Fort Walton Beach Council agenda — 08-18-08 special agenda - budget — reading text

Quality of Life Services a. Volunteer development —>museum staffing reduced 1. 03 FTE, but museum hours will remain the same due to volunteers Economic Development a. Continue 50/ 50 residential /commerical split for CRA —> focus this year is downtown with parking garage and streetscape projects, though funding is also allocated to Beal Parkway neighborhood Financial Viability a. Analyze purchasing options —> purchasing division reduced from 5 employees to 3 Proactive Growth Management n/ a 8. Certain capital improvement projects, grants, and /or purchases that were authorized, budgeted, and appropriated by City Council in a prior fiscal year but are incomplete as of September 30 are carried forward into the new fiscal year. These special projects and purchase order encumbrances are identified in the budget resolution at the end of the document. City of Fort Walton Beach, FL 16- ; i City Manager' s Budget Message GENERAL FUND ALTERNATIVES The General Fund budget as prepared is balanced with no appropriation from undesignated fund balance for operational expenditures. At the May Budget Policy Meeting, Council endorsed maintaining a minimum unreserved /undesignated fund balance of 30% of total annual expenditures. As currently budgeted, reserves will be 35. 8% of total General Fund expenses at the end of FY 2008 -09. This budget includes minimal capital outlay and capital improvements. Shown below are possible budget changes and " add- backs" if Council wishes to use reserves Staff recommends using reserves for one -time, non- recurring expenses. 385, 000 Utility Tax Cap /Exemption - maintain $ 20 /mo resid & $ 50 /mo non -resid cap and 50kwh /mo residential exemption 160, 000 4% COLA (General Fund portion only; 2% is budgeted) d T,(< J'-$ 96, 480 2 Police Officers A 73, 463 Fire Prevention Captain (public education programs) " 1 '" 69, 260 Maintain Library Hours 21, 758 Overtime /In -Kind for Special Events - Dog Daze, Musical Echoes, Billy Bowlegs 4 0, 0 0 0 2 Police Ca rs 25, 000 Street Paving (additional funds; $ 75K is budgeted) 15, 000 Right -of -Way Truck ((,, 7 12 ,000 Facilities Truck -, I qi r _ 4th e/ &— 10, 000 of July Fireworks (additional funding; $ 10K is budgeted) a-.* / 1 AWARDS & ACKNOWLEDGEMENTS The City received the Government Finance Officers Association' s ( GFOA) Distinguished Budget Presentation Award for its annual Budget dated October 1, 2007. This was the twelfth consecutive year that the City received this prestigious award. Preparation of this budget would not have been possible without the efficient and dedicated services of Finance Director Brandy Wunker, Budget & Grants Manager Charlotte Dunworth, and Executive Assistant Carole Jones. I would like to express my appreciation to all Department Directors and staff who assisted and contributed to the preparation of this budget. I would also like to thank the Mayor and City Council for their unfailing support for maintaining the highest standards of professionalism in the management of the City of Fort Walton Beach' s finances and for their attention in conducting the financial operations of the City in a responsible and progressive manner. Respectfully submitted, Joyc n ty anager City of Fort Walton Beach, FL 17-  Executive Budget Summary It is the Mission of the City of Fort Walton Beach to be a leader among cities and in the region at large in delivering outstanding quality services to all citizens through innovative and efficient use of resources. Where the Money Comes From... And Where the Money Goes Budgeted Revenues: $ 36, 316,985 Budgeted Expenditures: $ 36, 316, 985 Recreation, Capital State Revenue Culture & Sharing, Intergovt, Cemetery, & Other Recreation Improvements Fines, Forfeitures, Water & Sewer InterfundToransfers 2 5% Economic 5, 5% etc. & 121% Other Fees Fees 11. 0 /o Development Capital Outlay 7.2 / 0 l 0. 8% 19. 3% 3. 3% \ 1. 4% I Debt Service 5. 2% Garbage Fees Licenses & Permitsp..>;.. w, v 9. 7% Transportation Contingencies & 6 a' 5. 8% 41"/ Reserves Other Taxes 11. 9% Physical Golf Club Fees Environment 6. 6% 19. 8% Ad Valorem Taxes General 15.2% Government Storm Water Interfund Transfers Public Safety 12. 4% Reserves Interest & Misc. 1. 7% 23. 4% Other 1. 4% 5. 2% 12. 7% User Fees are the largest source of revenue - 40% - for Public Safety includes the police and fire departments the City and generate $ 14.4M. Unlike taxes, these and comprises the largest expense to the City at $ 8. 5M charges are directly related to the service received and or 24 %. Despite eliminating one police are collected for recreation & golf activities, to -° captain and two police officers, and water and sewer services, and garbage freezing /not funding the fire prevention collection. The increase in this category of captain, public safety expense will revenue is attributable