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Fort Walton Beach — Fiscal Year 2019-20 Adopted Budget — reading text
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240,565 35.00%
2011 Cap Imp Rev Note -Ladder Truck- yr 9 of 10
2015 Interfund Loan -Fire Pumper- yr 7 of 10
2015 Rec Ctr Fitness Equipment-yr 5 of 5
2018 Rev Note - Field Offc Complex-yr 1 of 19
206,628 308,637 305,087 306,022 1600-381-1301 306,467 0.15%
2013 Revenue Note -Municipal Facilities - yr 7 of 18
557,475 557,447 557,525 557,525 1600-381-1302 Transfer from General Fund - 2013A Sinking Fund 557,511 0.00%
2013A Bank Loan -Recreation Complex- yr 7 of 15
2013A Bank Loan -Fairway Sweep/Vac- yr 7 of 10
2013A Bank Loan -Bucket Truck- yr 7 of 10
$ 897,306 $ 990,703 $ 987,231 $ 1,041,741 Total Interfund Transfers $ 1,104,543 6.03%
$ 897,306 $ 990,703 $ 987,231 $ 1,041,741 TOTAL TRANSFERS IN $ 1,104,543 6.03%
$ 897,306 $ 990,703 $ 987,231 $ 1,041,741 TOTAL FUND REVENUES $ 1,104,543 6.03%
Debt Service:
673,851 682,230 718,320 767,536 2100-517-7100 Principal Payments 810,235 5.56%
2011 Cap Imp Rev Note -Ladder Truck- yr 9 of 10
2013 Revenue Note -Municipal Facilities Police- yr 7 of 18
2013 Revenue Note -Municipal Facilities Fire- yr 7 of 18
2013 Revenue Note -Municipal Facilities Library- yr 7 of 18
2013 Revenue Note -Municipal Facilities General- yr 7 of 18
2013A Bank Loan -Recreation Complex- yr 7 of 15
2013A Bank Loan -Fairway Sweep/Vac- yr 7 of 10
2013A Bank Loan -Bucket Truck- yr 7 of 10
2015 Interfund Loan -Fire Pumper- yr 7 of 10
2015 Rec Ctr Fitness Equipment-yr 5 of 5
2018 Rev Note - Field Offc Complex-yr 1 of 19
327,748 308,472 290,040 274,204 2100-517-7200 Interest Expense 294,309 7.33%
2011 Cap Imp Rev Note -Ladder Truck- yr 9 of 10
2013 Revenue Note -Municipal Facilities Police- yr 7 of 18
2013 Revenue Note -Municipal Facilities Fire- yr 7 of 18
2013 Revenue Note -Municipal Facilities Library- yr 7 of 18
2013 Revenue Note -Municipal Facilities General- yr 7 of 18
2013A Bank Loan -Recreation Complex- yr 7 of 15
2013A Bank Loan -Fairway Sweep/Vac- yr 7 of 10
2013A Bank Loan -Bucket Truck- yr 7 of 10
2015 Interfund Loan -Fire Pumper- yr 7 of 10
2015 Rec Ctr Fitness Equipment-yr 5 of 5
2018 Rev Note - Field Offc Complex-yr 1 of 19
- - - - 2100-517-7300 Paying Agent Fees - 0.00%
$ 1,001,599 $ 990,703 $ 1,008,360 $ 1,041,740 Total Debt Service $ 1,104,543 6.03%
$ 1,001,599 $ 990,703 $ 1,008,360 $ 1,041,741 TOTAL FUND EXPENSES $ 1,104,543 6.03%
$ (104,293) $ (302,096) $ (21,130) $ (233,405) NET REVENUE / (EXPENSE) $ - 0.00%
201-Debt 9/19/2019 10:28 AM 128
Beal Memorial Cemetery Fund
The Beal Memorial Cemetery Perpetual Care Fund encompasses 0.22% of the City’s activities and
services and accounts for a portion of revenues from lot, crypt, and niche sales that are being reserved
for perpetual care. Cemetery operations are currently funded in the General Fund, but interest earnings
on the reserves will be used for maintaining the cemetery once all spaces have been sold.
Revenue Highlights
$350,000
Budget.
$300,000 …… 2019-20 $ Change % Change
Interest & Other 26,500 0 0.0%
$250,000
Interfund Transfers In 38,922 0 0.0%
$200,000
$65,422 $0 0%
$150,000
$100,000
$50,000
$0
Actual Actual Actual Budget Budget
2015-16 2016-17 2017-18 2018-19 2019-20
Interest & Other Interfund Transfers
• Transfers In reflects the transfer of 20% of cemetery lot sales from the General Fund to fund perpetual
care, as established by Ordinance 526.
Expenditure Highlights
$70,000
Budget.
$60,000
…… 2019-20 $ Change % Change
$50,000 Operations & Maintenance 12,200 0 0%
$40,000 Interfund Transfers 34,000 34,000 100%
Replenish Reserves 19,222 (34,000) (63.9)%
$30,000
$65,422 $0 0%
$20,000
$10,000
$0
Actual Actual Actual Budget Budget
2015-16 2016-17 2017-18 2018-19 2019-20
Operations & Maintenance Interfund Transfers Replenish Reserves
• Operations & maintenance includes the annual investment portfolio management fee.
• The increase in interfund transfers is a result of cemetery maintenance equipment.
129
602 BEAL MEMORIAL CEMETERY CARE FUND
Actual Budget
2018-19 2019-20 %
2015-16 2016-17 2017-18 Adopted Adopted Change
282 54 578 26,500 1500-361-1000 Interest Income 26,500 0.00%
50,320 57,341 66,111 - 1500-361-2000 Dividend Income - 0.00%
185,299 194,486 89,338 - 1500-361-3000 Unrealized Gain/(Loss) - 0.00%
(19,529) 31,737 57,503 - 1500-361-4000 Realized Gain/(Loss) - 0.00%
$ 216,372 $ 283,618 $ 213,529 $ 26,500 Total Interest Income $ 26,500 0.00%
$ 216,372 $ 283,618 $ 213,529 $ 26,500 TOTAL INTEREST & OTHER REVENUES $ 26,500 0.00%
24,668 21,760 34,031 38,922 2200-381-0100 Transfer from General Fund 38,922 0.00%
$ 24,668 $ 21,760 $ 34,031 $ 38,922 Total Interfund Transfers $ 38,922 0.00%
- - - - 1600-389-9100 Appropriation from Fund Balance