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Wx,QWMP`t i tt , visa rs. i #1 nu , 1 r will S,lr 4 Si 4 } a t 'y tt t, Woo a �lyg� }r } 1 i rl , Iwo t! of v S�,y4 Sail y ,A! i(t tr r tN�ow Q,r tr t s. t3ri`t{ (ti 1\t,Awl }KAQS E,bt i t t - r {\i !t R(r ( ' r. il} ultl} 1 I, ,ONfi{r a gs {yt s f ,r r 1 , 1t £, 1 r } s li{{I1,,ifi3 iv{tV� irvl{S\i�s rS1Y } it rttt 4 \ s s 7 i}i�+lt F� ,Sixt Ii S'I +,} a i4 t ",i `t ,.tU�2ytY+.FrSk,+tt�Wi. y Vol M "' �r w {, S r r d 1r iii 100TH ANNIVERSARY 1890 - 1990 MONROE COUNTY, COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER FLORIDA 1990 TARYN L. MEDINA FINANCE DIRECTOR PREPARED BY: THE CLERK OF CIRCUIT COURT FINANCE DEPARTMENT FEATURED ON THE COVER: MONROE COUNTY COURTHOUSE, 1890 O ROE COUNTY, FLORID COUNTY OFFICIALS JOHN STORMONT CHAIRMAN DOUGLAS JONES WILHELMINA HARVEY COMMISSIONER COMMISSIONER MICHAEL PUTO EUGENE LYTTON, SR. COMMISSIONER COMMISSIONER THOMAS BROWN DANNY KOLHAGE COUNTY ADMINISTRATOR CLERK OF THE COURT AND CHIEF FINANCIAL OFFICER _ MONROE COUNTY, FLORIDA _ COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30°1990 TABLE OF CONTENTS INTRODUCTORY SECTION PAGE Certificate of Achievement for Excellence inFinancial Reporting---------------------- i Transmittal Letter of the Clerk of the Circuit Court........... ........................................................... ............. iii-xiii OrganizationalChart..................... ................................................................... .............. ---- .......... xiv FINANCIAL SECTION Report ofIndependent Certified Public Accountants..... ......................— ............ .............. ....................— 1-4 COMBINED FINANCIAL STATEMENTS GENERAL PURPOSE FINANCIAL STATEMENTS: Combined BdancaSheet -AUFunUTypesamdAocountGmups.---------------------. 5-8 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- All Governmental Fund Types and Expendable Trust Funds................................................................... 8-10 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- Budget andAcumU -AUGovemmenta FunUTypemandExpendadeTmmtFundo ----------—' 11-14 Combined StogementofRevenues. ExpenseaamdChangasinRetainedEarninga- AHPnoprietmyFundTypea--------------------------------------- 13 Combined Statement of Changes inFinancial Pontkm -/U| Pmphetary Fund Types. .... .......... ...... ... ... 16 Notes k/the Financial Statements.................. .................................................. —......................... ........ ... 18-43 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 Actual44-48 Special_Revenue Funds CombiningBalance Sheet—........ .................................. ...................................... .......---.................... 50-56 Combining Statement of Revenues, Expenditures and Changes in Fund Balance........................................ 50-64 � Statements of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Community Development Block Grant................................ ........................... — ....... —........................ 85 Fineand Forfeiture................................. ........................-- ......... ........................................ ....... — 68 Roadand Bridge.................... —............................ ................................................. ...... .................... 87 � Law Library..................................................... —................. ............... .......................... ............... 68 Tourist Development,Two Cent, District One-----------------------------' 69 � (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30. 1990 TABLE QF CONTENTS— CONTINUED PAGE Tourist Development,Two Cant, District Two.......................................................................................... 70 Tourist Development,Two Cent, District Three.........................................................:............ ................ 71 Tourist Development,Two Cant, District Four......................................................................................... 72 Tourist Development,Two Cent, District Five-----------------------------' 73 Tourist Development,Two Cent,Administrative and Promotion............................................................... 74 Tourist Development,Three Cent,District One-----.------------.................................. 75 Tourist Development,Three Cent,District Two....................................................................................... 76 Tourist Development,Three Cent, District Three.---------------------------- 77 Tourist Development,Three Can . DistrictFour----------------------------' 78 Tourist Development,Three Cent, District Five.----------------------------' 70 Fire and Ambulance, District#1. Lower and Middle Keys...... —.............................................................. OQ Fire and Ambulance, District#5.Tavernier ------------------------------' 81 Fire and Ambulance,District#6. Key Largo................................................................................ ........... 82 Translator System Service District.......................... 83 Special Road Distho -CnossKayVVatonwayEmtates.-------------------------- 84 SpedaRoadDistrict -GuKDhve-----------------------------------. 85 Special RoadDistrict -VmnetianDdve--------------------------------- 88 MarinersHospital District........... ........................................................................................ ................. 87 Unincorporated Area Service District - Planning, Building and Zoning...... .................. .......................... 88-09 Unincorporated Area Service District- Parks and Recreation................... ......................................... ... 90 ImpactFees- Roadways.....................................................................................................................- 91 Impact Fees- ParksandRec*eatkm---------------------------------- 92 Impact Feea- Libnaries.----------------------------------------. 93 ImpactFees- Solid Waste............................................. ............................................... ...................... 84 Impact Fems- PdbmFadUhes.------------------------------------' 95 Upper Keys Health Care Special Taxing District — ........ ................................ ...................................... 96 Comprehensive Plan Land Authority.---------------------------------- 97 Pebt'Service Funds Combining Balance Sheet.----------------------------------------. 99 Combining Statement o<Revenues, Expenditures and Changes in Fund Balances....................................... 100 Combining Statement of Revenues, Expenditures and ChengesinFundBalanoem- Budgetand Actual........................................................................................................... ..................... 1O1-102 Capital Project Funds Combining Balance ShaeC----------------------------------------. 104-105 Combining Statement of Revenues,Expenditures and Changes in Fund Balances....................................... 106-107 Combining Statement«A Revenues, Expenditures and Changes in Fund Balances- Budgetand Actual................................................................................................................. ............... 10@-111 PROPRIETARY FUND TYPES: Enterprise Funds CombiningBalance Sheet....................................................................................... ...............................— 113-114 Combining Statement oi Revenues, Expenses and ChangesinReaimedEarnings--.---------- 115 PAGE Schedule of Expenditures- Budget and Actual: Municipal Service District Waste...................................................................................................... ..... 117 CardSound Bridge............................................................................ ................................ ............. 118 Refunding Improvement Revenue Bonds-Series 1985- Description.......................................................... 119 Refunding Improvement Revenue Bonds-Series 1985 - Debt Requirements to Maturity............................. 120 Internal Service Funds CombiningBalance Sheet.................. .................................................. .......................................... ......... 122 Combining Statement of Revenues, Expenses and Changes in Retained Earnings....................................... 123 Combining Statement of Changes in Financial Position........... ....................... ......................................... 124 Schedule of Expenditures- Budget and Actual Workmens Compensation Fund...................... ................... .........-........... ....................................... 125 Group Insurance Fund............................................ ............. .............. ............ ................ ..... 126 RiskManagement Fund................-........... ................... ...... .......... ................................ ......-........ 127 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Trust and Agency Funds CombiningBalance Sheet............................................... ........................................ ................................. 129-130 Combining Statement of Revenues, Expenditures and Changes in Fund Balances- ExpendableTrust Funds........................................................ ...................... .......................... ............. 131 Combining Statement of Changes in Assets and Liabilities- All Agency Funds.................. ................ ........ 133-134 Statements of Revenues, Expenditures and Changes in Fund Balance- Budget and Actual: Law Enforcement Trust................................................. ......................-............. .................... ........._.... 135 DrugAbuse Trust........................................................................................ ....................... ...-........... 136 Shared County and State Health Care Program........................................................................ ................ 137 General Fixed Assets Account Group Schedule of General Fixed Assets by Source............................................................................. ................. 139 Schedule of General Fixed Assets by Function and Activity..._................................................................__ 140-141 Schedule of Changes in General Fixed Assets by Function and Activity....................................................... 142-145 Long-Term Debt Account Group Schedule of Changes in General Long-Term Debt.................................................. ........................... ..... 147 Refunding Improvement Revenue Bonds-Series 1983- Description.......................................................... 148 Refunding Improvement Revenue Bonds-Series 1983- Debt Requirements to Maturity............................. 149 Improvement Revenue Bonds-Series 1988 A- Description.......................... ................ ....-.............___ 150 Improvement Revenue Bonds- Series 1988 A- Debt Requirements to Maturity..... ..........................-... 151 Improvement Revenue Bonds- Series 1988 B- Description.................................. ..................... ...... .... 152 Improvement Revenue Bonds- Series 1988 B- Debt Requirements to Maturity...... ......... .................... 153 Sales Tax Bond Anticipation Notes, Series 1990- Description..... .................................._.......................... 154 Sales Tax Bond Anticipation Notes, Series 1990- Debt Requirements to Maturity.... ......_................... 155 STATISTICAL SECTION General Fund Statistical Data General Government Expenditures by Function........ .................._....... ......................... ..........____.......158-159 General Government Revenue by Source................... ......................................................................____160-161 (Continued) MONROE COUNTY,FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SE ER 30, 1990 TABLE OF CONTENTS-CONTINUED PAGE Tax Related Statistical Data Property Tax Levies and Collections............................. ............................................................................. 162 Assessed and Estimated Actual Value of Taxable Property.......................................................................... 163 Property Value,Construction and Bank Deposits......................................................................................... 164 Property Tax Rates- Direct and Overlapping Governments......................................................................... 165 TenLargest Taxpayers............................................................................................................................... 166 Debt Related Statistical Data Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita............................... 167 Computation of Direct Underlying and Overlapping Debt............................................................................. 168 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General GovernmentExpenditures................................................ .............................. .................... ................... 169 Schedule of Revenue Bond Coverage-Municipal Service District Waste.................................................... 170 General Statistical Data Schedule of Insurance Companies.............................................................................................................. 171 Schedule of Insurance Agencies................................................................................................................. 172 Salaries and Surety Bonds of Principal Officials........................................ ............................................. .... 173 DemographicStatistical Data............................. ........................................................................................ 174 MiscellaneousStatistical Data................................................ ................................................................... 175 SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES Independent Auditor's Report on Supplemental Schedule of Federal and State Financial Assistance............ 177 Schedule of Federal Financial Assistance................................................................. .................. .............. 178-183 Schedule of State Financial Assistance....................................................................................................... 184-189 Notes to Schedule of Federal and State Financial Assistance....................................................................... 190 Independent Auditor's Report on Compliance with General Requirements Related to Major Federal Financial Assistance Programs........................................................................ 191 Independent Auditor's Report on Compliance with Specific Requirements of Certain Laws and Regulations Related to Major Federal Financial Assistance Programs.......................... 192 Independent Auditor's Report on Compliance with Specific Requirements of Certain Laws and Regulations Related to Non Major Federal Financial Assistance Programs.................... 193 Independent Auditor's Report on Internal Controls(Accounting and Administrative) as on a Study and Evaluation Made as Part of an Audit of the General Purpose Financial Statements and the Additional Tests Required by the Single Audit Act.................................................... 194-196 Schedule of Findings and Questioned Costs............... ....................... ........................................................ 197 ertif irate of Achievement for Excellence In Financial Reporting Presented to Monroe County, Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 1989 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) achieve the highest standards in government accounting and financial reporting. 4�'pNOF CF9- uwrco STATES W uao President dc Eros � rHrc®cn 6 Executive Director i PAGE) ii ffi COUNry .Z6.... 0% t,COUN ;Mannp BRANCH OFFICE CLERK OF THE CIRCUIT COURT BRANCH OFFICE 3117 OVERSEAS HIGHWAY MONROE COUNTY P.O. BOX 379 MARATHON,FLORIDA 33050 500 WHITEHEAD STREET PLANTATION KEY,FLORIDA 33070 TEL. (305)743-9036 KEY WEST,FLORIDA 33040 TEL. (305)852-9253 TEL.(305)294-4641 March 27, 1991 The Honorable Wilhelmina Harvey Chairman, Board of County Corurnissioners Monroe County, Florida Dear Mrs. Harvey: We are pleased to present to you, the Board of County Commissioners, and the citizens of Monroe County, the Comprehensive Annual Financial Report of Monroe County, Florida for the fiscal year ended September 30, 1990. This report was prepared by the Finance Department of the Clerk of the Circuit Court® The accompanying financial statements and statistical tables were prepared in conformance with standards set forth by: 1. The Government Accounting Standards Board 2. The American Institute of Certified Public Accountants and its Committee on Governmental Accounting and 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 Officer of Monroe County. We believe the data as presented is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain a comprehensive understanding of the County's financial activity have been included. The report contains four main sections: introductory, financial, statistical and single audit. The introductory section which consists of this transmittal letter and the County'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 iii 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 Governments. 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. THE REPOR��ENT�ITY 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 of the County as a governmental 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 of the Board of County Commissioners which also encompasses the Monroe County Municipal Service District-Waste and the Monroe County Tourist Development Council,the Clerk of the Circuit Court,the Property Appraiser,the Supervisor of Elections, the Sheriffs Office, the Tax Collector, and the Monroe County Comprehensive In 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 ECONOMIC EVENTS In 1990, a slight growth was noted in the local economy. Total employment was level and the unemployment rate fell from 3.3% to 3.1% which was the lowest unemployment rate in the State of Florida in September, 1990. The County population increased .4% and the total civilian labor force increased 2.2%. Inaddition, 9,597 occupational license permits were issued, which represents a 4.4% increase over the previous year. The amount of two cent be tax revenue generated County-wide from the Hotel/Motel industry amounted to a 9.8% increase over the previous year. Tourism continues to drive economic growth within Monroe County. The Keys' unique qualities as a chain of subtropical islands - with its temperate climate and relaxed vacation environment -- are primary reasons for the region's popularity among visitors. The Florida Keys' appeal has been further enhanced by a strong promotional program resulting in record numbers of potential visitors calling the Florida Keys Visitors Bureau, increasing from 281,717 in the 1989 fiscal year to 332,425 in the 1990 fiscal year. Current forecasts suggest further leveling of the County's growth rate and economy over the next several years. iv MAJOR INITIATIYU EQR THE ® During the fiscal year, the Board of County Commissioners approved the Monroe County Correctional System Master Plan. The County acquired a tentative site forte construction of the new Monroe County Detention Facility on Stock Island. The consulting firm of Hansen, Lind, Meyer prepared, presented, and the Board approved, the final schematic design and development drawings for the new facility. Progress towards the completion ofthis major capital improvement will continue in the next fiscal year. The County issued bond anticipation notes in the amount of $12,500,000, the proceeds of which are directed to be used for the architectural, engineering, site-work, and construction management associated with the new detention facility. The County expects to issue revenue bonds late in the summer of 1991, the proceeds of which will redeem the bond anticipation notes and provide the additional funding required for the construction of the detention facility. During the previous fiscal year, Monroe County instituted a curbside, source separation, recycling pilot program in the Middle Keys. A request for proposal was developed and issued for the County's future recycling activity which will consist of a County-wide program which includes both curbside and drop-off services. EQE H FU� RE: Monroe County will begin planning and construction of a wastewater _T� treatment plant at Crawl Key in the Middle Keys for the treatment of sludge and septage received from packaged wastewater treatment plants and private residential septage systems. This facility is expected to cost approximately $3,000,000. The County will also begin planning and construction of a new Upper Keys Sheriffs Substation at an estimated cost of approximately $2,000,000. DEPARTMENT FOCUS: MON COUNTY,SOCIAL SERVICES DEPARTMENT The Social Services Department provides services to the elderly, disabled, and indigent clients of Monroe County. The following types of programs are provided by this department: WELFARE ADMINISTRA'nON/SERVICES - Monroe County Social Services serves all residents of the County as a counseling, information and referral agency for all services offered by the state, federal, and non-profit agencies. Those individuals who qualify may receive numerous services through this program. This past year, the program provided services to approximately 3,000 clients at a total cost of 1.2 million dollars. BAYSHORE MANOR - is program/facility is an Adult Congregate Living Facility, licensed through the State of Florida, Department of Health and Rehabilitative Services,for the elderly residents of Monroe County. It operates at a maximum of twenty residents/beds. The residents are provided with complete medical assistance and care on a daily basis. v TRANSPORTATION PROGRAM - The transportation program provided 42,000 units of service to individuals 60 years and older, Medicaid clients, and those clients who are disadvantaged between the ages of 18-59. SENIOR COMMUNITY SERVICE EMPLOYMENT PROJECT (SCSEP) -The principal objectives of the local Senior Community Service Employment Project are to provide quality job training and employment opportunities to the low income elderly residents of Monroe County. The enrollees on the program work part time (twenty hours per week) for approximately twelve months at each work-site assignment in order to gain new and updated job skills, which may prepare the for re-entry into the private work place. The program requires that projects place 20% of their enrollees into permanent unsubsidized jobs in the private or public sector. The SCSEP served a total of seventy-one low income seniors. NUTRITION PROGRAM - The nutrition program provides senior citizens with meals through congregate sites and home deliveries. Those clients who are economically and/or socially disadvantaged receive first priority. The units of service provided through congregate meals and home-delivered meals were 32,755 and 18,933 respectively. IN-HOME SERVICES PROGRAM - The in-home services administers four programs: Community Care for the Elderly, the Community Care for Disabled Adults, the Frail Elderly Services and the Information and Referral Services (Better Living for Seniors). The number of clients for each program is 625, 79, 49 and 1,288 respectively. The basic purpose and goals of these programs are to prevent or delay premature inappropriate institutionalization, and to maintain these individuals in their homes, living a life style of independence, with dignity. INTERNAL CONTROL STRU��R�E 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. BUDGETAR K—CON TROL 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. vi As an additional control, the County employs an encumbrance system which reduces available appropriations in governmental funds upon the issuance of purchase orders, contracts, or other for 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. CTENERAL—QQVERNMENT Total general government revenues collected by Monroe County during the past year amounted to approximately 80.4 million dollars. 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 about 48.5 million dollars comprised the largest general government 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 about 17.2 million dollars. Interest income comprises the third largest revenue source which amounts to over ® million dollars. The remaining general government revenues are composed of about 4.0 million dollars for charges for services and 2.2 million dollars for fines and forfeitures. Licenses and permits, assessments and miscellaneous revenues amount to approximately 3.7 million dollars. The following graph illustrates a ten-year history of Monroe County's general government revenues: MONROE COUNTY, FLORIDA GENERAL GOVERNMENT REVENUES Millions 80 60 40 0 'S 6 M big RM vii Total general government. expenditures amounted to approximately 65.0 million dollars. This amount includes expenditures of the General, Special Revenue, Debt Service and Fiduciary Fund types. The largest category was public safety at 25.6 million dollars, followed by general government at 17.9 million dollars. Approximately 7.3 million dollars for economic environment, 5.4 million dollars for transportation, 4.9 million dollars for human services, 2.4 million dollars for culture and recreation, 1.1 million dollars for debt service, and .5 million dollars for physical environment were expended. Total revenues collected by all fund types, including the Governmental Funds previously listed above as well as the Proprietary Funds (Municipal Service District-Waste, Card Sound Bridge) and the Internal Service Funds, amounted to $99,444,807 which represents an increase of approximately 13.7 million dollars over the previous fiscal year. The largest source of revenue this year in the Proprietary Fund Types was charges for services amounting to approximately 16.5 million dollars. The charts on the next page show the proportion of total revenues and expenditures attributable to the various sources and functions. Total County expenditures for the past year were $94,983,459. The largest functional category of expense was public safety at approximately 25.5 million dollars. General Government amounts to over 17.9 million dollars and Physical Environment exceeded 10.3 million dollars. The unreserved fund balance of the General Fund at September 30, 1990 was 12.7 million dollars, representing approximately 119 days of expenditures (based upon fiscal 1990 expenditure levels). ENTERPRISE FUNDS Enterprise Funds are established to finance and account for the acquisition, operation and maintenance of facilities and services which are intended to be entirely or predominantly self-supporting through the collection of charges from users, or for which the periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy or other purposes. The County maintains two enterprise funds as follows: MUNICIPAL SERVICE DISTRIC_T )YASTE - This fund accounts for the sanitary waste disposal activities of the County. Operational revenues and expenses during the fiscal year increased 13.7% and 16.3%, 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 $923,746. Net income before operating transfers totaled $342,412. Operations declined significantly as a result of extensive repairs to the toll bridge road. viii MONROE COUNIIIFY, F'L0RH[`,!A 7'01"AIL. REVENUES FOR 199,) C 'N',` wool MENSES PERMS 2 NADNROE COUNTY, FLORIDA TOTAL EXPENDMURES FOR 1990 slam Q ix EIDUCIARY-EUNM The County maintains five agency and four 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. Three new expendable trust funds were created in the fiscal year as follows: 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 USE TRUST - To account for assessments collected for drug abuse program's and to disburse assistance grants on an annual is for drug abuse treatment and/or educational programs which meet the standards for qualification of such programs by the Department of Health and Rehabilitative Services. SHARED COUNTY AND STATE HEALTH CARE2RQCRAM - To account for the ,z-- shared county and state program of health care services to low-income persons. GENERAL FIXED ASSETS_A�� 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, 1990, the general fixed assets of the County amounted to $62,526,365. 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 ADMIN N During the fiscal year, the County issued $12,500,000 Sales Tax Bond Anticipation Notes, Series 1990; obtained a $1,000,000 Special Obligation Note, Series 1989; and obtained a $350,000 Tax Anticipation Note. 990 - This debt was incurred for the building of the Monroe County Detention Center. It is in anticipation of receipt by the County of proceeds from the sale of its not exceeding$40,000,000 Sales Tax Revenue Bonds, Series 1991,which was authorized for the acquisition and construction of additional criminal justice facilities in Monroe County. SPECIAL_QBIIQAII CAN_NDIL,5EEIES_IM - The Municipal Service District, Waste obtained this note for the purpose of purchasing solid waste capital equipment. x TAX ANTICIPATIQN NQTE - This note was obtained in anticipation of the levied taxes to provide additional funding for the West Summerland television translator project. The County's financial management to 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. CAM-MAhLA-GEMENT The Finance Department monitors the cash needs of the County on a weekly is® 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 $6,077,764. 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 8.6206% in October, 1989 to a low of 8.1058% in September, 1990. As the following graph 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 Bins: MONROE C0(,,jNTY, Fi-ORIDA CAS�-! MANAGEMENI"I/RATE (,1'0MPAR!S0t,,J 19,5 8 7,5 M(,.,�r A p May Jun Jul Au g S e t-,) N Dec a n, Feb M HH" Y t A R xi RISK MANAGEMENT The County's assets are protected through the risk management program developed and managed byte Risk Management Section of the Human Resources Department. Under this progran-4 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. The 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 County's effectiveness in controlling health care costs. INDEPENDENT AUDIT Chapter 11.45 of the Florida Statutes requires an independent certified public accountant's financial audit of counties in the State. This requirement has been met for the fiscal year ending on September 30, 1990 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 1984 and related OMB Circular A-128. The auditor's report on the general purpose financial statements and combining and individual fund statements and schedules is included in the financial section of this report. The auditor's reports related specifically to the single audit are included in the Single Audit Section. CERTIFICATE OF ACHIEVEMENT The Govermnent 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, 1989. This was the second 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 sub nutting it to the GFOA to deter nune its eligibility for another certificate. xii AQKNQMjEDQ-MENI The preparation oft is 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. We would also like toexpress our appreciation and thanks to Kemp & Green, CPA's, who helped us with their comments and advice, and the Board of County Commissione.-s for their interest and support in planning and conducting the financial operations of the County in a reasonable and progressive manner. Sincerely, D a n n yy%L. �( I h 7ag fe Taryn L. Medina, CPA Clerk of Circuit Court Finance Director and Chief Financial Officer xiii (BLANK PAGE) MONROE COUNTY, FLORIDA VOTERS aRD of STATE SAISP T COUNTY POWERiY A CL�OC CmjjE M ELECTmm CON03320mms � N CQ9RYS AMLINTS Coraw LmAm a TOURIST AT Y AD A DE�OP� COUNCIL APPOINTS RE NETEPAW LYlS.2116 TlAJ1fD/8 AiP = HANAMMM Pusuc = TY Gmcrm PusA IC suer E! SAFETY SERviCE3 VWtXS mvuia DivisioN cinszar+ mvizia �tvista+ J T!A T*AN3LATmt cam IUIi.II111Q DR;3+EExi►is ►+liw1 AZ T PLANUM AND REss IIEDSCAt SERVICES fACi17T1ks srRVICEs K41NTDWCE L� soelAL cartRAL KML*Acvfxr H saw= r4mm$ = sERvras aFrla � ¢na ar ExrENsz� kaAas stRE NARS►IAt. SERVICE �� TmN .� LnY smr» svevu�s xiv (BLANK PAGE) KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WAN. 0. KEMP, CP.A- (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS 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, 1990 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the County as of September 30, 1990, and the results of its operations and the changes in financial position 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. 4 G Yl� Kemp & Green, P.A. Certified Public Accountants February 25, 1991 KEMP 1& GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. 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 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, 1990, and have issued our report thereon dated February 25, 1991 . We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. In planning and performing our audit of the general purpose financial statements of the County for the year ended September 30, 1990, 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 related to Federal Financial Assistance 2 Our consideration of the internal control structure included all of the control categories listed above. The purpose of our consideration of the internal control structure was to determine the nature, timing and extent of the auditing procedures necessary for expressing an,opinion on the general purpose financial statements. 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 to 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 25, 1991. 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. IL,1� 4-(�7,&� , Kemp & Green, P.A. Certified Public Accountants February 25, 1991 3 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 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, 1990, and have issued our report thereon dated February 25, 1991. We conducted our audit in accordance with generally accepted auditing standards and Government Auditinq Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. 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. 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. tz I PA Kemp & Green, P.A. Certified Public Accountants February 25, 1991 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 REVEN_U`E FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted by law or administrative action for specific purposes. DEBT SERVICE FUNDS The Debt Service Funds are used to account for the payment of principal, interest and expenditures on long-term debt other than debt payable from the operations of 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. GENERAL LONG-TERM DEBT The General Long-Term Debt Account Group is used to account for the County's liability for special revenue bonds and other general long-term obligations,which are not obligations of the Enterprise Funds. MONROE COUNTY,FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS aEprEmoEnoo.1mmo GOVERNMENTAL FUND TYPES anov/al Debt oan/mx oonenu Revenue ownxue Projects ASSETS AND OTHER DEBITS Aowmw: Cash and Investments * 13.657.*70 * 35.288.430 * -- * 15'e26.476 Cash with Fiscal Agent -- -- 17.028 - - xouounmpmowmame: Delinquent Waste Collection Fees -- -- -- - - m/mwmncomrunvvnecume Waste Collection Fees -- -- -- -- omo, 152.279 1.138.811 -- -- Allowance for Other u^vm/mmule - (694.851) — — Mortgage Note Receivable -- 3.255.823 -- -- Due from Other Funds 1.83*.466 14.056 66,659 108.701 Due from Other Governmental Units 2.643.062 1,125.552 -- em.*uu Inventory cv Land for Resale -- 2.e07.218 -- - - eemr=teaAomvto: Cash — — 114.788 — Investments at Cost or Amortized Cost — — 1.229.423 — Interest Receivable -- -- -- 72,593 Property,(wat.Where Applicable o/Accumulated Depreciation) -- -- -- -- Deferred Charges(weV -- -- -- - - ovxe,00mm: Amount Available for Debt Service — — — — Amount mu^Provided for Retirement n/General Long-Term Debt -- -- -- -- ----------- ------------ ---------- ---------- notm/Assets and Other Debits * 18.287.276 * *o.nus.nma m 1.427`898 $ 16.*01.193 FIDUCIARY PROPRIETARY FUND TYPES FUND TYPE ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long-Term Memorandum Enterprise Service &Agency Assets Debt Only 4,944,950 $ 2,274,370 $ 4,928,155 $ 76,719,851 13,427 — — 30,455 1,903,376 1,903,376 (1,009,069) — (1,009,069) 87,144 367,428 16,588 1,762,250 (59,155) (754,006) — 3,255,823 — 554,816 2,578,697 141,317 13,909 27,431 4,544,694 2,907,218 5,792,512 5,907,300 2,151,232 3,380,655 — — 72,593 9,560,068 34,586 62,526,365 72,121,019 320,718 — — 320,718 1,410,870 1,410,870 22,295,192 22,295,192 ------------ -—--------- ----——---- ----- ----—----- ------—-— $ 23,846,520 $ 3,245,109 $ 4,972,174 $ 62,526,365 $ 23,706,062 $ 197,447,636 The notes to the financial statements are an integral part of these statements. (Continued) 6 MONROE COUNTY,FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS-CONTINUED SEPTEMBER 30,1990 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects LIABILITIES,FUND EQUITY AND OTHER CREDITS Liabilities: Accounts Payable 1,264,541 $ 2,720,525 $ — $ 916,169 Tax Anticipation Note — 350,000 — — Accrued Wages Benefits Payable 901,350 328,878 — Due to Others — Claims and Judgements Payable — — -®- — Contracts Payable 60,929 209,592 — 99,051 Due to Other Funds 1,684,548 416.198 — 157.343 Due to Other Governmental Units 1,505,090 571 — Matured Bonds Payable — Matured Interest Payable 17,028 Matured Premium Payable — Deposits in Escrow 64,343 4,230 Deferred Revenues 152,835 456,115 Payable from Restricted Assets: Contracts Payable Accrued Interest Payable — Special Obligation Notes Payable — Revenue Bonds Payable-Current — Landfill Closure Costs — Other Current Liabilities 5,474 286 Long-Term Debt — ----—----- Total Liabilities 5,539,110 4,486,395 17,028 1,172,563 -----——--- Fund Equity and Other Credits: Investment in General Fixed Assets Contributed Capital Retained Earnings: Reserved for Revenue Bond Retirement Unreserved — — Fund Balances: Reserved for Encumbrances 50,788 799,508 9,150 Reserved for Library,Children's Room 12,805 — Reserved for Inventory — 2,907,218 Reserved for Trust Fund Purposes — Reserved for Land Acquisition 3,004,025 Reserved for Mortgage Loans 3,255,823 Reserved for Debt Service 1,410,870 Unreserved 12,684,573 28,582,070 15,219,480 ------------ -----—----- Total Fund Equity and Other Credits 12,748,166 38,548,644 1,410,870 15,228,630 ---—-----— ---------— -------—--- ------------ Total Liabilities,Fund Equity and Other Credits 18,287,276 43,035,039 1,427,898 16,401,193 7 FIDUCIARY PROPRIETARY FUND TYPES FUND TYPE ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long-Term Memorandum Enterprise Service &Agency Assets Debt Only 378,706 108,480 54,855 5,443,276 -- - - 350,000 160,770 17,393 - 1,408,391 - - 2,096,294 2,096,294 286,083 2,106,564 - 2,392,647 - - - 369,572 387.657 6,651 26,300 2,578.697 54 - 2,773,571 4,279,286 10,000 - - 10,000 306 - 17,334 3,121 3,121 44,308 112,881 -- 608,950 199,092 199,092 278,755 278,755 197,988 197,988 335,000 335,000 3,995,620 - 3,995,620 - 417 6,177 11,323,100 15,769 -- 23,706,062 35,044,931 17,600,560 2,255,274 4.951,020 23,706,062 59,728,012 - - 62,526,365 62,526,365 2,808,410 - 2,808,410 3,868,256 -- 3,868,256 (430,706) 989,835 559,129 -- 859,446 12,805 - 2,907,218 21,154 21,154 -- 3,004,025 3,255,823 1,410,870 56,486,123 ------------ -------- ---------- ----------- 6,245,960 989,835 21,154 62,526,365 137,719,624 ------- -------- ------------ ---------- $ 23,846,520 $ 3,245,109 $ 4,972,174 $ 62,526,365 $ 23,706,062 197,447,636 The notes to the financial statements are an integral part of these statements. 8 MONROE COUNTY,FLORIDA COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES AND EXPENDA13LE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects ---—-—---- --—------ Revenues: Taxes 10,102,179 $ 31,889,676 $ $ 6,527,762 Licenses&Permits 226,671 1,962,378 — -- Intergovernmental Revenues 8,740,163 7,362,621 925,515 128,750 Charges for Services 3,388,891 618,513 — — Fines&Forfeitures 128,342 1,910,969 — — Interest Income 1,168.291 2,680,231 86,647 906,030 Miscellaneous Revenues 277,784 1,196,654 -- 15,605 ----—-—---- Total Revenues 24,032,321 47,621,042 1,012.162 7,578,147 Expenditures: Current: General Government 14,909,136 3,026,022 Public Safety 15,866,214 9,497,186 Physical Environment 186,319 311,191 Transportation 1,355,075 4,015,840 Economic Environment 439,404 6,893,141 Human Services 4,619,721 201,948 Culture and Recreation 1,466,436 917,918 -- Debt Service 204,617 3,147 890,832 -- Capital Outlay -- -- -- 12,175,037 ------------- -----—----- Total Expenditures 39,046,922 24,866,393 890,832 12,175,037 ----—------- ------ -----—---—- ------------- Excess of Revenues Over/ (Under)Expenditures (15,014,601) 22,754,649 121,330 (4,596,890) ------------ ------------- ----------- -_-__-__----_ Other Financing Sources(Uses): Transfers from Other Funds 16,596,694 242,983 Transfers to Other Funds (1,077,851) (15,459,121) Capital Lease Acquisition 295,487 33,746 -- Proceeds from Bonds — -- 12,500,000 -------—---- -------—--— -----------— Total Other Financing Sources/(Uses) 15,814,330 (15,182,392) 12,500,000 -----------— Excess of Revenues and Other Sources Overl(Under) Expenditures&Other Uses 799,729 7,572,257 121,330 7,903,110 Fund Balance,October 1,1989 11,948,437 31,066,348 1,289,540 7,325,520 Equity Transfers -- (89,961) -- -- ------------- --------—--- Fund Balance,September 30,1990 $ 12,748,166 $ 38,548,644 $ 1,410,870 $ 15,228,630 The notes to the financial statements are an integral part of these statements. 9 FIDUCIARY FUND TYPE TOTAL Expendable Memorandum Trust Only $ — $ 48,519,617 2,189,049 26,300 17,183,349 — 4,007,404 113,841 2,153,152 38 4,841,237 26,818 1,516,861 166,997 80,410,669 — 17,935,158 224,853 25,588,253 -- 497,510 5,370,915 -- 7,332,545 40,462 4,862,131 -- 2,384,354 1,098,596 — 12,175,037 265,315 77,244,499 (98,318) 3,166,170 19,800 16,859,477 -- (16,536,972) -- 329,233 12,500,000 19,800 13,151,738 (78,518) 16,317,908 9,711 51,639,556 89,961 — $ 21,154 $ 67,957,464 ----------- ----------- 10 MONROE COUNTY,FLORIDA COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 GENERALFUND Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 10,138,562 $ 10,102,179 $ (36,383) Licenses&Permits 187,540 226,671 39,131 Intergovernmental Revenues 9,662,762 8,742,019 (920,743) Charges for Services 1,968,722 3,390,747 1,422,025 Fines&Forfeitures 19,398 18,652 (746) Interest Income 798,369 1,168,291 369,922 Miscellaneous Revenues 331,435 277,784 (53.651) Total Revenues 23,106,788 23,926,343 819,555 ---—--—---- ---—--------- Expenditures: Current: General Government 15,612,786 14,650,127 962,659 Public Safety 15,928,794 15,747,570 181,224 Physical Environment 228,664 186,319 42,345 Transportation 2,207,710 1,355,075 852,635 Economic Environment 816.377 439,404 376,973 Human Services 5,768.855 4,619,721 1,149,134 Culture and Recreation 1,860,635 1,466,436 394,199 Debt Service 172,207 204,617 (32,410) Capital Outlay -- — -—----------- Total Expenditures 42,596,028 38,669.269 3,926,759 Excess of Revenues Over/(Under)Expenditures (19,489,240) (14,742,926) 4,746,314 -----——---— -—---— Other Financing Sources(Uses): Reserve for Contingencies (3,748,389) — 3,748,389 Transfers from Other Funds 16,707,800 16,596,694 (111,106) Transfers to Other Funds (1,104,152) (1,077,851) 26,301 Capital Lease Acquisition 12,224 12,223 (1) Proceeds from Tax Anticipation Notes Proceeds from Bonds --------—-—- —------------ -------------- Total Other Financing Sources/(Uses) 11,867,483 15,531,066 3,663,583 -------------- —---—------- --------—---- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-Budgetary Basis (7,621,757) 788,140 8,409,897 Total Adjustments 11,589 11,589 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-GAAP Basis (7,621,757.) 799,729 8,421,486 Fund Balance,October 1,1989 11,948,437 11,948,437 — Equity Transfers — — Fund Balance,September 30,1990 $ 4,326,680 $ 12.748,166 $ 8,421,486 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) -------- --- 32,523,287 $ 31,889,676 $ (633.611) $ $ 1,065,790 1,962,378 896,588 -- - 6,171,469 7,362,621 1,191,152 925,515 925,515 429,438 618,513 189,075 - - 1,594,882 1,910,969 316,087 1,079,634 2,680,231 1,600,597 55,000 86,647 31,647 871,345 1,334,378 463,033 ---------- ------------- 43,735,845 47,758,766 4,022.921 980,515 1,012,162 31,647 7,317,386 5,913,894 1,403,492 11,809,207 9,497,136 2,312,071 333,902 311,191 22,711 8,265,888 4,015,840 4,250,048 9,375,894 6,893,141 2,482,753 619,800 201,948 417,852 1,360,884 917,918 442,966 -- -- 3,147 3,147 -- 937,415 909,051 28,364 39,086.108 27,754,215 11,331,893 937,415 909,051 28,364 4,649,737 20,004,551 15,354,814 43,100 103,111 60,011 ---- --------- ----- ----- (4,163,903) -- 4,163,903 (985,163) - 985,163 242,983 242,983 -- - (15,459,121) (15,459,121) 33,746 33,746 350,000 350,000 ---------- ------------ ------------- ------------ (18,996,295) (14,832,392) 4,163,903 (985,163) 985,163 ------------- ------------- ------------- (14,346,558) 5,172,159 19,518,717 (942,063) 103,111 1,045,174 3,095,000 2,400,098 (694,902) 18,219 18,219 (11,251,558) 7,572,257 18,823,815 (942,063) 121,330 1,063,393 31,066,348 31,066,348 -- 1,289,540 1,289,540 -- - (89,961) (89,961) -- - ------------- -------------- -------------- ------------- ------------- 19,814,790 $ 38,548,644 18,733,854 $ 347,477 $ 1,410,870 $ 1,063,393 Thy notes to the financial statements are an integral part of these statements. (Continued) 12 mumeOE COUNTY,FLORIDA COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES/wFUND BALANCES-BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS-CONTINUED FOR THE FISCAL YEAR ENDED SEPrEMBERm0.1990 CAPITAL PROJECT FUNDS Variance Favorable Budget mxmw (u^mumram/e) Revenues: Taxes 4.800.000 $ 6.527.762 $ 1.727.762 Licenses&Permits -- -- -_ Intergovernmental Revenues 128.700 /28.750 so Charges for Services -- -- - - pmmmuFxmim,ww -- -- -- Interest Income 7*4.605 905.e12 160.907 Miscellaneous Revenues 14.249 15.e05 1'356 — �� Total Revenues 5.687.554 7'577.e29 1.890.075 _____ _____ sxnenmtv,ao: Current: General Government Public Safety Physical Environment Transportation — — �- EconmmmEnmmmmont — — — Human Services -- -- - - cvxu,oanuRa,mmnon -- -- __ Debt Service -- -- -- Capital Outlay 17.e44.593 12.175.037 5.46e.56e __------- Total Expenditures 17.64*.593 /2.17e.037 5'*69^556 ------------- ------------- ------------- exoewm Revenues ovvoyunue4sxponu/me* (11.e57.039) (4.597.408) 7.359.631 omv,Financing Sources(Uses): Reserve for Contingencies (7.012.1e7) -- 7'012.127 Transfers from Other Funds -- -- -_ Transfers m,Other Funds -- --Capital Lease Laao^v*vu/ou/on -- -- - - P,ouoouvfrmnTumAnnu/pu000 wm*o -- -- Proceeds from Bonds 12.500.000 12.500.000 -- Total Other Financing mou,^em(ums) s.*or.oro 12.500.000 7.012.127 ------—-—--- ----—-------- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses-Budgetary Basis (6.4e9./e6) 7.902.592 1*.371.758 Total Adjustments -- 518 518 Excess n/Revenues and Other Sources ovo,4unuv,) Expenditures and Other Uses-aAApBasis (6.469./66) 7.903./10 1*.372.27e Fund Balance,October 1.1e8o 7.32e.520 7.325.520 -- Equity Transfers -- -- -- ____________ ____________ ---------____ runmBmanvn.amntemuo,ou./uuo $ oae.os* * 1e.228.630 14.372.27e 13 EXPENDABLE TRUST FUNDS TOTAL-MEMORANDUM ONLY Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ $ 47,461,849 $ 48,519,617 $ 1,057,768 1,253,330 2,189,049 935,719 26,300 26,300 16,888,446 17,185,205 296,759 - - 2,398,160 4,009,260 1,611,100 203,011 113,841 (89,170) 1,817,291 2,043,462 226,171 - 38 38 2,677,608 4,840,719 2,163,111 - 1,217,029 1,627,767 410,738 ----------- 203,011 140,179 (62,832) 73,713,713 80,415,079 6,701,366 22,930,172 20,564.021 2,366,151 198.971 190,638 8,333 27,936,972 25,435,344 2,501,628 - -- 562,566 497,510 65,056 10,473,598 5,370,915 5,102,683 10,192,271 7,332,545 2,859,726 46,100 40,462 5,638 6,434,755 4,862,131 1,572,624 3,221,519 2,384,354 837,165 1,112,769 1,116,815 (4,046) 17,644,593 12,175,037 5,469,556 -------------- ------------- ------------ -------------- -------------- ------------ 245,071 231,100 13,971 100,509,215 79,738,672 20,770,543 ---------- (42,060) (90,921) (48,861) (26,795,502) 676,407 27,471,909 (4,040) 4,040 (15,913,622) -- 15,913,622 46,100 19,800 (26,300) 16,996,883 16,859,477 (137,406) (16,563,273) (16,536,972) 26,301 45,970 45,969 (1) 350,000 350,000 12,500,000 12,500,000 ------------- -------------- -------------- ------------- ------------- ------------- 42,060 19,800 (22,260) (2,584,042) 13,218,474 15,802,516 ------------- ------------- ------------ ------------- ------------- (71,121) (71,121) (29,379,544) 13,894,881 43,274,425 (7,397) (7,397) 3,095,000 2,423,027 (671,973) ----------- ------- (78,518) (78,518) (26,284,544) 16,317,908 42,602,452 9,711 9,711 51,639,556 51,639.556 -- 89,961 89,961 -- -- -------------- -------- -------------- ------------- ------------- -------------- $ 9,711 $ 21,154 $ 11,443 25,355,012 $ 67,957,464 $ 42,602,452 The notes to the financial statements are an integral part of these statements. 14 MowRoEoouwnY,FLORIDA COMBINED STATEMENT OF REVENUES,EXPENSES AND CHANGES|wRETAINED EARNINGS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED aEPTEaBERom.1uam Internal Total Enterprise Service (Memorandum Funds Funds on/d Operating Revenues: Tuoo * e23.271 w -- 923'271 Charges for Services 9.018.08/ 6'545.565 15.5e3.646 Franchise Fees 989.348 -- 989.348 Miscellaneous Revenue 25.762 7.159 32.921 ___------- Total Operating Revenues `o.oao.^em 6.552.724 17.509'186 ---_--------- ____________ __----------- Operating Expenses: Personal Services 3.352.9e2 346.349 3.e99.311 Professional Services 3.e85.6e2 31*.e81 4.000.343 Landfill Closure Costs 727,000 -- 727,000 Utility Services 1*7.038 -- 1*7.038 Insurance 248,883 /.303'194 /.amz.orr Repairs and Maintenance 650.993 3,320 654.313 Operating Supplies 296.314 18.021 314.335 Other Operating Expenses 323./66 37.941 361.107 o*n'°^/aoo^ 1»73.1e5 6.e84 1.079.849 Asserted and Paid Claims -- *.*71.256 4.471.25e ------------- ------------- ------------- rmu/Operating Expense /0.505.183 e.501.**6 /r.uom.eoo ------------ ------------ ------------- opo/atmo Income(Loo4 451.279 a`.uro 502,557 rome^ 1.1/5 -- 1.1/5 Operating Grants 321.560 -- 321.560 Interest Income /.079.178 157.350 1.236.528 Interest Expenses and Fiscal Charges (8*0.828) -- (uwo.uua) ----------- ------------- Total Non-Operating Revenues(Expenses) 56/.025 157.350 718.375 ------------- ------------ ------------- Income(Loss)Before Operating Transfers 1.012.30* 208,628 /.220.932 __________ __________ -------------- Operating Transfers: Transfers from Other Funds 1.547.355 -- 1.547.355 Transfers m Other Funds (1.869.860) - (1.869.8e0) ------------- ------------- ------------- Tvta/onomn^ormnxmm (322.505) -- <ouo.soa> ----------- ------------ ----------- mo/Income(L*m* e89./99 208,628 aeo.*or Retained Earnings-October 1. 1989 8.824.781 781.207 9,605,988 Prior Period Auiummom (o.oea.suo) - (u.zoa.aoo) Retained Earnings-September zu. 1990 $ 6.2*5.960 $ 989.835 $ 7.235.795 The notes to the financial statements are on integral part u'these statements. MONROE COUNTY,FLORIDA COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 Internal Total Enterprise Service (Memorandum Funds Funds Only) Sources of Working Capital: Operations Net Income(Loss) $ 689,799 $ 208,628 $ 898,427 Items Not Requiring(Providing)Working Capital: Loss on Disposal of Assets 96,520 - 96,520 Depreciation 1,073,165 6,684 1,079,849 Amortization of Deferred Charges 26,095 26,095 Amortization of Capital Appreciation on 1985 Refunding Improvement Bonds 182,016 182,016 Increase(Decrease)in Accrued Compensated Absences 59,038 5,877 64,915 ------------ Working Capital Provided(Used)by Operations 2,126,633 221,189 2,347,822 Proceeds from amount due Comprehensive Plan Land Authority 2,212,500 - 2,212,500 Proceeds from Special Obligation Note 987,000 987,000 Net Increase in Current Liabilities Payable from Restricted Assets 4,340,094 4,340,094 ------------ -------------- _____-_____-__ Total Sources(Uses)of Working Capital 9,666,227 221,189 9,887,416 ------- ------------- Uses of Working Capital: Additions to Property,Plant and Equipment (2,480,868) (15,623) (2,496,491) Not Increase in Restricted Assets (4,305,531) (4,305,531) Retirement of Capital Leases (71,480) (71,480) Retirement of Special Obligation Note and Portions Becoming Current (335,780) (335,780) Retirement of Revenue Bonds and Portions Becoming Current (335,000) (335,000) Prior Period Adjustment (3,268,620) (3,268,620) ------------ ----------- Total Uses of Working Capital (10,797,279) (15,623) (10,812,902) -------------- Net Increase/(Decrease)in Working Capital $ (1,131,052) $ 205,566 (925,486) Components of Net Increase(Decrease) in Working Capital: Cash&Investments $ (1,352,865) $ 566,049 $ (786,816) Accounts Receivable 198,150 136,859 335,009 Due from Other Funds (7,382) 180,956 173,574 Due from Other Governmental Units (186,489) 2,563 (183,926) Accounts Payable 182,928 (13,108) 169,820 Accrued Wages Benefits Payable (4,971) (3,294) (8,265) Claims&Judgments Payable 94,404 (678,647) (584,243) Contracts Payable 29,950 29,950 Due to Other Funds (220,034) 10,827 (209,207) Due to Other Governmental Units (54) 35 (19) Capital Leases Payable 99,293 99,293 Other Current Liabilities 36,018 3,326 39,344 ------------- ---------Net Increasel(Decrease)in Working Capital $ (1,131,052) $ 205,566 $ (925,486) The notes to the financial statements are an integral part of these statements. 16 (BLANK PAGE) 17 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30,, 1990 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, 1990. Services provided by the County and accounted for within these financial statements include police services for unincorporated areas of the County, health and social services, emergency medical services, cultural and recreational programs, solid waste services and other governmental services. 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. 18 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 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 Mcnrna rnointv mnequito Control -District - The Board is elected by the citizens of Monroe County. The County has no involvement in the Ulstrict3s 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. Capital Project Funds - Capital Project Funds are used to account for financial resources segregated for the acquisition or construction of major capital facilities other than those financed by proprietary operations. 19 MQNROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30, 1990 NOTE I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Proprietary Funds: Enterprise Funds - Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the stated intent is that the cost (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be 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 Long-Term Debt Account Group - This account group is established to account for the long-term debt of the County financed from Governmental Funds. Basis of Accounting - The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases,(i .e. , revenues and other 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 20 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL-STATE MM SEPTEMBER-30,_ 1990 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 and Expendable Trust Funds. 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 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; (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. 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. Budgets and Budgetary Data - The following are the statutory procedures followed by the Board of County Commissioners in establishing the budget for Monroe County. 21 MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPT EMBER 30., 1990 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 1) On or before May 1 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. 9) Budgets for all funds, with the exception of the Property Appraiser's General Fund, are adopted on a basis consistent with generally accepted accounting principles (GAAP) for that fund type, except for revenues and expenditures relative to tax anticipation notes 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. 10) All appropriations lapse at year end. 22 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPT EMBER 30, 1990 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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. 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. General Fixed Assets - General Fixed Assets are recorded as expenditures in the General Fund, Special Revenue Funds, Capital Project Funds and other Governmental Fund types at the time of purchase and are capitalized at cost in the General Fixed Assets Account Group. Fixed assets consisting of certain improvements including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems have not been capitalized. Gifts or contributions are recorded in General Fixed Assets at fair market value at the time received. There is no depreciation expense recorded on General Fixed Assets. Enterprises and internal Cervice Fund Fixed Assets - Additions to Enterprise and Internal Service Fund Fixed Assets are stated at cost. Depreciation has been provided using the straight-line method. The estimated useful lives of the various classes of depreciable fixed assets are as follows: Life - Years Buildings and Other Improvements 10-20 Machinery and Equipment 3-10 Sanitary Landfill Sites 1-10 Improvements other than Buildings 50 23 MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 Expgnse - Unamortized debt expense of the Enterprise Funds is amortized by using the straight-line method over the life of the debt. Encumbrances - Encumbrance accounting, under which purchase orders are recorded to reserve that portion of the applicable appropriation, is employed in the Governmental and Expendable Trust Fund types. Encumbrances are not the equivalent of expenditures; therefore, the encumbrances are reported as reservations of fund balances at year end and reappropriated the following year. Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due and payable on November 1st of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Taxes become delinquent on April 1st of each year, and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June 1st of each year. No accrual for the property tax levy becoming due in November of 1990 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. Accumulated compensated absences are reflected in the General Long-Term Debt Account Group for Governmental Funds. Proprietary Fund types reflect compensated absences on the accrual basis as a long term-liability. 24 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1990 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 changes in financial position 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, 1990: Restricted Cash and Cash and Cash with Investments Investments Fiscal Agent Total Board of County Commissioners Amount Invested in County's Pooled Cash Program $ 45,611,849 $ 5,114,627 - 50,726,476 Demand Deposits 11,893,008 1,663,171 30,45 13, 6,63 Investments 9,926, 75 2, 10, 157 - 12, 36,232 67,430, 32 9,27,955 30, 5 76,749,342 Other Constitutional Officers and Dependent District Amount Invested in County's Pooled Cash Program 2,645,409 - - 2,645,409 Demand Deposits 6,263,262 - - 6,263,262 Investments 38 ,2 - 380,248 ,2 8,91 - - .288,91 $776,71 ,8 1 $ 9,287,955 $ 30,455 $ 86,038,261 25 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 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-1 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 and the U.S. Government Agency Securities are held by the County's agent in the County's name. Deferred Compensation funds are uninsured and unregistered, with securities held by an insurance company which are not in the County's name. 26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1990 NOTE 2 - CASH AND INVESTMENTS (Continued) Carrying Market Board of County Commissioners Amount Value Local Government Surplus Funds Trust Fund $ 5 ,76, 76 ,76,47 U.S. Government Treasury Obligations 7,423,670 7, ,78 U.S. Government Agency Securities 5.012.562 5,012,562 6 , 1 2,7 63, 17 ,822 Other Constitutional Officers and. Dependent District Local Government Surplus Trust Funds 2,645,409 2,645,409 Deferred Compensation Plans 33800. 8 38 ,24 , 2 , 57 3,025,657 $ 66. 188,365 66,200,479 NOTE 3 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 190 consist of the following: Community Development Block Grant: Second Mortgage Receivable from individual , secured by land and buildings, payable in monthly installments of $1,647 including interest at 3%, final payment due March 1, 200 219, 17 Second Mortgage Receivable from individual , secured by land and buildings, payable in monthly installments of $1,975 including interest at %, final payment due March 2004 264, 145 Monroe County Comprehensive Plan Land Authority (MCLA) : Non-interest bearing Mortgage Receivable from a not-for- profit corporation, secured by land, payable in annual installments of $140,000 560,000 Amount receivable from Monroe County (Municipal Service District) . The receivable is secured by an interlocl agreement which grants MCLA a conservation easement over the related land. The County will repay $442,500 annually, interest free. Repayment will commence within 180 days of the County taking title to the land, which will be acquired by eminent domain. 2.212.500 Total Mortgages Receivable 3,255, 23 7 MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30-, 1990 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. NOTE 4 - INTERFUND BALANCES Individual fund interfund receivable and payable balances at September 30, 1990 are: Interfund Interfund Fund - Receivable Payable General Fund �34 4 65 1_1_,58 ,4548 Special Revenue Funds: Fine and Forfeiture 4,251 159,104 Road and Bridge 49 30,513 Tourist Development Administrative and Promotional 3,235 - Fire and Ambulance District 1 2,226 25,422 Fire and Ambulance District 5 806 101 Fire and Ambulance District 6 3,489 470 Planning, Building and Zoning - 112,726 Parks and Recreation 5,254 -Impact Fees - Police Facilities 81,244 Upper Keys Health Care - — 1 ,364 14,056 416, 198 Debt Service Funds: 1988 Improvement Revenue Bonds 48,440 - 1990 Sales Tax Bond Anticipation Notes 18,219 - ------------66-1659 - Capital Project Funds: Comprehensive Improvements 108,701 - Revenue Bond Improvements - 136,662 Bond Anticipation Notes 108,701 - _157,343 Enterprise Funds: Municipal Service District - 379,769 Card Sound Bridge 7,888 387,657 28 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1990 NOTE 4 - I TFUN LANCE (Continued) Internal Service Funds: Workmen's Compensation 307,619 3,585 Group Insurance 246,458 460 Risk Management Fund 739 2,606 554,816 6,651 Trust and Agency Funds: Shared County and State Health Care - 26. 0 2,578,697 2.57 7 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, 1990 are as follows: Cash and Enterprise Fund - Municipal Service District Investments Debt Service Reserve Fund 97 , 73 Renewal and Replacement Fund 1916 ,813 Sinking Funds 2,2 ,716 Landfill Closure Escrow 1, ,67 Crawl Key Condemnation 1 , 66 7,93,744 Refunding_improvement Revenue Bonds, Series 193 Debt Service Fund Debt Service Reserve Fund 512,089 Sinking Fund 4 , 9 97, 48 Improvement Revenue Bonds, Series 1988 A and B Debt Service Fund Sinking Fund 346,763 $ 9,27, 5 29 MONROE COUNTY FLORIDA TEST COMBINED FINANCIAL STATEMENTS SEPT EMBER 1990 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, 1990: Enterprise Funds Municipal Service District Reserved for Debt Service - Reserve Account $ 973,573 Reserved for Debt Service - Interest Account 1,924,962 Reserved for Renewal and Replacement Account 969,721 3,868,256 Debt Service Funds Refunding Improvement Revenue Bonds, Series 1983 Reserved for Debt Service 997,448 Improvement Revenue Bonds, Series 1988 A & B Reserved for Debt Service 395,203 Sales Tax Bond Anticipation Notes, Series 1990 Reserved for Debt Service I8- 219 1,410,870 5,279, 126 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 $ 9,287,955 Less: Restricted assets for which retained earnings are not required to be reserved 3,597,641 Liabilities payable from restricted assets 477,847 Plus: Amounts due from other funds 66..659 J_5,279, 126 30 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 NOTE 7 - PROPERTY, PLANT AND EQUIPMENT The following is a summary of changes in General Fixed Assets for the year ended September 30, 1990: 1989 Additions Deductions 1990 Land $ 7,279,638 $ 5,098,479 - $ - $ 12,378,117 Buildings 20,744,452 1,538,027 238,280 22,044,199 Equipment 19,643,004 3,944,048 640,848 22,946,204 Construction in Progress 3,461,942 4,389,573 2,693,670 5, 157,845 $ 51,129 036 $14.970. 127 $ 3,572,798 $ 62,526,365 Enterprise Fund property, plant and equipment consisted of the following at September 30, 1990: Municipal Card Service Sound District Bridqe Total Land $ 214,105 $ - $ 214,105 Buildings and Improvements 267,683 2,529,805 2,797,488 Equipment 12,805,700 100,236 12,905,936 Construction in Progress 1 ,761,589 - 1 ,761 ,589 Total Property Plant and Equipment 15,049,077 2,630,041 17,679, 118 Less Accumulated Depreciation 6,932, 158 1,186,892 8, 119,050 Net Property Plant and Equipment 8,116,919 $ _ 1,443,_149 9.560,068 Internal Service Fund property, plant and equipment consisted of the following at September 30, 1990: Workmen's Group Risk Compensation Insurance Management Total Equipment $ 21,779 $ 4,688 $ 21,823 $ 48,290 Less Accumulated Depreciation 7,914 1,790 4,000 13,704 Net Equipment $ 13,865 $ 2,898 17,823 $ 34,586 31 MONROE COUNTY FLRIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30,. 1990 NOTE 8 - TAX ANTICIPATION NOTE PAYABLE Tax anticipation note payable is due in full to a bank on September 30, 1991. The note bears interest at 9% and is secured by a tax anticipation warrant pledging taxes imposed and collected by the County relative to the Translator Fund. Q0 NOTE 9 - LONG-TERM DEBT The following is a summary of changes in long-term debt for the year ended September 3 , 19 Debt Debt 1989 Issued Retired 1990 General Long-Term Debt Group Revenue Bonds $ 9,26 ,000 $12, 0 , 00 $ 215,000 $ 21,545,000 Accrued Compensated Absences 1,589,397 10 ,702 12 , 196 1,56 , 03 Capitalized Lease Obligations 561,374 303,812 295,019 570,167 Installment Loan - 29, 14 8, 2 20,992 Subtotal 11, 10,771 12_,942,928 67,637 2 ,7061062 Proprietary Funds Revenue Bonds 8,762,347 18 , 1 * 315,000 8,629,363 Accrued Compensated Absences 115,871 64,915 - 180,786 Capitalized Lease Obligations 17 ,77 - 170,77 - Special Obligation Notes - 987,000 137,792 849,208 Due to Other Governments 2,212,500 - 2, 12,500 Subtotal 9,048,991 3,446,41 62 ,565 11,871,857 Total 2 ,45 ,762 $1 , 89,359 1 .271 ,202 $ 35, 77, 19 * Includes increased value accretion on Municipal Service District Refunding Improvement, Series 1985 Capital Appreciation Bonds. 32 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 NOTE 9 - LONG-TERM DEBT (Continued) Bonds payable at September 30, 1990 from Proprietary Funds are composed of the following issues: Enterprise Revenue Bonds - $9,211,774 1985 Municipal Service District Refunding Improvement Bonds due in annual installments of $335,000 to $805,000 on October 1, 1990 to October 1, 2011; interest at 7.00% to 9.20% (including Capital Appreciation Bond accreted interest of $742,590) 18,629,363 Bonds payable at September 30, 1990 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 $30,000 to $190,000 through July 1, 2011; interest at 7.40% to 9.25% $ 1,965,000 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 5.90% to 6.90% 2,080,000 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 $21,545.000 Other long-term liabilities payable at September 30, 1990 from Proprietary Funds are composed of the following: Special Obligation Notes Payable - due in monthly installments of $21,919 on January 27, 1991 to December 29, 1994, interest at 8.56% 349 208 33 ON OE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPT EMBER 30,1990 NOTE 9 - LONG-TERM DEBT (Continued) Due to Other Governments - Amount payable to Monroe County Comprehensive Plan Land Authority (MCLA) . The debt is secured by an interlocal agreement which grants MCLA a conservation easement over the related land. The County will repay $442,500 annually, interest free. Repayment will commence within 180 days of the County taking title to the land, which will be acquired by eminent domain 2,212,500 Other long-term liabilities payable at September 30, 1990 from Governmental Funds are composed of the following: Installment notes payable in monthly installments of $1,551 from October 1, 1989 to maturity dates at various times during the fiscal year ended September 30, 1992; the average interest rate is 9.0% $ 20,992 Debt Service Funding Requirements - The total annual debt service funding requirements for all bonds outstanding at September 30, 1990, consisting of interest payments of $20,824,453 and principal payments of $29,627,115 are as follows: Revenue Bonds Year Ended Proprietary Funds Governmental September 30 Amount Interest Rate Amount Interest Rate 1991 $ 890,905 7.20-9.30% $ 908,567 6.20-9.25% 1992 895,345 7.40-9.30% 14,663,488 6.30-9.25% 1993 896,855 8.00-9.30% 915,417 6.40-9.25% 1994 896,855 8.20-9.30% 912,577 6.50-9.25% 1995 896,855 8.40-9.30% 912,636 6.60-9.25% 1996-2000 4,489,275 8.60-9.30% 4,564,382 6.70-9.25% 2001-2005 4,484,075 9.10-9.30% 4,557,939 7.20-9.25% 2006-2010 4,424,000 9. 10% 3, 154,514 7.55-9.25% Thereafter --- 878.,,255 9. 10% 207,574 9.25% TOTAL $ 18,752,420 $ 30,797,094 Notes Payable Year Ended Proprietary Funds Governmental- September 30 Amount Interest Rate Amount Interest Rate 1991 206,728 8.56% $ 11,730 9.00% 1992 206,728 8.56% 11,730 9.00% 1993 206,728 8.56% - 1 206,728 8.56% 1995 --- 51,682 8.56% - Total $ 878,594 $ 23,460 34 MONROE COUNTY,-FLORIDA TES TO COMBINED FINANCIAL STATEMENTS PT B 0 1 90 NOTE 9 - LONG-TERM DEBT (Continued) Year Ended Member 30 Total 11 $ 2,017,930 192 15,777,21 1993 2,01 ,000 1994 2,01 ,160 195 1, 1,17 1 9 - 00 9,0 , 7 2001-2005 9,042,014 6- 010 7, 7 , 1 Thereafter 1, 8 , 29 $ 50, 1,56 The amount available in the Debt Service Funds to service the 1983, 198A and 1988B and 190 revenue bonds is $1, ,211. Restrictive Covenants and Collateral Requirements - The 13 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 1985 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 to pay the cost of maintenance and operations, principal and interest requirements of the outstanding revenue bonds and to create and maintain specified reserves for such purposes. The Municipal Service District was in compliance with those covenants for the year ended September 30, 1990. 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. 35 MONROE COUNTY, , FLORIDA NOTES TO COMBINED FINANCIAL STATE MENT.- SEPTEMBER30_,, I 990 NOTE 9 - LONG-TERM DEBT (Continued) The 1988 Series A and B Improvement Revenue Bonds are payable from and secured by a first lien on 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 1985 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. NOTE 10 - PRIOR YEAR DEFEASANCE OF DEBT On December 6, 1985 the County defeased Municipal Service District Improvement Bonds, Series 1980 by placing the proceeds of the new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the County's financial statements. At September 30, 1990, $7,510,000 of bonds outstanding relative to the Series 1980 issue are considered defeased. NOTE 11 - 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, 1990: 36 MO ROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30.., 1990 NOTE 11 - LEASE OBLIGATIONS (Continued) General Long- Fiscal year endi" September 30: Term Debt 1991 $ 269,258 1992 197,700 1993 77, 184 1994 68,905 1995 31 , 127 Total minimum payments 644, 174 Amounts representing interest 74,007 Present value of net minimum lease payments 570, 167 Leased equipment which has been capitalized as of September 30, 1990 is as follows: General Fixed Assets: General Government $ 898,845 Public Safety 914,264 1,813 109 Rental expense under operating leases for the current year amounted to $638, 110. NOTE 12 - CONTRIBUTED CAPITAL Contributed capital consists of the following at September 30, 1990: Enterprise Funds - Contributions from Other Funds: Municipal Service District $ 2,805,649 Card Sound Bridge 2,761 2A=8 0�84 1�0 NOTE 13 - FUND DEFICIT Enterprise Funds - Municipal Service District - The accumulated deficit of $3,904,969 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. 37 ON OE COUNTY,FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30-.- 1990 NOTE 14 - EXPENDITURES IN EXCESS OF APPROPRIATIONS The following cost centers had expenditures in excess of appropriations at September 30, 1990: General Fund: 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 $32,410. Enterprise Funds: Municipal Service District - Landfill Closure Costs - Landfill closure costs of $727,000 attributable to 1990 were not budgeted, as this was the first year the fund recorded future landfill closure costs. NOTE 15 - SEGMENTS OF ENTERPRISE ACTIVITIES Municipal Service District operating revenues are generated primarily by billings for mandatory garbage collection. Card Sound Bridge operating revenues are generated through tolls for the use of the Bridge. The key financial data for the year ended September 30, 1990 for the above services are as follows: Municipal Card Service Sound District Bridge Total — Operating Revenues $ 10,032,716 1 923,746 L-ID 956,462 Operating Expenses 8,772,546 659,472 9,432,018 Depreciation 1,01.2,316 60,849 1 .073, 165 Total Operating Expenses 9.,784.,862 720,321 10,505, 183 Operating Income 247,854 203,425 451,279 Taxes 1, 115 - 1, 115 Operating Grants 321,560 - 321,560 Interest Income 940, 191 138,987 1,079,178 Interest Expense and Other Debt Service Costs (840,828) - (840,828) Operating Transfers Out (319.887) 618) (322,505) Net Income (Loss) jj50j05 $ 339.794 j_ 689,799 38 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1990 NOTE 15 - SEGMENTS OF ENTERPRISE ACTIVITIES (Continued) Municipal Car Service Sound District Bridge Total Net Increase (Decrease) i Working Capital (1,582,380) $ 451, 28 $ (1,1,p31.0,52) Assets $ 20.317.936 $ 3.528.584 L21.14520 Long-Term Debt $ 11.313.036 $ 10,064 $ 11. 23, 10 Contributed Capital 2.805.649 $ ,7 I ,808,410 Fund Equity $ 2.768.936 3,477,024 $�_6 _2 , 6 Acquisition of Property, Plant and Equipment L=Lj31L185 $ 49.683 $_ 2,4 0.86 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, 190 presents comparisons of the legally adopted budget with actual data on a budgetary basis. Because certain accounting principles applied for purposes of developing data on a budgetary basis differ from those used to present financial statements in conformity with GAAP, a reconciliation of resultant basis, timing and perspective differences in the Excess of Revenues and Other Sources over Expenditures and Other Uses for the year ended September 3 , 1990 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 S 788,140 S 5,172.159 $ 103,111 S 7,902,592 S (71,121} Adjustments: To adjust revenues for accruals (1,856) _ _ _ - To adjust revenues for proceeds of tax anticipation note (350,000) -To adjust revenues for mortgage repayments recorded as a reduction of assets - (140,000) - - To adjust expenditures for accruals 22,398 - To adjust expenditures for purchases of land recorded as inventory - 2,887,872 _ Reclassifications and other adjustments: To record excess of revenues and other sources over (under) expenditures and other uses for nonbudgeted funds (8,953) 2,226 18,219 518 (7,397} Total Adjustments 11,589 2,400,098 1 ,219 518 (7,397) Excess of revenues and other sources over (under) expenditures and other uses - GAAP basis S 799,729 $ 7,572,257 $ 121,330 $ 7,903,110 S (78,518) 3 MONROE COUNTY, FLORIDA TEST COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 NOTE 17 - 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 503,000 full-time employees of various governmental units within the State of Florida. The System provides for vesting of benefits after 10 years of creditable service. Normal retirement benefits are available to employees who retire at or after age 62 with 10 or more years of service. Early retirement is available after 10 years of service with a 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, 1989 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, 1989 for the System as a whole, determined through an actuarial valuation performed as of that date, was $31.8 billion. The System's net assets available for benefits on that date (valued at market) were $17.6 billion, resulting in an unfunded pension benefit obligation of $14.2 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, 15.4%, special risk employees, 20.38%, and elected officials, 20. 19%. The County's contributions of approximately $4,098,000 made during the year ended September 30, 1990 were made in accordance with contribution requirements determined by the actuarial valuation of the System as of June 30, 1989. These contributions represented approximately .24% of total contributions required of all participating employers during the fiscal year of the System ended June 30, 1989. 40 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1990 NOTE 17 - RETIREMENT PLAN (Continued) Total payroll for County employees during the fiscal year ended September 30, 1990 was approximately $25,786,000, with the portion attributed to employees covered by the System being $25,338,000. The contribution to the System for the year was approximately 15.9% of total payroll . 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, 1990. Effective January 1, 1990 contribution rates were increased to cover future normal costs and to amortize the unfunded liability determined as of June 30, 1988. NOTE 18 - INTERFUND TRANSFERS Operating Transfers during the year ended September 30, 1990 consisted of the following: Operating Operating Fund Transfers In Transfers Out General Fund $ 16,596.694 $ 1.077.851 Special Revenue Funds: Fine and Forfeiture 108,496 4" 14,677,839 Road and Bridge - 14,000 Fire and Ambulance District 1 - 271,529 Fire and Ambulance District 5 - 62,507 Fire and Ambulance District 6 - 90,023 Translator System - 25,448 Special Road District Gulf Drive - 'j, 968 Planning, Building and Zoning 134,487 ' 269,807 Impact Fees - Libraries - 47,000 242,983 15,459,121 Expendable Trust: Shared County and State Health w. Care Program 19,800 - Enterprise Fund: Municipal Service District - 319,887 Card Sound Bridge - 2,618 322,505 $ 16,859.477 $ 16,859,477 41 0 ROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTE BER 30,199,0 NOTE 1 - INTERFUND TRANSFERS (Continued) Equity transfers during the year ended September 30, 1990 consisted of the following: Equity Equity Fund Transfers In Transfers Out Special Revenue Funds: Fine and Forfeiture Fund $ - $ 89,961 Expendable Trust Funds: Law Enforcement Trust 8_ 61 - $ 8 , 61 8 ,961 NOTE 1 - DEFERRED COMPENSATION PLAN The Sheriff, Tax Collector and Property Appraiser offer their employees a deferred compensation plan created in accordance with Internal Revenue Code Section 47. The plan, available to all the Officers' 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 Officers (without being restricted to the provisions of benefits under the plan) , subject only to the claims of the Officers' general creditors. Participants' rights under the plan are equal to those of general creditors of the Officers in an amount equal to the fair market value of the deferred account for each participant. The Officers have 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 Officers believe that it is unlikely that they will use the assets to satisfy the claims of general creditors in the future. NOTE 20 - 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 Couny's financial condition. 2 MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1990 NOTE 21 - COMMITMENTS AND CONTINGENCIES Self Insurance Pro rams - The County is self-insured for losses in the areas of liability and workers' compensation. Claims are paid from the Group Insurance, Workmen's Compensation, and is 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, 1990, 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 25, 1991 there were no material questioned or disallowed costs as a result of grant audits in process or completed. Arbitrage Rebate - In accordance with the Tax Reform Act of 1986, any interest earnings on borrowed construction funds in excess of the interest costs are required to be rebated to the federal government. The County has estimated that there will be no liability for arbitrage rebate. Sales Tax Revenue Bonds - By resolution adopted on March 27, 1990, the County authorized the issuance of $40,000,000 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. It is anticipated that these bonds will be issued November, 1991 . 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, 1990. 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 1985 and the issuance of additional parity bonds. The plan is pending approval from the Florida Department of Environmental Regulation. NOTE 22 - PRIOR PERIOD ADJUSTMENT Pursuant to the Florida Department of Environmental Regulation Rule issued in 1985, operators of useable landfills must estimate the total costs to close them and the related annual maintenance costs of long-term care for the closed landfill . The balance of retained earnings for the Enterprise Fund, Municipal Service District for 1990 has been adjusted for the effect of recognizing that portion of the costs attributable to prior years. 43 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. MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERALFUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 10,138.562 $ 10,102,179 $ (36,383) Licenses and Permits 187,540 226,671 39,131 Intergovernmental Revenues 9,662,762 8,742,019 (920,743) Charges for Services 1,968,722 3,390,747 1,422,025 Fines and Forfeitures 19,398 18,652 (746) Interest Income 798,369 1,168,291 369,922 Miscellaneous Revenues 331,435 277,784 (53,651) ----------- Total Revenues 23,106,788 23,926,343 819,555 ------------- Expenditures: Current: General Government: Board of County Commissioners 1,147.089 1,116,750 30,339 Charter Govt Study Comm 5,000 - 5,000 Insurances-Clerk Circuit Court 206,585 206,585 Insurances-Clerk to the Board 90,136 90,084 52 Insurances-Microfilm 16,085 16,064 21 Clerk to the Board 564,953 560,427 4,526 Clerk of the Circuit Court 955,081 919,052 36,029 Clerks Supplemental Planning Budget 40,000 31,839 8,161 Clerk of the Circuit Court-Microfilm 115,719 107,623 8,096 Clerk of the County Court 605,898 597,409 8,489 Clerk-Data Processing 231,085 225,923 5,162 Clerk-Electronic Recording 75,988 75,599 389 Clerk-Domestic Relations 54,239 47,225 7,014 Criminal Systems Capital Purchase 123,300 70,870 52,430 County Attorney 727,535 671,225 56,310 Property Appraiser 1,872,980 1,810,706 62,274 Tax Collector 2,332,757 2,132,136 200,621 Circuit Court 287,471 276,463 11,008 County Court 45,119 38,691 6,428 Jail Overcrowding Project 177,754 172,773 4,981 Court Facility 19,963 16,024 3,939 State Attorney 126,500 98,498 28,002 Public Defender 162,784 158.639 4.145 Guardianship Evaluation 5,000 3,263 1,737 Pretrial Services Resource Center 25,000 16,211 8,789 Supervisor of Elections 366,187 355,685 10,502 Elections 80,954 78,425 2,529 County Administrator 221,165 202,316 18,849 County Administrator-Data Processing 722,317 696,988 25,329 County Administrator-Fiscal Management 299,124 276,658 22,466 Grants Management 1,617 1,617 Person nelkSafety 251,950 243,322 8.628 Public Works Garage 634,364 504,153 130,211 Public Works Correction Facilities 114,388 100,309 14,079 (Continued) 44 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-CONTINUED FOR THE FISCAL YEAR ENDED SEPT EMBER 30,19M Variance Favorable Budget Actual (Unfavorable) Public Works Facilities Maintenance 2,503,516 2,377,269 126,247 Marathon Jaycees Building 3,500 1,710 1,790 Public Service Bldg Parking Lot 28,500 13,760 14,740 Advertising 10,000 6,798 3,202 Chaplin Building 57,700 57,592 108 Communications 300,500 270,463 30,037 Certificate Cancellation Refunds 2,983 2,983 - Total General Government 15,612,786 14,650,127 962,659 ------------ Public Safety: Medical Examiner 186,506 183,171 3,334 Disaster Preparedness 168,607 149,689 18,918 Radiological Emergency Preparedness Grant 103,406 89,528 13,878 Emergency Medical Services Coordinator 234,220 226,146 8,074 Emergency Medical Svc Matching Grant 10/88-9/89 123,961 67,241 66,720 Public Safety Management 117,080 114,834 2,246 Emergency Medical Communications 11,547 11,468 79 911 Emergency System 149,524 149,524 Emergency Medical Air Transportation 80,000 15,842 64,158 Sheriff 14,753,944 14,750,127 3,817 ------------- ----------- Total Public Safety 15,928,794 15,747,570 181,224 ------------- ---------- Physical Environment: Tavernier Ocean Shores 4,970 4,970 DNR Boating Improvement 19,770 19,770 Various Waterway Routes 29,186 29,185 1 Beach Access Grant 4,600 4,600 Pigeon Key Solar Grant 40,000 195 39,805 Extension Service 130,138 127,599 2,539 ----------- ---- Total Physical Environment 228,664 186,319 42,345 Transportation: Marathon Airport 118,536 107,425 11,111 Marathon Airport Noise Study 19,755 5,406 14,349 Marathon AIP-07 Beacon&Tower 80,291 70.291 10,000 Marathon AIP-07 East Apron 84,941 379 84,562 Marathon AIP-07 West Apron 230,126 210,167 19,959 Marathon AIP-07 Runway Safety Overrun 61,069 61,069 Marathon AIP-08 Safety Fence&Gates 1,241 1,241 -- Key West Airport Operations&Maint. 720,883 658,272 62,611 Key West AIP-03 Noise Study 11,668 933 10,735 Key West A!P-04 Apron Expansion 248,072 132,738 115,334 Key West AIP--05 Terminal Restrooms 38,790 22,675 16,115 Key West AIP-05 CFR Equipment 15,431 15,054 377 (Continued) 45 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-CONTINUED FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Key West AIP-06 Beacon&Tower 76,907 76,907 Key West Parking Lot 500,000 69,425 430,575 -------------- Total Transportation 2,207,710 1,355,075 852,635 ------------ ------ Economic Environment: Housing Authority\HUD 260,519 27,601 232,918 Veteran's Affairs 294,847 271,206 23,641 SFETC-JTPA Liaison 7/89-6/90 27,131 17,949 9,182 SFETC-JTPA Liaison 7/90-6/91 29,39e 6,550 22,846 SFETC-Title IIA 7189-6/90 17,924 16,653 1,271 SFETC-Title I IA 7/90-6191 41,369 37,16e 4,203 Title 11 Incentive Award 1,756 840 916 SFETC Intake Est.7/89-6190 31,762 26,906 4,856 SFETC Intake Est.7190-6/91 40,500 9,726 30,774 Summer Youth Employment&Training 51,511 13,989 37,522 SFETC-Title 1 19,662 10,818 8,844 Total Economic Environment 816,377 439,404 376,973 ---------- Human Services: Public Works Animal Shelter 488,702 462,841 25,861 Baker Act Services 310,129 285,569 24,560 Mental Health 285,287 285,283 4 Monroe County Association for Retarded Citizens 20,300 20,300 Baker Act Transportation(MHCLK) 83,059 80,901 2,158 Juvenile Drug Rehabilitation Program 80,000 80,000 Grace Jones Daycare Center 3,241 3,241 - Welfare Administration 553,698 517,613 36,085 Welfare Services 680,332 662,060 18,272 Health Care Responsibility Act 110,868 1,055 109,813 County Home 409,808 383,282 26,526 Senior Community Svc.Proj.-Federal 7/89-6190 160,042 147,119 2,923 Senior Community Svc.Proj.-Local 7/89-6/90 36,601 23,501 13,100 Senior Community Svc.Proj.-Federal 7/90-6/91 178,700 30,278 148,422 Senior Community Svc.Proj.-Local 7/90-6191 6,310 3,877 2,433 Transportation Title 111-B 1989 66,734 61,948 4,786 Transportation Title 111-13 1990 191,578 131,672 59,906 Transportation 154,803 150,111 4,692 Nutrition C-1 1989 63,065 60.900 2,165 Nutrition C-1 1990 185,663 127,983 57,680 Nutrition C-11 1989 38,272 36,764 1,508 Nutrition C-11 1990 155,125 108,653 46,472 CCE-In Home Services 1990 467,717 437,161 30,556 CCE-In Home Services 1991 559,739 154,716 405,023 CODA-Homemakers 1989 121,125 110,390 10,735 CCDA-Homemakers 1990 131,952 33,503 98,449 Homemaker III-D 1/89-12/89 10,353 10,209 144 (Continued) 46 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,B(PENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Homemaker 111-0 1/90-12190 18,702 14,379 4,323 Senior Community Service Project 40,000 31,736 8,264 Lower Keys AARP 1,500 395 1,105 Middle Keys AARP 1,500 1,302 198 Upper Keys AARP 1,500 1,062 438 Big Pine Key AARP 1,500 1,077 423 Older Americans Volunteer Program 4,000 2,516 1,484 Legal Aid 14,250 13,624 626 Help Line 10,500 10,500 Domestic Abuse Shelter 14,250 14,250 Hospice of the Florida Keys 50,000 50,000 Aids Help,Inc. 38,000 38,000 Big Brothers\Big Sisters 10,000 10,000 Handicapped Job Placement 19,950 19,950 ------------ ------------ Total Human Services 5,768,855 4,619,721 1,149,134 ----------- ------------- Culture and Recreation: Fine Arts Council 102,500 102,500 Parks and Beaches 306,136 258,137 47,999 Summer School Recreation Program 42,750 40,733 2,017 Historic Fla.Keys Preservation Board 8,550 8,550 East Martello Art Gallery and Historical Museum 11,615 10,263 1,352 Key West Garden Club-West Martello 23,939 21,517 2,422 Key West Lighthouse Museum 12,535 10,155 2,380 Senior Major Baseball League 1,000 1,000 Pigeon Key Restoration Planning Project 5,000 2,130 2,870 Library Admin Support 303,099 272,513 30,586 Library Key West 328,047 319,768 8,279 Library Bookmobile 34,093 31,931 2,162 Library Marathon 148,051 138,014 10,037 Library Islarnorada 111,463 105,964 5,499 Library Key Largo 178,827 126,532 52,295 Library Donations 116,030 4,777 111,253 Community Information&Referral Center 12,000 11,684 316 LSCA Grant 55,000 268 54,732 Caloosa Cove 60,000 60,000 ------------ -------------- Total Cultural and Recreation 1,860,635 1,466,436 394,199 ------------- ------- Debt Service: Principal Retirement 142,732 166,202 (23,470) Interest and Fiscal Charges 29,475 38,415 (8,940) Total Debt Service 172,207 204,617 (32,410) Total Expenditures 42,596,028 38,669,269 3,926,759 (Continued) 47 MOmROs COUNTY,FLORIDA STATEMENT oF REVENUES,EXPENDITURES AND CHANGES/m FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-CONTINUED FOR THE FISCAL YEAR ENDED mEpromosnuu.`9m vuxanmo pavmu»/e auunou Actual (unmwomx/e) Excess o/Revenues Over/ (Under)Expenditures (1e.489.240) (1*'7*2,926) *.746.314 Other Financing Sources(uems): Reserve for Contingencies (3.748.389) -- 3,748,389 Transfers from Other Funds 16.707.800 16.59e.ee4 (111.106) Transfers m Other Funds (1.104.152) (1.077.851) 26.301 Capital Lease xcnv/uovv 12,22* 1e,2e3 (1) Total Other Financing Sources/(Uses) 11.867.*83 15'531.066 3,663,583 ---_---- ____-----__ e,uemn"/Rm"nnmwnanuomv, Sources Om^yunue4Expenditures and Other Uses-Budgetary Basis (7.621'757) 788.1*0 o.00u`uor Total Adjustments -- 11'589 11.589 Excess cv Revenues and Other Sources m*e*(unu*,) Expenditures and Other Uses-aAApBasis (7.e21.757) 79e.729 8.421.48e Fund Balance,October/./mum 1/.948.*37 11.948.437 -- -------------- ________ ----______ FunuBo|an,a.septemuerom.1oou $ 4.326.680 $ /e.748./66 * 8.421'486 48 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 "The Rock" in Marathon. The CD BG 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. (Continued) 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, Gulf Drive Road and Venetian Drive. 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 hew Density and Land Use Plan requirements. Property is also purchased for recreational and conservational purposes. (BLANK PAGE) 49 MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS SEPTEMBER 30.1990 Community Development Fine Road Block & & Law Grant Forfeiture Bridge Library ASSETS Assets: Cash and Investments $ 63,296 $ 6,607,182 7,816,185 $ 5,121 Accounts Receivable: Other — — 1,619 Allowance for Other Uncollectible — — Mortgage Note Receivable 483,323 — -- Due from Other Funds — 4,251 49 Due from Other Governmental Units 177,134 234,629 1,155 Inventory of Land for Resale — — -—---------- -----—--—-- Total Assets $ 546,619 $ 5,788,567 $ 8,051,482 $ 6,276 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 928,316 $ 164,424 1,597 Tax Anticipation Note — -- Accrued Wages Benefits Payable 75,593 - Contracts Payable — 209,592 Due to Other Funds 159,104 30,513 Due to Other Governments — — Deposits in Escrow Deferred Revenues Other Current Liabilities 286 Total Liabilities 1.087,706 480,122 1,597 Fund Equity: Fund Balances: Reserved for Encumbrances Reserved for Inventory Reserved for Land Acquisition — Reserved for Mortgage Loans 483,323 — — Unreserved 63,296 4,700,861 7,571,360 4,679 -----—------ ---—------— Total Fund Equity 546,619 4,700,861 7,571,360 4,679 ------------- ------------- ---------- _----________ Total Liabilities and Fund Equity $ 546,619 5,788,567 $ 8,051,482 $ 6,276 50 Tourist Tourist Tourist Tourist Tourist Development, Development, Development, Development, Development, Development, Administrative District District District District District and #One #TWO #Three #Four #Rve Promotional 2 Gent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent $ 255,491 $ 98,353 $ 120,109 $ 121,356 $ 131,683 $ 656,801 - - - 3,235 44,592 6,937 16,846 14,864 15,855 205,342 ---------- $ 300,083 $ 105,290 $ 136,955 $ 136,220 $ 147,538 $ 865,378 $ 59,797 $ 19,635 $ 9,097 $ 22,465 $ 14,818 $ 485,393 59,797 19,635 9,097 22,465 14,818 485,393 ----------- 3,288 240,286 85,655 127,858 113,755 132,720 376,697 ---------- ------------ 240,286 85,655 127,858 113,755 132,720 379,985 ----------- --------- ----------- ---------- 300,083 $ 105,290 $ 136,956 $ 136,220 $ 147,538 $ 865,378 (Continued) 51 MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS—CONTINUED SEPTEMBER 30,1990 Tourist Tourist Tourist Tourist Development, Development, Development, Development, District District District District #One #TWO #Throe #Four 3 Cent 3 Cent 3 Cent 3 Cent ASSETS Assets: Cash and Investments $ 1,350.946 $ 156,080 $ 285,702 $ 558,957 Accounts Receivable: Other — — — — Allowance for Other Uncollectible Mortgage Note Receivable Due from Other Funds — — — — Due from Other Governmental Units 67,869 11,466 25,240 23,517 Inventory of Land for Resale — — — — Total Assets $ 1,418,815 $ 167,546 $ 310,942 $ 582,474 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 218,600 $ 9,293 $ 133,866 $ 43,161 Tax Anticipation Note — — -- Accrued Wages Benefits Payable Contracts Payable — — — — Due to Other Funds — — — — Due to Other Governments — — — — Deposits in Escrow — — — — Deferred Revenues — — — — Other Current Liabilities — — — — Total Liabilities 218,600 9,293 133,866 43,161 Fund Equity: Fund Balances: Reserved for Encumbrances Reserved for Inventory Reserved for Land Acquisition Reserved for Mortgage Loans — — — -- Unreserved 1,200,215 158,253 177,076 539,313 Total Fund Equity 1,200,215 158,253 177,076 539,313 Total Liabilities and Fund Equity 1,418,815 $ 167,546 $ 310,942 $ 582.474 52 Tourist Fire And Special Development, Ambulance Fire And Fire And Translator Road District District District#1 Ambulance Ambulance System Cross Key #Rve Lowerand District#5 District#6 Service Waterway 3 Gent Middle Keys Tavernier Key Largo District Estates $ 625,377 $ 2,299,876 $ 375,250 $ 726,022 $ 327,914 $ 5,899 - 786,582 - - 350,000 (694,851) - - 2,226 806 3,489 24,125 49,431 4,984 10,871 1,139 ---------- $ 649,502 $ 2,443,264 $ 381,040 $ 740,382 $ 679,053 $ 5,899 $ 35.977 $ 120,362 $ 26,187 $ 48,411 $ 185,934 -- -- - - 350,000 78.368 - 25,422 101 470 381 so 110 45,600 35,739 5,540 ------ ------------- 35,977 270,133 62,107 54,531 535,934 ----------- - 668,481 4,964 103,017 10,039 613,525 1,504,650 313,969 582,834 133,080 5,899 613,525 2,173,131 318,933 685,851 143,119 5,899 ------------ 649,502 $ 2,443,264 $ 381,040 $ 740,382 $ 679,053 $ 5,899 (Continued) MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS—CONTINUED SEPTEMBER 30,1990 Unincorporated Area Service District Special Special Mariners Planning, Road District Road District Hospital Building and Gulf Drive Venetian Drive District Zoning ASSETS Assets: Cash and Investments $ — $ 51,717 $ 35,304 $ 1.936,185 Accounts Receivable: Other — — — Allowance for Other Uncollectible — Mortgage Note Receivable — Due from Other Funds Due from Other Governmental Units 29,131 Inventory of Land for Resale Total Assets $ 51,717 $ 35,304 $ 1,965,316 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ $ 73,174 Tax Anticipation Note — Accrued Wages Benefits Payable 155,832 Contracts Payable — Due to Other Funds 112,726 Due to Other Governments Deposits in Escrow 2,750 Deferred Revenues Other Current Liabilities — -------- ------- Total Liabilities 344,482 Fund Equity: Fund Balances: Reserved for Encumbrances 644 Reserved for Inventory Reserved for Land Acquisition Reserved for Mortgage Loans — --- Unreserved 51,717 35,304 1,620,190 Total Fund Equity 51.717 35,304 1,620,834 ------------- --------—--- --—-------- Total Liabilities and Fund Equity $ $ 51,717 35,304 1,965,316 54 Unincorporated Area Service District Impact Fees Impact Fees Parks and Impact Fees Parks and Impact Fees Impact Fees Police Recreation Roadways Recreation Libraries Solid Waste Facilities $ 448,378 $ 4,667,881 $ 355,003 $ 394,736 $ 291,461 $ 312,473 610 -- _. ®. _- - 161 $ 449,149 $ 4,667,881 $ 355,003 $ 394,736 $ 291,461 $ 312,473 $ 64,774 $ - $ - $ 20,327 16,159 - -_ - - - 5,254 -- -- -- -- 81,244 86,187 - - 20,327 - 81,244 3,995 - - 4,780 - - 358.967 4,667,881 355,003 369,629 291,461 231,229 362,962 4,667,881 355,003 374,409 291,461 231,229 $ 449,149 $ 4,667,881 $ 356,003 $ 394,736 $ 291.461 $ 312,473 (Continued) 55 MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS—CONTINUED SEPTEMBER 30.1990 Upper Keys Health Care Sheriff Comprehensive Special Safety Plan Taxing Seat Land District Program Authority Total ASSETS Assets: Cash and Investments $ 1,266,785 $ 12,116 $ 3,929,791 $ 35,288,430 Accounts Receivable: Other — — — 1,138,811 Allowance for Other Uncollectible — — — (694,851) Mortgage Note Receivable — — 2,772,500 3,255,823 Due from Other Funds — — — 14,056 Due from Other Governmental Units 14,932 — 145,332 1,125,552 Inventory of Land for Resale — — 2,907,218 2,907,218 Total Assets $ 1,281,717 $ 12,116 $ 9,754,841 $ 43.035,039 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 34 $ — $ 34,883 $ 2,720,525 Tax Anticipation Note -- — — 350,000 Accrued Wages Benefits Payable 2,926 — -- 328.878 Contracts Payable — -- — 209,592 Due to Other Funds 1,364 — — 416,198 Due to Other Governments — -- — 571 Deposits in Escrow — 1,480 — 4,230 Deferred Revenues -- — 369,236 456,115 Other Current Liabilities -- -- — 286 Total Liabilities 4,324 1,480 404,119 4.486,395 Fund Equity: Fund Balances: Reserved for Encumbrances 300 — — 799,508 Reserved for Inventory — — 2,907,218 2,907,218 Reserved for Land Acquisition -- — 3,004,025 3,004,025 Reserved for Mortgage Loans — — 2,772,500 3.255,823 Unreserved 1,277,093 10,636 666,979 28,582,070 Total Fund Equity 1,277,393 10,636 9,350,722 38,548,644 Total Liabilities and Fund Equity $ 1,281,717 $ 12,116 $ 9,754,841 $ 43,035,039 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 56 (BLANK 'AGE) 57 MowRoe COUNTY,FLORIDA COMBINING SrmEmemT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMeeRmm.1em ommmv^xy Development Fine Road Block & & Law Grant Forfeiture Bridge Library Revenues: Taxes * -- $ 16.496.541 1.616.172 * -- Licenses&Permits -- -- —_ Intergovernmental Revenues -- 304.096 3.266.12/ — - C»ar000m,servioem -- 2*3.948 7.963 -- Fines&Forfeitures -- 1.881.*80 -- 17.986 Interest Income 14.2e6 482.702 498.387 43 Miscellaneous Revenues -- 10.457 1*.e4* 212 ----------- ---------- ---------- ---------- Tma/Revenues 14.266 19.419.224 5.*03.287 18.241 --------- -------- ---------Expenditures: Current: cunont: General Government — 589.627 — 14.556 Public Safety -- *.206.843 -- -- Physical Environment -- -- -- -- Transportation -- -- 3.911'544 -- Economic Environment -- -- -- _— Humammemicea -- -- -- - - ouuu,eand Recreation -- -- -- - - oomo*nxoo Total Expenditures -- 4.796.470 3.e11.54* /4.55e ---------- ----------- ------------ ----------- svmvovr Revenues Over/ (Under)Expenditures 1*.266 14'622.754 1'*e1'743 3,685 ___________ ___________ ___________ omerpi^anumoemw,coo(uoes): Transfers from Other Funds -- /ua.*as -- -- Transfers m Other Funds -- (14.677.839) (14.000) -- Capital Lease Acquisition -- -- -- -- ---------- ---------- ----------- ---------- Tmmomn,rmanomoeouroew(ooms) -- (14.56e.343) (1*.000) -- --- ------_ ______ ______ sxc^aovrmnvonuvv*nuomm e^u,umwovon(unum/) Expenditures a Other Uses /*.ucm 53.*11 1.477.7*3 3,685 Fund Balance,October 1,198e 532,353 *.737.411 e.nuo.e`r 994 Equity Transfer Tu(Fmm)Other Funds -- (ae.ua/) -- Fund Balance.September 30,1990 m 546.619 * *.700.861 * 7.571.360 * *.ero 58 Tourist Tourist Tourist Tourist Tourist Tourist Development, Development, Development, Development, Development, Development, Administrative District District District District District and #One #TWO #Three #Four #Rve Promotional 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent $ 646,388 $ 93,914 $ 177,805 $ 184,633 $ 204,603 $ 2,660,031 13,903 4,168 4.786 9,936 8,276 57,000 5 1 2 1 2 2,089 660,296 98,083 182,593 194,570 212,781 2,719,120 ----------- 635,322 79,704 99,773 179,523 173,999 3,161,479 ------------ 635,322 79.704 99,773 179,523 173,999 3,161,479 ------ -- ------- ---------- 24,974 18,379 82,820 15,047 38,782 (442,359) -- -------- ------------ ------------- --------- ----------- ------------ 24,974 18,379 82.820 15,047 38,782 (442,359) 2,362,098 268,542 532,408 494,689 696,077 - (2,146,786) (201,266) (487,370) (395,981) (602,139) 822,344 ------------ 240,286 $ 85,655 $ 127.858 $ 113,755 $ 132,720 $ 379,985 (Continued) 59 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19M 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 974,177 $ 146,143 $ 271,370 $ 283,889 Licenses&Permits — — -- — Intergovernmental Revenues — — Charges for Services — — Fines&Forfeitures — — — — Interest Income 139,568 15,427 25,692 31,472 Miscellaneous Revenues — — — -- Total Revenues 1,113,745 161,570 297,062 315,361 --——------ Expenditures: Current: General Government Public Safety Physical Environment Transportation — — — -- Economic Environment 1,559,287 170,388 557,133 76,450 Human Services — — — — Culture and Recreation Debt Service -------—---- ------------- Total Expenditures 1,559,287 170,388 557,133 76,450 Excess of Revenues Over/ (Under)Expenditures (445,542) (8,818) (260,071) 238,911 ------------- ------—----- -—----—---- Other Financing Sources(Uses): Transfers from Other Funds Transfers to Other Funds Capital Lease Acquisition Total Other Financing Sources/(Uses) ---—---—-- —---—------ Excess of Revenues and Other Sources Oved(Under) Expenditures&Other Uses (445,542) (8,818) (260,071) 238,911 Fund Balance,October 1, 1989 -- — -- — Equity Transfer To(From)Other Funds 1,645,757 167,071 437,147 300,402 -—--------— —---------- Fund Balance,September 30,1990 $ 1,200,215 158,253 $ 177,076 539,313 60 Tourist Fire And Special Development, Ambulance Fire And Fire And Translator Road District District District#1 Ambulance Ambulance System Cross Key #Five Lowerand District#5 District#6 Service Waterway 3 Cent Middle Keys Tavernier Key Largo District Estates $ 308,056 3,508,321 $ 369,606 $ 714,961 $ 84,203 $ 17 27.387 32 239,424 4,984 9,561 1,112 44,731 198,053 44,784 63,132 31,792 260 - 1,606 - 291 - ------------ ------ ---------- 352,787 3,974,791 419,374 787,945 117,139 277 ----------- ---------- 160,836 17,335 35,907 71 2,583,550 352,748 349,586 481 200,083 402,045 200,083 2,744,386 370,083 385,493 402,116 481 ----------- -- -------- -------- 152,704 1,230,405 49,291 402,452 (284,977) (204) ----------- ------------ ------------ ----------- --- (271,529) (62,507) (90,023) (25,448) ----------- ------------- -------- (271,529) (62,507) (90,023) (25,448) ---------- ------------ --------- --------- 152,704 958,876 (13,216) 312,429 (310,425) (204)- -- 1,214,255 332,149 373,422 453,544 6,103 460,821 - - -- - ------------- ------------- ---- ------------ ------------- 613,525 $ 2,173,131 $ 318,933 $ 685,851 $ 143,119 $ 5,899 (Continued) 61 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS—CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Unincorporated Area Service District Special Special Mariners Planning, Road District Road District Hospital Building and Gulf Drive Venetian Drive District Zoning Revenues: Taxes $ 3,584 $ 1,723,030 Licenses&Permits 1,962,378 Intergovernmental Revenues 6,938 Charges for Services 28,398 Fines&Forfeitures 11,503 Interest Income 4,056 2,543 203,711 Miscellaneous Revenues 13,729 Total Revenues 4,056 6,127 3,949,687 ------—----- Expenditures: Current: General Government 157 2,007,909 Public Safety 1,915,527 Physical Environment 307,614 Transportation -- Economic Environment Human Services 4,093 Culture and Recreation — Debt Service 3,147 Total Expenditures 4,250 4,234,197 Excess of Revenues Over/ (Under)Expenditures 4,056 1.877 (284,510) Other Financing Sources(Uses): Transfers from Other Funds 134,487 Transfers to Other Funds (968) (269,807) Capital Lease Acquisition 33,746 ---------—-- Total Other Financing Sources/(Uses) (968) (101,574) ----—--- — -----—--- ---------—— --- Excess of Revenues and Other Sources Over/(Under) Expenditures&Other Uses (968) 4,056 1,877 (386,084) Fund Balance,October 1,1989 968 47,661 33,427 2,006,918 Equity Transfer To(From)Other Funds — — — Fund Balance,September 30,1990 $ $ 51,717 $ 35,304 1.620,834 62 Unincorporated Area Service District Impact Fees Impact Fees Parke and Impact Fees Parks and Impact Fees Impact Fees Police Recreation Roadways Recreation Libraries Solid Waste Facilities $ 378,132 $ $ $ 1,599 24,236 38,060 340,714 25,274 34,672 21,454 22,672 24,255 824,746 65,855 95,760 36,335 56,008 --- --------- ----------- ----------- ------------- ------------- 466,282 1,165,460 91,129 130,432 57,789 78,680 ----------- ------------- ------------ ------------- --------- 88,882 - 3,577 - 103,815 420,453 8,010 87,410 ------------ 420,453 103,815 8,010 87,410 3,577 88,882 ------------ ------------ ------------- ------------- ------------- 45,829 1,061,645 83,119 43,022 54,212 (10,202) ----------- (47,000) ------------ (47,000) ----------- ------- ---------- 45,829 1,061.645 83,119 (3,978) 54,212 (10,202) 317,133 3,606,236 271,884 378,387 237,249 241,431 362,962 $ 4,667,881 $ 355,003 $ 374,409 $ 291,461 $ 231,229 (Continued) 63 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS-CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Upper Keys Health Care Sheriff Comprehensive Special Safety Plan Taxing Seat Land District Program Authority Total Revenues: Taxes 1.044,200 $ $ $ 31,889,676 Licenses&Permits — — 1,962,378 Intergovernmental Revenues — 3,756,448 7,362.621 Charges for Services 58,887 — 618,513 Fines&Forfeitures — — 1,910,969 Interest Income 84,544 214,153 2,680,231 Miscellaneous Revenues — 2,276 48,380 1.196,654 Total Revenues 1.187,631 2,276 4,018,981 47,621,042 Expenditures: Current: General Government 49,980 149,644 3,026,022 Public Safety - so -- 9,497,186 Physical Environment — 311,191 Transportation — 4,015,840 Economic Environment — 6,893,141 Human Services 197,855 201,948 Culture and Recreation -- 917,918 Debt Service 3,147 -——------- ——------— ---------- Total Expenditures 247,935 50 149,644 24,866,393 -----—------ Excess of Revenues Over/ (Under)Expenditures 939,796 2,226 3,869,337 22,754,649 ------—----- Other Financing Sources(Uses): Transfers from Other Funds 242,983 Transfers to Other Funds (15,459,121) Capital Lease Acquisition 33,746 --—-------- -----—--- Total Other Financing Sources/(Uses) (15,182,392) Excess of Revenues and Other Sources Over/(Under) Expenditures&Other Uses 939,796 2,226 3,869,337 7,572,257 Fund Balance,October 1,1989 337,597 8,410 5,481,385 31,066,348 Equity Transfer To(From)Other Funds -- — (89,961) Fund Balance,September 30,1990 $ 1,277,393 $ 10,636 $ 9,350,722 $ 38,548,644 64 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL COMMUNITY DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND R THE FISCAL YEAR ENDED SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ — $ 14,266 $ 14,266 Excess of Revenues -- 14,266 14,266 Fund Balance,October 1,1989 532,353 532,353 -- Fund Balance,September 30,1990 $ 532,353 $ 546,619 $ 14,266 ------------ ------------ ------------ ------------ ------------ ------------ 65 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL FINE AND FORFEITURE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19M Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 16,939,537 $ 16.496,541 $ (442,996) Intergovernmental Revenues 286,590 304,096 17,506 Charges for Services 257,697 243,948 (13,749) Fines and Forfeitures 1,580.482 1,881,480 300,998 Interest Income 244,256 482,702 238,446 Miscellaneous Revenues 1,100 10,457 9,357 Total Revenues 19,309,662 19,419,224 109,562 Expenditures: Current: General Government: Witness Fees 589,586 584,532 5,054 Certificate Cancellation Refunds 5,095 5,095 Total General Government 594,681 589,627 5,054 Public Safety: Sheriff's Budget 102,000 101,999 1 Sheriff's Other 1,391,360 1,228,876 162,484 Other Law Enforcement Officers 49,380 49,380 -- LEEA Funds 75,000 74,945 55 Trust Fund Capital Equipment 2,912.423 2,751,643 160,780 Total Public Safety 4,530,163 4,206,843 323,320 Total Expenditures 5,124,844 4,796,470 328,374 Excess of Revenues Over/ (Under)Expenditures 14,184,818 14,622,764 437.936 Other Financing Sources(Uses): Reserve for Contingencies (1,730,489) - 1,730,489 Transfers from Other Funds 108,496 108,496 -- Transfers to Other Funds (14,677,839) (14,677,839) -- Total Other Financing Sources/(Uses) (16,299,832) (14,569,343) 1,730,489 -------------- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (2,115,014) 53,411 2,168,425 Fund Balance,October 1,1989 4,737,411 4,737.411 -- Equity Transfer to Law Enforcement Trust Fund - (89,961) (89,961) Fund Balance,September 30,1990 $ 2,622,397 $ 4,700.861 $ 2,078,464 ------------ ------------ ------------ ------------ ------------ ------------ 66 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL ROAD AND BRIDGE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 1.700,000 1,616,172 (83,828) Intergovernmental Revenues 2,080,000 3,266,121 1,186,121 Charges for Services 5,000 7,963 2,963 Interest Income 190,000 498,387 308,387 Miscellaneous Revenues — 14,644 14,644 Total Revenues 3,975,000 5,403,287 1,428,287 Expenditures: Current: Transportation: Road Department 1,374,531 1,171,552 202,979 Boot Key Bridge 121,670 108,250 13,420 County Engineer 291,660 276,850 14,810 Local Option Gas Tax: Road Department,Operating 773,035 725,991 47,044 Street Lighting 253,736 231,239 22,497 Local Option Gas Tax Projects 2,984,046 1,075,534 1,908,512 80%Gas Tax Sth&6th Cent Projects 2,290,800 312,284 1,978,516 US Dept of Interior Fish&Wildlife Service 10,000 9,844 156 Total Expenditures 8,099,478 3,911,544 4,187,934 ----------—-- Excess of Revenues Over/ (Under)Expenditures (4,124,478) 1,491,743 5,616,221 Other Financing Sources(Uses): Reserve for Contingencies (301,107) 301,107 Transfers to Other Funds (14,000) (14,000) -- ------------ Total Other Financing Sources/(Uses) (315,107) (14,000) 301,107 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (4,439,585) 1,477,743 6,917,328 Fund Balance,October 1,1989 6,093,617 6,093,617 -- Fund Balance,September 30,1990 1,654,032 $ 7,571,360 $ 5,917,328 67 MOmROs COUNTY,FLORIDA STATEMENT op REVENUES,EXPENDITURES AND CHANGES/m FUND BALANCE—BUDGET AND ACTUAL LAW LIBRARY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED ospTcMoEnan.199m Variance Favorable Bvugm* Actual (Unfavorable) Revenues: Fines and Forfeitures o /*.^oo * ,r.wuo * 3,586 Interest Income coo *» (157) Miscellaneous Revenues -- 212 212 ----------- Total Revenues 1*.600 18.2*1 3.641 sx»onuxvmo: uvnon: General Government: ovvmn^nv 14,570 1*,556 1* Total Expenditures 14.570 14.556 `* Excess o,Revenues Over/ (Under)Expenditures om 3,685 3.655 Fund Balance,October 1.1eoo mw mw -- _Fund Balance,September mm.1mm * 1.024 n 4.e7e n 3,655 68 ' ~ ' � momoos COUNTY,FLORIDA STATEMENT op REVENUES,EXPENDITURES AND - CHANGES/m FUND BALANCE—BUDGET AND ACTUAL TOURIST DEVELOPMENT.TWO CENT,DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED osprowasnoo./mm Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ e48.768 $ 646.388 (2.380) Interest Income 14,941 13.903 (1.038) Miscellaneous Revenues -- s s Total Revenues 663.709 660,296 (3.413) Expenditures: cunom: Economic Environment: em^m 8*5,836 635.322 u/o.m* ------ ------ ---- ---—--—----- Total Expend immo o*o'uoa 635.322 e10.51* Excess^r Revenues ov x (Under)Expenditures (182.127) 2*.974 207.101 Fund Balance,October 1.1uao 2,362,098 2,362,098 -- Equity Transfer m Other TooFunds (2'1*6.786) (e.146.786) -- Fund Balance,September 30,1990 * 33.185 $ u*o.uoa * 207.101 � , 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 SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 114,488 $ 93,914 $ (20,574) Interest Income 2,637 4,168 1,531 Miscellaneous Revenues — 1 1 -------——-— Total Revenues 117,125 98,083 (19,042) Expenditures: Current: Economic Environment: Events 178,546 79,704 98,842 —----—------ Total Expenditures 178,546 79,704 98,842 Excess of Revenues Over/ (Under)Expenditures (61,421) 18,379 79,800 Fund Balance,October 1,1989 268,542 268,542 Equity Transfer To Other TDC Funds (201,266) (201,266) Fund Balance,September 30,1990 5,855 $ 85,655 $ 79,800 70 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 SEPT EMBER 30,19W Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 190,814 $ 177,805 (13,009) Interest Income 4,394 4,786 392 Miscellaneous Revenues — 2 2 ------------— ---------- Total Revenues 1,95,208 182,593 (12,615) Expenditures: Current: Economic Environment: Events 230,486 99,773 130,713 ---------—--- --- Total Expenditures 230,486 99,773 130,713 ------------— Excess of Revenues Over/ (Under)Expenditures (35,278) 82,820 118,098 Fund Balance,October 1,1989 532,408 532,408 -- Equity Transfer to Other TDC Funds (487,370) (487,370) — ----------—— -------- Fund Balance,September 30,1990 9,760 $ 127,858 $ 118,098 71 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT,DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPT ER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 127,209 $ 184,633 $ 57,424 Interest Income 2,930 9,936 7,006 Miscellaneous Revenues — 1 1 Total Revenues 130,139 194,570 64,431 Expenditures: Current: Economic Environment: Events 222,340 179,523 42,817 Total Expenditures 222,340 179,523 42,817 ——---------- Excess of Revenues Over/ (Under)Expenditures (92,201) 15,047 107,248 Fund Balance,October 1,1989 494,689 494,689 — Equity Transfer to Other TDC Funds (395,981) (395,981) -- ------- ------------ Fund Balance,September 30,1990 $ 6,507 $ 113,755 $ 107,248 72 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,B(PENDITURES AND CHANGES IN FUND BALANCE-®BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT,DISTRICT FIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1 9W Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 190,814 $ 204,503 13,689 Interest Income 4,394 8,276 3,882 Miscellaneous Revenues — 2 2 Total Revenues 195,208 212,781 17,573 Expenditures: Current: Economic Environment: Events 279,386 173,999 105,387 Total Expenditures 279,386 173,999 105,387 Excess of Revenues Over/ (Under)Expenditures (84,178) 38,782 122,960 Fund Balance,October 1, 1989 696,077 696,077 -- Equity Transfer to Other TDC Funds (602,139) (602,139) -------------- -------------- Fund Balance,September 30,1990 $ 9,760 $ 132,720 $ 122,960 73 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 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 2,636,030 $ 2,660,031 $ 24,001 Interest Income 60,705 57,000 (3,705) Miscellaneous Revenues — 2,089 2,089 Total Revenues 2,696,735 2,719,120 22,385 Expenditures: Current: Economic Environment: Advertising and Promotion 3,118.368 2,929,185 189,183 Administrative Services 265,875 232,294 33,581 Total Expenditures 3,384.243 3,161,479 222,764 Excess of Revenues Over/ (Under)Expenditures (687,508) (442,359) 245,149 Fund Balance,October 1,1989 — — -- Equity Transfer From Other TDC Funds 822,344 822,344 -- Fund Balance,September 30,1990 $ 134,836 $ 379,985 $ 245,149 ------------ ------------ ------------ ------------ ------------ ------------ 74 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 SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 996,572 974,177 $ (22,395) Interest Income 132,600 139,568 6,968 Total Revenues 1,129,172 1,113,745 (15,427) Expenditures: Current: Economic Environment: 3rd Cent Program 45,000 — 45,000 TDC Administrative Expense 32,181 25,105 7,076 Tourist Information Services 96,167 89,119 7,048 Bricks and Mortor 686,859 593,024 93,835 Special Events 340,000 283,581 56,419 Promotion and Advertising 638,763 568,458 70,305 Total Expenditures 1,838,970 1,559,287 279,683 Excess of Revenues Over/ (Under)Expenditures (709,798) (445,542) 264,256 -—-------- Other Financing Sources(Uses): Reserve for Contingencies (879.500) 879,500 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (1,589,298) (445,542) 1,143,756 Fund Balance,October 1,1989 — — — Equity Transfer From Other TDC Funds 1,645,757 1.645,757 ------------ Fund Balance,September 30,1990 66,459 $ 1,200,215 $ 1,143,756 75 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 30,19N Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 175.866 $ 146,143 $ (29,723) Interest Income 23,400 15,427 (7,973) Total Revenues 199,266 161,570 (37,696) Expenditures: Current: Economic Environment: 3rd Cent Program 15,090 — 15,090 TDC Administrative Expense 5,679 3,586 2,093 Tourist Information Services 42,728 34,950 7,778 Bricks and Mortor 127,834 -- 127,834 Promotion and Advertising 165,042 131,852 33,190 Total Expenditures 356,373 170.388 185,985 Excess of Revenues Over/ (Under)Expenditures (157.107) (8,818) 148,289 Fund Balance,October 1,1989 — — -- Equity Transfer From Other TDC Funds 167,071 167,071 — Fund Balance,September 30,1990 $ 9,964 $ 158,253 $ 148,289 ------------ ------------ ------------ ------------ ------------ ------------ 76 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 SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 293,109 271,370 $ (21,739) Interest Income 39,000 25,692 (13,308) Total Revenues 332,109 297,062 (35,047) Expenditures: Current: Economic Environment: 3rd Cent Program 191 -- 191 TDC Administrative Expense 9,465 7,173 2,292 Tourist Information Services 83,972 36,258 47,714 Bricks and Mortor 367,736 309.875 57,861 Special Events 55,980 5,256 50,724 Promotion and Advertising 235,307 198,571 36,736 Total Expenditures 752,651 557,133 195,518 Excess of Revenues Over/ (Under)Expenditures (420,542) (260,071) 160,471 Fund Balance,October 1,1989 — — -- Equity Transfer From Other TDC Funds 437,147 437,147 ------------- ------ Fund Balance,September 30,1990 16,605 $ 177,076 $ 160,471 77 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL TOURIST DEVELOPMENT,THREE CENT,DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 195,406 $ 283,889 $ 88,483 Interest Income 26,000 31,472 5,472 Total Revenues 221,406 315,361 93,955 Expenditures: Current: Economic Environment: 3rd Cent Program 118,165 -- 118,165 TDC Administrative Expense 7,173 7,173 - Tourist Information Services 82,000 49,440 32,560 Bricks and Mortor 240,000 - 240,000 Special Events 13,400 3,393 10,007 Promotion and Advertising 50,000 16,444 33,556 Total Expenditures 510;738 76,450 434,288 Excess of Revenues Over/ (Under)Expenditures (289,332) 238,911 528,243 Fund Balance,October 1,1989 - - - Equity Transfer From Other TDC Funds 300,402 300,402 - Fund Balance,September 30,1990 $ 11,070 $ 539,313 $ 528,243 78 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 SE BE 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 293,109 $ 308,066 14,947 Interest Income 39,000 44,731 5,731 Total Revenues 332,109 352,787 20,678 Expenditures: Current: Economic Environment: 3rd Cent Program 171,252 171,252 TDC Administrative Expense 9,465 8,197 1,268 Tourist Information Services 99,268 85.019 14,249 Bricks and Mortor 297,804 297,804 Special Events 66,179 - 66,179 Promotion and Advertising 132,357 106,867 25,490 ------------ ----------- Totar Expenditures 776,325 200,083 576,242 ----------- Excess of Revenues Over/ (Under)Expenditures (444,216) 152,704 596,920 Fund Balance,October 1,1989 - -- - Equity Transfer From Other TDC Funds 460,821 460,821 ------------ Fund Balance,September 30,1990 16.605 $ 613,525 $ 596,920 79 mONROsCOUNTY.FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES/m FUND BALANCE-BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#1-LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED osp7sMosnxm.1mem Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes o 3,594,085 * 3.508,321 * (85'76* Intergovernmental Revenues 50,600 27,387 (23.2/3) Charges for Services 148.021 e39'424 e1.403 Interest Income -- 198'053 198'053 Miscellaneous Revenues -- 1.606 1.606 Total Revenues 3.792.706 3.974.791 182'085 Expenditures: Current: General Government: Commissions and Fees 1ee.383 160.836 8.547 -------------- ___--------- Public Safety: Fire Rescue,Dist-Lower&Middle Keys 1.728.e60 739.733 988.817 Ambulance,Dist-Lower&Middle Keys 1.e05'000 1.833.285 71.715 EMS Matching Grant 100.600 -- 100.e00 EMS Matching Grant 10.535 10.532 u --- __----- ---_______ Tuta/puoovuxfetr 3.7*4,685 2'583.550 /.161.135 Total Expenditures 3.914.0e8 2.74*.386 1.169.e82 _______ ---__------- -----------__ Excess vr Revenues Over/ (Under)Expenditures (121.362) 1.230.405 1.351.7e7 ----------- -------------- ------------ Other Financing Sources(uoos): Reserve for Contingencies <170.560 -- 170'560 Transfers tn Other Funds (271.529) (271.529) -- Total Other Financing moor"em(um"s) (4*2.089) (e71.529) 170.560 Excess o,Revenues and Other sounosove,4uomor> Expenditures and Other Uses <e3.*51> 958.876 1.5e2.3e7 Fund Balance,October/.1989 1.21*.255 1.e14.e55 -- ----------- -----------' -------------- Fund Balance,September 30.1990 $ 650.80* u 2'173.131 * 1.52e.327 80 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#5—TAVERNIER SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1900 Variance Favorable Midget Actual (Unfavorable) Revenues: Taxes $ 380,866 $ 369,606 $ (11,249) Intergovernmental Revenues 36,739 — (36,739) Charges for Services — 4,984 4,984 Interest Income — 44,784 44,784 Total Revenues 416,5994 419.374 2.780 Expenditures: Current: General Government: Commissions and Fees 25,000 17,280 7,720 Certificate Cancellation Refunds 56 65 1 Total General Government 25.056 17,336 7,721 Public Safety: Tavernier Volunteer Ambulance 149,037 134,947 14,090 EMS Matching Grant 71.478 -- 71,478 Tavernier Volunteer Fire Dept. 353,924 217,801 136.123 Total Public Safety 674.439 352,748 221,691 Total Expenditures 599,495 370,083 229,412 Excess of Revenues Over/ (Under)Expenditures (182,901) 49,291 232,192 Other Financing Sources(Uses): Reserve for Contingencies (11,277) 11.277 Transfers to Other Funds (62.507) (62,507) Total Other Financing Sources/(Uses) (73,784) (62,507) 11.277 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (256,685) (13,216) 243,469 Fund Balance,October 1,1989 332,149 332,149 -- Fund Balance,September 30.1990 $ 75,464 $ 318.933 $ 243.469 81 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#6-KEY LARGO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1900 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 737,810 $ 714,981 $ (22,849) Intergovernmental Revenues 5,540 - (5,540) Charges for Services - 9,561 9,561 Interest Income 63,132 63,132 Miscellaneous Revenues - 291 291 Total Revenues 743,350 787,945 44,595 Expenditures: Current: General Government: Commissions and Fees 38,244 34.151 4,093 Certificate Cancellation Refunds 1,756 1,750 Total General Government 40.000 35,907 4,093 Public Safety: Key Largo Volunteer Ambulance 179,088 145,350 33,738 EMS Matching Grant 5,640 - 5,640 Key Largo Volunteer Fire Dept. 623.590 204,236 419,354 Total Public Safety 808,218 349,586 458,632 Total Expenditures 848,218 385.493 462,725 Excess of Revenues Over/ (Under)Expenditures (104.868) 402,452 507,320 Other Financing Sources(Uses): Reserve for Contingencies (9,028) - 9,028 Transfers to Other Funds (90,023) (90.023) Total Other Financing Sources/(Uses) (99,051) (90,023) 9,028 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (203,919) 312,429 516,348 Fund Balance,October 1,1989 373,422 373,422 -- Fund Balance,September 30,1990 $ 169,503 $ 685,851 $ 516.348 82 MOmROeCOUmY,FLORIDA STATEMENT op REVENUES,EXPENDITURES AND CHANGES/m FUND BALANCE-BUDGET AND ACTUAL TRANSLATOR SYSTEM SERVICE DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBERmm.199m Variance Favorable Budget Actual <unmavormmw4 Revenues: Taxes w 79x667 $ 84,203 $ *.536 Intergovernmental Revenues -- oo ou Charges for Services -- 1.112 1.112 Interest Income 42.192 31.792 (10.*00 Miscellaneous Revenues mm -- (500 Total Revenues 122.359 117.139 (s.000) sxnenmmm*: Current: General Government: . Certificate Cancellation Refunds n 71 -- Culture and Recreation: Translator 660.928 402,045 248.883 Total Expenditures 650.e99 402.116 u*n.nno Excess o/Revenues Over/ (Under)Expenditures (aun.m*o) (28*.9r7) 2*3.663 Other Financing Sources(o*vs): Reserve for Contingencies (43,873) -- ^o.mn Transfers to Other Funds (25.448) <ua.wq -- Proceeds from Tax Anticipation Notes 350.000 350.000 -- Total Other Financing omumew(uoos) 280,679 ou*.soo ^o.mo Excess m Revenues and Other Sources ov*oyonuor) Expenditures and Other Uses-Budgetary Basis (247.e61) 39,575 287.536 Total Adjustment (mm.moo) (me.omV -- Excess or Revenues and Other Sources ov*,/(onoo,) sxnewmmmounuOme,00^o-aAApmaoio <5e7.961> (310.425) 287.536 Fund Balance,October 1.1eno 453.e44 453.544 -- ------ ----- -----' Fund Balance,September on.1mm $ <144.417) $ 143.119 $ 287.536 83 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 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ — $ 17 $ 17 Interest Income — 260 260 Total Revenues — 277 277 Expenditures: Current: Transportation: Street Lighting-Cross Key Estates 4,800 481 4,319 Total Expenditures 4,800 481 4,319 Excess of Revenues Over/ (Under)Expenditures (4,800) (204) 4,596 Fund Balance,October 1,1989 6,103 6,103 -- Fund Balance,September 30,1990 $ 1,303 $ 5,899 $ 4,596 ............ ............ ............ 84 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL SPECIAL ROAD DISTRICT—GULF DRIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Other Financing Sources(Uses): Transfers to Other Funds $ (968) $ (968) $ — Excess of Other Sources(Uses) (968) (968) — Fund Balance,October 1,1989 968 Fund Balance,September 30,1990 $ — $ — $ — zmzxzzzmzzxx zmzxxmxxxxxs xxxxxxxxzxxx 85 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL SPECIAL ROAD DISTRICT—VENETIAN DRIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ -- $ 4,056 $ 4,056 Excess of Revenues — 4,056 4,056 Fund Balance,October 1,1989 47,661 47,661 — Fund Balance,September 30,1990 $ 47,661 $ 51,717 $ 4,056 �xa7aza�xz�aercxxs szzaczzx�uazcasx sa�sc�xzazc�xa�� 86 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 SEPTEIMBER 30.1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 3,569 $ 3,584 $ 15 Interest Income e81 2,543 1,862 Total Revenues 4,250 8,127 1,877 Expenditures: Current: General Government: Certificate Cancellation Refund 157 157 — Human Services: Mariners Hospital 4,093 4,093 — Total Expenditures 4,250 4,250 — Excess of Revenues Over/ (Under)Expenditures — 1,877 1,877 Fund Balance,October 1, 1989 33,427 33,427 — Fund Balance,September 30,1990 $ 33,427 $ 35,304 $ 1,877 87 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 FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Vadance Favorable Budget Actual (Unfavorable) Revenues: Taxes S 1,772,780 If 1,723,030 $ (49,750) Licenses and Permits 1,065.790 1,962.378 896,588 Intergovernmental Revenues - 6.938 6,038 Charges for Services 28,308 28,398 Fines and Forfeitures - 11,503 11,503 Interest Income 197,304 203,711 6,407 Miscellaneous Revenues - 13,729 13,729 Total Revenues 3,035,874 3,949.687 913,813 Expenditures: Current: General Government Planning and Zoning 1.821,178 1,816,254 4,924 Planning Commission 52,625 43,978 8,847 Parke&Recreation 10,870 3,530 7,340 Land Use Plan 32,690 32,690 PlanninouildinqPCode Enforcement Fees 104,781 100J70 4,005 Certificate Cancellation Refunds 881 Bel Planning and Building Refunds 27,521 9,820 17,701 Total General Government 2,050,526 2,007,909 42,617 Public Safety: Building Department 1,212,135 1,159.120 53,015 Code Enforcement 529,546 481,162 48,384 Fire Marshall 286,219 276,245 10,974 Total Public Safety 2,027,900 1,015,527 112,373 Physical EnvironmenL Environmental Resources 325,637 307,614 18,023 Debt Service: Principal Retirement 1,924 1,924 Interest and Fiscal Charges 1,223 1,223 Total Debt Service 3,147 3,147 Total Expenditures 4,407,210 4,234,197 173,013 Excess of Revenues Oved (Under)Expenditures (1,371,3W) (294,510) 1,086,826 Other Financing Sources(Uses): Reserve for Contingencies (352,222) 352,222 Transfers from Other Funds 134,487 134,487 (Continued) 88 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 SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Transfers to Other Funds (269,807) (269,807) — Capital Lease Acquisition 33,748 33,746 — Total Other Financing Sources/(Uses) (453,796) (101,574) 352,222 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (1,825,132) (386,084) 1,439,048 Fund Balance,October 1,1989 2,006,918 2,006,918 — Fund Balance,September 30,1990 $ 181.786 S 1,620,834 $ 1,439,048 89 MONROE COUNTY,FLORIDA STATEMENT mp REVENUES.EXPENDITURES AND CHANGES/m FUND BALANCE—BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT—PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1990 Variance Favorable Budget Actual (unfavorable) Revenues: Tmmvw $ 382.065 $ 378,132 $ (3.923 Intergovernmental Revenues -- 1.599 1.599 Charges for Services 18.720 24.236 5.51e Interest Income -- 38,060 38,060 Miscellaneous Revenues 7.450 24.255 1e.805 Total Revenues 408.225 466.282 58'057 e^p^nmmmw: uunvm: Culture and Recreation: Summer School Recreation Program eiwm 54,829 171 Parks u Beaches Unincorporated ' 344.790 309,080 35,710 Pigeon Key 67.318 6e,544 10.774 Total Expenditures 467'108 420.453 :a.mss Excess ur Revenues Over/ (Under)Expenditures (58'883) :s.ouy 104.712 omm,pmenmno Sources(Uses): Reserve for Contingencies (85.593) -- 85.593 Excess m Revenues and Other Som,ueoo,o,Kuoue,) Expenditures and Other Uses (144.:76) :s.oum 190.305 Fund Balance.October 1.1mwm 317.133 317.133 -- Fund Balance.September 30, 1990 $ 172.657 $ 362.962 n 190,305 ' 90 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL IMPACT FEES—ROADWAYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ 340,714 S 340,714 Miscellaneous Revenues 161,610 824,746 663,136 Total Revenues 161.610 1,165,460 1,003,850 Expenditures: Current: Transportation: Fair are Improvement Dist 1 20.000 1,610 18,390 Fair Share Improvement Dist 2 21,610 19,266 2,345 Fair Share Improvement Dist 3 120.000 82.940 37.060 Total Expenditures 161.610 103.815 57,795 Excess of Revenues Over/ (Under)Expenditures — 1,061,645 1,081,645 Fund Balance,October 1,1989 3,606,236 3,606.236 — Fund Balance,September 30,1 S 3,606,236 $ 4.667,881 S 1,061,645 91 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 SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ $ 25.274 $ 25,274 Miscellaneous Revenues 17,128 65,855 48,727 Total Revenues 17,128 91.129 74.001 Expenditures: Current: Culture and Recreation: Fair Share Improvement Dist 1 2,500 128 2,372 Fair Share Improvement Dist 2 2.628 1,205 1,423 Fair Share Improvement Dist 3 12,000 6,677 5,323 Total Expenditures 17,128 8,010 9,118 Excess of Revenues Over/ (Under)Expenditures — 83,119 83,119 Fund Balance,October 1,1989 271,884 271,884 Fund Balance,September 30, 1990 $ 271,884 $ 355,003 $ 83,119 92 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 30.1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income 34,672 $ 34,672 Miscellaneous Revenues 20,190 95,760 75,670 Total Revenues 20,190 130,432 110,242 Expenditures: Current: Culture and Recreation: Fair are Improvement Dist 1 91.800 30,3e3 61,437 Fair are Improvement Dist 2 48.776 22,733 26,043 Fair Share Improvement Dist 3 85,144 34,314 50,830 Total Expenditures 226,720 87,410 138,310 Excess of Revenues Over/ (Under)Expenditures (205,530) 43,022 248.552 Other Financing Sources(Uses): Transfers to Other Funds (47,000) (47.000) -- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (252.530) (3,978) 248,552 Fund Balance,October 1,1989 378,387 378,387 — Fund Balance,September 30,1990 S 125,867 S 374,409 $ 248.552 93 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL IMPACT FEES-SOLID WASTE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1090 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ $ 21,464 $ 21,454 Miscellaneous Revenues 8,265 36,335 28,070 Total Revenues 8,265 57,789 49,524 Expenditures: Current: Physical Environment: Fair are Improvement Dist 1 1.250 65 1,185 Fair Share Improvement Dist 2 1,315 130 1,185 Fair Share Improvement Dist 3 5,700 3,382 2,318 Total Expenditures 8,265 3,577 4,688 Excess of Revenues Over/ (Under)Expenditures — 54,212 54.212 Fund Balance,October 1,1989 237.249 237.249 Fund Balance,September 30,1990 S 237.249 S 291,461 $ 54,212 94 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 SEPT EMBER 30.1900 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest Income $ $ 22,e72 $ 22,672 Miscellaneous Revenues 15,102 56,008 40,906 Total Revenues 15,102 78,680 63.578 Expenditures: Current: Public Safety: Fair are Improvement Dial 1 47,025 27,19e 19,829 Fair Share Improvement Dist 2 33,027 29,342 3.685 Fair Share Improvement Dist 3 43,750 32,344 11,406 Total Expenditures 123,802 88,882 34,920 Excess of Revenues Over/ (Under)Expenditures (108,700) (10.202) 98,498 Fund Balance,October 1,1989 241,431 241,431 Fund Balance,September 30,1990 S 132,731 S 231.229 $ 98,498 95 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES.EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,070,744 $ 1.044,200 $ (26.544) Charges for Services — 58,887 58,887 Interest Income 10-'000 84,544 74.544 Total Revenues 1,080,744 1,187,631 106,887 Expenditures: Current; General Government: Commissions and Fees 50,000 49.234 766 Certificate Cancellation Refunds 746 746 Total General Government 50.746 49.980 766 Human Services: Trauma Care Administration 120,000 62,357 57,643 Transportation and Treatment 455.460 116,198 339.262 Pro—Transportation Hospital&Physical Care 25.881 19,300 6,581 Upgrading Facilities&Staff Services 14,366 — 14,366 Total Human Services 615,707 197,&W 417,852 Total Expenditures 666,453 247.835 418,618 Excess of Revenues Over/ (Under)Expenditures 414,291 939,796 525,505 —----------- Other Financing Sources(Uses): Reserve for Contingencies (580,254) 580,254 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (165,963) 939,796 1,105,759 Fund Balance,October 1,1989 337,597 337.597 — Fund Balance,September 30,1990 171,634 1,277,393 $ 1,105,759 96 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1900 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental Revenues S 3,713,000 $ 3,756,448 S 43,448 Interest Income 45,000 214,153 169,153 Miscellaneous Revenues 840,000 188,380 (451,620) Total Revenues 4.398,000 4,158,981 (239,019) Expenditures: Current: General Government: Administrative 287,196 149,644 137,552 Land Acquisition 4,085,000 2,987,872 1,197,128 Total Expenditures 4,372,196 3,037.516 1,334,680 Excess of Revenues Over/ (Under)Expenditures-Budgetary Basis 25,804 1.121,465 1,095,661 Total Adjustments 3,445,000 2,747,872 (697,128) Excess of Revenues Over/ (Under)Expenditures,-GAAP Basis 3,470,804 3,869,337 398,533 Fund Balance,October 1,1989 5,481,385 5,481.385 — Fund Balance,September 30,1990 $ 8,952,189 $ 9,350,722 $ 398,533 97 (BLANK PAGE) 98 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 30,1990 1983 1988 A&B 1990 Refunding Improvement Sales Tax Bond Improvement RGOVEMUO Anticipation • Bonds Notes TOW ASSETS Assets: Cash with Fiscal Agent $ 17.028 $ $ $ 17,028 Due from Other Funds — 48,440 18,219 66,659 Restricted Assets: Cash 108,375 (1,413 114,788 Investments at Cost or Amortized Cost 889.073 340.350 1.229,423 Total Assets 1,014,476 $ 395,203 $ 18.219 $ 1,427,898 LIABILITIES AND FUND EQUITY Liabilities: Matured Interest Payable $ 17.028 $ $ $ 17,028 Total Liabilities 17,028 — 17.028 Fund Equity: Reserved for Debt Service 997.448 395,203 18,219 1,410,870 Total Fund Equity 997,448 395,203 18.219 1,410,870 ---------- Total Liabilities and Fund Equity $ 1.014.476 $ 395,203 $ 18,219 $ 1,427,898 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 1993 IQUA&B 1900 Refunding Improvernent Sales Tax Bond Improvernent Revenue Anticipation • Bonds Notes Total Revenues: Intergovernmental Revenues $ 223,250 $ 702,265 $ — 926,616 Interest Income 71,819 14,828 — 86,647 Total Revenues 295.069 717,093 — 1,012,162 Expenditures: Debt Service 211,851 697,200 (18,219) 890.832 Total Expenditures 211,851 697,200 (18,219) 890,832 Excess of Revenuer.Over/ (Under)Expenditures 83,218 19.893 18,219 121,330 Fund Balance,October 1, 1989 914,230 375.310 — 1,289,540 Fund Balance,September 30, 1990 997.448 $ 395,203 $ 18,219 $ 1,410,870 100 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES—BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SE 30,199D 1983 Refunding Improvement Bonds Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental Revenues S 223,250 S 223.250 Interest Income 55,000 71,819 16,819 Total Revenues 278,250 295,069 16,819 Expenditures: Debt Service: Principal Retirement 30,000 30,000 Interest 178.000 177,839 161 Fiscal Charges 4,012 4,012 Total Expenditures 212,012 211,851 161 Excess of Revenues Over/ (Under)Expenditures 66,238 83,218 16,980 ----——------ Other Financing Sources(Uses): Reserve for Contingencies (865,801) 865,801 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (799,563) 83,218 882,781 Fund Balance,October 1, 1989 914,230 914,230 — ----------- Fund Balance,September 30, 1990 S 114,667 S 997,448 $ 882,781 101 ins®A&B Improvement Revenue Bonds Total Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) -------- ------ 702,265 $ 702,265 $ $ 925,515 $ 925,515 $ - 14,828 14,828 55,000 86,647 31,647 ------------- ------------- 702,265 717,093 14,828 980.515 1.012,162 31,647 ---------- 212,102 185.000 27,102 242,102 215,000 27,102 510,301 510,300 1 688.301 688,139 162 3,000 1,900 1,100 7,012 5,912 1.100 725,403 697,200 28,203 937,415 909,051 28,364 ------------ -------------- ------------ ------------- -------------- -------------- (23,138) 19,893 43,031 43,100 103,111 60,011 ---------- -------------- -------------- ------------ -------------- -------------- (119.362) 119,362 (985,163) 985.163 -------------- -------------- (142,500) 19,893 162,393 (942,063) 103,111 1,045,174 375,310 375,310 - 1,289,540 1,289,540 -- ------------- ------------- -------------- ------------- $ 232,810 $ 395,203 $ 162,393 $ 347,477 $ 1.392,651 $ 1,045,174 102 (BLANK PAGE) 103 CAPITAL PROJECT FUNDS COMPREHENSIVE IMPROVEMENTS To account for all major capital projects of Monroe County. KEY WEST ANIMAL SHELTER To account for improvements to the County's Key West Animal Shelter. This fund does not have a legally adopted budget. REVENUE BOND CAPITAL IMPROVEMENTS To account for capital improvements allocated from the Revenue Bond. 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 Bond Anticipation Notes. MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL CAPITAL PROJECT FUNDS SEPTEMBER 30,1 Key West Revenue Bond Comprehensive Animal Capital Improvements Shelter Improvements ASSETS Cash and Investments $ 610,860 $ 5,424 $ 2,484,808 Due from Other Funds 108,701 — — Due from Other Governmental Units — Interest Receivable — — -- Total Assets $ 719,561 $ 5,424 $ 2,484,808 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 1,781 $ -- $ 695,576 Contracts Payable -- — 96,891 Due to Other Funds — — 136,662 Total Liabilities 1,781 -- 929,129 Fund Equity: Fund Balances: Reserved for Encumbrances — — — Unreserved 717,780 5,424 1,555,679 Total Fund Equity 717,780 5,424 1,555,679 Total Liabilities and Fund Equity S 719,561 $ 5,424 $ 2,484,808 104 Band One Cent Anticipation Infrastructure Capital Surtax Improvenlents Total S 5,024,461 $ 7.500,923 $ 15,628,476 — — 108,701 503,423 — 593.423 — 72,593 72,593 S 5,617,884 $ 7,573.518 $ 18,401,193 __gog:og�::: ogoo�:vo:aaz 00000�ov:a�� S 106.959 $ 111,853 $ 918,169 2,160 — 99,051 — 20,681 157,343 109,119 132,534 1.172,563 9,150 — 9,150 5,499,615 7,440,982 15,219,480 5,508,765 7,440.982 15,228,630 S 5,617,884 $ 7,673,516 $ 16,401,193 105 MOwROECOuNTY,FLORIDA COMBINING STATEMENT oF REVENUES,EXPENDITURES AND CHANGES|NFUND BALANCES ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1990 Key West Revenue Bond Comprehensive Animal Cap/mu Improvements Shelter Improvements Revenues: Taxes $ -- * -- $ -- Intergovernmental Revenues 128.750 -- -- Interest Income 53.*87 518 soo.*ru Miscellaneous Revenues 15.e05 -- -- Total Revenues 197.8*2 518 soe.*ru Expenditures: Capital Outlay: General Government 27,940 -- 3.404'132 Public Safety 31.012 -- 1.362'e22 Human Services — — — Culture and Recreation 145.404 -- 783.357 Total Expenditures 204.356 -- 5.550.111 -------------- Excess of Revenues Over/ (Under)Expenditures (e.514) 518 (5.040.641) ________ omo,nnunvmn#^umoo(u^wN: Proceeds from Bonds -- -- -- Total Other Financing Sources/(Uses) — — — ------- ------- ------' Excess o,Revenues and Other ovu.x000"ox(unuor) Expenditures a Other Uses (6.514) ma (5'040'641) Fund Balance,October 1. 1eae 7.320.e14 4.906 -- Equity Transfer m(From)Other Capital Project Funds (6,596,320) — 6,596.320 -----___ punuau/unvo.aopmmuo,uo.1000 * 717.780 $ 5.424 $ 1.555.67e 106 Bond One Cent Anticipation Infrastructure Capital Surtax Improvements Total 6,527,762 $ $ 6.527,762 — -- 128,750 91,382 251,173 906,030 — — 15,605 6.619,144 251.173 7,678,147 413,193 76,918 3,922,183 401.441 6.233,273 7,028,348 21.597 — 21,597 274,148 1,202,909 1.110,379 5,310,191 12,175,037 5,508,765 (5,059,018) (4,596,890) — 12,500,000 12,500.000 12,500,000 12,500.000 5,508,765 7,440,982 7.903,110 -- 7,325,520 5,508.765 $ 7.440.982 $ 15.228,630 107 ONROE 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 30,1990 Capital Projects, Comprehensive Improvements Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ - $ - $ - Intergovernmental Revenues 128,700 128,750 50 Interest Income 323,164 53,487 (269,677) Miscellaneous Revenues 14,249 15,605 1,356 Total Revenues 466.113 197,842 (268,271) Expenditures: Capital Outlay: General Government: Marathon Courthouse Parking Lot 13,000 10,990 2,010 Clerk's Space&Courtroom 11,700 - 11,700 1988 Bond Issue Projects - -- - 1990 Bond Anticipation Note Projects Plantation Key-State Attorney&Clerk's Office 16,950 16,950 Public Safety: Renovations Stock Island Facility 32,000 31,012 988 1988 Bond Issue Projects --_. 1990 Bond Anticipation Note Projects - Transportation: 1988 Bond Issue Projects - -- -- Human Services: 1988 Bond Issue Projects - - - Culture and Recreation: Higgs Beach 8,800 6,255 2,545 Harry Harris Park 2,000 1,353 647 Key Largo Library 14,249 3,544 10,705 Big Pine Key Animal Shelter 129,439 123,452 5,987 Big Pine Key Recreation Center 180,000 10,800 169,200 1988 Bond Issue Projects - - - Total Expenditures 408,138 204,356 203.782 Excess of Revenues Over/(Under Expenditures 57,975 (6,514) (64,489) -------------- Other Financing Sources(Uses): Reserve for Contingencies (170,821) - 170,821 Proceeds from Bonds - - - Total Other Financing Sources/(Uses) (170,821) - 170,821 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (112,846) (6,514) 106,332 Fund Balance,October 1,1989 7.320,614 7.320,614 -- Equity Transfer To(From)Other Capital Project Funds (6,596,320) (6,596,320) - Fund Balance,September 30,1990 $ 611,448 $ 717,780 $ 106,332 108 Capital Projects, Capital Proods, Revenue Bond Capital Improvements One Cent Infrastructure Surtax Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ $ 4,800,000 $ 6,527,762 $ 1,727,762 421,441 509,470 88,029 91,382 91,382 421,441 509,470 88,029 4.800,000 6,619,144 1,819.144 4,320,916 3,404,132 916,784 1.657,473 413.193 1,244,280 1,858,474 1,362,622 495,852 1,279,800 401,441 878,359 250,000 250,000 48,462 21,597 24,865 783,357 783,357 530,033 274,148 255,885 6,962.747 5.550.111 1,412,636 3,763,7 1.110,379 2,653.389 (6,541,306) (5,040,641) 1,500,665 1,036,232 5,508.765 4,472.533 (55,014) 55,014 (796,232) 796.232 (55,014) 55,014 (796,232) 796,232 (6,596,320) (5,040,641) 1.555,679 240.000 5,508,765 5,268.765 6,596,320 6,596,320 — $ 1,555.679 $ 1.555,679 $ 240.000 $ 5,508,765 $ 5,268,765 (Continued) 109 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 SEPT13ABER 30,1990 Capital Projects. Sond Anticipation Caphal Imp Is Variance Favorable Budget Actual (Unfavorable) Revenues* Taxes $ $ Intev governmental Revenues — Interest Income 251,173 251,173 Miscellaneous Revenues — Total Revenues 261,173 251,173 Expenditures: CaplW Ouday: General Gmmrnment, Marathon Courthouse Parking Lot — Clerk's Space&Courtroom — IOU Bond Issue Projects — 1990 Bond Anticipation Note Projects 76,940 7e,918 22 Plantation Key—State Attorney&Clerk's Office — Public Safety: Renovations Stock Island Facility 1988 Bond Issue Projects — 1990 Bond Anticipation Note Projects 6,433,000 6,233,273 1j99,727 Transpatatiow 1988 Bond Issue Projects — — Human Services: 1988 Bond Issue Projects Culture and Recreadow Higgs Beach Nervy Harris Park IKey Largo Library Big Pine Key Animal Shelter Big Pine Key Recreation Center 1988 Bond Issue Projects ...... Total Expenditures 6,509,940 6,310,191 1,199,749 Excess of Revenues Oved(Under Expenditures (6,W9,940) (6,069,018) 1,450,922 Other Financing Sources(Uses): Reserve for Contingencies (5,9w,060) 5,990,060 Proceeds from Bonds 12,500,000 12,500,000 — Total Other Financing Sources/(Usen) 6,509,940 12,500,000 5,990,060 Excess of Revenues and Other Sources Overl(Undor) Expenditures and Other Uses 7,440,982 7,440,982 Fund Balance,October I„1989 — --- Equity Transfer To(From)Other Capital Project Funds Fund Balance,Septombw 30,1990 $ 7,440,982 $ 7,440,982 ......... ......... 110 Total Variance Favorable Budget Actual (Unfavorable) 4,800,000s 6,527,762 $ 1,727,762 128,700 128,750 50 744.805 905,512 180.907 14,249 15,505 1,366 5,667,554 7,577,629 1,890,075 13,000 10,990 2,010 11,700 - 11,700 5,978,389 3.817,325 2,161.064 76,940 76,918 22 16.950 16,950 - 32,000 31,012 988 3,138,274 1,764.063 1.374,211 6,433,000 5,233,273 1.199,727 250,000 - 250,000 46.462 21,597 24,865 8,800 6,255 2,545 2.000 1,353 647 14,249 3,544 10,705 129,439 123,452 5,987 180,000 10,800 189,200 1,313,390 1,057.505 255,885 17,6",593 12,175,037 5,469,5W (11,957,039) (4,597,408) 7,359.631 (7,012,127) - 7,012,127 12,500,000 12,500,000 - 5,487,873 12,500,000 7,012,127 (6,09,166) 7,902,592 14.371,758 7,320,614 7,320,614 - 851.448 $ 15,223,206 $ 14.371,758 ........... (BLANK PAGE) 112 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 Sound Toll Bridge. MONROE COUNTY,FLORIDA COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS SEPTEMBER 30,1990 Municipal Service Card District Sound Waste Bridge Total ASSETS Current Assets: Cash and Investments S 2,872,942 $ 2,072,008 S 4,944.950 Cash with Fiscal Agent — 13,427 13,427 Accounts Receivable: Delinquent Waste Collection Fees 1,903,376 — 1,903.376 Allowance for Uncollectible Waste Collection Fees (1,009,069) — (1,009,069) Other 87,144 — 87,144 Allowance for Other Uncollectible (59.155) — (59,155) Due from Other Governmental Units 141,317 — 141,317 Total Current Assets 3,936,555 2,085,435 6,021,990 Restricted Assets: Cash 5,792,512 — 5,792.512 Investments at Cost or Amortized Cost 2,151,232 — 2,151.232 Total Restricted Assets 7,943.744 — 7,943,744 Property,Plant and Equipment (Net of Accumulated Depreciation) 8.116,919 1.443.149 9,560,068 Other Assets: Deferred Charges(Net) 320,718 -- 320,718 Total Assets $ 20.317,936 $ 3,528,584 $ 23,846,520 113 Municipal Svc Cam District Sound Waste onmme rme LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable 373,377 5.329 $ 378,706 Accrued Wages Benefits Payable 145.918 14.852 160.770 Claims and Judgements Payable 286,083 -- 286,083 Due w Other Funds 379.769 7.888 387.657 Due w Other Governmental Units 54 -- 54 Matured Bonds Payable -- 10'000 10'000 Matured Interest Payable -- oma oma Matured Premium Payable -- 3.121 3.121 Deposits inEscrow 44.308 -- 44.308 Total Current Liabilities ' 1.229.509 41.496 1.271'005 Current Liabilities Payable from Restricted Assets: Contracts Payable 199.092 — 199.092 Accrued Interest Payable 278'755 -- 278'755 Special Obligation Notes Payable 197'988 -- 197.988 Revenue Bonds Payable 335.000 -- 335.000 Landfill Closure Costs 3.995.620 -- 3.99e.620 Total Current Liabilities Payable from - Restricted Assets 5.006.455 -- a.00m.«aa Long-Term Liabilities: Accrued Compensated mnwonxoo 154.953 10.064 1*5.017 Special Obligation wmoo pavomo 651'220 -- 651.220 Revenue Bonds Payable 8.29*.363 -- 8.294.363 Due tv Other Governmental Units 2'212'500 -- 2.212.500 Total Long-Term Liabilities 11.313.036 10.06* 11.323.100 Total Liabilities 17.549.000 51.560 17.600.560 Fund Equity: Contributed Capital 2,805,649 2.761 2,808,410 Retained Earnings: Reserved for Revenue ounupwommont 3.868.256 -- 3'868.256 unmoomou (o.mo«.meo) 3'474.263 (430.706) ---------__ Total Retained Earnings(0000iV (36.713) 3.474.263 o'«or.amm Total Fund Equity 2.768.936 3.477.024 6'245.960 Total Liabilities and Fund Equity $ 20'317'936 3.528.584 ¢ 23.846.520 114 MOmROE COUNTY,FLORIDA COMBINING STATEMENT opREVENUES,EXPENSES AND CHANGES IN RETAINED EARNINGS ALL ENTERPRISEFUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1990 Municipal Svc Card District Sound Waste Bridge Total Operating Revenues: Tm/m $ -- $ mmx'un $ 923.271 Charges for Services 9.018.081 -- 9.018.081 Franchise Fees 989.348 -- umu'owa Miscellaneous Revenues 25.287 475 25.762 Total Operating Revenues 10.032.716 923'746 10.956.4e2 Operating Expenses: Personal Services 3'063.894 289.068 3.352.962 Professional Services 3.654'944 30.718 3.e85.662 Landfill Closure Costs 727.000 -- 727.000 Utility Services 142,026 5.012 147.038 mmumnuo 203.729 45.154 e48.883 Repairs and Maintenance 382.381 2e8.612 650,993 Operating Supplies 291.676 4.638 296.314 Other Operating Expenses 306,896 16.270 323.1ee oonmo/onon 1.012.31e 60'849 1.073.1*5 Total Operating Expenses 9.784.8e2 720'321 10.505.183 Operating Income(Loss) 247.854 203.425 451.279 Non-Operating Revenues<sxnonoaW: Taxes 1.115 -- 1.115 Operating Grants 321.560 -- 321.560 Interest Income 940.191 138.987 1.079.178 Interest Expenses and Fiscal Charges (840.828) -- (840.828) ------______ nuo/m^n-onorannona,onvom<sxnonmwo> 4e2,038 138.987 5e1.025 __---- __ mc"ma(u`oNBammono,uwoTmnofem 669.892 342.412 1.012.304 Operating Transfers: Transfers from Other Funds 1.547.355 -- 1.547.355 Transfers to Other Funds (1.8e7.242) (2.e18) (1.869.860) ------------ Total Operating Transfers (319.887) (2.e18) (322,5051 Net Income(uuns) 350,005 339.794 e89.799 Retained Earnings-October 1.1aaa 5.e87,551 3.137.230 8.8e4.781 Prior Period Adjustment (3.oam'oou) -- (o.uaa.00u) Retained Earnings-September oo.1mm $ 2.768.936 3.477'024 $ 6.245.9e0 115 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19N Municipal Service Card District Sound Waste Bridge Total Sources of Working Capital: Operations: Net Income $ 350,005 $ 339,794 $ 689,799 Items Not Requiring(Providing)Working Capital: Lose on Disposal of Assets — 96,520 96,520 Depreciation 1,012,316 60,849 1,073,166 Amortization of Deferred Charges 26,095 26,095 Amortization of Capital Appreciation on 1985 Refunding Improvement Bonds 182,016 182,016 Increase in Accrued Compensated Absences 66.190 3,848 59,038 Working Capital Provided by Operations 1,625,622 501.011 2,126,6M Proceeds from amount due Comprehensive Plan Land Authority 2,212,500 2,212,500 Proceeds from Special Obligation Note 987.000 987,000 Net Increase in Current Liabilities Payable from Restricted Assets 4,340.094 4,340.094 Total Sources of Working Capital 9,165,216 501,011 9.666,227 Uses of Working Capital: Additions to Property,Plant and Equipment (2,431,185) (49,683) (2.480,868) Net Increase in Restricted Assets (4.305,531) (4,305,531) Retirement of Capital Leases (71,480) (71,480) Retirement of Special Obligation Note and Portions Becoming Current (335,780) (335,780) Retirement of Revenue Bonds and Portions Becoming Current (335,000) (335,000) Prior Period Adjustment (3,268,620) (3,268,620) Total Uses of Working Capital (10,747.596) (49,683) (10,797,279) Not Increase/(Decrease)in Working Capital $ (1,582,380)$ 451,328 $ (1,131,052) Components of Not Increase(Decrease) in Working Capital: Cash&Investments $ (1,713,872) $ 361,007 $ (1,352,865) Accounts Receivable 198,150 198,150 Due from Other Funds (7,382) (7,382) Due from Other Governmental Units (186,489) (186,489) Accounts Payable 78,040 104,888 182,928 Accrued Wages Benefits Payable (2,303) (2,668) (4,971) Claims&Judgments Payable 94,404 94,404 Contracts Payable 29,950 29,950 Due to Other Funds (215,517) (4,517) (220,034) Due to Other Governmental Units (54) (54) Capital Leas6s Payable 99,293 99.293 Other Current Liabilities 36,018 36,018 Net Increase/(Decrease)in Working Capital $ (1,582,380)$ 451,328 $ (1.131,052) 116 MONROE COUNTY,FLORIDA SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL MUNICIPAL SERVICES DISTRICT-WASTE FOR THE YEAR ENDED SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 1,199,410 $ 1,124,475 $ 74,935 Hazardous Waste 166,427 119,764 36,063 Franchise Operators 2,856,259 2,833,573 22,686 Landfill Closure Costs - 727,000 (727,000) Plant Operations 262.316 266,814 6,502 Cudjoe Key Volume Reduction Plant 678,282 648,416 29,866 MSD-Cudjoe Key Landfill 195,348 168,958 26,390 Long Key Volume Reduction Plant 7e0,033 ,080 e0,953 MSD-Long Key Landfill 318,794 266,160 52,634 Key Largo Volume Reduction Plant 754,423 753,445 978 MSD-Key Largo Landfill 188.771 153,410 35,361 Pollution Control 691,050 642,200 48,850 Used Oil Recycling 331,562 189,391 142,171 State Dept Environmental Reg Recycling Grant-Year 1. 27,427 27,427 - DER Hazardous Waste Collection Grant 23,187 23,187 - Waste Tire Solid Waste 24,597 23,842 755 State Dept Environmental Reg Recycling Grant-Year 2 89,261 47,074 42,187 Capital Equipment Financing Note 1989 89,390 69,352 20,038 Total Operating Expenditures 8,646,537 8,772,568 (126,031) Non-Operating Expenditures: Debt Service: Principal Retirement 623,567 623,567 - Interest Expenses and Fiscal Charges 653.617 840,806 (187.189) Total Non-Operating Expenditures 1,277,184 1,464,373 (187,189) Capital Outlay: Buildings 08,841 98,841 - Equipment 1,379,505 709,260 670,245 Plant Equipment Renewal and Replacement 103,572 100,938 2,634 Cudjoe Key Landfill Expansion 1,738,577 1,515,876 222.701 Improvements Other Than Buildings 6,269 6,269 Total Capital Outlay 3,326,764 2,431,184 895,580 Total Non-Operating Expenditures: 4.603,948 3,895,557 708,391 Operating Transfers and Reserves: Transfers to Other Funds 2.064,517 1,867.242 197,275 Reserve for Contingencies 2,206,599 - 2,206,599 Total Operating Transfers and Reserves 4,271,116 1,867,242 2,403,874 Total Expenditures $ 17,521,e01 S 14,535,367 $ 2,986,234 117 MONROE COUNTY,FLORIDA SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL CARD SOUND BRIDGE FOR THEY ENDED SEPT EMBER 30.1900 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Card Sound Road&Toll Bridge $ 1.181.632 $ 659,472 $ 502,060 Total Operating Expenditures 1,161,532 659,472 502,060 Non-Operating Expenditures: Capital Outlay: Improvements Other Than Buildings 159,359 — 159,359 Equipment 50,840 48,188 2,652 Total Non-Operating Expenditures 210,199 48,189 162,011 Operating Transfers and Reserves: Transfers to Other Funds 2.618 2,618 Reserve for Contingencies 1.937,699 1,937,W9 Total Operating Transfers and Reserves 1,940.317 2,618 1,937,699 Total Expenditures $ 3,312,048 $ 710,278 $ 2,601.770 118 MONROE COUNTY,FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS-SERIES 1995 DESCRIPTION SEPT EMBER 30,1990 Refunding Improvement Bonds Totals Series 1995 Current Capital Interest Appreciation Bonds Bonds Original authorization S 10,000,000 S 8,498,226 S 1,501,774 Unissued 788,226 788,226 — Issued 9,211,774 7,710,000 1.501,774 Capital appreciation through Sept 30,1990 742,589 — 742,589 Retirements through September 30,1990 1,325.000 1,325.000 — Balance outstanding September 30.1990 $ 8,629,363 S 6,385,000 S 2,244,363 Date of issue December 30,1985 December 30,1985 Maturity range 1986-2011 1986-2011 Principal payment date October 1 October 1 Interest payment dates _ April-October April-October Denominations 5,000 5,000 Interest rates 5.25%Maturities-1986 8.00%Maturities-1993 5.75%Maturities-1987 8.20%Maturities-1994 6.25%Maturities-1988 8.40%Maturities-1995 6.75%Maturities-1989 8.60%Maturities-1996 7.00%Maturities-1990 8.80%Maturities-1997 7.20%Maturities-1991 8.90%Maturities-1998 7.40%Maturities-1992 9.00%Maturities-1999 9.00%Maturities-2005 9.10%Maturities-2000 9.10%Maturities-2011 9.20%Maturities-2001 Average interest cost rate 8.31% N/A N/A Call feature 1993-1994 102 1995-1996 105 1994-1995 101.5 1 1997 104 1995-1996 101 1997-1998 103 1996-1997 100.5 1998-1999 102 1997-Maturity 100 1999-2000 101 2000-Maturity 100 Paying agent Barnett Banks Trust Co., Barnett Banks Trust Co., N.A. N.A. Jacksonville,Florida Jacksonville,Florida 119 MONROE COUNTY,FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS-SERIES 1995 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30,1990 $9,211,774 Refunding Improvement Bonds-Series 1995 Fiscal original Capital Total Year Principal Appreciation Interest Debt Service 1986 - $ $ 212.681 $ 212,681 1987 430,000 - 626,755 1,056,755 1988 280,000 - 607,418 887,418 1989 300,000 - 589,993 889,993 19N 315,000 - 569,986 884,986 1991 335,000 - 547.630 882,630 1992 355,000 - 523,125 878,125 1993 385,000 - 496,100 881,100 1994 225,909 189,091 481,855 896,855 1995 205,379 209,621 481,855 896,855 1996 186,003 228,997 481.855 896,855 1997 167,814 247.186 481,855 896,855 1998 150,828 264.172 481,855 896,855 1999 136,701 278.299 481,855 896,855 2000 125,152 294,848 481,855 901,855 2001 111.652 303,348 481.855 896,855 2002 101,833 318.167 481.855 901,855 2003 90,503 324,497 481,855 896,855 2004 415,000 - 463.180 878,180 2005 450,000 - 424,255 874,255 2006 490,000 - 381.955 871,955 2007 530,000 - 335,790 865,790 2008 575,000 - 285,513 860,513 2009 625,000 - 230,913 855,913 2010 680,000 171,635 851,535 2011 740,000 106,925 846,925 2012 805.000 36,628 841.628 $ 9,211,774 $ 2,658,226 $ 11.428,932 $ 23,298,932 120 (BLANK PAGE) 121 INTERNAL SERVICE FUNDS WORKMEN'S COMPENSATION To account for departmental and agency revenues used for the purpose of financing Monroe County's Workmen'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 BALANCE SHEET ALL INTERNAL SERVICE FUNDS SEPTEMBER 30,1990 Workmen's Group Risk Compensation Insurance Management Fund Fund Fund Total ASSETS Current Assets: Cash and Investments $ 672,543 $ 647,602 $ 954.225 2,274,370 Accounts Receivable 227 367,201 - 367.428 Due from Other Funds 307,619 246.458 739 554,816 Due from Other Governmental Units 1,797 12.112 13,909 Total Current Assets 982,186 1,273,373 954,964 3,210,523 Property,Plant and Equipment (Not,Where Applicable, of Accumulated Depreciation) 13.865 2,898 17,823 34,586 Total Assets $ 996,051 $ 1,276,271 $ 972,787 $ 3,245,109 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 39,098 $ 57,051 $ 12,331 $ 108,480 Accrued Wages Benefits Payable 5,568 5,162 6,663 17,393 Claims and Judgements Payable 545,866 964.198 596,500 2,106,564 Due to Other Funds 3,585 460 2,606 6,651 Other Current Liabilities - 417 - 417 Total Current Liabilities 594,117 1,027,288 618,100 2,239,505 ---------- Long-Term Liabilities: Accrued Compensated Absences 5.707 6,607 4,455 15,769 Total Liabilities 599,824 1,032,895 622,555 2,255.274 Fund Equity: Retained Earnings: Unreserved 396.227 243,376 350,232 989,835 Total Fund Equity 396,227 243,376 350,232 989.835 Total Liabilities and Fund Equity 996,051 $ 1,276,271 $ 972,787 $ 3,245,109 122 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENSES AND CHANGES IN RETAINED EARNINGS ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1990 Workmen's Group Risk Compensadon Insurance Management Fund Fund Fund Total Operating Revenues: Charges for Services $ 1.292,592 $ 4,199,449 $ 1,053,524 $ 6,645,566 Miscellaneous Revenues 232 3,5W 3,371 7,159 Total Operating Revenues 1,292,824 4.203,005 1,056,895 6,552,724 Operating Expenses: Personal Services 118,552 92,393 135,404 346,349 Professional Services 150.638 149,278 14,865 314,681 Insurance 161,83a 548,629 592,729 1,303.194 Repairs and Maintenance 1,818 74 1,428 3,320 Operating Supplies 10,007 182 7,832 18,021 Other Operating Expenses 20.839 5,277 11,825 37,941 Depreciation 3,395 649 2,640 6,684 Asserted and Paid Claims 549,405 3,580,142 341.709 4,471,256 Total Operating Expenses 1,016,390 4.376,624 1,108,432 6,501,446 ------------ ------------ Operating Income(Loss) 276.434 (173,619) (51,537) 51,278 Non-Operating Revenues(Expenses): Interest Income 30,197 41,255 85,898 157,350 Total Non-Operating Revenues(Expenses) 30,197 41.255 85.898 157,350 Net Income(Loss) 306,631 (132,364) 34.361 208,628 Retained Earnings-October 1,1989 89,596 375.740 315,871 781,207 Retained Earnings-September 30, 1990 $ 396.227 $ 243,376 $ 350.232 $ 989,835 123 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19W Workmen's Group Risk Compensation Insurance Management Fund Fund Fund Total Sources of Working Capital: Operations: Not Income(Loss) $ 306,631 $ (132,364)$ 34,361 $ 208,628 Items Not Requiring(Providing) Working Capital: Depreciation and Depletion 3,395 649 2.640 6,684 Increase(Decrease)in Accrued Compensated Absences 1,344 2.&30 1,903 5,877 - ------- --------- -------- Working Capital Provided(Used) by Operations 311,370 (129.085) 38,904 221j89 Uses of Working Capital: Additions to Property,Plant and Equipment (2,963) (1.637) (11,023) (15,623) Total Uses of Working Capital (2,963) (1,837) (11,023) (15,623) Not Increase/(Decrease) in Working Capital $ 308,407 $ (130.722)$ 27,881 $ 205,566 Components of Not Increase(Decrease) in Working Capital: Cash&Investments $ 168.441 $ 44,490 $ 353,118 $ 566,049 Accounts Receivable 227 135,893 739 136.859 Due from Other Funds 144,419 41,811 (5,274) 180,956 Due from Other Governmental Units 1,797 766 — 2,563 Accounts Payable (9,940) 616 (3,784) (13,108) Accrued Wages and Benefits Payable 412 (909) (2,797) (3,294) Claims and Judgments Payable (366.147) (312.500) (678,647) Due to Other Funds 3,016 9,432 (1,621) 10.827 Due to Other Governmental Units 35 35 Other Current Liabilities 3,326 3,326 Net Increase/(Decrease)in Working Capital $ 308,407 $ (130,722)$ 27,881 $ 205,566 124 MONROE COUNTY,FLORIDA SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL WOR ENS COMPENSATION FUND FOR THE YEAR ENDED SEPTEMBER 30,1900 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administrative Expenses $ 98.303 S 95,557 S 2,746 Operations and Claims 894,600 861,334 33,266 Safety&Loss Control 22,391 18,100 4,291 Training&Development 47,416 38,004 9,412 Total Operating Expenditures 1.062,710 1,012.995 49,715 Non-Operating Expenditures: Capital Outlay: Equipment 3,618 2.983855 Total Non-Operating Expenditures 3,618 2,983 555 Operating Reserves: Reserve for Contingencies 524,523 — 524.523 Total Operating Reserves 524.523 — 524,523 Total Expenditures $ 1,590,851 $ 1.015,958 $ 574,893 125 MONROE COUNTY,FLORIDA SCHEDULE op EXPENDITURES-BUDGET AND ACTUAL . GROUP INSURANCE Fuwo FOR THE YEAR ENDED aEprEMBEno0./990 vawmwcw Favorable Budget Actual <uvoavmmmw Operating Expenditures: xdmm/mmmon 101.518 S 101.507 11 Group Insurance Claims 4,274,474 4,274.469 s Total Operating Expenditures 4.375.992 4.375.97e 16 Non-Operating Expenditures: Capital Outlay: Equipment 2.199 1.637 562 Total Non-Operating Expenditures 2.199 1.e37 562 Operating Reserves: Reserve for Contingencies 79'014 -- 79.014 Total Operating Reserves 79.01* -- 79.01* Total Expenditures $ 4.*57.205 * *.377.613 o 79.592 126 MONROE COUNTY,FLORIDA SCHEDULE OF EXPENDITURES—BUDGET AND ACTUAL RISK MANAGEMENT FUND FOR THEY R ENDED SEPTE)ABER 30,1990 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration S ,799 95,790 S 3,009 Risk Management Claims 1,056,425 932,529 123,896 Safety and Lose Control Operating Expense 60,322 63,247 7,075 Training&Development 28,306 24,225 4,081 Total Operating Expeditures 1,243,852 1,105,791 138,0e1 Non—Operating Expenditures: Capital Outlay: Equipment 12,250 11,023 1,227 Total Non—Operating Expenditures 12.250 11,023 1,227 Operating Reserves: Reserve for Contingencies 302,110 — 302,110 Total Operating Reserves 302.110 302.110 Total Expenditures $ 1,558.212 $ 1,116,814 $ 441,398 127 (BLANK PAGE) 128 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 GENERAL AGENCY 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. PROPERTY TAX To account for the collection and distribution of ad valorem and tangible personal property taxes. MONROE COUNTY.FLORIDA COMBINING BALANCE SHEET ALL FIDUCIARY FUNDS SE R 30,19W EXPENDABLE TRUST FUNDS Law Drug Shared County Inmate Enforcement Abuse & to Health Welfare Trust Trust Care Program ASSETS Cash and Investments $ 2,314 $ 22,737 $ 4,156 $ 46,123 Accounts Receivable — — Due from Other Governmental Units — 679 26,300 Total Assets $ 2,314 $ 22,737 $ 4,835 $ 72,423 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable 14,393 $ 40,462 Due to Other Funds 26,300 Due to Others — Due to Other Governmental Units Total Liabilities 14,393 66,762 Fund Balances: Reserved for Trust Fund Purposes 2,314 8,344 4.835 5,661 Total Fund Equity 2,314 8,344 4,835 5,661 Total Liabilities and Fund Balances S 2,314 $ 22,737 $ 4,835 $ 72,423 129 AGE NCYFUNDS Deferred Clark Sheriff Compensation General General Tag and Property Plans Agency Agency License Tax Total $ 380,248 $ 1,566,018 $ 726,207 $ 147,600 $ 2,032,752 $ 4,928.155 — 14,024 — 2,195 369 16,588 — 452 — — — 27,431 $ 380.248 $ 1,580,494 $ 726.207 $ 149,795 $ 2.033.121 $ 4,972,174 $ 54,855 26,300 380,248 958.682 721,283 7,148 28,933 2.096,294 — 621,812 4,924 142.647 2,004,188 2,773,571 380.248 1,580,494 726,207 149,795 2,033.121 4,951.020 21.154 21,154 380,248 $ 1,580,494 $ 726,207 $ 149,795 $ 2,033,121 $ 4,972,174 130 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPT EMBER 30,ION Law Drug Shared County Inmate Enforcement Abuse &State Health Welfare Trust Trust Care Program Total Revenues: Intergovernmental Revenues $ $ — $ — $ 26,300 $ 26,300 Fines&Forfeitures 109,010 4,831 — 113,841 Interest Income 11 4 23 38 Miscellaneous Revenues 26,818 — — 28,818 Total Revenues 26,818 109,021 4,835 26.323 166,997 Expenditures: Current: Public Safety 34,215 190,638 — 224,853 Human Services — — 40,462 40.462 Total Expenditures 34,215 190.&38 40,462 265,315 Excess of Revenues Over/ (Under)Expenditures (7,397) (81,617) 4,835 (14,139) (98.318) Other Financing Sources(Uses): Transfers from Other Funds — 19,800 19.800 ----------- ------—--- -—----- Excess of Revenues Over/ (Under)Expenditures and Other Uses (7,397) (81,617) 4,835 5,661 (78,518) Fund Balance,October 1,1989 9,711 — — 9,711 Equity Transfer From Special Revenue Fund -- 89,961 89.961 Fund Balance,September 30, 1990 $ 2,314 $ 8,344 $ 4,835 $ 5,661 $ 21,154 131 (BLANK PAGE) 132 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR FISCAL YEAR ENDED SEPTEMBER 30,1990 Balance Balance October 1, September 30, 111119 Additioms Deductions 1990 DEFERRED COMPENSATION PLAN: ASSETS Cash and Investments $ 296,092 $ 127,874 $ 43,718 $ 380,248 LIABILITIES Due to Others $ 290,092 $ 127,874 $ 43,718 $ 380,248 CLERK GENERAL AGENCY: ASSETS Cash and Investments $ 1,743,245 $ 14,067,516 $ 14.244,743 $ 1,566,018 Accounts Receivable 11,082 62,472 59,530 14,024 Due from Other Governmental Units 41,364 452 41,364 452 ----------— Total Assets $ 1,795.691 $ 14,130.440 $ 14,345,637 $ 1,580,494 LIABILITIES Due to Others $ 1,198,570 $ 4,117.319 $ 4,357,207 $ 958,682 Due to Other Governmental Units 597,121 10,013,121 9.988,430 621.812 Total Liabilities $ 1,795,691 $ 14,130,440 $ 14,345,637 $ 1.580,494 SHERIFF GENERAL AGENCY: ASSETS Cash and Investments $ 550,141 $ 1,684,748 $ 1.508,682 $ 726,207 Due from Other Governmental Units 68 -- 68 — ------------- Total Assets $ 550,209 $ 1.684,748 $ 1.508,750 $ 726,207 LIABILITIES Due to Others $ 531,431 $ 1,610,811 $ 1,420,959 $ 721,283 Due to Other Governmental Units 18,778 73,937 87,791 4,924 --------- --------- -------- ------------- Total Liabilities $ 550.209 $ 1,684,748 $ 1,508,750 $ 726.207 (Continued) 133 MONROE COUNTY,FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS—CONTINUED FOR FISCAL YEAR ENDED SEPTEMBER 30,1900 Balance Balance October 1, September 30, 1989 Additions Deductions 1990 TAG AND LICENSES: ASSETS Cash and Investments 182,652 $ 4,210,385 $ 4,245,437 $ 147,600 Accounts Receivable 1,002 1,193 — 2,195 Total Assets $ 193,W $ 4,211,578 S 4,245.437 $ 149,795 ........... ........... ........... ....... LIABILITIES Due to Others 4,231 $ 3,255 $ 338 $ 7,148 Due to Other Governmental Units 179,423 4.208,323 4,245,099 142,647 Total Liabilities $ 183,&rA 3 4,211,578 $ 4,245,437 $ 149,795 PROPERTY TAX: ASSETS Cash and Investments $ 1.674,869 $ 92.332.133 $ 91,974,250 $ 2.032,752 Accounts Receivable 1,569 — 1,200 369 Total Assets $ 1,676.438 $ 92,332.133 $ 91,975,450 $ 2.033,121 LIABILITIES Due to Others $ 3,458 $ 3,938,682 $ 3,913,207 $ 28,933 Due to Other Governmental Units 1,672,980 88.393,451 88,062.243 2,004,188 Total Liabilities $ 1,676,438 $ 92,332,133 $ 91,975,450 $ 2.033,121 TOTAL ALL AGENCY FUNDS: ASSETS Cash and Investments $ 4,446,999 $ 112,422,656 $ 112,016,830 $ 4.852,825 Accounts Receivable 13,653 63,665 60.730 16,588 Due from Other Governmental Units 41,432 452 41,432 452 ------——--- TOTAL ASSETS $ 4.502,084 $ 112.486.773 $ 112,118.992 $ 4,869,865 LIABILITIES Due to Others $ 2,033,782 $ 9,797.941 $ 9,735,429 $ 2.096,294 Due to Other Governmental Units 2,468,302 102,688,832 102,383,563 2,773,571 Total Liabilities $ 4,502,084 $ 112,486,773 $ 112,118,992 $ 4,869,865 134 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL LAW ENFORCEMENT TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPT EMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ 198,971 $ .109.010 $ (89,961) Interest Income — Total Revenues 198,971 109,021 (89,950) Expenditures: Current: Public Safety 198,971 190'em 8,333 Total Expenditures 198,971 190'em 8,333 Excess of Revenues Over/ (Under)Expenditures (81,617) (81,617) Fund Balance,October 1,1989 Equity Transfer From Special Revenue Fund 89,961 89,961 --------- ------------- -------------- Fund Balance,September 30,1990 $ $ 8,344 $ 8,344 135 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL DRUG ABUSE TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1990 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures 4,040 4,831 791 Interest Income 4 4 Total Revenues 4.040 4,835 795 Excess of Revenues 4,040 4.835 795 Other Financing Sources(Uses): Reserve for Contingencies (4,040) 4,040 Excess of Revenues and Other Sources Over/(Under)Other Uses 4,835 4,835 Fund Balance,October 1,1989 Fund Balance,September 30,1990 4,835 $ 4,835 136 MONROE COUNTY,FLORIDA STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL SHARED COUNTY AND STATE HEALTH CARE PROGRAM EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19M Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental Revenues $ 26,300 $ 26,300 Interest Income 23 23 Total Revenues 26.323 26,323 Expenditures: Current: Human Services 46,100 40,462 5,638 Total Expenditures 46,100 40,462 5,638 Excess of Revenues Over/ (Under)Expenditures (46,100) (14,139) 31,961 Other Financing Sources(Uses): Transfers From Other Funds 46.100 19,800 (26,300) Excess of Revenues Over/(Under)Expenditures and Other Uses 5,661 5,661 Fund Balance,October 1,1989 ------------ ---------- ------------ Fund Balance,September 30, 1990 $ $ 5.661 $ 5,661 137 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. (BLANK PAGE) 138 MONROE COUNTY,FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE SEPTEMBER 30,1990 Total GENERAL FIXED ASSETS: Land $ 12,378,117 Buildings 22,044.199 Equipment: Board Of County Commissioners 16,999,210 Sheriff 6,046,994 Total Equipment 22.946.204 Construction In Progress 5,157,845 Total General Fixed Assets $ 62.526.365 INVESTMENTS IN FIXED ASSETS: General Fund Revenues: County Funding $ 26,047,734 1988 Improvement Revenue Bonds 62,098 Federal Grants and Shared Revenues 222.076 State Grants and Shared Revenues 63,983 Donations 233 General Obligation Bonds 2.469,017 Special Revenue Fund Revenues 8.647,202 Donations 2,517,392 Capital Project Fund: Special Revenue Bonds 1,210,451 1988 Improvement Revenue Bonds 668,291 Federal Grants and Shared Revenues 1,152,746 State Grants and Shared Revenues 110,023 County Funding 19,343,211 Donations 11,908 Total Investment in General Fixed Assets $ 62,526,365 139 MONROE COUNTY,FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY SEPTEMBER ,1 Construction I.And Buildings Equipment in Progress Total General Government: Legislative $ $ 76,708 $ 78,708 Executive 45,263 45,263 Financial and Administrative 439,179 2,318,668 2,270,097 5,027,944 Legal Counsel - - 75,329 75,329 Comprehensive Planning 28.580 501,549 530,129 Judicial - 60,675 1,018,400 1.079,075 Other General Government 4,401.780 4,831,402 2,062,937 11,296.119 Total General Government 4,840,959 7,239,325 6.050,283 18,130,567 Public Safety: Law Enforcement 295,982 1,232,002 6,088.249 7,616.213 Fire Control 340,135 178,511 4,647,985 5,166,631 Detention/Correction 4,858,904 4,530,310 - 9,389,214 Protective Inspections - 14,808 151,782 166,590 Emergency and Disaster Relief Services - 1.904 464,203 466,107 Ambulance and Rescue Services - 6,415 1,326,986 1,333.401 Medical Examiner - - 20,162 20,162 Other Public Safety - 9,750 9,750 Total Public Safety 5,495,001 5.963.950 12,709,117 24,168,068 ---------- ---------- Physical Environment: Conservation and Resource Management 70,538 17,230 87,768 Transportation: Road and Street Facilities 22,011 2,216.910 2,238,921 Airports 1.122,400 4,531,752 328,883 5,983,035 ---------- ---------- Total Transportation 1,122,400 4.553,763 2,545,793 8,221,956 Economic Environment: Employment Opportunity and Development 1,398 1,398 Veteran's Services 58,659 58,659 Other Economic Development 23,901 23.901 Total Economic Environment 83,958 83,958 ----------- Human Services: Hospitals - 34,511 170,920 205,431 Health 10.500 349,099 418,645 778,244 Welfare 8,500 391.408 432,413 832,321 Total Human Services 19,000 775,018 1,021,978 1.815,996 -------- ----------- (Continued) 140 MONROE COUNTY,FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY—CONTINUED SEPTEMBER 30,1990 Construction Land Buildings Equipment in Progress Total Culture and Recreation: Libraries 63,184 2,162,691 308,448 — 2,534,323 Parks and Recreation 829,273 1,278.914 203.483 — 2.311.670 Other Culture and Recreation 8,300 — 5,914 — 14,214 Total Culture and Recreation 900,757 3,441,605 517.845 — 4,860,207 Construction in Progress — — — 5,157,845 5,157,845 Total $ 12.378,117 $ 22,044,199 $ 22,946,204 $ 5,157,845 $ 62,526,365 :=:=s==== ===:a== 141 MONROE COUNTY,FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED SEPTEMBER 30,19W October 1, logo Additions Deductions General Government: Legislative $ 76,268 $ 2,434 $ 1,994 Executive 83,065 3.692 2,510 Financial and Administrative 4,509,179 569.273 64,138 Legal Counsel 73,491 2,186 348 Comprehensive Planning 413,503 82,288 396 Judicial 1,009,639 87,369 17,303 Other General Government 9.819,418 1,485,193 37,735 Total General Government 15,984,563 2,232.433 124,424 Public Safety: Law Enforcement 7,104,285 717,656 205.728 Fire Control 4,636,565 534,333 1,809 Detention/Correction 4,474,957 4,914,257 Protective Inspections 141,450 25,040 Emergency and Disaster Relief Services 445,025 32.478 11,396 Ambulance and Rescue Services 1,278,921 236,310 182,289 Medical Examiner 18,673 1,490 Other Public Safety 9,750 - Total Public Safety 18,109,626 6,461,564 401,222 -------------- Physical Environment: Conservation and Resource Management 87,768 1.396 1,396 -------------- ------------- ---------------- Transportation: Road and Street Facilities 1.958.742 412,772 53,076 Airports 5.766.998 218,856 7,067 -------------- --------------- Total Transportation: 7,725,740 631,628 60.143 Economic Environment: Employment Opportunity and Development 1,398 Veteran's Services 58,059 700 Other Economic Development 5,521 18,380 ------------ ---------------- Total Economic Environment 64,978 19,080 ---------------- -------------- -------- 142 Interdepartmental Transfers September 30, In out logo $ $ 76,708 38,984 45,263 13,829 199 5,027,9" 75.329 34,736 SW,129 1,602 2.232 1,079,075 39,571 10,328 11,296,119 89,738 51.743 18,130,567 7,616,213 28.610 31,068 5.166,631 9,389,214 100 166,590 11,095 11,095 466,107 20,735 20,277 1,333.400 20.163 9.750 60.540 62.440 24,168,068 87,768 79,517 2,238,921 4,248 5,983.035 4,248 79,517 8,221,956 1.398 100 58,659 23,901 ----------—--— 100 83,958 —--—---------- ----------—--—-- (Continued) 143 MONROE COUNTY,FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY—CONTINUED FOR THE FISCAL YEAR ENDED SEPT ER 30,1990 October 1, 1989 Additions Deductions Human Services: Hospitals 202,143 3,288 Health 718,134 135.555 9,160 Welfare 798,212 13,225 34,932 Total Human Services 1.718,489 152,068 44,092 Culture and Recreation: Libraries 1,744,384 792,852 2,913 Parke and Recreation 2,221,738 285,127 244,938 Other Culture/Recreation 9,808 4,406 Total Culture and Recreation 3,975,930 1,082.385 247,851 Construction in Progress 3,461,942 4.389,573 2,693,670 ------------- Total $ 51,129.036 $ 14,970.127 $ 3,572,798 144 Interdepartmental Transfers September 30, In Out 1 -- — 205,431 — 66,285 778,244 62,356 6,540 832,321 62,366 72,825 1,815,996 — 2,534,323 49,743 — 2,311,670 — — 14,214 49,743 — 4,860,207 — — 5,157,845 $ 266,625 $ 266,625 $ 62.526,365 145 (BLANK PAGE) 146 MOwROE COUNTY.FLORIDA SCHEDULE oF CHANGES|N GENERAL LONG-TERM DEBT FOR THE FISCAL YEAR ENDED mEPTEMosRmm.1990 Balance Balance October i. September 30. 1989 mdum*nm wetimm*nt@ low General Long-Term Debt Payable: Revenue Bonds Payable: Refunding Improvement Revenue Bonds,Series 1mmo $ 1.99e.000 $ -- $ 30,000 $ i.M.mm Improvement Revenue Bonds,Series 1moaA 5,000,000 -- -- 5,000,000 ' Improvement nnvn*v*Bonds.Series 1smoa 2.265.000 -- 185.000 2,080,000 Sales Tax Bond Anticipation Notes.Series 199w -- 12.500.000 -- 12.500.000 Total Revenue Bonds Payable 9'260.000 12.500'000 215.000 21.5*5.000 Installment Loan -- 29.*1* o.*ou 20'992 Capitalized Lease Obligations: Board ox County Commissioners 403.966 45.970 1e2.6" 287.342 Properly Appraiser 30,908 257.842 52,620 236.13* Sheriff 12e.500 -- -ne.00s *6.695 Total Capitalized Lease Obligations 561.374 303.812 295.019 570.167 Accrued Compensated Absences: Annual Leave: Board nf County Commissioners e01.664 89,230 -- eum.ae* Properly Appraiser 80,792 -- 25.515 55,277 aho,m 600,987 -- 69,657 531.330 Total Annual Leave 1.283.**3 89,230 e5.172 1'277'501 Compensatory Time: Board o/County Commissioners 38.342 -- 1.*76 36,866 Sick Leave: Board n/County Commissioners 109.854 20.472 -- 130.32e Tax Collector os»oa -- uo* 35,502 Property Appraiser 40.081 -- 7.559 32,522 Sheriff 81.271 -- o*»as 57.18e ---------- --------- ----------- Total Sick Leave 267.e12 20.472 32.5*8 255,536 Total Accrued Compensated Absences 1.58e.3e7 10e.702 129.1e6 1.56e.903 ------- -------- -------- Total General Long-Term Debt Payable * 11.410.771 $ 12.942'e28 * umr'eor * uu.rue'oeu 147 MONROE COUNTY,FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS-SERIES 1993 DESCRIPTION SEPT EMBER 30,1990 Refunding Bonds Series 1993 Original authorization $2,750,000 Unissued 595,000 Issued 2,155.000 Retirements through September 30,1990 190,000 Balance outstanding September 30,1990 $1,965,000 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 148 MONROE COUNTY,FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS-SERIES 1983 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30,1990 $2,156.000 Series 1983 Bonds Fiscal Original Interest Total Year Principal Debt Service 1984 S 25,000 $ 205,485 $ 230,485 1985 25,000 187,829 212,829 1986 25,000 185,979 210,979 1987 25,000 184.129 209.129 1988 30,000 182,279 212,279 1989 30,000 180,059 210,059 1990 30,000 177.839 207,839 1991 35,000 175,619 210,619 1992 40,000 172,959 212,959 1993 45,000 169.839 214,839 1994 45,000 166,239 211,239 1995 50,000 162,549 212,549 1996 56,000 158.399 213,399 1997 60,000 153.779 213,779 1998 65,000 148,679 213,679 1999 70,000 143,089 213,089 2000 75,000 136,W9 211,999 2001 80,000 130,399 210,399 2002 90,000 123,278 213,278 2003 95,000 115,178 210.178 2004 105.000 106,581 211,581 2005 115.000 97,026 212.026 2006 125,000 86,532 211,532 2007 135,000 75,095 210,095 2008 150.000 62,742 212,742 2009 165.000 48,942 213,942 2010 175,000 33,762 208,762 2011 190,000 17,575 207.575 $ 2.155,000 $ 3,788,859 $ 5,943,859 149 MONROE COUNTY,FLORIDA IMPROVEMENT REVENUE BONDS-SERIES 1998A DESCRIPTION SEPT EMBER 30,1990 Revenue Bonds Series 1988A Original authorization $5,000.000 Unissued Issued 5,000,000 Retirements through September 30,19N — Balance outstanding September 30, 1990 $5,000,000 Date of issue December 1,1988 Maturity range 19892008 Principal payment date December I 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 Fort Lauderdale,Florida 150 MONROE COUNTY,FLORIDA IMPROVEMENT REVENUE BONDS-SERIES 1 USA DEBT REQUIREMENTS TO MATURITY SEl-rEMBER 30,1990 $5,000.000 Series 1 USA Bonds Fiscal Original Interest Total Year Principal Debt Service 1989 - $ 184,734 $ 184,734 1990 - 369,468 369,468 1991 - 1 2 - 369,468 369,468 1993 - 369,468 369.468 1994 - 369,467 369,467 1995 - 369,467 369,467 1 m - 369,467 369,467 1997 - 369,467 369.467 1998 - 369.467 369,467 1W9 190,000 362.912 552,912 2000 345.000 3".283 689,283 2001 370.000 319,072 689,072 2002 395.000 291.718 686,718 2003 420,000 262,167 682,167 2004 455,000 230,003 685,003 2005 485,000 195,101 680,101 2006 525,000 157,348 682,348 2007 560,000 116,520 676,520 2008 605,000 72,390 677.390 2009 650,000 24,700 674.700 $ 5,000,000 $ 5,886,155 $ 10.886,155 151 MONROE COUNTY,FLORIDA IMPROVEMENT REVENUE BONDS-SERIES 1998B DESCRIPTION SEPTEMBER 30,1990 Revenue Bonds Series 1MB Original authorization $2,265,000 Unissued — Issued 2,265,000 Retirements through September 30,1990 185,000 Balance outstanding September 30,1990 - $2,080,000 Date of issue December 1,1988 Maturity range 19891998 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 101.6 Paying agent Midatlantic National Bank and Trust Fort Lauderdale,Florida 152 MONROE COUNTY,FLORIDA IMPROVEMENT REVENUE BONDS—SERIES 1MB DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30,1990 $2,266.000 Series 19NB Bonds Fim scal Original Interest Total Year Principal Debt Service 1989 $ 73,145 $ 73,145 1990 $185,000 140,833 325,833 1991 195,000 129,428 324,428 1992 205,000 117.125 322,125 1993 220.000 103,440 323,440 1994 235,000 88,990 323,990 1995 250.000 73.745 323,745 1996 265,000 56,875 321,875 1997 280,000 38.750 318.750 1998 300,000 19,170 319,170 1999 130,000 4,484 134,484 $ 2,265,000 $ 845,985 $ 3,110,985 153 MONROE COUNTY,FLORIDA LEST BOND ANTICIPATION NOTES,SERIES 1990 DESCRIPTION SEPT EMBER 30,1990 Sales Tax Bond Anticipation Notes Series 1990 Original authorization $12,500,000 Unissued — Issued 12,500,000 Retirements through September 30.1M — Balance outstanding September 30,1990 $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 154 MONROE COUNTY,FLORIDA SALES TAX BOND ANTICIPATION NOTES,SERIES 1990 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30.1990 $12, Series 1990 Bonds Fiscal Original Interest Total Year Principal Debt Service 1 $ — $ — $ — 1991 -- -- 1992 12.500,000 1,250.291 13,750,291 $ 12,500,000 $ 1.250,291 $ 13,750,291 155 (BLANK PAGE) 156 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 158- Pages 175 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 Statistaical Abstract 1988 • 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. 157 MONROE COUNTY,FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION LAST TEN YEARS FISCAL GENERAL PUBLIC PHYSICAL ECONOMIC YEAR GOVERNMENT SAFETY ENVIRONMENT TRANSPORTATION ENVIRONMENT 1981 $ 5,210,558 $ 5,897,627 $ 135,736 $ 2,232,650 $ 738,873 1982 6,397,702 7,398,866 284,482 2,930,397 169,938 1983 7,116,903 8,659,200 680,819 4,587,694 184,964 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 °Includes expenditures in General,Special Revenue, Debt Service and Expendable Trust Fund Types. ``Capital Outlay expenditures were reported separately for fiscal year 1987. 158 HUMAN CULTURE AND DEBT CAPITAL SERVICES RECREATION SERVICE OUTLAY* TOTAL' $ 1,809,278 $ 1,101.464 $ 78,325 $ $ 17,204,511 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 1,228,840 522,925 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 65,069,462 159 MONROE COUNTY,FLORIDA GENERAL GOVERNMENT REVENUE BY SOURCE LAST TEN YEARS FISCAL LICENSES AND INTER- CHARGES FOR YEAR TAXES PERMITS GOVERNMENTAL SERVICES 1981 $ 7,158,918 $ 797,559 $ 5,669,941 $ 691,983 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 Includes revenues in General,Special Revenue, Debt Service and Expendable Trust Fund types. 160 FINES AND INTEREST FORFEITURES INCOME ASSESSMENTS MISCELLANEOUS TOTAL' $ 600,328 $ 964,352 $ $ 343,107 $ 16,226,188 996,723 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 72,832,522 161 MONROE COUNTY,FLORIDA PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS FISCAL TAX TAX PERCENT OF YEAR LEVY COLLECTION LEVY COLLEG-1EQ 1981 $ 9,433,547 $ 8,980,468 95.2% 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 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 162 OROE COUNTY,FLORIDA ASSESSED AND ESnMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN YEARS REAL PROPERTY PERSONAL PROPERTY TOTAL YEAR ASSESSED VALUE ASSESSED VALUE ASSESSED VALUE 1981 $ 1,926,529,462 $ 137,800,260 $ 2,064,329,722 1982 2,173,603,060 160,697,982 2,334,301,042 1983 2,622,121,321 169,044,868 2,791,166,189 1984 2,818,747,746 179,994,814 2,998,742,560 1985 3,114,511,330 209,495,424 3,324,006,754 1986 3,425,252,146 212,232,427 3,637,484,573 1987 3,754,724,220 221,643,508 3,976,367,728 1988 4,208,231,293 261,996,249 4,470,227,542 1989 5,129,539,812 284,929,021 5,414,468,833 1990 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 1st 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 163 ONROE COUNTY,FLORIDA PROPERTY VALUE,CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS FISCAL PROPERTY CONSTRUCTION BANK YEAR VALUE' 1 &2 ' DEPOSITS* 1981 $ 1,509,997,982 $ 46,760,998 $ 223,446,000 1982 1,713,643,602 49,283,013 236,997,000 1983 2,079,413,342 63,730,906 287,256,000 1984 2,230,308,056 47,455,279 328,300,000 1985 2,410,892,344 64,743,341 390,889,000 1986 2,617,260,573 73,832,930 465,596,000 1987 2,830,297,181 74,847,145 570,342,000 1988 2,974,503,658 110,925,817 648,426,000 1989 3,667,553,207 156,637,545 892,242,000 1990 4,049,901,005 122,937,849 928,728,000 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 164 MONROE COUNTY,FLORIDA PROPERTY TAX RATES-DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN YEARS TAX RATESPjLLAGQ SCHOOL BOARD COUNTY TAX YEAR OPERATING DEBT SERVICE OPERATING DEBT SERVICE OTHER' TOTAL 1981 5.7900 -- 5.0846 0.0512 1.3020 12.2278 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 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 165 MONROE COUNTY,FLORIDA TEN LARGEST TAXPAYERS 1990 FISCAL PERCENTAGE ASSESSED YEAR TAXES OF TOTAL TAXPAYER" VALUE" COLLECTED* COLLE o ED' 1. Southern Bell $ 54,700,300 $ 789,824 0.0095 2. Casa Marina 42,273,558 734,173 0.0088 3. Truman Annex 24,926,254 492,707 0.0060 4. Cheeca Lodge 24,639,764 371,459 0.0045 5. Pier House 21,408,683 269,856 0.0004 6. Reach 17,995.089 350,382 0.0042 7. Hawks Cay 17,699,520 257.981 0.0031 8. Holiday Isle Resort 16,641,202 240,841 0.0029 9. Hyatt Key West 15,800,107 316,873 0.0038 10. Sheraton Key Largo 15,300,000 212,695 0.0026 $ 251,384,477 $ 4,036,791 0.0458 Source: ' Monroe County Tax Collector Monroe County Property Appraiser 166 MONROE COUNTY,FLORIDA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LAST TEN YEARS RATIO OF NET NET GROSS DEBT NET BONDED DEBT BONDED ASSESSED BONDED SERVICE BONDED TO ASSESSED DEBT YEAR POPULATION* VALUE" DEBT" FUNDS' DEBT" VALUE** PER CAPITA'° 1981 64,168 $ 2,064,329,722 $ 785,000 $ 737,426 $ 47,574 0.0023 1.0 1982 65,748 2,334,301,042 740,000 737,126 2,574 0.0001 -- 1983 66,605 2,791,166,189 690,000 690,000 -- -- -- 1984 68,752 2,998,742,560 -- -- -- -- -- 1985 70,729 3,324,006,754 -- -- -- -- -- 1986 72,471 3,637,484,573 1987 74,523 3,976,367,728 -- -- -- -- -_ 1988 77,003 4,470,227,542 -- -- -- -- -- 1989 78,966 5,414,468,833 1990 79,300 5,915,789,167 -- -- -- -- -- Property Value Assessments are as of January 1st of each year. Source: ° Monroe County Statistical Abstract 1988 °° Monroe County Property Appraiser 167 MONROE COUNTY,FLORIDA COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT SEPTEMBER 30, 1990 PERCENTAGE APPLICABLE TO THIS OVERLAPPING GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT Monroe County, Florida $ -- -- $ -- School Bonds' 1,170,000 100% 1,170,000 City of Key West*° 85,000 100% 85,000 Total Direct Underlying and Overlapping Debt $ 1,255,000 Monroe County does not have any outstanding general obligation debt. The School Board's fiscal year ends June 30, 1990. Source: ° Monroe County School Board City of Key West 168 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 EXPENDI 1 URES 1981 $ 45,000 $ 33,325 $ -- $ 78,325 $ 17,006,637 0.46 1982 45,000 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 -- 'Debt Service includes principal and interest on general obligation bonds,bond anticipation notes,and other loan and notes payable. 169 MONROE COUNTY,FLORIDA MUNICIpALSERVICEQUSTRICT-VWASTE SCHEDULE OF REVENUE BOND COVERAGE LAST TEN FISCAL YEARS NET REVENUE DEBT SERVICE REQUIREMENTS FISCAL GROSS AVAILABLE FOR l7K8ES YEAR REVENUE** EXPENSES* DEBT SERVICE PRINCIPAL INTEREST TOTAL COVERAGE 1981 $ 3.950.895 $ 2.089.990 $ 1.880.905 $ -- $ 442.080 $ 442.080 4.25 1982 4.478.788 3.055.789 1,420.999 40.000 884.120 924.120 1.54 1983 4.338.483 3.788.057 588.428 45.000 879.820 924.820 0.81 1984 5.794.937 4.603.748 1.191.189 50.000 874.558 924.558 1.28 1985 8.235.504 4.312.485 1,923.019 55.000 888.933 923.933 2.08 1988 8.488.177 5.400.183 1.087.994 -- 531.702 531.702 2.05 1987 7.958.812 5.138.728 2.820.008 430.000 828.755 1.058.755 2.87 1988 8.238.280 8.844.830 1.591.450 280.800 807.418 887.418 1.79 1989 9.571.847 8.770.541 2.801.306 300.000 589.993 889.993 3.15 1990 11.295.582 8.772.548 2.523.038 315.800 589.986 884.988 2.81 ^ 'Expenses' exclude depreciation of fixed assets and amortization of deferred charges which are reflected as expenses in the financial statements. oGross 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 ^GromaRewenue° iu interest earned on funds held in escrow for the retirement the refunded 1980bondu. 170 ONROE COUNTY,FLORIDA SCHEDULE OF INSURANCE COMPANIES SEPTEMBER 30, 1990 INSURANCE COMPANY POLICY PERIOD Cigna Fire Underwriters Insurance Company 01/10/90-91 Cigna/Ina 04/01/90-91 Employees Reinsurance Corporation 10/01/89-90 Insurance Company of North America 01/10/90-91 01/26/90 07/01/90-91 07/26/90-91 07/27/90-91 John Alden Life Insurance Company 10/01/89-90 South Carolina Insurance Company 07/05/90-91 04/03/90 11/03/89-90 John Alden Life Insurance Company 10/01/89-90 United States Fidelity &Guarantee Company 03/15/90-91 Florida Municipal Liability 10/01/90-91 Western World 03/15/90-91 Scottsdale Insurance Company 06116/90-91 Hartford Steam Boiler and Inspection Insurance Company 04/01/90-91 Hartford Life&Accident 12/07/89-90 171 MONROE COUNTY,FLORIDA SCHEDULE OF INSURANCE AGENCIES SEPTEMBER 30,1990 EXPIRATION ANNUAL AGENCY DATE PRc'IUM Arthur J.Gallagher 09/30/90 $ 28,589 09/30/90 138,076 09/30/90 126,861 09/30/90 3,189 Burke, Bogart&Brownell,Inc. 01/10/91 98,789 01/26191 6,876 Porter Alien Insurance 03/15/91 22,065 04/01/91 1,035 04/03/91 16,704 07/05/91 6,118 07/26/91 2,981 07/27/91 11,441 11/03/91 4,041 The Johnson's Insurance Agency 03/15/91 412,362 Florida Municipal Liability SIP 09/30/90 154,429 09/30/90 47,988 03/15/91 5,040 03/15/91 10,799 03/15/91 2,500 06/16/91 10,799 The CIMA Companies, Inc. 07/01/91 381 07/01/91 494 Florida Municipal Property Program 09/30/90 13,615 04/01/91 994 John Alden Life Insurance 09/30/90 19,242 09/30/90 536,950 172 MONROE COUNTY,FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS SEPTEMBBR30,1990 ANNUAL AL40UNTK3F NAME AND TITLE OF OFFICIAL SALARY SURETY BOND JohnSto,mom-Chairman. BoardofCountyCommiaaionana $ 23.877 $ 2.000 Eugene R.Lytton -Member,Board nf County Commissioners 23.877 2.000 Douglas Jones-Member, Board of County Commissioners 23.877 3.000 VVi|ha|mina Hamey-Mumbur. BoargofCountyCommicsionuna 23.877 2.000 Miohae| Puto-Mumber. BoardofCountyCommisgonura 23.877 2.000 OannyLKo|hagu-O|urkofOinouitCourt and Chief Financial Officer 58.683 5,000 RichargD. Roth - Shunff 63.405 15.000 Harry L. Sawyer,Jr. - Supervisor ofElections 49.131 5.000 ErvinA. HigQa- PrnpurtyAppraiaar 58.683 20.000 HanyF. Knight -TaxCo||ector 58.683 25.000 Thomas W. Bnown -CoumyAdministuator 64,584 100.000 173 ONROE COUNTY,FLORIDA DEMOGRAPHIC STATISTICAL DATA LAST TEN YEARS PER CAPITA MEDIAN SCHOOL UNEMPLOYMENT YEAR POPULATIONS INCOME(2} AGE(3} ENROLLMENT(4} RATE PERCENTAGE(5) 1981 64,168 $ 9,150 36.0 7,637 7.4 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 NA- Data Not Currently Available Sources: 1. Monroo County Statistical Abstract 1988 2. University of Florida, Division of Population Studies 3. Departmont of Commerce, Bureau of Economic Research 4. Monroo County School Board 5. Florida Department of Labor and Employment Security 174 MONROE COUNTY,FLORIDA MISCELLANEOUS STATIST`ICAL DATA SEPTEMBER 30,1990 Date originally established EDUCATION: constitutionally: July 3, 1823 Number of schools: High Schols 3 Date of present constitution Middle Schools 5 establishment: May 13, 1887 Elementary Schools 5 Vocational Technical 0 Form of government: Constitutional County Special Ed Schools 1 Number of Administrators 32 Present area: 1,034 square miles Number of Teachers 533 AMBULANCE SERVICE: POPULATION: Number of vehicles 14 Date Residents Increase% Number of employees 44 1981 64,168 1.55 POLICE PROTECTION: — 1982 65,748 2-46 Number of stations 7 1983 66,605 1.30 Number of employees: 1984 68,752 3.22 Certified Law Enforcement 147 1995 70,729 2.88 Administrative and Clerical 146 1986 72,471 2.46 1987 74,523 2.83 FIRE PROTECTION: 1988 77,003 3.33 Number of stations 12 1989 78,966 2.55 Number of volunteers 350 1990 79,300 0.42 PUBLIC LIBRARIES: EMPLOYEES: 1,100 Number of libraries 4 Library Holdings 143,974 ELECTIONS: PARKS AND RECREATION:*... September 4, 1990, First Primary: Number of parks 10 Acreage 225.5 Number of Registered Voters 39,799 Number of Voters 11,966 ROAD MILEAGE: Percentage of Voter Turnout 30.1% Paved streets: 335.2 Unpaved streets: 119.3 Source: *Monroe County Supervisor of Elections "Monroe County School Board —Monroe County Sheriff's Department *Department of Natural Resources,Bureau of Park Planning 175 (BLANK PAGE) 176 KEMP !& 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 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, 1990, and have issued our report thereon dated February 25, 1991 . These general purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 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 for the year ended September 30, 1990, 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. 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 when considered in relation to the general purpose financial statements taken as a whole. �OA-A-If 4 1 P4 Kemp & Green, P.A. Certified Public Accountants February 25, 1991 177 MONROE COUNTY,FLORIDA SCHEDULE OFF ERAL FINANCIAL ASSISTANCE FOR THEY ENDED SEPTEMBER 30,1900 Federal Grantor/Pass-Through Grantor Federal Program Title CFDA Number Grant ID Number Department of Agriculture Direct Program: Rural Community Fire Protection 10.662 Total Department National Oceanic and Atmospheric Administration —Pas d through Department of Environmental Regulation: Beach Access 11.419 CM236 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 Ill-B 1989 13.633 KG851 Transportation Ill-B 1990 13.633 KG950 Nutrition C-1 1989 13.635 KG851 Nutrition C-1 1990 13.635 KG950 Nutrition C-11 1989 13.635 KG851 Nutrition C-11 1990 13.635 KG950 Homemakers 111-D 1989 13.641 KG851 Homemakers 111-D 1990 13.641 KG950 Information&Referral 1989 13.633 KG851 Information&Referral 1990 13.633 KG950 Passed through State Department of Community Affairs: Community Services Block Grant Grace Jones 13.792 90SB-06-11-54-01-073 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 Passed through State Department of Community Affairs: Community Development Block Grant 14.219 88DB-12-11-54-01-H 10 Total Department 178 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1 NO Receipts Revenues Expenditures Refunds September 30,1990 $ 1,400 $ 6.752 8,152 $ 1,400 6,752 8,152 35.400 40,000 4,600 35,400 40,000 4.600 (8.993) 51.186 1,769 61,948 124,190 23,317 131,672 (15,835) 4.822 46,432 20,458 62.068 84,035 46.123 127,983 (2,175) 3.282 30,569 11,493 38,780 80,691 26,427 108,653 1.535 (1,108) 8,212 888 10,208 13.456 1.450 14,378 (528) 17.319 1,924 19,243 15,001 1,500 12,492 (4,009) 3,241 3,241 --------- ---------------- (1,997) 474,332 135,349 590,666 (21,012) --------- ----------------- 2,986 19,804 16,818 (8,979) 12,281 10,783 (10,477) 9,919 9,919 -- -------------- ----------- -------------- ----------- --------- ----------------- 3,926 42,004 27,601 (10,477) -------------- -------- --------- ----------------- The accompanying notes are an integral part of this schedule. (Continued) 179 MONROE COUNTY,FLORIDA SCHEDULE OFF ERAL FINANCIAL ASSISTANCE-CONTINUED FOR THEY ENDED SEPT EMBER 30,1 9W Federal Gran for/Paes-Through Grantor Federal Program Tide CFDA Number Grant ID Number Department of the Interior Direct Program: Traffic Enforcement Officer 15.612 14-16-0004-90-912 Key Door Boulevard Right Of Way 15.611 14-16-0004-90-921 Total Department Department of Justice Direct Program: Enhanced Pretrial Delivery Program 16.574 88-DD-CX-K007 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 Passed through South Florida Employment and Training Consortium: JTPA Intake Title IIA 17.250 2-PY'89-09-00 JTPA Intake Title IIA 17.250 2-PY'90-08-00 JTPA Liasion 1990 17.250 2-PY'8G-42-00 JTPA Liasion 1991 17.250 2-PY'90-34-00 JTPA Title IIA 1989 17.250 2-PY*88-54-00 JTPA Title IIA 1990 17.250 2-PY'89-08-01 JTPA Title IIB 19891SYETC 17.250 89-5-18-01 JTPA-Title IIB 19901SYETC 17.250 90-S-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 3-12-0044-02 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 CFR 20.106 3-12-0037-05 Key West AIP-05 Security Gate 20.106 3-12-0037-05 Key West AIP-05 Terminal Restrooms 20.106 3-12-0037-05 Marathon AIP-06 Noise Study 20.106 3-12-0044-06 Marathon AIP-07 Beacon&Tower 20.106 3-12-0044-07 Marathon AIP-07 East Apron 20.106 3-12-0044-07 Marathon AIP-07 West Apron 20.106 3-12-0044-07 180 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1999 Receipts Revenues Expenditures Refunds September 30,1990 - 47,775 - 47,775 - 9,844 - 9,844 - 57,619 - 57,619 18.750 - 16,211 - (2,539) 18,750 - 16,211 - (2,539) --------------- 23,414 158,356 147,119 12,177 - 30,278 - 30,278 1.703 25,498 - 26,906 - 3,111 - - 9,726 - 9,726 2,447 20,396 - 17,949 - - - 7,165 - 7.165 (17,924) - 16,653 (1,271) 3,537 43.468 37,166 (2,765) 1.719 1.719 - 12,424 13,989 1,565 3,801 15,421 10,578 (1,042) 1,756 839 (917) -------------- --------- -------- ----------------- 18,697 279.038 318,368 58,027 ------------- ---------- --------- ---------------- 20,351 -- 20.351 14.787 - 93 933 15,627 10,694 130.158 9,052 171,996 43,480 14,937 32.292 502 17,857 5,775 6,930 1,155 3,840 18,835 22,675 19.979 -- 541 5,406 24,844 4,872 4.872 7.029 70,291 63,262 2,220 2,220 38 379 341 60,378 106,695 21,017 210,167 142,833 The accompanying notes are an integral part of this schedule. (Continued) 181 MONROE COUNTY,FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE-CONTINUED FOR THE YEAR ENDED SEPTEMBER 30.1990 Federal Grantor/Pass-Through Grantor Federal Program Title CFDA Number Grant ID Number Department of Transportation Marathon AIP-07 Safety Overrun 20.106 3-12-0044-07 Total Department Federal Emergency Management Agency Passed through State Department of Community Affairs: Civil Defense Emergency Management 83.503 90-EM-52-11-54-10-038 Radiological Emergency Preparedness 1988 83.505 89-EM-31-11-54-10-002 Radiological Emergency Preparedness 1989 83.505 90-PP-41-11-54-10-002 Total Department Department of Treasury Direct Program: Federal Revenue Sharing: Entitlement#17 21.300 10-1-044-044 Total Department Total Federal Financial Assistance 182 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1999 Receipts Revenues Expenditures Refunds September 30,1990 146.375 170,799 36,645 61,069 300,388 457,806 03,752 661.928 310.738 24.926 49,852 — 24,926 (22,452) — -- 22,452 103,406 89.528 — (13,878) --—-—-- -------—-------- (22,452) 103,406 24,926 139,380 22,452 11,048 (100.578) 7,835 108.413 -------------- -------- -------------- ----------- --------- _________________ (100,578) 7,835 108,413 ------—- ----------------- $ 233,364 1,416,736 $ 268,614 $ 1,832,938 $ 22,452 $ 403,404 The accompanying notes are an integral part of this schedule. 183 MONROE COUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30,1990 State Granter/Program Title Grant ID Number Florida Department of Health and Rehabilitative Services Direct Program: Community Care for Disabled Adults 1989 KG-812 Community Care for Disabled Adults 1990 KG-049 Community Care for Disabled Adults 1991 KG-099 Emergency Medical Service Trust LC-855 EMS County Award 1988 LCNDJ EMS Matching Grant 1089 LPN33 EMS Matching Grant 19W LP198 EMS Matching Grant 1990 LP199 EMS Matching Grant 1990 LP200 EMS Matching Grant 1991 MO130 EMS Matching Grant 1991 MO131 Shared County&State Health Care Program — Pass through Dade&Monroe Counties Area Agency on Aging: Community Care for Elderly 1989 KG-852,89-5-878 Community Care for Elderly 1990 KG052 Community Care for Elderly 1991 KG951 E Total Department Florida Department of Law Enforcement -------------- Direct Program: State Crime Lab Medical Examiner 1990 Total Department Florida Department of Community Affairs Direct Program: Sofid Waste Study 87SR-40-11-54-01-016 Land Use Plan Implementation 87SR-40-11-54-01-003 Clerk of Circuit Court-CJIS Maintenance - Clerk Information Systems CJIS-I 88CJ-3E-11-54-01-303 Clerk Information Systems CJIS-11 87CJ-7B-11-54-01-301 Land Acquisition Program 88SP-36-11-54-20-001 Sheriff DUI Task Force 90HS-13-11-54-01-023 FL Hazardous Materials Emergency Response 89EM-26-11-54-22-038 Total Department 184 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1989 Receipts Revenues Expenditures Refunds September 30,1990 (774) $ 9,191 $ (2,476) $ 7,489 $ 18,115 118,981 10,667 111,533 - 3,666 33,503 29.937 (571) - - - (571) (735) - - - (735) (58,138) - 3,810 57,241 (4,707) - 45,600 - - (45,600) - 5.000 5,532 10,532 - 35.739 - -- (35,739) - 61,000 - (61,000) - 5,540 - - (5,540) - 14,162 40,462 26.300 42.261 42,261 - - (46,192) 363,980 26,989 437,161 89.683 24,408 154,716 40,625 -------------- - ---------- ----------(46,0 ) 776,975 86,658 852,637 (57,030) ------ --------------- 39,853 39,853 9,227 9,227 ------ -------------- ------- ---------- ----------------- 49,080 49,080 --------------- ---------- --------- ----------------- 184,995 184,995 -- 30,783 -- 32,689 1,906 -- 5,140 5.140 -- (86) -- -- 86 (34,490) -- 34,490 (2,794,702) -- 2,307,445 -- (487,257) 62,172 62,172 1.525 1,525 ---------------- ----------- ----------- ----------------- (2.613,500) 253,832 32,689 2,378,188 34,576 (487,257) ------------- --------- ---------------- ----------- ---------- ----------------- The accompanying notes are an integral part of this schedule. (Continued) 185 ONROECOUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE-CONTINUED FOR THE YEAR ENDED SEPT EMBER 30,1990 State Grantor/Program Title Grant ID Number Department of Natural Resources Direct Program: Bow Channel Daymarkers C5940 Tavernier Creek Daymarker Repair C5566 Summerland Key&Kemp Channel Daymarkers C5889 Various Waterway Routes C6358 Tavernier Ocean Shores Daymarker C5941 Big Pine Recreation Development C5976 Higgs Beach Pier&Bicycle Path C5322 Total Department Florida Department of State Direct Program: Community Information Referral Centers DLIS-89-1-1 1-F State Aid to Libraries Disadvantage s-Talewagon III DLIS-90-1-03-1 Pigeon Key Solar Grant -- West Martello Tower Total Department Florida Department of Environmental Regulation -------------------------------------- Direct Program: Recycling&Education Year M1 RE89-42 Recycling&Education Year#2 RE90-42 Hazardous Waste HW121 Waste Tire Solid Waste UT90-41 Used Oil Recycling U58 Total Department Florida Department of Transporation ---------------------------------------------- Direct Program: Key West AIP-02 Master Plan -- Key West AIP-03 Noise Study Key West AIP-04 Apron Expansion Key West AIP-05 CFR Equipment Key West AIP-05 Terminal Restrooms Key West AIP-06 Parking 186 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1989 Receipts Revenues Expenditures Refunds September 30,19M 19,878 - 19,878 4.124 4,124 - - 17.267 17.267 - - - 27,&% - 29,185 - 1,529 4,970 - 4.970 - - 10,800 10,800 - 120,000 198.824 318,824 - ------- --------------- 21,391 193,895 209,624 383,657 1,529 12,000 11,684 (316) 105,257 105,257 36,667 268 (36.399) - 195 195 8,750 8,750 17.500 ---------- --------------- ----------- ----------------- 162.674 8,945 134,904 (36,715) ------- ---------- ----------------- (55,303) 1.244 55,249 1,244 (54) 117,469 117,469 100,000 100,000 - 23.842 23,842 (5,000) 20.000 25,000 ---------- ---------------- ---------- ----------------- (60.303) 120,000 1,244 321,560 1,244 141,257 ---------------- -------- ---------- ----------------- 3,437 - -- 3,437 4,458 4,458 46 93 47 80,194 -- 9,052 89,246 498 1,000 502 7,498 23,000 3,333 18,835 -- 34.712 69,425 34,713 The accompanying notes are an integral part of this schedule. (Continued) 187 MONROE COUNTY,FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE—CONTINUED FOR THE YEAR ENDED SEPTEMBER 30,1990 State Grantor/Program Title Grant ID Number Marathon AIP-04 Master Plan — Marathon AIP-06 Noise Study — Marathon AIP-07 Beacon&Tower — Marathon AIP-07 East Apron — Marathon AIP-07 West Apron — Marathon AIP-07 Safety Overrun — Marathon AIP-08 Safety Fence Gates -- Total Department Total State Financial Assistance 188 Matching Contributions and Balances Cash Miscellaneous Balances October 1,1980 Receipts Revenues Expenditures Refunds September 30,1990 194 -- — — — 194 1,567 1,567 270 541 -- 271 216 333 3,746 7,029 — 3.166 74 -- 5 38 — 107 18,250 — 10.509 21,017 — 28,758 6,173 -- 35,317 36,644 — 7,500 -- 1,241 1.241 122,559 30,358 89,179 164,417 — 167,439 $ (2,575,887) $ 1,586,814 $ 428,339 $ 4,284,443 $ 35,820 $ (270,777) The accompanying notes are an integral part of this schedule. 189 MONR)E COUNTY. FLORIDA NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE SEPTEMBER 30, 1990 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 Reporting Entity - The Single Audit Act of 1984 and 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 _9f_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 petiod 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 an the financial position of the County. As of February 25, 1991 there were no material questioned or disallowed costs as a result of grant audits in process or completed. 190 KEMP & 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-PA (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX #k (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS 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 major federal financial assistance programs, which are identified in the schedule of federal financial assistance, for the year ended September 30, 1990: Political Activity Davis-Bacon Act Civil Rights Cash Management Federal financial reports 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 (revised 1985) . 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. 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. C,,,, t PA Kemp & Green, P.A. Certified Public Accountants February 25, 1991 191 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 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 Schedule of Federal Financial Assistance, for the year ended September 30, 1990. 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 auditing 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. The results of our audit procedures disclosed immaterial instances of noncompliance with the requirements referred to above, which are described in the accompanying schedule of findings and questioned costs. We considered these instances of noncompliance in forming our opinion on compliance, which is expressed in the following paragraph. 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, 1990. 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 25, 1991 192 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 Board of County Commissioners Monroe County, Florida In connection with the audit of the 1990 general purpose financial statements of Monroe County, Florida, and with our study and evaluation of Monroe County, Florida's internal control systems 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, 1990. 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. 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 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 25, 1991 193 K.EMP & 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 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, 1990, and have issued our report thereon dated February 25, 1991. As part of our audit, we made a study and evaluation of the internal control systems, including applicable internal administrative controls, used in administering federal financial assistance programs to the extent we considered necessary to evaluate the systems as required by generally accepted auditing standards, Government Auditin Standards, issued by the Comptroller General of the United States, the Single Audit Act of 1984, and the provisions of Office of Management and Budget Circular A-128, "Audits-of State and Local Governments. " For the purpose of this report, we have classified the ' significant internal accounting and administrative controls used in administering federal financial assistance programs in the following categories: Cycles of the Entity's Activity Treasury/Financing Revenues/Receipts Purchases/Disbursements External Financial Reporting Controls I Used in Admi n i steri ng Individual Federal Financial Assistance Programs General Requirements Political Activity Davis-Bacon Act Civil Rights Cash Management Relocation Assistance and Real Property Acquisition Federal Financial Reports Specific Re uirements Types of Services Eligibility Matching Level of Effort Reporting Cost Allocation Special Requirements, if any Monitoring Subrecipients 194 The management of the County is responsible for establishing and maintaining the internal control systems used in administering federal financial assistance programs. In fulfilling that responsibility, estimates and judgements by management are required to assess the expected benefits and related costs of control procedures. The objectives of internal control procedures used in administering federal financial assistance programs are to provide management with reasonable, but not absolute, assurance that, with respect to federal financial assistance programs, resource use is consistent with laws, regulations, and policies; resources are safeguarded against waste, loss, and misuse; and reliable data are obtained, maintained and fairly disclosed in reports. Because of inherent limitations in any system of internal accounting and administrative controls used in administering federal financial assistance programs, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the systems to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study included all of the applicable control categories listed previously. During the year ended September 30, 1990, the County expended 55 percent of its total federal financial assistance under major federal financial assistance programs and the following nonmajor federal financial assistance programs: JTPA and Nutrition. With respect to internal control systems used in administering these major and nonmajor federal financial assistance programs, our study and evaluation included considering the types of errors and irregularities that could occur, determining the internal control procedures that should prevent or detect such errors and irregularities, determining whether the necessary procedures are prescribed and are being followed satisfactorily, and evaluating any weaknesses. With respect to the_ internal control systems used solely in administering the other nonmajor federal financial assistance programs of the County, our study and evaluation was limited to a preliminary review of the systems to obtain an understanding of the control environment and the flow of transactions through the accounting system. Our study and evaluation of the internal control systems used solely in administering these nonmajor federal financial assistance programs of the County did not extend beyond this preliminary review phase. Our study and evaluation was more limited than would be necessary to express an opinion on the internal control systems used in administering the federal financial assistance programs of the County. Accordingly, we do not express an opinion on the internal control systems used in administering the federal financial assistance programs of the County. Further, we do not express an opinion on the internal control systems used in administering the major federal financial assistance programs of the County. Also, our audit, made in accordance with the standards mentioned above, would not necessarily disclose material weaknesses in the internal control systems for which our study and evaluation was limited to a preliminary review of the systems as discussed in the fifth paragraph of this report. 195 However, our study and evaluation and our audit disclosed no condition that we believe to be a material weakness in relation to a federal financial assistance program of Monroe County, Florida. 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. 404"'�� - , PA- .Kemp & Green, P.A. Certified Public Accountants February 25, 1991 196 MONROE COUNTY FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED SEPTEMBER 30, 1990 Questioned Program Finding/Non Compliance Costs Airport Improvement Program - Federal 1 . Grant No. 3-12-0037-05 Amounts claimed for Administrative $ 2,748 and Preliminary Expenses on the final report did not agree to the County's financial records for this grant. It appears that amounts changed to other cost centers were claimed as pertaining to this grant. 2. Grant No. 3-12-0044-07 FAA forms 5370-1 were not submitted as required. Per airport staff, they were instructed by FAA not to send these reports. There is no documentation of such FAA instructions. 3. 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 iomproperly 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. 197 (BLANK PAGE) 198