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

to a new stormwater increase $ 424K. Of this increase, $ 373K is due to the management fee which is proposed at $ 3 /month per requirement to record state pension contributions as a equivalent residential unit to fund compliance with pass- through expense ( with the corresponding revenue Federal and State stormwater regulations. offset). Per the collective bargaining agreement, firefighters will receive a 5% cost of living adjustment on Property Taxes will decrease for most Floridians as a October 1 and a 7. 12% increase on their anniversary result of limitations in local government millage rates and date pending a satisfactory performance evaluation. additional exemptions. Property taxes, theM °: y second largest source of revenue at $ 5. 5M Capital Purchases including computer, or 15% of revenues, will decrease $ 409K vehicle and equipment re lacements as despite maintaining the millage rate at 4. 1986. well as facility and infrastructure renovations and repairs are $ 351 K or 12% less than the Other Taxes total $ 4. 3M and are the third largest prior year due to budget constraints. revenue source at 12 %. Including fuel tax, utility taxes, communication services tax, and business tax receipts, Reserves are anticipated to increase as revenues in this revenue is anticipated to increase due the Utilities and Golf Fund are budgeted to to removal of the $ 20 /mo. residential & n exceed expenses. Futhermore, a $ 178K 50 /mo. non -residential cap and transfer from the General Fund is 50kwh /mo. residential exemption, which are improper budgeted as part of a two -year plan to clear out the Golf according to the Attorney General. Fund' s negative equity in pooled cash. BUDGETBUDGET SUMMARYSUMMARY FYFY 20082008 - - 0909 FYFY 20072007 - - 0808 VarianceVariance VarianceVariance General Fund 19, 031, 763 19, 500, 029 468,468, 266>266> 2. 4 %> Law Enf. Trust Fund 38,38, 943943 44,44, 815815 5,5, 872>872> 13. 1%> LawLaw Enf.Enf. TrainingTraining FundFund 46, 782 50,50, 799799 4,4, 017>017> 7.7. 99%>%> CDBGCDBG FundFund 141,141, 275275 148,148, 027027 6,6, 752>752> 4.4. 66%>%> CRACRA FundFund 1,1, 894,894, 343343 1,1, 796,796, 835835 97,97, 508508 5.5. 4% 4% DebtDebt ServiceService FundFund 415, 724 441,441, 405405 25,25, 681681 > > 5.5. 88%>%> UtilitiesUtilities FundFund 7,7, 625,625, 241241 8,8, 097,097, 229229 471, 987> 5.5. 8%8% SanitationSanitation FundFund 3,3, 762,762, 381381 3, 922, 132 159,159, 751>751> 4.4. 11%>%> GolfGolf FundFund 2,2, 696,696, 370370 2,2, 540,540, 022022 156, 348 6. 2% StormwaterStormwater FundFund 594,594, 000000 594,594, 000>000> 100. 0% Beal Memorial Fund 70,70, 163163 69, 375 788 1.1. 1%1% GRANDGRAND TOTALTOTAL 36,36, 316,316, 985985 36,36, 610,610, 668668 293,293, 683>683> 0. 8 %> CityCity ofof FortFort WaltonWalton Beach,Beach, FLFL 18-18- Executive Budget Summary Operating Budget Utility Services includes the production and distribution of drinking water, collection and 34934S9So4 treatment of wastewater, and management 10 of stormwater and environmental issues. Engineering and street maintenance is also managed through this functional area to ensure coordination betweeen construction projects. 6 NCO 4 Capital Improvements Budget 199659181 1, 200 General Public Safety Recreation Public Utility Debt Service Gov't Services Services Services 1, 000 The FY 2008 -09 Operating Budget is categorized into the City's major service areas. 800 N General Government is comprised of the 600 City City Manager, Human Council, O Resources, City Clerk, Finance, Information 400 Technology, and Purchasing. These groups either shape overall City policy and /or provide guidance 200 and assistance to other departments and the public. Public Safety includes the police and fire Public Recreatiorfacilities CRA CRA Streets Water Sewer Storrs Water departments. The Police Department is Safety resid comm responsible for patrol,