Fiscal Year 2005 OOE COUNTY, FLORIDA
PASSENGER FACILITY CHARGES
Schedule of Passenger Facility Charge
Receipts and Expenditures
For the Year Ended
September 30, 2005
MONROE COUNTY, FLORIDA
PASSENGER FACILITY CHARGES
Table of Contents
Page
Independent Auditors' Report---------------- ----------------------------------------- 2
Schedule of Passenger Facility Charge Receipts and Expenditures_____________________________________ 3
Independent Auditors' Report on Internal Control over
Financial Reporting and on Compliance and Other Matters
Based on an Audit of the Schedule of Passenger Facility
Charge Receipts and Expenditures Performed in Accordance
with Government Auditing Standards------------------------------------------------------------------------------------ 4 - 5
Independent Auditors' Report on Compliance with Requirements
Applicable to the Passenger Facility Charge Program and on
Internal Controls over Compliance----------------------------------------------------------------------------------------- 6 - 7
Schedule of Findings and Questioned Costs__________________________________________--------------------------------- 8
Summary Schedule of Prior Year Findings-___------------------------------------------------------------------------- 9
INDEPENDENT AUDITORS' REPORT
To the Honorable Mayor an
Surd of County Commissioners of
oniroe County, Florida
We have audited the accompanying Schedule of Passenger Facility Charge Receipts and
Expenditures (the "Schedule") of Monroe County„ Florida (the "County") for the year ended
September 30, 2005. The Schedule is the responsibility of the County's management, Our
responsibility is to express an opinion on the Schedule 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 Goveminent
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
Schedule is free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the Schedule. An audit also 'includes
assessing the accounting principles used n significant estimates made by management as
well as evaluating the overall presentation of the Scheduler We believe that our audit provides
a reasonable basis for our opinion.
The accompanying Schedule was prepared forte purpose of complying with the Rules and
Regulations of the Federal Aviation Administration relative to Passenger Facility Charges and is
not intended to be a complete presentation of the County's airport revenues, receipts,
expenditures, or expenses. As described on the Schedule„ the Schedule was prepared on the
cash basis of accounting, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America.
In our opinion, the Schedule referred to above presents fairly„ in all material respects, the
activity of the Passenger Facility Charge cash receipts and related expenditures of Monroe
County„ Florida, forte year ended September 30, 2005, on the basis of accounting described
on the schedule.
This report is intended solely for the information and use of the County Mayor, Board of County
Commissioners and management of Monroe County, Florida, and the Federal Aviation
Administration„ and is not intended to be, and should not be, used by anyone other than these
specified parties,
t • s
r
West Palm Beach, Florida
February 1 , 2006
2
MONROE COUNTY, FLORIDA
PASSENGER FACILITY CHARGES
Schedule Of Passenger Facility Charge Receipts and Expenditures
For the Year, Ended September 3O. 2OO5
Passenger facility charge receipts available for approved projects,
beginning Ofyear $ 2.479,093
Amounts collected and includible OO quarterly reports 1.072,925
Interest income 51,598
Total passenger facility charge receipts available 3.803.818
Expenditures paid (364,685)
Passenger facility charge receipts available for approved projects,
end Ofyear 3238931
BASIS OF ACCOUNTING
The above information includes all passenger facility charge receipts and expenditures for
Monroe Countv, Florida. The Schedule was prepared on the cash basis of accounting. Under
this bosis, cash receipts are recognized as revenues when monies are received and
expenditures are recognized when paid.
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INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF THE SCHEDULE OF PASSENGER FACILITY
CHARGE RECEIPTS AND EXPENDITURES PERFORMED IN ACCORDANCE
WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and
Board of County Commissioners of
Monroe County„ Florida
We have audited the Schedule of Passenger Facility Charge Receipts and Expenditures (the
"Schedule") of Monroe County, Florida for the year ended September 30, 2005 and have issued
our report dated February 13, 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 Government Auditing standards, issued by the Comptroller General
of the United States,
Internal Control Over Financial_f3e orti g
In planning and performing our auditor, we considered Monroe County„ Florida's internal control
over financial reporting in order to determine our auditing procedures forte purpose of
expressing our opinion on the Schedule and not to provide assurance on the internal control
over financial reporting. Our consideration of the Internal control over financial reporting would
not necessarily disclose all matters in the internal control over financial reporting that might be
material weaknesses. A material weakness is a 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 would be material in
relation to the Schedule being audited may occur and not be detected within in a timely period
by employees in the normal course of performing their assigned functions. We noted no
matters involving the internal control over financial reporting and its operations that we consider
o be material weaknesses.
Corry„ fi.pncq and Other Matters
As part of obtaining reasonable assurance about whether Monroe County, Florida's Schedule is
free of material misstatement„ we performed tests of its compliance with certain provisions of
the Passenger Facility Charge Audit Guide for Public; Agencies, noncompliance with which
could have a direct and material effect on the determination of the Schedule. However„
providing an opinion on compliance with those provisions was not an objective of our audit and,
accordingly, we do not express such an opinion. The results of our tests disclosed no instances
of noncompliance or other matters that are required to be reported under Government Auditing
Standards.
This report is intended solely for the information and use of the County Mayor, the Board of
County Commissioners and management of Monroe County, Florida, and the Federal Aviation
Administration, and is not intended to be, and should not be, used by anyone other than these
specified parties.
West Palm Beach, Florida
February 13, 2006
5
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INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS
APPLICABLE TO THE PASSENGER FACILITY CHARGE PROGRAM AND ON
INTERNAL CONTROLS OVER COMPLIANCE
To the Honorable Mayor and
Board) of County Commissioners o
Monroe County, Florida
omlirnc
We have audited the compliance of Monroe County, Florida (the "County") with the compliance�
requirements described in the Passenger ,Facility Charge Audit Guide, for Public Agencies,
issued by the Federal Aviation Administration (the "Guide"), for its passenger facility charge
program for the year ended September 30, 2005. Compliance with the requirements of laws
and regulations applicable to its passenger facility charge program is the responsibility of the
County's managements Our responsibility is to express an opinion on the County's compliance
based on our audit.
e conducted our audit of compliance in accordance with auditing standards generally
accepted in the United States of America,, the standards applicable to financial audits contained
in Government Auditing Standards, issued by the Comptroller General of the United States; and
the Guide. Those standards and the Guide require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance requirements
referred to above that could have a direct and material effect on the passenger facility charge
program occurred„ An audit includes examining, on a test basis„ evidence about the County's
compliance with those requirements and performing such other procedures as we considered
necessary in the circumstances. We believe that our audit provides a reasonable basis for our
opinion, Our audit does not provide a legal determination on the County's compliance with
those requirements.
In our opinion, the County complied in all material respects, with the requirements referred to
above that are applicable to its passenger facility charge program for the year ended September
30, 2005.
Internal Control Over_ � nce
The management of the County is responsible for establishing and maintaining effective internal
control over compliance with requirements of laws and regulations applicable to the passenger
facility charge program.. In planning and performing the audit, we considered the County's
internal control over compliance with requirements that could have a directand material effect
on the passenger facility charge program in order to determine our auditing procedures for the
purpose of expressing our opinion on compliance and to test and report on internall control over
compliance in accordance with the Guide,
Our consideration of the internal control over compliance would not necessarily disclose all
matters in the internal control 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 noncompliance with applicable
requirements of laws and regulations caused by error or fraud that would be material in relation
to the passenger facility charge program being audited may occur and not be detected within a
timely period by employees in the normal course of performing their assigned functions. We
noted no matters involving the internal control over compliance and its operations that we
consider to be material weaknesses.
This report is intended solely for the information and use of the County Mayor, the Board of
County Commissioners and management of Monroe County, Florida, and the Federal Aviation
Administration, and is not intended to be, and should not be, used by anyone other than these
specified parties.
West Palm Beach, Florida
February 13, 2006
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MONROE COUNTY, FLORIDA
PASSENGER FACILITY CHARGES
Schedule of Findings and Questioned Costs
Passenger Facility Charge Program
For the Year Ended September 30, 2005
F�aqqgD_g_e_rE_aP �qme__Pro_armn
Internal control over passenger facility charge program:
• Material weakness(es) identified Yes ...........................x.................. No
• Reportable condition(s) identified
that are not considered to be
material weaknesses Yes No
Noncompliance material to passenger
facility charge program ......MX.............................I No
Type of auditors' report issued on compliance for passenger facility charge program-
Unqualified
Any audit findings disclosed .........................................................lies x_ No
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MONROE COUNTY, FLORIDA
PASSENGER FACILITY CHARGES
Summary Schedule of Prior Year Findings
Passenger Facility Charge Program
For the Year Ended September 30, 2005
There were no audit findings in the prior year.
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