Fort Walton Beach Council agenda — 03-27-12 regular — reading text

1, 725 10, 480 2, 129 13. 349 1, 996 15, 748 3, 834 18, 577 3, 711 Nn Total Liabilities 6,973 6, 953 12609 15, 335 19, 582 22. 288 NetInvested Assetsin Capital 41, 795 Net ofRelated Debt 24.757 25, 514 17, 038 18, 928 44, 442 Restricted 4. 830 2, 738 267 543 5, 097 3, 291 Unrestricted 11666 12, 576 6, 860 6, 792 19. 526 14368 Total Net Assets 42, 253 ll 40, 828 $ 24, 165 26, 263 66. 418 67, 091 RestatedRestated toto includeinclude Community Community RedevelopmentRedevelopment SpecialSpecial RevenueRevenue Fund.Fund. TheThe overalloverall decrease decrease inin thethe City'City' ss netnet assetsassets waswas $ $ 673,673, 480480 duringduring thethe fiscalfiscal year.year. TheThe governmentalgovernmental activitiesactivities experiencedexperienced anan increase,increase, primarilyprimarily relatedrelated toto increasedincreased fiscalfiscal controlcontrol ofof expendituresexpenditures duedue toto thethe recessionaryrecessionary economy,economy, includingincluding thethe eliminationelimination ofof 1717 positions positions andand thethe reductionreduction inin hourshours forfor 1111 positions,positions, thethe additionaddition ofof thethe 20112011 RevenueRevenue NoteNote forfor thethe purchasepurchase ofof aa firefire engineengine andand miscellaneousmiscellaneous golfgolf equipment,equipment, thethe savingssavings ofof whichwhich waswas partiallypartially offsetoffset byby reducedreduced revenuerevenue duedue toto thethe priorprior yearyear salesale ofof propertyproperty toto WasteWaste Management.Management. TheThe businessbusiness activitiesactivities experiencedexperienced aa decrease decrease duedue primarilyprimarily toto aa changechange inin estimateestimate forfor thethe depreciationdepreciation onon aa previouslypreviously purchased purchased forceforce mainmain andand rere- - useuse waterwater filtrationfiltration system.system. TheThe detailsdetails relatedrelated toto thisthis decreasedecrease areare analyzed analyzed furtherfurther inin thethe FinancialFinancial ImpactsImpacts sectionsection ofof thisthis discussion.discussion. PacketPacket Pg.Pg. 4444  F61. Reported in Table 2 are the key elements of the decrease in net assets for the current year. Table 2 Gmernmental Activities Business- Type Activities Total Activities 2011 E010• 2011 zmo 2011 2010' R-Program mmis Revenues: Charges for services 5 1906, 023 S 4, 008506 S 13, 454. 454 S 12, 668, 076 S 17, 360, 477 S 16, 676582 761fi43 742, 819 119, 226 879, 869 742, 819 Operating Grants & COntribmine, Capital Grants and Cmedbmlons 351, 006 804, 715 65, 496 173, 370 416, 502 978. 385 General Revenue: Prepenic Taxcs 4482, 819 4, 380, 221 4. 482, 819 4380, 221 Other Taxes 5, 993, 764 5, 85 7, 699 5993, 764 5. 857, 699 1as Increments for RNCvet scient 1, 547, 609 1, 698, 421 1, 542609 1, 698, 421 Other Revenue 1, 071, 980 2. 198, 161 173, 289 436, 522 1, 245, 269 2, 634, 693 Total Revenues 18, 114, 844 19, 690,542 11811, 465 13277, 968 31, 926, 3119 32, 968. 510 Expenses Primary Gasernment General Govemerent 3, 765536 6, 261, 147 3. 765536 6, 261, 147 Public safe!, 9206384 9, 231, 632 9206, 784 9, 231, 632 Ph- mal Environment 393, 752 304, 907 393. 752 304, 907 Tme" uni Lion L570, 038 1, 543210 1, 570, 038 1 543, 310 Economic Devrnpmcnt 545, 242 98, 996 545. 242 98, 996 Culture & Recreation 2, 677. 051 2. 944. 221 2, 677, 051 2, 944. 221 214, 470 240, 940 214, 470 240, 940 Debt service true,resc Business -Type Arai ifics Und cs 9, 162, 926 6, 72949 9, 162, 926 6. 725949 Sanitation 2, 524, 994 2466, 881 2, 524, 994 2, 466, 881 Gulf 2, 199453 2203, 739 2, 199. 453 2203, 739 Other 339, 543 374951 339, 543 374, 951 Total Expenses 18372873 20, 625, 153 14226, 916 11, 770, 920 32599. 789 32, 396, 073 1im- re ( Demene) in Net Amcm betbrc Transfers 258, 029) 934611) 415. 451) 1507,048 673480) 572, 437 1 ransPoss 1, 582, 717 1, 667, 644 1. 682, 717 ) 1, 667, 644) Increase mormase) in Net ASSeb 1, 424. 688 733, 033 2, 098, 169) 160, 596) 673. 480) 572, 437 Net Assets 10/ 01/ 10 40, 929, 370 40, 095, 338 2, 262, 860 26. 423. 455 67, 091230 66, 518793 NPIA,, eb- 09/ 30/ 11 S 42, 257058 S 40, 828, 370 24, 164, 692 S 26, 262, 860 S 6E41 7, 750 T 67, 091, 230 RestatedRestated toto includeinclude Community Community RedevelopmentRedevelopment SpecialSpecial RevenueRevenue Fund,Fund, CurrentCurrent YearYear ImpactsImpacts - - GovernmentalGovernmental Activities Activities Governmental Governmental activitiesactivities increasedincreased thethe City'City' ss netnet assetsassets byby SIASIA millionmillion forfor thethe fiscalfiscal yearyear endedended SeptemberSeptember 30,30,