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

- 0.00% $ - $ - $ - $ - Total Non-Operating Sources $ - 0.00% $ 24,668 $ 21,760 $ 34,031 $ 38,922 TOTAL TRANSFERS IN $ 38,922 0.00% $ 241,040 $ 305,378 $ 247,560 $ 65,422 TOTAL FUND REVENUES $ 65,422 0.00% Operating Expenditures: 12,268 13,122 13,376 12,200 2200-539-3100 Professional Services 12,200 0.00% $ 12,268 $ 13,122 $ 13,376 $ 12,200 Total Operating Expenditures $ 12,200 0.00% Other Financing Activity: 20,700 20,217 - - 1600-581-9102 Transfer to General Fund 34,000 100.00% - - - 53,222 1600-581-9920 Reserve for Future Cemetery Perpetual Care 19,222 -63.88% $ 20,700 $ 20,217 $ - $ 53,222 Total Other Financing Activity $ 53,222 0.00% $ 32,968 $ 33,339 $ 13,376 $ 65,422 TOTAL FUND EXPENSES $ 65,422 0.00% $ 208,072 $ 272,039 $ 234,184 $ - NET REVENUE / (EXPENSE) $ - 0.00% 602-Beal 9/19/2019 10:32 AM 130 131  Utilities Fund The Utilities Fund encompasses 26.7% of the City’s activities and services and accounts for water production and distribution and sewer collection and treatment. These activities are financed and operate in a manner similar to a private business – where the intent is that the cost (expenses, including depreciation) of providing the services to the public on a continuing basis be financed and recovered through user charges. Revenue Highlights $12 Budget. 2019-20 …… $ Change % Change $10 Charges for Services 11,176,267 202,759 1.8% Interest & Other 88,551 (58,940) (40.0)% $8 $11,264,818 $143,819 1.3% Millions $6 $4 $2 $0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 Licenses & Permits Intergov't Revenue Charges for Services Interest & Other Interfund Transfers Appropriations • A new five-year utility rate study is currently in process and will be presented to City Council for approval and implementation in January 2020. The study will determine the required rates to generate sufficient revenue to sustain renewal and replacement reserves and account for debt service requirements. Expenditure Highlights $12 Budget. $10 2019-20. …… $ Change % Change Personal Services 2,528,417 44,666 1.8% $8 Operations & Maintenance 4,240,818 141,116 3.4% Millions $6 Capital Outlay/Imprvmt 521,329 (118,763) (18.6)% $4 Debt Service 2,142,954 535,687 33.3% Interfund Transfers Out 1,831,300 58,040 3.3% $2 Replenish Reserves 0 (516,926) (100.0)% $0 $11,264,818 (516,926,926 $143,819 1.3% Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Debt Service Interfund Transfers Replenish Reserves *Expenses shown on a cash basis, exclusive of reclassifications for the audited financial statements.* • The decrease in replenish reserves is due to prior year’s accumulation of funds for the construction of a new consolidated field office complex. 132  401 UTILITIES FUND - REVENUES Actual Budget 2018-19 2019-20 % 2015-16 2016-17 2017-18 Adopted Adopted Change 2,164,659 2,262,172 2,266,875 2,350,903 1310-343-3000 Service Fees - Residential 2,503,806 6.50% 1,366,759 1,409,228 1,407,465 1,419,650 1310-343-3100 Service Fees - Commercial 1,398,616 -1.48% 7,988 17,990 8,433 7,666 1500-343-3600 Connection Fees - Residential 25,144 227.99% 16,588 106,450 38,000 19,720 1500-343-3700 Connection Fees - Commercial 49,767 152.37% 2,560 4 - 25 1500-343-3810 Hydrant Service 25 0.00% $ 3,558,553 $ 3,795,844 $ 3,720,773 $ 3,797,964 Total Water Operations $ 3,977,358 4.72% 4,357,920 4,619,084 4,652,434 4,811,637 1350-343-5000 Service Fees - Residential 4,661,300 -3.12% 1,952,654 2,049,706 2,075,738 2,093,128 1350-343-5100 Service Fees - Commercial 2,153,395 2.88% 6,900 17,250 9,750 11,500 1500-343-5600 Connection Fees - Residential 37,127 222.84% 6,987 161,624 21,606 9,620 1500-343-5700 Connection Fees - Commercial 152,138 1481.48% - 38,120 - - 1500-343-5894 Work Orders - 0.00% $ 6,324,461 $ 6,885,784 $ 6,759,529 $ 6,925,885 Total Sewer Operations $ 7,003,959 1.13% 2,517 4,225 3,425 2,837 0520-343-3001 Administrative Fee - Returned Checks 2,837 0.00% 109,908 104,786 101,337 114,650 1310-343-3200 Service Charges 84,650 -26.17% 128,040 130,096 127,132 132,172 1310-343-3300 Penalties 107,463 -18.69% $ 240,465 $ 239,107 $ 231,894 $ 249,659 Total Combined Operations $ 194,950 -21.91% $ 10,123,479 $ 10,920,735 $ 10,712,196 $ 10,973,508 TOTAL CHARGES FOR SERVICES $ 11,176,267 1.85% 2,654 5,950 - - 1310-324-2100 Impact Fees - Water - Residential - 0.00% 7,191 17,625 - - 1310-324-2200 Impact Fees - Water - Commercial - 0.00% 3,867 3,833 - - 1350-324-2100 Impact Fees - Sewer - Residential - 0.00% 8,315 20,303 - - 1350-324-2200 Impact Fees - Sewer - Commercial - 0.00% $ 22,027 $ 47,711 $ - $ - Total Licenses & Permits $ - 0.00% $ 22,027 $ 47,711 $ - $ - TOTAL LICENSES & PERMITS $ - 0.00% - 19,752 44,950 - 5421-334-3502 State Grants - 0.00% $ - $