Fiscal Year 2005 MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Financial Statements
For The Year Ended
September 30, 2005
THIS PAGE INTENTIONALLY LEFT BLANK
COUNTY,MONROE FLORIDA
COMMISSIONERSBOARD OF COUNTY
Financial Statements
For The Fiscal Year Ended September 30, 2005
TABLE OF CONTENTS
Table of Contents A-1 - A-3
Basic Financial Statements
Independent Auditors' Report B-1 - B-2
Fund Financial Statements:
Balance Sheet - Governmental Funds C-1 - C-2
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds C-3 - C-4
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
Major Governmental Funds:
General Fund C-5 - C-9
Fine and Forfeiture Fund C-10 - C-11
Road and Bridge Fund C-12 - C-13
Governmental Grants Fund C-14 - C-16
Unincorporated Area Service District - Planning, Building &Zoning Fund C-17 - C-18
Comprehensive Plan Land Authority Fund C-19
Statement of Net Assets - Proprietary Funds C-20 - C-23
Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds C-24 - C-25
Statement of Cash Flows - Proprietary Funds C-26 - C-29
Statement of Fiduciary Net Assets - Fiduciary Funds C-30
Statement of Changes in Fiduciary Net Assets - Fiduciary Funds C-31
Notes to the Statements D-1 - D-29
Combining and Individual Fund Statements and Schedules:
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
One Cent Infrastructure Surtax Capital Project Fund E-1
Infrastructure Sales Surtax Revenue Bonds, Series 2003 Capital Projects Fund E-2
Combining Balance Sheet - NonMajor Governmental Funds F-1 - F8
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
NonMajor Governmental Funds F-9 - F-16
(Continued)
A-1
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Financial Statements
For The Fiscal Year Ended September 30. 2005
TABLE OF CONTENTS - Continued
PAGE
Combining and Individual Fund Statements and Schedules (Continued):
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
Special Revenue Funds:
Affordable Housing PnOgn@[ng F-17
Tourist Development, All Districts, Two Cent F-18
Tourist Development, Administrative and PrO0{tiOOa|, Two Cent F-19
Tourist [}8ve!Op[nent. DigtriCt #C}Og' Three Cent F-20
Tourist Dgve|Op[nent, DiStriCt #TvvO' Three Cent F-21
Tourist C)gve|Op[DgDt, [}iStriCt #Thre8' Three Cent F-22
Tourist Development, District #FOUr. Three Cent F-23
TOU[jS1 [)eve|Op[neOt' DigtriCt #Five' Three Cent F-24
|mpaotFeeS - Roadvxaye F-25
|mpaotFeem - ParkaandReoreadon F-26
Impact Fees - Libraries F-27
Impact Fees - Solid Waste F-28
Impact Fees - Police Facilities F-29
Impact Fees - Fire and EMS F-30
Fire and Ambulance, District #1 - Lower and Middle Keys F-31
Upper Keys Health Cana Special Taxing District F-32
Fire and Ambulance, District#6 - Key Largo F-33
Unincorporated Area Service District - Parks and ReCPe81iOO F-34
Local Housing Assistance F-35
Municipal Policing F-36
811 Enhancement Fees F-37
DUCb Key Security District F-38
Boating |DlprOv8[ngOt F-38
h8igCe|1aneOug 8p8Ci8| Revenue F-40 ' F-41
EnvirOOOlgOt8| Restoration F-42
Law Enforcement Trust F-43
Court Facility Fees F-44
Drug Abuse Trust F-45
Marathon K4UOiCipa| Service Taxing Unit F-46
Conch Key Municipal 8en/iC8 Taxing Unit F-47
Bay Point Municipal Service Taxing Unit F-48
Big COppitt Municipal 8en/io8 Taxing Unit F-49
F{8y Largo Municipal 8gn/ic8 Taxing Unit F'50
(Continued)
A-2
COUNTY,MONROE FLORIDA
BOARD OF COUNTY COMMISSIONERS
Financial Statements
For The Fiscal Year Ended September 30, 2005
TABLE CONTENTS - Continued
PAGE
Combining and Individual Fund Statements and Schedules (Continued):
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
Debt Service Funds:
Infrastructure Sales Surtax Revenue Bonds, Series 2003 F-51
Capital Projects Funds:
Clerk's Revenue Note F-52
Combining Statement of Net Assets - Internal Service Funds G-1 - G-2
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets -
Internal Service Funds G-3 - G-4
Combining Statement of Cash Flows - Internal Service Funds G-5 - G-8
OTHERT
Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards H-1 - H-2
Independent Auditor's Management Letter H-3 - H-5
A-3
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BASIC FINANCIAL STATEMENTS
R �
Independent Auditors' Report
To the Clerk Ex Officio, Mayor and
Board of County Commissioners of
Monroe County„ Florida-
We have edited the accompanying financial statements of each major fund and aggregate
remaining fund information of the Monroe County„ Florida Board of County Commissioners (the
"Board") as of and for the year ended September 30, 2005, which collectively comprise the
Board's basic financial statements as listed in the table of contents. These financial statements
are the responsibility of the Board's managements Our responsibility is to express opinions on
these financial statements based on our audit,
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States., those standards
require that we plan and perform the audit to obtain reasonable assurance about whether' the
financial statements are free of material m➢sstatement. An auditincludes exam➢ining, on a test
basis„ evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used andsignificant estimates made by
management, as well as evaluating the overall financial statement presentation„ We believe
that our audit provides a reasonable basis for our opinions,
s described in Note 1, the financial statements referred to above present only the Board and
o not purport to, and do not, present fairly the financia➢ position of Monroe County, Florida, as
of September 30, 2005, the changes in its financial position and its cash flogs„ where
applicable, for the year then ended in conformity with accounting principles generally accepted
in the United States of America.
In our opinion, the financial statements present fairly, in all material respects, the financial
position of the major funds and the aggregate remaining fund information of the Board as of
September 3 , 200 „ and the respective changes in its financial position and cash flogs,, where
applicable, thereof and the respective budgetary comparison for the General Fund, Fine &
Forfeiture Fund„ Road & Bridge 'Fund„ Governmental Grants Fund, Unincorporated Area
Services District Planning„ Bui➢ding and Zoning Fund„ and the Comprehensive Plan Lan
Authority Fund for the year then ended in conformity with accounting principles generally
accepted in the United States of America„
-1
In accordance with Govemment Auditing Standards, we have also issued our report dated
March 1, 2006 on our consideration of the Board's internal control over financial reporting and
our tests of compliance with certain provisions of laws, regulations„ contracts„ and grant
agreements and other matters, The purpose of that report is to describe the scope of our
testing of internal control over financial reporting and compliance and the resuilts of that testing,,
and not to provide an opinion on the internal control over financial reporting or on compliance.
That report is an integral part of an audit performed in accordance with Government Auditing
Standards and should be considered in assessing the results of our audit.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Board's basic financial statements. The combining and individual fund
financial statements and schedules, listed in the foregoing table of contents, are presented for
purposes of additional analysis and arenot a required part of the financial statements oft e
Board. The combining and individual fund financial statements and schedules have been
subjected tote auditing procedures applied in the auditof the financial statements referred to
above and, in our opinion„ are fairly presented in all material respects in relation tote basic
financial statements taken as a whole.
This report is intended solely for the information and use management„ the Clerk Ex Officio,
the County Mayor, and the Board of County Commissioners of Monroe County, Florida„ and
applicable state n federal agencies, and is not intended to be and should not be used by
anyone other than these specified parties.
CA4.50, z5�� ,+E
West Palm Beach, Florida
March 1, 2006
-
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2005
Fine & Road & Governmental
General Forfeiture ridge rants
Assets
Cash and Cash Equivalents 2,183,787 7,314,7 9,669,422 $ 2,586,833
Investments 15,565,396 - - -
Accounts Receivable, Net 16,894 m, 500 251
Due from Other Funds 4,927,452 1,667 20,205 492,939
Due from Other Governmental Units 316,262 1,021,798 660,391 3,158,487
Due from Constitutional Officers 5,037,976 1,865,395 - 50,108
Mortgages/Notes Receivable - - - 32,540
Allowance forMortgages/Notes Receivable - - - (32,540)
Interest Receivable 90,921 -
Inventory 7 - - -
Total Assets 23,189,398 $10,203,640 $ 10,370,518 $ 6,288,618
Liabilities and Fund Balances
Liabilities:
Accounts Payable 1,301,132 42,77 $ 981,910 $ 2,907,966
Reta.inage Payable 9,101 - - 75,509
Accrued Wages and Benefits (Payable 309,420 13,722 28,134 65,173
Due to Other Funds 152,741 123,044 637,265 172,212
Due to Other Governmental Units 194,705 3,413 172,290 473,012
Due to Constitutional Officers 374,332 31,582 - 1,628
Other Current Liabilities 11,467 - - 17
Deposits in Escrow 21,120300 -
Deferred Revenues 117,839 - 1,224,307
Accrued Interest Payable - - -
Total Liabilities 2,491,857 314,518 1,819,399 5,500,044
Fund lances:
Reserved for:
Encumbrances 520 226 1,842 41,15
Land Acquisition - - -
Mortgage Loans - - -Unreserved, Designated for Special Rev. Fund - - -
Unreserved, Undesignated 25,697, 21 9,633,896 3,543,777 747,339
Unreserved, reported in nonrnajor:
Special Revenue Funds - -Debt Service Funds - - - -
Capital Project Funds - - -
Total Fund Balances 25,697,541 9,359,122 8,550,619 733,574
Total Liabilities and Fund Balances $ 28,189,393 $10,203,640 10,370,518 6,233,618
The notes tot e financial staternents are an integral part of these statements„
C-1
Unincorp.
Area Service Comprehensive One Cent Infrastructure Other Total
Dist., Planning, Plan Land Infrastructure Revenue Bonds Governmental Governmental
Bldg. & Zoning Authority Surtax Series 2003 Funds Funds
$ 6,676,068 $ 8,026,902 $ 14,583,925 $ 13,686,526 $ 44,895,495 $ 109,643,738
25,396,173 5,573,131 - 46,534,700
4,073 - 380,654 402,372
15,147 2,451 174,598 5,634,1459
319,183 210,492 1,170,595 95,605 6,952,813
4,566 - - 2,086,021 9,094,066
- 6,754,563 914,285 3,462,534 11,163,922
- (914,285) - (3,462,534) (4,409,359)
157,631 80,908 51,556 381,016
- - - - 710
$ 7,019,037 $ 14,99111,957 $ 41,310,775 $ 19,340,565 $ 47,683,929 $ 185,398,437
$ 245,755 $ 280 $ 755,829 $ 174,617 $ 2,354,257 $ 8,864,503
- - 670,178 3,652 33,628 792,068
122,914 27,236 11,375 2,529 122,379 1,282,882
1,167,799 - 181,426 2,0010 1,777,631 4,214,198
3,256 2,231 114,370 - 72,547 1,035,824
- - - 65,386 472,928
- 11,624
- - 21,420
6,150 30,271 1,378,567'
- - - - 314,665 314,665
1,545,874 29,747 1,733,178 182,798 4,770,764 18,388,679
- - 212,737 24,495 - 281,005
1,635,215 - - 1,635,215
6,754,563 - 6,754,563
- - - - 421,113 421,113
5,473,163 6,572,432 39,364,860 19,133,272 - 115,425,810
- - - - 42,084,956 42,084,956
319,551 319,551
- - 87,545 87,545
5,4.73,163 14,962,210 39,577,597 19,157,767 42,913,165 167,009,758
7,019,037 $ 14,991,957 $ 41,310,775 $ 19,340,565 $ 47,683,929 $ 185,398,437
C-2
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Fine & Road & Governmental
General Forfeiture Bridge Grants
Revenues:
Taxes $18,498,696 $36,768,025 $ 1,628,081 $
Licenses and Permits 359,545 -
Intergovernmental 8,307,160 3,829,566 5,127,975
Charges for Services 5,356,218 3,959,807 33,361 178,600
Fines and Forfeitures 1,990 369,290
Investment Income 484,203 381,728 232,742 86,487
Miscellaneous 4,968,684 15,384 75,499 93,915
Total Revenues 3-7,976,496 41,494,234 5,799,249 5,486,977
Expenditures:
Current;
General Government 23,006,830 399,600 - -
Public Safety 1,374,700 40,292,715 - 3,189,010
Physical Environment 473,915 - - 1,662,874
Transportation 46,398 - 4,754,628 969,047
Economic Environment 577,522 - - -
Human Services 5,805,555 74,679 - 1,682,513
Culture and Recreation 2,578,715 - - 139,724
Court Related 3,143,373 60,461 - 49,673
Capital Projects - -
Debt Service 218,469 - - -
Total Expenditures 37,225,477 40,827,455 4,754,628 7,692,841
Excess/Deficiency of Revenues
Over/(Under) Expenditures 751,019 666,779 1,04,4,621 (2,205,864)
Other Financing Sources/(Uses):
'Transfers from Other Funds 4,798,229 1,667 20,205 564,256
Transfers, to Other Funds (113,209) (21,194) (635,257) (172,204)
Capital Lease Acquisition 233,493 -
Total Other Financing Sources/(L)ses) 4,918,513 (19,527) (615,052) 392,052
Net Change in Fund Balances 5,669,532 647,252 429,569 (1,813,812)
Fund Balances-October 1 20,028,009 9,241,870 8,121,050 2,602,386
Fund Balances-September 30 $25,697,541 9.889122 $ 8,5%619 _JZL8,574
The notes to the financial statements are an integral part of these statements,
C3
Unincorp.
Area Service Comprehensive One Cent Infrastructure Other Total
Dist., Planning, Plan Land Infrastructure Revenue Bonds Governmental Governmental
Bldg. &Zoning Authority Surtax Series 2003 Funds Funds
$ 801,414 $ $ 14,875,923 $ $ 28,333,225 $ 100,905,364
2,455,667 - 19,946 2,835,,158
2,018,291 3,150,766 - 1,976,207 24,409,965
437,928 - 315,072 6,014,453 16,295,439
95,715 - - 1,047,030 1,514,025
215,854 262,715 1,128,744 487,560 1,242,949 4,522,982
28,,242 - 100 - 1,074,060 6,255,884
6,053,111 3,413,481 16,319,839 487,560 39,707,870 156,738,817
4,560,085 6,730,779 - - 593,275 35,290,569
3,234,680 - 13,870,861 61,961,966
593,434 1,218,500 3,948,723
- - 5,770,073
- 15,535,006 '16,112,528
- 408,477 7,971,224
- 1,508,701 4,227,140
- - 6,603 3,260,110
14,150,192 449,721 36,608 14,636,521
- - - - 2,743,427 2,961,896
8,388,199 6,730,779 14,150,192 449,721 35,921,458 156,140,750
(2,335,088) (3,317,298) 2,169,647 37,839 3,786,412 598,06-7
15,147 451 - 2,180,246 -7,580,201
(1,167,799) (2,292,788) (1,759,789) (6,162,240)
- 233,493
(1,152,652) (2,292,337) 420,457 1,651,454
...............
(3,487,740) (3,317,298) (122,690) 37,839 4,206,869 2,249,521
8,960,903 18,279,508 39,700,287 19,119,928 38,706,296 164,760,237
j.4�731 63 1 14,962210 $ 39.577,597 $ 19.157.767 42 3 65 $ 167M9 758
C 4
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 18,327,800 $ 18,327,800 $ 18,498,696 $ 170,896
Licenses and Permits 250,000 250,000 359,,545 109,545
Intergovernmental 4,568,250 6,068,250 8,307,160 2,238,910
Charges for Services 2,543,500 2,743,500 5,356,218 2,612,718
Fines and Forfeitures 11,000 11,000 1,990 (9,010)
Investment Income 414,998 414,998 484,203 69,205
Miscellaneous 212,000 - 351,605 4,968,684 4,617,079
Total Revenues 26,327,548 28,167,153 . 37,976,496 9,809,343
EXPENDITURES:
Current:
General Government:
Board of County Commissoners, 1,504,701 1,504,701 1,484,811 19,890
County Administrator 505,308 717,208 689,152 28,056
Public Works Management 157,974 157,974 155,277 2,697
Public Safety Management 96,760 96,760 90,442 6,318
Community Services Management 204,538 204,538 184,303 20,235
County Attorney 1,217,623 1,217,623 1,053,517 164,106
Office of Mariagement & Budget 557,209 613,209 592,328 20,881
Technical Services 1,785,525 1,817,692 1,658,742 158,950
Personnel 373,888 377,032 377,032 -
Vehicle Replacement 217,550 141,722 - 141,722
Public Works Facilities Maintenance 5,538,974 5,948,358 5,750,429 197,929
ADA Compliance 185,000 185,000 30,209 154,791
Value Adjustment Board 15,000 17,000 14,998 2,002
Community Services-Marine Projects 123,924 123,924 117,783 6,141
Promotional Advertising 5,000 5,000 2,37'9 2,621
Tax Increment Payment 150,000 179,394 179,394 -
Quasi External Services 22,000 51,146 51,146
Clerk to BOCC-Financial Package 20,000 20,000 6,446 13,,55.4
Clerk Comm & Fees-Admin 117,861 117,861 117,861
Clerk of Ct Comm & Fees-Noncourt 1,885,945 1,885,945 1,885,945 -
Clerk of Ct Comm & Fees-TDC - 184,108 137,330 46,778
"Tax Collector 3,940,192 4,369,961 4,098,938 271,023
Property Appraiser 3,084,966 3,209,256 3,209,256 -
Supervisor of Elections 973,666 973,666 973,666
Insurances-Supervisor of Elections 135,058 135,058 122,626 12,432
'The notes to the financial staternents are an integral part of these statements. (Continued)
C-5
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GENERALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPT MBE 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
GASB 34 Implementation 30,000 30,000 - 30,000
Gov®t Enterprise Management System 15,000 35,000 20,450 14,550
Sterling Award Program - 63,000, 2,370 60,630
"'total General Government 22,863,662 24,382,136 23,005,830 1,375,336
Public Safety:
Hurricane 7,099 18,785 18,785 -
Communication 421,715 457,354 367,579 89,775
Emergency Management 258,238 258,238 245,036 13,202
Marathon Emer Operations Center 48,479 48,479 4,4,982 3,497
Medical Examiner 552,671 573,329 57'0,298 3,031
American Red Cross Lower Keys 27,000 27,000 27,000 -
Fire Academy 153,805 136,604 101,020 35,584
Total Public Safety 1,469,007 1,519,789 1,374,700 145,089
Physical Environment:
Extension Service 255,619 255,619 250,557 5,1062
Land Steward 88,982 88,982 265 88,717
Hazardous Waste 229,353 229,353 223,093 6,260
Total Physical Environment 573,954 573,954 473,915 100,039
Transportation:
County Engineer 96,524 98,524 4,6,398 52,126
Economic Environment:
Literacy Volunteers of America 6,500 6,500 6,500
Veteran's Affairs - 5,429 5,4,29
Veteran's Affairs 419,266 425,982 425,982 m.
Veteran's Affairs Transportation - 14,2,171 139,611 2,560
Total Economic Environment 425,766 580,082 577,522 2,560
Human Services:
Health Care Respite Act 90,000 90,000 - 90,000
Hospice of the Florida Keys 45,000 45,000 45,000 -
Public Works Animal Shelter 820,208 833,176 831,453 1,723
Bay shore Manor 587,469 593,943 552,928 41,015
Middle Keys Guidance Clinic 206,752
The notes to the financial statements are an integral part of these statements. (Conti.nuedl)
C-6
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GENE RALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Middle Keys Guidance Clinic 3601,000 566,752 566,752 -
Middle Keys Guidance Clinic - 119,717 101,994 17,723
Guidance Clinic Transportatlon - 42,351 42,351 -
Care Center for Mental Health 310,000 310,000, 310,000 -
Monroe Cnty Assoc. for Retarded Citizens 65,000 65,000 65,000 -
Heron/ Peacock 50,000 50,000 50,000 -
Older Americans Volunteer Program 4,,000 4,000 561 3,439
Legal Aid 23,628 23,628 - 23,628
Welfare Administration 788,435 788,435 742,099 4.6,336
Welfare Services 863,657 863,657 631,980 231,677
Caring Friends for Seniors 10,000 10,000 10,000 -
Big Brothers\ Big Sisters 23,000 23,000 23,000
Florida Keys Children's Shelter 95,000 95,000 95,000
Wesley House 100,000 100,000 100,000
Pace 26,000 26,000 23,869 2,131
MCEF/ Monroe Youth Challenge 22,000 22,000 21,996 4
1--ielpline 17,000 17,000 17,000 -
Domestic Abuse Shelter 35,000 35,000 35,000
Florida Keys Outreach Coalition 25,000 25,000 25,000
Healthy Kids Program 39,734 39,734 36,423 3,311
Habitat for Humanity 25,000 25,000 3,754 21,246
Habitat for Humanity Upper Keys 5,000 5,000 - 5,0100
Samuel's House 40,000 40,000 40,000 -
Youth Summer Rec - 40,000 40,,000
Womankind 28,000 28,000 28,000
Rural Health Network 232,000 232,000 232,000 -
Social Service Transportation - 1,133,154 1,,086,395 46,759
Dept of Health, ACHA - 250,000 - 250,000
Healthy Kids Outreach 38,000 38,00�0 38,000
Just for Kids 10,000 10,000 - 10,000
Fountains of Living 5,000 5,000 5,000 -
F1 Keys Area Filth Educ Ct 5,000 5,000 5v000
Total Human Services 4,994,883 6,599,547 5,805,555 793,992
Culture and Recreation:
Heart of the Keys Recreation 30,,000 30,000 30,000
(Continued)
The notes to the financial statements are an integral part of these statements,,
C-7
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GENERALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL, - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Big Pine Athletic Association 45,000 45,000 45,000
Boys and Girls Club 32,000 32,000 32,000
Upper Keys YMCA 13,500 13,500 13,500 -
Higgs Beach Maintenance 88,091 88,091 65,386 22,705
Lower Keys AARP 5,000 5,000 4,699 301
Middle Keys AARP 5,000, 5,000 4,429 571
Big Pine Key AARP 5,000 5,,000 4,168 832
Fine Arts Council 72,500 72,500 72,500 -
Historic Keys Foundation 30,000 30,000 30,000
Fi Keys Wild Brd Rehab Ct 14,000 14,000 14,000
BP & Lwr Keys Wild Brd Ct 14,000 14,000 14,000 -
Library Admin Support 498,980 482,150 473,905 8,245
Library Key West 707,754 708,604 601,576 107,028
Library Key West Donations 15,000 112,664 3-1,666 80,998
Library Marathon 323,806, 324,656 312,359 12,297
Library Marathon Donations 5,000 17,506 7,209 10,297
Library lslamorada 277,534 278,384 24,6,9140 31,444
Library Islarnorada Donations 2,000 3,186 125 3,061
Library Key Largo 358,771 359,621 334,579 25,042
Library Key Largo Donations 8,000 18,511 4,490 14,021
Library Big Pine Key 228,946 229,796 225,234 4,562
Library Big Pine Key Donations 6,500 24,237 10,950 13,28,7
Total Culture and Recreation 2,786,382 2,913,406 2,578,.715 334,691
Court Related:
Clerk of the Court-Records Mgmit 37,896 37,896 37,896
Clerk of the Court-Administrative 30,243 30,243 30,243 -
Clerk of the Court-Jury Management 19,995 19,995 19,995 -
Clerk of the Circuit Court-Criminal! 156,958 156,958 156,958 -
Clerk of the Circuit Court-CiW 78,814 78,814 78,814 -
Clerk of the Circuit Court-Family 26,666 26,666 26,,666 -
Clerk of the Circuit Court-Juvenile 21,670 21,670 21,670 -
Clerk of the Circuit Court-Probate 10,905 10,905 10,905
Clerk of the Court-Criminal 124,279 124,279 124,279
Clerk of the Court Civil 53,745 53,745 53,745
Clerk of the Court.-Traffic 158,902 158,902 158,902 -
La Library 73,041 '73,041 66,265 6,776
The notes to the financial statements are an integral part of these statements. (Continued)
C-8
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GENE RALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget -..,-Budget Actual (Negative)
Guardian Ad Litem 138,866 138,866 123,039 '15,827
State Attorney 272,446 272,446 191,705 80,741
Public Defender 411,982 472,592 457,286 15,306
Court Administration 7,991 7,991 6,988 1,003
Court Admin-Judicial Support 152,352 152,352 136,403 15,949
Court Admin-Staff Attorney 5,418 5,418 4,931 487
Court Admiin-Article V Resid/Confing 87,500 87,500 86,762 738
Court AdrnM-Circuit Ct Reporter Svcs 13,718 13,718 7,374 6,344
Court Admin-Circuit Drug Court 451,526 446,033 417,784 28,249
Court Adm n-Pretrlal Release 499,854 499,854 490,504 9,350
Court Admin-Farnilly, Ct Case Mgmt 118,608 118,608 115,902 2,706
Ct. Admin-Other Circuit Court Juvenile 74,421 74,421 71,738 2,683
Court Admin-Information Systerns 262,050 262,050 246,619 15,431
Total Court Related 3,289,846 3,344,,963 3,143,373 20-111,590
Debt Service:
Principal - 181,971 181,909 62
Interest 36,560, 36,560 -
Total Debt Service - 218,531 218,469 62
Total Expenditures 36,502,024 40,230,932 37,225,477 3,005,455
Excess/Deficiency of Revenues
Over/(Under) Expenditures 10,174,476 12,063,779 751,019 12,814,798
Other Financing Sources/(Uses):
Reserve for Contingencies (2,543,570) (737,915) - 737,915
Transfers from Other Funds 4,116,670 4,116,670 4,798,,229 681,559
Transfers to Other Funds - (149,852) (113,209) 36,643
Capital) Lease Proceeds - 233,500 233,493
Total Other Financing SOUrces/(Uses) 1,573,100 3,462,403 4,918,513 1,456,110
Net Change in Fund Balances (8,601,376) (8,601,376) 5,669,532 14.1270,908
Fund Balances, October 1 20,028,009 20,028,009 20,028,,009 -
Fund Balances, September 30 $ 11,426,633 $ 11,426,633 $ 25,697,541 14,270,908
The notes to the financial statements are an integral) part of these statements,
C-9
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
FINE AND FORFEITURE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 38,247,194 $ 38,247,194 $ 36,768,025 $ (1,479,169)
Intergovernmental 30,000 30,000 - (30,0�00)
Charges for Services 1,609,673 3,952,036 3,959,807 7,771
Fines and Forfeitures - 80,900 369,290 288,390
Investment Income 200,000 4,82,949 381,728 (101,22-1)
Miscellaneous 1,000 456,301 15,384 (44011,917)
Total Revenues 40,087,867 43,249,380 41,4,94,234 _L1,755,146
EXPENDITURES:
Current:
General Government:
Tax Increment Payment 300,0100 399,600 399,600 -
Vehicle Replacement 33,394 33,394 - 33,394
Total General Government 333,394 4.32,994 399,600 33,394
Public Safety:
Sheriffs Budget 33,763,398 33,813,927 33,763,396 50,531
Sheriffs Group Insurance 5,219,974 5,219,974 4,668,221 551,753
Bond Refunds 50,000 50,000 33,461 16,539
LEEA Funds 75,000 75,000 75,000 -
Jail Operations 104,671 '134,946 134,946 -
Pubfic Works Correction Facilities 1,655,526 1,655,526 1,470,784 184,742
Keys to Recovery Program 86,287' 86,287 86,287 -
Teen Court 58,609 58,609 - 58,609
Juvenile Detention Cost Share - 63,000 60,620 2,,380
Total Public Safety 41,013,465 41,157,269 40,292,715 864,554
Human Services:
Residential Substance Abuse 97,500 74,679 22,8�21
Court Related:
Sheriff Extradition 76,000 76,000 60,461 15,539
Total Expenditures 41,422,859 .. 41,763,763 40,827,455 936,308
Excess/Deficiency of Revenues
Over/(Under) Expenditures _LL,334,992) 1,485,617 666,779
The notes to the financial statements are an integral part of these statements, (Cu nfinued)
C-10
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
FINE AND FORFEITURE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Other Financing Sources/(Uses):
Reserve for Contingencies (1,017,715) (699,109) - 699,109
Transfers from Other Funds - 549 1,667 1,118
Transfers to Other Funds - (28,780) (21,194) 7,586
Total Other Financing Sources/(Uses) (1,017,715) (727,340) (19,527) 707,813
Net Change in Fund Balances (2,352,707) 758,277 647,252 (111,025)
Fund Balances, October 1 9,241,870 9,241,870 9,241,870 -
Fund Balances, September30 $ 6,889,163 $ 10,000,147 $ 9,889,122 $ (111,025)
The notes to the financial statements are an integral part of these statements.
C-11
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
ROAD AND BRIDGE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES In
FUND BALANCES -BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual rNegative)
Revenues:
Taxes 1,275,000 1,275,000 1,626,081 353,08-1
Intergovernmental 3,350,000 3,350,000 3,629,566 479,566
Charges for Services 17,000 17,000 33,361 16,361
Investment Income 120,000 120,000 232,742 112,74
Miscellaneous 32,000 32,000 75,499 43,499
Total Revenues 4,794,000 4,794,000 5,799,249 1,005,249
Expenditures:
Current:
General Government:
'vehicle Replacement 72,269 72,269 - 72,269
Transportation:
Road Department 2,848,775 3,071,866 2,403,041 663,625
County Engineer Road andridge 843,466 843,466 534,040 259,426
Street Lighting 198,034 196,034 187,336 10,693
Local Option Gas Tax Projects 35,000 395,000 241,976 153,024
% Gas Tax 2,200,000 2,276,966 337,239 1,941,727
In-House Projects 350,000 350,000 39,596 310,404
Marathon Reads - 956,400 956,400 -
Islamorada Roads 503,19 503,1 - 503,199
Total Transportation 7,338,474 6,596,931 4,754,628 3,342,303
EconomicEnvironment:
Veterans Affairs Transportation 139,760 -
Human Services:
Middle keys Guidance Clinic 119,717 -
Guidance Clinic Transportation 42,351 - -
Social Services Transportation 1,133,154 - -
Total Human Services 1,295,222 - - -
Total Expenditures 6,845,725 6,669,200 4,754,626 3,914,572
Excess/Deficiency of Revenues
Over/(Under) Expenditures 4,051,725 t2,575,200) 1,0 ,621 4,919,621
(Continued)
The notes to the financial statements are an integral part of these statements,
C-12
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
ROAD AND BRIDGE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Other Financing Sources/(Uses):
Reserve for Contingencies (236,166) (190,434) - 190,434
Transfers from Other Funds - - 20,205 20,205
Transfers to Other Funds (413,000) (635,257) (635,257) -
Total Other Financing Sources/(Uses) (649,166) (825,691) (615,052) 210,639
Net Change in Fund Balances (4,700,891) (4,700,891) 429,569 5,130,460
Fund Balances, October 1 8,121,050 8,121,050 8,121,050 -
Fund Balances, September 30 $ 3,420,159 $ 3,420,159 $ 8,550,619 $ 5,130,460
The notes to the financial statements are an integral part of these statements.
C-13
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GOVERNMENTAL GRANTS SPECIAL REVENUE FUNS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES Ih
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget fj�et Actual (yf2ative)_
Revenues:
Intergovernmental $ - $ 15,818,609 $ 5,127,975 $ (10,690,634)
Charges for Services - 141,000 178,600 37,600
Investment Income - 4,085 86,487 82,402
Miscellaneous 58,600 93,915 35,315
Total Revenues 16,022,294 5,486,977 10,535,317
Expenditures:
Current:
General Government:
Grant Match 400,000 53,395 - 53,395
Public Safety:
FEMA-Tropical Storm Mitch - 39,464 39,464 -
EMS Hazardous Material - 3,955 - 3,955
Emergency Management as Grant - 132,670 132,262 408
Radiological Emerg Preparedness - 125,000 107,526 17,474
EMS Award Grant 126,022 186,180 115,851 70,329
Rural EMS Matching Grant 96,949 96,949 92,898 4,051
Local Mitigation Strategy Plan - 26,667 26,600 67
Shelter Retrofit - 19,850 19,850 -
EOC Enhancements - 88,142 62,790 25,352
EOC Security Improvement - 124,000 8,257 115,743
Sheriff's Intoxilyzer Grant - 6,350 6,350 -
FEMA-Hurricane Charley - 1,655 - 1,655
FEMA-Hurricane Frances 765 765
FEMA-Hurricane Ivan - 4,205 - 4,205
FEMA-Hurricane Dennis - 3,437,796 1,722,502 1,715,294
FEMA-Hurricane Katrina - 2,200,000 222,901 1,977,099
FEMA-Hurricane Rita - 2,200,000 631,759 1,568,241
Total Public Safety 222,971 8,693,648 3,189,010 5,504,638
Physical Environment:
Stormwater Improvement - 63,515 6,435 57,080
Stormwater Master Plan - 116,482 96,180 20,302
Sanitary Wastewater Master Plan - 24,800 10,700 14,100
Homeowners Wastewater Assistance - 2,015,600 1,092,809 922,791
Coastal Impact Assistance - 139,787 139,787 -
Community Development Block Gmt - 911,929 151,300 760,629
(Continued)
The notes to the financial statements are an integral part of these statements.
C-1 4
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GOVERNMENTAL GRANTS SPECIAL REVENUE FUN[
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUE[
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget §yq2et Actual Negative)
No Discharge Zone Education 60,812 20,943 39,869
Exotic Plant Control Svc 47,296 47,296
FK Vessel Pump-Out 10,126 - 10,126
CV A LE 567 66,667 66,667 -
Public Water Access 99,000 33,000 66,000
Clean Vessel Act LE 507 - 333,333 45,053 288,280
Boat Ramp Repairs - - 46,660 - 46,660
Total Physical Environment - 3,936,007 1,662,874 2,273,133
Transportation.,
S Fl Water Mgmt Dist Grant Stormwater - 4,234 4,234 -
Transportation Study Plan Update - 851,411 292,189 559,222
Safety Improvement Heritage Trail - 928,171 - 928,171
Florida Keys Scenic Hwy Planning - 28,865 - 28,865
Bicycle/Pedestrian Coordination 2001 - 25,220 25,220 -
Bicycle/Pedestrian Plan 2 150,000 50,712 99,288
Overseas Heritage Trail - 1,233,800 510,142 723,658
Scenic Highway Interpretive - 200,000 86,550 113,450
Total Transportation - 3,421,701 969,047 2,452,654
Economic Environment:
JTPA Liaison - 5,429 5,429
Affordable Housing Coordinator - 45,081 45,081
Total Economic Environment - 50,510 50,510
Human Services:
Residential Substance Abuse Treatment - 181,783 84,775 97,008
Title Ill® Homemaker 2005 124,319 97,803 26,516
Title 111-13 Homemaker 2004 - 43,8,09 43,809 -
Title III-C1 2005 - 214,652 141,591 73,061
Title III-Cl 2004 - 84,609 50,705 33,904
Title III-C2 2005 - 268,683 181,796 86,887
Title III-C2 2004 - 112,800 84,134 28,666
Title III-E 2005 - 24,832 24,832 -
Title III- 2004 - 54,781 44,688 10,093
Alzheimer's Disease Initiative 04/05 - 63,609 63,609 -
Alzheimer's Disease Initiative 05/06 - 83,784 18,350 65,434
Community Care for Disabled Adults 04/05 81,366 69,522 11,844
(Coritinued)
The notes to the financial statements are an integral part of these statements.
C-1 5
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
GOVERNMENTAL GRANTS SPECIAL REVENUE FUNE
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES lh
FUND BALANCES - BUDGET AND ACTUAL -CONTINUE[
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Eyqqet Actual Negative)_.
Community are for the Elderly 05/06 608,788 120,524 488,264
CommuHty Care for Disabled Adults 03/04 97,652 19,984 77,668
Community Care for the Elderly 04/05 469,220 364,474 104,746
Home Care for the Elderly 03/04 2,935 2,902 33
Home Care for the Elderly 04/05 4,729 15 4,714
Boys and Girls Club 53,894. 53,894
US Fellowship of Florida 51,504 51,504
MC Education Foundation 60,000 60,000 -
Low lncome Home Energy Program 2005 96,590 49,433 47,157
Low Income Home Energy Program 2004 - 65,566 42,090 23,476
Care Center Mental Health - 71,764 12,079 59,685
Total Human Services - 2,921,669 1,682,513 1,239,156
Culture and Recreation:
State Aid to Libraries - 137,970 137,970 -
NEH Preservation Assist - 1,764 1,754 10
Total Culture and Recreation - 139,734 139,724 10
Court Related:
Juvenile Drug Court LLEBG - 28,942 - 28,942
Local Law Enforcement Block Grant-2004 - 100,033 - 100,033
Local Law Enforcement Block Grant-2005 - 70,694 49,673 21,021
Total Court Related - 199,669 49,673 149,996
Total Expenditures 622,971 19,416,333 7,692,841 11,723,492
Excess/Deficiency of Revenues
Over/(Ulnder) Expenditures (622,971) _121394,039
(2,205,864) 1,188,175
Other Financing Sources/(Uses):
Reserve for Contingencies (55,000) (30,206) - 30,206
Transfers from Other Funds 2,918,474 564,256 (2,354,218)
Transfers to to Funds - 172,204 721,2041
Total Other Financing Sources/(Uses), 55,000 2,716,064 392,052 12,324.,012
Net Change in Fund Balances (677,971) (677,975) (1,813,812) (1,135,837)
Fund Balances, October 1 2,602,386 2,602,386 2,602,386
Fund Balances, September 30 $ 1,924,415 $ 1,924,411 $ 788,574 (1,135,837)
The notes to the financial statements are an integral part of these statements,
C-'l 6
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
UNINCORPORATED AREA SERVICE DISTRICT - PLANNING,
BUILDING AND ZONING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 654,553 654,553 801,414 $ 146,861
Licenses and Permits 1,615,000 1,615,000 2,4,55,667 840,667
Intergovernmental 2,504,000 1,004,,000 2,018,,291 1,014,291
Charges for Services 264,000 264,000 437,928 173,928
Fines and Forfeitures 83,,000 83,000 95,715 12,715
Investment Income 200,,000 200,000 215,854 15,854,,
Miscellaneous 5,0100 5,000 28,242 23,24,2
Total Revenues 5,325,553 3,8E_,553 6,053,111 2,227,558-
Expenditures:
Current:
General Government:
Tax Collector Fees 100,000 100,000 34,711 65,289
Property Appraiser Fees 32,000 32,000 23,186 8,814
Growth Mgmt County Attorney 100,227 113,927' 109,047 4,880
Planning Department 1,296,97'7 1,234,334 1,229,994 4,340
2010 Comprehensive Plan 726,593 355,923 266,951 88,972
Planning Commission 100,365 100,365 78,062 22,303
Growth Mgmt Administration 666,835 1,411,018 1,411,018 -
Planning and Building Refunds 8,000 8,000 7,116 884
Settlement Agreement 1,400,000 1,400,000 1,400,000
Vehicle Replacement 263,86 41,126 - 241,126
Total General Government 4,694,859 4,996,693 4,560,085 436,608
Public Safety:
Building Department 1,551,426 1,569,662 1,566,746 2,916
Code Enforcement 1,048,264 994,764 966,743 28,021
Fire & Rescue Coordinator 483,271 483,971 483,642 329
Fire Marshall 264,917 264,217 217,549 46,668
Total Public Safety 3,34,7,878 3,312,614 3,234,680 77,934
Physical Environment:
Pump-Out Vessel 61,431 26,101 5,099 21,002
Environmental Resources 371,023 371,023 367,810 3,213
Marine Resources 287,616 244,116 220,,525 23,591
Total Physical Environment 720,070 -9-4-1,240 593,434 ................... 47,806
The notes tothe financial statements are an integral part of these statements,, (Continued)
C 17
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
UNINCORPORATED AREA SERVICE DISTRICT - PLANNING,
BUILDING AND ZONING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL ® CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Total Expenditures 8,762,807 8,950,547 8,388,199 562,34,8
Excess/Deficiency of Revenues
Over/(Under) Expenditures ,4�37,254J5�124,9�94JL335,088 2,789,906
Other Financing Sources/(Uses):
Reserve for Contingencies (645,073) (25,015) - 25,015
Transfers from Other Funds 15,147 15,147
Transfers to Other Funds 205,0001_111237,31 1,16�7,7 9�9 69,520
Total Other Financing Sources/(Uses) (1,522L073 262,334 152,652 109,682
Net Change in Fund Balances (4,987,32-7) (6,387,328) (3,487,740) 2,899,588
Fund Balances, October 1 8,960,903 8,960,903 8,960,903 -
Fund Balances, September 30 $ 3,973,576 $ 2,573,575 $ 5,473,163 2,899,588
The notes to the financial statements are an integral part of these staternents.
C-1 8
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUN[
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES Ih
FUND BALANCES -BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Intergovernmental $ 2,680,000 $ 2,680,000 $ 3,150,766 $ 470,766
Mortgage receivable receipts 700,000 700,000 700,000 -
Investment Income 100,000 100,000 262,715 162,715
Total Revenues 3,480,000 3_,480,000 4,113,481 633,481
EXPENDITURES:
Current:
General Government:
Administrative 307,50�0 307,500 237,433 70,067
Total General Government 307,500 307,500 237,433 70T,_067
Capital Outlay:
Land and Land Rights Acquisition 111,519,347 11,519,347 6,46-7,615 5,051,732
Total Expenditures 11,826,84.7 11,826,847 6,705,048 5,121,799
Net Change in Fund Balances (�346,�847 (8,346,847) 15�91,567 5,755,280
Fund Balances, October 1 10,824,945 10,824,945 10,,824,945 -
Fund Balances, September 30 $ 2,478,098 $ 2,478,098 $ 8,233,378 $ 5,755,280
The notes to the financial statements are an integral part of these statements,
C-1 9
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
SEPTEMBER 30, 2005
Business-type Activities rater rise Funds
M or Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport,
ASSETS
Current Assets:
Cash and Cash Equivalents $ 10,343,765 $ 9,645,894 $ 2,244,262
Accounts Receivable, Net 398,092 - 291,811
Due from Other.Funds 4,052
Due from Other Governmental Units 40,910 3,373,884
Due from Constitutional Officers 4,521 1,885
Total Current Assets 10,791,340 9_,645,894 5,911,842
Noncurrent Assets"
Restricted Cash and as Equivalents 1,708,171 3,238,931
Deferred Charges, Net 209,958 - -
Land and Other Nondepreciable Assets 3,629,620 50,000 6,601,533
Capital Assets, Net of Accum. Depreciation 120,802 5,575,566 16,035,987
Total Noncurrent Assets 5,479,551 5,625,566 25,876,451
Total Assets '16,270,891 1!1 5,271,460 31,7'88,293
LIABILITIES
Current Liabilities",
Accounts Payable 1,840,482 5,332 1,067,979
Retainage Payable - 390,364
Accrued Wages and Benefits Payable 19,075 11,064 29,057
Claims and Judgements Payable 129,632
Due to Other Funds 466,721 244,816 161,838
Due to Other,Governmental its 29,169 1,494 25,993
Due to Constitutional Officers 1,577 1,274,254
Accrued Interest Payable 57,925 - -
Accrued Comp. Absences Payable 8,134 - -
Capital Leases Payable 50,000 - -
Other Current Liabilities 4,817 - -
Deposits in Escrow 170,696 - 38,084
Unearned Revenue - - -
Notes Payable 416,935 -
Total Current Liabilities 3,193,586 264,283 2,987,569
The notes to the financial statements are an integral part of these statements.
C-20
Governmental
a"or Fends Activities
Internal
Marathon Service
Airport Total Funds
$ 570,216 $ 22,804,137 $ 22,552,621
38,961 728,864 18,721
4,052 1,473
411,487 3,826,281 244,852
- 6,406 174,9301
1,020,664 27,369,740 22,992,597
4,947,102 -
- 20,958 -
1,138,279 11,419,4-32 54,000
11,553,167 33,285,522 1,318,594
12,691,446 49,673,014 1,372,594
13,712,110 77,0142,754 24,365,191
148,613 3,062,406 313,176
22,991 413,355 -
5,789 64,985 32,091
- 129,632 6,329,650
100,826 974,201 451,585
7,296 63,952 35,720
- 1,275,831 -
57,925 -
8,134 6,091
50,000 -
- 4,817 7,135
6,921 215,701 -
2 293
- 416,9,35 -
292,729 6,738,167 7,175,448
(Coma ued)
C-21
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF NET ASSETS - CONTINUED
PROPRIETARY FUNDS
SEPT EMBER 30, 2005
Business-type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Ai ort�-
Noncurrent Liabilities-.
Payable from restricted assets-Landfill
closure/post closure costs 368,240
Accrued Comp. Absences Payable 112,110 42,542 125,749
Capital Leases Payable 867,270 - -
Notes Payable 2,854,611 - -
Tot I Noncurrent Liabilities 4,202,231 42,542 125,749
Total Liabilities 7,395,817 306,825 3,113,318
NET ASSETS
Invested in Capital Assets, Net of Related Debt (438,394) 5,625,566 22,637,520
Restricted 1,708,171 - 3,238,931
Unrestricted 7,605,297 9,339,069 2,798,,524
Total Net Assets $ 8,875,074 $ 14,964,635 $ 28,674,,975
The notes to the -financial statements are an integral pain of these statements.
C-22
Governmental
awy�ar F�nci Activities
Internal
Marathon Service
fir rtTotal Funds
- 368,240 -
10,01 29 ,402 100,412
7,27 -
- 2,854,611 -
1' ,001 4,383,553 100,412
05,760 11,121,720 7,275,860
12,691,446 40,516,138 1,372,594
- 4,947,102
714,904 20,457,794 15,716,737
19,406, 50 $ 65,921,034 $ 17,089,331
-2
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Business-type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
Operating Revenues:
Franchise Fees $ 222,551
Charges for Services 14,144,306 1,221,864 4,259,524
Fines and Forfeitures - - 11,063
Miscellaneous 18,280 330 96,665
Total Operating Revenues 14,385,137 1,222,194 4,367_,252
Operating Expenses:
Personnel Services 779,658 546,610 1,202,138
Operations 13,334,175 159,459 7,189,076
Depreciation and Amortization 49,445 218,050 '795,169
Asserted and Paid Claims - -
Total Operating Expenses 14,163,278 924,119 9,18,6,383
Operating Income/(Loss) 221,859 298,075 ___(j,819,131J
Nonoperating Revenues/(Expenses):
Operating Grants 191,176 - 5,14.6,,863
Grant and Donations Other,Sources 50,466 - -
Investment Income 353,818 250,648 116,324
Gain (I...oss) on Disposition of Assets (1,409) (1,,525) (4,810)
Interest Expenses and Fiscal Charges (136,825J' -
Total Non-Operating
Revenues/(Expenses) 457,226 249,123 5,258,377
Incomel(Loss) Before
Contributions and Transfers 679,085 547,198 439,246
..........
Transfers from Other Funds - - -
Transfers to Other Funds (466,721) (24,4,549) (183,988)
Capital Grants and Contributions - 96,760 4,566,504,
Change in Net Assets 2,12,364 399,409 4,821,762
Total Net Assets-October 1 8,662,710 14,,565,226 23,853,213
Total Net Assets-September 30 $ 8,875,074 $ 14,964,635 $ 28,674,975
The notes to the financial statements are an integral part of these statements,
C-24.
Governmental
—Major Funds Activities
Internal
Marathon Service
Airport Total Funds
$ - $ 222,551 $ -
668,597 20,294,291 20,810,676
11,063 -
651 115,926 517,144
669,248 20,643,831 21,327,820
218,511 2,746,917 1,324,796
619,038 21,301,748 3,731,215
490,263 1,552,927 79,507
- 12,103,683
1,327,812 25,601,592 17,239,201
(658,564) (4,957,761) 4,088,,619
284,544 5,622,583
3,075 53,541 -
21,671 742,461 504,615
(1,261) (9,005) (22,336)
- (136,825) -
308,029 6,272,755 482,279
(350,535) . 1,314,994 4,570,898 .
22,150 22,150 1,473
(100,826) (996,084) (445,500)
253,365 4,916,629 1,,223
(175,8,46) 5,257,689 4,128,094
13,582,196 60,663,345 12,961,237
13,406,350 $ 65,921,034 $ 17,089,331
C-25
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FORT YEAR ENDED SEPTEMBER 30, 2005
Business-type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste ridge Airport
Operating Activities:
Cash received for services $ 14,880,868 $ 1,228,312 $ 4,385,090
Cash rec'vd from other funds for goods and svcs - -
Cash payments to suppliers for goods and svcs (12,411,897) (845,775) (6,,338,063)
Cash payments to employees for services (575,441) (466,057) (882,671)
Cash payments to other funds (331,313) (176,782) (269,866)
Other operating revenue 18,746 330 96,665
Net Cash Provided by/(Used in)
Operating Activities 1,580,963 J2_59,972 (3,008,845
Noncapital Financing Activities:
Operating grants received 191,176 5,337,207
Transfers from other funds -
Transfers to other funds - -
Net Cash Provided/(Used) by Noncapital
Financing Activities 191,176 - 5,337,207
Capital and Related Financing Activities:
Proceeds from capital grants - 1,530,842 3,892,670
Acquisition of capital assets (12,294.) (204,649) (5,474,839)
Principal paid on capital debt (402,494)
Interest paid on capital debt (144,046)
Proceeds from sale of capital assets -
Net Cash Provided/(Used) by Capital and
Related Financing Activities 1,326,193 (1,582,169)
Investing Activities:
Investment income 353,818 250,648 116,324
Net Cash Provided/(Used) in Investing Activities 353,816 -250,648 11-6,324
Net Increase/(Decrease) in Cash and
Cash Equivalents 1,567,123 1,316,869 862,517
Cash and Cash Equivalents:
October 1 10,484,813 8,329,025 4,620,676
September 30 $ 12,051,936 $ 9,645,894 $ 5,483,193
1 he notes to the financial statements are an integral part of these statements.
C-26
Governmental
Major Funds Activities
Internal
Marathon Service
Airport Total Funds
$ 696,670 $ 21,190,940 $ 5,080,331
- - 15,636,128
(499,187) (20,094,922) (15,301,548)
(179,997) (2,104,166) (1,013,517)
(87,638) (865,599) (278,127)
651 116,392 556,534
(69,501) (1,757,355) 4,679,801
75,021 5,603,404 -
22,150 22,150 1,473
97,171 5,625,554 1,473
159,026 5,582,538 -
(258,599) (5,950,381) (31,273)
(402,494)
(144,046) -
- - 1,024
(99,573) (914,383) (30,249)
21,671 742,461 504,615
21,671 742,461 504,615
(50,232) 3,696,277 5,155,640
620,448 24,054,962 17,396,981
$ 570,216 $ 27,7512239 $ 22
,552,621
(Continued)
C-27
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF CASH FLOWS-CONTINUED
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Business-type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
Reconciliation of operating income/(loss)
to net cash provided by/(used in) operating
activities:
Operating income/(loss) $ 221,859 $ 298,075 -L--(-4�119'1�31
Adjustments to reconcile operating income/(loss)
to net cash provided by/(used in) operating
activities:
Depreciation and Amortization 49,445 218,050 795,169
Change in Assets and Liabilities:
Increase/(Decrease) in Accounts receivable 7,245 6,748 114,184
Increase/(Decrease) in Due from other funds 15,156 -
Increase/(Decrease) in Due from other govt units 518,261 -
Increase/(Decrease) in Due fm constitutional ofcrs (151) 319
Increase/(Decrease) in Accounts payable 896,655 (745,926) 52,915
Increase/(Decrease) in Accrued wages/benefits (21,848) (22,34-7) (45,238)
Increase/(Decrease) in Claims/judgments payable a -
Increase/(Decrease) in Due to other funds w 16 (27,,800)
Increase/(Decrease) in Due to other goVt units (57,922) 713 11,225
Increase/(Decrease) in Due to constitutional ofcrs (1,626) 910,618
Increase/(Decrease) in Comp.absences payable (15,116) (13,375) (1,106)
Increase/(Decrease) in Other current liabilifties (443) -
Increase/(Decrease) in Deposits in escrow (26,500) (300)
Increase./(Decrease) in Landfill Closure Costs 5,678 -
Tot l adjustments 1,359,104 �O4 7 -1,810,286
Net Cash Provided byl(Used in)
Operating Activities $ 1,580,963 �59,97�2 _LJ1,008,845
Noncash investing, capital, and financing activities:
Contribution of capital assets from govt $ 466 $
Loss on disposition of assets _(1_,409) =�1,�525 810)
Forgiveness of capital lease amount $ 50970U- 7 -
Cash Reconciliation.
Unrestricted $ 10,343,765 $ 9,645,894 $ 2,24,4,262
Restricted 11,708,1711 - 3,238,931
Total $ 12,051,936 $ 9,645,,894 $ 5,483,193
The notes to the financial statements are an initegral part of -these statements,
C...28
Governmental
—Miiiiiiiiiajar Funds Activities
Internal
Marathon Service
Airport Total— Funds
656,564) (4,957,761) 4,088,619
490,263 1,552,927 79,5'07
22,423 150,600 39,573
5,650 20,606 (1,473)
® 518,261 (125,282)
® 168 46,109
105,550 309,194 62,900
(5,443) (94„676) (43,288)
- 520,146
( (28,184) 5,665
(1,541) ( 7,525) 35,661
® 908,992 (13,754)
(27,439) ( 7// y
,036) (35,096)
t
® 494
(26,800)
® (5,676
569,063 3,200,406 591,182
(69„501) (1,757,355) 4,679,301
3,075 $ 3,541 $ 1,223_
(1,261) 9,005) (23,360)
570,216 22,604,137 22,552,621
® 4,947,102 -
570,216 27,751,239 221.552,621
C-29
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
SEPTEMBER 30, 2005
Fire and
EMS
Pension
Trust Fund
ASSETS
Cash and Cash Equivalents $ 640,215
Total Assets 640,215
LIABILITIES
Accounts Payable 4,200
Total liabilities 4 %
NET ASSETS
Held in Trust for Pension Benefits and Other Purposes 636,015
Total Net Assets $ 636,015
The notes to the financial statements are an integral part of these statements.
C-30
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Fire and
EMS
Pension
Trust Fund
Additions:
Employer Contributions $ 58,904
Investment Income 16,271
Total Additions 75,175
Deductions:
Administration (8,400)
Change in Net Assets 66,775
Total Net Assets- October 1 569,240
Total Net Assets- September 30 $ 636,015
The notes to the financial statements are an integral part of these statements.
C-31
NOTES TO FINANCIAL STATEMENTS
MONROE COUNTY, FLORIDA
BOARD F COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following summary of the more significant accounting policies of the Monroe County, Florida Board
of County Commissioners (Board) is presented to assist the reader in interpreting these financial
statements and should be viewed as an integral part of this report.
Reporting Entity - Monroe County (County) is a Non-Charter County established as provided by Article
VIII Section 1 of the Florida Constitution and Section 125 of the Florida Statutes. The primary
government of the County is comprised of the Board of County Commissioners and five "constitutional
officers" as follows: Clerk of Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax
Collector.
Entity status for financial reporting purposes is governed by Statement No. 14 of the Governmental
Accounting Standards Board (GASB) and Rules of the Auditor General, State of Florida. The GASB is
the standard-setting body for the establishment of accounting principles generally accepted in the
United States of America (GAAP) for governmental entities. The financial statements of the Board,
when combined with all of its blended component units and the constitutional officers, constitute the
"primary government" of Monroe County according to GAAP. The primary government, together with
the Board's discretely-presented component unit, constitutes the complete GAAP basis financial
reporting entity of the County which is presented in the Monroe County, Florida Comprehensive Annual
Financial Report.
These financial statements include all funds of the Board and its "blended" and "discrete" component
units, if material. "Component units" are legally separate entities for which operational or financial
responsibility rests with the Board or for which the nature and significance of their relationship to the
Board is such that exclusion would cause the financial statements to be misleading or incomplete.
Since this report excludes the constitutional officers, these Board financial statements do not purport to
reflect the financial position or the results of operations of Monroe County, Florida taken as a whole.
Rather, they have been prepared to provide information at this level of detail greater than what is
available in the County's financial statements.
The Board of County Commissioners, composed of five members, is the legislative body for Monroe
County and as such budgets and provides funding used by the separate Constitutional Offices with the
exception of fees collected by the Clerk of Circuit Court and the Tax Collector. Under the direction of
the Clerk of Circuit Court, the Monroe County Finance Department maintains the accounting system for
the Board's operations, but excluding those of the Property Appraiser, Sheriff, Tax Collector, Clerk of
the Circuit Court and Supervisor of Elections, each of which maintains its own accounting system.
Services provided by the Board 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.
D-1
I
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Forte Year Ended September 30, 2005
NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Blended component units are legally separate entities that are in substance part of the Board's
operation, as they either have governing bodies that are substantively the same as the Board or they
provide it services exclusively or almost exclusively to the Board. The financial transactions of the
component unit are merged in with similar transactions of the Board as part oft primary government.,
The blended component units of the Board are as follows:
Monroe Coun Florida Com rehensive Flan Land Authorit MC - The MCLA was created by
Monroe County, Florida Ordinance 031-1986 pursuant to Florida Statute 380 and is considered a
legally separate entity from Monroe County. Its purpose is to operate a land acquisition program
in Monroe County, to implement the Monroe County Comprehensive Plan and address issues
created by it. The Monroe County Board of County Commissioners serves as the governing
board and is able to impose its will. Therefore, the MCLA, for financial reporting purposes, is
considered a blended component unit of Monroe County, Florida and is presented as a special
revenue fund oft Board and the County. Complete financial statements for MCLA can be
obtained from MCLA's administrative office at 1200 Truman Avenue, Ste. 207, Key West, Florida
33040.
Monroe - The MCIDA was created by Monroe
County, Florida Resolution pursuant to Florida Statute 159. The MCIDA serves to assist in
financing and refinancing capital projects, which will foster economic development in the County.
The Monroe County Board of County Commissioners serves as the governing board and is able
to impose its will. Therefore, the MCIDA for financial reporting purposes, is considered a blended
component unit of Monroe County, Florida. The MCIDA is not legally required to adopt a budget;
however, the Board must authorize the issuance of bonded debt. Neither the MCIDA nor the
Board has any legal obligation for repayment of the revenue bonds oft MCIDA. As an issuer of
"conduit" debt obligations, the MCIDA has no assets or liabilities.
Discretely-presented component units are legally, separate entitiies, which do not meet the criteria for
blending. The Monroe County Housing Finance Authority (Authority) qualifies as a discretely presented
component unit of the Board, but is immaterial tote Board and has been excluded from these
statements. Following is a description ofthe Authority;
Monroe County Housing Finance Autho - The legal authority by which the Authority was
created is Section 159.604 of the Florida Statutes and Monroe County, Florida Ordinance 1019-
1979. This Authority serves to finance dwelling accommodations for low, moderate, and middle
income persons in Monroe County. Its five-member board is appointed by the Board of County,
Commissioners,. There is no budget approval required by the Board, although there is an
approval requirement for any bonded debt issuance. The Board has no obligation to pay the
outstanding debt of the Authority; however, it does have the power to remove an Authority board
member without cause. Complete financial statements for MCHFA can be obtained from
MCHFA's administrative off ice at 1400 Kennedy Drive, Key West, Flloricla 33040.
D-2
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Basis of Presentation:
Fund Financial Statementsm The fund financial statements provide information about the Board's funds,
including its fiduciary fund and blended component unit. Separate statements for each fund category—
govemmental, pfopfietary, and fiduct'ary—are presented. The emphasis of fund financial statements is
on major governmental and enterprise funds, each displayed in a separate column. All remammg
governmental and enterprise funds are aggregated and reported as no,nmajor funds.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions
associated with the principal activity of the fund. Exchange transactions are those in which each party
receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and
investment earnings, result from non-exchange transactions or ancillary activities.
The following are reported as major governmental funds:
General Fund - The General Fund is the general operating fund of the Board. All general tax
revenues an other receipts that are not required either legally or by accounting principles
generally accepted in the United States of America to be accounted for in other funds are
accounted for in the General Fund.
Fine and Forfeiture REcial Revenue Fund -The Fine and Forfeiture Fund is used to account for
revenues received from fines and forfeitures imposed from the commission of statutory
offenses, ad valorem taxes that are transferred to the Sheriff and to account for operations of
the County's court support system.
Road and lurid S ecial Revenue Fund- "The Road and Bridge Fund is used to account for all
R_
revenues, operating expenditures and capital improvements for the construction and
maintenance of roads and bridges which are not grant funded.
Governmental The Governmental Grant Fund is used to
account for operating revenues and expenditures for all governmental activity of federal and
state grants.
Uninco orated Area Service District — Plan n
The Unincorporated Area Service District Fund is used to account for all revenues and
expenditures for planning, building and zoning services provided only to the unincorporated
area of the County.
nue Fund — The Comprehensive Plan Land
Authority and is used to account for the IVICLA_
One Cent Infrastructure Surtax Ca - The One Cent Infrastructure Surtax Fund
is used to account for capital improvements funded by the One Cent Infrastructure Surtax.
D-3
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I ® SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Infrastructure Sales Surtax Revenue Bonds, Series 2003 Capital Proiect Fund — The
Infrastructure Sales Surtax Revenue Bonds, Series 2003 Capital Project Fund is used to
account for the proceeds ofthis bond issue.,
The following are reported as major enterprise funds-.
Municipal Service District-Waste - The Municipal Service District-Waste Fund is used to account
for the operations of solid waste collection, disposal and recycling activities, as well as the
closure and Post Closure of the landfills.
Card Sound Bridge ® The Card Sound Bridge Fund is used to account for the operations of
Monroe County's Car d Sound Toll Bridge.
Key West Airport - The Key West Airport and is used to account for the operations of Monroe
County's Key West International Airport.
Marathon Airport, - The Marathon Airport, Fund is used to account for the operations of Monroe
County's Marathon Airport.
The Board also reports the following fund types:
Internal Service Funds - Internal service funds are used to account forte financing of workers
compensation insurance, health insurance, general liability insurance and fleet maintenance
services provided by one department to other departments oft Board or to other
governmental units on a cost reimbursement basis.
Pension Trust Fund -The pension trust fund is used to account for assets held by the Board in a
trustee capacity for a volunteer fire fighters and emergency services length of service award
plan.
Measurement Focus and Basis of Accounting A_
Governmental fund financial statements are a current financial resources measurement focus, and are
maintained on the modified accrual basis of accounting. Revenues are recognized when they become
susceptible to accrual, is, when they become both "measurable" and "available to finance
expenditures of the current period." The Board considers amounts collected within 60 days after year-
end to be available and thus recognizes them as revenues of the current year, except for property taxes
since such taxes are collected to finance expenditures of the subsequent period. Expenditures are
recognized in the accounting period in which the related fund liability is incurred, if measurable.
Principal and interest on general long-term debt are recorded as fund liabilities when due or when
amounts have been accumulated in the debt service funds for payments to be made early in the
following year.,
ID 4
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Revenues of the Board, which are susceptible to accrual under the modified accrual basis of
accounting, include gas taxes, interest revenue, and charges for services. In applying the
susceptibility-to-accrual concept to intergovernmental revenues, the legal and contractual requirements
of the numerous individual programs are used as guidance. There are, however, essentially two types
of these revenues. In one, monies must be expended for the specific purpose or project before any
amounts will be paid to the Board; therefore, revenues are recognized based upon the expenditures
recorded. In the other, monies are virtually unrestricted as to purpose of expenditure and substantially
irrevocable; i.e., revocable only for failure to comply with prescribed compliance requirements, such as
with equal employment opportunity. These resources are reflected as revenues at the time of receipt or
earlier if they meet the availability criterion.
The proprietary fund and pension trust fund financial statements use a flow of economic resources
measurement focus and the accrual basis of accounting. Revenues are recognized when earned and
expenses are recognized when incurred, regardless of when the related cash flows take place. Non-
exchange transactions, in which the Board gives (or receives) value without directly receiving (or giving)
equal value in exchange, include property taxes, grants, entitlements, and donations. On an accrual
basis, revenue from grants, entitlements, and donations is recognized in the fiscal year in which all
eligibility requirements have been satisfied.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of
the Board's enterprise funds are charges to customers for sales and services. Operating expenses for
enterprise funds include the cost of sales and services, administrative expenses, and depreciation on
capital assets. All revenues and expenses not meeting this definition are reported as nonoperating
revenues and expenses.
Under the terms of the grant agreements, the Board funds certain programs by a combination of
specific cost-reimbursement grants, categorical block grants, and general revenues. Thus when
program expenses are incurred, there are both restricted and unrestricted net assets available to
finance the program. It is the Board's policy to first apply cost-reimbursement grant resources to such
programs, followed by categorical block grants, and then by general revenues.
GASB Statement No. 20 Election - Pursuant to the election option made available by GAS B Statement
No. 20, pronouncements of the Financial Accounting Standards Board (FASB) issued after November
30,1989 are not applied in the preparation of the Board's enterprise fund financial statements.
Budaets and Budgetary Data - The following are the statutory procedures followed by the Board of
County Commissioners in establishing the budget for Monroe County.
1 On or before June 1 of each year the Sheriff, the Clerk of the Circuit Court, the Tax Collector,
and the Supervisor of Elections shall each submit to the Board a tentative budget for their
respective offices for the ensuing fiscal year.
D-5
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
2) Within fifteen days after certification of the ad valorern 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 tote public. Public hearings are held to
obtain taxpayer comments.
4) Fifteen days after adoption of the tentative budget, a final budget is submitted for review and
adoption at a final public hearing.
5) Prior to, or on September 30, the Board's budget is legally enacted through passage of a
resolution. Accordingly all fund types have an adopted budget as required by Florida Statute
129.03. All funds have legally adopted budgets, except for the Law Library, Impact Fees-Fair
Share Housing Special Revenue Fund, and the Stock Island Wastewater Special Revenue Fund.
6) During the year, the Office of Management and Budget acts on intradepartmental budget
changes that do not alter the total revenue or expenditures budgeted to a cost center. A cost
center represents a particular area of Board operations or a department. All other budget
changes (whether they are transfers between cost centers or alterations of total revenues and
expenditures in a fund) are approved by the Board. Supplemental appropriations were
necessary and the budgetary data presented herein was amended by the Board during the year.
7) Florida Statute 129, Section 7, as amended in 1978, provides that only expenditures in excess of
total fund budgets are unlawful. However, because the Board acts on all budget changes
between cost centers, this becomes the level of control.
8) Budgeted to Actual Expenditure reports are employed as a management control device during the
year for all fund-types.
9) Budgets for all funds are adopted on a basis consistent with accounting principles generally
accepted in the United States of America (GAA,P) for that fund type, except for mortgage loans
made by the governmental funds. The budget fort Comprehensive Plan Land Authority
Special Revenue and is prepared on a basis consistent with accounting principles generally
accepted in the United States of America, except that $700,000 of mortgage receipts are
budgeted as operating activities and $26,731 of compensation accruals are not budgeted.
10) All appropriations lapse at year-end.
Encumbrances - Encumbrance accounfirig, under which purchase orders, contracts, and other
commitments for the expenditure of moneys are recorded as a reservation of budget, is employed as
an extension, of the sta,tutoiriiy required budgetary process. Under Florida Statutes, appropriations,
even if encumbered, lapse at fiscal year end. Encumbrances outstanding at September 30, 2005,
represented by purchase orders and other executory contracts, were approximately $281,005. It is the
Board's intention to Substantially honor these encumbrances under authority provided in the
subsequent year's budget,
ID-6
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes TO Financial Statements
For the Year Ended September 3O. 2OO5
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Cash and Cash Eauivalents — Cash b@|anoGe from the majority of funds are pooled for investment
purposes. E@MljngG from such investments are @||oo@1gd to the respective funds based on applicable
o@ah participation by each fund. The iDv8GtnnGDt pools are managed such that all participating funds
have the ability to deposit and withdraw cash as if they were demand deposit a000untG, and therefore
all ba(@no8G representing participants' equity in the investment pools are classified aacash equivalents
for purposes of these statements. For investments, which are held separately from the pools, those,
which are highly liquid (including restricted @GS8tS) with an O[igiD8| or n8nO8iOiDg maturity of 90 days or
|8s8, are considered to be cash equivalents.
- Florida Statute 218.415 authorizes local governments to invest its funds pursuant to @
written iOV8stOn8Dt p|@n. which a||OYvG iDV8GtDO8Dt Of SU[p|US funds in the fO||OYViOg investments as
outlined in the Board's Investment Policy (Policy):
a> The Florida Local Government Surplus Funds Trust Fund Investment Poo/ (SBA).
b\ United St@18a Government Securities — Negotiable direct obligations, or obligations the
principal and in18naSt of which are unconditionally guaranteed by the United States
Government.
C) United Ste18o Government AgenDieG — Bonda' dabenture8, nOteG, c@||ab|8G and fixed rate
mortgage-backed securities issued Or guaranteed by United States Government
Agencies, provided such obligations are backed by the full faith and credit of the United
States.
d) Federal Instrumentalities (United States Government-sponsored eQanCi88) — senior
obligations, which include bondG, d8b8ntures, notes, o@||ab|8S and fixed n8t8 mortgage-
backed G8Curid88 issued or guaranteed by United States govern mant-aponsored
agencies (Federal Instrumentalities). These are limited to the following:
° Federal Farm Credit Bank (FFCB)
• Federal Home Loan Bank or its County banks (FHLB)
° Federal National Mortgage Association (FNMA)
• Federal Home Loan N1OrtQ@gG Corporations (Freddie-Macs) including Federal
Home Loan Mortgage Corporation participation certificates.
a) Interest-bearing Time Deposit or Savings ACoOunt — Non-negotiable interest-bearing time
certificates of deposit Or savings accounts in financial institutions organized under the
/@vvG of this state and/Or in national financial institutions organized under the |avva of the
United States and doing business and situated in the State Of Florida, provided that any
such deposits are secured by the Florida Security for Public Deposits Aot, Chapter 280'
Florida Statutes. AdditiODaUV, the fiD@DCial institution shall not be listed with any
recognized credit watch information service.
f) Registered Investment Companies (Money Market Mutual Funds) — Shares in open-end
and OO-|O8d W1OO8y Market K8UtU@/ Funds provided such funds are [8giG18nBd under the
Federal Investment Company Act of 1940 and operate in accordance with 17 C.F.R.
270.2@-7. which stipulates that money market funds must have an average weighted
maturity of 80 days or less. In addition, the share value Of the money market funds must
equal to $1.00.
g) Intergovernmental Investment Pool — Intergovernmental Investment Pools that are
authorized pursuant to the Florida jntgr|ooa| Cooperation A(t, as provided in Section
163.01. Florida Statutes.
D-7
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September,30, 2005
NOTE I ® SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Board invests funds throughout the year in the Local Government Surplus Funds Trust Fund, an
investment pool administered by the State Board of Administration of Florida, and U.S. government
agencies. All investments are stated at fair value. Investments in the Local Government Surplus
Funds Trust Fund Investment Pool, which is an external 2a7-like investment, pool, are stated at share
price, which is substantially,the same as fair value.
Accounts Receivable - Amounts due from private individuals, organizations, or other governments,
is pertain to charges for services rendered by Board departments are reported as accounts
receivable. Receivables are reviewed periodically to establish or update the provisions for uncollectible
amounts. These provisions are estimated based on an analysis oft age of the various accounts.
Interfund Balances and_Ag Activity - During the course of normal operations, the Board has numerous
transactions between funds. Examples of these transactions include providing services, constructing
assets or servicing debt. These transactions are generally recorded as interfund transfers, except for
internal service fund charges, which are reflected as revenues to internal service funds and expenses
to expenditures tot funds receiving the services. Additionally, short-term interfund loans are
recorded from time to time as cash to needs arise. As of fiscal year-end, any unpaid amounts related
to these transactions are reported as "due from of funds" or "due to other funds"' on the fund
financial statements. Interfund loans not expected to be repaid within one year are reported as
advances. In governmental funds, advances, if any, are offset equally by a fund balance reserve,
which indicates that they do not constitute expendable available financial resources and, therefore, are
not available for appropriation.
Inventory — Inventory in the General Fund consists of certain supplies, is are stated at cost using
the moving average cost method. The inventory, is determined by an annual physical count. No
reserve has been established within the General Fund balance as the consumption method is used to
account fort is inventory.
Capital Assets ® Capital assets oft Board include property, buildings, equipment, and infrastructure
assets (e.g. roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting
systems). Constructed or purchased assets are recorded at historical or estimated historical cost at the
time of purchase. Donated assets are recorded at estimated it market value at the date of donation.
Capital assets associated with business-ty, pe activities and the internal service funds are presented in
the Board's basic financial statements. Capital assets associated with the Board's governmental
activities are presented on the government-wide financial statements oft County, rather than on the
financial statements of the Board.
In accordance with GASB Statement No. 34, an extended period of deferral until September 30, 2006
fiscal year end is available before the Board's infrastructure assets acquired prior to October 1, 2001
are required to be reported on the government-wide financial statements oft County. The County
has elected to defer reporting of certain governmental infrastructure assets acquired prior to October 1,
1.
D-8
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Pursuant to changes in Florida Statute 274.02, the Board adopted by resolution a change in the
capitalization threshold for additions to equipment to $1,000 from $750. The net book value of the
write-offs totaled approximately $127,000 and are reported as deletions in FY 2005. Buildings are
capitalized when the value is $15,000 or greater. Public domain and system infrastructure assets
represent major expenditures for such items as roads, water and sewer treatment plants and lines,
landfill improvements, parks and drainage systems. Additions and improvements for roads, water,
sewer, landfill and drainage infrastructure are capitalized when the cost amounts to $250,000 while
park additions and improvements are capitalized at $25,000.
Depreciation has been provided using the straight-line method. The estimated useful lives of the
various classes of depreciable capital assets are as follows:
Life—Years
Buildings 10-50
Equipment 5-10
System infrastructure 10-50
Public domain infrastructure 20-50
Capacity rights 99
Restricted Assets - The use of certain assets of enterprise funds is restricted by specific provisions of
bond resolutions and agreements with various parties. Assets so designated are identified as restricted
assets on the balance sheet. When both restricted and unrestricted resources are available for use,
the Board's policy is to use restricted resources first, and then unrestricted resources, as they are
needed.
YI Inamortized Issue Expense — Unamortized issue expense of the enterprise funds is reported as a
-
deferred charge and is amortized by using the straight-line method over the life of the debt.
Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due
and payable on November 1 st of each year. A four percent discount is allowed if the taxes are paid in
November, with the discount declining by one percent each month thereafter. 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 2005 is included in the accompanying financial statements, since such
taxes are collected to finance expenditures of the subsequent period.
Compensated — Board policy permits employees to accumulate a limited amount of annual
and sick leave, which will be paid to employees upon termination of employment. Accumulated annual
and sick leave is accrued when incurred in the proprietary fund financial statements. For the
proprietary funds, an expense and a liability are recorded as the leave is earned. Compensated
absences associated with the Board's governmental activities are presented on the government-wide
financial statements of the County, rather than on the financial statements of the Board.
Landfill Closure Costs - Under the terms of current state and federal regulations, the Board is required
to place a final cover on closed landfill areas, and to perform certain monitoring and maintenance
functions for a period of up to 30 years after closure. In accordance with GASB Statement No. 18, the
Board is recognizing these costs of closure and postclosure maintenance over the active life of each
landfill area, based on landfill capacity used during the period. Required obligations for these costs are
recognized in the Municipal Service District-Waste enterprise fund for public landfill operations.
D-9
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Deferred Revenue - Deferred revenues include amounts collected before revenue recognition criteria
are met. In the governmental fund statements, amounts associated with receivables which, under the
modified accrual basis of accounting, are measurable but not yet available are reported as deferred
revenues. The deferred items of the Board consist primarily of contracts for providing services in the
-future and grant funds received in advance of expenditures.
Long-Term Debt— In the proprietary fund financial statements of the Board, long-term debt is reported
as a liability in the proprietary fund statement of net assets. Long-term debt associated with the
Board's governmental activities is presented on the government-wide financial statements of the
County, rather than on the financial statements of the Board. In the Board's governmental fund
financial statements, the face amount of debt issued is reported as another financing source, while
principal payments are reported as expenditures.
Use of Estimates - The presentation of financial statements in conformity with accounting principles
generally accepted in the United States of America, as applicable to governmental units, requires
management to make use of estimates that affect the reported amounts in the financial statements.
Actual results could differ from estimates.
Reclassifications ® Certain amounts presented in the prior year's data have been reclassified to be
consistent with the current year's presentation.
Net Assets® Net assets in the proprietary fund financial statements are classified as invested in capital
assets, net of related is restricted; and unrestricted. Restricted net assets represent constraints on
resources that are either externally imposed by creditors, grantors, contributors, or laws or regulations
of of governments or imposed by law through state statute.
Fund Balances — In the governmental fund financial statements, reservations or restrictions of fund
balance represent amounts that are not appropriable or are legally segregated for a specific purpose.
Designations of fund balance represent tentative management plans that are subject to change.
The governmental fund types classify fund balances as follows::
Reserved
Reserved for Encumbrances - portion of fund balance available to pay for any commitments
related to purchase orders and contracts that remain unperformed at year-end.
Reserved for Land Acquisition — portion of the Comprehensive Plan Land Authority fund
balance restricted for land acquisition.
Reserved for Mortgage Loans — portion of fund balance offsetting mortgages receivable for the
Comprehensive Plan Land Authority Special Revenue Fund because they are not available
spendable resources.
D-1 0
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Unreserved
Designated for Special Revenue — portion of fund balance is designated by the Board in the
Tourist Development Fund District I for beach nourishment projects,
Undesignated - portion of total fund balance available for appropriation that is uncommitted at
year-end.
NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS
The Board maintains a cash and investment pool that is available for use by all funds except those
whose cash and investments must be segregated due to on covenants or other legal restrictions. As
of September 30, 2005, the carrying value of the Board's deposits and investments with their respective
credit ratings, was as follows:
Credit Less than 6 months
investment Type Latin Fair Value..-- 6 months to' year 1 to 3 years
Demand and time Deposits N/A $ 9,183,173 $ 9,183,173 $ $
Local Government Surplus Funds
Trust Fund Unrated 151,404,640 151,404,640
U.S. Government Treasuries N/A 1,998,046 - 1,998,046
Federal instrumentalities-Discount
notes A-1+ 9,969,351 9,969,351
Federal instrumentalities-Notes and
Bonds AAA 34,567,303 10,463,481 8,022,164 16,0151,658
Total fair value --i--207,122,513 $ 181,020,645 $ 8,022,164 $ 18,079,704
Credit Risk — The Board's Investment Policy (Policy) limits credit risk by restricting authorized
investments to the following; Florida, Local Government Surplus Funds Trust Fund Investment Pool
administered by Florida's State Board of Administration (a 2a7-like pool), direct obligations of the
United States or its agencies and instrumentalities, money market mutual funds, and Intergovernmental
Investment Pools authorized by the Florida Statutes, The Policy requires that investments in federal
instrumentality debt be guaranteed by the full faith and credit of the U.S. Government sponsored
agency, and that investments in money market mutual funds have a rating of A or AAAm-G or
better by Standard & Poor's (S&P) or other nationally recognized rating agency. All credit ratings
indicated in the previous table are S&P ratings,
Concentration of Credit Risk — The Policy establishes limitations on portfolio composition, both by
investment type and by issuer, in order to control concentration of credit risk. The Policy provides the
following maximum limits of the portfolio, with limits in any one issuer of the portfolio invested;
InvestringpLType Portfolio Maximunn Maximunt in an qer
gn s q
Florida I ocal Government Surplus Funds Trust 1001% n/a
Fund
United States Government Securities 100% n/a
United States Government Agencies 50% 10%
D-1 1
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 2 -CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
Investment Type Portfolio Maximum Maxim um in any one issuer
Federal Instrumentalities 80% 30%
Maximum in callable securities 25% 25%
Interest-bearing Time Deposit or Savings 10% 10%
Accounts
Money Market Mutual Funds 20% 10%
Intergovernmental Investment Pool 10% n/a
At September 30, 2005, the portion of the Board's portfolio invested in Federal instrumentalities is
detailed as follows:
Percent of
Issue Investment Portfolio
............................Federal FW
Federal Home Loan Bank 7%
Federal Home Loan Mortgage Corporation 4%
Federal National Mortgage Associiation (of is 11%
2% is callable)
Custodial Credit Risk—The Policy requires bank deposits secured as provided by Chapter 280, Florida
Statutes. This law requires local governments to deposit funds only in financial institutions designated
as qualified public depositories by the Chief Financial Officer of the State of Florida, and create the
Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member
financial institutions for collateral shortfalls if a default or insolvency has occurred. Demand deposits
are insured by the FDIC up to $100,000 at each financial institution, and amounts in excess of
$100,000 are secured by the Public Deposits Trust Fund. At September 30, 2005, all of the County's
bank deposits were in qualified public depositories.
The Policy requires execution of a third-party custodial safekeeping agreement for all purchased
securities, and requires that securities be held in the County's name. As of September 30, 2005, all of
the County's investments are held in a bank's trust department in the County's name.
Interest Rate Risk — The Policy limits the investment of three months of operating expenditures to
twelve months. The Policy limits the investment of non current operating funds to five years.
Restricted Cash and Cash Equivalents—The Board has the following unrestricted and restricted cash
and cash equivalents, other than that of the Pension Trust Fund, at September 30, 2005'.
Local Government Demand
_Surplus Trust Fund Deposits Total
Unrestricted Cash and Cash Equivalents:
Governmental Activities
Governmental Funds $ 105,651,883 $ 3,991,855 $ 109,643,738
internal Service Funds 20,849,754 1,702,867 221,552,621
Business-type Activities 22,555,409 248,728 22,804,13-7
Total Unrestricted Cash and Cash
Equivalents 149,057,046 5,943,450 155,000,496
Restricted Cash and Cash Equivalents'l
Business-type Activities 1,708,171 3,238,931 4,947,10211
Total Cash and Cash Equivalents, $ 150,765,217 $ 9,182,381 $ 159,947,598
D-12
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
At September 30, 2005, the fiduciary funds had pooled cash balances totaling $640,215 with the SBA
and demand deposits comprising $639,423 and $792, respectively.
NOTE 3 —ACCOUNTS RECEIVABLE
Accounts receivable, in the accompanying fund financial statements, are shown net of the allowance for
doubtful accounts. The allowance is as follows: $819,452 for nonmajor governmental funds, $574,666
for the Municipal Service District-Waste Fund, and $26,252 for the Key West Airport Fund.
NOTE 4— MORTGAGES/NOTES RECEIVABLE
Mortgages/Notes receivable at September 30, 2005 consist of the following:
Other Governmental Funds:
Local Housing Assistance Fund:
Second Mortgages Receivable from individuals, collateralized by
personal residences. Commencing in year sixteen of the mortgage,
principal and accrued interest at 3% will be forgiven at the rate of
6.66% annually. The entire principal balance and accrued interest
will be forgiven at the end of year thirty. If the residence is sold
before the initiation of the forgiveness period, the full amount of the
mortgage and accrued interest is due at closing. $ 129,056
Second Mortgages Receivable from individuals, collateralized
by personal residences. Principal payments shall be deferred for the
term of the first mortgage loan, or until the date the last payment is
due on the first mortgage. Interest is not charged on the mortgages
unless the mortgagor is in default, in which case the interest rate is
12% per annum from the date when payment of the second is due.
The entire balance of the loan is intended to be forgiven. However, in
the event the home is sold, transferred, rented, refinanced or the first
mortgage loan is satisfied, the entire mortgage balance is due. 2,247,247
Second Mortgages Receivable from individuals, collateralized by
personal residences. The entire balance of the mortgage will be
forgiven over a ten year period at the rate of ten percent per year
upon the anniversary of the mortgage, provided that the mortgagor
complies with the mortgage covenants. The mortgages are interest
free. 794,158
Mortgages Receivable due from individual, collateralized by personal
residence, payable in annual installments of $1,500 over a ten-year
period, interest free. 4.500
3,174,961
D-13
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Fort Year Ended September 30, 2005
NOTE 4— MORTGAGES/NOTES RECEIVABLE (Continued)
Affordable Housinc�Prosrams Fundy
Second Mortgages Receivable from individuals, collateralized by land
and buildings, payable in monthly installments of $3,622 including
interest at 3%, final payment due March 1, 2004. 269,337'
Second Mortgages Receivable from individuals, collateralized by
personal residences. The entire amount oft loan will be forgiven
over a ten-year period at a rate of one fifth per year,.beginning on the
7th anniversary of the completion of the construction of the
improvements funded by the mortgage, provided that the mortgagor
complies with the mortgage covenants. 18,2936
2'87�573
Governmental Grants Fund:
Second Mortgages Receivable from individuals, collateralized by
personal residences. The entire amount oft loan will be forgiven
over a ten-year period at a rate of one fifth per year, beginning on the
7th anniversary, of the completion of the construction of the
improvements funded by the mortgage, provided that the mortgagor
complies with the mortgage covenants. 32,.540
Comprehensive Plan Land Authority_Eund-
First mortgages due from not-for-profit agency, collateralized by land,
payable in full August 2007, interest free. 13,984
First mortgage due from governmental agency, collateralized by land,
payable in full April 2025„ interest free. 382,554
First mortgage due from governmental agency, collateralized by land
and building, payable in full May 2031, interest free. 11,500,000
it mortgage due from governmental agency, collateralized by land,
payable in full January 2034, interest free. 2,210,000
First mortgage due from governmental agency, collateralized by land
and building, payable in full September 2045„ interest free. 59,025
Third mortgage due from private company, collateralized by land,
payable in full May 2050„ interest free. 1,089,000
it mortgage due from private company, collateralized by land,
payable in full September 2053„ interest free. 1,500,000
6,754,563
D-1 4
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 4—MORTGAGES/NOTES RECEIVABLE (Continued)
Governmental Grants Fund:
Agreement with Key Largo Wastewater Treatment District , whereby
the Board granted an interest free loan to the District in the amount of
$914,285, of which $731,428 was provided by the Board and
$182,857 was provided by the Florida Keys Aqueduct Authority. 914,285
Total Mortgages/Notes Receivable $11,163,922
As the mortgages receivable associated with the Local Housing Assistance fund are intended to
ultimately be forgiven, an allowance for uncollectible accounts of $3,174,961 has been established.
The mortgages receivable associated with the Affordable Housing Program, Governmental Grants, and
One Cent Infrastructure Surtax funds are offset by an allowance for uncollectible accounts of $287,573,
$32,540, and$914,285, respectively.
A reserve of fund balance of $6,754,563 represents the mortgages receivable related to the
Comprehensive Plan Land Authority Special Revenue Fund that are equally offset by a fund balance
reserve, which indicates that they do not constitute "available spendable resources," even though they
are a component of total assets. This also reports the difference in fund balance for the Comprehensive
Plan Land Authority Special Revenue Fund on a GAAP basis versus the budgetary basis.
NOTE 5— DEFERRED REVENUE
The balance in deferred or unearned revenue in the fund financial statements at year-end was
composed of the following elements:
Deferred Unearned
Revenue Revenue
Accounts receivable not received (General) $ 117,839 $ -
Grant funds not received (Governmental Grants) 1,224,307 -
Accounts receivable not received (Unincorpoarted Area Svc Dist) 6,150 -
Accounts receivable not received (Other Governmental) 30,271 -
Unearned (Marathon Airport) - 293
1,378,567
NOTE 6 — RESTRICTED ASSETS
Restricted assets include those provided for the landfill escrow account and airport passenger facility
charges. Total restricted assets as of September 30, 2005 are as follows:
Cash and
Cash E_quiivaG,its
Enterprise Fund— Municipal Service District Waste
Landfill Closure Escrow $ 1,708,171
Enterprise Fund— Key West Airport
Passenger Facility Charge Funds 3,238,931
$ 4,947102
D-15
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Fort Year Ended September 30, 2005
NOTE 7 — CAPITAL ASSETS
Capital asset activity for the year ended September 30, 2005 is as follows-
Beginning Ending
Balances Additions Reductions Balances
Gov ern mental activities:
Governmental Funds
Capital assets not being depreciated:
Land $ 47,299,649 $ 10,641,477 $ 3,810,634 $ 54,130,492
Construction in progress 7,092,110 6,617,639 4,167,5% 9,542,193
Total capital assets not being depreciated 54,391,759 17,2,159,1116 7,978,190 63,672,685.
Capital assets being depreciate&
Buildings 96,062,903 4,468,327 - 100,531,230
Equipment 25,,077,001 3,374,548 2,534,651 25,916,898
Infrastructure 3,526,374 408,600 - 3,934,974
Capacity rights 3,150,000 - 3,150,000
Total capital assets being depreciated 127,816,278 8,251,475 2,534,651 133,533,,102
Less accumulated!depreciation for:
Buildings 27,774,619 2,630,038 - 30,404.,E57
Equipment 17,814,802 2,244,878 2,269,473 17,790,207
Infrastructure 177,175 190,538 - 367,713
Capacity rights - 31,818 - 31,818
Total accumulated depreciation 45,766,596 5,097,272 2,269,473 48,594,395
Total capital assets being depreciated, net 82,049,682 84,938,707
Governmental funds,capital assets, net 136,441,441 148,611,392
Internal Service Funds
Capital assets not being depreciated-
Land 54,000 54,,000
Total capital assets not being depreciated 54,1000 54,,000
Capital assets being depreciated:
Buildings 1,685,757 - - 1,685,757
Equipment 457,212 28,108 75,,802 409,518
Total capital assets being depreciated 2,142,969 28,,1018 75,802 2,095,275
Less accumulated depreciation for:
Buildings 437,506 45,157 - 482,663
Equipment 316,498 36,157 58,637 A04,018
Total accumulated depreciation 754,004 $ 81,314 $ 58,637 776,681
..........
Total capital assets being depreciated, net 1,388,965 1,318,594
Internal Servvice Funds, capital assets, net 1,442,965 1,372,594
Total Governmental Activities, capital assets, net $ 137,884,406 $ 149,983,986_
D-1 6
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Forte Year Ended September 30, 2005
NOTE 7— CAPITAL ASSETS (Continued)
Beginning Ending
Balances Additions Reductions Balances
Business-type activities
Capital assets not being depreciated:
Land $ 4,802,020 $ - $ - $ 4,802,020
Construction in progress 3,937,325 4,623,603 1,943,516 6,617,412
Total capital assets not being depreciated 8,739,34.5 4,623,603 1,943,516 11,419,432
Capital assets in depreciated:
Land 212,925 - - 212,925
Buildings 17,504,935 - 17,504,935
Equipment 3,405,119 193,078 179,009 3,419,188
System Infrastructure 25,428,444 2,081,978 - 27,510,422
Total capital assets being depreciated 46,551,423 2,275,056 —1-79—,009 43,647,470
Less accumulated depreciation for:
Land 212,925 212,925
Buildings 3,393,,500 428,169 - 3,821,669
Equipment 2,790,569 281,562 175,267 2,896,864
System Infrastructure 7,474,191 956,299 ... 8,430,490
77 Total accumulated depreciation 13,871,185 $ 1,666,030 $ 5,267 15,361,948
Total capital assets being depreciated, net 32,680,2 8 33,285,522
Bi..jsiness-type activities, capital assets, net —41,419,583 -!F—44,704,954
Depreciation was charged to functions/programs on the Statement of Activities of the County as
follows:
Governmental Activities:
General Government $ 1,316,667
Public Safety 2,187,269
Physical Environment 78,820
'Transportation 260,,877
Economic Environment 12,489
Human Services 303,764
Culture and Recreation 519,857
Court Related 417,529
Total Governmental Activities 5,097,272
Internal Service Funds- General Government 81,314
Total Governmental Activities $ 5,178,586
D-1 7
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 3O. 2OO5
NOTE 7— CAPITAL ASSETS (Continued)
Business-type Activities:
Municipal Service District-Waste $ 48,496
Card Sound Bridge 218,050
Key West Airport 797.340
Marathon Airport 602144
Total BUGiOgSS-tVpg Activities
Amounts associated with the Board's governmental activities' capital aSG8tS' [e|G1gd accumulated
d8p[8CiG1iOO, and depreciation expense are reported oDthe government- wide financial StG1eOn8DtS of
the COUOtV. rather than OO the financial statements of the Board. A[OOUntS associated with the Board's
business-type activities' and internal service funds' capital aGG8tS. related accumulated depreciation,
and depreciation expense are [8pO[t8d OO the proprietary fund financial 8tG1e[neDtS Of the Board.
Internal service fund capital asset information is included in the gOv8[Orn8Dt8| activities DD the
government-wide fiD8DCi8| St8teOl8OtS, b8C@USe the internal service funds p[8dOnOiOG18lV G8[Vg those
activities.
An additional $15,854.595 will be required to cO[np|gt8 the COOstrU[tiOD projects under present
contractual agreements aemf September 3O' 2OO5.
NOTE 8 - LONG-TERM DEBT
The following )Ga summary of changes iO long-term debt for the year ended September 3O' 2OO5:
Current
Portion of
Beginning Ending Long-term
Balances Additions Payments Balances Liabilities
Governmental Activities:
Governmental Funds
Revenue bonds payable $ 20.350.000 * $ 1.145.000 * 19.205.000 $ 1.170.000
Revenue notes payable 2.953.785 ' 556.045 2.397.740 571.254
Accrued compensated absences 2.376.177 2.205.973 2.442.494 2.139.656 237.592
Capitalized lease obligations 1.270.683 233.493 481.887 1.022.289 313.762
Other 1400000 1400000 '
Total Governmental Funds 28,350,645 2439 4so 6,025,426 24,764,685 2,292,608Internal Service Funds
Accrued compensated absences 141,599 105488 140584 106503 6,091_
Total Governmental Activities
D-18
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 8 - LONG-TERM DEBT(continued)
Current
Portion of
Beginning Ending Long-term
Balances Additions —fayments Balances Liabilities
Business-type Activities:
Revenue note payable $ 3,674,040 $ - $ 402,494 $ 3,271,546 $ 416,935
Accrued compensated absences 358,602 190,959 247,995 301,566 8,134
Capitalized lease obligations 967,270 - 50,000 9-1.7,270 50,000
Total Business-type Activities $ 4,999,912 $ '190,959 $ 700,489 $ 4,490,382 $ 475,069
Total Long-Term Debt $ 33,492,156 $ 2,,735,913 $ 6,866,499 $ 29,36-1,570 $ 2,773,768
Amounts associated with the Board's governmental activities long-term liabilities are reported on the
government-Guide financial statements of the County rather than on the financial statements of the
Board. Amounts associated with the Board's business-type activities and internal service funds long-
term liabilities are reported on the proprietary fund financial statements of the Board. Internal service
fund long-term debt information is included in the governmental activities on the government7wide
financial statements, because the internal service funds predominantly serve those activities.
aUMMqa2LLndebtedness
The following is a summary of indebtedness of the Board as of September 30, 2005,
Governmental Activities
Revenue Bands:
Infrastructure Sales Surtax Revenue Bonds, Series 2003 $ 119,205,000
Revenue Note:
Guaranteed Entitlement Refunding Revenue Note, Series 2.397„740
2002
Total Governmental Activities
guabtqg:!Y e Activities
Revenue Note:
Solid as Disposal System Refunding Revenue Note, $ 3,397,390
Series 2002
Less: Unamortized Discount II25,8441
Total Business-type Activities
D-19
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Forte Year Ended September 30, 2005
NOTE 8 ® LONG-TERM DEBT (Continued)
Debt Service Funding_B±guire'ments - The total annual debt service requirements for all debts
outstanding at September 30, 2005 are as follows:
GovernrnentW Activities Busi e Activities
°iu�ci al Interest -r3t—aT Frinraipal Iriterest Total
2006 $ 1,741,254 $ 700,303 $ 2,441,557 $ 437,909 $ 108,3&5 $ 546,294
2007 1,795,663 659,994 2,455,657 452,841 93,197 546,038
2008 1,849,146 618,410 2,467,556 468,283 77,492 545,775
2009 1,911,677 570,620 2,482,297 484,252 61,25-1 5,45,503
2010 1,335,000 516,733 1,851,733 500,765 44,457 545,222
2011-2015 '7,555,000 1,893,923 9,448,923 1,053,34.0 36,220 "1,089,560
2016-2020 5,415,000 435,700 5,850,700 -
$ 21,602,740 $ 5,395,683 $ 26,998,423 3,397',390 421,002 3,818,392
. .....................
Less: Unamortized Costs (125,844) 11 25,844�
$ 3,271,546 $ 421,002 $ 3,692,548
At September 30, 2005, the current portion of the unamortized discount totals$20,974.
Long-Term Debt at September 30, 2005 is composed of the following issues:
$21,455,000 Infrastructure Sales Surtax Revenue Bonds Series 2003
'Type: General Government Revenue Bonds
Dated: March 2003
Final maturity: Year2018
Principal payment date: April 1
Interest payment dates: April 1 and October 1
Interest rates: 2.0%to 4.0%
Amount Outstanding at September 30th: $19,205,000
Reserve requirement: None; MBIA insured.
Revenue pledged: One Cent Local Government Infrastructure Sales Surtax
Purpose: To construct and acqUire equipment and capital improvements.
Call previsions: First redemption date may not be later,than 4/20/13 and no call
premium may exceed 2%of the par amount redeemed.,
11,495,1 Guaranteed ErIti.tie,ment Refunding Revenuqj4ote Series2002
Type: General Government Revenue Note
Dated: December 2002
Final maturity: Year 2009
Principal payment date: December 1
Interest, payment dates: June 1 and December 1
Interest rates: 2.96%
Amount OLItstanding at September 30th: $2,397,740
Reserve requirement: None.
Revenue pledged: Lien and pledge of Guaranteed Entitlement and Second
Guaranteed Entitlement from the State Revenue Sharing"'I"rust Fund provided by
Chapter 219, Florida Statutes.
D-20
0&ONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes TOFinancial Statements
For the Year Ended September 3O' 2005
NOTE 8 - LONG-TERM DEBT (Continued)
$3,495,144 Guaranteed Entitlement Refunding Revenue Note, Series.2002 (continued)
Purpose: Tn refund ona current basis the$7.230.00O Monroe County, Florida
Refunding Revenue Bonds, Series 1903.
Call provisions: No prepayment penalty. Bank requires 1O days notice.
olid Waste Disposal System Refunding Revenue Note, Series 2002
Type: Enterprise Revenue Note
Dated: Deoembmr2002
Final maturity: Ymar2O12
Principal payment date: October
Interest payment dates: April 1 and October 1
Interest rates: 341%
Amount outstanding at September 3Oth: $3,271,546
Reserve naquivnnnmnd: None.
Revenue pledged: Gross revenues from the solid waste disposal, collection and
management systems.
Purpose: To refund ona current basis the Monroe County Municipal Service
District Refunding Improvement Bonds, Series 1991.
Call provisions: No prepayment penalty. Bank requires 10 days notice.
Other Long-Term Debt
On February 19, 2003. the Board approved @ settlement agreement pertaining to e |BDd use lawsuit.
The agreement requires that the Board make payments totaling $5.900.000 to the plaintiffs. The first
and eRCOnd payments were made March 14, 2003 and February 14' 2004 in the sums of $2,500'000
and $2,000'000. respectively. The final payment of $1,400.000 was made in February. 2005.
|DfnsetruCtuna Sales Tax Revenues were available to fund the payment.
NOTE 9 - DEFEASANCE OF DEBT
In prior years. the Board dGfeaaed revenue bonds by placing the proceeds Of new bonds with an
Gaurovv agent in irrevocable trust @cCOVnta to provide for all future debt service payments on the old
bonds. Accordingly, the trust account @Ga8te and liabilities for the dGfGaGod bonds are not included in
the Board's financial statements.
The following euhGdu|G reflects the outstanding principal on refunded bonde, by iaeug. as of September
30, 2005:
$2.155.000 Refunding Improvement Revenue Bonda, Series 1983;
defe8aed on January 1. 1993 using proceeds from the Refunding
Improvement Revenue Bonda, Gorjea 1993/83 $ 940.000
$5.000.000 Improvement Revenue Bonda, Series 1988; defeaegd on May
1. 1993 using proceeds from the Refunding Revenue Bonda, Series 2,340,000
1SS3/88
Total Governmental Activities
D-21
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Rnancia] Statements
For the Year Ended September 30, 2005
NOTE 9 -DEFEASANCE OF DEBT (continued)
$8,000,000 Municipal Service District Improvement Revenue Bonds,
Series 1980; dlefeased on December 6, 1985 using proceeds from the
$9,211,774 Municipal Service District Refunding Improvement Bonds, $ 5,370,000
Series 1985
$9,211,774 Municipal Service District Refunding Improvement Bonds,
Series 1985; defeased on April 1, 1991 using proceeds from the Municipal
Service District Refunding Improvement Bonds, Series 1991 5,310,000
$4,585,000 Card Sound Road and Bridge Improvement Revenue Bonds,
Series 1993; defeased on March 8, 1994 using available cash 1,.3�05000
Total Business—type Activities tiLLMUM
NOTE 10 ® LEASE OBLIGATIONS
Capitalized lease obligations are stated at the original it market value of leased! assets capitalized,
less payments since the inception of the lease discounted at the implicit rate of interest, in the lease.
The future minimum debt reductions under capitalized leases consist of the following at September 30,
2005:
Governmental Business-type
Activities Activities
................—-— —"""""""""Fiscal year ending September 30:
2006 $ 353,340 $ 50,000
2007 350,891 50,000
2008 213,098 50,000
2009 164,740 50,000
2010 22,846 50,000
2011-2015 - 250,000
2016-2020 a 250,000
2021-2024 167,270
............
Total minimum payments 1,104,915 917,270
Amounts representing interest ...............................
Present value of net minimum lease
payments 11,022,289 $ 917,270
Leased property is has been capitalized as of September 30, 2005 is as follows,
Governmental Business-type
Activities Activities
Equipment $ 1,363,401 $ 2,335,830
Less: Accumulated Depreciation (198,295) (2,335,83011
-T 1,165,106 $
Rental expense under cancelable operating leases fort current year amounted to $829,920,
D-22
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 10 ® LEASE OBLIGATIONS (continued)
The City of Key West leases two properties with a cost of $441,073 from the Comprehensive Plan Land
Authority. These properties, which are included in capital assets, are used to provide parking and city
recreational facilities. The terms oft leases provide for rental of $1 per year for 30 years, expiring in
the year 2022.
NOTE I I ® INTERFUND BALANCES
Interfund balances at September 30, 2005 are as follows-
P_AmtAifyad_-, - Receivabie,Ftmxl:
Fine& Rua0-ewnd- G-F-ve-"77677 Unincor one(;w a vrrajcrr ruterrae
General Forfeiture ... d_qe Grants Svc D10 Infrastructure Governmerval -MSD -Sirvi-_--- -OW
Generai $ $ $ 36,839 $ $ $ 115,025 $ 877 $ $ 152,7411
Fine and Forfeiture 123,044 12.3,044
Road and Bridge 606,023 29,234 - 2,008 637,266
Govemmentei Grants 99,914 1,667 20,205 15,147 451 34,820 88 172,292
Unine"p Svc Dist 1,062,174 - 105,625 1,167,799
One Cent 163,976 1.7,450 181,42.6
2003 Infra Rev Bonds 2,000 2,000
Nonmaor Governmental 1,446,802 303,791 - 24,753 612 1,473 1,777,t331
MSD 466,721 466,721
Card Sound Bddge 244,549 267 244,8%
Key West Aiq)ort 161,838 161,M
Marathon Aiqmqt 100,826 100,826
internal Service �451 585
"roam $4,927,452 $ 1,667 $ 20,205 $ 492,939 $15,147 $ 2,451 $ 174,598 $4,052 $ 1,473 $ 5,639,984
During the course of operations, transactions occur which result in amounts ® e to a particular fund
by another fund, other than for goods provided or services rendered. These receivables and payables
are due within a year and are classified as "Due from other funds/Due to other funds" on the
governmental funds balance sheet or proprietary fund statement of net assets.
NOTE 12 ®INTERFUND TRANSFERS
Interfund transfers at September 30, 2005 were as follows-,
From: Tm
Fine& Road and UMncor Svc One Cent Nonmajor Marathon Internal
General offaiftire d a vt Gran1s ist Infrastructure GovemrnentaU rt wwce ToiW
_L_
General $ $ $ $ '77,672 $ $ $ 35,537 $ $ $ 113,209
Fine and Fodefture 21,194 21,194
Road and Bddge 606,023 29,234 - 635,257
Govemmental Grants 99,914 1,667 20,205 1,924 1 15,147 33,347- 172,20.4
Unincorp Svc Dist P,062,174 105,625 - 1,167,799
One Cent 163,976 1.7,450 2,111,362 2,292,798
Nonmeor GovPrnrnenW 1,446,708 311,157 451 1,473 1,759,789
MSD 466,72.1 - 466,721
Card Sound Buidge 244,fA9 244,549
Key West Mricort 161,838 22,150 w,988
Marathon Aiqxxt 100,826 100,82.6
Intemal Servuce 445,500 - - 445,500
-7 j 202105 rectal $4,798,22.9 1,667 2.56 15,147 451 2,180,2.46 22,150 1,473 $ 7,603,824
Transfers between the major funds, other nonmajor governmental and enterprise funds, and internal
service funds were primarily to support the capital projects and operations ofthe funds,
D-23
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 13 - RISK MANAGEMENT
The Board is exposed to various risks of loss related to tort; theft of, damage to, and destrucfion of
assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal years
ended 1976, 1984 and 1988, the Board established the Worker's Cornpensation, Group Insurance, and
is Management Funds, respectively, as internal service funds to account for and finance its
uninsured risks of loss. Under these programs, the Worker's Compensation provides $1,000,000
coverage per claim. The Group Insurance Fund provides self insured excess claims. is
Management has a $5,000,000 excess insurance policy for general liability claims with a $100,000 self-
insured retention, and building property damage is covered for the actual value of the bt,jilding with a
deductible between $100,000 and $250,000. Deductibles for windstorm and flood vary by locatiom
The Board purchases commercial insurance for claims in excess of coverage proviided by the funds
and for all other risks of loss. Set-tied claims have not exceeded this commercial, coverage in any of the
past three years.
All funds of the Board participate in the programs and make payments to the Worker"s Compensation,
Group Insurance and Risk Management Funds based on estimates of the amounts needed to pay prior
and current year claims. The claims liabilities reported at September 30, 2005 are based on the
requirements of Governmental Accounting Standards Board Statement No. 10, is requires that a
liability for claims be reported if information prior to the issuance of the financial statements indicates
that it is probable that liability has been incurred at the date ofthe financial statements and the amount
of the loss can be reasonably estimated.
Changes in the claims liability amounts in fiscal year 2004 and 2005 were:
Workers Group Risk
_22Tptnsation Insurance _ M2922ement Total
Balance at September 30,2003 $ 1,000,000 $ 4,045,491 1,540,753 $ 6,586,244
Current year claims and chaniges
in estimates 909,089 10,288,730 180,358 11,378,177
Claim payments ......(209,089 19,504J. 194,9171
J (11,026,324)
Balance at September 0, 200 1,000,000 3,307,897 1,501,607 5,809,504
Current year claims and changes
in estimates 1,699,116 10,319,303 85,264 12,103,683
Claim payments (966,864) 10,531,409) 85,264 583,5371
Balance at September 30,2005 $ 1,732,252 $ 3,095,791 $ 1,501,607 $ 6,329,650
NOTE 14 - RETIREMENT PLAN
Florida Retirement System:
Flan ®escri tion — Substantially all full-time Board employees are participants in the Florida Retirement
System, (FRS), a multiple-employer, cost-sharing public employees retirement system administered by
the Florida Department of Administration. As a general rule, membership in the FRS is compulsory for
aII employees working in a regularly establlished position for a state agency, county government, district
school board, state university, community college or participating city or special district within the State
of Florida. The FRS provides retirement and disability benefits, annual cost-of living adjustments, and
death benefits to plan members and beneficiaries. Benefits are established by Chapter 121, Florida
Statutes, and Chapter,605, Florida Administrative Code. Amendments to the law can be made only by
Act of the Florida legislature,
D-24
MONROE COUNTY, FLORIDA
BOARD F COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 1 - RETIREMENT PLAN (continued)
The FRS provides for vesting of benefits after 6 years of credited service. Normal retirement benefits
are available to employees who retire at or after age 62 with 6 or more years of service. Early
retirement is available after 6 years of service with a 5% reduction in benefits for each year prior to the
normal retirement age. Retirement benefits are based on age, average compensation and years-of-
service credit where average compensation is computed as the average of an individual's five highest
years of earnings.
The Florida Division of Retirement issues a publicly available financial report that includes financial
statements and required supplementary information for the FRS. The report may be obtained by
writing to Florida Division of Retirement, 2639 Monroe Street, Building C, Tallahassee, FL 32399-1560,
or from the website www.frs.state.f1.us.
Funding Policv — The FRS is noncontributory for members. 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, 7.83%, special risk employees, 18.53%, special risk
administrative support 9.92%, elected officials, 15.23%, senior management 10.45%, and DROP
participants 9.33%.
The Board contributed to the plan an amount equal to 9.4% of covered payroll during the fiscal year
ended September 30, 2005. The Board's contributions made during the years ended September 30,
2005, 2004, and 2003 were $2,199,510, $1,869,186, and $2,130,811, respectively, equal to the
required contribution requirements for each year. Therefore, the Board does not have a pension asset
or liability as determined in accordance with GASB Statement No. 27.
NOTE 15 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL
SERVICES
Plan Description — The Monroe County, Florida Volunteer Firefighter and Emergency Medical Services
Length of Service Award Plan (LOSAP) is a single-employer defined benefit pension plan administered
by the Board. LOSAP provides retirement and death benefits to plan members and beneficiaries.
Monroe County Ordinance 026-1999 defines the authority under which contribution and benefit
provisions may be amended. This authority is presently held by the Board. LOSAP had 189
participants for the plan year ended December 31, 2004. Separate, stand-alone financial statements
for LOSAP are not provided.
Funding Policv — The contribution requirements for plan members and the Board are established and
may be amended by the Board. Plan members are not required to contribute. The Board contributes
an amount determined by an actuarial study. Benefits are calculated based on years of service as the
participants are unpaid volunteers. The current contribution rate is $312 per volunteer year of service.
Contributions to the plan, as well as benefits and refunds paid to participants, are recorded when due
and payable in accordance with the terms of LOSAP.
D-25
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 15 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL
SERVICES (Continued)
Annual Pension Cost and Net Pension Obligation
Annual Required Contribution $ 58,904
Interest Adjustment -
---E8,904
Contributions Made _158.�904)
Increase in Net Pension Obligation mm
Net Pension Obligation, beginning of year
Net Pension Obligation, end of year
The annual required contribution forte past year was determined as part of the December 31, 2004
actuarial valuation using a variation of the aggregate actuarial cost method. This method does riot
identify or separately amortize unfunded actuarial liabilities. The actuarial assumptions included (a)
5.0% investment rate of return (b) no assumption for mortality pattern as it is inapplicable (c) no
assumption for salary increases as benefits rent based on compensation and (d) no increase for
inflation as benefits are based on a flat amount per year of service., The actuarial value of assets
includes only the fair value of the assets. There was no unfunded actuarial accrued liability at
December 31, 2004.
Three Year Trend Information
Annual Pension Cost Percentage of APC Net Pension
Fiscaf 'Year End A_q Contributed. 0 11 on,...................... ........................---.................................................__...............__?b_q�!tL
12/31/02 $ 89,437 100% $
12/31/03 $ 73,840 100%
12131/04 $ 58,904 100%
NOTE 16 ® POST RETIREMENT BENEFITS OTHER THAN PENSION
In addition to the retirement plan described in the previous note, the Board provides post retirement
health care benefits in accordance with state statutes, to all employees who retire from the Board with
at least 10 years of service and have attained the age of 62,- and who are enrolled in the Board's group
health plan. Currently 269 retirees are eligible for this post employment benefit. Expenditures for post
retirement health care benefits, excluding claims, are recognized as the premiums are paid. During the
year ended September 30, 2005 expenditures of$1,313,729 were recognized for post retirement health
care.
ID-26
MONROE COUNTY, FLORIDA
BOARD F COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 17 — RECOGNITION OF CLOSURE AND POST CLOSURE COST
As described in Note 1, current regulations of the U.S. Environmental Protection Agency (EPA) and the
Florida Department of Environmental Protection (FDEP) require municipal solid waste landfills to place
a final cover on closed landfill areas, and to maintain those areas for up to 30 years after closure. The
Board periodically obtains updated and revised estimates of total future closure and postclosure costs
from its consulting engineers. All amounts recognized are based upon what it would cost to perform
closure and postclosure functions in current dollars. Actual costs may be different due to inflation,
changes in technology, or changes in laws and regulations.
Recognition of the liability for closure and post closure costs is based on the landfill capacity used to
date. The landfill capacity of the Board's previously operated landfills is 100% used and has no
remaining landfill life. Closure of these landfills was substantially completed during the year ended
September 30, 1994. The Board has another landfill site, which has never been used. Accordingly, no
future closure cost is accruable except for post closure costs estimated to be incurred in the coming
year. At September 30, 2005, the estimated future cost for postclosure maintenance, which is reported
as a long-term liability in the Municipal Service District-Waste enterprise fund, totaled $368,240.
For the public landfill, accounted for in the Municipal Service District-Waste enterprise fund, expenses
associated with the final closure and postclosure maintenance of landfill areas are recognized over the
active life of those areas. These costs are recognized in each operating period based on the amount of
waste received during that period, regardless of when cash disbursements are made for these costs.
The cumulative effect of updated and revised estimates of closure-related costs is recognized in the
period of the change to the extent it relates to current and past operations.
The Florida Department of Environmental Protection approved a post closure operating plan, which
permits the Board to fund closure, and post closure costs as an operating expense using annual
appropriations. The landfill is required by state and federal laws and regulations to make annual
contributions to a cash escrow account to meet financial assurance requirements. In accordance with
laws and regulations, the landfill had cash and investments of $1,708,171 held for these purposes at
September 30, 2005. In the event closure escrows and interest earnings prove inadequate due to
inflation, changes in technology or additional post closure care requirements, these costs may need to
be covered by charges to service users.
NOTE 1 - LITIGATION
The Board is a defendant in various lawsuits and is involved in other disputes wherein substantial
amounts are claimed. In the opinion of the Board, these suits and claims should not result in judgments
or settlements, which, in aggregate, would have a material adverse effect on the Board's financial
condition.
NOTE 19 - COMMITMENTS AND CONTINGENCIES
Grant Programs - The Board participates in a number of federally assisted grant programs. These
programs are subject to financial and compliance audits by the grantors or their representatives.
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 Board has estimated that there will be no significant liability for arbitrage rebate.
D-27
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
Fort Year Ended September 30, 2005
NOTE 19 - COMMITMENTS AND CONTINGENCIES (Continued)
Imr)act Fee Refunds - Unexpended or unencumbered funds arising from the collection of impact fees
may be refunded within one year following the end oft sixth year from the date on which the impact
fee was paid or within three months oft noncommencement of construction.
NOTE 20® CONDUIT DEBT
IDA Health Care Facilities Revenue Bonds Series 2003 - The Monroe County Industrial Development
Authority approved the issuance of IDA Health Care Facilities Revenue Bonds, Series 2003, not to
exceed $2,500,000 and for a loan by the Authority to the Guidance Clinic oft Middle Keys, Inc. to
provide forte refinancing of certain outstanding indebtedness oft corporation and for financing
certain capital improvements, to the corporations health care facilities. Ownership oft acquired
facilities is in the name of the private entity served by the bond issuance. Neither the County, the
Authority, the State, nor any political subdivision thereof is obligated in any manner fort repayment of
the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial
statements. Maturity of the Series 2003 Bonds is August 1, 2018.
Industrial Develor)ment Revenue Bonds (North Key Largo Utili , Co -,, System), Series 2005 - The
Monroe County Industrial Development Authority issued Industrial Development Revenue Bonds (North
Key Largo Utility Corp. System, Series 2005 totaling $2,965,000 on September, 1, 2005 for the
exchange of a like principal oft $3,400,,000 of Industrial Development Revenue Bonds issued in
1995 related to the North Key Largo Utility Corporation Project. Neither the County, the Authoft the
State, nor any political subdivision thereof is obligated in any manner fort repayment oft bonds.
Accordingly, the bonds are not reported as liabilities in the accompanying financial statements.
Maturity oft Series 2005 Bonds is March 1, 2025.
NOTE 21 — KEY LARGO WASTEWATER TREATMENT DISTRICT AGREEMENT
On December 15, 2005 the Board entered into an agreement with the Key Largo Wastewater
Treatment District (District) whereby the Board granted an interest free to tot District in the amount
of $914,285, of is $731,428 was provided by the Board and $182,857 was provided by the Florida
Keys Aqueduct Authority. The purpose of the loan was to provide matching funds forte District's
wastewater treatment and collection system wastewater grant- however, the Board has projects within
the District. Accordingly, the Board's note receivable in connection with the loan has been fully reserved
to reflect the conveyance of funds to the District associated with the agreement and was recorded in
the One Cent Infrastructure Surtax Special Revenue Fund. The District's payments under the to
agreement are scheduled to be $91,429 annually, beginning July 1, 2008 and continuing through July
1, 2018.
NOTE 22® SUBSEQUENT EVENT
During October 2005„ Monroe County sustained direct impact from a major hurricane. Subsequently,
the Board incurred costs associated with emergency protective measures and debris removal totaling
approximately $37 million. Associated with these costs, the Board expects approximately $34.7 million
in reimbursements from federal and state agencies under disaster assistance programs.
D-28
MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Notes To Financial Statements
For the Year Ended September 30, 2005
NOTE 22—SUBSEQUENT EVENT (continued)
The Board continues to work with state and federal agencies to determine the final amounts
reimbursable for hurricane-related costs. The ultimate amount received will be influenced by pending
determinations of numerous issues related to reimbursement requests, the ultimate result of which
could differ substantially from the Board's expected reimbursements.
NOTE 23— PROPOSED DEBT ISSUANCE
The Board is discussing the issuance of $31 million in Key West Airport Bonds, which are currently in
the draft stage. The bonds are expected to be approved for issuance in fiscal year 2006 to fund airport
construction projects.
D-29
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
ONE CENT INFRASTRUCTURE SURTAX CAPITAL PROJECT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 10,500,000 $ -10,,500,000 14,875,923 $ 4,375,923
Charges for Services - - 3,15,072 3,15,072
Investment Income 375,,000 375,000 1,128,744 '753,744
M scellaneous - - 100 100
Total Revenues 10,875,000 10,875,000 16,319,839 5,444,839
EXPENDITURES:
Current:
Capital Outlay:
General Government,
Vehicle Replacement 8,876 8,876 - 8,876
General Government Projects 15,819,760 18,794,0182 7,844,955 10,949,127
Total General Government 15,828,636 '1 8,8�02,958 7,844,955 10,958,003
Public Safety 3,726,957 2,966,710 1,246,283 1,720,427
Physical Environment 6,918,931 9,818,931 3,240,365 6,578,566
Transportation, Const, Mgmt 560,865 560,865 267,797 293,068
Human Services 652,322 1,450,000 1,434,423 1.5,577
Culture and Recreation 4,932,000 155,000 116,369 38,631
Total Capital Outlay 321,619,711 33,754,464 14,150,192 19,604,272
Excess/Deficiency of Revenues
Over/(Under) Expendiftures �21,744,71-V 879,464 2,169,647 25,049,111
Other Financing Sources/(Uses):
Reserve for Contingencies (2,407,450) (1,421,335) 11,421,335
Transfers from Other Funds 451 451
Transfers to Other Funds (1,900,000), J 788 Jl5,1,362 1,458,574
7.........
Total Other Financing Sources/(Uses) ±,_307,450) _(5,172,69a �2L,292 37 2,880,360
Net Change in Fund Balances (28,052,161) (28,052,161) (122,690) 27,929,471
Fund Balances, October 1 39,700,287 39,700,287 39,700,287
1-1,648,126 $ 11,6548,126 $ 39,577,597- $_2 "T"
Fund Balances, September 30 7,929,471
E 1
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
INFRASTRUCTURE SALES SURTAX REVENUE BONDS,
SERIES 2003 CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Investment Income $ 150,000 $ 150,000 $ 487,560 $ 337,560
EXPENDITURES:
Current:
Capital Outlay:
General Government,
General Government Projects l 8,690,000 450,000 245,493 204,,507
General Government Projects 11 2,182,501 10,422,501 - 10,422,501
Total General Government 1073-72,501 10,872,501, —245,4-93 10,627,008
..........
Public Safety':
Public Safety Projects 1 5,157,000 1,000,000 191,816 808,184
Public Safety Projects 11 - 4,157,000 - 4,,157,000
........... .. .................
FotM Public Safety, 5,15 000 5,157,000 191�,816 4,965,184
....................
Human Services:
Human Service Projects 1 2,985,000 500,000 12,412 48-7,588
Human Service Projects 11 - 2,485,000 - 2,485,000
Total Human Services 2,985,000 2,985,000 12,412 2,97'2,588
Total Capital Outlay 19,01.4,501 19,014,501 449,721 18,564,780
Excess/Deficiency of Revenues
Over/(Under) Expenditures ._O§,864,501) JIL864,501), '�7,839 18,902,340
Net Change in Fund Balances (18,864,501) (18,864,501) 37,839 18,902,340
Fund Balances, October 1 19,119,928 19,119,9218 19,119,928
Fund Balances, September 30 $ 255,42.7 $ 255,427 $ 19,157,767 $ 18,,902,340
E-2
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
AFFORDABLE HOUSING PROGRAMS
To account for revenues and expenditures of various low income housing programs.
LAW LIBRARY
To account for all revenues and expenditures for the County's law library.
TOURIST DEVELOPMENT DISTRICTS
To account forte local option three cent bed tax in five district funds and an Administrative and
Promotional Fund forte expenditures of advertising, promotions, and special events of the County Tourist
Development Council.
IMPACT FEES
To account for the revenues and expenditures relating to impact fees collected for roadways, parks and
recreation, libraries, solid waste, police facilities and fire and EMS.
FIRE AND AMBULANCE DISTRICTS
To account for revenues and expenditures in districts for fire and ambulance, services.
UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT
To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade
County.,
UNINCORPORATED AREA SERVICE DISTRICTS
To account for all revenues and expenditures for planning, building and zoning and parks and
recreation services provided only to the unincorporated areas of the County.
LOCAL HOUSING ASSISTANCE
To account for the revenues and expenditures for the administration and implementation of the State
Housing Initiatives Partnership Program.
MUNICIPAL POLICING
To account for all revenues and expenditures for local road patrol law enforcement in the City of
Marathon, City of Layton and Islamorada, Village of Islands.,
911 ENHANCEMENT FEES
To account for fees levied on each telephone access line in Monroe County for the enhancement of the
911 emergency telephone system.
DUCK KEY SECURITY DISTRICT
To account for the revenues and expenditures in providing security services for the Duck Key District.
BOATING IMPROVEMENTS
To account for revenues and expenditures for providing boat-related activities, for removal of vessels
and floating structures deemed a hazard to public safety and health, and for manatee and marine mammal
protection and recovery.
MISCELLANEOUS SPECIAL REVENUE
To account for revenues and expendlitures earmarked for specific purposes.
(Continued)
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS -CONTINUED
ENVIRONMENTAL RESTORATION
To account for all revenues and expenditures for fines/fees collected and earmarked for environmental
restoration.
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.
COURT FACILITY FEES
To account for revenues collected upon the institution of any civil action, suit or proceeding to be used
exclusively, in providing and maintaining existing and future facilities for the use of the Circuit and County Court
systems.
DRUG ABUSE TRUST
To account for assessments collected for drug abuse programs and to disburse assistance grants for
drug abuse treatment and/or educational programs which meet the standards for qualification of such
programs by the Department of Health and Rehabilitative Services.
MARATHON MUNICIPAL SERVICE DISTRICT
To account for the revenues and expenditures for municipal services for Marathon.
CONCH KEY WASTEWATER MTSU
To account for the revenues and expenditures for wastewater services for Conch Key.
BAY POINT WASTEWATER MTSU
To account for the revenues and expenditures for wastewater services for Bay Point.
BIG COPPITT WASTEWATER MTSU
To account forte revenues and expenditures for wastewater services for Big Coppitt.
KEY LARGO WASTEWATER MTSU
To account forte revenues and expenditures for wastewater services for Key Largo.
STOCK ISLAND WASTEWATER
To account forte revenues and expenditures for wastewater services for Stock Island.
DEBT SERVICE FUND
INFRASTRUCTURE SALES SURTAX REVENUE BONDS— 2003
To account for accumulation of resources for, and payment of, interest and principal on the long-.term
debt incurred in the acquisition, construction and renovation of various capital improvements and associated
issuance costs.
CAPITAL PROJECT FUND
CLERK'S REVENUE NOTE
To account for the Clerk's network system, from the Florida Local Government Finance Commission
Loan.
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2005
SPECIAL
Tourist .................Tourist
Affordable DeveNoprnent Devv,:wloprnent
Mousing Law All Districts Adrnin & Promo
Programs Library Two Cent Two Cent
ASSETS
Cash and Cash Equivalents $ 293,006 $ 45,309 $ 3,204,,055 $ 3,592,886
Accounts Receivable, Net - - 1,434
Due from Other, Funds 24,960 51,723
Due from Other Governmental Units - -
Due from Constitutional Officers - 192,043 397,951
Mortgages/No,tes Receivable 287,573 - -
Allowance for Mortgages/Dotes Receivable (287,573)
Interest Receivable - - -
Total Assets $ 293,006 $ 45,309 $ 3,421,058 $ 4,043,994
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ - $ - $ 353,216 $ 3-70,910
Retainage Payable
Accrued Wages and Benefits Payable - - 82 1,288
Due to Other Funds - - 60,734 135,146
Due to Other Governmental Units - - 5,626 -
Due to Constitutional Officers - - 12,512 6,071
Deferred Revenues - -
Accrued Interest Payable
Total Liabilities 432,1170 513,,415
Fund Balances,
Debt Service
Unreserved, Designated for Special Rev. Fund - - - -
Unreserved„ Undesignated 293,006 45,309 2,988,888 3,530,579
Total Fund Balances 293,0061 45,309 2,988,888 3,530,_ T
Total Liabilities and Fund Balances $ 293,006 $ 45,309 $ 3,421,058 $ 4,043,994
F-1
REVENUE FUNDS
Tourist 'Tourist Tourist Tourist Tourist
Development Devebpment Deveiopment Deveiopment Development
District#One District#Two Distdct#Three District#Four District#Five Impact Fees,
Three Cent Three Cent Three Cent Three Cent Three Cent Roadways
$ 4,067,532 $ 492,294 $ 1,133,348 $ "1,350,268 $ 1,093,929 $ 7,154,857
46,918 2,211 5,260 4,909 5,445
152,269 17,179 42,388 39,999 43,161
.....4-,2 6�)7-11-9 11,-68'-4""' $ 1,18,0,996 $ 1,395,176 $ 11,142,535 $ 7,154,857
$ 606,629 4,466 $ 64,184 $ 87,711 $ '132,245 $
1,748 560 34 31 1,168 -
55,492 2-1,033 30,418 63,659 38,818 255,071
43,510 - 16,535 - - -
613 57 160 148 1
707,992 26,116 111,331 151,549 172,232 255,071
421,113 - - - -
3,137,614 485,568 1,069,665 1,243,627 970,303 6,899,786
3,558,727 485,568 1,069,665 1,243,627 970,303 6,899,786
............ .............
4,266,7,19 511,684 $ 1,180,996 $ 1,395,176 $ 1,142,535 $ 7,154,857
.............
(Continued)
F-2
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING BALANCE SHEET- CONTINUED
NON MAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2005
SPECIAL
Impact Fees,
Parks and Impact Fees, Impact Fees, Impact Fees,
Recreation, Libraries Solid Waste Police FacflGties
ASSETS
Cash and Cash Equivalents $ 1,127,585 $ 525,228 $ 69,917 $ 248,351
Accounts Receivable, Net
Due from Other Funds -
Due from Other Governmental Units 1,083
Due from Constitutional Officers mm -
Mortgages/Notes Receivable
Allowance for, Mortgages/Notes Receivable
Interest Receivable - - - -
Total Assets $ 1,127,585 $ 526,311 $ 69,917 $ 248,3511
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ $ - $ - $ -
Retainage Payable 33,628
Accrued Wages and Benefits Payable 329
Due to Other Funds -
Due to Other Governmental Units
Due to Constitutional Officers
Deferred Revenues
Accrued Interest Payable - -
Total Liabilities 329 33,628
Fund Balances:
Debt Service -
Unreserved„ Des; qjnated for Special Rev. Fund - - - -
Unreserved, Undesignated 1,127,256 526,311 69,917 214,723
Total Fund Balances 1,127,256 "526,311 69,917 214,723
Total Liabilities and Fund Balances $ 1,127,585 $ 526,311 $ 69,1917 $ 248,351
F-3
REVENUE FUNDS
Fire & Amb Upper Keys L. ncor,p.
Impact Fees, District #1, Health Care Fire & Amb Area Service
irripact Fees, Fair Share Lower and Spe6al District#6, Dlstdct,
Fire & EMS Housing Middle Keys Taxing District Key Largo Parks & Rec.
$ 257,192 $ '108,739 $ 2,079,753 $ 2,369,005 $ 679,655 $ -1,384,302
- 355,799 4 -
32,525 - 473
- 49,632
102,117 '19,574 14,767
--$---25-7,,192 -$ 108,739 $ W570,194 69,005 $ 6,99,233 $ 1,449,174
$ $ 129,571 $ 2,529 $ 103,794 $ 57,572
101,169 3,289 1,176 10,367'
532,883 26,677 101,475 299,313
1,335 172 1,961 2,817
6
764,964 32,667 208,406 370,069
257,192 108,739 1,805,230 2,336,338 490,827 1,079,105
257,192 108,739 1,805,230 2,336,338 490,827 1,079,,105
..............--
257,192 108,739 $ 2,570,194 $ 2,369,005 $ 699,233 $ 1,449,174
(Continued)
F 4
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2005
SPECIAL
Local 911 Duck Key
Housing Municipal Enhancement Security
Assistance Policing Fees District
ASSETS
Cash and Cash Equivalents $ 2,748,141 $ 930,436 $ 498,301 $ 175,814
Accounts Receivable, Net - - 23,417 -
Due from Other Funds 174
Due from Other Governmental Units 44,412 -
Due from Constitutional Officers - 233,777 1,045
Mortgages/Notes Receivable 3,174,961
Allowance for Mortgages/Notes Receivable (3,174,961)
Interest Receivable 51,556 - -
Total Assets _$_2,799,697 $-1,164,,213 $ 566,304 $ 176,859
LIABILITIES AND FUND BALANCES
Liabilities"
Accounts Payable $ 195,390 $ $ 25,138 $ 7,320
Retainage Payable - - -
Accrued Wages and Benefits Payable - 1,138
Due to Other Funds - 52,357 -
Due to Other Governmental Units 163 -
Due to Constitutional Officers - 12,077
Deferred Revenues -
Accrued Interest Payable - -
Total Liabilities 195,553 _64_,434 26,276 7,320
Fund Balances,:
Debt Service
Unreserved, Designated for Speda Rev, Fund - - -
Unreserved, Undesignated 2,604,144 1,099,779 540,028 169,539
Total Fund Balances 2,604,144, 1,099,779 540,028 169,539_
Total Liabilities and Fund Balances $ 2,799,697' $ 1,164,2113 $ 566,304 $ 176,859
F...5
REVENUE FUNDS
Misceflaneous Law Court Drug
Boafing Special! Erwironmental Enforcement Facity Abuse
Improvement-, Revenue Restoration Trust Fees "Trust
$ 1,139,538 $ 3,038,411 $ 81,812 $ 118,,338 $ 1,215,152 $ 82,681
478 -
37,180 76,878 657,197 25,616 1,540
$ 1,176,718 $ 3,115,289 $ 81,812 $ 776,013 $ 1,240,768 $ 84,221
$ 61,953 $ 23,549 $ - $ - $ - $
49,359 55,196 -
- 428 - -
13,816 - 198889
30,271 - -
111,312 123,260 19,889
1,065,406 2,992,029 81,812 756,124 1,240,768 84,221
1,065,406 2,992,029 81,812 756,124 1,240,768 84,221
1,176,718 $ 3,115,289 $ 81,812 $ 776,013 $ 1,240,768 $ 84,221
(COr)fiVIUed)
F.6
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2005
SPECIAL
Marathon Conch Key Bay Point Big Coppitt
Municipal Wastewater Wastewater Wastewater
Service MSTU MSTU MSTU
ASSETS
Cash and Cash Equivalents $ 1,730,030 $ 131957 $ 52,296 $ 167,707
Accounts Receivable, Net - -
Due from Other Funds
Due from Other Governmental Units - - -
Due from Constitutional Officers 16,187 195 725 499
Mortgages/Notes Receivable - - - -
Allowance for Mortgages/Notes Receivable
Interest Receivable - - -
Total Assets $ 1,7'46,217 $ 14,152 $ 53,021 $ 168,206_
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ 3,055 $
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units -
Due to Constitutional Officers 33
Deferred Revenues
Accrued Interest Payable
Total Liabilities 3,088
Fund Balances.
Debt Service
Unreserved, Designated for Spec iM Rev, Fund
Unreserved, Undesignated 111,743,129 14,152 53,021 168,206
Total Fund Balances 1,743,129 14,,152 53,021 168,206
Total Liabilities and Fund Balances $ 1,74.6,217 $ 14,152 53,021 168,206
I:::: 7
DEBT CAPITAL
SERVICE PROJECT
REVENUE FUNDS FUND FUND
Infrastructure 'Total
Key Largo Stock Island Total Nonmajor Sales Surtax Clerk's Nonmajor
Wastewater Wastewater Special Revenue Revenue Bonds, Revenue Governmental
MSTU Funds Series 2003 of Funds
$ 845,986 $ 55,523 $ 44,171,334 $ 634,216 $ 89,945 $ 44,895,495
- 380,654 - 380,654
174,598 - - 174,598
- - 95,605 - - 95,605
13,247 487 2,086,021 - - 2,086,021
- - 3,462,534 - 3,462,534.
(3,462,534) - (3,462,534)
51,556 - - :51,556
$ 859,233 $ 56,010 $ 46,959,768 $ 634,216 $ 89,945 $ 47,683,929
$ 122,625 $ - $ 2,351,857 $ - $ 2,400 $ 2,354,257
- - 33,628 - - 33,628
- - 122,379 - 122,379
- - 1,777,631 - - 1,777,631
- - 72,547 - - 72,547
3 - 65,386 - - 65,386
- - 301,271 - - 30,271
- - - 314,665 - 314,665
122,628 - - 4.,453,699 3,14,66,5 2,400 4,1770,764
- 319,551 - 319,551
- - 421,113 - - 421,113
736,605 56,010 42,084,95,6 - 87,545 42,172,501
736,1605 56,010 42,506,069 319,551 871,545 42,913,165
$ 859,233 $ 56,010 $ 46,959,768 $ 634,216 $ 89,945 $ 47,683,929
F-8
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
SPECIAL
Touhst Tourist
Affordable Development Development
Housing Law All Diisthcts Adrn n & Promo
Programs Library Two Cent Two Cent
Revenues:
Taxes $ $ 3,021,695 $ 6,261,547
Licenses and Permits - -
intergovernmental
Charges for Services 43,449 90,036
Fines and Forfeitures
Investment lncome 8,074 1,199 91,352 94,514
Miscellaneous 7,153 - - 165
Total Revenues 15,22.7. ........ 1,199 3,1156,496 6,1446,262
Expenditures:
Current,
General Government - -
Pubk Safety - -
Physical Environment - - -
Economic Environment - - 3,368,450 6,546,896
Human Services - -
Culture, and Recreation - -
Court Related - -
Capital Projects - -
Debt Service -
Total Expenditures - - 3,368,450 6,546,896
Excess/Deficiency of Revenues
Over/(Under) Expenditures 15,22.7 1,199 (211,954) (100,634)
.................................
Other Financing Sources/(Uses):
Transfers from Other Funds - -
Transfers to Other Funds (60,734) (135,146)
Total Other Financing Sources/(Uses) - - -. (60,734) (135,146)
Net Change in Fund Balances 15,227 1,199 (272,688) (235,780)
Fund Balances-October 1 277,.779 44,110 ...........1 3,261,576 3,766,359
Fund Balances-September 30 293,006 $ 4.5,309 $ 2,988,888 $ 3,530,579
F 9
REVENUE FUNDS
-----T0-UriStT
Development Development Devebpment Development Devebpment
District#One District#Two District#Three District#Four Distric�t#Rve Impact Fees,
Three Cent Three Cent Three Cent Three Cent Three Cent Roadways
$ 2,485,560 $ 267,610 $ 636,728 594,310 $ 657,413 $
35,740 3,848 9,156 8,545 9,453
118,129 13,764 34,068 36,233 29,415 '191,420
23,702 mm - - - 168,707'
2,6634131 285,222 679,952 639,088 696,281 360,127
2,350,186 249,484 653,524, 625,188 579,586
2,350,186 2491,484 653,524 625,188 579,586 -
312,945 35,738 26,428 13,900 116,695 360,127
160 - - 15 -
(55,492) (21,033) (30,418) (37,433) (38,818) (255,071)
(55,332) (21,033) (30,418) (37,433) (38,803) (255,071)
257,613 14,705 (3,990) (23,533) '77,892 '105,056
3,301,114 470,863 1,073,655 19267,160 892,411 6,794,730
3,558,727 $ 485,568 1,069,.665 $ 11,243,627 970,303 $ 6,899,786
(CW)fi17,Ljed)
F-10
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES-CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
SPECIAL
... .......
Impact Fees,
Parks and Impact Fees, Impact Fees, Impact. Fees,
Recreation Librarles Solid Waste Poke Fadlifies
Revenues:
Taxes $ - $ $ $
Licenses and Permits - -
Intergovernmental - -
Charges for Services - -
Fines and Forfeitures - -
Investment Income 289708 13,034 3,119 6,167
Miscellaneous 66,640 54,242 11,871 24,011
Total Revenues 95,348 67,276 14,990 30,178
Expenditures:
Current:
General' Government - -
Puiblic Safety
-
Physical Environment 130,212
Economic Environment -
Human Services -
Culture and Recreation 6,482
Court Related -
Capital Projects
Debt Service
Total Expenditures, 6,482 130,2,12 -
Excess/Deficiency of Revenues
Over/(Under) Expenditures 88,866 67,276 (115,222) 30,178
.................
Other Financing Sources/(Uses)-.
Transfers from Other Funds -
Transfers to to Funds
Total Other Financing Sources/(Uses) - -
Net Change in Fund Balances 88,866 67,276 (115,222) 30,178
Fund Balances-October 1 1,038,390 459,035 185,139 184,545
Fund Balances-September 30 1,127,256 526,311 69,917 $ 214,723
F-1 1
REVENUE FUNDS
--7-reT�Anib �U�pper K-eys -Unincorp.
Impact Fees, Disthct#1, Health Care Fire & Amb Area Service
Impact Fees, Fair Share Lower and Special District#6, District,
Fire & EMS Housing Middle Keys Taxing District Key Largo Parks & Rec.
$ $ 6,392,566 $ $ 1,234,393 $ 1,028,381
17,336 - 703,658
573,918 19,333 64,770
6,493 921 99,931 68,913 22,998 36,906
18,808 92,173 41,170 - 108 31,360 .1.1
25,301 93,094 7,124,921 68,913 1,276,832 1,865,075
- - 30�5,876 - 57,137 -
®
5,902,877 w 843,553
343,294 w -
- 1,483,498
157,236 165,210
- - 6,365,989 343,294 1,065,900 1,483,498
25,301 93,094 758,932 (274,381) 210,932 381,577
- - 97,772 - 150,473
(542,173) (26,677) (101,475) (299,160)
(444,401) (26,677) (101,475) (148,687)
25,301 93,094 314,531 (301,058) 109,457 232,890
231,891 15,645 1,490,699 2,637,396 381,370 846,215
257,192 $ 108,739 $ 1,805,230 $ 2,336,338 $ 4,90,827 1,079,105
(Contir�kjed)
F-12
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES-CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
SPECIAL
Local 911 Duck Key
Housing Municipal Enhancement Security
Assistance Policing Fees Diistrict
Revenues:
Taxes $ 3,462,646 $ $
Licenses and Permits -
Intergovernmental 599,168 - -
Charges for Services 2,972,791 449,993 1,039
Fines and Forfeitures
Investment Income 75,,066 36,636 13,702 4,301
Miscellaneous _ 382,437 _ - 1,185 72,796
Total Revenues 1,056,671 6,472,F17,3 464,880 '78,136
Expenditures:
Current:
General Government 165,880 - 2,153
Public Safety 6,286,744 439,536 46,426
Physical Environment
Economic Environment 1,154,103
Human Services - - -
Culture and Recreation - - -
Court Related - - -
Capital Projects - - -
Debt Service - - - -
Total Expenditures 1,154,103 6,452,624 439,536 48,579
Excess/Deficiency of Revenues
Overl(Under) Expenditures (97,432) 19,449 25,34,4 29,557
Other Financing Sources/(Uses):
Transfers from Other Funds - '174 -
Transfers to Other Funds (52,,357) -
Total Other Financing Sources/(Uses) (52,357) 174
Net Change in Fund Balances (97,432) (32,908) 25,518 29,557
Fund Balances-October 1 2,701,576 1,132,687 514,,510 139,982
...............
Fund Balances-September 30 $ 2,604,144 $ 1,099,779 $ 540,028 $ 169,539
F-1 3
REVENUE FUNDS
Miscellaneous Law Court Drug
Boating Specd EnvironmentW Enforcement Facility Abuse
Improvement- Revenue Restoration Trust Fees Trust
19,946
560,345 '754,644 - - 374,405 11,993
293,848 45,674 '707,508 - I...
29,765 66,835 1,743 2,840 26,349 1,987
18,758 - -
590,110 1,154,031 47,417 710,348 400,754 13,980
- 2261,580 125,145
463,673 - 15,743
- 7,589 -
- 65,183 -
- 18,72,11 -
- 6,603 -
463,673 324,676 15,743 125,145
126,437 829,355 31,674 585,203 400,754 13,980
- 35,537
(48,720) (55,082)
(48,720) (19,545) - -
77,717 809,810 31,674 585,203 400,754 '13,980
987,689 2,182,219 50,138 170,921 840,014 70,241
1,065,406 2,992,029 81,812 '756,124 1,240,768 $ 84,221
(CoWinued)
F.1 4,
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES-CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FORT YEAR ENDED SEPTEMBER 30, 2005
SPECIAL
Marathon Conch Key Bay Point Big Coppitt
Municipal Wastewater Wastewater Wastewater
Service MSTU MSTU MSTU
Revenues:
Taxes $ 1,132,226 $ 13,749 $ 51,114 $ 164,890
Licenses and Permits - -
Intergovernmental - - - -
Charges for Services 16,030 194 719 483
Fines and Forfeitures - -
Investment Income 39,813 322 1,224 2,833
Miscellaneous - -
Total Revenues 1,188,069 14,265 53,057 168,206
Expenditures:
Current:
General Government 33,218 403 1,489 mm
Public Safety - - -
Physical Environment 176,807
Economic Environment -
Human Services
Culture and Recreation
Court Related mm
Capital Projects
Debt Service - -
Total Expenditures 210,025 403 1,489
Excess/Deficiency of Revenues
Over/(Under) Expenditures 97'8,044 13,862 51,568 168,206
Other Financing Sources/(Uses):
Transfers from Other Funds - - - -
Transfers to Other Funds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances 978,044 13,862 5-1,568 168,206
Fund Balances-October 1 765,085 290 1,453 -
Fund Balances-September 30 $ 1,743,129 $ 14,152 $ 53,021 $ 168,206
F-1 5
DEBT CAPITAL
SERVICE PROJECT
REVENUE FUNDS FUND FUND
hfrastalcture Total
Key Largo Total Nonmajor Sales Surtax Clerk's Non major
Wastewater Stock Wand Special Revenue Revenue Bonds, Revenue Governmental
MSTU -.-...Wastewater Funds Series 2003 Note Funds
$ 928,397 $ $ 28,333,225 $ $ - $ 28,333,225
- 19,946 - 19,946
- 1,320,162 656,045 - 1,9, 76,207
13,086 483 6,014,453 - - 6,014,453
1,047,030 - - 1,04.7,030
20,570 918 1,230,262 10,471 2,216 1,242,949
54,609 1,069,895 4,165 1,074,060
962,053 56,010 39,034,973 666,516 6,381 39,707,870
27,119 - 593,275 - - 593,275
- - 13,870,861 - 13,870,861
432,065 - 1,218,500 - 1,218,500
- - 15,535,006 - 15,535,006
- 408,477 - - 408,477
- 1,508,701 - - 1,508,701
- 6,603 - 6,603
- - 36,608 36,608
- 322,446 2,420,981 - 2,743,427
9,134 - -33,463,869 2,420,981 36,608 35,921,458
502,869 56,010 5,571,104 (1,754,465) (30,227) 3,786,412
- - 284,131 1,896,115 2,180,246
(1,759,789) - (1,759,789)
- - (1,475,658) 1,896,115 420,457
502,869 56,010 4,095,44.6 141,650 (30,227) 4,206,869
233,736 - 38,410,623 177,901 117,772 38,706,296
$ 736,605 $ 56,010 $ 42,506,069 $ 319,551 87,545 42,913,165
F-1 6
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
AFFORDABLE HOUSING PROGRAMS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
—Budget Budget Actual (Negative)
REVENUES:
Investment Income $ 4,143 $ 4,143 $ 8,074 $ 3,931
Miscellaneous 7,,153 7,153
Total Revenues 4,,143 4,143 15,227 1-1,084
EXPENDITURES:
Current:
Economic Environment:
Affordable Housing Initiatives 272,436 272,436 - --... 272,436
Excess/Deficiency of Revenues
Over/(Under) Expenditures 68,293). (268,293) '15,227 283,520 ,
Other Financing Sources/(Uses):
Reserve for Contingencies 5,00 i51 10 0-a - 5,0010
Net Change in Fund Balances (273,293) (273,293) 15,227 288,520
Fund Balances, October 1 277,779 277,779 277,779 -
Fund Balances, September 30 $ 4,486 $ 4,486 293,006 $ 288,520
F-17
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, ALL DISTRICTS, TWO CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 2,569,344 2,569,344, 3,021,695 $ 452,351
Charges for Services - 43,449 43,449
Investment Income - - 91,352 91,352
Total Revenues 2,569,344 2,569,344 3,156,496 587,152
..........
EXPENDITURES:
Current.
Economic Environment:
Cultural Umbrella 672,600 672,600 490,229 182,371
Fishing Umbrella 724,800 724,800 624,011 100,789
Dive Umbrella 350,000 350,000 333,685 16,315
Operations - Events 1,592,800 1,642,800 1,209,835 432,965
Catastrophic Emergency 832,833 782,833 - 782,,833
Special Projects 838,230 838,230 710,690 127,540
Total Expenditures 5,011,263 5,011,263 3,368,450 1,64_2,815_
Excess/Deficiency of Revenues
Over/(Under) Expenditures 2,14 1.,c)19 954 2,229,965
(2,441,919) ..............
Other Financing Sources/(Uses):
Transfers to Other Fund's 86,53L 86,5831 60,734 25,849
Net Change in Fund Balances (2,528,502) (2,528,502) (272,688) 2,255,814
Fund Balances, October 1 3,261,576 3,261,576 3,261,576
Fund Balances, September 30 $ 733,074 $ 733,074 $ 2,988,888 $ 2,255,814
..........::::=� —
F-18
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, ADMINISTRATION AND PROMOTIONAL,
TWO CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 5,474,079 5,474,079 $ 6,261,547 787,468
Charges for Servces - 90,036 90,036
Investment Income 94,514 94,514
Miscellaneous - - 165 165
Total Revenues 5,474,079 5,474,079 6,446,262 972,183
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 4,,578,931 5,128,826 4,672,976 455,850
Administrative Services 709,216 709,321 651,683 57,638
Catastrophic Emergency 1,379,046 829,046 - 829,046
Special Projects 1,384,705 1,384,705 1,222,,237 '1162,468
Total Expenditures 8,051,898 8,051,,898 6,546,896 1,505,002
Excess/Deficiency of Revenues
Overl(Under') Expenditures _JL,577,819 2z.577,819 34 ?0,6 477,185
J
Other Financing Sources/(Uses):
Transfers to Other Funds �.172,417 7-9,4171 35,146 44,271
J
Net Change in Fund Balances (2,757,236) (2,757,236) (235,780) 2,521,456
Fund Balances, October 1 3,766,359 3,766,359 3,766,359 -
Fund Balances, September 30 $ 1,009,123 $ 1,009,123 $ 3,530,579 2,521,456
IF-19
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT#ONE, THREE CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 2,183,687 $ 2,183,68,7 2,485,560 $ 301,873
Charges for Services - 35,740 35,740
Investment Income 118,129 118,129
Miscellaneous - - 2,3,702 23,702
Total Revenues 2,183,687 2,183,687 2,663,131 479,444
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 11,304,867 1,304,867 1,261,194 43,673
Administrative Services 88,650 88,650 61,151 27,499
Catastrophic Emergency 424,448 424,448 - 424,448
Special Events 275,416 227,484 152,335 75,149
Bricks and Mortar 2,310,018 2,310,018 875,506 1,434,512
Beaches 404,900 404,900 - 404,900
I otal Expenditures 4,808,299 4,7601,367 2,350,186 2,410,181
Excess/Deficiency of Revenues
Over./(Under) Expenditures __2,624,61 Z 2,576,6801 312,945 2,889,625
Other Financing Sources/(Uses):
Transfers from Other Funds 160 160
Transfers to Other Funds ..............(7,5601 55,492 55,492,
Total Other Financing Sources/(Uses), (7,5602 _L5�,492 L55,332 160
Net Change in Fund Balances (2,632,172) (2,632,172) 257,613 2,889,785
Fund Balances, October 1 3,301,114 3,301,11-14 3,301,114 -
Fund Balances, September 30 $ 668,942 $ 668,942 $ 3,558,727 $ 2,889,785
F-20
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT#TWO, THREE CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
"Taxes $ 219,284 $ 219,2'84 $ 267,610 $ 48,326
Charges for Services - - 3,848 39848
Investment Income - 13,764 13,,764
Total Revenues 219,284 219,284 285,222 65,938
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 161,490 173,471 170,912 2,559
Administrative Services 10,434 10,434 5,824 4,610
Catastrophic Emergency 33,393 13,059 13,059
Special Events 27,981 16,000 10,487 5,513
Bricks and Mortar 333,325 3:33,326 40,27'3 293,053
Tourist Information Services 21,988 21,988 21,988 -
Total Expenditures 588,611 568,278 249,484 3'1 F,794
Excess/Deficiency of Revenues
Over/(Under) Expenditures (369,327)
_L,3 6',99jj_ 35,738 384,732
Other Financing Sources/(Uses):
Transfers to Other Funds _EOOi 21,0331 2_1,0,-3 31 -
Net Change in Fund Balances (370,027) (370,027) 14,705 384,732
Fund Balances, October 1 470,,86,3 470,863 470,863 -
Fund Balances, September 30 $ 100,836 $ 1001,836 $ 485,568 $ 384,732
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
.SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT#THREE, THREE CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 495,051 $ 495,051 $ 636,728 $ 141,677
Charges for Services - - 9,156 9,156
Investment Income - - 34,0638 34,068
Total Revenues 495,051 495,0511 679,952 184,901
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 234,420 234,420 221,849 12,571
Administrative Services 25,208 25,208 15,920 9,288
Catastrophic Emergency 73,955 73,955 - 73,955
Special Events 267,313 267,313 235,238 32,075
Bricks and Mortar 831,149 802,691 180,517 622,174
Total Expenditures 1'432'045 1,403,587 653,524 750,063
Excess/Deficiency of Revenues
Over/(Under) Expenditures (936,994) (908,536) 26,428 934,964
Other Financing Sources/(Uses):
Transfers to Other Funds (1,960) (3 0,4 (30,418) -
Net Change in Fund Balances (938,954) (938,954) (3,990) 934,964
Fund Balances, October 1 1,073,655 1,073,655 1,073,655 -
Fund Balances, September 30 $ 134,701 134,701 1,069,665 934,964
F-22
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT#FOUR, THREE CENT SPECIAL REVENUE FUND
FORT YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 490,560 $ 490,560 $ 594,310 $ 103,750
Charges for Services - - 8,54.5 8,545
Investment Income - - 36,233 36,233
rotal Revenues 490,560 490,560 639,088 14,8,528
............
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 298,458 447,493 443,918 3,575
Administrative Services 19,558 19,558 14,408 5,150
Catastrophic Emergency 138,782 103,169 - 103,169
Special Events 262,433 113,398 38,998 74,400
Bricks and Mortar 899,442 899,442 123,168 776,274
Tourist Information Services 4,696 4,696 4,696
Total Expenditures 1,,623,369 1,587,756 625,1188 962,568
Excess/Deficiency of Revenues
Over/(Under) Expenditures 1.111,096
__ill 13�2,8O 9 (1,097,196) 13,900
Other Financing Sources/(Uses):
Transfers to Other Funds (1,8�2O 37,43 3 7,43 3
Net Change in Fund Balances (1,134,629) (1,134,629) (23,,533) 1,111,096
Fund Balances, October 1 1,267,160 1,267,160 1,267,160 -
Fund Balances, September 30 $ '132,531 132,531 1,243,627 1,111,096
F-23
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #FIVE, THREE CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 563,212 563,212 $ 657,413 $ 94,201
Charges for Services - 9,453 9,453
Investment Income - - 29,415 29,415
'Total Revenues 563,212 563,212 696,281 133,069
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion 257,396 257,396 240,671 16,725
Administrative Services 20,624 20,624 16,047 4,577
Tourist Information Services 11,027 11,027 11,027 -
Catastrophic Emergency 117,545 117,544 - 117,544
Special Events 84,473 84,474 22,133 62,341
Bricks and Mortar 790,149 753,291 289,708 463,583
Total Expenditures 1,281,214 1,244,356 579,586 664,770
...........
Excess/Deficiency of Revenues
Over/(Under) Expenditures (71 8,0022rr 116,695 797,839
Other Financing Sources/(Uses):
Transfers from Other Funds 15 15
'Transfers to Other Funds .....L38,8181
..............
'Total Other Financing Sources/(Uses)._JL,96(Yj 8) _JL8,8031 15
�38,81. ..........
Net Change in Fund Balances (719,962) (7-19,962) 77,892 797,854
Fund Balances, October 1 892,411 892,411 892,411 -
Fund Balances, September 30 $ 172,449 $ 172,449 $ 970,303 $ 797,854
F-24
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - ROADWAYS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget —Budget Actual (Negative)
, REVENUES:
Investment Income $ 82,700 $ 82,700 $ 191,420 $ 108,720
Misc0aneous 107,000 10�7,000 168,707 61,707
Total Revenues 18 9,700 189,70 360,127 170,427
................................
EXPENDITURES:
Current:
Transportation:
Fair Share Improvernent County Wide 1,267,911 1,267,911 1,267,911
Fair Share Improvement Dist 1 128,765 128,765 128,765
Fair Share improvement Dist 2 1,846,103 1,846,103 - 1,846,103
Fair Share Improvement Dist 3 2,782,358 2,527,287 - 2,527,287
Fair Share Improve Key Coiony Beach 154,518 154,518 - '154,,518
— 79 T4,,T8 4--- - —5,-924,584,Total Expenditure 6,17 9,655
Excess/Deficiency of Revenues
Over/(Under) Expenditures 360,127 6,095,011
Other Financing Sources/(Uses):
Transfers to Other Funds 2��,O71 ........... 2 1j. -
Net Change in Fund Balances (5,989,1955) (5,,989,955) 105,056 6,095,011
Fund Balances, October 1 6,794,730 6,794,730 6,794,730 -
Fund Balances, September 30 $ 804,775 $ 804,775 $ 6,899,786 $ 6,095,011
i.........25
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SET EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Investment Income $ 16,800 '16,800 $ 28,708 $ 11,908
Misc0aneous 29,700 29,700 66,640 36,940
Total Rev 00 enues 46,5 46,500 95,348 48,848
EXPENDITURES:
Current-
Culture and Recreation:
Distdct 1 Projects 265,005 265,005 265,005
Distdct 2 Projects '195,326 195,326 - 195,326
Key Largo Skate Park 450,908 450,908 6,482 444,4 26
Total Exp and tunes 911,239 911,239 6,4 904,757
....... .....
Net Change in Fund Balances (864,739) (864,739) 88,866 953,605
Fund Balances, October 1 1,038,390 1,038,390 1,038,390
Fund Balances, September 30 $ 173,651 173,65,1 $ 1,127,256 $ 953,605
F26
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - LIBRARIES SPECIAL REVENUE FUND
FORT YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
............
REVENUES:
Investment Inc me $ 5,000 $ 5,000 $ '13,034 $ 8,034,
MisceIlaneous 40,000 40,000 54,242 14,242
...................
Total Revenues 45,0()0 45,000 67,276 22,276
EXPENDITURES.,
Current:
Culture and Recreation:
County Wide Library Projects 413,636 413,636 4,13,636
Net Change in Fund Balances (368,636) (368,636) 67,276 435,,"'3,12
Fund Balances, October 1 459,,035 459,035 459,035 -
Fund Balances, September 30 $ 90�,399 $ 90,399 $ 526,311 $ 435,912
F
MONROE COUNTY, FLORIDA-BOARD F COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, IT I
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - SOLID WASTE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
VS:
Investment Income $ 4,300 $ 4,300 $ 3,119 $ (1,181)
Miscellaneous 12,000 12,000 11,871 (12-9
Total Revenues 16,300 16,300 14,990 (1,310)
EXPENDITURES:
Current:
Physical Environment:
County Wide Solid Waste Projects 62,185 62,185 - 62,185
Clam Truck 84,803 84,803 84,803 -
Mow Trim 45,409 45,409 45,409 -
Total Expenditures 192,397 192,397 130,212 62,185
Net Change in Fund Balances (176,097) (176,097) (115,222) 60,875
Fund Balances, October 1 185,139 185,139 185,139 -
Fund Balances, September 30 $ 9,042 $ 9,042 $ 69,917 $ 60,875
F-28
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - POLICE FACILITIES SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Investrnent Income $ 8,400 $ 8,400 $ 6,167 $ (2,233)
Miscellaneous 24,500 24,5010 24,011 _ETK
'Total Revenues 32,900 00 30,178 __L2,72 .
EXPENDITURES:
Current:
Public Safety:
Couinty Wide Police Facility 186,532 186,532 - 186,532
Net Change in Fund Balances (153,632) (153,632) 30,178 183,810
Fund Balances, October 1 184,,545 184,545 184,545
Fund Balances, September 30 $ 30,913 $ 30,913 $ 214,723 $ 183,810
F-29
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES ® FIRE AND EMS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
.. ..............................
REVENUES:
Investment Income $ 3,850 $ 3,850 $ 6,493 $ 2,643
Misceflaneous .16,000 16,000 18,808 2,808
'Total Revenues 19,85�0 19,850 25,301 5,451
EXPENDITURES:
Current:
Public Safety:
Disthct 1 Rre & EMS Project 8-7,388 8-7,388 mm 87,388
Disthct 2 Fire & EMS Project 12,229 12,229 12,229
District 3 Fire & EMS Project 128,400 128,400 128,400
Key Colony Beach Fire & EMS 28,170 28,170 28,170
District, 1 Fire Hydrants 59,652 59,652 59,652
District 2 Fire Hydrants 13,709 13,709 mm 13,709
District 3 Fire Hydrants 75,416 75,4,16 75,416
Dotal Expenditures 404,964, 404,964, 4,04,964
Net Change in Fund Balances (385,114) (385,114) 2115,301 410,415
Fund Balances, October 1 231,891 231,891 231,8911 -
Fund Balances, September 30 $ (1153,223) (153,223) 257,192 4101,415
F-30
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FIRE AND AMBULANCE DISTRICT#1 - LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
..................
REVENUES:
Taxes 6,635,441 6,,635,441 6,392,566 $ (242,875)
Intergovernmental 10,000 10,000 17,336 7,336
Charges for Services 300,000 300,000 573,1918 273,918
Investment Income 50,000 50,000 99,931 49,931
Miscellaneous - - 41,170 41,170
I otal Revenues 6,995,441 6,995,441 7,124,921 129,480
...............................
EXPENDITURES:
Current:
General Government:
Tax Collector 155,,000 210,862 188,1235 22,627
Property Appraiser 86,295 117,641 11'7',641
Total General Government 241,295 328,5,03 3 22,62.7
Public Safety:
Fire Rescue - Central 2,287,886 1,945,897 1,755,603 190,294
Lower & M�dOe Keys Ambulance D°st 3,632,825 4,247,280 4,147,274 100,006
Total PUbfic Safety 5,920,711 6,193,177 5,902,877 290,300
Debt Service:
Principal - 144,6018 144,608 -
Interest 12,628 12,628
Total Debt Service - 157,236 157,236
Total Expenditures 6,162,006 6,678,916 6,365,989 3.........1...2,927'
.......--.....................
Excess/Deficiency of Revenues
Oveir/(Under) Expenditures 833,435 316,525 758,932 442,407
............
Other Financing Sour-ces/(Use );
Reserve for Contingendes (451,663) - - -
Transfers from Other Funds mm 659247 97,772 32,525
Transfers to Other Funds (L5ff,�000.1 ___!Zfj30q.) 3':!jL,1731 214,827
. ... ..........................-.......................
Total Other Finan(,,ing SOUrces/(Uses)........ 23,663jj591,753 412L.......... 247,352
Net Change in Fund Balances (375,228) ('375,228) 314,531 689,759
Fund Balances, October 1 1,490,699 1,490,699 1,490,699 -
......................-
Fund Balances, September 30 $ 1,115,471 $ 1,115,471 $ 1,805,230 $ 689,759
......................
1:::%.31
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTE MBE R 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
lnvestrnent lncome $ 50,000 $ 50,000 $ 68,913 $ 18,913
EXPENDITURES:
Current:
General Government:
rax Collector "100 100 100
Human Services:
Trauma District Administratiori 175,557 175,557 151,103 24,454
Trauma Transportation and Treatment 887,975 887,975 192,191 695,784
Trauma Pretransportation 147,879 147,879 - 147,879
Trauma Facility Upgrade 400,000 400,000 - 400,000
1 otal Human Services —7,_61 1,411 1,611,411 _343,2.94 1,268,1_17
Total Expenditures 1,611,511 1,611,5 11 343,294 1,268,217
.......... .....................
Excess/Deficiency of Revenues
Over/(Under) Expenditures _L1,561,Ej 1) 1 f)61,51 11 1,287,130
Other Financing Sources/(Uses):
Reserve for Contingencies (90,107) (90,107) 90,107
Transfers to Other Funds 2_8,000.) 6,577) 1,323
Total Other Financing Sources/ Uses 118,107] 1 1�O7 ............... !6,677 9. 1,430
Net Change in Fund Balances (1,679,618) (1,679,6-18) (301,058) 1,378,560
Fund Balances, October 1 2,637,396 2,637,396 2,637,396 -
Fund Balances, September 30 $ 957,778 $ 957,778 $ 2,336,338 1,378,560
..................
F 32
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FIRE AND AMBULANCE DISTRICT#6 ® KEY LARGO SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 1,276,643 1,276,6143 -1,234,393 (42,250)
Charges for Services - 19,333 1 9,333
Investment Incorne 14,000 14,000 22,998 8,998
Miscellaneous - 108 108
Total Revenues T- 0,643 1,290,643 1,276,832
EXPENDITURES:
Current.
General Government:
Tax Collector Fees 28,500 36,038 36,038
Property Appraiser Fees 17,159 21,099 21,099
Total General Government 45,659 57,137 57,137
Public Safety:
Key Largo Ambulance 298,485 350,714 342,737 7,977
Key Largo Fire & Rescue 748,969 571,066 500,816 70,250
Total Public Safety 1,04,7,454 921,780 843,553 78,22-7
......................................................
Debt Service:
Principal 155,370 155,370
Interest 9,840 9,840
.............
Total Debt Service 165,210 1651,210
Total Expenditures 1,093,113 1,144,127 1,065,900 78,227
Excess/Deficiency of RevenUes
Overl(Under) Expenditures 197,530 146,516 210,93�2 64,416
Other Financing Sources/(Uses).,
Reserve for Contingencies (46,998) - -
Transfers to Other Funds �56,0.!2.j.......... J1 5 1,984J . IK5 .. 50,509
. _ .)...............................
Total Other Rnancing Sourcesl(Lises) 2.02,998 151,984 ., 12'LjZL5 50,509
Net Change in Fund Balances (5,468) (5,468), 109,457 114,925
Fund Balances, October 1 381,370 381,370 381,370 -
Fund Balances, September 30 $ 375,902 $ 375,902 $ 490,827 $ 114,925
l::%.33
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
UNINCORPORATED AREA SERVICE DISTRICT -
PARKS AND RECREATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual _(Negative)
REVENUES:
Taxes $ 1,066,290 1,066,290 $ 1,028,381 $ (37,909)
lntergovernrnental 500,000 500,000 '703,658 203,658
Charges for Services 30,000 30,000 64,770 34,770
lnvestment Income 25,000 25,000 36,906 11,906
Miscellaneous 25,000 25,000 31,360 6,360
- 6 4-,2 cT 1,865,075 Total Revenues 1,646,290 1, 6 216,735
EXPENDITURES:
Current:
Culture and Recreation-
Parks & Beaches Unincorporated 1,190,846 1,297,103 1,200,534 96,569
Jacob's Aquatic Center - 225,000 225,000 -
School Board Interlocal, 57,966 57,966 57,964 2
Islarnorada Parks & Beaches 80,000 840 840
Vechicle Replacement 47,663 - 21,406 21,406
Total Expenditures 1,37 ,475 1,602,315 1_,483,498 1118,8 17'
Excess/Deficiency of Revenues
Over/(Under) Expenditures 269,815 43,975 381,577 . 337,602
Other Financing Sources/(Uses):
Reserve for Contingencies (198,431) (43,431) 4,3,431
Transfers from Other Funds 150,000, 150,473 473
'Transfers to Other Funds _222,000) ..�299,I60 (299,1630 -
Total Other Financing Sources/(Uses) (418,431) J122g591) ..�148,687j 43,904,
Net Change in Fund Balances (148,616) (148,616) 232,890 381,506
Fund Balances, October 1 846,215 846,215 846,215 -
Fund Balances, September 30 $ 697,599 $ 697,599 $ 1,079,105 $ 381,506
F-34
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
LOCAL HOUSING ASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Intergovernmental $ 633,314 $ 633,314 $ 599,168 $ (34,14-6)
Investment Income - - 75,066 75,066
Miscellaneous - 382,437 382,437
...........
'Total Revenues 633,314 633,314 1,056,,671 423,357
EXPENDITURES:
Current:
Economic Environment:
Home Owner Down Pyrnt 03 899,000 899,000 827,013 71,987
Home Owner Down Pyrnt 04 4251,000 425,000 4-9,262 375,738
Horne Owner Wastewater Improvement 366,000 366,000 12,669 353,331
SHIP Fair Housing 05 24,000 24,000 24,000
Administration 03 - 15,818 15,818 -
Administration 04 - 12,459 12,459
Administration 05 82,648 54,371 11,882 42,489
Rental Rehabilitation 03 225,000 225,1000 225,000 -
Rental Rehabilitation 04 15(),000 150,000 150,000
'Total Expenditures 2,171,648 2,171,648 1,154,103 1,0117,545
... ........
Excess/Defidency of Revei`Wes
Over)(Ul ride r) Expenditures .3 6„334 1,533p334 97,4,t 1,440,902
Other Financing Sources/(Uses)-
Reserve for Contingencies 03 (5,000) (5,000) 5,000
Reserve for, Contingencies 04 (5,000:) (5,000) 5,000
Reserve for Confingencies 05 L5,,00()L 5,0100 5,000
....................-
"Total Other Financing SOLir,ces/(L)ses)-----il-'1-00-C)I...........----115 100D .......... 15,000
Net Change in Fund Balances (1,553,334) (1,553,334) (97,432) 1,455,902
Fund Balances, October 1 2,701,576 2,701,576 2,701,576
Fund Balances, September 30 $ 1,148,242 $ 1,148,242 $ 21,604,144 $ 1,455,902
F.,.35
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
MUNICIPAL POLICING SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
...............
REVENUES:
Taxes $ 3,593,235 3,593,235 $ 3,462,646 $ (130,589)
Charges for Services 2,674,890 2,674,890 2,972,791 297,901
Investment Income 20,000 20,000 36,636 '16,636
'Total Revenues 6,288,125 6,288,125 6,47E073_ 1-83,948
.......................
EXPENDITURES:
Current:
General Government:
Property Appraiser 68,290 68,2'90 63,720 4,570
Tax Collector 100,000 '102,650 102,160 490
l'otal General Government 1-68,290 77-0,9T"� "'_ 165,880 -5,060
Public Safety:
Insurance Uniincorporated & Layton 465,200 468,069 468,069 -
Insurance Islamorada 181,200 185,763 '185,763 -
Insurance Marathon 177,400 152,120 151,624 496
Sheriff Unincorporated & Layton 2,889,982 2,889,982 2,889,982
Sheriff Wamorada 1,241,785 1,241,785 1,241,785
Sheriff IMarathon 1,098,404 1,098,404 1,098,404
School Crossing Guard 251,117 251,117 25-1,117 -
Total Public Safety 6,305,088 6,287,240 6,286,744 496
Total Expenditures 6,473,378 6,458,180 6,452,624 5,556
Excess/Deficiency of Revenues
Overl(Under) Expenditures (18L2531_J1.10,05..a 19,449 189,5014
Other Financing Sources/(Uses),.
Reserve for Contingencies (207,670) (195,670) 195,670
Transfers to Other Funds 72,670)'_92,868 52,3L71 47,511
Total Other Rnancung Souirces/(Uses) �340 _____J�.9�5,538 52,..2�57 243,181
Net Change in Fund Balances (4,65,593) (465,593) (32,908) 432,685
Fund Balances, October 1 1,132,687 1,132,6837 1,132,687 -
Fund Balances, September 30 $ 667,094 $ 667,094 $ 1,099,779 432,685
F-36
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
911 ENHANCEMENT FEES SPECIAL REVENUE FUND
FORT YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final-Budget
Original Final Positive
-Budget Budget Actual (Negative)
REVENUES:
Charges for Services $ 396,365 $ 396,365 $ 449,993 $ 53,628
Investment Income 10,000 10,0010 '13,702 3,702
Miscellaneous - 1,185 1,185
"'I"otal Revenues 406,365 406,365 464,880 58,515
EXPENDITURES:
Current:
Public Safety:
911 Enhancement Fund 450,288 511,041 377,231 133,810
911 Wireless 210,348 149,595 62,305 87,290
Mapping Software '148,835 - 148,835 148,835
"Total Expenditures 809,471 809,471 439,536 369,935
Excess/Deficiency of Revenues
Overl(Under) Expenditures (403,106) (403,106 25,344 428,450
Other Financing Sources/(Uses):
Transfer from Other Funds 174 _174
Net Change in Fund Balances (403,106) (403,106) 25,518 428,624
Fund Balances, October 1 514,510 514,510 514,510 -
Fund Balances, September 30 $ 111,404 $ 111,404 $ 540,028 $ 428,624
F37
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
DUCK KEY SECURITY DISTRICT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Charges -for Services $ 1,039 $ 1,039
Investment Income 2,500 2,500 4,301 1,801
Misceflaneous 65,000 65,000 72,796 7,796
Total Revenues 67,500 671500 78,136 1 F,6_36'
EXPENDITURES:
Current:
General Government:
Tax Collector 2,200 2,200 21,153 47
Public Safety:
Island Security 145,025 14.5,025 46,426 98,599
Total Expenciftures 147,225 147,225 48,579 98,646
Excess/Deficiency of RevenUes
Over/(Under) Expenditures 79,725 725 29,557 109,282
Other Financing Sources/(Uses).
Reserve -for Contingencies -(16,000) -Li_8 1-0-0-0-1 - 18,000
Net Change in Fund Balances (97,725) (97,725) 29,557 127,282
Fund Balances, October 1 139,982 '139,982 139,982 -
Fund Balances, September 30 $ 42,257 42,257 169,539 $ 127,282
F-38
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
BOATING IMPROVEMENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Charges for Services $ 500,000 $ 500,000 $ 560,345 $ 60,345
Investment Income 10,00() 10,000 29,765 19,765
Total Revenues 510,000 510,000 _590,110 80,110
EXPENDITURES:
Current:
Physical Environment:
Boating Improvement 107,309 518,753 268,968 249,785
Marine Debris Removal 50,000 36,258 36,258 -
Derelict Vessels 207,191 68,855 68,855
Channel Markers 35,000 -
Regulatory Zones 10,000 7,015 7,015
Channel Marker Repair 100,000 14,776 '14,776
Islamorada Boating Imp Fund 40,000 57,448 57,448
Marathon Boating Imp Fund 40,000
Key West Boating Imp Fund 40,000 - -
Special Marine Projects 70,000 10,453, '10,353 100
Mooring Field Expenses 10,000 1(000 - 10,000
Key Colony Beach 20,000 - -
-- 72-3,5,58 -Total Expenditures 72 7 9,500 463,673 -259,1885
Excess/Deficiency of Revenues
Over/(Under) Expenditures (219,500) (213,558) '126,437 339,995
Other Financing Sources/(Uses):
Reserve for Contingencies (90,000) (11,833) 11,833
Transfers to Other Funds (84,109) 35,389
Total Other Financing Sources/(Uses) L90,000 .(959±L. 7�2O 47,222
J ..................... . ..............-1
Net Change in Fund Balances (309,5001) (309,500) 77,717 387,217
Fund Balances, October 1 987,689 987,689 987,689 -
Fund Balances, September 30 $ 678,189 $ 678,189 $ -1,065,406 $ 387,217
F-39
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
MISCELLANEOUS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Licenses and Permits $ - $ - $ 19,946 $ 19,946
intergovernmental - 7,378 - (7,378)
Charges for Services - 227,437 754,644 527,207
Fines and Forfeitures - 11,000 293,848 282,848
investment Income - 549 66,835 66,286
Miscellaneous - 18,758 18,758 -
Total Revenues - 265,122 1,154,031 888,909
EXPENDITURES:
Current:
Public Safety:
linteragency Communications 1,075,566 737,567 168,553 569,014
Education-Building Department 13,000 13,000 2,945 10,055
Sheriff's 800 Megahertz - 338,000 - 338,000
Teen Court - 55,082 55,082 -
Total Public Safety 1,088,566 1,143,64,9 226,580 917,069
Economic Environment:
SFETC 'Travel 8,886 8,886 - 8,886
SFETC Travel - 10,378 7,589 2,789
SFETC Liaison 12,000 - 12,000
Industrial Developrnent Authority 4,555 4,,555 .- - 4,555
Total Economic Environment 13,441 35,,819 7,589 28,230
Human Services:
F1 Keys Council for the Handicapped 24,878 24,878 10,101 '14,777
Legal Aid 55,082 55,082 -
Total Human Services 24,87 8 79,960 65,183 .. 14,777
Culture and Recreation:
Settler's Park Landscaping 10,315 6,369 - 6,369
Higgs Beach Dog Park 18,758 18,721 37
Library Special Programs 11,000 - 11,000
Total Culture and Recreation 10,315 36,127 '18,7 21 17,406
................
Court Related:
Alt Dispute Resolution - Farniiy 13,230 13,230 1,156 12,074
Alt Dispt,ite Resolution - Civil 11,270 11,270 5,447 5,823
Ord 016 2004 St COUrt, SUP - 51,136 - 51,136
Dotal Court, Related 24,500 75,636 6,603 69,033
......................-
(Continued)
F 4.0
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
MISCELLANEOUS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Total Expenditures 1,161,700 1,371,191 324,676 1,046,515
Excess/Deficiency of Revenues
Over/(Under) Expenditure s _�1,16.1...,700, 1,106,069 829,355 1,935,424
..............
Other Financing Sourcest(Uses):
Transfers from Other Funds 35,537 35,537
Transfers to Other Funds 51631 5,082 549
............. .............
1"otal Other Financing SOUrcesl(Uses)
__L55,63,J1 19,54.5 36,086
Net Change in Fund Balances (1,161,700) (1,161,700) 809,810 1,971,510
Fund Balances, October 1 2,182,219 2,182,219 2,182,2 19 -
Fund Balances, September 30 $ 1,020,519 $ 1,0�20,519 $ 2,992,029 $ 1,971,510
F.41
MO ROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
ENVIRONMENTAL RESTORATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Fines and Forfeitures $ 330,000 330,000 $ 45,674 $ (284,326)
Investment Income - - 1,743 1,743
rotal Revenues 330,000 330,000 47,417 _(.28 5831
EXPENDITURES:
Current:
Physical Environment:
Environmental Restoration 320,980 320,980 15,743 305,237
Culture and Recreation:
Settler's Park 9,083 9,083 - 9,083
Total Expenditures 330,063 330,0�63 15,743 314,320
Excess/Deficiency of Revenues
Over/(Under) Expenditures 31,674 31,737
Other Financing Sources/(Uses):
Reserve-for Contingencies ..........(Zj,43 7 21,437 - 21,437
Net Change in Fund Balances (21,500) (21,500) 31,674 53,174
Fund Balances, October 1 50,138 50,138 50,138
Fund Balances, September 30 $ 28,638 $ 28,638 81,812 $ 53,174
F-42
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Fines and Forfeitures $ - $ 726,809 $ 707,508 $ (19,301)
Investment Income 2,000, 2,000 2,840 840
..........
Total Revenues 2,000 728,809 710,348 __LL,46311
EXPENDITURES:
Current:
Public Safety:
Law Enforcement 1,900, 862,923 125,145 737,778
Excess/Deficiency, of Revenues
Over/(Under) Expenditures 100 �,4,1 14 585,203 719,317
Net Change in Fund Balances 100 (134,114) 585,203 719,317
Fund Balances, October 1 170,921 170,921 170,921 -
Fund Balances, September 30 $ 171,021 $ 36,807 $ 756,124 $ 719,317'
F-43
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
COURT FACILITY FEES SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Rladget Budget Actual (Negative)
REVENUES:
Charges for Services 35,000 $ 35,000 $ 374,405 $ 339,405
Investment Income - - 26,349 26,349
Total Revenues 35,000 35,000 400,754 365,754
EXPENDITURES:
Current:
Court Related:
Court Facility 524,995 524,995 - 524,995
Excess/Deficiency of Revenues
Over/(Under) Expenditures (489,995) (489,995) _400,754 Pon -749
Other Financing Sources/(Uses):
Reserve for Contingencies (42,0.10 O -
01 (42 WWnn) 42,000
Net Change in Fund Balances (531,995) (531,995) 400,754 932,749
Fund Balances, October 1 840,014 840,014 840,0111 -
Fund Balances, September 30 $ 308,019 $ 308,019 $ 1,240,768 $ 932,749
F-44
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
DRUG ABUSE TRUST SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Charges for Services $ 5,000 $ 5,000 $ 11,993 $ 6,993
Investment Incorne - 1,987 1,987
Total Revenues 5,0010 5,000 13,980 8,980
EXPENDITURES-
Current:
Human Services:
Drug Abuse Trust Fund 33,750 33,,750 - 33,750
Excess/Deficiency of Revenues
Overl(Under) Expenditures (23,7501 42,730
L L28�7501 13,980
Other Financing Sources/(Uses):
Reserve for Contingencies (3,0001 (3,000) - 3,000
Net Change in Fund Balances (31,750) (31,750) 13,980 45,730
Fund Balances, October 1 70,241 70,241 70,241 -
Fund Balances, September 30 $ 38,491 $ 38,491 $ 84,221 $ 45,730
F-45
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
MARATHON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 1,173,180 $ 1,173,180 $ 1,132,226 $ (40,954)
Charges for SeiMces - - 16,030 16,030
Investment Income - - 39,813 39,813
'TotaI Revenues 1,173,180 1,173,180 1,188,069 14,889
EXPENDITURES:
Current:
General Government:
Tax Cofiector Fees 33,185 33,285 33,218 67
Physical Environment:
Marathon Wastewater 1,686,336 '1..,686,336 '176,807 1,509,1529
rotaI Expenditures 1,719,521 1,719,621 210,025 1,509,596
Excess/Defidency of Revenues
Oveir/(Under') Expendftures L546,341) ___J64 6,44 1) 978,044 1,524,485
Other Financing Sources/(Uses):
Reserve for Confingencles ___L,50,0001 49,900 49,900
Net Change in Fund Balances (596,341) (596,341) 978,044 1,574,385
Fund Balances, October 1 765,085 765,085 7'65,085 mm
Fund Balances, September 30 $ '168,744 $ 168,744 1,743,129 1,574,385
F-46
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CONCH KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FORT YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES.
Taxes $ 14,559 $ 14,559 $ 13,749 $ (810)
Charges for Services - - 194. 194
Investn')ent Income - - 322 322
Total Revenues 14,559 14,559 14,265 (294)
EXPENDITURES:
Current:
General Government:
Tax Collector Fees 415 415 403
Physical Environment:
Conch Key Wastewater 18,516 18,516 - 18,516
Total Expenditures 18,931 18,931 403 18,528
.. .........
Excess/Defic"iency of Revenues
Over/(Under) Expenditures 13,862 18,234
..................
Other Financing Sources/(Uses)-.
Reserve for Contingencies 5 - 500
Net Change in Fund Balances (4,872) (4,872) 13,862 18,734
Fund Balances, October 1 290 290 290 -
Fund Balances, September 30 $ (4,582) $ (4,582) $ '14,152 18,734
F-47
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
BAY POINT MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 52,393 52,393 $ 51,114 $ (1,279)
Charges for Services - 719 719
Investment Income - - 1,224 1,224
rotal Revenues 52,393 52,393 664
EXPENDITURES:
Current:
General Government:
Tax Collector Fees 1,507 1,507 ..''— 1,489 18
Physical Environment:
Bay Point Wastewater '72,266 72,266 - 72,266
Total Expenditures 73,773 73,773 1,489--. 72,284
Excess/Deficiency of Revenues
Overl(Under) ExpenclitUres J21,380 (21,380) 51,568 72,948
Other Financing Sources/(Uses):
Reserve for Contingencies (2,000) L2,000 2,000
j
Net Change in Fund Balances (23,380) (23,380) 51,568 74,948
Fund Balances, October 1 1,453 1,453 1,453 -
Fund Balances, September 30 $ (21,927) (21,927) $ 53,021 $ '74,948
F-48
MONROE COUNTY, FLORIDA,-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
BIG COPPITT MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPT EMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes $ 170,474 $ 170,474 $ 164,890 $ (5,584)
Charges for Services - - 483 483
Investment Income - 2,,833 2,833
Total Revenues 170,474 170,474 168,206
EXPENDITURES:
Current:
Physical Environment:
Big Coppitt Municipal Svc District 5,114 5,114 5,114
Big Coppitt Wastewater 153,886 153,886 W 1539,886
Total Expenditures 159,000 159,000 - 159,000
Excess/Deficiency of Revenues
Over/(Under) Expenditures 11,474 11,474 168,206 156,732
Other Financing Sources/(Uses):
Reserve for Contingencies -L,9501 2�950 - 2,950
j
Net Change in Fund Balances 8,524, 8,524 168,206 159,682
Fund Balances, October 1 - - - -
Fund Balances, September 30 $ 8,524 $ 8,524 $ 168,,206 $ 159,682
..........
F-49
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
KEY LARGO MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes 961,565 961,565 $ 928,397 $ (33,168)
Charges for Services - 13,086 '13,086
Investment Income - - 201,570 20,570
Total Revenues 961,565 96�1,565 962,053 4,88
.................
EXPENDITURES:
Current:
General Government:
Tax C0ector IF ees 27,,419 27,419 27,119 300
............ ....................
Physical Environment:
Key Largo Wastewater 1,156,068 1,156,068 432,065 724,003
1 otal Expenditures 1,183,487 1,,183,487 459,184 724,303
Excess/Deflclency of Revenues
Overl(Under) Expenditures �(221,??_21 2721,922-) 902,869 724,791
Other Financing SOLirces/(Uses).
Reserve for Contingencies 40„0001... 40,22 40,000_01..._._._ ...............
Net Change in Fund Balances (261,922) (261,922) 502,869 764,791
Fund Balances, October 1 233,736 233,736 233,736
Fund Balances, September 30 $ (28,186) $ (28,186) $ 736,605 764,791
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES ® BUDGET AND ACTUAL
INFRASTRUCTURE SALES SURTAX REVENUE BONDS, SERIES 2003 DEBT SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Intergovernmental $ 656,045 656,045 656,045 $ -
Investment Income 8,000 8,0100 10,471 2,471
Total Revenues 664,045 664,045 666,519 "_ 71
EXPENDITURES:
Current:
Debt Service:
2003 Revenue Bonds:
Principal 1,145,000 1,145,000 1,145,000 w.
Interest 652,230 652,230 640,780 11,450
Other Debt Service Costs 10,000 10,000 - 10,000
Total 2003 Revenue Bonds 1,807,230 1,807,230 1,-78-5,780 -21,450
Guaranteed Entitlement Loan:
Principal 556,044 556,044 556,04,4 -
Interest 80,0100 80,000 79,157 843
Other Debt Service Costs 20,000 20,000 - 20,000
Total Guaranteed Entitlement Ln 656,044 656,0�44 635,201 20,843
Total Expenditures 2,463,274 2,463,274 2,420,981 42,,293
Excess/Deficiency of Revenues
Over/(Under) Expenditures �799,2�29 (1,799,229) _j1,754,465) 44,764
Other Financing Sources/(Uses):
Reserve for Conti nigencies (289,038) (289,038) - 289,038
Transfer from Other Funds 1,807,230 1,807,230 1,896,115 88,885
Total Other Financing SOUrces/(Uses) 1,518,192 1,518,192 1,896,1115 377,923
..........-
Net Change in Fund Balances (281,,037) (281,037) 141,650 422,687
Fund Balances, October 1 177,901 177,901 177,901 -
Fund Balances, September 30 $ (103,136) $ (103,136) $ 319,551 $ 422,687
................
F-51
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISIONERS
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CLERK'S REVENUE NOTE CAPITAL PROJECT'S FUNS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Variance with
Final Budget
Original Final Positive
Buyq±t Eygget Actual (y±qative
J_
REVENUES:
Investment Income $ $ $ 2,216 $ 2,216
Miscellaneous 4,165 4,165
Total Revenues 6,381 6,381
EXPENDITURES:
Current:
Capital Outlay:
Court Services Network System 117,772 36,608 81,164
Exc,ess/Deficiency of Revenues
Over/(Under) Expenditures ILI 7,772 1 30,227 87,545
....................
Net Change in Fund Balances (117,772) (30,227) 87,545
Fund Balances, October 1 117,772 117,772 117,772 -
Fund Balances, September 30 $ 117,772 $ - $ 87,545 $ 87,545
F 52
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF NET ASSETS
INTERNAL SERVICE FUNDS
SEPTEMBER 30, 2005
Worker®s Group is
Compensation Insurance Management
Fund Fund Fund
ASSETS
Current Assets:
Cash and Cash Equivalents $ -7,504,255 10,949,158 $ 2,787,193
Accounts Receivable, Net 15,750 2,971
Due from Other Funds
Due from Other Governmental Units '148,460
Due from Constitutional Officers 23,937 '10 1,771 -
Total current assets 7,528,192 1-1,215,139 2,790,164
.... ........................
Noncurrent Assets,
Land and Other Nondepreciable Assets -
Ca iital Assets, Net of Accum. Depreciation 6,031 2,267 1,985
7 Total Noncurrent Assets 6,031 2, 6/ 1,9857
Total Assets -7,534,223 11,217,406 2,792,1.49
LIABILITIES
Current Liabilities-.
Accounts Payable 29,772 121,315 '14,552
Accrued Wages and Benefits Payable 3,684 4,,343 4,049
Claims and Judgements Payable 1,732,252 3,095,791 1,50-1,607
Due to Other Funds 142 - 5,923
Due to Other Governrnental Units 35,684, -
Accrued Comp, Absences Payable 6,091 -
Other Current Liabilities 4,250 2,885 -
Total Current Liabilities 1,811 ,875 3,224,334 1,526,131
Noncurrent Liabilities:
Accrued Comp. Absences Payable 10,479 '18,264 9,288
Total Liabilities 1,822,354 3,242,5918 1,535,419
NET ASSETS
Invested in Capftal Assets, Net of Related Debt 6,031 2,267 1,985
Unrestricted 5,705,838 7,972,541 1,2154,745
Total Net Assets $ 5,711,869 7,974,808 $ 1,256,730
G-1
Fleet
Management
Fund Total
1,312,015 22,552,621
- 18,721
1,473 1,473
6,392 244,852
49,222 17 , 30
1,459,102 22,992,597
54,000 54,000
1,308,311 1,318,594
1,362,311 1,372,594
2,821,413 24,365,191
147,537 313,176
20,015 32,091
- 6,39,650
445,520 451,585
36 35,720
- 6,091
- 7,135
613,108 7,175,448
62,381 100,412
675,489 7,275,860
1,362,311 1,372,54
783,613 15,716,737
$ 2145,924 $ 17,089,331
G-2
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND NET ASSETS
INTERNAL SERVICE FUNDS
FORT YEAR ENDED SEPTEMBER 30, 2005
WWorker®s Group Risk
Compensation Insurance Management
and Fund Fund
Operating Revenues:
Charges for Servlces $ 2,214,756 $ 14,115,750 $ 1,523,721
Miscellaneous 1901,916 307,534 18,014
Total operating revenues 2,405,672 1 T14,23,284 1,541,735
Operating Expenses:
Personnel Services 167,964 174,949 116,702
Operations 416,314 56-7,241 1,284,,431
Depreciation and Amortization 3,423 893 660
Asserted and Paid Claims 1,699,116 10,319,303 85,264,
Total operating, expenses 2,286,817 11,1062,386 1,487,057
Operating Income/Loss 118,855 3,360,898 54,678
Non-Operating Revenues/(Expenses):
Investment Income 163,157 232,462 75,766
Gain (Loss) on Disposition of Assets 777 - L
6, 121
Total Non-Operating Revenue /(Expenses),. 162,380 232,4,62 69,007
Income/Loss Before Contributions
and Transfers 281,235 3,593,360, 123,685
Transfers from Other Funds -
Transfers to Other Funds -
Capital Grants and Contributions 1,223 - -
Change in Net Assets 282,458 3,593,360 123,685
Total Net Assets-October 1 5,429,411 4,381,44,8 1,133,045
Total Net Assets-September 30 $ 5,711,869 $ 7,974,808 1,256,730
G 3
Fleet
Management
Fern_ Total
2,956,49 20,810,676
680 517,144
2,957,129 21,327,820
865,181 1,324,796
1, 63,229 3,731,215
7 ,531 79,507
- 12,103,683
2, 02,941 17,239,201
55 ,18 4,088,619
33,230 50 ,615
(1 ,800) (22,336)
18,430 482,279
572,618 4,570,898
1, 73 1, 73
(445,500) ( 5,500)
- 1,223
128,591 4,128,094
2,017,333 12,961,237
2,145,924 $ 17,089,331
G-
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Worker's Group is
Compensation Insurance Management
Fund Fund Fund
Operating Activities:
Cash received for services, $ 81,480 $ 3,708,025 $ 36,475
Cash rec'vd from other funds for goods and svcs 2,132,880 10,394,819 1,482,996
Cash payments to suppliers for goods and svcs (1,346,501) (1 i,b88,146) (1,413,884)
Cash payments to employees for services (134,504) (130,923) (92,699)
Cash payments to other funds (29,463) (32,896) (18,029)
Other operating revenue 190,916 349,584 15,354,
...............
Net Cash Provided by/(Used in)
Operating Activities 894,808 3,200,463 10,213
Noncapital Financing Activities:
Transfers from other funds - -
Transfers to other funds
Net Cash Provided/(Used) by Noncapital
Financing Activities
Capital and Related Financing Activities:
AcqOsition of capital assets (5,254) (1,066) (6,195)
Proceeds from save of capital assets - -
et Cash Provided/(Used) by Capital and
Related Financing Activities (1,P 6 19-5
Investing Activities:
Investment income 163,157 232,462 75,766
Net Cash Provided/(Used) ki Investing Activities 163,157 2_32,462 _75 66
Net Increase/(Decrease) in Cash and
Cash Equivalents 1,052,711 3,431,859 79,784
Cash and Cash Equivalents:
October 1 6,451,544 7,517,299 2,707,409
Septernber 30 $ 7,504,255 $ 10,949,158 $ 2,787,1193
G-5
Fleet
Management
Fund Total
1,254,351 5,00,331
1,625, 33 15,636,12
(1, 53,017) (15,301, )
(655,391) (1,013, 17)
(197,739) (27 ,127)
0 556,534
574,317 4,679,801
1, 73 1, 73
1, 73 1, 73
(18,75 ) (31,273)
1,0 1,024
(17,73 } (30,2 }
33,230 504, 1
33,230 504,61
591, 6 5,155,60
70,729 17,396,91
1,312,015 2 ,552,621
(Continued)
-6
MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS
COMBINING STATEMENT OF CASH FLOWS ®CONTINUED
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2005
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
Reconciliation of operating incomel(loss)
to net cash provided by/(used in)
operating activities:
Operating incorne/(ioss) 118,855 $ 3,360,898 $ 54,678
Adjustments to reconcile operating income/(loss)
to net cash provided byl(used in)operating
activities"
Depreciation and Amortization 3,423 893 660
Change in assets and liabilities.
Increase/(Decrease) in Accounts receivable - 42,050 (2,660)
Increase/(Decrease) in Due from other funds -
Increase/(Decrease) in Due from other gov't units - (99,129)
Increase/(Decrease) in Due fun constitutional ofcrs (396) 95,727
Increase/(Decrease) in Accounts payable 14,088 30,507 (33,826)
Increasel(Decrease) in Accrued wages/benefits (6,614) (4,970) (1,034)
Increase/(Decrease) in Claimsl udgments payable 732,252 (212,106) -
Increase/(Decrease) in Due to other funds 142 m 5,,923
Increase/(Decrease) in Due to other gov't units 35,684 -
Increase/(Decrease) in Due to constitutional ofcrs - (9,504) (4,2150)
Increase/(Decrease) in Corrip.absences payable (6,151) (872) (9,278)
Incre,asel(Decrease) In Other current liabififties 3,525 J.,3,0�31
Total adjustments 775,953 ___Llt
Net cash provided boy/(used in)
operating activities $ 894,808 $ 3,200,4,63 $ 110,213
Noncash investing, capital, and financing activities-
Contribution of capital assets from government $ 1,223 $ ...... $ -
Loss on disposition of assets $ _CL77 $ 6,759
$
Cash Reconciliation:
Unrestricted $ "7,504,255 $ 10,949,158 $ 2,787,193
G-7
Fleet
TotalManagement
554,188 4,088,619
7 ,531 79, 07
13 39, 73
(1, 73) (1, 73)
(26,153) (12 ,22)
(49,222) 46,109
72,131 82,900
(30,670) ( 3,2 )
- 520,16
( 00) 5,665
(3) 3 ,61
(13,75 )
(1 ,79 ) (3 ,096)
9
20,129 51,12
74,317 $ 41679,801
- 1,223
$ 515,8241 $ (23,360�
1,312,015 $ 22, 2,621
G-8
MINEW110
Independent Auditors' Report on Internal Control Over Financial Reporting and
On Compliance and Other Matters rs Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards
To the ClerkOfficio„ Mayor and
Board of County Commissioners of
Monroe County„ Florida:
We have audited the financial statements of each major fund and aggregate remaining fund
information of the Monroe County„ Florida Board of County Commissioners (the a oard") as of
and forte year eroded September 30„ 2005, which collectively comprise the Board's basic
financial statements„ and have issued our report thereon dated March 1„ 2006„ We conducted
our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Govemment Auditing
Standards, issued by the Comptroller General of the United Mates.
Internal Control over Financial Reporting
In planning and performing our audit„ we considered the Board's internal control! over financial
reporting in order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and not to provide an opinion on the internal control over
financial reporting. Our consideration of the internal control over financial reporting would not
necessarily disclose all matters in the internal control over financial reporting that might be
material weaknesses, A material weakness is a reportable condition in which the design or
operation of one or more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in amounts that wouldmaterial in
relation to the financial statements being audited may occur not be detected within a firnely
period by employees in the normal course of performing their assigned functions. We notedno
matters involving the internal control over financial reporting and its operation that we consider
to be material weaknesses. However„ we noted other matters involving internal control over
financial reporting that we have reported to management in a separate management letter dated
March 1„ 2006.
Compliance and Other Matters
s part of obtaining reasonable assurance about whether the Board's financial statements are
free of material misstatements, we perfom7ed tests of its compliance with certain provisions of
laws, regulations„ contracts„ and grant agreements„ noncompliance with which could have
direct and material effect on the determination of financial statement amounts. However,
providing:, n opinion on compliance with those provisions was not an objective of our audit, and
accordingly, we do not express such an opinions The results of our tests disclosed no instances
of noncompliance or other, matters that are required to be reported under Government auditing
Standards.
H-1
This report is intended solely for the information and use of management, the Clerk Ex Officio,
the County Mayor and Board of County Commissioners of Monroe County, Florida, and
applicable state and federal agencies, and is not intended to be and should not be used by
anyone other than these specified parties.
AV
West Palm Beach, Florida
March 1, 2006
H-2
Independent Auditors' Management Letter
ro the Clerk Ex Officio„ Mayor and
Board of County, Commissioners of
Monroe County, Florida
-
We have audited the financial statements of each major fund and aggregate remaining fund
information of the Monroe County, Florida Board of County Commissioners (the "Board") as of
and fort e year ended September 30, 2005, n have issued our report thereon dated March 't„
2006. These financial statements are the responsibility of the Board. Our responsibility is to
express opinions on these financial statements based on our audit.
e conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States. In accordance with
those standards, we have also issued our Independent Auditors" Report on Internal Control over
Financial Reporting and on Compliance and Other batters based on an audit of financial
statements performed in accordance with Govemment Auditing Standards, dated March 1
2015, and it should be considered in conjunction with this management letter.
Additionally, our audit was conducted in accordance with Chapter, 10.550, Rules of the Auditor
General. Those rules (Section 1 01.554(1)(h)1) rehire that we address in the management
letter, if not already addressed in the auditors' report on compliance and internal controls,
whether or not significant findings and recommendations made in the preceding annual financial
audit report have been addressed. There were no such matters reported in the preceding
annual financial audit.
The Rules of the Auditor General (Section 10.554(1)(h)2) state that a management letter shali
have a statement as to whether or not the Board complied with Section 218.415, Florida
Statutes, regarding the investment of public funds, In connection with our audit of the financial
statements of the Board, the results of our tests did not indicate that the Board was in
noncompliance with Section 218.415 regarding the investment of public funds.
The Rules of the Auditor General (Section 1 .5 (1)(h)3 require disclosure in the management
letter of any recommendations to improve the Board's financial management„ accounting
procedures, and internal controls. Our recommendations are as follows.
H3
Purchasing
Observation. Purchasing policies are established to promote accountability, to obtain the most
value for goods and services purchased by the County, and to maintain appropriate internal
controls to ensure the County is being a responsible steward of the taxpayer's funds. In
reviewing the minutes of the Board of County Commissioners during the current year, we noted
numerous waivers of the County's purchasing policy, even when the County was not in an
emergency situation as defined by Monroe County Code Section 2-541 Competitive Bidding
Procedures Section (k)(1) due to the recent hurricanes.
Recommendation: We recommend that the Board consider revising the purchasing policy
regarding procedures for emergency situations. Further, the purchasing policy should be
reexamined to limit the need for waivers to rare occurrences, preserving the integrity of the
authorized policy.
State Housing Initiative Program
Observation: The State Housing Initiative Program provides mortgage loans for home
improvement to the citizens of Monroe County who meet income qualifications. When a loan is
granted to a qualified home owner, a mortgage is signed by both the County and the
homeowner for the full amount of the approved loan. Due to the nature of these improvement
loans, the amount actually borrowed could vary from the approved amount; therefore, the
County withholds from filing the mortgage until the rehabilitation project is completed and the
amount is known. During our review of mortgages for completed rehabilitation projects, we
noted that several of these mortgages were not updated for the actual amount of monies used
in the projects and we noted that several mortgages related to completed rehabilitation projects
were not recorded with the County.
Recommendation: We recommend that mortgages be updated to reflect actual amounts
loaned upon completion of rehabilitation projects and be promptly recorded with the County.
We also recommend that the County's grant monitoring procedures include a reporting
mechanism to facilitate monitoring of unrecorded mortgage loans.
The Rules of the Auditor General (Section 10.554(1)(h)4) require disclosure in the management
letter of the following matters if not already addressed in the auditors' reports on compliance
and internal controls: (1) violations of laws, rules, regulations, and contractual provisions that
have occurred, or are likely to have occurred; (2) improper or illegal expenditures; (3) improper
or inadequate accounting procedures (e.g., the omission of required disclosures from the
financial statements); (4) failures to properly record financial transactions; and (5) other
inaccuracies, shortages, defalcations, and instances of fraud discovered by, or that come to the
attention of, the auditor. There were no such matters noted.
The Rules of the Auditor General (Section 10.554(1)(g)5.) also require that the name or official
title and legal authority for the primary government and each component unit of the reporting
entity be disclosed in the management letter, unless disclosed in the notes to the financial
statements. Such disclosure is included in notes to the financial statements.
This report is intended solely for the information and use of management, the Clerk Ex Officio,
the County Mayor and Board of County Commissioners of Monroe County, Florida, and
H-4
applicable state and federal agencies, and is not intended to be and should not be used by
anyone other than these specified parties.
West Palm Beach, Florida
March 1, 2006
H-