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Fiscal Year 1991 C. a „r t �F t, 4flu t+ t t ££+t t 4( 1+} Y Y' t_. {d tq t. b' 41£', y �F MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER 309 1991 TARYN L. MEDINA FINANCE DIRECTOR PREPARED BY: THE CLERK OF CIRCUIT COURT FINANCE DEPARTMENT COVER PHOTO COURTESY MONROE COUNTY TOURIST DEVELOPMENT COUNCIL PHOTOGRAPHER: GEORGE CONTORAKES ONROE COUNTY, FLORIDA COUNTY OFFICIALS WILHELMINA HARVEY CHAIRMAN DOUGLASJONES COMMISSIONERCOMMISSIONER EARL CHEAL JOHN STORMONT COMMISSIONER COMMISSIONER COURTCOUNTY ADMINISTRATOR CLERK OF THE AND CHIEF FINANCIAL NCIAL MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30,1991 TABLE OF CONTENTS INTRODUCTORY SECTION PAGE Certificate of Achievement for Excellence in Financial Reporting........................................................... A-1 Transmittal Letter of the Clerk of the Circuit Court.... ............................................................................ A-2 OrganizationalChart............. ........................................................ ...................................................- A-14 FINANCIAL SECTION Independent Auditors' Reports... ........................ ............................................................................. B-1 COMBINED FINANCIAL STATEMENTS GENERAL PURPOSE FINANCIAL STATEMENTS: Combined Balance Sheet- All Fund Types and Account Groups,.......--....... ....... ............................— C-1 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental and Types and Expendable Trust Funds.............................................................. 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- All Proprietary Fund Types....... ................--.....--...... ................. ...... ............ ............... C-1 1 Combined Statement of Cash Flows -All Proprietary Fund Types............---....... ...... ... C-1 2 Notes to Combined Financial Statements...... ...... ........... ......... .......... ....... ............. ...... C-1 4 COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GOVERNMENTAL FUND TYPES: General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual,.............. D-1 Special Revenue Funds CombiningBalance Sheet................................................. ......................... ...... ............................ .... E-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balance................................... E-8 Statements and Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Act Fineand Forfeiture.... ...............................--.......—...----................... ........................................ E-15 Roadand Bridge.............. ............. ............ ................................. .....--... ........................... E-1 6 LawLibrary..........................................................—............................ ......... ....................- .... E-17 Tourist Development, Two Cent, District One.......................................................... ........................ E-18 Tourist Development, Two Cent, District Two......... ...—............. ...... ...... .................. ............... E-1 9 Tourist Development, Two Cent, District Three......... ........... ........--............... ...... ............. E-20 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1991 TABLE OF CONTENTS -CONTINUED PAGE Tourist Development, Two Cent, District our.................................................................................. E-21 Tourist Development, Two Cent, District Five.................................................... ............................... E-22 Tourist Development, Two Cent, Administrative and Promotion......................................................... E-23 Tourist Development, Three Cent, District One................................ ........................................ ....... E-24 Tourist Development, Three Cent, District Two................................................................... ........ E-25 Tourist Development, Three Cent, District Three............................................................................. E-26 Tourist Development, Three Cent, District Four............................................................................... E-27 Tourist Development, Three Cent, District Five................................................................................. E-28 Fire and Ambulance, District#1, Lower and Middle Keys.................................................................. E-29 Fire and Ambulance, District #5, Tavernier........................................................................................ E-30 Fire and Ambulance, District#6, Key Largo...................................... ................................................ E-31 Translator System Service District................... ........................................................... .................... E-32 Special Road District-Cross Key Waterway Estates........................................................................ E-33 Mariners Hospital District.......................................................................................... ................. .... E-34 Unincorporated Area Service District - Planning, Building and Zoning............................................... E-35 Unincorporated Area Service District- Parks and Recreation........................................................... E-37 ImpactFees- Roadways..... ...................................................................................... .................... E-38 Impact Fees- Parks and Recreation................................................ ............................. .......... ...... E-39 ImpactFees- Libraries.......... .............................................. .................. ....... .............................. E-40 ImpactFees-Solid Waste............ ........................................................................... ...................... E-41 Impact Fees Police Facilities.......................................................................... .............................. E-42 Upper Keys Health Care Special Taxing District............... ................................................... ........... E-43 Comprehensive Plan Land Authority...................... .............. ................... ................ ............... E-44 Debt Service Funds CombiningBalance Sheet................ ....................................... ........................ ....................... ........ F-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.................................. F-2 Combining Statement of Revenues, Expenditures and Changes in Fund Balances- Budgetand Actual .... ............ ............................................. ................................. ......................- F-3 Capital Project Funds CombiningBalance Sheet................................................................................................... ................ G-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.................................. G-3 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Budgetand Actual...............-..................................... ................................ .............................-.— G-5 PROPRIETARY FUND TYPES: Ente[p[jag_Funds CombiningBalance Sheet......................................... ........................................ ......................... ... H-1 Combining Statement of Revenues, Expenses and Changes in Fund Equity........................................... H-3 Combining Statement of Cash Flows................................................................................ .................... H-4 PAGE Schedule of Expenditures - Budget and Actual: Municipal Service District Waste................. ........_....... ..................... ........ ........... .............. H-6 CardSound Bridge...................................... ............................................. ....... .................... H-7 Refunding Improvement Revenue Bonds- Series 1991 - Description... .................. ............................. H-8 Refunding Improvement Revenue Bonds- Series 1991 - Debt Requirements to Maturity....................... H-9 Internal Service Funds Combining Balance Sheet................................ ......................................... ...... .................. ........__ H-10 Combining Statement of Revenues, Expenses and Changes in Fund Equity........................................... H-1 1 Combining Statement of Cash Flows...................................-.......................... ..................................... H-1 2 Schedule of Expenditures- Budget and Actual Worker's Compensation Fund.................................... ............................... ...................... .............. H-14 Group Insurance Fund................................................_... .............................................................. H-1 5 isManagement Fund........ ................................ ........................................................ ................ H-1 6 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Trust and Aaencv Funds CombiningBalance Sheet........................................___....... ........................ .......____.......... Combining Statement of Revenues, Expenditures and Changes in Fund Balances- ExpendableTrust Funds..... ...................................... ................... ........................ ....................... 1-3 Combining Statement of Changes in Assets and Liabilities - All Agency Funds...... ............_..... .......... 1- State ents of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Law Enforcement Trust ...... ............ ... 1-7 DrugAbuse Trust..... ............ ....................................... ........................ ........ ........................... 1- Share County and State Health Care Program............. ........ ....... ................................................ 1- CourtFacilities Fees................................... ................. .................................................... .... 1-10 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 Lono-Term Debt Account Group Schedule of Changes in General Long-Term Debt......... ....... ............................................ ........ J-6 Refunding Improvement Revenue Bonds- Series 1983 - Description................... ........... .........._... J-7 Refunding Improvement Revenue Bonds- Series 1983 - Debt Requirements to Maturity....................... J-8 Improvement Revenue Bonds- Series 1988 A - Description.,........... ............................ ...................... J-9 Improvement Revenue Bonds- Series 1988 A - Debt Requirements to Maturity.... ............. ........... J-1 0 Improvement Revenue Bonds -Series 1988 B - Description........................................... ................... J-1 1 Improvement Revenue Bonds - Series 1988 8 - Debt Requirements to Maturity...............................__ J-1 2 Sales Tax and Anticipation Notes, Series 1990 - Description.......................... .......... ........................ J-1 3 Sales Tax Bond Anticipation Notes, Series 1990 - Debt Requirements to Maturity.................................. J-14 STATISTICAL SECTION General Fund Statistical Data General Government Expenditures by Function...... .................. ....................... ...........__ K-1 General Government Revenue by Source......... ......... ............ ........................... ........................... K-3 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1990 TABLE OF CONTENTS -CONTINUED PAGE Tax Related Statistical Data Property Tax Levies and Collections...................................................................................................... K-5 Assessed and Estimated Actual Value of Taxable Property.......................................... ......................... K-6 Property Value, Construction and Bank Deposits................................................................................... K-7 Property Tax Rates- Direct and Overlapping Governments................................................................... K-8 PrincipalTaxpayers.............................................................................................................................. K-9 Debt Related Statistical Data Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita........................ K-1 0 Computation of Direct Underlying and Overlapping Debt....................................................................... K-1 1 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General GovernmentExpenditures.................................................................. ............................................... K-1 2 Schedule of Revenue on Coverage - Municipal Service District Waste............................................... K-1 3 General Statistical Data Schedule of Insurance Companies........................................................................................................ K-1 4 Schedule of Insurance Agencies............................... ........................................................................... K-1 5 Salaries and Surety Bonds of Principal Officials..................................................................................... K-1 6 Demographic Statistical Data....... ........................................................................................................ K-1 7 Miscellaneous Statistical Data.............................................................................................................. K-1 8 SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES Independent Auditors' Report on Supplemental Schedules of Federal and State Financial Assistance...... L-1 Schedule of Federal Financial Assistance........ ....................... .................... ................................ ....... L-2 Schedule of State Financial Assistance ..u....e........................................................................................ L-8 Notes to Schedules of Federal and State Financial Assistance............................................................... L-1 4 Independent Auditors' Report on Compliance with the General Requirements Applicable to Major and Non Major Federal Financial Assistance Programs........................................................ L-1 5 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Major Federal Financial Assistance Programs.......................................................... ................... L-1 6 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Non Major Federal Financial Assistance Programs....................................................................... L-1 7 Independent Auditors' Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs............................................................................................ L-1 8 Schedule of Findings and Questioned Costs............................................. ............................................ L-21 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1991 TABLE OF CONTENTS -CONTINUED PAGE Tax Related Statistical Data Property Tax Levies and Collections..................... .........-........... ................ ........................................ K-5 Assessed and Estimated Actual Value of Taxable Property................... ...... .................. ...................... K-6 Property Value, Construction and an Deposits........................................................................ .......... K-7 Property Tax Rates - Direct and Overlapping Governments......................................... ............. ........... K-8 PrincipalTaxpayers.......................... ................ ................................................. .......................... K-9 Debt Related StaListical Data Ratio of Net General one Debt to Assessed Value and Net Bonded Debt Per Capita......................... K-1 0 Computation of Direct Underlying and Overlapping Debt...I.... .............................................................. K-1 1 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Government Expenditures.......................................................... ......................... ......................... K-1 2 Schedule of Revenue and Coverage - Municipal Service District Waste.... ........ ........--..................... K-13 General Statistical Data Schedule of Insurance Companies...................... ..................................... ........................ ... K-14 Schedule of Insurance Agencies... ................. ......... .......... ............. ............ K-1 5 Salaries and Surety Bonds of Principal Officials...............-..... ... ............. .......... ....... ...... ........... K-1 6 Demographic Statistical Data.... ......................... .................. ........................ ....... ........-—- K-1 7 Miscellaneous Statistical Data.... ................----..... ........................... ......................... ........ ..... K-1 8 SINGLE AUDITIGRANTS COMPLIANCE SCHEDULES Independent Auditors' Report on Supplemental Schedules of Federal and State Financial Assistance...... L-1 Schedule of Federal Financial Assistance................. ...... ................ ........... .......... L-2 Schedule of State Financial Assistance........ ................................ ........ ............. --.......— L-8 Notes to Schedules of Federal and State Financial Assistance.... ............. ............... ........ ..... L-14 Independent Auditors' Report on Compliance with the General Requirements Applicable to Major and Non Major Federal Financial Assistance Programs..... ............... ......... ............... L-1 5 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Major Federal Financial Assistance Programs........... .............................. ....... ........................ L-16 Independent Auditors' Report on Compliance with Specific Requirements Applicable to on Major Federal Financial Assistance Programs........................................ ........ ................ L-1 7 Independent Auditors' Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs........... ..................... ...... ........—......... ........... ........... L-18 Schedule of Findings and Questioned Costs....... ......---............................. ...... .......... .............. L-21 PAGE Schedule of Expenditures- Budget and Actual: MunicipalService District Waste ......................... ........................................................................ H-6 CardSound Bridge............................... ............................................................. ............................ H-7 Refunding Improvement Revenue Bonds- Series 1991 - Description.................................................... H-8 Refunding Improvement Revenue Bonds - Series 1991 - Debt Requirements to Maturity....................... H-9 Internal Service Funds CombiningBalance Sheet.................................................................................................................... H-1 0 CrWnbining Statement of Revenues, Expenses and Changes in and Equity..... .........__...... ............_ H-1 1 C,jmbining Statement of Cash Flows............................................................................ .............. ......... H-1 2 Schedule of Expenditures- Budget and Actual Worker's Compensation Fund.......................................................................................................... H-14 GroupInsurance Fund....... ............................................................................................................ H-1 5 RiskManagement Fund................................................................................................................... H-1 6 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Trust and Agency Funds CombiningBalance Sheet............................................................................................. ................... 1-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - ExpendableTrust Funds................................ ................................... .................. .......................... 1- Co binin tatement of Changes in Assets and Liabilities- All Agency Funds..................... ...... .......... 1- Statements of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Law Enforcement Trust....... 1-7 DrugAbuse Trust................. .................. .................................... ......... ........................................... (- hared County and State Health Care Program.................................................................................. 1- CourtFacilities Fees............................................................... ............ .............................................. 1-10 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 Lona-Term Debt Account_Group Schedule of Changes in General Long-Term Debt................................................................................ J-6 Refunding Improvement Revenue Bonds- Series 1983 - Description.................................. ...... .......... J-7 Refunding Improvement Revenue Bonds- Series 1983 - Debt Requirements to Maturity....................... J-8 Improvement Revenue Bonds- Series 1988 A - Description.................................. ................ .......... J-9 Improvement Revenue Bonds - Series 1988 A- Debt Requirements to Maturity..... ..._....................... J-1 0 Improvement Revenue Bonds- Series 1988 8 - Description................................................................. J-1 1 Improvement Revenue Bonds - Series 1988 8 - Debt Requirements to Maturity.................................... J-1 2 Sales Tax and Anticipation Notes, Series 1990- Description............................................................... J-1 3 Sales Tax on Anticipation Notes, Series 1990 - Debt Requirements to Maturity................................- J-14 STATISTICAL SECTION General Fund Statistical Data General Government Expenditures by Function.... ........................................... .................................... K-1 General Government Revenue by Source................. ........................ ..................... ................. K- (Continued) nj7 Certificate of Achievement for Excellence in Financiai Reporting Presented to Monroe County, Florida For its Comprehensive Annual Financial Report forte Fiscal Year Ended September 30, 1990 A Certificate of Achievement for Excellence in Financial Reporting is Presented by the Government Financial Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) achieve the highest standards in government accounting and financial reporting. 'fficE OFFICg OF THE STATES AND IIIA'A Co...A".. President a CHICAGa Executive Director tl� flg,..O€9NTY -, . BRANCH OFFICE CLERK OF TFIE CIRCUIT COURT BRANCH OFFICE 31.17 OVERSEAS HIGHWAY MONROECOUNTY P.O BOX 379 MARATHON, FLORIDA 33050 500 WHITEII_AD STREET PLANTATION KEY, FLORIDA.3 070 TEL. (305) 743 9036 KEY WEST, FLORIDA 33040 TEL, (30)852-9253 TEE. (305)294-464I March 27, 1992 The Honorable Wilhelmina Harvey Chairman, Board of CountyCommissioners Monroe County, Florida Dear s® Harvey: We are pleased to present to you, the Board of County Commissioners, and the citizens o Monroe County, the Comprehensive Annual Financial Report of Monroe County, for the fiscal year ended September 30, 1991. This report was prepared y the Finance Department oft e Clerk of the Circuit Court. The accompanying financial statements an statistical tables were prepared in conformance with standards set forth by: 1. The Government Accounting Standards Board 2. The American Instituteof Certified Public Accountants an its Committee on Governmental Accountingand Auditing 3. The State Auditor, State of Florida 4. The Government Finance Officers Association of the United States and Canada Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosure, rests with the Clerk of the Circuit Court as Chief Financial Officerof Monroe County. We believe the data as presented is accurate in all material aspects; tat 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 variousfunds; and that all disclosures necessary to enable the reader to gain a comprehensive understanding of the oun 's financial activity have been included. e report contains four main sections: introductory, financial, statistical and single audit. The introductory section which consists of this transmittal letter and the Conn 's organizational chart is designed to give the reader of the financial report some basic background about the County and its financial position. The financial section includes the general purpose, combining and individual fund and account group financial statements and m2 schedules, as well as the independent auditor's opinion on the financial statements and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. The single audit portion of the CAFR is required under the provisions of the Single Audit Act of 1984 and the U.S. Office of Management and Budget Circular A-128, Audits of State and Local Govermnents. The Single Audit Act has allowed us to use our existing independent accounting firm to audit all grants, thereby eliminating the need to hire auditors for each separate grant. IBBJ1EEQRI1NfLf,N= Monroe County is a non-charter county established under the Constitution and the laws of the State of Florida. This Comprehensive Annual Financial Report includes all the operations oft County as a goverrunental unit over which the Board of County Commissioners exercises significant oversight responsibility. The criteria utilized to determine oversight responsibility includes financial interdependency, designation of management, ability to significantly influence operations, accountability for fiscal matters, scope of public service, budgeting authority, and taxing authority. Accordingly, this report includes the operations oft Board of County Commissioners which also encompasses the Monroe County Municipal Service District-Waste and the Monroe County Tourist Development Council, the Clerk oft Circuit Court,the Property Appraiser, the Supervisor of Elections, the Sheriffs Office, the Tax Collector, and the Monroe County Comprehensive Plan Land Authority. However, the Monroe County School Board, the Monroe County Mosquito Control District, and the Monroe County Housing Authority have not met the established criteria for inclusion in the reporting entity and, accordingly, are excluded from this report. LQCAL_ELQND_M_1_C_EVENTS Monroe County was constitutionally formed in 1823. It is comprised of subtropical islands connected to the mainland by a series of 42 bridges. The county seat, Key West, is approximately 150 miles southwest of is Cuba lies 90 miles tot south of Key West. While the economic growth oft last decade has slowed,the economic outlook for Monroe County remains optimistic. Since 1982, property values have risen from $1.5 billion to over $4 billion. Construction has increased from nearly $47 million to nearly $123 million and bank deposits have essentially quadrupled. Tourism has been responsible for substantial economic growth over the last twenty years. Not unlike the rest of the Nation, Desert Storm had a significant impact on the traditional high season market. The Keys rebounded very quickly with convenience in travel, its relaxed environment and temperate climate in primary factors contributing tot overall popularity among visitors. Potential visitors calling the Floridas Keys Visitor's Bureau, and five district offices amounted to 264,982 in 1991 a decrease from the record high of 332,425 in 1990. A-3 A further indication of slowed growth is reflected in tourist tax collections of $6,024,011. This was an increase of $73,100 over 1990 but fell short of growth projections of approximately $425,000. Likewise the rate of growth for both real property and personal property assessed values slowed. In 1991, there was a 9.26% increase for total assessed property values® The prior three years increased an average of 14.29% per annum. New residents continue to settle in the Keys. The population growth has remained a steady two to three percent for most of the last ten years. The 1992 increase was 2.98%, bringing the total population to 81,666. Monroe County has trailed the state and nation in unemployment for each of the past ten years with the current level of 4.8% as of September 30, 1991. However, this figure reflects an increase in the unemployment rate from the prior year of 3.1%. Monroe County's major industry, tourisn-4 continues to remain stable even in these recessionary times. MAJOR INITIATIVES FOR THE YEAR: The Board of County Commissioners selected the firm of Morrison Knudsen/Gerrits to function as the County's Construction Program Manager and,with their assistance, approved the final design and initiated construction of the new Monroe County Detention Facility on Stock Island. The County initiated and approved preliminary designs for a $5,000,000 renovation of the Key West International Airport Terminal and Parking Facility and the construction of a new $6,000,000 Marathon Airport Terminal and Parking Facility. Approximately $3,400,000 on the County's Infrastructure Sales Tax Revenues are obligated to complete these two projects with the remainder being funded by Florida Department of Transportation and Federal Aviation Agency grants. The County also approved final design of the $1,400,000 Clerk of the Court's Records Storage Facility to be located in Key West and purchased an $800,000 parcel of property to expand the vehicle parking facilities serving the Key West County Government Jackson Square Government Center, both funded from the Infrastructure Sales Tax. With regard to solid waste, the County executed a five year, multi-million dollar contract with Waste Management, Inc. which provided for construction of three transfer stations to receive and compact the County's municipal solid waste for subsequent transport to their private landfill in Broward County, Florida. In addition to the County's existing pilot curb side, source separation recycling program for the Marathon area, 13 drop-off sites for volunteer disposal of recyclable materials have been established in convenient locations throughout the Keys. ®4 EQE��FU � : In November, 1991, Monroe County issued a $42,415,000 revenue bond to provide for the detention facility construction funding. Proceeds from the County's one cent Infrastructure Sales Tax collections were pledged to pay the bond's debt service. Monroe County will soon consider proposals for development of a non-burn methodology for processing and disposal of the municipal solid waste to replace the present "haul out" system. The County is also considering the construction of a wastewater treatment system to process sludge and septage received from packaged wastewater treatment plants and private residential septic systems. Both of these facilities are planned to be located on Crawl Key with an expected cost of between three and five million dollars. The County is also initiating a pilot "Blue Bag" curb side, mixed component, recyclable collection program in the Upper Keys in order to better evaluate the most cost effective and successful recyclable collection programs for permanent implementation. Other capital projects in various planning stages include a$4,000,000 project to renovate the Key West Truman School and Jackson Square Complex buildings to accommodate County and State offices, acquisition of property for County parks on Stock Island and Key Largo at an estimated cost of $1,400,000 construction of several new $750,000 Fire Stations and three County Garages at about $500,000 each, and a new Upper Keys Sheriffs Substation for approximately $2,000,000. DEP kRTMENT FOCUS: MONRQE COUNTY PARKS AND RECR EA Monroe County Parks and Recreation oversees numerous parks and beaches throughout the Keys, some of which will be described in the paragraphs that follow. These sites include undeveloped each rout property, roadside swinuning and picnic areas, full service parks with water related sports and amenities, as well as traditional active recreation facilities. In the per Keys, Harry Harris Parks' 14 acres provide visitors and residents with a sandy swinuning lagoon protected by a breakwater serving as part of a walking and bicycling path. The path winds throughout the park, connecting picnic areas,boat launching facilities, piers, small child play areas, and two regulation size baseball diamonds, all adjacent to the Atlantic Ocean. Farther down the Keys, on Lower Matecumbe Key, MateglImbe each provides a pristine wading and swimming beach adjacent to U.S. Highway 1 and the Straits of Florida. In the fall of 1991, a 1,500 foot boardwalk winding through the mangrove and buttonwood trees will be constructed. The structure will connect the parking areas to bathroom and picnic facilities being constructed at the same time. In Marathon (the Middle Keys), Sombrero each Parkprovides eight acres of beautiful beachfront property. In addition to the sandy beach, the park has substantial open play areas, restrooms, a tot lot, and picnic pavilions. Users of the baseball diamond regret their view of the outfield only when the occasional home run or foul ball reaches the Atlantic A-5 Ocean. Recently, several endangered burrowing owls have chosen to nest in holes they dig in the Park's upland areas, and they enjoy the amiable treatment given the by the maintenance personnel and park patrons. Just as the amazing Seven Mile Bridge reaches its southernmost point, Little—Duck Key furnishes another attractive roadside beach® The small pulloff from U.S. Highway 1 offers beautiful views of the bridge and the Atlantic, along with picnic pavilions, restrooms, a sandy beach, and a deepwater swimming hole known only to the locals. In the Lower Keys, Boca ChicaBeach offers an "out of the way" site with about 11,000 feet of waterfront, 2,500 feet of which consists of sandy beach. This isolated and undeveloped beachfront property has no an made amenities, but offers unspoiled and almost private swimming, sunbathing, and snorkeling. Meanwhile, in Key West, Higgs each contains numerous amenities, including a horticultural garden within the ruins of a Civil War era fort (the West Martello Towers), a bicycle path, small child pay area, handball and tennis courts, tiki huts, picnic tables and pavilions, barbecue grills, bandshells, beach, a casual restaurant on the beach, sailing and windsurfing lessons and rentals, restrooms and showers, and a pier perfect for sunbathing and snorkeling. The popularity of this site is testament to the park's design and maintenance. The site has come a long way from its former use as a target area for the guns from the other Civil War era fort in Key West, Fort Zachary Taylor. For the future, park and recreation facilities are slated toexpand and improve, as additional active recreation facilities are being planned and beach restoration projects are pushed ahead. With the help of state and federal monies, the County also plans to soon acquire the 2 -acre Coco Plum each site in Marathon,generally acknowledged as the finest natural beach in the Keys. ZIURNAL CO NTR 2L-S!R-UCTURE The internal control structure is designed to ensure that the assets of the County are protected from loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met for both internal and external reporting purposes. BUDGETARY CQNTROL Formal budgetary integration is employed as a management control device during the year for all fund types. Monroe County follows the laws of Florida regarding the control, adoption, and amendment of the budget during each fiscal year; however, the County Commission increases the level of budgetary control because they approve all cost center budgetary changes by resolution. A-6 As an additional control, the County employs an encumbrance system which reduces available appropriations in govern-mental funds upon the issuance of purchase orders, contracts, or other forms or legal commitments. Encumbrances at year end do not constitute expenditures or liabilities. They are accounted for as a reservation of fund balance in the year the commitment is made. While appropriations lapse at the end of the fiscal year, the succeeding year's budget resolution provides for the reappropriation of year- end encumbrances. GENERAL GOVERNMENT Total general government revenues collected by Monroe County during the past year amounted to $85.4 million. This amount includes revenues of the General, Special Revenue, Debt Service, Capital Project, and Fiduciary Fund Types but does not include collections from the Proprietary Funds. Taxes of$54.4 million comprised the largest general govermnent revenue source. The second largest revenue category is intergovernmental revenues which includes a variety of state and federal. shared grants-in-aid and amounts to $14.6 million. Interest income comprises the third largest revenue source which amounts to $4.9 million. The remaining general government revenues are composed of $4.4 million for charges for services and $2.1 million for fines and forfeitures. Licenses and permits, assessments and miscellaneous revenues amount to $5.0 million. The following graph illustrates a ten-year history of Monroe County's general government revenues: MONROE COUNTY, FLORIDA GENERAL GOVERNMENT REVENUES DOLLARS (in Millions) 100 80 60 40 20 0 82 83 84 85 86 87 88 89 90 91 FISCAL YEAR 'T - FINES TAXES INTERGOV q MISC CHARGES A-7 The following schedule presents a summary of General, Special Revenue, Debt Service, Capital Projects, and Fiduciary Fund revenues for the fiscal years ended September 30, 1991 and 1990, and the amount and percentages of increases and decreases in relation to prior year revenues (dollars in thousands): Percent of Percentage Increase of-Total Revenue Source 1991 1990 ecrease) 1991 1990 Taxes $54,438 $48,520 12.20 63.71 60.34 Licenses & Permits 2,724 2,189 24.44 3.19 2.72 Intergovernmental Revenues 14,564 17,183 (15.24) 17.04 21.37 Charges for Services 4,373 4,007 9.13 5.12 4°98 Fines & Forfeitures 2,099 2,153 (02.51) 2.46 2.68 Interest Income 4,946 4,841 02.17 5.79 6,02 Miscellaneous Revenues 2301 ®1517 51.68 2. 1.89 -LL9 Total $85,445 $80,410 6.26 100.00 100.00 The increase in miscellaneous revenues is due to an increase in the number of permits issued requiring payment of impact fees, an increased receipt of land donations as well as commencement of land sales for the Monroe County Comprehensive Plan Land Authority. Licenses and permits increased as a result of an increase in the number of building permits issued. Intergovernmental revenues declined from 1990 reflecting lower economic activity at both the state and local level. Revenues collected by all fund types, including the Governmental Funds previously listed as well as the Proprietary Funds amounted to $107,162,001 which represents an increase of $7.7 million over the previous fiscal year. The largest source of revenue this year in the Proprietary Fund Types was charges for services amounting to $17.0 million. The following schedule presents a summary of General, Special Revenue, Debt Service, Capital Projects and Fiduciary and expenditures for the fiscal years ended September 30, 1991 and 1990, and the percentage of change in relation to prior year expenditures (dollars in thousands): Percent of Percentage Increase of Total Expenditure Function 1991 1990 02-ecrease 1.991 1990 General government $ 20,041 $ 17,935 11.74 25.66 23.22 Public safety 29,321 25,588 14.59 37.54 33.13 Physical environment 531 498 6.63 0.68 0.64 Transportation 6,078 5,371 13.16 7.78 6.95 Economic environment 6,907 7,333 (5.81) 8.84 9.49 Human services 5,186 4,862 6.66 6.64 6.29 A-8 Percent of Percentage Increase of 'Total ExDenditure Function 1991. 1990 (Decrease) 1991 1990 Culture and recreation 2,887 2,384 21.10 3.70 3.09 Debt Service 1,271 1,099 15.65 1.63 1.42 Capital outlay 5.877 12,175 (51.73) 7.53 15.77 Total $78,099 $77,245 1.11 100.00 100.00 The increase in culture and recreation is largely due to the West Surnmerland television translator project. Public safety increased as a result of the increased operating costs within the Monroe County Sheriffs Department. The decline in capital outlay is partially due to the completion of the Plantation Key and Marathon Temporary Jail Facilities' projects. Expenditures for all fund types, including the Governmental Funds previously listed as well as the Proprietary Funds amounted to $98,689,691 which represents an increase of $3.6 million over the previous fiscal year. The following charts illustrate the proportion of revenues and expenditures attributable to the various sources and functions: MONROE COUNTY, FLORIDA TOTAL REVENUES FOR 1991 INTEREST 5% FINES 1, FORFEITURES 2% CHARGES FOR SERVICES 22% MISCELLANEOUS S 2% TAXE 49% INTER COVER N M ENTAL 17% J LICENSES & PERMITS 2%, MONROE COUNTY, FLORIDA TOTAL EXPENDITURES FOR 1991 GENERAL GOVERN10FINT DEBT SERVICE 20% PRISE HUMAN SERVICES 5% TRANSPORTATION INTERNAL SERVICE 7% PHYS0\L ENVIRONMENT 1% CAPITAL OUTLAY ECONOMIC ENVIRONMENT 6% 7% CULTURE cat RECREATION PUBLIC SAFETY 30% A-9 The unreserved fund balance of the General Fund at September 30, 1991 was 10.8 million dollars, representing a decrease from the prior year of approximately 2 `ll-ion dollars. is decrease is three times larger than the last decrease in FY 86-87 and seven times larger than the decrease of FY 82-83 which was the only other decrease experienced in the last ten years. The following graph reflects the General Fund balance for the past ten fiscal years- MONROE COUNTY, F1.0RIDA 0' N1 E R"A L FUND" L UNRESERVED FUND BALANCE DOLLARS (in Millions) 14 10 �A 6 .......................... 4 ::�j 2 ...... 'q, 0 0 82 83 84 85 86 87 88 89 90 9", FISCAL YEAR ENTERPRISE FUNDS Enterprise Funds are established to finance and account for the acquisition, operation. and maintenance of facilities and services which are intended to be entirely or predominantly self-supporting through the collection of charges from users, or for which the periodic determination of revenues earned, expenses incurred, arid/or net income is appropriate for capital maintenance, public policy or other purposes, The County maintains two enterprise funds as follows: MUNICIPAL SERVICE DISTRICT, WASTE - Ibis fund accounts for the sanitary waste disposal activities of the County. Operational revenues and expenses during the fiscal year increased 22.62% and 22.49%, respectively. CARD SOUND BRIDGE - "This fund accounts for the operations of the County's toll bridge. Operating revenues generated during the fiscal year amounted to $868,034. Net loss before operating transfers totaled $24,904. A-10 FIDUCIARY EUN The County maintains five agency and five expendable trust funds. Trust and Agency Funds are established to account for assets held by the County in a trustee capacity or as an agent for individuals, private organizations, other government units, or other funds. One new expendable trust fund was created in the fiscal year as follows® COURT FACILITIES FEES - To account for revenues collected from the issuance of vehicle and boat registrations, applications and transfers of title, occupational licenses and other miscellaneous licenses. CIENE FIDE ASSETS The general fixed assets of the County are those fixed assets used in the performance of general governmental functions and they exclude the fixed assets of Proprietary Funds. As of September 30, 1991, the general fixed assets of the County amounted to $69,504,495. This amount represents the original cost of the assets and bears no relationship to their present value. Depreciation of general fixed assets is not recognized in the County's accounting system, in accordance with Governmental Accounting Practices. DEBT ADMINISIRATION During the fiscal year, the Municipal Service District of Monroe County issued $9,570,000 in Refunding Improvement Revenue Bonds. The County's financial management team has consistently demonstrated its ability to responsibly manage the fiscal affairs of the government. The nationally recognized ratings on County bonds have reflected these strengths through current high investment grade ratings of Aaa and AAA from Moody's Investors Service and Standard & Poor's Corporation, respectively. CASH MANAGEMENT The Finance Department monitors the cash needs of the County on a weekly basis. 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 Florida Department State Board of Administration. During the fiscal year, the County's interest earnings amounted to $6,018,945. Prior to July 1987, excess operating funds were invested in Certificates of Deposit and U.S. Treasury Bills. During this past fiscal year, the monthly average yield ranged from a high of 8.17% in November, 1990 to a low of 6.23% in September, 1991. As the following graph A-11 illustrates, the investment program that the State Board of Administration provides has a rate of return that is competitive and higher than U.S. Treasury Bills, MONROE COUNTY, FLORIDA CASHMANAGEMENT/RATE COMPARISON I i _ I ! I 1 5 i� I � I _ r i 0 1 OCI Nov Dec Jan Feb Mar Apr May Jury Jul Aug Sep MONTHS OF THE 1991 FISCAL YEAR 6 MO, T—BILL MEN 3 MO. T—BILL WN BD. OF ADMIN RISK MANAGEMENT e C:ounty's assets are protected through the risk management program developed and managed by the Disk Management Section of the Human Resources Department. Under this program., worker's compensation, fleet auto liability, general liability, and public official liability programs are self-insured; the funds are maintained well within sound financing levels, and an adequate reserve has been established. Catastrophic protective insurance is purchased through a governmental liability pool. e Employee Benefit Section manages the County's Self-:insurance program. Under this program., all County employees as well as the employees of the Constitutional Officers are provided a comprehensive health care plan and term life insurance coverage. The self- insurance program has aided the C:ounty's effectiveness in controlling health care costs. INDEPENDENT T AUDIT Chapter 11.45 of the Florida Statutes requires an independent certified public accountant's financial audit of counties in the State. This requirement has been met for the fiscal year ending on September 30, 1991 and the opinion of the auditors has been included in this report. In addition to meeting the requirements set forth in State Statutes, the audit also was designed to meet the requirements of the Federal Single Audit Act of 1954 and related COMB Circular A-128o The auditor's report on the general purpose financial statements and combining and individual fund statements and schedules is included in the financial section of this reports The auditor's reports related specifically to the single audit are included in the Single Audit Section. A-12 CERTIFICATE OF ACHIEVEMENT The Government Finance Officers Association awarded a Certificate of Achievement for Excellence in Financial Reporting to Monroe County for its Comprehensive Annual Financial Report for the fiscal year ended September 30, 1990. This was the third year that Monroe County received this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized Comprehensive Annual Financial Report. This report satisfied both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program's requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate. ACKNOWLEDGMENT The timely preparation of this report could not have been accomplished without the efficient and dedicated services of Sandra Carlile, Lisa Albury, and the entire staff of the Finance Department of the Clerk of the Circuit Court of Mon-roe County as auditor and Chief Financial Officer to the Board of County Commissioners. We also wish toexpress our appreciation to Tom Brown, County Administrator, the Parks and Recreation Department, the Tourist Development Council, and Monroe County's Constitutional Officers for their contributions. Sincere appreciation is also expressed to Kemp & Green, P.A.'s for their assistance and the Board of County Commissioners for their interest and support throughout the year in matters pertaining to the financial operations of this County. Sincerely, �annRv L. Kolhage `Tart'n L. Medina, CPA Cl erk 6T-efrcuit Court Finance Director and Chief Financial Officer A-13 KEMP �1 GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FILORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0, KEMP, CP.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT Board of County Commissioners Monroe County, Florida We have audited the accompanying general purpose financial statements of Monroe County, Florida (the "County") as of September 30, 1991 and for the year then ended, listed in the foregoing table of contents. These general purpose financial statements are the responsibility of the County's management, our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the County as of September 30, 1991, 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 conducted 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 foregoing 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 required part of the general purpose financial statements of the County. 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. Kemp & Green, P.A. Certified Public Accountants February 28, 1992 B-1 KEMP FJ GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. G. 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 ON INTERNAL CONTROL STRUCTURE or of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida (the "County") for the year ended September 30, 1991 , and have issued our report thereon dated February 28, 1992. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. In planning and performing our audit of the general purpose financial statements 4 of the County for the year ended September 30, 1991, we considered its Internal control structure 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 structure. The management of the County is responsible for establishing and maintaining the internal control structure. In fulfilling this responsibility, estimates and 'Judgements by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of general purpose Financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. For the purpose of this report, we have classified the significant internal control policies and procedures in the following categories: - Treasury/Financing - Revenues/Cash Receipts - Expenditures/Cash Disbursements - External Financial Reporting - Controls over Compliance with Laws and Regulations Pelated to Federal Financial Assistance B-2 For all of the control categories listed previously, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a reportable condition in which the design or operation of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities 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 structure and its operation that we consider to be material weaknesses as defined above. However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the County in a separate letter dated February 28, 1992. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. PA- Kemp & Green, P.A. Certified Public Accountants February 28, 1992 B-3 KEMP F1 GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS 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, 1991 , and have issued our report thereon dated February 28, 1992. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grants applicable to the County is the responsibility of the County' s management. As part of obtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we performed tests of the County' s compliance with certain provisions of laws, regulations, contracts, and grants. However, our objective was not to provide an opinion on overall compliance with such provisions. The results of our tests indicate that, with respect to the items tested, the County complied, in all material respects, with the provisions referred to in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those provisions. We noted certain immaterial instances of noncompliance that we have reported to the management of the County in a separate letter dated February 28, 1992. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants February 28, 1992 B-4 GENERAL FUND The General Fund is the general operating fund of the County. It is used to account for all financial resources except for those required to be accounted for in another fund. The General Fund has a greater number and variety of revenue sources than any other fund and its resources finance a wider range of activities. The resources of the General Fund are ordinarily largely expended and replenished on an annual basis, SPECIAL REVENUE FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted by law or administrative action fors ecific 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 Enterprise Funds. CAPITAL PROJECTS FUNDS The Capital Projects Funds are used to account for financial resources segregated for the acquisition or constuction of major capital facilities other than those financed by enterprise operations. ENTERPRISE FUNDS The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. INTERNAL SERVICE FUNDS 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 FUNDS The Trust and Agency Funds are used to account for the assets held by the County as trustee or agent for individuals, private organizations and other governments, GENERAL FIXED ASSETS The General Fixed Assets Account Group is used to account for those assets used in the performance of general governmental functions and excludes the fixed assets of proprietary funds. GENERALL -TE EBT The General Long-Term Debt Account Group is used to account for the County's liability for special revenue bonds and other general long-term obligations, which are not obligations of the Enterprise Funds. MONROE COUNTY,FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 1991 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects ASSETS AND OTHER DEBITS Assets: Cash and Investments $ 13,887,494 $ 38,555,349 $ $ 18,423,434 Cash with Fiscal Agent 5,354 Accounts Receivable: Delinquent Waste Collection Fees Allowance for Uncollectible Waste Collection Fees Other 106,050 999,731 Allowance for Other Uncollectible (876,783) Mortgage Note Receivable 2,645,307 Due from Other Funds 550,522 556,653 60,775 101,759 Due from Other Governmental Units 2,963,652 1,761,411 596,512 inventory of Land for Resale 4,481,792 Restricted Assets: Cash 77,515 Investments at Cost or Amortized Cost 1,375,445 Interest Receivable 11,090 Property,(Net,Where Applicable of Accumulated Depreciation) Deferred Charges(Net) Other Debits: Amount Available for Debt Service Amount to be Provided for Retirement of General Long-Term Debt Total Assets and Other Debits $ 17,507,718 $ 48,123,460 $ 1,519,089 $ 19,132,795 C-1 FIDUCIARY PROPRIETARY FUND TYPESFUND TYPE ACCOUNT GROUPS TOTAL General General Internal Trust Long-Term Memorandum (Enterprise Setvice b Agency Assets Debt Only $ 7,66 ,745 $ 3,689,776 $ 6,418,250 $ -- $ -- $ 88,641,048 1 ,427 _- __ -_ -® 18,781 1,5 ,566 -_ -- -- -- 1,5 ,566 (1,107, 75) -- -- -- - (1,107,475) 121,389 27, 03 26,232 -- -- 1,461,305 (53,036) -- __ _- _- (92 ,819) 2,645,307 -- 441,247 40,560 -- -- 1,751,516 9,476 2,220 27,676 -- -- 5,360, 49 4,461,792 2,266,493 -- -- -- -- 2,366,008 2,934,963 -- -- -- -- 4,310,406 11,090 11,1 ,209 43,877 -- 69,504,495 80,732,581 336,246 -- -- -- _- 336,24 -- -- -- -- 1,513,735 1,513,735 -- -_ -- -- 22,241,664 22,241,664 $ 24,959,009 $ 4,385,023 $ 6,512,713 $ 69,50 ,495 $ 23,755,619 $ 215,399,926 The notes to the financial statements are an integral part of these statements, C-2 (Continued) MONROE COUNTY, FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS-CONTINUED SEPTEMBER 30, 1991 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects LIABILITIES,FUND EQUITY OTHER CREDITS Liabilities: Accounts Payable $ 2,083,438 $ 1, 98,742 -® $ 641,962 Accrued a enefit Payable 1,578,046 349,265 -_Due to Others Claims and Judgements Payable Contracts Payable 150,346 37,390 -- 400,210 Due to Other Funds 36 ,515 788,945 432,702 Due to Other Governmental Units 2,242,329 571 -- -- Matured Bonds Payable Matured Interest Payable -® -- 5,354 -® Matured Premium Payable -- _- -- -- Deposits in Escrow 27,485 1,350 -- _- Deferred Revenues 127,788 346,212 -- -- Payable from Restrict Assets: Contracts Payable Accrued Interest Payable Special Obligation Notes Payable Revenue Bonds Payable-Current Landfill Closure Costs Other Current Liabilities 1,987 406 _- Long-Term Debt _- -- -- -- Total Liabilities 6,580,934 3,222,881 5,354 1,474,874 Fund Equity and Other Credits: Investment in General Fixed Assets -- -- -- -- Contributed Capital -- -- -- -- Retained Earnings: Reserved for Encumbrances Reserved for Revenue Bond Retirement Unreserved FundBalances: Reserved for Encumbrances 133,447 23,885 -- 6,250 Reserved for Library,Children's Room 17,564 -- -- -- Reserved for Animal Shelter -- _® -_ 5,424 Reserved for Inventory ®- 4,481,792 -- ®- Reserved for Trust Fund Purposes Reserved for Land Acquisition -® 2,9 ,178 -- -- Reserved for Mortgage Loans -- 2,645,307 -- -- Reserved for Debt Service -- -- 1,513,735 -- Unreserved 10,775,773 34,765,417 -- 17, 6,247 Total Fund Equity and Other Credits 10,926,784 44,900,579 1,513,735 17,657,921 Total Liabilities,Fund Equity and Other Credits $ 17,507,718 $ 4 ,12 ,460 $ 1,519,089 $ 1 ,12,795 C-3 FIDUCIARY PROPRIETARY FUND TYPES FUNS TYPE ACCOUNT GROUPS TOTAL General General Internal Trust Fig Lung-Terra Memorandum Enterprise ice &Agency Assets Debt Only $ 1,327,710 $ 148,542 $ 1,79 $ -- $ -- 5,90 ,192 100,693 1 ,274 -_ _- _® 2,043,278 2,610,642 -- -- 2,610,642 285,208 2,5 ,163 -- -- -- 2,870,371 _- ®- -- -- -- 587,94 70,453 89,901 -- -- -- 1,751,516 _® _® 3,726, 78 -- -- 5,969,778 10,000 -- -- -- -- 10,000 306 -- -- -- -- 5,660 3,11 ®- -- -- -- 3,121 50,183 -- -- -- -- 79,018 ®- -- -- -- -- 474,000 42,626 -- -- -- -- 42,626 308,298 -- -- -- -- 308,298 215,616 -- -- -- -- 215,616 180,000 ®_ ®® -- -® 180,000 4,440,189 4,440,189 -- 4,405 -_ ®® -® 6,798 11,698,238 20,216 -- - 23,755,619 35,474,073 18,732,641 2,863,501 6,339,318 -- 23,755,619 62,975,122 -- -- -- 69,504,495 -- 69,504,495 2,808,410 -- -- -- -- 2,808,410 -- 741 -_ -- -- 741 2,903,620 -- -- -- -- 2,903,620 514,338 1,520,781 -- -- _- 2,035,119 ®® -- -- -- -- 163,52 17,564 5,424 -- -- -- -- -- 4,481,792 -- -- 173,400 -- -- 173,40 2,9 ,178 -- -- -- -- -- 2,645,307 -- -- -® -- -- 1,513,735 -- -- -- -- -- 63,187,437 6, 26,368 1,521,522 17 ,400 69,5 ,495 -- 152,424,804 $ 24, 59,009 $ 4, 85,023 $ 6,512,718 $ 69,504,495 $ 23,755,619 $ 215,399,926 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 FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects Revenues: T 10, 28.790 $ 36,646,462 $ -- $ 7,763,175 Licenses Permits 255,365 2,468,825 -- -- Intergovernmental Revenues 8,802,660 4,831,742 925,515 -- Charges for Services 3,627,553 745,676 -- Fines Forfeitures 71,159 1,8 , 2 -- -- Interest Income 1,041,337 2,6 ,321 8 ,867 1,140,552 Miscellaneous Revenues 452,534 1,758,043 -- 1,060 Total Revenues 24,27 ,398 51,027,998 1,00 ,382 8,904,787 Expenditures: Current: General Government 17,21,010 2,749, 2 -- -- Public Safety 18,276,070 10,891,864 -- -- Physical Environment 217,92 313,611 Transportation 1,743,634 4,334,911 -- -- Economic Environment 452,159 6, 5 ,793 -- -- Human Services 4,947,091 2 ,518 -- -- Culture and Recreation 1, 67,270 1,419,436 -- ebt Service 3 ,560 41,684 906,517 -- Capital Outlay -- -- -- 5, 76,619 Total Expenditures 44,717,776 26,439,743 906,517 5,876,619 Excess of Revenues Over/ (Under)Expenditures (20,438,378) 24,588,255 10 ,865 3,028,168 Other Financing Sources(Uses): Transfers from Other Funds 19,615,078 241,361 -- 21,597 Transfers to Other Funds (1,222,651) (18,477,681) -- (620, 74) Capital Lease Acquisition 266,456 -- -- -- Total Other Financing Sources/(Uses) 18,658,883 (1 ,236,320) -- (59 ,877) Excess of Revenues and Other Sources er/( nder) Expenditures Other Uses (1,779,495) 6,351,935 10 ,865 2,42 ,291 Fund Balance,October 1, 1990 1 ,748,166 38,548,644 1,410,870 15, 28, 30 Equity Transfers (41,887) -- -- -- Fund Balance,September 30, 1991 $ 10,926,784 $ 44,900,579 $ 1,513,735 $ 17,657,921 C-5 FIDUCIARY FUND TYPE TOTAL Expendable Memorandum Trust Only $ $ 54,438,427 -- 2,724,190 3,665 14,563,582 -- 4,373,229 128,196 2,099,284 2,523 4,945,600 89,698 2,301,335 224,082 85,"5,647 -- 20,040,936 152,837 29,320,771 -- 531,593 6,078,545 -- 6,906,952 5,638 5,186,247 -- 2,886,706 1,270,761 -- 5,876,619 158,475 78,099,130 65,607 7,346,517 40,560 19,918,596 -- (20,320,806) -- 266,456 40,560 (135,754) 106,167 7,210,763 21,154 67,957,464 46,079 4,192 $ 173,400 $ 75,172,419 The notes to the financial statements are an integral part of these statements. C-6 MONROE COUNTY. FLORIDA COMBINED STATEMENT REVENUES, PE D E AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLEUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 GENERALFUND Variance Favorable Budget Actual (Unfavorable) Revenues: T 10,207,139 $ 1 , 28,70 (178,349) Licenses Permits 20 , 00 255,365 45,965 Intergovernmental Revenues 11,014,058 8,802,660 ( ,211,398) Charges for Services 2, 78,227 3,634,324 1,356,097 Fines&Forfeitures 16,000 71,159 55,159 Interest Income 9 ,88 1,041,337 108,499 Miscellaneous Revenues 277,664 452,534 174,87 Total Revenues 2 ,935,326 24,286,16 (649,157) Expenditures: Current: General Government 18,537,892 17,351,766 1,18 ,126 Public Safety 19,OG4,375 1 ,27 ,070 72 ,30 Physical Environment 253,025 217,92 35,043 Transportation 3,828,924 1,743,634 2,0 ,290 Economic Environment 908,730 452,159 456,571 Human Services 6, 1 ,976 4,97,091 1, 71,885 Culture and Recreation 1,73 ,438 1,467,270 27,16 Debt Service 266,578 322,560 ( ,982) Capital Outlay -- -- -- Total Expenditures 50,952,938 ,778,532 6,174,406 Excess of Revenues Over/(Under)Expenditures (26,017,612) (20,492,363) 5,525,249 Other Financing Sources(Uses): Reserve for Contingencies (2,379,139) -- 2,379,139 Transfers from Other Funds 20,736,188 19,615,078 (1,121,110) Transfers to Other Funds (1,406,224) (1,222,651) 18 ,573 Capital Lease Acquisition 266,456 26 ,456 -- Total Other Financing Sources/(Uses) 17,217,281 18,658,883 1,441,602 Excessof Revenues and Other SourcesOver/(Under) Expenditures and Other Uses- Budgetary Basis (8,800,331) (1, 33, 80) 6,96 ,851 Total Adjustments -- 5 , 85 53,985 Excessof Revenues and Other Sources Over/(Under) Expenditures and Other Uses-GAAP Basis (8,800,331) (1,779, 95) 7,020,836 Fund Balance,October 1, 1990 12,74 ,166 12,74 ,16 -- Equity Transfers -- (41,887) (41,887) Fund Balance,September 30, 1991 $ 3,947,835 $ 10,926,784 $ 6,978,949 C-7 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 38,214,723 $ 36,646,462 $ (1,568,261) $ $ $ 1,305,000 2,468,825 1,163,825 -- -- -- 4,316,679 4,756,373 439,694 848,250 925,515 77,265 339,184 745,676 406,492 -- -- -- 1,627,500 1,899,929 272,429 -- -- -- 1,528,516 2,658,767 1,130,251 74,000 83,867 9,867 846,485 2,338,478 1,491,993 -- -- -- 48,178,087 51,514,510 3,336,423 922,250 1,009,382 87,132 7,300,390 4,491,827 2,808,563 -- -- -- 12,826,610 10,815,254 2,011,356 455,372 313,611 141,761 10,217,842 4,334,911 5,882,931 9,951,645 6,454,793 3,496,852 1,241,041 233,518 1,007,523 1,547,298 1,419,436 127,862 -- -- -- 393,792 391,684 2,108 912,912 906,517 6,395 43,933,990 28,455,034 15,478,956 912,912 906,517 6,395 4,244,097 23,059,476 18,815,379 9,338 102,865 93,527 (4,132,027) -- 4,132,027 (398,911) -- 398,911 419,415 241,361 (178,054) -- (19,069,723) (18,477,681) 592,042 (22,782,335) (18,236,320) 4,546,015 (398,911) -- 398,911 (18,538,238) 4,823,156 23,361,394 (389,573) 102,865 492,438 3,958,500 1,528,779 (2,429,721) -- -- (14,579,738) 6,351,935 20,931,673 (389,573) 102,865 492,438 38,548,644 38,548,644 -- 1,410,870 1,410,870 -- $ 23,968,906 $ 44,900,579 $ 20,931,673 $ 1,021,297 $ 1,513,735 $ 492,438 The notes to the financial statements are an integral part of these statements. C-8 (Continued) OMROE COUNTY,FLORIDA COMBINED STATEMENT OF REVENUES, END /RES AMC? CHANGES IN FUND BALANCES-BUDGET D ACTUAL ALL GOVERNMENTAL FUND ES AND EXPENDABLEU FUNDS-CO E FOR E FISCAL YEAR ENDED SEPTEMBER 30. 1991 CAPITAL PROJECT FUNDS Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 6,600,000 $ 7,76 ,175 $ 1,13,175 Licenses&Permits -- -_ -- Intergovernmental Revenues 15 ,00 -- (150,000) Charges for Services -- Fines&Forfeitures -- -- -- Interest Income 522,000 1,1 ,552 618,552 Miscellaneous Revenues -- 1,00 1,00 Total Revenues 7, ,000 8,904,787 1, 3 ,787 Expenditures: Current: General Government -_ -- -- Public Safety -- -- -- Physical Environment -- -- -- Transportation -- -- -- Economic Environment -- -- -- Human Services -- -- -- Culture and Recreation Debt Service -- -- -- Capital Outlay 17,553,150 5,876,619 11, 76, 31 Total Expenditures 17,55 ,150 5,876,619 11,676,531 Excess of RevenuesOver/(Under)Expenditures (10,281,150) 3,02 ,168 13,309,31 Other Financing Sources(Uses): Reserve for Contingencies (2,676,697) -- 2,676,697 Transfers from Other Funds 21,597 21,597 -- Transfers to Other Funds (1,12 , 42) (620,474) 509,068 Capital Lease Acquisition -- ®® -- Total Other Financing Sources/(Uses) (3,78 ,642) (59 ,877) 3,185,765 Excess of Revenues and Other SourcesOver/(Under) Expenditures and Other Uses- Budgetary Basis (14,065,792) 2,429,291 16,495,08 Total Adjustments -- (5,424) 5,424 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-GAAP Basis (14,06 ,792) 2,423,867 16,500,507 Fund Balance,October 1, 1990 1 ,228,630 15,228,630 -- Equity Transfers -- -- -- Fund Balance,September 30, 1991 $ 1,162,838 $ 17,652,497 $ 16,500,507 C-9 EXPENDABLE TRUST FUNDS TOTAL-MEMORANDUM NLoY Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ _® $ __ $ ®_ 55,021,862 $ 54,438,427 $ (583,435) -_ -- -- 1,514,400 2,724,190 1,20 ,790 ®- 3,665 3, 65 16,328, 87 14,488,213 (1,840,774) -- -- -- 2,617,411 4,380,000 1,762,53 8,611 128,196 29,585 1,742,111 2,099,284 357,173 -- 2,523 2,523 3,057,354 4,927,046 1,86 ,692 _- __ _- 1,124,149 2,792,072 1,667,92 98,611 134,384 35,773 81,406,274 85,84 ,232 4,442,958 46,079 -- 46,079 25,884,361 21,843,593 4,040,768 106, 62,962 4 ,982 31,937,929 29,154,286 2,783,643 -- -- -- 708,397 531,593 176,804 -- -_ -- 14, 6,766 6,078,545 7,968,221 -- -- -- 10,860,375 6,906,952 3,953,423 6,109 5,638 471 7,666,126 5,186,247 2,479,879 -- -- -- 3,281,736 2,886,706 395,030 -- -- -- 1,573,282 1,620,761 (47,479) -- -- -- 17,553,150 5,876,619 11,676,531 159,132 68,600 90,532 113,512,122 80,085,302 33,426,820 (60,521) 65,784 126,305 (32,105,848) 5,763,930 37,869,778 (4,239) -- 4,239 (9,591,013) -- 9,591,013 50,789 40,560 (10,229) 21,227,989 19,918,596 (1,309,393) -- -- -- (21,605,489) (20,320,806) 1,2 ,683 -_ -_ __ 266,456 266,456 -- 46,550 40,560 (5,990) (9,702,057) (135,754) 9,566,303 (13, 71) 106,344 120,31 (41,807,905) 5,628,176 47,436,081 -® (177) (177) 3,958,500 1,577,163 (2,381,337) (13,971) 106,167 120,138 (37, 9,405) 7,205,339 45,054,744 21,154 21,154 -- 67,957,464 67,957,464 -- -- 46,079 46,079 -- 4,192 (4,192) $ 7,183 $ 173,400 $ 166, 17 $ 3 ,108,059 $ 75,166,995 45,050,552 The notes to the financial statements are an integral part of these statements. C-10 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, E SE AND CHANGES IN FUND EQUITY ALL PROPRIETARY FUND TYP FOR THE FISCAL YEAR ENDEDSEPTEMBER 30, 1991 InternaJ Total Enterprise Serc (Memorandum Funds FundsOnly) Operating Revenues: Tolls $ 868,025 $ -- 88,02 Charges for Services 9,777,453 7, ,756 1 , 81,209 Franchise Fees 2,445,608 2,445,608 Miscellaneous 79,332 4,075 83,407 Total Operating Revenues 1 ,170, 18 7, 07,81 20,37 ,249 Operating Expenses: Personal Services 2,442,236 301,073 2,73, 0 Operations 8,983,209 1,812,598 10,795, 07 Landfill Closure Costs 444,569 444,569 Depreciation 1,15 ,229 8,311 1,162,540 Asserted and Paid Claims -- 4,67 ,481 4,673,481 Total Operating Expense 13,024,243 6,795,463 19,819,70 Operating Income(Loss) 146,175 41 ,368 558,543 Non-Operating Revenues(Expenses): Taxes 36 -- 36 Operating Grants 264,724 - 26 ,724 Interest Income 922,924 150,421 1,073,345 Interest Expenses and Fiscal Charges (732,445) -- (732,445) Loss on Disposition of Assets (38,410) -- (38,410) Total on-Operating Revenues(Expenses) 416,829 150,421 567,250 Income Before Operating Transfers 563,004 562,789 1,125,79 Operating Transfers: Transfers from Other Funds 2,096,436 -- 2,096,436 Transfers to Other Funds (1,667,316) (2 , 10) (1,694,226) Total Operating Transfers 429,12 (26, 10) 402,210 Not Income Before Extraordinary Item 992,124 535,879 1,528,003 Extraordinary(Lo )on Advance Refunding (1,011,716) -- (1,011,716) t Income(Loss) (19,592) 535,879 516,27 Fund Equity-October 1, 1990 6,245,960 98 ,835 7,235,795 Equity Transfer -- (4,192) (4,192) Fund Equity-September 30, 191 6,226,368 $ 1,51,522 $ 7,747,80 The notes to the financial statements are an integral part of these statements. C-11 MONROE COUNTY, FLORIDA COMBINED STATEMENT OR CASH FLOWS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER0, 19 1 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Internal Total Enterprise Service (Memorandum Funds Funds Only) Cash flows from eratin activities: Cash received for services 13,493,811 7,329,014 20,822,825 Cash payments to suppliers for goods and services ( ,32,237) (5,720,655) (14,0 , 42) Cash payments to employees for services (2,564,694) (298,745) (2,863,439) Other operating revenue 79,332 4,075 83,407 Net cash provided (used) by operating activities 2,656,162 1,313, 89 3,969,851 Cash flows from noncital financing activities: Taxes 36 -- 36 Operating rants received 396,512 ®® 396, 12 Operating transfers in 2,096,436 2,06,436 Operating transfers to other funds (1,667,316) (26, 10) (1,64,226) Net cash provided (used) by noncapitl financing activities 825,663 ( 6,910) 79 ,756 Cash flows from capital and related financing activities: Proceeds from sale of revenue bonds 9,22 ,311 9,225,311 Additions to fixed assets (2,97 ,247) (21,794) (2,95,041) Repayments of long term debt (10,090,68 ) -- (10,090,639) Interest paid on long terra debt ( 64,622) -- (564,622) Net cash provided (used) by capital and related financing activities (4,403,247) ( 1,74) (4,425,041) Cash flows from investing activities: Net purchases, sales, and maturities of investments (78 ,731) -- (783,731) Interest on investments 922, 24 150,421 1,07 ,345 Net cash provided (used) by investing activities 139,193 150,421 289,614 Net increase (decrease) in cash and cash equivalents (732,2 ) 1,415,406 63,162 Cash and cash equivalents at beginning of year 10,737,462 2,274,370 13,011,832 Cash and cash equivalents at end of year $ 9,955,238 $ 3,639,776 $ 13,645,014 C-12 (Continued) MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Internal Total Enterprise Service (Memorandum Funds Funds Only) Operating income (loss) $ 146,175 $ 412,368 $ 558,543 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 1,154,229 8,311 1,162,540 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 396,850 159,525 556,375 Due from other funds 113,569 113,569 Due from other governmental units (3) 11,689 11,686 (Decrease)/Increase in: Accounts payable 949,005 40,062 989,067 Accrued wages (60,077) (2,119) (62,196) Due to other funds (338,088) 83,250 (254,838) Deposits 5,875 5,875 Landfill Closure Costs 444,569 444,569 Compensated Absences (41,498) 4,447 (37,051) Asserted and paid claims (875) 478,599 477,724 Other current liabilities 3,988 3,988 Total adjustments 2,509,987 901,321 3,411,308 Net cash provided (used) by operating activities $ 2,656,162 $ 1,313,689 $ 3,969,851_ SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING CAPITAL AND INVESTING ACTIVITIES In April, 1991 the County issued Municipal Service District Refunding Revenue Bonds, which resulted in a loss of$1,011,716. The unamortized issuance costs on the refunded bonds was$304,683. Amortization of Municipal Service District Bond issuance and discount costs were $21,735. The Municipal Service District retired certain plan assets having a net book value of $38,314. The notes to the financial statements are an integral part of these statements. C-1 3 MONO COUNTY, FLORIDA NOTES TO Qt9jNQ_LLMNQAL_STATEMENTS SEPTEMBER 30, 1991 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and the presentation of the financial report of Monroe County, Florida have been designed to conform to generally accepted accounting principles as applicable to governmental units, in accordance with the Governmental Accounting Standards Board (GASB) . GAS B embodies the official pronouncements previously issued by the National Council on Governmental Accounting (NCGA) . The following is a summary of the significant accounting policies. Reporting Entity - Monroe County is a Non-Charter County established under the Constitution and the laws of the State of Florida. There are six offices elected County-wide, which are as follows® Board of County Commissioners, composed of five members, Clerk of Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. The Board of County Commissioners is the legislative body of Monroe County and as such budgets and provides all the 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 Supervisor of Elections and the Clerk of Circuit Court, which are included in the General Fund, but excluding those of the Property Appraiser, Sheriff and Tax Collector, 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. For financial reporting purposes, the County includes all funds and account groups of governmental operations over which the County has the ability to exercise oversight responsibility. The manifestations of this ability include financial interdependency, selection of governing body, ability to significantly influence operations, designation of management, accountability of fiscal matters, as well as the scope of services provided in the community® Sufficient oversight responsibility by the County Commission has been determined for the Comprehensive Plan Land Authority of Monroe County and, as a result, it has been included in the County' s Comprehensive Annual Financial Report for the year ended September 30, 1991 . Services provided by the County and azcounted 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. The following organizations are not part of the County and are accordingly excluded from the accompanying financial statements, although they also provide services to County residents. C-14 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The Monroe County Housing Authority - The Commissioners are appointed by the Governor of the State of Florida. The County has no involvement in the Authority's budgets, debts, management or operations. The Monroe County Mosauito Control District - The Board is elected by the citizens of Monroe County. The County has no involvement in the District's budgets, debts, management or operations. Basis of Presentation - The accounts of the County are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Fund structures, where applicable, have been designed to comply with all requirements of the bond resolutions and regulatory provisions or administrative action. The operations of each fund are accounted for with a set of separate self-balancing accounts comprised of its assets, liabilities, 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 Property Appraiser, Sheriff, and Tax Collector represent subfunds of the County's General Fund that are held and accounted for individually, but presented herein with the balance of the Board of County Commissioner's operating funds. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than those associated with expendable trusts or major capital projects) requiring separate accounting because of legal or regulatory provisions or administrative action. Debt Service Funds - Debt Service Funds are used to account for the payment of principal , interest, and other expenditures related to long-term debt, other than bonds and loans payable from the operations of Proprietary Funds. vital 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. C-15 MONROE COUNTY-, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTFMBER 30-, 1991 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Proprietary Funds: Enter rise 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 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 - 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 (ie. , revenues and other 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 C-16 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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. Expenditures and transfers out are recorded when the related fund liability is incurred. Exceptions to this general rule include: (1) accumulated sick pay, vacation pay, and compensatory time, which are not recorded as expenditures as the liability is incurred, but when the employee receives payment; (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. 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. C-17 NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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. Budoets and Bud etary Data - The following are the statutory procedures followed by the Board of County Commissioners in establishing the budget for Monroe County. 1) On or before May I of each year the Sheriff, the Clerk of 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. 2) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the County Budget Officer submits to the Board a proposed budget for the fiscal year commencing the following October 1 . The budget includes proposed expenditures and the means of financing them. 3) By Board resolution, a tentative budget is submitted to the public. Public hearings are held to obtain taxpayer comments. 4) Fifteen days after adoption of the tentative budget, a final budget is submitted for review and adoption at a final public hearing. 5) Prior to, or on September 30, the County's budget is legally enacted through passage of a resolution. Accordingly all fund types have an adopted budget as required by Florida Statute 129.03. 6) During the year, the Office of Management and Budget acts on intradepartmental budget changes that do not alter the total revenue or expenditures budgeted to a cost center. A cost center represents a particular area of County operations or a department. All other budget changes (whether they are transfers between cost centers or alterations of total revenues and expenditures in a fund) are approved by the Board. The budgetary data presented herein was amended by the Board during the year in a legally permissible manner. 7) Florida Statute 129, Section 7, as amended in 1978, provides that only expenditures in excess of total fund budgets are unlawful ® However, because the Board acts on all budget changes between cost centers, this becomes the level of control . 8) Budgeted to Actual Expenditure reports are employed as a management control device during the year for all fund types. C-18 MONROE COUNTY.,—FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS S PTEMBER 30, 19 1 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) ) 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 and land purchased for resale for governmental funds and revenues and expenditures relative to debt and capital outlay for proprietary funds. The Property Appraiser's General Fund is budgeted on the cash basis. Budgetary versus GAAP differences are described in a following note. 10) All appropriations lapse at year end. Inventory - Inventory is valued at the lower of cost or market. inventory in the Comprehensive Plan Land Authority (Special Revenue) consists of land purchased for resale. 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. Reported inventories are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable resources. " Investments - Investments, with the exception of those held by deferred compensation plans, are stated at cost, which approximates market. Investments held by the deferred compensation plans are stated at market value. The Monroe County Board of County 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 investments is allocated to the participating funds based on their average daily balance. Individual fund deficits are ignored in the allocation of interest. Gen eral 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: C-19 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Life - Years Buildings and Other Improvements 10-20 Machinery and Equipment 3-10 Sanitary Landfill Sites 1-10 Improvements other than Buildings 50 Capital Lease Obligations - Capital lease obligations for non-Enterprise Funds are accounted for in the General Long-Term Debt Account Group. The capitalized lease obligations are stated at the original fair market value of leased assets capitalized, less payments since the inception of the lease discounted at the implicit rate of interest in the lease. Also, in the year an asset is acquired by capital lease, the expenditure for the asset and the offsetting amount of the financing source are reflected in the Statement of Revenues, Expenditures, and Changes in Fund Balances. Assets acquired under capital leases in non-Enterprise Funds are accounted for in the General Fixed Asset Account Group. Capital lease obligations of Enterprise Funds and the cost of assets so acquired are reflected in the accounts of those funds. Unamortized Debt Expense - Unamortized debt expense of the Enterprise Funds is amortized by using the straight-line method over the life of the debt. Encumbrances - Encumbrance accounting, under which purchase orders are recorded to reserve that portion of the applicable appropriation, is employed in the Governmental and Expendable Trust Fund types. Encumbrances are not the equivalent of expenditures; therefore, the encumbrances are reported as reservations of fund balances at year end and reappropriated the following year. Property Taxes - Property taxes, based on assessed values at January 1, are levied and—become due and payable on November Ist 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 1991 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. The maximum payment is subject to percentages and maximum hour limitations as determined by each constitutional officer. In Governmental Fund Types, these amounts would not C-20 MROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 11 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) normally be liquidated with expendable available financial resources and are, therefore, recorded in the General Long-Term Debt Account Group. The accumulated compensated absencesare accrued when incurred in the Proprietary Funds. 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 b cash equivalents. Total Columns on Combined Statements - Overview - Total columns on the Combined Statements - Overview (General Purpose Financial Statements) are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or cash flows in conformity with generally accepted accounting principles, and such data is not comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. NOTE 2 - CASH AND INVESTMENTS Cash and investments consist of the following at September 30, 19 1: Restricted Cash and Cash and Cash with Investments Investments Fiscal Agent Total Board of County Commissioners Amount Invested in County's Pooled Cash Program 57,55,787 $ 3,326,849 60,882,636 Demand Deposits 17,86 ,193 89,890 18,781 17,973,864 Investments 44,012 3,259,677 - 3,663,68 75,82 ,992 6,676,416 _ - - 18,781 82,520, 19 Other Constitutional Officers and Dependent District Amount Invested in Conty's Pooled Cash Program 4,127, 140 - - 4, 127, 140 Band Deposits 8, 144,508 - - 8,144,508 Investments 544,408 - - 5 , 08 1 ,816,056 - - 12,816,06 $ 88,61 ,048 $ 6,676,416 $ 18,781 $ 95,336,245 C-21 MCNR )E COUNTY-, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER ,-,3O-,.- 11_ NOTE 2 - CASH AND INVESTMENTS (Continued) Florida Statute 125.31 authorizes the County to invest surplus funds in the following: a) the Local Government Surplus Funds Trust Fund under the management of the State Board of Administration b) negotiable direct obligations of, or obligations of which the principal and interest are unconditionally guaranteed by, the U.S. Government c) 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 d) obligations of the Federal Home Loan Mortgage Corporation e) obligations of the Federal National Mortgage Association f) commercial paper of U.S. corporations having a rating of at least two of the following three ratings: A-1 , P-I and F-1 , as rated by Standard & Poors, Moody's and Fitch Investors Service rating services g) Bankers' acceptances that are eligible for purchase by the Federal Reserve Banks and have a letter of credit rating of AA or better h) 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. Deposits - Demand and time deposits are fully insured by Federal Depository Insurance and the multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. Investments - Investments at year end are shown as follows. The U.S. Treasury obligations are held by the County' s agent in the County's name. Deferred Compensation funds and money market funds are uninsured and unregistered, with securities held by other entities which are not in the County' s name. C-22 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 T 2 - CASH AND INVESTMENTS (Continued) Carrying Market Board of County Commissioners Amount Value Local Government Surplus Funds Trust Fund 60,88 ,636 $ 6 ,88 ,66 U.S. Government Treasury Obligations 2,937,065 2,941,276 Money Market Funds 32 ,612 322,612 Deferred Compensation Plan 404,012 4W012 64,546,325 _ 64,550,536 Other Constitutional Officers and Dependent District Local Government Surplus Trust Funds 4, 127, 140 4,127, 140 Deferred Compensation Plans 54 ,408 5 ,408 4,671 ,548 4,671 ,548 $ 69, 217,873 $ 69,222.08 NOTE 3 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 1991 consist of the following® Community Development Block Grant® Second Mortgage Receivable from individual , collateralized by land and buildings, payable in monthly installments of $1,647 including interest at 3%, final payment due March 1, 200 $ 205,806 Second Mortgage Receivable from individual , collateralized by land and buildings, payable in monthly installments of 1, 75 including interest at 3%, final payment due March 2004 2 ,501 Monroe County Comprehensive Plan Land Authority ( CLA) a Non-interest bearing Mortgage Receivable from a not-for- profit corporation, collateralized by land, payable in annual installments of $140,000 40,000 Amount receivable from Monroe County (Municipal Service District) . The receivable is collateralized by an interlocal agreement which grants MCLA a conservation easement over the related land. The County will repay $442,500 annually, interest free. 1 ,770,000 Total Mortgages Receivable $ 2,6 ,307 C-23 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30., 1991 NOTE 3 - MORTGAGES RECEIVABLE (Continued) The mortgages receivable are equally offset by a fund balance reserve which indicates that it does not constitute "available spendable resources" even though it is a component of total assets® Pursuant to the terms of the mortgage, the balance of the Second Mortgage of $205,806 is now due on demand® NOTE 4 - INTEND BALANCES Individual fund interfund receivable and payable balances at September 30, 1991 are: Interfund Interl"und Fund Receivable Payable General Fund 550,522 L- 369,515 Special Revenue Funds: Fine and Forfeiture 52,346 143, 143 Road and Bridge - 22,422 Tourist Development District #One, 2 Cent 2, 104 9,674 Tourist Development District #Two, 2 Cent 209 1 ,354 Tourist Development District #Three, 2 Cent 512 2,709 Tourist Development District ffour, 2 Cent 525 2,709 Tourist Development District ffive, 2 Cent 581 2,902 Tourist Development Administrative and Promotional 8, 148 10,418 Tourist Development District #One, 3 Cent 3,233 24,216 Tourist Development District #Two, 3 Cent 322 - Tourist Development District #Three, 3 Cent 786 2,758 Tourist Development District #Four, 3 Cent 807 9,410 Tourist Development District ffive, 3 Cent 893 43,150 Fire and Ambulance District 1 14,385 Fire and Ambulance District 5 - 342 Fire and Ambulance District 6 1 ,800 425 Planning, Building and Zoning 456,067 35, 133 Parks and Recreation 28,320 460,509 Upper Keys Health Care - 3,2B6 5569653 788,945 Debt Service Funds: 1988 Improvement Revenue Bonds 60,775 C-24 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 4 - INTERFUND BALANCES (Continued) Capital Project Funds: Comprehensive Improvements 449 - Revenue Bond Improvements - 107,239 One Cent Infrastructure 101,310 194,282 Bond Anticipation Notes - 131, 181 101 .759 432.702 Enterprise Funds: Municipal Service District - 42,792 Card Sound Bridge - 27.661 70,453 Internal Service Funds: Worker's Compensation 347,585 81,757 Group Insurance 87,310 6,609 Risk Management Fund 6,352 1,535 441,247 89,901 Trust and Agency Funds: Court Facilities Fees 40,560 - $ 1 ,751 .516 $ 1 .751,516 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 Revenue Bonds, Refunding Improvement Revenue Bonds, Series 1983, Improvement Revenue Bonds, Series 1988, and Bond Anticipation Notes, Series 1990. Total restricted assets as of September 30, 1991 are as follows: Cash and Enterprise Fund - Municipal Service District Investments Renewal and Replacement Fund $ 2,612,565 Sinking Funds 641,978 Landfill Closure Escrow 1,485,314 Crawl Key Condemnation 483.599 .2 , 456 C-25 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER -30, 199. NOTE 5 - RESTRICTED ASSETS (Continued) Refundinq Improvement Revenue Bonds, Series 1983 Debt Service Fund Debt Service Reserve Fund 550,601 Sinking Fund 527,5_13 1 ,078. 114 Improvement Revenue Bands, Series 19BB A and B Debt Service Fund Sinking Fund 356,627 Sales Tax Bond Anticipation Notes, Series 1990 Debt Service Fund Sinking Fund 18,219 $ 6.676,416 NOTE 6 - RESERVES FOR RESTRICTED ASSETS 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, 1991 . Enterprise Funds Municipal Service District Reserved for Debt Service - Interest Account $ 333,680 Reserved for Renewal and Replacement Account ---2,569,940 2,903,620 Debt Service Funds Refunding Improvement Revenue Bonds, Series 1983 Reserved for Debt Service 1,078, 114 Improvement Revenue Bonds, Series 1988 A & B Reserved for Debt Service 417,402 Sales Tax Bond Anticipation Notes, Series 1990 Reserved for Debt Service 18.219 735 $ _4,417 355 C-26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991 NOTE 6 - RESERVES FOR RESTRICTED ASSETS (Continued) 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 $ 6,676,416 Less: Restricted assets for which retained earnings are not required to be reserved 1,968,913 Liabilities payable from restricted assets 350,923 Plus: Amounts due from other funds 60_,_775 $ 4,417 355 NOTE 7 - PROPERTY, PLANT AND EQUIPMENT The following is a summary of changes in General Fixed Assets for the year ended September 30, 1991 : 1990 Additions Deductions 1991 Land $ 12,378, 117 $ 889,541 $ - $ 13,267,658 Buildings 22,044, 199 3,399,470 2,776,508 22,667, 161 Equipment 22,946,204 4,465,596 672,858 26,738,942 Construction in Progress 5, 157 845 4,940,490 3,267 601 6,830 734 $ 62,526,365 113,695,097 $ 6,716,967 $ 69 504 495 Enterprise Fund property, plant and equipment consisted of the following at September 30, 1991 : Municipal Card Service Sound District Bridge -Total Land $ 4, 149,233 $ - $ 4, 149,233 Buildings and Improvements 267,683 2,529,805 2,797,488 Equipment 13,062,556 127.,384 13,189 940 Total Property Plant and Equipment 17,479,472 2,657, 189 20, 136,661 Less Accumulated Depreciation 7,700,360 1 ,252,092 8,952,452 Net Property Plant and Equipment $ 9,779, 112 J_j ,405,097 11A=1=84 209 C-27 MONOE COUNTS FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 191 NOTE 7 - PROPERTY, PLANT AND EQUIPMENT (continued) Internal Service Fund property, plant and equipment consisted of the following at September3 , 191 : Worker' s Group Risk Compensation Insurance Management Total Equipment $ 2 , 162 5,462 $ 28, 19 $ 63,143 Less Accumulated Depreciation 11 ,771 2®595 4,900 1 .266 Net Equipment $ 17,391 $ 2,867 $ 23,619 3®877 NOTE 8 - LONGTERM DEBT The following is a summary of changes in long--term debt for the year ended September 30, 1991 : Debt Debt 1990 Issued Retired 1991 General Long-Term Debt Grgj4 Revenue Bonds $ 21,545,000 $ - $ 230,000 $ 21 ,315,000 Accrued Compensated Absences 1, 69,903 303, 106 10,364 1,8 ,645 Capitalized Lease Obligations 570, 167 7,378 233,786 3 ,759 Installment Loan 20,992 259,078 45.855 234,21 Subtotal 23a706,062 569. 562 520,005 23,7559619 Proprietary Funds Revenue Bonds 8,629,363 9,570,000 8,629,363 9,57 ,000 Accrued Compensated Absences 180,786 - 57,935 12,851 Special Obligation Notes 849,208 - 197,989 651,219 Due to Other Governments 2,212, 500 - 442, 500 1 ,770,000 Subtotal 11 , 71 ,857 9, 570,000 9,327,787 12. 114,070 Total $ 35,577,919 $10, 139, 562 $ 99847, 792 $ 35,869,689 C-2B MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 8 - LONG-TERM DEBT (Continued) Bonds payable at September 30, 1991 from Proprietary Funds are composed of the following issues: Enterprise Revenue Bonds - $9,570,000 1991 Municipal Service District Refunding Improvement Bonds due in annual installments of $180,000 to $735,000 on October 1, 1991 to October 1, 2011; interest at 5.2% to 6.60% 12=t�o 0 NO Bonds payable at September 30, 1991 from Governmental Funds are composed of the following issues: Revenue Bonds - $2, 155,000 1983 Refunding Improvement Revenue Bonds, Series 1983 due in annual installments of $35,000 to $190,000 through July 1, 2011; interest at 7.60% to 9.25% $ 1,930,000 Revenue Bonds - $5,000,000 1988 Improvement Revenue Bonds, Series 1988A due in annual installments of $190,000 to $650,000 through December 1 , 2008; interest at 6.90% to 7.60% 5,000,000 Revenue Bonds - $2,265,000 1988 Improvement Revenue Bonds, Series 1988B due in annual installments of $130,000 to $300,000 through December 1, 1998; interest at 6.2% to 6.90% 1,885,000 Revenue Bonds - $12,500,000 1990 Sales Tax Bond Antici- pation Notes, Series 1990 due in one installment on November 15, 1991; interest at 6.65% 12,500 000 $21,315,000 Other long-term liabilities payable at September 30, 1991 from Proprietary Funds are composed of the following: Special Obligation Notes Payable - due in monthly installments of $21,919 on October 29, 1991 to December 29, 1994, interest at 8.56% L_651,219 Due to Other Governments - Amount payable to Monroe County Comprehensive Plan Land Authority (MCLA) . The debt is collateralized by an interlocal agreement which grants MCLA-a conservation easement over the related land. The County will repay $442,500 annually, interest free. LIL-�o 0 NO C-29 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 8 - LONG-TERM DEBT (Continued) Other long-term liabilities payable at September 30, 1991 from Governmental Funds are composed of the following: Installment notes payable in monthly installments of $6,136 from October 1, 1991 to maturity dates at various times through the fiscal year ended September 30, 1996; the average interest rate is 7.41% 234,215 Debt Service Fund in The total annual debt service funding requirements for all bonds outstanding at September 30, 1991 , consisting of interest payments of $16,654,676 and principal payments of $31 ,565,434 are as follows: Revenue Bonds Year Ended Proprietary Funds - Governmental September 30 Amount Interest Rate Amount Interest Rate 1992 $ 79 _,_668 5.2% - 6.751 $ 14,663,488 6.3% - 9.25% 1993 891,307 5.4% - 6.75% 915,417 6.4% - 9.25% 1994 890,918 5.6% - 6.75% 912,577 6.5% - 9.25% 1995 889, 117 5.7% - 6.75% 912,636 6.6% - 9.25% 1996 891, 162 5.8% - 6.75% 910,977 6.7% - 9.25% 1997-2001 4,470,793 5.9% - 6.75% 4,565,990 6.8% - 9.25% 2002-2006 4,449,595 6.5% - 6.75% 4,558,901 7.2% - 9.25% 2007-2011 4.109,912 6.75% 2.448,520 7.6% - 9.25% Total 17,388_,472 $ 29,888,506 Notes Payable Year Ended Proprietary Funds Governmental September 30 Amount Interest Rate Amount Interest Rate 1992 $ 206,728 8.56% $ 73,629 6.9% - 11.8% 1993 206,728 8.56% 61,899 6.9% - 11.8% 1994 206,728 8.56% 61,899 6.9% - 11.8% 1995 51,682 8.56% 61,899 6.9% - 11.8% 1996 - 11,940 6.9% - 7.3% Total 671, 866 $ 271 , 266 C-30 MONROE COUNTY FLORID N TES TO CO INED_FINANCIAL STATEMENTS SEPTEMBER 30. 191 NOTE 8 - LONG-TERM DEBT (Continued) Year Ended September 30 Total 1 $ 1 ,739, 1 1993 2, 7 ,31 1994 2,07 , 122 1995 1,91 ,334 1996 1,814,079 1 7-20 1 9,036,783 2002-206 9,008,49 207-201 6,558,432 $ 48,220, 110 The amount available in the Debt Service Funds to service the 1983, 198A and 1988B and 10 revenue bonds is $1 ,452,960. Restrictive Covenants and Collateral Reouirements - The 1983 Refunding Improvement Revenue Bonds are payable from and secured by a lien on and pledge of the racetrack funds received by Monroe County from the State of Florida. The 11 Municipal Service District Refunding Improvement bonds are payable solely from and secured 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 t pay 110% of the Maximum Debt Service Requirement on the Series 1991 Bonds and on all outstanding Parity Bonds, plus 10% 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, 1991 . The Bonds and the interest payable thereon will not constitute a general obligation of the District, Monroe County or the State of Florida, or a pledge of the faith and credit of the District, Monroe County, the State of Florida or any political subdivision thereof® Neither the Bonds, nor any interest or premium thereon, shall be payable from the ad valorem tax revenues of the District, Monroe County, or the State of Florida. C-31 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER,-30-,-1991 NOTE 8 - LONG-TERM DEBT (Continued) The 1988 Series A and B Improvement Revenue Bonds are payable from and secured by a first lien upon and pledge of the Guaranteed Entitlement portion of the Revenue Sharing Trust Fund for Counties and the Second Guaranteed Entitlement for Counties paid by the State of Florida. The 1989 Special Obligation Notes are payable from and secured by (i ) charges for service levied against designated property within Monroe County benefited by the County's solid waste disposal system pursuant to Ordinance No. 033-1989 (ii) any payments received from franchisee solid waste collectors with respect to commercial property within Monroe County (iii) all other non ad valorem funds received by the issuer with respect to the furnishing of solid waste disposal services to residents of Monroe County, excluding any state or federal funds received from time to time by the County and (iv) investment earnings. The pledge of the aforementioned revenues are junior and inferior in all respects to the lien of the 1991 Municipal Service District Refunding Improvement Revenue Bonds on such revenues. The 1990 Sales Tax Bond Anticipation Notes are payable from and secured by a lien and pledge of the proceeds to be received from the sale of the Sales Tax Revenue Bonds, Series 1991 and, to the extent necessary, the proceeds derived by and allocated to the County from the levy, and collection of the one-cent discretionary infrastructure sales tax. Loss on Advance Refunding - On April 1 , 1991 , the County Municipal Service District (MSD) issued $9,570,000 in Refunding Improvement Bonds, Series 1991 with an average interest rate of 6.44 percent to advance refund $8,294,363 of outstanding Series 1985 bonds with an average interest rate of 8.3 percent. The net proceeds of $9,458,091 (after original issue discount of $111,910 and payment of $232,780 in underwriting fees, insurance, and other issuance costs) plus an additional $1,398,706 of Series 1985 sinking fund and reserve fund monies 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 Series 1985 bonds. As a result, the Series 1985 bonds are considered to be defeased and the liability for those bonds has been removed from the County's balance sheet. Although the advance refunding resulted in the recognition of an accounting loss of $1,011,717 for the year ended September 30, 1991 , the County in effect reduced its aggregate debt service payments by approximately $2,017,001 over the next 21 years and obtained an economic gain (difference between the present values of the old and new debt service payments) of approximately $673,000. C-32 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991 NOTE 9 - DEFEASANCE OF DEBT On December 6, 1985 the County defeased the $8,000,000 Municipal Service District Improvement Bonds, Series 1980 using proceeds from the $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985. On April 1, 1991 the County defeased the Municipal Service District Refunding Improvement Bonds, Series 1985 by using proceeds from the Municipal Service District Refunding Improvement Bonds, Series 1991 . The following schedule reflects the outstanding principal on refunded Municipal Service District Bonds, by issue as of September 30, 1991 : $8,000,000 Municipal Service District Improvement Bonds, Series 1980 $ 7,415,000 $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985 7,551_,774 14,966,774 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. The future minimum payments under capitalized leases consist of the following at September 30, 1991 : General Long- Fiscal year ending September 30: Term Debt 1992 $ 200,950 1993 79,630 1994 70,927 1995 31,_127 Total minimum payments 382,634 Amounts representing interest 38,875 Present value of net minimum lease payments $ 343,759 Leased equipment which has been capitalized as of September 30, 1991 is as follows: General Fixed Assets: General Government 8749183 Rental expense under operating leases for the current year amounted to $653,396. C-33 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER -.30,- 1991, NOTE 11 - CONTRIBUTED CAPITAL Contributed capital consists of the following at September 30, 1991: Enterprise Funds - Contributions from Other Funds: Municipal Service District $ 2,805,649 Card Sound Bridge - 2,761 2,808 410 NOTE 12 - FUND DEFICIT Enterprise Funds - Municipal Service District - The accumulated deficit of $2,921,641 represents the accumulated operating losses since the District's inception. It is attributable to depreciation expense recorded on contributed assets, additional funding of restricted assets, and the estimated cost of landfill closure. The deficit will be eliminated by continuing to collect charges and fees as increased in the prior year. NOTE 13 - EXPENDITURES IN EXCESS OF APPROPRIATIONS The following cost centers had expenditures in excess of appropriations at September 30, 1991 : General Fund: General Government, Information_Systems - Additional accounts payable were recorded, thereby causing expenditures in excess of appropriations of $63,616. Debt Service - The Property Appraiser budgets payments for lease purchases as capital outlay, thereby causing the related category for capital outlay to appear to be overbudgeted. Expenditures exceeded appropriations by $55,982. 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. The key financial data for the year ended September 30, 1991 for the above services are as follows: C-34 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 14 - SEGMENTS OF ENTERPRISE ACTIVITIES (Continued) Municipal Card Service Sound District Bridge Total Operating Revenues $ 1 ,302,38 L---368,034 $ 13. 170.418 Operating Expenses 10,896,916 97 ,098 11,870,01 Depreciation 1 .088,430 6 ,7 1 , 154,22 Total Operating Expenses 11 ,985,346 1 ,038,897 1 ,024,243 Operating Income (Loss) 317,038 (170,863) 1 , 175 Taxes 36 - 36 Operating Grants 26 ,724 - 26 ,724 Interest Income 776,869 146,055 92 , 24 Interest Expense and Other Debt Service Costs (73 , 4 ) - (732, 5) Loss on Disposition of Assets ( ,314) (9 ) (38,410) Operating Transfers In 2,096,436 - 2,096,436 Operating Transfers Out (1 ,65 ,96) (13,380) (1,66 , 16) Extraordinary Loss on Advance Refunding �(1 ,011 ,71 ) - (1 ,011,716) Net Income (Loss) $ 18,692 $ ,3®,284) $ (1 ,592) Net Increase (Decrease) in Cash Flows $ (809,606) $ 27,382 $ (782,224) Assets $ 21 ,441 ,092 $ 3, 517 917 $ 24,95 ,009 Long-Term Debt $ 11,6 ,285 $ 8,953 $ 11,698,238 Contributed Capital $ 2, 05,69 $ 2,761 $ 2,808, 10 Fund Equity 2.787,628 $ 3,43 ,740 $ 6, 26,368 Acquisition of Property, Plant and Equipment $ 2, 4 ,40 $ 27.,.843 $ 2,973,247 NOTE 1 - BUDGETARY - GAP 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, 11 presents comparisons of the legally adopted budget with actual data on a budgetary basis. C-35 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 3-0, 1991 NOTE 15 - BUDGETARY - GAAP REPORTING RECONCILIATION (Continued) Because certain accounting principles applied for purposes of developing data on a budgetary basis differ from those used to present financial statements in conformity with GAAP, a reconciliation of resultant basis, timing and perspective differences in the Excess of Revenues and Other Sources over Expenditures and Other Uses for the year ended September 30, 1991 is presented as follows® Special Debt Capital Expendable General - Revenue Service Projects Trust Excess of revenues and other sources over (under) expenditures and other uses - budgetary basis j(1,13,480) $ 4,823,156 $ 102,865 S 2,429,291 S�106 344 Adjustments: To adjust revenues for accruals (6,771) To adjust revenues for mortgage repayments recorded as a reduction of assets (582,500) To adjust expenditures for accruals 60,756 - To adjust expenditures for repayment of tax anticipation note - 350,000 To adjust expenditures for purchases of land recorded as inventory 1,741,901 To record excess of revenues over (under) expenditures for unbudgeted funds: Board, Special Road District Venetian Drive 3,760 Board, Community Devetopmnt Block Grant 14,794 Sheriff, Safety Seat 824 Sheriff, Federal Grant - Sheriff Inmate Welfare Total Adjustments 53,985 1,528,779 - 1 T7) Excess of revenues and other sources over (under) expenditures and other uses - GAAP basis a1779,.495) $ 6,351,935 S 112,865 $ 2,429,291 S 106,167 The Board also did not budget the Key West Animal Shelter Fund, which was not anticipated to have and did not have revenues or expenditures. All other funds have legally adopted budgets except as described herein and listed on the previous schedule. NOTE 16 ® RETIREMENT PLAN Substantially all full-time County employees are participants in the Florida Retirement System, "The System" , a multiple-employer, cost-sharing public retirement system. The System, which is controlled by the State Legislature and administered by the State of Florida, Department of Administration, Division of Retirement, covers approximately 544,000 full-time employees of various governmental units within the State of Florida. C-36 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 16 - RETIREMENT PLAN (Continued) 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 5% reduction of benefits for each year prior to the normal retirement age. Retirement benefits are based upon 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. The County has no responsibility to the System other than to make the periodic payments required by state statutes. Ten-year historical trend information showing the System' s progress in accumulating sufficient assets to pay benefits when due is presented in the System' s June 30, 1991 Comprehensive Annual Financial Report. The amount reported below as "pension benefit obligation" is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases estimated to be payable in the future as a result of employee service to date. The measure is the actuarial present value of credited projected benefits and is intended to assist users in assessing the plan's funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among government pension plans and employers. The System does not conduct separate measurements of assets and pension benefit obligations for individual employers. The pension benefits obligation at June 30, 1991 for the System as a whole, determined through an actuarial valuation performed as of that date, was $33.8 billion. The System's net assets available for benefits on that date (valued at market) were $23.9 billion, resulting in an unfunded pension benefit obligation of $9.9 billion. 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, 16.2%, special risk employees, 26.00%, and elected officials, 23.8%. There are no employee contributions to the plan. The County's contributions of approximately $5,093,000 made during the year ended September 30, 1991 were made in accordance with contribution requirements determined by the actuarial valuation of the System as of June 30, 1990. These contributions represented approximately .23% of total contributions required of all participating employers during the fiscal year of the System ended June 30, 1991 . Total payroll for County employees during the fiscal year ended September 30, 1991 was approximately $27,971 ,000, with the portion attributed to employees covered by the System being $27,302,000. The contribution to the System for the year was approximately 18.7% of total payroll . C-37 MONROE COUNLL-LLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30-, 1991 NOTE 16 - RETIREMENT PLAN (Continued) There were no changes in actuarial assumptions, benefit provisions, actuarial funding methods or any other significant factors that affected the County's contribution during the fiscal year ended September 30, 1991 . Effective January 1, 1991 contribution rates were increased to cover future normal costs and to amortize the unfunded liability determined as of June 30, 1990. NOTE 17 - INTERFUND TRANSFERS Operating Transfers during the year ended September 30, 1991 consisted of the following: Operating Operating Fund Transfers In Transfers Out General Fund 19,615,078 1-il 222 651 Special Revenue Funds: Fine and Forfeiture 51 ,946 17,566,375 Road and Bridge - 13,380 Fire and Ambulance District 1 310,249 Fire and Ambulance District 5 - 98,043 Fire and Ambulance District 6 1 ,800 112,918 Translator System - 24,691 Upper Keys Health Care - 1,800 Planning, Building and Zoning 159,295 341,087 Parks and Recreation 28,320 -- 9, 13.8 241 ,361 18,477,681 Capital Project: Revenue Bond Capital Improvements - 21,597 Once Cent Infrastructure Surtax 21 ,597 598,877 21 ,597 620.474 Enterprise Fund: Municipal Service District 2,096,436 1,653,936 Card Sound Bridge - --- 1,3,380 2,096 436 1 ,667,316 Internal Service Fund: Worker' s Compensation - 8,970 Group Insurance 8,970 Risk Management 8,970 --- 26,910 Expendable Trust: Court Facilities Fees 40, 560 - LZL2 1=5=J.=03 2 22,015,032 C-38 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1991, NOTE 17 - INTERFUND TRANSFERS (Continued) Equity transfers during the year ended September 30, 1991 consisted of the following: Equity Equity Fund Transfers In Transfers Out General Fund $ 4, 192 $ 46,079 Capital Projects Funds: Comprehensive Improvements 5,424 - Key West Animal Shelter - 5,424 Internal Service Funds: Risk Management Fund - 4, 192 Expendable Trust Funds: Court Facilities Fees 46,079 - 55,695 55,,695 NOTE 18 - DEFERRED COMPENSATION PLAN The County offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all employees, permits them to defer a portion of their salary until future years, The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the County (without being restricted to the provisions of benefits under the plan) , subject only to the claims of the County's general creditors. Participants' rights under the plan are equal to those of general creditors of the County in an amount equal to the fair market value of the deferred account for each participant. The County has no liability for losses under the plan but do have the duty of due care that would be required of an ordinary prudent investor. The County believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. C-39 MO OE COUNTY-, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER ,30.,, 199 NOTE 19 - 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 20 - COMMITMENTS AND CONTINGENCIES Self Insurance Programs - The County is self-insured for losses in the areas of liability and workers' compensation. Claims are paid from the Group Insurance, Worker's Compensation, and Risk Management Internal Service Funds which are funded by contributions from other funds and, in the case of Group Insurance, employees. The contributions are determined by projected losses based on historical claims experience. Estimated liabilities for claims incurred but not reported are accrued based on projections estimated by County staff from historical data. As of September 30, 1991, there were no material long-term liabilities for claims and judgements. 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 February 28, 1992 there were no material questioned or disallowed costs as a result of grant audits in process or completed. Arbitraqe'Rebate - In accordance with the Tax Reform Act of 1986, any interest earnings n-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 liability for arbitrage rebate. Landfill Closure Escrow Funding - Pursuant to Florida Department of Environmental Regulation Rule 17-701 .076, Financial Responsibility, the County must establish and fund a landfill management escrow account relative to its solid waste facilities, which account is not fully funded as of September 30, 1991 . A plan has been submitted to the Florida Department of Environmental Regulation to provide for funding the mandated landfill closure and maintenance costs. The plan contemplates the use of the renewal and replacement funds established pursuant to the Municipal Service District Refunding Improvement Bonds, Series 1991 and the use of other available funds. The plan is pending approval from the Florida Department of Environmental Regulation. Imnact 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. C-40 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1991 NOTE 21 - SUBSEQUENT EVENT By resolution adopted on May 2, 1990, the County authorized the issuance of $43,500,000 Sales Tax Revenue Bonds, Series 1991 . The proceeds of these bonds will be used to retire the Sales Tax Bond Anticipation Notes, Series 1990, and to construct additional criminal justice facilities. The bonds were issued October, 1991 . C-41 GENERAL FUND 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 and are ordinarily largely expended and replenished on an annual basis. MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE - 13UDGET AND ACTUAL GENERAL FUND FOR THE FISCAL YEAR ENDEDPT 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 10,207,139 $ 10, 2 ,7 $ (178,349) Licenses and Permits 209,400 255,365 45,965 Intergovernmental 11,014,058 8,802,660 (2,211,398) Charges for Services 2,276,227 3,634,324 1,35 ,097 Fines and Forfeitures 16,000 71,159 55,159 Interest 932,838 1,041,337 108,499 Miscellaneous 277,664 452,54 174,370 Total Revenues 24, ,326 24,286,169 (64 ,157) Expenditures: Current: General Government: Board of County Commissioners 1,307,924 1,280,258 27,666 Insurances-Clerk Circuit Court 248,818 248,818 Insurances-Clerk to the Board 94,223 94,223 Insurances-Microfilm 13,637 18,687 -® Clerk to the Board 637,425 634,547 2,373 Clerk of the Circuit Court 1,046,134 1,012,069 34,05 Clerk of the Circuit Court-Microfilm 150,360 129,611 21,269 Clerk of the County Court 691,363 664, 73 2 ,70 Clerk - Data Processing 281,707 266,986 14,721 Clerk - Electronic Recording 6 , 95 33,537 3 Clerk - Domestic Relations 49,171 49,152 19 Criminal Systems Capital Purchase 103,331 76,094 27,237 Internal Audit 7 ,479 59,470 1 ,00 T C Audit Function 96,000 6 ,723 35,272 County Attorney 960,308 671,904 288,404 Property Appraiser 2,026, 36 1,833,578 195,358 Tax Collector 1,9 5, 94 1,918,726 66,763 Circuit Court 526,075 455,581 70,494 County Court 202,633 193,759 3,874 Pretrial Services 291,385 274,398 16,987 State Attorney 122,203 10 ,23 1 , 10 Public Defender 177,137 159,897 17, 0 Guardianship of Monroe County 53,246 32,191 21,055 Guardianship Evaluation 27, 00 25,928 1,572 Pretrial Services Resource Center 9,029 3, 71 53 D-1 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGESIN FUND BALANCE- BUDGEr AND ACTUAL GENERALFly -CONTINUED FOR THE FISCAL YEAR l0 SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Supervisor of Elections 351,374 340,544 10,30 Elections 128,954 115,992 1 ,96 County Administrator 216,192 205,457 10,735 Information Systems 905,099 968,715 (63,616) Office of Management& Budget 187,838 182,753 ,035 Management Services 99,531 99,367 164 Purchasing 164,64 139,592 25, 6 erson nel\Safety 248,975 245,911 3,04 Public Works Management 117,741 108,975 3,766 Garage-Key West 150 150 Public Works Garage 61 ,232 491,110 12 ,172 Public Works Correction Facilities 50,000 44,354 5,646 Public Works Facilities Maintenance 2,790, 07 2,730,314 10,093 Public Service Bldg Parking Lot 9,000 7,71 1,239 Advertising 5,000 4,974 26 Chaplin Building 61,330 60,919 411 Communications 299,894 249,696 5 ,13 Community Services Management 115,804 111,386 4,416 Anti Drug Abuse Grant Administration 21,253 21,253 -® Pilot Residential Work Release Program 68,073 52,267 15,606 Anti Drug Abuse Pretrial 47,403 41, 99 6,104 Training Development 142,481 137,263 5,218 Court Security 622,574 578,835 4 ,739 Total General Government 13,537,892 17,351,766 1,136,126 Public Safety; Medical Examiner 280,598 280,568 30 Emergency Management 293,401 182,693 110,703 Radiological Emergency Preparedness Grant 109,327 65,092 44,235 Emergency Medical Services Coordinator 215, 0 182,887 32,363 Emergency Medical Services Grant 12 , 0 113,418 6,532 Emergency Medical Services Award Grant 96,017 96,017 Public Safety Management 125,630 120,824 5,056 Emergency Medical Communications 25,412 8,975 16,437 911 Emergency System 150,044 143,592 6,45 Emergency Medical Air Transportation 30,000 22,888 57,112 Warning Communication Grant 18,000 18,000 Sheriff 17,43,446 17,155,133 333,31 D- (Continued) MONROE COUNTY, FLORIDA STATEMENT I CHANGES I - BUDGET AND ACTUAL GENERAL FCONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Total Public Safety 19,004,375 18,276,070 , Physical Environment: DNR Derelict Vessel-Phase I 59,881 59,881 RaDNR mrod ntrace 7,819 7,819 -- DNR Boating Improvement ,101 3,101 -- Kemp Channel &Tavernier Creek 3,250 3,250 -- DNR Derelict Vessel-Phase 11 49,770 23,102 26,668 Litter Grant 10,000 9,965 35 Extension Servicee 119,204 110,864 8,340 Total Physical Environment 253,025 217,982 35,043 Transportation: Marathon Airport Operations& Maint. 135,374 , 635,806 Marathon Airport Noise Study 14,350 14,350 Marathon Airport Beacon &Tower 6,831 6,488 343 Marathon Airport East Apron 22,058 22,058 -- Marathon Airport West Apron 79,095 74,074 , 1 Marathon Airport Runway Safety Overrun 6, 36 6,536 -- Marathon Airport SafetyFence & Gates 16 -- 16 Marathon Airport Development of Regional Impact 201,000 1 , 0 27,90 Marathon Airport Sewage Treatment Plant 52,826 ,912 49,914 Marathon Airport Apron & Lighting 124,625 19,412 1 , 1 Marathon Airport for water Runoff Study 114, 1 106,289 7,77 Marathon Airport Terminal-Phase 1 411,397 154,513 256,884 Marathon Airport New Passenger Terminal Complex 173,448 153,045 Marathon Airport ParkingLot 400,000 13,691 386,309 Key West Airport Operations & Maint, 717,114 626,838 90,276 Key West Airport Safety Zone 95,770 90,393 , 7 Key West Airport Noise Study 10,735 -- 10,735 Key West Airport Apron Expansion 155,117 8,498 146,619 Key West Airport Terminal Restrooms 18,588 , 7 11,810 Key West Airport Beacon &Tower 76,245 ,13 74,092 Key West Aiport Environmental Assessment Plan 268,235 100,220 168,015 Key West Airport Stormwater Runoff Study 141,963 119,530 , Key West Airport Federal Inspection Station/ Customs 60,494 11,602 48,892 Key West Airport Terminal Renovations 83,297 36,400 46,897 - (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUN -BUDGET AND ACTUAL GENERAL Fib -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 3 , 19 1 Variance Favorable Budget Actual (Unfavorable) Key West Airport Sewage Treatment Plant 29,174 7,868 21,306 Key West Airport Parking Lot 430,575 34,370 396,205 Total Transportation 3,828,924 1,74 ,64 2,0 5,290 Economic Environment: Housing Authority\HUD 415,399 87,674 328,225 Veteran's Affairs 300,058 277,580 22,478 SFTC -JTPA Liaison 5 ,239 21,69 30,610 SF ETC - Title IIA 4,036 2,136 1,30 Title II Incentive Award 916 913 3 SF ETC Intake 80,041 42,769 37,272 Summer `youth Employment&Training 55,541 19,408 36,133 Total Economic Environment 908,730 45 ,159 456,571 Human Services: Public Works Animal Shelter 516,979 508,395 3,53 Baker Act Services 364,735 34,735 -- Mental Health 333,401 333,401 -® Monroe County Association for Retarded Citizens 20,300 20,300 -- Baker Act Transportation ( HCLl6) 74,386 69,399 4, 37 Juvenile Drug Rehabilitation Program 30,000 80,000 -- race Jones Daycare Center 3,716 3,097 61 Welfare Administration 601,677 585,838 15,839 Welfare Services 711, 02 663,214 43,263 Health Care Responsibility Act 315,568 3,220 312,348 ysore Manor 42 ,51 344,690 1, 41 Senior Community ServiceProject-I 346,259 196,687 149,572 Senior Community Service Project-II 36,000 ,635 7,315 Transportation Title III-B 264,984 193,633 71,351 Transportation 227,049 199,537 27,512 Nutrition CA 24 ,15 184,121 61,04 Nutrition -ll 21 ,65 163,195 53,40 C - In Home Services 1,055,293 615,828 439,470 CCDA- Homemakers 242,335 134,614 107,721 Homemaker III-D 28,788 15,443 1 ,345 Senior Community Service Project-III 27,508 17,039 10,469 Senior Community Service Project-Federal 72,938 19,835 5 ,103 -4 (Continued) COUNTY,MONROE FLORIDA STATEMENT EXPENDITURES AND CHANGES IN F L GENERAL FUND -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER , 19 1 Variance Favorable Budgetl (Unfavorable) Lower Keys AARP 1,500 137 1,363 Middle es AARP 1,500 1,030 470 Upper Keys AA RP 1,500 411 1,089 Big Pine Key1,500 1,461 3 Older eric ns Volunteer Program 0 1,914 2,086 Legal Aid 14,532 14,532 -- Help Line 10,500 10,500 Domestic Abuse Shelter 14,250 14,250Hospice of the Florida Keys 50,000 50,000 Aids el , Inc. 38,000 38,000 -- Big BrotherskBigSisters 10,000 10,000 -- Handicapped Job Placement 19,950 19,950 -- Florida Keys Youth Club 40,000 4 ,00 -- Total Human Services 6,418,976 4,947,091 1,471,885 Culture and Recreation: Fine Arts Council 105,000 105,000 -- Higgs Beach 135,661 122,217 13, 44 Summer School Recreation Program ,7 2,360 Historic Fla. Keys Preservation Board 8,550 ,5 0 -- East Martello Art Gallery and Historical Museum 9,194 9,149 Key West Garden Club -West Martello 23,128 21,367 1,761 Key West Lighthouse Museum 12,325 9,267 3,058 Caloosa Cove 180,000 11,382 168,618 Pigeon Key Preservation 30,000 30,000 -- Library d in Support 301,517 267,125 34,392 Library Key West 367,325 360,145 7,180 Library o o ile 34,229 33,980 Library Maratn 163,748 158,773 4,975 Library Islamorada 1 ,31 120,535 2,786 Library Key Largo 148,624 143,969 4,655 Library Donations 28,334 4,689 23,645 LSCA Grant 54,732 ,732 -- Total Cultural and Recreation 1,734,438 1,467,270 267,168 D-5 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURESAND CHANGESIN FUND BALANCE - BUDGET AND ACTUAL GENERALA -CONTINUED R THE FISCAL YEAR ENDED SEPTEMBER30, 1991 Variance Favorable Budget Actual (Unfavorable) DebtService: Principal Retirement 229,582 271,623 (4 ,041) Interest and Fiscal Charges 36,996 50,937 (1 , 41) Total Debt Service 26,578 32,560 ( ,982) Total Expenditures 50,952,938 44,778, 32 6,174,40 Excess of RevenuesOver/ (Under) Expenditures (2 ,017,612) (20,42,363) 5, 5,24 Other Financing Sources (Uses): Deserve for Contingencies (2, 7 ,139) -- 2,379,139 Transfers from Other Funds 20,736,188 19,615,078 (1,121,110) Transfers to Other Funds (1,46,224) (1,222, 1) 183,573 Capital Lease Acquisition 266,456 266,45 -- Total Other Financing Sources/(Uses) 17,217,281 18,658,883 1,441,60 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- udetaBasis (8,80 ,31) (1,83, 80) 6,966,851 Total Adjustments -- 53,985 53,985 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - A F Basis (8,80, 1) (1,779,495) 7,020,836 Fund Balance, October 1, 190 12,74 ,166 12,748,166 -- Equity Transfers -- (41,887) (41,887) Fund Balance, September 3 , 1991 $ 3,947,835 10, 2 ,784 6,978,949 D-6 (BLANK PAGE) SPECIAL REVENUE FUNDS CDBG HOUSING REHABILITATION FUND State of Florida Department of Community Affairs Grant for rehabilitation of 32 units of low income housing at YThe Rock" in Marathon. The CDBG Grant was used to leverage private investment for the construction of 10 new units of low income housing. FINE AND FORFEITURE To account for revenues received from fines and forfeitures imposed from the commission of statutory offenses, and ad valorem taxes that are transferred to the Sheriff's Department and to account for operations of the County's court support system. ROAD AND BRIDGE To account for all revenues, operating expenditures and capital improvements for the County's Road Department. LAW LIBRARY To account for all revenues and operating expenditures for the County's Law Library. TOURIST DEVELOPMENT DISTRICTS To account for the local option three cent bed tax in five district funds and an Administrative and Promotional Fund for the operating expenditures of advertising, promotions and special events of the County Tourist Development Council. FIRE AND AMBULANCE DISTRICTS To account for all revenues and operating expenditures in three district funds for county fire and ambulance services. TRANSLATOR SYSTEM SERVICES DISTRICT To account for all revenues and operating expenditures for the county's television translator system. SPECIAL ROAD DISTRICTS To account for all revenues, operating expenditures and transfers to the County's Road Department for special roads in the funds for Cross Key Waterway Estates, and Venetian Drive. (Continued) MARINERS HOSPITAL DISTRICT To account for the operating expenditures used by the private for profit Mariners Hospital for capital outlay. UNINCORPORATED AREA SERVICES DISTRICT To account for all revenues and operating expenditures in the funds for planning, building and zoning, and parks and recreation. IMPACT FEES To account for special assessment revenues in five funds of the unincorporated area from impact fees for roadways, parks and recreation, libraries, solid waste, and police facilities. UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. SHERIFF SAFETY SEAT PROGRAM To account for all revenue and expenditures for the safety seat program of the Sheriff's Department. This fund does not have a legally adopted budget. COMPREHENSIVE PLAN LAND AUTHORITY Designated to purchase unbuildable property in the Keys and repackage the property into appropriate lot sizes to meet the new Density and Land Use Plan requirements. Property is also purchased for recreational and conservational purposes. (BLANK PAGE) MONROE COUNTY. FLORIDA COMBINING BALANC SHEET ALL SPECIAL REVENUE FUNDS SEPTEMBER 30, 1991 Community Development Fine Road Block & & Law Grant Forfeiture Bridge Library ASSETS Assets: Cash and Investments $ 106,106 4,983,553 $ 7,956,559 $ 10,127 Accounts Receivable: Other -- 2 3,742 -- Allowance for Other Uncollecti le -- -- -- Mortgage Note Receivable 455,307 -- Due from they Funds -- 52, 6 -- Due from they Governmental Units -- 821,370 158,801 1,590 Inventory f Land for Resale -- -- -- -- Total Assets $ 561,413 $ 5, 7, 71 $ 8,119,102 $ 11,71 LIABILITIES FUND EQUITY Liabilities: Accounts Payable -- $ 7 ,030 $ 200,109 $ 151 Accrued Wages and Benefits Payable -- -_ 77,318 -- Contracts Payable -- -- 18,535 -- Due to Other Funds -- 143,143 2 ,42 -- Due to Other Governmental Units -- -- -- Deposits in Escrow -- -- -- -- Deferred Revenues -- -- -- -- tr Current Liabilities 406 -- Total Liabilities -- 213, 79 318,384 151 Fund Equity: Fund Balances: Reserved for Encumbrances -- 2, 80 19 Reserved for Inventory -- -- -- -- served for Land Acquisition -- Reserved for Mortgage Loans 455, 07 -- -- -- Unreserved 1 ,106 5,641,312 7,800,699 11,566 Total Fund Equity 561,413 5,643,692 7,800,718 11,566 Total Liabilities and Fund Equity $ 561,413 $ 5,857,271 8,119,102 $ 11,717 E-1 Tourist Tourist "Tourist 'Tourist Tourist `tourist Development, Development, Development, Development, Development, Development, Administrative District District District District District an #One #Two #Three #Four Wive Promotional Cent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 326,845 90,488 $ 94,139106,336 $ 11 , 12 350,857 -- -- -- -- -- 4,50 ,104 209 512 525 581 3,146 ,04 6,125 1 ,270 16,143 14,730 222,47 $ 383,983 96,822 $ 109, 1 $ 123,009 127,973 59 , 72 55, 42 $ 7,816 $ 60,642 5,942 $ 3 ,0 $ 62,40 9,674 1,354 2,709 2,709 2,902 10,416 65,616 9,170 6 ,351 38,651 34,991 92,826 320 45 90 90 96 795 318,047 87,607 46,480 64,266 9 ,336 492,351 318,367 67,62 46,570 84,358 92,982 43,14 $ 383,983 6, 22 $ 109,921 $ 1 ,009 $ 17,973 5,97 -2 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS -CONTINUED SEPT EMBER 30, 1991 Tourist Tourist Tourist Tourist Development, Development, Development, Development, District District District District #One #Two #Three our 3 Cent 3 Cent 3 Cent 3 Cent ASSETS Assets: Cash and Investments $ 1,605,967 $ 148,564 $ 118,282 $ 548,244 Accounts Receivable: Other -- -- -- -- Allowance for Other Uncollectible Mortgage Note Receivable -- -- -- -- Due from Other Funds 3,233 322 786 807 Due from they Governmental Units 84,538 9,409 23,457 24,805 Inventory of Land for Resale -- -- -- -- Total Assets $ 1,693,738 $ 158,295 $ 142,525 $ 573,856 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 314,572 $ 25,721 $ 81,335 $ 96,548 Accrued Wages and Benefits Payable -- -- -- -- Contracts Payable -- -- Due to Other Funds 24,216 2,758 9,410 Due to Other Governmental Units -- -- Deposits in Escrow Deferred Revenues Other Current Liabilities -- -- -- -- Total Liabilities 338,788 25,721 84,093 4005,958 Fund Equity: Fund Balances: Reserved for Encumbrances 1,808 -- -- -- Reserved for Inventory -- Reserved for Land Acquisition Reserved for Mortgage Loans -- -- -- -- Unreserved 1,353,142 132,574 58,432 467,898 Total Fund Equity 1,354,950 132,574 58,432 467,898 Total Liabilities and Fund Equity $ 1,693,738 $ 158,295 $ 142,525 $ 573,856 E-3 Tourist dire And Special Development, Ambulance lire And dire And `translator Road District District District 1 Ambulance Ambulance System Gross Key Rve Lower and District5 District#6 Service Waterway Cent Middle Keys Tavernier Key Largo District Estates 47,643 2,333,104 479,518 $ 950,629 $ 132,820 $ 6,090 -- 991,417 -_ (876,783) 693 -- -- 1,300 -- -- 22,703 4 ,646 11,101 6,696 12,667 671,439 $ 2,494,336 $ 40,619 95 ,125 195,437 $ 6,090 $ 39,507 $ 229,364 $ 30,360 $ 46,767 $ 11,445 $ -_ -- 92,756 4 ,150 14,335 342 425 -- -- -- 31 30 110 -- -- -- 68,523 33,488 16,537 -- -- 132, 57 4 ,409 114,270 63,859 11,45 -- -- 15,220 921 2,030 -- -- 538,782 2,073,757 375,428 893,236 184,042 6,090 533,782 2,036, 77 376,349 895,266 164,042 6,090 671,439 $ 2,494,386 $ 490,619 $ 959,125 $ 195,487 $ 6,09 -4 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS -CONTINUED SEPTEMBER 30, 1991 Unincorporated Area Service Unincorporated District Area Service Special Mariners Planning, District Road District Hospital Building and Parks and Venetian Drive District Zoning Recreation ASSETS Assets: Cash and Investments $ 55,477 $ 37,578 $ 1,979,096 $ 638,371 Accounts Receivable: Other -- -- -- 70 Allowance for Other Uncollectible -- Mortgage Note Receivable -- -- Due from Other Funds 456,067 28,320 Due from Other Governmental Units 39,822 8,200 Inventory of Land for Resale -- -- -- -- Total Assets $ 55,477 $ 37,578 $ 2,474,985 $ 674,961 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ -- $ -- $ 147,924 $ 57,731 Accrued Wages and Benefits Payable 157,742 17,969 Contracts Payable 18,855 -- Due to Other Funds 35,133 460,509 Due to they Governmental Units -- -- Deposits in Escrow -- Deferred Revenues 1,186 Other Current Liabilities -- -- Total Liabilities 360,840 536,209 Fund Equity: Fund Balances: Reserved for Encumbrances 71 -- Reserved for Inventory Reserved for Land Acquisition Reserved for Mortgage Loans -- -- -- -- Unreserved 55,477 37,578 2,114,074 138,752 Total Fund Equity 55,477 37,578 2,114,145 138,752 Total Liabilities and Fund Equity $ 55,477 $ 37,578 $ 2,474,985 $ 674,961 E-5 Upper Keys Health Care Impact Fees Impact Fees Special Impact Fees Parks and Impact Fees Impact Fees Police Taxing --E2!dwaYs, RecreationLibraries Solid Waste Facilities District $ 6,110,391 $ 460,844 $ 436,942 $ 372,989 $ 292,753 $ 2,302,836 15,801 6,110, 91 $ 460,844 $ 436,942 $ 372,989 $ 292,753 $ 2,318,637 $ -- $ -- $ 5,024 $ -- $ -- $ 17,295 -- -- -- -- -- 3,480 -- -- -- -- -- 3,286 -- -- ,024 -- -- 24,061 ,11 ,391 460,844 431,918 372,989 292,753 2,24,57 6,110,31 460,844 41, 18 372,989 2 ,753 2, 4,576 $ 6,11 , 91 $ 460,844 $ 46,942 $ 372,989 $ 292,753 $ 2, 18,637 E-6 (Continued) MONROE COUNTY, FLORIDA COMBINING CSHEET ALL SPECIAL REVENUE FUNDS - CONTINUED SEPTEMBER 3 , 191 Sheriff Comprehensive Safety Ian Sheriff Seat Land Federal Program uhori Grant Total ASSETS Assets: Cash and Investments $ 12,810 4,559,448 137,131 $ 38,555,349 Accounts Receivable: Other -- -- -- 999,731 Allowance for Other Uncollectible -- -- -- (876,783) Mortgage Note Receivable -- 2,190,000 2,645,307 Due from tr Funds -- -- -- 556,653 Due from they Governmental Units -- 1 ,979 -- 1,7 1,411 Inventory of Land for Resale -- 4,4 1,72 4,481,792 Total Assets 1 ,810 $ 11,375,219 $ 1 ,11 $ 48,123,460 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ -- $ -- $ -- $ 1,698,742 Accrued Wages and Benefits Payable -- -- -- 349,265 Contracts Payable 37,390 Due to Other Funds -- -- -- 788,945 Due to Other Governmental Units -- 571 Deposits in Escrow 1,35 -- -- 1,35 Deferred Revenues -- 39,347 17,131 3 , 1 Other Current Liabilities -- -- -- 406 Total Liabilities 1,350 3 , 7 17,11 3,222,881 FundEquity: FundBalances: Reserved for Encumbrances -- -- -- 23,885 Reserved for Inventory 4,481,792 4,481,792 Reserved for Land Acquisition 2,984,178 -- 2,984,178 Reserved for Mortgage Loans -- 2,190,000 2,645,307 Unreserved 11, 60 1, 7 ,902 34,765,417 Total Fund Equity 11, 60 11, 3 ,872 -- 44,900,57 Total Liabilities and Fund Equity $ 12,810 $ 11,37 ,219 $ 17,131 48,123,460 E-7 (BLANK PAGE) MONROE COUNTY, FLORIDA COMBINING ST T T OF REVENUES, EXPENDITURESAND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Community Development Rne Road Block & & Law Grant Forfeiture Bridge Library Revenues: Taxes -- $ 20,470,361 $ 1,521,60 $ -- Licenses & Permits ®- -- -- Intergovernmental -- 304,323 2,504,472 Charges for Services -- 180,493 5, 8 -- Fines& Forfeitures -- 1,869,291 -- 19,523 Interest 1 ,794 477,834 528,737 64 Miscellaneous -- 12,886 13,966 577 Total Revenues 14,794 23,315,188 4,574,369 ,164 Expenditures: Current: General Government -- 614,137 -- 13,277 Public Safety -- 4,243,791 -- -- Physical Environment -- -- -- Transportation -- -- 4,331,631 Economic Environment -- -- -- Human Services -- -- -- -- Culture and Recreation -- -- -- -- et Service -- -- -- -- Total Expenditures -- 4,857,928 4,331,631 13,277 Excess of RevenuesOver/ (Under) Expenditures 14,794 18,457,260 242,738 6,887 Other Financing Sources (Uses): Transfers from ter Funds -- 51,946 -- Transfers to Other Funds -- (17, , 75) (1 ,380) -- Total Other Financing ounces/(Uses) -- (17,514,429) (1 ,380) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures &Other Uses 14,794 942,831 229,358 6,887 Fund Balance, October 1, 1990 546,619 4,7 ,861 7,571,360 4,679 Fund Balance, September 30, 191 $ 561,413 $ 5,643,692 $ 7,800,718 $ 11,566 E-8 Tourist Tourist Tourist Tourist Tourist Tourist Development, Development, Development, Development, Development, Development, Administrative District District istriDistrict District and #One #Tworee Wour #Rve Promotional 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 700,366 $ 69,922 $ 16 ,70 $ 173,896 193,272 $ 2,708,70 6,216 619 1,512 1,552 1,716 24,068 17,810 5,505 4,724 7,450 6,791 26,299 -- -- -- -- -- 4,073 724,392 76, 46 175,986 182,898 201,779 2,76 ,20 46,311 74,049 257,274 212,295 241,517 2,650,069 646,311 74,049 257,274 212,295 241,517 2,650,069 78,081 1, 97 (81,288) ( , 97) (39,738) 11 ,11 78,081 1, 97 ( 1,288) (29,397) (39,738) 113,161 240,286 85,655 127,858 113,755 1 ,720 379,985 318,367 $ 87,652 $ 46, 70 $ 84,358 92,982 $ 49 ,146 - (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Tourist Tourist Tourist Tourist Development, Development, Development, Development, District District District District #One #Two #Three #Four 3 Cent 3 Cent 3 Cent 3 Cent Revenues: Taxes $ 1,074,656 $ 106,964 $ 261,382 $ 268,295 Licenses & Permits -- -- -- -- Intergovernmental -- Charges for Services 9,549 950 2,323 2,384 Fines & Forfeitures -- -- -- -- Interest 98,769 12,075 12,912 39,260 Miscellaneous -- -- -- -- Total Revenues 1,182,974 119,989 276,617 309,939 Expenditures: Current: General Government -- -- -- Public Safety Physical Environment Transportation -- -- -- -- Economic Environment 1,028,239 145,668 395,261 381,354 Human Services -- -- -- -- Culture and Recreation Debt Service -- -- -- -- Total Expenditures 1,028,239 145,668 395,261 381,354 Excess of Revenues Over/ (Under) Expenditures 154,735 (25,679) (118,644) (71,415) Other Financing Sources (Uses): Transfers from Other Funds -- Transfers to Other Funds Total Other Financing Sources/(Uses) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures &Other Uses 154,735 (118,644) (71,415) Fund Balance, October 1, 1990 1,200,215 158,253 177,076 539,313 Fund Balance, September 30, 1991 $ 1,354,950 132,574 $ 58,432 $ 467,898 E-10 Tourist Fire And Special Development, Ambulance Fire And Fire And Translator Road District District District 1 Ambulance Ambulance System Cross Key #Rve Lower and DistrictDistrict#6 Service Waterway Cent Middle Keys Tavernier Key Largo ism states 296,702 3,345,048 $ 426,768 $ 858,583 7 , 59 -- -- 74,615 35,164 5,310 2 2,636 407, 77 11,053 6.316 12,633 -- 47,052 177,628 34,625 71,390 36,230251 1,623 10, 94 -- 5 -- _® 348,013 4,015,42 507,610 941,652 925,824 251 -- 167,124 19,954 38,687 -- 3,622,243 332,197 582,432 -- -- 422,756 -- -- -- -- 830,285 - -- -- -- -- 29,925 -- 422,756 3,789,367 352,151 621,119 860,210 60 (74,74 ) 26,05 155,459 320,533 6 ,614 191 _- -- -- 1,80 -- -® ®- (31 ,249) (98,043) (112,918) ( 4,691) -- -- (31 ,249) (98,043) (111,118) (24,691) -- (74,74 ) (84,154) 57,416 209,415 40,923 191 13,525 2,17 ,131 318,933 685,851 143,119 5,899 $ 538,782 $ 2,088,977 $ 376,349 $ 8 ,266 184,042 $ 6,00 -11 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Unincorporated Area Service Unincorporated District Area Service Special Mariners Planning, District Road District Hospital Building and Parks and Venetian Drive District -Zoning Recreation Revenues: Taxes $ $ $ 1,850,570 $ 141,339 Licenses & Permits 2,468,825 Intergovernmental 30,368 1,696 Charges for Services 18,791 33,911 Fines& Forfeitures 11,115 Interest 3,760 2,331 143,997 43,663 Miscellaneous 11,485 24,072 Total Revenues 3,760 2,331 4,535,151 244,681 Expenditures: Current: General Government 1,531,632 Public Safety 2,003,176 Physical Environment 313,481 Transportation Economic Environment Human Services 57 Culture and Recreation 488,073 Debt Service 11,759 Total Expenditures 57 3,860,048 488,073 Excess of Revenues Over/ (Under) Expenditures 3,760 2,274 675,103 (243,392) Other Financing Sources (Uses): Transfers from Other Funds 159,295 2 8,13 2 0 Transfers to Other Funds (341,087) (9,138) Total Other Financing Sources/(Uses) (181,792) 19,182 Excess of Revenues and Other Sources Over/ (Under) Expenditures &Other Uses 3,760 2,274 493,311 (224,210) Fund Balance, October 1, 1990 51,717 35,304 1,620,834 362,962 Fund Balance, September 30, 1991 $ 55,477 $ 37,578 $ 2,114,145 $ 138,752 E-1 2 Upper Keys Health are Impact Fees Impact Fees Special Impact Fees Parks and Impact Fees Impact Fees Police Taxing Roadways Recreation Libraries Solid Waste Facilities District $ $ $ 1,131,231 15,791 370,057 27,432 28,108 22,632 18,267 137,717 1,075,673 78,666 130,222 59,026 74,672 21,659 1,445,730 106,098 158,330 81,658 92,939 1,306,398 -- - -- -- -- 53,954 31,415 - -- 130 -- 3,220 -- 233,461 257 100,821 -- 3,220 257 100,821 130 31,415 287,415 1,442,510 105,841 57,509 81,528 61,524 1,018,983 (1,800) -- -- -- - -- (1,800) 1,442,510 105,841 57,509 81,528 61,524 1,017,183 4,667,881 355,003 374,409 291,461 231,229 1,277,393_ $ 6,110,391 $ 460,844 $ 431,918 $ 372,989 $ 292,753 $ 2,294,576 E-13 (Continued) N OE COUNTY, FLORIDA COMBINING ST T E T OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE L SPECIAL REVENUEF -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 1 Sheriff Comprehensive Safety Plan Sheriff Seat Land Federal Program uthori Grant Total ®venues: Licenses& Permits ®_ _- -_ 2,468,825 Intergovernmental -- 1,800,423 75,369 4,831,742 Charges for Services -- -- -- 745,676 Fines& Forfeitures -_ -- -- 1,899,929 Interest 259,157 -- 2,677,321 Miscellaneous 2,065 236,731 -- 1,758,043 Total Revenues 2,065 2,296,311 7 ,39 51,027,998 Expenditures: Current: General Government -- 311,161 -- 2,749,926 Public Safety 1,241 -- 7 ,369 10,891,864 Physical Environment -- -- -- 313,611 Transportation -- -- -- 4,334,911 Economic Environment -- -- -- 6,454,793 Human Services 233,518 Culture and Recreation -- -- ®- 1,41 ,43 Debt Service -- -- -- 41,684 Total Expenditures 1, 41 311,161 75,369 26,439,743 Excess of Revenues Over/ (Under) Expenditures 824 1,985,150 -- 24,588,255 Cher Financing Sources (Uses): Transfers from tr Funds -- -- -- 241, 61 Transfers to Other Funds -- -- -- (18,477,681) Total Other Financing Sources/(Uses) -- -- -- (18,236,320) Excess of Revenues and Other SourcesOver/ (Under) Expenditures &Other Uses 824 1,985,150 -- 6,351,935 Fund Balance, October 1, 1990 10,66 9,350,722 -- 38,548,644 Fund Balance, September 30, 1991 $ 11,40 $ 11, 5,82 $ -- 44,900, 79 E-14 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET ACTUAL FINE FORFEITURE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 3 , 19 1 Variance Favorable Budget Actual (Unfavorable) Revenues: -Taxes $ 21,39 ,436 $ 20,470,361 (929,075) intergovernmental 171,853 304,323 132,470 Charges for Services 119,184 180,493 61,309 Fines and Forfeitures 1,605,000 1,369, 91 264,291 Interest 350,000 477,834 127,834 Miscellaneous 1,000 12,886 11,886 Total Revenues 23,646,473 23, 15,13 ( 31,265) Expenditures: Current: GeneralGovernment: Witness Fees 614, 7 614,137 400 Handicap Parking Fines 5,00 -- 5,000 Total General Government 619, 37 614,137 5,400 PublicSafety: Sheriff's Other 1,636,211 1,566,256 69,955 LEEA Funds 7 ,000 74,989 11 Jail Operations 2,79 ,866 2,602,546 191,320 Total Public Safety 4,505,077 4,24 ,791 261,286 Total Expenditures 5,12 ,614 4,357,923 2 ,666 Excess of Revenues Over/ (Under) Expenditures 18,521,859 18,457,260 (64,599) Other Financing Sources (Uses): Reserve for Contingencies (2,184,236) _® 2,184, 86 Transfers from ther Funds 230,000 51,946 (178,054) Transfers to Other Funds (13,158,417) (17,566,37 ) 592,042 Total Other Financing Sources/(Uses) (20,112,703) (17,514,429) 2,598,274 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,5 0,844) 942,831 2,5 ,675 Fund Balance, October 1, 190 4,70 ,361 4,700, 61 _® Fund Balance, September 30, 1991 3,11 ,017 5,64 , 92 $ 2,5 , 75 E_15 MONROE COUNTY, FLORIDA STATEMENT F REVENUES, EXPENDITURES CHANGES IN FUND - BUDGET AND ACTUAL BRIDGEROAD AND C1L REVENUE FUND FOR THE FISCAL YEAR ENDEDSEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,400,000 $ 1,521,608 $ 121,608 Intergovernmental 2,300,000 2,504,472 ,47 Charges for Services 4,000 5,586 1,586 Interest 320,000 528,737 208,737 Miscellaneous -- 13,966 13,966 Total Revenues 4,024,000 4,574,369 550,369 Expenditures: Current: Transportation: Road Department 1,905,229 1,733,346 171,883 Boot Key Bridge 142,026 132,232 9,794 County Engineer 341,658 329,629 12,029 Local Option Gas Tax: Road Department, Operating 281,000 190,638 9 , 6 Street Lighting , 4 255,866 43,676 Local Option Gas Tax Projects 2,888,998 2,538,595 Gas Tax 5tht Cent Projects 3,927,936 1,174,665 2,75 ,21 US Dept of Interior Fish &Wildlife Service 453 453 -- In-house Projects 250,000 164,399 8 ,601 County Traffic Studies 100,000 -- 100,000 Total Expenditures 10,136,842 4,331,631 5, 05, 11 Excess of RevenuesOver/ (Under) Expenditures ( ,11 , 4 ) 24 ,78 6, 55, 8 Other Financing Sources(Uses): Reserve for Contingencies (164,177) -- 164,177 Transfers to Other Funds (1 ,380) (1 ,38 ) -- Total Other Financing Sources/(Uses) (177,557) (13, ) 16 ,177 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses ( ,20,399) 29,358 6,51 ,77 Fund Balance, October 1, 1990 7,571,360 7,571,360 -- Fund Balance, September 30, 11 $ 1,280,961 7,800,718 $ 6,51 ,75 E-16 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL LAIN LIBRARY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures 1 ,000 $ 1 ,523 4,523 Interest 100 64 ( 6) Miscellaneous -- 577 577 Total Revenues 15,100 20,164 5,064 Expenditures: Current: General Government: Aerations 14,545 13,277 1,268 Excess of Revenues Over/ (Under) Expenditures 555 6,887 6,332 Fund Balance, October 1, 1990 4,679 4,679 -- Fund Balance, September 30, 1991 $ 5,234 $ 11,566 $ 6,332 E-17 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT, DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 699,652 $ 70 , $ 714 Charges for Services -- 6,216 6, 16 Interest 3,084 17,810 1 ,726 Total Revenues 702,736 724,392 21,656 Expenditures: Current: EconomicEnvironment: Events 628,550 426,611 201,939 Cultural Umbrella 175,000 168,920 6,080 Fishing Umbrella 60,900 50,780 10,120 Total Expenditures 864,450 646,311 218,139 Excess of RevenuesOver/ (Under) Expenditures (161,714) 78, 81 2 ,795 Fund Balance, October 1, 1990 240,286 240, 86 -- Fund Balance, September 30, 191 $ 78,572 $ 318,367 $ 239,795 E-18 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT, DISTRICT TWO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taus $ 97, 1 $ 69, 2 $ (28,029) Charges for Services -- 619 619 Interest 700 5,55 4,805 Total Revenues 98,651 7 ,046 (2 ,60 ) Expenditures: Current: Economic Environment: Events 114,335 52,132 62,153 Cultural Umbrella 24,500 16,813 7,687 Fishing Umbrella 3,56 5,054 3,472 Total Expenditures 147,361 74,049 73,312 Excess of RevenuesOver/ (Under) Expenditures (46,710) 1, 97 50,707 Fund Balance, October 1, 1990 35,655 65,65 -- Fund Balance, September 3 , 191 $ 3 ,945 $ 37,652 $ 5 ,77 E-19 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT, DISTRICT THREE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable _Budge,t Actual (Unfavorable) Revenues: Taxes 195,903 $ 169,750 (26,153) Charges for Services -- 1,512 1, 12 Interest 812 4,724 3,912 Total Revenues 196,715 17 ,986 (20,729) Expenditures: Current: Economic Environment: Events 231,774 203,838 27,936 Cultural Umbrella 49,000 41,085 7,915 Fishing Umbrella 17,052 12,351 4,701 Total Expenditures 297,826 257,274 40,552 Excess of Revenues Over/ (Under) Expenditures (101,111) (81,288) 19,823 Fund Balance, October 1, 1990 127,858 127,858 -- Fund Balance, September 30, 1991 $ 26,747 $ 46,570 $ 19,823 E-20 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN A NC - BUDGET AND ACTUAL TOURIST DEVELOPMENT, CENT, DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDEDSEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 195,903 $ 173,896 $ (22,007) Charges for Services -- 1,552 1,552 Interest 4,848 7,450 2,602 Total Revenues 200,751 13 , 93 (17,853) Expenditures: Current: EconomicEnvironment: Events 219,353 157,446 61,97 Cultural Umbrella 4 ,00 42,172 6,626 Fishing Umbrella 17,052 12,677 4, 75 Total Expenditures 285,405 212,25 73,11 Excess of Revenues Over/ (Under) Expenditures (34,654) (29,397) 55,257 Fund Balance, October 1, 10 113,755 11 ,755 -- Fund alance, September 30, 1991 $ 29,11 34, 3 55, 57 -21 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT, DISTRICT FIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 209,896 $ 193,272 $ (16,624) Charges for Services -- 1,716 1,716 Interest 3,483 6,791 3,308 Total Revenues 213,379 201,779 (11,600) Expenditures: Current: Economic Environment: Events 264,977 180,861 84,116 Cultural Umbrella 52,500 46,637 5,863 Fishing Umbrella 18,270 14,019 4,251 Total Expenditures 35,747 241,517 94,230 Excess of Revenues Over/ (Under) Expenditures (122,368) (39,738) 82,630 Fund Balance, October 1, 1990 132,720 132,72 -- Fund Balance, September 30, 1991 $ 10,352 $ 92,982 82,630 E-22 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT, ADMINISTRATIVE AND PROMOTION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 2,899,633 $ 2,708,790 $ (190,843) Charges for Services -- 24,068 24,068 Interest 37,072 26,299 (10,773) Miscellaneous -- 4,073 4,073 Total Revenues 2,936,705 2,763,230 (173,475) Expenditures: Current: Economic Environment: Advertising and Promotion 2,509,405 2,138,687 370,718 Administrative Services 288,344 281,349 6,995 Fishing Umbrella Promotional 284,200 230,033 54,167 Total Expenditures 3,081,949 2,650,069 431,880 Excess of Revenues Over/ (Under) Expenditures (145,244) 113,161 258,405 Fund Balance, October 1, 1990 379,985 379,985 -- Fund Balance, September 30, 1991 $ 234,741 $ 493,146 $ 258,405 E-23 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budgetal (Unfavorable) Revenues: Taxes $ 1,074,735 $ 1,074,656 ( ) Charges for Services -- 9,549 9,549 Interest 147,412 98,76 (48,643) Total Revenues 1,2 ,147 1,18 74 (39,173) Expenditures: Current: Economic Environment: TDC Administrative 34,831 26,573 , Tourist Information ervice 108,721 101,259 7,462 Bricks and Mortar 1,405,653 226,803 1,178,850 Special Events 31 , 4 223,225 91,259 Promotion and Advertising 477,300 450,379 26,921 Total Expenditures 2,340,989 1,028,239 1, 1 ,75 Excess of RevenuesOver/ (Under) Expenditures (1,11 ,84 ) 154,735 1,27 , 77 Fund Balance, October 1, 1990 1,200,215 1, ,215 -- Fund Balance, September 3 , 191 1, 73 $ 1, 54,950 $ 1,27 , 77 E-24 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT TWO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 150,463 $ 106,964 (43,499) Charges for Services -- 950 950 Interest 14,248 12,075 (2,173) Total Revenues 164,711 119,989 (44,722) Expenditures: Current: Economic Environment: 3rd Cent Program 41,426 -- 41,426 TDC Administrative 4,694 2,645 2,049 Tourist Information Services 50,343 50,013 330 Bricks and Mortar 120,000 10,216 109,784 Promotion and Advertising 94,243 82,794 11,449 Special Events 4,850 -- 4,850 Total Expenditures 315,556 145,668 169,888 Excess of Revenues Over/ (Under) Expenditures (150,845) (25,679) 125,166 Fund Balance, October 1, 1990 158,253 158,253 -- Fund Balance, September 30, 1991 $ 7,408 132,574 $ 125,166 E-25 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT THREE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 300,926 $ 261,382 $ (39,544) Charges for Services -- 2,323 2,323 Interest 25,055 12,912 (12,143) Total Revenues 325,981 276,617 (49,364) Expenditures: Current: Economic Environment: 3rd Cent Program 46,446 -- 46,446 TDC Administrative 9,291 6,463 2,828 Tourist Information Services 116,018 93,521 22,497 Bricks and Mortar 60,900 60,459 441 Promotion and Advertising 248,668 234,818 13,850 Total Expenditures 481,323 395,261 86,062 Excess of Revenues Over/ (Under) Expenditures (155,342) (118,644) 36,698 Fund Balance, October 1, 1990 177,076 177,076 -- Fund Balance, September 30, 1991 $ 21,734 $ 58,432 $ 36,698 E-26 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUNDACTUAL TOURIST T,THREE CENT, DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER3 , 191 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 300,926 $ 268,295 (32,631) Charges for Services -- 2,384 2,384 Interest 2 ,300 3 , 60 15,960 Total Revenues 324,226 309,939 (14, 87) Expenditures: Current: EconomicEnvironment: 3rd Cent Program 1 ,364 -- 15,364 TDC Administrative 9,240 6,634 2,606 Tourist Information Services 85,00 77, 41 7,05 Bricks and Mortar 25,800 20,081 21 ,719 Special Events 61,560 18,988 42,572 Promotion and Advertising 425,000 27,710 17, 90 Total Expenditures 831,964 381,354 40,61 Excess of RevenuesOver/ (Under) Expenditures (507,738) (71,415) 46,32 Fund Balance, October 1, 190 59,313 539,313 -- Fund Balance, September 30, 11 $ 31,57 $ 467,898 $ 43 ,32 E-27 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT FIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variant Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 322,420 $ 296,702 $ (2 ,718) Charges for Services -- 2,636 2,636 Interest 39,984 47,0527,068 Miscellaneous -- 1,623 1, 23 Total Revenues 362,404 348,013 (14,391) Expenditures: Current: EconomicEnvironment: 3rd Cent Program 186,660 -- 186,660 TDC Administrative 1 , 28 7,336 , Tourist Information Services 119,730 115,065 4,665 Bricks and Mortar 350,000 53,780 296,220 Special Events 50,000 -- 50,000 Promotion and Advertising 252,357 2 ,575 5,78 Total Expenditures 969,075 4 ,756 56, 19 Excess of RevenuesOver/ (Under) Expenditures (66, 71) (74,743) 531,928 Fund Balance, October 1, 10 613,525 61 ,525 -- Fund Balance, September 30, 11 $ 6,854 $ 538,782 $ 531,928 E-28 O HOE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURESAND CHANGES FUND BALANCE- BUDGET AND .ACTUAL FIRE AND AMBULANCE IT ICT#1 - LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER0, 191 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 3,484,267 3,345,048 (139,219) Intergovernmental -- 74,615 74,615 Charges for Services 200,000 407,577 207,577 Interest 111,938 177,628 65,690 Miscellaneous 185 10,594 10,409 Total Revenues 3,796,390 4,015,462 219,072 Expenditures: Current: GeneralGovernment: Commissions and Fees 177,716 167,124 10, 94 Public Safety: Fire Rescue, Dist-Lower & Middle Keys 2,46,761 1,631,113 865,648 Ambulance, Dist-Lower & Middle Keys 1,910,695 1,892,679 18,016 EMS Matchingrant 98,451 98,451 ®- Total Public Safety 4,505, 07 3,622,243 883,664 Total Expenditures 4,6 3, 25 3,739,367 694,253 Excess of RevenuesOver/ (Under) Expenditures (887,235) 226,05 1,11 , 0 Other Financing Sources(Uses): Reserve for Contingencies ( 1 , 0 ) 21 ,403 Transfers to Other Funds (310, 4 ) (310,249) -- Total Other Financing Sources/(Uses) (52 ,652) ( 10,24 ) 213,403 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,41 ,337) (64,154) 1, 2 ,733 Fund Balance, October 1, 190 2,173,131 2,173,131 -- Fund Balance, September 30, 1991 $ 762,244 $ 2,088,977 $ 1,326,733 E-29 MONROE COUNTY, FLORIDA STATEMENTF REVENUES, EXPENDITURES CHANGES IN F - BUDGET AND ACTUAL FIRE I T IC # -TAVERNIER SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 440,440 $ 426,768 $ (13,672) Intergovernmental -- 35,164 35,164 Charges for Services -- 11,053 11,053 Interest 29,000 ,6 2 Total Revenues 469,440 507,610 38,170 Expenditures: Current: GeneralGovernment: Commissions and Fees 2 , 4 19,954 3,950 PublicSafety: Tavernier Volunteer Ambulance 17,437 116,328 1,10 EMS Matching rant 70,328 70, -- Tavernier Volunteer Fire Dept. 306,440 15,541 160,899 Total Public Safety 524,205 332,197 192,008 Total Expenditures 548,109 352,151 195,958 Excess of Revenues Overt(Under) Expenditures (78,669) 155,459 234,128 Other Financing Sources(Uses): Reserve for Contingencies (36,606) -- 36,606 Transfers to Other Funds (98,043) (98,043) -- Total Other Financing Sources/(Uses) (14, ) (98,043) 36,606 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses ( 1 , 13) 57,416 270,734 Fund Balance, October 1, 10 318,933 318,933 -- Fund Balance, September 30, 1991 $ 105,615 376,349270,734 E-30 MONROE COUNTY, FL ! STATEMENT F REVENUES, EXPENDITURES CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#6-KEY LARGO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER0, 1 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 885,853 858,583 $ (27,270) Intergovernmental -- 5,310 5,31 Charges for Services -- 6,316 6,316 Interest 42,000 71,390 29,390 Miscellaneous -® Total Revenues 927,853 91,62 13,79 Expenditures: Current: eneral Government: Commissions and Fees 44,097 33,667 5,410 PublicSafety: Key Largo Volunteer Ambulance 312,620 193,013 119,607 EMS Matching Grant 11,080 10,622 458 Key Largo Volunteer Fire Dept. 818,783 373,797 439,986 Total Public Safety 1,142,483 582,432 0, 51 Total Expenditures 1,18 ,530 621,119 565,461 Excess of RevenuesOver/(Under) Expenditures (258,727) 320,533 579,260 Other Financing Sources(Uses) Reserve for Contingencies (77,052) -- 77,052 Transfers to Other Funds (112, 16) (112, 18) -- Transfers from Other Funds 1,60 1,60 -- Total Other Financing Sources/(Uses) (188,170) (111,118) 77,052 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (446,897) 209,415 656,312 Fund Balance, October 1, 1990 685,851 685,851 -- Fund Balance, September 30, 1991 26, 54 65,266 $ 656,312 E-31 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES CHANGES IN FUND C - BUDGET AND ACTUAL TRANSLATOR SYSTEM SERVICEDISTRICT IAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 914,948 $ 876,959 $ (37,989) Intergovernmental -- 2 Charges for Services -- 12,633 12,633 Interest 15,480 36,230 ,7 Total Revenues 930,428 925,824 (4,604) Expenditures: Current: Culture and Recreation: Translator Operations 681,189 660,053 21,136 Translator Upgrade 189,480 170,232 19,248 Total Culture and Recreation 870,669 830,28540,384 DebtService: Principal 350,000 350,000 -- Interest 32,000 29,925 2,075 Total Debt Service 382,000 2,075 Total Expenditures 1,252,669 1, 1 ,210 42,459 Excess of RevenuesOver/(Under) Expenditures ( 22,241) (284,386) 7, 5 Other Financing Sources (Uses): Reserve for Contingencies ( , 77) 90,977 Transfers to Other Funds ( , 91) (2 , 1) -- Total Other Financing Sources/(Uses) (115, 8) ( , 1) 90,977 Excess of Revenues and Other Sources ved( nder) Expenditures and Other Uses-Budgetary Basis (47,90 ) (30 , 77) 128,832 Total Adjustment 350,000 350,000 -- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- AAP Basis ( 7, 09) 40,923 128,832 Fund Balance, October 1, 1990 143,119 143,119 -- Fund Balance, September 30, 191 $ 55, 10 184,042 $ 128,8 E-32 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL SPECIAL ROAD DISTRICT-CROSS KEY WATERWAY ESTATES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ $ 251 $ 251 Expenditures: Current: Transportation: Cross Key Lighting District 1,000 60 940 Excess of Revenues Over/ (Under) Expenditures (1,000) 191 1,191 Fund Balance, October 1, 1990 5,899 5,899 -- Fund Balance, September 30, 1991 $ 4,899 $ 6,090 $ 1,191 E-33 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL MARINERS HOSPITAL DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 2,331 $ 2,331 Expenditures: Current: Human Services: Mariners Hospital 1,000 57 943 Excess of Revenues Over/ (Under) Expenditures (1,000) 2,274 3,274 Fund Balance, October 1, 1990 35,304 35,304 -- Fund Balance, September 30, 1991 $ 34,304 $ 37,578 $ 3,274 E-34 MONROE COUNTY, FLORIDA STATEMENT PEN IT ES AND CHANGESIN FUND BALANCE® BUDGET AND ACTUAL UNINCORPORATED AREA SERVIC I T ICT- PLANNING, BUILDINGAND ZONING IAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTE t ER 30, 1 91 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,91,631 1,850,570 $ (71,111) Licenses and Permits 1,305,000 2,468,825 1,163,825 Intergovernmental 139,826 0, (109,458) Charges for Services _m 18,791 18,791 Fines and Forfeitures 7,500 11,115 3,615 Interest 180,000 13, 7 (36,003) Miscellaneous 5,000 11,435 6,435 "fetal Revenues 3,559,007 4,53 ,151 976,144 Expenditures: Current: GeneralGovernment: Planning and Zoning1,250,031 1, 7 , 34 173,397 Planning Commission 53,455 50,054 3,401 Comp Plan Team 373,057 162,268 10,7 9 Land Development Regulations 46,810 20,689 26,121 Planning/Building/Code Enforcement Fees 11 ,122 99,840 10,282 Planning and Building Refunds 25,000 15,758 9,242 Growth Management 111,428 10 ,369 5, 3 "Total General Government 1,96 ,903 1,531,632 438,271 Public Safety: Building Department 1,267,447 1,225,295 42,152 Code Enforcement 533, 0 492,285 46,055 Fire Marshall 296,636 283,766 12,870 Hazardous Material Plan 3,015 1,830 1,185 "Total Public Safety 2,105,438 2,00 ,176 102,262 Physical Environment: Environmental Resources 360,372 13,431 46,891 South FI Water ana ernent®Storm ater 90,000 -® 90,000 Total Physical Environment 450,372 313,481 136,891 E-35 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT- PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND -CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Debt Service: Principal Retirement 8,019 8,019 -- Interest and Fiscal Charges 3,773 3,740 33 Total Debt Service 11,792 11,759 33 Total Expenditures 4,537,505 3,860,048 677,457 Excess of Revenues Over/ (Under) Expenditures (978,498) 675,103 1,653,601 Other Financing Sources(Uses): Reserve for Contingencies (636,700) -- 636,700 Transfers to Other Funds (341,087) (341,087) -- Transfers from Other Funds 159,295 159,295 -- Total Other Financing Sources/(Uses) (818,492) (181,792) 636,700 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (1,796,990) 493,311 2,290,301 Fund Balance, October 1, 1990 1,620,834 1,620,834 -- Fund Balance, September 30, 1991 $ (176,156) $ 2,114,145 $ 2,290,301 E-36 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE- BUDGET AND ACTUAL UNINCORPORATED AREA SE VICE DISTRICT- PARKS AND RECREATION SPECIAL REVENUE FUN FOR THE FISCAL YEAR ENDED SEPTEMBER0, 1 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 146,673 $ 141,3 $ (5,334) Intergovernmental -- 1,696 1,696 Charges for Services 16,000 33,911 17,911 Interest 25,000 43,663 18,663 Miscellaneous 117,800 24,072 (93,728) Total Revenues 305,473 244, 61 (60,79 ) Expenditures: Current: Culture andRecreation: Summer School Recreation Program 55,000 48,062 6,938 .Parks & Beaches Unincorporated 396,511 333,47 13,044 Pigeon Key 56,872 56,544 323 Total Expenditures 508,383 488,073 20, 10 Excess of Revenues Over/(Under) Expenditures (202, 10) ( 4 ,3 ) (40,482) Other Financing Sources(Uses): Reserve for Contingencies (60,937) 60,937 `transfer to Other Funds (9,138) (9,138) -- Transfer from ther Funds 28,320 28,320 -- Total Other Financing Sources (Uses) (41,755) 19,132 60, 7 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (244,66 ) (224,210) 20,455 Fund Balance, October 1, 1990 362, 62 32,96 -- Fund alance, September 30, 1991 118,297 138,752 $ 20,455 E-37 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE- BUDGET AND ACTUAL IMPACT FEES SPECIAL REVENUE FUND FOR THE FISCAL Y E E 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 370,057 $ 370,057 Miscellaneous 80,000 1,075,673 995,673 Total Revenues 80,000 1,445,730 1,365,730 Expenditures: Current: Transportation: Fair Share Improvement Dist 1 20,000 3,220 16,780 Fair Share Improvement Dist 2 20,000 -- 20,000 Fair Share Improvement Dist 3 4 ,00 -- 40,000 Total Expenditures 80,000 3, 20 76,78 Excess of RevenuesOver/ (Under) Expenditures -- 1,442,510 1,442,510 Fund Balance, October 1, 190 4,667,881 4,667,881 -- Fund Balance, September 3 , 191 $ 4,667,881 $ 6,110,391 $ 1,442, 1 E-38 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL IMPACT FEES- PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 27,432 $ 27,432 Miscellaneous 35,000 78,666 43,666 Total Revenues 35,000 106,098 71,098 Expenditures, Current: Culture and Recreation: Fair Share Improvement Dist 1 2,500 257 2,243 Fair Share Improvement Dist 2 2,500 2,500 Fair Share Improvement Dist 3 30,000 30,000 Total Expenditures 35,000 257 34,743 Excess of Revenues Over/ (Under) Expenditures -- 105,841 105,841 Fund Balance, October 1, 1990 355,003 355,003 -- Fund Balance, September 30, 1991 $ 355,003 $ 460,844 $ 105,841 E-39 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, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 28,108 $ 28,108 Miscellaneous 10,000 130,222 120,222 Total Revenues 10,000 158,330 148,330 Expenditures: Current: Culture and Recreation: Fair Share Improvement ist 1 60,393 53,858 6,535 Fair Share Improvement ist 2 25,080 18,975 6,105 Fair Share Improvement Dist 3 47,773 27,988 19,785 Total Expenditures 133,246 100,821 32,425 Excess of RevenuesOver/ (Under) Expenditures (1 ,26) 57,509 18 ,75 Fund Balance, October 1, 10 374,409 374,409 -- Fund Balance, September 30, 191 $ 251,163 431,918 $ 180,755 E-40 MONROE COUNTY, FLORIDA STATEMENT U , EXPENDITURES AND CHANGES IN FUND - BUDGET AND ACTUAL IMPACT FEES -SOLID WASTESPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 22,632 $ 22,632 Miscellaneous 5,000 59,026 54,026 Total Revenues 5,000 31,653 76,658 Expenditures: Current: PhysicalEnvironment: Fair Share Improvement Dist 1 1,250 130 1,120 Fair Share Improvement Dist 2 1,250 1,250 Fair Share Improvement Dist 3 2,500 -- 2,500 Taal Expenditures 5,000 10 4,370 Excess®f RevenuesOver/ (Under) Expenditures -- 81,528 81,528 Fund Balance, October 1, 1990 21,461 21,41 -- Fund Balance, September 30, 1991 291,41 $ 372,989 $ 31,52 E-41 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- BUDGET AND ACTUAL IMPACT FEES - POLICE FACILITIES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ -- $ 18,267 18,267 Miscellaneous 10,000 74,672 64,672 Total Revenues 10,000 92,939 , Expenditures: Current: PublicSafety: Fair Share Improvement ist 1 19,250 15,810 ,440 Fair Share Improvement Dist 2 2,5 -- 2,500 Fair Share Improvement Dist 3 21,750 15,605 6,145 Total Expenditures 43,500 31,41512,085 Excess of RevenuesOver/ (Under) Expenditures ( ,500) 61,524 95,024 Fund Balance, October 1, 1990 231,229 21, -- Fund Balance, September 3 , 11 $ 197,729 $ 292,753 $ 95, 4 E-42 MONROE COUNTY, FL l STATEMENT OF REVENUES, EXPENDITURES CHANGES IN FUND - BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIALl ! T l T"SPECIAL REVENUE FUND FOR THE FISCAL Y T 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,17 , 17 $ 1,1 1, 31 (41,786) Charges for Services -- 15,791 15,791 Interest 55,000 137,717 82,717 Miscellaneous 21,659 21,659 Total Revenues 1,228,017 1,306,398 78,381 Expenditures: Current: General Government: Commissions and Fees 56,886 53,954 2,932 HumanServices: Trauma are Administration 99,245 77,739 21,506 Transportation and Treatment 741, 17 16,608 724,909 Pre-Transportation Hospital & Physical Care 57,040 4,379 52,661 Upgrading Facilities & Staff Services 342,239 134,735 207, 04 Total Human Services 1,240,041 233,461 1,006,580 Total Expenditures 1,29 ,927 287,415 1,09,51 Excess of Revenues Over/ (Under) Expenditures (63,910) 1,018, 33 1,087,893 Cher Financing Sources (Uses): Reserve for Contingencies (667,889) 667,889 Transfer to Other Funds (1,800) (1,800) ®® 'rota! Other Financing Sources (Uses) (66 ,639) (1,800) 667,889 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (738,599) 1,017,183 1,755,782 Fund Balance, October 1, 1990 1, 77, 3 1,277,393 -- Fund Balance, September 30, 1991 $ 538,794 $ 2,294,5761,75 ,73 E-43 MONROE COUNTY, FLORIDA SCHEDULE F REVENUES, EXPENDITURESAND CHANGES IN F - BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITYSPECIAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 19 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 1,705,000 $ 1,800,423 $ 95,423 Interest 100,000 259,157 159,157 Miscellaneous 582,500 819,231 236,731 Total Revenues 2,387,500 2,878,811 491,311 Expenditures: Current: General Government: Administrative 202,800 143,834 58,966 Cost of Land Sales and Transfers — 165,914 (165,914) Land and Land Rights Acquisition 4,191,000 1,743,314 2,447,686 Total Expenditures 4,393,800 2,053,062 2,340,738 Excess of Revenues Over/ (Under) Expenditures- Budgetary Basis (2,006,300) 825,749 2,832,049 Total Adjustments 3,608,500 1,159,401 (2,449,099) Excess of Revenues Over/ (Under) Expenditures, - GAAP Basis 1,602,200 1,985,150 382,950 Fund Balance, October 1, 1990 9,350,722 9,350,722 -- Fund Balance, September 30, 1991 $ 10,952,922 $ 11,335,872 $ 382,950 E-44 DEBT SERVICE FUNDS 1983 REFUNDING IMPROVEMENT BONDS To account for accumulation of resources for and payment of interest and principal on the long-term debt incurred in the building of the Marathon, Islamorada and Key Largo Libraries, improvements to Harry Harris Park, Key West Animal Shelter, and improvements to the Key West Administration Building located on Stock Island, 1988 A & B IMPROVEMENT REVENUE BONDS To account for accumulation of resources for and payment of interest and principal on the long-term debt incurred in the building of the Marathon and Plantation Key Jails and the Marathon Regional Service Center, SALES TAX BOND ANTICIPATION NOTES,.SERIES 1990 To account for accumulation of resources for and payment of interest and principal on the long-term debt incurred in the building of the Monroe County Detention Center located on Stock Island. This fund does not have a legally adopted budget. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS SEPTEMBER 30, 1991 1983 1988 A&B 1990 Refunding Improvement Sales Tax Bond Improvement Revenue Anticipation Bonds Bonds Notes Total ASSETS Assets: Cash with Fiscal Agent $ 5,354 $ -- $ -- $ 5,354 Due from ter Funds -- 60,775 -- 6 , 75 Restricted Assets: Cash 7,837 51,459 18,219 77,515 Investments at Cost or Amortized Cost 1, 7 ,277 305,168 -- 1,375,445 Total Assets $ 1,083,468 $ 417, 2 $ 18,219 1,519,089 LIABILITIES FUND EQUITY Liabilities: Matured Interest Payable $ 5,354 $ -- $ -- $ 5,354 Total Liabilities 5,354 -- -- 5,354 Fund Equity: Reserved for Debt Service 1,078,114 417,402 18,219 1,513,735 Total Fund Equity 1,078,114 417,402 18,219 1,513,735 Total Liabilities and Fund Equity $ 1,083,468 $ 417,402 $ 18,219 $ 1,519,089 F-1 MONROE COUNTY, FLORIDA COMBINING TAT T OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER30, 1991 1983 1988 A& B 1990 Refunding Improvement ales Tax Bond Improvement evenue Anticipation Bonds Bonds Notes Total Revenues: Intergovernmental 223,250 $ 702,265 -® 25,515 Interest 68,535 15,332 83,867 Total Revenues 291,785 717,597 -- 1,009,382 Expenditures: Debt Service 211,119 695,398 -- 906,517 Total Expenditures 211,119 695,398 -- 906,517 Excess of RevenuesOver/ (Under) Expenditures 80,666 22,199 -- 102,865 Fund Balance, October 1, 1990 997,448395,203 18,219 1,410, 70 Fund Balance, September 30, 1991 $ 1,078,114 417,402 18,219 $ 1,513,735 F-2 MONROE COUNTY, FLORIDA COMBINING T T T OF REVENUES, EXPENDITURES CHANGES IN F - BUDGET AND ACTUAL ALL T SERVICE FOR THE FISCAL T 30, 1991 1983 RefundingImprovement Bonds Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental , $ 2 , $ -- Interest 58,000 , 5 10,535 Total Revenues 281.250 291,785 10, 35 Expenditures: DebtService: Principal Retirement 35,000 35,000 -- Interest 175,619 175,619 -- Fiscal Charges 500 500 -- Total Expenditures 211,119 211,11 -- Excess of RevenuesOver/ (Under) Expenditures 70,131 80,666 10,535 Other Financing Sources (Uses): Reserve for Contingencies (55 ,068) -- 556,068 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (485,937) 80,666 566,603 Fund Balance, October 1, 1990 997,448 997,448 -- Fund Balance, September 30, 1991 $ 511, 11 $ 1, ,114 $ 566,603 F-3 1988 A&8 Improvement evenu on Total Variance Variance Favorable Favor le Budgetal (Unfavorable) Budget Actual (Unfavorable) 625,000 702,265 $ 77,265 848,250 $ 925,51577,265 16,000 1 , 32 ( ) 74,000 83,867 9,867 641,000 717,597 76,57 92, 50 1,09, 82 87,132 195,000 195,000 -- 230,000 2 ,000 -- 50 ,20 498,895 6,395 680,909 674,514 6,395 1,503 1,5 -- 2,003 2,003 -- 701,793 695,398 ,35 912, 12 906,517 6,395 (60,793) 22,199 82,992 9,338 102,865 93,527 157,157 -- (157,157) (398,911) -- 398,911 ,34 22,1 (7 ,165) (389,573) 102,865 492,438 395,203 395,203 -- 1,392,651 1,392,651 -- 4 1,5 7 417,402 (74,16 ) 1,03,078 1,49 16 492,438 F-4 (BLANK PAGE) CAPITAL PROJECT FUNDS COMPREHENSIVE IMPROVEMENTS To account for all major capital projects of Monroe County, REVENUE BOND CAPITAL IMPROVEMENTS To account for capital improvements allocated from the Revenue Bonds. ONE CENT INFRASTRUCTURE SURTAX To account for capital improvements allocated from the One Cent Infrastructure Tax. BOND ANTICIPATION CAPITAL IMPROVEMENTS To account for capital improvements allocated from the Sales Tax and Anticipation Note. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL CAPITAL PROJECT FUNDS SEPTEMBER 30, 1991 Key West Revenue Bond Comprehensive Animal Capital Improvements Shelter Improvements ASSETS Cash and Investments $ 728,211 $ - $ 653,126 Due from Other Funds 449 -- -- Due from Other Governmental Units -- -- -- Interest Receivable _- __ -- Total Assets $ 728,660 $ -- $ 653,126 LIABILITIES AND FUNDEQUITY Liabilities: Accounts Payable $ 2,592 $ -- $ 81,712 Contracts Payable -- -- 2,056 Due to Other Funds -_ _- 107,239 Total Liabilities 2,592 -- 191,007 Fund Equity: Fund Balances: Reserved for Encumbrances -- -- -- Reserved for Animal Shelter 5,424 -- -- Unreserved 720,644 -- 462,119 Total Fund Equity 726,068 -- 462,119 Total Liabilities and Fund Equity 728,660 $ -- $ 653,126 G-1 Bond One CentAnticipation Infrastructure Capi al surtaxImprovements Total 10,619,455 $ 6,422,642 18,423,434 101,310 -- 101,759 596,512 -- 596,512 -- 11,090 11,00 $ 11,317,277 ,433,732 19,132,795 158,182 $ 399,476 $ 641, 2 20,020 378,134 400,21 194,282 11,131 432,72 372,484 908,791 1,474,874 -- 6,250 6,250 -- -- 5,424 10,944,793 5,51 ,691 17,64 ,24 10,944,793 5,524,941 17,657,921 11,317,277 $ 6,43 ,732 $ 1 ,132,79 -2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Key West Revenue Bond Comprehensive Animal Capital Improvements Shelter Improvements Revenues: Taxes $ -- $ -- $ -- Interest 39,551 -- 104,896 Miscellaneous 1,060 -- -- Total Revenues 40,611 -- 104,896 Expenditures: CapitalOutlay: General Government 33,686 -- 206,210 Public Safety -- -- 915,814 Physical Environment -- -- -- Transportation __ __ -- Human Services -- -- 32,613 Culture and Recreation 4,061 -- 22,222 Total Expenditures 37,747 -- 1,176,859 Excess of RevenuesOver/ (Under) Expenditures 2,864 -- (1,071,963) Other Financing Sources/(Uses): Transfer to Other Funds -- -- (21,597) Transfer from thr Funds -- -- -- Total Other Financing Sources/(Uses) -- -- (21,597) Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses 2, 64 -- (1,0 , 0) Fund Balance, October 1, 1990 717,780 5,4241, 5 ,67 Equity Transfer T (From) Other 5,424 (5,424) -- Capital Project Funds Fund Balance, September 30, 1991 $ 76,06 $ -- $ 462,119 G-3 Bond One Cent Anticipation Infrastructure Capital Surtax Improvements Total 7,7 3,175 -- 7,763,175 458,690 537,415 1,140,552 -- -- 1,060 8,221,865 537,415 8,904,787 825,818 -- 1,0 ,714 498,917 2,453,456 3,868,187 37,52 -- 37,52 799,963 -- 799,963 -- -- 32,61 46,297 -- 72,580 2,20 ,557 2,453,456 5,87 ,61 6,013, 0 (1,91 ,041) 3,028,168 (598, 77) -- (620,474) 1,597 -- 21,57 (577,280) -® ( 98,877) 5,436,028 (1,916,041) 2,429,291 5,508,765 7,440,982 15,228,630 $ 10,944,793 $ 5,524,941 $ 17,657,921 G-4 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1991 Capital Projects, Comprehensive Improvements Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ $ Intergovernmental Interest 33,000 39.551 6.551 Miscellaneous 1,060 1,080 Total Revenues 33,000 40,611 7,611 Expenditures: Capital Outlay: General Government: Marathon Courthouse Parking Lot 70,270 24,433 45.837 Plantation Key Courthouse — — — Plantation Key-State Attorney&Clerk's Office 8.000 1,153 8,847 Administrative Buildings — — — General Governmental Facilities 11,700 8,100 3,800 Other Governmental Buildings — — — Public Safety: Fire Control Facilities — — — Detention/Correction Facilities — — — Stock Island Detention Facility — — — Marathon Jail — — — Emergency and Disaster Projects — — — Ambulance and Rescue Facilities — — — Physical Environment: Garbage/Solid Waste Facilities — — — Transportation: Monroe County Airports — — — Truman Annex Parking Lot — — — Human Services: Animal Control Facilities — — — Welfare Projects — — — Culture and Recreation: Parks and Recreational Facilities 5,000 4,061 939 Key Largo Library — — — Monroe County Libraries — — — Monroe County Cultural Facilities — — — Total Expenditures 94,970 37,747 57,223 Excess of Revenues Over/(Under)Expenditures (61.970) 2.864 64,834 Other Financing Sources/(Uses): Reserve for Contingencies (663,660) 653,660 Transfer to Other Funds Transfer from Other Funds Total Other Financing Sources/(Uses) (653,860) 653,660 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (716,630) 2,864 718,494 Fund Balance,October 1,1990 717,780 717.780 Equity Transfer To(From)Other Capital Project Funds 5,424 (5,424) Fund Balance,September 30,1991 $ 2,160 $ 726,068 $ 713,070 G-5 Capftaf Projects, Cap"Projects, Revenue Bond Capital Improvements One Cent Intrastructure Surtax Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavofable) $ $ a,em000 s 7,783.175 S 1,163,175 - - - 160,000 - (150.000) 80,000 104,896 24,896 53,000 459,690 405,8go 80,000 104A96 24,896 6,803,000 8.221,865 1,418,885 173,597 137,607 35,990 109,000 45,619 63,381 2,702 2,702 - 181,552 22,984 158,NS 1,658,401 172,982 1,385,439 - - 3,180,000 660,154 2,509,848 338,695 297,453 41,242 201,464 201,464 - 978.688 877,332 99,356 78,054 38,482 39,572 25,000 - 25,000 - - - - - 64,955 37,562 27,393 - 964,699 - 964,699 - - 800,000 799,963 37 7,000 - 7,000 - - - 32,613 32.613 - - - 20,868 16.312 4,356 294,000 294,000 5,910 5,910 - - - - - - - 434,000 40.034 393,9M - - - 250,000 8,263 243,737 1,610,082 1,178,859 433,223 8,068,916 2,208,557 5,860,359 (1,530,082) (1,071,963) 458,119 (1,265,918) 0,013,308 7,279,224 - (2,023,037) - 2,023,037 (21,597) (21,597) - (1,107,945) (599,877) 509,068 - 21,597 21,597 - (21,597) (21,597) - (3.109,385) (577,280) 2,532,105 (1,551,879) (1,093,560) 458,119 (4,375,301) 5,436,028 9,811,329 1,555.679 1.555,679 - 5.508,765 5,508,765 - 4,000 $ 482119 $ 458,119 $ 1,133,464 $ 10,944,793 3 9,811,329 G--6 (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 30,1901 Capital Projects, Bond Anticipation Capital Improvements Variance Favorable Budget Actual (Unfavorable► Revenues: Taxes $ Intergovernmental Interest 356,000 537,415 181,415 Miscellaneous Total Revenues 358,000 537,415 181,415 Expenditures: Capital Outlay: General Government: Marathon-Courthouse Parking Lot — Plantation Key Courthouse — Plantation Key- to Attorney&Clerk's Office — Administrative Buildings — General Governmental Facilities — Other Governmental Buildings — Public Safety: Fire Control Facilities — — Detention/Correction Facilities 25,972 25,181 791 Stock Island Detention Facility 7,753,210 2,428,275 5,324.935 Marathon Jail — — — Emergency and Disaster Projects — — — Ambulance and Rescue Facilities — — — Physical Environment: Garbage/Solid Waste Facilities — — — Transportation: Monroe County Airports — — — Truman Annex Parking Lot — — — Human Services: Animal Control Facilities — — — Welfare Projects — — — Culture and Recreation: Parke and Recreational Facilities — — — Key Largo Library — — — Monroe County Libraries — — — Monroe County Cultural Facilities — — — Total Expenditures 7,779,182 2,453.456 5,325,726 Excess of Revenues Over/(Under)Expenditures (7,423.182) (1,916,041) 5,507,141 Other Financing Sources/(Uses): Reserve for Contingencies — — Transfer to Other Funds — Transfer from Other Funds — Total Other Financing Sourcest(Uses) — — Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Use@ (7,423,182) (1,918,041) 5.507,141 Fund Balance,October 1,1990 7,440,982 7,440,982 — Equity Transfer To(From)Other Capital Project Funds — — — Fund Balance,September 30,1991 S 17,800 $ 5,524,941 $ 5,507,141 G-7 Total Variance Favorable Budget Actual (Unfavorable) 6, ,0 S 7,763,175 S 1,163,175 160,000 - (150,000) 522,000 1,140,552 018,562 - 1,080 1,060 7,272,000 8,904,787 1,632,787 70,270 24,433 45,837 173,597 137,607 35,990 8,000 1,153 6,847 111,702 48,321 63,381 1,751,&53 204,048 1,547,607 3,160,000 850,154 2.509,848 338,695 297,453 41,242 227,438 226.645 791 7,753,210 2,428,275 5,324,935 976,688 877,332 99,358 78,054 38,482 39,672 25,000 - 26,000 64,955 37,582 27,393 699 964,899 800,000 799,963 37 7,000 7,000 32,613 32,613 319,Ws 20,373 299,295 5,910 5,910 - 434,000 40,034 393,966 250,000 8,263 243,737 17,553,150 5,876,619 11,678,531 (10,281,160) 3,028,168 13,309,318 (2,676,897) - 2.878,697 (1,129,542) (820,474) 609,068 21,597 21,597 - (3,784,642) (598,877) 3,185,765 (14,065,792) 2.429,291 16,495,083 15,223,206 15.223.20e - - 5,424 (5.424) 1,157,414 $ 17,657,921 $ 18,489,659 G-8 (BLANK PAGE) ENTERPRISE FUNDS MUNICIPAL SERVICE DISTRICT, WASTE To account for the operations of the County's Solid Waste Services. CARD SOUND BRIDGE To account for the operations of the County's Card and Toll Bridge. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS SEPTEMBER 30, 1991 Municipal Service Card District Sound Waste Bridge Total ASSETS Current Assets: Cash and Investments $ 5,567,355 $ 2,099,390 $ 7,666,745 Cash with Fiscal Agent -- 13,427 13,427 Accounts Receivable: Delinquent Waste Collection Fees 1,564,568 -- 1,564,568 Allowance for Uncollectible Waste Collection Fees (1,107,475) -- (1,107,475) Other 121,389 -- 121,389 Allowance for Other Uncollectible (53,036) -- (53,036) Due from Other Governmental Units 9,475 3 9,478 Total Current Assets 6,102,276 2,112,820 8,215,096 Restricted Assets: Cash 2,288,493 -- 2,288,493 Investments at Cost or Amortized Cost 2,934,963 -- 2,934,963 Total Restricted Assets 5,223,456 -- 5,223,456 Property, Plant and Equipment (Net of Accumulated Depreciation) 9,779,112 1,405,097 11,184,209 Other Assets: Deferred Charges(Net) 336,248 -- 336,248 Total Assets $ 21,441,092 $ 3,517,917 $ 24,959,009 H-1 Municipal Svc Card District Sound Waste Bridge Total LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 1,319,843 $ 7,867 $ 1,327,710 Accrued Wages Benefits Payable 79,424 21,269 100,693 Claims and Judgements Payable 285,208 285,208 Due to Other Funds 42,792 27,661 70,453 Matured Bonds Payable 10,000 10,000 Matured Interest Payable 306 306 Matured Premium Payable 3,121 3,121 Deposits in Escrow 50,183 50,183 Total Current Liabilities 1,777,450 70,224 1,847,674 Current Liabilities Payable from Restricted Assets: Contracts Payable 42,626 42,626 Accrued Interest Payable 308,298 308,298 Special Obligation Notes Payable 215,616 215,616 Revenue Bonds Payable 180,000 180,000 Landfill Closure Costs 4,440,189 4,440,189 Total Current Liabilities Payable from Restricted Assets 5,186,729 5,186,729 Long-Term Liabilities: Accrued Compensated Absences 93,682 8,953 102,635 Special Obligation Notes Payable 435,603 435,603 Revenue Bonds Payable 9,390,000 9,390,000 Due to they Governmental Units 1,770,000 1,770,000 Total Long-Term Liabilities 11,689,285 8,953 11,698,238 Total Liabilities 18,653,464 79,177 18,732,641 Fund Equity: Contributed Capital 2,805,649 2,761 2,808,410 Retained Earnings: Reserved for Revenue and Retirement 2,903,620 2,903,620 Unreserved (2,921,641) 3,435,979 514,338 Total Retained Earnings (Deficit) (18,021) 3,435,979 3,417,958 Total Fund Equity 2,787,628 3,438,740 6,226,368 Total Liabilities and Fund Equity $ 21,441,092 $ 3,517,917 $ 24,959,009 H-2 MONROE COUNTY, FLORIDA COMBINING STAT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Municipal Svc Car District Sound Waste ridge Total OperatingRevenues: Toils $ -® $ 868,025 $ 868,025 Charges for Services 9,777,453 9,777,453 Franchise Fees 2,445,608 2,445,608 Miscellaneous 79,323 79,332 Total Operating Revenues 1 ,32,3 13,170,418 Operating Expenses: Personal Services 2,096,728 345,508 ,442,23 Aerations 8,355,619 627,590 8,983,209 Landfill Closure Costs 444,569 -- 444, 6 Depreciation 1,088,430 ,79 1,1 ,229 Total Operating Expenses 11,985,346 1,038,897 1 ,024,23 Operating Income (Loss) 317,038 (170,863) 146,175 Non-Operating Revenues (Expenses): Taxes 36 3 Operating rants 264,724 264,724 Interest Income 776,869 146,055 922,924 Interest Expenses and Fiscal Charges (72,445) -- (7 ,445) Loss on Disposition of Assets ( 314) (96) ( 8,410) Total Non-Operating Revenues (Expenses) 270,870 145,959 416,82 Income (Loss) Before Operating Transfers 587,908 ( 4,90 ) 5 ,004 Operating Transfers: Transfers from Other Funds 2,096,436 2,096,436 Transfers to Other Funds (1,653, 6) (13,380) (1, 7,316) Total Operating Transfers 44 ,50 (1 , 80) 429,120 Net Income (Loss) Before Extraordinary Item 1,030,408 (38,284) 992,124 Extraordinary(Loss) on Advance Refunding (1, 11,716) -- (1,011,716) Net Income (Loss) 18, (38,284) (19,592) Fund Equity-October 1, 1990 2,768,936 3,477,024 6,245,960 Fund Equity-September 30, 1991 $ 2,787,628 $ 3,438,740 $ 6,226,368 H-3 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Municipal Service Card District Sound Waste Bridge Total Cash flows from operating activities: Cash received for services $ 12,625,786 $ 868,025 $ 13,493,811 Cash payments to suppliers for goods and services (7,747,005) (605,282) (8,352,287) Cash payments to employees for services (2,224,492) (340,202) (2,564,694) Other operating revenue 79,323 9 79,332 Net cash provided (used) by operating activities 2,733,612 (77,450) 2,656,162 Cash flows from noncapital financing activities: Taxes 36 36 Operating grants received 396,512 396,512 Operating transfers in 2,096,436 2,096,436 Operating transfers to other funds (1,653,936) (13,380) (1,667,316) Net cash provided (used) by noncapital financing activities 839,048 (13,380) 825,668 Cash flows from capital and related financing activities: Proceeds from sale of revenue bonds 9,225,311 9,225,311 Additions to fixed assets (2,945,404) (27,843) (2,973,247) Repayments of long term debt (10,090,689) (10,090,689) Interest paid on long term debt (564,622) (564,622) Net cash provided (used) by capital and related financing activities (4,375,404) (27,843) (4,403,247) Cash flows from investing activities: Net purchases, sales, and maturities of investments (783,731) -- (783,731) Interest on investments 776,869 146,055 922,924 Net cash provided (used) by investing activities (6,862) 146,055 139,193 Net increase (decrease) in cash and cash equivalents (809,606) 27,382 (782,224) Cash and cash equivalents at beginning of year 8,665,454 2,072,008 10,737,462 Cash and cash equivalents at end of year 7,855,848 $ 2,099,390 $ 9,955,238 H-4 (Continued) (BLANK PAGE) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Municipal Service Card District Sound Waste Bridge Total Operating income (loss) $ 317,038 $ (170,863) $ 146,175 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 1,088,430 65,799 1,154,229 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 396,850 396,850 Due from other governmental units (3) (3) (Decrease)/Increase in: Accounts payable 946,467 2,538 949,005 Accrued wages (66,494) 6,417 (60,077) Due to other funds (336,977) (1,111) (338,088) Deposits 5,875 5,875 Landfill Closure Costs 444,569 444,569 Compensated Absences (61,271) 19,773 (41,498) Asserted and paid claims (875) (875) Total adjustments 2,416,574 93,413 2,509,987 Net cash provided (used) by operating activities $ 2,733,612 $ (77,450) $ 2,656,162 SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING, CAPITAL AND INVESTING ACTIVITIES In April, 1991 the County issued Municipal Service District Refunding Revenue Bonds, which resulted in a loss of$1,011,716. The unamortized issuance costs on the refunded bonds was $304,683. Amortization of Municipal Service District and issuance and discount costs were $21,735. The Municipal Service District retired certain plan assets having a net book value of$38,314. H-5 MONROE COUNTY, FLORIDA SCHEDULEF EXPENDITURES - BUDGET AND ACTUAL MUNICIPAL S ICES DISTRICT-WASTE FOR THE YEAR ENDED SEPTEMBER30, 1991 Variance Favorable Budget Actual (Unfavorable) Operating x n iturs: Administration $ 1,148,865 $ 1,083,339 $ 65,526 Hazardous ste 196,776 150,283 ,4 Franchise r tors 3,046,469 2,819,823226,646 Indirect osts 300,000 300,000 Facilities Operations 260,775 218,248 7 Cujoe Key Transfer Station 1,074,058 1,058,779 15,279 MSD-Cudjoe Key Landfill 54,59 523,854 695 Long Key Transfer Station 1,61 , 7 1,512,054 101, 3 MSD-Long KeyLandfill 672,375 671,603 772 Key Largo Transfer Station 1,743,992 1,508,852 ,1 MS -Key Largo Landfill 407,732 352,538 55,194 Pollution Control 33,760 274,776 28,984 Recycling 658,183 57,43 130,740 Recycling rant Year 2 44,182 , 1 14,969 Recycling rant Year 2 Local Match 5,5084,324 1,184 Recycling Grant Year 3 43,623 41,521 2,102 Capital Equipment Financing Note 65,265 65,265 -- Key Largo Landfill Closure 450,000 55,000 395,000 Total Operating Expenditures 12,559,169 10,896,915 1,662,254 Non-Operating Expenditures: Debt Service: Principal Retirement 975,488 975,488 -- Interest Expenses and Fiscal Charges 616,674 612,941 3,733 Bond Issuance Costs 80, 00 73, 92 6,008 Capital Outlay 1,588,592 988,939 599,653 Total Non-Operating Expenditures 3,260,754 2,651,360 609,39-4 Operating Transfers andReserves: Transfers to Other Funds 1,656,937 1,653,936 31001 Reserve for Contingencies 3,614,286 3,614,286 Total Operating Transfers and Reserves 5,271,223 1,653,936 3,617,287 Total Expenditures $ 21,091,146 $ 15,202, 11 $ 5,888,935 H-6 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL CARD SOUND BRIDGE FOR THE YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Card Sound Road &Toll Bridge $ 522,938 $ 502,372 $ 20,566 Non-Operating Expenditures: Capital Outlay 683,390 498,569 184,821 Loss on Disposition of Assets 96 96 Total Non-Operating Expenditures 683,486 498,665 184,821 Operating Transfers and Reserves: Transfers to Other Funds 13,380 13,380 Reserve for Contingencies 1,838,401 1,838,401 Total Operating Transfers and Reserves 1,851,781 13,380 1,838,401 Total Expenditures $ 3,058,205 $ 1,014,417 $ 2,043,788 H-7 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1991 DESCRIPTION SEPTEMBER 30, 1991 Refunding Bonds Series 1991 Original authorization $9,570,000 Unissued -- Issued 9,570,000 Retirements through September 30, 1991 -- Balance outstanding September 30, 1991 $9,570,000 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: 5.20% Maturities 1992 6.15% Maturities 1999 5.40% Maturities 1993 6.30% Maturities 2000 5.60% Maturities 1994 6.40% Maturities 2001 5.70% Maturities 1995 6.50% Maturities 2002 5.80% Maturities 1996 6.60% Maturities 2003 5.90% Maturities 1997 6.75% Maturities 2011 6.00% Maturities 1998 Average interest cost rate 6.44% Call feature 1999 102 2000 101 2001-2011 100 Paying agent Citizens and Southern Trust Co. NA Ft. Lauderdale, Florida H-8 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT OF E30NDS ® SERIES 1991 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 191 , 70,000 Refunding Improvement Bonds-Series 1991 Fiscal Original Interest Total Year Principal Debt Service 1991 $ -- $ 307,834 $ 307,834 1992 180,000 615, 68 795,668 1993 285, 00 606,307 891,37 1994 300,000 590,918 80,91 1995 315,000 574,117 889,117 1996 335,000 556,162 891,16 1997 355,000 536,732 891,732 1998 375,000 515,788 890,788 1999 405,000 493,288 898,288 2000 425,000 468,380 893,380 2001 455,000 441,605 896,605 002 480,00 41 ,485 82,485 3 510,000 381,285891,285 2004 540, 00 347,625 887,625 2005 58 ,000 311,175 891,17 2006 615,000 272,025 887,025 7 650,000 230,512 88 ,51 2008 690, 00 186,638 876,638 9 735,000 140,062 87 ,062 2010 640,000 90,450 70,450 211 700,000 47,250 747, 5 $ 9,570,000 $ 8,126,306 $ 17,696,306 d (BLANK PAGE) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS SEPTEMBER 30, 1991 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Total ASSETS Current Assets: Cash and Investments 1,503,829 $ 1,201,689 $ 3,689,776 Accounts Receivable 16,841 191,062 -- 207,903 Due from th r Funs 347,585 87,310 6,352 41,247 Due from tr Governmental Units 1,650 570 2,220 Total Current Assets 1,350,334 1,782,771 1,208,041 4,341,146 Property, Plant and Equipment (Net, Where Applicable, of Accumulated Depreciation) 17, 1 2,867 23,619 43,877 Total Assets 1,37,725 $ 1,785,638 $ 1;231,6 $ 4;385,023 LIABILITIES IT Current Liabilities: Accounts Payable $ 90,971 $ 15,619 $ 41, 52 $ 148,542 Accrued Wages and Benefits Payable 6,284 3,997 4,993 1 ,27 Claims &Judgments Payable 545,866 1,048,597 990,700 2,585,163 Due to Other Funds 81,77 6,609 1,535 89,901 Other Current Liabilities -- 4,405 4,405 Total Current Liabilities 724,878 1,079,227 1,039,180 2,843,285 Long-Term Liabilities: Accrued Compensated sences 9,952 5,478 4,786 20,216 Total Liabilities 74,830 1, ,75 1,043,966 2,863,501 Fund Equity: Retained Earnings: Reserved for Encumbrances -- -- 71 741 Unreserved 632,895 700,933 186,953 1,520,781 Total Fund Equity 632,895700,933 187,694 1,521,522 Total Liabilities and Fund Equity $ 1,367,725 $ 1,785,638 $ 1,231,660 $ 4,385,023 H-10 INTERNAL SERVICE FUNDS WORKER'S COMPENSATION To account for departmental and agency revenues used for the purpose of financing Monroe County's Worker's Compensation Program. GROUP INSURANCE To account for departmental and agency revenues used for the purpose of financing Monroe County's Group Insurance Program. RISK MANAGEMENT To account for Monroe County's safety and loss control program, risk management administration and uninsured losses. MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL INTERNAL SERVICE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Worker's Group Risk Compensation Insurance ana a ent Fund Fund Fund Total Operating Revenues: Charges for Services 1,316,922 $ 4,875,479 $ 1, 11,35 $ 7,20 ,75 Miscellaneous 789 2,694 592 4,075 Total Operating Revenues 1,317,711 4,378,173 1,011,947 7,207,331 Operating Expenses: Personal Services 114,273 90,484 96,311 301,073 Operations 358,627 775,096 678,875 1,81 ,593 Depreciation 3,856 604 3,651 6, 11 Asserted and Paid Claims 623,681 3,579,670 465,130 4,673, 31 Total Operating Expenses 1,10 ,442 4,446,054 1,24 ,967 6,7 ,463 Operating Income (Loss) 212,269 432,119 (232,020) 412,368 Non-Operating Revenues(Expenses): Interest 33,369 34,403 32,644 150, 21 Income (Lass) Before Operating Transfers 245, E 466,527 (149,376) 52,76 Operating Transfers: Transfers to Other Funds (8,970) (8,970) (6,970) (26, 10) Net Income (Loss) 23 ,663 457,557 (153,346) 535,379 Fund Equity-- October 1, 1990 396,227 243,376 350,232989,835 Equity Transfer -- -- (4,12) (4,19 ) Fund Equity- September 30, 1991 $ 632,895 $ 700,93 $ 137,64 $ 1, 21,52 H-11 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Worker's Group Risk Compensation Insurance Management Fund Fund Fund Total Cash flows from operating activities: Cash received for services $ 1,277,103 $ 5,046,169 1,005,742 $ 7,329,014 Cash payments to suppliers for goods and services (873,877) (4,125,523) (721,255) (5,720,655) Cash payments to employees for services (109,317) (91,778) (97,650) (298,745) Other operating revenue 789 2,694 592 4,075 Net cash provided (used) by operating activities 294,698 831,562 187,429 1,313,689 Cash flows from noncapital financing activities: Operating transfers to other funds (8,970) (8,970) (8,970) (26,910) Cash flows from capital and related financing activities: Additions to fixed assets (7,382) (773) (13,639) (21,794) Cash flows from investing activities: Interest on investments 33,369 34,408 82,644 150,421 Net increase in cash and cash equivalents 311,715 856,227 247,464 1,415,406 Cash and cash equivalents at beginning of year 672,543 647,602 954,225 2,274,370 Cash and cash equivalents at end of year $ 984,258 $ 1,503,829 1,201,689 $ 3,689,776 H-12 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Worker's Group is Compensation Insurance Management Fund Fund Fund Total Operating income (loss) $ 212,269 $ 432,119 $ (232,020) $ 412,368 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 3,856 804 3,651 8,311 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable (16,614) 176,139 -- 159,525 Due from other funds (39,966) 159,148 (5,613) 113,569 Due from other governmental units 147 11,542 -- 11,689 (Decrease)/Increase in: Accounts payable 51,873 (41,432) 29,621 40,062 Accrued wages 716 (1,165) (1,670) (2,119) Due to other funds 78,172 6,149 (1,071) 83,250 Compensated Absences 4,245 (129) 331 4,447 Asserted and paid claims -- 84,399 394,200 478,599 Other current liabilities -- 3,988 -- 3,988 Total adjustments 82,429 399,443 419,449 901,321 Net cash provided (used) by operating activities $ 294,698 $ 831,562 $ 187,429 $ 1,313,689 H-1 3 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL WORKER'S COMPENSATION FUND FOR THE YEAR ENDED SEPTEMBER 30, 1991 Variant Favorable Budget Actual (Unfavorable) Operating Expenditures: Administrative 114,165 $ 112,066 $ 2,099 Operations and Claims 1,036,935 966,625 70,310 Safety& Loss Control 25,455 22,895 2,560 Total Operating Expenditures 1,17 ,55 1,101,586 74,969 Non-Operating Expenditures: Capital Outlay 15,345 7,383 7,962 Operating Transfers andReserves: Reserve for Contingencies 508,628 -- 508,628 Transfers to Other Funds 8,970 8,970 -- Total Operating Reserves 517,598 8,970 508,628 Total Expenditures $ 1,70 , 98 $ 1,117,939 $ 591,559 H-14 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES ACTUAL GROUP INSURANCE FOR THE D SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration 120,348 $ 11 ,285 8,063 Group Insurance Claims 4,375,276 4,332,965 42,311 Total Operating Expenditures 4,4 5,64 4,445,250 50,374 Non-Operating Expenditures: Capital Outlay 6,856 773 6,083 Operating Transfers andReserves: Reserve for Contingencies 1,162,615 1,162,615 Transfers to Other Funds 8, 0 8, 70 ®� Total Operating Reserves 1,171,585 8,970 1,16 ,615 Total Expenditures $ 5,674,065 $ 4,454,993 $ 1, 1 ,072 H-15 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL RISK MANAGEMENT FUND FOR THE YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 92,938 $ 92,355 $ 583 Risk Management Claims 1,107,747 1,107,741 6 Safety and Loss Control 40,757 40,219 538 Total Operating Expeditures 1,241,442 1,240,315 1,127 Non-Operating Expenditures: Capital Outlay 14,756 13,639 1,117 Operating Transfers and Reserves: Reserve for Contingencies 591,573 -- 591,573 Transfers to Other Funds 8,970 8,970 -- Total Operating Reserves 600,543 8,970 591,573 Total Expenditures $ 1,856,741 $ 1,262,924 $ 593,817 H-16 FIDUCIARY FUNDS INMATE WELFARE To account for funds of the inmates incarcerated in the Monroe County Jail, This fund does not have a legally adopted budget. LAW ENFORCEMENT TRUST To account for the funds used for the purpose of training police officers and supporting personnel in the prevention, investigation, detection and identification of crime. DRUG ABUSE TRUST To account for assessments collected for drug abuse programs and to disburse assistance grants on an annual basis for drug abuse treatment and/or educational programs which meet the standards for qualification of such programs by the Department of Health and Rehabilitatiave Services. SHARED COUNTY&STATE HEALTH CARE PROGRAM To account for the shared county and state program of health care services to low-income persons. DEFERRED COMPENSATION PLAN To account for assets held for employees in accordance with the provisions of internal Revenue Code Section 457. CLERK ALA To account for revenues collected for recording fees, circuit and civil filing fees, criminal and traffic fines, and other miscellaneous fees. SHERIFF GENERAL AGENCY To account for the personal services, operating expenses and capital outlay within the law enforcement, corrections and court services of the Sheriff's Office. TAG AND LICENSE To account for revenues collected from the issuance of vehicle and boat registrations, applications and transfers of title, occupational licenses and other miscellaneous licenses. PROPERTYTAX To account for the collection and distribution of ad valorem and tangible personal property taxes. COURT FACILITY FEES To account for revenues collected upon the institution of any civil action, suit or proceeding to be used exclusively in providing and maintaining existing and future facilities for the use of the Circuit and County Court system. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL FIDUCIARY FUNDS SEPTEMBER 30, 1991 EXPENDABLE FUNDS Law Drug SharedCounty Inmate norc a use &State Health Welfare Trust Trust Care Program ASSETS Cash and Investments $ 7,307 $ 47,392 $ 10,979 $ 4,224 Accounts Receivable -- -- -- -- Due from Other Funds -- -- -- Due from Other Governmental Units -- 23,792 35 -- Total Assets $ 7,307 $ 71,184 $ 11,014 $ 4,224 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ -- $ 1,798 $ -- $ -- Due to Others 5,170 -- -- -- Due to Other Governmental Units -- -- -- -- Total Liabilities 5,170 1,798 -- -- Fund Balances: Reserved for Trust Fund Purposes 2,137 69,386 11,014 4,224 Total Fund Equity 2,137 69,386 11,014 4,224 Total Liabilities and Fund Balances $ 7,307 $ 71,184 $ 11,014 $ 4,224 I-1 AGENCY FUNDS Court Deferred Clerk ere Facilities Compensation General General Tag and Property Fees Plans Agency Agency Ucense Tax Total 46,079 948,420 1,933,749 526,320 $ 171,343 2,722,437 6,418, 50 -- -- 17,702 -- 5,143 3,387 26,22 40, 60 -_ -_ ®_ __ -_ 40, 60 -- -- 3,738 111 -- -- 27,676 86,639 948,420 $ 1,955,189 $ 56,431 176,486 $ 2,725,824 $ 6,512,718 $ -_ $ __ $ -_ $ -_ $ -- $ -® 1,798 -- 98,40 1,124,375 519,848 9, 1 3,268 2,610,642 _- -- 8 ,814 6,583 166,95 2,722,556 3,76,878 -- 948,420 1,955,189 526,431 176,486 2,725,824 6,339,318 86,639 -- -- -- -- -- 173,400 86,639 -- __ __ __ -_ 173,400 $ 86,639 $ 948,420 $ 1,955,189 $ 526,41 $ 176,486 $ 2,725, 24 $ 6,512,71 1-2 MONROE COUNTY, FLORIDA COMBINING T T OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCES ALL EXPENDABLE TRUST FOR THE FISCAL Y TEMBER 30, 1991 Law Drug Inmate Enforcement Abuse Welfare Trust Trust Revenues: Intergovernmental $ -- $ -- $ -- Fines & Forfeitures -- 122,403 5,793 Interest -- 1,601 386 Miscellaneous 89,698 -- -- Total Revenues 89,698 124,004 6,179 Expenditures: Current: Public Safety 89,875 62,962 -- Human Services -- -- Total Expenditures 89,875 62,962 -- Excess of RevenuesOver/ (Under) Expenditures (177) 61,042 6,179 Cher Financing Sources (Uses): Transfers from ter Funds -- -- -- Excess of RevenuesOver/ (Under) Expenditures and Other Uses (177) 61, 42 6,179 Fund Balance, October 1, 1990 2,314 8,3444,835 Equity Transfer From eral Revenue Fun -- -- -- Fund Balance, September 30, 1991 $ 2,17 $ 69,386 $ 11, 14 1-3 Shared County Court State Health Facilities Care-Program Fees Total , -- $ 3,665 -- -- 128,196 536 -- 2,52 ®® ®... ,693 4,201 -- 224,082 ®® ®® 152,837 5,638 -- 5,638 5,638 -- 158,475 (1,43 -- 65,607 -- 40,560 40,560 (1,437) 40,560 106,167 5,661 -- 21,154 -- 46, 79 46,079 4,224 86,639 $ 17 ,400 i MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR FISCAL YEAR ENDED SEPTEMBER 30, 1991 Balance Balance October 1, September 30, 1990 Additions Deductions 1991 DEFERRED COMPENSATION ASSETS Cash and Investments $ 380,248 $ 613,256 $ 45,084 $ 948,420 LIABILITIES Due to Others $ 380,248 $ 613,256 $ 45,084 $ 948,420 CLERK L : ASSETS Cash and Investments $ 1,566,018 $ 14, ,342 $ 14,618,611 1,933,749 Accounts Receivable 14,024 32,53228,854 17,702 Due from ter Governmental Units 452 28,723 25,437 3,738 Total Assets $ 1,580,494 $ 1 ,047,597 $ 14,672,902 $ 1,955,189 LIABILITIES Due to Others $ 958,682 $ 5,305,299 $ 5,1 ,606 $ 1,1 , 75 Due to Other Governmental Units 621,812 9,74 ,28 9,533,296 830,814 Total Liabilities $ 1,58 ,494 $ 15,047,597 $ 14,672, 2 $ 1,955,189 SHERIFF GENERAL AGENCY: ASSETS Cash and Investments $ 76,27 1,662,855 1,862,742 $ 526,320 Due from they Governmental Units -- 111 -- 111 Total Assets $ 76,27 $ 1,662,966 $ 1,862,742 $ 526, 31 LIABILITIES Due to Others 721,283 $ 1,590,787 $ 1,792,222 519,848 Due to Other Governmental Units 4,94 72,179 70,520 ,5 Total Liabilities $ 76, 07 $ 1,66 ,966 $ 1,862,742 $ 526,41 1-5 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY U - C Tt FOR FISCAL YEAR ENDED SEPTEMBER , 1 1 Balance Balance October 1, September 30, 1990 Additions Deductions 1991 TAG AND LICENSES: ASSETS Cash and Investments 147,600 $ 5,110,916 $ 5,087,173 $ 11,343 Accounts eceivable 2,195 2,948 -- 5,14 Total Assets $ 149,795 $ 5,113,864 , 67,173 $ 176,486 LIABILITIES Due to Others $ 7,148 $ 3,904 $ 1,41 , 1 Due to Other Governmental Units 142,647 5,109,960 5,085,682 166,925 Total Liabilities 149,795 $ 5,113,864 $ 5,087,173 $ 176,486 CPS TAX: ASSETS Cash and Investments $ 2,032,72 $ 111,059,562 110,3 ,377 $ 2,72, 37 Accounts Receivable 369 3,013 -- 3,387 Total Assets $ 2,03,121 $ 111,062,580 $ 11 ,36 ,377 $ 2,725,824 LIABILITIES Due to Others $ 28,933 $ 5,101,954 $ 5,127,619 $ 3,268 Due to Other Governmental Units 2,0 4,133 105,960,626 105,242, 53 2,722,55 Total Liabilities $ 2,033,121 $ 111,062,580 $ 110,369,877 $ 2,72 ,824 TOTAL ALL AGENCYFUNDS: ASSETS Cash and Investments $ 4,852,825 $ 13,4 ,931 $ 131,983,487 $ 6, ,269 Accounts Receivable 1 ,533 38,498 28,854 26,232 Cue from ter Governmental Units 452 23,634 25,437 3,849 Total Assets $ 4,869,865 $ 133,500,263 $ 132,037,778 $ 6,332,350 LIABILITIES Due to Others $ 2,06,24 $ 12,615,200 $ 12,106, 22 $ 2,605,472 Due to Other Governmental Units 2,773,51 120,365,063 119,931,756 3,7 ,376 Total Liabilities $ 4,869,865 $ 133,500,263 $ 132,0 7,778 $ 6,332,350 1-6 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LAW ENFORCEMENT T EXPENDABLETRUST FOR THE FISCAL Y T 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ 98,611 $ 122,403 $ 23,792 Interest -- 1,601 1,601 Total Revenues 98,611 124,004 25,393 Expenditures: Current: Public Safety 106,944 62,962 43,982 Excess of Revenues Over/ (Under) Expenditures (8,333) 61,042 69,375 Fund Balance, October 1, 1990 8,344 8,344 -- Fund Balance, September 30, 1991 $ 11 $ 69,386 $ 69,375 1-7 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDiTURES CHANGES IN FUND BALANCEACTUAL DRUG ABUSE TRUST EXPENDABLETRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ -- 5,793 $ 5,793 Interest ®- 386 386 Total Revenues `® 6,179 6,179 Expenditures: Current: Human Services 471 -- 471 Excess of RevenuesOver/ (Under) Expenditures (471) 6,179 6,650 Other Financing Sources (Uses): Reserve for Contingencies (4, ) -- 4,239 Transfer from Other Funds 4,710 -- (4,710) Total Other Financing Sources/(Uses) 471 -- (471) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses -- 6,179 6,179 Fund Balance, October 1, 1990 4,835 4,33 -- Fund Balance, September 30, 1991 4,835 11,014 $ 6,179 l-6 MONROE COUNTY, FLORIDA STATEMENT F REVENUES, EXPENDITURES CHANGES IN F ACTUAL SHARED COUNTY LT EXPENDABLET FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ -- $ 3,665 $ 3,665 Interest -- 536 536 Total Revenues -- 4,201 4,201 Expenditures: Current: Human Services 5,638 5,638 -- Excess of Revenues Over/ (Under) Expenditures (5,638) (1,437) 4,201 Fund Balance, October 1, 1990 5,661 5,661 -- Fund Balance, September 30, 1991 $ 23 $ 4,224 $ 4,201 1-9 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-- BUDGET ANDACTUAL COURT FACILITIES FEES EXPENDABLETRUST FOR THE FISCAL YEAR ENDED T , 191 Variance Favorable Budget Actual (Unfavorable) Expenditures: Current: General Government $ 46,079 -- (46,079) Excess of RevenuesOver/ (Under) Expenditures (46,079) -- 46,079 Other Financing Sources(Uses): Transfer from Other Funds 4 ,079 40, 60 (5, 1 ) Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses -- 40,560 40, 60 Fund Balance, October 1, 190 -- -- -- Equity Transfer From General Fund 46,079 46,079 -- Fund Balance, September 30, 191 46,079 $ 86,639 $ 40,560 I-10 (BLANK PAGE) ACCOUNT GROUPS GENERAL FIXED ASSETS To account for all fixed assets of the County, other than those accounted for in the Enterprise Funds and Internal Service Funds. GENERAL LONG-TERM DEBT To account for bonded debt and other forms of long-term debt supported by general revenue sources of the Monroe County Governmental Unit. (STANK PAGE) MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE SEPT EMBER 30, 1991 Total GENERAL FIXED ASSETS: Land $ 13,267,658 Buildings 22,667,161 Equipment: Board Of County Commissioners 19,937,719 Sheriff 6,801,223 Total Equipment 26,738,942 Construction In Progress 6,830,734 Total General Fixed Assets $ 69,504,495 INVESTMENTS IN FIXED ASSETS: General Fund Revenues: County Funding $ 24,820,558 1988 Improvement Revenue Bonds 62,098 Federal Grants and Shared Revenues 409,574 State Grants and Shared Revenues 91,631 Donations 7,961 General Obligation Bonds 2,469,017 Special Revenue Fund Revenues 10,930,792 Donations 2,517,392 Capital Project Fund: Special Revenue Bonds 1,210,451 1988 Improvement Revenue Bonds 1,771,913 on Anticipation Notes 2,428,275 Federal Grants and Shared Revenues 1,152,746 State Grants and Shared Revenues 110,023 County Funding 21,510,156 Donations 11,908 Total Investment in General Fixed Assets 69,504,495 J-1 MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY SEPTEMBER 30, 1991 Construction Land Buildings Equipment in Progress Total General Government: Legislative $ -- $ -- $ 111,024 $ -- $ 111,024 Executive -- -- 38,373 -- 38,373 Financial and Administrative 439,179 2,609,396 2,462,991 -- 5,511,566 Legal Counsel -- -- 85,570 -- 85,570 Comprehensive Planning -- 28,580 425,078 -- 453,658 Judicial -- 60,675 1,196,837 -- 1,257,512 Other General Government 4,491,358 4,927,468 2,256,757 -- 11,675,583 Total General Government 4,930,537 7,626,119 6,576,630 -- 19,133,286 Public Safety: Law Enforcement 295,962 1,232,002 6,873,689 -- 8,401,653 Fire Control 340,135 194,161 5,820,363 -- 6,354,659 Detention/Correction 4,858,904 7,371,961 6,963 -- 12,237,828 Protective Inspections -- 14,808 158,960 -- 173,768 Emergency and Disaster Relief Services -- 1,904 489,781 -- 491,685 Ambulance and Rescue Service -- 13,215 1,556,250 -- 1,569,465 Medical Examiner -- -- 30,056 -- 30,056 Other Public Safety -- -- 9,750 -- 9,750 Total Public Safety 5,495,001 8,828,051 14,945,812 -- 29,268,864 Physical Environment: Conservation & Resource Mgmt -- -- 16,663 -- 16,663 Transportation: Road and Street Facilities -- 22,012 2,471,233 -- 2,493,245 Airports 1,122,400 2,103,043 346,893 -- 3,572,336 Parking Facilities 799,963 -- -- -- 799,963 Total Transportation 1,922,363 2,125,055 2,818,126 -- 6,865,544 J-2 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY- CONTINUED SEPTEMBER 30, 1991 Construction Land Buildings Equipment in Progress Total I .ono is Environment: Employment Opportunity and Development 799 799 feteran's Services 57,087 57,087 Other Economic Development 67,987 67,987 Total Economic Environment -- 125,873 125,873 iman Services: iospitals -- 34,510 171,421 205,931 Health 10,500 349,099 559,134 918,733 -'Velfare 8,500 445,618 483,467 937,585 Total Human Services 19,000 829,227 1,214,022 2,062,249 ulture and Recreation: Libraries 63,184 2,168,601 315,108 2,546,893 '-'arks and Recreation 829,273 1,083,844 197,210 2,110,327 Dther Culture and Recreation 8,300 6,264 529,498 544,062 Total Culture and Recreation 900,757 3,258,709 1,041,816 -- 5,201,282 Construction in Progress -- -- -- 6,830,734 6,830,734 Mal $ 13,267,658 $ 22,667,161 $ 26,738,942 $ 6,830,734 69,504,495 J-3 (ONROE .FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION ACTIVITY FOR E FISCAL YEAR ENDED SEPTEMBER 30, 1991 Transfers October 1, September 30, 1990 Additions Deductions In Out 1991 GeneralGovernment: Legislative 76,708 $ 40,560 $ 1,628 $ 3, $ 8,311 $ 111,02 Executive 45,263 -- 6, -- -- 38,373 Financial and Administrative 5,07,9 5 ,586 5 ,712 11,1B4 3,46 5,511,566 Legal Counsel 75,329 8,873 -- 1,368 -- 8 ,570 Comprehensive Planning 53 ,129 14,459 96,731 51801 -- 4 ,658 Judicial 1,07 ,075 246,064 54,686 14,910 27,851 1,257,512 Other General Government 11,296,119 324,797 18,092 91,025 18,266 11, 75,583 Total General Government 18,130,567 1,170,339 237,739 127,983 57,864 1 ,13,286 Public Safety: Law Enforcement 7,616,213 1,012,733 227,293 -- -- 8,401,653 Fire Control 5,16 ,631 1,217,853 34,935 28,679 23,569 6, ,659 Detention/Correction 9,389,214 2,84 ,614 -- -- -- 1 ,27,828 Protective Inspections 16 ,590 5,772 -- 1, 06 -- 17 ,768 Emergency and Disaster Relief Svcs 46 ,107 25,978 40 -- -- 491,685 Ambulance and Rescue Services 1,333,401 315,516 74,342 1,509 6,619 1, 6 ,465 Medical Examiner 20,162 9,84 -- -- -- 30,056 Other Public Safety 9,750 -- -- -_ __ 9,750 Total Public Safety 24,168,068 5,436,360 336, 70 31,594 30,188 29,268,864 Physical Environment: Conservation and Resource Mgmt 87,768 6,622 77,727 -- -- 16,663 Transportation: Road and Street Facilities 2,238,921 346,715 71,900 9,130 29,621 2,49 ,245 Airports 5, 8 ,035 99,542 2, 11,136 1,914 1,019 3,572,336 Parking Facilities -- 79 ,963 -- -- -- 799,963 Total Transportation: 8,221,956 1,246,220 2,583,036 11,044 30,640 6,865,544 Economic Environment: Employment Opportunity Development 1,398 483 59 -- 487 79 Veteran's Services 58,659 216 850 -- 938 57,07 Other Economic Development 23,901 ,086 -- -- -- 67,987 Total Economic Environment 8 ,958 44,785 1,445 -- 1,425 125,873 Human Services: Hospitals 205,431 500 -- -- -- 20 ,931 Health 778,244 14 ,881 5, 1 4,176 637 918,733 Welfare 832,321 109,987 5,831 1,108 -- 937,585 Total Human Services 1,815,996 253,368 11,762 5,24 637 2,062,24 J-4 (Continued) MONROE COUNTY,FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1991 Interdepartmental Transfers October 1, September 30, 1990 Additions Deductions In Out 1991 Culture and Recreation: Libraries 2,534,323 64,"6 3,116 48,760 2,546,893 Parks and Recreation 2,311,670 2,618 197,570 6,391 2,110,327 Other Culture/Recreation 14,214 529,848 -- -- 544,062 Total Culture and Recreation 4,860,207 596,912 200,686 55,151 5,201,282 Construction in Progress 5,157,845 4,940,491 3,267,602 -- -- 6,830,734 Total $ 62,526,365 $ 13,695,097 $ 6,716,967 $ 175,905 $ 175,905 $ 69,504,495 J-5 (BLANK PAGE) MONROE COUNTY, FLORIDA SCHEDULE CP CHANGES IN GENERAL LONG-TERM DEBT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 19 1 :lance Balance October 1, September 3 , 1990 Addifions Retirements 1991 General Long-Term t Payable: Revenue Bonds Payable, Improvement Revenue Bonds, Series 19 $ 1,965,000 $ -- $ 35,000 $ 1,930,000 Improvement Revenue Bonds, Series 1988A 5,000,000 5,000,000 Improvement Revenue Bonds, Series 19888 2,080,000 -- 195,000 1,885,000 ales Tax Bond Anticipation Notes, Series 1990 12,500,000 12,500,000 Total Revenue Bonds Payable 21,54 ,000 -® 230,000 21,315,000 Installment Loans 20,992 259,073 4 ,655 23 ,215 Capitalized LeaseObligations: Board of County Commissioners 287,342 7,378 141,134 153,536 Property Appraiser 236,130 45, 07 190,223 Sheriff 46,695 46, 5 -- Total Capitalized Lease Obligations 570,167 7,378 233,736 343,759 Accrued Compensate Absences: Annul Leave: Board of County Commissioners 690,894 39,530 -- 780,474 Property Appraiser 55, 77 -® 6,316 46,461 Sheriff 531,330 129,973 -- 661,303 Total Annual Leave 1, 77,51 219, 53 3,316 1,43 ,26 Compensatory Time: Board of County Commissioners 36,866 683 37,59 Sick Leave: Board of County Commissioners 130,326 45,586 175,912 Tax Collector 35,502 4,292 39,794 Property Appraiser 32,522 1,548 30,974 Sheriff 57,186 32,992 -- 90,173 `total Sick Leave 255,536 32,370 1,543 336,35 Total Accrued Compensated sences 1, 6 ,903 303,106 10, 64 1,3 , 4 Total General Long-Terre Debt Payable $ 23,706,062 $ 569,562 50,005 $ 23,755,619 J-6 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1983 DESCRIPTION SEPTEMBER 30, 1991 Refunding Bonds Series 1983 Original authorization $2,750,000 Unissued 595,000 Issued 2,155,000 Retirements through September 30, 1991 225,000 Balance outstanding September 30, 1991 $1,930,000 Date of issue June 1, 1983 Maturity range 1984-2011 Principal payment date July 1 Interest payment dates January-July Denominations $5,000 Interest rates: 7.40% Maturities 1984-1990 8.80% Maturities 2000 7.60% Maturities 1991 8.90% Maturities 2001 7.80% Maturities 1992 9.00% Maturities 2002 8.00% Maturities 1993 9.05% Maturities 2003 8.20% Maturities 1994 9.10% Maturities 2004 8.30% Maturities 1995 9.125% Maturities 2005 8.40% Maturities 1996 9.15% Maturities 2006-2007 8.50% Maturities 1997 9.20% Maturities 2008-2009 8.60% Maturities 1998 9.25% Maturities 2010-2011 8.70% Maturities 1999 Average interest cost rate 8.80% Call feature 1993-1994 102.5 1995-1996 102 1997-1998 101.5 1999-2000 101 2001-Maturity 100.5 Paying agent Florida National Bank of Miami Miami, Florida J-7 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT V U 10 - SERIES 1963 DEBT REQUIREMENTS TO MATURITY SEPT EMBER 30, 19 1 $2,155,000 Series 1983 Bonds Fiscal Original Interest Total Year -Principal Debt Service 1984 2 ,000 5,465 230,465 1985 25,000 187,829 212,329 1986 25,00 185,979 210,979 1987 25,000 184,129 ,12 1988 30,000 182,279 212,279 1989 30,000 180,059 210,059 1990 30,000 177,839 07,33 1991 35,000 175,619 210,619 1992 40,000 172,959 212,99 1993 45,000 169,839 214,339 1994 45,000 166,239 211,239 195 50, 00 162,549 212,549 1996 5, 00 158,399 213,399 1997 60,000 153,779 213,779 1998 65,000 148,679 213,679 1999 70,000 143,089 213,03 2000 75,000 136,999 211,999 001 80,000 130,399 210,399 2002 90,000 123,278 213,278 2003 95,000 115,173 210,176 2004 105,000 106,581 211,581 05 115,000 97,026 21 ,026 2006 12 ,000 86,532 211,532 7 135,000 75,095 1 ,0 2008 10,000 62,742 212,742 2009 165,000 48,942 213,942 010 175,000 33,762 208,762 011 190,000 17,575 207,575 2,155,000 $ 3,788,859 $ 5,943,859 J-6 MONROE COUNTY, FLORIDA IMPROVEMENT REVENUE BONDS -SERIES 1988A DESCRIPTION SEPTEMBER 30, 1991 Revenue Bonds Series 1988A Original authorization $5,000,000 Unissued -- Issued 5,000,000 Retirements through September 30, 1991 -- Balance outstanding September 30, 1991 $5,000,000 Date of issue December 1, 1988 Maturity range 1989 - 2008 Principal payment date December 1 Interest payment dates June- December Denominations $5,000 Interest rates: 6.90% Maturities 1989-1998 7.45% Maturities 2004 7.00% Maturities 1999 7.50% Maturities 2005 7.10% Maturities 2000 7.55% Maturities 2006 7.20% Maturities 2001 7.60% Maturities 2007 7.30% Maturities 2002 7.60% Maturities 2008 7.40% Maturities 2003 Average interest cost rate 7.30% Call feature 1996-1997 102.0 1997-1998 101.5 1998-1999 101.0 1999-2000 100.5 2000-Maturity 100.0 Paying agent Midatlantic National Bank and Trust Co. Fort Lauderdale, Florida J-9 MONROE COUNTY, FLORIDA IMPROVEMENT REVENUE BONDS-SERIES 1938A DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1991 $5,000,000 Series 1988A Bonds Fiscal Original Interest Total Year Principal Debt Service 1 $ ®- 184,734 $ 184,734 1990 369,468 369,468 1991 369,468 6 ,463 1992 -- 369,468 369,468 1993 -- 369,463 39,469 1994 -- 36 ,467 369,47 1995 369,467 369,467 1996 -- 369,467 369,467 1997 369,467 369,467 19 -- 369,467 369,467 1999 10,000 362,912 552, 12 2000 345,000 344,283 689,283 2001 370,000 319,072 689,072 2002 3 ,000 291,718 686,718 2003 40,000 26 ,167 682,167 204 455,000 230,003 685,003 205 435,00 195,101 630,11 2006 525,000 157, 43 682,348 2007 560,000 116,50 676,520 2008 605,000 72, 90 67 ,39 2009 650,0004,70 674,700 $ 5,000,000 $ 5,886,155 $ 10, 36,15 J-10 MONROE COUNTY, FLORIDA IMPROVEMENT REVENUE BONDS-SERIES 1988B DESCRIPTION SEPTEMBER 30, 1991 Revenue Bonds Series 1988E Original authorization $2,265,000 Unissued -- Issued 2,265,000 Retirements through September 30, 1991 380,000 Balance outstanding September 30, 1991 $1,885,000 Date of issue December 1, 1988 Maturity range 1989 - 1998 Principal payment date December 1 Interest payment dates June - December Denominations $5,000 Interest rates: 5.90% Maturities 1989 6.50% Maturities 1994 6.10% Maturities 1990 6.60% Maturities 1995 6.20% Maturities 1991 6.70% Maturities 1996 6.30% Maturities 1992 6.80% Maturities 1997 6.40% Maturities 1993 6.90% Maturities 1998 Average interest cost rate 6.40% Call feature 1996-1997 102.0 1997-1998 101.5 Paying agent Midatlantic National Bank and Trust Co. Fort Lauderdale, Florida J-11 MONROE COUNTY, FLORIDA IMPROVEMENT REVENUE BONDS -SERIES1 3 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1 91 $2,265,000 Series 1988B Bonds Fiscal Original Interest Total Year Principal Debt Service 1 $ -- $ 7 ,145 $ 7 ,14 1990 $135,000 140,833 325,833 1991 15, 00 129,428 324,42 1992 25,000 117,125 322,125 1993 220,000 103,440 33,440 1994 235,000 88,990 323,99 1995 250,00073,745 32 ,745 1996 2 ,000 56,375 321,875 1997 280,000 33,750 318,750 1998 300,000 19,170 31 ,170 1999 10,000 4,434 14,464 $ 2, ,000 $ 845,985 $ 3,110,935 J-12 MONROE COUNTY, FLORIDA SALES TAX BOND ANTICIPATION NOTES, SERIES 1990 DESCRIPTION SEPTEMBER 30, 1991 Sales Tax Bond Anticipation Notes Series 1990 Original authorization $12,500,000 Unissued -- Issued 12,500,000 Retirements through September 30, 1991 -- Balance outstanding September 30, 1991 $12,500,000 Date of issue May 15, 1990 Maturity range 1991 Principal payment date November 15 Interest payment date November Denominations $5,000 Interest rate 6.65% Average interest cost rate 6.65% Paying agent First National Bank, N.A. Tampa, Florida J-13 MONROE COUNTY, FLORIDA SALES TAX BOND ANTICIPATIONNOTES, SERIES 1990 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1991 $12,500,000 Series 1990 Sands Fiscal Original Interest Total Year Principal Debt Service 1990 -- $ -- $1991 -- -- -- 1 92 12,500,00 1, 5 , 1 13,750,291 $ 12,500,000 $ 1,20, 91 13, 0, 91 J-14 (BLANK PAGE) 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 principals and is, therefore, not covered by the auditor's opinion. Sources of Data: * Monroe County Clerk of the Circuit Court-Finance Department (For Pages K-1 - Pages K-1 8 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 Sheriff's Department * Monroe County Comprehensive Plan * University of Florida, Division of Population Studies * Department of Commerce, Bureau of Economic Research * Florida Bankers Association * City of Key West The Constitution of the State of Florida, Florida Statute 200.181 and Monroe County set no legal debt limit. MONROE COUNTY,FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION LAST TEN YEARS FISCAL GENERAL PUBLIC PHYSICAL ECONOMIC YEAR GOVERNMENT SAFETY ENVIRONMENT TRANSPORTATION ENVIRONMENT 1982 $ 6,397,702 $ 7,398,866 $ 2B4,482 $ 2,930,397 $ 169,938 1983 7,116,903 8,659,200 680,819 4,587,694 1 B4,964 1984 8,546,621 9,489,904 759,191 3,353,831 175,431 1985 8,731,943 12,189,855 467,548 4,056,687 211,424 1986 9,842,404 13,586,790 413,756 3,893,227 2,275,026 1987 10,940,172 14,177,570 210,678 3,503,429 2,906,704 1988 14,238,914 19,171,479 174,732 3,946,380 3,841,530 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 'Includes expenditures in General, Special Revenue, Debt Service and Expendable Trust Fund Types. *Capital Outlay expenditures were reported separately for fiscal year 1987. K-1 HUMAN CULTURE AND DEBT CAPITAL SERVICES RggBEAn-QN SERVICE OUTLAY- TOTAL' $ 1,927,339 $ 1,957,121 $ 296,098 $ $ 21,361,943 2,186,710 1,748,455 456,561 25,621,306 2,511,116 1,228,840 52Z925 26,587,859 2,662,800 2,883,067 986,217 32,189,541 3,427,255 2,466,602 211,159 36,116,219 3,552,902 1,587,689 209,377 2,940,228 40,028,749 4,479,122 2,096,837 659,727 -- 48,608,721 4,783,859 2,342,247 705,704 57,690,641 4,862,131 2,384,354 1,098,596 65,069,462 5,186,247 2,886,706 1,270,761 72,222,511 K-2 MONROE COUNTY,FLORIDA GENERAL GOVERNMENT REVENUE BY SOURCE LAST TEN YEARS FISCAL LICENSES AND INTER- CHARGES FOR YEAR TAXES PERMITS GOVERNMENTAL SERVICES 1982 $ 8,565,434 $ 935,450 $ 6,067,099 $ 856,798 1983 12,119,173 1,562,069 8,957.683 1,161,977 1984 17,755,738 1,327,689 8,243,197 1,621,000 1985 17,687,566 1,660,046 9,099,749 1,569,089 1986 23,092,462 2,436,048 9,918,697 2,584,504 1987 25,639,643 1,516,661 9,501,798 2,649,131 1988 32,419,904 1,919,763 11,495,816 3,438,650 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 `Includes revenues in General,Special Revenue,Debt Service and Expendable Trust Fund types. K-3 FINES AND INTEREST FORFEITURES INCOME ASSESSMENTS MISCELLANEOUS AL® $ 996,723 $ 1,244,240 $ $ 293,856 $ 18,959,600 802,376 808,167 328,472 25,739,917 928,425 1,153,259 316,150 31,345,458 1,135,328 1,468,078 363,785 32,983,641 1,129,491 1,558,360 419,433 41,138,995 1,386,196 1,623,451 866,653 334,133 43,517,666 1,705,128 2,249,943 -- 2,164,854 55,394,058 1,906,987 3,616,155 2,131,269 69,581,576 2,153,152 3,935,207 1,501,256 72,832,522 2,099,284 3,805,048 2,300,275 76,540,860 K-4 MONROE COUNTY,FLORIDA PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS FISCAL TAX TAX PERCENT OF YEAR LEVY COLLECTION LEVY COLLECTED 1982 $ 10,708,434 $ 10,108,398 94.4 1983 11,904,907 11,471,341 96.4 1984 16,098,628 15,367,153 95.5 1985 15,814,489 15,351,860 97.1 1986 20,697,309 19,948,482 96.4 1987 22,633,498 21,732,106 96.0 1988 34,251,268 32,863,650 95.9 1989 31,055,120 29,950,942 96.4 1990 34,489,127 33,259,628 96.4 1991 39,598,532 38,360,079 96.9 Property tax levies,based on assessed values as of January 1st,become due and payable on November 1st of each year. A four percent discount is allowed if the taxes are paid in November,with the discount declining by one percent each month thereafter. Accordingly,taxes collected will never be one hundred percent of the tax levy. Taxes become delinquent on April 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. Property taxes receivable and a corresponding reserve for uncollectible property taxes are included in the financial statements. Source: Monroe County Tax Collector K-5 MONROE COUNTY,FLORIDA ASSESSED AND ESTIMATED ACTIJAL VALUE OF TAXABLE PROPERTY LAST TEN YEARS REAL PROPERTY PERSONAL PROPERTY TOTAL YEAR ASSESSED VALUE ASSESSED VALUE ASSESSED VALUE 1982 $ 1,926,529,462 $ 137,800,260 $ 2,064,329,722 1983 2,173,603,060 160,697,982 2,334,301,042 1984 2,622,121,321 169,044,868 2,791,166,189 1985 2,818,747,746 179,994,814 2,998,742,560 1986 3,114,511,330 209,495,424 3,324,006,754 1987 3,425,252,146 212,232,427 3,637,484,573 1988 3,754,724,220 221,643,508 3,976,367,728 1989 4,208,231,293 261,996,249 4,470,227,542 1990 5,129,539,812 264,929,021 5,414,468,833 1991 5,616,223,591 299,565,576 5,915,789,167 Assessed values used are net taxable values after deducting allowable statutory exemptions. Property is assessed as of January 1 st and taxes based on those assessments are levied and become due on the following November 1st. Estimated actual value for each tax year is equal to the assessed value. The ratio of total assessed to the total estimated actual value is 100%for each tax year. Source: Monroe County Property Appraiser K-6 MONROE COUNTY,FLORIDA PROPERTY VALUE,CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS FISCAL PROPERTY CONSTRUCTION BANK YEAR VALUE* i{ &2)' DEPOSITS" 1982 $ 1,509,997,982 $ 46,760,998 $ 236.997,000 1983 1,713,643,602 49,283,013 287,256,000 1984 2,079,413,342 63,730,906 328,300,000 1985 2,230,308,056 47,455,279 390,889,000 1986 2,410,892,344 64,743,341 465,596,000 1987 2,617,260,573 73,832,930 570,342,000 1988 2,830,297,181 74,847,145 648,426,000 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 Property value and construction does not include the municipal areas of the County. Construction amounts include new construction minus deletions from the Tax Roll. Source: Monroe County Property Appraiser ° Florida Banker's Association K-7 MONROE COUNTY, FLORIDA PROPERTY TAX RATES- DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN YEARS SCHOOLBOARD COUNTY TAX YEAR OPERATING DEBT SERVICE OPERATING DEBT SERVICE OTHER' TOTAL 1982 4.9440 4.9930 0.0451 1.3200 11.3021 1983 5.5290 5.7268 0.0382 1.2630 12.5570 1984 5.7600 5.4748 0.0351 1.2320 12.5019 1985 5.8580 6.1906 -- 1.1380 13.1866 1986 5.9330 6.2262 1.2180 13.3772 1987 6.0650 6.8639 1.1630 14,0919 1988 6.2720 6.9222 1.2250 14.4192 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 Property is assessed as of January 1st and the taxes based on those assessments are levied according to the tax rate in effect during that tax year and become due on November 1st. Consists of the following districts: Monroe County Mosquito Control, South Florida Water Management, Okeechobee Basin Fund and Big Cypress Fund. Source: Monroe County Tax Collector K-8 MONROE COUNTY,FLORIDA PRINCIPAL TAXPAYERS 1991 FISCAL PERCENTAGE ASSESSED YEAR TAXES OF TOTAL TAXPAYER" VALUE" COLLECTED* COLLECTEDO 1 Southern Bell $ 55,625,190 $ 777,502 0.0080 2. Casa Marina 44,237,193 776,525 0.0080 3. Truman Annex 25,067,010 295,747 0.0031 4. Cheeca Lodge 24,355,811 355,977 0.0037 5. Pier House 21,383,842 392,589 0.0041 6. Hawks Cay 18,262,919 257,794 0.0027 7. Hyatt Key West 17,292,488 330,703 0.0034 8. Holiday Inn Key West 16,986,475 324,851 0.0033 9. Southernmost Hotels 16,425,085 314,115 0.0032 10. Reach 16,275,109 311,247 0.0032 $ 255,911,122 $ 4,137,050 0.0427 Source: ' Monroe County Tax Collector • Monroe County Property Appraiser K-9 MONROE COUNTY,FLORIDA RATIOOF NEr GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDEDDEBT PER CAPITA YEARSLAST TEN RATIO OF NET NET GROSS DEBT NET BONDED DEBT BONDED ASSESSED SERVICE BONDED TO ASSESSED DEBT YEAR POPULATION* VALLIE" DEBT" FUNDS** DEBT** VALUE" PER CAPITA' 1982 65,748 $ 2,0 ,329,722 740,000 $ 737,126 $ 2,574 0.0001 �- 1983 66,605 2,334,301,042 690,000 690,000 -- -- 1984 68,752 2,791,166,189 -- -- -- -- -- 1985 70,729 2,98,742,560 -- -- -- -- -_ 1986 72,471 3,324,006,754 -- -- -- -- -- 1987 74, 23 3,637,484,573 -- -- -- -- -- 1988 77,003 3,976,367,72 -- -_ -- -- -- 1989 78,966 4,470,227, 42 190 79,300 5,414,468,833 _- 1991 81,666 5,915,789,167 Property Vale Assessments are as of January ist of each year, Source; ® Monroe County Comprehensive Plan Monroe County Property Appraiser K-10 MONROE COUNTY,FLORIDA COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT SEPTEMBER 30, 1991 PERCENTAGE APPLICABLE TO THIS OVERLAPPING GOVERNMENTAL IT GROSS DEBT GOVERNMENTAL UNIT NET DEBT Monroe County,Florida -- -- -- School Bonds* 960,000 100% 960,000 Monroe County does not have any outstanding general obligation debt. The School Board's fiscal year ends June 30, 1991. Source: ` Monroe County School Board K-11 MONROE COUNTY, FLORIDA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENT EXPENDITURES LAST TEN FISCAL YEARS RATIO OF DEBT OTHER TOTAL GENERAL SERVICE TO FISCAL DEBT DEBT GOVERNMENT GENERAL GOVERNMENT YEAR PRINCIPAL INTEREST SERVICE SERVICE* EXPENDITURES EXPENDITURES 1982 $ 45® $ 31,525 $ $ 76,525 $ 21,361,943 0.36 1983 45,000 29,613 74,613 25,037,862 0.3 1984 70,000 39,075 916 109,991 25,956,169 0.42 1985 710,000 38,425 20,107 768,532 31,563,502 2.43 1986 136,500 24,054 180 160,734 36,418,839 0.44 1987 140,440 11,225 -- 151,665 43,373,112 0.35 1988 57,560 4,205 61,765 49,930,715 0.12 1989 405,728 29,438 435,166 59,600,213 0.73 1990 -- -- -- 77,210,249 -- 1991 350,000 29,925 379,925 78,099,130 0A9 *Debt Service includes principal and interest on general obligation bonds,bond anticipation notes, and other loan and notes payable. K-12 MONROE COUNTY, FLORIDA MUNICIPAL SERVICE DISTRICT-WASTE SCHEDULE OF REVENUED COVERAGE LAST TEN FISCAL YEARS NET REVENUE DEBT SERVICE REQUIREMENTS FISCAL GROSS AVAILABLE FOR TIMES YEAR REVENUE** EXPENSES* DEBT SERVICE PRINCIPAL INTEREST TOTAL COVERAGE 1982 $ 4,476,788 $ 3, ,789 1,40,999 $ 40, 0 $ 8134,120 $ 924,120 1.54 1983 4, 36,483 3,7 ,057 56&426 45,000 879,620 94,620 0. 1 1984 5J94,937 4,603,748 1,11,189 50,000 874,558 924,558 1.2 1985 6,235,504 4,312,485 1,923,019 55,000 868,933 923,933 2.08 1986 6, 88,177 5,400,183 1,07,994 -- 531,702 531,702 2.05 1987 7,9 ,812 5,16,726 2,820,006 430,000 626,755 1,056,755 2.67 1988 8, 6,280 6,644,830 1,591,450 280,000 607,418 887,418 1.7 1989 9, 71,847 6,770,541 2,801,306 300,000 589,993 88 ,993 3.1 190 11,29 ,582 8,772,546 2,523,036 315,000 569,986 884,986 2.8 1991 13, ,013 10,896, 16 2,447,097 335,000 547,630 882,630 2.77 "Expenses" exclude depreciation of fixed assets and amortization of deferred charges which are reflected as expenses in the financial statements. ° ff 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. Excluded from "Gross Revenue" is interest earned on funds held in escrow for the retirement of the refunded 1980 bonds. K-13 MONROE COUNTY,FLORIDA SCHEDULEOF INSURANCE COMPANIES SEPTEMBER 30, 1991 INSURANCE COMPANY POLICY PERIOD Employees Reinsurance Corporation 10/011 0-91 Insurance Company of North America 0 151 1-92 1/91-92 07101/ 1-92 John Alden Life Insurance Company 10/01/90-91 South Carolina Insuranco Company /03/91-92 John Alden Life Insurance Company 10/01/90-91 United States Fidelity A Guarantee Company 0 15/91-92 Florida Municipal Liability 10/01/90-91 01/10-09/30/91 Western World 03115/91-92 Scottsdale Insurance Company 06/16/91-92 03/15/ 1-92 Hartford Life&Accident 12/07/90--91 Reliance Insurance Company 03113/91-92 Safeco Insurance Company/Lloyds of London 07/27/91-92 International Surplus Lines Insurance Company 12120/90-91 K-14 MONROE COUNTY,FLORIDA SCHEDULE OF INSURANCE AGENCIES SEPTEMBER 30,1991 EXPIRATION ANNUAL AGENCY DATE PREMIUM Arthur J.Gallagher 09/30/91 28,59 09/30/91 18,076 09/30/91 166,838 Porter Allen Insurance 03/15/92 21,830 04/01/92 1,035 04/03/92 20,735 The Johnson's Insurance Agency 03/15/92 268,561 Florida Municipal Liability SIP 09/30/91 193,248 09/30/91 45,335 03/15/92 5,040 03/15/92 7,775 03/15/92 2,500 03/15/92 7,775 09/30/91 16,877 09/30/91 10,000 12/20/91 42,461 The CIMA Companies, Inc. 07/01/92 502 07/01/92 49 John Alden Life Insurance 09/30/91 31,806 09/30/91 554,651 Cornelius,Johnson&Clark 03/13/92 29,982 Lance Toland Associates 07/27/92 18,779 K-15 MONROE COUNTY,FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS SEPTEMBER 30,1991 ANNUAL A NAME AND TITLE OF OFFICIAL SALARY SURETY BOND John Stormont-Chairman, Board of County Commissioners $ 23,877 $ 2,000 Earl Cheal - ember® Board of County Commissioners 23,877 2,000 Douglas Jones-Member, Board of County Commissioners 23,877 2,000 Wilhelmina Harvey®Member, Board of County Commissioners 23,877 2,000 Jack London -Member, Board of County Commissioners 23,877 2,000 Danny L.Kolhage-Clark of Circuit Court and Chief Financial Officer 61,380 5,000 Richard D. Roth -Sheriff 66,295 15,000 Harry L. Sawyer,Jr. - Supervisor of Elections 51,412 5,000 Ervin A. Higgs- Property Appraiser 61,380 20,000 Harry F. Knight-Tax Collector 61,380 25,000 Thomas W. Brown -County Administrator 69,183 -- K-16 MONROE COUNTY,FLORIDA DEMOGRAPHIC STATISTICAL DATA LAST TEN YEARS ESTIMATED PER CAPITA MEDIAN SCHOOL UNEMPLOYMENT YEAR IP02PEUULLALTION111 INCOME j2) AG ENROLLMEN RATE PERGE��E �5 1 ffl 1982 65,748 $ 9,795 36.3 7,492 7.9 1983 66,605 10,409 36.6 7,348 6.9 1984 68,752 11,300 36.7 7,231 4.1 1985 70,729 12,989 36.9 6,913 3.5 1986 72,471 14,021 37.3 7,138 3.0 1987 74,523 NA NA 7,515 2.8 1988 77,003 NA NA 7,575 2.6 1989 78,966 NA NA 8,198 2.5 1990 79,300 NA NA 8,490 3.1 1991 81,666 NA NA 8,338 4.8 NA- Data Not Currently Available Sources: 1. Monroe County Comprehensive Plan 2. University of Florida, Division of Population Studies 3. Department of Commerce,Bureau of Economic Research 4. Monroe County School Board 5. Florida Department of Labor and Employment Security K-17 MONROE COUNTY,FLORIDA MISCELLANEOUS STATISTICAL DATA SEPTEMBER 30,1991 Date originally established EDUCATION: gi constitutionally: July 3, 162 Number of schools: High Schols 3 Date of present constitution Middle Schools 1 establishment: May 13, 1887 Elementary Schools 5 Middle/Elementary Schools 3 Form of government: Constitutional County Special Ed Schools 1 Number of Administrators 30 Present area: 1,034 square miles Number of Teachers 526 AMBULANCE SERVICE: POPULATION: Number of vehicles 16 Date Residents Increase% Number of employees 48 1982 65,748 2.46 POLICE PROTECTION: -- 1983 66,605 1.30 Number of stations 9 1984 68,752 3.22 Number of employees: 1985 70,729 2.88 Certified Law Enforcement 282 1986 72,471 2.46 Support Personnel 174 1987 74,523 2.83 1988 77,003 3.33 FIRE PROTECTION: 1989 78,966 2.55 Number of stations 12 1990 79,300 0.42 Number of volunteers 394 1991 81,666 2.98 PUBLIC LIBRARIES: EMPLOYEES: 1,230 Number of libraries 4 Library Holdings 147,495 ROAD MILEAGE: Paved streets: 337.5 PARKS AND RECREATION:* Unpaved streets, 116.5 Number of parks&recreation facilities 24 Acreage 96.2 Source: *Monroe County School Board *Monroe County Sheriff's Department Depariment of Natural Resources, Bureau of Park Planning K-18 (BLANK PAGE) KEMP FJ GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0, KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida (the "County") for the year ended September 30, 1991 , and have issued our report thereon dated February 28, 1992. These general purpose financial statements are the responsibility of the County' s management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, 'Issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements of the County taken as a whole. The accompanying Schedules of Federal and State Financial Assistance are presented for purposes of additional analysis and are not a required part of the general purpose financial statements. Such supplemental schedules have been subjected to the auditing procedures applied in our audit of the general purpose financial statements and, in our opinion, are fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. ,PA- Kemp & Green, P.A. Certified Public Accountants February 28, 1992 L-1 MONROE COUNTY,FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30,1921 Federal Grantor/Paso-Through Grantor Federal Program Title CFDA Number Grant ID Number Department of Agriculture Direct Program: Rural Community Fire Protection 10.662 Total Department Department of Health and Human Services Passed through State Department of Health and Rehabilitative Services and Dade&Monroe Counties Alliance for Aging: Transportation III-B 1990 13.633 KG950 Transportation III-B 1991 13.633 KG151 Nutrition C-1 1990 13.635 KG950 Nutrition C-1 1991 13.635 KG151 Nutrition C-11 1990 13.635 KG950 Nutrition C-II 1991 13.635 KG151 Homemakers III-D 1990 13.641 KG950 Homemakers 111-D 1991 13.641 KG151 Information&Referral III-B 1990 13.833 KG050 Information$Referral III-B 1991 13.633 KG151 Passed through State Department of Community Affairs: Community Services Block Grant Grace Jones 13.792 91SB-92-11-54-01-076 Total Department Department of Housing and Urban Development Direct Program: Housing Authority-HUD Grant 14.174 R86-HG-12-0236 Housing Authority-HUD Grant 14.174 R88-HG-12-0236 Housing Authority-HUD Grant 14.174 R89-HG-12-0236 Total Department Department of the Interior Direct Program: Traffic Enforcement Officer 1990 15.612 14-16-0004-90-912 Traffic Enforcement Officer 1991 15.612 14-16-0004-90-912 Key Deer Boulevard Right Of Way 15.611 14-16-0004-90-921 Fish and Wildlife Service Traffic Enforcement 15.611 14-16-0004-90-912 Total Department L-2 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1990 Receipts Revenues Expenditures Refunds September 30,1991 1,600 $ 97,920 99,428 $ - 1,500 97,928 99,426 (15,835) 28,842 7,571 45,702 6,548 - - 115,548 29,989 141,384 - (4,153) (2,175) 31,281 18,353 51,508 301 - - 87,494 49,348 132,312 - (4,528) 1,535 30,893 15,094 43,618 834 - - 90,770 34,914 118,744 - (6,940) (528) 3,305 413 4,175 71 - - 10,453 1,403 11,197 - (659) (4,009) 902 268 3,082 2,097 - - 11,143 1,500 11,859 - (784) - 2.084 3,096 - 1,032 (21,012) 412,695 158,851 568,677 9,849 (18,032) 46,033 - 46,033 - (10,477) 9,490 - 19,967 - 27.156 - 21.674 - (5,482) (10,477) 82.679 - 87,674 - (5,482) 47,775 - 47,775 - - - 40,000 40,000 9,844 9,391 453 - 40,000 - 40,000 57,619 49,391 48,228 80,000 40.000 The accompanying notes are an integral part of this schedule. (Continued) L-3 MONROE COUNTY,FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30,1991 Federal Grantor/Paso--Through Grantor Federal Program Title CFDA Number Grant 10 Number Department of the Justice Direct Program: Enhanced Pretrial Delivery Program 16.574 88-OD-CX-K007 Metro High Intensity Drug Traffiking Area 10.679 91-HJ-CX-K03Y Passed through Department of Community Affairs: Anti-Drug Abuse Administration 16.579 91-CJ-28-11-64-01-077 Anti-Drug Abuse Work Release 10.579 91-CJ-28-11-64-01-075 Anti-Drug Abuse Pretrial 18.579 91-CJ-28-11-64-01-078 Anti-Drug Abuse D.A.R.E. 10.579 91-CJ-28-11-64-01-074 Total Department Department of Labor Passed through National Council on the Aging,Inc.: Senior Community Service Project 1990 17.235 99-9-0483-11-028-02-12 Senior Community Service Project 1991 17.235 99-0-0483-11-084-02-12 Senior Community Service Project 1991 17.235 99-1-0483-11-020--02-12 Passed through South Florida Employment&Training Consortium: JTPA Intake Title IIA 1989 17160 2-PY'89-09-00 JTPA Intake Title IIA 1990 17.250 2-PY'90-08-00 JTPA Intake Title IIA 1991 17.250 2-PY'91-14-00 JTPA Liasion 1991 17.250 2-PY*90—U-00 JTPA Liasion 1992 17.250 2-PY'91-42-00 JTPA Title IIA 1989 17.250 2-PY'88-64-00 JTPA Title IIA 1990 17.250 2-PY'89--08-01 JTPA Title 1113 1990/SYETC 17,250 90-5-1"0 JTPA Title 1113 1 991/SYETC 17.250 91-5-18-00 JTPA Title I/Older Workers Program 17.250 1-PY,89-15-00 JTPA Title IIA-Incentive Award 17.250 Total Department Department of Transportation Direct Program: Key West AIP-02 Master Plan 20.106 3-12-0037-02 Key West AIP-03 Noise Study 20.106 3-12-0037-03 Key West AIP-04 Apron Expansion 20.106 3-12-0037-04 Key West AIP-05 Terminal Restrooms 20.108 3-12-0037-06 Key West AIP-06 Beacon&Tower 20.106 3-12-0037-06 Key West AIP-06 Environmental Assessment 20.106 3-12-0037-08 Key West AIP-06 Stormwater Runoff 20.108 3-12-0037-06 Key West AIP-06 Federal Inspection Station 20.106 3-12-0037-08 Key West AIP-08 Terminal Renovations 20.106 3-12-0037--06 L-4 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1990 Receipts Revenues Expenditures Rotund@ September 30,1291 (2,539) 6.250 182 8,971 - 212,500 75,369 - (137,131) 11,056 5,313 21,253 - 3,985 - 13,087 52,207 - 39,200 14,127 10,325 41,299 - 18,947 37,965 - 56.853 - 18.888 (2,539) 282,797 28,887 25a.012 (58,211) 12,177 12,177 - - 30,278 178,288 - 146,010 21,834 - 50.677 28.843 3,111 3,111 - - - 9,726 40,358 - 30,832 - 9,334 - 12,137 - 2,803 7,165 25,627 - 18,462 - - - 3.167 - 3,167 (1,271) - 989 - (283) (2,765) - - 1,199 - (1,566) 1,585 1,565 - 18,567 841 19.408 (1,042) - - - (1,042) (917) - - 914 (3) 58,027 308,861 841 283,594 31,919 20,351 - - - 20,351 15,627 - - 15,627 43,480 43,480 860 8,498 - 7,648 - 878 6.778 - 8,100 - - 215 2.153 - 1,938 - - 10,022 100.220 - 90,198 - - 11,953 119,530 - 107,677 - - 2,900 11,601 - 8,701 - - 9,100 36,400 - 27,300 The accompanying notes are an integral part of this schedule. (Continued) L®5 MONROE COUNTY,FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30,1991 Federal Grantor/Pass-Through Grantor Federal Program Title CFDA Number Grant ID Number Department of Transportation Direct Program: Key Wes!AIP-06 Sewage Treatment Plant 20.106 3-12-0037-06 Marathon AIP-06 Noise Study 20.106 3-12-0044-06 Marathon AIP-07 Beacon&Tower 20.100 3-12-0044-07 Marathon AIP-07 East Apron 20.106 3-12-0044-07 Marathon AIP-07 West Apron 20.106 3-12-0044-07 Marathon AIP-07 Safety Overrun 20.108 3-12-0044-07 Marathon AIP-08 Sewage Treatment Plant 20.106 3-12-0044-08 Marathon AIP-08 Aircraft Apron&Lighting 20.108 3-12-0044-08 Marathon AIP-08 Stormwater Runoff Study 20.108 3-12-0044-08 Marathon AIP-08 Terminal Phase 20.106 3-12-0044-08 Marathon AIP-08 New Passenger Terminal Complex 20.106 3-12-0044-08 Total Department Federal Emergency Management Agency Passed through State Department of Community Affairs: Civil Defense Emergency Management 1990 83.503 9o-EM-52-11-54-10-038 Civil Defense Emergency Management 1991 83.503 91-EM-48-11-54-10-039 Radiological Emergency Preparedness 1990 83.505 90-PP-41-11-54-10-002 Radiological Emergency Preparedness 1991 83.605 91-EP-55-11-54-10-002 Total Department Total Federal Financial Assistance L-8 Matching Contributions and Balance* Cash Miscellaneous Balance* October 1,ION Receipts Revenues Expenditures Refund@ September 30,1991 1,967 7,868 - 5,901 24.8" - - - 24,8" 83,262 53,262 775 7,754 - 0,979 341 341 4,670 22,419 - 17,849 142,833 174,897 37,363 74.435 - 6,206 - - 690 37,435 - 36,745 - - 728 2,912 - 2,184 - - 1,941 19,412 - 17,471 - - 10,029 100,289 - 95, W - - 38,628 164,613 - 115.885 - - 2,040 20,403 - 18,383 310,738 281,780 135,049 738,e20 - 632,529 24,928 24,928 - - - 17,790 23,721 47,441 - 5,930 (13,878) - - 13,878 - 108,089 63,854 - (44,235) 11,048 150,805 23,721 111,295 13,878 (38,305) 403,404 $ 1,570,509 $ 493,503 $ 2,223,298 $ 23,727 586,418 .......... =---=... =.....=.- ... ....== The accompanying notes are an integral part of this schedule. L-7 MONROE COUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30,1991 Federal Grantor/Pass-Through Grantor Program Title Grant ID Number Florida Department of Health and Rehabilitative Services Direct Program: Community Care for Disabled Adults 1991 KG-099 Community Care for Disabled Adults 1992 KG-147 Emergency Medical Service Trust-1988 LC-955 EMS County Award 1988 LCNDJ EMS Matching Grant 1989 LPN33 EMS Matching Grant 1990 LP198 EMS Matching Grant 1990 LP200 EMS Matching Grant 1991 MO130 EMS Matching Grant 1991 MO131 EMS Matching Grant 1992 M1168 EMS Matching Grant 1992 M1167 EMS Matching Grant 1992 M1168 EMS County Award 1991 LP363 Shared County&State Health Care Program Pass through Dade&Monroe Counties Alliance for Aging: Community Care for Elderly 1991 KG951 E Community Care for Elderly 1992 KG151 E Community Care for Elderly Diversion Program 1991 KG951 D Community Care for Elderly Diversion Program 1992 KG151D Total Department Florida Department of Law Enforcement Direct Program: State Crime Lab — Total Department Florida Department of Community Affairs Direct Program: Clerk of Circuit Court-CJIS Maintenance -® Land Aquistion Program 88SP-36-11-54-20-001 Sheriff DUI Task Force HS-13-11-54-01-023 Hazardous Marterials Emergency Plan 91EP-72-11-54-22-044 Land Development Regulation Assistance Program 91-LP-3 11-54-01-081 Total Department L-8 Matching Contributions and Balances Cash Misceflaneous Balances October 1, 1990 Receipts Revenues Expenditures Refunds September 30,1991 3 29,937 $ 127,243 $ 10,672 107,878 $ - 7,487 2,741 31,759 21,551 (571) - - (571) (73M - 736 (4,707) - 200 4,507 (45,600) - 52.851 98,451 - (35,739) - 35,164 70,328 575 (81,000) - 56,709 113,418 (4,291) (5,540) - 5,311 10,822 (229) 110,988 (110,988) 16,308 - (18,308) 41,023 - (41,023) - 96,017 - - (96,017) 26,300 29,965 1,973 5.638 - 40,625 463.437 41,738 458,843 5,907 - 93,171 28,484 151,279 - 29,6" 5,742 1,074 10,738 3,922 9,644 1,591 9,097 - (2,038) (57,030) 1.000,905 238,188 1,068,788 10,989 (216,348) 58,837 - 58,837 - 58,837 - 58,837 - 5,120 - 5,590 - 470 (487,257) - - 447,910 - (39,347) 898 - gas - 3,016 - 1,830 - (1,186) - - 20,689 - 20,689 (487,257) 9,024 - 476,907 - (19,374) The accompanying notes are an integral part of this schedule. (Continued) L-9 MONROE COUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE-CONTINUED FOR THE YEAR ENDED SEPTEMBER 30,1991 Federal Grantor/Pass-Through Grantor Program Title Grant ID Number Department of Natural Resources Direct Program: Various Waterway Routes C6358 Ramrod Entrance C6890 Windley Key C6944 Derelict Vessel Removal Phase II C6880 Derelict Vessel Removal Phase I C6149 Boating Improvement Program C7443 Caloosa Cove C6530 Total Department Florida Department of State Direct Program: Community Information Referral Centers DLIS-89-1-11-F State Aid to Libraries 91-ST-29 Disadvantaged-Talewagon III DLIS-90-1-03-1 Pigeon Key Restoration Project Total Department Florida Department of Environmental Regulation Direct Program: Recycling&Education Grant kt RE89-42 Recycling&Education Grant M2 RE90-42 Recycling&Education Grant M3 RE91-42 Waste Tire Solid Waste N1 WT90-41 Waste Tire Solid Waste N2 WT91-41 Total Department Florida Department of Transporation Direct Program: Key West AIP-02 Master Plan 6826709 Key West AIP-03 Noise Study 6826653 Key West AIP-04 Apron Expansion 6826654 Key West AIP-05 Terminal Restroome 6828659 Key West AIP-08 Parking 6826695 Key West AIP-08 Beacon&Tower 6826694 Key West AIP-06 Environmental Assessment Plan 6826657 Key West AIP-06 Stormwater Runoff Study 6826668 Key West AIP-06 Federal Inspection Station 6826679 Key West AIP-06 Terminal Renovations 6826682 Key West AIP-06 Sewage Treatment Plant 6826642 Marathon Safety Fence&Gates 6826913 L-10 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1920 Receipts Revenues Expenditures Refunds September 30,1991 1.529 1,529 - - - - 7,219 - 7,819 - 3,098 - 3,101 - 3 - - 23,102 - 23,102 52,881 59,881 - 3.250 3,250 - - 3.234 9,702 6,468 1,529 72,327 3,234 100,855 32,823 (318) - 318 101,198 101,198 (36,399) 19,333 54,732 - 15,000 30,000 15,000 (36,715) 119,531 15,000 185,930 316 15,000 (54) - (54) - - 117,489 171,198 51,627 2,102 - 183,884 21.306 205,190 - 23,842 23,842 - - 29,213 29,213 141,257 408,137 21,252 286,030 2,102 3,437 - - - 3,437 47 - - - 47 89,246 89,721 425 1,325 - 425 - - 339 679 - 339 34,713 - 17,185 34,370 - 51,898 - - 107 215 - 108 - - 5,011 10,022 - 5,011 - - 5,978 11,953 - 5,97-7 - - 1,450 2,900 - 1,450 - - 4,550 9,100 - 4,550 - - 983 1,G67 - 984 - 881 (681) The accompanying notes are an integral part of this schedule. (Continued) L-11 MONROE COUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE-CONTINUED FOR THE YEAR ENDED SEPTEMBER 30.1691 Federal GrantorlPase-Through Grantor Program Title Grant ID Number Florida Department of Transporation Direct Program: Marathon AIP-04 Master Plan 659me Marathon AIP6 Noise Study 682W52 ath AIP-07 Beacon&Tower 682e692 Marathon IP-07 East Apron26 Marathon AIP-07 West Apron 6826691 Marathon AIP-07 Safety Overrun 68266W Marathon-Development of Regional Impact 6826870 Marathon AIP-08 Sewage Treatment Plant 6828700 Marathon AIP48 Stormwater Runoff Study 6826666 Marathon AIP-08 Terminal Phase 6826631 Marathon AIP-08 New Passenger Terminal Complex 6820747 Marathon Airport Parking Lot 6828703 Marathon AIP-08 Aircraft&Apron Lighting 6826717 Total Department Clean Florida Commission Direct Program: Utter Grant — Total Department Total State Financial Assistance L-12 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1 NO Receipts Revenues Expenditures Refunds September 30,1991 194 - 194 271 - - - 271 3,1 eS 3,1 Sa 775 775 - 107 - 2,349 2,242 - 28,758 32,480 3,721 7,443 - 7,500 - Sw ew - 7,500 - - 85,620 173,040 - 86,620 - - 364 728 - 384 - - 5,314 10,829 - 5,315 - - 19,314 38,628 - 19,314 - - 1,020 2,040 - 1,020 - - 6,845 13,691 - 6,846 - - 970 1,941 - 971 167,439 126.048 163,227 324,377 - 202,541 - 5,000 4,983 9,965 - (18) 5,000 4,N3 9,W5 - (18) (270.777) 1,799,809 $ 445,984 $ 2,517,687 13,407 14,624 ......... =............. ......... ........ The accompanying notes are an integral part of this schedule. L-13 (BLANK PAGE) MONROE COUNTY-, FLORIDA NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE SEPTEMBER 30, 1991 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and the presentation of the Single Audit Report of Monroe County, Florida (the "County") have been designed to conform to generally accepted accounting principles as applicable to governmental units, including the reporting and compliance requirements of the Single Audit Act of 1984 and Office of Management and Budget Circular A-128, Audits of State and Local Governments (A-128) . Reporting Entity - The Single Audit Act of 1984 and Circular A-128 set forth the audit and reporting requirements for federal financial assistance. The County has included schedules of both federal and state financial assistance in the Single Audit section. Financial assistance received directly form the State of Florida is included to satisfy the audit requirements of the State of Florida grantor agencies. Basis of Accounting - 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 Schedules of Federal and State Financial Assistance. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which 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. Expenditures are recorded when the related liability is incurred. In applying the susceptible-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 upon the expenditures recorded. In the other, monies are virtually unrestricted as to purpose of expenditure and substantially irrevocable; i .e. , revocable only for failure to comply with prescribed compliance requirements, such as with equal employment opportunity. These resources are reflected as revenues at the time of receipt or earlier if they meet the availability criteria. NOTE 2 - CONTINGENCIES Grant monies received and disbursed by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the County does not believe that such disallowances, if any, would have a material effect on the financial position of the County. As of February 28, 1992 there were no material questioned or disallowed costs as a result of grant audits in process or completed. L-14 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 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 ,INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Board of County Commissioners Monroe County, Florida We have applied procedures to test Monroe County, Florida's compliance with the following requirements applicable to each of its federal financial assistance programs, the major programs of which are identified in the schedule of federal financial assistance, for the year ended September 30, 1991 : Political Activity Civil Rights Cash Management Federal Financial Reports Allowable Costs/Cost Principles Drug-free Work Place Act Administrative Requirements Our procedures were limited to the applicable procedures described in Office of Management and Budget' s Compliance Supplement for Single Audits of State and Local Governments. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the County's compliance with the requirements listed in the preceding paragraph. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the first paragraph of this report. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those requirements. However, the results of our procedures disclosed immaterial instances of noncompliance with those requirements, which are described in the accompanying schedule of findings and questioned costs. This report is intended solely for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants February 28, 1992 L-15 KEMP �d GREEN, P.A. Certified Public Ace is 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0, KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C,P,A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Board of County Commissioners Monroe County, Florida We have audited Monroe County, Florida' s compliance with the requirements governing types of services allowed or unallowed, eligibility, matching, level of effort or earmarking, reporting, claims for advances and reimbursements, and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, for the year ended September 30, 1991. The management of the County is responsible for the County' s compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit in accordance with generally accepted ,uditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and OMB Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about the County's compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the County complied, in all material respects, with the requirements governing types of services allowed or unallowed; eligibility; matching, level of effort, or earmarking; reporting; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs for the year ended September 30, 1991 . This report is intended solely for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants February 28, 1992 L-16 KEMP U GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 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 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO NON MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS Board of County Commissioners Monroe County, Florida In connection with the audit of the 1991 general purpose financial statements of Monroe County, Florida, and with our consideration of Monroe County, Florida's internal control structure used to administer federal financial assistance programs, as required by Office of Management and Budget Circular A-128, "Audits of State and Local Governments, " we selected certain transactions applicable to certain nonmajor federal financial assistance programs for the year ended September 30, 1991 . As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or unallowed; eligibility; claims for advances and reimbursements, and amounts claimed or used for matching that are applicable to those transactions. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on Monroe County, Florida' s compliance with these requirements. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested, nothing came to our attention that Caused us to believe that Monroe County, Florida had not complied, in all material respects, with those requirements. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit tne distribution of this report, which is a matter of public record. L ?A Kemp & Green, P.A. Certified Public Accountants February 28, 1992 L-17 KEMP & GREEN, P.A. Certified Public Account=ts 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida (the "County") for the year ended September 30, 1991 and have issued our report thereon dated February 28, 1992. We have also audited the County's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated February 28, 1992. We conducted our audits in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and Office of Management and Budget (OMB) Circular A-128, "Audits of State and Local Governments. " Those standards and OMB Circular A-128 require that we plan and preform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement and about whether the County complied with laws and regulations, noncompliance with which would be material to a major federal financial assistance program. In planning and preforming our audits for the year ended September 30, 1991, we considered the County's internal control structure in order to determine our auditing procedures for the purpose of expressing our opinions on the County's general purpose financial statements and on its compliance with requirements applicable to major programs and not to provide assurance on the internal control structure. This report addresses our consideration of internal control structure policies and procedures relevant to compliance with requirements applicable to federal financial assistance programs. We have addressed policies and procedures relevant to our audit of the general purpose financial statements in a separate report dated February 28, 1992. The management of the County is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments be management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management' s authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles, and that federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in an internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the L-18 risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal financial assistance programs in the following categories: Cvcles of the Entity's Activity Treasury/Financing Revenues/Receipts Purchases/Disbursements External Financial Reporting Controls Used in Administering Individual Federal Financial Assistance Programs General Requirements Political Activity Civil Rights Cash Management Federal Financial Reports Allowable Costs/Cost Principles Drug-free Work Place Act Administrative Requirements Specific Requirements Types of Services Eligibility Matching Level of Effort Reporting Special Requirements, if any For all of the internal control structure categories listed above, we obtained an understanding of the design of relevant policies and procedures and determined whether they have been placed in operation, and we assessed control risk. During the year ended September 30, 1991, The County expended 52 percent of its total federal financial assistance under major federal financial assistance programs and the following nonmajor federal financial assistance programs - Nutrition. We performed tests of controls, as required by OMB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we considered relevant to preventing or detecting material noncompliance with specific requirements, general requirements, and requirements governing claims for advances and reimbursements and amounts claimed or used for matching that are applicable to each of the County's major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, and the aforementioned nonmajor program. Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an opinion. L-19 Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be a material weakness. A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that noncompliance with laws and regulations that would be material to a federal financial assistance program may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control structure and its operation that we consider to be material weaknesses as defined above. We also noted other matters involving the internal control structure and its operation that we have reported to the management of the County in a separate letter dated February 28, 1992. This report is intended for the information of the Board of County Commissioners, management, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants February 28, 1992 L-20 MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED SEPTEMBER 30-,- 1991 Questioned Program Findinq/Non Comoliance Costs - All prior year findings and questioned costs were resolved with the exception of the following® Air art Improvement Proqram - Federal 1 . Grant Nos. 3-12-0037-05 None of the three major contracts selected 3-12-0044-07 contained provisions requiring compliance with the Clean Air Act, the Clean Water Act or Environmental Protection Agency regulations, as required for contracts over $10,000. Nutrition - Federal 1 . Grant Nos. KG851 The major contract with the provider KG950 of meals does not contain provisions requiring compliance with the Clean Air Act, the Clean Water Act or Environmental Protection Agency regulations, as required for contracts over $10,000. Solid Waste Grant State 1 . Grant No. RE 90-42 Costs of $15 for equipment maintenance and 1 ,683 $1,668 for services rendered in connection with the hauling of bales to a recycler appear to be improperly charged to this grant. The provisions of the grant clearly state that funds shall not be used to duplicate existing recycling programs . It appears that the hauling costs would more appropriately be charged to the County' s existing recycling program. The equipment maintenance was charged to the grant as a capital cost, which does not appear reasonable in terms of the amount and its description. Current Year Finding General Federal Requirements - Drug Free Workplace The County has developed a drug free workplace policy which was distributed to all employees per County staff. New hires have documented their knowledge of the policy. However, there is no documentation that employees hired prior to the time the policy was enacted were notified of the new policy. L-21