Fiscal Year 2013� Monroe County, Ftbrida
� Comprehensive .annual
� FinanciaCReyort
,for the FiscaC year Ended
September 30, 2013
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MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2013
AMY HEAVILIN, CPA
CLERK OF THE CIRCUIT COURT & COMPTROLLER
PREPARED BY:
CLERK OF THE CIRCUIT COURT FINANCE DEPARTMENT
AMANDA COCHRAN
FINANCE DIRECTOR
THIS PAGE INTENTIONALLY LEFT BLANK
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' MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
' FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013
' INTRODUCTORY SECTION
Transmittal Letter of the Clerk of the Circuit Court
' Certificate of Achievement for Excellence in Financial Reporting
List of Elected and Appointed Officials
Organizational Chart
FINANCIAL SECTION
Report of Independent Auditor
Management's Discussion and Analysis
9 Y
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Basic Financial Statements:
Government -Wide Financial Statements
Statement of Net Position
Statement of Activities
Fund Financial Statements
Balance Sheet -Governmental Funds
Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures, and Changes in
Fund Balances of Governmental Funds to the Statement of Activities
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
Major Governmental Funds:
General Fund
Fine and Forfeiture Fund
HIDTA Grants Fund
Governmental Grants Fund
Statement of Net Position - Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position -
Proprietary Funds
Statement of Cash Flows - Proprietary Funds
Statement of Fiduciary Net Position - Fiduciary Funds
Statement of Changes in Fiduciary Net Position - Fiduciary Funds
Notes to the Financial Statements
Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet - NonMajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - NonMajor Governmental Funds
Schedules of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual
Special Revenue Funds:
Affordable Housing Programs
Road and Bridge Fund
Tourist Development, All Districts, Two Cent
Tourist Development, Administration and Promotional, Two Cent
PAGE
Al - A5
A6
A7
A8
B1 - B3
Cl - C12
D1 - D2
D3-D4
E1 - E2
E3
E4 - E5
E6
E7-E10
Ell - E12
E13
E14 - E16
E17 - E20
E21 - E22
E23 - E26
E27
E28
F1 - F39
G1 - G12
G13-G24
G25
G26
G27
G28
MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013
PAGE
Tourist Development, District #One
G29
Tourist Development, District #Two
G30
Tourist Development, District #Three
G31
Tourist Development, District #Four
G32
Tourist Development, District #Five
G33
Impact Fees - Roadways
G34
Impact Fees - Parks and Recreation
G35
Impact Fees - Libraries
G36
Impact Fees - Solid Waste
G37
Impact Fees - Police Facilities
G38
Impact Fees - Fire and EMS
G39
Impact Fees - Employee Fair Share Housing
G40
Fire and Ambulance, District #1 - Lower and Middle Keys
G41
Upper Keys Health Care Special Taxing District
G42
Unincorporated Area Service District - Parks and Recreation
G43
Unincorporated Area Service District - Planning, Building and Zoning
G44 - G45
Municipal Policing
G46
Duck Key Security District
G47
Local Housing Assistance
G48
Boating Improvement
G49
Miscellaneous Special Revenue
G50 - G51
Environmental Restoration
G52
Court Facility Fees
G53
Drug Abuse Trust
G54
Marathon Municipal Service Taxing Unit
G55
Bay Point Municipal Service Taxing Unit
G56
Big Coppitt Municipal Service Taxing Unit
G57
Key Largo Municipal Service Taxing Unit
G58
Stock Island Wastewater
G59
Cudjoe-Sugarloaf Municipal Service Taxing Unit
G60
Conch Key Municipal Service Taxing Unit
G61
Long Key -Layton Municipal Service Taxing Unit
G62
Duck Key Municipal Service Taxing Unit
G63
Building Fund
G64
Sheriffs Teen Court
G65
Sheriffs Federal Forfeiture
G66
Sheriffs State Forfeiture
G67
Sheriffs Contract Administration
G68
Sheriffs Commissary
G69
Sheriffs Interagency Communications
G70
Sheriffs Trauma Star
G71
Sheriffs Radio Communications
Sheriffs Grants
G72
G73
Sheriffs Shared Asset Forfeiture
G74
Sheriffs E911
Clerk's Records Modernization
G75
G76
Clerk's Court Related
G77
'
MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013
'
PAGE
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and
Actual
'
Major Governmental Funds:
One Cent Infrastructure Surtax Capital Project Fund
G78
Big Coppitt Wastewater Capital Projects Fund
G79
'
Cudjoe Regional Wastewater Capital Projects Fund
G80
All Debt Service Funds
G81
Combining Statement of Net Position - Internal Service Funds
G82 - G83
'
Combining Statement of Revenues, Expenses and Changes in Net Position -
Internal Service Funds
G84 - G85
Combining Statement of Cash Flows - Internal Service Funds
G86 - G89
'
Combining Statement of Fiduciary Net Position - All Agency Funds
G90 - G91
Combining Statement of Changes in Fiduciary Net Position - All Agency Funds
G91 - G92
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STATISTICAL SECTION
Introduction
H1
'
Net Position by Component
H2
Changes in Net Position
H3-H5
Governmental Activities Tax Revenues By Source
H6
'
Fund Balances of Governmental Funds
H7
Changes in Fund Balances of Governmental Funds
H8-H9
General Governmental Tax Revenues By Source
H10
'
Assessed Value and Estimated Actual Value of Taxable Property
H11
Direct and Overlapping Governments
H12
Principal Property Taxpayers
H13
Property Tax Levies and Collections
H14
Ratios of Outstanding Debt by Type
H15
Ratios of General Bonded Debt Outstanding
H16
'
Direct and Overlapping Governmental Activities Debt
H17
Legal Debt Margin Information
H18
Pledged -Revenue Coverage - Governmental Activities
H19
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Pledged Revenue Bonds and Notes - Business -type Activities
H2O
Demographic and Economic Statistics
H21
Principal Employers
H22
'
Full-time Equivalent County Government Employees by Function
H23
Operating Indicators by Function
H24
Capital Asset Statistics by Function
H25
MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013
PAGE
SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES
Report of Independent Auditor on Internal Control over Financial Reporting and on
11-12
Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards
Report of Independent Auditor on Compliance for Each Major Federal Awards
13-14
Program and State Financial Assistance Project and on Internal Control
Over Compliance Required by OMB Circular A-133 and Chapter 10.550,
Rules of the Auditor General
Schedule of Expenditures of Federal Awards and State Financial Assistance
15 - 116
Projects
Notes to Schedule of Expenditures of Federal Awards and State Financial
117
Assistance Projects
Schedule of Findings and Questioned Costs - Federal Awards Programs and State
118-124
Financial Assistance Projects
Corrective Action Plan - Federal Awards Programs and State Financial Assistance
125
Projects
Summary Schedule of Prior Year Audit Findings - Federal Awards Programs and State
126
Financial Assistance Projects
Independent Auditor's Management Letter
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AMY REAVILIN, CPA
CLERK OF CIRCUIT COURT 8 COMPTROLLER
MornoE canmr, FLORIDA
June 30, 2014
The Honorable Sylvia Murphy
Mayor, Board of County Commissioners
Monroe County, Florida
Dear Mayor Murphy:
It is our pleasure to present to you, the Board of County Commissioners and the citizens, the Monroe
County, Florida Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September
30, 2013. Chapter 218.39 of the Florida Statutes requires an independent certified public accountant to
audit the financial statements of counties in the State. In addition, the Federal Single Audit Act, the
Florida Single Audit Act and the federal OMB Circular A-133 require an independent auditor to report
on the government's internal controls and compliance with legal requirements concerning the
administration of federal awards and state financial assistance. This report is published to fulfill these
requirements.
This report was prepared by the Finance Department of the Clerk of the Court. Responsibility for both
the accuracy of the presented data and the completeness and fairness of the presentation, including all
disclosures, rests with the Clerk of the Court as Chief Financial Officer of Monroe County. We assert
that, to the best of our knowledge and belief, this financial report is complete and reliable in all material
aspects. It is presented in a format designed to fairly present the financial position and results of
operations of Monroe County as measured by the financial activity of its various funds; and that all
disclosures needed to allow the reader to gain a comprehensive understanding of the County's financial
activity have been included.
The County has established a comprehensive internal control framework that is designed both to
protect the County's assets from loss, theft or misuse and to compile sufficient reliable accounting
information for financial statement preparation in conformity with United States generally accepted
accounting principles (GAAP) established by the Government Accounting Standards Board. Because
the cost of internal controls should not outweigh their benefits, the objective is to provide reasonable
rather than absolute assurance that the financial statements will be free of material misstatement.
' Cherry Bekaert LLP has issued an unmodified ("clean") opinion on the Monroe County, Florida financial
statements for the year ended September 30, 2013. The report of the independent auditor is located at
the front of the financial section of this report.
500 Whitehead Street Suite 101, PO Box 1980, Key West FL 33040 Phone: 305-295-3130 Fax: 305-295-3663
' 3117Overseas Highway, Marathon, FL 33050 Phone: 305-289-6027Fax: 305-289-6025
88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852-7145 Fax: 305-852-7146
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Monroe County Profile
Basic Information
Monroe County was constitutionally formed in 1823. It is comprised of a string of subtropical is-
lands that stretch more than one hundred miles into the Atlantic Ocean. These islands are con-
nected in a chain -like fashion to the mainland by a series of forty-two bridges. The County seat,
Key West, is approximately one hundred fifty miles southwest of Miami. Havana, Cuba lies a mere
ninety miles to the south.
Monroe County is a non -charter county established under the Constitution and the laws of the
State of Florida. Legislative authority and policy decisions are vested in the Board of County
Commissioners consisting of the mayor and four other members, all of whom are elected. The op-
eration of other specific government functions resides with five Constitutional Officers. These Offic-
es are elective and their titles indicative of their specific function. The positions are the Clerk of the
Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Monroe County pro-
vides a full range of services including roads, health and social services, emergency medical ser-
vices, park and recreational services, solid waste services, airport services and other governmental
services.
Reporting Entity
For financial reporting purposes, the County's primary government consists of the Board of County
Commissioners, the Constitutional Officers and the Monroe County Industrial Development Au-
thority, a blended corporate unit. The Monroe County Comprehensive Plan Land Authority is legal-
ly separate and is treated as a discretely -presented component unit. Additional information on
component units can be found in the notes to the financial statements.
Budget
Formal budgetary integration is employed as a management control device during the year for all
fund types except as described in the notes to the financial statements. Constitutional officers
funded by the Board must submit their budgets by June 1 of each year. Monroe County follows the
laws of Florida regarding the control, adoption and amendment of the budget during each fiscal
year. The Board conducts budget meetings on departmental budgets and constitutional officer re-
quests. Based on the information presented at the meetings, a tentative budget is presented to the
public by Board resolution. The public then responds to the tentative budget at public hearings. A
final public hearing is then held and the final budget is adopted. The County Commission exercis-
es budgetary control down to the cost center (departmental) level by requiring a County Commis-
sion resolution for all transfers between cost centers.
Economic Condition
Local Economy
Monroe County occupies a unique and very beautiful corner of the United States. Our subtropical
chain of islands offers mild climate year-round and extensive recreational water activities. This
makes the Florida Keys and Key West a major domestic and international tourist destination. Five
of the top ten taxpayers in Monroe County are in the hospitality industry. Airplane passenger arri-
vals increased from 2012 by 9.5%. Tourist and recreational sales have increased by 7.8% and ho-
tel room rental revenue has increased by 8.0%.
The 2013 tax roll assessed in 2012 remained approximately the same as the prior year. The na-
tionwide real estate market in 2013 appears to have stabilized as has Monroe County. In addition,
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over a ten year period, property tax collections have risen 16.2%. All taxable sales have increased
5.7% from 2012 levels. The local economy is continuing on an upward trend.
The County's unemployment rate of 4.1 % at September 30, 2013 is below the state and national
rates of 7.1 % and 7.0%, respectively.
Long-term Financial Planning
The County has developed the Monroe County 2010 Comprehensive Plan, as adopted in 1995.
This plan has been approved by the State, and describes the County's goals in the areas of land
use; conservation and coastal management; traffic circulation; mass transit; ports, aviation and re-
lated facilities; affordable housing; potable water; solid waste; sanitary sewer; storm water drain-
age; natural groundwater aquifer recharge; recreation and open space; intergovernmental coordi-
nation; capital improvements; and cultural resources.
During the current fiscal year, Monroe County adopted the following amendments to the 2010
Comprehensive Plan as follows:
The County adopted amendments to establish the Commercial Future Land Use Map
(FLUM) category and associated maximum density and intensity standards. This creates a
new FLUM category which provides for alternate uses of private property.
• The five-year schedule of Capital Improvements was updated to ensure the adopted level
of service standards are achieved and maintained.
• The County adopted FLUM amendments for two parcels in Key Largo from Residential Me-
dium to Mixed Use/Commercial to achieve consistency.
The sanitary sewer or wastewater component of the Comprehensive Plan addresses an unfunded
mandate from the State to improve water quality in the Florida Keys by replacing cesspits and sep-
tic systems with a series of central wastewater collection and treatment systems. The County has
completed most of its service area with the exception of the Cudjoe Regional project which in-
cludes Sugarloaf Key, Summerland Key, Cudjoe Key and Big Pine Key. Construction costs are
presently expected to be approximately $168,000,000. To finance the project, the County has lev-
ied wastewater special assessments, obtained a state grant and a Florida Department of Environ-
mental Protection loan, which is collateralized by the local infrastructure sales surtax and
wastewater special assessments.
Although most of the County's capital project funds are committed to the wastewater project, the
County is assembling the funding to bring all facilities in compliance with the American Disabilities
Act over the next five years. The County has secured funding through a Community Development
Block Grant to accomplish this goal.
The County is balancing the use of ad valorem tax revenues with the maintenance of General
Fund reserves used to insulate the General Fund from revenue fluctuations due to disasters of any
kind and provide adequate working capital for operations. The Board continues to respond to the
ongoing economic conditions by maintaining rigorous cost controls, carefully analyzing the need for
each replacement or addition of staff positions, renegotiating contracts, and scrutinizing the cost
benefit of outside contractors. The Board continues to focus on its efforts to balance costs and
services to Monroe County citizens, with a relatively flat revenue base.
The County provides health care coverage for 411 retirees. The Board has reviewed estimates of
the unfunded cost for future years' benefits, and staff is developing strategies to manage the finan-
cial impact to the County. As the actual versus expected cost of retiree health care coverage is
monitored, provisions of the plan may be modified as part of the management strategy.
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Relevant Financial Policies
The Board's financial policies conform to the requirements of Florida Statutes and accounting prin-
ciples generally accepted in the United States. The following updates to the Board's financial poli-
cies were approved in fiscal year 2013 and include implementation of the following provisions:
GASB Statement No. 61, The Financial Reporting Entity. Omnibus, an amendment of GASB
Statements No. 14 and No. 34. Implementation of this statement changes the presentation of
the Monroe County Land Authority from a blended component unit to that of a discretely -
presented component unit.
GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred In-
flows of Resources, and Net Position. This requires the Balance Sheet to present deferred out-
flows and inflows of resources in separate sections following total assets and total liabilities
sections, respectively. In the case of the County, the implementation of this standard was iso-
lated to reclassification of unearned revenue which represents grant funds received in advance
of expenditures and unavailable revenue from charges for services to the appropriate outflow
section of the balance sheet.
Major Initiatives
As mentioned above, the County has an unfunded mandate from the State to improve water quality
in the Florida Keys by replacing cesspits and septic systems with a series of central wastewater
collection and treatment systems. These initiatives have been identified by location and are as fol-
lows:
• Big Coppitt Regional wastewater treatment system -- This comprises a significant portion of
the wastewater project as a whole, was completed in 2011. The project was financed with
a loan and grants from the Florida Department of Environmental Protection, local sales tax
revenues and assessments paid by property owners in the area. This encompasses Big
Coppitt Key, Geiger Key, Shark Key and Rockland Key.
• Duck Key wastewater treatment system -- This project is substantially complete as of Sep-
tember 30, 2013. This encompasses Duck Key, Conch Key and Hawk's Cay.
• Cudjoe Regional wastewater system -- This also comprises a significant portion of the
wastewater project which began in fiscal year 2012. There is an Interlocal Agreement with
the Florida Keys Aqueduct Authority for construction of the Cudjoe Regional project.
• Other projects which have been completed include Stock Island, Bay Point, City of Layton,
Key Colony Beach, Conch Key and Little Venice.
The Florida Keys Municipal service taxing districts have been created to support the cost of
wastewater projects in Conch Key, Bay Point, Big Coppitt, Key Largo, Stock Island, Cudjoe and
Sugarloaf Keys, Long Key -Layton, and Duck Key.
The County continues to stimulate the local economy through increased advertising efforts. Ex-
penditures for the Tourist Development Council increased 13% over those in place last year. The
increased costs are funded by Tourist Development taxes.
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Awards and Acknowledgments
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in Financial Reporting to Monroe County, Florida for its
Comprehensive Annual Financial Report for the fiscal year ended September 30, 2012. This was
the twenty fifth consecutive year the government has achieved this prestigious award.
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In order to be awarded a Certificate of Achievement, a government must publish an easily readable
and efficiently organized comprehensive annual financial report. This report must satisfy both U.S.
generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program's
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
The County also submits its budget document to GFOA, and has received GFOA's Distinguished
Budget Presentation Award for fifteen years.
This report is the product of the dedication of the Finance Department under the direction of the
Clerk of the Court of Monroe County as Auditor and Chief Financial Officer to the Board of County
Commissioners. We would like to express our appreciation to the entire Finance Department and
to other County departments for their assistance in the preparation of this report. Special recogni-
tion goes to Sharon Moore, CPA for her efforts. We also extend our thanks and appreciation to our
independent auditors Cherry Bekaert LLP for their outstanding efforts and assistance. In closing,
we thank the County Commissioners for their interest and support to us throughout the year.
Sincerely,
— "121 �7_2
Amy Heavil n CPA
Clerk of the ircuit Court
Chief Financial Officer
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Amanda Coch n
Finance Director
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Monroe County
Florida
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 2012
*110e O
Executive Director/CEO
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MONROE COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
DANNY KOLHAGE
DISTRICT 1
HEATHER CARRUTHERS
DISTRICT 3
SYLVIA MURPHY, MAYOR
DISTRICT 5
COUNTY ADMINISTRATOR
ROMAN GASTESI, JR.
GEORGE NUEGENT
DISTRICT 2
CLERK OF THE CIRCUIT COURT AND
CHIEF FINANCIAL OFFICER
AMY HEAVILIN, CPA
FMA
DAVID RICE
DISTRICT 4
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Cherry Bekaert
so CPAs S Advisors
1
Report of Independent Auditor
' To the Honorable Mayor and Board
of County Commissioners of
Monroe County, Florida:
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business -type
activities, the discretely presented component unit, each major fund, and the aggregate remaining fund
' information of Monroe County, Florida (the "County"), as of and for the year ended September 30, 2013, and the
related notes to the financial statements, which collectively comprise the County's basic financial statements as
listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
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 the
standards applicable to financial audits contained in Govemment 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 misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the County's preparation and fair presentation of
the financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the County's internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business -type activities, the discretely presented component
unit, each major fund, and the aggregate remaining fund information of the County as of September 30, 2013,
and the respective changes in financial position, and, where applicable, cash flows thereof and the respective
budgetary comparison for the General Fund, Fine and Forfeiture Fund, HIDTA Grants Fund, and Governmental
Grants Fund for the year then ended in conformity with accounting principles generally accepted in the United
States of America.
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Emphasis of Matter
Change in Accounting Principle
As discussed in Note 22 to the financial statements, the County adopted the provisions of Governmental
Accounting Standards Board Statement No. 61, The Financial Reporting Entity: Omnibus, an amendment of
GASB Statements No. 14 and No. 34 and Governmental Accounting Standards Board Statement No. 63,
Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position,
effective October 1, 2012.
Prior Period Adjustment
As discussed in Note 23 to the financial statements, management discovered inaccuracies in the reporting of
the wastewater project assessments and airport receivables in prior years. Accordingly, beginning net position
and fund balances for September 30, 2012 have been restated to properly reflect these changes.
Our opinions are not modified with respect to these matters.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's
Discussion and Analysis as listed in the table of contents be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of management
about the methods of preparing the information and comparing the information for consistency with
management's responses to our inquiries, the basic financial statements, and other knowledge we obtained
during our audit of the basic financial statements. We do not express an opinion or provide any assurance on
the information because the limited procedures do not provide us with sufficient evidence to express an opinion
or provide any assurance.
Supplementary and Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the County's basic financial statements. The introductory section, combining and individual fund
statements and schedules, and statistical section, as listed in the foregoing table of contents, are presented for
purposes of additional analysis and are not a required part of the basic financial statements. The accompanying
Schedules of Expenditures of Federal Awards and State Financial Assistance are presented for purposes of
additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States,
Local Governments, and Non -Profit Organizations and Chapter 10.550, Rules of the Auditor General, and are
also not a required part of the basic financial statements.
The combining and individual fund statements and schedules and the Schedule of Expenditures of Federal
Awards and State Financial Assistance are the responsibility of management and were derived from and relate
directly to the underlying accounting and other records used to prepare the basic financial statements. Such
information has been subjected to the auditing procedures applied in the audit of the basic financial statements
and certain additional procedures, including comparing and reconciling such information directly to the
underlying accounting and other records used to prepare the basic financial statements or to the basic financial
statements themselves, and other additional procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the combining and individual fund financial statements
and schedules and Schedule of Expenditures of Federal Awards and State Financial Assistance are fairly stated
in all material respects in relation to the basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit
of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on
them.
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Other Reporting Required by Government Auditing Standards
' In accordance with Government Auditing Standards, we have also issued our report dated June 30, 2014, on
our consideration of the County's internal control over financial reporting and on our tests of its 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
results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance.
That report is an integral part of an audit performed in accordance with Government Auditing Standards in
considering the County's internal control over financial reporting and compliance.
Orlando, Florida
June 30, 2014
I
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THIS PAGE INTENTIONALLY LEFT BLANK
Management's Discussion and Analysis
As Finance Department management under the direction of the Chief Financial Officer and Clerk of the
1 Circuit Court in Monroe County, we offer readers this narrative overview and analysis of the financial
activities of Monroe County Government for the fiscal year ended September 30, 2013. We encourage
readers to consider this information in conjunction with additional information furnished in the letter of
' transmittal of the report and the basic financial statements for an overall view of Monroe County's
activities.
' Financial Highlights
' • Monroe County's total assets exceeded its liabilities and deferred inflows of resources at
September 30, 2013 by $546,813,559, an increase of $26,104,540 after adjusting for the
change in reporting for the Monroe County Comprehensive Plan Land Authority (MCLA). Net
position for governmental activities was $438,170,822 and $108,642,737 for business -type
activities.
• Unrestricted net position available for Monroe County's ongoing obligations to citizens and
creditors was $63,655,076, an increase of $7,141,991 adjusted for the MCLA in FY 2013.
Governmental activity unrestricted net position was $43,602,257. Business -type activity
unrestricted net position was $20,052,819.
• At September 30, 2013, Monroe County's governmental funds statement reported combined
ending fund balances of $174,560,130, a decrease of $4,001,160 from the previous fiscal
' year.
The General Fund reported an unassigned fund balance of $21,494,627. The General Fund
also reported a total fund balance of $35,647,326, a decrease from the last fiscal year of
$1,790,962. The County experienced a favorable General Fund budget variance, mostly
attributable to lower than anticipated expenditures.
• Bonded debt and loans of Monroe County decreased .$5,513,394 in 2013, due primarily to
defeasance of the Key West International Airport Revenue Bonds, Series 2006 as loan draws
were offset by debt maturities. Monroe County's percentage of bonded debt and loans
compared to net position decreased from 8.0% to 7.2%.
IOverview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to Monroe County Government's
basic financial statements, which include government -wide statements, fund statements, as well as
notes to the financial statements. This report also contains other supplementary information in addition
to the basic financial statements.
Government -Wide Financial Statements
Government -wide financial statements are designed to provide the reader with a broad overview of the
financial position of Monroe County and are similar to private -sector financial statements. They include
a Statement of Net Position and a Statement of Activities. These statements appear on pages D-1
through D-4 of this report.
I C-1
The Statement of Net Position shows the County's assets less its liabilities at September 30, 2013.
The difference between these assets and liabilities is reported as net position. Changes in net position
over time may be indicative of an improving or deteriorating financial position. Net position is reported
in three categories: 1) investment in capital assets, 2) restricted, and 3) unrestricted.
The Statement of Activities, which follows the Statement of Net Position, presents information showing
how the net position changed during fiscal year 2013. The statement presents all underlying events,
which contribute to the change, irrespective of the timing of the related cash flows. Thus, revenues and
expenses are reported in this statement for some items that will only affect cash flows in future fiscal
periods. Such items include revenues earned and expenses incurred but not yet paid as well as
unused vacation leave, all of which will produce changes in cash in a future fiscal period.
Both statements attempt to distinguish functions of Monroe County that are principally supported by
taxes and intergovernmental revenues (governmental activities) from other functions that are intended
to recover all or a significant portion of their costs through user fees and charges for services
(business -type activities). Governmental activities reported in the statements include general
government, public safety, physical environment, transportation, economic environment, human
services, culture and recreation, and court related. Business -type activities include Monroe County's
airports, solid waste and landfill operations, and the Card Sound Road and Toll Bridge.
The government -wide financial statements include the Monroe County Comprehensive Plan Land
Authority, a legally separate entity. Financial information for this component unit is reported separately
within the government -wide financial statements from the financial information presented for the
primary government.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. Monroe County, like other state and local governments,
uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements.
All of the funds of Monroe County can be divided into three general categories: governmental,
proprietary and fiduciary funds.
Governmental Funds
Governmental Funds essentially account for the same functions as those reported in the government -
wide statements described above. However, unlike the government -wide statements, this set of
financial statements focuses on events that produce near -term inflows and outflows of spendable
resources available at the end of the fiscal year, which is a narrower focus than the government -wide
financial statements. Such information may be useful in evaluating the available spendable resources.
These statements appear on pages E-1 through E-16 of this report.
It can be useful to compare the information presented for the governmental funds with similar
information presented for governmental activities in the government -wide statements. Therefore,
reconciliations are provided as a link between both the governmental fund statements and the
government -wide statements to assist in this comparison.
The governmental fund financial statements present financial information for the County's general,
special revenue, debt service and capital project funds. Governmental funds individually presented as
major funds in Monroe County's statements include: the General Fund, three Special Revenue Funds:
Fine and Forfeiture, HIDTA Grants and Governmental Grants, the Debt Service fund and three capital
C-2
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E
project funds: One Cent Infrastructure Surtax, Big Coppitt Wastewater Project and Cudjoe Regional
Wastewater Project.
' There are many smaller governmental funds in Monroe County. They have been presented in a total
column "Nonmajor Governmental Funds." These funds are presented individually in the combining and
individual fund statements section of the report.
' Proprietary Funds
' Monroe County maintains two different types of proprietary funds, enterprise and internal service. The
proprietary fund statements appear on E-17 through E-26 of this report.
' Enterprise funds are used to report business -type activities in the government -wide financial
statements. Monroe County maintains four major enterprise funds: Municipal Service District -Waste,
Key West Airport, Card Sound Bridge, and the Marathon Airport. There are no non -major enterprise
funds.
' Internal service funds are used to accumulate and allocate costs among Monroe County's various
functions. Monroe County uses internal service funds to account for insurance activities (worker's
' compensation, group health and risk management) and fleet maintenance activities. Internal service
funds are presented in total in the fund financial statements but may be reviewed individually in the
combining and individual fund statements section of the report. Because these services predominantly
' benefit governmental rather than business -type functions, they have been included within the
government -wide financial statements as governmental activities. They are also combined into a
single, aggregated presentation in the proprietary fund financial statements.
IFiduciary Funds
' Monroe County uses fiduciary funds to account for resources held for the benefit of parties outside of
County government, such as assets held in trust and agency funds by Monroe County as an agent for
individuals. Fiduciary funds are not reflected in the government -wide financial statements because the
resources of those funds are not available to support Monroe County's own programs. The accounting
' used for fiduciary funds is much like that used for proprietary funds. The fiduciary fund financial
statements appear on pages E-27 through E-28 of this report.
' Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential to a full
' understanding of the data provided in both government -wide and fund financial statements. The notes
commence on page F-1 and continue throughout the entire F page section.
Other Information
Combining and individual statements and schedules mentioned earlier, which present details of non -
major funds used in governmental and enterprise funds, commence on page G-1 and continue
throughout the entire G page section. This section also includes the budget to actual schedules, and
statements for major capital project, internal service and agency funds.
Additional information about Monroe County can be found under the Statistical Section in the H page
section and the Single Audit Section in the I page section of this report.
C-3
Government -Wide Financial Analysis
Monroe County Net Position (in thousands)
Governmental
Business -type
Total Primary
Activities
Activities
Government
2013 2012
2013
2012
2013
2012
Current and Other Assets
$240,217 $231,006
$ 29,848
$ 32,333
$270,065
$263,339
Capital Assets
303,575 279,334
84,620
85,343
388,195
364,677
Total Assets
543,792 510,340
114,468
117,676
658,260
628,016
Current /Other Liabilities
34,359 26,663
3,195
4,648
37,554
31,311
Long -Term Liabilities
71,262 67,560
2,630
8,435
73,892
75,995
Total Liabilities
105,621 94,223
5,825
13,083
111,446
107,306
Net Position:
Net Investment in Capital
Assets
270,423 249,594
84,103
79,206
354,526
328,800
Restricted
124,146 126,461
4,487
8,935
128,633
135,396
Unrestricted
43,602 40,061
20,053
16,452
63,655
56,513
Total Net Position
$438,171 $416,116
$108,643
$104,593
$546,814
$520,709
The overall financial position of Monroe County has remained relatively constant in both fiscal years
2013 and 2012. Changes in net position over time can be one of the best and most useful indicators of
a government's financial position. Monroe County's net position increased in fiscal year ending 2013
by $26,104,540, following an increase in fiscal year ending 2012 of $16,444,189. The current year
increase can be attributed to the large capital outlays.
The largest portion of net position for 2013 and 2012 is Monroe County's net investment in capital
assets (e.g., land and depreciated buildings, infrastructure and equipment). This category represents
64.8% and 61.9% of total primary government net position for fiscal years 2013 and 2012. Monroe
County uses these capital assets to provide services to citizens; consequently, these assets are not
available for future spending. Although Monroe County's investment in capital assets is reported net of
related debt, it should be noted that the resources needed to repay this debt must be provided from
other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
Total primary government net position above also include restricted net position. Restricted net
position are resources subject to external restriction on how they may be used. The restrictions
reported for business -type activities are comprised of the landfill closure and post closure costs and
passenger facility charges. Restrictions reported for governmental activities are special purpose funds
which report the use of resources as designated by external entities. The remaining component of net
position is unrestricted net position. Unrestricted net position may be used to meet the County's
ongoing obligations to citizens and creditors.
Current and other assets, after adjustment for the MCLA, increased in 2013 due to favorable budget
variances.
The increase in capital assets reflects the County's ongoing commitment of resources to the
wastewater improvement construction. The County also continues to construct improvements to public
facilities such as administrative buildings such as the Marathon Courthouse and fire stations as the one
located on Stock Island.
C-4
' Total liabilities were $4,043,810, or 3.8% higher than in 2012. The County received loan draws of
$5,461,341 under the Clean Water State Revolving Fund Construction Agreement that was awarded on
May 28, 2013. Long term debt was reduced pursuant to scheduled retirements and early retirement of
' the debt incurred for the construction of the Key West Airport Terminal. Other post employment
benefits and compensated absences have continued to increase.
' Comparison of Current Assets and Liabilities (in thousands)
A comparison of current assets as compared to current liabilities for both governmental and business -
type activities can be a good indication of Monroe County's ability to meet its current and existing
operational responsibilities. The ratios for the current and prior fiscal years are as follows:
Governmental Business -type
Activities Activities
' 2013 2012 2013 2012
Current Assets $239,861 $221,420 $ 25,192 $ 22,726
' Current Liabilities $ 33 948 $ 26,663 $ 3,195 $ 4,648
Ratio of Current Assets to
Current Liabilities 7.07 8.30 7.88 4.89
r
The schedule above demonstrates that Monroe County has more than adequate cash flows.
t
t
Monroe County Changes in Net Position (in thousands)
Governmental
Business -type
Total Primary
Activities
Activities
Government
2013
2012
2013
2012
2013
2012
Revenues:
Charges for
Services
$ 34,000
$ 26,793
$ 25,981
$ 25,717
$ 59,981
$ 52,510
Operating Grants
and Contributions
26,680
31,140
3,485
3,393
30,165
34,533
Capital Grants
and Contributions
9,689
863
2,344
262
12,033
1,125
General Revenues:
Property Taxes
72,393
74,645
-
-
72,393
74,645
Other Taxes
64,610
64,468
-
-
64,610
64,468
State Revenue
Sharing
3,113
2,969
-
-
3,113
2,969
Investment Income
1,349
1,174
91
155
1,440
1,349
Miscellaneous
2,682
2,777
8
12
2,690
2,789
Total Revenues
214,516
204,849
31,909
29,539
246,425
234,388
Expenses:
General Government
32,495
32,801
-
-
32,495
32,801
Public Safety
97,645
94,622
-
-
97,645
94,622
Physical Environment
4,057
2,251
-
-
4,057
1,978
Transportation
5,810
1,978
-
-
5,810
5,551
Economic
Environment
27,405
29,394
_
27,405
29,394
Human Services
8,773
10,002
-
-
8,773
10,002
Culture and
Recreation
4,945
5,009
_
4,945
5,009
Court Related
8,678
8,708
-
-
8,678
8,708
Interest on Long -Term
Debt
1,346
1,920
1,346
1,920
Solid Waste
-
-
16,147
15,924
16,147
15,924
Toll Bridge
-
-
1,300
1,326
1,300
1,326
Key West Airport
-
-
8,552
9,183
8,552
9,183
Marathon Airport
-
-
1,654
1,525
1,654
1,525
Total Expenses
191,154
189,985
27,653
27,958
218,807
217,943
Change in
Net Position before
transfers
23,362
14,864
4,256
1,580
27,618
16,444
Transfers
415
305
(415)
(305)
-
-
Change in Net
Position
23,777
15,169
3,841
1,275
27,618
16,444
Net Position, Beg,
As Prev Stated
416,116
-
104,593
-
520,709
-
Prior Period Adjust
(1,722)
-
209
-
(1,513)
-
Net Position,
Beginning, Restated
414,394
400,947
104,802
103,318
519,196
504,265
Net Position, Ending
$438,171
$416,116
$108,643
$104,593
$546,814
$520,709
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IGovernmental Activities
' The graph below represents a comparison of program revenues to program expenses for governmental
activities in fiscal years 2013 and 2012. It is apparent from these graphs that general revenues were
required to cover expenses in each of the functions noted.
1
J
J
100.0
80.0
60.0 33.8
40.0 32.4
20.0 9.9
0.0
Monroe County, Florida
Governmental Activities (in Millions)
For the year ended September 30, 2013
■ Program Revenues ❑ Program Expenses
97.
27.4
16.0 4.1 2.0 5.8 1.7n 1.8 8.8 0.3 5.0 4.9 8.6
Ge�e� A`b1c Ahys/ T,a12 FoOno y��a� CG1/'Gi� C0G?
ai S �� 00 ) RQ
Z.
The largest revenue sources for governmental activities in 2013 are property taxes in the amount of
$72,392,013 and all other taxes totaling $64,609,291. Total taxes of $137,001,304 amounted to 63.9%
of Monroe County's governmental activity revenues excluding transfers. The second largest revenue
source is charges for services at 15.8% of governmental activity revenues excluding transfers.
The 2013 graph identifies the largest expense function as public safety amounting to $97,644,691.
This is 51 % of the total expenses for governmental activities. The second largest function is general
government in the amount of $32,494,968 or 17% of total expenses for governmental activities. The
general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court,
and the Supervisor of Elections.
Monroe County, Florida
Governmental Activities (in Millions)
For the year ended September 30, 2012
■ Program Revenues ❑ Program Expenses
100.0 94.6
80.0
60.0
32.8 35.8
40.0
20.0 9.7
0.0
29.4
5.5 10.0 5.0 4.4 8.7
4.3 2.0 1.8 4.0 1.80.6
Cc� A 1h
df�Oc�yQ,c� ,QC
ep `6• .`°od's• �
F,O a
001,ey4bs 0cO ,?
df`Oa
0
C-7
(I
The largest revenue sources for governmental activities in 2012 are property taxes in the amount of
$74,644,751 and all other taxes totaling $64,468,347. Total taxes of $139,113,098 amounted to 66.7%
of Monroe County's governmental activity revenues excluding transfers. The second largest revenue
source is operating grants at 14.9% of governmental activity revenues excluding transfers.
The 2012 graph identifies the largest expense function as public safety amounting to $94,622,170.
This is 49.8% of the total expenses for governmental activities. The second largest function is general
government in the amount of $32,801,656 or 17.3% of total expenses for governmental activities. The
general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court,
and the Supervisor of Elections.
Business -Type Activities
The purpose of proprietary funds is to recover the majority of costs incurred in providing a service
through user fees and charges for that service. Charges for services revenues in 2013 amounted to
$25,981,055 or 81.4% of all revenue sources. Other revenue sources include operating grants, capital
grants, contributions, investment income, and miscellaneous. Total revenues excluding transfers from
other funds were in excess of expenses excluding transfers to other funds by $4,255,575.
The change in net position in 2013 was $3,840,373. This represents an increase of $2,565,735 from
the increase in 2012 of $1,274,638. There was an increase of $2,173,574 in capital and operating
grants, as well as an increase in charges for services of $264,073.
Financial Analysis of Monroe County's Funds
Governmental Funds
Governmental funds provide information on near -term inflows, outflows, and balances of spendable
resources. In assessing Monroe County's financing requirements, unassigned fund balance represents
the County's net resources available for spending at the end of the fiscal year. The governmental fund
types include the general fund, special revenue, debt service and capital project funds.
As mentioned earlier in the Financial Highlights, Monroe County's governmental funds reported
combined fund balances of $174,560,130 at the end of the current fiscal year. This represents a 3.2%
decrease from the prior year. Governmental funds held non -spendable, restricted, committed or
assigned amounts totaling $153,065,503 to reflect the various constraints placed on those resources
for future use.
The General Fund is the chief operating fund of Monroe County and automatically, one of Monroe
County's major funds. At September 30, 2013, total fund balance in the General Fund was
$35,647,326, a decrease of $1,790,962 from the prior year. The unassigned portion of the General
Fund fund balance is $21,494,627 or 60.3%. Total revenues decreased $2,139,352 or 5.8% from the
previous year. Revenue from taxes decreased $2,847,085 due to a decision by the Board of County
Commissioners to levy lower ad valorem taxes which are based on property values. This was partially
offset by Intergovernmental revenues which increased $363,741 and the miscellaneous category which
increased by $387,478. Expenditures increased $1,520,152 or 1.9%.
Fli
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r�
Other Maior Fund Information (in thousands)
Revenues and Other
Sources
Expenses and Other
Uses
Increase/(Decrease) in
Fine and Forfeiture
2013 2012
$ 45,051 $ 45,921
HIDTA Grants
2013 2012
$ 19,072 $ 20,376
Governmental Grants
2013 2012
$ 8,743 $ 6,538
47,065 45,933 19,072 20,376 6,903 7,873
Fund Balance $ (2,014) $ 12 $ - $ - $ 1,840 $ (1,335)
One Cent Big Coppitt Wastewater
Infrastructure Surtax Project
2013 2012 2013 2012
Revenues and Other Sources $ 17,298 $ 16,828 $ 510 $ 693
Expenses and Other Uses
Increase/(Decrease) in
Fund Balance
Revenues and Other Sources
Expenses and Other Uses
30,976 14,267 1,054 45
$ 13,678 $ 2,561 $ (544) $ 648
Cudjoe Regional
Wastewater Proiect
2013 2012
$ 29,474 $ 952
19,297 818
Debt Service
2013 2012
$ 6,281 $ 8,409
6,183 8,077
Increase/(Decrease) in
Fund Balance $ 10,177 $ 134 $ 98 $ 332
Fine and Forfeiture Special Revenue Fund Revenues for this fund decreased slightly. Ad valorem
taxes decreased due to the Board of County Commissioners' decision to levy less taxes and revenues
decreased in the housing of federal prisoner's at the jail. Expenditures increased from 2012 values in
law enforcement and court security.
' HIDTA Grants Special Revenue Fund This fund is used to account for reimbursement grants funded
by the U.S. Department of Justice to fight drug trafficking. The volume of revenues and expenditures
has not significantly changed as programs established by the grantor have been continued.
' Governmental Grants Special Revenue Fund Grant revenue increases resulted from the recognition
of the ARRA Energy Grant deferred revenues from the beginning of the year, Tom's Harbor Bridge
Grant and transfers from other funds. Expenditures decreased 12% from the prior year, almost entirely
' due to the ARRA Energy Grant that was completed in 2012.
One Cent Infrastructure Surtax Capital Proiects Fund The citizens of Monroe County approved a one
' cent sales surtax which is the main revenue source in the fund. Expenditures increased during the
C-9
current year to fund debt retirement and to fund construction costs for the waste water improvement
project.
Big Coppitt Wastewater Project Revenues decreased due to a reduction in the collection of special
assessments associated with the wastewater project. Expenditures increased as a result of a transfer
to the Debt Service Fund to cover the payments due during the year.
Cudjoe Regional Wastewater Project Intergovernmental revenues increased solely due to the Mayfield
Grant of $4,584.323. Other sources increased by the transfer of $19,404,000 from the One Cent
Infrastructure Surtax Fund and $5,461,341 from debt proceeds — The Clean Water State Revolving
Loan Fund note.
Debt Service The County is required to build a wastewater collection system for the Florida Keys. In
the current fiscal year, the County obtained a loan for the Cudjoe Regional Wastewater Project through
the Florida Department of Environmental Protection's Clean Water State Revolving Loan Fund.
Expenditures decreased due to the payment being reduced on the existing CWSRF loan.
Proprietary Funds
Proprietary fund statements provide the same information as in the business -type activities column of
the government -wide statements, but in greater detail and on a fund basis for enterprise funds and
internal service funds.
The Municipal Service District -Waste Enterprise Fund maintains Monroe County's landfills and transfer
sites. Monroe County continues to outsource the waste haul -out services through a major contract.
Revenues for Charges for Services - tipping fees are slightly lower than the prior year. The change in
service revenues is attributed to an improvement in the County's rate of recycling, which continues to
increase. The cost of operations also increased slightly due to an increase in contractual services for
waste haul -out.
Card Sound Bridge Enterprise Fund The Bridge is an alternative route to the "Eighteen Mile Stretch."
Revenues from tolls increased slightly as tourism rebounds somewhat. Investment revenues declined
due to a decrease in investments.
The Key West Airport Enterprise Fund Revenue increased slightly in charges for services. There
were significant increases in capital grants, which were related to security and upgrades of the building.
The Marathon Airport Enterprise Fund This fund experienced a relatively stable year. Operating
grants increased as they funded additional operating expenses.
Other factors concerning the finances of these three major funds have already been addressed in the
discussion of Monroe County's business -type activities.
The internal service funds include the Worker's Compensation Fund, Group Insurance Fund, Risk
Management Fund and the Fleet Management Fund. The self-insurance funds are an important part of
Monroe County's operations.
Internal service fund operating revenues increased slightly in all funds except Fleet Management, which
experienced a slight decrease. Operating expenses rose 9.5% due to higher asserted and paid claims
in the Workers' Compensation and Group Insurance Funds.
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ICapital Assets
Monroe County's financial statements present capital assets in two categories: those assets subject to
' depreciation, such as buildings, infrastructure, and equipment and those not subject to depreciation
such as land and construction in process.
' Net investment in capital assets for both governmental and business -type activities at September 30,
2013, was $354,525,407. Net investment in capital assets for governmental activities is $270,422,340
and $84,103,067 for business -type activities. These capital assets include assets purchased as well as
donated. They also include infrastructure assets, e.g., bike paths, roads, bridges, stormwater and
wastewater sites recorded at historical cost.
' Monroe County has several significant general government construction projects. The County's primary
focus for general government capital assets is the construction of its wastewater collection systems.
Other ongoing projects include the renovation of the Geiger Key Bridge and the Marathon courthouse,
as well as a county -wide project to insure building compliance with ADA requirements.
' Further details are available in Note 7 to the financial statements a es F-16 throw h F-17.
P9 9
Long -Term Debt
At September 30, 2013, Monroe County had long-term debt in the amount of $81,299,251. This debt is
mainly comprised of revenue bonds and notes secured by pledges of revenues. Revenue secured debt
for governmental activities is $39,583,215. Monroe County has no general obligation bonds.
Additions to long-term debt consisted of the following:
• Clean Water State Revolving Fund Construction Loan Agreement 2013 for $5,461,341
• Increases to accrued compensated absences for $1,559,423
• Increases in the cost of other post employment benefits for $3,687,689
Retirements of long-term debt amounted to $18,427,594 which included the retirement of $10,974,735
of revenue bonds and notes.
Moody's Investors Service rates Monroe County, Florida Infrastructure Sales Surtax Revenue Bonds,
Series 2003 and 2007 as "Al". Standard and Poor's Ratings Services have rated these issues "A+".
Further details are available in notes to the financial statements pages F-25 through F-28.
u —
B Budgetary Highlights General Fund
' There were no significant variations from the original budget to the amended budget.
The more significant variations from the amended budget to the actual were the following:
' Miscellaneous Revenues exceeded budget in the line items for the disposition of assets, library
donations, and rents.
' • Public Works Facility Maintenance was under budget in utilities and other contractual services.
• The Sheriff was under budget in Law Enforcement.
C-11
Economic Factors and Next Year's Budgets and Rates
Monroe County's short and long-term goals and policies are developed during the budget process each
year. The BOCC discusses trends, capital projects and policy priorities at public meetings held during
the budget planning phase. These priorities are further refined, clarified and adopted during the budget
preparation. The FY 2014 budget was developed in consideration of the economic stabilization being
experienced and the resulting moderate increases to sales tax revenues. The financial outlook for
Monroe County remains sound. There is a modest rebounding of property values, slow gains in
consumer spending and declining unemployment. Revenues from tourism, our main economic source,
continue to reflect increases.
Total budgeted revenues/sources increased approximately 10.8% between 2013 and 2014. The
increase in the overall budget is attributable to major infrastructure and capital projects. The largest
revenue source of the County's General Fund is ad valorem taxes. The aggregate millage rate for
2014 is equal to the rolled back rate. This a continued trend of the past several years to use surplus
General Fund fund balance to offset ad valorem tax. After property taxes, the Local Government Half -
Cent Sales Tax is the single, largest revenue source in the General Fund. An increase of
approximately 11 % is expected, as the tourism industry shows signs of recovery. Licenses and Permits
are expected to increase 36% due to additional building permits and special assessments.
Budgeted expenditures have increased particularly in the Physical Environment and Transportation
categories. Expenditures for capital projects are ongoing. Significant capital projects include the
following:
• Construction of the Cudjoe Regional Wastewater system
• Continued implementation of ADA compliance retrofits for County Facilities
• Construction/renovation of fire facilities on Stock Island, Conch Key, Plantation Key,
Summerland Key and Crawl Key
• Renovations for Marathon Courthouse, Freeman Justice Center and Drug Court
• Rowell's Marina
• Higgs Beach Master Plan
• Design of County Road 905 bicycle lane
• Customs and Border Protection facility at the Marathon Airport
Tourism revenues are very important to the Keys' economic health, and the County will continue to
advertise the Keys as a tourist destination.
Requests for Information
This financial report is designed to provide a general overview of Monroe County's finances for all those
with an interest in its finances. Questions concerning any of the information provided in this report or
requests for additional information should be addressed to the Finance Director, Clerk of the Circuit
Court, 500 Whitehead Street, Key West, Florida 33040.
C-12
BASIC FINANCIAL STATEMENTS
ASSETS
Current Assets:
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Internal Balances
Due from Other Governmental Units
Advances
Interest Receivable
Inventory
Restricted Cash and Cash Equivalents
Restricted Investments
Total Current Assets
Noncurrent Assets:
Restricted Cash and Cash Equivalents
Restricted Accounts Receivable
Mortgage/ Notes Receivable
Allowance for Mortgage/ Notes Receivable
Bond Issuance Costs
Land and Other Nondepreciable Assets
Other Capital Assets, Net of Accum Deprec
Total Noncurrent Assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Claims and Judgements Payable
Due to Other Governmental Units
Accrued Comp. Absences Payable
Other Current Liabilities
Deposits in Escrow
Unearned Revenue
Accrued Interest Payable
MONROE COUNTY, FLORIDA
STATEMENT OF NET POSITION
SEPTEMBER 30, 2013
Primary Government
Component Unit
Governmental Business -Type
Monroe County- Comp
Activities Activities
Total
Plan Land Authority
$ 71,940,105 $7,947,364 $
79,887,469
$ 14,371,070
131,435,948 15,941,287
147,377,235
-
2,331,837 1,288,461
3,620,298
-
5,738,282 -
5,738,282
-
1,391,140 (1,391,140)
-
-
15,357,642 1,365,616
16,723,258
506,402
4,884,653 -
4,884,653
-
345,760 40,435
386,195
-
5,450 -
5,450
-
348,815 -
348,815
-
6,081,687 -
6,081,687
-
239,861,319 25,192,023
265,053,342
14,877,472
r
-
4,441,530
4,441,530
-
-
214,349
214,349
-
9,076,825
-
9,076,825
9,151,579
(9,076,825)
-
(9,076,825)
-
354,968
119,600,180
-
8,058,193
354,968
127,658,373
-
21,051,752
183,974,873
76,562,144
260,537,017
254
303,930,021
89,276,216
393,206,237
30,203,585
543,791,340
114,468,239
658,259,579
45,081,057
9,830,835
2,180,810
12,011,645
• 750,805
627,575
1,378,380
3,342,459
196,601
3,539,060
2,269,375
-
2,269,375
2,979,647
32,884
3,012,531
2,374,120
16,361
2,390,481
60,385
-
60,385
17,547
90,804
108,351
7,215,889
-
7,215,889
10,051
-
10,051
The notes to the financial statements are an integral part of this statement.
2,077
12,248
22,282
(Continued)
fl
D-1
ti
MONROE COUNTY, FLORIDA
STATEMENT OF NET POSITION - CONTINUED
SEPTEMBER 30,
2013
Primary Government
Component Unit
Governmental
Business -Type
Monroe County- Comp
Activities
Activities
Total
Plan Land Authority
Capital Leases Payable
-
50,000
50,000
-
Revenue Notes Payable
440,338
-
440,338
=
Revenue Bonds Payable
4,656,091
4,656,091
Total Current Liabilities
33,947,542
3,195,035
37,142,577
36,607
'
Noncurrent Liabilities:
Payable from Restricted Assets -
Landfill Closure/Postclosure Costs
-
169,028
169,028
-
Accrued Comp. Absences Payable
7,782,203
279,233
8,061,436
60,565
Capital Leases Payable
-
467,270
467,270
-
Revenue Notes Payable
14,045,468
-
14,045,468
-
'
Revenue Bonds Payable
20,441,318
20,441,318
Other Liabilities
-
135,685
135,685
-
OPEB Liability
28,992,517
1,579,251
30,571,768
-
'
Total Noncurrent Liabilities
71,261,506
2,630,467
73,891,973
60,565
'
Total Liabilities
105,209,048
5,825,502
111,034,550
97,172
DEFERRED INFLOWS OF RESOURCES
Advances from Other Governments
411,470
-
411,470
-
NET POSITION
Net Investment in Capital Assets
270,422,340
84,103,067
354,525,407
21,052,006
'
Restricted:
Public Safety
36,380,946
-
36,380,946
-
Physical Environment
7,250,282
-
7,250,282
-
'
Transportation
15,446,194
2,954,358
18,400,552
Economic Environment
21,105,367
-
21,105,367
-
Land Authority
-
_
-
7,579,268
Court Programs
5,518,143
5,518,143
Human Services
3,124,139
-
3,124,139
-
'
Cultural and Recreation
General
2,744,785
7,390,952
-
2,744,785
7,390,952
-
Landfill Closure and Post Closure
-
1,532,493
1,532,493
-
Capital Projects
Debt Service
22,559,285
2,626,132
-
22,559,285
2,626,132
-
Unrestricted
43,602,257
20,052,819
63,655,076
16,352,611
Total Net Position
$ 438,170,822
$ 108,642,737 $
546,813,559
$ 44,983,885
I
I
D-2
MONROE COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Program Revenues
Operating
Capital
Charges for
Grants and
Grants and
Functions/Programs
Expenses
Services
Contributions
Contributions
Primary government:
Governmental activities:
General Government
$ 32,494,968
$ 9,900,022
$ -
$ -
Public Safety
97,644,691
13,570,962
20,252,458
-
Physical Environment
4,056,887
7,557,781
250,680
8,188,186
Transportation
5,810,368
186,162
334,108
1,501,084
Economic Environment
27,404,840
385,941
1,282,131
-
Human Services
8,772,408
541,277
1,289,151
-
Culture and Recreation
4,945,156
181,329
89,303
-
Court Related
8,678,198
1,676,794
3,182,410
-
Interest on Long Term Debt
1,346,365
-
-
-
Total governmental activities
191,153,881
34,000,268
26,680,241
9,689,270
Business -type activities:
Solid Waste
16,147,322
17,877,147
120,588
-
Toll Bridge
1,299,827
961,458
-
-
Key West Airport
8,551,579
6,325,872
3,020,042
2,243,781
Marathon Airport
1,654,187
816,578
344,668
99,923
Total business -type activities
27,652,915
25,981,055
3,485,298
2,343,704
Total primary government
$ 218,806,796 $
59,981,323 $
30,165,539 $
12,032,974
General Revenues:
Taxes:
Ad Valorem Taxes
Tourist Impact Tax
Gas Tax
1/2 Cent Sales Tax
One Cent Infrastructure Tax
Tourist Development Tax
Other Taxes
Other St. Shared Rev, Unrestricted
Investment Income
Settlements, Insurance Recoveries
Donations, and Other Income
Transfers
Total General Revenues and Trsfs
Change in Net Position
Total Net Position -Beginning
Prior Period Adjustment
Total Net Position -Beginning, Restated
Total Net Position -Ending
The notes to the financial statements are an integral part of these statements.
�I
D-3
1
I
Ij
Net (Expense) Revenue and Changes in Net Position
Primary Government Component Unit
Governmental Business -type Monroe County- Comp
Activities Activities Total Plan Land Authority
$ (22,594,946) $
- $ (22,594,946) $ (548,969)
(63,821,271)
- (63,821,271) -
11,939,760
- 11,939,760 -
(3,789,014)
- (3,789,014) -
(25,736,768)
- (25,736,768) -
(6,941,980)
- (6,941,980) -
(4,674,524)
- (4,674,524) -
(3,818,994)
- (3,818,994) -
(1,346,365)
- (1,346,365) -
(120,784,102)
- (120,784,102) (548,969)
- 1,850,413
1,850,413 -
(338,369)
(338,369)
_ 3,038,116
3,038,116 _
- (393,018)
(393,018) -
- 4,157,142
4,157,142 -
(120,784,102) 4,157,142
(116,626,960) (548,969)
�'I
72,392,013
- 72,392,013 -
3,895,240
- 3,895,240 3,910,253
5,339,694
9,172,600
_ 5,339,694 -
9,172,600
17,172,360
- 17,172,360
27,192,150
- 27,192,150 -
1,837,247
- 1,837,247 -
3,113,211
3,113,211
1,349,397
90,463 1,439, 860 27,922
2,681,696
7,970 2,689,666 -
415,202
(415,202)
-
-
( 144,560,810
(316,769)
144,244,041
3,938,175
23,776,708
3,840,373
27,617,081
3,389,206
416,116,134
104,592,885
520,709,019
41,594,679
(1,722,020)
209,479
(1,512,541)
414,394,114
104,802,364
519,196,478
41,594,679
$ 438,170,822 $ 108,642,737 $ 546,813,559 $ 44,983,885
1 D-4
MONROE COUNTY, FLORIDA
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
Assets
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Inventory
Total Assets
Liabilities, Deferred Inflows of
Resources and Fund Balances
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances:
Fine & HIDTA Governmental
General Forfeiture Grants Grants
$16,403,580
$ 4,179,080
$ 701,493
$ 616,867
25,723,615
12,403,000
1,766,026
140,253
1,117,366
22,911
-
2,389,283
1,222,938
1,194
1,231,029
445,019
315,068
2,004,262
1,732,802
-
-
-
335,049
-
-
-
(335,049)
65,250
31,461
-
4,480
5,450
-
-
-
$45,172,450
$19,268,913
$ 2,729,860
$ 5,351,204
$ 3,163,303 $
131,253
$ 872,688
$ 977,878
-
-
-
323,785
2,109,756
74,718
121,783
49,413
2,999,089
12,823
548,035
81,174
1,202,164
2,657
1,187,354
77,547
45,402
-
-
5,410
-
-
9,525,124
221,451
2,729,860
1,509,797
- - 381,199
838,382 - 1,071,748
838,382 - 1,452,947
Nonspendable
5,450 - - -
Restricted
102,461 18,209,080 - 2,388,460
Committed
- - - -
Assigned
14,044,788 - - -
Unassigned
21,494,627 - - -
Total Fund Balances
35,647,326 18,209,080 - 2,388,460
Total Liabilities, Deferred inflows of
Resources and Fund Balances $45,172,450 $ 19,268,913 $ 2,729,860 $ 5,351,204
The notes to the financial statements are an integral part of these statements.
fl,
E-1
0
One Cent
Big Coppitt
Cudjoe Regional
Nonmajor
Total
Infrastructure
Wastewater
Wastewater
All
Governmental
Governmental
Surtax
Project
Project
Debt Service
Funds
Funds
$ 2,523,102
$ 768,721
$ 2,453,309
$ 914,291
$ 36,498,530
$ 65,058,973
7,553,349
2,301,502
7,331,012
1,707,509
57,355,535
116,141,548
'
208
336,850
1,617,588
-
4,463,366
-
-
1,274,916
5,738,282
-
1,403,914
-
54,949
8,088,339
-
2,395,979
1,268,733
7,295,372
15,258,137
_
_
8,741,776
9,076,825
-
-
-
-
(8,741,776)
(9,076,825)
-
-
4,727,156
-
157,497
4,884,653
19,160
5,838
18,596
4,332
142,421
291,538
-
-
-
-
-
5,450
$ 11,499,733
$ 7,539,427
$ 22,673,361
$ 2,626,132
$ 99,430,461
$ 216,291,541
191,551 $
10,931
$ 76,600 $
- $ 2,621,109
$ 8,045,313
93,000
-
-
- 334,020
750,805
20,732
1,396
3,621
874,528
3,255,947
54,087
4,078,436
7,773,644
74
-
-
- 492,949
2,962,745
7,141,676
74,213
7,215,889
-
-
- 14,983
60,385
-
-
-
- 12,137
17,547
305,357
66,414
7,221,897
- 8,502,375
30,082,275
-
-
-
- 30,271
411,470
4,391,609
3,504,016
1,431,911
11,237,666
-
4,391,609
3,504,016
- 1,462,182
11,649,136
-
-
-
- -
5,450
11,194,376
3,081,404
11,947,448
2,626,132 81,027,366
130,576,727
2,845,763
2,845,763
-
-
-
- 5,592,775
19,637,563
-
-
-
- -
21,494,627
e
11,194,376
3,081,404
11,947,448
2,626,132 89,465,904
174,560,130
1 $ 11,499,733 $ 7,539,427 $ 22,673,361 $ 2,626,132 $ 99,430,461 $ 216,291,541
E-2
MONROE COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO
STATEMENT OF NET POSITION
SEPTEMBER 30, 2013
Amounts reported for governmental activities in the Statement of Net Position are different because:
Ending Fund Balance - Governmental Funds
Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the governmental funds,
net of accumulated depreciation of $125,554,133
Bond issuance costs and discount are not available to pay current
period expenditures, therefore are reported as an asset in the funds.
Deferred inflows of resources are not recognized in the governmental
funds as they are not current financial resources. They are reported as
a reduction of deferred inflows in the Statement of Net Position
Long-term liabilities, including bonds payable, are not due and payable
in the current period and, therefore, are not reported in the funds.
Revenue Bonds Payable $ (25,097,409)
Revenue Notes Payable (14,485,806)
OPEB Liability (28,342,746)
Accrued Interest Payable (10,051)
Accrued Compensated Absences (10,053,037)
Total
The Assets and Liabilities of the Internal Service Funds (funds are used
to charge the costs of insurance and fleet maintenance activities to
individual funds) are not reported in the Governmental Funds.
Net Position of governmental activities
$ 174,560,130
302, 596, 748
354,968
11,237,666
(77,989,049)
27,410,359
$ 438,170,822
The notes to the financial statements are an integral part of this statement.
E-3
El
n
1�
I
1
I
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government
Public Safety
Physical Environment
Transportation
Economic Environment
Human Services
Culture and Recreation
Court Related
Capital Projects
Debt Service
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Fine & HIDTA Governmental
General Forfeiture Grants Grants
$ 21,061,375 $ 39,223,057 $ - $
7,849,908
66,396 19,071,722
7,269,645
4,172,972
4,289,551 -
211,355
15,047
77,682 -
-
181, 992
71,368 -
1,578
1,532,302
2,064 -
47,390
34, 813, 596
43, 730,118 19, 071, 722
7,529,968
25,813,128
458,115 -
-
41,002,483
8,302,630 19,071,722
596,993
168,134
- -
277,415
546,307
- -
2,814,624
560,665
- -
833,347
6,701,957
- -
1,626,633
3,134,592
- -
74,939
3,913,941
297,719 -
-
81,841,207
9,058,464 19,071,722
6,223,951
(47,027,611) 34,671,654
Transfers from Other Funds 48,411,991 1,320,524
Transfers to Other Funds (3,175,342) (38,006,322)
Debt Proceeds - -
Total Other Financing Sources/(Uses) 45,236,649 (36,685,798)
Net Change in Fund Balances (1,790,962) (2,014,144)
Fund Balances -October 1 37,438,288 20,223,224
Prior Period Adjustment - -
Fund Balances -October 1, Restated
Fund Balances -September 30
37,438,288 20,223,224
1.306.017
1,212,719
(678,463)
534,256
1,840,273
548,187
548,187
$ 35,647,326 $ 18,209,080 $ - $ 2,388,460
The notes to the financial statements are an integral part of these statements.
E-4
I
One Cent
Big Coppitt
Cudjoe Regional
Nonmajor
Total
Infrastructure
Wastewater
Wastewater
All
Governmental
Governmental
Surtax
Project
Project
Debt Service
Funds
Funds
L$
17,172,360
$ -
$ -
$ -
$ 46,279,182
$ 123,735,974
-
337,694
-
-
3,607,024
3,944,718
L
-
4,584,323
13,027,224
51,869,218
=
_
10,456,619
19,130,497
-
-
-
-
1,535,927
1,628,656
38,775
132,396
23,612
9,880
811,207
1,270,808
65,843
39,902
536,347
2,223,848
17,276,978
509,992
4,607,935
9,880
76,253,530
203,803,719
-
-
-
-
2,549,148
28,820,391
-
-
-
-
22,374,255
91,348,083
-
-
-
-
1,250,160
1,695,709
-
-
4,519,334
7,880,265
_
_
25,989,712
27,383,724
-
-
-
-
206,935
8,535,525
-
1,567,118
4,776,649
_
4,300,431
8,512,091
2,161,000
29,873
19,294,675
-
7,777,484
29,263,032
-
-
-
6,182,695
-
6,182,695
2,161,000
29,873
19,294,675
6,182,695
70,534,577
214,398,164
15,115,978
480,119
(14,686,740)
(6,172,815)
5,718,953
(10,594,445)
21,132
-
19,404,926
6,271,340
8,235,292
84,877,924
(28,814,563)
(1,023,969)
(2,000)
-
(12,045,321)
(83,745,980)
-
-
5,461,341
-
-
5,461,341
(28,793,431)
(1,023,969)
24,864,267
6,271,340
(3,810,029)
6,593,285
(13,677,453)
(543,850)
10,177,527
98,525
1,908,924
(4,001,160)
24,871,829
3,552,047
3,203,828
2,527,607
87,918,300
180,283,310
-
73,207
(1,433,907)
-
(361,320)
(1,722,020)
24,871,829 3,625,254 1,769,921 2,527,607 87,556,980 178,561,290
r$ 11,194,376 $ 3,081,404 $ 11,947,448 $ 2,626,132 $ 89,465,904 $ 174,560,130
I E-5
MONROE COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds $ (4,001,160)
Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets is allocated over their estimated
useful lives and reported as depreciation expense. This is the amount by which
capital outlays of $33,697,276 exceed depreciation of $9,449,385 in the current
period. 24,247,891
Governmental Funds do not report donated capital assets as they do not provide
current financial resources. Governmental activities report donated assets at
fair market value. 20,301
Debt issuance is reported as revenue on the governmental funds as current
financial resources are available, but as a long-term liability on the Statement of
Net Position. (5,461,341)
Payment of long-term debt is reported as an expenditure on the Governmental
Funds as current financial resources are used, but a reduction of long-term
liabilities in the Statement of Net Position.
4,510,170
The change in compensated absences is reported on the Statement of Activities
but is not reported in the governmental funds as current financial resources are
not used.
(1,644,210)
The change in OPEB liability is reported on the Statement of Activities but is not
reported in governmental funds as current financial resources are not used.
(3,426,022)
Governmental funds report the effect of issuance costs, premiums, discounts,
,
and similar items when debt is first issued; whereas, these amounts are deferred
and amortized in the Statement of Activities. In addition, interest and other
accruals not using current financial resources are reported as governmental
activities. The amount is the net effect of these transactions.
326,160
Revenues that do not provide current financial resources are not reported on
governmental funds. However, revenues that are earned in the current period
are reported in the Statement of Activities. 7,424,459
The net revenues of internal service funds (funds used to charge the costs of
certain activities to individual funds) are reported with governmental activities. 1,780,460
Change in net position of governmental activities $ 23,776,708
I
The notes to the financial statements are an integral part of this statement.
E-6
MONROE COUNTY, FLORIDA
1 GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
'
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Taxes
$ 21,029,748
$ 21,029,748
$ 21,061,375
$ 31,627
Intergovernmental
7,391,477
7,391,477
7,849,908
458,431
Charges for Services
3,906,441
3,906,441
4,172,972
266,531
Fines and Forfeitures
9,200
9,200
15,047
5,847
Investment Income
170,124
170,124
181,992
11,868
1
Miscellaneous
602,015
658,326
1,532,302
873,976
Total Revenues
33,109,005
33,165,316
34,813,596
1,648,280
EXPENDITURES:
Current:
General Government:
Board of County Commissioners Admin
1,640,769
1,640,769
1,418,517
222,252
Clerk to BOCC-Financial Package
5,000
5,000
5,000
Gov't Enterprise Management System
200,000
200,000
26,386
173,614
Clerk Comm & Fees-TDC
105,862
105,862
105,862
-
Clerk Comm & Fees-Noncourt
3,457,856
3,457,856
2,996,272
461,584
Insurances -Supervisor of Elections
129,086
129,086
116,792
12,294
Promotional Advertising
5,000
5,000
549
4,451
Value Adjustment Board
35,000
35,000
24,695
10,305
Tax Increment Payment
300,000
300,000
205,666
94,334
Employee Suggestion Plan
10,000
10,000
-
10,000
Lobbyist
126,000
164,000
128,318
35,682
County Administrator
873,829
1,039,295
833,490
205,805
Technical Services
1,497,167
1,497,167
1,257,187
239,980
Technology
412,730
412,730
250,162
162,568
Grants Administration
175,803
175,803
140,274
35,529
Office of Management & Budget
456,115
456,115
314,732
141,383
Purchasing
214,217
214,217
183,421
30,796
Personnel
358,360
358,360
355,263
3,097
'
Public Works Management
125,723
127,868
124,483
3,385
Public Works Facilities Maintenance
7,694,245
7,694,245
6,464,497
1,229,748
ADA Compliance
10,000
10,000
1,840
8,160
FJC Lobby
329,310
329,310
2,333
326,977
MenB Dressing Room
30,000
30,000
-
30,000
County Attorney
1,528,977
1,528,977
1,152,563
376,414
Tax Collector
4,355,777
4,390,695
4,280,762
109,933
Property Appraiser
3,884,289
3,884,289
3,637,741
246,548
Supervisor of Elections
1,624,000
1,724,000
1,671,456
52,544
Quasi External Services
125,000
125,000
119,867
5,133
Total General Government
29,710,115
30,050,644
25,813,128
4,237,516
`
The notes to the financial statements are an integral part of these statements.
(Continued)
E-7
MONROE COUNTY, FLORIDA
GENERALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Public Safety:
Hurricane
Emergency Management
Marathon Emer Operations Center
Medical Examiner
American Red Cross Lower Keys
Sheriff Law Enforcement
Sheriff Corrections
Fire Academy
Total Public Safety
Physical Environment:
Extension Service
Transportation:
County Engineer
Economic Environment:
Literacy Volunteers of America
Veteran's Affairs
Veteran's Affairs Transportation
Total Economic Environment
Human Services:
Middle Keys Guidance Clinic
Older Americans Volunteer Program
Helpline
Domestic Abuse Shelter
Hospice of the Florida Keys
Florida Keys Outreach Coalition
Samuel's House
Womankind
Grace Jones
AIDS Help
Good Health Clinic
Monroe Cty Assn for Retarded Citizens
Heron/ Peacock
Florida Keys Children's Shelter
Wesley House
MCEF/ Monroe
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
300,000
300,000
-
300,000
218,795
221,457
219,233
2,224
71,054
71,054
30,633
40,421
-589,505
589,505
584,837
4,668
15,000
15,000
15,000
-
23,381,395
23,381,395
22,058,932
1,322,463
17,801,915
17,801,915
17,732,039
69,876
569,707
569,707
361,809
207,898
42,947,371
42,950,033
41,002,483
1,947,550
189,895 189,895 168,134 21,761
471,195 671,195 546,307 124,888
10,000
10,000
10,000 -
436,081
431,990
417,724 14,266
129,802
133,893
132,941 952
575,883
575,883
560,665 15,218
32,290
32,290
29,599
2,691
500
500
299
201
10,000
10,000
10,000
-
30,000
30,000
30,000
-
141,000
141,000
141,000
-
43,000
43,000
43,000
-
90,000
90,000
90,000
-
96,000
96,000
96,000
-
40,000
40,000
36,433
3,567
30,000
30,000
30,000
-
63,400
63,400
63,400
-
155,000
155,000
155,000
-
35,000
35,000
35,000
-
159,000
159,000
159,000
-
160, 000
160,000
160,000
-
25,000
25,000
22,566
2,434
The notes to the financial statements are an integral part of these statements. (Continued)
E-8
MONROE COUNTY, FLORIDA
GENERALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
1
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
Florida Keys Area
45,000
45,000
45,000
-
Rural Health Network
300,000
300,000
300,000
-
'
FL Keys Healthy Start Coalition
30,000
38,500
38,500
-
Keys Area Interdenominational Resources
25,000
25,000
25,000
-
Star of the Sea Foundation
55,000
55,000
55,000
-
Independence Cay
25,000
25,000
25,000
-
Be the Change of the FL Keys
25,000
25,000
25,000
-
Anchors Aweigh
Baker Act LKMC FS 394.463
2,200
83,334
2,200
83,334
2,200
83,333
-
1
Baker Act GCC FS 394.463
775,792
-
-
-
1
GCC Baker Act Transp
GCC SamH FS 394.76
146,000
146,000
657,066
134,415
657,066
11,585
GCC Jail Inhouse Program
-
118,726
94,245
24,481
Health Department Lease
Historic FI Keys Foundation
66,000
28,500
66,000
28,500
66,000
28,500
-
-
Animal Shelters
962,925
975,325
973,993
1,332
Welfare Administration
Welfare Services
468,871
1,113,200
511,871
1,000,935
508,876
941,571
2,995
59,364
Health Care Respite Act
40,000
40,000
-
40,000
'
Bayshore Manor
Social Service Transportation
764,129
842,100
764,129
924,100
703,176
893,785
60,953
30,315
Total Human Services
6,908,241
6,941,876
6,701,957
239,919
tCulture
and Recreation:
Fine Arts Council
57,000
57,000
57,000
-
Lower Keys AARP
4,500
4,500
4,500
-
Middle Keys AARP
4,500
4,500
2,465
2,035
Big Pine Key AARP
4,500
4,500
4,058
442
Upper Keys AARP
4,500
4,500
2
4,498
L
Boys and Girls Club
65,000
65,000
65,000
Big Pine Athletic Association
44,000
44,000
44,000
-
Heart of the Keys Recreation
34,000
34,000
34,000
-
'
Higgs Beach Maintenance
96,339
96,339
95,503
836
Library Admin Support
585,396
592,896
587,551
5,345
Library Key West
Library Key West Donations
856,377
848,277
119,031
803,954
41,787
44,323
77,244
Library Marathon
350,022
350,022
346,037
3,985
Library Marathon Donations
Library Islamorada
-
304,220
14,207
316,575
4,431
303,360
9,776
13,215
Library Islamorada Donations
-
1,109
474
635
The notes to the financial statements are an integral part of these statements.
(Continued)
E-9
r
MONROE COUNTY, FLORIDA
GENERALFUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
Library Key Largo
413,682
413,682
403,404
10,278
Library Key Largo Donations
-
2,706
-
2,706
Library Big Pine Key
343,853
344,453
334,423
10,030
Library Big Pine Key Donations
-
12,134
2,643
9,491
Total Culture and Recreation
3,167,889
3,329,431
3,134,592
194,839
Court Related:
Law Library
67,156
67,156
66,518
638
Guardian Ad Litem
167,005
167,005
116,295
50,710
State Attorney
317,167
317,167
228,060
89,107
Public Defender
567,100
567,100
563,918
3,182
Sheriff Court Security
1,424,946
1,424,946
1,424,946
-
Court Administration
4,325
4,325
3,644
681
Court Admin-Judicial Support
172,793
172,793
167,810
4,983
Court Admin-Circuit Ct Reporter Svcs
1,675
1,675
1,418
257
Court Admin-Circuit Drug Court
387,596
387,596
374,425
13,171
Court Admin-Pretrial Release
464,117
468,597
463,462
5,135
Court Admin-Family Ct Case Mgmt
146,491
148,979
148,216
763
Ct. Admin-Other Circuit Court Juvenile
45,895
45,895
43,013
2,882
Ct. Admin-Pretrial Svcs Drug Diversion
128,846
128,846
127,805
1,041
Court Admin-Information Systems
184,239
185,016
184,411
605
Total Court Related
4,079,351
4,087,096
3,913,941
173,155
Total Expenditures 88,049,940 88,796,053 81,841,207 6,954,846
Excess/Deficiency of Revenues
Over/(Under) Expenditures (54,940,935) (55,630,737) (47,027,611) 8,603,126
Other Financing Sources/(Uses):
Reserve for Contingencies
(1,491,299)
(678,250) -
678,250
Reserve for Cash Balance
(5,400,000)
(5,400,000) -
5,400,000
Transfers from Other Funds
50,864,107
50,864,107 48,411,991
(2,452,116)
Transfers to Other Funds
(3,052,398)
(3,175,645) (3,175,342)
303
Total Other Financing Sources/(Uses)
40,920,410
41,610,212 45,236,649
3,626,437
Net Change in Fund Balances (14,020,525) (14,020,525) (1,790,962) 12,229,563
Fund Balances, October 1 14,020,525 14,020,525 37,438,288 23,417,763
Fund Balances, September 30 $ - $ - $ 35,647,326 $ 35,647,326
The notes to the financial statements are an integral part of these statements.
E-10
I
ri
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
FINE AND FORFEITURE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Taxes
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
General Government:
Tax Increment Payment
Public Safety:
Sheriff Law Enforcement
Sheriff Corrections
Bond Refunds
LEEA Funds
Correction Facilities
Medical Air Transport
Interagency Communications
Juvenile Detention Cost Share
Total Public Safety
Court Related:
Sheriff Extradition
Sheriff Court Security
Total Court Related
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
$ 40,420,585 $ 40,420,585 $ 39,223,057 $ (1,197,528)
-
-
66,396
66,396
3,795,600
3,795,600
4,289,551
493,951
92,200
92,200
77,682
(14,518)
135,500
135,500
71,368
(64,132)
3,000
152,999
2,064
(150,935)
44,446,885
44,596,884
43,730,118
(866,766)
550,000
550,000
458.115 91.885
2,635,220
2,795,250
2,784,959
10,291
2,511,422
2,467,298
2,450,910
16,388
25,000
25,000
-
25,000
75,000
75,000
75,000
-
2,925,118
2,925,118
1,686,418
1,238,700
1,108,816
1,177,909
892,759
285,150
50,052
14,052
13,192
860
401,448
420,100
399,392
20,708
9,732,076
9,899,727
8,302,630
1,597,097
50,000
50,000
2 0, 041
29,959
279,118
280,118
277,678
2,440
329,118
330,118
297,719
32,399
10,611,194 10,779,845 9,058,464 1,721,381
33,835,691 33,817,039 34,671,654 854,615
E
The notes to the financial statements are an integral part of these statements. (Continued)
E-11
1 MONROE COUNTY, FLORIDA
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, 2013
Variance with
Final Budget
'
Original
Final
Positive
Budget
Budget
Actual
(Negative)
Other Financing Sources/(Uses):
Reserve for Contingencies
(440,000)
(792,222)
-
792,222
Reserve for Cash Balance
Transfers to Other Funds
(10,146,846)
(38,162,999)
(9,775,972)
(38,162,999)
-
(38,006,322)
9,775,972
156,677
Transfers from Other Funds
1,100,000
1,100,000
1,320,524
220,524
'
Total Other Financing Sources/(Uses) (47,649,845)
(47,631,193)
(36,685,798)
10,945,395
Net Change in Fund Balances
(13,814,154)
(13,814,154)
(2,014,144)
11,800,010
Fund Balances, October 1
13,814,154
13,814,154
20,223,224
6,409,070
Fund Balances, September 30
$ -
$ -
$18,209,080
$18,209,080
t
The notes to the financial statements are an integral part of these statements.
E-12
MONROE COUNTY, FLORIDA
HIDTA SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Intergovernmental
Expenditures:
Current:
Public Safety:
Public Safety:
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 20,700,000 $ 20,000,000 $19,071,722 $ (928,278)
20,700,000 20,000,000 19,071,722 928,278
The notes to the financial statements are an integral part of these statements.
E-13
I
�l
I
THIS PAGE INTENTIONALLY LEFT BLANK
I
I
D
MONROE COUNTY, FLORIDA
GOVERNMENTAL GRANTS SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
Public Safety:
Emergency Management Base Grant
Federal Emergency Base Grant
Radiological Emerg Preparedness
EMS Award Grant
SHSGP ISS7 CSP/ICS Grant
SHSGP IS10 ICSNVEB
SHSGP 11DS-40-11-54-01
SHSGP 12DS-20-12-54-01
SHSGP 12SS-00-10-9S-01
ODP UASI 07 Grant
MCSO/Emg Mgmt UASI 09 Grant
MCSO/Emg Mgmt UASI 11 Grant
FEMA-Tropical Storm Isaac
Total Public Safety
Physical Environment:
Canal Management Master Plan
Bathymtrc Srvys MC Canal
IE Plant Removal Crew FK103
IE Plant Removal Crew FK109
IE Plant Removal Crew FK116
IE Plant Removal Crew FK119
Clean Vessel Act 10-575
Total Physical Environment
Variance with
Final Budget
Original Final
Positive
Budget Budget
Actual
(Negative)
$ - $49,315,914
$ 7,269,645
$ (42,046,269)
- 148,270
211,355
63,085
- 33,004
1,578
(31,426)
- 55,895
47,390
(8,505)
- 49,553,083
7,529,968
(42,023,115)
- 211,612
109,527
102,085
- 94,164
65,761
28,403
- 142,278
120,047
22,231
- 118,683
14,502
104,181
- 14,402
13,967
435
- 56,500
56,500
-
- 14,500
-
14,500
- 20,000
19,910
90
- 35,500
34,395
1,105
- 34,461
-
34,461
- 85,319
81,644
3,675
- 176,744
58,585
118,159
- 150,000
22,155
127,845
- 1,154,163
596,993
557,170
- 100,000
99,846
154
- 100,000
97,039
2,961
- 17,644
-
17,644
- 91,039
55,053
35,986
- 75,000
2,506
72,494
- 50,000
-
50,000
- 84,121
22,971
61,150
- 517,804
277,415
240,389
The notes to the financial statements are an integral part of these statements.
E-14
(Continued)
t�
I
I
MONROE COUNTY, FLORIDA
GOVERNMENTAL GRANTS SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Transportation:
Old SR940 Leg A Bridge Repair
No Name Key Brdg #904320
Card Sound Bridge Repair
Tom's Harbor Channel Bridge
Transp Planning Prog 07-09
Transp Planning Prog 2012
Pigeon Key Ferry Service
LAP Wayfinding Signage
Total Transportation
Economic Environment:
Disaster Recovery CDBG
Small Cities CDBG 2010
CBDG DR 2008 DREF
Total Economic Environment
Human Services:
Drug Court Pgm Urin Lab
B&G Club Smart Kids Prm
GCC Jail inhouse Program
Samuel House Crt Mand Subst Abuse
H/P Res: Prevention of Mental Illness
Be The Change -Viol & Subst Abuse
GCC Male Jail inhouse Program
Title 11113 Supportive Services - 2012
Title 1116 Supportive Services - 2013
Title IIIC1 Congregate Meals - 2012
Title IIIC1 Congregate Meals - 2013
Title IIIC2 Home Delivered Meals-2012
Title IIIC2 Home Delivered Meals-2013
Title III-E Caregiver Support Svc-2012
Title III-E Caregiver Support Svc-2013
Low Income Home Energy Prog 12/13
Low Income Home Energy Prog 13/14
Alzheimer's Disease Initiative 11/12
Alzheimer's Disease Initiative 12/13
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
- 796,121
250,611
545,510
- 6,414,489
55,201
6,359,288
- 580,000
66,814
513,186
- 2,078,163
2,018,854
59,309
- 26,183
27,310
(1,127)
- 380,000
164,030
215,970
- 406,268
231,249
175,019
- 1,098,586
555
1,098,031
- 11,779,810
2,814,624
8,965,186
- 1,395,200
440,610
954,590
- 728,895
128,703
600,192
- 844,752
264,034
580,718
- 2,968,847
833,347
2,135,500
- 12,447
8,600
3,847
- 16,499
10,093
6,406
- 16,500
16,500
-
- 16,499
16,499
-
- 16,499
16,499
-
- 16,499
16,400
99
- 67,000
67,000
-
- 1,765
488
1,277
- 50,289
16,714
33,575
- 59,413
50,980
8,433
- 176,415
130,034
46,381
- 83,165
78,055
5,110
- 255,160
157,493
97,667
- 22,474
17,853
4,621
- 70,348
66,464
3,884
- 105,768
102,215
3,553
- 245,491
133,564
111,927
- 51,569
50,033
1,536
- 76,408
17,482
58,926
The notes to the financial statements are an integral part of these statements. (Continued)
E-15
MONROE COUNTY, FLORIDA
GOVERNMENTAL GRANTS SPECIAL REVENUE FUND
'STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Community Care Disabled Adults 12/13
Community Care for the Elderly 11/12
Community Care for the Elderly 12/13
Home Care for the Elderly 11/12
Home Care for the Elderly 12/13
ESG KPZ06 13/14
ARRA Weatherization Asst Program
Low Income Home Weather Asst Prgm
Weather Asst Prgm
Total Human Services
Culture and Recreation:
State Aid to Libraries
Total Culture and Recreation
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
- 146,656
69,046
77,610
- 300,287
300,109
178
- 337,299
107,170
230,129
- 21,391
12,531
8,860
- 14,104
4,643
9,461
- 111,608
91,752
19,856
- 61,289
51,891
9,398
- 12,572
11,267
1,305
- 18,792
5,258
13,534
- 2,384,206
1,626,633
757,573
107,978 74,939 33,039
107,978 74,939 33,039
- 18,912,808 6,223,951 12,688,857
30,640,275
1,306,017
-
(29,334,258)
- 2,438,982
1,212,719
(1,226,263)
- (33,079,257)
(678,463)
32,400,794
-_ (30,640,275)
534,256
31,174,531
- 1,840,273 1,840,273
548,187 548,187
$ 2,388,460 $ 2,388,460
I
The notes to the financial statements are an integral part of these statements.
E-16 3
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2013
ASSETS
Current Assets:
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Due from Other Funds
Due from Other Governmental Units
Interest Receivable
Total Current Assets
Noncurrent Assets:
Restricted Cash and Cash Equivalents
Restricted Accounts Receivable
Land and Other Nondepreciable Assets
Capital Assets, Net of Accum. Depreciation
Total Noncurrent Assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Claims and Judgements Payable
Due to Other Funds
Due to Other Governmental Units
Accrued Comp. Absences Payable
Capital Leases Payable
Deposits in Escrow
Total Current Liabilities
Business -type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
$ 2,975,360 $ 1,687,956 $ 3,023,125
8,822,612
4,995,129
1,401,365
421,744
200
832,772
3,983
-
41,378
89,506
2,573
1,132,882
22,379
12,670
3,555
12,335,584
6,698,528
6,435,077
1,701,521
-
2,740,009
-
-
214,349
3,629,620
50,000
2,901,914
218,658
8,197,831
58,097,528
5,549,799
8,247,831
63,953,800
17, 885, 383 14, 946, 359 70, 388, 877
1,158, 568
4,920
899,189
-
627,575
51,156
34,773
90,991
-
1,928
1,145
17,015
1,109
11,086
-
10,608
5,753
50,000
-
-
76,498
-
8,000
1,353,237
53,338
1,643,739
The notes to the financial statements are an integral part of these statements.
E-17
Governmental
Major Funds Activities
Internal
Marathon Service
Airport Total Funds
$ 260,923 $ 7,947,364 $ 7,229,947
722,181
15,941,287
21,376,087
33,745
1,288,461
714,249
1,145
46,506
447,029
140,655
1,365,616
99,505
1,831
40,435
54,222
1,160,480
26,629,669
29,921,039
-
4,441,530
-
-
214,349
-
1,476,659
8,058,193
54,000
10,048,127
76, 562,144
924,305
11,524,786
89,276,216
978,305
12,685,266
115,905,885
30,899,344
118,133
2,180, 810
1,785,522
-
627,575
-
19,681
196,601
86,512
-
-
2,269,375
-
3,073
12,190
3,674
32,884
16,902
-
16,361
9,677
-
50,000
-
6,306
90,804
-
147,794
3,198,108
4,180,178
(Continued)
E-18
MONROE COUNTY, FLORIDA
STATEMENT OF NET POSITION - CONTINUED
PROPRIETARY FUNDS
SEPTEMBER 30, 2013
Noncurrent Liabilities:
Payable from restricted assets -Landfill
closure/post closure costs
Accrued Comp. Absences Payable
Other Liabilities
Capital Leases Payable
OPEB Liability
Total Noncurrent Liabilities
Total Liabilities
NET POSITION
Net investment in capital assets
Restricted for:
Passenger Facility Charges
Landfill
Unrestricted
Total Net Position
Business -type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
169,028 - -
81,360
62,528
120,660
129,632
-
6,053
467,270
-
-
513,783
271,413
503,424
1,361,073
333,941
630,137
2,714,310
387,279
2,273,876
3,331,008 8,247,831 60,999,442
- - 2,954,358
1,532,493 - -
10,307,572 6,311,249 4,161,201
$ 15,171,073 $ 14,559,080 $ 68,115,001
Adjustment to reflect the consolidation of internal service
activities related to enterprise funds
fli
I
i�
The notes to the financial statements are an integral part of these statements.
E-19
Major Funds
Marathon
Airport
Total
Governmental
Activities
Internal
Service
Funds
-
169,028
-
14,685
279,233
93,609
-
135,685
-
-
467,270
-
290,631
1,579,251
649,771
305,316
2,630,467
743,380
453,110
5,828,575
4,923,558
11,524,786
84,103,067
978,305
2,954,358 -
- 1,532,493 -
707,370 21,487,392 24,997,481
$ 12,232,156 110,077,310 $ 25,975,786
(1,434, 573)
$ 108,642,737
E-20
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Operating Revenues:
Franchise Fees
Charges for Services
Fines and Forfeitures
Miscellaneous
Total Operating Revenues
Operating Expenses:
Personnel Services
Operations
Depreciation and Amortization
Asserted and Paid Claims
Total Operating Expenses
Operating Income/(Loss)
Nonoperating Revenues/(Expenses):
Operating Grants
Grants and Donations - Other Sources
Other Income - PFC
Grants and Donations
Investment Income
Insurance Recoveries
Gain (Loss) on Disposition of Assets
Interest Expenses and Fiscal Charges
Total Non -Operating
Revenues/(Expenses)
Income/(Loss) Before
Contributions and Transfers
Transfers from Other Funds
Transfers to Other Funds
Capital Grants and Contributions
Change in Net Position
Total Net Position -October 1
Prior Period Adjustment
Total Net Position -October 1, Restated
Business -type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
$ 514,965 $ - $ -
17,362,182 961,458 6,325,224
- - 648
917 - 6,723
17,878,064 961,458 6,332,595
1,104,549
758,717
1,841,249
14,994,936
177,558
4,304,742
75,986
357,714
2,181,216
16,175,471
1,293,989
8,327,207
1,702,593 (332,531) (1,994,612)
70,588 - 1,585,808
50,000 - -
- - 1,434,234
38,594 18,284 31,508
(536) (4,528) -
- - (299,015)
158,646 13,756 2,752,535
1,861,239 (318,775) 757,923
3,704 - -
(223,407) (195,499) (50,888)
- - 2,243,781
1,641,536 (514,274) 2,950,816
13,529,537 15,073,354 64,954,706
- - 209,479
13,529,537 15,073,354 65,164,185
Total Net Position -September 30 $ 15,171,073 $ 14,559,080 $ 68,115,001
Adjustment to reflect the consolidation of internal service activities related to enterprise funds.
Change in Net Position of Business -type Activities
The notes to the financial statements are an integral part of these statements.
V�
E-21
Governmental
Major Funds
Activities
Internal
Marathon
Service
Airport
Total
Funds
$ -
$ 514,965
$ -
816,578
25,465,442
22,304,499
-
648
-
330
7,970
78,759
816,908
25,989,025
22,383,258
334,211
4,038,726
1,587,935
749,826
20,227,062
4,669,473
637,056
3,251,972
70,033
-
-
14,420,821
1,721,093
27,517,760
20,748,262
(904,185) (1,528,735) 1,634,996
344,668
2,001,064
-
-
50,000
-
-
1,434,234
-
-
12,728
2,077
90,463
76,986
-
-
941,129
(411)
(5,475)
700
-
(299,015)
-
346,334
3,271,271
1,031,543
(557,851)
1,742,536
2,666,539
50,888
54,592
-
-
(469,794)
(716,742)
99,923
2,343,704
-
(407,040)
3,671,038
1,949,797
12,639,196
24, 025, 989
12,639,196
$ 12,232,156
169,335
3,840,373
24,025,989
$ 25,975,786
E-22
MONROE COUNTY, FLORIDA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Operating Activities:
Cash received for services
Cash rec'vd from other funds for goods and svcs
Cash received from insurance recoveries
Cash received from others-PFC
Cash payments to suppliers for goods and svcs
Cash payments for employee services
Cash payments to other funds
Cash payments for claims
Other operating revenue
Net Cash Provided by/(Used in)
Operating Activities
Noncapital Financing Activities:
Operating grants received
Transfers from other funds
Transfers to other funds
Net Cash Provided/(Used) by Noncapital
Financing Activities
Capital and Related Financing Activities:
Proceeds from capital grants
Acquisition of capital assets
Principal paid on capital debt
Interest and fiscal charges paid on capital debt
Proceeds from sale of capital assets
Net Cash Provided/(Used) by Capital and
Related Financing Activities
Investing Activities:
Business -type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
$ 17,931,121 $ 958,685 $ 5,680,923
1,429,364
(14,974,854) (73,339) (4,905,970)
(880,211) (558,132) (1,518,771)
(544,313) (256,463) (379,012)
917 - 7,371
1,532,660 70,751 313,905
70,588 - 1,655,754
3,704 - -
(223,407) (195,499) (50,888)
(149,115) (195,499) 1,604,866
- 1,546,126
(98,012) (40,689) (1,679,785)
(6,060,000)
(54,052)
(98,012) (40,689) (6,247,711)
Investment income
132,910
79,015
57,746
Proceeds from sales and maturities of investments
3,654,252
3,138,178
3,400,392
Purchase of investment securities
(3,921,999)
(2,417,417)
(709,130)
Net Cash Provided/(Used) in Investing Activities
(134,837)
799,776
2,749,008
Net Increase/(Decrease) in Cash and
Cash Equivalents
1,150,696
634,339
(1,579,932)
Cash and Cash Equivalents:
October 1
3,526,185
1,053,617
7,343,066
September 30 $ 4,676,881 $ 1,687,956 $ 5,763,134
The notes to the financial statements are an integral part of these statements.
E-23
I
Il
Governmental
'
Major Funds
Activities
Internal
Marathon
Service
'
Airport
Total
Funds
'
$ 810,837
$ 25,381,566
$ 4,456,681
17,586,723
-
-
235,043
-
(751,294)
1,429,364
(20,705,457)
-
(4,999,435)
(264,897)
(3,222,011)
(1,004,081)
(125,070)
(1,304,858)
(625,014)
-
-
(14,605,053)
330
8,618
78,694
'
(330,094)
1,587,222
1,123,558
' 362,766 2,089,108 =
50,888 54,592
- (469,794) (716,742)
' 413,654 1,673,906 (716,742)
' 145,510 1,691,636 -
(269,240) (2,087,726) (30,048)
= (6,060,000) =
(54,052)
- - 700
(123,730) (6,510,142) (29,348)
10,864 280,535 321,070
457,908 10,650,730 11,109,656
(350,276) (7,398,822) (9,917,898)
118,496 3,532,443 1,512,828
' 78,326 283,429 1,890,296
' 182,597 12,105,465 5,339,651
$ 260,923 $ 12,388,894 $ 7,229,947
(Continued)
' E-24
MONROE COUNTY, FLORIDA
STATEMENT OF CASH FLOWS -CONTINUED
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Reconciliation of operating income/(loss)
to net cash provided by/(used in) operating
activities:
Operating income/(loss)
Adjustments to reconcile operating income/(loss)
to net cash provided by/(used in) operating
activities:
Depreciation and Amortization
Nonoperating Income-PFC
Nonoperating Income -Insurance Recoveries
Change in Assets and Liabilities:
(Increase)/Decrease in Accounts receivable
(Increase)/Decrease in Due from other funds
(Increase)/Decrease in Due from other gov't units
(Increase)/Decrease in Due fm constitutional ofcrs
(Increase)/Decrease in Due from prepaid expense
Increase/(Decrease) in Accounts payable
Increase/(Decrease) in Accrued wages/benefits
Increase/(Decrease) in Claims/judgments payable
Increase/(Decrease) in Due to other funds
Increase/(Decrease) in Due to other gov't units
Increase/(Decrease) in Due to constitutional ofcrs
Increase/(Decrease) in Comp. absences payable
Increase/(Decrease) in Deposits in escrow
Increase/(Decrease) in Landfill Closure Costs
Increase/(Decrease) in Deferred revenue
Increase/(Decrease) in OPEB liability
Total adjustments
Net Cash Provided by/(Used in)
Operating Activities
Noncash investing, capital, and financing activities:
Business -type Activities Enterprise Funds
Major Funds
Municipal Card Key
Svc District Sound West
Waste Bridge Airport
$ 1,702,593 $ (332,531) $ (1,994,612)
75,986 357,714 2,181,216
- - 1,429,364
46,973
(200)
(96,861)
(989)
-
-
12,797
(2,573)
-
(335)
-
48,218
-
-
30,000
(23,581)
2,843
(739,947)
(11,392)
4,434
9,084
-
(631)
983
(39,738)
1,109
(1,546)
-
377
(3,412)
(33,653)
5,219
(7,692)
(5,461)
-
-
(255,956)
-
-
-
-
(595,658)
65,416
34,990
54,768
(169,933)
403,282
2,308,517
$ 1,532,660 $ 70,751 $ 313,905
Contribution of capital assets from gov't $ - $ - $ -
Gain (Loss) on disposition of assets $ (536) $ (4,528) $ -
Forgiveness of capital lease amount $ 50,000 $ - $ -
Change in fair value of investments $ (87,955) $ (54,213) $ (19,210)
Cash Reconciliation:
Unrestricted $ 2,975,360 $ 1,687,956 $ 3,023,125
Restricted 1,701,521 - 2,740,009
Total $ 4,676,881 $ 1,687,956 $ 5,763,134
The notes to the financial statements are an integral part of these statements.
E-25
Governmental
' Major Funds
Activities
Internal
Marathon
Service
' Airport
Total Funds
$ (904,185) $ (1,528,735) $ 1,634,996
637,056 3,251,972 70,033
' - 1,429,364 -
941,129
(4,812)
(54,900)
(704,937)
'
(1,145)
(2,134)
25,576
216
10,440
(24,622)
-
47,883
(272,715)
'
30,000
(89,073)
(849,758)
595,157
5,929
8,055
12,264
'
(732,467)
(92)
260
(470,800)
662
(39,513)
8,010
'
(3,035)
9,452
(4,062)
(40,188)
(44,599)
(255,956)
-
(595,658)
-
'
29,412
184,586
3,115,957
77,081
574,091
(511,438)
' $ (330,094) $ 1,587,222 $ 1,123,558
'$ - $ - $ 12,728
$ (411) $ (5,475) $
$ - $ 50,000 $ -
' $ (7,855) $ (169,233) $ (222,421)
' $ 260,923 $ 7,947,364 $ 7,229,947
4,441,530
' $ 260,923 $ 12,388,894 $ 7,229,947
I
E-26
MONROE COUNTY, FLORIDA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
September 30, 2013
ASSETS
Cash and Cash Equivalents $
Investments
US Treasury Notes
Federal Agency Bonds/Notes
Accounts Receivable
Total Assets
LIABILITIES
Accounts Payable
Due to Others
Due to Other Governmental Units
Total Liabilities
Fire and
EMS
Pension
Trust Fund
Agency
Funds
216,959 $ 6,908,584
268,355 -
381,749 -
1,649 29,735
868,712 $ 6,938,319
4,755 $ -
- 4,463,936
- 2,474,383
4,755 $ 6,938,319
NET POSITION
Held in Trust for Pension Benefits and Other Purposes $ 863,957
The notes to the financial statements are an integral part of these statements.
E-27
MONROE COUNTY, FLORIDA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Additions:
Employer Contributions
Investment Income
Total Additions
Deductions:
Administration
Pension Benefits
Total Deductions
Change in Net Position
Total Net Position - October 1
Total Net Position - September 30
Fire and
EMS
Pension
Trust Fund
$ 36,788
2,344
39,132
(4,754)
(27,900)
(32,654)
6,478
857,479
$ 863,957
The notes to the financial statements are an integral part of these statements.
E-28
fl
THIS PAGE INTENTIONALLY LEFT BLANK
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
' The following summary of the more significant accounting policies of the Monroe County, Florida
(County) 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, Florida (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 Board of County
Commissioners (Board), composed of five members, is the legislative body for the County and as such
' budgets and provides funding used by the separate Constitutional Offices with the exception of fees
collected by the Clerk of the Circuit Court and the Tax Collector. The County Administrator also serves
as the principal executive officer. In addition, certain designated governmental functions are performed
' by constitutional officers who are elected at large. The five constitutional officers are: Clerk of the
Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Although these
five officers are operationally autonomous, they do not hold sufficient corporate powers of their own to
be considered legally separate component units for financial reporting purposes. Therefore, they are
' reported together with the Board as part of the primary government. Under the direction of the Clerk of
the Circuit Court, the Monroe County Finance Department maintains the accounting system for the
Board's operations, but excludes 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 County and accounted for within these financial statements include police
' services for unincorporated areas of the County; health and social services; emergency medical
services; cultural and recreational programs; solid waste services and other governmental services.
' Entity status for financial reporting purposes is governed by Statement No. 14, as amended, 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. Determination of the
financial reporting entity of the County is founded upon the objective of accountability. Therefore, these
financial statements include the County government, the primary government, and the legally separate
component units for which operational or financial responsibility rests with the elected officials of the
' County or for which the nature and significance of their relationship to the County are such that
exclusion would cause the financial statements to be misleading or incomplete. All component units of
the County have a September 30 fiscal year end.
' These financial statements include the County's blended component units, if material. Blended
component units are legally separate entities that are in substance part of the County's operation, as
' they either have governing bodies that are substantively the same as the County or they provide their
services exclusively or almost exclusively to the County. The financial transactions of the component
unit are merged in with similar transactions of the County as part of the primary government.
iThe blended component unit of the County is as follows:
Monroe County Industrial Development Authority (MCIDA) - 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. The MCIDA
1
F-1
1
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
is not legally required to adopt a budget; however, the County must authorize the issuance of
bonded debt. Therefore, the MCIDA for financial reporting purposes is considered a blended
component unit of Monroe County, Florida. Neither the MCIDA nor the County has any legal
obligation for repayment of the revenue bonds of the MCIDA. As an issuer of "conduit" debt
obligations, the MCIDA has no assets or liabilities.
Discretely -presented component units are legally separate entities which do not meet the criteria for
blending. They are reported in a separate column to emphasize that they are legally separate. The
following is a discretely -presented component unit of the County that is reported on the County financial
statements:
Monroe County, Florida Comprehensive Plan Land Authority (MCLA) - 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 but there is no financial benefit or burden relationship. Therefore, the
MCLA, for financial reporting purposes, is considered a discretely -presented component unit of
Monroe County, Florida and is presented as a separate column in the County's financial
statements. Complete financial statements for MCLA can be obtained from MCLA's
administrative office at 1200 Truman Avenue, Suite 207, Key West, Florida 33040.
Basis of Presentation:
Government -wide Financial Statements: The statement of net assets and the statement of activities
report information about the nonfiduciary activities of the primary government. Fiduciary funds of the
government are eliminated from this presentation since these resources are not available for general
government funding purposes.
These statements provide a consolidated financial picture of the government distinguishing between
governmental activities and business type activities. Governmental activities are primarily financed
through taxes and intergovernmental revenues, while business type activities are primarily financed
through charges for services to external parties.
The statement of activities presents a comparison between direct expenses of the program revenues
for each function of the County's governmental activities, and for each of the business type activities.
Direct expenses are those that are clearly identified with a specific program or segment. Program
revenues include (a) fees, fines and charges for services, and (b) grants and contributions that are
restricted for the operating or capital requirements of a specific program. All taxes and other revenues
not meeting the criteria for classification as program revenues are reported as general revenues.
Fund Financial Statements: The fund financial statements provide information about the County's
funds, including its fiduciary fund and blended component unit. Separate statements for each fund
category — governmental, proprietary, and fiduciary — are presented. The emphasis of fund financial
statements is on major governmental and enterprise funds, each displayed in a separate column. All
remaining governmental and enterprise funds are aggregated and reported as nonmajor funds.
F-2
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
' For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
' 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 County. All general tax
revenues and 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 Special 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.
HIDTA Grants Special Revenue Fund — This fund is to account for all revenues and
expenditures for the ONDCP grants.
' Governmental Grants Special Revenue Fund - The Governmental Grant Fund is used to
account for operating revenues and expenditures for all governmental activity of federal and
state grants.
' One Cent Infrastructure Surtax Capital Proiect Fund - The One Cent Infrastructure Surtax Fund
is used to account for capital improvements funded by the One Cent Infrastructure Surtax.
' Big Coppitt Wastewater Capital Project Fund - The Big Coppitt Wastewater Capital Project Fund
is used to account for the revenues and expenditures for the wastewater infrastructure for the
Big Coppitt, Geiger Key, Shark Key and Rockland Key areas of Monroe County.
' Cudioe Regional Wastewater Capital Project Fund - The Cudjoe Regional Wastewater Capital
Project Fund is used to account for the revenues and expenditures for the wastewater
infrastructure for the Cudjoe Regional area of Monroe County.
' All Debt Service Fund — The All Debt Service Fund is used to account for accumulation of
resources for, and payment of, interest and principal on the long-term debt incurred in the
' issuance of various revenue bonds.
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 Card Sound Toll Bridge.
' Key West Airport - The Key West Airport Fund 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.
F-3
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
The Board also reports the following fund types:
Internal Service Funds - Internal service funds are used to account for the financing of worker's
compensation insurance, health insurance, general liability insurance and fleet maintenance
services provided by one department to other departments of the County or to other
governmental units on a cost reimbursement basis.
Pension Trust Fund - The fiduciary pension trust fund is used to account for assets held by the
Board in a trustee capacity for a volunteer firefighters and emergency services length of service
award plan; and therefore, not available to support County programs.
Agency Funds — These funds account for assets held on behalf of third parties and do not
involve the measurement of operating results. Examples include taxes, fees, and fines collected
on behalf of other governments.
Measurement Focus and Basis of Accounting:
Government -wide, Proprietary, and Fiduciary Fund Financial Statements — These 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.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as general
revenues rather than as program revenues. Likewise, general revenues include all taxes.
Non -exchange transactions, in which the County 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 County'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.
Governmental Fund Financial Statements — These statements use 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; that is, when they become both "measurable"
and "available to finance expenditures of the current period." The County 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.
F-4
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
1 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 fund for payments to be made early in the
' following year. Expenditures related to compensated absences are recorded only when leave has
been taken.
Revenues of the County, which are susceptible to accrual under the modified accrual basis of
' accounting, include property taxes, gas taxes, sales taxes, grants, 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 County; therefore, revenues are recognized
based upon the expenditures recorded. In the other, monies are virtually unrestricted as to purpose of
' expenditure and substantially irrevocable; i.e., revocable only for failure to comply with prescribed
compliance requirements, such as with equal employment opportunity. These resources are reflected
as revenues at the time of receipt or earlier if they meet the availability criterion. If revenues are
' expected to be received later than 60 days following the end of the fiscal year, then a receivable is
recorded, along with deferred inflows of resources. Once the funds are received, revenue and cash are
recorded and the receivable and deferred inflows of resources are eliminated. Deferred inflows of
resources also includes unearned revenue when receipts have not met all of the earning requirements.
' 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
I
expenses are recognized when incurred, regardless of when the related cash flows take place.
Under the terms of the grant agreements, the County 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 County's policy to first apply cost -reimbursement grant resources to such
' programs, followed by categorical block grants, and then by general revenues.
Budgets 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.
2) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the
County Budget Officer submits to the Board a proposed budget for the fiscal year commencing
the following October 1. The budget includes proposed expenditures and the means of financing
them.
3) By Board resolution, a tentative budget is submitted to the public. Public hearings are held to
obtain taxpayer comments.
4) Fifteen days after adoption of the tentative budget, a final budget is submitted for review and
adoption at a final public hearing.
' 5) Prior to, or on September 30, the 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.
F-5
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
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 expenditure
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 (GAAP) for that fund type.
10) All appropriations lapse at year end.
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.
Encumbrances - Encumbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of moneys are recorded in the restricted, committed or assigned fund
balance classifications, and is employed as an extension of the statutorily required budgetary process.
Under Florida Statutes, appropriations, even if encumbered, lapse at fiscal year end. It is the County's
intention to substantially honor these encumbrances under authority provided in the subsequent year's
budget.
Cash and Cash Equivalents — Cash balances from the majority of funds are pooled for investment
purposes. Earnings from such investments are allocated to the respective funds based on applicable
cash participation by each fund. The investment pools are managed such that all participating funds
have the ability to deposit and withdraw cash as if they were demand deposit accounts, and therefore
all balances representing participants' equity in the investment pools are classified as cash equivalents
for purposes of these statements. For investments, which are held separately from the pools, those,
which are highly liquid (including restricted assets) with an original or remaining maturity of 90 days or
less, are considered to be cash equivalents.
Investments - Florida Statute 218.415 authorizes local governments to invest its funds pursuant to a
written investment plan, which allows investment of surplus funds in the following:
1) The Florida Local Government Surplus Funds Trust Fund Investment Pool (SBA).
2) United States Government Securities — Negotiable direct obligations or obligation, the
principal and interest of which are unconditionally guaranteed by the United States
Government.
3) United States Government Agencies — Bonds, debentures, notes, callables 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.
li
1D
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
' 4) Federal Instrumentalities (United States Government -sponsored agencies) — senior
obligations, which include bonds, debentures, notes, callables and fixed rate mortgage -
backed securities issued or guaranteed by United States government -sponsored 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 Mortgage Corporations (Freddie -Macs) including Federal
Home Loan Mortgage Corporation participation certificates.
5) Interest -bearing Time Deposit or Savings Account — Non-negotiable interest -bearing time
' certificates of deposit or savings accounts in financial institutions organized under the laws
of this State and/or in national financial institutions organized under the laws 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 Act, Chapter 280, Florida
Statutes. Additionally, the financial institution shall not be listed with any recognized credit
watch information service.
6) Registered Investment Companies (Money Market Mutual Funds) — Shares in open-end
and no-load Money Market Mutual Funds provided such funds are registered under the
Federal Investment Company Act of 1940 and operate in accordance with 17 C.F.R.
270.2a-7, which stipulates that money market funds must have an average weighted
maturity of 90 days or less. In addition, the share value of the money market funds must
equal to $1.00.
' 7) Intergovernmental Investment Pool — Intergovernmental Investment Pools that are
authorized pursuant to the Florida Interlocal Cooperation Act, as provided in Section
163.01, Florida Statutes.
All investments are stated at fair value.
Accounts Receivable - Amounts due from private individuals, organizations, or other governments,
' which pertain to charges for services rendered, 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 of the age of the various accounts.
iInterfund Balances and Activity - During the course of normal operations, the County has numerous
transactions between funds. Examples of these transactions include providing services, constructing
assets, matching grants 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/expenditures to the funds receiving the services.
As part of the consolidation process, to avoid distorting financial results, the interfund activities are
eliminated in the General Fund. Interfund activities such as municipal and unincorporated service
district's policing, 911, and interagency communications are reported as revenues in the fund that
captures the revenue and as an expenditure in the fund which disburses the funds for the service. The
offsetting expenditures and revenues are re -classed to interfund transfers. However, interfund security
services provided by the Sheriff and used by the airports, are not eliminated.
' F,
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
Additionally, short-term interfund loans are recorded from time to time as cash flow needs arise. As of
fiscal year-end, any unpaid amounts related to these transactions are reported as "due from other
funds" or "due to other funds" on the fund financial statements.
Inventory — Inventory in the General Fund consists of certain supplies, which are stated at cost using
the moving average cost method. The inventory is determined by an annual physical count.
Inventories are reported as an unspendable classification of fund balance as these amounts are not in
spendable form and are not expected to be converted to cash.
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 hierarchy of enterprise fund spending is to use restricted resources first, and then unrestricted
resources as they are needed.
Mortgage/Notes Receivable - The mortgages receivable associated with the Governmental Grants and
the Local Housing Assistance funds are intended to ultimately be forgiven; as such they are offset by
an allowance for uncollectible accounts.
Capital Assets - Capital assets are reported in the applicable governmental or business -type activities
column in the government -wide financial statements. Capital assets of the County 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 fair market value at the date of donation. Costs of maintenance and repairs that do not add
to the value of assets or extend their useful lives are not capitalized.
The County maintains a $1,000 threshold for additions to equipment with an estimated useful life in
excess of two years. Buildings are capitalized when the value is $15,000 or greater. Public domain
and 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:
Buildings
Equipment
Infrastructure
Public domain infrastructure
Capacity rights
Capacity rights represent an intangible asset
operator that included wastewater processing
of 99 years.
Life — Years
10-50
5-10
10-50
20-50
99
that arose from a contract with a private wastewater
capacity for 1,500 equivalent dwelling units for a period
F-8
C
f'
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
Compensated Absences — County policy permits employees to accumulate a limited amount of annual
and sick leave, which will be paid to employees upon termination of employment. In the government -
wide and proprietary fund financial statements, an expense and a liability for compensated absences
and the salary -related payments are recorded as the leave is earned.
Landfill Closure Costs - Under the terms of current state and federal regulations, the County 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
County is recognizing these costs of closure and post closure 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.
Deferred Inflows of Resources and Unearned Revenues — In addition to liabilities, the balance sheet
will report a separate section for deferred inflows of resources. This separate financial statement
element, deferred inflows of resources, represents an acquisition of net position that applies to a future
period and so will not be recognized as an inflow of resources until that time. The County has two
items that qualifies for reporting in this category, advances from other governments and unavailable
revenues. The advances from other governments are grants received in advance of meeting the GASB
33 timing requirements in governmental funds. The governmental funds also report unavailable
revenues from services rendered. Unearned revenues in governmental activities are deposits held on
exchange transactions that will occur in the future and the corresponding revenue will be recognized at
that time.
Lonq-Term Obligations - Long-term debt is reported as a liability in the proprietary fund statement of net
position. Long-term debt associated with the County's governmental activities is presented on the
government -wide financial statements of the County. In the County's governmental fund financial
statements, the face amount of debt issued is reported as another financing source, while principal
payments are reported as expenditures.
Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due
and payable on November 1st of each year. A four percent discount is allowed if the taxes are paid in
November, with the discount declining by one percent each month thereafter. Taxes become
delinquent on April 1st of each year, and tax certificates for the full amount of any unpaid taxes and
assessments must be sold not later than June 1 st of each year. No accrual for the property tax levy
becoming due in November of 2013 is included in the accompanying financial statements, since such
taxes are collected to finance expenditures of the subsequent period.
Fund Balance Policies — The focus of fund balance reporting is to clearly communicate the constraints
imposed upon resources in governmental funds. The fund balance classifications indicate the level of
constraints placed upon how resources can be spent and identify the sources of those constraints. The
following five classifications: nonspendable, restricted, committed, assigned, and unassigned, serve to
inform readers of the financial statements of the extent to which the County is bound to honor
constraints on the specific purposes for which resources in a fund can be spent.
Fund balances of governmental type funds are classified as follows:
Nonspendable — Include amounts that cannot be spent because they are either not in
spendable form, or for legal or contractual reasons, must be kept intact. This classification
includes inventories, prepaid amounts, assets held for sale, and long-term receivables.
F-9
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
Restricted — Include amounts that can be spent only for specific purposes because of
constitutional provisions or enabling legislation, or because of constraints that are externally
imposed by creditors, grantors, contributors or the laws or regulations of other governments.
Committed — Include amounts that can be used only for the specific purposes determined by a
formal action in the form of a resolution of the Board of County Commissioners, the County's
highest level of decision making authority. Commitments may be changed or lifted only by the
Board taking the same formal action that imposed the constraint originally.
Assigned — Include amounts that are intended by the County to be used for specific purposes
determined by a formal action in the form of a resolution, but are neither restricted nor
committed. The County Administrator will have the authority to assign fund balance based on
intentions for use of fund balance communicated by the Board.
Unassigned — This is the residual classification of the General Fund. Only the General Fund
reports a positive unassigned fund balance. Other governmental funds might report a negative
balance in this classification, as the result of overspending for specific purposes for which
amounts had been restricted, committed, or assigned. Unassigned fund balance does not
necessarily represent the amount of fund balance that can be appropriated.
The County has adopted a fund balance policy that commits to maintaining fund balance at a
predetermined level. The policy requires reserves of four months of operating capital to address the
disparity in timing between the expenditure of funds and to protect against revenue shortfalls or one-
time expenditures and to address the County's responsibility to respond to disaster/emergency
situations. As of September 30, 2013, the required minimum fund balance for the general fund is
$25,114,316, comprised of operating capital of $15,114,316 and a hurricane/disaster reserve of
$10,000,000. Since this is a plan for accumulating resources rather than a limitation on how existing
resources can be spent, the fund balance policy does not affect the classification of fund balance and is
included in the assigned and unassigned fund balance.
The County spends restricted amounts first, when both restricted and unrestricted fund balance is
available, unless prohibited by legal documents, grant agreements or contracts. Additionally, the
County uses committed fund balance, followed by assigned fund balance and then unassigned fund
balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund
balance classifications could be used.
Fund Deficits — There are no fund deficits to report at September 30, 2013.
Excess of Expenditures Over Appropriations — During the fiscal year ended September 30, 2013, the
Road and Bridge Fund transfers to other funds exceeded appropriations by $97,250. This was
attributable to contract change orders that were not covered by the budget and was covered by
reserves provided for in the budget. The Transportation Planning Program 07-09 category in the
Governmental Grants Fund exceeded appropriations by $1,127. This was attributable to additional
expenses incurred that were not anticipated in the budget. Other categories within Transportation
under spent their budgets and provided the funding to cover this. The transfer of excess fees back to
the County was not budgeted in the Sheriff's Trauma Star and Radio Communications nonmajor
special revenues funds for $91,374 and $51,371, respectively. The Clerk's Court Related nonmajor
special revenue fund was able to transfer an additional $24,339 of excess fees back to the County in
excess of the amount budgeted.
F-10
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Continued)
' The Supervisor's Voter Ed & Equipment, a nonmajor special revenue fund, does not have a legally
adopted budget.
' Net Position — Net position in the proprietary fund financial statements is classified as net investment in
capital assets; restricted; and unrestricted. Restricted net position totaled $4,486,851, which
represents constraints on resources that are either externally imposed by creditors, grantors,
' contributors, or laws or regulations of other governments or imposed by law through state statute.
NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS
The County 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 bond covenants or other legal restrictions.
'
As of September 30, 2013, except for the Pension Trust Fund cash of $216,959 and investments of
$650,104, the carrying value
of the
County's deposits
and investments with their
respective credit
ratings, are as follows:
'
Credit
Less than 6
6 Months to
Investment Type
Rating
Fair Value
Months
1 Year
1 to 3 Years
tDemand
and Time Deposits
N/A
$ 91,430,706
$ 91,430,706
$ -
$ -
Local Gov't Surplus Fund
Unrated
155,692
154,415
-
1,277
US Treasury Notes
AA+
63,783,606
23,089,251
28,213,483
12,480,872
'
Federal Agency Bond / Note
AA+
89,675,316
51,792,968
15,858,619
22,023,729
Total Fair Value
$ 245,045,320
$166,467,340
$ 44,072,102
$ 34,505,878
Credit Risk — The County'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 AAAm 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.
F-11
I
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS - (Continued)
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:
Portfolio
Maximum in
Investment Type
Maximum
any one issuer
Florida Local Government Surplus Funds Trust Fund
100%
n/a
United States Government Securities
100%
n/a
United States Government Agencies
50%
10%
Federal Instrumentalities
80%
30%, with a maximum of
Maximum in callable securities
25% in callable securities
Interest -bearing Time Deposit or Savings Accounts
10%
10%
Money Market Mutual Funds
20%
10%
Intergovernmental Investment Pool
10%
n/a
At September 30, 2013, the portion of the County's investment portfolio invested in Federal
instrumentalities is detailed as follows:
Percent of
Issue Investment Portfolio
Federal Home Loan Bank 13.55%
Federal Home Loan Mortgage Corp 17.44%
Federal National Mortgage Assoc 17.09%
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. Demand and time
deposits are fully insured by the FDIC for the first $250,000 at each institution and the remaining
balances are insured 100% by the State of Florida collateral pool, a multiple institution pool with the
ability to assess its members for collateral shortfalls if a member institution fails.
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, 2013, 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.
J
F-12
w�
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS - (Continued)
Cash and Cash Equivalents — The County, excluding the Pension Trust Fund and Agency Funds, has
the following unrestricted and restricted cash and cash equivalents at September 30, 2013:
Local
Government
Surplus Trust
Demand
'
Unrestricted Cash & Cash Equivalents:
Fund
Deposits
Total
Governmental Activities:
Governmental Funds
$ 154,831
$ 64,904,142 $
65,058,973
'
Internal Service Funds
Business -Type Activities
-
861
7,229,947
7,946,503
7,229,947
7,947,364
Total Unrestricted Cash & Cash Equivalents
155,692
80,080,592
80,236,284
Restricted Cash and Cash Equivalents:
Business -Type Activities
-
4,441,530
4,441,530
Total Cash and Cash Equivalents
$ 155,692
$ 84,522,122 $
84,677,814
In the Sheriffs 911 Wireless fund, cash in the amount of $1,721,381 must be maintained in a separate
account according to Statute. This cash can only be used for capital expenditures directly attributable
to establishing and provisioning E911 services.
As of September 30, 2013, the fiduciary funds had cash balances totaling $7,125,543 in demand
deposits, including the Pension Trust cash of $216,959.
NOTE 3 — RESTRICTED ASSETS
Restricted assets in the Enterprise Funds include those created by resolutions adopted by the County
for the landfill escrow account and airport passenger facility charges. Total restricted assets as of
September 30, 2013 are as follows.
' Cash and Cash Accounts
Equivalents Receivable Total
Municipal District Waste Landfill Closure Escrow $ 1,701,521 $ -
$ 1,701,521
Key West Airport
Passenger Facility Charge 2,740,009 214,349 2,954,358
$ 4,441,530 $ 214,349 $ 4,655,879
F-13
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 4 — ACCOUNTS RECEIVABLE
Accounts receivable, in the accompanying fund financial statements, are shown net of the allowance for
doubtful accounts. The accounts receivable and the allowance balances are as follows:
Governmental Activities:
General Fund
Fine & Forfeiture Fund
One Cent Infrastructure
HIDTA Grants Fund
Nonmajor Funds:
Fire & Amb Dist 1 Fund
Other Nonmajor Funds
Internal Service Funds
Total Governmental Activities
Business -Type Activities:
MSD-Waste Fund:
Card Sound Bridge
Key West Airport
Marathon Airport
Total Business -Type Activities
Total Accounts Receivable
Allowance for Accounts
Accounts Uncollectible Receivable,
Service Provided Receivable Accts Net
Misc $ 147,692 $ 7,439 $ 140,253
Air Amb Svc 7,045,087 5,927,721 1,117,366
Misc 208 - 208
Misc 22,911 - 22,911
Ground Amb Svc 2,173,648 1,898,143 275,505
Misc 61,345 - 61,345
Misc 714,249 - 714,249
10,165,140 7,833,303 2,331,837
Tipping Fees
15,489
3,909 11,580
Waste Assessments
568,159
564,997 3,162
Solid Waste
407,002
- 407,002
Franchise
Misc
200
- 200
Rent, Misc
885,300
52,528 832,772
Misc
33,745
- 33,745
1,909,895 621,434 1,288,461
$ 12,075,035 $ 8,454,737 $ 3,620,298
The County Commission approved an air ambulance billing write off during the year of $1,161,971
NOTE 5 - ASSESSMENTS RECEIVABLE
The County has been improving water quality by replacing cesspits and septic systems with a series of
central wastewater collection and treatment systems. The County has funded these projects with state
grants and loans, local infrastructure sales surtax and special assessments levied on the property
owners. The property owners have the option of paying their special assessments up front or on an
installment basis that is added to their real estate tax bills. Revenue is recognized on the modified
accrual basis. Once the construction project is substantially complete, the remaining assessment is
recorded with an offset to deferred inflows of resources for those amounts that are not available.
Property owners who selected the installment option under the Stock Island and Big Coppitt
assessment programs continue to pay the assessments remaining for these completed projects. The
Duck Key project was substantially complete during the year ended September 30, 2013. The Cudjoe
Regional project which includes Sugarloaf Key, Summerland Key, Cudjoe Key and Big Pine Key is
ongoing and collections are shown as unearned revenues until project completion.
fl
F-14
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 6 - MORTGAGES RECEIVABLE
I
Mortgages receivable at September 30, 2013 consist of the following:
Major Governmental Funds -Governmental Grants Fund:
Second Mortgages Receivable from individuals, collateralized by personal
residences. Payment of principal deferred for ten (10) years from date of note.
Principal is amortized in equal monthly amounts starting in year six (6) until ten (10)
at which time the loan is fully forgiven. In event of sale/transfer of property or
occupancy the prorated principal balance is due in full within thirty (30) days of
sale/transfer or cessation of primary residence.
Nonmaior Governmental Funds -Local Housing Assistance:
Second Mortgages Receivable from individuals, collateralized by personal
residences. Commencing in year sixteen of the mortgage, principal and accrued
interest at 3% will be forgiven at the rate of 6.66% annually. The entire principal
balance and accrued interest will be forgiven at the end of year thirty. If the
residence is sold before the initiation of the forgiveness period, the full amount of the
mortgage and accrued interest is due at closing.
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.
Second Mortgages Receivable from individuals, collateralized by personal
residences. The entire balance of the mortgages will be forgiven upon maturity,
provided that the mortgagor complies with the mortgage covenants. The mortgages
are interest free.
Second Mortgages Receivable from individuals, collateralized by personal
residences. The entire balance of the mortgages will be forgiven over ten, fifteen or
twenty years, provided that the mortgagor complies with the mortgage covenants.
The mortgages are interest free.
Florida Homebuyer Opportunity Tax Credit (FHOP), Second Mortgages Receivable
from individuals, collateralized by personal residences. Interest on note is 6% per
annum, except if paid in full within first 18 months of repayment period then interest
rate shall be 0% from the date when the first payment is due.
Total Mortgages Receivable
$ 335,049
57,211
7,881,138
505,466
272,734
25,227
8,741,776
$ 9,076,825
The mortgages receivable associated with the Governmental Grants are offset by an allowance for
' uncollectible accounts of $335,049. As the mortgages receivable associated with the Local Housing
Assistance fund are intended to ultimately be forgiven, an allowance for uncollectible accounts of
$8,741,776 has been established.
F-15
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 7 — CAPITAL ASSETS
Internal service fund capital asset information is included in the governmental activities on the
government -wide financial statements, because the internal service funds predominately serve those
activities.
Capital asset activity for the year ended September 30, 2013 is as follows:
Beginning Ending
Balances Additions Reductions Balances
Governmental Activities
Capital assets not depreciated:
Land $ 71,837,568 $ 21,000 $ - $ 71,858,568
Construction in progress 23,228,918 29,381,247 4,868,553 47,741,612
Total capital assets not depreciated 95,066,486 29,402,247 4,868,553 119,600,180
Capital assets depreciated:
Buildings
Equipment
Infrastructure
Capacity rights
Total capital assets depreciated
Less accumulated depreciation for:
Buildings
Equipment
Infrastructure
Capacity rights
Total accumulated depreciation
Total capital assets depreciated, net
Governmental funds, capital assets, net
Business -type Activities:
Capital assets not depreciated:
Land
Construction in progress
Total capital assets not depreciated
Capital assets depreciated:
Land improvements
Buildings
Equipment
Infrastructure
Total capital assets depreciated
Less accumulated depreciation for:
Land improvements
Buildings
Equipment
Infrastructure
Total accumulated depreciation
Total capital assets depreciated, net
Business -type activities, capital assets,
net
149,819,402
5,034,188
- 154,853,590
61,718,372
4,201,243
2,304,355 63,615,260
87,530,812
379,344
- 87,910,156
3,150,000
-
- 3,150,000
302,218,586
9,614,775
2,304,355 309,529,006
50,008,313
2,979,174
- 52,987,487
39,323,795
4,847,892
2,026,869 42,144,818
28, 364, 302
1,771,164
- 30,135,466
254,544
31,818
- 286,362
117,950,954
9,630,048
2,026,869 125,554,133
184,267,632
183,974,873
279, 334,118
303, 575, 053
5,141,787 - - 5,141,787
1,366,921 2,602,493 1,053,008 2,916,406
6,508,708 2,602,493 1,053,008 8,058,193
212,925
-
- 212,925
55,293,031
345,785
- 55,638,816
4,848,584
406,660
37,906 5,217,338
48,840,606
233,236
- 49,073,842
109,195,146
985,681
37,906 110,142,921
212,925
-
- 212,925
9,623,647
1,365,496
- 10,989,143
3,407,414
359,403
32,430 3,734,387
17,117,249
1,527,073
- 18,644,322
30,361,235 $
3,251,972 $
32,430 33,580,777
78,833,911
76,562,144
$ 85,342,619
$ 84,620,337
YI
F-16
J
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 7 — CAPITAL ASSETS - (Continued)
' Depreciation was charged to functions/programs on the government -wide Statement of Activities of the
County as follows:
' Governmental Activities: Business -type Activities:
General Government $1,320,952 Municipal Service District -Waste $ 75,986
Public Safety 5,028,716 Card Sound Bridge 357,714
' Physical Environment 798,730 Key West Airport 2,181,216
Transportation 1,002,161 Marathon Airport 637,056
Economic Environment 24,449 Total Business -type Activities $ 3,251,972
Human Services 267,357
Culture and Recreation 404,529
Court Related 672,524
' Total Governmental Activities $9,519,418
Equipment was transferred into internal service funds with $110,630 of accumulated depreciation.
NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION
' Plan Description The Monroe County Board of County Commissioners (BOCC) administers a single -
employer defined benefits healthcare plan (the "Plan"). Florida Statute 112.0801 requires the County to
provide retirees and their eligible dependents with the option to participate in the Plan if the County
provides health insurance to its active employees and their eligible dependents. The Plan provides
' medical coverage and prescription drug benefits to both active and eligible retired employees. The Plan
does not issue a publicly available financial report.
' The BOCC may amend the plan design, with changes to the benefits, premiums and/or levels of
participant contribution at any time. In an open session, on at least an annual basis and prior to the
annual enrollment process, the BOCC approves the rates for the coming calendar year for the retiree
and County contributions.
The Plan includes participants from the BOCC and each Constitutional Officer. The BOCC is
' responsible for funding all obligations not funded on a pay as you go basis by Constitutional Officers.
Accordingly, all disclosures are on a County -wide basis and the net OPEB obligation for the Board
includes obligations related to the Constitutional Officers.
IEligibility for post employment participation in the Plan is limited to full time employees of the County,
and the Constitutional Officers. At September 30, 2013, there were no terminated employees entitled
' to deferred benefits. The membership of the County's medical plan consisted of:
Active Employees 1,195
Retirees and beneficiaries currently receiving benefits 411
' Total Membership 1,606
F-17
1
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued)
Funding Policy The contribution requirements of plan members and the County are established and
may be amended by the County. The required contribution is based on pay-as-you-go financing
requirements, net of member contributions.
Employees who retire as an active participant in the Plan and were hired on or after October 1, 2001
may continue to participate in the Plan by paying the monthly premium established annually by the
BOCC. Employees who retire as an active participant in the plan, were hired before October 1, 2001,
have at least ten years of full time service with the County, and meet the retirement criteria of the
Florida Retirement System (FRS) may continue to participate in the Plan at a cost equal to the FRS
Health Insurance Subsidy for ten years of service (currently $5 per month for each year of service credit
at retirement or $50 per month). Retirees who have met the requirements for early retirement, have not
achieved age 60 and whose age and years of service do not equal 70 (rule of 70) must pay the
standard monthly premium until the age criteria or the rule of 70 is met. At that time, the retiree's cost
of participation will be equal to the FRS Health Insurance Subsidy. Surviving spouses and dependents
of participating retirees may continue in the plan if eligibility criteria specific to those classes are met.
For the fiscal year 2013, the County contributed the following:
Claims paid by Group Insurance Fund $ 4,118,490
Allocation of administrative expenses and incurred but
not reported costs (IBNR) 396,450
OPEB costs 4,514,940
Less retiree contributions (618,629)
County contribution $ 3,896,311
Annual OPEB Costs and Net OPEB Obligation — The County's annual other postemployment benefit
(OPEB) cost (expenses) is calculated based on the annual required contribution of the employer (ARC),
an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC
represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each
year and amortize any unfunded liabilities over a period not to exceed thirty years. The following table
shows the actuarially determined components as of October 1, 2011 (the latest actuarial valuation
date), under the current plan provisions, of the County's unfunded annual OPEB cost, the amount
actually contributed to the plan and the changes in the County's net OPEB obligation to the plan.
Annual required contribution
$ 7,428,000
Interest on net OPEB obligation
1,031,000
Adjustment to annual required contribution
(875,000)
Annual OPEB cost
7,584,000
Less Contributions made
(3,896,311)
Increase in net OPEB obligation
3,687,689
Net OPEB obligation, beginning of year
26,884,079
Net OPEB obligation, end of year $ 30,571,768
F-18
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued)
The County's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the
net OPEB obligation for 2013 and the two preceding years were as follows (amounts expressed in
thousands):
Fiscal Annual Percentage of Net
Year OPEB Annual OPEB OPEB
Ended Cost Cost Contributed Obligation
' 9/30/11 $ 9,676 28.0% $ 22,913
9/30/12 7,428 46.5% 26,884
9/30/13 7,584 51.4% 30,572
The net OPEB obligation at the end of the year is $28,992,517 for Governmental Activities and
9 Y
$1,579,251 for Business -type Activities. The OPEB obligation for governmental activities is presented
only on the government -wide financial statements of the County.
No trust or agency fund has been established for the plan; there were no adjustments to the annual
required contribution or interest earnings.
Funded Status and Funding Progress — At September 30, 2013, funded status and funding progress is
' as follows (amounts expressed in thousands):
Actuarial UAAL as a
' Accrued Percentage
Actuarial Actuarial Liability - of
Valuation Value of Projected Unfunded Funded Covered Covered
Date Assets Unit Credit AAL Ratio Payroll Payroll
10/01/07 $ - $ 79,637 $ 79,637 0% $ 68,193 116.80%
10/01/09 _ 142,473 142,473 0% 65,357 217.99%
10/01/11 113,588 113,588 0% 67,299 168.78%
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and the healthcare cost trend.
Amounts determined regarding the funded status of the plan and the annual required contributions of
the employer are subject to continual revision as actual results are compared with past expectations
and new estimates are made about the future. The schedule of funding progress, presented as required
supplementary information following the notes to the financial statements, presents trend information
about whether the actuarial value of plan assets is increasing or decreasing over the time relative to the
actuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based
on the substantive plan (the plan as understood by the employer and plan members) and include the
' types of benefits provided at the time of each valuation and the historical pattern of benefit cost sharing
between the employers and plan members to that point.
F-19
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 8 — POST EMPLOYMENT BENEFITS OTHER THAN PENSION - (Continued)
The valuation dated July 9, 2012, for the fiscal dates of October 1, 2011 to September 30, 2012, was
prepared using generally accepted actuarial principles and practices, and relied on unaudited census
data and medical claims data reported by the County. The valuation used the projected unit credit
actuarial method. Demographic assumptions mirror those used for the various Florida Retirement
System pension funds. The actuarial assumptions include an annual health care cost trend rate of
10.0% initially, reduced by decrements to an ultimate rate of 5.0%. The assumptions included a
discount rate that is tied to the return expected on the funds used to pay the benefits, and assumes for
an unfunded plan, that the benefits continue to be funded on a pay-as-you-go basis, that the County's
investments earn a 4.5% rate of return over the long term, and the inflation rate will be 3%. The
unfunded accrued actuarial liability is amortized over thirty years on an open basis, as a level
percentage of the projected payroll, which is assumed to increase at 3.5% per annum.
NOTE 9 — FLORIDA RETIREMENT SYSTEM RETIREMENT PLAN
Plan Description — Substantially all full-time County employees are participants in the Florida
Retirement System, (FRS), administered by the Florida Department of Management Services.
Employees elect to participate in either the defined benefit plan ("Pension Plan"), a multiple -employer;
cost -sharing public employee defined benefit retirement plan, or the defined contribution plan
(Investment Plan) under the FRS. As a general rule, membership in the FRS is compulsory for all
employees working in a regularly established position of a state agency, county government, district
school board, state university, community college, or a participating city or special district within the
state of Florida. FRS provides retirement benefits, disability benefits, annual cost -of -living adjustments,
and death benefits to Pension Plan members and beneficiaries of various governmental units within the
State of Florida. Benefits are established by Chapter 121, Florida Statutes, and Chapter 60S, Florida
Administrative Code. Amendments to the law can be made only by Act of the Florida legislature.
For employees hired before July 1, 2011 and enrolled in the Pension Plan, the FRS provides for vesting
of benefits after 6 years of credited service. Normal Pension Plan retirement benefits are available to
employees who retire at or after age 62 with 6 or more years of service or after 30 years if under age
62. Benefits are also based on the 5 highest state fiscal years of compensation earned during covered
employment. For employees hired July 1, 2011 and thereafter enrolled in the Pension Plan, the FRS
provides for vesting of benefits after 8 years of credited service. Normal retirement benefits are
available to employees who retire at or after age 65 with 8 or more years of service or after 33 years if
under age 65. Benefits are also based on the 8 highest state fiscal years of compensation earned
during covered employment. Pension Plan retirement benefits for all employees are based on age,
average compensation and years -of -service credit. Early retirement is available after 6 years of service
with a 5% reduction in benefits for each year prior to the normal retirement age.
In addition to the above benefits, the FRS administers a Deferred Retirement Option Program
("DROP"). This program allows eligible employees to defer receipt of monthly retirement benefit
payments while continuing employment with a FRS employer for a period not to exceed 60 months
after electing to participate. Deferred monthly benefits are' held in the FRS Trust Fund and accrue
interest.
For employees who elect to participate in the Investment Plan rather than the Pension Plan, vesting
occurs at one year of service. These participants receive a contribution of self -direction in an
investment product with a third party administrator selected by the State Board of Administration.
Investment accounts may be withdrawn by the employee 90 days after termination or retirement.
F-20
I
1
L
F
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 9 — FLORIDA RETIREMENT SYSTEM RETIREMENT PLAN - (Continued)
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, P.O. Box 9000, Tallahassee, FL 32315-9000, or from the website
www.frs.state.fl.us.
Fundinq Policy — The FRS was noncontributory for Pension Plan and Investment Plan members until
June 30, 2011. As of July 1, 2011 all members, with the exception of Deferred Retirement Option
Program (DROP) members and re-employed retirees, contribute 3% of their eligible wages.
Participating employer contributions are based upon state-wide rates established by the State of Florida
on an annual basis effective each July 1. The employer contribution rates by job class for the periods
October 1, 2012 through June 30, 2013 and July 1, 2013 through September 30, 2013, respectively,
were as follows: regular employees, 5.18% and 6.95%, special risk employees, 14.90% and 19.06%,
special risk administrative support 5.91 % and 35.96%; elected officials, 10.23% and 33.03%, senior
management 6.30% and 18.31 %, and DROP participants 5.44% and 12.84%. The County contributed
to the plan an amount equal to 10.98% of covered payroll during the fiscal year ended September 30,
2013. The County's contributions made during the years ended September 30, 2013, 2012, and 2011
were $7,388,743, $6,480,465, and $9,153,608, respectively, equal to the required contributions for
each year. The County has historically contributed amounts equal to required contributions and,
therefore, does not have a pension asset or liability as determined in accordance with GASB Statement
No. 27.
NOTE 10 — 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 created in
1999 and administered by the Board. Upon completion of ten (10) years of service, prior to normal
retirement age, and in accordance with the terms of LOSAP, a plan member is considered vested.
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 shall be administered in accordance
with the requirements of Chapter 112, Part VII, Florida Statutes.
LOSAP had 59 participants of which 31 are active, 20 are inactive and 8 are retired members for the
plan year ended December 31, 2012 and the County's fiscal year ending September 30, 2013.
Separate, stand-alone financial statements for LOSAP are not provided.
Summary of Siqnificant Accounting Policies — The financial statements of LOSAP are prepared using
the accrual basis of accounting. The contributions are recognized when due. Benefits are recognized
when due and payable in accordance with the terms of LOSAP. Administrative costs are paid by the
Board. Actuarial valuation costs are paid by LOSAP. All plan investments are reported at fair value.
F-21
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 10 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL
SERVICES - (Continued)
Fundinq Policy — Annually, as determined by the actuarial study, the Board shall appropriate funds from
the budgets of the various volunteer fire/rescue districts. These funds will be applied as contributions to
LOSAP. Plan members do not contribute. The current contribution rate is $535 per volunteer year of
service. Because the aggregate method does not identify or separately amortize unfunded actuarial
accrued liabilities, information about the funded status and funding progress is prepared using the entry
age actuarial cost method, which serves as a surrogate for the funding progress of the plan. Below is a
schedule of funding progress for three years.
Actuarial
UAAL as a
Actuarial
Actual
Accrued
Unfunded
Percentage
Valuation
Value of
Liability
AAL
Funded
Covered
of Covered
Date
Assets
(AAL)
UAAL
Ratio
Payroll
Payroll
12/31/2010
$ 831,083
$ 884,715
$ 53,632
93.1%
NA
NA
12/31/2011
841,980
870,648
28,668
96.7%
NA
NA
12/31/2012
849,903
934,705
84,802
90.3%
NA
NA
NA - Contributions and benefits are calculated based on years of service as the participants are unpaid
volunteers. As a result, there are no related covered payroll and no UALL as a percentage of covered
payroll.
Annual Pension Cost — The Board's annual pension cost of $31,588 was equal to the required
contribution. The annual required contribution was determined as part of the January 1, 2012 actuarial
valuation using the Aggregate Method. Allocations are based on years of service and the aggregation
used is by fire district. This method does not separately amortize unfunded actuarial liabilities. Under
this method, gains and losses are spread over future normal costs.
The significant actuarial assumptions used to compute the pension benefit obligation were:
1. Investment Yield: 2.0% for both present and future
2. Mortality Pattern: Not applicable
3. Salary increases: Not applicable; Benefits not based on salary
4. Termination: Godwin's Table 1, V Select & Ultimate Table, with 50% termination prob for YOS<1
5. Inflation: No increase as benefits are based on a flat amount per year of service
The annual pension cost (APC), the percentage of APC contributed to the plan, and the net obligation
for the plan year ending December 31, 2012 and the two preceding years were as follows:
Annual Percentage
Fiscal Year Pension of APC Net Pension
Ending Cost (APC) Contributed Obligation
12/31 /2010 $ 25,719 100% $
12/31 /2011 22,945 100%
12/31 /2012 31,588 100%
F-22
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 11 — CAPITAL AND OTHER SIGNIFICANT COMMITMENTS
' Construction projects and significant commitments, excluding encumbrances reported below, under
present contractual agreements as of September 30, 2013 are as follows:
Cudjoe Regional Wastewater
$ 48,922,289
'
Solid Waste Disposal
10,412,000
Stock Island Fire Station
989,109
'
Watson Bridge Repairs
Card Sound Bridge Repairs
313,007
303,043
Alarm Monitoring
270,500
ADA Compliance
231,674
'
Marathon EOC
192,922
Conch Key/Duck Key Wastewater
163,819
Miscellaneous
494,706
'
Total
$ 62,293,069
The entire construction costs of the Cudjoe Regional Wastewater project are estimated at
' $168,000,000. There is an interlocal agreement between the County and the Florida Keys Aqueduct
Authority (FKAA) for this project. The County obtained partial funding through grants and the issuance
of revenue notes backed by the pledge of the infrastructure sales surtax and wastewater special
' assessments to provide funding to FKAA for the administration, planning and construction of
wastewater projects. The County executed a grant award of $30,000,000 with the State of Florida on
June 12, 2013. During the year ended September 30, 2013, $8,088,339 was earned. The amount
' shown above as a construction commitment is the amount appropriated in the County's annual budgets
as of September 30, 2013.
Significant encumbrance commitments at September 30, 2013 are as follows:
' Encumbrance
Governmental Activities:
General Fund $ 14,968
Governmental Grants Fund 16,924
One Cent Infrastructure Surtax Fd 372,481
' Cudjoe Regional Wastewater Project 39,760
Nonmajor Governmental Funds 221,183
Total Governmental Activities 665,316
' Business -Type Activities:
Key West Airport 223,025
' Marathon Airport 11,932
Total Business -Type Activities 234,957
' Total Encumbrances $ 900,273
F-23
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 12 — LEASE OBLIGATIONS
Capitalized lease obligations are stated at the original fair market value of leased assets capitalized,
less payments since the inception of the lease discounted at the implicit rate of interest in the lease.
The future minimum debt reductions under capitalized leases consist of the following at September 30:
Fiscal year ending September 30:
2014
2015
2016
2017
2018
2019-2023
2024
Total minimum payments
Less: Amounts representing interest
Present value of net minimum lease
payments
Business -type
Activities
$ 50,000
50,000
50,000
50,000
50,000
250,000
17,270
517,270
$ 517,270
Leased property which has been capitalized as of September 30, 2013 is as follows:
Business -type
Activities
Buildings $ 774,290
Less: Accumulated Depreciation 774,290
The County leases office space and equipment under operating lease agreements. Total lease
payments made in the year ended September 30, 2013 were $6,788,405. The following is a schedule
by years of future minimum rentals under non -cancelable operating leases for the fiscal year ended
September 30:
2014
$ 5,651,582
2015
1,850,293
2016
836,432
2017
186,277
2018
1,012
$ 8,525,596
F-24
r
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 13 - LONG-TERM DEBT
Long-term debt activity for the year ended September 30, 2013 is as follows:
Current
Portion of
Beginning
Ending
Long-term
Balances
Additions
Payments
Balances
Liabilities
'
Governmental Activities:
Governmental Funds
Revenue bonds payable
$29,583,500
$ -
$ 4,486,091
$25,097,409
$ 4,656,091
Revenue notes payable
9,453,109
5,461,341
428,644
14,485,806
440,338
Accrued comp. absences
8,556,712
4,623,839
3,024,228
10,156,323
2,374,120
OPEB Liability
25,489,414
7,204,384
3,701,281
28,992,517
-
'
Total Governmental Activities
73,082,735
17,289,564
11,640,244
78,732,055
7,470,549
Business type Activities:
Revenue bonds payable
6,060,000
-
6,060,000
-
-
Arbitrage payable
6,053
-
-
6,053
-
Landfill closure costs
424,984
-
255,956
169,028
-
Accrued comp. absences
335,782
186,176
226,364
295,594
16,361
OPEB Liability
1,394,665
379,616
195,030
1,579,251
-
1
Capitalized lease obligations
567,270
-
50,000
517,270
50,000
Total Business -type Activities
$ 8,788,754
$ 565,792
$ 6,787,350
$ 2,567,196
$ 66,361
Total Long -Term Debt
$81,871,489
$17,855,356
$18,427,594
$81,299,251
$ 7,536,910
1 Internal service fund long-term debt information is included in the governmental activities on the
government -wide financial statements, because the internal service funds predominately serve those
activities.
The current portion of the post closure maintenance liability is expected to be insignificant and will be
funded by the County's operations budget instead of the related escrow funds required by federal and
state laws. Accordingly, the entire post closure maintenance liability is classified as long-term.
Governmental activities' compensated absences are liquidated by the funds to which the related
employee services relate.
The Group Insurance Internal Service Fund assesses a monthly premium per employee in each fund.
The monthly premiums paid by the various funds provide the resources necessary to liquidate the other
postemployment benefit obligations paid in the current year by the Group Insurance Internal Service
Fund.
I
F-25
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 13 - LONG-TERM DEBT - (Continued)
The following is a summary of the County's bonds and notes as of September 30, 2013:
Governmental Activities
Revenue Bonds:
Infrastructure Sales Surtax Revenue Bonds, Series 2003
Infrastructure Sales Surtax Revenue Bonds, Series 2007
Unamortized Original Issue Premium, Series 2007
Total Revenue Bonds
Revenue Notes:
Clean Water State Revolving Fund Construction Loan Agreement 2010
Clean Water State Revolving Fund Construction Loan Agreement 2013
Total Revenue Notes
Total Government Activities
Debt Service Funds Available to Pay Current Maturities
Debt Service Funding not required for Note in Construction Draw Process
Unamortized Original Issue Premium, Series 2007
Governmental Activities Principal Funding Requirements
$ 8,635,000
15,985,000
477,409
25,097,409
9,024,465
5,461,341
14,485,806
39,583,215
(2,615,695)
(5,461,341)
(477,409)
$31,028,770
Debt Service Funding Requirements - The total annual debt service requirements for bonds and notes
outstanding at September 30, 2013 are as follows:
2014
2015
2016
2017
2018
2019-2023
2024-2030
Total
Governmental Activities
Principal Interest Total
$ 4, 990, 338
5,177,352
5,374,695
5,577,372
5,825,398
2,660,135
4,039.175
$ 1,190,415
998,519
798,093
570,891
315,465
749,556
734,392
$ 6,180,753
6,175,871
6,172,788
6,148,263
6,140,863
3,409,691
4.773,567
$33,644,465 $ 5,357,331 $39,001,796
F-26
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 13 - LONG-TERM DEBT - (Continued)
Long -Term Debt at September 30, 2013 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: Year 2018 Principal payment date: April 1
Interest payment dates: April 1 and October 1 Interest rates: 3.6% to 4.0%
Amount outstanding at September 30th: $8,635,000
Reserve requirement: None; MBIA insured.
Revenue pledged: All of the One Cent Local Government Infrastructure Sales Surtax accruing to
Monroe County. The total principal and interest remaining to be paid is $9,508,798. For the fiscal
year, principal and interest paid was $1,861,203 and total pledged revenue was $17,172,360.
Purpose: To construct and acquire equipment and capital improvements.
Call provisions: First redemption date may not be later than 4/20/13 and no call premium may exceed
2% of the par amount redeemed.
' $29,415,000 Infrastructure Sales Surtax Revenue Bonds, Series 2007
Type: General Government Revenue Bonds Dated: November 2007
Final maturity: Year 2018 Principal payment date: April 1
Interest payment dates: April 1 and October 1 Interest rates: 4.0% to 5.0%
Amount outstanding at September 30th: $15,985,000
Reserve requirement: None; MBIA insured.
Revenue pledged: All of the One Cent Local Government Infrastructure Sales Surtax accruing to
Monroe County. The total principal and interest remaining to be paid is $17,900,050. For the fiscal
year, principal and interest paid was $3,639,300 and total pledged revenue was $17,172,360.
Purpose: To construct and acquire equipment and capital improvements.
Call provisions: None
$19,500,540 Clean Water State Revolving Fund Construction Loan Agreement
Type: General Government Revenue Notes Dated: April 2010
Final maturity: Year 2020 Principal payment date: March 15
and September 15
Interest payment dates: March 15 and September 15 Interest rate: 2.71%
Amount outstanding at September 30th: $9,024,465
Reserve requirement: None
Revenue pledged: Non -Ad Valorem Revenues in the General Fund, the Fine and Forfeiture Fund,
and the Unincorporated Area Service District Funds. The total principal and interest remaining to be
paid is $11,592,948. For the fiscal year, principal and interest paid was $681,938 and total pledged
' revenue was $25,076,206
Purpose: Refund temporary financing for wastewater capital improvements.
Call provisions: None
F-27
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 13 - LONG-TERM DEBT - (Continued)
Clean Water State Revolving Fund Construction Loan Agreement
On May 28, 2013, the State awarded $40,000,000 for collection, transmission and treatment facilities
under the State Revolving Fund loan program. Subsequent to year end, the following two loan
amendments were done to increase the award to the totals noted below:
December 2013 - Amendment 1465,000,000
March 2014 - Amendment 2471,000,000
During the year ended September 30, 2013, loan draws of $5,434,652 were received and interest of
$26,689 capitalized resulting in an outstanding loan balance as of September 30, 2013 of $5,461,341.
Interest rate: 2.39% as of September 30, 2013
Final maturity and payment: Details to be determined upon completion of draw process
Reserve requirement: None
Revenue pledged: One Cent Local Government Infrastructure Sales Surtax and Cudjoe Regional
Wastewater special assessments. For the fiscal year, there were no principal and interest payments
made as the loan was still in the draw process and total pledged revenue was $22,250,432
Purpose: Financing for wastewater capital improvements.
Call provisions: None
NOTE 14 — 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 of the Middles Keys, Inc. to
provide for the refinancing of certain outstanding indebtedness of the corporation and for financing
certain capital improvements to the corporation's health care facilities. Ownership of the 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 for the 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.
City of South Miami Health Facilities Authority Hospital Revenue Bonds, Series 2007 - On April 18,
2007, the Board approved an interlocal agreement with the City of South Miami Health Facilities
Authority for the issuance of $800,000,000 of tax-free bonds for Mariner's Hospital (Baptist Health
South) for the purpose of financing capital improvements to health care facilities and refund outstanding
bonds. The facilities will be owned by the issuers of the bonds and the Board is not obligated in any
way for the repayment of the bonds. Monroe County was part of a group consisting of the State of
Florida and other units of local government that participated to establish the tax-free status of the
bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements.
Maturity of the Series 2007 Bonds is August 15, 2042.
J
F-28
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 15 — 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 obtains updated and revised estimates of total future closure and post closure costs from its
engineers.
All amounts recognized are based upon what it would cost to perform closure and post closure
' 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 County's previously operated landfills, which include Cudjoe Key,
Long Key, and Key Largo, are 100% used and have no remaining landfill life. Closure of these landfills
' was substantially completed during the year ended September 30, 1994. During the year, the County
requested and FDEP agreed to early release of all long term care requirements for the Key Largo and
Long Key landfills. The County also has a landfill site at Cudjoe Key which has never been used and
' the County does not presently intend to use.
Accordingly, no future closure cost is accruable except for post closure costs estimated to be incurred
in the coming year. At September 30, 2013, the estimated future cost for post closure maintenance was
$169,028.
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 County to fund
closure, and post closure costs as an operating expense using annual appropriations. Since the current
portion of the post closure maintenance liability is expected to be insignificant and will be funded by the
' County's operations budget, the entire post closure maintenance liability is classified as long-term.
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. Due to the early release of the financial
assurance for the Key Largo and Long Key landfills and the increase in estimate for the Cudjoe Key
Landfill, $230,000 was removed from the escrow account. Investment earnings of $293 were earned
' and added to the escrow account during the year. In accordance with laws and regulations, the landfill
had cash and investments of $1,701,521 held for these purposes at September 30, 2013. 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.
F-29
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 16 - INTERFUND BALANCES
Interfund balances at September 30, 2013 are as follows:
Due to General Fund from:
Fine & Forfeiture Fund
$ 12,823
HIDTA Grants Fund
240,489
Governmental Grants Fund
62,587
Nonmajor Governmental Funds
2,059,266
Card Sound Bridge Fund
1,928
Internal Service Funds
12,190
Total
2,389,283
Due to Fine & Forfeiture from:
General Fund
1,222,938
Due to HIDTA from:
Nonmajor Governmental Funds
1,194
Due to Governmental Grants Fund from:
General Fund
323,505
Nonmajor Governmental Funds
907,524
Total
1,231,029
Due to Cudjoe Regional Wastewater Proj from:
Nonmajor Governmental Funds
54,949
Due to Nonmajor Governmental Funds from:
General Fund
1,309,180
Governmental Grants Fund
18,587
Big Coppitt Wastewater Project Fund
54,087
Nonmajor Governmental Funds
1,014,125
Total
2,395,979
Due to Internal Service Fund from:
General Fund
139,483
HIDTA Grants Fund
307,546
Total
447,029
Due to Municipal Svc District Fund from:
General Fund
3,983
Due to Key West Airport Fund from:
Nonmajor Governmental Funds
41,378
Due to Marathon Airport Fund from:
Key West Airport Fund
1,145
Total Interfund Balances
$ 7,788,907
During the course of operations, transactions occur which result in amounts owed 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 position.
F-30
I
1
I
J
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 17 - INTERFUND TRANSFERS
Interfund transfers at September 30, 2013 are as follows:
Transfers to General Fund from:
Fine & Forfeiture Fund
One Cent Infrastructure Surtax Fund
Municipal Svc District Waste Fund
Card Sound Bridge Fund
Internal Service Funds
Nonmajor Governmental Funds
Total
Transfers to Fine & Forfeiture Fund from:
General Fund
Nonmajor Governmental Fund
Total
$ 36,235,589
262,192
215,407
195,499
716,742
10,786,562
48,411,991
1,177,780
142,744
1,320,524
Transfers to Governmental Grants Funds from:
General Fund 319,522
Nonmajor Governmental Funds 893,197
Total 1,212,719
Transfers to One Cent Infrastructure Surtax
'
Fund from:
Nonmajor Governmental Funds
'
Transfer to Cudjoe Regional Wastewater Proj
from:
One Cent Infrastructure Surtax Fund
'
Nonmajor Governmental Funds
Total
'
Transfers to Debt Service Fund from:
One Cent Infrastructure Surtax Fund
Big Coppitt Wastewater Project Fund
'
Transfers to Nonmajor Governmental Funds
from:
General Fund
'
Fine & Forfeiture Fund
Governmental Grants Fund
One Cent Infrastructure Surtax Fund
'
Big Coppitt Wastewater Project Fund
Cudjoe Regional Wastewater Proj Fund
Municipal Svc District Waste Fund
'
Nonmajor Governmental Funds
Total
Transfers to Mun Service Dist -Waste Fund from:
' General Fund
Transfers to Marathon Airport Fund from:
Key West Airport Fund
Total Interfund Transfers
F-31
21,132
19,404,000
926
19,404,926
5,248,371
1,022,969
6,271,340
1,674,336
1,770,733
678,463
3,900,000
1,000
2,000
8,000
200,760
8,235,292
3,704
50,888
$84,932,516
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 17 - INTERFUND TRANSFERS - (Continued)
The One Cent infrastructure Surtax Fund, a major fund, interfund transfers out totaling $5,248,371 are
related to the funding of debt service and interfund transfers out totaling $23,304,000 are for the partial
funding of the Duck Key Wastewater Project, a nonmajor fund, and Cudjoe Regional Wastewater
Project, a major fund. Transfers to the Governmental Grants Fund of $1,212,719 represent the match
requirements of various grants. The Key West Airport fund transfers out of $50,000 to the Marathon
Airport fund provides for runway painting. The remaining transfers in and out are related to supporting
operations.
NOTE 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS
Fund Balances are presented in the following categories; nonspendabie, restricted, committed,
assigned and unassigned (see Note 1 for a description of these categories). A detailed schedule of
governmental fund balances at September 30, 2013 is on the following page:
J
F-32
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1
I
THIS PAGE INTENTIONALLY LEFT BLANK
Ll
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 18 — GOVERNMENTAL
FUND BALANCE CLASSIFICATIONS -
(Continued)
Govern-
One Cent
Fine &
mental
Infrastruc-
General Forfeiture
Grants
ture Surtax
Fund Balances:
Nonspendable:
Inventory
$ 5,450 $ -
$ -
$ -
Restricted for:
Law Enforcement
- 18,209,080
-
-
Fire & Ambulance
- -
-
-
Public Safety
- -
-
-
Physical Environment
- -
-
-
Transportation
- -
-
-
Housing Programs
- -
-
-
Tourist Development
- -
-
-
Human Services
- -
-
-
Libraries
- -
-
-
Library Donations
102,461 -
-
-
Cultural & Recreation
- -
-
-
Court Programs
- -
-
-
Comprehensive Planning
- -
-
-
Federal & State Grants
- -
2,388,460
-
Wastewater Projects
- -
-
-
Other Purposes
- -
-
-
Debt Service
- -
-
-
Capital Projects
- -
-
11,194,376
Total Restricted
102,461 18,209,080
2,388,460
11,194,376
Committed to:
Physical Environment
- -
-
-
Sheriff Contract Admin
- -
-
-
Wastewater Projects
- -
-
-
Beach Renourishment
- -
-
-
Total Committed
- -
-
-
Assigned to:
Other Purposes
14,968 -
-
-
Fire & Ambulance
- -
-
-
Subsequent Year's Expenditures 14,029,820 -
-
-
Total Assigned
14,044,788 -
-
-
Unassigned:
21,494,627 -
-
-
Total Fund Balances
$35,647,326 $18,209,080
$2,388,460
$11,194,376
F-33
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS - (Continued)
Cudjoe Nonmajor Total
Big Coppitt Regional Govern- Govern -
Wastewater Wastewater All Debt mental mental
Project Project Service Funds Funds
$ - $ 5,450
- - - 14,125,407
32,334,487
- - - 1,247,567
1,247,567
- - - 2,798,892
2,798,892
- - - 2,919,332
2,919,332
- - - 15,446,194
15,446,194
- - - 1,802,947
1,802,947
- - - 21,105, 367
21,105, 367
- - - 1,321,192
1,321,192
- - - 919,787
919,787
- - - 364,258
466,719
- - - 1,358,280
1,358,280
- - - 5,518,143
5,518,143
- - - 3,732,645
3,732,645
- 4,584,323 - -
6,972,783
3,081,404 7,363,125 - 3,093,514
13,538,043
- - - 418,169
418,169
- - 2,626,132 -
2,626,132
- - - 4,855,672
16, 050, 048
3,081,404 11,947,448 2,626,132 81,027,366
130,576,727
- - - 1,434,048
1,434,048
- - - 975,141
975,141
- - - 170,332
170,332
- - - 266,242
266,242
2,845,763 2,845,763
- 14,968
- - - 5,592,775 5,592,775
- 14,029,820
- - - 5,592,775 19,637,563
- - - - 21,494,627
$3,081,404 $11,947,448 $2,626,132 $89,465,904 $174,560,130
F-34
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 19 - RISK MANAGEMENT
The County is exposed to various risks of loss related to tort; theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal years
ended 1976, 1984 and 1988, the County established the Worker's Compensation, Group Insurance,
and Risk Management Funds, respectively, as internal service funds to account for and finance its
uninsured risks of loss.
Under these programs, the Worker's Compensation has self insured coverage up to the first $500,000
per claim for regular employees. Workers' Compensation claims in excess of the self insured coverage
of $500,000 are covered by an excess insurance policy. The Group Insurance Fund provides self
insured excess claims. Risk Management has a $5,000,000 excess insurance policy for general
liability claims with a $200,000 self -insured retention, and building property damage is covered for
the actual value of the building with a deductible of $50,000. Deductibles for windstorm and flood vary
by location. The Board purchases commercial insurance for claims in excess of coverage provided by
the funds and for all other risks of loss. Settled claims have not exceeded this commercial coverage in
any of the past three years.
All funds of the County participate in the programs and make payments to the Worker's Compensation,
Group Insurance and Risk Management Funds based on management's estimates of the amounts
needed to pay prior and current year claims. The claims liabilities reported are based on the
requirements of Governmental Accounting Standards Board Statement No. 10, which requires that a
liability for claims be reported if information prior to the issuance of the financial statements indicates
that it is probable that a liability has been incurred at the date of the financial statements and the
amount of the loss can be reasonably estimated.
Changes in the claims liability amounts in fiscal years 2013 and 2012 were:
Unpaid claims at Sept. 30, 2011
Incurred claims
(including IBNRs)
Claim payments
Unpaid claims at Sept. 30, 2012
Incurred claims
(including IBNRs)
Claim payments
Worker's
Comp.
$ 1,712,607
Group
Insurance
$ 4,581,542
Risk
Mgmt
$ 112,593
Total
$ 6,406,742
2,017,917 10, 370, 993 269,162 12,658, 072
(1,918,485) (13,935,702) (208,785) (16,062,972)
1,812,039 1,016,833 172,970 3,001,842
1,579,348 12,632,655 208,818 14,420,821
(2,321,486) (12,683,924) (147,878) (15,153,288)
Unpaid claims at Sept. 30, 2013 $ 1,069,901 $ 965,564 $ 233,910 $ 2,269,375
EI
F-35
�1
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 20 — LITIGATION AND CLAIMS
' The County is a defendant in various lawsuits and is involved in other disputes wherein substantial
amounts are claimed. The County vigorously defends itself with respect to these matters. The
County's practice is to provide for these claims when a loss is probable and a loss becomes fixed or
' determinable in amount.
As a result of administrative proceedings, a settlement agreement of $500,000 was reached
' subsequent to year end over utility connection fees to be paid by the County. Since this One Cent
Infrastructure Surtax Fund expenditure will not require the use of current expendable financial
resources, it has not been recorded as of September 30, 2013.
' As a result of regulations adopted to protect the environment and manage growth, the County is
involved in a handful of law suits. Most claims have been defeated to date, but two merit mention. In
both of these cases, the County and State of Florida are co-defendants and any amounts awarded are
' expected to be apportioned between the parties.
In one regulatory takings claim, the trial court found against the County and the State of Florida
' on the issue of liability in a bifurcated bench trial. In that trial, the Court placed a preliminary
value on the claim of $175,000. While a final determination of value has yet to be determined in
a jury trial, it is not expected to exceed $500,000 inclusive of interest, costs and attorney's fees.
' After that jury trial, the County will have its first opportunity to appeal the order finding liability.
Due to errors in the trial court's liability order, this claim should be classified as a reasonably
possible loss at most. Once the litigation and appeals are completed, the value of this claim
' should range between zero and $500,000.
In the second regulatory takings claim, the liability has been judicially determined against the
County and State of Florida. Although the jury in a prior trial valued the property at $3 million,
' that award was vacated. Due to development approvals that have been granted during the
intervening period since that prior valuation trial and determination of liability, there is a
reasonable expectation that a future jury's valuation of the property would fall below the
previous award. However, given the unusual circumstances involved, an estimate of the
amount or range of potential losses cannot be determined.
' In the opinion of the County, it is reasonably possible that there are other open suits and claims that
could result in judgments or settlements, which, in aggregate, would have a material adverse effect on
the County's financial condition. Based on the uncertainty at this stage of the proceedings, an estimate
' of the amount or a range of potential losses cannot be determined.
NOTE 21 - COMMITMENTS AND CONTINGENCIES
' Grant Programs - The County participates in a number of federal and state grant programs that are
governed by various rules and regulations of the grantor agencies. Amounts received or receivable
from grant agencies are subject to financial and compliance audits by the grantors or their
' representatives. Any disallowed claims, including amounts already collected, may constitute a liability
of the applicable funds. The amount, if any, which may be disallowed by the grantor, cannot be
determined at this time, although the County expects such amounts, if any, to be immaterial.
F-36
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 21 - COMMITMENTS AND CONTINGENCIES — (Continued)
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.
As of September 30, 2013, the County has estimated its arbitrage rebate liability to be $6,053 for its
business -type activities.
Impact Fee Refunds - Unexpended or unencumbered funds arising from the collection of impact fees
may be refunded within one year following the end of the sixth year from the date on which the impact
fee was paid or within three months of the non -commencement of construction.
NOTE 22 — CHANGE IN ACCOUNTING PRINCIPLES
The County implemented the provisions of GASB Statement No. 61, The Financial Reporting Entity. -
Omnibus, an amendment of GASB Statements No. 14 and No. 34 effective October 1, 2012.
Implementation of this statement changes the presentation of the Monroe County Land Authority from a
blended component unit of the Board and County to that of a discretely -presented component unit.
Due to the changes in presentation requiring removal of the Monroe County Land Authority as a major
fund from the County statements, the beginning governmental fund balances and government -wide net
position have been restated as follows:
Beginning balance
Removal of MCLA
Beginning balance,
As restated
Fund Balance
$203,074,385
( 22,791,075)
Net Position
$457,710,814
( 41,594,680)
416,116,134
The County implemented GASB Statement 63, Financial Reporting of Deferred Outflows of Resources,
Deferred Inflows of Resources, and Net Position effective October 1, 2012. The County's
implementation required the Balance Sheet to present deferred outflows and inflows of resources in
separate sections following total assets and total liabilities sections, respectively. In the case of the
County, the implementation of this standard was isolated to reclassification of unearned revenue which
represents grant funds received in advance of expenditures and unavailable revenue from charges for
services.
NOTE 23 — PRIOR PERIOD ADJUSTMENTS
During the year ended September 30, 2013, errors were found in the previous reporting of both
revenues and expenditures for the wastewater projects and receivables cut-off. Staff analyzed each of
the wastewater projects, Stock Island, Big Coppitt, Duck Key and Cudjoe, from their inception. The
years requiring adjustment range from 2005 through 2012. Generally accepted accounting principles
require that assessment revenues and the associated interest and collection fees, be treated as
unearned until the project is substantially complete and available to the property owners. Additionally,
agreements were made to advance funds to FKAA to cover construction costs. The advance payments
made during the project periods were reported as expenditures at the time they were advanced rather
than when the money was actually spent as required by accounting standards. These reporting issues
were corrected in the year ended September 30, 2013 and resulted in the following restatements of the
beginning balances on both the fund and government -wide financial statements:
0
F-37
' MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
' NOTE 23 — PRIOR PERIOD ADJUSTMENTS (Continued):
• Cudjoe Regional Wastewater Fund (Major): $818,331 of advance payments made on
construction projects were previously treated as expenses/expenditures and $2,252,238 of
collections were previously recognized as revenue prior to the project being completed. This
' adjustment has a ($1,433,907) effect on fund balance and net position as of October 1, 2012.
• Big Coppitt Wastewater Fund (Major): Net assessment receivables of $73,207 were not
previously recorded. This adjustment has a $73,207 effect on fund balance and net position as
' of October 1, 2012.
• Duck Key Wastewater Fund (Nonmajor): $839,097 of advance payments made on construction
projects were previously treated as expenses/expenditures and $1,200,417 of collections were
previously recognized as revenue prior to the project being completed. This adjustment has a
($361,320) effect on fund balance and net position as of October 1, 2012.
The following is a summary of the restatements on the net position for the governmental activities and
' fund balance:
Net Position
' for the
Governmental
Fund Balance Activities
' Balance as of October 1 $ 180,283,310 $ 416,116,134
Cudjoe Regional Wastewater Fund (1,433,907) (1,433,907)
' Big Coppitt Wastewater Fund 73,207 73,207
Duck Key Wastewater Fund (361,320) (361,320)
' Balance as of October 1, Restated $ 178,561,290 $ 414,394,114
The Key West Airport Fund has been collecting passenger facility charges for years and recording them
' on the cash basis rather than the accrual basis required by proprietary fund reporting. This error was
discovered during the year ended September 30, 2013 and the fund and government -wide financial
statements were restated to record the appropriate receivables of $209,479 as of September 30, 2012.
' The following is a summary of the restatements on the net position for the Key West Airport, a
business -type activity:
' Net Position
for the
Business -type
' Activities
Balance as of October 1 $ 104,592,885
' Key West Airport 209,479
Balance as of October 1, Restated $ 104,802,364
' The effect of these adjustments on the immediately preceding period has not been assessed.
F-38
MONROE COUNTY, FLORIDA
Notes To Financial Statements
For the Year Ended September 30, 2013
NOTE 24 — SUBSEQUENT EVENTS
Management has evaluated subsequent events through June 30, 2014, in connection with the
preparation of these financial statements, which is the date the financial statements were available to
be issued.
F-39
P;
No
COMBINING AND INDIVIDUAL
FUND STATEMENTS AND SCHEDULES
am
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
r
AFFORDABLE HOUSING PROGRAMS
To account for revenues and expenditures of various low income housing programs. aw
ROAD & BRIDGE
To account for revenues and expenditures of the constitutional gas taxes.
TOURIST DEVELOPMENT DISTRICTS
To account for the local option three -cent bed tax in five districts, all districts two cent, and
administrative and promotional funds for the 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, fire and EMS, and fair share housing.
r.•
FIRE AND AMBULANCE DISTRICT #1, LOWER AND MIDDLE KEYS
To account for revenues and expenditures in District #1 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. OWO
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 area of the County.
LOCAL HOUSING ASSISTANCE SPECIAL REVENUE FUND mope
The Local Housing Assistance Fund is used to account for the revenues and expenditures for the
administration and implementation of the State Housing Initiatives Partnership Program.
MUNICIPAL POLICING OEM
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.
AMM
DUCK KEY SECURITY DISTRICT
To account for the revenues and expenditures in providing security services for the Duck Key District.
...r
BOATING IMPROVEMENT
To account for revenues and expenditures for providing boating -related activities, for removal of vessels
and floating structures deemed a hazard to public safety and health, and for manatee and marine
mammal protection and recovery.
MISCELLANEOUS SPECIAL REVENUE
To account for revenues and expenditures earmarked for specific purposes.
ENVIRONMENTAL RESTORATION
To account for all revenue and expenditures for fines/fees collected and earmarked for environmental INM
protection.
(Continued) w'
mi
1
1
1
1
1
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS — CONTINUED
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
To account for the revenues and expenditures for municipal services for Marathon.
WASTEWATER MSTU
To account for the revenues and expenditures for wastewater services for Conch Key, Bay Point, Big
Coppitt, Key Largo, Stock Island, Cudjoe-Sugarloaf, Long Key -Layton and Duck Key.
BUILDING FUND
' To account for the revenues and expenditures relating to building permits and for the administration and
enforcement of the building code for the unincorporated area of the County.
' SHERIFF'S INMATE COMMISSARY
To account for the receipts and disbursements of inmate telephone commissions, canteen revenues and
other inmate programs.
' SHERIFF'S GRANTS
To account for the revenues and expenditures relating to various grants.
ISHERIFF'S TEEN COURT
To account for receipts and disbursements pertaining to a program designed to deter juveniles who are
' becoming involved in crime.
SHERIFF'S SHARED ASSET FORFEITURE
' To account for the revenues and expenditures of the Sheriff Department's shared asset forfeiture
program.
SHERIFF'S FEDERAL FORFEITURE
' To account for the revenues from the U.S. Departments of Justice and Treasury. Expenditures are
made in accordance with the guidelines issued by these agencies.
' SHERIFF'S CONTRACT ADMINISTRATIVE
To account for the receipts of service fees collected for administering HIDTA, South Florida Law
Enforcement Trust Fund, Impact Support and the NHAC Financial Unit. Expenditures relate to the costs
' of administering their activities.
SHERIFF'S STATE FORFEITURE
' To account for the proceeds from state forfeitures received primarily from the South Florida Drug and
Money Laundering Task Force.
(Continued)
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS — CONTINUED
SHERIFF'S INTER -AGENCY COMMUNICATIONS
To account for revenues and expenditures allocated for radio communications.
SHERIFF'S 911
To account for fees levied on each telephone access line in Monroe County for the enhancement of the
911 emergency telephone systems.
SHERIFF'S TRAUMA STAR
To account for revenues and expenditures for the Sheriff's operation of the Trauma Star helicopter.
SHERIFF'S RADIO COMMUNICATIONS
To account for revenues and expenditures from Court fees for radio communications.
CLERK'S MODERNIZATION TRUST
To account for revenue received through an additional recording fee pursuant to Florida Statute
28.24(15)(d) to be used for equipment, equipment maintenance, training and technical assistance
necessary to modernize the clerk's public records system.
CLERK'S COURT RELATED
To account for revenues and expenditures for providing court related services under the direction of the
Clerk of the Circuit Court.
SUPERVISOR'S VOTER EDUCATION & EQUIPMENT
To account for revenue received through grants for the education of voters and the purchase of voter
equipment.
CAPITAL PROJECT FUNDS
CLERK'S REVENUE NOTE
To account for the Clerk's network system from the Florida Local Government Finance Commission
Loan.
INFRASTRUCTURE REVENUE BONDS SERIES 2003
To account for the revenues and expenditures funded by the Infrastructure Revenue Bonds Series 2003
debt issuance.
INFRASTRUCTURE REVENUE BONDS SERIES 2007
To account for the revenues and expenditures funded by the Infrastructure Revenue Bonds Series 2007
debt issuance.
DUCK KEY WASTEWATER
To account for the revenues and expenditures of the wastewater infrastructure for Duck Key.
fl
0
e
ki
Fi
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
ASSETS
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Total Assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances:
Restricted
Committed
Assigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
SPECIAL
Tourist
Tourist
Affordable Development
Development Tourist
Housing Road & All Districts
Admin & Promo Development
Programs Bridge Two Cent
Two Cent District #One
$ 95,100 $ 2,688,159 $ 1,597,904 $ 2,807,817 $ 2,042,500
284,961 7,935,080
3,188,922
5,107,874
3,337,563
- -
-
663
-
- -
80,341
199,294
181,605
- 490,335
-
-
-
723 20,128
8,089
12,957
8,466
$ 380,784 $ 11,133,702
$ 4,875,256
$ 8,128,605
$ 5,570,134
$ - $ 10,807 $
353,859 $
391,011
$ 194,068
- 82,790
1,698
543
5,556
- 870,942
40,736
53,980
183
- 37,378
-
-
247,689
- 375
-
-
-
- 1,002,292
396,293
445,534
447,496
380,784 10,131,410 4,478,963 7,683,071 4,856,396
- - - - 266,242
380,784 10,131,410 4,478,963 7,683,071 5,122,638
$ 380,784 $ 11,133,702 $ 4,875,256 $ 8,128,605 $ 5,570,134
Fl
G-1
REVENUE FUNDS
Tourist Tourist Tourist Tourist Impact Fees,
' Development Development Development Development Impact Fees, Parks and
District #Two District #Three District #Four District #Five Roadways Recreation
'
$
147,642
$
581,674
$
513,431
$
372,744
$
1,369,607
$
120,783
179,861
1,004,442
969,682
545,412
4,101,637
361,921
'
11,733
33,753
31,182
28,489
-
-
456
2,548
2,460
1,383
10,404
918
$
339,692
$
1,622,417
$
1,516,755
$
948,028
$
5,481,648
$
483,622
$
13,824
$
68,487
$
133,654
$
71,891
$
165,732
$
39,744
'
1,843
136
136
4,139
1,132
-
16
1,739
37
41
-
-
'
-
26,180
17,832
-
-
-
'
15,683
96,542
151,659
76,071
166,864
39,744
324,009
1,525,875
1,365,096
871,957
5,314,784
443,878
324,009
1,525,875
1,365,096
871,957
5,314,784
443,878
$
339,692
$
1,622,417
$
1,516,755
$
948,028
$
5,481,648
$
483,622
1
'
(Continued)
G-2
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
ASSETS
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Total Assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances:
Restricted
Committed
Assigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
SPECIAL
Impact Fees, Impact Fees, Impact Fees, Impact Fees,
Libraries Solid Waste Police Facilities Fire & EMS
$ 255,853 $
13,638
$ 29,812 $
7,181
766,371
40,836
89,292
21,544
37,419
-
-
-
1,944
104
227
55
$ 1,061,587 $
54,578
$ 119,331 $
28,780
141,800 - - -
141,800 - - -
919,787
54,578
119,331
28,780
919,787
54,578
119,331
28,780
$ 1,061,587 $ 54,578 $ 119,331 $ 28,780
G-3
IF
U
REVENUE FUNDS
Fire & Amb
Upper Keys
Unincorp.
Unincorp.
Impact Fees,
District #1,
Health Care
Area Service
Area Service
Fair Share
Lower and
Special
District,
Dist., Planning Municipal
'
Housing
Middle Keys
Taxing District
Parks & Rec.
Bldg. & Zoning Policing
$
105,313
$
1,642,632
$
295,708
$
258,058
$
1,740,832
$ 353,949
315,564
4,171,766
885,129
732,122
4,782,384
1,056,079
-
275,505
-
860
9,939
-
-
168,843
-
-
31,490
446,140
-
7,117
-
-
410,510
10,582
2,245
1,857
12,131
2,679
'802
$
421,679
$
6,276,445
$
1,183,082
$
992,897
$
6,987,286
$ 1,858,847
$
I-
-
$
123,112
$
8,370
$
40,015
$
66,819
$ -
389,861
593
26,076
243,325
-
-
-
-
-
58,631
-
=
1,116
=
8,752
3,545
=
-
-
-
-
14,983
-
-
-
3,652
_
514,089
8,963
78,495
387,303
-
-
169,581
-
-
-
-
-
169,581
-
-
-
-
421,679
-
1,174,119
914,402
6,599,983
1,858,847
'
-
5,592,775
-
-
-
-
421,679
5,592,775
1,174,119
914,402
6,599,983
1,858,847
$
421,679
$
6,276,445
$
1,183,082
$
992,897
$
6,987,286
$ 1,858,847
1
'
(Continued)
'
G-4
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
SPECIAL
Duck Key
Local
Miscellaneous
Security
Housing
Boating
Special
District
Assistance
Improvement
Revenue
ASSETS
Cash and Cash Equivalents
$ 96,444
$ 263,442
$ 679,719
$ 672,891
Investments
288,975
788,824
1,909,294
1,875,810
Accounts Receivable, Net
-
-
-
-
Assessments Receivable
-
-
-
-
Due from Other Funds
463
-
18,587
-
Due from Other Governmental Units
-
-
-
-
Mortgages/Notes Receivable
-
8,741,776
-
-
Allowance for Mortgages/Notes Receivable
-
(8,741,776)
-
-
Advances
-
-
-
-
Interest Receivable
733
2,001
4,843
4,829
Total Assets
$ 386,615
$ 1,054,267
$ 2,612,443
$ 2,553,530
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
$ 5,033 $
53,783
$ 126,978 $
33,757
Retainage Payable
-
-
-
-
Accrued Wages and Benefits Payable
-
-
-
-
Due to Other Funds
-
-
-
52,072
Due to Other Governmental Units
-
-
11,688
16
Unearned Revenues
-
-
-
Other Current Liabilities
-
-
-
-
Deposits in Escrow
-
-
-
-
Total Liabilities
5,033
53,783
138,666
85,845
Deferred Inflows of Resources:
Advances from Other Governments
-
-
-
30,271
Unavailable Revenues
-
-
-
-
Total Deferred Inflows of Resources
-
-
-
30,271
Fund Balances:
Restricted
381,582
1,000,484
2,473,777
2,437,414
Committed
-
-
-
-
Assigned
-
-
-
-
Total Fund Balances
381,582
1,000,484
2,473,777
2,437,414
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
$ 386,615 $
1,054,267
$ 2,612,443 $
2,553,530
G-5
REVENUE FUNDS
Court
Drug
Marathon
Bay Point
Big Coppitt
Environmental
Facility
Abuse
Municipal
Wastewater
Wastewater
Restoration
Fees
Trust
Service
MSTU
MSTU
$ 360,509 $
580,480
$
43,023
$
488
$
13,113
$ 437
1,074,666
1,614, 398
114,311
1,461
39,144
1,307
4,095
290
4
99
3
'2,726
$ 1,437,901 $
2,198,973
$
157,624
$
1,953
$
52,356
$ 1,747
$ 372 $
65,201
$
7,872
$
-
$
-
$ -
3,437
3,225
2,679
-
324
-
'
44
-
-
-
-
3,853
68,426
10,551
-
324
-
-
2,130,547
147,073
1,953
-
-
1,434,048
-
-
-
52,032
1,747
1,434,048
2,130,547
147,073
1,953
52,032
1,747
$ 1,437,901 $
2,198,973
$
157,624
$
1,953
$
52,356
$ 1,747
(Continued)
G-6
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
ASSETS
Cash and Cash Equivalents .
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Total Assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances:
Restricted
Committed
Assigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
SPECIAL
Key Largo Cudjoe-
Wastewater Stock Island Sugarloaf Conch Key
MSTU Wastewater MSTU MSTU
$ 2,200 $ 149,703 $ 4,685 $ 264
6,581 448,267 14,205 787
339,426 - -
463 4 -
17 1,137 36 2
$ 8,798 $ 938,996 $ 18,930 $ 1,053
$ -
107
$ 1,763 $
363
1,758 $
-
-
87
107
2,126
1,758
87
-
338,565
-
-
-
338,565
-
-
-
8,691
598,305
-
-
17,172
-
966
8,691
598,305
17,172
966
$ 8,798 $ 938,996 $
18,930 $ 1,053
G-7
REVENUE
FUNDS
'
Long Key,
Sheriff's
Sheriff's
Sheriff's
Layton
Duck Key
Building
Teen
Federal
State
'
MSTU
MSTU
Fund
Court
Forfeiture
Forfeiture
' $
4,845
$
17,586
$
369,128
$
-
$
2,067,852
$
193,321
14,529
52,712
897,843
-
-
433,857
-
1
-
23,430
1,799
-
-
-
-
4,357
-
6
25
133
2,277
-
-
1,101
'
$
19,399
$
70,432
$
1,269,248
$
27,787
$
2,069,651
$
628,285
w
$
-
$
-
$
4,700
$
-
$
500
$
-
107
-
104,642
-
-
-
-
-
-
2,490
17,722
-
'
-
=
636
-
-
-
'
-
-
8,110
-
-
-
107
118,088
2,490
18,222
-
-
1,151,160
25,297
2,051,429
628,285
'
19,292
70,432
-
-
-
-
19,292
70,432
1,151,160
25,297
2,051,429
628,285
$
19,399
$
70,432
$
1,269,248
$
27,787
$
2,069,651
$
628,285
'
(Continued)
'
G-8
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
ASSETS
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Total Assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances:
Restricted
Committed
Assigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
SPECIAL
Sheriffs Sheriffs Sheriffs
Contract Sheriffs Interagency Trauma
Administration Commissary Communications Star
$ - $ 542,995 $ 1,065,550 $ -
3,831 46,052 - -
966,641 16,870 20,288 -
109,007 - 66,476 -
$ 1,079,479 $ 605,917 $ 1,152,314 $ -
$ - $ 14,194 $ - $ -
92,974 28,323 18,530 11,364 8,528 - -
104,338 51,045 18,530 -
- 554,872 1,133,784 -
975,141 - - -
975,141 554,872 1,133,784 -
$ 1,079,479 $ 605,917 $ 1,152,314 $ -
G-9
REVENUE FUNDS
Sheriff's
Sheriff's
Clerk's
Clerk's
Radio
Communication
Sheriff's
Grants
Shared Asset
Forfeiture
Sheriff's
E911
Records
Modernization
Court
Related
'
$ 51,371
$
$
5,287,557
$
2,495,586
$
1,721,524
$
1,086,993
'
-
79,994
-
-
-
42
-
91,227
-
36,573
-
15,706
$ 51,371
$
171,221
$
5,287,557
$
2,532,159
$
1,721,524
$
1,102,741
$ -
$
-
$
67,111
$
-
$
-
$
349,662
51,371
152,965
-
17,299
-
560,685
118,181
'
-
-
-
-
-
74,213
'
51,371
152,965
67,111
17,299
-
1,102,741
-
18,256
5,220,446
2,514,860
1,721,524
-
-
18,256
5,220,446
2,514,860
1,721,524
-
I$
51,371
$
171,221
$
5,287,557
$
2,532,159
$
1,721,524
$
1,102,741
(Continued)
G-10
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET- CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
ASSETS
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Assessments Receivable
Due from Other Funds
Due from Other Governmental Units
Mortgages/Notes Receivable
Allowance for Mortgages/Notes Receivable
Advances
Interest Receivable
Total Assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts Payable
Retainage Payable
Accrued Wages and Benefits Payable
Due to Other Funds
Due to Other Governmental Units
Unearned Revenues
Other Current Liabilities
Deposits in Escrow
Total Liabilities
Deferred Inflows of Resources:
Advances from Other Governments
Unavailable Revenues
Total Deferred Inflows of Resources
Fund Balances. -
Restricted
Committed
Assigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
SPECIAL REVENUE FUNDS
CAPITAL
Supervisor's Total Nonmajor
Clerk's Infrastructure
Voter ED & Special Rev
Revenue Revenue Bonds
Equipment Funds
Note Series 2003
$ 17,707 $ 34,829,750 $
25,446 $ 711,621
- 49,455,413
76,240 -
- 336,850
- -
- 339,426
- -
- 2,341,452
- -
- 1,268,733
- -
- 8,741,776
- -
- (8,741,776)
- -
- 125,509
193 -
$ 17,707 $ 88,697,133 $
101,879 $ 711,621
$ - $ 2,414,077 $
872,799 - 11
2,162,536 -
492,949 - -
74,213 - -
14,983 - -
12,137 - 6,043,694 - 11
- 30,271 - -
508,146 - -
538,417 - -
17,707 73,676,484 101,879 711,610
- 2,845,763 - -
- 5,592,775 - -
17,707 82,115,022 101,879 711,610
$ 17,707 $ 88,697,133 $ 101,879 $ 711,621
G-11
1
t
PROJECT FUNDS
Total
Infrastructure Duck Key
Nonmajor
Revenue Bonds Wastewater
Governmental
Series 2007 Project
Funds
$ 349,904 $
581,809
$ 36,498,530
6,081,687
1,742,195
57,355,535
-
-
336,850
-
935,490
1,274,916
-
54,527
2,395,979
-
-
1,268,733
-
-
8,741,776
-
-
(8,741,776)
-
157,497
157,497
12,300
4,419
142,421
$ 6,443,891 $
3,475,937
$ 99,430,461
$
204,284 $
2,748 $
2,621,109
334,020
334,020
1,503
215
874,528
1,861,900
54,000
4,078,436
492,949
-
-
74,213
-
-
14,983
-
-
12,137
2,401,707
56,963
8,502,375
-
-
30,271
-
923,765
1,431,911
-
923,765
1,462,182
4,042,184
2,495,209
81,027,366
-
-
2,845,763
5,592,775
4,042,184
2,495,209
89,465,904
$
6,443,891 $
3,475,937 $
99,430,461
u
G-12
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
SPECIAL
Tourist
Tourist
Affordable
Development
Development
Tourist
Housing
Road &
All Districts
Admin & Promo
Development
Programs
Bridge
Two Cent
Two Cent
District #One
Revenues:
Taxes
$ -
$ 2,024,580
$ 4,425,522
$ 9,170,553
$ 7,875,064
Licenses and Permits
-
-
-
-
-
Intergovernmental
-
3,292,092
-
-
-
Charges for Services
-
65,080
-
-
-
Fines and Forfeitures
-
-
-
-
-
Investment Income
1,039
27,312
12,361
22,965
16,203
Miscellaneous
-
52,513
-
98
-
Total Revenues
1,039
5,461,577
4,437,883
9,193,616
7,891,267
Expenditures:
Current:
General Government
-
-
-
-
-
Public Safety
-
-
-
-
-
Physical Environment
-
-
-
-
-
Transportation
-
4,077,749
-
-
-
Economic Environment
-
-
3,762,534
8,499,148
8,129,951
Human Services
-
-
-
-
-
Culture and Recreation
-
-
-
-
-
Court Related
-
-
-
-
-
Capital Projects
-
-
-
-
-
Total Expenditures
-
4,077,749
3,762,534
8,499,148
8,129,951
Excess/Deficiency of Revenues
Over/(Under) Expenditures
1,039 1,383,828
675,349
694,468
(238,684)
Other Financing Sources/(Uses):
Transfers from Other Funds
- 30,000
78,649
162,976
140,735
Transfers to Other Funds
- (1,356,869)
(65,353)
(62,133)
(108,534)
Debt Proceeds
- -
-
-
-
Total Other Financing Sources/(Uses)
- (1,326,869)
13,296
100,843
32,201
Net Change in Fund Balances 1,039 56,959 688,645 795,311 (206,483)
Fund Balances -October 1 379,745 10,074,451 3,790,318 6,887,760 5,329,121
Adj. to Increase/(Decrease)Beg Fund Bal - - - - -
Fund Balances -October 1, Restated 379,745 10,074,451 3,790,318 6,887,760 5,329,121
Fund Balances -September 30 $ 380,784 $ 10,131,410 $ 4,478,963 $ 7,683,071 $ 5,122,638
G-13
11
I
1
1
REVENUE FUNDS
Tourist
Tourist
Tourist
Tourist
Impact Fees,
Development
Development
Development
Development
Impact Fees,
Parks and
District #Two
District #Three
District #Four
District #Five
Roadways
Recreation
$ 670,103
$ 1,917,734
$ 1,528,900
$ 1,604,275
$ -
$ -
-
_
_
-
72,354
26,180
1,000
4,776
3,978
2,503
15,176
1,308
671,103
1,922,510
1,532,878
1,606,778
87,530
27,488
-
-
-
-
441,585
-
658,840
1,907,187
1,144,449
1,797,462
-
-
-
-
-
-
-
56,874
658,840
1,907,187
1,144,449
1,797,462
441,585
56,874
12,263 15,323 388,429 (190,684) (354,055) (29,386)
11,732
(27,202)
33,753
(16,146)
26,916
(14,779)
28,489
(53,384)
-
(30,000)
-
-
(15,470)
17,607
12,137
(24,895)
(30,000)
-
(3,207)
32,930
400,566
(215,579)
(384,055)
(29,386)
327,216
1,492,945
964,530
1,087,536
5,698,839
473,264
327,216
1,492,945
964,530
1,087,536
5,698,839
473,264
$
324,009 $
1,525,875 $
1,365,096 $
871,957 $
5,314,784 $
443,878
'
I(Continued)
G-14
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES -CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
SPECIAL
Impact Fees, Impact Fees, Impact Fees, Impact Fees,
Libraries Solid Waste Police Facilities Fire & EMS
Revenues:
Taxes $
- $
- $
- $
-
Licenses and Permits
67,973
5,814
12,511
8,740
Intergovernmental
-
-
-
-
Charges for Services
-
-
-
-
Fines and Forfeitures
-
-
-
-
Investment Income
2,664
150
311
65
Miscellaneous
-
-
-
-
Total Revenues
70,637
5,964
12,822
8,805
Expenditures:
Current:
General Government
-
-
-
-
Public Safety
-
-
-
-
Physical Environment
-
-
-
-
Transportation
-
-
-
-
Economic Environment
-
-
-
-
Human Services
-
-
-
-
Culture and Recreation
-
-
-
-
Court Related
-
-
-
-
Capital Projects
-
-
-
-
Total Expenditures
-
-
-
-
Excess/Deficiency of Revenues
Over/(Under) Expenditures
70,637
5,964
12,822
8,805
Other Financing Sources/(Uses):
Transfers from Other Funds
-
-
-
-
Transfers to Other Funds
-
-
-
-
Debt Proceeds
-
-
-
-
Total Other Financing Sources/(Uses)
-
-
-
-
Net Change in Fund Balances
70,637
5,964
12,822
8,805
Fund Balances -October 1
849,150
48,614
106,509
19,975
Adj. to Increase/(Decrease)Beg Fund Bal
-
-
-
-
Fund Balances -October 1, Restated
849,150
48,614
106,509
19,975
Fund Balances -September 30 $
919,787 $
54,578 $
119,331 $
28,780
G-15
REVENUE FUNDS
Fire & Amb
Upper Keys
Unincorp.
Unincorp.
Impact Fees,
District #1,
Health Care
Area Service
Area Service
Fair Share
Housing
Lower and
Middle Keys
Special
Taxing District
District,
Parks & Rec.
Dist., Planning
Bldg. & Zoning
Municipal
Policing
$ - $
10,546,893
$ -
$ 1,406,650
$ 1,188,205
$ 3,919,735
6,098
-
-
-
-
124,391
=
6,984
5,143,640
-
554,200
-
33,896
659,752
3,185,397
-
-
-
-
429,645
-
1,145
28,033
3,292
4,105
22,500
7,442
-
1,067
-
114,754
961
-
7,243
11,254,584
3,292
1,566,389
7,444,703
7,112,574
-
-
-
-
2,549,148
-
8,844,055
2,294,326
794,848
-
-
-
-
441,136
-
-
-
74,153
-
-
-
=
=
-
1,493,489
-
=
-
8,844,055
74,153
1,493,489
5,284,610
794,848
7,243
2,410,529
(70,861)
72,900
2,160,093
6,317,726
-
324,777
-
-
31,489
116,737
-
(1,573,392)
(19,137)
(280,733)
(1,381,188)
(6,230,039)
'
-
(1,248,615)
(19,137)
(280,733)
(1,349,699)
(6,113,302)
'
7,243
1,161,914
(89,998)
(207,833)
810,394
204,424
414,436
4,430,861
1,264,117
1,122,235
5,789,589
1,654,423
t414,436
4,430,861
1,264,117
1,122,235
5,789,589
1,654,423
$ 421,679 $
5,592,775
$ 1,174,119
$ 914,402
$ 6,599,983
$ 1,858,847
I(Continued)
I G-16
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES -CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government
Public Safety
Physical Environment
Transportation
Economic Environment
Human Services
Culture and Recreation
Court Related
Capital Projects
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Debt Proceeds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances -October 1
Adj. to Increase/(Decrease)Beg Fund Bal
Fund Balances -October 1, Restated
Fund Balances -September 30
SPECIAL
Duck Key
Local
Miscellaneous
Security
Housing
Boating
Special
District
Assistance
Improvement
Revenue
75,726
-
-
61,299
-
379,843
-
-
-
-
682,219
367,651
-
-
-
242,919
1,145
2,556
6,745
6,653
-
140,083
1,301
10,000
76,871
522,482
690,265
688,522
95,994 - - 20,113
- - 579,320 -
85,768 - 4,373
- - 108,031
- 16,755
- 156,885
95,994 85,768 579,320 306,157
(19,123) 436,714 110,945 382,365
463 - - -
(2) - - (185,835)
461 - - (185,835)
(18,662)
436,714
110,945
196,530
400,244
563,770
2,362,832
2,240,884
400,244
563,770
2,362,832
2,240,884
$ 381,582 $
1,000,484 $
2,473,777 $
2,437,414
G-17
REVENUE FUNDS
Court
'
Environmental
Restoration
Facility
Fees
—
-
525,292
'
128,478
-
3,861
5,979
132,339
531,271
142,481
-
'
-
710,406
142,481
711,406
_
(10,142)
(179,135) _
-
(21,132)
'
-
(21,132)
(10,142)
(200,267)
1,444,190
2,330,814
'
1,444,190
2,330,814
_
'
$ 1,434,048 $
2,130,547 $
Drug
Marathon
Bay Point
Big Coppitt
Abuse
Municipal
Wastewater
Wastewater
Trust
Service
MSTU
MSTU
$ 3 $ - $
31,353 - - -
431 4 142 5
31,784 7 142 5
809 2,901
24,751 - - -
24,751 - 809 2,901
7,033 7 (667) (2,896)
7,033
7
(667)
(2,896)
140,040
1,946
52,699
4,643
140,040
1,946
52,699
4,643
147,073 $
1,953 $
52,032 $
1,747
G-18
(Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES -CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government
Public Safety
Physical Environment
Transportation
Economic Environment
Human Services
Culture and Recreation
Court Related
Capital Projects
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Debt Proceeds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances -October 1
Adj. to Increase/(Decrease)Beg Fund Bal
Fund Balances -October 1, Restated
Fund Balances -September 30
SPECIAL
Key Largo Cudjoe-
Wastewater Stock Island Sugarloaf Conch Key
MSTU Wastewater MSTU MSTU
$ 505 $ 91 $ 298 $ -
- 30,360 - -
19 15,839 91 3
- 4,011 - -
524 50,301 389 3
499
4,058
60,682
218
499
4,058
60,682
218
25 46,243 (60,293) (215)
-
463
(9)
-
-
(1,001)
-
-
-
(538)
(9)
-
25
45,705
(60,302)
(215)
8,666
552,600
77,474
1,181
8,666
552,600
77,474
1,181
$ 8,691
$ 598,305 $
17,172 $
966
G-19
1
1
REVENUE FUNDS
Long Key,
Sheriff's
Sheriff's
Sheriff's
Layton
Duck Key
Building
Teen
Federal
State
'
MSTU
MSTU
Fund
Court
Forfeiture
Forfeiture
$ -
$ 71 $
- $
-
$ -
$ -
'
-
-
2,319,409
-
-
265,190
-
-
62,111
56,399
-
-
-
-
-
-
109,509
'
50
198
2,929
13,702
1,802
-
-
14,624
-
-
-
50
269
2,399,073
56,399
278,892
111,311
'
'
-
-
2,141,202
54,531
681,207
96,148
1,708
16,348
-
-
-
-
1,708
16,348
2,141,202
54,531
681,207
96,148
1
(1,658)
(16,079)
257,871
-
1
-
1
1
-
-
'
(1,658)
(16,078)
257,871
20,950
86,510
893,289
'
20,950
86,510
893,289
$
19,292 $
70,432 $
1,151,160 $
1
1
1
'
G-20
1,868 (402,315) 15,163
(3,494)
-
-
(3,494)
1,868
(402,315)
11,669
23,429
2,453,744
616,616
23,429
2,453,744
616,616
25,297 $
2,051,429 $
628,285
(Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES -CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
SPECIAL
Revenues:
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government
Public Safety
Physical Environment
Transportation
Economic Environment
Human Services
Culture and Recreation
Court Related
Capital Projects
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Debt Proceeds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances -October 1
Adj. to Increase/(Decrease)Beg Fund Bal
Fund Balances -October 1, Restated
Fund Balances -September 30
Sheriffs
Sheriffs
Sheriffs
Contract
Sheriffs
Interagency
Trauma
Administration
Commissary
Communications
Star
383,725
-
-
-
3,178, 591
389,744
66,376
-
1,361
3,211
7,038
-
-
17,204
-
69,093
3,563,677
410,159
73,414
69,093
x
3,376,761
382,667
247,613
1,607,297
3,376,761
382,667
247,613
1,607,297
186,916
27,492
(174,199)
(1,538,204)
2,908
3,494
133,600
1,629,578
-
-
-
(91,374)
2,908
3,494
133,600
1,538,204
189,824
30,986
(40,599)
-
785,317
523,886
1,174,383
-
785,317
523,886
1,174,383
-
975,141
$ 554,872
$ 1,133,784 $
-
G-21
1
REVENUE FUNDS
Sheriffs
'
Radio
Communication
Sheriffs
Grants
-
'
-
381,935
'
-
381,935
_
t296,859
1,020,061
'
296,851
1,020,061
(296,859)
(638,126)
Sheriffs Clerk's Clerk's
Shared Asset Sheriffs Records Court
Forfeiture E911 Modernization Related
- 492,390 -
2,557,034
- - 283,598
314,960
- - 171,919
453,457
239,755 14,651 11,290
350
239,755 507,041 466,807
3,325,801
193,042 227,531 - -
- 3,433,140
193,042 227,531 - 3,433,140
46,713 279,510 466,807 (107,339)
348,230 651,286
-
-
-
(51,371) -
-
-
-
'
296,859 651,286
-
-
-
t-
13,160
46,713
279,510
466,807
_
- 5,096
5,173,733
2,235,350
1,254,717
'
- 5,096
5,173,733
2,235,350
1,254,717
$
- $ 18,256 $
5,220,446 $
2,514,860 $
1,721,524 $
578,563
(471,224)
107, 339
(Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES -CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government
Public Safety
Physical Environment
Transportation
Economic Environment
Human Services
Culture and Recreation
Court Related
Capital Projects
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Debt Proceeds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances -October 1
Adj. to Increase/(Decrease)Beg Fund Bal
Fund Balances -October 1, Restated
Fund Balances -September 30
SPECIAL REVENUE FUNDS
Supervisor's Total Nonmajor
Voter ED & Special Rev
Equipment Funds
$ - $ 46,279,182
- 2,686,464
- 13,027,224
- 10,456,619
- 1,535,927
2 518,140
- 425,709
2 74,929,265
CAPITAL
Clerk's Infrastructure
Revenue Revenue Bonds
Note Series 2003
275 (22,968)
275 (22,968)
- 2,549,148 - -
- 22,374,255 - -
- 1,250,160 - -
- 4,519,334 - -
- 25,989,712 - -
- 206,935 - -
- 1,567,118 - -
- 4,300,431 - -
- - - 8,610
62,757,093 - 8,610
2 12,172,172 275 (31,578)
-
4,334,829
-
-
-
(12,044,321)
-
-
-
(7,709,492)
-
-
2
4,462,680
275
(31,578)
17,705
77,652,342
101,604
743,188
17,705
77,652,342
101,604
743,188
$ 17,707
$ 82,115,022 $
101,879 $
711,610
G-23
1
IPROJECT FUNDS Total
Infrastructure
Duck Key
Nonmajor
Revenue Bonds
Wastewater
Governmental
'
Series 2007
Project
Funds
$ =
$ -
920,560
$ 46,279,182
3,607,024
-
-
13,027,224
-
-
10,456,619
-
-
1,535,927
14,695
301,065
811,207
-
110,638
536,347
'
14,695
1,332,263
76,253,530
- - 2,549,148
- - 22,374,255
- - 1,250,160
'
- - 4,519,334
25, 989,712
- - 206,935
'
- - 1,567,118
4,300,431
3,597,486 4,171,388 7,777,484
3,597,486 4,171,388 70,534,577
(3,582,791)
(2,839,125)
5,718,953
-
3,900,463
8,235,292
_
(1,000)
(12,045,321)
-
3,899,463
(3,810,029)
' (3,582,791)
1,060,338
1,908,924
7,624,975
1,796,191
87,918,300
-
(361,320)
(361,320)
'
7,624,975
1,434,871
87,556,980
' $ 4,042,184 $ 2,495,209 $ 89,465,904
I
G-24
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
AFFORDABLE HOUSING PROGRAMS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Affordable Housing Initiatives
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 1,450 $ 1,450 $ 1,039 $ (411)
1,450 1,450 1,039 (411)
290,000 290,000 - 290,000
(288,550) (288,550) 1,039 289,589
Reserve for Contingencies (5,000) (5,000)
Reserve for Cash Balance (10,223) (10,223)
Total Other Financing Sources/(Uses) (15,223) (15,223)
Net Change in Fund Balances (303,773) (303,773)
5,000
10,223
- 15,223
1,039 304,812
Fund Balances, October 1 303,773 303,773 379,745 75,972
Fund Balances, September 30 $ - $ - $ 380,784 $ 380,784
G-25
U
J
MONROE COUNTY, FLORIDA
ROAD AND BRIDGE SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Revenues:
Taxes
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
Transportation:
Road Department
County Engineer Road and Bridge
Paving Evaluation and Management
Street Lighting
Local Option Gas Tax Projects
80% Gas Tax
20% Gas Tax In -House Projects
No Name Key Bridge Emerg Repair
Total Transportation
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
$ 2,250,000 $ 2,250,000 $ 2,024,580 $ (225,420)
3,256,000
3,256,000
3,292,092
36,092
42,000
42,000
65,080
23,080
37,000
37,000
27,312
(9,688)
33,000
33,000
52,513
19,513
5,618,000
5,618,000
5,461,577
(156,423)
3,176,570
3,176,570
3,044,215
132,355
502,057
302,057
261,398
40,659
-
200,000
6,364
193,636
223,606
223,606
212,050
11,556
417,583
417,583
336,683
80,900
1,000,000
1,000,000
216,683
783,317
600,000
600,000
-
600,000
-
40,000
356
39,644
5,919,816
5,959,816
4,077,749
1,882,067
5,919,816 5,959,816 4,077,749 1,882,067
(301,816) (341,816) 1,383,828 1,725,644
Reserve for Contingencies (855,479) (93,259) - 93,259
Reserve for Cash Balance (1,828,174) (1,828,174) - 1,828,174
Transfers from Other Funds 48,374 48,374 30,000 (18,374)
Transfers to Other Funds (537,399) (1,259,619) (1,356,869) (97,250)
Total Other Financing Sources/(Uses) 3,172,678 (3,132,678) (1,326,869) 1,805,809
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(3,474,494)
3,474,494
(3,474,494)
3,474,494
56,959
10,074,451
3,531,453
6,599,957
$10,131,410 $10,131,410
I G-26
MONROE COUNTY, FLORIDA
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, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Cultural Umbrella
Fishing Umbrella
Dive Umbrella
Operations - Events
Catastrophic Emergency
Special Projects
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Original Final
Budget Budget
Variance with
Final Budget
Positive
Actual (Negative)
$ 3,647,152 $ 3,647,152 $ 4,425,522 $ 778,370
- - 12,361 12,361
3,647,152 3,647,152 4,437,883 790,731
842,300
842,300
731,125
111,175
768,800
768,800
718,398
50,402
525,000
525,000
508,928
16,072
2,491,288
2,473,580
1,585,880
887,700
1,127,833
1,127,833
-
1,127,833
614,168
614,168
218,203
395,965
6,369,389
6,351,681
3,762,534
2,589,147
(2,722,237) (2,704,529) 675,349 3,379,878
Other Financing Sources/(Uses):
Transfers to Other Funds (47,645) (65,353) (65,353) -
Transfers from Other Funds - - 78,649 78,649
Total Other Financing Sources/(Uses) (47,645) (65,353) 13,296 78,649
Net Change in Fund Balances (2,769,882) (2,769,882) 688,645 3,458,527
Fund Balances, October 1 2,769,882 2,769,882 3,790,318 1,020,436
Fund Balances, September 30 $ - $ - $ 4,478,963 $ 4,478,963
G-27
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
1
TOURIST DEVELOPMENT, ADMINISTRATION AND PROMOTIONAL,
TWO CENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final
Positive
Budget Budget Actual
(Negative)
REVENUES:
Taxes $ 7,557,617 $ 7,557,617 $ 9,170,553
$ 1,612,936
Investment Income - - 22,965
22,965
'
Miscellaneous - - 98
98
Total Revenues 7,557,617 7,557,617 9,193,616
1,635,999
'
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
8,122,080
8,122,773
7,168,682
954,091
Administrative Services
1,026,558
1,087,998
661,764
426,234
Catastrophic Emergency
Special Projects
2,072,167
829,397
2,072,167
829,397
-
668,702
2,072,167
160,695
Total Expenditures
12,050,202
12,112,335
8,499,148
3,613,187
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(4,492,585)
(4,554,718)
694,468
5,249,186
Other Financing Sources/(Uses):
Transfers to Other Funds
(131,300)
(69,167)
(62,133)
7,034
Transfers from Other Funds
-
-
162,976
162,976
Total Other Financing Sources/(Uses)
(131,300)
(69,167)
100,843
170,010
Net Change in Fund Balances
(4,623,885)
(4,623,885)
795,311
5,419,196
Fund Balances, October 1
4,623,885
4,623,885
6,887,760
2,263,875
Fund Balances, September 30
$ -
$ -
$ 7,683,071
$ 7,683,071
I G-28
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #ONE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
Administrative Services
Special Events
Bricks and Mortar
Information Services
Beaches
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 6,827,637
$ 6,827,637
$ 7,875,064
$ 1,047,427
-
-
16,203
16,203
6,827,637
6,827,637
7,891,267
1,063,630
5,263,860
5,432,672
5,195,289
237,383
163,435
163,435
148,339
15,096
1,132,445
963,633
709,286
254,347
3,512,996
3,453,563
1,708,420
1,745,143
363,117
363,117
363,117
-
431,708
431,708
5,500
426,208
10,867,561
10,808,128
8,129,951
2,678,177
(4,039,924) (3,980,491) (238, 684) 3,741,807
Other Financing Sources/(Uses):
Transfers to Other Funds (49,101) (108,534) (108,534) -
Transfers from Other Funds - - 140,735 140,735
Total Other Financing Sources/(Uses) (49,101) (108,534) 32,201 140,735
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(4,089,025)
4,089,025
(4,089,025)
4,089,025
(206,483)
5,329,121
3,882,542
1,240,096
- $ 5,122,638 $ 5,122,638
k
G-29
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
'
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #TWO SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final
Positive
Budget Budget Actual
(Negative)
REVENUES:
Taxes $ 584,491 $ 584,491 $ 670,103
$ 85,612
Investment Income - - 1,000
1,000
'
Total Revenues 584,491 584,491 671,103
86,612
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
Administrative Services
443,067
21,038
443,067
21,038
439,467
16,163
3,600
4,875
Special Events
61,923
61,923
30,777
31,146
Bricks and Mortar
Information Services
200,917
91,200
194,992
91,200
81,233
91,200
113,759
Total Expenditures
818,145
812,220
658,840
153,380
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(233,654)
(227,729)
12,263
239,992
Other Financing Sources/(Uses):
Transfers to Other Funds
(21,277)
(27,202)
(27,202)
-
Transfers from Other Funds
-
-
11,732
11,732
Total Other Financing Sources/(Uses) (21,277)
(27,202)
(15,470)
11,732
' Net Change in Fund Balances (254,931) (254,931) (3,207) 251,724
Fund Balances, October 1 254,931 254,931 327,216 72,285
Fund Balances, September 30 $ - $ - $ 324,009 $ 324,009
�r i
I G-30
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #THREE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
Administrative Services
Special Events
Bricks and Mortar
Information Services
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 1,685,225
$ 1,685,225
$ 1,917,734
$ 232,509
-
-
4,776
4,776
1,685,225
1,685,225
1,922,510
237,285
1,677,376
1,717,376
1,361,424
355,952
71,472
71,472
39,536
31,936
194,992
154,992
116,344
38,648
816,388
811,673
229,883
581,790
160,000
160,000
160,000
-
2,920,228
2,915,513
1,907,187
1,008,326
(1,235,003) (1,230,288) 15,323 1,245,611
Other Financing Sources/(Uses):
Transfers to Other Funds (11,431) (16,146) (16,146) -
Transfers from Other Funds - - 33,753 33,753
Total Other Financing Sources/(Uses) (11,431) (16,146) 17,607 33,753
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(1,246,434) (1,246,434) 32,930 1,279,364
1,246,434
1,246,434 1,492,945 246,511
- $ 1,525,875 $ 1,525,875
q
G-31
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #FOUR SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
Administrative Services
Special Events
Bricks and Mortar
Information Services
Total Expenditures
tExcess/Deficiency of Revenues
Over/(Under) Expenditures
I
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 1,247,738
$ 1,247,738
$ 1,528,900
$ 281,162
-
-
3,978
3,978
1,247,738
1,247,738
1,532,878
285,140
787,869
842,869
788,746
54,123
33,508
33,508
30,632
2,876
111,013
56,013
33,848
22,165
906,053
904,482
141,223
763,259
150,000
150,000
150,000
-
1,988,443
1,986,872
1,144,449
842,423
(740,705) (739,134) 388,429 1,127,563
Transfers to Other Funds (13,208) (14,779) (14,779) -
Transfers from Other Funds - - 26,916 26,916
Total Other Financing Sources/(Uses) (13,208) (14,779) 12,137 26,916
Net Change in Fund Balances (753,913) (753,913) 400,566 1,154,479
Fund Balances, October 1
Fund Balances, September 30 $
753,913
753,913 964,530 210,617
- $ 1,365,096 $ 1,365,096
I G-32
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT #FIVE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013 _
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Economic Environment:
Advertising and Promotion
Administrative Services
Information Services
Special Events
Bricks and Mortar
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 1,419,917
$ 1,419,917
$ 1,604,275
$ 184,358
-
-
2,503
2,503
1,419,917
1,419,917
1,606,778
186,861
1,327,804
1,327,804
1,198,860
128,944
37,600
37,600
36,864
736
142,000
142,000
142,000
-
279,499
279,499
152,459
127,040
673,097
650,801
267,279
383,522
2,460,000
2,437,704
1,797,462
640,242
(1,040,083) (1,017,787) (190,684) 827,103
Other Financing Sources/(Uses):
Transfers to Other Funds (31,088) (53,384) (53,384) -
Transfers from Other Funds - - 28,489 28,489
Total Other Financing Sources/(Uses) (31,088) (53,384) (24,895) 28,489
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(1,071,171) (1,071,171) (215,579) 855,592
1,071,171 1,071,171 1,087,536 16,365
$ - $ - $ 871,957 $ 871,957
YI
G-33
I
I
fl
F�
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - ROADWAYS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Transportation:
Fair Share Improvement County Wide
Fair Share Improvement Dist 2
Fair Share Improvement Dist 3
Fair Share Improve Key Colony Beach
Truman Bridge Ped Bridge
Bike/Shared Use Path
Bike Lanes
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers to Other Funds
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 61,915
$ 61,915
$ 72,354
$ 10,439
16,699
16,699
15,176
(1,523)
78,614
78,614
87,530
8,916
422,983
422,983
- 422,983
26,372
26,372
- 26,372
911,327
911,327
- 911,327
32,588
32,588
- 32,588
929,520
929,520
- 929,520
1,500,991
1,500,991
316,730 1,184,261
598,943
598,943
124,855 474,088
4,422,724
4,422,724
441,585 3,981,139
(4,344,110) (4,344,110) (354,055) 3,990,055
(48,374) (48,374) (30,000) 18,374
(4,392,484) (4,392,484) (384,055) 4,008,429
4,392,484 4,392,484 5,698,839 1,306,355
$ 5,314,784 $ 5,314,784
I G-34
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Licenses and Permits
$ 26,520
$ 26,520
$ 26,180
$ (340)
Investment Income
1,785
1,785
1,308
(477)
Total Revenues
28,305
28,305
27,488
(817)
EXPENDITURES:
Current:
Culture and Recreation:
District 1 Projects
16,341
16,341
-
16,341
District 2 Projects
221,032
221,032
-
221,032
District 3 Projects
48,679
48,679
-
48,679
Bay Point Park
50,000
50,000
33,144
16,856
Big Coppitt Park
20,000
20,000
-
20,000
Palm Villa Park
25,000
25,000
-
25,000
Bernstein Park
25,401
25,401
-
25,401
Bay Point Park Tennis Courts
12,150
12,150
10,350
1,800
Key Largo Park Lighting
19,430
19,430
13,380
6,050
Total Expenditures
438,033
438,033
56,874
381,159
Net Change in Fund Balances (409,728) (409,728) (29,386) 380,342
Fund Balances, October 1 409,728 409,728 473,264 63,536
Fund Balances, September 30 $ - $ - $ 443,878 $ 443,878
J
G-35
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - LIBRARIES SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Culture and Recreation:
County Wide Library Projects
Library Automation
Total Expenditures
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 20,981
$ 20,981
$ 67,973
$ 46,992
3,300
3,300
2,664
(636)
24,281
24,281
70,637
46,356
654,900
654,900
- 654,900
46,297
46,297
- 46,297
701,197
701,197
- 701,197
(676,916)
(676,916)
70,637 747,553
676,916 676,916 849,150 172,234
$ - $ - $ 919,787 $ 919,787
G-36
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - SOLID WASTE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
County Wide Solid Waste Projects
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 6,144
$ 6,144
$ 5,814
$ (330)
300
300
150
(150)
6,444
6,444
5,964
(480)
49,843 49,843
(43,399) (43,399)
- 49,843
5,964 49,363
43,399 43,399 48,614 5,215
$ - $ - $ 54,578 $ 54,578
G-37
MONROE COUNTY, FLORIDA
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, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Public Safety:
County Wide Police Facility
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 10,801
$ 10,801
$ 12,511
$ 1,710
300
300
311
11
11,101
11,101
12,822
1,721
104,598 104,598
(93,497) (93,497)
104,598
12,822 106,319
93,497 93,497 106,509 13,012
$ - $ - $ 119,331 $ 119,331
G-38
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - FIRE AND EMS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Public Safety:
District 2 Fire & EMS Project
District 3 Fire & EMS Project
Key Colony Beach Fire & EMS
Fire Hydrants District 1
Fire Hydrants District 2
Fire Hydrants District 3
Fire Hydrants Key Colony Beach
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Reserve for Contingencies
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 8,137 $ 8,137 $ 8,740 $ 603
- 65 65
8,137 8,137 8,805 668
-
300
- 300
-
7,500
- 7,500
-
950
- 950
20,060
9,975
- 9,975
8,085
-
- -
35,550
-
- -
8,085
-
- -
71,780
18,725
- 18,725
(63,643) (10,588) 8,805 19,393
(53,055) - 53,055
(63,643) (63,643) 8,805 72,448
63,643 63,643 19,975 (43,668)
$ - $ - $ 28,780 $ 28,780
G-39
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
IMPACT FEES - FAIR SHARE HOUSING SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Licenses and Permits $ 6,000
$ 6,000
$ 6,098
$ 98
Investment Income 1,400
1,400
1,145
(255)
Total Revenues 7,400
7,400
7,243
(157)
EXPENDITURES:
Current:
Economic Environment:
District 1 Employee Fair Share Hsg
102,900
102,900
- 102,900
District 3 Employee Fair Share Hsg
131,750
131,750
- 131,750
Total Expenditures
234,650
234,650
- 234,650
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(227,250)
(227,250)
7,243 234,493
Other Financing Sources/(Uses):
Reserve for Contingencies
(33,521)
(33,521)
- 33,521
Reserve for Cash Balance
(67,042)
(67,042)
- 67,042
Total Other Financing Sources/(Uses) (100,563)
(100,563)
- 100,563
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(327,813) (327,813) 7,243 335,056
327,813 327,813 414,436 86,623
$ - $ - $ 421,679 $ 421,679
G-40
MONROE COUNTY, FLORIDA
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, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Taxes
$10,952,418
$10,952,418
$10,546,893
$ (405,525)
Intergovernmental
39,250
39,250
124,391
85,141
Charges for Services
385,000
385,000
554,200
169,200
Investment Income
32,500
32,500
28,033
(4,467)
Miscellaneous
-
-
1,067
1,067
Total Revenues
11,409,168
11,409,168
11,254,584
(154,584)
EXPENDITURES:
Current:
Public Safety:
Fire Rescue - Central
2,589,672
2,589,672
2,207,300
382,372
SAFER Program
1,234,753
1,248,265
1,241,519
6,746
Lower & Middle Keys Ambulance Dist
5,779,323
5,779,323
5,395,236
384,087
Total Public Safety
9,603,748
9,617,260
8,844,055
773,205
Physical Environment:
Wastewater Upgrade
12,400
12,400
-
12,400
Total Expenditures 9,616,148 9,629,660 8,844,055 785,605
Excess/Deficiency of Revenues
Over/(Under) Expenditures 1,793,020 1,779,508 2,410,529 631,021
Other Financing Sources/(Uses):
Reserve for Contingencies (750,000) (589,942) - 589,942
Reserve for Cash Balance (2,617,627) (2,617,627) - 2,617,627
Transfers from Other Funds 100,000 100,000 324,777 224,777
Transfers to Other Funds (1,486,438) (1,632,984) (1,573,392) 59,592
Total Other Financing Sources/(Uses) (4,754,065) (4,740,553) (1,248,615) 3,491,938
Net Change in Fund Balances (2,961,045) (2,961,045) 1,161,914 4,122,959
Fund Balances, October 1 2,961,045 2,961,045 4,430,861 1,469,816
Fund Balances, September 30 $ - $ - $ 5,592,775 $ 5,592,775
G-41
t;
MONROE COUNTY, FLORIDA
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 SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final
Positive
Budget Budget
Actual
(Negative)
REVENUES:
Investment Income $ 5,000 $ 5,000 $
3,292
$ (1,708)
Total Revenues 5,000 5,000
3,292
(1,708)
EXPENDITURES:
Current:
Human Services:
Trauma District Administration 87,652 87,652
27,571
60,081
Trauma Transportation and Treatment 200,000 200,000
Trauma Pretransportation 2,000 2,000
45,822
760
154,178
1,240
Trauma Facility Upgrade 100 100
-
100
Total Expenditures 289,752 289,752
74,153
215,599
Excess/Deficiency of Revenues
Over/(Under) Expenditures (284,752) (284,752) (70,861)
213,891
I
[1
I�
L
L�
Other Financing Sources/(Uses):
Reserve for Contingencies (43,129) (38,771) - 38,771
Reserve for Cash Balance (86,915) (86,915) - 86,915
Transfers to Other Funds (14,779) (19,137) (19,137) -
Total Other Financing Sources/(Uses) (144,823) (144,823) (19,137) 125,686
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(429,575) (429,575) (89,998) 339,577
429,575 429,575 1,264,117 834,542
$ 1,174,119 $ 1,174,119
I G-42
MONROE COUNTY, FLORIDA
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 SEPTEMBER 30, 2013
REVENUES:
Taxes
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Wastewater Upgrade
Culture and Recreation:
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
$ 1,462,725 $ 1,462,725 $ 1,406,650 $ (56,075)
-
-
6,984
6,984
30,000
30,000
33,896
3,896
7,750
7,750
4,105
(3,645)
41,112
41,112
114,754
73,642
1,541,587
1,541,587
1,566,389
24,802
31,900 31,900 - 31,900
Parks & Beaches Unincorporated
1,395,797
1,365,017
1,291,819 73,198
Jacob's Aquatic Center
180,000
180,000
180,000 -
School Board Interlocal
32,000
32,000
21,670 10,330
Total Culture and Recreation
1,607,797
1,577,017
1,493,489 83,528
Total Expenditures 1,639,697 1,608,917 1,493,489 115,428
Excess/Deficiency of Revenues
Over/(Under) Expenditures (98,110) (67,330) 72,900 140,230
Other Financing Sources/(Uses):
Reserve for Contingencies (66,000) - -
Reserve for Cash Balance (342,382) (342,382) - 342,382
Transfers to Other Funds (183,953) (280,733) (280,733) -
Total Other Financing Sources/(Uses) (592,335) (623,1l (280,733) 342,382
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(690,445) (690,445)
690,445 690,445
(207,833) 482,612
1,122,235 431,790
$ 914,402 $ 914,402
fi
G-43
C
1
i]
d
I
I
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
UNINCORPORATED AREA SERVICE DISTRICT - PLANNING,
BUILDING AND ZONING SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
Expenditures:
Current:
General Government:
Growth Mgmt County Attorney
Planning Department
2010 Comprehensive Plan
GIS
Planning Commission
Growth Mgmt Administration
Planning and Building Refunds
Total General Government
Public Safety:
Code Enforcement
Fire & Rescue Coordinator
Fire Marshall
Total Public Safety
Physical Environment:
Environmental Resources
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 1,220,763 $ 1,220,763 $ 1,188,205 $ (32,558)
4,863,101
4,863,101
5,143,640
280,539
584,918
584,918
659,752
74,834
400,000
400,000
429,645
29,645
24,200
24,200
22,500
(1,700)
2,300
2,300
961
(1,339)
7,095,282
7,095,282
7,444,703
349,421
550,707
550,707
509,607
41,100
1,240,239
1,264,984
1,254,965
10,019
270,000
270,000
127,921
142,079
173,801
177,344
170,288
7,056
82,002
82,002
73,875
8,127
754,277
754,277
412,492
341,785
3,000
21,000
-
21,000
3,074,026
3,120,314
2,549,148
571,166
1,329,423
1,329,423
1,238,911
90,512
802,993
802,993
748,761
54,232
322,452
322,452
306,654
15,798
2,454,868
2,454,868
2,294,326
160,542
592,251 592,251 441,136 151,115
6,121,145 6,167,433 5,284,610 882,823
974,137 927,849
2,160,093 1,232,244
(Continued)
G-44
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL -CONTINUED
UNINCORPORATED AREA SERVICE DISTRICT - PLANNING,
BUILDING AND ZONING SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Other Financing Sources/(Uses):
Reserve for Contingencies
(625,000)
(548,712)
-
548,712
Reserve for Cash Balance
(2,057,692)
(2,057,692)
-
2,057,692
Transfers to Other Funds
(1,484,621)
(1,514,621)
(1,381,188)
133,433
Transfers from Other Funds
31,250
31,250
31,489
239
Total Other Financing Sources/(Uses) (4,136,063)
(4,089,775)
(1,349,699)
2,740,076
Net Change in Fund Balances
(3,161,926)
(3,161,926)
810,394
3,972,320
Fund Balances, October 1
Fund Balances, September 30
3,161, 926 3,161, 926 5,789,589 2,627,663
$ 6,599,983 $ 6,599,983
kv
G-45
' MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
MUNICIPAL POLICING SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Taxes
$ 4,070,573
$ 4,070,573
$ 3,919,735
$ (150,838)
Charges for Services
3,190,463
3,190,463
3,185,397
(5,066)
Investment Income
10,900
10,900
7,442
(3,458)
'
Total Revenues
7,271,936
7,271,936
7,112,574
(159,362)
EXPENDITURES:
Current:
Public Safety:
Insurance Unincorporated & Layton
Insurance Islamorada
443,692
209,835
431,092
209,835
404,605
200,332
26,487
9,503
Insurance Marathon
178,114
190,714
189,911
803
Total Public Safety
831,641
831,641
794,848
36,793
Total Expenditures
831,641
831,641
794,848
36,793
Excess/Deficiency of Revenues
Over/(Under) Expenditures
6,440,295
6,440,295
6,317,726
(122,569)
Other Financing Sources/(Uses):
Reserve for Contingencies
(82,913)
(73,718)
-
73,718
Reserve for Cash Balance
Transfers to Other Funds
(1,211,494)
(6,417,785)
(1,211,494)
(6,426,980)
-
(6,230,039)
1,211,494
196,941
Transfers from Other Funds
100,000
100,000
116,737
16,737
Total Other Financing Sources/(Uses)
(7,612,192)
(7,612,192)
(6,113,302)
1,498,890
Net Change in Fund Balances
(1,171,897)
(1,171,897)
204,424
1,376,321
Fund Balances, October 1 1,171,897 1,171,897 1,654,423 482,526
Fund Balances, September 30 $ - $ - $ 1,858,847 $ 1,858,847
I G-46
MONROE COUNTY, FLORIDA
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, 2013
REVENUES:
Licenses and Permits
Investment Income
Total Revenues
EXPENDITURES:
Current:
Public Safety:
Island Security
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 75,000
$ 75,000
$ 75,726
$ 726
1,700
1,700
1,145
(555)
76,700
76,700
76,871
171
224,958
224,958
95,994
128,964
224,958
224,958
95,994
128,964
(148,258) (148,258) (19,123) 129,135
Reserve for Contingencies
(32,457)
(32,457)
Reserve for Cash Balance
(64,914)
(64,914)
Transfers to Other Funds
(2,250)
(2,250)
Transfers from Other Funds
-
-
Total Other Financing Sources/(Uses)
(99,621)
(99,621)
Net Change in Fund Balances
(247,879)
(247,879)
Fund Balances, October 1
Fund Balances, September 30
247,879 247,879
32,457
- 64,914
(2) 2,248
463 463
461 100,082
(18,662) 229,217
400,244 152,365
$ 381,582 $ 381,582
11
J
E�
G-47
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
LOCAL HOUSING ASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final
Positive
Budget Budget
Actual
(Negative)
'
REVENUES:
Intergovernmental
$ - $ - $
379,843
$ 379,843
Investment Income
Miscellaneous
- -
2,556
140,083
2,556
140,083
Total Revenues
- -
522,482
522,482
EXPENDITURES:
Current:
Economic Environment:
1
Homeowner Assistance 11
84,041
84,041
84,041
Homeowner Assistance 12
295,313
295,313
61,144
234,169
Homeowner Assistance 13
32,152
32,152
-
32,152
Fair Housing 11
5,000
5,000
5,000
Fair Housing 12
5,000
5,000
-
5,000
Fair Housing 13
5,000
5,000
-
5,000
Administration 11
9,893
9,893
9,893
Administration 12
38,203
38,203
14,731
23,472
Administration 13
3,573
3,573
-
3,573
Total Expenditures
478,175
478,175
85,768
392,407
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(478,175)
(478,175)
436,714
914,889
Other Financing Sources/(Uses):
Reserve for Contingencies
(15,000)
(15,000)
-
15,000
Reserve for Cash Balance
(15,000)
(15,000)
-
15,000
Total Other Financing Sources/(Uses) (30,000)
(30,000)
-
30,000
Net Change in Fund Balances
(508,175)
(508,175)
436,714
944,889
Fund Balances, October 1
508,175
508,175
563,770
55,595
Fund Balances, September 30
$ -
$ - $
1,000,484
$ 1,000,484
I G-48
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
BOATING IMPROVEMENT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Boating Improvement
Boating Imp Fees/Retained Vessel
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 693,000
$ 693,000
$ 682,219
$ (10,781)
10,000
10,000
6,745
(3,255)
-
-
1,301
1,301
703,000
703,000
690,265
(12,735)
1,750,000
1,750,000
245,440
1,504,560
401,394
401,394
333,880
67,514
2,151,394
2,151,394
579,320
1,572,074
(1,448,394) (1,448,394) 110,945 1,559,339
Reserve for Contingencies (150,000) (150,000)
Reserve for Cash Balance (400,000) (400,000)
Total Other Financing Sources/(Uses) (550,000) (550,000)
Net Change in Fund Balances (1,998,394) (1,998,394)
- 150,000
400,000
- 550,000
110,945 2,109,339
Fund Balances, October 1 1,998,394 1,998,394 2,362,832 364,438
Fund Balances, September 30 $ - $ - $ 2,473,777 $ 2,473,777
A
7
G-49
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
LMISCELLANEOUS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance wi h
t
Original
Final
Final Budget
Positive
Budget
Budget
Actual
(Negative)
'
REVENUES:
Licenses and Permits
$ -
$ 61,433
$ 61,299
$ (134)
Charges for Services
-
328,506
367,651
39,145
Fines and Forfeitures
-
164,810
242,919
78,109
Investment Income
6,653
6,653
Miscellaneous
-
9,500
10,000
500
'
Total Revenues
-
564,249
688,522
124,273
EXPENDITURES:
'
Current:
General Government:
Conservation Land Purchase
-
7,088
-
7,088
Public Safety:
Interagency Communications
-
206
206
-
Education -Building Department
23,400
69,199
14,303
54,896
Environmental Resource Education
13,000
28,634
5,604
23,030
Total Public Safety
36,400
98,039
20,113
77,926
Economic Environment:
Restore Act Gulf Consort
-
7,000
4,373
2,627
Climate Leadership Summit
_
2,500
-
2,500
Total Economic Environment
9,500
4,373
5,127
Human Services:
FL Keys Council for the Handicapped
7,327
460
6,867
Bayshore Donations
-
1,240
-
1,240
Traffic Educ, Ord 021-2002
81,467
81,467
81,466
1
Legal Aid
-
26,644
26,105
539
Total Human Services
81,467
116,678
108,031
8,647
Culture and Recreation:
Settler's Park Landscaping
-
-
Library Special Programs
_
36,368
6,804
29,564
Library Donation -Golan Trust
370,354
9,951
360,403
Total Culture and Recreation
-
406,722
16,755
389,967
(Continued)
I
G-50
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - CONTINUED
MISCELLANEOUS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Court Related:
Alt Dispute Resolution - Civil
Ord 016-2004 St Court Sup
SA Ct Tech FS28.24(12)(E)
PD Ct Tech FS28.24(12)(E)
J Ct Tech FS28.24(12)(E)
Total Court Related
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
10,128
10,128
1,422
8,706
100,000
126,644
71,129
55,515
375,000
504,364
-
504,364
11,500
70,231
46,869
23,362
42,800
187,308
37,465
149,843
539,428
898,675
156,885
741,790
657,295
1,536,702
306,157
1,230,545
(657,295) (972,453) 382,365 1,354,818
Reserve for Contingencies (1,347,670) (829,430) - 829,430
Transfers to Other Funds - (203,082) (185,835) 17,247
Total Other Financing Sources/(Uses) (1,347,670) (1,032,512) (185,835) 846,677
Net Change in Fund Balances (2,004,965) (2,004,965) 196,530 2,201,495
Fund Balances, October 1 2,004,965 2,004,965 2,240,884 235,919
Fund Balances, September 30 $ - $ - $ 2,437,414 $ 2,437,414
q
G-51
1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
ENVIRONMENTAL RESTORATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Fines and Forfeitures
Investment Income
Total Revenues
t EXPENDITURES:
Current:
Physical Environment:
Environmental Restoration
KLWT Plant Site Mitg Pro
Total Expenditures
' Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 170,000
$ 170,000
$ 128,478
$ (41,522)
5,000
5,000
3,861
(1,139)
175,000
175,000
132,339
(42,661)
170,528
170,528
142,009
28,519
713,635
713,635
472
713,163
884,163
884,163
142,481
741,682
(709,163) (709,163) (10,142) 699,021
Reserve for Contingencies (50,000) (50,000)
Reserve for Cash Balance (42,632) (42,632)
Transfers to Other Funds (2,000) (2,000)
Total Other Financing Sources/(Uses) (94,632) (94,632)
Net Change in Fund Balances (803,795) (803,795)
Fund Balances, October 1
Fund Balances, September 30
C
- 50,000
- 42,632
- 2,000
- 94,632
(10,142) 793,653
803,795 803,795 1,444,190 640,395
$ 1,434,048 $ 1,434,048
I
G-52
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
COURT FACILITY FEES SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
Investment Income
Total Revenues
EXPENDITURES:
Current:
Court Related:
Court Facility
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 600,000
$ 600,000
$ 525,292
$ (74, 708)
10,000
10,000
5,979
(4,021)
610,000
610,000
531,271
(78,729)
1,145,700 1,145,700 710,406 435,294
(535,700) (535,700) (179,135) 356,565
Reserve for Contingencies
(160,400)
(142,267) -
142,267
Reserve for Cash Balance
(325,600)
(325,600) -
325,600
Transfers to Other Funds
(3,000)
(21,133) (21,132)
1
Total Other Financing Sources/(Uses) (489,000)
(489,000) (21,132)
467,868
Net Change in Fund Balances
(1,024,700)
(1,024,700) (200,267)
824,433
Fund Balances, October 1
Fund Balances, September 30
1,024,700 1,024,700 2,330,814 1,306,114
- $ 2,130,547 $ 2,130,547
G-53
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
DRUG ABUSE TRUST SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
Investment Income
Total Revenues
EXPENDITURES:
Current:
Human Services:
Drug Abuse Trust Fund
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 20,000
$ 20,000
$ 31,353
$ 11,353
500
500
431
(69)
20,500
20,500
31,784
11,284
88,052 88,052 24,751 63,301
(67,552) (67,552)
Reserve for Contingencies (12,525) (12,525)
Reserve for Cash Balance (25,175) (25,175)
Total Other Financing Sources/(Uses) (37,700) (37,700)
Net Change in Fund Balances (105,252) (105,252)
Fund Balances, October 1
Fund Balances, September 30 $
105,252
7,033 74,585
12,525
25,175
37.700
7,033 112,285
105,252 140,040 34,788
- $ 147,073 $ 147,073
I G-54
MONROE COUNTY, FLORIDA
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, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Taxes
$ -
$ - $
3
$ 3
Investment Income
-
-
4
4
Total Revenues
-
-
7
7
EXPENDITURES:
Current:
Physical Environment:
Marathon Wastewater
497
497
-
497
Total Expenditures
497
497
-
497
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(497)
(497)
7
504
Other Financing Sources/(Uses):
Reserve for Contingencies
(55)
(55)
-
55
Total Other Financing Sources/(Uses)
(55)
(55)
-
55
Net Change in Fund Balances
(552)
(552)
7
559
Fund Balances, October 1
552
552
1,946
1,394
Fund Balances, September 30
- $ 1,953 $ 1,953
G-55
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
BAY POINT WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Bay Point Wastewater
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 250 $ 250 $ 142 $ (108)
250 250 142 (108)
34,753
34,753
809
33,944
34,753
34,753
809
33,944
(34,503) (34,503) (667) 33,836
Reserve for Contingencies (4,344) (4,344)
Reserve for Cash Balance (4,344) (4,344)
Total Other Financing Sources/(Uses) (8,688) (8,688)
Net Change in Fund Balances (43,191) (43,191)
Fund Balances, October 1
Fund Balances, September 30 $
43,191
G-56
4,344
4,344
8.688
(667) 42,524
43,191 52,699 9,508
- $ 52,032 $ 52,032
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
BIG COPPITT WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Investment Income $ - $ - $ 5 $ 5
Total Revenues - - 5 5
EXPENDITURES:
Current:
Physical Environment:
Big Coppitt Wastewater
3,773
3,773
2,901
872
Total Expenditures
3,773
3,773
2,901
872
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(3,773)
(3,773)
(2,896)
877
Other Financing Sources/(Uses):
Reserve for Contingencies
(400)
(400)
-
400
Total Other Financing Sources/(Uses) (400)
(400)
-
400
Net Change in Fund Balances
(4,173)
(4,173)
(2,896)
1,277
Fund Balances, October 1 4,173 4,173 4,643 470
Fund Balances, September 30 $ - $ - $ 1,747 $ 1,747
G-57
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
KEY LARGO WASTEWATER MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Key Largo Wastewater
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 505 $ 505
19 19
524 524
4,476
4,476
499
3,977
4,476
4,476
499
3,977
(4,476) (4,476)
25 4,501
Reserve for Contingencies
(497)
(497)
- 497
Total Other Financing Sources/(Uses)
(497)
(497)
- 497
Net Change in Fund Balances
(4,973)
(4,973)
25 4,998
Fund Balances, October 1
4,973
4,973
8,666 3,693
Fund Balances, September 30
$ -
$ - $
8,691 $ 8,691
G-58
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
STOCK ISLAND WASTEWATER SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Licenses and Permits
Investment Income
Miscellaneous Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Stock Island Wastewater
Stock Island Cap Fee Refund
Total Physical Environment
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ -
$ -
$ 91
$ 91
47,000
47,000
30,360
(16,640)
2,350
2,350
15,839
13,489
-
-
4,011
4,011
49,350
49,350
50,301
951
343,077
343,077
4,058 339,019
5,000
5,000
- 5,000
348,077
348,077
4,058 344,019
348,077 348,077 4,058 344,019
(298,727) (298,727) 46,243 344,970
Reserve for Contingencies
(49,926)
(49,926) -
49,926
Reserve for Cash Balance
(99,852)
(99,852) -
99,852
Transfers from Other Funds
-
- 463
463
Transfers to Other Funds
(1,410)
(1,410) (1,001)
409
Total Other Financing Sources/(Uses)
(151,188)
(151,188) (538)
150,650
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(449,915) (449,915) 45,705 495,620
449,915
449,915 552,600 102,685
$ 598,305 $ 598,305
E
G-59
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CUDJOE-SUGARLOAF MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Cudjoe-Sugarloaf Wastewater
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 298 $ 298
91 91
389 389
64,233
64,233
60,682
3,551
64,233
64,233
60,682
3,551
(64,233) (64,233) (60,293) 3,940
Reserve for Contingencies
(1,000)
(1,000)
-
1,000
Transfers to Other Funds
(13)
(13)
(9)
4
Total Other Financing Sources/(Uses)
(1,013)
(1,013)
(9)
1,004
Net Change in Fund Balances
(65,246)
(65,246)
(60,302)
4,944
Fund Balances, October 1
65,246
65,246
77,474
12,228
Fund Balances, September 30
$ -
$ -
$ 17,172 $
17,172
G-60
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CONCH KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Conch Key MSTU
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 3 $ 3
3 3
681 681 218
(681) (681) (215)
Reserve for Contingencies (50) (50)
Total Other Financing Sources/(Uses) (50) (50) -
Net Change in Fund Balances (731) (731) (215)
Fund Balances, October 1 731 731 1,181
Fund Balances, September 30 $ - $ - $ 966 $
463
466
50
50
516
450
966
G-61
t
1
1
1
1
1
1
1
1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
LONG KEY-LAYTON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Long Key -Layton Wastewater
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 50 $ 50
- 50 50
11,773
11,773
1,708
10,065
11,773
11,773
1,708
10,065
(11,773) (11,773) (1,658) 10,115
Reserve for Contingencies
(1,682)
(1,682) -
1,682
Reserve for Cash Balance
(3,364)
(3,364)
3,364
Total Other Financing Sources/(Uses)
(5,046)
(5,046) -
5,046
Net Change in Fund Balances
(16,819)
(16,819) (1,658)
15,161
Fund Balances, October 1
16,819
16,819 20,950
4,131
Fund Balances, September 30 $ - $ - $ 19,292 $ 19,292
G-62
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
DUCK KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Taxes
Investment Income
Total Revenues
EXPENDITURES:
Current:
Physical Environment:
Duck Key Wastewater
Total Expenditures
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 71 $ 71
400 400 198 (202)
400 400 269 (131)
46,813
46,813
16,348
30,465
46,813
46,813
16,348
30,465
(46,413) (46,413) (16,079) 30,334
Reserve for Contingencies (6,242) (6,242)
Reserve for Cash Balance (9,363) (9,363)
Transfers to Other Funds - -
Total Other Financing Sources/(Uses) (15,605) (15,605)
Net Change in Fund Balances (62,018) (62,018)
6,242
- 9,363
1 1
1 15,606
(16,078) 45,940
Fund Balances, October 1 62,018 62,018 86,510 24,492
Fund Balances, September 30 $ - $ - $ 70,432 $ 70,432
G-63
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
' BUILDING FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Licenses and Permits
$ 2,118,500
$ 2,118,500
$ 2,319,409
$ 200,909
Charges for Services
52,000
52,000
62,111
10,111
Investment Income
4,000
4,000
2,929
(1,071)
Miscellaneous
8,000
8,000
14,624
6,624
Total Revenues
2,182,500
2,182,500
2,399,073
216,573
EXPENDITURES:
Current:
Public Safety
Building Department
2,422,701
2,422,701
2,135,251
287,450
Building Refunds
10,000
10,000
5,951
4,049
Total Expenditures
2,432,701
2,432,701
2,141,202
291,499
Excess/Deficiency of Revenues
Over/(Under) Expenditures
(250,201)
(250,201)
257,871
508,072
Other Financing Sources/(Uses):
Reserve for Contingencies
Reserve for Cash Balance
(115,000)
(380,600)
(115,000)
(380,600)
-
-
115,000
380,600
Transfers from Other Funds
90,000
90,000
-
(90,000)
Total Other Financing Sources/(Uses)
(405,600)
(405,600)
-
405,600
Net Change in Fund Balances
(655,801)
(655,801)
257,871
913,672
' Fund Balances, October 1 655,801 655,801 893,289 237,488
Fund Balances, September 30 $ - $ - $ 1,151,160 $ 1,151,160
I G-64
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S TEEN COURT SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
EXPENDITURES:
Current:
Public Safety
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 65,000 $ 60,000 $ 56,399 $ (3,601)
57,500 57,000 54,531 2,469
7,500
3,000
1,868
(1,132)
7,500
3,000
1,868
(1,132)
20,861 22,561 23,429 868
$ 28,361 $ 25,561 $ 25,297 $ (264)
G-65
Fund Balances, October 1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES -BUDGET AND ACTUAL
SHERIFF'S FEDERAL FORFEITURE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Intergovernmental
Investment Income
Total Revenues
EXPENDITURES:
Current:
Public Safety:
Law Enforcement
Grants and Aid
Total Expenditures
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Net Change in Fund Balances
tFund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 265,190 $ 265,190
- - 13,702 13,702
- - 278,892 278,892
60,000
170,000
160,526
9,474
700,000
550,000
520,681
29,319
760,000
720,000
681,207
38,793
(760,000)
(720,000)
(402,315)
317,685
(760,000)
(720,000)
(402,315)
317,685
1,324,232 875,832 2,453,744 1,577,912
$ 564,232 $ 155,832 $ 2,051,429 $ 1,895,597
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S STATE FORFEITURE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Fines and Forfeitures
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Public Safety:
Law Enforcement
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Reserves for Contingencies
Reserves for Cash Balance
Transfers to Other Funds
Total Other Financing Sources/Uses
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 64,800
$ 114,800
$ 109,509
$ (5,291)
2,200
2,200
1,802
(398)
-
42,826
-
(42,826)
67,000
159,826
111,311
(48,515)
421,572 505,904 96,148 409,756
(354,572) (346,078) 15,163 361,241
(57,367) (57,367) - 57,367
(114,734) (114,734) - 114,734
(45,000) (53,494) (3,494) 50,000
(217,101) (225,595) (3,494) 222,101
(571,673) (571,673) 11,669 583,342
571,673
571,673 616,616 44,943
- $ 628,285 $ 628,285
G-67
1
1
1
1
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S CONTRACT ADMINISTRATIVE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Intergovernmental
$ 453,500
$ 453,400
$ 383,725
$ (69,675)
Charges for Services
2,980,000
3,145,600
3,178,591
32,991
Investment Income
1,000
1,000
1,361
361
Total Revenues
3,434,500
3,600,000
3,563,677
(36,323)
EXPENDITURES:
Current:
Public Safety 3,180,000 3,470,000 3,376,761 93,239
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures 254,500 130,000 186,916 56,916
Other Financing Sources/(Uses):
Transfers to Other Funds - - 2,908 2,908
Net Change in Fund Balances 254,500 130,000 189,824 59,824
Fund Balances, October 1 699,437 783,437 785,317 1,880
Fund Balances, September 30 $ 953,937 $ 913,437 $ 975,141 $ 61,704
G-68
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S COMMISSARY SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Charges for Services
$ 406,500
$ 406,500
$ 389,744
$ (16,756)
Investment Income
3,400
3,200
3,211
11
Miscellaneous
5,100
5,300
17,204
11,904
Total Revenues
415,000
415,000
410,159
(4,841)
EXPENDITURES:
Current:
Public Safety 310,000 385,000 382,667 2,333
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures 105,000 30,000 27,492 (2,508)
Other Financing Sources/(Uses):
Transfers from Other Funds 3,500 3,500 3,494 (6)
Net Change in Fund Balances 108,500 33,500 30,986 (2,514)
Fund
Balances, October 1
441,781
498,081
523,886
25,805
Fund
Balances, September 30
$ 550,281 $
531,581 $
554,872 $
23,291
G-69
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
tSHERIFF'S INTERAGENCY COMMUNICATIONS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Public Safety
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
' Transfers from Other Funds
Net Change in Fund Balances
' Fund Balances October 1
' Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 63,000
$ 66,000
$ 66,376
$ 376
8,000
8,000
7,038
(962)
71,000
74,000
73,414
(586)
229,000 250,000 247,613 2,387
(158,000) (176,000) (174,199) 1,801
158,000 176,000 133,600 (42,400)
- - (40,599) (40,599)
1,157, 829
1,182, 329
1,174,383
(7,946)
$ 1,157,829
$ 1,182, 329
$ 1,133,784 $
(48, 545)
G-70
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S TRAUMA STAR SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Public Safety
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Total Other Financing Sources/Uses
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ - $ - $ 69,093 $ 69,093
69,093 69,093
1,422,503 1,629,578 1,607,297 22,281
(1,422,503) (1,629,578) (1,538,204) 91,374
1,422,503 1,629,578 1,629,578 -
- - (91,374) (91,374)
1,422,503 1,629,578 1,538,204 (91,374)
G-71
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S RADIO COMMUNICATIONS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
' EXPENDITURES:
Current:
Public Safety
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Transfers to Other Funds
Total Other Financing Sources/Uses
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
l
t
i
I
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 348,230 $ 348,230 $ 296,859 $ 51,371
(348,230) (348,230) (296,859) 51,371
348,230 348,230 348,230 -
- - (51,371) (51,371)
348,230 348,230 296,859 (51,371)
G-72
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S GRANTS SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Intergovernmental
EXPENDITURES:
Current:
Public Safety
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfers from Other Funds
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 380,000 $ 380,000 $ 381,935 $ 1,935
839,000 1,045,000 1,020,061 24,939
(459,000) (665,000) (638,126) 26,874
465,000
670,000
651,286
(18,714)
6,000
5,000
13,160
8,160
143,010
18,010
5,096
(12,914)
$ 149,010 $
23,010 $
18,256
$ (4,754)
G-73
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S SHARED ASSET FORFEITURE SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:
Investment Income $ 242,000 $ 240,000 $ 239,755 $ (245)
EXPENDITURES:
Current:
Public Safety:
Law Enforcement
2,000
2,000
788
1,212
Grants and Aid
156,000
199,000
192,254
6,746
Total Expenditures
158,000
201,000
193,042
7,958
Net Change in Fund Balances
84,000
39,000
46,713
7,713
Fund Balances, October 1 5,161,547 5,173,547 5,173,733 186
Fund Balances, September 30 $ 5,245,547 $ 5,212,547 $ 5,220,446 $ 7,899
G-74
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
SHERIFF'S E911 SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
REVENUES:
Charges for Services
$ 525,000
$ 500,000
$ 492,390
$ (7,610)
Investment Income
20,000
15,000
14,651
(349)
Total Revenues
545,000
515,000
507,041
(7,959)
EXPENDITURES:
Current:
Public Safety
235,000
240,000
227,531
12,469
Net Change in Fund Balances
310,000
275,000
279,510
4,510
Fund Balances, October 1
2,193,051
2,225,051
2,235,350
10,299
Fund Balances, September 30
$ 2,503,051
$ 2,500,051
$ 2,514,860 $
14,809
G-75
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CLERK'S RECORDS MODERNIZATION SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Charges for Services
Fines and Forfeitures
Investment Income
Total Revenues
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 222,000
$ 222,000
$ 283,598
$ 61,598
93,523
93,523
171,919
78,396
8,000
8,000
11,290
3,290
323,523
323,523
466,807
143,284
Other Financing Sources/(Uses):
Transfer to Other Funds (99,477) (99,477)
Total Other Financing Sources/(Uses) (99,477) (99,477)
Net Change in Fund Balances 224,046 224,046
99.477
- 99,477
466,807 242,761
Fund Balances, October 1 921,000 921,000 1,254,717 333,717
Fund Balances, September 30 $ 1,145,046 $ 1,145,046 $ 1,721,524 $ 576,478
G-76
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
CLERK'S COURT RELATED SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Income
Total Revenues
EXPENDITURES:
Current:
Court Related:
Clerk Administration
Clerk Records Management
Clerk Jury Management
Clerk Circuit Court Criminal
Clerk Circuit Court Civil
Clerk Court Information Systems
Clerk Circuit Court Foreclosure
Clerk Circuit Court Family
Clerk Circuit Court Juvenile
Clerk Circuit Court Probate
Clerk County Court Criminal
Clerk County Court Civil
Clerk County Court Traffic
Total Expenditures
Excess/(Deficiency) of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Transfer from Other Funds
Transfer to Other funds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
Original Final
Budget Budget
$ 3,290,430
$ 2,673,388
260,215
388,844
1,027
Actual
$ 2,557,034
314,960
453,457
350
Variance with
Final Budget
Positive
(Negative)
$ (116,354)
54,745
64,613
(677)
3,290,430 3,323,474 3,325,801 2,327
276,818
280,397
205,962
74,435
404,748
404,748
221,543
183,205
174,016
174,016
165,155
8,861
690,581
690,581
653,979
36,602
490,812
491,154
478,727
12,427
132,161
132,198
102,742
29,456
-
24,956
23,623
1,333
125,189
125,189
113,895
11,294
77,549
77,549
74,916
2,633
93,479
93,479
91,981
1,498
543,805
543,805
527,327
16,478
155,650
155,650
153,805
1,845
614,111
618,241
619,485
(1,244)
3,778,919
3,811,963
3,433,140
378,823
(488,489) (488,489) (107,339) 381,150
935,374 935,374 578,563 (356,811)
(446,885) (446,885) (471,224) (24,339)
488,489 488,489 107,339 (381,150)
G-77
1
H
MONROE COUNTY, FLORIDA
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, 2013
REVENUES:
Taxes
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Capital Outlay:
General Government
Public Safety
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$15,000,000
$15,000,000
$17,172,360
$ 2,172,360
100,000
100,000
38,775
(61,225)
-
-
65,843
65,843
15,100,000
15,100,000
17,276,978
2,176,978
1,490,000 1,511,132 883,405 627,727
Public Safety Capital Projects
2,589,283
2,589,283
30,580 2,558,703
Med Exam Environmental Mitigtn
5,500
5,500
5,500 -
Total Public Safety
2,594,783
2,594,783
36,080 2,558,703
Physical Environment
1,133,025
1,183,025
727,753 455,272
Transportation: Const. Mgmt 635,409 635,409 513,762 121,647
Culture and Recreation - 15,500 - 15,500
Total Capital Outlay Expenditures 5,853,217 5,939,849 2,161,000 3,778,849
Excess/Deficiency of Revenues
Over/(Under) Expenditures 9,246,783 9,160,151 15,115,978 5,955,827
'
Other Financing Sources/(Uses):
Reserve for Contingencies
(526,200)
(384,517)
-
384,517
Reserve for Cash Balance
(2,500,000)
(2,500,000)
2,500,000
Transfers from Other Funds
Transfers to Other Funds
2,011,017
(29,929,349)
2,032,149
(30,005,532)
21,132
(28,814,563)
(2,011,017)
1,190,969
'
Total Other Financing Sources/(Uses) (30,944,532)
(30,857,900)
(28,793,431)
2,064,469
Net Change in Fund Balances
(21,697,749)
(21,697,749)
(13,677,453)
8,020,296
iFund Balances, October 1
Fund Balances, September 30
21,697,749 21,697,749 24,871,829 3,174,080
$ - $ - $11,194, 376 $ 11,194, 376
J
G-78
MONROE COUNTY, FLORIDA
BIG COPPITT WASTEWATER CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Licenses and Permits
Investment Income
Miscellaneous
Total Revenues
EXPENDITURES:
Current:
Capital Outlay:
Physical Environment:
Big Coppitt Wastewater Project
Big Coppitt Refunds
Big Coppitt Special Assessment
Total Physical Environment
Excess/Deficiency of Revenues
Over/(Under) Expenditures
Other Financing Sources/(Uses):
Reserve for Contingencies
Transfers from Other Funds
Transfers to Other Funds
Total Other Financing Sources/(Uses)
Net Change in Fund Balances
Fund Balances, October 1
Prior Period Adjustment
Fund Balances, October 1, as restated
Fund Balances, September 30
Variance with
Final Budget
Original
Final
Positive
Budget
Budget
Actual
(Negative)
$ 3,005,663
$ 550,000
$ 337,694
$ (212,306)
-
10,000
132,396
122,396
-
-
39,902
39,902
3,005,663
560,000
509,992
(50,008)
- 150,000
12,849 137,151
5,000 5,000
- 5,000
3,000,663 1,976,694
17,024 1,959,670
3,005,663 2,131,694
29,873 2,101,821
- (1,571,694) 480,119 2,051,813
- 2,445,663 - (2,445,663)
150,000 150,000 - (150,000)
(150,000) (1,023,969) (1,023,969) -
- 1,571,694 (1,023,969)
(2,595,663)
- - (543,850)
(543,850)
- - 3,552,047
3,552,047
- - 73,207
73,207
- - 3,625,254
3,625,254
$ 3,081,404 $ 3,081,404
J
G-79
MONROE COUNTY, FLORIDA
CUDJOE REGIONAL WASTEWATER CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Variance with
Final Budget
Original Final
Positive
Budget Budget
Actual
(Negative)
REVENUES:
Licenses and Permits
$ - $ 2,000,000
$ -
$ (2,000,000)
Intergovernmental
- 30,000,000
4,584,323
(25,415,677)
Investment Income
Total Revenues
- -
32,000,000
23,612
4,607,935
23,612
(27,392,065)
EXPENDITURES:
Current:
Capital Outlay:
Physical Environment:
Cudjoe Regional Wastewater Project
County Funding
19,404,000
19,404,000
3,143,875
16,260,125
Grant Funding
30,000,000
8,088,339
21,911,661
Loan Funding
_
40,000,000
7,886,503
32,113,497
Special Assessment Refunds
-
25,000
-
25,000
'
Special Assessments
-
1,973,000
175,958
1,797,042
Total Physical Environment
19,404,000
91,402,000
19,294,675
72,107,325
1
Other Financing Sources/(Uses):
Debt Proceeds
-
40,000,000
5,461,341
(34,538,659)
Transfers from Other Funds
19,404,000
19,404,000
19,404,926
926
ITransfers
to Other Funds
-
(2,000)
(2,000)
-
Total Other Financing Sources/(Uses)
19,404,000
59,402,000
24,864,267
(34,537,733)
Net Change in Fund Balances
10,177,527
10,177,527
-
-
Fund Balances, October 1
-
-
3,203,828
3,203,828
Prior Period Adjustment
(1,433,907)
(1,433,907)
Fund Balances, October 1, as restated
-
-
1,769,921
1,769,921
Fund Balances, September 30
$ -
$ -
$11,947,448
$11,947,448
I G-80
MONROE COUNTY, FLORIDA
ALL DEBT SERVICE FUNDS
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
REVENUES:
Investment Income
EXPENDITURES:
Current:
Debt Service:
2003 Revenue Bonds:
Principal
Interest
Total 2003 Revenue Bonds
2007 Revenue Bonds
Original Final
Budget Budget Actual
Variance with
Final Budget
Positive
(Negative)
$ 9,000 $ 9,000 $ 9,880 $ 880
1,531,337
1,531,337
1,505,000
26,337
356,203
356,203
356,202
1
1,887,540
1,887,540
1,861,202
26,338
Principal
2,932,245
2,932,245
2,875,000 57,245
Interest
764,300
764,300
764,300 -
Other Debt Service Costs
5,255
5,255
255 5,000
Total Guaranteed Entitlement Ln
3,701,800
3,701,800
3,639,555 62,245
Clean Water SRF Loan
Principal 428,705 428,705 428,643 62
Interest 253,295 253,295 253,295 -
Total Guaranteed Entitlement Ln 682,000 682,000 681,938 62
Total Expenditures 6,271,340 6,271,340 6,182,695 88,645
Excess/Deficiency of Revenues
Over/(Under) Expenditures (6,262,340) (6,262,340) (6,172,815) 89,525
Other Financing Sources/(Uses):
Reserve for Contingencies (500,000) (500,000) - 500,000
Reserve for Cash Balance (1,347,633) (1,347,633) - 1,347,633
Transfers from Other Funds 6,271,340 6,271,340 6,271,340 -
Total Other Financing Sources/(Uses) 4,423,707 4,423,707 6,271,340 1,847,633
Net Change in Fund Balances
Fund Balances, October 1
Fund Balances, September 30
(1,838,633) (1,838,633) 98,525 1,937,158
1,838,633 1,838,633 2,527,607 688,974
$ - $ - $ 2,626,132 $ 2,626,132
y
r,
G-81
11
1
THIS PAGE INTENTIONALLY LEFT BLANK
7
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
SEPTEMBER 30, 2013
ASSETS
Current Assets:
Cash and Cash Equivalents
Investments
Accounts Receivable, Net
Due from Other Funds
Due from Other Governmental Units
Interest Receivable
Total current assets
Noncurrent Assets:
Land and Other Nondepreciable Assets
Capital Assets, Net of Accum. Depreciation
Total Noncurrent Assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts Payable
Accrued Wages and Benefits Payable
Claims and Judgements Payable
Due to Other Funds
Due to Other Governmental Units
Accrued Comp. Absences Payable
Total Current Liabilities
Noncurrent Liabilities:
Accrued Comp. Absences Payable
OPEB Liability
Total Noncurrent Liabilities
Total Liabilities
NET POSITION
Net investment in capital assets
Unrestricted
Total Net Position
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
$ 1,280,235 $ 3,509,000 $ 1,941,395
3,820,826
10,490,644
5,776,991
675,698
2,546
36,005
53,803
392,624
-
3,514
61,267
-
9,692
26,610
14,654
5,843,768
14, 482, 691
7,769,045
428 33,265
428 33.265
5,843,768 14,483,119 7,802,310
31,754
1,633,257
76,264
9,814
10,728
18,483
1,069,901
965,564
233,910
-
-
12,018
16,902
-
-
340,675
1,128,371
21609,549
2,097
15,416
14,933
128,784
62,832
129,826
130,881
78,248
144,759
1,259,252
2,687,797
485,434
- 428 33,265
4,584,516 11,794,894 7,283,611
$ 4,584,516 $ 11,795,322 $ 7,316,876
G-82
Fleet
Management
Fund Total
$ 499,317
$ 7,229,947
1,287,626
21,376,087
-
714,249
602
447,029
34,724
99,505
3,266
54,222
1,825,535
29,921,039
54,000
54,000
890,612
924,305
944,612
978,305
2,770,147
30,899,344
44,247
1,785,522
47,487
86,512
-
2,269,375
172
12,190
-
16,902
9,677
9,677
101,583
4,180,178
61,163
93,609
328,329
649,771
389,492
743,380
491,075
4,923,558
944,612 978,305
1,334,460 24,997,481
$ 2,279,072 $ 25,975,786
G-83
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Operating Revenues:
Charges for Services
Miscellaneous
Total operating revenues
Operating Expenses:
Personnel Services
Operations
Depreciation and Amortization
Asserted and Paid Claims
Total operating expenses
Operating Income/(Loss)
Non -Operating Revenues/(Expenses):
Worker's
Group
Risk
Compensation
Insurance
Management
Fund
Fund
Fund
$ 2,625,533
$ 14,007,761
$ 2,818,790
41,797
9,694
16,867
2,667,330
14,017,455
2,835,657
176,923
203,513
190,380
375,813
1,227,202
1,855,246
-
214
5,380
1,579,348
12,632,655
208,818
2,132,084
14,063,584
2,259,824
535,246 (46,129) 575,833
Investment Income 10,588 37,199 21,909
Insurance Recoveries 729,880 129,332 81,917
Grants and Donations - - -
Gain (Loss) on Disposition of Assets - - 700
Total Non -Operating Revenues/(Expenses) 740,468 166,531 104,526
Income/Loss Before Transfers
Transfers to Other Funds
Change in Net Position
Total Net Position -October 1
Total Net Position -September 30
1,275,714 120,402 680,359
(82,641) (113,658) (64,383)
1,193,073 6,744 615,976
3,391,443 11,788,578 6,700,900
$ 4,584,516 $ 11,795,322 $ 7,316,876
7
G-84
Fleet
Management
Fund
Total
$ 2,852,415
$ 22,304,499
10,401
78,759
2,862,816
22,383,258
1,017,119
1,587,935
1,211,212
4,669,473
64,439
70,033
-
14,420,821
2,292,770
20,748,262
570,046
1,634,996
7,290
76,986
-
941,129
12,728
12,728
-
700
20,018
1,031,543
590,064
2,666,539
(456,060)
(716,742)
134,004
1,949,797
2,145,068 24,025,989
$ 2,279,072 $ 25,975,786
G-85
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Operating Activities:
Cash received for services
Cash rec'vd from other funds for goods and svcs
Cash received from insurance recoveries
Cash payments to suppliers for goods and svcs
Cash payments for employee services
Cash payments to other funds
Cash payments for claims
Other operating revenue
Net Cash Provided by/(Used in)
Operating Activities
Noncapital Financing Activities:
Transfers to other funds
Capital and Related Financing Activities:
Acquisition of capital assets
Proceeds from sale of capital assets
Net Cash Provided/(Used) by Capital and
Related Financing Activities
Investing Activities:
Investment income
Proceeds from sales and maturities of investments
Purchase of investment securities
Net Cash Provided/(Used) in Investing Activities
Net Increase/(Decrease) in Cash and
Cash Equivalents
Cash and Cash Equivalents:
October 1
September 30
Worker's
Compensation
Fund
Group
Insurance
Fund
Risk
Management
Fund
$ 88,057
$ 3,582,010
$ 48,038
2,510,161
10,177,191
2,782,770
54,247
130,270
50,526
(371,314)
(1,182,478)
(1,811,110)
(167,752)
(172,823)
(152,920)
(25,553)
(32,615)
(27,673)
(2,321,486)
(12,135,689)
(147,878)
41,732
9,694
16,867
(191,908)
375,560
758,620
(82,641) (113,658) (64,383)
- - (23,473)
700
(22,773)
57,778 153,253 85,396
2,506,014 4,906,702 2,644,100
(1,868,550) (4,766,909) (2,614,377)
695,242 293,046 115,119
420,693 554,948 786,583
859,542 2,954,052 1,154, 812
$ 1,280,235 $ 3,509,000 $ 1,941,395
f�
II
'
Fleet
Management
Fund
Total
1
$ 738,576
$ 4,456,681
2,116,601
17,586,723
-
235,043
(1,634,533)
(4,999,435)
(510,586)
(1,004,081)
(539,173)
(625,014)
-
10,401
(14,605,053)
78,694
181,286
1,123, 558
'
(456,060)
(716,742)
(6,575) (30,048)
700
' (6,575) (29,348)
' 24,643 321,070
1,052,840 11,109,656
(668,062) (9,917,898)
409,421 1,512,828
t128,072 1,890,296
371,245 5,339,651
$ 499,317 $ 7,229,947
1
'
G-87
(Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS - CONTINUED
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Reconciliation of operating income/(loss)
to net cash provided by/(used in)
operating activities:
Operating income/(loss)
Adjustments to reconcile operating income/(loss)
to net cash provided by/(used in) operating
activities:
Depreciation and Amortization
Nonoperating Income -Insurance Recoveries
Change in assets and liabilities:
(Increase)/Decrease in Accounts receivable
(Increase)/Decrease in Due from other funds
(Increase)/Decrease in Due from other gov't units
Increase/(Decrease) in Accounts payable
Increase/(Decrease) in Accrued wages/benefits
Increase/(Decrease) in Claims/judgments payable
Increase/(Decrease) in Due to other funds
Increase/(Decrease) in Due to other gov't units
Increase/(Decrease) in Comp. absences payable
Increase/(Decrease) in OPEB liability
Total adjustments
Net cash provided by/(used in)
operating activities
Noncash investing, capital, and financing activities:
Contribution of capital assets from gov't
Change in fair value of investments
Cash Reconciliation:
Unrestricted
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund
$ 535,246 $ (46,129) $ 575,833
-
214
5,380
729,880
129,332
81,917
(675,698)
938
(31,391)
(22,424)
(224,193)
-
(2,325)
(24,367)
-
(7,033)
589,870
39,907
517
2,437
9,759
(742,138)
(51,269)
60,940
(3,004)
(1,190)
11,341
8,012
-
-
(28,155)
(9,211)
(9,266)
15,214
9,128
14,200
(727,154)
421,689
182,787
$ (191,908) $ 375,560 $ 758,620
(41,904) $(106,904) $ (58,631)
$ 1,280,235 $ 3,509,000 $ 1,941,395
J
G-88
fl
' Fleet
Management
Fund
Tota I
' $ 570,046 $ 1,634,996
'
64,439
70,033
-
941,129
'
1,214
(704,937)
'
(522)
2,070
(247,139)
(24,622)
(27,587)
595,157
'
(449)
12,264
(732,467)
(468,497)
(461,350)
-
8,012
'
2,033
(44,599)
38,539
77,081
' (388,760) (511,438)
'
$ 181,286
$ 1,123,558
'
$ 12,728
$ 12,728
(14,982)
-T (222,421)
'
$ 499,317
$ 7,229,947
I
G-89
MONROE COUNTY, FLORIDA
COMBINING
STATEMENT OF FIDUCIARY
NET ASSETS
ALL AGENCY FUNDS
SEPTEMBER 30, 2013
Clerk's Sheriffs
Tag
General General
and
Property
Agency Agency
License
Tax
Totals
ASSETS
Cash and Cash Equivalents
$
3,842,968 $ 1,263,083 $
268,299
$ 1,534,234
$
6,908,584
Accounts Receivable
9,022 14,429
589
5,695
29,735
Total assets
$
3,851,990 $ 1,277,512 $
268,888
$ 1,539,929
$
6,938,319
LIABILITIES
Due to Others
Due to Other Governmental Units
$
3,169,906 $ 1,277,512 $
682,084 -
1,797
267,091
$ 14,721
1,525,208
$
4,463,936
2,474,383
Total liabilities
$
3,851,990 $ 1,277,512 $
268,888
$ 1,539,929
$
6,938,319
G-90
1 MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
ALL AGENCY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
'
10/1/2012
Additions
Deductions
9/30/2013
Clerk's General
Assets
Cash and Cash Equivalents
$
3,512,768
$
33,400,944
$
33,070,744
$
3,842,968
Accounts Receivable
4,641
72,763
68,382
9,022
Total assets
$
3,517,409
$
33,473,707
$
33,139,126
$
3,851,990
Liabilities
Due to Others
Due to Other Governmental Units
$
2,464,149
1,053,260
$
10,180,395
23,293,312
$
9,474,638
23,664,488
$
3,169,906
682,084
Total liabilities
$
3,517,409
$
33,473,707
$
33,139,126
$
3,851,990
'
Sheriffs General
Assets
Cash and Cash Equivalents
$
1,446,235
$
1,469,380
$
1,652,532
$
1,263,083
Accounts Receivable
6,842
692,246
684,659
14,429
Total assets
$
1,453,077
$
2,161,626
$
2,337,191
$
1,277,512
Liabilities
Due to Others
$
1,453,077
$
2,069,931
$
2,245,496
$
1,277,512
'
Total liabilities
$
1,453,077
$
2,069,931
$
2,245,496
$
1,277,512
Tag and License
Assets
Cash and Cash Equivalents
$
187,148
$
14,378,468
$
14,297,317
$
268,299
Accounts Receivable
2,381
-
1,792
589
'
Total assets
$
189,529
$
14,378,468
$
14,299,109
$
268,888
Liabilities
Due to Others
$
1,223
$
31,302
$
30,728
$
1,797
Due to Other Governmental Units
188,306
14,347,166
14,268,381
267,091
Total liabilities
$
189,529
$
14,378,468
$
14,299,109
$
268,888
Property Tax
Assets
'Cash
and Cash Equivalents
$
1,548,590
$
262,767,639
$
262,781,995
$
1,534,234
Accounts Receivable
5,695
5,695
Total assets
$
1,548,590
$ 262,773,334
$ 262,781,995
$
1,539,929
Liabilities
Due to Others
$
11,697
$
12,178,754
$
12,175,730
$
14,721
Due to Other Governmental Units
1,536,893
250,594,580
250,606,265
1,525,208
Total liabilities
$
1,548,590
$ 262,773,334
$ 262,781,995
$
1,539,929
(Continued)
I
G-91
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION -CONTINUED
ALL AGENCY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
10/1/2012
Additions
Deductions
9/30/2013
Total All Agency Funds
Assets
Cash and Cash Equivalents
$
6,694,741
$ 312,016,431
$ 311,802,588
$
6,908,584
Accounts Receivable
13,864
770,704
754,833
29,735
Total assets
$
6,708,605
$ 312,787,135
$ 312,557,421
$
6,938,319
Liabilities
Due to Others
$
3,930,146
$ 24,460,382
$ 23,926,592
$
4,463,936
Due to Other Governmental Units
2,778,459
288,235,058
288,539,134
2,474,383
Total liabilities
$
6,708,605
$ 312,695,440
$ 312,465,726
$
6,938,319
G-92
1
I STATISTICAL SECTION
I(Unaudited)
L7
This part of Monroe County, Florida Government's comprehensive annual financial
report presents detailed information as a context for understanding what the information
in the financial statements, note disclosures, and required supplementary information
says about the County's overall financial health. Statistical schedules differ from financial
statements because they usually cover more than one fiscal year and may present non -
accounting data. These schedules are designed to give the reader insights into the
financial position of Monroe County not readily apparent from the financial statements.
'
Contents
Financial Trends
These schedules contain trend information to help the reader understand how the
government's financial performance and well-being have changed over time.
'
Revenue Capacity
These schedules contain information to help the reader assess the government's
'
most significant local revenue source, the property tax.
'
Debt Capacity
These schedules present information to help the reader assess the affordability of the
government's current levels of outstanding debt and the government's ability to issue
'
additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader
understand the environment within which the government's financial activities take
'
place.
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the government's financial report relates to the
services the government provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
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Monroe County, Florida
Governmental Activities Tax Revenues By Source
Last Ten Fiscal Years
(accrual basis of accounting)
Sales Taxes
State
Local
Local Tourist
Fiscal
Property
Tourist
Sales
Development
Other
Year
Tax
Impact Tax
Tax
Tax
Taxes
Total
2004 $
60,113,153
$ 2,280,226 $
29,241,630 $
13,653,340 $
3,044,564 $
108,332,913
2005
65,213,691
2,319,138
28,604,200
13,924,863
3,546,375
113,608,267
2006
71,978,592
2,337,667
29,097,437
13,658,344
3,567,410
120,639,450
2007
77,370,025
2,470,447
28,849,639
15,427,328
3,126,761
127,244,200
2008
74,581,111
2,774,826
28,455,229
15,006,028
2,055,110
122,872,304
2009
81,181,540
2,567,410
25,936,719
14,962,879
1,141,964
125,790,512
2010
81,685,080
2,820,046
27,042,539
19,658,401
1,292,038
132,498,104
2011
78,492,821
3,221,050
29,123,899
22,409,539
1,702,807
134,950,116
2012
74,644,751
6,288,112
30,706,877
25,606,873
1,866,485
139,113,098
2013
72,392,013
3,895,240
31,684,654
27,192,150
1,837,247
137,001,304
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Monroe County, Florida
Principal Property Taxpayers
September 30, 2013
2013
Taxable
Assessed
Taxpayer
Value
Rank
Southeast Housing LLC $
142,097,484
1
Fla. Keys Electric Co -Op
95,675,183
2
Galleon Condominium Assoc Inc
62,945,933
3
Sunset City LLC
53,708,585
4
Hyatt Vacation Management Co
47,150,998
5
City of Key West
46,883,179
6
Casa Marina Owner LLC
44,324,443
7
NWCL LLC
44,184,878
8
SH5 LTD
39,768,423
9
BellSouth/Southern Bell
39,252,362
10
Hilton Resorts & Marina
Cheeca Lodge
Pier House
Hawks Cay
Southernmost Beach LP
Grand Key Resort
-
Sheraton Suites
-
Reach
-
$
$615,991,468
Source: Monroe County Property Appraiser
Percentage of
Total Taxable
Assessed
Value
0.76%
0.51 %
0.34%
0.29%
0.25%
0.25%
0.24%
0.24%
0.21 %
2004
Percentage of
Taxable Total Taxable
Assessed Assessed
Value Rank Value
57,239,714 2
0.21% 67,958,924
1
38,613,649
3
32,594,238
4
27,314,526
5
27,240,603
6
26,342,424
7
- 24,784,925
8
- 24,505,715
9
- 21, 858,718
10
3.29% $ 348,453,436
H-13
0.39%
0.46%
0.26%
0.22%
0.19%
0.19%
0.18%
0.17%
0.17%
0.15%
2.37%
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H-15
General
Fiscal Obligation
Year Bonds
Monroe County, Florida
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
Less: Amounts
Available in Debt
Service Fund
Percentage of
Estimated
Actual Taxable
Value of
Total Property
Monroe County does not have any outstanding general bonded debt for years 2004-2013
Per
Capita
H-16
Monroe County, Florida
Direct and Overlapping Governmental Activities Debt
September 30, 2013
Governmental Unit
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding Applicable Debt
Monroe County does not have any direct and overlapping governmental activities debt
as of September 30, 2013
H-17
si
Monroe County, Florida
Legal Debt Margin Information
Last Ten Fiscal Years
There are no State laws or County ordinances establishing a legal debt margin for years 2004-2013
J
k
0
H-18
Monroe County, Florida
Pledged -Revenue Coverage
Governmental Activities
Last Ten Fiscal Years
Sales Tax Revenue Bonds
Fiscal
Debt Service
Year
Collections
Principal
Interest
Total
Coverage
2004
$ 15,039,016
$ 3,387,500
$ 750,952
$ 4,138,452
3.63
2005
14,875,923
1,157,500
640,780
1,798,280
8.27
2006
15,201,005
1,187,500
617,630
1,805,130
8.42
2007
15,200,289
1,222,500
593,880
1,816,380
8.37
2008
15,147,595
2,515,000
1,558,694
4,073,694
3.72
2009
13,702,434
3,857,500
1,728,301
5,585,801
2.45
2010
14,085,030
3,997,500
1,588,708
5,586,208
2.52
2011
15,374,998
4,145,000
1,440,676
5,585,676
2.75
2012
16,318,450
4,300,000
1,284,405
5,584,405
2.92
2013
17,172,360
4,465,000
1,120,502
5,585,502
3.07
Note: Details regarding the County's outstanding debt can be found in the notes to the financial statements.
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THIS PAGE INTENTIONALLY LEFT BLANK
fl
-11
f1
COMPLIANCE SECTION
I
1
`% Cherry Bekaert-
so CPAs &Advisors
Report of Independent Auditor 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
To the Honorable Mayor and Board
of County Commissioners of
Monroe County, Florida:
We have audited, 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, the financial statements of the governmental activities, the business -
type activities, the discretely presented component unit, each major fund and the aggregate remaining fund
information of Monroe County, Florida (the "County") as of and for the year ended September 30, 2013, and the
related notes to the financial statements, which collectively comprise the County's basic financial statements,
and have issued our report thereon dated June 30, 2014.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the County's internal control
over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the County's internal control. Accordingly, we do not express an
opinion on the effectiveness of the County's internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph and was
not designed to identify all deficiencies in internal control that might be material weaknesses or significant
deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified.
However, as described in the accompanying schedule of findings and questioned costs, we identified certain
deficiencies in internal control that we consider to be material weaknesses.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct
misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the entity's financial
statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a
deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet
important enough to merit attention by those charged with governance. We consider the deficiencies described
in the accompanying schedule of findings and questioned costs as findings 2013-01, 2013-02, 2013-03 and
2013-04 to be material weaknesses.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the County's financial statements are free of material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and
grant agreements, noncompliance with which could have a direct and material effect on the determination of
financial statement amounts. However, providing an opinion on compliance with those provisions was not an
objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no
instances of noncompliance or other matters that are required to be reported under Government Auditing
Standards.
1-1
1 Responses to the Findings
The County's responses to the findings identified in our audit are described in the accompanying schedule of
' findings and questioned costs. The County's responses were not subjected to the auditing procedures applied in
the audit of the financial statements and accordingly, we express no opinion on them.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and
the results of that testing, and not to provide an opinion on the effectiveness of the County's internal control or
on compliance. This report is an integral part of an audit performed in accordance with Government Auditing
' Standards in considering the County's internal control and compliance. Accordingly, this communication is not
suitable for any other purpose.
�Le
Orlando, Florida
June 30, 2014
1
1
H
1-2
`� Cherry Bekaert
CPAs 6 Advisors
Report of Independent Auditor on Compliance for Each Major Federal
Awards Program and State Financial Assistance Project and on Internal
Control Over Compliance Required by OMB Circular A-133 and
Chapter 10.550, Rules of the Auditor General
To the Honorable Mayor and Board
of County Commissioners of
Monroe County, Florida:
Report on Compliance for Each Major Federal Program and State Financial Assistance Project
We have audited the compliance of Monroe County, Florida (the "County") with the types of compliance
requirements described in the OMB CircularA-133 Compliance Supplement and the requirements described in
the State of Florida Department of Financial Services' State Projects Compliance Supplement, that could have a
direct and material effect on each of the County's major federal programs and state financial assistance projects
for the year ended September 30, 2013. The County's major federal programs and state financial assistance
projects are identified in the summary of auditor's results section of the accompanying schedule of findings and
questioned costs.
Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants
applicable to its federal awards programs and state financial assistance projects.
Auditor's Responsibility
Our responsibility is to express an opinion on compliance for each of the County's major federal awards
programs and state financial assistance projects based on our audit of the types of compliance requirements
referred to above. We 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; OMB Circular A-133, Audits of
States, Local Govemments, and Non -Profit Organizations and Chapter 10.550, Rules of the Auditor General.
Those standards, OMB Circular A-133, and Chapter 10.550, Rules of the Auditor General, 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 a major federal
program or state financial assistance project 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 on compliance for each major federal
awards programs and state financial assistance projects. However, our audit does not provide a legal
determination of the County's compliance.
Opinion on Each Major Federal and State Program
In our opinion, the County complied, in all material respects, with the types of compliance requirements referred
to above that could have a direct and material effect on each of its major federal awards programs and state
financial assistance projects for the year ended September 30, 2013.
1-3
Report on Internal Control over Compliance
' Management of the County is responsible for establishing and maintaining effective internal control over
compliance with the types of requirements referred to above. In planning and performing our audit, we
considered the County's internal control over compliance with the types of requirements that could have a direct
' and material effect on its major federal awards programs and state financial assistance projects to determine the
auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on
compliance for each major federal awards program and each state financial assistance project and to test and
report on internal control over compliance in accordance with OMB Circular A-133 and Chapter 10.550, Rules of
the Auditor General, but not for the purpose of expressing an opinion on the effectiveness of internal control
over compliance. Accordingly, we do not express an opinion on the effectiveness of the County's internal control
over compliance.
Our consideration of internal control over compliance was for the limited purpose described in the preceding
paragraph and was not designed to identify all deficiencies in internal control over compliance that might be
material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies
may exist that were not identified. However, as discussed below, we identified one deficiency in internal control
over compliance that we consider to be a material weakness.
A deficiency in intemal control over compliance exists when the design or operation of a control over compliance
t does not allow management or employees, in the normal course of performing their assigned functions, to
prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal awards
program or state financial assistance project on a timely basis. A material weakness in internal control over
compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there
is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal
program or state financial assistance project will not be prevented, or detected and corrected, on a timely basis.
' A significant deficiency in intemal control over compliance is a deficiency, or a combination of deficiencies, in
internal control over compliance with a type of compliance requirement of a federal program or state financial
assistance project that is less severe than a material weakness in internal control over compliance, yet
important enough to merit attention by those charged with governance. We consider the deficiency in internal
t control over compliance described in the accompanying schedule of findings and questioned costs as item
2013-05 to be a material weakness.
The County's response to the internal control over compliance finding identified in our audit is described in the
accompanying Schedule of Findings and Questioned Costs. The County's response was not subjected to the
auditing procedures applied in the audit of compliance and accordingly, we express no opinion on the response.
' The purpose of this report on internal control over compliance is solely to describe the scope of our testing of
internal control over compliance and the results of that testing based on the requirements of OMB Circular A-
133 and Chapter 10.550. Accordingly, this report is not suitable for any other purpose.
Orlando, Florida
June 30, 2014
1-4
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
Federal/State Agency,
Pass -through Entity CFDA
Federal Program/State Proiect Number
Department of Health and Human Services:
Passed through Florida Department of Elder Affairs and Alliance for Aging:
Title IIIB Community Living Program - 2013
93.044
Title IIIC1 Congregate Meals - 2012
93.045
Title IIIC1 Congregate Meals - 2013
93.045
Title IIIC2 Home Delivered Meals - 2012
93.045
Title IIIC2 Home Delivered Meals - 2013
93.045
Total Program
Title IIIE Caregiver Support Services - 2012
93.052
Title IIIE Caregiver Support Services - 2013
93.052
Total Program
Nutrition Services Incentive Program - 2013
93.053
Passed through Florida Department of Revenue, Agency for Children and Families,
Office of Child Support Enforcement:
Child Support Enforcement Title IV-D
93.563
Passed through Florida Department of Economic Opportunity:
Low Income Home Energy Assistance Program - 2012
93.568
Low Income Home Energy Assistance Program - 2013
93.568
Weatherization Assistance Program - 2012
93.568
Total Program
Total Federal Agency
Department of the Interior:
Passed through Florida Department of Environmental Protection:
US Fish and Wildlife Services:
Clean Vessel Act Grant Program 15.616
Department of Justice:
Equitable Sharing Agreement 16.922
Direct Program:
Bureau of Justice Assistance:
Monroe County Sheriff Office Crisis Intervention Training 16.738
Drug Court Specialized Software and Technology 16.738
Total Program
The accompanying notes are an integral part of this schedule.
1-5
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
Contract Grant Number
Expenditures
AA-1329
$ 14,044
AA-1229
35,404
AA-1329
96,205
AA-1229
55,844
AA-1329
157,493
344,946
AA-1229
13,486
AA-1329
56,328
69,814
US-1351
29,249
CC344 169,836
12EA-OF-11-54-01-019 53,717
13 EA-0 F-11-54-01-019 133,564
12LH-9Z-11-54-01-039 11,267
198,548
826,437
MV022 for CVA10-575 22,970
-- 414,662
2010-DJ-BX-1076 1,896
2012-DJ-BX-0316 8,600
10,496
E.
(Continued)
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
Federal/State Agency,
Pass -through Entity CFDA
Federal Program/State Proiect Number
Department of Justice - Continued:
Passed through Office of the Attorney General:
Victims of Crime Acts
16.575
Passed through Florida Department of Law Enforcement:
Edward Byrne Memorial Justice Assistance Grant - Jail In House Program (Females)
16.738
Edward Byrne Memorial Justice Assistance Grant - MYC Violence & Sub Abuse Prev
16.738
Edward Byrne Memorial Justice Assistance Grant - Samuel's Hse: Ct Mand. Svcs/Sub Abs
16.738
Edward Byrne Memorial Justice Assistance Grant - Heron Peacock: Preventing Recidivism
16.738
Edward Byrne Memorial Justice Assistance Grant - Boys & Girls Club: Smart Kids Program
16.738
Edward Byme Memorial Justice Assistance Grant - Jail In House Program (Males)
16.738
Total Program
Total Federal Agency
Executive Office of the President:
Direct Program:
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
High Intensity Drug Trafficking Areas
95.001
.High Intensity Drug Trafficking Areas
95.001
Total Federal Agency
The accompanying notes are an integral part of this schedule.
I-7
1
1
1
1
1
1
1
1
1
1
Contract Grant Number Expenditures
V 12231 227,526
2013-JAGC-MONR-1-D7-242
16,500
2013-JAGC-MONR-2-D7-031
16,400
2013-JAGC-MONR-3-D7-244
16,499
2013-JAGC-MONR-4-D7-247
16,499
2013-JAGC-MONR-5-D7-126
10,093
2013-JAGC-MONR-6-B2-270
67,000
142,991
795,675
G09M10005A
139,035
G 10M 10005A
2,091
G11 MI0005A
395,426
G 12AC0005A
1,005,205
G 12AC0004A
24,121
G13MI0005A
660,931
G10PR0001A
422,824
G11 PR0001A
503,369
G12PR0001A
3,553,321
G 13PR0001 A
2,459, 855
G11 MI0001A
1,238,688
G 12M I0001 A
6,267,698
G 13MI0001 A
2,399,157
19, 071,721
19
(Continued)
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
Federal/State Agency,
Pass -through Entity
CFDA
Federal Program/State Proiect
Number
Department of Transportation:
Direct Program:
Federal Aviation Administration:
Key West AIP-3744
20.106
Key West AIP-3745
20.106
Key West AIP-3746
20.106
Marathon AIP-4427
20.106
Marathon AIP-4429
20.106
Marathon AIP-4430
20.106
Total Program
Federal Highway Administration:
Passed through Florida Department of Transportation:
Transportation Planning Program 2012
20.205
Local Agency Program: All American Road Signage
20.205
Local Agency Program: Highway Planning/Construction: Old SR940 Leg A BPK Bridge
20.205
Card Sound Bridge Repair Project
20.205
Total Program
Total Federal Agency
Department of Homeland Security:
Passed through Florida Division of Emergency Management:
Tropical Storm Isaac - Sheriff - FEMA-4084-DR-FL
97.036
Tropical Storm Isaac - FEMA-4084-DR-FL
97.036
Hurricane Ike - FEMA-3293-EM
97.036
Tropical Storm Faye - FEMA-1785-DR
97.036
Total Program
Emergency Management Performance Grant FY12-13
97.042
Emergency Management Performance Grant FY13-14
97.042
Total Program
The accompanying notes are an integral part of this schedule.
s
3
1
Contract Grant Number Expenditures
3-12-0037-044-2011
731,352
3-12-0037-045-2011
161,881
3-12-0037-046-2012
2,103,185
3-12-0044-027-2009
116,381
3-12-0044-029-2011
83,329
3-12-0044-030-2012
118,722
3,314,850
25222811407/AQN53
133,258
428298-1 /APW52
555
430193-1/AQE31
250,611
431917-1-38-01
66,814
451,238
3,766,088
13-I S-3 S-11-54-15-526
1,941
13-IS-3S-11-54-15-526
113,917
08-PA-00-11-54-13-509
24,467
09-FA-B9-11-54-00-546
48,593
188,918
13-FG-86-11-54-01-111
29,049
14-FG-86-11-54-01-111
36,712
65,761
(Continued)
1-10
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
Federal/State Agency,
Pass -through Entity
CFDA
Federal Program/State Proiect
Number
Department of Homeland Security - Continued:
Stone Garden Grant - Sheriff - 2010
97.067
State Homeland Security Grant Program - 2009
97.067
State Homeland Security Grant Program - 2010
97.067
State Homeland Security Grant Program - 2011
97.067
State Homeland Security Grant Program - 2012
97.067
Passed through the City of Miami:
Urban Area Security Initiative Grant Program - 2009
97.067
Urban Area Security Initiative Grant Program - 2010
97.067
Urban Area Security Initiative Grant Program - 2011
97.067
Total Program
Total Federal Agency
Department of Energy:
Passed through Florida Department of Economic Opportunity:
ARRA-Weatherization Assistance Program
81.042
Department of Housing and Urban Development:
Passed through Florida Department of Economic Opportunity:
Community Development Block Grant
14.228
Community Development Block Grant
14.228
Community Development Block Grant
14.228
Total Program
Passed through Department of Children and Families:
ESG Emergency Solutions Grant - FY13-14
14.231
Total Federal Agency
United States Treasury Department:
Equitable Sharing Agreement
21.000
Department of Environmental Protection:
Canal Management Master Plan
66.436
Total Expenditures of Federal Awards
The accompanying notes are an integral part of this schedule.
Contract Grant Number Expenditures
14DS-F1-11-54-23-155
45,101
2009-SS-T9-0081
13,967
2010-S S-TO-0092
56,500
201 1-SS-00067
19,910
2012-SS-00109-SO1
34,395
11 DS-32-11-23-02-233
84,339
11 D S-A 1-11-23-02
327,440
12DS-22-11-23-02
58,586
640,238
894,917
13 WX-OG-11-54-01-039
10-DB-K4-11-54-02-K24 440,611
12-DB-05-11-54-01-H15 128,703
12-DB-P5-11-54-01-K47 264,034
833,348
KPZ06 91,752
925,100
266,545
00D03712-0 99,846
$ 26,674,557
(Continued)
1-12
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
CSFA
State A-gency
Number
Florida Division of Emergency Management:
Emergency Management Programs FY13
31.063
Emergency Management Programs FY14
31.063
Total Department
Florida Department of Children and Families:
Criminal Justice Mental Health and Substance Abuse Reinvestment Grant
60.115
Florida Department of Elder Affairs:
Passed through The Alliance for Aging:
Home Care for the Elderly - 2012
65.001
Home Care for the Elderly - 2013
65.001
Total Program
Alzheimer's Disease Initiative - 2012
65.004
Alzheimer's Disease Initiative - 2013
65.004
Total Program
Community Care for Elderly - 2012
65.010
Community Care for Elderly - 2013
65.010
Total Program
Total Department
Florida Department of Environmental Protection:
Small County Recycling
37.012
Bathymetrics Study of Canals
37.039
Mayfield Grant
37.039
Total Program
Clean Water State Revolving Fund Loan
37.077
Total Department
Florida Department of Health:
EMS County Award
64.005
Florida Department of Juvenile Justice:
Intensive Delinquency Diversion Service
80.022
The accompanying notes are an integral part of this schedule.
1-13
Contract Grant Number Expenditures
13-BG-06-11-54-01-044 $ 105,232
14-BG-83-11-54-01-044 4,295
109,527
LHZ237 193,193
KH 1272
9,086
KH 1372
4,643
13,729
KZ1297
46,631
KZ1397
17,482
64,113
KC 1271
245,622
KC1371
103,164
348,786
426,628
324SC 70,588
S0640 97,039
LP44072 8,088,339
8,185,378
WW440710 7,859,814
16,115,780
C 1044 14,502
X1431 101,188
(Continued)
1-14
Monroe County, Florida
Schedule of Expenditures of Federal Awards
and State Financial Assistance Projects
For the Year Ended September 30, 2013
State Agency
Florida Department of State:
State Aid to Libraries - 2012
State Aid to Libraries - 2013
Total Department
Florida Department of Transportation:
Transportation Planning Program 07 - 09
Tom's Harbor Channel Bridge
Small County Outreach Program/No Name Key Bridge
Total Program
Transportation Planning Program 07 - 09
Pigeon Key Ferry Service
Total Program
Key West Airport
Key West & Marathon Airport
Key West & Marathon Airport
Marathon Airport
Marathon Airport
Total Program
Total Department
Florida Fish & Wildlife Conservation Commission:
Boating Improvement Fund
Exotic Plant Control Services
Total Department
Florida Housing Finance Corporation:
State Housing Initiative Program - 2010
State Housing Initiative Program - 2012
Total Department
Total Expenditures of State Financial Assistance
CSFA
Number
45.030
45.030
55.009
55.009
55.009
55.023
55.023
55.004
55.004
55.004
55.004
55.004
77.006
52.901
52.901
The accompanying notes are an integral part of this schedule.
1-15
Contract Grant Number Expenditures
12-ST-38 41,073
12-ST-35 33,866
25222811407/AOU27
1,492
42855015801/APX68
1,176,083
43012113801 /AQE34
41,214
1,218,789
25222811407/AOU27
22,210
41454515802/AQO80
126,267
148,477
4245819401/APT62
595,503
25426929401 /AQE35
136,195
42350519401/AQ931
63,625
42043619401 /AQ606
54,898
43113379401 /AQH 10
29,700
879,921
2,247,187
-- 245,441
08150 57,559
303,000
SHIP 09-10 PLAN 6 YR 3 545,671
SHIP 11-12 PLAN 6 YR 4 23,219
568,890
$ 20,154,834
1-16
q
Monroe County, Florida
Notes to Schedule of Expenditures of Federal Awards and
State Financial Assistance Projects
For the Year Ended September 30, 2013
Note 1 — Reporting Entity
For reporting entity purposes, the Schedule of Federal Awards and State Financial
Assistance Projects (the "Schedule") presents the Federal and State grant activity of
Monroe County, Florida (the "County").
Note 2 — Summary of Significant Accounting Policies
The accounting policies and presentation of the Schedule of Expenditures of Federal
Awards and State Financial Assistance Projects are presented on the modified accrual
basis of accounting and in accordance with accounting principles generally accepted in
the United States of America as applicable to governmental organizations. The
information in this schedule is presented in accordance with the requirements of OMB
Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations and
the Florida Single Audit Act. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of the basic financial
statements.
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MONROE COUNTY, FLORIDA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Part I — Summary of Auditor's Results
Financial Statement Section
Type of auditor's report issued:
Internal control over financial reporting:
Material weakness(es) identified?
Significant deficiency(ies) identified?
Noncompliance material to financial
statements noted?
Federal Awards and State Projects Section
Internal control over major programs:
Material weakness(es) identified?
Significant deficiency(ies) identified?
Type of auditor's report issued on compliance for
major federal programs and state projects:
Any audit findings disclosed that are required to be
reported in accordance with Circular A-133 and/or
Chapter 10.550
Identification of major federal programs and state projects:
Federal Programs:
Unmodified
X yes — no
yes X none reported
yes X no
X yes —no
yes X none reported
Unmodified
yes X no
Name of Program or Cluster
CFDA Number
Executive Office of the President
High Intensity Drug Trafficking Areas
95.001
Department of Transportation
Federal Aviation Administration
20.106
Department of Housing & Urban Development
Community Developmental Block Grant
14.228
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MONROE COUNTY, FLORIDA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Part I — Summary of Auditor's Results (continued)
Federal Awards and State Projects Section (continued)
State Projects:
Name of Proiect CSFA Number
Florida Department of Transportation
Transportation Planning Program 07-09
Tom's Harbor Channel Bridge
Small County Outreach Program / No Name Key Bridge
Key West and Marathon Airport
Florida Department of Environmental Protection
Mayfield Grant
Bathymetrics Study of Canals
Clean Water State Revolving Fund Loan
Dollar threshold used to determine Type A programs:
Federal
State
Auditee qualified as low -risk auditee for federal purposes
Part II - Schedule of Financial Statement Findings
55.009
55.009
55.009
55.004
37.039
37.039
37.077
$ 800,237
$ 604,645
X yes _ no
This section identifies the significant deficiencies, material weaknesses, fraud, illegal acts, violations of provisions
of contracts and grant agreements, and abuse related to the financial statements that are required to be reported
in accordance with Government Auditing Standards.
Finding 2013-01
Material Weakness
Training and Review
Criteria: An effective system of internal control contemplates that management properly maintain books and
record transactions to ensure the accuracy of the financial statements. This includes ensuring that all employees
have the proper training and qualifications in order to perform their assigned functions and that the work
performed is reviewed in a timely manner to ensure accuracy.
Condition: During our audit we noted instances where Finance staff did not appear to have the training
necessary to perform their assigned functions. Additionally we noted a lack of oversight or review of the work
performed.
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MONROE COUNTY, FLORIDA
' SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
' Certain specific instances include:
' • Vacancies existed in accounting staff positions which resulted in a number of accounting issues throughout
the year. At times transactions were not posted accurately or timely.
• Training of new hires was a challenge due to the lack of experience of existing staff.
• Individuals were hired that did not have governmental experience.
' • The majority of the staff in key positions in the Finance office had less than one year of experience.
• Written procedural manuals did not exist.
' Questioned Costs: There were no questioned costs associated with this finding.
Effect: The County books and records on a monthly basis were not up to date and review processes were not in
place.
' Cause: Due to significant turnover in office staff, the Finance Division operated short staffed for most of the past
year. The turnover of staff has adversely affected the Clerk's ability to properly train newly hired staff and to
effectively review their work for accuracy and timeliness.
' Recommendation: We recommend that the Clerk hire sufficient Finance staff with the proper qualifications and
provide them with appropriate training and oversight to ensure that records can be maintained in a timely fashion
in order to provide accurate and reliable financial information.
' Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the
need to be fully staffed and is actively recruiting qualified staff to fill a number of unanticipated vacancies that
' occurred within our Finance Department over the past year.
Management has implemented several standard operating procedures for many of the financial tasks and
responsibilities. In addition, we are developing appropriate training and cross -training programs with commitments
' from other Florida Clerk & Comptroller's Offices who use the same financially accounting software and have the
same duties and responsibilities as Monroe.
Finding 2013-02
' Material Weakness
Monthly close out procedures
' Criteria: An effective system of internal control contemplates that management properly maintain books and
records to ensure the accuracy of the financial statements. Reconciliations of the accounts should be prepared in
' a timely manner to ensure completeness and accuracy of the financial information and to allow for timely
reporting.
Condition: During our audit we noted numerous instances where the reconciliations of significant accounts were
' not performed in a timely manner and where amounts were recorded in error.
Certain specific instances include:
' Reconciliations of all accounts were not done on a monthly basis which resulted in transactions being
posted, in some cases, months after they occurred.
• The books and records for the year ended September 30, 2013 of the County were not finalized until well
after year-end.
' • The reconciliation of the due to/due from accounts between the constitutional officers and the County
were not completed until 4 months after year end.
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I
MONROE COUNTY, FLORIDA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
• Governmental capital assets were not updated in the subsidiary ledger and reconciled to the general
ledger until well after the year end.
• An Airport receivable that had been recorded in the previous fiscal year was still uncollected and
remained on the County's general ledger in January, 2014.
• Expenditures of federal and State awards were not recorded, reviewed and reconciled on a routine basis
and delayed the closing of the books.
• Expenditures for the Cudjoe Key Wastewater project were not recorded in the County's general ledger
and the Duck Key Wastewater expenditures were overstated until reconciliation procedures were
performed and finalized in May 2014. Unrecorded expenditures resulted in unencumbered budget
balances which could result in over -expenditures and budget violations.
Questioned Costs: There were no questioned costs associated with this finding.
Effect: The County books and records on a monthly basis were not up to date and review processes were not
being performed on a timely basis. As a result reports may be filed incorrectly and not on a timely basis. Unposted
expenditures could compromise budget controls.
Cause: Due to significant turnover in the Finance office staff, the County has lost the institutional knowledge of a
number of key employees and has operated short staffed for most of the fiscal year. The undocumented
procedures adversely affected the ability to maintain proper internal controls over the processes necessary to
assure the financial records are accurate and up to date.
Recommendation: We recommend that the hiring of sufficient Finance staff with the proper qualifications to
ensure that records can be maintained and reconciled in order to provide accurate and timely financial
information.
Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the
need to be fully staffed and is actively recruiting qualified individuals to fill a number of unanticipated vacancies
that occurred within our Finance Department over the past year.
Management has documented the purpose and history for several of the functions for staff as well as the related
rules, regulations and guidelines required when analyzing and processing transactions. In addition, management
has implemented several standard operating procedures and best practices, as well as a calendar of events and
deadlines in order to improve timeliness issues.
Currently, management is developing appropriate training and cross -training programs with commitments from
other Florida Clerk & Comptroller's Offices who use the same financially accounting software.
Finding 2013-03
Material Weakness
Prior Period Adjustment
Criteria: In the current year, two prior period adjustments were made.
Condition: During the year ended September 30, 2013, errors were found and corrected in the reporting of the
wastewater projects in the governmental funds and receivable cut-off in the proprietary funds.
Context: Cudjoe Regional Wastewater Project fund balance was overstated, the Big Coppitt Wastewater Project
fund balance was understated, the Duck Key Wastewater Project fund balance was understated, and the Key
West Airport net position was understated. The overall net effect was that the prior period fund balance on the
Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances was overstated and
MONROE COUNTY, FLORIDA
' SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
the prior period net position on the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund
Net Position was understated.
' Effect: The current year fund balance in the Governmental Funds Statement of Revenues, Expenditures, and
Changes in Fund Balances and the current year net position in the Proprietary Funds Statement of Revenues,
Expenses, and Changes in Fund Net Position needed to be adjusted to properly reflect the prior year
transactions.
Cause: The treatment of two accounting transactions was inadvertently erroneous and a current review of these
transactions by management revealed the need for a correction.
' Recommendation: We recommend careful review of all transactions as they occur to determine the appropriate
accounting treatment as well as year-end reconciliation of all accounts.
' Management Response: During the year ended September 30, 2013, errors were found in the previous
reporting of both revenues and expenditures for the wastewater projects and receivables cut-off. Finance staff
analyzed each of the wastewater projects, Stock Island, Big Coppitt, Duck Key and Cudjoe, from their inception.
The years requiring adjustments ranged from 2005 through 2012.
Generally accepted accounting principles require that assessment revenues and the associated interest and
collection fees be treated as unearned until the project is substantially complete and available to the property
' owners. The Clerk's finance staff did a great job identifying the accounting issues in regards to these wastewater
projects and accordingly has since implemented a more automated system of accounting for these transactions.
Agreements were made to advance funds to FKAA to cover construction expenses. The advance payments
' made during each of the project periods were reported as expenditures at the time they were advanced rather
than when the money was actually spent as required by accounting standards.
These reporting issues were corrected in the current year ending September 30, 2013. The results were
' restatements of the beginning balances on both the fund and the government -wide financial statements.
Implementation of a new monthly procedure will be established and be part of the Clerk's monthly reporting to the
' BOCC as part of the Clerk's agenda items. This procedure will be a recap of the monthly expenditures accepted
and applied against the wastewater projects, the amounts received as well as the remaining balances of any
advanced payments.
Finding 2013-04
Material Weakness
Quarterly Reports
Criteria: The Passenger Facility Charge (PFC) Audit Guide for Public Agencies: Section 158.63 requires that the
public agency provide quarterly reports to carriers collecting PFC revenues for the public agency, with a copy to
the appropriate FAA Airport office. The PFC quarterly report must include PFC revenue received from collecting
carriers, interest earned, and expenditures for the quarter; cumulative PFC revenue received, interest earned,
expenditures, and the amount committed for use on currently approved projects.
Condition: Quarterly reports were filed in a timely manner; however, they were not reviewed or reconciled to the
general ledger in a timely manner.
Questioned Costs: There are no questioned costs as the reports have been amended for all incorrect reporting.
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E�
MONROE COUNTY, FLORIDA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Effect: All quarterly reports included minor misstatements prior to our audit; the third quarter was materially
misstated due to an expenditure that did not utilize PFC receipts.
Cause: Lack of internal controls established over reconciling receipts and disbursements reported to the general
ledger as well as review of the quarterly reports.
Recommendation: We recommend that internal controls be established to assure that the quarterly reports are
reconciled to the general ledger on a timely basis so that amounts are properly stated and that the reports are
reviewed prior to submission.
Management Response: Historically, the Clerk's Finance office functioned as the internal control whereby they
would quarterly review the Airports PFC usage and record the PFC activity reclassing the PFC cash. Airport staff
would then prepare the PFC report and submit it to the Clerk's Finance office for review to ensure all activity had
been captured prior to submission of the report to the FAA. Prior year's process narrative documented this
internal control. During fiscal year 2013 the Clerk's office ceased performing this established internal control. We
contend the Clerk's Finance office is uniquely positioned to perform this function. We recommend a return to the
audit function previously provided by the Clerk's office to ensure all activity has been accurately captured by the
Airport prior to submission of the quarterly PFC report.
Part III - Federal Award Findings and Questioned Costs
This section identifies the significant deficiencies, material weaknesses, and material instances of noncompliance,
including questioned costs, as well as any material abuse findings, related to the audit of major federal programs,
as required to be reported by Section 510(a) of OMB Circular A-133.
Finding 2013-05
Material Weakness
Grants report
Criteria: Internal control is a process affected by those charged with governance, management, and other
personnel which is designed to provide reasonable assurance about the achievement of the County's objectives
with regard to reliability of financial reporting.
Condition: Subsidiary schedules that are used to track each grant's eligible expenditures were not kept up to
date in the current fiscal year. These schedules are needed to properly identify the federal and state grant
expenditures in a given fiscal year as the Government Grants Fund includes eligible grant expenditures as well as
non -grant expenditures and County match requirements. Additionally other grants not recorded in the
Government Grants Fund must also be tracked to insure they are properly included in the Schedule of
Expenditures of Federal Awards and State Financial Assistance Projects.
Questioned Costs: There were no questioned costs associated with this finding.
Effect: The County was unable to prepare an accurate Schedule of Expenditures of Federal Awards and State
Financial Assistance Projects until months after year-end when the subsidiary grants schedules were prepared
and reconciled to the County general ledger.
Cause: The grants position was vacant for part of the fiscal year resulting in lack of training when the position was
filled. Considerable turnover in the Clerk's finance staff resulted in a shortage of manpower making the
completion of these subsidiary schedules difficult to achieve in a timely manner.
Recommendation: We recommend the hiring of sufficient Finance staff with the proper qualifications to ensure
that the grant subsidiary schedules be maintained up to date throughout the year.
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J
MONROE COUNTY, FLORIDA
' SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Management Response: Hiring financial positions can be a challenge in the Keys. Management recognizes the
need to be fully staffed and is actively recruiting qualified individuals to fill a number of unanticipated vacancies
' that occurred within our finance division over the past year.
Management has documented the purposes and history for several of the functions for staff as well as the related
rules, regulations and guidelines required when analyzing and processing transactions. In addition, management
' has implemented several standard operating procedures and best practices, as well as a calendar of events and
deadlines in order to improve timeliness issues.
Currently, management is developing appropriate training and cross -training programs with commitments from
other agencies that use the same financial accounting software.
Part IV - State Project Findings and Questioned Costs
' This section identifies the significant deficiencies, material weaknesses, and material instances of noncompliance,
including questioned costs, as well as any material abuse findings, related to the audit of major state projects, as
required to be reported by Chapter 10.550, Rules of the Auditor General - Local Govemmental Entity Audits.
See finding 2013-05.
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MONROE COUNTY, FLORIDA
CORRECTIVE ACTION PLAN
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Section II - Financial Statement Findings
Finding 2013-01
Name of contact person: Amanda Cochran, Finance Director
Corrective Action: See management's response in the finding above.
Proposed completion date: As soon as practicable.
Finding 2013-02
Name of contact person: Amanda Cochran, Finance Director
Corrective Action: See management's response in the finding above.
Proposed completion date: As soon as practicable.
Finding 2013-03
Name of contact person: Amanda Cochran, Finance Director
Corrective Action: See management's response in the finding above.
Proposed completion date: As soon as practicable.
Finding 2013-04
Name of contact person: Peter Horton, Director of Airports
Corrective Action: See management's response in the finding above.
Proposed completion date: Corrective action should be implemented immediately.
Section III - Federal Award Findings and Questioned Costs
Finding 2013-05
Name of contact person: Amanda Cochran, Finance Director
Corrective Action: See management's response in the finding above.
Proposed completion date: As soon as practicable.
Section IV - State Project Findings and Questioned Costs
See Finding 2013-05 above.
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MONROE COUNTY, FLORIDA
' SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS
FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
' Status of Prior Audit Findings:
' There were no findings for the year ended September 30, 2012.
Corrective Action Plan:
I
There were no findings for the year ended September 30, 2012
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` 1% Cherry Bekaert"°
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CPAs 6 Aawsors
Independent Auditor's Management Letter
To the Honorable Mayor and Board
of County Commissioners of
Monroe County, Florida:
We have audited the financial statements of the governmental activities, the business -type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information of Monroe
County, Florida (the "County"), as of and for the year ended September 30, 2013, and have issued our report
thereon dated June 30, 2014. We also have audited the financial statements of each of the County's nonmajor
governmental, internal service and fiduciary funds presented as supplementary information in the accompanying
combining and individual fund financial statements as of and for the year ended September 30, 2013.
We conducted our audit 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 OMB Circular A-133, Audits of States, Local Governments,
and Non -Profit Organizations. We have issued our Report of Independent Auditor on Internal Control over
Financial Reporting and on Compliance and Other Matters, Report of Independent Auditor on Compliance with
Requirements that Could Have a Direct and Material Effect on each Major Federal Program and State Project
Financial Assistance and on Internal Control over Compliance, and Schedule of Findings and Questioned Costs.
Disclosures in those reports and schedule, which are dated June 30, 2014, 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, which
governs the conduct of local government entity audits performed in the State of Florida. This letter includes the
following information, which is not included in the aforementioned auditor's reports or schedule.
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective
actions have been taken to address findings and recommendations made in the preceding annual financial audit
report. No recommendations were made in the preceding annual financial report.
Section 10.554(1)(i)2., Rules of the Auditor General, requires our audit to include a review of the provisions of
Section 218.415, Florida Statutes, regarding the investment of public funds. In connection with our audit, nothing
came to our attention that could cause us to believe that the County was in noncompliance with Section 218.415
regarding the investment of public funds.
Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address in the management letter any
recommendations to improve the County's financial management. Reference to such matters is provided in
separate management letters for each County agency, where applicable.
Section 10.554(1)(i)4., Rules of the Auditor General, requires that we address noncompliance with provisions of
contracts and grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect
on the financial statements that is less than material but which warrants the attention of those charged with
governance. Reference to such matters is provided in separate management letters for each County agency,
where applicable.
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Section 10.554 1 5., Rules of the Auditor General, requires that the name or official title and legal authority ( )(i) 9 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.
Section 10.554(1)(i)6.a., Rules of the Auditor General, requires a statement be included as to whether or not the
local governmental entity has met one or more of the conditions described in Section 218.503(1), Florida
Statutes, and identification of the specific condition(s) met. In connection with our audit of the financial
statements of the County, the results of our tests did not indicate the County met any of the specified conditions
of a financial emergency contained in Section 218.503(1). However, our audit does not provide a legal
determination on the County's compliance with this requirement.
Section 10.554(1)(i)6.b., Rules of the Auditor General, requires that we determine whether the annual financial
report for the County for the fiscal year ended September 30, 2013, filed with the Florida Department of
Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial
audit report for the fiscal year ended September 30, 2013. Our comparison of the financial report filed with the
Florida Department of Financial Services to the County's 2013 audited financial statements resulted in no
material differences.
Pursuant to Sections 10.554(1)(i)6.c. and 10.556(7), Rules of the Auditor General, we applied financial condition
assessment procedures as of September 30, 2013. It is management's responsibility to monitor the County's
financial condition, and our financial condition assessment was based in part on representations made by
management and the review of financial information provided by same.
The purpose of this management letter is to communicate certain matters prescribed by Chapter 10.550, Rules
of the Auditor General. Accordingly, this management letter is not suitable for any other purpose.
Orlando, Florida
June 30, 2014
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