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Fiscal Year 2013� Monroe County, Ftbrida � Comprehensive .annual � FinanciaCReyort ,for the FiscaC year Ended September 30, 2013 1 1 1 1 1 1 1 l 1 1 i 1 1 1 1 1 1 1 1 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 AMY HEAVILIN, CPA CLERK OF THE CIRCUIT COURT & COMPTROLLER PREPARED BY: CLERK OF THE CIRCUIT COURT FINANCE DEPARTMENT AMANDA COCHRAN FINANCE DIRECTOR THIS PAGE INTENTIONALLY LEFT BLANK �i ' MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT ' FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 ' INTRODUCTORY SECTION Transmittal Letter of the Clerk of the Circuit Court ' Certificate of Achievement for Excellence in Financial Reporting List of Elected and Appointed Officials Organizational Chart FINANCIAL SECTION Report of Independent Auditor Management's Discussion and Analysis 9 Y I Basic Financial Statements: Government -Wide Financial Statements Statement of Net Position Statement of Activities Fund Financial Statements Balance Sheet -Governmental Funds Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Major Governmental Funds: General Fund Fine and Forfeiture Fund HIDTA Grants Fund Governmental Grants Fund Statement of Net Position - Proprietary Funds Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds Statement of Cash Flows - Proprietary Funds Statement of Fiduciary Net Position - Fiduciary Funds Statement of Changes in Fiduciary Net Position - Fiduciary Funds Notes to the Financial Statements Combining and Individual Fund Statements and Schedules: Combining Balance Sheet - NonMajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances - NonMajor Governmental Funds Schedules of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual Special Revenue Funds: Affordable Housing Programs Road and Bridge Fund Tourist Development, All Districts, Two Cent Tourist Development, Administration and Promotional, Two Cent PAGE Al - A5 A6 A7 A8 B1 - B3 Cl - C12 D1 - D2 D3-D4 E1 - E2 E3 E4 - E5 E6 E7-E10 Ell - E12 E13 E14 - E16 E17 - E20 E21 - E22 E23 - E26 E27 E28 F1 - F39 G1 - G12 G13-G24 G25 G26 G27 G28 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 PAGE Tourist Development, District #One G29 Tourist Development, District #Two G30 Tourist Development, District #Three G31 Tourist Development, District #Four G32 Tourist Development, District #Five G33 Impact Fees - Roadways G34 Impact Fees - Parks and Recreation G35 Impact Fees - Libraries G36 Impact Fees - Solid Waste G37 Impact Fees - Police Facilities G38 Impact Fees - Fire and EMS G39 Impact Fees - Employee Fair Share Housing G40 Fire and Ambulance, District #1 - Lower and Middle Keys G41 Upper Keys Health Care Special Taxing District G42 Unincorporated Area Service District - Parks and Recreation G43 Unincorporated Area Service District - Planning, Building and Zoning G44 - G45 Municipal Policing G46 Duck Key Security District G47 Local Housing Assistance G48 Boating Improvement G49 Miscellaneous Special Revenue G50 - G51 Environmental Restoration G52 Court Facility Fees G53 Drug Abuse Trust G54 Marathon Municipal Service Taxing Unit G55 Bay Point Municipal Service Taxing Unit G56 Big Coppitt Municipal Service Taxing Unit G57 Key Largo Municipal Service Taxing Unit G58 Stock Island Wastewater G59 Cudjoe-Sugarloaf Municipal Service Taxing Unit G60 Conch Key Municipal Service Taxing Unit G61 Long Key -Layton Municipal Service Taxing Unit G62 Duck Key Municipal Service Taxing Unit G63 Building Fund G64 Sheriffs Teen Court G65 Sheriffs Federal Forfeiture G66 Sheriffs State Forfeiture G67 Sheriffs Contract Administration G68 Sheriffs Commissary G69 Sheriffs Interagency Communications G70 Sheriffs Trauma Star G71 Sheriffs Radio Communications Sheriffs Grants G72 G73 Sheriffs Shared Asset Forfeiture G74 Sheriffs E911 Clerk's Records Modernization G75 G76 Clerk's Court Related G77 ' MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 ' PAGE Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ' Major Governmental Funds: One Cent Infrastructure Surtax Capital Project Fund G78 Big Coppitt Wastewater Capital Projects Fund G79 ' Cudjoe Regional Wastewater Capital Projects Fund G80 All Debt Service Funds G81 Combining Statement of Net Position - Internal Service Funds G82 - G83 ' Combining Statement of Revenues, Expenses and Changes in Net Position - Internal Service Funds G84 - G85 Combining Statement of Cash Flows - Internal Service Funds G86 - G89 ' Combining Statement of Fiduciary Net Position - All Agency Funds G90 - G91 Combining Statement of Changes in Fiduciary Net Position - All Agency Funds G91 - G92 ' STATISTICAL SECTION Introduction H1 ' Net Position by Component H2 Changes in Net Position H3-H5 Governmental Activities Tax Revenues By Source H6 ' Fund Balances of Governmental Funds H7 Changes in Fund Balances of Governmental Funds H8-H9 General Governmental Tax Revenues By Source H10 ' Assessed Value and Estimated Actual Value of Taxable Property H11 Direct and Overlapping Governments H12 Principal Property Taxpayers H13 Property Tax Levies and Collections H14 Ratios of Outstanding Debt by Type H15 Ratios of General Bonded Debt Outstanding H16 ' Direct and Overlapping Governmental Activities Debt H17 Legal Debt Margin Information H18 Pledged -Revenue Coverage - Governmental Activities H19 1 Pledged Revenue Bonds and Notes - Business -type Activities H2O Demographic and Economic Statistics H21 Principal Employers H22 ' Full-time Equivalent County Government Employees by Function H23 Operating Indicators by Function H24 Capital Asset Statistics by Function H25 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 PAGE SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES Report of Independent Auditor on Internal Control over Financial Reporting and on 11-12 Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Report of Independent Auditor on Compliance for Each Major Federal Awards 13-14 Program and State Financial Assistance Project and on Internal Control Over Compliance Required by OMB Circular A-133 and Chapter 10.550, Rules of the Auditor General Schedule of Expenditures of Federal Awards and State Financial Assistance 15 - 116 Projects Notes to Schedule of Expenditures of Federal Awards and State Financial 117 Assistance Projects Schedule of Findings and Questioned Costs - Federal Awards Programs and State 118-124 Financial Assistance Projects Corrective Action Plan - Federal Awards Programs and State Financial Assistance 125 Projects Summary Schedule of Prior Year Audit Findings - Federal Awards Programs and State 126 Financial Assistance Projects Independent Auditor's Management Letter J1-J2 I I AMY REAVILIN, CPA CLERK OF CIRCUIT COURT 8 COMPTROLLER MornoE canmr, FLORIDA June 30, 2014 The Honorable Sylvia Murphy Mayor, Board of County Commissioners Monroe County, Florida Dear Mayor Murphy: It is our pleasure to present to you, the Board of County Commissioners and the citizens, the Monroe County, Florida Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September 30, 2013. Chapter 218.39 of the Florida Statutes requires an independent certified public accountant to audit the financial statements of counties in the State. In addition, the Federal Single Audit Act, the Florida Single Audit Act and the federal OMB Circular A-133 require an independent auditor to report on the government's internal controls and compliance with legal requirements concerning the administration of federal awards and state financial assistance. This report is published to fulfill these requirements. This report was prepared by the Finance Department of the Clerk of the Court. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the Clerk of the Court as Chief Financial Officer of Monroe County. We assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material aspects. It is presented in a format designed to fairly present the financial position and results of operations of Monroe County as measured by the financial activity of its various funds; and that all disclosures needed to allow the reader to gain a comprehensive understanding of the County's financial activity have been included. The County has established a comprehensive internal control framework that is designed both to protect the County's assets from loss, theft or misuse and to compile sufficient reliable accounting information for financial statement preparation in conformity with United States generally accepted accounting principles (GAAP) established by the Government Accounting Standards Board. Because the cost of internal controls should not outweigh their benefits, the objective is to provide reasonable rather than absolute assurance that the financial statements will be free of material misstatement. ' Cherry Bekaert LLP has issued an unmodified ("clean") opinion on the Monroe County, Florida financial statements for the year ended September 30, 2013. The report of the independent auditor is located at the front of the financial section of this report. 500 Whitehead Street Suite 101, PO Box 1980, Key West FL 33040 Phone: 305-295-3130 Fax: 305-295-3663 ' 3117Overseas Highway, Marathon, FL 33050 Phone: 305-289-6027Fax: 305-289-6025 88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852-7145 Fax: 305-852-7146 ' A-1 Monroe County Profile Basic Information Monroe County was constitutionally formed in 1823. It is comprised of a string of subtropical is- lands that stretch more than one hundred miles into the Atlantic Ocean. These islands are con- nected in a chain -like fashion to the mainland by a series of forty-two bridges. The County seat, Key West, is approximately one hundred fifty miles southwest of Miami. Havana, Cuba lies a mere ninety miles to the south. Monroe County is a non -charter county established under the Constitution and the laws of the State of Florida. Legislative authority and policy decisions are vested in the Board of County Commissioners consisting of the mayor and four other members, all of whom are elected. The op- eration of other specific government functions resides with five Constitutional Officers. These Offic- es are elective and their titles indicative of their specific function. The positions are the Clerk of the Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Monroe County pro- vides a full range of services including roads, health and social services, emergency medical ser- vices, park and recreational services, solid waste services, airport services and other governmental services. Reporting Entity For financial reporting purposes, the County's primary government consists of the Board of County Commissioners, the Constitutional Officers and the Monroe County Industrial Development Au- thority, a blended corporate unit. The Monroe County Comprehensive Plan Land Authority is legal- ly separate and is treated as a discretely -presented component unit. Additional information on component units can be found in the notes to the financial statements. Budget Formal budgetary integration is employed as a management control device during the year for all fund types except as described in the notes to the financial statements. Constitutional officers funded by the Board must submit their budgets by June 1 of each year. Monroe County follows the laws of Florida regarding the control, adoption and amendment of the budget during each fiscal year. The Board conducts budget meetings on departmental budgets and constitutional officer re- quests. Based on the information presented at the meetings, a tentative budget is presented to the public by Board resolution. The public then responds to the tentative budget at public hearings. A final public hearing is then held and the final budget is adopted. The County Commission exercis- es budgetary control down to the cost center (departmental) level by requiring a County Commis- sion resolution for all transfers between cost centers. Economic Condition Local Economy Monroe County occupies a unique and very beautiful corner of the United States. Our subtropical chain of islands offers mild climate year-round and extensive recreational water activities. This makes the Florida Keys and Key West a major domestic and international tourist destination. Five of the top ten taxpayers in Monroe County are in the hospitality industry. Airplane passenger arri- vals increased from 2012 by 9.5%. Tourist and recreational sales have increased by 7.8% and ho- tel room rental revenue has increased by 8.0%. The 2013 tax roll assessed in 2012 remained approximately the same as the prior year. The na- tionwide real estate market in 2013 appears to have stabilized as has Monroe County. In addition, A-2 over a ten year period, property tax collections have risen 16.2%. All taxable sales have increased 5.7% from 2012 levels. The local economy is continuing on an upward trend. The County's unemployment rate of 4.1 % at September 30, 2013 is below the state and national rates of 7.1 % and 7.0%, respectively. Long-term Financial Planning The County has developed the Monroe County 2010 Comprehensive Plan, as adopted in 1995. This plan has been approved by the State, and describes the County's goals in the areas of land use; conservation and coastal management; traffic circulation; mass transit; ports, aviation and re- lated facilities; affordable housing; potable water; solid waste; sanitary sewer; storm water drain- age; natural groundwater aquifer recharge; recreation and open space; intergovernmental coordi- nation; capital improvements; and cultural resources. During the current fiscal year, Monroe County adopted the following amendments to the 2010 Comprehensive Plan as follows: The County adopted amendments to establish the Commercial Future Land Use Map (FLUM) category and associated maximum density and intensity standards. This creates a new FLUM category which provides for alternate uses of private property. • The five-year schedule of Capital Improvements was updated to ensure the adopted level of service standards are achieved and maintained. • The County adopted FLUM amendments for two parcels in Key Largo from Residential Me- dium to Mixed Use/Commercial to achieve consistency. The sanitary sewer or wastewater component of the Comprehensive Plan addresses an unfunded mandate from the State to improve water quality in the Florida Keys by replacing cesspits and sep- tic systems with a series of central wastewater collection and treatment systems. The County has completed most of its service area with the exception of the Cudjoe Regional project which in- cludes Sugarloaf Key, Summerland Key, Cudjoe Key and Big Pine Key. Construction costs are presently expected to be approximately $168,000,000. To finance the project, the County has lev- ied wastewater special assessments, obtained a state grant and a Florida Department of Environ- mental Protection loan, which is collateralized by the local infrastructure sales surtax and wastewater special assessments. Although most of the County's capital project funds are committed to the wastewater project, the County is assembling the funding to bring all facilities in compliance with the American Disabilities Act over the next five years. The County has secured funding through a Community Development Block Grant to accomplish this goal. The County is balancing the use of ad valorem tax revenues with the maintenance of General Fund reserves used to insulate the General Fund from revenue fluctuations due to disasters of any kind and provide adequate working capital for operations. The Board continues to respond to the ongoing economic conditions by maintaining rigorous cost controls, carefully analyzing the need for each replacement or addition of staff positions, renegotiating contracts, and scrutinizing the cost benefit of outside contractors. The Board continues to focus on its efforts to balance costs and services to Monroe County citizens, with a relatively flat revenue base. The County provides health care coverage for 411 retirees. The Board has reviewed estimates of the unfunded cost for future years' benefits, and staff is developing strategies to manage the finan- cial impact to the County. As the actual versus expected cost of retiree health care coverage is monitored, provisions of the plan may be modified as part of the management strategy. A-3 Relevant Financial Policies The Board's financial policies conform to the requirements of Florida Statutes and accounting prin- ciples generally accepted in the United States. The following updates to the Board's financial poli- cies were approved in fiscal year 2013 and include implementation of the following provisions: GASB Statement No. 61, The Financial Reporting Entity. Omnibus, an amendment of GASB Statements No. 14 and No. 34. Implementation of this statement changes the presentation of the Monroe County Land Authority from a blended component unit to that of a discretely - presented component unit. GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred In- flows of Resources, and Net Position. This requires the Balance Sheet to present deferred out- flows and inflows of resources in separate sections following total assets and total liabilities sections, respectively. In the case of the County, the implementation of this standard was iso- lated to reclassification of unearned revenue which represents grant funds received in advance of expenditures and unavailable revenue from charges for services to the appropriate outflow section of the balance sheet. Major Initiatives As mentioned above, the County has an unfunded mandate from the State to improve water quality in the Florida Keys by replacing cesspits and septic systems with a series of central wastewater collection and treatment systems. These initiatives have been identified by location and are as fol- lows: • Big Coppitt Regional wastewater treatment system -- This comprises a significant portion of the wastewater project as a whole, was completed in 2011. The project was financed with a loan and grants from the Florida Department of Environmental Protection, local sales tax revenues and assessments paid by property owners in the area. This encompasses Big Coppitt Key, Geiger Key, Shark Key and Rockland Key. • Duck Key wastewater treatment system -- This project is substantially complete as of Sep- tember 30, 2013. This encompasses Duck Key, Conch Key and Hawk's Cay. • Cudjoe Regional wastewater system -- This also comprises a significant portion of the wastewater project which began in fiscal year 2012. There is an Interlocal Agreement with the Florida Keys Aqueduct Authority for construction of the Cudjoe Regional project. • Other projects which have been completed include Stock Island, Bay Point, City of Layton, Key Colony Beach, Conch Key and Little Venice. The Florida Keys Municipal service taxing districts have been created to support the cost of wastewater projects in Conch Key, Bay Point, Big Coppitt, Key Largo, Stock Island, Cudjoe and Sugarloaf Keys, Long Key -Layton, and Duck Key. The County continues to stimulate the local economy through increased advertising efforts. Ex- penditures for the Tourist Development Council increased 13% over those in place last year. The increased costs are funded by Tourist Development taxes. A-4 I Awards and Acknowledgments The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Monroe County, Florida for its Comprehensive Annual Financial Report for the fiscal year ended September 30, 2012. This was the twenty fifth consecutive year the government has achieved this prestigious award. J In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both U.S. generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. The County also submits its budget document to GFOA, and has received GFOA's Distinguished Budget Presentation Award for fifteen years. This report is the product of the dedication of the Finance Department under the direction of the Clerk of the Court of Monroe County as Auditor and Chief Financial Officer to the Board of County Commissioners. We would like to express our appreciation to the entire Finance Department and to other County departments for their assistance in the preparation of this report. Special recogni- tion goes to Sharon Moore, CPA for her efforts. We also extend our thanks and appreciation to our independent auditors Cherry Bekaert LLP for their outstanding efforts and assistance. In closing, we thank the County Commissioners for their interest and support to us throughout the year. Sincerely, — "121 �7_2 Amy Heavil n CPA Clerk of the ircuit Court Chief Financial Officer A-5 Amanda Coch n Finance Director CIJ Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to Monroe County Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2012 *110e O Executive Director/CEO A-6 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS DANNY KOLHAGE DISTRICT 1 HEATHER CARRUTHERS DISTRICT 3 SYLVIA MURPHY, MAYOR DISTRICT 5 COUNTY ADMINISTRATOR ROMAN GASTESI, JR. GEORGE NUEGENT DISTRICT 2 CLERK OF THE CIRCUIT COURT AND CHIEF FINANCIAL OFFICER AMY HEAVILIN, CPA FMA DAVID RICE DISTRICT 4 a n a� w 5 w� o U � ww Oa' t Z •= n ca° UHF c� 0 F z� m ao >� a F z a O A-8 z> a O ¢ Qu �� Z O� 0)U w>ma w h >w a� O C� F.O Qo zT 00 z E zN wm c�*Q > U > ` 5 i Z F w °Q zU }� ao F x� �z az � O.E xW �w ow W Q W a m O w Q U Q h 4 > v F F C W Q �a O O > wViW wV �v w> Cz `W V) °¢ z j° Q Q Q 3 E w V h 0 by F Z w � � y a�= z '°'q d w o L w Q Z Z zz w a z z a a Qo 00 w U � n s �v Nag }° w u r Z: rz Zw a aF U o 5 6Zid .ice n w Q U > w CV w 2 U w Ln 1 on lP Cherry Bekaert so CPAs S Advisors 1 Report of Independent Auditor ' To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida: Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business -type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund ' information of Monroe County, Florida (the "County"), as of and for the year ended September 30, 2013, and the related notes to the financial statements, which collectively comprise the County's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the County's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the County as of September 30, 2013, and the respective changes in financial position, and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund, Fine and Forfeiture Fund, HIDTA Grants Fund, and Governmental Grants Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America. B-1 J Emphasis of Matter Change in Accounting Principle As discussed in Note 22 to the financial statements, the County adopted the provisions of Governmental Accounting Standards Board Statement No. 61, The Financial Reporting Entity: Omnibus, an amendment of GASB Statements No. 14 and No. 34 and Governmental Accounting Standards Board Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position, effective October 1, 2012. Prior Period Adjustment As discussed in Note 23 to the financial statements, management discovered inaccuracies in the reporting of the wastewater project assessments and airport receivables in prior years. Accordingly, beginning net position and fund balances for September 30, 2012 have been restated to properly reflect these changes. Our opinions are not modified with respect to these matters. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis as listed in the table of contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary and Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County's basic financial statements. The introductory section, combining and individual fund statements and schedules, and statistical section, as listed in the foregoing table of contents, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance are presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations and Chapter 10.550, Rules of the Auditor General, and are also not a required part of the basic financial statements. The combining and individual fund statements and schedules and the Schedule of Expenditures of Federal Awards and State Financial Assistance are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules and Schedule of Expenditures of Federal Awards and State Financial Assistance are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. B-2 Other Reporting Required by Government Auditing Standards ' In accordance with Government Auditing Standards, we have also issued our report dated June 30, 2014, on our consideration of the County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County's internal control over financial reporting and compliance. Orlando, Florida June 30, 2014 I B-3 I J THIS PAGE INTENTIONALLY LEFT BLANK Management's Discussion and Analysis As Finance Department management under the direction of the Chief Financial Officer and Clerk of the 1 Circuit Court in Monroe County, we offer readers this narrative overview and analysis of the financial activities of Monroe County Government for the fiscal year ended September 30, 2013. We encourage readers to consider this information in conjunction with additional information furnished in the letter of ' transmittal of the report and the basic financial statements for an overall view of Monroe County's activities. ' Financial Highlights ' • Monroe County's total assets exceeded its liabilities and deferred inflows of resources at September 30, 2013 by $546,813,559, an increase of $26,104,540 after adjusting for the change in reporting for the Monroe County Comprehensive Plan Land Authority (MCLA). Net position for governmental activities was $438,170,822 and $108,642,737 for business -type activities. • Unrestricted net position available for Monroe County's ongoing obligations to citizens and creditors was $63,655,076, an increase of $7,141,991 adjusted for the MCLA in FY 2013. Governmental activity unrestricted net position was $43,602,257. Business -type activity unrestricted net position was $20,052,819. • At September 30, 2013, Monroe County's governmental funds statement reported combined ending fund balances of $174,560,130, a decrease of $4,001,160 from the previous fiscal ' year. The General Fund reported an unassigned fund balance of $21,494,627. The General Fund also reported a total fund balance of $35,647,326, a decrease from the last fiscal year of $1,790,962. The County experienced a favorable General Fund budget variance, mostly attributable to lower than anticipated expenditures. • Bonded debt and loans of Monroe County decreased .$5,513,394 in 2013, due primarily to defeasance of the Key West International Airport Revenue Bonds, Series 2006 as loan draws were offset by debt maturities. Monroe County's percentage of bonded debt and loans compared to net position decreased from 8.0% to 7.2%. IOverview of the Financial Statements This discussion and analysis is intended to serve as an introduction to Monroe County Government's basic financial statements, which include government -wide statements, fund statements, as well as notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements. Government -Wide Financial Statements Government -wide financial statements are designed to provide the reader with a broad overview of the financial position of Monroe County and are similar to private -sector financial statements. They include a Statement of Net Position and a Statement of Activities. These statements appear on pages D-1 through D-4 of this report. I C-1 The Statement of Net Position shows the County's assets less its liabilities at September 30, 2013. The difference between these assets and liabilities is reported as net position. Changes in net position over time may be indicative of an improving or deteriorating financial position. Net position is reported in three categories: 1) investment in capital assets, 2) restricted, and 3) unrestricted. The Statement of Activities, which follows the Statement of Net Position, presents information showing how the net position changed during fiscal year 2013. The statement presents all underlying events, which contribute to the change, irrespective of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only affect cash flows in future fiscal periods. Such items include revenues earned and expenses incurred but not yet paid as well as unused vacation leave, all of which will produce changes in cash in a future fiscal period. Both statements attempt to distinguish functions of Monroe County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges for services (business -type activities). Governmental activities reported in the statements include general government, public safety, physical environment, transportation, economic environment, human services, culture and recreation, and court related. Business -type activities include Monroe County's airports, solid waste and landfill operations, and the Card Sound Road and Toll Bridge. The government -wide financial statements include the Monroe County Comprehensive Plan Land Authority, a legally separate entity. Financial information for this component unit is reported separately within the government -wide financial statements from the financial information presented for the primary government. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Monroe County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. All of the funds of Monroe County can be divided into three general categories: governmental, proprietary and fiduciary funds. Governmental Funds Governmental Funds essentially account for the same functions as those reported in the government - wide statements described above. However, unlike the government -wide statements, this set of financial statements focuses on events that produce near -term inflows and outflows of spendable resources available at the end of the fiscal year, which is a narrower focus than the government -wide financial statements. Such information may be useful in evaluating the available spendable resources. These statements appear on pages E-1 through E-16 of this report. It can be useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government -wide statements. Therefore, reconciliations are provided as a link between both the governmental fund statements and the government -wide statements to assist in this comparison. The governmental fund financial statements present financial information for the County's general, special revenue, debt service and capital project funds. Governmental funds individually presented as major funds in Monroe County's statements include: the General Fund, three Special Revenue Funds: Fine and Forfeiture, HIDTA Grants and Governmental Grants, the Debt Service fund and three capital C-2 E E project funds: One Cent Infrastructure Surtax, Big Coppitt Wastewater Project and Cudjoe Regional Wastewater Project. ' There are many smaller governmental funds in Monroe County. They have been presented in a total column "Nonmajor Governmental Funds." These funds are presented individually in the combining and individual fund statements section of the report. ' Proprietary Funds ' Monroe County maintains two different types of proprietary funds, enterprise and internal service. The proprietary fund statements appear on E-17 through E-26 of this report. ' Enterprise funds are used to report business -type activities in the government -wide financial statements. Monroe County maintains four major enterprise funds: Municipal Service District -Waste, Key West Airport, Card Sound Bridge, and the Marathon Airport. There are no non -major enterprise funds. ' Internal service funds are used to accumulate and allocate costs among Monroe County's various functions. Monroe County uses internal service funds to account for insurance activities (worker's ' compensation, group health and risk management) and fleet maintenance activities. Internal service funds are presented in total in the fund financial statements but may be reviewed individually in the combining and individual fund statements section of the report. Because these services predominantly ' benefit governmental rather than business -type functions, they have been included within the government -wide financial statements as governmental activities. They are also combined into a single, aggregated presentation in the proprietary fund financial statements. IFiduciary Funds ' Monroe County uses fiduciary funds to account for resources held for the benefit of parties outside of County government, such as assets held in trust and agency funds by Monroe County as an agent for individuals. Fiduciary funds are not reflected in the government -wide financial statements because the resources of those funds are not available to support Monroe County's own programs. The accounting ' used for fiduciary funds is much like that used for proprietary funds. The fiduciary fund financial statements appear on pages E-27 through E-28 of this report. ' Notes to the Financial Statements The notes to the financial statements provide additional information that is essential to a full ' understanding of the data provided in both government -wide and fund financial statements. The notes commence on page F-1 and continue throughout the entire F page section. Other Information Combining and individual statements and schedules mentioned earlier, which present details of non - major funds used in governmental and enterprise funds, commence on page G-1 and continue throughout the entire G page section. This section also includes the budget to actual schedules, and statements for major capital project, internal service and agency funds. Additional information about Monroe County can be found under the Statistical Section in the H page section and the Single Audit Section in the I page section of this report. C-3 Government -Wide Financial Analysis Monroe County Net Position (in thousands) Governmental Business -type Total Primary Activities Activities Government 2013 2012 2013 2012 2013 2012 Current and Other Assets $240,217 $231,006 $ 29,848 $ 32,333 $270,065 $263,339 Capital Assets 303,575 279,334 84,620 85,343 388,195 364,677 Total Assets 543,792 510,340 114,468 117,676 658,260 628,016 Current /Other Liabilities 34,359 26,663 3,195 4,648 37,554 31,311 Long -Term Liabilities 71,262 67,560 2,630 8,435 73,892 75,995 Total Liabilities 105,621 94,223 5,825 13,083 111,446 107,306 Net Position: Net Investment in Capital Assets 270,423 249,594 84,103 79,206 354,526 328,800 Restricted 124,146 126,461 4,487 8,935 128,633 135,396 Unrestricted 43,602 40,061 20,053 16,452 63,655 56,513 Total Net Position $438,171 $416,116 $108,643 $104,593 $546,814 $520,709 The overall financial position of Monroe County has remained relatively constant in both fiscal years 2013 and 2012. Changes in net position over time can be one of the best and most useful indicators of a government's financial position. Monroe County's net position increased in fiscal year ending 2013 by $26,104,540, following an increase in fiscal year ending 2012 of $16,444,189. The current year increase can be attributed to the large capital outlays. The largest portion of net position for 2013 and 2012 is Monroe County's net investment in capital assets (e.g., land and depreciated buildings, infrastructure and equipment). This category represents 64.8% and 61.9% of total primary government net position for fiscal years 2013 and 2012. Monroe County uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although Monroe County's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Total primary government net position above also include restricted net position. Restricted net position are resources subject to external restriction on how they may be used. The restrictions reported for business -type activities are comprised of the landfill closure and post closure costs and passenger facility charges. Restrictions reported for governmental activities are special purpose funds which report the use of resources as designated by external entities. The remaining component of net position is unrestricted net position. Unrestricted net position may be used to meet the County's ongoing obligations to citizens and creditors. Current and other assets, after adjustment for the MCLA, increased in 2013 due to favorable budget variances. The increase in capital assets reflects the County's ongoing commitment of resources to the wastewater improvement construction. The County also continues to construct improvements to public facilities such as administrative buildings such as the Marathon Courthouse and fire stations as the one located on Stock Island. C-4 ' Total liabilities were $4,043,810, or 3.8% higher than in 2012. The County received loan draws of $5,461,341 under the Clean Water State Revolving Fund Construction Agreement that was awarded on May 28, 2013. Long term debt was reduced pursuant to scheduled retirements and early retirement of ' the debt incurred for the construction of the Key West Airport Terminal. Other post employment benefits and compensated absences have continued to increase. ' Comparison of Current Assets and Liabilities (in thousands) A comparison of current assets as compared to current liabilities for both governmental and business - type activities can be a good indication of Monroe County's ability to meet its current and existing operational responsibilities. The ratios for the current and prior fiscal years are as follows: Governmental Business -type Activities Activities ' 2013 2012 2013 2012 Current Assets $239,861 $221,420 $ 25,192 $ 22,726 ' Current Liabilities $ 33 948 $ 26,663 $ 3,195 $ 4,648 Ratio of Current Assets to Current Liabilities 7.07 8.30 7.88 4.89 r The schedule above demonstrates that Monroe County has more than adequate cash flows. t t Monroe County Changes in Net Position (in thousands) Governmental Business -type Total Primary Activities Activities Government 2013 2012 2013 2012 2013 2012 Revenues: Charges for Services $ 34,000 $ 26,793 $ 25,981 $ 25,717 $ 59,981 $ 52,510 Operating Grants and Contributions 26,680 31,140 3,485 3,393 30,165 34,533 Capital Grants and Contributions 9,689 863 2,344 262 12,033 1,125 General Revenues: Property Taxes 72,393 74,645 - - 72,393 74,645 Other Taxes 64,610 64,468 - - 64,610 64,468 State Revenue Sharing 3,113 2,969 - - 3,113 2,969 Investment Income 1,349 1,174 91 155 1,440 1,349 Miscellaneous 2,682 2,777 8 12 2,690 2,789 Total Revenues 214,516 204,849 31,909 29,539 246,425 234,388 Expenses: General Government 32,495 32,801 - - 32,495 32,801 Public Safety 97,645 94,622 - - 97,645 94,622 Physical Environment 4,057 2,251 - - 4,057 1,978 Transportation 5,810 1,978 - - 5,810 5,551 Economic Environment 27,405 29,394 _ 27,405 29,394 Human Services 8,773 10,002 - - 8,773 10,002 Culture and Recreation 4,945 5,009 _ 4,945 5,009 Court Related 8,678 8,708 - - 8,678 8,708 Interest on Long -Term Debt 1,346 1,920 1,346 1,920 Solid Waste - - 16,147 15,924 16,147 15,924 Toll Bridge - - 1,300 1,326 1,300 1,326 Key West Airport - - 8,552 9,183 8,552 9,183 Marathon Airport - - 1,654 1,525 1,654 1,525 Total Expenses 191,154 189,985 27,653 27,958 218,807 217,943 Change in Net Position before transfers 23,362 14,864 4,256 1,580 27,618 16,444 Transfers 415 305 (415) (305) - - Change in Net Position 23,777 15,169 3,841 1,275 27,618 16,444 Net Position, Beg, As Prev Stated 416,116 - 104,593 - 520,709 - Prior Period Adjust (1,722) - 209 - (1,513) - Net Position, Beginning, Restated 414,394 400,947 104,802 103,318 519,196 504,265 Net Position, Ending $438,171 $416,116 $108,643 $104,593 $546,814 $520,709 C-6 IGovernmental Activities ' The graph below represents a comparison of program revenues to program expenses for governmental activities in fiscal years 2013 and 2012. It is apparent from these graphs that general revenues were required to cover expenses in each of the functions noted. 1 J J 100.0 80.0 60.0 33.8 40.0 32.4 20.0 9.9 0.0 Monroe County, Florida Governmental Activities (in Millions) For the year ended September 30, 2013 ■ Program Revenues ❑ Program Expenses 97. 27.4 16.0 4.1 2.0 5.8 1.7n 1.8 8.8 0.3 5.0 4.9 8.6 Ge�e� A`b1c Ahys/ T,a12 FoOno y��a� CG1/'Gi� C0G? ai S �� 00 ) RQ Z. The largest revenue sources for governmental activities in 2013 are property taxes in the amount of $72,392,013 and all other taxes totaling $64,609,291. Total taxes of $137,001,304 amounted to 63.9% of Monroe County's governmental activity revenues excluding transfers. The second largest revenue source is charges for services at 15.8% of governmental activity revenues excluding transfers. The 2013 graph identifies the largest expense function as public safety amounting to $97,644,691. This is 51 % of the total expenses for governmental activities. The second largest function is general government in the amount of $32,494,968 or 17% of total expenses for governmental activities. The general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court, and the Supervisor of Elections. Monroe County, Florida Governmental Activities (in Millions) For the year ended September 30, 2012 ■ Program Revenues ❑ Program Expenses 100.0 94.6 80.0 60.0 32.8 35.8 40.0 20.0 9.7 0.0 29.4 5.5 10.0 5.0 4.4 8.7 4.3 2.0 1.8 4.0 1.80.6 Cc� A 1h df�Oc�yQ,c� ,QC ep `6• .`°od's• � F,O a 001,ey4bs 0cO ,? df`Oa 0 C-7 (I The largest revenue sources for governmental activities in 2012 are property taxes in the amount of $74,644,751 and all other taxes totaling $64,468,347. Total taxes of $139,113,098 amounted to 66.7% of Monroe County's governmental activity revenues excluding transfers. The second largest revenue source is operating grants at 14.9% of governmental activity revenues excluding transfers. The 2012 graph identifies the largest expense function as public safety amounting to $94,622,170. This is 49.8% of the total expenses for governmental activities. The second largest function is general government in the amount of $32,801,656 or 17.3% of total expenses for governmental activities. The general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court, and the Supervisor of Elections. Business -Type Activities The purpose of proprietary funds is to recover the majority of costs incurred in providing a service through user fees and charges for that service. Charges for services revenues in 2013 amounted to $25,981,055 or 81.4% of all revenue sources. Other revenue sources include operating grants, capital grants, contributions, investment income, and miscellaneous. Total revenues excluding transfers from other funds were in excess of expenses excluding transfers to other funds by $4,255,575. The change in net position in 2013 was $3,840,373. This represents an increase of $2,565,735 from the increase in 2012 of $1,274,638. There was an increase of $2,173,574 in capital and operating grants, as well as an increase in charges for services of $264,073. Financial Analysis of Monroe County's Funds Governmental Funds Governmental funds provide information on near -term inflows, outflows, and balances of spendable resources. In assessing Monroe County's financing requirements, unassigned fund balance represents the County's net resources available for spending at the end of the fiscal year. The governmental fund types include the general fund, special revenue, debt service and capital project funds. As mentioned earlier in the Financial Highlights, Monroe County's governmental funds reported combined fund balances of $174,560,130 at the end of the current fiscal year. This represents a 3.2% decrease from the prior year. Governmental funds held non -spendable, restricted, committed or assigned amounts totaling $153,065,503 to reflect the various constraints placed on those resources for future use. The General Fund is the chief operating fund of Monroe County and automatically, one of Monroe County's major funds. At September 30, 2013, total fund balance in the General Fund was $35,647,326, a decrease of $1,790,962 from the prior year. The unassigned portion of the General Fund fund balance is $21,494,627 or 60.3%. Total revenues decreased $2,139,352 or 5.8% from the previous year. Revenue from taxes decreased $2,847,085 due to a decision by the Board of County Commissioners to levy lower ad valorem taxes which are based on property values. This was partially offset by Intergovernmental revenues which increased $363,741 and the miscellaneous category which increased by $387,478. Expenditures increased $1,520,152 or 1.9%. Fli C-8 r� Other Maior Fund Information (in thousands) Revenues and Other Sources Expenses and Other Uses Increase/(Decrease) in Fine and Forfeiture 2013 2012 $ 45,051 $ 45,921 HIDTA Grants 2013 2012 $ 19,072 $ 20,376 Governmental Grants 2013 2012 $ 8,743 $ 6,538 47,065 45,933 19,072 20,376 6,903 7,873 Fund Balance $ (2,014) $ 12 $ - $ - $ 1,840 $ (1,335) One Cent Big Coppitt Wastewater Infrastructure Surtax Project 2013 2012 2013 2012 Revenues and Other Sources $ 17,298 $ 16,828 $ 510 $ 693 Expenses and Other Uses Increase/(Decrease) in Fund Balance Revenues and Other Sources Expenses and Other Uses 30,976 14,267 1,054 45 $ 13,678 $ 2,561 $ (544) $ 648 Cudjoe Regional Wastewater Proiect 2013 2012 $ 29,474 $ 952 19,297 818 Debt Service 2013 2012 $ 6,281 $ 8,409 6,183 8,077 Increase/(Decrease) in Fund Balance $ 10,177 $ 134 $ 98 $ 332 Fine and Forfeiture Special Revenue Fund Revenues for this fund decreased slightly. Ad valorem taxes decreased due to the Board of County Commissioners' decision to levy less taxes and revenues decreased in the housing of federal prisoner's at the jail. Expenditures increased from 2012 values in law enforcement and court security. ' HIDTA Grants Special Revenue Fund This fund is used to account for reimbursement grants funded by the U.S. Department of Justice to fight drug trafficking. The volume of revenues and expenditures has not significantly changed as programs established by the grantor have been continued. ' Governmental Grants Special Revenue Fund Grant revenue increases resulted from the recognition of the ARRA Energy Grant deferred revenues from the beginning of the year, Tom's Harbor Bridge Grant and transfers from other funds. Expenditures decreased 12% from the prior year, almost entirely ' due to the ARRA Energy Grant that was completed in 2012. One Cent Infrastructure Surtax Capital Proiects Fund The citizens of Monroe County approved a one ' cent sales surtax which is the main revenue source in the fund. Expenditures increased during the C-9 current year to fund debt retirement and to fund construction costs for the waste water improvement project. Big Coppitt Wastewater Project Revenues decreased due to a reduction in the collection of special assessments associated with the wastewater project. Expenditures increased as a result of a transfer to the Debt Service Fund to cover the payments due during the year. Cudjoe Regional Wastewater Project Intergovernmental revenues increased solely due to the Mayfield Grant of $4,584.323. Other sources increased by the transfer of $19,404,000 from the One Cent Infrastructure Surtax Fund and $5,461,341 from debt proceeds — The Clean Water State Revolving Loan Fund note. Debt Service The County is required to build a wastewater collection system for the Florida Keys. In the current fiscal year, the County obtained a loan for the Cudjoe Regional Wastewater Project through the Florida Department of Environmental Protection's Clean Water State Revolving Loan Fund. Expenditures decreased due to the payment being reduced on the existing CWSRF loan. Proprietary Funds Proprietary fund statements provide the same information as in the business -type activities column of the government -wide statements, but in greater detail and on a fund basis for enterprise funds and internal service funds. The Municipal Service District -Waste Enterprise Fund maintains Monroe County's landfills and transfer sites. Monroe County continues to outsource the waste haul -out services through a major contract. Revenues for Charges for Services - tipping fees are slightly lower than the prior year. The change in service revenues is attributed to an improvement in the County's rate of recycling, which continues to increase. The cost of operations also increased slightly due to an increase in contractual services for waste haul -out. Card Sound Bridge Enterprise Fund The Bridge is an alternative route to the "Eighteen Mile Stretch." Revenues from tolls increased slightly as tourism rebounds somewhat. Investment revenues declined due to a decrease in investments. The Key West Airport Enterprise Fund Revenue increased slightly in charges for services. There were significant increases in capital grants, which were related to security and upgrades of the building. The Marathon Airport Enterprise Fund This fund experienced a relatively stable year. Operating grants increased as they funded additional operating expenses. Other factors concerning the finances of these three major funds have already been addressed in the discussion of Monroe County's business -type activities. The internal service funds include the Worker's Compensation Fund, Group Insurance Fund, Risk Management Fund and the Fleet Management Fund. The self-insurance funds are an important part of Monroe County's operations. Internal service fund operating revenues increased slightly in all funds except Fleet Management, which experienced a slight decrease. Operating expenses rose 9.5% due to higher asserted and paid claims in the Workers' Compensation and Group Insurance Funds. C-10 ICapital Assets Monroe County's financial statements present capital assets in two categories: those assets subject to ' depreciation, such as buildings, infrastructure, and equipment and those not subject to depreciation such as land and construction in process. ' Net investment in capital assets for both governmental and business -type activities at September 30, 2013, was $354,525,407. Net investment in capital assets for governmental activities is $270,422,340 and $84,103,067 for business -type activities. These capital assets include assets purchased as well as donated. They also include infrastructure assets, e.g., bike paths, roads, bridges, stormwater and wastewater sites recorded at historical cost. ' Monroe County has several significant general government construction projects. The County's primary focus for general government capital assets is the construction of its wastewater collection systems. Other ongoing projects include the renovation of the Geiger Key Bridge and the Marathon courthouse, as well as a county -wide project to insure building compliance with ADA requirements. ' Further details are available in Note 7 to the financial statements a es F-16 throw h F-17. P9 9 Long -Term Debt At September 30, 2013, Monroe County had long-term debt in the amount of $81,299,251. This debt is mainly comprised of revenue bonds and notes secured by pledges of revenues. Revenue secured debt for governmental activities is $39,583,215. Monroe County has no general obligation bonds. Additions to long-term debt consisted of the following: • Clean Water State Revolving Fund Construction Loan Agreement 2013 for $5,461,341 • Increases to accrued compensated absences for $1,559,423 • Increases in the cost of other post employment benefits for $3,687,689 Retirements of long-term debt amounted to $18,427,594 which included the retirement of $10,974,735 of revenue bonds and notes. Moody's Investors Service rates Monroe County, Florida Infrastructure Sales Surtax Revenue Bonds, Series 2003 and 2007 as "Al". Standard and Poor's Ratings Services have rated these issues "A+". Further details are available in notes to the financial statements pages F-25 through F-28. u — B Budgetary Highlights General Fund ' There were no significant variations from the original budget to the amended budget. The more significant variations from the amended budget to the actual were the following: ' Miscellaneous Revenues exceeded budget in the line items for the disposition of assets, library donations, and rents. ' • Public Works Facility Maintenance was under budget in utilities and other contractual services. • The Sheriff was under budget in Law Enforcement. C-11 Economic Factors and Next Year's Budgets and Rates Monroe County's short and long-term goals and policies are developed during the budget process each year. The BOCC discusses trends, capital projects and policy priorities at public meetings held during the budget planning phase. These priorities are further refined, clarified and adopted during the budget preparation. The FY 2014 budget was developed in consideration of the economic stabilization being experienced and the resulting moderate increases to sales tax revenues. The financial outlook for Monroe County remains sound. There is a modest rebounding of property values, slow gains in consumer spending and declining unemployment. Revenues from tourism, our main economic source, continue to reflect increases. Total budgeted revenues/sources increased approximately 10.8% between 2013 and 2014. The increase in the overall budget is attributable to major infrastructure and capital projects. The largest revenue source of the County's General Fund is ad valorem taxes. The aggregate millage rate for 2014 is equal to the rolled back rate. This a continued trend of the past several years to use surplus General Fund fund balance to offset ad valorem tax. After property taxes, the Local Government Half - Cent Sales Tax is the single, largest revenue source in the General Fund. An increase of approximately 11 % is expected, as the tourism industry shows signs of recovery. Licenses and Permits are expected to increase 36% due to additional building permits and special assessments. Budgeted expenditures have increased particularly in the Physical Environment and Transportation categories. Expenditures for capital projects are ongoing. Significant capital projects include the following: • Construction of the Cudjoe Regional Wastewater system • Continued implementation of ADA compliance retrofits for County Facilities • Construction/renovation of fire facilities on Stock Island, Conch Key, Plantation Key, Summerland Key and Crawl Key • Renovations for Marathon Courthouse, Freeman Justice Center and Drug Court • Rowell's Marina • Higgs Beach Master Plan • Design of County Road 905 bicycle lane • Customs and Border Protection facility at the Marathon Airport Tourism revenues are very important to the Keys' economic health, and the County will continue to advertise the Keys as a tourist destination. Requests for Information This financial report is designed to provide a general overview of Monroe County's finances for all those with an interest in its finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Finance Director, Clerk of the Circuit Court, 500 Whitehead Street, Key West, Florida 33040. C-12 BASIC FINANCIAL STATEMENTS ASSETS Current Assets: Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Internal Balances Due from Other Governmental Units Advances Interest Receivable Inventory Restricted Cash and Cash Equivalents Restricted Investments Total Current Assets Noncurrent Assets: Restricted Cash and Cash Equivalents Restricted Accounts Receivable Mortgage/ Notes Receivable Allowance for Mortgage/ Notes Receivable Bond Issuance Costs Land and Other Nondepreciable Assets Other Capital Assets, Net of Accum Deprec Total Noncurrent Assets Total Assets LIABILITIES Current Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Claims and Judgements Payable Due to Other Governmental Units Accrued Comp. Absences Payable Other Current Liabilities Deposits in Escrow Unearned Revenue Accrued Interest Payable MONROE COUNTY, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2013 Primary Government Component Unit Governmental Business -Type Monroe County- Comp Activities Activities Total Plan Land Authority $ 71,940,105 $7,947,364 $ 79,887,469 $ 14,371,070 131,435,948 15,941,287 147,377,235 - 2,331,837 1,288,461 3,620,298 - 5,738,282 - 5,738,282 - 1,391,140 (1,391,140) - - 15,357,642 1,365,616 16,723,258 506,402 4,884,653 - 4,884,653 - 345,760 40,435 386,195 - 5,450 - 5,450 - 348,815 - 348,815 - 6,081,687 - 6,081,687 - 239,861,319 25,192,023 265,053,342 14,877,472 r - 4,441,530 4,441,530 - - 214,349 214,349 - 9,076,825 - 9,076,825 9,151,579 (9,076,825) - (9,076,825) - 354,968 119,600,180 - 8,058,193 354,968 127,658,373 - 21,051,752 183,974,873 76,562,144 260,537,017 254 303,930,021 89,276,216 393,206,237 30,203,585 543,791,340 114,468,239 658,259,579 45,081,057 9,830,835 2,180,810 12,011,645 • 750,805 627,575 1,378,380 3,342,459 196,601 3,539,060 2,269,375 - 2,269,375 2,979,647 32,884 3,012,531 2,374,120 16,361 2,390,481 60,385 - 60,385 17,547 90,804 108,351 7,215,889 - 7,215,889 10,051 - 10,051 The notes to the financial statements are an integral part of this statement. 2,077 12,248 22,282 (Continued) fl D-1 ti MONROE COUNTY, FLORIDA STATEMENT OF NET POSITION - CONTINUED SEPTEMBER 30, 2013 Primary Government Component Unit Governmental Business -Type Monroe County- Comp Activities Activities Total Plan Land Authority Capital Leases Payable - 50,000 50,000 - Revenue Notes Payable 440,338 - 440,338 = Revenue Bonds Payable 4,656,091 4,656,091 Total Current Liabilities 33,947,542 3,195,035 37,142,577 36,607 ' Noncurrent Liabilities: Payable from Restricted Assets - Landfill Closure/Postclosure Costs - 169,028 169,028 - Accrued Comp. Absences Payable 7,782,203 279,233 8,061,436 60,565 Capital Leases Payable - 467,270 467,270 - Revenue Notes Payable 14,045,468 - 14,045,468 - ' Revenue Bonds Payable 20,441,318 20,441,318 Other Liabilities - 135,685 135,685 - OPEB Liability 28,992,517 1,579,251 30,571,768 - ' Total Noncurrent Liabilities 71,261,506 2,630,467 73,891,973 60,565 ' Total Liabilities 105,209,048 5,825,502 111,034,550 97,172 DEFERRED INFLOWS OF RESOURCES Advances from Other Governments 411,470 - 411,470 - NET POSITION Net Investment in Capital Assets 270,422,340 84,103,067 354,525,407 21,052,006 ' Restricted: Public Safety 36,380,946 - 36,380,946 - Physical Environment 7,250,282 - 7,250,282 - ' Transportation 15,446,194 2,954,358 18,400,552 Economic Environment 21,105,367 - 21,105,367 - Land Authority - _ - 7,579,268 Court Programs 5,518,143 5,518,143 Human Services 3,124,139 - 3,124,139 - ' Cultural and Recreation General 2,744,785 7,390,952 - 2,744,785 7,390,952 - Landfill Closure and Post Closure - 1,532,493 1,532,493 - Capital Projects Debt Service 22,559,285 2,626,132 - 22,559,285 2,626,132 - Unrestricted 43,602,257 20,052,819 63,655,076 16,352,611 Total Net Position $ 438,170,822 $ 108,642,737 $ 546,813,559 $ 44,983,885 I I D-2 MONROE COUNTY, FLORIDA STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2013 Program Revenues Operating Capital Charges for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Primary government: Governmental activities: General Government $ 32,494,968 $ 9,900,022 $ - $ - Public Safety 97,644,691 13,570,962 20,252,458 - Physical Environment 4,056,887 7,557,781 250,680 8,188,186 Transportation 5,810,368 186,162 334,108 1,501,084 Economic Environment 27,404,840 385,941 1,282,131 - Human Services 8,772,408 541,277 1,289,151 - Culture and Recreation 4,945,156 181,329 89,303 - Court Related 8,678,198 1,676,794 3,182,410 - Interest on Long Term Debt 1,346,365 - - - Total governmental activities 191,153,881 34,000,268 26,680,241 9,689,270 Business -type activities: Solid Waste 16,147,322 17,877,147 120,588 - Toll Bridge 1,299,827 961,458 - - Key West Airport 8,551,579 6,325,872 3,020,042 2,243,781 Marathon Airport 1,654,187 816,578 344,668 99,923 Total business -type activities 27,652,915 25,981,055 3,485,298 2,343,704 Total primary government $ 218,806,796 $ 59,981,323 $ 30,165,539 $ 12,032,974 General Revenues: Taxes: Ad Valorem Taxes Tourist Impact Tax Gas Tax 1/2 Cent Sales Tax One Cent Infrastructure Tax Tourist Development Tax Other Taxes Other St. Shared Rev, Unrestricted Investment Income Settlements, Insurance Recoveries Donations, and Other Income Transfers Total General Revenues and Trsfs Change in Net Position Total Net Position -Beginning Prior Period Adjustment Total Net Position -Beginning, Restated Total Net Position -Ending The notes to the financial statements are an integral part of these statements. �I D-3 1 I Ij Net (Expense) Revenue and Changes in Net Position Primary Government Component Unit Governmental Business -type Monroe County- Comp Activities Activities Total Plan Land Authority $ (22,594,946) $ - $ (22,594,946) $ (548,969) (63,821,271) - (63,821,271) - 11,939,760 - 11,939,760 - (3,789,014) - (3,789,014) - (25,736,768) - (25,736,768) - (6,941,980) - (6,941,980) - (4,674,524) - (4,674,524) - (3,818,994) - (3,818,994) - (1,346,365) - (1,346,365) - (120,784,102) - (120,784,102) (548,969) - 1,850,413 1,850,413 - (338,369) (338,369) _ 3,038,116 3,038,116 _ - (393,018) (393,018) - - 4,157,142 4,157,142 - (120,784,102) 4,157,142 (116,626,960) (548,969) �'I 72,392,013 - 72,392,013 - 3,895,240 - 3,895,240 3,910,253 5,339,694 9,172,600 _ 5,339,694 - 9,172,600 17,172,360 - 17,172,360 27,192,150 - 27,192,150 - 1,837,247 - 1,837,247 - 3,113,211 3,113,211 1,349,397 90,463 1,439, 860 27,922 2,681,696 7,970 2,689,666 - 415,202 (415,202) - - ( 144,560,810 (316,769) 144,244,041 3,938,175 23,776,708 3,840,373 27,617,081 3,389,206 416,116,134 104,592,885 520,709,019 41,594,679 (1,722,020) 209,479 (1,512,541) 414,394,114 104,802,364 519,196,478 41,594,679 $ 438,170,822 $ 108,642,737 $ 546,813,559 $ 44,983,885 1 D-4 MONROE COUNTY, FLORIDA BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 Assets Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Inventory Total Assets Liabilities, Deferred Inflows of Resources and Fund Balances Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances: Fine & HIDTA Governmental General Forfeiture Grants Grants $16,403,580 $ 4,179,080 $ 701,493 $ 616,867 25,723,615 12,403,000 1,766,026 140,253 1,117,366 22,911 - 2,389,283 1,222,938 1,194 1,231,029 445,019 315,068 2,004,262 1,732,802 - - - 335,049 - - - (335,049) 65,250 31,461 - 4,480 5,450 - - - $45,172,450 $19,268,913 $ 2,729,860 $ 5,351,204 $ 3,163,303 $ 131,253 $ 872,688 $ 977,878 - - - 323,785 2,109,756 74,718 121,783 49,413 2,999,089 12,823 548,035 81,174 1,202,164 2,657 1,187,354 77,547 45,402 - - 5,410 - - 9,525,124 221,451 2,729,860 1,509,797 - - 381,199 838,382 - 1,071,748 838,382 - 1,452,947 Nonspendable 5,450 - - - Restricted 102,461 18,209,080 - 2,388,460 Committed - - - - Assigned 14,044,788 - - - Unassigned 21,494,627 - - - Total Fund Balances 35,647,326 18,209,080 - 2,388,460 Total Liabilities, Deferred inflows of Resources and Fund Balances $45,172,450 $ 19,268,913 $ 2,729,860 $ 5,351,204 The notes to the financial statements are an integral part of these statements. fl, E-1 0 One Cent Big Coppitt Cudjoe Regional Nonmajor Total Infrastructure Wastewater Wastewater All Governmental Governmental Surtax Project Project Debt Service Funds Funds $ 2,523,102 $ 768,721 $ 2,453,309 $ 914,291 $ 36,498,530 $ 65,058,973 7,553,349 2,301,502 7,331,012 1,707,509 57,355,535 116,141,548 ' 208 336,850 1,617,588 - 4,463,366 - - 1,274,916 5,738,282 - 1,403,914 - 54,949 8,088,339 - 2,395,979 1,268,733 7,295,372 15,258,137 _ _ 8,741,776 9,076,825 - - - - (8,741,776) (9,076,825) - - 4,727,156 - 157,497 4,884,653 19,160 5,838 18,596 4,332 142,421 291,538 - - - - - 5,450 $ 11,499,733 $ 7,539,427 $ 22,673,361 $ 2,626,132 $ 99,430,461 $ 216,291,541 191,551 $ 10,931 $ 76,600 $ - $ 2,621,109 $ 8,045,313 93,000 - - - 334,020 750,805 20,732 1,396 3,621 874,528 3,255,947 54,087 4,078,436 7,773,644 74 - - - 492,949 2,962,745 7,141,676 74,213 7,215,889 - - - 14,983 60,385 - - - - 12,137 17,547 305,357 66,414 7,221,897 - 8,502,375 30,082,275 - - - - 30,271 411,470 4,391,609 3,504,016 1,431,911 11,237,666 - 4,391,609 3,504,016 - 1,462,182 11,649,136 - - - - - 5,450 11,194,376 3,081,404 11,947,448 2,626,132 81,027,366 130,576,727 2,845,763 2,845,763 - - - - 5,592,775 19,637,563 - - - - - 21,494,627 e 11,194,376 3,081,404 11,947,448 2,626,132 89,465,904 174,560,130 1 $ 11,499,733 $ 7,539,427 $ 22,673,361 $ 2,626,132 $ 99,430,461 $ 216,291,541 E-2 MONROE COUNTY, FLORIDA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO STATEMENT OF NET POSITION SEPTEMBER 30, 2013 Amounts reported for governmental activities in the Statement of Net Position are different because: Ending Fund Balance - Governmental Funds Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds, net of accumulated depreciation of $125,554,133 Bond issuance costs and discount are not available to pay current period expenditures, therefore are reported as an asset in the funds. Deferred inflows of resources are not recognized in the governmental funds as they are not current financial resources. They are reported as a reduction of deferred inflows in the Statement of Net Position Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. Revenue Bonds Payable $ (25,097,409) Revenue Notes Payable (14,485,806) OPEB Liability (28,342,746) Accrued Interest Payable (10,051) Accrued Compensated Absences (10,053,037) Total The Assets and Liabilities of the Internal Service Funds (funds are used to charge the costs of insurance and fleet maintenance activities to individual funds) are not reported in the Governmental Funds. Net Position of governmental activities $ 174,560,130 302, 596, 748 354,968 11,237,666 (77,989,049) 27,410,359 $ 438,170,822 The notes to the financial statements are an integral part of this statement. E-3 El n 1� I 1 I THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government Public Safety Physical Environment Transportation Economic Environment Human Services Culture and Recreation Court Related Capital Projects Debt Service Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Fine & HIDTA Governmental General Forfeiture Grants Grants $ 21,061,375 $ 39,223,057 $ - $ 7,849,908 66,396 19,071,722 7,269,645 4,172,972 4,289,551 - 211,355 15,047 77,682 - - 181, 992 71,368 - 1,578 1,532,302 2,064 - 47,390 34, 813, 596 43, 730,118 19, 071, 722 7,529,968 25,813,128 458,115 - - 41,002,483 8,302,630 19,071,722 596,993 168,134 - - 277,415 546,307 - - 2,814,624 560,665 - - 833,347 6,701,957 - - 1,626,633 3,134,592 - - 74,939 3,913,941 297,719 - - 81,841,207 9,058,464 19,071,722 6,223,951 (47,027,611) 34,671,654 Transfers from Other Funds 48,411,991 1,320,524 Transfers to Other Funds (3,175,342) (38,006,322) Debt Proceeds - - Total Other Financing Sources/(Uses) 45,236,649 (36,685,798) Net Change in Fund Balances (1,790,962) (2,014,144) Fund Balances -October 1 37,438,288 20,223,224 Prior Period Adjustment - - Fund Balances -October 1, Restated Fund Balances -September 30 37,438,288 20,223,224 1.306.017 1,212,719 (678,463) 534,256 1,840,273 548,187 548,187 $ 35,647,326 $ 18,209,080 $ - $ 2,388,460 The notes to the financial statements are an integral part of these statements. E-4 I One Cent Big Coppitt Cudjoe Regional Nonmajor Total Infrastructure Wastewater Wastewater All Governmental Governmental Surtax Project Project Debt Service Funds Funds L$ 17,172,360 $ - $ - $ - $ 46,279,182 $ 123,735,974 - 337,694 - - 3,607,024 3,944,718 L - 4,584,323 13,027,224 51,869,218 = _ 10,456,619 19,130,497 - - - - 1,535,927 1,628,656 38,775 132,396 23,612 9,880 811,207 1,270,808 65,843 39,902 536,347 2,223,848 17,276,978 509,992 4,607,935 9,880 76,253,530 203,803,719 - - - - 2,549,148 28,820,391 - - - - 22,374,255 91,348,083 - - - - 1,250,160 1,695,709 - - 4,519,334 7,880,265 _ _ 25,989,712 27,383,724 - - - - 206,935 8,535,525 - 1,567,118 4,776,649 _ 4,300,431 8,512,091 2,161,000 29,873 19,294,675 - 7,777,484 29,263,032 - - - 6,182,695 - 6,182,695 2,161,000 29,873 19,294,675 6,182,695 70,534,577 214,398,164 15,115,978 480,119 (14,686,740) (6,172,815) 5,718,953 (10,594,445) 21,132 - 19,404,926 6,271,340 8,235,292 84,877,924 (28,814,563) (1,023,969) (2,000) - (12,045,321) (83,745,980) - - 5,461,341 - - 5,461,341 (28,793,431) (1,023,969) 24,864,267 6,271,340 (3,810,029) 6,593,285 (13,677,453) (543,850) 10,177,527 98,525 1,908,924 (4,001,160) 24,871,829 3,552,047 3,203,828 2,527,607 87,918,300 180,283,310 - 73,207 (1,433,907) - (361,320) (1,722,020) 24,871,829 3,625,254 1,769,921 2,527,607 87,556,980 178,561,290 r$ 11,194,376 $ 3,081,404 $ 11,947,448 $ 2,626,132 $ 89,465,904 $ 174,560,130 I E-5 MONROE COUNTY, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2013 Amounts reported for governmental activities in the statement of activities are different because: Net change in fund balances - total governmental funds $ (4,001,160) Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays of $33,697,276 exceed depreciation of $9,449,385 in the current period. 24,247,891 Governmental Funds do not report donated capital assets as they do not provide current financial resources. Governmental activities report donated assets at fair market value. 20,301 Debt issuance is reported as revenue on the governmental funds as current financial resources are available, but as a long-term liability on the Statement of Net Position. (5,461,341) Payment of long-term debt is reported as an expenditure on the Governmental Funds as current financial resources are used, but a reduction of long-term liabilities in the Statement of Net Position. 4,510,170 The change in compensated absences is reported on the Statement of Activities but is not reported in the governmental funds as current financial resources are not used. (1,644,210) The change in OPEB liability is reported on the Statement of Activities but is not reported in governmental funds as current financial resources are not used. (3,426,022) Governmental funds report the effect of issuance costs, premiums, discounts, , and similar items when debt is first issued; whereas, these amounts are deferred and amortized in the Statement of Activities. In addition, interest and other accruals not using current financial resources are reported as governmental activities. The amount is the net effect of these transactions. 326,160 Revenues that do not provide current financial resources are not reported on governmental funds. However, revenues that are earned in the current period are reported in the Statement of Activities. 7,424,459 The net revenues of internal service funds (funds used to charge the costs of certain activities to individual funds) are reported with governmental activities. 1,780,460 Change in net position of governmental activities $ 23,776,708 I The notes to the financial statements are an integral part of this statement. E-6 MONROE COUNTY, FLORIDA 1 GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with ' Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 21,029,748 $ 21,029,748 $ 21,061,375 $ 31,627 Intergovernmental 7,391,477 7,391,477 7,849,908 458,431 Charges for Services 3,906,441 3,906,441 4,172,972 266,531 Fines and Forfeitures 9,200 9,200 15,047 5,847 Investment Income 170,124 170,124 181,992 11,868 1 Miscellaneous 602,015 658,326 1,532,302 873,976 Total Revenues 33,109,005 33,165,316 34,813,596 1,648,280 EXPENDITURES: Current: General Government: Board of County Commissioners Admin 1,640,769 1,640,769 1,418,517 222,252 Clerk to BOCC-Financial Package 5,000 5,000 5,000 Gov't Enterprise Management System 200,000 200,000 26,386 173,614 Clerk Comm & Fees-TDC 105,862 105,862 105,862 - Clerk Comm & Fees-Noncourt 3,457,856 3,457,856 2,996,272 461,584 Insurances -Supervisor of Elections 129,086 129,086 116,792 12,294 Promotional Advertising 5,000 5,000 549 4,451 Value Adjustment Board 35,000 35,000 24,695 10,305 Tax Increment Payment 300,000 300,000 205,666 94,334 Employee Suggestion Plan 10,000 10,000 - 10,000 Lobbyist 126,000 164,000 128,318 35,682 County Administrator 873,829 1,039,295 833,490 205,805 Technical Services 1,497,167 1,497,167 1,257,187 239,980 Technology 412,730 412,730 250,162 162,568 Grants Administration 175,803 175,803 140,274 35,529 Office of Management & Budget 456,115 456,115 314,732 141,383 Purchasing 214,217 214,217 183,421 30,796 Personnel 358,360 358,360 355,263 3,097 ' Public Works Management 125,723 127,868 124,483 3,385 Public Works Facilities Maintenance 7,694,245 7,694,245 6,464,497 1,229,748 ADA Compliance 10,000 10,000 1,840 8,160 FJC Lobby 329,310 329,310 2,333 326,977 MenB Dressing Room 30,000 30,000 - 30,000 County Attorney 1,528,977 1,528,977 1,152,563 376,414 Tax Collector 4,355,777 4,390,695 4,280,762 109,933 Property Appraiser 3,884,289 3,884,289 3,637,741 246,548 Supervisor of Elections 1,624,000 1,724,000 1,671,456 52,544 Quasi External Services 125,000 125,000 119,867 5,133 Total General Government 29,710,115 30,050,644 25,813,128 4,237,516 ` The notes to the financial statements are an integral part of these statements. (Continued) E-7 MONROE COUNTY, FLORIDA GENERALFUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Public Safety: Hurricane Emergency Management Marathon Emer Operations Center Medical Examiner American Red Cross Lower Keys Sheriff Law Enforcement Sheriff Corrections Fire Academy Total Public Safety Physical Environment: Extension Service Transportation: County Engineer Economic Environment: Literacy Volunteers of America Veteran's Affairs Veteran's Affairs Transportation Total Economic Environment Human Services: Middle Keys Guidance Clinic Older Americans Volunteer Program Helpline Domestic Abuse Shelter Hospice of the Florida Keys Florida Keys Outreach Coalition Samuel's House Womankind Grace Jones AIDS Help Good Health Clinic Monroe Cty Assn for Retarded Citizens Heron/ Peacock Florida Keys Children's Shelter Wesley House MCEF/ Monroe Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) 300,000 300,000 - 300,000 218,795 221,457 219,233 2,224 71,054 71,054 30,633 40,421 -589,505 589,505 584,837 4,668 15,000 15,000 15,000 - 23,381,395 23,381,395 22,058,932 1,322,463 17,801,915 17,801,915 17,732,039 69,876 569,707 569,707 361,809 207,898 42,947,371 42,950,033 41,002,483 1,947,550 189,895 189,895 168,134 21,761 471,195 671,195 546,307 124,888 10,000 10,000 10,000 - 436,081 431,990 417,724 14,266 129,802 133,893 132,941 952 575,883 575,883 560,665 15,218 32,290 32,290 29,599 2,691 500 500 299 201 10,000 10,000 10,000 - 30,000 30,000 30,000 - 141,000 141,000 141,000 - 43,000 43,000 43,000 - 90,000 90,000 90,000 - 96,000 96,000 96,000 - 40,000 40,000 36,433 3,567 30,000 30,000 30,000 - 63,400 63,400 63,400 - 155,000 155,000 155,000 - 35,000 35,000 35,000 - 159,000 159,000 159,000 - 160, 000 160,000 160,000 - 25,000 25,000 22,566 2,434 The notes to the financial statements are an integral part of these statements. (Continued) E-8 MONROE COUNTY, FLORIDA GENERALFUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with 1 Final Budget Original Final Positive Budget Budget Actual (Negative) Florida Keys Area 45,000 45,000 45,000 - Rural Health Network 300,000 300,000 300,000 - ' FL Keys Healthy Start Coalition 30,000 38,500 38,500 - Keys Area Interdenominational Resources 25,000 25,000 25,000 - Star of the Sea Foundation 55,000 55,000 55,000 - Independence Cay 25,000 25,000 25,000 - Be the Change of the FL Keys 25,000 25,000 25,000 - Anchors Aweigh Baker Act LKMC FS 394.463 2,200 83,334 2,200 83,334 2,200 83,333 - 1 Baker Act GCC FS 394.463 775,792 - - - 1 GCC Baker Act Transp GCC SamH FS 394.76 146,000 146,000 657,066 134,415 657,066 11,585 GCC Jail Inhouse Program - 118,726 94,245 24,481 Health Department Lease Historic FI Keys Foundation 66,000 28,500 66,000 28,500 66,000 28,500 - - Animal Shelters 962,925 975,325 973,993 1,332 Welfare Administration Welfare Services 468,871 1,113,200 511,871 1,000,935 508,876 941,571 2,995 59,364 Health Care Respite Act 40,000 40,000 - 40,000 ' Bayshore Manor Social Service Transportation 764,129 842,100 764,129 924,100 703,176 893,785 60,953 30,315 Total Human Services 6,908,241 6,941,876 6,701,957 239,919 tCulture and Recreation: Fine Arts Council 57,000 57,000 57,000 - Lower Keys AARP 4,500 4,500 4,500 - Middle Keys AARP 4,500 4,500 2,465 2,035 Big Pine Key AARP 4,500 4,500 4,058 442 Upper Keys AARP 4,500 4,500 2 4,498 L Boys and Girls Club 65,000 65,000 65,000 Big Pine Athletic Association 44,000 44,000 44,000 - Heart of the Keys Recreation 34,000 34,000 34,000 - ' Higgs Beach Maintenance 96,339 96,339 95,503 836 Library Admin Support 585,396 592,896 587,551 5,345 Library Key West Library Key West Donations 856,377 848,277 119,031 803,954 41,787 44,323 77,244 Library Marathon 350,022 350,022 346,037 3,985 Library Marathon Donations Library Islamorada - 304,220 14,207 316,575 4,431 303,360 9,776 13,215 Library Islamorada Donations - 1,109 474 635 The notes to the financial statements are an integral part of these statements. (Continued) E-9 r MONROE COUNTY, FLORIDA GENERALFUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Library Key Largo 413,682 413,682 403,404 10,278 Library Key Largo Donations - 2,706 - 2,706 Library Big Pine Key 343,853 344,453 334,423 10,030 Library Big Pine Key Donations - 12,134 2,643 9,491 Total Culture and Recreation 3,167,889 3,329,431 3,134,592 194,839 Court Related: Law Library 67,156 67,156 66,518 638 Guardian Ad Litem 167,005 167,005 116,295 50,710 State Attorney 317,167 317,167 228,060 89,107 Public Defender 567,100 567,100 563,918 3,182 Sheriff Court Security 1,424,946 1,424,946 1,424,946 - Court Administration 4,325 4,325 3,644 681 Court Admin-Judicial Support 172,793 172,793 167,810 4,983 Court Admin-Circuit Ct Reporter Svcs 1,675 1,675 1,418 257 Court Admin-Circuit Drug Court 387,596 387,596 374,425 13,171 Court Admin-Pretrial Release 464,117 468,597 463,462 5,135 Court Admin-Family Ct Case Mgmt 146,491 148,979 148,216 763 Ct. Admin-Other Circuit Court Juvenile 45,895 45,895 43,013 2,882 Ct. Admin-Pretrial Svcs Drug Diversion 128,846 128,846 127,805 1,041 Court Admin-Information Systems 184,239 185,016 184,411 605 Total Court Related 4,079,351 4,087,096 3,913,941 173,155 Total Expenditures 88,049,940 88,796,053 81,841,207 6,954,846 Excess/Deficiency of Revenues Over/(Under) Expenditures (54,940,935) (55,630,737) (47,027,611) 8,603,126 Other Financing Sources/(Uses): Reserve for Contingencies (1,491,299) (678,250) - 678,250 Reserve for Cash Balance (5,400,000) (5,400,000) - 5,400,000 Transfers from Other Funds 50,864,107 50,864,107 48,411,991 (2,452,116) Transfers to Other Funds (3,052,398) (3,175,645) (3,175,342) 303 Total Other Financing Sources/(Uses) 40,920,410 41,610,212 45,236,649 3,626,437 Net Change in Fund Balances (14,020,525) (14,020,525) (1,790,962) 12,229,563 Fund Balances, October 1 14,020,525 14,020,525 37,438,288 23,417,763 Fund Balances, September 30 $ - $ - $ 35,647,326 $ 35,647,326 The notes to the financial statements are an integral part of these statements. E-10 I ri THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA FINE AND FORFEITURE SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: General Government: Tax Increment Payment Public Safety: Sheriff Law Enforcement Sheriff Corrections Bond Refunds LEEA Funds Correction Facilities Medical Air Transport Interagency Communications Juvenile Detention Cost Share Total Public Safety Court Related: Sheriff Extradition Sheriff Court Security Total Court Related Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures $ 40,420,585 $ 40,420,585 $ 39,223,057 $ (1,197,528) - - 66,396 66,396 3,795,600 3,795,600 4,289,551 493,951 92,200 92,200 77,682 (14,518) 135,500 135,500 71,368 (64,132) 3,000 152,999 2,064 (150,935) 44,446,885 44,596,884 43,730,118 (866,766) 550,000 550,000 458.115 91.885 2,635,220 2,795,250 2,784,959 10,291 2,511,422 2,467,298 2,450,910 16,388 25,000 25,000 - 25,000 75,000 75,000 75,000 - 2,925,118 2,925,118 1,686,418 1,238,700 1,108,816 1,177,909 892,759 285,150 50,052 14,052 13,192 860 401,448 420,100 399,392 20,708 9,732,076 9,899,727 8,302,630 1,597,097 50,000 50,000 2 0, 041 29,959 279,118 280,118 277,678 2,440 329,118 330,118 297,719 32,399 10,611,194 10,779,845 9,058,464 1,721,381 33,835,691 33,817,039 34,671,654 854,615 E The notes to the financial statements are an integral part of these statements. (Continued) E-11 1 MONROE COUNTY, FLORIDA FINE AND FORFEITURE SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget ' Original Final Positive Budget Budget Actual (Negative) Other Financing Sources/(Uses): Reserve for Contingencies (440,000) (792,222) - 792,222 Reserve for Cash Balance Transfers to Other Funds (10,146,846) (38,162,999) (9,775,972) (38,162,999) - (38,006,322) 9,775,972 156,677 Transfers from Other Funds 1,100,000 1,100,000 1,320,524 220,524 ' Total Other Financing Sources/(Uses) (47,649,845) (47,631,193) (36,685,798) 10,945,395 Net Change in Fund Balances (13,814,154) (13,814,154) (2,014,144) 11,800,010 Fund Balances, October 1 13,814,154 13,814,154 20,223,224 6,409,070 Fund Balances, September 30 $ - $ - $18,209,080 $18,209,080 t The notes to the financial statements are an integral part of these statements. E-12 MONROE COUNTY, FLORIDA HIDTA SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Intergovernmental Expenditures: Current: Public Safety: Public Safety: Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 20,700,000 $ 20,000,000 $19,071,722 $ (928,278) 20,700,000 20,000,000 19,071,722 928,278 The notes to the financial statements are an integral part of these statements. E-13 I �l I THIS PAGE INTENTIONALLY LEFT BLANK I I D MONROE COUNTY, FLORIDA GOVERNMENTAL GRANTS SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Intergovernmental Charges for Services Investment Income Miscellaneous Total Revenues Expenditures: Current: Public Safety: Emergency Management Base Grant Federal Emergency Base Grant Radiological Emerg Preparedness EMS Award Grant SHSGP ISS7 CSP/ICS Grant SHSGP IS10 ICSNVEB SHSGP 11DS-40-11-54-01 SHSGP 12DS-20-12-54-01 SHSGP 12SS-00-10-9S-01 ODP UASI 07 Grant MCSO/Emg Mgmt UASI 09 Grant MCSO/Emg Mgmt UASI 11 Grant FEMA-Tropical Storm Isaac Total Public Safety Physical Environment: Canal Management Master Plan Bathymtrc Srvys MC Canal IE Plant Removal Crew FK103 IE Plant Removal Crew FK109 IE Plant Removal Crew FK116 IE Plant Removal Crew FK119 Clean Vessel Act 10-575 Total Physical Environment Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $49,315,914 $ 7,269,645 $ (42,046,269) - 148,270 211,355 63,085 - 33,004 1,578 (31,426) - 55,895 47,390 (8,505) - 49,553,083 7,529,968 (42,023,115) - 211,612 109,527 102,085 - 94,164 65,761 28,403 - 142,278 120,047 22,231 - 118,683 14,502 104,181 - 14,402 13,967 435 - 56,500 56,500 - - 14,500 - 14,500 - 20,000 19,910 90 - 35,500 34,395 1,105 - 34,461 - 34,461 - 85,319 81,644 3,675 - 176,744 58,585 118,159 - 150,000 22,155 127,845 - 1,154,163 596,993 557,170 - 100,000 99,846 154 - 100,000 97,039 2,961 - 17,644 - 17,644 - 91,039 55,053 35,986 - 75,000 2,506 72,494 - 50,000 - 50,000 - 84,121 22,971 61,150 - 517,804 277,415 240,389 The notes to the financial statements are an integral part of these statements. E-14 (Continued) t� I I MONROE COUNTY, FLORIDA GOVERNMENTAL GRANTS SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Transportation: Old SR940 Leg A Bridge Repair No Name Key Brdg #904320 Card Sound Bridge Repair Tom's Harbor Channel Bridge Transp Planning Prog 07-09 Transp Planning Prog 2012 Pigeon Key Ferry Service LAP Wayfinding Signage Total Transportation Economic Environment: Disaster Recovery CDBG Small Cities CDBG 2010 CBDG DR 2008 DREF Total Economic Environment Human Services: Drug Court Pgm Urin Lab B&G Club Smart Kids Prm GCC Jail inhouse Program Samuel House Crt Mand Subst Abuse H/P Res: Prevention of Mental Illness Be The Change -Viol & Subst Abuse GCC Male Jail inhouse Program Title 11113 Supportive Services - 2012 Title 1116 Supportive Services - 2013 Title IIIC1 Congregate Meals - 2012 Title IIIC1 Congregate Meals - 2013 Title IIIC2 Home Delivered Meals-2012 Title IIIC2 Home Delivered Meals-2013 Title III-E Caregiver Support Svc-2012 Title III-E Caregiver Support Svc-2013 Low Income Home Energy Prog 12/13 Low Income Home Energy Prog 13/14 Alzheimer's Disease Initiative 11/12 Alzheimer's Disease Initiative 12/13 Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) - 796,121 250,611 545,510 - 6,414,489 55,201 6,359,288 - 580,000 66,814 513,186 - 2,078,163 2,018,854 59,309 - 26,183 27,310 (1,127) - 380,000 164,030 215,970 - 406,268 231,249 175,019 - 1,098,586 555 1,098,031 - 11,779,810 2,814,624 8,965,186 - 1,395,200 440,610 954,590 - 728,895 128,703 600,192 - 844,752 264,034 580,718 - 2,968,847 833,347 2,135,500 - 12,447 8,600 3,847 - 16,499 10,093 6,406 - 16,500 16,500 - - 16,499 16,499 - - 16,499 16,499 - - 16,499 16,400 99 - 67,000 67,000 - - 1,765 488 1,277 - 50,289 16,714 33,575 - 59,413 50,980 8,433 - 176,415 130,034 46,381 - 83,165 78,055 5,110 - 255,160 157,493 97,667 - 22,474 17,853 4,621 - 70,348 66,464 3,884 - 105,768 102,215 3,553 - 245,491 133,564 111,927 - 51,569 50,033 1,536 - 76,408 17,482 58,926 The notes to the financial statements are an integral part of these statements. (Continued) E-15 MONROE COUNTY, FLORIDA GOVERNMENTAL GRANTS SPECIAL REVENUE FUND 'STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2013 Community Care Disabled Adults 12/13 Community Care for the Elderly 11/12 Community Care for the Elderly 12/13 Home Care for the Elderly 11/12 Home Care for the Elderly 12/13 ESG KPZ06 13/14 ARRA Weatherization Asst Program Low Income Home Weather Asst Prgm Weather Asst Prgm Total Human Services Culture and Recreation: State Aid to Libraries Total Culture and Recreation Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) - 146,656 69,046 77,610 - 300,287 300,109 178 - 337,299 107,170 230,129 - 21,391 12,531 8,860 - 14,104 4,643 9,461 - 111,608 91,752 19,856 - 61,289 51,891 9,398 - 12,572 11,267 1,305 - 18,792 5,258 13,534 - 2,384,206 1,626,633 757,573 107,978 74,939 33,039 107,978 74,939 33,039 - 18,912,808 6,223,951 12,688,857 30,640,275 1,306,017 - (29,334,258) - 2,438,982 1,212,719 (1,226,263) - (33,079,257) (678,463) 32,400,794 -_ (30,640,275) 534,256 31,174,531 - 1,840,273 1,840,273 548,187 548,187 $ 2,388,460 $ 2,388,460 I The notes to the financial statements are an integral part of these statements. E-16 3 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2013 ASSETS Current Assets: Cash and Cash Equivalents Investments Accounts Receivable, Net Due from Other Funds Due from Other Governmental Units Interest Receivable Total Current Assets Noncurrent Assets: Restricted Cash and Cash Equivalents Restricted Accounts Receivable Land and Other Nondepreciable Assets Capital Assets, Net of Accum. Depreciation Total Noncurrent Assets Total Assets LIABILITIES Current Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Claims and Judgements Payable Due to Other Funds Due to Other Governmental Units Accrued Comp. Absences Payable Capital Leases Payable Deposits in Escrow Total Current Liabilities Business -type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport $ 2,975,360 $ 1,687,956 $ 3,023,125 8,822,612 4,995,129 1,401,365 421,744 200 832,772 3,983 - 41,378 89,506 2,573 1,132,882 22,379 12,670 3,555 12,335,584 6,698,528 6,435,077 1,701,521 - 2,740,009 - - 214,349 3,629,620 50,000 2,901,914 218,658 8,197,831 58,097,528 5,549,799 8,247,831 63,953,800 17, 885, 383 14, 946, 359 70, 388, 877 1,158, 568 4,920 899,189 - 627,575 51,156 34,773 90,991 - 1,928 1,145 17,015 1,109 11,086 - 10,608 5,753 50,000 - - 76,498 - 8,000 1,353,237 53,338 1,643,739 The notes to the financial statements are an integral part of these statements. E-17 Governmental Major Funds Activities Internal Marathon Service Airport Total Funds $ 260,923 $ 7,947,364 $ 7,229,947 722,181 15,941,287 21,376,087 33,745 1,288,461 714,249 1,145 46,506 447,029 140,655 1,365,616 99,505 1,831 40,435 54,222 1,160,480 26,629,669 29,921,039 - 4,441,530 - - 214,349 - 1,476,659 8,058,193 54,000 10,048,127 76, 562,144 924,305 11,524,786 89,276,216 978,305 12,685,266 115,905,885 30,899,344 118,133 2,180, 810 1,785,522 - 627,575 - 19,681 196,601 86,512 - - 2,269,375 - 3,073 12,190 3,674 32,884 16,902 - 16,361 9,677 - 50,000 - 6,306 90,804 - 147,794 3,198,108 4,180,178 (Continued) E-18 MONROE COUNTY, FLORIDA STATEMENT OF NET POSITION - CONTINUED PROPRIETARY FUNDS SEPTEMBER 30, 2013 Noncurrent Liabilities: Payable from restricted assets -Landfill closure/post closure costs Accrued Comp. Absences Payable Other Liabilities Capital Leases Payable OPEB Liability Total Noncurrent Liabilities Total Liabilities NET POSITION Net investment in capital assets Restricted for: Passenger Facility Charges Landfill Unrestricted Total Net Position Business -type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport 169,028 - - 81,360 62,528 120,660 129,632 - 6,053 467,270 - - 513,783 271,413 503,424 1,361,073 333,941 630,137 2,714,310 387,279 2,273,876 3,331,008 8,247,831 60,999,442 - - 2,954,358 1,532,493 - - 10,307,572 6,311,249 4,161,201 $ 15,171,073 $ 14,559,080 $ 68,115,001 Adjustment to reflect the consolidation of internal service activities related to enterprise funds fli I i� The notes to the financial statements are an integral part of these statements. E-19 Major Funds Marathon Airport Total Governmental Activities Internal Service Funds - 169,028 - 14,685 279,233 93,609 - 135,685 - - 467,270 - 290,631 1,579,251 649,771 305,316 2,630,467 743,380 453,110 5,828,575 4,923,558 11,524,786 84,103,067 978,305 2,954,358 - - 1,532,493 - 707,370 21,487,392 24,997,481 $ 12,232,156 110,077,310 $ 25,975,786 (1,434, 573) $ 108,642,737 E-20 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Operating Revenues: Franchise Fees Charges for Services Fines and Forfeitures Miscellaneous Total Operating Revenues Operating Expenses: Personnel Services Operations Depreciation and Amortization Asserted and Paid Claims Total Operating Expenses Operating Income/(Loss) Nonoperating Revenues/(Expenses): Operating Grants Grants and Donations - Other Sources Other Income - PFC Grants and Donations Investment Income Insurance Recoveries Gain (Loss) on Disposition of Assets Interest Expenses and Fiscal Charges Total Non -Operating Revenues/(Expenses) Income/(Loss) Before Contributions and Transfers Transfers from Other Funds Transfers to Other Funds Capital Grants and Contributions Change in Net Position Total Net Position -October 1 Prior Period Adjustment Total Net Position -October 1, Restated Business -type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport $ 514,965 $ - $ - 17,362,182 961,458 6,325,224 - - 648 917 - 6,723 17,878,064 961,458 6,332,595 1,104,549 758,717 1,841,249 14,994,936 177,558 4,304,742 75,986 357,714 2,181,216 16,175,471 1,293,989 8,327,207 1,702,593 (332,531) (1,994,612) 70,588 - 1,585,808 50,000 - - - - 1,434,234 38,594 18,284 31,508 (536) (4,528) - - - (299,015) 158,646 13,756 2,752,535 1,861,239 (318,775) 757,923 3,704 - - (223,407) (195,499) (50,888) - - 2,243,781 1,641,536 (514,274) 2,950,816 13,529,537 15,073,354 64,954,706 - - 209,479 13,529,537 15,073,354 65,164,185 Total Net Position -September 30 $ 15,171,073 $ 14,559,080 $ 68,115,001 Adjustment to reflect the consolidation of internal service activities related to enterprise funds. Change in Net Position of Business -type Activities The notes to the financial statements are an integral part of these statements. V� E-21 Governmental Major Funds Activities Internal Marathon Service Airport Total Funds $ - $ 514,965 $ - 816,578 25,465,442 22,304,499 - 648 - 330 7,970 78,759 816,908 25,989,025 22,383,258 334,211 4,038,726 1,587,935 749,826 20,227,062 4,669,473 637,056 3,251,972 70,033 - - 14,420,821 1,721,093 27,517,760 20,748,262 (904,185) (1,528,735) 1,634,996 344,668 2,001,064 - - 50,000 - - 1,434,234 - - 12,728 2,077 90,463 76,986 - - 941,129 (411) (5,475) 700 - (299,015) - 346,334 3,271,271 1,031,543 (557,851) 1,742,536 2,666,539 50,888 54,592 - - (469,794) (716,742) 99,923 2,343,704 - (407,040) 3,671,038 1,949,797 12,639,196 24, 025, 989 12,639,196 $ 12,232,156 169,335 3,840,373 24,025,989 $ 25,975,786 E-22 MONROE COUNTY, FLORIDA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Operating Activities: Cash received for services Cash rec'vd from other funds for goods and svcs Cash received from insurance recoveries Cash received from others-PFC Cash payments to suppliers for goods and svcs Cash payments for employee services Cash payments to other funds Cash payments for claims Other operating revenue Net Cash Provided by/(Used in) Operating Activities Noncapital Financing Activities: Operating grants received Transfers from other funds Transfers to other funds Net Cash Provided/(Used) by Noncapital Financing Activities Capital and Related Financing Activities: Proceeds from capital grants Acquisition of capital assets Principal paid on capital debt Interest and fiscal charges paid on capital debt Proceeds from sale of capital assets Net Cash Provided/(Used) by Capital and Related Financing Activities Investing Activities: Business -type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport $ 17,931,121 $ 958,685 $ 5,680,923 1,429,364 (14,974,854) (73,339) (4,905,970) (880,211) (558,132) (1,518,771) (544,313) (256,463) (379,012) 917 - 7,371 1,532,660 70,751 313,905 70,588 - 1,655,754 3,704 - - (223,407) (195,499) (50,888) (149,115) (195,499) 1,604,866 - 1,546,126 (98,012) (40,689) (1,679,785) (6,060,000) (54,052) (98,012) (40,689) (6,247,711) Investment income 132,910 79,015 57,746 Proceeds from sales and maturities of investments 3,654,252 3,138,178 3,400,392 Purchase of investment securities (3,921,999) (2,417,417) (709,130) Net Cash Provided/(Used) in Investing Activities (134,837) 799,776 2,749,008 Net Increase/(Decrease) in Cash and Cash Equivalents 1,150,696 634,339 (1,579,932) Cash and Cash Equivalents: October 1 3,526,185 1,053,617 7,343,066 September 30 $ 4,676,881 $ 1,687,956 $ 5,763,134 The notes to the financial statements are an integral part of these statements. E-23 I Il Governmental ' Major Funds Activities Internal Marathon Service ' Airport Total Funds ' $ 810,837 $ 25,381,566 $ 4,456,681 17,586,723 - - 235,043 - (751,294) 1,429,364 (20,705,457) - (4,999,435) (264,897) (3,222,011) (1,004,081) (125,070) (1,304,858) (625,014) - - (14,605,053) 330 8,618 78,694 ' (330,094) 1,587,222 1,123,558 ' 362,766 2,089,108 = 50,888 54,592 - (469,794) (716,742) ' 413,654 1,673,906 (716,742) ' 145,510 1,691,636 - (269,240) (2,087,726) (30,048) = (6,060,000) = (54,052) - - 700 (123,730) (6,510,142) (29,348) 10,864 280,535 321,070 457,908 10,650,730 11,109,656 (350,276) (7,398,822) (9,917,898) 118,496 3,532,443 1,512,828 ' 78,326 283,429 1,890,296 ' 182,597 12,105,465 5,339,651 $ 260,923 $ 12,388,894 $ 7,229,947 (Continued) ' E-24 MONROE COUNTY, FLORIDA STATEMENT OF CASH FLOWS -CONTINUED PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Reconciliation of operating income/(loss) to net cash provided by/(used in) operating activities: Operating income/(loss) Adjustments to reconcile operating income/(loss) to net cash provided by/(used in) operating activities: Depreciation and Amortization Nonoperating Income-PFC Nonoperating Income -Insurance Recoveries Change in Assets and Liabilities: (Increase)/Decrease in Accounts receivable (Increase)/Decrease in Due from other funds (Increase)/Decrease in Due from other gov't units (Increase)/Decrease in Due fm constitutional ofcrs (Increase)/Decrease in Due from prepaid expense Increase/(Decrease) in Accounts payable Increase/(Decrease) in Accrued wages/benefits Increase/(Decrease) in Claims/judgments payable Increase/(Decrease) in Due to other funds Increase/(Decrease) in Due to other gov't units Increase/(Decrease) in Due to constitutional ofcrs Increase/(Decrease) in Comp. absences payable Increase/(Decrease) in Deposits in escrow Increase/(Decrease) in Landfill Closure Costs Increase/(Decrease) in Deferred revenue Increase/(Decrease) in OPEB liability Total adjustments Net Cash Provided by/(Used in) Operating Activities Noncash investing, capital, and financing activities: Business -type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport $ 1,702,593 $ (332,531) $ (1,994,612) 75,986 357,714 2,181,216 - - 1,429,364 46,973 (200) (96,861) (989) - - 12,797 (2,573) - (335) - 48,218 - - 30,000 (23,581) 2,843 (739,947) (11,392) 4,434 9,084 - (631) 983 (39,738) 1,109 (1,546) - 377 (3,412) (33,653) 5,219 (7,692) (5,461) - - (255,956) - - - - (595,658) 65,416 34,990 54,768 (169,933) 403,282 2,308,517 $ 1,532,660 $ 70,751 $ 313,905 Contribution of capital assets from gov't $ - $ - $ - Gain (Loss) on disposition of assets $ (536) $ (4,528) $ - Forgiveness of capital lease amount $ 50,000 $ - $ - Change in fair value of investments $ (87,955) $ (54,213) $ (19,210) Cash Reconciliation: Unrestricted $ 2,975,360 $ 1,687,956 $ 3,023,125 Restricted 1,701,521 - 2,740,009 Total $ 4,676,881 $ 1,687,956 $ 5,763,134 The notes to the financial statements are an integral part of these statements. E-25 Governmental ' Major Funds Activities Internal Marathon Service ' Airport Total Funds $ (904,185) $ (1,528,735) $ 1,634,996 637,056 3,251,972 70,033 ' - 1,429,364 - 941,129 (4,812) (54,900) (704,937) ' (1,145) (2,134) 25,576 216 10,440 (24,622) - 47,883 (272,715) ' 30,000 (89,073) (849,758) 595,157 5,929 8,055 12,264 ' (732,467) (92) 260 (470,800) 662 (39,513) 8,010 ' (3,035) 9,452 (4,062) (40,188) (44,599) (255,956) - (595,658) - ' 29,412 184,586 3,115,957 77,081 574,091 (511,438) ' $ (330,094) $ 1,587,222 $ 1,123,558 '$ - $ - $ 12,728 $ (411) $ (5,475) $ $ - $ 50,000 $ - ' $ (7,855) $ (169,233) $ (222,421) ' $ 260,923 $ 7,947,364 $ 7,229,947 4,441,530 ' $ 260,923 $ 12,388,894 $ 7,229,947 I E-26 MONROE COUNTY, FLORIDA STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS September 30, 2013 ASSETS Cash and Cash Equivalents $ Investments US Treasury Notes Federal Agency Bonds/Notes Accounts Receivable Total Assets LIABILITIES Accounts Payable Due to Others Due to Other Governmental Units Total Liabilities Fire and EMS Pension Trust Fund Agency Funds 216,959 $ 6,908,584 268,355 - 381,749 - 1,649 29,735 868,712 $ 6,938,319 4,755 $ - - 4,463,936 - 2,474,383 4,755 $ 6,938,319 NET POSITION Held in Trust for Pension Benefits and Other Purposes $ 863,957 The notes to the financial statements are an integral part of these statements. E-27 MONROE COUNTY, FLORIDA STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Additions: Employer Contributions Investment Income Total Additions Deductions: Administration Pension Benefits Total Deductions Change in Net Position Total Net Position - October 1 Total Net Position - September 30 Fire and EMS Pension Trust Fund $ 36,788 2,344 39,132 (4,754) (27,900) (32,654) 6,478 857,479 $ 863,957 The notes to the financial statements are an integral part of these statements. E-28 fl THIS PAGE INTENTIONALLY LEFT BLANK ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ' The following summary of the more significant accounting policies of the Monroe County, Florida (County) is presented to assist the reader in interpreting these financial statements and should be viewed as an integral part of this report. ' Reporting Entity: ' Monroe County, Florida (County) is a Non -Charter County established as provided by Article VIII Section 1 of the Florida Constitution and Section 125 of the Florida Statutes. The Board of County Commissioners (Board), composed of five members, is the legislative body for the County and as such ' budgets and provides funding used by the separate Constitutional Offices with the exception of fees collected by the Clerk of the Circuit Court and the Tax Collector. The County Administrator also serves as the principal executive officer. In addition, certain designated governmental functions are performed ' by constitutional officers who are elected at large. The five constitutional officers are: Clerk of the Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Although these five officers are operationally autonomous, they do not hold sufficient corporate powers of their own to be considered legally separate component units for financial reporting purposes. Therefore, they are ' reported together with the Board as part of the primary government. Under the direction of the Clerk of the Circuit Court, the Monroe County Finance Department maintains the accounting system for the Board's operations, but excludes those of the Property Appraiser, Sheriff, Tax Collector, Clerk of the ' Circuit Court and Supervisor of Elections, each of which maintains its own accounting system. Services provided by the County and accounted for within these financial statements include police ' services for unincorporated areas of the County; health and social services; emergency medical services; cultural and recreational programs; solid waste services and other governmental services. ' Entity status for financial reporting purposes is governed by Statement No. 14, as amended, of the Governmental Accounting Standards Board (GASB) and Rules of the Auditor General, State of Florida. The GASB is the standard -setting body for the establishment of accounting principles generally ' accepted in the United States of America (GAAP) for governmental entities. Determination of the financial reporting entity of the County is founded upon the objective of accountability. Therefore, these financial statements include the County government, the primary government, and the legally separate component units for which operational or financial responsibility rests with the elected officials of the ' County or for which the nature and significance of their relationship to the County are such that exclusion would cause the financial statements to be misleading or incomplete. All component units of the County have a September 30 fiscal year end. ' These financial statements include the County's blended component units, if material. Blended component units are legally separate entities that are in substance part of the County's operation, as ' they either have governing bodies that are substantively the same as the County or they provide their services exclusively or almost exclusively to the County. The financial transactions of the component unit are merged in with similar transactions of the County as part of the primary government. iThe blended component unit of the County is as follows: Monroe County Industrial Development Authority (MCIDA) - The MCIDA was created by Monroe ' County, Florida Resolution pursuant to Florida Statute 159. The MCIDA serves to assist in financing and refinancing capital projects, which will foster economic development in the County. The Monroe County Board of County Commissioners serves as the governing board. The MCIDA 1 F-1 1 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) is not legally required to adopt a budget; however, the County must authorize the issuance of bonded debt. Therefore, the MCIDA for financial reporting purposes is considered a blended component unit of Monroe County, Florida. Neither the MCIDA nor the County has any legal obligation for repayment of the revenue bonds of the MCIDA. As an issuer of "conduit" debt obligations, the MCIDA has no assets or liabilities. Discretely -presented component units are legally separate entities which do not meet the criteria for blending. They are reported in a separate column to emphasize that they are legally separate. The following is a discretely -presented component unit of the County that is reported on the County financial statements: Monroe County, Florida Comprehensive Plan Land Authority (MCLA) - The MCLA was created by Monroe County, Florida Ordinance 031-1986 pursuant to Florida Statute 380 and is considered a legally separate entity from Monroe County. Its purpose is to operate a land acquisition program in Monroe County, to implement the Monroe County Comprehensive Plan and address issues created by it. The Monroe County Board of County Commissioners serves as the governing board but there is no financial benefit or burden relationship. Therefore, the MCLA, for financial reporting purposes, is considered a discretely -presented component unit of Monroe County, Florida and is presented as a separate column in the County's financial statements. Complete financial statements for MCLA can be obtained from MCLA's administrative office at 1200 Truman Avenue, Suite 207, Key West, Florida 33040. Basis of Presentation: Government -wide Financial Statements: The statement of net assets and the statement of activities report information about the nonfiduciary activities of the primary government. Fiduciary funds of the government are eliminated from this presentation since these resources are not available for general government funding purposes. These statements provide a consolidated financial picture of the government distinguishing between governmental activities and business type activities. Governmental activities are primarily financed through taxes and intergovernmental revenues, while business type activities are primarily financed through charges for services to external parties. The statement of activities presents a comparison between direct expenses of the program revenues for each function of the County's governmental activities, and for each of the business type activities. Direct expenses are those that are clearly identified with a specific program or segment. Program revenues include (a) fees, fines and charges for services, and (b) grants and contributions that are restricted for the operating or capital requirements of a specific program. All taxes and other revenues not meeting the criteria for classification as program revenues are reported as general revenues. Fund Financial Statements: The fund financial statements provide information about the County's funds, including its fiduciary fund and blended component unit. Separate statements for each fund category — governmental, proprietary, and fiduciary — are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. F-2 ' MONROE COUNTY, FLORIDA Notes To Financial Statements ' For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) ' Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and ' investment earnings, result from non -exchange transactions or ancillary activities. The following are reported as major governmental funds: ' General Fund - The General Fund is the general operating fund of the County. All general tax revenues and other receipts that are not required either legally or by accounting principles generally accepted in the United States of America to be accounted for in other funds are accounted for in the General Fund. Fine and Forfeiture Special Revenue Fund - The Fine and Forfeiture Fund is used to account for revenues received from fines and forfeitures imposed from the commission of statutory offenses, ad valorem taxes that are transferred to the Sheriff and to account for operations of the County's court support system. HIDTA Grants Special Revenue Fund — This fund is to account for all revenues and expenditures for the ONDCP grants. ' Governmental Grants Special Revenue Fund - The Governmental Grant Fund is used to account for operating revenues and expenditures for all governmental activity of federal and state grants. ' One Cent Infrastructure Surtax Capital Proiect Fund - The One Cent Infrastructure Surtax Fund is used to account for capital improvements funded by the One Cent Infrastructure Surtax. ' Big Coppitt Wastewater Capital Project Fund - The Big Coppitt Wastewater Capital Project Fund is used to account for the revenues and expenditures for the wastewater infrastructure for the Big Coppitt, Geiger Key, Shark Key and Rockland Key areas of Monroe County. ' Cudioe Regional Wastewater Capital Project Fund - The Cudjoe Regional Wastewater Capital Project Fund is used to account for the revenues and expenditures for the wastewater infrastructure for the Cudjoe Regional area of Monroe County. ' All Debt Service Fund — The All Debt Service Fund is used to account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred in the ' issuance of various revenue bonds. The following are reported as major enterprise funds: ' Municipal Service District -Waste - The Municipal Service District -Waste Fund is used to account for the operations of solid waste collection, disposal and recycling activities, as well as the closure and post closure of the landfills. ' Card Sound Bridge - The Card Sound Bridge Fund is used to account for the operations of Monroe County's Card Sound Toll Bridge. ' Key West Airport - The Key West Airport Fund is used to account for the operations of Monroe County's Key West International Airport. Marathon Airport - The Marathon Airport Fund is used to account for the operations of Monroe County's Marathon Airport. F-3 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) The Board also reports the following fund types: Internal Service Funds - Internal service funds are used to account for the financing of worker's compensation insurance, health insurance, general liability insurance and fleet maintenance services provided by one department to other departments of the County or to other governmental units on a cost reimbursement basis. Pension Trust Fund - The fiduciary pension trust fund is used to account for assets held by the Board in a trustee capacity for a volunteer firefighters and emergency services length of service award plan; and therefore, not available to support County programs. Agency Funds — These funds account for assets held on behalf of third parties and do not involve the measurement of operating results. Examples include taxes, fees, and fines collected on behalf of other governments. Measurement Focus and Basis of Accounting: Government -wide, Proprietary, and Fiduciary Fund Financial Statements — These statements use a flow of economic resources measurement focus and the accrual basis of accounting. Revenues are recognized when earned and expenses are recognized when incurred, regardless of when the related cash flows take place. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Non -exchange transactions, in which the County gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, grants, entitlements, and donations. On an accrual basis, revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. ' Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the County's enterprise funds are charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. Governmental Fund Financial Statements — These statements use a current financial resources measurement focus, and are maintained on the modified accrual basis of accounting. Revenues are recognized when they become susceptible to accrual; that is, when they become both "measurable" and "available to finance expenditures of the current period." The County considers amounts collected within 60 days after year-end to be available and thus recognizes them as revenues of the current year, except for property taxes since such taxes are collected to finance expenditures of the subsequent period. F-4 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) 1 Expenditures are recognized in the accounting period in which the related fund liability is incurred, if measurable. Principal and interest on general long-term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service fund for payments to be made early in the ' following year. Expenditures related to compensated absences are recorded only when leave has been taken. Revenues of the County, which are susceptible to accrual under the modified accrual basis of ' accounting, include property taxes, gas taxes, sales taxes, grants, interest revenue, and charges for services. In applying the susceptibility -to -accrual concept to intergovernmental revenues, the legal and contractual requirements of the numerous individual programs are used as guidance. There are, ' however, essentially two types of these revenues. In one, monies must be expended for the specific purpose or project before any amounts will be paid to the County; therefore, revenues are recognized based upon the expenditures recorded. In the other, monies are virtually unrestricted as to purpose of ' expenditure and substantially irrevocable; i.e., revocable only for failure to comply with prescribed compliance requirements, such as with equal employment opportunity. These resources are reflected as revenues at the time of receipt or earlier if they meet the availability criterion. If revenues are ' expected to be received later than 60 days following the end of the fiscal year, then a receivable is recorded, along with deferred inflows of resources. Once the funds are received, revenue and cash are recorded and the receivable and deferred inflows of resources are eliminated. Deferred inflows of resources also includes unearned revenue when receipts have not met all of the earning requirements. ' The proprietary fund and pension trust fund financial statements use a flow of economic resources measurement focus and the accrual basis of accounting. Revenues are recognized when earned and I expenses are recognized when incurred, regardless of when the related cash flows take place. Under the terms of the grant agreements, the County funds certain programs by a combination of ' specific cost -reimbursement grants, categorical block grants, and general revenues. Thus when program expenses are incurred, there are both restricted and unrestricted net assets available to finance the program. It is the County's policy to first apply cost -reimbursement grant resources to such ' programs, followed by categorical block grants, and then by general revenues. Budgets and Budgetary Data - The following are the statutory procedures followed by the Board of County Commissioners in establishing the budget for Monroe County: ' 1 On or before June 1 of each year the Sheriff, the Clerk of the Circuit Court, the Tax Collector, and the Supervisor of Elections shall each submit to the Board a tentative budget for their respective ' offices for the ensuing fiscal year. 2) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the County Budget Officer submits to the Board a proposed budget for the fiscal year commencing the following October 1. The budget includes proposed expenditures and the means of financing them. 3) By Board resolution, a tentative budget is submitted to the public. Public hearings are held to obtain taxpayer comments. 4) Fifteen days after adoption of the tentative budget, a final budget is submitted for review and adoption at a final public hearing. ' 5) Prior to, or on September 30, the Board's budget is legally enacted through passage of a resolution. Accordingly all fund types have an adopted budget as required by Florida Statute 129.03. F-5 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) 6) During the year, the Office of Management and Budget acts on intradepartmental budget changes that do not alter the total revenue or expenditures budgeted to a cost center. A cost center represents a particular area of Board operations or a department. All other budget changes (whether they are transfers between cost centers or alterations of total revenues and expenditure in a fund) are approved by the Board. Supplemental appropriations were necessary and the budgetary data presented herein was amended by the Board during the year. 7) Florida Statute 129, Section 7, as amended in 1978, provides that only expenditures in excess of total fund budgets are unlawful. However, because the Board acts on all budget changes between cost centers, this becomes the level of control. 8) Budgeted to actual expenditure reports are employed as a management control device during the year for all fund types. 9) Budgets for all funds are adopted on a basis consistent with accounting principles generally accepted in the United States of America (GAAP) for that fund type. 10) All appropriations lapse at year end. Use of Estimates - The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America, as applicable to governmental units, requires management to make use of estimates that affect the reported amounts in the financial statements. Actual results could differ from estimates. Encumbrances - Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of moneys are recorded in the restricted, committed or assigned fund balance classifications, and is employed as an extension of the statutorily required budgetary process. Under Florida Statutes, appropriations, even if encumbered, lapse at fiscal year end. It is the County's intention to substantially honor these encumbrances under authority provided in the subsequent year's budget. Cash and Cash Equivalents — Cash balances from the majority of funds are pooled for investment purposes. Earnings from such investments are allocated to the respective funds based on applicable cash participation by each fund. The investment pools are managed such that all participating funds have the ability to deposit and withdraw cash as if they were demand deposit accounts, and therefore all balances representing participants' equity in the investment pools are classified as cash equivalents for purposes of these statements. For investments, which are held separately from the pools, those, which are highly liquid (including restricted assets) with an original or remaining maturity of 90 days or less, are considered to be cash equivalents. Investments - Florida Statute 218.415 authorizes local governments to invest its funds pursuant to a written investment plan, which allows investment of surplus funds in the following: 1) The Florida Local Government Surplus Funds Trust Fund Investment Pool (SBA). 2) United States Government Securities — Negotiable direct obligations or obligation, the principal and interest of which are unconditionally guaranteed by the United States Government. 3) United States Government Agencies — Bonds, debentures, notes, callables and fixed rate mortgage -backed securities issued or guaranteed by United States Government Agencies, provided such obligations are backed by the full faith and credit of the United States. li 1D MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) ' 4) Federal Instrumentalities (United States Government -sponsored agencies) — senior obligations, which include bonds, debentures, notes, callables and fixed rate mortgage - backed securities issued or guaranteed by United States government -sponsored agencies ' (Federal Instrumentalities). These are limited to the following: ■ Federal Farm Credit Bank (FFCB) ■ Federal Home Loan Bank or its County banks (FHLB) ' ■ Federal National Mortgage Association (FNMA) ■ Federal Home Loan Mortgage Corporations (Freddie -Macs) including Federal Home Loan Mortgage Corporation participation certificates. 5) Interest -bearing Time Deposit or Savings Account — Non-negotiable interest -bearing time ' certificates of deposit or savings accounts in financial institutions organized under the laws of this State and/or in national financial institutions organized under the laws of the United States and doing business and situated in the State of Florida, provided that any such deposits are secured by the Florida Security for Public Deposits Act, Chapter 280, Florida Statutes. Additionally, the financial institution shall not be listed with any recognized credit watch information service. 6) Registered Investment Companies (Money Market Mutual Funds) — Shares in open-end and no-load Money Market Mutual Funds provided such funds are registered under the Federal Investment Company Act of 1940 and operate in accordance with 17 C.F.R. 270.2a-7, which stipulates that money market funds must have an average weighted maturity of 90 days or less. In addition, the share value of the money market funds must equal to $1.00. ' 7) Intergovernmental Investment Pool — Intergovernmental Investment Pools that are authorized pursuant to the Florida Interlocal Cooperation Act, as provided in Section 163.01, Florida Statutes. All investments are stated at fair value. Accounts Receivable - Amounts due from private individuals, organizations, or other governments, ' which pertain to charges for services rendered, are reported as accounts receivable. Receivables are reviewed periodically to establish or update the provisions for uncollectible amounts. These provisions are estimated based on an analysis of the age of the various accounts. iInterfund Balances and Activity - During the course of normal operations, the County has numerous transactions between funds. Examples of these transactions include providing services, constructing assets, matching grants or servicing debt. These transactions are generally recorded as interfund transfers, except for internal service fund charges, which are reflected as revenues to internal service funds and expenses/expenditures to the funds receiving the services. As part of the consolidation process, to avoid distorting financial results, the interfund activities are eliminated in the General Fund. Interfund activities such as municipal and unincorporated service district's policing, 911, and interagency communications are reported as revenues in the fund that captures the revenue and as an expenditure in the fund which disburses the funds for the service. The offsetting expenditures and revenues are re -classed to interfund transfers. However, interfund security services provided by the Sheriff and used by the airports, are not eliminated. ' F, MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) Additionally, short-term interfund loans are recorded from time to time as cash flow needs arise. As of fiscal year-end, any unpaid amounts related to these transactions are reported as "due from other funds" or "due to other funds" on the fund financial statements. Inventory — Inventory in the General Fund consists of certain supplies, which are stated at cost using the moving average cost method. The inventory is determined by an annual physical count. Inventories are reported as an unspendable classification of fund balance as these amounts are not in spendable form and are not expected to be converted to cash. Restricted Assets - The use of certain assets of enterprise funds is restricted by specific provisions of bond resolutions and agreements with various parties. Assets so designated are identified as restricted assets on the balance sheet. When both restricted and unrestricted resources are available for use, the hierarchy of enterprise fund spending is to use restricted resources first, and then unrestricted resources as they are needed. Mortgage/Notes Receivable - The mortgages receivable associated with the Governmental Grants and the Local Housing Assistance funds are intended to ultimately be forgiven; as such they are offset by an allowance for uncollectible accounts. Capital Assets - Capital assets are reported in the applicable governmental or business -type activities column in the government -wide financial statements. Capital assets of the County include property, buildings, equipment, and infrastructure assets (e.g. roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems). Constructed or purchased assets are recorded at historical or estimated historical cost at the time of purchase. Donated assets are recorded at estimated fair market value at the date of donation. Costs of maintenance and repairs that do not add to the value of assets or extend their useful lives are not capitalized. The County maintains a $1,000 threshold for additions to equipment with an estimated useful life in excess of two years. Buildings are capitalized when the value is $15,000 or greater. Public domain and infrastructure assets represent major expenditures for such items as roads, water and sewer treatment plants and lines, landfill improvements, parks and drainage systems. Additions and improvements for roads, water, sewer, landfill and drainage infrastructure are capitalized when the cost amounts to $250,000 while park additions and improvements are capitalized at $25,000. Depreciation has been provided using the straight-line method. The estimated useful lives of the various classes of depreciable capital assets are as follows: Buildings Equipment Infrastructure Public domain infrastructure Capacity rights Capacity rights represent an intangible asset operator that included wastewater processing of 99 years. Life — Years 10-50 5-10 10-50 20-50 99 that arose from a contract with a private wastewater capacity for 1,500 equivalent dwelling units for a period F-8 C f' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) Compensated Absences — County policy permits employees to accumulate a limited amount of annual and sick leave, which will be paid to employees upon termination of employment. In the government - wide and proprietary fund financial statements, an expense and a liability for compensated absences and the salary -related payments are recorded as the leave is earned. Landfill Closure Costs - Under the terms of current state and federal regulations, the County is required to place a final cover on closed landfill areas, and to perform certain monitoring and maintenance functions for a period of up to 30 years after closure. In accordance with GASB Statement No. 18, the County is recognizing these costs of closure and post closure maintenance over the active life of each landfill area, based on landfill capacity used during the period. Required obligations for these costs are recognized in the Municipal Service District -Waste enterprise fund for public landfill operations. Deferred Inflows of Resources and Unearned Revenues — In addition to liabilities, the balance sheet will report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources until that time. The County has two items that qualifies for reporting in this category, advances from other governments and unavailable revenues. The advances from other governments are grants received in advance of meeting the GASB 33 timing requirements in governmental funds. The governmental funds also report unavailable revenues from services rendered. Unearned revenues in governmental activities are deposits held on exchange transactions that will occur in the future and the corresponding revenue will be recognized at that time. Lonq-Term Obligations - Long-term debt is reported as a liability in the proprietary fund statement of net position. Long-term debt associated with the County's governmental activities is presented on the government -wide financial statements of the County. In the County's governmental fund financial statements, the face amount of debt issued is reported as another financing source, while principal payments are reported as expenditures. Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due and payable on November 1st of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Taxes become delinquent on April 1st of each year, and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June 1 st of each year. No accrual for the property tax levy becoming due in November of 2013 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. Fund Balance Policies — The focus of fund balance reporting is to clearly communicate the constraints imposed upon resources in governmental funds. The fund balance classifications indicate the level of constraints placed upon how resources can be spent and identify the sources of those constraints. The following five classifications: nonspendable, restricted, committed, assigned, and unassigned, serve to inform readers of the financial statements of the extent to which the County is bound to honor constraints on the specific purposes for which resources in a fund can be spent. Fund balances of governmental type funds are classified as follows: Nonspendable — Include amounts that cannot be spent because they are either not in spendable form, or for legal or contractual reasons, must be kept intact. This classification includes inventories, prepaid amounts, assets held for sale, and long-term receivables. F-9 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) Restricted — Include amounts that can be spent only for specific purposes because of constitutional provisions or enabling legislation, or because of constraints that are externally imposed by creditors, grantors, contributors or the laws or regulations of other governments. Committed — Include amounts that can be used only for the specific purposes determined by a formal action in the form of a resolution of the Board of County Commissioners, the County's highest level of decision making authority. Commitments may be changed or lifted only by the Board taking the same formal action that imposed the constraint originally. Assigned — Include amounts that are intended by the County to be used for specific purposes determined by a formal action in the form of a resolution, but are neither restricted nor committed. The County Administrator will have the authority to assign fund balance based on intentions for use of fund balance communicated by the Board. Unassigned — This is the residual classification of the General Fund. Only the General Fund reports a positive unassigned fund balance. Other governmental funds might report a negative balance in this classification, as the result of overspending for specific purposes for which amounts had been restricted, committed, or assigned. Unassigned fund balance does not necessarily represent the amount of fund balance that can be appropriated. The County has adopted a fund balance policy that commits to maintaining fund balance at a predetermined level. The policy requires reserves of four months of operating capital to address the disparity in timing between the expenditure of funds and to protect against revenue shortfalls or one- time expenditures and to address the County's responsibility to respond to disaster/emergency situations. As of September 30, 2013, the required minimum fund balance for the general fund is $25,114,316, comprised of operating capital of $15,114,316 and a hurricane/disaster reserve of $10,000,000. Since this is a plan for accumulating resources rather than a limitation on how existing resources can be spent, the fund balance policy does not affect the classification of fund balance and is included in the assigned and unassigned fund balance. The County spends restricted amounts first, when both restricted and unrestricted fund balance is available, unless prohibited by legal documents, grant agreements or contracts. Additionally, the County uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. Fund Deficits — There are no fund deficits to report at September 30, 2013. Excess of Expenditures Over Appropriations — During the fiscal year ended September 30, 2013, the Road and Bridge Fund transfers to other funds exceeded appropriations by $97,250. This was attributable to contract change orders that were not covered by the budget and was covered by reserves provided for in the budget. The Transportation Planning Program 07-09 category in the Governmental Grants Fund exceeded appropriations by $1,127. This was attributable to additional expenses incurred that were not anticipated in the budget. Other categories within Transportation under spent their budgets and provided the funding to cover this. The transfer of excess fees back to the County was not budgeted in the Sheriff's Trauma Star and Radio Communications nonmajor special revenues funds for $91,374 and $51,371, respectively. The Clerk's Court Related nonmajor special revenue fund was able to transfer an additional $24,339 of excess fees back to the County in excess of the amount budgeted. F-10 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued) ' The Supervisor's Voter Ed & Equipment, a nonmajor special revenue fund, does not have a legally adopted budget. ' Net Position — Net position in the proprietary fund financial statements is classified as net investment in capital assets; restricted; and unrestricted. Restricted net position totaled $4,486,851, which represents constraints on resources that are either externally imposed by creditors, grantors, ' contributors, or laws or regulations of other governments or imposed by law through state statute. NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS The County maintains a cash and investment pool that is available for use by all funds except those whose cash and investments must be segregated due to bond covenants or other legal restrictions. ' As of September 30, 2013, except for the Pension Trust Fund cash of $216,959 and investments of $650,104, the carrying value of the County's deposits and investments with their respective credit ratings, are as follows: ' Credit Less than 6 6 Months to Investment Type Rating Fair Value Months 1 Year 1 to 3 Years tDemand and Time Deposits N/A $ 91,430,706 $ 91,430,706 $ - $ - Local Gov't Surplus Fund Unrated 155,692 154,415 - 1,277 US Treasury Notes AA+ 63,783,606 23,089,251 28,213,483 12,480,872 ' Federal Agency Bond / Note AA+ 89,675,316 51,792,968 15,858,619 22,023,729 Total Fair Value $ 245,045,320 $166,467,340 $ 44,072,102 $ 34,505,878 Credit Risk — The County's Investment Policy (Policy) limits credit risk by restricting authorized investments to the following: Florida Local Government Surplus Funds Trust Fund Investment Pool administered by Florida's State Board of Administration (a 2a7-like pool), direct obligations of the United States or its agencies and instrumentalities, money market mutual funds, and Intergovernmental Investment Pools authorized by the Florida Statutes. The Policy requires that investments in federal instrumentality debt be guaranteed by the full faith and credit of the U. S. Government sponsored agency, and that investments in money market mutual funds have a rating of AAAm or AAAm-G or better by Standard & Poor's (S&P) or other nationally recognized rating agency. All credit ratings indicated in the previous table are S&P ratings. F-11 I MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS - (Continued) Concentration of Credit Risk — The Policy establishes limitations on portfolio composition, both by investment type and by issuer, in order to control concentration of credit risk. The Policy provides the following maximum limits of the portfolio, with limits in any one issuer of the portfolio invested: Portfolio Maximum in Investment Type Maximum any one issuer Florida Local Government Surplus Funds Trust Fund 100% n/a United States Government Securities 100% n/a United States Government Agencies 50% 10% Federal Instrumentalities 80% 30%, with a maximum of Maximum in callable securities 25% in callable securities Interest -bearing Time Deposit or Savings Accounts 10% 10% Money Market Mutual Funds 20% 10% Intergovernmental Investment Pool 10% n/a At September 30, 2013, the portion of the County's investment portfolio invested in Federal instrumentalities is detailed as follows: Percent of Issue Investment Portfolio Federal Home Loan Bank 13.55% Federal Home Loan Mortgage Corp 17.44% Federal National Mortgage Assoc 17.09% Custodial Credit Risk — The Policy requires bank deposits secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida. Demand and time deposits are fully insured by the FDIC for the first $250,000 at each institution and the remaining balances are insured 100% by the State of Florida collateral pool, a multiple institution pool with the ability to assess its members for collateral shortfalls if a member institution fails. The Policy requires execution of a third -party custodial safekeeping agreement for all purchased securities, and requires that securities be held in the County's name. As of September 30, 2013, all of the County's investments are held in a bank's trust department in the County's name. Interest Rate Risk — The Policy limits the investment of three months of operating expenditures to twelve months. The Policy limits the investment of non current operating funds to five years. J F-12 w� ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS - (Continued) Cash and Cash Equivalents — The County, excluding the Pension Trust Fund and Agency Funds, has the following unrestricted and restricted cash and cash equivalents at September 30, 2013: Local Government Surplus Trust Demand ' Unrestricted Cash & Cash Equivalents: Fund Deposits Total Governmental Activities: Governmental Funds $ 154,831 $ 64,904,142 $ 65,058,973 ' Internal Service Funds Business -Type Activities - 861 7,229,947 7,946,503 7,229,947 7,947,364 Total Unrestricted Cash & Cash Equivalents 155,692 80,080,592 80,236,284 Restricted Cash and Cash Equivalents: Business -Type Activities - 4,441,530 4,441,530 Total Cash and Cash Equivalents $ 155,692 $ 84,522,122 $ 84,677,814 In the Sheriffs 911 Wireless fund, cash in the amount of $1,721,381 must be maintained in a separate account according to Statute. This cash can only be used for capital expenditures directly attributable to establishing and provisioning E911 services. As of September 30, 2013, the fiduciary funds had cash balances totaling $7,125,543 in demand deposits, including the Pension Trust cash of $216,959. NOTE 3 — RESTRICTED ASSETS Restricted assets in the Enterprise Funds include those created by resolutions adopted by the County for the landfill escrow account and airport passenger facility charges. Total restricted assets as of September 30, 2013 are as follows. ' Cash and Cash Accounts Equivalents Receivable Total Municipal District Waste Landfill Closure Escrow $ 1,701,521 $ - $ 1,701,521 Key West Airport Passenger Facility Charge 2,740,009 214,349 2,954,358 $ 4,441,530 $ 214,349 $ 4,655,879 F-13 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 4 — ACCOUNTS RECEIVABLE Accounts receivable, in the accompanying fund financial statements, are shown net of the allowance for doubtful accounts. The accounts receivable and the allowance balances are as follows: Governmental Activities: General Fund Fine & Forfeiture Fund One Cent Infrastructure HIDTA Grants Fund Nonmajor Funds: Fire & Amb Dist 1 Fund Other Nonmajor Funds Internal Service Funds Total Governmental Activities Business -Type Activities: MSD-Waste Fund: Card Sound Bridge Key West Airport Marathon Airport Total Business -Type Activities Total Accounts Receivable Allowance for Accounts Accounts Uncollectible Receivable, Service Provided Receivable Accts Net Misc $ 147,692 $ 7,439 $ 140,253 Air Amb Svc 7,045,087 5,927,721 1,117,366 Misc 208 - 208 Misc 22,911 - 22,911 Ground Amb Svc 2,173,648 1,898,143 275,505 Misc 61,345 - 61,345 Misc 714,249 - 714,249 10,165,140 7,833,303 2,331,837 Tipping Fees 15,489 3,909 11,580 Waste Assessments 568,159 564,997 3,162 Solid Waste 407,002 - 407,002 Franchise Misc 200 - 200 Rent, Misc 885,300 52,528 832,772 Misc 33,745 - 33,745 1,909,895 621,434 1,288,461 $ 12,075,035 $ 8,454,737 $ 3,620,298 The County Commission approved an air ambulance billing write off during the year of $1,161,971 NOTE 5 - ASSESSMENTS RECEIVABLE The County has been improving water quality by replacing cesspits and septic systems with a series of central wastewater collection and treatment systems. The County has funded these projects with state grants and loans, local infrastructure sales surtax and special assessments levied on the property owners. The property owners have the option of paying their special assessments up front or on an installment basis that is added to their real estate tax bills. Revenue is recognized on the modified accrual basis. Once the construction project is substantially complete, the remaining assessment is recorded with an offset to deferred inflows of resources for those amounts that are not available. Property owners who selected the installment option under the Stock Island and Big Coppitt assessment programs continue to pay the assessments remaining for these completed projects. The Duck Key project was substantially complete during the year ended September 30, 2013. The Cudjoe Regional project which includes Sugarloaf Key, Summerland Key, Cudjoe Key and Big Pine Key is ongoing and collections are shown as unearned revenues until project completion. fl F-14 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 6 - MORTGAGES RECEIVABLE I Mortgages receivable at September 30, 2013 consist of the following: Major Governmental Funds -Governmental Grants Fund: Second Mortgages Receivable from individuals, collateralized by personal residences. Payment of principal deferred for ten (10) years from date of note. Principal is amortized in equal monthly amounts starting in year six (6) until ten (10) at which time the loan is fully forgiven. In event of sale/transfer of property or occupancy the prorated principal balance is due in full within thirty (30) days of sale/transfer or cessation of primary residence. Nonmaior Governmental Funds -Local Housing Assistance: Second Mortgages Receivable from individuals, collateralized by personal residences. Commencing in year sixteen of the mortgage, principal and accrued interest at 3% will be forgiven at the rate of 6.66% annually. The entire principal balance and accrued interest will be forgiven at the end of year thirty. If the residence is sold before the initiation of the forgiveness period, the full amount of the mortgage and accrued interest is due at closing. Second Mortgages Receivable from individuals, collateralized by personal residences. Principal payments shall be deferred for the term of the first mortgage loan, or until the date the last payment is due on the first mortgage. Interest is not charged on the mortgages unless the mortgagor is in default, in which case the interest rate is 12% per annum from the date when payment of the second is due. The entire balance of the loan is intended to be forgiven. However, in the event the home is sold, transferred, rented, refinanced or the first mortgage loan is satisfied, the entire mortgage balance is due. Second Mortgages Receivable from individuals, collateralized by personal residences. The entire balance of the mortgages will be forgiven upon maturity, provided that the mortgagor complies with the mortgage covenants. The mortgages are interest free. Second Mortgages Receivable from individuals, collateralized by personal residences. The entire balance of the mortgages will be forgiven over ten, fifteen or twenty years, provided that the mortgagor complies with the mortgage covenants. The mortgages are interest free. Florida Homebuyer Opportunity Tax Credit (FHOP), Second Mortgages Receivable from individuals, collateralized by personal residences. Interest on note is 6% per annum, except if paid in full within first 18 months of repayment period then interest rate shall be 0% from the date when the first payment is due. Total Mortgages Receivable $ 335,049 57,211 7,881,138 505,466 272,734 25,227 8,741,776 $ 9,076,825 The mortgages receivable associated with the Governmental Grants are offset by an allowance for ' uncollectible accounts of $335,049. As the mortgages receivable associated with the Local Housing Assistance fund are intended to ultimately be forgiven, an allowance for uncollectible accounts of $8,741,776 has been established. F-15 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 7 — CAPITAL ASSETS Internal service fund capital asset information is included in the governmental activities on the government -wide financial statements, because the internal service funds predominately serve those activities. Capital asset activity for the year ended September 30, 2013 is as follows: Beginning Ending Balances Additions Reductions Balances Governmental Activities Capital assets not depreciated: Land $ 71,837,568 $ 21,000 $ - $ 71,858,568 Construction in progress 23,228,918 29,381,247 4,868,553 47,741,612 Total capital assets not depreciated 95,066,486 29,402,247 4,868,553 119,600,180 Capital assets depreciated: Buildings Equipment Infrastructure Capacity rights Total capital assets depreciated Less accumulated depreciation for: Buildings Equipment Infrastructure Capacity rights Total accumulated depreciation Total capital assets depreciated, net Governmental funds, capital assets, net Business -type Activities: Capital assets not depreciated: Land Construction in progress Total capital assets not depreciated Capital assets depreciated: Land improvements Buildings Equipment Infrastructure Total capital assets depreciated Less accumulated depreciation for: Land improvements Buildings Equipment Infrastructure Total accumulated depreciation Total capital assets depreciated, net Business -type activities, capital assets, net 149,819,402 5,034,188 - 154,853,590 61,718,372 4,201,243 2,304,355 63,615,260 87,530,812 379,344 - 87,910,156 3,150,000 - - 3,150,000 302,218,586 9,614,775 2,304,355 309,529,006 50,008,313 2,979,174 - 52,987,487 39,323,795 4,847,892 2,026,869 42,144,818 28, 364, 302 1,771,164 - 30,135,466 254,544 31,818 - 286,362 117,950,954 9,630,048 2,026,869 125,554,133 184,267,632 183,974,873 279, 334,118 303, 575, 053 5,141,787 - - 5,141,787 1,366,921 2,602,493 1,053,008 2,916,406 6,508,708 2,602,493 1,053,008 8,058,193 212,925 - - 212,925 55,293,031 345,785 - 55,638,816 4,848,584 406,660 37,906 5,217,338 48,840,606 233,236 - 49,073,842 109,195,146 985,681 37,906 110,142,921 212,925 - - 212,925 9,623,647 1,365,496 - 10,989,143 3,407,414 359,403 32,430 3,734,387 17,117,249 1,527,073 - 18,644,322 30,361,235 $ 3,251,972 $ 32,430 33,580,777 78,833,911 76,562,144 $ 85,342,619 $ 84,620,337 YI F-16 J ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 7 — CAPITAL ASSETS - (Continued) ' Depreciation was charged to functions/programs on the government -wide Statement of Activities of the County as follows: ' Governmental Activities: Business -type Activities: General Government $1,320,952 Municipal Service District -Waste $ 75,986 Public Safety 5,028,716 Card Sound Bridge 357,714 ' Physical Environment 798,730 Key West Airport 2,181,216 Transportation 1,002,161 Marathon Airport 637,056 Economic Environment 24,449 Total Business -type Activities $ 3,251,972 Human Services 267,357 Culture and Recreation 404,529 Court Related 672,524 ' Total Governmental Activities $9,519,418 Equipment was transferred into internal service funds with $110,630 of accumulated depreciation. NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION ' Plan Description The Monroe County Board of County Commissioners (BOCC) administers a single - employer defined benefits healthcare plan (the "Plan"). Florida Statute 112.0801 requires the County to provide retirees and their eligible dependents with the option to participate in the Plan if the County provides health insurance to its active employees and their eligible dependents. The Plan provides ' medical coverage and prescription drug benefits to both active and eligible retired employees. The Plan does not issue a publicly available financial report. ' The BOCC may amend the plan design, with changes to the benefits, premiums and/or levels of participant contribution at any time. In an open session, on at least an annual basis and prior to the annual enrollment process, the BOCC approves the rates for the coming calendar year for the retiree and County contributions. The Plan includes participants from the BOCC and each Constitutional Officer. The BOCC is ' responsible for funding all obligations not funded on a pay as you go basis by Constitutional Officers. Accordingly, all disclosures are on a County -wide basis and the net OPEB obligation for the Board includes obligations related to the Constitutional Officers. IEligibility for post employment participation in the Plan is limited to full time employees of the County, and the Constitutional Officers. At September 30, 2013, there were no terminated employees entitled ' to deferred benefits. The membership of the County's medical plan consisted of: Active Employees 1,195 Retirees and beneficiaries currently receiving benefits 411 ' Total Membership 1,606 F-17 1 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued) Funding Policy The contribution requirements of plan members and the County are established and may be amended by the County. The required contribution is based on pay-as-you-go financing requirements, net of member contributions. Employees who retire as an active participant in the Plan and were hired on or after October 1, 2001 may continue to participate in the Plan by paying the monthly premium established annually by the BOCC. Employees who retire as an active participant in the plan, were hired before October 1, 2001, have at least ten years of full time service with the County, and meet the retirement criteria of the Florida Retirement System (FRS) may continue to participate in the Plan at a cost equal to the FRS Health Insurance Subsidy for ten years of service (currently $5 per month for each year of service credit at retirement or $50 per month). Retirees who have met the requirements for early retirement, have not achieved age 60 and whose age and years of service do not equal 70 (rule of 70) must pay the standard monthly premium until the age criteria or the rule of 70 is met. At that time, the retiree's cost of participation will be equal to the FRS Health Insurance Subsidy. Surviving spouses and dependents of participating retirees may continue in the plan if eligibility criteria specific to those classes are met. For the fiscal year 2013, the County contributed the following: Claims paid by Group Insurance Fund $ 4,118,490 Allocation of administrative expenses and incurred but not reported costs (IBNR) 396,450 OPEB costs 4,514,940 Less retiree contributions (618,629) County contribution $ 3,896,311 Annual OPEB Costs and Net OPEB Obligation — The County's annual other postemployment benefit (OPEB) cost (expenses) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded liabilities over a period not to exceed thirty years. The following table shows the actuarially determined components as of October 1, 2011 (the latest actuarial valuation date), under the current plan provisions, of the County's unfunded annual OPEB cost, the amount actually contributed to the plan and the changes in the County's net OPEB obligation to the plan. Annual required contribution $ 7,428,000 Interest on net OPEB obligation 1,031,000 Adjustment to annual required contribution (875,000) Annual OPEB cost 7,584,000 Less Contributions made (3,896,311) Increase in net OPEB obligation 3,687,689 Net OPEB obligation, beginning of year 26,884,079 Net OPEB obligation, end of year $ 30,571,768 F-18 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued) The County's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for 2013 and the two preceding years were as follows (amounts expressed in thousands): Fiscal Annual Percentage of Net Year OPEB Annual OPEB OPEB Ended Cost Cost Contributed Obligation ' 9/30/11 $ 9,676 28.0% $ 22,913 9/30/12 7,428 46.5% 26,884 9/30/13 7,584 51.4% 30,572 The net OPEB obligation at the end of the year is $28,992,517 for Governmental Activities and 9 Y $1,579,251 for Business -type Activities. The OPEB obligation for governmental activities is presented only on the government -wide financial statements of the County. No trust or agency fund has been established for the plan; there were no adjustments to the annual required contribution or interest earnings. Funded Status and Funding Progress — At September 30, 2013, funded status and funding progress is ' as follows (amounts expressed in thousands): Actuarial UAAL as a ' Accrued Percentage Actuarial Actuarial Liability - of Valuation Value of Projected Unfunded Funded Covered Covered Date Assets Unit Credit AAL Ratio Payroll Payroll 10/01/07 $ - $ 79,637 $ 79,637 0% $ 68,193 116.80% 10/01/09 _ 142,473 142,473 0% 65,357 217.99% 10/01/11 113,588 113,588 0% 67,299 168.78% Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents trend information about whether the actuarial value of plan assets is increasing or decreasing over the time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the ' types of benefits provided at the time of each valuation and the historical pattern of benefit cost sharing between the employers and plan members to that point. F-19 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued) The valuation dated July 9, 2012, for the fiscal dates of October 1, 2011 to September 30, 2012, was prepared using generally accepted actuarial principles and practices, and relied on unaudited census data and medical claims data reported by the County. The valuation used the projected unit credit actuarial method. Demographic assumptions mirror those used for the various Florida Retirement System pension funds. The actuarial assumptions include an annual health care cost trend rate of 10.0% initially, reduced by decrements to an ultimate rate of 5.0%. The assumptions included a discount rate that is tied to the return expected on the funds used to pay the benefits, and assumes for an unfunded plan, that the benefits continue to be funded on a pay-as-you-go basis, that the County's investments earn a 4.5% rate of return over the long term, and the inflation rate will be 3%. The unfunded accrued actuarial liability is amortized over thirty years on an open basis, as a level percentage of the projected payroll, which is assumed to increase at 3.5% per annum. NOTE 9 — FLORIDA RETIREMENT SYSTEM RETIREMENT PLAN Plan Description — Substantially all full-time County employees are participants in the Florida Retirement System, (FRS), administered by the Florida Department of Management Services. Employees elect to participate in either the defined benefit plan ("Pension Plan"), a multiple -employer; cost -sharing public employee defined benefit retirement plan, or the defined contribution plan (Investment Plan) under the FRS. As a general rule, membership in the FRS is compulsory for all employees working in a regularly established position of a state agency, county government, district school board, state university, community college, or a participating city or special district within the state of Florida. FRS provides retirement benefits, disability benefits, annual cost -of -living adjustments, and death benefits to Pension Plan members and beneficiaries of various governmental units within the State of Florida. Benefits are established by Chapter 121, Florida Statutes, and Chapter 60S, Florida Administrative Code. Amendments to the law can be made only by Act of the Florida legislature. For employees hired before July 1, 2011 and enrolled in the Pension Plan, the FRS provides for vesting of benefits after 6 years of credited service. Normal Pension Plan retirement benefits are available to employees who retire at or after age 62 with 6 or more years of service or after 30 years if under age 62. Benefits are also based on the 5 highest state fiscal years of compensation earned during covered employment. For employees hired July 1, 2011 and thereafter enrolled in the Pension Plan, the FRS provides for vesting of benefits after 8 years of credited service. Normal retirement benefits are available to employees who retire at or after age 65 with 8 or more years of service or after 33 years if under age 65. Benefits are also based on the 8 highest state fiscal years of compensation earned during covered employment. Pension Plan retirement benefits for all employees are based on age, average compensation and years -of -service credit. Early retirement is available after 6 years of service with a 5% reduction in benefits for each year prior to the normal retirement age. In addition to the above benefits, the FRS administers a Deferred Retirement Option Program ("DROP"). This program allows eligible employees to defer receipt of monthly retirement benefit payments while continuing employment with a FRS employer for a period not to exceed 60 months after electing to participate. Deferred monthly benefits are' held in the FRS Trust Fund and accrue interest. For employees who elect to participate in the Investment Plan rather than the Pension Plan, vesting occurs at one year of service. These participants receive a contribution of self -direction in an investment product with a third party administrator selected by the State Board of Administration. Investment accounts may be withdrawn by the employee 90 days after termination or retirement. F-20 I 1 L F MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 9 — FLORIDA RETIREMENT SYSTEM RETIREMENT PLAN - (Continued) The Florida Division of Retirement issues a publicly available financial report that includes financial statements and required supplementary information for the FRS. The report may be obtained by writing to Florida Division of Retirement, P.O. Box 9000, Tallahassee, FL 32315-9000, or from the website www.frs.state.fl.us. Fundinq Policy — The FRS was noncontributory for Pension Plan and Investment Plan members until June 30, 2011. As of July 1, 2011 all members, with the exception of Deferred Retirement Option Program (DROP) members and re-employed retirees, contribute 3% of their eligible wages. Participating employer contributions are based upon state-wide rates established by the State of Florida on an annual basis effective each July 1. The employer contribution rates by job class for the periods October 1, 2012 through June 30, 2013 and July 1, 2013 through September 30, 2013, respectively, were as follows: regular employees, 5.18% and 6.95%, special risk employees, 14.90% and 19.06%, special risk administrative support 5.91 % and 35.96%; elected officials, 10.23% and 33.03%, senior management 6.30% and 18.31 %, and DROP participants 5.44% and 12.84%. The County contributed to the plan an amount equal to 10.98% of covered payroll during the fiscal year ended September 30, 2013. The County's contributions made during the years ended September 30, 2013, 2012, and 2011 were $7,388,743, $6,480,465, and $9,153,608, respectively, equal to the required contributions for each year. The County has historically contributed amounts equal to required contributions and, therefore, does not have a pension asset or liability as determined in accordance with GASB Statement No. 27. NOTE 10 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL SERVICES Plan Description — The Monroe County, Florida Volunteer Firefighter and Emergency Medical Services Length of Service Award Plan (LOSAP) is a single -employer defined benefit pension plan created in 1999 and administered by the Board. Upon completion of ten (10) years of service, prior to normal retirement age, and in accordance with the terms of LOSAP, a plan member is considered vested. LOSAP provides retirement and death benefits to plan members and beneficiaries. Monroe County Ordinance 026-1999 defines the authority under which contribution and benefit provisions may be amended. This authority is presently held by the Board. LOSAP shall be administered in accordance with the requirements of Chapter 112, Part VII, Florida Statutes. LOSAP had 59 participants of which 31 are active, 20 are inactive and 8 are retired members for the plan year ended December 31, 2012 and the County's fiscal year ending September 30, 2013. Separate, stand-alone financial statements for LOSAP are not provided. Summary of Siqnificant Accounting Policies — The financial statements of LOSAP are prepared using the accrual basis of accounting. The contributions are recognized when due. Benefits are recognized when due and payable in accordance with the terms of LOSAP. Administrative costs are paid by the Board. Actuarial valuation costs are paid by LOSAP. All plan investments are reported at fair value. F-21 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 10 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL SERVICES - (Continued) Fundinq Policy — Annually, as determined by the actuarial study, the Board shall appropriate funds from the budgets of the various volunteer fire/rescue districts. These funds will be applied as contributions to LOSAP. Plan members do not contribute. The current contribution rate is $535 per volunteer year of service. Because the aggregate method does not identify or separately amortize unfunded actuarial accrued liabilities, information about the funded status and funding progress is prepared using the entry age actuarial cost method, which serves as a surrogate for the funding progress of the plan. Below is a schedule of funding progress for three years. Actuarial UAAL as a Actuarial Actual Accrued Unfunded Percentage Valuation Value of Liability AAL Funded Covered of Covered Date Assets (AAL) UAAL Ratio Payroll Payroll 12/31/2010 $ 831,083 $ 884,715 $ 53,632 93.1% NA NA 12/31/2011 841,980 870,648 28,668 96.7% NA NA 12/31/2012 849,903 934,705 84,802 90.3% NA NA NA - Contributions and benefits are calculated based on years of service as the participants are unpaid volunteers. As a result, there are no related covered payroll and no UALL as a percentage of covered payroll. Annual Pension Cost — The Board's annual pension cost of $31,588 was equal to the required contribution. The annual required contribution was determined as part of the January 1, 2012 actuarial valuation using the Aggregate Method. Allocations are based on years of service and the aggregation used is by fire district. This method does not separately amortize unfunded actuarial liabilities. Under this method, gains and losses are spread over future normal costs. The significant actuarial assumptions used to compute the pension benefit obligation were: 1. Investment Yield: 2.0% for both present and future 2. Mortality Pattern: Not applicable 3. Salary increases: Not applicable; Benefits not based on salary 4. Termination: Godwin's Table 1, V Select & Ultimate Table, with 50% termination prob for YOS<1 5. Inflation: No increase as benefits are based on a flat amount per year of service The annual pension cost (APC), the percentage of APC contributed to the plan, and the net obligation for the plan year ending December 31, 2012 and the two preceding years were as follows: Annual Percentage Fiscal Year Pension of APC Net Pension Ending Cost (APC) Contributed Obligation 12/31 /2010 $ 25,719 100% $ 12/31 /2011 22,945 100% 12/31 /2012 31,588 100% F-22 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 11 — CAPITAL AND OTHER SIGNIFICANT COMMITMENTS ' Construction projects and significant commitments, excluding encumbrances reported below, under present contractual agreements as of September 30, 2013 are as follows: Cudjoe Regional Wastewater $ 48,922,289 ' Solid Waste Disposal 10,412,000 Stock Island Fire Station 989,109 ' Watson Bridge Repairs Card Sound Bridge Repairs 313,007 303,043 Alarm Monitoring 270,500 ADA Compliance 231,674 ' Marathon EOC 192,922 Conch Key/Duck Key Wastewater 163,819 Miscellaneous 494,706 ' Total $ 62,293,069 The entire construction costs of the Cudjoe Regional Wastewater project are estimated at ' $168,000,000. There is an interlocal agreement between the County and the Florida Keys Aqueduct Authority (FKAA) for this project. The County obtained partial funding through grants and the issuance of revenue notes backed by the pledge of the infrastructure sales surtax and wastewater special ' assessments to provide funding to FKAA for the administration, planning and construction of wastewater projects. The County executed a grant award of $30,000,000 with the State of Florida on June 12, 2013. During the year ended September 30, 2013, $8,088,339 was earned. The amount ' shown above as a construction commitment is the amount appropriated in the County's annual budgets as of September 30, 2013. Significant encumbrance commitments at September 30, 2013 are as follows: ' Encumbrance Governmental Activities: General Fund $ 14,968 Governmental Grants Fund 16,924 One Cent Infrastructure Surtax Fd 372,481 ' Cudjoe Regional Wastewater Project 39,760 Nonmajor Governmental Funds 221,183 Total Governmental Activities 665,316 ' Business -Type Activities: Key West Airport 223,025 ' Marathon Airport 11,932 Total Business -Type Activities 234,957 ' Total Encumbrances $ 900,273 F-23 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 12 — LEASE OBLIGATIONS Capitalized lease obligations are stated at the original fair market value of leased assets capitalized, less payments since the inception of the lease discounted at the implicit rate of interest in the lease. The future minimum debt reductions under capitalized leases consist of the following at September 30: Fiscal year ending September 30: 2014 2015 2016 2017 2018 2019-2023 2024 Total minimum payments Less: Amounts representing interest Present value of net minimum lease payments Business -type Activities $ 50,000 50,000 50,000 50,000 50,000 250,000 17,270 517,270 $ 517,270 Leased property which has been capitalized as of September 30, 2013 is as follows: Business -type Activities Buildings $ 774,290 Less: Accumulated Depreciation 774,290 The County leases office space and equipment under operating lease agreements. Total lease payments made in the year ended September 30, 2013 were $6,788,405. The following is a schedule by years of future minimum rentals under non -cancelable operating leases for the fiscal year ended September 30: 2014 $ 5,651,582 2015 1,850,293 2016 836,432 2017 186,277 2018 1,012 $ 8,525,596 F-24 r ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 13 - LONG-TERM DEBT Long-term debt activity for the year ended September 30, 2013 is as follows: Current Portion of Beginning Ending Long-term Balances Additions Payments Balances Liabilities ' Governmental Activities: Governmental Funds Revenue bonds payable $29,583,500 $ - $ 4,486,091 $25,097,409 $ 4,656,091 Revenue notes payable 9,453,109 5,461,341 428,644 14,485,806 440,338 Accrued comp. absences 8,556,712 4,623,839 3,024,228 10,156,323 2,374,120 OPEB Liability 25,489,414 7,204,384 3,701,281 28,992,517 - ' Total Governmental Activities 73,082,735 17,289,564 11,640,244 78,732,055 7,470,549 Business type Activities: Revenue bonds payable 6,060,000 - 6,060,000 - - Arbitrage payable 6,053 - - 6,053 - Landfill closure costs 424,984 - 255,956 169,028 - Accrued comp. absences 335,782 186,176 226,364 295,594 16,361 OPEB Liability 1,394,665 379,616 195,030 1,579,251 - 1 Capitalized lease obligations 567,270 - 50,000 517,270 50,000 Total Business -type Activities $ 8,788,754 $ 565,792 $ 6,787,350 $ 2,567,196 $ 66,361 Total Long -Term Debt $81,871,489 $17,855,356 $18,427,594 $81,299,251 $ 7,536,910 1 Internal service fund long-term debt information is included in the governmental activities on the government -wide financial statements, because the internal service funds predominately serve those activities. The current portion of the post closure maintenance liability is expected to be insignificant and will be funded by the County's operations budget instead of the related escrow funds required by federal and state laws. Accordingly, the entire post closure maintenance liability is classified as long-term. Governmental activities' compensated absences are liquidated by the funds to which the related employee services relate. The Group Insurance Internal Service Fund assesses a monthly premium per employee in each fund. The monthly premiums paid by the various funds provide the resources necessary to liquidate the other postemployment benefit obligations paid in the current year by the Group Insurance Internal Service Fund. I F-25 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 13 - LONG-TERM DEBT - (Continued) The following is a summary of the County's bonds and notes as of September 30, 2013: Governmental Activities Revenue Bonds: Infrastructure Sales Surtax Revenue Bonds, Series 2003 Infrastructure Sales Surtax Revenue Bonds, Series 2007 Unamortized Original Issue Premium, Series 2007 Total Revenue Bonds Revenue Notes: Clean Water State Revolving Fund Construction Loan Agreement 2010 Clean Water State Revolving Fund Construction Loan Agreement 2013 Total Revenue Notes Total Government Activities Debt Service Funds Available to Pay Current Maturities Debt Service Funding not required for Note in Construction Draw Process Unamortized Original Issue Premium, Series 2007 Governmental Activities Principal Funding Requirements $ 8,635,000 15,985,000 477,409 25,097,409 9,024,465 5,461,341 14,485,806 39,583,215 (2,615,695) (5,461,341) (477,409) $31,028,770 Debt Service Funding Requirements - The total annual debt service requirements for bonds and notes outstanding at September 30, 2013 are as follows: 2014 2015 2016 2017 2018 2019-2023 2024-2030 Total Governmental Activities Principal Interest Total $ 4, 990, 338 5,177,352 5,374,695 5,577,372 5,825,398 2,660,135 4,039.175 $ 1,190,415 998,519 798,093 570,891 315,465 749,556 734,392 $ 6,180,753 6,175,871 6,172,788 6,148,263 6,140,863 3,409,691 4.773,567 $33,644,465 $ 5,357,331 $39,001,796 F-26 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 13 - LONG-TERM DEBT - (Continued) Long -Term Debt at September 30, 2013 is composed of the following issues: $21,455,000 Infrastructure Sales Surtax Revenue Bonds, Series 2003 Type: General Government Revenue Bonds Dated: March 2003 Final maturity: Year 2018 Principal payment date: April 1 Interest payment dates: April 1 and October 1 Interest rates: 3.6% to 4.0% Amount outstanding at September 30th: $8,635,000 Reserve requirement: None; MBIA insured. Revenue pledged: All of the One Cent Local Government Infrastructure Sales Surtax accruing to Monroe County. The total principal and interest remaining to be paid is $9,508,798. For the fiscal year, principal and interest paid was $1,861,203 and total pledged revenue was $17,172,360. Purpose: To construct and acquire equipment and capital improvements. Call provisions: First redemption date may not be later than 4/20/13 and no call premium may exceed 2% of the par amount redeemed. ' $29,415,000 Infrastructure Sales Surtax Revenue Bonds, Series 2007 Type: General Government Revenue Bonds Dated: November 2007 Final maturity: Year 2018 Principal payment date: April 1 Interest payment dates: April 1 and October 1 Interest rates: 4.0% to 5.0% Amount outstanding at September 30th: $15,985,000 Reserve requirement: None; MBIA insured. Revenue pledged: All of the One Cent Local Government Infrastructure Sales Surtax accruing to Monroe County. The total principal and interest remaining to be paid is $17,900,050. For the fiscal year, principal and interest paid was $3,639,300 and total pledged revenue was $17,172,360. Purpose: To construct and acquire equipment and capital improvements. Call provisions: None $19,500,540 Clean Water State Revolving Fund Construction Loan Agreement Type: General Government Revenue Notes Dated: April 2010 Final maturity: Year 2020 Principal payment date: March 15 and September 15 Interest payment dates: March 15 and September 15 Interest rate: 2.71% Amount outstanding at September 30th: $9,024,465 Reserve requirement: None Revenue pledged: Non -Ad Valorem Revenues in the General Fund, the Fine and Forfeiture Fund, and the Unincorporated Area Service District Funds. The total principal and interest remaining to be paid is $11,592,948. For the fiscal year, principal and interest paid was $681,938 and total pledged ' revenue was $25,076,206 Purpose: Refund temporary financing for wastewater capital improvements. Call provisions: None F-27 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 13 - LONG-TERM DEBT - (Continued) Clean Water State Revolving Fund Construction Loan Agreement On May 28, 2013, the State awarded $40,000,000 for collection, transmission and treatment facilities under the State Revolving Fund loan program. Subsequent to year end, the following two loan amendments were done to increase the award to the totals noted below: December 2013 - Amendment 1465,000,000 March 2014 - Amendment 2471,000,000 During the year ended September 30, 2013, loan draws of $5,434,652 were received and interest of $26,689 capitalized resulting in an outstanding loan balance as of September 30, 2013 of $5,461,341. Interest rate: 2.39% as of September 30, 2013 Final maturity and payment: Details to be determined upon completion of draw process Reserve requirement: None Revenue pledged: One Cent Local Government Infrastructure Sales Surtax and Cudjoe Regional Wastewater special assessments. For the fiscal year, there were no principal and interest payments made as the loan was still in the draw process and total pledged revenue was $22,250,432 Purpose: Financing for wastewater capital improvements. Call provisions: None NOTE 14 — CONDUIT DEBT IDA Health Care Facilities Revenue Bonds, Series 2003 - The Monroe County Industrial Development Authority approved the issuance of IDA Health Care Facilities Revenue Bonds, Series 2003, not to exceed $2,500,000 and for a loan by the Authority to the Guidance Clinic of the Middles Keys, Inc. to provide for the refinancing of certain outstanding indebtedness of the corporation and for financing certain capital improvements to the corporation's health care facilities. Ownership of the acquired facilities is in the name of the private entity served by the bond issuance. Neither the County, the Authority, the State, nor any political subdivision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. Maturity of the Series 2003 Bonds is August 1, 2018. City of South Miami Health Facilities Authority Hospital Revenue Bonds, Series 2007 - On April 18, 2007, the Board approved an interlocal agreement with the City of South Miami Health Facilities Authority for the issuance of $800,000,000 of tax-free bonds for Mariner's Hospital (Baptist Health South) for the purpose of financing capital improvements to health care facilities and refund outstanding bonds. The facilities will be owned by the issuers of the bonds and the Board is not obligated in any way for the repayment of the bonds. Monroe County was part of a group consisting of the State of Florida and other units of local government that participated to establish the tax-free status of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. Maturity of the Series 2007 Bonds is August 15, 2042. J F-28 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 15 — RECOGNITION OF CLOSURE AND POST CLOSURE COST ' As described in Note 1, current regulations of the U.S. Environmental Protection Agency (EPA) and the Florida Department of Environmental Protection (FDEP) require municipal solid waste landfills to place a final cover on closed landfill areas, and to maintain those areas for up to 30 years after closure. The ' Board obtains updated and revised estimates of total future closure and post closure costs from its engineers. All amounts recognized are based upon what it would cost to perform closure and post closure ' functions in current dollars. Actual costs may be different due to inflation, changes in technology, or changes in laws and regulations. ' Recognition of the liability for closure and post closure costs is based on the landfill capacity used to date. The landfill capacity of the County's previously operated landfills, which include Cudjoe Key, Long Key, and Key Largo, are 100% used and have no remaining landfill life. Closure of these landfills ' was substantially completed during the year ended September 30, 1994. During the year, the County requested and FDEP agreed to early release of all long term care requirements for the Key Largo and Long Key landfills. The County also has a landfill site at Cudjoe Key which has never been used and ' the County does not presently intend to use. Accordingly, no future closure cost is accruable except for post closure costs estimated to be incurred in the coming year. At September 30, 2013, the estimated future cost for post closure maintenance was $169,028. The cumulative effect of updated and revised estimates of closure -related costs is recognized in the ' period of the change to the extent it relates to current and past operations. The Florida Department of Environmental Protection approved a post closure operating plan, which permits the County to fund closure, and post closure costs as an operating expense using annual appropriations. Since the current portion of the post closure maintenance liability is expected to be insignificant and will be funded by the ' County's operations budget, the entire post closure maintenance liability is classified as long-term. The landfill is required by state and federal laws and regulations to make annual contributions to a cash escrow account to meet financial assurance requirements. Due to the early release of the financial assurance for the Key Largo and Long Key landfills and the increase in estimate for the Cudjoe Key Landfill, $230,000 was removed from the escrow account. Investment earnings of $293 were earned ' and added to the escrow account during the year. In accordance with laws and regulations, the landfill had cash and investments of $1,701,521 held for these purposes at September 30, 2013. In the event closure escrows and interest earnings prove inadequate due to inflation, changes in technology or additional post closure care requirements, these costs may need to be covered by charges to service users. F-29 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 16 - INTERFUND BALANCES Interfund balances at September 30, 2013 are as follows: Due to General Fund from: Fine & Forfeiture Fund $ 12,823 HIDTA Grants Fund 240,489 Governmental Grants Fund 62,587 Nonmajor Governmental Funds 2,059,266 Card Sound Bridge Fund 1,928 Internal Service Funds 12,190 Total 2,389,283 Due to Fine & Forfeiture from: General Fund 1,222,938 Due to HIDTA from: Nonmajor Governmental Funds 1,194 Due to Governmental Grants Fund from: General Fund 323,505 Nonmajor Governmental Funds 907,524 Total 1,231,029 Due to Cudjoe Regional Wastewater Proj from: Nonmajor Governmental Funds 54,949 Due to Nonmajor Governmental Funds from: General Fund 1,309,180 Governmental Grants Fund 18,587 Big Coppitt Wastewater Project Fund 54,087 Nonmajor Governmental Funds 1,014,125 Total 2,395,979 Due to Internal Service Fund from: General Fund 139,483 HIDTA Grants Fund 307,546 Total 447,029 Due to Municipal Svc District Fund from: General Fund 3,983 Due to Key West Airport Fund from: Nonmajor Governmental Funds 41,378 Due to Marathon Airport Fund from: Key West Airport Fund 1,145 Total Interfund Balances $ 7,788,907 During the course of operations, transactions occur which result in amounts owed to a particular fund by another fund, other than for goods provided or services rendered. These receivables and payables are due within a year and are classified as "Due from other funds/Due to other funds" on the governmental funds balance sheet or proprietary fund statement of net position. F-30 I 1 I J MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 17 - INTERFUND TRANSFERS Interfund transfers at September 30, 2013 are as follows: Transfers to General Fund from: Fine & Forfeiture Fund One Cent Infrastructure Surtax Fund Municipal Svc District Waste Fund Card Sound Bridge Fund Internal Service Funds Nonmajor Governmental Funds Total Transfers to Fine & Forfeiture Fund from: General Fund Nonmajor Governmental Fund Total $ 36,235,589 262,192 215,407 195,499 716,742 10,786,562 48,411,991 1,177,780 142,744 1,320,524 Transfers to Governmental Grants Funds from: General Fund 319,522 Nonmajor Governmental Funds 893,197 Total 1,212,719 Transfers to One Cent Infrastructure Surtax ' Fund from: Nonmajor Governmental Funds ' Transfer to Cudjoe Regional Wastewater Proj from: One Cent Infrastructure Surtax Fund ' Nonmajor Governmental Funds Total ' Transfers to Debt Service Fund from: One Cent Infrastructure Surtax Fund Big Coppitt Wastewater Project Fund ' Transfers to Nonmajor Governmental Funds from: General Fund ' Fine & Forfeiture Fund Governmental Grants Fund One Cent Infrastructure Surtax Fund ' Big Coppitt Wastewater Project Fund Cudjoe Regional Wastewater Proj Fund Municipal Svc District Waste Fund ' Nonmajor Governmental Funds Total Transfers to Mun Service Dist -Waste Fund from: ' General Fund Transfers to Marathon Airport Fund from: Key West Airport Fund Total Interfund Transfers F-31 21,132 19,404,000 926 19,404,926 5,248,371 1,022,969 6,271,340 1,674,336 1,770,733 678,463 3,900,000 1,000 2,000 8,000 200,760 8,235,292 3,704 50,888 $84,932,516 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 17 - INTERFUND TRANSFERS - (Continued) The One Cent infrastructure Surtax Fund, a major fund, interfund transfers out totaling $5,248,371 are related to the funding of debt service and interfund transfers out totaling $23,304,000 are for the partial funding of the Duck Key Wastewater Project, a nonmajor fund, and Cudjoe Regional Wastewater Project, a major fund. Transfers to the Governmental Grants Fund of $1,212,719 represent the match requirements of various grants. The Key West Airport fund transfers out of $50,000 to the Marathon Airport fund provides for runway painting. The remaining transfers in and out are related to supporting operations. NOTE 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS Fund Balances are presented in the following categories; nonspendabie, restricted, committed, assigned and unassigned (see Note 1 for a description of these categories). A detailed schedule of governmental fund balances at September 30, 2013 is on the following page: J F-32 i 1 I THIS PAGE INTENTIONALLY LEFT BLANK Ll MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS - (Continued) Govern- One Cent Fine & mental Infrastruc- General Forfeiture Grants ture Surtax Fund Balances: Nonspendable: Inventory $ 5,450 $ - $ - $ - Restricted for: Law Enforcement - 18,209,080 - - Fire & Ambulance - - - - Public Safety - - - - Physical Environment - - - - Transportation - - - - Housing Programs - - - - Tourist Development - - - - Human Services - - - - Libraries - - - - Library Donations 102,461 - - - Cultural & Recreation - - - - Court Programs - - - - Comprehensive Planning - - - - Federal & State Grants - - 2,388,460 - Wastewater Projects - - - - Other Purposes - - - - Debt Service - - - - Capital Projects - - - 11,194,376 Total Restricted 102,461 18,209,080 2,388,460 11,194,376 Committed to: Physical Environment - - - - Sheriff Contract Admin - - - - Wastewater Projects - - - - Beach Renourishment - - - - Total Committed - - - - Assigned to: Other Purposes 14,968 - - - Fire & Ambulance - - - - Subsequent Year's Expenditures 14,029,820 - - - Total Assigned 14,044,788 - - - Unassigned: 21,494,627 - - - Total Fund Balances $35,647,326 $18,209,080 $2,388,460 $11,194,376 F-33 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS - (Continued) Cudjoe Nonmajor Total Big Coppitt Regional Govern- Govern - Wastewater Wastewater All Debt mental mental Project Project Service Funds Funds $ - $ 5,450 - - - 14,125,407 32,334,487 - - - 1,247,567 1,247,567 - - - 2,798,892 2,798,892 - - - 2,919,332 2,919,332 - - - 15,446,194 15,446,194 - - - 1,802,947 1,802,947 - - - 21,105, 367 21,105, 367 - - - 1,321,192 1,321,192 - - - 919,787 919,787 - - - 364,258 466,719 - - - 1,358,280 1,358,280 - - - 5,518,143 5,518,143 - - - 3,732,645 3,732,645 - 4,584,323 - - 6,972,783 3,081,404 7,363,125 - 3,093,514 13,538,043 - - - 418,169 418,169 - - 2,626,132 - 2,626,132 - - - 4,855,672 16, 050, 048 3,081,404 11,947,448 2,626,132 81,027,366 130,576,727 - - - 1,434,048 1,434,048 - - - 975,141 975,141 - - - 170,332 170,332 - - - 266,242 266,242 2,845,763 2,845,763 - 14,968 - - - 5,592,775 5,592,775 - 14,029,820 - - - 5,592,775 19,637,563 - - - - 21,494,627 $3,081,404 $11,947,448 $2,626,132 $89,465,904 $174,560,130 F-34 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 19 - RISK MANAGEMENT The County is exposed to various risks of loss related to tort; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal years ended 1976, 1984 and 1988, the County established the Worker's Compensation, Group Insurance, and Risk Management Funds, respectively, as internal service funds to account for and finance its uninsured risks of loss. Under these programs, the Worker's Compensation has self insured coverage up to the first $500,000 per claim for regular employees. Workers' Compensation claims in excess of the self insured coverage of $500,000 are covered by an excess insurance policy. The Group Insurance Fund provides self insured excess claims. Risk Management has a $5,000,000 excess insurance policy for general liability claims with a $200,000 self -insured retention, and building property damage is covered for the actual value of the building with a deductible of $50,000. Deductibles for windstorm and flood vary by location. The Board purchases commercial insurance for claims in excess of coverage provided by the funds and for all other risks of loss. Settled claims have not exceeded this commercial coverage in any of the past three years. All funds of the County participate in the programs and make payments to the Worker's Compensation, Group Insurance and Risk Management Funds based on management's estimates of the amounts needed to pay prior and current year claims. The claims liabilities reported are based on the requirements of Governmental Accounting Standards Board Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Changes in the claims liability amounts in fiscal years 2013 and 2012 were: Unpaid claims at Sept. 30, 2011 Incurred claims (including IBNRs) Claim payments Unpaid claims at Sept. 30, 2012 Incurred claims (including IBNRs) Claim payments Worker's Comp. $ 1,712,607 Group Insurance $ 4,581,542 Risk Mgmt $ 112,593 Total $ 6,406,742 2,017,917 10, 370, 993 269,162 12,658, 072 (1,918,485) (13,935,702) (208,785) (16,062,972) 1,812,039 1,016,833 172,970 3,001,842 1,579,348 12,632,655 208,818 14,420,821 (2,321,486) (12,683,924) (147,878) (15,153,288) Unpaid claims at Sept. 30, 2013 $ 1,069,901 $ 965,564 $ 233,910 $ 2,269,375 EI F-35 �1 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 20 — LITIGATION AND CLAIMS ' The County is a defendant in various lawsuits and is involved in other disputes wherein substantial amounts are claimed. The County vigorously defends itself with respect to these matters. The County's practice is to provide for these claims when a loss is probable and a loss becomes fixed or ' determinable in amount. As a result of administrative proceedings, a settlement agreement of $500,000 was reached ' subsequent to year end over utility connection fees to be paid by the County. Since this One Cent Infrastructure Surtax Fund expenditure will not require the use of current expendable financial resources, it has not been recorded as of September 30, 2013. ' As a result of regulations adopted to protect the environment and manage growth, the County is involved in a handful of law suits. Most claims have been defeated to date, but two merit mention. In both of these cases, the County and State of Florida are co-defendants and any amounts awarded are ' expected to be apportioned between the parties. In one regulatory takings claim, the trial court found against the County and the State of Florida ' on the issue of liability in a bifurcated bench trial. In that trial, the Court placed a preliminary value on the claim of $175,000. While a final determination of value has yet to be determined in a jury trial, it is not expected to exceed $500,000 inclusive of interest, costs and attorney's fees. ' After that jury trial, the County will have its first opportunity to appeal the order finding liability. Due to errors in the trial court's liability order, this claim should be classified as a reasonably possible loss at most. Once the litigation and appeals are completed, the value of this claim ' should range between zero and $500,000. In the second regulatory takings claim, the liability has been judicially determined against the County and State of Florida. Although the jury in a prior trial valued the property at $3 million, ' that award was vacated. Due to development approvals that have been granted during the intervening period since that prior valuation trial and determination of liability, there is a reasonable expectation that a future jury's valuation of the property would fall below the previous award. However, given the unusual circumstances involved, an estimate of the amount or range of potential losses cannot be determined. ' In the opinion of the County, it is reasonably possible that there are other open suits and claims that could result in judgments or settlements, which, in aggregate, would have a material adverse effect on the County's financial condition. Based on the uncertainty at this stage of the proceedings, an estimate ' of the amount or a range of potential losses cannot be determined. NOTE 21 - COMMITMENTS AND CONTINGENCIES ' Grant Programs - The County participates in a number of federal and state grant programs that are governed by various rules and regulations of the grantor agencies. Amounts received or receivable from grant agencies are subject to financial and compliance audits by the grantors or their ' representatives. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, which may be disallowed by the grantor, cannot be determined at this time, although the County expects such amounts, if any, to be immaterial. F-36 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 21 - COMMITMENTS AND CONTINGENCIES — (Continued) Arbitrage Rebate - In accordance with the Tax Reform Act of 1986, any interest earnings on borrowed construction funds in excess of the interest costs are required to be rebated to the federal government. As of September 30, 2013, the County has estimated its arbitrage rebate liability to be $6,053 for its business -type activities. Impact Fee Refunds - Unexpended or unencumbered funds arising from the collection of impact fees may be refunded within one year following the end of the sixth year from the date on which the impact fee was paid or within three months of the non -commencement of construction. NOTE 22 — CHANGE IN ACCOUNTING PRINCIPLES The County implemented the provisions of GASB Statement No. 61, The Financial Reporting Entity. - Omnibus, an amendment of GASB Statements No. 14 and No. 34 effective October 1, 2012. Implementation of this statement changes the presentation of the Monroe County Land Authority from a blended component unit of the Board and County to that of a discretely -presented component unit. Due to the changes in presentation requiring removal of the Monroe County Land Authority as a major fund from the County statements, the beginning governmental fund balances and government -wide net position have been restated as follows: Beginning balance Removal of MCLA Beginning balance, As restated Fund Balance $203,074,385 ( 22,791,075) Net Position $457,710,814 ( 41,594,680) 416,116,134 The County implemented GASB Statement 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position effective October 1, 2012. The County's implementation required the Balance Sheet to present deferred outflows and inflows of resources in separate sections following total assets and total liabilities sections, respectively. In the case of the County, the implementation of this standard was isolated to reclassification of unearned revenue which represents grant funds received in advance of expenditures and unavailable revenue from charges for services. NOTE 23 — PRIOR PERIOD ADJUSTMENTS During the year ended September 30, 2013, errors were found in the previous reporting of both revenues and expenditures for the wastewater projects and receivables cut-off. Staff analyzed each of the wastewater projects, Stock Island, Big Coppitt, Duck Key and Cudjoe, from their inception. The years requiring adjustment range from 2005 through 2012. Generally accepted accounting principles require that assessment revenues and the associated interest and collection fees, be treated as unearned until the project is substantially complete and available to the property owners. Additionally, agreements were made to advance funds to FKAA to cover construction costs. The advance payments made during the project periods were reported as expenditures at the time they were advanced rather than when the money was actually spent as required by accounting standards. These reporting issues were corrected in the year ended September 30, 2013 and resulted in the following restatements of the beginning balances on both the fund and government -wide financial statements: 0 F-37 ' MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 ' NOTE 23 — PRIOR PERIOD ADJUSTMENTS (Continued): • Cudjoe Regional Wastewater Fund (Major): $818,331 of advance payments made on construction projects were previously treated as expenses/expenditures and $2,252,238 of collections were previously recognized as revenue prior to the project being completed. This ' adjustment has a ($1,433,907) effect on fund balance and net position as of October 1, 2012. • Big Coppitt Wastewater Fund (Major): Net assessment receivables of $73,207 were not previously recorded. This adjustment has a $73,207 effect on fund balance and net position as ' of October 1, 2012. • Duck Key Wastewater Fund (Nonmajor): $839,097 of advance payments made on construction projects were previously treated as expenses/expenditures and $1,200,417 of collections were previously recognized as revenue prior to the project being completed. This adjustment has a ($361,320) effect on fund balance and net position as of October 1, 2012. The following is a summary of the restatements on the net position for the governmental activities and ' fund balance: Net Position ' for the Governmental Fund Balance Activities ' Balance as of October 1 $ 180,283,310 $ 416,116,134 Cudjoe Regional Wastewater Fund (1,433,907) (1,433,907) ' Big Coppitt Wastewater Fund 73,207 73,207 Duck Key Wastewater Fund (361,320) (361,320) ' Balance as of October 1, Restated $ 178,561,290 $ 414,394,114 The Key West Airport Fund has been collecting passenger facility charges for years and recording them ' on the cash basis rather than the accrual basis required by proprietary fund reporting. This error was discovered during the year ended September 30, 2013 and the fund and government -wide financial statements were restated to record the appropriate receivables of $209,479 as of September 30, 2012. ' The following is a summary of the restatements on the net position for the Key West Airport, a business -type activity: ' Net Position for the Business -type ' Activities Balance as of October 1 $ 104,592,885 ' Key West Airport 209,479 Balance as of October 1, Restated $ 104,802,364 ' The effect of these adjustments on the immediately preceding period has not been assessed. F-38 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2013 NOTE 24 — SUBSEQUENT EVENTS Management has evaluated subsequent events through June 30, 2014, in connection with the preparation of these financial statements, which is the date the financial statements were available to be issued. F-39 P; No COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES am NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS r AFFORDABLE HOUSING PROGRAMS To account for revenues and expenditures of various low income housing programs. aw ROAD & BRIDGE To account for revenues and expenditures of the constitutional gas taxes. TOURIST DEVELOPMENT DISTRICTS To account for the local option three -cent bed tax in five districts, all districts two cent, and administrative and promotional funds for the expenditures of advertising, promotions, and special events of the County Tourist Development Council. IMPACT FEES To account for the revenues and expenditures relating to impact fees collected for roadways, parks and recreation, libraries, solid waste, police facilities, fire and EMS, and fair share housing. r.• FIRE AND AMBULANCE DISTRICT #1, LOWER AND MIDDLE KEYS To account for revenues and expenditures in District #1 for fire and ambulance services. UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. OWO UNINCORPORATED AREA SERVICE DISTRICTS To account for all revenues and expenditures for planning, building and zoning and parks and recreation ,... services provided only to the unincorporated area of the County. LOCAL HOUSING ASSISTANCE SPECIAL REVENUE FUND mope The Local Housing Assistance Fund is used to account for the revenues and expenditures for the administration and implementation of the State Housing Initiatives Partnership Program. MUNICIPAL POLICING OEM To account for all revenues and expenditures for local road patrol law enforcement in the City of Marathon, City of Layton and Islamorada, Village of Islands. AMM DUCK KEY SECURITY DISTRICT To account for the revenues and expenditures in providing security services for the Duck Key District. ...r BOATING IMPROVEMENT To account for revenues and expenditures for providing boating -related activities, for removal of vessels and floating structures deemed a hazard to public safety and health, and for manatee and marine mammal protection and recovery. MISCELLANEOUS SPECIAL REVENUE To account for revenues and expenditures earmarked for specific purposes. ENVIRONMENTAL RESTORATION To account for all revenue and expenditures for fines/fees collected and earmarked for environmental INM protection. (Continued) w' mi 1 1 1 1 1 NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS — CONTINUED COURT FACILITY FEES To account for revenues collected upon the institution of any civil action, suit or proceeding to be used exclusively in providing and maintaining existing and future facilities for the use of the Circuit and County Court systems. DRUG ABUSE TRUST To account for assessments collected for drug abuse programs and to disburse assistance grants for drug abuse treatment and/or educational programs which meet the standards for qualification of such programs by the Department of Health and Rehabilitative Services. MARATHON MUNICIPAL SERVICE To account for the revenues and expenditures for municipal services for Marathon. WASTEWATER MSTU To account for the revenues and expenditures for wastewater services for Conch Key, Bay Point, Big Coppitt, Key Largo, Stock Island, Cudjoe-Sugarloaf, Long Key -Layton and Duck Key. BUILDING FUND ' To account for the revenues and expenditures relating to building permits and for the administration and enforcement of the building code for the unincorporated area of the County. ' SHERIFF'S INMATE COMMISSARY To account for the receipts and disbursements of inmate telephone commissions, canteen revenues and other inmate programs. ' SHERIFF'S GRANTS To account for the revenues and expenditures relating to various grants. ISHERIFF'S TEEN COURT To account for receipts and disbursements pertaining to a program designed to deter juveniles who are ' becoming involved in crime. SHERIFF'S SHARED ASSET FORFEITURE ' To account for the revenues and expenditures of the Sheriff Department's shared asset forfeiture program. SHERIFF'S FEDERAL FORFEITURE ' To account for the revenues from the U.S. Departments of Justice and Treasury. Expenditures are made in accordance with the guidelines issued by these agencies. ' SHERIFF'S CONTRACT ADMINISTRATIVE To account for the receipts of service fees collected for administering HIDTA, South Florida Law Enforcement Trust Fund, Impact Support and the NHAC Financial Unit. Expenditures relate to the costs ' of administering their activities. SHERIFF'S STATE FORFEITURE ' To account for the proceeds from state forfeitures received primarily from the South Florida Drug and Money Laundering Task Force. (Continued) NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS — CONTINUED SHERIFF'S INTER -AGENCY COMMUNICATIONS To account for revenues and expenditures allocated for radio communications. SHERIFF'S 911 To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 emergency telephone systems. SHERIFF'S TRAUMA STAR To account for revenues and expenditures for the Sheriff's operation of the Trauma Star helicopter. SHERIFF'S RADIO COMMUNICATIONS To account for revenues and expenditures from Court fees for radio communications. CLERK'S MODERNIZATION TRUST To account for revenue received through an additional recording fee pursuant to Florida Statute 28.24(15)(d) to be used for equipment, equipment maintenance, training and technical assistance necessary to modernize the clerk's public records system. CLERK'S COURT RELATED To account for revenues and expenditures for providing court related services under the direction of the Clerk of the Circuit Court. SUPERVISOR'S VOTER EDUCATION & EQUIPMENT To account for revenue received through grants for the education of voters and the purchase of voter equipment. CAPITAL PROJECT FUNDS CLERK'S REVENUE NOTE To account for the Clerk's network system from the Florida Local Government Finance Commission Loan. INFRASTRUCTURE REVENUE BONDS SERIES 2003 To account for the revenues and expenditures funded by the Infrastructure Revenue Bonds Series 2003 debt issuance. INFRASTRUCTURE REVENUE BONDS SERIES 2007 To account for the revenues and expenditures funded by the Infrastructure Revenue Bonds Series 2007 debt issuance. DUCK KEY WASTEWATER To account for the revenues and expenditures of the wastewater infrastructure for Duck Key. fl 0 e ki Fi THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 ASSETS Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Total Assets LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances: Restricted Committed Assigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources and Fund Balances SPECIAL Tourist Tourist Affordable Development Development Tourist Housing Road & All Districts Admin & Promo Development Programs Bridge Two Cent Two Cent District #One $ 95,100 $ 2,688,159 $ 1,597,904 $ 2,807,817 $ 2,042,500 284,961 7,935,080 3,188,922 5,107,874 3,337,563 - - - 663 - - - 80,341 199,294 181,605 - 490,335 - - - 723 20,128 8,089 12,957 8,466 $ 380,784 $ 11,133,702 $ 4,875,256 $ 8,128,605 $ 5,570,134 $ - $ 10,807 $ 353,859 $ 391,011 $ 194,068 - 82,790 1,698 543 5,556 - 870,942 40,736 53,980 183 - 37,378 - - 247,689 - 375 - - - - 1,002,292 396,293 445,534 447,496 380,784 10,131,410 4,478,963 7,683,071 4,856,396 - - - - 266,242 380,784 10,131,410 4,478,963 7,683,071 5,122,638 $ 380,784 $ 11,133,702 $ 4,875,256 $ 8,128,605 $ 5,570,134 Fl G-1 REVENUE FUNDS Tourist Tourist Tourist Tourist Impact Fees, ' Development Development Development Development Impact Fees, Parks and District #Two District #Three District #Four District #Five Roadways Recreation ' $ 147,642 $ 581,674 $ 513,431 $ 372,744 $ 1,369,607 $ 120,783 179,861 1,004,442 969,682 545,412 4,101,637 361,921 ' 11,733 33,753 31,182 28,489 - - 456 2,548 2,460 1,383 10,404 918 $ 339,692 $ 1,622,417 $ 1,516,755 $ 948,028 $ 5,481,648 $ 483,622 $ 13,824 $ 68,487 $ 133,654 $ 71,891 $ 165,732 $ 39,744 ' 1,843 136 136 4,139 1,132 - 16 1,739 37 41 - - ' - 26,180 17,832 - - - ' 15,683 96,542 151,659 76,071 166,864 39,744 324,009 1,525,875 1,365,096 871,957 5,314,784 443,878 324,009 1,525,875 1,365,096 871,957 5,314,784 443,878 $ 339,692 $ 1,622,417 $ 1,516,755 $ 948,028 $ 5,481,648 $ 483,622 1 ' (Continued) G-2 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 ASSETS Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Total Assets LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances: Restricted Committed Assigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources and Fund Balances SPECIAL Impact Fees, Impact Fees, Impact Fees, Impact Fees, Libraries Solid Waste Police Facilities Fire & EMS $ 255,853 $ 13,638 $ 29,812 $ 7,181 766,371 40,836 89,292 21,544 37,419 - - - 1,944 104 227 55 $ 1,061,587 $ 54,578 $ 119,331 $ 28,780 141,800 - - - 141,800 - - - 919,787 54,578 119,331 28,780 919,787 54,578 119,331 28,780 $ 1,061,587 $ 54,578 $ 119,331 $ 28,780 G-3 IF U REVENUE FUNDS Fire & Amb Upper Keys Unincorp. Unincorp. Impact Fees, District #1, Health Care Area Service Area Service Fair Share Lower and Special District, Dist., Planning Municipal ' Housing Middle Keys Taxing District Parks & Rec. Bldg. & Zoning Policing $ 105,313 $ 1,642,632 $ 295,708 $ 258,058 $ 1,740,832 $ 353,949 315,564 4,171,766 885,129 732,122 4,782,384 1,056,079 - 275,505 - 860 9,939 - - 168,843 - - 31,490 446,140 - 7,117 - - 410,510 10,582 2,245 1,857 12,131 2,679 '802 $ 421,679 $ 6,276,445 $ 1,183,082 $ 992,897 $ 6,987,286 $ 1,858,847 $ I- - $ 123,112 $ 8,370 $ 40,015 $ 66,819 $ - 389,861 593 26,076 243,325 - - - - - 58,631 - = 1,116 = 8,752 3,545 = - - - - 14,983 - - - 3,652 _ 514,089 8,963 78,495 387,303 - - 169,581 - - - - - 169,581 - - - - 421,679 - 1,174,119 914,402 6,599,983 1,858,847 ' - 5,592,775 - - - - 421,679 5,592,775 1,174,119 914,402 6,599,983 1,858,847 $ 421,679 $ 6,276,445 $ 1,183,082 $ 992,897 $ 6,987,286 $ 1,858,847 1 ' (Continued) ' G-4 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 SPECIAL Duck Key Local Miscellaneous Security Housing Boating Special District Assistance Improvement Revenue ASSETS Cash and Cash Equivalents $ 96,444 $ 263,442 $ 679,719 $ 672,891 Investments 288,975 788,824 1,909,294 1,875,810 Accounts Receivable, Net - - - - Assessments Receivable - - - - Due from Other Funds 463 - 18,587 - Due from Other Governmental Units - - - - Mortgages/Notes Receivable - 8,741,776 - - Allowance for Mortgages/Notes Receivable - (8,741,776) - - Advances - - - - Interest Receivable 733 2,001 4,843 4,829 Total Assets $ 386,615 $ 1,054,267 $ 2,612,443 $ 2,553,530 LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable $ 5,033 $ 53,783 $ 126,978 $ 33,757 Retainage Payable - - - - Accrued Wages and Benefits Payable - - - - Due to Other Funds - - - 52,072 Due to Other Governmental Units - - 11,688 16 Unearned Revenues - - - Other Current Liabilities - - - - Deposits in Escrow - - - - Total Liabilities 5,033 53,783 138,666 85,845 Deferred Inflows of Resources: Advances from Other Governments - - - 30,271 Unavailable Revenues - - - - Total Deferred Inflows of Resources - - - 30,271 Fund Balances: Restricted 381,582 1,000,484 2,473,777 2,437,414 Committed - - - - Assigned - - - - Total Fund Balances 381,582 1,000,484 2,473,777 2,437,414 Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 386,615 $ 1,054,267 $ 2,612,443 $ 2,553,530 G-5 REVENUE FUNDS Court Drug Marathon Bay Point Big Coppitt Environmental Facility Abuse Municipal Wastewater Wastewater Restoration Fees Trust Service MSTU MSTU $ 360,509 $ 580,480 $ 43,023 $ 488 $ 13,113 $ 437 1,074,666 1,614, 398 114,311 1,461 39,144 1,307 4,095 290 4 99 3 '2,726 $ 1,437,901 $ 2,198,973 $ 157,624 $ 1,953 $ 52,356 $ 1,747 $ 372 $ 65,201 $ 7,872 $ - $ - $ - 3,437 3,225 2,679 - 324 - ' 44 - - - - 3,853 68,426 10,551 - 324 - - 2,130,547 147,073 1,953 - - 1,434,048 - - - 52,032 1,747 1,434,048 2,130,547 147,073 1,953 52,032 1,747 $ 1,437,901 $ 2,198,973 $ 157,624 $ 1,953 $ 52,356 $ 1,747 (Continued) G-6 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 ASSETS Cash and Cash Equivalents . Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Total Assets LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances: Restricted Committed Assigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources and Fund Balances SPECIAL Key Largo Cudjoe- Wastewater Stock Island Sugarloaf Conch Key MSTU Wastewater MSTU MSTU $ 2,200 $ 149,703 $ 4,685 $ 264 6,581 448,267 14,205 787 339,426 - - 463 4 - 17 1,137 36 2 $ 8,798 $ 938,996 $ 18,930 $ 1,053 $ - 107 $ 1,763 $ 363 1,758 $ - - 87 107 2,126 1,758 87 - 338,565 - - - 338,565 - - - 8,691 598,305 - - 17,172 - 966 8,691 598,305 17,172 966 $ 8,798 $ 938,996 $ 18,930 $ 1,053 G-7 REVENUE FUNDS ' Long Key, Sheriff's Sheriff's Sheriff's Layton Duck Key Building Teen Federal State ' MSTU MSTU Fund Court Forfeiture Forfeiture ' $ 4,845 $ 17,586 $ 369,128 $ - $ 2,067,852 $ 193,321 14,529 52,712 897,843 - - 433,857 - 1 - 23,430 1,799 - - - - 4,357 - 6 25 133 2,277 - - 1,101 ' $ 19,399 $ 70,432 $ 1,269,248 $ 27,787 $ 2,069,651 $ 628,285 w $ - $ - $ 4,700 $ - $ 500 $ - 107 - 104,642 - - - - - - 2,490 17,722 - ' - = 636 - - - ' - - 8,110 - - - 107 118,088 2,490 18,222 - - 1,151,160 25,297 2,051,429 628,285 ' 19,292 70,432 - - - - 19,292 70,432 1,151,160 25,297 2,051,429 628,285 $ 19,399 $ 70,432 $ 1,269,248 $ 27,787 $ 2,069,651 $ 628,285 ' (Continued) ' G-8 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 ASSETS Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Total Assets LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances: Restricted Committed Assigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources and Fund Balances SPECIAL Sheriffs Sheriffs Sheriffs Contract Sheriffs Interagency Trauma Administration Commissary Communications Star $ - $ 542,995 $ 1,065,550 $ - 3,831 46,052 - - 966,641 16,870 20,288 - 109,007 - 66,476 - $ 1,079,479 $ 605,917 $ 1,152,314 $ - $ - $ 14,194 $ - $ - 92,974 28,323 18,530 11,364 8,528 - - 104,338 51,045 18,530 - - 554,872 1,133,784 - 975,141 - - - 975,141 554,872 1,133,784 - $ 1,079,479 $ 605,917 $ 1,152,314 $ - G-9 REVENUE FUNDS Sheriff's Sheriff's Clerk's Clerk's Radio Communication Sheriff's Grants Shared Asset Forfeiture Sheriff's E911 Records Modernization Court Related ' $ 51,371 $ $ 5,287,557 $ 2,495,586 $ 1,721,524 $ 1,086,993 ' - 79,994 - - - 42 - 91,227 - 36,573 - 15,706 $ 51,371 $ 171,221 $ 5,287,557 $ 2,532,159 $ 1,721,524 $ 1,102,741 $ - $ - $ 67,111 $ - $ - $ 349,662 51,371 152,965 - 17,299 - 560,685 118,181 ' - - - - - 74,213 ' 51,371 152,965 67,111 17,299 - 1,102,741 - 18,256 5,220,446 2,514,860 1,721,524 - - 18,256 5,220,446 2,514,860 1,721,524 - I$ 51,371 $ 171,221 $ 5,287,557 $ 2,532,159 $ 1,721,524 $ 1,102,741 (Continued) G-10 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2013 ASSETS Cash and Cash Equivalents Investments Accounts Receivable, Net Assessments Receivable Due from Other Funds Due from Other Governmental Units Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Advances Interest Receivable Total Assets LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable Due to Other Funds Due to Other Governmental Units Unearned Revenues Other Current Liabilities Deposits in Escrow Total Liabilities Deferred Inflows of Resources: Advances from Other Governments Unavailable Revenues Total Deferred Inflows of Resources Fund Balances. - Restricted Committed Assigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources and Fund Balances SPECIAL REVENUE FUNDS CAPITAL Supervisor's Total Nonmajor Clerk's Infrastructure Voter ED & Special Rev Revenue Revenue Bonds Equipment Funds Note Series 2003 $ 17,707 $ 34,829,750 $ 25,446 $ 711,621 - 49,455,413 76,240 - - 336,850 - - - 339,426 - - - 2,341,452 - - - 1,268,733 - - - 8,741,776 - - - (8,741,776) - - - 125,509 193 - $ 17,707 $ 88,697,133 $ 101,879 $ 711,621 $ - $ 2,414,077 $ 872,799 - 11 2,162,536 - 492,949 - - 74,213 - - 14,983 - - 12,137 - 6,043,694 - 11 - 30,271 - - 508,146 - - 538,417 - - 17,707 73,676,484 101,879 711,610 - 2,845,763 - - - 5,592,775 - - 17,707 82,115,022 101,879 711,610 $ 17,707 $ 88,697,133 $ 101,879 $ 711,621 G-11 1 t PROJECT FUNDS Total Infrastructure Duck Key Nonmajor Revenue Bonds Wastewater Governmental Series 2007 Project Funds $ 349,904 $ 581,809 $ 36,498,530 6,081,687 1,742,195 57,355,535 - - 336,850 - 935,490 1,274,916 - 54,527 2,395,979 - - 1,268,733 - - 8,741,776 - - (8,741,776) - 157,497 157,497 12,300 4,419 142,421 $ 6,443,891 $ 3,475,937 $ 99,430,461 $ 204,284 $ 2,748 $ 2,621,109 334,020 334,020 1,503 215 874,528 1,861,900 54,000 4,078,436 492,949 - - 74,213 - - 14,983 - - 12,137 2,401,707 56,963 8,502,375 - - 30,271 - 923,765 1,431,911 - 923,765 1,462,182 4,042,184 2,495,209 81,027,366 - - 2,845,763 5,592,775 4,042,184 2,495,209 89,465,904 $ 6,443,891 $ 3,475,937 $ 99,430,461 u G-12 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 SPECIAL Tourist Tourist Affordable Development Development Tourist Housing Road & All Districts Admin & Promo Development Programs Bridge Two Cent Two Cent District #One Revenues: Taxes $ - $ 2,024,580 $ 4,425,522 $ 9,170,553 $ 7,875,064 Licenses and Permits - - - - - Intergovernmental - 3,292,092 - - - Charges for Services - 65,080 - - - Fines and Forfeitures - - - - - Investment Income 1,039 27,312 12,361 22,965 16,203 Miscellaneous - 52,513 - 98 - Total Revenues 1,039 5,461,577 4,437,883 9,193,616 7,891,267 Expenditures: Current: General Government - - - - - Public Safety - - - - - Physical Environment - - - - - Transportation - 4,077,749 - - - Economic Environment - - 3,762,534 8,499,148 8,129,951 Human Services - - - - - Culture and Recreation - - - - - Court Related - - - - - Capital Projects - - - - - Total Expenditures - 4,077,749 3,762,534 8,499,148 8,129,951 Excess/Deficiency of Revenues Over/(Under) Expenditures 1,039 1,383,828 675,349 694,468 (238,684) Other Financing Sources/(Uses): Transfers from Other Funds - 30,000 78,649 162,976 140,735 Transfers to Other Funds - (1,356,869) (65,353) (62,133) (108,534) Debt Proceeds - - - - - Total Other Financing Sources/(Uses) - (1,326,869) 13,296 100,843 32,201 Net Change in Fund Balances 1,039 56,959 688,645 795,311 (206,483) Fund Balances -October 1 379,745 10,074,451 3,790,318 6,887,760 5,329,121 Adj. to Increase/(Decrease)Beg Fund Bal - - - - - Fund Balances -October 1, Restated 379,745 10,074,451 3,790,318 6,887,760 5,329,121 Fund Balances -September 30 $ 380,784 $ 10,131,410 $ 4,478,963 $ 7,683,071 $ 5,122,638 G-13 11 I 1 1 REVENUE FUNDS Tourist Tourist Tourist Tourist Impact Fees, Development Development Development Development Impact Fees, Parks and District #Two District #Three District #Four District #Five Roadways Recreation $ 670,103 $ 1,917,734 $ 1,528,900 $ 1,604,275 $ - $ - - _ _ - 72,354 26,180 1,000 4,776 3,978 2,503 15,176 1,308 671,103 1,922,510 1,532,878 1,606,778 87,530 27,488 - - - - 441,585 - 658,840 1,907,187 1,144,449 1,797,462 - - - - - - - 56,874 658,840 1,907,187 1,144,449 1,797,462 441,585 56,874 12,263 15,323 388,429 (190,684) (354,055) (29,386) 11,732 (27,202) 33,753 (16,146) 26,916 (14,779) 28,489 (53,384) - (30,000) - - (15,470) 17,607 12,137 (24,895) (30,000) - (3,207) 32,930 400,566 (215,579) (384,055) (29,386) 327,216 1,492,945 964,530 1,087,536 5,698,839 473,264 327,216 1,492,945 964,530 1,087,536 5,698,839 473,264 $ 324,009 $ 1,525,875 $ 1,365,096 $ 871,957 $ 5,314,784 $ 443,878 ' I(Continued) G-14 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 SPECIAL Impact Fees, Impact Fees, Impact Fees, Impact Fees, Libraries Solid Waste Police Facilities Fire & EMS Revenues: Taxes $ - $ - $ - $ - Licenses and Permits 67,973 5,814 12,511 8,740 Intergovernmental - - - - Charges for Services - - - - Fines and Forfeitures - - - - Investment Income 2,664 150 311 65 Miscellaneous - - - - Total Revenues 70,637 5,964 12,822 8,805 Expenditures: Current: General Government - - - - Public Safety - - - - Physical Environment - - - - Transportation - - - - Economic Environment - - - - Human Services - - - - Culture and Recreation - - - - Court Related - - - - Capital Projects - - - - Total Expenditures - - - - Excess/Deficiency of Revenues Over/(Under) Expenditures 70,637 5,964 12,822 8,805 Other Financing Sources/(Uses): Transfers from Other Funds - - - - Transfers to Other Funds - - - - Debt Proceeds - - - - Total Other Financing Sources/(Uses) - - - - Net Change in Fund Balances 70,637 5,964 12,822 8,805 Fund Balances -October 1 849,150 48,614 106,509 19,975 Adj. to Increase/(Decrease)Beg Fund Bal - - - - Fund Balances -October 1, Restated 849,150 48,614 106,509 19,975 Fund Balances -September 30 $ 919,787 $ 54,578 $ 119,331 $ 28,780 G-15 REVENUE FUNDS Fire & Amb Upper Keys Unincorp. Unincorp. Impact Fees, District #1, Health Care Area Service Area Service Fair Share Housing Lower and Middle Keys Special Taxing District District, Parks & Rec. Dist., Planning Bldg. & Zoning Municipal Policing $ - $ 10,546,893 $ - $ 1,406,650 $ 1,188,205 $ 3,919,735 6,098 - - - - 124,391 = 6,984 5,143,640 - 554,200 - 33,896 659,752 3,185,397 - - - - 429,645 - 1,145 28,033 3,292 4,105 22,500 7,442 - 1,067 - 114,754 961 - 7,243 11,254,584 3,292 1,566,389 7,444,703 7,112,574 - - - - 2,549,148 - 8,844,055 2,294,326 794,848 - - - - 441,136 - - - 74,153 - - - = = - 1,493,489 - = - 8,844,055 74,153 1,493,489 5,284,610 794,848 7,243 2,410,529 (70,861) 72,900 2,160,093 6,317,726 - 324,777 - - 31,489 116,737 - (1,573,392) (19,137) (280,733) (1,381,188) (6,230,039) ' - (1,248,615) (19,137) (280,733) (1,349,699) (6,113,302) ' 7,243 1,161,914 (89,998) (207,833) 810,394 204,424 414,436 4,430,861 1,264,117 1,122,235 5,789,589 1,654,423 t414,436 4,430,861 1,264,117 1,122,235 5,789,589 1,654,423 $ 421,679 $ 5,592,775 $ 1,174,119 $ 914,402 $ 6,599,983 $ 1,858,847 I(Continued) I G-16 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government Public Safety Physical Environment Transportation Economic Environment Human Services Culture and Recreation Court Related Capital Projects Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Debt Proceeds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances -October 1 Adj. to Increase/(Decrease)Beg Fund Bal Fund Balances -October 1, Restated Fund Balances -September 30 SPECIAL Duck Key Local Miscellaneous Security Housing Boating Special District Assistance Improvement Revenue 75,726 - - 61,299 - 379,843 - - - - 682,219 367,651 - - - 242,919 1,145 2,556 6,745 6,653 - 140,083 1,301 10,000 76,871 522,482 690,265 688,522 95,994 - - 20,113 - - 579,320 - 85,768 - 4,373 - - 108,031 - 16,755 - 156,885 95,994 85,768 579,320 306,157 (19,123) 436,714 110,945 382,365 463 - - - (2) - - (185,835) 461 - - (185,835) (18,662) 436,714 110,945 196,530 400,244 563,770 2,362,832 2,240,884 400,244 563,770 2,362,832 2,240,884 $ 381,582 $ 1,000,484 $ 2,473,777 $ 2,437,414 G-17 REVENUE FUNDS Court ' Environmental Restoration Facility Fees — - 525,292 ' 128,478 - 3,861 5,979 132,339 531,271 142,481 - ' - 710,406 142,481 711,406 _ (10,142) (179,135) _ - (21,132) ' - (21,132) (10,142) (200,267) 1,444,190 2,330,814 ' 1,444,190 2,330,814 _ ' $ 1,434,048 $ 2,130,547 $ Drug Marathon Bay Point Big Coppitt Abuse Municipal Wastewater Wastewater Trust Service MSTU MSTU $ 3 $ - $ 31,353 - - - 431 4 142 5 31,784 7 142 5 809 2,901 24,751 - - - 24,751 - 809 2,901 7,033 7 (667) (2,896) 7,033 7 (667) (2,896) 140,040 1,946 52,699 4,643 140,040 1,946 52,699 4,643 147,073 $ 1,953 $ 52,032 $ 1,747 G-18 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government Public Safety Physical Environment Transportation Economic Environment Human Services Culture and Recreation Court Related Capital Projects Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Debt Proceeds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances -October 1 Adj. to Increase/(Decrease)Beg Fund Bal Fund Balances -October 1, Restated Fund Balances -September 30 SPECIAL Key Largo Cudjoe- Wastewater Stock Island Sugarloaf Conch Key MSTU Wastewater MSTU MSTU $ 505 $ 91 $ 298 $ - - 30,360 - - 19 15,839 91 3 - 4,011 - - 524 50,301 389 3 499 4,058 60,682 218 499 4,058 60,682 218 25 46,243 (60,293) (215) - 463 (9) - - (1,001) - - - (538) (9) - 25 45,705 (60,302) (215) 8,666 552,600 77,474 1,181 8,666 552,600 77,474 1,181 $ 8,691 $ 598,305 $ 17,172 $ 966 G-19 1 1 REVENUE FUNDS Long Key, Sheriff's Sheriff's Sheriff's Layton Duck Key Building Teen Federal State ' MSTU MSTU Fund Court Forfeiture Forfeiture $ - $ 71 $ - $ - $ - $ - ' - - 2,319,409 - - 265,190 - - 62,111 56,399 - - - - - - 109,509 ' 50 198 2,929 13,702 1,802 - - 14,624 - - - 50 269 2,399,073 56,399 278,892 111,311 ' ' - - 2,141,202 54,531 681,207 96,148 1,708 16,348 - - - - 1,708 16,348 2,141,202 54,531 681,207 96,148 1 (1,658) (16,079) 257,871 - 1 - 1 1 - - ' (1,658) (16,078) 257,871 20,950 86,510 893,289 ' 20,950 86,510 893,289 $ 19,292 $ 70,432 $ 1,151,160 $ 1 1 1 ' G-20 1,868 (402,315) 15,163 (3,494) - - (3,494) 1,868 (402,315) 11,669 23,429 2,453,744 616,616 23,429 2,453,744 616,616 25,297 $ 2,051,429 $ 628,285 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 SPECIAL Revenues: Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government Public Safety Physical Environment Transportation Economic Environment Human Services Culture and Recreation Court Related Capital Projects Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Debt Proceeds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances -October 1 Adj. to Increase/(Decrease)Beg Fund Bal Fund Balances -October 1, Restated Fund Balances -September 30 Sheriffs Sheriffs Sheriffs Contract Sheriffs Interagency Trauma Administration Commissary Communications Star 383,725 - - - 3,178, 591 389,744 66,376 - 1,361 3,211 7,038 - - 17,204 - 69,093 3,563,677 410,159 73,414 69,093 x 3,376,761 382,667 247,613 1,607,297 3,376,761 382,667 247,613 1,607,297 186,916 27,492 (174,199) (1,538,204) 2,908 3,494 133,600 1,629,578 - - - (91,374) 2,908 3,494 133,600 1,538,204 189,824 30,986 (40,599) - 785,317 523,886 1,174,383 - 785,317 523,886 1,174,383 - 975,141 $ 554,872 $ 1,133,784 $ - G-21 1 REVENUE FUNDS Sheriffs ' Radio Communication Sheriffs Grants - ' - 381,935 ' - 381,935 _ t296,859 1,020,061 ' 296,851 1,020,061 (296,859) (638,126) Sheriffs Clerk's Clerk's Shared Asset Sheriffs Records Court Forfeiture E911 Modernization Related - 492,390 - 2,557,034 - - 283,598 314,960 - - 171,919 453,457 239,755 14,651 11,290 350 239,755 507,041 466,807 3,325,801 193,042 227,531 - - - 3,433,140 193,042 227,531 - 3,433,140 46,713 279,510 466,807 (107,339) 348,230 651,286 - - - (51,371) - - - - ' 296,859 651,286 - - - t- 13,160 46,713 279,510 466,807 _ - 5,096 5,173,733 2,235,350 1,254,717 ' - 5,096 5,173,733 2,235,350 1,254,717 $ - $ 18,256 $ 5,220,446 $ 2,514,860 $ 1,721,524 $ 578,563 (471,224) 107, 339 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government Public Safety Physical Environment Transportation Economic Environment Human Services Culture and Recreation Court Related Capital Projects Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Debt Proceeds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances -October 1 Adj. to Increase/(Decrease)Beg Fund Bal Fund Balances -October 1, Restated Fund Balances -September 30 SPECIAL REVENUE FUNDS Supervisor's Total Nonmajor Voter ED & Special Rev Equipment Funds $ - $ 46,279,182 - 2,686,464 - 13,027,224 - 10,456,619 - 1,535,927 2 518,140 - 425,709 2 74,929,265 CAPITAL Clerk's Infrastructure Revenue Revenue Bonds Note Series 2003 275 (22,968) 275 (22,968) - 2,549,148 - - - 22,374,255 - - - 1,250,160 - - - 4,519,334 - - - 25,989,712 - - - 206,935 - - - 1,567,118 - - - 4,300,431 - - - - - 8,610 62,757,093 - 8,610 2 12,172,172 275 (31,578) - 4,334,829 - - - (12,044,321) - - - (7,709,492) - - 2 4,462,680 275 (31,578) 17,705 77,652,342 101,604 743,188 17,705 77,652,342 101,604 743,188 $ 17,707 $ 82,115,022 $ 101,879 $ 711,610 G-23 1 IPROJECT FUNDS Total Infrastructure Duck Key Nonmajor Revenue Bonds Wastewater Governmental ' Series 2007 Project Funds $ = $ - 920,560 $ 46,279,182 3,607,024 - - 13,027,224 - - 10,456,619 - - 1,535,927 14,695 301,065 811,207 - 110,638 536,347 ' 14,695 1,332,263 76,253,530 - - 2,549,148 - - 22,374,255 - - 1,250,160 ' - - 4,519,334 25, 989,712 - - 206,935 ' - - 1,567,118 4,300,431 3,597,486 4,171,388 7,777,484 3,597,486 4,171,388 70,534,577 (3,582,791) (2,839,125) 5,718,953 - 3,900,463 8,235,292 _ (1,000) (12,045,321) - 3,899,463 (3,810,029) ' (3,582,791) 1,060,338 1,908,924 7,624,975 1,796,191 87,918,300 - (361,320) (361,320) ' 7,624,975 1,434,871 87,556,980 ' $ 4,042,184 $ 2,495,209 $ 89,465,904 I G-24 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL AFFORDABLE HOUSING PROGRAMS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Affordable Housing Initiatives Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 1,450 $ 1,450 $ 1,039 $ (411) 1,450 1,450 1,039 (411) 290,000 290,000 - 290,000 (288,550) (288,550) 1,039 289,589 Reserve for Contingencies (5,000) (5,000) Reserve for Cash Balance (10,223) (10,223) Total Other Financing Sources/(Uses) (15,223) (15,223) Net Change in Fund Balances (303,773) (303,773) 5,000 10,223 - 15,223 1,039 304,812 Fund Balances, October 1 303,773 303,773 379,745 75,972 Fund Balances, September 30 $ - $ - $ 380,784 $ 380,784 G-25 U J MONROE COUNTY, FLORIDA ROAD AND BRIDGE SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Revenues: Taxes Intergovernmental Charges for Services Investment Income Miscellaneous Total Revenues Expenditures: Current: Transportation: Road Department County Engineer Road and Bridge Paving Evaluation and Management Street Lighting Local Option Gas Tax Projects 80% Gas Tax 20% Gas Tax In -House Projects No Name Key Bridge Emerg Repair Total Transportation Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) $ 2,250,000 $ 2,250,000 $ 2,024,580 $ (225,420) 3,256,000 3,256,000 3,292,092 36,092 42,000 42,000 65,080 23,080 37,000 37,000 27,312 (9,688) 33,000 33,000 52,513 19,513 5,618,000 5,618,000 5,461,577 (156,423) 3,176,570 3,176,570 3,044,215 132,355 502,057 302,057 261,398 40,659 - 200,000 6,364 193,636 223,606 223,606 212,050 11,556 417,583 417,583 336,683 80,900 1,000,000 1,000,000 216,683 783,317 600,000 600,000 - 600,000 - 40,000 356 39,644 5,919,816 5,959,816 4,077,749 1,882,067 5,919,816 5,959,816 4,077,749 1,882,067 (301,816) (341,816) 1,383,828 1,725,644 Reserve for Contingencies (855,479) (93,259) - 93,259 Reserve for Cash Balance (1,828,174) (1,828,174) - 1,828,174 Transfers from Other Funds 48,374 48,374 30,000 (18,374) Transfers to Other Funds (537,399) (1,259,619) (1,356,869) (97,250) Total Other Financing Sources/(Uses) 3,172,678 (3,132,678) (1,326,869) 1,805,809 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (3,474,494) 3,474,494 (3,474,494) 3,474,494 56,959 10,074,451 3,531,453 6,599,957 $10,131,410 $10,131,410 I G-26 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, ALL DISTRICTS, TWO CENT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Cultural Umbrella Fishing Umbrella Dive Umbrella Operations - Events Catastrophic Emergency Special Projects Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Original Final Budget Budget Variance with Final Budget Positive Actual (Negative) $ 3,647,152 $ 3,647,152 $ 4,425,522 $ 778,370 - - 12,361 12,361 3,647,152 3,647,152 4,437,883 790,731 842,300 842,300 731,125 111,175 768,800 768,800 718,398 50,402 525,000 525,000 508,928 16,072 2,491,288 2,473,580 1,585,880 887,700 1,127,833 1,127,833 - 1,127,833 614,168 614,168 218,203 395,965 6,369,389 6,351,681 3,762,534 2,589,147 (2,722,237) (2,704,529) 675,349 3,379,878 Other Financing Sources/(Uses): Transfers to Other Funds (47,645) (65,353) (65,353) - Transfers from Other Funds - - 78,649 78,649 Total Other Financing Sources/(Uses) (47,645) (65,353) 13,296 78,649 Net Change in Fund Balances (2,769,882) (2,769,882) 688,645 3,458,527 Fund Balances, October 1 2,769,882 2,769,882 3,790,318 1,020,436 Fund Balances, September 30 $ - $ - $ 4,478,963 $ 4,478,963 G-27 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL 1 TOURIST DEVELOPMENT, ADMINISTRATION AND PROMOTIONAL, TWO CENT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 7,557,617 $ 7,557,617 $ 9,170,553 $ 1,612,936 Investment Income - - 22,965 22,965 ' Miscellaneous - - 98 98 Total Revenues 7,557,617 7,557,617 9,193,616 1,635,999 ' EXPENDITURES: Current: Economic Environment: Advertising and Promotion 8,122,080 8,122,773 7,168,682 954,091 Administrative Services 1,026,558 1,087,998 661,764 426,234 Catastrophic Emergency Special Projects 2,072,167 829,397 2,072,167 829,397 - 668,702 2,072,167 160,695 Total Expenditures 12,050,202 12,112,335 8,499,148 3,613,187 Excess/Deficiency of Revenues Over/(Under) Expenditures (4,492,585) (4,554,718) 694,468 5,249,186 Other Financing Sources/(Uses): Transfers to Other Funds (131,300) (69,167) (62,133) 7,034 Transfers from Other Funds - - 162,976 162,976 Total Other Financing Sources/(Uses) (131,300) (69,167) 100,843 170,010 Net Change in Fund Balances (4,623,885) (4,623,885) 795,311 5,419,196 Fund Balances, October 1 4,623,885 4,623,885 6,887,760 2,263,875 Fund Balances, September 30 $ - $ - $ 7,683,071 $ 7,683,071 I G-28 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT #ONE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Advertising and Promotion Administrative Services Special Events Bricks and Mortar Information Services Beaches Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 6,827,637 $ 6,827,637 $ 7,875,064 $ 1,047,427 - - 16,203 16,203 6,827,637 6,827,637 7,891,267 1,063,630 5,263,860 5,432,672 5,195,289 237,383 163,435 163,435 148,339 15,096 1,132,445 963,633 709,286 254,347 3,512,996 3,453,563 1,708,420 1,745,143 363,117 363,117 363,117 - 431,708 431,708 5,500 426,208 10,867,561 10,808,128 8,129,951 2,678,177 (4,039,924) (3,980,491) (238, 684) 3,741,807 Other Financing Sources/(Uses): Transfers to Other Funds (49,101) (108,534) (108,534) - Transfers from Other Funds - - 140,735 140,735 Total Other Financing Sources/(Uses) (49,101) (108,534) 32,201 140,735 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (4,089,025) 4,089,025 (4,089,025) 4,089,025 (206,483) 5,329,121 3,882,542 1,240,096 - $ 5,122,638 $ 5,122,638 k G-29 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN ' FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT #TWO SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 584,491 $ 584,491 $ 670,103 $ 85,612 Investment Income - - 1,000 1,000 ' Total Revenues 584,491 584,491 671,103 86,612 EXPENDITURES: Current: Economic Environment: Advertising and Promotion Administrative Services 443,067 21,038 443,067 21,038 439,467 16,163 3,600 4,875 Special Events 61,923 61,923 30,777 31,146 Bricks and Mortar Information Services 200,917 91,200 194,992 91,200 81,233 91,200 113,759 Total Expenditures 818,145 812,220 658,840 153,380 Excess/Deficiency of Revenues Over/(Under) Expenditures (233,654) (227,729) 12,263 239,992 Other Financing Sources/(Uses): Transfers to Other Funds (21,277) (27,202) (27,202) - Transfers from Other Funds - - 11,732 11,732 Total Other Financing Sources/(Uses) (21,277) (27,202) (15,470) 11,732 ' Net Change in Fund Balances (254,931) (254,931) (3,207) 251,724 Fund Balances, October 1 254,931 254,931 327,216 72,285 Fund Balances, September 30 $ - $ - $ 324,009 $ 324,009 �r i I G-30 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT #THREE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Advertising and Promotion Administrative Services Special Events Bricks and Mortar Information Services Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 1,685,225 $ 1,685,225 $ 1,917,734 $ 232,509 - - 4,776 4,776 1,685,225 1,685,225 1,922,510 237,285 1,677,376 1,717,376 1,361,424 355,952 71,472 71,472 39,536 31,936 194,992 154,992 116,344 38,648 816,388 811,673 229,883 581,790 160,000 160,000 160,000 - 2,920,228 2,915,513 1,907,187 1,008,326 (1,235,003) (1,230,288) 15,323 1,245,611 Other Financing Sources/(Uses): Transfers to Other Funds (11,431) (16,146) (16,146) - Transfers from Other Funds - - 33,753 33,753 Total Other Financing Sources/(Uses) (11,431) (16,146) 17,607 33,753 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (1,246,434) (1,246,434) 32,930 1,279,364 1,246,434 1,246,434 1,492,945 246,511 - $ 1,525,875 $ 1,525,875 q G-31 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT #FOUR SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Advertising and Promotion Administrative Services Special Events Bricks and Mortar Information Services Total Expenditures tExcess/Deficiency of Revenues Over/(Under) Expenditures I Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 1,247,738 $ 1,247,738 $ 1,528,900 $ 281,162 - - 3,978 3,978 1,247,738 1,247,738 1,532,878 285,140 787,869 842,869 788,746 54,123 33,508 33,508 30,632 2,876 111,013 56,013 33,848 22,165 906,053 904,482 141,223 763,259 150,000 150,000 150,000 - 1,988,443 1,986,872 1,144,449 842,423 (740,705) (739,134) 388,429 1,127,563 Transfers to Other Funds (13,208) (14,779) (14,779) - Transfers from Other Funds - - 26,916 26,916 Total Other Financing Sources/(Uses) (13,208) (14,779) 12,137 26,916 Net Change in Fund Balances (753,913) (753,913) 400,566 1,154,479 Fund Balances, October 1 Fund Balances, September 30 $ 753,913 753,913 964,530 210,617 - $ 1,365,096 $ 1,365,096 I G-32 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT #FIVE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 _ REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Economic Environment: Advertising and Promotion Administrative Services Information Services Special Events Bricks and Mortar Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 1,419,917 $ 1,419,917 $ 1,604,275 $ 184,358 - - 2,503 2,503 1,419,917 1,419,917 1,606,778 186,861 1,327,804 1,327,804 1,198,860 128,944 37,600 37,600 36,864 736 142,000 142,000 142,000 - 279,499 279,499 152,459 127,040 673,097 650,801 267,279 383,522 2,460,000 2,437,704 1,797,462 640,242 (1,040,083) (1,017,787) (190,684) 827,103 Other Financing Sources/(Uses): Transfers to Other Funds (31,088) (53,384) (53,384) - Transfers from Other Funds - - 28,489 28,489 Total Other Financing Sources/(Uses) (31,088) (53,384) (24,895) 28,489 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (1,071,171) (1,071,171) (215,579) 855,592 1,071,171 1,071,171 1,087,536 16,365 $ - $ - $ 871,957 $ 871,957 YI G-33 I I fl F� MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - ROADWAYS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Transportation: Fair Share Improvement County Wide Fair Share Improvement Dist 2 Fair Share Improvement Dist 3 Fair Share Improve Key Colony Beach Truman Bridge Ped Bridge Bike/Shared Use Path Bike Lanes Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers to Other Funds Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 61,915 $ 61,915 $ 72,354 $ 10,439 16,699 16,699 15,176 (1,523) 78,614 78,614 87,530 8,916 422,983 422,983 - 422,983 26,372 26,372 - 26,372 911,327 911,327 - 911,327 32,588 32,588 - 32,588 929,520 929,520 - 929,520 1,500,991 1,500,991 316,730 1,184,261 598,943 598,943 124,855 474,088 4,422,724 4,422,724 441,585 3,981,139 (4,344,110) (4,344,110) (354,055) 3,990,055 (48,374) (48,374) (30,000) 18,374 (4,392,484) (4,392,484) (384,055) 4,008,429 4,392,484 4,392,484 5,698,839 1,306,355 $ 5,314,784 $ 5,314,784 I G-34 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Licenses and Permits $ 26,520 $ 26,520 $ 26,180 $ (340) Investment Income 1,785 1,785 1,308 (477) Total Revenues 28,305 28,305 27,488 (817) EXPENDITURES: Current: Culture and Recreation: District 1 Projects 16,341 16,341 - 16,341 District 2 Projects 221,032 221,032 - 221,032 District 3 Projects 48,679 48,679 - 48,679 Bay Point Park 50,000 50,000 33,144 16,856 Big Coppitt Park 20,000 20,000 - 20,000 Palm Villa Park 25,000 25,000 - 25,000 Bernstein Park 25,401 25,401 - 25,401 Bay Point Park Tennis Courts 12,150 12,150 10,350 1,800 Key Largo Park Lighting 19,430 19,430 13,380 6,050 Total Expenditures 438,033 438,033 56,874 381,159 Net Change in Fund Balances (409,728) (409,728) (29,386) 380,342 Fund Balances, October 1 409,728 409,728 473,264 63,536 Fund Balances, September 30 $ - $ - $ 443,878 $ 443,878 J G-35 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - LIBRARIES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Culture and Recreation: County Wide Library Projects Library Automation Total Expenditures Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 20,981 $ 20,981 $ 67,973 $ 46,992 3,300 3,300 2,664 (636) 24,281 24,281 70,637 46,356 654,900 654,900 - 654,900 46,297 46,297 - 46,297 701,197 701,197 - 701,197 (676,916) (676,916) 70,637 747,553 676,916 676,916 849,150 172,234 $ - $ - $ 919,787 $ 919,787 G-36 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - SOLID WASTE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: County Wide Solid Waste Projects Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 6,144 $ 6,144 $ 5,814 $ (330) 300 300 150 (150) 6,444 6,444 5,964 (480) 49,843 49,843 (43,399) (43,399) - 49,843 5,964 49,363 43,399 43,399 48,614 5,215 $ - $ - $ 54,578 $ 54,578 G-37 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - POLICE FACILITIES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Public Safety: County Wide Police Facility Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 10,801 $ 10,801 $ 12,511 $ 1,710 300 300 311 11 11,101 11,101 12,822 1,721 104,598 104,598 (93,497) (93,497) 104,598 12,822 106,319 93,497 93,497 106,509 13,012 $ - $ - $ 119,331 $ 119,331 G-38 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - FIRE AND EMS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Public Safety: District 2 Fire & EMS Project District 3 Fire & EMS Project Key Colony Beach Fire & EMS Fire Hydrants District 1 Fire Hydrants District 2 Fire Hydrants District 3 Fire Hydrants Key Colony Beach Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Reserve for Contingencies Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 8,137 $ 8,137 $ 8,740 $ 603 - 65 65 8,137 8,137 8,805 668 - 300 - 300 - 7,500 - 7,500 - 950 - 950 20,060 9,975 - 9,975 8,085 - - - 35,550 - - - 8,085 - - - 71,780 18,725 - 18,725 (63,643) (10,588) 8,805 19,393 (53,055) - 53,055 (63,643) (63,643) 8,805 72,448 63,643 63,643 19,975 (43,668) $ - $ - $ 28,780 $ 28,780 G-39 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - FAIR SHARE HOUSING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Licenses and Permits $ 6,000 $ 6,000 $ 6,098 $ 98 Investment Income 1,400 1,400 1,145 (255) Total Revenues 7,400 7,400 7,243 (157) EXPENDITURES: Current: Economic Environment: District 1 Employee Fair Share Hsg 102,900 102,900 - 102,900 District 3 Employee Fair Share Hsg 131,750 131,750 - 131,750 Total Expenditures 234,650 234,650 - 234,650 Excess/Deficiency of Revenues Over/(Under) Expenditures (227,250) (227,250) 7,243 234,493 Other Financing Sources/(Uses): Reserve for Contingencies (33,521) (33,521) - 33,521 Reserve for Cash Balance (67,042) (67,042) - 67,042 Total Other Financing Sources/(Uses) (100,563) (100,563) - 100,563 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (327,813) (327,813) 7,243 335,056 327,813 327,813 414,436 86,623 $ - $ - $ 421,679 $ 421,679 G-40 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT #1 -LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $10,952,418 $10,952,418 $10,546,893 $ (405,525) Intergovernmental 39,250 39,250 124,391 85,141 Charges for Services 385,000 385,000 554,200 169,200 Investment Income 32,500 32,500 28,033 (4,467) Miscellaneous - - 1,067 1,067 Total Revenues 11,409,168 11,409,168 11,254,584 (154,584) EXPENDITURES: Current: Public Safety: Fire Rescue - Central 2,589,672 2,589,672 2,207,300 382,372 SAFER Program 1,234,753 1,248,265 1,241,519 6,746 Lower & Middle Keys Ambulance Dist 5,779,323 5,779,323 5,395,236 384,087 Total Public Safety 9,603,748 9,617,260 8,844,055 773,205 Physical Environment: Wastewater Upgrade 12,400 12,400 - 12,400 Total Expenditures 9,616,148 9,629,660 8,844,055 785,605 Excess/Deficiency of Revenues Over/(Under) Expenditures 1,793,020 1,779,508 2,410,529 631,021 Other Financing Sources/(Uses): Reserve for Contingencies (750,000) (589,942) - 589,942 Reserve for Cash Balance (2,617,627) (2,617,627) - 2,617,627 Transfers from Other Funds 100,000 100,000 324,777 224,777 Transfers to Other Funds (1,486,438) (1,632,984) (1,573,392) 59,592 Total Other Financing Sources/(Uses) (4,754,065) (4,740,553) (1,248,615) 3,491,938 Net Change in Fund Balances (2,961,045) (2,961,045) 1,161,914 4,122,959 Fund Balances, October 1 2,961,045 2,961,045 4,430,861 1,469,816 Fund Balances, September 30 $ - $ - $ 5,592,775 $ 5,592,775 G-41 t; MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 5,000 $ 5,000 $ 3,292 $ (1,708) Total Revenues 5,000 5,000 3,292 (1,708) EXPENDITURES: Current: Human Services: Trauma District Administration 87,652 87,652 27,571 60,081 Trauma Transportation and Treatment 200,000 200,000 Trauma Pretransportation 2,000 2,000 45,822 760 154,178 1,240 Trauma Facility Upgrade 100 100 - 100 Total Expenditures 289,752 289,752 74,153 215,599 Excess/Deficiency of Revenues Over/(Under) Expenditures (284,752) (284,752) (70,861) 213,891 I [1 I� L L� Other Financing Sources/(Uses): Reserve for Contingencies (43,129) (38,771) - 38,771 Reserve for Cash Balance (86,915) (86,915) - 86,915 Transfers to Other Funds (14,779) (19,137) (19,137) - Total Other Financing Sources/(Uses) (144,823) (144,823) (19,137) 125,686 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (429,575) (429,575) (89,998) 339,577 429,575 429,575 1,264,117 834,542 $ 1,174,119 $ 1,174,119 I G-42 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT - PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Intergovernmental Charges for Services Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Physical Environment: Wastewater Upgrade Culture and Recreation: Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) $ 1,462,725 $ 1,462,725 $ 1,406,650 $ (56,075) - - 6,984 6,984 30,000 30,000 33,896 3,896 7,750 7,750 4,105 (3,645) 41,112 41,112 114,754 73,642 1,541,587 1,541,587 1,566,389 24,802 31,900 31,900 - 31,900 Parks & Beaches Unincorporated 1,395,797 1,365,017 1,291,819 73,198 Jacob's Aquatic Center 180,000 180,000 180,000 - School Board Interlocal 32,000 32,000 21,670 10,330 Total Culture and Recreation 1,607,797 1,577,017 1,493,489 83,528 Total Expenditures 1,639,697 1,608,917 1,493,489 115,428 Excess/Deficiency of Revenues Over/(Under) Expenditures (98,110) (67,330) 72,900 140,230 Other Financing Sources/(Uses): Reserve for Contingencies (66,000) - - Reserve for Cash Balance (342,382) (342,382) - 342,382 Transfers to Other Funds (183,953) (280,733) (280,733) - Total Other Financing Sources/(Uses) (592,335) (623,1l (280,733) 342,382 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (690,445) (690,445) 690,445 690,445 (207,833) 482,612 1,122,235 431,790 $ 914,402 $ 914,402 fi G-43 C 1 i] d I I MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT - PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Intergovernmental Charges for Services Fines and Forfeitures Investment Income Miscellaneous Total Revenues Expenditures: Current: General Government: Growth Mgmt County Attorney Planning Department 2010 Comprehensive Plan GIS Planning Commission Growth Mgmt Administration Planning and Building Refunds Total General Government Public Safety: Code Enforcement Fire & Rescue Coordinator Fire Marshall Total Public Safety Physical Environment: Environmental Resources Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 1,220,763 $ 1,220,763 $ 1,188,205 $ (32,558) 4,863,101 4,863,101 5,143,640 280,539 584,918 584,918 659,752 74,834 400,000 400,000 429,645 29,645 24,200 24,200 22,500 (1,700) 2,300 2,300 961 (1,339) 7,095,282 7,095,282 7,444,703 349,421 550,707 550,707 509,607 41,100 1,240,239 1,264,984 1,254,965 10,019 270,000 270,000 127,921 142,079 173,801 177,344 170,288 7,056 82,002 82,002 73,875 8,127 754,277 754,277 412,492 341,785 3,000 21,000 - 21,000 3,074,026 3,120,314 2,549,148 571,166 1,329,423 1,329,423 1,238,911 90,512 802,993 802,993 748,761 54,232 322,452 322,452 306,654 15,798 2,454,868 2,454,868 2,294,326 160,542 592,251 592,251 441,136 151,115 6,121,145 6,167,433 5,284,610 882,823 974,137 927,849 2,160,093 1,232,244 (Continued) G-44 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -CONTINUED UNINCORPORATED AREA SERVICE DISTRICT - PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Other Financing Sources/(Uses): Reserve for Contingencies (625,000) (548,712) - 548,712 Reserve for Cash Balance (2,057,692) (2,057,692) - 2,057,692 Transfers to Other Funds (1,484,621) (1,514,621) (1,381,188) 133,433 Transfers from Other Funds 31,250 31,250 31,489 239 Total Other Financing Sources/(Uses) (4,136,063) (4,089,775) (1,349,699) 2,740,076 Net Change in Fund Balances (3,161,926) (3,161,926) 810,394 3,972,320 Fund Balances, October 1 Fund Balances, September 30 3,161, 926 3,161, 926 5,789,589 2,627,663 $ 6,599,983 $ 6,599,983 kv G-45 ' MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL MUNICIPAL POLICING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 4,070,573 $ 4,070,573 $ 3,919,735 $ (150,838) Charges for Services 3,190,463 3,190,463 3,185,397 (5,066) Investment Income 10,900 10,900 7,442 (3,458) ' Total Revenues 7,271,936 7,271,936 7,112,574 (159,362) EXPENDITURES: Current: Public Safety: Insurance Unincorporated & Layton Insurance Islamorada 443,692 209,835 431,092 209,835 404,605 200,332 26,487 9,503 Insurance Marathon 178,114 190,714 189,911 803 Total Public Safety 831,641 831,641 794,848 36,793 Total Expenditures 831,641 831,641 794,848 36,793 Excess/Deficiency of Revenues Over/(Under) Expenditures 6,440,295 6,440,295 6,317,726 (122,569) Other Financing Sources/(Uses): Reserve for Contingencies (82,913) (73,718) - 73,718 Reserve for Cash Balance Transfers to Other Funds (1,211,494) (6,417,785) (1,211,494) (6,426,980) - (6,230,039) 1,211,494 196,941 Transfers from Other Funds 100,000 100,000 116,737 16,737 Total Other Financing Sources/(Uses) (7,612,192) (7,612,192) (6,113,302) 1,498,890 Net Change in Fund Balances (1,171,897) (1,171,897) 204,424 1,376,321 Fund Balances, October 1 1,171,897 1,171,897 1,654,423 482,526 Fund Balances, September 30 $ - $ - $ 1,858,847 $ 1,858,847 I G-46 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL DUCK KEY SECURITY DISTRICT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Total Revenues EXPENDITURES: Current: Public Safety: Island Security Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 75,000 $ 75,000 $ 75,726 $ 726 1,700 1,700 1,145 (555) 76,700 76,700 76,871 171 224,958 224,958 95,994 128,964 224,958 224,958 95,994 128,964 (148,258) (148,258) (19,123) 129,135 Reserve for Contingencies (32,457) (32,457) Reserve for Cash Balance (64,914) (64,914) Transfers to Other Funds (2,250) (2,250) Transfers from Other Funds - - Total Other Financing Sources/(Uses) (99,621) (99,621) Net Change in Fund Balances (247,879) (247,879) Fund Balances, October 1 Fund Balances, September 30 247,879 247,879 32,457 - 64,914 (2) 2,248 463 463 461 100,082 (18,662) 229,217 400,244 152,365 $ 381,582 $ 381,582 11 J E� G-47 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LOCAL HOUSING ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) ' REVENUES: Intergovernmental $ - $ - $ 379,843 $ 379,843 Investment Income Miscellaneous - - 2,556 140,083 2,556 140,083 Total Revenues - - 522,482 522,482 EXPENDITURES: Current: Economic Environment: 1 Homeowner Assistance 11 84,041 84,041 84,041 Homeowner Assistance 12 295,313 295,313 61,144 234,169 Homeowner Assistance 13 32,152 32,152 - 32,152 Fair Housing 11 5,000 5,000 5,000 Fair Housing 12 5,000 5,000 - 5,000 Fair Housing 13 5,000 5,000 - 5,000 Administration 11 9,893 9,893 9,893 Administration 12 38,203 38,203 14,731 23,472 Administration 13 3,573 3,573 - 3,573 Total Expenditures 478,175 478,175 85,768 392,407 Excess/Deficiency of Revenues Over/(Under) Expenditures (478,175) (478,175) 436,714 914,889 Other Financing Sources/(Uses): Reserve for Contingencies (15,000) (15,000) - 15,000 Reserve for Cash Balance (15,000) (15,000) - 15,000 Total Other Financing Sources/(Uses) (30,000) (30,000) - 30,000 Net Change in Fund Balances (508,175) (508,175) 436,714 944,889 Fund Balances, October 1 508,175 508,175 563,770 55,595 Fund Balances, September 30 $ - $ - $ 1,000,484 $ 1,000,484 I G-48 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL BOATING IMPROVEMENT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Physical Environment: Boating Improvement Boating Imp Fees/Retained Vessel Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 693,000 $ 693,000 $ 682,219 $ (10,781) 10,000 10,000 6,745 (3,255) - - 1,301 1,301 703,000 703,000 690,265 (12,735) 1,750,000 1,750,000 245,440 1,504,560 401,394 401,394 333,880 67,514 2,151,394 2,151,394 579,320 1,572,074 (1,448,394) (1,448,394) 110,945 1,559,339 Reserve for Contingencies (150,000) (150,000) Reserve for Cash Balance (400,000) (400,000) Total Other Financing Sources/(Uses) (550,000) (550,000) Net Change in Fund Balances (1,998,394) (1,998,394) - 150,000 400,000 - 550,000 110,945 2,109,339 Fund Balances, October 1 1,998,394 1,998,394 2,362,832 364,438 Fund Balances, September 30 $ - $ - $ 2,473,777 $ 2,473,777 A 7 G-49 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LMISCELLANEOUS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance wi h t Original Final Final Budget Positive Budget Budget Actual (Negative) ' REVENUES: Licenses and Permits $ - $ 61,433 $ 61,299 $ (134) Charges for Services - 328,506 367,651 39,145 Fines and Forfeitures - 164,810 242,919 78,109 Investment Income 6,653 6,653 Miscellaneous - 9,500 10,000 500 ' Total Revenues - 564,249 688,522 124,273 EXPENDITURES: ' Current: General Government: Conservation Land Purchase - 7,088 - 7,088 Public Safety: Interagency Communications - 206 206 - Education -Building Department 23,400 69,199 14,303 54,896 Environmental Resource Education 13,000 28,634 5,604 23,030 Total Public Safety 36,400 98,039 20,113 77,926 Economic Environment: Restore Act Gulf Consort - 7,000 4,373 2,627 Climate Leadership Summit _ 2,500 - 2,500 Total Economic Environment 9,500 4,373 5,127 Human Services: FL Keys Council for the Handicapped 7,327 460 6,867 Bayshore Donations - 1,240 - 1,240 Traffic Educ, Ord 021-2002 81,467 81,467 81,466 1 Legal Aid - 26,644 26,105 539 Total Human Services 81,467 116,678 108,031 8,647 Culture and Recreation: Settler's Park Landscaping - - Library Special Programs _ 36,368 6,804 29,564 Library Donation -Golan Trust 370,354 9,951 360,403 Total Culture and Recreation - 406,722 16,755 389,967 (Continued) I G-50 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED MISCELLANEOUS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Court Related: Alt Dispute Resolution - Civil Ord 016-2004 St Court Sup SA Ct Tech FS28.24(12)(E) PD Ct Tech FS28.24(12)(E) J Ct Tech FS28.24(12)(E) Total Court Related Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) 10,128 10,128 1,422 8,706 100,000 126,644 71,129 55,515 375,000 504,364 - 504,364 11,500 70,231 46,869 23,362 42,800 187,308 37,465 149,843 539,428 898,675 156,885 741,790 657,295 1,536,702 306,157 1,230,545 (657,295) (972,453) 382,365 1,354,818 Reserve for Contingencies (1,347,670) (829,430) - 829,430 Transfers to Other Funds - (203,082) (185,835) 17,247 Total Other Financing Sources/(Uses) (1,347,670) (1,032,512) (185,835) 846,677 Net Change in Fund Balances (2,004,965) (2,004,965) 196,530 2,201,495 Fund Balances, October 1 2,004,965 2,004,965 2,240,884 235,919 Fund Balances, September 30 $ - $ - $ 2,437,414 $ 2,437,414 q G-51 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ENVIRONMENTAL RESTORATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Fines and Forfeitures Investment Income Total Revenues t EXPENDITURES: Current: Physical Environment: Environmental Restoration KLWT Plant Site Mitg Pro Total Expenditures ' Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 170,000 $ 170,000 $ 128,478 $ (41,522) 5,000 5,000 3,861 (1,139) 175,000 175,000 132,339 (42,661) 170,528 170,528 142,009 28,519 713,635 713,635 472 713,163 884,163 884,163 142,481 741,682 (709,163) (709,163) (10,142) 699,021 Reserve for Contingencies (50,000) (50,000) Reserve for Cash Balance (42,632) (42,632) Transfers to Other Funds (2,000) (2,000) Total Other Financing Sources/(Uses) (94,632) (94,632) Net Change in Fund Balances (803,795) (803,795) Fund Balances, October 1 Fund Balances, September 30 C - 50,000 - 42,632 - 2,000 - 94,632 (10,142) 793,653 803,795 803,795 1,444,190 640,395 $ 1,434,048 $ 1,434,048 I G-52 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL COURT FACILITY FEES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services Investment Income Total Revenues EXPENDITURES: Current: Court Related: Court Facility Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 600,000 $ 600,000 $ 525,292 $ (74, 708) 10,000 10,000 5,979 (4,021) 610,000 610,000 531,271 (78,729) 1,145,700 1,145,700 710,406 435,294 (535,700) (535,700) (179,135) 356,565 Reserve for Contingencies (160,400) (142,267) - 142,267 Reserve for Cash Balance (325,600) (325,600) - 325,600 Transfers to Other Funds (3,000) (21,133) (21,132) 1 Total Other Financing Sources/(Uses) (489,000) (489,000) (21,132) 467,868 Net Change in Fund Balances (1,024,700) (1,024,700) (200,267) 824,433 Fund Balances, October 1 Fund Balances, September 30 1,024,700 1,024,700 2,330,814 1,306,114 - $ 2,130,547 $ 2,130,547 G-53 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL DRUG ABUSE TRUST SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services Investment Income Total Revenues EXPENDITURES: Current: Human Services: Drug Abuse Trust Fund Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 20,000 $ 20,000 $ 31,353 $ 11,353 500 500 431 (69) 20,500 20,500 31,784 11,284 88,052 88,052 24,751 63,301 (67,552) (67,552) Reserve for Contingencies (12,525) (12,525) Reserve for Cash Balance (25,175) (25,175) Total Other Financing Sources/(Uses) (37,700) (37,700) Net Change in Fund Balances (105,252) (105,252) Fund Balances, October 1 Fund Balances, September 30 $ 105,252 7,033 74,585 12,525 25,175 37.700 7,033 112,285 105,252 140,040 34,788 - $ 147,073 $ 147,073 I G-54 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL MARATHON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ - $ - $ 3 $ 3 Investment Income - - 4 4 Total Revenues - - 7 7 EXPENDITURES: Current: Physical Environment: Marathon Wastewater 497 497 - 497 Total Expenditures 497 497 - 497 Excess/Deficiency of Revenues Over/(Under) Expenditures (497) (497) 7 504 Other Financing Sources/(Uses): Reserve for Contingencies (55) (55) - 55 Total Other Financing Sources/(Uses) (55) (55) - 55 Net Change in Fund Balances (552) (552) 7 559 Fund Balances, October 1 552 552 1,946 1,394 Fund Balances, September 30 - $ 1,953 $ 1,953 G-55 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL BAY POINT WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Bay Point Wastewater Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 250 $ 250 $ 142 $ (108) 250 250 142 (108) 34,753 34,753 809 33,944 34,753 34,753 809 33,944 (34,503) (34,503) (667) 33,836 Reserve for Contingencies (4,344) (4,344) Reserve for Cash Balance (4,344) (4,344) Total Other Financing Sources/(Uses) (8,688) (8,688) Net Change in Fund Balances (43,191) (43,191) Fund Balances, October 1 Fund Balances, September 30 $ 43,191 G-56 4,344 4,344 8.688 (667) 42,524 43,191 52,699 9,508 - $ 52,032 $ 52,032 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL BIG COPPITT WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ - $ - $ 5 $ 5 Total Revenues - - 5 5 EXPENDITURES: Current: Physical Environment: Big Coppitt Wastewater 3,773 3,773 2,901 872 Total Expenditures 3,773 3,773 2,901 872 Excess/Deficiency of Revenues Over/(Under) Expenditures (3,773) (3,773) (2,896) 877 Other Financing Sources/(Uses): Reserve for Contingencies (400) (400) - 400 Total Other Financing Sources/(Uses) (400) (400) - 400 Net Change in Fund Balances (4,173) (4,173) (2,896) 1,277 Fund Balances, October 1 4,173 4,173 4,643 470 Fund Balances, September 30 $ - $ - $ 1,747 $ 1,747 G-57 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL KEY LARGO WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Key Largo Wastewater Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 505 $ 505 19 19 524 524 4,476 4,476 499 3,977 4,476 4,476 499 3,977 (4,476) (4,476) 25 4,501 Reserve for Contingencies (497) (497) - 497 Total Other Financing Sources/(Uses) (497) (497) - 497 Net Change in Fund Balances (4,973) (4,973) 25 4,998 Fund Balances, October 1 4,973 4,973 8,666 3,693 Fund Balances, September 30 $ - $ - $ 8,691 $ 8,691 G-58 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL STOCK ISLAND WASTEWATER SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Licenses and Permits Investment Income Miscellaneous Income Total Revenues EXPENDITURES: Current: Physical Environment: Stock Island Wastewater Stock Island Cap Fee Refund Total Physical Environment Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 91 $ 91 47,000 47,000 30,360 (16,640) 2,350 2,350 15,839 13,489 - - 4,011 4,011 49,350 49,350 50,301 951 343,077 343,077 4,058 339,019 5,000 5,000 - 5,000 348,077 348,077 4,058 344,019 348,077 348,077 4,058 344,019 (298,727) (298,727) 46,243 344,970 Reserve for Contingencies (49,926) (49,926) - 49,926 Reserve for Cash Balance (99,852) (99,852) - 99,852 Transfers from Other Funds - - 463 463 Transfers to Other Funds (1,410) (1,410) (1,001) 409 Total Other Financing Sources/(Uses) (151,188) (151,188) (538) 150,650 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (449,915) (449,915) 45,705 495,620 449,915 449,915 552,600 102,685 $ 598,305 $ 598,305 E G-59 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL CUDJOE-SUGARLOAF MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Cudjoe-Sugarloaf Wastewater Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 298 $ 298 91 91 389 389 64,233 64,233 60,682 3,551 64,233 64,233 60,682 3,551 (64,233) (64,233) (60,293) 3,940 Reserve for Contingencies (1,000) (1,000) - 1,000 Transfers to Other Funds (13) (13) (9) 4 Total Other Financing Sources/(Uses) (1,013) (1,013) (9) 1,004 Net Change in Fund Balances (65,246) (65,246) (60,302) 4,944 Fund Balances, October 1 65,246 65,246 77,474 12,228 Fund Balances, September 30 $ - $ - $ 17,172 $ 17,172 G-60 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL CONCH KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Conch Key MSTU Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 3 $ 3 3 3 681 681 218 (681) (681) (215) Reserve for Contingencies (50) (50) Total Other Financing Sources/(Uses) (50) (50) - Net Change in Fund Balances (731) (731) (215) Fund Balances, October 1 731 731 1,181 Fund Balances, September 30 $ - $ - $ 966 $ 463 466 50 50 516 450 966 G-61 t 1 1 1 1 1 1 1 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LONG KEY-LAYTON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Long Key -Layton Wastewater Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 50 $ 50 - 50 50 11,773 11,773 1,708 10,065 11,773 11,773 1,708 10,065 (11,773) (11,773) (1,658) 10,115 Reserve for Contingencies (1,682) (1,682) - 1,682 Reserve for Cash Balance (3,364) (3,364) 3,364 Total Other Financing Sources/(Uses) (5,046) (5,046) - 5,046 Net Change in Fund Balances (16,819) (16,819) (1,658) 15,161 Fund Balances, October 1 16,819 16,819 20,950 4,131 Fund Balances, September 30 $ - $ - $ 19,292 $ 19,292 G-62 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL DUCK KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Total Revenues EXPENDITURES: Current: Physical Environment: Duck Key Wastewater Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 71 $ 71 400 400 198 (202) 400 400 269 (131) 46,813 46,813 16,348 30,465 46,813 46,813 16,348 30,465 (46,413) (46,413) (16,079) 30,334 Reserve for Contingencies (6,242) (6,242) Reserve for Cash Balance (9,363) (9,363) Transfers to Other Funds - - Total Other Financing Sources/(Uses) (15,605) (15,605) Net Change in Fund Balances (62,018) (62,018) 6,242 - 9,363 1 1 1 15,606 (16,078) 45,940 Fund Balances, October 1 62,018 62,018 86,510 24,492 Fund Balances, September 30 $ - $ - $ 70,432 $ 70,432 G-63 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ' BUILDING FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Licenses and Permits $ 2,118,500 $ 2,118,500 $ 2,319,409 $ 200,909 Charges for Services 52,000 52,000 62,111 10,111 Investment Income 4,000 4,000 2,929 (1,071) Miscellaneous 8,000 8,000 14,624 6,624 Total Revenues 2,182,500 2,182,500 2,399,073 216,573 EXPENDITURES: Current: Public Safety Building Department 2,422,701 2,422,701 2,135,251 287,450 Building Refunds 10,000 10,000 5,951 4,049 Total Expenditures 2,432,701 2,432,701 2,141,202 291,499 Excess/Deficiency of Revenues Over/(Under) Expenditures (250,201) (250,201) 257,871 508,072 Other Financing Sources/(Uses): Reserve for Contingencies Reserve for Cash Balance (115,000) (380,600) (115,000) (380,600) - - 115,000 380,600 Transfers from Other Funds 90,000 90,000 - (90,000) Total Other Financing Sources/(Uses) (405,600) (405,600) - 405,600 Net Change in Fund Balances (655,801) (655,801) 257,871 913,672 ' Fund Balances, October 1 655,801 655,801 893,289 237,488 Fund Balances, September 30 $ - $ - $ 1,151,160 $ 1,151,160 I G-64 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S TEEN COURT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services EXPENDITURES: Current: Public Safety Excess/(Deficiency) of Revenues Over/(Under) Expenditures Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 65,000 $ 60,000 $ 56,399 $ (3,601) 57,500 57,000 54,531 2,469 7,500 3,000 1,868 (1,132) 7,500 3,000 1,868 (1,132) 20,861 22,561 23,429 868 $ 28,361 $ 25,561 $ 25,297 $ (264) G-65 Fund Balances, October 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S FEDERAL FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Intergovernmental Investment Income Total Revenues EXPENDITURES: Current: Public Safety: Law Enforcement Grants and Aid Total Expenditures Excess/(Deficiency) of Revenues Over/(Under) Expenditures Net Change in Fund Balances tFund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 265,190 $ 265,190 - - 13,702 13,702 - - 278,892 278,892 60,000 170,000 160,526 9,474 700,000 550,000 520,681 29,319 760,000 720,000 681,207 38,793 (760,000) (720,000) (402,315) 317,685 (760,000) (720,000) (402,315) 317,685 1,324,232 875,832 2,453,744 1,577,912 $ 564,232 $ 155,832 $ 2,051,429 $ 1,895,597 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S STATE FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Fines and Forfeitures Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Public Safety: Law Enforcement Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Reserves for Contingencies Reserves for Cash Balance Transfers to Other Funds Total Other Financing Sources/Uses Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 64,800 $ 114,800 $ 109,509 $ (5,291) 2,200 2,200 1,802 (398) - 42,826 - (42,826) 67,000 159,826 111,311 (48,515) 421,572 505,904 96,148 409,756 (354,572) (346,078) 15,163 361,241 (57,367) (57,367) - 57,367 (114,734) (114,734) - 114,734 (45,000) (53,494) (3,494) 50,000 (217,101) (225,595) (3,494) 222,101 (571,673) (571,673) 11,669 583,342 571,673 571,673 616,616 44,943 - $ 628,285 $ 628,285 G-67 1 1 1 1 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S CONTRACT ADMINISTRATIVE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 453,500 $ 453,400 $ 383,725 $ (69,675) Charges for Services 2,980,000 3,145,600 3,178,591 32,991 Investment Income 1,000 1,000 1,361 361 Total Revenues 3,434,500 3,600,000 3,563,677 (36,323) EXPENDITURES: Current: Public Safety 3,180,000 3,470,000 3,376,761 93,239 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 254,500 130,000 186,916 56,916 Other Financing Sources/(Uses): Transfers to Other Funds - - 2,908 2,908 Net Change in Fund Balances 254,500 130,000 189,824 59,824 Fund Balances, October 1 699,437 783,437 785,317 1,880 Fund Balances, September 30 $ 953,937 $ 913,437 $ 975,141 $ 61,704 G-68 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S COMMISSARY SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 406,500 $ 406,500 $ 389,744 $ (16,756) Investment Income 3,400 3,200 3,211 11 Miscellaneous 5,100 5,300 17,204 11,904 Total Revenues 415,000 415,000 410,159 (4,841) EXPENDITURES: Current: Public Safety 310,000 385,000 382,667 2,333 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 105,000 30,000 27,492 (2,508) Other Financing Sources/(Uses): Transfers from Other Funds 3,500 3,500 3,494 (6) Net Change in Fund Balances 108,500 33,500 30,986 (2,514) Fund Balances, October 1 441,781 498,081 523,886 25,805 Fund Balances, September 30 $ 550,281 $ 531,581 $ 554,872 $ 23,291 G-69 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL tSHERIFF'S INTERAGENCY COMMUNICATIONS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services Miscellaneous Total Revenues EXPENDITURES: Current: Public Safety Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): ' Transfers from Other Funds Net Change in Fund Balances ' Fund Balances October 1 ' Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 63,000 $ 66,000 $ 66,376 $ 376 8,000 8,000 7,038 (962) 71,000 74,000 73,414 (586) 229,000 250,000 247,613 2,387 (158,000) (176,000) (174,199) 1,801 158,000 176,000 133,600 (42,400) - - (40,599) (40,599) 1,157, 829 1,182, 329 1,174,383 (7,946) $ 1,157,829 $ 1,182, 329 $ 1,133,784 $ (48, 545) G-70 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S TRAUMA STAR SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Miscellaneous Total Revenues EXPENDITURES: Current: Public Safety Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources/Uses Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ - $ - $ 69,093 $ 69,093 69,093 69,093 1,422,503 1,629,578 1,607,297 22,281 (1,422,503) (1,629,578) (1,538,204) 91,374 1,422,503 1,629,578 1,629,578 - - - (91,374) (91,374) 1,422,503 1,629,578 1,538,204 (91,374) G-71 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S RADIO COMMUNICATIONS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 ' EXPENDITURES: Current: Public Safety Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources/Uses Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 l t i I Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 348,230 $ 348,230 $ 296,859 $ 51,371 (348,230) (348,230) (296,859) 51,371 348,230 348,230 348,230 - - - (51,371) (51,371) 348,230 348,230 296,859 (51,371) G-72 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S GRANTS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Intergovernmental EXPENDITURES: Current: Public Safety Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 380,000 $ 380,000 $ 381,935 $ 1,935 839,000 1,045,000 1,020,061 24,939 (459,000) (665,000) (638,126) 26,874 465,000 670,000 651,286 (18,714) 6,000 5,000 13,160 8,160 143,010 18,010 5,096 (12,914) $ 149,010 $ 23,010 $ 18,256 $ (4,754) G-73 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S SHARED ASSET FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 242,000 $ 240,000 $ 239,755 $ (245) EXPENDITURES: Current: Public Safety: Law Enforcement 2,000 2,000 788 1,212 Grants and Aid 156,000 199,000 192,254 6,746 Total Expenditures 158,000 201,000 193,042 7,958 Net Change in Fund Balances 84,000 39,000 46,713 7,713 Fund Balances, October 1 5,161,547 5,173,547 5,173,733 186 Fund Balances, September 30 $ 5,245,547 $ 5,212,547 $ 5,220,446 $ 7,899 G-74 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S E911 SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 525,000 $ 500,000 $ 492,390 $ (7,610) Investment Income 20,000 15,000 14,651 (349) Total Revenues 545,000 515,000 507,041 (7,959) EXPENDITURES: Current: Public Safety 235,000 240,000 227,531 12,469 Net Change in Fund Balances 310,000 275,000 279,510 4,510 Fund Balances, October 1 2,193,051 2,225,051 2,235,350 10,299 Fund Balances, September 30 $ 2,503,051 $ 2,500,051 $ 2,514,860 $ 14,809 G-75 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL CLERK'S RECORDS MODERNIZATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Charges for Services Fines and Forfeitures Investment Income Total Revenues Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 222,000 $ 222,000 $ 283,598 $ 61,598 93,523 93,523 171,919 78,396 8,000 8,000 11,290 3,290 323,523 323,523 466,807 143,284 Other Financing Sources/(Uses): Transfer to Other Funds (99,477) (99,477) Total Other Financing Sources/(Uses) (99,477) (99,477) Net Change in Fund Balances 224,046 224,046 99.477 - 99,477 466,807 242,761 Fund Balances, October 1 921,000 921,000 1,254,717 333,717 Fund Balances, September 30 $ 1,145,046 $ 1,145,046 $ 1,721,524 $ 576,478 G-76 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL CLERK'S COURT RELATED SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Intergovernmental Charges for Services Fines and Forfeitures Investment Income Total Revenues EXPENDITURES: Current: Court Related: Clerk Administration Clerk Records Management Clerk Jury Management Clerk Circuit Court Criminal Clerk Circuit Court Civil Clerk Court Information Systems Clerk Circuit Court Foreclosure Clerk Circuit Court Family Clerk Circuit Court Juvenile Clerk Circuit Court Probate Clerk County Court Criminal Clerk County Court Civil Clerk County Court Traffic Total Expenditures Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Transfer from Other Funds Transfer to Other funds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 Original Final Budget Budget $ 3,290,430 $ 2,673,388 260,215 388,844 1,027 Actual $ 2,557,034 314,960 453,457 350 Variance with Final Budget Positive (Negative) $ (116,354) 54,745 64,613 (677) 3,290,430 3,323,474 3,325,801 2,327 276,818 280,397 205,962 74,435 404,748 404,748 221,543 183,205 174,016 174,016 165,155 8,861 690,581 690,581 653,979 36,602 490,812 491,154 478,727 12,427 132,161 132,198 102,742 29,456 - 24,956 23,623 1,333 125,189 125,189 113,895 11,294 77,549 77,549 74,916 2,633 93,479 93,479 91,981 1,498 543,805 543,805 527,327 16,478 155,650 155,650 153,805 1,845 614,111 618,241 619,485 (1,244) 3,778,919 3,811,963 3,433,140 378,823 (488,489) (488,489) (107,339) 381,150 935,374 935,374 578,563 (356,811) (446,885) (446,885) (471,224) (24,339) 488,489 488,489 107,339 (381,150) G-77 1 H MONROE COUNTY, FLORIDA ONE CENT INFRASTRUCTURE SURTAX CAPITAL PROJECT FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Taxes Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Capital Outlay: General Government Public Safety Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $15,000,000 $15,000,000 $17,172,360 $ 2,172,360 100,000 100,000 38,775 (61,225) - - 65,843 65,843 15,100,000 15,100,000 17,276,978 2,176,978 1,490,000 1,511,132 883,405 627,727 Public Safety Capital Projects 2,589,283 2,589,283 30,580 2,558,703 Med Exam Environmental Mitigtn 5,500 5,500 5,500 - Total Public Safety 2,594,783 2,594,783 36,080 2,558,703 Physical Environment 1,133,025 1,183,025 727,753 455,272 Transportation: Const. Mgmt 635,409 635,409 513,762 121,647 Culture and Recreation - 15,500 - 15,500 Total Capital Outlay Expenditures 5,853,217 5,939,849 2,161,000 3,778,849 Excess/Deficiency of Revenues Over/(Under) Expenditures 9,246,783 9,160,151 15,115,978 5,955,827 ' Other Financing Sources/(Uses): Reserve for Contingencies (526,200) (384,517) - 384,517 Reserve for Cash Balance (2,500,000) (2,500,000) 2,500,000 Transfers from Other Funds Transfers to Other Funds 2,011,017 (29,929,349) 2,032,149 (30,005,532) 21,132 (28,814,563) (2,011,017) 1,190,969 ' Total Other Financing Sources/(Uses) (30,944,532) (30,857,900) (28,793,431) 2,064,469 Net Change in Fund Balances (21,697,749) (21,697,749) (13,677,453) 8,020,296 iFund Balances, October 1 Fund Balances, September 30 21,697,749 21,697,749 24,871,829 3,174,080 $ - $ - $11,194, 376 $ 11,194, 376 J G-78 MONROE COUNTY, FLORIDA BIG COPPITT WASTEWATER CAPITAL PROJECTS FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Licenses and Permits Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Capital Outlay: Physical Environment: Big Coppitt Wastewater Project Big Coppitt Refunds Big Coppitt Special Assessment Total Physical Environment Excess/Deficiency of Revenues Over/(Under) Expenditures Other Financing Sources/(Uses): Reserve for Contingencies Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources/(Uses) Net Change in Fund Balances Fund Balances, October 1 Prior Period Adjustment Fund Balances, October 1, as restated Fund Balances, September 30 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) $ 3,005,663 $ 550,000 $ 337,694 $ (212,306) - 10,000 132,396 122,396 - - 39,902 39,902 3,005,663 560,000 509,992 (50,008) - 150,000 12,849 137,151 5,000 5,000 - 5,000 3,000,663 1,976,694 17,024 1,959,670 3,005,663 2,131,694 29,873 2,101,821 - (1,571,694) 480,119 2,051,813 - 2,445,663 - (2,445,663) 150,000 150,000 - (150,000) (150,000) (1,023,969) (1,023,969) - - 1,571,694 (1,023,969) (2,595,663) - - (543,850) (543,850) - - 3,552,047 3,552,047 - - 73,207 73,207 - - 3,625,254 3,625,254 $ 3,081,404 $ 3,081,404 J G-79 MONROE COUNTY, FLORIDA CUDJOE REGIONAL WASTEWATER CAPITAL PROJECTS FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Licenses and Permits $ - $ 2,000,000 $ - $ (2,000,000) Intergovernmental - 30,000,000 4,584,323 (25,415,677) Investment Income Total Revenues - - 32,000,000 23,612 4,607,935 23,612 (27,392,065) EXPENDITURES: Current: Capital Outlay: Physical Environment: Cudjoe Regional Wastewater Project County Funding 19,404,000 19,404,000 3,143,875 16,260,125 Grant Funding 30,000,000 8,088,339 21,911,661 Loan Funding _ 40,000,000 7,886,503 32,113,497 Special Assessment Refunds - 25,000 - 25,000 ' Special Assessments - 1,973,000 175,958 1,797,042 Total Physical Environment 19,404,000 91,402,000 19,294,675 72,107,325 1 Other Financing Sources/(Uses): Debt Proceeds - 40,000,000 5,461,341 (34,538,659) Transfers from Other Funds 19,404,000 19,404,000 19,404,926 926 ITransfers to Other Funds - (2,000) (2,000) - Total Other Financing Sources/(Uses) 19,404,000 59,402,000 24,864,267 (34,537,733) Net Change in Fund Balances 10,177,527 10,177,527 - - Fund Balances, October 1 - - 3,203,828 3,203,828 Prior Period Adjustment (1,433,907) (1,433,907) Fund Balances, October 1, as restated - - 1,769,921 1,769,921 Fund Balances, September 30 $ - $ - $11,947,448 $11,947,448 I G-80 MONROE COUNTY, FLORIDA ALL DEBT SERVICE FUNDS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2013 REVENUES: Investment Income EXPENDITURES: Current: Debt Service: 2003 Revenue Bonds: Principal Interest Total 2003 Revenue Bonds 2007 Revenue Bonds Original Final Budget Budget Actual Variance with Final Budget Positive (Negative) $ 9,000 $ 9,000 $ 9,880 $ 880 1,531,337 1,531,337 1,505,000 26,337 356,203 356,203 356,202 1 1,887,540 1,887,540 1,861,202 26,338 Principal 2,932,245 2,932,245 2,875,000 57,245 Interest 764,300 764,300 764,300 - Other Debt Service Costs 5,255 5,255 255 5,000 Total Guaranteed Entitlement Ln 3,701,800 3,701,800 3,639,555 62,245 Clean Water SRF Loan Principal 428,705 428,705 428,643 62 Interest 253,295 253,295 253,295 - Total Guaranteed Entitlement Ln 682,000 682,000 681,938 62 Total Expenditures 6,271,340 6,271,340 6,182,695 88,645 Excess/Deficiency of Revenues Over/(Under) Expenditures (6,262,340) (6,262,340) (6,172,815) 89,525 Other Financing Sources/(Uses): Reserve for Contingencies (500,000) (500,000) - 500,000 Reserve for Cash Balance (1,347,633) (1,347,633) - 1,347,633 Transfers from Other Funds 6,271,340 6,271,340 6,271,340 - Total Other Financing Sources/(Uses) 4,423,707 4,423,707 6,271,340 1,847,633 Net Change in Fund Balances Fund Balances, October 1 Fund Balances, September 30 (1,838,633) (1,838,633) 98,525 1,937,158 1,838,633 1,838,633 2,527,607 688,974 $ - $ - $ 2,626,132 $ 2,626,132 y r, G-81 11 1 THIS PAGE INTENTIONALLY LEFT BLANK 7 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS SEPTEMBER 30, 2013 ASSETS Current Assets: Cash and Cash Equivalents Investments Accounts Receivable, Net Due from Other Funds Due from Other Governmental Units Interest Receivable Total current assets Noncurrent Assets: Land and Other Nondepreciable Assets Capital Assets, Net of Accum. Depreciation Total Noncurrent Assets Total Assets LIABILITIES Current Liabilities: Accounts Payable Accrued Wages and Benefits Payable Claims and Judgements Payable Due to Other Funds Due to Other Governmental Units Accrued Comp. Absences Payable Total Current Liabilities Noncurrent Liabilities: Accrued Comp. Absences Payable OPEB Liability Total Noncurrent Liabilities Total Liabilities NET POSITION Net investment in capital assets Unrestricted Total Net Position Worker's Group Risk Compensation Insurance Management Fund Fund Fund $ 1,280,235 $ 3,509,000 $ 1,941,395 3,820,826 10,490,644 5,776,991 675,698 2,546 36,005 53,803 392,624 - 3,514 61,267 - 9,692 26,610 14,654 5,843,768 14, 482, 691 7,769,045 428 33,265 428 33.265 5,843,768 14,483,119 7,802,310 31,754 1,633,257 76,264 9,814 10,728 18,483 1,069,901 965,564 233,910 - - 12,018 16,902 - - 340,675 1,128,371 21609,549 2,097 15,416 14,933 128,784 62,832 129,826 130,881 78,248 144,759 1,259,252 2,687,797 485,434 - 428 33,265 4,584,516 11,794,894 7,283,611 $ 4,584,516 $ 11,795,322 $ 7,316,876 G-82 Fleet Management Fund Total $ 499,317 $ 7,229,947 1,287,626 21,376,087 - 714,249 602 447,029 34,724 99,505 3,266 54,222 1,825,535 29,921,039 54,000 54,000 890,612 924,305 944,612 978,305 2,770,147 30,899,344 44,247 1,785,522 47,487 86,512 - 2,269,375 172 12,190 - 16,902 9,677 9,677 101,583 4,180,178 61,163 93,609 328,329 649,771 389,492 743,380 491,075 4,923,558 944,612 978,305 1,334,460 24,997,481 $ 2,279,072 $ 25,975,786 G-83 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Operating Revenues: Charges for Services Miscellaneous Total operating revenues Operating Expenses: Personnel Services Operations Depreciation and Amortization Asserted and Paid Claims Total operating expenses Operating Income/(Loss) Non -Operating Revenues/(Expenses): Worker's Group Risk Compensation Insurance Management Fund Fund Fund $ 2,625,533 $ 14,007,761 $ 2,818,790 41,797 9,694 16,867 2,667,330 14,017,455 2,835,657 176,923 203,513 190,380 375,813 1,227,202 1,855,246 - 214 5,380 1,579,348 12,632,655 208,818 2,132,084 14,063,584 2,259,824 535,246 (46,129) 575,833 Investment Income 10,588 37,199 21,909 Insurance Recoveries 729,880 129,332 81,917 Grants and Donations - - - Gain (Loss) on Disposition of Assets - - 700 Total Non -Operating Revenues/(Expenses) 740,468 166,531 104,526 Income/Loss Before Transfers Transfers to Other Funds Change in Net Position Total Net Position -October 1 Total Net Position -September 30 1,275,714 120,402 680,359 (82,641) (113,658) (64,383) 1,193,073 6,744 615,976 3,391,443 11,788,578 6,700,900 $ 4,584,516 $ 11,795,322 $ 7,316,876 7 G-84 Fleet Management Fund Total $ 2,852,415 $ 22,304,499 10,401 78,759 2,862,816 22,383,258 1,017,119 1,587,935 1,211,212 4,669,473 64,439 70,033 - 14,420,821 2,292,770 20,748,262 570,046 1,634,996 7,290 76,986 - 941,129 12,728 12,728 - 700 20,018 1,031,543 590,064 2,666,539 (456,060) (716,742) 134,004 1,949,797 2,145,068 24,025,989 $ 2,279,072 $ 25,975,786 G-85 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Operating Activities: Cash received for services Cash rec'vd from other funds for goods and svcs Cash received from insurance recoveries Cash payments to suppliers for goods and svcs Cash payments for employee services Cash payments to other funds Cash payments for claims Other operating revenue Net Cash Provided by/(Used in) Operating Activities Noncapital Financing Activities: Transfers to other funds Capital and Related Financing Activities: Acquisition of capital assets Proceeds from sale of capital assets Net Cash Provided/(Used) by Capital and Related Financing Activities Investing Activities: Investment income Proceeds from sales and maturities of investments Purchase of investment securities Net Cash Provided/(Used) in Investing Activities Net Increase/(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents: October 1 September 30 Worker's Compensation Fund Group Insurance Fund Risk Management Fund $ 88,057 $ 3,582,010 $ 48,038 2,510,161 10,177,191 2,782,770 54,247 130,270 50,526 (371,314) (1,182,478) (1,811,110) (167,752) (172,823) (152,920) (25,553) (32,615) (27,673) (2,321,486) (12,135,689) (147,878) 41,732 9,694 16,867 (191,908) 375,560 758,620 (82,641) (113,658) (64,383) - - (23,473) 700 (22,773) 57,778 153,253 85,396 2,506,014 4,906,702 2,644,100 (1,868,550) (4,766,909) (2,614,377) 695,242 293,046 115,119 420,693 554,948 786,583 859,542 2,954,052 1,154, 812 $ 1,280,235 $ 3,509,000 $ 1,941,395 f� II ' Fleet Management Fund Total 1 $ 738,576 $ 4,456,681 2,116,601 17,586,723 - 235,043 (1,634,533) (4,999,435) (510,586) (1,004,081) (539,173) (625,014) - 10,401 (14,605,053) 78,694 181,286 1,123, 558 ' (456,060) (716,742) (6,575) (30,048) 700 ' (6,575) (29,348) ' 24,643 321,070 1,052,840 11,109,656 (668,062) (9,917,898) 409,421 1,512,828 t128,072 1,890,296 371,245 5,339,651 $ 499,317 $ 7,229,947 1 ' G-87 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS - CONTINUED INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Reconciliation of operating income/(loss) to net cash provided by/(used in) operating activities: Operating income/(loss) Adjustments to reconcile operating income/(loss) to net cash provided by/(used in) operating activities: Depreciation and Amortization Nonoperating Income -Insurance Recoveries Change in assets and liabilities: (Increase)/Decrease in Accounts receivable (Increase)/Decrease in Due from other funds (Increase)/Decrease in Due from other gov't units Increase/(Decrease) in Accounts payable Increase/(Decrease) in Accrued wages/benefits Increase/(Decrease) in Claims/judgments payable Increase/(Decrease) in Due to other funds Increase/(Decrease) in Due to other gov't units Increase/(Decrease) in Comp. absences payable Increase/(Decrease) in OPEB liability Total adjustments Net cash provided by/(used in) operating activities Noncash investing, capital, and financing activities: Contribution of capital assets from gov't Change in fair value of investments Cash Reconciliation: Unrestricted Worker's Group Risk Compensation Insurance Management Fund Fund Fund $ 535,246 $ (46,129) $ 575,833 - 214 5,380 729,880 129,332 81,917 (675,698) 938 (31,391) (22,424) (224,193) - (2,325) (24,367) - (7,033) 589,870 39,907 517 2,437 9,759 (742,138) (51,269) 60,940 (3,004) (1,190) 11,341 8,012 - - (28,155) (9,211) (9,266) 15,214 9,128 14,200 (727,154) 421,689 182,787 $ (191,908) $ 375,560 $ 758,620 (41,904) $(106,904) $ (58,631) $ 1,280,235 $ 3,509,000 $ 1,941,395 J G-88 fl ' Fleet Management Fund Tota I ' $ 570,046 $ 1,634,996 ' 64,439 70,033 - 941,129 ' 1,214 (704,937) ' (522) 2,070 (247,139) (24,622) (27,587) 595,157 ' (449) 12,264 (732,467) (468,497) (461,350) - 8,012 ' 2,033 (44,599) 38,539 77,081 ' (388,760) (511,438) ' $ 181,286 $ 1,123,558 ' $ 12,728 $ 12,728 (14,982) -T (222,421) ' $ 499,317 $ 7,229,947 I G-89 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF FIDUCIARY NET ASSETS ALL AGENCY FUNDS SEPTEMBER 30, 2013 Clerk's Sheriffs Tag General General and Property Agency Agency License Tax Totals ASSETS Cash and Cash Equivalents $ 3,842,968 $ 1,263,083 $ 268,299 $ 1,534,234 $ 6,908,584 Accounts Receivable 9,022 14,429 589 5,695 29,735 Total assets $ 3,851,990 $ 1,277,512 $ 268,888 $ 1,539,929 $ 6,938,319 LIABILITIES Due to Others Due to Other Governmental Units $ 3,169,906 $ 1,277,512 $ 682,084 - 1,797 267,091 $ 14,721 1,525,208 $ 4,463,936 2,474,383 Total liabilities $ 3,851,990 $ 1,277,512 $ 268,888 $ 1,539,929 $ 6,938,319 G-90 1 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION ALL AGENCY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 ' 10/1/2012 Additions Deductions 9/30/2013 Clerk's General Assets Cash and Cash Equivalents $ 3,512,768 $ 33,400,944 $ 33,070,744 $ 3,842,968 Accounts Receivable 4,641 72,763 68,382 9,022 Total assets $ 3,517,409 $ 33,473,707 $ 33,139,126 $ 3,851,990 Liabilities Due to Others Due to Other Governmental Units $ 2,464,149 1,053,260 $ 10,180,395 23,293,312 $ 9,474,638 23,664,488 $ 3,169,906 682,084 Total liabilities $ 3,517,409 $ 33,473,707 $ 33,139,126 $ 3,851,990 ' Sheriffs General Assets Cash and Cash Equivalents $ 1,446,235 $ 1,469,380 $ 1,652,532 $ 1,263,083 Accounts Receivable 6,842 692,246 684,659 14,429 Total assets $ 1,453,077 $ 2,161,626 $ 2,337,191 $ 1,277,512 Liabilities Due to Others $ 1,453,077 $ 2,069,931 $ 2,245,496 $ 1,277,512 ' Total liabilities $ 1,453,077 $ 2,069,931 $ 2,245,496 $ 1,277,512 Tag and License Assets Cash and Cash Equivalents $ 187,148 $ 14,378,468 $ 14,297,317 $ 268,299 Accounts Receivable 2,381 - 1,792 589 ' Total assets $ 189,529 $ 14,378,468 $ 14,299,109 $ 268,888 Liabilities Due to Others $ 1,223 $ 31,302 $ 30,728 $ 1,797 Due to Other Governmental Units 188,306 14,347,166 14,268,381 267,091 Total liabilities $ 189,529 $ 14,378,468 $ 14,299,109 $ 268,888 Property Tax Assets 'Cash and Cash Equivalents $ 1,548,590 $ 262,767,639 $ 262,781,995 $ 1,534,234 Accounts Receivable 5,695 5,695 Total assets $ 1,548,590 $ 262,773,334 $ 262,781,995 $ 1,539,929 Liabilities Due to Others $ 11,697 $ 12,178,754 $ 12,175,730 $ 14,721 Due to Other Governmental Units 1,536,893 250,594,580 250,606,265 1,525,208 Total liabilities $ 1,548,590 $ 262,773,334 $ 262,781,995 $ 1,539,929 (Continued) I G-91 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION -CONTINUED ALL AGENCY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2013 10/1/2012 Additions Deductions 9/30/2013 Total All Agency Funds Assets Cash and Cash Equivalents $ 6,694,741 $ 312,016,431 $ 311,802,588 $ 6,908,584 Accounts Receivable 13,864 770,704 754,833 29,735 Total assets $ 6,708,605 $ 312,787,135 $ 312,557,421 $ 6,938,319 Liabilities Due to Others $ 3,930,146 $ 24,460,382 $ 23,926,592 $ 4,463,936 Due to Other Governmental Units 2,778,459 288,235,058 288,539,134 2,474,383 Total liabilities $ 6,708,605 $ 312,695,440 $ 312,465,726 $ 6,938,319 G-92 1 I STATISTICAL SECTION I(Unaudited) L7 This part of Monroe County, Florida Government's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the County's overall financial health. Statistical schedules differ from financial statements because they usually cover more than one fiscal year and may present non - accounting data. These schedules are designed to give the reader insights into the financial position of Monroe County not readily apparent from the financial statements. ' Contents Financial Trends These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time. ' Revenue Capacity These schedules contain information to help the reader assess the government's ' most significant local revenue source, the property tax. ' Debt Capacity These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue ' additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take ' place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. 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C E N> J U J) Y, N m N y U C Q. m C N a = > '� m c L > m Q F°- U�' O ~ O t > m m � � m '�° > 'y Monroe County, Florida Governmental Activities Tax Revenues By Source Last Ten Fiscal Years (accrual basis of accounting) Sales Taxes State Local Local Tourist Fiscal Property Tourist Sales Development Other Year Tax Impact Tax Tax Tax Taxes Total 2004 $ 60,113,153 $ 2,280,226 $ 29,241,630 $ 13,653,340 $ 3,044,564 $ 108,332,913 2005 65,213,691 2,319,138 28,604,200 13,924,863 3,546,375 113,608,267 2006 71,978,592 2,337,667 29,097,437 13,658,344 3,567,410 120,639,450 2007 77,370,025 2,470,447 28,849,639 15,427,328 3,126,761 127,244,200 2008 74,581,111 2,774,826 28,455,229 15,006,028 2,055,110 122,872,304 2009 81,181,540 2,567,410 25,936,719 14,962,879 1,141,964 125,790,512 2010 81,685,080 2,820,046 27,042,539 19,658,401 1,292,038 132,498,104 2011 78,492,821 3,221,050 29,123,899 22,409,539 1,702,807 134,950,116 2012 74,644,751 6,288,112 30,706,877 25,606,873 1,866,485 139,113,098 2013 72,392,013 3,895,240 31,684,654 27,192,150 1,837,247 137,001,304 11 11 H-6 q 11 M O N N 0 N (n (O coN N a ' r (R (+) (t) N r O V IR LO N Cl) O LO N c0 (n co oc' W O r 00 N m (n co C. c0 O Cl) C. o cl m v N C) ar0 r M (O (O II NO r(n ccn V co C7 � Cn M to C ci M 0 to 9 (n O c0 co (n (D r c0 m r O cn N N A � N to (h O co co n N (D r` N N to O O O co O N 7 m - d N 01 N m y n�E cin o) c y c c in E �0- Um = Z w U Q D 0- C) co co(Dn C) N r r O N r O (O O N (t) 00 co 60 rnt2(ar_ r (n r O CD co (f) O (f) O i O M (D N (n (O (n co (n v C r r Cl) ro r o CA N LO ^ (O O N r M Cl) (t) Vi CD N ONO C ' M C (n CCi N (LQ co Cl) LO 00 (O m t2 r) N M_ M n co O (O O rr (o co LO 00 N N 00 � 60 n (mac, C o (r° v v N 00 Cl) N Cl) N N Cl) C14 N cr0 C) N to m LO m 00 con 60 O NCIJ � M 't r c0 (O O W N LO LO (Op r O r of r� O N N co (O � LO I LQ co co Lo N O O O) Lo Cl) O ' O? co LO N H-7 c V' 00 00 I, 0 00 0 T M T 0 V' (0 T N M I, (0 V' (li Il m 0 0 V' T00 O(D NN It Cl) V'O i0 (D � OIL N V'(O 0000 I� MO r- N- (0(O OO (O r�N (0 V' T O 00 O M M O 00 (0 O M (0 (D N Cl) 00 Cl) a0 V' M M V' (D M N I� N O N V' T co 00 M r- (D O r- O) O) I� a 00 (D N 'Ni o0 00 (M (O 0O (M (0 I� (0 N 00 M M W) O M T N h N 00 It 00 N V' O N N O N N O) N (A M T O M I� T M O N N OD N V' O) V' N OD M (D (D O) O (D N 0 co V' V' 0) (D N ((i (D (0 (0 M (D O O (0 W M (D (0 N 00 O (D M O ((i T P- N N O V' N co N O V' (0 O) 00 I- OD O N M M N V' O (D I� O I' I' T M I' V' ClO N 1� 1- O r O O O V' N O ((i V' I- M I� L M co((i M ((i O) M O (0 (0 N M U) W M O O- (D r T V OD I, co d• OD N ((i O N M W N (A OD O O M O V M MN W (ON MfD M I�(0 (0 (DMOMOO NOS a0 (0 W M (li W (D L0 N 00 00 (0 M O M I� M N MMTCDM N O(D NM1� NMO)00 (�0 Il- u7 (0 N O (D N O M M (D M(M(0N (0 (D M M W I� (D - O (0 MIS V' W (O M-NO O) Na) (OO V' N N M O M (V O vO M V' O 0 N O 10 N M W O) N (A o W O) W M M N O O M 7 0 OD (D (0 O M OD M co O) v0) (0 N V' I- (D O co it) (0 co I� N (0 W ((i (0 (O O Lq N C o0 T (O (0 M O N I- (D OD r (D r� I: O NM O M M N O M r- N (D N V' NM (0 O I- co OD N7 O (D (0 O fD I- N7 Q) N N W O N (O O) O (O coN r (O N M V' V' V' O O M N )0 1� T �' OD V' 00 co LON V' (O (0 O N O N N N (A (0 M N OD V 1�M1�M1�NN V M O N N 00 V OD O �00000 (0(0I-O P- N0)(0 (D N O V' 00 W I� O N V' O V' O O W 00 (D (O N (0 00 0) M O (0 I- 0) OD v(D (O co V' W N (D It I- co O co OD N (O I- O) O O M I' W O 00 I- NM r N m co V' O (0 Co O N O 00 T N P- W V' V' M N (0 (O M N M M fD 00 W OD N V' a0 r 00 00 N M � (0 N O N N H � C O N (O (O I- N (D co v(0 OD (0 V' OD V' M OD r 00 LL ODr DD (D (D1� V1lM O(000 co 1- W (D O N O OM(O(MNM V'O (D LO W OO O) (0 (D V' C 00 V' OD f- (D (D M O) N V' (0 W M W M N W ItI- N M C O _N OD N T (0 OD N M (0 co M (0 V' OD V' W O) N O LO OD I- C O i0 I` V' Cl) V' m C E O N (7) f•) W V O V' OD m u fD M to v O W N 1� O N (D O co W r- N M (0 O OO M O N O ' O m O 1� r (D N M O (0 1� N W r W M V' h (D (0 (0 O O) co N co I� (D M (0 (p N N N W N co N V' W 00 co co M OD O CO V' (i') N M O V' M N V' V' I- N N N O O) C �. 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C9 V _ VN' QMi M 0 0 O0) ON) 00 M N co LOCco OO O O a in V Cl) M () N CV c*i c*i Cl) Cl) Ca N ++ O O ; w Z 3 owc2 C O I i i i i i i i i i O C 0 0 y U o r o � y C C d O O O O O O O CD O O 0 ++ ` N N N Cl) N— 00 CO CD N N r 00 M N LO CD O CO a C N 01 —_ V' 0 Cl) O 0 O) M co LO CD T C; 4 M M M N N c*i M C7 c'i 3 0 O 0 oU O _ N _ O OD (hi) N _ 0 C(O N C 3r.. O(� - rQ' cM..) cy. MO co N Cl)M T O 0 c N 0 -t m o CD. o. -„� o0 Ca y 'Z mi .2 i i i i f i i i I T a a m a.. en c t0 0 3 ED C C_ al �+ 00 +- O C r0 V Cl) M N M 0 M O M0 M 000 N Cl) (M T _ CL O E a C co O u, > U W M 0 O r r- O Cl) N O O CA iq i.i l0 c0 V' CD c00 Cv) 0�0 r- Cl) c U 'O ~ M O LO M M M rn �, o U v v Cl) i Cl) N m v C i m 0 a a a c Q 3 an d O u T o 2 y i I i i i I i i I i o � o o y c n m o � cU C a1 M 0 O r r 0 M N O C O O rn C 7) Q is O000 V' CO 000 c'7 N CD am Cl) 000 U c` ai rn a) =_ M O U? M t` M r 7 OA (D CA M M N M M V' �' Cl) 0 C o • a C O tz 3 u, m O .a) V Cc O O O O O O O N Cl) ` > O LL} O O N NO N N N O O O 0 o U) a H-12 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Monroe County, Florida Principal Property Taxpayers September 30, 2013 2013 Taxable Assessed Taxpayer Value Rank Southeast Housing LLC $ 142,097,484 1 Fla. Keys Electric Co -Op 95,675,183 2 Galleon Condominium Assoc Inc 62,945,933 3 Sunset City LLC 53,708,585 4 Hyatt Vacation Management Co 47,150,998 5 City of Key West 46,883,179 6 Casa Marina Owner LLC 44,324,443 7 NWCL LLC 44,184,878 8 SH5 LTD 39,768,423 9 BellSouth/Southern Bell 39,252,362 10 Hilton Resorts & Marina Cheeca Lodge Pier House Hawks Cay Southernmost Beach LP Grand Key Resort - Sheraton Suites - Reach - $ $615,991,468 Source: Monroe County Property Appraiser Percentage of Total Taxable Assessed Value 0.76% 0.51 % 0.34% 0.29% 0.25% 0.25% 0.24% 0.24% 0.21 % 2004 Percentage of Taxable Total Taxable Assessed Assessed Value Rank Value 57,239,714 2 0.21% 67,958,924 1 38,613,649 3 32,594,238 4 27,314,526 5 27,240,603 6 26,342,424 7 - 24,784,925 8 - 24,505,715 9 - 21, 858,718 10 3.29% $ 348,453,436 H-13 0.39% 0.46% 0.26% 0.22% 0.19% 0.19% 0.18% 0.17% 0.17% 0.15% 2.37% N c O r �v m 'p N OU y m C N N O O. O > L' � J N L. 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CD 07 M O N NCOLS7 � L!7 to 00 ti U') Lo M CDN tV 14' r � LO lc) U') Cl) NT LM m C) ti N � M 00 � O M N a) ) c a) cn E U Li O cu O U C V) O N aO U 0) U 0 L- _ Q cn E T .O >� m m Q LL d) C cu •2 @ t6 G Lu O a > O co a) (n N O m (0 L N U a) O c0 cu V (n d � E N U a) U cn a) a Q > C rn -6 Q — .N E N Y f0 cu —_ L a) co O .0 3 iiQ=M N c N C O@ (p c < 5Q Q ��mm0� oU � U. a a. cu f— 2 U U H-25 7 (0 4) (0 C a) O r m (0 U_ a) T � C N Z3 ro O U N @ O Co �a U O Z U) (1) a) co Z THIS PAGE INTENTIONALLY LEFT BLANK fl -11 f1 COMPLIANCE SECTION I 1 `% Cherry Bekaert- so CPAs &Advisors Report of Independent Auditor on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida: We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business - type activities, the discretely presented component unit, each major fund and the aggregate remaining fund information of Monroe County, Florida (the "County") as of and for the year ended September 30, 2013, and the related notes to the financial statements, which collectively comprise the County's basic financial statements, and have issued our report thereon dated June 30, 2014. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the County's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the County's internal control. Accordingly, we do not express an opinion on the effectiveness of the County's internal control. Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as described in the accompanying schedule of findings and questioned costs, we identified certain deficiencies in internal control that we consider to be material weaknesses. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the deficiencies described in the accompanying schedule of findings and questioned costs as findings 2013-01, 2013-02, 2013-03 and 2013-04 to be material weaknesses. Compliance and Other Matters As part of obtaining reasonable assurance about whether the County's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 1-1 1 Responses to the Findings The County's responses to the findings identified in our audit are described in the accompanying schedule of ' findings and questioned costs. The County's responses were not subjected to the auditing procedures applied in the audit of the financial statements and accordingly, we express no opinion on them. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the County's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing ' Standards in considering the County's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. �Le Orlando, Florida June 30, 2014 1 1 H 1-2 `� Cherry Bekaert CPAs 6 Advisors Report of Independent Auditor on Compliance for Each Major Federal Awards Program and State Financial Assistance Project and on Internal Control Over Compliance Required by OMB Circular A-133 and Chapter 10.550, Rules of the Auditor General To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida: Report on Compliance for Each Major Federal Program and State Financial Assistance Project We have audited the compliance of Monroe County, Florida (the "County") with the types of compliance requirements described in the OMB CircularA-133 Compliance Supplement and the requirements described in the State of Florida Department of Financial Services' State Projects Compliance Supplement, that could have a direct and material effect on each of the County's major federal programs and state financial assistance projects for the year ended September 30, 2013. The County's major federal programs and state financial assistance projects are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal awards programs and state financial assistance projects. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of the County's major federal awards programs and state financial assistance projects based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; OMB Circular A-133, Audits of States, Local Govemments, and Non -Profit Organizations and Chapter 10.550, Rules of the Auditor General. Those standards, OMB Circular A-133, and Chapter 10.550, Rules of the Auditor General, require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program or state financial assistance project occurred. An audit includes examining, on a test basis, evidence about the County's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal awards programs and state financial assistance projects. However, our audit does not provide a legal determination of the County's compliance. Opinion on Each Major Federal and State Program In our opinion, the County complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal awards programs and state financial assistance projects for the year ended September 30, 2013. 1-3 Report on Internal Control over Compliance ' Management of the County is responsible for establishing and maintaining effective internal control over compliance with the types of requirements referred to above. In planning and performing our audit, we considered the County's internal control over compliance with the types of requirements that could have a direct ' and material effect on its major federal awards programs and state financial assistance projects to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on compliance for each major federal awards program and each state financial assistance project and to test and report on internal control over compliance in accordance with OMB Circular A-133 and Chapter 10.550, Rules of the Auditor General, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the County's internal control over compliance. Our consideration of internal control over compliance was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as discussed below, we identified one deficiency in internal control over compliance that we consider to be a material weakness. A deficiency in intemal control over compliance exists when the design or operation of a control over compliance t does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal awards program or state financial assistance project on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program or state financial assistance project will not be prevented, or detected and corrected, on a timely basis. ' A significant deficiency in intemal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program or state financial assistance project that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. We consider the deficiency in internal t control over compliance described in the accompanying schedule of findings and questioned costs as item 2013-05 to be a material weakness. The County's response to the internal control over compliance finding identified in our audit is described in the accompanying Schedule of Findings and Questioned Costs. The County's response was not subjected to the auditing procedures applied in the audit of compliance and accordingly, we express no opinion on the response. ' The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of OMB Circular A- 133 and Chapter 10.550. Accordingly, this report is not suitable for any other purpose. Orlando, Florida June 30, 2014 1-4 Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 Federal/State Agency, Pass -through Entity CFDA Federal Program/State Proiect Number Department of Health and Human Services: Passed through Florida Department of Elder Affairs and Alliance for Aging: Title IIIB Community Living Program - 2013 93.044 Title IIIC1 Congregate Meals - 2012 93.045 Title IIIC1 Congregate Meals - 2013 93.045 Title IIIC2 Home Delivered Meals - 2012 93.045 Title IIIC2 Home Delivered Meals - 2013 93.045 Total Program Title IIIE Caregiver Support Services - 2012 93.052 Title IIIE Caregiver Support Services - 2013 93.052 Total Program Nutrition Services Incentive Program - 2013 93.053 Passed through Florida Department of Revenue, Agency for Children and Families, Office of Child Support Enforcement: Child Support Enforcement Title IV-D 93.563 Passed through Florida Department of Economic Opportunity: Low Income Home Energy Assistance Program - 2012 93.568 Low Income Home Energy Assistance Program - 2013 93.568 Weatherization Assistance Program - 2012 93.568 Total Program Total Federal Agency Department of the Interior: Passed through Florida Department of Environmental Protection: US Fish and Wildlife Services: Clean Vessel Act Grant Program 15.616 Department of Justice: Equitable Sharing Agreement 16.922 Direct Program: Bureau of Justice Assistance: Monroe County Sheriff Office Crisis Intervention Training 16.738 Drug Court Specialized Software and Technology 16.738 Total Program The accompanying notes are an integral part of this schedule. 1-5 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 Contract Grant Number Expenditures AA-1329 $ 14,044 AA-1229 35,404 AA-1329 96,205 AA-1229 55,844 AA-1329 157,493 344,946 AA-1229 13,486 AA-1329 56,328 69,814 US-1351 29,249 CC344 169,836 12EA-OF-11-54-01-019 53,717 13 EA-0 F-11-54-01-019 133,564 12LH-9Z-11-54-01-039 11,267 198,548 826,437 MV022 for CVA10-575 22,970 -- 414,662 2010-DJ-BX-1076 1,896 2012-DJ-BX-0316 8,600 10,496 E. (Continued) Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 Federal/State Agency, Pass -through Entity CFDA Federal Program/State Proiect Number Department of Justice - Continued: Passed through Office of the Attorney General: Victims of Crime Acts 16.575 Passed through Florida Department of Law Enforcement: Edward Byrne Memorial Justice Assistance Grant - Jail In House Program (Females) 16.738 Edward Byrne Memorial Justice Assistance Grant - MYC Violence & Sub Abuse Prev 16.738 Edward Byrne Memorial Justice Assistance Grant - Samuel's Hse: Ct Mand. Svcs/Sub Abs 16.738 Edward Byrne Memorial Justice Assistance Grant - Heron Peacock: Preventing Recidivism 16.738 Edward Byrne Memorial Justice Assistance Grant - Boys & Girls Club: Smart Kids Program 16.738 Edward Byme Memorial Justice Assistance Grant - Jail In House Program (Males) 16.738 Total Program Total Federal Agency Executive Office of the President: Direct Program: High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 High Intensity Drug Trafficking Areas 95.001 .High Intensity Drug Trafficking Areas 95.001 Total Federal Agency The accompanying notes are an integral part of this schedule. I-7 1 1 1 1 1 1 1 1 1 1 Contract Grant Number Expenditures V 12231 227,526 2013-JAGC-MONR-1-D7-242 16,500 2013-JAGC-MONR-2-D7-031 16,400 2013-JAGC-MONR-3-D7-244 16,499 2013-JAGC-MONR-4-D7-247 16,499 2013-JAGC-MONR-5-D7-126 10,093 2013-JAGC-MONR-6-B2-270 67,000 142,991 795,675 G09M10005A 139,035 G 10M 10005A 2,091 G11 MI0005A 395,426 G 12AC0005A 1,005,205 G 12AC0004A 24,121 G13MI0005A 660,931 G10PR0001A 422,824 G11 PR0001A 503,369 G12PR0001A 3,553,321 G 13PR0001 A 2,459, 855 G11 MI0001A 1,238,688 G 12M I0001 A 6,267,698 G 13MI0001 A 2,399,157 19, 071,721 19 (Continued) Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 Federal/State Agency, Pass -through Entity CFDA Federal Program/State Proiect Number Department of Transportation: Direct Program: Federal Aviation Administration: Key West AIP-3744 20.106 Key West AIP-3745 20.106 Key West AIP-3746 20.106 Marathon AIP-4427 20.106 Marathon AIP-4429 20.106 Marathon AIP-4430 20.106 Total Program Federal Highway Administration: Passed through Florida Department of Transportation: Transportation Planning Program 2012 20.205 Local Agency Program: All American Road Signage 20.205 Local Agency Program: Highway Planning/Construction: Old SR940 Leg A BPK Bridge 20.205 Card Sound Bridge Repair Project 20.205 Total Program Total Federal Agency Department of Homeland Security: Passed through Florida Division of Emergency Management: Tropical Storm Isaac - Sheriff - FEMA-4084-DR-FL 97.036 Tropical Storm Isaac - FEMA-4084-DR-FL 97.036 Hurricane Ike - FEMA-3293-EM 97.036 Tropical Storm Faye - FEMA-1785-DR 97.036 Total Program Emergency Management Performance Grant FY12-13 97.042 Emergency Management Performance Grant FY13-14 97.042 Total Program The accompanying notes are an integral part of this schedule. s 3 1 Contract Grant Number Expenditures 3-12-0037-044-2011 731,352 3-12-0037-045-2011 161,881 3-12-0037-046-2012 2,103,185 3-12-0044-027-2009 116,381 3-12-0044-029-2011 83,329 3-12-0044-030-2012 118,722 3,314,850 25222811407/AQN53 133,258 428298-1 /APW52 555 430193-1/AQE31 250,611 431917-1-38-01 66,814 451,238 3,766,088 13-I S-3 S-11-54-15-526 1,941 13-IS-3S-11-54-15-526 113,917 08-PA-00-11-54-13-509 24,467 09-FA-B9-11-54-00-546 48,593 188,918 13-FG-86-11-54-01-111 29,049 14-FG-86-11-54-01-111 36,712 65,761 (Continued) 1-10 Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 Federal/State Agency, Pass -through Entity CFDA Federal Program/State Proiect Number Department of Homeland Security - Continued: Stone Garden Grant - Sheriff - 2010 97.067 State Homeland Security Grant Program - 2009 97.067 State Homeland Security Grant Program - 2010 97.067 State Homeland Security Grant Program - 2011 97.067 State Homeland Security Grant Program - 2012 97.067 Passed through the City of Miami: Urban Area Security Initiative Grant Program - 2009 97.067 Urban Area Security Initiative Grant Program - 2010 97.067 Urban Area Security Initiative Grant Program - 2011 97.067 Total Program Total Federal Agency Department of Energy: Passed through Florida Department of Economic Opportunity: ARRA-Weatherization Assistance Program 81.042 Department of Housing and Urban Development: Passed through Florida Department of Economic Opportunity: Community Development Block Grant 14.228 Community Development Block Grant 14.228 Community Development Block Grant 14.228 Total Program Passed through Department of Children and Families: ESG Emergency Solutions Grant - FY13-14 14.231 Total Federal Agency United States Treasury Department: Equitable Sharing Agreement 21.000 Department of Environmental Protection: Canal Management Master Plan 66.436 Total Expenditures of Federal Awards The accompanying notes are an integral part of this schedule. Contract Grant Number Expenditures 14DS-F1-11-54-23-155 45,101 2009-SS-T9-0081 13,967 2010-S S-TO-0092 56,500 201 1-SS-00067 19,910 2012-SS-00109-SO1 34,395 11 DS-32-11-23-02-233 84,339 11 D S-A 1-11-23-02 327,440 12DS-22-11-23-02 58,586 640,238 894,917 13 WX-OG-11-54-01-039 10-DB-K4-11-54-02-K24 440,611 12-DB-05-11-54-01-H15 128,703 12-DB-P5-11-54-01-K47 264,034 833,348 KPZ06 91,752 925,100 266,545 00D03712-0 99,846 $ 26,674,557 (Continued) 1-12 Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 CSFA State A-gency Number Florida Division of Emergency Management: Emergency Management Programs FY13 31.063 Emergency Management Programs FY14 31.063 Total Department Florida Department of Children and Families: Criminal Justice Mental Health and Substance Abuse Reinvestment Grant 60.115 Florida Department of Elder Affairs: Passed through The Alliance for Aging: Home Care for the Elderly - 2012 65.001 Home Care for the Elderly - 2013 65.001 Total Program Alzheimer's Disease Initiative - 2012 65.004 Alzheimer's Disease Initiative - 2013 65.004 Total Program Community Care for Elderly - 2012 65.010 Community Care for Elderly - 2013 65.010 Total Program Total Department Florida Department of Environmental Protection: Small County Recycling 37.012 Bathymetrics Study of Canals 37.039 Mayfield Grant 37.039 Total Program Clean Water State Revolving Fund Loan 37.077 Total Department Florida Department of Health: EMS County Award 64.005 Florida Department of Juvenile Justice: Intensive Delinquency Diversion Service 80.022 The accompanying notes are an integral part of this schedule. 1-13 Contract Grant Number Expenditures 13-BG-06-11-54-01-044 $ 105,232 14-BG-83-11-54-01-044 4,295 109,527 LHZ237 193,193 KH 1272 9,086 KH 1372 4,643 13,729 KZ1297 46,631 KZ1397 17,482 64,113 KC 1271 245,622 KC1371 103,164 348,786 426,628 324SC 70,588 S0640 97,039 LP44072 8,088,339 8,185,378 WW440710 7,859,814 16,115,780 C 1044 14,502 X1431 101,188 (Continued) 1-14 Monroe County, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 State Agency Florida Department of State: State Aid to Libraries - 2012 State Aid to Libraries - 2013 Total Department Florida Department of Transportation: Transportation Planning Program 07 - 09 Tom's Harbor Channel Bridge Small County Outreach Program/No Name Key Bridge Total Program Transportation Planning Program 07 - 09 Pigeon Key Ferry Service Total Program Key West Airport Key West & Marathon Airport Key West & Marathon Airport Marathon Airport Marathon Airport Total Program Total Department Florida Fish & Wildlife Conservation Commission: Boating Improvement Fund Exotic Plant Control Services Total Department Florida Housing Finance Corporation: State Housing Initiative Program - 2010 State Housing Initiative Program - 2012 Total Department Total Expenditures of State Financial Assistance CSFA Number 45.030 45.030 55.009 55.009 55.009 55.023 55.023 55.004 55.004 55.004 55.004 55.004 77.006 52.901 52.901 The accompanying notes are an integral part of this schedule. 1-15 Contract Grant Number Expenditures 12-ST-38 41,073 12-ST-35 33,866 25222811407/AOU27 1,492 42855015801/APX68 1,176,083 43012113801 /AQE34 41,214 1,218,789 25222811407/AOU27 22,210 41454515802/AQO80 126,267 148,477 4245819401/APT62 595,503 25426929401 /AQE35 136,195 42350519401/AQ931 63,625 42043619401 /AQ606 54,898 43113379401 /AQH 10 29,700 879,921 2,247,187 -- 245,441 08150 57,559 303,000 SHIP 09-10 PLAN 6 YR 3 545,671 SHIP 11-12 PLAN 6 YR 4 23,219 568,890 $ 20,154,834 1-16 q Monroe County, Florida Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2013 Note 1 — Reporting Entity For reporting entity purposes, the Schedule of Federal Awards and State Financial Assistance Projects (the "Schedule") presents the Federal and State grant activity of Monroe County, Florida (the "County"). Note 2 — Summary of Significant Accounting Policies The accounting policies and presentation of the Schedule of Expenditures of Federal Awards and State Financial Assistance Projects are presented on the modified accrual basis of accounting and in accordance with accounting principles generally accepted in the United States of America as applicable to governmental organizations. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations and the Florida Single Audit Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. J 1-17 MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Part I — Summary of Auditor's Results Financial Statement Section Type of auditor's report issued: Internal control over financial reporting: Material weakness(es) identified? Significant deficiency(ies) identified? Noncompliance material to financial statements noted? Federal Awards and State Projects Section Internal control over major programs: Material weakness(es) identified? Significant deficiency(ies) identified? Type of auditor's report issued on compliance for major federal programs and state projects: Any audit findings disclosed that are required to be reported in accordance with Circular A-133 and/or Chapter 10.550 Identification of major federal programs and state projects: Federal Programs: Unmodified X yes — no yes X none reported yes X no X yes —no yes X none reported Unmodified yes X no Name of Program or Cluster CFDA Number Executive Office of the President High Intensity Drug Trafficking Areas 95.001 Department of Transportation Federal Aviation Administration 20.106 Department of Housing & Urban Development Community Developmental Block Grant 14.228 1-18 MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Part I — Summary of Auditor's Results (continued) Federal Awards and State Projects Section (continued) State Projects: Name of Proiect CSFA Number Florida Department of Transportation Transportation Planning Program 07-09 Tom's Harbor Channel Bridge Small County Outreach Program / No Name Key Bridge Key West and Marathon Airport Florida Department of Environmental Protection Mayfield Grant Bathymetrics Study of Canals Clean Water State Revolving Fund Loan Dollar threshold used to determine Type A programs: Federal State Auditee qualified as low -risk auditee for federal purposes Part II - Schedule of Financial Statement Findings 55.009 55.009 55.009 55.004 37.039 37.039 37.077 $ 800,237 $ 604,645 X yes _ no This section identifies the significant deficiencies, material weaknesses, fraud, illegal acts, violations of provisions of contracts and grant agreements, and abuse related to the financial statements that are required to be reported in accordance with Government Auditing Standards. Finding 2013-01 Material Weakness Training and Review Criteria: An effective system of internal control contemplates that management properly maintain books and record transactions to ensure the accuracy of the financial statements. This includes ensuring that all employees have the proper training and qualifications in order to perform their assigned functions and that the work performed is reviewed in a timely manner to ensure accuracy. Condition: During our audit we noted instances where Finance staff did not appear to have the training necessary to perform their assigned functions. Additionally we noted a lack of oversight or review of the work performed. 1-19 MONROE COUNTY, FLORIDA ' SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 ' Certain specific instances include: ' • Vacancies existed in accounting staff positions which resulted in a number of accounting issues throughout the year. At times transactions were not posted accurately or timely. • Training of new hires was a challenge due to the lack of experience of existing staff. • Individuals were hired that did not have governmental experience. ' • The majority of the staff in key positions in the Finance office had less than one year of experience. • Written procedural manuals did not exist. ' Questioned Costs: There were no questioned costs associated with this finding. Effect: The County books and records on a monthly basis were not up to date and review processes were not in place. ' Cause: Due to significant turnover in office staff, the Finance Division operated short staffed for most of the past year. The turnover of staff has adversely affected the Clerk's ability to properly train newly hired staff and to effectively review their work for accuracy and timeliness. ' Recommendation: We recommend that the Clerk hire sufficient Finance staff with the proper qualifications and provide them with appropriate training and oversight to ensure that records can be maintained in a timely fashion in order to provide accurate and reliable financial information. ' Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the need to be fully staffed and is actively recruiting qualified staff to fill a number of unanticipated vacancies that ' occurred within our Finance Department over the past year. Management has implemented several standard operating procedures for many of the financial tasks and responsibilities. In addition, we are developing appropriate training and cross -training programs with commitments ' from other Florida Clerk & Comptroller's Offices who use the same financially accounting software and have the same duties and responsibilities as Monroe. Finding 2013-02 ' Material Weakness Monthly close out procedures ' Criteria: An effective system of internal control contemplates that management properly maintain books and records to ensure the accuracy of the financial statements. Reconciliations of the accounts should be prepared in ' a timely manner to ensure completeness and accuracy of the financial information and to allow for timely reporting. Condition: During our audit we noted numerous instances where the reconciliations of significant accounts were ' not performed in a timely manner and where amounts were recorded in error. Certain specific instances include: ' Reconciliations of all accounts were not done on a monthly basis which resulted in transactions being posted, in some cases, months after they occurred. • The books and records for the year ended September 30, 2013 of the County were not finalized until well after year-end. ' • The reconciliation of the due to/due from accounts between the constitutional officers and the County were not completed until 4 months after year end. 1-20 I MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 • Governmental capital assets were not updated in the subsidiary ledger and reconciled to the general ledger until well after the year end. • An Airport receivable that had been recorded in the previous fiscal year was still uncollected and remained on the County's general ledger in January, 2014. • Expenditures of federal and State awards were not recorded, reviewed and reconciled on a routine basis and delayed the closing of the books. • Expenditures for the Cudjoe Key Wastewater project were not recorded in the County's general ledger and the Duck Key Wastewater expenditures were overstated until reconciliation procedures were performed and finalized in May 2014. Unrecorded expenditures resulted in unencumbered budget balances which could result in over -expenditures and budget violations. Questioned Costs: There were no questioned costs associated with this finding. Effect: The County books and records on a monthly basis were not up to date and review processes were not being performed on a timely basis. As a result reports may be filed incorrectly and not on a timely basis. Unposted expenditures could compromise budget controls. Cause: Due to significant turnover in the Finance office staff, the County has lost the institutional knowledge of a number of key employees and has operated short staffed for most of the fiscal year. The undocumented procedures adversely affected the ability to maintain proper internal controls over the processes necessary to assure the financial records are accurate and up to date. Recommendation: We recommend that the hiring of sufficient Finance staff with the proper qualifications to ensure that records can be maintained and reconciled in order to provide accurate and timely financial information. Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the need to be fully staffed and is actively recruiting qualified individuals to fill a number of unanticipated vacancies that occurred within our Finance Department over the past year. Management has documented the purpose and history for several of the functions for staff as well as the related rules, regulations and guidelines required when analyzing and processing transactions. In addition, management has implemented several standard operating procedures and best practices, as well as a calendar of events and deadlines in order to improve timeliness issues. Currently, management is developing appropriate training and cross -training programs with commitments from other Florida Clerk & Comptroller's Offices who use the same financially accounting software. Finding 2013-03 Material Weakness Prior Period Adjustment Criteria: In the current year, two prior period adjustments were made. Condition: During the year ended September 30, 2013, errors were found and corrected in the reporting of the wastewater projects in the governmental funds and receivable cut-off in the proprietary funds. Context: Cudjoe Regional Wastewater Project fund balance was overstated, the Big Coppitt Wastewater Project fund balance was understated, the Duck Key Wastewater Project fund balance was understated, and the Key West Airport net position was understated. The overall net effect was that the prior period fund balance on the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances was overstated and MONROE COUNTY, FLORIDA ' SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 the prior period net position on the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Position was understated. ' Effect: The current year fund balance in the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances and the current year net position in the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Position needed to be adjusted to properly reflect the prior year transactions. Cause: The treatment of two accounting transactions was inadvertently erroneous and a current review of these transactions by management revealed the need for a correction. ' Recommendation: We recommend careful review of all transactions as they occur to determine the appropriate accounting treatment as well as year-end reconciliation of all accounts. ' Management Response: During the year ended September 30, 2013, errors were found in the previous reporting of both revenues and expenditures for the wastewater projects and receivables cut-off. Finance staff analyzed each of the wastewater projects, Stock Island, Big Coppitt, Duck Key and Cudjoe, from their inception. The years requiring adjustments ranged from 2005 through 2012. Generally accepted accounting principles require that assessment revenues and the associated interest and collection fees be treated as unearned until the project is substantially complete and available to the property ' owners. The Clerk's finance staff did a great job identifying the accounting issues in regards to these wastewater projects and accordingly has since implemented a more automated system of accounting for these transactions. Agreements were made to advance funds to FKAA to cover construction expenses. The advance payments ' made during each of the project periods were reported as expenditures at the time they were advanced rather than when the money was actually spent as required by accounting standards. These reporting issues were corrected in the current year ending September 30, 2013. The results were ' restatements of the beginning balances on both the fund and the government -wide financial statements. Implementation of a new monthly procedure will be established and be part of the Clerk's monthly reporting to the ' BOCC as part of the Clerk's agenda items. This procedure will be a recap of the monthly expenditures accepted and applied against the wastewater projects, the amounts received as well as the remaining balances of any advanced payments. Finding 2013-04 Material Weakness Quarterly Reports Criteria: The Passenger Facility Charge (PFC) Audit Guide for Public Agencies: Section 158.63 requires that the public agency provide quarterly reports to carriers collecting PFC revenues for the public agency, with a copy to the appropriate FAA Airport office. The PFC quarterly report must include PFC revenue received from collecting carriers, interest earned, and expenditures for the quarter; cumulative PFC revenue received, interest earned, expenditures, and the amount committed for use on currently approved projects. Condition: Quarterly reports were filed in a timely manner; however, they were not reviewed or reconciled to the general ledger in a timely manner. Questioned Costs: There are no questioned costs as the reports have been amended for all incorrect reporting. 1-22 E� MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Effect: All quarterly reports included minor misstatements prior to our audit; the third quarter was materially misstated due to an expenditure that did not utilize PFC receipts. Cause: Lack of internal controls established over reconciling receipts and disbursements reported to the general ledger as well as review of the quarterly reports. Recommendation: We recommend that internal controls be established to assure that the quarterly reports are reconciled to the general ledger on a timely basis so that amounts are properly stated and that the reports are reviewed prior to submission. Management Response: Historically, the Clerk's Finance office functioned as the internal control whereby they would quarterly review the Airports PFC usage and record the PFC activity reclassing the PFC cash. Airport staff would then prepare the PFC report and submit it to the Clerk's Finance office for review to ensure all activity had been captured prior to submission of the report to the FAA. Prior year's process narrative documented this internal control. During fiscal year 2013 the Clerk's office ceased performing this established internal control. We contend the Clerk's Finance office is uniquely positioned to perform this function. We recommend a return to the audit function previously provided by the Clerk's office to ensure all activity has been accurately captured by the Airport prior to submission of the quarterly PFC report. Part III - Federal Award Findings and Questioned Costs This section identifies the significant deficiencies, material weaknesses, and material instances of noncompliance, including questioned costs, as well as any material abuse findings, related to the audit of major federal programs, as required to be reported by Section 510(a) of OMB Circular A-133. Finding 2013-05 Material Weakness Grants report Criteria: Internal control is a process affected by those charged with governance, management, and other personnel which is designed to provide reasonable assurance about the achievement of the County's objectives with regard to reliability of financial reporting. Condition: Subsidiary schedules that are used to track each grant's eligible expenditures were not kept up to date in the current fiscal year. These schedules are needed to properly identify the federal and state grant expenditures in a given fiscal year as the Government Grants Fund includes eligible grant expenditures as well as non -grant expenditures and County match requirements. Additionally other grants not recorded in the Government Grants Fund must also be tracked to insure they are properly included in the Schedule of Expenditures of Federal Awards and State Financial Assistance Projects. Questioned Costs: There were no questioned costs associated with this finding. Effect: The County was unable to prepare an accurate Schedule of Expenditures of Federal Awards and State Financial Assistance Projects until months after year-end when the subsidiary grants schedules were prepared and reconciled to the County general ledger. Cause: The grants position was vacant for part of the fiscal year resulting in lack of training when the position was filled. Considerable turnover in the Clerk's finance staff resulted in a shortage of manpower making the completion of these subsidiary schedules difficult to achieve in a timely manner. Recommendation: We recommend the hiring of sufficient Finance staff with the proper qualifications to ensure that the grant subsidiary schedules be maintained up to date throughout the year. 1-23 J MONROE COUNTY, FLORIDA ' SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the need to be fully staffed and is actively recruiting qualified individuals to fill a number of unanticipated vacancies ' that occurred within our finance division over the past year. Management has documented the purposes and history for several of the functions for staff as well as the related rules, regulations and guidelines required when analyzing and processing transactions. In addition, management ' has implemented several standard operating procedures and best practices, as well as a calendar of events and deadlines in order to improve timeliness issues. Currently, management is developing appropriate training and cross -training programs with commitments from other agencies that use the same financial accounting software. Part IV - State Project Findings and Questioned Costs ' This section identifies the significant deficiencies, material weaknesses, and material instances of noncompliance, including questioned costs, as well as any material abuse findings, related to the audit of major state projects, as required to be reported by Chapter 10.550, Rules of the Auditor General - Local Govemmental Entity Audits. See finding 2013-05. 11 1-24 MONROE COUNTY, FLORIDA CORRECTIVE ACTION PLAN FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 Section II - Financial Statement Findings Finding 2013-01 Name of contact person: Amanda Cochran, Finance Director Corrective Action: See management's response in the finding above. Proposed completion date: As soon as practicable. Finding 2013-02 Name of contact person: Amanda Cochran, Finance Director Corrective Action: See management's response in the finding above. Proposed completion date: As soon as practicable. Finding 2013-03 Name of contact person: Amanda Cochran, Finance Director Corrective Action: See management's response in the finding above. Proposed completion date: As soon as practicable. Finding 2013-04 Name of contact person: Peter Horton, Director of Airports Corrective Action: See management's response in the finding above. Proposed completion date: Corrective action should be implemented immediately. Section III - Federal Award Findings and Questioned Costs Finding 2013-05 Name of contact person: Amanda Cochran, Finance Director Corrective Action: See management's response in the finding above. Proposed completion date: As soon as practicable. Section IV - State Project Findings and Questioned Costs See Finding 2013-05 above. 1-25 11 MONROE COUNTY, FLORIDA ' SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS FOR THE YEAR ENDED SEPTEMBER 30, 2013 ' Status of Prior Audit Findings: ' There were no findings for the year ended September 30, 2012. Corrective Action Plan: I There were no findings for the year ended September 30, 2012 1-26 THIS PAGE INTENTIONALLY LEFT BLANK 0 4 4 I ` 1% Cherry Bekaert"° r CPAs 6 Aawsors Independent Auditor's Management Letter To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida: We have audited the financial statements of the governmental activities, the business -type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of Monroe County, Florida (the "County"), as of and for the year ended September 30, 2013, and have issued our report thereon dated June 30, 2014. We also have audited the financial statements of each of the County's nonmajor governmental, internal service and fiduciary funds presented as supplementary information in the accompanying combining and individual fund financial statements as of and for the year ended September 30, 2013. We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations. We have issued our Report of Independent Auditor on Internal Control over Financial Reporting and on Compliance and Other Matters, Report of Independent Auditor on Compliance with Requirements that Could Have a Direct and Material Effect on each Major Federal Program and State Project Financial Assistance and on Internal Control over Compliance, and Schedule of Findings and Questioned Costs. Disclosures in those reports and schedule, which are dated June 30, 2014, should be considered in conjunction with this management letter. Additionally, our audit was conducted in accordance with Chapter 10.550, Rules of the Auditor General, which governs the conduct of local government entity audits performed in the State of Florida. This letter includes the following information, which is not included in the aforementioned auditor's reports or schedule. Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. No recommendations were made in the preceding annual financial report. Section 10.554(1)(i)2., Rules of the Auditor General, requires our audit to include a review of the provisions of Section 218.415, Florida Statutes, regarding the investment of public funds. In connection with our audit, nothing came to our attention that could cause us to believe that the County was in noncompliance with Section 218.415 regarding the investment of public funds. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve the County's financial management. Reference to such matters is provided in separate management letters for each County agency, where applicable. Section 10.554(1)(i)4., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts and grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. Reference to such matters is provided in separate management letters for each County agency, where applicable. J-1 Section 10.554 1 5., Rules of the Auditor General, requires that the name or official title and legal authority ( )(i) 9 for the primary government and each component unit of the reporting entity be disclosed in the management letter, unless disclosed in the notes to the financial statements. Such disclosure is included in notes to the financial statements. Section 10.554(1)(i)6.a., Rules of the Auditor General, requires a statement be included as to whether or not the local governmental entity has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit of the financial statements of the County, the results of our tests did not indicate the County met any of the specified conditions of a financial emergency contained in Section 218.503(1). However, our audit does not provide a legal determination on the County's compliance with this requirement. Section 10.554(1)(i)6.b., Rules of the Auditor General, requires that we determine whether the annual financial report for the County for the fiscal year ended September 30, 2013, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2013. Our comparison of the financial report filed with the Florida Department of Financial Services to the County's 2013 audited financial statements resulted in no material differences. Pursuant to Sections 10.554(1)(i)6.c. and 10.556(7), Rules of the Auditor General, we applied financial condition assessment procedures as of September 30, 2013. It is management's responsibility to monitor the County's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. The purpose of this management letter is to communicate certain matters prescribed by Chapter 10.550, Rules of the Auditor General. Accordingly, this management letter is not suitable for any other purpose. Orlando, Florida June 30, 2014 J-2