Fort Walton Beach — Fiscal Year 2016 to 2017 CRA Budget

Community Redevelopment Agency Fund The Community Redevelopment Agency (CRA) Fund encompasses 4.5% of the City’s activities and services and accounts for funding derived from City of Fort Walton Beach and Okaloosa County Tax Increment Funding (TIF) — proceeds from increases in the taxable assessed value of the CRA District. The original CRA area was formed in 1980, with that being the base year for the purpose of determining the growth in assessed taxable value. In 1999 the CRA area was expanded to include an additional area. The TIF is determined by the growth in the assessed value of taxable property located in the CRA district from the base year to the current tax year and is multiplied by the current tax rate for the City and County. Expenditures in the CRA area target eliminating blight in residential and commercial areas. Revenue Highlights $2,000,000 Budget - 2018-19 $Change % Change $1,500,000 + Ad Valorem Taxes 1,139,801 49,587 4.5% Intergov’t Revenue 720,907 104,609 17% $1,000,000 - Interest & Other 32,457 0 0% Approp. from Reserves 0 0 0% $500,000 $1,893,165 $154,196 8.9% $0 7 T T T T Actual Actual Actual Budget Budget 2014-15 2015-16 2016-17 2017-18 2018-19 = Ad Valorem Taxes MIntergov't Revenue Interest & Other “Interfund Transfers ™ Appropriations e The budget is predicated on maintaining the City millage (Ad Valorem) rate at 5.7697 mills. One mill equals $1 per $1,000 of taxable property value. e County Ad Valorem tax proceeds are accounted for as intergovernmental revenues. The County’s millage rate is 3.4308 mills. Expenditure Highlights $2,000,000 5 $1,800,000 - Budget $1,600,000 - 2018-19 $Change % Change $1,400,000 - Personal Services 366,995 9,452 2.6% $1,200,000 - Operations & Maintenance 326,954 (84,627) (20.6)% soo 000 1 Replenish Reserves 1,024,881 504,417 100.0% $600,000 Interfund Transfer 174,335 (46) 0% $400,000 + Capital Outlay/Imprvmt 0 (275,000) (100.0)% $200,000 - $1,893,165 $154,196 8.9% $0 = T T r 7 Actual Actual Actual Budget Budget 2014-15 2015-16 2016-17 2017-18 2018-19 @ Personal Services ™ Operations & Maintenance = Capital Outlay/Imprvmt @ Interfund Transfers ™ Replenish Reserves e The decrease in operating expenses is due to the transfer of recurring expenses back into the General Fund, as more emphasis is placed on Capital Projects. e The decrease in capital outlay is due to the use of funds for prior year projects. e Reserves are being acquired to complete the Landing Park Improvements and the Gulfview Hotel renovations. 142 109 COMMUNITY REDEVELOPMENT AGENCY FUND Actual Budget 2017-18 2018-19 % 2014-15 2015-16 2016-17 Adopted Adopted Change 771,768 787,039 802,377 837,841 2000-311-1000 | Ad Valorem Taxes - City Original TIF 865,478 3.30% 203,526 230,503 234,074 252,373 2000-311-1100 | Ad Valorem Taxes - City Expanded TIF 274,323 8.70% $ 975,294 $ 1,017,542 $ 1,036,451 $ 1,090,214 Total Ad Valorem Taxes $ 1,139,801 4.55% 975,294 $ 1,017,542 $ 1,036,451 $ 1,090,214 TOTAL TAXES $ 1,139,801 455,807 468,029 476,794 477,112 2000-338-2000 | Ad Valorem Taxes - County Original TIF 553,733 16.06% 121,460 142,868 136,344 139,186 2000-338-2100 | Ad Valorem Taxes - County Expanded TIF 167,174 20.11% $ 577,266 $ 610,897 $ 613,139 $ 616,298 Total Local Shared Revenues $ 720,907 16.97% - - - - Prior Years Grants - 0.00% $ - § - § - § - Total Grants $ - 0.00% 577,266 613,139 616,298 TOTAL INTERGOVERNMENTAL REVENUE 720,907 16.97% 45,024 24,938 27,428 32,457 1500-361-1000 _—_ Interest Income 32,457 0.00% $ 45,024 $ 24,938 $ 27,428 $ 32,457 Total Interest Income $ 32,457 0.00% - 12,000 - 1500-362-1000 Rental and Lease Income - 0.00% $ - §$ 12,000 $ - § - Total Rents and Royalties $ - 0.00% $ - § - § - § . Total Other Revenues $ . 0.00% TOTAL INTEREST & OTHER REVENUES - - - - 1600-389-9100 Appropriation from Fund Balance - 0.00% $ - § - § - § - Total Non-Operating Sources $ . 0.00% $ - §$ - $ - $ : TOTAL TRANSFERS IN $ $ 1,597,584 $ 1,665,377 $ 1,677,018 $ 1,738,969 TOTAL FUND REVENUES $ 1,893,165 8.87% 109-Revenues 8/16/2018 10:25 AM 143 109 CRA FUND - 0800 POLICE 450,973 $ 456,033 $ 109-0800-Police 8/16/2018 10:20 AM 402,779 $ 357,543 144 TOTAL EXPENSES Actual Budget 2017-18 2018-19 % 2014-15 2015-16 2016-17 Adopted Change Personal Services: 5.00 5.00 5.00 5.00 Number of Employees (FTE's) 213,061 215,927 193,449 189,725 521-1200 Regular Salaries -100.00% 54 54 325 - 521-1201 Service Awards 0.00% 108 108 - 16,840 521-1202 Incentive Pay -100.00% 4778 5,761 13,786 9.481 521-1400 Salaries - Overtime -100.00% 10,014 8,944 8,215 8,146 521-1401 Salaries - Overtime Holiday Worked -100.00% 18,752 17,959 16,944 4,092 521-1501 Incentive Pay -100.00% 14,456 14,693 13,624 12,410 521-2100 FICA Taxes -100.00% 3,381 3,436 3,186 2,902 521-2101 Medicare -100.00% 74,737 71,395 62,741 79,905 521-2201 Retirement Contributions - Police Officers -100.00% 25,884 24,393 31,464 27,934 521-2300 Dental, Life & Health Insurance -100.00% 6,067 7,135 6,568 6,109 521-2400 Worker's Compensation -100.00% 42,945 52,210 51,151 - §21-1291/9; Salary Allocation Reimbursement to General Fund/Cl 0.00% 414,238 $ 422,015 $ 401,453 $ 357,543 Total Personal Services -100.00% Operating Expenses: 15,681 15,730 1,326 - 521-3100 Professional Services 0.00% 1,948 1,944 - - 521-4100 Communication Services 0.00% - - - 521-4300 Utilities 0.00% 1,035 1,304 - 521-4610 Maintenance Contracts 0.00% 4,483 3,505 - 21-4620 Vehicle Repair 0.00% 95 - - 521-4630 Equipment Repair 0.00% 105 - - 621-4700 Printing & Binding 0.00% 10 - - 621-5100 Office Supplies 0.00% 570 - - 521-5200 Operating Supplies 0.00% 11,350 10,510 - 521-5204 Fuel & Oil 0.00% 620 517 - 521-5210 Uniform Expense 0.00% 838 508 - 621-5213 Ammunition Expense 0.00% - - - 521-5231 Computer Hardware/Software 0.00% 36,735 $ 34,017 $ 1,326 $ - Total Operating Expenditures 0.00% Capital Outlay: - - - 621-6406 Specialized Equipment 0.00% - $ - §$ $ - Total Capital Outlay 0.00% -100.00% 109 CRA FUND - 2000 CRA Actual 2017-18 2014-15 2015-16 2016-17 Adopted 3.00 3.00 2.00 - 74,756 43,237 24,319 185 258 27 4,523 2,359 1,454 1,058 552 340 6,083 9,400 2,629 1,059 1,229 752 - 11,581 7,729 $ 91,338 68,997 §$ 37,444 § 96,815 91,942 225,862 4,515 3,682 - - 144,930 169,739 169,527 159,265 - 906 10,589 - 3,184 1,609 890 1,200 1,978 1,959 1,870 2,200 710 - - 700 132,854 125,274 118,689 107,324 6,005 4,974 3,030 - - - 825 - 863 243 669 1,000 582 177 574 600 15,831 40,444 36 - 1,923 280 - 15,000 - - - 175 1,363 786 575 - 203 - - 500 4811 11,493 2,163 8,950 2,684 1,728 1,881 2,242 94 130 115 150 766 1,154 1,750 4,500 271 135 80 400 92 28,937 19,850 78,370 1,997 1,600 1,450 2,415 2,645 790 - 1,590 832,058 563,362 - 25,000 11,850 364,159 9,774 1,112,144 - - $ 1,123,994 $ 364,159 $ 9774 § - 5,225 - 27,846 275,000 602,278 - - 109-2000-CRA 8/16/2018 10:23 AM 552-1200 562-1202 552-1400 562-1401 562-1501 552-2100 562-2101 562-2201 552-2300 552-2400 562-1291 552-3100 562-3101 552-3400 552-3450 552-4000 552-4100 552-4200 552-4300 552-4400 552-4610 552-4620 552-4630 552-4640 552-4800 562-4911 552-4915 552-5100 562-5200 552-5204 552-5210 562-5231 552-5233 552-5234 562-5250 552-5400 552-5500 552-8200 552-6310 522-6100 562-6355 552-6402 Personal Services: Number of Employees (FTE's) Regular Salaries Incentive Pay Salaries - Overtime Salaries - Overtime Holiday Worked Incentive FICA Taxes Medicare Retirement Contributions - Police Officers Dental, Life & Health Insurance Worker's Compensation Salary Allocation Reimb to General Fund Total Personal Services Operating Expenses: Professional Services Legal Services Other Services Other Services - Grounds Maintenance Travel and Per Diem Communication Services Postage Utilities Rentals & Leases Maintenance Contracts Vehicle Repair Equipment Repair Building Maintenance Promotional Activities Holiday Gift Certificates Legal Advertising Office Supplies Operating Supplies Fuel & Oil Uniform Expense Computer Hardware/Software Tools Safety Supplies/Equipment Operating Supplies - Grounds Maintenance Dues & Publications Training Non-Operating: Grants and Aids Total Operating Expenditures Capital Outlay: Improvements Other Than Buildings Land Landscaping/Irrigation Equipment Total Capital Outlay Capital Improvements Program: 5018 - Pavement Improvement 5607 - Streetscape Prior Years Capital Improvement Program Total Capital Improvements Program 145 Budget 2018-19 % Adopted Change 5.00 194,090 100.00% 10,834 100.00% 9,481 100.00% 8,146 100.00% 1,685 100.00% 11,914 100.00% 2,786 100.00% 71,259 100.00% 49,650 100.00% 7,150 100.00% - 100.00% $366,995 ~—-100.00% 0.00% - 0.00% 159,265 0.00% - 0.00% 1,200 0.00% - — -100.00% 700 0.00% 107,324 0.00% - 0.00% 0.00% -100.00% -100.00% - 0.00% 5,000 -~66.67% - — -100.00% 0.00% -100.00% -100.00% -100.00% -100.00% 0.00% -100.00% -100.00% - — -100.00% 2,415 0.00% 1,050 -33.96% 50,000 100.00% “$ 326,954 ~—--20.56% 0.00% 0.00% 0.00% - 0.00% CL) 0.00% -100.00% - 0.00% $= 00.00% 109 CRA FUND - 2000 CRA Actual Budget 2017-18 2018-19 % 2014-15 2015-16 2016-17 Adopted Adopted Change Other Financing Activity: 156,209 164,708 174,381 552-9901 Cost Allocation Reimbursement to General Fund 174,335 -0.03% - - 520,464 581-9999 Reserved - Undesignated Net Assets 1,024,881 96.92% $ 156209 $ 164708 § - § 694,845 Total Other Financing Activity $ 1,199,216 12.59% $ 3,230,992 $ 1,682,875 $ 607,643 $ 1,381,424 TOTAL EXPENSES $ 1,893,165 8.00 8.00 8.00 8.00 Number of Funded Employees (FTE's) 10.00 25.00% 456,033 456,033 456,033 357,543 Police - =100.00% 3,230,992 1,682,875 607,643 1,381,426 CRA 1,893,165 37.04% $ 3,687,025 $ 2,138,908 $ 1,063,676 $ 1,738,969 TOTAL FUND EXPENSES $ 1,893,165 $ (2,058,108) $ (509,991) $ 565,241 $ (53,763) NET REVENUE / (EXPENSE) 109-2000-CRA 8/16/2018 10:23 AM 146 COMMUNITY REDEVELOPMENT AREA (CRA) Share of City Budget $1,893,165, DESCRIPTION 4.3% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area. MISSION Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual YTD thru 06/30 Budget CURRENT GOALS, OBJECTIVES, & METRICS (FY19) 2014-15 2015-16 2016-17 2017-18 2017-18 : 2018-19 Attract & Retain Businesses in the Target Area New Businesses in the CRA 32 29 20 17 30 30 Square Footage of Business Expansions in the CRA 10,694 5,915 14,399 1,985 15,000 15,000 Businesses Approved for Economic Incentive Grants 15 16 8 0 15 n/a Value of Economic Incentive Grants Provided to New or Expanding Businesses $168,950 $978,389 $112,361 $0 $100,000 n/a Private Investment Leveraged as a Result of Incentive Grants $838,261 $29,474,483 $7,298,383 $0 $1,000,000 n/a Grant Applications Approved within Two Weeks 23% 0% 8% 0% 715% n/a Attract & Retain Residents in the Target Area New Housing Units in the CRA 7 0 0 1 10 10 ¥ Develop long-term (5-year and 10-year) capital improvements project list for the CRA District. ¥ Complete phases 1 & 2 of the Carson & Third stormwater & streetscape project. ¥ Complete at least 1 new public parking area in the CRA. Y Begin Phase I of Landing Master Plan for improvements to Fort Walton Landing Park. v Create new public parking maps for the downtown district; update signage in CRA, and provide a new downtown "gateway." FUTURE GOALS (FY20 & FY21) Y Develop ways to increase the quantity of and access to public parking in the CRA. v Encourage private reinvestment through public improvements in the CRA. Y Continue multi-modal improvements in the CRA. ¥ Continue improvements to Fort Walton Landing Park as outlined in Landing Master Plan. PRIOR YEAR ACCOMPLISHMENTS (FY18) Y Completed public parking and streetscape improvements at 240 Miracle Strip Pkwy SE. ¥ Approved 8 business incentive grant applications, $6.6M in total private funds leveraged for $112K spent in public funds. ¥Y Continued CRA Grounds Maintenance Contract to ensure that the district is clean and continually maintained. Y Prepared Downtown Master Plan for 1, 5, & 10 year vision for the future of Downtown. 147