The Finance Department is dedicated to providing professional financial support related to all aspects of financial administration for the City.
The integrity of the City’s financial records is important in upholding the public’s trust and ensuring reliance on the financial reports produced. Transparency in these financial records is very important to us, hence, we provide access to our Check Register each month. In addition, we invite you to monitor our City’s financial status as we progress throughout the year – view the most recent status history report here.
We are committed to maintaining the City’s sound financial position and stable environment while offering quality services efficiently and responsibly.
Fees charged by the City are compiled and included in one document, the Comprehensive Fee Schedule, which is updated periodically, as needed.
The City’s investment activities are managed according to the Investment Policy, which applies to all investments held or controlled by the City. This policy addresses the investment of public funds in excess of the amounts needed to meet current expenses. It is designed to safeguard the City’s funds, ensure the availability of operating and capital funds when needed, and provide an investment return that is competitive with comparable funds and financial market indices. The Quarterly Performance Review – Pooled and Quarterly Performance Review – Cemetery summarizes the City’s investments that are held with PFM Asset Management, LLC.
Comprehensive Annual Financial Reports (CAFR)
The City of Fort Walton Beach is required to prepare annually, in conjunction with its financial audit, the Comprehensive Annual Financial Report (CAFR). These reports are available below as downloadable PDF files.
The City of Fort Walton Beach maintains three (3) separate Defined Benefits Pension Plans. Section 112.664, Florida Statutes, requires that certain disclosures related to these Plans be made available to the public. Those disclosures are provided below.
Below is a schedule showing the last five (5) years of investment returns for each of the City’s three (3) Defined Benefit Pension Plans.
In addition, please view the Division of Retirement Actuarial Summary Fact Sheet for each of our three plans.
The Economic Development Council for Okaloosa County, Florida is a non-profit, public-private partnership serving Okaloosa County as its primary economic development organization. The EEDC FY16 Accomplishments per F.S. 166.021 summarizes their commitment to continual growth and diversification through existing industry retention and expansion, workforce development, and expansion of key industry clusters.
Meet Jeff Atwater, who serves the citizens of the state of Florida as the state’s elected Chief Financial Officer.