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Fiscal Year 2009 ,%lonroe County, F Com red ens ve . nnuaC FinanciaCReyort For the FiscaC year Ended September 30, 2009 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 DANNY L. KOLHAOE CLERK OF THE CIRCUIT COURT PREPARED BY: CLERK OF THE CIRCUIT COURT FINANCE DEPARTMENT SANDRA CARLILE FINANCE DIRECTOR THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 PAGE INTRODUCTORY SECTION Transmittal Letter of the Clerk of the Circuit Court Al -A5 Certificate of Achievement for Excellence in Financial Reporting A6 List of Elected and Appointed Officials A7 Organizational Chart A8 FINANCIAL SECTION Independent Auditors' Report 81 - B2 Management's Discussion and Analysis Cl - C12 Basic Financial Statements: Government-Wide Financial Statements Statement of Net Assets Dl - D2 Statement of Activities D3 - D4 Fund Financial Statements Balance Sheet-Governmental Funds El - E2 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets E3 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds E4 - E5 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities E6 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Major Governmental Funds: General Fund E7 - Ell Fine and Forfeiture Fund E12 - E13 Governmental Grants Fund E14 -'E16 HIDTA Grants Fund E17 Statement of Net Assets - Proprietary Funds E18 - E21 Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds E22 - E23 Statement of Cash Flows - Proprietary Funds E24 - E27 Statement of Fiduciary Net Assets - Fiduciary Funds E28 Statement of Changes in Fiduciary Net Assets- Fiduciary Funds E29 Notes to the Financial Statements Fl - F35 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet- NonMajor Governmental Funds Gl - G14 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -NonMajor Governmental Funds G15 - G28 Schedules of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual Special Revenue Funds: Affordable Housing Programs G29 Road and Bridge Fund G30 Tourist Development, All Districts, Two Cent G31 Tourist Development, Administration and Promotional, Two Cent G32 .....................................-11—----- I - __1.1_............. ............. ................ ..............- MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 PAGE Tourist Development, District#One G33 Tourist Development, District#Two G34 Tourist Development, District#Three G35 Tourist Development, District#Four G36 Tourist Development, District#Five G37 Impact Fees - Roadways G38 Impact Fees - Parks and Recreation G39 Impact Fees - Libraries G40 Impact Fees - Solid Waste G41 Impact Fees - Police Facilities G42 Impact Fees- Fire and EMS G43 Impact Fees - Employee Fair Share Housing G44 Fire and Ambulance, District#1 - Lower and Middle Keys G45 Upper Keys Health Care Special Taxing District G46 Unincorporated Area Service District- Parks and Recreation G47 Unincorporated Area Service District- Planning, Building and Zoning G48-G49 Local Housing Assistance G50 Municipal Policing G51 911 Enhancement Fees G52 Duck Key Security District G53 Boating Improvement G54 Miscellaneous Special Revenue G55- G56 Environmental Restoration G57 Law Enforcement Trust G58 Court Facility Fees G59 Drug Abuse Trust G60 Marathon Municipal Service Taxing Unit G61 Bay Point Municipal Service Taxing Unit G62 Big Coppitt Municipal Service Taxing Unit G63 Key Largo Municipal Service Taxing Unit G64 Stock Island Wastewater G65 Cudjoe-Sugarloaf Municipal Service Taxing Unit G66 Conch Key Municipal Service Taxing Unit G67 Long Key-Layton Municipal Service Taxing Unit G68 Duck Key Municipal Service Taxing Unit G69 Building Fund G70 Comprehensive Plan Land Authority G71 Sheriffs Commissary G72 Sheriffs Impact Support G73 Sheriffs Off-Duty G74 Sheriffs Grants G75 Sheriffs Teen Court G76 Sheriffs South Florida Law Enforcement Trust G77 Sheriffs Shared Asset Forfeiture G78 Sheriffs Federal Forfeiture G79 Sheriffs Contract Administration G80 Sheriffs Airport Services G81 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 PAGE Sheriffs Law, Enforcement Trust G82 Sheriffs State Forfeiture G83 Sheriffs Interagency Communications G84 Sheriffs 911 G85 Sheriffs Trauma Star G86 Sheriffs Radio Communications G87 Clerk's Records Modernization G88 Clerk's Court Related G89 Debt Service Funds: All Debt Service Funds G90 Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Major Governmental Funds: One Cent Infrastructure Surtax Capital Project Fund G91 Infrastructure Sales Surtax Revenue Bonds, Series 2003 Capital Projects Fund G92 Infrastructure Sales Surtax Revenue Bonds, Series 2007 Capital Projects Fund G93 Big Coppitt Wastewater Project G94 Combining Statement of Net Assets- Internal Service Funds G95 - G96 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets - Internal Service Funds G97 - G98 Combining Statement of Cash Flows- Internal Service Funds G99 - G102 Combining Statement of Fiduciary Net Assets -All Agency Funds G103 Combining Statement of Changes in Fiduciary Net Assets -All Agency Funds G104 - G105 STATISTICAL SECTION Introduction H1 Net Assets by Component H2 Changes in Net Assets 1-13-1-15 Governmental Activities Tax Revenues By Source H6 Fund Balances of Governmental Funds H7 Changes in Fund Balances of Governmental Funds 1-18-1-19 General Governmental Tax Revenues By Source H10 Assessed Value and Estimated Actual Value of Taxable Property H11 Direct and Overlapping Governments H12 Principal Property Taxpayers H13 Property Tax Levies and Collections H14 Ratios of Outstanding Debt by Type H15 Ratios of General Bonded Debt Outstanding H16 Direct and Overlapping Governmental Activities Debt H17 Legal Debt Margin Information H18 Pledged-Revenue Coverage - Governmental Activities H19 Pledged Revenue Bonds and Notes - Business-type Activities H2O Demographic and Economic Statistics H21 Principal Employers H22 Full-time Equivalent County Government Employees by Function H23 Operating Indicators by Function H24 Capital Asset Statistics by Function H25 - --------- ---- -------- ---- ---- MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 PAGE §INGLE AUDITIGRANTS COMPLIANCE SCHEDULES Independent Auditors' Report on Internal Control over Financial Reporting and on 11-12 Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Independent Auditors' Report on Compliance and Internal Control over Compliance 13-14 Applicable to each Major Federal Awards Program and State Financial Assistance Projects Schedule of Expenditures of Federal Awards and State Financial Assistance 15 - 116 Projects Notes to Schedule of Expenditures of Federal Awards and State Financial 117 Assistance Projects Schedule of Findings and Questioned Costs- Federal Awards Programs and State 118-119 Financial Assistance Projects Summary Schedule of Corrective Action Plan - Federal Awards Programs and State 120 Financial Assistance Projects Summary Schedule of Prior Audit Findings - Federal Awards Programs and State 121 Financial Assistance Projects Independent Auditors' Management Letter J1-J3 MONROE COUNTY COURTHOUSE BRANCH OFFICE: 500 WHITEHEAD STREET,SUITE 101 PLANTATION KEY GOVERNMENT CENTER KEY WEST,FLORIDA 33040 TEL,(305)294-4641 88820 OVERSEAS HIGHWAY FAX(305)295-3663 PLANTATION KEY,FLORIDA 33070 .. ..... TEL.(305)852-7145 BRANCH OFFICE: FAX(305)852-7146 MARATHON SUB COURTHOUSE 3117 OVERSEAS HIGHWAY CLERK OF THE CiRcurr CouRT ROTH BUILDING MARATHON,FLORIDA 33050 50 HIGH POINT ROAD TEL.(305)289-6027 MONROE COUNTY PLANTATION KEY,FLORIDA 33070 FAX(305)289-1745 wwwxlerk-of-the-courtcom TEL.(305)852-7145 - FAX(305)853-7440 March 31, 2010 The Honorable Sylvia Murphy Mayor, Board of County Commissioners Monroe County, Florida Dear Mayor Murphy: It is our pleasure to present to you, the Board of County Commissioners and the citizens, the Mon- roe County, Florida Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September '30, 2009. Chapter 218.39 of the Florida Statutes requires an independent certified public accountant to audit the financial statements of counties in the State. In addition, the Federal Single Audit Act, the Florida Single Audit Act and the federal OMB Circular A-1 33 require an inde- pendent auditor to report on the government's internal controls and compliance with legal require- ments concerning the administration of federal awards and state financial assistance. This report is published to fulfill these requirements. This report was prepared by the Finance Department of the Clerk of the Court. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the Clerk of the Court as Chief Financial Officer of Monroe County. We assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material aspects. It is presented in a format designed to fairly present the finan- cial position and results of operations of Monroe County as measured by the financial activity of its various funds; and that all disclosures needed to allow the reader to gain a comprehensive under- standing of the County's financial activity have been included. The County has established a comprehensive internal control framework that is designed both to protect the County's assets from loss, theft or misuse and to compile sufficient reliable accounting information for financial statement preparation in conformity with United States generally accepted accounting principles (GAAP) established by the Government Accounting Standards Board. Be- cause the cost of internal controls should not outweigh their benefits, the objective is to provide reasonable rather than absolute assurance that the financial statements will be free of material misstatement. Cherry, Bekaert & Holland, L.L.P. have issued an unqualified ("clean") opinion on the Monroe County, Florida financial statements for the year ended September 30, 2009, The independent auditor's report is located at the front of the financial section of this report. A-1 Management's discussion and analysis (MD&A) can be found immediately following the indepen- dent auditor's report and provides a narrative introduction, overview and analysis of the basic fi- nancial statements. This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. Monroe County Profile Basic Information Monroe County was constitutionally formed in 1823. It is comprised of a string of subtropical isl- ands that stretch more than one hundred miles into the Atlantic Ocean. These islands are con- nected in a chain-like fashion to the mainland by a series of forty-two bridges. The County seat, Key West, is approximately one hundred fifty miles southwest of Miami. Havana, Cuba lies a mere ninety miles to the south. Monroe County is a non-charter county established under the Constitution and the laws of the State of Florida. Legislative authority and policy decisions are vested in the Board of County Commissioners consisting of the mayor and four other members, all of whore are elected. The operation of other specific government functions resides with five Constitutional Officers. These Offices are elective and their titles indicative of their specific function. The positions are the Clerk of the Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Monroe County provides a full range of services including reads, health and social services, emergency medical services, park and recreational services, solid waste services, airport services and other governmental services. Reporting Enti For financial reporting purposes, the County's reporting entity consists of the Board of County Commissioners and the Constitutional Officers and the Monroe County Comprehensive Plan Land Authority, a blended component unit which though legally separate is, in substance, part of Monroe County's operations and for which the County is financially accountable. Additional information on component units can be found in the notes to the financial statements. The Monroe County School Board and the Monroe County Mosquito Control District have not met the established criteria for inclusion in the reporting entity, and accordingly, are excluded from this report. Budget Formal budgetary integration is employed as a management control device during the year for all fund types except as described in the notes to the financial statements. Monroe County follows the laws of Florida regarding the control, adoption and amendment of the budget during each fis- cal year. The County Commission has increased the level of budgetary control by requiring a County Commission resolution for all cost center(departmental)budgetary changes. Budgets for the Property Appraiser and the Tax Collector are approved by the Florida Department of Revenue and are adopted as part of the General Fund by the Board of County Commissioners. The Sheriff and Supervisor of Elections prepare their budgets which are submitted to and ap- proved by the Board'. The Clerk of the Court's budget is divided-between court related functions funded by court related revenues, court related functions required to be funded by the Board of County Commissioners and non-court related functions. The court related portion of the Clerk's A-2 budget funded by court related revenues is approved by the Clerks of Court Operations Corpora- tion. The rest of the Clerk's budget is approved by the Board of County Commissioners and in- cluded as part of the General Fund. Economic Condition Local Economy Monroe County occupies a unique and very beautiful corner of the U.S. Our subtropical chain of islands offers mild climate year-round and extensive recreational water activities. This makes the Florida Key's and Key West a major domestic and international tourist destination. Six of the top ten taxpayers in Monroe County are in the hospitality industry. Airplane passenger arrivals de- creased from 2008 by 5.2%. Tourist and recreational sales have also decreased by 8.2%. Howev- er, hotel room rentals have increased by 4.2% which includes an increase in the Monroe County Bed Tax from three cents to four cents effective June 1, 2009. Property values in 2009 decreased 6.9% from the prior year. The nationwide real estate market in 2010 has experienced further decline and Monroe County expects a similar decline. Over a ten year period, property tax collections have risen 50.4%. Over the same period, total assessed val- ue of taxable property has increased 192.7%. The growth in these economic indicators is offset by the decrease in taxable sales of 9.2% from 2008 levels. The decline in taxable sales is attributed to the ongoing recession. The County's unemployment rate of 6.6% at September 30, 2009 is well below the state and na- tional rates of 10.5% and 9.3%, respectively. Local revenues and expenditures continue to be affected by intergovernmental pressures from re- duced state aid, lack of funding for state-mandated programs and services, property tax reform, the national economic downturn, higher property insurance costs, and the increased demands for stronger public safety services, affordable health insurance and affordable housing. Long-term Financial Planning The County has developed the Monroe County Year 2010 Comprehensive Plan. This plan has been approved by the state, and describes the County's goals in the areas of land use; conserva- tion and coastal management; traffic circulation; mass transit; ports, aviation and related facilities; affordable housing; potable water, solid waste; sanitary sewer; storm water drainage; natural groundwater aquifer recharge; recreation and open space; intergovernmental coordination; and capital improvements. The County ability to use tax levies to stabilize difficult situations was limited in 2008 by the Leg- islature's imposition of limits on the assessment of homestead property. The County Is balancing the limits on ad valorem tax revenues with the restoration of General Fund reserves used to pro- vide services and control employee turnover, The Board responded to the current economic con- ditions by Implementing rigorous cost controls, eliminating employee positions, and reorganizing County divisions. The Board continues to focus on its efforts to balance costs, services to Monroe County citizens, and fair compensation to its employees. The Counbf provides health care coverage for 354 retirees. The County has implemented the re- quirements of GASB Statement No. 45, Accounting and Financial Reporting by Employers for A-3 ............ ............................ Postemployment Benefits Other Than Pensions in the current year. The Board has reviewed es- timates of the unfunded cost for future years' benefits, and staff is developing strategies to man- age the financial impact to the County. As the actual versus expected cost of retiree health care coverage is monitored, provisions of the plan may be modified as part of the management strate- gy. Relevant Financial Policies During 2008, the Board approved an appropriation policy whereby 70%-82.5% of estimated ending fund balances are appropriated in the budget process as opposed to the previous policy of 77.5% of estimated fund balance. In addition, 95% of the fund balance in the One Cent Infrastructure Surtax Fund may be appropriated. Maior Initiatives Several projects were underway in 2009 in furtherance of the County's Comprehensive Plan. Cap- ital project improvements included the construction of two fire stations and a new medical examin- er facility. These improvements are to be funded from the County's capital project funds and the proceeds of a bond issue collateralized by sales tax revenues. Municipal service taxing districts have been created to support the cost of wastewater projects in Conch Key, Bay Point, Big Coppitt, Key Largo, Stock Island, Cudjoe and Sugarloaf Keys, Long Key-Layton, and Duck Key. The Big Coppift, Islamorada, Marathon, Duck Key, Key Largo, Shark Key, Geiger Key and Rockland Key wastewater projects are under construction. The Stock Island, Bay Point, City of Layton, Key Colony Beach, Little Venice and Conch Key projects have been completed. The wastewater projects are funded by grants, capital project funds and the proceeds of revenue notes provided by the Florida Rural Utility Financing Commission. Awards and Acknowledgments The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Monroe County, Florida for its Comprehensive Annual Financial Report for the fiscal year ended September 30, 2008. This was the twenty first consecutive year that the government has achieved this prestigious award. In or- der to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both U.S. generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certifi- cate. The County also submits its budget document to GFOA, and has received GFOA's Distinguished Budget Presentation Award for eleven years. This report is the product of the dedication of the Finance Department under the direction of the Clerk of the Court of Monroe County as Auditor and Chief Financial Officer to the Board of County A-4 ........................... Commissioners. We would like to express our appreciation to the entire Finance Department, as well as other County departments, for their assistance in the preparation of this report. We also ex- tend our thanks and appreciation to our independent auditors Cherry, Bekaert& Holland, L.L.P. for their outstanding efforts and assistance. In closing, we thank the County Commissioners for their interest and support to us throughout the year. Sincerely, anny' . Kolhage Sandra Carlile Clerk of the Circuit Court Finance Director and Chief Financial Officer A-5 Certificate of Achievement for Excellence in Financial Reporting presented to Monroe County Florid Fcw its Comprehensive AmW Financial RAwrt for the Fiscal Year Ended September 30,2008 A Certificate of Acbievement for Excellence in Financial Reporting is pre4wied by the Government Finance Officers Associatim of the United States and Canada to government units and public employee retiewent systems whose compreherive annual financial reports(CAFRs)acliove the bight standards in g€ivernment accounting and financial reporting. President *%pw 4-4 ''' Executive Director A-1 MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS SYLVIA MURPHY, MAYOR DISTRICT 5 KIM WI'GINGTON HEATHER CARRUTHERS DISTRICT 1 DISTRICT 3 MARIO DI('3)ENNARO GEORGE NUEGENT DISTRICT 4 DISTRICT 2 COUNTY ADMINISTRATOR ROMAN GASTESI CLERK OF THE CIRCUIT COURT AND CHIEF FINANCIAL OFFICER DANNY L. KOLHAGE A-7 m>� 9 � 9E _ xa Ici .w. M �wl r e i y�O V r�} �1C {{.y.. �w 94 W _ C fA 0 «, y ri wwx a'A �+ w CC, it ,it i t't x ti a a ad' A F 3 1.6 �{ 0 } MI C z wo « o 4x a20, t._ U M W r Fes. W k 6 X LID i4 1.V U c wEs ✓� j �� v m , 0-6� U14xW, aS`a U � auwac f' S w''av em ' w u Ed a At x "m A-S INDEPENDENT AUDITORW REPORT To the Honorable Mayor and Board' of County Commissioners of Monroe County, Florida: We have audited the accompanying financial statements of the governmental activities, the business-type activiffes, :each major fund and the aggregate remaining fund information of Monroe County, Florida (the"County") as of and for the year ended September 30, 2009,which collectively comprise the County's basic financial statements as listed In the table of contents. These financial statements are the responsibility of the County'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 standards applicable to financial audite contained in Government Auditing Standards, Issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material 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. We believe that our audit provides a reasonable basis for our opinions. In our opinion, based on our audit,the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business. type activities, each major fund, and the aggregate remaining fund information of the County as of September 30, 2009, and the respective changes in financial position and crash flaws, where applicable, thereof and the respective budgetary comparison for the General Fund, Fine and Forfeiture Fund, Governmental Grants Fund, and;,the HIDTA Grants Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also Issued our report dated Larch 31, 2010 on our consideration of the County's internal.control over financial reporting and on our tests:of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and rather matters. The purpose of that report is to describe the scrape of our testing of internal control over financial reporting and compliance and 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 part of an audit performed in accordance with Government Auditing Standards and should be considered In assessing the results of our audit B-1 The managements discussion and analysis as listed In the table of contents Is not a required part of the basic financial statements but Is supplementary infon-nation required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on It. Out audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County's basic- financial statements. The Introductory section, combining and Individual fund statements and schedules and the statistical section as listed In the foregoing table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements. The accompanying Schedule of Expenditures of Federal Awards and State Financial Projects are also presented for the purpose of additional analysis as required by the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and Chapter 10.550, Rules of the Auditor General, and Is not a required part of the basic financial statements. The combining and individual fund statements and schedules and the accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance Projects have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly presented in all material respects In relation to the basic financial statements taken as a whole. The Introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. CHERRY, BEKAERT&HOUANDO LLP. A.4. L Orlando, Florida March 31, 2010 B-2 Management's Discussion and Analysis As Finance Department management under the direction of the Chief Financial Officer and Clerk of the Circuit Court in Monroe County, we offer readers this narrative overview and analysis of the financial activities of Monroe County Government for the fiscal year ended September 30, 2009. We encourage readers to consider this information in conjunction with additional information furnished in the letter of transmittal of the report and the basic financial statements for an overall view of Monroe County's activities. Financial Highlights • Monroe County's total net assets exceeded its liabilities at September 30, 2009 by $5111,016,186, an increase of $23,373,715. Net assets for governmental activities were $413,073,612 and $97,942,574 for business-type activities. • Unrestricted net assets, available for Monroe County's ongoing obligations to citizens and creditors were $151,257,751, an increase of $3,013,878. Governmental activity unrestricted net assets were $133,203,229. Business-type activity unrestricted net assets were $18,054,522. • At September 30, 2009 Monroe County's governmental funds statement reported combined ending fund balances of$168,797,594. Of this amount, $146,856,783 remains in the various fund types of Monroe County as unreserved. • The General Fund reported a fund balance of $28,040,398, an increase from the lost fiscal year of $11,569,973. The County experienced a favorable General Fund budget variance, mostly attributable to lower than anticipated expenditures. • Bonded debt and loans of Monroe County decreased $12,874,683 in 2009. Monroe County's percentage of bonded debt and loans compared to net assets decreased from 19,4% to 16,0%. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to Monroe County Government's basic financial statements, which include government-wide statements, fund statements, as well as notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements. Government-Wide Financial Statements Government-wide financial statements are designed to provide the reader with a broad overview of the financial position of Monroe County and are similar to private-sector financial statements. They include a Statement of Net Assets and a Statement of Activities. These statements appear on pages D-I through D-4 of this report. The Statement of Net Assets shows the County's assets less its liabilities at September 30, 2009. The difference between these assets and liabilities is reported as net assets. Changes in net assets over time may be indicative of an improving or deteriorating financial position. Net assets are reported in three categories: 1) invested in capital assets, net of related debt, 2) restricted, and 3) unrestricted. C-1 The Statement of Activities, which follows the Statement of Net Assets, presents information showing how the net assets changed during fiscal year 2009. The statement presents all underlying events, which contribute to the change, irrespective of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only affect cash flows in future fiscal periods, Such items include revenues earned and expenses incurred but not yet paid as well a unused vacation leave, all of which will produce changes in cash in a future-fiscal period. Stith statements attempt to distinguish functions of Monroe County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges for services (business-type activities): Governmental activities reported in the statements include general government, public safety, physical environment, transportation; economic environment, human services, culture and recreation, and court related. business-type activities include Monroe County's airports, solid waste and landfill operations, and the Card Sound Road and Toll Bridge, Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Monroe County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related ,legal requirements. All of the funds of Monroe County can be divided into three general categories: governmental, proprietary and fiduciary funds. Governmental Funds Governmental Funds essentially account for the same functions as these reported in the government- wide statements described above. However, unlike the government-wide statements, this set of financial' statements focuses on events that produce near term inflows and outflows of spendable resources available at the end of the fiscal year, which is a narrower focus than the government-wide financial statements. Such information may be useful in evaluating the available spendable resources. These statements appear on pages E-1 through E- 7 of this report. It can be useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government-wide statements. Therefore, reconciliations are provided as a link between both the governmental fund statements and the government-wide statements to assist in this comparison. The governmental fund financial statements present financial information for the County's general, special revenue, debt service and capital project funds. Governmental funds individually presented as major funds in Monroe County's statements include: the General Fund, three Special Revenue 'Funds: Fine and Forfeiture, Governmental Grants, and HIiTA Grants, and four capital project funds: One Cent Infrastructure Surtax, Infrastructure Revenue Bonds, Series 2003, Infrastructure Sales Surtax Revenue Bonds, Series 2007 and Big Copp tt Wastewater Project. Although there are many smaller governmental funds in Monroe County, they have been presented in a total column "Nonmaor Governmental Funds." These funds are presented individually in the combining and individual fond statements section of the report. C-2 Proprietary Funds Monroe County maintains two different types of proprietary funds, enterprise and internal service. The proprietary fund statements appear on E-18 through E-27 of this report. Enterprise funds are used to report business-type activities in the government-wide financial statements. Monroe County maintains four major enterprise funds: Municipal Service District-Waste, Key West Airport, Card Sound Bridge, and the Marathon Airport, There are no non-major enterprise funds. Internal service funds are used to accumulate and, allocate costs among Monroe County's various functions. Monroe County uses internal service funds to account for insurance activities (worker's compensation, group health and risk management) and fleet maintenance activities. Internal service funds are presented in total in the fund financial statements but may be reviewed individually in the combining and individual fund statements section of the report. Because these services predominantly benefit governmental rather than business-type functions, they have been included within the government-wide financial statements as governmental activities. They are also combined into a single, aggregated presentation in the proprietary fund financial statements. Fiduciary Funds Monroe County uses fiduciary funds to account for resources held for the benefit of parties outside of County government, such as assets held in trust and agency funds by Monroe County as an agent for individuals. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support Monroe County's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The fiduciary fund financial statements appear on pages E-28 through E-29 of this report. Notes to the Financial Statements The notes to the financial statements provide additional information that is essential to a full understanding of the data provided in both government-wide and fund financial statements. The notes commence on page F-11 and continue throughout the entire F page section. Other Information Combining and !individual statements and schedules mentioned earlier, which present details of non- major funds used in governmental and enterprise funds, commence on page G-1 and continue throughout the entire G page section. This section also includes the budget to actual schedules, and statements for major capital project internal service and agency funds. Additional information about Monroe County can be found under the Statistical Section in the H page section and the Single Audit Section in the I page section of this report. Government-Wide Financial Analysis Monroe County Net Assets(in thousands) Governmental Business-type Totat Primary Activities Activities Government 2009 2008 2OD9 2008 2009 2008 Current and Other Assets $223,578 $234,673 $39,963 $45,118 $263,541 $279,791 C-3 .................. ............ Governmental Business-type Total Primary Activities Activities Government 2008 2008 2009 2008 2009 2008 Capital Assets 297,945 279,394 87,817 78,498 385,762 357,892 Total Assets 521,623 514,067 127,784 123,616_ 649,303 637,683 Current/Other Liabilities 33,173 38,821 9,633 8,235 42,806 47,066 Long-Term Liabilities 75,276 74,977 20,205 28.008 95,481 102,985 Total Liabilities 108,449 113,798 29,838 36,243 138,287 15M41 Net Assets: Invested in Capital Assets, Net of Related Debi, 258,757 253,773 72,612 60,229 331,369 314,002 Restricted 21,113 18,246 7,276 7,150 28,389 25,396 Unrestricted 133,204 128,250 18,054 19,994 151,258_ 148,244 Total Net Assets $413,074 $400,269. $97,942 $87,373 $511111016. $487,1642 The overall financial position of Monroe County improved in both fiscal years 2009 and 2008. Changes in=net assets over time can be one of the best and most useful indicators of a government's financial position. Monroe County's change in net assets for the fiscal years ending 2009 and 2008 were $23,373,715 and $20,643,348, respectively. The 2009 increase in net assets was $2,730,367 more than the prior year. The largest portion of net assets for 2009 and 2008 is Monroe County's investment in capital assets (e.g., land and depreciated buildings, infrastructure and equipment) less any outstanding debt related to their acquisition. This category represents 64.8% and 64.4% of total primary government net assets for fiscal years 2009 and 2008, Monroe County uses these capital assets to provide services to citizens; consequently,these assets are not available for future spending. Although Monroe County's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Total primary government net assets above also include restricted net assets. Restricted net assets are resources subject to external restriction on how they may be used. The restrictions reported for business-type activities are comprised of the landfill closure and post closure costs and the Key West Airport's debt service payments and passenger facility charges. Restrictions reported for governmental activities are special purpose funds which report the use of resources as designated by external entities. The remaining component of net assets is unrestricted net assets. Unrestricted net assets may be used to meet the County's ongoing obligations to citizens and creditors. The 2009 decrease in current and other assets arose from a decrease in restricted and unrestricted investments and amounts due from other governments, offset by an increase in cash. The County used restricted and unrestricted investments to reduce accounts payable, provide working capital for grant reimbursements, pay debt service costs, construction costs and increase liquidity. Amounts due from other governments decreased as construction grant proceeds were collected. C-4 The increase in capital assets is related to construction projects including two fire stations, infrastructure projects for wastewater facilities, and the Key West airport facility. Current and other liabilities decreased as investments were used to reduce accounts payable and pay down revenue notes and bonds payable. Current liabilities also decreased as prior year deferred revenues were collected. Long-term liabilities decreased as a result of scheduled and early retirements of revenue bonds and revenue notes. The decrease in long-term liabilities is offset by an increase in the accrual of other post employment benefit costs. Comparison of Current Assets and Liabilities (in thousands) A comparison of current assets as compared to current liabilities for both governmental and business- type activities can be a good indication of Monroe County's ability to meet its current and existing operational responsibilities. The ratios for the current and prior fiscal years are as follows: Governmental Business-type Activities Activities 2009 2008 2009 2008 Current Assets . $216,167 $2271182 $ 26 $ 32,171 Current Liabilities $ 33,173 $ 38,821 $ 9,633 $ 8,235 Ratio of Current Assets to Current Liabilities 6.52 5.85 2.75 3.91 The schedule above demonstrates that Monroe County has more than adequate cash flows. Monroe County Changes in Not Assets (in thousands) Governmental Businewtype Total Primary Activities Activities Government 2009 2008 2009 2008 2009 2008 Revenues: Charges for Services $25,534 $25,568 $20,029 $21,155 $45,563 $46,723 Operating Grants and Contributions 25,988 34,506 7,708 5,802 33,696 40,308 Capital Grants and Contributions 10,640 6,160 8,658 6,538 19,298 12,698 General Revenues: Property Taxes 81,181 74,681 - - 81,181 74,581 Other Taxes 44,609 48,291 44,609 48,291 State Revenue Sharing 4,077 3,181 - - 4,077 3,181 Investment Income 5,122 7,862 770 1,207 5,892 9,069 Miscellaneous 7,230 4,818 20 302 7,250 5,120 Total Revenues 204,381 204,967 37,185 35,004 241,566 239,971 C-5 ...........---.............................. Governmental Business-type Total Primary Activities Activities Government 2009 2008 2009 2008 2009 2008 Expenses: General Government 34,407 36,241 - - 34,407 36,241 Public Safety 94,962 98,086 - - 94,962 98,086 Physical Environment 6,300 4,743 - - 6,300 4,743 Transportation 8,341 6,280 - - 8,341 6,280 Economic _ Environment 19,111 18,269 - 19,111 18,269 Human Services 7,962 9,235 - - 7,962 9,235 Culture and Recreation 6,69 8,181 - - 6,689 8,181 Court Related 9,149 9,367 - - 9,149 9,367 Interest on Long-'Term Debt 2,594 2,299 2,594 2,299 Solid Waste - - 16,361 15,694 15,361 15,694 Tolt Bridge - - 1,406 1,331 1,406 1,331 Key West Airport - - 10,088 7,028 10,088 7,028 Marathon Airport - - 1,822 2,574 1,822 2,574 Total Expenses 189,515 192,701 28,677 26,627 218,192 219,328 Change in Net Assets Before Transfers 14,866 12,266 8,508 8,377 23,374 20,643 Transfers (2,061) (1,923) 2,061 1,92 - - Change to Net Assets 12,805 10,343 10,569 10,300 23,374 20,643 Net Assets, Beginning 400,269 389,926 87,373 77,073 487,642 466,999 Net Assets, Ending $413,074 $400',269 $97,942 3 87,37 $511(t16 $4 7,642 Governmental Activities The graph on the next page represents a comparison of program revenues to program expenses for governmental activities in fiscal years 2009 and 2008. It is apparent from these graphs that general revenues were required to cover expenses in each of the functions noted. C-6 Monroe County, Florida Governmental Activities (in Millions) For the year ended September 30, 2009 N Program Revenues 0 Program Expenses 100,0 - 95,0 80.0 - 60.0 - 40.0 - 34.4 31. 10.1 20.0 11 9 8.7 6 3 8.3 8.0 6.7 7,39.1 0,7 0 0.3 18 02 -3 0.0 NIO _0 M 4 3 M 0 0<M 3 3 0 S?O 0 M The largest revenue sources for governmental activities in 2009 are property taxes in the amount of $81,181,540 and all other taxes totaling $44,608,972. Total taxes of$125,790,512 amounted to 61.5% of Monroe County's governmental activity revenues excluding transfers. The second largest revenue source is operating grants at 12.7% of governmental activity revenues excluding transfers. The 2009 graph identifies the largest expense function as public safety amounting to $94,962,495. This is 50.1% of the total expenses for governmental activities. The second largest function is general government in the amount of$34,407,356 or 18.2% of total expenses for governmental activities. The general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court, and the Supervisor of Elections. Monroe County, Florida Governmental Activities (in Millions) For the year ended September 30, 2008 8 Program Revenues 0 Program Expenses] 120.098.1 - 100.0 - KO - 60.0 - 362 401 40.0 183 N, 3 04 92 8,2 4.99.4 20.0 4.64.7 6 0.7 �.O 0,2 0.0 music= . ............ MOM G) IV M m (0 3: ;0 0 0 0 3 ;0 3 3 CD 0 ct 3 0 C-7 ------------ --------- The largest revenue sources for governmental activities in 2008 are property taxes in the amount of $74,581,111 and all other taxes totaling $48,291,193. Total taxes of $122,872,304 amounted to 60.0% of Monroe County's governmental activity revenues excluding transfers. The second largest revenue source is operating grants at 16.8% of governmental activity revenues excluding transfers. The 2008 graph identifies the largest expense function as public safety amounting to $98,085,625. This is 50.9% of the total expenses for governmental activities. The second largest function is general government in the amount of$36,241,222 or 18.8% of total expenses for governmental activities. The general government expenses include the Tax Collector, Property Appraiser, Clerk of the Circuit Court, and the Supervisor of Elections. Business-Type Activities The purpose of proprietary funds is to recover the majority of costs incurred in providing a service through user fees and charges for that service. Charges for services revenues in 2009 amount to $20,028,777 or 53.9% of all revenue sources. Other revenue sources include operating grants, capital grants, contributions, investment income, and miscellaneous. Total revenues excluding transfers from other funds were in excess of expenses excluding transfers to other funds by$8,508,239, The change in net assets in 2009 was $10,569,304. This represents an increase of$269,633 from the prior year, mostly attributable to capital grants used to fund the construction of the new Key West Airport Terminal, and operating grants used to fund airport noise improvement projects, offset by declines in charges for services related to the general economic downturn. Financial Analysis of Monroe County's Funds Governmental Funds As mentioned earlier in the Financial Highlights, Monroe County's governmental funds reported combined fund balances of$168,797,594 at the end of the current fiscal year. This represents a 2.8% decrease from the prior year. Governmental funds' unreserved fund balance totals were $146,856,783, an increase of 4.7% from the prior year and 87.0% of the total fund balance. it should be noted that $118,817,417 of the governmental unrestricted fund balances are exclusively available for special purposes, debt service or capital projects. Reserved fund balances are as follows: $9,246,914 to meet current commitments (encumbrances) in the next fiscal year; $2,522,915 for Monroe County Land Authority land and land rights acquisition; $61740,579 for mortgage loans receivable; and $3,430,403 for payment of debt service, The Monroe County Land Authority is a blended component unit of Monroe County and is reported as a non-major special revenue fund. The General Fund is the chief operating fund of Monroe County and automatically, one of Monroe County's major funds. At September.30, 2009, total fund balance in the general fund was $28,040,398. Total revenues increased $6,544,579 or 17.1% from the previous year. Revenue from taxes increased $5,524,738 due to an increase in the millage offset by a reduction of assessed value. Expenditures also decreased $2,647,111 or 3.3%. Expenditures were consistently lower among nearly all expense categories. C-8 ............._.............. ............... ........................................... -—-_-- ........... Other Mg1or Fund Information fin thousands) Fine and Forfeiture Governmental Grants HIDTA 2009 2008 2009 2008 2009 2008 Revenues and Other Sources $43,644 $44,419 $11,787 $ 9,929 $21,004 $22,337 Expenses and Other Uses 45,649 44,217 9,067 10,550 21,004 22,337 Increase/(Decrease)in Fund Balance $ 2,105 $ 202 $ 21720 $ 6 $ - $ One Cent Infrastructure Infrastructure Revenue Surtax Bonds Series 2003 2009 . 2008 2009 2008 Revenues and Other Sources $ 15,571 $16,491 $ 3,051 $ 6,088 Expenses and Other Uses (16,895) 18,073 2,245 12,850 Increase(Decrease)in Fund Balance $; (1;324) $ 1,582 $ 806 $ (6,762), Infrastructure Sales Surtax Big Coppitt Wastewater Revenue Bonds Series 2007 Project 2009 2008 2009 2008 Revenues and Other Sources $ 801 $ 31,049 $ 5,742 $ 26,767 Expenses and Other Uses 9,419 6,226 11,493 13,004 Increase(Decrease,i in Fund Balance $ (8,618L $ 24,823 $ &,751 $ ''132763 Fine and Forfeiture Special;Revenue Fund Charges for services relative to air ambulance revenues decreased due to a reclassification necessary to conform air ambulance revenues to the County's revenue recognition criteria; The cost of Sheriff health and liability insurances increased as did the cost of maintaining the correctional facilities;' Most of the increase in the correctional facilities cost was due to higher utilities and additional repairs and maintenance. Governmental Grant' g2ecial Revenue Fund Hurricane related grant revenues and expenditures continued to decline in the current year as the majority of those grants were closed in the prior year. Additional grant revenues were available to fund the Big Coppitt wastewater project expenditures in the current year. C-9 HI TA grants Special Revenue Fund This fund is used to account for reimbursement grants funded by the U.S. Department of Justice to fight drug trafficking. The volume of revenues and expenditures has not significantly changed as programs established by the grantor have been continued. Ont Qent Infrastructure Surtax gapital Projects Fund The citizens of Monroe County approved a one cent sales surtax which is the main revenue source in the fund. The sales surtax revenues declined due to the economy. Investment income also declined due to the drop in interest rates and reductions in the amount of accumulated funds invested, The decline in the tax and investment revenues was offset by an increase in miscellaneous income received as a result of legal settlements'. I nfra structure Revenue Roads Series 2003 Capital Proi2qjs Fund In 2003, Monroe County issued $21,455,000 in revenue bonds to be paid from one cent sales surtax revenues. Revenues transferred from the,One Cent Infrastructure Surtax'Capital Projects Fund decreased. Expenditures decreased as projects to be funded'by bond proceeds are nearing completion. Infrastructure Revenue Bands Series 2007 Capital Projects Fund In 2008, Monroe County issued $29,41 5,000 in Revenue Bonds to be paid from one cent sales surtax revenues. In 2009, the major revenue source was from the investment of the prior year debt proceeds. Expenditures increased as funds were available for the entire year to fund construction projects. gig o itt Wastewater Pr"ect Ca ital Projects Fund In 2008, Monroe County borrowed $21,000,000 in Revenue Notes from the Florida Rural Utility Financing Commission to assist in the financing of the Big Coppitt Wastewater Project.' The Revenue Notes will be repaid in 2010 from the proceeds of permanent financing from the Clean Water State Revolving Lean Fund. The permanent financing will be paid from the non-ad valorem revenues available after the payment of any senior obligations, which revenue source is expected to be the one sent sales surtax revenues. In 2009, revenues were earned from the investment of the prior year debt proceeds, from homeowner assessments and other county funding, Expenditures decreased as portions of the projects were completed in the prior year. Proprietary Fends Proprietary fund statements provide the same information as in the business-type activities column of the government-wide: statements but in greater detail and on a fund basis for enterprise funds and internal service funds Th2 Municiggl Service Distrig-Waste Enterprise Fung maintains Monroe County's landfills and transfer sites.^ Monroe County continues to outsource the waste maul-out services through a major contract. The revenues are pledged to meet the debt service payment requirements on the Monroe County, Florida Solid Waste Disposal System Refunding Revenue dote, Series;2002. The level of construction activity within the County dropped resulting in lower revenues from landfill sites. Expenses decreased' due to the related drop in the trash hauling costs. Card Sound Bridge Enterprise Fund The Bridge is an alternative route to the "Eighteen Mile Stretch." Over the last two years, the Florida Department of Transportation has been engaged,in a project to widen the "Eighteen Mile Stretch"for the improvement of hurricane evacuation. When the project would slow traffic, drivers would choose to use the Card Sound Bridge toll road'. Now that the project is completed, fewer drivers are using the Card Sound Bridge Road. Expenses have increased due to additional depreciation relative to a major bridge improvement and additional contributions to the General Fund for cost allocation. Thg,L<@y West Air art Entg132J§2 Fund In 2006, the Key;West Airport issued revenue bonds to fund the cost of a new terminal and related facilities. The terminal was placed in service in 2009, generating additional charges for services. However, it was necessary to prepare the terminal for opening which generated additional 'expenses before any revenues could be earned. A noise improvement program, C-1`0' which was in the planning stages in the prior year, was underway which increased operating grants and operations expanses. Another phase of the noise improvement program is in the planning stages. Other factors concerning the finances of these three major funds have already been addressed in the discussion of Monroe County's business-type activities. The internal service funds include the Worker's Compensation Fund, Group Insurance Fund, Risk Management Fund and the Fleet Management Fund. The self-insurance funds are an important part of Monroe'County's operations. Internal service fund revenues were comparable to the prior year, except for an increase in insurance recoveries. Worker's Comp excess claims policies provided additional revenue, and hurricane insurance claims continue to be collected. Operations' expenses decreased due to savings on insurance premiums, a reduction in fees paid to insurance adjustors, and a reduction in the cost and usage of gasoline and diesel fuel. The County has continued to cut the number of cars in its fleet. Group insurance claim expenses increased due to an increase in the number of plan members with serious illnesses. Risk Management Fund reimbursed funds which had generated claim expenditures in the prior year. Accordingly,'transfers out decreased. Capital Assets Monroe County's financial statements present capital assets in two categories: those assets subject to depreciation, such as buildings, infrastructure, and equipment and those not subject to depreciation such as land and construction in process. Investment in capital:'assets for both governmental and business-type activities, net of related debt at September 30 2009 was $331,369,020. Investment in capital assets for governmental activities is $ 58,756,867 and $72,612,153 for business-type activities. These capital assets include assets purchased as well as donated. They also include infrastructure assets, e.g., bike paths, roads, bridges, stormwater and wastewater sites recorded at historical cost. Monroe County has 'several significant general government construction projects. Construction is in process for wastewater collection systems throughout the Keys, a new medical examiner facility and two new fire stations. The new Key West airport terminal is in service and is expected to be fully completed by the summer of 2010 The Marathon airport is also undergoing improvement and renovations. Further details are available in Note 6 to the financial'statements pages F-15 through F-17. Long-Term Debt At September 30, 2009, Monroe County had long-term debt in the amount of'$101,014,933. This debt is mainly comprised of revenue bonds and notes secured by pledges of revenues. Revenue secured debt for governmental activities is $79,780,356 and $21,234,577 is for business-type activities. Monroe County has no general obligation bonds. There were no additions to long-term debt with the exception of adjustments to the estimates of other post employment benefits and landfill closure costs and accrued compensated absences earned. Retirements of bang term debt amounted to $18,59 ,398'which included the scheduled retirement of $5,635,929 of revenue bonds and notes'and early retirement of$7,155,000 of revenue bonds. C-1'1 Moody's Investors Service rated Monroe County, Florida Infrastructure Sales Surtax Revenue Bonds, Series 2003 and 2008 W". Standard and Poor's Ratings Services also rated these issues "A+" The Monroe County Florida Airport Variable Rate Revenue Bands ratings are Aa3/A+/A+. Further details are available in Dote 12 to the financial statements pages F-24 through F-27. Budgetary Highlights The category changes in the General Fund's final budget are summarized below: There were no significant category changes in the revenue budget. The largest category,change was in, miscellaneous income in the amount of $225,001 or 0.26% of the original budget. Additional miscellaneous revenues were budgeted to permit expenditure of unanticipated funds. There were no significant category changes in the expenditure budget. The largest category change was to reduce the contingency,budget by $435,604 or -0.46% of the original budget. Amounts originally budgeted as contingency funds were reclassified in accordance with current year requirements. Economic Factors and Next Year's Budgets and Rates Monroe, County's officials considered many factors when adopting the fiscal year 2010 budget. Included''among these factors were the anticipated change in property values, property tax assessment caps imposed by the State legislature, changes in homestead property exemptions approved by the voters, the national economic downturn and the restoration of fund reserves. Also considered were the costs of employee benefits projected, increases in insurance premiums for all types of coverage, the construction of wastewater treatment infrastructure, affordable housing initiatives, the airport improvement project, and expansion of pans and recreational facilities. Ad valorem taxes based on property values comprise approximately 71.1% of budgeted tax revenues. The Property Appraiser certified a county-wide property value of roughly $26.6 billion for fiscal year 2009. For fiscal year 2010, the county-wide property value has been certified at approximately $22.5 billion, a decrease of 15.4%, The budget for Intergovernmental revenues was decreased to consider the economic downturn. In addition, construction grants for projects completed in 2009 were not budgeted in 2010. Budgeted changes for services revenue are expected to increase in the next fiscal year. The new Ivey West airport terminal will generate additional rents and airline fees. Solid waste residential rates have remained the same for the past thirteen years because of previous successful negotiations with the contractor providing waste transportation services. In the coming year, rates will increase to compensate for the loss of revenues attributed to the economic downturn. Budgeted expenditures have decreased as cost cutting measures continue. Approximately 35 positions were eliminated, divisions have been reorganized, and compensation increases have not been allowed except for employees covered under a collective bargaining agreement. However, budgeted expenditures for the Tourist Development Council have increased in an effort to improve the County's economic environment: Requests for Information This financial report is designed to provide a general overview of Monroe County's finances for all those with an interest in its finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Finance Director, Clerk of the Circuit Court, 500 Whitehead Street, Key West, Florida 33040. C-12 BASIC FINANCIAL STATEMENTS MONROE COUNTY, FLORIDA STATEMENT OF NET ASSETS' SEPTEMBER 30, 2009 Primary Government Governmental Business-Type Activities Activities Total ASSETS Current Assam: Cash and Cash Equivalents $ 83,635,819 $5,190,429 $ 88,826,248 Investments 97,958,310 10,721,813 108,680,123 Accounts Receivable, Net 1,719,503 965,205 2,684,708 Internal Balancer 1,311,497 (1,311,497) - Due from Other Governmental Units 6,328,084 6,584,268 12,912,352 Interest Receivable 1,244,673 106,316 1,350,989 Inventory - - - Restricted Cash and Cash Equivalents 2,821,885 2,278,118 5,100,003 Restricted Investments 21,147,336 1,956,281 23,103,617 Total Current Assets 216,167,107 26,490,933 242,658,040 Noncurrent Assets: Restricted Cash and Cash Equivalents - 3,892,029 3,892,029 Restricted Investments - 9,223,503 9,223,503 Restricted Interest Receivable - 38,669 38,669 Mortgage/ Notes Receivable 13,957,533 - 13,957,533 Allowance for Mortgage/Notes Receivable (7,216,954) - (7,216,954) Deferred Charges 670,496 317,699 988,195 Land and Other Nondepreciable Assets 178,006,921 47, 87,235 225,594,156 Other Capital Assets, Net of Accum Deprec 119,937,660 40,229,945 160,167,605 Total Noncurrent Assets 305,355,656 101,289,080 406,644,736 Total Assets 521,522,763 127,780,013 649,302,776 LIABILITIES Current Liabilities: Accounts Payable 14,441,546 992,724 15,434,270 Retainage Payable 1,804,783 7,515 1,812,298 Accrued Wages and Benefits Payable 4,122,736 190,633 4,313,369 Claims and Judgements Payable 6,256,204 - 6,256,204 Due to Other Governmental Units 1,529,820 470,393 2,000,213 Accrued Comp. Absences Payable 450,993 25,615 476,608 Deposits in Escrow 48,570 150,055 198,625 Unearned Revenue 244,636 66,689 311,325 Accrued Interest Payable 220,500 26,497 246,997 Capital Leases Payable 21,790 50,000 71,790 (Continued) The notes to the financial statements are an integral part of this statement. D-1 MONROE COUNTY, FLORIDA STATEMENT OF NET ASSETS -CONTINUED SEPTEMBER 30, 2009 Primary Government Governmental Business-Type Activities Activities Total Revenue Bonds Payable 4,031,091 - 4,031,091 Current Liabilities Pyble fm Curr Hest Assets: Accounts Payable - 5,032,040 5,032,040 Retainage Payable - 1,658,536 1,658,53 Accrued Interest Payable - 7,780 7,780 Revenue Notes Payable - 479,791 479,791 Revenue Bonds Payable - 475,000 475,000 Total Current Liabilities 33,172,669 9,633,268 42,805,937 Noncurrent liabilities: Payable from Restricted Assets- Landfill ClasurefPostclosure Costs - 408,441 408,441 Accrued Comp. Absences Payable 7,134,592 465,391 7,599,983 Capital Leases Payable 18,372 667,270 685,642 Revenue Notes Payable 21,000,000 1,032,365 22,032,365 Revenue Bonds Payable 38,085,682 16,735,000 54,820,682 Claims and Judgements Payable 46,276 426,276 OPEB Liability 9,037,836 469,428 9,5071264 Total'Noncurrent Liabilities 75,276,482 20,204,171 96,480,653 Total Liabilities 108,449,151 29,837,439 138,286,590 NET ASSETS Invested in Capital Assets, Net of Related Debt 258, 6,867 72,612,153 331,369,020 Restricted: Debt Service 3,430,403 5,793,886 9,224,289 Capital Construction 17,683,113 - 17,683,113 Landfill Closure and Post Closure - 1,42,013 1,482,013 Unrestricted 133,203,229 18,054,522 151,257,751 Total Net Assets $ 413,073,612 $ 97,9421574' $ 511,016,186 The notes to the financial statements are an integral part of this statement. D-2 MONROE COUNTY, FLORIDA STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2009 P ram Revenues operating Capital Charges for Grants and Grants and Fun n /Pro rams Expenses Services Contributions Contributions Primary government: Governmental activities General;Government` $ 34,407,356 $ 9,243,288 $ - 2,706,275 Public Safety 94,962,495 9,284,934 21,735,474 219,055 Physical Environment 6,300,287 764,463 199,605 7,709,370 Transportation 8,341174 286,217 380,863 5,380 Economic Environment 19,111,098 - 304,677 - Human Services 7,962,055 447,892 1,360,337 - Culture and Recreation 6,688,377 139,738 66,619 - Court Related 9,149,301 5,367,758 1,940,462 - Interest on Long `Term Debt 2,593,786 - - - Total governmental activities 189,515,929 25 634,290 25,988,037 10,640,080 Business-type activities: Solid Waste 15,361,36 13,674,407 327,316 - Toll Bridge 1,405,599 1,129,924 - - Key West Airport 10,088,164 4,496,771 7,195,495 6,565,311 Marathon Airport 1,821,621 727,675- 184, 38 2,092,873 Total business-type activities 28,676,720 20028,777 7,707,649 8,658,184 Total primary government $ 218,192,649 $ 45563,067 $- 33,695,686 $ 19,298,264 General Revenues: Taxes: Ad Valorem Taxes Tourist Impact Tax Gas Tax 1/2 Cent Sales Tax One Cent Infrastructure Tax Tourist Development Tax Other Taxes Other St. Shared Rev,Unrestricted Investment Income Settlements, Insurance Recoveries Donations, and Other Income Transfers Total General Revenues and Trsfs Change in Net Assets Total Net Assets-Beginning Total Net Assets-Ending 'The motes to the financial statements are an Integral part of these statements. D-3 Not Ex ens Revenue and Chan es 1n Not Assets mart overnment Governmental Business-type Activities Activities Total $ (22,457,793) $ - $ (22,457,793) (63,723,032) - (63,723,032) 2,373,151 - 2,373,151 (7,668,714) - (7,668,714) (18,806,421) - (18,806,421) (6,153,826) - (6,153,826) (6,482,020) - (6,482,020) (1841,081) - (1,841,081) (2,593,786) - (2,593,786)' (127 353,522). 127,353,522) - (11359,613) (1,359,613) - (275,675) (275,675) - 8,169,413 8,169,413 - 1,183,765 1,183,765 7,717,890 7,717,890 (127,353,522) 7,717,890 (119,635,632) 81,181,540 - 81,181,540 2,567,410 - 2,567,410 4,79 ,391 - 4,795,391 7438,894 - 7,438,894 13,702,434 - 13,702,434 14,962,879 - 14,962,879 1,141,964 - 1,141,964 4,076,609 - 4,076,609 5,121,626 770,354 5,891,980 7,230,251 19,995 7,250,246 2,061,065 21061,065 140,157,933 21851,414 143,009,347 12,804,411 10,569,304 23,373,715 400,269,201 87,373,270 487,642,471 $ 413,Q73,612 $- 97,942,574 $ 511,016,186' D-4 MON1ROE COUNTY, FLORIDA BALANCE ;SHEET GOVERNMENTAL FUNDS SEP"TEMBER 30, 2009' Fine & Governmental HIDTA General Forfeiture Grants Grants _Ass Cash and Cash Equivalents $ 19,220,172 $ 2,314,920 $ 259,571 $ 144,202 Investments 1`7,170,220 12,247,446 2,254,497 - Accounts Receivable, Net 65,120 1,107,129 1,434 5,064 Due from Other Funds 1,185,939 1,843,462 322,333 2,299 Due from Other Governmental Units 392,921 448,310 1,528,859 1,476,152 Mortgages/Notes Receivable - - 107,837 - Allow, for Mortgages/Notes Receivable - - (107,837) - Interest Receivable 160,915 132,971 19,638 - Total Assets $ 38,195,287 $ 18,0941238 $ 4,386,332 $ -1,627,717 Liabilities and Fund Balances Liabilities: Accounts Payable $ 3,665,924 95,753 $ 340643 $ 651,897 Retainage Payable 9,101 - 2,490 - Accrued Wages and Benefits Payable 2,992,507 58,088 58,074 253,185 Due to Other Funds 2,880,733 15,512 78 ,831 127,022 Due to Other Governmental Units 559,337 - 64,801 595,613 Deposits in Escrow 45,471 - - - Deferred Revenues 1,816 1,00 ,719 1,243,561 - Total Liabilities 10,154,889 1,173,072 2,49 ,400 1,627,717 Fund Balances: Reserved for: Encumbrances 1,032 56,845 1,720,815 - Land Acquisition - - - - Mortgage Loans - - - - Debt Service - - - - Unreserved, Designated in Spec Rev Fund - - - Unreserved, Undesi nated 28,039,366 16,864,321 173,117 - Unreserved, reported in nonmajor. Special Revenue Funds - - - - Capital Project Funds - - - Total Fund Balances 28,040,398 16,921,166 1,893,932 - Total Liabilities and Fund Balances $ 38,195,287 $ 18,094,238 $ 4,386,332 ' $ 1,627,717 The notes to the financial statements are an integral part of these statements, E-1 One Cent infrastructure Infra SIs Srtx Big Coppitt Nonrnajor Total Infrastructure Revenue Bonds Revenue Bonds Wastewater Governmental Governmental Surtax Berms 2003 Series 2007' Project Funds Funds $ 2,171402 $ 1,947,988 $ 4,556,097 $ 505,613' $ 26,944,888 $ 58,064,853 14,170165 - 15,417,571' 8,682,841 49,162,906 119,105,646 - - - - 488,864 1,667,631 433,036 - - 4,401 1,751,813 5,543,283 1,067,880 - 133,316' 15 1,157131 6,204,584 - - - - 13,849,696 13,957,533 - - - - (7,109,117) (7,216 954) 141,482 ., 33,407 _ 92.!606 27,099 4281336 1,036,454 $ 17,983 965 $ 1 981,395 $ 20,1,99,590 $ 9219 $ 86,674,537 $ 198,363,030 $ 1,010,673 $ - $ 3,831,131 $ 1,095,816 $ 3,317 085 $ 14,008,922 736,687 866,771 160,554 - 29180 1,804 783 1819 2,080 2,002 - 669,642 4,053,997 375 - - 112,779 1,573147 5,492, 99 - - - - 287,967 1,507,718 3,099 48,570 - - - 399,951 2,649,047 1,766,154 868,851 3,993,687 1,208,595 6,280 071 29,565,436 146,185 57,64 929,214 5,211,615 58574 9,246,914 - - - - 2,522,915 2,522,915 - 6,740,579 6,740,579 - - - - 3,430,403 3,430,403 - - - - 481,367 481367 16,071,626 514,910 15,276,689 2,799,759 - 79,739,788 - - - - 66,530,926 66,530926 - _._. - - - 104702 104,70 16,217,811 1,112,544 161205,903 8,01 ,374 80,394,466 168,797,594 $ 17,983, ,965 $ 1,981,395 $ 2011991590 $ 9,219,969 86,6744537 $ 198 363,030 E-2 MONROE COUNTY, FLORIDA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO STATEMENT OF NET ASSETS SEPTEMBER 30, 2009 Amounts reported for governmental activities in the Statement of Net Assets are different because: Ending Fund Balance- Governmental Funds $ 168,797,594 Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds, net of accumulated depreciation of$97,910,854. 296,742,306 Deferred charges, bond/note issuance costs, used in governmental activities are amortized over the life of the debt and are not financial resources. Therefore, they are not reported in the governmental funds. 670,496 Deferred revenues are not reported in the governmental funds as they are not current financial resources. They are reported as a reduction of deferred revenues in the Statement of Net Assets. 2,404,411 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. Revenue Bonds Payable (42,116,773) Revenue Note Payable (21,000,000) OPEB Liability (8,870,569) Capital Leases Payable (40,162) Accrued Interest Payable (220,500) Accrued Compensated Absences (7,448,998) Total (79,697,002) The Assets and Liabilities of the Internal Service Funds (funds are used to charge the costs of insurance and fleet maintenance activities to individual funds) are not reported in the Governmental Funds, 24,155,807 Net Assets of governmental activities $ 413,073,612 The notes to the financial statements are an integral part of this statement. E-3 ..................................................................................................................................................................... THIS PAGE INTENTIONALLY LEFT BLANK M. ...... ........ .............. , ..,,..,,:: _ .. MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES GOVERNMENTAL MENTAL FUNDS FOR THE YEAR ENDED SEPT EMBER 30, 009 Fine & Governmental HIDTA General Forfeiture, Grants Grants Revenues: Taxes $ 31,354460 $ 39,235,622 $ - $ - Licenses and Permits 482,923 - - Intergovernmental 6,739 331 27,348 11,158,684 21,003,797 Charges for Services 4,324,945 1,555,723 152,044 - Fines and Forfeitures 10,293 262,23" - - Investment Income 604,831 482,674 51,930 - Miscellaneous 1,22 ,095 6,312 28,146 ' - Total Revenues 44,738878 41,569,952 11,390,804 21,003,797 Expenditures: Current: General Government 24,528,008 498,707 19,348 - Pblic Safety 39,963,715 7,484,649 412,121 21,003,797 Physical Environment 207,141 - 206,235 - Transportation 190841 - 456,163 - Economic Environment 591,467 - 125,338 - Human Services 5,351,472 - 1,770,551 - Culture and Recreation 2,623921 58,619 - Court Related 3,85 ,022 40,736'" 17,656 - Capital Projects - - - - Debt Service 165326 - - - T€atal Expenditures 77,474 913 8,024,092 3,066,031 21,003,797 Excess/Deficiency of Revenues Over/(Under) Expenditures (2,736 035) 33,545,860 8,324,773 Other Financing Sourced(Uses): Transfers from Other Funds 45,721,771 1,974,436 396,076 - Transfers to Other Funds (1,415,763) (37,625,147) 6,0009553) Total Other Financing Sources/(Uses) 44,306,008 35,650Z111 5,604,477) - Net Change In Fund Balances 11,569,973 (2104,851) 2,720,296 - Fund Balances-October 1 16,470,425 19,026,017 (826,364) - Fund`Baia nces-September 30 $ 281040 398 $ 16 921,166 $ 1,893,932 $ - The notes to the financial statements are an integral part of these statements. E-4 One Cent Infrastructure Infra Sls Srtx Big Coppitt Nonmajor Total Infrastructure Revenue Bonds Revenue Bands Wastewater Governmental Governmental Surtax Series 2003 Series 2007 Project Funds Funds $ 13,702,434 $ - $ - $ - $ 30,170,559 $ 114,463,075 - _ _ _ 2,597,210 3,080,13 250,048 27,074 14,318,890 5 ,525,172 - - 10,828,726 16,861,438 - - - - 1,605,305 1,877, 71 467,819 7474 548,293 472,143 1,655,960 4,291,124 €354842 3,703 - 657,065 1,237,758 4,009,921 15,025,095 11,177 798,341 1,1561282 �- .„62,414,408 198 108,734 - - - - 4,827,947 29,874,010 - - - 21,131,969 89,996,251 - - - 1,803,086 2,216,462 - - - 4,058,998 4,706,002 - - - 18,267,683 18,984,488 - - - 357,831 7,479,84 - _ - - 1,741,518 4,424,058 - - - - 4,470,556 8,381,970 4,988,226 2,244 878 9,418,607 11,493,089 88,091 28,232,891 - - - 7,036,249 7,201,575 4,98 ,226 2,244 878 9,418,607 11,493,089 63,783,928 201,497,561 10,036,869.._ (2,233,701) (8,620,266) (10,3 6, 07) (1,369,520) 3,3881827,) 545,851 3,040424 2,727 4,585,356 10,756,679 67,023,32 (11,9t}7 55444) - - (11,467,896),467,896) (68,416, 03) (11,361 693) 3,040 424 2,727 41585,356 (711,217) (1,393,583) (1,324,824) 806723 (8,617,539) (5,751,451) (2,080,737) (4,782,410) 17,542,635 305,821 24,823,442; 13,762,825 82,475,203 173,580,004 $ 16,217,811 $ 1 112 544 $ 16 205 903 $ 8 011 74 $ 80.394 466 168,797,5$4, The notes to the financial statements are an integrals part of these statements, E-5 MONROE=COUNTY, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED''SEPTEMBER 30,,2009 Amounts reported for governmental activities in the statement of activities are different because: Net change in fund valences -total governmental funds $ (4,782,410) Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays of $29,062,520 exceeded depreciation of$8,207,114 in the current period. 20,855,40 Governmental funds do not report donated capital assets as they do not provide current financial resources. Governmental activities report donated assets at the fair market value. 1,903,981 Governmental Funds only report the disposal of assets to the extent proceeds are received from the sale. In the Statement of Activities, transfers of property to other governmental agencies are reported as expenses. (4,178,316) Payment of long.-term debt is reported as an expenditure on the governmental funds as current financial resources are used, but a reduction of long-term liabilities in the Statement of Net Assets. 4,687,526 The change in compensated absences is reported in the Statement of Activities and is not reported in governmental funds as current financial resources are not used. (148,473) The change in OPEB liability is reported in the Statement of Activites and is not reported in governmental funds as current financial resources are not used. (3,943,893) Governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued; whereas,these amounts are deferred and amortized in the Statement of Activities. In addition, interest and other accruals not using current:financial resources are reported as governmental activities. The amount is the net effect of these transactions, (79,737) Revenues that do not provide current financial resources are not reported on governmental funds. However, revenues that are earned in the current period are reported in the Statement of Activities. (778,936) The net revenues of internal service funds (funds used to charge the costs of certain activities to individual funds) are reported with governmental activities. (730,737) Change in net assets of governmental activities 12,804,411 The notes to the financial statements are an integral part of this statement. E-6 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Budget Budget Actual (Negative,) REVENUES: Taxes $32,535,474 $ 32,5 5,474 $:31,354,460 $ (`1,181,014) Licenses and Permits 350,000 350,000` 482,923 132,93 Intergovernmental 6,524,907 6,524,907 6,739,331 214,424 Charges for Services 4,398,983 4,409,943 4,324,945 (84,998) Fines and Forfeitures 10,000 10,000 10,293 293 Investment Income 600,000 600,000 604,831 4,831 Miscellaneous 600 000 825,001 1,222,095 397,094 Total Revenues 45,019 364 45,265,325 44,736,876 516,447 EXPENDITURES: Current: General Government: Board of County Commissioners 1,642,195 1,596,195 1,348,414 247,781 County Administrator 561,624 566,624 557,069 9,555 Public Works Management 122890 123,890 12 ,275 615 County Attorney 1,181,101` 1,181,101 1,033,440 147,61 Office of Management& Budget 372,466 417,466` 394,020 23,446 Technical Services 1,523,928 1,523,928 1,393,226 130,702 Technology Replacement 160,000 160,000 59,716 ' 100,284 Grants Administration 103,218 58,218 38,133 20,085 Personnel 334,182 334,182 326,790 7,39 Purchasing 209,827 209,827' 202,547 7,280 Public Works (Facilities Meirytenance 6,577,974 6,572,024 5,918,121 653,903 Value Adjustment Board 72,100 72,100' 27,032 45,068 Lobbyist - 82,000 35,000 47,000 Wind Storm Actuarial - 150,000 46,456 103,544 Promotional Advertising 5,000 5,000 1,823 3,177 Tax Increment Payment 360,200 372,200` 372,200 - uasi External Services 60,000 105,000 101,480 3,520 Clerk to BO CC-Financial Package 5,000 5,000 - 5,000 Clerk of Ct Comm'& Fees-Noncourt 3,528 345 3,528,345 3,129,270 ' 399,075 Tax Collector 4,287,416 4,294,416 4,048,054 246,362 Property Appraiser 4,389,578 4,389,237 3,970,260 418,977 Supervisor of Elections 1,409,320 1,409,320 1,263,376 145,944 Supervisor of Elections-Insurance 122,185 117,185' 114,949 2,236 Gov't Enterprise Management System 35,000 46,000 2 ,357 22,643 Total,General Government 27,063,549 27,319,258 24,528,008 21791,250 The notes to the financial statements are an integral part of these statements. (Continued) E-7 MONROE,COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES'-BUDGET AND ACTUAL.-CONTINUED GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Public Safety. Hurricane 100,000 100,000 - 100,000 Emergency Management 204,063 201,363 176,786 24,577 Marathon Emer Operations Center 70,315 70,315 33,246 37,069 Medical Examiner 649,750 649,750 581,447 68,303 American Red Cross Lower Keys 5,000 5,000' 5,000 - Sheriff'Law Enforcement 23,300,377` 23,300,377 22,540,613 759,764 Sheriff Corrections 17,043,085 17,043,085 16,487,355 555,730 Fire Academy 310,678 3101678 139,268 171,410 Total Public Safety 41,683,268 411 80,568 39,963,715 1,716,853 Physical Environment: Extension Service 186,485 186,485 179,781 6,704 Upper Keys Wild Bird Ctr 9,120 9,120' 9,120 - Marathon Wild Bird Ctr 9,120 9,120 9,120 Exotic Wild Bird Rescue 9,120 9,120 9,120 - Total Physical Environment 213,845 213,845 2071141 6,704 Transportation: County Engineer 245,242' 401,242 190,841 210,401 Economic Environment: Literacy Volunteers of America 4,000 4,000 4,000 - Veteran`s Affairs 485,112 481,612 448,975 32,637 Veteran's Affairs Transportation 132,964 139,869 138,492 1,377 Total'Economic Environment 622,076 625,481 591,467 34,0,14 Human Services-: Health Care Respite Act 40,000 40,000 - 40,000 Hospice of the Florida Keys 145,000 145,000 145,000 - Public'Works Animal Shelter 947,485 947,485 941,446 6,039 Bayshore Manor 691,451 691,451' 669,909 21,542 Middle Keys Guidance Clinic 215195' 215,195 215,195 - Middle Keys Guidance Clinic 30,148 30,148' 30,148 Middle Keys Guidance Clinic 69,177 69,177 69,177 - Middle Keys Guidance Clinic 340,000' 340,000 340,000 - (Continued) The notes to the financial statements are an integral part of these statements; E-8 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES •BUDGET AND ACTUAL-CONTINUED GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Budget BudgetActual (Ngative) GCMK Bakermrchmn Tra sp 48,000 146,000' 126,764 19,236 Care Center for Mental Health 280,000 280,000 277,600 2,400 Monroe Cnty Assoc.for Retarded Citizens 148,000 148,000 148,000 - Heron/Peacock 50,000 53,122 53,122 - Older Americans Volunteer Program 500` 500 128 372 Welfare administration 377,288 419,588 405,604 13,984 Welfare Services 540,000 497,700' 209,121 288,579 Florida Keys Children's Shelter 148,000 148,000 148,000 - Wesley House 128,000 128,000 127,997 3 It CEF1 Monroe Youth Challenge 16,087 16,087 16,087' - Helpline 4,000 4,000 4,000 - Domestic Abuse Shelter 34,000 34,000 34,000 - Florida Keys Outreach Coalition' 30,000 30,000 30,000 - Samuel's House 83,000' 86,122' 86,122 - omankind 70,000 70,000 70,000' - Rural Health Network 273,600 273,600' 273,600 - Rurai Health Network STD 60,000`' 60,000 60,000 - Social Service Transportation 685,574 685,574 604,675 80,899 Keys Area Interdenominational Resources, 4,000" 4,000 4,000' - FL Keys Healthy Start Coalition 5,000' 5,000' 5,000' - Just for Kids 49,400 49,400 46,923 2,477 MCSB Pace 34,000 34,000 34,000 - Easter Seals Society 10,000 10,000 10,000 - Health Department Lease 58,929 69,889 69,888 1 Aids Help 27,000 27,000 27,000 - Center for Independent Living 4,000 4,000 4,000 - Good Health Clinic 35,000 35,000 34,966 34 FL Keys Area Hlth Educ Ctr 30,000 30,000 30,000 - Total Human Services 5,711;,834 5,827,038 5,351,472 475,566 Culture and Recreation: Heart of the Keys Recreation 30,400' 30,400 30,400 - Big Pine Athletic Association 34,711 34,711 344,711 - Boys and Girls Club 40,000 75,000 70,076 4,924 Upper Keys YMCA 11,400 11,400 11,400' - Higgs Beach Maintenance 2,753' 47,703 39,426 8,277 (Continued) The notes to the financial statements are an integral part of these statements E-9 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -CONTINUED GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009'' Variance with Final Budget Original Final Positive Budget Budget Actual (Native) Lower Keys AARP 3,800 3,800 2,717 1,03 Middle Keys AARP 3,800 3,800 2,178 1,622 Big Pine Key AARP 3,800 3,800 1,697 2,103 Upper Keys AARP 3,800 3,800 3,800 Fine Arks Council 57,000 57,000 57,000 - Historic Keys'Foundation 28,500 28,500 28,500 - Pigion Key Foundation 40000 40,000 40,000 - Library Admin Support 518,365` 517,760 509,892 7,868 Library Key West 660,017 660,017 633,957 26,060 Library Key West Donations - 118,108 59,070 59,03 Library'Marathon 273,996 273, 96 257,053 16,943 Library Marathon Donations 14,962` 43 14,919 Library lslamorada 243,328 243,328 241,833 1,495 Library'isiamorada Donations - 495 - 495 Library Key Largo 351,761 351,761' 343,867 7,894 Library Key Largo Donations - 4,186 - 4,186 Library Big Pine Key 280,795 280,795 258,540 22,255 Library Big Pine Key Donations 7,978 1,561 6,417 Total Culture and Recreation 2,588,226 2,813,300 2,623,921 189,379 Court Related':' Law Library 53,656 54,261 5 ,780 481 Guardian Ad Litern 159094 159,094 158,712 382 State Attorney 338,330 338,330 304,691 33,639 Public Defender 48547 499,402 498,024 1,378 Sheriff Court Security 1,315991 1,315,991 1,273,080 42,911 Court Administration 7,101 7,101 5,600' 1,501 Court Admin-Judicial Support 147172 147,172 144,595 2,577 Court Admin-Circuit Ct Reporter Svcs 1,675 1,675 1,600 75 Court Admin-Circuit Drug Court 437,200 437,200 403,884 33,316 Court Admin-Pretrial Release 502,563 502,563 498,156 4,407 Court Admin-Family Ct Case Mgmt 170,522 170,522 168,728 1,794 Ct. Admin-Other Circuit Court Juvenile'; 49,029 49,029 47,371 1,658 Ct.Admin-Pretrial Svcs Drug Diversion 120,970 120,970 103,851 17,119 Court Admin-Information Systems 195268 195,068 190,950 4,118 Total Court Related 3,983868 3,998,378 3,853,022 145,36 (Continued) The notes to the financial statements are an integral part of these statements. E-10 MONRGE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL, -CONTINUED GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009` Variance with Final Budget Original Final Positive Budget Budget Actual (Ne ati�ve) Debt Service; Principal 199,615 199,615 159,947 39,668 Interest 14414 14,414 5,379 9,035 Total Debt Service 214,029 214,029 165,326 48,703 Total Expenditures 82,325937 83,093,139 77,474,913 5,618,226 Excess/Deficiency of Revenues Over/(Under) Expenditures ( 7,306,573) (37, 37,814) 32,736,035), 5,101,779 Other Financing Sources/(Uses): Reserve for Contingencies ( ,582 754) (9,147,150) - 9,147,150 Transfers from Other Funds 40,636,986 40,678,230 45,721 771 5,043,541 Transfers to Other Funds J2,343,462) ; (2,246,162) �1,4154763), 830,399 Total Other Financing Sources/(Uses) 28,710,770 29,284,918 44,306,008 15 021,090 Net Change In Fund Balances (8,595,803) (8,552,896)` 11,569,973 20,122,869 Fund Balances, October 1 1,777 612 1,777,612 16,470,425 14,,692,813 Fund Balances, September 30 $ (6,818191) $ (6,775,284) $28,040,398 34,815,682 The notes to the financial statements are an integral part of these statements. E-11 MONR+GE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FINE AND FORFEITURE SPECIAL REVENUE FUND FOR THE DEAR ENDED SEPTEMBER 30,''2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $40,960,115 $40,960,115 $39,235,622 $ (1,724,493) Intergovernmental 40,000 40,000 27,348 (12,652) Charges for Services 2,781,911 2,781,911 1,555,723 (1,226,188) Fines and Forfeitures 250,000 250,000 262,273 ' 12,273 Investment Income 700,000 700,000 482,674 (217, 26) Miscellaneous - 529106 64312 (45,794) Total Revenues 44,732-,026 44, 64,132 41,56 ,952 (3,214,180) EXPENDITURES: Current: General Government: Tax Increment Payment` 635,,000 635,000 498,707 136,293 Public Safety:, Sheriff Law Enforcement 2,385,143 2,385,143 2,385,143 - Sheriff Corrections 2,208,876 2,208,876 1,882,225 326,651 Sheriff Court Security 258,824 258,824 246,561'' 12,26 Band Refunds 25,000 25,000 - 25,000 LEEA Funds 75,000 75,000 75,000 - Public Works Correction Facilities 1,796,550 1,796,560 1,652,382 144,168 Medical Air Transport 722,514 1,034,484 907,267 127217 Keys to Recovery Program 249,777 - - Interagency'Communications 483,324 54,389 16,617 37,77 Juvenile detention Cost Share 4701702 466 939 319,454 147,485 Total Public Safety 8,675,710 8,305,205 7,484 649 820,556 Court Related: Sheriff Extradition 50,000 50,000 40,736 9,264 Total Expenditures 9,3601710 8,990,205 8,024,092 966,113 Excess/Deficiency of Revenues Overt(Under) Expenditures 35,371,316 35,793,927 33,545,860 (2,248,067) (Continued) The notes to the financial statements are an integral part of these statements. E-12 MONROEiCOUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURESt AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -CONTINUED PIKE AND FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBE t 30, 2009 Variance with Final Budget Original Final Positive Budd_ Budget.__ Actual (Negative) Other Financing Sourcest(Uses): Reserve for Contingencies (9,249,,037) (9,148,844) - 9,148,844 Transfers from tither Funds 750,000 750,000 1,974,436 1,224,436 Transfers to Other Funds (36,103,619) , (37,70%108) (37,625,147) 74,961 Total Other Financing Sources/(Uses) (44,602,656) (46,098,952) (35,650 711) 10,448,241 Net Change in Fund Balances (9,231340) (10,305,025) (2,104,851) 8,200,174 Pend Balances, October 1 9,231,340 10,305,02,5 19,026,017 8,720,992 Fund Balances, September 30 $ - $ - $ 16,921,166 $ 16,921,166 The notes to the financial statements are an integral part of these statements. E-1 3 ........ ... MONROE COUNTY, FLORIDA STATEMENT 4F REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GOVERNMENTAL GRANTS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBE t,30, 2009' Variance with Final Budget Original Find Positive Budget Budget Actual (Negative) Revenues: Intergovernmental $ - $29,615,021 $ 11,158,684 $ (18,456,337) Charges for Services - 179,402 152,044 (27,358) Investment Income 1,000 1,000 51,930 50,930 Miscellaneous - 140,891 28,146 (112 77445) Total Revenues 1,000 29,936,314 11,390 804 (18,545,510) Expenditures; Current: General Government: Mthn Garage Door Retrofit - 23,880 19,348 4,532 Public Safety: Emergency Management:Base Grant - 131,055 130,959 96 Radiological Emerg Preparedness - 142,606 116,968 25,638 EMS Award Grant - 120,785 23,740 97,045 EMS Matching Grant - 110,000 - 110,000 Emergency Mgmt Performance Grant - 4,455 4455 - MCDC Overhead Door Retrofit 18,982 15,052 3,930 Homeland Security Grant - 17,500 - 17,500 Homeland Security Grant - 10,242 35,978 144,24 ODP UASI 06 Grant - 15,231 12,725 2,506 ODP UASI 07 Grant - 210,448 14,999 195,449 FEMA-Hurricane Dennis - 1,084,666 842 1,083,824 FEMA-Hurricane Katrina - 887,004 26 886,978 FEMA-Hurricane Rita - 703,704 51 703,653 FEMA-Hurricane Wilma - 12,506,346 2,424 12,503,922 FEMA-Tropical Storm Fay - 47,050 32322 14,72 FEMA-Hurricane Ike - 40,000 21,580 18,420 Total Public Safety - 16,220,074 412,121 15807,953 Physical Environment: FDOT Storm water Improve Project - 2,000,000 - 2,000,000 Exotic Plant Control Svc - 348,623 169,127 179,496 Glean Vessel Act LE 655 - 57,000 37,108 19,892 Total Physical Environment - 2,405 623 206,235 2,199,388 (Continued) The notes to the financial statements are an integral part of these statements. E-14 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GOVERNMENTAL GRANTS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Transportation: Geiger Creek Bridge Repair - 768,500 768,500 Palm Drive Bay Point Bridge Repair - 299,620 - 299,620 Sunset Point Park Boat Ramp - 185,240 33,167 152,073 Safety Improvement Heritage Trail - 23,303 - 23,303 Transp Planning Prog 07-09 - 770,473 139,604 630,869 Bicycle/Pedestrian Plan 2 - 164,138 - 164,138 Overseas Heritage Trail - 342,040 - 342,040 Pigeon Key Ferry Service - 522,137 283,392 238,745 Roads Disaster Relief Program - 233,972 - 233,972 Total Transportation - 3,309,423 456,163 2,853,260 Economic Environment: FEMA Severe Repetitive Loss - 149,479 125,338 24,141 Affordable Housing Coordinator - 45,081 - 45,081 Total Economic Environment - 194,560 125,35-8 69,222 Human Services: Residential Substance Abuse Treatment - 66,667 66,667 - Title 111-13 2008 - 50,983 25,184 25,799 Title 111-13 2009 - 109,569 81,060 28,509 Title 111-Cl 2008 - 43,068 43,031 37 Title 111-Cl 2009 - 147,466 128,577 18,889 Title 111-C2 2008 - 65,298 65,250 48 Title 111-C2 2009 - 215,374 140,342 75,032 Title III-E 2008 - 13,354 8,753 4,601 Title III-E 2009 - 54,560 36,659 17,901 Alzheimers Disease Initiative 08/09 - 59,315 58,931 384 Alzheimer's Disease Initiative 09/10 - 56,746 14,665 42,081 Community Care for Disabled Adults 07/08 - 38,263 21,260 17,003 Community Care for Disabled Adults 09/10 - 90,814 57,994 32,820 Community Care for the Elderly 08109 - 520,189 512,502 7,687 Community Care for the Elderly 09110 - 516,825 170,724 346,101 Home Care for the Elderly 08/09 - 12,119 12,119 - Home Care for the Elderly 09/10 - 10,722 5,213 5,509 MC Education Foundation - 50,000 44,995 5,005 Low Income Horne Energy Program 08/09 - 15,052 15,052 - Low Income Horne Energy Program 09/10 - 370,287 259,005 111,282 ARRA 929 C2 OAA 09/10 - 3,000 2,568 432 Total Human Services - 2,509,671 1,770,551 739,120 The notes to the financial statements are an integral part of these statements. (Continued) E-1 5 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GOVERNMENTAL, GRANTS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Culture and Recreation: State Aid to Libraries - 134,421 58,619 75,802 Court Related: Juvenile Drug Court - 41,447 17,656 23,791 Total Expenditures - 24,839,099 3,066,031 21,773,068 Excess/Deficiency of Revenues Over/(Under) Expenditures 1,000 5,097,215 8,324,773 3,227,558 Other Financing Sources/(Uses): Reserve for Contingencies (1,000) - - - Transfers from Other Funds - 2,641,442 396,076 (2,245,366) Transfers to Other Funds - (7,738,657) 6,000,553 1,738,104 Total Other Financing Sources/(Uses) (1,000) (5,097,215) (5,604,477) (507,262) Net Change in Fund Balances - - 2,720,296 2,720,296 Fund Balances, October 1 - - (826,364) (826,364) Fund Balances, September 30 $ - $ - $ 1,893,932 $ 1,893,932 The notes to the financial statements are an integral part of these statements. E-16 MONROE COUNTY, FLORIDA► STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S HIDTA GRANT SPECIAL- REVENUE FUND FOR THE YEAR ENDED SEPTEIBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 22,300,000 $ 21,975,000 $ 21,003,797 $ 971,203 EXPENDITURES: Current: Public Safety 22,275,000 21,975,000 21,003,797 971,203 Debt Service 25,000 - - - Total Expenditures 22,300,000 21,975,000 21,003,797 971,203 Net Change in Fund Balances - - - - Fund Balances, October 1 - - - - Fund Balances, September 30 $ - $ - $ - $ The notes to the financial statements are an integral part of these statements. E-17 MONROE COUNTY, FLORIDA STATEMENT OF NET ASSETS PROPRIETARY FUNDS SEPTEMBER 30, 2009 Business-type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport ASSETS Current Assets: Cash and Cash Equivalents $ 188,510 $ 4,632,205 $ 145,629 Investments 5,506,241 2,345,493 790,577 Restricted Cash and Cash Equivalents - - 2,278,118 Restricted Investments - - 1,956,281 Accounts Receivable, Net 352,825 - 578,235 Due from Other Funds 13,816 - 18,122 Due from Other Governmental Units 8,634 334 6,463,678 Interest Receivable 49,719 29,32 8,926 Total Current Assets 6,119,745 7,007,384 12,239,566 Noncurrent Assets. Restricted Cash and Cash Equivalents 14,063 - 3,877,966 Restricted Investments 1,870,598 - 7,352,905 Restricted Interest Receivable 5,793 - 32,876 Deferred Charges, Net 6,986 - 310,713 Land and Other Nondepreciable Assets 3,629,620 50,000 42,318,601 Capital Assets, Net of Accum. Depreciation 288,569 9,526,123 19,312,271 Total Noncurrent Assets 5,815,629 9,576,123 73,205,332 Total Assets 11,935,374 16,583,507 85,444,898 LIABILITIES Current Liabilities: Accounts Payable 618,713 1,421 82,033 Retainacge Payable - - - Accrued Wages and Benefits Payable 72,368 34,666 68,946 Claims and Judgements Payable - - - Due to Other Funds - 1,188 141,842 Due to Other Governmental Units 480 - 467,167 Accrued Interest Payable 26,497 - - Accrued Comp. Absences Payable 14,471 11,144 - Capital Leases Payable 50,000 - - Deposits in Escrow 134,788 - 8,000 Deferred Revenue - - 66,689 The notes to the financial statements are an integral part of these statements. E-18 _ Governmental Major Funds Activities Internal Marathon Service Airport Total Funds $ 224,085 $ 5,190,429 $ 7,067,957 2,079,502 10,721,813 21,324,894 - 2,278,118 - - 1,956,281 - 34,145 965,205 51,872 5,299 37,237 166,359 111,622 6,584,268 123,500 18,319 106,316 208,219 2,472,972� 27,839,667 28,92,801 - 3,892,029 - 9,223,503 - - 38,669 - - 317,699 - 1,589,014 47,587,235 54,000 11,102,982 40,229,945 1,148,275 12,691,996 101,289,080 1,202,275 15,164,968 129,128,747 30,145,076 290,557 992,724 432,624 7,515 7,515 - 14,653 190,633 68,739 - - 6,256,204 111,326 254,356 124 2,746 470,393 22,102 - 26,497 - 25,615 17,667 - 50,000 - 7,267 150,055 - - 66,689 - (Continued) E-19 MONROE COUNTY, FLORIDA STATEMENT OF NET ASSETS - CONTINUED PROPRIETARY FUNDS SEPTEMBER 30, 2009 Business-type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport Current Liabilities Payable from Restricted Assets: Accounts Payable - 5,032,040 Retainage Payable - 1,658,536 Accrued Interest Payable - - 7,780 Notes Payable, Current 479,791 - - Revenue Bonds Payable, Current - - 475,000 Total Current Liabilities 1,397,108 48,419 8,008,033 Noncurrent Liabilities: Payable from restricted assets-Landfill closure/post closure costs 408,441 - - Accrued Comp. Absences Payable 175,473 92,218 159,014 Claims &Judgements Payable 129,632 - 296,644 Capital Leases Payable 667,270 - - Notes Payable 1,032,365 - - Revenue Bonds Payable - - 16,735,000 OPEB Liability 169,965 99,821 155,127 Total Noncurrent Liabilities 2,583,146 192,039 17,345,785 Total Liabilities 3,980,254 240,458 25,353,818 NET ASSETS Invested in Capital Assets, Net of Related Debt 1,688,763 9,576,123 48,655,271 Restricted for: Debt Service - - 5,793,886 Landfill 1,482,013 - - Unrestricted 4,784,344 6,766,926 5,641,923 Total Net Assets $ 7,955,120 $ 16,343,049 $ 60,091,080 Adjustment to reflect the consolidation of internal service activities related to enterprise funds The notes to the financial statements are an integral part of these statements. E-20 Governmental Major Funds � Activities '- Internal Marathon Service Airport Total Funds - 5,032,040 - - 1,658,536 - - 7,780 - - 479,791 - - 475,000 - 434,064 9,887,624 6,797,460 - 408,441 - 38,686 465,391 118,920 - 426,276 - - 667,270 - - 1,032,365 - - 16,735,000 - 44,515 469,428 167,267 83,201 20,204,171 286,187 517,265 30,091,795 7,083,647 12,691,996 72,612,153 1,202,275 - 5,793,886 - - 1,482,013 - 1,955,707 19,148,900 21,859,154 =a 14,647,703 99,036,952 23,061,429 (1,094,378) 97,942,574 E-21 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Business-type Activities Enterprise Funds Major funds Municipal Card Key Svc District Sound West Waste Bridge Airport Operating Revenues: Franchise Fees $ 275,503 $ - $ Charges for Services 13,398,94 1,129,924 3,675,532 Fines and Forfeitures - - 2,175 Miscellaneous 3,493 718 12,734 Total Operating Revenues 13,677,900 1,130,642 3,690,441 Operating Expenses: Personnel Services 1,411,226 819,310 1,550,711 Operations 13,828,020 134,526 7,185,829 Depreciation and Amortization 55,892 415,762 1,052,072 Asserted and Paid Claims - - - Total Operating Expenses 151295,138 1,369,598 9,788,612 Operating Income/(Loss) (1,617,238) (238,956) (6,098,171) Nonoperating Revenues/(Expenses): Operating Grants 277,316 - 7,195,495 Grant and Donations - Other Sources 50,000 - - Other Income - PFC - - 819,064 Investment Income 228,765 242,067 254,490 Insurance Recoveries - - - Gain (Loss) on Disposition of Assets 5,052 (965) 5,313 Interest Expenses and Fiscal Charges _l�73969) - 257 Total Non-Operating Revenues/(Expenses) 487,164 241,102 8,017,132 Income/(Loss) Before Contributions and Transfers (1,130,074) 2,146 1,918,961 Transfers from Other Funds - - 2,500,000 Transfers to Other Funds (211,582) (138,987) (6,016) Capital Grants and Contributions - - 6,565,311 Change in Net Assets (1,341,656) (136,841) 10,978,256 Total Net Assets-October 1 9,296,776 16,479,890 49,112,824 Total Not Assets-September 30 $ 7,955,120 $ 16,343,049 $ 60,091,080 Adjustment to reflect the consolidation of internal service activities related to enterprise funds. Change in Net Assets of Business-type Activities The notes to the financial statements are an integral part of these statements. E-22 Governmental Major Funds - Activities Internal Marathon Service Airport Tatar Funds $ - $ 275,503 $ - 727,675 18,932,035 19,899,851 - 2,175 - 3,050 19,995 99,170 730,725 191229,708 19,9991021 357,972 4,139,219 1,583,311 905,927 22,054,302 3,948,037 549,866 2,073,592 77,672 - - 17,529,978 1,813,765 28,267,113 231,138,998 1,083,040 (9,037,405) (3,139,977) 184,838 7,657,649 - - 50,000 - - 819,064 - 45,032 770,354 830,504 - - 2,179,910 (15,061) (5,661) (6,439) (331,199) - 214,809 8,960,207 3,003,975 (868,231) (77,198) (136,002) 12,090 2,512,090 - (94,440) (451,025) (667,482) 2,092,873 8,658,184 1,142,292 10,642,051 (803,484) 13,505,411 23,864,913 14,647,703 $ 23,061,429 (72,747 $ 102569,304 E-23 MON'ROE COUNTY, FLORIDA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Business-type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport Operating Activities: Cash received for services $ 13,688,350 $ 1,129,590 $ 3,384,948 Cash rec'vd from other funds for goods and secs 6,216 - - Cash received from insurance recoveries - - - Cash received from others-PFC - - 819,064 Cash payments to suppliers for goods and secs (13,744,263) (167,126) (6,703,980) Cash payments for employee services (950,587) (550,754) (1,084,120) Cash payments to other funds (512,898) (206,526) (214,226) Cash payments for claims - - - Other operating revenue 3,493 718 12,734 Net Cash Provided by/(Used in) Operating Activities 51,509,689) 205,902 (3,785,580) Noncapital Financing Activities: Operating grants received 277,316 - 6,573,772 Transfers from other funds - - - Transfers to other funds (211,582) (138,708) �6,016) Net Cash Provided/(Used) by Noncapital - Financing Activities 65,734 (138,708) 6,567,756 Capital and Related Financing Activities: Proceeds from capital grants - - 6,087,978 Acquisition of capital assets (1,397) (25,937) (8,545,197) Principal paid on capital debt (463,278) - (7,890,000) Interest and fiscal charges paid on capital debt (82,226) - (306,511) Transfers from other funds restricted for capital purposes - - 2,500,000 Net Cash Provided/(Used) by Capital and Related Financing Activities 546,901) (25,937) (8,153,730) Investing Activities: Investment income 192,372 433,710 264,098 Proceeds from sales and maturities of investments 11,322,831 1,848,814 17,920,978 Purchase of investment securities (9,386,141) 2,211,927 (12,8461999) Net Cash Provided/(Used) in Investing Activities 2,129,062 70,597 5,338,077 Net Increasel(Decrease) in Cash and Cash Equivalents 138,206 111,854 (33,477) Cash and Cash Equivalents: October 1 64,367 4,520,351 6,335,190 September 30 $ 202,573 $ 4,632,205 $ 6,301,713 The notes to the financial statements are an integral part of these statements. E-24 Governmental Major Funds Activities Internal Marathon Service Airport Total Funds $ 724,775 18,927,63 $ 5,010,490 - 6,216 14,793,917 - 2,179,360 819,064 - (862,593) (21,477,962) (4,124,664) (260,903) (2,846,364) (1,115,900) (123,688) (1,057,338) (302,259) - - (17,804,309) 3,050 19,995 71,803 (519,359) (5,608,726) (1,291,56 263,205 7,114,293 - 12,090 12,090 - 16,886 _ 339420 (667,482 292,181 6,786,963 667,482 1,277,849 7,365,827 - (493,282) (9,065,813) (53,593) (8,353,278) - (388,737) - - 2,500,000 - 784,567 (7,942,001) (53,593) 29,710 919,890 1,027,004 1,291,325 32,383,948 16,221,724 (1,843 440) � (26,288,507) (19,911,846) (522,405) � 7,015,331 2,663,118 34,984 251,567 (4,675,755) 189,101 _ 11,109,009 11,743,712 $ 224,085 $ 11,360,576 $ 7,067,957 (Continued) E-25 MONROE COUNTY, FLORIDA STATEMENT OF CASH FLOWS-CONTINUED PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEM13ER 30, 2009 Business type Activities Enterprise Funds Major Funds Municipal Card Key Svc District Sound West Waste Bridge Airport Reconciliation of operating incomel(loss) to not cash provided by/(used In) operating activities: Operating incomeol(loss) $ (1,617,238) $ (238,95§) $ (6,098,171) Adjustments to reconcile operating income/(loss) to net cash provided by/(used in) operating activities: Depreciation and Amortization 55,892 415,762 1,052,072 Nonoperating Income-PFC - - 819,064 Nonoperating Income-Insurance Recoveries - - - Change in Assets and Liabilities: Increasel(Decrease) in Accounts receivable 22,143 - (292,759) Increase/(Decrease) in Due from other funds 6,216 - (2,949) Increase/(Decrease) in Due from other gov't units 22,550 (334) - Increase/(Decrease)in Accounts payable (6,623) - 208,211 Increase/(Decrease) in Accrued wages/benefits 15,264 (685) (5,265) Increase/(Decrease) in Claimstjtjdgments payable - - - Increaset(Decrease) in Due to other funds 51,310 Increase/(Decrease) in Due to other gov't units (43,586) - 455,684 Increase/(Decrease) in Comp, absences payable 14,470 4,294 (12,904) Increase/(Decrease) in Other current liabilities - - Increase/(Decrease) in Deposits in escrow (30,750) Increase/(Decrease) in Landfill Closure Costs 8,008 - - Increase/(Decrease) in OPEB liability 43,965 25,821 40,127 Total adjustments 107,549 444,858 2,312,591 Net Cash Provided by/(Used in) Operating Activities $ (1,509,689) $ 205,902 $ (3,785 Noncash investing,capital,and financing activities: Contribution of capital assets from gov't $ - $ $ Gain (Loss) on disposition of assets $ $ $ ,313 Forgiveness of capital lease amount 1 50,000 $ 7� Cash Reconciliation: Unrestricted $ 188,510 $ 4,632,205 $ 145,629 Restricted 14,063 - 6,156,084 Total $ 202,573 $ 4,632,205 $ 6,301,713 The notes to the financial statements are an integral part of these statements. E-26 ...........1111111.1-1111-1.1............................-.111.11...................... ..................I.......... ................11--1.1 Governmental Major Funds Activities Internal Marathon Service Airport Total Funds $ (1,083,,040) _$ (9,037,405) „$ (3,139,977) 549,866 2,073,592 77,672 - 819,064 - - - 2,179,910 2,399 (268,217) (27,917) (5,299) (2,032) (100,570) - 22,216 5,126 14,688 216,276 (56,625) 39 9,353 8,580 - - (274,331) 51,310 (1,104) (1,149) 410,949 (7,682) (8,724) (2,864) 5,073 - - (2,984) 346 (30,404) - 8,008 - 11,515 _ 1211428 43,267 563,681 3,428,679 1,848,415 $ (519,359) $+ (5,608,726) $ 1,291,562) $ 961,250 $ 961,250 $ - 1 a, f 661 $ $ 224,085 $ 5,190,429 $ 7,067,957 - 6,170,147 - $ 224,085 $ 11,360,576 $ 7,067,957 E-27 MONROE COUNTY, FLORIDA STATEMENT OF FIDUCIARY NET ASSETS FIDUCIARY FUNDS SEPTEMBER 30, 2009 Fire and EMS Pension Agency Trust Fund Funds ASSETS Cash and Cash Equivalents $ 113,972 $ 6,639,965 Investments 719,425 - Accounts Receivable 6,423 7,755 Total Assets 839,820 $ 6,647,720 LIABILITIES Due to Others - $ 2,949,414 Due to Other Governmental Units 3,698,306 Total Liabilities $ 6,647,720 NET ASSETS Held in Trust for Pension Benefits and Other Purposes 839,820 The notes to the financial statements are an integral part of these statements, E-28 ..........."I.,.............................................. ............... ............................................ MONROE COUNTY, FLORIDA STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS FIDUCIARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Fire and EMS Pension Trust Fund Additions: Employer Contributions $ 30,791 Investment Income 19,034 Total Additions 49,825 Deductions: Administration (4,350) Pension Benefits (14,400) Change in Net Assets 31,075 Total Net Assets-October 1 808,745 Total Net Assets-September 30 $ 839,820 The notes to the financial statements are an integral part of these statements, E-29 ................. ................................................ ............1.11.1.1.1.1-1.1.1.1.1.1.1.1............... ................... ................. ............... NOTES TO FINANCIAL STATEMENTS ................................ ........... ................. ..................................-.................. MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following summary of the more significant accounting policies of Monroe County, Florida (County) is presented to assist the reader in interpreting these financial statements and should be viewed as an integral part of this report. Reporting Entity Entity status for financial reporting purposes is governed by Statement No. 14 of the Governmental Accounting Standards Board (GASB) and Rules of the Auditor General, State of Florida. The GASB is the standard-setting body for the establishment of accounting principles generally accepted in the United States of America (GAAP) for governmental entities. Determination of the financial reporting entity of the County is founded upon the objective of accountability. Therefore, these financial statements include the County government (the primary government) and legally separate component units for which operational or financial responsibility rests with the elected officials of the County or for which the nature and significance of their relationship to the County are such that exclusion would cause the financial statements to be misleading or incomplete. Operational or financial responsibility is considered to have been met if the primary government appoints a voting majority of the component unit's govemng board and it is able to impose its will on the unit or there is potential for the unit to provide specific financial benefits or impose specific financial burdens on the primary government. All component units of the County have a September 30 fiscal year end. The County is a Non-Charter County established as provided by Article Vlll Section 1 of the Florida Constitution and Section 125 of the Florida Statutes. The Board of County Commissioners, composed of five members, is the legislative body for the County and as such budgets and provides funding used by the separate Constitutional Offices with the exception of fees collected by the Clerk of Circuit Court and the Tax Collector. The County Administrator also serves as the principal executive officer. In addition, certain designated governmental functions are performed by constitutional officers who are elected at-large, The constitutional officers are the Clerk of the Circuit Courts, Property Appraiser, Sheriff, Supervisor of Elections, and Tax Collector. Although these five officers are operationally autonomous, they do not hold sufficient corporate powers of their own to be considered legally separate component units for financial reporting purposes. Therefore, they are reported together with the Board as part of the primary government. Under the direction of the Clerk of Circuit Court, the Monroe County Finance Department maintains the accounting system for the Board's operations, but excludes those of the Property Appraiser, Sheriff, Tax Collector, Clerk of the Circuit Court and Supervisor of Elections, each of which maintains its own accounting system. Services provided by the County and accounted for within these financial statements include police services for unincorporated areas; health and social services, emergency medical services, cultural and recreational programs; solid waste services and other governmental services. Blended component units are legally separate entities that are in substance part of the County's operation, as they either have governing bodies that are substantively the same as the County or they provide their services exclusively or almost exclusively to the County. The financial transactions of the component units are merged in with similar transactions of the County as part of the primary govemment. The blended component units of the County are as follows: Monroe County, Florida Comprehensive Plan Land Authority MCLA - The MCLA was created by Monroe County, Florida Ordinance 031-1986 pursuant to Florida Statute 380 and is considered a legally separate entity from Monroe County. Its purpose is to operate a land acquisition program, to implement the Monroe County Comprehensive Plan and address issues created by it, The F-1 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Monroe County Board of County Commissioners serves as the governing board and is able to impose its will. Therefore, the MCLA, for financial reporting purposes, is considered a blended component unit of Monroe County, Florida and is presented as a special revenue fund of the County. Complete financial statements for MCLA can be obtained from MCLA's administrative office at 1200 Truman Avenue, Ste. 277, Key West, Florida 33040, Monroe County Industrial Develgipment Authority MCIDA -The MCIDA was created by Monroe County, Florida Resolution pursuant to Florida Statute 159. The MCIDA serves to assist in financing and refinancing capital projects, which will foster economic development in the County. The Monroe County Board of County Commissioners serves as the governing board 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 adapt a budget; however, the County must authorize the issuance of bonded debt. Neither the MCIDA nor the County has any legal obligation for repayment of the revenue bonds of the MCIDA. As an issuer o "conduit" debt obligations, the MCIDA has no assets or liabilities. Discretely-presented component units are legally separate entities, which do not meet the criteria for blending. The Monroe County Housing Finance Authority (Authority) qualified in previous years as a discretely presented component unit of the Board, but was immaterial to the Board and had been excluded from the statements. Currently the Authority has been abolished. It was created in 1979, abolished in 1993, re-established in 1995 and again abolished in 2007. Basis of Presentation: Government-wide Financial Statements: The statement of net assets and the statement of activities report information about the nonfiduciary activities of the primary government and it's discretely presented component unit. Fiduciary funds of the government are eliminated from this presentation since these resources are not available for general government funding purposes. These statements provide a consolidated financial picture of the government distinguishing between governmental activities and business type activities. Governmental activities are primarily financed through taxes and intergovernmental revenues, while business-type activities are primarily financed through charges for services to external parties. As part of the consolidation process, to avoid distorting financial results, in#erfund activities such as municipal and unincorporated service district's policing, 911, and interagency communications are reported as a revenue in the fund that captures the revenue and as an expenditure in the'fund which disburses the funds for the service. The offsetting expenditures and revenues are re-classed to inter-fund transfers. However, interFund security services provided by the Sheriff and used by the airports, are not eliminated. The amounts reported as internal balances represent the residual amounts due between governmental and business-type activities. The statement of activities presents a comparison between direct expenses of the program revenues for each function of the County's governmental activities, and for each of the business-type activities. Direct expenses are those that are clearly identified with a specific program or segment. Program revenues include (a) fees, fines and charges for services, and (b) grants and contributions that are restricted for the operating or capital requirements of a specific program. All taxes and other revenues not meeting the criteria for classification as program revenues are reported as general revenues. Fund Financial Statements: The fund financial statements provide information about the County's funds, including its fiduciary fund and blended component unit. Separate statements for each fund category — governmental, proprietary, and fiduciary — are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. F-2 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment earnings, result from non-exchange transactions or ancillary activities. The following are reported as major governmental funds: General Fund - The General Fund is the general operating fund of the County. All general tax revenues, and other receipts that are not required either legally or by accounting principles generally accepted in the United States of America to be accounted for in other funds are accounted for in the General Fund, Fine & Forfeiture Spgcial Revenue Fund - The Fine and Forfeiture Fund is used to account for revenues, received from fines and forfeitures imposed from the commission of statutory offenses, ad valorem taxes that are transferred to the Sheriff and to account for operations of the County's court support system. Governmental Grants Special Revenue Fund - The Governmental Grant Fund is used to account for operating revenues and expenditures for all governmental activity of federal and state grants. Sheriff's HIDTA Grants Special Revenue Fund - The Sheriff's HIDTA Grants Fund is used to account for all revenues and expenditures for the ONDCP grants. One Cent Infrastructure Surtax Capital Project Fund- The One Cent Infrastructure Surtax Fund is used to account for capital improvements funded by the One Cent Infrastructure Surtax. Infrastructure Sales Surtax Revenue Bonds, Series 2003 Ca pital Project Fund — The Infrastructure Sales Surtax Revenue Bonds, Series 2003 Capital Project Fund is used to account for the proceeds of this bond issue. Infrastructure gales Surtax Revenue Bonds, Series 2007 Capital Project Fund — The Infrastructure Sales Surtax Revenue Bonds, Series 2007 Capital Project Fund is used to account for the proceeds of this bond issue. Big Cogpitt Wastewater Capital Project Fund — The Big Coppitt Wastewater Capital Project Fund is used to account for the construction of the Big Coppitt wastewater project, The following are reported as major enterprise funds: Municipal Service District-Waste - The Municipal Service District-Waste Fund is used to account for the operations of solid waste collection, disposal and recycling activities, as well as the closure and post closure of the landfills. Card Sound Bridge - The Card Sound Bridge Fund is used to account for the operations of Monroe County's Card Sound Toll Bridge. F-3 ..................................... .......................................................................................................................- MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Key West Airport - The Key West Airport Fund is used to account for the operations of Monroe County's Key West international Airport. Marathon Airport — The Marathon Airport Fund is used to account for the operations of Monroe County's Marathon Airport. The County also reports the following fund types: Internal Service Funds - Internal service funds are used to account for the financing of worker's compensation insurance, health insurance, general liability insurance and fleet maintenance services provided by one department to other departments of the County or to other governmental units on a cost reimbursement basis. Pension Trust Fund -The pension trust fund is used to account for assets held by the County in a trustee capacity for a volunteer firefighters and emergency services length of service award plan. Agency Funds — These funds account for assets held on behalf of third parties and do not involve the measurement of operating results. Examples include taxes, fees, and fines collected on behalf of other governments. Measurement Focus and Basis of Accounting: Government-wide, Proprietary, and Fiduciary Fund Financial Statements - The government-wide, proprietary fund, and pension trust fund financial statements use a flow of economic resources measurement focus and the accrual basis of accounting. As previously stated, eliminations have been made to minimize the double counting of internal activities. Revenues and expenses that involve parties external to the primary government and interfund services provided and used are not eliminated in the process of consolidation. The agency funds have no measurement focus. Revenues are recognized when earned and expenses are recognized when incurred, regardless of when the related cash flows take place. Non-exchange transactions, in which the County gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, grants, entitlements, and donations. On an accrual basis, revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the County's enterprise funds are charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses, F-4 ............ .......... ........................... MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE I -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) GASB, Statement No. 20 Election - Pursuant to the election option made available by GASB Statement No. 20, pronouncements of the Financial Accounting Standards Board (FASB) issued after November 30,1989 are not applied in the preparation of the County's enterprise fund financial statements. Governmental Fund Financial Statements - Governmental fund financial statements are a current financial resources measurement focus, and are maintained on the modified accrual basis of accounting. Revenues are recognized when they become susceptible to accrual; that is, when they become both "measurable" and "available to finance expenditures of the current period." The County considers amounts collected within 60 days after year-end to be available and thus recognizes them as revenues of the current year, except for property taxes since such taxes are collected to finance expenditures of the subsequent period. Expenditures are recognized in the accounting period in which the related fund liability is incurred, if measurable. Principal and interest on general long-term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service funds for payments to be made early in the following year. In addition, expenditures related to compensated absences are recorded only when leave has been taken. Revenues of the County, which are susceptible to accrual under the modified accrual basis of accounting, include property taxes, gas taxes, interest revenue, and charges for services. In applying the susceptibility-to-accrual concept to intergovernmental revenues, the legal and contractual requirements of the numerous individual programs are used as guidance. There are, however, essentially two types of these revenues. In one, monies must be expended for the specific purpose or project before any amounts will be paid to the County; therefore, revenues are recognized based upon the expenditures recorded. In the other, monies are virtually unrestricted as to purpose of expenditure and substantially irrevocable; i.e., revocable only for failure to comply with prescribed compliance requirements, such as with equal employment opportunity. These resources are reflected as revenues at the time of receipt or earlier if they meet the availability criterion. Under the terms of the grant agreements, the County funds certain programs by a combination of specific cost-reimbursement grants, categorical block grants, and general revenues. Thus when program expenses are incurred, there are both restricted and unrestricted net assets available to finance the program. It is the County's policy to first apply cost-reimbursement grant resources to such programs, followed by categorical block grants, and then by general revenues. Bud-gets and Bud eta Data - The following are the statutory procedures followed by the Board of County Commissioners in establishing the budget for Monroe County. 1) On or before June 1 of each year the Sheriff, the Clerk of the Circuit Court, the Tax Collector, and the Supervisor of Elections shall each submit to the Board a tentative budget for their respective offices for the ensuing fiscal year, 2) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the County Budget Officer submits to the Board a proposed budget for the fiscal year commencing the following October 1. The budget includes proposed expenditures and the means of financing them. 3) By Board resolution, a tentative budget is submitted to the public. Public hearings are held to obtain taxpayer comments, 4) Fifteen days after adoption of the tentative budget, a final budget is submitted for review and adoption at a final public hearing. F-5 ................................................. ................................--.......................................... MONR©E COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 5) Prior to, or on September 30, the Board's budget is legally enacted through passage of a resolution. Accordingly all fund types have an adopted budget as required by Florida Statute 129.03. All funds have legally adapted budgets, except for the Supervisor of Election's Voter Education and Equipment Special revenue Fund. 6) During the year, the Office of Management and Budget acts on intradepartmental budget changes that do not alter the total revenue or expenditures budgeted to a cost center. A cost center represents a particular area of Board operations or a department. All other budget changes (whether they are transfers between cost centers or alterations of total revenues and expenditures in a fund) are approved by the Board. Supplemental appropriations were necessary and the budgetary data presented herein was amended by the Board during the year. 7) Florida Statute 129, Section 7, as amended in 1978, provides that only expenditures in excess of total fund budgets are unlawful. However, ;because the Board acts on all budget changes between cost centers, this becomes the level of control. 8) Budgeted to actual expenditure reports are employed as a management control device during the year for all fund types. 9) Budgets for all funds are adopted on a basis consistent with accounting principles generally accepted in the United States of America (GAAP) for that fund type, except that mortgage assistance cash outlays and receipts are budgeted as operating activities and compensation accruals are not budgeted in the Monroe County Comprehensive Plan Land Authority Special Revenue Fund. For the fiscal year 2009, the following adjustments were necessary to present the actual data on a budgetary basis for MCLA: GAAP basis $ 220,794 Compensation accrual 672 Non-GAAP budgetary basis 10)All appropriations lapse at year end, Encumbrances - Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of moneys are recorded as a reservation of budget, is employed as an extension of the statutorily required budgetary process. Under Florida Statutes, appropriations, even if encumbered, lapse at fiscal year end. Encumbrances outstanding at September 30, 2009, represented by purchase orders and other executory contracts, were $9,246,914. It is the County's intention to substantially honor these encumbrances under authority provided in the subsequent year's budget. Use of Estimates - The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America, as applicable to governmental units, requires management to make use of estimates that affect the reported amounts in the financial statements. Actual results could differ from estimates. Cash and Cash Equivalents — Cash balances from the majority of funds are pooled for investment purposes. Earnings from such investments are allocated to the respective funds based on applicable cash participation by each fund. The investment pools are managed such that all participating funds have the ability to deposit and withdraw cash as if they were demand deposit accounts, and therefore all balances representing participants' equity in the investment pools are classified as cash equivalents for purposes of these statements. For investments, which are held separately from the.pools, those, F-6 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE I -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) which are highly liquid (including restricted assets) with an original or remaining maturity of 90 days or less, are considered to be cash equivalents. Investments - Florida Statute 218.415 authorizes local governments to invest its funds pursuant to a written investment plan, which allows investment of surplus funds in the following: 1) The Florida Local Government Surplus Funds Trust Fund Investment Pool (SBA). 2) United States Government Securities — Negotiable direct obligations or obligation, the principal and interest of which are unconditionally guaranteed by the United States Government. 3) United States Government Agencies — Bonds, debentures, notes, callables and fixed rate mortgage-backed securities issued or guaranteed by United States Government Agencies, provided such obligations are backed by the full faith and credit of the United States. 4) Federal Instrumentalities (United States Government-sponsored agencies) — senior obligations, which include bonds, debentures, notes, callables and fixed rate mortgage- backed securities issued or guaranteed by United States government-sponsored agencies (Federal Instrumentalities). These are limited to the following: ■ Federal Farm Credit Bank (FFCB) ■ Federal Home Loan Bank or its County banks (FHLB) • Federal National Mortgage Association (FNMA) • Federal Home Loan Mortgage Corporations (Freddie-Macs) including Federal Home Loan Mortgage Corporation participation certificates. 5) Interest-bearing Time Deposit or Savings Account — Non-negotiable interest-bearing time certificates of deposit or savings accounts in financial institutions organized under the laws of this State and/or in national financial institutions organized under the laws of the United States and doing business and situated in the State of Florida, provided that any such deposits are secured by the Florida Security for Public Deposits Act, Chapter 280, Florida Statutes. Additionally, the financial institution shall not be listed with any recognized credit watch information service. 6) Registered Investment Companies (Money Market Mutual Funds) — Shares in open-end and no-load Money Market Mutual Funds provided such funds are registered under the Federal Investment Company Act of 1940 and operate in accordance with 17 C.F.R. 270.2a-7, which stipulates that money market funds must have an average weighted maturity of 90 days or less. In addition, the share value of the money market funds must equal to $1.00. 7) Intergovernmental Investment Pool — Intergovernmental Investment Pools that are authorized pursuant to the Florida Interlocal Cooperation Act, as provided in Section 163.01, Florida Statutes. All investments are stated at fair value. Accounts Receivable - Amounts due from private individuals or organizations are reported as accounts receivable. Receivables are reviewed periodically to establish or update the provisions for uncollectible amounts. These provisions are estimated based on an analysis of the age of the various accounts. Interfund Balances and Agfh& - During the course of normal operations, the County has numerous transactions between funds. Examples of these transactions include providing services, constructing assets, matching grants or servicing debt. These transactions are generally recorded as interfund F-7 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) transfers, except for internal service fund charges, which are reflected as revenues to internal service funds and expenses/expenditures to the funds receiving the services. Additionally, short-term interfund loans are recorded from time to time as cash flow needs arise. As of fiscal year-end, any unpaid amounts related to these transactions are reported as "due from other funds" or"due to other funds" on the fund financial statements. Interfund loans not expected to be repaid within one year are reported as advances. In governmental funds, advances, if any, are offset equally by a fund balance reserve, which indicates that they do not constitute expendable available financial resources and, therefore, are not available for appropriation. Inventory — Inventory in the General Fund consists of certain supplies, which are stated at cost using the moving average cost method. The inventory is determined by an annual physical count. No reserve has been established within the General Fund balance as the consumption method is used to account for this inventory. Capital Assets - Capital assets of the County include property, buildings, equipment, and infrastructure assets (e.g. roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems). Constructed or purchased assets are recorded at historical or estimated historical cost at the time of purchase. Donated assets are recorded at estimated fair market value at the date of donation. The County maintains a $1,000 threshold for additions to equipment with an estimated useful life in excess of two years. Buildings are capitalized when the value is $15,000 or greater. Public domain and infrastructure assets represent major expenditures for such items as roads, water and sewer treatment plants and lines, landfill improvements, parks and drainage systems. Additions and improvements for roads, water, sewer, landfill and drainage infrastructure are capitalized when the cost amounts to $250,000 while park additions and improvements are capitalized at$25,000. When the IVICLA acquires land by donation, the asset is recorded at the Authority's transaction cost plus the higher of the tax assessed value at the time of donation or 115% of the 1986 tax assessed value. Depreciation has been provided using the straight-line method. The estimated useful lives of the various classes of depreciable capital assets are as follows: Life—Years Buildings 10-50 Equipment 5-10 Infrastructure 10-50 Public domain infrastructure 20-50 Capacity rights 99 Capacity rights represent an intangible asset that arose from a contract with a private wastewater operator that included wastewater processing capacity for 1,500 equivalent dwelling units for a period of 99 years. Interest cost incurred for the Key West Airport Enterprise Fund during construction is capitalized, net of interest income from the proceeds of related tax-exempt debt, as part of the cost of the related assets. This capitalized interest amounted to$157,522 at fiscal year end, F-8 .................................. ............................................. ............ MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE I -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Unamortized Debt Issuance Expense — Unamortized debt issuance expense of the enterprise funds is reported as a deferred charge and is amortized by using the straight-line method over the life of the debt. Compensated Absences — County policy permits employees to accumulate a limited amount of annual and sick leave, which will be paid to employees upon termination of employment. In the government- wide and proprietary fund financial statements, an expense and a liability for compensated absences and the salary-related payments are recorded as the leave is earned. Restricted Assets - The use of certain assets of enterprise funds is restricted by specific provisions of bond resolutions and agreements with various parties. Assets so designated are identified as restricted assets on the balance sheet. When both restricted and unrestricted resources are available for use, the County's policy is to use restricted resources first, and then unrestricted resources, as they are needed. Landfill Closure Costs - Under the terms of current state and federal regulations, the County is required to place a final cover on closed landfill areas, and to perform certain monitoring and maintenance functions for a period of up to 30 years after closure. In accordance with GASB Statement No. 18, the County is recognizing these costs of closure and post closure maintenance over the active life of each landfill area, based on landfill capacity used during the period. Required obligations for these costs are recognized in the. Municipal Service District-Waste enterprise fund for public landfill operations. Deferred Revenue - Deferred revenues include amounts collected before the revenue recognition criteria are met. In the governmental fund statements, amounts associated with receivables which, under the modified accrual basis of accounting, are measurable but not yet available are reported as deferred revenues. The deferred items of the County additionally consist of contracts for providing services in the future and grant funds received in advance of expenditures. Also bond forfeitures that have not yet been recognized as revenue in accordance with Section 903.28, Florida Statutes, have been reported as deferred revenue. This Section requires the recognition of revenue over a two-year period. Amounts are reduced by any reinstatement of bond amounts by court order, Long-Term Obligations — In the proprietary fund financial statements of the County, long-term debt is reported as a liability in the proprietary fund statement of net assets. Long-term debt associated with the County's governmental activities is presented on the government-wide financial statements of the County, rather than on the fund financial statements of the County. In the County's governmental fund financial statements, the face amount of debt issued is reported as another financing source, while principal payments are reported as expenditures, Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due and payable on November 1st: of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Taxes become delinquent on April 1st of each year, and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June 1 st of each year, No accrual for the property tax levy becoming due in November of 2009 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. F-9 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Fund Balances In the governmental fund financial statements, reservations or restrictions of fund balance represent amounts that are not appropriable or are legally segregated for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. The governmental fund types classify fund balances as follows: Reserved Reserved for Encumbrances - portion of fund balance available to pay or any commitments related to purchase orders and contracts that remain unperformed at year-end. Reserved for Land Acquisition — portion of fund balance MCLA restricted for land acquisition. Reserved for Mortgage Loans — portion of fund balance offsetting mortgages receivable for MCLA because they are not available spendable resources. Reserved for Debt Service - portion of fund balance available to pay for any commitments related to outstanding debt at year-end. Unresrved Designated for Special Revenue — a portion of fund balance is designated by the County in the Tourist Development District#1 Special Revenue Fund for beach nourishment projects. Undesignated —a portion of total fund balance available for appropriation that is uncommitted at fiscal year end. Fund Deficits—There are no fund deficits to report at September 30, 2009. Excess of Expenditures Over A2propriations—There are no excess of expenditures over appropriations to report at September 30, 2009, Net Assets—Net assets in the proprietary fund financial statements are classified as invested in capital assets, net of related debt; restricted; and unrestricted. Restricted net assets represent constraints on resources that are either externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or imposed by law through state statute. There is a designation of unreserved net assets in the Risk Management Internal Service Fund in the amount of $1,500,000 for future catastrophic losses. This designation represents tentative management plans that are subject to change. NOTE 2 -CASH„ CASH EQUIVALENTS AND INVESTMENTS The County maintains a cash and investment pool that is available for use by all funds except those whose cash and investments must be segregated due to bond covenants or other legal restrictions. As of September 30, 2009 the carrying value of the County's deposits and investments, other than that of the Pension Trust Fund, with their respective credit ratings are as follows: F-10 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 2 -CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued) Credit Less than 6 6 Months to Investment Type Rating fair Value Months 1 Year 1 to 3 Years Demand and Time Deposits N/A $ 83,133,350 $ 77,454,933 $ 5,678,417 $ - US Treasury Notes TSY 18,359,199 - 4,453,640 13,905,559 Insurance Policies/Annuities Unrated 7,169,536 7,169,536 - - Federal Agency-- Disc Notes A-1+ 24,986,486 24,694,298 292,188 - Federal Agency-- Notes & Bonds AAA 111,816,916 52,368,630 40,080,371 19,367,915 Total Fair Value $245,465,487 $161,687,397 $50,504,616 $33,273,474 Credit Risk — The County's Investment Policy (Policy) limits credit risk by restricting authorized investments to the following: Florida Local Government Surplus Funds Trust Fund Investment Pool administered by Florida's State Board of Administration (a 2a7-like pool), direct obligations of the United States or its agencies and instrumentalities, money market mutual funds, and Intergovernmental Investment Pools authorized by the Florida Statutes. The Policy requires that investments in federal instrumentality debt be guaranteed by the full faith and credit of the U. S. Government sponsored agency, and that investments in money market mutual funds have a rating of AAAm or AAAm-G or better by Standard & Poor's (S&P) or other nationally recognized rating agency. All credit ratings indicated in the previous table are S&P ratings. 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 an one -, a issuer Florida Local Government Surplus Funds Trust Fund 100% n/a United States Government Securities 100% n/a United States Government Agencies 50% 10% Federal Instrumentalities 80% 30%Q, with a maximum of Maximum in callable securities 25% in callable securities Interest-bearing Time Deposit or Savings Accounts 10% 10% Money Market Mutual Funds 20% 10% Intergovernmental Investment Pool 10% n/a At September 30, 2009, the portion of the Board's investment portfolio invested in Federal instrumentalities is detailed'as follows: Percent of Issue Investment Portfolio Federal Home Loan Bank (of which 2.9% is callable) 28.38% Federal Home Loan Mortgage Corp (of which 3.06% is callable) 33.380 Federal National Mortgage Assoc (of which 12.02% is callable) 20,63% Federal Farm Credit Bank 1.89% F-11 110 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 2 -CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued) Custodial Credit Risk—The Policy requires bank deposits secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida. Demand and time deposits are fully insured by the FDIC for the first $250,000 at each institution and the remaining balances are insured 100% by the State of Florida collateral pool, a multiple institution pool with the ability to assess its members for collateral shortfalls if a member institution fails. The Policy requires execution of a third-party custodial safekeeping agreement for all purchased securities, and requires that securities be held in the County's name. As of September 30, 2009, all of the County's investments are held in a bank's trust department in the County's name. Interest Rate Risk — The Policy limits the investment of three months of operating expenditures to twelve months. The Policy limits the investment of non current operating funds to five years. Cash and Cash Equivalents — The County has the following unrestricted and restricted cash and cash equivalents at September 30, 2009: Local Government Demand Surplus Trust Fund Delgosits Total Unrestricted Cash & Cash Equivalents: Governmental Activities: Governmental Funds $ 417,782 $57,647,071 $58,064,853 Internal Service Funds - 7,067,957 7,067,957 Business-Type Activities _ 5,190.429 5,190,429 Total Unrestricted Cash & Cash Equivalents 417,782 69,905,457 70,323,239 Restricted Cash and Cash Equivalents: Business-Type Activities 1102 6,168 445 6,170,147 Total Cash and Cash Equivalents 412,4 $,76k 73. .Q2 $70,493 ;3$.0 At September 30, 2009 the fiduciary funds had pooled cash balances totaling $6,639,965 in demand deposits including the Pension Trust Fund cash of$113,972. NOTE 3— RESTRICTED ASSETS Restricted assets in the Enterprise Funds include those created by resolutions adopted by the County for the landfill escrow account, airport passenger facility charges, and the issuance of Key West Airport Revenue Bonds. Total restricted assets as of September 30, 2009 are as follows: F-12 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 3 - RESTRICTED ASSETS (Continued) Cash and Cash Interest Equivalents Investments Receivable Total Municipal District Waste Landfill Closure Escrow $ 14,063 $ 1,870,598 $ 5,793 $ 1,890,454 Key West Airport Passenger Facility Charge 990,881 3,914,810 16,470 4,922,161 Sinking Fund 2,478,157 - - 2,478,157 Renewal and Replacement 32,489 491,323 2,553 526,365 Debt Service Reserve 561 2,765,374 - 2,765,935 Construction Fund 2,278,118 1,956,21 13,555 4,247,954 Operating Reserve 79,234 181,398 298 260,930 Arbitrage Rebate 296,644 - 296,644 $6,170,147 $11,179,7$4 $ 381669 $17,388,600 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 $ 66,533 $ 1,413 $ 65,120 Fine & Forfeiture Fund Air Amb Svc 3,019,461 1,912,332 1,107,129 Governmental Grants Fund Misc 1,619 185 1,434 HIDTA Grants Fund Misc 5,064 - 5,064 Nonmajor Funds: Fire&Amb Dist 1 Fund Amb Svc 1,429,938 1,007,385 422,553 Other Nonmajor Funds Misc 67,600 1,269 66,331 Internal Service Funds Misc 53,849 1,977 51,872 Total Governmental Activities 4,644,064 2,924,561 1,719,503 Business-Type Activities: MSD-Waste Fund: Tipping Fees 39,502 4,109 35,393 Waste Assessments 575,028 544,959 30,069 Solid Waste Franchise 287,363 - 287,363 Key West Airport Rent, PFC, Misc 637,400 59,165 578,235 Marathon Airport Mist 34,145 - 34,145 Total Business-Type Activities 1,573,438 608,233 965,205 Total Accounts Receivable $6,217,502 $3,532,794 $2,684,708 The County approved an ambulance billing write off during the year of$310,890. F-13 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 5 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 2009 consist of the following: Major Governmental Funds: Governmental Grants Fund: Second Mortgages Receivable from individuals, collateralized by personal residences, The entire amount of the loan will be forgiven over a five-year period at a rate of one fifth per year, beginning on the 1$ anniversary of the completion of the construction of the improvements funded by the mortgage, provided that the mortgagor complies with the mortgage covenants. $ 107,837 Comprehensive Plan Land Authority Fund: First mortgage due from governmental agency, collateralized by land, payable in full April 2028, interest free 382,554 First mortgage due from governmental agency, collateralized by land, payable in full May 2031, interest free 1,500,000 Second mortgage due from governmental agency, collateralized by land, payable in full January 2034, interest free 2,210,000 First mortgage due from governmental agency, collateralized by land and building, payable in full September 2045, interest free 59,025 Third mortgage due from private company, collateralized by land, payable in full May 2050, interest free 1,089,000 Third mortgage due from private company, collateralized by land, payable in full September 2053, interest free 1,500,000 6,740,579 Nonmajor Governmental Funds: Affordable Housing'Pr rams Fund: Second Mortgage Receivable from individual, collateralized by personal residence. The entire amount of the loan will be forgiven over a ten-year period at a rate of one fifth per year, beginning on the 6th anniversary of the completion of the construction of the improvements funded by the mortgage, provided that the mortgagor complies with the mortgage covenants. 3,647 Local Housing Assistance: Second Mortgages Receivable from individuals, collateralized by personal residences, Commencing in year sixteen of the mortgage, principal and accrued interest at 3% will be forgiven at the rate of 6.66% annually. The entire principal F-14 .............................................................................................................................................................................. MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 5 - MORTGAGES RECEIVABLE (Continued) 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 115,056 the mortgage and accrued interest is due at closing. Second Mortgages Receivable from individuals, collateralized by personal residences. Principal payments shall be deferred for the term of the first mortgage loan, or until the date the last payment is due on the first mortgage. Interest is not charged on the mortgages unless the mortgagor is in default, in which case the interest rate is 12% per annum from the date when payment of the second is due. The entire balance of the loan is intended to be forgiven. However, in the event the home is sold, transferred, rented, refinanced or the first mortgage loan is satisfied, the entire mortgage balance is due. 5,950,825 Second Mortgages Receivable from individuals, collateralized by personal residences. The entire balance of the mortgage will be forgiven over a ten year period at the rate of ten percent per year upon the anniversary of the mortgage, provided that the mortgagor complies with the mortgage covenants. The mortgages are interest free. 14039,589 7,105470 Total Mortgages Receivable $ 13,957,533 The mortgages receivable associated with the Governmental Grants, and Affordable Housing Program funds are offset by an allowance for uncollectible accounts of $107,837, and $3,647, respectively. As the mortgages receivable associated with the Local Housing Assistance fund are intended to ultimately be forgiven, an allowance for uncollectible accounts of$7,105,470 has been established. A reserve of fund balance of $6,740,579 represents the mortgages receivable related to the Comprehensive Plan Land Authority Special Revenue Fund that are equally offset by a fund balance reserve, which indicates that they do not constitute "available spendable resources," even though they are a component of total assets. This also represents the primary difference in fund balance for the Comprehensive Plan Land Authority Special Revenue Fund on a GAAP basis versus the budgetary basis. NOTE 6—CAPITAL ASSETS Internal service fund capital asset information is included in the governmental activities on the government-wide financial statements, because the internal service funds predominately serve those activities. Capital asset activity for the year ended September 30, 2009 is as follows: F-1 5 ................................... ...............-............................ MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 6—CAPITAL ASSETS (Continued) Beginning Ending Balances Additions Reductions Balances Governmental Activities Capital assets not depreciated: Land $ 86,166,996 $ 4,095,793 $ 1,414,831 $ 88,847,958 Construction in progress 77,385,523 21,915,848 10,142,408 89,158,963 Total capital assets not depreciated 163,552,519 26,011,641 11,557,239 178,006,921 Capital assets depreciated, Buildings 104,578,744 542,253 33,943 105,087,054 Equipment 59,402,733 4,813,793 2,884,502 61,332,024 Infrastructure 41,658,641 7,894,608 221,923 49,331,326 Capacity rights 3,150,000 - - 3,150,000 Total capital assets depreciated 208,790,118 131250,654 3,140,368 218,900,404 Less accumulated depreciation for: Buildings 38,017,479 2,426,762 12,700 40,431,541 Equipment 31,716,408 4,827,743 2,135,894 34,408,257 Infrastructure 23,087,450 998,464 122,058 23,963,856 Capacity rights 127,272 31,818 - 159,090 Total accumulated depreciation 92,948,609 $ 8,284,787 $ 2,270,652 98,962,744 Total capital assets depreciated, net 115,841,509 119,937,660 Governmental funds, capital assets, net $ 279,394,028 $ 297,944,581 Business-type Activities: Capital assets not depreciated: Land $ 4,802,020 $ - $ - $ 4,802,020 Construction in progress 42,279,121 10,368,896 9,862,802 42,785,215 Total capital assets not depreciated 47,081,141 10,368,896 9,862,802 47,587,235 Capital assets depreciated: Land improvements 212,925 - - 212,925 Buildings 17,861,087 4,820,911 - 22,681,998 Equipment 4,723,828 145,068 436,324 4,432,572 Infrastructure 28,751,489 6,003,143 - 34,754,632 Total capital assets depreciated 51,549,329 10,969,122 436,324 62,082,127 Less accumulated depreciation for: Land improvements 212,925 - - 212,925 Buildings 5,103,672 558,072 - 5,661,744 Equipment 3,046,170 297,299 354,451 2,989,018 Infrastructure 11,770,274 1,218,221 - 12,988,495 Total accumulated depreciation 20,133,041 $ 2,073,592 $ 354,451 21,852,182 Total capital assets depreciated, net 31,416,288 40,229,945 Business-type activities, capital assets, net $ 78,497,429 $ 87,817,180 F-16 ............ .................................- MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 6— CAPITAL ASSETS (Continued) Depreciation was charged to functionstprog rams on the government-wide Statement of Activities of the County as follows: Governmental Activities: Business-type Activities: General Government $1,201,424 Municipal Service District-Waste $ 55,892 Public Safety 4,804,385 Card Sound Bridge 415,762 Physical Environment 95,811 Key West Airport 1,052,072 Transportation 999,538 Marathon Airport 549,866 Economic Environment 7,858 Total Business-type Activities $2,073,592 Human Services 256,591 Culture and Recreation 453,808 Court Related 465,372 Total Governmental Activities $8,284,787 NOTE 7—POST EMPLOYMENT BENEFITS OTHER THAN PENSION Plan Description The Monroe County Board of County Commissioners (BOCC) administers a single- employer defined benefits healthcare plan (the "Plan"). Florida Statutes 112.0801 requires the County to provide retirees and their eligible dependents with the option to participate in the Plan if the County provides health insurance to its active employees and their eligible dependents. The Plan provides medical coverage and prescription drug benefits to both active and eligible retired employees. The Plan does not issue a publicly available financial report. The BOCC may amend the plan design, with changes to the benefits, premiums and/or levels of participant contribution at any time. In an open session, on at least an annual basis and prior to the annual enrollment process, the BOCC approves the rates for the coming calendar year for the retiree and County contributions. Eligibility for post employment participation in the Plan is limited to full time employees of the County, and the Constitutional Officers. At September 30, 2009, there were no terminated employees entitled to deferred benefits. The membership of the County's medical plan consisted of: Active Employees 1,255 Retirees and beneficiaries currently receiving benefits — 354 Total Membership 1,609 Funding Policy The contribution requirements of plan members and the County are established and may be amended by the County. The required contribution is based on pay-as-you-go financing requirements, net of member contributions. Employees who retire as an active participant in the Plan and were hired on or after October 1, 2001 may continue to participate in the Plan by paying the monthly premium established annually by the BOCC. Employees who retire as an active participant in the plan, were hired before October 1, 2001, F-1 7 .............. ........................ .................I—-............................... ........................t.......... MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 209 NOTE 7—POST EMPLOYMENT BENEFITS OTHER THAN PENSION (Continued) have at least ten years of full time service with the County, and meet the retirement criteria of the Florida Retirement System (FRS) may continue to participate in the Plan at a cost equal to the FRS Health Insurance Subsidy for ten years of service (currently$5 per month for each year of service credit at retirement or$50 per month). Retirees who have met the requirements for early retirement, have not achieved age 60 and whose age and years of service do not equal 70 (rule of 70) must pay the standard monthly premium until the age criteria or the rule of 70 is met. At that time, the retiree's cost of participation will be equal to the FRS Health Insurance Subsidy. Surviving spouses and dependents of participating retirees may continue in the plan if eligibility criteria specific to those classes are met. For the fiscal year 2009, the County contributed the following: Claims paid by Group Insurance Fund $ 3,189,814 Allocation of administrative expenses and incurred but not reported costs (IBNR) 394,281 OPEB costs 3,584,095 Less retiree contributions (644,681) County contribution $ 2,9391414 Annual OPEB Coats and Net OPEB Obligation - The County's annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded liabilities over a period not to exceed thirty years. The following table shows the actuarially determined components as of October 1, 2007, under the current plan provisions, of the County's unfunded annual OPEB cost, the amount actually contributed to the plan and the changes in the County's net OPEB obligation to the plan. 2009 2008 Annual required contribution $ 7,048,000 $ 7,048,000 Interest on net OPEB obligation - - Adjustment to annual required contribution - - Annual' OPEB cost 7,048,000 7,048,000 Less contributions made (2,939,412) (1,694,324 Increase in net OPEB obligation 4,108,588 5,398,676 Net OPEB obligation, beginning of year 5,398,676 - Net OPEB obligation, end of year $ 9,507,264 $ 5239 ,676 The net OPEB obligation at the end of the year is $9,037,836 for Governmental Activities and $469,428 for Business type Activities. F-18 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 7— POST EMPLOYMENT BENEFITS OTHER THAN PENSION (Continued) No trust or agency fund has been established for the plan; there were no adjustments to the annual required contribution or interest eamings. Funded Status and Funding Progress —At September 30, 2008, funded status and funding progress is as follows (amount expressed in thousands): Actuarial UALL as a Accrued Percentage Actuarial Actuarial Liability - of Valuation Value of Projected Unfunded Funded Covered Covered ©ate* Assets Unit Credit AAL Ratio Payroll Payroll 10/01/07 $ - $79,637 $79,637 0% $68,193 116,80% *Initial year of plan disclosure, no prier data available Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past;.expectations and new estimates are made about the future.The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents trend information about whether the actuarial value of plan assets is increasing or decreasing over the time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of benefit cost sharing between the employers and plan members to that point. The valuation dated October 21, 2008, for the fiscal dates of October 1, 2007 to September 30, 2008, was prepared using generally accepted actuarial principles and practices, and relied on unaudited census data and medical claims data reported by the County. The valuation used the projected unit credit actuarial method. Demographic assumptions mirror those used for the various Florida Retirement System pension funds. The actuarial assumptions include an annual health care cost trend rate of 11.0% initially, reduced by decrements to an ultimate rate of 6.0% over ten years. The assumptions included a discount rate that is tied to the return expected on the funds used to pay the benefits, and assumes for an unfunded plan, that the benefits continue to be funded on a pay-as-you-go basis and that the County's investments earn a 5% rate of return' over the long term. The unfunded accrued actuarial liability is amortized over thirty years on a closed basis, as a level percentage of the projected payroll,which is assumed to increase at 4.0% per annum. F-19 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 8 - RETIREMENT FLAN Florida Retirement System: Plan Description — Substantially all full-time County employees are participants in the Florida Retirement System, (FRS)', administered by the Florida Department of Administration. Employees elect to participate in either the defined benefit plan ("Pension Plan"), a multiple-employer; cost-sharing public employees defined benefit retirement plan, or the defined contribution plan (investment Plan) under the FRS_ FRS provides retirement and disability benefits, annual cost-of living adjustments, and death benefits to plan members and beneficiaries of various governmental units within the State of Florida, Benefits are established by Chapter 121, Florida Statutes, and Chapter 60S, Florida Administrative Code.Amendments to the law can be made only by Act of the Florida legislature. The FRS provides for vesting of benefits after 6 years of credited service. Normal retirement benefits are available to employees who retire at or after age 62 with 6 or more years of service. Early retirement is available after 6 years of service with a 5% reduction in benefits for each year prior to the normal retirement age. Retirement benefits are based on age, average compensation and years-of- service credit where average compensation is computed as the average of an individual's five highest years of earnings. Employees are not required to contribute to this retirement system. In addition to the above benefits, the FRS administers a Deferred Retirement Option Program ("DROP"). This program allows eligible employees to defer receipt of monthly retirement benefit payments while continuing employment with a FRS employer for a period not to exceed 60 months after electing to participate. Deferred monthly benefits are held in the FRS Trust Fund and accrue interest. For employees who elect to participate in the Investment Plan rather than the Pension Plan, vesting occurs at one year of service. These participants receive a contribution of self-direction in an investment product with a third party administrator selected by the State County of Administration. The Florida Division of Retirement issues a publicly available financial report that includes financial statements and required supplementary information for the FRS. The report may be obtained by writing to Florida Division of Retirement, 2639 Monroe Street, Building C, Tallahassee, FL 32399-1560, or from the website www.frs.state.fl.us. Funding Policy -- The FRS is noncontributory for members. Participating employer contributions are based upon state-wide rates established by the State of Florida. These rates are applied to employee salaries as follows: regular employees, 9.85%, special risk employees, 20.92%, special risk administrative support 12.55%; elected officials, 16.53%, senior management 13.12%, and DROP participants 10.91%. The County contributed to the plan an amount equal to 13.93% of covered payroll during the fiscal year ended September 30, 2009. The County's contributions made during the years ended September 30, 2009, 2008, and 2007 were $9,015,103, $ ,340,689, and $9,689,370, respectively, equal to the required contributions for each year. The County has historically contributed amounts equal to required contributions and, therefore, does not have a pension asset or liability as determined in accordance with GASB Statement No. 27. F-20 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 9 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL SERVICES Plan Descrir)tion —The Monroe County, Florida Volunteer Firefighter and Emergency Medical Services Length of Service Award Plan (LOSAP) is a single-employer defined benefit pension plan created in 1999 and administered by the Board. Upon completion of ten (10) years of service, prior to normal retirement age, and in accordance with the terms of LOSAP, a plan member is considered vested. LOSAP provides retirement and death benefits to plan members and beneficiaries. Monroe County Ordinance 026-1999 defines the authority under which contribution and benefit provisions may be amended. This authority is presently held by the Board. LOSAP shall be administered in accordance with the requirements of Chapter 112, Part VI 1, Florida Statutes. LOSAP had 80 participants of which 44 are active, 34 are inactive and 2 are retired members for the plan year ended December 31, 2008 and the County's fiscal year ending September 30, 2009. Separate, stand-alone financial statements for LOSAP are not provided. Summa[y of Significant Accounting Policies — The financial statements of LOSAP are prepared using the accrual basis of accounting. The Contributions are recognized when due. Benefits are recognized when due and payable in accordance with the terms of LOSAP. Administrative costs are paid by the Board. Actuarial valuation costs are paid by LOSAP. All plan investments are reported at fair value. Funding Policy—Annually, as determined by the actuarial study, the Board shall appropriate funds from the budgets of the various volunteer fire/rescue districts. These funds will be applied as a contribution to LOSAP. Plan members do not contribute. The current contribution rate is $310 per volunteer year of service. Below is a schedule of funding progress for six years. Actuarial UALL as a Actuarial Actual Accrued Unfunded Percentage Valuation Value of Liability AAL Funded Covered of Covered Date Assets (AAL) (UAAL) Ratio Payroll Payroll 12/31/2003 $474,729 $890,779 $416,050 53.3% NA NA 12/31/2004 562,738 887,105 324,367 63.4% NA NA 12/31/2005 626,637 968,291 341,654 643% NA NA 12/31/2006 700,939 802,005 101,066 87.4% NA NA 12/3112007 725,508 767,315 41,807 94.6% NA NA 12/31/2008 782,060 849,172 67,112 92.1% NA NA NA-Contributions and benefits are calculated based on years of service as the participants are unpaid volunteers. As a result, there are no related covered payroll and no UALL as a percentage of covered payroll, Annual Pension Cos — The Board's annual pension cost of $24,777 was equal to the required contribution. The annual required contribution was determined as part of the January 1, 2008 actuarial valuation using the Aggregate Method. Allocations are based on years of service and the aggregation used is by fire district. This method does not separately amortize unfunded actuarial liabilities. Under this method, gains and losses are spread over future normal costs. F-21 .............. .............. ------------- MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 9 — PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL SERVICES (Continued) The significant actuarial assumptions used to compute the pension benefit obligation were: 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, 2008 and the five preceding years were as follows: Fiscal Annual Percentage Net Year Pension of APC Pension Ending Cost (APC) Contributed Obligation 12/31/03 $ 73,840 100% $ 12/31/04 58,904 100% 12/31/05 61,050 100% 12131/06 24,233 100% 12/31/07 28,477 100% 12/31/08 24,777 100% NOTE 10—CAPITAL COMMITMENTS Construction projects under present contractual agreements as of September 30, 2009 are as follows- Proiect Construction Commitments Key Largo WWTD ILA $ 7,124,186 Duck Key Wastewater 4,022,561 Key West Airport 1,996,116 Freeman Justice Center 1,505,841 Key West Noise Imp Proj. Ph. 6 1,067,523 Big Coppiff Wastewater 932,790 Marathon Airport HVAC 433,297 Big Pine Key Fire Station 160,554 Miscellaneous 396,418 Total $ 17,639,286 The Comprehensive Plan Land Authority has approximately $296,546 of commitments to acquire various properties as of September 30, 2009. F-22 ........................... .............. ................. ........... MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 11 — LEASE OBLIGATIONS Capitalized lease obligations are stated at the original fair market value of leased assets capitalized, less payments since the inception of the lease discounted at the implicit rate of interest in the lease. The future minimum debt reductions under capitalized leases consist of the following at September 30, 2009: Governmental Business-type Activities Activities Fiscal year ending September 30: 2010 $ 23,344 $ 50,000 2011 17,520 50,000 2012 1,460 50,000 2013 - 50,000 2014 - 50,000 2015-2019 - 250,000 2020-2024 - 217,270 Total minimum payments 42,324 717,270 Less Amounts representing interest (2,162) - Present value of net minimum lease payments $ 40,162 $ 717,270 Leased property which has been capitalized as of September 30, 2009 is as follows: Governmental Business-type Activities Activities Equipment $ 210,367 $ 2,335,830 Less Accumulated Depreciation (64,846) 2,335,830 $ 145,521 $ - The County leases office space and equipment under operating lease agreements. Total lease payments made in 2009 were $6,390,534. The following is a schedule by years of future minimum rentals under non-cancelable operating leases as of September 30, 2009: Fiscal year ending September 30: 2010 $ 5,105,186 2011 5,094,638 2012 4,767,882 2013 4,616,644 2014 5,488,394 Total $ 25072,744 F-23 .................... ............. ------------- MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 12 - LONG-TERM DEBT Long-term debt activity for the year ended September 30, 2009 is as follows: Current Portion of Beginning Ending Long-term Balances Additions Payments Balances Liabilities Governmental Activities: Revenue bonds payable $ 46,012,864 $ $ 3,896,091 $42,116,773 $ 4,031,091 Revenue notes payable 21,625,314 625,314 21,000,000 - Accrued comp, absences 7,432,039 2,450,735 2,297,189 7,585,585 450,993 OPEB Liability 5,050,676 6,700,000 2,712,840 9,037,836 - Capitalized lease obligations 200,109 - 159,947 40,162 21,790 Total Governmental Activities A 80,321,002 $9,150,735 $ 9,691,381 $79,780,356 $ 4,503,874 Business-type Activities: Revenue bonds payable $ 25,100,000 $ - $ 7,890,000 $17,210,000 $ 475,000 Revenue note payable 1,975,434 - 463,278 1,512,166 479,791 Arbitrage payable 303,737 - 7,093 296,644 - Landfill closure costs 400,433 8,008 - 408,441 - Accrued comp.absences 493,869 264,211 267,074 491,006 25,615 OPEB Liability 348,000 348,000 226,572 469,428 - Capitalized lease obligations 767,270 - 50,000 717,270 50,000 Total Business-type Activities $ 29,388,743 $ 620,219 $ 8 904,017 $ 21,104,945 $ 1,030,406 Total Long-Term Debt $109,709,745 $9,770,954 $18,595,398 $100,685,301 $ 5,534,280 Internal service fund long-term debt information is included in the governmental activities on the government-wide financial statements, because the internal service funds predominately serve those activities. The majority of the compensated absences for governmental activities are generally liquidated by the General Fund, The following is a summary of the Board's bonds and notes as of September 30, 2009: Governmental Activities Revenue Bonds: Infrastructure Sales Surtax Revenue Bonds,Series 2003 $ 14,305,000 Infrastructure Sales Surtax Revenue Bonds,Series 2007 26,910,000 Unamortized Original Issue Premium,Series 2007 901,773 Total Revenue Bonds 42,116,773 Revenue Note: Florida Rural Utility Financing Commission Revenue Notes, Series 2008A 21,000,000 Total Government Activities 63,116,773 Debt Service Funds Available to Pay Current Maturities (1,962,500) Unamortized Original Issue Premium,Series 2007 (901,773) Governmental Activities Principal Funding Requirements $ 60,252,500 F-24 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 12 -LONG-TERM DEBT (Continued) Bgsiness-lype Activities Revenue Bonds: Key West International Airport Revenue Bonds, Series 2006 $ 17,210,000 Revenue Note: Solid Waste Disposal System Refunding Revenue Note,Series 2002 1,554,104 Less Unamortized Loss on Refunding (41,948) 1,512,156 Total Business-Type Activities 18,722,156 Debt Service Funds Available to Pay Current Maturities and Early Retirements (1,800,014) Unamortized Loss on Refunding 41,948 Business-Type Activities Principal Funding Requirements $ 16,964,090 Debt Service Funding Requirements - The total annual debt service requirements for bonds and notes outstanding at September 30, 2009 are as follows: Governmental Activities Business-type Activities Principal Interest. Total Principal Interest Total 2010 $ 1,962,500 $ 1,560,576 $3,523,076 $ 3,638,591 $ 35,919 $3,674,510 2011 25,070,000 1,440,678 26,510,678 985,499 471,009 1,456,508 2012 4,220,000 1,284,405 5,504,405 410,000 678,700 1,088,700 2013 4,380,000 1,120,503 5,500,503 450,000 656,150 1,1 D6,150 2014 4,550,000 948,815 5,498,815 450,000 631,400 1,081,400 2015-2019 20,070,000 1,840,032 21,910,032 2,570,000 2,768,425 6,338,425 2020-2024 - - - 3,565,000 1,958,550 5,523,550 2025-2029 4 89 000 789,800 5,684,800 Total $60,252,500 $8,195,009 $68,447,509 $16,964,090 $7,989,953 $24,954,043 At September 30, 2009, the current portion of the unamortized loss on refunding is $20,974. Long-Term Debt at September 30, 2009 is composed of the following issues: $21,455,000 Infrastructure gales 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 I and October 1 Interest rates: 3.0%to 4.0% Amount outstanding at September 30th, $14,305,000 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 $16,892,989, For the fiscal year, principal and interest paid was $1,819,401 and total pledged revenue was $13,702,434. Purpose: To construct and acquire equipment and capital improvements. Call provisions: First redemption date may not be later than 4/20/13 and no call premium may exceed 2% of the par amount redeemed. F-25 ................... MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 12 -LONG-TERM DEBT(Continued) 29 415 000 Infrastructure Sales Surtax Revenue Bonds Series 2007 Type: General Government Revenue Bonds Dated: November 2007 Final maturity: Year 2018 Principal payment date: April 1 Interest payment dates: April 1 and October 1 Interest rates: 4.0%to 5.0% Amount outstanding at September 30th: $26,910,000 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$32,545,150. For the fiscal year, principal and interest paid was$3,698,900 and total pledged revenue was $13,702,434. Purpose: To construct and acquire equipment and capital improvements. Call provisions: None 21 000 000 Florida Rural Utility Financing Commission Revenue Notes Series 2008A Type: General Government Revenue Notes Dated: January 2008 Final maturity: Year 2011 Principal payment date: 2011 Interest payment dates: January 1 and July 1 Interest rate: 4.2% Amount outstanding at September 30th: $21,000,000 Reserve requirement: None Revenue pledged: Permanent financing proceeds. The total principal and interest remaining to be paid is $22,323,000. For the fiscal year, principal and interest paid was $882,000. Purpose: Wastewater capital improvements. Call provisions: None $30,455,000 Key West International Airport Revenue Bonds Type: Enterprise Revenue Bond Dated: July 2006 Final maturity: Year 2033 Principal payment date: October 1 Interest payment dates: Monthly Interest rates: variable, maximum Amount outstanding at September 30th: $17,210,000 of 5.5% Reserve requirement: $2,759,567 Revenue Pledged: (1) Net Revenues(as defined in the Resolution)to be derived from the operation of the airport, (2) Other Available Moneys (as defined in the Resolution), (3) Hedge Receipts and (4) (until applied in accordance with the provisions of 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 $25,145,773. For the fiscal year, principal of$7,890,000 was funded by pledged revenues of$12,305,864 and interest of $228,552 was funded by capitalized interest secured when the bonds were issued. Purpose: Acquire, construct and equip various capital improvements at the Key West International Airport Call provisions: (1) Optional Redemption at par on any date (2) Mandatory redemption at par at the option of the Bank upon the event of default under the Reimbursement Agreement or with respect to Bank Bonds. At least 15 days notice of mandatory tender of Series 2006 Bonds for purchase; at least 30 days notice of redemption. F-26 .. .. ------ MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 12 - LONG-TERM DEBT(Continued) $A,143.945 Solid Waste Disposal System Refunding Revenue Note, Series 2002 Type: Enterprise Revenue Note Dated: December 2002 Final maturity: Year 2012 Principal payment date: October 1 Interest payment dates: April 1 and October I Interest rates: 3.41% Amount outstanding at September 30th: $1,554,104 Reserve requirement: None. Revenue pledged: Gross revenues from the solid waste disposal, collection and management systems. The total principal and interest remaining to be paid is $1,634,781. For the fiscal year, principal and interest paid was $545,503 and total pledged revenue was $14,229,984. Purpose: To refund on a current basis the Monroe County Municipal Service District Refunding Improvement Bonds, Series 1991. Call provisions: No prepayment penalty. Bank requires 10 days notice. NOTE 13 - DEFEASANCE OF DEBT In prior years, the County defeased 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. Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the County's financial statements. The following schedule reflects outstanding principal on refunded bonds, by issue, as of September 30, 2009: Governmental Activities: $5,000,000 Improvement Revenue Bonds, Series 1988; defeased on May 1, 1993 using proceeds from the Refunding Revenue Bonds, Series 1993/88 $ 365,000 Business type Activities: $8,000,000 Municipal Service District Improvement Revenue Bonds, Series 1980; defeased on December 6, 1985 using proceeds from the $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985 $ 5,370,000 $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985; defeased on April 1, 1991 using proceeds from the Municipal Service District Refunding Improvement Bonds, Series 1991 3,955,000 Total Business—type Activities $ 9,325,000_ NOTE 14—INTEREST RATE CAP Contracts - The County has an interest rate cap agreement in effect at September 30, 2009 for the $30,455,000 Key West International Airport Variable Rate Revenue Bonds (Key West International Airport), Series 2006 ("Series 2006"). F-27 ........... ............................ ................................................ MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 14—INTEREST RATE CAP (Continued) Objectives - As a means to manage interest rate risk related to the variable rate bonds at the time of issuance on July 18, 2006, the County entered into an interest rate cap agreement in connection with its Series 2006. bonds. The intention of the cap agreement was to effectively limit the County's maximum variable interest rate on the bonds to a fixed rate of 5.50% for a period of approximately three years. Terms, fair values, and credit risk - The terms, fair values, and credit ratings of the outstanding cap as of September 30, 2009 are as follows. The notional amount of the cap agreement matches the principal amount of the associated debt and declines with the principal amortization on the bonds. Associated Notional Effective Fixed Variable Rate Fair Termination Counterparty Bond Issue Amount Date Rate (1) Value Date Credit Rating (2) Series July 18, October 1, 2006 $ 30,455,000 2006 5.50% Weekly Rate $0 2009 Aa2/A+/A+ (1) Determined weekly by Remarketing Agent (2) Counterparty's guarantor Credit risk -As of September 30, 2009 the positive fair value of the agreement represents the County's exposure to credit risk. Should the counterparty to the cap fail to perform according to the terms of the cap agreement, the County faces variable credit risk to the same extent as if the County had not entered into the cap agreement. The counterparty carries a guarantee by an entity ("counterparty guarantor") rated Aa2 by Moody's Investors Service (Moody's), A+ by Standard and Poor's (S&P), and A+ by Fitch Ratings (Fitch). Basis risk-The cap does not expose the County to basis risk. Termination Risk - The County or the counterparty may terminate the cap agreement if the other party fails to perform under the terms of the contract. An additional termination event occurs if the counterparty ratings fall below specified categories by Moody's and S&P, and any other Rating Agency. The swap may be terminated by the County with 30 days notice and the counterparty can terminate the swap if the County falls below Baal by Moody's, BBB by S&P, and an equivalent investment grade from any other Rating Agency, provided however that any termination must have insurer consent. Rollover Risk - The County is exposed to rollover risk on the interest cap agreement that terminates prior to the associated debt. When this agreement terminates, the County will not realize the synthetic rate offered by the agreement on the underlying debt issue. In order to continue to manage interest rate risk related to the variable rate bonds, on October 1, 2009 the County entered into another interest rate cap agreement in connection with its Series 2006 bonds. The intention of the cap agreement is to effectively limit the County's maximum variable interest rate on the bonds to a fixed rate of 5.50% for a period of two years. The terms, fair values, and credit ratings of the outstanding cap as of October 1, 2009 are as follows. The notional amount of the cap agreement matches the estimated principal amount of the bonds outstanding at the inception of the agreement and declines with the principal amortization on the bonds. F-28 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 14—INTEREST RATE CAP (Continued) Associated Notional Effective Fixed Variable Rate Fair Termination Bond Issue Amount Date Rate (1) Value(3) Date Series October October 1, 2006 15,000,000 1, 2009 5.50% Weekly Rate $26,900 2011 Al/A+/A+ (1) Determined weekly by Remarketing Agent (2) Gounterparty's guarantor (3) As of October 1, 2009 NOTE 15—CONDUIT DEBT IDA Health Care Facilities Revenue Bands Series 2003 - The Monroe County Industrial Development Authority approved the issuance of IDA Health Care Facilities Revenue Bonds, Series '2003, not to exceed $2,500,000 and for a loan by the Authority to the Guidance Clinic of the Middle Keys, Inc. to provide for the refinancing of certain outstanding indebtedness of the corporation and for financing certain capital improvements to the corporation's health care facilities. Ownership of the acquired facilities is in the name of the private entity served by the bond issuance. Neither the County, the Authority, the State, nor any political subdivision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. Maturity of the Series 2003 Bonds is August 1, 2018. Industrial Development Bonds North Key Largo Utilily Corp. System), Series 2005 — The Monroe County Industrial Development Authority issued Industrial Development Revenue Bonds (North Key Largo Utility Corporation System), Series 2005 totaling $2,965,000 on September 1, 2005 for the exchange of a like principal of the $3,400,000 of Industrial Development Revenue Bonds issued in 1995 related to the North Key Largo Utility Corporation Project. Neither the County, the Authority, the State, nor any political subdivision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. Maturity of the Series 2005 Bonds is March 1, 2025. City of South Miami Health Facilities Authority Hospital Revenue Bonds Series 2007 - On April 18, 2007, the County approved an interlocal agreement with the City of South Miami Health Facilities Authority for the issuance of $800,000,000 of tax-free bonds for Mariner's Hospital (Baptist Health South) for the purpose of financing capital improvements to healthcare facilities and refund outstanding bonds. The facilities will be owned by the issuers of the bonds and the County is not obligated in any way for the repayment of the bonds. Monroe County was part of a group consisting of the State of Florida and other units of local government that participated to establish the tax-free status of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. Maturity of the Series 2007 Bonds is August 15, 2042. NOTE 16—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 County obtains updated and revised estimates of total future closure and post closure costs from its engineers. F-29 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 16—RECOGNITION OF CLOSURE AND POST CLOSURE COST(Continued) All amounts recognized are based upon what it would cost to perform closure and post closure functions in current dollars. Actual costs may be different due to inflation, changes in technology, or changes in laws and regulations. Recognition of the liability for closure and post closure costs is based on the landfill capacity used to date. The landfill capacity of the County's previously operated landfills is 100% used and has no remaining landfill life. Closure of these landfills was substantially completed during the year ended September 30, 1994. The County 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, 2009, the estimated future cost for post closure maintenance, which is reported as a long-term liability in the Municipal Service District-Waste enterprise fund, was $408,441, 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. The Florida Department of Environmental Protection approved a post closure operating plan, which permits the County to fund closure, and post closure costs as an operating expense using annual appropriations. The landfill is required by state and federal laws and regulations to make annual contributions to a cash escrow account to meet financial assurance requirements. In accordance with laws and regulations, the landfill had cash and investments of$1,890,454 held for these purposes at September 30, 2009. In the event closure escrows and interest earnings prove inadequate due to inflation, changes in technology or additional post closure care requirements, these costs may need to be covered by charges to service users. NOTE 17 -INTERFUND BALANCES Interfund balances at September 30, 2009 are as follows: Due to General Fund from: Governmental Grants Fund $ 5,865 Fine& Forfeiture Fund 15,512 HIDTA Grants 40,891 Nonmajor Governmental Funds 1,123,671 Total 1,185,939 F-30 .............. ................. ...................................................................... .......... MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 17 -INTERFUND BALANCES (Continued) Due to Fine& Forfeiture Fund from; General Fund 1,647,614 Governmental Grants Fund 36,440 Nonmajor Governmental Funds 159,408 Total 1,843,462 Due to Governmental Grants Fund from: General Fund 201,18 Marathon Airport 93,245 Nonmajor Governmental Funds 27,90 Total 322,333 Due to HIDTA Grants Fund from: General Fund 2,29 Due to One Cent Infrastructure Surtax Fund from: Governmental Grants Fund 433,036 Due to Big Coppitt Wastewater Project Fund from: Governmental Grants Fund 4,401 Due to Nonmajor Governmental Funds from: General Fund 960,908 Governmental Grants Fund 303,09 HIDTA Grants 36,735 Big Coppitt Wastewater Project Fund 112,779 Carol Sound Bridge Fund 968 Key West Airport Fund 136,91,8 Nonmajor Governmental Funds 200,416 Total 1,751,813 Due to Internal Service from: General Fund 62,304 HIDTA Grants 49,396 Nonmajor Governmental Funds 54,659 Total 166,359 Due to Municipal Svc District Fund from: General Fund 6,429 Card Sound Bridge Fund 220 Internal Service Funds 124 Nonmajor Governmental Funds 7,043 Total 13,816 F-31 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 17 - INTERFUND BALANCES(Continued) Due to Key West Airport Fund from: General Fund 41 Marathon Airport 18,081 Total 18,12 Due to'Marathon Airport Fund from: One Cent Infrastructure Surtax Fund 375 Key West Airport Fund 4,924 Total 5,299 Total Interfund Balances $5,746,879 During the course of operations, transactions occur which result in amounts owed to a particular fund by another fund, other than for goods provided or services rendered. These receivables and payables are due within a year and are classified as "Due from other funds/Due to other funds" on the governmental funds balance sheet or proprietary fund statement of net assets. NOTE 18 - INTERFUND TRANSFERS Interfund transfers at September 30, 2009 are as follows: Transfers to General Fund from: Fine & Forfeiture Fund $ 37,604,717 One Cent Infrastructure Surtax Fund 287,227 Municipal Svc District Waste Fund 211,582 Card Sound Road Fund 138,987 Marathon Airport Fund 94,440 Internal Service Funds 667,482 Nonmajor Governmental Funds 6,717,336 Total 45,721,771 Transfers to Fine and Forfeiture Fund from: General Fund 1,209,788 Nonmajor Governmental Funds 764,648 Total 1,974,436 Transfers to Governmental Grants Funds from: General Fund 205,975 Fine & Forfeiture Fund 20,430 One Cent Infrastructure Surtax Fund 243 Nonmajor Governmental Funds 1691428 Total 396,076 Transfers to One Cent Infrastructure Surtax Fund from: Governmental Grants Fund 545,851 F-32 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 18 -INTERFU'ND TRANSFERS (Continued) Transfers to Infrastructure Revenue Bonds, Series 2003 Fund from: One Cent Infrastructure Surtax Fund 3,000,000 Nonmajor Governmental Funds 40,424 Total 3,040,424 Transfers to Infrastructure Revenue Bonds, Series 2007 Fund from: Governmental Grants Fund 2,727 Transfers to Big Coppitt Wastewater Project Fund from: Governmental Grants Fund 4,585,356 Transfers to Nonmajor Governmental Funds from: Governmental Grants Fund 866,619 One Cent Infrastructure Surtax Fund 6,114,000 Nonmajor Governmental Funds 3,776,060 Total 10,756,679 Transfers to Key West Airport Fund from: One Cent Infrastructure Surtax Fund 2,500,000 Transfers to Marathon Airport Fund from: One Cent Infrastructure Surtax Fund 6,074 Key West Airport Fund 6,016 Total 12,090 Total Interfund Transfers $69,535,410 The major fund, One Cent Infrastructure Surtax, interfund transfers out totaling $11,907,544 are related to the funding of debt service as well as partial funding for the Nelson Government Center, the new Judicial Courthouse, and the new Medical Examiner's offices which are accounted for in the Infrastructure Revenue Bonds, Series 2003 major fund, The Key West Airport major enterprise fund also received partial funding from the same source for the new Key West Airport terminal. Resources of $4,585,356 from the DEP Grants in the Grant major fund are transferred out to the Big Coppitt Wastewater capital project for partial funding. Other transfers in and out are related to supporting operations and grant match requirements. NOTE 19 - RISK MANAGEMENT The County is exposed to various risks of loss related to tort; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal years ended 1976, 1984 and 1988, the County established the Worker's Compensation, Group Insurance, and Risk Management Funds, respectively, as internal service funds to account for and finance its uninsured risks of loss. Under these programs, the Workers Compensation provides $1,000,000 coverage per claim. The Group Insurance Fund provides self insured excess claims, Risk Management has a $5,000,000 excess insurance policy for general liability claims with a $100,000' self-insured retention, and building property damage is covered for the actual value of the building with a deductible between $100,000 and $250,000. Deductibles for windstorm and flood vary by location. The County F-33 MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 19 -RISK MANAGEMENT(Continued) purchases commercial insurance for claims in excess of coverage provided by the funds and for all other risks of loss. Settled claims have not exceeded this commercial coverage in any of the past three years. All funds of the County participate in the programs and make payments to the Workers Compensation, Group Insurance and Risk Management Funds based on estimates of the amounts needed to pay prior and current year claims. The claims liabilities reported at September 30, 2009 are based on the requirements of Governmental Accounting Standards Board Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Changes in the claims liability amounts in fiscal year 2009 and 2008 were: Worker's Group Risk Comp. Insurance Mgmt Total Unpaid claims at Sept. 30, 2007 $1,794,351 $3,641,266 $1,547,490 $6,983,107 Incurred claims (including IBNRs) 2,135,393 12,150,206 264,153 14,549,752 Claim payments (2,641,761) (12,146,410) (214,153 (15,002,324) Unpaid claims at Sept. 30, 2008 1,287,983 31645,062 1,597,490 6,530,535 Incurred claims (including IBNRs) 2,207,489 14,332,130 (1,303,366) 15,236,253 Claim payments (1,960,825) (13,397,020) (152,739) (15,510,584) Unpaid claims at Sept. 30, 2009 $1,534,647 $4,580,172 $141,385 $6,2561204 NOTE 20-LITIGATION The County is a defendant in various lawsuits that have the potential to result in substantial liability should the County not prevail. NOTE 21 -COMMITMENTS AND CONTINGENCIES Grant PLograrns - The County participates in a number of federally assisted grant programs. These programs are subject to financial and compliance audits by the grantors or their representatives. Arbitrage Rebate - In accordance with the Tax Reform Act of 1986, any interest earnings on borrowed construction funds in excess of the interest costs are required to be rebated to the federal government. As of September 30, 2009, the County has estimated its arbitrage rebate liability to be $296,644 for its business-type activities. Impact Fee Refunds - Unexpended or unencumbered funds arising from the collection of impact fees may be refunded within one year following the end of the sixth year from the date on which the impact fee was paid or within three months of the non-commencement of construction. F-34 ----------- .... ............. MONROE COUNTY, FLORIDA Notes To Financial Statements For the Year Ended September 30, 2009 NOTE 21 -COMMITMENTS AND CONTINGENCIES (Continued) Letter of Credit - The County has issued $30,455,000 Key West 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 the principal and interest on the Series 2006 bonds, the County has requested a bank 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, 2011. Wastewater Permanent Financing - The County is constructing a wastewater treatment collection system to service Geiger and Rockland Keys which required the County to fund $21,000,000 of the costs. The County secured interim financing through the Florida Rural Utility Financing Commission Revenue Notes. By Resolution 386-2009 adopted October 21, 2009; the County ratified the execution of a loan agreement on September 8, 2009 which provides permanent financing through the Clean Water State Revolving Fund Loan program of the Florida Department of Environmental Protection. The permanent financing provides a maximum of $20,134,400 for the completion of the wastewater project and the retirement of the outstanding revenue notes. The loan will bear interest at 2.71%. Repayment is to be made semiannually in the amount of $668,374 in 40 semiannual loan payments based on the total amount of funding available. However, adjustments to the repayment terms may be made as a result of project changes agreed upon by the Florida Department of Environmental Protections. The County does not anticipate any draws on the permanent financing until April, 2010. NOTE 22-SUBSEQUENT EVENT Pursuant to the provisions of Monroe County Resolution 238-C, the County redeemed $3,485,000 of the Airport Variable Rate Revenue Bonds, Series 2006 maturing in 2035-2033 as described in the table below. Funding Source Date Amount Passenger Facility Fees November, 2009 $ 1,615,140 Monroe County November, 2009 4,860 Fla, Dept. of Transportation November, 2009 825,000 Fla. Dept. of Transportation December, 2009 1,040,000 Total $ 3,485,000 F-35 ------------- ................. COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS AFFORDABLE HOUSING PRQ9MMS To account for revenues and expenditures of various low income housing programs. RLDAL)& BRIQQg To account for revenues and expenditures of the constitutional gas taxes. TOURIST DEVELOPMENT DISTRICTS To account for the local option three-cent bed tax in five districts, all districts two cent, and administrative and promotional funds for the expenditures of advertising, promotions, and special events of the County Tourist Development Council. IMPACT FEES To account for the revenues and expenditures relating to impact fees collected for roadways, parks and recreation, libraries, solid waste, police facilities, fire and EMS, and fair share housing. FIRE AND AMBULANCE DISTRICT#1. LQWER ANR MIDDLg, KEYS To account for revenues and expenditures in District#1 for fire and ambulance services. UPPER KEYS 1JKALD CARE SPECIAL TAXING DISTRICT To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. UNIN_CORPQ!SATED AREA JERVICE DISTRICT To account for all revenues and expenditures for planning, building and zoning and parks and recreation services provided only to the unincorporated area of the County. LOCAL HOUSING ASSISTANCE 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 of Marathon, City of Layton and Islamorada, Village of Islands. 911 ENHANCEMENT' FEES To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 emergency telephone system. DUCK KEY SECURITY DISTRICT To account for the revenues and expenditures in providing security services for the Duck Key District. BOATING IMPROVEMENT To account for revenues and expenditures for providing boating-related activities, for removal of vessels and floating structures deemed a hazard to public safety and health, and for manatee and marine mammal protection and recovery. MISCELLANEOUS SPECIAL REVENUE To account for revenues and expenditures earmarked for specific purposes. (Continued) NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS—CONTINUED ENVIRQNMENIAL RESTORATION To account for all revenue and expenditures for finestfees collected and earmarked for environmental protection. LAW ENFORCEMENT TRUST To account for the funds used for the purpose of training police officers and supporting personnel in the prevention, investigation, detection and identification of crime. COURT'FACILITY FEES To account for revenues collected upon the institution of any civil action, suit or proceeding to be used exclusively in providing and maintaining existing and future facilities for the use of the Circuit and County Court systems. DRUG ABUSE.TRUST To account for assessments collected for drug abuse programs and to disburse assistance grants for drug abuse treatment and/or educational programs which meet the standards for qualification of such programs by the Department of Health and Rehabilitative Services. LWLkMT_HON MUNICIPAL SERVICE To account for the revenues and expenditures for municipal services for Marathon. WASTWATER MSTU To account for the revenues and expenditures for wastewater services for Conch Key, Bay Point, Big Coppitt, Key Largo, Stock Island, Cudjoe-Sugarloaf, Long Key-Layton and Duck Key. BUILDING FUND To account for the revenues and expenditures relating to building permits and for the administration and enforcement of the building code for the unincorporated area of the County. CQMIEREHEN§]YE PLAN LANQ AUTHORITY To account for the revenues and expenditures for purchasing unbuildable, recreational and conservational property and repackaging the property to meet the land use requirements. §HERIEF'S SA Y To account for the receipts and disbursements of inmate telephone commissions, canteen revenues and other inmate programs. SHERIFF'S IMPACT SUPPORT To account for the receipts and disbursements relating to the administration of the South Florida Drug & Money Laundering Task Force, SHERIFF'§ QEE-DUTY To account for receipts, expenditures and related reimbursements for law enforcement services provided to other organizations. SHERIFF'S GRANTS To account for the revenues and expenditures relating to various grants. (Continued) ............ NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS—CONTINUED SHERIFF'S TEEN COURT To account for receipts and disbursements pertaining to a program designed to deter juveniles who are becoming involved in crime. SHERIFF'S SOUT11 FLORIDA LAW ENFORCEMENT TRUST To account for the receipts and disbursements pertaining to South Florida Drug & Money Laundering Task Force. SHERIFF'S SHARED ASSET FORFEITURE To account for the accumulation of stipulated transfers from the Federal Forfeiture Fund. Its investment income is used to fund awards to non-profit organizations, as determined by an advisory board. SHERIFF'S FEDLPAL FO_REEITURE To account for the revenues from the U.S. Departments of Justice and Treasury. Expenditures are made in accordance with the guidelines issued by these agencies. SHERIFF'S CONTRACT ADMINISTRATJVE To account for the receipts of service fees collected for administering HIDTA, South Florida Law Enforcement Trust Fund, Impact Support and the NHAC Financial Unit. Expenditures relate to the costs of administering their activities. §UERIFF'§AIREORT SEA M_CES To account for expenditures related to providing security at airports throughout the county. SHERIFF'S LAW ENFORGEMENT TRV.§T To account for expenditures to non-profit organizations to help deter drug use and juvenile delinquency. SHERIFF'S STATE FORFEITURE To account for the proceeds from state forfeitures received primarily from the South Florida Drug and Money Laundering Task Force. SHERIFF'S INTER-AGENCY COM:LAU1N1Jg&T_IQN§ To account for revenues and expenditures allocated for radio communications. SHERIFF'S 911 To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 emergency telephone systems. SHERIFF'S TRAUMA_STAR To account for revenues and expenditures related to the Sheriffs operation of the air ambulance transports. SHERIFF'S RADIO COMLA.UN,ICATION§ To account for revenues and expenditures related to radio communication functions county-wide to include the majority of federal, state, and local entities. (Continued) ............ __..............:t:----- ___ NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS —CONTINUED CLERK'S jjODERNIMTIQN TRUST To account for revenue received through an additional recording fee pursuant to Florida Statute 28.24(15)(d) to be used for equipment, equipment maintenance, training and technical assistance necessary to modernize the clerk's public records system. CLERK': COURT "E ATED To account for revenues and expenditures for providing court related services under the direction of the Clerk of the Circuit Court. SUPEBMIQR'§Y"T R EDUCATION & EQ_UIPMgN To account for revenue received through grants for the education of voters and the purchase of voter equipment. DEBT SERVICE FUNDS ALL DEBT SERVICE FUNDS To account for accumulation of resources for, and payment of, interest and principal on the long-term debt incurred in the issuance of various revenue bonds. CAPITAL PROJECT FUNDS CL-gRK1§REVENUE NM To account for the Clerk's network system from the Florida Local Government Finance Commission Loan. DUCK KEY WASTEWATER To account for the revenues and expenditures of the wastewater infrastructure for Duck Key. ....................... MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2009 SPECIAL Tourist Tourist Affordable Development Development Housing Road & All Districts Admin & Promo Programs Bridge Two Cent Two Gent ASSETS Cash and Cash Equivalents $ 51,361 $ 154,088 $ 557,043 $ 911,773 Investments 323,372 4,868,980 2,384,333 2,550,217 Accounts Receivable, Net - - - 392 Due from Other Funds - - 71,364 97,033 Due from Other Governmental Units - 487,688 - MortgageslNotes Receivable 3,647 - - - Allow, for MortgagesfNotes Receivable (3,647) - - - Interest Receivable 2,895 43,723 21,199 22,689 Total Assets $ 377,628 $ 5,554,479 $ 3,033,939 $ 3,582,104 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ - $ 131,454 $ 285,654 $ 337,691 Retainage Payable - 29,180 - - Accrued Wages and Benefits Payable - 67,479 700 745 Due to Other Funds - 1,848 8,096 15,428 Due to Other Governmental Units - 1,137 - - Deposits in Escrow - 750 - - Deferred Revenues - - - - Total Liabilities - 231,848 294,450 353,864 Fund Balances: Reserved for: Encumbrances - 34,289 - - Land Acquisition - - - - Mortgage Loans - - - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated 377,628 5,288,342 2,739,489 3,228,240 Total Fund Balances 377,628 5,322,631 2,739,489 3,228,240 Total Liabilities and Fund Balances $ 377,628 $ 5,554,479 $ 3,033,939 $ 3,582,104 G-1 REVENUE FUNDS Tourist Tourist Tourist Tourist Tourist Development Development Development Development Development impact Fees, District#One District#Two District#Three District#Four District Wive Roadways $ 927,559 $ 64,688 $ 259,320 $ 170,771 $ 174,859 $ 79,869 2,848,339 190,834 895,343 646,075 519,645 6,145,340 45,230 4,705 13,909 10,386 11,504 25,453 1,730 8,040 5,788 4,733 48,118 _3,846,581 $ 261,957 $ 1,176,612 833,020 $ 710,741 $ 6,273,327 $ 468,879 $ 22,545 $ 49,552 $ 30,889 $ 29,571 $ - 8,808 2,133 82 82 4,029 - 13,148 54 126 117 1,406 - 87,434 31 14,085 - - - 578,269 24,763 63,845 31,088 35,006 - 481,367 - - - - - 2,786,945 237,194 1,112,767 801,932 675,735 6,273,327 3,268,312 237,194 1,112,767 801,932 675,735 6,273,327 3,846 581 261,957 $ 1,176,612 833,020 $ 710,741 $ 6,273,327 (Continued) G-2 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET-CONTINUED NONMAJOR GOVERNMENTAL AL FUNDS SEPTEMBER 30, 2009 SPECIAL. Impact Fees, Parks and Impact Fees, Impact Fees, Impact Fees, Recreation Libraries Solid Waste Police Facilities ASSETS Cash and Cash Equivalents $ 27,106 $ 110,189 $ 4,146 $ 9,656 Investments 379,772 693,469 25,588 53,647 Accounts Receivable, Net - - - - Due from Other Funds - - - - Due from tither Governmental Units - 114 - - Mortgages/Notes Receivable - - - Allow. for Mortgages/Notes Receivable - - - - Interest Receivable 3,426 6,180 227 537 Total Assets $ 410,304 $ 809,952 $ 29,961 $ 63,840 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable - Retainage Payable - - - - Accrued Wages and Benefits Payable - - - - Due to Other Funds - - - - Due to Other Governmental Units - - - - Deposits in Escrow - - - - Deferred Revenues - - - - Total Liabilities - - - - Fund Balances: Reserved for: Encumbrances - - - - Land Acquisition - - - - Mortgage Loans - - - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated 410,304 809,952 29,961 63,840 Total Fund Balances 410,304 809,952 29, 61 63,840 Total Liabilities and Fund Balances $ 410,304 $ 809,952 $ 29, 61 $ 63,840 G-3 REVENUE FUNDS Fire &Amb Upper Keys Unincorp. Unincorp. Impact Fees, District#1, Health Care Area Service Area Service Impact Fees, Employee Fair Lower and Special District, Dist-Planning Fire & EMS Share Housing Middle Keys Taxing District Parks& Rec. Bldg. &Zoning $ 30,599 $ 51,367 $ 41,580 $ 204,04 $ 7,038 $ 26,838 190,369 327,687 3,751,347 1,426,164 1,392,182 4,554,580 - - 422,553 - 3,250 13,492 300,770 - - 25,506 - 18,663 - 852 328,201 1,715 2,888 36,784 12,834 12,467 45,091 $ 222,683 $ 381,942 $ 4,571,697 $ 1,643,082 $ 1,415,789 $ 4,993,708 $ - $ - $ 82,193 $ 137 $ 104,493 $ 32,210 267,048 2,705 29,432 177,152 268 - 116 19,065 2,917 - 18,971 2,116 - - 2,349 - 297,014 - - - - 649,440 2,842 155,361 230,54 - - 510,545 - - 38,650 222,683 381,942 3,411,712 1,640,240 1,260,428 4,724,515 222,683 381,942 3,922,257 1,640,240 1,260,428 4,763,165 2221683 $ 381,942 $ 4,571,697 $ 1,643,082 $ 1,415,789 $ 4,993,708 (Continued) G-4 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET-CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2009 SPECIAL Local 911 Duck Key Housing Municipal Enhancement Security Assistance Policing Fees District ASSETS Gash and Gash Equivalents $ 108,133 $ 225,453 $ 6,216 $ 42,746 Investments 630,864 1,447,678 39,855 269,995 Accounts Receivable, Net - - - - Due from Other Funds - 128,963 - 500 Due from Other Governmental Units - 6,957 41,928 2 Mortgages/Notes Receivable 7,105,470 - - - Allow. for Mortgages/Notes Receivable (7,105,470) - - - Interest Receivable 6,187 13,110 351 2,408 Total Assets $ 745,184 1,822,161 $ 88,350 $ 315,651 LIABILITIES AND FUND BALANCES Liabilities Accounts Payable $ 19,18 $ - $ - $ 3,840 Retainage Payable - - - - Accrued Wages and Benefits Payable - - - - Due to Other Funds - 83 85,843 - Due to Other Governmental Units - - - - Deposits in Escrow - - - - Deferred Revenues - - - - Total Liabilities 19,198 83 85,843 3,840 Fund Balances: Reserved for: Encumbrances - - - - Land Acquisition - - - - Mortgage Leans - - - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated 725,986 1,822,078 2,507 311,811 Total Fund Balances 725, 86 1,822,078 2,507 311,811 Total Liabilities and Fund Balances $ 745,184 $ 1,82 ,161 $ 88,350 $ 315,651 G-5 REVENUE FUNDS Miscellaneous Law Court Drug Boating Special Environmental Enforcement Facility Abuse Improvement Revenue Restoration Trust Fees Trust $ 254,395 $ 86,740 $ 176,371 $ 86,29 $ 212,253 $ 26,014 1,385,088 2,031,257 1,145,913 54 ,624 1,160,300 157,989 48,476 - - - - 36 - - 12,292 15,865 10,100 4,877 10,316 1,402 1,651,775 $ 2,133,,862 $ 1,332,384 $ 683,641 $ 1,382,869 $ 185,405 $ 56,712 $ 2 ,33 $ 1,109 $ - $ 8,173 $ - - - 2,727 - 4,224 - 11,928 78,218 163 - - 36,949 - 15 - - - - - 30271 - - - - 68,640 133,887 3,999 - 12,397 36,949 - 90 - - - - 1,583,135 1,999,885 1,328,385 683,641 1,370,472 148,46 1Z583,135 1,999,975 1,328,385 683,641 1,370,472 148,456 $ 1,651,775 $ 2,1333,862 $ 1,332,384 $ 683,641 $ 1382,869 $ 185,405 (Continued) G-6 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET-CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBEIR 30, 2009 SPECIAL Marathon Bay Point Big Coppitt Key Largo Municipal Wastewater Wastewater Wastewater Service MSTU MSTU MSTU ASSETS Cash and Cash Equivalents $ 13,115 $ 14,204 $ 29,666 $ 8,241 Investments 38,024 87,898 138,109 225,693 Accounts Receivable, Net - - - - Due from Other Funds - - 500 21 Due from Other Governmental Units - - - 347 Mortgages/Notes Receivable - - - - Allow. for Mortgages/Notes Receivable - - - - Interest Receivable 822 803 11750 3,680 Total Assets $ 51,961 $ 102,905 $ 170,025 $ 237,982 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ - $ - $ - $ 194,745 Retinage Payable - - - - Accrued Wages and Benefits Payable - - 2,633 1,099 Due to Other Funds - - - 10 Due to Other Governmental Units - - - - Deposits in Escrow - - - - Deferred Revenues - - - - Total Liabilities - - 2,633 195,854 Fund Balances: Reserved for: Encumbrances - - - - Land Acquisition - - - - Mdrtgage Loans - - - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated 51,961 102,905 167,392 42,18 Total Fund Balances 51,961 102,905 167,392 42,128 Total Liabilities and Fund Balances $ 51,961 $ 102,905 $ 170,025 $ 237,982 G-7 REVENUE FUNDS Cudjoe- Lone Key, Stock Island Sugarloaf Conch Key Layton luck Key Building Wastewater MSTU MSTU MSTU MSTU Fund $ 59,352 $ 34,729 $ 594 $ 4,303 $ 14,769 $ 210,83 375,819 217,243 3,859 27,035 77,652 1,155,320 00 - - - - 3,343 1,960 32 243 860 10,163 $ 439,014 $ 253,932 $ 4,485 $ 31,581 $ 93,281 $ 1,376366 $ - $ - $ - $ - $ - $ 22,262 237 1,126 - 107 1,412 86,801 - - 32 - - - - - - 1,570 - - - - - 8,930 237 1126 32 107 1,412 119, 63 438,777 252806 4,453 31,474 91,869 1,256,803 43€3,777 252,806 4,453 31,474 91,869 1,256,803 439,014 $ 253,932 $ 4,485 $ 31,581 $ 93,281 $ 11376,366 (Continued) G-8 MONR©E COUNTY, FLORIDA COMBINING BALANCE SHEET-CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2009 SPECIAL Comprehensive Sheriff s Plan Land Sheriffs Impact Sheriff's Authority Commissary Support Off--Duty ASSETS Gash and Cash'Equivalents $ 9,200,793 $ 194,110 $ - $ - Investments - - - - Accounts Receivable, Net - 46,542 - 2,655 Due from Other Funds 263,337 1,272 - 1,954 Due from Other Governmental Units 19,066 6,134 83,740 375 Mortgages/Notes Receivable 6,740,579 - - - Allow. for Mortgages/Notes Receivable - - - - Interest Receivable - - - - Total Assets $ 16,223,775 $ 248,058 $ __83,740 $ 4,984 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ 1,250 $ 46,872 $ - $ - Retainage Payable - - - - Accrued Wages and Benefits Payable 8,881 - - - Due to Other Funds - 20,604 83,740 4,000 Due to Other Governmental Units - 1,530 - - Deposits in Escrow - - - - Deferred Revenues - - - 984 Total Liabilities 10,131 69,006 83,740 4,984 Fund Balances: Reserved for: Encumbrances - - - - Land Acquisition 2,522,915 - - - Mortgage Loans 6,740,579 - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated 6,950,150 179,052 - Total Fund Balances 16,213644 179,052 - - Total Liabilities and Fund Balances $ 16,223,775 $ 248,058 $ 83740 $ 4,984 G-9 REVENUE FUND Sheriffs Sheriffs South Florida Shared Sheriffs Sheriff s Sheriffs Sheriffs Law Enforce- Asset Federal Contract Grants Teen Court rent Trust Forfeiture Forfeiture Administrative $ - - 897,077 $ 5,054,207 $ 1,192,741 $ - 14 ,945 - 920 - - 213,697 62,889 6,480 - - - 52,368 $ 205,834 $ 61480 $ 897,997 5,054,207 1,192,741 $ 266,065 $ - - $ 10,657 $ 79,261 $ 654 $ - 198,822 6,480 - 1 1,061 - - - 157,761 - - - 198,822 6,480 168,418 79,262 1,715 - 7,012 - 729,579 4,974,945 1,191,026 266,065 7,012 729,579 4,974,945 1,191,026 266,065 $ 205,834 6,480 $ 897,997 $ 5,054,207 $ 1,192,741 $ 266,065 (Continued) G-10 MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET- CONTINUED NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2009` SPECIAL Sheriffs Sheriffs Sheriff's Sheriff s Airport Law Enforce- State Interagency Services merit Trust Forfeiture Communications ASSETS Cash and Cash Equivalents $ - $ 42,210 $ 44,062 $ 1,237,498 Investments - - - - Accounts Receivable, Net - - - - Due from Other Funds 136,918 - 46 3 ,735 Due from Other Governmental Units - - - - MortgageslNotes Receivable - - - - Allow. for Mortgages/Notes Receivable - - - - Interest Receivable - - - Total Assets $ 136,918 $ 42,210 $ 44,108 $ 1,2701233 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ - $ 36,025 $ 1,207 $ 20,833 Retainage Payable - - - - Accrued Wages and Benefits Payable - - - - Due to Other Funds 136,918 6,185 42,501 1,202 Due to Other Governmental Units - - 400 - Deposits in Escrow - - - Deferred Revenues - - - Total Liabilities 136,918 42,210 44,108 22,035 Fund Balances: Reserved for: Encumbrances - - - - Land Acquisition - - - - Mortgage Loans - - - - Debt Service - - - - Unreserved, Designated in Special Revenue Fund - - - - Unreserved, Undesignated - - - 1,248,198 Total Fund Balances - - - 1,248,198 Total Liabilities and Fund Balances $ 136,918 $ 42,210 $ 44,108 1,270,233 G-11 REVENUE FUNDS Sheriff s Sheriffs Clerk's Clerk's Sheriffs Trauma Radio Modernization Court 911 Star Communications Trust Related $ 1,580,124 $ 90,378 $ 69,030 $ 689,433 $ 769,790 85,843 - - - - - - - - 35,143 $ 1,6654967 $ 90,378 $ 69,030 $ 689,433 $ 804,933 $ 265,790 $ - $ - - $ 119,346 16,492 90,378 69,030 - 622,835 - - - - 62,752 282,282 90,378 69,030 - 804,933 1,38 ,685 - - 689,433 1,383,685 - - 689,433 - $ 1,665,967 $ 90,378 $ 69,030 $ 689,433 $ 804,933 (Continued) G-12 MONROE COUNTY, FLORID COMBINING BALANCE SHEET-CONTINUE NONMAJOR GOVERNMENTAL FUNDS S'EPTEMBER 30, 2009` DEBT FUND Supervisor's Total Nonmajor Voter Educ. & Special Revenue All Debt Equipment Funds Service Funds ASSETS Cash and Cash Equivalents $ 17,681 $ 26,557,540 269,664 Investments - 45,326,498 3,145,546 Accounts Receivable, Net - 488,884 - Due from Other Funds - 1,639,034 - Due from Other Governmental Units - 1,151,316 - MortgageslNotes Receivable - 13,849,696 - Allow. for Mortgages/Notes Receivable - (7,109,117) - Interest Receivable - 407,081 15,193 Total Assets $ 17,681 $ 821310,932 $ 3,430,403 LIABILITIES AND FUND BALANCES Liabilities: Accounts 'Payable $ - $ 2,488,585 $ - Rettoinage Payable - 29,180 - Accrued Wages and Benefits Payable - 669,62 - Due to Other Funds - 1,573,147 - Due to Other Governmental Units 287,967 - Deposits in Escrow - 3,099 - Deferred Revenues - 399,951 - Total Liabilities - 5,4511571 - Fund Balances: Reserved for: Encumbrances - 583,574 - Land Acquisition - 2,522,915 - Mortgage Loans - 6,740,579 - Debt Service - - 3,430,403 Unreserved, Designated in Special Revenue Fund - 481,37 - Unreserved, Undesignated 17,681 66,530,926 - Total Fund Balances 17,681 76,859,361 3,430,403 Total Liabilities and Fund Balances $ 171681 $ 82,310,932 $ 2,430,43 G-13 CAPITAL PROJECT FUNDS Total Clerk's Cluck Key Nonmajor Revenue Wastewater Governmental Note Project Funs $ 13,510 $ 104,174 $ 26,944,88 85,335 605,527 49,162,906 - - 488,88 112,779 1,751,813 5,815 1,157,131 - 13,849,696 - - (7,109,117) 761 5,301 4281336 $ 99,606 $ 833,596 $ 85,674,57 $ - $ 828,500 $ 3,317,085 - 29,180 - 669,642 - 1,573,147 - 287,967 - 3,099 - 399,951 - 828,500 6,280,071 - - 583,574 - 2,522,915 - 6,740,579 - 3,430,403 - 481,367 99,606 5,096 66,635,628 99,606 5,096 80,394,466 $ 991606 $ 833,596 $ 86,6741537 G-14 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 SPECIAL Tourist Tourist Affordable Development Development Housing Road & All Districts Admin & Promo Programs Bridge Two Cant Two Cent Revenues: Taxes $ - $ 1,256,384 $ 2,919,186 $ 6,049,127 Licenses and Permits - - - - Intergovernmental - 3,502,308 - - Charges for Services - 85,329 - - Fines and Forfeitures - - - - Investment Income 8,958 125,205 67,897 83,876 Miscellaneous - 71,849 873 Total Revenues 8,958 5,0 1,075 2,987,083 6,1 3,876 Expenditures: Current: General Government - - - - Public Safety - - - Physical Environment - 10,760 - - Transportation - 4,058,998 - - Economic Environment 10,374 - 3,326,111 6,749,077 Human Services - - - - Culture and Recreation - - - - Court Related - - - - Capital Projects - - - Debt Service - - - - Tctal Expenditures 10,374 4,069,758 3,326,111 6,749,077 Excess/Deficiency of Revenues Over/(Under) Expenditures �1,-4_161 971,317 3319,028 (615,201) Other Financing Sources/(Uses): Transfers from Other Funds - - 46,826 97,033 Transfers to Other Funds - (738,7391 (74,603) (124,962) Total Other Financing Sources/(Uses) - (738,739) 27,777 27,929) Net Change in Fund Balances (1,416) 232,578 (366,805) (643,130) Fund Balances-October 1 379,044 5,090,053 3,106,294 3,871, 70 Fund Balances-September 30 $ 377628 $ 5,322,631 $,_ _2,739,489 $ 3,228,240 G-15 REVENUE FUNDS Tourist Tourist Tourist Tourist Tourist Development Development Development Development Development Impact Fees, District#One District#Two District#Three District#Four District#Five Roadways $ 3,436,419 $ 317,140 $ 871,361 556,359 $ 813,287 $ - 90,408 7,552 20,153 27,629 17,597 137,361 - - - - - 119,206 3,526,827 324,692 891,514 583, 813 830,884 256,567 4,150,886 452,012 602,079 1,075,643 1,003247 - 4,150,886 452,012 602,079 1,075643 1,003,247 (624,059) (127,320) 289,435 (491,655) (172,363) 256,567 45, 31 4,705 13,909 10,386 11,504 - (45,790) 19,772w4) (11,793) (11,631), 31,972) - (559) (15,019) 2,116 (1245) (20,468) - (624,618) (142,339) 291,551 (492,900) (192,831) 256,567 3,892,930 379,533 821,216 1,294,832 868,566 6,016,760 $ 3,268,312 _$ 237,194 $ 1,112 767 $ 801,932 $ 675,735 $ 6,273,327 (Continued) G-16 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-CONTINUE NONMA t' R GOVERNMENTAL FUNDS FOR THE YEAR ENDED'SEPTEMBER 30,2009 SPECIAL Impact Fees, Parks and Impact Fees, Impact Fees, Impact Fees, Recreation Libraries Solid Waste Police Facilities Revenues. Taxes $ - $ - $ - $ - Licenses and Permits - - - - Intergovernmental - - - - Charges for Services - - - - Fins and Forfeitures - - - - Investment Income 17,559 18,114 533 1,146 Miscellaneous 40,460 38,928 9,635 19,651 Total Revenues 58,019 57,042 10,168 20,797 Expenditures: Current: General Government - - - - Public Safety - - - - Physical Environment - - - - Transportation - - - - Economic Environment - - - - Human Services - - - - Culture and Recreation 416,089 - - - Court Related - - - - Caital Projects - - - - Debt Service - - - Total Expenditures 416089 - - Excess/Deficiency of Revenues Over/(Under) Expenditures (358,070) 57,042 10,168 20,797 Other Financing Sources/(Uses): Transfers from Other Funds - - - - Transfers to Other Funds - - - - Total Other Financing Sources/(Uses) - - Net Change in Fund Balances (358070) 57,042 10,168 20,797 Fund Balances-October 1 768,374 752,910 19,793 43,04 Fund Balances-September 30 $- 410L3 $ 809,952 $ 29,961 $ 636840 G-17 REVENUE FUNDS Fire & Amb Upper Keys Uninc©rp. Unincorp. Impact Fees, District#1, Health Care Area Service Area Service Impact Fees, Employee Fair Lower and Special District, Dist-Planning Fire& EMS Share Housing Biddle Keys Taxing District Darks & Rec. Bldg. &Zoning $ - $ - 8,958,103 $ - $ 1,154,587 $ 1,334,430 38,424 - 1,691 3,720,589 244,838 - 40,965 71903 - - - 288,942 4,931 8,045 102,106 40,698 42,495 122,265 14,817 86903 1610 5,097 21,649 11,733 19,748 94,948 9,345,081 45,795 1,261,387 6,196,998 - - 162,318 - - 2,11 ,718 7,494,514 - - 1,929,094 - - - 391,198 138,724 - - - 1,321,115 - - 7,656,832 138,724 1,321,115 4,440,010 19,748 94,,948 1,688,249 (92,929) (59,728) 1,756,988 - - 790,000 - - 23,973 (1,107,808) (23,301) (202,769) (1,411,723) - - (317,808) (23,301) (202,769) (1,387,750) 19,748 94,9448 1,370,441 (116,230) (262,497)' 369,238 202,935 286994 2,551,816 1,756470 1,52,925 4,393,927 $ 222,683 $ 381,942 $ 3,922,257 1,640,240 $ 1,260,428 $ 4,763,165 (Continued) G-18 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-CONTINUED N }NMAJOR GOVERNMENTAL. FINDS FOR THE YEAR ENDED SEPTEMBER 30,2009 SPECIAL Local 911 Duck Key Housing Municipal Enhancement Security Assistance Policing Fees District Revenues; Taxes $ - $ 2,502,842 $ - $ - Licenses and Permits - - - I ntergovernmental 645,113 - - - Charges for Services - 3,052,392 561,062 - Fines and Forfeitures - - - - Investmnt Income - 51,298 3,024 7,276 Miscellaneous 147,578 - - 75,405 Total Revenues 792,691 5,606,532 564,086 82,681 Expenditures: Current: General Government - 45,0 - - Public Safety - 727,406 3,468 46,834 Physical Environment - - - - Transportation - - - - Economic Environment 898,254 - - - Human Services - - - - Culture and Recreation - - - - Court Related - - - - Capital Projects - - - - Debt Service - - - - Total Expenditures 898,254 77 ,435 3,468 46,834 Excess/Deficiency of Revenues Over/(Under) Expenditures 10 ,56), 4,834,097 560,618 35,847 Other Financing Sources/(Uses): Transfers from Other Funds - 128,963 3,986 500 Transfers to Other Funds - (5,796,952) (562,543) (1,695) Total Other Financing Sources/(Uses) (5,667,989) (558,557) (1,1951 Net Change in Fund Balances (105,563) (833,892) 2,061 34,652 Fund Balances-October 1 831,549 2,655,970 446 277,159 Fund Balances-September 30 $ 725,986 $ 1822,078 $ 2,507 $ 311,811 G-19 REVENUE FUNDS Miscellaneous Law Court Drug Boating Special Environmental Enforcement Facility Abuse improvement Revenue Restoration Trust Fees Trust 30,229 - - - - 650,507 371,813 - - 310,643 16,559 - 317,692 100,231 - - - 30,997 49,682 31,760 17,675 28,765 4,01 1,671 8,,256 - - 6,057 - 683,175 777,672 131,991 17,675 345,465 20,590 - 20,064 320,737 - 128,742 - - - 219,107 - - - - 4,314 - - -351,761 - - 140,236 - 320,737 595246 128,742 - 140,236 - 362,438 182426 3,249 17,675 205,229 20,590 - - - 48,476 - - (8 292) (378,30) - (164,024) (40,4244) (361949) (8,292) 37� - (115,548) (40,424) (36,949) 354,146 (195880) 3,249 (97,873) 164,805 (16,35 ) 1,228,989 2,195,855 1,325,136 781,514 1,205, 67 164,815 $ 1,583,135 $ 1,999975 $ 1,328, 85 $ 683,641 $ 1,370472 $ 148,4 5.6 (Continued) G-20 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND I ALANCE$-CONTINUEII NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 SPECIAL Marathon Bay Point Big Coppitt Key Largo Municipal Wastewater Wastewater Wastewater Service MSTU MSTU MSTU Revenues; Taxes $ 56 $ - $ 107 $ 708 Licenses and Permits - - - - Intergovernmental - - - - Charges for Services - - - Fines and Forfeitures - - - - Investment Income 1,105 2,381 7,507 18,775 Miscellaneous - - - Total Revenues 1,161 2,381 7,614 19,483 Expenditures Current: General Government - - - - Publio Safety - - - - Physical Environment 713 1,050 97,013 711,246 Transportation - - - - Economic Environment - - - - Human Services - - - - Culture and Recreation - - - - Court Related - - - Capital Projects - - - _ Debt Service - - - Total Expenditures 713 1,050 97,013 711,246 Excess/Deficiency of Revenues Over/(Under) Expenditures 448 1,331 (89,399) 691,763) Other Financing Sources/(Uses): Transfers from Other Funds - - 500 21 Transfers to Other Funds (2) - (1,044) (36) Total Other Financing Sources/(Uses) (2) (544 Net Change in Fund Balances 446 1,331 (89,943) (691,778) Fund Balances-October 1 51515 101,574 2.57,335 73 ,906 Fund Balances-September 30 $ 51,961 $ 102,905 167,392 $ 42,12 C-21 REVENUE FUNDS Cudjoe- Long Key, Stock Island Sugarloaf Conch Key Layton Duck Key Building Wastewater MSTU MSTU MSTU MSTU l✓und $ 463 $ - $ - $ - $ - $ - - - - - - 2,566,981 - - - - 5,848 9,742 7,244 66 794 2,780 28,405 53,748 - - - - 8,867 63,953' 7,244 66 794 2,780 2,610,101 - - - - - 2,243,314 15,570 73,957 2,805 5,621 43,674 - 15,570 73957 2805 5,621 43,674 2,243,314 48,383 (6 ,713) (2,739) (4,827) (40,894) 366,787 500 _ - _ _ - 1,000 - (33) - - - (500) - (33) - 47,883 (6 ,713) (2,772) (4827) (40,894) 366,787 390,894 319519 7,225 36,301 132,73 890,016 $ 438,777, $ 252,806 $ 4,,453 $ 31,474 $ 91,869_ $ 1,256,803 (Continued) G-22 MONROE COUNT`, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-CONTINUED NONMA OR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 SPECIAL Comprehensive Sheriffs Plan Land Sheriffs Impact Sheriffs Authority Commissary Support Off-Duty Revenues: Taxes $ - $ - $ - $ Licenses and Permits - - - - Intergovrnmental 2,706,275 - 174,339 180,716 Charges for Services - 380,814 - 58,581 Fines and Forfeitures - - - - Investment Income - 1,012 - - Miscellaneous 994- 17,725 - - Total Revenues 2,707 269 399,551 174,339 239,297 Expenditures: Current: General Government 2,500,882 - - - Public Safety - 755,056 174,339 29,297 Physical Environment - - - - Transportation - - - - Economic Environment - - - - Human Services - - - - Culture and Recreation - - - - Court Related - - - - Capital Projects - - - - Debt Service - - - Total Expenditures 2,500882 755,056 174,39 239,297 Excess/Deficiency of Revenues Over/(Under) Expenditures 206,387 (355,505); _ - - Other Financing Sources/(Uses): Transfers from Other Funds 14,407 2,440 - - Transfers to Other Funds - - - Total Other Financing Sources/(Uses) 14,407 2,440 - Net Change In Fund Balances 220,794 (353,065) - - Fund Balances-October 1 15,992850' 532,117 - - Fund Balances-September 30 $ 164213644 $ 179,052 $ - $ G-23 REVENUE FUNS Sheriffs Sheriffs South Florida Shared Sheriffs Sheriffs Sheriffs Sheriffs Law Enforce- Asset Federal Contract Grants Teen Court m nt Trust Forfeiture Forfeiture Administrative 1,43 ,931 - 77,005 - 159,000 - - 68,430 - - - 762,506 2,027 - 3,740 227,412 3,195 227 11438,958 68,430 80,745 227,412 162,195 762,733 1,274,246 93,309 518,229 156,782 108,722 638,079 1,274,246 93,309 518,229 156,782 108,722 638,079 164,712 (24,879), (437,484) 70,630 53,473 124,654 276,795 24,879 _ - - - - - - (4,005) - 276,795 24,879' - - 4 005) - 441,507 - (437,484) 70,630 49,468 124,654 (434,495) - 1,167063 4,90415 1,141,558 141,411 729579 4,974,945 $ 1,191,026 $ 266,065 (Continued) G-24 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES'-CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 SPECIAL Sheriffs Sheriffs Sheriffs Sheriffs Airport Law Enforce- State Interagency Services ment Trust Forfeiture Communications Revenues: Taxes $ - $ - $ - $ - Licenses and Permits - - - - Intergovernmental - - - - Charges for Services 1,745,762 - - 63,498 Fines and Forfeitures - - 58,511 - Investment Income - - 129 4,312 Miscellaneous - - 7,025 329,916 Total Revenues 1,745762 - 65,665 397,726 Expenditures: Current: General Government - - - - Public Safety 1,745,762 155,609 23,164 681,540 Physical Environment - - - - Transportation - - - - Economic Environment - - - H'uman Services - - - - Culture and Recreation - - - Court Related - - - - Capital Projects - - - - Debt Service - - - - Total Expenditures 1,745 762 155,609 23,164 681,540 Excess/Deficiency of Revenues Over/(Under) Expenditures - (155,609) 42,501 (283,814) Other Financing Sources/(Uses): Transfers from Other Funds - 158,049 - 173,924 Transfers to Other Funds - 2,440 (42,501) - Total Other Financing Sources/(Uses) - 155,609 (42,501) 173,924 Net Change in Fund Balances - - - (109,890) Fund Balances-October 1 - _ 1,358,088 Fund Balances-September 30 $ - $ - $ - $ 1,248,198 G-25 REVENUE FUNDS Sheriffs Sheriffs Clerk's Clerk's Sheriffs Trauma Radio Modernization Court 911 Star Communications Trust Related - 1,451,232 223,024 1,467116 - - - 56,857 783,072 11,307 - - 1,331 258 11,307 - - 281,212 3,701,678 572,200 1,171,336 359,605 - - 223,542 3,755,017 572,200 1,171,336 359,605 223,542 3,755,017 _(560,893) 1,171,336) 3�60, 5) 57,670 (53,339) 558,557 1,171,336 359,605 - 676,174 - - - (622,835) 558,557 1,171,336 359,605 - 53,339 (2,336) - - 57,670 - 1,386,021 - - 631,763 ^ $ 1,383,685 $ - $ - 689,433 $ - (Continued) G-26 MOINROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-CONTINUED NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 DEBT FUND Supervisor's Total Nonmajor Voter Educ. & Special Revenue All Debt Equipment Funds Service Funds Revenues; Taxes $ - $ 30,170,559 $ Licenses and Permits - 2,597,210 - Intergovernmental - 14,093,623 209,620 Charges for Services - 10,828,726 - Fines and Forfeitures - 1,605,305 - Investment Income 19 1,502,804 136,006 Miscellaneous - 1,099,653 - Total Revenues 19 61,897,880 345,626 Expenditures: Current: General Government - 4,827,947 - Public Safety - 21,11,969 - Physical Environment - 1,803,086 - Transportation - 4,058,998 - Economic Environment - 18,267,683 - H'uman Services - 357,831 - Culture and Recreation - 1,741,518 - Court Related - 4,470,556 Capital Projects - - - Debt Service - - 7,036,249 Total Expenditures 56,659,588 7,06,249 Excess/Deficiency of Revenues Over/(Under) Expenditures 19 5,238,292 6,690,62 Other Financing Sources/(Uses): Transfers from Other Funds - 4,642,679 6,114,000 Transfers to Other Funds - (11,467,896) - Total Other Financing Sources/(Uses) - (6,825,2171 6,114,000 Net Change in Fund Balances 19 (1,586,925) (576,623) Fund Balances-October 1 17,662 78,446,286 4,007,026 Fund Balances-September 30 17,681 $ 76,859,361 3,4301403 G-27 CAPITAL PROJECT FUNDS Total Clerk's Duck Key N©nmajorr Revenue Wastewater Governmental Norte Project Funds $ - - $ 30,170,559 2,597,210 15,647 14,318,890 - 10,828,726 - - 1,605,305 2,378 14,772 1,655,960 - 138,105 1,237,758 2,378 168,524 62,414,408 - - 4,827,947 - 21,131,969 - 1,803,086 - - 4,058,998 - - 18,267,683 - - 357,831 - - 1,741,518 - - 4,470,556 - 88,091 88,091 7,036,249 - 88,091 63,783,928 2,378 80,433 (1,369,520) - - 10,756,679 - - (11,467,896) (711,217) 2,378 80,433 (2,080,737) 97,228 (75,337) 82,475,203 $ 99,606 $ 5,096 $ 80,394,466 G-28 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. AFFORDABLE HOUSING PROGRAMS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 10,000 $ 10,000 $ 8,,958 $ (1,04 EXPENDITURES: Current: Economic Environment: Affordable Housing Initiatives 294,423 294,423 10,374 284,049 Excess/Deficiency of Revenues Overl(Under) Expenditures (284,423) (284,423) 11416 283,007 Other Financing Sources/(Uses): Reserve for Contingencies (73,606) 73,606 - 73,606 Net Change in Fund Balances (358,029) (358,029) (1,416) 356,613 Fund Balances, October 1 358,029 358,029 379,044 21,015 Fund Balances, September 30 $ - - $ 377,628 $ 377,628 G-29 M©NROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES - BUDGET AND ACTUAL ROAD AND BRIDGE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budd Actual (Negative) Revenues: Taxes $ 1,338,003 $ 1,38,003 $ 1,256,384 $ (81,619) Intergovernmental 3,349,999 3,367,499 3,502,308 134,809 Charges for Services 4,000 4,000 85,329 81,329 Investment Income 100,000 100,000 125,205 25,205 Miscellaneous 56,002; 56,002 71,849 15,847 Total Revenues 4,848,004 4,865,504 5,041,075 175,571 Expenditures: Physical Environment Key Deer Blvd'Stmwtr Grant - 17,500 10,760 6,740 Transportation:: Read Department 2,556,988 2,556,988 2,282,41 274,557 County Engineer Road and Bridge 575,060 575,060 414,233 160,827 Street Lighting 253,657 253,657 226,709 26,948 Local Option Gas Tax Projects 250,000 250,000 120,086 129,914 80% Gas Tax 534,687 958,347 507,276 451,071 Islamorada Roads 968,946 543,946 508,263 35,683 Total Transportation 5,139,338 5,137,998 4,058,998 1,079,000 Total Expenditures 5,139,338 5,155,498 4,069,758 1,085,740 Excess/Deficiency of Revenues ©ved(Under) Expenditures (291,334) (289,994) 971,317 1,261,311 Other Financing Sources/(Uses): Reserve for Contingencies (500,000) (500,000) - 500,000 Transfers from Other Funds - 1,660 - (1,660) Transfers to Other Funds 795,6� (798,666) _ (738,739) 59,927 Total Other Financing Sources/(Uses) 1,295,666 (1,297,006) (738,739) 558,267 Net Change in Fund Balances (1,587,000) (1,587,000) 232,578 1,819,578 Fund Balances, October 1 1,587,000 1,587,000 5,090,053 3,503,053 Fund Balances, September 30 $ - $ - $ 5,322,631 $ 5,322,631 G-30 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL TOURIST DEVELOPMENT, ALL DISTRICTS',TWO CENT SPECIAL. REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES. Taxes $ 3,274,000 $ 3,274,000 $ 2,919,186 $ (354,814) Investment Income - - 67,897 67,897 Total Revenues 3,274,000 3,274,000 2,987,083 286,91`7 EXPENDITURES: Current. Economic Environment; Cultural Umbrella 792,800 792,800 545,803 246,997 Fishing Umbrella 796,300 796,300 580,218 216,082 Dive Umbrella 450,000 450,000 440,812 9,188 Operations -Events 1,570,755 1,570,755 1,283,148 287,607 Catastrophic Emergency 857,833 857,833 - 857,833 Special Projects 829,630 829,630 476,130 353,500 Total Expenditures 5,297318 5,2,97,318 3,326,111 1, 71,207 Excess/Deficiency of Revenues Over/(Under) Expenditures (2,023,318) (2,023,318) (339,028) 1,684,290 Other Financing Sourcest(Uses): Transfers from Other Funds - - 46826 46,826 Transfers to Other Funds _ (158,732) (158,7321 (74,603) 84,129 Total Other Financing Sources/Uses (158,732) (158,732) (27,777) 130,955 Net Change in Fund Balances (2,182,050) (2,182,050) (366,805) 1,815,245 Fund Balances, October 1 2,182 050 2,182,050 3,106,294 924,244 Fund Balances, September 30 - $ - $ 2,739,489 $ 2,739,489 G-31 MONRtOE COUNTY, FLORIDA 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, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 6,410,000 $ 6,410,000 $ 6,049,127 $ (360,873) Investment Income - - 83,876 83,876 Miscellaneous - - 873 873 Total Revenues 6,410,000 6,410,000 6,133,876 (276,124) EXPENDITURES: Current: Economic Environment: Advertising and Promotion 4,744,202 4,971,182 4,642,331 328,851 Administrative Services 764,684 764,684 695,090 69,594 Catastrophic Emergency 1,442,400 1,215,420 - 1,215,420 Special Projects 1,834,386 1,834,386 1,411,656 422,730 Total Expenditures 8,785,672 8,785,672 6,749077 2,036,595 Excess/Deficiency of Revenues Over/(Under) Expenditures (2,375,672) (2,375,672) (615 2011 1,760,471 Other Financing Sources/(Uses). Transfers from Other Funds - - 97,033 97,033 Transfers to Other Funds (222,1941 (222,194) (124,962) 97,232 Total tither Financing Sources/Uses (222,194) (222,194) (27 929) 194,265 Net Change in Fund Balances (2,597,866) (2,597,866) (643,130) 1,954,736 Fund Balances, October 1 2,597 866 2,597,866 3,87`1,370 1,273,504 Fund Balances, September 34 - - 3,228,240 $ 3,228,240 G-32 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#ONE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 2,541,000 $ 2,541,000 $ 3,436,419 $ 895,419 Investment Income - - 90,408 90,40 Total Revenues 2,541,000 2,541,000 3,526,827 985,827 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 1,165218 1,265,218 1,254,758 10,460 Administrative Services 101,291 101,21 79,048 22,243 Catastrophic Emergency 226,748 126,748 - 126,748 Special Events 135,906 135,906 2,000 133,90 Bricks and Mortar 3,229,074 3,229,074 2,498,365 730,709 Information Services 302,350 302,350 302,250 100 Beaches 343,450 343,450 14,465 328,985 Total Expenditures 5,504,037 5,504,037 4,150,886 1,353,151 Excess/Deficiency of Revenues Over/(Under) Expenditures (2,963,037) (2,963,037) (624,059) 2,338,97 Other Financing Sources/(Uses): Transfers from Gather Funds - - 45,231 45,231 Transfers to Other Funds (811005) (81,005) (45,790) 35,215 Total tither Financing Sources/(loses) (81, 05) (81,005) (559) 80,446 Net Change in Fund Balances (3,044,04 ) (3,044,042) (624,618) 2,419,424 Fund Balances, October t 3,044,042 3,044,042 3,892 930 848,88 Fund Balances, September 30 $ - $ - $ 3,268,312 $ 3,268,312 G-33 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#TWO SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 270,000 $ 270,O00 $ 317,140 $ 47,140 Investment Income - 7,552 7,552 Total Revenues 270,000 270,000 324,692 54,692 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 251,025 284,418 284,138 280 Administrative Services 12,309 12,309 9,957 2,352 Catastrophic Emergency 33,393 - - - Bricks and Mortar 207,365 1`99,684 81,917 117,77 Information Services 76,000 76,000 76,000 - Total Expenditures 580,092 572,411 452,012 . 120,399 Excess/Deficiency of Revenues Overt(Under) Expenditures 310,092� ( 02,4_11) 27,3320) 175,091 Other Financing Sources/(Uses): Transfers from Other Funds - - 4,705 4,705 Transfers to Other Funds (12,043) (19,724) (19,724) - Total Other Financing Sourcest(Uses) (12,043) (19,724) (15,019) 4,705 Net Change in Fund Balances (322,135) (322,135) (142,339) 179,796 Fund'Balances, October 1 322,135 322,135 379,533 57,398 Fund Balances, September30 $ - $ 237,194 $ 237,194 G-34 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT#THREE SPECIAL. REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30 2009 Variance with Final Budget {original Final Positive Budget Budget Actual (Negative) REVENUES; Taxes $ 652,000 $ 652,000 $ 871,361 $ 219,361 Investment Income - - 20,153 20,153 Total Revenues 652,000 652,000 891,514 239,514 EXPENDITURES: C urrent; Economic Environment: Advertising and Promotion 17 ,741 282,741 263,925 18,816 Administrative Services 28,494 28,494 22,904 5,590 Special Events 116,653 116,653 30,130 86,523 Bricks and Mortar 675,654 567,654 165,120 402,534 Information Services 120,000 120,000 120,000 - Total Expenditures 1,115,542 1,115,542 602,079 513,463 Excess/Deficiency of Revenues Over/(Under) Expenditures (463,542) (463,542) 289,435 752,977 Other Financing Sourcesl(Uses): Transfers from Other Funds - - 13,909 13,909 Transfers to Other Funds �211053) (21,053) (11_.93). 9,260 Total Other Financing Sources/(Uses) (21,053) (21,053) 2,116 23,169 Net Change in Fund Balances (484,595) (484,595) 291,551 776,146 Fund Balances, October 1' 484,595 484,595 821,216 336,621 Fund Balances, September 30 $ $ - $ 1,112 767 $ 1,112,767 G-35 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT WOUR SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 622,000 $ 622,000 $ 556,359 $ (65,641) Investment Income - - 27,629 27,629 Total Revenues 622,000 622,000 583,988 (38,012) EXPENDITURES: Current: Economic Environment Advertising and Promotion 655,016 869,416 856,888 12,528 Administrative Services 34, 10 34,810 18,162 16,648 Catastrophic Emergency 80,782 - - Special Events 263,418 129,800 69,775 60,025 Bricks and Mortar 469,489 469,489 20,818 448,671 Information Services 110,000 110,000 110,000 - Total Expenditures 14613,515 1,613,515 1,075643 537,872 Excess/Deficiency of Revenues Overt(Under) Expenditures (991,515) (991,5,15) �491 655) 499,860 Other Financing Sourcest(Uses): Transfers from Other Funds - - 10,386 10,386 Transfers to Other Funds (20, 30 20( ,330) (11,631 8,699 Total tither Financing Sources/(Uses) (20,330) ( 0,33 ) (1,245) 19,08 Net Change in Fund Balances (1,011,845) (1,011,84 ) (492,900) 518,945 Fund Balances, October 1 1,011,845 1,011,845 1,294,832 282,987 Fund Balances, September 30 - $ 801,932 $ 801,932 G-36 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL TOURIST DEVELOPMENT, DISTRICT'#FIVE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative} REVENUES: Taxes $ 676,000 $ 676,000 $ 813,287 $ 137,287 Investment Income - - 17,597 17,597 Total Revenues 676,000 676,000 830,884 154,88 EXPENDITURES: Current: Economic Environment: Advertising and Promotion 572,357 649,702 638,786 10,916 Administrative Services 30,616 30,616 22,901 7,715 Information Services 125,000 125,000 125,000 - Catastrophic Emergency 58,845 - Special Events 95,388 76,888 59,300 17,588 Bricks and Mortar 530,273 519,937 157,260 362,677 Total Expenditures 1,412,479 1,402,143 1,003,247 398,89 Excess/Deficiency of Revenues Overt(Under) Expenditures (736,479) (726,143) (172,363) 553,780 Other Financing Sources/(Uses): Transfers from Other Funds - - 11,504 11,504 Transfers to Other Funds (21,636) 31,972; _.... 31,9 - Total Other Financing Sources/(Uses) (21,636) (31,972) �20,468) 11,504 Net Change in Fund Balances (758,115) (758,115) (192,831) 565,284 Fund Balances, October 1 758,115 758,115 868,566 110,451 Fund Balances, September 30 $ - $ $ 675,735 $ 675,735 G-37 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - ROADWAYS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 102,800 $ 102,800 $ 137,361 $ 34,561 Miscellaneous 70,000 70,000 119,206 49,206 Total Revenues 172, 00 172,800 256,567 834767 EXPENDITURES: Current: Transportation: Fair Share Improvement County Wide 451,278 451,278 - 451,278 Fair Share Improvement Dist 1 414,258 414,258 - 414,258 Fair Share Improvement Dist 2 622,253 622,253 - 622,253 Fair Share Improvement Dist 3 3,578,312 1,778,312 - 1,778,312 Fair Share Improve Key Colony Beach 37,329 37,329 - 37,329 Truman Bridge Ped' Bridge 430,000 430,000 - 430,000 C905/Card Sound Road Intersection - 1,800,000 - 1,800,000 Total`Expenditures 5,533,430 5,533,430 5,533,430 Excess/Deficiency of Revenues Over/{Under} Expenditures _ (5,360,630) (5,360,630) 256,567 5,617,,197 Other Financing Sources/(Uses): Transfers to Other Funds (8'0 0) (8,000) - 8,000 Net Change In Fund Balances (5,368,630) (5,368,630) 256,567 5,625,197 Fund Balances, October 1 5,368,630 5,368,630 6,016,760 648,130 Fund Balances, September 30 $ $ - $ 6,27327 $ 6,273,327 G-38 MON'ROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 200 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income 19,000 $ 19,000 $ 17,559 (1,441) Miscellaneous 25,500 25,500 40,460 14,969 Total Revenues 44,560 44,540 58,019 13,519 EXPENDITURES: Current: Culture and Recreation: District 1 Projects 99,795 99,795 - 99,795 District 2 Projects 246,327 246,327 - 246,327 District 3 Projects 416,089 - - - MEN Govt & Cultural Center Park - 416,089 416,089 - Total Expenditures 762,211 762,211 416,089 346,122 Excess/Deficiency of Revenues Over/(Under) Expenditures (717,711 �717,711Z (358,070) 359,641 Other Financing Sources/(Uses): Transfers to Other Funds 1,125 1,125 - 1,125 Net Change in Fund Balances (718,836) (718,83 ) (358,070) 360,766 Fund Balances, October 1 718,836 718,836 768374 49,538 Fund Balances, September 30 $ - $ 416,304 $ 410,304 G-39 MONROE COUNTY, FLORIDA- SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL IMPACT FEES - LIBRARIES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final'Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 15,000 $ 15,000 $ 18,114 3,114 Miscellaneous 20,000 20,000 38,928 18,928 Total Revenues 35,000 35,000 57,042 22,042 EXPENDITURES: Current: Culture and Recreation: County Wide Library Projects 739,469 739,469 - 739,469 Excesstdeficiency of Revenues Over/(Unde() Expenditures (704,469) (704,469) 57,042 761,511 Other Financing ourcesl(Uses): Transfers to Other Funds 1,280) (1,280) - 1,280 Net Change in Fund Balances (705,749) (705,749) 57,042 762,791 Fund Balances, October 1 705,749 705,749 752,910 47,161 Fund Balances, September 30 $ - $ - $,. 809,952 $ 809,952 G-40 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL IMPACT FEES -SOLID WASTE SPECIAL REVENUE FUND FOR THE YEAR ENDED S►EPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income* $ 400 $ 400 $ 533 $ 133 Miscellaneous 8,500 8,500 9635 1,135 Total Revenues 8,900 8,900 10,168 1,268 EXPENDITURES: Current: Physical Environment: County Wide Solid Waste Projects 21,383 21,383 - 21,383 Excess/Deficiency of Revenues Over/(Under) Expenditures (12,483} 2,483) 10,168 224651 Other Financing Sources/(Uses): Transfers to Other Funds (2,088) (2,088) - 2,088 Net Change in Fund Balances (14,571) (14,571) 10,168 24,739 Fund Balances, October 1 14,571 14,571 19,79 5,222 Fund Balances, September 30 $ - $ - $ 29,961 $ 29,961 G-41 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. IMPACT FEES- POLICE FACILITIES SPECIAL REVENUE FUND FOR.THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Budget; Budget Actual (Negative) REVENUES: Investment Income $ 1,000 1,000 $ 1,146 $ 14 Miscellaneous 20,000 20,000 19,651 (34 ) Total Revenues 21,000 21,O00 20,797 (203) EXPENDITURES: Current: Public Safety; County Wide Police Facility 51,234 51,234 - 51,234 Excess/Deficiency of Revenues Over/(Under) Expenditures (30,234} (30,234) 20,797 51,031 Other Financing Sourcest(U es): Transfers to father Funds (2,633) (2,833) - 2,833 Net Change in Fund Balances (33,067) (33,067) 20,797 53,864 Fund Balances, October 1 33,067 33,067 43,043 9,976 Fund Balances, September 30 $ - - $ 63,840 $ 63,840 G-42 M©NR©E COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL IMPACT FEES - FIRE AND EMS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final' Budget Original Final Positive Budget, Budget Actual (Negative) REVENUES: Investment Income $ 5,200 $ 5,200 $ 4,931 $ (269) Miscellaneous 13,105 13,105 14,617 1,712 Total Revenues 18,305 18,305 19,746 1,443 EXPENDITURES: Current: Public Safety: District 1 Fire & EMS Project 63,378 63,378 - 63, 78 District 2 Fire & EMS Project 4,467 4,467 - 4,467 District 3 Fire& EMS Project 112,768 112,768 - 112,768 Key Colony Beach Fire &`EMS 21183 21,83 - 21,833 Total' Expenditures 202,446 202,446 - 202,446 Excess/Deficiency of Revenues Over/(Under) Expenditures (184,,1412 184414a 19,748 203,889 Other Financing:Sources/(Uses): Transfers to Other Funds (2,8162 (2,816) - 2,816 Net Change In Fund Balances (186,957) (186,957) 19,748 206,705 Fund Balances, October 1 186,957 186,957 202,935 15,978 Fund'Balances, September 30 $ - $ - $ 222,683 $ 222,683 G-43 MONROE COUNTY, FLORID►A 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 SEPTE IBE t 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES Investment Income $ - $ - $ 8,045 $ 8,045 Miscellaneous 131000 13,000 86,903 73,903 Total Revenues 13,000 13,000 94948 81,94 EXPENDITURES. Current. Economic Environment: District 1 Employee Fair Share Hsg 7,600 7,600 - 7,600 District 3 Employee Fair Share Hsg 4,750 4,750 4,750 Total Expenditures 12,350 12,350 - 12,350 Excess/Deficiency of Revenues Overf(Under) Expenditures 650 650 94,,948 94,29 Other Financing Sources/(Uses); Reserve for Contingencies (211,933) (211,933) - 211,933 Net Change in Fund Balances (211,283) (211,283) 94,948 306,231 Fund Balances, October 1 211,283 211,283 286,994 75,711 Fund Balances, September 30 $ - $ - $ 381,942 $ 381,942 G-44 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#1 - LOWER AND MUDDLE KEYS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes 9,453,729 $ 9,453,729 $ 8,958,103 $ (495,626) Intergovernmental 33,500 33,500 38424 4,924 Charges for Services 360,000 360,000 24488 (115,162) Investment Income 80,000 80,000 102,106 22,106 Miscellaneous 140 140 1 610 1,470 Total"Revenues 9,927, 69 9,927,369 9,345,081 (582,288) EXPENDITURES: Current: General Government: Property Appraiser 119,378» 162, 18 162,318 - Public Safety: Fire Rescue- Central 2,524,485 2,524,485 1,900,356 624,129 SAFER Program 1,161,810 1,161,810 1,071,291 90,519 Lower& Middle Keys Ambulance Dist 4,719,720 4,719,720 4,522,867 196,85 Total`Public Safety 8,406,015 8,406,015 7,494,514 911,501 Excess/Deficiency of Revenues Over/(Under) Expenditures 1,401,976 1,359,036 1,688,249 329,213 Other Financing Sources/(Uses); Reserve for Contingencies (1,900,000) (1,533,738) - 1,533,738 Transfers from Other Funds 683,100 683,100 790,000 106,900 Transfers to Other Funds (850,000) (1,173,322) (1,107,808) 65,514 Total Other Financing: Sources/(Uses) (_066,900) a (2,023,960) 317,808) 1,706,152 Net Change In Fund Balances (664,924) (664,924) 1,370,441 2,035,365 Fund Balances, October 1 664,924 664,924 2,551„816 1,886,89 Fund Balances, September 30 $ $ - $ 3,922 257 $ 3,922,257 G-45 a . MONROE'COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBE'R 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 60,000 60,000 $ 40,698 $ (19,302) Miscellaneous - 5,097 5,097 Total Revenues 60,000 60,000 45,795 (14,205) EXPENDITURES: Current Human Services: Trauma District Administration 196,115 196,115 79,754 116,361 Trauma Transportation and Treatment 200,000 200,000 58780 141,220 Trauma Pretransportation 2,000 2,000 190 1,810 Trauma Facility Upgrade 100 100 - 100 Total Human Services 398,215 398,215 138,724 259,491 Excess/Deficiency of Revenues Over/(Under) Expenditures (338,215) (338,215) 922,929) 245,286 Other Financing Sources/(Uses): Reserve for Contingencies (97,483) (97,483) - 97,483 Transfers to Other Funds (28,100) (28,100) (23,301) 4,799 Total Other Financing Sources/(Uses) (125,583) 125,583- 23,301; 102,282 Net Change in Fund Balances (463,798) (463,798) (116,230) 347,568 Fund Balances, October 1 463,798 463,798 1,756,470 1,292,672 Fund Balances, September 30 $ - $ - $ 1,640,240 $ 1,640,240 G-46 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRACT- PARK$AND RECREATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 1,207,056 1,207,056 1,154,587 $ (52,469) Intergovernmental - - 1,691 1,691 Charges for Services 55,000 55,000 40,965 (14,035) Investment Income 55,000 55,000 42,49 (12,505) Miscellaneous 24,000 24,000 21,649 2,35') Total Revenues 1,341,056 1,341,056 1,26 387 (79,669) EXPENDITURES: Current: Culture and Recreation: Parks & Beaches Unincorporated 1,347,496 1,236,537 1,107,574 128,963 Jacob's Aquatic Center 180,000 180,000 180,000 - School Board Interlocal 40,000 40,000 3541 6,459 Total Expenditures 1,567,49e 1,456,537 1,321J15 135,42 Excess/Deficiency of Revenues Over/(Under) Expenditures 2226,4401 115,48 59( 9,728) 55,753 Other Financing Sources/(Uses): Reserve for Contingencies (303,696) (303,696) - 303,696 Transfers to Other Funds 9 ,0451 4,0 (202,769) 1,235 Total Other Financing Sources/(Uses) (396,741) (507,700) �202 769) 304,931 Net Change In Fund Balances (623,181) (623,18`1) (262,497) 360,68 Fund Balances, October 1 623,181 623,181 1,522,925 899,744 Fund Balances, September 30 $ - $ - $ 1,260 428 $ 1,260,428 G-47 MONROE COUNTY, FLORIDA UNINCORPORATED AREA SERVICE DISTRICT - PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND' SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES • BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES; Takes 1,259,470 $ 1,259,470 $ 1,334,430 $ 74,960 1ntergovemmental 4,000.000 4,000,000 3,720,589 (279,411) Charges for Services 643,818 644,933 719,039 74,106 Fines and Forfeitures 90,000 90,000 288,942 198,942 Investment Income 100,000 100,000 122,265 22,265 Miscellaneous 30,000 30,000 11,733 (18,267) Total Revenues 6,123,288 6,124,403 6,196,998 72,595 Expenditures: Current: General Government: Property Appraiser Fees 32,57 32,557 30,554 2,003 Growth Mgmt County Attorney 467,877 364,925 364141 784 Planning Department 1,149,516 911,744 899,236 12,508 2010 Comprehensive Plan 358,400 206,463 46,046 160,417 G I S 314,133 281,093 232,760 48,333 Planning Commission 100,541 91,196 84,699 6,497 Growth Mgmt Administration 916,526 816,526 458,495 358,031 Planning;and Building Refunds 2,000 10,136 3„787 6,349 Total General Government 3,341,550 2,714,640 2,119,718 594,922 Public Safety: Cods Enforcement 1,009,885 1,052,885 1,049,351 3,534 Fire & Rescue Coordinator 669,010 614,488 590,605 23,883 Fire Marshall 298,617 295,184 289,138_ 6,046 Total Public Safety 1,977,512 1,962,557 1,929,094 33,463 Physical Environment: Pump-Out Vessel 68,587 72,702 70,251 2,451 Environmental Resources 299,302 294,435 269,072 25,363 Marine Resources 55,051 55,051 51,875 3,176' Total Physical Environment 422,940 422,188 391,198 30,990 Total Expenditures 5,742,002 5,099,385 4,440,010 659,375 Excess/Deficiency of Revenues Over/(Under) Expenditures 381,286 1,025,018 1,756 988 731,970 (Continued) G-48 MONROE COUNTY, FLORIDA UNINCORPORATED AREA SERVICE DISTRICT- PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 2089 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Other Financing Sources/(Uses); Reserve for Contingencies (660,776) (610,776) - 610,776 Transfers from Other Funds - - 23973 23,973 Transfers to Other Funds (76 ,771) 1,455,503) (1,411,723), 43,78 Total Other Financing Sources/(Uses) (1,422,547) (2,066,279) (1,387,750) 678,529 Net Change in Fund Balances (`1,041,261) (1,041,261) 369238 1,410,499 Fund Balances, October 1,041, 61 1,0 1,261 4,393,927 3,352,666 Fund Balances, September 30 $ - - $ 4,763 165 $ 4,763,165 G-49 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LOCAL HOUSING ASSISTANCE FOR THE YEAR ENDED SEPTTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 703,295 $ 703,295 $ 645,113 $ (58,182) Investment Income 128,770 128,770 - (128,770) Miscellaneous 355,000 355,000 147,578 (207,422) Total Revenues 1,187,065 1,187,065 792,691 (394,374) EXPENDITURES: Current: Economic Environment: Down Prnt,Wastewater,Rehab 08 505,696 505,696 192,349 313,347 Down Pymt,Wastewater,Rehab 09 721,046 721,046 401,749 319,297 Rental Rehab 09 357,000 357,000 164,400 192,600 SHIP Fair Housing 07 5,000 5,000 - 5,000 SHIP Fair Housing 08 5,000 5,000 - 5,000 SHIP Fair Housing 09 5,000 5,000 - 5,000 Administration 07 79,756 79,756 79,756 - Administration 08 127,505 127,505 60,000 67,505 Administration 09 94,019 94,019 - 94,019 Total Expenditures 1,900,022 1,900,022 898,254 1,061,76 Excess/Deficiency of Revenues Over/(Under) Expenditures �(712,957) 712,957 (105,563) 607,394 Other Financing Sources/(Uses): Reserve for Contingencies `30,000 (30,000) - 30,000 Total Other Financing Sources/(Uses) (30,000) (30,000) - 30,000 Net Change in Fund Balances (742,957) (742,957) (105,563) 637,394 Fund Balances, October 1 742,957 742,957 831,549 88,592 Fund Balances, September 30 $ - $ - $ 725,986 $ 725,986 G-50 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL MUNICIPAL POLICING SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 2,633,605 $ 2,633,605 $ 2,50 ,842 $ (130,763) Charges for Services 3,000,000 3,000,000 3,052,392 52,392 Investment Income 50,000 50,000 51,298 1,298 Miscellaneous - 98 - 9( 8 Total Revenues 5,683,605 5,684,590 5,606,532 (78,058) EXPENDITURES: Current: General Government Property Appraiser 68,005 68,005 45,029 22,976 Public Safety: Insurance Unincorporated & Layton 422,436 422,436 397,397 25,039 Insurance Islamoreda 179,438 179,438 170,869 8,569' Insurance Marathon 173,411 173,411 159,140 14,271 Total Public Safety 775, 85 775,285 727406 47,87 Total Expenditures 843,290 843,290 77 ,435 70,855 Excess/Deficiency of Revenues Overl(Under) Expenditures 4,840,315 4,841,300 4,834 097 7,203 Other Financing Sourcesf(Uses): Reserve for Contingencies (775000) (773,440) - 773,440 Transfers from Other Funds 60,000 60,000 128,963 68,963 Transfers to Other Funds J5,864,660) (5,867,205) (5,796,952) 70,253 Total Other Financing Sources/(Uses) (6,579,660) (6,580,645) (5,667,989) 912,656 Net Change in Fund Balances (1,739,345) (1,739,345) (833,892) 905,453 Fund Balances, October 1 1,739,345 1739,345 2,655970 916,625 Fund Balances, September 30 $ - $ - $ 1,822,078 $ 1,822,078 G-51 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL 911 ENHANCEMENT FEES SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 464,000 $ 865,000 $ 561,062 $ (303,938) Investment Income 1,000 1,000 3,024 2,024 Total Revenues 465,000 866,000 564,086 . (301,9.1„4) EXPENDITURES' Current: Public Safety: 911 Enhancement Fund 1,974 1,974 1,974 - 911 Wireless 1494 1,494 1,494 - Total Expenditures 3468 3,468 3,468 - Excess/Deficiency of Revenues Over/(Under) Expenditures 461,532 862,532 560,618 (301,914 Other Financing Sources/(Uses): Transfers from Other Funds - - 3,986 3,986 Transfers to Other Funds (438,282) (839,282) (562,543) 276,739 Total Other Financing Sources/(Uses) (438,282) (839,282) (55BZ5571 280,725 Net Change In Fund Balances 23,250 23,250 2,061 (21,189) Fund Balances, October 1 (23 250) (23,250) 446 23,696 Fund Balances, September 30 $ $ - 2507 $ 2,50 G-52 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL DUCK KEY SECURITY DISTRICT SPECIAL REVENUEFUND FOR THE YEAR ENDED S►EPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget t Actual (Negative) REVENUES: _. Investment Income $ 3,000 $ 3,000 $ 7,276 $ 4,276 Miscellaneous 741000 74,000 75,405 1,405 Total Revenues 77�000 77,000 82,681 5,681 EXPENDITURES: Current Public Safety: Island Security 159,327 159,327 46,834 112,493 Excess/Deficiency of Revenues Over/(Under) Expenditures (88^2,.327),_ (82,327} 35,847 118,174 Other Financing Sourcesl(Uses): Reserve for Contingencies (42,332) (42,332) - 42,332 Transfers from Other Funds - - 500 500 Transfers to Other Funds (10,000) (10,000) (1,695) 8,305 Total Other Financing Sources/(Uses) - (52,332) (52,332} (11195) 51,137 Net Change in Fund Balances (134,659) (1°34,659) 34,652 169,311 Fund Balances, October 1 134,659 134,659 277159 142,500 Fund Balances, September 30 $ - $ - $ 311,811 $ 311,811 G-53 MO ROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL BOATING IMPROVEMENT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Bud0et Budget Actual (Negative) REVENUES. Charges for Services $ 460,000 $ 460,000 $ 650,507 $ 190,507 Investment Income 20,000 20,000 30,997 10,997 Miscellaneous - 1,671 1,671 Total Revenues 480,000 480,000 683,175 203,175 EXPENDITURES: Current•. Physical Environment: Boating Improvement 800,000 553,690 313086 240,604 Boating Imp Fees/Retained Vessel - 200,000 7,651 1921349 Total Expenditures 800,000 753,690 320,737 432,953 Excess/Deficiency of Revenues Over/(Under) Expenditures (320,000) ( 734690) 362,438 636,128 Other Financing Sources/(Uses): Reserve for Contingencies (150,000) (150,000) - 150,000 Transfers to Other Funds (46,310) (8,292) 38,018 Total Other Financing Sources/(Uses) (150,0001 196,310) 8�92) 188,018 Net Change in Fund Balances (470,000) (470,000) 354,146 824,146 Fund Balances, October 1 470,000 470,000 1,228,989 758,98 Fund Balances, September 30 $ - $ - $ 1,583,135 $ 1,583,135 G-54 IMONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL. MISCELLANEOUS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES:: Licenses and Permits $ - - $ 30,229 $ 30,229 Charges for Services 790,986 371,813 (419,173) Fines and Forfeitures - 243,944 317,692 73,748 Investment Income - - 49,682 49,682 Miscellaneous - 9,175 6,256 (91 ) Total Revenues - 1,044,105 777672'_ ( 66,433 EXPENDITURES: Current: Public Safety: Interagency Communications - 500 461 3 Education-Building Department 24,,500 24,500 19,603 4,897 Total Public Safety 24,500 25,000 20,064 4,936 Human Services: FL Keys Council for the Handicapped - 3,481 58 3,423 Animal Control Citations - 180 - 180 Bayshore Donations - 1,175 120 1,055 Traffic Educ, Card 021-2002 182,225 182,225 182225 - Legal Aid - 36,704 36,704 - Total Human Services 1823225 223,765 219,107 4,658 Culture and Recreation: Settler's Park Landscaping 10,672 21,344 - 21,344 KL Community Pk Playground Equip - 9,235 - 9,23 Library Special Programs - 22,988 4314 18,674 Total Culture and Recreation 10,672 53,567 4314 49,25 Court Related: Alt Dispute Resolution - Civil - 10,828 6,388 4,440 Ord 016-2004 .St Court Sup 100,000 227,671 - 227,671 SA Ct Tech F328.24(12)(E) - 432,017 43,949 388,068 PD Ct Tech FS28,24(12)(E) - 139,991 90,447 49,544 J Ct Tech FS28.24(12)(E) 315,559 531,892 210,977 320,915 Total'Court Related 415,559 1,342,399 351761 990,638 Total Expenditures 632,956 1,644,731 595,246 1,049,485 (Continued) G-55 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. -CONTINUED MISCELLANEOUS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Excess/Deficiency of Revenues {fiver/(Under) Expenditures (632,956) (600,626) 182,426 783,052 Other Financing Sources/(Uses): Reserve for Contingencies (867,044) (465,726) - 465,726 Transfers from Other Funds - 1,234 (1,234) Transfers to Other Funds - ( 34,882) 378,306; 56,576 Total Other Rnancing Sources/(Uses) (867044) 89,374) (378,306) 521,06 Net Change in Fund Balances (1,500,000) (1,500,000) (195,880) 1,304,120 Fund Balances, October 1,500,000 1,500,000 2,195,855 695,855 Fund Balances, September 30 $ - $ - $ 1,999.975 $ 1,999,975 G-56 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL ENVIRONMENTAL RESTORATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES. Fines and Forfeitures $ 150,000 $ 150,000 $ 100,231 (49,769) Investment income - - 31,760 31,760 Total Revenues 150,000 150,000 131,991 (18,009) EXPENDITURES. Current. Physical Environment: Environmental Restoration 264,021 264,021 128,742 135,279 Excess/Deficiency of Revenues Over/(Under) Expenditures (114 021) `114,021 3,249 117,270 Other Financing Sources/(Uses): Reserve for Contingencies (64,804) (64 - 64,804 Net Change in Fund Balances (178,825) (178,825) 3,249 182,074 Fund Balances, October 1 178,825 178,825 1,325136 1,146 311 Fund'Balances, September 30 $ $ - $ 1,328385< $ 1,32838 G-57 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final.Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income - - $ 17,675 $ 17,67 Miscellaneous 211,860 - (211,860) Total Revenues - 211,860 17,675 (194,185) Other Financing Sour esf(Uses): Transfers from Other Funds - 48,476 48,476 Transfers to Other Funds (6112,323) (824,18 ) (164,024) 660,159 Total Other Financing Sources (Uses) � 612,3231 (824,183) (11 ,548) 708,635 Net Change in Fund Balances (612,323) (612,32 ) (97,873) 514,450 Fund Balances, October 1 612,323 612,323 781,514 169,191 Fund Balances,September 30 $ - $ - $ 683641 $ 683,641' G-58 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL COURT FACILITY FEES SPECIAL. REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES': Charges for Services $ 300,000 $ 300,000 $ 310,643 $ 10,643 Investment Income - - 28,765 28,765 Miscellaneous - 6,057 6,057 Total Revenues 300,000 300,000 345,465 45,465 EXPENDITURES: Current: Court Related: Court Facility 600,000 559,576 140236 419,340 Excess/Deficiency of Revenues Over/(Under) Expenditures (300,000) (259,576) 205229 464,805 Other Financing Sources/{Uses): Reserve for Contingencies (160,000) (160,000) - 160,000 Transfers to Other Funds - (40,424) (}40,4M - Total Other Financing Sources/(Uses) 1Q60,0000) (200,424) (40,424) 160,000 Net Change in Fund Balances (460,000) (460,000) 164,805 624,805 Fund Balances, October 1 460,000 460,000 1,205667 745,667 Fund Balances, September 30 $ - $ - $ 1,370 472 $ 1,370,472 G-59 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES ANDCHANGES IN FUND BALANCES - BUDGET AND ACTUAL DRUG ABUSE TRUST SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services 20,000 $ 20,000 $ 16,559 (3,441) Investment Income - 4,031 4,031 Total Revenues 20,000 20,000 20,590 590 Other Financing Sourcesl(Uses): Reserve i for Contingencies (16,000) (16,000) - 16,000 Transfers to Other Funds (50,000)_ (50,00 J36,9491 13,051 Total Other Financing Sources/(Uses) (66,000) (66,000) �36,949) 29,051 Net Change in Fund Balances (46,000) (46,000) (16,359) 29,641 Fund Balances, October 1 46,000 46,000 164,815 118,815 Fund Balances, September 30 $ - $ - $ 148,456 $ 148,456 G-60 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BURET AND ACTUAL MARATHON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ - $' 56 $ 56 Investment Income - 1,105 1,105 Total Revenues - 1,161 1,161 EXPENDITURES`, Current:: Physical Environment: Marathon Wastewater 1,399 1,399 713 686 Excess/Deficiency of Revenues Overf(Under,i Expenditures (1,399)- (1,399) 448 1,847 Other Financing Sources/(Uses): Reserve for Contingencies (363) (363) - 363 Transfers to Other Fends (55);_ (5 ) (2) 5 'fatal Other Financing Sources/(Uses) (418) (418) (2) 416 Net Change In Fund Balances (1,817) (1,817) 446 2,263 Fund Balances, October 1 1,817 1,817 51,515 49,698 Fund Balances, September 38 $ - $ - $ 51,.961 $ 51,961 G-61 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES - BUDGET AND ACTUAL BAY POINT MUNICIPAL SERVICE TAXING UNIT SPECIAL. REVENUE FUNGI FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final I Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 500 $ 500 $ 2,381 $ 1,881 EXPENDITURES: Current: Physical Environment: Bay Point Wastewater 83,740 83,740 1,050 82,69 Excess/Deficiency of Revenues Over/(Under) Expenditures (83,240) 33,,2,40) 1,331 84,571 Other Financing Sourcesl(Uses). Reserve for Contingencies (21,472) (21,47 ) - 21,47 Transfers to Other Funds (2,147) (2,147) - 2,147 Total Other Financing Sour est(Uses) (23,619) (23,619) - 23,619 Net Change in Fund Balances (106,859) (106,859) 1,331 108,190 Fund Balances, October 1 106,859 106,859 101,574 (5,285) Fund Balances, September 30 $ - - $ 102,905 $ 102,90 G-62 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES EXPENDITURES AND CHARGES IN FUND BALANCES -BUDGET AND ACTUAL BIG COPPITT MUNICIPAL.SERVICE TAXING UNIT SPECIAL REVENUE FUNGI FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 100 100 $ 107 $ 7 Investment Income 1,000 1,000 7,507 6,507 Total Revenues 1,100 1,100 7,614 6,514 EXPENDITURES: Current: Physical Environment; Big Coppitt Wastewater 210,993 210,993 97013 113,980 Excess/Deficiency of Revenues Over/(Under) Expenditures (209,893) ( 09,893) (89,399) 120,494 Other Financing Sources/(Uses): Reserve for Contingencies (54,803) (54,80 ) - 54,803 Transfers from Other Funds - - 500 500 Transfers to Other Funds {8,221) (8,221) (1,0441 7,177 Total Other Financing Sources/(Uses) (63,024) (63,024) (544) 62,480 Net Change in Fund Balances (272,917) (272,917) (89943) 182,974 Fund Balances, October 1 272,917 272,917 257,335 (15,582) Fund Balances, September 30 $ - $ - $ 167,392 $ 167,392 G-63 MONROE COUNTY, FLORIDA 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, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ - $ 361 708 347 Investment Income 2,000 171836 18775 939 Total Revenues 2,000 18,197 19,483 1,286 EXPENDITURES: Current: Physical Environment: Key Largo Wastewater 430,899 715,269 711,246 4,023 Excess/Deficiency of Revenues Over/(Under,) Expenditures (428,899) 697,072 (691,7631 5,309 Other Financing Sources/(Uses): Transfers from.Other Funds (108,475) - 21 21 Transfers to Other Funds (3,000) (104) ( 6) 64 Total Other Financing Sources/(Uses) — (111,475) (100) (15) 85 Net Change in Fund Balances (540,374) (697,17 ) (691,778) 5,394 Fund Balances, October 1 540,374 697,172 733,906 36,734 Fund Balances, September 30 - $ - $ 42,128 42,128 G-64 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. STOCK ISLAND WASTEWATER SPECIAL REVENUE FUND' FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ - $ - $ 463 $ 463 Investment Income 540 500 9,742 9,242 Miscellaneous - 53,748 53,748 Total Revenues 500 500 63,953 63,453 EXPENDITURES: Current: Physical Environment: Stack Island Wastewater 155,513 155,513 15,570 139,943 Stock Island Cap Fee Refund 21,303 21,303 - 21,303 Total Physical Environment 176,816 176,816 15,574 161,246 Excess/Deficiency of Revenues Over/(Under) Expenditures (176,316) (176, 16) 48,383 224,699 Other Financing Sources/(Uses): Reserve for Contingencies (31,955) (31,955) - 31,955 Transfers from Other Funds - - 500 500 Transfers to Other Funds �(4,226,-1) (4,261) 1„ 00) 3,261 Total Other Financing Sources/(Uses) (36,216) (3€I,21 ) (5201 35,716 Net Change in Fund Balances (212, 32) (212,532) 47,883 260,415 Fund Balances,October 1 212,52 212,532 390,894 178,362 Fund Balances,September 34 $, $ - $ 43 ,777 $ 48,777 G-65 M©NROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL CUD.l4E-SUGARLt3AF MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE:FUND FOR THE YEAR ENDED SEPTEMBE'R 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES. Investment Income $ 500 $ 500 $ 7,244 $ 6,744 EXPENDITURES: Current. Physical Environment: Cudjee-Sugarloaf Wastewater 108,055 108,055 73,957 34,098 Excess/Deficiency of Revenues Overl(Under) Expenditures 107,555 107,555) 66� 40,842 Other Financing Sources/(Uses): Reserve for Contingencies (19,528) (19,528)' - 19,528 Transfers to Other Funds (2 604) (2,604) - 21604 Total Other Financing Sources/(Uses) _^_ (22 1 2) (22,132) - 22,132 Net Change in Fund Balances (129687) (129,687) (66,713) 62,97 Fund Balances, October 1 129,687 129,687 319,519 189,832 Fund Balances, September 30 - $ - $ 252,806 $ 252,806 G-66 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL CONCH KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUN[ FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES Investment Income $ 100 100 $ 66 $ (341 EXPENDITURES: Current: Physical Environment: Conch Key MSTU 3,535 3,535 2865 730 Excess/Deficiency of Revenues Over/(Und'er) Expenditures (3,435) (,435) (2,739) 696 Other Financing Sources/(Uses): Reserve for Contingencies (406) (406) - 406 Transfers to Other Funds (122) (122) 89 Total Other Financing Sources/(Uses) 528 (528) (33) 495 Net Change In Fund Balances (3,963) (3,963) (2,772) 1,191 Fund'Balances, October 1 3,963 3,963 7225 3,262 Fund Balances, September 30 $ - $ - $ 4,453 $ 4,453 G-67 MONROE'COU'NTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL LONG KEY-LAYTON MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBE'R 38, 2009` Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 100 $, 100 $ 794 $ 694 EXPENDITURES: Current: Physical Environment.: Long Key-Layton Wastewater 20,743 20,743 5,621 15,122 Excess/Deficiency of Revenues Over/(Under) Expenditures �24,643 (20,643) (4,827) 15,816 Other Financing Sources/(Uses): Reserve for Contingencies (5,388) (5,388) - 5,388 Transfers to Other Funds (808),_ {808) - 808 Total Other Financing Sources/(Uses) (6,196) (6,196) - 6,196 Net Change in Fund Balances (26,839) (26,839) (4,827) 22,012 Fund Balances,October 1' 26,839 26,839 36,301 9,462 Fund Balances, September 30 $ $ - $ 31,474 $ 31,474 G-68 MONR©E COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL DUCK KEY MUNICIPAL SERVICE TAXING UNIT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES, Investment Income $ 5,000 5,000 $ 2,780 $ (2,220) EXPENDITURES: Current: Physical Environrnent: Duck Key Wastewater 80,797 80,797 43,674 37,123 Excess/Deficiency of Revenues Over/(Under) Expenditures 75,797 75,797 (40,894) 34,903 Ether Financing Sources/(Uses): Reserve for Contingencies (14,428) (14,42 ) - 14,48 Transfers to Other Funds 962 (962) - 962 Total tither Financing Sources/(Uses) (15,390) (15,390) - 15,390 Net Change in Fund Balances (91,187) (91,187) (40,894) 50,293 Fund Balances, October 1 91,187 91,187 132,763 41,576 Fund Balances, September 30 $ - $ - $ 91,869 $ 91,86,9 G-69 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL BUILDING FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES Licenses and Permits $ 2,790,632 $ 2,790,632 $ 2,566,981 $ (223,651) Charges for Services 11,000 11,000 5848 (5,152) Investment Income 10,000 10,000 28405 18,405 Miscellaneous 1,000 1,000 8,867 7,867 Total Revenues 2,812,632 2,812,632 2,610,101 (202,531) EXPENDITURES; Current: Public Safety Building Department 2,434,746 2,287,746 2,236,333 51,41 Building Refunds 2,000 7,000 6,981 19 Total Public Safety 2,436,746 2,294,746 2,243 314 51,43 Excess/Deficiency of Revenues Over/(Under) Expenditures 375,886 517,886 366,787 151,09 Other Financing Sources/(Uses): Reserve for Contingencies (173,495) (315,495) - 315,495 Transfers to Other Funds (701,771) �701 771) 701,771 Total Other Financing Sources/(Uses) (875,266) (1,017,266) - 1,017,266 Net Change in Fund Balances (499, 80) (499,380) 366,787 866,167 Fund Balances, October 1' 499,380 499,380 890,016 390,636 Fund Balances, September 30 - $ - $ -1,256,803 $ 1,256,803 G-70 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Buie Budget Actual (Negative)_ REVENUES; Intergovernmental $ 2,375,593 $ 2,375,593 $ 2,706,275 $ 330,682 Investment Income 100,000 100,000 (100,000) Miscellaneous Income - - 994 994 Total Revenues 2,475,593 2,475,593 2,707, W 231,676' EXPENDITURES: Current: General Government: Administrative 357,500 357,500 293,230 64,27 Capital Outlay 9,035,062 9,035,062 2,206,980 6 828,082. Total General Government, 62 91192,562 '2,500,210 6352 Excess/Deficiency of Revenues Over/(Under) Expenditures (6,916,969) �6,916,969) 207,059 7,124,028 ©then Financing Sourcesl(Uses): Transfers from Other Funds 14,407 14,407 14407 - Net Change in Fund Balances - Budgetary Basis (6,902,562) (6,902,562) 221,466 7,124,028 Fund Balances, October'1 9,260,480 9,260,480 9,260,480 - Fund Balances, September 30 - Bucgetary Basis $ 2,357,918 $ 2,357,918 9,481,946 $ 7,124,028 Reconciliation of Budgetary Basis To GAAP Basis Reconciling item: Mortgage receivable 6,740,579 Compensation accrual _(8,881) Fund Balances, September 30 -GAAP Basis $ 16,213 644 G-71 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. SHERIFF'S COMMISSARY SPECIAL REVENUE FUND' FOR THE YEAR ENDED SEPTEMBER 30, 2009' Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: ,. Charges for Services $ 450,000 $ 400,000 $ 380,814 $ (19,186) Investment Income 2,500 1,500 1,012 (488) Miscellaneous 27,300 20,000 17,725 (2,275) Total Revenues 479,800 421,500 399 551 (21,949) EXPENDITURES: Current Public Safety 348,755 790,000 755,056 34,944 Excesst(Deficiency) of Revenues Over/(Under) Expenditures 131,045 (368,500) (355,505) 12,995 Other Financing Sources/(Uses): Transfers from Other Funds - 2,500 2,440 Net Change in Fund Balances 131,04 (366,000) (353065) 12,935 Fund Balances, October 1 532,117 532,117 532,117 - Fund Balances, September 30 $ 663,162 $ 166,117 $ 179,052 $ 12,935 G-72 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S IMPACT SUPPORT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 206,700 $ 185,000 $ 174,339 $ (10,661) EXPENDITURES• Current: Public Safety 2064700 185,000 174,339 10,661 Net Change In Fund Balances - - - - Fund Balances, October I Fund Balances, September 30 $ $ $ $ G-73 ............................----- ................................. ........................................... ...... ........................... ----------- MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S OFF-DUTY SPECIAL REVENUE FUND FOR THE YEAR EMBED SEPTEMBER 30, 2009 Variance with Final Budget Original` Final Positive Budget Budget Actual (Neyative) REVENUES: Intergovernmental $ 151,900 $ 185,000 $ 180,716 (4,284) Charges for Services 521000 52,000 51,853 (147) Total Revenues 203,900 237,000 232,569 (4,4311 EXPENDITURES Current. Public Safety 109,045 244,000 239,297 4,703 Excess/(©ef ciency) of Revenues Over/(Under) Expenditures 94, 5 A�7,OUO 7 8 272 Other Financing Sources/(Uses): Transfers from Other Funds 7,000 7,000 5728 {272) Net Change in Fund Balances 101,85 - - Fund Balances, October 1' Fund Balances, September 30 $ 101,855 $ - $ - $ G-74 MCINROE COUNTY, FLORIDA SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN l FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S GRANTS SPECIAL REVENUE FUND` FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final, Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 535,000 $ 1,440,000 $ 1,436,931 (3,069) Investment Income 5,000 2,100 2,027 �. _(7 Total Revenues 540,000 1,442,100 1,438,958 (3,142 EXPENDITURES:' Current: Public Safety 935,000 1,3 5,000 1,271,811 53,189 Grants and Aid 2,500 2435 65_ Total Expenditures 935,000 1,327,500 1,274 246 53,254' Excess/(Deficiency) of Revenues Over/(Under) Expenditures (395,000) 114,600 164,712 50,112 Other Financing Sauressl(Uses): Transfers from Other Funds 395,000 324,119 276,795 (47,324 Net Change In Fund Balances - 4 ,719 441507 2,788 Fund Balances, October 1 (434,495) (434,495) (434,495) - Fund Balances, September 30" , (434,495) $ 4,224 $ 7,012 $ 2,78 G-75 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S TEED COURT SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ $ 78,000 68,430 $ (6,570) EXPENDITURES Current. Public Safety 1121719 101,626 93,309< 8,317 Excess/(Deficiency) of Revenues Overt(Under) Expenditures (112,719) (26,626) (24,879) 1,747 Other Financing Sources/(Uses): Transfers from Other Funds 112,719 26,626 24,879 1,747 Net Change in Fund Balances - - - Fund Balances, October - - - - Fund Balances, September 30 $ _ $ - $; _ $ G-76 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S SOUTH FLORIDA LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2 a9 Variance with Final Budget Original Final Positive Budget Budget Actual (Native) REVENUES; Intergovernmental $ - $ - $ 77,005 $ 77,005 Investment Income - - 31740 31740 Total Revenues 80,745 80,745 EXPENDITURES. Current: Public Safety 394,164 555,000 498,688 56,312 Grants and Aid 407,000 25,000 19,541 51459 Total Expenditures 801,164 580,000 518,229 61^771 Net Change in Fund Balances (801,164) (580,000) (437,484) 142,516 Fund Balances, October 1 1,167,063 1,167,063 ; 1,167,063 Fund Balances, September 30 $ 365,899 $ 587,063 $ 729,579 $ 142,51 G-77 M©NROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE$ - BUDGET AND ACTUAL SHERIFF'S SHARED ASSET FORFEITURE SPECIAL. REVENUE FUND` FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 207,500 227,500 $ 227,412 ► (88) EXPENDITURES. Current: Public Safety 2,000 2,000 1,901 99 Grants and Aid' 205,500 1,55,000 154,881 119 Total Expenditures 207,500 157,000 15E,782 218 Net Change in Fund Balances - 70,500 70,630 130 Fund Balances,October 1 4,904,315 4,904,315 4,904,315' - Fund Balances, September 30 $ 4,904,315 $ 4,974,815 $ 4,974945 $ 130 G-7 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S FEDERAL FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ - $ - $ 159,000 $ 159,000 Investment Income - - 3,19$ 3,195 Total Revenues - - 162,195 162,195 EXPENDITURES: Current: Public Safety 286,430 125,000 108,722 16,278 Grants and Aid 222,000 10,000 - 10,000 Total Expenditures 508,430 135,000 108,722 26,278 Excess/(Deficiency) of Revenues Over/(Under) Expenditures (508430) (135,000) 53,473 188,473 Other Financing Sources/(Uses): Transfers to Other Funds - - �4,000 (4,005) Net Change in Fund Balances (508,430) (135,000) 49,468 184,468 Fund Balances, October 1 1,141,558 1,141,558 1,141,558 - Fund Balances, September 30 $ 633,128 $ 1,006,558 $ 1,191,026 $ 184,468 G-79 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S CONTRACT ADMINISTRATIVE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: , Charges for Services $ 305,200 $ 810,000 $ 762,506 $ (47,494) Investment Income - 250 227 Total Revenues 305,200 810,250 762,733 (47,517) EXPENDITURES: Current: Public Safety 305,200 655,000 638,079 16,921 Net Change In Fund Balances - 155,250 124,654 (30,596) Fund Balances,October 1 141,411 141,411 141,411 - Fund Balances, September 30 $ 141,411 296,661 $ 266,065 $ (30,596) G-80 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S AIRPORT SERVICES SPECIAL REVENUE FUND OR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES. Total Revenues $ - $ - $ - $ - EXPENDITURES: Current: Public Safety 1,550„532 1,773,962 1,745,762 28,200 Excess/(Deficiency) of Revenues Over/(Under) Expenditures (1,550,532) (1,773,962) �1,745,762) 28,200 Other Financing Sources/(Uses): Transfers from Other Funds 1,550,532 1,773,962 1,74 762 (28,200) Net Change in Fund Balances - - - - Fund Balances, October 1 - - - - Fund Balances, September 30 $ - $ - $ - $ - G-81 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. SHERIFF'S LAW ENFORCEMENT TRUST FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Total Revenues $ - $ - $ - $ - EXPENDITURES: Current: Public Safety 7,400 55,000 46,305 8,695 Grants and Aid 116,000 117,500 10 ,304 8,196 Total Expenditures 123,400 172, 00 155609 16,891 Excess/(Deficiency)of Revenues Over/(Under) Expenditures (123,400) (172, 00) �155,609) 16,891 Other Financing Sources/(Uses): Transfers from Other Funds 123,400 175,000 158,049 (16,951) Transfers to Other Funds - (2,500) (2,440) 60 Total Other Financing Sources/Uses 123,400 172,500 155,609 (16,891) Net Change in Fund Balances - - - - Fund Balances, October 1 Fund Balances, September 30 $ - $ - - $ - G-82 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S STATE FORFEITURE SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Fines and Forfeitures $ 157,850 $ 60,000 $ 58,511 $ (1,489) Investment Income - 200 129 (71) Miscellaneous - 7,500 7,02 (47 ) Total Revenues 157,850 67,700 65,665 (2,035) EXPENDITURES: Current: Public Safety 50,714 24,450 23,164 1,286 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 107,136 43,250 42,501 (749) Other Financing Sources/(Uses): Transfers to Other Funds (107,136) :2250) (42,501) 749 Net Change in Fund Balances - - - - Fund Balances, October 1 - - - - Fund Balances, September 30 $ - $ - $ - $ - G-83 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL SHERIFF'S INTERAGENCY COMMUNICATIONS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 75,000 $ 65,000 $ 63,498 $ (1,502) Investment Income 5,500 5,500 4, 12 (1,188) Miscellaneous - 335,000 329,916 5 Total Revenues 80,500 405,500 397,726 (7,774} EXPENDITURES: Current: Public Safety 503,425 705,000 681,540 23,460 Grants and Aid 23,000 - - Total Expenditures 796,425 705,000 681,540 23,460 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 715192 (299,500) (283,814 15,686 Other Financing Sourcesf(Uses): Transfers from tither Funds 715,925 180,000 173,924 (6,076) Net Change in Fund Balances - (119,500) (109,890) 9,610 Fund Balances, October 1 1,358, 88 1,358,088 1,358,088 - Fund' Balances, September 30 $ 1,358 388 $ 1,238,588 $ 1,248,198 $ 9,610 G-84 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S 911 SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ 9,000 13,000 $ 11,307 $ (1,693) EXPENDITURES: Current: Public Safety 569,000 583,000 569,400 13,600 Grants and Aid - 5,000 2,800 2,200 Total Expenditures 569,000 588,000 572,200 15,800 Excess/(Deficiency) of Revenues Over/(Under) Expenditures (560,000) �575,000) (560,893) 14,107 Other Financing Sources/(Uses): Transfers from Other Funds 560,000 560,000 558,557 (1,443) Net Change in Fund Balances - (15,000) (2,336) 12,664 Fund Balances, October 1 1,386,021 1,386,021 1,386,021 - Fund Balances, September 30 $ 1,386,021 $ 1,371,021 $ 1,383,685' $ 12,664 G-85 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S TRAUMA STAR SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Total Revenues $ - $ - $ - $ - EXPENDITURES: Current: Public Safety 1,261,714 1,261,714 1,171,336 90,378 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 1,261,714 61,714 1,171,336) 90,378 Other Financing Sources/(Uses): Transfers from Other Funds 1,261,714 1,261,714 1,171,336 (90,37 Net Change in Fund Balances - - - - Fund Balances, October 1 - - - Fund Balances, September 30 $ - $ - $ - $ - G-86 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL SHERIFF'S RADIO COMMUNICATIONS SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Total Revenues $ - $ - $ - $ - EXPENDITURES: Current: Public Safety 428,935 412,935 359,605 53,330 Excess/(Deficiency) of Revenues Over/(Under) Expenditures (428,935) (412,935) (359,605) 53,330 Other Financing Sources/(Uses): Reserve for Contingencies - (16,000) - 16,000 Transfers from Other Funds 428,935 428,935 359,605 (69,330) Total Other Financing Sources/Uses 428,935 412,935 359,605_ (53,330) Net Change in Fund Balances - - - Fund Balances, October 1 Fund Balances, September 30 $ $ $ $ G-87 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL CLERK'S RECORDS MODERNIZATION SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Charges for Services $ 256,000 $ 256,000 $ 223,024 $ (32,976) Fines and Forfeitures - - 56,857 56,857 Investment income - - 1,331 1,331 Total Revenues 256,000 256,000 281,212 25,212 EXPENDITURES: Current: Court Related: Modernization Trust 764,400 764,400 223,542 540,858 Excess/(Deficiency) of Revenues Over/(Under) Expenditures (508,400) (508,40) 57,670 566,070 Other Financing Sources/(Uses): Reserve for Contingencies (128,000) (128,000) - 128,000 Net Change in Fund Balances (636,400) (636,400) 57,670 694,070 Fund Balances, October 1 636,400 636,400 631,763 (4,637) Fund Balances, September 30 $ - $ - $ 689,433 $ 689,433 G-88 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES,AND CHANGES IN FUNS} BALANCES - BUDGET AND ACTUAL CLERK'S COURT RELATED SPECIAL REVENUE FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 886,221 $ 1,548,396 $ 1,451,232 $ (97,164) Charges for Services 2,003,000 1,487,795 1,467,116 (20,679) Fines and Forfeitures 1,48 ,000 756,113 783,072 26,959 Investment Income 5,000 120 258 138 Total Revenues 4,38 ,221 3,792,424 3,701,678 (90,746 EXPENDITURES: Current: Court Related: Clerk Administration 339,558 341,217 304,887 36,330 Clerk Records Management 367,656 341,453 302,050 39,403 Clerk Jury Management 117,740 157,896 155,537 2,359 Clerk Circuit Court Criminal 863,541 823,549 795,646 27,903 Clerk Circuit Court Civil 370,917 398,621 397,552 1,069 Clerk Circuit Court Family 140,285 125,563 124,653 910 Clerk Circuit Court Juvenile 135,480 124,570 124,482 88 Clerk Circuit Court Probate 92,273 93,223 92,914 309 Clerk County Court Criminal 731,007 601,596 584,166 17,430 Clerk County Court Civil 204,25 193,085 187,407 5,678 Clerk County Court Traffic 868,272 7201715 685,723 341992 Total Expenditures 4,230,934 3921,488 3,755,017 166,471 Excess/(Deficiency) of Revenues Over/(Under) Expenditures 152,287 (129,064) (53,339) 75,725 Other Financing Sources/(Uses): Reserve for Contingencies (440,628) (159,277) - 159,277 Transfer from Other Funds 728,021 728,021 676,174 (51,847) Transfer to Other funds (439,680) (439,680) (622,835) (183,155) Total Other Financing Sources/(Uses) (152,287) 129,064 53,339 (75,725) Net Change In Fund Balances - - - - Fund Balances, October 1 - - - - Fund Balances, September 30 $ - $ - $ - $ - G-89 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE YEAR ENDED SEPTEIiBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: , Intergovernmental $ 211,272 $ 211,272 $ 209,620 $ (1,652) Investment Income - 60,000 136006 76,006 Total Revenues 211,272 271,272 345,626 74,354 EXPENDITURES: Debt Service: 2003 Revenue Bonds: Principal 1,980,418 1,980,418 1,285,000 695,418 Interest 534,402 534,402 534,401 1 Total 2003 Revenue Bonds 2,514,820 2,514,820 1,819,401 695,419 Guaranteed Entitlement Loan: Principal 630,000 626,935 626,677 258 Interest 5,031 91017 9,017 - Total Guaranteed Entitlement Ln 635,031 635, 52 635,694 258 2007 Revenue Bonds Principal 3,130,934 3,130,934 2,505,000 625,934 Interest 1,765,800 1,765,800 1,193,900 571,900 Other Debt Service Costs 105,000 105,000 254 104,746 Total Guaranteed Entitlement Ln 5,001,734 5,001,734 3,699,154 1,302,580 FRUFC Revenue Notes Interest - 882,000 882,000 - Total Expenditures 8,151,585 9,034,506 7,036,249 1,998,257 Excess/Deficiency of Revenues Overl(Under) Expenditures (7,9401313� (8,763,234) (6,690,623) 2,072,611 Other Financing Sources/(Uses): Reserve for Contingencies (30,515) (1,457,326) - 1,457,326 Transfers from Other Funds 6,228,157 6,228,157 6,114,000 (114,157) Total Other Financing Sources/(Uses) 6,197,642 4,770,831 6,114,000 1,343,169 Net Change in Fund Balances (1,742,671) (3,992,403) (576,623) 3,415,780 Fund Balances, October 1 1,742,671 3,992,403 4,007,026 14,623 Fund Balances,'September 30 $ - - $ 3,430,403 $ 3,430,403 G-90 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL ONE CENT INFRASTRUCTURE SURTAX CAPITAL PROJECT FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Taxes $ 13,999,998 $ 13,733,097 $ 13,702,434 $ (30,663) Investment Income 399,998 400,000 467,819 67,819 Miscellaneous - 550,000 854,842 304,842 Total Revenues 14,399,996 14,683,097 15,025,095 341,998 EXPENDITURES: Current: Capital Outlay: General Government: ADA Assessments 271,000 271,000 186,934 84,066 General Government Projects 350,851 524,500 408,377 116,123 Total General Government 621,851 795,500 595,311 200,189 Public Safety Public Safety Capital Projects 1,157,090 2,280,428 754,595 1,525,833 Med Exam Environmental Mitigtn - 5,500 - 5,500 Total Public Safety 1,157,090 2,285,928 754,595 1,531,333 Physical Environment 257,906 1,807,906 1,187,151 620,755 Transportation: Const. Mgmt 1,073,493 602,317 451,169 151,148 Culture and Recreation 2,000,000 2,000,000 2,000,000 - Total Capital Outlay Expenditures 5,110,340 7,491,651 4,988,226 2,503,425 Excess/Deficiency of Revenues Over/(Under) Expenditures 9,289,656 7,191,446 10,036,869 2,845,423 Other Financing Sources/(Uses): Reserve for Contingencies (500,000) (500,000) - 500,000 Transfers from Other Funds - 1,121,938 545,851 (576,087) Transfers to Other Funds (19,634,752) (22,211,481 (11,907,544) 10,303,937 Total Other Financing Sources/(Uses) (20,134,752) (21,589,543) 11,361,693) 10,227,850 Net Change in Fund Balances (10,845,096) (14,398,097) (1,324,824) 13,073,273 Fund Balances, October 1 10,845,096 14,398,097 17,542,635 3,144,538 Fund Balances, September 30 $ - $ - $ 16,217,811 $ 16,217,811 G-91 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL INFRASTRUCTURE SALES SURTAX REVENUE BONDS, SERIES 2003 CAPITAL PROJECTS FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Investment Income $ - $ - $ 7,474 $ 7,474 Miscellaneous - - 3,703 3,703 Total Revenues - - 11,177 11,177 EXPENDITURES: Current: Capital Outlay: General Government: General Government Project 1 939,06 1,392,822 1,383,011 9,811 General Government Project II 130,000 1,3 8,973 93,623 1,295,350 Total General Government 1,069,086 2,781,795 1,476,634 1,305,161 Human Services: Human Service Projects 476,329 785,878 768,244 17,634 Total Capital Outlay Expenditures 1,545,415 3,567,673 2,244,878 1,322,795 Excess/Deficiency of Revenues Over/(Under) Expenditures (1,545,415) (3,567,673) (2,233,7n 1,333,972 Other Financing Sources/(Uses): Transfers from Other Funds 1,545,415 3,567,673 3,040,424 (5271249) Net Change in Fund Balances - - 806,723 806,723 Fund Balances, October 1 - - 305,821 305,821 Fund Balances, September 30 $ - $ - $ 1,112,544 $ 1,112,544 G-92 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL INFRASTRUCTURE SALES SURTAX REVENUE BONDS, SERIES 2007 CAPITAL PROJECTS FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ - $ - $ 250,048 $ 250,048 Investment Income 5004000 500,000 548,293 48,293 Total Revenues 500,000 500,000 798,341 298,341 EXPENDITURES: Current: Capital Outlay: General Government Projects 2,576,460 23,228 5,743 17,485 Public Safety Projects 7,953,652 7,624,704 2,378,931 5,245,773 Physical Environment Projects 5,000,000 11,038,088 7,013,607 4,024,481 Culture and Recreation Projects 86,192 88,920 20,326 68,594 Total Capital Outlay Expenditures 15,616,304 18,774,940 9,418,607 9,356,333 Excess/Deficiency of Revenues Over/(Under) Expenditures (15,116,304) (18,274,940) (8,620,266) 9,654,674 Other Financing Sources/(Uses): Transfers from Other Funds - 2,727 2,727 - Net Change in Fund Balances (15,116,304) (18,272,213) (8,617,539) 9,654,674 Fund Balances, October 1 15,116,304 18,272,213 24,823,442 6,551,229 Fund Balances, September 30 $ - $ - $ 16,205,903 $ 16,205,903 G-93 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -BUDGET AND ACTUAL BIG COPFITT WASTEWATER PROJECT, CAPITAL PROJECTS FUND FOR THE YEAR ENDED SEPTEMBER 30, 2009 Original Final Positive Budget Budget Actual (Negative) REVENUES: Intergovernmental $ 3,025,508 $ - $ 27,074 $ 27,074 Investment Income - - 472,143 472,143 Miscellaneous - 459,179 657,065 197,886 Total Revenues 3,025,508 459,179 1,156,282 697,103 EXPENDITURES: Current: Capital Outlay: Physical Environment: Big Coppitt Wastewater - 914,470 419,748 494,722 Big Coppitt WW Bridge Loan 12,467,766 16,442,526 8,869,747 7,572,779 Big Coppitt WW DEP Grant 3,025,508 3,025,508 2,203,594 821,914 Rockland/Geiger WW DEP Grant - 133,000 - 133,000 BC Special Assessment Refund - 5,000 - 5,000 Big Coppitt Special Assessment 1,281,712 1,483,806 - 1,483,806 Total Physical Environment 16,774,986 22,004,310 11,493,089 10,511,221 Total Capital Outlay Expenditures 16,774,986 22,004,310 11,493089 10,511,221 Excess/Deficiency of Revenues Over/(Under) Expenditures (13,749,478) (21,545,131) (10,336,807) 11,208,324 Other Financing Sources/(Uses): Debt Proceeds 12,467,766 2,589,650 - (2,589,650) Transfers from tither Funds - 3,125,508 4,585,356 1,459,848 Total Other Financing Sources/(Uses) 12,467,766 5,715,158 4,585,356 (1,129,802) Net Change in Fund Balances (1,281,712) (15,829,973) (5,751,451) 10,078,522 Fund Balances, October 1 1,281,712 15,829,973 13,762,825 (2,067,148) Fund Balances, September30 $ - $ - $ 8,011,374 $ 8,011,374 G-94 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF NET ASSETS INTERNAL SERVICE FUNDS SEPTEMBER 30, 2009 Worker's Group Risk Compensation Insurance Management Fund Fund Fund ASSETS Current Assets: Cash and Cash Equivalents $ 3,685,032 $ 2,742,818 $ 581,295 Investments 1,225,578 14,865,012 4,000,156 Accounts Receivable, Net 28,949 21,799 1,124 Due from Other Funds 12,627 93,610 - Due from Other Governmental Units 4,072 89,536 - Interest Receivable 22,163 136,240 36,781 Total current assets 4,978,421 17,949,015 4,619,356 Noncurrent Assets: Land and Other Nondepreciable Assets - - - Capital Assets, Net of Accum. Depreciation 849 18 29,318 Total Noncurrent Assets 849 18 29,318 Total Assets 4,979,270 17,949,033 4,648,674 LIABILITIES Current Liabilities: Accounts Payable 32,251 207,552 111,814 Accrued Wages and Benefits Payable 7,326 8,517 7,161 Claims and Judgements Payable 1,534,647 4,580,172 141,385 Due to Other Funds - - - Due to Other Governmental Units 22,102 - - Accrued Camp Absences Payable 5,623 1,979 - Total Current Liabilities 1,601,949 4,798,220 260,360 Noncurrent Liabilities: Accrued Comp. Absences Payable 23,298 24,038 24,252 OPEB Liability 37,770 16,187 18,885 Total Noncurrent Liabilities 61,068 40,225 43,137 Total Liabilities 1,663,017 4,88,445 303,497 NET ASSETS Invested in Capital Assets, Net of Related Debt 849 18 29,318 Unrestricted 3,315,404 13,110,570 4,315,859 Total Net Assets $ 3,316,253 $ 13,110,588 1,345,177 G-95 p Fleet Management Fund Total 58,812 7,067,957 1,24,148 21,32 ,894 - 51,872 60,122 166,359 29,892 123,500 13,035 208,219 1,3961009 28,942,801 54,000 54,000 1,118,090 1,148,275 1,172,090 1,202,275 2,568!,099 30,145,076 81,007 432,624 45,735 68,739 - 6,256,204 124 124 - 22,102 10,065 17,667 136,931 6,797,460 47,332 118,920 94,425 167,267 141,757 286,187 278,688 7,083,647 1,172,090 1,202,275 1,117,321 21,859,154 $ 24289,411 $ 23,061,429 G-96 „> ,N MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES INFUND NET ASSETS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 200 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Operating Revenues: Charges for Services $ 1,530,841 $ 13,186,487 $ 2,353,978 Miscellaneous 63,930 4,538 14,478 Total operating revenues 1,594,771 13,191,025 2,368,456 Operating Expenses: Personnel Services 182,404 207,078 173,275 Operations 378,745 653,978 1,442,545 Depreciation and Amortization 1,25 213 511 Asserted and Paid Claims 2,207,489 15,267,240 55,249 Total operating expenses 2,769,93 16,128,509 1,671,580 Operating Income/Loss (1,175,162) (2,937,484) 696,876 Non-Operating Revenues/(Expenses): Investment Income 194,840 474,761 129,026 Insurance Recoveries 797,314 328,326 1,054,270 Gain (Loss) on Disposition of Assets - - � 11,632 Total Non-Operating Revenuesf(Expenses) 992,154 803,087 1,171,664 Income/Loss Before Contributions and Transfers (1 83 008) 2,134,397 1,868,540 Transfers to Other Funds (73,504) (104,786) (64,548 Change in Net Assets (256,512) (2,239,183) 1,803,992 Total Net Assets-October 1 3,572,765 15,349,771 2,541,185 Total Not Assets-September 30 $ 3,316,253 $ 13,110,588 $ 4,345,177 G-97 Fleet Management Fungi! Total $ 2,828,545 $ 19,899,851 16,224 99,170 2,844,769 19,999,021 1,020,554 1,583,311 1,472,769 3,948,037 75,653 77,672 - 17,529,978 2,568,976 23,138,998 275,793 (3,139,977) 31,877 830,504 - 2,179,910 5,193 _ 6,439 37,070 3,003,975 312,86 136,00 424,6442 (667,482} (111,781) (803,484) 2,401,192 23,864,913 2,289,411 $ 23,061,429 G-98 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Operating Activities: Cash received for services $ 72,307 $ 3,583,243 $ 45,775 Cash rec'vd from other funds for goods and sves 1,456,616 9,457,202 2,310,958 Cash received from insurance recoveries 797,314 328,900 1,053,146 Cash payments to suppliers for goods and Svcs (425,306) (775,201) (1,407,278) Cash payments for employee services (127,440) (145,864) (132,042) Cash payments to other funds (25,676) (33,083) (28,119) Cash payments for claims (1,960,825) (14,332,130) (1,511,354) Other operating revenue 36,563 4,538 14,478 Net Cash Provided by/('Used in) Operating Activities (176,447) (1,912,395) 345,564 Noncapital Financing Activities: Transfers to other funds (73,504) �104,786) (64,548) Capital and Related Financing Activities: Acquisition of capital assets - - (38,99 ) Investing Activities: Investment income 345,084 543,968 118,021 Proceeds from sales and maturities of investments 1,435,094 9,914,076 3,458,201 Purchase of investment securities 1,314,429) 13 324,0 9) (3,875,561) Net Cash Provided/(Used) in Investing Activities 465,749 (2 866,045) (299,339) Net Increasel(Decrease) in Cash and Cash Equivalents 215,798 (4,883,226) (57, 16) Cash and Cash Equivalents: October 1 3,469,234 7,626,044 638,611 September 30 $ 3,685,032 $ 2,742,818 $ 581,295 G-99 Fleet Management Fund Total $ 1,309,165 $ 5,010,490 1,569,141 14,793,917 - 2,179,360 (1,516,879) (4,124,664) (710,554) (1,115,900) (215,381) (302,259) - (17,804,309) 16,224 71,803 451,716 '1,291,562 (424,644) (667,482) (14,600) (53,593) 19,931 1,027,004 1,414,353 16,221,724 1(1,397,767) (19,911,846) 36,517 _..2,663,118 48,98 (4,675,755) 9,823 11,743,712 $ 58,812 $ 7,067,957 (Continued) G-100 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS - CONTINUED INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Reconciliation of operating income/(loss) to net cash provided byt(used in) operating activities: Operating income/(loss) $ (1,175,162) $ (2,937,484) $ 696,876 Adjustments to reconcile operating income/(loss) to net cash provided by/(used in) operating activities: Depreciation and Amortization 1,295 213 511 Nonoperating Income-Insurance Recoveries 797,314 328,326 1,054,270 Change in assets and liabilities: Increase/(Decrease) in Accounts receivable (27,367) 574 (1,124) Increase/(Decrease) in Due from other funds 2,154 (93,610) 2,755 Increase/(Decrease) in Due from other gov't units (4,072) (52,432) - Increase/(Decrease) in Accounts payable (18,361) (97,607) 51,679 Increase/(Decrease) in Accrued wagesibenefits 813 586 . (1,109) Increase/(Decrease) in Ctaims/judgments payable 246,664 935,110 (1,456,105) Increase/(Decrease) in Due to other funds - (1,185) Increase/(Decrease) in Due to other govt units (7,666) - Increase/(Decrease) in Comp. absences payable 103 1,979 (7,074) Increasel(Decrease) in Other current liabilities (1,932) (1,052) - Increasei(Decrease) in OPEB liability 9,770 4,187 4,885 Total adjustments 998,715 1,025,089 (351,312) Not cash provided by/(used in) operating activities $ (176,447) $ (1,912,395) $ 345,564 Noncash investing, capital, and financing activities: Gain (Loss) on disposition of assets $ $ $ (11,632) Cash Reconciliation: Unrestricted $ 3,685,032 $ 2,742,818 $ 581,295 G-101 ................ .............____ -I- ................. Fleet Management Fund Total $ 275,793 $ (3,139,977) 75,653 77,672 - 2,179,910 (27,917) (11,869) (100,570) 61,630 5,126 7,664 (56,625) 8,290 8,580 - (274,331) 81 (1,104) (16) (7,68 ) 10,065 5,073 - (2,984) 24,425 43,267 175,923 1,848,415 $ 451,716 $ (1,291,562) $ 5,193 $ __L64 9) $ 58,812 $ 7,067,957 G-102 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF FIDUCIARY NET ASSETS ALL AGENCY FUNDS SEPTEMBER 30, 2009 Clerk's Sherifrs Tag General General and Property Agency Agency License Tax Totals ASSETS Cash and Cash Equivalents $ 3,223,363 $ 712,998 $ 151,977 $ 2,551,627 $ 6,639,965 Accounts Receivable 4,198 37 3,465 55 7,755 Total assets $ 3,227,561 7131,035 $ 155,442 $ 2,551,682 $ 6,647,720 LIABILITIES Due to Others $ 2,153,697 $ 687,057 $ 696 $ 107,964 $ 2,949,414 Due to Other Governmental Units 1,073,864 25,978 154,746 2,443,718 3,698,306 Total liabilities $ 3,227,561 $ 713,035 $ 155,442 $ 2,551,68 $ 6,64 ,720 G-103 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS ALL AGENCY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2009 1011/2008 Additions Deductions 9/3012009 Clerk's General Assets Gash and Gash Equivalents $ 2,307,843 $ 20,825,682 $ 19,910,162 $ 3,223,363 Accounts Receivable 64888 23,535 84,225 4,198 Total assets $ 2,372,731 $ 20,849,217 $ 19,994,387 $ 3,227,561 Liabilities Due to Others $ 1,668,183 $ 3,634,450 $ 3,148,936 $ 2,153,697 Due to Other Governmental Units 7041548 17,214,767 16,845,451 1,073,864 Total liabilities $ ,372,731 $ 20,849,217 $ 19,994,387 3,227,561 Sheriffs General Assets Gash and Cash Equivalents $ 603,379 $ 2,077,280 $ 1,967,661 $ 712,998 Accounts Receivable 37 - 37 Total assets $ 603,379 $ 2,077,317 $ 1,967,661 $ 713,035 Liabilities Due to Others $ 584,88 $ 2,140,810 $ 2,038,641 $ 687,057 Due to Other Governmental units 18,491 11,835 4,348 25,978 Total liabilities $ 603,379 $ 2,152,645 $ 2042,9889 $ 713,035 Tag and License Assets Gash and Gash Equivalents $ 166,066 $ 10,233,190 $ 10,247,279 $ 151,977 Accounts Receivable 1,718 1,747 - 3,465 Total assets $ 167,784 $ 10,234,937 $ 10,247,279 $ 155,442 Liabilities Due to Others $ 1,567 $ 17,672 $ 18,543 $ 696 Due to Other Governmental Units 166,217 10,217,265 10,228,736 154,746 Total liabilities $ 167,784 $ 10,234,937 $ 10,247,279 $ 155,442 PropertyTa? Assets Cash and Gash Equivalents $ 2,505,622 $ 266,265,359 $ 266,219,354 $ 2,551,627 Accounts Receivable 2,930 - 2,875 55 Total assets $ 2,508,552 $ 266 265, 59 $ 266,222,229 $ 2,551,682 Liabilities Due to Others $ 7,703 $ 12,117,446 $ 12,017,185 $ 107,964 Due to Other Governmental Units 2,500,849 254,147,91 05,044 2,443,718_ Total liabilities $ 2,508,552 $ 2661265,359 $$ 2�66 222,229 1 2,551,682 (Continued) G-104 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS-CONTINUED ALL AGENCY FUNDS 10/1l2008 Additions Deductions 9/30/2009 Total All Agency Funds Assets Cash and Cash Equivalents $ 5,582,910 $ 299,401,511 $ 298,344,456 $ 6,639,965 Accounts Receivable 69,536 25,319 87,100 7,755 Total assets $ 5,652,446 $ 299,426,830` $ 298,431,556 $ 61647,720 Liabilities Due to Others $ 2,262,341 $ 17,910, 78 $ 17,223,305 $ 2,949,414 Due to Other Governmental Units 3,390,105 281,591,780 281,283,579 3,698,306 Total liabilities $ 5,652,446 $ 299,502,158 $ 298,506,884 $ 6,647,720 G-105 STATISTICAL SECTION (Unaudited) This part of Monroe County, Florida Government's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the County's overall financial health. Statistical schedules differ from financial statements because they usually cover more than one fiscal year and may present non- accounting data. These schedules are designed to give the reader insights into the financial position of Monroe County not readily apparent from the financial statements. Contents Financial Trends These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time. Revenue Capacity These schedules contain information to help the reader assess the government's most significant local revenue source, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. H-1 rl (00) C14 MCAN 0LOr 0 C-4 00 Lf) N CO OD 9) 0 1- 0 — P� a A 41 R Cli 00 0—N m 0) m N CY V Cl) COLr) 69 60 40 69 FA 4% — 0 Cf) 0 400 Cl) — 0 r` M f, 8 0 r, r— Cli It t- N. 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Monroe County,Florida Governmental Activities Tax Revenues By Source Last Eight Fiscal Years(1) (accrual basis of accounting) Sales Taxes State Local Local Tourist Fiscal Property Tourist Sales Development Other Year Tax Impact Tax Tax Tax Taxes Total 2002 $ 54,584,047 $ 1,972,187 $ 25,232,935 $ 11,799,207 $ 1,128,287 $ 94,716,663 2003 58,170,115 2,078,380 25,760,295 12,395,648 1,233,000 99,637,438 2004 60,113,153 2,280,226 29,241,630 13,653,340 3,044,564 108,332,913 2005 65,213,691 2,319,138 28,604,200 13,924,863 3,546,375 113,608,267 2006 71,978,592 2,337,667 29,097,437 13,658,344 3,567,410 120639,450 2007 77,370,025 2,470,447 28,849,639 15,427,328 3,126,761 127,244,200 2008 74,581,111 2,774,826 28,455,229 15,006,028 2,055,110 122,872,304 2009 81,181,540 2,567,410 25,936,719 14,962,879 1,141,964 125,790,512 (1)Only eight years are available due to initial GASES 34 implementation in fiscal year 2002. 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OW CO 00 V' ' 14:1+`tD i^+t M t7?h�, M '0 to N ctT ifl W N hh n ri W N r � RQ fRArhNtt7.G ud9 OD CD ©..N to t'*IhoDP CS) Q00rMr V'CDN 4W) Nco N tt)r h MPA W) V>' hC1D fT+ Q h A rcp co. G�ttry a6 S 2 a MO —W MNM Fa P 0. N rrMhMO " Vr 40 -try rn � � e J go 'Z _ E o � gg±� spay `� P}C 25 1c M F- SfJi% W H-8 Continued h.flD e- s} of ip tCyt E9 V3 Cy co to O M h r amply r r r r M to 9 VA pp 60 h 10 CD co PSI cn cm C6 Al c In N o N O A CD 00 V% R r r r r toLO C�� y� C tH 6% tL C GMO N 01 ON! N NV''. W p. CV a zon g CQ ��qq p. W p Np r r r a0 St? O 'C Er N 4V N CV s} C6 C st r O CA 8. tt11�p0 O "I C C4 p pN�p � W 06 Cq R er 60 ffl pR N O CJ� ��y O r r r r p r � �.. CV to R CD N .� y co QCP 0 to N f�i C H-9 _ N OOD h N t7 C) Ld {J 4OT> r « M 6 04 COO O U') 1N. 0) 0 00 N M ti 4OA n �^^ +^ C] s ~ OD 000 OMD OD 0) 0 O E+3 M COO N h M Sh � t*3 h CO CV tt) N 1� O N t7 tD 4T OOD Iv 0 to � � 000 t- G7 tO9 M N ri OD i 3 N C] oc fm�1 0 d N � M (C t Ul) N�S C} � 4 OO> .. C1 ~ s- tV s- N M M t*! to LO Cf 4) alr %- r^ s- s- c- V- r e- V- s- off LL 19 C ~ F „ _ to tl_ 0 co G? O It N It OR N M co OBE? 00 OND OD C N s- M (p tt) f+- O tc3 0) J tJ! ~ eV- � r Iq t0 LO> (0 tD coLL to N co O- N M t~fk N {Cry ti IT i- M N e- t0 OD M 79 0 0. M M N CO'coOD O Oi 1 b ` Q Cl C3 N c cM�� d"J 4) r CV .- N N N N N N N 5 d� ti U') qS r� CQ N OOD N U I� t0 - co Ce�Y O 00 C U) tq pN to06 O O O N st ,- CO aD C? tL7 �- N LO M N Op .- p st co N 1- tl C) e- EL t1) V) V) OD 0 h- I� Imo- 00 i C O N M in 4 O O O N N N N N 04 N N N CCN Q G� H-10 4 ; N tC tr3 m m cv cv n3 tt3 " `c c c c c c c c c c IL Q 0 0 0 T m 6i m to N 'm CCU N N m N Rf E v c c c c c c c c c v m F` d w 1.0 to V V M M nj c .01 Li tU V' CV QD CC14 M iCi cr? Q CS O KM 1If tq e-V G~0 ti CMQ � t10 0�5 0 Da 0) cli r V- eV- s~- CV N N C4 .01 Ctl _ _ 00 p � tip I O 0) ems•- O C3 M 1+ act s1 M C7 4 U N Ili M Mrn C' v �c tL1 Z Nr V- w aA, od 1- � G C 00 E- .r d t7o 'St M O I O CV uJ -� G 4 8. 0t � O ti coo ocoo ao 0 4 _ M st 0) 1`- m m M w N e- M 0 V; tt N T-- CV CO T- (N N I* tp Q z r '0 % 1- t7 Cn to t cq LD CL o CL ti C7 M r to u 0 CLL 60 0 co w w Go 0) d ti) a. 0 Z o c°Ocs V) ©co v tV) L' a IL rll� cl V C r- co q � 25 � g x m 5 ta ¢ � n c C) cv V) V ua h oo 0) W , t? 0 a C3 8 O b 8 C? C 3 � = *< + + c3 0 0 € o -. "- W N N CV CV N CV CV N 04 N to 2 c H-11 Z, c :3 0 err U co C> 0 co It N 0 N g to m cf) C14 CL U) Li CL.�, as co L6 LO 't IRT 4 cli C6 m C j cy 0 ins V) c E c 0 cv Or m NN (N CL E 1! LO to mr It It m m m C%i C� ar 0 Lo 0 P CL IL 1* 0 LO wo (D 00 .0- c a 0 co 0 't 1-0 't OR 7 cl (D m..O 0 -0 -J CL 0 _0 L 10 CL co W to I- c: 0 N 0 w m 0 Cm V c 00 n cLi <t CY) 7 Cl? q Q 4) E a E ca LO t, N m — m m Cr q cccam'{ q U� q m 0 CC) Ln Cl) ce) ce) c LO (D m 0 can Lo CD cn 0) r- :3 pi (D LO LO w v 4 cli C6 cv m c 0 3:CL w 0 0 0 0 0 0 C> C a 0 0 0 8 0 N N N N N N N0 — 2 Z) H-1 2 .............. .......................... .................. ............ Monroe county,Florida Principal Property Taxpayers September 30,2009 2009 2000 Percentage,of Percentage of Taxable Total Taxable Taxable Total Taxable Assessed Assessed Assessed Assessed Taxpayer Value Rank Value Value Rank Value Fla. Keys Electric Co-op $ 86,934,371 1 0.33% $ 0.00% BellSouth/Southern Bell 70,547,095 2 0.27% 63,064,480 1 0.69% Galleon Condo. Assoc. 66,968,660 3 0.25% 0.00%a Hyatt Vacation Management Co 64,162,847 4 0.24% 0.00% City of Key West 59,268,452 5 0.22% - Windward Point LLC 48,403,229 6 0.18% - - Bluegreen Resorts Management 45,019,589 7 0.17% - H5 LTD 36,800,134 8 0.14% - - Ocean Reef Acquisition Corp 35,374,671 9 0.13% - - JLW Key West 1 LLC 35,311,362 10 0.13% - Casa Marina - - 48,222,377 2 0.53% Hilton Resorts&Marina - - 29,677,084 3 0.33% Cheeca Lodge - - 28,517,738 4 0.31% Pier House - - 25,028,596 5 0,28% Holiday inn of Key West - - 23,529,984 6 0.26% Sheraton Suites - - 20,471,222 7 0.23%0 Southernmost Beach LP - - 19,892,937 8 0.22% Reach - - 19,010,571 9 0.21% Hawks Cay - - 18,398,662 10 0.20% $ $548,780,410 2.06% $ 295,813,65'1 3.26% Source: Monroe County Property Appraiser H-13 C P� 1�- 00 rl_ W (D LO v ks 9 9 9 9 9 9 mui 9 uci) c te LO m 40 v � Cli rl-� cc CS! NA LO 3 OUR 9 ('0- rv- r- r-- 00 CC —co Ie m CD L OD 0 (:6 00 0 csi 06 L6 v td r- OD to CN M (N 0 LL v >- . C — c 0 > U- c .0 m Ci q W� (p � rll- U? (P U� 110: *d co c 0 s s IL m co La M U') N go 0 cl� C m rl_Ict 00 a Nr C14 LO t Cli (71 CN C) 0 m (Y) 00 C6 q vi r2o Cli Ir- N 04 v V- Qo Csi rl� U) U) ;Zr LO CD (D ham- 00 b. 0 I"V 'm m m co I C14 C) 00 N CY) t-7 N: lw 0 CY) m t- CC) m r- cq t,: a U. U') r- 400 t- 00 :3 0 Q a 0% Cl) 0 a C14 CVI) LO 00 m ja C� 0 E COD 8 8 R 8 a C� z w 0 CN N (N N C14 CN C%j C%4 (N C14 U. H-14 ............................. .......... ............... ................................................................... ....................... ............ z z co % or: z z z 0) V� OD CZ (Q N A 9 4 CL NN N N (0 N c1t Cli CNI N N N m C t (n co c I E N 9 0 60 O—D 0 m CN C%j N N 0 v 0i m § M P ;t z w Ct r pap 2 8 § (D C� c "Q Ln M Ul) im c *0 IS —0 r cv. V7, N W 00 Nr 40 Lln ui d C6 1-: C v N co IL 1B m 0 c 8 00 tv r CAA A SO 0 C4 Cq NCY a LO 0 E 04 C162 72 N- to 6 "i ,6 xv m CZJ- NN ?I IL. cl, 11 CN N (N cm (N CN N <z H-15 Monroe County, Florida Ratios of General Banded Debt Outstanding !vast Ten Fiscal Years Percentage of Estimated General Less: Amounts Actual Taxable Fiscal Obligation Available in Debt Value of Per Year Bonds Service Fund Total Property Capita Monroe County does not have any outstanding general bonded debt for years 2000-2009 H-16 Monroe County,Florida Direct and Overlapping Governmental Activities Debt As of September 30, 2009 Estimated Estimated Share of Debt Percentage Overlapping Governmental Unit Outstanding Applicable Debt Monroe County does not have any direct and overlapping governmental activities debt as of September 30,2009. H-17 Monroe County, Florida Legal Debt Margin Information Last Ten Fiscal Years There are no State laws or County ordinances establishing a legal debt margin for years 2000-2009. H-18 Monroe County,Florida Pledged-Revenue Coverage Governmental Activities Lost Ten Fiscal Years Sales Tax Revenue Bonds Fiscal Debt Service Year Collections Principal Interest Total Coverage 2000 $ 12 387,681 3 945,000 $ 760,366 $ 4,705,366 $ 2.63 2001 12,719,998 4,127,500 574,555 4,702,055 2.71 2002 12 645,370 4,280,000 419,774 4,699,774 2.69 2003 12,884,890 4,995,000 604,715 5,599,715 2.30 2004 15,039,016 3,387,500 750,952 4,138,452 3.63 2005 14,875,923 1,157,500 640,780 1,798,280 8.27 2006 15,201,005 1,187,500 617,630 1,805,130 8.42 2007 15,200,289 1,222,500 593,880 1,816,380 8.37 2008 15,147,595 2,515,000 1,558,694 4,073,694 3.72 2009 13,702,434 3,857,500 1,728,301 5,585,801 2.45 Guaranteed Entitlement Bonds and Notes Fiscal Debt Service Year Collections Principal Interest Total Coverage 2000 $ 2,448,727 $ 432,500 $ 243,040 $ 675,540 $ 3.62 2001 2,065,418 451,667 224,223 675,890 3.06 2002 1,961,730 471,667 203,743 675,410 2.89 2003 1,992,079 530,299 143,080 673,379' 2.96 2004 2170,003 563,597 95,444 649,041 3.34 2005 2,249,626 568,719 79,157 647,876 3.47 2006 2,332,385 587,428 62,425 649,853 3.59 2007 2,173,766 606,066 45,322 651,388 3.34 2008 1,990,010 623,756 27,565 651,320 3.06 2009 1,769,710 104,446 9,261 113,707 15.56 Note: Details regarding the County's outstanding debt can be found in the notes to the financial statements. 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Mom- rn m t�v N c- t ao Lo V- � 00 n 4y a . ` m o a 0 c LL U N c Q � c _ m c 0 GtJ . , (J7 J 7 C7 iLl V� t�tl c Q 0) Qt L M MS r5 = roa at� 0 a © 0 U. CL U U H-25 THIS PAGE INTENTIONALLY LEFT BLANK COMPLIANCE SECTION .......... ..................... ............................-.111,11.111",................................................................................................--.......... ........... 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 W" G4VERNMENTAUDMNGI STANDARDS To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida. We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund Information of Monroe County, Florida (the "County")'as of and for the year ended September 30, 2009, ,which collectively comprise the County's basic financial statements, and have Issued our report thereon dated March 31, 2010. 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. Internal Control over Financial Reporting In planning and performing our audit, we considered the County'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 effective of the County's 'Internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Courdy's Internal control over financial reporting. A control deficiency exists when the design or operation of a control does not allow management or employees, In the: normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency Is a control deficiency, or combination of control deficiencies, that adversely affects the County's ability:to Initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there Is more than a remote likelihood that a misstatement of the County's financial statements that Is more than Inconsequential will not be prevented or detected by the County's Internal control. A material weakness is a significant deficiency, or combination of significant deficiencies, that results In more than a remote likelihood that a material 'misstatement of the financial statements will not be prevented or detected by the County's internal control. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily Identify all deficiencies In Internal control that might be 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. I-1 Cwnpliance and Other Matters As part of obtaining reasonable assurance about whether the County's financial statements are free of material misstatement,we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objecUve 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 Govemment Auditing Standards. We noted certain matters that we reported to management of the County in a separate letter dated March 31, 2010. This report is Intended solely for the Information and use of management, the County Mayor and the Board of County Commissioners of Monroe County, Florida, the State of Florida Office of the Auditor General,and applicable federal and state agencies and is not Intended to be and should not be used by anyone other than these specified parties. CHERRY, SEKAERT&HOLLAND, LL.P 1 " Qk- Orlando, Florida March 31, 2010 1-2 ...........11-1.11.11-11........................... ............... ................. INDEPENDENT AUIX'TORS'REPORT ON COMPLIANCE AND INTERNAL CONTROL OVER COMPLIANCE APPLJCA13LE TO EACH MAJOR FEDERAL AWARDS PROGRAM AND STATE FINANCIAL ASSISTANCE PROJECTS To the Honorable Mayer and Board of County Commissioners of Monroe County, Florida: Camp118"4e We have audited the compliance of Monroe County, Florida (the"County)with the types of compliance requirements described In the U.S. Office of Management and Budget {OMB} °Circular A-133 Compliance Supplement, and the; requirements described in the State of Florida Department of Financial°Services' State Projects Compliance Supplement, that are applicable to each of its major federal awards programs and state financial assistance projects for the,year ended September 30, 2909. The County's major federal awards programs and state 'financial assistance projects are Identified in the summary of auditors' resins section of the accompanying Schedule of Findings and Questlorted Casts. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal awards programs and state financial assistance projects is the responsibility of the County's management. Our responsibility is to express an opinion on the County's compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of Amy;the standards applicable to financial audits contained In Government Auditing Standards, issued by the Comptroller General of the United Stags; OMB Circular A-133, Audits of States, Local Governments, ;and Non-Pr fit Organizations,, and Chapter 10.550, Rules of the Auditor General. Those standards, OMS Circular A 13 , and Chapter 10.55f1, Rules of the Auditor General, require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referral;to above that could have a direct and material effect on a major federal awards program or state financial assistance project occurred. An audit Includes examining, on a test leis, evidence about the County's compliance with those requirements and performing such ether procedures as we considered necessary In the circumstances, We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the County's compliance with those requirements, In our opinion, the County complied, In all material respects,with the requirements referred to above that are applicable to each of its major federal awards programs and state financial assistance projects for the year ended September 30, 2009. 1-3 Internal Conkof over Compliance The management of the County is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal awards programs and state financial assistance projects. In planning and performing our audit, we consMered the County's Internal control over compliance with the requirements that could have a direct and material effect on a major federal awards program or state financial assistance project In order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of Internet control over compliance. Accordingly, we do not express an opinion on the effectiveness of the County's internal control over compliance in accordance with OMB Circular A-133 and Chapter 10.550, Rules of the Auditor General. A control deficiency in the County's internal control over compliance exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions,to prevent or detect noncompliance with a type of compliance requirement of a federal awards program or state financial assistance project on a timely basis.A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affect the County's ability to administer a federal awards program or state financial assistance project such that there is more than a remote likelihood that noncompliance with a type of compliance requirement of a federal awards program or state financial assistance project that Is more than Inconsequential will not be prevented or detected by the County's internal control. A material weakness Is a significant deficiency, or combination of significant deficiencies, that results In more than a remote likelihood that material noncompliance with a type of compliance requirement of a federal awards program or state financial assistance project will not be prevented or detected by the County's Internal control. Our consideration of Internal control over compliance was for the limited purpose described In the first paragraph of this section and would not necessarily Identify all deficiencies in Internal control that might be significant deficiencies or material weaknesses. We did not identify any deficiencies In internal control over compliance that we consider to be material weaknesses, as defined above. This report is Intended solely for the Information and use of management, the County Mayor and the Board of County Commissioners of Monroe County, Florida, the State of Florida Office of the 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. CHERRY, IBEKAERT&HOLLAND, L.L.P. Orlando, Florida March 31, 2010 1-4 ............................... ................ ......................................................'I'll,............... ...................... Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30 2009' Federal/State Agency; Pass-through Entity CFDA Federal Program/State Project Number Department of Agriculture: Passed through Florida Department of Elder Affairs and Alliance for Aging: NSIP-2009 10.570 Total Federal Agency Department of Health and Human Services Passed through Florida Department of Elder Affairs and Alliance for Aging: Title III'B Support Services-2009 93.044 Title IIIB Support Services- 2008 93.044 Total Program Title IIIC-1 Congregate Meals-2009 93,045 Title IIIC-2 Home Delivered Meals- 2009 9 .045 Title IIIC-1 Congregate Meals-2008 93.045 Title IIIC-2 Home Delivered Meals-2008 93.045 Total Program Title III-E In-Home Services-2009 93.052 Title III-E In-Home Services-2008 93.052 Total Program OAA Title III=C2 Home Delivered Meals 93.705 Passed through Florida Department'of Revenue: Child Support Enforcement Title IV D 93.563 Passed through Florida Department of Community Affairs: Low Income Home Energy Assistance Program-2009 93.568 Low Income Home Energy Assistance Program-2008 93.568 Total Program Passed through Florida Department of Law Enforcement: ICAC3- Internet Crimes Against Children 93,64 Total Federal Agency Department of the interior: US Fish and Wildlife Services: Passed through Florida Department of Environmental Protection: Clean Vessel Act Grant Program 15,616 Total Federal Agency The accompanying notes are an integral part of this schedule, 1-5 Contract GlAnt Number Exonditum US951 $ 27,268 27,268 AA929 89,924 AA829 28,076 118,000 AA929 97,423 AA929 131,495 AA829 38,020 AA829 53,809 320,747 AA929 24,693 AA829 14,828 39,521 ARRA-929 2,820 CC344 135,683 09EA-7K-11-54-01-019 259,005 08EA-7B-1 1-54-01-019 14,859 273,864 280 890,915 LE655 for CVA08-498 37,108 37,108 (Continued) 1-6 ................... ................................................. Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 Federal/State Agency, Pass through Entity CFDA F oral er ram/State Pro`sct Number Department Of Justice: Direct Program:. Equitable Sharing Agreement 16.000 Bureau of Justice Assistance: Bulletproof Vest Partnership Grant 16.607 Monroe County Juvenile Drug Court 16.585 Passed through Office of the Attorney General: Victims of Crime Acts 16.575 Passed through Florida Department of Law Enforcement: Edward Byrne Memorial Justice Assistance Grant-MC Educ. Foundation- 2009 16.738 Residential Substance Abuse Treatment-MC Jail Incarceration Program 16.593 Total Federal Agency Executive Office of the President: Direct Program: High Intensity Drug Trafficking Areas 08.G09M10001A High Intensity Drug Trafficking Areas 08.G09M10005A High Intensity Drug Trafficking Areas 08.G09PR0001A High Intensity Drug Trafficking Areas 08.14PMIP598Z High Intensity Drug Trafficking Areas 08.14PPRP578Z High Intensity Drug Trafficking Areas 08.I5PMIP586Z High Intensity Drug Trafficking Areas 08.15PMIP598Z High Intensity Drug Trafficking Areas 08.15PPRP578Z High Intensity Drug Trafficking Areas 08.16PMIP56Z High Intensity Drug Trafficking Areas 08.16PMIP598Z High Intensity Drug Trafficking Areas 08.16PPRP578Z High Intensity Drug Trafficking Areas 08.17PMIP586Z High Intensity Drug Trafficking Areas 08.17PMIP598Z High Intensity Drug Trafficking Areas 08.17PPOP578Z High Intensity Drug Tracking Areas 08.18PVIIP586Z High Intensity Drug Trafficking Areas 08.18PMIP598Z High Intensity Drug Trafficking Areas 08.18PPRP578Z High Intensity Drug Trafficking Areas 08.18PMIP5980 High Intensity Drug Trafficking Areas 08,18PMIP5961 High Intensity Drug Trafficking Areas 08.14PMIP999Z High Intensity Drug Trafficking Areas 08,14PMIP5980 The accompanying notes are an integral part of this schedule. 1-7 Contract Grant Number Expenditures -- 2,102 -- 11,676 2006-DJ-BX-0918 17,655 V8091 242,895 009-JAGC-MONK-1-T7-01'2 44,366 2009-RSAT-M©NR-1-T9-004 50,000 368,694 G09M10001 A 4,195,755 G09M 10005A 971,595 09PR0001A 2,426,62 14PMIP598Z 16,774 14PPRP578Z 124,391 15PMIP586Z 93,463 15PMIP598Z 12,658 15PPRP578Z 296,480 16PMIP586Z 122,078 16PM IP598Z 7,25 16PPRP578Z 254,442 1'7PM IP586Z 1,317,873 17PMIP598Z 267,022 17PPRP578Z 484,818 18PMIP586Z 5,044,669 18PMIP598Z 984,164 18PPRP578Z 3,821,079 18PMIP5980 10,000 18 PMI P5981 170,359 14PMIP999Z 6,396 14PMIP5980 4,401 (Continued) 1-8 Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 Federal/State Agency, Pass-through Entity CFCA Federal Pro ram/State Pr;olect Number Executive Office of the President Continued: High Intensity drug Trafficking Areas 08,15PMIP981Z High Intensity Drug Trafficking Areas 08.I5PMIP5980 High Intensity Drug Trafficking Areas 06.15PLAP600Z High Intensity Drug Trafficking Areas 08.16PMIP5980 High Intensity Drug Trafficking Areas 08.16PMIP5981 Total Federal Agency Department of Transportation, Direct Program: Federal Aviation Administration: Key West AIP-3730 20.106 Key West AIP-3732 20.106 Key West AIP-3733 20.10 Key West AIP-3735 20.106 Key West AIP'-3736 20.106 Key West AIP-3737 20.106 Key West AIP-3738 20.106 Key Vilest AIP-3739 20.106 Key West AIP-3740 20.106 Marathon AIP-4422 20.106 Marathon AIP-4423 20.106 Marathon AIP-4424 20.106 Marathon AIP-4425 20.106 Marathon AIP'-4426 20.106 Marathon AIP-4427 20.106 Total Federal Agency Federal Highway Administration: Passed through Florida Department of Transportation: Transportation Planning Program 07-09 20.205 Emergency Relief Program- Hurricane Wilma, Hurricane Katrina,T.S. Rita 20.205 Total Federal Agency The accompanying notes are an'integral part of this schedule. 1-9 Contract Grant Number Expenditures 15PMIP5981Z 58,008 15PMIP5980 12,526 15PL.AP60OZ -10 16PMIP5980 229,283 I6PMIP5981 71,784 21,003,796 3-12-0037-00-2006 505,723 3-12-0037-032-2007 593 3-12-0037-033-2007 2,327,651 3-12-0037-035-2008 1, 29,755 3-12-0037-036-2008 1,998,796 3-12-0037-037-2008 1,743,293 3-12-0037-038-2008 596,644 -12-0037-039-2009 698,054 3-12-0037-040-2009 1,477,770 3-12-0044-022-2006 1,245,691 3-12-0044-023-2006 89,548 3-12-0044-024-2007 2,156 3-12-0044-025-2008 69,963 3-12-0044-026-2009 48,693 3-12-0044-027-2009 16,269 12,050,59 8887-370 104,669 AOC26 7,472 112,141 (Continued) 1-10 Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 Federal/State Agency, Pass-through Entity CFI A Federal Program/State Project Numb2 Department of Homeland Security. Passed through Florida Department of Community Affairs: Public Assistance Programs: Hurricane Dennis- FEMA-DR-1595-DR-FL 97.036 Hurricane Katrina- FEMA-DR-1602-FL 97,036 Hurricane Wilma-Sheriff FEMA-DR-160 -FL 97.036 Passed through;Florida Division of Emergency Management: Tropical Storm Fay- FEMA-EM-1785-DR 97.036 Hurricane Ike-FEMA-3293-EM 97.036 Total Program Severe Repetitive Lass Grant 97.110 Hazard Mitigation Grant-Marathon Airport Passenger Trmnl Bldg FEMA 1609-107-R 97.039 Hurd Mitigation Grant-Mthn Garage Overhead Door Wind Retrofit FEMA 1609-148-R 97.039 Hazard Mitigation Grant-Detention Ctr Overhead Door Wind Retrofit FEMA 1609-136-R 97.039 Hazard Mitigation Grant-Mthn Emergency Ops Center Wind Retrofit FEMA 160 -153-R 97.039 Total Program Emergency Management Performance Grant 97.042 Emergency Management Performance Grant 97.042 Total Program Homeland Security-2006 97.067 Homeland Security 2007 97.067 Homeland Security-2008 97.067 Passed through the City of Miami: Urban Area Security Initiative Grant Program-2006 97.067 Urban Area Security Initiative Grant Program-2007 97.067 Total Program Direct Program: Staffing for Adequate Fire&Emergency Response(SAFER) 97.044 Transportation Security Administration: Law Enforcement Officer Reimbursement Agreement 97.090 Total Federal Agency United States Treasury department: Equitable Sharing Agreement 21.000 Total Expenditures of Federal Awards The accompanying motes are an integral part of this schedule. 1-11 Contract Grant Number E, xppnditures 06-DN-tG-11-54-01-550 48,978 06-KT-B&-1 54-01-816 28 06-WL-&K-11-54-23-794 543 08-FA-B9-11-54-00- 64 235,524 08-PA-00-11-54-13-509 205,718 491,051 10SR-47-11-54-01-030 125, 3 09HM-37-11- 4-01-002 18,222 09HM-37-11-54-01-03 14,511 09HM- 7-11-54-01-015 11,289 08EC-30-11-54-01-039 9,488 53,510' 09-BG-20-11-54-01-167 4,456 09-BG-03-11-54-01-189 30,904 35,360 06-DS-3W-11-54-01-309 16,101 07-DS-5N-1 1-54-01-353 18,278 08-DS60-11-54-01- 4 1,599 07-DS-5S-11-23-02-379 17,847 09-DS-24-11-23-02-011 141,550 195,375 EMW-2'007-FF-01214 664,236 HSTS0208HSLR360 61,230 1,626,100 -- 680,264 $ 36,796,885 (Continued) 1-12 Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 CSFA State Agency Number Florida Department of Community Affairs: Division of Emergency Management: Emergency Management Programs 52. 08 Marathon Emergency Operations Center 52.010 Total Department Florida Department of Children and Families: Community Care for Disabled Adults-2007/2008 60.008 Community Care for Disabled Adults-2009 60.008 Total Program Criminal Justice, Mental Health & Substance Abuse Reinvestment Grant 60,115 Total Department Florida Department of Elden Affairs Passed through The Alliance for Aging Home Care for the Elderly 2008 65.001 Home Care for the Elderly-2009 65,001 Total Program Alzheimer's Disease initiative-2008 65,004 Alzheimr's Disease Initiative-2009 65.004 Total Program Community Care for Elderly-2008 65.010 Community Care for Elderly- 2009 65.010 Total Program Total Department Florida Department of Environmental Protection: Exotic Plant Control Services -- Small Counties Solid Waste- 2009 37.012 Statewide Surface Water Restoration &Wastewater Projects 37.039 Statewide Surface Water Restoration &Wastewater Projects 37.039 Total Program Total Department Florida Department of Health and Rehabilitative Services: EMS County Award-2008 64.005 Florida Department of Juvenile Justice: Intensive Delinquency Diversion Service 80.022 * Information provided for state financial assistance but not required for federal awards. The accompanying notes are an integral part of this schedule. 1-13 Transfer To Contract Grant Number Exn2ndf Ures Subrecipients* 09-BG-0311-54-01-169 $ 98,726 -- 08-EC-30-11-54-01-039 536,813 -_ 635,539 KG060 20,682 -- KG061 45,183 65,865 -- L.HZ12 39,393 105,258 -- KH72 23,551 -- KH972 8,122 -- 31673 -_ KZ897 49,434 -- KZ997 4,759 -- 54,193 _- KC871 371,883 -_ KC971 97,004 468,887 554,753 PL029 169,127 - SC924 277,316 LP6803 4,585,356 -- LP8983 100,00Q - 4,685,356 -- 5,131,799 -- C7044 23,740 1431 82,871 -- (Continued) l-14 Monroe County, Florida Schedule Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 CSFA State Agency Number Florida Department of Management Services: E911 State Grant Program 72.002 Florida Department of State: State Aid to Libraries-2008 45.030 State Aid to Libraries-2009 45.030 Total Department Florida Department of Transportation: Pigeon Key Ferry Service 55,023 Transportation Planning Program 07-09 55.023 Total Program Key West Airport 55,004 Key West Airport 55.004 Key West Airport 55.004 Key West &Marathon Airport 55,004 Total Program Total Department Florida Fish &'Wildlife Conservation Commission: Boating Improvement Fund 77.00 Sunset,Point Park Boat Ramp 77.006 Total Department Florida Housing Finance Corporation: State Housing;Initiative'Program 52,901 State Housing Initiative Program 52.901 State Housing; Initiative Program 52.901 Total Department Total Expenditures of State Financial Assistance * Information provided for state financial assistance but not required for federal awards. The accompanying notes are an integral part of this schedule. 1-15 Transfer To Contract Grant tdumb r Expenditures SubEe gi ients* 5-08-04-16 657,299 08-ST-38 54,297 -- 09-ST-37 4,322 -- 58,619 - 41454515801 /AOQ11 283,392 -- 25222811407/AOU27 17,444 -- 300,836 41253519401 /AN,194 91,07 -- 41265919401/ANU6 11,307 -- 41637719401 /AOC81 2,515,112 -- 5426919402'/AK043 100,911 -- 2,718,427 - 3,019,263 -- -- 299,197 -- 08071 24,876 -- 324,073 -w SHIP 06-07 PLAN 5 YR 3 79,756 -- SHIP 07-08 PLAN 6 YR 1 252,348 SHIP 08-09 PLAN 6 YR 2 566,149 -- 898,25 -- 11491,467 $ -- I-16 Monroe County, Florida Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2009 Note I —Reporting Entity For reporting entity, purposes, the Schedule of Federal Awards and State Financial Assistance Projects (the "Schedule") presents the Federal and State grant activity of Monroe County, Florida (the "County") primary government and its blended component unit. Note 2—Summary of Significant Accounting Policies The accounting policies and presentation of the Schedule of Expenditures of Federal Awards and State Financial Assistance Projects are presented on the modified accrual basis of accounting and in accordance with accounting principles generally accepted in the United States of America as applicable to governmental organizations. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations and the Florida Single Audit Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. 1-17 .............. ............ MONROE COUNTY, FLORIDA SCHEDULE OF FININGS AND QUESTIONED COSTS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS For the Year Ended September 30, 2009 PART I -SUMMARY OF AUDITORS'RESUI TS 1. The Independent Auditors'Deport on the financial statements expresses unqualified opinions. 2. No significant deficiencies relating to the audit of the financial statements are reported in the Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements in Accordance with Government AudNng Standards 3. No instances of noncompliance to the financial statements of the County were disclosed during the audit. 4. No significant deficiencies reWng to the audit of major federal awards programs or state financial assistance projects are reported in the Independent Auditors' Report on Compliance and Internal Control over Compliance Applicable to each Major Federal Awards Programs and State Financial Assistance Projects. 5. The Independent Auditors' Depart on Compliance for each Major Federal Awards Programs and State Financial Assistance Projects expressed an unqualified opinion. 6. No audit findings relative to major federal awards programs for the County are reported In this Schedule. 7. No audit findings relativeto major state financial assistance projects for the County are reported in this Schedule. 8. The threshold for distinguishing Type A and Type B programs/projects was $1,103,907 for major federal awards programs and $344,744 for major state financial assistance projects; 9. The;County qualified as a low-risk auditee for federal Single Audit purposes, as that term is defined In OMB Circular A-133. 10. The programs/projects tested as major programs/projects included the following: Federal P! rams Federal CFDA No..: High Intensity drug Trafficking Areas 07XXXX 1-1 MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FEDERAL AWARDS PRO13RANS AND STATE FINANCIAL ASSISTANCE PROJECTS For the Year Ended September 30,2009 PART I -SUMMARY OF AUDITORS' RESULTS(CONTINUED) Stag P049cft State CSFA Nm Statewide Surface Water Restoration &Wastewater Projects 37,039 Marathon Emergency Operations Center 52.010 Community Care for the Elderly-2008 and 2009 e5-010 E-91 1 State Grant Program 72,002 PART 11 -FINDINGS—FINANCIAL STATEMENTS None noted. PART III- FINDINGS AND QUESTIONED COSTS—MAJOR FEDERAL AWARDS PROGRAMS None noted. PART IV- FINDINGS AND QUESTIONED COSTS—MAJOR STATE FINANCIAL ASSISTANCE PROJECTS None noted. 1-19 ........................ MONROE COUNTY, FLORIDA SUMMARY SCHEDULE OF CORRECTIVE ACTION PLAN FEDERAL AWARDS PROGRAMS AND STATE FINANCIIAL ASSISTANCE PROJECTS For the Year Ended September 30,2009 There were no Single Audit findings for the year ended September 30,2009. 1-20 . ......... .............. MONROE COUNTY, FLORIDA SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS FEDERAL AWARDS PROGRAMS AND STATE FINANCIAL ASSISTANCE PROJECTS For the Year Ended September 30,2009 There were no Single Audit findings for the year ended September 30,20D8. 1-21 .............:................:":,;,:,;,:;,;:::............................ INDEPENDENT AUDITORS'MANAGEMENT LETTER To the Honorable Mayor and Board of County Commissioners of Monroe County, Florida: We have audited the financial statements of the governments[ activities, the business-type activities, each major fund, and the aggregate remaining fund Information of Monroe County, Florida (the "County'), as of and for the year ended September 30, 2009, which colledively comprise the County's basic financial statamnts, and have issued our report thereon dated Match 31, 2010. 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. We have Issued our Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Perfon-ned In Accordance with Government Auditing Standards and our Independent Auditors' Report on Compliance and Internal Control over Compliance with Requirements Applicable to each Major Federal Awards Programs and State Financial Assistance Projects. Disclosures In these reports, dated March 31, 2010, should be considered in conjunction with this management letter. Additionally, our audit was conducted In accordance with the provisions of Chapter 10,550, Rules of the Auditor General-Local Entity Audits, which governs the conduct of local government entity audits, performed In the State of Florida. This letter includes the following Information,which is not Included In the aforementioned auditors! reports. The Rules of the Auditor General (Section 10.554(1)(1)1) require that we determine whether or not corrective actions have been taken to address significant findings and recommendations made In the preceding annual financial audit report. We have addressed the status of findings and recommendations made In the preceding annual financial report In Appendix A attached to this letter. The Rules of the Auditor Genwal(Section 10.554(1)(1)2) require our audit to Include a review of the provisions of Section 218.145, Florida Statutes, regarding the investment of public funds. In connection with our audit, nothing came to our attention that could cause us to believe that the County was in noncompliance with Section 218.416, Florida Statutes, regarding the Investment of public funds. The Rules of the Auditor General (Section 10.564(1)(1)3) require that we address in the management letter any recommendations to Improve the County's financial management In connection with our audit,we did not have any such recommendations. J-1 ..................:;,:................-;--:::.................—................... The Rums of the Auditor General (Section 10.554(l)(1)(4) require that we address violations of provisions of contracts and grant agreements or abuse that have an effect on the financial statements that Is less then material but mare than inconsequential. In connection with our audit, we did not have any such findings, The Rules of the Auditor General (Section 10.554(1)(t)5) provide that the auditor may, based on professional judgment, report the following matters that have an inconsequential effect on the financial statements, considering both quantitative and qualitative factors: (1) violations of provisions of 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. The Rules of the Auditor General (Section 10.554(1)(Q6) require that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed In the management letter, unless disclosed lathe notes to the financial statements. The County was established by Laws of Florida 71-616. The County has disclosed each component unit In the notes to the financial statements. The Ruler of they Auditor General (Section 10.564(1)(i)7.a) require that a statement be included as to whether or not the local government entity has met one or more conditions described In Section 218.503(1), Florida Statutes, and identification of the specific condltion(s) met. In connection with our audit, we deterrnined that the County did not meet any of the conditions described in Section 216.503(l), Florida Statutes:` The Rules of the Auditor,General (Section 10.564(1)(i)7.b) require that we determine whether the annual financial report for the County for the fiscal year ended September 30, 2009, filed with the Florida Department of Financial Services pursuant to Section 218. 2(1)(a), Florida Statutes, is In agreement with the annual financial audit report for the fiscal year ended September 30,2009. Our comparlson'of the financial report filed by the County with"the Florida Department of Financial Services to the County's 2009 audited financial statements resulted in no material differences The Rules of the Auditor General (Section 10.554(1)(h)7.c. and 10.556(7)), we applied financial condition assessment procedures. It Is managements responsibility to monitor the County's financial condition, and our financial condition assessment was based in part can representations made by management and the review of financial information provided by management. The results of our financial condition assessment procedures disclosed no deteriorating financial conditions. Pursuant to Chapter 119, Florida Statutes, this management letter is;a public record and Its distribution is not limited, Auditing standards generally accepted In the United States of America requires us to Indicate that this letter Is intended solely for the Information and use of management, the Florida Auditor General, and Is not Intended to be and should not time used by anyone other than those specified parties. CHERRY, BEKAERT,&HOLLAND, L.L.P. Orlando, Florida March 31, 2010 J-2 Il ONROE COUNTY*FLORIDA Management Letter Comments jPrlor Year)-Appendix A Safeguarding of Jets Observatforr. Curing our audit;of the Airport's grants, we became aware that certain eligible expenditures of the Key West tryternational„Airport were not Included in the reimbursement requests. This is due to the fact that the individual preparing the reimbursement requests was not aware of the eligibility of these expenses.As a result, the Key West International Airport did not receive available sources of funding in a timely manner. It is essential that the County utilize available sourer of funding for reimbursable expenditures, Cttffwt year follow-up:Management hired new personnel to process billings and the problem appears to have been resolved. f-3