Fort Walton Beach — Fiscal Year 2019-20 Adopted Budget — reading text

60,816 1,810,383 886,296 1,005,309 2.1% $ 3,138,989 $ 3,549,450 $ 3,906,854 $ 1,039,283 $ 1,039,280 $ 1,013,608 $ 41,945,490 $ 41,714,146 $ 47,231,660 501,125 1,064,849 1,008,620 (11,290) 127,562 - (456,890) 1,451,729 (110,019) 2,453,654 3,289,457 4,354,306 1,110,626 1,099,336 1,226,898 28,651,040 26,449,979 27,901,708 $ 2,954,779 $ 4,354,306 $ 5,362,926 $ 1,099,336 $ 1,226,898 $ 1,226,898 $ 28,194,150 $ 27,901,708 $ 27,791,689 29  Executive Budget Summary Where the Money Comes From … … And Where the Money Goes Budgeted Revenues: $47,231,660 Budgeted Expenditures: $47,231,660 Ad Valorem Taxes , Debt Service, Reserves , $7,646,095 , 16.2% Other Taxes , Capital Outlay/ $4,573,046 , 9.7% Contingencies, $1,123,639 , 2.4% $6,885,913 , 14.6% Improvement, $459,053 , 1.0% $4,273,628 , 9.0% Reserves, Interfund Transfers , $1,013,620 , 2.1% $2,080,974 , 4.4% Culture & Licenses & Permits , Recreation, $5,185,935 , 11.0% Interfund Transfers, Interest & Other $4,901,296 , 10.4% $1,005,309 , 2.1% Revenues , $1,110,873 , 2.4% Economic General Environment, Government, $1,142,525 , 2.4% $4,077,060 , 8.6% Fines and State Revenue Forfeitures , Sharing & Other $108,695 , 0.2% Transportation, Intergov't , $801,279 , 1.7% $4,218,364 , 8.9% Stormwater Fees , $988,713 , 2.1% Physical Environment, Public Safety, Garbage Fees , Recreation, Golf, $12,630,857 , 26.7% $12,069,353 , 25.6% $4,288,858 , 9.1% Water & Sewer Fees Cemetery, Other Fees , $11,176,267 , , $2,701,972 , 5.7% 23.7% User Fees are the largest revenue source for the City Physical Environment includes water, sewer, at 40.6% and generate $19.1M. Unlike taxes, these garbage, stormwater, and cemetery operations, charges are directly related to the service received comprising the largest expense to the City at and are collected for recreation & golf activities, $12.6M, or 26.7%. water & sewer services, garbage collection, and Public Safety includes police, fire, code stormwater. enforcement, and building inspection and totals Ad Valorem (Property) Taxes are the City’s second $12M, or 25.6%, of expenses. largest revenue source at $7.6M, or 16.2%, of Recreation & Cultural Services totals $5.1M, or revenues. Property taxes fund essential services such 11.0%, of expenses and includes parks & recreation as police, fire, planning, & code enforcement. programs and facilities, senior activities, library, Other Taxes total $6.8M and are the third largest museums, and golf courses. revenue source at 14.6%. This category includes local option gas tax, ½ cent sales tax, utility taxes, communication services tax, business tax receipts, insurance premium tax for police and fire pensions, and other state shared revenues. BUDGET SUMMARY FY 2019-20 FY 2018-19 $ Variance % Variance General Fund 26,730,208 22,210,768 4,519,440 20.3% Law Enf. Trust Fund 7,309 7,309 - 0.0% Law Enf. Training 4,097 4,097 - 0.0% FBC Fund 357,560 399,603 (42,043) (10.5)% CDBG Fund 151,789 138,113 13,676 9.9% CRA Fund 2,216,134 1,893,165 322,969 17.1% Debt Service Fund 1,104,543 1,041,741 62,802 6.0% Utilities Fund 11,264,818 11,120,999 143,819 1.3% Sanitation Fund 4,316,172 3,793,649 522,523 13.8% Stormwater Fund 1,013,608 1,039,280 (25,672) (2.5)% Beal Memorial Fund 65,422 65,422 - 0.0% GRAND TOTAL $47,231,660 $41,714,146 $5,517,514 13.23% City of Fort Walton Beach, FL 30 Executive Budget Summary Operating Budget Capital Budget $42,958,036 $4,251,628 $14 $3,000 $12 $2,500 $10 $2,000 $8 Millions Thousands $1,500 $6 $1,000 $4 $2 $500 $0 $0 Highlights for the upcoming year include: General Government is comprised of the City IT Replacements – 27 computers, 14 laptops, 2 Council, City Manager, IT, Human servers, 8 tablets & 2 Cisco network switches Resources, City Clerk, Finance, Purchasing, Development Services, Fleet, and Vehicle Replacements – 6 police patrol vehicles, 5 Facilities. These groups shape overall City policy trucks, 1 fire engine (rescue upgrade), 1 asphalt and/or provide guidance and assistance to other truck, 1 vactron vacuum truck, 1 sideloader departments and the public. Facility Repairs – Fire: Station 6 removal water Public Safety includes Police, Fire, Code damage East wall; Museum: Mound lighting; Golf: Enforcement, and Building Permitting & storage shed, tee box renovations, paint building Inspections. These groups monitor the interior; Recreation: resurface gym floor, safety and welfare of City Auditorium motorized curtain replacement property owners. Street Resurfacing/Restriping – Resurfacing: Physical Environment includes the production and Yacht Club Drive Ne from Cinco Bayou to Ferry distribution of drinking water, collection and Road NE treatment of wastewater, collection of Sidewalk Construction – Construct new sidewalk residential and commercial garbage, on Lake Drive NW from Destin Drive NW to recycling, management of stormwater and Virginia Drive NW environmental issues, and cemetery operations. Sewer Grouting & Lining – locations based upon Transportation includes right-of-way, engineering, video reports, maintenance, and flow monitoring and streets. Storm Drainage Improvement – identified in the Economic Environment includes the CDBG five-year schedule listed in the Stormwater Master program for low-moderate income