Fiscal Year 1998 on.ro e olun ty,
MEN
"Itiv)e Annua C
Co, rehens4
i at-'.'�,
r the ic."'at"'Al jea,
COUNTY,MONROE
FLORIDA
COMPREHENSIVE
FINANCIAL
FISCALFOR THE
SEPTEMBER y
1998
DANNY L. KOLHAGE
CLERK OF THE IT COURT
PREPARED Y:
CIRCUITCLERK OF THE
SANDRA IL
FINANCEf
Cover photo courtesy of Bill Keogh, an adventure travel
photographer whose home base is on Big Pine Key, Florida.
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
JACK LONDON, MAYOR
DISTRICT 2
WILHELMINA HARVEY KEITH DOUGLASS
DISTRICT 1 DISTRICT 4
SHIRLEY FREEMAN MARY KAY REICH
DISTRICT 3 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 30,1998
TABLE OF CONTENTS PAGE
INTRODUCTORY SECTION
Transmittal Letter of the Clerk of the Circuit Court...................................................................... A-1
Certificate of Achievement for Excellence in Financial Reporting............................................... A-19
OrganizationalChart............................................. ...... ............... ....... .................... .............. A-20
, FINANCIAL SECTION
Independent Auditors' Report.................... .............I.................................. ................... ........... 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 STATEMENTS
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........... .............................I..................................................................... C-14
COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES
GOVERNMENTAL FUND TYPES:
General Fund
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-10
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....... ...................................................... .....-...I.......... .................... ................... E-24
Tourist Development, All Districts, Two Cent..............................................................-... ..... E-25
Tourist Development, Administrative and Promotional, Two Cent... ................................... -
Tourist Development, Distdct#One, Three Cent............... .............................................. ..... E-27
(Continued)
_ MONRQE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL'YEAR ENDED SEPTE8MBER 30,1998
�
TABLE OF CONTENTS -CONTINUED
PAGE
Tourist Development, District#Two. Three Cent ------------------.---' E'28
Tourist Development, District#Threa. Three Cent................................................................. E-29
Tourist Development, District#Four. Three Cent................................................................... E-30
Tourist Development, District#Fkxe. Three Cent..................................................... ............. E-31
Governmental Fund Type Grants........................................................................................... E-32
Impact Fees~ Roadways_---_--_—_------_-------------_--- E-35
|rnoactFees- PorhoondReC[eeUon-----'----------'_-------.---' E-38
|nnpaotFees- Libraries.......................................................................................................... E-37
ImpactFees - Solid Waste........................................................ ........................................ � E-38
Impact Fees- Police Facilities............................................................................................... E-39
ImpactFees- Fire and EMS.................................................................................................. E-40
Fire and Ambulance, #1 Lower and Middle Keys E-41
Fire and Ambulance, District#6 - Key La ------------------------. E-43
Unincorporated Area Service District- Parks and Recreation............................................... E-44
Unincorporated Area Service District- Planning, Building and Zoning.................................. E-45
911 Enhancement,Fees.................. ........................................ ......................... ............... ... E-47
Duck Key Security District...................... ............................................................................... E-48
Local E-48
Cudjoe Gardens Municipal
Jolly Roger Estates Municipal Service Culvert District.............................................. ............ 'E-51
Winston Waterway Municipal Service Taxing' District............................................................ E-52
E-5
Comprehensive Plan Land Authority --------------------''-----. E-55
Sheriffs Alcohol ond Tobacco E-58
Beverage�
Sheriffs —_----------------_----------------_—.. E-57
Sheriffs Federal Asset Sharing Program------------.---_----'.---- E-58
'
Sheriffs Airport S i --.-----_—'---------'--------------- E-59
Sheriffs ---------------------------'----------. E-60
SheriffsH|DTA Grants-----------__----------------------' E-81
Debt Service Funds
CombiningSheet........................................................................................................... F-1
Combining Statement of RevenVe$, Expenditures and Changes iO Fund Balances---'—.^. � _
C��ni� Revenues, Expenditures and Changes in Fund Balances-
Budget and '_..----'_---------------._------.------ F-5
Capital Project Funds
CombiningBalance Sheet........................................................................................................... G-1
CombiningStatement of Revenues, Expenditures ondChanges |nFundBakanceo------ G-2
Combining of Revenues, Expendituresand Changes in Fund Balances -
Budget and Actual ---------.----------_—,—'-------.-----' B-3
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(Continued)`
MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1998
TABLE OF CONTENTS - CONTINUED PAGE
PROPRIETARY FUND TYPES:
Enterprise Funds
CombiningBalance 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.........................................I.......................................... ...................... H-12
MarathonAirport................. .......................................... ......... ...... ............ ....... H-13
KeyWest Airport.............................................. ....................................................... ....... ..... H-14
Revenue on Issue Description........................................................... ...... ............................. H-1 5
Schedule of Debt Service Requirements,...... .............................................................. ............. H-16
Internal Service Funds
Combining Balance Sheet............. ....... ................. ............................ .................................. H-17
Combining Statement of Revenues, Expenses and Changes in and Equ4........................ ... H-19
Combining Statement of Cash Flows........ ............ ........... ............ ....................... ............ H-21,
Schedule of Expenditures - Budget and Actual:
Worker's Compensation Fund............ .......................................... ......................... ... H-25
Group Insurance Fund..... ....................................................................................... H-26
isManagement Fund................ .................. .............. ............. ......................................... H-27
Fleet Management Fund.............. .................... ...... .................................................... ........ H-28
FIDUCIARY FUNDS AND ACCOUNT GROUPS:
Fiduciary Funds
Combining Balance Sheet................................... .......... ................... .................................. 1-1
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
Drugbus Trust............................................................... ..................................................... 1-8
General Fixed Assets Account Group
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-Ter m,Debt Account Group
Schedule of Changes in General Long-Term Debt................ ................... ........................... J-6
Revenue Bond and Revenue Refunding and Issues - Description........__.............................. J-7
(Continued)
8NOM|ROE COUNTY, PLORIDA
COMPREHENSIVE ANNUAL FINANCIAL PORT
FOR THE FISCAL YEAR ENDE0SEPTERNBER 30,1998
TABLE OF CONTENTS -CONTINUED PAGE
STATISTICAL SECTION
Schedule ofDebt Senvime RSouirernonts-----.----------------------' J-S
General Fund Statistical Data
General Government Expenditures by Function......................................................................... K-1
Genera Government Revenue bv Source.................................................................................. K-3
Tax Related Statistical Data
Property Tax Levies and Collections........................................................................................... K-5
Assessed and Estimated Actual Value of Taxable Property....................................................... K-G
Property Value, Construction K-7
Principal Taxpayers---_----------------_-------------_---- K-S
Debt Related Statistical Data
Ratio of Net General Bonded Debt ho Assessed Value and Net Bonded Debt Per Capita...................... K-10
Computation of Direct Underlying and Overlapping Debt........................................................ N-11
Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General
GovernmentExpenditures.............................................................. ...................................................... N-12
Schedule of Revenue Bond Coverage- Municipal Service District-Waste............................... K-13
General Statistical Data
`
'
Schedule ofInsurance Companies—'------'------------------_---' K-14
Schedule of Insurance Agencies-----'-------_------------_------ K-15
Salaries and Surety Bonds of Principal Officials......................................................................... N-18
Demographic Statistical K-17
Miscellaneous Statistical Data.................................................................................................... K-18�
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BRANCH OFFICE CLERK OF THE CIRCUIT COURT BRANCH OFFICE
3117 OVERSEAS HIGHWAY IMONROE COUNTY 88820 OVERSEAS HIGHWAY
'MARATHON,FLORIDA 33050 500 WHIT'EHEAD 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
April 26, 1999
The Honorable Wilhelmina Harvey
Chairman, Board of County Commissioners
Monroe County, Florida
Dear MayorHarvey:
It is our pleasure to present to you, the Board of County Commissioners and the citizens, the
Monroe County, Florida Comprehensive Annual Financial Report (CA ) for the fiscal year
ended e to er 30, 1998. This report was prepared byte Finance e art e of the Clerk
of the Circuit Court. Responsibility for both the accuracy of the presented data and the
completeness and fairness of the presentation, including all disclosures, rests with the Clerk of
the Circuit Court s Chief Financial Officer of Monroe County. We believe the data, as
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; and that all disclosures necessary o enable the reader to
in a comprehensive understanding of theounty's financial activity have been included.
The CAFR is designed to meet the needs of a vide range of financial statement users and is
divided into three main sections: introductory, financial and statistical. The introductory section
consists of this transmittal letter, the prior year's Certificate of Achievement for Excellence in
Financial Reporting, and MonroeCounty's organizational chart. This section is designed to
give the reader of the financial report some basic background out the County and its financial
position. The financial section includes the general purpose, combining and individual fund
and account group financial statements and schedules, as well as the independent auditors'
report. The statistical section includes a number of unaudited tables of data depicting the
financial history of the County fort e last ten fiscal years and other demographic information.
This report includes all funds and account groups of Monroe County. Monroe County provides
full range of services and is a non-charter county established under the Constitution and the
laws of the State of Florida. For financial reporting ur s s, the County"s reporting entity
-1
consists o (1) the County as primaryov rn ent, the Boardof County Commissioners, the
Sheriff, the Clerkof the Circuit Court, the Tax Collector, the Propertyr i r, and the u r-visor of Elections, O other entities, though legally separate, which arein substance, part of the
primary government's operations and for which the primaryov rn ent is financially account-a I (blendedcomponent units), the Monroe County ComprehensivePlan Land uthori , and
( ) other organizations which arefinancially lly accountable o the primary o rn ent, or whose
relationship with the primary government is such that an exclusion would cause the reporting
entity's financial statements to misleadingbe or incomplete (discrete component units), the
Monroe County HousingFinance 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 primarygovernment and to differentiate their financial position, results of
operations, and cash flows from those of therim overn . The Monroe County School
Board onro County Mosquito Control District have not met the establishedcriteria
for inclusion in the reporting enti , and accordingly, are excluded from this report.
The Board of County Commissioners is the legislative boy for providing a wide range
services including roads, health and social services, emergency medical services, park and
recreational services, solid waste services, irpo services and other governmental services.
The day-to-day operational it do of the County is the responsibility of the appointedCounty
Administrator. The operation of other specific government functions resides with five Constitu-
tional Officers. The specific functions are indicated by their titles. The electedpositions 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 Boardof County Commissioner's operations and the lerk of the
Circuit ou 's operations, ich is included in the Boardof CountyCommissioner's General
Fund. The Clerk of the Circuit 's agency accounts, Property Appraiser, Sheriff, Supervi-
sor of Elections, Tax Collector, Monroe County Comprehensive PI n Land Authority,
component unit, and the MonroeCounty Housing Finance t on , a discretecomponent
unit, maintain their own accounting systems. However, for purposes of this CAFR, the opera-
tions of the primarygovernment n the component units, the MonroeCounty o pr ensive
Plan LandAuthority nMonroe County Housing Finance uthori , have been presented.
CONDITION
Monroe u s constitutionally formed in 1823. It is comprised, string of subtropical
islands that stretch more than one hundred iles into the Atlantic Ocean. These islands are
connected in chain-like s ion to the mainlandseries o o bridges. The County
seat, Key West, is approximately,one hundred fifty miles southwest of Miami. Havana, Cuba
lies a merein it south.
International o is tourism remains an important econo is factor in Monroe County.
The tropical climate together with the recreational t r activities makes the FloridaKeys an
Key West a major tourist area. Tourist revenues continue o reach record i s for Monroe
-
Coup t $10,045,377 for Fiscal Year 1998. This represents a 4.8% increase from prior year.
Tourist taxes are collected by-district. There are five such districts in Monroe County: Key
West, Lower Keys, Marathon, Islamorada, n ey Largo. Further evidence of the importance
of the tourist industry is that of the top ten taxpayers in Monroe County, nine r hotels.
The County enjoys a healthy unemployment rate of 2.7% at September 30, 1993 which is
below h state and national rates of 4.5% and 4.4%, respectively.
Another favorable economic indicator is continued growth in property values and bank
deposits. Bank deposits increased . % over the prior year and standt 1,117,E 0,00 . It is
clear that the County's economic condition indicates favorable influences and positive growth
trends.
MAJOR INITIATIVES
FOR THE YEAR: Monroe County continued with its overall program of improving the admin-
istration and management of the County and followed through on many,of the activities identi-
fied in the previous year. Administration worked closely with the Board of CountyCommission-
ers in the developmentof policies that guided the preparation of the fiscal year 1998 budget.
Aspects of capital I nnin r improved again so that the-Boardwoulde able to identify the
overall impact of capital funds, from whatever v r source, h re utilized for a wide variety o
capital roj cs. Work continued on a cost allocation approach that movedtoward reater
equity and consistency in the provision of funds among major sections of the County budget.
One anticipated areaof major improvement was the second step of a compensation and classi-
fication study conducted y a major national consultant. That study naly ed job descriptions
tions
and duties and the job market and,developed a job classification and compensation program
that brought the status of County employees more nearly in_line it the local and regional
markets. The result was a threeyear program to adjust compensation levels of employees
under the Board f County Commissioners and to lay the groundor in fiscal year 1999 that
ill improve job scri i ns, performance evaluations, and long range compensation proos
ls. Because of financial constraints, the Boards not able to undertake the second step of
that compensation and classificationro os I by movingindividuals half way to their are
position within the new ranges. Instead, the Board vote 3% across the boardincrease and
indicated that it would proposeto do the second step of the proposal in Fiscal Year 2000.
The major capital roj cts undertaken and continued by the County,in Fiscal Year 1998 saw
significant progress. The Jackson Square Complex in Key West,wascontinued i prepara-
tions for ultimate construction of various facilities. Additional design work continued on the
Courthouse nn x and the proposal for a new judicial complex.
The Countycontinued its aggressiveprogram of park andrecreation v to nt. During
Fiscal Year 1998, plansr completed for the Key Largo Community Park at approximately
mile marker 100. That facility ill ultimately cost in excess of $2,000,000 to develop and is
expected to by completed in Fiscal Year 1999, That schedule may be pushedback a little due
to Hurricane Georges and Tropical Storm Mitch. These natural disasters will be discussedlater
in this report.
Work continued on the design and community input aspect of the Marathon Community Park.
It is anticipated h construction could begin in Fiscal.Year 1999, which date may be delayed
because of thestorm situation in the County. Ultimately, over $2,500,000 will be set aside for
this project.
The County prepared during this fiscal year to turn over the management of the marina in
Marathon, j cent to the proposed Marathon Community r , to a manager who would be
able to maximize themarina's potential.
The search continued for a site for an Upper Keys location for a new State Health Department
facility. The Countyhas preliminarily identified the Plantation Key Courthouse area for such
facility as part of a major renovation there. It became obvious during the year, with the incorpo-
ration of the Village of Islamorada, that there maynot be sufficient funs available for such a
project. Therefore, alternatives were reviewed.
Work continued at the Key West International Airport. The approximatemillion project not
only involves additional space and renovation of the existing terminal, it also provides upgraded
facilities for various ncies associated with the airport. The nearly 600,000 passengers that
utilize this facility eachyear will now have a more efficient and pleasantexperience.
The County maintained n ongoing program f development andmaintenance of a variety f
facilities. These included roads, bridges and bike paths. During the year, it is estimated that
approximatelymillion expended for these projects resulted in improvements, maintenance
and new facilities throughout hCounty.
The incor r i n the Villageo Isl or created s problems for theadministration of
the capital projects plan. In essence, the Village's incorporation removed 1. million from the
projected 1 illion income for the year. When the plan was presentedfor approval to the
Boardof County Commissioners in September,1998, it was necessary to make some adjust-
ments in projects. No major projects were deleted ut the time r n the long range
planning the end of the infrastructure les tax in Fiscal Year 2003 was made more difficult.
In September of 1998, Monroen erienc Hurricane r s which disrupted
governmental activities for a number of weeks. Many of the projects under the capital ro ram
that were. scheduled re delayed whilethe County recovered, s ci lly in reference to the
clean up of debris as well as the repair of Countystructures. After the beginningof Fiscal Year
1999, Tropical Storm MitchI i the Countycausing her damage and continued cleanup
efforts. The financial impact es vents will be seen in the following fiscal year.
Overall, oun creatively utilizes number of sources for the v I t and mainte-
nance of its infrastructure. These sources include not only infrastructure sales tax, which
funded either completely or partially most , f the projects identified bove, but also included
impact fees andvariety of state andfederal sources; especially in reference to infrastructure
sales tax funs and the it roj cs, there are long range plans for their use.
FUTURE:THE In Fiscal Year'1999, Monroe County will continue its improvement of its capital
budgeting rocs communication with the Boardof County Commissioners concerning all
aspects oft ofthat process. There ill be capital t trend analyses in all the major areas o
capital n in in the County, as well as identification of the sources of the revenues utilized
to support those projects. There, ill be an overall summary of the capital projects plan
presented with attachedrea o ns of all the revenue sources and appropriation plans in the
different funds. This analysis will identify the major projects as they are anticipatedo proceed
throughout c I year.
In the previous year, the incorporation of the Village of Islamorada was successful, having a
istinct impact upon the County's finances. The Boardof CountyCommissions had to make
some very serious decisions concerning the tax implication's r the citizens in the -remaining
unincorporatedi ri s in the County. A partial implementation of the cost allocation system
becamert of the Fiscal Year 1999 Countybudget and was to be the first step in further cost
allocation adjustments in succeeding r .
In Fiscal Year 1999, there may be legislative votes on other possible incorporations. The most
likely votes appear to be for the proposed City of Marathon and the proposedill of Key
Largo. If the state legislature pass s the acts that are necessary to providethe referenda an
the charters for thene -proposed incorporations, and if in the fall of 1999 the voters in those
areas vote in favor of the incorporations, there ill be significant impacts upon the County's
fiscal and budgetarystatus. Not only will there be a major reduction in the total assessed
valuation in the unincorporated districts, there will be a significant reduction in services. There
ill also be the potential for the r ns r of state shared revenue to the new communities.
One issue is the utilization of infrastructure sales tax. The primaryuse -is for retiring
the bonds that supported, he development of the County-wide det nion` facility. The $4.7
million annual amount for that purposeis in absolutely no danger. However, distributions o
that tax to other new municipalities could n a-restructuring of other aspects of the capital
programin future years.
The Compensation and Classification Study that was first implemented in Fiscal Year 1998 was
not able to be continued in the Fiscal,Year 1999 budget. This us of other outside
impacts. o r of County Commissioners voted a 3% across the board increase for
II County employees. In the developmentof the Fiscal, r 2000 budget, it is hoped that the
County can return implementation of the thr r program as identified an outside
consultant. The long range impact will be to provide stability in the County's compensation
program.
Fiscal year 1999 to date has seen a major cleanup ort and repair effort s a result of the
damage created urricane Georges andTropical Storm Mitch. It is anticipated that the final
total for the Countyalone ill approach $30million, with the Federal Emergency Management
Administration providing approximately % of that amount and the StateFloridarovidin
approximately 12.5% of that amount. The balanceof approximatelymillion is to be
provided County, i u not a substantial amount, offset by in-kind services.
There is also a programsponsored by the National Resource Conservation Service,
agency, which will assist the County withn approximate $4.5 million program for canal
cleanup. i similarpercentages s above, the Countyill responsible for approximately
50 , .
The County will continue its major efforts in reference to the Jackson Square Project in Key
West with various aspects of that project moving forward. Most notable is the renovation of the
old`Courthouse r related to the Courthouse Annex and the new judicial building, which
are scheduled for construction starting in Fiscal Year 2000. Smaller projects are planned for
the Marathon Government Annexn the Marathon Sheriffs Substation, as` ell as the Court-
house n I r 's area in Marathon.
In the Public Safety area, there aremany projects proposed roun County, including
communications buil i in Marathon, improvements to various fire stations around the County
and the beginning of the Plantationy Courthouse area addition and renovations,
Humanis s include improvements to Bayshore Manor, the County'sassisted living facility,
as II as the potential location of a new tat t of Healthfacility in the Upper Keys.
The Countyill continue i i variety of parkn recreation improvements t many
facilities. Small projects are identified for various beach facilities, s well as the various
museums in the County. The major park project under constructionduring this Fiscal Year is
the y Largo o ui r It is a major facility, designs for which were completed after
extensive public input. Overmillion in construction costs, including impact fees, shout
bring this project to a conclusion late in Fiscal Year 1999 or early in Fiscal Year 2000.
The Marathon`Community r planning ill continue i construction to begin during Fiscal
Year 1999 on the overmillion project. In addition, the adjacent marina, which the County
recently rc s is to be improved ih the assistancemanagement r . The
combination o , these projects I should serve to providemajor regional ill hich will
have a notable impact on the Marathon community.
rly, in Fiscal Year 1999, bids arescheduled o be opened for the Building
Commissary) r what will be an approximate $6 million development cost. The property,
obtained fr r the Navyits military facility down-sizing r r , will house the
StateI various ounty social service civiiCounty administra-
tive offices. ull development is expectedbegin early in calendar r 1999 withcompletion
and occupancyduring summer of theyear 2000.
The program that the Countyoperates n lly for the maintenanceimprovement, o
roads, bridges and, bike paths will continue during Fiscal Year 1999. It is estimatedthat
approximatelymillion will be expended,for these projects with costs coming exclusivelyfrom
transportation impactfees, gas tax revenue, n rSound toll revenue.
In conclusion, Monroe County continues its aggressive programto bring ,its facilities up to
modern standards and to provide significant additional opportunities for the citizens to enjoy
public property. There ill have to be some additional considerations in the futureconcerning
the amountof funs available for these ur os s and how they r o be programmed.
DEPARTMENT FOCUS:
MONROE COUNTY AIRPORTS
Monroe County operates two airport facilities, Key West International Airport and Marathon
Airport. Key West International accommodated 500,300ss ri rs in the last calendar year
and is served commuter airlines. I Duringthe last year, safety and operational efficiency
re enhanced through two new programs. Security was increased on the air-side and land-
side of the facility _y entering into an agreement withthe Monroe County Sheriff to supply certi-
fied law enforcement officers, replacing the security u r s through rition as they retire or
relinquish their positions.
The AirportRescue it i ting Unit at the y West Airport now serves the field around the
clock. In order to accommodate the new shift-schedule of 24 hours on, and 48 hours off, a new
fire,station will be constructed to replace the current thirty year old facility.
Because of the excellent funding sources v it I from the Federal vi tion Administration,
the Floridaept of Transportation and passenger facility charges, capital improvements
are constantly n oin t both airports.
In Key ,West, the existing terminal uil ing, which was constructed in 1957, is undergoing an
extensive rehabilitation. The recently completed rnol Annex is a multi-functionstruc-
ture is currently houses the US Customs Service and related nci s and a Keys shuttle
s station. remaining vacant o ion of the building will become the new homeof the
greatly expanded National Weather Service operation in Key West. Construction on this
project ill begin in February, 19,99.
The current,year was difficult for Key West International Airport. Not only were operations ore
difficult u to on-going renovation of the terminal uil in , but in September Hurricane
Georges came to visit, and floodedit i o feet of salt water. Most -affected this
were the runway andtaxiway lighting systems, which had to be completely replaced in the
aftermath of the hurricane.
Future r j cts at Key West International Airport include the construction of a new employee
parking lot, the resurfacing of the runway, taxiway and aircraftparking apron, as well as several
environmental projects within andj c n o the airport boundaries.
The Marathon Airport also had a difficult year. Although Hurricaneor r ly touched the
facility, r t n' commercial airline traffic declined by 25%. This phenomenon is very typical
for small airports throughout the State of Florida andthe rest of the count
-7
Capital improvements at Marathon Airportinvolved i t major project, the extension
resurfacing of the taxiway n the fieK In the future, we ar I in to construct
pit general aviation hangar complex, as well as several smaller environmental and operational
projects.
INTERNAL CONTROL STRUCTURE
The internal control structure is designedto ensurethat the assetsf the County areprotected
from loss, theft or misuse and to ensurethat adequate accountingt r compiled to allow
for the preparationf financial statements in conformityit r I accepted ti
principles. The internal control structure is designedto providereasonable, but not absolute,
assurance that these objectivesr t for both internal and external reporting r s .
The Clerk of the Circuit Court maintainsan Internal it Department. This
performs financial and compliance i for the Clerkthe Circuit Court and the Board
Countyi i n rs. The mainfunctions of the Internal Audit Division are to evaluatethe
internal cc tin controls, r compliance wi isti laws andregulations wit i the
County's accounting system, and make recommendations to management for improvement.
This evaluationprovides nt with the assurance that their financial resources r
beingr rl recorded adequately safeguarded.
GENERAL GOVERNMENT
Total primary general government
revenues coll of y Monroe County
Florida
during the pasty r amounted to $140.9 General Government
million, This o nt includes revenues
of the General, Special Revenue, i6o
Service, Capital Projects, and Fiduciary , 120
Fund , but does not include colt - ' ,00
tions from the Proprietaryinn r the
60
60
Monroe County Housing Finance _ 40 _}
2®
Authority, discrete component unit. 0
The r h to the right illustrates a '89 '90 '91 '92 '93 '94 '96 '96 '97 '99
ten-year history of Monroe County's Fiscal Year
primary general governmentrvnus.
Ta
3C s of 1 million comprisedthe
Pin miscellaneous 'Tax
largest n r l government revenue Charges 0 Intergovernmental
source. The second largest revenue
category is intergovernmental revenues,
which includes various federal n state shared revenues r nts amounting to $33.7
million. Charges for services comprise third largest revenue source t $8.8 million. The
remaining pri n r I government revenues are composed of $7.5 million for investment
income, 3. illi n for miscellaneous revenues, .1 million for fines forfeitures, .
million for licenses and permits. For graphic purposes.miscellaneous revenues r n t
include licenses n permits n investment inc
The chart below represents a summary of General, Special Revenue, t Service, Capital
Projects, and Fiduciary revenues for the fiscal years ended September 30, 1998 and
1997, and the amount of increases n decreases in relation to prior year revenues.
Amount of Percentage Perc nt
Revenue Source 1998 jM7 Increase of Tot I of Total
Dollars in Thousands (Decrease) 1998 1997
Taxes 733,652
1 77, , .2 59.05
Licenses Permits , 6 1 - 1.7
Intergovernmental 29,24 4,4 7 . 2
Char s f r ices 1 8,790 (3 ) 611 6.71
Fides & Forfeiture 3,0.95 4,420 (1,325) 2.20 3.37
Investment-inco e 7,528 6,582 946 5,34 5:02
Miscellaneous 1 3,505 2,397 1,108 2.491.83
Total 140,878 131,055 9,823 100.00 1 0. 0
The majority f the $9.8 million increase from rior year was for tax and intergovernmental
revenues of $4.7 million andmillion respectively. These revenue sourc es represent %
of the total increase. Intergovernmental revenues include grant resources, ib increased
approximately $3.5 million. An increase of approximately $1.5 million can be attributedto the
Sheriffs federal High Intensity Dru r is i re ( I T ) grants from the Department of
the Justice and the Office f National Drug Control Policy.
Primary ov rn nt revenues collected y
all Fund Types, including v rn entel MonroeFlorida
Fundsr vi usly listed, as well as ro riCTotal Primary GovernmentRevenues
tary Funds, amounted to 7 1,17 ,
which represents an increase f approxi-
mately 1 illi n or 8.5% over the previ- a Taxes
us fiscal year. T largest sours of .3` 177 Licenses
revenue this year in the Proprietaryn 2.2% 2.5% Intergovernmental
Types sCharges r Services amounting . % El Charges for Services
to approximately $31.9 million. The graph 24.0°f0 v;� s� 0 58 2% i Fines&Forfeitures
to the right illustrates the proportion of 1.6% M., Investment Income
primaryov rn nt revenues, ri utabl 71, Miscellaneous
to the various sources.
Debt Service, Capital Projects andFiduciary Fund expenditures, excluding The followingchart
represents a summary en r 1, Special Revenue, the ousin Finance Authority, discrete
component unit, for the fiscal years ended September , 1998 and1997, and the t of
increases and decreasesin relation to prior year expenditures:
Amount of Percentage Percentage
Expenditure Function 1998 1997 Increase of Total of Total
Dollars in Thousands (Decrease) 1998 1997
7
General Government 21,004 26,213 (5,209) 17.45 22.96
Public Safety 56,692 51,528 5,164 47.10 45.14
Physical Environment 2,300 947 1,353 1.91 0.84
Transportation 4,508 5,664 (1,156) 3.75 4.96
Economic Environment 10,748 9,618 1,130 8.93 8.42
Human Services 6,238 5,862 376 5.18 5.13
Culture & Recreation 3,720 33657 63 3.09 3.20
Court Related 6,615 -- 6,615 5.50 0.00
Debt Service 5866 5,971 (105) 4.87 5.23
Capital Outlay 2,674 4,704 (2,030) 2.22 4.12
Total 120,365 114,164 6,201 100.00 100.00
The court related function in the prior year was consolidated with the general government
function; therefore, the general government function actually increased by $1.4 million when
comparing a similar consolidation in the current year.
The two largest functions are Public Safety and General Government. The primary public
safety expenditures are the Sheriff and fire and ambulance operations and activities. The
general government expenditures greater than $1 million in descending order are: HIDTA
grants; public works facilities maintenance; Tax Collector operations; Property Appraiser
operations; unincorporated area service district-planning, building and zoning; Monroe County
Comprehensive Land Authority; Board of County Commissioner's information systems; and.
Board of County Commissioner's. The
'Monroe County, Florida $5.2 million decrease in general
Total Primary Government Expenditures government function is offset by the
FY 1998 $6.6 million increase in the court
related function.
General Government
5.5% 4.9% Public safety Primary government expenditures for
En all fund types, including the Govern-
19.7vironironment
3.1% % En
5.2% g, ❑Transportatlon mental Funds previously listed as well
8.9% ` Economic as the Proprietary Funds, amounted to
Environment
17% " � �" `` Human Services $155,216,032, which represents an
1 9%° l culture and increase of over $7.5 million or 5.1%
47.1% Recreation from the previous fiscal year. The
Court Related
Mbtservice graph on the left illustrates the propor-
tion of expenditures attributable to the
various functions.
A-10
ENTERPRISE
Enterprise u s are s lis e o finance ccount 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
f revenues earned, expenses incurred, and/or net income is appropriate for capital mainte-
nance, u lic policy or other purposes. The County maintains four enterprise funds asfollows:
DISTRICT,MUNICIPAL SERVICE - This fund accounts for the County's County' sanitary
waste collection, disposal, and recycling activities, as well as the closure and post closure of
the landfills. Operating revenues during the fiscal year increase %, while operating
expenses increased %. The fund reported a net income of $72,479in Fiscal Year 1998,
compared to a not income of$161,376 in Fiscal Year 1997.
CARD SOUND BRIDGE - This fund accounts for the operations of the oun 's toll bridge.
Operating revenues n x en itur s generated duringfiscal year amounted to $1,028,508
and $690,463, respectively.
AIRPORTMARATHON - This fund accounts for the operations of the Marathon Airport. Net
income for the current fiscal year amounted to $283,076 compared to a net loss in the prior
fiscal year of $87,960. The County collected ssen r facility charges totaling 2,33 in
Fiscal Year 1998 and3, in Fiscal Year 1997.
KEY WEST INTERNATIONAL I This fund accounts for the operations of the Key
West International Airport. The fund reported net income of $402,969 in Fiscal Year 1998,
compared o a net income of$271,714 in Fiscal Year 1997.
FIDUCIARY
The County maintains five agency and four expendable trust funds, Fiduciary Funs are estab-
lished to account for assets held by the County in a trustee capacity or as an agent for individu-
als, private organizations, other government units, or other funds. The Jot al, assets of the
Fiduciary un s were $7,866,559of September 3 , 1998. The threelargest of the funds
are the Tax Collectors Property Tax, Sheriff s General Agency, n I r 's General Agency.
FIXEDGENERAL
The general fixed assets of the County re those fixed assets used in the performance of
general ov rn n I functions, and they exclude thefixed assets of ProprietaryFunds. As of
September 30, 1998, the general fixed assets of the Countyaunt o 1 . This
amount represents the original cost of theassets and bears no relationship to their present
value. There s a 1. % increase from h rior fiscal year. Depreciation of general fixed
assets is not recognized in the County's accounting system in accordance withov rn etal
Accounting r ctic s.
-11
DEBT ADMINISTRATION
n January 1, 1998 the County issued $17,505,000 Sales Tax Revenue Refunding Bonds,
Series 1998 for the purpose of refunding the 2001-2004 maturities of the County's outstanding
Sales Tax Revenue Bonds, Series 1991.
CASH MANAGEMENT
The Finance ertment monitors the cash flow needs of the'Board of County Commissioners
on a weekly basis in accordance with the written investment policy. All operating funds in
excess of weekly cash flow needs are deposited with the Local Government Surplus Funds
Trust Fund under the management of the Floridat to Board of Administration. This invest-
ment opportunity 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 e uiv lets of the County, excluding
those funs held and accounted for by the separate Constitutional Officers, those requiring or
benefiting y separate investment, and those with legal requirem,ents. This gives the County
the ability to maximize its yield on the short-term investment f cash, increasing- its income
,accordingly. The Countyen r t 9 , in investment income during the current fiscal
year.
RISK MANAGEMENT
The Coun 's assets are protectedr the risk management r r developed and
managed y the Riskn ecio f the Human Resources Department. They
minister insurance activities relating to fleet auto liability, liability, and public official
liability. Additionally, the County, managed y the Employee BenefitSection, maintains a
Worker's Compensation rou Insurance Internal Service Fund. Under these programs,
II County employees, II as the employees of the Constitutional Officers, are provided a
comprehensive he l h care Ian and term' life insurance coverage ell as a worker's
compensation pr r . Funding for these r r s is generated y charges to the operating
departments on management's annual estimates of cl i ._ loss and operating costs.
BUDGETARY CONTROL
Budgets for the Propertyr i r and the Tax Collector are approvedthe FloridaDepart-
ment v nu are adopted s part of the General Fund by the BoardCounty
Commissioners. The Sheri isr of Elections, Irk of the CircuitCourt prepare
budgets for their General Funs which aresubmitted to and approvedBoard.
Formal budgetary integration is employeds a managementcontrol device duringthe year for
II fund types except as noted in the Notesto the General Purpose Financial Statements.
Monroe County follows the laws of Floridaregarding the control, adoption, and amendment of
the budget duringfiscal r; in additionthe County Commission increases the level of
budgetarycontrol because theyapprove all cost center, budgetary changes resolution.
-1
s an additional control, the County employs an encumbrance system which reduces available
appropriations,in governmental funds upon the issuance of purchaseorders, contracts, or other
forms or legal commitments. Encumbrances at year end 'do not constitute expenditures or
liabilities. They areaccounted for as a reservation of fund balancein the year the commitment
is made. While appropriations lapse the end of the fiscal year, t succeeding is budget
resolution provides for the reappropriation ofyear-end encumbrances,
INDEPENDENT
Chapter 11.45 of the FloridaStatutes 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, 1998. The opinion of the auditors has been included in this report,
along with the auditor's report, on the general purpose financial statements n combining and
individual fund statements n schedules is included in the financial section of this report. I
addition to meeting the requirements set forth in State Statutes, the auditalso was designed to
meet the requirements of the Federal Single Audit Act of 1984 andrelated Circular -133.
The single u i report is separately oun n not included f this report.
CERTIFICATE OF ACHIEVEMENT
The GovernmentFinance Officers Association of the UnitedStates and Canada ( F )
-awarded ific to of Achlievement for Excellence in Financial Reporting to Monroe County
for its Comprehensive Annual Financial Report for the fiscal year erided September 3 , 1997.
The Certificate of Achievement is a prestigious national award, recognizing conformance with
the higheststandards for preparation of state n local government financial reports.
In order to be awardeda_Certificate of Achievement, a government must publishn easily
readable n efficiently organized r sive Annual ,Financial Report, whose contents
conform to program standards. c o r nsive Annual Financial Report must satisfy
both generallyaccepted ccou tin principles and applicablelegal requirements.
Certificateof Achievement is valid for a periodof one year only. Monroe County has
received ific of Achievement forte last ten consecutive rs. We believe our
current report continues to conform to the Certificateof Achievement programrequirements,
and we are submitting it to the GFOA.
ACKNOWLEDGMENT
This report results from uu l cooperation and dedication ntir Finance Depart-
ment for their invaluable assis nc under the direction of the Clerk of the Circuit Court of
Monroe County s Auditor and Chief Financial Officer to the BoardCounty o ission .
Special thanks o to Lisa Alburyn ci Clynes, who were committed to the preparation
and productionf this report.
Although the FinanceDepartment is responsible for r r ti n of thisreport, the County's
independent au iors, Kemp and Green, PA, havegreatly contributed report. ur sincer-
est
appreciation is extended them for all they have accomplished.
- 3
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-staff
of airport operations for contributing the departmental focus. We would also like to express our
appreciation 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 Jack London, Commissioner Shirley Freeman, Commissioner
Wilhelmina Harvey, Commissioner Keith Douglass, 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. Kolhage Sandra Carlile
Clerk of the Circuit Court Finance Director
and Chief Financial Officer
A-14
Certificate
Achievement
for Exc' ellence
in Financial
Reporting
Presented to
Monroe County,
Florida
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1997
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
UNTTED STATES q
W A H
CAWA h President
C ORATpN g
S aoy
clicks"
Executive Director
A-1
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P.A.
Certified Public Accountants
1433 KENNEDY DRIVE
P. G. BOX 1529
KEY WEST, FLORIDA 33D41-1529 MEMBER ERICAN 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
e have audited the accompanying general -purpose financial statements of
Monroe County, Florida (the "County") as of September 30, 1998 and for the
year then ended as listed in the table of contents. These general -purpose
financial statements are the responsibility of the Couny'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 neral -purpose financial statement presentation. We
believe that our audit provides a reasonable basis for our opinion.
In our opinion, thegeneral -purpose financial statements referred to above
present fairly, in all material respects, the financial position of the County
as of September 30, 1998, 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
-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 April 2, 1999 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.
Kemp & Green, P.A.
Certified Public Accountants
April 2, 1999
B-2
P.A.
Ceritified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 3,3041-1529 MEMBER OF AMERICAN INSTITUTE
. O. 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, 1998, and
have issued our report thereon dated April 2, 1999. 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'sgeneral-
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 e 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
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
B3
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.
Kemp & Green, P.A.
Certified Public Accountants
April 2, 1999
B-4
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.
SPECIAL
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.
CAPITAL
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
The Enterprise Funds are used to account for operatios,th t 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 ri aril through user charges or
here 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
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
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.
FIXEDGENERAL
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
sets of Proprietary Funds.
GENERAL LONG-TERM DEBT
The ner I Long-Term t Account Group is used to account for the
ount 's liability for special revenue bands and other general long-term obligations,
hick are not obligations of the Proprietary Funds.
MONROE COUNTY, FLORIDA
COMBINED A C ET
ALL FUND TYPES, ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT
SEPTEMBER 30, 1998
PROPRIETARY
GOVERNMENTAL FUND TYPES FUND TYPES
Special Debt Capital
General Revenue Service Projects Enterprise
ASSETS AND OTHER DEBITS
Assets:
Cash and Cash Equivalents 20,579,155 $ 81,218,173 $ -- $ 26,829,557 $ 18,543,388
Investments 4,722,884
Accounts Receivable:
Delinquent Waste Collection Fees -- - -- -- 754,088
Allowance for Uncollectible
Waste Collection Fees __ _ __ (701,640)
Other 404,404 2,207,630 -- 2 819,270
Allowance for Other Uncollectible (200,243) (1,949,375) -- - (54,608)
Mortgages/Notes Receivable -- 2,583,840 -- -- __
Allowance for Mortgage Receivable - (387,274)
Inventory 21,205 -- -- -- --
Inventory of Land for Resale - 11,457,264 -- -- --
Prepaid Expenses 301 -- - -
Due from Other Funds 597,053 876,035 - 30,651 312,877
Due from Other Governmental Units 4,177,462 6,030,329 - 1,637,302 1,450,547
Interest Receivable - 32,169
Restricted Assets:
Cash and Cash Equivalents - - 1,832,234 -- 5,694,102
Interest Receivable __ _ 388
Property, (Net, Where Applicable
of Accumulated Depreciation) -- -- -- - 23,675,179
Deferred Charges (Net) - - -- -- 218,068
Other Debits:
Amount Available for Debt Service -- -- -- -- -
Amount to be Provided for Retire-
ment of General Long-Term Debt
Total Assets and Other Debits $ 30,302,221 $ 102,068,791 $ 1,832,622 $ 28,497,512 $ 50,711,271
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
$ 7,441,846 $ 6,284,883 160,897,002 $ 181,371 $ 161,078,373
4,722,884 4,722,884
754,088 754,088
(701,640) (701,640)
237,792 44,720 3,713,818 3,676 3,717,494
(2,204,226) (2,204,226)
2,583,840 2,583,840
(387,274) (387,274)
21,205 21,205
11,457,264 11,457,264
301 1,163 1,464
97,060 1,250,529 3,164,205 3,164,205
271,822 286,427 13,853,889 41,192 13,895,081
32,169 32,169
7,526,336 7,526,336
388 388
2,283,383 140,596,453 166,555,015 1,184,104 167,739,119
218,068 218,068
1,295,397 1,295,397 1,295,397
— 33,847,875 33,847,875 1,178,132 35,026,007
10,331,903 $ 7,866,559 $ 140,596,453 $ 35,143,272 407,350,604 $ 2,589,638 409,940,242
The notes to the financial statements are an integral part of these statements.
C-2 (Continued)
MONROE COUNTY, FLORIDA
COMBINED CE SHEET-CONTINUED
ALL FUND PE C U T GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT
SEPTEMBER 30, 1998
PROPRIETARY
GOVERNMENTAL FUND P FUND TYPES
Special Debt Capital
General Revenue Service Projects Enterprise
LIABILITIES, FUND EQUITY AND
OTHER CREDITS
Liabilities:
Accounts Payable $ 1,558,756 $ 2,495,040 $ - $ 505,208 $ 2,724,089
Retainage Payable - 28,035 - 256,500 232,226
Claims and Judgements Payable - - -- - 221,944
Due to Others
Due to Other Funds 661,307 2,055,839 - 362,387 74,611
Due to Other Governmental Units 3,368,893 1,128,474 - - 138,886
Accrued Comp.Absences Pyble 235,317 94,803 - -- 16,723
Accrued Wages and Benefits Pyble 2,879,345 1,023,507 -- 12,587 138,776
Deposits in Escrow 74,750 1,460 -- 5,400 64,900
Deferred Revenues 56,080 9,167,708 -- -- 323,546
Capital Leases Payable -- -- - 165,071
Payable from Restricted Assets:
Accrued Interest Payable -- - 537,225 -- 257,894
Revenue Bonds Payable-Current _ _ 375,000
Landfill Closure/Post Closure Costs - - -- -- 385,357
Other Current Liabilities 4,271 145 -- -- --
Long-Term Debt __ __ __ -_ 9,190,636
Total Liabilities 8,838,719 15,995,011 537,225 1,12,082 14,309,659
Fund Equity and Other Credits:
Investment in General Fixed Assets -- - -- _
Contributed Capital -- -- -- -- 15,320,069
Retained Earnings:
Reserved for Rev. Bond Retirement __ __ _ 1,679,518
Unreserved - - -- - 19,402,025
Fund Balances:
Reserved for Encumbrances 61,039 520,167 _- 137,096 Reserved for Trust Fund Purposes - -- -- --
Reserved for Land Acquisition -- 1,608,213
Reserved for Inventory - 11,457,264 -- -- --
Reserved for Mortgage Loans -- 492,214
Reserved for Debt Service - - 1,295,397 -
Reserved for Replacements
Unreserved, Designated for Beaches -- 510,052 -- -- _
Unreserved; Undesignated 21, 02,463 71,485,870 -- 27,218,334 --
Total Fund Equity and Other Credits 21,463,502 86,073,780 1,295,397 27,355,430 36,401,612
Total Liabilities, Fund Equity and
Other Credits $ 30,30 ,221 $ 102,068,791 $ 1,832,622 $ 2 ,497,512 $ 50,711,271
C-3
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
262,602 832 $ 7,546,527 5,449 7,551,976
516,761 516,761
4,553,504 4,775,448 4,775,448
1,230,988 1,230,988 1,230,988
4,592 5,469 3,164,205 3,164,205
9,895 5,432,208 10,078,356 10,078,356
6,184 353,027
71,768 4,125,983 4,125,983
146,510 5,259 151,769
9,547,334 9,547,334
165,071 165,071
795,119 795,119
375,000 375,000
385,357 385,357
7,603 12,019 12,019
78,327 35,143,272 44,412,235 1,178,132 45,590,367
4,994,475 6,669,497 35,143,272 87,629,940 1,188,840 88,818,780
140,596,453 140,596,453 1,184,104 141,780,557
2,674,554 17,994,623 17,994,623
1,679,518 1,679,518
2,662,874 22,064,899 22,064,899
718,302 718,302
1,197,062 1,197,062 1,197,062
1,608,213 1,608,213
11,457,264 11,457,264
492,214 492,214
1,295,397 1,295,397
5,463 5,463
510,052 510,052
120,106,667 211,231 120,317,898
5,337,428 1,197,062 140,596,453 319,720,664 1,400,798 321,121,462
10,331,903 7,866,559 $ 140,596,453 $ 35,143,272 $ 407,350,604 $ 2,589,638 409,940,242
The notes to the financial statements are an integral part of these statements.
C-4
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
ALL GOVERNMENTAL U PE , EXPENDABLE T T FUNDS AND
DISCRETELY PRESENTED COMPONENT I
FOR THE FISCAL YEAR ENDED SEPTEMBER , 1
GOVERNMENTAL FUND TYPE
Special Debt Capital
General Revenue Service Projects
Revenues:
Taxes $ 16,234,451 $ 52,599,337 $ -- $ 13,217,392
Licenses& Permits 387,332 1,908,296 -- --
Intergovernmental 10,5 9,120 22,209,321 893,250 -
Charges for Services 3,808,236 4,897,505 -- 75
Fines&Forfeitures 178,482 2,364,221 --
Investment Income 1,411,409 4,692,588 166,004 1,198,282
Miscellaneous 682,374 2,561,747 -- 33,275
Total Revenues 33,251,404 91,233,015 1,059,254 14,49,024
Expenditures:
Current:
General Government 16,810,609 4,193,749 --Public Safety 30,263,921 25,531,178 -- --
Physical Environment 166,812 2,132,95 -- --
Transportation 25,789 4,481,886
Economic Environment 400,372 10,347,594 - --
Human Services 3,251,425 2,986,350 -- -
Culture and Recreation 2,357,734 1,362,566
Court Related 5,736,590 878,954 --
Debt Service 114,884 25,476 5,725,621 --
Capital Outlay -- -- -- 2,673,558
Total Expenditures 59,128,136 51,940,748 5,725,621 2,673,558
Excess of Revenues Over/
(Under) Expenditures _(25,876,732) 39292,267 (4,666,367} 11,775,466
Other Financing Sources/(Uses}:
Operating Transfers from Other Funds 31,711,784 1,7 ,986 4, 16,035 776,959
Operating Transfers to Other Funds (2,632,026) (30,424,303) -- (6,216,699)
Capital Lease Acquisition -- 56,676 -- --
Debt Proceeds -- -- 17,546,671 450,000
Payment to Refunded Bond Escrow Agent -- -- (17 243,111) --
Total Other Financing Sources/(Uses) 29,079,758 (28,622,61) 5,119,595 ( ,989,740)
Excess of Revenues and Other Sources,
Over/(Under)Expenditures&Other Uses 3,203,026 10,669,626 453,228 6,785,726
Fund Balance, October 1, 1997 18,260,476 75,404,154 842,169 20,569,704
Fund Balance, September 30, 1998 $ 21.,4631502= $ _86 773,780 $ _1 295, 997 27355 430
C-5
TOTAL TOTAL
FIDUCIARY PRI R Y COMPONENT REPORTING
FUND TYPES GOVERNMENT UNIT ENTITY
Housing
Expendable Memorandum Finance Memorandum
Trust Only Authority Only
$ 82,051,180 $ $ 82,051,180
2,295,628 2,295,628
-- 33,651,691 33,651,691
45,554 8,751,370 8,751,370
552,166 3,094,869 -- 3,094,869
59,766 7,528,049 2,485 7,530,534
227,257 3,504,653 107,680 3,612,333
884,743 140,877,440 110,165 140,987,605
-- 21,004,358 159,422 21,163,780
896,736- 56,691,835 -- 56,691,835
-- 2,299,807 2,299,807
4,507,675 4,507,675
10,747,966 10,747,966
6,237,775 6,237,775
3,720,300 3,720,300
6,615,544 6,615,544
5,865,981 5,865,981
-- 2,673,558 — 2,673,558
896,736 120,364,799 159,422 120,524,221
(11,993) 20,512,641 (49,257) 20,463,384
39,049,764 39,049,764
(39,273,028) (39,273,028)
56,676 56,676
17,996,671 17,996,671
_�1 7,243,111) (17,243,111)
586,972 586,972
(11,993) 21,099,613 (49,257) 21,050,356
1,209,055 116,285,558 265,951 116,551,509
____1,19_7062 137�385 171 $ $ 1.37 M,865-
The notes to the financial statements are an integral part of these statements
C-6
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, 1998
GENERALFUND
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 16,370,281 $ 16,234,451 $ (135,830)
Licenses&Permits 225,000 387,332 162,332
Intergovernmental 8,630,100 10,549,120 1,919,020
Charges for Services 3,186,884 3,805,465 618,581
Fines&Forfeitures 228,500 178,482• (50,018)
Investment Income 655,000 1,411,409 756,409
Miscellaneous 213,788 682,374 468,586
Total Revenues 29,509,553 33,248,633 3,739,080
Expenditures:
Current:
General Government 17,960,206 16,834,749 1,125,457
Public Safety 31,064,886 30,263,921 800,965
Physical Environment 171,519 166,812 4,707.
Transportation 85,806 25,789 60,017
Economic Environment 403,018 400,372 2,646
Human Services 3,816,284 3,251,425 564,859
Culture and Recreation 2,492,345 2,357,734 134,611
Court Related 5,910,609 5,736,590 174,019
Debt Service -- 114,884 (114,884)
Total Expenditures 61,904,673 59,152,276 2,752,397
Excess of Revenues Over/(Under) Expenditures (32,395,120) (25,903,643) 6,491,477
Other Financing Sources/(Uses):
Reserve for Contingencies (1,319,820) -- 1,319,820
Operating Transfers from Other Funds 32,276,892 31,711,784 (565,108)
Operating Transfers to Other Funds (2,986,794) (2,632,026) 354,768
Capital Lease Acquisition -- -- --
Debt Proceeds - -- --
Payment to Refunded Bond Escrow Agent __ __ --
Total Other Financing Sources/(Uses) 27,970,278 29,079,758 1,109,480
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses-Budgetary Basis (4,424,842) 3,176,115 7,600,957
Total Adjustments -- 26,911 26,911
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses-GAAP Basis (4,424,842) 3,203,026 7,627,868
Fund Balance, October 1, 1997 18,260,476 18,260,476 --
p
Fund Balance,September 30, 1998 $ 13,835,634 $ _ 21,463,502 $ 7,627,868
C-7
SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
54,812,664 $ 52,595,953 $ (2,216,711) $
1,210,000 1,908,296 698,296
31,340,886 21,478,253 (9,862,633) 898,250 893,250 (5,000)
5,545,028 4,897,505 (647,523) --
25,000 1,643,289 1,618,289 -- --
2,118,410 4,687,716 2,569,306 125,000 166,004 41,004
4,110,336 2,602,497 (1,507,839) -- --
99,162,324 89,813,509 (9,348,815) 1,023,250 1,059,254 36,004
19,950,071 8,360,142 11,589,929 --
32,665,757 24,065,550 8,600,207
5,309,572 2,132,995 3,176,577
20,430,615 4,481,886 15,948,729
13,589,878 10,347,594 3,242,284
7,079,582 2,986,350 4,093,232
4,341,249 1,362,566 2,978,683
1,106,793 878,954 227,839 -- --
64,390 84,476 (20,086) 6,771,537 5,725,621 1,045,916
104,537,907 54,700,513 49,837,394 6,771,537 5,725,621 1,045,916
(5,375,583) 35,112,996 40,488,579 (5,748,287) (4,666,367) 1,081,920
(3,842,889) -- 3,842,889 (337,230) -- 337,230
3,237,901 1,744,986 (1,492,915) 4,913,000 4,816,035 (96,965)
(31,008,478) (30,424,303) 584,175 -- -- --
56,676 56,676 -- --
-- 17,887,292 17,546,671 (340,621)
(17,243,111) (17,243,111)
(31,613,466) (28,622,641) 2,990,825 5,219,951 5,119,595 (100,356)
(36,989,049) 6,490,355 43,479,404 (528,336) 453,228 981,564
10,163,788 4,179,271 (5,984,517) -- --
(26,825,261) 10,669,626 37,494,887 (528,336) 453,228 981,564
75,404,154 75,404,154 -- 842,169 842,169
48,578,893 $ 86,073,780 $ 37,494,887 $ 313,833 $ 1,295,397 $ 981,564
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
CHANGESIN FUND BALANCES-BUDGET A ACTUAL
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS -CONTINUED
FOR THE FISCAL YEAR DE SEPTEMBER 3 , 19 8
CAPITAL PROJECT FUNDS
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 10,000,000 $ 13,217,392 $ • 3,217,392
Licenses& Permits -- --
Intergovernmental -- -- --
Charges for Services -- 75 75
Fines& Forfeitures -- -- --
Investment Income 200,000 1,198,282 998,282
Miscellaneous -- 33,275 33,275
Total Revenues 10,200,000 14,449,024 4,249,024
Expenditures:
Current:
General Government 9,515,080 2,007,963 7,507,117
Public Safety 2,475,000 11,485 2,463,515
Physical Environment -- --
Transportation 348,514 -- 348,514
Economic Environment -- -- --
Human Services 503,000 - 503,000
Culture and Recreation 2,392,500 354,596 2,037,904
Court Related 551,965 299,514 252,451
Debt Service -- -- --
Total Expenditures 15,786,059 2,673,558 13,112,501
Excess of Revenues Over/(Under) Expenditures (5,586,059) 11,775,466 17,361,525
Other Financing Sources/(Uses):
Reserve for Contingencies (1,460,906) -- 1,460,906
Operating Transfers from Other Funds 110,000 776,959 666,959
Operating Transfers to Other Funds (7,268,560) (6,216,699) 1,051,861
Capital Lease Acquisition -- -- --
Debt Proceeds 445,000 450,000 5,000
Payment to Refunded Bond Escrow Agent -- -- --
Total Other Financing Sources/(Uses) (8,174,466) (4,989,740) 3,184,726
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses- Budgetary Basis (13,760,525) 6,785,726 20,546,251
Total Adjustments -- --
-----
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses-GAAP Basis (13,760,525) 6,75,726 20,546,251
Fund Balance, October 1, 1997 20,569,704 20,569,704 --
Fund Balance, September 30, 1998 $ 6,809,179 $ 27,355,430 _ 20,546,251
C-9
EXPENDABLE TRUST FUNDS TOTAL-MEMORANDUM ONLY
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
81,182,945 $ 82,047,796 $ 864,851
1,435,000 2,295,628 860,628
-- -- 40,869,236 32,920,623 (7,948,613)
42,000 45,554 3,554 8,773,912 8,748,599 (25,313)
894,335 552,166 (342,169) 1,147,835 2,373,937 1,226,102
17,000 50,135 33,135 3,115,410 7,513,546 4,398,136
-- -- - 4,324,124 3,318,146 (1,005,978)
953,335 647,855 (305,480) 140,848,462 139,218,275 (1,630,187)
-- -- -- 47,425,357 27,202,854 20,222,503
896,235 713,882 182,353 67,101,878 55,054,838 12,047,040
-- -- -- 5,481,091 2,299,807 3,181,284
-- -- -- 20,864,935 4,507,675 16,357,260
_- ®- -- 13,992,896 10,747,966 3,244,930.
11,398,866 6,237,775 5,161,091
-- - -- 9,226,094 4,074,896 5,151,198
299,075 -- 299,075 7,868,442 6,915,058 953,384
-- -- 6,835,927 5,924,981 910,946
1,195,310 713,882 481,428 190,195,486 122,965,850 67,229,636
(241,975) (66,027) 175,948 (49,347,024) 16,252,425 65,599,449
(46,725) -- 46,725 (7,007,570) -- 7,007,570
-- - -- 40,537,793 39,049,7 (1,488,029)
-- -- -- (41,263,832) (39,273,02 ) 1,990,804
-- -- -- -- 56,676 56,676
18,332,292 17,996,671 (335,621)
®- -- -- (17,243,111) (17,243,111) --
(46,725) -- 46,725 (6,644,428) 586,972 7,231,400
(288,700) (6 , 27) 22 ,673 (55,991,452) 16,839,397 72,830,849
-- 54,034 54,034 10,163,788 4,260,216 (5,903,572)
(288,700) (11, 93) 276,707 (45,827,664) 21,099,613 66,927,277
1,209,055 1,209,055 -- 116,285, 58 116,285, 58 --
920,355 $ 1,197,062 $ 276,707 $ 70,457,894 $ 137,385,171 $ 66,927,277
The notes to the financial statements are an integral part of these statements.
C-10
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENSES A CHANGES IN FUND EQUITY
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Internal Total
Enterprise Service Memorandum
Funds Funds Only
Operating Revenues:
Franchise Fees . $ 224,692 -- $ 224,692
Tolls 1,028,508 -- 1,028,508
Charges for Services 17,163,927 14,767,177 31,931,104
Fines and Forfeitures 1,140 -- 1,140
Miscellaneous 1,125,016 469,342 1;594,358
Total Operating Revenues 19,543,283 15,236,519 34,779,802
Operating Expenses:
Personal Services 3,298,851 1,416,358 4,715,209
Operations 1 ,794,381 3,35 ,408 18,148,789
Landfill Closure and Post Closure 742,711 -- 742,711
Depreciation and Amortization 1,342,281 347,583 1,689,864
Asserted and Paid Claims -- 8,789,381 8,789,381
Total Operating Expenses 20,178,224 13,907,730 3 ,085,954
Operating Income(Loss) (634,941) 1,328,789 693,848
Non-Operating Revenues(Expenses):
Operating Grants 1,304,616 1,304,616
Investment Income 1,287,94 281,370 1,569,314
Interest Expense and Fiscal Charges (626,134) -- (626,134)
Loss on Disposition of Assets (136,301) (2,63) (138,944)
Total Non-Operating Revenues(Expenses) 1,830,125 278,727 2,108,852
Income Before Operating Transfers 1,195,184 1,607,516 2,802,700
Operating Transfers:
Operating Transfers from Other Funds 2,133,951 97,060 2,231,011
Operating Transfers to Other Funds (2,007,747) -- (2,007,747)
Total Operating Transfers 126,204 97,060 223,264
Net Income 1,321,388 1,704,576 3,025,964
Fund Equity-October 1, 1997 32,825,140 3,25,677 36,090,817
Contributed Capital 2,255,04 367,175 2,622,259
Fund Equity-September 30, 1998 $ _ 36 40.1,612 $ _ 5 337�_4213_ $ _41 739_040_
— .
The notes to the financial statements are an integral part of these statements.
C-11
MONROE COUNTY, LOI A
COMBINED TAT E T OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR C SEPTEMBER 30, 1998
INCREASE IN CASH AND CASH EQUIVALENTS
Internal Total
Enterprise Service Memorandum
Funds Funds Only
Cash flows from operating activities:
Cash received for services $ 18,059,946 14,577,814 $ 32,637,760
Cash payments to suppliers for goods
and services (14,568,198) (12,060,340) (26,628,538)
Cash payments to employees for services (3,301,587) (1,390,575) (4,692,162)
Other operating revenue 1,126,156 469,342 1,595,498
Net cash provided by operating activities 1,316,317 1,596,241, 2,912,558
Cash flows from nonGapital financing activities:
Operating grants received 1,415,604 -- 1,415,604
Operating transfers from other funds 3,025,214, 97,060 3,122,274
Operating transfers to other funds (2,007,747) -- (2,007,747)
Net cash provided by noncapital
financing activities 2,433,071 97,060 2,530,131
Cash flows from capital and related financing
activities:
Proceeds from capital grants 1,886,248 - 1,886,248
Proceeds from sale of assets 38,358 -- 38,358
Acquisition and construction of capital assets (2,862,208) (364,268) (3,226,476)
Principal paid on capital debt (510,481) ®- (510,481)
Interest paid on capital debt (636,606) -® (636,606)
Net cash used by capital"and
related financing activities (2,084,689) (364,268) 52,448,957)
Cash flows from investing activities:
Proceeds from sale and maturities
of investment securities 710,676 -- 710,676-
Investment Income 1,297,153 281,370 1,578,523
Net cash provided by investing activities 2,007,829 281,370 2,289,199
Net increase in cash and cash
equivalents 3,672,528 1,610, 03 5,282,931
Cash and cash equivalents at beginning of year 20,564,962 5,831,443 26,396,405
Cash and cash equivalents at end of year $ 24,237,490 $ 7,4 1,846 $ . 31,679,336
C-12 (Continued)
MONROE COUNTY, FLORIDA
COMBINED TAT E T OF CASH FLOWS
L PROPRIETARY FUND TYPES-CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER , 198
RECONCILIATION F OPERATING INCOME(LOSS)T
ET CASH PROVIDED BY OPERATING ACTIVITIES
Internal Total
Enterprise Service Memorandum
Funds Funds Only
Operating income(loss) $ (634,941) $ 1,328,789 $ 693,848
Adjustments to reconcile operating income
(loss)to net cash provided by operating
activities:
Depreciation and amortization 1,342,281 347,583 1,689,864
Change in assets and liabilities:
Decrease/(Increase) in:
Accounts receivable (309,173) (15,170) (324,343)
Due from other funds (24,511) (84,218) (108,729)
Due from other governmental units (6,273) (89,975) (96,248)
(Decrease)/Increase in:
Accounts payable 1,074,427 (62, 22) 1,012,005
Bonds payable (5,000) - (5,000)
Premium payable (2,871) - (2,871)
Claims and judgements payable (8,592) 170,509 161,917
Due to other funds (123,249) 3,370 (119,879)
Due to other governmental units 81,505 (15,540) 65,965
Accrued compensated absences (11,039) 3,849 (7,190)
Accrued wages and benefits payable 8,303 21,934 30,237
Deposits in escrow (17,224) -- (17,224)
Landfill closure/post closure (47,326) -- (47,326)
Other current liabilities -- (12, 68) (12,468)
Total adjustments 1,951,258 267,452 2,218,710
Net cash provided by operating activities $ 1 316 317 _ 1,596,241 $ 2,912,558_
SUPPLEMENTAL CHEDUL O NON-CASH FINANCING
CAPITAL INVESTING ACTIVITIES
Contributed fixed assets $ 2,255,084 $ 367,175 $ 2,622,259
Loss on disposition of fixed assets $ 174,659 $ 2,643 $ 177,302
The notes to the financial statements are an integral part of these statements.
C-13
MONROE COUNTY FLOIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SETEMBR 3Q 1998
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 ( S ) . GASB
embodies the official pronouncements previously issued by the National Council
on Governmental Accounting (NCGA) . Proprietary funds apply Financial
Accounting Standards oar 's (FS ) pronouncements and Accounting Principles
Board ( ) 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.
forting EntityMonroe 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-1
ONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 199
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Blended Component Units - The Monroe County, Florida Comprehensive Plan
Land Authority (MC LA) and the Monroe County Industrial Development
Authority ( CIDA) are component units whose governing board is composed
entirely of the Monroe County Board of County Commissioners serving ex
oficio. 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 C 's administrative
office at 100 Truman Avenue, Ste. 27, Key West, Florida 33040.
The MCI A was created by Monroe County, Florida Resolution pursuant to
Florida Statutes 19. 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 101 -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 CF '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 C FA'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
set of separate self-balancing accounts comprised of its assets, liabilities,
C-15
OROE COUNTY FLORIDA
NOTES TO COMBINED I CAL STATEMENTS
SEPTEMBER 30., 199
NOTE 1 - 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 su funds 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 Aother 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-1
MONROE COUNTY. FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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 Group - 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
ONOE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTE E 0 1998
NOTE I 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 ter " 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-1
ONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER-30 16
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 County of County Commissioners 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 of County Commissioners a tentative budget for their
respective offices for the ensuing fiscal year.
C- 9
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1996
NOTE 1 - 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.
) Fifteen days after adoption of the tentative budget, a final budget is
submitted for review and adoption at a final public hearing.
) Prior to, or on September 30, theBoard's budget is legally enacted
through passage of a resolution. Accordingly all fund types have an
adopted budget as required by Florida Statute 12 . . All funds have
legally adopted budgets except as described in Note 15, Budgetary _ P
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 fun ) are approved by the
County. Supplemental appropriations were necessary and the budgetary
data presented herein was amended by the County 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 .
) Budgeted to Actual Expenditure reports are employed as a management
control device during the year for all fund types.
-20
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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
MOROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SETS DER 30, 19
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
uilings and Other Improvements 7-40
Machinery and Equipment 3- 0
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 Obl_ig tions - 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
n 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 FLORIA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1998
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 became 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
1998 is included in the accompanying financial statements, since such taxes
are collected to finance expenditures of the subsequent period.
Compensated 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
SEPTE E 30 198
NOTE - 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
e cash equivalents.
Total Columns on Combined Statements - Overview - Total columns on the
Combined Statements - Overview (General Purpose Financial Statements) are
captioned "MemorandumOnly" 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. Interfnd 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
3 , 19 :
Restricted
Cash and Cash and
Investments Investments Total
Board of County Commissioners
Amount Invested in County`s
Pooled Cash Program $ 140,505,556 $ 1,745,803 142,251,359
Demand Deposits 3,780,232 5,780,533 9,560,765
144,285,788 7,526,336 151,812,124
Other Constitutional Officers
And Dependent District
Amount Invested in County's
Pooled Cash Program 8,196,959 8,196,959
Demand Deposits 8,414,255 8,414,255
Investments 4,722,884 4,722,884
21,334,098 21,334,098
$ 165619,886 7,526,336 E 173,146,222
C-24
MONROE COUNTY FLORI'DA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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 County 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, ash 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 30 198
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, 1998, 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
11% of the S 'a portfolio at September 30, 1998. The SBA met the criteria to
be "2A-7Like" as defined in GASB 31 at September 30, 1998. Therefore, the
investment was valued at amortized cost and the fair value at September 30
198 was the account balance at that time.
DepositsDemand 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 m 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. Market
Amount Value
Repurchase Agreement 4,722,884 L ,722,84
COMPONENT UNIT
eposits - 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, 1998, deposits
for the component unit totaled $181,371.
C-26
ONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30,, 1998
NOTE 3 - MORTGAGES RECEIVABLE
Mortgages receivable at September 3 , 1998 consist of the following:
Affordable Housinq 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. 55,844
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. 235,022
Second Mortgages Receivable from individuals, collateralized by
personal residences. Principal payments shall be deferred for the
term of the first mortgage loan, or until the date the last payment
is due on the first mortgage. Interest is not charged on the
mortgages unless the mortgagor is in default, in which case the
interest rate is 12% per annum from the date when payment of the
second is due. In the event the home is sold, transferred, rented,
refinanced or the first mortgage loan is satisfied, the entire
mortgage balance is due. 1,002,616
C- 7
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1998
NOTE 3 - MORTGAGES RECEIVABLE (Continued)
Second Mortgages Receivable from individuals, collateralized by
personal residences. The entire balance of the mortgage will be
forgiven over a ten year period at the rate of ten percent per year
upon the anniversary of the mortgage, provided that the mortgagor
complies with the mortgagecovenants. The mortgages are interest
free. 142,047
Mortgages Receivable due from individual , collateralized by
personal residence, payable in annual installments of $1,500 over a
ten year period, interest free. 15,000
Note Receivable from local government, collateralized by project
revenues, payable August 2000, interest free. 20,000
Monroe Count Comprehensive Plan Land Authority MCLA
Mortgage due from not-for-profit organization, collateralized by
land, principal and interest at 9.5t, payable in May 13, 2000. 8,682
Mortgages due from not-for-profit agency, collateralized by land,
payable in full August 2007, interest free. 41,953
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
building, payable in full September, 2045 interest free, 59,025
Total Mortgages Receivable $ 2,583,840
Except for the local housing assistance mortgages, the mortgages receivable
are equally offset by a 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 1998
NOTE 4 - INTERFUND BALANCES
Individual fund interfund receivable and payable balances at September 30,
1998 are as follows:
Interfund Interfund
Fund Receivable Payable
General Fund $ 597,053 $ 661,307
Special Revenue Funds:
Fine and Forfeiture 92,603
Governmental Fund Type Grants 410,614 343,836
Translator 3,388
Planning, Building and Zoning 171,909
Boating Improvement 2,218 -
Sheriff's 2-Eyes Grant 85,691 85,691
Sheriff's Airport Services 186-,892
Sheriff's Forfeiture 102,709
Sheriff's Off-Duty - 1,103
Sheriff's HIDTA Grants 109,612 1,335,608
876,035 2,055,839
Capital Project Funds:,
One Cent Infrastructure Surtax 29,965 362,387
Clerk's Revenue Note 686
30,651 362,387
Enterprise Funds:
Municipal Service District - Waste 47,326 47,326
Card Sound Bridge 1 224 -
Marathon Airport 41,532
Key West Airport 223795 27,285
312,877 74,611
- Internal Service Funds:
Fleet Management 97,060 4,592
Expendable Trust-Funds-
Sheriff's Inmate Commissary 612 4,547
Trust and Agency Funds-
Sheriff General Agency 1,249,917 922
$ 3,164,205 $ 3,164,205
C-29
ONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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 1993/8 , 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, 1998 are as
follows
Cash and
Cash Eguiv.
Entererise FundMunicipal Service District Waste
Renewal and Replacement Fund 1,32,600
Sinking Funds 634,813
Landfill Closure Escrow 1,745803
3,683,216
Enterprise Fund- Marathon Airport
Passenger Facility Charge Funds 80,072
Enterprise Fund- Key West Airport
Passenger Facility Charge Funds 1,730, 14
Refunding Irovement evenue onds,
Series 193/ 3 Debt Service Fund
Sinking Fund 395, 16
Refunding Improvement Revenue Bonds,
Series 1993/88 Debt Service Fund
Sinking Fund 513.29 ;
Sales Tax Revenue and efuning Bonds,
Debt Service Fund
Sinking Fund 915,266
Clerk's Revenue Note
Contingency Fund 8,506
Interest Receivable 38
8.894
7,526,724
C-30
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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,
1998:
Enterprise Funds
Municipal Service District - Waste:
Reserved for Debt Service $ 376,918
Reserved for Renewal and Replacement ' 1,302,600
1,679,518
Debt Service Funds
Refunding Improvement Revenue Bonds, Series 1993/83
Reserved for Debt Service 395, 164
Refunding Improvement Revenue Bonds, Series 1993/88
Reserved for Debt Service 513,298
Sales Tax Revenue and Refunding Bonds, Series 1991 and 1998
Reserved for Debt Service 378,041
Clerk's Revenue Note,
Reserved for Debt Service 8,894
1.295,397
2,974,915
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 $ 7,526,724
Less:
Restricted assets for which retained
earnings are not required to be reserved 3,756,690
Liabilities payable from restricted assets 795,119
$ 2,974,915
C-31
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 6 RESERVES FOR RESTRICTED ASSETS AND DESIGNATIONS OF FUND BALANCE
(Continued)
A portion of the unreserved fund balance in Special Revenue Fund, Tourist
Development District ne, Three Cent has been designated for various beach
nourishment projects.
NOTE 7 - PROPERTY
PRIMARY
The following is a summary of changes in General Fixed Assets for the year
ended September 30 1998:
1997 Additions Deductions 1998
Land $ 20,675,098 $ 369,046 $ $ 21,044,144
Buildings 7 ,377,062 7,700,853 - 79,077,915
Equipment 39,134,221 2,984,008 2,90,875 39,137,354
Construction in Progress:
Truman Offices 5,122,580 35,973 5,18,553 -
Other Construction 2,142,155 2,005,355 2,810,470 1,337,040
$138, 51,116 $ 13,095,235 10,99,898 $140, 96,453
An additional $1,40 ,16 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, 18
Internal
Enterprise Service
Funds Funds
Land $ 6,132,875 $ 5 ,000
Buildings and Improvements 13,090,444 1,72 5 .
Equipment 16,141,054 ,88,206
Construction in Progress .481,675
C-32
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 7 - PROPERTY (Continued)
Total Property 139,846,048 3,625,060
Less Accumulated Depreciation 16,170,869 1,341,677
Net Property $ 23,675;179 $ 2,283,383
COMPONENT UNIT
The following is a summary of changes in property for the year ended September
30 1998:
1997 Additions Deductions 1998
Land $ 105,000 $ $ $ 105,000
Equipment - 5,972 5,972
Buildings and Improvements 1,073,132 1,073,132
$ 1,178,132 $ 5,972 $ - $ 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, 1998:
Debt Debt
1997 Issued Retired 1998
General Long-Term
Debt Group
,Revenue Bonds $ 33,605,000 $ 17,505,000 $ 20,715,000 $ 30,395,000
Loans Payable 450,000 - 450,000
Accrued Compensated
Absences 3,964,246 283,684 19,492 4,228,438
Capitalized Lease
Obligations 138,734 56,676 125,576 69,834
Subtotal 37,707;980 18,295,360 20,860,068 35,143,272
C 33
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 199
NOTE 8 - LONG-TERM DEBT (Continued)
Proprietary Funds
Revenue Bonds 8,155,000 355,000 7,800,000
Accrued Compensated
Absences 374,666 9,286 365,380
Capitalized Lease
Obligation 1,799,135 155,481 1,643,654
Subtotal 10,328,801 519,767 9,809,034
Total $ 48,036,781 18,295,360 21,379,835 $_44,952,306
Bonds payable at September 30, 1998 from Proprietary Funds are composed of the
following issues:
Enterprise Revenue Bonds - $9,570,000 191 Municipal Service
District Refunding Improvement Bonds due in annual
installments of $ 75,000 to $735,000 on October 1, 1998 to
October 1, 011; interest at 6. 15% to 6.75% 7,800,000
Bonds payable at September 30, 198 from Governmental Funds are composed of
the following issues:
Revenue Bonds $42,415,000 1991 Sales Tax Revenue Bonds,
Series 1991 due in annual installments of $3,450,000 to
$ ,65 ,00 on April 1, 1999 through April 1, 000; interest at
5.7% to 5.8% $ 7,100,000
Revenue Bonds - $1, 185,000 1993 Refunding Improvement Revenue
Bonds, Series 1993 due in a final installment of $200,000 on
July 1, ; interest at 4.75% 200,000
Revenue Bonds - $7, 0, 00 13 Refunding Revenue Bonds,
Series 1993 due in installments of $ 0 , 00 to $640,000 on
December 1, 1997 to December 1, 2008; interest at 4.3% to 5.0% 5,590,000
C-3
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1998
NOTE 8 - LONG-TERM DEBT (Continued)
Revenue Bonds $17,505,000 1998 Sales Tax Refunding Revenue
Bonds, Series 1998 due in installments of $180,000 to
$4,525,000 on April 1, 1999 to April 2004; interest at 3.75%
to 4 25% 17,505,000
30,395,000
The loan payable at September 30, 1998 from Governmental Funds is composed of
the following issue:
Loan Payable - $450,000 Florida Local Government Finance
Commission Loan due in semiannual installments of $50,000 to
$100,000 September 1999 to September 2001; interest due
monthly based on the blended market rate of commercial paper. $ 450,000
Advance Refundinq of Revenue Bonds On February 5, 1998, the County issued
$17,505,000 in Refunding Revenue Bonds with an average interest rate of 3.8%
to advance refund $16,870,000 of outstanding 1991 Series Bonds with an average
interest rate of 6.06%. The net proceeds of $17.6. million (after payment of
$236,000 in underwriting fees, insurance and other issuance costs) were used
to purchase U.S. Government securities. Those securities were deposited in an
irrevocable trust,with-an escrow agent to provide for all future debt service
payments on the portion of the 1991 Series bonds that were refunded. As a
result, certain of the 1991 Series bonds are considered to be defeased and the
liability- for those bonds has been removed from long-term liabilities
The County advance refunded the 1991 Series bonds to reduce its local" debt
service payments over the next six years by approximately $1.1 million and to
obtain an economic gain (difference between the present values of the debt
service payments on the old and new debt), of $1.0_million.
Debt Service Fundinq Requirements The total annual debt service funding
requirements for all bonds outstanding (net of sinking fund balances) at
September 30, 1998, consisting of interest payments of $8,800,371 and
principal payments of $37,870,000 are as follows:
C-35
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTE DER 30., 1998
NOTE 8 - LONG-TERM DEBT (Continued)
Revenue Bonds
Year Ended Proprietary Funds Governmental
September 30 Amount Interest Rate Amount Interest Rate
1999 $ 898,288 6.15% 6.75% $ 5,487,694 3.75% 5.80%
2000 893,380 6.30% 6.75% 5,268,309 3.75% - 5.80%
2001 896,605 6.40% 6.75% 5,375,021 3.75% 5.00%
2002 892,485 6.50% 6.75% 5,366,574 3.75% 5.00%
2003 891,285 6.60% - 6.75% 5,371,274 MR 5A 0%
2004-2008 4,422.975 6.75% 8,055,594 3.88% -, 5.00%
2009-2011 2,352,762 6.75%
Total $11,247,780 34;924,466
Year Ended Loans Payable
September 30 Amount Interest Rate Total
1999 $ 72,292 5 A R 6,458,274
2000 216,666 5.00% 6,378,355
2001 209,167 5.00% 6,480,793
2002 6,259,059
2003 6,262,559
2004-2008 12,478,569
2009.2011 2,352,762
Total 498,125 $46,670,371
The amount available in the Debt Service Funds to service the 1991, 1993/83,
1993/88 and 1998 revenue bonds and 1998 loan is 1, 9 ,397.
Restrictive Covenants and Collateral Reguirements The 1 93/ 3 Refunding
Improvement Revenue Bonds are payable from and collateralized by a lien on and
pledge of the racetrack funds received by Monroe County from the State of
Florida.
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.
C- 6
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 8 - LONG-TERM DEBT (Continued)
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, 1998. The Bonds and the interest payable thereon will not
constitute a general obligation of the District, Monroe County or the State o
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.
The 1991 Sales Tax Revenue Bonds and the 198 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 Iterlocl Cooperation
Act of 1969, Section 1 . 1 Florida Statutes, as amended through an iterlocal
C- 7
-MONROE COUNTY FLORIA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 8 - LONG-TERM DEBT (Continued)
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 I
The following is a summary of changes in long-term debt for the year ended
September 3 , 199 :
Debt Debt
1997 Issued Retired 1998
Mortgages Payable 1,178,132 $ 1,178,132
Mortgages payable at September 30, 1998 are composed of the following:
Mortgages due to Monroe County Land Authority,
collateralized by land and building, payable in
full September 2045, interest free. $ 59,025
Mortgages due to First Housing, collateralized
by land and building, payable in full March, 2001,
interest free. ,119, 107
$ 1,178,132
C-38
ONROE COUNTY FLORID
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 199
NOTE 9 - DEFEASANCE OF DEBT
The following schedule reflects the outstanding principal on refunded bonds,
by issue, as of September 30, 1998
$8,00 ,000 Municipal Service District Improvement Revenue
Bonds, Series 1980; defeased on December 6, 1985 using
proceeds from the $9, 11,774 Municipal Service District
Refunding ImprovementBonds', Series 195 $ 6,3 ,000
$9,211,774 Municipal Service District Refunding Improvement
Bonds, Series 1985; defeased on April 1, 191 using proceeds
from the Municipal Service District Refunding Improvement
Bonds, Series 1991 5, 75, 41
Total Municipal Service District Bonds $ 12260,841
$4,585,000 Card Sound Road and Bridge Improvement Revenue
Bonds, Series 13; defeased on March 8, 1994 using
available cash $ 3, 70,000
$2, 155,000 Refunding Improvement Revenue Bonds, Series 198 ;
defeased on January 1, 1993 using proceeds from the
Refunding Improvement Revenue Bonds, Series 1993/83 $ 1,570,000
$5,0 ,00 Improvement Revenue Bonds, Series 1 ; defeased on
May 1, 1993 using .proceeds from the Refunding Revenue
ands, Series 1993/88 5,000,000
$2,265,000 Improvement Revenue Bonds, Series 1 ; defeased on
May 1, 193 using proceeds from the Refunding Revenue
Bonds, Series 1993/88 13 ,000
$42,415,000 11 Sales Tax Revenue Bonds, Series 11;
partially defeased on February 5, 1998 using proceeds from
the Sales Tax Refunding Revenue Bonds, Series 198 1 , 70,000
Total General Revenue Bonds 2 , 70,000
C 39
OROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 199
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, 193:
General Long- Proprietary
Fiscal year ending September 0: Term Debt Funds
19 57,831 25 ,20
2000 12,353 259,200
001 2,308 259,200
002 1,94 259,200
2003 - 259,200
Thereafter 777,597
Total minimum payments 7 , 16 2,073,597
Amounts representing interest 4,532 29,93
Present value of net minimum lease 69,834 1,643,65
payments
Leased property which has been capitalized as of September 30, 1998 is as
follows:
General Fixed Assets - Public Safety $ 10,02
Proprietary Funds $ 2,335,830
Rental expense under cancelable operating leases for the current year amounted
o $856,119.
NOTE 11 AUTHORITY LEASES
The City of Key West leases two lots from the County which cost $1 ,036 and
which are used to provide access and parking for the Community Pool . The
terms of the lease provide for rental of $1 per year for 30 years, expiring in
the year 2022.
C-40
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
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, 1998:
1997 Additions 1998
Municipal Service District $ 3,312,886 $ - $ 3,312,886
Card Sound Bridge 2,514,741 - 2,514,741
Marathon Airport 4,230,019 3,608 4,233,627
Key West Airport 3,007,339 2,251,476 5,258,815
Workers' Compensation 621 621
Group Insurance Fund 2,527 - 2,527
Fleet Management 2,304,231 367,175 2.671,406
$15,372,364 $ 2,622,259 $17,994,623
NOTE 13 - EXPENDITURES IN EXCESS OF APPROPRIATIONS
The following cost centers had expenditures in excess of appropriations at
September 30, 1998:
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 $114,884.
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 $36,587 in public safety
cost center and $20,089 in the debt service cost center.
C-41
MONROE COUNTY FLORID
NOTES TO COMBINED FINANCIAL STATEMENTS
SETEMBER 30 1998
NOTE 14 ® 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 foes. The
key financial data for the year ended September 30, 1998 for the above
services are as follows:
Municipal Card
Service Sound Marathon Key West
District Bridge Airport Airport Total
Operating Revenues $ 14,773,400 $ 1,028,508 $ 1,422,682 $ 2, 118,693 $ 19,543,283
Operating Expenses 14,058,422 522,504 2,398,738 1,856,279 18,835,943
Depreciation and Amortization 953,472 668,139 155,271 65,399 1,342,281
Total Operating Expenses 15,011. 994 990,643 2,554,009 1,921,678 20,178,224
Operating Income (Loss) (238,494) 337,865 (1,131,327) 397,015 (634,941)
Operating Grants 491,163 - 712,252 101,201 1,304,616
Investment Income 852,145 274,999 37,970 122,830 1,287,944
Interest Expense and Other
Debt Service Costs (626,134) - (626,134)
Loss on Disposition of Assets (106,201) (30,100) - (136,301)
Operating Transfers In 890,788 - 694,281 548,882 2,133,951
Operating Transfers Out (1,190,788) (50,000} (766,959) (2,007,747)
Net Income (Loss) 72,479 562,864 283,076 402,969 1,321,388
Fund Equity, 1997 10,321,294 9,272,007 6,421,593 6,810,246 32,825,140
Contributed Capital 3,608 2,251,476 2.555,084
Fund Equity, 1998 $ 10,393,773 $ 9,834.871 $ 6, 008,277 $ 9,464,691 $ 36. 001,612
Assets $ 23. 779,094 $ 9, 001,486 $ 7,183,419 $ 10,447,272 $ 50,711,271
Long-Term Debt $ 9,024.691 $ 23,454 $ 21,561 $ 120,930 $ 9, 990,636
Acquisition and Construction
of Property $ 325,684 $ 13.965 $ 89,494 $ 2,454,450 $ 2,883,593
Net Working Capital $ 8, 881.690 $ 5,274,221 $ 1, 113:943 $ 2,553,296 $ 17, 223,150
Net Increase (Decrease)
in Cash Flows $ 1, 777,292 $ 779,897 $ 671,006 $ 344,333 $ 3, 772,528
C-42
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 15 - 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,
1998 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 IGAAP, 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, 1998 is presented
as follows:
Special Debt Capital Expendable
General Revenue Service - Pro.iects Trust
Excess of revenues and other sources
over (under) expenditures and other
uses - budgetary basis S 3,176,115 $ 6, 990,355 $ 553,228 E 6,785, 226 # (66, 227)
Adjustments:
To adjust revenues for accruals 2,771
To adjust expenditures for accruals 24,140
To adjust for mortgages receivable (233,377)
To adjust for mortgage loans made 615,931
To adjust expenditures for repayment
of tax anticipation note 59,000
To adjust expenditures for purchases
of land recorded as inventory 4,776,049
To adjust expenditures for cost of
land sold (992,210)
To adjust for mortgage repayments (40,750)
To record excess of revenues over
(under) expenditures for unbudgeted
funds:
Translator System 5,430
Sheriff, Child Safety (10,802)
Sheriff. Forfeiture
Sheriff, Inmate Welfare 54,034
Total Adjustments 26,911 4,179,271 54,034
Excess of revenues and other sources
over (under) expenditures and other
uses - GAAP basis S 3,203. 226 $10,669i626 S 453.228 $ 6, 885,726 S (11,993)
C-43
MOROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 199
NOTE 16 - I TERFUND TRANSFERS
Operating Transfers during the year ended September 30, 1998 consisted of the
following:
Operating Operating
Fund Transfers In Transfers Out
General Fund 31,711,7 $ 2,632,026
Special Revenue Funds:
Affordable Housing Programs 51,832
Fine and Forfeiture 29,317,136
Road and Bridge - 100,000
Law Library 23,158
Governmental Fund Type Grants 1,721,828 13,820
Fire and Ambulance District #1 and
Middle Keys 2,524
Planning, Building and Zoning 600,741
Local Housing Assistance - 338,250
1.744,986 30,424,303
Debt Service Funds:
Sales Tax and Refunding Bonds 4,800,000
Clerk's Revenue Note 16, 3
1 .03 -
Capital Projects Funds:
One Cent Infrastructure Surtax 666,959 6,213,664
Clerk's Revenue Note 110,000 3,035
776,959 6,216,699
C-44
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 16 - INTERFUND TRANSFERS (Continued)
Enterprise Fund
Municipal Service District Waste 870,788 1,190,788
Card Sound Bridge - 50,000
Marathon Airport 694,281 -
Key West Airport 548,882 766,959
2,133,951 2,007,747
Internal Service Fund:
Fleet Management Fund 97,060 -
$ _ 41.280.775 $ 41,280,775
NOTE 17 - 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.
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
C-45
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SETEMBER 30 1998
NOTE 17 RISK MANAGEMENT (Continued)
claims liabilities reported at September 30, 1998 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 1997 and 1998 were:
Worker's Group Risk
Compensation Insurance Management Total
Balance at September 30, 1996 $ 712,000 $ 1,918,965 $ 1,108,211 $ 3,739,176
Current year claims and changes
in estimates 1,424,265 7,130,628 380,236 8,935,129
Chaim payments (1,158,066) (6,910,405) (222,839) (8,291,310)
Balance at September 30, 1997 978,199 2,139,188 1,265,608 4382,995
Current year claims and changes
in estimate 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
NOTE 18 - RETIREMENT PLAN
Substantially all full-time County employees are participants in the Florida
Retirement System, "TheSystem", 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 60, 00 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
or after age 62 with 10 or more years of service. Early retirement is
available after 10 years of service with a % reduction in benefits for each
year prior to the normal retirement age. Retirement benefits are based on
- 6
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30,_ 198
NOTE 1 RETIREMENT PLAN (Continued)
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 e obtained by writing to Florida Division of Retirement, 2639 Monroe
Street, Building C, Tallahassee, FL 32399-150.
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, , 16.4 %, special risk employees,
25.3 %, and elected officials, 27.93%. The County's contributions made
during the years ended September 30, 1998, 1997, and 16 were 8,987,000,
$8,462,000 and $8,112,000, respectively, equal to the actuarially determined
contribution requirements for each year.
NOTE 1 - 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 181 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,
1998, expenditures of $91,704 were recognized for post retirement health care.
NOTE 2 - DEFERRED COMPENSATION PLAN
The County offers its employees a deferred compensation plan created in
accordance with Internal Revenue Code Section 47. The plan, available to all
C- 7
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMDER 30 199
NOTE 20 . DEFERRED COESTIO P (Continued)
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.
Effective January 1, 1997, Federal legislation converted the Section 457
deferred compensation assets from County assets to employee assets. As a
result of these changes, plan assets are no longer subject to the claims of
the County's general creditors.
The County has previously reported the assets and associated liabilities of
the deferred compensation plan in the County's financial statements as an
agency fund. Effective with the change in legislation these assets are no
longer County assets and fiduciary responsibility has been transferred to the
third party plan administrator. Consequently, these assets are no longer
reported in the accompanying financial statements, in compliance with
Governmental Accounting Standards Board Statement No. 3 .
NOTE 21 - IMPACT OF YEAR 200
The Year 2000 issue is the result of shortcomings in many electronic
processing systems and other electronic equipment that may adversely affect
the County's operations as early as fiscal year 1999.
The County is in the process of taking a thorough inventory of computer
systems and other electronic equipment that may be affected by the year 2000
issue and that are necessary to conducting County operations. It is unknown
as of September 30, 1998, what effects, if any, failing to remediate such
systems will have upon the County operations and financial reporting. Because
of the unprecedented nature of the Year 2000 issues, its effectsand the
success of related rmeiation efforts will not be fully determinable until
the year 2000 and thereafter. No assurance can be made that the County is or
will be Year 2000 ready, that the County's remeition efforts will be
successful in whole or in part, or th.at parties with whom the County does
business will be 2000 compliant.
C-43
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 22 - SUBSEQUENT EVENTS
Incorporation of Islamorada - Effective December 31, 1997, the portion of
Monroe County located in the Upper Keys between Mile Marker 72.5 and 90.8 was
incorporated as "Islamorada, Village of Islands" (Islamorada) . Beginning in
fiscal year 1999, the incorporation- of Islamorada 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 Islamorada and the County. The full
extent of the revenue redistribution is not known at April 2, 1999. - The
incorporation will also affect the delivery of government services and the
ownership' of infrastructure within the incorporated area. The County and
Islamorada have approved and executed interlocal _ agreements which will
transfer certain infrastructure and provide for a transition of certain
government services from the County to Islamorada. However, all negotiations
between the County and Islamorada. concerning infrastructure, the delivery of
government services, revenue distribution and other financial issues have not
been completed.
Hurricane Georges On September 25, 1998, the lower Florida Keys was struck
by Hurricane Georges., The County suffered approximately $28.6 million in
damages most of which was debris removal . Grants were received from the
Florida Department of Community Affairs and the Federal Emergency Management
System which will reimburse 87.5% of eligible costs. The County expects to
recover $1.0 million relative to -costs incurred during the 1998 fiscal year
and $24.7 million for fiscal year 1999 costs.
In' February 1999, the Board authorized the advertisement for commercial loan
financing for the County's local match in the amount of approximately $3.6
million.
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
C-49
ONOE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1990
NOTE 23 - RECOGNITION OF CLOSURE AND POST CLOSURE COST (Continued)
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
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 3 , 1998 with cash and
investments of $1,745,803held 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 2 ® 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 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 April 2, 1999 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.
C-50
MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1998
NOTE 25 - COMMITMENTS AND CONTINGENCIES (Continued)
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
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
$6,000,000 of Industrial Development Revenue Bonds for the Key West Brewery,
Inc.
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 greeter 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 IN FUND BALANCE - BUDGET AND ACTUAL
GENERALFUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 16,370,281 $ 16,234,451 $ (135,830)
Licenses and Permits 225,000 387,332 162,332
Intergovernmental 8,630,100 10,549,120 1,919,020
Charges for Services 3,186,884 3,805,465 618,581
Fines and Forfeitures 228:500 178,482 (50,018)
Investment Income 655,000 1,411,409 756,409
Miscellaneous 213,788 682,374 468,586
Total Revenues 29,509,553 33,248,633 3,739,080
Expenditures:
Current:
General Government:
Board of County.Commissioners 1,216,032 1,079,461 136,571
County Administrator 373,173 330,081 43,092
Public Works Management 147,776 145,566 2,210
Public Safety.Management 171,358 166,003 5,355
Community Services Management 77,449 77,308 141
County Attorney 838,895 664,684 174,211
Office of Management& Budget 487,899 417,024 70,875
Information Systems 1,224,546 1,189,224 35,322
Personnel 386,356 379,693 6,663
Personnel 1,468 1,178 290
Public Works Facilities Maintenance 4,282,600 4,039887 242,713
ADA Compliance 92,070 27,916 64,154
Value Adjustment Board 15,000 10,376 4,624
Community Services-Marine Projects 63,041 62,435 606
Promotional Advertising 5,000 4,983 17
Tax Increment Payment 20,889 20,889 --
Quasi External Services 22,000 19,813 2,187
Clerk to BOCC-Financial Package 91,068 91,065 3
Clerk to Board of County Commissioners 793,050 777,384 15,666
Public Records Trust- Finance 32,500 -- 32,500
Public Records Trust- Civil 47,000 -- 47,000
Internal Audit 133,708 127,492 6,216
TDC Audit Function 146,178 108,089 38,089
Insurances-Clrk BOCC, Internal &TDC Audi 142,379 133,232 9,147
Tax Collector 2,742,471 2,622,903 119,568
Property Appraiser 2,734,704 2,619,029 115,675
Sheriff 827,920 882,338 (54,418)
Supervisor of Elections 833,190 826,210 6,980
Insurances-Supervisor of Elections 10,486 10,486 -
D-1 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES 1 T AND ACTUAL
GENERAL FUND - CONTINUED
FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget ctual (Unfavorable)
Total General Government 17,960,206 16,834,749 1,125, 57
Public Safety:
Hurricane 12,000 940 11,060
Communications 516,845 477,264 39,561
Inter-Agency Communications 414,973 17,203 397,770
Emergency Medical Services Administration 148,662 1 , 79 9,583
Emergency, anagement 208,260 147,736 60,544
Marathon EOC 8,707 61,563 7,144
Radiological Emergency Preparedness 112,985 112,985 Emergency Medical Air Transportation 20,000 -- 20,000
Medical Examiner 309,669 291,652 18,017
d Cross Lower Keys 25,000 -- 25,000
Sheriff 29,227,765 29,015,499 212,266
Total Public Safety 31,064,886 30,263,921 800,965
PhysicalEnvironment:
Extension Service 170,859 166,262 4,597
4-H Donations- 660 550 110
Total'Physical Environment 171,519 166,812 4,707
Transportation:
County Engineer 85,806 25,7896 ,017
Economic Environment:
Literacy Volunteers of America 5,00 5,000 --
Veteran's Affairs 398,018 395,372 2, 6
Total Economic Environment 403,018 400,372 2,646
Human Services:
Health Care esitAct 70,000 23,1186,632
Hospice of the Florida Keys 50, 00 50,000 --
Public Works Animal Shelter 742,634 607,928 134,706
ayshore Manor 414,079 397,114 16,965
Middle Keys Guidance Clinic 51,266 501,199 67
Upper Keys Guidance Clinic 95,181 95,181 --
are Center for Mental Health 214,629 206,790 7,339
The Heron 25,000 25,000 --
Monroe County Assoc for Retarded Citizens 30,695 30,69 -_
C-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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Older Americans Volunteer Program 4,000 1,147 2,853
Legal Aid 17,500 13,830 3,670
Welfare Administration 646595 604,424 42,171
Welfare Services 799,500 541,238 258,262
Big Brothers\Big Sisters 21,010 21,010 --
Florida Keys Children Shelter 26,695 26,695 --
Wesley House 25,000 25,000 --
Help Line 21,000 20,998 2
Domestic Abuse Shelter 23,000 23,000 --
Florida Keys Outreach Coalition 8,000 8,000 --
Salvation Army ' 25,000 -- 25,000
Rekoend & Bequest 54,640 29,058 25,582
Bayshore Donations 860 -- 860
Total Human Services 3,816,284 3,251,425 564,859
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 30,000 --
Boys and Girls Club-Upper Keys 23,600 17,554 6,046
Higgs Beach Maintenance 135,620 121,557 14,063
Monroe County Museums 17,270 5,766 11,504
Lower Keys AARP 1,500 113 1,387
Middle Keys AARP 1,524 1,524 --
Upper Keys AARP 1,500 28 1,472
Big Pine Key AARP 1,500 1,456 44
Fine Arts Council 78,000 72,958 5,042
Historic Keys Foundation 30,000 30,000 --
Library Admin Support 442,056 431,272 10,784
Library Key West 568,667 554,905 13,762
Library Key West Donations 82,969 77,277 5,692
Library Marathon 246,243 243,924 2,319
Library Marathon Donations 12,021 5,869 6,152
Library Islamorada . 230,966 226,259 4,707
Library Islamorada Donations 5,253 4,749 504
Library Key Largo 332,423 298,859 33,564
Library Key Largo Donations 15,109 9,461 5,648
Library Big Pine Key 182,182 182,014 168
Library Big Pine Key Donations 17,942 6,189 11,753
Total Cultural and Recreation 2,492,345 2,357,734 134,611
D-3 (Continued)
COUNTY,MONROE FLORIDA
SCHEDULE , EXPENDITURES
CHANGES IN T AND ACTUAL
GENERAL FUND - CONTINUED
FOR THE FISCALY T30, 1998
Variance
Favorable
Budgetcl (Unfavorable)
Court Related: -- - -
Clerk of the Court-Records Management 233,198 21,95 1,263
Clerk of the Court-Recording 252,361 243,048 9,313
Clerk of the Court-Administrative 223,932 222,802 1,130
Clerk of the Court-Jury Management 49,389 48,610 779
Clerk of the Circuit Court-Criminal 470,319 469,432 667,
Clerk of the Circuit Court-Civil 248,034 242,420 5,61
Clerk of the Circuit Court-Family 87,282 82,758 ,5
Clerk of the Circuit Court-Juvenile 64,320 6 ;6 461
Clerk of the Circuit Court-Probate 42,261 40,402 1,859
Clerk of the Court-information Systems 521,356 504,167 17,169
Clerk of the County Court-Criminal 355,861 355,860_ 1
Clerk of the County Court-Civil 148,756 144,592 4,164
Clerk of the County Court-Traffic 431,195 430,180 1,015
Insurances®Jury Management 2 ,26 20,855 2, 1
Insurancesministration 40,958 40,087 671
Insurances-Circuit Criminal 63,071 83,024 47
Insurances-Information Systems 22,882 21,836 1,04
Insurances-Circuit Civil 41,846 41,846 --
Insurances-Circuit Family 10,006 5,311 4,695
Insurances-Circuit Juvenile 11,985 11,984 1
Insurances-Circuit Probate 6,163 6,156 7
Insurances-Records ana a t/ ecordin 73,895 73,227 668
Insurances-County Criminal 70,368 68,557 1,811
Insurances-County Civil 25,911 25,801 110
Insurances-County Traffic 86,585 86,584 1
State Attorney 137,385 128,302 9,083
Public of n er 187,674 174,636 13,038
Court Administration 76,624 9,74 6,890
Court d in-Ju icial Support 276,56665,66 10,906
Court Admin-Staff Attorney7,264 6,347 917
Court Admin-Jury Management7,800 6,784 1,016
Court in r trial Services 16, 90 16,290
Court in- ircuit Court Reporter Services 335,689 303,568 32,121
Court in- itn ss Coordination 34,11 33,672 449
Court Admin-Circuit Drug Court 139,594 139,266 326
Court d i - retri I Release 437,43442 ,3 3' 14,111
Court d in- ther Circuit Court Criminal Cost 18,796 17,064 1,72
Court Ad in- ro Se Services 87,067 83,240 3,827
Court A in-Custody isit Evaluation 15,000 14,891 10
Court in-Guardian Ad Litern12 , 9 129,25 12
Court Admin-Other Circuit Court Juvenile 112,030 112,030
Court in-Clinical valuations 15,000 11,162 3,838
- (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES I - BUDGET AND ACTUAL
GENERAL UCONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Court Adin- asters Hearing Officers 17,500 14,318 3,182
Court Admin-Attorneys Fees 13,000 10,038 2,962
Court Admin-Other Circuit Court Probate Costs 66,383 65,054 1,329
Court Admin-Information Systems 112,125 10 , 83 3, 2
Court Admin-County Court Interpreters 35,051 31,341 3,710
Court Admin-Other County Court Criminal Costs 7,68 6,649 1,039
Total Court Related 5, 10,609 5,736, 0 174,019
Debt Service:
Principal Retirement -- 107,286 (17,26)
Interest and Fiscal Charges -- 7, (7, 98)
Total Debt Service -- 11 ,88 (114, 84)
Total Expenditures 61,904,673 59,15 ,276 2,752,397
Excess of Revenues Over/
(Under) Expenditures (3 , 9 ,120) ( ,903,63) 6,491,477
Other Financing Sources/(Uses):
Reserve for Contingencies (1,31 ,80) -- 1,319,820
Operating Transfers from Other Funds 32,276,892 31,711,784 (565,108)
Operating Transfers to Other Funds (2,96,7 ) ( ,632, ) 354,768
Total Other FinancingSources(Uses) 27, 70, 78 29,079,758 (1,109, 0)
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other
Uses- Budgetary Basis ( , , 2) 3,176,115 7,600,957
Total Adjustments 26,911 26,911
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other
Uses- GAAP Basis (4,424,842) 3,203,026 7,627,868
Fund Balance, October 1, 17 18,260,476 18,260,476 --
Fund glance, September 30, 1 13, 35, 34 21,463,502 7,627,86
D-5
SPECIAL REVENUE FUNDS
AFFORDABLEI
To account for revenues and expenditures of various low income housing
programs.
FINE AND FORFEITURE
To account for revenues received from fines and forfeitures i posed 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.
BRIDGEROAD AND
o 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 theCounty's law library.
TOURISTL 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.
IMPACT FEES
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
FIRE AND AMBULANCE DISTRICTS
To account for revenues and expenditures in districts for fire and ambulance
services.
SERVICETRANSLATOR SYSTEM I I T
To account for all revenues and expenditures for the County's television
translator system. This fund does not have'a legally adopted budget.
UPPER KEYS HEALTH CARE SPECIALTAXING I 1
o account for all transportation and hospitalization costs of Monroe County
trauma patients in Dade County.
SERVICEUNINCORPORATED AREA I I T
To account for all revenues and expenditures for planning, building n zoning
and parks and recreation services provided only to the unincorporated areas of the
County.
(Continued)
SPECIAL REVENUE FUNDS-CONTINUED
ENHANCEMENT911 FEES
o account for fees levied on each telephone access line in Monroe County for
the enhancement of the 911 emergency telephone system.
DUCK Y SECURITY DISTRICT
To account for the.rvnus 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 HousingInitiatives Partnership Program.
NON-ADL
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
Cujoe Gardens.
BOATINGIMPROVEMENTS
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.
COMPREHENSIVE PLAN LAND IT
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
o account for all revenues and expenditures for the safety seat program of
the Sheriffs Department. This fund does not have a legally adopted budget.
SHERIFF'S F
To account for the heri 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 1
To account for all revenues and expenditures for the SheriffDepartment's
HIDTA programs.
SHERIFF'S
To account for the revenues and expenditures of other Sheriffs services as
follows:
• Alcohol Beverage and Tobacco
• 2 Eyes Grant
Federal Asset Sharing Program
• Airport Services
Off-Duty
MONROE COUNTY, FLORIDA
COMBINING L
ALL SPECIAL REVENUE FUNDS
SEPTEMBER 30, 1998
Affordable Fine Road
Housing nd and Law
Programs---- Forfeiture --Bridge -Library
ASSETS -
Assets:
Gash and Cash Equivalents $ 121,296 $ 12,036,047 14,158,427 21,480
AccountsReceivable:
Other -- 843 5,317 --
Allowance for Other Uncollectible --
Mortgages/Notes Receivable 676,941 --
Allowance for Mortgage Receivable (387,274)
Inventory of Land for Resale -® -_ --
be from Other Funds -- 92,603 --
Due from ther Governmental Units -- 2,003,212 458,399 2,580
InterestReceivable -- -- --
Total Assets $ 410,563 $ 14,132,705 $ 14,622,143 $ 24,060
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ -® $ 145,427 296,435 $ 250
etaina e Payable -- -- 22,410 --
e to Other Funds ®_ __ --
Due to Other Governmental Units -- 15,406 9,933 --
Accrued Comp. Absences Payable -- 744 25,148 1,795
Accrued Wages and Benefits Payable" -- 18,287 113,616 1,193
Deposits in Escrow -- - --
Deferred Revenues 289,667 -- - --
ther Current Liabilities -- 145 - --
Total Liabilities 289,667 180,009 467,542 3,238
Fund Equity:
FundBalances:
Reserved for Encumbrances -- -_ 193 --
Reserved for Land cuisition -- -- -- --
Reserved for Inventory --
Reserved for Mortgage Loans -- -- --Unreserved, Designated for Beaches -- -- _- --
Unreserved, Undesignated 121,296 13,952,66 14,154, 08 20,822
Total Fund Equity 121,296 13,952,696 14,154,601 20,822
Total Liabilities and Fund Equity $ 410,963 $ 14,132,705 _14, 22,143 24,060
-1 (Continued)
MONROE COUNTY, FLORIDA
COMBINING BALANCET
ALL SPECIAL REVENUE,FUNDS - CONTINUED
SEPTEMBER 30, 1998
Tourist Tourist Dev. Tourist Tourist
Development, Admin. & Development, Development,
N Districts, Promotional, District n , District o,
Two Cent Two Cent Tree Cent Three Cent
ASSETS
Assets:
Cash and Cash Equivalents 2,778,927 $ 3,396,067 2,512,123 263,948
AccountsReceivable:
Other -- 6,433 861 78
Allowance for Other Uncollectible
Mortgages/Notes Receivable - -- -- --
Allowance for Mortgage Receivable _-
Inventory of Land for Resale -- - -- --
Due from t r Funds -- -- -- --
Due from Other Governmental Units 167,572 347,241 127, 55 14,988
Interest Receivable -- -- --
Total Assets 2,946,499 3,749,741 2,6 0,439 $ 279,014
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable 25,399 $ 168,638 99,199 7,425
etaina a Payable -- -- --
Due to Other Funds
Due to Other Governmental Units 951 1,965 --
Accrued Comp. Absences Payable 15 1,164 193 7
_Accrued Wages and Benefits Payable 334 2,665 852 637
Deposits in Escrow -- ®- -- --
Deferred ev nu
Other Current Liabilities -- -- - --
Total Liabilities 266,829 174, 32 100,244 8,069
Fund Equity:
FundBalances:
Reserved for Encumbrances -- -- --Reserved for Land Acquisition -- -- - _-
Reserved for Inventory
Reserved for Mortgage Loans
Unreserved, Designated for Beaches -- -- 51 , 2 --
Unreserved, Undesign t d 2,679,670 3,575,309 2,030,143 270,945
Total Fund Equity 2,679,670 3,575,309 2,540,195 270,945
Total Liabilities and Fund Equity 29 6,499 $ 3,749 741 _ 2,640,439 279,014
E-2
Tourist Tourist Tourist
Development, Development, Development, Governmental Impact Fees,
Dist. 'Three, Dist. ur, District ffive, Fund Tye Impact Fees, Parks an
Three Cent Three Cent Three Cent Grants RoadwaysRecreation
$ 423,289 579,039 $ 698,228 9,949,554 $ 7,048,625 693,766
188 188 251 30 -- --
-- -- -- 410, 14 -- --
39,616 36,147 39,200 2,07 ,118 1,583 --
$ 463,093 615,374 $ 737,679 $ 12,436,316 $ 7,050,208 $ 693,766
$ 23, 96 51,186 $ 20,338 $ 490,798 $ 23,961 $ 4,867
-- -- -- -- -- 3,000
343,836
-- -- -- 719,320 -- --
18 16 23 1 ,078 -- --
38 40 53 35, 8 -- --
-_ -- -- 7,457, 56 --
23,652 51,242 20,414 9,346,970 23,961 7,867
-- -- -- 9 ,
229
39, 1 564;132 717,265 2, 9 ,117 7,026,27 685,899
439, 41 564,132 717,265 3,089,36 7,026,27 685,899
$ 463,093 $ 615,374 737,679 $ 12,436, 16 7,050,208 $ 693,766
-3 (Continued)
COUNTY,MONROE FLORIDA
COMBINING BALANCE SHEET
SPECIALALL CONTINUED
SEPTEMBER 30, 1998
Impact s, Impact ees,
act Fees, Impact e , Police Fire and
Libraries Soli atFacilities
ASSETS
Assets:
Cash andCash Equivalents $ 404,068 198,615 $ 800,955 $ 177,820
AccountsReceivable:
Other -- -- --
Allowance for Other Uncollectil -- -- --Mortgages/Notes eceivable -- -- -- --
Allowance for Mortgage Receivable -- -- -- --
Inventory of Land for Resale -- -- -- --
Due from Other Funds
Due from Other Governmental Units 1,210 320 75 525
Interest Receivable , -- -- -- --
Total Assets 405,278 $ 198,935 801,030 178,345
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable 147,227 $ -- -- --
etaina a Payable -- -- 2,625 --
.Due to Other Funds -- -- -- --
Due to Other Governmental Units -- -- 6,178Accrued-Comp. Absences Payable -- -- -- --
Accrued Wages and BenefitsPayable -- -- 16
Deposits in Escrow
Deferred Revenues -- -- --
Other Current Liabilities -- --
Total Liabilities 17,227 8,819 --
FundEquity:
Fund Balances:
Reservedfor Encumbrances -- -- -- --
Reserved for Land Acquisition . -- -- -- --
Reserved for Inventory -- -- -- --
Reserved for Mortgage Loans -- -- --Unreserved, si me for Beaches -- -- -- --
Unreserved, Undesignated 258,051 19 ,935 792,211 178,345
Total Fund Equity 258,051 198,935 792,211 178,345
Total Liabilities and Fund Equity 405,278 $ 198,935 801,00 178,345
-
Fire . Translator Upper Keys- nine r . Unincorp.
District 1, System Healthre Fire &Amb. Area Service Areais
Lower and e is Special DistrictDistrict, Dist., Planning,
Middle yDistrict Taxing ist Largo Parks & Rec. Bldg. &Zonin
2,366,178 $ 37,050 $ 3,824,963 545,012 801,767 4,865,341
2,157,22 2,090 -- 27 720 105
(1,949,375) -- -- -- --
-- 3,388 -_ - -- 171,909
66,335 6,343 18,456 97,164
2,640,380 42,528 $ 3,824,963 $ 551,382 $ 820,943 $ 5,134,519
$ 124,970 -- $ 32,271 $ 31,731 $ 30,820 71,167
3,331 -- 210 4,089 6,327 6,031
28,790 -- -- 1,119 1,882 21,299
163, 01 -- 1, 71 1,613 22,818 163,292
-- ®_ ®- -- 1, 60 --
-- -- -- -- 6,000 --
320, 92 -- 33,952 38,552 69,307 261,789
180,942 -- 100,217 82,678 -- 2,171
2,138,846 42,528 3,690,794 430,152 751,636 4,870,559
2,319,788 42,528 3,791,011 512,830 751, 36 4,872,730
2, 4 ,380 42,528 3, 24,93 $ 51,382 820, 43 -- 5,134,519
- (Continued)
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS-- CONTINUED
SEPTEMBER 30, 1998
Cudjoe
911 Duck Key Local Gardens
Enhancement Security Housing Municip. Svc.
Fees District Assistance Culy: Dist.
ASSETS
Assets:
Cash and Cash Equivalents $ 695,544 $ 87,503 $ 436,065 $ 200,524
Accounts Receivable:
Other 27,644` -- -- --
Allowance for Other Uncollectible -- -- -- -
Mortgages/Notes Receivable -- -- 1,414,685 --
Allowance for Mortgage,Receivable -- -- -- --
Inventory of Land for Resale -- -- -- --
Due from Other Funds -- -- -- --
Due from Other Governmental Units -- -- 70,635 --
Interest Receivable -- -- 32,169 --
Total Assets $ 723,188 $ 87,503 $ 1,953,554 $ 200,524
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 15,068 $ 5,102 $ 7,577 $ --
Retainage Payable -- -- -- -
Due to Other Funds -- -- --
Due to Other Governmental Units -- -- 2,062 --
Accrued Comp. Absences Payable 1,044 -- -- --
Accrued Wages and Benefits Payable 1,564 -- -- 47
Deposits in Escrow -- -- - --
Deferred Revenues -- -- 1,414,685 --
Other Current Liabilities -- -- -- --
Total Liabilities 18,576 5,102 1,424,324 47
Fund Equity:
Fund Balances:
Reserved for Encumbrances 59,737 -- -- -
Reserved for Land Acquisition -- -- -- --
Reserved for Inventory -- - -- --
Reserved for Mortgage Loans -- -- --
Unreserved, Designated for Beaches -- -- -- -
Unreserved, Undesignated 644,875 82,401 529,230 200,477
Total Fund Equity 704,612 82,401 529,230 200,477
Total Liabilities and Fund Equity $ 723,188 $ _ _ 87,503 $ 1,953,554 $ 200,524
E-6
Jolly Roger Winston ComprehensiveSheriffs
Estates a Ian Sheriff s Alcohol
unici . Svc. Municip. Svc. Boating Land Childever
ulv. Dist. Taxing Dist. Improvement tit ri acco
$ 75,390 $ 36,573 $ 449,496 $ 8,134,574
-- -- -- 4,510
-- --
-- _- - 92,214 ®- --
-- -- -- 11,47, 64 -- --
-- 2,218 -- -- --
_- 263,535
$ 75,390 $ 36,573 51,714 $ 20,352,097 -- --
$ 3, 43 $ --
-- -- 2,158
-- -- 1,338 -- -- --
173 - 1,944 12, 3 -- --
173 -- 29,363 12,903 -- --
®- -- -- 1,6 8,213 -- --
®_ 11,47, 6 -- --
-- -_ -- 492,214 -®
75,217 36,573 422,331 6,781,503
75,217 36,573 422,331 20,339,194 ®- -_
7 , 90 36,573 451,714 20,352,097 -- _®
-7 (Continued)
COUNTY,MONROE FLORIDA
COMBINING BALANCET
L SPECIAL REVENUE FUNDS - CONTINUED
SEPTEMBER 30, 1998
Sheriff's
Sheriffs Federal Sheriff
2-Eyes Asset Sharing AirportSheriff s
Grant Program ServicesForfeiture
ASSETS
Assets:
Cash and Cash Equivalents $ -- $ 127,816 $ -- $ 408,264
Accounts Receivable:
Other -- -- -- --
Allowance for Other Uncollectible -- - --Mortgages/Notes eceivable -- -- --Allowance for Mortgage Receivable -- -- -- --
Inventory of Land for Resale -- -- -- --
Due from Other Funds 8 ,691 - -- --
Due from Other Governmental Units -- -- 18 ,82 --
Interest Receivable -- -- -_ __
Total Assets 85,691 127,816 186,892 $ 408,264
LIABILITIES AND FUNDEQUITY
Liabilities:
Accounts Payable -- -- $ 43,335
R Retain age Payable -- -- --
Due to Other Funs 85,691 -- 186,892 102,709
Due to Other Governmental Units -- -- -- 262,220
Accrued Comp. Absences Payable -- -- -- --
Accrued Wages and Benefits Payable -- -- -- --
Deposits in Escrow -- -- -- --
Deferred venues
Other Current Liabilities -- -- -- --
Total Liabilities 85,691 -- 186,892 408,264
Fund Equity:
Fund Balances:
Reserved for Encumbrances -- -- -- --
Reserved for Land Acquisition -- -- -- --
Reserved for Inventory -- -- - --
Reserved for Mortgage Loans -- ®- -- --
Unreserved, Designated for Beaches -- --
Unreserved, Un esign t d -- 127,816
-- --
Total Fund Equity -- 127,816 -- --
Total Liabilities and Fund Equity $ 85,691 $ 127, 16 16, 92 408,264
-8-
Sheriff s
Sheriff s HIDTA
Off-Dutyrant Total
$ -- 1,8 ,89 $ 81, 1 ,173
1,103 -- 2, 7,630
(1,949,375)
-- -- 2,5 3,840
-- -® ( 87,274)
-- -- 11,47, 64
-- 109,612 876,035
-- 4,728 6,030,329
®® -- 32,169
1,103 $ 1,978,179 $ 102,068,791
$ -- 363,410 2,49 ,00
-- -- 28,035
1,103 1,335,608 2,055,839
-- 88,293 1,18, 74
-- -- 94,803
-- 190,868 1,023,507
-- -- 1,460
-_ -- ,167,708
-- - 145
1,103 1,978,179 15,995,011
-- -- 520,167
-- -- 1,608,213
-- -- 11,457,264
-- -- 9 ,21
-- -- 51 , 2
-- -- 71, 85,870
-- -- 86,073,780
1,103 $ 1,978,179 $ 102,068,791
-
THIS PAGE INTENTIONALLY LEFT BLANK
COUNTY,MONROE FLORIDA
COMBINING T T T OF REVENUES, EXPENDITURES
CHANGES IN FUND BALANCE
L SPECIAL
FOR THE FISCAL YEAR ENDED SEPTEMBER ,
Affordable Fine Road
Housing and and Law
Programs Forfeiture ri e Library
Revenues: -
Taxes $ -- $ 30,077,603 1,969,280 $ --
Licenses & Permits -- --
Intergovernmental -- 73,174 3, 68, 86 --
hares for Services -- 2,70,305 28,780 41,175
Fines & Forfeitures -- 1,485,753 --
Investment Income 8,561 949,785 712,505 922
Miscellaneous 16,125 147,813 7 ,141 --
Total Revenues 24,686 35,4.84,433 5,852,192 42,097
Expenditures:
Current:
General Government 4 ,018 ®® --
Public Safety -- 4,838, 7 -- _-
Physical Environment -- -- --
Transportation -- -- 4,10 , 09 --
Economic Environment 45,863 -- 92,663 --
Human Services -- 2,244 811,430 -_
Culture and Recreation -- -- -- --
Court Related -- 595,588 -- 76, 37
et Service -- ®® -- --
Total Expenditures 45,863 5,481,207 5,007,502 76,437
Excess of Revenues Over/
(Under) Expenditures (21,177) 30,003,22 844,690 (34,340)
Other Financing Sources/(Uses):
Operating Transfers from r Fun -- -- -- 23,158
Operating Transfers to Other Funds ( 1,832) (29, 17,136) (100,000) --
Capital Lease Acquisition -- ®_ -_ --
Total Other Financing Sources/(Use (51,832) (29,317,136) (10 ,000) 23,158
Excess of Revenues and Other
Sources Over/(Under) Expenditures
Other Uses (73,00 ) 686,090 744,690 (11,182)
Fund Balance, October 1, 1997 1 ,305 13, 66,66 13, 0 ,911 32,004
Fund Balance, September 30, 19 - 11,26 $ 1 ,9 ,6 $ 1 ,1 , 01 $ 20,822
-10
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, 1998
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 $ 2,179,847 $ 4,517,071 $ 1,818,692 $ 173,067
Licenses & Permits -- -- -- --
Intergovernmental -- -- --
Charges for Services 26,039 53,958 21,725 2,067
Fines & Forfeitures -- -- -- --
Investment Income 135,529 168,827 127,754 13,654
Miscellaneous -- 28,465 -- --
Total Revenues 2,341,415 4,768,321 1,968,171 188,788
Expenditures:
Current:
General Government
Public Safety -- -- -- --
Physical Environment -- -- -- --
Transportation -- -- -- --
Economic Environment 1,843,487 4,034,677 1,535,299 148,696
Human Services -- -- --
Culture and Recreation -- -- --
Court Related
Debt Service -- -- -- --
Total Expenditures 1,843,487 4,034,677 1,535,299 148,696
Excess of Revenues Over/
(Under) Expenditures 497,928 733,644 432,872 40,092
Other Financing Sources/(Uses):
Operating Transfers from Other Fund -- -- -- --
Operating Transfers to Other Funds -- -- -- --
Capital Lease Acquisition -- -- --
Total Other Financing Sources/(Use -- -- -- --
Excess of Revenues and Other
Sources Over/(Under) Expenditures
&Other Uses 497,928 733,644 432,872 40,092
Fund Balance, October 1, 1997 2,181,742 2,841,665 2,107,323 230,853
Fund Balance, September 30, 1998 $ 2,679,670 $ 3,575,309 $ 2,540,195 $ 270,945
E-11
Tourist Tourist Tourist
Development, Development, Development, Governmental Impact Fees,
Dist. Three, Dist. Four, District ffive, Fund Tye Impact Fees, Parks an
"Three Cent Three ent Three Cent Grants Roadways Recreation
$ 389,036 429,952 537,712 $ -- ®- $ --
-- -- 5,27 ,710 -- --
4,647 5,136 6,423 142,926 -- --
21,868 28,213 34,865 495,534 401,079 33,847
-- -- 200,388 326,395 170,320
415,551 463,301 579,000 6,114,558 727,474 204,167
-- -- _- 32 ,170
-- -- -- 1,205,72 -- ®®
1,363,01 --
-- -- -- 320,443 58,034 386,221 408,300 455,124 1,12 , 84 - --
-- -- -- 1,948, 80 -- --
-- -- -- 8 ,119 -- 8,104
-- -- 20 ,92 -- -®
386, 21 408,300 455,124 6, 7 ,468 58,034 8,104
9,330 55,001 123,876 (463,910) 669,440 196,063
-- -- -- 1,721,828
-_ _- (13, 20) ®- --
-- -- -- 1,708,0 -- --
--
9,330 55,1001 123,876 1,244,098 669,440 196,063
10,111 509,131 593,389 1,845,248 6, 6,807 489,836
$ 439,441 $ 564,132 717,265 $ 3,0.9, 46 $ 7,026,247 $ 685, 99
-12 (Continued)
COUNTY,MONROE FLORIDA
COMBINING T T T OF REVENUES, EXPENDITURES
CHANGES IN-FUND BALANCE
ALL SPECIALVCONTINUED
FISCALFOR THE T30, 1998
Impact e Impact Fees,
Impactes, Impact Fees, Police Fire and
Libraries Solid Waste Facilities
Revenues:
Taxes $ --
Licenses & Permits -- -- -- --
Intergovernmental -- -- -- --
Cares for Services -- -- -- --
Fines & Forfeitures -- -- -- --
Investment Income 21,066 9,983 42,113 8,70
Miscellaneous 102,14 26,789 73,495 3 ,328
Total Revenues 123,250 36,772 115,608 47,032
Expenditures:
Current:
General Government -- -- -- --
Public Safety -- -- 1 , 2 3,210
Physical Environment -- 177 --
Transportation -- -- -- --
Economic Environment - -- -- --
Human Services -- -- -- __
Culture and Recreation 205,283 -- -- --
Court elate -- -- -- --
bt Service -- -- -- --
Total Expenditures 20 ,283 177 15,942 3,210
Excess of Revenues Over/
(Under) Expenditures (82,033) 36,595 99,666 43,822
Other Financing Sources/(Uses):
Operating Transfers from Other Fund -- -- --Operating Transfers to Other Funds
Capital Lease Acquisition -- -- -- -_
Total Other Financing urc s/(Us
Excess of Revenues and Other
Sources Over/(Under) Expenditures
Other Uses (82,033) 36,595 99,666 43,8212
Fund Balance, October 1, 1997 340,084 16 , 0 692,545 1 ,53
Fund Balance, September 30, 19 258,051 $ - 19", 35 792, 11
-1
Fire r n letor Upper Keys Unincorp. Unincorp.
District 1, System Healthr ite & Amb. Area Service Area Service
'Lower-and is Special District#6, District, ist., Tannin ,
Middle ey District Taxing iKey Largo Parks & Rec. Bldg. &Zonin
$ 4,093,174 $ 3,384 33 500,808 $ 1,208, 29 $ 4,701,149
-- -- ®- -- -- 1,908,296
,134 ®- -- -- 1,608 5,419
676,551 - -- 6,315 43,014 351,413
-- -- -- -- -- 26,810
176,471 2,046 208,864 32,321 56,193 343,868
7,875 -- 20,575 694 3 ,260 9,191
4, 62,205 5, 30 22 , 72 540,138 1, 8,604 7,346,146
192,657 -- -- 23,271 tl- 2,321,557
4,341,179 -- -- 395,939 2,838,523
-- -- -- -- 591,767
-- -- 223,996 -- -- --
--' -- -- -- 1,067,060
4,53 ,836 -- 223, 96 419,210 1,067,00 5,751,847
428,369 5,40 5,476 120,928 281,5441,594,299
(2,54) -- __ __ -- (600,741)
(2,524) -- -- -- -- ( 00,741)
425,845 5,430 5,476 120,928 281,544 993,558
1,893,943 7, 9 3,7 5,535 391,902 470,092 3,87 ,172
$ 2,319,788 $ 42,528 $ 3,791,011 512,830 $ 751,636 $ 4,872,730
-1 (Continued)
COUNTY,MONROE FLORIDA
COMBINING T T OF REVENUES, EXPENDITURES
CHANGES IN FUND BALANCE
SPECIALALL CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Cudjoe
911 Ducky Local Gardens
Enhancement curiHousing unici vc.
Fees District Assistanceulv. Dist.
Revenues:
Taxes $ __ $ -- $ -- $
Licenses & Permits -- -- --
Intergovernmental -- -- 566,797 --
Charges for Services 320,961 -- --
Fines & Forfeitures - -- -- --
Investment Income 3 ,305 5,424 32, 55 11,087
Miscellaneous -- 68,518 45,222175
Total Revenues 355,266 73,92 644,474 11,262
Expenditures:
Current:
General Government 2,016 -- --
Public Safety 224,541 56,264 -- --
Physical Environment -- -- -- 5,905
Transportation -- -- --
Economic Environment -- -- 274,880 --
Human Services -- - --
Culture and Recreation -- -- -- --
Court Related --
Debt Service -- -- -- --
Total Expenditures 224,541 58,280 274,880 5,905
Excess of RevenuesOver/
(Under) Expenditures 130,725 15,662 369,594 5,357
Other Financing Sources/(Uses):
Operating Transfers from ter Fun ®- -- -- --
Operating Transfers to Other Fund_ s -- -- (338,250)Capital Lease Acquisition -- -- -- --
Total Other Financing Sources/(Use -- -- (338,250) --
Excess of Revenues and Other
Sources Over/(Under) Expenditures
Other Uses 1 ,725 15,662 31,344 5,357
Fund Balance, October 1, 1997 73, 7 66,739 497,886 195,120
Fund Balance, September 30, 1 704,612 $ _82,401 $ 529,230 $ 200,477
-1
Jolly Roger Winston Comprehensive Sheriff
Estates a ay Plan, Sheriff s Alcohol
Municip. Svc. Municip. Svc. Boating Landi!d Bevera e
ulv, Dist. Taxing Dist. Improvement ut on e Tobacco
-- -- 571,261 2,116,822 -- --
__ -® -- 108,214 - 96,329
4,336 3,394 16,071 533,47 -- -®
100 29,205 -- 1,137,489 -- --
4,436 32,599 589,332 3,900,972 96,329
-® 20 -- 1,27 , 4 -- --
-- -- -- -- 10,802 96,329
5,131 -- 17, 01 -- -- --
-- 5,337 -- -- -- --
5,131 6,207 167,001 1,279,240 10,802 96,829
(695) 26, 2 422,331 2,621,7 (10,802) --
(69 ) 26,392 4 ,31 2,621,732 (10,802) --
75,912 10,181 -- 17,717,462 10,802 -
$ 7 , 17 $ 36,573 422,331 $ 20,39,19 $ -- $ --
-1 (Continued)
COUNTY,MONROE FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
CHANGES IN FUND BALANCE
ALL SPECIAL REVENUE FUNDS - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Sheriffs
Sheriffs Federal Sheriffs
2-Eyes sseSharing Airport err
Grant o, r ices Forfeiture
Revenues: - -
Taxes -- $ -_ -- $
Licenses & Permits -- -- -- --
Intergovernmental 11 ,098 -- -- 731,068
Charges for Services -- -- 186,82 --
Fines& Forfeitures -- 130,726 -- 720,932
Investment Income - 7,671 -- 2,826
Miscellaneous -- -- -- --
Total Revenues 118,098 138,37 186, 2 1, ,826
Expenditures:
Current:
General Government -- -- -- --
Public Safety 118,098 10,581 223,479 1, 5 , 26
Physical Environment -- - - --
Transportation -- -- -- --
Economic Environment -- -- -- --
Human Services
Culture and Recreation - -- --
Court Related - -- --
Debt Service -- -- 20,089 --
Total Expenditures 118,098 10,581 243,568 1,45 ,826
Excess of RevenuesOver/
(Under) Expenditures -- 127,816 ( 6,676) --
Other Financing Sources/(Uses):
Operating Transfers from ther Fund -® -- -- --
perating Transfers to Other Funds -- -- --
Capital LeaseAcquisition, - -- ,676 --
Total ter Financing Sources/(Use -- -- 6,676
Excess of Revenues and Other
SourcesOver/(Under) Expenditures
Other Uses 127,816 -- --
Fund Balance, October 1, 197 -- -- -- --
Fund Balance, September 30, 1998 $ $ 127,816 $ -- --
-17
Sherifrs
Sherifrs HIDTA
Grants Total
_® $ __ 2,599, 3
-- -- 1,908,296
-- 9,672,744 22,209,321
, 5 -- 4,897, 0
-- -- 2,364,221
-- -- 4,692,588
__ -- 2,561,747
24,135 9,672,7441,
-- -- 4,193,749
, 35 9,672,744 25,531,178
-- -- 2,132, 95
-- — 4,481,886
-- -- 10,347,59
-- -- 2,986, 5
-- -- 1,362,56
-- -- 7 ,95
25,47
24,135 9,672,744 51,940,748
-- -- 39,292,267
-- -- 1,744,986
-- -- (30,424,303)
-- -- 5 ,676
(28,622,641)
10, 69,626
75,404,154
86,073,780
-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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Investment Income $ 8,561 8,561
Miscellaneous 8,663 16,125 7',462
Total Revenues 8,1663 24,686 16,023
Expenditures:
Current:
Economic Environment:
Affordable Housing Initiatives 18,719 — 18,719
Elderly Homeowner Rehabilitation 8,663 8,663
Emergency Home Disaster Relief 37,000 37,000
Rental Rehab 26,756 200 26,556
Total Expenditures 91,138 45,863 45,275
Excess of Revenues Over/
(Under) Expenditures (82,475) (21,17`7) 61,298
Other Financing Sources/(Uses):
Reserve for Contingencies (693) 693
Operating Transfers to Other Funds (51,832) (51,8321)
Total Other Financing Sources/(Uses) (52,525) (51,832) 693
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other Uses (135,000) (73,009) 61,991
Fund Balance, October 1, 1997 194,305 194,305
Fund Balance, September 30, 1998 59A5 $ 1121,296 61,991
E-1 9
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE-BUDGET AND ACTUAL
FINE AND FORFEITURE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes 31,069,657 $ 30,077,603 $ (992,054)
Intergovernmental 35,000 73,174 38,174
Charges for Services 3,428,000 2,750,305 (677,695)
Fines and Forfeitures - 1,485,753 1,485,753
Investment Income 600,000 949,785 349,785
Miscellaneous 7,000 147,813 140,813
Total Revenues 35,139,657 35,484,433 344,776
...........
Expenditures:
Current:
General Government:
Salary Adjustment 3,871 3,871
Tax Increment Payment 45,018 45,018
Total General Government 48,889 45,018 3,871
. ........... ................................................................
Public Safety:
Sheriff's Group Insurance 3,684,317 3,629,770 54,547
LEEA Funds 75,000 75,000
Jail Operations 158,193 149,279 8,914
Public Works Correction Facilities 1,054,608 984,308 70,300
...........................
Total Public Safety 4,972,118 4,838,357 133,761
...............................................
Human Services:
Florida Keys Handicap Council 11,519 2,244 9,275
.............. ................................. .............................
Court Related:
Sheriff Extradition 75,843 75,843
Court Reporting Services 95,000 92,692 2,308
Clinical Evaluations 57,000 49,558 7,442
Court Interpreters 34,000 33,194 806
Witness Coordination 47,318 47,318
Expert Witness Fees 37,000 25,079 11,921
Public Defender Conflicts 256,800 256,800
Other Circuit Court Criminal Costs 45,500 15,104 30,396
....................... ............ ..............................
Total Court Related 648,461 595,588 52,873
...... ........................-_
Total Expenditures 5,680,987 5,481,207 199,780
E-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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Excess of Revenues Over/
(Under) Expenditures 29,458,670 30,003,226 544,556
Other Financing Sources/(Uses):
Reserve for Contingencies (861,002) 861,002
Operating Transfers to Other Funds (29,855,685) (29,317,136) 538,549
Total Other Financing Soures/(Uses) (30,716,687) (29,317,1 36) 1,399,561
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (1,258,017) 686,090 1,944,107
Fund Balance, October 1, 1997 13,266,606 13,266,606 --
Fund Balance, September 30, 1998 $ 12,008,589 $ 13,952,696 $
..........................
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 4,500,000 $ 1,969,280 $ (2,530,720)
Intergovernmental 3,068,486 3,068,486
Charges for Services 19,500 28,780 9,280
Investment Income 600,000 712,505 112,505
Miscellaneous 33,000 73,141 40,141
-----------------------1..... ...........
Total Revenues 5,152,500 5,852,192 699,692
Expenditures:
Current:
General Government:
Salary Adjustment 24,600 24,600
...............
Transportation:
Road Department 2,956,097 2,615,285 340,812
Boot Key Bridge 144,301 103,017 41,284
County Engineer 686,600 302,656 383,944
Local Option Gas Tax:
Street Lighting 301,269 247,962 53,307
Local Option Gas Tax Projects 1,600,000 194,230 1,405,770
% Gas Tax 7,323,159 508,685 6,814,474
In-House Projects 250,000 131,574 118,426
......... ...............................-
Total Transportation 13,261,426 4,103,409 9,158,017
...........................
Economic vironment:
Veteran's Affairs Transportation 96,736 92,663 4,073
..............----------- .............
Human Services:
Guidance Clinic Transport 13,000 13,000
Transportation - Human Services 875,426 811,430 63,996
Total Human Services 888,426 811,430 76,996
............... .......
Total Expenditures 14,271,188 5,0n7
Uno) 9,163,6536
Excess of Revenues Over/
(Under) Expenditures (9,118,688) 844,690 ..9,963,378
Other Financing Sources/(Uses):
Reserve for Contingencies (532,028) 532,028
Operating Transfers to Other Funds (100,000) (100,000) -
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Total Other Financing Sources/(Uses) (632,028) (100,000) 532,028
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (9,750,716) 744,690 10,495,406
Fund Balance, October 1, 1997 13,409,911 13,409,911 --
Fund Balance, September 30, 1998 $ 3,659,195 $ 14,154,601 $ 10,495,406
E-23
MONROE COUNTY, FLORIDA
STATEMENT IT
CHANGES I BUDGET AND ACTUAL
LIBRARYLAW SPECIAL
FOR THE FISCAL Y T30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services 35,000 1,175 6,175
Investment Income 500 922 422
Total Revenues 35,500 42,097 6,597
Expenditures:
Current:
Court elated:
Judicial Support 76, 7 76, 37 --
Excess of RevenuesOver/
(Under) Expenditures (40,937) (34,340) 6,597
Other Financing Sources/(Uses):
Reserve for Contingencies (196) -- 196
Operating Transfers from Other Funds 23,16 23,158 --
Total Other Financing Sources/(Uses) 22,962 3,1 6 196
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (17,975) (11,182) 6,793
Fund Balance, October 1, 197 32,004 32,004
Fund Balance, September 30, 16 $ 14,029 $ 20,822 $ 6,793
-24
MONROE COUNTY, FLORIDA
STATEMENT EXPENDITURES AND
BUDGETCHANGES IN FUND BALANCE - AND ACTUAL
TOURIST DEVELOPMENT, ALL DISTRICTS, T
FOR THE FISCALYEAR ENDED SEPTEMBER , 1
Variance
Favorable
Budgetcul (Unfavorable)
Revenues:
Taxes 1, 19,334 2,179, 47 $ 360,513
Charges for Services - 26,039 26,039
Investment Income -- 13 ,529 135,529
Total Revenues 1,819,334 2,341,415 522,081
Expenditures:
Current:
Economic Environment:
Administration 1,17, 6 923, 41 23 ,225
Cultural Umbrella 450,000 37 ,765 74,235
Fishing Umbrella 550,800 367,551 13,29
Umbrella Events 200,000 176,830 . 23,170
Total Expenditures 2,358,366 1,843,487 514, 79
Excess of Revenues Over/
(Under) Expenditures (539,032) 497,928 1,036,90
Other Financing Sources/(Uses):
Reserve for Contingencies ( 5,674) -- ,67
Excess of Revenues and Other SourcesOver/
(Under) Expenditures and Other Uses (994,706) 7, 1,492,634
FundBalance, October 1, 17 2,181,742 2,181,742 --
Fund Balance, September 30, 1998 $ 1,17,036 2,679,670 $ 1,492,634
-2
MONROE COUNTY, FLORIDA
STATEMENT
CHANGES IN FUND BALANCET AND ACTUAL
TOURIST T,ADMINISTRATIVE AND PROMOTIONAL, T T
SPECIAL REVENUE FUND
FOR THE FISCAL30, 1998
Variance
Favorable
u et Actual (Unfavorable)
Revenues:
Taxes 3,770,016 $ 4,517,071 $ 77,055
Charges for Services -- 53,98 53,958
Investment income -- 168,827 168,827
Miscellaneous -- 28,465 28,465
Total Revenues 3,770,016 4,768, 21 998,305
Expenditures:,
Current:
EconomicEnvironment:
Advertising and promotion 4,180,954 3,616,268 564,686
Administrative Services 475,562 418,409 .57,153
Total Expenditures 4,656,516 4,03 ,677 621,839
Excess of Revenues Over/
(Under) Expenditures (886,500) 7133,644 1,620,144
Other Financing Sources/(Uses):
Reserve for Contingencies ( 16,302) 916,3012
Excess of Revenues and Other SourcesOver/
( Under) Expenditures and Other Uses (1,8 2,802) 733,644 2,536, 46
Fund Balance, October 1, 1997 2,841,665 41,6 --
Fund Balance, September 30, 1998 1,038,863 $_ ___ ,575,3 2,536, 46
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 1,525,143 $ 1,818,692 $ 293,549
Charges for Services -- 21,725 21,725
Investment Income -- 127,754 127,754
Total Revenues 1,525,143 1,968,171 443,028
Expenditures:
Current:
Economic Environment:
TDC Administrative 56;966 36,179 20,787
Tourist Information Services 245,803 244,624 1,179
Bricks and Mortar 234,725 198,047 36,678
Special Events 597,576 266,883 330,693
Promotion and Advertising 970,444 789,566 180,878
Beaches . 460,000 -- 450,000
Total Expenditures 2,555,514 1,535,299 1,020,215
Excess of Revenues Over/
(Under) Expenditures (1,030,371)_ 432,872 1,463,243
Other Financing Sources/(Uses):
Reserve for Contingencies (399,779) -- 399,779
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (1,430,150) 432,872 1,863,022
Fund Balance, October 1; 1997 2,107,323 2,107,323 --
Fund Balance, September 30, 1998 $ 677173 $ 2,540,195 $ 1,863,022
E-27
COUNTY,MONROE FLORIDA
STATEMENTIT
CHANGES 1 T AND ACTUAL
TOURIST LOPMENT, DISTRICT , THREE CENT SPECIAL REVENUE FUND
FOR THE FISCALT30, 1998
Variance
Favorable
Budget ctu I (Unfavorable)
Revenues: -
Taxes 149,374 17 ,067 23,693
Charges for Services 2,067 2,067
Investment Income -- 13,654 13,654
Total Revenues 19, 74 188,788 39, 14
Expenditures:
Current:
Economic-Environment;
T C Administrative 6,857 3,063 3,79
Tourist Information Services 55,400 55,326 74
Bricks and Mortar 75, 33 25,165 50,068
Special Events 35,31 2,785 32,556
Promotion and Advertising 77,748 62,357 151,391
Total Expenditures 250,579 18,66 101,883
Excess of Revenues Over/
(Linder) Expenditures (101,20 ) 40,092 141,297
Other Financing Sources/(Uses):
Reserve for Contingencies (48,380) 48,380
Excess of Revenues and Other SourcesOver/
(Linder) Expenditures and Other Uses (149,585) 40,092 189,677
Fund Balance, October 1, 1997 230,853 230,853 --
Fund Balance, September 30, 19 81,28 270,945 189,677
®28
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 336,572 $ 389,036 $ 52,464
Charges for Services -- 4,647 4,647
Investment Income -- 21,868 21,868
Total Revenues 336,572 415,551 78,979
Expenditures:
Current:
Economic Environment:
TDC Administrative 11,343 7,663 3,680
Tourist Information Services 79,300 79,283 17
Bricks and Mortar 63,645 40,440 23,205
Special Events 56,162 25,000 31,162
Promotion and Advertising 316,121 233,835 82,286
Total Expenditures 526,571 386,221 140,350
Excess of Revenues Over/
(Under) Expenditures (189,999) 29,330 219,329
Other Financing Sources/(Uses):
Reserve for Contingencies (98,947) -- 98,947
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (288,946) 29,330 318,276
Fund Balance, October 1, 1997 410,111 410,111 --
Fund Balance, September 30, 1998 $ 121,165 $ 439,441 $ 318,276
E-29
COUNTY,MONROE FLORIDA
STATEMENT , EXPENDITURES
CHANGES I - BUDGET AND ACTUAL
TOURISTL T, DISTRICT#FOUR, T T SPECIAL REVENUE FUND
FOR THE FISCALT 30, 1998
Variance
Favorable
Budgetct I (Unfavorable)
Revenues: _
Taxes 343,356 429,952 36,596
Charges for Services -- 5,16 5,136
Investment Income -- 23,213 23,213
Total Revenues 33,356 463,301 119,945
Expenditures:
Current:
EconomicEnvironment:
C Administrative 15,137 7,759 7,423
Tourist Information Services 61,000 61,000 --
Bricks and Mortar 24,66 16,913 5,725
Special Events 78,786 22,858 5,923
Promotion and Advertising 317,801 277,770 40,031
Total Expenditures 517,412 408,300 109,112
Excess of Revenues Over/
(Under) Expenditures (174,05 ) 55,001 229,057
Other financing Sources/(Uses):
Reserve for Contingencies (101,237) -® 101,237
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (27 ,293) 55,01 30,294
Fund Balance, October 1, 1997 50911 1 509,131 --
Fund Balance, September 30, 1 233,333 $ 5,64,132 330,294
E-30
COUNTY,MONROE
STATEMENT
BALANCECHANGES IN FUND ACTUAL
TOURIST T, DISTRICT#FIVE, THREE CENT SPECIAL
FOR THE FISCALYEAR ENDED SEPTEMBER , 1
Variance
Favorable
Budget cal (Unfavorable)
Revenues:
Taxes $ 442,751 $ 57,712 $ 94,961
Charges for Services -- 6, 23 6,423
Investment Income -- 34,865 34,865
Total Revenues 442,751 57 ,000 136,29
Expenditures:
Current:
EconomicEnvironment:
T C Administrative 17,418 10,339 7,079
Tourist Information Services 96,200 96,134 66
Bricks and Mortar 19 ,281 27,616 171,665
Special Events 16,829 -- 16,8219
Promotion and Advertising 405,297 321,035 84,262
Total Expenditures 735,025 455,124 27 ,901
Excess of Revenues Over/
(Under) Expenditures ( 92,27 ) 12 ,876 416,150
Other Financing Sources/(Uses):
Reserve for Contingencies (14,12 ) -- 12 ,123
Excess of Revenues and Other SourcesOver/
(Under) Expenditures and Other Uses (416, 97) 123,876 540,273
Fund Balance, October 1, 1997 593,389 5 ,3 --
Fund Balance, September 30, 1 176, 2 717,265 50,273
E-31
MONROE COUNTY, FLORIDA
STATEMENT EXPENDITURES AND
CHANGES I T AND ACTUAL
GOVERNMENTAL FUND TYPE GRANTS
FOR THE FISCALY T30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental 13,328,795 5,275,71 (8,03,085)
Charges for Services 220,273 142,926 (77,347)
Investment Income 99,110 495,534 36,424
Miscellaneous 3,264,673 200,388 (3,064,285)
Total Revenues 1 , 12,851 6,11 ,55 (10,79 ,293)
Expenditures:
Current:
General Government:
Program Administration 1 19,000 78 18,252
Florida Communities Trust-ROGO 6,339, 6 328,046 6,011,390
Local Law Enforcement Block Grant 10,969 376 10,593
Total General Government 6,369, 05 329,170 6,040,235
Public Safety:
CountyAward Grant 322,585 ®- 322,585
Inmate Intervention/Residential Program 1 118,860 9, 5 18,901
Hazardous Material Plan Update 5,407 1,081 4,326
F A® urricane Georges 1,414,951 946,155 468,796
FEMA-Groundhog Day 51,732 8,2253,507
Emergency Management Base Grant 95,936 95,92511
A State and Local Assistance ,897 28,897 -®
Nutrition Cener Shutters 12, 40 -- 12,240
EMS Matching Grant 33,121 25,238 7,883
Resident Construction Mitigation 75,000 -- 7 ,000
Local Mitigation Strategy Project 69,000 249 68,751
Total Public Safety 2,227,729 1,25,729 1,022,000
Physical Environment:
Sewage Treatment & Disposal Systems 1,340,082 75,949 1,264,133
Sanitary Wastewater Master Plan 1,59 , 90 842,390 77,000
Marathon Wastewater Facility Plan 176,280 150,880 25,400
Low Income Home EnergyProgram 197 56,045 39, 58 16,687
Low;Income Home Energy Program 1998 176,298 75, 71 100,927
Advanced Identification of Wetlands 28,244 25,068 3,176
Channel Marking Plan 12,143 5,061 7,082
V Removal Zone II 32,432 29,8222,610
Barcelona o t Ramp 13,33 1 ,323
\! Removal 97-98 7 ,050 64,961 14,089
Special Waterways Program 100,00 -- 100,000
- 2 (Continued)
COUNTY, FLORIDA
STATEMENT , EXPENDITURES
CHANGES 1 T AND ACTUAL
GOVERNMENTAL FUND TYPE GRANTS SPECIAL REVENUE FUND -CONTINUED
FOR THE FISCALYEAR ENDED SEPTEMBER30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Storater Mangement Plan 100,000 1 ,722 80,278
SWPP Boaters Guide 36,000 -- 36,00
Sentinel Fisheries Program 17,844 7,495 10,349
SWPP Installation & Maintenance 100,000 13,614 86,386
Total Physical Environment 3, 67,11 1,363,014 2,504,117
Transportation:
Transportation Study Plan Update 11,253 100,593 40,660
Bicycle Pedestrian Plan 9,750 9,750 --
icycl Pedestrian Plan 11 15,00 10,100 ,900
Green ay/TransitNational Demonstration 200,000 200,000 --
Total Transportation 366,003 320,443 45,560
EconomicEnvironment:
JTPA Summer Youth Emplymnt&Training 159,114 49,812 19,302
JTPA Liaison 197 20,435 1 ,701 73
JTPA Title II IIC/III Intake Services 1997 131,757 122,966 8,791
JTPA Liaison 1998 2 , 20 6,165 19,255
JTPA Title II IIC/III Intake Services 1998 159,720 ,111 124,609
Disaster ReliefHo II 0, 51 887,429 62,822
Homeownership Investment Partnership 1,200 1,200 --
Total Economic Environment 1,447,897 1,122,384 25,513
HumanServices:
Heron Residential Program 31,000 29,191 1, 09
Senior Community Service Elymnt 1998 633,591 294,266 339,325
Community Care for Disabled Adults 1998 105,733 76,520 29,213
Title III-Cl Congregate Meals 197 46,829 46,485 344
Title III-CII Home Delivered Meals 17 59,278 57,9651,313
Community Care for the Elderly 1998 625,081 618,604 6,477
Home Care for the Elderly:19 14,124 12,651 1,473
Title 111- In-Home Services 1997 11,359 8,775 2,584
Title 111-13 Support Services 1997 82,993 76,55 6,438
Aleimer's Disease Initiative 1998 50,571 4 ,92 649
Title 111-13 Support Services 1998 12,921 8,521 4,400
Title III-Cl Congregate Meals 1998 226,112 10,271 7 , 41
Title III-CII Home Delivered Meals1998 251,741 150,739 101,002
Title III- In-Home Services 1998 33,047 24,106 8,941
Alzheimers Disease Initiative 1999 61,670 15,134 46, 36
Community ar for Disabled Adults 1999 123,914 30,232 93,682
- (Continued)
COUNTY,MONROE FLORIDA
STATEMENT , EXPENDITURES
CHANGES IN FUND BALANCEACTUAL
GOVERNMENTALICONTINUED
FOR THE FISCALY T 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Community Care for the Elderly 199 725,866 183,105 542,761
Horne Care for the Elderly 1999 18,269 3,202 15,067
Teenline 19,986 12, 25 7,361
Sunshine House 58,155 58,155 --
Juvenile Community Intervention 41,656 41,656 -®
Total Human Cervices 3,233,896 1,948,680 1,285,216
Culture and Recreation:
Fldrinet Enhanced Connectivity Assistance 12,50 82,119 20,381
Florida Communities Trust-Swartz 2,007,763 2,007,763
Sombrero Beach Restrooms 91,375 -® 91,375
Artificial Reef Program 50,000 -- 50,000
Total Cultural and Recreation 2,251,638 82,119 2,169,519
Court elated:
Court Reporter Grant-in-Aid 12,374 12, 74 --
Drug Court Improvement & Enhancement 208,241 84,576 123,665
Drug Court Improvement & Enhancement 20,380 20,192 188
Local Law Enforcement Block Grant 114,650 63,537 51,113
Family Preservation/Family Support 11,75 1,750 --
Court Reporter rant-in-Aid 4,50 4, 00 --
Total Court elated 381,895 26,99 174,966
Total Expenditures 20,145,594 6,578,468 13,567,126
Excess of RevenuesOver/(Under) Expenditures (3,2 ,73) ( 6 , 10) 2,768,833
Other Financing Sources/(Uses):
Reserve for Contingencies (43,180) -- 43,180
Operating ran rsfrom Other Funds 3,214,743 1,721,828 (1,492,915)
Operating Transfers to Other Funds (13,82 ) (1 ,8 ) --
Total Other Financing Sources/(Uses) 3,1 7,743 1,708,008 (1,44 ,735)
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other uses (75,00 ) 1,244,098 1,319,098
Fund Balance, October 1, 1997 1,845,248 1,845,248 --
Fund Balance, September 30, 1998 1,770,248 3,0 ,346 1,319,098
-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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
- ---_._....._.._..--
Investment Income $ 204,200 $ 401,079 $ 196,879
Miscellaneous 312,000 326,395 14,395
Total Revenues 516,200 727,474 211,274
Expenditures:
Current:
Transportation:
Fair Share Improvement County Wide 3,892,796 - 3,892,796
Fair Share Improvement Dist 1 218,973 - 218,973
Fair Share Improvement Dist 2 891,399 6,976 884,423
Fair Share Improvement Dist 3 11666,229 -- 1,666,229
Fair Share Improvement Key Colony Beach 133,789- 51,058 82,731
Total Expenditures 6,803,186 58,034 6,745,152
Excess of Revenues Over/
(Under) Expenditures (6,286,986) 669,440 6,956,426
Fund Balance, October 1, 1997 6,356,807 6,356,807 --
Fund Balance, September 30, 1998 $ 69,821 $: 7,026,247 $ 6,956,426
E-35
MONROE COUNTY, FLORIDA
STATEMENTI7
CHANGES I T AND ACTUAL
lRECREATION
SPECIAL
FOR THE FISCALYEAR ENDED SEPTEMBER , 1
Variance
Favorable
Budget Actual ' (Unfavorable)
Revenues:
Investment Income 23,500 3,847 10,347
Miscellaneous 59,000 170,320 111,320
Total Revenues 82,500 204,167 121,67
Expenditures:
Current:
Culture andRecreation:
Countywide Parks and Recreation 50,000 ®® 50,000
Fair Share Improvement Dist 1 138,750 -- 138,750
Fair Share Improvement Dist 2 30,450 -- 30,450
Fair Share Improvement Dist 3 462,750 2,112 460,638
Fair Share Improvement Key Colony Beach 6, 5 5,992 433
Total Expenditures 688,375 8,104 680,271
Excess of RevenuesOver/
(Under) Expenditures (605,875) 196,063 801,938
Fund Balance, October 1, 17 489,836 489,836 --
Fund Balance, September 30, 1998 16,039) $_ - 685,899 801,938
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Investment Income $ 2,000 $ 21,066 $ 19,066
Miscellaneous 110,000 102,184 (7,816)
Total Revenues 112,000 123,250 11,250
Expenditures:
Current:
Culture and Recreation:
Fair.Share Improvement County Wide 206,400 205,283 1,117
(Under)Expenditures (94,400) (82,033) 12,367
Fund Balance, October 1, 1997 340,084 340,084 --
Fund Balance, September 30, 1998 $ 245,684 $_ 258,051 $ 12,367
E-37
MONROE COUNTY, FLORIDA
STATEMENT , EXPENDITURES
CHANGES IACTUAL
IMPACT FEES -SOLID WASTESPECIAL REVENUE FUND
FOR THE FISCALY T30, 1998
Variance
Favorable
Budget ctual (Unfavorable-)
Revenues: - - -
Investment Income 3,000 $ 9,983 6,983
Miscellaneous 15,000 26,789 11,789
Total Revenues 18,000 36,772 18,772
Expenditures:
Current:
Physical Environment:
Fair Share Improvement Projects 117,100 177 116,923
Excess of Revenues Over/
(Under) Expenditures ( 9,100) 36,595 135,695
Fond Balance, October 1, 197 16224 162,34101 --
Fund Balance, September 30, 1998 3,24 _ 18,95 135,695
E-38
.MONROE COUNTY, FLORIDA
STATEMENTIT
CHANGES I T AND ACTUAL
IMPACT FEES - POLICE FACILITIES
FOR THE FISCALY30, 1998
Variance
Favorable
Budgetctu I (Unfavorable)
_
Revenues:
Investment Income $ 25,000 $ 42,113 $ 17,113
Miscellaneous 40,000 7 , 95 33,495
Total Revenues 65,000 115,608 50,608
Expenditures:
Current:
Public Safety:
Fair Share Improvement County Wide 61,750 15,942 645,808
Excess of Revenues Over/
(Under) Expenditures (596,7 ) 99,666 66, 16
Fund Balance, October 1, 197 692,545 692,545 --
FundBalance, September 30, 198 $ 95,795 $ 7 .2, 11 $ 696, 16
E-39
COUNTY,MONROE FLORIDA
STATEMENT , EXPENDITURES
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
IMPACT FEES - FIRE AND EMS SPECIAL
FOR THE FISCALY T30, 1998
Variance
Favorable.
Budget Actual ( nav r le)
evenues;
Investment Income 7,100 $ 6,704 1,604
Miscellaneous 21,000 36,326 17,328
Tote! Revenues 28,100 47,032 1i3,932
Expenditures:.
Current:
Public Safety:
Fair Share Improvement Dist 1 39,500 39,500
Fair Share Improvement Dist 2 6,600 210 6,590
Fair Share Improvement Dist 3 62,350. ,00 ,30
Fair Share Improvement Key Colony Beach 1,045 1,04
Total Expenditures 111,695 3,210 106, 35
Excess of RevenuesOver/
(Under) Expenditures (33,59 ) 43,822 127,417
Fund Balance, October 1, 1997 134, 23 134,523 --
Fund Balance, September 30; 1998 50,926 178,345 127,417
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 4,228,279 $ 4,093,174 $ (135,105)
Intergovernmental 10,000 8,134 (1;866)
Charges for Services 800,000 676,551 (123,449)
Investment Income 100,000 176,471 76,471
Miscellaneous -- 7,875 7,875
Total Revenues 5,138,279 4,962,205 (176,074)
Expenditures:
Current:
General Government:
Salary Adjustment 39,066 -- 39,066
Commissions and Fees 200,000 192,657 7,343
Total General Government 239,066 192,657 46,409
Public Safety:
District 1 Central Services 37,611 37,611 --
Fire Rescue - Central 2,237,221 1,156,538 1,080,683
Lower& Middle Keys Ambulance District 3,248,115 3,147,030 101,085
Total Public Safety 5,522,947 4,341,179 1,181,768
Total Expenditures 5,762,013 4,533,836 1,228,177
Excess of Revenues Over/
(Under) Expenditures (623,734) 428,369 1,052,103
Other Financing Sources/(Uses):
Reserve for Contingencies (26,463) -- 26,463
Operating Transfers to Other Funds (3,011) (2,524) 487
Total Other Financing Sources/(Uses) (29,474) (2,524) 26,950
Excess of Revenues and OtherSources Over/
(Under) Expenditures and Other Uses (653,208) 425,845 1,079,053
Fund Balance,October 1, 1997 1,893,943 1,893,943 --
'Fund Balance, September 30, 1998 $ 1,240,735 $ 2,319,788 $ 1,079,053
E-41
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES,
EXPENDITURES
CHANGES I T AND ACTUAL
UPPER KEYS HEALTHSPECIAL TAXING DISTRICTSPECIAL REVENUE FUND
FOR THE FISCALY30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes 33 $ 33
Investment Income 10,000 208,864 58,864
Miscellaneous 20,575 20,575
Total Revenues 10,000 29,472 79,472
Expenditures:
Current:
GeneralGovernment:
Salary Adjustment 3,259 3,259
Commissions and Fees 100 ®- 100
Total General Government 3,359 3,359
Human Services:
Trauma Care Administration 155,885 139,307 16,578
Transportation and Treatment 1,77 ,09 7 ,104 1,700,905
Pre-Transportation Hospital & Physical Care 144,979 9,615 135,364
Upgrading Facilities & StaffServices 89,868 970 868,898
Total Human Services 2,945,741 223,996 2,721,745
Total'Expenditures 2,949,100 223,996 ,7 5,104
Excess of Revenues Over/
(Under) Expenditures (2,79 ,10 ) 5,476 2,804,576
Other Financing Sources/(Uses):
Reserve for Contingencies (100,900) -- 100,900
Excess of Revenues and Other SourcesOver/
(Under) x n itures and Other Uses (2,900,000) 5,476 2,905,476
Fund Balance, October 1, 1997 3,785,535 3,7 5, 35 --
--
Fund Balance, September , 1998 885,535 _ 3,7 1,011 2,905,476
E-42
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FIRE AND AMBULANCE DISTRICT#6 - KEY.LARGO SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 516,716 $ 500,808 $ (15,908)
Charges for Services -- 6,315 6,315
Investment Income 20,000 32,321 12,321
Miscellaneous -- 694 694
Total Revenues 536,716 540,138 3,422
Expenditures:
Current:
.General Government:
Salary Adjustment 410 -- 410
Commissions and Fees 30,000 23,271 6,729
Total General Government 30,410 23,271 7,139
Public Safety:
Key Largo Volunteer Ambulance 324,606 208,734 115,872
Key Largo Volunteer Fire Dept. 299,319 187,205 112,114
Total.Public Safety 623,925 395,939 227-1986
Total Expenditures 654,335 419,210 235,125
Excess of Revenues Over/
(Under) Expenditures (117,619) 120,928 238,547
Other Financing Sources/(Uses):
Reserve for Contingencies (10,000) ®- 10,000
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (127,619) 120,928 248,547
Fund Balance, October 1, 1997 391,902 391,902
Fund Balance, September 30, 1998 $ 264,283 $ 512,830 $ 248,547
E-43
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
BUDGETCHANGES IN FUND BALANCE - AND ACTUAL
UNINCORPORATED ICE DISTRICT - PARKS AND RECREATION
SPECIAL REVENUE FUND
FOR THE FISCALY T 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 1,24 ,588 $ 1,208,52 $ ( 1,05 )
Intergovernmental - 1,608 1,60
Charges for Services 25,000 43,014 18,014
Investment Income 25,000 56,193 31,193
Miscellaneous 10,000 39,260 29,260
Total Revenues 1,309,588 1,34 ,604 39,016
Expenditures:
Current:
Culture andRecreation:
Parks & Beaches Unincorporated 1,194,836 1,067,060 127,776
Excess of.RevenuesOver/
(Under) Expenditures 114,752 281,544 166,792
Other FinancingSources/(Uses):
Reserve for Contingencies (14,273) -- 1 ,273
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses 100,479 281,544 181,065
Fund Balance, October 1; 1997 470,092 47 ,09 --
Fund Balance, September 30, 1 570, 1 $ - 751,66 181,065
A44
MONROE COUNTY, FLORIDA
STATEMENT
CHANGES 1 T AND ACTUAL
UNINCORPORATED ICE DISTRICT - PLANNING, BUILDING
ZONING1
FOR THE FISCALT30, 1998
variance
Favorable
Budget Actual (Unfavorable)
Revenues: - -
Taxes 4, 1, 78 4,701,14 $ (160,729)
Licenses and Permits 1,210,00 1,90 ,296 69 ,29
Intergovernmental 4,000 5,419 1, 19
Charges for Services 265,000 351,413 86, 13
Fines and Forfeitures 25,000 26,810 1, 10
Investment Income 150,000 343,868 193,86
Miscellaneous 5, 0 9,191 4,191
Total Revenues 6,50,878 7,346,146 825,26
Expenditures:
Current:
GeneralGovernment:
Commissions and Fees 280,000 262,098 17,902
County Attorney 85,288 -- 85,288
Planning and Zoning 1,596,280 1,413,750 1 ,530
2010 Comprehensive Plan 209,120 89,737 119,383
Planning Commission 5 , 3 43,162 16,071
Growth Management 538,313 88,94 49,365
ROGO Implementation 500 36 14
Planning and Building Refunds 30,000 23,506 6,494
TotalGeneral Government 2,798,734 2, 21,557 477,177
PublicSafety:
Building Department 1,6 6,164 1, 0,77 1 ,407
Code Enforcement 1,088,750 8 ,750 26 „000
Fire & Rescue Coordinator 230,274 199,446 30,828
Fire Marshall 27 , 72 274,570 2
Total Public Safety 3,279,760 2,838,5231,237
Physical Environment:
Environmental Resources 456,937 4 ,45 11, 82
Marine Resources 16, 16, 12 10,63
Total Physical Environment 613,892 591,767 22,125
Total Expenditures 61692,386 5,751,847 940,539
Excess of Revenues Over/
(Under) Expenditures (171,50 ) 1,594,299 1,765,807
E-45 (Continued)
MONROE COUNTY, FLORIDA
STATEMENTI
CHANGES IN FUND BALANCET AND ACTUAL
UNINCORPORATEDICE DISTRICT - PLANNING, BUILDING
ZONINGI VCONTINUED
FOR THE FISCALY T30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Other Financing Sources/(Uses):
Reserve for Contingencies ( 6, 6 ) -- 86,568
Operating Transfers to Other Funds (640,880) (600,741) 40,139
Total Other Financing Sources/(Uses) (727,44 ) (600,741) 126,707
Excess of Revenues and Other SourcesOver/
(Under)Expenditures and Other Uses ( 98,956) 993,558 1,892,514
Fund Balance, October 1, 1997 3,879,172 3,879,172 --
Fund Balance, September 30, 199 $ 2,980,216 _ 4,872,730 1,892,514
E-46
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services $ 289,583 $ 320,961 $ $31,378
Investment Income 5,000 -34,305 29,305
Total Revenues 294,583 355,266 60,683
Expenditures:
Current:
Public Safety:
911 Emergency System 767,545 224,541 543,004
Excess of Revenues Over/
(Under) Expenditures (472,962) 130,725 603,687
Fund Balance, October 1, 1997 573,887 573,887 --
Fund Balance, September 30, 1998 $ 100,925 $ - 704,612 $ 603,687
E-47
MONROE COUNTY, FLORIDA
STATEMENT , EXPENDITURES
CHANGES IN FUND BALANCEACTUAL
DUCK Y SECURITY DISTRICT
FOR THE FISCALY T 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
investment Income 3,000 , 24 2,424
Miscellaneous 65,000 66,513 3,516
Total Revenues 66,000 73,942 5,942
Expenditures:
Current:
General Government:
Commissions and Fees 2,020 2,016 4
Public Safety:
Island Security 92, 00 56,264 36,336
Total Expenditures 94,60 58,280 6,340
Excess of RevenuesOver/
(Under) Expenditures (26,620) 15,662 2,262
Other Financing Sources/(Uses):
Reserve for Contingencies (9,980) -- 9,960
Excess of Revenues and Other SourcesOver/
(Under) Expenditures and Other Uses (36,600) 15,662 52,262
Fund Balance, October 1, 1997 66,739 66,739 --
Fund Balance, September 30, 1998 30,139 $ _ _ , 01_ 52,262
-43
MONROE COUNTY, FLORIDA
SCHEDULEIT
CHANGES I T AND ACTUAL
LOCAL HOUSING ASSISTANCESPECIAL REVENUE FUND
FISCALFOR THE , 1
Variance
Favorable
Budget Actual (Unfavorable)
Revenues: _
Intergovernmental $ 514,736 566,797 $ 52,061
Investment Income -- 32,455 32,455
Miscellaneous -- 45,222 45,222
Total Revenues 514,736 644,474 129,738
Expenditures:
Current:
EconomicEnvironment:
Home Ownership/Rehab Existing 267,0241 ,094 71,930
Home Ownership/Fair Housing 25,000 17,686 7,314
Administration 24,298 24,298 --
Rental Rehabilitation 37, 02 37,802 -®
Total Expenditures 354,124 27 , 80 79,24
Excess of Revenues Over/
(Under) Expenditures 160,612 36 , 4 208,982
Other Financing Sources/(Uses):
Reserve for Contingencies (1 ,16 ) -- 13,164
Transfers to Other Funds ( 38,250) (338,2 ) --
Total Other Financing Sources/(Uses) ( 1, 1 ) ( 38, ) 13,16
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other
Uses- Budgetary Basis (190,80 ) 31,344 222,146
Adjustment For Mortgage Receivables -- (2 ,377) (233,377)
Adjustment for Mortgage Loans Made 233,377 23,377
Total Adjustments -- -- --
xcess of Revenues and Other Sources
Over/(Under) Expenditures and Other
Uses- GAAP Basis (190,82) 31,344 222,146
Fund Balance, October 1, 1997 497,886 497,886 -
Fund Balance, September 30, 1998 07,0 529,230 $ 222,16
COUNTY,MONROE FLORIDA
STATEMENT OF REVENUES, EXPENDITURES ,
CHANGES IN E T AND ACTUAL
CUDJOE GARDENS MUNICIPAL SERVICE CULVERT DISTRICT
SPECIAL REVENUE FUND
FOR THE FISCALY T30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Investment Income ®- $ 11,07 11,087
Miscellaneous Revenue -- 175 175
Total Revenues -- 11,262 11,262
Expenditures`
Current:
Physical Environment:
C djoe Gardens Culverts 195,000 5,905 189,095
Excess of Revenues Over/
(Under) Expenditures (19 ,000) 5,357 200,357
Fund Balance, October 1, 197 195,120 19 ,120 --
Fund Balance, September 30, 1998 $ 120 $ 200,477 $ 200,357
E-50
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues: - - -- --
Investment Income $ -- $ 4,336 $ 4,336
Miscellaneous Revenue -- 100 100
Total Revenues -- 4,436 4,436
Expenditures:
Current:
Physical Environment:
Jolly Roger Estates Culverts 75,000 5,131 , 69,869
Excess of Revenues Over/
(Under) Expenditures (75,000) (695) 74,305
Fund Balance, October 1, 1997 75,912 75,912 --
Fund Balance, September 30, 1998 $ 912 $ 75,217 $ 74,305
E-51
MONROE U TY, FLORIDA
SCHEDULE-OF REVENUES, EXPENDITURES AND
CHANGES I L
WINSTON WATERWAY MUNICIPAL SERVICETAXING I I
SPECIAL REVENUE FUND
FOR THE FISCAL Y30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Investment Income 1,000 $ 3,394 2,394
Miscellaneous 25,000 29,205 4,20
Total Revenues 26,000 32, 99 6,599
Expenditures:
Current:
General Government
Commissions and Fees 1,000 60 130
Physical Environment:
Winston Waterway 24,310 -- 24,310
Debt Service:
Principal 59,000 59,000
Interest 5,390 5,387 3
Total Debt Service 64,390 ; 67 3
Total Expenditures 89,700 65,207 24,493
Excess of Revenues Over/(Under)
Expenditures - Budgetary Basis ( 3,700) (3 , 06) 31,092
Adjustment for Repayment of Tax
Anticipation Note 59,000 59,000 --
Excess of RevenuesOver/(Under)
Expenditures - GAAP Basis (4,700) 26,392 1,092
Fund Balance, October 1, 1997 10,161 10,181 --
Fund Balance, September 3 , 1998 $ 5,461 , 73 31,092
E-52
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, 1998
Variance
Favorable
Budget Actual %Unfavorable)
Revenues:
Intergovernmental $ 422,139 $ 571,261 $ 149,122
Investment Income -- 18,071 18,071
Total Revenues 422,139 589,332 167,193
Expenditures:
Current:
Physical Environment:
DV Removal 97 Zone 1 1,648 -- 1,648
Marine Debris Removal 12,282 4,957 7,325
Snake Creek 4,245 4,245 --
Bonefish Bay 6,600 6,600 --
Flight Costs 759 133 626
Smathers/Jolly Roger Buoy 4,780 4,780 --
DV Removal 98 Zone II 1,978 -- 1,978
Emergency Removal DV03A2373/2450 1,620 1,620 --
Emergency Removal DV03A1800/2451 7,360 7,360 --
Emergency Removal DV03A2472/2448 10,450 10,450 --
Boating Improvement Funds 48,715 44,486 4,229
Large DV's Key West 14,980 14,980 --
Bottom Debris 3,000 3,000 --
DV03A2516 900 900 --
DV03A2510 1,000 1,000 --
DV03A2548/DV03A2461 3,182 3,182 --
DV03A2552 1,260 1,260 --
Emergency Removal DV03A2520 1,080 1,080 --
Emergency Removal DV03A2497 1,740 1,740 --
Jolly Roger Estates Buoys 625 625 --
Smathers Beach Pilings/Signs 15,375 15,375 --
Windley Key Channel Marker Repair 838 838 --
Cow Key Channel Markers 7,890 7,890 --
Coco Plum Channel Markers 1,750 -- 1,750
DV03A2387/DV03A2517/DV03A2521 2,295 2,295 --
Channel Markers 1,3,4,E 2,218 -- 2,218
Emergency Removal DV03A2612 1,125 1,125 --
Emergency Removal DV03A2621/22/23 2,655 2,655 --
DV03A2493/DV03A2494/DV03A2630 2,700 2,700 --
Derelict Vessels Zone 1 50,000 -- 50,000
Derelict Vessels Zone 2 50,000 -- 50,000
Derelict Vessels Zone 3 50,000 -- 50,000
DV03A2591/DV03A2605/DV03A2603 13,200 -- 13,200
DV03A2551 Woman Key 1,035 1,035 --
E-53 (Continued)
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
BOATING IMPROVEMENT SPECIAL REVENUE FUND -CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
DV03A2667 USCG Base 990 -- 990
Key West Bight Pump Out 50,000 -- 50,000
Aerial Photographs 20,690 20,690 --
Aids to Navigation 4,735 -- 4,735
Unidentified Boating Project Funds 11,439 -- 11,439
Total Expenditures 417,139 167,001 250,138
Excess of Revenues Over/
(Under) Expenditures 5,000 422,331 417,331
Other Financing Sources/(Uses):
Operating Transfers to Other Funds (5,000) -- 5,000
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other Uses -- 422,331 422,331
Fund Balance, October 1, 1997 -- -- --
Fund Balance, September 30, 1998 $ -- $ 422,331 $ 422,331
E-54
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ 3,056,200 $ 2,116,822 $ (939,378)
Charges for Services 27,000 108,214 81,214
Investment Income 100,000 538,447 438,447
Miscellaneous 135,000 1,178,239 1,043,239
Total Revenues 3,318,200 3,941,722 623,522
Expenditures:
Current:
General Government:
Administrative 292,800 212,515 80,285
Land and Land Rights Acquisition 10,139,788 5,233,118 4,906,670
Total Expenditures 10,432,588 5,445,633 4,986,955
Excess of Revenues Over/(Under)
Expenditures - Budgetary Basis (7,114,388) (1,503,911) 5,610,477
Adjustment to Report Expenditures for
Land and Mortgage Loans as an Asset 10,139,788 5,158,603 (4,981,185)
Adjustment to Report Cost of Land Sold as
an Expenditure -- (992,210) (992,210)
Adjustment to Report Mortgage Repayments as
a Reduction in Assets (35,000) (40,750) (5,750)
Total Adjustments 10,104,788 4,125,643 (5,979,145)
Excess of Revenues Over/(Under)
Expenditures- GAAP Basis 2,990,400 2,621,732 (368,668)
Fund Balance,October 1, 1997 17,717,462 17,717,462 --
Fund Balance, September 30, 1998 $ 20,707,862 $ 20,339,194 $ 1368,668)
E-55
COUNTY,MONROE FLORIDA
STATEMENT EXPENDITURES AND
CHANGES I .- BUDGET AND ACTUAL
SHERIFF'SL BEVERAGE AND TOBACCO SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER ,
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services 96,69 $ 96,629 --
Expenditures:
Current:
Public Safety 96,829 96,829 --
Excess of Revenues Over/
(Under) Expenditures -- -- --
Fund Balance, October 1, 1997 ®- -- --
Fund Balance, September 30, 19 --
E-56
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
SHERIFF'S 2-EYES SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ 118,098 $ 118,098 $ --
Expenditures:
Current:
Public Safety 118,098 118,098 --
Excess of Revenues Over/
(Under)Expenditures - - --
Fund Balance,October 1, 1997 -- -- --
Fund Balance, September 30, 1998
E-57
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGES I T AND ACTUAL
SHERIFF'SFEDERAL ASSET SHARING PROGRAM SPECIALFUND
FOR THE FISCAL YEAR ENDED SEPTEMBER91
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Fines and Forfeitures -- 130,726 130,726
Charges for Services 127,816 -- (127,816)
Investment Income -- 7,671 7,671
Total Revenues 127,816 138,397 10,581
Expenditures:
Current:
Public Safety 127,816 10,581 117,235
Excess of Revenues Over/
(tinder) Expenditures -- 127„816 127,816
Fund Balance, October 1, 17 -- --
Fund Balance, September 30, 1998 -- 127,816 $ 127,816
E-58
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services $ 186,892 $ 186,892 $ --
Expenditures:
Current:
Public Safety 186,892 223,479 (36,587)
Debt Service:
Principal -- 18,290 (18,290)
Interest -- 1,799 (1,799)
Total Debt Service -- 20,089 (20,089)
Total Expenditures 186,892 243,568 (56,676)
Excess of Revenues Over/
(Under) Expenditures -- (56,676) (56,676)
Other Financing Sources/(Uses):
Capital Lease Acquisition -- 56,676 56,676
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses -- --
Fund Balance, October 1, 1997 -- -- --
Fund Balance, September 30, 1998
E-59
MONROE COUNTY, FLORIDA
STATEMENT VEXPENDITURES
CHANGES IN FUND BALANCET AND ACTUAL
SHERIFF'SOFF-DUTY SPECIAL
FOR THE FISCALYEAR ENDED SEPTEMBER ,
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services 24,135 24,135 --
Expenditures:
Current:
Public Safety 24,135 24,135 --
Excess of Revenues Over/
(Under) Expenditures -- -- --
Fund Balance, October 1, 17 -- -- --
Fund Balance, September 30, 193 -- - - - - _ $
E-60
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, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ 13,851,918 $ 9,672,744 $ (4,179,174)
Expenditures:
Current:
Public Safety 13,851,918 9,672,744 4,179,174
Excess of Revenues Over/
(Under) Expenditures -- --
Fund Balance, October 1, 1997 -- --
Fund Balance, September 30, 1998
E-61
DEBT SERVICE
1993 REFUNDINGIMPROVEMENTBONDS-1983
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 REFUNDINGIMPROVEMENTBONDS-1988
o 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
Improvement Bonds.
SALESI
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 T
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.
COUNTY,MONROE FLORIDA
COMBININGT
ALL T SERVICE FUNDS
SEPTEMBER 30, 1998
Sales Tax
Refunding fun i venue
Improvement Improvement Re un en
Bonds-10 -1
ASSETS
Assets:
Restricted Assets:
Cash and Cash Equivalents $ 395,164 $ 513,298 $ 915,266
Interest Receivable -- -- --
Total Assets $ 395,164 $ 513,298 9151266
LIABILITIES FUND EQUITY
Liabilities:
Payable from Restricted Assets:
Accrued Interest Payable $ -- -- $ 537,225
Fund Equity:
Reserved for Debt Service 395,164 513,298 378,041
Total Liabilities and
Fund Equity 395,164 $ 513,298 $ 915,266
F-1
Clerk's
Revenue
Note Total
$ 8,506 $ 1,832,234
388 388
$ 8,894 $ 1,832,622
537,225
8,894 1, 9 ,37
$ 8,894 $ 1,832,622
F-2
COUNTY,MONROE FLORIDA
STATEMENTCOMBINING
CHANGES IN FUND BALANCES
ALL DEBT SERVICE FUNDS
FOR THE FISCALYEAR ENDED SEPTEMBER , 1
1993 1993 Sales Tax
Refunding efun iRevenue
Improvement Improvement efun i
Bonds-1 3 ands-1 988 Bonds
Revenues:
Intergovernmental 2 , 50 $ 670,000 --
investment income 22,650 29, 148 i i4,126
Total Revenues 24 , 00 699,148 114,126
Expenditures:
Debt Service 210,017 664, 87 4,843,796
Excess of RevenuesOver/
(Under) Expenditures 35,883 34, 61 ( ,729,670)
Other Financing Sources/(Uses):
Operating Transfers from Other Funds 4,800,000
Debt Proceeds -- -- 17,546,671
Payment to Refunded Bond Escrow Agent -- -- (17,243,111)
TotalOther Financing Sources/(Uses) -- -- 5,103,560
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other Uses 35,883 3 ,561 373, 90
Fund Balance, October 1, 17 359,281 478,737 4,151
Fund Balance, September 3 , 199 395,164 513,29837 ,01
F-3
Clerk's
Revenue
Note Total
$ -- 63,250
0 1.66,004
30 1,09,24
7, 21 5,725,621
(7,141) ( ,666,367)
16,035 4,816,035
- 17,54 ,671.
-- (17,2 ,111)
16,035 5,119,595
4 453,228
-- 62,16
8,894 $ 1,295,397
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, 1998
1993 Refunding Improvement Bonds - 1983
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ 223,250 $ 223,250 $ --
Investment Income 15,000 22,650 7,650
Total Revenues 238,250 245,900 7,650
Expenditures:
Debt Service:
Principal Retirement 190,000 190,000 --
Interest 18,050 18,050 --
Fiscal Charges 193,287 1,967 191,320
Advance Refunding Escrow -- - --
Total Expenditures 401,337 210,017 191,320
Excess of Revenues Over/
(Under)Expenditures (163,087) 35,883 198,970
Other Financing Sources/(Uses):
Reserve for Contingencies (50,000) -- 50,000
Operating.Transfers from Other Funds -- -- --
Debt Proceeds -- -- -
Payment to Refunded Bond Escrow Agent -- -- --
Total Other Financing Sources/(Uses) (50,000) -- 50,000
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (213,087) 35,883 248,970
Fund Balance, October 1, 1997 359,281 359,281 --
Fund Balance, September 30, 1998 $ 146,194 $ 395,164 $ 248,970
F-5
1993 Refunding Improvement - 1988 SalesTax Revenue & RefundingBonds
Variance ariance
Favorable av ra le
Budget Actual (Unfavorable) u t Actual (Unfavorable)
675,000 670,00 $ (5,000) $ _- -- $ --
10,000 29,148 19,148 100,000 114,126 14,126
68 , 00 69 ,18 1 ,18 100,000 11 ,126 1 ,126
385,000 385,000 -- 3,270,000 3,270,000 --
276,170 276,17 -- 1,6 1,10 99 ,484 681,666
13 ,080 3,417 135,663 265,180 23 ,62 31, 88
-- -- -- 340,620 340, 2 --
800,250 664,587 135,663 5,556,950 4,843,796 713,154
(115,25 ) 34,561 149,811 (5, 56, 50) ( ,72 ,670) 727,280
(10, 00) -- 10,00 (187,230) -- 187,230
-- -- -- 4,900,000 4,800,000 (100,000)
-- -- -- 17,887,292 17,5 6,671 (340,621)
-- -- -- (17,23,111) (17,2 ,111)
(100,000) -- 10 , 00 5,356,951 5,103,560 (253,391)
(215,250) 34,561 249,811 (99,999) 373,890 473,889
478,737 478,737 4,151 4,151 --
63, _7 513,298 249,811 t95,848) ,$ 378,041 73,89
F-6
MONROE 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, 1998
Clerk's Revenue Note
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ - $ __ $
Investment Income -- 80 80
Total Revenues -- 80 80
Expenditures:
Debt Service:
Principal Retirement -- -- --
Interest 8,000 4,392 3,60
Fiscal Charges 5,000 2,89 2,171
Advance Refunding Escrow -- -- --
Total Expenditures 1 ,00 7,21 5,779
Excess of Revenues Over/
(Under) Expenditures (13,000) (7,141) 5,859
Other Financing Sources/(Uses):
Reserve for Contingencies -- -- --
Operating Transfers from Other Funds 13,000 16,035 3,035
Debt Proceeds -- -- --
Payment to Refunded Bond Escrow Agent -- -- --
Total Other FinancingSources/(Uses) 1 , 00 16, 35 3,035
Excess of Revenues and Other SourcesOver/
(Under) Expenditures and Other Uses -- 8,894 8,894
Fund Balance, October 1, 17 -- -- --
Fund Balance, September 30, 1998 4 8, 9
F7
Total
Variance
Favorable
Budget Actual (Unfavorable)
898,250 893,250 $ (5,000)
125,000 166,004 41,00
1,023,250 1,059,254 36,004
3,845,000 3,85,000 --
1,983,370 1,298,06 685,274
62, 47 241,905 3 , 42
340,620 340,620 -®
6,771,537 5,725,621 1,045,916
(5,78,287) (4,66,37) 1,081,920
(337,230) - 337,230
4, 13,000 4,816, 3 (96,965)
17; 87,292 17,546,671 (340,621)
(17,243,111) (17,243,111) --
5,219, 51 5,119,595 (100,356)
(58,36) 453,228 981,56
842,169 842,169 --
313,83 1,295,397 981,564
F-8
THIS PAGE INTENTIONALLY LEFT BLANK
CAPITAL PROJECT FUNDS
ONE CENT INFRASTRUCTURE SUR
To account for capital improvements allocated from the One Cent Infra-
structure Tax.
SALES TAX BOND CAPITALI
To account for capital improvements allocated from the Sales Tax Bond.
CLERK'S
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, 1998
Sales Tax
One Cent Bond Clerk's
Infrastructure Capital Revenue
Surtax Improvements oe Total
ASSETS
Cash and Cash Equivalents 25,269,220 $ 1,264,641 295,696 26,829,557
Accounts Receivable 2 -- -- 2
Due from Other Funds 29,965 -- 686 30,651
Due from Other Governmental Units 1,607,302 -- 30,000 1,637,302
Total Assets $ 26,906,489 $ 1,264,641 $ 326,382 $ 28,497,512
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 471,594 -- $ 33,614 $ 505,208
etainae Payable 256,500 -- -- 256,500
Due to Other Funds 362,387 -- _- 362,387
Accrued Wages and Benefits Payable 12,587 -- -- 12,587
Deposits in Escrow 5,400 -- -- 5,400
Total Liabilities 1,108,468 -- 33,614 1,12,082
Fund Equity:
Fund Balances
Reserved for Encumbrances 75,484 -- 61,612 137,096
Fund Balances, Unreserved 25,722,537 1,26 ,61 231,16 27,218,334
Total Fund Equity25,798,021 1,26 ,641 292,768 27,355,430
Total Liabilities and Fund Equity 26,906,489 $ 1_,26 ,641 326,382 $ 28,497,512
G-1
MONROE COUNTY, FLORIDA
COMBINING T T T OF REVENUES, EXPENDITURES
CHANGES IN FUND BALANCES
ALL CAPITAL PROJECT FUNDS
FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1998
Sales Tax
One Cent Bond Clerk's
Infrastructure Capital Revenue
Surtax Improvements Note Total
Revenues:
Taxes 13,217,392 -- $ -- 13,217,392
Charges for Services 75 -- -- 75
Investment Income 1,151,755 41,210 5,317 1,198,282
Miscellaneous 3,275 -- 30,000 33,275
Total Revenues 14,372,497 41,210 35,317 14,449,024
Expenditures:
Capital Outlay:
General Government 2,007,963 -- -- 2,007,963
Public Safety 11,485 -- - 11,485
Culture and Recreation 354,596 -- -- 354,596
Court Related -- ®- 299,514 299,514
Total Expenditures 2,37 ,044 -- 299,514 2,673,55
Excess of RevenuesOver/
(Under) Expenditures 11,99 ,453 41, 10 (264,17) 11,775,466
Other Financing Sources/(Uses):
Operating Transfers from Other Funds 666,959 110,000 776,959
Operating Transfers to Other Funds ( ,213,66 ) -- (3,035) ( ,216,699)
Debt Proceeds 450,000 450,000
Total Other Financing Sources/(Uses) (5,54 ,705) ®- 556, 6 ( ,989,740)
Excess of Revenues and Other Sources
Over/(Under) Expenditures and
Other Uses 6, 51,748 41,210 292,768 6,785,726
Fund Balance, October 1, 1997 19,3 6,273 1,223,431 -- 20,569,704
Fund Balance, September 30, 1 25,798,021 $ 1,26 ,641 $ 292,768 $ 27,355,430
G-2
COUNTY,MONROE FLORIDA
COMBINING T T T OF REVENUES, EXPENDITURESIN FUND BALANCES
ACTUALBUDGET AND -ALL CAPITAL PROJECT FUNDS
FOR THE FISCALYEAR ENDED SEPTEMBER , 1
Capital Projects,
One Cent Infrastructure Surtax
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes 10,000,000 $ 13,217,392 3,217,392
Charges for Services -- 75 75
Investment Income 200,000 1,151,755 951,755
Miscellaneous -- 3,275 3,275
TotalRevenues 10,200,000. 1 , 72,497 4,172,497
Expenditures:
Capital Outlay:
General Government 9,51 ,080 2,007,963 75 7,117
Public Safety:
Sheriff Facility Projects 90,000 2,587 87,413
Fire Facility Projects 1,305,000 8,68 1, 96,102
Total Public Safety 1,395,000 11,485 1,383, 15
Transportation 348,514 -- 34 ,514
Human Services 503,000 -- 503,000
Culture and Recreation 2,392,500 3 4,596 2,037,904
Court elated -- -- --
Total Expenditures 14,1 4,094 2,374,044 11,780,050
Excess of RevenuesOver/
(Under) Expenditures (3, 4,094) 11,998, 3 1 ,952,57
Other Financing Sources/(Uses):
s rve.for Contingencies (1,340,906) -- 1,340,906
Operating Transfers from ter Funds 666,959 666,959
Operating Transfers to Other Funds (7,265,525) (6,213,664) 1,051, 61
Debt Proceeds -- -- --
Total Other Financing Sources/(Uses) (8,606,431) (5,546,705) 3,059,726
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (12,560,525) 6,451,748 19,012,273
Fund Balance, October 1, 1997 19,3 6,273 19,3 6,273 --
Fund Balance, September 30, 19 $ 6,785,748 25,798,021 19,012,273
G-3
Capital Projects, Capital Projects
Sales Tax Bond Capital Improvements Clerk's Revenue Note
Variance Variance
Favorable avar le
Budget Actual (Unfavorable) u et Actual (Unfavorable)
-- 41,210 41,210 -- 5,317" 5,317
-- -- -- 30,000 30,000
-- 41,210 41,210 -- 35,317 35,317
1,080,000 -- 1,080,00 -- -- -®
1,080,000 -- 1,080,000
.........-..... _ ---- - - - - -
-- -- -- 551,965 299,514 252,451
1,080,000 ®_ 1,080,000 551,965 299,514 252,451
(1, 80,000) 41,210 1,121, 10 (551,965) (264,197) 287,768
(120,000) -- 12 ,00 -- -- --
-- -- -- 110, 00 110,00 --
_® ( ,03 ) (3,03 ) -
-- -- -- _ 414511,1900 450,000 5,000
(120,000) 120,000 551,965 556,965 5,000
(1,20,0 ) 41,210 1,21, 10 -- 22,768 22,768
1,223,41 1, , 31 -- -- -- --
2 , 1 -- 1,2 ,641 1,241,210 $ 292,768_ 292,768-
-4 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL -ALL CAPITAL PROJECT FUNDS-CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Total
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 10,000,000 $ 13,217,392 $ 3,217,392
Charges for Services - 75 75
Investment Income 200;000 1,198,282 998,282
Miscellaneous -- 33,275 33,275
Total Revenues 10,200,000 14,449,024 4,249,024
Expenditures:
Capital Outlay:
General Government 9,515,080 2,007,963 7,507,117
Public Safety:
Sheriff Facility Projects 1,170,000 2,587 1,167,413
Fire facility Projects 1,305,000 8,898 1,296,102
Total Public Safety 2,475,000 11,485 2,463,515
Transportation 348,514 -- 348,514
Human Services 503,000 -- 503,000
Culture and Recreation 2;392,500 354,596 2,037,904
Court Related 551,965 299,514 252,451
Total Expenditures 15,786,059 2,673,558 13,112,501
Excess of Revenues Over/
(Under) Expenditures (5,586,059) 11,775,466 17,361,525
Other Financing Sources/(Uses):
Reserve for Contingencies (1,460,906) -- 1,460,906
Operating Transfers from Other Funds 1110,000 776,959 666,959
Operating Transfers to Other Funds (7,268,560) (6,216,699) 1,051,861
Debt Proceeds 445,000 450,000 5,000
Total Other Financing Sources/(Uses) (8,174466) (4,989,740) 3,184,726
Excess of Revenues and Other Sources Over/
(Under) Expenditures andOther Uses (13,760,525) 6,785,726 20,5461251
Fund Balance, October 1, 1997 20,569,704 20,569,704 --
Fund Balance, September 30, 1998 $ 6,809,179 $ 27,355,430 $ 20546,251
G-5
ENTERPRISE
MUNICIPAL 10E DISTRICT-WAST
To 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 County's Gard Sound Toll Bridge.
MARATHONI
To account for the operations of Monroe County's Marathon Airport.
Y WEST AIRPORT
To account for the operations of Monroe Count 's Key West International
Airport.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL ENTERPRISE FUNDS
SEPTEMBER 30 1998
Municipal Svc Card
District Sound Marathon
Waste Bridge Airport
ASSETS --- _
Current Assets:
Cash and Cash Equivalents $ 10,437,200 $ 5,317,158 $ 1,548,296
Accounts Receivable:
Delinquent Waste Collection Fees 754,088 -- --
Allowance for Uncollectible
Waste Collection Fees (701,640) -- --
Other 443;850 -- 65,965
Allowance for Other Uncollectible (54,608) -- --
Due from Other Funds 47,326 224 41,532
Due from Other Governmental Units 197,853 -- 111,731
Total Current Assets 11,124,069 5,3172382 1,767524
Restricted Assets:
Cash and Cash Equivalents 3,683,216 -- 280,072
Property, Plant and Equipment
(Net of Accumulated Depreciation) 8,153,741 4,584,104 5,135,823
Other Assets:
Deferred Charges (Net) 218,068 -- --
Total Assets $ 23,179,094 $ 9,901,486 $ 7,183;419
H-1
Key West
Airport Total
$ 1,240,734 $ 18,543,388
-- 754,088
-- (701,640)
309,455 819,270
-- (54,608)
223,795 312,877
1,140,963 1,450,547
2,914,947 21,123,922
1,730,814 5,694,102
5,801,511 23,675,179
-- 218,068
$ 10,447,272 $ 50,711,271
H-2 (Continued)
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET - CONTINUED
ALL ENTERPRISE FUNDS
SEPTEMBER 30, 1998
Municipal Svc Card
District Sound Marathon
Waste Bridge Airport
LIABILITIES AND FUND EQUITY -
Current Liabilities:
Accounts Payable $ 2,110,766 $ 19,278 $ 75,631
Retainage Payable -- - --
Claims and Judgements Payable 221,944 -- --
Due to Other Funds 47-,326 -- --
Due to Other Governmental Units 87,631 1,327 34,432
Accrued Compensated Absences -- 4,036 2,539
Accrued Wages and Benefits Payable 63,314 18,520 11,127
Deposits in Escrow - 46,327 -- 6,306
Deferred Revenues - -- 323,546
Capital.Leases Payable 165,071 -- --
Total Current Liabilities 2,742,379 43,161 453,581
Current Liabilities Payable from Restricted Assets:
Accrued Interest Payable 257,894 -- --
Revenue Bonds Payable 375,000 -- --
Landfill Closure/Post Closure Costs 385,357 -- -
Total Current Liabilities Payable from Restricted Assets 1,018,251 -- --
Long-Term Liabilities:
Accrued Compensated Absences 121,108 23,454 21,1561
Capital Leases Payable 1,478,583 --
Revenue Bonds Payable 7,425,000 -- --
Total Long-Term Liabilities 9,024,691 23,454 21,561
Total Liabilities 12,785,321 66,615 475,142
Fund Equity:
Contributed Capital 3,312,886 2,514,741 4,233,627
Retained Earnings:
Reserved for Revenue Bond Retirement 1,670,518 -- --
Unreserved 5,401,369 7,320,130 2,474,650
Total Retained Earnings 7,080,887 7,320,130 2,474,650
Total Fund Equity 10,393,773 9,834,871 6,708,277
Total Liabilities and Fund Equity $ 23,179,094 $ 9,901,486 $ 7,183,419
H-3
Key West
Airport Total
$ 518,414 $ 2,724,089
232,226 232,226
-- 221 944
27,285 74,611
15,496 138,886
10,148 16,723
45,815 138,776
12,267 64,900
-- 323,546
-- 165,071
861,651 4,100,772
-- 257,894
-- 375,000
-- 385,357
- 1,018,251
120,930 287,053
-- 1,478,583
-- 7,425,000
120,930 9,190,636
982,581 14,309,669
5,258,815 15,320,069
-- 1,679,518
4,205,876 19,402,025
4,205,876 21,081,543
9,464,691 36,401,612
$ 10,447,272 $ 50,711,271
H-4
MONROE COUNTY, FLORIDA
COMBINING STATEMENT ; EXPENSES AND
EQUITYCHANGES IN FUND
ENTERPRISEALL
FOR THE FISCALY T30, 1998
Municipal Svc Card
District ou Marathon
Wasteri a Airport
Operating Revenues:
Franchise Fees 22 ,692 - $ _-
Tolls -- 1,02 , 08 --
Charges for Services 14,220,135 -- 645,518
Fines and Forfeitures -- -- --
Miscellaneous 328,573 777,16
Total Operating Revenues 14,773,400 1,028,508 1, 22,62
OperatingExpenses:
Personal Services 1,569,447 425,542 276,178
Operations 11,7 6,264 96,962 2,122,560
Landfill Closure and Rost Closure 74 ,711' - -
Depreciation and Amortization 953,472 168,139 15 ,271
Total Operating Expenses 15,011,894 60,643 2,554,009
Operating Income (Loss) ( 8, ) 337,865 (1,131,327)
Non-Operating Revenues (Expenses):
Operating rants 41,163 -- 712,252
Investment Income 852,145 27 ,999 37,970
Interest Expenses and Fiscal Charges (626,14) -- -_
Loss on Disposition of Assets (106,201) -- (30,100)
Total Non-Operating evenues (Expenses) 610,973 274,999 720,122
Income (Loss) Before OperatingTransfers 372,479 612,86 ( 11,205)
Operating Transfers:
Operating Transfers from Other Funds 890,788 694,281
Operating Transfers to Other Funds (1,190,788) (50,000) --
Total Operating Transfers (300,000) (50, 0) 6 , 81
t Income 72,479 ,86 283,076
Fund Equity- October 1, 197 10,321,294 9,27 ,007 6, 21,593
Contributed Capital -- __ 3, 0
Fund Equity - September 30, 1998 10,393,773 $ 9,834,871 ,70 ,277
-
Key West
Airport Tota,l
$ 224,692
2,298,274 17,163,927
1,140 1,140
19,279 1,125,016
2,318,693 19,543,283
1,027,684 3,298,851
828,595 14,794,381
-- 742,711
65,399 1,342,281
1,921,678 20,178,224
397,015 (634,941)
101,201 1,304,616
122,830 1,287,944
-- (626,134)
— (136,301)
224,031 1,830,125
621,046 1,195,184
548,8182 2,133,951
(766,959) (2,007,747)
(218,077) 126,204
402,969 1,321,388
6,810,246 32,825,140
2,251,476 2,255,084
9,464,691 $ 36,401,612
H-6
MONROE COUNTY,FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
INCREASE IN CASH AND CASH EQUIVALENTS
Municipal Svc Card-
District Sound Marathon
Waste Bridge Airport
Cash flows from operating activities:
Cash received for services $ 14,439,065 $ 1,028,284 $ 586,057
Cash payments to suppliers for goods and services (11,396,073) (139,792) (2,245,002)
Cash payments to employees for services (1,605,136) (419,629) (271,387)
Other operating revenue 328,573 -- 777,164
Net cash provided (used) by operating
activities 1,766,429 468,863 (1,153,168)
Cash flows from noncapital financing activities:
Operating grants received 411,604 -- 794,199
Operating transfers from other funds 890,788 -- 1,014,844
Operating transfers to other funds (1,190,788) (50000) --
Net cash provided (used) by noncapital
financing activities 111,604 (50,000) 1,809,043
Cash flows from capital and related financing
activities:
Proceeds from capital grants -- -- 14,020
Proceeds from sale of assets - -- 38,358
Acquisition and construction of capital assets (325,684) (13,965) (75,217)
Principal paid on capital debt (510,481) -- --
Interest paid on capital debt --
Net cash provided (used) by capital and
related financing activities (1,472,771) (13,965) (22,839)
Cash flows from investing activities:
Proceeds from sale and maturities
of investment securities 710,676 -- --
Investment income 861,354 274,999 37,970
Net cash provided by investing activities 1,572,030 274,999 37,970
Net increase in cash and cash equivalents 1,977,292 679,897 671,006
Cash and cash equivalents at beginning of year 12,143,124 4,637,261 1,157,362
Cash and cash equivalents at end of year $ 14,120,416 $ 5,317,158 $ 1,828,368
H-7
Key West
Airport Total
2,006,540 $ 18,059,946
(787,331) (14,568,198)
(1,005,435) (3,301,587)
20,419, 1,126,156
234,193 ---1-,-316-,-317-
209,801 1,415,604
1,119,582 3,025,214
(766,959) (2,007,747)
562,424 2,433,071
1,872,228 1,886,248
-- 38,358
(2,447,342) (2,862,208)
(510,481)
(636,606)
(575,114) (2,084,689)
710,676
122,830 1,297,153
122,830 2,007,829
344,333 3,672,528
2,627,215 20,564,962
2,971,548 $ 24,237,490,
H-8 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL ENTERPRISE FUNDS -CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
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) $ (238,494) $ 337,865 $ (1,131,327)
Adjustments to reconcile operating
income to net cash provided (used)
by operating activities:
Depreciation and amortization 953,472 168,139 155,271
Change in assets and liabilities:
Decrease/(Increase)in:
Accounts receivable 37,418 -- (59,461)
Due from other funds (24,287) (224) --
Due from other governmental units (3,168) -- --
(Decrease)/Increase in:
Accounts payable 1,145,365 15,378 (121,141)
Bonds Payable -- (5,000) --
Premium Payable -- (2,871) --
Claims and judgements payable (8,592) -- --
Due to other funds (63,396) (50,671) (1,733)
Due to other governmental units 66,851 334 432
Accrued compensated absences (27,762) 4,036 2,539
Accrued wages and benefits payable (7,927) 1,877 2,252
Deposits in escrow (15,725) -- --
Landfill closure/post closure costs (47,326) -- --
Total adjustments 2,004,923 130,998 (21,841)
Net cash provided (used) by operating
activities $ 1,766,429 $ 468,863 $ C1,153,168)
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING,
CAPITAL AND INVESTING ACTIVITIES
Contributed fixed assets $ -- $ -- $ 3,608
Loss on disposition of fixed assets $ 106,201 $ -- $ 68,458
H-9.
Key West
Airport Total
397,015 $ (634,941)
65,399 1,342,281
(287,130) (309,173)
-- (24,511)
(3,105) (6,273)
34,825 1,074,427
-- (5,000)
(2,871)
(8,592)
(7,449) (123,249)
13,888 81,505
10,148 (11,039)
12,101 8,303
(1,499) (17,224)
(47,326)
-----------
(162,822) 1,951,258
234,193 $ 1,316,317_
2,251,476 $ 2,255,084
174,659
H-10
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
MUNICIPAL SERVICES DISTRICT WASTE
ENTERPRISE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)_
Operating Expenditures:
Administration $ 355,882 $ 355,882 $ --
Hurricane Georges 112,714 94,105 18,609
Salary Adjustment 30,103 -- 30,103
Hazardous Waste 190,922 147,232 43,690
Recycling-Hazardous Waste Program 220,441 123,695 96,746
Franchise Operations 4,656,690 4,504,270 152,420
Facility Operations 1 144,181 78,724 65,457
Cudjoe Key Transfer Station 2,107,772 1,981,174 126,598
Cudjoe Key Landfill 308,200 234,487 73,713
Cudjoe Key Post.Closure 86,371 -- 86,371
Cudjoe Key Lined Post Closure 1,120,453 -- 1,120,453
Long Key Transfer Station 2,414,426 2,330,467 83,959
Long Key Landfill 280,700 231,015 49,685
Long Key Post Closure 153,172 67,485 85,687
Key Largo Transfer Station 2,228,231 2,130,660 97,571
Key Largo Landfill 196,800 177,958 18,842
Key Largo Post Closure 75,320 31,766 43,554
Pollution Control 613,546 461,177 152,369
Recycling 989,906 830,677 159,229
Renewal and Replacement 2,155,453 -- 2,155,453
Total Operating Expenditures 18,441,283 13,780,774 4,660,509
Non-Operating Expenditures:
Operating Grants:
Recycling Grant 49,689 49,689 --
DEP Recycling Grant 158,793 158,793 --
Litter& Marine Debris Prevention Grant 19,166 19,166 --
Small Counties Recycling 50,000 50,000 --
Debt Service:
Principal Retirement 530700 510,481 20,219
Interest Expenses and Fiscal Charges 662,811 626,134 36,677
Capital Outlay 846,039 325,684 520355
Loss on Disposition of Assets 116,450 106,201 4,249
Total Non-Operating Expenditures 2,427,648 1,846,148 581,500
Operating Transfers and Reserves:
Reserve for Contingencies 528,505 -- 528,505
Operating Transfers to Other Funds 1,215,000 1,190,788 24,212
Total Operating Transfers and Reserves 1,743,505 1,190,788 552,717
Total Expenditures $ 22,612 436 $ 16,817,710 $ 5,794,726
H-11
COUNTY,MONROE FLORIDA
SCHEDULEIT ACTUAL
ENTERPRISECARD SOUND,BRIDGE
FOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
OperatingExpenditures:
Gard Sound Road & Toll Bridge 2,9 1,032 514,146 2,406,936
Salary Adjustment 12,132 -- 12,132
Hurricane Georges 500 498 2
County Engineer 65,106 7,359 77,247
Gard Sound Bridge 535,438 - 535,438
Total Operating Expenditures 3,554,258 522,503 3,031,755
Non-OperatingExpenditures:
Capital Outlay 16,700 13,965 2,735
Aerating Transfers and Reserves:
Reserve for Contingencies 499,042 -- 499,042
Operating Transfers to Other Funds 5 ,000 50,000 --
Total Operating Transfers and Reserves 549,042 50,000 499,042
Total Expenditures $ 4,120,000 $ 586,468 ,533,532
H-12
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES -BUDGET AND ACTUAL
MARATHON AIRPORT ENTERPRISE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Operation & Maintenance $ 726,235 $ 622,292 $ 103,943
Hurricane Georges 2,000 1,906 94
Total Operating Expenditures 728,235 6241-198 104,037
Non-Operating Expenditures:
Operating Grants:
Marathon FBO 1,032,000 986,161 45,839
Airport Planning Studies 119,267 119,227 40
Runway-Lighting 96,023 1,776 94,247
Airport Fencing 129,183 -- 129,183
Master Airport Layout Plan 21,056 21,056 --
Airport Part 150 Noise Study 150,000 -- 150,000
Taxiway 139,178 105,892 33,286
Taxiway Construction 1,318,367 4,282 1,314,085
Beacon&Tower Rehabilitation 50,000 -- 50,000
Shade Hangars 227,600 90,947 136,653
Construction Service/Access Road 181,500 - 181,500
Environmental Mitigation 11,875 1,745 10,130
Capital Outlay 664,628 75,216 589,412
Loss on Disposition of Assets 68,458 68,458 --
Total Non-Operating Expenditures 4,209,135 1,474,760 2,734,375
Operating Transfers and Reserves:
Reserve for Contingencies 89,279 -- 89,279
Operating Transfers to Other Funds 150,000 -- 150,000
Total Operating Transfers and Reserves 239,279 -- 239,279
Total Expenditures $ 5,176,649 $ 2,098,958 $ 3,077,691
H-13
COUNTY,MONROE FLORIDA
SCHEDULEI T AND ACTUAL
Y WEST AIRPORT ENTERPRISE
FOR THE YEAR ENDED SEPTEMBER1
Variance
Favorable
Budget ctu l (Unfavorable)
OperatingExpenditures:
Operation & Maintenance1,778,662 1,657,625 121,037
Hurricane Georges 6,000 5,695 305
Total Operating Expenditures 1,74,662 1,663,320 121,342
Non-Operating x enditure :
Operating rants:
Airport Planning Studies 222,574 7 ,497 146,077
Parking Expansion 354,457 30,362 324,095
Commercial Apron Ph 1 144,221 13,855 130,366
General Aviation Apron Ph 1 71,079 6,824 64,255
Airfield Drainage 7,817 -- 7,817
Safety Fence 115,059 -- 115,09
Salt Pond Enhancement 68,730 -- 68,730
Oise Buffer 76,829 -- 76,829
Airport Clear Zone II 30,87 -- 30,837
Airport Master Plan /ALP 19,220 12,110 7,110
Part 150 Noise Study 51,221 46,794 4,427
Maintenance 2,088 2,088 --
Fast Martello Environmental Enhancement 50,000 1,137 48,863
Overlay General Aviation Parking 239, 96 -- 239,896
Remote Auto Parking Lot 375,000 -® 375,000
Expand Parking Lot 500,000 650 499,350
Radar Design 50,000 50,000
Runway/Taxi Rehabilitation 177,066 900 176,166
Sewer Line Road2,281 ®® 32,281
Environmental Mitigation 11,875 1,745 10,130
Capital Outlay 7,205,62 2,447,341 4,758,351
Total Non-Operating Ex nditre 9,805,942 2,640,3037,16 ,639
Operating Transfers and Reserves:
Reserve for Contingencies 168,336 168,336
Operating Transfers to Other Funds 766,99 766,959
--
Total Operating Transfers and Reserves 935,295 766,959 168,336
Total Expenditures $ 12,525,899 5,070,5_ _ 7, ,317
-1
MONROE COUNTY,FLORIDA
REVENUE BOND ISSUE DESCRIPTION
SEPTEMBER 30,' 1998
MSD
Refunding Bonds
Series 1991
Original authorization $11,000,000
Unissued 1,430,000
Issued 9,570,000
Retirements through
September 30, 1998 1,770,000
Balance outstanding
.September 30, 1998 $7,800,000
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: 6.00% Maturities 1998
6.15% Maturities 1999
6.30% Maturities 2000
6.40% Maturities 2001
6.50% Maturities 2002
6.60%o-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 COUNTY, FLORIDA
SCHEDULE OF T SERVICE REQUIREMENTS
SEPTEMBER 30, 1998
MSD
Refunding Improvement Bonds- eri 1991
Bond Year
Ending Total
October 1 Principal Interest Debt Service
1998 375,000 515,788 890,788
199 405,000 493,288 88,288
20 0 425,000 468,380 893,380
201 45,000 441, 05 896,605
2 480,000 412,485 892,485
03 510,000 381,285 891,285
2004 540,000 347,625 887,625
2005 580,000 311,175 891,175
2006 615,000 272,025 887,025
2007 650,000 230,512 880,512
2008 60,000 186,638 876,638
2009 735,000 140,062 87 ,02
2010 640,000 90,450 730,450
11 700,000 47,250 747,250
7,80 ,000 4,338,568 12,138,568
H-16
THIS PAGE INTENTIONALLY LEFT BLANK
INTERNAL SERVICE FUNDS
COMPENSATION
To account for departmental and agency revenues used for the purpose of
financing the County's orer's.compensation program.
INSURANCEGROUP
o account for departmental and agency revenues used for the purpose of
financing the County's group insurance program.
RISK MANAGMENT
o account for the County's safety and loss control program, risk management,
administration and uninsured losses.
FLEET MANAGEMENT
To account for the County's operations of the vehicle fleet and maintenance
program.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL INTERNAL SERVICE FUNDS
SEPTEMBER 30, 1998
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
ASSETS _ _ _
Current Assets:
Cash and Cash Equivalents $ 1,786,805 $ 3,685,803 $ 1,397,087
Accounts Receivable '65 216,939 20,437
Due from Other Funds -- -- --
Due from Other Governmental Units 3,177 143,456 -
Total Current Assets 1,790,047 4,046,198 1,417,524
Property, Plant and Equipment
(Net, Where Applicable,
of Accumulated Depreciation) 31037 6,866 12,909
Total Assets $ 1,793,084 $ 4,053,064 $ 1,430,433
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts Payable $ 43,858 $ 99,627 $ 46,138
Claims and Judgements Payable 1,073,752 2,127,656 1,352,096
Due to Other Funds -- -- -
Due to Other Governmental Units -- -- 9,764
Accrued Compensated Absences 2,758 2,435 991
Accrued Wages and Benefits Payable 8,371 6,042 7,616
Other`Current Liabilities 1,051 6,552 --
Total Current Liabilities 1,129,790 2,242,312 1,416,605
Long-Term Liabilities:
Accrued Compensated Absences 9,240 14,497 8,177
Total Liabilities 1,139,030 2,256,809 1,424,782
Fund Equity:
Contributed Capital 621 2,527 --
Retained Earnings, Unreserved 653,433 1,793,728 5,651
Total Fund Equity 654,054 1,796,255 5,651
Total Liabilities and Fund Equity $ 1,793,084 $ 4,053,064 $ 1,430,433
H-17
Fleet
Management
Fund Total-
572,151 $ 7,441,846
351 237,792
97,060 97,060
125,189 271,822
794,751 8,048,520
2,260,571 2,283,383
3,055,322 $ 10,331,903
72,979 $ 262,602
4,553,504
4,592 4,592
131 9,895
6,184
49,739 71,768
- 7,603
127,441 4,916,148
46,413 78,327
173,854 4,994,475
2,671,406 2,674,554
210,062 2,662,874
2,881,468 5,337,428
3,055,322 $ 10,331,903
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, 1998
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
Operating Revenues:
Charges for Services $ 2,297,385 $ 8,801,016 $ 1,242,971
Miscellaneous 27,368 379,003 52,300
Total Operating Revenues 2,324,753 9,180,019 1,295,271
Operating Expenses:
Personal Services 134,480 137,266 172,660
Operations 333,000 1,251,705 766,435
Depreciation 1,117 2,336 4,554
Asserted and Paid Claims 1,271,539 7,092,186 425,656
Total Operating Expenses 1,740,136 8,483,493 1,369,305
Operating Income (Loss) 584,617 696,526 (74,034)
Non-Operating Revenues (Expenses):
Investment Income 54,965 135,098 76,774
Loss on Disposition of Assets -- -- (154)
Total Non-Operating Revenues (Expenses) 54,965 135,098 76,620
Income Before Operating Transfers 639,582 831,624 2,586
Operating Transfers:
Operating Transfers from Other Funds -- --Net Income 639,582 831,624 2,586
Fund Equity - October 1, 1997 14,472 964,631 3,065
Contributed Capital -- -- --
Fund Equity- September 30, 1998 $ 654,054 $ 1,796,255 $ 5,651
H-19
Fleet
Management
Fund Total
$ 2,425,805 $ 14,767,177
10,671 469,342
2,436,476 15,236,519
971,952 1,416,358
1,003,268 3,354,408
339,576 347,583
-- 8,789,381
2,314,796 13,907,730
121,680 1,328,789
14,533 281,370
(2,489) (2,643)
12,044 278,727
133,724 1,607,516
97,060 97,060
230,784 1,704,576
2,283,509 3,265,677
367,175 367,175
$ 2,881,468 $ 5,337,428
H-20
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
INCREASE IN CASH AND CASH EQUIVALENTS
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
Cash flows from operating activities:
Cash received for services $ 2,319,223 $ 8,744,177 $ 1,229,128
Cash payments to suppliers for goods
and services (1,538,583) (8,411,550) (1,109,110)
Cash payments to employees for services (127,003) (133,915) (170,026)
Other operating revenue 27,368 379,003 52,300
Net cash provided by operating
activities 681,005 577,715 2,292
Cash flows from noncapital financing activities:
Operating transfers from other funds -- -- --
Cash flows from capital and related financing
activities:
Acquisition of fixed assets -- -- (2,865)
Cash flows from investing activities:
Investment income 54,965 135,098 76,774
Net increase in cash and
cash equivalents 735,970 712,813 76,201
Cash and cash'equivalents at beginning of year 1,050,835 2,972,990 1,320,886
Cash and cash equivalents at end of year $ 1,786,805 $ 33685,803 $ .1,397,087
H-21
Fleet
Management
Fund Total
2,285,286 $ 14,577,814
(1,001,097) (12,060,340)
(959,631) (1,390,575)
10,671 469,342
335,229 1,596,241
97,060 97,060
(361,403) (364,268)
14,533 281,370
85,419 1,610,403
486,732 5,831,443
572,151 $ 7,441,846
H-22 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL INTERNAL SERVICE FUNDS -CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
Operating income (loss) $ 584617 $ 696,526 $ (74,034)
Adjustments to reconcile operating
income to net cash provided by
operating activities:
Depreciation 1,117 2,336 4,554
Change in assets and liabilities:
Decrease/(Increase) in:
Accounts receivable 25,015 (19,445) (20,389)
Due from other funds -- 380 6,546
Due from other governmental units (3,177) (37,774)
(Decrease)/Increase in:
Accounts payable (5,098) (42,695) (12,077)
Claims and judgements payable 95,553 (11,532) 86,488
Due to other funds (28) -- (1,194)
Due to other governmental units (25,435) -- 9,764
Accrued compensated absences 2,757 2,435 990
Accrued wages and benefits payable 4,720 916 1,644
Other current liabilities 964 (13,432) --
Total adjustments 96,388 (118,811) 76,326
Net cash provided by operating
activities $ 681,005 $ 577,715 $ 2,292
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING
CAPITAL AND INVESTING ACTIVITIES
Contributed fixed assets $ -- $ -- $ --
Loss on disposition of fixed assets $ - $ -- $ 154
H-23
Fleet
Management
Fund Total
121,680 $ 1,328,789
339,576' 347,583
(351) (15,170)
(91,144) (84,218)
(49,024) (89,975)
(2,552) (62,422)
170,509
4,592 3,370
131 (15,540)
(2,333) 3,849
14,654 21,934
(12,468)
213,549 267,452
335,229 $ 1,596,241
367,175 $ 367,175
2,489 $ 2,643
H-24
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
WORKER'S COMPENSATION INTERNAL SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administrative $ 117,989 $ 115,101 $ 2,888
Operations and Claims 340,806 315,173 25,633
Claims 1,234,147 1,175,986 58,161
Safety&Loss Control 35,163 34,430 733
Hurricane Georges 3,000 2,776 224
Asserted Claims 940,064 95,553 844,511
Total Operating Expenditures 2,671,169 1,739,019 932,150
Operating Transfers and Reserves:
Reserve for Contingencies 166,947 -- 166,947
Total Expenditures $ 2,838,116 $ 1,739,019 $ 1,099,097
H-25
MONROE COUNTY, FLORIDA
SCHEDULEIT T AND ACTUAL
GROUP INSURANCE INTERNAL SERVICE FUND
FOR,THE YEAR ENDED SEPTEMBER , 1
Variance
Favorable
Budget c ual (Unfavorable)
Operating Expenditures:
Salary Adjustment 230 $ -- $ 230
Administration 10,594 187,087 3,507
Operations 1,2 0,635 1,201,884 58,751
Group Insurance Claims 7,500,000 7,092,16 407,814
Asserted Claims 2,625,000 -- 2,625,000
Total Operating Expenditures 11, 76,49 8,481,157 3,095,302
Operating Transfers and Reserves:
Reserve for Contingencies 94,547 -- 94,547
Total Expenditures 11, 71,006 8,481,157 ,189,849
H-26
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
RISK MANAGEMENT INTERNAL SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administration $ 173,272 $ 169,416 $ 3,856
Operations 731,600 727,875 3,725
Claims 907,492 425,657 481,835
Safety and Loss Control 45,263 41,586, 3,677
Hurricane Georges 500 217 283
Asserted Claims 675,000 -- 675,000
Total Operating Expenditures 2,533,127 1,364,751 1,168,376
Non-Operating Expenditures:
Capital Outlay 3,210 2,865 345
Operating Transfers and Reserves:
Reserve for Contingencies 65,754 -- 65,754
Total Expenditures $ 2,602,091 $ 1,367,616 $ 1,234,475
H-27
COUNTY,MONROE FLORIDA
SCHEDULE OF IT T AND ACTUAL
FLEET MANAGEMENT INTERNAL I FUND
FOR THE YEAR ENDED SEPTEMBER , 1
Variance
Favorable
Budget ctu I (Unfavorable)
Operating Expenditures:
Salary Adjustment 14,414 14,414
Public Works Garage 1,0 3,408 1,006,333 77,07
Fleet Management Services-Fuel 484,478 484,136 342
Operations 520,502 466,273 5 ,229
Plantation Key Garage 2,995 1,846 1,149
Hurricane Georges 18, 00 16,632 1,368
Total Operating Expenditures 2,123,797 1,975,220 148,577
Non-Operating Expenditures:
Capital Outlay 683,155 361,404 321,751
Loss on Disposition of Assets 2,489 2,489 --
Total Non-Operating xp nditures 685,644 363,893 321,751
Operating Transfers andReserves:
Reserve for Contingencies 3,644 3,644
Total Expenditures 2,813,085 $ 2,339,113 $ 473,972
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 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.
COURT FACILITY FEES
To account for revenues collected upon the institution of any civil action, suitor
proceeding to be used exclusively in providing and maintaining existing and future
facilities for the use of the Circuit and County Court system.
TRUSTDRUG ABUSE
To account for assessments collected for drug abuse programs and to
disburse assistance rants for drug abuse treatment and/or educational programs
which out the standards for qualification of such programs by the Department of
Health and Rehabilitative Services.
GENERALCLERK AGENCY
o 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.
SHERIFFL AGENCY
o account for funds received and disbursed to others by the Sheriffs office in
a fiduciary capacity.
TAG AND LICENSE
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.
PROPERTYTAX
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
ALL FIDUCIARY
SEPTEMBER ,
1998
EXPENDABLETRUST
FUNDS
Law uDrug
Inmate Enforcement Facilityuse
- Welfare Trust, Fees Trust
ASSETS
Cash and Cash Equivalents $ 20,709 00,65 469,026 $ 12,06
Accounts Receivable 2 ,038 -- - --
Due from Other Funds 612 -- -- -
Due from Other Governmental Units -- 2 , 20 2,476 16
Total Assets $ 270,39 $ 562,875 471,502 $ 12,23
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable 32
Due to Others 2952 -- -- --
Due to Other Funds 4,547 -- - --
Due to Other Governmental Units 855 84,080
- -
Total Liabilities 35,86 84,080 -- -
Fund lance:
Reserved for Trust Fund Purposes 23 , 33 7 ,79 71, 12,232
Total Liabilities and Fund Balance 270,359 562,875 471,502 12,22
-1
AGENCYFUNDS
Clerk's Sheriff s
General General Tag and Property
Agency Agency License Tax Total
1,433,222 476,454 $ 244,725 3,108,024 6,284,883
11,250 -- 2,057 2,375 44,720
-- 1,249,917 ®_ -- 1,20,529
21,567 -- -- -- 286,427
1,466,039 $_-_____1,7 6,371 $ 246,782 $ 3,_110,399 $ 7,866,559
832
727,831 465,580 232 7,753 1,230,988
-- 922 -- -- 5,469
738,208 1,259,869 246,550 3,102,646 5,4 ,208
1,466,039 1,726,371 246,782 3,110,39 6,669, 97
-- -- -- -- 1,197,062
$- - 1, 6,039 ___1,726, 71 246,782 3,110,399 7,866,559
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, 1998
Law Court Drug
Inmate Enforcement Facility Abuse
Welfare Trust Fees Trust Total
Revenues:
Charges for Services $ -- $ -- $ 39,695 $ 5,859 $ 45,554
Fines &forfeitures -- 552,166 -- -- 552,166
Investment Income 9,631 25,723 23,932 480 59,766
Miscellaneous 227,257 -- -- -- 227,257
Total Revenues 236,888 577,889 63,627 6,339 884,743
Expenditures:
Current:
Public Safety 182,854 713,882 -- -- 896,736
Excess of Revenues Over/
(Under) Expenditures 54,034 (135,993) 63,627 6,339 (11,993)
Fund Balance, October 1, 1997 180,499 614,788 407,875 5,893 1,209,055
,Fund Balance,
September 30, 1998 $ 234,533 $ 478,795 $ 471,502 $ 12,232 $ 1,197,062
1-3
MONROE COUNTY, FLORIDA
COMBININGT T T OF CHANGES
IN ASSETSi ILI I
FISCALALL AGENCY FUNDS
FOR YEAR ENDED SEPTEMBER 30, 1998
Balance Balance
October 1, September 30,
1997 Additions Deductions 19,98
AGENCY:CLERK'S GENERAL
ASSETS
Cash and Cash Equivalents 1,841,176 28,947,867 29,355,821 1,433,222
Accounts Receivable 200 38,753 27,703 11,250
Due from Other Governmental Units 1,183 25,993 5,609 21,567
Total Assets $ 1,842,559 $ 29,012,613 $ 29,389,133 1,466,039
LIABILITIES
Due to Others 908,503 $ 9,223,474 $ 9, 04,146 $ 727,831
Due to Other Governmental Units 934,056 19,789,139 19,984,987 738,208
Total Liabilities 1,842,559 $ 29,012,613 $ 2 ,36 ,133 $ 1, 66,039
SHERIFF'SY;
ASSETS
Cash and Cash Equivalents 455,533 $ 1,12 ,789 $ 1,103,868 76,454
Due from ter Funds 2,274,490 3,154,452 ,179, 2 -1,249,917
Total Assets $ 2,730,023 $ 4,279,241 $ 5,282,893 $ 1,726,371
LIABILITIES
Due to Others 449,856 $ 1,046,761 1,031,037 65,580
Due to Other Funds -- 922 -- 922
Due to OtherGovernmental Units 2,2 0,167 3,231,558 , 51, 56 1,2 9,869
Total Liabilities 2,70,03 $ 4,279,241 5,282,893 1,726,371
TAG AND LICENSE:
ASSETS
Cash and Cash Equivalents $ 272,163 $ 7,000,137 7,027,575 $ 244,725
Accounts Receivable 3,400 -- 1,343 2,057
Total Assets 27 , 63 $ 7,000,137 7,02 18 246,782
LIABILITIES
Due to Others 611 $ 9,03 9,432 232
Due to Other Governmental Units 274,952 6,991,084 7,019,486 246,550
Total Liabilities 275,563 7, ,17 7, 2_,918 46,782
1-4 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES
IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS - CONTINUED
FOR FISCAL YEAR ENDED SEPTEMBER 30, 1998
Balance Balance
October 1, September 30,
1997 Additions Deductions 1998
PROPERTY TAX:
ASSETS
Cash and Cash Equivalents $ 2,610,965 $ 154,546,871 $ 154,049,812 $ 3,108,024
Accounts Receivable 20,015 25,816 43,456 2,375
Total Assets $ 2,630,980 $ 154,572,687 $ 154,093,268 $ 3,110,399
LIABILITIES
Due to Others $ 11,584 $ 5,539,457 $ 5,543,288 $ 7,753
Due to Other Governmental Units 2,619,396 149,033,230 148,549,980 3,102,646
Total Liabilities $ 2,630,980 $ 154,572,687 $ 154,093,268 $ 3,110,399
TOTAL ALL AGENCY FUNDS:
ASSETS
Cash and Cash Equivalents $ 5,179,837 $ 191,619,664 $ 191,537,076 $ 5,262,425
Accounts Receivable 23,615 64,569 72,502 15,682
Due from Other Funds 2,274,490 3,154,452 4,179,025 1,249,917
Due from Other Governmental Units 1,183 25,993 5,609 21,567
Total Assets $ 7,479,125 $ 194,864,678 $ 195,794,212 $ 6,549,591
LIABILITIES
Due to Others $ 1,370,554 $ 15,818,745 $ 15,987,903 $ 1,201,396
Due to Other Funds -- 922 -- 922
Due to Other Governmental Units 6,108,571 179,045,011 179,806,309 5,347,273
Total Liabilities $ 7,479,125 $ 194,864,678 $ 195,794,212 $ 6,549,591
1-5
COUNTY,MONROE FLORIDA
STATEMENT F REVENUES, EXPENDITURES
CHANGES I T AND ACTUAL
LAW ENFORCEMENT T
EXPENDABLETRUST
FOR THE FISCALYEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget ctual (Unfavorable)
Revenues:
Fines and Forfeitures. 89 ,335 552,166 (342,169)
Investment Income 2,000 25,723 23,723
Total Revenues 896,335 577,889 (318,446)
Expenditures:
Currant:
Public Safety:
Law Enforcement 773,235 606,511 166,724
Summer Youth Program 123,000 107,371 1 ,629
Total Expenditures 896,235 713,882 182,353
Excess of RevenuesOver/
(Under) Expenditures 100 (1 ,93) (136,093)
Fund Balance, October 1, 1997 614,788 61 ,788 --
Fund Balance, September 30, 1998 614,888 78,795 C136,093)
1-6
MONROE COUNTY, FLORIDA
STATEMENT
CHANGES IACTUAL
COURT FACILITY FEES
EXPENDABLET
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Charges for Services 40,000 $ 39,695 $ (305)
Investment Income 15,000 23,932 8,932
Total Revenues 55,000 63,627 8,627
Expenditures:
Current:
Court Related:
Court Facility 299,075 299,075
Excess of RevenuesOver/
(Under) Expenditures (2 ,075) 63, 27 307,702
Other Financing Sources/(Uses):
Reserve for Contingencies ( 2,72 ) -- 42,725
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (286,800) 63,627 350,427
Fund Balance, October 1, 17 407, 75 407,875 --
Fund Balance, September 30, 1998 $ 121,075 $ - 471,502 $ 350,427
1-7
COUNTY,MONROE FLORIDA
STATEMENT EXPENDITURES AND
CHANGES IN FUND BALANCET AND ACTUAL
DRUG ABUSE TRUST
EXPENDABLETRUST
FOR THE FISCAL YEAR ENDED SEPTEMBER30, 1998
Variance
Favorable
Budget Actual (Unfavorable)
Revenues: _ __
-Charges for Services 2,000 $ 5,859 3,859
Investment Income 480 480
Total Revenues 2,000 6,339 4,339
Other Financing Sources/(Uses):
Reserve for Contingencies ( ,000) -- 4,000
Excess of Revenues Over/(Under)
Other Financing Sources/(Uses) (2,000) 6, 39 8,339
Fund Balance, October 1, 197 5,893 5,89 --
Fund Balance, September 30, 1998 3,893 $ 1 ,22 ,339
1-8
THIS PAGE INTENTIONALLY LEFT BLANK
GENERALACCOUNT GROUPS
FIXED
To account for all fixed assets of Monroe County, other than those accounted
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
ASSETS SCHEDULE OF GENERAL FIXED SOURCE
SEPTEMBER 30, 1998
Total
GENERAL FIXED ASSETS:
Land 21,044,144
Buildings 79,077,915
Equipment 39,137,35
Construction In Progress 1,337,040
Total General Fixed Assets 140,596,45
INVESTMENTS IN IXF ASSETS:
General FundRevenues:
County Funding 27,161, 0
1988 Improvement Revenue Bonds 62,096
Federal Grants and Shared Revenues 924,242
State rants and Shared Revenues 3, ,406
Donations 186,467
General Obligation Bonds 2,469,016
Special Revenue Fund Revenues 17,574,689
Donations 3,435,951
Capital Project Fund
Special Revenue Bonds 1, 2 ,007
1 68Improvement Revenue Bonds 1,433,012
1991 Sales Tax Revenue Bonds 31,953,990
Federal Grants and Shard Revenues 1,668,429
State Grants and Shard Revenues 3,057,93
County Funding45,877,252
Donations 20,055
Total Investment in General Fixed Assets $14056,453
_ -- --
J-1
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
SEPTEMBER 30, 1998
Construction
Land Buildings Equipment in Progress Total
General Government:
Legislative $ -- -- 330,316 $ -- $ 330,316
Executive -- -- 37,159 -- 37,159
Financial and Administrative 439,179 1,090,304 3,012,578 -- 4,542,061
Legal Counsel -- -- 74,050 -- 74,050
Comprehensive Planning 1,805,866 28,580 233,615 -- 2,068,061
Other General Government 4,554,088 13,972,816 1,965,537 -- 20,492,441
Total General Governmen 6,799,133 151091,700 5,653,255 -- 27,544,088
Public Safety:
Law Enforcement 359,962 1,401,875 12,247,723 -- 14,009,560
Fire Control ` 519,135 3,765,421 7,501,691 -- 11,786,247
Detention/Correction 4,858,904 44,483,552 30,832 - 49,373,288
Protective Inspections -- 14,808 211,802 -- 226,610
Emergency&Disaster Relief Svcs -- 51,874 374,581 -- 426,455
Ambulance and Rescue Svcs -- 13,215 2,108,453 -- 2,121,668
Medical Examiner -- -- 33,216 -- 33,216
Other Public Safety -- -- 1,771 -- 1,771
Total Public Safety 5,738,001 49,730,745 22,510,069 -- 77,978,815
Physical Environment:
Garbage/Solid Waste -- -- 115,674 -- 115,674
Conservation&Resource Mgmt -- -- 115,507 -- 115,507
Other Physical Environmen -- -- 4,930 -- 4,930
Total Physical Environme -- -- 236,111 -- 236,111
Transportation:
Road and Street Facilities 21,147 3,373,406 -- 3,394,553
Parking Facilities 799,963 -- -- -- 799,963
Total Transportation 799,963 21,147 3,373406 -- 4,194,516
Economic Environment:-
Employment Development -- -- 17,704 -- 17,704
Industry Development 369,000 -- 138,397 - 507,397
Veteran's Services -- -- 28,895 -- 28,895
Other Economic Development -- -- 2,932 -- 2,932
Total Economic Environment 369,000 -- 187,928 -- 556,928
J-2 (Continued)
MONROE COUNTY, FLORIDA
GENERALSCHEDULE OF FIXED ASSETS
Y FUNCTION AND ACTIVITY
SEPTEMBER 30, 1998
Construction
Land Buildings Equipment in Progress Total
HumanServices:
Hospitals -- 34,510 123,733 -- 158,243
Health, 10,500 1,318,163 1,468,505 -- 2,797,168
Welfare 8,500 448, 38 992,667 1, 49,505
Other -- -- 7,83 -- 27,839
Total Human Services 19,000 1,801,011 2,612,744 4, 32,755
Culture andRecreation:
Libraries 110,197 3,854,444 458,058 -- ,422,699
Parks and Recreation 6,900,398 1,121, 31 344,028 8,365,457
Special Recreation Facilities 300,152 232,263 532,415
Other Culture and Recreation 8,300 9,779 899,740 917,819
Total Culture and Recreation 7,319,047 5,217,517 1,701-1826 14,2 8,390
Court Related:
General Administration -- -- 418,175 -- 418,175
Circuit Court-Criminal -- -- 218,962 218,962
circuit Court-Civil ®® -_ 3,029 3,029
Circuit Court-Juvenile -a -- 30,990 -® 30,990
General Operations 7, 1 ,79 2,055,166 9,270,961
County Court-Criminal -- -- 132,748 132,78
County Court-Civil -- 2,945 -- 2,95
Total Court Related -- 7,215,795 2,862,015 -- 10,077,610
Construction in Progress -- -- -- 1,337,040 1,3 7,040
Total 21,044,144 79,077,915 39,137,354 1,337,040 140,5 6,453
J-3
COUNTY,MONROE FLORIDA
SCHEDULE OF CHANGES IN GENERAL FIXEDASSETS
BY FUNCTION ACTIVITY
FOR THE FISCALYEAR ENDED SEPTEMBER ,
October , Transfers a to er 30,
1997 Additions Deductions In Out 1998
General Government:
Legislative 326,081 10,172 2,225 1,698 - 5,410 330,316
Executive 35,866 -- 525 1,818 -- 37,159
Financial &Administration 6,724,989 311,073 48,347 5, 59 3,041,113 4,542,061
Legal Counsel 52,861 21,189 -- -- -- 74,050
Comprehensive Planning 1,6 8,668 382,854 3,461 -- -- 2,06 ,061
Judicial 1, 5 ,650 -- -- -- 1,55 ,6 --
Other General Government 1 ,89,41 6,667,628 35,460 274,038 5,253,166 20, 92,441
Total General Government 29,223,516 7,392,916 90,018 873,013 9,855,33927,544,088
Public Safety:
Law Enforcement 15, 3,386 1,442,496 2,516,322 -- -- 14,009,560
Fire Control 11,6 0,452 95,789 5,583 15,589 11,786,247
Detention/Correction 49,340,397 32,891 -- -- 49,373,288
Protective Inspections 95,723 16, 28 7,194 1,1 -- 226,610
Emergency &Disaster Relief 391,181 52,529 9,027 564 8,792 426,455
Ambulance& Rescue Service 2,307,639 43,925168,463 3,324 64,757 2,121,668
Medical Examiner 33,216 -- -- -- -- 33,216
Other Public Safety -- 1,771 -- -- -- 1,771
Total Public Safety 78,931,994 1,806,329 2,706,58920,630 73,549 77,978,815
Physical Environment:
Garbage/Solid Waste 115,67 -- -- -- 115,674
Conservation&Resource Mgmt 14,66 11,788 977 -- -- 115,507
Other Physical Environment 3,511 1,419 -- -- -- 4,930
Total Physical Environment 223,881 13, 7 977 -- -- 236,111
Transportation:
Road and Street Facilities 3,151,950 378,838114,452 -- 21,783 3,34,553
Parking Facilities 799,963 -- - -- -- 799,963
Total Transportation: 3,951,913 378,838 11 ,452 -- 21,783 4,194,516
Economic Environment:
Employment Development 14,363 3,341 -- -- -- 17,70
Industry Development 476,635 33, 77 3,215 -- -- 507,397
Veteran's Services 27,106 2,704 2,961 2,046 -- 28,895
Other Economic Environm 2,932 -- -- -- ®- 2,932
Total Economic Environmen 521,036 40,022 6,176 2,046 556,928
J-4 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE F CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION ACTIVITY-CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER ,
October 1, Transfers Sa tem er 30,
1997 Additions Deductions In Out 1998
Human Services:
Hospitals 192,383 34,140 158,243
Health 2,77 70 36,156 9,858 -- -- 2,797,168
Welfare 1,333,902 105,260 11,214 22,514 957 1,4 9,505
Other -- 27,839 -- - -- 27, 39
Total Human Services 4,297,155 169,255 55,212 22,514 97 4,432,755
Culture and Recreation:
Libraries 4,209,301 211,603 1,795 4,422,699
Parks and Recreation 8,327,767 13,389 24,301 -- 8,365,457
Special Recreation Facilities 532,415 532,415
Other Culture and Recreation 914,304 3,515_ -- -- -- 917,819
Total Culture and Recreatio 13, 3,787 228,507 -- ,0 6 -- 14,238,390
Court elated:
General Administration -- 22,863 1 415,900 14, 37 418,175
Circuit Court-Criminal 24,211 1,400 196,822 671 21 ,962
Circuit Court-Civil -- 3, 9 - - -- 3,029
Circuit Court-Juvenile -- 502 -- 30,488 -- 30,990
General Operations 49,560 957,563 8,263,838 ®- 9,270,961
County Court-Criminal 594 16,665 -- 115,489 132,748
County Court-Civil 2, -® ®- -- -- 2,945
Total Court Related 53,099 1,024,8337,451 9,022,537 15,208 10,077,810
Construction in Progress 7,264,735 2,041,328 7,969,023 -® -- 1,3 7,040
Total 13 ,451,116 13,095,235 10,949,898 9,966,836 9,966,836 140,596,453
J-5
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MONROE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERALLONG-TERM T
FOR THE FISCAL Y T30, 1998
Balance Balance
October 1, September 30,
1997 Additions Retirements 1998
General Long-Term Debt Payable:
Revenue Bonds Payable:
Refunding Improvement
Bonds - Series 1993 (63) $ 390,000 -- 190,000 $ 200,000
Refunding Improvement
Bonds- Series 1993 (66) 5,975,000 385,000 5,590,000
Sales Tax Bonds -
Series 1991 27,2 , 00 -- 20,14 ,000 7,100,000
Sales Tax Refunding
Bonds- Series 196 -- 17, 05,000 -- 17,505,000
Total Revenue Bonds Payable 33,605,000 17,505,000 20,715,000 30,395,000
Florida LocalGovernment Finance
Commission Loan 450,000 ®- 450,000
Capital Lease Obligations:
Sheriff 136,73 ,67 125,576 9,834
Accrued Compensated Absences:
Board of County Commissioners 1,61 ,072 167,668 1,780,740
Tax Collector 55,663 14,784 70,667
Property Appraiser 125,818 -- 18,975 106,643
Supervisor of Elections 27,032 27,032
Sheriff 2,169, 73 74, 00 517 2,23,156
Total Accrued Compensated
Absences 3,964,246 283,684 19,492 4,228,433
Total General Long-Term
Debt Payable 37,707,980 $ 18,295,360 20,860,06835,143,272
J-6
MONROE COUNTY, FLORIDA
REVENUE BOND AND REVENUE REFUNDING
BOND ISSUES DESCRIPTION
SEPTEMBER 30, 1998
Refunding Bonds Refunding Bonds
Series 1993 (83) Series 1993 (88)
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, 1998 985,000 1,640;000
Balance outstanding
September 30, 1998 $200,000 $5;590,000
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: 4.75% Maturities 1999 4.10% Maturities 1998
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)
COUNTY,MONROE
FLORIDA
REFUNDINGREVENUE BOND AND REVENUE
BOND ISSUES - DESCRIPTION CONTINUED
SEPTEMBER 30, 1998
Sales Tax Revenue Sales Tax Refunding
Bonds -Series 1991 Bonds ®Series 1998
Original authorization $43,500,000 $17, 05,000
Unissued 1,085,000 --
Issued 42,415,000 17,505,000
Retirements through
September 30, 1990 35,315,000 --
glance outstanding
September 30, ,1998 $7,100,000 $17,505,000
Date of issue October 1, 1` 91 January 1, 1998
Maturity range 19 - 000 1999- 004
Principal payment date April 1 Aril 1
Interest payment dates April - October April- October
Denominations $5,000 $5,000
Interest rates: 5.7 % Maturities 1999 4.25% Maturities 199
. 0%o Maturities 2000 4. 5% Maturities 2000
3.7 % Maturities 2001
.75% Maturities 2002
3. 0% Maturities 200
. 7 %a Maturities 2004
Effective interest cost rate 5. %a 3.77%
Call feature 199- 0 101 /
2000 Maturity 100
Paying agent First Florida Bank, N.A. SouthTrust Bank, N.A.
Tampa Florida Ft.Lauderdale, FL
J-8
MONROE COUNTY, FLORIDA
SCHEDULE OF DEBT SERVICE REQUIREMENTS
SEPTEMBER 30, 1998
Refunding Bonds -.Series 1993 (83)
Bond Year
Ending Total
July 1 Principal Interest Debt Service
1999 $ 200,000 $ 9,500 $ 209,500.00
Refunding nSeries - 1 ( )
Bond Year
EndingTotal
December 1 Principal Interest Debt Service
1998 400,000 $ 268,470 $ 668,470
1999 420,000 252,070 672,070
000 435,000 234,010 69,010
2001 455,000 214,435 669,435
2002 475,000 1 ,050, 668,050
003 500,000 170,250 670,250
2004 525,000 145,250 670,250
2005 55 ,000 119,000 69,000
2006 580,000 91, 0 671,500
2007 610,000 62,500. 672,500
2008 60,000 32,000 672,000
5,59 , 00 $ 1,782,535 7,372,535
Sales Tax Revenue Bonds Series 1991
Fiscal Total
Year Principal Interest Debt Service
1999 8,450,000 10, 2 3,760,02
2000 3,650,000 105,850 3,75 , 50
7L10, 00 $ 415, 7 7,51 , 75
J-9 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULET SERVICE REQUIREMENTSCONTINUED
SEPTEMBER 30, 1998
Sales-Tax Refunding Bonds - Series 1998
Fiscal Total
Year Principal Interest Debt Service
1999 $ 180,000 662,274 $ 842,274
2000 185,000 654,518 839,518
2001 4,055,000 574,555 4,629,555
202 4,200,000 419,774 4,619,77
2003 4,360,000 258,184 4,618,184
004 4,525,000 87,672 ,612,672
$ 17, 5, 00 $ 2,656,977 ,161,977
Floridac I Government Finance Commission Loan
Fiscal Total
Year Principal Interest Debt Service
1999 $ 50,000 22,292 $ 72,292
2000 200,000 16,666 216,666
01 200,000 9,167 209,167
50,000 48,125 498,125
Interest is calculated at 5.0 % since this loan is based on the blended market rate of
commercial paper.
J-10
THIS PAGE INTENTIONALLY LEFT BLANK
STATISTICAL SECTION
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
• Monroe County School Board
• Monroe County Supervisor of Elections
• Monroe County Sheriffs Department
* U.S. Bureau of the Census
• Florida Banker's Association
• Department of Natural Resources, Bureau of Park Planning
*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
MONROE COUNTY, FLORIDA
GENERAL GOVERNMENT EXPENDITURES BY FUNCTION
FOR LAST TEN FISCAL YEARS
FISCAL GENERAL PUBLIC PHYSICAL TRANS ECONOMIC
YEAR GOVERNMENT SAFETY ENVIRONMENT PORTATION ENVIRONMENT
1989 $ 15,767,785 $ 22,356,972 $ 240,970 $ 6,426,753 $ 5,066,351
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 21,004,358 561'691,835 2,299,807 4,507,675 10,747,966
*Includes expenditures in General, Special Revenue, Debt Service and Expendable Trust Fund
Types. Excludes Housing Finance Authority, Discrete Component Unit.
K-1
HUMAN CULTURE AND COURT DEBT
SERVICES RECREATIONL VI TOTAL*
,763,859 2,342,247 -® 705,704 7,690,641
4,862,131 2,384,354 -- 1,09 ,596 65,069,462
5,186,247 2,66 ,706 - 1,270,761 72,222,511
5,3 9,346 2,971,243 ®® ,657,447 79,987,426
5,71 ,60 2,3 ,014 -- 7, 37,236 63,070,774
9,787,823 2,757,703 4,627,836 92,51 , 01
,57 ,627 2,703,504 6,8 ,070 102,7 0,553
5,769,102 4,332,830 5,777,227 102,080,617
5,6 2,25 3,67, 64 -- 5,971, 19 10 , 60,477
6,237,775 3,70,300 6,615,544 5,865,981 117,691,21
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
1989 $ 37,938,385" $ 2,052,940 $ 18,570,790 $ 3,365,050
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 2,481,7168 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
*Includes revenues in General, Special Revenue, Debt Service and Expendable Trust Fund
Types. Excludes Housing Finance Authority, Discrete Component Unit.
K-3
FINES AND INVESTMENT MISCEL-
FORFEITURES MI -
FORFEITURES INCOME LANEOUS TOTAL*
1,906,987 3,616,15 2,131,29 6 , 81,576
2,153,152 3,935,207 1,501,256 72,832,522
2,099,284 ,8 5,0 8 2,300,275 76,540,860
2,218,317 3,093,779 2,026,446 79,253,634
2,214,505 2,314,117 1,823,814 5,070,761
2,955,435 2,558,970 2,200,160 88,584,026
2, 86, 60 4,018,259 4,245,450 99,339, 4
2,807,175 5,266,515 ,60 ,88 111,64,449
4,420,14 5,6 6,786 2,388,447 117,95 ,158
3,094,869 ,32 ,7 7 3,471,378 126,42 , 16
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
1989 $ 31,055,120 $ 29,950,942 96.4
1990 34,489,127 331,259,628 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
Property tax levies, based on assessed values as of January 1 st, become due and payable on
November 1 st 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 1st 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 September30, 1998;
Source: Monroe County Tax Collector
K-5
MONROE COUNTY, FLORIDA
ASSESSED AND ESTIMATED TAXABLE
FOR LAST TEN FISCALY
REAL PROPERTY PERSONAL PROPERTY TOTAL
YEAR ASSESSED VALUEVALUE
1989 4,208,231,293 $ 261,996,2494,470,227,542
190 5,129,539,812 284,929,021 5, 14, 68,83
1991 , 1 ,223,5 1 299,565,576 5,915,789,167
1992 6,1 5,74 13 305,062,159 6,44 , 07,572
1993 6,205,863,228 310,418,6546,516,281,882
1994 6,140,09,454 318, 8 ,98 6,458,310, 39
1995 6,601,604,418 338,856,309 , 0,460,77
1996 6,856,274,547 360,857,198 7,217,131,745
1997 6,970,972,120 355,3 8,93 7,326,361,05
1998 7, 13,987,881 341,038,010 7,855,025,891
Assessed values used are net taxable values after deducting allowable statutory exemptions.
Property is assessed as of January 1st and taxes based on those assessments are levied and
become due on the following November 1 st. Therefore, assessments and levies applicable to a
certain tax year are collected in the fiscal year en i during 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 esti to actual value is 10 % for each tax year.
Source: Monroe County Property raiser
MONROE COUNTY, FLORIDA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
FOR LAST TEN FISCAL YEARS
FISCAL PROPERTY BANK
YEAR VALUE* CONSTRUCTION DEPOSITS**
1989 $ 2,974,503,658 $ 110,925,817 $ 892,242,000
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 4,957,0411,364 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
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 OVERLAPPING
LAST T FISCAL YEARS
TAX RATES( ILL )
COUNTY*SCHOOLBOARD
TAX YEAR OPERATINGT SERVICE OPERATINGT SERVICE OTHER" TOTAL
1989 6.4570 -® 6.3713 -- 1.1650 13.9933
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
196 6.2530 -- 6.057 -- 1.348 13.6867
1997 5.9021 -- 5.8089 -- 1.585 13.2960
1998 6.0730 -- 5.534 -® 1.6391 13.2475
Property is assessed as of January 1 st 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 1st: 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.
County millae 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
1998 FISCAL PERCENTAGE
ASSESSED YEAR TAXES OFTOTAL
TAXPAYER" VALUE* COLLECTED" COLLECTED'
1. Southern Bell $ 66,654,713 9 , 40 0.77%
2. Casa Marina 42,662,547 754,418 0.58%
3. Hilton Resorts & Marina 2 ,816,845 501,185 0.38%
4. Holiday Inn Key West 21,539,524 367,557 0. 8%
. Cheeca Lode 2 , 17,911 359,657 0.2 %
6. Sheraton Suites 20,271,798 348,554 0.27%
7. The Reach 19,840,108 4,19 0. 6%
8. Southernmost Beach LP 18,577,743 316,874 0.24%
. Pier House 18,480,949 ,57 0.24%
10. Hyatt Key West 17,995,812 304,013 0.23%
79, 57,90 4,55,971 3. 3%
Source: Monroe County Property Appraiser
** Monroe County Tax Collector
K-9
MONROE COUNTY, FLORIDA
RATIO
TO ASSESSED VALUE AND NET BONDED T PER CAPITA
FOR T TEN FISCALY
GROSS T
ASSESSED BONDED SERVICE
YEAR POPULATION* " T FUNDS
1989 7 ,780 4,470,27,542 -- --
1990 78,024 5,414,468,833 -- --
191 79,536 5, 15,78 ,167 -- --
192 80,968 6, 40,807,57 -- -
193 81,766 6,516,281,882 -- --
1994 81,796 6, 58,310,439 -- --
1995 81,850 6,9 0,460,727 -- --
1996 80,730 7,217,131,745 -- --
1997 81,919 7,326,361,058 -- __
1998 85,646 7,513,987,881 -- --
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 Property Appraiser
K-10
MONROE COUNTY, FLORIDA
COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT
SEPTEMBER 30, 1998
PERCENTAGE
APPLICABLE TO THIS OVERLAPPING
GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT
Monroe County, Florida $ -- -- $ --
School Bonds* 3,125,000 100 % 3,125,000
Monroe County does not have outstanding general obligation debt funded by ad valorem taxes.
The School Board's fiscal year ends June 30, 1998.
Source: * Monroe County School Board
K-11
MONROE COUNTY, FLORIDA
RATIOI
DEBT TO TOTALIT
FOR T TEN FISCAL
RATIO
SERVICE T
OTHER TOTAL GENERAL GENERAL
FISCALT DEBT GOVERNMENT GOVERNMENT
YEAR PRINCIPAL INTEREST SERVICEICE* EXPENDITURES EXPENDITURES
1989 $ 30,000 394,703 281,001 705,704 $ 57,690,641 1. 2%
1990 215,000 688,139 195,457 1,098,596 65,069,462 1.6 %
1991 230,000 674,514 366,247 1,270,761 72,22 ,511 1.76%
1992 1,380,000 2,949,256 328,191 4,657,447 79,987,426 5. 2%
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, 36 92,519,401 5.00%
1995 3,315,000 3,407,870 165,200 6,88 ,070 102,7 0,553 6.70%
1996 3,475,000 2,19 ,015 104,212 5,777,227 102,0 0,617 5.66%
1997 3,6 5,000 2,014,990 01,02 5,971,019 109,460,479 5. 6%
1998 3,845,000 1,298,096 722,885 5,865,981 117,691, 41 4.99%
Debt Service includes prin cipal and interest on general obligation bonds, revenue bonds, bond
anticipation notes and other ton and notes payable.
* Interest includes fiscal charges.
-1
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
1989 $ 9,571,847 $ 6,770,541 $ 2,801,306 $ 300,000 $ 589,993 $ 889,993 3.15
1990 11,2951582 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 16,094,726 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
*"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.
**"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, 1998
INSURANCE COMPANY POLICY PERIOD
Safety National 10/01/97-98
Insurance Company of North America 07/26/97-98, 07/01/97-98
Jahn Alden Life Insurance Company 10/01/97-98
Vincam; Managed Care 11/01/97-10/98
Insurance Servicing and Adjusting Company 10/01/97-09/98
Bankers Insurance Company 04/03/98-99, 06/18/98-99, 11/13/97-98
02/22/98-99, 05/18/98-99, 01/29/98-99
0 /01/98-99, 10/11/98-99, 08/05/98-99
09/24/9 -99, 07/1 /98-99, 09/20/97-98
Florida Municipal Insurance Trust 10/01/97-98,.10/01/97-98
Colony Insurance Company 04/16/98-99
Essex Insurance Company 05/01/98-9
Hartford AID&D 10/01/ 7-98
Great American Insurance Company 07/27/98-99
United Capitol Insurance Company 0 /12/98-03
Coregis Insurance Company 12/20/ 7-98
The Connecticut Indemnity Company 10/01/07-98
Insurance Company of North America 07/01/98-99
General Accident Insurance Company 09/16/98-99
Florida Windstorm Underwriting Association 04/11/98-99
Hartford Steam Boiler Inspection & Insurance Company 10/01/97-98
Omaha Property Casualty 0 /20/98-99, 08/24/98-99
American International Specialty Lines Insurance Company 07/10/96-99
Royal Surplus Lines Insurance Company 04/01/98-04199
Florida Sheriffs Self-Insurance Fund 10/01/97-98
K-1
MONROE COUNTY, L
SCHEDULE OF INSURANCE E IE
SEPTEMBER , 18
EXPIRATION ANNUAL
AGENCYT PREMIUM
Arthur J. Gallagher&Co. 03/13/98 25,000
07/27/99 53,624
Acordia National 06/30/99 210,770
Porter Allen Insurance Company 10/11/98 2,075
11/13/98 1,252
11/19/98 579
01/29/99 1,530
02/22/99 310
04/30/99 22,713
05/18/99 1,801
06/18/99 609
06/27/99 4,558
07/19/99 2,428
07/19/99 766
08/01/99 14,442
0 /05/99 1,878
09/16/99 11,231
0 /20/99 5,983
09/24/99 1,751
The Johnson's Insurance Agency 02/20/99 1,912
04/11/99 194,336
08/24/99 3,150
Florida League of Cities 10/01/98 105,246
10/01/98 12,721
-10/01/98 82,017
12/20198 9,673
04/16/98 3,000
05/01/99 2,275
The CIMA Companies,Inc. 07/01/99 1,044
John Alden Life Insurance 09/30/98 858,138
Edison Insurance Group 09/30/98 41,043
09/30/98 242
Hunt Insurance Group, Inc. 09/30/98 25,000
The Plastridge Agency, Inc. 02/12/03 37,667
10/01/99 42,430
Sedick James of Fla., Inc. 04/01/99 182,50
K-15
MONROECOUNTY, FLORIDA
SALARIESTY BONDS OF PRINCIPALOFFICIALS
SEPTEMBER 30, 1998
ANNUAL AMOUNT OF
NAME AND TITLE OF OFFICIAL SALARY SURETY
Jack London - Chairman, Board of County Commissioners 34,215 $ 2,000
Shirley,,Free - Member, Board of County Commissioners 34,215 2,000
Keith Douglass - Member, Board of County Commissioners 34,215 5,000
ilhelmina Harvey - Member, Board of County Commissioners 34,215 2,000
Mary Kay Reich - Member, Board of County Commissioners 34,215 2,000
Danny L. Kolha e - Clerk of Circuit Court and Chief Financial Officer 64,311 5,000
Richard D. Roth - Sheriff 95,331 15,000
Harry L. Sawyer, Jr. - Supervisor of Elections 72,782 5,000
Ervin A. Higgs- Property Appraiser 84,311 10,000
Harry F. Knight Tax Collector 84,311 50,000
James Roberts - County Administrator 111, --
K-16
MONROE COUNTY,FLORIDA
DEMOGRAPHIC STATISTICAL DATA
LAST TEN YEARS
SCHOOL UNEMPLOYMENT
PER CAPITA ENROLLMENT RATE
YEAR POPULATION (1) INCOME (1) (2) PERCENTAGE (3)
1989 76,780 $ 19,003 8,198 2.5
1990 78,024 20,155 8,490 3.1
1991 79,536 20,206 8,338 4.8
1992 80,968 NA 8,862 8.5
1993 81,766 NA 8,789 3.6
1994 81,796 NA 9,140 3.9
1995 81,850 NA 9,328 3.9
1996 80,730 NA 9,422 2.9
1997 81;919 NA 9,529 2.5
1998 85,646 NA 9,213 2.7
NA- Data Not Currently Available
Sources:
(1) U.S. Bureau of the Census
(2) Monroe County School Board
(3) Florida Department of Labor and Employment Security
K-17
MONROE COUNTY, FLORIDA
MISCELLANEOUST TI TI L DATA
SEPTEMBER 30, 1998
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 establishedEDUCATION:
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 29
Present area: 1,875.54 square miles Number of Teachers 590
Source: Monroe County School Board
POPULATION:
Date Residents Increase % EMPLOYEES:
1989 76,780 Propertyraiser 42
1990 78,024 1. 2% Tax Collector 53
1991 79,536 1.94% Board of County Commissioners 667
1992 80,968 T. % Clerk of Circuit Court 102
13 81,766 0.99% Supervisor of Elections 12
1994 81,796 0.04% Sheriff 536
1995 81,850 0. 7% Land Authority 2
1996 80,730 -1. 7%
1997 81,919 1.47%
1998 , . 5% AMBULANCE SERVICE:
Number of vehicles 16
Number of employees 52
Source: U.S. Bureau of the Census Number of volunteers 33
K-18, (Continued)
MONROE COUNTY, FLORIDA
MISCELLANEOUS STATISTICAL DATA-CONTINUED
SEPTEMBER 30, 1998
HEALTH CARE: POLICE PROTECTION:
Medical Facilities Number of Beds Number of stations 4
Lower Keys Health Systems- Number of employees:
Florida Keys Memorial Hospital 118 Certified Law Enforcement 185
DePoo Hospital 49 Support Personnel 173
Fisherman's Hospital 58 Certified Corrections 178
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 11 Library Facilities 5
Number of volunteers 205 Library Holdings 148,139
K-19