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

Latino 60% People Black 3000 50% White 40% 2000 30% 1000 20% 10% 0 Under 5 5-17 18-24 25-34 35-54 55-64 65+ 0% FWB Population Housing Units 22000 20000 18000 16000 14000 Owner Occupied, People 12000 11496, 50% Renter Occupied, 10000 9444, 41% 8000 6000 4000 Vacant, 2000 2219, 9% 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Median Income by Florida County (in thousands) $75 $60 $45 $30 $15 $0 St.Lucie Miami-Dade Osceola Suwannee Dixie St.Johns Franklin DeSoto Hamilton Citrus Jefferson Highlands Levy Putnam Washington Gilchrist Glades Jackson Bradford Holmes Lafayette Gadsden Madison Calhoun Hendry Union Okeechobee Columbia Taylor Gulf Hardee Hernado Marion Polk Liberty Lee Charlotte Santa Rosa Lake Martin Flagler Volusia Sumter Alachua Baker Nassau Pinellas Broward Brevard Hillsborough Clay Leon Bay Duval Sarasota Collier Monroe Orange Palm Beach Seminole Okaloosa Manatee Indian River Walton Escambia Wakulla Pasco City of Fort Walton Beach, FL 191 Statistical Information PROPERTY TAXES Taxable Assessed Value Comparison (in millions) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Cinco Bayou Crestview Destin Fort Walton Laurel Hill Mary Esther Niceville Shalimar Valparaiso Beach 2015 2016 2017 2018 2019 Property Tax Burden Comparison for Okaloosa County’s Residents Total Ad Valorem Municipality Millage Taxable Value Population per Capita Laurel Hill 14.0246 $17.4M 609 $592 Valparaiso 15.5486 $234.2M 5,195 $751 Crestview 17.4712 $1110.0M 24,664 $632 Mary Esther 14.7593 $286.6M 4,370 $1,030 Niceville 14.2246 $1105.6M 15,579 $1,141 Fort Walton Beach 16.1641 $1353.4M 22,284 $960 Shalimar 15.2746 $99.1M 824 $1,673 Cinco Bayou 16.2746 $52.7M 438 $1,605 Destin 13.1396 $5036.3M 14,077 $4,361 Okaloosa County* 14.1246 $17453.6M 202,970 $1,215 *Multiple fire districts serve the unincorporated areas, with varying millage rates Fort Walton Beach is the only full-service city, providing police, fire, water & sewer, garbage, and stormwater services along with recreational programs, senior center, library, museums, and two 18-hole golf courses. Top 10 Fort Walton Beach Taxpayers – 2018 Taxpayer Total Taxable Value Percentage Gulf Power Co. $ 21,730,963 1.61% Suso 2 Uptown, LP 16,034,926 1.18% DJD Investments of FL II LLC 7,551,299 0.56% DRS Training & Control 6,516,662 0.48% 99 Eglin LTD 6,315,421 0.47% Cox Communications Gulf Coast, LLC 6,203,229 0.46% Pacifica Walton Beach LLC 6,024,781 0.45% Fort Walton Machining, Inc. 5,639,257 0.42% PSH of Okaloosa LLC 5,316,256 0.40% ECH II Captains Quarters, LLC 5,017,416 0.37% $ 86,380,210 6.38% Other Taxpayers $ 1,267,035,305 93.62% Total Taxable Assessed Value $ 1,353,415,515 100.00% City of Fort Walton Beach, FL 192 Statistical Information City of Fort Walton Beach, FL 193 Statistical Information City of Fort Walton Beach, FL 194 Statistical Information FIVE-YEAR FINANCIAL FORECASTS General Fund Pro-Forma for Utilities Fund - 401 Adopted PROJECTED 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Service Fees - Water, resid 2,350,903 2,503,806 2,566,401 2,630,561 2,696,325 2,763,733 Service Fees - Sewer, resid 4,811,637 4,661,300 4,777,833 4,897,278 5,019,710 5,145,203 Service Fees - Water, comm 1,419,650 1,398,616 1,433,581 1,469,421 1,506,156 1,543,810 Service Fees - Sewer, comm 2,093,128 2,153,395 2,207,230 2,262,411 2,318,971 2,376,945 Connection Fees 48,506 264,176 266,818 269,486 272,181 274,903 Service Charges & Penalties 249,684 194,950 196,900 198,868 200,857 202,866 Operating Revenues 10,973,508 11,176,243 11,448,762 11,728,025 12,014,201 12,307,460 Interest & Other Revenues 147,491 88,576 90,348 92,154 93,998 95,878 Non-Operating Revenues 147,491 88,576 90,348 92,154 93,998 95,878 TOTAL REVENUES 11,120,999 11,264,818 11,539,110 11,820,180 12,108,198 12,403,338 Salaries 1,585,269 1,646,577 1,682,802 1,719,823 1,757,659 1,796,328 Salaries-Part-Time 14,094 15,100 15,432 15,772 16,119 16,473 Service/Incentive/Leave 108 1,137 1,137 1,137 1,137 1,137 Social Security & Medicare 108,068 111,800 114,036 116,317 118,643 121,016 Pension Contributions 358,999 315,410 318,564 321,750 324,967 328,217 DC Plan Contributions 43,291 51,229 51,741 52,259 52,781 53,309 Medical Insurance 315,867 338,695 355,630 373,411 392,082 411,686 Workers Compensation 48,056 48,469 49,196 49,934 50,683 51,443 Personal Services 2,473,752 2,528,417 2,588,538 2,650,402 2,714,071 2,779,609 Utilities 364,430 373,820 381,296 388,922 396,701 404,635 Repair and Maintenance 466,851 430,385 438,993 447,773 456,728 465,863 Fuel 43,105 35,904 36,263 36,626 36,992 37,362 Other Operating 3,225,316 4,240,818 4,325,634 4,412,147 4,500,390 4,590,398 Operating Expenses 4,099,702 5,080,927 5,182,187