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

171  CITY OF FORT WALTON BEACH, FL Five Year Capital Improvements Program FIVE YEAR Page CIP Project Name FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 TOTAL 174 5071 Tennis Center Improvements 35,000 75,000 25,000 80,000 40,000 255,000 175 TBD Landing Park Improvement 1,100,000 1,100,000 500,000 - - 2,700,000 176 TBD Recreation Complex Phase III 100,000 - 1,750,000 - - 1,850,000 Recreation 1,235,000 1,175,000 2,275,000 80,000 40,000 4,805,000 177 TBD Commerce Technology Park 25,000 - 20,000 220,000 - 265,000 Facilities 25,000 - 20,000 220,000 - 265,000 178 TBD Intersection & Pedestrian Improvements 150,000 75,000 50,000 - - 275,000 179 5018 Street Resurfacing 300,000 175,000 175,000 175,000 175,000 1,000,000 Streets 450,000 250,000 225,000 175,000 175,000 1,275,000 GENERAL FUND TOTAL 1,710,000 1,425,000 2,520,000 475,000 215,000 6,345,000 180 TBD Downtown Master Plan 3,050,000 150,000 3,812,500 3,812,500 23,637,500 34,462,500 CRA FUND TOTAL 3,050,000 150,000 3,812,500 3,812,500 23,637,500 34,462,500 181 5032 Sewer System Grouting & Lining 30,000 100,000 100,000 100,000 100,000 430,000 182 5031 Pump Station #1 Reconfiguration 100,000 - - - - 100,000 183 5031 Pump Station #1B Generator Fuel Tank Rpl 65,000 - - - - 65,000 Sewer Collection & Treatment 195,000 100,000 100,000 100,000 100,000 595,000 UTILITIES FUND TOTAL 195,000 100,000 100,000 100,000 100,000 595,000 5019 Stormwater Improvements - 300,000 100,000 100,000 60,000 560,000 STORMWATER FUND TOTAL - 300,000 100,000 100,000 60,000 560,000 GRAND TOTAL - ALL FUNDS 4,955,000 1,975,000 6,532,500 4,487,500 24,012,500 41,962,500 Where it comes from... ...And where it goes General Fund Revenues Stormwater Revenues Parks & Recreation Facilities Debt Issuance Utilities Revenues Stormwater Streets Grant Funding Fund Balance/Net Assets Water & Sewer General Gov't 172  FUNDING METHODOLOGY FY 2019-20 TIMELINE Operating & FUTURE (1) 1/2 Cent Sales Bond / Debt Other / Fund Bal / FIVE YEAR Estimated Project YEAR Tax Revenues Grant Issue In-Kind(2) Net Assets TOTAL Start Duration EXPENSES 255,000 - - - - 255,000 Oct 2019 48 months - - 2,700,000 - - - 2,700,000 Oct 2019 24 months - 1,850,000 - - - - 1,850,000 Oct 2019 36 months - 2,105,000 2,700,000 - - - 4,805,000 - 265,000 - - - - 265,000 265,000 - - - - 265,000 - 275,000 - - - - 275,000 Oct 2019 12 months - 1,000,000 - - - - 1,000,000 Oct 2019 12 months - 1,275,000 - - - - 1,275,000 - 3,645,000 2,700,000 - - - 6,345,000 - 3,450,000 3,562,500 17,450,000 10,000,000 - 34,462,500 Oct 2019 24 months 3,450,000 3,562,500 17,450,000 10,000,000 - 34,462,500 - 430,000 - - - - 430,000 Oct 2019 12 months - 100,000 - - - - 100,000 Oct 2019 12 months - 65,000 - - - - 65,000 Oct 2019 12 months - 595,000 - - - - 595,000 - 595,000 - - - - 595,000 - 560,000 - - - - 560,000 Oct 2019 12 months - 560,000 - - - - 560,000 - - - 8,250,000 6,262,500 17,450,000 10,000,000 - 41,962,500 - Italics denotes a project beyond the current five-year CIP horizon. (1) Other includes special assessments and land sales. (2) In-kind matching grant contributions are budgeted as operational expenses (usually personal services). Note: Some projects also have carry-over funds, which are not included in these totals but noted as part of the budget resolution at the end of the budget document. 173 City of Fort Walton Beach, Florida FY 2020 - 2024 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. 1 Project Title: City of Fort Walton Beach Tennis Center Responsible Department: Recreation & Cultural Services Neighborhood/Loc Oakland Responsible Division: Parks Project Manager: Jeff Peters Project Category: Park Facilities Project Type: Multi-Year Project Number: 5071 Estimated Useful Life (years): 25 Criteria Type: Continues Existing Project Projected Date of Completion: 09/30/23 Project Description/Justification: The project includes resurfacing the remainder of the Tennis Courts. In addition, prior year improvements included bathroom renovations, lighting and ballast repair, and interior building renovations. FY 2020 Renovate building restrooms, Fence installation, Gate installation FY 2021 Demo block racquetball courts, Asphalt and stripe additional Pickleball Courts FY 2022 Court Resurfacing FY 2023 Fence Replacement FY 2024 Lighting repair, Court Resurfacing BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2020 2021 2022 2023 2024 Total Project Cost Improvements 15,000 75,000 25,000 80,000 40,000 235,000 Furniture/Fixture/Equip. 20,000 - - - - 20,000 Operational Impact - - - - - - Total Expenditures 35,000 75,000 25,000 80,000 40,000 255,000 320,000 Expenses From Prior Year(s): $65,000 Funded from Prior Yr. Revenue: $65,000 Prior Year Activity on Project: FY 2019 Court resurfacing (4), Building renovation, lighting repair, landscaping repair Court 12 renovation to 4 Jr courtsOutdoor Restroom renovation, Interior building sectioned off for Tennis Staff, Fence FY 2018 Repair, Painting, landscaping FY 2017 Resurfaced court, New HVAC, bathroom renovations, roof repairs, light and ballast repair FY 2016 FY 2015 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2020 2021 2022 2023 2024 Total Revenue City Funding 25,400 65,400 15,400 70,400 30,400 207,000 Grant Funding - Debt Financing - Other Outside Funding