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Fiscal Year 2011
COUNTY,MONROE .FLORIDA - BOARD F COUNTY COMMISSIONERS For The Year Ended September 30, 2011 COUNTY, FL I . F COUNTY COMMISSIONERS Financial St terhent For The Fiscal Year Ended September 30, 2011 -TABLE bF,CONTENTS Table of Contents . A-1 - A-3 Basid Financial Siatemen6 independentAuditors' Report: -1 - B3 2 Fund Financial Statements: Balance Sheet - Governmental Funds C-1 - C- 'Statement of Revenues, Expenditures and Changes in Fund Balances - 'Governmental Funds _ 'C-3 - C-4 Statement of Revenues, Expend€tures nd,Changes in Fund Balances - Budget and Actual Major Governmental Funds: General Fdnd C-5 C- Fine and Forl"eiture,Fund C-10 - C-11 Read and Bridge Fund C-1 Governmental Grants Find C-13 - C-15 Comprehensive Flan Land Authority Fund C-16 Statement of Net Assets - proprietary Funds C-17 "- C-20 ,Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds C-21 - C-22 Statement"of Cash Floe - Proprietary Funds C723 C-26 Statement of Fiduciary Net Assets - Fldoolary,Funds C- 7 Statement of Changes in -Fiduciary Net Assets Fiduciary Funds " -26 [dotes to the Statements � � �� .� � �� � D-1 - D-36 Combinincf and individual Fund Statements an he le � chedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual One Cent Infrastructure Surtax Capital Project Fund -1 Infrastructure -Sales Surtax Revenue Bonds, Series 2007 Capital Projects Fund F-2 All Debt Serulce Funds -3 Combining Balance' -Sheet - Non.Major Governmental Funds � �� F-1 = F1Q CombiningStatement of Revenues, Expenditures and -Changes In Fund Balances - NonMetor Governmental Funds F-11 -"' F- 0" (Continued)'," A-1 COUNTY. .,FLORIDA', COMMISSIONERSBOARD OF COUNTY Financial Statements For The Fiscal Year Ended September 30,: 2011 TABLE OF CON TENTS - Continued cam i i a and Individual , Statements and Schedules (ContinuedL Schedules of Revenues, Expenditures and Changes in Fund Balances Budget and, Actua Special Revenue Furids: Affordable Housing Programs, Tourist Development, All Districts, Two Cent Tourist Development, Administration and, Promotional, Two Cent Tourist Development, District #One Tourist Development, District #Two Tourist Development, District #Three Tourist Development, District #Four Tourist Developrneht, District #Five' Impact Fees - Roadways;, Impact Fees Parks and Recreation Impact Fees - Libraries 'Impact Fees - Solid Waste Impact Fees- Police Facilities Impact Fees -'Fire and EMS Impact Fees - Employee Fair Share Housing Fire and Ambulance, District#1 - Lower and Middle<Keys Upper Keys Health Care Special Taxing District, Unincorporated Area Service District - Parks and, Recreation Unincorporated Are'Service District - Planning, BuildingZoning Local Housing Assistance Municipal Policing 911 Enhancement Fees' Duck Key Security District Boating'Improvement miscellaneous Special Revenue Environmental Restoration, Law Enforcement Trost Court Facility Fees. Drug Abuse Trust Marathon Municipal Service Taxing -Unit Bay Point 'Municipal Service Taxing Unit Big Coppitt unicipal Service Taxing Unit Key Largo Municipal Service Taxing Unit -21 F-2.2 F-23 -2 F-2 F-26 F-7 F-28 F-2 F-30 F-3 F-32 F-33 F-34 F-35 F-3 F-3 F-3 F- - F-40 F-41 -42 F-43 F-44 F-45 F-4 - F-47 F-48 F-49 F-80 F=51 F-5 F-53, F-4 F-55 *' � A-2- MONROE FLORIDA UCOUNTY, BOARD OF COUNTY 1 :1O Financial Statements For The Fiscal Year Ended September'30, 2011 TABLE OF CONTENTS m ire ,- combininn and Individual Fund. Statementsand Schedules 122n2n22g)° PAGE `Stack Islan W6steweter F-56 Cudjoe-Sugarloaf M u_ hicip l Seruicd Taxing Unit � � F-5 � bon ch Key Munieipal1Service Texirng,Unit � � `. F-58 Long Key -Layton municipal Service Taxing Unit F-59 Chuck Key Muni ip l Service Taxing nit _ F-60 Building Fund � � � � � � � F-61 Combining Statement of filet -Assets -'Internal Service Funds G-1 - G-2 Combining t tementof Revenues-, Expenses and Changes in Fund Net Assets - Internal Service Funds N3 - - ` C6ftiniri'c0 Statement of,Cdsh Flows - Internal Service Funds � G-5 - G-6 , OTHER REPORTS Independent eControl i rcil Recrtirg 'and or 'Compliance other matters Based on rAuit of Fr rcel Statements Performed, . in Accordance with-Governnment Auditing Standards Ft-1, - H-2 Independent Auditors! Management Letter H- m H- . A-3. To the Clerk Ex Officio,_Mayor and Board of County Commissioners of Monroe County, Florida: tale have audited the accompanying financial statements of each major fund and aggregate remaining fund information of the onroe County, Florida Board f County Commissioners ,(the "Board")as of and for the" year ended September a0, 2011, which collectively comprise the ,Board's I basic financial statements as listed' in the table of contents. These financial statements are the responsibility- of the Board's management. 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 includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by, management, as well as evaluating the overall financial statement presentation. e believe that our audit' provides a reasonaE basis for our `opinions. As described in Note 1, the financial statements referred to above are not intended to be a complete presentation of the financial position; changes in financial position and cash flogs, where applicable, of the Board. Additionally, the financial statements present only the Board and are not intended to present in its financial position' and its cash flows, where applicable, f the financial position and the changes Monroe County, Florida, taken as a whole, As 'discussed in Notes 1 and 13 to the financial statements, the County has adopted the provisions, of Government Accounting 'Standards card Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions; 'for the year ended September 3, 2011. In our opinion, the financial statements referred to above present fairly,' in all material respects, the respective financial position of. each major fund and the: aggregate remaining fund information of the Board as of September 30, 2011, and the respective changes in its financial position, and cash flows,. Where- applicable, thereof and the respective ,budgetary .comparison for the General Fund, -Fine Forfeiture Fund, Road & Bridge Fund, 'Governmental Grants Fund, and Comprehensive Flan Land Authority Fund for the year then ended in conformity with accounting principles generally acceptedin the Ignited States of America. 01 In accordance with GavernMent Auditing standards, we have also issued- our report dated larch 31 2012, on our consideration of the Board's Internal contr of over financial reporting and our tests of its - compliance with certain provisions of laves, regJatiohs, 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 avid the results of that testing; and not to provide an opinion on the internal control, over financial reporting or on compliance. That report is an integral park of an audit performed in accordance with-Govemt ht Auditing Standards an&should.'be-considered in assessing the results' of our'budit. (fur audit Was conducted for the purpose of forming opinions on the financial statements that collectively, comprise the Board's basic financial statements:. The combining and individual fund: statements and schedules, listed in the foregoing table of contents, `are presented for purposes of additional analysis and are not a required part . of the basic financial staterriei is of the Board. The combining and individual., fund statements and schedules have been subjected ko. the; auditing procedures applied in the audit.of the, basic financial stat rrients and, in our opinion, are `fairly stated in all material respectsin relation to the basic financial statements taken as,a whole. Orlando, Florida March 31, 21 THIS PAGE INTENTIONALLY LEFT BLANK BASIC FINANCIAL STATEMENTS MONROE COUNTY, FLORIDA-BOARD OF COUNTCOMMISSIONERS BALANCE T GOVERNMENTALFUNDS SEPTEMBER 3012011 Fine & Road & Governmental General, Forfeiture Bridge Grants 6ssets Cashand Cash, Equivalents 4,264,047 $ 3,831,382 $ 1,073,926 ' 336,901 Investments 29,606,779 14,210,711 7,681,685 1,773,203 Accounts Receivable, Net 15,911 760,136 - - 4,168 79 726,831 Du&f,rom Other Funds Due from -Other Governmental Units - 1,099,629 715,57*9 453,675 1,956,527 Due frorn Constitutional Officers 4,811,121 1,512,70542 - - Mortgages/Notes Receivable ,928 Allowance forMortgages/Notes Receivable - 120;207 128,508 31,98 8,890 Interest Receivable Inventory Total Assets 2,872 $ 9,920,56 - $ 21',159,021 - $ 9,245,052 4,02,431 Liabilities and Fun_Balances Liabilities: Accounts Payable $ 1;233;503 $ 121,934 $ 15,415 573,330 Retainage Payable Accrued Wages and Benefits Payable 9,101 524,604 - 63,346 67;401 21,2 Due to Other Funds` 420408 - 319,801 1,282 ue to Other Governmental Units 259,613 26,562 _ 12,951 69,688 Due to Constitution l,Officers 6,822 88,398. - - 431,353 90 Other Current Liabilities - - 750 - Deposits in Escrow 131,823 - - 623,459 - 1,756,74 Deferred avenues Total Liabilities 2,585,874 923,699 416,368 2;918,786_ Fund Balances: Nonspendable Restricted, 2,872 100,732 20,235,322 8,828,684 1,883,645 Committed Assigned 9,673,395 Unassigned 27,557,693 - - - Total Fund Balances 37,334,69 '202=322 8,828,684 1,883,645 Total Liabilities and Fund Balances, $ 39 920,566 $ 21,159,021 9,245,052 . $. 4,802,431 The notes to the financial statements are an integral part of these statements. C1 Compreh n i've � ne'Gera Infra I rtx onmajor Total -Plan Land � Infra-5ructure - venue Bonds All � ov" er' n ental. Governmental Authority Surtax Series 2007 ' Debt Bernice - Funds Funds 12,263,736 $ 21753,018 ' 6,3 & 831 858,846 7,1854,321 ; $ 39,550,058 - 19,007,720- 5,029,543 1;331,1 3 48,781,932 127,422,696 - - 192,261 968,387 347,909 ., -�65,902: - - 19,905 1j164,715 21,913 1,167,0'60 d 3,151,027 ' 8,535,41 8,376,579 7;176,13 17,456; 629 ( ,037,322)' (9,080,250) - 32,352, 17,436 5,231. 243,290 637,514 2,872 21,010,192 23101,052 11355,312 �6 2,195,2 0 61,097,046 '193,366,372 . 3,23.1 645,049 �,772 -- 3„146;334 5,740f06 . - 126659 379;221 � 5141-931 , 10,140 - 17,365 _ 1- 802 � 660,695 . 1,431, 59T' - _ - - 94,884 356, 375 - 626 56,066 425,726 - - 134,869 661442 3,251' 135,324 - 155,541 2,535 749= 13,371 769,399 2j574,4,652,343 12,302,914 ` 6,376,57 " - 6;379,451 5,2341771 _ - 22,311,153 11,353,238 '2;195,200 50,332,530 122,575,275 " 7,335,471 - 5,005, 9 5,005,499 " - 1,056,67 .. 18,065,540 " 27,557,693 20,996,821 2,311,153 11,353,236 2,195,200 56,444,703 131,563,456 21,010 192 $ ': 23,101`,052 $ 11,355,312 $ 2,195,200 " _$ 61,097,046 5 193,636,372 C-2 MONROE COUNTY, FLORIDA-BOARD F COMMISSIONERS STATEMENT IT , AND CHANGES IN FUND BALANCES . v T LF FOR THE YEAR ENDED SEPTEMBER.3 , 2011 'Finead Governmental General Forfeiture Bridge Grants- evenues: Taxes 24,123,456 $ 42,017,308` 2,080, 27 $ Licenses and Permits Intergovernmental 7,149,119- 20,662 3,355,160 6,750,507 Charges -far Services. 829,260 4,1716,572 , 86,35Q 132,574, Fines and Forfeitures 10,329 126,048 - - Investment Income 237,583 '160,618 5,439 10,365. iscellaneous 1,247,859 1,760 3,868 40,363- ' Total Revenues 33,597,606' 46,502,968 5,6°13,044 6,933,809 Expenditures:' Current: General Government 25,477,873- Public Safety 1,115,6 44,131,879' 1,073;315 Physical Environment 179,708 - - 156,410 Transportation 102,915 - 3,404,46(J 1,402;421 Economic Environment 579,297 - - 494,489 Human Services 5,716, 59 -2,279,758 Culture and Recreation 2,621,975 - - 59;727 Court Related 3,041,700 1,649,7 - - Capital Projects - _ Debt S rniice 18,981 - - _ Total Expenditures 38,855,104 46282,480 - 3,404,460 5,466,120 Excess/Deficiency of Revenues Over/(Under)°Expenditures (5,257,498) 220,488 ' 2,208,584 1,467,689 Other Financing Sources/(Uses): Transfers from Other Funds 4,364,026 - 475,574 435,158 Transfers to -Other Funds (72,499) (16,667) (857,200) (40 , 23) Debt Proceeds - Transfers from Constitutional Officers 4,7,41 1,488,529 - - Total Other Financing Sources/(Uses) 9,07 ,468, 1,471,862 (381,62) 32,635 Net Change in Fund Balances 3,817,970 1,,6921350 1,826,958 1,500,32, Fund Balance - cto er 1 33, 16,722 18,542,972 7,001,726, 383,321, I an Bala nces- a to er 30 37 334 692 .. $ 20,2 ,322 $ 8,828,684 $ 1,883,645 The notes to the financial statements are an integral part of these statements. C-3 ComprehensiveOne Gera � � Infra Sis Srtx " onmjor, ,. Totl. Plan Land Infrastructure Revenue Bonds All Governmental Governmental Authority Su Series 2007 Debt icy d cad $ _ 15,374,998 _. $. w $ ", _ 3$", 10,319 " 122, 06,30€3` 3,301,929, 3,301,929 3,229,254 5.,062,254 25, 566,956 11, 924, 739 39,1$6 1,03;565 51,100` 133,003 43,76�3 -. 7,657.' �4`19, 22 � �:-. , 1,140,055 4,903 _ 1,536,513 2,907,276 . 3y326,262 15,508 001 43,763 27,657 56,522,763 163,075,878 963,326 - - - 31760,051 - 30,702,281 21,290,336 67',611,426. - _ - - - 11156,140 -1,492,253 - _ - 4,066 4,913662 _ - 19,044 20,732,330 _ 366, 067' : 8,362,584, 1,431,630 4,113,332 410, 55 5,101, 363 78,994 21276,141 - 5,603,172 9,058,307 _ 13,504,305 - 13,523,286 963;326 1,178,994 2,276,141 13,504,305 53„631,104 " . 165,612,034 2,362,936 141329,007 (2,232,373) (13,476,648) 2,341,659" 2,463:844 21t232 (13,760,532) " 13,530,257 5,381,241 : (3,214, 15) ` 24,257,538 ' (23,323,936) , 18,473 - 5,005,734 744,963 5,005,734 7 035;926 161473 03,739, 0} 13,530,257 2,917,443 12,975,262 2,3€.1, 589,757 (2,232,373) 1013,609 5,759,102,E 15,43 ,106.. 16,615,412'- 21,721,396 �_ 13;535,611 2,091,591 ° 50,635,601.. 166,144,3 2 ; _$ 20,996 821 22,311,153 $ 11;353,233 $ 2195,200 56-444,703 $ 161';563,453 w COUNTY,MONROE FLORIDA-BOARD OF COUNTY COMMISSIONERS GENERALFUND STATEMENT V EXPENDITURES, AND CHANGES'IN FUND BALANCEST AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 3,211 Va ria n ce w with, Final' Budget Original Final Positive Budget u a ct al (Negative) Taxes 24,857,417 24,857,417 24;123,456 (733,961) Intergovernmen ta€ 7,030, 75 7,030,475 71149,119 118,644 Charges for Services 640,000 640,000 829,260 189,260 Fines and Forfeitures 9,000 9,000 10,329 1,329 Investment Income 250, 00 250,000 237,583 (12,417) Miscellaneous � 6bo,000. ,,656,67,5 1,247,859 591,184� Total Revenues 33,386,892 33,443,567 33,597,606 154 039 EXPENDITURES: uCurrent: General Government: Board ofICounty Commissioners 1,658,144 " � � � 2,093,144 1,965,441 127,703, County Administrator ; ° 563,588 563,588 551,061 12,5217 Public Works Management 123,238 123,238 121",$66 1,372 County Attorney 1,13 ,325 11132,325 1,071,087 61,238 Office of -Management & Budget 505,189 505,189 367,774 137,41 Technical Services 1,634,150 1,629,550 1,474,067 155,483 Technology Replacement 305,230 305,230 299,61�8, 5,612. Grants. Administration 211,277 211,277 51,579, 159,698 Personnel 339,496 339,496 327,424,12,07 Purchasing 213,051 213,1051 202,646 10,405 Public Works Facilities Maintenance 6,925,763 6,92 ,763 6,143,548 782,215 ADA Compliance 10,000 10,000 - � _ 10,000 Value Adjustment Board 35,000 35,000 25,176 _ 9,824: Lobbyist - 55,000 50,050 4,950 Promotional Advertising 5,000. 5;0,00 5,000 Tax 'IncrementPayment 300,000 300,000 258, 7 41,422 ,Quasi ExternalServices 126;600 125,000 112,648 12,352 Clerk to BOCC-Financial Package 5,000 5,000 � . - 5,000 Clerk Comm & Fees-Noncourt 2,672,523 2,672,523 2,670,620 1,903 Clerk Comm & Fees-TDC 107,31 107,19 107,319 _ Tax Collector, 4,900,000 4,900,000 4,554,106 345,894 Property Appraiser 3,472,124 3,472,726 3,408,757 63,969 Supervisor of Elections, 1,551,374 131,374 1,551,374 80,000 Insurances-Supervisor'of Elections 129,033 129,216 129,216 - Gov't Enterprise Management System . 200,000 200,000 33,918 16 ,032 Tota€ General Government 27,123,824 27,690,009 25,477,873 2,212,13 u lic ety: Hurricane 300,000 300,0013 - 300,000, Emergency Management 182,848 204,948 202,383 2,565 (Continued) The notes to the financial statements are an integral part of these statements. C-5' O ROF COUNTY,;FLORIDA-BOARD OF COUNTY COMMISSIONERS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES I ,,,FUND BALANCES - BUDGET AND ACTUAL _ CONTINUED FOR THE YEAR, SEPTEMBER 30, 2011 Variance, with Final 'Budget Original Final Positive, Budget Budget, Actual (Negative) Marathon Emer Operations Center 70;$60 65,760 35,251 30;479„ Medical Examiner 565,977 566,427 566,369 53 American Red Cross -Lower Keys 5,000 ,000 5,000 Fire Academy 509,039 5095,089 306,363 - 202,226, Total'Public Safety 1,633,774 1,651,224 1,115,896 535,328 PhPical Environment. Extension Service 1€36,491 186,491 179,708 6,783 ,Wastewater Upgrade � 252,725„ 222,725 222,725' -total Physical Environment '439,216 409,216 179,708 229,508 Transportation: County Engineer -355,478 355,478 102,915 252,563 Economic nvir n'rneni: Literacy Volunteers ofAmerica 4,000 4,000 -4,000 Veteran's Affairs 4i4,593. � 471,393 44i,159" 24,234�� Veteran's Affairs Transportation 128,495 131,695- 125;1�36 3,557 Total Economic Environment 607„03$ 607,06$ 79,297 77-791 Human Services: Health Care Respite Act. - 63,629 63,629 Hospice of the Florida keys 145,000 145,000 145,000 Public,Works Animal Shelter 9170,869 970,869 9671504, 3,365 yshore Manor 724,731 737,761 735,346 2435 Middle�Keys Guidance Clinic 215j195 215,195, 215,195 Middle Keys; Guidance Clinic �. "� 30143 - 30.143� �� � � 30,"148 " Middle Keys GuidanceCllnic 69,177 69,177 69,177 - Middle' Keys Guidance Clinic;. �600,000`_� _ 600,000 ,600,000 G,CMK,6akerrnrchmn Transp, 146.000 1 6,000 116-392 29,608 Be the Chng of the FL Keys 25,000 25,000. 24,770 230. Monroe nrcae Cr tyAssoc.,for Retarded Citizens �-� 145,000 �� 145,000 1,45,000" Herorf0e' ecock - � � 45;000. � � 45,000 45,000 -. -Older Americans Volunteer Program � 1 500, � 500 _ � � � 384 1;16 "Welfare, Administration ' 469,992 459,867, 391,445 63,422 Welfare Services 543,200 _373,363. 31.1,843 67,020 Florida keys Children's Shelter. 146,000 ` 146,000 146;000 Wesley House 126,000 120GO 126,000 Helpline 4,000 4,000 4;000 Domestic Abuse Shelter 20,000 2 ;000 16,333 1,667 Florida Keys Outreach Coalition 30,000 30,000 30;000, The notes to the financial statements are an integral part of these statements. (Continued) STATEMENT EXPENDITURES,I FUNDBAL T AND ACTUAL- CONTINUED FOR THE YEAR ENDED SEP TEMBER,3012011 " Variance with Final et Original -Final Positive Budget Budget Actual (Negative) Samuel's House 75,000 75,000 75,000 Grace Janes ,' 30,000, 3,000 30,0 _ womankind 70,000 70,000 70,000 - Rural Health Network 273,600 273,600 273,600 - Rural Health Network STD 60,000 60,000 60,000 - Social,Service Transportation, 735,923 7851248 734,688, 50,560 Keys Area Interdenominational Resources 15,000 15,000 15,000 FL Keys Healthy Start Coalition 5,000 5,000 5,000 Star of the Sea Foundation 30,1000 30,000 30,000 MCSB Pace 57,000 . 57,000 46,725 10,275 Baker Act LK C FS3.463 - 48,612 48,611 1 � Easter Seals Society 1.1,200 ' 111,200 ,617 7,583 Health, Department Lease' 78,000 78,000, 66,000� 12,000 Aids Help 20,000 20,000 20,000 - Independence Cay 15,000 15,000 14,999 1 istoric FI Keys Foundation 28,500 281,50O 28,500 - Good Health Clinic 40,000 40,000 1 40,000 - FL Keys Area Hltn Ed c Ctr 35,000 35,000 33,482 1,518 Total Human Services ,035;085 6,035,1 9 5,716,759 318,430. Culture and Recreation:, Heart of the Keys Recreation 30,400 30,00 29,56 8 Big Pine Athletic Association. 44,000 44,000 29,041 14,959 Boys and Girls Club 35,000 35,000", Upper Keys YMCA 11',400 11,400 11,400 -. Higgs Beach Maintenance 111,831 141,831 107,904 33;927 Lower Keys AARP 4,500 4,500 4,271 229 Middle Keys AARP 4,00 4,500 1 1 2,109,2,391 Big Pine Key RP 4,500 4,500 -4,476 24 Upper Keys AARP 4,500 41500 Fine Arts Council 57,000 57,000 57,000 - Library A in Support 546,178 . 546,178 528;817 17,361 Library Key West ` 660,879 660,879 637,070 23,859 Library Key Vilest Donations 125,414 50,168 75,246 Library Marathon 256;466 2516,466 29,84 7p282 Marathon Library Marathon Donations - 18,727 9,�316 9„411 Library Islamorada 258,994 258,994 246,65 12,359 Library Islaoraa Donations - 495 35 . 460 Library Key Largo 363,070 363,070 354,933 Library Key Largo Donations - 4,15 - 4,185 (Continued) The notes to the financial statements are an integral part of these statements. . C-7 MONROE COUNTY, FLORIDA'-BOARD-OF tOUNTY COMMISSIONFRS GENERAL FUND STATEMENT OF REVENUES, F ITUR S, AND CHANGES I FUND -BALANCES --BUDGET AND ACTUAL.- CC? TI 11F . - FORTHYEAR ENDED SEPTEMBER, 30, 2011 Variance with Final Budget Original Final"Positive' Budget Budget' (Negative) Library Big Pine Key - 2741117 � 274,117 259,444 14,M , Library Big Rine Key Donations ` - 13;697 5,609 ' 8,088 Total Culture and Recreation 2; 7,335 - 2859,853 2'621;975. 237;87 CourtRelated: . Lew Library 54,,628 54,628 5,226 4;402, Guardian Ad Litein 168,148 168,148 160,966 7,1$2 Cl rk.of the Court -General Management, 13,010-13,010,,13,010 Clerk of the Court -Jury Management. 11,985 11,985 11-1985 Clerk of the Circuit Court -Criminal 114,230 114,230 114,230 _ Clerk of the Circuit Court -Civil 81,210 81,210 81;210 Clerk of the Circuit Court -Family 20,830 20,830 20,830 ` w Clerk of the Circuit Court -Juvenile " 16,445 18,445 18,445 bler'k of the Circuit Court -Probate 15,365 15-3615' 15,365 - Clerk -,Records Management 35,400 35,400 35,400 - Clerk County Court -Camino[ 4e.140 94,146 ' 94040 Clerk Count' Court -Civil 44,150 44,150 44,150 - Clrk.Courrty Court=Trofific 114;645 11.4,645 114,645 - State Attorney Public Defender 344,704 344,704 ` 263, 48 81,456 Court Administration 540,968 2;825 , 540,96 - 2,825 ' 521,424 2,467 19;544 358 Court Admin-Judicial Support 124,620 125,970 124,792 1,178 Court Admin-Circuit Ct Reporter Svcs' 1,675 1 67 1,3 6 329 Court Admin-Circuit Chug Court 385,865 385,865 381,323 4,542 CourtAdmin-Pretrial. Release- 496,008. 496,008 488,024 7,984 Court Admin-F mIily Ct Case Mgmt 200,786 200,786 176;656 24,130 Ct. Admin-Other Circuit Court juvenile 50;225 50,975 , 50,403 572. Ct. Admin-1 retriai Svcs [drug Diversion _ 116,601, 116,601 1 6;094 10,507 Court Admin-inform tioh Systems ' 151,554 151,554 151,321 233 Total Court deleted. 3,202,017 . > 3,204,117 3,041,700 162;417 -,Principal M 15,855 20,455 � 18,287` ' 21168 Interest 2,005 2,005 694: '1,311 Total Debt Service 17,860 22,460 . 18,981 3,479 Total Expenditures 42,081,677 -42,834;634, 38,855,104 3,979,530 ices/Deficiency of Revenues_ Over/(Under) Expenditures (8,694,785) (9,391,067) (5,257,498) 4,133,569 The notes to the financial statements are an integral prt'of`these statements. (Continued) C-8 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES; AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - CONTINUED FOR THE YEAR ENDED SEPTEMBER-30, 2011 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Other Financing Sourcesf(Uses): Reserve for Contingencies (718;6;12} (14,424} - 14;.424' Reserve.for Cash Balance (5,442,244) (5,442,244) - 5,442,244 Transfers from Other Funds 4,874,836 4,874,836 4,364,026 (510,810) ` Transfers to Other Funds (500,000) (5818,508) _ (72,499) 516,009 Transfers frormConstitutional Officers 3,200,000 . 3,200,000, 4,783,941 1,583,941 Transfers to Constitutional Officers (526,`112) ___445,510 - 445,510 Total Other Financing Sources/(Uses) 887,868 1,584,150 9;075,468 7,491,318 Net Change in Fund Balanced (7,806,917), (7,806,91-7) 3,817,970 11,624,887 Fund Balancesi October 1 7,806,917 7,806,917 " 33,516,722 25,709,805 Fund Balances, September 30 $ - $ - $ 37,334,692 $ 37,334,692 The notes to the financial statements are an integral, part of these statements. C-9 MONROE COUNTY, FLC} l A- Aft F COUNTY IS IO RS' FINE At, .F RFFITU SPECIAL REVENUE FUND STATEMENT OF REVENUES, X ITURF , AND H' I FUND BALANCES - BUDGETAND ACTUAL FOR THE YEAR ENDED.SEPT EMBER 30, 2011 _ Variance With, Final Budget Original Final, Positive" REVENUES: fidget Budget Actual(Negative) Taxes Interover0rrentl $ 43,631,649 '43,631,649 , $ 42i017,306 1 (1,614-,341) Charges for ervices 30,000 1,565,000 `30,000 1,565,000 2Q,662 4,176-572, (9,336} 2,611,572 Fines and Forfeitures Investment Income "` 250,000 150,000 ,126,046 (2,952) Miscellaneous, " 1 0,000 ,156,650 - 160,616 3965 , TotI Revenues _. 45,626,64945,99;205 65,906 1,760 46,502,963 (64,.146) 903,763 EXPENIJIT'U R 'Current; General Government: .Tax increment Payment 65t�; 00 `,� 50,000� ' 501,031 � �� - 8,9 9 Public Safety. , Sheriff Leuv Enforcement " 19,565;495 19,775,457- 19,706,401 72,056 Sheriff Corrections 19,735,973 19,586,500 19,56 ,033 23;467 Bond Refunds 1EEA Funds 25,000 251000- 221 24;779 Public Works Correction Facilities 75,000 �2,013,450 75;000 �. � 2,01.3,450 � 75,000 1,687,926--"" � 325,524 Medical Air Transport interagency Communications 2,507,046 2,507,047 , , 2,253,5`7 '' 253,47.5 Juvenile Detention Cost Share ; 417,175 461,030 417,175 497,234. 376,515 469,211 ' 40,660 23;023 Total F�ublic Safety 44,620,171 , 4,699,663 44-131,879 767,984 Physical, nvironi m nt, WIasteWater upgrade 59,400 59,400 59,400 Court , elated; - ,Sheriff Extradition,- " ,Sheriff Court Security 50,000 1,605;021,61,039 50,000 ,32,481 17,519 Total Court. Related'1,65Z3,022 - 1,667,069 1,617;089 ` 1,64 ,570," -17 519 Total Expenditures �--47,067,593 47,17 ,352, 46,262„460 393,372 Excess/Deficiency of Revenues Ov r/(Under) Expenditures (1,460,944) (1,577,147�' 220,433 1„797,635 Other Financing c6 ce l(Usc )a - Reserve for Contingencies - (500,E200) (483,797) - 483,797 Reserve for Cash Balance (4,939,773) (4,939,773) m 4,939,773 The notes to the financial statements are an integral pert of these tat ' ts. (Continued) C-10 MONROE.COUNTY; FLORIDA-BOARD-OF COUNTY COMMISSIONERS FINE AND FORFEITURE SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN " FUND BALANCES -BUDGET AND ACTUAL -:CONTINUED FOR THE YEAR ENDED SEPTEMBER 30,2011 Variance with Final Budget Original Final , Positive Budget Budget. Actual (Negative), Transfers to Other Funds (16,667) , (16,667) (16,667) Transfers from Constitutional Officers 1055,000 1,155,000 1;488,529 - 333 529 'Total Other Financing Sources/(Uses) (4,401,440) (4;285,237) 1,471,862. 5;757,099 Net Change in Fund Balances (5,862,384) (5,862,384) 1';692,350 7,554,734 Fund Balances, October 1 5,862,384 5,862,384 18 542,972 12,680,588 Fund Balances, September 30 $ - $ - $ 20,235,322 $ 20;235,322 The notes to the financial statements are an integral part of -these statements. C-11 MONROE COUNTY, L TY COMMISSIONERS.. AND SPECIALROAD BRIDGE V STATEMENTSTATEMENTOF REVENUES,` AND CHA I NGES K,- FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER30, 211 Variance with Original 'Final Frn6l Budget Positive Revenues: Budget ud Actual atl e) Taxes lnterg vernrrrental 2,0601000 2,080,000 2,080,227 227, Charges for Services 3,22 ,000 3,225,000 3,355,160 1 0,1 0 30;160 Investment, lnccs�ne 4,000 4;OOQ 66,350 Miscellaneous 50,000 50,600 56,439 6,439 Total Revenues � 40,000 5,399,000 40,000 5,399,000_ 34,666. ,61.3,044, (5,132) - 214,044 ; Expenditures: Currents Transportation:. Road Department County Engineer Road'and Bridge 2,63 ,527 . 304,621 21635,527 1541,407 - 94,030 g Street- Lighting 304,821 270,305, 34,516 Local l OptionGd Tax Project 253;923 397,563 253,93 3971533 166;77 65 0 60% a a Total Transportation' 725;000 725,000 3446 5,467 53,314 52,116 6,66 4,316, 654 4,3=16,654 3,404,460 912y394 -Excess/Deficiency of kevenues drt(C1 der) Expenditures 1,0629146 1,052, 46 2,206, 64 1, 126,433 Other Finn- ncinourc sf( Uses): (Reserve for Contingencies _ FReervefcrah alarre (721,143) (1,082,722) - 1,032,7 2 . Transfers from {other Fundy „ (1,272,524) (1,272,524) 1,272,24 Transfers to Other Funds:790 Total Other Sourcesf Uses g ( ) 475,574_. 621 621) _ ( } . (904, 475,74 6 7p200 47,421 'Financin (2,784,293) 61,626) 2p402,667 Not ChangeJre Fund,(1,702,147) (1,72,147) ,66,9563,529,105 Fund Balances,October 1 1,70,p147 1p702,147. 7,001,726 — 5,299,579` Fund E alancesa September 30. Y 8,828,684 $ 8,828,684. The ndres`to the fina'ci l statements are are integral part of these statements. C; 12 `.. L REVENUEIFUIND GOVERNMENTAL GRANTS • X M AND STATEMENT BUDGET FUND BALANCE, S - MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMM'ISSIONERS GOVERNMENTAL GRANTS SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES I F [. ALAN S_ BUDGET AND ACTUAL.- CONTINUED,. FC} ,THE- YEAR ENDED SEPTEMBER 30, 1'C Variance with Original Fhial Final Budget, Positive,, M g t v: udget ; Actual Negative) Tom's Harbor Channel Bridged Safety improvement Heritage Trail 1,570,366 179;424 1,390,942 . _ Tr nsp Planning Fro 0 '-09 _ '_ � ` 4,722 Bicycle/Pedestrian Plan 23,366 423,387 263,663 159,72 53,966 Overseas Heritage Trail 107,320 90,209 :. 17r111 Pigeon Ivey Ferry Servic' 342,040, - 42;040 LAP ayfindingSignage �� = 456, 373 � 263,649 � 192, 724 LAP FKSH Interpretive Panels 1,100;000.� � ` 43;219 � �1,051,72 Total Transportation, : 173,703 45,'Oo� ; 10, , 261 471 ; ,100 1,402,421 � 35r90Q. 3,359050 Economic isEnvironment:� FMA Severe Repetitive Loss - Disaster"Recovery CDB" 179,736 179,736 ARRA FL nergy;Comm AR 01Q 2,444, 79, 386,557 2,053,122 Total Economic Environment 2687,233- , 107,93 2; 79,356 5,311,703 , 494,489 4,817,21 � urnan Services: t Residential Substance Abus ,'treatrnen 16,667 Cit/Reentry Diversion Pgm 132,399 66;232, 66,667 ; . ARRA Recoyery Act JAG Program', 2f,698 13,309 6;53 SSG Club Smart Kids, f�rrn. 21,798. 21,790 - _ CiF#L11237 �JIViI CSC RA %il 20823 . ` 4,701 ` 16,122 IVI °C.Middle School Prn,1 - � 824,469 38,805, - 785,664 Prevent Recidivism Fr AM� � 30,500 33,5fi0 - Drug Court 09m thin Lab _ 213,500 3,500° rn VitRecidiyisPrevention 27,636 Title 11113 Supportive Services - 2010 1,304 17,500•, : 21,227 17,500 2,23 . , Title 1I1S Supportive Services - 2011 1 16F500 13 992 T Title IIIC1 Congregate Meals - 009 '. 1,09 6 1,527 14,973 Title 111C1 Congregate Meals - 2010 1;697 Titled 111C1 .Con re ate`Meals 2011 60,805,50,636 169 - .. Title 111C2 Name Delivered Meals-2010 5,348 13,250� 137,763 5,437 Title 111C2,Home Delivered Meals-2011 31,107 . 66,991 1�,116 Title dIII�E,Care iver Support Svow2010, 500 210,832 171,582 39,25Ci _ . Title111-E Caregiver Support Svc-01-1 3,2 6 .,. 6,015 � 2,250 A17heimers Disease Initiative 10/11 � 555 67;560 _. 53,926 0,423 17,137 < Al heirner's,Disesse initiative 11/12 401 63,051 21 . gQmrnunity Carebisabled Adults 09/10 1,096 18,228 44,523 community Care Disabled Adults 1Oil 1'69,165 - � Community Care Disabled Adults 11/12 � '.� 63,79C? 5,395 Community ,Care for the Elderly 10/11 5,570 90;314. �17;329 387,126 356,853 73,465 63 _ The rotes to the financial statements are an integral part of these steternents' (Continued) ._ C-14 . MONROE COUNTY, FLORIDA-BOARD.OF COUNTY COMM-I ONERS GOVERNMENTAL L REVENUE FUND 'GRANTSI STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. - CONTINUED FOR THE YEAR ENDED SEPTEMBER 3 ,2011 Variance it . Final` Budget Original Final Positive Budget Budget Actual (Negative) Community Care for the Elderly 11112 - 143,638 14,831 107,39 13,814 36,246 1,017 Home Care for the Elderly 10/11 83 16,628 6,647 9,981 Home Care for the Elderly 11/12 - 285;627 281,686 3,9 1 Low income Home Energy Program 10/11 - 340,027 1-86,951 153,076 Low Incoe Home, Program 11112 rrt - 119;445 117,999 ,46 ARRA IPRP Grant , ARRA eteiztio ss Program - 85,92 281,Oi14 2,279,758 v 574,288 1,893,96 Total Human Services 34,398 4,173,154 Culture and Recreation: � �_ 85;888 �58,762 27,126� Mate Aid to Libraries 965 96 Historic Marker GATO Bid - 86,853 59,727> 7T726 TotalCulture and Recreation Total Expenditures 228,39934,819597 5,466,120 29,353,477 Excess/Deficiency of Revenues Overf(Under) Fx enditures (228,399) 0,447,029) 1,467,689 2,914,718 Other Financing Sources/(Uses): (194,000) - 194,000, Reserve for Contingencies Transfers from Other Elands 16,667_ 3;828,386 435,158 (3,39;22$) 1,996,566 Transfers to Other Funds (2,399,089) ` 16,667 �� 1,235,297: L402,23) �32,635 � (1,202;662) Total Other Financing Sources/(Uses) Net Change in Fund Balances � (211,732)(211,732) � 1;500.324' � 11712,056 Fund Balances, October 1 211,732 21-1,732 _383,321 171,589 Fund Balances, September 30 $ $ - $ 1,883,645 $ 1,883645 The notes to the financial statements are an integral part of these statements. C-15 MONROE COUNTY, FLORIDA-BOARD F COUNTY COMMISSIONERS' COMPREHENSIVE PLAN,LAND AUTHORITYSPECIAL REVENUE F ,STATEMENTUND OF REVENUES, EXPENDITURESI FUND BALANCEST AND ACTUAL THE YEAR ENDED SEPTEMBER30, 2 11 Variance with Original' Final Final Budget Positive REVENUES:, (� tiv � may. pymental �rye g } � p py�(y (�(� Inve 4i d4sS Y,®Inc 6m , �2129�ifL700 ir��str��r�t Ir�cc�rt�� (�P � � 2,290, . 000 $.3,S22a9,25 ,W"' .939,254 - 40,000 Miscellaneous, Income 40,000 51,100 11,100 Total Revenues''- f330;000' 45,906 45,908, .. 2 ,375,906 3,326,262 950y354 EXPENDITURES: Current. General Government: Administrative 357 Capital Outlay 357,500 10,007,42-0 357,500 295,662 61,33 Tot l General Government ! ' 10y364,92 101053,326 . 667,065 10,410,323 962,727 9,386,263- 0,443,101 'Not Change in, Fu, nd Balances(,0341920) (,034,920) 2,363,535 10,306,455 they F rearSources'/(Use)m Transfers from Constitutional Officers 18,473 16,473 t Change in Fury a'I n ces- Budgetary Basis ,034;920 (, ) (8,034,020) 2,382,008 10,416,928 Balances, ctor 1 10,248,374 10,248,374 10,248,374 ' Fund Balances, September 30 m Budgetary si's 2,213,454 2,213,454 12,630,362 10,416;923 Reconciliation, f Budgetary Basis. Reconciling item o, rtgage receivable Compensation accrual 076,579 (10,.140) ' Fund Balances, eto ben30- GAAP Basis 20,996,821 The not6s try the financial staternents are an" integra I purl of these t emr ts: ' CAA . MONROE COUNTY, FLORIDA-BOARDF C C t i STATEMENT F NET ASSETS ROPRIETARY FUNDS SEPTEMBER 30, 2011 Business -type Activities Enterprise Funds Major Funds IVlunici�al Card Key SvcDistrict o West Waste Bridge: ' Airport _ASSETS Current Assets: Cash and Cash Equivalents Investments Restricted Cash and Cash -Equivalents Restricted Investments Restricted Interest,ecivable Accounts Receivable, Net Due from Other Governmental Emits. Due from Constitutional Officers interest Receivable Total Current -Assets Noncurrent Assets: Restricted Cash and Cash. Equivalents Restricted Investments Restricted Interest Receivable Deferred` Charges, et Land and Other Nondepreciable Assets Capital Assets, Net of Accum. Depreciation Total Noncurrent Assets TotalAssets LIAB ILITIES Current Liabilities: Accounts Payable Accrued Wages and .Benefits Payable Claims and Judgements Payable u to Other Funds Due`to OtherGovernmen al Units Due to Contittonal Officers Accrued Comp: Absences Payable Capital Leases Payable. , Deposits in Escrow Deferred Revenue $ 1,0011,905 $ 896,320 $ 606,530 -` 6,798,311 6,112,527 2,344,353 _ 993,712 . R - 931,953 _ 2,403 41,136 - 572,691 7,977, 1,639 324,945, -4,036, _ 84,969 28,925 " 26,888 - 9,379 8,282290 7,037,374 5,770,935 6,357, - 6x0.14,508'- 1,893,056 - 1,433,895 4,400 . 2,221 269,750. 3,629,620 50,000 9,150,884 250,425 8,879,844 54,082,896 5,783,856 8,929,844 70,954,154 14,066,148 15,967,218 76,725,089 '639,403 1,208 210,157 51,533 34,688 77,370 1,441 1,052 748,165 - 1,200 164,149 50,000 _ - 77,959 . - 8,000 a _ 762,128 C-17 Governmental Major Fundy Activities Internal Marathon Service Airport 'fatal Fund $ 110,944 _ 2, 515,699 -. 4,140,529 1,527,638 16,782,829- 22,781,587, 993,'712 - - 931;953 2,403 30 650 1,044,477 11,361 332 3 $93 83,628 - _$9,0015 165,961 6,777 71,969 101,53 - 1,676,341 22,766,940 27,284,620 6,020,865, 3,326,951 6,621 269,750 1,430,974- 14,261,478 54,000 10,780,269 73,993,434 992,380 ' .12,21-1,243 97,379,099 1,046,330 13,$$7,6$4 120,646,039, 28 331,000 883,324 _ 439,455 15,4.59 179,050 75,376 �= 6,406,742 308,340 308,340 135,439 3$6,097 6,549 165,349 1,847 Y" 5,03$ 6,306 92;265 7`62,123 (Continued) The notes to the financial statements are an integral part of these statements., MONROE COUNTY, FLORIDA-BOARD,OF COUNTY COMMISSIONERS STATEMENT OF NET ASSETS - CONTINUED PROPRIETARY FUNDS SEPTEMBER 30,2011 Current 'Liabilities Payable frorn Restricted Assets: Accounts Payable Retainage'Payable Accrued Interest Payable Revenue Bonds Payable Total Current Liabilities, Noncurre'nt Liabilities: Payable,from restricted assets -Landfill closurelpost closure costs Accrued Comp. Absences Payable Claims & Judgements- Payable Capital Leases Payable Revenue Bonds Payable OPEB Liability - Total Noncurrent Liabilities Total Liabilities NET ASSETS Invested in Capital Assets, Net of Related Debt Restricted for: Debt Service Capital Projects, Landfill Unrestricted mamm" I A Major Funds Municipal Card 'Key Svc Dis I trict Sound West Waste ridge Airport 1,044725- 512,755 1,660 450,000 820,336 38,148 3,977,109 416,651 118,448 70,635, 111,344 129,632 6,053 567-1270 8,255,000 '440,990 250,079 391,046 1,672,991 320,714 8,763,443 2,493,327 358"862 12,740,552 3,262,775': 8,929,844 54,898,965 4,618,155 2,833,212 1,487,162 6,82884 2 1 6,678,512 1,634,205 11,572,821 $ 15,608,356 The notes to the financial statements are an integral part of these ,statements. C_:1 9 Governmental MajorTunds Activitids Internal Marathon' e 1c Airport total Funds - 1,042,725 - - 512,755 - - 1,660. 450,000 498,100 5 333,693 .._ 6,935,007 , 416,651 46,963 34-7,390 137,300 -135,685 _ 567,270 4 $;255,000 1 6,6$8 1,248,803 425,655 , 213,651 10,970,799 562,955 711,751 L6 ,497,962 ___,304,492 12,211,243 79, 02,827 1;046,360 4,618,155 2,833,212, - 1,487,162 964,590, 16100,191 19,786f658 , $ 13,175,833 $ 104,341,547 ` 20,333,035 C-20 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND T ASSETS. PROPRIETARY.FN FOR THE YEAR ENDED,SEPTEMBER 30, 2011 Business -type Activities Enterprise Funds -Major Funds Municipal Card I Key' Svc District Sound West Waste Bridge Airport .Operating Revenues: Franchise Fees. 47,36 $ - - Charges for Services ' 16,961,518 1;007,665 4,86,8 Fines and Forfeitures - - '1,264 Miscellaneous 1 8,008 4,3201 Total Operating'Rev noes 17,445,892 1,007,665 4,875,478 Operating p Personnel Services 1,289,326 830,920. 1,870,412 Operations 14,229;045 14,85 4,912;584 Depreciation and Amortization 67,41 358,708 1,44,325 Asserted and Paid Claims I I- Total Operating Expenses 1,575,783 1,336,513 8,727,321 Operating Income/(Loss)' 1,87 ,109 (328;848) (3,851,843) onopertin evenesl(Expensos): Operating Grants - ,240,60 Grant.and Donations - Other Sources 50,000 - Other Income - PFC - 1,280,770 Investment income 78,678, 49,265 212,336 Insurance Recoveries - Gain (Loss) on;DiIsposition of Assets (183,572) Interest Expenses and Fiscal Charges {26,553) - (177,383) Total on -Operating Revenues/(Expenses) 105,148, 49,265 4372,754 Income/(Loss) Before Contributions and Transfers 1,975,257 (279,583) 520,911 Transfers from Other Funds - Transfers to Other Funds (179,303) (121,362) (,964) Transfers from Constitutional Officers 4,036 - - Capital Grants and Contributions - 1,21,537 Change in Net Assets _ 1,799,990 (400,945) 1,732,484 Total, Net Assets -October 1 9,772,831 16 009,301 62,252,053 Total Net sse - epte ber $ 11,572,821 $ 15;608,356 $ 63,984,537 The notes to the financial statements are an integral part of these statements.,- C-21 Major Funis Activities internal Marath6n Service Airport Total Fuh s - 476,366 757,879� 23,596,94? 21,769,131 430 12,767 345,475 753;309 24;037,344'"" 22114;606 426,946 4,417;604, 1,682,590 966 33 20,255,397 ,971,644, 5341667 2,945,332 6,271 - 17,274;752 1,970;716 , 27;613,333 22,993,257 (1,20,407) 3,530,969 ,651} 146,823 3,387,431 - 50, 000 ' . 1,20,770 10,441 - , 350,720 , 192,569 - 43;164 (180,549) (2 ,896) , (203,936) 157,269 4,634,46 610,837, n (1,03,13} 1, 153,447" ." (277;814)_- 6,964 6,964: -. ( 07,629) (632,937) , 4,036 53,640 1, 272,177 (1,002,534) 2,123;995 (10,751)- 14,176,367 102, 12,552 21,743,789 5 13,176,833 104,341,'547, 20,333,036 mm MONROE COUNTY, I COUNTY CISIONERS STATEMENT PROPRIETARY FOR THE 30,2011 Business-Business-ty a Activities Enterprise Funds, Major Funds unici al Card Key Svc District Sound WeSL Waste Bridge Airport Operating ctivities: Cash received for services $ 17,431,283 $ 1;007;799 4;928,361 Cash rec'vd from other funds for goods and svcs 7,138 ' - Cash received from insurance recoveries Cash received from others-PFC _ - 1,280,770 Cash payments to suppliers for goods and svcs (14,31 ,056) (229,252) (5,399-1287) Cash payments for employee services (719,041) (440,892) (1,123,360) Cash payments to other funds (357,970) (235,038) (493,897) Cash payments for claims Other operating revenue 81008 - 4,329 Net Cash Provided by/(Used in) Operating Activities 2,051,362 102,617 (803 084) NoIncapital Financing ctiviti se Operating grants received - 41,816,721 Transfers from other funds 4,03 Transfers to other funds (179,33) (121,362) (6,964) Net Cash Provided/(Used) by Noncapital` Financing Activities . (175,267) (121, 62) 4,809,757, it l and RelatedFinancing ctivities: Proceeds from capital grants - 4,586,351 Acquisition of capital assets (7,46) (37,602) (31475,256) Principal paid on capital debt (1,032,365)` - (2,835,000) Interest and fiscal charges paid on capital debt (44,512) - (156,968) t Cash Provided/(Used) by Capital and -elated Financing Activities (1,134,341) (37,602) (1,880,873) Investing Activities: Investment income 204,260 121 287 77,321 Proceeds from sales and maturities of investments 7,0 7,545 6,052,693 8,001,680 Purchase of investrnent.securities (7,569,773) (51493,846) . (7,480,251) Net Cash Provided/(Used) in Investing' Activities (297,968) 680,134 598,650 Net I cre se/( ecrease) in Cash Cash Equivalents 443,786 623,77 217241450 Cash and Cashi le tsM October 1 `564,476- 272,533 4,790,300 September 30 1,00 ,262 ' 896,320 7,514,750 The rotes to the financial statements are an integral part of these statements. C-23 Governmental Major Funds Activities, " Internal Marathon , Service Airport Total Funds 633,5017 24,255,390 $. 4,731833 7,138 1.6, 998,357 _'461,717_ � 1,230,770 (1,247,616) `(21,194,211) (209,978) -(2,493;21;1) (9€37,816) . 16,65: (913,300), (32,057) (16,962,276) 430 12,767 ' , 345,515 (400,052) 950,843 258-189 179,236, _ 4,995,959 - -' 6,964 11,000, L07 -629) (632,937) 186,202 4,699,330 (632,937) 268,500 4,854;851 (146,2816) (3,71 ,605) - ; (19,603) - (3, 67,365) ___201,480 122,214 (2,930,602) (19,003) 7,139 430,007 462,1.54 1,233,113 ZZx404,931 ,: 22,991,90.7 (1,304,0.14} ' 21 347,33� (21,064,014) 6,233 987,054 2,390,047 (85,398) 3,706,625 1,996,296. 196,32,- �5,323;651 21�44,233 110,944 9,530,276 4,140,529 (Continued) C-24 MONROE COUNTY,COUNTY STATEMENTFLOWS-CONTINUED, PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30,2011 'Reconciliation of operafing income/(16ss) to, net cashpirovided,byl(used in) operating Operating income/(loss) Adjustments to reconcile operating income/(Ios,$) to net cash provided byl(used in) operating Depreciation and Amortization Nonoperating Income -Insurance Recoveries Chang.` x I., a Liabilities: inAccounts receivable (Increase)/Decrease in Due from other funds, (Increase)/Decrease'in Due from other qoV't, units (Ihcrease)/Decrease in Due fm constitutionalofcrs lhcrease/(Decrease) in Accounts payable Increase/(Decrealse) in Accruedwages/benefits payableIncrease/(Decrease) in Claims/jiudgrnents I ncrease/(Decreas.e) in Due other funds i6crease/(Decreasq) in other gov't units Increase/(Decrease) in,Due to:constitutional • lfcrs !-qreas6) in Deposits,in escrow Increas6/(Decrease) in Landfill Closure Costs 011PEB liability Totaladjustments ProvidedNet Cash • `♦ Operating Activities, Noncash investing,capital,N: financing activities: Gain (Loss) on,dlisposition of Forgiveness of .p Change in fair value of Cash ♦ • Municipal' Card K. District, Sound West BridgeSvc 'Airport $ 1,870,109 $ (328,848) $ (3,851,843) 57,412 358,708 1,944,325 - - 1,280,770 (10,147) 101, 843 7,138 - - 4,069 - 134 {2) (44,691) 46,143 (416) (659,035) (6,566) 2,626 (4,322) (30-1) (13,548) 688 1,052 277,29 623 14,19 .. (62,758) (9,504) (2,321) (500) 4,126 141,671 78,543 123,320 181,253 431,465 " 3,048,759 " _ 50,000 k ,r 1 • • 1 li Unrestricted $ 1,001,905 896,320 $ 506,530 Restricted 6,357 - 7,008,220 Total $ 1,008,262 $. 896,320 $ 7,14,750 The notes to the financial statements are an integral part of, these statements. -25 Govern menta l ,_ Aajor,Rinds Activities Internal: Marathon Service Airport _ Total Funds . $ (1,220,40 . (3,530,989) _ ,651 584,367 2,945-332 64,271. 11280,770 439,164 (1,9 0), _, 39,776 ,22,593 _ 132,548 139,636 4,203 ®. (44,714) - (82,775)" . (32,9,530) (942,333), 202,639 (1,036) (9,300) (4,176") 312,46 243,398 110;549 - -(379) 132,898 411:907 6,549 164,772 - 1,47 (4;751) (79,334) (2,1) (500) 4,126 3,663 407,397 135,065 320,355 41-481,832 1,146,840 (. KO52) 950,843, . ; 58,189. 50,000 (13,071) (296,522) 1.10,.944 $_ , �2,515,699 $ 4,140,529 7,014,577 110,944 9,530,276 4,140,529 MQNROE' COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS STATEMENT OF FIDUCIARY NET ASSETS FIDUCIARY FUNDS SEPTEMBER 30, 2011 Fire and EMS Pension Trust Fund ASSETS Cash and Cash Equivalents $ 107,339 Investments 745,098, interest. Receivable 3,050 Total Assets 8552487 NET ASSETS Held in Trust for Pension Benefits and Other Purposes' 855,487 Total Net Assets $ 855487 The notes to the financial -statements are an integral part of these statements. C-27 COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS STATEMENT -OF CHANGESIN FIDUCIARYT T FIDUCIARYFUNDS FOR THE YEAR ENDED SEPTEMBER 30, Additions: Employer Contributions' Investment Income ;Total Additions` Deductions. Administration Pension Benefits '::Total Deductions Change in Net Assets, Total Net `m October Total Net Assets- September 30 Fire are ensio Trust Fury 30,379 6,021 3 ,400.- (4,358) :. (24,660) (29,01) 7,362 8481,105, 855,487 The notes to the financial t terc��r�t{y r� are integral part of these statements. THIS PAGE INTENTIONALLY LEFT BLANK NOTES TO FINANCIAL STATEMENTS COUNTY,MONROE FLORIDA BOARD OF Y COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 2011 NOTE 1- SUMMARY OF,SIGNI I FICANT ACCOUNTING'POLICIES The following summary of the more significant accounting policies of the crrroe County; Florida oard of, County Commissioners (Board) is presented to assist the reader in interpreting these ' financial statements` and should be viewed as an integral part of this report. Reporting ntity: 'Monroe County, Florida (County) is a on -Charter County established as provided by ArticleVlll Section 1 of the Florida Constitution and Section 125 of the Florida Statutes. The primary government of the County is comprised of the Board of County Commissioners and five "constitutional officers" as follows: Clerk of the Circuit Court, _Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector: Entity status ,for financialreporting purposes -is governed byStatement No. 14 of the _Governmental Accounting, Standards Board (GASB) and Rules of the Auditor General, State of Florida. The GAB is,,' the standard -setting body for the establishment of accounting principles generally accepted in the United States of America (GAA) for governmental entities. The financial statements of the Board, when combined with all of its blended component units and the constitutional officers, -,constitute the "primary government" of Monroe County according to G P.i The primary constitutes the complete GAAP basis financial reporting entity of the County which is presented in the Monroe County,`, Florida Comprehensive Annual Financial Report. These financial statements include all funds of the Board and its "blended" component units, if material. "'Component units" are legally separate entities for which operational or financial responsibility rests with the Board or for which the nature and significance of their relationship to the 'Board is such that exclusion would cause the financial statements to be misleading or incomplete: Since this report excludes the constitutional officers, these Board financial statements do not purport to, reflect the financial position or'the results of operations of Monroe County, Florida taken as a whole. Rather, they have been prepared to provide information at "this level of detail greater than what is available in. the County's financial statements. The,Board of County Commissioners, composed of five members, is the legislative body for Monroe Coun and s such budgets and provides funding used y the separate Constitutional Offices with the exception of fees collected by the Clerk of the Circuit Court and the Tax Collector. 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 excluding those of the Property Appraiser, Sheriff, Tax Collector, Clerk of the Circuit Court and' Supervisor of "Elections, each of which maintains its own accounting syster.. Services provided by the Board and accounted for within these financial statements include police services for unincorporated area of the County; health and social services; emergency medical services; cultural and recreational programs; solid waste services and ether governmental services. Blended component units are legally separate eritities' that are in - substance part of the Board's_- operation, as they either have governing bodies that are substantively the same as the Board or they provide their -services exclusively or almost exclusively to the -Board, The financial transactions of the component unit are merged in with similar transactions of the Board as part of the primary government. D-1 MONROE COUNTY, FLORIDA- BOARD _ OF COUNTY COMMISSIONERS Notes To Financial Statements For the 'Year Ended September 30, 2011 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The blended component units of the Board are as follows: Monroe County Florida Comprehensive Plan Land Authority (MCL& -,The MCLA was created by Monroe.County, Florida'' Ordinance 031-1986 pursuant to Florida Statute 380 and is considered a legal"ly 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 boardand is able to impose; its will.. Therefore, the MCLA, for financial reporting "purposes, is considered a blended component unit of Monroe Courity, ' Florida and is" presented as a' special revenue --fund of the Board and the. County.,Complete financial statements .for MCLA can be obtained from MCLA's administrative.office- at 1200 Truman Avenue, Suite 207, Key West; Florida 33040. Monroe Coa my Industrial Development Authority (MCIDA} -The MCIDA was created by Monroe County, Florida Resolution pursuant ,to Florida Statute 159. ""The MCIDA serves to assist in - fin ancing:and. refinancing capital projects, which will foster economic development in the County: The Monroe County Board of County Commissioners serves as the governing board and is able to impose its will. Therefore, the MCIDA for financial reporting purposes is considered a blended component unit of Monroe County, Florida. The MCIDA is not"legally'required to adopt a budget; however,,, the Board must I authorize. the, issuance of bonded debt. :Neither the MCIDA nor.the Board 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: Basis of Presentation The Board's financial statements are prepared inaccordance with Chapter 10 550, Rules'of the editor - General — Local Governmental EntityAudits Th`e "Rules")',, which .do not require separate financial statements for the. Board 'but which. specify- certain requirements if, such' financial statements are ' Presented. Requirement's include presentation of fund=level and component -unit financial statements. Govern ment-wide'financial statements, related disclosures and management's discussion and analysis Pre not required"by the Rules and are not presented. As such, these statements present information about the Boards' funds, including- fiduciary funds; but do not present a complete presentation of the' Board's financiall position "and changes in financial position; .Separate columns are presented for each major governmental funds and for each major enterprise fund. The fol"lowing are reported as major governmental funds: General Fund -The General Fund is the general operating fund of the Board. All general tax revenues and I 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-io 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. D-2 ; . BOARD OF C `( COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 211 NOTE 1- I SUMMARY OF SIGNIFICTPOLICIES _ (Continued Road and Bridge Social avenue Fund - The Road and Bridge . Fund is used to accot.for all revenues, operating expenditures and capital improvements for, the construction and maintenance of roads -arid bridges which are not grant funded. Governmental Grants Soecial Revenue Fund - The Governmental Grant Fund is used to account for operating revenues and expenditures for all govern ental activity of federal and state grants. Comprehensive la Land uthor'ty Special Revenue Fund The Comprehensive Plan Land Authority Fund is used to operate,a land acquisition program. One Cent infrastructure Surtax Ca it tal roieot Fund The One Cent Infrastructure Surtax Fund is used to account for capital improvements funded:kby the One Cent Infrastructure Surtax. Infrastructure Sales Surtax Revenue Bonds Series :27 Capital roiect Fund "The , Infrastructure Sales Surtax Revenue Bonds, Series 2007 Capital Project Fund is . used to account for the proceeds of this bond issue. All Debt Service fund — The All Debt Service Fund Debt,Service Fund is used to account for accumulation of resources for, and payment of, interest and principal, on the, long -termdebt incurred in the issuance of various revenue bonds. The following are reported as major enterprise funds: unicipal Service District- rite = 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 ridge. d The Card Sound ridge Fund is used to account for the operations of Monroe Coun l 's Card Sound Toll ridge. 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 Co nty`s Marathon Airport. The ord 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 toother departments of the Board 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 volunteer firefighters and emergency services length of service award plan; and therefore, not available to supportBoard programs. D- MONROE COUNTY, FLI i3OARD. OF COUNTY"COMMISSIONERS Dotes To Financial StatementIs For the Year Ended September 30,,2011 ,NOTE1 - SUMMARY. SIGNIFICANT ACCOUNTING POLICIES,- (Continued) Measurement Focus and Basis of Accounting Governmental fund financial statements ' are reported using the current financial resource ' measurement focus and the modified accrual basis of 'accounting., Revenues are I -recognized when . they become susceptible to accrual; that is, when -,they become both °'measurable" and "available" to finance expenditures of the current period The Board considers amounts cIollected within 60 days - after year-end tee be,av ilable and thus recognizes then as revenues of the current year,, except for property taxes since such'tax s are collected to fin nce- expenditures of the s bse ber t period. ` Expenditures are recognized in the accounting period in whidh the related fund liability is incurred; if measurable. Principal and interest on general long-term debt are recorded as fund liabiliitie's when due or when arr ounts- have been accumulated in the.debt service fund for payment to be -made early in the following,'year: In,addition, expenditures related to compen ated'absences are 'recorded only when leave has been taken. Revenues of the Board, which are susceptible to accrual under, the modified accrual- basis of accounting,, include property taxes, gas taxes, sales taxes,_ interest 'revenue; and charges for services. In applying the . susceptibility-to=accrual concept to intergovernmental 'revenues, the legal and contractual requirements of the numerous individual programs 'are used as guidance: There are; however, essentially two typos of these revenues. In one, monies must be expended for the specific purpose or project before any amounts will be, paid to the- Board; therefore, revenues are recognized based upon the expenditures. recorded. In the other, monies _am virtually unrestricted as to purpose of, corn liarice-re uirements, such as with equal employment ment opportunity. allure s comply with: I reflected expenditure and substantially irrevocable, i.e., revocable only,for ` p -requirements,- q y..These rescs�irdes ire 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 revenue. Ohce the funds _are,received,'revenue and cash are recorded, and the receivable and deferred revenue are eliminated. DeferredrevehL e--alse ;inchides unearned revenue.when receipts have not met all of the earning requirements. " -The proprietary, fund and pension trust fund financial statements rise a flow of"economic resources measurement focus and the accrual basis of adcountipg Revenues are recognized when earned and = expenses are,recoinizedwvhen incurred,-regardless�of When the related dash- flows fake place.' � Non-exchange transactions,' -in virhich'the board gives (o.r receives) value-withoutdirectly receiving (car. giving) equal ` value inr exchange, include grants. On an "accrual basis,, revenue from grants, is recognized in the fiscal year in which all eligibility requirements` have been satisfied. Proprietary finds distinguish operating revenues and,ex ev es from ninoperatin items.Operating revenues and expenses generally result from providing services and producing and delivering goods in: connection with a proprietary. fund=s: principal ongoing operations; The principal operating revenues of the Board's enterprise funds are charges to customers for sales and services. Operating_ expenses for enterprise. fulndsinclude the cost of sales,and mseides, d isnistrattionexpenses, and depreciation on capital assets. All revenues and exp enses s are reported as 'ncinoperating -revenues ,and expenses. . D-4 :�x'U • � • ai • i 4., # M r`► ii'* #' rn ♦i'^ `�w w 1Y • i w * w', ! # • i i *•, i rM.�,'i � • :..♦ Wr ei « « • e �iii ♦ w i i i i • '� • ♦ i is • * w .w i l.... i * i #.. i i ., w ., #. ,. ♦ • i ♦ � „ * i, i i w. w ,� . w �, MONROE FLORIDA TE l,'SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES'- (C9ntin .. '. 10) All appropriations ,lapse at year end. Encumbrances., - Encumbrance- accounting, under which" purchase orders, contracts, and; other' commitments for the expenditure of money are "recorded in the restricted, committed or assigned fund balance classifications, and is employed as an extension of the statutorily °require 'budg tart' process, Under Florida Statutes, appropriations, even if encumbered, lapse at.frscal year end. It is the Board's intention to substantially honor these encumbrances wider authority provided in the subsequent year's budget. " Cash and. Cash Equivalents--=" Cash balances from the, majority of, funds are pooled for investment p,cas h '`Earnings from such investments. are allocated to the respective funds based on applicable participation by each: fund. The investment pools are managed such that all participatingfunds, have'thia 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 from the pools;_ those, - w.hich are highly liquid (including restricted assets), with :art 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°funds1n the following: 1) -_The Florida Local Government Surplus Funds Trust Fund Investment Fool (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. ) United, States Government Agencies -- Sands, debentures, notes; callebles and fixed rate mortgage -backed securities' issued or guaranteed by United Metes Gdverr rnent Agencies,,, provided such obligations are backed by the full faith and credit of the United States: 4) Federal Instrumental iti s (United States Government -sponsored agencies) senior` Obligations, which. include bonds, debentures, notes, callables and_ fixed rate mortgage - backed securities issued or guaranteed y Unite States ov rnmIent-sponsored agencies (Federal Instrumentalities). These are lirmited-to the fdiiowing; Federal Farris Credit'Bank`(FFCB) Federal Florae Loan Barak or its County batiks (FHL ) Federal. National Mortgage e Association (FNMA) Federal loom -Loan Mortgage Corporations (Freddie -Macs) including Federal Houle 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�t e laws of this state and/or in national financial "institutions organized under the 1aws cif the United States and doing ;business and situated in the Mate of Florida, provided ,that any such deposits are secured by the Florida Security, for Public, Deposits Act, Chapter 230,> Florida Statutes. -Additionally, the financial institution shall not be listed with iany recognized credit match information service. 6) Registered Intoestrnent'Corrrpanies (Money- Market,, Mutual Funds) —, Shaies'in ripen -and and no-16ad"Money Market Mutual Funds' provided such funds are registered cinder the Federal Investment Company Act of- 1940 and operate in .accord n with 17 C.F. . b- COUNTY,MONROE s• r; IVOARD OF COUNTY COMMISSIONERS Notes To Financial Statements, • 'r •'♦ 'j4«, NOTE 1-_SUMMARY OF SIGNIFICANTPOLICIES - (Continued) 270:a-7, which stipulates that money market funds must have an average weighted Maturity f 90 days or less. In addition, the share value of the,money market funds most 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 by Board departments, are reported as accounts receivable. Receivables are reviewed periodically, to establish or update the provisions for uncolleotible amounts. These provisions are estimated based on an analysis of the age of the various accounts. Interfund Balances and Activity - During the course of normal ,operations, the Board 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 s ice fund charges, which are reflected as revenues to, internal service funds and e penseslexpendit res to the funds receiving the services. Additionally, short -terra in erfund 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 spendableform and are not expected to be converted to cash. Capital Assets - Capital assets of the Board include property', buildings, equipment, and infrastructure assets (e.g. roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems). Constructed or purchased assets are recorded at historical or, estimated historical cost at the time of purchase. Donated assets are recorded at estimated fair market value at the date of donation. Capital assets associated with business -type activities and the internal' service funds are presented in the Board's basic financial statements. Capital assets associated with the Board's governmental activities are presented on the government -wide financial statements of the County, rather than on the financial statements of the Board. The Board aintains_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 improve tints for roads, water, sewer, landfill and drainage infrastructure are capitalized when the cost amounts o $250,000 while park additions and improvements are capitalized at $25 000. M MONROE COUNTY, FLORIDA T 1 - SUMMARY OF SIGNIFICANT ACCOUNTING P LI I -- (Continued) When the ll CLA acquires lard by donaticin, the rise(" is record d at the Authority's transaction deist plus the ,higher of the tax assessed value at the, time of donation or 11 % of the 1986 tax assessed value, D pr ci tio-n has: been provided Using the straight -lire method. The estimated useful lives'of the various classes of depreciable capital assets are as follows., Life - Yearn Buildings. 10-50 Equip e' nt 5-10 Infrastructure 10-50 Public domain infrastructure 20750 Cppcity rights 99 p city rights represent an intangible asset that arose from a contract with, a private wastewater cp r for that included wastewater, processing capacity fir 1;500 equivalent dwelling units -fear, a period of 99<years; C ria icarti d [ bt lss anc a<b ns Un rricrtiz d, debt, issuance expense,of the enterprise funds is, reported s a deferred, charge and is amcrtizad,by, using the straight -lire method aver the life of the debt." ai�i en aced Abse aces Beard policy permits employees to accumulate a limited amount of annual and sick leave; which will be p od to employees upon, termination of e iployment Accum'ulat d ar mail and sick leave is accrue, d When earned in the proprietary find financial statements.-- dr.t e:prcpriet ry finds, an expense and a liability, are recorded as the leave is "earned. Corripprisated absences` asslociat d ;with the Board's governmental activities are presented n the goo rn' eat -grid financial scat ments;df the County, rather than on the financial statements -of the Bo4rd. .1. a MONROE COUNTY, . FLORIDA COUNTYBOARD OF I I Motes To Financial Statements For the Year Ended September 30, 2011, NOTE 1 - SUMMARY,OF SIGNIFICANT ACCOUNTING POLICIES-'( o ti e ,) , Long -Term abli atq ions - Long-term debt is reported as a liability in the proprietary fund statement 'of net assets. Long-term debt associated with the Board's governmental activities is presented on the government -wide financial statements of the -County, rather than on the financial statements of the Board.' In the Board's,governmental fund financial statements, the'face amount of debt issued is reported as'another financing source, while principal payments are reported as expenditures., roomy Taxes - Prop taxes, based on assessed values at_Janary 1, are levied and come due and payable on November 1st of each year: _A four percent discount is allowed if the taxes are paid in ovember, 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 a month, of any unpaid taxes and assessments must be sold not later than June 1st of each year.. No accrual for the property tax levy eco i g'due in November o 2g12 is included in the accompanying financial' statements, -since such taws are collected to finance expenditures of the subsequent period. Fund Balance Policies — The Governmental Accounting Standards Board (GAS) issued Statement No, 54, Fund Balance, Reporting and Governmental Fund Typeefinrition (ASB 4). one objective of this .standard was o improve, including the understandability, the. usefulness of fund balance information by providing clear.fnd` balance classifications. GASB 54 requires local governments to focus on the constraints imposed upon resources when- reporting fund balance in governmental funds. The fund balance classifications indicate the level of constraints placed upon how resources can be spet'and identify the sources of those constraints. The following five classifications serve to',infrm-readers of the financial statements of the extent to which`. the Board is bound to honor constraints on the specific purposes for which resources in a fund can be spent. ,GASB 54 abandons the reserved, unreserved, and designated classifications of fund, balance and replaces them with five classifications; .,nonspendable, restricted, committed, assigned, and unassigned. Fund balances of governmental type funds are classified as follows: onspendable — 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 amou ts,,,assets held for sale,_ and long-term receivables. 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 (ordinance/resolution) of the card of County Commissioners, the ounty's highest level of decision making authority: Commitments may be changed or lifted only, by. the Board of, County -Commissioners taking the same formal action (ordinance/resolution) that imposed. he constraint originally. D-g MONROE COUNTY,-,FLORIDA BOARD OF COUNTY COMMIS sIQN R Notes To Financial Statements For the Year Faded September 30, 2011 1 -SUMMARY OF SIGNIFICANT ACCOUNTING- LI I - (Continued) ; Assigned - Include amounts that are intended by the` Board to by used for specific purposes, but are.neither restricted nor ecommitted. The, County Admilhistretor, will, have the authority to assign fund balance based on intentions for use of fund balance communicated by the Board. Undssianed This is the residual classification of the General Fund, ONy the I' eral 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 assign d.' Unesdigped fund balance fides riot necessarily represent arnount df fund balance that.can be appropriated. TheBoard- has the responsibility of responding to emergency disaster and will set a goal of $10 million in disaster reserve funds, however, the disaster reserve fronds were not adopted in ordinarioeire blution, form and was not part of the September 30, 2011 budget. Therefore, the disaster reserve 'was not reported as committed. It is also the goal of the Board to achieve and maintain an, unassigned General Fund balance equal to four months of budgeted expenditures;, however, it,wasnot adopted in ordinance/resolution form: A portion, $5,350,356, of theircgbal was reported as unessigned,furtd balance. The bounty spends restricted amounts first, when bothrestrictand unrestricted fund baldi7de is available, .unless prohibited, by legal documents; grant agreements or contracts. Additionally the County us s committed fund balance, followed by'assigned fund balance and then un dsigned fund balance when expenditures are incurhad jor purposes for'which amounts in any, of the unrestricted fund balance classifications could be used. GASB5 was implemented this fiscal year in accordance with its effective, date. Fund_Defidits-There are -no fur'd•deficits toreport at- eptember30, 201-1 Excess"of Fxrienditureser Aprot)riations -There are no excess of eperiittares river appropriations to report at September 80, 011'; Net Assets - Netassetsin the proprietary fund financial- statements are classified as invested -in capital assets, net oaf related ,debt; restricted; and unrestricted. Restricted ,net sects total $3,938,529 which represents constraints _ on resources that * are 'either externally imposed by creditors, grantors, _ contributors, or laws or regulations of other o ernriientd or.irnposed by law,through.'state-stptute. - NOT 2�' CASH, CASH EQUIVALENTS AND. INVESTMENTSThe Board maintains a,cash and -investment pool that is available for use by all ,funds except those whose cash and investments must be segregated due to bonId covenants or other legal restrictions. As of September 30, 2011, except for the Pension Trust `Fund cash of $107,339 and inve11 stments of $745,093, "t b carrying value of the Board's deposits and investments, with their respective credit ratings, are asfollwso D-10 , MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 2011 NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS - (Continued) Credit Les's than 6 6 Months to: Investment -Type Rating : Fair Value Months 1 Year _ Ito 3 Years Demand and Time Deposits N/A $53,220,863 $51,220,863 $ $ 2,000,000 US Treasury Notes AA+ 67,063,085 28,007,849 25,850,627 13,204,609 Federal Agency Bond tNote, AA+ 103,68.5,970 31,988;009 27,220,377 44,477,584 Commercial Paper A-1+ 496,961 496,961 - - Total Fair Value: $224,466,879 $111,713,682 $ 53,071�,004 $ 59,682„193 Credit Risk — The Board's Investment Policy (Policy) limits credit :risk by restricting authorized investments to the following: Florida Local Government Surplus Funds Trust Fund Investment Pool administered by Florida's State Board of Administration (a 2a7-like pool), direct obligations of the United States or its agencies and instrumentalities, money market. mutual funds, and Intergovernmental Investment Pools authorized by the Florida Statutes. The Policy requires that investments in federal instrumentality debt, be, guaranteed by the full faith and credit of the U. S. Government sponsored agency, and that investments in money market mutual funds have a rating of, 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. 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% nla United States Government Securities . 100% nla' United States Government Agencies 500l0 1-0°l0 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°l0 10% lntergovernmental Investment Pool 10% nta At September 30, 2011, the portion of the ;Board's investment portfolio investedin Federal, instrumentalities is detailed as follows: Percent of Issue Investment Portfolio Fannie Mae 0.29% . Federal Home Loan Bank 13.51 °to Federal Home Loan Mortgage Corp (of which 3.40% is callable) 17.13% Federal National "Mortgage Assoc - 26.14% Federal Farm Credit Bank'.3.48% ME MONROE 'COUNTY; FLORIDA NIOTE`2 - CASH, CASH EQUIVALENTS AND INVESTMENTS, _ ( oritihued) Custodial Credit Risk -The policy requires bank deposits secured a s'provided by chapter-260; Florida. tatlutes. This lair requires local governments to deposit funds only in financial institutions -designated ` a qualified publicdepositories by the Chief Financial Officer of,thy: tateIof lend . Demand n t me deposits, are fully insured by the FDIC for the first $250,000 at each, institution and the remaining balances `are insured 1 0% by the State : Florida collateral pool, a multiple institution pool with the ability to assess its members rs for collateral shortfalls if a member institution fails: The Policyrequires execution- of a third -party. -custodial safekeeping agreement for all purchased securities; and requires that securities be held in the Board's. narne. As of September 30, 011; all of the Board's investments are h ld in a bank's trust de partrhent in the Board's hare, Interest Rate Risk The, Policy, limits the investment of three months of operating `expenditures, to twelve months. The Policy limits the investment of non current operating funds to five years.. Restricted The Board, excluding ' the Pension Trust Fund, has, the following unrestricted and restricted dash and cash equivalents at September 30,, 11: = Lbcal Government Demand. `�, Unrestricted Cash Cash Equivalents: Surp� s Tryst 'Total _Deposits Fund Goverriment i,Activities` Governmental -Funds` 154,717 3,95,341 $ 39;550,056 Internal Service Funds 4,140,529_ r _4',140,529 Business -Type Activities 2,51 ;699 - 15 699 Total Unrestricted Cash & Cash Equivalents 154,717 4 ,051,569 . 46.206,266 Restricted Cash and Case Equivalents - Business --Type Activities` ' 1;046 7,013.53-1� 7014,577 Total Cash and dash Equivalents -4 �61ZZC63. NOTE 3 - RESTRICTED ASSETS, Restricted assets in the enterprise Funds include those'create'd by resolutions adopted by the Board for the landfill, escrow account, airport passenger facility charges, and the issuance of, Frey W6st Airport Revehue Bonds. Total restricted assets asof September 30, 2011 are as follows: Cash and, Cash interests, Equivalents Investments, Receivable', Total'. itfldnlcipal C?istrict�- Landfill Closure Escrow `6,357-1,893,056 4,400, $ 1,903,' �13 FC�st Airport Passenger Facility Charge 1,564,034 735,722 1,161 2,300,937 Sinking' Fund 1,591,541 - 1,591,541 D-1 MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Dotes To Financial Statements For the Year Ended September 30; 2011 NOTE 3 - RESTRICTED ASSETS - {Continued} Cash and Cash Interest Equivalents Investments `Receivable Total Renewal and Replacement 5,417 523,415 1,040 " 529,872 Debt Service Reserve 2,759,567 - 21759,567 Construction Fund' 993,712„ 931,953 2,403 1,928,068 -Operating Reserve 87888 174,758 - 262,646 Arbitrage Rebate 6,061 - 6,061 $ 7",014,577 $ 4;258 904 $' 9,024 $ 11,282,505 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: Allowance for Accounts Accounts 'Uncollectible Receivable, Service Provided Receivable Accts Net Governmental Activities: General Fund Misc $ 19,507 $ 3,596 $ 15,911 Fine & Forfeiture Fund AirAmb Svc, 4,096,811 3,336,675 760,136 Governmental Grants Misc 561 482 79 Nonmajor Funds: TDC Two Cent Misc 185 - 185 Fire & Amb Dist 1 Fund Ground Amb`Svc' 1,609,316 1,416,340 191,976 Misc Special Revenue Misc 100, - 100 Internal Service Funds Misc 14,183 2,802 11,381 Total Governmental Activities 5,739;663 4;759,895 979,768 Business -Type Activities; . MSD-Waste Fund: Tipping Fees' 24,524 4,300 20,224- Waste Assessments 569,737 540,914 28,823 Solid Waste Franchise 392,089, - 392,089 Key West Airport Rent, Misc 635,611 62,920 572691 Marathon Airport Misc 30,650 _ 30650 Total Business -Type Activities 1,652,611 608,134 1,044,477 - Total Accounts Receivable $7,392,274 $5,368,029 $2,024,245 The .Board approved an air ambulance billing write off during the year of $961;699 and a ground ambulance. billing write `off, of $284,954. D-13 MONROE COUNTY, FLORIDA, BOARD OF COUNTY COMMISSIONERS Notes -To o Financial Statements, ° .For the Year Ended September 30, 2011 T - MORTGAGES RECEIVABLE, ' mortgages receivable at September ,30, 2011 consist of the folio' [oior �oernrrieritdl F�iiid�° .aovernmentol Grants Fund Second, itcart e :Receivable', from iridividiiel, 9 g ° 'collateralized by personal residences. The entire amount of the loon will e forgiven otter o five-year period at a rate of one fifth per year; beginning on the anniversary of -the completion of the construction of the improvements, funded by the mortgage, provided that the mortgogor 6or-hpl(es with .the,, mortgage covenants, " ,242 Second- Mortgages Receivable from individ6aIs, 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 (1' at 'which- time the loan is fully forgiven. In., vent of sale/transfer of property or occupancy the prorated principal,_ balance is die in full 'within thirty (30) days of aleitransfer or -cessation of primary residence, < 37666 Gorrtorehen�ive flan Ldii Aiathorit� Fi�nd_ , 42,92 ,. First mortgage due from governmental agency,, oollaterali�a by ling, payable in foil April 2°026, interest free 362',554 'Second mortg ge'due from governmentalagency, collateralized, by land, payable in full November 2034, interest free 1,500,000 Second mortgage dine from governmental agency; collateralized by land, payable in fill January 2034, interest free 2,210,000 First mortgage dire from governmental agency; collateralized by land; payable in full September 2045, interest free 9;025 Third mortgage due from private company,collateralized by land; payable in full May 2050, interest°free s 1,08 ,000 Third�mortgag due from private company,. collateralized ,by land, payable -in full September 2053, interest free 1,500,000 Second mortgage die from governmental agency, . collateralized by land, payable in fill ,lily 2040; interest free:6,000. Third mortgage dine from g6vernmental agency, collateralized by land, forgivable July 2040, interest free 300,000 ,376,579 D-14 MONROE COUNTY, FLORIDA' BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For.the Year Ended September30 2011 NOTE 5 - MORTGAGES RECEIVABLE (Continued) Nonmaior Governmental Funds: Local Housb 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 Eby, , 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 ` t-'f 'd in`fu11 within first 18 months of repayment period then interest 135,015 annum, excep i pal rate shall be.0% from the date when the first payment is due. 25,364 - 9;037,322 . Total Mortgages Receivable $17;456,829 The mortgages receivable associated with the Governmental Grants are ' offset by an allowance for uncollectible accounts of $42,928:. As the mortgages receivable associated with the Local Housing Assistance fund are intended to ultimately be forgiven, an allowance for .uncollectibleaccounts of $9;037,322 has been established. The Comprehensive Plan Land Authority Special Revenue Fund has an unspendable fund balance of $8,376,579 which represents the mortgages receivable that cannot be spent because they, are, not -in spendable form. This also represents the primary difference in fund balance for the Comprehensive Plan Land Authority Special Revenue Fund on a GAAP basis versus the budgetary basis. D-15 MONROE, COUNTY, FLORIDA T" 6 `_ CAPITAL ASSETS Amounts associated with the: Board's, governmental activities` capital assets; related accumulated depreciation, and'depreciatio ' expense are reported on the rgovernment-pride financial the County, r thler than on th financial'st statements of . tem nt ',of the Board. Amounts associated ~with-theBoard's bysiness-type activities' and internal 'service funds' capital assets, 'related. accumulated depreciation, and depreciation expense are',reported ors; the propri6tary fund financial statements of the Board. Internal service fund capital asset information is included -in 'the gcavernrridr�fal can the government -pride financial statements, because the internal service funds predominately serve those activities. - Capital asset activity'fcr the rye r ended September 30' 2011 is as follows; _ Beginning' Ending, Governmental Activities Balances' AdditionsReduction Bal rTces Capital assets not depreciated: Lind Construction in progress 36;212,299 $ 1,359,051 - 46,752,466 7,350,753 36,267,973 89,571,350 17,635,246 Total capital assets not depreciated 134,964,765 6,709,304 36,267,973 107,406,596 Capital assets depreciated, Buildings Equipment 144,909,642 3261-279 , 22,500 1415,213,421 Infrastructure 261'921,973 896,060 825,635 26,992,453 Capacity rights 49755;346 36,1,78,564 85,934,410 Total capital assets depreciated� 3,150,000 _ 224,737,466 � 37,400,9 3 `043,135 ';150;000 ' _261,,290,234 Less accumulated depreciation for: Buildings, ciipment 42120 ;504 3, 3,897 22, 00 45230,901y1 Infrastructure 20,080,586 1,815,426 � '1,067,074 '20,828,938 acit ri hts 4,902,449 1,744,55,8 1 0,90 3f,81 26 647,007 . Total accumulate- Iated depreciation 87,38 ,447 61635,699 .1,039,574 , 6Ca 92,929,572 Total capital assets depreciated, net 137,3 4,019 1.63,360,662 Govdr nrrier'tal funds, capital assets, net 272,318,784 27 ,767,253 Internal Service Fundy pital assets Wort dpreciated:� Land Capital as etsdepreciated: 54,000 _ _ 54,000 uildings " Equipment 1,711,924 -. 1,711,924 Total capital assets depreciated 422,751 167;621 37,511 2,134,675 167,621 37,5.11 552,861 2,264,735 Less accumulated depreciation for: Buildings Eq�iipri ant 7131430- 45,902 " °765,332 Total accurriciated depreciation 357,651 148,A2 4,506 1,076,131 195y031 4,506 501.,274 1-,266656 D-1-6 MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To`Financial Statements For the Year Ended September 30, `2011 NOTE 6 —CAPITAL ASSETS - (Continued) Beginning" Ending Balances Additions Reductions Balances Total capital assets depreciated, net " 1,058,544, 998,129 1,052,129. Internal Svc Funds, capital assets, net 1,112,544 Total Governmental Activities, capital $273,431,328 $276,81.9,387 assets, net Business -type Activities Capital assets not depreciated: $ 5,141,787 $ - $ - $ 5,141,787 Land 'Construction in progress Total capital assets not depreciated 7,493,772 2,037,862 411,943 12,635,559 2;037,66Z 411,943 9,119,691 14,261,478 Capital assets depreciated: 2112,925 Land improvements - 55,467;155 171,275 345;399 55,293;031 Buildings Equipment 4,265,824 477,546 107,632 " 4,635,738 Infrastructure Total capital assets"depreciated 41,0641427 -- 41,064,427 101,2016,121 101,010,331 648,821 453,031 Less ,accumulated,depreciation for:" 212,925 Land improvements- 212,925 - 7,040,057 1,377,346 171,102 8,246,301 Buildings Equipment 2,966,481 300,119 103,316 3,163;284 Infrastructure' Total accumulated depreciation 14,322,310: 1,267,8 57 - 24,541,773' $ 2,945,332' $ 274,418 27,212590 ,687 27,212687 Total capital assets depreciated, net 76,468,558 73,993,434 Business-type'activities, capital assets, $89,104,117 $ 88,254,912 net 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 $1,232,787 Municipal Service District -Waste $ 57,412 Public Safety 21124-704 Card Sound Bridge 358;708 1,944,325, Physical' Environment 803;352 Key West Airport 972,333 Marathon Airport 584,887 Transportation' Economic Environment 6,- Total Business-type"Activities $2 945,332, Human Services 309,424 Culture and 'Recreation 427,182 Court Related 759,899 Total Governmental Activities 6,635,699 Internal Service Funds-, General Government 64,271 Total Governmental Activities $6 699 970 Ni MONROE COUNTY,FLORIDA BOARD-OFCOUNTY COMMISSIONERS, Notes To Financials Statements For the Year Ended September 30, 2011 NOTE 7 — POST -EMPLOY I MENT BENEFITS OTHER THAN I Plan Desbriptio� The,Monroe County Board of County Commissioners (B CC) administers a single- em loyer defined benefits healthcare plan (the "Flan"). Florida Statutes 112.0801 requires the County to provide retirees acid their eligible dependents°with the option to participate ih, the Plan if the County provides health insurance to its active employees and. their, eligibledependents... The Flan 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 _ bCC may amend the plan design, with ehen es' to the benefits, premiumsand/or level of participant contribution at any time. In an open`session, on at least an annual basis and- prig to Ith6 annual enrollment process ,= the BOCC approves the rates for the�,corting calendaryear for the retire and County, contributions: The Plan includes participants from the >BOCC and each Constitutional Officer. The E CC is responsibly for finding ell obligation not funded do a' pay as -you go', basis by Constitutional Officers. Accordingly, all disclo fires are on p County -wide basis and the net C)P D bbligatio6 for the Board includes obligations related to'the Constitutional Officer . Eligibility for post` employment participation in the Plan is .limited to'fdil tirrieempl theoyees o the County, and Constitutrgnal Officers. At Cepte ber30, 011,-there,were-no terminated -employees entitled to deferred benefits. The members' hip,of'the County's medical plea consisted of: Active Employees,. 1,223 Retirees and beneficiaries currently. receiving- benefits 375 Total Membership 1,593 � Fundin Pnfirnv 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- o.finaricir� requirements, net of member contributions. Ernployees.who, retire as an active participant in this Flan and-, nd ,were hired on or after October 1, -2001 may continu to participate iri the 'Dian by. paying the monthly- premium established annually by the. CC: Employees who retire as do active participant in the plant, were,hired before October 1, 2001, have at least tern years of,full time serri�ice with the Go nty, and rrtieet the retirement criteria of the Florida Retirement ysterrr (FRS) may continue tp participate in the Plan at a, cost equal- try the FRS Health Insurance Subsidy for ten ' yea rs of service (currently- per moat I h for'each year of service, credit at retirement or 50 per month). Retirees who have, met the requirernertts for,early retirement, have not achieved age 60 and whose age and years of service do not- e ual,70 (rule of 70) must ply the standard monthly pre' mium'until the age criteria or the rule of 70 is Met:.,At That time, the r tiree'e`cbst of p rticipation'�rwill, be equal totFPS, Health Insurance Subsidy. Surviving spouses a.nd dependents of participating retirees may continue in the.pl n if'eii ibility criteria specific to those' classes are met: For the fiscal year 2011, the County contributed the following; D-18 MONROE COUNTY,:FLORIDA BOARD OF COUNTY CO ,1 I Dotes To Financial Statements For the Year Ended September 30, 2011 NOTE 7 m EMPLOYMENT POST I I TS OTHERTHAN PENSION'- (Continued) Claims paid by Group Insurance Fund $ 3,E26,297 Allocation of administrative expenses and incurred but',314,853 not reported costs (IBNR) OPEBcosts 3,31,150 Less retiree contributions (,36) County ,contribution $ 2,668,764 Annual OPEB Costs and Net OPEB 0bligatl0n The County's annual other postemployment benefit (OPEB) cost (expenses) is calculated based on the annul required contribution of the employer (ARC),, an amount actuarially determined in accordance with the parameters of OB Statement 5. The ARC represents s level f funding that, i paid o an ongoing basis, is protected 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, 2009 (the latest actuarial valuation date), under the current; plan provisions, of the County Is unfunded annual OPEB cost, the and the changes in the County's .net OPEB obligation t the amount actually contributed to the plan plan. 9,611,0 0 Annual required contribution ,00 Interest on net OPEB428 obligation 428,000 Adjustment to annual required contribution ( ) Annual'OPEB cost 9,76,000' Less Contributions made` (2,668,764) Increase in net OPEB obligation 7;007,236 Net OPEB obligation, beginning of year 15,905,280 Net OPEB obligation, end of year $ 22,912,516 The OCC's annul OPEB cost, the percentage of annual OPEB cost contributed, to the plan and the net OPEB obligation for 2011 and the two preceding years were as follows (amounts expressed in thousands): Fiscal Annual Percentage of Net Year CAPE Annual OB EB Ended Cost �CostContributed Obli anon 9/30/09 $ 7,048 41.7 % $ 9,507 9/30/10 $ 9,546- 33.01% $ . 15,905 9/30/11 $ 9;676 28.0 °fa $ 22,913 The net OPEB obligation at the end ofthe year is $21,663,713 for Governmental Activities and $18,803 for Business -type Activities: No trust or agency fund has been established for the plan; there were no adjustments to the.annual required contribution or interest earnings, Q-19 MONROE COUNTY, FLORIDA 'BOARD, OF COUNTY COMMISSIONERS Dotes To FinancialStatements' For the Year Ended September 30, 2011 T 7 POST EMPLOYMENT BENEFITS OTHER THAN I - (Continued) Fuhded status and Fuhdin fi roared mAt September 30, 2011; funded status and funding progress is as follov�s,�arnourts expressed in tc��isandsj; Actuarial tiALL 'as a Accrued Ferberitae Actuarial Actuarial Liability - cafe Valuation Value of Projected Unfunded Funded Covered hovered [date Assets Unit Credit AAL Ratio roll roll 1'0/01B07 � $ , 79,637 � �_79,0 7 0% , ` $68,193 116.$0°/a " 10f01f09 : $ $ 1,42,473 $-142,473 0% . , 65,357 217.99%, " *Initial year of plan disclosure, no prier data available Actuarial valuations of an ongoing plan involve `estimates of the value ' of reported amounts and assumassumptions about the tions about future em' to rrre tf mortality, and the healthoareEcostttrend future.,` Exampies include ,probability oc Amounts determined regarding the fu dad status f the plan and the annual required contributions of the,.ernployer,an- subject to p ntingal�.re ,revision as actual results are compared with e)CIectations and new estimates are rn de dout,the futurd:'T'l *schedule of funding progress;'presented as req'pirecl _ supplementary. information following the Dotes to the financial statements, presents trend information about whether the, actuarial value of pi n assets is increasing or decreasing over t ,time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and AssurrwrJtiens Projedtions of benefits for financial reporting brodes 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 tune of each valuation and the historical pattern of benefit cost sharing - between the _erployers and plan mernbers to that point. The was valuation, dad December.1 , 2 1 ,for the seal dues of October 1 20 9,to September 0, 010'11 prepared using generall accepted actuarial principles aria practices, and relied on: unaudited , census data andi mid idal 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 finds. The actuarial assumptions inclbdo_an annual health care cost trend rate -of 11.0°la initially,.redirced y ddprement tci,an ultimate rate of 5;0°fo over twelve years. The assumptions included a -discount rate that is fied to, the, ,retbrn axpected`on'the finds used topay the benefits, and assumes for an unfunded plan, that the benefits continue to be funded on a pay-as-you-go basis, that the ca inty's investments rents earna '4',5% .rate of return over the long. terra,. and the. inflation rate` will e- ` 3ada.. -The unfunded accrued actuarial liability is amortize over thirty years on an dperilbasis, as a level percentage of the projested'payroll, which is assumed to increase at 3,5% per,anriunr. FLORIDA°TI T" SYSTERETIREMENT, T F'fa�crietion - 'Substantially all full-time Board erQt Oloyees are participants in the Florida Retirement System, (FIBS), administered by the Florida De partme'nt dfManagement Services., ,: Employees elect -to -participate,in either the defined benefit plan'("Pension Flan"), a multiple -employer; cost-sharing'public _ .D-20 D-21 COUNTY,MONROE FLORIDA, BOARD FCOUNTY CbMMISSIONERS Notes T ,Financial Statements For the Year Ended September 30, 2011_ —,F 1 TI Y RETIREMENT (Conti nti . The B d rd has historically contribted amounts equal tq required contributions and, therefore, does not h ue s pension asset or liability'as determined in accordance with ASB Statement d. 27, TE - 9.� —PENSION PLANL' T IREFIGHTERS AND EMERGENCY MEDICAL SERVICES Eldn [ esd�— The ohroe Cou nty, Florida Volunteer Firefighter and Emerge' ncy edit ! Services Length of Service Award ,ICI n (LOSAP) is single -employer defined benefit pension plea created in 1999,and administered by the Board. -Upon completion of ,ten (10)'years of service, prier to normal. retirement age, and it accordance with 'the terms of LOBAR, 'a plan member is considered vested.. LC?AF provides retirement and, death benefits 'to plan members and beneficiaries. - Monroe bounty ` Ordinance -1999 defines the authority •under which contribution and . benefit` provisions may be amended. This authority is prseritl_held-by the board. LOS AP shill be administered In accordance with there uiremelnts of Chapter 112, Fart till, Florida Statutes: L. O AP had 62 'participants of which 23 are active, 26 are inactive and 6 are retired members for the plan. year ended ,becdrnber: 31, 2010 and, the.'County's fiscal year ending September, , 2011 Separate, stand-alone financial statements for L®GAF are riot provided: �urnrr►arrtir of igriificant �tcco�irttinq F�olic�es _- The financial statements of L AR are prepared. using the accrual basis of accounting The contributions are' recognized when due. Benefits are recognizedwhen due'and _ payable dccbrdande" with the terms of LO AP, Administrative cuts are paid by- the Board. Actuarial valuation, costs are paid by LO AP. All plan in vestrnents are reported at fair value: Fur�ding i calico —.Annually,' lly,' as determined by the actuarial 'study, the Board shell appropriate funds from the budgets of the various volunteer fire/rescue-districts. These=funds will b polled as contributions to L®SAP. Plan members do not contribute. The current contribution rate�is $406 �per�volunteer year of, ,service.' Below is s schedule of funding, progres for sip years. , Actuarial UALL ds �Abtueriel Actual - Accrued Unfunded Percentage Valuation Value,of :Livability AAL Funded Covered of Covered Efate A ets AAL IJAAL Ratio Fa roll. Payroll 12/31/2005 6261637. 9 3,291 ' $341,P54, 64.76/, NA. NA 12/ 1/2.006 700,939 602,005 101,066 '37.4%_ , CIA NAB 12/31/200 725.508 767815 41,807 94.6% NA ItiIA 12/3112008 . 782:060 649,172 67,' 112 9 .1 % NA A 12/31/2009 817,512 841547` 24,035 9 .1% NA NX 12/31/ 010 831,083 364,715. 53,632. 93.1°fo ILIA !VA N - Contributions and benefits' are calculate based on years of service as the participants are Unpaid` Volunteers. Asa result, there are no related covered payroll and no UALL. as a percentage of covered payroll. D-22 MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements, For the Year Ended September 30, 2011 NOTE 9_ PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL SERVICES ,= (Continued) Annual Pension Cost The Board's annual pension cost of $25,179 was equal to the required contribution. The annual required contribution was determined as part of the January 1, 2010 actuarial valuation using the Aggregate Method. Allocations are based on years ofservice,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. g p e pension benefit obligation were.. The significant actuanatassum assumptions used to ute th 1. Investment Yield: 2.5% 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, 2010 and the. five preceding years were as follows: Fiscal Annual ` Percentage Net Year Pension of APC Pension Ending Cost APC Contributed Obligation 12/31/05 $61,050 100% - 12131106 24,233 100% - 12131107 28,477.- 1.00% - 12131/08 24,777 100% - 12131/09 23,714. 100%, 12131110 251,179 100°l0 - NOTE 10 - CAPITAL COMMITMENTS _ Construction'projects under present contractual agreements as of September 30, 2011 are as follows: Project Construction Commitments Duck Key Wastewater $ 7,025,163 Key Largo WWTD ILA 1,790,478 Marathon Courthouse Renovation 607,271 Key -West Airport Terminal 493,255 Freeman Justice Center < 379,221 Marathon EOC 1927922 Miscellaneous 360,688 Total $ 10,848,998 Included in the construction commitments are encumbrances' for the, One Cent, Infrastructure Surtax and the Infra' Sls Srtx Revenue Bonds, Series 2007 Major Funds for $261,976 and $1,401,415 respectively. D-23 MONROE COUNTY, FLORIDA BOARDF COUNTY COMMISSIONERS Notes To. Financial Statements For the Year Ended September, 30, 2011 NOTE 10 - A ITAL C IT E T - (Continu) The Comprehensive Elan Land Authority has dpproxim tely $147;600 of 'ccarrirnitrrierits to soquire various properties,. $980,00 '.of commitments to issue mortgage loans and $247, 57 to donate conservation -land to the State Board of Trustees as cif September 30, 2011, Significant. encumbrance commitments, excluding those refeted to construction pr0'e6ts above, -at--, September 30, 2011 are as follo�vsi Encumbrance Governmental Activities; load bridge Fund, 233,129 Governmental Grants Find Total Governmental Activities 870,171 NOTE 11 LEASE OBLIGATIONS Capitalized lease obligations are stated at the original flair 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 foil wing at September 30, 2011: Governmental Bus' ine s-type Activities Activities Fiscal year ending September 30: 2012 1,460 50,000, 213 2014 5o,0a 2015 _ 50,00 ' 2016 _ 5101000 2017-2021 u 50,000 250,000 2022-2024 1 460 617,270 . 4 - s 7,270 Total rrtinir�rt�rrri payri�ent, Less Amounts representing interest' � (7) Present value ofriet minimum lease payment's 1,453 _. "$ 617,270 Leased pro' perty which has been capitalized as of September 30, 2011 is as fcallr w. Governmental BLisiness-type Activities Activities Equipment', $ 53,086 $ 2,33 ,630 Less Accumulated Depreciation (2,119) 2,335,330 30, 967 Dental expense under cancelable operating leases for the current year amounted to $928,063. Q-24 MONROECt) LINTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 2011 NOTE 12 - LONG-TERM DEBT Long-term debt activity for the year ended September 30, 2Q11 is as follows: Current Portion of Beginning Ending Long-term Balances Additions Payments _ Balances Liabilities Governmental Activities: Governmental Funds 4,176,091 ' $33,909,591 $4,326,091 Revenue bonds payable $38,085,682 $ Revenue notes payable 13,969,565 5,005,734 7,609,437 11,365,862 1,035,703 Accrued comp. absences 2,800,11.3 1;896j589 1,747,221 2,949,481 284,966 OPEB Liability 14,773,284 8,926,936 2,462,162`- 21,238,058 1,453 Capitalized lease obligations 19,740 - 18,287- 1,453 Total Governmental Funds '69,648,384 15,829',259 16,013,198 69,464,445 5,648,213 Internal Service Funds Accrued comp. absences 144,757 109,449 111,868 142,338 5,038 OPEB Liability 290;590 186506 51,441 425,655 Total Governmental Activities $70,083,731 $16,125,214 $16,176,507 $70;032,438 $5,653,251 Business -type Activities:. Revenue bonds payable $11,540,000 $ $ 1,035,000 $8,705,000 $ 450,000 Revenue note payable 1,032,366 2,366 - Arbitrage payable 234,816 135 228,898 6,053 - Accrued comp. absences 426,724 264,127 343,461 347,390 OPEB liability 841;406 - 562,558 155,161 1,248,803 ase obligations 667,270' - 50,000 617,270 50,000 Capitalized -le Total Business -type Activities $14,742;582 $ 826,820 $ 4,644,886 $10,924,516 $- 5001000 Total Long -Term Debt $84,826,313 $ 16,952,034 $20,821,393 $80,,,956,954 $6,153,251 Amounts associated with the Board's'governmental activities long-term liabilities are reported on the government -wide financial statements of the County rather than on the financial statements of the Board. Amounts associated with the Board's business -type activities and internal, service funds long- term liabilities are reported on the proprietary fund financial statements of -the Board, internal service fund long-term 'debt information is included in the governmental activities on the government -wide financial statements, because the internal service funds predominately serve those activities. 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 D-25 MONROE COUNTY, ° FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To.Financial Statements ,For the Year Ended September*30, 2011 NOTE 12 - LONG-TERM DEBT - (Continued) postemployment benefit obligations paid, in, the, current year by the Group Insurance Internal Service Fund. 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. The following- is a summaryof the Board's bonds and notes, as of September 30, 2011, Governmental Activities - - -bonds: Revenue Infrastructure Sales Surtax" Revenue, Bonds,Series2003-$, 11,585,000 Infrastructure Sales Surtax Revenue Bonds, Series 2007 21,635,000_ Unamortized Original Issue Premium, Series 2007 _ ,; 689,591 " Total Revenue Bonds 33,909,591 Revenue Note:: ---- -- Cleans Water State Revolving Fund Construction Loan "Agreement 1 �1;365,gg2 Total Government Activities 45,365,862 Debt Service Funds Available to, -Pay Current Maturities `" ,453 (21077,864)_ Unamortized Original Issue Premium, Series 2007 (689,591.) Governmental activities Principal Funding, Requirements - $ 42,507,998 .. _ Business=tube Activities :: . Revenue Bonds: Key; -,West International,Airport Revenue Bonds, Series 20W" $ 8,705,000 Debt Service Funds,Available to -Pay Current Maturities and Early Retiremenfs Business -Type Activities Principal Funding Requirements_"� �$ 8,255,000 Debt Service Funding Requirements - The total annual debt service requirements for outstanding at September 30, 2011 are as follows: - bonds and notes Governmental Activities � "Business-tvpe Activities Principal Interest : Total,' Principal" Interest Total 2012 $ "4,779,263. $1,429,943 $6,209,206 �$ A,9051000 2013 5,4871653 1,349,597 6,837,250 450,000 2014 5,687,874 1,147,689 450;000' 450 000 _6,835,563, =�. 201:5 5,893,920 " 936,761 6,830,681 450,000 285,984, 2016' 6,110,811 _ .. 716,787' 6,827,598 485;000 275;000 450,000 :. 735,984 2017-2020 _.' 14,548,477 702,097 15,250,574 2,940,000 941;600 2021-2024- 760;000 3;881;600'; 1,575,000 141,625 1,716 625', Total $42,507,998 '$ 6,282 874 $48,790, 72 $ 8,255, , 0000$ t644,209 . $ 9,899,209' MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes. To Financial Statements For the Year Ended September 30, 2011 NOTE 12 - LONG-TERM DEBT -'(Continued) Long -Term Debt at September 30,, 2011 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: 3:4%o to 4.0%0 Amount outstanding at September 30th: $11,585,000 Reserve requirement: None; MBIA insured. Revenue pledged` All of the One Cent Local'Government infrastructure Sales Surtax accruing to Monroe County, The totalprincipal and interest remaining to be paid is $13,222,105. For the fiscal $1,839,176 and total pledged revenue was $15,374,998. year, principal and interest paid was Purpose: To construct and acquire equipment and capital improvements, p r than 4120I13 and no call premium may exceed Call provisions: First redemption date may not be late 2% of the par amount redeemed: 29 415 000 Infrastructure Sales Surtax Revenue Bonds Series 2007 Dated: November 2007 Type: General Government Revenue Bonds Principal payment date: April 1 Final`maturity: Year 2018 Interest payment dates: April:1 and October 1 Interest rates: 4.0% to 5.0% Amount outstanding at September 30th: $21,635,000 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 $25,191,650: For thefiscal year, principal and interest paid was $3,671,500 and total pledged revenue was $15,374,998. Purpose: To construct and acquire equipment and capital improvements. Call provisions: `None 19 500 540 Clean Water State IRevolving Fund'ConstructionLoan 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 °lo Amount outstanding at September 30th: $111,365,862, 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 $12,579,068. For the fiscal year, principal and interest paid was $8,136,507 and total pledged revenue was $23,657,593. Purpose Refund temporary financing for wastewater capital improvements. Call provisions: None D-27 MONROE COUNTY, FLORIDA BOARD F COUNTY COMMISSIONERS Notes To Financial Statements, For the Year Ended September 30, 01'1 NOTE1 7 LONG-TERM DEBT®(Continued ) 30 455 000 Ke West Internntion l Air cart Rever e dhds Type: Enterprise Revenue Bond ?at: July 20 Final maturity:- Year2024 Principal payment date: Octcer, 1 Interest payment dates: Monthly Interest rates: variable Amount outstanding at September 30th: ;$5,705,000 Reserve requirement: $2,759,567 Revenure Fledged: (1) Net Reveniues (as"defined in the esolotion).te be derived from,the 'operation of the airport, (2)Other Available Moneys (as defined in the°Resolution)p () Hedge Receipts and (4) (Phtil applied in accordance with the provisions 6f.the.Resolution) all moneys, including investments thereof, in certain of funds and accounts established under the Resolution, and (5) the Reserve Account, The total principal and interest remaining to be paid is $10,349,269. For the fiscal year, principal`of $2,835,0 0 was funded by.pledged revenues of $4,232,711and interest o $23;554 was funded by capitalized interest secured when the. bonds were issued. PurposeAcquire construct and equip various capital improvements at the Key West International Airport _ Call pr6vi'sions: (1) Optional Redemption t. par on any date (2) Mandatoryredemption at par at the option,df the Bank upon the event of default under the Reimbursement Agreerrint or with resppct to Bank Fonds, At leapt 15 days notice of mandatory tender of Series 2006 Fonds for purchase; at least 30 days notice of redemption. OTT 13 DE FEASANC E-OF DEBIT_ In prior years, the. Board defused revenue bonds by -placing the proceeds, of new bonds with an escrow agent in irrevocable trust accounts to provide for all future debt service payments ,on.the old bonds. Accordin EyP the.tr st account assets and liabilities for the defease , bonds are not.included in g the Boards financial statements, 'The,following schedule reflects outstanding principal on refunded bonds; by issue, asJ 2011: gof September 30; Business- type Activities: ; $8,000,000 Municipal Service District' Improvement Revenue Bends, Serips 1960; defeased ors December 6y 1935 lasing- proceeds from the $ ; 11,774 Municipal Service District Refunding Improverraeht Bonds, Series 1935 $ : ,370,000 $9,211,774 Municipal Service District refunding improvement. c�nds,'eries 1935; defepsed' can April 1, 1991 .,using`'proceeds from the Municipal, Service District Refunding Improvement Fonds, Series 1991 ,5,000 Total Business -=type Activities $ 9;325,000 NOTE 14 — CONDUIT -DEB IDA Health Care Facilities Revenue Bonds aeries 2003 The M nrole County Industrial [development Authority approved the -issuance of IDA Health Care Facilities Revenue Bonds, Series 2003i not,,to exceed $2,5 0,000 and for a loan by the Authority to the Guidance Clinic of the Diddles Keys, Inc. to D-2$ MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 2011 NOTE 14 — CONDUIT DEBT - (Continued) 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 accompanying financial the bonds. Accordingly, the bonds are not reported as liabilities in ,statements. Maturity of the Series 2003 Bonds is August 1; 2018 Cit of South Miami Health Facilities Author{t Hos "a' Revenue Bonds Series 2007 - On April 18, Cit the Board approved an interlocal agreement with the City of `South Miami Health Facilities Authority for the issuance of $$00;000,0 a of tax-free bonds for Mariner's Hospital (Baptist Health South) for the purpose of financing capital improvements to healthcare facilities and refund outstanding bonds. The the will be owned by the issuers of the bonds and the Board is not 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. 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 maybe different due to inflation, changes in technology, or changes in laws and regulations. Recognition of the liability far closure and, post closure costs is based on the landfill capacity used to date. The landfill capacity of the Board's ,previously operated landfills is 100 °lo used and has no remaining .landfill life. Closure of these landfills was substantially completed during the year ended Sep#ember 30, 1994. The Board has another landfill site, which has never been used. Accordingly, no future closure cost is accruable except for post closure costs estimated to be incurred in the coming year. At September 30, 2011, the estimated future cost for post closure maintenance was $416,651. The current portion of the post closure maintenance liability is expected to' be insignificantand 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." For the public_ landfill, accounted for in the Municipal Service District -Waste enterprise fund, expenses - associated with the final closure and post Closure maintenance of landfill areas are recognized over the active life of those areas. These costs are recognized in each operating period based on the amount of waste received during that period, regardless of when cash disbursements are made for these costs. The cumulative effect of updated and revised estimates of closure -related` costs is recognized in the period of the change to the extent it relates to current and past operations. D-29 MONROE TY 1 FLORIDA BOARD,OF COUNTY COMMISSIONERS. Notes;Tc 'Fihdncisl Statements For the Year Ended September 30, 2011 NOTE 15 — RECOGNITION OF CLOSURE AND POST CLOSURE COST - (Ccanihued) The , Florida' Department of. Environmental Protection roved past , closure operating Pp � p plan, which permeate the Board to Bind los rd, and post closure costs as an operating' ex' per e using annual appropriations. " Thd landfilhis required by state and fedIeral 11 laws and regal, ticris to rake I a r nUal ccntribuItiens to-e cash escrow account to meet financial assurance require entsAn accordance with lays and r guldt ons, the landfill had c sh-and investments of $1,903, 13 held fcr;th s �srp � � t ptdrrib�r 3 " Q11.' In the, event cicsur,e,escrcws and interest earnings prays inadequate due, to inflation,-chang6s in techradlogy,, or additionalpost closure care requirements, these casts may reed tea be covered by charges tb service NOTE 16 - INTE FUND BALANCES lhterfund balances at September 30, 2011 are as follows; Due to Road & Bridge Fund from- �.N6nmzijor Governmental Funds , $ 4,163 Clue to Governmental Grants Fund from: G6n rel"Fund Dosed & Bridcge'Fund 319;3 1, Marathon Airport Rand 308,340 Nonm jor Governmental Funds2 ,"191. Total 726,831 [ode to Cgmprehen'sivePlan Land Authority 'from'' Jeri r l Fund 347,909 Due to 'Ohe' Cent Infrastructure Surtax Fund from'- .0o ern ent l Grants Fund 21,23 I cnmcjjor Governmental, Funds 4 �6 0 Total l 65,90 .. " Gees to Near ajar Governmental Funds from: Ncanr aidr Governmental Funds ' 195' Total lnt rfund Balances $1;164,715. 'During the course of oper tions, transactions occur which result in amounts owed to 6 particular Band by another fund, other than for, goods provided cr, services rendered. Th se`redeiv tiles and p yebles are due within year and care classified s -"Due from, --rather funds/Du6 to cthor funds". on the governmental funds balance sheet or proprietary,fund statement of nut assets: lnterfund trdnsfers�at September 30, 2011,are as follows: , D-30 MONROE COUNTY, FLORIDA_ BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For the Year Ended September 30, 2011 NOTE 17 - INTERFUND TRANSFERS Transfers to General Fund from: Road & Bridge Fund One Cent Infrastructure Surtax Fund Municipal Svc District Waste Fund Gard Sound Road Fund Internal Service Funds Nonmajor Governmental Funds Total Transfers to Road& Bridge Fund from: Nonmajor Governmental Fund. Transfers to Governmental Grants Funds from: General Fund Fine and Forfeiture Fund Road & Bridge Fund Nonmajor Governmental Funds Total Transfers to One Cent Infrastructure Surtax Fund from: Governmental Grants Fund Transfers to Debt Service Fund from: One Cent Infrastructure Surtax Fund' Nonmajor Governmental Fonds Total Transfers to Nonmajor Governmental Funds from: Governmental Grants Fund One Cent Infrastructure Surtax Fund Total $ 537,399 186,009 179,303_ 121, 362 632,937 2,707,016` 4t3G4,026° .. 475,574' 72,499 16,667 319' 801 26:191 435,158 21,282 8574,523 5;005,734 13,580,257 381,241 5000,000 - 5,381,241 Transfers to Marathon Airport Fund from: 6,064, Key West Airport Fund Total Interfund Transfers $24,264,502 The major fund, One Cent Infrastructure Surtax, interfund transfers out totaling $13,760,532 are related to the funding of debt service as well as partial funding for the Duck Key Wastewater Project which is accounted for in Nonmajor Governmental funds. The $8;214,515 transferred from Nonmajor Governmental funds, specifically the Big Coppitt Wastewater fund, is for the refunding of the Florida Rural Utility Financing Commission Revenue "Notes, Series 2008A. Other transfers in and out are . related to Supporting operations and grant match requirements. - Fund Balances are presented in the following categories; nonspendable; restricted, committed, assigned and unassigned' (see Note 1 for a description of these categories). A detailed schedule of governmental fund balances at September 30, 2011 is on the following page: D-31 MONROE-COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS Notes To Financial Statements For the Year ended September 30, 2011. NOTE 1 =- GOVERNMENTAL FOND BALANCEL IFICATI N Fire & Road Governmental, Fund Balances: General Forfeiture � - - ri e rants IV6 spehdab6e. Inventory ; Mortgage Loans $2,872 Total Nonspe dable ; 2,872 Restricted for: Law Enforcement Fire Ambulance - 2ti,235,322 _ - _ Public Safety " Physical Environment Transportation Housing Programs 8,828,684 _ Tourist Development _ - _ �. Humari-Services _ - Libraries - Library C?on tions 100;732 _ : - Cultural & Recreation - Co€art Programs,_ Comprehensive "planning.- - band Authority Federal & State Grants - Wastewater Projects _ 1,883,645 Other,Purposes" Debt Se rvice Capital Projects. _ Total restricted 100-732 _ 20,235,322,' 1828,684 1 583,645 ; Committed to: Ph ysicI,Fnirctnmert -- _ Fire,$ Ambulance` - Wastewater Projects - each Renourishrnent - Total committed Assigned to: - Other Purposes 37,133 _ Fire Ambulance - Land Authority - Subsequent Years Fxpe6dit'urds 9,636 262 Total Assigned 9,673,395 Unassigned: 27,557,693 -- --- -- TtIF o and al noes !37334,692 $2Q 235;32 $8,828,684 $1,883,645 D-3 MONROE COUNTY, FLORIDA COUNTYBOARD OF I 1 Notes To Financial Staternents For the Year Ended S pternber 30 2011 NOTE 1 18 — GOVERNMENTAL FUND BALANCE CLASSIFICATIONS (Continued) on ajar Total _ Ga rehn� sive Plant One Gent, Revenue Govern- vern- mental Land , Infrastruc- on s, _ I1 Debt mental tune Surtax Series 2007 Service Fun ds Funds �ithority 8,376,579 8,376;579 5,284,771 - 22,311,153 11,353,238 5,2 4,771 22,311,153 11;353,238 7,83 ,471 - $20,99 ,821. $22.,311;153 2,195,200- 2,195,200 $11,353,238 $2,19 ,200 $ $ .. 2,872 8, 376, 579 _ ,379 451 2,558,447 22,793,769 1,022,874 1,022,874 . ' 2,315;451- 2,315,451 2,505,286 2,5105,286 ,037,980 14,866;664 1,874,618 1,874,618 17,089,443 17,089,443 1,485;970 1,4$ ;970 822,915 822,915 375,19 475,911 1,787,286 1,787,286 3,928,381 3,928,381 3,052,850 3,052,850 ,284,771 1,883,645 4,411,589 4,441,589 259,028 - 259,028'- 2,195,200 855,233 34,519,624 50,382, 530 122; 575,275 1,325,656", 1,325,656 2,855,930 2,855,930 448,461 448,461 375,452, 375,452 5,005,499 5,005,499 _ 37,13 1,056,674 1,05 ,6174 _ 7,335,471 `' 9,636,262 1,056,674" 10,730,069 34,893,164 t, FCOUNTY COMMISSIGNERS Notes To Financial Statements FcNrthe YeaF d r n e epterriber 30, 201.1 NOTE 19 - RISK MANAGEMENT, The hoard is exposed to various risks of loss related totort; theft of, damage to, and destruction of ` assets; error's and omissions; injuries to employees; and natural disasters. During the fiscal .years ended-1976, 1964 and 1988, the Board established the Worker's` 61npensation, Group Insurance, and Risk Management Funds.,` respectively,L as internal service funds tci account for aria .finano its uhinsure risks of loss. Crider these programs, the Vtfcsrkdr's tompphsaticn has self insured coverage up to the first $500,000 . per claim for regular employees.'Workers' Compensation claims in excess'cf the pelf insured coverage of W0,000 are -covered by an excess insurance policy. , The Group Insurance . Fund provides self insured excess claims. Fisk � anag m nt , has -a " $5, 00,000 .excess insurance policy for general liability claims smith a $200,000 self -inspired retentiq and, building property damage is covered for Jhe actualValbe of the building ing with edeductible elf $50; 00, Deductibles for windstorm and f166d vary by,location: The Board purchases commercial insurance for claims in excess of coverage provided by the finds and for all other risks of loss. Settled claims have hot exceeded this corriri�erdidl cover g Jn any,of the past three years. All finds of the Board participate in the prcjgrams and rmak p yments to the Worker's Co rripensatiori Group Insurance and -Risk Management ent Funds based on estimates df:the amounts needed pay: prior andcatrrent year claim to The claims liabilities.repQrte'd'at September 30,-.2011 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 indL(rred at the date, of, the financial st t rrments and the amount of the loss can be reasonably estimated. Changes- in the claims liability amounts in fiscal year 2011 and 20i 0 were: Worker's Group. - Risk -Comp: , , Insurance Total Unpaid claims at Sept, 30, 2009 $ 1,53 ,647 $ , 60,172Incur$ 141-385 $ ,256,204 (including l F s) 1,745,741 14,156,786 764,209 f6,656;736 1aim payments (1,596,5 3} (14 469,922� (74Op159} 16,623,674 . Unpaid claims at Sept, 30, 2010 - 1,681,795 . = �4 �47,036 � 165,435, ` 6,094, 66 Incurred claims (including' INs) ,726,23 15,1,307 27,717 17,274,752 Claim payments"1 �. ,95 16), 14y3,301) _32,5j ^(11976) , Unpaid clairres:at Sept. 3 2011 �1,712, 7 $ 4,581,542 p112,5 $6,406,742 NOTE 20 -,LITIGATION. 'The Board is a defendant in, various lawsuits and is involved in other disputes wherein' `substantial amounts are claimed. In the opinion of the'Bcaard, these suits an6claims should.not�resuit in jud rrients or settlements, which, in aggregate, wouldhave a material adveese' effecton the Board`s financial condition. D-34 MONROE COUNTY, FLORIDA A 4 # d ++ Notes - To Financial Statements .2011 COMMITMENTS AND CONTIN Crane Programs The Board participates in'a nu ber of federally assisted grant programs, These programs are subject to financial and compliance audits by the grantors or their representatives. Arbitrage Rebate - In accordance with the Tax Reform Act of 1 86, 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, 2011, -,the. Board has 'estimated' its arbitrage rebate liability to be $6,053 for its business -type activities. I tract Fee Refunds --Unexpended or unencumbered funds arising fro the oollectio o impact fees rrisy e -refunded within' one year foilowin sixth -year from the date on the end f the,which the impact , fee was paid or withinthree months of the non -commencement of construction."' fetter o Credit — The Board has issued $30,455,0 0 Key Vilest International. Revenue Bonds, Series 2006 (the Series 2006 Bonds) for the primary purpose of providing -funds necessary to finance the acquisition, construction and equipping of certain airport facilities. In order to provide security for the payment when due of thi principal and interest on the Series 2006 bonds, the Board has requested a batik to issue' its irrevocable ' direct pay letter, of credit naming U.S. Bank National Association, the bonds' ,paying agent, as beneficiary. The letter of credit is for an amount sufficient to pay interest at a maximum interest rate of 12% per annum, The agreement expires on October 15, 201 . SUBSEQUENTNOTE 22 Pursuant to the provisions of onroe Bounty Resolution 238-C, the o rd,redeemed $1,335,000 of the Airport Variable Rate Revenue. Bands,, Series 206 maturing in 225-2024 as described in the table below. Funding Source , Date Amount Passenger Facility Fees November, 2011 $, 137,,000 Monroe County November, 2011 3,000 FAA December, 2011 1,133,974 Passenger Facility Fees December, 2011 57,441, Monroe County December,,2011 3,85 Total $ 1,335,000 Effective December 12, 2011, the Board early retired. $1,494,1 1 898 of, the balance due on the Clean ater State Revolving Fund Construction Loan Agreement note. The early retirement was funded by Once Cent Infrastructure Sales Surtax revenues. Pursuant to' the provisions of- Monroe County Resolution 238-C, the Board has scheduled the redemption of $460,000 of the Airport Variable Rate Revenue Bonds, Series 006 maturing in 24 as, described in the table below: D-5 MONROE COUNTY, FLORIDABOARD OF I I. S '.. Notes To Financial Statements For the Year Faded, 'September 30, 2011 NOTE 22 — SUBSEQUENT EVENTS- (, o time ) F€ nd n Source Date Amount, Passenger Facility Fees IVl r h, 2012 . 1 0, 07 Monroe Coi nty arch; 2012 1,403 PassengerFacility Fees May, 20.12 295,000 Monroe County flay, 2012S,QQQ Tot l '460,0 0 In fate March, le sl tion'was passed requiring Florida counties to pay State Medicaid billings vvithc t the option of disputing the billing. The disputed backlog, must be paidover five years. It is estimated that the County's u I obligation for its backlog tall -a' mount.to' ppre xim telly 7 , OQ per, yd r fdr five years, M COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES MONROE COUNTY,FLORIDA-BOARD,COUNTY COMM I I ONE T INFRA T T IT LPROJECTFUND SCHEDULEITAND CHANGES IN F L - BUDGET AND T FOR THE YEAR ENDED SEPTEMBER, 2011 .. Variance with Finaltudget. r ginal Final ositi"ve Budget get c ai (Negative) 13,000,000 13,000,0100 $ 15, 74,998 ,374,998 :Taxes 7000 70,000 133,003 63,003 Investment Income 10 10 _ 10Toti isGellaneous 13,070,10 13,070,010 15,508,001 2,437,991 Revenues EXPENDIT. Current: Capital utlay General Government: 6 106,0 10971 , 94,963 14,752 ADA Assessments General Government Projects 850,000 94 ;031 ' ` 308,940 640,091 654;843 Total General Government 956,600 1,058,746 403,903 Public Safety Pubiic Safety Capital Projects 1,960240 3,625,739 409,757 3,21,982, edExam Environmental Mitigtn . 5,500 1,965,740 5,500 . 3;631,23 5,600 415,257 3,215,982 Total Public Safety Physical Environment 700,000 700,000 - 700,000 Transportation: Const. Mgmt 529,860 529,860 3591834 170,026 Total Capital Outlay Expenditures 4,1�52;200` 5,919,845 1,178,994 4,740,851 Excess/Deficiency of Revenues Over/(Under) Expenditures 8,917,810 7, 150,165 14 329 007 r- 7,178,842 Other inanci or es/ s s): (400,000) (3;000,000) - 3,000,000 Reserve for Contingencies (3,000,000) - 3,000,000 Reserve for Cash Balance Transfers from Other Funds 563 311 2,356,408 21,82 (2,33,126) 4,10,00 Transfers to ether Funds16,804,14(17,860,532) (13,760;532) Total Other Financing Sources/(Uses) (16,640,834); (21°,504;124) (13,739,250} 7,764,874 Net Change in Fund Balances (7,723,024) (14,353,959) 589,757 14,943;716 un glances, ct r 1 7,723,024 14,353,959 21,721,396 7,367,437, Fundglances, a to er 3 . 22,311 153 $ 22,311,153 E-1 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS INFRASTRUCTURE SALES SURTAX REVENUE BONDS, SERIES 2007`CAPITAL PROJECTS FUND SCHEDULE OF REVENUES, EXPENDITURES; AND CHANGES IN FUND BALANCES- BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with, Final Budget Original Final Positive Budget Budget Actual REVENUES: (Negative) "Investment Income$. 60,000 $ 60,000$ 43,768 ;�$�:(16,232� EXPENDITURES: Current: Capital Outlay: Public Safety: ' Public Safety, Projects 3,055,603 . 7,�120,632 711,794 6,408;838 Physical Environment Projeets 3,418,224 4,$77,701 1,564,284'" ------ 3,313417 Culture and Recreation Projects 59,400 133,942 63 133,879 " Total,CapitalOutlay, Expenditures"" " 6,533;227 12,932,275 2,276,141 9;856,134 Excess/Deficiency of Revenues Overl(Under) Expenditures (6,473,227j 12,072;275) `(2,232;373) 9,839,902, Net Change'in-FundBalances (6,473,227) � (12;072,275), (2,232,373) _.0,839,902 Fund Balances, October 1 6,473,227 12,072,275 13,585,611 1,513,336 Fund Balances, September,30. - $ -_$ _ $11,353,238 $ 11,353,238 M COUNTY,MO NROE FLORIDA—BOARDDA-BOARD OF COUNTY COMMISSI ALL DEBT SERVICE SCHEDULEI I FUND BALANCES T AND ACTUAL FOR THE YEAR ENDED SEPTEMBERr' 7, Variance with Final t1 et Original ire l Positive e Actual (Negative) Budget 0;E7 0 30,000 27,657 ,343) Investment Income "EXPENDi Current: Debt Service: 2003 Revenue n s: Principal 1 385,000 1�,385,0010 '1,385;000 7 . _ � Interest � 476;683 476-1683 454,176 2,507 Total 2003,RevenueBonds 1, 61;683 1,861,683 1,839,176 22,507 2607 Revenue Bonds . 2;6 5,000 2,685,000 2,685000 - Principal Interest 110 9,945 1, 39,9 5- 986,500 53,445 Other Debt Service Costs Total Guaranteed Entitlement Ln 255 255 255 -. 3,725,200 3,725,200 3,671,755 53,445 Clean terSRF Loan' . 2,987,640 7,609,438 7,609,438 - Principal - 383,936 383;936 Interest Total Guaranteed Entitlement.Ln 2;987;640 7,993,374 7,993,374 Total Expenditures 8,574,23 13,58,27 13,504305 75,952 Ecessleficiency of Revenues (13 550,257) (1.3,476,648) 73,609 Over/(Under) Expenditures(8,544,523) Other, Financing Sources,/(Uses): (1;000,000) (1,000,000) 1 000,000 Reserve for Contingencies (1,000;000) 1,000(0 Reserve for Cash Balance Transfers from Other Funds 8,574,523 13,580,257 1,5,57 - Total Other Financing Sources/(Uses) 6,574,523 -11,580, 57 13,580,257 2,000, 00 et a e ( n lances (1,970,000) (1,970,000) � 103,609 . � 2,073,�609- , Fund Baianes, October 1 1,970,000� 1,970,000,_ 2,091,591 121,591 C�ncf Balances, September 30 $ — - $ - $ 2,195,200 — $ 2,195,200 — THIS PAGE' FNTENT11ONALLY LEFT BLANK NONMAJOR.GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS Ta.ac ount far seven es and expenditures of various low income housing programs. TOURIST DEVELOPMENT DISTRICTS To;acount far the loco{ option four -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 rDevelopment Council. I,M_PACT 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 E S, and 'fair, -share housing. I L .T 'ICT LOWER To account for revenues and expenditures in,District 1 far fire and ambulanceervioes. UPPER KEYS HEALTHI ING DISTRICT To account for -,all transportation and hospitalization costs ofMonroeCounty trauma patients in Dade',,all Coon UNINCORPORATEDI DISTRICTS, To account for all revenues and expenditures for planning, building and zoning and parks and recreation servicesprovided only to the unincorporated area of the County. LOCAL HOUSING. ASSISTANCE 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 To account for all revenues and expenditures for local road patrol law enforcement in the City, o Marathon, City`of 1aytoii and islamorada,,Village of Islands, 911 ENHANCEMENT FEES To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 emergency telephone system: Y SECURITY DISTRICT To account for the revenues and expenditures in providing security services for the Duck Key District. BOATINGT To account for revenues and expenditures for providing boating -related activities,for removal of vessels, and fl tir9 structures deemed a hazard to public safetyand health, and for manatee and marine mammal protection and recovery. MISCELLANEOUS SPECIAL REVENUE To account for revenues and expenditures earmarked for specific purposes. (Continued) NPNMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE F - CONTINUED ENVIRONMENTAL RESTORATION Tea account fear -all revenue and expenditures for fines/f e -collected' a'nd,earm I arked,for environmental protection, LAENFORCEMENT F ^ RC T TRUST To account for the funds used for the,purose of trainingpolice officers and supporting personnel in the prevention, investigation, detection and identification of crime, COURT- FFEES To_ ccdunt.for revenues coliected upon,the institution of any civil -action; suit or proceeding to be used exclusively in. providing and -rh intsining existing and future f cilities for the use of the Circuit and County Court systems. BUG ABUSE -TRUST, ` To account for- assessments collected for rig abuse programs and to disburse assistance grants for drug 'abuse treatment "and/or educational programs, which meet the standards fear gu lifid tien of such programs y the Department of Health and Rohabilit tive Services. MARATHON U ICIE AI --SERVICE To account for the revenues and expenditures for rrtunicipal, services for Eta rethon AASTEWATER MSTUh To account for the revenues and expenditures for Wastewater services for Conch Key, Bay Point, Big - C6p,pitt,.Key.Largo,'iock'lsidnd, Cudjoe-Sdg rlo f,"Long Key -Layton and,Duck Key. UILDING FUND T6:6cc6unt for the revenues and expenditures relating to building permit and r . elated fees and for the administration end oriforcement of the °building code for the, unincorporated area of the County, , CAPITAL PROJECT FUNDS CLERK'S "REVENUE NOTE To -,'account for -the Clerk's network. system from the Florida Local. Go'vernm'ent' Finance Comrnissi ' Loan. INFRASTRUCTURE REV U D IFS 2003 To acc6u'nt for the revers ses and expenditures funded by the Infrastructure Revenue Bonds Series'2003 debt issuance I CIPPITT AST AT To account for the revenues and,expenditures of the Wastewater infrastructure for Big Coppitt Key, DUCK KEY AASTEWATER To account for the revenues and expenditures of the wastewater infrastructure for'Duck Key. MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2011 ASSETS Cash and Cash Equivalents Investments Accounts Receivable, Net Due from Other Funds Due from Other Governmental Units Due from Constitutional Officers Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Interest Receivable TotalAssets LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and 'Benefits Payable Due to Other Funds Due to Other Governmental Units' Due to Constitutional Officers Other Current Liabilities Deposits in Escrow ' Deferred Revenues Total Liabilities Fund, Balances: Nonspendable Restricted Committed - Assigned Unassigned Total Fund Balances Total" Liabilities and Fund Balances SPECIAL, ' Tourist Tourist Affordable Development Development Tourist Housing All Districts 'Admin &.Promo Development Programs. Two Cent Two Cent District #One $ 47,526 $ '377,890 $ 791,521 " $ 524,537 329,388 2,667,727 4,662,592 4,586,985 185 _ - _ - 15,758 - 428,601 888,145" 753,937 - 72,048 149,299 91;673 T,438 11,093 18;286 18,308 $ 378,352 $' 3,557,544 $ 6,509,843 $ 5,991,198 $ - $ 264,645 $" 557,194 _ $ 330,674 , - 1,525 488 4,893 - `6,817 5615 774 - 164 - - - 277,298 563,297 336,341 378,352 3,280,246 5,946,546 5,279,405 . 375,452 378,352 3,280,246 5,946,546 5,654;857 $ 378,352 $ 3,557,544 $ 6,509,843 $ 5,991,198 F-1 REVENUE FUNDS Tourist,,, - Development Tourist Development Tourist Development Tourist Development- Impact Fees, Impact Fees, Parks and District #Two 'District #Three ` : District #Four District #Five Roadways Recreation $ 19,248 ..$ 138,827 $ _ 60,400 $ 68,21-1 $ 758,765 $ 69,445' 151,476 964,094 419,068 ,482,515 5;256;081 41.4,787 - 4,147 _ - - 60,.122 - 200,806 " 148,005 8,884, 26,845 21,372, 21,057 615 240,345 4,119 $. 1,338,838 $ 2;055- 650j900 $ 2,076 727,607 23,449` $ ,035,295 2,13- $ , 476,368 $ 6,877 $ 227,635 $ 97,478' $:, 1$,475 $ - t $ 6,600 2,303 122 122 2,868 315 _ - 15,758 21084 34 - - 88 205 190 205' 9,302` 227,962 113,548 23,632 315 6,600` 231,043 1,.110,876 � 537,352 � �703,975 6,037,980 469,768 231;043 - t110,876 537,352 703,975 ; 6,037,980. 469,768 1,338,838 $ 650,900 $. 727,607 $ 6,038,295 $ 476,368 (Continued) W COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS MONROE COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2011 SPECIAL Impact Fees, Impact Fees, Impact Fees, Impact Fees, Libraries Solid Waste Police Facilities ' fire & EMS ASSETS Cash and Cash Equivalents $ 103,189 $ 5,283 $ 11;535 $ 18,36293 Investments '715,759 36,623 79,985 127,8 Accounts Receivable, Net Due from Other Funds _ Due from Other Governmental Units 870 - Due from Constitutional Officers Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Interest Receivable _ 3,097 140 $ ' 822;915 42,046 348 $ 91,868.: 824 $ 1,47,079 Total Assets , ..$ LIABILITIES AND FUND BALANCES Liabilities: $ $ - $ $ 75,800 Accounts Payable _ Retainage Payable: - Accrued Wages and Benefits Payable Due to Other Funds - - Due to Other Governmental Units- Due to Constitutional Officers Other Current Liabilities V _ Deposits in Escrow ,Deferred Revenues 75,800 Total Liabilities - Fund Balances: _ Nonspendable 822,915 42,046 91,868 71,279 Restricted - Committed Assigned _ Unassigned Total Fund Balances 822,915 42,046 91,868 71,279' Total Liabilities and Fund Balances $ 822915 $ 42;046 ; _$ 91,868 $ 147,079 F-3 REVENUE UN Fire & Arab Upper Keys l nincorp. Unincorp. Impact Fees, District #1 Health Card Area Service Arid, ervioe Local Fait Share Housing Lower end" Middle . Special District' Dist., Planning Housing, Keys ` Taxing District Parks & Rec. Bldg. & Zoning Assistance 50,283 -.' : 399,611 . (170,350 170,39 �48;65-.,.3,779,626' :.:1,184,956 , 1,266,016_ 4,761,26 " 966,65,: -1911976 7,914 356 401,787 a 1531676 m 35,655" - . _ - - 9,9371,322 1 44_ 400,24 a 17 229 . 4,50;028 - 5,406 5,762 i- m 21,59 (9,037,322) 31786 _ , 1;360,712 1,42,547 5 883 03 3 1,108,902 $ 174,8`72 . $ 611. 409,555 12,876" _ 343,40131013 22,214 189,855 _ . - ,084 25,000 _ 1,030 b 10,52 521 , -. 64 - 12 m 397 _ 1 Y 3,251 w 117,160 r _ 637,424 3,624 115,029 624,944 12,876 - 400,240" _ � 1;357,088 1,317,a13 5,258,089. � 1,096,026 2;855,930 1,,056,674 400,240 1911604 1,357,066 1,317;516 5,258,089` - 1,096,026 400'240 " "$ .. 4,550 028 $..: 1,360,712 " $ °I,432,547 $" 5-,883,033 ' $ 1,106,902 (Continued) F74 . MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING BA C T- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEP_.T_ 3 ,2 11 Ta Cash and Cash Equivalents Investments Accounts Receivable, filet Due from Other Funds Due from Other Governmental Units Due from Constitutional Officers Mortgages/Notes Receivable Allowance for Mortgages/Notes Receivable Interest Receivable Total Assets HAR11 IT B FUND BA_LANCES Liabilities: Accounts Payable Retainae Payable Accrued Wages and Benefits'Payable Due to Other Funds Due to Other Governmental Units Due to Constitutional Officers Other Current Liabilities Deposits in Escrow, DeferredRevenues Total Liabilities FundBalances: ospendabie Restricted Committed Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances SPECIAL 911 Chuck Key Municipal 'Enhancement Security; Boating Policing Fees District Improvement 164,96 7,410 46,976 273,704 1,512,934 51,511 325,999 1,912 127, 20,437 43,424 4 42,821 106,32 7 504 6,957 190 1,405 8,085 $ 1,811,621 102,535 374,888 2,236,737 $ - $ 3,968 $ 23,437 R - 37,442 20 87,994 - - 20 87,994 ; 3,968 60,879 1,811,601 14,541 370,90 2,175,858 1,811;601 14,541 37,920 2,175,858 $ 1,811,621 $_ 102,535 $ 374,888 $ 2,236,737 F-5 REVENUE FUND Miscellaneous Lair court it Marathon Special fFnvironrnental Enforcement Facility Abuse, Municipal Revenue 'Restoration 'rust Fees 'Trust service 47,146 165,743 75,345.. 299,211 15,871 92 1,901,111 1,1 0,168, 522,140 2,03 ,825 109,839 52 100 52,52 - 55,202 54,149 2,508 .. 12 8,000 2;2.68,886 5 079 1,330,990 2,291 654978 , 8,395 �,451;580 514 18 128,882 638 25,33 1,006. 3,039 - 2,851 17 98 _ (j 32;88 r d 30,271 88 5,334 2,851 _ (Continued) F-6 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2011 ASSETS Cash and Cash Equivalents `Investments Accounts Receivable, Net Due from Other Funds Due from Other Governmental Units Due from ConstitutionalOfficers Mortgages/Notes Receivable . Allowance for Mortgages/Notes Receivable Interest Receivable Total Assets LIABILITIES AND FUND,BALANCES Liabilities: Accounts Payable Retainage Payable Accrued Wages and Benefits Payable -Due to Other Funds Due to Other Governmental Units Due to Constitutional Officers Other Current Liabilities Deposits in Escrow Deferred Revenues Total Liabilities Fund Balances: Nonspendable Restricted 'Committed Assigned Unassigned - Total Fund Balances Total Liabilities and Fund Balances SPECIAL Bay Point Big Coppitt Key Largo _ Wastewater Wastewater Wastewater Stock Island MSTU MST t MSTU Wastewater, $ 13,195 $ 12,589- $1,825 $ 67,523 91,551 28,731 12,539 468.,648 u 2 2 _ 16 507. 418 201 91 - 2,017 $ 105,1 - $ 41,521 $ 1 A ,473 ,, $ 538;697 $ _ $ 8,577 $ $ 1,175 76 2,477 470 S3 76 11,054 470 1,268 - 537,429 105,088 30,467 14,003 - 105,088 30,467 1,4,003 537,429 $ 105,164 $ 41,521 $ ` 14,473 $ 538,697 REVENUE FUND Cudjoe- Lung Key, Sugarloaf Conch Key - � Layton Duck Key Building MSTLI M TU MSTU MSTU Fund $ 19,517 $ 394 $ 3,127 $ 14,611 $ 148,502 136,335 2,597 21,763 103,238 924,400 - 2 - 9 18- -. _ 1,451 663 2,993 $. 91 24,981 $ . 381,156,533 119,690 ' $ 1,077,56`l` $ 47 . $ $ .�, 1,997 $ 10,636' 960 - 44 2,246 95,670 6,592 1,007 - 8,110 -121,008 - 44 4,243 - - 956,559 155,526 2,993 24,937 115,447 155,526 2,99324,97 115,447 956,559 $ 155,533 2,993 , $, 24,981 $ 11,690 $ 11077,567 --- {Continued}, F-8 MONROE COUNTY, FLI FCOUNTY COMMISSIONERS COMBINING BALANC T- CONITINU,ED NONMAJOR GOVERNMENTAL FUNDS, SEPTEMBER 30,2011 CAPITAL Total Nonrnajor Clerk's infrastructure Special Rev Revenue Revenue Bonds Funds. Note Series 2003 ASSETS _Cash and Cash Equivalents $ 6,154,306 $ 12,731 $ 1,1(2 421 Investments 44, 68,003 88,124 Accounts Receivable, Net 192,261 - - Clue from Other Funds 19,905 Due from Other Governmental Units 3,150,992 - Due from Constitutional Officers 853,806 - Mortgages/Notes Receivable 9,0 7,322 Y Allowance for Mortgages/Notes Receivable (9 037,322) 33,408 Interest Receivable 12,741 371 55,132„014- $ 11,226 1,135.,829 Total Assets LIABILITIES FUND BALCES Liabilities: Accounts Payable $ 2,336,56 $ - _ _ $ 1,051 3721 Retainage Payable Accrued Wages and Benefits Payable _ 679,045 1,50 - Due to Other Fundy 50,264 - Due to Other Governmental Units 56,086 _ - Due to Constitutional Officers 1314,869 Other Current Liabilities 1,02 - - Deposits in Escrow 3,251 Deferred Revenues 155,541 3,416,704 ' - 381,822 Total L,iaiiilitie5 Fund Balances: onsendable 45;653p137, 101,226 754,007 Restricted 5,005,499 Commuted 1,056,674 Assigned_ _ Unassigned " Total Fund Balances 51,71i5,310 101,226'`754,007 Total Liabilities and Fund Balances $ 55,132,014 $ 101,226 $ 1,135,829 f�7 PROJECTFUNDS Total Big Coppitt Duck Key Nonmajor Wastewater Wastewater Governmental - Project Project Funds `$ 362,749 $ 222,114 $ 7,854,321 2,573,431 1,552,374 ' 48,781,932 - - 192,261 . - 19,905 29- _6 3,151;027 421 ; 83 854,3.10 - 9,037,322 (9,037,322) 11,706 5064 243,290 $ -. 2,948,336 ' $ 1,779,641 $ 61,097,'046 " 809,i97 $ 3,146,834 - - 379,221 -, 680,595 44,62Q - 94.',884 134,869 _ - 1,062 " 3,251 - 155,541 44,620 809,197 4,652,343, 2,903,716 970,444 S0,382,530�; - 5,005,499 - - _ 1,056,674, 2,903,716 '' 970,444 56,444,703� $ .; 2;948,336 $ 1,779 641 $ 61,097,046 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30,`2011 SPECIAL Tourist Tourist Affordable Development Development Tourist Housing All Districts , Admin & Promo Development Programs Two Cent Two Cent District #One Revenues: $ - $ 3;647,152 $ 7,557,617 $ 6,502,512 Taxes Licenses and Permits Intergovernmental _ Charges for Services _ Fines and Forfeitures " 2,601; 21,032 34,945. 32,410 Investment Income 4,560 225,761 467,931 208,443 Miscellaneous 7,161 3,893,945 8,060,493 6,743,365 Total Revenues Expenditures; Current: _ General Government _ Public Safety Physical Environment _ Transportation - - 3,315,109 6,061,399 5,272,278 Economic Environment Human Services _ Culture and Recreation Court Related Capital Projects 5,272,278 3,315,109 6,061,399 Total Expenditures Excess/Deficiency of Revenues 7,161 578,836 1,999,094 11471,087 Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds (47,6415) (66,282) (49,101) Transfers to Other Funds_ Debt Proceeds Transfers from Constitutional Officers - - 72,048 149,298 " 91,673 Total Other Financing Sources/(Use: 24,403 83,016' 42,572 Net Change in Fund Balances 7,161 603,239 2,082,110 1,513,659 Fund Balances -October 1 371,191 2,677,007 3,864,436 4,141,198 Fund Balances -September 30 $ 378,352 $ 3,280,246 $ 5,946,546 $ 5,654,857 ` REVENUE FUNDS I Tourist Development Tourist Development Tourist, Development Tourist Development Impact . Fees, Impact Fees, Parks District #Two District #Three District # '- ur FO Distr.ict *Five Roadways and Recreation -,556,659 1,604,976 $ 1,188,322 1,352,302, $ 68,031 34,680 1,396 21,653, 7,702 53,234 -41366 42,469 3,212 46,980, 52,354 579,707. 1,665,912 —��,2�39,668 1,408,572 1-00000 37,892, 511,886 1,695,101 1,461,404 1,299,312 4,066 6,600 511,88 1-,695,101 1,461,404 1299,312 4,066 6,600. ----- — (221,736) 109,260' 106,434 31,292 (11,431) (13,208) (31,088) (475,574) 8,885 26,845 21,372 21,057 (12,392) 15,414, 8,164- (10,031) _(475,5 �4) 55,429 (13,775) (213,572),' 90,229 (369,140) -2 31,92 -- 175,614 1,124,651 L.750,924 604,746 6,407, - 120 4381.476 $ 231,043- 10,,876 537, 703,975 $ —1 6� '037,980 $ 469,768— M O ROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES'IN FUND BAL,q CES-CO TI UED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEM BER 30, 2011 SPECIAL impact Fees, Impact Fees, , impact Fees, Impact Fees,. Libraries Solid Waste ; Police Facilities �_ ` FIrB&-FPS Revenues:. - $_, $ Taxes Licenses and Permits 29,416 5,128 11,965 8,322 intergovernmental Charges for Services _ Fines and Forfeitures 5587 2g 583 1,542 Investment Income , _ Miscellaneous �. _- --- --, -- - 35,003 5,397 12,548 ' 9,864 Total Revenues _ Expenditures: Current: _ General Government w 173,800 Public Safety Physical Environment _ Transportation Economic Environment - Human Services - Culture and Recreation[ Court Related Capital Projects 173,800 Total Expenditures - Excess/Deficiency of Revenues 35;03 5,397 -12,58 (163,936) Over/(Under) Expenditures _e®•--------- Other Financing Sources/(Uses): Transfers from Other Funds Transfers to Other Funds Debt Proceeds - Transfers from Constitutional Officers _ ________ - Total Other Financing Sources/(Uses - _•® _____ems . Net Change I n Fund Balak," Fund Balancr .b Fund t. '' 35,,003 5,397. " 12,548 (163,936} 787,912 36,649 79,320 235,215 $ 822 915 ., $42 046 $_.-_- 91,868 - $ 71,279 F-13 REVENUE FUNDS Fire & Amb Upper Keys Unincorp. Unincorp. Impact Fees,,, District#1, , Health Care_., Area Service Area Service Local Fair Share • Lower and Special - _ ,District, Dist.; Plannin g ' - Housing Housing Middle Keys Taxing DistrictParks.& Rec. .Bldg: & Zoning Assistance',, - $ $ 1,516,230 $ 1,375,208 $ 6,128- 1,576 4,642,744 350,000 -- - 522,822 - 37,849- 638,375 2,741 50,283 - 91788 � 13,180 439;306 42,122 12,306 _ 8,869 - 10,223,148 42 9,830 33,612 1,602,447. 295 7;138;050 - 31,897 394,203 - 442,792 3,142;620 9,038,512 - 1,`974,908 - - - 8,244 295,176 42,555 - . 147,610 _ - 1,397,686. 42;555 147,610 1,405;930 5;412,704 8,869 741,844 (137,780} 196,597. 1,725346 LL�351,648. - (951,744) (14,779)" (183,953) (1,-304;024) - 153,670 - 35;605 , - _ (416,833) (14,779)_ , (183,953) (1,268,419} 8,869 325,011 (152,559). :., 12,564 456,927" 351,648 391,371 3,587,593 1,509,647��-1,304;954 4,801,162 744378 -" $ 400,240 $ 3,912,604 " $ 1,357,088 $ 1,317,518 $ 5,258,089 $ 1,096,026 (Continued) —14 `MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER°3Q, 2011 SPECIAL 911 Duck Key Municipal Enhancement ` " Security Boating Policing = ° Fees District Improvement Revenues: $ 3,617,065 $ - $ . - $ - Taxes _ 75,665 - Licenses and Permits - intergovernmental' 3,208,504 555,411 _' 686,993 Charges,for Services ''Fines and Forfeitures 13,126 580 2,687 14,522 Investment Income Miscellaneous - ----- ---- 6,838,695 555,991 78,352 703,015 Total Revenues Expenditures.: Current: General Government 167,843 1,691 Public Safety 6,'937,371 541,497 - 48,187 - 472,086 Physical Environment e Transportation _ Economic Environment - Human Services Culture and Recreation Court Related _ Capital Projects 7,105,214 541,497 472,086 49,878 Total Expenditures Excess/Deficiency of Revenues (266,519) 14,494. 28,474 230,929 Over/(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds - Transfers to Other Funds (10,215) _ Debt Proceeds - Transfers from Constitutional Officers 106,325 - 504 .; Total Other Financing Sources/(Use: 96,110 504 Net Change in Fund Balances (170,409) 14,494 28,978 230,929 Fund Balances -October 1 1,982,010 , 47 : 341,942 1,944,929 Fund Balances -September 30 $ 1,811,601 $ 14,541 $ - 370,920 $ 2,175,858 F-15 REVENUE FUNDS Miscellaneous Special Environmental taw Enforcement Court'Drug Facility Abuse Marathon Revenue Restoration Trust Fees trust Municipal Service 38,932 321,560 - -' 697,'765 17,6.7E _ 29�,$39 155,043 w - - 14,535 9,035 :3,752 14,993 828 $ 375,279 1 $$ 1,148,145 164,078 � 672,846 18,50 142 176,330 47,000 4 , 158,229 - _ 24,866 196,207 ` 27,344 w 22,250 333,4$4 24,870 733,365 158,229 47,00 77,114 22,25Q 314,780 5,849 (43,247) 595,i32 (3'746) (24;723 `(27,269)_ 55,203 (27,269) (1,191) 55,203 287,511 4,658 11,956 595,732 (24,726) 1,832,879 1,32Q,99$ 643,022 1,852,997 132,628.: 25,364, 2,120,390 L 1,325,656 8 654,978 1 2;448,729 128,882 638 (Continued) F- COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS MONROE COMBINING STATEMENT OF REVENUES, EXPENDITURES -AND CHANGES IN FUND BALANCES -CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30; 2011 SPECIAL Bay Point Big Coppitt Key Largo Wastewater Wastewater Wastewater Stock Island MSTU MSTU MSTU Wastewater Revenues: $ 18 $ 1,069 $ 135 Taxes _ - 61,107 Licenses and Permits intergovernmental Charges for Services Fines and Forfeitures " 712 367 138 3,612 Investment Income, 2,052 Miscellaneous - 2,764 385 1,207 64,854 Total Revenues , Expenditures: Current: 1,843 32 1,004 General Government Public Safety 1,595 46,881 19,486 9,581 Physical Environment Transportation _ Economic Environment _ Human Services _ Culture and Recreation _ Court Related Capital Projects 1,595 48,724 19,518 10,585 Total Expenditures Excess/Deficiency of Revenues 1,169 (48,339) (18,311) 54;269 Overt(Under) Expenditures Other Financing Sources/(Uses): Transfers from Other Funds _ Transfers to Other Funds Debt Proceeds _ 16 507 Transfers from. Constitutional Officers 16 507 Total Other Financing Sources/(Uses) Net Change in Fund Balances 1,169 (48,339) (18,295) 54,776 Fund Balances -October 1 103,919 78;806 32,298 _ 482,653, Fund Balances -September 30 $ 105,088 $ -' 30,467 $ 14,003 $ 537,429 F-17 REVENUE FUNDS Gudjoe- - Long Key, ' Sugarloaf Conch Key -Layton Duck Key Building MSTU MSTU MSTU MSTU Fund $ 1,184 $ 9 $ 40 $ 97,944 $ ` - 2,180,440 53,078 1,274 1 143 903 7,980 2;458 - 10 - 183 - _98,847• 10,836 ' 2,252,334 36 2,186 _ 2,352,731 72,837 1,339 3,443 '42,377 2,352,731- 72,873 1,339 3,443 44,563, -- (70,415) (1,329} (3,260} 54,284 (100,397) 18 - - 1,451 _ 18 - 1,451 (70,3197) (1,329) (3,260) 55,735 (1p0,397} 225,923 4,322 28 197 ` ; 59,712 1,056;956 . $ 155,526_ $ 2,993 $ � 24,937$ 115447 $ 956;559 (Continued) F-18 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALA CES-CO TI UED. O A GOVERNMENTAL FUNDS FOR THE,YEAR ENDED SEPTEMBER 30, 2011, -_ CAPITAL Total Nonmajor 7 Clerk`s Infrastructure Special Rev Revenue Revenue Bonds Funds; - Note Series 2003 Revenues; Taxes 38,609,857 $ Licenses'and Permits 2,519,814 - intergovernmental 5,053,066 - - Charges for Services 6,700,033- Fines and Forfeitures 892,188 - Investment Income 381,661 677 � 3,508 Miscellaneous, - 1,536,518 r= Total revenues 55,693,137 677 3,508 Expenditures. Current: General Government 3,760,051 - Public Safety 21,290,336 - Physical Environment 1,15,140 - - Transportation Economic Environment 19,659,044 - Human Services 366,067 Culture and •Recreatio,n 1,431,630 Court Related 410,598 Capital Projects 35,184 Total Expenditures 48,077,932 - 35,184 Excess/Deficiency of Revenues Overl(Under) Expenditures 7,615,205 677 (31,676) Other Financing So€irces((Uses): Transfers from Other Funds 381,241 - Transfers to Other Funds (3,208,781) - Debt Proceeds - - Transfers from Constitutional Officers 744,479 - Total Other Financing Sou rcesf(Uses) Net Change In Fund Balances 5,532,144 677 (31,66) Fund Balances -October 1 46,183,166 10Q,549 785,683 Fund Balances -September 30 $ 51,715,310 ' $ 1-01,226 $ 754,007. F=19 PROJECTFUNDS Total Big Coppitt Duck Key Nonmajor Wastewater -Wastewater Governmental - Project Project Funds $ 386 $ 76 . $ 38,610,319 642,518 139,597 ., 3,301",929 5,062,-254 _ - 6,700,033 " -, - 892,188 22,156 11,520 419,522 - -1,536,518` 665 , 060 160,381 56,522,763 - 3;760,051 - 21,290`,336- _ 1,156,140 4,066 19, 659, 044 - - 366,067 - - 1,431,630 410,598 868,721 4,699,267 5,603,172 868,721 4,699,267 53,681,104 - (203,661), (4,538,886) - 2,841,659 - 5,000,000 5,381,241 (5,005,734)- - .. (8,214,515) 5,005,734' 5,005,734 ' 421 83 744,983 421 5,000,083 2,917;443 F-20 TY, FLORIDA-BOARD OF COUNTY I SCHEDULEV IT I FUND BALANCES TACTUAL AFFORDABLE1 PROGRAMSSPECIAL REVENUE Variance with _ inalet Original Final Positive Budget Budget Actual _(Negative) Investment Income' $ - 509 $ 2,61 $ 2,1Q1 Miscellaneous 4,560 4,560 Vital Revenues - 500 7,161 6,661 EXPENDITURES: Current: Economic Environment: 39,315290,000 290,000 Affordable Housing Initiatives Excess/Deficiency, of Revenues Over/(Under) Expenditures (39,315 (289,500} 7,161 296,661 Other Financing Sources/(Uses): (7,787) ,(5,000) 5,000 Reserve for Contingencies Reserve for Cash Balance 19 0 0) (9,0 } Total Other Financing Sources/(Uses) (1;77) (14,00 - 100 Net Change in Fund Balances (56,102) (303,500) 71161 310,661 Fun 1 nces, cto er1' 56,102 303,500 37'1,191. 67,691 Fund Balances, September 30 _ $ $ - $ 378,352 $ 378,352 F-21 ROE OU TY, FLORIDA-BOARD OF COUNTYOMMISSIONERS SCHEDULE .OF REVENUES, E PE DITURE CHA E I FUNDBALANCES N BUDGET AND ACTUAL T UR[ T DEVELOPMENT, ALL DISTRICTS, T SPECIAL REVENUE FUND FOR THE YEAR E SEPTEMBER 30, 2011 Variance. i h Final Budget Original Final Positive REVENUES: udget udget. Actual (Negative) Investment _Ir�come_ 3,169,857 TM _ ;169yt�67 3, 47,152 477,265 I�I���ell�rtec�u� 21,032 21,032 f t l evertue . 3,169, 87 _ 225,761 ,395,6 6 225,761 1,3, 5 493,297 EXPENDITURES: ,.. - Crreft Economic nvir ment: Cultural Umbrella �: Fishing Urt�brell 756,600 _ 75,6 607,990 14,610 Dive Umbrella 721 ,300_ 721 300 636,897 64,403 Operations- Events 40,00 1,605,6213 450,000 , 1,631,369 427,576, 1,263, 720 '� 2,42 547,66 gatastrophie E ergency 657,$33 857,833 657,633, Special Projects, Total Expenditures ` 657p433 657,433 358, 92 298,509 ' ,046;994 5,274,755 3,315,109 1 959, 46 ExcesslDfeienc �of'Revehue , C verC(iJ der) pendture ' (1,879,1 _ (1,$79,107} 576,636 2,457,943., Other Financing Sources/(Uses): Transfers to Other Fundy (47;645) (47,645) (47,645) Transfers from Constitutional Officers, 72,Q46 72,048 Tot l Other Financing 474) 4, 24,403 72,046 Net Change In Fund Balances (1,926,752) (1,926,752) 6031239 2,529,991 rid Balances, fober'1 1,926,75 � ,1;9 6,7 2 2,677,007 750,255, Fund Balances, September,30 - - 3,260;246 3,280,246 MONROE'COUNTY, FL ORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, ADMINISTRATION AND PROMOTIONAL, TWO CENT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: $ 6,206,162 $ 6,206,162 $ 7,557,617 $ 1,351,455 Taxes - 341945 34,945 Investment Income 467,820 467,931 111 Miscellaneous Total Revenues 6,206,162 6,673,982 8,060,493 1,386,511 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 5,222,661, 5,641,931 4,672,926 -: 969,005 Administrative Services 715,408 763,958 682,988 - 80,970 1,156,411 Catastrophic Emergency 1,815,419 861;896 1,815,419 861,896 705,485 Special Projects Total Expenditures 8,615,384 9,083,204 6,061,399 05 3,021,21,805 Excess/Deficiency of Revenues Over/(Under)Expenditures (2,409,222j (2,409,222) 1, 999,094 4,408,316 Other Financing Sources/(Uses): { 119,364} (119,364) {66;282} 53,082 Transfers to Other Funds _ 149,298 149,298 Transfers from Constitutional Officers Total Other Financing Sources/(Uses) _ (119,364) (119,364) 83,016 202,380- Net Change in Fund Balances (2,528,586) (2,528,586) 2,082,110 4,610,696 Fund,Balances, October 2,528,586 2,528,586 3,864,436 1,335,850 Fund Balances, September 30 $� - $ - $ 5,946,545 $-.5,946,546 F-23 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS 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,' 2011 Variance with. Final,Budget Original Final, Positive -REVENUES: Budget Budget: Actual (Negative). 'Taxes . Investment Income $ 4,796,236 " $ 4 796,2316 $ '6,502 ,512- .�$ ..1,706, 276 - Miscellaneous - _ 208;443 32410 208;443 32,410 Total Revenues 4,796;236 5,004,679 - 6,743;365 1,738,686 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 3,335,899 3,5441342 3,197,552 - 346,790 , Administrative Services 175,795 - 175,795, 1.33,999' : 41-;796 Special,Events Bricks and Mortar 447,930. 447930- 253,294 - 194,6316 Information Services 2,662,377 302,250 2,653,158 " 302,250 1,314,973 302;250 1;338,185 Beaches Total Expenditures 429,874, 439,093 70,210 368,883 7,354,125 7,562,568 -5,272,278- 2,290,290- . Excess/Deficie ncY of: Revenues Over/(Under) Expenditures - (2,557t889) 2557,889) 1,4711087 4,028,976 Other Financing Sources/(Uses):'-- Transfers to Other Funds - (49101 ) (49,101�) (49,101) Transfers from Constitutional Officers - - - 91;673 91,673 Total Other Financing Sources/(Uses) �49,10� 49,101} 42,572' 91;673 Net Change in Fund Balances (2,606;990) (2;606,99`0) 1,513,659 4,120,649 Fund Balances, October '1 2,606,690 2,606,990 4,141,198 1,534,208� Fund Balances, September'30 $' $ . 5,654,857 $ 5,654,857 -` C SCHEDULE OF REVENUESP EXPENDITURES AND CHANGES FUND BALANCES, -A AND TOU RIST,bEVEL6PM1ENTi'DltTRICT r FOR THEYEAR ENDED SEPTEMBER 30,2011 Taxes Investment Income Miscellaneous Total Revenues - IT Current: Economic Environment: Advertising and, Promotion Administrative Services Special Events Bricks and Mortar Information Services Total Expenditures Excess/Deficiency of Revenues iOver/(Under) Expenditures variance with Final Budget Original Budget i I Buqget Actual Positive _(Negative) 20g974 2,974 ® 556,658 1,396 $ 35,4 1,396 - 21,653 21,653_ - 520,974 542,627, 579,707 37,080 318,8 0 340,513, 315,248 25,265 16776 16,776 14,629 2,147 0,15 0,12518,301 1,824 189,118 189,118 87,708 101,410 76,000 76,000 76,000. - 620,879 642,532 511,886 130,646 ( 9,905) 67,821 167,726 s s): other in ncin Sources/(Uses): Transfers t Other Funds (21,277) {21,277) (21,271) - 8,885 Transfers from Constitutional Officers - - 8,885 Total Other Financing Sources/(uses) {21,277) (21,277} 12,32�' ,85 Net an nBalances ( 121,182) (121g182 ) 55,429 , 176,611 Fund Balances, October 1 121,182 121,182., 175,614 54,432 FundGlances, a to er 3 $ - - $ 231,043 $ 231,043 F-25 MONROE COUNTY, FLORIDA-BOARD OF COUNTY, COMMISSIONERS SCHEDULE F REVENUES, EXPENDITURES AND CHA rl -,-FUND BALANCES e BUDGET AND ACTUAL TOURIST V L T, DISTRICT #THREE SPECIAL REVENUE FUND FORfHEYEAR ENDED SEPT0, 211 Variance with Final Budget Original, Final Positive 'Budget ..Budget --Actual-,.'.- - (Negative) REVENUES: Taxes 1,193,646 1,1.93y646 1,604,976 41 ,330: Investment Incorn - - 7,702' , 7,702 Miscellaneous `Y 53,234 53,234, Total Revenues 1,193,646, 1,246,880 1,6 99 2 419,032 EXPENDITURES: current; EconomicEnvironment:, Advertising and Prom6tion 1,065,51 I 1,1 7,745., 1,031,436 96,309 Administrative Services 52,597. 52,597 35,064 17,533 Speolal vents 153,672 144,672 101,253 3;419 Bricks and Mortar 615,495 615,495 407,348 206914T lnformbtio' n Services,1 '000 120,000 12 ,000 Total Expenditures 2y047,275- _ 21060;509 _ 1,695,101 365,408' Excess/Deficiency of Revenues Over/(Under) Expenditures (13,629) (313,62) (2 ,1691. 3 ,44 Cher Financing, Sources/(Uses): Transfers,to Other Funds,. (11,431)- � (11,431) (1 1; 31} Transfers from Constitutional, Officers 26,$45 6;345 Total Pther Finanoing Sources/(Uses), (11,431 {11,431) 1 5j414 26,845 Net Change in Fund Balances (825,060) (825,060) (13,775) , 311 y285 Fund Balances, October 1 825,060- 825,060 1,124,651 , 299,91 Fund, Balances, September 3 $ 1,,110,676 $ 1,110,376 - F-26 - .. MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS 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, 2011 Variance with Final Budget Original Final Positive B d t Bud at Actual (Negative} u ge g REVENUES: Taxes $ 1,164,600 $ 1,164,600 $ 1,188, 322 $ 23,722 Investment Income - - 4,366 4,366 Miscellaneous _ 46,980 46,980 - Total Revenues 1,1.64,600 1,211;580 1,239,668 28,088 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 1,241;744 1,323,724 1,197„820 125,904 Administrative Services 46,904 46,964 32,003 14,901 Special Events 61,201 26,201 23,343 2,858 Bricks and Mortar 449,604 449,604 98,238 351,366 Information Services 110,000, 1,10,000 110,000 - Total Expenditures 1,909,453 1,956,433 1,461,404 495,029 Exce,WDeficiency of Revenues Overl(Under);Expenditures (744853} (744,853) , 1221,736) 523,117 Other Financing Sources/(Uses): Transfers to Other Funds (13,208)' (13,208) '(13,208), - Transfers from Constitutional Officers - ` - 21,372 21,372 Total Other Financing.Sourcesl(Uses) (13,208) (13208) 8,164 21,372 Net Change in Fund Balances (758,061 ), (758,061) (213,572) - " 544,489 Fund Balances, October 1 758,061 758,061 750,924 (7,137) Fund Balances, September'30 $ - $ - $ 537,352 $ 537,352 F-27 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIO NERS- SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES I FUND, ALA - BUDGET AND ACTUAL TOURIST EVEL T, DISTRICT WFIVE SPECIAL REVENUE FUND FOR THE, YEARE TE 30, 2011° Variance with 'Final, Budget Original Final ` Positive' Budget Budget Actual ( g ti ) REVENUES- Taxes 1,260,143 ,' 1,260,143 , 1,352, 302 $ 9 Investment1ricome- - 3; 16 ,159 3,916 I r 11 r o _ 52,354 52,354 Tot I FZ vn 1;260,143 1,312,497 11408,572 96,075 -EXPENDITURES: Current-, Elconomic Environment: Advertising. and Promotion 32Z;745 906,099 797,319 03$730 Administrative Services ` 43,504 43,504 J 34,065 9,439 Information Services 1 5,000 125,000 125,000. Special -Events 233,853 212,353` 176,350 36,503 Bricks and Mortar 463;463 , _.. 468,483 166,578 301,906 Tot l Expenditures 1,7 3,585 1755,939 1, 99,312 456,627 Fxcess/Deficiency of Revenue Ov&/(Unde r) Exp nd t r (443,442) (443,442) 109, 60 552,702 Other Finan'cmg urce 1( )e ; Transfers to Other Funds (31;068)` (31,088) , (31,053) Transfers from Constitutional Officers _ _ 21,057 1, 57 Total Other FinancingSources/(Uses) 31,033 31,033 (10;0311 _ 1,057, g (474,530) (474,530) 99,229 573,759 _ Fred alanptr 1 474,530 474,530 604,746 130,21 Fund Balances, September 3 _ _. � Y, , $ 703,975 ' 7013,975 I F-3 MONROE COUNTY,FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE EXPENDITURES AND,CIHANGIES I ACTUALFUND BALANCES � BUDGET AND IMPACT FEES - ROADWAYS, SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER11 Variance with Final Budget Original Final Positive Budget Actual (Negative) Licenses and Permits 63,00 3, $ 68,031 5,1 Investment Income 36,000 36,0 421469 6,469 Total Revenues 99,000 99,000 110,500 11;0 IT Current: Transportation: Fair Share I provement County Wide s 422,0916 422,096 = 422,096 Fair Share Improvement Dist 1 475,574 - Fair Share Improvement Dist,2 . 528,192 81192 ' - 8,192 Fair Share improvement Dist 3 1508,724 1,508,724 - ,508,724 Fair Share Improve Key Colony Beach 32,102 32,102 32,102 Truman Bridge Ped Bridge 430,00b 950,000 - 950,000 Bike/Shared Use Path _- 1,86,00 1,00,000 4,66 1,795,34 Total Expenditures 5,196,688 41721,114 4,066. 4,717,048 Excess/Deficiency of Revenues Over/(Under) Expenditures (5,097,688} (41622,114) 106,434 4,728,548 Other Financing Sources/(Uses').:-,, Transfers to Other Funds t Change in Fund Balances Fund Balances, October 1 Balances, September 30 (475,574) (475,574) ( ,097, 8) (,097,688) (369,140} 4,7 8,548 5,097,688 5,097,688 6,407,120 1,39,432. ® $ _ 6,037,980 $ 61037,980 MONROE COUNTY FLORIDA-BOARD OF COUNTY CO'1 I1 I F C mBUDGET -ONERS I ACTUAL IMPACT FEES m'PARKSAND RECREATIONSPECIAL REVENUE FUND FOR THE YEAR.ENDED SEPTEMBER11 Variance i Final Budget -Original Final Positive Budget-, Budget Actual (Negative) REVENUES: Licenses n Permits 24,000 24,000 34,680 10,680 Investment Income 2,500 2,500 ,212 �� � 712 Total Revenues 26,500 26,500' 37,692 11,392 EXPENDITURES:, Current: Culture and Recreation: District 1 Projects 47,166 15,165 - 15,165 District 2 Prcl cts 179,5 1 - 179,581 179,531: District 3 Prcjeots� 46,195 . 46:195 46,195 Bay Point Park 504000 50,'000 50,_000 Big Coppitt Park- 20;000 20,000 _ 20,OOC3 Palm VillaPark 25,000 25, 0 25,000 Watson tson Field 12,000 12,000 12,000 Bernstein Park , - 32,000, 6,600 25,400 Taal Expenditures 379941 379,941 6;00 373,341 Net Change in Fund Balances (353,441) 53,441) � � 31,292, 334,733 Funn, Iancd,§, October 1.,�` > � 353,441 = 353,441 � 438, 7fi 35;035 Fund Balance' a, September 30, 469,768 , $ 469,768 F-30 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT _.FEES - LIBRARIES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011, Variance with Final Budget Original Final Positive - Budget Budget Actual _ (Negative) - REVENUES: Licenses and Permits $ 20,000 $ 20,000 $ 29,4116 $ 9,416 in.vestment,lncome 5,000` 5,000 587 " 587 Total Revenues- 25,000 25,000, 35;003 10,003 EXPENDITURES: Current: Culture and Recreation: County Wide Library Projects 549,221 549,221- - 549,221 Library Automation 46,455 46,455 - 46,455 - Total Expenditures 595,676 595,676 - 595,676 Net Change in Fund Balances (570,676) (570,676) 35,003 _ 605,679 Fund Balances, October 1 570,676 570,676 787,912 217,236 Fund Balances, September 30 $ ` $ $ 822,915 $ 822,915 F-31 MONROE COUNTY- FLORIDA-BOARD OF COUNTY COMMISSIONERS 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, 2011 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) $ 7,000- $ 7,00'0- $ 5,128 ��$ (1,872)` 300 300 269: (31) 7,300 ,' 7,300 5,397 _ (1,9 ` 37,211 37,211 37 211 (29,911) (29,911)- 5,397- 35,308 29,911 29,911 36,649 6,738 42,046 $ .42, 0146� COUNTY,MONROE 1 _,COUNTY COMMISSIONERS SCHEDULEINGES IN s AND ACTUAL BALANCES - T' IMPACT FEES POLICE FACILITIES SPECIALREVENUE FUND FOR THE YEAR ENDED , 2011 Variance with Final Budget Original Final Positive, Budget Budget, Actual (Negative) Li censesREVENUES: and, Permits $ 15,0 15,000 11,965 $ (3,035) Investment Income 500 500 53 83 Total Revenues 15,00 15,500 12,548 (,952} IT Current: PublicSafety- County Wide Police Facility 78,54 78,584 - 78,54 Net Change in Fund Balances (63,084) (63,084) 12,548 75,632 "Fund Balances, October 1 63,084 63,084 79,3 0 16,23E Fund Balances, September - - 91,868 91,868 F-33 COUNTY, FLORIDA-BOARD OF COUNTY G l lONERS , SCHEDULE OF REVENUES, EXPENDITURESl FUND,L C BUDGET AND ACTUAL'' IMPACT .. F - FIRE AND EMS SPECIAL I REVENUE THE YEAR ENDED , FT3, 2011 Variance -with ._ Final, ud t' OriginalFinal Positive Bridget _Bud et:' ` Actual (Neg tiy/ ) REVENUES:, Licenses and F'errriit 6,000 - 6,000 $ 181322. 322 Investment Income 700 700 1;542 642 v T16te1 e' venue 6,700 6,700 9,r364 1,16 X . 11 a irrent; Public, Safety:, - District 1 Fire & EMS Project 35,525 1102 . - 1,025. District 2 Fire & EMS Prclect 6,320 6,339 6,339 District 3 Fire & EMS Prefect 71,974 6,493 -, , 8,493 Key C61ony Beach,Fire & EMS 1 ,60 4,054 4,054 District 1 Fire Hydrants' 69,625 59j850 � 9,97 District 3 Fire' Hydrants - 93 000 9� 000 s District KCB Fire Hydrants 15,950 15,950 Total Expenditures 1 7,4 1 ___.203,686 173160& 9,356 et Changein -Fund Balances'(118,721) (194,9 6), (163,936) 31,050- Fiend Balances, October 1-, 113,721, 194,9$6 235,215 40,229 ' ^ Fund Balances, September, 30 � 71,279,' � 71,279''.� F-34, MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES -'EMPLOYEE FAIR SHARE HOUSING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER'30, 2011 Variance with Final -Budget Original Final Positive . Budget Budge Actual (Negative) REVENUES: Licensesand Permits $ 10„000 $ , 1Q000 $ 6,128 $ (3,872) Investment Income 2,500 1,500 2,741 241' (3,631) 12,500 12,500 8,869 Total Revenues EXPENDITURES: Current: Economic Environment: District 1 Employee Fair Share Hsg 166,826 ; 166,826 District 3 Employee Fair Share Hsg 124,324 124,324 - 124,324 Total Expenditures 291,150 ' 291,150 - 291,150 -Excess/Deficiency of Revenues Over/(Under) Expenditures ' (278,650) (278,650) 8,869 287,519 Other Financing Sources/(Uses): Reserve for Contingencies (32,350), (32,350) - 32,350 Net Change in Fund Balances (311,000) (311,000) 8,869 319,869 Fund Balances, October 1 311,000, 311,000 391,371 80,371 Fund Balances, September 30 $ - $ - $ 400;240 $ 400,240 F-35 MONROE COUNTY; FL ORIDA-BOARD OF COUNTY COMMISSIONERS' SCHEDULE,OF -REVENUES,, EXPENDITURES AND CHAN GES IN FUND BALANCES A - BUDGET AND ACTUAL FIRE AND A U. LA CE ` I T I T #1- LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER30, 2011 Variance with Final Budget Original, Final Positive' Budget Budget Actual (Negative) ' REVENUES.Taxes 9,971,823 9,971,828 $ 9,5 1,297 (330,531) Intergovernmental " 46,000 43;000, 56,746 10,746 , charges for.Services 300,000 300,000 522,E 2 ,, 222,822 Investment Income0,0.00 20,000 50,283 30,233 cat l Rev el,n s 10,339,32F3 „10,339,623 10,223,148 (116,680)• EXPENDITURES: ,Current: General Government:,,, Tax Coll cto 386,989 386,9 9, 273,781 113,208 Property Appraiser 156,01.1 169,011 169,011 . 543,0Q0 556,000 442,7 2 113,208 Public Safety - Fir , eResdue -",Central 2,485,462 2,485,462 2,244,049 1 13 SFER Progmrr� _ 1,317,164 11317,164 1,311,705 5,459 ,Lower &,Middy Keys Ambulance Gist 5y63 P052 5,635,052 5,462p753 1,52,294 otal PI blfc,Safety 9p437,673 Y. 9,437,676 9,038,512 399,166 Physical Environment: Wastewater upgrade 33,500 36p500 p 33,500 Total Expenditures 10,019,173 10,032,173 9,431,304 550,874 Excess/Deficiency of Revenues Overi(Under) Expenditures 320,650 307,650 741,$44 434,194 Other inancin o r es!(t ses)e ,Reserve for onting ncies (40,000)' (27,000) 27,000_, Rssdrve fear Cash Balance (2,232,170) (2,232,170) - 2,232,170 Transfers -from Other Funds 'Transfers 379,440, 379,440 31,241. 1,601 to Other Funds (1,101,674) (1,101,674) (951,744) 149,930 Transf(�rs from Constitutional Officers 35,000 05,000 153,670 3,670 Total Other Financing -Sources/(Uses), (2,909,404) (2,696,4'Q4} (416, 33} .2;...§ 1' Charge in Fund, l n s (2,533,754) (,563,754) 325,011 2,913,765 Fund Balances, October 1 2,533,754_ 2,566,754 . 3,587,593 993,639- Fund Balances, September 30 .._.._ e - 3,912,604 3,912,604 F-36 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET_AND'ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE YEAR.ENDED SEPTEMBER 30, 2011 Variance with Final Budget Original Final Positive Budget Budget:,,Actual (Negative) REVENUES: Investment Income $ 5,000 $ 5,000 $ 9,788 'Miscellaneous � -:� � � � - - 42 42 Total Revenues 5,000 , 5,000" 91830 4,830 EXPENDITURES: Current: 'Human Services: Trauma District Administration 89;345 89,345 74,862 14,483 Trauma Transportation and Treatment 200,000 200,000 72,748 127,252 :. Trauma Pretransportation 2,000 2,000 - 2,000 Trauma Facility Upgrade 100 100 - 100 Total Expenditures 291,445 291,445 147,610 143,835 Excess/Deficiency of Revenues Over/(Under) Expenditures (286,445) (286,445} (137,780) 148,665 Other Financing Sources((Uses): Reserve for Contingencies (44,027) (44,027) - 44;027 Reserve for Cash Balance- (88,100)_ (.88,1'00) 88,100 Transfers to Other, Funds (14,779} (14,779) (14,779) - Total Other Financing Sources/(Uses) ' (146,906) (146,906) (14,779} 132,127 Net Change in Fund Balances ` (433,351) (433,351) �� (1,52,559) 280,792 Fund Balances, Octoberl 433,351 433,351 1,509,647 1,076,296 . Fund Balances, September 30 $ - $ - $ 1357,088 $ 1,357,688_ F-37 MONROE COUNTY1;FL l U T'Y COMMISSIONERS SCHEDULE REVENUES, EXPENDITURES AND CHANGES I ,FUNDALA C - BUDGET AND ACTUAL R UNINCORPORATEDA E VIC DISTRICT 'PARKS,AND RECREATION SPECIAL REVENUE FUND FOR THE YEARDED -SEPTEMBER 30, 2011 Variance with Final Budget Original �, Final � � Positive Budget Budget Actual: (Negative) ,-REVENUES: Taxes 1,583,843 $ 1,583,843 $ 1,51 ,230 : (67,613) Intergovernmental 11500 1,500 1;576 76: Charges tor Services 4 ,000 : 45,000, 37,849, ' (7,151) Investrhent Income 3,000 8,000 13;130 5,130 Miscellaneous 20,000 20,000 33,612 13,612 Total Revenues 1,656,343 1,655,343 1;60 ,447 (55, 96} EXPENDITURES;. Current: Physical Environment: ment. Wastewater Upgrade 112j750 112,750 3,244 104,50 Cultu, re and Recreation: Parks & dashes Unincorporated 1,578'724 1,576,724 11133a493 ,390,231' 4acob,s Aquatic Center 180,000 180,000 180,OO '> _ School Board Interlocal 32,000 32 ,000 29,193 2,307 Total Culture and,Recreation 1,7 0,72 11,790,724 1,39 ,636 393,033 Total, Expnditures 1903,474 1,903,474 1,40 ;930 497,544 Inver/(lender) Expenditures (25,131) (245,131) 1969517 41,643 _ Other roan ing.Sources/(U )n Res ry f6r Ccnfingencies (20,000) (20,000) 20,000' Reserve for Cash Balance (355,463) (355,463) - 3551463 Transfers to Other Funds „ (183,953). (183,953j (183,953) Total Other Financing Sour&es/(Uses) L 59,416) (55�,416) (133,953 375,463 Net Change in Fund Balances (804,547) (804,547) 12,564 317,11.1' Fund Balances', October 1 004547 � �30 ,547 _^ 1,304,954 � 500,407 Fund Balances, ept mb r.30 - ` - - °' 1,317,513 1,317,513 F-33. r • •CHANGES �► »,.BUDGET , UNINCORPORATED BUILDING 1ZONING SPECIAL '., REVENUE iy..' FOR THE YEAR ENDED, REVENU ES: Taxes Intergovernmental Charges for Services Fines and Forfeitures Investment Income` Miscellaneous Total Revenues Expenditures:, -. Current: General- Government: Tex Collector Property Appraiser Growth Mgmt County Attorney Planning Department 2010 Comprehensive Plan GIS Planning Commission Growth Mgmt Administration Planning and Building Refunds Total'General Government PublicSafety: Code Enforcement Fire & Rescue Coordinator Fire Marshall Total Public Safety Physical Environment: Pump -Out Vessel ` Environmental Resources Total- Physical Environment Total Expenditures Excess/Deficiency of Revenues Over/(Under) Expenditures variance with Fiscal Budget Original Final oksitive' Budget Budget. Actual (Negative) $ 1,5211747 1,521,747 $ 1,375,208 $ (14,53) 4,864,133 4,864,133 4,642,744 (221,389) 560,000 560,000 638,375 78,375' 150,000 150,000 '439,306 289,306 - 50,004 50,000 42,122 (7,878) 4,000 4,000, 295 (3,705) 7,149„880` 7,149,880 7,138,050 (11,830) 75,000 75,000 65,1'28 9,872 41,240 41,240 39,920 1,320 527,76 527,746 491,712 36,034 1,189,70 1,098,204 1,052;378 45,826 260,000 310,000 265,720 44,280 199,855, 199,855 -168,827 31,U28, 84,17 84,167 8111,845 2,322 773,577 1,002,877 975,097 27,780 4,000 1,993" " 2,007 1,1511289 3,343,089 3,142,620 200,469 - 1,203,570 1;090,570. 995,331 95,239 788,068 788,068 727,249 60,819 330,639 330,639 252,328 78,311 2, 22,277 2,209,277 1,974,908 234,369 34 `34 r 297,679 <297,679 295,142 2,537 297,67 - 297;713 295,176 2,537 5,771,245 5,850,079 5,412,704 437,375 1,378,635 1„299,801 1,725,346 425,545 E (Continued) MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS C L.REVENUES,XF' IT"tf , A C G I. F BALANCES m BUDGETIAND ACTUAL -CONTINUED UNIN60RPORATED AREA SERVICE.I)18TRICT PLANNING, . -BUILDING AND. ZONING SPECIAL REVENUE FUND ' F® T A ENDED T, 30, 2011 Variance With Final udget _ Original Final Positive , Budget Budget Actual Other Financing Sources/(Uses): (Negative), Reserve for Contingencies -(138,923) (34,194) 34,19�4 Reserve for Cesh Balance (1,306,553) (1.,306; 83) 1;306;533' `Cr nsfers'to Other Funds ' . (1,279,024) (113 4, 2 ). (1,304 024) Transfers from, Constitutional Officers 4 35,605 Total Other Financing,Sburces/(uses) (2,723;635) - �{2,644,50�) (1,268,419) 35,605 1,376,382 " Net Change in Fund Balanced (1,345,000) (1,3 5,Oi}0) .�. 456;927 1,601,927 Fund Bala n es, October 1 1,345,0001,345,000 - 4,801,162 3,456,162 Fund Balances, eptern er30'�� _, � , . � _�:�. $ 5,253,069. $: 5,255,08.9 F-40 ... P EXPENDITURES 1,., CHANGES SCHEDULE FUNDf # # [ # # LOCAL ASSISTANCE YEAR M SEPTEMBER 301,2011 Intergovernmental Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Economic, Environment: Homeowner Assistance 10 WW Homeowner Assistance 09 D11 Fair Housing 09 Fair Housing 10 Fair Housing 11_ Administration 0 Administration 10 Total Expenditures` Original Final' Positive - et Budget ActUal (Negative) $ - 350,000 350,000 717 112,306 11,589 22,099 9,798 22,816 394,203 , 371,387 273,773 51,8 1,958 550,000 1013,667 22,653 9,900 12,753 5,000 5,000 5,000 51000 - 5,00 - 5,000 ` 5,000 15,730 15,730 15,718 12 53266 30,447 14,979 15,468 456,46 ` 635,788 42,55 593,233 Excess/Deficiency of Revenues Over/(Under) Expenditures 456,36) (612,972} 351,648 964;620 Other Financing Sources/(Uses): 15,0 00 Reserve for ,Contingencies (20, ) - (15,000) (108 93) - - 12 ,934 Reserve for Cash Balance Total -Other Financing Sources/(Uses) (20,000� (123,934) - 123,934 e n e in Fund Balances 476,436 ( ) ( 736,9106) 351;64 1,0 8,554_; Fund Balances, October 1 476,436 736,906 744,378 7,47 7- Fund Balances, September 30 $ $ - 1,096,026 1,096,026 F-41 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL _MUNICIPAL POLICING SPECIAL REVENUE FUND FOR THEYEAR ENDED SEPTEMBER 30, 2011 Variance with`- Final Budget Original Final Positive Budget. 'Budget ,Actual (Negative} REVENUES: Taxes $" 3,764,434_ $ 3,764,434 $ -'3,617;065 $ (147,369) Charges foe Services 3,273,269 3,273,269 .3,208,504 ` (64,765j Investment Income 15,000 " 15,006 , _ 13,126 ',(1,874) Total Revenues 7,052,703 7,052,703 6,838 695 _ (214,008) EXPENDITURES: Current: General Government: - Tax Collector, 140,000 140,000 104,101 35,899< Property Appraiser,62,143 68,143 63,742 . 4;401` _ Total General Government 202,143 208,143' 1671843 40,300 Public Safety: - Insurances Unincorporated &Layton 437,265, 437,265 435,520 - 1,745, Insurance Islamorada 191,430 190,640 190,240'`, 400 Insurance Marathon 163,796 175,189 175,187' 2 .Sheriff Unincorporated & Layton , 3,320,022 _3,320,022 . 3,�320;022 - Sheriff Islamorada . 1,5171949 1,517,949 11517,949 - ,Sheriff Marathons , .1,298;453� ,. 1�,208453 1,298,453 Total Public Safety 6;928,915 6,939,518 6,937,371 - 2,147 Total Expenditures 7,131;058 7,147,661 7,105,214 42,447 Excess/Deficiency of'Revenues Overl(Under)Expenditures (78355) (94,958) (266,519)";(171,561) Other Financing, Sources/(Uses): Reserve for Contingencies (100,040) (83,397) - 83,397 _ Reserve for GashBalance (1,290;044)' (1,290,044)- - - 1;290;044 Transfers to Other Funds (10,215) (10,215)- -Transfers fro m,Constitutional Officers. 100,000, 100,000 106,325 _ ,6,325 Total Other Financing Sourcesl(Uses)' (1,300;259} (1,283,656) 96,110 1,379,766 Net Change inFund �Balances _ (1;378,614) ' ' (1,378,614) - (176,409) : 1,208,205 Fund Balances., October 1 1,378,614 1,3.78,614 1,982�,010, 603�,396 _ Fund Balances,, September 30$ - $ - $ A,811;601, $1,811,601 F-42 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS, SCHEDULE OF REVENUES, EXPENDITURES' AND CHANGES IN FUND BALANCES - BUDGET -AND ACTUAL 911 ENHANCEMENT FEES SPECIAL REVENUE`FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with . 'Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 450,000 $ 639,000 $ 555,411 $ (83,589) Investment Income `1,000 11000 _-- 580 451,000 640,000 555,991 '(420) - 84,00 Total Revenues' EXPENDITURES: Current: Public Safety: 911 Enhancement Fund 237,975' 293,975 257,105, 36,870 911 Wireless ` 190,475 323,475 284,392 39,083 Total Expenditures 428,450 617,450 541,497, 75,953 Net Change in Fund Balances 22,550 22550 14;494 (8,056) Fund Balances, October 1 (22;550) (22,550) 47 22,597 Fund Balances, September 30 $ - $ - $ 14,541 $ 14,541 F-43 . MONROE COUNTY,:FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE p IT U E HA I FUND BALANCES - BUDGET. AACTUAL UAL DUCK KEY SECURITY I ICT SPECIAL REVENUE FUND" FOR THE YEAR, ED SEPTEMBER 30, 2011, Vrlanc with Fln6l,Budget Original ,Final psltiv ot' udget Actual (Negative) Licenses, ridPermits" 73,000 $ 73,000 $ 75,665� ,$ 2,665 lnvesiment Income 2,000 2,000 ,637 637 Total'R venu s 75,000 75;000 78,352 3,352 EXPENDITURES:' Current, General Government: Tax Ccslleetor 3,650 3,650 1,691 1,9 9 PUbli Saftyw Island Security 230,267 230, 67 45,157 1,82,080 Total Expenditure" p 33,917 233,917 49,373 134,039 ExcessfC} ficie'ndy of Revenues Over/(Under), Expenditures, - 58,917 — �15&,917} . 20,414 187,391.' nth r FinancingSources/(Uses):. Reserve forContingencies (33;417) , ' ��(33,417) � � � �� 33;417 Reserve for Cash=E361ance . (66,834) (66,634) 66,834 Transfers from Constitutional Officers - - 504 504 Total Other Fina-ncin _ o r esl(Us s) (100p 51} (100,251) 504 1 0;755 , Net Change to Fund Balances, (59,163� (259,163j 28,978 288,146, Fund Ba lances,- October 1 259,163 . 259,163 3411042 32,774 Fund Balances, September :,:370,9 0 $ 370,920 MONROE COUNT I Y,,FLORIDABOARD, OF COUNTY COMMISSIONERS, R r #� REVENUES, EXPENDITURES AND CHANGES SCHE FUND BALANCES ; BUDGET "AND ACTUAL Y *OVEMENT SPECIAL A D r • THE YE I ♦ r ENDED * s Charges for Services Investment Income Miscellaneous Total Revenues EXPENDITURES: Current: Physical vi a t: Boating Improvement Boating Imp Fees/Retained Vessel Total Expenditures Variance with Final Budget Original .Budget` i 1 et Actual(Negative)" to itive 500,000' 10,000 ® 02,409 10,000 686,993 14,522 1,500 184,1584 4,522 1,500 510,000 512,409 703,015 10,0 550,000 20,774 550,000 253,183 365,706 106,380 184,294 146,803 750 774 80,183 472,086 331,097 , Excess/Deficiency of Revenues Over/(Under) Expenditures (240;774) (290,774) 230,929 521,703 Other Financing ' rcesl( ses). 15,880' Reserve for Contingencies (10,80) (2 4,1 0) (15,880) (214,130) - - 214,130 Reserve for CashBalance Transfers to Other Funds (38,00) - _38;000 Tatar Other Financing Sources/(Uses) (318,010) ® _ ,010� - 8,010 Net Change in1 noes ( 784) 558, ( 558'784) 230,929 789,713 Fund I ces, toe 1 558,7 4 558,784 1,944,929 1,386,145 Balances, September 3 $ - $ - 2,175,858 $ 2,175,858 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE'OF REVENUES, EXPENDITURES AND CHANGES 1N FUND BALANCES -,BUDGET AND ACTUAL MISCELLANEOUS SPECIAL REVENUE FUND FORTHE YEAR ENDED SEPTEMBER 30,1011 Variance with Final Budget Original Final Positive - Budget, Budget Actual (Negative) - REVENUES: Licenses and Permits $ . - $ 38,932, $ 38,932 $ Charges for Services - - 730,953 321,560 (409j393) .Fines and Forfeitures - 212,370 297,839 85,469 ,. Investment Income 14 535 14,535= Miscellaneous 41.5,180 375,279 39;961) Total Revenues - 1,397,435 1;048,145 (349290 EXPENDITURES: -, Current: General Government: Conservation land Purchase, _ - 456 000 - 450;000 Public Safety; . Interagency Communications - 175,000 157,109 17;891 Education -Building Department 23,500 38,678` 18,316 20,362 Environmental Resource Education - 23,754 905 22,849 Total Public Safety 23;500 2$7,432 176,330. 61,102 Economic -Environment:. , Climate Leadership. Summit 40,000 _ Human -Services: � FL Keys Council for the Handicapped - 7,829 143 71686 Animal Control Citations - Bayshore Donations - 1,610 177 1433; Traffic Educ,, Ord 021-2002 168,619 _ 187,216 168;618 18,598 Legal Aid - 27,787 .27,269 518. Total Human Services - 168,619 224,622' 196;207 - 28,415 Culture and Recreation: Settler's' Park Landscaping 11,711 11,711 . 11,711 Library' Special.Programs` � � - 38,759. ;� � 27,344 _ 11;415 Library Donation -Golan Trust _ 375 179' 375;179 . Total Culture and Recreation 11,711 425 649 27,344 398,305 Court Related: '- Alt Dispute Resolution'- Civil 10,828 10;'828 2,5278 8,301 Teen Court - Ord-016-2004 - 27,787 ` 27,269 518 Ord 016-2004 St Court Sup 100,000 127,787 ` 44,288 83;49:9 SA Ot Tech FS28.24(12)(E) 375�000 4 5,J42 � ' 39,366` 386,576 PD Ct Tech FS28.24(12)(E) 91856 �� 71;171, 49,941.21,230 J Ct Tech FS28.24(12)(E) 195,454 280,357 _ 1,70,093 110,264 Total Court Related - 691,138 ° 943872. 333;484 610,388 (Continued) F-46 MONROE COUNTY, FLORIDA=BOARD OF COUNTY COMMISSIONERS ,SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL.- CONTINUED MISCELLANEOUS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEM13ER 30, 2011 Variance with Final Budget Original Final Positive -Budget Budget Actual (Negative) Total Expenditures 894,968 2,321,575 733,365 1;58.8,210 Excess/Deficiency of Revenues Over/(Under ) Expenditures 894,968} (924,140) 314,780 1;238,920 Other -Financing Sources/(Uses): Reserve for Contingencies (431,372) (374,413) -' 374,413 - Oth F d - (27 787) (27,269) 518 Transfers to er un s Total Other Financing Sources/(Uses) (431,372) (402,200) (27,269) 374,931` Net Change in Fund Balances (1,326,340) (1,326,340) 287,511, 1,613,851 Fund Balances, October 1 :1,326,340 1,326,340 1,832,879 506,539 Fund Balances, September 30 $ - 5 2,120,3190 $ 2,120,390 F-47 MONROE COUNTY, FLORIDA-BOARDCOUNTY, COMMISSIONERS SCHEDULE REVENUES, EXPENDITURES AND CHANGES I BALANCESFUND T AND ACTUAL ENVIRONMENTAL RESTORATION SPECIAL REVENUE FUND FOR THE -YEAR ENDED SEPTEMBER-130, 2011 variance with, Final Budget Original-.,' Final _ 'F sitive Budget, a e Actual ( ti ) REVENUES: Fines and Forfeitures 1 0,000 10 ,00 155;04 . 5,043 Investment Income 10,000 10,000 9-035 - {966) Total Revenues 110,000 110,000 - 164,078 54,076 EXPENDITURES: ,Current: ys# l Environment: Environment l Restoration 192,444 91,210 158,229 ' 32,931 Excess/Deficiency of, Revenues Over/(finder) Expenditures 82,444) (51,21.0) 5,649 : 67;059 - Other Financing Sources/(Uses).' Reserve fear ontingen cies (7,774) (27,774) 27,774`„ Reserve for Cash Balance (55,552) (55, 5 ). ,552 Trfr to Other Funds - (1,234) _ (1;191) 4 Total Other Financing Sour6esf(Us0s_ ), 83,326 L1;191 63,369 t Change In FendBalances'(165,770) 165,770) 4,656 170,428 Fund Balances , ctor 1 165,770 165,770 1,32 ,996 1,155,228 Fund, lnc September 3 - 1,,656 1,25,65 F-48 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with Final Budget Original Final Positive Budget'_ Budget Actual (Negative) REVENUES:.. investment Income $ 5,000 $ 5,000 $ , 3,752 $ (1,248) Miscellaneous - 214,474 1 (214,473) '. Total Revenues 5,000 219,474 3,753 ' (215,721) EXPENDITURES: Current: Public Safety: Law Enforcement 30Q;760 515,234 47,000 468,234 Excess/Deficiency of Revenues Over/ Expenditures (295,760) (295,760) (43;247); 252,513 . Other Financing Sources/(Uses): Reserve for Contingencies {42;830) (42,830) - 42,830 Reserve for Cash Balance (84,710) (84,710) - 84,710 Transfers from Constitutional Officers.- - - 55203 55,203 Total Other Financing Sources/(Uses) (127,54o (127,540) 55,203. 182,743- Net Change in Fund Balances (423,300) (423,300) 11,956- 435,256 Fund Balances, October 1 Fund Balances, September 30 4213,300 423,300 643,022 219,722 $ $ - $ 654,978_ $ 654,978 F-49 , COUNTY, FLOR'IDA-BOARD OF COUNTY COMMISSIONERS 'SCHEDULEVEXPENDITURES AND C HANGESIN FUND ALA -:BUDGET AND ACTUAL COURT FAC11LITY FEES SPECIALREVENUE FOR . YEARIENDED SEPTEMBER 2011 Varianc6 with Final Budget Original -Final Positive Budget Budget., Actual',(Negative), REVENUES: Charges for Services- 300,'000 :=300,1000 657,765, - �357g765� Investment Income 10,000 10,000 `- 14,993 4,993- :Miscellaneous3 3 Tot l Revenues 310,000 310,000 672,E 46 36 ;646 EXPENDITURES:, Current; 'Court, Related; Court Facility , _ 623,302 264,371 77;.114 177,257 Fx s A efici racy of Revenues-. v r/(Under) Expenditures (31 g30) 55,629 595,732 540,103 Other Fir»rrcin Sources/(Uses): Reserve for Contingencies (100,776� (50y773) - 50,778 Reserve for Cash Balance (283,198) '( 83,196) Transfers, to,,Other Funds � . " (419,431) 419,431 Total -Other Financing Sources/ Uses) - 83,976} (753,�407�" - =753,407, Net"Ch nge in Fund Balances' �� ��� (6,97,778) (697,776) 595,732 1, 93,510"� Fund Balance's October 1 697,778 697,778 , 1 852,997 1 y155g219 Fund Ia rm i September 0 1446y 29 21446,729 F-50`: MONROE COUNTY, FLORIDA-BOARD OF COUNTY, -COMMISSIONERS, SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL DRUG ABUSE TRUST SPECIAL REVENUE FUND' FOR THE YEAR ENDED, SEPTEMBER 30, 2011 Variance with Final Budget' Original" Final Positive Budget Budget Actual (Negative) ,REVENUES: Charges for Services $ 10,000 $ 10,000 $ 17,676 $ 7,676 Investment Income 1,000 1,000 828 (172) Total Revenues 11,000' 11,000 18,504 ' 7,504_ EXPENDITURES: Current: Human Services: Drug Abuse Trust Fund 78,165 78,165 '22,250 55,915 Excess/Deficiency of,Revenues Expenditures (67,165) (67,165) (3,746) ' 63,419 Other Financing `Sourcesl(Uses):" Reserve for Contingencies (11,190) (11,190) - 11,190 Reserve for Cash Balance (22,55,0) (22,550) - 22,550 Total Other Financing Sources/(Uses) (33,7401) (33,740) - 33,740 Net Change in Fund' Balances (100;905) (100,905} (3,746) 97,159 Fund Balances, October 1= -100,905 100,905 132,628 31,723 Fund Balances, September 30 $ $ - $ 128,882, ' $ 128,882 OF COUNTY, FL l A- F COUNTYCOMMISSIONERS SCHEDULE FREVENUES, EXPENDITURES AND CH .I BALANCES -BUDGET,AND ACTUAL , MARATHON, , I IPAL SERVICE TAXING UNIT SPECIAL . REVENUE FUND FOR THE A TE , 2011 Variance with Final Budget,. Original Final Positive, Budget Budget Actual , tiu) . REVENUES: " Taxed ' - 119 119 Investment Income 23 ' � 23'. Total Revenues - 142 14 EXPENDITURES: ` Current: General Government: Tax Collector Fees 1,258 60' 4,�6 Physical Environment: 'Marathon Wastewater 28,094 ' ,0 24,666 15 total Expendlttires � �� � 29,352,'' �25,075 24,870, � 205� � x ss"Peficiendy of Revenues Over/(Under) F p rditures(9,35) (25,r 76) (2 ,723).; 347� Other Financing ourFe f(U ) Reserve for Contingencies (4,1 3) (8', 70) 8,470, Reserve for Cash Balance (6,3 6) (3,386) 8386 Transfers from Constitutional Officers ' _ 2 2. Total Other Financing Sources/(Uese) (12,579 -, (16,656) 2 16,363- Net Change ire Fund Baiances (41,931) _. (41,931) (2 4,726) 17,205 -Fund Balancis,October 1 41-,931 4 1,931 262364 (1,6, 67) Fund Balances; September 30 _ - 633 636 F=52 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. BAY POINT MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ - $ - $ 712 $ 712 Miscellaneous - 2,052 2,052 Total Revenues - - 2,764 2,764 EXPENDITURES: Current: General Government: Tax Collector Fees 2,488 2,488 2,488 Physical Environment: Bay Point Wastewater 55,559 55,559 1,595 53,964 Total Expenditures 58 047 58,047 1,595 56,452 Excess/Deficiency of Revenues. Over/(Under) Expenditures' (58,047) , (58,047) 1,169 59,216 Other Financing Sources/(Uses): = 8,292 Reserve for Contingencies _ (8,292) (8,292) - 16,585' Reserve for Cash Balance (16,585) {16,5815 - '24,877 Total Other Financing Sources/(Uses) (24,877) (24,8777 - -Net Change in Fund. Balances (82,924) (82,924) 1,169 84,093 Fund Balances, October 1 82,924 82,924 103,919 20,995 Fund Balances, September 30 $ - $ - $ 105,088 $ 105,088 F-53 MONROE COUNTY, FLORIDA-BOARCOUNTY COMMISSIONERS'— SCHEDULE F REVENUES, EXPENDITURESAND CHANGESI FUND BALANCES'- BUDGET AND ACTUAL I. P ITT MUNICIPAL SERVICE TAXING tJ IT' P CIAL REVENUE FUND FOR T 'YEAR ITT P 30, 2011 Variance.with Hirst Budget Original Final, Positive d t t Actual ( ti )� REVENUES: Taxes. $ - 16 V 1 Investment Income - 367 - 367 Total Revenues' 335 385 General Government: 1,357 1,357 1,843 14 . O,hys Ica I Envi r6nr ent: ,piggyPoppitt Wastewater' - 41,637 47,671 46,661 �" 790 . Total Expenditures 43y494_ ` 49,526 43,724 604 Excess/Deficiency of Revenues Over/(birder . Expenditures �43,494)' } F p — 49,528) 48,339) 1,189 Cher Financinj So.urces/(Uses): Reserve for Cash Balance (18,417) (12,383) - 12,363. t Ch rrr Fund l rr (61,911) (61,91,1) (48,339) 13, 72 Fund al ric , tob r 1 " 6,1,911" 61,911 7,6,606 16,895 Fund Balances, September 30 $ $ $ 30,467 $. 30,467 F-54 MONROE:COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE'OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL KEY LARGO MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with Final Budget. Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes- $ - $ - $ 1,069 Investment Income - - 1-38 138 "Total Revenues - 1,207 1;207 EXPENDITURES: Current: General Government_: 787 787 32 755 . Tax Collector Fees Physical. Environriient: .Key Largo Wastewater- 17,584 20,208 19,486 722 Total Expenditures 18,871 20,995 19,518 �1A77 Excess/Deficiency of Revenues Over/(Under) Expenditures _ (1�8,371 } (20,995) (18,311) 2,684 Other Financing Sources/(Uses); (7,872) (5,248) - 51248 Reserve for Cash Balance -16 16 Transfers from Constitutional Officer s Total Other Financing Saurcesl(Uses) - - ` 5,264 (7872) (5,248) 16 Net Change in Fund Balances (26,243) (26,243) (18,295) 7,948 Fund Balances, October 1 26,243 26,243 32;298 6;055 Fund Bala nces, September 30 $ - - $ - $ 1.4,003 $ 14,003 F-55 :MONROE COUNTY, FLORI - OA D F COUNTY COMMI SSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGESI FUND -BALANCES -BUDGET AND ACTUAL , ISTOCK SLAND AST" T` SPECIAL REVENUE, FUND FOWTHE YEAR ENDED SEPTEMBER 30, 2011 Variance ith Final Budget Original Final Positive Budget d t Actual (Negative)' REVENUES - Taxes - - 135 135, Licenses and Permits _ 1,107 61,107, Investment Income 2,000 ,000 3,612 1,612 Total Revenues 2,000 2,000 64,35 62,354 EXPENDITURES: Current: General Government: Tax Collector Fees � � 7, � 7,549 1;0 6,545 Physical Environment: Stock, Island Wst6 ter 216, 09 218,9 09 9,561 209,326 Stack Island Cap Fey Refund, 37,742 37,742 = 37,74 Total Physical Envieo rnent 256,651 256,651 9,561 247,070 Total :Expenditures . 264,200 264,200 10,535 253p615 Exc6ss/Deficiency of Revenues Pveri(Under) Expenditures 262,200 (262,200) 54,269 316,469 Other Financing ours sf(Us s)„ Reserve ion Contingencies (37,743) (37,743� 7,743. Reserve for Cash E lariep (75,487) . (75,487) 75,437 Transfers from Constitutional Officers 507 507, Total Oth r Financing Sources/(Uses)) (11 ,230} � , (113,23f�) 507, 113,731 Net Ch ng _in Fund Balances (375,430) (375,430) 54,776 430,206 Fund Balances, tuber 1 375,430 375,430 482,653 107,223 Fend Balances, September 30 537,429, 537,429 F-56. MONROE COUNTY, FLORIDA-BOARDOF'COUNTY COMMISSIONERS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET ANDACTUAL CUDJOE-SUGARLOAF MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND " FOR THE YEAR ENDED SEPTEMBER 30, 2011 Variance with Final Budget Original Final Positive Budget ' -Budget Actual (Negative) REVENUES: $ - $ - $ 1,184 $ 1,184 Taxes Investment Income 500 500 1,274 774 Total Revenues 500 500 2,458 1,958 EXPENDITURES: Current:, General Government: Tax.Collector Fees 5,312 5,312 - 36 5,276 Physical Environment: Cudjoe-Sugarloaf Wastewater 118,933 118;933 72,837 46,096 Total Expenditures 124,245 124,245 72,873 51,372, Excess/Deficiency of Revenues Over/(Under) Expenditures (123;745) (123,745) (70,415) - 53,330 Other Financing Sources/(Uses): 17,397 Reserve for Contingencies (171,397) (17,397) - Reserve,for Cash Balance (35,410) (35,410) - ,35,41,0 18 Transfers from Constitutional Officers Total Other Financing Sources/(Uses) - - 18 (52,807) _ 52,807 18 52;825 Net Change in Fund Balances Fund Balances, October 1 Fund Balances; September 30 (176,552) (176,552) (70;397} 106,155 176,552 176,552 225,923 49,371 $ _ $ = $, 155,526' $ 1.55,526 F-57 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS 'SCHEDULEF REVENUESi IT C I F L m BUDGET ACTUAL, CONCH KEY MUNICIPAL SERVICE i"AXINC UNIT SPECIAL REVENUE FUND -FOR THE YEAR ENbED'SEPtEMBER 30, 211, Variance with Fin l' u g t Original- Final: Positive Eudget �u gk Actual (Negative) REVES® Taxes : In tr ent lncome Total Revenues EXPENDITURES:, -` -. ,. - Current:, Physical.Environment:, Coach K MSTU 2,307 2,307 1,33 8 Conch Key MSTU 103 103, 10 Total Expenditures ,410 ,410 1,339 1,071 Excess/Deficiency of Revenues Cver/(Under) Expenditures 2,41 Q) (1,329} 1,08i Other Financing Sources/(Uses): Reserve for Contingencies (344) (344)- Reserve for Cash Balance (689) (689) 68 Total nth r'Flraancin ourca l(Us ) 1,033) (,03 j 1,033 t Chary in'Fund ala (3,443) (3,443) (I, 2,114 Fun.d.Balances, October 1. 31443 3, 43 4,322 879. Fund Ian, September= ,993 2,993 F -58 MONROE COUNTY" FLORiDA-BOARD OF COUNTY COMMISSIONERS NO CHANGES IN SCHEDULE OF REVENUES, EXPENDITURES A, FUND BALANCES - BUDGETAND ACTUAL AXING UNIT SPECIAL REVENUE FUND, LONG KEY-LAYTON MUNICIPALSERVICE T FOR THE YEAR ENDED SEPTEMBER 30, 2011 REVENUES: Taxes Investrnent'Incorne Total Revenues EXPENDITURES: Current: General Government, Tax Collector Fees' Physical Environment: Long Key -Layton Wastewater Total Expenditures, Excess/Deficiency of,Revenues Over/(Under) Expenditures Varian6e with Final Budget Original Final Positive B Budget Actual (Neg udget 2'five) - 143 143 - 183, 183 621 621 621 14,028 14,028 _ 3,443 10,585 1 6427_ 14,649, 3,443 �l 4 ,649) (14,649) (3,260 ,.. 11,206 11,389 Other Financing Sourest{ Uses)': (1,920) (1,920) 1,920 Reserve for Contingencies Reserve for Cash Balance L4,142 L4,1421 4,142 Total Other Financing Sources/(Uses) 626,062 6,062 Net Change in Fund Balances 1 20,711) (20;71 1) (3,260) 17,451 Fund Balances, October 1 20,711, 7,486 Fund Balances, September 30 $ $ 24,937 $ 24,937 F-59, MONROE COUNTY, FLORIDA-BOARD OF COUNT"Y COMMISSIONERS SCHEbULE OF REVENUES, EXPENDITURES AND CHANGESI' FUND BALANCES -,BUDGET AND ACTUAL' DUCK KEY MUNICIPAL SERVICETAXING UNIT SPECIAL REVENUEFUND q� sg ,g -FOR THE EAR ENDED SEPTEMBER 30, Variance with 'Final Budget Original Final ositi e Budget' Budget, ctual (Negative) REVENUES. Taxes $ 101,454 $ 101, 54 97;944 (3,510 Investm'Eeht Income, 903, 903 Total Revenue 101,454 101,454 98,647 (2'607) EXPENDITURES: urreft General Government:,' Tax Collector Fees " 4,508 4F503 �2J 86 2,322 Physical nvironrnenta .. Duck Key Wastewater ' 100,766 100,766 � 42377 ' ��� 5$,369 Total Expenditures,10,274 105,74 44;563 60711 Excess/Uef cienoy c fi Revenues Qverf Under Expenditures 3 620 3 54,2€i4 53,104 then Finaking i r6esl( rses)d Reserve for Contingencies (14,945) (14,94) - 14,945, 'Reservelfor Cash 'Balance,: (30-055) (30,055)' - 30,055� T'rah fern f ro Cohstituti el Officers, 1,451 1,45�`. total Other Financing ourdes/(Uses) (45,000} {45;000} 1,451 46,451 t Change in Fund' Balance's (48 820) �� � (43,£I20) 55,735 �� .. 104,555 Fund lance S bct bar I. 48: 62Q 43,820 59;71�2 10,892 ` Fund Balances,"September;30 � -. � � 115,447 ��� ' 115,447 «I MO NROE COLIN , TY, FLORIDA-BOARD OF COUNTY COMMISSIONERS SCHEDULE, OF REVENUES, EXPENDITURES AND CHANGES, I -� N FUND BALANCES B I UDGET AND ACTUAL, BUILDING FUND FOR THE YEAR ENDED SEPTEMBER 30,v 2011, REVENUES:,- Licenses and Permits 'Charges for Services Investment Income Miscellaneous - Total Revenues EXPENDITURES: Current: Public Safety Building Department Building Refunds Total Expenditures - Variance with Final Budget Original,- Final Positive Budget Budget Acttial (Negative) $ 2,375,000 $ 2,37 1 5,000 $ 2,180,440 $ (1194,560) 5,200 51200 53,078 47,878 15,000 15,000 7,980 (7,020) 9,000 10,836 1,836 2,4042200 2,404,200 .?,252,334 �51,86L 2,1591968 2,355,444 2,351,380 4,064 2,000 5,000 1351 3,649 2,161,968 968' 2,360,444 2,352,731 7,713 ,Fxcess/Defilciencv, of Re -venues: over/(Unde�),Expenditures Other Financing Sourdes/(Uses):, Rese I rve for Contingencies Reserve 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 24g,232 43,756 1001397) (144,153) (70,829) (388,445) 68,87,0.L (8281144) (388,445) 24 241,223 (L29�,668 388,445, 241,223, 629,668 1 (585,912) (585,912) (100,397j 585,912 585,912 1,056,956 471,044 $ $ 956,559 $ 956,559- M1 'THIS PAGE INTENTIONALLY LEFT BLANK COUNTY,MONROE L ICOUNTY . COMMISSIONERS COMBINING NtTASSETS INTERNAL SERVICE SEPTEMBER, 30, 2011 Worker's Group Risk Compensation Insurance a en Fund Fund Fund ASSETS -. Current Assets: Cash and Cash Equivalents $ 615,024 $ 2,3,832 $ 803,198 Invest tints 4;333,441 11,765,126 5,590,262 Accounts Receivable, Net 10,347 1,034 Due from ther Governmental Units - 49,274 - e from Constitutional Officers 23,218 142,595 _ - Interest Receivable 18,965 54,370 22,0 Total current assets 4,990,648 14,55 ,544 6,417,399 Noncurrent Assets: Land and Other Nonepreciable Assets - - - Capital Assets, Net of Accum. Depreciation - 857 29 Total Noncurrent Assets - 87 89 Taal Assets 4,990,648 -' 14,559,401 6,417,688 LIA_�___ILITIES . Current Liabilities: Accounts Payable 39,215 252;181 91,703 Accrued Wages and Benefits Payable 9,600 10,15 8;6 48 Claims and Judgements Payable ,712,607 4,581,542 112,53 Due to Other Governmental Units 6,549 - - e to Constitutional Officers - 1,847 Accrued Comp. Absences Payable - Total Current Liabilities 1,767,971 4,3,82 14,791 Noncurrent Liabilities: Accrued Comp. Absences Payable, 28,433 24,049 22,567 OPEB Liability 61,643 38,656 65,226 Total Noncurrent Liabilities 90,076 62,70 87,793' Total Liabilities 1,858,047 4,906;533 302,584 NET ASSETS Invested in Capital Assets, Net of Related Debt - 857 89 Unrestricted 3,132,601 9,652,011 6,114,815 Total Net Assets $ 3,132,601 9,652,866 6,115,104 -1 Fleet Management Fund Total $ , 185,475 $ 4,140,529 1,0921758 22,781,587 - _ 1�1`,381 34,354 83,628 148 165;961 ' 5294` .101,534 1,318,029 . 27,284,620 54,000, 54,000 991,234 992,38U 1,045,234 1,046 580 2,363;263 28331,000 56,356 439;455 ' 47,023 75:,376 , , _ 6-406,742 - 6,549 ' _ 1, 847 5,038 5,03$ , ,108,417 6,935,007 , 621261 137,300 � . 260,1301 425,655 322 381` 562,955 430798 7,497,962 1.,045,234 1,046,380 887,231 19,'786;658 $ 1,932;465 $ 20,833,038 ME MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2011 Worker's Group Risk Compensation Insurance Management Fund Fund Fund OperatingRevenues: Charges for Services $ 2,315,091 " $ 13,822,804- $. 2,849,982 Miscellaneous -10,263- 333,002 3,182;984 2,325,354 13,822,804 Total operating revenues Operating Expenses: 191,836 203,693 193;232 Personnel Services -336,314 771,769 1,615,255 Operations 214 � 334 Depreciation sand,'Amortization Asserted and Paid Claims 726,227 15,271,807 2716,718 Total operating expenses 2,254,377 16,247,483 2,085,539 Operating Income/Loss, 70,977 (2,424,679) 1,097,445 Non -Operating Revenues/(Expenses): Investment Income 28,535 90,275 ~103,195 307,278 47,197 41611 Insurance Recoveries - - 20,81-9-) Gain (Loss) on, Disposition of Assets Total Non -Operating Revenues/(Expenses) 410,473 67,989 118,810 Income/Loss Before Transfers 189,787 (2,014,206) 1,165,434 Transfers to, Other Funds (57,190) (76,101) 31,170) Change in Net Assets 132,597 (2 090,307), 1,134,264 Total Net Assets -October 1 3,000,004 11,743,1.75 4,980,840 Total Net Assets-September30 $ 31132,601 $ 9,652,868 $ 6,115,104 G-3 Fleet:- Management Fund Total- $ 2;771-,254 $ 21,759,131' 2,210 345,475 2,773;464 22,104,606 1,093829 1,682590 , 1,248,306 - '3;971,644 63,723 64,271 - 17,274;752 '2,405,858 22,993,257 367,606 (888,651) 13,642 192,569 - 439,164 (77� (20,896) 13,565 61©837 . , 381;171 _ J?77,814 G-4 MONROE COUNTY, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS ' FOR THE YEAR ENDED SEPTEMBER 30, 2011 Operating Activities: Cash received,for services - Cash rec'vd from other funds for goods and secs 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 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 Group Risk Compensation Insurance Management Fund Fund Fund $ 100,613 $ 3,729,311 , $ 32,495 2;206,660 10,077,240 2,819,334 90,275, 327,952 43,490 (333,491) (689,228) (1,565,343) (122,078) {130,122} (100,593) (36,262) (41,195) (47,504) (1,695,415) '(14,937,301) (329,560) 10,303 - 333,002 220,605 (1,663,343) 1,185321. {57, 190) (76;101) (31,170) (15,360) 76,290 257,894 102,214 3,670,340 14,415,464 4;088,776 (3,708,269)-' (11,405,559) (5,000,106�_ 38,361 3,267,799 (809;116) 201,7716 1,528,355 . 329,675 , 413,248 1,008,477 ' 473,523 $ 615,024 $ 2536,832 $ 803,198 G-5 Fleet Management Fund Total 869,414 $ 4,731,833 1895,123 ' 16,998,357 _ 461`,717 (1,359,022) (3,947,084), (635,023) (987,$16) (257,096) (382,057) - (16,9621276) , 2,210 345,515 515,606 258,189 - (4�68,47 �(632,37) (3,643) (19,003) 25,756 - 462,154 817,327. _ . 22,991;407, (950,080) (21,064,014) (106,997), 2,390,047 (631-510) 1,996,296 248,985 J,.144 233 $ 185,475 - $ 4,140529 (Continued) G-6 MONROE COUNTY,, FLORIDA-BOARD OF COUNTY COMMISSIONERS COMBINING STATEMENT OF CASH FLOWS CONTINUED INTERNAL SERVICE FUNDS. FOR THE YEAR ENDED SEPTEMBER 30, 2011 Worker's Group Risk Compensation Insurance Management - `Fund Fund Fund Reconciliation of operating incomei(loss) to net cash provided byl(used in) operating activities; Operating income/(loss) , Adjustments to reconcile operating incomei(loss) to net cash provided by/(used in) operating activities: Depreciation and Amortization Nonoperating Income -Insurance Recoveries_ Change in assets and liabilities: (Increase)1Decrease in Accounts receivable (Increase)JDecrease in Due from other gov't units (Increase)/Decrease in Due fm constitutional ofcrs 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 OPEB liability Total adjustments Net cash provided byl(used in) operating activities Noncash investing, capital, and financing activities: Gain (Loss) on disposition of assets Change, in fair value of investments Cash Reconciliation: Unrestricted $ 70,977 $ (2,424,679) $1,097,445. 214 334 90,275 307,278 ' 41,61-1 40 20,674 1,879' 58,632 - (7,818) (74,885) - 18,339 -105,229 71,101 (481) 293 616 30,812 334,506 (52,842) 6,549 - - _ 1,847 (567) (2,350) (893) 12,479 11,745 24,223 149,628 761,336 87,876 $ - 220,605 $ (1,663,343) $ ;- 1,185;321 $ _ $ (20,819) $ (51,390) $ (158;062) (61;159) $ 615,024 $ 2,536,832 $ 803,198 G-7 Fleet Management Fund- "Total,, 367,606 63,723 64,271 439,164 22,593 (6,645) 51,987 '(72) (82,775), 7,976 202,639 (4,178) 312,476 (379) (379) 6,549 1,847 1,391 (2,419) 86,618:,-____L35,065 Idq I)r)r) � I 4AL' OAn WNZM� INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED iN ACCORDANCE WiTH GOVERNMENT AUDITING STANDARDS To the Clerk Ex Officio, Mayor and Board of County Commissioners of Monroe County, Florida: We have audited the financial statements of each major fund and the aggregate remaining fund information of the Monroe, County, Florida Board of'County Commissio hers, (the "Board") as of and for the year ended September 30, 201'I, and have issued our report thereon dated March 31, 2012. We conducted our audit in :accordance with auditing standards generally. accepted in: the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. internal Control Over Financial Reporting Management. of the Board is ' responsible for establishing and maintaining effective internal control -over financial reporting-. in planning ,and performing our audit, we considered the Board's internal control'over financial reporting as a basis for designing our auditing procedures 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 Board's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Board's internal control over financial reporting: hen the design or operation of a control does not allow A deficiency in internal contro/exists w management or employees, in the normal course of performing their assigned functions, to d correct misstatements on a timely, basis. A material, -weakness is a. prevent or detect an deficiency, or combination of deficiencies, in internal control, such that there is ,a reasonable possibility that a material misstatement of the Board's financial statements will,not be prevented, or detected and corrected on a timely basis. Our consideration of internal .control over financial reporting was for the limited purpose described in the first paragraph of this section was not designed to identify all deficiencies in internal control that might be deficiencies, significant deficiencies or material weaknesses. We did not identify any. deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above. Com.pliance and Other Matters As part of obtaining reasonable assurance about whether the Board's financial statements are free of'mate'rial 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; This report is intended' solely for the information and use of management, the Clerk Ex Officio, -the County Mayor; Board of County Commissioners of, Monroe County, Florida, and applicable, federal and State, awarding, agencies and pass -through -entities and is not intended to be and should" not be used -by anyone other, than these specified, parties: Orlando, Florida March 31, 2012 H-2 , INDEPENDENT AUDITORS' MANAGEMENT LETTER To the Clerk Ex Officio, Mayor'and Board of County Commissioners 'of Monroe County, Florida: We have audited the financial statements of each major fund and the aggregate remaining fund. information of the Monroe County; Florida Board of County Commissioners .(the °Board"), as of and for year ended -September 30, 2011, and have issued our report thereon dated March 31, 2012. We conducted our audit in, accordance with auditing standards generally accepted in the United States of America and'the standards apple �erblGenerato ial of the United States We have issued Auditing, Standards, issued by the Comptrol our Independent Auditors` Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit so ois>ares inthisreportWhich Financial Statements �is dated Accordance with Government Auditing Standards. Di March 31, 2012, should be considered in conjunction with this management letter. Additionally, our audit,was conducted in accordance with Chaptera0dts Oes °fin the State General, which governs the conduct of local governmental entity performed of Florida: This letter includes -the following information, which is not included in the aforementioned auditors' reports `or schedule. we I deermine Section 10.554(1)(i)1., Rules of the Auditor General, requires that the hmader nr the corrective actions have been taken to address findings and recomrne preceding annual financial eudit, report. No `recommendations were made ' ire the_ preceding, annual financial audit report. Section 10.554(1)(i)2., Rules of the Auditor General, requires ouraudit investment public funds. In provisions of Section ,218.1t45, Florida Statutes, regarding the i p connection with our audto elieve it, nothing came to our attention that heul ,causeus nt of public funds t the Board was in noncompliance with Section 218.415 regarding ess in the Section ;1.0.554(1)(i)3:; Rules of the Auditor Genera/ requires Chat elna on nection with management letter any recommendations to improve financial management. our audit; we did not have any such recommendations. N-3 Section 10.554(l)(i)4., Rules of the Auditor General, requires that we address violations of provisions of contracts or grant agreements, or 'abuse, that have. an effect ; in the financial,' . statements that, is less than material but more than inconsequential„ In connection with our audit, we did not have any such findings. Section 10.554(1)(i)5:; Rules of the Auditor General, provides that the auditor may, based on professional judgment; report the. following matters that have an inconsequential effect on financial statements, considering both quantitative and qualitative factors: (1) violations of provisions Jof contracts or grant agreements, fraud, illegal acts, or abuse, 'and (2) control deficiencies that are not significant deficiencies. In connection with our audit, ,we did not 'have any such findings. Section 10.554(1)(i)6., Rules of the Auditor General, requires that the name or official title and legal authority for the primary, government, and each component unit of the reporting entity be disclosed- in the management letter, unless disclosed in the notes to the financial=statements. Such disclosure is included in notes to --the financial statements. This'letter is'intended solely, for the, information and use 'of man agernent,'the Mayor and Board of County Commissioners ;of Monroe County, Florida, the Florida Auditor General and applicable state and, federal agencies, and' is not intended to be and, should not be ;used by anyone other, than these specified parties; Orlando, Florida March31, 2012' H-4 BOARD OF COUNTY OMMI IO t= Mayor David nice, District 4 ( 40wft%w,��° �` Mayor Pro'rern Kim Wigington, District l T „V. Heather Carruthers, District 3 ` George Neugerit, District 2 t{ Y WEST FLORIDA 33040 Sylvia J. Murphy, District 5 (305)294-4641 Monroe County Board of County Commissioners Office of the µCounty Administrator q The Historic Gato,Cigar Factory � .1100 Simonton Street, Suite 205 r Spey West, FL, 33040 ° (3C)5) ?92-4441 - Phone _(305) 292-4544 - Fax MEMORANDUM TO Sandy Carlile, Finance Director FROM: Roman Gastesi; C;ou tty Administrator I. xrE: May 14, 012 SUBJECT: Response to Independent Auditor I��ana�e ert Letter, FY 11 I am in receipt of Monroe e County Board of C°ounty Cori mIssio ers Financial" Stag znents f1>r Fiscal, Year ending Septe ber 30, 2011. 'Mere were no nianagement letter comments for Fiscal Year 2011. Ifs I can be of further assistance; please contact me. Very truly yours, Roman Caste i Jr. County Administrator-