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

- 536-1250 Compensated Absences - 0.00% (342) - 614 - 536-2150 FICA - Compensated Absences - 0.00% (88,540) - - - 533-2299 Acturial Pension Expense - 0.00% $ (42,578) $ 3,026 $ 13,025 $ 10,000 Total Personal Services $ 10,000 0.00% Operating Expenditures: 7,958 7,733 8,214 - 536-3100 Professional Services - 0.00% - - 50 950 536-4911 Holiday Gift Certificates 950 0.00% 37,557 - 26,887 - 536-4924 Bad Debt Expense - 0.00% - - - 111,210 536-4995 Contingencies - 1% of Revenues 112,648 1.29% 9,338 - 8,558 - 536-4999 Amortization Expense - 0.00% 1,915,116 1,955,576 1,878,755 - 536-5900 Depreciation - 0.00% 16,794 - 16,794 - 536-5910 Depreciation on Contributed Capital - 0.00% Non-Operating 44,732 - - - 590-9502 OPEB Obligation - 0.00% $ 2,031,495 $ 1,963,309 $ 1,939,258 $ 112,160 Total Operating Expenditures $ 113,598 1.28% Capital Outlay 1,200 - - 2,465 536-6420 Computer Hardware/Software 4,520 83.37% $ 1,200 $ - $ - $ 2,465 Total Capital Outlay $ 4,520 83.37% Other Financing Activity 1,041,639 1,063,612 1,526,252 1,130,539 536-9901 Cost Allocation Reimbursement to General Fund 1,155,411 2.20% 619,771 618,208 642,721 642,721 581-9102 6% Franchise/Right-of-Way Access Fee 675,889 5.16% - 516,926 581-9999 Reserved - Undesignated Net Assets - -100.00% $ 1,661,410 $ 1,681,820 $ 2,168,973 $ 2,290,186 Total Other Financing Activity $ 1,831,300 -20.04% $ 3,651,527 $ 3,648,155 $ 4,121,256 $ 2,414,811 TOTAL EXPENSES $ 1,959,418 -18.86% 40.50 40.50 40.50 40.50 NumberNumber of Employees (FTE's) of Funded Employees (FTE's) 40.50 0.00% 429,654 440,816 447,046 460,207 Customer Service 482,013 4.74% 518,850 570,131 423,529 526,807 Utility Services 1,140,901 116.57% - - 239,706 280,463 GIS 246,039 -12.27% 1,212,256 840,107 778,276 1,159,883 Water Operations 1,114,450 -3.92% 408,172 486,166 406,033 725,594 Water Distribution 699,446 -3.60% 4,631,690 4,189,516 4,042,536 5,553,234 Sewer Collection & Treatment 5,622,551 1.25% 3,651,527 3,648,155 4,121,256 2,414,811 Non-Departmental 1,959,418 -18.86% (1,711,783) (621,776) (740,184) - Reclassification of Capital Outlay - 0.00% $ 9,140,365 $ 9,553,115 $ 9,718,198 $ 11,120,999 TOTAL FUND EXPENSES $ 11,264,818 1.29% $ 1,107,509 $ 1,559,627 $ 1,213,223 $ - NET REVENUE / (EXPENSE) $ (0) 100.00% 1500-NonDept_401 9/19/2019 10:25 AM 147  Sanitation Fund The Sanitation Fund encompasses 9.1% of the City’s activities and services and accounts for solid waste and recycling operations that are financed and operated in a manner similar to a private business – where the intent is that the cost (expenses, including depreciation) of providing the services be financed and recovered primarily through user charges. The City provides residential and commercial garbage collection, as well as yard waste and white goods collection. Commercial and residential recycling programs are available. Revenue Highlights $5.0 Budget. $4.5 2019-20. …… $ Change % Change $4.0 Licenses & Permits 10,037 0 0% $3.5 Charges for Services 4,288,858 536,891 14.3% $3.0 Millions Interest & Other 17,277 (14,368) (45.4)% $2.5 $2.0 $4,316,172 $522,5230 13.8% $1.5 $1.0 $0.5 $0.0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 Licenses & Permits Charges for Services Interest & Other • A new five-year 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 $5.0 Budget. $4.0 ……2018-19 $ Change % Change Personal Services 1,252,170 61,556 5.2% $3.0 Operations & Maintenance 2,085,072 230,557 12.4% Millions Capital Outlay/Imprvmt 260,000 130,000 100.0% $2.0 Interfund Transfers Out 718,931 174,965 32.2% Replenish Reserves 0 (74,556) (100.0)% $1.0 0$4,316,172 $522,523 13.8% $0.0 Actual Actual Actual Budget Budget 2015-16 2016-17 2017-18 2018-19 2019-20 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Interfund Transfers Replenish Reserves *Expenses shown on a cash basis, exclusive of reclassifications for the audited financial statements.* • The increase in personal services and operating expenses is due to pay and classification changes related to internal equity and compression, as well as an increase in the City covered portion of employee insurance. • The increase in capital outlay is related to vehicle replacements. • The increase in the interfund transfer out is due to an increase in the cost allocation and franchise fee calculation. • The decrease in replenish reserves account is due to the on-going construction of the new consolidated field office complex. 148  403 SANITATION FUND - REVENUES Actual Budget 2018-19 2019-20 % 2015-16 2016-17 2017-18 Adopted Adopted Change