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Fort Walton Beach — Fiscal Year 2019-20 Adopted Budget — reading text
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Actual Budget
2018-19 2019-20 %
2015-16 2016-17 2017-18 Adopted Adopted Change
Personal Services:
3.00 2.00 2.00 5.00 Number of Employees (FTE's) 5.00
43,237 24,319 - 194,090 552-1200 Regular Salaries 227,086 17.00%
- 10,834 552-1202 Incentive Pay 24,022 121.73%
258 27 - 9,481 552-1400 Salaries - Overtime 9,481 0.00%
- - - 8,146 552-1401 Salaries - Overtime Holiday Worked 8,146 0.00%
- 1,685 552-1501 Incentive - -100.00%
2,359 1,454 - 11,914 552-2100 FICA Taxes 13,853 16.28%
552 340 - 2,786 552-2101 Medicare 3,314 18.95%
- 71,259 552-2201 Retirement Contributions - Police Officers 90,233 26.63%
382 194 - - 552-2204 Retirement Contributions - DC Plan - 0.00%
9,400 2,629 - 49,650 552-2300 Dental, Life & Health Insurance 41,611 -16.19%
1,229 752 - 7,150 552-2400 Worker's Compensation 8,660 21.12%
11,581 7,729 - - 552-1291 Salary Allocation Reimb to General Fund - 0.00%
$ 68,997 $ 37,444 $ - $ 366,995 Total Personal Services $ 426,406 100.00%
Operating Expenses:
91,942 225,862 159,352 - 552-3100 Professional Services - 0.00%
3,682 - - - 552-3101 Legal Services - 0.00%
169,739 169,527 331,365 159,265 552-3400 Other Services 216,744 36.09%
906 10,589 1,100 - 552-3450 Other Services - Grounds Maintenance - 0.00%
1,609 890 (2) 1,200 552-4000 Travel and Per Diem 1,200 0.00%
1,959 1,870 264 - 552-4100 Communication Services - 0.00%
- - - 700 552-4200 Postage 700 0.00%
125,274 118,689 127,016 107,324 552-4300 Utilities 107,324 0.00%
4,974 3,030 2,350 - 552-4400 Rentals & Leases - 0.00%
- 825 - - 552-4610 Maintenance Contracts 1,726 100.00%
243 669 519 - 552-4620 Vehicle Repair - 0.00%
777 574 922 - 552-4630 Equipment Repair - 0.00%
40,444 36 - - 552-4640 Building Maintenance - 0.00%
280 - - 5,000 552-4800 Promotional Activities 5,000 0.00%
- - - - 552-4911 Holiday Gift Certificates - 0.00%
786 575 802 - 552-4915 Legal Advertising - 0.00%
- - - - 552-5100 Office Supplies - 0.00%
11,493 2,163 84 - 552-5200 Operating Supplies - 0.00%
1,728 1,881 1,436 - 552-5204 Fuel & Oil - 0.00%
130 115 - - 552-5210 Uniform Expense - 0.00%
- - - - 552-5231 Computer Hardware/Software - 0.00%
1,154 1,750 - - 552-5233 Tools - 0.00%
135 80 - - 552-5234 Safety Supplies/Equipment - 0.00%
28,937 19,850 31,459 - 552-5250 Operating Supplies - Grounds Maintenance - 0.00%
- - 109 - 552-5300 Road Materials & Supplies - 0.00%
1,600 1,450 1,440 2,415 552-5400 Dues & Publications 2,415 0.00%
790 - 444 1,050 552-5500 Training 1,050 0.00%
Non-Operating:
563,362 - 72,626 50,000 552-8200 Grants and Aids 50,000 0.00%
$ 1,051,941 $ 560,425 $ 731,286 $ 326,954 Total Operating Expenditures $ 386,159 18.11%
Capital Outlay:
- - 681,042 - 552-6214 Improvements Buildings - 0.00%
364,159 9,774 18,930 - 552-6310 Improvements Other Than Buildings 265,000 100.00%
$ 364,159 $ 9,774 $ 699,972 $ - Total Capital Outlay $ 265,000 0.00%
109-2000-CRA 9/23/2019 1:48 PM 125
126
Debt Service Fund
The Debt Service Fund encompasses 2.5% of the City’s activities and services and accounts for the
accumulation of resources for and the payment of general long-term debt principal and interest. Funds
are transferred from the General Fund.
Revenue Highlights
$1,200,000
Budget.
$1,000,000 2019-20.
…… $ Change % Change
Interfund Transfers In 1,104,543 62,802 6.0%
$800,000 $1,104,543 $62,802 6.0%
$600,000
$400,000
$200,000
$0
Actual Actual Actual Budget Budget
2015-16 2016-17 2017-18 2018-19 2019-20
Interfund Transfers
• Transfers from the General Fund cover annual debt payments as required per Generally Accepted
Accounting Principles (GAAP) for governmental funds.
Expenditure Highlights
$1,120,000
$1,100,000 Budget.
$1,080,000 ……2019-20 $ Change % Change
$1,060,000 Debt Service 1,104,543 62,802 6.0%
$1,040,000 $1,104,543 $62,802 6.0%
$1,020,000
$1,000,000
$980,000
$960,000
$940,000
$920,000
Actual Actual Actual Budget Budget
2015-16 2016-17 2017-18 2018-19 2019-20
Debt Service
• Debt Issues:
2011A Revenue Note – Fire Ladder Truck (year 9 of 10)
2013 Revenue Note – Municipal Facilities (year 7 of 18)
2013A Bank Loan – Recreation Complex, Fairway Sweeper/Vacuum, Bucket Truck (year 7 of 15)
2015 Interfund Loan – Fire Pumper Truck (year 7 of 10)
2015 Rec Center Fitness Equipment (year 5 of 5)
2018 Revenue Note – Field Office Complex (year 1 of 19)
127
201 DEBT SERVICE FUND
Actual Budget
2018-19 2019-20 %
2015-16 2016-17 2017-18 Adopted Adopted Change
133,204 124,619 124,619 178,193 1600-381-0100 Transfer from General Fund