POPULAR ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2019

ON THE HORIZONOKALOOSA COUNTY CLERK OF COURT

MESSAGE FROM THE CLERK 1

ABOUT THIS REPORT 2

COUNTY GOVERNMENT 3

DEMOGRAPHICS 7

COUNTY INITIATIVES 11

ABOUT THE CLERK 13

INSPECTOR GENERAL 15

FINANCIAL STATEMENTS 19

2020 CALENDAR 25

TABLE OF CONTENTS

Dear Friends & Neighbors,

As I write this, we are experiencing unprecedented times throughout our nation and our communities. We are all doing our part to minimize the impact of COVID-19 on our county and our state, and the Okaloosa County Clerk and Comptroller Office is no different. During this crisis I have observed a few important things. The members of our office along with those at the county offices have stepped up to this challenge without hesitation. The medical professionals, law enforcement, fire services, and our emergency medical crews

continue to serve heroically on the front line every day. They put their safety on the line to serve our citizens, and our county is blessed by their commitment. I am sure you will join me when it is time to show our appreciation to all the essential workers in our community that worked to keep us safe and sustained during this pandemic. One of the many ways we educate citizens about public finances is through this annual publication. As your independently elected Clerk & Comptroller for Okaloosa County, my responsibilities include serving as the County’s Lead Financial Officer, Auditor, and Treasurer. I remain committed to examining how your tax dollars are spent, educating the public about Clerk and County financial matters and promoting transparency and accountability in your County government. Our team of skilled finance professionals annually reviews an array of data that measure the financial strength of the Okaloosa County government. In addition to examining the amount of tax money collected and spent, the team evaluates other important metrics that affect our County’s fiscal well-being, such as housing prices and employment rates. This report on County Finances provides highlights on the County budget, information about your property taxes and County demographics. It is one of the many useful financial publications available on our website. For a more in-depth view of County finances, please review our Comprehensive Annual Financial Report, which serves as the basis for much of the information you’ll find in this edition of this report. It is my honor and privilege to serve as your Clerk & Comptroller. Thank you for taking the time to read this report and for having an interest in how your tax dollars are spent.

Best Regards,JD Peacock II

MESSAGE FROM THE CLERK

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ABOUT THIS REPORTMost of the information contained in this report derived from Okaloosa County’s CAFR. The CAFR contains detailed and audited financial information. Information in the Okaloosa County's Popular Annual Financial Report is summarized and thus does not provide financial information for all funds nor conform to GAAP reporting requirements for government agencies. This report is designed to give non-financial readers information in an understandable way. For a more in-depth and audited review of financial statements please view the Okaloosa County CAFR available at www.okaloosaclerk.com.

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Citizens of Okaloosa County

Board of County Commissioners

Clerk of the Circuit Court Sheriff

Property Appraiser Tax Collector Supervisor of

Elections

State of Florida

Okaloosa County

COUNTY GOVERNMENT

Larry AshleySheriff

CONSTITUTIONAL OFFICERS

JD PeacockClerk of Circuit Court

Mack BusbeeProperty Appraiser

Paul LuxSupervisor of Elections

Ben AndersonTax Collector

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BOARD OF COUNTY COMMISSIONERS

Graham FountainDistrict 1

Carolyn KetchelDistrict 2

Nathan BoylesDistrict 3

Trey GoodwinDistrict 4

Kelly WindesDistrict 5

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OKALOOSA COUNTY

Okaloosa County became the 52nd county in Florida in 1915, created from parts of Santa Rosa and Walton Counties. Okaloosa County Government was created to be responsive to citizens in providing an appropriate level of accessible services on a cost effective basis. Critical county values include the following: continual improvement of infrastructure, health, safety, and well-being of the citizens, preservation of natural resources, responsible economic development, leadership, and stewardship.

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LOCAL MUNICIPALITIES

The Town of Cinco Bayou Cinco Bayou was founded in July of 1950. During the 1950s, the town became a residential community supporting the increased activities at Eglin Air Force Base and the expanding commercial and tourist enterprises of the Fort Walton Beach area. The town currently has a population of 438 residents.

The City of Mary EstherThe City of Mary Esther is noted as one of the first areas settled in this part of Northwest Florida. It was named after the two daughters of John Newton, a teacher and minister who was one of the first settlers of the area.

The Town of ShalimarShalimar began as a community to house military officers in the mid 1940’s. It was incorporated in June of 1947 in response to a state law that prohibited clubs in unincorporated areas from staying open from midnight Saturday until Monday morning. The opening of the Shalimar Club became known as “the social event of 1947”.

The City of ValparaisoValparaiso was created in 1921 by a Chicago businessman named John B. Perrine. The name is translated form Spanish to mean Vale of Paradise. The city is interlaced with Eglin Air Force Base with over 500 residents residing on the base itself.

The City of CrestviewThe city of Crestview is the county seat of Okaloosa County. It is now known as the "Hub City", because of the convergence of Interstate 10, State Road 85, U.S. Highway 90, and the Florida Gulf and Atlantic Railroad.

The City of DestinDestin is known for its white beaches and emerald green waters. Originating as a small fishing village, it is now a popular tourist destination. It is known as “The World’s Luckiest Fishing Village” and claims to have the largest fishing vessel fleet in the state of Florida.

The City of Fort Walton BeachOriginally known as Camp Walton during the American Civil War, Fort Walton Beach eventually evolved into a resort and yachting center. In 1937, it became a municipality and was renamed Fort Walton. In 1953, it was renamed the City of Fort Walton Beach in an effort to highlight it as a growing tourist destination.

The City of NicevilleLocated on Boggy Bayou, which opens into Choctawhatchee Bay, Niceville Florida was originally called Boggy, Florida. It was part of Walton County until Okaloosa County was formed in 1915.

The City of Laurel HillLaurel Hill was the largest community in the newly created Okaloosa County in 1915, however, it lost out to become the Okaloosa county seat to the more centrally located city of Crestview.

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DEMOGRAPHICS

The personal income per capita for Okaloosa County was $48,875 in 2018

The Okaloosa County School District serves 27,000 students from pre-kindergarten to adult education

INCOME

In 2019, 4,957 single family homes were purchased at a median sale price of $239,000

HOUSING

EDUCATION

2.3%

UNEMPLOYMENT

Unemployment in Okaloosa County was 2.3% in 2019

$48,875

$239,000

COUNTY BUDGET

$MEDIAN AGE

The median age of residents in Okaloosa County is 36.8 years old

36.8

The County Budget for Fiscal Year 2019 was $592,415,476 $592 M

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COMPANY NUMBER EMPLOYED

Okaloosa County School District 5,070

Fort Walton Beach Medical Center 1,518

Walmart 1,353

Northwest Florida State College 1,005

Okaloosa County Board of County Commissioners 926

Reliance Test and Technology 724

Sierra Nevada 700

Lockheed Martin 675

North Okaloosa Medical Center 652

2011 2012 2013 2014 2015 2016 2017 2018 2019

210,738

198,152195,488192,925191,898190,666188,349187,280181,679

TOP PUBLIC AND PRIVATE SECTOR EMPLOYERS

POPULATION

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Military activity in Okaloosa County has long been a major contributor to the local economy. The three military installations located in the county generate additional employment by attracting defense contacting firms to the area. Okaloosa County is home to the largest military installation in the Department of Defense; Eglin Air Force Base.  The defense-related spending in the County creates employment and investments and continues to multiply as it circulates throughout the region’s economy.

MILITARY PRESENCE

Eglin Air Force BaseEglin Air Force Base is the world’s largest Air Force installation and is the headquarters of the Air Force Special Operations Command (AFSOC). Eglin is responsible for the development, acquisition, testing, deployment and sustainment of all air-delivered non-nuclear weapons.

Hurlburt FieldHurlburt Field occupies approximately 6,000 acres in Okaloosa County and is the headquarters of the Air Force Special Operations Command. Hurlburt is also known to be the base with the most deployed personnel.

Duke Field Also known as Eglin AFB Auxiliary Field #3, Duke Field is a military airfield located south of Crestview, Florida. Duke Field is primarily an Air Force Reserve Command (AFRC) installation and home to the 919th Special Operations Wing.

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TOURISM INDUSTRY

Okaloosa County is well known for the long stretches of white sandy beaches. Visitors come year round to enjoy the emerald blue waters and to participate in world class fishing and boating.

Tourism is the leading private income producing source for Okaloosa County. Direct visitor spending exceeds $2.5 billion annually and employs over 33,000 in tourism related businesses, comprising 42% of employment in the county. The tourism industry generates nearly $918 million in tax revenue per year. Over five million people come to Okaloosa County as tourists annually. The Tourist Development Department has also begun investing in alternative trip highlights for visitors, such as artificial diving reefs, lionfish tournaments, and ecological tourism in the northern reaches of Okaloosa County as a way to diversify our destination portfolio.

Destin-Fort Walton Beach Airport has been named one of the fastest growing airports in the United States. Since 2016, the airport has gone from offering 5 destinations to 41. The airport is currently undergoing a 33 m i l l i o n d o l l a r e x p a n s i o n a n d improvement plan which includes additional parking, concourse and airplane apron expansions.

The Emerald Coast Convention Center was upgraded in 2019 with new flooring, sprinkler system, and AV improvements. The convention center is funded by the third and fourth cents of the tourist development tax on short term rentals, as well as by revenues generated by functions held at the convention center.

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COUNTY INITIATIVES

GENERAL GOVERNMENT INITIATIVES The new County Courthouse in Crestview opened at the start of the fiscal year. The $22 million project emphasized the Board of County Commissioners commitment to the development and revitalization of the Hub City. County residents voted in favor of the local option half-cent sales tax in November 2018. A task force was created to come up with a list of infrastructure improvement projects that will be funded through this new tax. Included in this list, is the much anticipated and needed bypass route around the City of Crestview. This bypass will reduce the high volume of traffic headed into the Crestview area from points south, including Eglin Air Force Base. The county also earned a $64.1 million award from the Triumph Gulf Coast Corporation. The award, which received its money from a settlement with BP after the 2008 Deepwater Horizon Spill, will fund about a third of the project’s total cost. During fiscal year 2019, $35.9 million was spent on general government initiatives, which was around 15.2% of overall spending.

PUBLIC SAFETY INITIATIVES The county returned to a previously successful Public Safety business model, allowing Public Safety (Emergency Management, Emergency Medical Services and Beach Safety) and the Department of Corrections to function as independent departments. The County Corrections Department and County Jail continue to deal with population growth, while trying their best to mitigate those increases and study future impact. The Sheriff was active and involved in many of these public safety initiatives throughout the year from a capital and operational perspective. The county spent approximately $68.6 million on public safety initiatives, equating to roughly 29% of overall spending.

TRANSPORTATION INITIATIVESTransportation needs continue to be an area of vital importance to both the citizens and elected officials of the county. The Destin-Fort Walton Beach Airport, along with the General Aviation Airports in Destin and in Crestview at Bob Sikes, continued to enhance all facets of the aviation activity with significant growth throughout the year. Recent FL Department of Transportation (FDOT) economic impact studies detail over $1.7 billion in economic impact generated from Okaloosa County’s three airport system. The US Department of Transportation and FDOT funded projects related to facility and security improvements at the Destin-Fort Walton Beach Airport, including renovation of taxiways, a new chiller system, expansion of the fuel farm, new high mast lighting at Bob Sikes Airport, and new master plans for all three airports. $18.7 million was spent on transportation initiatives, or 7.9% of total spending.

HUMAN SERVICE INITIATIVESFunding for human services goes towards mosquito control, animal welfare, Medicaid, elder services, day care services, mental health services, and court-related child protection services. These activities, particularly state aid for Medicare and Medicaid, account for well over half of the dollars spent in this particular functional category. Mosquito control, which covers 418,000 acres, funding is supplemented by grant funding which aides in management of Zika control initiatives. A total of $5.3 million was spent on human service initiatives, equating to 2.2% of overall spending.

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ECONOMIC ENVIRONMENT INITIATIVESThe economy of the county relates mainly to tourism and the military. The Tourism Development Council continues to emphasize tourism marketing in order to attract visitors to Okaloosa County throughout the year. Financial assistance to countywide citizens in the form of housing assistance through the Community Development Corporation and assistance related to the many veterans located in the area also are included in Economic Environmental initiatives. Community Redevelopment agencies in several cities within the county utilize portions of Ad Valorem Tax dollars to enhance economic development in those designated areas. The county spent $7.6 million on economic environment initiatives or 3.2% of total spending.

CULTURE/RECREATIONAL The Countywide Library Cooperative and their support of the other municipal libraries, as a part of that cooperative, continue to provide library services during the year. Additionally, there have been investments in artificial reefs, major capital upgrades at Sylvania Heights and Holt Community Park, along with upgrades at seven beach access ways on Okaloosa Island. Tourist Development continues utilizing bed tax to study beach nourishment. U.S. News & World Report ranked Destin the #1 best beach in Florida and the #2 beach vacation destination in the United States in June 2018. In fiscal year 2019, $16.8 million was spent on cultural and recreational activities, totaling 7.1% of overall spending.

PHYSICAL ENVIRONMENT INITIATIVESPhysical environment initiatives primarily relate to water/wastewater improvements, solid waste, and stormwater. County Water & Sewer completed more than 20,000 meter upgrades to ensure billing accuracy and convert to radio read technology. In 2019, a second water supply line was opened to Okaloosa Island. The installation of the 7-mile East County Sewer Transmission Main was also completed. The solid waste contract services generated over $10 million in revenue and managed over 175,000 tons of residential and commercial waste. Stormwater assessments are levied in order to meet the growing needs of certain deteriorating infrastructure, while attempting to determine some long-term resolution. A total of $2.2 million was spent on physical environment initiatives.

FUTURE INITIATIVESMaintaining a high level of service the citizens expect will continue to be a major challenge for the county, due to somewhat limited resources in a number of areas. Future financial planning includes building up reserves, possibly establishing a budget reserve policy, looking for additional available funding sources and reviewing future bonding for major capital projects. As previously mentioned, a local option half‐cent sales tax referendum passed in November 2018. This has enabled the county to launch many projects which will benefit county residents. The half‐cent sales tax has allowed property taxes to remain low and the people to benefit from the large numbers of tourists who visit the beaches, drive on the roads and use other county resources during their stay.

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CLERK OF THE COURTThe Clerk serves the courts of Okaloosa County through activities such as; attending hearings and trials, processing all civil and criminal cases, jury management, maintaining custody of evidence, and assisting with petitions for protective injunctions.

38,420 NEW CASES FILED | 191,457 E-FILED DOCUMENTS PROCESSED | 21,261 JURORS SUMMONED

RECORDER OF THE DEEDSThe Clerk of Court is responsible for safeguarding all official documents for the county. Documents such as mortgages, marriage licenses, judgments and liens are electronically stored and preserved by the Clerk.

3,039 MARRIAGE LICENSES | 2,489 PASSPORT APPLICATIONS| 73,036 OFFICIAL DOCUMENTS PROCESSED

ABOUT THE CLERK

THE CLERK OF CIRCUIT COURT AND COMPTROLLER IS THE ELECTED PUBLIC TRUSTEE PROVIDING CHECKS AND BALANCES FOR THE COUNTY.

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CHIEF FINANCIAL OFFICER, TREASURER & AUDITORAs the Chief Financial Officer for the county, the Clerk serves as Accountant to the Board of County Commissioners and as Auditor and Custodian of County Funds. The Clerk is required to keep records and make required reports of all monies received and disbursed by the Board. The Clerk is also responsible for the collection, custody and disbursement of county funds.

$65,154,056 COURT AND LEGAL RECORDS FEES, FINES AND ASSESSMENTS COLLECTED & DISBURSED

CLERK TO THE BOARD OF COUNTY COMMISSIONERSThe Clerk is responsible for maintaining custody of all county resolutions, ordinances, and contracts as well as legal custody of the Official County Seal. The Clerk attends meetings of the Board of County Commissioners and processes appeals for the Value Adjustment Board.

OTHER DUTIESOn top of the duties listed above, the Clerk provides a myriad of other services and benefits to the community. Your Okaloosa County Clerk of Court is committed to providing outstanding customer service in both Fort Walton Beach and Crestview locations as well as top-notch phone support. The Clerk continues to seek ways to make processes more efficient and less costly for the county and its taxpayers.

87,006 PHONE CALLS ANSWERED | 66,267 WALK-IN CUSTOMERS SERVED

$167,775,003 AUDITED AND PAID COUNTY BILLS

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INSPECTOR GENERAL

MISSION: The mission of the Inspector General is to improve the efficiency and effectiveness of government operations by providing independent, objective investigative and audit services to the citizens of Okaloosa County. The Department’s goal is to preserve public trust in government. The department strives to achieve this goal by maintaining the highest standards of professionalism.

Upon election, Clerk Peacock initiated a plan to create the Department of Inspector General. Clerk Peacock recognized and campaigned on the importance of government accountability through statutory and regulatory compliance, establishment of effective policies, procedures and transparency. The Clerk envisioned an accredited office that would be well funded and staffed by highly trained and experienced members. Established in January of 2015, the Department of Inspector General has initiated numerous audits and investigations.

Inspector General Brad Embry was initially hired as an Inspector General Investigator in March of 2015. In addition to his regular duties, Brad was tasked with developing appropriate investigative policies and procedures as well as serving as the department’s accreditation manager. In February of 2017, the department received initial accreditation from the Florida Commission for Law Enforcement Accreditation (CFA). Brad was promoted to Inspector General in January of 2018. The department received its first reaccreditation in February of 2020.

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INITIATIVES

STATE-WIDE GUARDIANSHIP INVESTIGATIVE TASK FORCE

GUARDIANSHIP AUDITS

PREVENTION AND DETECTION OF FRAUD, WASTE AND ABUSE

STATE-WIDE GUARDIANSHIP INVESTIGATIVE TASK FORCE In 2016, the Florida legislature expanded the responsibility and authority of the Florida Department of Elder Affairs, Office of Professional and Public Guardians (OPPG). The newly adopted legislation requires OPPG to investigate allegations of suspected wrongdoing perpetrated by public and professional guardians. The Okaloosa County Clerk of Courts, in partnership with six other Inspector General Offices, has formed a Statewide Investigative Alliance through a memorandum of understanding with OPPG to perform these investigations. Recognizing the knowledge, independence and professional standards held by the Offices of Inspector General, OPPG hopes to capitalize on these qualities in their newly acquired responsibilities. Today Okaloosa County Clerk of Circuit Court, Department of Inspector General, on behalf of OPPG, is responsible for conducting investigations of suspected wrongdoing by public and professional guardians in a 23 of Florida’s 67 counties. The statewide investigative alliance is unique to Florida and is currently being studied by other states as a means of combating fraud in guardianships throughout the country.

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GUARDIANSHIP AUDITSWhen an individual is determined to be incapacitated, a Guardianship is often created. Okaloosa County currently has over 400 Guardianship cases. In response to numerous statewide allegations of fraud in Guardianship cases, the Florida Legislature recently broadened the statues governing Guardians. The revised statutes resulted in the expansion of the Clerk of Courts’ responsibility to audit Guardianship case filings. The intent of the Legislature was to send the message that Florida is serious about protecting the rights of its most vulnerable citizens. The Department of Inspector General is responsible for conducting audits of Guardianship case inventories and accountings in Okaloosa County.

PREVENTION AND DETECTION OF FRAUD, WASTE AND ABUSE The Department of Inspector General is committed to prevention and detection of misuse of county resources as well as ensuring an effective system of internal controls. The Department of Inspector General has established four methods for individuals to report potential fraud, waste or abuse of County or Clerk resources.

INITIATIVES CONTINUED

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Anonymous Tip Line: (850) 683-TIPS (8477)

Inspector General 101 East James Lee Blvd, Crestview, FL 32536

Fax: (850) 689-5589

Online Survey: www.okaloosaclerk.com

WAYS TO REPORT

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STATEMENT OF NET POSITIONThe statement of net position presents information on all of the County’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the County is improving or deteriorating.

FINANCIAL STATEMENTS

STATEMENT OF NET POSITION (in millions) FY 2018 FY 2019

Net Investment in Capital Assets 408.2 432.6

Net Position 481.3 524.0

% of Capital Assets as a component of Net Position 84.8% 82.6%

Restricted Net Position 92.5 114.2

Net Position 481.3 524.0

% of Other Restricted Assets to Net Position 19.2% 21.7%

Unrestricted Net Position

Governmental (58.8) (65.3)

Businesses-Type 39.40 42.40

2018 2019 INCREASE (DECREASE) PERCENT CHANGE

Assets:

Current and Other Assets 204.0 259.9 55.90 27.4%Capital Assets 555.5 574.7 19.20 3.5%Total Assets 759.5 834.6 75.1 9.9%

Deferred Outflows of Resources 48.8 44.8 (4.00) -8.2%

Liabilities:

Current Liabilities 36.2 39.7 3.50 9.7%Non-Current Liabilities 278.8 305.8 27.00 9.7%Total Liabilities 315.0 345.5 30.5 9.7%

Deferred Inflows of Resources 12.0 9.9 (2.10) -17.5%

Net Position:

Net Investment in Capital Assets 408.2 432.6 24.40 6.0%Restricted 92.5 114.2 23.30 25.2%Unrestricted (19.4) (22.9) -5.00 25.8%Total Net Position 481.3 524.0 42.7 8.9% 19

STATEMENT OF ACTIVITIESThe statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods.

FY 2018 FY 2019 INCREASE (DECREASE) FY2018 v. FY2019

PERCENT CHANGE FY2018 v. FY2019

REVENUES (in millions)

Program Revenues:

Charges for Services 96.3 104.5 8.20 8.5%Operating Grants/Contributions 9.8 8.1 (1.70) -17.3%Capital Grants/Contributions 11.0 21.3 10.20 93.6%

General Revenues:

Taxes 92.8 108.7 15.90 17.1%State Shared Revenue 25.8 29.0 3.20 12.4%Other 6.2 7.4 1.20 19.5%Total Revenues 241.9 279.0 37.1 15.3%

Increase in Net Position 21.60 42.70 21.10 97.7%Net position - Beginning 459.70 481.30 21.60 4.7%Net position - Ending 481.30 524.00 42.70 8.9%

EXPENSES

General Government 33.7 35.9 2.20 6.5%Public Safety 62.3 68.6 6.30 10.1%Physical Environment 2.0 2.2 0.20 10.0%Transportation 17.8 18.7 0.90 5.1%Economic Environment 10.3 7.6 (2.70) -26.2%Human Services 5.0 5.3 0.30 6.0%Culture & Recreation 10.5 16.8 6.30 60.0%Court-Related 9.4 9.2 (0.20) -2.1%Interest & Fiscal Charges 2.7 2.8 0.10 3.7%Water & Sewer 29.2 29.4 0.20 0.7%

Airport 14.6 15.8 1.20 8.2%

Solid Waste 10.0 10.4 0.40 4.0%

Inspections 1.9 2.1 0.20 10.5%

Emergency Management 10.9 11.5 0.60 5.5%

Total Expenses 220.3 236.3 16.0 7.3%

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GENERAL FUND

$0

$2.3

$4.7

$7.0

$9.3

$11.7

$14.0

2012 2013 2014 2015 2016 2017 2018 2019

$13.4

$11.3

$7.6$8.6

$10.0

$8.0$7.0

$8.4

MIL

LIO

NS

The General Fund is the chief operating fund of the County. At September 30, 2019, total fund balance in the General Fund was $13.4 million of which $12.7 million was unassigned. The General Fund expenditures for the fiscal year exceeded revenues by $795 thousand. The increase in the current fiscal year fund balance was mainly due to transfer in from other funds.

The Tourist Development Trust Fund is a special revenue fund that is used to account for the revenues and expenditures collected on short-term rentals in Okaloosa County. The Tourist Development Special Revenue Fund balance increased over the prior year by $4,853. The increase in fund balance is primarily due to increased revenue from taxes exceeding expenditures. The Road and Bridge Construction Capital Projects Fund is the construction fund that is used to account for major governmental capital improvements. The fund balance increased over the prior year by $27,319 due primarily to the issuance of debt. The debt proceeds will be used for capital outlay expenditures related to the construction of the southwest Crestview bypass. The following is a chart of all Governmental Fund Balances for the fiscal years 2018 and 2019.

$0

$15,000

$30,000

$45,000

$60,000

General Tourist Development Capital Outlay Other

$23,193

$36,289

$55,738

$13,438

$20,680

$8,970

$50,885

$11,295

2018 2019

GOVERNMENTAL FUND BALANCE COMPARISON

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GOVERNMENTAL TAX REVENUE BY SOURCE FISCAL YEAR 2019 ($91,203,147)

Local governments in the state are able to collect local government taxes, among other sources of revenue, to fund certain governmental expenditures. Pictured on the right are all of the Okaloosa County local option taxes collected in Fiscal Year 2019.

OKALOOSA COUNTY CASH & INVESTMENT COMPOSITIONSEPTEMBER 30, 2019

Ad Valorem Tax60.7%

Sec Local Option Fuel Tax1.6%

Tourist Development Tax21.0%

Comm Srvc Tax1.3%

Local Business Tax0.3%

Local Option Fuel Tax3.6%

9th Cent Fuel Tax1.0%

Infrastructure Tax10.5%

Agency Funds Cash2.36%

Pooled Cash9.79%

Money Market3.92%

State Pool54.52%

FL County Investment Trust

17.87%

FL Fixed Income Trust2.19% LT Securities

9.34%

The Clerk manages the county’s Investment Portfolio utilizing the objectives commonly found in governmental investments and adopting the acronym of SLY (Safety, Liquidity and Yield) in that order. The investments are allowed under Florida State Statutes of 218.415, along with the county’s adopted investment policy authorized by Ordinance 2016-21 and 2017-04. As of September 30, 2019, the county’s cash and investments were allocated as described in the chart on the left.

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General Government15.30%

Public Safety29.00%

Physical Environment0.90%

Transportation7.90%

Economic Environment3.20%

Human Services2.20%

Curtlure & Recreation7.10%

Court-Related3.90%

Interest & Fiscal Charges1.20%

Water & Sewer12.40%

Airport6.70%

Solid Waster4.40%

Inspections0.90%

Emergency Medical4.90%

Charges for Services 37.7%

Operating Grants/Contributions 2.9%

Capital Grants/Contributions 7.6%

Ad Valorem Tax 24.0%

Tourist Development Tax7.7% Local Option Fuel

Tax 2.1%

Communication Services Tax 0.5%

Ninth-Cent Voted Fuel Tax0.4%

Local Business Tax 0.1%

Infrastructure Surtax 4.2%

Miscellaneous Revenue2.6%

Local Government Sales Tax6.4%

Gas Tax 1.4%

Investment Earnings 2.0%Miscellaneous0.4%

REVENUESWHERE THE MONEY COMES FROM

DISBURSEMENTSWHERE THE MONEY GOES

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Principal Property Tax Payers Taxable Assessed Value

Percentage of Total Taxable Assessed Value

Gulf Power Co. $" 187,515,811 1.01%

Florida Gas Transmission $" 62,506,494 0.34%

Emerald Grande Inc $" 57,684,180 0.31%

Passco Sea Glass DST $" 50,600,294 0.27%

Destin Commons LTD $" 48,050,765 0.26%

Ft Walton Beach Medical Center $" 45,741,723 0.25%

US GOVT $" 41,402,700 0.22%

Choctawhatchee Electric Co $" 36,051,755 0.19%

Embarq Corp $" 36,049,844 0.19%

Henderson Beach Resort Holdings $" 33,528,597 0.18%

$-

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

53.4

47.9

45.444.7

47.451.5

53.856.1

65.369.4

52.6

47.2

44.844.1

46.849.7 51.8

54.1

62.966.9

Millions

Year

Property Tax Levies and CollectionsLast Ten Fiscal Years

Levied Collected

PRINCIPAL TAXPAYERS

PROPERTY TAX LEVIES AND COLLECTIONS

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2020 CALENDAR

S M T W T F S S M T W T F S1 2 3 4 1

5 6 7 8 9 10 11 2 3 4 5 6 7 812 13 14 15 16 17 18 9 10 11 12 13 14 1519 20 21 22 23 24 25 16 17 18 19 20 21 2226 27 28 29 30 31 23 24 25 26 27 28 29

JANUARY FEBRUARY

S M T W T F S S M T W T F S1 2 3 4 5 6 7 1 2 3 48 9 10 11 12 13 14 5 6 7 8 9 10 1115 16 17 18 19 20 21 12 13 14 15 16 17 1822 23 24 25 26 27 28 19 20 21 22 23 24 2529 30 31 26 27 28 29 30

MARCH APRIL

S M T W T F S S M T W T F S1 2 1 2 3 4 5 6

3 4 5 6 7 8 9 7 8 9 10 11 12 1310 11 12 13 14 15 16 14 15 16 17 18 19 2017 18 19 20 21 22 23 21 22 23 24 25 26 2724 25 26 27 28 29 30 28 29 3031

MAY JUNE

25

S M T W T F S S M T W T F S1 2 3 4 1

5 6 7 8 9 10 11 2 3 4 5 6 7 812 13 14 15 16 17 18 9 10 11 12 13 14 1519 20 21 22 23 24 25 16 17 18 19 20 21 2226 27 28 29 30 31 23 24 25 26 27 28 29

30 31

JULY AUGUST

S M T W T F S S M T W T F S1 2 3 4 5 1 2 3

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SEPTEMBER OCTOBER

S M T W T F S S M T W T F S1 2 3 4 5 6 7 1 2 3 4 58 9 10 11 12 13 14 6 7 8 9 10 11 1215 16 17 18 19 20 21 13 14 15 16 17 18 1922 23 24 25 26 27 28 20 21 22 23 24 25 2629 30 27 28 29 30 31

NOVEMBER DECEMBER

Holidays - Offices Closed

26

Crestview101 E James Lee Blvd, Suite 108

Crestview, FL 32536(850) 689-5000

Fort Walton Beach1940 Lewis Turner BlvdFort Walton Beach, FL 32547(850) 651-7200