Fort Walton Beach Resolution — 2024-15 Adopting Budget FY 2024-25 — reading text

RESOLUTION 2024- 15 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA, ADOPTING THE BUDGET FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS FOR THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; AND PROVIDING AN EFFECTIVE DATE WHEREAS, each fiscal year, the City is required to adopt a budget for the operation of the City government; and WHEREAS, the City held a public FY 2024- 25 tentative millage rate meeting on June 25, 2024 and a public Budget Workshop on August 12, 2024 to discuss the FY 2024- 25 budget. The City held public budget hearings on September 10, 2024 and September 24, 2024 to formally adopt the FY 2024- 25 comprehensive budget as required by Section 200.065 of the Florida Statutes; and WHEREAS, the document entitled " City of Fort Walton Beach FY 2024- 25 Budget" comprises the total amount of $60, 558, 326 for all funds reported; and WHEREAS, it is the desire for the City Council for the City of Fort Walton Beach, Florida to adopt a final budget for the fiscal year beginning October 1, 2024 and ending September 30, 2025. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: Section 1. Adoption of Budget The City Council hereby approves and adopts the final FY 2024- 25 budget for the City of Fort Walton Beach, Florida entitled " City of Fort Walton Beach FY 2024-25 Budget' which comprises the total amount of $60, 558, 326 for all funds reported. The budget is being presented as a balanced budget whereby there are sufficient revenues to offset all estimated expenditures or expenses. All budget appropriations are based upon the total expenditures and/ or expenses even though the budget has been prepared based on line items and summarized to a categorical level. Section 2. Budget Amendments a. The City Council may make any amendments to the adopted budget, by resolution, as it may deem necessary and proper. b. Budget amendments requesting additional expenditures or expenses must also identify the corresponding funding source. Section 3. Budget Transfers Budget transfers shall be accomplished pursuant to Administrative Policy FIN -13 as provided by Resolution 2011- 19 adopted by the City Council on August 16, 2011. Section 4. Debt Service a. Debt service for the General Fund will be paid from operating revenues from the General Fund. b. Debt service for the Utilities, Sanitation and Stormwater Enterprise Funds will be paid from operating revenues from the Enterprise Funds.  RESOLUTION 2024- 15 Section 5. Carryovers a. Projects that were not completed during the prior fiscal year are carried forward and are funded with the corresponding carryover appropriations of the prior year. These are commitments anticipated to be incomplete as of September 30, 2024 and will be continued and made a part of the FY 2024-25 budget. The document entitled " City of Fort Walton Beach FY 2024- 25 Grant & CIP Project Carryovers" dated September 24, 2024 comprises the total amount of $13, 425, 702 for all funds reported. b. Encumbrances ( open purchase orders) that were not completed during the prior fiscal year are carried forward and are funded with the corresponding carryover appropriations of the prior year. These are commitments anticipated to be incomplete as of September 30, 2024 and will be continued and made a part of the FY 2024- 25 budget. The document entitled " City of Fort Walton Beach FY 2024- 25 Encumbrance Carryovers" dated September 24, 2024 comprises the total amount of $10, 620, 662. 56 for all funds reported. Section 6. Effective Date This resolution shall become effective on and after October 1, 2024. r Adopted: ay o34 Q 74, -- Richard A. Rynearson, ayor Attest: Approv d as to legal form and sufficiency for the ' ity 9( Fort Walton Beach, only. Kim V.Barnes, City Clerk s, City Attorney  FY 2024-2S Special Project Carryovers CITY OF FORT WALTON BEACH FY 2024- 25 Grant & CIP Project Carryovers Council Meeting 9124 1024 Preston Hood Athletic Complex Expansion TBD 8. 062, 107 Preston Hood Athletic Complex Expansion 10% Change Orders TBD 806, 210 Liza Jackson Park Improvements 001- 1498. 552-3100 15, 861 Landing Improvements - Phase 2 - Restore Ad 001- 5352. 572. 6310 1, 070, 024 Landing Improvements - Phase 2 - TDC 001- 5352. 572. 6310 500, 000 Port Security Boal Cover Grant 001- 1591. 522- 6406 57, 921 001. 1499- 522- 6406 19, 307 Intersection &. Pedestrian Improvements 001- 1499- 541- 6351 86. 973 Tree Mitigation 001. 1205. 515. 5250 73. 880 General Fund I , r W Rehabilitation of Housing 107. 1910. 554- 3400 51, 809 906irorksProject90 107. 1940. 554. 5265 8, 100 OK County Head Start 107- 1950. 554- 5253 20, 000 Elder Smicos of Okaloosa County 107- 1940- 554- 5257 18309 Greater Peace MB Church 107. 1940. 554- 5254 6,652 CDBG Fund 104, 870 Marilyn Craven - Beal Apartments 109-2000-552. 8200 8, 202 Ben Merrell - Merrell Properties 109- 2000. 552. 8200 1, 900 109- 2000-552- 8200 10, 000 Dewey Destin Enterprisen - Pink Coyote Warren Hill - SFR -Demo (PR requested) 109- 2000. 552- 8200 4, 500 109. 2000. 552. 8200 10. 000 Board of Directors- Camp Walton Village Condo 109- 2000-552- 8200 1500 Danica Connell - Camp Brooks, LLC Matthew Minnix - Thick Cookie Co 109. 2000. 552. 8200 7. 829 109. 2000-552. 8200 7, 925 Doug Wagner - Emerald Air Services, LLC Dumpster Enclosure - 128 1 st Street SE 109. 2000. 552. 6310 5. 779 109. 5608- 541. 6351 65, 000 Wayfiinding 109- 2000-552. 6310 148, 724 CRA - Library Park - CPTED CRA - Improvements other than bldg - CPTED Projects 109- 5352- 572. 6310 49, 664 CRA Fund ConstltantUtilityTaskOrders- ProfessionalSe•vices 401- 1300- 536- 3100 94. 848 UCMR Testing Required by USEPA 401. 1310- 533- 3100 13, 113 Potable Well No. 3 Rehabililialion 401- 5026-533- 6362 425, 716 WaterLine, Replacement- BeachviewDrfront Bentley DrtoMarshall Dr 401- 5056- 5336360 40. 000 WaterLineReplacement- Moriarty St from Meadowlark Rd Hummingbird P 401. 5056. 533- 6360 9, 624 Brooks Bridge Water Relocation 401- 5062. 536- 6360 348,445 Sewer System Grouting & Lining 401- 5032- 535- 6361 102, 188 Construction New Lift Station N2 401- 5048. 535. 6310 301. 356 Brooks Bridge Sewer Relocation 401- 5062. 536-6361 518, 043 Computer Replacement 401- 1500- 536- 5231 4, 391 Compute Replacement - Replace Intranet GIS Server 401- 1500. 536. 6420 12, 385 Lltllltles Fund Cons ltanl Task Orders - Professional Services 405- 1380- 538-3100 134, 302