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Fiscal Year 1999 1 > { t s �At � £t: For the FiscaCyear a t30, 1999 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 3091999 DANNY L. KOLHAGE CLERK OF THE CIRCUIT COURT PREPARED BY: CLERK OF THE CIRCUIT COURT FINANCE DEPARTMENT SANDRA CARLILE FINANCE DIRECTOR Cover courtesy of Anne Cohan Photography. MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS SHIRLEY FREEMAN, MAYOR DISTRICT 3 WILHELMINA HARVEY NORA WILLIAMS DISTRICT 1 DISTRICT 4 GEORGE NEUGENT MARY KAY REICH DISTRICT 2 DISTRICT 5 COUNTY ADMINISTRATOR JAMES ROBERTS CLERK OF THE CIRCUIT COURT AND CHIEF FINANCIAL OFFICER DANNY L. KOLHAGE MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1999 PAGE INTRODUCTORY SECTION Tableof Contents....................................... ........-........... .........................--........ ...... ....... A-1 Transmittal Letter of the Clerk of the Circuit Court..... ....-... ................................. ........ ........... A-5 Certificate of Achievement for Excellence in Financial Reporting.,...........--..... ...-...... .......... A-19 Organizational Chart..... ....... -........... ....................... ....... ............ ...... A-20 FINAN-CIAL SECTION Independent Auditors' Report..... ......................... ........... ........... ............. ............ B-1 Report on Compliance and on Internal control over financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Governmental Auditing Standards ................... ........... ........ .... B-3 COMBINED FINANCIAL SjATEMENT9j GENERAL PURPOSE FINANCIAL STATEMENTS: Combined Balance Sheet-All Fund Types,Account Groups and Discretely Presented Component Unit............... C-1 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- All Governmental Fund Types, Expendable Trust Funds and Discretely Presented Component Unit............. C-5 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual-All Governmental Fund Types and Expendable Trust Funds.............................................. C-7 Combined Statement of Revenues, Expenses and Changes in Fund Equity- AllProprietary Fund Types........ ......... ......................... ......... ........... .......... ......................................... C-1 1 Combined Statement of Cash Flows-All Proprietary Fund Types......... .......-...... ................................................. C-12 Notes to Combined Financial Statements.......... ............... ........ .................. ........ ....... ......... ......................... C-14 COMBINING. INDIVIDUAL FUND ANDACC-QUINIT IP FINANCIAL STATEMENTS AND 6 ULES GOVERNMENTAL FUND TYPES: Geneml,Eund Schedule of Revenues, Expenditures and Changes in Fund Balance- Budget and Actual................... D-1 Special Revenue Funds Combining Balance Sheet............... ............... E-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balance..................... E-1 0 Statements and Schedules of Revenues, Expenditures and Changes in Fund Balance-Budget and Actual: Affordable Housing Programs..........—.............. .......................... .......................................... E-19 Fineand Forfeiture............ ....... ......—........................ .................... ......... ....................- E-20 Roadand Bridge........................................ .............................................. ......................... E-22 LawLibrary........................ ........ ...... ......................... ...................................... ............. E-24 Tourist Development, All Districts, Two Cent,............ .................................. ........................ E-25 Tourist Development, Administrative and Promotional, Two Cent.......... ....... ....................... E-26 Tourist Development, District#One, Three Cent... ........ ......... ............ ................. .......... E-27 A-1 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1999 TABLE OF CONTENTS -CONTINUE0 PAGE Tourist Development, District#TvVo. Three Cent.................................................................... E-28 Tourist Development, District#Thnee' Three Cent................................................................. E'29 Tourist Development, District#Four, Three CenL---------------------. E-30 Tourist Development, District#Fk/e. Three Cert----------------------.. E-31 Govemnnlonta| FundTvoeGraOts------------------------------. E-32 |rnpootFees - Roadways.................................. E-85 Impact Fees - Parks and Recreation...................................................................................... E-36 ImpactFees - Libraries........................................................................................................... E-37 |nlnoutFaea - So|idVVoata---------------------------------- E-38 Impact Fees - Police Facilities................................................................................................ E-39 ImpactFees - Fire and EMS................................................................................................... E-40 Fire and Ambulance, District#1-Lower and Middle Kevs------------------ E-41 Translator System Service District.......................................................................................... E-42 Upper Keys Health Care Special Taxing District.................................................................... E-43 Fire and Ambulance, District#8 - Key Largo.......................................................................... E-44 Unincorporated Area Service District- Parks and Recreation................................................ E-45 Unincorporated Area Service District—Planning, Building and Zoning-----------.. E-46 911Enhancement Fees------------..----------------------. E-48 Duck Key Security District...................................................................................................... E-49 Local Housing /\ssigtance----------------------------------. E-50 CUcUoe Gardens Municipal Service Culvert District................................................................ E-51 Jolly Roger Estates Municipal Service Culvert District E-52 Winston Waterway Municipal ServkceToxiDgDistrict-------------------- E-59 Boating Improvement ---.--------------------------------- E'54 Miscellaneous Special ReVenUe-------.-----------------------.. E-55 FloridaKev's Marina............................................................................................................... E-57 Comprehensive Plan Land -----------------------.----- E-58 Sheriffs Alcohol Beverage and Tobacco................................................................................ E-59 Sheriffs --------.------.------------------------ E-MO Sheriffs Federal Asset Sharing Program................................................................................ E-61 Sheriffs Airport Sen/k�eG—.—.----.--------------------------- E-52 SherdfgH|DTA GcaOts---------....------------------------- E-63 Debt Service Funds CombiningBalance Sheet........................................................................................................... F-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances................... F-3 Combining Statement of Revenues, Expenditures and Changes iO Fund Balances- and Actual ---.-----------------------------.............. F-5 Capital Project Funds Combining Balance SheeL-----------------------------------. G-1 Combining Statement of RWeVeOueG, Expenditures and Changes iO Fund Balances................... G-2 Combining StatementgfRevenues, Expenditures and Changes in Fund Balances - Budget and Actual --------------------------.-----------. G'8 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1999 TABLE OF CONTENTS - CONTINUED PAGE PROPRIETARY FUND TYPES: Enter rise Funds Combining Balance Sheet... ....... ....... ...... ..................... ........ ................ ....... .......... H-1 Combining Statement of Revenues, Expenses and Changes in Fund Equity.............. ...... ....... H-5 Combining Statement of Cash Flows............... ...................... .................... ................... .... H-7 Schedule of Expenditures - Budget and Actual: Municipal Services District-Waste...___... ............... ................ ............................. H-1 1 CardSound Bridge......... ................................................................. ............ ....... .......... H-1 2 MarathonAirport........ ........._... .....___ ......._..... .......... ..................... ..................... H-13 KeyWest Airport....... ............... ...... ...................... .................... .................. ....... ...... H-14 Revenue and Issue Description.... ...... ..............____.............. ................... ............... H-1 5 Schedule of Debt Service Requirements.... .............. ........ ....... ............ H-16 loternal Service Funds Combining Balance Sheet... ............. ........... ............_........... ......... ..... H-1 7 Combining Statement of Revenues, Expenses and Changes in Fund Equity............................. H-19 Combining Statement of Cash Flows..... .................... ........... ....... ........... ...... .......... H-21 Schedule of Expenditures - Budget and Actual: Worker's Compensation Fund....................... ...................................................... ................. H-25 GroupInsurance Fund.................................................. ............ ..............._... ................ H-26 is Management Fund....... ......... ...__....... ...................... ..............._... ............. H-27 FleetManagement Fund..........._.........._............................................... ............................... H-28 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Fiduciary Funds Combining Balance Sheet............. ..............__............... ........ .................................. Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Expendable Trust Funds.... ............ ................... ...._........... ............................. .......... 1-3 Combining Statement of Changes in Assets and Liabilities -All Agency Funds......................... 1-4 Statements of Revenues, Expenditures and Changes in Fund Balance-Budget and Actual: Law Enforcement Trust ..... .............................................. ....... ...........................__........... 1-6 CourtFacility Fees................................................................ ............. ..................................._ 1-7 DrugAbuseTrust........................................................................................................................ 1-8 general Fixed Assets Account rou Schedule of General Fixed Assets by Source....................................... ..................... ...... ........ J-1 Schedule of General Fixed Assets by Function and Activity..................... ........... ................ J-2 Schedule of Changes in General Fixed Assets by Function and Activity.................................... J-4 Long-Term Qgbt Account group Schedule of Changes in General Long-Term Debt... ......... ........................................................ J-6 Revenue and and Revenue Refunding and Issues - Description........................................... J-7 A-3 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1999 TABLE OF PAGE Schedule of Debt Service Requirements..................................................................................... J-9 STATISTICAL —SECTION General Fund Statistical Data General Government Expenditures by Function.......................................................................... K-1 General Government Revenue by Source................................................................................... K-3 Tax Related Statistical Data Property Tax Levies and Collections........................................................................................... K-5 Assessed and Estimated Actual Value of Taxable Property........................................................ K-6 Property Value, Construction and Bank Deposits........................................................................ K-7 Property Tax Rates - Direct and Overlapping Governments....................................................... K-8 PrincipalTaxpayers..................................................................................................................... K-9 Debt Related Statistical Data Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita..................... K-1 0 Computation of Direct Underlying and Overlapping Debt............................................................ K-1 1 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Government Expenditures..................................................................................................................... K-12 Schedule of Revenue Bond Coverage - Municipal Service District- Waste................................ K-13 Qea9—raLSt-&9Ka1 Da ta Schedule of Insurance Companies.............................................................................................. K-14 Schedule of Insurance Agencies................................................................................................. K-1 5 Salaries and Surety Bonds of Principal Officials.......................................................................... K-16 Demographic Statistical Data...................................................................................................... K-1 7 Miscellaneous Statistical Data..................................................................................................... K-1 8 A-4 �U�a�J3�C91tgGF°t`9.e a 9®P COUN .&• BRANCH OFFICE CLERK OF THE CIRCUIT COURT BRANCH OFFICE 3117 OVERSEAS HIGHWAY MONROE COUNTY 88820 OVERSEAS HIGHWAY MARATHON,FLORIDA 33050 500 WHITEHEAD STREET PLANTATION KEY,FLORIDA 33070 TEL. (305)289-6027 KEY WEST,FLORIDA 33040 TEL.(305)852-7145 FAX(305)289-1745 TEL. (305)292-3550 FAX(305)852-7146 FAX(305)295-3660 March 27, 2000 The Honorable irley Freeman Chairman, o r of County Commissioners Monroe County, Florida Dear Mayor Freeman: It is our pleasure to present to you, the Board of County Commissioners and the citizens, the Monroe County, Florida ComprehensiveAnnual Financial Report ( ) for the fiscal year ended September 30, 1999. Thisreport was prepared by the FinanceDepartment of the Clerk f the Circuit Court. Responsibility for both the accuracy of the presentedt n the completeness n irn s of the presentation, including ll disclosures, rests with the Clerk of the Circuito s Chief Financial Officer of Monroe County. believe the data, s presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of its various funds, andthat all disclosures necessary to enable the reader to gain a comprehensive understanding of the County's financial activity have been included. The CAFRis designedto meet the needs of a wide range nci I statement users and i divided into three insections: introductory, financial and statistical. The introductory section consists oft is transmittal letter, the Table of Contents, the prior year's Certificate of Achieve- ment for Excellence in Financial Reporting, and Monroeunty's organizational chart. This section is designed to give the reader of the financial report somesic background about the County n its financial position. The financial section includes the general purpose, combin- ing n individual fund andaccount group financial statements and schedules, s well as the independent auditors' report. The statistical section includes a number of unaudited tables of to depicting the financial history of the County for the last ten fiscal years and other demographic information. This report includes II funs and account groups of Monroeoun nroCounty provides full range of services n is a non-charter county established under the Constitution and the laws of the State of Florida. For financial reporting pur os s, the County's reporting ntity consists o (1) the County as primary government, the Board of County Commissioners, the Sheriff, the Clerk of the Circuit Court, the Tax Collector, the Property Appraiser, and the Super- visor of Elections, (2) other entities, though legally separate, which are in substance, part of the primary government's operations and for which the primary government is financially account- able (blended component units), the Monroe County Comprehensive Plan Land Authority, and (3) other organizations which are financially accountable to the primary government, or whose relationship with the primary government is such that an exclusion would cause the reporting entity's financial statements to be misleading or incomplete (discrete component units), the Monroe County Housing Finance Authority. Discretely presented component units are reported in a separate column in the combined financial statements to emphasize that they are legally separate from the primary government and to differentiate their financial position, results of operations, and cash flows from those of the primary government. The Monroe County School Board and the Monroe County Mosquito Control District have not met the established criteria for inclusion in the reporting entity, and accordingly, are excluded from this report. The Board of County Commissioners is the legislative body for providing a wide range of services including roads, health and social services, emergency medical services, park and recreational services, solid waste services, airport services and other governmental services. The day-to-day operational direction of the County is the responsibility of the appointed County Administrator. The operation of other specific government functions resides with five Constitu- tional Officers. The specific functions are indicated by their titles. The elected positions are Clerk of the Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections, and Tax Collector. Under the direction of the Clerk of the Circuit Court, the Finance Department maintains the accounting system for the Board of County Commissioner's operations and the Clerk of the Circuit Court's operations, which is included in the Board of County Commissioner's General Fund. The Clerk of the Circuit Court's agency accounts, Property Appraiser, Sheriff, Super- visor of Elections, Tax Collector, Monroe County Comprehensive Plan Land Authority, a blended component unit, and the Monroe County Housing Finance Authority, a discrete component unit, maintain their own accounting systems. However, for purposes of this CAFR, the operations of the primary government and the component units, the Monroe County Comprehensive Plan Land Authority and the Monroe County Housing Finance Authority, have been presented. ECONOMIC CONDITION AND OUTLOOK Monroe County was constitutionally formed in 1823. It is comprised of a string of subtropical islands that stretch more than one hundred miles into the Atlantic Ocean. These islands are connected in 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. International and domestic tourism remains an important economic factor in Monroe County. The tropical climate together with the recreational water activities makes the Florida Keys and Key West a major tourist area. Tourist tax revenues continue to increase for Monroe County at A-6 $10,267,915 for Fiscal Year 1999. This represents a 2.2% increase from the prior fiscal year. Tourist taxes are collected by district, her are five such districts in Monroe County: Key West, Lower Keys, Marathon, Islamorada, and Key Largo. Further evidence of the importance of the tourist industry is that of the top ten taxpayers in Monroe County, nine are hotels. The County enjoys a very healthy unemployment rate of 2.3% at September 30, 1999 which is to the state and national rates of 4,0% and 4.2%, respectively. MAJOR INITIATIVES FOR THE YEAR: During fiscal year 1999, Monroe County continued with major efforts in a wide variety of areas, many of which had been previously started. One of those is continuing improvement oft budgeting process, including utilizing a performance measure approach. That process was started during the year and will be continued and strengthened in fiscal year 2000. use of many years of effort in improving the budget, the County received the nationally recognized budget award from the Government Finance Officers Association. The budget process included full cost allocation to identify the true cost of services and the initiation of a merit program designed to award those employees who were the most productive and to encourage increased efficiency and effectiveness. An attrition program that was begun at the end oft year was designed to provide an opportunity to reevaluate the manner in which work was assigned and to be one of many methods of reducing the work force in response to exist- ing and potential incorporations. Many of the major projects were continued or completed during the year. Notable among these is the Jackson Square project is is a multiyear improvement of the facilities that house primarily the Constitutional Officers and the courts. This multiyear project is designed to upgrade the facilities in the County seat and to make their operation more efficient and effec- tive. Work was begun on the Gato Building (Navy Commissary) which will be utilized partially for administrative offices. The primary utilization will be as a new home for the State Department of Health facilities and Social Services. This will return those extremely important services closer to where the needs are. Not only is the County utilizing its infrastructure sales tax funds on this project as on the Jackson Square project, it has also obtained funding for specialized historic preservation purposes. Work continued or was initiated on smaller projects. Included among these were work on Sheriff's substations and the Government Annex in Marathon. Steps were taken to prepare the Clerk's office of Marathon to undergo renovation. The renovation or was to take place at the Plantation Key courtrooms to upgrade those to a more usable condition. In the area of Public Safety, work continued on the Crawl Key it Training Facility and work was scheduled at the Marathon it Station. A-7 The Bayshore Manor home showed work scheduled for upgrades and a new fence around the facility. The County's aggressive culture and recreation program took steps forward with a variety of smaller projects at various sites including Bay Point Park, East Martello Towers and Higgs Beach. Re-roofing of the Islamorada library was scheduled as was work at Little Duck Key-Veterans Park and on the Marathon library roof. Planning was completed for the Marathon Community Park and the County entered the phase of obtaining permits. Even with the possi- bility of an incorporation, the County was committed to finishing phase one of the park which was anticipated to be about a $2 million undertaking, paid for mostly from the infrastructure sales tax. A major project was completed with the opening of the Key Largo Community Park. This total $4 million facility including acquisition costs is the largest and most well-equipped park in the Florida Keys. It instantly became a major attraction in the community. Overall for the year, the County budgeted in the infrastructure sales tax line over $9 million for general government projects, nearly $1 million for public safety projects, $640,000 for physical environment and human service projects and over $5 million for cultural and recreation projects. Additional funding for these came from various impact fee accounts and grants. Monroe County also had to undertake some specialized projects and deal with ongoing issues. During the year, there were continued adjustments to the previous year's incorporation of the Village of Islamorada. Losses of revenue caused adjustments to be made in the County's budget. In addition, the damage to canals from Hurricane Georges, Tropical Storm Mitch"and the current year's Hurricane Irene meant that the County had to respond to be of assistance to the citizens in those areas. Fortunately, the National Resource and Conservation Service (formerly the US Department of Agriculture) provided assistance in the form of grants. Not only was most of the canal work up and down the Keys completed during this year, the State also provided funding and the total came to about $11 million. The County's share of those funds (12 Y2%) came from the infrastructure sales tax program. In addition, along with the work planned on the new Marathon Community Park, the County undertook renovations on its marina immediately adjacent to the park. The work involved cleaning up and repairing the physical problems at the site and preparing the marina for further improvements and the hope for the development of a mooring field, a pump out facility, and improved water quality in Boot Key Harbor. Major steps forward were taken in the County's efforts to provide adequate wastewater treat- ment across the Keys. Enforcement proceeded for on-site systems that were inadequate while $4.3 million in federal funding moved forward the Little Venice project in Marathon. At the end of the year, that project was in design by the Florida Keys Aqueduct Authority and the County was reviewing the possibility of utilization of Marathon airport property for the plant. That possi- bility was later confirmed. A-8 her was also major advance in the Key Largo facility which will ultimately cover the entire island. A design/build/manage operation was considered and after the close of the year, a contractor was selected. THE FUTURE: Before discussing individual projects, it should be noted that there are a number of issues which will have long term impacts on Monroe County. First is the issue of incorporations. During this year, citizens in the Marathon area voted to form a new city. That, of course, takes away from Monroe County a variety of state shared revenues as well as a portion of the unincorporated tax base. Monroe County will vet undertake some major reorganiza- tion in the provision of services. One of the difficulties is that the new City of Marathon may wish to have contracts with the County for the continued provision of those services. Additionally, there are two proposed incorporations in the Lower Keys. If the state legislation passes in the current session, those votes will take place in November of 2000. It will be neces- sary for Monroe County to take a conservative approach in budgeting for fiscal year 2001 and to anticipate the potential reduction of state-shared revenues and loss of taxes. In fiscal year 2004, the County will come to the end oft infrastructure sales tax authority. For fifteen years, the funds from that tax have helped to pay for a wide variety of County property improvements. Near half of the total amount was utilized to pay off the bonds on a $30 million detention facility on Stock Island that was mandated by the federal court. The County will have utilized the funds well and lived up to its obligation. However, the County's needs are shifting away from government buildings, parks and other facilities. Now there is a major effort to improve the water quality in the Keys and to provide sewerage facilities and stormwater facilities. Estimates for the total build out of these facilities run anywhere from $500 million to $1 billion. Of course, it is expected that the federal govern- ment, the state government and user fees will help to defray much of this cost. However, it is necessary to continue to have a funding source that will help the County make major inroads into wastewater and stormwater projects as the master plans are completed and projects identified. For that reason, the Board of County Commissioners has recommended the continuation of the infrastructure sales tax with most of the funds going toward these purposes. That extension for another fifteen years addressing the water quality issues as well as some smaller amounts to other general needs will be on the ballot in March of 2000. The County will continue addressing major personnel issues through the merit and perform- ance evaluation programs and attrition. These were approved in the previous year by the Board of County Commissioners. Successes in the last year will be built on for,the coming year and will stabilize the ability of the County to predict each year how compensation will occur and what amounts will be needed. Major advances should be made during the year on the wastewater projects as identified in the previous section. There will be the selection of a design/build contractor fort Key Largo project which is estimated to serve nearly 12,000 housing units. In addition, as a result of Hurri- cane Georges and Tropical for Mitch, the County will be receiving out $23 million of funds A-9 from the Department of Housing and Urban Development through the Federal Emergency Management Agency to utilize in a variety of ways. The State of Florida identified that a primary need in the County was development of wastewater facilities. Therefore, approximately $7 million will go to the City of Key West to help with their wastewater problems and $10 million will stay in the County to address projects throughout the Keys. Through these efforts, other projects on Big Coppitt, Bay Point and Conch Key will be pursued in addition to the projects in Marathon and Key Largo mentioned previously. Progress will continue on the Jackson Square project and on the Gato Building. As of the development of this report, problems with contractors on both sides have slowed progress. However, plans are on their way to resolve any outstanding issues and the projects will move forward. There is a wide variety of smaller general government projects throughout the Keys including renovation of the Clerk's facility in Marathon. With the slow down of the Jackson Square contractor, the scheduled works on the new Judicial building may have to be moved forward. Work should proceed and hopefully be finished on the old Courthouse facility. Work will also continue on the Crawl Key Fire Training Facility and there will be major work done at the Conch Key Fire Station. Smaller projects are scheduled for Cudjoe Key Fire Rescue and the Marathon facilities. In this fiscal year, $2 million have been set aside from the infrastructure sales tax account for the purpose of supporting water quality projects. One million dollars is for working on major facilities and one million dollars to be of assistance with the on-site cesspit replacement program. One issue that has been outstanding is the establishment of a better facility for the state Health Department in the Upper Keys. For two to three years, the Health Department and County staff have been searching for an appropriate site. At present, it appears that the old Mariners Hospi- tal may be the best possibility. The Sheriff, utilizing part of the funds obtained from drug related arrests and prosecutions is proposing to buy the facility for approximately $1.9 million. The Health Department will provide $400,000 for renovations of its portion of the building and the County will provide another $400,000 out of the infrastructure sales tax. Work will continue on a variety of cultural and recreational facilities including Big Coppitt Key Park, Coco Plum Beach, East Martello Towers, Higgs Beach and a variety of continuing renovations at various libraries. The Marathon Community Park work will continue through the approximate $2 million project. Additional work will be done on the Wilhelmina Harvey Park. Work will also continue on the Marathon Marina with funds from the infrastructure sales tax providing additional improvements and upgrades. Work will also continue off of Duck Key for the Natural Resource and Conservation Service funded cleanup after the hurricanes and tropical storms. A-10 Monroe County will continue its annual program fort maintenance and improvement of roads, bridges and bike paths. It is estimated that approximately $9 million will be expended for these projects with costs coming from transportation impact fees, gas tax revenue, and card sound road toll revenues. DEPARTMENT FOCUS: MONROE COUNTY VETERANS AFFAIRS DEPARTMENT The mission of Monroe County Veterans Affairs Department is to assist all veterans, their dependents and survivors in preparing claims and securing benefits to which they are entitled. This department has eleven budgeted positions, with two positions in vacant at this time. The three Veterans Affairs offices are located in Key West, Marathon and Plantation Key. Having three locations enables us to serve the entire veteran population of the Florida Keys. Monroe County Veteran Service Officers, (CVSO) must deal with a myriad of complex legal issues from the State and Federal levels. Federal laws and regulations are constantly in modified. All CVSO's must be cognizant of any changes in the laws, which may effect the entitlements or benefits of veterans and their dependents. All Monroe County CVSO's are accredited at both the State and National level is makes Monroe County the only county within the State of Florida to have all of it's CVSO's accredited in such a manner. CVSO's review facts, assemble pertinent data and develop claims which are adjudicated by the Veter- ans Administration. In some cases, when a claim is denied by the VA, the CVSO must file and appeaI with the or of Veterans Appeals and/or Court of Veterans Appeals. Beyond the normal requests for information and assistance, the CVSO's are often called upon to deal with homeless and elderly veterans, veterans incurring psychological/mental disorders, Post Traumatic Stress Disorder, Radiation & Agent Orange related medical conditions. CVSO's make frequent field visits/house calls for those that are unable to come to the office due to health problems or advanced age. The Veterans Affairs Transportation Program provides transportation to veterans needing health care at the Veterans Hospital in Miami, Florida. It also provides transportation to the elderly and disabled who cannot drive or unable to or or provide for their own transportation tot Miami area health care centers. Of course, this is on a limited basis as the veterans have priority. The Transportation Program consists of two sixteen (16) passenger vans, one houses a wheelchair lift. The department must schedule drivers, and vans it coordinating health care and appointments for those inneed. In FY 99 the Monroe County Veterans Affairs Department achieved the following goals: 1. Instrumental in the acquisition of a $341,800 Grant from the Department of Veterans Affairs resulting in the creation of transitional housing for homeless veterans and the renovation of 1610 Truesdale Court, Poinciana Plaza, Key West. A-1 1 2. Additional 1999 revenue brought into Monroe County amounted to $1,037,453.00 based on claims submitted by the-Veterans Affairs Department. 3. A new VA Outpatient Medical Clinic co-located with the Naval Hospital. 4. The expansion of the Key Largo Outpatient Medical Clinic from a part-time temporary clinic to a permanent full-time outpatient clinic. 5. VA replacement of two high mileage vans with two(2) new 2000 vans in support of Monroe County's Veterans Affairs Transportation Program. 6. The Department assisted 25,366 clients. 7. The Department transported 3,006 clients to the Miami VA Medical Center as well as to other major medical facilities in the Miami area. In FY 2000 the department is focusing on maintaining and/or increasing regularly scheduled visits of medical specialists from Miami to both Monroe County VA Outpatient Clinics. We will work on obtaining a 24-passenger van with support of the Miami VA Hospital, thereby increas- ing our client capacity. We will also work closely with the Key West VA Outpatient Clinic in obtaining an additional physician for the Key West VA Outpatient Clinic. INTERNAL CONTROL STRUCTURE The internal control structure is designed to ensure that the assets of the County are protected from loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met for both internal and external reporting purposes. The Clerk of the Circuit Court maintains an Internal Audit Department. This Department performs financial and compliance audits for the Clerk of the Circuit Court and the Board of County Commissioners. The main functions of the Internal Audit Division are to evaluate the internal accounting controls, ensure compliance with existing laws and regulations within the County's accounting system, and make recommendations to management for improvement. This evaluation provides management with the assurance that their financial resources are being properly recorded and adequately safeguarded. GENERAL GOVERNMENT Total primary general government revenues collected by Monroe County during the past year amounted to $176 million. This amount includes revenues of the General, Special Revenue, Debt Service, Capital Projects, and Fiduciary Fund Types, but does not include collections from the Proprietary Funds or the Monroe County Housing Finance Authority, a discrete component unit. The graph on the following page illustrates a ten-year history of Monroe County's primary A-12 general government revenues. Taxes of $80.7 billion comprised Monroe County, Florida the largest general government General v rn ent Revenues revenue source. The second 200 largest revenue category is inter- 150 160 governmental revenues, which 0 includes various federal and state 140 shared revenues and grants 100 amounting to $43.9 million. Fines 60 and forfeitures comprise the third 4 00 largest revenue source at $28.6 0 2 million. The remaining primary a '90 '91 '9 '9 '94 '95 ' ' 7 '96 '9 general government revenues are Fiscal Year composed of $8.6 million for charges for services, million Fines Miscellaneous saxes Charges = Intergovernmental for investment income, 4. million for miscellaneous revenues, and .1 million for licenses and permits. For graphic purposes miscellaneous revenues are shown to include licenses and permits and investment income. The chart below represents a summary of General, Special Revenue, Debt Service, Capital Projects, and Fiduciary Fund revenues for the fiscal years ended September 30, 1999 and 1998, and the amount of increases and decreases in relation to prior year revenues. Amount of Percentage Percentage Revenue Source 1999 1993 Increase of Total of Total Dollars in Thousands (Decrease) 1999 19 Taxes 80,718 62,051 (1,33) 45.86 6.24 Licenses & Permits 2,126 2,26 (170) 1.21 1.63 Intergovernmental F 43,887 3 ,62 10, 35 24. 3 2189 Charges for Services 8,565 3,751 (1 6) 4.67 6. 1 Fines & Forfeiture 28,632 3,095 2 ,57 16.27 2.20 Investment Income 7,220 7,526 ( 03) 4.10 5.34 Miscellaneous 4,858 3,505 1, 3 2.76 2.49 Total 176,006 140,678 35,126 100,00 100,00 Fines and forfeitures increased by 72%. Ninety-seven percent of that increase or $24.9 million is directly attributed to a Federal Equitable Sharing Agreement obtained by theSheriff's Department. o e of the uses of the funds received are for law enforcement training, equip- ment, and facilities as well as drug education and awareness programs. ®13 The chart below represents a summary of General, Special Revenue, Debt Service, Capital Projects and Fiduciary Fund expenditures for the fiscal years ended September 30, 1999 and 1998, and the amount of increases and decreases in relation to prior year expenditures. Amount of Percentage Percentage =Expenditure Function 1999 1998 Increase of Total of Total Dollars in Thousands (Decrease) 1999 1998 General Government 27,485 21,004 6,481 19.59 17.45 Public Safety 65,102 56,692 8,410 46.41 47.10 Physical Environment 2,174 2,300 (126) 1.55 1.91 Transportation 5,762 4,508 1,254 4.11 3.75 Economic Environment 11,686 10,748 938 &33 8.93 Human Services 6,304 6,238 66 4.49 5.18 Culture & Recreation 4,726 3,720 1,006 3.37 3.09 Court Related 00 6,615 (5,715) 0.64 5.50 Debt Service 11,576 5,866 5,710 8.25 4.87 Capital Outlay 4,573 2,674 1,899 3.26 2.22 Total 140,288 120,365 19,923 100. 0 100.00 The two largest functions are Public Safety and General Government. Sixty-five percent of the primary public safety expenditures are related tot Sheriff's Department. The Sheriff Depart- ment's General Fund expended $29.5 million and $9.6 million is directly attributed to the federal High Intensity Drug Trafficking Area grants. General government expenditures greater than $3 million are as follows: Florida Communities Trust-ROGO at $6.1 million; public works facilities maintenance at $3.8 million; Monroe County, Florida and the Monroe County Comprehen- Total General Government Expenditures slue Land Authority at $3.2 million. FY 1999 The graph tothe left depicts the propor- 0 General tion of general government expendit- 1.0% 830/(0 Government ures attributable to the various sources. 3.4% 22.9% iiii Public Safety 4.0% Ei Physical Environment 8.3% Wd Transportation Primary government expenditures for W Economic all fund types, including the Govern- Environment 4.1% W Human mental Funds previously listed as well 1.6% J Services as the Proprietary Funds, amounted to Culture& Recreation $204,548,038, is represents an 46.4% 9 Court Related D Debt Service increase of over $49.3 million or 31.8% from the previous fiscal year. Sixty percent or $29.6 million is directly attributable to the Municipal Service District Enterprise Fund for Hurricane Georges and Tropical for Mitch debris removal total- ling $27.1 million and $2.5 million respectively. A-14 ENTERPRISE FUNDS Enterprise Funds are established to finance and account for the acquisition, operation and maintenance of facilities and services which are intended to be entirely or predominantly self- supporting through the collection of charges from users, or for which the periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital mainte- nance, public policy or other purposes. The County maintains four enterprise funds as follows: MUNICIPAL SERVICE DISTRICTWASTE - This fund accounts for the County's sanitary waste collection, disposal, and recycling activities, as well as the closure and post closure of the landfills. Operating grant income was $26 million attributed largely to Hurricane Georges and Tropical for Mitch for debris removal. In addition, a transfer of $3.56 million was received from the One Cent Infrastructure Surtax to offset a large portion of Monroe County's match requirements on the FEMA grants. The fund reported a net loss of $771,043 in Fiscal Year 1999, compared to a net income of $72,479 in Fiscal Year 1998. CARD SOUND BRIDGE - This fund accounts fort operations of the County's toll bridge. Operating revenues and expenditures generated during the fiscal year amounted to $1,173,588 and $691,755, respectively. MARATHON AIRPORT - This fund accounts for the operations of the Marathon Airport. Net loss for the current fiscal year amounted to $752,945, compared to a net income in the prior fiscal year of$283,076. KEY WEST INTERNATIONAL AIRPORT - This fund accounts for the operations of the Key West International Airport. The fund reported a net income of $776,808 in Fiscal Year 1999, compared to a net income of$402,969 in Fiscal Year 1998. FIDUCIARY FUNDS The County maintains four agency and four expendable trust funds. Fiduciary Funds are established to account for assets held by the County in a trustee capacity or as an agent for individuals, private organizations, other government units, or other funds. The total assets of the Fiduciary Funds were $7,771,618 as of September 30, 1999. The two largest ofthe funds are the Clerk's General Agency and the Tax Collector's Property Tax. GENERAL FIXED ASSETS The general fixed assets oft County are those fixed assets used in the performance of general governmental functions, and they exclude the fixed assets of Proprietary Funds. As of September 30, 1999, the general fixed assets of the County amounted to $154,554,533. This amount represents the original cost of the assets and bears no relationship to their present value. There was a 9.9% increase from the prior fiscal year. Depreciation of general fixed assets is not recognized in the County's accounting system in accordance with Governmental Accounting Practices. A-15 DEBT ADMINISTRATION The County's debt is comprised primarily of the unpaid balance of the Sales Tax Partial Refunding Revenue Bonds-Series 1998. These bonds were issued mainly to finance the Monroe County Detention Facility. The Refunding Improvement Revenue Bonds-Series 1993(83) were retired on July 1, 1999. CASH MANAGEMENT The Finance Department monitors the cash flow needs of the Board of County Commissioners on a daily basis in accordance with the written investment policy. All operating funds in excess of daily cash flow needs are deposited with the Local Government Surplus Funds Trust Fund under the management of the Florida State Board of Administration. This investment opportu- nity provides the County with extremely liquid funds, which are retrievable from investment within twenty-four hours. The Board of County Commissioners pools cash and cash equivalents of the County, excluding those funds held and accounted for by the separate Constitutional Officers, those requiring or benefiting by separate investment, and those with legal requirements. This gives the County the ability to maximize its yield on the short-term investment of cash, increasing its income accordingly. The County generated $8,668,419 in investment income during the current fiscal year. RISK MANAGEMENT The County's assets are protected through the risk management program developed and managed by the Risk Management Section of the Human Resources Department. They administer insurance activities relating to fleet auto liability, general liability, and public official liability. Additionally, the County, managed by the Employee Benefit Section, maintains a Worker's Compensation and Group Insurance Internal Service Fund. Under these programs, all County employees, as well as the employees of the Constitutional Officers, are provided a comprehensive health care plan and term life insurance coverage as well as a worker's compensation program. Funding for these programs is generated by charges to the operating departments based on management's annual estimates of claim loss and operating costs. BUDGETARY CONTROL Budgets for the Property Appraiser and the Tax Collector are approved by the Florida Depart- ment of Revenue and are adopted as part of the General Fund by the Board of County Commissioners. The Sheriff, Supervisor of Elections, and Clerk of the Circuit Court prepare their budgets which are submitted to and approved by the Board. Formal budgetary integration is employed as a management control device during the year for all fund types except as noted in the Notes to the General Purpose Financial Statements. Monroe County follows the laws of Florida regarding the control, adoption, and amendment of A-16 the budget during each fiscal year; in addition the County Commission increases the level of budgetary control because they approve ail cost center, budgetary changes by resolution. As an additional control, the County employs an encumbrance system which reduces available appropriations in governmental funds upon the issuance of purchase orders, contracts, or other forms or legal commitments. Encumbrances at year end do not constitute expenditures or liabilities. They are accounted for as a reservation of fund balance in the year the commitment is made. While appropriations lapse at the end of the fiscal year, the succeeding year's budget resolution provides for the reappropriation of year-end encumbrances. INDEPENDENT AUDIT Chapter 11.45 of the Florida Statutes requires an independent certified public accountant's financial audit of counties in the State. This requirement has been met for the fiscal year ending on September 30, 1999. The opinion oft auditors has been included in this report, aIon g with the auditor's report, on the general purpose financial statements and combining and individual fund statements and schedules is included in the financial section of this report. In addition to meeting the requirements set forth in State Statutes, the audit also was designed to meet the requirements of the Federal Single Audit Act of 1984 and related OMB Circular A-133. The single audit report is separately bound and not included as a part of this reporL CERTIFICATE OF ACHIEVEMENT The Government Finance Officers Association oft 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, 1998. This was the eleventh consecutive year that the government has achieved this prestig- ious award. 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 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 submifting it to the GFOA to determine its eligibility for another certificate. ACKNOWLEDGMENT This report is prepared by the Finance Department under the direction of the Clerk of the Circuit Court of Monroe County as Auditor and Chief Financial Officer tot Board of County Commissioners. This team is commended for their diligence and dedication tote project. Lisa Albury, Sal Zappulla, Laura DeLoach-Hartle, and Salome McIntosh were especially committed to the accuracy and timely completion of this report. A-1 7 Our appreciation also goes to the County's independent auditors, Kemp & Green, P.A. Their cooperation and dedication substantially assists in the preparation of this report. We also wish to express our thanks to the Monroe County Constitutional Officers, Sheriff Richard Roth; Tax Collector Harry Knight; Property Appraiser Ervin Higgs and Supervisor of Elections Harry Sawyer. Particular recognition is due the County Administrator, James Roberts, for his contribution of the major initiative section of this transmittal letter and the Veter- ans Affairs Department for contributing the departmental focus. In addition, appreciation is extended to all County employees who have made contributions to this report. Our thanks also go to the component units, Monroe County Comprehensive Plan Land Author- ity and the Monroe County Housing Finance Authority, as well as to the Monroe County Housing Finance Authority's independent auditor, Peter Rosasco, CPA, for his efforts in provid- ing information. In closing, the preparers of this report would especially like to thank the County Commissioners for their interest and support throughout the year in matters pertaining to the financial opera- tions of the County. We thank you and the citizens of Monroe County for the vital role you have played in enabling Monroe County to achieve and maintain a high degree of fiscal responsibility. Thanks to Mayor Shirley Freeman, Commissioner Wilhelmina Harvey, Commis- sioner George Neugent, Commissioner Nora Williams and Commissioner Mary Kay Reich. We believe that this report reflects the strong financial health of Monroe County and we submit it to you with pride. Sincerely, Danny L. Ko ?ge4 Sandra Carlile Clerk of the Circuit Court Finance Director and Chief Financial Officer A-18 G T.1 ��$.4. i�� .1 , f �- .� ti'6 Da�S ,i�r :.�,A�. t n�,� �:_ 1?�3' -.M1 .1R•A Certificate Achievement for Excellence in Financial Reportiong Presented Monroe County, Florida r its Comprehensivel Financial Report for the Fiscal Year Ended sSeptember A Certificate of Achievement for Excellence in Phancial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government its and public employee retirement systems whose comprehensive annual financial reports ( A s) achieve the highest standards in government accounting d financial reporting. srA 6—� CNM President F` Executive Director A-19 oz-e w �r. w 9g Ct,$ oa W om go Od ivo � Q 5 cr y ? C J o= o z Is j--a off$ c 20�' zOo w0 m w- a -rc j �S cc Da O S _ aim om O m L 0 FO [A r �� y C O Z Z z J a wa dg z oaf - w s g0� ed WESZ Lo CL U �z w Um �+ $o m S cooN m Na •�C� x oZ�o W, m N ° mo � E g a� o Z 4mW OQ w o � Wsc uj -iyo Y$ who ¢_ L°pi p SS z Q o q �✓ w w Q SD7 9 a C LL w - QS F- Ua b > U,3a U. Cx`Jb aS E V O� o� w zrd Ya w x y, d o " w W � m z e H! o� �d a Qmb �2 mm o� ¢ E g W a cNi �o oi'i OtA ww $� o wsa w LL Ix Y� �� OF N � w (n �g& Y QU QUQO•, °m€ oaa gNE w in W Lo _ o 2Co $N 2 U KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEL` DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT Board of County Commissioners Monroe County, Florida We have audited the accompanying general -purpose financial statements of Monroe County, Florida (the "County") as of September 30, 1999 and for the year then ended as listed in the table of contents. These general -purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these general -purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government 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 general -purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general -purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general -purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general -purpose financial statements referred to above present fairly, in all material respects, the financial position of the County as of September 30, 1999, and the results of its operations and the cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Our audit was made primarily for the purpose of forming an opinion on the general -purpose financial statements taken as a whole. The combining and individual fund and account group financial statements and schedules listed in the table of contents, which are also the responsibility of the management of the County, are presented for purposes of additional analysis and are not a B-1 required part of the general -purpose financial statements. Such additional information has been subjected to the auditing procedures applied in the audit of the general -purpose financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the general - purpose financial statements taken as a whole. The statistical data referred to in the table of contents is presented for the purposes of additional analysis and is not a required part of the general -purpose financial statements of Monroe County. Such additional information has not been subjected to the auditing procedures applied in the audit of the general - purpose financial statements and, accordingly, we express no opinion on it. In accordance with Government Auditing Standards, we have also issued a report dated March 10, 2000 on our consideration of the County's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. Kou,_,r , VA- Kemp & Green, P.A. Certified Public Accountants March 10, 2000 B-2 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. C. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSMUTE WM. 0. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of County Commissioners Monroe County, Florida We have audited the general -purpose financial statements of Monroe County, Florida (the "County") as of and for the year ended September 30, 1999, and have issued our report thereon dated March 10, 2000. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the County's general - purpose financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of general -purpose 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 that are required to be reported under Government Auditing Standards. Internal Control Over Financial—Reporting In planning and performing our audit, we considered the County's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the general -purpose financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that B-3 misstatements in amounts that would be material in relation to the general - purpose financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we considered to be material weaknesses. This report is intended for the information of the Board of County Commissioners, management, and federal awarding agencies and pass-through entities. However, this report is a matter of public record and its distribution is not limited. on- Kemp & Green, P.A. Certified Public Accountants March 10, 2000 B•4 9EMERALEUN2 The General Fund is the general operating fund of the County. It is used to account for all financial resources except for those required to be accounted for in another fund. The General Fund has a greater number and variety of revenue sources than any other fund, and its resources finance a wider range of activities. The resources of the General Fund are ordinarily largely expended and replenished on an annual basis. SPECIAL REVENUE FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted by law or administrative action for specific purposes. DEBT SERVICE FUNDS The Debt Service Funds are used to account for the payment of principal, interest and expenditures on long-term debt other than debt payable from the operations of Proprietary Funds. CAPITALERQAECTS FUNDS The Capital Projects Funds are used to account for financial resources segregated for the acquisition or construction of major capital facilities other than those financed by Proprietary operations. ENTERPRISE FUNDS The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. INTERNAL SERVILDE FLJNDS The Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the County, or to other governments, on a cost-reimbursement basis, FIDUCIARY,FU NQ9i The Trust and Agency Funds are used to account for the assets held by the County as trustee or agent for individuals, private organizations, and other governments. GENERAL FIXED AS$ETS The General Fixed Assets Account Group is used to account for those assets used in the performance of general governmental functions and excludes the fixed assets of Proprietary Funds. GENERAL LONG-TERM DEBT The General Long-Term Debt Account Group is used to account for the County's liability for special revenue bonds and other general long-term obligations, which are not obligations of the Proprietary Funds. MONROE COUNTY, FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES, ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT SEPTEMBER 30, 1999 PROPRIETARY GOVERNMENTAL FUND TYPES FUND TYPES Special Debt Capital _General Revenue Service Projects Enterprise ASSETS AND OTHER DEBITS � -- Assets: Cash and Cash Equivalents $ 22,306,329 $ 107,381,822 $ -- $ 29,385,967 $ 13,205,480 Investments 3,312,550 -- -- -- -- Accounts Receivable: Delinquent Waste Collection Fees -- -- -- -- 736,935 Allowance for Uncollectible Waste Collection Fees -- -- -- -- (685,989) Other 418,105 2,725,591 -- 10,448 703,623 Allowance for Other Uncollectible (203,778) (2,302,245) -- -- (52,678) Mortgages/Notes Receivable -- 2,591,891 -- -- -- Allowance for Mortgage Receivable -- (387,274) -- -- -- Inventory 10,391 -- -- -- -- Inventory of Land for Resale -- 10,446,947 -- -- Due from Other Funds 1,513,209 1,912,523 -- 1,363,922 1,284,170 Due from Other Governmental Units 4,423,845 6,469,936 -- 1,556,098 10,162,600 Interest Receivable -- 35,391 -- -- -- Restricted Assets: Cash and Cash Equivalents -- -- 1,064,329 -- 6,144,530 Interest Receivable -- -- 241 -- -- Property, (Net,Where Applicable of Accumulated Depreciation) -- -- -- -- 24,472,976 Deferred Charges(Net) -- -- -- -- 201,185 Other Debits: Amount Available for Debt Service -- -- -- -- -- Amount to be Provided for Retire- ment of General Long-Term Debt -- -- -- -- -- Total Assets and Other Debits $ 31,780,651 $ 128,874,582 $ 1,064,570 $ 32,316,435 $ 56,172,832 C-1 TOTAL TOTAL PROPRIETARY FIDUCIARY PRIMARY COMPONENT REPORTING FUND TYPES FUND TYPES ACCOUNT GROUPS GOVERNMENT UNIT ENTITY ............ General General Housing Internal Trust Fixed Long-Term Memorandum Finance Memorandum Service &Agency Assets Debt Only Authority Only 11,063,262 $ 7,412,643 190,755,503 220,492 190,975,995 3,312,550 3,312,550 736,935 736,935 (685,989) (685,989) 70,309 28,950 3,957,026 4,344 3,961,370 (2,558,701) (2,558,701) 2,591,891 2,591,891 (387,274) (387,274) 10,391 10:391 10,446,947 10,446,947 234,569 6,308,393 6,308,393 59,588 330,025 23,002,092 5,269 23,007,361 35,391 35,391 7,208,859 7,208,859 241 241 2,225,343 154,554,533 181,252,852 1,184,104 182,436,956 201,185 201,185 629,495 629,495 629,495 30,714,338 30,714,338 1,178,132 31,892,470 13,653,071 $ 7,171,618 $ 154,554,533 $ 31,343,833 $ 457,532,125 $ 2,592,341 $ 460,124,466 The notes to the financial statements are an integral part of these statements. C-2 (Continued) MONROE COUNTY, FLORIDA COMBINED BALANCE SHEET-CONTINUED ALL FUND TYPES, ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT SEPTEMBER 30, 1999 PROPRIETARY GOVERNMENTAL FUND TYPES FUND TYPES Special Debt Capital _ General _ Revenue _ Service Projects Enterprise LIABILITIES, FUND EQUITY AND OTHER CREDITS Liabilities: Accounts Payable $ 1,207,696 $ 5,590,372 $ -- $ 691,897 $ 6,039,798 Retainage Payable -- 126,891 -- 310,051 173,967 Claims and Judgements Payable -- -- -- -- 216,608 Due to Others -- -- -- -- -- Due to Other Funds 1,203,494 2,356,644 -- 879,925 619,017 Due to Other Governmental Units 3,460,709 1,173,597 -- -- 172,415 Accrued Comp.Absences Pyble 24,353 41,973 -- 1,362 29,472 Accrued Wages and Benefits Pyble 2,282,273 753,732 -- 18,229 109,236 Deposits in Escrow 73,888 1,380 -- 8,875 76,250 Deferred Revenues -- 3,611,806 - -- 742,876 Capital Leases Payable -- -- - -- 175,252 Payable from Restricted Assets: Accrued Interest Payable -- -- 435,075 -- 246,644 Revenue Bonds Payable-Current -- -- -- -- 405,000 Landfill Closure/Post Closure Costs -- -- -- -- 323,492 Due to Other Funds -- -- -- -- 150,000 Other Current Liabilities 4,006 2,128 -- -- 2,049 Long-Term Debt -- -- - -- 8,609,801 Total Liabilities 8,256,419 13,658,523 435,075 1,910,339 18,091,877 Fund Equity and Other Credits: Investment in General Fixed Assets -- -- -- -- -- Contributed Capital -- -- -- -- 17,023,362 Retained Earnings: Reserved for Rev. Bond Retirement -- -- -- -- 1,765,674 Unreserved -- -- -- -- 19,291,919 Fund Balances: Reserved for Encumbrances 93,735 376,545 -- 43,521 -- Reserved for Trust Fund Purposes -- -- -- -- -- Reserved for Land Acquisition -- 1,991,672 -- -- -- Reserved for Inventory -- 10,446,947 -- -- -- Reserved for Mortgage Loans -- 492,214 -- -- -- Reserved for Debt Service -- -- 629,495 -- -- Reserved for Loans to Other Govts -- - -- -- -- Reserved for Replacements -- -- -- -- -- Reserved for Little Venice 1,100,000 -- -- -- -- Unreserved, Designated for Beaches -- 641,662 -- -- -- Unreserved, Undesignated 22,330,497 101,267,019 -- 30,362,575 -- Total Fund Equity and Other Credits 23,524,232 115,216,059 629,495 30,406,096 38,080,955 Total Liabilities, Fund Equity and Other Credits $ 31,780,651 $ 128,874,582 $ 1,064,570 $ 32,316,435 $ 56,172,832 C-3 r~ ~� TOTAL TOTAL PROPRIETARY FIDUCIARY PRIMARY COMPONENT REPORTING FUND TYPES FUND TYPES ACCOUNT GROUPS GOVERNMENT UNIT ENTITY General Gener-al Housing Internal Trust Fixed Long-Term Memorandum Finance Memorandum Service &Agency Assets Debt «�m| AuthorityOnly $ 258.748 1.747 $ - * - $ 13.788.258 * 10.805 $ 13.799.123 - - - - 610.809 - 610.909 4.646.966 - - - 4.863.574 - 4.863.574 - 1.848.148 - - 1.948.149 - 1.948.149 1.096.343 3.970 - - 6.158.893 - 6.158.383 38.704 4'682.360 - - 9.527.705 - 8.527.785 -' 15.142 - - - 112.302 - 112.302 58.504 - - - 3.221.974 - 3.221.974 - - - - 160.393 4.004 164.397 798.802 - - - 5.153.564 - 5.153.564 -- - - - - 175.252 - 175.252 - - - - 681.719 - 681,719 - - - - 405.000 - 405.000 -- - - - - 323.492 - 323.492 - - - - 150.000 - 150.000 5.150 - - - 13.333 - 13.333 84.510 - - 31.343.833 40.038.144 1.178.132 41.216.278 6.999.949 6.636.226 - 31.343.833 87.332.241 1,193.001 88.525.242 , - - 154.554.533 - 154.554.533 1.184.184 155.738.637 2.676'778 - - - 19.700.140 - 19.700.140 ' - - - - 1.705,674 - 1.785.874 3.976.344 - - - 23.268.263 - 23.288.283 - - - - 513.801 - 513.801 -` - 1.135.392 - - 1.135.392 - 1.135.392 - - - - 1'991.672 - 1.991.672 - - - - 10.440.047 - 10.446.947 - - - - 492.214 - 492.214 ` - - - - 629.495 - 620.495 - - - - - 45.000 45.000 - - - - - 9.028 9,026 ` - - - - 1.100.000 - 1.100.000 - - - - 641.662 - 641.062 - - - - 153.960.091 161.210 154.121.301 , 6.653.122 1.135.392 i�4.��4.�33 - 370.199.884 1.399.348 371.599.224 $ 13,653,071 $ 7,771,618 $ 154554533 $ 31,343,833 $ 457,532,125 $ 2592341 $ 400124486 ` ` The notes hmthe financial statements are an integral part of these statements. MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES, EXPENDABLE TRUST FUNDS AND DISCRETELY PRESENTED COMPONENT UNIT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects ------ ---------- ----- Revenues: Taxes $ 15,082,995 $ 52,638,141 $ -- $ 12,996,907 Licenses&Permits 486,380 1,639,149 -- -- Intergovernmental 10,917,056 32,260,071 675,000 -- Charges for Services 3,258,460 5,194,121 -- 60,000 Fines&Forfeitures 10,961 27,838,209 -- -- Investment Income 1,354,887 4,323,998 56,989 1,429,377 Miscellaneous 359,921 4,240,057 -- 15,016 Total Revenues 31,470,660 128,133,746 731,989 14,501,300 Expenditures: Current: General Government 16,097,712 11,387,786 -- -- Public Safety 30,790,163 33,081,883 -- -- Physical Environment 250,825 1,923,302 -- -- Transportation 29,850 5,732,180 -- -- Economic Environment 384,431 11,301,928 -- -- Human Services 3,255,506 3,048,236 -- -- Culture and Recreation 2,282,571 2,442,860 -- -- Court Related 5,984,901 872,097 -- Debt Service 27,700 37,109 5,554,147 -- Capital Outlay -- -- -- 4,572,885 Total Expenditures 59,103,659 69,827,381 5,554,147 4,572,885 Excess of Revenues Over/ (Under)Expenditures (27,632,999) 58,306,365 (4,822,158) 9,928,415 Other Financing Sources/(Uses): Operating Transfers from Other Funds 33,068,991 2,026,727 4,156,256 1,564,309 Operating Transfers to Other Funds (2,772,954) (31,812,737) -- (8,892,058) Capital Lease Acquisition -- 19,616 -- -- Debt Proceeds -- -- -- 450,000 Total Other Financing Sources/(Uses) 30,296,037 (29,766,394) 4,156,256 (6,877,749) Excess of Revenues and Other Sources Over/(Under)Expenditures&Other Uses 2,663,038 28,539,971 (665,902) 3,050,666 Fund Balance, October 1, 1998 21,463,502 86,073,780 1,295,397 27,355,430 Residual Equity Transfer In 14 614,400 -- -- Residual Equity Transfer Out (602,322) (12,092) -- -- Fund Balance, September 30, 1999 $ 23 524,232 $— 115,216,059 $ _._.... 629 495 $ 30,406,096_ C-5 _ _- -� TOTAL TOTAL FIDUCIARY PRIMARY COMPONENT REPORTING FUND TYPES GOVERNMENT UNIT ENTITY —` Housing Expendable Memorandum Finance Memorandum Trust (J�{ _Authority On! $ — � 80.778.043 80.718.043 — 2.125.529 — 2.125.529 35.286 43.887.413 10.194 43.897.607 —` 52.250 8.564.837 — 8.584.837 782.449 28.831.019 — 28.831.619 55.071 7.220.322 4.512 7.224.834 243413 4858407 104223 4962630 1,168,475 176,006,170 118,929 176,125,099 — 27.4d5.4Q8 120.387 27.805.885 1.230'145 85.102.181 — 65.102.191 —` — 2.174.127 — 2.174.127 — 5.702.030 — 5.762.030 — 11.686.359 — 11.680.359 -_ — 8.303.742 — 6.303.742 — 4.725.431 — 4.725.431 — 8.856.998 — 0.866.998 — 5.618.858 — 5.618.956 ` — 4572885 — 4572885 1230145 140288217 120387 140408604 35717953 35716495 —` — 40.818.283 — 40.816.283 — (43.477,749) — (43.477.749 —` — 19.616 — 19.618 — 450000 — 450000 — — _ K51,678 33.528.103 (1,458) 33.524.645 -` 1.197.062 137.385.171 216.084 137.601.885 — 614.414 — 614/414 -� _ — (614,414 � 1,135,392 $ 170,911,274 $ 215,236 $ -1 The notes to the financial statements are an integral part of these statements C'O MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 GENERAL FUND Variance Favorable Budget _ Actual (Unfavorable) Revenues: Taxes $ 14,990,516 $ 15,082,995 $ 92,479 Licenses&Permits 200,000 486,380 286,380 Intergovernmental 7,905,100 10,917,056 3,011,956 Charges for Services 2,507,560 3,296,539 788,979 Fines&Forfeitures 228,500 10,961 (217,539) Investment Income 755,000 1,354,887 599,887 Miscellaneous 146,908 359,921 213,013 Total Revenues 26,733,584 31,508,739 4,775,155 Expenditures: Current: General Government 17,323,991 16,138,077 1,185,914 Public Safety 31,645,156 30,790,163 854,993 Physical Environment 266,323 250,825 15,498 Transportation 91,050 29,850 61,200 Economic Environment 402,445 384,431 18,014 Human Services 3,862,638 3,255,506 607,132 Culture and Recreation 2,442,276 2,282,571 159,705 Court Related 6,312,407 5,984,901 327,506 Debt Service -- 27,700 (27,700) Total Expenditures 62,346,286 59,144,024 3,202,262 Excess of Revenues Over/(Under)Expenditures (35,612,702) (27,635,285) 7,977,417 Other Financing Sources/(Uses): Reserve for Contingencies (1,109,487) -- 1,109,487 Operating Transfers from Other Funds 33,777,614 33,068,991 (708,623) Operating Transfers to Other Funds (3,960,991) (2,772,954) 1,188,037 Capital Lease Acquisition -- -- - Debt Proceeds -- -- Total Other Financing Sources/(Uses) 28,707,136 30,296,037 1,588,901 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-Budgetary Basis (6,905,566) 2,660,752 9,566,318 Total Adjustments -- 2,286 2,286 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-GAAP Basis (6,905,566) 2,663,038 9,868,604 Fund Balance, October 1, 1998 21,463,502 21,463,502 -- Residual Equity Transfer In -- 14 14 Residual Equity Transfer Out -- (602,322) (602,322) Fund Balance, September 30, 1999 $ 14,557,936 $ 23,524,232 $ 8,966,296 C-7 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) 54,363,026 $ 52,638,141 (1,724,885) $ $ 968,000 1,639,149 671,149 -- -- 35,663,881 30,458,622 (5,205,259) 898,250 675,000 (223,250) 3,910,045 5,194,121 1,284,076 -- -- 26,419,335 26,992,905 573,570 -- 1,881,461 4,320,283 2,438,822 125,000 56,989 (68,011) 3,985,626 4,240,057 254,431 — .. .......... 127,191,374 125,483,278 (1,708,096) 1,023,250 731,989 (291,261) 23,690,776 10,377,470 13,313,306 -- -- 63,329,585 30,431,415 32,898,170 5,100,277 1,923,302 3,176,975 19,126,701 5,732,180 13,394,521 15,521,085 11,301,928 4,219,157 6,779,715 3,048,236 3,731,479 3,629,494 2,442,860 1,186,634 1,024,270 872,097 152,173 -- -- -- 37,109 37,109 -- 6,121,387 5,554,147 567,240 138,239,012 66,166,597 72,072,415 6,121,387 5,554,147 567,240 (11,047,638) 59,316,681 70,364,319 (5,098,137) (4,822,158) 1-5,979 (2,016,420) -- 2,016,420 (353,700), -- 353,700 6,462,354 2,026,727 (4,435,627) 4,806,000 4,156,256 (649,744) (32,587,229) (31,812,737) 774,492 -- -- 19,616 19,616 (28,141,295) (29,766,394) (1,625,099) 4,452,300 4,156,256 (296,044) (39,188,933) 29,550,287 68,739,220 (645,837) (665,902) (20,065) 13,863,048 (1,010,316) (14,873,364) (25,325,885) 28,539,971 53,865,856 (645,837) (665,902) (20,065) 86,073,780 86,073,780 -- 1,295,397 1,295,397 614,401 614,400 (1) -- — (11,188) (12,092) (904) -- 61,351,108 $ 115,216,059 $ 53,864,951 $ 649,560 $ 629,495 $ (20,065) The notes to the financial statements are an integral part of these statements C-8 (Continued) MONROE COUNTY,FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 CAPITAL PROJECT FUNDS _ Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 8,800,000 $ 12,996,907 $ 4,196,907 Licenses&Permits -- -- -- Intergovernmental -- -- -- Charges for Services 60,000 60,000 -- Fines&Forfeitures -- -- -- Investment Income 500,000 1,429,377 929,377 Miscellaneous -- 15,016 15,016 Total Revenues 9,360,000 14,501,300 5,141,300 Expenditures: Current: General Government 9,511,589 1,948,691 7,562,898 Public Safety 1,976,629 131,259 1,845,370 Physical Environment -- - - Transportation 351,471 907 350,564 Economic Environment -- -- -- Human Services 102,330 73,468 28,862 Culture and Recreation 5,692,885 1,989,114 3,703,771 Court Related 895,089 429,446 465,643 Debt Service -- -- -- Total Expenditures 18,529,993 4,572,885 13,957,108 Excess of Revenues Over/(Under)Expenditures (9,169,993) 9,928,415 19,098,408 Other Financing Sources/(Uses): Reserve for Contingencies (2,618,848) -- 2,618,848 Operating Transfers from Other Funds 1,090,874 1,564,309 473,435 Operating Transfers to Other Funds (9,702,626) (8,892,058) 810,568 Capital Lease Acquisition -- -- -- Debt Proceeds 449,345 450,000 655 Total Other Financing Sources/(Uses) (10,781,255) (6,877,749) 3,903,506 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-Budgetary Basis (19,951,248) 3,050,666 23,001,914 Total Adjustments __ -- -- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-GAAP Basis (19,951,248) 3,050,666 23,001,914 Fund Balance, October 1, 1998 27,355,430 27,355,430 -- Residual Equity Transfer In -- -- Residual Equity Transfer Out -- -- -- Fund Balance, September 30, 1999 $ 7,404,182 $ 30,406,096 $ 23,001,914 C-9 EXPENDABLE TRUST UN TOTAL-MEMORANDUM ONLY Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ $ $ 78,153,542 $ 80,718,043 $ 2,564,501 1,168,000 2,125,529 957,529 -- -- 44,467,231 42,050,678 (2,416,553) 45,000 52,256 7,256 6,522,605 8,602,916 2,080,311 782,449 782,449 27,430,284 27,786,315 356,031 17,000 43,320 26,320 3,278,461 7,204,856 3,926,395 - -- 4,132,534 4,614,994 482,460 844,449 878,025 33,576 165,152,657 173,103,331 7,950,674 50,526,356 28,464,238 22,062,118 1,263,144 1,048,622 214,522 98,214,514 62,401,459 35,813,055 -- -- - 5,366,600 2,174,127 3,192,473 19,569,222 5,762,937 13,806,285 -- 15,923,530 11,686,359 4,237,171 11,750 11,750 10,756,433 6,377,210 4,379,223 -- -- 11,764,655 6,714,545 5,050,110 299,075 299,075 8,530,841 7,286,444 1,244,397 -- -- -- 6,158,496 5,618,956 539,540 1,573,969 1,048,622 525,347 226,810,647 136,486,275 90,324,372 (729,520) (170,597) 558,923 (61,657,990) 36,617,056 98,275,046 (43,725) 43,725 (6,142,180) -- 6,142,180 -- 46,136,842 40,816,283 (5,320,559) (46,250,846) (43,477,749) 2,773,097 -- 19,616 19,616 -- 449,345 450,000 655 (43,725) 43,725 (5,806,839) (2,191,850) 3,614,989 (773,245) (170,597) 602,648 (67,464,829) 34,425,206 101,890,035 108,927 108,927 13,863,048 (899,103) (14,762,151) (773,245) (61,670) 711,575 (53,601,781) 33,526,103 87,1-27,884 1,197,062 1,197,062 -- 137,385,171 137,385,171 -- -- 614,401 614,414 13 (11,188) (614,414) (603,226) 423,817 $ 1,135,392 $ 711,575 $ 84,386,603 $ 170,911,274 $ 86,524,671 The notes to the financial statements are an integral part of these statements. C-1 0 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND EQUITY ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Internal Total Enterprise Service Memorandum Funds _ Funds _ Only Operating Revenues: Franchise Fees $ 203,022 $ -- $ 203,022 Tolls 1,172,130 -- 1,172,130 Charges for Services 15,715,432 14,638,012 30,353,444 Fines and Forfeitures 4,782 -- 4,782 Miscellaneous 30,183 1,857,997 1,888,180 Total Operating Revenues 17,125,549 16,496,009 33,621,558 Operating Expenses: Personal Services 2,606,989 1,358,735 3,965,724 Operations 44,263,804 3,497,471 47,761,275 Landfill Closure and Post Closure 672,285 -- 672,285 Depreciation and Amortization 1,283,321 290,295 1,573,616 Asserted and Paid Claims -- 9,532,669 9,532,669 Total Operating Expenses 48,826,399 14,679,170 63,505,569 Operating Income(Loss) _ 31,700,850) 1,816,839 (29,884,011) Non-Operating Revenues(Expenses): Operating Grants 27,813,856 8,876 27,822,732 Investment Income 1,033,926 409,659 1,443,585 Interest Expense and Fiscal Charges (593,078) -- (593,078) Loss on Disposition of Assets (120,038) (41,136) (161,174) Total Non-Operating Revenues(Expenses) 28,134,666 377,399 28,512,065 Income (Loss)Before Operating Transfers (3,566,184) 2,194,238 _ (1,371,946) Operating Transfers: Operating Transfers from Other Funds 5,496,966 213,867 5,710,833 Operating Transfers to Other Funds (1,954,732) (1,094,635) (3,049,367) Total Operating Transfers 3,542,234 (880,768) 2,661,466 Net Income(Loss) (23,950) 1,313,470 1,289,520 Fund Equity-October 1, 1998 36,401,612 5,337,428 41,739,040 Contributed Capital 1,703,293 2,224 1,705,517 Fund Equity-September 30, 1999 $ 38,080,955 $ 6,653,122 $ 44,734,077 The notes to the financial statements are an integral part of these statements. C-11 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Internal Total Enterprise Service Memorandum Funds---- Funds ..Only__ Cash flows from operating activities: Cash received for services $ 16,392,738 $ 15,975,355 $ 32,368,093 Cash payments to suppliers for goods and services (41,058,363) (12,920,561) (53,978,924) Cash payments to employees for services (2,624,362) (1,356,858) (3,981,220) Other operating revenue 34,965 2,656,879 2,691,844 Net Gash provided (used)by operating activities (27,255,022) 4,354,815 (22,900,207) Cash flows from noncapital financing activities: Operating grants received 19,685,527 8,876 19,694,403 Operating transfers from other funds 5,352,614 213,867 5,566,481 Operating transfers to other funds (1,9112,225) ___(1,994,635) (3,006,860) Net cash provided (used)by noncapital financing activities 23,125,916 (871,892) 22,254,024 Cash flows from capital and related financing activities: Proceeds from capital grants 1,499,120 1,499,120 Acquisition and construction of capital assets (2,147,021) (271,166) (2,418,187) Principal paid on capital debt (540,071) (540,071) Interest paid on capital debt (604,328) (604,328) Net cash used by capital and related financing activities (1,792,300) (271j66) (2063,466 Cash flows from investing activities: Investment Income 1,033,926 409,659 1,443,585 Net cash provided by investing activities 1,033,926 409,659 1,443,585 Net increase(decrease)in cash and cash equivalents (4,887,480) 3,621,416 (1,266,064) Cash and cash equivalents at beginning of year 24,237,490 7,441,846 31,679,336 Cash and cash equivalents at end of year $ 1.9350-010 $ 11,06 3 2_62 $ 30,413,272 C-12 (Continued) MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 RECONCILIATION OF OPERATING INCOME(LOSS)TO NET CASH PROVIDED(USED) BY OPERATING ACTIVITIES Internal Total Enterprise Service Memorandum Funds Funds Only Operating income loss $ 31,700,850 $ 1,816,839 $ (29,884,011 Adjustments to reconcile operating income (loss)to net cash provided(used)by operating activities: Depreciation and amortization 1,283,321 290,295 1,573,616 Change in assets and liabilities: Decrease/(Increase)in: Accounts receivable 115,219 167,482 282,701 Due from other funds (826,941) (137,509) (964,450) Due from other governmental units 2,526 212,234 214,760 (Decrease)/Increase in: Accounts payable 3,315,709 (5,854) 3,309,855 Retainage payable (58,259) -- (58,259) Claims and judgements payable (5,336) 93,462 88,126 Due to other funds 651,899 1,090,751 1,742,650 Due to other governmental units 33,529 28,809 62,338 Accrued compensated absences 12,167 15,141 27,308 Accrued wages and benefits payable (29,540) (13,264) (42,804) Deposits in escrow 11,350 -- 11,350 Deferred revenues -- 798,882 798,882 Other current liabilities 2,049 (2,453) (404) Landfill closure/post closure (61,865) -- (61,865) Total adjustments 4,445,828 2,537,976 6,983,804 Net cash provided(used)by operating activities $ (27,255,022) $ 4,354,815 $ (22,90Q,207) SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ 37,253 $ 2,224 $ 39,477 Loss on disposition of fixed assets $ 120,038 $ 41,136 $ 161,174 The notes to the financial statements are an integral part of these statements. C-13 MORE COUNTY,- FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30., 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and the presentation of the financial report of Monroe County, Florida (the "County") have been designed to conform to generally accepted accounting principles as applicable to governmental units, in accordance with the Governmental Accounting Standards Board (GASB) . Proprietary funds apply Financial Accounting Standards Board's (FASB) pronouncements and Accounting Principles Board (APB) opinions issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements, in which case, GASB prevails. The following is a summary of the significant accounting policies. Reporting Entity - Monroe County is a Non-Charter County established under the Constitution and the laws of the State of Florida. There are six offices elected County-wide, which are as follows: Board of County Commissioners, composed of five members, Clerk of Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector, The Board of County Commissioners is the legislative body of Monroe County and as , such budgets and provides funding used by the separate Constitutional Offices with the exception of fees collected by the Clerk of Circuit Court and the Tax Collector. Under the direction of the Clerk of Circuit Court, the Monroe County Finance Department maintains the accounting system for the County's operations, including those of the Clerk of Circuit Court, which is included in the General Fund, but excluding those of the Property Appraiser, Sheriff, Tax Collector and Supervisor of Elections, each of which maintains its own accounting system. The operations of the County as a whole, however, including all of the Constitutional Offices, have been combined in these financial statements. 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. C-14 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Blended Component Units - The Monroe County, Florida Comprehensive Plan Land Authority (MCLA) and the Monroe County Industrial Development Authority (MCIDA) are component units whose governing board is composed entirely of the Monroe County Board of County Commissioners serving ex officio. As their . financial and operational policies may be significantly influenced by the Monroe County Board of County Commissioners, they are considered a part of the primary government and are presented as blended component units. The MCLA was created by Monroe County, Florida Ordinance 031-1986 pursuant to Florida Statutes 380 and is considered legally separate. Complete financial statements for MCLA can be obtained from MCLA's administrative office at 1200 Truman Avenue, Ste. 207, Key West, Florida 33040. The MCIDA was created by Monroe County, Florida Resolution pursuant to Florida Statutes 159. The MCIDA is financially inactive and accordingly, there are no financial statements. Discretely Presented Component Unit - The Monroe County Housing Finance Authority (MCHFA) was created by Monroe County, Florida Ordinance 1019-1979 pursuant to Florida Statues 159 for the purpose of stimulating the construction of residential housing for low and moderate income families through the use of public housing. MCHFA is a component unit whose governing board is appointed by the Board of County Commissioners. The County is able to impose its will on MCHFA because of its ability to remove appointed members without cause from MCHFA's board. To emphasize its separate legal status, MCHFA is discretely presented in the combined financial statements. MCHFA maintains its own financial records. Complete financial statements for MCHFA can be obtained from MCHFA's administrative office at 1400 Kennedy Drive, Key West, Florida 33040. Basis of Presentation - The accounts of the County are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Fund structures, where applicable, have been designed to comply with all requirements of the bond resolutions and regulatory provisions or administrative action. The operations of each fund are accounted for with a set of separate self-balancing accounts comprised of its assets, liabilities, C-15 MONROE CO UN FLORIDA !Y,_ NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) equities, revenues and expenditures, or expenses, as appropriate. The various funds are grouped by type in the financial statements. The following fund types and account groups are used by the County® 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 generally accepted accounting principles to be accounted for in other funds are accounted for in the General Fund. General operating funds of the Clerk of Circuit Court, Property Appraiser, Sheriff, Tax Collector and Supervisor of Elections represent subfunds of the County's General Fund that are held and accounted for individually, but presented herein with the balance of the Board of County Commissioners' operating funds. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than those associated with expendable trusts or major capital projects) requiring separate accounting because of legal or regulatory provisions or administrative action. Debt Service Funds - Debt Service Funds are used to account for the payment of principal , interest, and other expenditures related to long-term debt, other than bonds and loans payable from the operations of Proprietary Funds. Capital Project Funds - Capital Project Funds are used to account for financial resources segregated for the acquisition or construction of major capital facilities other than those financed by proprietary operations. Proprietary Funds: Enterprise Funds - Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the stated intent is that the cost (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be C-16 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) financed primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is deemed appropriate for capital maintenance, public policy, management control , accountability or other purposes. Internal Service Funds - Internal Service Funds are used to account for the financing of goods or services provided by one department to other departments of the County or to other governmental units on a cost reimbursement basis. Fiduciary Funds: Expendable Trust Funds - Expendable Trust Funds are generally used in instances where legally mandated or where a formal legal trustee relationship exists. Both principal and income may be expended in the course of their designated operations. Agency Funds - Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. Agency Funds are merely clearing accounts for assets held by a government as an agent for individuals, private organizations, other governments, or other funds. Account Groups: General Fixed Assets Account Groua - This account is established to account for all fixed assets of the County, other than those accounted for in the Enterprise and Internal Service Funds. General Lonq-Term Debt Account Group - This account group is established to account for the long-term debt of the County financed from Governmental Funds. Basis of Accounting - The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i .e. , revenues and other C-17 MORE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30-, 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) financing sources) and decreases (i .e. , expenditures and other financing uses) in net current assets. All Proprietary Funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i .e. , net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund-type operating statements present increases (e.g. , revenue) and decreases (e.g. , expenses) in net total assets. Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied. , The modified accrual basis of accounting is followed in the Governmental Funds, Agency Funds, and Expendable Trust Funds. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become susceptible to accrual - that is, when they become both measurable and available to finance expenditures of the current period. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Primary revenues, which include taxes, intergovernmental revenues, charges for services, rents and interest are treated as susceptible to accrual under the modified accrual basis. Receivables related to these revenues are not recognized unless they are collectible within 60 days after the fiscal year end. Expenditures and transfers out are recorded when the related fund liability is incurred. Exceptions to this general rule include: (1) the long term portion of accumulated sick pay, vacation pay, and compensatory time, which is not recorded as an expenditure; (2) prepaid items, which are reported only on the Balance Sheet and do not affect expenditures: and (3) principal and interest on long-term debt, which are recognized when due. Budgets for Governmental Funds are also prepared on the modified accrual basis, with certain exceptions described under budgets and budgetary data. C-18 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 on the specific purpose or project before any amounts will be paid to the County; therefore, revenues are recognized based on 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 equal employment opportunity. These resources are reflected as revenues at the time of receipt or earlier if they meet the availability criterion. Licenses and permits, charges for services, and miscellaneous revenues (except investment earnings) are recorded as revenues when received in cash, because they are generally not measurable until actually received. Investment earnings and most fines and forfeitures are recorded as earned since they are measurable and available. Proprietary Funds use the accrual basis of accounting. Revenues are recognized in the period in which they are earned and expenses are recognized in the period incurred. The preparation of financial statements in conformity with generally accepted accounting principles, 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. Budgets and Budgetary Data - The following are the statutory procedures followed by the Board of County Commissioners ("Board") in establishing the budget for the Monroe County. 1) On or before May 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. C-19 ON OE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30-, 1999 NOTE I ® SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 County 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. Al 1 funds have legally adopted budgets except as described in Note 15, Budgetary - GAAP Reporting Reconciliation. 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 County operations or a department. All other budget changes (whether they are transfers between cost centers or alterations of total revenues and expenditures 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 in a legally permissible manner. 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. ®2 MONROE COUNDL FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 9) Budgets for all funds, with the exception of the Property Appraiser's General Fund, are adopted on a basis consistent with generally accepted accounting principles (GAAP) for that fund type, except for revenues and expenditures relative to tax anticipation notes, land purchased for resale in governmental funds, mortgage loans made by governmental funds, and revenues and expenditures relative to debt and capital outlay for proprietary funds. Budgetary versus GAAP differences are described in a following note. 10) All appropriations lapse at year end. Inventory - Inventory in the Comprehensive Plan Land Authority (Special Revenue) consists of land purchased for resale and is valued at cost. The cost is recorded as an expenditure when items are purchased for budgetary purposes. For GAAP purposes, the land cost is recorded as an asset. Cost records are maintained which specifically identify the unit of inventory and related cost. The purchase method of accounting is used; accordingly, reported inventories are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable resources." 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. No reserve has been established within the General Fund balance as the consumption method is used to account for this inventory. Investments - Investments are stated at fair value in accordance with GASB 31. The Monroe County Board of Commissioners pools cash and investments of the County, excluding those funds held and accounted for by the separate Constitutional. Officers and those requiring or benefiting by separate investment. This gives the County the ability to maximize its yield on the short-term investment of cash, increasing its income accordingly. Interest earned on pooled cash is allocated to the participating funds based on their average daily balance. Individual fund deficits are ignored in the allocation of interest. C-21 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) General Fixed Assets - General Fixed Assets are recorded as expenditures in the General Fund, Special Revenue Funds, Capital Project Funds and other Governmental Fund types at the time of purchase and are capitalized at cost in the General Fixed Assets Account Group. Fixed assets consisting of certain improvements including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems have not been capitalized. Gifts or contributions are recorded in General Fixed Assets at estimated fair market value at the time received. There is no depreciation expense recorded on General Fixed Assets. Enterprise and Internal Service Fund Fixed Assets - Additions to Enterprise and Internal Service Fund Fixed Assets are stated at cost. Depreciation has been provided using the straight-line method. The estimated useful lives of the various classes of depreciable fixed assets are as follows: Life - Years Buildings and Other Improvements 7- Machinery and Equipment 3-10 Improvements other than Buildings 50 Depreciation of Contributed Assets - Depreciation recognized on assets acquired or constructed through grants externally restricted for capital acquisitions is recorded as an operating expense in the related proprietary funds. Capital Lease Obligations - Capital lease obligations for non-Enterprise Funds are accounted for in the General Long-Term Debt Account Group. The 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. Also, in the year an asset is acquired by capital lease, the expenditure for the asset and the offsetting amount of the financing source are reflected in the Statement of Revenues, Expenditures, and Changes in Fund Balance. Assets acquired under C-22 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) capital leases in non-Enterprise Funds are accounted for in the General Fixed Asset Account Group. Capital lease obligations of Enterprise Funds and the cost of assets so acquired are reflected in the accounts of those funds. Unamortized Debt Expense - Unamortized debt expense of the Enterprise Funds is amortized by using the straight-line method over the life of the debt. Encumbrances - Encumbrance accounting, under which purchase orders are recorded to reserve that portion of the applicable appropriation, is employed in the Governmental and Expendable Trust Fund types. Encumbrances are not the equivalent of expenditures; therefore, the encumbrances are reported as reservations of fund balances at year end and reappropriated the following year. 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 1st of each year. No accrual for the property tax levy becoming due in November of 1999 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. Censated Absences - County policy grants employees annual leave and sick leave in varying amounts. Upon termination of employment, employees with six months or more of credited service can receive payment for accumulated.annual leave. In general , sick leave payments are granted upon termination of employment to employees with five years or more of credited service, subject to percentage and maximum hour limitations as determined by the Board and each constitutional officer. Accumulated annual leave, sick leave, and related benefits are accrued in Governmental Fund Types to the extent that such amounts would normally be liquidated with expendable available financial resources. The remaining liability is reflected in the General Long-Term Debt Account Group. The accumulated leave in Proprietary Fund Types is reflected in the Fund's financial statements on the accrual basis. C-23 MONROE COUNTY,—FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Cash and Cash _Equivalents - For purposes of the statement of cash flows, the Proprietary Fund Types consider all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents. Total Columns on Combined Statements - Overview - Total columns on the Combined Statements - Overview (General Purpose Financial Statements) are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or cash flows in conformity with generally accepted accounting principles, and such data is not comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS PRIMARY GOVERNMENT Cash, cash equivalents, and investments consist of the following at September 30, 1999: Restricted Cash and Cash and Investments Investments Total Board of County Commissioners Amount Invested in County's Pooled Cash Program $ 142,605,509 $ 1,788,320 $ 144,393,829 Demand Deposits 3,058,369 5,420,539 --8,478,908 145,6�63 _878 7,208.859 152,872,737 Other Constitutional Officers And Dependent District Amount Invested in County's Pooled Cash Program 12,485,243 12,485,243 Demand Deposits 32,606,382 32,606,382 Investments 3,312,550 3,312,550 48,404,175 -_-48404,175 $ 194068,053 $ 7,208,859 $ 2011,276 912 C-24 MONROE COUNDL FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued) Florida Statute 125.31 authorizes the County to invest surplus funds in the following: a) the Local Government Surplus Funds Trust Fund under the management of the State Board of Administration b) the Florida Counties Investment Trust Fund under the sponsorship of the Florida Association of Counties and the Florida Association of Court Clerks Comptrollers c) negotiable direct obligations of, or obligations of which the principal and interest are unconditionally guaranteed by, the U.S. Government d) interest bearing time deposits or savings accounts in banks and savings and loans organized under state laws or doing business and situated in the state, provided collateral requirements are met e) obligations of the Federal Home Loan Mortgage Corporation f) obligations of the Federal National Mortgage Association g) commercial paper of U.S. corporations having a rating of at least two of the following three ratings: A-1, P-1 and F-1, as rated by Standard & Poors, Moody's and Fitch Investors Service rating services h) Bankers' acceptances that are eligible for purchase by the Federal Reserve Banks and have a letter of credit rating of AA or better i) Tax-exempt obligations of the State of Florida and its various local governments, including Monroe County. Tax exempt obligations with a rating of A or less, must be an insured issue through MBIA or an equivalent company. Issues rated A+ or higher may or may not carry an insurance backing. C-25 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued) The County invests funds throughout the year with the Local Government Surplus Funds Trust Fund (SBA) , an investment pool administered by the State Board of Administration, under the regulatory oversight of the State of Florida. Throughout the year and as of September 30, 1999, the SBA contained certain floating and adjustable rate securities which were indexed based on the prime rate and/or one and three month LIBOR rates. These investments represented 10% of the SBA's portfolio at September 30, 1999. The SBA met the criteria to be "2A-7Like" as defined in GASB 31 at September 30, 1999. Therefore, the investment was valued at amortized cost and the fair value at September 30, 1999 was the account balance at that time. Deposits - Demand and time deposits are fully insured by Federal Depository Insurance and the multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. Investments ® The repurchase agreement is uninsured and unregistered with securities held by the bank in the bank's name. Investments at year end are shown as follows: Other Constitutional Officers And_Dependent District Carrying Fair Amount— —Value Repurchase Agreement $ _3,31�2550 $ 3,312,550 COMPONENT UNIT DeDOSitS - Demand and time deposits are fully insured by Federal Depository Insurance and the multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. At September 30, 1999, deposits for the component unit totaled $220,492. C-26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 3 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 1999 consist of the following: Affordable Housing Programs: Second Mortgages Receivable from individuals, collateralized by land and buildings, payable in monthly installments of $3,622 including interest at 3%, final payment due March 1, 2004. $ 387,274 Second Mortgages Receivable from individuals, collateralized by personal residences. The entire amount of the loan will be forgiven over a ten year period at a rate of one fifth per year, beginning on the 7th anniversary of the completion of the construction of the improvements funded by the mortgage, provided that the mortgagor complies with the Mortgage covenants. 233,823 Second Mortgages Receivable from individuals, collateralized by personal residences. The entire balance of the mortgage will be forgiven over a ten year period at a rate of ten percent per year upon the anniversary of the mortgage, provided that the mortgagor complies with the Mortgage covenants. The Mortgages are interest free. 39,619 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. 207,023 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 12X per annum from the date when payment of the second is due. In the event the home is sold, transferred, rented, refinanced or the first mortgage loan is satisfied, the entire mortgage balance is due. 1,067,340 C-27 ~- MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS NOTE 3 ' MORTGAGES RECEIVABLE (Continued) Second Mortgages Receivable from individuuls, collateralized by personal residences. The entire balance of the mortgage will be -` forgiven over o ten year period at the rate of ten percent per year upon the anniversary of the mortgage, provided that the mortgagor complies with the mortgage covenants. The mortgages are interest -~ free. 129,598 _ Mortgages Receivable due from individual ' collateralized by personal reaidence, payable in annual installments of *I.500 over a ten year period, interest free. I5.000 _ Note Receivable from local government, collateralized by project revenues. payable August 2000. interest free. 20.000 Monroe County Comprehensive Plan Land Authority (MCLA),_: - ' Mortgage due from not-for-profit orgonization, collateralized by land, principal and interest at 9.5%, payable on May 13, 2000. 8.682 - Mortgageo due from not-for-profit agency, collateralized by land, payable in full August 2007. interest free. 4I.953 Mortgage due from governmental agency, collateralized by land. payable in full April 2028. interest free. 382.554 Mortgage due from governmental agency, collateralized by land and - buildinQ, payable in full September. 2045 interest free. 59,025 -. Total Mortgages Receivable Except for the local housing assistance 0Urtgages, the mortgages receivable . ` are equally offset by 8 fund balance reserve which indicates that they do not constitute "available spendable resources" even though it is a component of total assets. The local housing assistance mortgages are Offset by a related � deferred revenue account. C-28 ' MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 4 - INTERFUND BALANCES Individual fund interfund receivable and payable balances at September 30, 1999 are as follows: Interfund Interfund Fund Receivable Payable General Fund $ 1,513,209 $ 1,203494 Special Revenue Funds: Fine and Forfeiture 7,932 899 Road and Bridge 12,298 516,469 Tourist Development, All Districts, Two Cents 12,041 - Tourist Development, Admin. & Promotional , Two Cents 18,294 Tourist Development, District # One, Three Cents 3,978 Tourist Development, District # Two, Three Cents 319 Tourist Development, District # Three, Three Cents 948 Tourist Development, District # Four, Three Cents 993 Tourist Development, District # Five, Three Cents 1,338 Governmental Fund Type Grants 1,659,907 1,286,918 Impact Fees, Parks and Recreation 3,608 - Impact Fees, Police Facilities 32,740 Upper Keys Health Care 14,738 Unicorp. Area Service District, Parks and Recreation 222 3,416 Planning, Building and Zoning 119,630 Boating Improvement 5,279 Miscellaneous Special Revenues 167,042 - Sheriff's Off-Duty 187 Sheriff's Airport Services 156,420 Sheriff's Forfeiture - 201,654 Sheriff's HIDTA Grants 41,897 - 1,912,523 2,356,644 Capital Project Funds: One Cent Infrastructure Surtax 1,166,176 879,925 Clerk's Revenue Note 197,746 1,363,922 879,925 Enterprise Funds: Municipal Service District - Waste 160,402 542,888 Card Sound Bridge 1,034 76,000 Marathon Airport 107,587 42,507 Key West Airport 1,015,147 107,622 1,284,170 769,017 C-29 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 4 - INTERFUND BALANCES (Continued) Internal Service Funds: Worker's Comp 548 Group Insurance 84 Risk Management 1,095,135 Fleet Management 233,937 208 , .234,569 1,095,343 Expendable Trust-Funds- Sheriff's Inmate Welfare - 3,970 $ 6,308,393 6,308,393 NOTE 5 - RESTRICTED ASSETS Restricted Assets include those provided for by resolutions adopted by the County Commission for the issuance of the Municipal Service District - Waste Revenue Bonds, Refunding Improvement Revenue Bonds, Series 1993/83, Refunding Improvement Revenue Bonds, Series 1993/88, Sales Tax Revenue and Refunding Bonds, Series 1991 and 1998, Clerk's Revenue Note and Airport Passenger Facility Charges. Total restricted assets as of September 30, 1999 are as follows: Cash and Cash E_qui.v.,, Enterprise Fund - Municipal Service District - Waste Renewal and Replacement Fund $ 1,358,755 Sinking Funds 653,563 Landfill Closure Escrow 1,788,320 00,,638 Enterprise Fund - Marathon Airport Passenger Facility Charge Funds 46,521 C-30 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 5 - RESTRICTED ASSETS (Continued) Enterprise Fund - Key West Airport Passenger Facility Charge Funds 2.297,371 Refunding Improvement Revenue Bonds, Series 1993/83 Debt Service Fund Sinking Fund 200,577 Refunding Improvement Revenue Bonds, Series 1993/88 Debt Service Fund Sinking Fund 539,039 Sales Tax Revenue and Refunding Bonds, Debt Service Fund Sinking Fund 287,311 Clerk's Revenue Note Contingency Fund 37,402 Interest Receivable 241 37,643 $ 7.209, 100 NOTE 6 - RESERVES FOR RESTRICTED ASSETS AND DESIGNATIONS OF FUND BALANCE Reserves representing the excess of amounts provided for certain restricted asset accounts over the liabilities payable therefrom are established by a reduction of retained earnings or fund balance. The following schedule reflects the reserve account balances at September 30, 1999: Enterprise Funds Municipal Service District - Waste: Reserved for Debt Service $ 406,919 Reserved for Renewal and Replacement 1,358,755 1,765,674 C-31 ON OE COUNTY,- FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 3 . 1999 NOTE 6 - RESERVES O RESTRICTED ASSETS AND DESIGNATIONS OF FUND BALANCE (Continued) Debt Service Funds Refunding Improvement Revenue Bonds, Series 13/ 3 Reserved for Debt Service 200,577 Refunding Improvement Revenue Bonds, Series 1993/88 Reserved for Debt Service 539,039 Sales Tax Revenue and Refunding Bonds, Series 1991 and 1998 Reserved for Debt Service (17,764) Clerk's Revenue Note, Reserved for Debt Service 37,643 629,495 .395, 169 Retained earnings and fund balances are reserved to the extent of the excess of restricted assets over liabilities payable from restricted assets as follows: Total restricted assets 7,209, 0 Less: Restricted assets for which retained 4,132,212 earnings are not required to be reserved Liabilities payable from restricted assets 681,719 2.35, 69 A portion of the unreserved fund balance in Special Revenue Fund, Tourist Development District # One, Three Cent has been designated for various beach nourishment projects. The Board has also designated a portion of the fund balance in the general fund to guarantee debt incurred by the Florida Keys Aqueduct Authority (F ) . FKAA is developing construction design plans for a wastewater treatment facility to be located in Marathon. C- 2 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 7 - PROPERTY PRIMARY GOVERNMENT The following is a summary of changes in General Fixed Assets for the year ended September 30, 1999: 1998 Additions Deductions 1999 Land $ 21,044,144 $ 7,664,456 $ - $ 28,708,600 Buildings 79,077,915 2,613,941 272,932 81,418,924 Equipment 39,137,354 3,871,810 1,798,527 41,210,637 Construction in Progress: Courthouse Renovations 499,469 1,568,940 2,068,409 Other Construction 837,571 1,050,222 739,830 1,147,963 1140,596,453 $16,769,369 $ 2,811,289 1154,554,533 An additional $5,273,168 will be required to complete the construction projects under present contractual agreements. It is the County's policy to not capitalize interest on construction projects financed with debt proceeds. Proprietary funds property, plant and equipment consist of the following at September 30, 1999: Internal Enterprise Service Funds Funds Land $ 6,132,875 $ 54,000 Buildings and Improvements 13,244,859 1,722,854 Equipment 16,133,367 2,014,531 Construction in Progress 6,344,535 Total Property 41,855,636 3,791,385 Less Accumulated Depreciation 17,382,660 1,566,042 Net Property $ 24,472,976 $ 2,225,343 C-33 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPT EMBER 30, 1999 NOTE 7 - PROPERTY (Continued) COMPONENT UNIT The following is a summary of changes in property for the year ended September 30, 1999: 1998 Additions Deductions 1999 Land $ 105,000 $ $ $ 105,000 Equipment 5,972 5,972 Buildings and Improvements 1,073,132 1,073,132 $ 1,184,104 $ $ $ 1,184,104 NOTE 8 - LONG-TERM DEBT PRIMARY GOVERNMENT The following is a summary of changes in long-term debt for the year ended September 30, 1999: Debt Debt 1998 Issued Retired 1999 General Long-Ter Debt Group Revenue Bonds $ 30,395,000 $ - $ 4,230,000 $ 26,165,000 Loans Payable 450,000 450,000 50,000 850,000 Accrued Compensated Absences 4,228,438 147,688 75,692 4,300,434 Capitalized Lease Obligations 69,834 19,616 61,051 28,399 Subtotal 35,1�43 272 617,304 4,416,743 31,33,833 Proprietary Funds Revenue Bonds 7,800,000 375,000 7,425,000 Accrued Compensated Absences 365,380 5,600 370,980 Capitalized Lease Obligation 1,643,654 - 165,071 1,478 583 Subtotal 9,809,034 5,600 540,071 9,274,563 Total $ 44,952,306 $ 622,904 $ 4,9516 14 $ 40,618 396 C-34 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 8 - LONG-TERM DEBT (Continued) Bonds payable at September 30, 1999 from Proprietary Funds are composed of the following issues: Enterprise Revenue Bonds - $9,570,000 1991 Municipal Service District Refunding Improvement Bonds due in annual installments of $405,000 to $735,000 on October 1, 1999 to $ 7,425,000 October 1, 2011; interest at 6.30% to 6.75% Bonds payable at September 30, 1999 from Governmental Funds are composed of the following issues: Revenue Bonds - $42,415,000 1991 Sales Tax Revenue Bonds, Series 1991 due on April 1, 2000; interest at 5.8% $ 3,650,000 Revenue Bonds - $7,230,000 1993 Refunding Revenue Bonds, Series 1993 due in installments of $420,000 to $640,000 on December 1, 1999 to December 1, 2008; interest at 4.5% to 5.0% 5,190,000 Revenue Bonds - $17,505,000 1998 Sales Tax Refunding Revenue Bonds, Series 1998 due in installments of $185,000 to $4,525,000 on April 1, 2000 to April 1, 2004; interest at 3.75% to 4.25% 17,325,000 $ 26.165,000 C-35 MO ROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 8 - LONG-TERM DEBT (Continued) The loan payable at September 30, 1999 from Governmental Funds is composed of the following issue: Loan Payable - $850,000 Florida Local Government Finance Commission Loan due in semiannual installments of $100,000 to $150,000 March 2000 to September 2003; interest due monthly based on the blended market rate of commercial paper. $ _850_,000 Debt Service Funding Requirements - The total annual debt service funding requirements for all bonds outstanding (net of sinking fund balances) at September 30, 1999, consisting of interest payments of $7,117,724 and principal payments of $33,615,000 are as follows: Revenue Bonds Year Ended Proprietary Funds Governmental September 30 Amount Interest Rate Amount Interest Rate 2000 $ 893,380 6.30% 635% $ 5,268,309 3.75% 5.80% 2001 896,605 6.40% 6.75% 5,375,021 3.75% 5.00% 2002 892,485 6.50t 6.75% 5,366,574 3.75% 5.00% 2003 891,285 6.60% 6.75% 5,371,274 3.80% 5.00% 2004 887,625 6.75% 5,370,594 3.88% 5.00% 2005-2009 4,410,412 6.75% 2,685,000 5.00% 2010-2011 1,477 700 6.75% Total $10,349,492 $29,436 772 Year Ended Loans Payable September 30 Amount Interest Rate Total 2000 $ 239,168 5.00% $ 6,400,857 2001 229,167 5.00% 6,500,793 2002 219,165 5.00% 6,478,224 2003 258,960 5.00% 6,521,519 2004 - 6,258,219 2005-2009 7,095,412 2010-2011 - 1,477,700 Total $ _946,460 $40.732,724 C-36 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 8 - LONG-TERM DEBT (Continued) The amount available in the Debt Service Funds to service the Series 1991, 1993/88 and 1998 revenue bonds and 1998 loan is $629,495. Restrictive Covenants and Collateral Requirements - The 1993/88 Refunding Improvement Revenue Bonds are payable from and collateralized by a first lien upon and pledge of the Guaranteed Entitlement portion of the Revenue Sharing Trust Fund for Counties and the Second Guaranteed Entitlement for Counties paid by the State of Florida. The 1991 Municipal Service District Refunding Improvement bonds are payable solely from and collateralized by a prior lien upon and pledge of (i) charges for service levied annually against residential property within the Monroe County Municipal Service District (the "District") , Monroe County, Florida for the availability and furnishing of certain solid waste disposal services, (ii) payments received from franchisee solid waste collectors with respect to commercial property within the District, (iii) all other non ad valorem funds received by the District with respect to furnishing services of the solid waste facilities to the residents of the District excluding any state or federal funds received from time to time by the District and (iv) certain investment income received by the District. Under the terms of the enterprise revenue bonds issue, the Municipal Service District is required, among other things, to establish rates and to collect fees and charges which will be sufficient at all times to pay 110% of the Maximum Debt Service Requirement on the Series 1991 Bonds and on all outstanding Parity Bonds, plus 100% of all reserve or other payments including the cost of Operation and Maintenance and deposits for Renewal and Replacements of the Facilities. The Municipal Service District was in compliance with those covenants for the year ended September 30, 1999. The Bonds and the interest payable thereon will not constitute a general obligation of the District, Monroe County or the State of Florida, or a pledge of the faith and credit of the District, Monroe County, the State of Florida or any political subdivision thereof. Neither the Bonds, nor any interest or premium thereon, shall be payable from the ad valorem tax revenues of the District, Monroe County, or the State of Florida. C-37 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 8 - LONG-TERM DEBT (Continued) The 1991 Sales Tax Revenue Bonds and the 1998 Sales Tax Refunding Revenue Bonds are payable from and collateralized by a lien and pledge of the portion of the proceeds of the one cent local government infrastructure sales surtax on deposit in the trust fund established for the County in the Florida State Treasury, allocated for and distributed monthly to the County. Florida Local Government Finance Commission - The Florida Local Government Finance Commission was created pursuant to the Florida Interlocal Cooperation Act of 1969, Section 163.01 Florida Statutes, as amended through an interlocal agreement dated as of February 19, 1991, initially among three Florida counties for the purpose of financing or refinancing capital projects for each member (borrower) . Under the Interlocal Agreement, the specific purpose of the Commission is to enable a limited number of participating public agencies to benefit from the economies of scale associated with large commercial paper financing and to assist governmental units in developing and structuring financing programs. Each borrower's liability is the several liability of that borrower, expressly limited to its loan repayments and each borrower has no joint liability with any other borrower or the Commission for any of their respective liabilities. COMPONENT UNIT The following is a summary of changes in long-term debt for the year ended September 30, 1999: Debt Debt 1998 Issued Retired 1999 Mortgages Payable $ 1,178,132 $ $ $ 1,178 132 Mortgages payable at September 30, 1999 are composed of the following: Mortgages due to Monroe County Land Authority, collateralized by land and building, payable in full September 2045, interest free. 1 59,025 Mortgages due to First Housing, collateralized by land and building, payable in full March, 2001, interest free. 1.119,107 $ 1, 178,132 C-38 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 9 - DEFEASANCE OF DEBT The following schedule reflects the outstanding principal on refunded bonds, by issue, as of September 30, 1999: $8,000,000 Municipal Service District Improvement Revenue Bonds, Series 1980; defeased on December 6, 1985 using proceeds from the $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985 $ 6,170,000 $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985; defeased on April 1, 1991 using proceeds from the Municipal Service District Refunding Improvement Bonds, Series 1991 5,739,140 Total Municipal Service District Bonds $ 1L 909,140 $4,585,000 Card Sound Road and Bridge Improvement Revenue Bonds, Series 1993; defeased on March 8, 1994 using available cash $ 3.375,000 $2,155,000 Refunding Improvement Revenue Bonds, Series 1983; defeased on January 1, 1993 using proceeds from the Refunding Improvement Revenue Bonds, Series 1993/83 $ 1,500,000 $5,000,000 Improvement Revenue Bonds, Series 1988; defeased on May 1, 1993 using proceeds from the Refunding Revenue Bonds, Series 1993/88 4,810,000 $42,415,000 1991 Sales Tax Revenue Bonds, Series 1991; partially defeased on February 5, 1998 using proceeds from the Sales Tax Refunding Revenue Bonds, Series 1998 16,870,000 Total General Revenue Bonds $ 23,180,000 C-39 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30. 1999 NOTE 10 - LEASE OBLIGATIONS Capitalized lease obligations consist of equipment lease purchases accounted for in the General Long-Term Debt Account Group and General Fixed Assets Account Group, and the Municipal Service District Enterprise Fund. The future minimum payments under capitalized leases consist of the following at September 30, 1999: General Long- Proprietary Fiscal year ending September 30: Term Debt Funds — 2000 $ 22,816 $ 259,200 2001 5,796 259,200 2002 1,924 259,200 2003 259,200 2004 259,200 Thereafter - 518,397 Total minimum payments 30,536 1,814,397 Amounts representing interest 2,137 335,81 Present value of net minimum lease 28,399 $ 1,478,583 payments Leased property which has been capitalized as of September 30, 1999 is as follows: General Fixed Assets - Public Safety $ 83.988 Proprietary Funds $ 2, 25,830 Rental expense under cancelable operating leases for the current year amounted to $1,532,719. C-40 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 11 - LAND AUTHORITY LEASES The City of Key West leases two properties with a cost of $441,073 from the County. These properties are used to provide access and parking for city facilities. The terms of the leases provide for rental of $1 per year for 30 years, expiring in the year 2022. NOTE 12 - CONTRIBUTED CAPITAL Contributed capital consists of contributions from other funds to proprietary funds and capital funds from federal and state agencies. Contributed capital activity is as follows for the year ended September 30, 1999: 1998 Additions 1999 Municipal Service District $ 3,312,886 $ 8,062 $ 3,320,948 Card Sound Bridge 2,514,741 - 2,514,741 Marathon Airport 4,233,627 22,436 4,256,063 Key West Airport 5,258,815 1,672,795 6,931,610 Workers' Compensation 621 - 621 Group Insurance Fund 2,527 807 3,334 Risk Management Fund - 73 73 Fleet Management 2,671,406 1,344 .2,672,750 $17,994,623 $ 1.705,517 $19,700,140 NOTE 13 - FUND DEFICITS The Sales Tax Revenue and Refunding Bonds Debt Service Fund has an accumulated deficit of $147,764 as a result of a transfer made one day later than originally scheduled. The deficit was eliminated October 1, 1999. C-41 MONROE COUNTY,—FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 14 - EXPENDITURES IN EXCESS OF APPROPRIATIONS The following cost centers had expenditures in excess of appropriations at September 30, 1999: General Fund: Debt Service - The Sheriff budgeted certain capital lease payments as operating expense rather than debt service. However, the Sheriff was in budgetary compliance at the legal level of control . Expenditures exceeded appropriations by $27,700. Special Revenue Funds: Sheriff's Airport Services - Public Safety and Debt Service - The Sheriff budgeted certain capital lease payments as operating expense rather than debt service. However, the Sheriff was in budgetary compliance at the legal level of control . Expenditures exceeded appropriations by $19,616 in the debt service cost center. NOTE 15 - SEGMENTS OF ENTERPRISE ACTIVITIES Municipal Service District operating revenues are generated primarily by billings for mandatory garbage collection. Card Sound Bridge operating revenues are generated through tolls for the use of the Bridge. Revenues in the Key West and Marathon Airports are generated by rents and user fees. The key financial data for the year ended September 30, 1999 for the above services are as follows: Municipal Card Service Sound Marathon Key West District Bridge _Airport Airport total Operating Revenues $ 13,013,837 $ 1,173,588 444,979 $ 2,493_145 17�125 549 Operating Expenses 42,069,856 522,443 1,857,136 3,093,643 47,543,078 Depreciation and Amortization 882,945 169,312 130,559 1_00 505 1,283,321 Total Operating Expenses 42,952,801 6_91 755 1,987,695 3, 994,148 1 48,826 399 C-42 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 15 - SEGMENTS OF ENTERPRISE ACTIVITIES (Continued) Operating Income (Loss) (29,938,964) 481,833 (1,542,716) (701,003) (31,700,850) Operating Grants 26,045,403 1,066,130 702,323 27,813,856 Investment Income 510,767 290,397 60,898 171,864 1,033,926 Interest Expense and Other Debt Service Costs (593,078) (593,078) Loss on Disposition of Assets (1,306) (118,732) (120.038) Operating Transfers In 4,458,423 91,387 947,156 5,496,966 Operating Transfers Out (LL52,288) (76,000) (282,912) (343,532) L254,732) Net Income (Loss) (771,043) 696,230 (725,945) 776,808 (23,950) Fund Equity, 1998 10,393,773 9,834,871 6,708,277 9,464,691 36,401.612 Contributed Capital 8,062 22,436 1,672,795 1,703,293 Fund Equity, 1999 $ 9,630,792 S 10,531,101 $ 6,004,768 $ 11,914,294 $ 38,080,955 Assets E 26,058,335 S 10,663,663 $ 6,236,729 #_13,214,105 ; 56,172.832 Long-Term Debt $ 8,444,439 $ 27,490 $ 24,100 ; 113,7 22 $ 8, 009,801 Acquisitions and Construction of Property # 61.860 $ 46,554 E 2,252,457 S 2,360,871 Net Working Capital $ 7,850,311 ; 6,143,800 S 1,049,262 $ 1,953,828 S_16,497,201 Net Increase (Decrease) in Cash Flows $ (4,848,160) 930.680 S (774-�314) $ (195,686) E (4,887,480) NOTE 16 - BUDGETARY - GAAP REPORTING RECONCILIATION The accompanying Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General , Special Revenue, Debt Service, Capital Project and Expendable Trust Funds for the year ended September 30, 1999 presents comparisons of the legally adopted budget with actual data on a budgetary basis. Because certain accounting principles applied for purposes of developing data on a budgetary basis differ from those used to present financial statements in conformity with GAAP, a reconciliation of resultant basis, timing and perspective differences in the Excess of Revenues and Other Sources over Expenditures and Other Uses for the year ended September 30, 1999 is presented as follows: C-43 MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 16 - BUDGETARY - GAAP REPORTING RECONCILIATION (Continued) Special Debt Capital Expendable General Revenue Service --!LQjects --Trust Excess of revenues and other sources over (under) expenditures and other uses - budgetary basis L1,�O752 129,550,287 L (L6 5_9 0 2 3,050,666 J_(170 597) Adjustments: To adjust revenues for accruals (38,079) - To adjust expenditures for accruals 40,365 To adjust for mortgages receivable (24,276) To adjust for mortgage loans made 24,276 To adjust expenditures for purchases of land recorded as inventory 1,979,548 To adjust expenditures for cost of land sold (2,989,864) Sheriff, Forfeiture Sheriff, Inmate Welfare 108,92 Total Adjustments 2,286 _(LL1_0316) 108,927 Excess of revenues and other sources over (under) expenditures and other uses - GAAP basis Lj,�3038 JZL53_9971 1_1,25_0666 6_70) NOTE 17 - INTERFUND TRANSFERS Operating Transfers during the year ended September 30, 1999 consisted of the following: Operating Operating Fund Transfers In Transfers Out General Fund 1 —31,068 991 1 2,77 ,954 Special Revenue Funds: Fine and Forfeiture 30,071,964 Road and Bridge 531,825 Law Library 33,741 - C-44 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 17- INTERFUND TRANSFERS (Continued) Tourist Development Admin & Promotional , Two Cent - 44,000 Tourist Development District One, Three Cent - 6,050 Tourist Development District Two, Three Cent - 550 Tourist Development District Three, Three Cent - 1,210 Tourist Development District Four, Three Cent - 1,430 Tourist Development District Five, Three Cent - 1,760 Governmental Fund Type Grants 1,848,294 1,003,874 Upper Keys Health Care - 14,737 Parks and Recreation - 1,790 Planning, Building and Zoning - 118,130 Jolly Roger Estates Municipal Service District 19,692 Boating Improvement - 15,417 Florida Keys Marine - Marathon 125,000 - 2,026,727 31.812,737 Debt Service Funds: Sales Tax and Refunding Bonds 4,055,000 - Clerk's Revenue Note 101,256 4, 156,256 - Capital Projects Funds: One Cent Infrastructure Surtax 1,477,309 8,890,802 Clerk's Revenue Note 87,000 1,256 1,5642309 8,892,058 C-45 MONROE COUNTY,- FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 17 - INTERFUND TRANSFERS (Continued) Enterprise Fund: Municipal Service District Waste 4,458,423 1,252,288 Card Sound Bridge 76,000 Marathon Airport 91,387 282,912 Key West Airport 947,156 343.532 5,496,966 1.954.732 Internal Service Fund: Risk Management 1,094,635 Fleet Management Fund 213,867 213, 67 1,094,635 $ 46,527, 116 $ 46,527, 116 NOTE 18 - 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 provides $250,000 coverage per claim. The Group Insurance Fund provides coverage up to $85,000 for each medical claim. Risk Management provides $100,000 for each general liability, public official liability and auto liability claim and $100,000 for most property damage claims. Windstorm, Flood and Property Damage insurance excess coverage varies by individual property. The County 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. C-46 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1999 NOTE 18 - RISK MANAGEMENT (Continued) 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 estimates of the amounts needed to pay prior and current year claims. The claims liabilities reported at September 30, 1999 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 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 year 1998 and 1999 were: Worker's Group Risk ComQensation Insurance Management Total Balance at September 30, 1997 $ 978,199 $ 2,139,188 $ 1,265,608 $ 4,382,995 Current year claims and changes in estimates 1,271,539 7,092,186 425,656 8,789,381 Claim payments (1,175,986) (7,103,718) (339,168) (8,618,872) Balance at September 30, 1998 1,073,752 2,127,656 1,352,096 4,553,504 Current year claims and changes in estimate 1,449,181 7,556,452 827,036 9,532,669 Claim payments (1,620,093) (7,417,172) (401,942) (9,439,207) Balance at September 30, 1999 $ 902,840 $ 2,266,936 $ 1,477,190 $ 4,646,966 NOTE 19 - RETIREMENT PLAN Substantially all full -time County employees are participants in the Florida Retirement System, "The System", a multiple-employer, cost-sharing public retirement system. The System; which is controlled by the State Legislature and administered by the State of Florida, Department of Administration, Division of Retirement, covers approximately 610,846 full -time employees of various governmental units within the State of Florida. The System provides for vesting of benefits after 10 years of creditable service. Normal retirement benefits are available to employees who retire at C-47 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30,,- 1999 NOTE 19 - RETIREMENT PLAN (Continued) or after age 62 with 10 or more years of service. Early retirement is available after 10 years of service with a 5% reduction in benefits for each year prior to the normal retirement age. Retirement benefits are based on age, average compensation and years-of-service credit where average compensation is computed as the average of an individual ' s five highest years of earnings. Employees are not required to contribute to this retirement system. The County has no responsibility to the System other than to make the periodic payments required by state statutes. The Florida Division of Retirement issues a publicly available financial report that includes financial statements and required supplementary information for the System. The report may be obtained by writing to Florida Division of Retirement, 2639 Monroe Street, Building C, Tallahassee, FL 32399-1560. Participating employer contributions are based upon state-wide rates established by the State of Florida. These rates are applied to employee salaries as follows: regular employees, 10. 15%, special risk employees, 21, 16%, and elected officials, 17.99%. The County's contributions made during the years ended September 30, 1999, 1998, and 1997 were $8,027,000, $8,987,000 and $8,462,000, respectively, equal to the actuarially determined contribution requirements for each year. NOTE 20 - POST RETIREMENT BENEFITS OTHER THAN PENSION In addition to the retirement plan described in the previous note, the County provides post retirement health care benefits in accordance with state statutes to all employees who retire from the County on or after attaining age 62 with at least 10 years of service, and who are enrolled in the County' s group health plan. Currently 213 retirees are eligible for this post employment benefit. Expenditures for post retirement health care benefits are recognized as the premiums are paid. During the year ended September 30, 1999, expenditures of $120,454 were recognized for post retirement health care. C-48 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 21 - DEFERRED COMPENSATION PLAN The County offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. NOTE 22 - SUBSEQUENT EVENTS Incor oration of Marathon — Effective November 30, 1999, the portion of Monroe County located in the Middle Keys between Mile Marker 47 and 60 was incorporated as the City of Marathon. Beginning in fiscal year 2000, the incorporation of Marathon will have an undetermined effect on certain local and state shared revenues previously received by Monroe County. The redistribution of the revenues will occur by operation of law and by mutual agreement between Marathon and the County. The full extent of the revenue redistribution is not known at March 10, 2000. The incorporation will also affect the delivery of government services and the ownership of infrastructure within the incorporated area. The County and Marathon are negotiating interlocal agreements which will transfer certain infrastructure and provide for a transition of certain government services from the County to Marathon. NOTE 23 - RECOGNITION OF CLOSURE AND POST CLOSURE COST State and federal laws require final cover and closure as well as post closure care of the County's landfills. 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 is 100% used and has no remaining landfill life. Closure of these landfills was substantially completed during the year ended September 30, 1994. The County has another landfill site which has never been used. Accordingly, no future closure cost is accruable except for post closure costs estimated to be incurred in the coming year. 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. The landfill is required C-49 MONROE COUNTY,—FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30,-1999 NOTE 23 - RECOGNITION OF CLOSURE AND POST CLOSURE COST (Continued) by state and federal laws and regulations to make annual contributions to a cash escrow account to meet financial assurance requirements. The landfill is in compliance with these requirements at September 30, 1999 with cash and investments of $1,788,320 held for these purposes. 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. NOTE 24 - LITIGATION The County is a defendant in various lawsuits and is involved in other disputes wherein substantial amounts are claimed. In the opinion of the County, these suits and claims should not result in judgements or settlements which, in aggregate, would have a material adverse effect on the County's financial condition. NOTE 25 - COMMITMENTS AND CONTINGENCIES Grant Programs - The County participates in a number of federally assisted grant programs. These programs are subject to financial and compliance audits by the grantors or their representatives. As of March 10, 2000 there were no material questioned or disallowed costs as a result of grant audits in process or completed. 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. The County has estimated that there will be no significant liability for arbitrage rebate. 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 noncommencement of construction. Industrial Development Bonds - By resolution adopted February 21, 1995, the County authorized the issuance of $3,400,000 of Industrial Development Revenue C-50 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1999 NOTE 25 - COMMITMENTS AND CONTINGENCIES (Continued) Bonds for the North Key Largo Utility Corporation Project. The bonds were subsequently issued March 9, 1995 and are secured by a mortgage on certain real estate owned by The North Key Largo Utility Corporation. These bonds do not constitute an obligation of the County and mature March 2025. By resolution adopted April 9, 1999, the Board of County Commissioners acting as the Monroe County Industrial Development Authority approved the issuance of $8,000,000 of Industrial Development Revenue Bonds for the Key West Brewery, Inc. The bonds were issued in two series, Series 1999A in the amount of $5,850,000 due January 1, 2030 and Series 1999B in the amount of $1,500,000 due January 1, 2009. The bonds are secured by mortgages on certain real estate owned by the Key West Brewery, Inc. and do not constitute an obligation of the County. C-51 GENERALFUND The General Fund is the general operating fund of the County. It is used to account for all financial resources except for those required to be accounted for in another fund. The General Fund has a greater number and variety of revenue sources than any other fund, and its resources finance a wider range of activities. The resources of the General Fund are ordinarily largely expended and replenished on an annual basis. MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES I L GENERALFUND FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable _Budget Actual (Unfavorable) Revenues: Taxes $ 1 , 9 ,516 15, 2,995 92,479 Licenses and Permits 200,000 486,380 26,380 Intergovernmental 7, 05,100 10, 17,056 3,011,956 Charges for Services 2, 07,560 3,296,539 788,979 Fines and Forfeitures 22 , 00 10,961 (217,539) Investment Income 75 ,000 1, ,887 59, 7 Miscellaneous 16,908 359,921 213,013 Total Revenues 26,733,584 31,508,739 4,775,155 Expenditures: Current: GeneralGovernment: Board of County Commissioners 1,24 ,50 1,209,012 39,538 County Administrator 36 ,71 327,293 42,488 Public Works Management 151,324 18,919 2, 05 Public Safety Management 175,592 169,747 5,845 Community Services Management 8 ,111 82,862 249 County Attorney 8 ,72 613, 1 231, 01 Office of Management & Budget 472,473 452,136 20,37 Information Systems 1,244,802 1,17 , 01 66,501 Personnel 383,770 353,682 30,088 Vehicle Replacement 12,200 1 ,200 Public Works Facilities Maintenance 4,207,0893,768,433 38,656 A Compliance 20,000 16,731 3,269 Value Adjustment Board 1 ,000 7, 66 7, 34 Community Services-Marine Projects 6 , 0 63,751 1,689 Promotional Advertising 5,000 1,873 3,17 Tax Increment Payment 29,066 29,066 -® Quasi External Services 22,000 17,745 4,255 Clerk to CC-Financial Package 51, 0 7,664 44,016 Clerk to Board of County Commissioners 834,196 828,937 5,259 Internal Audit 136,067 11,40 1 ,627 TDC Audit Function 128,250 97,759 , 91 Insurances-Clrk BOCC, Internal &TDC Audit 148,768 148,768 -- Tax Collector 2, ,14 2,343,563 146,621 Property Appraiser 2,547,349 2,459,680 87,669 Sheriff 7 ,025 826,483 (71, 58) Supervisor of Elections 800,532 781,325 19,207 Insurances-Supervisor of Elections 8 , 0 82,020 -- Total General Government 17, 23,991 16,18,077 1,185,914 -1 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND ACTUALCHANGES IN FUND BALANCE - BUDGET AND GENERAL FUND - CONTINUED FOR THE FISCAL , 1 Variance Favorable Budget Actual -(Unfavorable) Public Safety: Hurricane 12,000 4,852 7,148 Communications 518,202 480,158 38,044 Emergency Medical Services Administration 17,87 132,194 25,63 Emergency Management 27,331 194,668 12,663 Marathon EOC 68,760 48,904 19,856 Radiological Emergency Preparedness 119,181 75,263 43,918 Emergency Medical Air Transportation 20,000 -- 20,000 Medical Examiner 297,464 296,264 1, 00 Red Cross Lower Keys 49,882 49,882 -- Sheriff 30,194,499 29,507,978 686, 21 Total Public Safety 31,6 ,16 30,790,163 854,993 PhysicalEnvironment: Extension Service 181,392 165,894 15,498 Isla orada Franchise Fees 84,931 8 ,931 -- Total Physical Environment 266,323 250,82515, 98 Transportation: County Engineer 91,050 29,850 61,200 Economic Environment: Literacy Volunteers of America 10,000 10,000 -- Veteran's Affairs 392,45 374, 1 18,014 Total Economic Environment 402,45 38 , 31 18,014 Human Services: Health Care Respite Act 100,000 --- 10 ,000 Hospice of the Florida Keys 49,764 49,76 -- Public Works Animal Shelter 692, 21 634,084 58,437 aysore Manor 433,590 404,633 28,97 Rural Health Network Van 50,000 50,000 -- Middle Keys Guidance Clinic 498,900 498,853 47 Upper Keys Guidance Clinic 87,444 87,444 -- Care Center for Mental Health 213,616 212,573 1,03 The Heron 24,882 24,734 18 Monroe County Assoc for Retarded Citizens 30,550 3 ,50 -_ Older Americans Volunteer Program 4,000 386 3,614 Legal Aid 17,500 13,619 3,881 -2 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Welfare Administration 647,469 586,569 60,900 Welfare Services 799,500 530,015 269,485 Hurricane Relief for Elderly 39,806 -- 39,806 Big Brothers\Big Sisters 20,911 20,911 -- Florida Keys Children Shelter 26,569 26,569 -- Wesley House 24,882 24,882 -- Help Line 20,901 20,901 -- Domestic Abuse Shelter 22,891 22,891 -- Florida Keys Outreach Coalition 7,962 7,962 -- Salvation Army 25,000 -- 25,000. Healthy Kids Program 21,350 8,166 13,184 Shared Services 2,500 -- 2,500 Bayshore Donations 130 -- 130 Total Human Services 3,862,638 3,255,506 607,132 Culture and Recreation: Heart of the Keys Recreation 18,000 18,000 -- Big Pine Athletic Association 18,000 18,000 -- Boys and Girls Club 30,000 29,987 13 Boys and Girls Club-Upper Keys 23,600 10,653 12,947 Higgs Beach Maintenance 113,325 97,534 15,791 Monroe County Museums 17,579 5,239 12,340 Lower Keys AARP 1,995 1,446 549 Middle Keys AARP 1,995 1,995 -- Upper Keys AARP 15 1 14 Big Pine Key AARP 1,995 1,966 29 Fine Arts Council 45,000 45,000 -- Historic Keys Foundation 30,000 30,000 Library Admin Support 466,115 446,972 19,143 Library Key West 572,509 560,971 11,538 Library Key West Donations 24,434 9,071 15,363 Library Marathon 255,274 232,105 23,169 Library Marathon Donations 5,844 1,521 4,323 Library Islamorada 247,522 245,178 2,344 Library Islamorada Donations 5,220 .4,113 1,107 Library Key Largo 359,004 340,126 18,878 Library Key Largo Donations 9,663 1,776 7,887 Library Big Pine Key 182,621 178,540 4,081 Library Big Pine Key Donations 12,566 2,377 10,189 Total Cultural and Recreation 2,442,276 2,282,571 159,705 D-3 (Continued) MONROE COUNTY, FLORIDA REVENUES,SCHEDULE OF EXPENDITURES CHANGES E T AND ACTUAL CONTINUEDGENERAL FUND - FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budgetc I (Unfavorable) Court elated: Clerk of the Court-Records Management 201,868 198,204 3,664 Clerk of the Court-Recording 285,245 278,820 6, 25 Clerk of the Court-Administrative 240,875 237,364 ,511 Clerk of the Court-Jury Management 5 , 5 52,963 2,492 Clerk of the Circuit Court-Criminal 493,233 489,810 3,423 Clerk of the Circuit Court-Civil 272,949 272,275 67 Clerk of the Circuit Court-Family 12 ,684 1 ,123 1,561 Clerk of the Circuit Court-Juvenile 74,109 70,401 3,708 Clerk of the Circuit Court-Probate 45,944 42,327 3,617 Clerk of the Court-information Systems 564,180 560,816 3,364 Clerk of the County Court-Criminal 3 , 5 357,028 2,257 Clerk of the County Court-Civil 11, 97 139, 11 2,486 Clerk of the County Court-Traffic 453,857 448,119 5,738 Insurances-Jury Management 17,753 7,95 9,848 Insurances-Administration 19,217 18,832 385 Insurances-Circuit Criminal 90,021 90,021 -- Insurances-information Systems 39,718 39,718 -- Insurances-Circuit Civil 52,998 52,98 -- Insurances-Circuit Family , 1 2,049 282 Insurances-Circuit Juvenile 13, 1 13,071 -- Insurances-Circuit Probate 6,613 6,613 Insurances-Records Management/Recording 85,651 8 ,832 81 Insurances-County Criminal 71,405 71,405 -- Insurances-County Civil 29,25 29,255 -- Insurances-County Traffic 95,367 95,367 -- State Attorney 152,729 132,102 20,627 Public Defender 214,668 214,241 427 Court Administration 76,605 68,786 7,819 Court A in-Judicial Support 286,63 281,622 5, 31 Court Admin-Staff Attorney 8,482 6,4192, 63 Court Ad min-Jury ana e ent 8,192 8,192 -- Court in- asters 9,378 3,563 5,815 Court d in- asters 9,778 338 9,440 Court Ad min-Circuit Court Reporter Services 385,632 313,42 72,190 Court in- itness Coordination 34,758 33,611 1,17 Court in-Circuit Drug Court 167,892 19,01 18,851 Court A in-Pretrial Release 44 , 01 433,705 1 , 96 Court Admin- they Circuit Court Criminal Cost 1 , 1 13,072 2,359 Court Admin- ro Se Services 10 , 03 94,989 5,91 Court drain-Custody isit Evaluation 15,000 1 ,937 63 Court drain- uarian Ad Litern 1 ,597 131,968 1 , 29 Court d in- Cher Circuit Court Juvenile 90,829 83,934 6,85 - (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Court Admin-Clinical Evaluations 18,320 18,320 -- Court Admin-Masters Hearing Officers 17,463 13,308 4,155 Court Admin-Attorney's Fees 26,200 11,783 14,417 Court Admin-Other Circuit Court Probate Costs 31,270 29,606 1,664 Court Admin-Information Systems 172,488 106,401 66,087 Court Admin-County Court Interpreters 36,357 33,427 2,930 Court Admin-Other County Court Criminal Costs 9,400 5,267 4,133 Total Court Related 6,312,407 5,984,901 327,506 Debt Service: Principal Retirement -- 26,256 (26,256) Interest and Fiscal Charges -- 1,444 (1,444) Total Debt Service -- 27,700 (27,700) Total Expenditures 62,346,286 59,144,024 3,202,262 Excess of Revenues Over/ (Under) Expenditures (35,612,702) (27,635,285) 7,977,417 Other Financing Sources/(Uses): Reserve for Contingencies (1,109,487) -- 1,109,487 Operating Transfers from Other Funds 33,777,614 33,068,991 (708,623) Operating Transfers to Other Funds (3,960,991) (2,772,954) 1,188,037 Total Other Financing Sources(Uses) 28,707,136 30,296,037 1,588,901 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - Budgetary Basis (6,905,566) 2,660,752 9,566,318 Total Adjustments -- 2,286 2,286 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- GAAP Basis (6,905,566) 2,663,038 9,568,604 Fund Balance, October 1, 1998 21,463,502 21,463,502 -- Residual Equity Transfer In -- 14 14 Residual Equity Transfer Out —_ (602,322) (602,322) Fund Balance, September 30, 1999 $ 14,5572936 $ 23,524,232 $ 8,966,296 - - SPECIAL REVENUE FUNDS AFFORDABLE HOUSING PROGRAMS To account for revenues and expenditures of various low income housing programs. FINE AND FORFEITURE To account for revenues received from fines and forfeitures imposed from the commission of statutory offenses, ad valorem taxes that are transferred to the Sheriffs Department, and to account for operations of the County's court support system. ROAD AND BRIDGE To account for all revenues, operating expenditures and capital improvements for the construction and maintenance of roads and bridges. LAW LIBRARY To account for all revenues and expenditures for the County's law library. TOURIST DEVELOPMENT DISTRICTS To account for the local option three cent bed tax in five district funds and an Administrative and Promotional Fund for the expenditures of advertising, promotions, and special events of the County Tourist Development Council, GOVERNMENTAL FUND TYPE GRANTS To account for operating revenue and expenditures for certain federal and state grants. IMPACTFEES To account for the revenues and expenditures relating to impact fees collected for roadways, parks and recreation, libraries, solid waste, police facilities and fire and EMS. FIRE AND AMBULANCE DISTRICTS To account for revenues and expenditures in districts for fire and ambulance services. TRANSLATOR SYSTEM SERVICE DISTRICT To account for all revenues and expenditures for the County's television translator system. UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. UNINCORPORATED AREA SERVICE DISTRICT To account for all revenues and expenditures for planning, building and zoning and parks and recreation services provided only to the unincorporated areas of the County. (Continued) SPECIAL REVENUE FUNDS-CONTINUED 911 ENHANCEMENT FEE$ To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 emergency telephone system. DUCK KEY SECURITY DISTRICT To account for the revenues and expenditures in providing security services for the Duck Key District. LOCAL HOUSING ASSISTANCE To account for the revenues and expenditures for the administration and implementation of the State Housing Initiatives Partnership Program. NON-AD VALOREM ASSESSMENTS To account for the non-ad valorem assessment revenues and expenditures for street and road improvements for Winston Waterways and for water circulation improvements through the installation of culverts in the Jolly Roger Estates and Cudjoe Gardens. BOATING IMPROVEMENTS 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. FLORIDA KEY'S MARINA To account for all revenues and expenditures for the Florida Key's Marina. COMPREHENSIVE PLAN LAND AUTHORITY To account for the revenues and expenditures for purchasing unbuildable, recreational and conservational property and repackaging the property to meet the land use requirements. SHERIFF'S FORFEITURE To account for the Sheriffs revenues produced from forfeitures and expenditures in the prevention, investigation, detection and identification of crime. This fund does not have a legally adopted budget. SHERIFF'S HIDTA GRANTS To account for all revenues and expenditures for the Sheriff Department's HIDTA programs. SHERIFF'S MISCELLANEOUS , To account for the revenues and expenditures of other Sheriffs services as follows: • Alcohol Beverage and Tobacco • Federal Asset Sharing Program • Airport Services 0 Off-Duty MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS SEPTEMBER 30, 1999 Affordable ine Road Housing n and Law Programs eiture Bridge Library ASSETS Assets: Cash and Cash Equivalents $ 127, 70 13,151,861 $ 14,117,215 30,926 Accounts Receivable: Other -- 12 118 -- Allowance for Other uncollectible -- -- -- Mortgages/Notes Receivable 660,716 -- -- ®_ Allowance for Mortgage Receivable (387,27 ) -- Inventory of Land for Resale -- -- -- ®� ue from Other Funds ®_ 7,932 12, 98 Due from Other Governmental units -- 1,68,441 455,858 3,180 Interest Receivable -- -- -- Total Assets 01,012 $ 1 ,808,366 $ 1 ,585,489 34,106 LIABILITIES AND FUNDul Liabilities: Accounts Payable $ - $ 10,954 $ 158,243 $ 1,546 etainae Payable ®- -- 75,074 -- Due to Other Funds -- 899 516,469 -- Due to Other Governmental units -- 12,77 2,215 -- Accrued Comp. Absences Payable -® -- 8,803 -- Accrued Wages and Benefits Payable -- 21,748 119, 76 1,621 Deposits in Escrow -- - 300 -- Deferred Revenues 273, 2 -- -- Other Current Liabilities -- 774 136 -- Total Liabilities 273,442 157,122 880,816 3,167 Fund Equity: FundBalances: Reserved for Encumbrances -- -- 105,581 -- Reserved for Land Acquisition -- -- -- Reserved for Inventory -- -- -- -- Reserved for Mortgage Loans Unreserved, Designated forBeaches- -- -- -_ unreserved, undesinated 127,570 14,651,244 13,599,092 30,939 Total Fund Equity 17, 70 14,651,244 13,70 , 73 30,939 Total Liabilities and Fund Equity $ 401,012 $ 14,808, 66 1 85,49 $_ 34,106 E-1 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS -CONTINUED SEPTEMBER 30, 1999 Tourist Tourist Dev. Tourist Tourist Development, Admin. & Development, Development, All Districts, Promotional, District#One, District#Two, Two Cent Two Cent Three Cent Three Cent ASSETS Assets: Cash and Cash Equivalents $ 3,199,543 $ 3,474,989 $ 2,929,628 $ 261,615 Accounts Receivable: Other 2 184 -- -- Allowance for Other Uncollectible -- -- Mortgages/Notes Receivable -- -- -- -- Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale -- -- -- Due from Other Funds 12,041 -- 3,978 319 Due from Other Governmental Units 24,807 51,405 19,890 1,949 Interest Receivable -- -- -- Total Assets $ 3,236,393 $ 3,526,578 $ 2,953,496 $ 263,883 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 231,491 $ 152,516 $ 184,370 $ 10,083 Retainage Payable -- -- -- Due to Other Funds -- 18,294 -- -- Due to Other Governmental Units 5,842 891 919 23 Accrued Comp. Absences Payable -- -- -- -- Accrued Wages and.Benefits Payable 167 2,666 959 798 Deposits in Escrow -- -- -- -- Deferred Revenues -- -- -- -- Other Current Liabilities 35 -- -- Total Liabilities 237,535 174,367 186,248 10,904 Fund Equity: Fund Balances: Reserved for Encumbrances -- -- -- -- Reserved for Land Acquisition Reserved for Inventory -- -- -- -- Reserved for Mortgage Loans -- -- -- Unreserved, Designated for Beaches -- -- 641,662 -- Unreserved, Undesignated 2,998,858 3,352,211 2,125,586 252,979 Total Fund Equity 2,998,858 3,352,211 2,767,248 252,979 Total Liabilities and Fund Equity $_ 3,236,393 $ 3,526,578 $ 2,953,496 $ _ 263,883 E-2 Tourist Tourist Tourist Development, Development, Development, Governmental Impact Fees, Dist.#Tree, Dist.#Four, District ffive, Fund Type Impact Fees, Parks and Three Cent Three Cent Three Cent Grants Roadways Recreation 387,503 $ 607,539 $ 841,832 $ 5,257,901 $ 6,971,549 $ 732,666 -- -- -- 10,070 -- -- 948 993 1,338 1,659,907 3,608 4,817 5,217 6,232 2,954,506 2,848 393,268 $ 613,749 $ 849,402 $ %882,384 $ 6,974,397 $ 736,274 15,725 $ 12,444 $ 17,619 $ 3,257,695 $ 30,487 340 -- -- -- 23,057 -- 2,278 1,286,918 56 56 75 871,341 60 65 74 80,758 700 1,861,692 -- 100 -- ............. 15,841 12,565 17,768 7,382,261 30,487 2,618 -- 202,951 -- 377,427 601,184 831,634 2,297,172 6,943,910 733,656 377,427 601,184 831,634 2,500,123 6,943,910 733,656 393,268 $ 613,749 $ 849 4 02 $ 9,882,384 $ 6,974,397 $ 736,274_ E-3 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS - CONTINUED_ SEPTEMBER 30, 1999 Impact Fees, Impact Fees, Impact Fees, Impact Fees, Police Fire and Libraries Solid Waste Facilities _EMS _ ASSETS Assets: Cash and Cash Equivalents $ 284,534 $ 183,743 $ 559,227 $ 199,398 Accounts Receivable: Other -- -- -- -- Allowance for Other Uncollectible -- -- -- -- Mortgages/Notes Receivable -- -- -- -- Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale -- -- -- -- Due from Other Funds -- -- -- -- Due from Other Governmental Units 2,178 576 135 945 Interest Receivable -- -- -- -- Total Assets $ 286,712 $ 184,319 $ 559,362 $ 200,343 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 9,740 $ 64 $ 150 $ 105 Retainage Payable -- -- -- Due to Other Funds -- -- 32,740 -- Due to Other Governmental Units -- -- -- Accrued Comp. Absences Payable Accrued Wages and Benefits Payable - -- -- -- Deposits in Escrow -- -- -- -- Deferred Revenues -- -- -- -- Other Current Liabilities -- -- -- -- Total Liabilities 9,740 64 32,890 105 Fund Equity: Fund Balances: Reserved for Encumbrances -- 18,964 Reserved for Land Acquisition -- -- -- -- Reserved for Inventory -- -- -- -- Reserved for Mortgage Loans -- -- -- -- Unreserved, Designated for Beaches -- -- -- -- Unreserved, Undesignated 276,972 165,291 526,472 200,238 Total Fund Equity 276,972 184,255 526,472 200,238 Total Liabilities and Fund Equity $ 286,712 $ 184,319 $ 559,362 $_ 200,343 E-4 Fire &Amb. Translator Upper Keys Unincor nincorp. District#1, System Health are it &Amb. Area Service Area Service Lowerand Service Special District#6, District, Dist., Planning, Middle Keys District Taxing ist® Key Largo Parks & Rec. Bl oning 1,842,583 $ 34,538 $ 3,804,948 $ 614,454 $ 887,967 $ 6,318,828 2,680,003 -- 637 4 -- 5 (2,302,245) -- -- -- -- 222 46,602 6,728 14,702 63,139 2,266,943 $ 34,538 $ 3,805,585 $ 621,186 $ 902,891 $ 6,381,972 413,135 $ 16,090 $ 4,804 $ 37,211 $ 40,662 $ 120,592 14,738 3,416 119,630 1,918 206 1,258 732 4,670 -- 1,349 537, 2,323 26,781 153,008 4,562 1,938 25,799 182,902 -- -- 1,440 -- -- 261 523 299 568,061 16,090 25,659 41,205 73,455 456,314 8,027 9,510 272 4,944 9,870 4,378 1,690,855 8,938 3,779,654 575,037 819,566 5,921,280 1,698,882 18,448 3,779,926 579,981 829,436 5,925,658 2,266,943 $ 34,538 $ 3,805,585 $ 621,186 $ ____902L891 $ 6,381,972 E-5 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS - CONTINUED SEPTEMBER 30, 1999 Cudjoe 911 Duck Key Local Gardens Enhancement Security Housing Municip. Svc. Fees District Assistance Culv. Dist. ASSETS Assets: Cash and Cash Equivalents $ 378,304 $ 102,126 $ 1,051,694 $ 82,593 Accounts Receivable: Other 26,708 -- -- -- Allowance for Other Uncollectible -- -- Mortgages/Notes Receivable 1,438,961 Allowance for Mortgage Receivable -- Inventory of Land for Resale Due from Other Funds -- Due from Other Governmental Units 1 32,869 Interest Receivable — 35,391 -- Total Assets $ 405,012 $ 102,127 $ 2,558,915 $ 82,593 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 85,874 5,124 $ 3,289 $ 46,996 Retainage Payable -- 19,007 Due to Other Funds -- Due to Other Governmental Units 5,229 Accrued Comp. Absences Payable 1,053 Accrued Wages and Benefits Payable 1,776 Deposits in Escrow -- Deferred Revenues 1,438,961 Other Current Liabilities -- -- Total Liabilities 88,703 5,124 1,447,479 66,003 Fund Equity: Fund Balances: Reserved for Encumbrances -- -- 4,030 Reserved for Land Acquisition Reserved for Inventory Reserved for Mortgage Loans Unreserved, Designated for Beaches Unreserved, Undesignated 316,309 97,003 1,111,436 12,560 Total Fund Equity 316,309 97,003 1,111,436 16,590 Total Liabilities and Fund Equity $ A05,012 $ 102,127 _Z,558J_915 $ 82,593 E-6 Jolly Roger Winston Comprehensive Estates Waterway Miscellaneous Florida Plan Municip. Svc. Municip. Svc. Boating Special Keys Marina- Land CuIv. Dist. Taxing Dist. Improvement Revenue Marathon Authority 22,475 507,460 $ 725,866 $ 71,589 $ 12,241,756 -- -- -- -- 4,630 492,214 -- 10,446,947 167,042 -- 18,035 185,279 22,475 507,460 $ 910,943 $ 71,589 $ 23,370,826 ........... 15,000 24,650 $ 26,060 $ 14,500 $ 7,475 -- -- -- 5,279 324 1,127 2,057 462 2,010 -- 380 36,271 ............ 22,475 33,113 62,331 15,666 2,010 8,018 -- 1,991,672 10,446,947 492,214 466,329 848,612 55,923 10,437,983 -- 474,347 848,612 55,923 23,368,816 22,475 507,460 $ 910,9.43 71,589 $ 23,370,826 E-7 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS -CONTINUED SEPTEMBER 30, 1999 Sheriff s Sheriffs Alcohol Federal Sheriff s Beverage & Sheriffs Asset Sharing Airport Tobacco Off-Duty Program Services _ ASSETS Assets: Cash and Cash Equivalents $ -- $ -- $ 25,033,099 $ -- Accounts Receivable: Other -- -- -- Allowance for Other Uncollectible -- -- -- -- Mortgages/Notes Receivable -- -- -- -- Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale -- -- -- -- Due from Other Funds -- -- -- -- Due from Other Governmental Units -- 187 15,275 156,420 Interest Receivable -- -- -- -- Total Assets $ -- $ 187 $ 25,048,374 $ 156,420 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ -- Retainage Payable Due to Other Funds -- 187 -- 156,420 Due to Other Governmental Units -- -- 15,275 -- Accrued Comp. Absences Payable -- -- -- Accrued Wages and Benefits Payable Deposits in Escrow -- -- -- -- Deferred Revenues -- -- -- -- Other Current Liabilities -- -- -- -- Total Liabilities -- 187 15,275 156,420 Fund Equity: Fund Balances: Reserved for Encumbrances Reserved for Land Acquisition Reserved for Inventory -- -- -- -- Reserved for Mortgage Loans -- -- -- -- Unreserved, Designated for Beaches -- -- -- Unreserved, Undesignated -- -- 25,033,099 -- Total Fund Equity -- -- 25,033,099 -- Total Liabilities and Fund Equity $ -- _ $ 187 $ _ 25,048,374 $ ___156420 E-8 Sheriffs Sheriffs HIDTA Forfeiture--------- ...... Grants Total 249,820 $ 92,483 $ 107,381,822 -- 3,098 2,725,591 -- (2,302,245) 2,591,891 (387,274) -- 10,446,947 -- 41,897 1,912,523 314,850 432,865 6,469,936 - -- 35,391 564,670 $ 70,343 $ 128,874,582 113,196 $ 419,617 $ 5,590,372 -- -- 126,891 201,654 2,356,644 249,820 1,173,597 -- -- 41,973 150,726 753,732 -- 1,380 3,611,806 -- 2,128 ........... 564,670 570,343 13,658,523 -- 376,545 1,991,672 10,446,947 492,214 641,662 101,267,019 -- 115,216,059 564,670 570,343 $ 128,874,582 E-9 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Affordable in Road Housing and and Law Programs-- Forfeiture Bridge Library Revenues: Taxes $ $ 31,562,137 $ 1,747,235 $ Licenses & Permits -- -- Intergovernmental 91,128 3,268,030 -- Charges for Services 2,252,262 21,872 42,810 Fines & Forfeitures 1,590,086 -- -- Investment Income 6,274 881,222 706,194 769 Miscellaneous 19,531 90,340 — Total Revenues 6,274 36,396,366 5,833,671 43,579 Expenditures: Current: General Government 71,825 Public Safety 5,010,184 Physical Environment -- -- Transportation 4,873,219 Economic Environment 95,787 Human Services 782,768 Culture and Recreation -- -- -- Court Related 532,657 67,203 Debt Service Total Expenditures 5,614,666 5,751,774 67,203 Excess of Revenues Over/ (Under) Expenditures 6,274 30,781,700 81,897 (23,624) Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- 33,741 Operating Transfers to Other Funds (30,071,964) (531,825) -- Capital Lease Acquisition Total Other Financing Sources/(Uses) (30,071,964) (531,825) 33,741 Excess of Revenues and Other Sources Over/(Under) Expenditures & Other Uses 6,274 709,736 (449,928) 10,117 Fund Balance, October 1, 1998 121,296 13,952,696 14,154,601 20,822 Residual Equity Transfer In -- -- -- -- .Residual Equity Transfer Out -- (11,188) --- Fund Balance, September 30, 1999 $ 127,570 $ 14,651,244 $ 13,704,673 $ 30,939 E-10 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Tourist Tourist Dev. Tourist Tourist Development, Admin. & Development, Development, All Districts, Promotional, District#One, District#Two, Two Cent _ Two Cent Three Cent Three Cent_ Revenues: Taxes $ 2,228,138 $ 4,617,140 $ 1,847,792 $ 159,535 Licenses & Permits -- -- -- -- Intergovernmental -- -- -- Charges for Services 26,831 55,599 22,251 1,921 Fines & Forfeitures -- -- -- Investment Income 147,257 152,681 132,799 12,345 Miscellaneous -- 32,855 -- Total Revenues 2,402,226 4,858,275 2,002,842 173,801 Expenditures: Current: General Government -- -- -- -- Public Safety -- -- -- -- Physical Environment -- -- -- -- Transportation -- -- -- -- Economic Environment 2,083,038 5,037,373 1,769,739 191,217 Human Services -- -- -- -- Culture and Recreation -- -- -- -- Court Related -- -- -- -- Debt Service -- -- -- Total Expenditures 2,083,038 5,037,373 1,769,739 191,217 Excess of Revenues Over/ (Under) Expenditures 319,188 (179,098) 233,103 (17,416) Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- -- Operating Transfers to Other Funds -- (44,000) (6,050) (550) Capital Lease Acquisition -- _ -- -- Total Other Financing Sources/(Uses) -- _ (44,000) (6,050) (550) Excess of Revenues and Other Sources Over/(Under) Expenditures & Other Uses 319,188 (223,098) 227,053 (17,966) Fund Balance, October 1, 1998 2,679,670 3,575,309 2,540,195 270,945 Residual Equity Transfer In -- -- -- -- Residual Equity Transfer Out -- Fund Balance, September 30, 1999 $ 2,998,858 $ 3,352,211 $ 2,767,248 $ 252,979 E-11 Tourist Tourist Tourist Development, Development, Development, Governmental Impact Fees, Dist.#Three, Dist.#Four, District#Five, Fund Type Impact Fees, Parks and Three Cent Three Cent Three Cent Grants Roadways Recreation 397,033 $ 446,426 $ 571,851 $ 13,937,944 4,781 5,376 6,886 92,857 18,814 28,758 38,021 310,990 351,486 36,292 -- -- -- 246,262 277,297 110,390 420,628 480,560 616,758 14,588,053 628,783 146,682 6,101,390 -- 5,313,527 847,805 -- 147,841 711,120 481,432 442,078 500,629 238,601 -- -- -- -- 2,047,206 -- 1,053,889 98,925 271,437 -- 481,432 442,078 500,629 16,021,696 711,120 98,925 (60,804) 38,482 116,129 (1,433,643) (82,337) 47,757 ................. 1,848,294 -- (1,210) (1,430) (1,760) (1,003,874.) (1,210) (1,430) (1,760) 844,420 (62,014) 37,052 114,369 (589,223) (82,337) 47,757 439,441 564,132 717,265 3,089,346 7,026,247 685,899 ____377 42T $ 601,184 $ 831,634 $ 2,500,123 $ 6 943, 10 $ 733,656 E-12 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Impact Fees, Impact Fees, Impact Fees, Impact Fees, Police Fire and Libraries Solid Waste Facilities EMS_ Revenues: Taxes $ -- Licenses & Permits -- -- -- -- Intergovernmental -- -- -- -- Charges for Services -- -- -- -- Fines & Forfeitures -- -- -- -- Investment Income 17,328 10,319 35,194 9,377 Miscellaneous 101,171 20,195 49,854 30,726 Total Revenues 118,499 30,514 85,048 40,103 Expenditures: Current: General Government -- -- -- Public Safety -- -- 350,787 18,210 Physical Environment -- 45,194 -- Transportation -- -- -- -- Economic Environment -- -- -- -- Human Services -- -- -- -- Culture and Recreation 99,578 -- -- -- Court Related -- -- -- -- Debt Service -- -- -- -- Total Expenditures 99,578 45,194 350,787 18,210 Excess of Revenues Over/ (Under) Expenditures 18,921 (14,680) (265,739) 21,893 Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- -- -- Operating Transfers to Other Funds -- -- -- -- Capital Lease Acquisition -- -- -- -- Total Other Financing Sources/(Uses) -- -- -- -- Excess of Revenues and Other Sources Over/(Under) Expenditures & Other Uses 18,921 (14,680) (265,739) 21,893 Fund Balance, October 1, 1998 258,051 198,935 792,211 178,345 Residual Equity Transfer In -- -- -- -- Residual Equity Transfer Out -- -- -- -- Fund Balance, September 30, 1999 $ 276,972 $ 184,255 $ 526,472 $ 200,238 E-13 __ -_ - it &Amb. Translator Upper Keys Unincorp. Unincorp. District#1, System Health Care Fire &Amb. Area Service Area Service Lower and Service Special District#6, District, Dist.,P Tannin g, Middle Keys District Taxing Dist. Key Largo Parks & Rec. Bldg. &Zoning 3,296,089 $ 71 $ 195 521,897 1,019,686 $ 4,222,916 -- -- -- 1,638,551 16,275 1,734 6,760 1,297,236 6,620 46,482 341,662 -- -- -- -- -- 58,477 143,764 1,695 190,590 35,095 56,807 332,581 3,451 - 3,939 122 31,149 10,793 4,756,815 1,766 194,724 563,734 1,155,858 6,611,740 181,631 -- -- 25,655 1,789,722 5,196,090 25,846 470,928 3,074,060 -- -- -- 576,900 191,072 -- -- 1,075,378 5,377,721 25,846 191,072 496,583 1,075,378 5,440,682 (620,906) (24,080) 3,652 67,151 80,480 1,171,058 (14,737) (1,790) (118,130) (14,737) -- (1,790) (118,130) (620,906) (24,080) (11,085) 67,151 78,690 1,052,928 2,319,788 42,528 3,791,011 512,830 751,636 4,872,730 -- -- -- -- (890) -- 1,698,882 $ 18,448 $ 3,779,926 $ 579,981 $ 829,436 $ 5,925,658 E-14 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Cudjoe 911 Duck Key Local Gardens Enhancement Security Housing Municip. Svc. Fees District Assistance CuIv. Dist. Revenues: Taxes $ -- $ -- $ -- $ -- Licenses & Permits -- -- -- Intergovernmental -- -- 911,909 -- Charges for Services 330,443 -- -- Fines & Forfeitures -- -- -- Investment Income 34,443 5,749 37,459 9,146 Miscellaneous -- 69,328 94,872 -- Total Revenues 364,886 75,077 1,044,240 9,146 Expenditures: Current: General Government -- 2,063 -- Public Safety 753,189 58,412 -- -- Physical Environment -- -- -- 193,033 Transportation -- -- -- -- Economic Environment -- -- 462,034 -- Human Services -- -- -- Culture and Recreation -- -- -- -- Court Related -- -- -- -- Debt Service -- -- -- -- Total Expenditures 753,189 60,475 462,034 193,033 Excess of Revenues Over/ (Under) Expenditures (388,303) 14,602 582,206 (183,887) Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- -- Operating Transfers to Other Funds -- -- -- -- Capital Lease Acquisition -- -- -- -- Total Other Financing Sources/(Uses) -- -- -- -- Excess of Revenues and Other Sources Over/(Under) Expenditures & Other Uses (388,303) 14,602 582,206 (183,887) Fund Balance, October 1, 1998 704,612 82,401 529,230 200,477 Residual Equity Transfer In -- -- -- -- Residual Equity Transfer Out -- _ -- -- -- Fund Balance, September 30, 1999 $ 316,309 $ 97,003 $ 1,111,436 $ 16,590 E-15 - - -- Jolly Roger Winston Comprehensive Estates Waterway Miscellaneous Florida Plan Municip. Svc, Municip. Svc. Boating Special Keys Marina- Land CuIv. Dist. Taxing Dist. Improvement Revenue Marathon Authority -- 598 -- 170,817 17,845 -- 2,484,610 -- 8,416 39,189 230,231 -- 211,496 -- -- 3,405 184 21,929 14,487 2,732 512,401 -- 25,810 4,092 3,017,880 3,405 184 192,746 278,652 46,013 6,245,122 - ---------- 3,215,500 -- -- -- 16,450 -- 98,314 36,743 125,313 -- 27,190 -- -- 115,090 800 -- 98,314 36,743 125,313 44,440 115,090 3,215,500 (94,909) (36,559) 67,433 234,212 (69,077) 3,029,622 19,692 -- -- 125,000 - (15,417) -- 19,692 (15,417) -- 125,000 ............... (75,217) (36,559) 52,016 234,212 55,923 3,029,622 75,217 36,573 422,331 -- -- 20,339,194 -- -- -- 614,400 -- 4) 474,347 $ 848,612 $ 55,923 $ 23,368,816 E-16 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Sheriffs Sheriff's Alcohol Federal Sheriffs Beverage & Sheriff's Asset Sharing Airport Tobacco Off-Duty Program Services_ _ Revenues: Taxes $ -- $ -- $ -- $ -- Licenses & Permits Intergovernmental -- -- -- -- Charges for Services 64,883 5,433 -- 290,080 Fines & Forfeitures -_ __ 25,132,846 -- Investment Income -- -- 21,696 -- Miscellaneous -- -- -- -- Total Revenues 64,883 5,433 25,154,542 290,080 Expenditures: Current: General Government -- __ __ -- Public Safety 64,883 5,433 249,259 272,587 Physical Environment -- -- -- -- Transportation -- -- -- -- Economic Environment -- -- -- -- Human Services -- -- -- -- Culture and Recreation -- -- -- __ Court Related -- -- -- -- Debt Service -- -- -- 37,109 Total Expenditures 64,883 5,433 249,259 309,696 Excess of Revenues Over/ (Under) Expenditures -- -- 24,905,283 (19,616) Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- -- Operating Transfers to Other Funds -- -- -- -- Capital Lease Acquisition -- -- -- 19,616 Total Other Financing Sources/(Uses) -- -- -- 19,616 Excess of Revenues and Other Sources Over/(Under) Expenditures & Other Uses -- -- 24,905,283 -- Fund Balance, October 1, 1998 -- -- 127,816 -- Residual Equity Transfer In -- -- -- Residual Equity Transfer Out -- -- -- -- Fund Balance, September 30, 1999 $ -- _ $ _-- $ 25,033,099 $ -- Sheriff s Sheriff s HIDTA Forfeiture Grants Total 52,638,141 1,639,149 1,801,449 9,551,570 32,260,071 -- -- 5,194,121 845,304 27,838,209 3,715 4,323,998 -- -- 4,240,057 2,650,468 9,551,570 128,133,746 -- -- 11,387,786 2,650,468 9,551,570 33,081,883 -- -- 1,923,302 5,732,180 11,301,928 3,048,236 2,442,860 872,097 -- - 37,109 ..... ............-.- ....... 2,650,468 9,551,570 69,827,381 -- -- 58,306,365 2,026,727 (31,812,737) 19,616 (29,766,394) 28,539,971 86,073,780 614,400 (12,092) $ 115,.216,059 E-18 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL AFFORDABLE HOUSING PROGRAMS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget _ Actual (Unfavorable) Revenues: Investment Income $ -- $ 6,274 $ 6,274 Expenditures: Current: Economic Environment: Affordable Housing Initiatives 50,000 -- 50,000 Elderly Homeowner Rehabilitation 16,126 -- 16,126 Rental Rehab 26,472 -- 26,472 Total Expenditures 92,598 -- 92,598 Excess of Revenues Over/ (Under) Expenditures (92,598) 6,274 98,872 Other Financing Sources/(Uses): Reserve for Contingencies (5,000) -- 5,000 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (97,598) 6,274 103,872 Fund Balance, October 1, 1998 121,296 121,296 -- Fund Balance, September 30, 1999 $ 23,698 $ 127,570 $ 103,872 E-19 COUNTY,MONROE FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN T AND ACTUAL FINE AND FORFEITUREI FUND FOR THE FISCAL Y30, 1999 Variance Favorable Budget t al (Unfavorable) Revenues: - -- -- faxes 32,384,175 31,562,17 ( 22,038) Intergovernmental 35,000 91,128 56,128 Charges for Services 1,517,001 2,252,262 75,261 Fines and Forfeitures 1,261, 89 1,590,086 328,597 Investment Income 621,696 881,222 259,526 Miscellaneous 7,000 19, 31 12,531 Total Revenues 35,826,361 36, 96, 66 570,005 Expenditures: Current: GeneralGovernment: Tax Increment Payment 71,85 71,825 _- Vehicle Replacement 2,919 2,919 Total General Government 74,744 71,825 2,919 Public Safety: Sheriffs Group Insurance 3,782,263 3,689,485 92,778 LEEA Funds 75,000 75,000 Jail Operations 109,29 107,117 2,112 Public Works Correction Facilities 1,18 ,280 1, 70,100 115,180 Keys to Recovery Program 68,482 68, 82 -- Total Public Safety 5,220,254 5,010,184 210,070 Court elated: Sheriff Extradition 76,500 49,780 2 ,720 Court Reporting Services 81,000 75,607 5,393 Clinical Evaluations 50,000 36, 85 13,715 Court Interpreters 34,000 33,39 61 Witness Coordination 77,495 77,485 10 Expert Witness Fes 56,50 51,701 4,799 Public Defender Conflicts 244,000 19 , 5 5 ,295 Other Circuit Court Criminal Costs 23,500 17,75 5,765 Total Court Related 642,995 532,67 110,338 Total Expenditures 5,937,993 5,61 ,666 323,327 -20 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL FINE AND FORFEITURE SPECIAL REVENUE FUND-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget _Actual (Unfavorable) Excess of Revenues Over/ (Under) Expenditures 29,888,368 30,781,700 893,332 Other Financing Sources/(Uses): Reserve for Contingencies (849,011) -- 849,011 Operating Transfers to Other Funds (30,749,524) (30,071,964) 677,560 Total Other Financing Sources/(Uses) (31,598,535) (30,071,964) 1,526,571 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,710,167) 709,736 2,419,903 Fund Balance, October 1, 1998 13,952,696 13,952,696 -- Residual Equity Transfer Out (11,188) (11,188) -- Fund Balance, September 30, 1999 $ 12,231,341 $ _ 14,651,244 $ 2,419,903 E-21 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL ROAD AND BRIDGE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 4,050,000 1,747,235 $ (2,302,765) Intergovernmental 3,268,030 3,268,030 Charges for Services 19,500 21,872 2,372 Investment Income 500,000 706,194 206,194 Miscellaneous 33,000 90,340 57,340 Total Revenues .4,602,509 5,833,671 1,231,171 Expenditures: Current: Transportation: Road Department 2,913,785 2,201,032 712,753 not Key Bridge 144,390 105,557 38,833 County Engineer 692,636 256,282 436,354 Local Option as Tax: Street Lighting 300,784 204,544 96,240 Local Option as Tax Projects 1,578,880 89,930 1,488,950 80% as Tax 7,106,168 1,910,463 5,195,705 In-House Projects 250,000 105,411 144,589 Total Transportation 12,986,643 4,873,219 8,113,424 Economic Environment: Veteran's Affairs Transportation 101,474 95,787 5,687 Human Services: Guidance Clinic Transport 13,000 13,000 Transportation - Human Services 910,428 769,768 140,660 Total Human Services 923,428 782,768 140,660 Total Expenditures 14,011,545 5,751,774 8,259,771 Excess of Revenues Over/ (Under) Expenditures (9,409,045) 81,897 9,490,942 Other Financing Sources/(Uses): Reserve for Contingencies (448,863) 448,863 Operating Transfers to Other Funds (558,493) (531,825) 26,668 E-22 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL ROAD AND BRIDGE SPECIAL REVENUE FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Total Other Financing Sources/(Uses) (1,007,356) -(531,825) 475,531 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (10,416,401) (449,928) 9,966,473 Fund Balance, October 1, 1998 14,154,601 14,154,601 -- Fund Balance, September 30, 1999 $ 3,738,200 $ 13,704,673 $ 9,966,473 E-23 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, i® AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LAW LIBRARY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services 35,000 $ 42,810 7,810 Investment Income 500 769 269 Total Revenues 35,500 43,579 8,079 Expenditures: Current: Court Related: Judicial Support 77,242 67,203 10,039 Excess of Revenues Over/ (Under) Expenditures (41,742) 18,118 Other Financing Sources/(Uses): Reserve for Contingencies (224) -- 224 Operating Transfers from Other Funds 33,741 33,741 Total Other Financing Sources/(Uses) 33,517 33,741 224 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (8,225) 10,117 18,342 Fund Balance, October 1, 1998 20,822 20,822 Fund Balance, September 30, 1999 $ 12,597 $ 30,939 $ 18,342 E-24 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, ALL DISTRICTS, TWO CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,864,816 $ 2,228,138 $ 363,322 Charges for Services -- 26,831 26,831 Investment Income -- 147,257 147,257 Total Revenues 1,864,816 2,402,226 537,410 Expenditures: Current: Economic Environment: Cultural Umbrella 450,000 357,235 92,765 Fishing Umbrella 550,800 470,119 80,681 Dive Umbrella 200,000 190,764 9,236 Operations 1,245,776 1,064,920 180,856 Catastrophic Emergency 464,172 -- 464,172 Total Expenditures 2,910,748 2,083,038 827,710 Excess of Revenues Over/ (Under) Expenditures (1,045,932) 319,188 1,365,120 Fund Balance, October 1, 1998 2,679,670 2,679,670 -- Fund Balance, September 30, 1999 $ 1,633,738 $ 2,998,858 $ 1,365,120 E-25 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, ADMINISTRATIVE AND PROMOTIONAL, TWO CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 3,864,266 $ 4',617,140 $ 752,874 Charges for Services -- 55,599 55,599 Investment Income 152,681 152,681 Miscellaneous -- 32,855 32,855 Total Revenues 3,864,266 4,858,275 994,009 Expenditures: Current: Economic Environment: Advertising and Promotion 4,789,562 4,628,441 161,121 Administrative Services 425,804 408,932 16,872 Catastrophic Emergency 407,823 -- 407,823 Total Expenditures 5,623,189 5,037,373 585,816 Excess of Revenues Over/ (Under) Expenditures (1,758,923) (179,098) 1,579,825 Other Financing Sources/(Uses): Operating Transfers to Other Funds (44,000) (44,000) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,802,923) (223,098) 1,579,825 Fund Balance, October 1, 1998 3,575,309 3,575,309 Fund Balance, September 30, 1999 $ 1,772,386 $ 3,352,211 1,579,825 E-26 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#ONE, THREE CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget _ Actual _ (Unfavorable) Revenues: Taxes $ 1,570,897 $ 1,847,792 $ 276,895 Charges for Services -- 22,251 22,251 Investment Income -- 132,799 132,799 Total Revenues 1,570,897 2,002,842 431,945 Expenditures: Current: Economic Environment: TDC Administrative 49,221 44,099 5,122 Tourist Information Services 207,000 207,000 -- Bricks and Mortar 253,726 207,031 46,695 Special Events 567,753 256,754 310,999 Promotion and Advertising 1,136,109 1,054,855 81,254 Beaches 550,000 -- 550,000 Catastrophic Emergency 253,937 -- 253,937 Total Expenditures 3,017,746 1,769,739 1,248,007 Excess of Revenues Over/ (Under) Expenditures (1,446,849) 233,103 1,679,952 Other Financing Sources/(Uses): Operating Transfers to Other Funds (6,050) (6,050) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,452,899) 227,053 1,679,952 Fund Balance, October 1, 1998 2,540,195 2,540,195 -- Fund Balance, September 30, 1999 $ 1,087,296 $_ 2,767,248 $ 1,679,952 E-27 FLORIDAMONROE COUNTY, STATEMENT OF REVENUES, EXPENDITURES AND CHANGES 1ACTUAL TOURISTi 1 T , THREE CENT SPECIAL REVENUE FUND FISCALFOR THE , 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 19,374 159,535 10,11 Charges for Services -- 1,921 1,921 Investment Income -- 1 , 45 12,345 Total Revenues 149,374 17 ,601 24,427 Expenditures: Current: Economic Environment: TDC Administrative 5,957 4,127 1,830 Tourist Information Services 54,000 54,000 Bricks and Mortar 144,286 74,214 70,072 Special Events 14,223 4,06 10,15 Promotion and Advertising 103,493 54,848 3,6 5 Catastrophic Emergency 9,783 -- 9,783 Total Expenditures 331,742 191,217 140,55 Excess of RevenuesOver/ (Under) Expenditures (18 ,368) (17,416) 164,952 Cher Financing Sources/(Uses): Operating 'Transfers to Other Funds ( 0) (5 0) — Excess of Revenues and Other SourcesOver/ (Under) Expenditures and Other Uses (182,918) (17,966) 164,952 Fund Balance, October 1, 1998 270,945 270,945 -- Fund Balance, September 30, 1999 $ 88,027 252,979 $ 164,952 _2 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#THREE, THREE CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 336,572 $ 397,033 $ 60,461 Charges for Services -- 4,781 4,781 Investment Income -- 18,814 18,814 Total Revenues 336,572 420,628 84,056 Expenditures: Current: Economic Environment: TDC Administrative 12,883 9,090 3,793 Tourist Information Services 80,000 80,000 -- Bricks and Mortar 100,991 69,001 31,990 Special Events 39,161 30,000 9,161 Promotion and Advertising 350,284 293,340 56,944 Catastrophic Emergency 39,322 -- 39,322 - Total Expenditures 622,641 481,431 141,210 Excess of Revenues Over/ (Under) Expenditures (286,069) (60,803) 225,266 Other Financing Sources/(Uses): Operating Transfers to Other Funds (1,210) (1,210) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (287,279) (62,013) 225,266 Fund Balance, October 1, 1998 439,441 439,441 -- Fund Balance, September 30, 1999 $ 152,162 $ 377,428 $ 225,266 E-29 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#FOUR, THREE CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 353,656 $ 446,426 $ 92,770 Charges for Services -- 5,376 5,376 Investment Income 28,758 28,758 Total Revenues 353,656 480,560 126,904 Expenditures: Current: Economic Environment: TDC Administrative 14,649 10,356 4,293 Tourist Information Services 80,000 80,000 Bricks and Mortar 91,979 4,773 87,206 Special Events 59,750 4,965 54,785 Promotion and Advertising 342,915 341,984 931 Catastrophic Emergency 122,904 -- 122,904 Total Expenditures 712,197 442,078 270,119 Excess of Revenues Over/ (Under) Expenditures (358,541) 38,482 397,023 Other Financing Sources/(Uses): Operating Transfers to Other Funds (1,430) (1,430) . ........ Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (359,971) 37,052 397,023 Fund Balance, October 1, 1998 564,132 564,132 Fund Balance, September 30, 1999 $ 204,161 $ qO 1184 397,023 E-30 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT WIVE, THREE CENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 456,034 $ 571,851 $ 115,817 Charges for Services -- 6,886 6,886 Investment Income -- 38,021 38,021 Total Revenues 456,034 616,758 160,724 Expenditures: Current: Economic Environment: TDC Administrative 16,637 12,693 3,944 Tourist Information Services 93,000 93,000 -- Bricks and Mortar 208,192 37,469 170,723 Special Events 14,412 -- 14,412 Promotion and Advertising 477,731 357,467 120,264 Catastrophic Emergency 66,702 -- 66,702 Total Expenditures 876,674 500,629 376,045 Excess of Revenues Over/ (Under) Expenditures (420,640) 116,129 536,769 Other Financing Sources/(Uses): Operating Transfers to Other Funds (1,760) (1,760) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (422,400) 114,369 536,769 Fund Balance, October 1, 1998 717,265 717,265 -- Fund Balance, September 30, 1999 $ 294,865 $ 831,634 $ 536.769_ E-31 MONROE COUNTY, FLORIDA STATEMENTIT CHANGES IN SPECIALGOVERNMENTAL FUND TYPE GRANTS FOR THE FISCAL YEAR , 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental 17,541, 72 13,937,944 (3,603,328) Charges for Services 177,883 92,37 (3 , 26) Investment Income 13,458 310,990 29 , 3 Miscellaneous 3,187,626 246,262 (2, 1,36 ) Total Revenues 20,920,239 1 ,536,053 (6,332,186) Expenditures: Current: General Government: Anti-Drug Program Ad in. 1 19,00 -® 19,000 Florida Communities Trust-ROGO 6,119,390 6,101,390 18,000 Total General Government 6,138,390 6,101,390 37,000 Public Safety: Inmate Intervention/Residential Program 1 112,193 112,193 -® Hazardous Material Flan !Update 6,069 1,826 4,243 Hurricane Andrew Recovery 37 ,462 379,462 20 FEMA-Hurricane Georges 4,459,914 1,91 ,607 2,541,107 FEMA-Tropical Storm Mitch 147,162 91,796 5 ,366 Emergency Management Base Grant 102, 25 86,892 15,333 EMA Mate and Local Assistance 28,940 19,034 ,906 Nutrition Center Shutters 310,375 12,00 298,375 EMS Award Grant 375,268 -- 375,263 Local Mitigation Strategy Project 110, 1 47,052 63,199 Canal Cleanup 4,798,807 2,644,465 2,154,342 Total Public Safety 10,830,686 5,313,527 5,517,159 Physical Environment: Sewage Treatment & Disposal Systems 1,803,398 331,860 1, 71,53 Sanitary Wastewater Master Plan 1,385,491 312,884 1,07 ,607 ecial Waterways Program 118,418 41,060 77,356 Derelict Vessels 1999 61,800 7, 4 , 52 SWPP- CM/BR CM/BR 1999 20,875 1 , 00 7, 75 Stormwater Management Plan 80,278 58,269 22,009 Sentinel Fisheries Program 30,23 17,236 1 ,037 SWPP Installation & Maintenance 15,648 1 ,646 -- Total Physical Environment 3,516,181 847,805 2,668,376 -32 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GOVERNMENTAL FUND TYPE GRANTS SPECIAL REVENUE FUND -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Transportation: Transportation Study Plan Update 240,660 98,639 142,021 Bicycle & Pedestrian Plan II 4,900 4,900 -- Overseas Heritage Trail 180,000 -- 180,000 Bicycle Pedestrian Coordination 71,000 -- 71,000 Dept Of Transportation Aerolite Bus 48,000 44,302 3,698 Total Transportation 544,560 147,841 396,719 Economic Environment: JTPA Summer Youth Emplymnt &Training 219,135 94,869 124,266 JTPA Liaison 27,437 26,389 1,048 JTPA Title IIA/IIC/III Intake Services 124,917 117,343 7,574 Total Economic Environment 371,489 238,601 132,888 Human Services: Heron Residential Program 44,128 43,484 644 Senior Community Serv. Employment 470,951 248,525 222,426 Title III-B Support Services 110,388 58,358 52,030 Title III-CI Congregate Meals 282,731 203,936 78,795 Title III-CII Home Delivered Meals 335,284 227,241 108,043 Title III-D In-Home Services 44,306 32,406 11,900 Alzheimer's Disease Initiative 124,195 71,131 53,064 Community Care for Disabled Adults 230,740 119,117 111,623 Community Care for the Elderly 1,387,161 762,518 624,643 Home Care for the Elderly 34,173 17,852 16,321 Teenline 19,465 15,294 4,171 Sunshine House 53,984 53,984 -- Juvenile Community Intervention 45,014 45,014 -- Florida Keys Youth Council 10,000 -- 10,000 Low Income Home Energy Program 199,245 148,346 50,899 Total Human Services 3,391,765 2,047,206 1,344,559 Culture and Recreation: Library Automation Enhancement 50,000 50,000 -- Gates Center FPR Tech Access 43,374 -- 43,374 Florida Communities Trust-Swartz#2 1,003,889 1,003,889 -- Sombrero Beach Restrooms 91,375 -- 91,375 Artificial Reef Program 50,000 -- 50,000 Total Cultural and Recreation 1,238,638 1,053,889 184,749 E-33 (Continued) MONROE COUNTY, FLORIDA REVENUES,STATEMENT OF EXPENDITURES CHANGES IACTUAL GOVERNMENTAL FUND TYPE GRANTS SPECIAL REVENUE FUND -CONTINUED FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Court elated: Court Reporter rant-in-Aid - Circuit 17,899 17,399 -- rug Court Improvement & Enhancement 123,660 121,909 1,751 Juvenile Drug Court Improv. & Enhancement 42,635 0,002 2,633 Local Law✓ Enforcement Block Grant 51,53 51,523 -- Court Reporter rant-in-Aid - County 1 ,500 1 ,50 -- Traffic Infraction Hearing Office 2 ,30 20,604 6,766 Total Court Related 2 4; 7 271,437 1 ,150 Total Expenditures 26,316,296 16,01,66 10,294,600 Excess of Revenues Over/(Under) Expenditures (5,39 ,057) (1, 3 ,6 ) 3,96 , 14 Other Financing Sources/(Uses): Reserve for Contingencies (89, 57) -- 89,957 Operating `transfers from Other Funds 5,753,639 1,848,294 (3,905,345) Operating Transfers to Other Funds (1,003,374) (1, 03,37 ) ®® Total Other FinancingSources/(Uses) 4,659,808 34, 0 (3,815,388) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (736,249) (589,223) 147,026 Fund Balance, October 1, 1998 3,089,346 3,089,346 -- Fund Balance, September 30, 1999 $_2,353,097 2_1500,123 147,026 E-34 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL IMPACT FEES - ROADWAYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ 168,500 $ 351,486 $ 182,986 Miscellaneous 247,000 277,297 30,297 Total Revenues 415,500 628,783 213,283 Expenditures: Current: Transportation: Fair Share Improvement County Wide 3,154,048 -- 3,154,048 Fair Share Improvement Dist 1 230,206 -- 230,206 Fair Share Improvement Dist 2 814,078 633 813,445 Fair Share Improvement Dist 3 597,422 30,487 566,935 Fair Share Improvement Key Colony Beach 119,744 -- 119,744 Fair Share Improvement Islamorada 680,000 680,000 -- Total Expenditures 5,595,498 711,120 4,884,378 Excess of Revenues Over/ (Under) Expenditures (5,179,998) (82,337) 5,097,661 Other Financing Sources/(Uses): Operating Transfers to Other Funds (60,000) -- 60,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (5,239,998) (82,337) 5,157,661 Fund Balance, October 1, 1998 7,026,247 7,026,247 -- Fund Balance, September 30, 1999 $ 1,786,249 $ 6,943,910 $ 5,157,661 E-35 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income 18,500 $ 36,292 17,792 Miscellaneous 49,000 110,390 61,390 Total Revenues 67,500 146,682 79,182 Expenditures: Current: Culture and Recreation: Fair Share Improvement Dist 1 125,974 125,974 Fair Share Improvement Dist 2 130,099 340 129,759 Fair Share Improvement Dist 3 228,761 340 228,421 Fair Share Improvement Key Colony each 1,425 -- 1,425 Fair are Improvement Islamorada 28,245 28,245 -- Fair Share Improvement Veteran's Park 70,000 70,000 -- Total Expenditures 584,504 ---- 98,925 485,579 Excess of Revenues Over/ (Under) Expenditures (517,004) 47,757 564,761 Fund Balance, October 1, 1998 685,899 685,899 Fund Balance, September 30, 1999 168,895 $ 733656 $ 564,761 E-36 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - LIBRARIES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ 2,000 $ 17,328 $ 15,328 Miscellaneous 110,000 101,171 (8,829) Total Revenues 112,000 118,499 6,499 Expenditures: Current: Culture and Recreation: Fair Share Improvement County Wide 306,400 484 305,916 Fair Share Library Materials 50,000 49,094 906 Fair Share Library Automation 50,000 50,000 -- Total Expenditures 406,400 99,578 306,822 Excess of Revenues Over/ (Under) Expenditures (294,400) 18,921 313,321 Fund Balance, October 1, 1998 258,051 258,051 -- Fund Balance, September 30, 1999 $ (36,349 $ 276,972 $ 313,321 E-37 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - SOLID WASTE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income 3,000 $ 10,319 7,319 Miscellaneous 15,000 20,195 5,195 Total Revenues 18,000 30,514 12,514 ........... Expenditures: Current: Physical Environment: Fair Share Improvement Projects 61,002 128 60,874 Hazardous Waste Covers 70,000 17,150 52,850 MSD Accounting System 35,000 27,916 7,084 Total Expenditures 166,002 45,194 120,808 Excess of Revenues Over/ (Under) Expenditures (148,002) (14,680) 133,322 Fund Balance, October 1, 1998 198,935 198,935 Fund Balance, September 30, 1999 50,933 $ 184,255 $ 1.33,322 E-38 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - POLICE FACILITIES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ 25,000 $ 35,194 $ 10,194 Miscellaneous 40,000 49,854 9,854 Total Revenues 65,000 85,048 20,048 Expenditures: Current: Public Safety: Fair Share Improvement County Wide 1,000 300 700 Detention Facility Plantation Key 454,860 350,487 104,373 Total Expenditures 455,860 350,787 105,073 Excess of Revenues Over/ (Under) Expenditures (390,860) (265,739) 125,121 Fund Balance, October 1, 1998 792,211 792,211 -- Fund Balance, September 30, 1999 $ 4012351 $ 526,472 $ 125,121 E-39 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - FIRE AND EMS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income 5,900 $ 9,377 3,477 Miscellaneous 1.7,000 30,726 13,726 Total Revenues 22,900 40,103 17,203 Expenditures: Current: Public Safety: Fair Share Improvement Dist 1 49,416 49,416 Fair Share Improvement Dist 2 19,988 105 19,883 Fair Share Improvement Dist 3 58,546 105 58,441 Fair Share Improvement Key Colony each 6,532 -® 6,532 Fair Share Improvement Islamorada 18,000 18,000 -- Total Expenditures 152,482 18,210 134,272 Excess of Revenues Over/ (Under) Expenditures (129,582) 21,893 151,475 Fund Balance, October 1, 1998 178,345 178,345 -- Fund Balance, September 30, 1999 $ 48,763 $ 200,238 $ 151,475 E-40 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#1 - LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 3,395,113 $ 3,296,089 $ (99,024) Intergovernmental 10,000 16,275 6,275 Charges for Services 1,283,000 1,297,236 14,236 Investment Income 100,000 143,764 43,764 Miscellaneous -- 3,451 3,451 Total Revenues 4,788,113 4,756,815 (31,298) Expenditures: Current: General Government: Tax Collector 162,000 95,697 66,303 Property Appraiser 95,000 85,934 9,066 Total General Government 257,000 181,631 75,369 Public Safety: District 1 Central Services 37,611 37,309 302 Fire Rescue - Central 2,354,448 1,782,626 571,822 Lower& Middle Keys Ambulance District 3,488,732 3,376,155 112,577 Total Public Safety 5,880,791 5,196,090 684,701 Total Expenditures 6,137,791 5,377,721 760,070 Excess of Revenues Over/ (Under) Expenditures (1,349,678) (620,906) 728,772 Other Financing Sources/(Uses): Reserve for Contingencies (111,133) -- 111,133 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,460,811) (620,906) 839,905 Fund Balance, October 1, 1998 2,319,788 2,319,788 -- Fund Balance, September 30, 1999 $ 858,977 $ 1,698,882 $ _ 839,905 E-41 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TRANSLATOR SYSTEM SERVICE DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 71 $ 71 Investment Income 1,695 1,695 Total Revenues 1,766 1,766 Expenditures: Current Public Safety: 40,000 25,846 .14,154 Excess of Revenues Over/ (Under) Expenditures (40,000) (24,080) 15,920 Fund Balance, October 1, 1998 42,528 42,528 and Balance, September 30, 1999 2,528 $ 18,4.48 $ 15,920 ............. E-42 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ -- $ 195 $ 195 Investment Income 100,000 190,590 90,590 Miscellaneous -- 3,939 3,939 Total Revenues 100,000 194,724 94,724 Expenditures: Current: General Government: Tax Collector Fees 100 -- 100 Human Services: Trauma Care Administration 143,794 84,357 59,437 Transportation and Treatment 1,248,586 104,618 1,143,968 Pre-Transportation Hospital & Physical Care 147,879 2,097 145,782 Upgrading Facilities & Staff Services 887,266 -- 887,266 Total Human Services 2,427,525 191,072 2,236,453 Total Expenditures 2,427,625 191,072 2,236,553 Excess of Revenues Over/ (Under) Expenditures (2,327,625) 3,652 2,331,277 Other Financing Sources/(Uses): Reserve for Contingencies (101,375) -- 101,375 Operating Transfers to Other Funds (16,000) (14,737) 1,263 Total Other Funding Sources/(Uses) (117,375) (14,737) 102,638 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (2,445,000) (11,085) 2,433,915 Fund Balance, October 1, 1998 3,791,011 3,791,011 -- Fund Balance, September 30, 1999 $ 1,346,011 $ 3,779,926 $ 2,433,915 E-43 COUNTY,MONROE FLORIDA REVENUES,STATEMENT OF EXPENDITURES CHANGES I ACTUAL FIRE AND AMBULANCE DISTRICTY LARGO SPECIAL FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 536,108 521,897 (14,211) Charges for Services -- 6,620 6,620 Investment Income 15,00 35,095 20,095 Miscellaneous -- 122 12 Total Revenues 551,108 563,734 1 ,66 Expenditures: Current: GeneralGovernment: Tax Collector Fees 24,000 15, 57 8,943 Property Appraiser Fees 12,000 10,598 1,402 Total General Government 36,000 25,655 1 ,35 Public Safety: Key Largo Volunteer Ambulance 317,511 272,412 45,099 Key Largo Volunteer Fire Dept. 376,351 198,516 177,835 Total Public Safety 693,862 470,928 2 ,93 Total Expenditures 729,862 496,583 233, 7 Excess of RevenuesOver/ (Under) Expenditures (173,7 ) 67,151 245,905 Other inancin ources/( es): Reserve for Contingencies (10,000) -- 10,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (188,754) 67,151 255,905 Fund Balance, October 1, 1998 512,830 1 , 0 -- Fund Balance, September 3 , 1999 24,07 579,981 255,905 4 ONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT- PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable _ Budget Actual (Unfavorable) Revenues: Taxes $ 1,050,464 $ 1,019,686 $ (30,778) Intergovernmental -- 1,734 1,734 Charges for Services 25,000 46,482 21,482 Investment Income 25,000 56,807 31,807 Miscellaneous 10,000 31,149 21,149 Total Revenues 1,110,464 1,155,858 45,394 Expenditures: Current: Culture and Recreation: Parks & Beaches Unincorporated 1,264,151 1,075,378 188,773 Vehicle Replacement 3,995 -- 3,995 Total Expenditures 1,268,146 1,075,378 192,768 Excess of Revenues Over/ (Under) Expenditures _ (157,682) 80,480 238,162 Other Financing Sources/(Uses): Reserve for Contingencies (14,005) -- 14,005 Operating Transfers to Other Funds (7,790) (1,790) 6,000 Total Other Financing Sources/(Uses) (21,795) (1,790) 20,005 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (179,477) 78,690 258,167 Fund Balance, October 1, 1998 751,636 751,636 -- Residual Equity Transfer Out -- (890) (890) Fund Balance, September 30, 1999 $ 5721159 $ _ 829,436 $ 257,277 E-45 COUNTY,MONROE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES FLORIDA UNINCORPORATEDIDISTRICT - PLANNING, BUILDING ZONING SPECIAL REVENUE FUND - CONTINUED FOR THE FISCAL , 1 Variance Favorable Budget Actual (Unfavorable) Excess of RevenuesOver/ (Under) xpenitres (1,36 ,64) 1,171,058 2,557,682 Other Financing Sources/(Uses): Reserve for Contingencies (352, 52) -- 352,02 Operating Transfers to Other Funds (116,130) (118,130) -- Total Other Financing Sources/(Uses) (470,132) (118,130) 352,052 Excess of Revenues and Other Sources Over/ (under) Expenditures and Other Uses (1,856,80 ) 1,052,928 2,909,734 Fund Balance, October 1, 1998 4,872,730 4,872,730 -- Fund Balance, September 30, 1999 $ 3,015,924 5,925658 $ 2,909,734 E-46 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT - PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Excess of Revenues Over/ (Under) Expenditures (1,386,624) 1,171,058 2,557,682 Other Financing Sources/(Uses): Reserve for Contingencies (352,052) -- 352,052 Operating Transfers to Other Funds (118,130) (118,130) -- Total Other Financing Sources/(Uses) (470,182) (118,130) 352,052 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,856,806) 1,052,928 2,909,734 Fund Balance, October 1, 1998 4,872,730 4,872,730 -- Fund Balance, September 30, 1999 $ 3,015,924 $ 5,925,658 $ 2,909,734 E-47 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL 911 ENHANCEMENT FEES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual--..— (Unfavorable) Revenues: Charges for Services 305,349 $ 330,443 $ 25,094 Investment Income 5,000 34,443 29,443 Total Revenues 310,349 364,886 54,537 Expenditures: Current: Public Safety: 911 Emergency System 854,832 753,189 101,643 Excess of Revenues Over/ (Under) Expenditures (544,483) (388,303) 156,180 and Balance, October 1, 1998 704,612 704,612 -- Fund Balance, September 30, 1999 160,129 $ 316, 09 $ 15§,180 E-48 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DUCK KEY SECURITY DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ 2,000 $ 5,749 $ 3,749 Miscellaneous 65,000 69,328 4,328 Total Revenues 67,000 75,077 8,077 Expenditures: Current: General Government: Tax Collector Fees 2,200 2,063 137 Public Safety: Island Security 91,650 58,412 33,238 Total Expenditures 93,850 60,475 33,375 Excess of Revenues Over/ (Under) Expenditures (26,850) 14,602 41,452 Other Financing Sources/(Uses): Reserve for Contingencies (9,800) -- 9,800 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (36,650) 14,602 51,252 Fund Balance, October 1, 1998 82,401 82,401 -- Fund Balance, September 30, 1999 $ 45,751 $ 97,003 $ 51,252 E-49 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LOCAL HOUSING ASSISTANCE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental 536,912 $ 911,909 $ 374,997 Investment Income -- 37,459 37,459 Miscellaneous 100,000 94,872 (5,128) Total Revenues 636,912 1,044,240 407,328 Expenditures: Current: Economic Environment: Home Ownership/Rehab Existing 427,818 132,380 295,438, Home Ownership/Fair Housing 24,000 20,057 3,943 Administration 57,698 57,698 -- Rental Rehabilitation 120,800 71,339 49,461 Poinciana 100,000 100,000 -- Disaster Mitigation/Recovery 100,000 80,560 19,440 Total Expenditures 830,316 462,034 368,282 Excess of Revenues Over/ (Under) Expenditures (193,404) 582,206 775,610 Other Financing Sources/(Uses): Reserve for Contingencies (25,000) -- 25,000 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - Budgetary Basis (218,404) 582,206 800,610 Adjustment for Mortgage Receivables (24,276) (24,276) Adjustment for Mortgage Loans Made 24,276 24,276 Total Adjustments -- -- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - GAAP Basis (218,404) 582,206 800,610 Fund Balance, October 1, 1998 529,230 529,230 -- Fund Balance, September 30, 1999 $ 310,826 $ 1_J 1143§ $ 800610 E-50 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL CUDJOE GARDENS MUNICIPAL SERVICE CULVERT DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ -- $ 9,146 $ 9,146 Total Revenues -- 9,146 9,146 Expenditures: Current: Physical Environment: Cudjoe Gardens Culverts 200,477 _ 193,033 7,444 Excess of Revenues Over/ (Under) Expenditures (200,477) (183,887) 16,590 Fund Balance, October 1, 1998 200,477 200,477 -- Fund Balance, September 30, 1999 $ -- $ 16,590 $ 16,590 E-51 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL JOLLY ROGER ESTATES MUNICIPAL SERVICE CULVERT DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income 3,405 $ 3,405 Total Revenues 3,405 3,405 Expenditures: Current: Physical Environment: Jolly Roger Estates Culverts 98,314 98,314 Excess of Revenues Over/ (Under) Expenditures (94,909) (94,909) Other Financing Sources/(Uses): Operating Transfers from Other Funds ----19,-692 19,692 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (75,217) (75,217) and Balance, October 1, 1998 75,217 75,217 Fund Balance, September 30, 1999 $ -- $ -- E-52 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL WINSTON WATERWAY MUNICIPAL SERVICE TAXING DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Investment Income $ -- $ 184 $ 184 Expenditures: Current: Physical Environment: Special Assessment Refund 40,000 36,743 3,257 Excess of Revenues Over/ (Under) Expenditures (40,000) (36,559) 3,441 Fund Balance, October 1, 1998 36,573 36,573 -- Residual Equity Transfer Out -- (14) (14) Fund Balance, September 30, 1999 $ 3 427 $ -- $ 3,427 E-53 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL BOATING IMPROVEMENT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental 162,000 $ 170,817 $ 8,817 Investment Income 21,929 21,929 Total Revenues 162,000 192,746 30,746 Expenditures: Current: Physical Environment: Channel Marker 2 Bonefish Bay 2,000 2,000 Navigation Boot/Sisters 8,225 8,225 Navigation Lake Pg/Layton 10,375 10,375 Piling Caps 1,513 1,513 Derelict Vessels-Marathon 23,985 23,985 Boating Improvement 115,496 115,496 Marine Debris Removal 7,325 2,513 4,812 Boating Improvement Funds 49,530 48,616 914 Coco Plum Channel Markers 1,750 1,750 Derelict Vessels one 1 50,000 12,180 37,820 Derelict Vessels one 2 50,000 50,000 Derelict Vessels one 3 50,000 2,128 47,872 DV03A2591, 2605, 2603 9,600 9,600 Aids to Navigation 4,735 4,735 DV Hurricane Georges 25,000 24,977 23 Pump-Out and Dump Station 1 23,450 2,949 20,501 Sunset Point Boat Ramp 2,500 2,500 Other Uses Fund 157 50,000 50,000 Total Expenditures 485,484 125,313 360,171 Excess of Revenues Over/ (Under) Expenditures (323,484) 67,433 390,917 Other Financing Sources/(Uses): Operating Transfers to Other Funds (18,418) (15,417) 3,001 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (341,902) 52,016 393,918 Fund Balance, October 1, 1998 422,331 422,331 Fund Balance, September 30, 1999 $ 80,429 $ 474,347 393,918 .. .................... E-54 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL MISCELLANEOUS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Licenses and Permits $ -- $ 598 $ 598 Intergovernmental 17,845 17,845 -- Charges for Services -- 8,416 8,416 Fines and Forfeitures -- 211,496 211,496 Investment Income 806 14,487 13,681 Miscellaneous Revenues -- 25,810 25,810 Total Revenues 18,651 278,652 260,001 Expenditures: Current: Public Safety: Law Enforcement 17,845 -- 17,845 Emergency Disaster Relief 437,568 16,450 421,118 Total Public Safety 455,413 16,450 438,963 Economic Environment: Industrial Development Authority 30,271 -- 30,271 Human Services: Florida Keys Council Handicapped 11,188 1,381 9,807 Rekoendt Bequest 25,809 25,809 -- Total Human Services 36,997 27,190 9,807 Culture/Recreation: Wilhelmina Harvey Park 6,806 -- 6,806 Circuit Court Family: Alternative Dispute Resolution-Family 4,390 800 3,590 Alternative Dispute Resolution-Civil 15,056 -- 15,056 Total Circuit Court Family 19,446 800 18,646 Total Expenditures 548,933 44,440 504,493 Excess of Revenues Over/ (Under) Expenditures (530,282) 234,212 764,494 E-55 (Continued) MONROE COUNTY, FLORIDA MISCELLANEOUSSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL i FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget— Actual (Unfavorable) Other Financing Sources/(Uses): Operating Transfers from ther Funds 530,282 ®® (530,282) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses -- 23 ,212 234,212 Fund Balance, October 1, 1998 -- -- -- Residual Equity Transfer In 614,401 614,400 (1) Fund Balance, September 30, 1999 61 , 01 43,612 34, 11 -5 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FLORIDA KEYS MARINA-MARATHON SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual _ (Unfavorable) Revenues: Charges for Services $ -- $ 39,189 $ 39,189 Investment Income -- 2,732 2,732 Miscellaneous Revenues -- 4,092 4,092 Total Revenues -- 46,013 46,013 Expenditures: Current: Culture/Recreation: Marathon Marine Facility 125,000 115,090 9,910 Excess of Revenues Over/ (Under) Expenditures (125,000) (69,077) 55,923 Other Financing Sources/(Uses): Operating Transfers from Other Funds 125,000 125,000 -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses -- 55,923 55,923 Fund Balance, October 1, 1998 -- -- Fund Balance, September 30, 1999 $ -- $ 55,923 $ 55,923 E-57 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental 7,750,000 $ 2,484,610 (5,265,390) Charges for Services 27,000 230,231 203,231 Investment Income 100,000 512,401 412,401 Miscellaneous 100,000 3,017,880 2,917,880 Total Revenues 7,977,000 6,245,122 (1,731,878) Expenditures: Current: General Government: Administrative 304,280 192,703 111,577 Land and Land Rights Acquisition 13,863,048 2.,012,481 11,850,567 Total Expenditures 14,167,328 2,205,184 11,962,144 Excess of Revenues Over/(Under) Expenditures - Budgetary Basis (6,190,328) 4,039,938 10,230,266 Adjustment to Report Expenditures for Land and Mortgage Loans as an Asset 13,863,048 1,979,548 (11,883,500) Adjustment to Report Cost of Land Sold as an Expenditure (2,989,864) (2,989,864) Total Adjustments 13,863,048 (1,010,316) (14,873,364) Excess of Revenues Over/(Under) Expenditures - GAAP Basis 7,672,720 3,029,622 (4,643,098) Fund Balance, October 1, 1998 20,339,194 20,339,194 Fund Balance, September 30, 1999 28011I 914 $ — 23L368,816 $ (4,643,098) E-58 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL SHERIFF'S ALCOHOL BEVERAGE AND TOBACCO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services $ 64,883 $ 64,883 $ -- Expenditures: Current: Public Safety 64,883 64,883 -- Excess of Revenues Over/ (Under) Expenditures -_ Fund Balance, October 1, 1998 -- -- -- Fund Balance, September 30, 1999 $ -- $ -- E-59 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SHERIFF'S OFF-DUTY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services 5,433 5,433 $ Expenditures: Current: Public Safety 5,433 5,433 Excess of Revenues Over/ (Under) Expenditures Fund Balance, October 1, 1998 Fund Balance, September 30, 1999 E-60 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SHERIFF'S FEDERAL ASSET SHARING PROGRAM SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ 25,132,846 $ 25,132,846 $ -- Investment Income 21,696 21,696 -- Total Revenues 25,154,542 25,154,542 -- Expenditures: Current: Public Safety 25,282,358 249,259 25,033,099 Excess of Revenues Over/ (Under) Expenditures (127,816) 24,905,283 25,033,099 Fund Balance, October 1, 1998 127,816 127,816 -- Fund Balance, September 30, 1999 $ -- $ 25,033,099 $ 25 033,099 E-61 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SHERIFF'S AIRPORT SERVICES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services 309,696 $ -290,080.. (19,616) Expenditures: Current: Public Safety 272,587 272,587 Debt Service: Principal 34,795 34,795 Interest 2,314 2,314 Total Debt Service 37,109 37,109 Total Expenditures 309,696 309,696 Excess of Revenues Over/ (Under) Expenditures -- (19,616) (19,616) Other Financing Sources/(Uses): Capital Lease Acquisition 19,616 19,616 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses -- Fund Balance, October 1, 1998 Fund Balance, September 30, 1999 $ E-62 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SHERIFF'S HIDTA GRANTS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 9,606,852 $ 9,551,570 $ (55,282) Expenditures: Current: Public Safety 9,606,852 9,551,570 55,282 Excess of Revenues Over/ (Under) Expenditures -- -- Fund Balance, October 1, 1998 -- -- __ Fund Balance, September 30, 1999 $ -- $ -- $ -- E-63 DEBT SERVICE FUNDS To account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred in the refunding of the 1983 Refunding Improvement Bonds. 1993 REFUNDINQ IMPROVEMENT BONDS-1988 To account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred in the refunding of the 1988 A & B Improvement Bonds. SALES TAX REVENYEANDAEEUNPjN9_QQNO To account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred in the building of the new Monroe County Detention Facility. CLERK'S REVENUE NQTE To account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred for the Clerk's network system. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS SEPTEMBER 30, 1999 1993 1993 Sales Tax Refunding Refunding Revenue & Improvement Improvement Refunding Bonds-1983 Bonds-1988 Bonds ASSETS Assets: Restricted Assets: Cash and Cash Equivalents $ 200,577 $ 539,039 $ 287,311 Interest Receivable -- -- -- Total Assets $ 200,577 $ 539,039 $ 287,311 LIABILITIES AND FUND EQUITY Liabilities: Payable from Restricted Assets: Accrued Interest Payable $ -- $ -- $ 435,075 Fund Equity: Reserved for Debt Service 200,577 539,039 (147,764) Total Liabilities and Fund Equity $ 200,577 $ 539,039 $ 287,311 F-1 Clerk's Revenue Note Total 37,402 $ 1,064,329 241 241 37,643 $ 1,064,570 $ $ 435,075 ---.37,643 629,495 37,643 $ 1,064,570 F-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 1993 1993 Sales Tax Refunding Refunding Revenue& Improvement Improvement Refunding Bonds-1983 Bonds-1988 Bonds Revenues: Intergovernmental $ -- $ 675,000 $ -- Investment Income 16,821 13,063 23,985 Total Revenues 16,821 688,063 23,985 Expenditures: Debt Service 211,408 662,322 4,604,790 Excess of Revenues Over/ (Under) Expenditures (194,587) 25,741 (4,580,805) Other Financing Sources/(Uses): Operating Transfers from Other Funds -- -- 4,055,000 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (194,587) 25,741 (525,805) Fund Balance, October 1, 1998 395,164 513,298 378,041 Fund Balance, September 30, 1999 $ 200,577 $ 539,039 $ (147,764) F-3 Clerk's Revenue Note Total 675,000 3,120 56,989 3,120 731,989 75,627 5,554,147 (72,507) (4,822,158) 101,256 4,156,256 28,749 (665,902) 8,894 1,295,397 37,643 $ 629,495 F-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 1993 Refunding Improvement Bonds - 1983 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 223,250 $ -- $ (223,250) Investment Income 15,000 16,821 1,821 Total Revenues 238,250 16,821 (221,429) Expenditures: Debt Service: Principal Retirement 200,000 200,000 -- Interest 9,500 9,500 -- Fiscal Charges 366,837 1,908 364,929 Total Expenditures 576,337 211,408 364,929 Excess of Revenues Over/ (Under) Expenditures (338,087) (194,587) _ 143,500 Other Financing Sources/(Uses): Reserve for Contingencies (50,000) -- 50,000 Operating Transfers from Other Funds -- -- -- Total Other Financing Sources/(Uses) (50,000) -- 50,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (388,087) (194,587) 193,500 Fund Balance, October 1, 1998 395,164 395,164 -- Fund Balance, September 30, 1999 $ 7,077 $ 200,577 $ 193,500 F-5 1993 RefundingImprovement - 1988 Salesx Revenue & RefundingBonds Variance ri Favorable y r I BudgetActual (Unfavorable) u et Actual ( ref y r t ) 675,000 675,0 -- -- $ -- _® 10, 0 13,063 3,063 100,000 23,985 (76,015) 685,000 688,0633, 63 1 , 00 23,9 (76,015) 400,000 400,000 -- 3,6 ,000 3,630,000 _® 268,470 260,270 8,200 72,3 0 972,300 -- 72,280 2,052 70,226 100,000 2,490 97,510 70,70 662,322 76, 23 4,702,300 4,604,790 ,510 (5 ,70) 25,71 31,491 ( ,62, 0 ) (4,580,805) 21,495 (1 ,000) -- 100,000 ( 03,7 ) -- 203,700 -® 4,706,000 4,055,000 (651,00 ) (100, 00) -- 100, 0 4,502,300 4,055,000 ( 7,30) (155,750) 25,741 161, 91 (100,000) (525,805) (425,805) 513,298 513,298 -- 378,041 378,041 -- 357,548 $ 539,039 181491 ,041 (17,764) 1425,805 ) F-6 (Continued) ONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Clerk's Revenue Note Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ -- $ -- $ -- Investment Income -- 3,120 3,120 Total Revenues 3,120 3,120 Expenditures: Debt Service: Principal Retirement 50,000 50,000 Interest 47,558 21,185 26,373 Fiscal Charges 4,442 4,442 -- Total Expenditures 102,000 75,627 26,373 Excess of Revenues Over/ (Under) Expenditures (102,000) (72,507) 29,493 Other Financing Sources/(Uses): Reserve for Contingencies -- -- Operating Transfers from Other Funds 100,000 101,256 1,256 Total Other Financing Sources/(Uses) 100,000 101,256 1,256 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (2,000) 28,749 30,749 Fund Balance, October 1, 1998 8,894 8,894 -- Fund Balance, September 30, 1999 $ 6,894 $ 37,643 $ 30,749 F-7 Total Variance Favorable Budget Actual (Unfavorable) 898,250 $ 675,000 $ (223,250) 125,000 56,989 (68,011) 1,023,250 731,989 (291,261) 4,280,000 4,280,000 -- 1,297,828 1,263,255 34,573 543,559 10,892 532,667 5,554,147 567,240 (5,098,137) (4,822,158) 275,979 (353,700) -- 353,700 4,806,000 4,156,256 (649,744) 4,452,300 4,156,256 (296,044) (645,837) (665,902) (20,065) 1,295,397 1,295,397 649,560 $ 629,495 $ (20,065) F-8 THIS PAGE INTENTIONALLY LEFT BLANK CAPITAL PROJECT FUNDS To account for capital improvements allocated from the One Cent Infra- structure Tax. SALES TAX BOND CAP.ITAL IMPRO.VEME.NTS To account for capital improvements allocated from the Sales Tax Bond. CLERK!$_REMENM9_MM To account for the Clerk's network system from the Florida Local Government Finance Commission Loan. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL CAPITAL PROJECT FUNDS SEPTEMBER 30, 1999 Sales Tax One Cent Bond Clerk's Infrastructure Capital Revenue Surtax Improvements Note Total ASSETS Cash and Cash Equivalents $ 27,711,039 $ 1,315,136 $ 359,792 $ 29,385,967 Accounts Receivable 10,448 -- -- 10,448 Due from Other Funds 1,166,176 -- 197,746 1,363,922 Due from Other Governmental Units 1,556,098 -- -- 1,556,098 Total Assets $ 30,443,761 $ 1,315,136 $ 557,538 $ 32,316,435 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 605,811 $ -- $ 86,086 $ 691,897 Retainage Payable 310,051 -- -- 310,051 Due to Other Funds 879,925 -- -- 879,925 Accrued Comp. Absences Payable 1,362 -- -- 1,362 Accrued Wages and Benefits Payable 18,229 -- -- 18,229 Deposits in Escrow 8,875 -- -- 8,875 Total Liabilities 1,824,253 -- 86,086 1,910,339 Fund Equity: Fund Balances Reserved for Encumbrances 38,512 -- 5,009 43,521 Fund Balances, Unreserved 28,580,996 1,315,136 466,443 30,362,575 Total Fund Equity 28,619,508 1,315,136 471,452 30,406,096 Total Liabilities and Fund Equity $ 30,443,761 $ 1,315,136 $ 557,538 $ 32,316,435 G-1 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Sales Tax One Cent Bond Clerk's Infrastructure Capital Revenue Surtax Improvements Note Total Revenues: Taxes $ 12,996,907 $ $ -- 12,996,907 Charges for Services -- -- 60,000 60,000 Investment Income 1,366,496 50,495 12,386 1,429,377 Miscellaneous 15,016 — — — 15,016 Total Revenues 14,378,419 50,495 72,386 14,501,300 Expenditures: Capital Outlay: General Government 1,948,691 -- -- 1,948,691 Public Safety 131,259 131,259 Transportation 907 907 Human Services 73,468 73,468 Culture and Recreation 1,989,114 -- 1,989,114 Court Related -- 429,446 429,446 Total Expenditures 4,143,439 -- 429,446 4,572,885 Excess of Revenues Over/ (Under) Expenditures 10,234,980 50,495 (357,060) 9,928,415 Other Financing Sources/(Uses): Operating Transfers from Other Funds 1,477,309 -- 87,000 1,564,309 Operating Transfers to Other Funds (8,890,802) (1,256) (8,892,058) Debt Proceeds 450,000 450,000 Total Other Financing Sources/(Uses) (7,413,493) -- 535,744 (6,877,749) Excess of Revenues and Other Sources Over/(Under) Expenditures and they Uses 2,821,487 50,495 178,684 3,050,666 and Balance, October 1, 1998 25,798,021 1,264,641 292,768 27,355,430 Fund Balance, September 30, 1999 $ 28,619,508 $ 1,315,136 $ 47 1_,452 $ 30,406,096_ G-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL -ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Capital Projects, One Cent Infrastructure Surtax Variance Favorable Budget _ Actual (Unfavorable) Revenues: Taxes $ 8,800,000 $ 12,996,907 $ 4,196,907 Charges for Services -- -- -- Investment Income 500,000 1,366,496 866,496 Miscellaneous -- 15,016 15,016 Total Revenues 9,300,000 14,378,419 5,078,419 Expenditures: Capital Outlay: General Government 9,511,589 1,948,691 7,562,898 Public Safety: Sheriff Facility Projects 1,629 1,629 - Fire Facility Projects 895,000 129,630 765,370 Total Public Safety 896,629 131,259 765,370 Transportation: Construction Management 344,471 203 344,268 Canal Cleanup 7,000 704 6,296_ Total Transportation 351,471 907 350,564 Human Services 102,330 73,468 28,862 Culture and Recreation 5,692,885 1,989,114 3,703,771 Court Related -- -- -- Total Expenditures 16,554,904 4,143,439 12,411,465 Excess of Revenues Over/ (Under) Expenditures (7,254,904) 10,234,980 17,489,884 Other Financing Sources/(Uses): Reserve for Contingencies (2,498,848) -- 2,498,848 Operating Transfers from Other Funds 1,003,874 1,477,309 473,435 Operating Transfers to Other Funds (9,701,370) (8,890,802) 810,568 Debt Proceeds -- -- -- Total Other Financing Sources/(Uses) (11,196,344) (7,413,493) 3,782,851 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (18,451,248) 2,821,487 21,272,735 Fund Balance, October 1, 1998 25,798,021 25,798,021 -- Fund Balance, September 30, 1999 $ 7,346,773 $ 28,619,508 $ 21,272,735 G-3 Capital r j ct , Capital Projects SalesTax Bondital Improvements Clerk's Revenue Note Variance ri nc Favorable r Ie --Budget - Actual (Unfavorable) t_ Actual (Unfavorable) -- -- -- 6 , 00 60,000 -- -- 50,45 50, 95 -- 12,386 12,386 -- 50,495 50, 95 60,000 72,386 12, 86 1,080,000 -- 1,080,000 -- -- __ 1,080,000 -- 1,08 ,000 -- -- -- -- -- -- 895,089 429,446 465,643 1,08 ,000 -® 1,080,000 895,089 429,44665,63 (1,080,000) 50,495 1,130,495 (835,089) (357,060) 478,029 (120,000) -- 120,000 __ __ __ -- -- -- 87,000 87,000 -- -- -- -- (1, 56) (1, 56) _- -- -- -- 449,345 450,000655 (120,000) -- 120,000 535,08935, 4 655 (1,2 ,0 ) 50,495 1,250,495 ( 00,0 ) 178,684 478,684 1,264,641 1,2 ,641 -- 292,768 292,768 -- 1 1, 15,13 1,2 0,4 ___ 7,232) $ 471,452 $ 478,684 G-4 (Continued) FLORIDAMONROE COUNTY, COMBINING 'CATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITALBUDGET AND ACTUAL -ALL FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1999 Total Variance Favorable Budget Actual —(Unfavorable) Revenues: Taxes $ 8,800,000 1 , 6,907 ,16,907 Charges for Services 60,000 60,000 -- Investment Income 500,000 1,49, 77 929,377 Miscellaneous -- 15,01.6 1 ,016 Total Revenues 9,360,000 14,501,300 5,141,300 Expenditures: Capital Outlay: General Government 9,511,589 1,948,691 7,562,898 Public Safety: Sheriff Facility Projects 1,081,629 1,629 1,080, 0 Fire Facility Projects 895,000 129,630 765,370 Total Public Safety 1,976,629 11,259 1,845,370 Transportation: Construction Management 34 , 1 203 344,268 Canal Cleanup 7, 0 704 6,296 Total Transportation 351,471 97 350,564 Human Services 102,330 73,468 28,862 Culture and Recreation 5,692,885 1,989,114 , 0 ,771 Court Related 895,089 . 2 , 465,643 Total Expenditures 18,529,993 , 7 13, 7,10 Excess of RevenuesOver/ (Under) Expenditures (9,169,993) 9,928,415 19,098,408 Cher Financing Sources/(Uses): Reserve for Contingencies (2,618,848) -- 2,618,848 Operating Transfers from Other Funs 1,090,874 1,564,309 7 , 3 Aerating Transfers to Other Funs (9,702,626) (8,892,058) 810,568 Debt Proceeds 449,345 450,000 655 Total Other Financing Sources/(Uses) (10,781,255) (6,877,749) 3, 3, 06 Excess of Revenues and Other SourcesOver/ (Under) Expenditures and Other Uses (19,951,248) 3,050,666 23,001,914 Fund Balance, October 1, 1998 27,355,4302 ,3 ,40 -- Fund Balance, September 30, 1999 $ 7,404,182 302406,096 , 01, 14 ENTERPRISE MUNICIPAL SERVICE DISTRICT--WASTE o account for the operations of solid waste collection, disposal and recycling activities, as well as the closure and post closure of the landfills. BRIDGECARD-SOUND To account for the operations of Monroe Cou 's Card SoundToll Bridge. AIRPORTMARATHON To account for the operations of Monroe Coun 's Marathon Airport. Y WEST AIR-PORT To account for the operations of Monroe oun 's Key WestInternational Airport. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS SEPTEMBER 30, 1999 Municipal Svc Card District Sound Marathon Waste Bridge Airport ASSETS Current Assets: Cash and Cash Equivalents $ 5,471,618 $ 6,247,838 $ 1,007,533 Accounts Receivable: Delinquent Waste Collection Fees 736,935 -- -- Allowance for Uncollectible Waste Collection Fees (685,989) -- -- Other 444,025 -- 18,359 Allowance for Other Uncollectible (52,678) -- -- Due from Other Funds 160,402 1,034 107,587 Due from Other Governmental Units 8,633,966 -- 123,644 Total Current Assets 14,708,279 6,248,872 1,257,123 Restricted Assets: Cash and Cash Equivalents 3,800,638 -- 46,521 Property, Plant and Equipment (Net of Accumulated Depreciation) 7,348,233 4,414,791 4,933,085 Other Assets: Deferred Charges (Net) 201,185 -- Total Assets $ 26,058,335 $ 10,663,663 $ 6,236,729 H-1 Key'west Airport Total $ 478,491 $ 13,205,480 -- 736,935 -- (685,989) 241,239 703,623 -- (52,678) 1,015,147 1,284,170 1,404,990 10,162,600 3,139,867 25,354,141 2,297,371 6,144,530 7,776,867 24,472,976 -- 201,185 $ 13,214,105 $ 56,172,832 -2 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET -CONTINUED ALL ENTERPRISE FUNDS SEPTEMBER 30, 1999 Municipal Svc Card District Sound Marathon Waste Bridge Airport LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 5,269,014 $ 2,162 $ 113,856 Retainage Payable -- -- 28,059 Claims and Judgements Payable 216,608 -- -- Due to Other Funds 392,888 76,000 42,507 Due to Other Governmental Units 1,574 847 5,582 Accrued Comp. Absences Payable 21,844 6,837 791 Accrued Wages and Benefits Payable 43,574 19,226 10,758 Deposits in Escrow 57,377 -- 6,306 Deferred Revenues 679,819 -- -- Capital Leases Payable 175,252 -- -- Other Current Liabilities 18 -- 2 Total Current Liabilities 6,857,968 105,072 207,861 Current Liabilities Payable from Restricted Assets: Accrued Interest Payable 246,644 -- Revenue Bonds Payable 405,000 -- -- Landfill Closure/Post Closure Costs 323,492 Due to Other Funds 150,000 -- -- Total Current Liabilities Payable from Restricted Assets 1,125,136 -- -- Long-Term Liabilities: Accrued Comp. Absences Payable 121,108 27,490 24,100 Capital Leases Payable 1,303,331 -- -- Revenue Bonds Payable 7,020,000 -- -- Total Long-Term Liabilities 8,444,439 27,490 24,100 Total Liabilities 16,427,543 132,562 231,961 Fund Equity: Contributed Capital 3,320,948 2,514,741 4,256,063 Retained Earnings: Reserved for Revenue Bond Retirement 1,765,674 -- -- Unreserved 4,544,170 8,016,360 1,748,705 Total Retained Earnings 6,309,844 8,016,360 1,748,705 Total Fund Equity 9,630,792 10,531,101 6,004,768 Total Liabilities and Fund Equity $ 26,058,335 $ 10,663,663 $ 6,236,729 H-3 Key West Airport— Total 654,766 $ 6,039,798 145,908 173,967 216,608 107,622 619,017 164,412 172,415 29,472 35,678 109,236 12,567 76,250 63,057 742,876 175,252 2,029 2,049 1,186,039 8,356,940 246,644 405,000 323,492 150,000 1,125,136 113,772 286,470 1,303,331 7,020,000 113,772 8,609,801 1,299,811 18,091,877 6,931,610 17,023,362 1,765,674 4,982,684 19,291,919 4,982,684 21,057,593 11,914,294 38,080,955 13,214,105 $ 56,1 72,832 H-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Municipal Svc Card District Sound Marathon Waste Bridge Airport Operating Revenues: Franchise Fees $ 203,022 $ -- Tolls -- 1,172,130 -- Charges for Services 12,788,814 1,200 443,212 Fines and Forfeitures Miscellaneous 22,001 258 1,767 Total Operating Revenues 13,013,837 1,173,588 444,979 Operating Expenses: Personal Services 980,584 420,539 219,209 Operations 40,416,987 101,904 1,637,927 Landfill Closure and Post Closure 672,285 -- -- Depreciation and Amortization 882,945 169,312 130,559 Total Operating Expenses 42,952,801 691,755 1,987,695 Operating Income (Loss) (29,938,964) 481,833 (1,542,716) Non-Operating Revenues (Expenses): Operating Grants 26,045,403 -- 1,066,130 Investment Income 510,767 290,397 60,898 Interest Expenses and Fiscal Charges (593,078) -- -- Loss on Disposition of Assets (1,306) -- (118,732) Total Non-Operating Revenues (Expenses) 25,961,786 290,397 1,008,296 Income (Loss) Before Operating Transfers (3,977,178) 772,230 (534,420) Operating Transfers: Operating Transfers from Other Funds 4,458,423 -- 91,387 Operating Transfers to Other Funds (1,252,288) (76,000) (282,912) Total Operating Transfers 3,206,135 (76,000) (191,525) Net Income (Loss) (771,043) 696,230 (725,945) Fund Equity- October 1, 1998 10,393,773 9,834,871 6,708,277 Contributed Capital 8,062 -- 22,436 Fund Equity- September 30, 1999 $ 9,630,792 $ 10,531,101 $ 6,004,768 H-5 Key West Airport Total $ 203,022 -- 1,172,130 2,482,206 15,715,432 4,782 4,782 6,157 30,183 2,493,145 17,125,549 986,657 2,606,989 2,106,986 44,263,804 -- 672,285 100,505 1,283,321 3,194,148 48,826,399 (701,003) (31,700,850) 702323 27,813,856 171:864 1,033,926 -- (593,078) (120,038) 874,187 28,134,666 ...............-..— -... 173,184 (3,566,184) 947,156 5,496,966 (343,532) (1,954,732) 603,624 3,542,234 776,808 (23,950) 9,464,691 36,401,612 1,672,795 1,703,293 11,914,294 $ 38,080,955 H-6 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Municipal Svc Card District Sound Marathon Waste Bridge Airport Cash flows from operating activities: Cash received for services $ 12,893,939 $ 1,172,520 $ 490,818 Cash payments to suppliers for goods and services (37,588,702) (43,500) (1,600,491) Cash payments to employees for services (978,480) (412,995) (218,787) Other operating revenue 22,001 258 1,767 Net cash provided (used) by operating activities (25,651,242) 716,283 (1,326,693) Cash flows from noncapital financing activities: Operating grants received 18,284,377 -- 741,867 Operating transfers from other funds 4,458,423 -- 25,332 Operating transfers to other funds (1,252,288) (76,000) (240,405) Net cash provided (used) by noncapital financing activities 21,490,512 (76,000) 526,794 Cash flows from capital and related financing activities: Proceeds from capital grants -- -- 11,240 Acquisition and construction of capital assets (53,798) -- (46,553) Principal paid on capital debt (540,071) -- -- Interest paid on capital debt (604,328) --Net cash (used) by capital and related financing activities (1,198,197) -- (35,313) Cash flows from investing activities: Investment income 510,767 290,397 60,898 Net cash provided by investing activities 510,767 290,397 60,898 Net increase (decrease) in cash and cash equivalents (4,848,160) 930,680 (774,314) Cash and cash equivalents at beginning of year 14,120,416 5,317,158 1,828,368 Cash and cash equivalents at end of year $ 9,272,256 $ 6,247,838 $ 1,054,054 H-7 Key West Airport Total 1,835,461 $ 16,392,738 (1,825,670) (41,058,363) (1,014,100) (2,624,362) 10,939 34,965 (993,370) (27,255,022) 659,283 19,685,527 868,859 5,352,614 (343,532) (1,912,225) 1,184,610 23,125,916 1,487,880 1,499,120 (2,046,670) (2,147,021) (540,071) (604,328) (558,790) (1,792,300) 171,864 1,033,926 171,864 1,033,926 (195,686) (4,887,480) 2,971,548 24,237,490 775,862 $ 19,350,010 H-8 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Municipal Svc Card District Sound Marathon Waste Bridge Airport Operating income (loss) $ (29,938,964) $ 481,833 $ (1,542,716) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation and amortization 882,945 169,312 130,559 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable (603) -- 47,606 Due from other funds (113,076) (810) -- Due from other governmental units 4,732 -- -- (Decrease)/Increase in: Accounts payable 3,158,248 (17,116) 38,225 Retainage payable -- -- 28,059 Claims and judgements payable (5,336) -- -- Due to other funds 495,562 76,000 Due to other governmental units (86,057) (480) (28,850) Accrued compensated absences 21,844 6,838 791 Accrued wages and benefits payable (19,740) 706 (369) Deposits in escrow 11,050 -- -- Other current liabilities 18 -- 2 Landfill closure/post closure costs (61,865) -- -- Total adjustments 4,287,722 234,450 216,023 Net cash provided (used) by operating activities $ (25,651,242) $ 716,283 $ (1,326,693) SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING, CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ 8,062 $ -- $ -- Loss on disposition of fixed assets $ 1,306 $ -- $ 118,732 H-9 Key West Airport Total $ (701,003) $ (31,700,850) 100,505 1,283,321 68,216 115,219 (713,055) (826,941) (2,206) 2,526 136,352 3,315,709 (86,318) (58,259) -- (5,336) 80,337 651,899 148,916 33,529 (17,306) 12,167 (10,137) (29,540) 300 11,350 2,029 2,049 (61,865) (292,367) 4,445,828 $ P93�,370 $ (27,255,022) $ 29,191 37,253 $ -- $ 120,038 H-10 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL MUNICIPAL SERVICES DISTRICT -WASTE ENTERPRISE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget _ Actual (Unfavorable) Operating Expenditures: Administration $ 439,082 $ 416,823 $ 22,259 Hurricane Georges 28,042,576 27;104,925 937,651 Tropical Storm Mitch 2,789,596 2,446,573 343,023 Hazardous Waste 215,262 107,178 108,084 Recycling Education 73,360 54,964 18,396 Franchise Operations 4,889,524 3,965,742 923,782 Facility Operations 10,000 8,870 1,130 Cudjoe Key Transfer Station 2,172,656 2,140,638 32,018 Cudjoe Key Landfill 252,571 252,429 142 Cudjoe Key Post Closure 74,341 29,931 44,410 Cudjoe Key Lined Post Closure 517,388 -- 517,388 Long Key Transfer Station 2,450,555 2,123,246 327,309 Long Key Landfill 307,967 228,164 79,803 Long Key Post Closure 123,363 7,237 116,126 Key Largo Transfer Station 2,310,054 2,027,492 282,562 Key Largo Landfill 205,391 154,525 50,866 Key Largo Post Closure 70,622 -- 70,622 Pollution Control 557,896 445,388 112,508 Recycling 475,119 371,885 103,234 Renewal and Replacement 1,880,425 -- 1,880,425 Total Operating Expenditures 47,857,748 41,886,010 5,971,738 Non-Operating Expenditures: Operating Grants: Recycling Grant 39,751 39,751 DEP Recycling Grant 127,034 85,113 41,921 Litter& Marine Debris Prevention Grant 26,316 25,482 834 Small Counties Recycling 50,000 33,500 16,500 Debt Service: Principal Retirement 570,072 540,071 30,001 Interest Expenses and Fiscal Charges 603,706 593,078 10,628 Capital Outlay 272,192 53,798 218,394 Total Non-Operating Expenditures 1,689,071 1,370,793 318,278 Operating Transfers and Reserves: Reserve for Contingencies 200,000 -- 200,000 Operating Transfers to Other Funds 1,272,000 _ 1,252,288 19,712 Total Operating Transfers and Reserves 1,472,000 1,252,288 219,712 Total Expenditures $ 51,0182819 $ 44,509,091 $ 6,509,728 H-11 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL CARD SOUND BRIDGE ENTERPRISE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Card Sound Road & Toll Bridge 3,090,720 $ 516,584 $ 2,574,136 County Engineer 85,711 5,860 79,851 Card Sound Bridge 555,438 555,438 Total Operating Expenditures 3,731,869 522,444 3,209,425 Non-Operating Expenditures: Capital Outlay 1,350 1,350 Operating Transfers and Reserves: Reserve for Contingencies 310,781 310,781 Operating Transfers to Other Funds 76,000 76,000 — Total Operating Transfers and Reserves 386,781 76,000 310,781 Total Expenditures $ 4,120,000 $ 598,444 $ 3,521,556 H-1 2 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL MARATHON AIRPORT ENTERPRISE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Operation & Maintenance $ 690,389 $ 652,608 $ 37,781 Non-Operating Expenditures: Operating Grants: Marathon FBO 45,839 -- 45,839 Hurricane Georges 91,359 87,133 4,226 Airport Planning Studies 40 -- 40 Airport Part 150 Noise Study 150,000 -- 150,000 Taxiway 33,286 31,773 1,513 Taxiway Construction 1,314,085 685,326 628,759 Beacon & Tower Rehabilitation 50,000 11,131 38,869 Shade Hangars 136,653 -- 136,653 Construction Service/Access Road 181,500 -- 181,500 Environmental Mitigation 12,929 12,929 -- Taxiway Lighting 27,294 -- 27,294 Planning Studies II 116,000 113,861 2,139 Taxiway Lite Construction 244,767 228,649 16,118 Environmental Mitigation Construction 56,801 33,726 23,075 General Aviation Parking Apron 50,000 -- 50,000 Capital Outlay 704,081 46,553 657,528 Total Non-Operating Expenditures 3,214,634 1,251,081 1,963,553 Operating Transfers and Reserves: Reserve for Contingencies 55,376 -- 55,376 Operating Transfers to Other Funds 285,000 282,912 2,088 Total Operating Transfers and Reserves 340,376 282,912 57,464 Total Expenditures $ 4,245,399 $ 2,186,601 $ 2,058,798 H-13 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL KEY WEST AIRPORT ENTERPRISE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Operation & Maintenance 1,953,735 1,781,278 $ 172,457 Non-Operating Expenditures: Operating Grants: Hurricane Georges 870,345 601,597 268,748 Airport Planning Studies 146,078 20,251 125,827 Parking Expansion 324,095 324,095 Commercial Apron Ph 1 130,365 17,256 113,109 General Aviation Apron Ph 1 64,255 8,499 55,756 Noise Buffer 76,829 76,829 Airport Master Plan /ALP 7,110 7,110 Part 150 Noise Study 4,427 118 4,309 East Martello Environmental Enhancement 48,863 4,208 44,655 Overlay General Aviation Parking 239,896 239,896 Remote Auto Parking Lot 375,000 375,000 Expand Parking Lot 499,350 5,012 494,338 Radar Design 50,000 50,000 Runway/Taxi Rehabilitation 185,485 74,554 110,931 Sewer Line Road 33,980 33,980 Environmental Mitigation 13,604 13,604 Airport Planning Studies 11 104,000 59,075 44,925 Runway/Taxi Lite 478,176 457,697 20,479 Environmental Mitigation Construction 26,524 7,910 18,614 Sewer Line Road Construction 38,359 580 37,779 Commercial Apron Construction 11 173,520 4,012 169,508 General Aviation Apron Construction 11 109,260 4,012 105,248 Part 150 Implementation 175,000 175,000 Capital Outlay 5,712,010 2,046,670 3,665,340 Total Non-Operating Expenditures 9,886,531 3,359,035 6,527,4:96 Operating Transfers and Reserves: Reserve for Contingencies 178,069 178,069 Operating Transfers to Other Funds 378,936 343,532 35,404 Total Operating Transfers and Reserves 557,005 343,532 213,473 ............... Total Expenditures $ 12,397_,271 $ 5,483,845 $ 913 .......... H-14 MONROE COUNTY, FLORIDA REVENUE BOND ISSUE DESCRIPTION SEPTEMBER 30, 1999 MSD Refunding Bonds Series 1991 Original authorization $11,000,000 Unissued 1,430,000 Issued 9,570,000 Retirements through September 30, 1999 2,145,000 Balance outstanding September 30, 1999 $7,425,000 Date of issue April 1, 1991 Maturity range 1992-2011 Principal payment date October 1 Interest payment dates April - October Denominations $5,000 Interest rates: 6.15% Maturities 1999 6.30% Maturities 2000 6.40% Maturities 2001 6.50% Maturities 2002 6.60% Maturities 2003 6.75% Maturities 2011 Average interest cost rate 6.44% , Call feature 1999 102 2000 101 2001-2011 100 Paying agent Citizens and Southern Trust Co. N.A. Ft. Lauderdale, Florida H-15 MONROE FLORIDA COUNTY, SCHEDULEIREQUIREMENTS SEPTEMBER 30, 1999 MSD Refunding Impv t Bonds-Series Bonds-Series 1991 Bond Year Ending Total October 1 Principal Interest Debt Service 1999 405,000 $ 493,288 $ 898,288 2000 425,000 468,3803, 8 2001 455,000 441,605 896,605 2002 480,000 412,485 892,485 2003 510,000 381,285 891,285 2004 50,00 37,625 887,625 2005 580,000 311,175 891,175 2006 615,000 272,025 887,025 2007 650,000 230,512 880,512 2008 690,000 186,638 8 2009 7 , 00 140,062 875,062 2010 64 ,00 90,450 730, 5 2011 700,000 47,250 77,25 7, 2 , 00 3,822,780 11,247,780 H-16 THIS PAGE INTENTIONALLY LEFT BLANK WORKERINTERNAL SERVICE FUNDS To account for departmental and agency revenues used for the purpose of financing the Coun 's worker's compensation program. -INSURANCEQROjP To account for departmental and agency revenues used for the purpose of financing the Count 's group insurance program. RISK MANAGMENT o account for the County's safety and loss control program, risk management, administration and uninsured losses. To account for the Coun 's operations of the vehicle fleet and maintenance program. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS SEPTEMBER 30, 1999 Worker's Group Risk Compensation Insurance Management Fund Fund Fund ASSETS Current Assets: Cash and Cash Equivalents $ 2,240,033 $ 4,893,691 $ 3,394,510 Accounts Receivable -- 70,308 1 Due from Other Funds 548 84 -- Due from Other Governmental Units 5,756 18,460 -- Total Current Assets 2,246,337 4,982,543 3,394,511 Property, Plant and Equipment (Net, Where Applicable, of Accumulated Depreciation) 1,584 5,251 17,246 Total Assets $ 2,247,921 $ 4,987,794 $ 3,411,757 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 73,104 $ 97,665 $ 15,836 Claims and Judgements Payable 902,840 2,266,936 1,477,190 Due to Other Funds -- -- 1,095,135 Due to Other Governmental Units 38,580 -- 18 Accrued Compensated Absences 4,448 2,892 1,371 Accrued Wages and Benefits Payable 5,904 6,200 7,220 Deferred Revenues -- -- 798,882 Other Current Liabilities 2,903 1,215 1,032 Total Current Liabilities 1,027,779 2,374,908 3,396,684 Long-Term Liabilities: Accrued Compensated Absences 11,998 16,932 9,167 Total Liabilities 1,039,777 2,391,840 3,405,851 Fund Equity: Contributed Capital 621 3,334 73 Retained Earnings, Unreserved 1,207,523 2,592,620 5,833 Total Fund Equity 1,208,144 2,595,954 5,906 Total Liabilities and Fund Equity $ 2,247,921 $ 4,987,794 $ 31411,757 H-17 Fleet Management Fund— Tota I $ 535,028 $ 11,063,262 -- 70,309 233,937 234,569 35,372 59,588 804,337 11,427,728 2,201,262 2,225,343, 3,005,599 $ 13,653,071 70,143 $ 256,748 -- 4,646,966 208 1,095,343 106 38,704 6,431 15,142 39,180 58,504 -- 798,882 — 5,150 116,068 6,915,439 46,413 84,510 162,481 6,999,949 2,672,750 2,676,778 170,368 3,976,344 2,843,118 6,653,122 $ 3,005,599 $ 13,653,071 H-18 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Operating Revenues: Charges for Services $ 2,277,494 $ 9,138,944 $ 1,251,811 Miscellaneous 203,285 417,007 1,222,146 Total Operating Revenues 2,480,779 9,555,951 2,473,957 Operating Expenses: Personal Services 137,236 141,353 179,178 Operations 423,251 1,251,608 752,470 Depreciation 748 2,423 5,337 Asserted and Paid Claims 1,449,181 7,556,452 527,036 Total Operating Expenses 2,010,416 8,951,836 1,464,021 Operating Income (Loss) 470,363 604,115 1,009,936 Non-Operating Revenues (Expenses): Operating Grants -- -- -- Investment Income 84,432 194,777 116,965 Loss on Disposition of Assets (705) -- (32,084) Total Non-Operating Revenues (Expenses) 83,727 194,777 84,881 Income (Loss) Before Operating Transfers 554,090 798,892 1,094,817 Operating Transfers: Operating Transfers from Other Funds -- -- -- Operating Transfers to Other Funds -- -- (1,094,635) Total Operating Transfers -- -- 1,094,635) Net Income (Loss) 554,090 798,892 182 Fund Equity- October 1, 1998 654,054 1,796,255 5,651 Contributed Capital -- 807 73 Fund Equity- September 30, 1999 $ 1,208,144 $ 2,5952954 $ 5,906 H-19 Fleet Management Fund —Total $ 1,969,763 $ 14,638,012 15,559 1,857,997 1,985,322 16,496,009 900,968 1,358,735 1,070,142 3,497,471 281,787 290,295 9,532,669 2,252,897 14,679,170 (267,575) 1,816,839 8,876 8,876 13,485 409,659 (8,347) (41,136) 14,014 377,399 (253,561) 2,194,238 213,867 213,867 (1,094,635) 213,867 (880,768) (39,694) 1,313,470 2,881,468 5,337,428 1,344 2,224 2,843,1_18_ $ 6,653,122 H-20 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Worker's Group Risk Compensation Insurance Management Fund Fund Fund Cash flows from operating activities: Cash received for services $ 2,274,432 $ 9,410,487 $ 2,367,382 Cash payments to suppliers for goods and services (1,973,666) (8,676,080) (1,193,428) Cash payments to employees for services (135,255) (138,303) (178,204) Other operating revenue 203,285 417,007 2,021,028 Net cash provided (used) by operating activities 368,796 1,013,111 3,016,778 Cash flows from noncapital financing activities: Operating grants received -- -- -- Operating transfers from other funds -- -- -- Operating transfers to other funds -- -- (1,094,635) Net cash provided(used) by noncapital financing activities -- -- (1,094,635) Cash flows from capital and related financing activities: Acquisition of fixed assets -- -- (41,685) Cash flows from investing activities: Investment income 84,432 194,777 116,965 Net increase(decrease) in cash and cash equivalents 453,228 1,207,888 1,997,423 Cash and cash equivalents at beginning of year 1,786,805 3,685,803 1,397,087 Cash and cash equivalents at end of year $ 2,2401033 $ 4,893,691 $ 3,394,510 H-21 Fleet Management Fund Total 1,923,054 $ 15,975,355 (1,077,387) (12,920,561) (905,096) (1,356,858) 15,559 2,656,879 (43,870) 4,354,815 8,876 8,876 213,867 213,867 -- (1,094,635) 222,743 (871,892) (229,481) (271,166) 13,485 409,659 (37,123) 3,621,416 572,151 7,441,846 535,028 $ 11,063,262 H-22 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED(USED) BY OPERATING ACTIVITIES Worker's Group Risk Compensation Insurance Management Fund Fund Fund Operating income (loss) $ 470,363 $ 604,115 $ 1,009,936 Adjustments to reconcile operating income(loss)to net cash provided(used) by operating activities: Depreciation 748 2,423 5,337 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 65 146,630 20,436 Due from other funds (548) (84) -- Due from other governmental units (2,579) 124,996 -- (Decrease)/Increase in: Accounts payable 29,246 (1,962) (30,302) Claims and judgements payable (170,912) 139,280 125,094 Due to other funds -- -- 1,095,135 Due to other governmental units 38,580 -- (9,746) Accrued comp. absences payable 4,448 2,892 1,370 Accrued wages and benefits payable (2,467) 158 (396) Deferred revenues -- -- 798,882 Other current liabilities 1,852 (5,337) 1,032 Total adjustments (101,567) 408,996 2,006,842 Net cash provided(used) by operating activities $ 368,796 $ 1,013,111 $ 3,016,778 SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ -- $ 807 $ 73 Loss on disposition of fixed assets $ 705 $ -- $ 32,084 H-23 Fleet Management Fund Total (267,575) $ 1,816,839 281,787 290,295 351 167,482 (136,877) (137,509) 89,817 212,234 (2,836) (5,854) -- 93,462 (4,384) 1,090,751 (25) 28,809 6,431 15,141 (10,559) (13,264) 798,882 -- (2,453) 223,705 2,537,976 $ (43,870) 4,354,815 $--.-- 1,344 2,224 8,347 $ 41,136 H-24 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL WORKER'S COMPENSATION INTERNAL SERVICE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administrative $ 125,281 $ 125,281 $ -- Operations 355,564 355,477 87 Claims 1,644,797 1,494,882 149,915 Safety& Loss Control 34,174 34,028 146 Catastrophic Claims 100,000 -- 100,000 Asserted Claims 828,199 -- 828,199 Total Operating Expenditures 3,088,015 2,009,668 1,078,347 Operating Transfers and Reserves: Reserve for Contingencies 15 -- 15 Total Expenditures $ 3,088,030 $ 2,009�668 $ 1,078,362 H-25 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL GROUP INSURANCE INTERNAL SERVICE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration 179,733 $ 174,912 $ 4,821 Operations 1,318,974 1,218,050 100,924 Group Insurance Claims 8,132,491 7,556,452 576,039 Asserted Claims 2,814,747 .. . ........... 2,814,747 Total Operating Expenditures 12,445,945 8,949,414 3,496,531 Operating Transfers and Reserves: Reserve for Contingencies 138,018 -- 138,018 Total Expenditures $ 12,583,963 $ 8,949,414 $ _ P,634,549 H-26 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL RISK MANAGEMENT INTERNAL SERVICE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 194,491 $ 194,269 $ 222 Operations 710,100 708,021 2,079 Claims 809,476 516,281 293,195 Safety and Loss Control 41,236 40,113 1,123 Asserted Claims 800,000 -- 800,000 Total Operating Expenditures 2,555,303 1,458,684 1,096,619 Non-Operating Expenditures: Capital Outlay 41,685 41,685 -- Operating Transfers and Reserves: Reserve for Contingencies 123,147 -- 123,147 Operating Transfers to Other Funds 1,893,517 1,094,635 798,882 Total Operating Transfers and Reserves 2,016,664 1,094,635 922,029 Total Expenditures $ 4,613,652 $ 2,595,004 $ 2,018,648 H-27 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL FLEET MANAGEMENT INTERNAL SERVICE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Uref avorabl Operating Expenditures: Public Works Garage 1,067,408 $ 984,634 82,774 Fleet Management Services - Fuel 468,244 415,393 52,851 Operations 584,048 569,380 14,668 Plantation Key Garage 578 578 Hurricane Georges 3,150 - 1,125 2,025 Total Operating Expenditures 2,123,428 1,971,110 152,318 ............ Non-Operating Expenditures: Capital Outlay 258,526 229,479 29,047 Operating Transfers and Reserves: Reserve for Contingencies 86,498 86,498 Total Expenditures $ 2,468,452 $ 2 589 $ 267 63 H-28 THIS PAGE INTENTIONALLY LEFT BLANK FIDUCIARY FUNDS INMATE WELFARE To account for funds of the inmates incarcerated in the Monroe County jail. This fund does not have a legally adopted budget. LAW ENFORCEMENT TRUST To account for the funds used for the purpose of training police officers and supporting personnel in the prevention, investigation, detection and identification of crime. CQURT 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 system, DRUG ABUSE TRUS! 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. CLERK !ENERAL AGENCY To account for revenues collected for recording fees, circuit and civil filing fees, criminal and traffic fines, and other miscellaneous fees and disbursed to other agencies in a fiduciary capacity by the Clerk's office. SHERIFF GENERAL AGENCY To account for funds received and disbursed to others by the Sheriffs office in a fiduciary capac4. !AQARQ11QEN-U To account for revenues collected by the Tax Collector for the issuance of vehicle and boat registrations, applications and transfers of title, occupational licenses and other miscellaneous licenses and disbursed to others in a fiduciary capacity. PRQPERTYTAX To account for the collection and distribution of ad valorem and tangible personal property taxes by the Tax Collector in a fiduciary capacity. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL FIDUCIARY FUNDS SEPTEMBER 30,.1999 EXPENDABLE TRUST FUNDS Law Court Drug Inmate Enforcement Facility Abuse Welfare Trust Fees Trust ASSETS Cash and Cash Equivalents $ 352,431 $ 312,484 $ 536,400 $ 21,095 Accounts Receivable 17,381 -- -- -- Due from Other Governmental Units 4,908 249,820 3,406 1,185 Total Assets $ 374,720 $ 562,304 $ 539,806 $ 22,280 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ 1,511 $ -- $ -- $ -- Due to Others 19,156 -- -- -- Due to Other Funds 3,970 -- -- -- Due to Other Governmental Units 6,623 332,458 -- -- Total Liabilities 31,260 332,458 -- -- Fund Balance: Reserved for Trust Fund Purposes 343,460 229,846 539,806 22,280 Total Liabilities and Fund Balance $ 374,720 $ 562,304 $ 539,806 $ 22,280 I-1 AGENCYFUNDS Clerk's Sheriff s General General Tag and Property Agency Agency License Tax— Total 2,440,651 $ 1,009,897 $ 268,029 $ 2,471,656 $ 7,412,643 8,737 -- 1,898 934 28,950 70,706 -- -- -- 330,025 2,520,094 $ 1,009,897 $ 269,927 $ 2,472,590 $ 7,771,618 ....... .... $ 236 $ -- $ $ 1,747 1,388,682 537,034 996 2,281 1,948,149 -- -- -- -- 3,970 1,131,412 472,627 268,931 2,470,309 4,682,360 2,520,094 1,009,897 269,927 2,472,590 6,636,226 -- -- -- -- 1,135,392 $ 2,520,094 $ 1,009,897 $ 269,927 $ 2472,590 $ 7177 1_161 q_ 1-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Law Court Drug Inmate Enforcement Facility Abuse Welfare Trust Fees Trust Total Revenues: Intergovernmental $ 35,286 $ -- $ -- $ -- $ 35,286 Charges for Services -- -- 43,023 9,233 52,256 Fines & Forfeitures -- 782,449 -- -- 782,449 Investment Income 11,751 17,224 25,281 815 55,071 Miscellaneous 243,413 -- -- -- 243,413 Total Revenues 290,450 799,673 68,304 10,048 1,168,475 Expenditures: Current: Public Safety 181,523 1,048,622 -- -- 1,230,145 Excess of Revenues Over/ (Under) Expenditures 108,927 (248,949) 68,304 10,048 (61,670) Fund Balance, October 1, 1998 234,533 478,795 471,502 12,232 1,197,062 Fund Balance, September 30, 1999 $ 343,460 $ 229,846 $539,806 $ 22,280 $ 1,135,392 I-3 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR FISCAL YEAR ENDED SEPTEMBER 30, 1999 Balance Balance October 1, September 30, 1998 Additions Deductions 1999 CLERK'S GENERAL AGENCY: ASSETS Cash and Cash Equivalents $ 1,433,222 $ 30,249,797 $ 29,242,368 $ 2,440,651 Accounts Receivable 11,250 87,858 90,371 8,737 Due from they Governmental Units 21,567 69,637 20,498 70,706 Total Assets $ 1,466,039 $ 30,407,292 $ 29,353,237 $ 2, 20,094 LIABILITIES Due to Others $ 727,831 $ 8,594,283 $ 7,933,432 $ 1,388,682 Due to Other Governmental Units 738,208 21,813,009 21,419,805 1,131,412 Total Liabilities $ 1,466,039 $ 30,407,292 $ 29,353,237 $ 2,520,094 SHERIFF'S GENERAL AGENCY- ASSETS Cash and Cash Equivalents $ 476,454 $ 1,586,515 $ 1,053,072 $ 1,009,897 Due from Other Funds 1,249,917 2,442,141 3,692,058 -- Total Assets $ 1,726,371 $ 4,028,656 $ 4,745,130 $ 1,009,897 LIABILITIES Due to Others $ 465,580 $ 1,038,350 $ 966,660 $ 537,270 Due to Other Funds 922 -- 922 -- Due to Other Governmental Units 1,259,869 2,990,306 3,777,548 472,627 Total Liabilities $ 1,726,371 $__ 41_Q28&5q_ $ 4,745,130 $ 1,009,897 TAG AND LICENSE: ASSETS Cash and Cash Equivalents $ 244,725 $ 8,181,069 $ 8,157,765 $ 268,029 Accounts Receivable 2,057 -- 15 1,898 Total Assets $_24B,782 $ 8,181,069 $ 4,157, 24 $ 269,927 LIABILITIES Due to Others $ 232 $ 10,035 $ 9,271 $ 996 Due to Other Governmental Units 246,550 8,171,034 8,148,653 268,931 Total Liabilities $ 246,782 $ 8,181,069 $ 8,157,924 $ 269,927 1-4 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS - CONTINUED FOR FISCAL YEAR ENDED SEPTEMBER 30, 1999 Balance Balance October 1, September 30, 1998 Additions Deductions 1999 _ PROPERTY TAX: ASSETS Cash and Cash Equivalents $ 3,108,024 $ 156,849,995 $ 157,486,363 $ 2,471,656 Accounts Receivable 2,375 55,359 56,800 934 Total Assets $ 3,110,399 $ 156,905,354 $ 1571543,163 $ 2,472,590 LIABILITIES Due to Others $ 7,753 $ 4,201,021 $ 4,206,493 $ 2,281 Due to Other Governmental Units 3,102,646 152,704,333 153,336,670 2,470,309 Total Liabilities $ 3,110,399 $ 156,905,354 $ 157,543,163 $ 2,472,590 TOTAL ALL AGENCY FUNDS: ASSETS Cash and Cash Equivalents $ 5,262,425 $ 196,867,376 $ 195,939,568 $ 6,190,233 Accounts Receivable 15,682 143,217 147,330 11,569 Due from Other Funds 1,249,917 2,442,141 3,692,058 -- Due from Other Governmental Units 21,567 69,637 20,498 70,706 Total Assets $ 6,549,591 $ 199,522,371 $ 199,799,454 $ 6,272,508 LIABILITIES Due to Others $ 1,201,396 $ 13,843,689 $ 13,115,856 $. 1,929,229 Due to Other Funds 922 -- 922 -- Due to Other Governmental Units 5,347,273 185,678,682 186,682,676 4,343,279 Total Liabilities $ 6,549,591 $_199,522,371 $ 199,799,454 $ 6,272,508 1-5 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LAW ENFORCEMENT TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual —(Unfavorable) Revenues: Fines and Forfeitures $ 782,449 $ 782,449 $ Investment Income 2,000 17,224 15,224 Total Revenues 784,449 799,673 15,224 Expenditures: Current: Public Safety: Law Enforcement 1,263,144 1,048,622 214,522 Excess of Revenues Over/ (Under) Expenditures (478,695) (248,949) 229,746 Fund Balance, October 1, 1998 478,795 478,795 -- Fund Balance, September 30, 1999 100 $ 229,446 $ 229,746 1-6 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL COURT FACILITY FEES EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services $ 40,000 $ 43,023 $ 3,023 Investment Income 15,000 25,281 10,281 Total Revenues 55,000 68,304 13,304 Expenditures: Current: Court Related: Court Facility 299,075 -- 299,075 Excess of Revenues Over/ (Under) Expenditures (244,075) 68,304 312,379 Other Financing Sources/(Uses): Reserve for Contingencies (42,725) -- 42,725 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (286,800) 68,304 355,104 Fund Balance, October 1, 1998 471,502 471,502 -- Fund Balance, September 30, 1999 $ 184,702 $ 5391806 $ 355,104 1-7 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DRUG ABUSE TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 Variance Favorable Budget — Actual —(Unfavorable) Revenues: Charges for Services $ 5,000 $ 9,233 4,233 Investment Income 815 815 Total Revenues 5,000_ 10,048 5,048 Expenditures: Current: Human Services: Drug AbuseTrust and 11,750 11,750 Excess of Revenues Over/ (Under) Expenditures (6,750) 10,048 16,798 Other Financing Sources/(Uses): Reserve for Contingencies (1,000) -- 1,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (7,750) 10,048 17,798 Fund Balance, October 1, 1998 12,232 12,232 Fund Balance, September 30, 1999 $ 4482 $ 22,280 $ 17,798 1-8 THIS PAGE INTENTIONALLY LEFT BLANK ACCOUNT GROUPS FIXEDASSETS To account for all fixed assets of Monroe County, other than those accounts for in the Enterprise Funds and Internal Service Funds. LONG-TERMGENERAL To account for long-term debt supported by general revenue sources of the Monroe County Governmental Unit. THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE SEPTEMBER 30, 1999 Total GENERAL FIXED ASSETS: Lend 28,708,600 Buildings 81,418,924 Equipment 41,210,637 Construction In Progress 3,216,372 Total General Fixed Assets 1 ,554,533 INVESTMENTS IN FIXED ASSETS: General FundRevenues: County Funding 29,650,798 1988 Improvement Revenue Bonds 62,098 Federal Grants and Shared Revenues 924,242 State Grants and Shared Revenues 3,543,406 Donations 136,467 General Obligation Bonds 2,49,01 Special Revenue Fund Revenues 18,425,666 Donations 3, 35,951 Capital Project Fund: Special Revenue Bonds 1,228, 07 1988 Improvement evenue Bonds 1, 3 ,012 11 Sales Tax Revenue Bonds 31, 5 ,990 Federal Grants and Shared Revenues 8,892,971 State Grants and Shared Revenues 3,125,842 County Funding 48,800,512 Donations 422,555 Total Investment in General Fixed Assets 154,554, 3 J-1 MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY SEPTE BER 30, 1999 Construction Land Buildings Equipment in Progress Total General Government: Legislative $ -- $ -- $ 272,136 $ -- $ 272,136 Executive -- -- 24,571 -- 24,571 Financial and Administrative 439,179 1,090,304 4,420,512 -- 5,949,995 Legal Counsel -- -- 72,016 -- 72,016 Comprehensive Planning 9,462,763 1,912,451 287,804 -- 11,663,018 Other General Government 4,554,088 13,998,114 1,441,873 -- 19,994,075 Total General Government 14,456,030 17,000,869 6,518,912 -- 37,975,811 Public Safety: Law Enforcement 359,962 1,778,865 13,094,410 -- 15,233,237 Fire Control 519,135 3,765,421 7,625,511 -- 11,910,067 Detention/Correction 4,858,904 44,483,552 740,763 -- 50,083,219 Protective Inspections -- , 14,808 369,720 -- 384,528 Emergency&Disaster Relief Svcs -- 51,874 335,105 -- 386,979 Ambulance and Rescue Svcs -- 13,215 1,736,786 -- 1,750,001 Medical Examiner -- -- 18,168 -- 18,168 Other Public Safety -- -- 1,771 -- 1,771 Total Public Safety 5,738,001 50,107,735 23,922,234 -- 79,767,970 Physical Environment: Garbage/Solid Waste -- -- -- -- -- Conservation&Resource Mgmt -- -- 169,277 -- 169,277 Other Physical Environment -- -- 3,740 -- 3,740 Total Physical Environment -- -- 173,017 -- 173,017 Transportation: Road and Street Facilities -- 21,147 3,434,639 -- 3,455,786 Parking Facilities 799,963 -- -- -- 799,963 Other Transportation Services -- -- 44,302 -- 44,302 Total Transportation 799,963 21,147 3,478,941 -- 4,300,051 Economic Environment: Employment Development -- -- 17,704 -- 17,704 Industry Development 369,000 -- 94,773 -- 463,773 Veteran's Services -- -- 33,184 -- 33,184 Total Economic Environment 369,000 -- 145,661 -- 514,661 J-2 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY -CONTINUED SEPTEMBER 30, 1999 Construction Land Buildings Equipment in Progress Total Human Services: Hospitals 34,510 47,557 82,067 Health 10,500 1,431,421 1,609,522 3,051,443 Welfare 8,500 448,338 1,001,539 1,458,377 Other 24,755 24,755 Total Human Services 19,000 1,914,269 2,683,373 4,616,642 Culture and Recreation: Libraries 110,197 3,854,444 513,908 4,478,549 Parks and Recreation 6,900,398 1,313,394 399,016 8,612,808 Special Recreation Facilities 300,152 232,263 532,415 Other Culture and Recreation 15,859 9,779 904,962 930,600 Total Culture and Recreation 7,326,606 5,409,880 1,817,886 14,554,372 Court P%elated: General Administration 376,192 376,192 Circuit Court-Criminal 261,613 261,613 Circuit Court-Civil 3,029 3,029 Circuit Court-Civil 1,980 1,980 Circuit Court-Juvenile 43,000 43,000 General Operations 6,965,024 1,637,691 8,602,715 County Court-Criminal 137,455 137,455 County Court-Civil 3,509 3,509 County Court-Traffic 6,144 6,144 Total Court Related 6,965,024 2,470,613 9,435,637 Construction in Progress 3,216,372 3,216,372 Total $ 28,708,600 $ 81,418,924 $ 41,210,637 $ 3,216,372 154,554,533 J-3 MONROE COUNTY, FLORIDA SCHEDULEIN GENERAL FIXED 1(FUNCTION AND ACTIVITY FISCALFOR THE YEAR ENDED SEPTEMBER1999 October 1, Transfers a to er 30 1998 AdditionsDeductions InOut 1999._ General Government: Legislative 30, 16 $ 5,388 $ -- 12,864 $ 76,43 $ 272,136 Executive 37,159 3, 7 - -- 15,875 24,571 Financial&Administration 4,542,061 281,863 73,368 1,77 ,16 570,687 5,99,995 Legal Counsel 7 ,050 2,790 -- -- 4,824 72,016 Comprehensive Planning 2,068,061 9,581,167 10,369 4 , 11 19,552 11,663,018 Other General Government 20,492,441 157,127 11,063 476, 29 1,121,059 1 ,94,075 Total General Government 27,544,088 10,031,622 9 ,800 2,303,330 1,80 , 9 37,975,811 Public Safety: Law Enforcement 14,009,560 1,613,482 389,805 -- 15,233,237 Fire Control 11,76, 47 434,919 721,272 697,199 287,026 11,910,067 Detention/Correction 49,373,288 210,04 -- 499,887 -- 50,03,219 Protective Inspections 2 ,610 158,422 15,185 20,180 5,499 384,528 Emergency &Disaster Relief Svcs 426,455 33,769 4, 30 31,508 100,323 386,97 Ambulance&Rescue Services 2,121,668 193,410 10,300 268,142 712,919 1,750,001 Medical Examiner 33,216 -- 15,048 -- -- 18,168 Other Public Safety 1,771 -- -- -- -- 1,771 Total Public Safety 77,978,815 2,644,0461, 66,040 1,516,916 1,1 ,767 79,767, 70 Physical Environment: Garbage/Solid Waste 11 ,674 8,0 -- -- 13,736 -- Conservation&Resource Mgmt 115, 07 45,117 28,337 1 ,684 169,277 Other Physical Environment 4,930 3,7 - -- 4,90 3,70 Total Physical Environment 236,111 5 , 19 -- 28,337 148, 0 173,017 Transportation: Road and Street Facilities 3,394,553 120,819 4,121 2,093 57, 58 3,455,786 Parking Facilities 79,96 -- -- - - 799,963 Other Transportation Services -- 44,302 -- -- -- 44,302 Total Transportation: 4,1 , 16 165,121 4,121 2,093 57,558 4,300,051 Economic Environment: Employment Development 17,70 -- -- -- -- 17,704 Industry Development 5 , 7 8,521 54,019 2,932 1,058 463,773 Veteran's Services 28,895 7,629 1, 16 -- 1,824 33,184 Other Economic Environment ,93 - -- ®- 2,932 -- Total Economic Environment 556,928 16,10 55,535 2,932 5,814 51 ,661 J-4 (Continued) MONROE , FL I DA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999 October 1, Transfers September 30 1998 Additions Deductions In Out 1999 Human Services: Hospitals 158,243 76,176 82,067 Health 2,797,168 569,751 273,447 70,733 112,762 3,051,443 Welfare 1,449,505 18,402 23,160 71,185 57,555 1,458,377 Other 27,839 3,084 24,755 Total Human Services 4,432,755 588,153 296,607. 141,918 249,577 4,616,642 Culture and Recreation: Libraries 4,422,699 49,057 150,676 143,883 4,478,549 Parks and Recreation 8,365,457 255,325 4,434 175,132 178,672 8,612,808 Special Recreation Facilities 532,415 - 532,415 Other Culture and Recreation 917,819 7,559 5,222 930,600 Total Culture and Recreation 14,238,390 311,941 4,434 331,030 322,555 14,554,372 Court Related: General Administration 418,175 24,133 61,493 22,922 27,545 376,192 Circuit Court-Criminal 218,962 23,401 4,390 39,199 15,559 261,613 Circuit Court-Civil 3,029 3,029 Circuit Court-Family 1,980 1,980 Circuit Court-Juvenile 30,990 4,226 8,484 700 43,000 General Operations 9,270,961 274,456 283,343 400,097 1,059,456 8,602,715 County Court-Criminal 132,748 4,869 696 5-34 137,455 County Court-Civil 2,945 564 3,509 County Court-Traffic 3,190 2,954 6,144 Total Court Related 10,077,810 336,255 349,922 474,754 1,103,260 9,435,637 Construction in Progress 1,337,040 2,619,162 739,830 - - 3,216,372 Total $ 140,596,453 $ 16,769,369 $ 2,811,289 $ 4,801,310 $ 4,801,310 $ 154,554,533 J-5 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA SCHEDULE OF CHANGES IN GENERAL LONG-TERM DEBT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 11.999 Balance I c October 1, September 30, 1 Additions it t 1999 General Long-Term Debt Payable: — LL-- — - Revenue Bonds Payable. Refunding Improvement Bonds - Series 1993 ( 3) 200,000 -- ,00 -- Refunding Improvement Bonds - Series 1993 ( 6) 5, 0,000 400,000 5,10, 00 Sales Tax Bonds - eries 191 7,100,000 -- ,4 ,000 3,650,000 Sales Tax Refunding Bonds - Series 196 17,505,000 -- 180,000 17, 2 ,000 Total Revenue Bonds Payable 30,395,000 4,230,000 26,165,000 Florida Local Government Finance Commission Loan 4 , 00 450,000 50,000 850,000 Capital Lease Obligations: Sheriff 69,834 19,616 61,051 28,399 Accrued CompensatedAbsences: Board of County Commissioners 1,780,740 143,259 1,923,99 Tax Collector 70,667 15,494 5 ,173 Property Appraiser 106,843 4,429 ®- 111, 2 Supervisor of Elections 27,032 999 26,03 Sheriff 2,243,156 ®- 59,199 2,183,957 Total Accrued Compensated Absences 4,228,438 147,688 75,692 4,300,434 Total General Long-Term Debt Payable 35,143,272 17,30 494160743 31, 3,833 J-6 MONROE COUNTY, FLORIDA REVENUE BOND AND REVENUE REFUNDING BOND ISSUES - DESCRIPTION SEPTEMBER 30, 1999 Refunding Bonds Refunding Bonds Series 1993 (83) Series 1993% ) Original authorization $2,500,000 $7,500,000 Unissued 1,315,000 270,000 Issued 1,185,000 7,230,000 Retirements through September 30, 1999 1,185,000 2,040,000 Balance outstanding September 30, 1999 -- $5,190,000 Date of issue January 1, 1993 May 1, 1993 Maturity range 1993-1999 1993-2008 Principal payment date July 1 December 1 Interest payment dates January -July June-December Denominations $5,000 $5,000 Interest rates: -- 4.30% Maturities 1999 4.50% Maturities 2000 4.70% Maturities 2001 4.80% Maturities 2002 5.00% Maturities 2003-2008 Effective interest cost rate 3.95% 4.47% Call feature -- 12/01/01 - 11/30/02 102 12/01/02 - 11/30/02 101 12/01/03 - Maturity 100 Paying agent Barnett Banks Trust Nations Bank of Company, N.A. Florida, N.A. Jacksonville, Florida Ft. Lauderdale, Florida J-7 (Continued) REVENUE BOND AND REVENUE REFUNDING BOND ISSUES - DESCRIPTION - CONTINUED SEPTEMBER 30, 1999 Sales Tax Revenue Sales Tax Refunding Bonds -Series 1991 Bonds -Series 1998 Original authorization $43,500,000 $17,505,000 Unissued 1,085,000 -- Issued 42,415,000 17,505,000 Retirements through September 30, 1999 38,765,000 180,000 Balance outstanding September 30, 1999 $3,650,090 $17,325,000_ Date of issue October 1, 1991 January 1, 1998 Maturity range 1992-2000 1999-2004 Principal payment date April 1 April 1 Interest payment dates April - October April - October Denominations $5,000 $5,000 Interest rates: 5.80% Maturities 2000 4.25% Maturities 2000 3.75% Maturities 2001 3.75% Maturities 2002 3.80% Maturities 2003 3.875% Maturities 2004 Effective interest cost rate 5,92% 3.77% Call feature 1999-2000 101 N/A 2000 Maturity 100 Paying agent First Florida Bank, N.A. SouthTrust Bank, N.A. Tampa Florida F . Lauderdale, FL J-8 MONROE COUNTY, FLORIDA SCHEDULE OF DEBT SERVICE REQUIREMENTS SEPTE BER 30, 1999 _ Refunding Bonds Series - 1993 (88) Bond Year Ending Total December 1 Principal Interest Debt Service 1999 $ 420,000 $ 252,070 $ 672,070 2000 435,000 234,010 669,010 2001 455,000 214,435 669,435 2002 475,000 193,050 668,050 2003 500,000 170,250 670,250 2004 525,000 145,250 670,250 2005 550,000 119,000 669,000 2006 580,000 91,500 671,500 2007 610,000 62,500 672,500 2008 640,000 32,000 672,000 $ 5,190,000 $ 1,514,065 $ 6,704,065 Sales Tax Revenue Bonds -Series 1991 Fiscal Total Year Principal Interest Debt Service 2000 $ 3,650,000 $ 105,850 $ 3,755,850 Sales Tax Refunding Bonds -Series 1998 Fiscal Total Year Principal Interest Debt Service 2000 $ 185,000 $ 654,518 $ 839,518 2001 4,055,000 574,555 4,629,555 2002 4,200,000 419,774 4,619,774 2003 4,360,000 258,184 4,618,184 2004 4,525,000 87,672 4,612,672 $ 17,325,000 $ 1,994,703 $ 19,319,703 J-9 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF DEBT SERVICE REQUIREMENTS -CONTINUED SEPTEMBER 30, 1999 Florida Local Government Finance Commission Loan Fiscal Total Year Principal Interest Debt Service 2000 $ 200,000 $ 39,168 $ 239,168 2001 200,000 29,167 229,167 2002 200,000 19,165 219,165 2003 250,000 8,960 258,960 $ 850,000 $ 96,460 $ 946,460 Interest is calculated at 5.00% since this loan is based on the blended market rate of commercial paper. J-1 0 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA STATISTICAL SECTION SEPTEMBER 3051999 Statistical information is different from the information presented in the financial section in that it usually covers more than one fiscal year and may present non-accounting information. The tables present social and economic information, financial trends and the fiscal capacity of the government necessary for the complete disclosure of the County's financial activity. The information presented in the following tables is not required for fair presentation in conformity with generally accepted accounting principles and is, therefore, not covered by the auditors'opinion. Sources of Data: • Monroe County Clerk of the Circuit Court-Finance Department (Page K-1 - K-1 9 where a source is not indicated) • Monroe County Tax Collector • Monroe County Property Appraiser • U.S. Department of Commerce, Bureau of Economic Analysis * Florida Banker's Association • Monroe County School Board • Monroe County Sheriffs Department • U.S. Bureau of the Census •Agency for Health Care Administration • Florida Department of Labor and Employment Security The Constitution of the State of Florida, Florida Statute 200.181 and Monroe County set no legal debt ONROE COUNTY, FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION FOR LAST TEN FISCAL YEARS FISCAL GENERAL PUBLIC PHYSICAL TRANS- ECONOMIC YEAR GOVERNMENT SAFETY ENVIRONMENT PORTATION ENVIRONMENT 1990 $ 17,935,158 $ 25,588,253 $ 497,510 $ 5,370,915 $ 7,332,545 1991 20,040,936 29,320,771 531,593 6,078,545 6,906,952 1992 20,956,430 31,649,193 668,315 5,923,595 7,851,857 1993 20,908,679 34,331,564 741,354 4,175,462 7,811,825 1994 23,460,049 38,321,175 1,305,061 4,263,681 7,996,073 1995 29,390,253 41,240,319 1,160,034 6,168,342 9,616,404 1996 24,652,862 45,968,956 1,334,988 4,836,343 9,408,309 1997 26,213,577 51,527,757 946,811 5,663,889 9,617,725 1998 21,004,358 56,691,835 2,299,807 4,507,675 10,747,966 1999 27,485,498 65,102,191 2,174,127 5,762,030 11,686,359 *Includes expenditures in General, Special Revenue, Debt Service and Expendable Trust Fund Types. Excludes Housing Finance Authority, Discrete Component Unit. K-1 CULTUREHUMAN SERVICESERVICES RECREATION RELATED TOTAL* 62,131 2,384,354 -® 1,098,596 '65,069,462 5,1 6,247 2,886,706 -- 1,270,761 72,222,511 , 09, 6 2,971,243 4,657,447 79,987,426 ,719,640 2,345,014 7,037,236 33,070,774 9,767, 23 2,757,703 -- 4,627,836 92,519.401 5,573,627 2,703,504 -- 6,666,070 102,740,553 5,7 9,12 4,332,830 5,777,227 102,080,617 5,862,235 3,657, 64 ®® 5,971,019 19, 60, 77 6,2 ,775 3,720,300 6,615,544 5,865,981 117, 91, 1 6,303,742 4,725,431 899,797 11, ,157 135,715,32 K-2 MONROE COUNTY, FLORIDA GENERAL GOVERNMENT REVENUE BY SOURCE FOR LAST TEN FISCAL YEARS LICENSES INTER CHARGES FISCAL AND GOVERN- FOR YEAR TAXES PERMITS MENTAL SERVICES 1990 $ 41,991,855 $ 2,189,049 $ 17,054,599 $ 4,007,404 1991 46,675,252 2,724,190 14,563,582 4,373,229 1992 48,195,057 2,284,836 16,678,180 4,757,019 1993 53,908,727 2,422,039 18,163,244 4,224,315 1994 54,441,515 2,018,078 19,514,402 4,895,466 1995 58,121,769 2,124,995 20,256,479 8,086,331 1996 62,514,109 2,481,768 26,456,481 9,534,513 1997 65,383,485 2,227,459 29,245,422 8,590,395 1998 68,833,788 2,295,628 33,651,691 8,751,295 1999 67,721,136 2,125,529 43,897,607 8,504,837 *Includes revenues in General, Special Revenue, Debt Service and Expendable Trust Fund Types. Excludes Housing Finance Authority, Discrete Component Unit. K-3 FINESi INCOME LANEOUS TOTAL* 2,153,12 3, 3 ,207 1, 01,256 72, 32, 22 2,099,284 3,805,048 2,300,275 76,540,860 2,21 , 17 3, 9 ,79 2,026,446 7 ,253, 34 ,214,55 2,314,117 1,823,814 85,070,761 2,955,435 2,558,970 2,200,160 88,584,026 2,486,360 4,018,259 4,245,45099,339,643 2,807,175 ,2 6,515 2,603,888 111,664,449 4,420,164 5,696,786 2,388,447 117,952,15 3,094,869 6,3 9,767 3,471,378 126, , 16 28,631,619 5,795,457 4,947,614 161,623,799 K-4 MONROE COUNTY, FLORIDA PROPERTY TAX LEVIES AND COLLECTIONS FOR LAST TEN FISCAL YEARS FISCAL TAX TAX PERCENT OF YEAR LEVY COLLECTION LEVY COLLECTED 1990 $ 34,489,127 $ 33,259,628 96.4 1991 39,598,532 38,360,079 96.9 1992 40,610,035 39,072,069 96.2 1993 42,637,049 41,350,979 97.0 1994 43,472,080 42,014,616 96.6 1995 48,129,060 46,502,205 96.6 1996 51,350,380 49,747,700 96.9 1997 53,523,947 51,917,045 97.0 1998 56,473,845 54,723,468 97.0 1999 55,411,449 53,578,782 97.0 Property tax levies, based on assessed values as of January 1st, 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. Accordingly, taxes collected will never be one hundred percent of the tax levy. Taxes become delinquent on April 1 st 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. Property taxes receivable and a corresponding reserve for uncollectible property taxes are not included in the financial statements as there are no delinquent taxes as of September 30, 1999. Source: Monroe County Tax Collector K-5 MONROE COUNTY, FLORIDA ASSESSED AND ESTIMATED L YEARSFOR LAST TEN FISCAL REAL PROPERTY PERSONAL PROPERTY TOTAL VALUEYEAR ASSESSED VALUE ASSESSED VALUE ASSESSED 190 ,1 ,5 ,612 284,929,021 5,414,4E ,633 191 5,616, 23,591 299,565,57E ,915,7 ,167 192 ,135,74 , 13 305,06 ,15 6,4 ,607, 72 1993 6,205,863,228 310,418,654 6,51 ,261,632 1994 ,14 ,02 , 54 318,280,985 , 56,310, 39 1995 6,601,604,418 338,856,309 6,940,460,727 1996 6,856,274,547 3 0, 57,19 7,217,131,745 197 6,970,972,120 355,388,938 7,326,361,05E 199E ,513,9 7,661 341,038,010 7,855,025,891 1999 7,951,158,054 363,277,3236, 1 ,435,377 Assessed values used are net taxable values after deducting allowable statutory exemptions. Property is assessed as of January 1 st and taxes based on those assessments are.levied and become due on the following ovemer 1 st.Therefore,assessments and levies applicable to a certain tax year are collected in the fiscal year ending urin the next succeeding calendar year. Estimated actual value for each tax year is equal to the assessed value. The ratio of total assessed to the total estimated actual value is 100% for each tax year. Source: Monroe Countyrope praiser K-6 MONROE COUNTY, FLORIDA PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS FOR LAST TEN FISCAL YEARS FISCAL PROPERTY BANK YEAR VALUE* CONSTRUCTION DEPOSITS** 1990 $ 3,667,553,207 $ 156,637,545 $ 928,728,000 1991 4,049,901,005 122,937,849 918,016,045 1992 4,375,917,282 120,323,709 888,072,000 1993 4,447,309,657 91,934,986 923,935,000 1994 4,390,694,004 66,414,893 952,120,000 1995 4,791,995,498 88,598,075 947,751,000 1996 4,957,041,364 79,313,136 999,568,000 1997 4,978,695,909 81,984,599 1,071,370,000 1998 5,221,503,169 81,159,701 1,117,690,000 1999 4,399,264,593 66,148,495 1,255,767,000 Taxable property value and construction does not include the municipal areas of the County. Construction amounts include new taxable construction minus deletions from the Tax Roll. Source: * Monroe County Property Appraiser ** Florida Banker's Association K-7 MONROE COUNTY, FLORIDA PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS FOR LAST TEN FISCAL YEARS TAX RATES(MILLAGE) SCHOOL BOARD -- COUNTY* TAX YEAR OPERATING DEBT SERVICE OPERATING DEBT SERVICE OTHER" TOTAL 1990 5.8570 6.6803 1.1570 13,6943 1991 5.7190 6.2992 1.1964 13.2146 1992 5.7070 6.8061 1.1945 13.7076 1993 6.0910 5.5903 1.4065 13.0878 1994 6.2050 5.7142 1.1851 13.1043 1995 6.4330 6.0983 1.2851 13.8164 1996 6.2530 6.0857 1.3840 117227 1997 5.9021 5.8089 1.5850 13.2960 1998 6.0730 5.5354 1,6391 13.2475 1999 5.6550 5.1056 1.6391 12.3997 Property is assessed as of January 1st and the taxes based on those assessments are levied according to the tax rate in effect during that tax year and become due on November 1 st. Therefore, assessments and tax levies applicable to a certain tax year are collected in the fiscal year ending during the following calendar year. Monroe County does not have outstanding debt funded by ad valorem taxes. Coun illage consists of the General Revenue Fund, the Fine and Forfeiture Fund, and the Health Clinic. Consists of the following districts: Monroe County Mosquito Control, South Florida Water Management, Okeechobee Basin Fund, Big Cypress Fund and Everglades Construction Project. Source: Monroe County Tax Collector K-8 MONROE COUNTY, FLORIDA PRINCIPAL TAXPAYERS 1999 FISCAL PERCENTAGE ASSESSED YEAR TAXES OF TOTAL TAXPAYER** VALUE* COLLECTED** COLLECTED** 1. Southern Bell $ 62,733,167 $ 945,468 0.70% 2. Casa Marina 47,639,974 828,771 0.61% 3. Hilton Resorts & Marina 29,894,372 510,574 0.38% 4. Pier House 23,971,143 399,109 0.29% 5. Cheeca Lodge 25,917,575 375,689 0.28% 6. Holiday Inn of Key West 20,541,240 347,126 0.26% 7. Sheraton Suites 20,716,407 345,844 0.25% 8. Southernmost Beach LP 20,012,119 337,654 0.25% 9. Reach 19,266,161 321,282 0.24% 10. Hyatt Key West 17,681,207 298,608 0.22% $ 288,373,365 $ 4,710,125 3.48% Source: * Monroe County Propertyriser ** Monroe County Tax Collector K-9 MONROE COUNTY, FLORIDA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND T BONDED DEBT PER CAPITA FOR LAST TEN FISCAL GROSS DEBT ASSESSED BONDED SERVICE YEAR POPULATION* VALUE" DEBT FUNDS 1990 78,024 5,414,468,833 ®- -- 191 79,536 5,915,789,167 -- -- 1992 80,968 6, 0, 07,57 -- -- 1993 81,766 6,516,281,882 -- -- 1994 81,796 6,45 , 10,49 _- -- 15 81,850 6, 0,46 ,727 _- -- 199E 80,730 7,217,131,745 -- -- 1997 81,919 7,326,361,058 1998 65,646 7,51 , 67,661 -- -- 1999 79,941 7,9 1,15 ,04 Property`taxable !Value Assessments are as of January 1 st of each year. Monroe County does not have general bonded debt. Source: U.S. Bureau of the Census Monroe County PropertyAppraiser -10 MONROE COUNTY, FLORIDA COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT SEPTEMBER 30, 1999 PERCENTAGE APPLICABLE TO THIS OVERLAPPING _GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT Monroe County, Florida $ -- -- $ -- Monroe County does not have outstanding general obligation debt funded by ad valorem taxes. K-11 MONROE COUNTY, FLORIDA RATIO ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENT EXPENDITURES FOR T TEN FISCAL YEARS RATIO F DEBT SERVICE T OTHERTOTAL GENERAL GENERAL FISCAL DEBT DEBT GOVERNMENT GOVERNMENT YEAR I I AL INTEREST ERVICESERVICE* EXPENDITURES EXPENDITURES 1990 $ 215,000 $ 688,139 **$ 195,457 $ 1,098,596 $ 65,069,462 1.69% 1991 230,000 674,514 366,247 1,270,761 72,222,511 1.76% 1992 1,380,000 2,949,256 328,191 4,657,447 79,987,426 5.82% 1993 3,932,492 2,827,261 277,483 7,037,236 83,070,774 8.47% 1994 3,000,000 1,500,948 126,888 4,627,836 92,519,401 5.00% 1995 3,315,000 3,407,870 165,200 6,888,070 102,740,553 6.70% 1996 3,475,000 2,198,015 104,212 5,777,227 102,080,617 5.66% 1997 3,655,000 2,014,990 301,029 5,971,019 109,460,479 5.46% 1998 3,845,000 1,298,096 722,885 5,865,981 117,691,241 4.99% 1999 4,280,000 1,263,255 75,701 5,618,956 135,715,332 8.53% * Debt Service includes principal and interest on general obligation bonds, revenue bonds, bond anticipation notes and other loan and notes payable. ** Interest includes fiscal charges. K-12 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUE BOND COVERAGE MUNICIPAL SERVICE DISTRICT-WASTE FOR LAST TEN FISCAL YEARS NET REVENUE DEBT SERVICE REQUIREMENTS FISCAL GROSS AVAILABLE FOR TIMES YEAR REVENUE* EXPENSES" DEBT SERVICE PRINCIPAL INTEREST TOTAL COVERAGE .......... ............. 1990 $ 11,295,582 $ 8,772,546 $ 2,523,036 $ 315,000 $ 569,986 $ 884,986 2.85 1991 13,344,013 10,896,916 2,447,097 335,000 547,630 882,630 2.77 1992 14,458,040 11,394,292 3,063,748 180,000 615,668 795,668 3.85 1993 116,094,726 13,640,389 2,454,337 285,000 606,307' 891,307 2.75 1994 15,619,182 11,673,498 3,945,684 300�,000 590,918 890,918 4.43 1995 14,310,678 12,452,817 1,857,861 315,000 574,117 889,117 2.09 1996 15,183,770 13,055,040 2,128,730 335,000 556,162 891,162 2.39 1997 15,,352,388 13,452,269 1,900,119 355,000 536,732 891,732 2.13 1998 16,116,708 14,058,422 2,058,286 375,000 515,788 890,788 2.31 1999 43,130,141 42,069,856 1,060,285 405,000 493,288 898,288 1.18 *"Gross Revenue"shall mean all rates,fees,charges,assessments or other income received by the County or accrued to the County or any agency thereof in control of the management and operation of said Municipal Service District-Waste.Excluded from"Gross Revenue"is interest earned on funds held in escrow for the retirement of refunded 1980 bonds. Fiscal Year 1999 revenue includes$3,560,134 match transferred for a portion of Hurricane Georges expenditures. **"Expenses"exclude depreciation of fixed assets and amortization of deferred charges which are reflected as expenses in the financial statements. K-13 MONROE COUNTY, FLORIDA SCHEDULE OF INSURANCE COMPANIES SEPTEMBER 30, 1999 INSURANCE COMPANY POLICY PERIOD Safety National 10/01/98-99 Insurance Company of North America 07/01/98-99, 07/01/98-99 John Alden Life Insurance Company 10/01/98-99 Vincam, Managed Care 10/01/98-07/99 Occupational Health System 07/01/99-09/99 Insurance Servicing and Adjusting Company 10/01/98-09/99 Bankers Insurance Company 04/03/99-00, 06/18/99-00, 11/13/98-99 02/22/99-00, 05/18/99-00, 01/29/99-00 08/01/99-00, 10/11/99-00, 08/05/99-00 09/24/99-00, 07/19/99-00, 09/20/98-99 Florida Municipal Insurance Trust 10/01/98-99, 10/01/98-99 Colony Insurance Company 04/16/99-00 Hartford ADBD 10/01/98-99 Great American Insurance Company 07/27/99-00 United Capitol Insurance Company 02/12/98-03 Coregis Insurance Company 12/20/98-99 The Connecticut Indemnity Company 10/01/98-99 General Accident Insurance Company 09/16/99-00 Florida Windstorm Underwriting Association 04/11/99-00 Hartford Steam Boiler Inspection & Insurance Company 10/01/98-99 Omaha Property &Casualty 02/20/99-00, 08/24/99-00 Florida Sheriffs Self-Insurance Fund 10/01/98-99 K-14 MONROE COUNTY, FLORIDA SCHEDULE OF INSURANCE AGENCIES SEPTEMBER 30, 1999 EXPIRATION ANNUAL AGENCY DATE PREMIUM Arthur J. Gallagher&Co. 07/27/00 $ 53,624 Acordia National 09/30/99 220,069 Porter Allen Insurance Company 10/11/99 2,075 11/13/99 1,509 11/19/99 584 01/29/00 1,530 02/22/00 326 04/30/00 22,713 05/18/00 1,828 O6/18/00 609 O6/27/00 4,558 07/19/00 2,428 07/19/00 764 08/01/00 14,442 08/05/00 1,878 09/16/00 11,231 09/20/00 5,983 09/24/00 1,751 The Johnson's Insurance Agency 02/20/00 1,998 04/11/00 195,972 08/24/00 3,150 Florida League of Cities 10/01/99 105,246 10/01/99 12,721 10/01/99, 82,017 12/20/99 9,673 04/16/99 3,000 05/01/00 2,275 The CIMA Companies, Inc. 07/01/00 918 John Alden Life Insurance 09/30/99 866,725 VFIS of Fla. 09/30/99 37,624 Hunt Insurance Group, Inc. 09/30/99 25,000 The Plastridge Agency, Inc. 02/12/03 37,667 10/01/00 42,430 Marsh USA, Inc. 04/01/00 216,997 K-15 MONROE COUNTY, FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS SEPTEMBER 30, 1999 ANNUAL AMOUNT OF NAME AND TITLE OF OFFICIAL SALARY SURETY BOND Shirley Freeman - Mayor, Board of County Commissioners $ 36,157 $ 2,000 Wilhelmina Harvey- Member, Board of County Commissioners 36,157 2,000 George Neugent- Member, Board of County Commissioners 36,157 2,000 Mary Kay Reich - Member, Board of County Commissioners 36,157 2,000 Nora Williams - Member, Board of County Commissioners 36,157 2,000 Danny L. Kolhage - Clerk of Circuit Court and Chief Financial Officer 88,730 5,000 Richard D. Roth - Sheriff 95,331 15,000 Harry L. Sawyer, Jr. - Supervisor of Elections 76,679 5,000 Ervin A. Higgs - Property Appraiser 88,730 10,000 Harry F. Knight-Tax Collector 88,730 50,000 James Roberts - County Administrator 114,678 -- K-16 MONROE COUNTY, FLORIDA DEMOGRAPHIC STATISTICAL DATA LAST TEN YEARS SCHOOL UNEMPLOYMENT PER CAPITA ENROLLMENT RATE YEAR POPULATION (1) INCOME (2) (3) PERCENTAGE (4) 1990 78,024 $ 21,767 8,490 3.1 1991 79,536 22,081 8,338 4.8 1992 80,968 22,404 8,862 8.5 1993 81,766 23,982 8,789 3.6 1994 81,796 24,866 9,140 3.9 1995 81,850 26,455 9,328 3.9 1996 80,730 28,236 9,422 2.9 1997 81,919 29,657 9,529 2.5 1998 85,646 NA 9,213 2.7 1999 79,941 NA 9,194 2.3 NA- Data Not Currently Available Sources: (1) U.S. Bureau of the Census (2) U.S. Department of Commerce, Bureau of Economic Analysis (3) Monroe County School Board (4) Florida Department of Labor and Employment Security K-17 MONROE COUNTY, FLORIDA MISCELLANEOUS STATISTICAL DATA SEPTEMBER 30, 1999 Government Structure Governing Body: Monroe County Board of County Commissioners Number of Seats: 5 Length of Term: 4 years Chairman: Chosen annually by fellow commissioners Chief Administrative Position: County Administrator Date originally established EDUCATION: constitutionally: July 3, 1823 Number of schools: High Schools 3 Date of present constitution Middle Schools 1 establishment: May 13, 1887 Elementary Schools 5 Middle/Elementary Schools 3 Form of government: Constitutional County Number of Administrators 25 Present area: 1,875.54 square miles Number of Teachers 564 Source: Monroe County School Board POPULATION: Date Residents Increase % EMPLOYEES: 1990 78,024 Property Appraiser 42 1991 79,536 1.94% Tax Collector 50 1992 80,968 1.80% Board of County Commissioners 742 1993 81,766 0.99% Clerk of Circuit Court 102 1994 81,796 0.04% Supervisor of Elections 13 1995 81,850 0.07% Sheriff 536 1996 80,730 -1.37% Land Authority 2 1997 81,919 1.47% 1998 85,646 4.55% 1999 79,941 -6.66% AMBULANCE SERVICE: Number of vehicles 15 Number of employees 49 Source: U.S. Bureau of the Census Number of volunteers 42 K-18 (Continued) MONROE COUNTY, FLORIDA MISCELLANEOUS STATISTICAL DATA -CONTINUED SEPTEMBER 30, 1999 HEALTH CARE: Number POLICE PROTECTION: Medical Facilities of Beds Number of stations 4 Lower Keys Medical Center- Number of employees: Lower Keys Medical Center 118 Certified Law Enforcement 188 Lower Keys Medical Center-DePoo Bldg. 49 Support Personnel 172 Fisherman's Hospital 58 Certified Corrections 176 Mariner's Hospital 42 Source: Monroe County Sheriffs Source: Agency for Health Care Administration Department Office of Health Facility Regulation FIRE PROTECTION: PUBLIC LIBRARIES: Number of stations 10 Library Facilities 5 Number of volunteers 241 Library Holdings 156,904 K-19