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

213,530 65,422 65,422 - 0.00% Revenues 39,200,317 40,815,957 41,488,600 41,714,146 47,231,660 5,517,514 13.23% ** not included on chart Revenues by Category $40 $30 Millions $20 $10 $0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 Ad Valorem Taxes Other Taxes Licenses & Permits Intergov't Revenue Charges for Services Fines & Forfeitures Actual Actual Actual Budget Budget % 2015-16 2016-17 2017-18 2018-19 2019-20 $ Variance Variance Ad Valorem Taxes 6,602,563 6,844,049 7,131,517 7,432,919 7,646,095 213,176 2.87% Other Taxes 5,338,748 5,376,343 5,610,125 5,867,429 6,885,913 1,018,484 17.36% Licenses & Permits 2,634,043 2,524,215 2,596,072 2,757,262 4,901,296 2,144,034 77.76% Intergov't Revenue 4,322,696 4,266,425 4,880,937 4,030,733 4,218,364 187,631 4.66% Charges for Services 16,987,101 18,022,048 18,207,840 18,385,802 19,155,810 770,008 4.19% Fines & Forfeitures 121,513 127,406 101,378 99,961 108,695 8,734 8.74% Interest & Other 885,428 1,274,908 1,052,016 866,584 1,050,057 183,473 21.17% Other Financing Sources 504,288 586,146 40,080 58,251 60,816 2,565 0.00% Fund Balance / Net Assets / Transfers 1,803,937 1,794,419 1,868,634 2,215,203 3,204,613 989,410 44.66% Revenues 39,200,317 40,815,957 41,488,600 41,714,146 47,231,660 5,517,514 13.23% 35  CITY OF FORT WALTON BEACH, FL Expenditure Trends - All Funds Expenditures by Fund $45 $40 $35 $30 Millions $25 $20 $15 $10 $5 $0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 General Fund* FL Bldg Code Fund CRA Fund Debt Service Fund Utilities Fund Sanitation Fund Stormwater Fund Actual Actual Actual Budget Budget $ % 2015-16 2016-17 2017-18 2018-19 2019-20 Variance Variance General Fund* 20,153,995 20,217,391 22,096,795 22,210,768 26,730,208 4,519,440 20.35% Law Enf. Trust Fund** 21,567 130,335 7,309 7,309 7,309 - 0.00% Law Enf. Training Fund** 16,780 4,429 7,197 4,097 4,097 - 0.00% FL Bldg Code Fund 340,612 416,683 368,811 399,603 357,560 (42,043) -10.52% CDBG Fund* 119,072 254,125 119,807 138,113 151,789 13,675 9.90% CRA Fund 2,139,079 1,627,422 1,738,969 1,893,165 2,216,134 322,969 17.06% Debt Service Fund 1,001,599 990,703 1,042,894 1,041,741 1,104,543 62,803 6.03% Utilities Fund 10,060,160 10,031,847 11,139,019 11,120,999 11,264,818 143,820 1.29% Sanitation Fund 3,407,992 3,830,618 3,804,419 3,793,649 4,316,172 522,523 13.77% Stormwater Fund 611,351 681,541 975,867 1,039,280 1,013,608 (25,672) -2.47% Beal Memorial Fund** 12,604 33,341 75,554 65,422 65,422 - 0.00% Expenditures 37,884,811 38,218,434 41,376,640 41,714,146 47,231,660 5,517,513 13.23% ** not included on chart Expenditures by Category $40 $30 Millions $20 $10 $0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 General Government Public Safety Physical Environment Transportation Economic Environment Culture & Recreation Actual Actual Actual Budget Budget % 2015-16 2016-17 2017-18 2018-19 2019-20 $ Variance Variance General Government 3,017,374 3,228,767 3,062,560 3,516,533 4,077,060 560,527 15.94% Public Safety 9,053,178 9,913,344 10,584,430 10,795,829 12,069,353 1,273,524 11.80% Physical Environment 13,781,136 13,630,039 14,228,411 12,059,508 12,630,857 571,349 4.74% Transportation 852,602 890,762 762,058 974,711 801,279 (173,432) -17.79% Economic Environment 1,432,788 1,468,393 1,045,687 909,723 1,142,525 232,802 25.59% Culture & Recreation 4,196,979 4,170,787 4,477,927 4,945,559 5,185,935 240,376 4.86% Capital (net of Reclass) 2,105,686 1,598,285 4,847,756 1,745,752 4,273,628 2,527,876 144.80% Debt Service 1,646,884 1,523,638 1,518,360 3,691,594 4,573,046 881,452 23.88% Other Financing Uses 1,798,184 1,794,419 849,451 3,074,940 2,477,982 (596,958) -19.41% Expenditures 37,884,811 38,218,434 41,376,640 41,714,146 47,231,660 5,517,513 13.23% 36 Revenues FY 2019-20 Budgeted Revenues $47,231,660 Ad Valorem Taxes , Other Taxes , $7,646,095 , 16.2% $6,885,913 , 14.6% Reserves , $1,123,639 , 2.4% Interfund Transfers , Licenses & Permits , $2,080,974 , 4.4% $4,901,296 , 10.4% Interest & Other Revenues , $1,110,873 , 2.4% State Revenue Sharing Fines and Forfeitures , & Other Intergov't , $108,695 , 0.2% $4,218,364 , 8.9% Stormwater Fees , $988,713 , 2.1% Recreation, Golf, Garbage Fees , Cemetery, Other Fees , $4,288,858 , 9.1% $2,701,972 , 5.7% Water & Sewer Fees , $11,176,267 , 23.7% Charges for Services (User Fees) – The City levies user fees to fund the cost of regulating an activity or providing a service or facility. Charges for services are anticipated to generate approximately $19.2M and are the largest source of revenue for the City at 40.6%. Unlike taxes, these charges are directly related to the service received. User fees include leisure services such as recreation programs, senior activities, library, museums, and golf; fire assessments; water and sewer service; garbage collection; and stormwater management. Fees are set by City Council based on the cost of providing these services, reviewed and adjusted annually as part of the budget process, and published in the Comprehensive Fee Schedule. Revenues are budgeted based on historical usage and/or number of customers, adjusted for current rates. $12 Water and sewer rates will generate approximately $11.2M in revenues. A new five- $10 year utility rate study, which includes stormwater $8 and sanitation is in process and will likely be Millions adopted in January 2020. The study determines $6 the required rates to generate sufficient revenue to $4 sustain renewal and replacement reserves and account for debt service requirements and is $2 updated on an annual basis to account for real- $0 time revenues, expenses, and changes within the Recreation Water & Sewer Garbage Stormwater/Other utility system. 2015-16 2016-17 2017-18 Budget 2018-19