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Fiscal Year 1994 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER 30, 1994 SANDRA LI E FINANCEf PREPARED BY: THE CLERK OF CIRCUIT COURT FINANCE DEPARTMENT MONROE COUNTY, FLORIDA COUNTY OFFICIALS JACK LONDON CHAIRMAN SHIRLEY FREEMAN WILHELMINA HARVEY COMMISSIONER COMMISSIONER EARL CHEAL MARY REICH COMMISSIONER COMMISSIONER JAMES ROBERTS DANNY L. KOLHAGE COUNTY ADMINISTRATOR CLERK OF THE COURT AND CHIEF FINANCIAL OFFICER MONROE COUNTY, FLORIDA COMPREHENSIVEANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER30,1994 TABLE OF CONTENTS PAGE INTRODUCTORY SECTION Transmittal Letter of the Clerk of the Circuit Court........... ......................................... ............. ........... A-1 Certificate of Achievement for Excellence in Financial Reporting.......... ......................................... A-19 OrganizationalChart............. ........ ...... ........................... ...... ............... ............ ............ A-20 FINANCIAL SECTION Independent Auditors' Reports.................. ....................... .................... ....................... ...... ......... B-1 COMBINED FINANCIAL STATEMENTS GENERAL PURPOSE FINANCIAL STATEMENTS: Combined Balance Sheet'— All Fund Types and Account Groups...... ..................................... C-1 Combined Statement of Revenues, Expenditures and Changes in Fund Balances — All Governmental Fund Types and Expendable Trust Funds.... .................. ............. C-5 Combined Schedule of Revenues, Expenditures and Changes in Fund Balances — Budget and Actual — All Governmental Fund Types and Expendable Trust Funds...................... C-7 Combined Statement of Revenues, Expenses and Changes in Fund Equity — All Proprietary Fund Types.......... ............... ...... ....... ........ ..... C-11 Combined Statement of Cash Flows — All Proprietary Fund Types.............—......---...............--...... C-13 Notes to Combined Financial Statements....... ...... ................... ........... ......—....... ................ C-15 COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GOVERNMENTAL FUND TYPES- General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual................. D--1 Special Revenue Funds Combining Balance Sheet......—.....:............. ............. ....... ....... ................ ........... E-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balance.................... ........... E-10 Statements and Schedules of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual; CDBG Housing Rehabilitation.............. .......... ........ ...... ....... E-18 Fine and Forfeiture........: ... E-19 Roadand Bridge................. ..................--......—.............. ........ ......... ........ ...... ........ ...... E-20 LawLibrary.........--.............................. ...... ...... —.—.......... ......................... E-22 Tourist Development, Two Cent, District One.............. ......... ....... ..............................--...--- E-23 Tourist Development, Two Cent, District Two........ ........ ................ .............. E-24 Tourist Development, Two Cent, District Three............. ........ ........ ...... E-25 .............Tourist Development, Two Cent, District ............. ............. .............................. E-26 Tourist Development, Two Cent, District Five............... ....--.......-................--......... ...........- E-27 Tourist Development, Two Cent, Administrative and Promotion......................I............... ................. E—128 Tourist Development, Three Cent, District One............ .......... ........ .............. ........... .... E-29 Tourist Development, Three Cent, District Two........... ........--........... E-30 Tourist Development, Three Cent, District Three............ ....... ............. ................ ....... .... E-31 Tourist Development, Three Cent, District Four....... ............. ........... ........ E-32 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVEANNUAL FINANCIALREPORT YEAR ENDED SEPTEMBER 30,1994 TABLE OF CONTENTS — CONTINUED PAGE Tourist Development, Three Cent, District Five......... ........... ........ ..................................... E-33 Fire and Ambulance, District #1, Lower and Middle Keys.................................................-..... ........ E-34 Fire and Ambulance, District #5, Tavernier...... ................. ............... ............................-................. E-36 Fire and Ambulance, District #6, Key Largo............ —37 Translator System Service District............__............... ....... ......... ................ ............. ..................I E-38 Special Road District—Cross Key Waterway Estates,......... ...... ......................... ......................... E-39 Mariner's Hospital Special Taxing District.........—...................................................... ........................ E-40 Unincorporated Area Service District — Planning, Building and Zoning.................. .......... .........I.... E-41 Unincorporated Area Service District — Parks and Recreation........ .............__....... ........................ E-43 Impact Fees — Roadways............................................... ........... .................__.......... ...........I E-44 Impact Fees — Parks and Recreation..........-........................ ........-.... ............................................. E-45 ImpactFees — Libraries....... ...... ....................................... ................................................. E-46 ImpactFees - Solid Waste......................................................................................... ....... ........I...... E-47 Impact Fees — Police Facilities............___.......—.... ............. ............. ...............—...................... E-48 ImpactFees — Fir'e and EMS........ ........ ............... ....... ...............................—...................... E-49 911 Enhancement Fee................................ ......... ................................ ..........__... .......................... E-50 Duck Key Security District................................................. .......... ...................................................... E-51 Local Housing Assistance.............. .............I.......................... .......................................-.............. E-52 Upper Keys Health Care Special Taxing District.............. ......... ....___.............. ......_'._..1..-1.1- E-53 Comprehensive Plan Land Authority... ............ ....... ................................................ ........ ....... E-54 Debt Service Funds CombiningBalance Sheet............................................................... ........................................................ F-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances........................... F-2 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Budgetand Actual............................................. ........................ .........-............................................. F-3 Capital Project Funds Combining Balance Sheet.......... .................................... ......... ................................... G-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.......-..................... G-3 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Budgetand Actual............................... ............................................;........ .................. ................ G-5 PROPRIETARY FUND TYPES: Enterprise Funds Combining Balance Sheet...... .............................__............. ....... ........................ ................. H-1 Combining Statement of Revenues, Expenses and Changes in Fund Equity........................................ H-5 Combining Statement of Cash Flows.............. ....... .....................—...... ..................... ........... ......... H-9 Schedule of Expenditures — Budget and Actual: Municipal Service District — Waste.....-......... ...... ..............................__.................... .................... H-13 CardSound Bridge............................................................... ......................... ......... ...................... H-14 Marathon Airport.... . ........ ..................... .................... ................ H-15 KeyWest Airport.....................................-.................. .................. ............................................ .... H-16 Refunding Improvement Revenue Bonds — Series 1991 — Description... .................. ......... .......... H-17 Refunding Improvement Revenue Bonds — Series 1991 — Debt Requirements to Maturity......... H-18 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVEANNUAL FINANCIALREPORT YEAR ENDED SEPTEMBER 30,1994 TABLE OF CONTENTS — CONTINUED PAGE Internal Service Funds Combining Balance Sheet,,-.........*...........**............ ........*.................*.......................... ........... H-19 Combining Statement of Revenues, Expenses and Changes in Fund Equity,.... ...... ................. ........ H-21 Combining Statement of Cash Flows......................_...... ................... ................... ....... ......._... H-23 Schedule of Expenditures — Budget and Actual Worker's Compensation Fund..........................__......... ......._...........................................__.......... H-27 Group Insurance Fund.......... ............... ........... ......... ......... H-28 RiskManagement Fund.......... ................................................ _..........._............. H-29 FleetManagement Fund........ .................. ................ .......................___........... ................ H-30 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Fiduciary Funds CombiningBalance Sheet........___............... ....... ...... .......... ...........:......... ................... Combining Statement of Revenues, Expenditures and Changes in Fund Balances — All Expendable Trust Funds.......... _........... ......................... ........... .................... ... 1— Combining Statement of Changes in Assets and Liabilities — All Agency Funds....... ................ 1-5 Statements of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual: Law Enforcement Trust...... ......... ........I.......... ...._._........ ......................................... 1-8 'Drug Abuse Trust..... ....... ................... ...... ...... ........ 1-9 Shared County and State Health Care Program--,..... ...... ...... ..........__...................... 1-10 CourtFacility Fees........ ......... ........... ........... ...... ....... ........................... General Fixed Assets Account Group Schedule of General Fixed Assets by Source.............*........*.............*..........*............................. J-1 Schedule of General Fixed Assets by Function and Activity...... ........ .............. ........ J-2 Schedule of Changes in General Fixed Assets by Function and Activity............ ............ ............ ... J-4 Long—Term ebt Aocount roue 'Schedule of Changes in General Long—Term Debt........ .............................. J-6 Refunding Improvement Revenue Bonds — Series 1993 (83) — Description.................... .......... ... J-7 Refunding Improvement Revenue Bonds — Series 1993 (83) — Debt Requirements to Maturity...... J-8 Refunding Improvement Revenue Bonds — Series 1993 (88) — Description...._........... J-9 Refunding Improvement Revenue Bonds — Series 1993 (88) — Debt Requirements to Maturity......... J-10 Sales Tax Revenue Bonds, Series 1991 — Description...__...... .... J-11 Sales Tax Revenue Bonds, Series 1991 — Debt Requirements to Maturity....... ......... ......... .............. J-12 STATISTICAL SECTION General Fund Statistical Data General Government Expenditures by Function.... .......___......._...... ............ ...... .............. .......... K-1 General Government Revenue by Source........ .................. ............... .................... K-3 Tax Related Statistical Data Property Tax Levies and Collections........ ....... ...... ......................... ........ ... K-5 Assessed and Estimated Actual Value of Taxable Property... .......... ....................... .......— K-6 Property Value, Construction and Bank Deposits...... ......... ......__....... ...... .... —7 Property Tax Rates — Direct and Overlapping Governments.. ....... ................ ... K-8 PrincipalTaxpayers...... ...... .................................................._......._...........__.......... ... K-9 (Continued) MON'OE COUNTY, FLORIDA COMPREHENSUVEANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30"1994 TABLE OF CONTENTS — CONTINUED PAGE Debt Related Statistical Data � Ratio ofNet GmneraBbndedOebttoAasenaedValueondNetBondedDebtPerCopba------.. K-10 ' Computation of Direct Underlying and Overlapping Debt......................................................... .............. K-11 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General ' GovernmentExpenditures...................................................................................................................... —12 Schedule ofRevenue Bond Coverage — Municipal Service District _VVamte..--.--_---'— ..... K-13 General Statistical Data Schedule of Insurance Companies.......................................................................................................... K-14 Schedule ofInsurance Agencies................................................................................................... .......... K-16 Salaries and Surety Bonds of Principal Officials...................................................................................... N—iO Demographic Statistical Data.......................................................................................................... .... — K-17 Miscellaneous Statistical Data----.-------_-----_.------------------ K-18 SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES Independent Auditors' Report cm Supplemental Schedules of Federal and State Financial Assistance........................................................................................................................................... L-i |Schedule of Federal Financial Assistance-------..'—,-----------_------,—'.. L-2 Schedule mfState Financial Assistance L-8 Notes to Schedules of Federal and State Financial Assistance.............................................................. L-14 Independent Auditors' Report on Compliance with the General Requirements Applicable / to Federal'Financial Assistance............................................................................................................ L—iG | Compliance Specific to Major Federal Financial Assistance Programs........................................................................ L-17 Independent Auditors' Report Compliance with S ific Requirements Applicable to Non Major L_18 Independent Auditors' Report on Compliance with Requirements Applicable to 8a State Grants and Aids Appropriations -------------------_---.-----' L-1Q Independent Audhona' Rmpo�on the |nterna � Structure Used inAdministering .Federal Financial Assistance Programs.............................................................. ............................... L-20 Schedule of Findings and Questioned Costs.......................................................................................... L-23 ` ` ^ �GoUNty� 0 a qOB CO I', &� Mannp Rotbage s BRANCH OFFICE CLER OF THE CIRCUIT COURT BRANCH OFFICE 3117 OVERSEAS HIGHWAY MONROE COUNTY 88820 OVERSEAS HIGHWAY MARATHON, FLORIDA 33050 500 WHITEHEAD STREET PLANTATION KEY, FLORIDA 33070 TEL. (305) 289-6027 KEY WEST, FLORIDA 33040 TEL. (305) 852-7145 TEL. (305) 292-3550 March 24, 1995 the Honorable Shirley Freeman Chairman, Board of County Commissioners Monroe County, Florida Dear Mayor Freeman: It is our pleasure to present to you, the Board of County Commissioners, and the citizens of 'Monroe County, the Comprehensive Annual Financial Report of Mo oe County, Florida for e fiscal year ended September 3 , 1994. This report s prepared`by the Finance Department of the Clerk of the Circuit Court. The accompanying financial statements and statistical tables were prepared in confon-nance with standards set forth bye 1. The Government Accounting Standards Board . The American Institute of Certified Public Accountants and its Committee on Governmental Accounting and Auditing 3. The State Auditor, State of Florida 4. The Government Finance Officers Association of the United States and Canada Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosure, rests with e Clerk of the Circuit Court as Chief Financial Officer of Monroe County. We believe the data as presented is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the fitiancial position and results of operations of the County as measured by the financial activity of its various funds; and that all U'lsclosures.necessary to enable the reader to gain a comprehensive understanding of the co ty's ftnancial activity have been included. The Comprehensive Annual Financial Report (CAFR) is designed to meet the needs of a wide range of financial statement users and is divided into four main sections: introductory, financial, statistical and single audit. The introductory section consists of this transmittal letter, the prior year's Certificate of Achievement for Excellence in Financial Reporting, and Monroe County's A-1 organizational chart. This section is designed to give the reader of the financial report some basic background about the County and its financial position. The financial section includes the general purpose, combining and individual fund and account group financial statements and schedules, as well as the independent auditor's reports. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. The single audit portion of the CAFR is required under,the provisions of the Single Audit Act of 1984 and the U.S. Office of Management and Budget Circular A-128, "Audits of State and Local Governments." Information related to this single audit, including the schedule of federal financial assistance, findings, recommendations, and applicable laws and regulations, are included in the single audit section of this report. The Single Audit Act has allowed us to use our existing independent accounting firm to audit all grants, thereby eliminating the need to hire auditors for each separate grant. THE REPORTING ENTITY Monroe County is a non-charter county established under the Constitution and the laws of the State of Florida. Legislative control is vested with a five-member Board of County Commissioners, each of whom is elected to a four-year term. The elections are staggered so that no more than three commissioners are elected in any given year. The day-to-day operational direction of the County is the responsibility of the appointed County Administrator. The operation of other specific government functions resides with five constitutional officers. The specific functions are indicated by their titles. The elected positions are Clerk of the Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections, and Tax Collector. Under, the direction of the Clerk of the Circuit Court, the Finance Department maintains the accounting system for the County's operations, including the Supervisor of Elections, which is included in the General Fund. The Clerk of the Circuit Court, Property Appraiser, Sheriff, Tax Collector,'and Monroe County Comprehensive Land Authority maintain their own accounting. systems. This Comprehensive Annual Financial Report includes all the operations of the County as a governmental unit over which the Board of County Commissioners exercises significant oversight responsibility. The criteria utilized to determine oversight responsibility includes financial interdependency, designation of management, ability to significantly influence operations, accountability for fiscal matters, scope of public service, budgeting authority, and taxing authority. Accordingly, this report includes the operations of the Board of County Commissioners which also encompasses the Monroe County Municipal Service District-Waste, the Monroe County Tourist Development Council, the Clerk of the Circuit Court,the Property Appraiser, the Supervisor of Elections, the Sheriffs Office, the Tax Collector, and the Monroe County Comprehensive Plan Land Authority. A-2 LOCAL ECONOMIC EVENTS Monroe County was constitutionally formed in 123. It is comprised of a string of subtropical islands that stretch more than one hundred miles into the Atlantic Ocean. These islands are connected in 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 mereninety miles to the south.. Tourism, a major industry in the Florida Keys, remains stable. In fiscal year 1994 a slight growth of 1% or $86,000 was recorded for tourist tax revenues. Tourist taxes are collected by district. There are five such districts in Monroe County. Key West, Dower Keys, Marathon, Islamorada, and Key Largo. Another indicator showing the importance of the tourist industry in Monroe County is that of the top ten taxpayers in the County, nine are hotels. Further evidence of the fiscal year's economic plateau can be seen in the 1% or $56,000 reduction in the taxable property vales. This reduction is a direct result of the damage caused by Hurricane Andrew. In addition, there was an upsurge in the County's bank deposits of 3% over the previous year. Almost 500 residents settled in the Florida Keys this past year; however, this growth is slow compared to fiscal year 1988 which indicated a 2,325 increase in population. Monroe County enjoys a stable unemployment rate of 3.9%, compared to the statewide rate of 7.0%. The fiscal year increase was .3)%. MAJOR INITIATIVES FOR THE YEAR: Construction of the Mon-roe County Detention Facility (approximately 3 ,000,000) on Stock Island was completed. ork continued on some minor items, but the facility was open,and accepting prisoners in February, Infrastructure sales tax funds have been pledged for repayment of the bonds. The completion of the $1,500,000 Fleet Management Garage was one of many steps designed to improve the Fleet Managementprogram.- In addition, a garage facility as purchased in Plantation Key for 41,000 and is being converted for use of the Fleet Management program the Upper Keys. Funding for both of these projects was from the infrastructure sales tax. The ongoing park acquisition program has proven successful during e year. Work progressed at six ( ) school facilities which, der ° terlocal agreements, will be utilized for community recreation.. The approximate $886,000 from the infrastructure tax for these purposes will assist in balancing out a recreational program across the Keys. A-3 In addition', the County proceeded with infrastructure sales tax funded acquisition park programs. One site was purchased on Big Coppitt Key for $100,000 for development into a community park. A secondpark was leased from e local fire corporation to be used as another neighborhood park site. The acquisition cost was from e infrastructure sales tax. Sites in Marathon and Hibiscus Dark in Ivey largo were purchased from infrastructure sales tax and planning has begun for development of those facilities. For Hibiscus Park, the County utilized the infrastructure sales tax to match a grant that had been received from the Florida Communities Trust for the purpose of purchasing park land to comply with appropriate land use standards in e Comprehensive Plan. ,The grant for park acquisition was for approximately $2,200,000. The County plans to continue to match those funds with the infrastructure sales tax for the purchase of additional park land. During the year, the improvement to Card SoundRoad was completed for approximately $3,200,000. The project was designed to raise Card Sound Road to be utilized as a hurricane evacuation route in e event that it is needed. The road was completed on time and paid for from impact fees and bridge revenues. Construction was initiated on the Sheriffs Substation and Tax Collector's facility in Marathon costing approximately $750,000 of infrastructure sales tax funds. These facilities will bring greater services to citizens in that area. The Co 's new terminal at Marathon Airport continued under construction in 1994. The nearly $ , 0,000 project is necessary for more efficient operation of the terminal and airport and will be supported y ftmding from the Federal Aviation,Administration ($4,300,000), Florida Department of Transportation ($1,800,000), passenger Facility Charges ($1,000,000) and e Co ($ 0 ,000 from the infrastructure sales tax). Although completion was anticipated in the fall of 1994, construction was running date due to a number of issues pertaining to the acquisition of materials and special environmental issues. It is anticipated that there will be an April 1995 opening. The negotiations with solid waste collectors and haulers in the Florida Keys proved successful with the conclusion, not only of a major haul-out contract that will save County residents over $6, 0 ,000 over the 13 year terrn of the contract, but also with e signing of three district contracts with collectors. The County now has four, rather ,seven collectors and is providing reduced costs crease service. In addition, a major Co ide curbside recycling effort is beginning and the overall savings to the average household is approximately $ 0 for the entire solid waste program. Planning continued on the renovation of TrumanSchool in Key West. The unused facility has fallen into great disrepair. The plan is to utilize the facility for a new Tax Colector's office with a drive-through window and a Key West based Commission room with television facilities. The A-4 $ ,5 0,000 project is projected for construction in fiscal years 1995 and 1996 and will be paid from infrastructure sales tax. Work commenced on the Big Dine Key Library which will provide additional services to a badly under-served area.. The approximate $20 ,000 project paid from the infrastructure sales tax is ,scheduled for completion in fiscal ye 1995. Planning was completed for the new Sheriffs Administration building on Stock Island. The project is funded by the infrastructure sales tax for over $4,000,000. The Coun 's,ongoi g Fire Station plan progressed with construction of the Big Coppitt Fire Station which is to be completed in fiscal year 1995. The approximate $1,000,000 infrastructure sales tax ftinded project will provide a fire and rescue facility for the Big Coppitt and Lower Keys area. Additional fire facility projects will also commence starting in fiscal year 1995. FOR THE FUTURE: Already in fiscal year 1995, the County has continued efforts, not only under its Capital Improvements Program, but to find ways to save money and improve efficiency. A reorganization of the Departments of Purchasing, Grants and the Office of anage ent and Budget is producing savings while creating greater efficiencies. Cooperation with e Clerk of the Court in terms of processing purchases and budgeting information should e implemented and produce even greater efficiency through the year. A new contract with the Co ty's Construction Management Firm provides that that firm will conclude its services with the County during 1995. In place of those services, the County has created a special construction management section in e Engineering Department and will be doing project construction management with County staff. The overall savings is anticipated to be approximately $700,000 per year of infrastructure sales funds. The County has developed. ongoing monitoring of its Capital Improvement Program which is now revised and adopted at e beginning of each fiscal year. Adjustments can be made as necessary. That Capital Improvement Program represents major efforts for continuing the Co ty's building program through the year 003. A number of projects are scheduled for major work or completion during the fiscal year. Some have already been identified above. ®A new courthouse with rove expanded facilities for the County judiciary Key West, including administrative offices with preliminary estimates at approximately 5,700, 0 . Other improvements will include additional administrative offices for various pas of county government. The project is being done in conjunction with 'other physical changes and improvements of space for many functions such as Truman School improvement, which will house the Monroe County Tax Collector, a new o of County Commissioners meeting room e Co ty's Lower Keys computer operation. Preliminary cost esti ates.are $4,000,000 for that A-5 facility. A new Sheriffs building is under construction on Stock Island to replace the one that will be, vacated as part of the new courthouse/Jackson Square improvements at a total cost of about $4,000,000. The building will provide for more efficient and effective administration- of the entire Sheriffs responsibilities as well as improved emergency communications. All projects are to be funded from infrastructure sales tax. • A new terminal design for the Key West International Airport is presently nearing completion. Administrative and regulatory requirements are being addressed and construction is anticipated to begin in fiscal year 1995 or 1996. The approximate $5,700,00 facility, which includes an increase from 24,000 to 49,000 square feet of. terminal is being funded from a variety of sources. About $3,100,000 is being provided by the Federal Aviation Administration, $1,300,000 from the Florida Department of Transportation, $700,000 from 'Passenger Facility Charges and $600,000 from the County's one cent infrastructure sales tax. • The County has ongoing road maintenance, drainage and bike path projects throughout the Keys. During the year, approximately $3,000,000 in projects were planned-and authorized; with funds coming mostly from the County's annual operating budget for Public Works, impact fees and gas taxes. In addition to the items identified above, the County will continue its work in planning toward a variety of projects. These fall into the design of public facilities and the improvement of many existing facilities such as libraries, county garages and offices. The fire, station plan will continue to be implemented with projects in Key Largobeginning construction ($1,200,000), rehabilitation at the Conch Key Fire Department building ($50,000), and the Tavernier Fire Department ($50,000). Planning will continue with the possibility of taking bids on the Crawl Key Fire Training Facility which will be utilized for training of volunteer fire fighters throughout the Keys. Development of Bernstein Park facilities on Stock Island for a cost in excess of $700,000 to be shared by infrastructure sales tax (as were the projects above) and impact fees will continue. A variety of other projects will proceed during the year. In addition, utilizing the Florida's, Community Trust grant and the infrastructure sales tax, the County will acquire a twelve acre parcel of land in Key Largo for the purpose -of providing a major recreation facility for that area. Funds will come from the infrastructure sales tax. In addition, other projects with County-wide significance will proceed. There will be efforts toward the acquisition of an integrated emergency communication system combining the efforts of all emergency response organizations within the County. Also, land development regulations implementing the Comprehensive Plan will go to hearings during fiscal year 1995. An expanded maintenance program to maintain the parks being purchased under the overall park acquisition program will be put into place with competitive bidding including the Public Works A-6 Department being utilized to effect the best possible service for the least cost. The County's geographic information systems will continue to be developed under the offices of the Growth Management Division with a greater attention being paid to user friendly applications. DEPARTMENT FOCUS: M NROE COUNTY RECYCLING DEPARTMENT The Mon-roe County Recycling Department is dedicated to providing Monroe County citizens with efficient and cost- effective recycle services which meet, or exceed governmental standards. Our focus is on reducing waste in the Keys and encouraging resource recovery through recycling. A minimum solid waste reduction goal of thirty percent (30%) through recycling has been established as part of the Monroe County Comprehensive Plan. Additionally, public awareness of the sensitive nature of the environment in the Keys has prompted concerned groups to support the growth of recycling in their areas. Consequently, various active and successful recycling programs have been adopted throughout the County. Curbside &c Iin The Florida Keys Recycling Program officially began in September, 1959. At that time, three Neighborhood Recycling Centers were set up and.manned as recycling drop-off sites. Over a six year period'this number has grown to our current level oftwenty-nine sites. In 1991 Monroe County-established curbside collection of recyclable materials in two areas, the City of Key West and the Middle Keys. A total of 1 ,000 residential units were included in these curbside collection areas. A landmark in the Recycling Program was achieved this year as curbside recycling was expanded to include all of Monroe County. As of September 30, 1994 all residential and commercial establishments from ey West to Key Largo have curbside recycling available. Recyclables are collected by franchise contractors firorn residents and businesses and are taken to one of four recycling facilities: Recyclable materials include the following: • Aluminum steel cans ® Newspapers • Clear, green and brown glass + Office paper • Plastic soda, milkand detergent containers * Corrugated cardboard Three of the facilities are owned and operated by the County Recycling Department and the fourth by the City of KeyWest's contractor, Community Recycling. At the facilities the material is processed for shipping and marketing. County staff has been aided by various non-profit organizations, volunteers, senior citizens, youth programs, and prisoner trustees in the handling of materials and site operations. Recycling staff can perform a recycling audit of commercial businesses to determine the quantity of materials they are generating. Based on this A-7 information they will develop a recycling program to meet the needs of the individual business. This type of cooperation greatly increases the efficiency of the Recycling Program. Solid Waste Management Plan A solid waste management plan for new construction was developed and implemented in 1989. Yard waste generated from clearing new sites is chipped and used at the site as mulch or ground cover. Alternately, the chipped waste is hauled to a commercial site to be used or sold as a marketable material. There has been a cooperative effort to coordinate all new construction with the . Recycling Department prior to permitting. Architectural plans as well as a Solid Waste Management Plan are reviewed by Recycling for inclusion of recycling areas and waste reduction suitable for the premises. Yardwaste and Mulching Program The mulch program is one of the most successful Monroe County recycling programs. It began in April 1991 and has substantially reduced solid yardwaste. Separate curbside collection of yardwaste, exclusive of Key West, is picked up by Waste Management, Inc. and hauled to one of three transfer stations throughout the Keys. The waste is mulched and is made available to county residents free of charge. The high demand for this mulch has contributed greatly to the success of this program. Backyard Composting In the aftermath of Hurricane Andrew it became apparent that residents of the Keys need to become more self-sufficient in the event that a natural disaster causes a lapse in solid waste collection. This program, implemented in cooperation with County Extension Services, was introduced to train residents in the techniques of composting. Residents were given composters to use in their backyards for composting kitchen scraps and yardwaste. The use and effectiveness of composting will be tracked by three surveys through the one year program. Response was tremendous. Over 800 composters were distributed throughout the Keys. Now the program has been expanded to include commercial composting at restaurants, guest houses, florists and pet shops. Training has been provided in Monroe County schools so students and parents can share in this daily waste reduction activity. And pilot programs have been implemented to-determine if compressed paper meal trays can be composted with food and yard waste. Much of this program's success can be credited to the valuable resulting topsoil additive which is produced in the composters. Scrap Metal RecvclinC� A program to remove, crush and haul abandoned vehicles throughout the County has been developed. A private contractor has been engaged to provide this service to Monroe County. Illegal Dumping Enforcement "Stop Illegal Dumping - Dial 911 is an award winning program that is unique to the Florida Keys. It is a joint program_ shared with the Monroe County Sheriffs Department. .Residents witnessing illegal dumping can dial 911 to report the activity. An officer will investigate the dump site and prosecute any offenders. There' has been great success in reducing the number of illegal dumping incidents. A-8 sec sling-Education In October 1992 an Education Coordinator was employed by the Recycling ep rent. A comprehensive program targeting public schools, civic groups, homeowner's associations, professional associations, the hospitality industry, businesses and government agencies has been developed and implemented. The program emphasizes education d awareness of recycling techniques and applications. Waste reduction through recycling, resource conservation and ruse of non-renewable resources � e among the many important topics this program addresses. Pro°e� t Earthbound un The Recycling Department co-produces a thirty minute weekly television show called "Project Earthbound". The show highlights residential and commercial recycling, local environmental organizations and current issues and activities. Business sponsors are required to have a working recycling program in palace. The show has produced any thirty second commercials, some translated in Spanish, -which have appeared can several television networks. The show has also been presented to Earth Day USA as a national prototype. INTERNAL CONTROL STRUCTURE The internal control structure is designed. to erasure that the assets of the County are protected fi-om loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles: The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met ,for both internal and external reporting purposes. Refining internal controls is an ongoing process which is necessary to provide such assurances. 'The Clerk of the Circuit Court maintains an Internal audit Department. This Department performs financial and compliance audits for the Clerk of the Circuit Court and the Board of County Commissioners. The main functions of the Internal Audit Division are to evaluate the internal accounting controls; ensure compliance,with existing laws and regulations within the Co ty's accounting system, d make recommendations to management for improvement. This evaluation provides management with the assurance that. their financial resources are being properly recordedand adequately safeguarded. In order to qualify for various federal, state and local financial assistance programs, the County must provide assurance that proper internal controls are in place to ensure compliance 'with applicable laws and regulations related to those grants programs. The system of internal controls is subject to periodic evaluation by management and the internal audit staff of the Clerk of the Circuit Court. These internal controls are audited each year by independent Certified Public Accountants and are reported in the Single Audit section of the Cap . The results of A-9 Monroe County's single audit for the fiscal year ended September 30, 1994 showed no instance of material weaknesses in internal control and no significant violations of applicable laws and regulations. GENERAL GOVERNMENT Total general government revenues collected by Monroe County during:the past year amounted to $99.5 million. This amount includes revenues of the General, Special Revenue, Debt Service, Capital Project, and Fiduciary Fund Types but,does not include collections from the Proprietary Funds. The graph to the right illustrates-a ten-year history of Monroe County's general govern- ment revenues. Taxes of $64.4 million comprised the largest general government revenue source. The second largest ---- ........ revenue category is intergov- - Monroe County, Florida ernmental revenues . which General Government Revenues includes a variety of state and federal shared grants and Dollars (in millions) amounts to $19.7 million.-. 120 Charges for services com- --- 100 prises the third largest reve- 80 nue source which amounts to $4.9 million. The remaining general government revenues 40 20 are composed of$3.3,million for interest, $3.0 million for '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 fines and forfeitures, $2.2 Fiscal Year million for miscellaneous revenues and $2.0 million Eg Taxes ❑ Intergovernment ll Miscellaneous for licenses and permits. For 0 Charges Fines graphic purposes miscellane- ous revenues are shown to include licenses and permits and interest. The following chart presents a summary of General, Special Revenue, Debt Service, Capital Projects, and Fiduciary Fund revenues for the fiscal years ended September,30, 1994 and 1993, and the amount and percentages of increases and decreases in relation to prior year revenues. A-10 Percent of Percentage Percentage Revenue Source 1994 1993 Increase of Total of Total Dollars in thousands (Decrease) 1994 1993 Taxes 64,395 $63,936 0.72 64.74 66.60 Licenses & Permits 2,018 2,422 (16.68) 103 2.52 Intergovernmental 19,691 18,172 8.36 19.80, 18.93 Charges for Services 4,895 4,224 15.89 4.92 4140 Fines & Forfeitures 2,955 2,215 33.41 197 2.31 Interest 3,297 3,204 2.90 3.31 3.34 Miscellaneous 2,219 1,833 21.06 2.23 1.91 Total $99,470 $96,006 3,61 100.00 100.00 The increase in Fine & Forfeiture revenues is mainly due to the now Special Revenue Fund, Sheriffs Forfeitures. Similarly, the new Special Revenue Fund, Sheriffs Off-Duty, had an impact to. the 'increase in h es for Services. Other Charges for Services increases were attributed t0 an increase in the rate charged t0 telephone subscribers to support 911 services and an crease in e Tax Collector°s excess fees. Licenses Permits declined as a result of a decrease in the number of building permits issued.. Revenues collected by all fund types, including Governmental r Monroe County, Florida Funds previously listed as well Total Revenues for 1994 as Proprietary Funds amounted to $131,412,885 which represents an increase of 1% apprcax' ately- .13million or ME Taxes c E] Licenses Permits 4.9 f® over � e previous fiscal . The largest Source Intergovernmental year. g 1 Charges for Services a revenue this year in the M Fines&Forfeitures 2% t 3 3 Proprietary Fund Types was [EMD] Intere z% Miscellaneous 18% Charges for Services amounting o approximately $22 million. 2�� The graph to the right illustrates e proportion of revenues attributable to the various ---- ------ -------- -_ sources: A-11 The following schedule presents a summary of General, Special Revenue, Debt Service, Capital Projects and Fiduciary Fund expenditures for the fiscal years ended September 30, 1994 and 1993, and the percentage of change in relation to prior year expenditures; f Percent of Percentage Percentage I Expenditure Function 1994 1993 Increase of Total of Total Dollars in thousands (Decrease) 1994 1993 General Government_ $23,460 $20,909 12.20 23.06 20.40 Public Safety 38,321 347332 11.62 37.67 33.50 Physical Environment 1,305 741 76.11 1.28 0.72 Transportation 4,264 4,175 2.13 4.19 4.07 Economic Environment 7,996 7,812 2..36 7.86, 7.62 Human Services 9,788 5,720 71.12 9.62 5.58 Culture Recreation 2,758 2,345 17.61 2.71 2.29 Debt service 4,628 7,037 (34,23) 4.55 6.87 Capital Outlay 9,207 19;404 (52.55) -9.05 18.94 Total $101,727 $102,475 (0.73) 100.00 100.00 The increase in expenditures related to the.Physical Environment is mainly due to the County's derelict vessel program. The refund of the Mariner's Hospital levy to the applicable taxpayers explains the increase in expenditures to the Human Services function. The majority of the decrease in Capital Outlay is due to the completion of the construction of the new detention facility. Lastly, the decrease in Debt Service is due to the debt restructuring which occurred in the prior year. Monroe County, Florida Total Expenditures for 1994 Expenditures for all fund types, including the Govern- mental Funds previously listed as well as the Proprietary 29%° 1% General Government Funds amounted to ° ❑ Physical Environment o $131,954,189 which`represents Public Safety Transportation an increase Of $4.2 million or 8%° `" Economic Environment o 3.28/o over the,.previous fiscal Culture&Recreation Internal Service year. The chart to the left il- 6 M,Debt service lustrates the proportion of ex- 2% 's' 15% M Capital Outlay 8% ❑ Human Services penditures attributable to the 4% 7`% 7% ❑ Enterprise various functions A-12 The unreserved, uudesi hated fund balance of the General Fund at September 30, 1994 was $10.3 million, representing a decrease from e pricer year of approximately $1.5 million. The graph. below reflects the General F d's unreserved, undesignated ffind, balance for the past ten fiscal years. Unreserved,Monroe County, Florida FGeneral Fund ` ndesignated Fund Balance Dollar (in millions) 14 12 10 p G k 1t:�� S '85 186 '87 188 189 199 191 '92 '93 '94 Fiscal Year This roller coaster image reflects the fluctuations of non ad valorem taxes together with the Board d of CountyCommissioner's actions in minimizing illy rate increases while at the same time responding to public pressures for services. ENTERPRISE FUNDS Enterprise Funds are established to finance and account for the acquisition, operation and maintenance of facilities and services, which are intended to be entirely or predominantly self-supporting thr€ ugh the collection of charges from users, or for which the periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy or other purposes. The County maintains four enterprise funds as follows: A-13 MUNICIPAL SERVICE DISTRICT, WASTE - This fund accounts forte sanitary waste disposal activities of the County. Operational revenues during the fiscal year increased 6%. Net income during the fiscal year decreased 43%. This was due, in part, to e substantial closing f the County's landfill sites and to the completion of the transfer stations. CARD SOUND BRIDGE - This fund accounts for the operations of the Co ty's tall bridge, Operating revenues and expenditures generated during the fiscal year amounted to $1,229,265 and $596,614 respectively. The Card Sound Bridge Improvement evenue Bonds were defused during the fiscal year with a lass of$2 1,760., The majority of the Card Sound Bridge project, elevation of the approach read to aid hurricane evacuation, was completed in this fiscal year: MARATHON AIRPORT - This fund accounts for the operations of the Marathon Airport. Net Income during the fiscal year o ted to $400,013. Construction of a new terminal and several airport upgrades commenced this fiscal year. KEY WEST INTERNATIONAL AIRPORT - This fund accounts for the operations of the Key West International Airport. Operating revenues and expenditures generated during the fiscal year amounted to $1,927,561 and $1,205,089 respectively. FIDUCIARYD FUNDS The County maintains five agency and five expendable trust funds. Fiduciary Funds are established to account for assets held by the County in a trustee capacity or as an agent for individuals, private organizations, other governinent units, or other funds. The total assets of the Fiduciary Funds was $ ,261,453 as of September 30, 1994. The three largest of the funds are Clerk General Agency, Property Tax and the Deferred Compensation Plan, GENERAL FIXED ASSETS The general fixed assets of the County are those fixed assets used in the performance of general governmental nctions and they exclude the fixed assets of Proprietary Funds. As of September 30, 1994, the' general fixed assets of the County amounted to 112 170,3 2. This amount represents the original cost of the assets and bears no relationship to their present value. A-14 There was an 8.87% increase ftom the prior fiscal year. Depreciation of general fixed assets is not recognized in the o ty's accounting system, in accordance with Governmental Accounting Practices. DEBT ADMINISTRATION n March 8, 1994 the Card Sound Bridge S4,585,000 Improvement Revenue Bands were defeased after it was determined that a miscalculation by the engineers on the estimated cost of the construction d improvements occurred. The o ty's financial management teatn. has consistently demonstrated its ability to responsibly manage the fiscal affairs of the government. The nationally recognized ratings on County bonds have historically been Aaa and AAA fTonr oody's Investors Service and Standard & Door's Corporation, respectively. CASH MANAGEMENT The Finance Department monitors the cash needs of the County on a weekly basis. All operating ds in excess of weekly. cash flow Portfolio —- —� needs are deposited with the Focal Government 94 Surplus Funds-Trust Fund under the management Fiscal " � � of the Florida bepartment State board of Average Yields Administration. In addition, the County, through 8% ----- _ ....-__- its financial advisers has structured investment pool of securities with an average duration of approximately sixteen months. 4% Duringthe Fiscal year, the C'ounty's interestearnings ounted to $4,1 1,619. 2% For comparative purposes the average yields on a 0 ----- -- Investment Option 3- onth treasury bill was 4.7 % a 1-year T-bill was 5.93% and a 2-year Treasury note was 0.SBA-Pool 0 3mo.T-bill .5 %. The average yield for investments with [:1 1yr. T-bill 9 2yr.t-note the State Board of Administration : as 4.17%. The graphic representation above is for comparison purposes only. A-15 RISK MANAGEMENT The County's assets are protected through the` risk management program developed and managed by the Risk Management Section of the Human Resources Department. They administer insurance activities relating to fleet auto liability, general liability, and public,official liability. The Risk Management Section, through its coordinated and continuous efforts in monitoring potential risk exposures and implementing safety control programs, coupled with effective claims administration, is striving to meet the goal of minimizing imjury claims which result in economic repercussions to the County. Additionally, the County, managed by the Employee Benefit Section, maintains a Worker's Compensation and Group Insurance Internal Service Funds. Under these programs, all County employees, as well as the employees of the Constitutional Officers, are provided a comprehensive health care plan and term life insurance coverage as well as worker's compensation program. Funding for these programs is generated by charges to the operating departments based on management's annual estimates of claim loss and operating costs. BUDGETARY CONTROL 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, Supervisor of Elections, and Clerk of the Circuit Court prepare budgets for their General Funds which are submitted to and approved by the Board. Formal budgetary integration is employed as a management control device during the year for all fund types except as noted in the Notes to the General Purpose Financial Statements. Monroe County follows the laws of Florida regarding the control, adoption, and amendment of the budget during each fiscal year; in addition, the County Commission increases the level of budgetary control because they approve all cost center, budgetary changes by resolution. As an additional control, the County employs an encumbrance system which reduces available appropriations in governmental funds upon the issuance of purchase orders, contracts, or other forms or legal commitments. Encumbrances at year end do not constitute expenditures or liabilities. They are accounted for as a reservation of fund balance in the year the commitment is made. While appropriations lapse at the end of the fiscal year, the succeeding year's budget resolution provides for the reappropriation of year-end encumbrances. A-16 INDEPENDENT AUDIT Chapter 11.45 of the Florida Statutes requires an independent certified public accountant's financial audit of counties in the State. This requirement has been met for the fiscal year ending on September 30, 1994. and the opinion of the auditors has been included in this report. In addition to meeting the requirements set forth in State Statutes, the audit also was designed to meet the requirements of the Federal Single Audit Act of 1984 and related OMB Circular A®12 . The-auditor's report on the general purpose financial statements and combining individual fimd statements and schedules is included in the financial section of this report. The auditor's reports related specifically to the single audit are included in the Single Audit Section. CERTIFICATE OF A HIEVE EDIT The Government Finance Officers Association of the United States and Canada (GFOA) warded a Certificate of Achievement for Excellence in Financial Reporting to Mon-roe County for its Comprehensive Annual Financial Report for the fiscal'year ended September 30, 1993. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state:and local government financial reports. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized Comprehensive Annual Financial Report, whose contents conform to program standards, Such Comprehensive ensive ual Financial Report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. Monroe County has received a Certificate of Achievement for the last six consecutive years. We believe our current report continues to conform to the Certificate of Achievement program requirements, and we are submitting it to the GFOA. ACKNOWLEDGMENT This report results from the mutual cooperation and dedication of the entire Finance Department for their invaluable assistance under the direction of the Clerk of the Circuit Court of Monroe County as Auditor and Chief Financial Officer to the Board of County Commissioners. Special recognition for the long hours and the collaboration of team spirit needs to be extended to Stephanie Griffiths, Scott Adams, and Lisa Albury, Without their devotion this report would not have been a reality. Our sincerest appreciation is extended to them for all they have accomplished. A-17 Although the Finance Department is responsible for the preparation of this report, the County's independent auditors, Kemp and Green, PA, have contributed substantially to the quality of this presentation. We thank their staff, a special thank you is addressed' to Marva Green, CPA for sharing her knowledge, professionalism, and experience: We also wish to express our thanks to the Monroe County Constitutional Officers, Sheriff Richard Roth, Tax Collector Harry Knight, Property Appraiser Ervin Higgs and Supervisor of Elections Harry Sawyer. Particular recognition is due the County Administrator, James Roberts, for his contribution of the major initiative section of this transmittal letter and the Recycling Department for contributing the departmental focus. We would also like to, express our appreciation to all County employees who have made contributions to this report. In closing, the preparers of this report especially thank the County Commissioners for their interest and support throughout the year in matters pertaining to the financial operations of the County. We thank you and the citizens of Monroe County for the vital role you have played in enabling Monroe County to achieve and maintain a high degree of fiscal responsibility. Thanks to Mayor Shirley Freeman, Commissioner Keith Douglass, Commissioner Wilhelmina Harvey, Commissioner Jack London, and Commissioner Mary Kay Reich. We believe that this report reflects the strong financial health of Monroe County and we submit it to you with pride. Sincerely, Danny L. age Sandra Carlile Clerk of the Circuit Court Finance Director. and Chief Financial Officer A-18 l ll, i. E � Uertief locate of Achievement for Excellence I in Financiai Repo,rtion' g Presented t0 i Monroe Count Florida II j For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 3 , 1993j A Certificate of Achievement for Excellence in Financial Reporting is presented-by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve,the highest standards in government accounting and financial reporting. 3 k c tE � E:I 4cE 0 `af, FTW CFgJ I w" NMO S TES t CA WA �CQRPORAMN PresidentAl LAI €' C8ICAGG �i i,1 j 19 Executive Director I - ,yf oz-e 6 C g O u m m u1 Q uQ M O O r VI Gzz KW W zo0 O G � 6 T WJ X 0OCQ m O O u "OW C of>Q q ✓ v C �p ;IL M.W� S q Y � 6 ILL pn q m Y r u u c c w .- u in u o+ c d J IU-I O: M O u q •L 'OL L P, �C S C 3 ✓c Y m Y q uw r u In u c z u —✓ u7 C q Q O -C z U• q q •01 H U.Z « A W u J j > a c 0 d 0 o q w r Y q u z u ccW W L NO q O T•- YW g K. W O u c L •- U> rut Q Q ✓ c d N ✓ C L yN X C V) q Y E L q 'Yd W Q w O�Y q U OI V f az z ,u q L 0 g L Cd Q J p EC d •c Eq d Q U V1 m L W q L E W u N r g E o > a U. O v w N u u g z Y q ZC O c c u Oa Q ON q. C 7 U UO Yw ✓E ✓M O rr qd Cd •0 02 N 1 =:2 E✓ Y01 u m 1A .N L W Ea K d Ox UH Wh Pm u L c wx g c q 7 q Q O O c O. E OU Q q 7 to z S M tll C L L 1 Y O O r u g w 'W Y W W W 10 u 0 T Q J r z z U c ✓ J ..z'w WMto O o0 (D> g - w U O 7E 10 L, K cV1 r z W N If N q X Q Q0 ✓ O L Q g c w d r L C ✓ L N U l7 > 0 N O m r r ♦+ ✓ Y m r U O. O U q O rWJ z O O 7 -' Cd u Hau Orx a, 0 <y E L IL m0z -3W G c d c7 O =J=) z 0 0 •- •- K O O X Or>u " COZ C d `d w W V) Q q c >K W O z 7 C J > m CL •L W U In z O M N r C d u WY IL d'r 1/1 d N > O N Y w NW U ✓ L -d CM Q z u L L d •m U •L -C w MN O O In C•- q q d w zz> 4- O. d> L L _ o m w c L ✓L E r d 'N NOW W q X d U N U Vf Q W VI J q d U O- > 0 o -�a N O U Certified Public Accountants 1438 KEINNEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM, O. KEMP, C.P.A. (305) 294-25 1 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT Board of County Commissioners Monroe County, Florida e have audited the accompanying general purpose financial statements ofMonroe' County, Florida (the "County„) as of September 30, 1994 and for the year then ended, listed in the foregoing table of contents. These general purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit® e conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular -12 , "Audits of State a 'Local Governments. " Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement® An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose ' inancial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the County as of September 3 , 1994, and the results of its operations and the cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. ' Our audit was made for the purpose of Forming an opinion on the general purpose financial saements, aken as a whole The combining and individual fund and account group financial statements and schedules listed in the foregoing table of contents, which are also the responsibility of the management of the County, are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the County. Such additional information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the general purpose financial statements taken as a whole® Kemp & Green, P.A. Certified Public Accountants March 8, 1995 B-1 KEMP & GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. O. KEMP, C.P.A. (3,05) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE BASED ON AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida (the "County") for the year ended September 30, 1994, and have issued our report thereon dated March 8, 1995. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. " 'Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. In planning and performing our audit of the general purpose financial statements of the County for the year ended September 30, 1994, we considered its internal control structure in order to determine our auditing procedures for the purpose of expressing our opinion on the general purpose financial statements and not to provide assurance on the internal control structure. , The management of the County is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, ,estimates and judgements by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with, management's authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles. Because of inherent limitations An any internal control structure, errors or irregularities may, nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. For the purpose of this report, we have classified the significant internal control policies and procedures in the following categories: - Revenues/Cash Receipts Expenditures/Cash Disbursements External Financial Reporting - Payroll/Personnel Controls used in Administering Compliance with Laws and Regulations - General and Specific B-2 For all of the control categories listed previously, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk. Our consideration of 'the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a reportable condition in which the design or operation of one or more of the specific internal control structure elements does not reduce to a relatively low level the risk that errors and irregularities in amounts 'that would be material in relation to the general purpose financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control structure and its operations that we consider to be material weaknesses as defined above. However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the County in a separate letter dated March 8, 1995. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. FAT Kemp & Green, P.A. Certified Public Accountants March 8, 1995 B-3 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNIEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AM•ERICAN INSTITUTE WM. O. KEMP, C.P.A. (3,05) 294-2581 AND FLORIDA, INSTITUTE OF MARVA E. GREEN, C.P.A. FAX ;' (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE BASED ON THE AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida ("The County") as of and for the year ended September 30, 1994, and have issued our report thereon dated March 8, 1995. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General- of the United States, and, the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments. "" Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grants applicable to the County is the responsibility of the County's management. As part of obtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we performed tests of the County's compliance with certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit of the general purpose financial statements was not to provide; an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. The results of our tests indicate that, with respect to the items tested, the County complied, in all material respects, with the provisions referred to in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those provisions. We noted certain immaterial instances of noncompliance that we have reported to the management of the County in a separate letter dated March 8, 1995. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants March 8, 1995 B-4 GENERALFUND The General Fund is the general operating fund of the County. It is used to account for all financial resources except for those required to be accounted for in another fund. The General Fund has a greater number and variety of revenue sources than any other fund and its resources finance a wider range of activities. The resources of the General Fund are ordinarily largely expended and replenished on an annual basis. SPECIAL REVENUE FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted by law or administrative action for specific purposes. DEBT SERVICE The Debt Service Funds are used to account for the payment of principal,interest and expenditures on long—term debt other than debt payable from the operations of Enterprise Funds. CAPITAL PROJECTS FUNDS The Capital Projects Funds are used to account for financial resources segregated for the acquisition or constuction of major capital facilities other than those financed by enterprise operations. ENTERPRISE FUNDS The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that the costs(expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. INTERNAL I FUNDS The Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the County, or to other governments, on cost—reimbursement basis. FIDUCIARY The Fiduciary Funds are used to account for the assets held by the County as trustee or agent for individuals,, private organizations, and other governments. GENERAL FIXED The General Fixed Assets Account Group is used to account for those assets used in the performance of general governmental functions and excludes the fixed assets of proprietary funds. GENERAL LONG—TERM The General Lon —Term Debt Account Group is used to account for the Coun 's liability for special revenue bonds and other general long—term obligations, which are not obligations of the Enterprise Funds. MONROE COUNTY,FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 1994 GOVERNMENTAL F Special Debt Capital General Revenue ServiceProjects_ ASSETS AND OTHER DEBITS Assets: Cash and Cash Equivalents ,067,075 $ 33,159,455 -- 5,261, 97 Cash with Fiscal Agent —— —_ __ -- Investments at Cost or Amortized Cost 5,668,210 11,6 , 86 -- 10,552,501 AccountsReceivable: Delinquent Waste Collection Fees, -- -- -- -- Allowance for Uncollectible Waste Collection Fees —— —— —— -- Other 149,613 1,810,067 -- 10,000 Allowance for Other Uncol ctile -- (1,605,711) — -- Mortgage ago oto Receivable — 1,379,724 ®—Allowance for ortgae Receivable -- (24 ,15 ) -- — Inventory 11,8 -- Inventory of Land for Resale —— 7,43 ,651 —— -- Due from Other Funds 458,213 355,434 -- 491,360 Due from Other Governmental Units 4,3 ,72 2,11 ,101 -- 1,45,588 Interest Receivable 60,237 152,973 -- 107,978 Restricted Assets: Cash and Cash Equivalents -- -- 3,270,848 -- Investments at Cost or Amortized Cost —- —— 4,87,741 —— Property, (filet, Where Applicable of Accumulated Depreciation) -- -- -- Deferred Charges (Vet) 3 ,857 -- -- -- OtherDebits: Amount Available for Debt Service — -- -- Amount to be Provided for Retirement of General Long--TerDebt -- -- --- -- Total Assets and Other Debits $ _16,780866 $ 56,178A27 $ 8�128589 $ 17,9 824 C-1 FIDUCIARY PROPRIETARY FUND TYPES FUND TYPES ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long-Term Memorandum Enterprise Service _A_Agency Assets Debt Only $ 9,720,852 $ 2,018,639 $ 6,165,,487 $ -- $ -- $ 62,392,905 8,015 -- — — -- `8;015 5,531,804 2,279,722 1,857,673 -- -- 37,510,796 1,115,851 -- -- -- 1,115,851 (1,008,062) -= -- -- -- (1,008,062) 570,241 323,278 64,254 -- — 2,927,453 (55,607) -- -- -- -- (1661,318) -- —— —— —— —— 1:379,724 -- -- -- -- -- (248,153) -- 18,102 -- -- 30,001 -- -- -- -- -- 7,438,651 189,294 79,937 —— —— =— 1,574,238 1,662,481 6,593 174,039 -- -- 9,772,564 72,818 30,008 -- -- 424,014 1,628,377 - —— — —— 4,899,228 1,669,084 -- -- -- -- 6,526,825 20,891,368 2,183,050 112,170,392 135,244,810 285,600 -- -- -- -- 322,457 —— —— —— —— 8,125,631 8,125,631 —= -- — 39,159,177 39,159,177 $ 42.282,116 $ 6,939,329 $ 8,261,453 $ 112,170,392 $ 47,284,808 $ 3153934 804 The notes to the financial statements are an integral part of these statements. C-2 (Continued) MONROE COUNTY, FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS — CONTINUED SEPTEMBER 30, 1994 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects LIABILITIES, FUND EQUITY AND OTHER CREDITS Liabilities: Accounts Payable $ 1,461,943 $ 1,564,444 $ 2,958 $ 2,463,566 Tax Anticipation Note - -- 310,000 — -- Accrued Wages and Benefits Payable 1,759,835 277,572 -- 5,409 Accrued Compensated Absences Payable 316,955 36,399 -- -- Due to Others -- -- -- -- Claims and Judgements Payable —— —— —— —— Due to Other Funds 397,392 372,636 -- 176,604 Due to Other Governmental Units 2,108,833 532,774 -- -- Matured Bonds Payable -- -- -- -- Matured Interest Payable -- -- -- -- Matured Premium Payable -- -- -- -- Deposits in Escrow 1,040 2,650 —— —— Deferred Revenues 256,832 344,968 -- 1,984,377 Capital Leases Payable — -— —— Payable from Restricted Assets: Accrued Interest Payable — -- -- -- Revenue Bonds Payable — Current — —— —— —— Landfill Closure Costs -- -- -- -- Other Current Liabilities 2,113 57 —— —— Long—Term Debt -- -- -- Total Liabilities 6,304,943 3,441,500 2,958 4,629,956 Fund Equity and Other Credits: Investment in General Fixed Assets -- -- -- -- Contributed Capital —— — —— —— Retained Earnings: Reserved for Revenue Bond Retirement — -- -- -- Unreserved -- -- -- -- Fund Balances: Reserved for Encumbrances 169,211 127,388 28,438 Reserved for Trust Fund Purposes —— —— —- —— Reserve for Land Acquisition -- 3,262,265 -- Reserve for Inventory -- 7,438,651 -- -- Reserved for Mortgage Loans -- 868,548 -- -- Reserved for Debt Service -- — 8,125,631 -- Unreserved, Designated for Beaches -- 1,086,213 -- -- Unreserved, Undesignated 10,306,712 39,953,862 -- 13,250,430 Total Fund Equity and Other Credits 10,475,923 52,736,927 8,125,631 13,278,068 Total Liabilities, Fund Equity and Other Credits $ 16.780,866 $ 56,178,427 $ 8.128,589 $ 17 908,824 C-3 FIDUCIARY PROPRIETARY FUND TYPES FUND TYPES ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long-Term or Enterprise Service & Agqqqy Assets Debt_ Only 3,876,393 64,659 13,741 -- - 9,452,704 -- -- _- -- -- 310,000 104,067 40,521 2,187,404 36,467 33,571 -- 428,392 -- -- 4,398,120 4,3 8,120 26 , 9 2,906, 57 -- -- - 3,167, 26 522,676 104,930 -- -- -- 1,574,238 345 -- 3,346,947 -- -- 5,989,399 5,000 -- --- 5,000 19 -- __ -- 19 ,996 -- -- _ __- 2,99 87,984 91,674 25,358 2,611,535 129,97 - -- __ -- 129,927 295,459 - _ _- -- -- 295,459 300,000 300,000 668,212 -- - - 668,212 -- 1,697 -- __ --- 3,567 11,578,343 33,091 -- - 47,2 ,603 53,3 ,242 171 ,715 3,1 0,426 7,763,808 -- 47,2 808 90, 13,114 -- -- -- 112,170,392 -- 112,170,392 10,0 ,774 2,071,573 12,157,347 1, 70,009 -_ __ _ -® 1,970,009 12,331,618 1,677,330 -- -- -- 14,0 ,94 _ __ -- -- -- 325,037 497,6'45 -- 497,645 3,262,265 7,438,651 868,548 - - - -- -- -- 8,125,631 1,086,213 63,511,004 24,387,401 3,748,903 497,645 112,170,392 __ 225,421,690 $ 42,28 ,116 $ 6,939,329 $ 8,261,453 112,17 ,392 $ 47,2 ,30 $ 315,934,604 The notes to the financial statements are an integral part of these statements. -4 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects Revenues: Taxes $ 10,435,230 $ 44,006,285 $ -- $ 9,953,100 Licenses&Permits 225,446 1,792,632 -- -- Intergovernmental 11,610,946 6,823,724 1,079,732 176,472 Charges for Services 3,149,001 1,706,228 — -- Fines&Forfeitures 23,112 2,684,946 -- -- Interest 543:224 1,684,178 320,687 737,557 Miscellaneous 721,534 1,426,839 -- 18,390 Total Revenues 26,708,493 60,124,832 1,400,419 10,885,519 Expenditures: Current: General Government 19,081,257 4,352,474 -- -- Public Safety 26,526,868 11,603,975 -- -- Physical Environment 805,606 499,455 -- -- Transportation 65,594 4,198,087 -- -- Economic Environment 458,178 7,537,895 -- -- Human Services 5,588,331 4,199,492 -- -- Culture and Recreation 1,696,269 1,061,434 -- -- Debt Service 84,713 20,284 4,522,839 -- Capital Outlay —— —— —— 9,207,017 Total Expenditures 54,306,816 33,473,096 4,522,839 9,207,017 Excess of Revenues Over/ (Under) Expenditures (27,598,323) 26,651,736 (3,122,420) 1,378,502 Other Financing Sources/(Uses): Transfers from Other Funds 27,322,881 300,431 .4,881,615 Transfers to Other Funds (1,260,250) (26,184,216) -- (6,6§0,718) Capital Lease Acquisition 225,250 -- -- Total Other Financing Sources/(Uses) 26,287,881 (25,883,785) 4,881;615 (6,690,718) Excess of Revenues and Other Sources Over/(Under) Expenditures&Other Uses (1,310,442) 767,951 1,759,195 (5,012,216) Fund Balance, October 1, 1993 11,900,381 48,710,899 6,351,930 18,305,590 Prior Period Adjustment (99,473) -- Residual Equity Transfer (14,543) 3,300,000 14,506 (14,506) Fund Balance,September 30, 1994 $ 10,475,923 $ 52,736,927 $ 8,125,631 $ 13,278 868 C-5 FIDUCIARY FUND TYPES TOTAL Expendable or Trust nIy -- 64, 4,615 -- ,018,078 —— 19,690,874 ,237 4,895,466 247,377 2,955,435 10,881 3,296,527 51,787 2,218,50 0,282 99,469,545 ,318 23, 0,049 190,332 38,321,175 1,305,061 -- 4,263,681 9,7 7,823 — 2,757,73 — 4,627,836 -- 9,207,017 216,650 101,7 ,41 1 632 (2,256,873) —— 32,504,927 -- (34,135,184) —— 225,250 5,007) 133,632 (3,661,880) 368,629 85,637,429 -- (141,396) (4,616) 3,280,841 497,645 $ 85,114,99 e notes to the financial statements are an integral part of these statements. —6 MONROE COUNTY, FLORIDA COMBINED SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 GENERALFUND Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 10,817,212 $ 10,435,230 $ (381,982) Licenses& Permits 230,000 225,446 (4,554) Intergovernmental 12,473,761 11,610,946 (862,815) Charges for Services 3,109,184 3,149,001 39,817 Fines& Forfeitures 17,100 23,112 6,012 Interest 410,500 543,224 132,724 Miscellaneous 409,924 721,534 311,610 Total Revenues 27,467,681 26,708,493 (759,188) Expenditures: Current: General Government 19,730,261 19,089,425 640,836 Public Safety 26,975,328 26,526,868 448,460 Physical Environment 1,115,812 805,606 310,206 Transportation 71,219 65,594 5,625. Economic Environment 1,002,083 458,178 543,905 Human Services 6,942,392 5,588,331 1,354,061 Culture and Recreation 1,909,267 1,696,269 212,998 Debt Service 90,638 84,713 5,925 Capital Outlay —— —— —— Total Expenditures 57,837,000 54,314,984 3,522,016 Excess of Revenues Over/(Under) Expenditures _(30,369,319) (27,606,491) 2,762,828 Other Financing Sources/(Uses); Reserve for Contingencies (338,368) -- 338,368 Transfers from Other Funds 27,924,918 27,322,881 (602,037) Transfers to Other Funds (1,260,250) (1,260,250) —— Capital Lease Acquisition -- 225,250 225,250 Total Other Financing Sources/(Uses) 26,326,300 26,287,881 (38,419) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses Budgetary Basis (4,043,019) (1,318,610) 2,724,409 Total Adjustments —— 8,168 8,168 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - GAAP Basis (4,043,019) (1,310,442) 2,732,577 Fund Balance, October 1, 1993 11,900,381 11,900,381 —— Prior Period Adjustment -- (99,473) (99,473) Residual Equity Transfer -- (14,543) (14,543) Fund Balance, September 30, 1994 $ 7,857,362 $ 10,475,923 $ _ 2,618,561 C-7 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Variance Variance Favorable Favorable Bud_et Actual (Unfavorable) Bud_ et Actual (Unfavorable) $ 44,268,762 $ 44,006,285 $ (262,477) $ -- . $ -- $ -- 1,070,000 1,792,632 722,632 -- -- -- 5,430,740 5,241,214 (189,526) 800,125 1,079,732 279,607 1,079,250 1,525,006 445,756 -- -- -- 2,034,500 2,232,282 197,782 -- -- -- 1,444,005 1,684,178 240,173 213,000 320,687 107,687 952,758 1,938,666 985,908 =- -- -- 56,280,015 58,420,263 2,140,248 1,013,125 1,400,419 387,294 8,896,792 4,599,586 4,297,206 -- -- -- 10,689,237 9,387,579 1,301,658 -- -- -- 1,021,882 499,455 522,427 -- -- -- 18,489,883 4,198,087 14,291,796 -- -- -- 10,506759 7,537,895 ` 2,968,1864 -- -- -- 7;288,646 4,199,492 3,089,154 —— —— —— 1,963,517 1,061,434 902,083 —— —— —— 433,836 415,284 18,552 6,048,383 4,522,839 1,525,544 59,290,552 31,898,812 27,391,740 6,048,383 4,522,839 1,525,544 (3,010,537) 26,521,451 29,531,988 (5,035,258) (3,122,420) 1,912,838 (298,600). — 298,600 (2,345,126) -- 2,345,126 300,431 293,851' (6,580) 4,900,000 4,881,615 (18,385) (26,786,254) (26,177,636) 608,618 -- -- — (26,784,423) (25,883,785) 900,638 2,554,874 4,881;615 2,326,741 (29,794,960) 637,666 30,432,626 (2,480,384) 1,759,195 4,239,579. 2,207;500 130,285 (2,077,215) -- -- -- (27,587,460) 767,951 28,355,411 (2,480,384) 1,759,195 41239,579 48,710,899 48,710,899 -- 6,351,930 6,351,930 -- —— (41,923) (41,923) —— —— 3,9001000 3,300,000 (600,000) -- 14,506 14,506 $ 25,023,439 $ 52,736,927 $ 27,713,488 $ ....3,871,546 $ 8,125,631 $ 4,254,085 The notes to the financial statements are an integral part of these statements. C-8 (Continued) MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 CAPITAL PROJECT FUNDS Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 7,775,000 $ 9,953,100 $ 2,178,100 Licenses& Permits -- -- -- Intergovernmental 2,160,849 176,472 (1,984,377) Charges for Services —- -- Fines&Forfeitures -- -- - Interest 427,000 737,557 310,557 Miscellaneous 75,000 18,390 (56,610} Total Revenues 10,437,849 10,885,519 447,670 Expenditures: Current: General Government -- -- -- Public Safety -- -- -- Physical Environment -- -- Transportation —— —— — Economic Environment -- -- Human Services -- -- -- Culture and Recreation -- -- Debt Service —— —— —Capital Outlay 18,577,852 9,207,017 9,370,835 Total Expenditures 18,577,852 9,207,017 9,370,835 Excess of Revenues Over/(Under) Expenditures (8,140,003) 1,678,502 9,818,505 Other Financing Sources/(Uses) Reserve for Contingencies (1,317,078) —— 1,317,078 Transfers from Other Funds -- -- -- Transfers to Other Funds (7,660,814) (6,690,718) 970,096 Capital Lease Acquisition —- —— -- Total Other Financing Sources/(Uses) (8,977,892) (61690,718) 21287,174 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — Budgetary Basis (17,117,895) (5,012,216) 12,105,679 Total Adjustments Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — GAAP Basis (17,117,895) (5,012,216) 12,105,679 Fund Balance, October 1, 1993 18,305,590 18,305,590 -- Prior Period Adjustment Residual Equity Transfers -- (14,506) (14,506) Fund Balance, September 30, 1994 $ 1.187,695 $ 13,278,868 $ 12,091,173 C-9 EXPENDABLETRUST F TOTAL - L Variance ri c Favorable Favorable Budget Actual (Unfavorable et Actual ( rtfavera le) 62,860,974 64,3 ,615 1,533,641 -® -- -- 1,300,000 2,018,078 718,078 20,865,475 18,1 ,364 (2,757,111) 30,000 40,237 10,237 4,218, 34 4,714,244 495,810 22,241 247,377 15,136 2,283,841 2,502,771 218,930 5,160 10,881' 5,721 2,499,665 3,296,527 796,862 ® __ -- 1,437,682 2,678,590 1,240, 08 267,401 298,495 31,094 95,4 ,071 97,713,189 2,247,118 210,000 26,318 183,682 28,837,053 23,715,329 5,121,724 326,494 157,391 16 ,103 37,991,059 36,071,838 1, 19,221. -- -- 2,137,694 1,305,061 832,633 18,561,102 4,263,681 14,297,421 -- -- -- 11, ,842 7, 96,073 3, 12,76 20,000 - 20,000 14,251,038 9,787,823 4,463,215 -- -- 3,872,784 2,757,73 1,115, 81 -- -- -- 6,572,857 5, 22,836 1,550,021 __ __ __ 18,577;352 9,27,017 9,370,835 556,494 183,709, 372,785 142,310,281 100,127,361 42,182, 20 (289,093) 114,786 403,879 (46,8 ,210) (2,4142172) 4.4,4 ,038 (12,573) -- 12,573 (4,311,745) - 4,311,745 - -- -- 33,125,349 32,4 ,347 (627,002) (35,77,318) (34,1 ,604) 1,578,714 __ __ 225250 225,250 (12,573) -- 12,573 (6,8 3,714) (1,405, 07) 5,488,707 (301,666) 114,786 416,452 (53,7 ,924) (3,819,179) 49,918,745 _- 18,846 18,846 2,207,500 157 299 (2,050,201) (301,666) 133,632 435,298 (51,5 ,424) (3,661,880) 47,8 , 44 368,629 368,629 -- 85,6 ,429 85,6 ,429 - __ __ - (141,396) (141,396) -- (4,616) 4,616 3,900,000 3,280,841 (619,159} 66,963 $ 497,645 430,682 38, 7,05 8 ,114,94 47,107,989 e notes to the financial statements are an integral part of these statements. -10 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Internal Total Enterprise Service (Memorandum Funds Funds 0 n ly)L ................... ............. ....... Operating Revenues: Tolls $ 1,116,343 $ $ 1,116,343 Charges for Services 13,609,640 8,331,366 21,941,006 Franchise Fees 3,144,563 3,144,563 Fines and Forfeitures 2,331 2,331 Miscellaneous 454, 122 620449 ...... .................................1,074,571 Total Operating Revenues 18 326 999 8,951,815 27,278 814 , Operating Expenses. Personal Services 2,398,831 1,142,036 3,540,867 Operations 15,298,938 3,145,34,4 18,444,282 Landfill Post Closure 205,500 205,500 Depreciation and Amortization 1,290,948 209,102 1,500,050 Asserted and Paid Claims 5,503,557 5,503,,557 ....... ..................... Total Operating Expenses 19,194,217 10,000,039, 29,194,256 .................................................................. Operating Loss (867,21 ..(1,048,2?�).. ...... Non-Operating Revenues (Expenses): Operating Grants 3,779,434 3,779,434 Interest Income 761,865 123,227 885,092 Interest Expense and Fiscal Charges (863,070) (863,070) Loss on Disposition of Assets J.1 70 44, 170 4. 5 4 ,. 4 Total Non.-Operating Revenues 3 507 784 227 3631011 Income (Loss) Before Operating Transfers 2 6!!Tq66 924997 11,7115 569 .......... Operating Transfers: Transfers from Other Funds 6,365,022 91,905 6,456,927 Transfers to Other Funds —4j" j .,99 1 6 j,.�670�................. Total Operating Transfers 1580028 50,229 ................................1...,630 257 Net Income (Loss) Before Extraordinary Item 4."0 594 -��76K Extraordinary Loss on and Defeasance 281 §0 8170 C-11 (Continued) MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL PROPRIETARY FUND TYPES — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Internal Total Enterprise Service (Memorandum Funds FundsOnl ....................... Net Income(Loss) 3,938,834 (874,768) 3,064,066 Fund Equity— October 1, 1993 21,181,259 2,559,633 23,740,892 Prior Period Adjustment (49,717) (7,535) (57,252) Residual Equity Transfer (3,300,000) (3,300,000) Contributed Capital 2617025 §73_?.',071... ......................4688598 Fund Equity— September 30, 1994 ..24,,387401 3748 03 28136304 .......... The notes to the financial statements are an integral part of these staternents. C-12 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Internal Total Enterprise Service (Memorandum Funds Funds Only) Cash flows from operating activities: Cash received for services $ 17,782,707 $ 8,478,875 $ 26,261,582 Cash payments to suppliers for goods and services (16,445,326) (8,679,840) (25,125,166) Cash payments to employees for services (2,343,086) (1,078,226) (3,421,312) Other operating revenue 456,453 620,449 1,076,902 Net cash used by operating activities (549,252) (658,742} (1,207,994) Cash flows from noncapital financing activities: Operating grants received' 3,324,186 —— 3,324,186 Operating transfers from other funds 61365,022 91,905 6,456,927 Operating transfers to other funds (4,784,994) (41,676) (4,826,670) Net cash provided by noncapital financing activities 4,904,214 50,229 4,954,443 Cash flows from capital and related financing activities: Proceeds from capital grants 2,384,961 -- 2,384,961 Acquisition and construction of capital assets (6,122,857) (308,011) (6,430,868) Principal paid on capital debt (1,247,010) -- (1,247,010) Interest paid on capital debt (867,836) -- (867,836) Defeasance of bonds (4,565,271) -- (4,565,271) Residual equity transfer (3,300,000) -- (3,300,000) Net cash used by capital and related financing activities {13,718,013} (308,011) (14,026,024) Cash flows from investing activities: Purchase of investment securities (37,143,503) (5,720,166) (42,863,669) Proceeds from sale and maturities of investment securities 47,481,230 5,626,547 53,107,777 Interest on investments 937,627 120,509 1,058,136 Net cash provided by investing activities 11,275,354 26,890 11,302,244 Net increase (decrease) in cash and cash equivalents ' 1,912,303 (889,634) 1,022,669 Cash and cash equivalents at beginning of year 9,444,941 2,908,273 12,353,214 Cash and cash equivalents at end of year $ 11,357,244 $ 2,01&639 $ 13;375,883 C-13 (Continued) . MONROE COUNTY, FLORIDA COMBINEDT T T OF CASH FLOWS L PROPRIETARY FUND TYPES _ CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 a RECONCILIATION OF OPERATING INCOME T T CASH PROVIDEDY OPERATING AC11VITIES Internal Total Enterprise Service (Memorandum Funs Funs nI ) Operating loss (8 7,218) (1,048,224) (1,915,442) Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation and amortization 1,290,948 20 ,102 1,500,050 Abandoned construction project 10,586 10,586 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable (84,114) (137,501) (221,615) Inventory — 1,057 1,057 Due from other fun 16,042 275,424 291,466 Due from other government units (26,623) 9,586 (17,037) ( ecrea )/Increase in: Accounts payable 2,48 ,817 (108,685) 2,377,132 Accrued wages 20,245 2 ,451 49,696 Compensated absences 35,500 34,359 69,859 Asserted and paid claims (6,009) 57,1 51,146 e to other funds 263,316 24,539 287,855 Due to other governmental units 459 -- 459 Deposits 6,397 -- 6,397 Landfill.closure costs (3,694, 98) — (3,694,598) Other current liabilities -- (5,005) (5,005) Total adjustments 317,966 389,482 707,448 Net cash used by operating activities $ (54 , 2) $ (658,742) 1,207,994) SUPPLEMENTAL L F FINANCING CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ 232,064 $ 2,052,414 $ 2,284,47 Contributed inventory $ __ 19,159 , $ 19,159 Loss on disposition of fixed assets $ 170, 5 $ ®_ 170,445 Capital lease purchases $ 2,335,830 $ — $ 2,335,830 The notes to the financial statements are an integral part of these statements. C-14 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and the presentation of the financial report of Monroe County, Florida have been designed to conform to generally accepted accounting principles as applicable to governmental units, in accordance with the Governmental Accounting Standards Board (GASB) . GASB embodies the official pronouncements previously issued by the National Council on Governmental Accounting (NCGA) . The following is a summary of the significant accounting policies. Reporting Entity - Monroe County is a Non-Charter County established under the Constitution and the laws of the State of Florida. There are six offices elected County-wide, which are as follows: Board of County ,Commissioners, composed of five members, Clerk of Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. The Board of County Commissioners is the legislative body of Monroe County and as such budgets and provides all the funding used by the separate Constitutional Offices with the exception of fees collected by the Clerk of Circuit Court and the Tax Collector. Under the direction of the Clerk of Circuit Court, the Monroe County Finance Department maintains the accounting system for the County's - operations, including those of the Supervisor of Elections and the Clerk of Circuit Court, which are included in the General Fund, but excluding those of the Property Appraiser, Sheriff and Tax Collector, each of which maintains its own accounting system. The operations of the County as a whole, however, including. all of the Constitutional Offices, have been combined in these financial statements. For financial reporting purposes, the County includes all funds and account groups of governmental operations over which the County has the ability to exercise oversight responsibility. The manifestations of this ability include financial interdependency, selection of governing body, ability to significantly influence operations, designation of management, accountability of fiscal matters, as well as the scope of services provided in the community. Sufficient oversight responsibility by the County Commission has been determined for the Comprehensive Plan Land Authority of Monroe County and, as a result, it has been included in the County's Comprehensive Annual Financial Report for the year ended September 30,, 1994. Services provided by the County and accounted for within these financial statements include police services for unincorporated areas of the County, health and social services, emergency medical services, cultural and recreational programs, solid waste services and other governmental services. The following organizations are not part of the County and are accordingly excluded from the accompanying financial statements, although they also provide services to County residents. C-15 'MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 199 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The Monroe County Housing Autority' - The Commissioners are appoints by the Governor of the State of Florida. The County has no involvement in the Authority's budgets, debts, , management or operations. The Monroe County Mosquito Control 'District The Board is elected by the citizens of Monroe County. The County has no involvement in theDistrict's budgets, debts, management or operations. The Monroe County School Board - The members of the governing body of the School Board are elected by the voters of Monroe County. Outstanding debt o the School Board is not an obligation of the County. The Property Appraiser extends the tax roll and the Tax Collector bills and collects the taxes calculated by the Property Appraiser for the School Board. The County is not directly accountable for the School Board's fiscal matters. The Monroe County Fine Arts Council - Although the Board has a limited power to appoint members to the Council 's Board of Directors, the County has no involvement in the Council 's budgets, debts, management or operations. Basis of Presentation - The accounts of the County are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Fund structures, where applicable, have been designed to comply with all requirements of the bond resolutions and regulatory provisions or administrative action. The operations of each fund are accounted for with a set of separate self-balancing accounts comprised of its assets, liabilities, equities, revenues and expenditures, or expenses, as appropriate. The various funds are grouped by type in the financial statements. The following fund types and account groups are used by the County® Governmental Funds: General Fun - 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 generally accepted accounting principles to be accounted for in other funds are accounted for in the General Fund. General operating funds of the Property Appraiser, Sheriff, and Tax Collector represent subfunds of the County's General Fund that are held and accounted for individually, but presented herein with the balance of the Board of County Commissioner's operating funds. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than those associated with expendable trusts or major capital projects) requiring separate accounting because of legal or regulatory provisions or administrative action. C-16 OROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTMBER 30 1994 NOTE l - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Debt Service Funds - Debt Service Funds are used to account for the payment of principal , interest, and other expenditures related to long-term debt, other than bonds and loans payable from the operations of Proprietary Funds. CaDital, Project Funds - Capital Project Funds are used to account for financial resources segregated for the acquisition or construction of major capital facilities other than those financed by proprietary operations. Proprietary Funds: Enterprise Funds - Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the stated intent is that the cost (expenses, including depreciation) o providing goods or services to the general public on a continuing basis be financed primarily through user charges or where periodic determination of revenues earned, expenses incurred, and/or net income is deemed appropriate for capital maintenance, public policy, management control , accountability or other purposes. Internal Service Funds - Internal Service Funds are used to -account for the financing of goods or services provided by one department to other departments of the County or to other governmental units on a cost reimbursement basis. Fiduciary Funds: Expendable Trust Funds - Expendable Trust Funds are generally used in instances where legally mandated or where a formal legal trustee relationship exists. Both principal and income may be expended in the course of their designated operations. Agency Funds - Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. Agency Funds are merely' clearing accounts for assets held by a government as an agent for individuals, private organizations, other governments, or other funds. Account Groups: General Fixed Assets Account Group - This account is established to account for all fixed assets of the County, other than those accounted for in the Enterprise and Internal Service Funds. C-17 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER-30,-1994 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) General Long-Term Debt Account Group - This account group is established to account for the long-term debt of the County financed from Governmental Funds. Basis of Accounting - The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i .e. , revenues and other financing sources) and decreases (i .e. , expenditures and other financing uses) in net current ,assets. All Proprietary Funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i .e., net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund-type operating statements present increases (e.g. , revenue) and decreases (e.g. , expenses) in net total assets. Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied. The modified accrual basis of accounting is followed in the Governmental Funds, Agency Funds, and Expendable Trust Funds. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become susceptible to accrual - that is, when they become both measurable and available o finance expenditures of the current period. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Primary revenues, which include taxes, intergovernmental revenues, charges for services, rents and interest are treated as susceptible to accrual under the modified accrual basis. Receivables related to these revenues are not recognized unless they are collectible within 60 days after the fiscal year end. Expenditures and transfers out are recorded when the related fund liability is incurred. Exceptions to this general rule included (1)` accumulate sick pay, vacation pay, and compensatory time, which are not recorded as expenditures; ( ) prepaid items, which are reported only on the Balance Sheet and do not affect expenditures; and ( ) principal and interest on long-term debt, which are recognized when due. Budgets for Governmental Funds are also prepared on the modified accrual basis, with certain exceptions described under budgets and budgetary data. 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. C-1 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) n one, monies must be expended on the specific purpose or project before any amounts will be paid to the County? therefore, revenues are recognized based on 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 equal employment opportunity. These resources are reflected as revenues at the time of receipt or earlier if they meet the availability criterion. Licenses and permits, charges for services, and miscellaneous revenues (except investment earnings) are recorded as revenues when received in cash, because they are generally not measurable until actually received. Investment earnings and most fines and forfeitures are recorded as earned since they are measurable and available. Proprietary Funds use the accrual basis of accounting. Revenues are recognized in the period in which they are earned and expenses are recognized in the period incurred. ugets and Budqetary Data '- The following are the statutory procedures followed y the Board of County Commissioners in establishing the budget for Monroe County. 1) On or before May I of each year the Sheriff, the Clerk of Circuit Court, the Tax Collector; and the Supervisor of Elections shall each submit to the Board of County Commissioners a tentative budget for their respective offices for the ensuing fiscal year. 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. Board resolution, a tentative budget is submitted to the public. Pulic 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. ) Prior to, or on September 30, the County's budget is legally enacted through passage of a resolution. Accordingly all fund types have an adopted budget as required by Florida Statute 129. 3. C-1 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS S PTE BER 30 1 94 NOTE l - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) ) During the year, the Office of Management and Budget acts o 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 County operations or a department. All other budget changes (whether they are transfersbetween cost centers or alterations of total revenues and expenditures in a fund) are approved by the oard. Supplemental ;apror'iations were necessary and the budgetary data presented herein was amended by the Board during the year in a legally permissible manner. 7} Florida Statute 129, Section 7, as amended in i7 , 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 . ) Budgeted to Actual Expenditure reports are employed as a management control device during the year for all fund types: ) Budgets for all funds, with the exception of the Property Appraiser's General Fund, are adopted on a basis consistent with generally accepted accounting principles (GAAP) for that fund type, except for revenues and expenditures relative to tax_ anticipation notes and land purchased for resale for governmental funds and revenues and expenditures relative to debt and capital outlay for proprietary funds. The Property Appraiser's General Fund is budgeted on the cash basis. Budgetary versus GAAP differences are described in a following note. 1 ) All appropriations lapse at year end. Inventory - Inventory in the Comprehensive Plan Land Authority (SpecialRevenue) consists of land purchased for resale and is valued at cost. The cost is recorded as an expenditure when items are purchased for budgetary purposes. For GAAP purposes, the land cost is recorded as an asset. Cost records are maintained which specifically identify the unit of inventory and related cost. The purchase method of accounting is used; accordingly, reported inventories are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable, resources. " Inventory in the General Fund and Internal Service Fund, Fleet Management consists of certain supplies which are stated at cost using the moving average cost method. The inventory is determined by a -monthly physical count. No reserve has been established within the General Fund balance as the consumption method-is used to account for this inventory. Investments Investments, with the exception of those held b 'deferred compensation plans, are stated at cost, which approximates market. Investments held by the deferred compensation plans are stated at market value. C-20 MONROE COUNTY F1.ORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE l - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The Monroe County Board of County Commissioners pools cash and investments of the County, excluding those funds held and accounted for by the separate Constitutional Officers and those requiring or benefiting by separate investment. This gives the County the ability to maximize its yield on the short-term investment of cash, increasing its income accordingly. Interest earned on pooled investments is allocated to the participating funds based on their average daily balance. Individual fund deficits are ignored in the allocation of interest. General Fixed Assets — General Fixed Assets are recorded as expenditures in the General Fund, Special Revenue Funds, Capital Project Funds and other Governmental Fund types at the time of purchase and are capitalized at cost in the General Fixed Assets Account Group. Fixed assets consisting of certain improvements including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems have not been capitalized. Gifts or contributions are recorded in General Fixed Assets at estimated fair market value at the time received. There is no depreciation expense recorded on General Fixed Assets. Enterprise and Internal Service fund Fixed Assets - Additions to Enterprise and Internal Service Fund Fixed Assets are stated at cost. Depreciation has been provided using the straight-line method. The estimated useful lives of the various classes of depreciable fixed assets are as follows: Life - Years Buildings and Other Improvements 1-40 Machinery and Equipment 3-10 Improvements other than Buildings 50 Depreciation of Contributed Assets - Depreciation recognized on assets acquired or constructed through grants externally restricted for capital acquisition's is recorded as an operating expense in the related proprietary funds. Capital Lease Obligations - Capital lease obligations for non-Enterprise funds are accounted for in the General Long-Term Debt Account Group. The 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. Also, in the year an asset is acquired by capital lease, the expenditure for the asset and the offsetting amount of the financing source are reflected in the Statement of Revenues, Expenditures, and Changes in Fund Balances. Assets acquired under capital leases in non-Enterprise Funds are accounted for in the General Fixed Asset Account Group. Capital lease obligations of Enterprise Funds and the cost of assets so acquired are reflected in the accounts of those funds. C-21 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 19 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Un mortized Debt Expense - Unamortized debt expense of the Enterprise Funds is amortized by using the straight-line method over the life of the debt. Encumbrances - Encumbrance accounting, under which purchase orders are recorded o reserve that portion of the applicable appropriation, is employed in the Governmental and Expendable Trust Fund types. Encumbrances are not the equivalent of expenditures; therefore, the encumbrances are reported as reservations of fund balances at year end and reappropriated the following year. Property Taxes - Property taxes, based on assessed values at January 1, are levied and become due and payable on November Ist of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Taxes become delinquent on April . 1st of each year, and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June 1st of each year. No accrual for the property tax levy becoming due in November of 1994is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period: Compensated Absences and Prior Period Adjustment - County policy grants employees. annual le ave and sick leave in varying amounts. . Upon termination of employment, employees with six months or more of credited service can receive payment for accumulated annual leave. In general , sic 'Ieave payments are granted upon termination of employment to employees with five years or more of, credited service. The maximum payment is subject to percentage and maximum hour limitations as determined by each constitutional officer. Accumulated annual leave', sick leave, and related benefits are now accrued in Governmental Fund Types to the extent that such amounts would normally be liquidated with expendable available financial resources as required by GASB 1 . The effect of the change in accounting principles has been disclosed as a prior period adjustment. The remaining liability is reflected in the General Long-Term Debt Account Group. The accumulated leave in Proprietary Fund Types is reflected in the Fun 's financial statements on the accrual basis. Cash and Cash Equivalents - For purposes of the statement of cash flows, the Proprietary Fund Types consider all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents: Total Columns on Combined Statements - Overview - Total columns on the Combined Statements - Overview (General Purpose Financial Statements) are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations., or cash flows in conformity with generally accepted accounting principles, and such data is not comparable ,to a consolidation. Interfund eliminations have not been made in the aggregation of this data. -22 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 2 - CASH, CASH EQUIVALENTS, AND INVESTMENTS Cash, cash equivalents, and investments consist of the following at September 30, 1994: Restricted Cash, Cash, Cash Equiv.& Cash Equiv.& Cash with Investments Investments Fiscal Agent Total Board of County- Commissioners Amount Invested in County's Pooled Cash Program $ 401013,976 $ - $ - $ 40,013,976 Demand Deposits 6,760,785 4,899,225 8,015 11,668,025 Investments 35,357, 125 _ 6,526,825 - 4I,883,950 82, 131,886 11 ,426,050 8,015 93,565,951 Other Constitutional Officers and Dependent District Amount Invested in County's Pooled Cash Program 8,300,700 - - 8,300,700 Demand Deposits 7,317,444 - - 7,317,444 Investments 2, 153,671 2,153_,671 17,771 ,815 - - 17,771,815 99,903,701 $ 11 ,426,050 $ 8,015 1111,3P 766 Florida Statute 125.31 authorizes the County to invest surplus funds in the following: a) the Local Government Surplus. Funds Trust fund under the management of the State Board of Administration b) the Florida' Counties Investment Trust Fund under .the sponsorship of the Florida Association of Counties and the Florida , Association of Court Clerks Comptrollers c) negotiable direct obligations of, or obligations of which the principal and interest are unconditionally guaranteed by, the U.S. Government d) interest bearing time deposits or savings accounts in banks and savings and loans organized under state laws or doing business and situated in the state, provided collateral requirements are met e) obligations of the Federal Home Loan Mortgage Corporation C-23 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 199 NOTE 2 - CASH, CASH EQUIVALENTS, AND INVESTMENTS (Continued) f) obligations of the Federal National Mortgage Association g) commercial paper of U.S, corporations having a rating of at least two of the following three ratings: A-1, -1 and F-1 , as rated by Standard Poors, ooy's and Fitch Investors Service rating services h) Bankers' acceptances that are eligible for purchase by the Federal Reserve Banks and have a 'letter of credit rating of AA or better i) Tax-exempt obligations of the State of Florida and its various local governments, including Monroe County. Tax exempt obligations with a rating of A or less, , must be an insured issue- through MBIA or an equivalent company. Issues rated A+ or higher may or may not carry an insurance backing. epositsDemand and time deposits are fully insured by Federal Depository Insurance and the multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes Investments - The U.S. Treasury obligations and other bonds are held by the Coty's agent in the County's name. The repurchase agreement and deferred compensation plan investments are uninsured and unregistered. Investments at year end are shorn as follows. Carrying Market . Board of County Commissioners Amount Value U.S. Government Securities $ 40,087,803 $ 39,531,517 Local Government Surplus Funds Trust Fund 40,013,976 40,013,976 Deferred Compensation Plans 796, 17 796, 147 Municipal Bond 1,000, 00 9 ,90 81 ,897,926 81,3 1,630 Other Constitutional Officers and Dependent District Local Government Surplus Trust Funds 8,300,700 8,300,700 Repurchase Agreement 1, 92, 15 1,0 ,15 Deferred Compensation Plans 1 , 61 ,526 1,061.526 10, ,37I 1 , ,371 1 92.352.297 91,796;001 NOTE 3 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 1994 consist of the following: C-24 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 3 MORTGAGES RECEIVABLE (Continued) Community Development Block Grant: Second Mortgages Receivable from individuals, collateralized by land and buildings, payable in monthly installments,of $3,622 including interest at 3%, ' final payment due March 1, 2004 $ 414,769 Local Housing Assistance: Second Mortgages Receivable from individuals, collateralized by personal residences. Commencing in year sixteen of the mortgage, principal and accrued interest at 3% will be forgiven at the rate of 6.66% annually. The entire principal balance and accrued interest will be forgiven at the end of year thirty. If the residence is sold before the initiation of the forgiveness period, the full amount of the mortgage and accrued interest is due at closing 263,023 Monroe County Comprehensive Plan Land Authority (MCLA) : Mortgage Receivable from a not-for-profit corporation, collateralized by land, payable in semi-annual installments of $35,000 which are interest free until April , 1994. Subsequently, payments, will include interest at the rate earned by MCLA on deposits with the State Board of Administration 245,000 Amount receivable from Monroe County (Municipal Service District) . The receivable is collateralized by an inter . local agreement which grants MCLA a conservation easement over the related land. The County repays $442,500 annually, interest free 442,500 Mortgage due from not=for-profit corporation, collateralized by land, principal and interest at 9.5% payable in full at May 13, 2000. 14,432. Total Mortgages Receivable 1,379,724 Except for the local housing assistance mortgages, the mortgages receivable are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable resources" even though it is a component of total assets. The local housing assistance mortgages are offset by a related deferred revenue account. NOTE 4 - INTERFUND BALANCES Individual fund interfund receivable and payable balances at September 30, 1994 are as follows: C-25 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SETEME 30 1994 NOTE 4 - INTERFUND BALANCES (Continued) Interfund Intern . Fund Receivable Payable General Fund 458,213 3 7,32 Special Revenue ,Funds: Fine and Forfeiture - 17 Road and Bridge - 18,427 Law Library - Tourist Development District #One, 2 Cent 1 ,017 10,946 Tourist Development District #Two, 2 Cent 1,28 956 Tourist Development-District #Three, 2 Cent 2,855 2,210 Tourist Development District #Four, 2 Cent 3,374 2,686 Tourist Development District #Five, 2 Cent 4,413 3,528 Tourist Development Administrative and Promotional , 2 Cent 11,672 413 Tourist Development District #One, 3 Cent 4,718 - Tourist Development District #Two, 3 Cent 526 12 Tourist Development istrict #Three, 3 Cent 992 2,40 Tourist Development District #Four, 3 Cent 1,058 68 Tourist DevelopmentDistrict #Five, 3 Cent 1,360 88 Fire and Ambulance District #1 - 893 Fire and Ambulance District #5 - 50 Fire and Ambulance District # - 99 Planning, Building and Zoning - 3,230 Parks and Recreation 3, 53 640 Upper Keys Health Care 2 Sheriff Federal Grant 305, 18 319,721 Sheriff Off-Duty 4,706 ____355,,434 37 ,63 Capital Project Funds® One Cent Infrastructure Surtax 41,30 159,436 Sales Tax Bond Capital Improvements - 17, 168 91 ,360 176,604 Enterprise Funds® Municipal Service District - Waste 6, 7 Card Sound ridge - 21 Marathon Airport - 508,796 Key West Airport 189.,294 6:713 18 , 9 2e676 C-26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 4 - INTERFUND. BALANCES (Continued) Interfund Interfund Fund Receivable Payable Internal Service Funds: Worker's Compensation 90 Group Insurance - 824 Risk Management 2, 159 13 Fleet Management 77.778 10 ,87 79,937 104,930 $ 1,57 , 3 _ 1, 4,238 NOTE 5 - RESTRICTED ASSETS Restricted Assets include those provided for by resolutions adopted by the County Commission for the , issuance of the Municipal Service District - Waste Revenue Bonds, Refunding Improvement Revenue Bonds, Series 199 /83, Refunding Improvement evenue Bonds, Series 19 /8 , Sales Tax RevenueBonds, Series 1991, and Airport Passenger Facility Charges. Total restricted assets as of September 30,, 1994 are as follows: Cash, Cash Equiv.& Enterprise Fund - Municipal Service District - Waste Investments Renewal and Replacement Fund 1,67 ,010 Sinking Funds 59 , 58 2,265, 68 Enter rise Fund - Marathon Airport Passenger Facility Charge Funds 120,236 Enterprise Fun - Key West Airport Passenger Facility Charge Funds 911,757 Refunding- Improvement Revenue-Bonds,- Series 13/83 Debt Service Fund Sinking Fund 260,87 Refunding Improvement Revenue Bonds, Series 193/8 et Service Fund Sinking Fund 433.339 C-27 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 199 NOTE 5 - RESTRICTED ASSETS (Continued) Sales Tax Revenue Bonds Series 1991 Debt Service Fund Debt Service Reserve Fund 4,841,696 Sinking Fund 2, 2,676 7,44;37 11 ,426.050 NOTE RESERVES FOR RESTRICTED ASSETS AND DESIGNATIONS OF FUND BALANCE Reserves representing the excess of amounts provided for certain restricted asset accounts over the liabilities payable therefrom are established by a reduction of `retained earnings or fund balance. The following schedule reflects the reserve account balances at September 3 , 199 : Enterprise Funds Municipal Service District - Waste: Reserved for Debt Service 9, 9 Reserved for Renewal and Replacement 1,67 ,010 1.97 .009 Debt Service Funds Refunding Improvement evehe Bonds, Series 193/33 Reserved for Debt Service 260,878 Refunding Improvement Revenue Bonds, Series 1993/63 Reserved for Debt Service 43 , 3 Sales Tax Revenue Bonds, Series 1991 Res6rved for Debt Service 7,431 , 1 ,1 ,61 10.095.640 Retained earnings and fund balances are reserved to the extent of the excess of restricted assets over liabilities payable from restricted assets as follows: C-26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 6 - RESERVES FOR RESTRICTED ASSETS AND DESIGNATIONS OF FUND BALANCE (Continued) Total restricted assets $ 11,426,050 Less: Restricted assets for which retained .earnings are not required to be reserved 1,031,993 Liabilities payable from restricted assets 298,417 $ 10,095,640 A portion of the unreserved fund balance in Special Revenue Fund, Tourist Development District #One, Three Cent has been designated for various beach nourishment projects. NOTE 7 PROPERTY The following is a summary of changes in General Fixed Assets for the year ended September 30, 1994: 1993 Additions Deductions 1994 Land $ 13,788,262 $ 716,245 $ - $ 14,504,507 Buildings 23,400,637 35,389,622 196,958 58,593,301 Equipment 30,747,785 7,156,144 2,610,273 35,293,656 Construction in Progress: Detention Facility 29,319,839 377,305 29,697,144 Clerk's Storage 1,698,702 224:937 1,923,639 - Marathon Civic Center 2,757,804 509,514 3,267,318 - Other Construction 1,316,433 3,800,173 1,337,678 3,778,928 $103,029,462 $48,173,940 $39,033,010 5112,170,392 An additional 53,472,000 will be required to complete construction projects under present contractual agreements. It is the County's policy to not capitalize interest on construction projects financed with debt proceeds. Proprietary funds property, ,plant and equipment. consist of the following at September 30, 1994: Internal Enterprise Service Funds Funds Land $ 5,813,716 $ - Buildings and Improvements 4,444,741 1,334,927 Equipment , 14,900,153 1,082,669 Construction in Progress: Airport Improvements 4,156,845 Bridge Improvements 3,369,503 Other 67,864 - Total Property 32,752,822 2,417,596 Less Accumulated Depreciation 11,861,454 234,546 Net Property $ 2=0;891;368 $ 2,183,050 C-29 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEBER 30 1994 NOTE B - TAX ANTICIPATION NOTES Tax anticipation notes payable at September 30, 1994 are as follows: Lower and iddle Keys Fire and Ambulance District - Amount due to bank on March 30, 1995 with interest at 3.5%, payment to be funded by the first proceeds -of taxes levied for the 99 -1995 fiscal year, proceeds of the note to be used for fire equipment 310.000 OTE' — LONG-TERM DEBT The following is a summary of changes in long-term debt for the year ended September 3 , 194: Debt Debt 1993 -Issued Retired 1994 General Long-Term Debt Group Revenue Bonds $ 47,050,000 $ - $ 3,000,000 $ 44,050,000 Accrued Compensated Absences 2,607,602 509,512 217,482 2,899,632 Capitalized Lease Obligations 12,958 225,250 9,574 228,634 Installment Loan 175,226 1;543 70,227 106,542 Subtotal 49,845,786 736,305 3,297,283 47,284,808 Proprietary_Funds Revenue Bonds 13,975,000 - 4,870,000 9,105,000 Accrued Compensated Absences 226,198 52,073 - 278,271 Capitalized Lease obligation - 2,335,830 122,379 2,213,451 Special obligation Notes 244,241 - 244,241 - Due to other Governments 885,029 - 440,390 444,639 Subtotal 15,330,468 2387,903 5,677,010 12,041,361 Total $ 65,176,254 $ 3,124,208 8,974,293 59,326,169 Bonds payable at September 30, 1994 from Proprietary Funds are composed of the following issues: Enterprise Revenue Bonds - $9,570,000 1991 Municipal Service District Refunding Improvement Bonds due in annual install- ments of $300,000 to $735,000 on October 1, 1994 to October 1, 2011; interest at 5.7% to 6.75% $ 9. 10 . 00 C-30 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 9 - LONG-TERM DEBT (Continued) Bonds payable at September 30, 1994 from Governmental Funds are composed of the following issues: Revenue Bonds ,- $42,415,000 1991' Sales Tax Revenue Bonds, Series 1991 due in annual installments of $2,795,000 to $4,595,000 on April 1, 1995 through April 1, 2004; interest at 5.20% to 6.20% $ 36,075,000 Revenue Bonds - $1,185,000 1993 Refunding Improvement Revenue Bonds, Series 1993 due in annual installments of $170,000 to $200,000 on July 1, 1995 to July 1, 1999; interest at 3.7% to 4.75% 915,000 Revenue Bonds - $7,230,000 1993 Refunding Revenue Bonds, Series 1993 due in installments of $350,000 to $640,000 on December 1, 1994 to December 1, 2008 interest at 2.6% to 5.0% 7,060,000 $ 44,050,000 Other long-term liabilities payable at September 30, 1994 from Proprietary Funds are composed of the following: Due to Other Governments - Amount payable to Monroe County Comprehensive Plan Land Authority (MCLA) . The debt is collateralized by an interlocal agreement which grants MCLA a conservation easement over the related land. The County repays $442,500 annually, interest free. 444,639 Other long-term liabilities payable at September 30, 1994 from Governmental Funds are composed of the following: Installment notes payable in monthly installments of $6,703 from October 1, 1994 to maturity dates at various times through the fiscal year ended September 30, 1996; the average interest rate is 6.97% 106,542 Debt Service Funding Requirements - The total annual debt service funding requirements for all bonds outstanding (net of sinking fund balances) at September 30, 1994, consisting of interest payments of $20,501,508 and principal payments of $52,611,542 are as follows: C-31 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 9 - LONG-TERM DEBT (Continued) Revenue. Bonds Year Ended Proprietary Funds Governmental September 30 Amount Interest Rate Amount Interest Rate 1995 889, 117 5.70% 6.75% 5,68 ,825 3.30% - 6.20% 1996 891, 162 5.80% - 6.75% 5,682,07 3.60% - 6.20% 1997 891 ,732 5.90% - 6.75% 5,673,240 4.00% - 6.20% 1998 890,788 6.00% ,- 6.75% 5,66 ,290 4. 1 % - 6.20% 199 89 ,288 6.30% - 6.75% 5,663,45 4.30% - 6.20% 2000-2004 4, 61,380 6.75% 22,396,220 4.50% - 6.2 % 200 - 009 4,410,412 6.75% 7,422,445 5.00% - 6.20% 2 -211 _ 1 ,477,7 6.75% - Total $ 14 10, 579 $ 58, 191 ,550 Notes Payable Year Ended Governmental September -30 Amount Interest Rate Total 1995 $ 80,440 6.06% - 11 .8% $ 6,655,382 1996 30, 81 6.06% - 7.3% 6,603,71 197 - 6,564, 72 198 - , ,078 . 1 99 - 6,561,743 2 00-200 26,8 7-5600 2005- 009 - 11,83 ,857 2010-2011 - 1,477,700 Total $ 110,921 73, 113,050 The amount available in the Debt Service Funds to service the 1991, 193/83 and 1 /88 revenue bonds is , 12 ,6 1 . Restrictive Covenants and Collateral Requirements - The 1993/83 Refunding Improvement Revenue Bonds are payable from and collateralized by a lien on and pledge of the racetrack funds received by Monroe County from the State o Florida. The 1993/88 Refunding Improvement Revenue Bonds are payable from and collateralized by a first lien upon and pledge of the Guaranteed Entitlement portion of the Revenue Sharing Trust Fund for Counties and the Second Guaranteed Entitlement for Counties paid by the State of Florida. C-32 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 9 - LONG-TERM DEBT (Continued) The 1991 Municipal Service District Refunding Improvement bonds are payable solely from and collateralized by a prior lien upon and pledge of (i ) charges for service levied annually against residential property within the Monroe County Municipal Service District (the "District") , Monroe County, Florida for the availability and furnishing of certain solid waste disposal services, (ii) payments ' received from franchisee solid waste collectors with- respect to commercial property within the District, (iii.) all other non ad valorem funds received by the District with respect to furnishing services of the solid waste facilities to the residents of the District excluding any state or federal funds received from time to time by the District and (iv) certain investment income received by the District. Under the terms of the enterprise revenue bonds issue, the Municipal Service District is required, among other things, to establish. rates and to collect fees and charges which will be sufficient at all times to pay 110% of the Maximum. Debt Service, Requirement on the Series 1991 Bonds and on all outstanding Parity Bonds, plus 100% of all reserve or other payments including the cost of Operation and Maintenance and deposits for Renewal and Replacements of the Facilities. The Municipal Service District was in compliance with those covenants for the year ended September 30, 1994. The Bonds and the interest payable thereon will not constitute a general obligation of the District, Monroe County or the State of Florida, or a pledge of the faith and credit of the District, Monroe County, the State of Florida or any political subdivision thereof. Neither the Bonds, nor any interest or premium thereon, shall be payable from the ad valorem tax revenues of the District, Monroe County, or the State of Florida. The 1991 Sales Tax Revenue Bonds are payable from and collateralized by a lien and pledge of the portion of the proceeds of the one cent local government infrastructure sales surtax on deposit in the trust fund established for the County in the Florida State Treasury, allocated for and distributed monthly to the County. Advance Refunding of Card Sound Road and Bridge Improvement Revenue Bonds It was determined that the cost of bridge improvements financed by the 1993 Card Sound Road and Bridge Improvement Revenue _ Bonds had been significantly overestimated. On March 8, 1994, outstanding bonds in the amount of $4,430,000 were refunded with available cash in the amount of $4,565,272. After the payment of $12,458 in defeasance costs, $4,552,814 was used to purchase U.S. Government Securities which were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the bonds. As a result, these bonds are considered defeased and the liability for these bonds has been removed from the Card Sound Road and Bridge Fund. Although an extraordinary loss of $281,760 was recognized, the early payment of the bonds reduced the C'ounty's total debt service by $6,478,435 over the next 14 years. C-33 ONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMDER 30 199 NOTE 10 DEFEASANCE OF DEBT The following schedule reflects the outstanding principal on refunded bonds, by issue, as of September 30, 1 9 : $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 198 7,060,000 $9, 11,74 Municipal Service District Refunding Improve- ment Bonds, Series 1985, defeased on April 1, 1991 using proceeds from the Municipal Service District Refunding Improvement Bonds, Series 191 6,585,865 Total Municipal Service District Bonds $ 13965,B65 $4,585,000 Card Sound Road and Bridge Improvement Revenue Bonds, Series 1993; defeased on March B, 1994 using available cash 4,430.000 2,155,000 Refunding Improvement Revenue Bonds, Series 1983, defeased on January 1, 1993 using proceeds from the Refunding Improvement Revenue Bonds, Series 193/83 $ 1, , 0 $5,000,000 Improvement Revenue Bonds, Series 1908; defeased on May 1, 13 using proceeds from the eundi ng Revenue Bonds, Series 1993/ 8 5,000,000 $ ,265,0 0 Improvement Revenue Bonds, Series 19 8; defeased on May 1, 1993 using proceeds from_ the Refunding evenue Bonds, Series 1 93/BB 1,2 5,00 Total General Revenue Bonds $ 8,025.000 NOTE 11 LEASE OBLIGATIONS Capitalized lease obligations consist of equipment lease purchases accounted for in the General Long-Term Debt Account Group and General Fixed Assets Account Group® The future minimum payments under capitalized leases consist of the following at September 30, 19 : C-3 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 11 - LEASE OBLIGATIONS (Continued) General Long Fiscal year ending September 30: Term Debt 1995 $ 66,594 1996 66,594 1997 64,812 1998 64,218 Total minimum payments 262,218 Amounts representing interest 33,584 Present value of net minimum lease payments $ 228,634 Leased equipment which has been capitalized as of September 30, 1994 is as follows: General Fixed Assets - General Government $ 5.890 General Fixed Assets - Public Safety $ 350,000 Rental expense under cancelable operating leases for the current year amounted to $744,200. NOTE 12 - LAND AUTHORITY LEASES The City of Key West leases two lots from the County which cost $101,306 which are used to provide access and parking for the Community Pool . The terms of the lease provide for rental of $l per year for 30 years, expiring in the year 2022. The Florida Department of General Services leases County land on Key Largo which cost $501,719 upon which the Department has constructed a law enforcement radio communications system. The Department pays a rental of $1 per year. The lease expires in 2021 . NOTE 13 - CONTRIBUTED CAPITAL Contributed capital consists of the following at September 30, 1994: 1993 Additions —Refund 1994 Enterprise Funds - Contributions from Other Funds: Municipal Service District S 2,805,649 S 8,200 S - S 2,813,849- Card Sound Bridge 5,052,761 721,682 3,300,000 2,474,443 Marathon Airport 1,741,201 1,687,891 3,429,092 Key West Airport 1,169,137 199,253 - 1,368,390 Workers' Compensation - 621 - 621 Fleet Management 2,070,952 - 2.070,952 $ 10,768,748 S 4,688,599 $ 3,300,000 S 12,157.347 C-35 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 14 - EXPENDITURES IN EXCESS OF APPROPRIATIONS The following cost center had expenditures in excess of appropriations at September 30, 1994: General Fund: County Attorney - Litigation bills from outside counsel were incurred which were higher than anticipated. Expenditures exceeded appropriations by. $124,878. Internal Service Fund: Public Works Garage - This was the initial year of operation. Expenditures exceeded appropriations by $36,541 . NOTE , 15 - SEGMENTS OF ENTERPRISE ACTIVITIES Municipal Service District operating revenues are generated primarily by billings for mandatory garbage collection. Card Sound Bridge operating revenues are generated through tolls for the use of the Bridge. Revenues in the Key West and Marathon Airports are generated by rents and user fees. The key financial data for the year ended September 30, 1994 for the above services are as follows: Municipal Card Service Sound Marathon Key West District Bridge Airport Airport Total Operating Revenues $ 14,717,358 $ 1,229;265 $ 452,815 $ 1,927„561 $ 18,326,999 Operating Expenses 11,673,498 523,968 4,545,556 1,160,247 17,903,269 Depreciation and Amortization 1,166,410 72,646 T 050 44,842 1,290,948 Total Operating Expenses 12,839,908 596,614 4:552,606 1,205,089 19,194,217 Operating Income (Loss) 1,877,450 632,651 (4,099,791) 722,472 (867218) Operating Grants 302,969 - - 3,335,251 141,214 3,779,434 Interest Income 598,855 122,385 5,985 34,640 761,865 Interest Expense and Other Debt. Service Costs (739,433) (123,637) - - (863,070) Loss on Disposition of Assets (130,072) (25,432) (8,763) (61178) (170,445) Operating Transfers In 4,744,004 254,416 1,213,696 152,906 6,365,022 Operating Transfers Out (4,383,690) (287,674) (46,365) (67,265) (4,7841994) Extraordinary Loss on Bond Defeasance - (281,760) - (281,760) Net Income 2,270,083 290,949 400,013 977,789 3,938,834 Fund Equity, 1993 6,557,018 9,996,870 2,802,430 1,824,941 21,181,259 Prior Period Adjustment (29,271) (2,916) (2,398) (15,132) ' (49,717) Residual Equity Transfer (3,300,000) - (3,300,000) Contributed Capital 8,200 721,681 1,687,891 199,253 2.617,025 Fund Equity, 1994 $ 8,806,030 $ 7,706,584 $ 4,887,936 $ 2,986,851 $ 24,387,401 Assets $ 24,357,121 $ 8 076 181 $ 6,569,949 $ 3,278,865 $ 42,282,116 C-36 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 15 - SEGMENTS OF .ENTERPRISE ACTIVITIES (Continued) Municipal Card Service Sound Marathon Key West District Bridge Airport Airport Total Long-Term Debt 11,478,086 S 14,435 $ 10,904 $ 74,918 $ 11,578,343 Acquisition of Property S 180,544 $__3,376,025 $ 2,456,007 $ 110,281 S 6,122,857 Net Increase (Decrease) in Cash Flows $ _(91,904) S 894,921 $ 267,791 S 841,445 S 1,912,303 NOTE 1 BUDGETARY - GAAP REPORTING RECONCILIATION The accompanying Combined Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General, Special Revenue, Debt Service, Capital Project and Expendable Trust Funds for the year ended September 30, 1994 presents comparisons of the legally adopted budget with actual data on a budgetary basis. Because certain accounting principles applied for purposes of developing data on a budgetary basis differ from those used to present financial statements in conformity with GAAP, a reconciliation of resultant basis, timing and perspective differences in the Excess of Revenues and Other Sources over Expenditures and Other Uses for the year ended September 30, 1994 is presented as follows: Special Debt Capital Expendable General Revenue Service Projects Trust Excess of revenues and other sources over (under) expenditures and other usesbudgetary basis $(1,318,610) $ 637,666 $ 1,759,195 S (5,012,216) $ 114,786 Adjustments: To adjust revenues for mortgage repayments recorded as a reduction of assets - (512,500) -To adjust expenditures for accruals 8,168 - - - - To adjust expenditures for repayment of tax anticipation note - 395,000 - - To adjust for mortgages receivable (263,023) - - - To adjust for mortgage loans made - 263,023 - - - To adjust expenditures for purchases of Land recorded as inventory - 247,112 - - - To record excess of revenues over (under) expenditures for unbudgeted funds: Sheriff, Safety Seat - 673 - - - Sheriff, Federal Grant - - - Sheriff, Inmate Welfare - - - - 18,846 Sheriff, Forfeiture - - Sheriff, Off Duty - - - - Total Adjustments 8,168 130,285 - 18,846 Excess of revenues and other sources over (under) expenditures and other uses - GAAP basis S(1,310,442) $ 767,451 S 1,759,195 S (5,012,216) $ 1336632 C- 7 ONROE COUNTY FLORIDA NOTES TO -COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 199 OTE, 17 - INTRFUND TRANSFERS ` Operating Transfers during the year ended September 30, 1994 consisted of the fallowing: Operating Operating Fund Transfers In Transfers Out General Fund $ 27,322,881 $ 1,260,25 Special Revenue Funds: Fine and Forfeiture - 25,371,420 Road and Bridge 1 , 153 116,853 Fire and Ambulance District l 31,390 35, 1 Fire and Ambulance District 5 - 68,820 Fire and Ambulance District 6 68,820 Translator System - 13, 159 Planning, Building and Zoning 250,888 147,593 Parks and Recreation 32,952 11 Enhancement Fees - 6,580 Upper Keys Healthcare - 2,800 300, 31 26, 1 ,216 Debt Service: 191 Sales Tax Revenue Bonds 4,881 , 15 - Capital Project: One Cent Infrastructure Surtax - 6.690.718 Expendable Trust: Court Facility Fees - - Enterprise Fund: Municipal Service District 4,744,004 4,383,690 Card Sound Bridge 25 , 16 287,674 Marathon Airport 1,213,696 46,36 Key West Airport152,906 67,26 6,36 ,022 4,784,99 Internal- Service Fund: Workers' Compensation 6,300 Group Insurance 4,900 Risk anagement 4,900 Fleet Management 1 , 0 5, 76 91,905 41,676 1 38,961 ,854 $ 38,�9611 5 C-38 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 17 - INTERFUND TRANSFERS (Continued) Residual Equity Transfers during the year ended September, 30, 1994 consisted of the following: Equity Equity Fund Transfers In Transfers Out General Fund $ 4,616 $ 19,159 Special Revenue Funds - Impact Fees, Roadways 3,300,000 - Debt ,Service Funds - 1993/88 Refunding Improvement Bonds 141506 - Capital Project Funds - Revenue Bond Capital Improvements - 14,506 Enterprise Funds - Card Sound Bridge - 3,300,000 Fiduciary Fund - Shared County and State Health Care Program - 4,616 $ 3,319. 122 _ 3.338.281 Difference — Internal Service Fund, Fleet Management, transfer of supplies inventory from General Fund _ 19, 159 NOTE 18 - RETIREMENT PLAN Substantially all full-time County employees are participants in the Florida Retirement System, "The System", -a multiple-employer, cost-sharing public retirement system. The System, which is controlled by the State Legislature.and administered by the State of Florida, Department of Administration, Division of Retirement, covers approximately 553,000 full-time employees of various governmental units within the State of Florida. The System provides for vesting of benefits after 10 years of creditable service. Normal retirement benefits are available to employees"who retire at or after age 62 with 10 or more years of service. Early retirement is available after 10 years of service with a 5% reduction of benefits for each year prior to the normal retirement age. Retirement benefits are based upon 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. C-39 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEBER 30 199 NOTE 18 - RETIREMENT PLAN (Continued) The County has no responsibility to the System other than to make the periodic pay ens required by state statutes. Ten-year historical trend information showing the ysem's progress in accumulating sufficient assets to pay benefits when due is presented in the System's June 30, 1993 Comprehensive Annual Financial Report. The amount reported below as "pension benefit obligation" is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases estimated to be payable in the future as a result of employee service to date. The measure is the actuarial present value of credited projected benefits and is intended to assist users in assessing the plan's funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among government pension plans and employers. The System does not conduct separate measurements of assets and pension benefit obligations for individual employers. The pension benefits obligation at June 30, 1993 for the System as, a whole, determined through an actuarial valuation performed as of that date, was $39.7 billion. The Syst m's net assets available for benefits on that date (valued at market) were $2 . 1 billion, resulting in an unfunded pension benefit obligation of $10.6 billion. Participating employer contributions are based upon state-wide rates established y the State of Florida. These rates are applied to employee salaries as follows; regular employees, 17. 10%, special risk employees, 27. 3%, and elected officials, 26.07%. There are no employee contributions to the plan. The Couy's contributions of approximately $7, 150,000 made during the year ended September 30, 1994 were made in accordance with contribution requirements determined by the actuarial valuation of the System as of June 30, 1993. These contributions represented approximately .26% of total contributions required of all participating, employers during the fiscal year of the System ended June 30, 1994. Total payroll for County employees during the fiscal year ended September 3 , 1994 was approximately $ ,456,000, with the portion attributed to employees covered by the System being $ ,987, 00. The contribution to the System for the year was approximately 2 . % of total covered payroll . There were no changes in actuarial assumptions, benefit provisions, actuarial funding methods or any other significant factors that affected the County's contribution during the fiscal year ended September 30, 1994. NOTE 1 - POST RETIREMENT BENEFITS OTHER THAN PENSION In addition to the retirement plan described in Note 18, the County provides post retirement health care benefits in accordance with state statutes to all C-- 0 MONROE COUNTY - FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 19 - POST RETIREMENT BENEFITS OTHER THAN PENSION (Continued) employees who retire from the County on or after attaining age 62 with at least 10 years of service, and who are enrolled in the County's group health plan. Currently 118 retirees are eligible for this post employment benefit. Expenditures for post retirement health care benefits are recognized as the premiums are paid. During the year ended September 30, 1994, expenditures of $50,013 were recognized for post retirement health care. NOTE 20 - DEFERRED COMPENSATION PLAN The County offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the County (without being restricted to the provisions of benefits under the plan) , ` subject , only to the claims of the County's general creditors. Participants' rights under the plan are equal to those of general creditors of the County in an amount equal to the fair market value of the deferred account for each participant. The County has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. The County believes that it is unlikely, that it will use the assets to satisfy the claims of general creditors in the future. NOTE 21 - RECOGNITION OF CLOSURE AND POST CLOSURE COST State and federal laws require final cover and closure as well as post closure care of the County's landfills. Recognition of the liability for closure and postclosure costs is based on the landfill capacity used to date. The landfill capacity of the County's landfills is 100% used and has no remaining landfill life. Closure of the landfills was substantially completed during the year ended September 30, 1994. Accordingly, no future closure cost liability exists except for post closure costs estimated to be incurred in the coming year. The Florida Department of Environmental Protection approved a post closure operating plan which permits the County to fund post closure costs as an operating expense using annual appropriations. Accordingly, no assets have been restricted for payment of post closure care costs. Any additional costs due to inflation or deflation,' changes in technology or additional post closure care requirements will be covered by additional charges to service users. C-41 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 22 LITIGATION The County is a defendant in various lawsuits and is involved in other disputes wherein substantial amounts are claimed. ` ?n the opinion of the County, these suits and claims should not result in judgements or settlements which, in aggregate, would have a material adverse effect 'on the County's financial condition. OE 23 COMMITMENTS AND CONTINGENCIES Grant Pro rams - 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. As of March 8, 1995 there were no material questioned or disallowed costs as a result of grant audits in process or completed. Arbitraqe Rebate - In accordance with the Tax Reform Act of 1986, any interest earnings on borrowed construction funds in excess of the interest costs are required to be rebated to the federal government. The County has estimated that there will be no significant liability for arbitrage rebate. 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 nocommencement of construction. Industrial Development Bonds - By resolution adopted February 21 , 1995, the Board authorized the issuance of $3,400,000 of Industrial Development Revenue Bonds for the North Key Largo Utility Corporation Project. As of March, B, 1995, the bonds were unissued. Sale of Land Inventory - The Board of Trustees of the Florida Internal Improvement Trust _Fund has a $2, 157,900 option to purchase land with a basis o 2, 110, 37. The property includes the tract currently leased by the Florida Department of General Services as previously disclosed. NOTE 24 ® RISK MANAGEMENT The County is exposed to various risks of loss related to tort; theft of, damage o, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal years ended 1976, 1984 and 198, the County established theWorker's Compensation, Group Insurance, and Risk Management Funds, respectively, as internal service funds to account for and finance its uninsured risks of loss. Under these programs, the Worker's Compensation provides $450,000 coverage per claim for regular employees and $5 , 00 coverage per claim for police and firemen. The Group Insurance Fund provides coverage u C-42 MONROE COUNTY FLORIDA NOTES T0_COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1994 NOTE 24 - RISK MANAGEMENT (Continued) to $75,000 for each medical claim. Risk management provides $100,000 for each general liability claim and $25,000 for most property damage claims. Windstorm, Flood and Property Damage insurance ' excess coverage varies by individual property. The . County purchases commercial insurance for claims in excess of coverage provided by the funds and for all other risks of loss. Settled claims have not exceeded this commercial coverage in any of the past three years. All funds of the County participate in the programs and make payments to the Worker's Compensation, Group Insurance and Risk Management Funds based on estimates of the amounts needed to pay prior and current year claims. The claims liabilities reported at September 30, 1994 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 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 1993 and 1994 were: Worker's Group Risk Compensation Insurance Management Total Balance at October 1, 1992 $ 545,866 $ 1,143,882 $ 1,153,900, $ 2,843,648 Current year claims and changes in estimates 245,937 4,278,255 479,428 5,003,620 Claim payments (541,803) (4,170,660) (285,003) (4,997.466) Balance at September 30, 1993 250,000 1,251,477 1,348,325 2,849,802 Current year claims and changes in estimates 392,370 5,020,281 90,906 5,503,557 Claim payments (392,370) (4,824,781) (229,251) (5,446,402) Balance at September 30,. 1994 $ 250,000 $ 1,446,977 $ 1,209,980 S 2,906,957 C-43 GENERALFUND The General Fund is the general operating fend of the County. It is used to accour-t for all financial resources except for those required to be accounted for in another fund. The General Fund has a greater number and variety of revenue sources than any other fund, and its resources finance a wider range of activities. The resources of the General Fund are ordinarily largely expended and replenished on an annual basis. COUNTY,MONROE FLORIDA SCHEDULE CHANGES IN F L GENERALFUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable uActual (Unfavorable) Revenues: Taxes 10,817,212 10,4 ,23 $ (38.1,982) Licenses and Permits 230,000 225,446 (4,554) Intergovernmental 12,473,761 11,610,946 (862,815) Charges for Services 3,109,184 3,149,001 39,817 Fines and Forfeitures 17,100 23,112 6,012 Interest 410,500 543,224 132,724 Miscellaneous 409,924 721,534 3112610 Total Revenues 27,467,681 26,7 493 (759,188) Expenditures: Current: General Government: Board of County Commissioners 1,0 8,222 1,038,667 49,555 Insurances-Clerk Circuit Court 234,779 234,685 94 Insurances-Clerk to the Board 88,440 87,2841,156 Insurances-Microfilm 27,201 20,576 6,625 Clerk to the Board 704,923 703,869 1,054 Clerk of the Circuit Court 1,200,352 1,17,786 12,566 Public Records Trust Fund 320,000 6 ,702 256,298 Clerk of the Circuit Court-Microfilm 165,427 161,236 4,191 Clerk of the County Court 834,488 828, 25 5,863 Clerk - Data Processing 354,921 324,732 30,189 Clerk - Domestic Relations 56,866 56,476 390 Criminal Systems 89,388 71,620 17,768 Internal Audit 87,767 74,843 12,924 C Audit Function 18,703 102,229 6,474 County Attorney 780,112 904,990 (1 , 78) .Property Appraiser, 2,157,630 2,145,514 1 ,116 Tax Collector 2,2 1,813 2,108,667 113,14 Sheriff 657,832 633,143 24,689 Circuit Court 396,483 391,164 5,319 Guardian Ad Litem 113,307 112,047 1,260 County Court 84,584 81,7842,800 Pretrial Services 355,612 328,949 26,663 State Attorney 135,325 79,964 55,361 Public Defender 167,355 159,010 8,345 Guardianship of Monroe County 5 ,367 51,443 94 Guardianship Evaluation 25,000 24,984 16 Supervisor of Elections 411,814 402,793 9,021 Elections 306,539 305,904 635 County Administrator 284,580 265,931 18,64,9 Information Systems 1,362,790 1,342,781 20,009 Office of Management & Budget 213,823 210,896 2,927 Management Services 109,464 109,208 256 Purchasing 140,126 139,688 438 -1 (Continued) MONROE COUNTY,-FLORIDA SCHEDULEF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable ___qqg.qet Actual (Unfavorable) Public Information Office 57,703 55,883 1, 20 A Grant 107,333 107,333 -- Personnel\Safety 280,204 276,630 3,574 Public Works Management 131,522 130,007 1,515 Public Works Facilities Maintenance 3,160,275 3,144, 51 15,624. Advertising 5,000 3, 66 1,034 Public Safety Management 138,645 138,041 604 Community Services Management 143,841 141,602 2,239 Anti Drug Abuse Pretrial 83,200 69,537 13,663 Anti Drug-Program Administration 9,505 9,246 259 Quasi External Services 275,000 257339 17,661 Total General Government 19,7 ,21 1 ,0 ,425 640,836 Public Safety: Medical Examiner 370,283 334,441 35,342 Emergency Management 191,369 174,763 16,606 Marathon EOC 4 , 70 40,469 1 Key West ECC 10,988 6,665 4,323 Radiological Emergency Preparedness Grant 112,733 87,922 24,311 Emergency Management Trust Fund 70,424 67,537 2,637 Emergency Medical Services Coordinator 120,465 1 ,174 291 Emergency Medical Services Award Grant 125,209 22,791 102,418 Continuing Professional Education Grant 1,073 410 668 Communications 6,362 4,250 2,112 Medical/Rescue Equipment Project 167,760 - 167,760 Systems Evaluation/Quality Assurance 55,124 ®- ` 55,124 Emergency Medical Communications 26,306 24,388 1,918 Emergency Medical Air Transportation 106,236 76,131 30,105 Communications 341,028 337,712 3,316 Hurricane Andrew 2,600 2,600 -- Red Cross Lower Keys 13,500 13,500 -- Red Cross upper Keys 10,000 10,000 -- Sheriff 2592031393 25,2 ,065 323 'total PublicSafety 26,975,328 26,5 366 448,460 Physical Environment: DNR Derelict Vesel'Pase II 553,942 553,942 - DNR Tavernier Creek #5 1,50 1,500 Garrison Bight Marina Restrooms 160,000 -- 160,000 DNR Derelict Vessel Removal 10 ,150 68,241 40,909 DNR Tavernier Creek 6,7,8,14, 3,675 3,67 - DNR Derelict Removal091442 2,345 2,345 DNR'Derelict Vessel 091447 6,916 6,916 -- DNR Cum erland No Wake Signs 9,200 9,200 -2 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) DNR Derelict Vessel 091457 3,200 3,200 -- DNR Derelict Vessel 091521 11,900 11,900 -- DNR Special Waterway Projects Program 7,820 7,820 - DNR Special Waterway Projects Program 20,000 -- 20,000 DNR Cooperative Waterway Projects 72,180 6,420 65,760 DNR Indian Key Channel Markers 18,500 7,820 10,680 DNR Alien Vessel Removal 20,000 11,323 8,677 Extension Service 115,484 112,80, 2,680 Total Physical Environment 1,115,812 805,606 310,206 Transportation: County Engineer 66,096 64,694 1,402 Highway Beautification 5,123 900 4,223 Total Transportation 71,219 65,594 5,625 Economic Environment: Housing Authority\HUD 267,877 1,011 266,866 Veteran's Affairs 305,488 302,984 2,504 SFETC -.JTPA Liaison 111,516 34,264 77,252 SFETC Intake 1,29,082 51,510 77,572 Summer Youth Employment&Training 113,535 35,258 78,277 SFETC-Title IIC 74,585 33,151 41,434 Total Economic.Environment 1,002,083 458,178 543,905 Human Services: HRS Substance Abuse Grant 321,406 237,727 83,679 HRS Homeless Mentally III 124,729 87,957 36,772 Public Works Animal Shelter 609,474 564,940` 44,534 Middle Keys Guidance Clinic 501,266 501,219 47 Upper Keys Guidance Clinic 67,859 67,859 Care Center for Mental Health 210,829 209,067 1,762 The Heron 25,000 25,000 -- Monroe County Association for Retarded Citizens 25,000 25,000 -- Welfare Administration 600,437 581,853 18,584 Welfare Services 799,500 702,342 97,158 Health Care Responsibility Act 243,540 73,457 170,083 Bayshore Manor 339,639 334,584 5,055 Senior Community Service Project-1 351216 211,864 139,352 Senior Community Service Project-11 36,391 34,057 2,334 Transportation Title 111-8 63,632 63,601 131 Nutrition C-1 340,526 283,778 56,748 Nutrition C-11 226,668 182,792, 43,876 CCE - In Home Services 1,175,560 755,870, 419,690 D-3 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL'FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) CCDA - Homemakers 2311783 138,587 93,196 Homemaker 111-D 31`,372 23,309 8,063 Referral 3-13 Information 225,666 142,990 82,676 ADIP 48,252 32,299 15,953 SCSP 43,022 42,842 180 Nutrition IIIF 10,452 7,462 2,990 Lower Keys AARP 1,500 142 1,358 Middle Keys AARP 1,500 1,362 138 Upper Keys AARP 1,500 491 1,009 Big Pine Key AARP 1,500 1,500 -- Older Americans Volunteer Program 4,600 2,024 1,976 Legal Aid 18,750 15,200 3,550 Help Line 12,000 12,000 -- Domestic Abuse Shelter .20,000 20,000 -- Hospice of the Florida Keys 48,000 48,000 -- Aids Help, Inc. 34,000 34,000 -- Big Brothers\Big Sisters 10,000 10,000 - Handicapped Job Placement 25,000 25,000 -- Florida Keys Children Shelter 21,000 21,000 - - Life Center Foundation 15,000 15,000 Wesley House 12,000 12,000 - Literacy of America 3,000 3,000 -- Anti Drug.Abuse DARE 30,363 `22,096 85267 Anti Drug Life Center 30,060 :30,060 -- Total Human Services 6,942,392 5,588,331 1,354,061 Culture and Recreation: Florida Keys Youth Club 30,000 30,000 -- Upper Keys Youth Club 33,600 33,600 -- Heart of the Keys Recreation 18,000 18,000 -- Big Pine Athletic Association 18,000 18,000 -- Fine Arts Council 90,000 90,000 -- Higgs Beach 69,914 69,052 862 Summer School Recreation Program 42,750 40,385 2,365 Historic Fla. Keys Preservation Board 8,550 8,550 -- Monroe County Museums 17,117 10,981 6,136 Lower Matecumbe Beach 43,517 43,517 -- Sombrero Beach Restrooms 65200 26,895 38,305 LibraryAdmin Support 328,298 328,197 101 Library Key West 398,794 387,590 11,204 Library Bookmobile 39,092 39,179 813 Library Marathon 202,099 166,666 35,433 Library lslamorada 151,202 149,563 1,639 Library Key Largo 185,526 179,583 5,943 Library Big Pine Key 41,008 23,290 17,718 D-4 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE_ — BUDGET AND ACTUAL GENERAL FUND CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Library Donations 122,169 29,690 92,479 Florida Local Records Grant 13,531 3,531 -- Total Cultural and Recreation 1,909,267 1,696,269 212,998 Debt Service: Principal Retirement 78,166 73,206 4,960 Interest and Fiscal Charges 12,472 11,507 965 Total Debt Service 90,638 84,713 5,925 Total Expenditures 57,837,000 54,314,984 3,522,016 Excess of Revenues Over/ (Under) Expenditures (30,369,319) (27,606,491) 2,762,828 Other Financing Sources/(Uses): Reserve for Contingencies (338,368) -- 338,368 Transfers from Other Funds 27,924,918 27,322,881 (602,037) Transfers to Other Funds (1,260,250) (1,260,250) -- Capital Lease -- 225,250 225,250 Total Other Financing Sources(Uses) 26,326,300 26,287,881 (38,419) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — Budgetary Basis (4,043,019) (1,318,610) 2,724,409 Total Adjustments —— 8,168 8,168 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - GAAP Basis (4,043,019) (1,310,442) 2,732,577 Fund Balance, October 1, 1993 11,900,381 11,900,381 -- Prior Period Adjustment -- (99,473) (99,473) Residual Equity Transfer -- (14,543) (14,543) Fund Balance, September 30, 1994 $ 7,857,362 $ 10,475,923 $ 2,618,561 D-5 S SPECIAL REVENUE FUNDS__7 PECIAL REVENUE FUNDS QDBG HOUSINGREHABILITATION To account for revenues and expenditures of various low income housing gr ts. FINE FORFEITURE To account for revenues received'from fines and forfeitures imposed from the commission of statutory offenses, and ad valorem taxes that are transferred to the Sheriff's Department and- to account for operations of the County's court support system. BRIDGEROAD AND To account for all revenues, operating expenditures and capital improvements for the County's Road Department, LAW LIBRARY To account for all revenues and expenditures for the County's Law Library. TOURIST VL T DISTRICTS To account for the local option three cent bed tax in five district funds and an Administrative and Promotional Fund for the expenditures of advertising, promotions, and special events of the County Tourist Development Council .FIRE 1 T t T To account for all revenues and expenditures in three district funds for county fire and ambulance services. TRANSLATOR SYSTEM SERVICE DISTRICT To account for all revenues and expenditures for the county's television translator system. SPECIAL ! T 1 T To account for all revenues and expenditures for Cross Key Waterway Estates. MARINER'SHOSPITAL SPECIALT E ITI T To account for the revenues and expenditures for upgrading the facilities atMariner's Hospital. UNINCORPORATED ICE DISTRICT To account for all revenues and expenditures for planning, building and zoning, and parks and recreation. Continued IMPACT FEES To account for special assessment revenues in five funds of the unincorporated area from impact fees for roadways, parks and recreation, libraries, solid waste, police facilities, and Fire and EMS. 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 SECURITYI T l T To account for the revenues and expenditures in providing security services for the Duck Key District. ASSISTANCELOCAL HOUSING To account for the revenues and expenditures for the administration and implementation of the Local Housing Assistance Program. UPPER KEYSL CI L TAXING I T ! T To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. COMPREHENSIVELAUTHORITY Designated to purchase unbuildele property in the Florida Keys and repackage the property into appropriate lot sizes to meet the new Density and Land Use Plan requirements. Property is also purchased for recreational and conservational purposes. SHERIFF FEDERAL GRANTS To account for all revenues and expenditures for the Sheriff Department's federal grant program. This fund does not have a legally adopted budget. SHERIFF SAFETY SEAT PROGRAM To account for all revenues and expenditures for the safety seat program of the Sheriff's Department. This fund does not have a legally adopted budget. SHERIFF'S FORFEITURE To account for the Sheriff Department's revenues produced from forfeitures and expenditures in the prevention, investigation, detection, and identification of crime. This fund does not have a legally adopted budget. SHERIFF'S OFF—DUTY To account for the Sheriff Department's revenues and expenditures for the purpose of providing private security services. This fund does not have p legally adopted budget. MONROE COUNTY, FLORIDA COMBINING BALANCET ALL SPECIAL REVENUE FUNDS SEPTEMBER 30, 1994 Community Development Fine Road Block & & La GrantForfeiture ri ge Library ASSETS Assets: Cash and Cash Equivalents $ 174,267 $ 3,085, 59 8,012,698 $ 24,172 Investments at Cost or Amortized Cost - 3,108,711 2,279,722 Accounts Receivable: Other 5 190 351 10 Allowance for Other Uncollectible Mortgage Note Receivable 414,76 - - -Allowance for Mortgage Receivable (248,153) -- -- -- Inventory of Land for Resale Due from Other Fundy - -- -- Due from Other Governmental Units 32,681 525,224 606,160 1,383 Interest Receivable -- 40,922 30,009 -- Total Assets 373,569 $ 6,760,406 10,9 ,940 $ 065 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable 32,176 $ 96,675 $ 223,311 2,249 Tax Anticipation Note -- - - -- -- Accrued Wages and Benefits Payable __ 12,761 63,658Accrued Compensated Absences Payable 7,650 13,714 - e to Other Funds - 174 18,427 3 Doe to Other Governmental Units 502 - Deposits in Escrow 150 -- Deferred,Revenues 44,280 -- -- -_ Other Current Liabilities -- 57 - -- Total Liabilities 76,456 117,317 319,762' 2,252 Fund Equity: Fund Balances- Reserved for Encumbrances -- 11,286 13,121 -Reserved for Land Acquisition -- - _- Reserved for Inventory -- -- -- Reserved for Mortgage Loans 166,616Unreserved, Designated for Beaches -- -- --Unreserved, Undesignated 130,497 6,631180 1 0,596 057 23,813 Total Fund Equity 27,113 6,643,089 10,6 ,178 23,813 Total Liabilities and Fund Equity $ 373,569 $ 6 760,406 $ 10,9 940_ $ 26,065 -1 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS - CONTINUED SEPTEMBER 30, 1994. Tourist Tourist Tourist Tourist Development, Development, Development, Development, District District District District #One #Two #Three #Four 2 Cent 2 Cent 2 Cent 2 Cent ASSETS Assets: Cash and Cash Equivalents $ 527,373 $ 144,813 $ 118,661 $ 105,306 Investments at Cost or Amortized Cost -- -- Accounts Receivable: Other -- -- - -- Allowance for Other Uncollectible -- -- -- - Mortgage Note Receivable -- -- -- -- Allowance for Mortgage Receivable -- - -- Inventory of Land for Resale -- -- -- -- Due from Other Funds 14,017 1,298 2,855 3,374 Due from Other Governmental Units 14,284 10,348 1,013 5,071 Interest Receivable -- -- Total Assets $ 555,674 $ 156,459 $ 122,529 $ 113,751 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 87,266 $ 7,947 $ 17,490 $ 20,671 Tax Anticipation Note -- -- -- -- Accrued Wages and Benefits Payable 240 22 49 58 Accrued Compensated Absences Payable 662 61 135 159 Due to Other Funds 10,946 956 2,210 2,686 Due to Other Governmental Units -- -- -- -- Deposits in Escrow -- -- -- -- Deferred Revenues -- -- -- -- Other Current Liabilities -- -- -- Total Liabilities 99,114 8,986 19,884 23,574 Fund Equity: Fund Balances: Reserved for Encumbrances -- -- -- Reserved for Land Acquisition -- -- -- -- Reserved for Inventory -- -- - - Reserved for Mortgage Loans -- -- -- -- Unreserved, Designated for Beaches -- -- Unreserved,' Undesignated 456,560 147,473 102,645 90,177 Total Fund Equity 456,560 147,473 102,645 90,177 Total Liabilities and Fund Equity $ 555,674 $ 156,459 $ 122,529 $ 113,751 E-2 Tourist Tourist Development, Tourist Tourist Tourist Tourist Development, Administrative Development, Development, Development, Development, District and District District District District .Five Promotional #One #Two #Three #Four Gent 2 Cent 3 Cent 3 Cent 3 Cent 3 Cent 177,599 1,368,722 1,081,547 $ 147,933 $ 139,835 $ 92,847 -- -- 518,119 -- - -_ 2,475 -- - -- -- 4,413 11,672 4,718 56 992 1,058 1,576 66,916 21,942 15,896 1,556 7,789 - -- 6,820 - -_ $ 183,588 1,449,785 $ 1;633,146 $ 164,355 142383 $ 101,EP4 $ 27,0 $ 290,006 $ 139,625 $ 7,766 $ 12,552 $ 5,6916 75 1,333 727 457 49 58 209 3,680 1,131 458 135 159 3,528 413 - 12 2,406 686 30,902 295,432 141,483 8,693 15,142 6,599 - -- 1,086,213 -- -- 152,686 1,154,342 405,450 155,662 127,241 95,05 152,686 1,154,353 1,491,663 155,662 127,241 95,095 $ 183588 $ 1,449,785 $ 1 y33,146 $ 164,355 $ 142,383 $ 101,694 F-3 (Continued) COUNTY,MONROE FLORIDA COMBINING BALANCET ALL SPECIAL REVENUE FCONTINUED SEPTEMBER 30, 1994 Tourist Fire And Development, Ambulance Fire And Fire And District District #1 Ambulance Ambulance Five Lowerand District #5 District 3 Cent Middle Keys Tavernier Key Largo ASSETS Assets: Cash and Cash Equivalents $ 126,847 $ 305,014 $ 187,486 $ 236,435 Investments at Cost or Amortized Cost -- 103,624 -- Accounts Receivable: Other -- 1,753,591 6 -Allowance for Other Uncollectible -- (1,605,711) -- Mortgage Note Receivable -- -- -- -Allowance for Mortgage Receivable - - -- -- Inventory of Land for Resale -- -- -- -- Due from Other Funds 1, 6 -- Due from Other Governmental Units 2,421 44,499 5,106 6,896 Interest Receivable -- 1,364 -- -- Total Assets 130, 2 $ 602,381 $ 192 60 $ 243,331 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 32,814 163,460 $ 27,6 $ 55,174 Tax Anticipation Note 310,000 -- -- Accrued Wages and Benefits Payable 75 62,143 1,260 1,05 Accrued Compensated Abse s Payable. 209 3,553 927 1,014 Due to Other Funds 848 893 50 9 Due to Other Governmental Units -- 212 -- 1,047 Deposits in Escrow Deferred Revenues -- - -- Other Current Liabilities -- -- -- -- Total Liabilities 33,946 540,261 29,840 58,392 Fund Equity: FundBalances: Reserved for Encumbrances -- 237 110 3,513 Reserved for Land Acquisition - -- _- Reserved for Inventory - Reserved for Mortgage Loans Unreserved, Designated for Beaches -- -- -_ -- Unreserved, Undesignated 96,682 61,883 162,710 11,426 Total Fund Equity 96,682 62,120 162,820 184,939 Total Liabilities and Fund Equity $. 130,628 $ 602, 1 $ �192 660 . $ 243,331 _4� Unincorporated Special Area Service Unincorporated Translator Road DistrictMariner's District Area Service system Cross Key Hospital Planning, District Service Waterway Special Building and Parks and Impact Fees District Estates Taxing District Zoning Recreation RqqdMrays $ 277,134 $ 6,352 $ - $ 707,091 $ 180,133 $ 5,441,520 -- -- -- 1,554,355 -- 947,644 -- -- 1,371 -- -- -- 3,953 -- 3,424 -- -- 133,777 4,242 - __ 2 ,461 --m 12,475 $ 280,558 $ 6,352 $ -- $ 2,417,055 $ 188,328 $ 6,401639 $ 29,892 $ -- $ -- $ 171,888 $ 2,659 $ 1,149 -- =- -- 106,060 8,545 -- -- _- 3,230 640 -- -- ®- 57,523 29,655 -® 2,500 29,892 -- -- 341,201 41,499 1,149 73,981 -- -- 683 -- 176, 5 6352 -- 2,075,171 146; 2 6,400,490 250,666 6,352 -- ,075,854 146, 29 6,400,490 $ _ 280,558 $ _ 6, 52 $ - - $ 2,417,055 $ 188,328 $ 6,401,639 E-5 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS — CONTINUED SEPTEMBER 30, 1994 Impact Fees Impact Fees Parks and Impact Fees Impact Fees Police Recreation Libraries Solid Waste Facilities ASSETS Assets: Cash and Cash Equivalents $ 655,436 $ 383,571 $ 533,973 $ 516,359 Investments at Cost or Amortized Cost —— —— —— —— Accounts Receivable: Other -- -- — -- Allowance for Other Uncollectible" -- - - -- Mortgage Note Receivable —- —— —- —— Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale -- -- -- Due from Other funds -- - -- Due from Other Governmental Units -- -- -- Interest Receivable —— —— —— —- Total Assets $ 655,436 $ 383,571 $ 533,973 $ 516,359 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 16,622 $ 500 $ -- $ — Tax Anticipation Note -- -- -- -- Accrued Wages and Benefits Payable -- -- - - Accrued Compensated Absences Payable -- - -- -- Due to Other Funds -- -- -- -- Due to Other Governmental Units -- -- -- Deposits in Escrow -- -- -- Deferred Revenues - -- -- Other Current Liabilities -- - -- -- Total Liabilities 16,622 500 —— —— Fund Equity: Fund Balances: Reserved for Encumbrances -- -- - -- Reserved for Land Acquisition -- -- Reserved for Inventory —— — —— —— Reserved for Mortgage Loans —— -— —— —— Unreserved, Designated for Beaches -- -- -- -- Unreserved, Undesignated 638,814 383,071 533,973 516,359 Total Fund Equity 638,814 383,071 533,973 516,359 Total Liabilities and Fund Equity $ 655,436 $ 383,571 $ 533,973 $ 516,359 E-6 Upper Keys Health Care Comprehensive 911 Duck Key Local Special Plan Impact Fees Enhancement Security Housing TaxingLand Fire & EMS Fees District Assistance District Authority $ 99,905 $ 69,7 $ 37,497 $ 199,833 $ 930,420 $ 6,877,734 -- - -- 3,108,711 - -: 28,558 - -- - - -- -- -- 2631023 -- 701,932 7,438,651 8 _® 8,567 232,880 - -- -- -- 40,9 $ 99,905 $ 98,338 $ 37,505 $ 462,856 $ 4;088,620 $ 15,251,197 $ - $ 33,774 $ 5,295 $ 300 $ 8,400 $ -- -- -= ®- - 2,819 ,543 -_ -- -- -- -- 77 -_ -- -- 263,023 -.- -- -® 33,774 5,295 263,323 13,841 -- __ _- __ -- 24,4 - -- -- -- -- -- 3,262,265 7,438, 51 701,932 99,905 64,564 0 199,533 4, 0,333 3,848,349 9,905 64,564 32,210 199,533 - 4,074,779 15,251,197 $ 99< 05 $ ,3 $ 37,505 $ 462,856 $ 4,088,620 $ 15 251,197_ E-7 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS — CONTINUED SEPTEMBER 30, 1994 Sheriff Sheriff Safety Federal Seat Sheriff's Sheriff's Grants Program .Forfeiture Off—Duty ASSETS Assets: Cash and Cash Equivalents $ $ 10,612 $ 175,191 $ -- Investments at Cost or Amortized Cost —— —— —— —— Accounts Receivable: Other —— —— 18,742 4,706 Allowance for Other Uncollectible —— —— —— —— Mortgage Note Receivable —— —— —— —— Allowance for Mortgage Receivable —— —— —— —— Inventory of Land for Resale —— —— —— —— Due from Other Funds 305,198 —— —— —— Due from Other Governmental Units 360,942 -- -- Interest Receivable —— —— —— —— Total Assets $ 666,140 $ 10,612 $ 193,933 $ 4,706 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 25,096 $ 1,590 $ 17,708 $Tax Anticipation Note -- -- -- -- Accrued Wages and Benefits Payable 16,125 Accrued Compensated Absences Payable -- -- -- - Due to Other Funds 319,721 — -- 4,706 Due to Other Governmental Units 267,533 -- 176,225 -- Deposits in Escrow -- -- -- -- Deferred Revenues 37,665 -- -- -- Other Current Liabilities -- -- -- -- Total Liabilities 666,140 1,590 _ 193,933 4,706 Fund Equity: Fund Balances: Reserved for Encumbrances —— —— —— —— Reserved for Land Acquisition Reserved for Inventory —— —— —— —— Reserved for Mortgage Loans —— — —— Unreserved, Designated for Beaches —— —— —— —— Unreserved, Undesignated -- 9,022 -- -- Total Fund Equity -- 91022 -- -- Total Liabilities and Fund Equity $ 666,140 $ 10,612 $ 193,933 $ 4,706 E-8 Total $ 33"159,455 11,620,886 1,810,067 (1,605,711) 1,379,724 (248,153) , 7,438,651 355,434 2,115,101 152,973 $ 56,178,427 $ 1,564,444 310,000 277,572 36,399 372,636 532,774 2,650 344,968 . 57 3,441,500 127,388 3,262,265 7,438,651 868,548 1,086,213 39,953,862 52,736,927 $ 56,178,427 E-9 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Community Development Fine Road Block & & Law Grant Forfeiture Brid a Library Revenues: Taxes $ -- $ 26,020,052 $ 1,861,052 $ -- Licenses& Permits —— -— -- Intergovernmental 197,507 218,917 2,668,706 -- Charges for Services -- 216,469 14,442 Fines&Forfeitures -- 2,118,971 — 20,478 Interest 9,253 313,531 379,394 595 Miscellaneous -- 6,375 49,480 -- Total,Revenues 206,760 28,894,315 4,973,074 21,073 Expenditures: Current: General Government -- 618,604 -- 17,482 Public Safety -- 2,641,259 -- - Physical Environment __ _— -- Transportation —— —— 3,950,150 Economic Environment 232,484 -- -- -- Human Services -- -- -- -- Culture and Recreation -- -- -- Debt Service —— —— 2,895 Total Expenditures 232,484 3,259,863 3,953,045 17,482 Excess of Revenues Over/ (Under) Expenditures (25,724} 25;634,452 1,020,029 3,591 Other Financing Sources/(Uses): Transfers from Other Funds —— —— 18,153 — Transfers to Other Funds (25,371,420) (116,853) —— Total Other Financing Sources/(Uses) -- (25,371,420) (98,700) -- Excess of Revenues and Other Sources Over/ (Under)Expenditures &Other Uses (25,124) 263,032 921,329 3,591 Fund Balance, October 1, 1993 322,837 6,381,321 9,701,563 20,222 Prior Period Adjustment -- (1,264) (13,714) -- Residual Equity Transfer — -- -- -- Fund Balance, September30, 1994 $ 297,113 $ 6,643,089 $ 10,609,178 $ 23,813 E-10 Tourist Tourist Tourist Tourist Tourist Tourist Development, Development, Development, Development, Development, Development, Administrative District District District District District ne #Two #Three #Four #Five Promotional 2 Cent 2 Cent 2 Cent 2 Cent 2 Gent 2 Cent 672,716 97,216 133,475 $ 195711 251,403 $ 3,316,597 10,793 3,7 9 1,765 3,075 2,516 45,432 14,422 4,399 2,900 2,571 5,265 26,845 1,440 132 293 347 453 6,947 899,376 105,518 188,433 201,704 259,657 3,395,821 755, 3 68,708 147,238 174,047 23 ,741 2,978,396 755;283 68,708 147238 174,047 234,741 2,973,396 144,093 36,610 41,195 27,657 24,916 417,425 144,093 3 ,610 41,195 27, 57- 417,425 312,467 110,663 61,450 62,520 127,770 736,928 $ 456,560 � 147,43 $ 102, $ 90,177 $ _L52,5q6 $ 1,154,353 F-11 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Tourist Tourist Tourist Tourist Development, Development, Development, Development, District District District District #One #Two #Three #Four 3 Cent 3 Cent 3 Cent 3 Cent Revenues: Taxes $ 1,340,578 $ 149,336 $ 281836 $ 300,632 Licenses& Permits -- I ntergovernmental —— —— -- Charges for Services 16,588 5,790 2,712 4,724 Fines& Forfeitures — -- -- Interest 56,314 5,546 3,249 1,453 Miscellaneous 82,703 -- -- -- Total Revenues 1,496,183 160,672 287,797 306,809 Expenditures: , Current: General Government Public Safety -- -- -- -- Physical Environment -- -- -- -- Transportation -- Economic Environment 1,374,976 167,295 280,180' 281,846 Human Services — -- -- -- Culture and Recreation -- -- -- -- Debt Service —— —— —— Total Expenditures 1,374,976 167,295 280,180 281,846 Excess of Revenues Over/ (Under) Expenditures 121,207 (6,623� 7,617 241963 Other Financing Sources/(Uses): Transfers from Other Funds -- -- -- -- `Transfers to Other Funds — — -- -- Total Other Financing Sources/(Uses) -- -- -- -- Excess of Revenues and Other Sources Over/ (Under) Expenditures & Other Uses 121,207 (6,623) 7,617 24,963 Fund Balance, October 1, 1993 1,370,456 162,285 119,624 70,132 Prior Period Adjustment -- --- -- -- Residual Equity Transfer -- -- — -- Fund Balance, September 30, 1994 $ 1,491,663 $ 155,662 $ 127,241 $ 95,095 E-12 Tourist Eire And Special Development, Ambulance Fire And Fire And Translator Road District District District #1 Ambulance Ambulance Systemrasa Key Five Lowerand District #5 DistrictService Waterway cent Middlees Tavernier ey ara District Estates $ 38 ,179 $ 3,200,448 $ 357,622 540,218 304,586 $ -- -� 30,077 3,866 476,668 5,083 6,777 3,38 -- 5,045 47,844 11,922 14,047 10,724 238 5,538 3,689 4,796 -- 395,090 3,70,575 378,316 565,838 318,698 238 -- 117,102 16,076 15,437 - -- 3,388,166 _ 348,859 527,702 -- -- - -- -_ __ 400 507,052 - -- - -- -- -- -- -- 297,877 - _- 1 ,0 -- -- _- _- 57,052 3,517,321 364,935 543,139 297,877 400 (111, 2) - 243,254 13,381 22,699 20,821 (162) _ (355,.219) (68, ) (^"m 18 ) ({3,159) _____(q2q,8291 68,820_ (68,8201 (13,159) (111,962) (80, 75) (55,439) (46,i21} 7,662 (162) 208,644 146,248 219,186 231,060 243,004 6,514 -- (3,553) (927) --- -- 96,682N $ 621 $ 1632820 $ 184939 $ 50,666 $ 6,352 E-13 (Continued) COUNTY,MONROE FLORIDA COMBINING T T T OF REVENUES, EXPENDITURES CHANGES IN FUND L SPECIAL REVENUE FCONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER , 19 Unincorporated Area a ice Unincorporated Mariner's District Area Service Hospital I ninDistrict Special Building and Parks and Impact Fees Taxing District oning Recreation Roa ays Revenues: . Taxes $ 1,62,822 $ 1,817,287 $ 308,941 $ -- Licenses& Permits -- 1,79 ,632 -- Intergovernmental — 202,619 2,519 Charges for Services 13,000 303,368 33,324 -- Fines& Forfeitures -- 92,833 -- Interest 71, 11 113,000 11,925 111,543 Miscellaneous -- 14,200 4,493 456,043 Total Revenues 11707,133 4, 35,939 361,202 567,586 Expenditures: Current: General Government 82,530 2,196,48 -- -- Public Safety -- 2,121,017 — -- Physical Environment 499,327 -- -- Transportation —— 5,775 —— 241,762 Economic Environment Human Services 3,364,299 -® -- -- Culture and Recreation -- -- 414,356 -- Debt Service —— 5,336 — —— Total Expenditures 3,446,829 4,87,944 414,356 241,762 Excess of Revenues Over/ (Under) Expenditures (1,739,696) (4 2, 5} (53,1 } 325,824 Other Financing Sources/(Uses): Transfers from Other Funds -- 250,888 -- -- Transfers to Other Funds -- (147,593) (32,952) -- Total Other Financing Sources/(Uses) =- 103,295 (32,952) -- Excess of Revenues and Other Sours Over/ (Under) Expenditures & Other Uses (1,739, 96) (388,710) (86,106) 325,824 Fund Balance, October 1, 1993 1,739,696 2,44,486 232,935 2,774, 66 Prior Period Adjustment -- (19,922) -- -- Residual Equity Transfer 3,300,000 Fund Balance, September 30, 1994 $ -- 2,075,854 $ 146,829 $ 6,400,490 E-14 Impact Fees Impact Fees Impact Fees 911 Parks and Impact Fees Impact Fees Police Firs And Enhancement Recreation Libraries Solid Waste Facilities EMS Fees 342,981 21,260 12,794 18,811 17,152 2;031 865 182,157 143,549 42,772 88,253 63,501 -- 203,417 156,343 61,583 105,405 65,532 343,846 _ -- -- 300 210 305,138 128 50;6 298,565 -- - - 50,636 298,565 128 30 210 305,138 152,781 (142,222) 61,455 10 ,105 65,322 38,708 580) __ -- -- -- @ 580) 152,781 (142,222) 61,455 105,105 65,322 32,128 486,033 525,293 472,518 411,254 34,583 32,436 638,814 383,071 _ 533,973 516 99,905 64,5 E-15 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Upper Keys Health Care Comprehensive Duck Key Local Special Plan Security Housing Taxing Land District Assistance District Authority Revenues: Taxes $ —— $ _— 597,576 — Licenses& Permits -= -- - Intergovernmental -- 248,829 -- 1,672,040 Charges for Services —— -— 8,471 — Fines& Forfeitures Interest 1,497 7,319 162,469 216,624 Miscellaneous 65,879 24,465 178,661 , Total Revenues 67,376 256,148 192,981 2,067,325 Expenditures: Current: General Government 1,926 43,257 1,243,571 Public Safety 54,9 ®_ -- Physical Environment Transportation —— —— — —— Economic Environment — 335,649 Human Services -— 835,193 Culture and Recreation -- -- -- - - Debt Service —— —— — —— Total Expenditures 56854 335,649 878,450 1,243,571 -------------- Excess of Revenues Over/ (Under) Expenditures 10,5 (79,501) 5,469) 823,754 Other Financing Sources/(Uses): Transfers from Other Funds —— —— —— -- Transfers to Other Funds -- -- (2,800} -- Total Other Financing Sources/(Uses) — — (2,800) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures & Other Uses 10,5 (79;501) (88,269) 823,75 Fund Balance, October 1, 1993 21,688 279,034 4,165,591 14,427,443 Prior Period Adjustment -- - - (2,543) -- Residual Equity Transfer Fund Balance, September 30, 1994 $ 32,210 $ 199,533 $ 4,07 ,779 $ 15,251,197 —16 Sheriff Sheriff Safety Federal Seat Sheriff's Sheriff's Grants Progfym Forfeiture Off-Duty Total $ -- $ -- $ 44,006,285 1,792,632 1,582,510 -- - - _ 6,823,724 -- - -- 181,222 1,706,228 -- ®- 452,664 -_ 2,684,946 1,684,178 -- 673 - -- 1,426,839 1,582,510 673 452,664 181,222 60,124,832 4, 52,474. 1,582,510 -- 452,664 181,222 11,603,975 499,455 4,198,087 -- -- -- 7,537,895 - -- -- -- 4,199,492 - - - 1,061,434 -- _ -_ _ 20,284 1,582,510 -- 452,664 181,222 33,473,096 -- 673 -- -- 26,651,736 __ -- -- -- 300,431 -- -- -- _- (26,1 ,216) - -- -- -- (25,8 ,785) -- 673 -- -- 767,951 _- 8,349 -- -- 48,710,899 (41,923) 3,300,000 9,022 $ 52,7 927 F-17 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES I — BUDGET AND ACTUAL CDBG HOUSING 1 LIT TI SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable u get Actual (Unfavorable) Revenues: Intergovernmental 912,500 $ 197,507 $ (714,993) Interest 10,0 , 53 (747) Total Revenues 922,500 206,760 (715,740) Expenditures: Current: Economic Environment: Neighborhood Facilities 53,427 17,710 35,717 Elderly Homeowner Rehabilitation 301, 75 79,948 21,927 Community Development Block Grant 650,000 134, 26 515,174 Total Expenditures 1'1005,302 232,484 772,818 Excess of Revenues Over/ (Under) Expenditures (82,802) (25,724) 57,078 Other Financing Sources/(Uses): Reserve for Contingencies (5,009) — 5,000 Excess of Revenues and Other SourcesOver/ (Under) Expenditures and Other Uses (87,802) (25,724) 62,07 Fund Balance, October 1, 193 322,837 322,837 - — Fund Balance, September 30, 1994 $ 235,035 $ 297,113 $ 62,078 E-18 MONROE COUNTY, FLORIDA STATEMENT F REVENUES, IT CHANGES IN F T AND ACTUAL FINE FORFEITURE PE I L REVENUE FUND FOR THE FISCAL YEAR ENDEDE T , 1 4 Variance Favorable u get Actual ( rafavora le) Revenues: Taxes 2 ,9 ,064 26, ,052 - (933,012) Intergovernmental 235,222 218,91 (16,305) Charges for Services 150,000 216,469 66,469 Fines and Forfeitures 1,970,500 2,118,971 148,471 Interest 300,000 313,531 13,531 Miscellaneous 1,500 - 6,375 4,875 Total Revenues 29,610,286 28,8 315 (715,971) Expenditures: Current: General Government: Witness Fees 753, 0- 618,604 134,396 Public Safety: Sheriff's Other, 1,685,550 1,684,425 1,125 LEEA Funds 75,000 75,000Jail Operations 575,027 265,165 309,862 Public Works Correction Facilities 656,113 616,669 39,444 Total Public Safety 2, 91,690 2,641,259 350,431 Total Expenditures 3,744, 0 3,259,863 484,827 Excess of Revenues Over/ (Under) Expenditures 2528 ,596 25,6 ,452 (231,144) Other Financing Sources/(Uses): Reserve for Contingencies (92,593) -- 92,5 Transfers to Other Funds (25,959,677) (25,371,420) 588,257 Total Other Financing Sources/(Uses) (26,052,270) (25,371,420) 680,850 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (186,674) 263,032 449,706 Fund Balance, October 1, 1993 6, 81,321 6, 81,321 - Prior Period Adjustment -- (1,24) (1,264) Fund Balance, September 30, 1994 6,194,647 6 643 089 448,442 E-19 COUNTY,MONROE FLORIDA SCHEDULEF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE-BUDGET T L BRIDGEROAD AND FUND SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 9 Variance Favorable Budget _ Actual ( navo ra Ie) Revenues: Taxes $ 1,300,000 $ 1,861,052 $ 561,052 Intergovernmental 2,31 ,000 2,66 ,706 358,706 Charges for Services 5,000 1 ,442 9, 42 Interest 300,000 379,394 79,394 Miscellaneous 21,000 49,480 28,480 Total Revenues 3,936,000 4,973,074 1,037,074 Expenditures: Current: Transportation: Road Department 2,166,965 2,009,174 157,791 Boot Key Bridge 139,213 97,054 42,159 Transportation 494,227 488,460 5,767 County Engineer 462,684 449,059 13,625 Local Option Gas Tax: Tropical Key Colony 18,116 17,280 836 Street Lighting 269,235 252,416 16,819 Local Option Gas Tax Projects 1,82,600 129,908 1,752,692 80% Gas Tax 6,111,913 353,815 5,758,098 In-Douse Projects 250,000 152,984 97, 16 Total Transportation 11,7 ,953 3,950,150 7,844,803 -------------- Debt Service: Principal Retirement 95,000 95,000 -- Interest and Fiscal Charges 3,500 2, 95 605 Total Debt Service 98,500 97,895 605 Total Expenditures 11, ,453 ,048,045 7, 45,408 Excess of Revenues Over/(Under)Expenditures (7, 7,43) 95,029 q,882, 82 Other Financing Sources/(U s): Reserve for Contingencies (78,046) -- 78,046 Transfers from Other Funds 18,153 18,153 - Transfers to Other Funds (116,853) (116,853} -- Total Other Financing Sources/(Uses) (176,76 (98,700) 78046 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses - Budgetary Basis (8,14,199} 82 ,329 8,960,528 -20 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES I ET AND ACTUAL BRIDGEROAD AND FUND SPECIAL VECONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 9 Variance Favorable Budget Actual (UnfavoEqpte) Adjustment for Repayment of Tax Anticipation Note 95,000 95,000 -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses GAAP Basis (8,039,199) 921,329 8,960,528 Fund Balance, October 1, 1993 9,701,563 9,701,563 -- Prior Period Adjustment ®- (131714) (13,714} Fund Balance, September 30, 1994 1 662 364 10,6 ,178 8,946,814 E-21 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL LAW LIBRARY SPECIAL REVENUE FUND FOR.THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ 17,000 $ 20,478 $ 3,478 Interest 100 595 495 Total Revenues 17,100 21,073 3,973 Expenditures: Current: General Government: Operations 27,664 17,482 10,182 Excess of Revenues Over/ (Under) Expenditures (10,564) 3,591 14,155 Other Financing Sources/(Uses- -):Reserve for Contingencies (1,600) -- 1,600 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (12,164) 3,591 15,755 Fund Balance, October 1, 1993 20,222 20,222 —— Fund Balance, September 30, 1994 $ 8,058 $ 23,813 $ 15,755 E-22 COUNTY,MONROE FLORIDA STATEMENT F REVENUES,,EXPENDITU CHANGES IN F BUDGET AND ACTUAL TOURIST L T, TWO CENT, DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 782,026 872,716 $ 90,690 Charges for Services -- 10,798 10,798 Interest 16,320 14,4 (1,88) Miscellaneous -- 1,440 1,440 Total evenues 798,346 899,376 101, 0 xenitures: Current: Economic Environment: Events 467,329 416,583 50,746 Cultural Umbrella 160,289 127,068 33,221 Fishing Umbrella 219,240 185,658 33,52 Dive Umbrella 27,000 25,974 1,026 Total Expenditures 873,858 755,283 118,575 Excess of Revenues Over/ (Under) Expenditures (75, 12) 144,093 219,605 Fund Balance, October 1, 193 31'2,467 312,467 -- Fund al ce, September 30, 1994 23 ,95 456,560 219,605 E-23 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT,,DISTRICT TWO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable Revenues: Taxes $ 76,783 $ 97,218 $ 20,435 Charges for Services —— 3,769 3,769 Interest 4,692 4,399 (293) Miscellaneous —— 132 132 Total Revenues 81475 105,518 24,043 Expenditures: Current: Economic Environment: Events 48,238 37,483 10,755 Cultural Umbrella 14,601 11,669 3,022 Fishing Umbrella 20,451 17,151 3,300 Dive Umbrella 2,500 2,405 95 Total Expenditures 85,880 68,708 17,172 Excess of Revenues Over/ (Under) Expenditures (4,405) 36,810 41,215 Fund Balance,October 1, 1993 110,663 110,663 -- Fund Balance,September 30, 1994 $ 106,258 $ 147,473 $ 41,215 E-24 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN F — BUDGET AND ACTUAL TOURIST V L T, TWO CENT, DISTRICT THREE SPECIAL REVENUE FUND FOR THE,FISCAL YEAR ENDED SEPTEMBER , 19 4 Variance Favorable get Actual (Unfay ble) _Revenues: u Taxes 180,081 183,475 3,34 Charges for Services -- 1,765 1,765 Interest 1,734 2,900 1,166 Miscellaneous —— 293 293 Total Revenues 181,815 188,433 6,618 Expenditures: Current: Economic Environment: Events 100,290 78, 24 21,766 Cultural Umbrella 32,652 25,673 6,979 Fishing Umbrella 44,661 37,750 6,911 Dive Umbrella 5,500 5,291 209 Total Expenditures 183,103 147,238 35,865 Excess of Revenues Over/ (Under) Expenditures (1,288) 41,195 42,483 Fund Balance, October 1, 1993 61,450 61,4 -- Fund Balance, September30, 1994 60,162 102,645 42,483 E-25 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT, DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable _ qy4get Actual jqpLavorab� Revenues: Taxes $ 200,585 $ 195,711 (4,874) Charges for Services 3,075 3,075 Interest 4,590 2,571 (2,019) Miscellaneous 347 Total Revenues 34 ................................ ............. Expenditures: Current: Economic Environment: Events 109,258 92,829 16,429 Cultural Umbrella 38,588 30,341 8,247 Fishing Umbrella 52,781 44,624 8,157 Dive Umbrella 6,500, 6,253 247 Total Expenditures 207,127 174,047.. 33,080 ................................ Excess of Revenues Over/ (Under) Expenditures (1,952) 27,657 29,609 Fund Balance, October 1, 1993 62,,52D 62,520 -- .................................................................. Fund Balance, September 30, 1994 .....60,5(R.._ ......90,177 $ .................. 9 6QQ_ E-26 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT, DISTRICT FIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable —Bud 0-t— .... Actual ....... Revenues: Taxes $ 268,624 $ 251,403 (17,221) Charges for Services -- 2,516 2,516 Interest 6,120 5,285 (835) Miscellaneous 453 453 ..................................I.......... -— Total Revenues 274-744 259657 ..................................................... —...?............................. ____Jj5�087 Expenditures: Current: Economic Environment: Events 156,625 128,535 28,090 Cultural Umbrella 50,461 39,677 10,784 Fishing Umbrella 69,021 58,353 10,668 Dive Umbrella 8,500. ......1...,..,.--.-... 8,176.1. 324 . Total Expenditures .........284,607 ...... ?§ILT41 49,866 ............................................. ...... Excess of Revenues Over/ (Under) Expenditures (9,863) 24,916 34,779 Fund Balance, October 1, 1993 127,770 127,770 -- Fund Balance, September 30, 1994 $ 17.9Q7�_ $ j52.jQq6 $ 779 ..................I................. .................... E-27 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL TOURIST DEVELOPMENT,TWO CENT, ADMINISTRATIVE AND PROMOTION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Actual sUnfav�rat le) Revenues: Taxes 3,125,081 $ 3,316,597 191,516 Charges for Services -- 45,432 45,432 Interest, 24,845 26,845 2,000 Miscellaneous -- 941..................... .......................... Total Revenues ............. 3,149 2§ 3958 21 45 89L ,9 ......... Expenditures: Current: Economic Environment: Advertising and Promotion 2,875,731 2,751,656 124,075 Administrative Services 333,074 226,,741 106,333 Total Expenditures 3,208,805 2,978,397 230,408 Excess of Revenues Over/ (Under) Expenditures (58,879) 417,424 476,303 Fund Balance, October 1, 1993 736,928 736,928 Fund Balance, September 30, 1994 $ 1 154 2 3 ,$ $ .......... 76 ................... E-28 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget tuuall jq9favorable Revenues: Taxes 1,201,270 1,340,578 139,308 Charges for Services 16,588 16,588 Interest 79,254 56,314 (22,940) Miscellaneous -- 8270-3................ Total Revenues 1280524 96183 .............. 5,659� Expenditures: Current: Economic Environment: it Cent Program 146 -- 146 TDC Administrative 77,488 34,969 42,519 Tourist Information Services 200,200 190,390 9,810 Bricks and Mortar 1,237,260 249,247 988,013 Special Events 426,782 358,628 68,154 Promotion and Advertising 641,075 541,742 99,333 Total Expenditures 2,582,951 1,374,976 1,207,975 Excess of Revenues Over/ (Under) Expenditures (1,302,427) 121,207 1,423,634 Fund Balance, October 1, 1993 1370456 1 Fund Balance, September 30, 1994 68,029 43$ ............ 9166 I ................1,423634 ................ E-29 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT TWO SPECIAL REVENUE FUND' FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 117,947 $ 149,336 $ 31,389 Charges for Services 5,790 5,790 Interest 6,579 5,546 0,033) Total Revenues 124,526 160,672 36,146 Expenditures: Current: Economic Environment: Third Cent Program 6,622 -- 6,522 TDC Administrative 7,020 3,596 3,424 Tourist Information Services 57,000 47,155 9,845 Bricks and Mortar 16,824 15,115 1,709 Promotion and Advertising 134,626 96,591 38,035 Special Events 12,000 4,838 7,162 Total Expenditures 233,992 167,295 66,697 Excess of Revenues Over/ (Under) Expenditures (109,466) (6,623) 102,843 Fund Balance, October 1, 1993 162,285 162,285 - Fund Balance, September 30, 1994 $ 52,819 $ 155,662 $ 102.843 E-30 MONROE COUNTY, FLORIDA STATEMENTF REVENUES, EXPENDITURES CHANGES IN FUND — BUDGETAND-ACTUAL TOURIST DEVELOPMENT, T T, DISTRICT THREE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable get Actual Unf tgr e Revenues: Taxes 276,622 281,836 5,214 Charges for Services -- 2,712 2,712. Interest 3,060 3,249_ 139 Total Revenues 279,682 287,797 6,115 Expenditures: Current: Economic Environment: Third Cent Program 17,376 -— 17,373 T C Administrative 10,466 7,026 3,440 Tourist Information Services 34,0 67,269 16,731 Bricks and Mortar 35,483 11,696 23,737 Promotion and Advertising 201,515 -194,189 7,326 Total Expenditures 348,842 280,180 68,662 Excess of Revenues Over/ (Under) Expenditures (69,160) 7617 76,777 Fund Balance, October 1, 1993 11 ,624 119,62 — Fund Balance, September 30 1994 50,4 1 7;241 76,777 E--31 COUNTY,MONROE FLORIDA STATEMENT UE , EXPENDITURES BUDGETCHANGES IN FUND BALANCE — AND ACTUAL TOURIST DEVELOPMENT, T T, DISTRICTF CIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes 307,119 300,632 (6,47) Charges for Services —— 4,724 4,724 Interest 23,460 1,453 (22,007) Total Revenues 330,579 306,809 (23,770) Expenditures: Current: Economic Environment: 3rd Cent Program 2 ,7 -- 25,788 TDC Administrative 10,775 8, 10 2,465 Tourist Information Services 78,000 61,765 16,235 Bricks and Mortar 16,138 16,110 2 Special Events 3,000 3,000 --- Promotion and Advertising 235,461 192,661 42,800 Total Expenditures 369,162 281,846 87,316 Excess of Revenues Over/ (Under) Expenditures (38,583) 24,963 63,546 Fund Balance, October 1, 193 70,132 70,132 -- Fund al ce, September 30, 1994 $ 31,5 95,095 546 E- 2 MONROE COUNTY, FLORIDA STATEMENTF REVENUES, EXPENDITURES CHANGES IN FUND BALANCE — BUDGET AND ACTUAL TOURIST L T, THREE CENT, DISTRICT FIVE ECI L UE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable Budgqt Actual (Unf vary le} Revenues: Taxes 412,634 $ 386,179 (26,455) Charges for Services -- 3, 66 3;86 Interest 27,5 5,045 (22,495} Total Revenues 440,174 395,090 (45,084) Expenditures: Current Economic Environment: $rd Cent Program 38,142 -- 38,142 T C Administrative 14,682 10,849 3,833 Tourist Information Services 117,595 99,297 18,298 Bricks and Mortar 38,281 17,422 20,859 Special Events 4,526 4, 6 -- Promotion and Advertising 392,850 374,958 17,892 Total Expenditures 606,076 507,052 99,024 Excess of Revenues Over/ (Under) Expenditures (165,902) (111,962) 53,940 Find Balance, October 1, 1993 208,644 208,644 -- Fund of ce, September 30, 1994 $ 42,742 96,682 53,940 E-33 COUNTY,MONROE FLORIDA SCHEDULEF REVENUES, EXPENDITURES CHANGES 1 -BUDGET AND ACTUAL FIRE 1 T i 1 - LOWER AND MIDDLE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 94 Variance Favorable Budget ctual (Unfavorable' Revenues: Taxes $ 3, 3,022 3,20 , 8 $ (12,574) Intergovernmental 40,000 3 ,077 (9, 23) Charges for Services 450,000 476,668 26,668 Interest 90,000 47,8 ( 2,156) Miscellaneous 1,048 5,538 4,490 Total Revenues 3,904,070 3,76 ,575 (143,495) Expenditures: Current: General Government: Commissions and Fees 118,000 1179102 898 Public Safety: Fire Rescue - Stock Island 121,344 106,004 15,340 Fire Rescue - Big Coitt 161,569 129,951 31,61 Fire Rescue - Sugarloaf 17,470 105,332 42,138 Fire Rescue - Big Pine 180,402 156,432 23,970 Fire Rescue - Marathon 386,031 221,542 164,489 Fire Rescue - Conch Key 170,549 11,760 8,789 Fire Rescue - Layton 123,995 97,865 26,130 Fire Rescue - Islamoraa 151,792 133,288 18,504 Lower& Middle Keys Ambulance District 2,2 , 96 2,224,602 9,394 EMS Matching Grant 51,390 51,3 -- Total Public Safety 3,728,538 3,388,166 340,372 Debt Service: Principal 300,000 300,000 Interest 30,000 12,053 17,947 Total Debt Service 330,000 312,03 17,947 Total Expenditures 4,176,538 3,817,321 359,217 Excess of RevenuesOver/(Under) Expenditures (272,468) (56,7461 215,722 Other FinancingSources/(Uses): Transfers from Other Funds 31,390 31,3 -- Transfers to Other Funds (355,21 ) (3519) -- Total Other Financing Sources/(Uses) (323, 29) (323, 29) -- E-34 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES 1N FUND BALANCE — BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT #1 LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Bud et Actual (Unfavorable' Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — Budgetary Basis (596,297) ��380,575 215,722 Adjustment for Repayment of Tax Anticipation Note 300,000 300,000- — Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses GAAP Basis (296,297) (80,575) 215,722 Fund Balance,October 1, 1993, 146,248 146,248 -- Prior Period Adjustment -- {3,553) {3,553) Fund Balance, September30, 1994 $ {150,049 62,120 $ _ 212,169_ E-35 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT #5 - TAVERNIER SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 367,176 $ 357,622 $ (9,554) Charges for Services -- 5,083 5,083 Interest 18,000 11,922 (6,078) Miscellaneous -- 3;689 3,689 Total Revenues 385,176 378,316 (6,860) Expenditures: Current: General Government: Commissions and Fees 19,240 16,076 3,164 Public Safety: Tavernier Volunteer Ambulance 193,184 177,888 15,296 System Evaluation/Quality Assurance 1 720 358 362 Tavernier Volunteer Fire Department 200,266 170,613 29,653. Total Public Safety 394,170 348,859 45311 Total Expenditures 413,410 364,935 48,475 Excess of Revenues Over/(Under) Expenditures (28,234) 13,381 41,615 Other Financing Sources/(Uses): Reserve for Contingencies (4,833) - 4,833 Transfers to Other Funds (74874) (68,820) 6,054 Total Other Financing Sources/(Uses) (79,707) (68,820) 10,887 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (107,941) (55,439) 52,502 Fund Balance, October 1, 1993 219,186 219,186 -- Prior Period Adjustment -- (927) (927) Fund Balance, September 30, 1994 $ 111,245 $ 1`62,820 $ 51,575 E-36 COUNTY,MONROE FLORIDA STATEMENT F REVENUES, EXPENDITURES BALANCECHANGES IN FUND - BUDGET AND ACTUAL FIRE ! T l T Y LARGO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 19 4 Variance Favorable u , et Actual (Unfavorable) Revenues: Taxes 559,653 540,218 $ (19,435) Charges for Services -- 6,777 6,777 Interest 18,0 14,047 (3,953) Miscellaneous -- _ 4,796 4,796 Total Revenues 577,653 A65,838 {11, 15) Expenditures: Current: GeneralGovernment: Commissions and Fees 22,7 1 ,437 7,263 Public Safety: Key Largo Volunteer Ambulance 360,268 339,120 21,148 Key Largo Volunteer Fire Dept. 206,494 188,582 17, 12 Total Public Safety 566,762 527,702 39,060 Total Expenditures 589,462 543,139 46,323 Excess of Revenues Over/(Under)Expenditures Ll 1,809} 22,699 34,508 Other Financing Sources/(Uses) Reserve for Contingencies (10,315) -- 10,315 Transfers t®Other Funds (7 ,547} (68,820) 7,727 Total Other Financing Sources/(Uses) (86,862) (68,820) 18,042 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (98,671) (46,121) 52,550 Fund Balance, October 1, 1993 231,060 231,060 -- Fund Balance, September 30, 1994 $ 1 2,389 $ 184,939 $ 52,550 E-37 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TRANSLATOR SYSTEM SERVICE DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 314,042 $ 304,586 $ (9,456) Charges for Services -- 3,388 3,388 Interest 5,000 10,724 5,724 Total Revenues 319,042 318,698 (344) Expenditures: Current: Culture and Recreation: Translator Operations 414,931 297,877 117,054 Excess of Revenues Over/(Under)Expenditures (95,889) 20,821 116,710 Other Financing Sources/(Uses): Transfers to Other Funds (13,159) L (13,159) —— Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (109,048) 7,662 116,710 Fund Balance, October 1, 1993 243,004 243,004 -- Fund Balance, September 30, 1994 $ 133,956 $ 250,666 $ 116,710 E-38 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL SPECIAL ROAD DISTRICT — CROSS KEY WATERWAY ESTATES SPECIAL REVENUE FUND, FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 200 $ 238 $ 38 Expenditures: Current: Transportation: Cross Key District Refunds 6,704 400 6,304 Excess of Revenues Over/ (Under) Expenditures (6,504) (162) 6,342 Fund Balance, October 1, 1993 6,514 6,514 -- Fund Balance, September 30, 1994 $ 10 ,352 $ 6,342 E-39 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL MARINER'S HOSPITAL SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues Taxes $ 1,682,128 $ 1,622,822 $ (59,306) Charges for Services —— 13,000 13,000 Interest 110,861 71,311 (39,550) Total Revenues 117921989 1,707,133 (85,856) Expenditures: Current: General Government: Commissions and Fees 82,530 82,530 — Human Services: Mariner's Hospital Refunds 3,364,299 3,364,299 Total Expenditures 3,446,829 3,446,829 -- Excess of Revenues Over/ (Under) Expenditures (1,653,840) (1,739,696), (85,856) Fund Balance, October 1, 1993 1,739,696 1,739,696 -- Fund Balance, September 30, 1994 $ 85,856 $ —— $ (85 856� E-40 COUNTY,MONROE FLORIDA STATEMENT F REVENUES, IT CHANGES IN E - BUDGET AND ACTUAL UNINCORPORATED AREA SEICE DISTRICT - PLANNING, BUILDING ZONINGECIAL REVENUE FUND FOR THE FISCAL YEAR ENDEDTE , 1 4 Variance Favorable Budget ctual unfavorable) Revenues: Taxes $ 1,334,759 1,817,287 (67,472) Licenses and Permits 1,070,000 1,792,632 722,632 Intergovernmental 343,518 202,619 (140,899) Charges for Services 134,250 303,368 169,118 Fines and Forfeitures 47,000 92,833 45,833 Interest 85,000 113,000 28,000 Miscellaneous 5,000 14,200 9,200 Total Revenues 3,569,527 4,335,939 766,41 Expenditures: Current: General Government: Commissions and Fees 114,116 114,023 93 Planning and Zoning 1,543, 63 1,528,860 19,803 Planning Commission 57,182 56,921 261 Growth Management 333,962 330,638 3,324 IGIS Group Fund ` 111,000 97,535 13,465 Long Range Traffic Study 22,500 22,500 Planning and Building Refunds 54,560 46,012 6,546 Total General Government 2,241,983 2,196,489 45,494 Pudic Safety: Building e art ent 1,218,979 1,2 5,348 13,631 Code Enforcement 576,294 556,913 19,361 Fire Marshall 329,057 317,255 11,302 Fire Resources 50,000 41,501 3,49 "Total Public Safety, 2,174,330 2,121,017 53,31 Physical Environment: Environmental Resources 231,446 224,950 6,496 ADID Project (Florida Keys) 10,7 -- 10,730 South Florida Water Management 33;775 34,490 4,235 Cesspool Project 98,183 3 ,413 13,765 Marine Resources 103,300 102,199 1,101 Dater Impact Management Plan 6,694 5,527 1,167 DIVP Channel arking Plan 59,636 47,743 11,393 Total Physical Environment 543,764 499,327 49,437 E-41 (Continued) MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT — PLANNING, BUILDING AND ZONING SPECIAL REVENUE FUND CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Transportation: 1993 Travel Time Study 95,000 5,775 89,225 Debt Service: Principal Retirement 5,107 5,107 -- Interest and Fiscal Charges 229 229 — Total Debt Service 5,336 5,336 -- Total Expenditures 5,065,413 4,827,944 237,469 Excess of Revenues Over/(Under) Expenditures (1`,495,886) (492,005) 1,003,881 Other Financing Sources/(Uses): Transfers from Other Funds 250,888' 250,888 -- Transfers to Other Funds (147,593) (147,593) —- Total Other Financing.Sources/(Uses) 103,295 103,295 -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,392,591) (388,710), 1,003,881 Fund Balance, October 1, 1993 2,484,486 2,484,486 —— Prior Period Adjustment -- (19.922) (19,922) Fund Balance, September 30, 1994 $ 1.091,895 $ 2,075,854 $ 983;959 E-42 COUNTY,MONROE FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES I T AND ACTUAL UNINCORPORATED AREA SVI I T ICT — PARKS AND RECREATION SPECIAL U FUND FOR THE FISCAL T E , 19 4 Variance Favorable u qetActual LUnf vora lei Revenues: , Taxes 18,922 $ 308,941 (9,981) Intergovernmental -- 2,519 2,519 Charges for Services 15,000 33,324 13,32 Interest 12,000 11,9 (75) Miscellaneous —— 4,493 4,493 Total Revenues 345,922 36_1,_202 15,280 Expenditures: Current: Culture and Recreation: Summer School Recreation Program 55,000 54,748 252 Parks& Beaches Unincorporated 394,432 359,608 34,324 Total Expenditures 449,432 414,356 35,076 Excess of Revenues Over/(Under) Expenditures (10 ,51 ) (53,154) 50,356 Other Financing Sources/(Uses): Transfers,to Other Funds (32,952) (32,952) -- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (136,462) (86,106) 50,356 Fund Balance, October 1, 1993 232,935 232,935 -- Fund of ce, September 30, 1994 $ 96,473 $ 146,329 $ 50,356 E-43 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL IMPACT FEES — ROADWAYS SPECIAL REVENUE FUND FORT FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable .—PY0991— Actu. al (Unfavorable Revenues: Interest $ 76,500 $ 111,543 $ 35,043 Miscellaneous 218500 45 043 37543 Total Revenues 295�0_0_0 ................................ Expenditures: Current: Transportation: it Share Improvement County,Wide 4,580,000 4,580,000 it Share Improvement Dist 1 447,000 10,944 436,056 Fair Share Improvement Dist 2 320,000 10,097 309,903 it Share Improvement Dist 3 1,246 226 ... 102-5505 . ...... Total Expenditures 6,593,226 241,762 �IT6,,351,464 Excess of Revenues Over/ (Under) Expenditures (6,298,226) 325,824 6,624,050 Fund Balance, October 1, 1993 2,774,666 2,774,666 -- Residual Equity Transfer 3,900,000 3,300, 6OOwT ......................--- 000 ___I_ 9). Fund Balance, September 30, 1994 $ 376 449- 6,400 ,02450 j_0$ 90 $ 6 .......... E-44 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL IMPACT FEES - PARKS AND RECREATION SPECIAL REVENUE FUND FORT E FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Bud Apt Actual jqnf;W�ble� ............I.................. Revenues: Interest $ 4,900 21,260 $ 16,360 Miscellaneous 30000 ,15 __. 5 2157 j_ 1 Total Revenues 34900 203417 1_68,517 Expenditures: Current: Culture and Recreatiow it Share Improvement Dist 1 316,450 33,935 282,515 it Share Improvement Dist 2 101,370 101,370 it Share Improvement Dist 3 168250 16 701 '15,1549 J_ Total Expenditures 586,070 50,636 535,,434 Excess of Revenues Over/ (Under) Expenditures (551,170) 152,781 703,951 Fund Balance, October 1, 1993 486,033 486,033 Fund Balance, September 30, 1994 5"37 .........._§38.,814._ $_.._....703 951 E-45 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL IMPACT FEES — LIBRARIES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Bud t � Actual jqpITrorabliq_ Revenues: Interest $ 9,000 $ 12,794 $ 3,794 Miscellaneous 3O 000 -------------== _1_43,549 113,549 , Total Revenues 56 343 343 Expenditures: Current: Culture and Recreation: it are Improvement County Wide 513,084 298,565 2�4,519 Excess of Revenues Over/ (Under) Expenditures (474,084) (142,222) 331,862 Fund Balance, October 1, 1993 525,293 525,293 Fund Balance, September 30, 1994 51_,gP9_ $ 83 1 $ 331 62 E-46 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ® BUDGET AND ACTUAL IMPACT FEES — SOLID WASTE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable qyA9q_t_ Actual — fgnfavqTklej_ Revenues: Interest $ 2,500 $ 18,811 $ 16,311 Miscellaneous ................. 15 . ..............................__27 772 Total Revenues 17,500 .. 61 583 ow ....................................... ............. ............................ Expenditures: Current: Physical Environment: it Share Improvement Projects 473,.1 1.8 128 Excess of Revenues Over/ (Under) Expenditures (455,618) 61,455 517,073 Fund Balance, October 1, 1993 472,518 472,518 ...................................... F $und Balance, September 30, 1994 $ 16900 533_973 3 . ......... E-47 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL IMPACT FEES — POLICE FACILITIES SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Bud e�t Actual Unf av ppble Revenue& Interest $ 2,000 $ 17,152 $ 15,152 Miscellaneous 210000 8 ........................=-- . �. .. 68,253 Total Revenues 22000 105405 405 Expenditures: Current: Public Safety: it Share Improvement County Wide 72,000 72,000 it Share Improvement Dist 1 111,375 300 111,075 it Share Improvement Dist 2 111,375 111,375 Fair Share Improvement Dist 3 111375 m 111375 Total Expenditures 406,125 300 405,825 ............................................. Excess of Revenues Over/ (Under) Expenditures (384,125) 105,105 489,230 Fund Balance, October 1, 1993 411,254 . 411,254 Fund Balance, September 30, 1994 $.--_---27.129 516�359 489 0 E-48 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ® BUDGET AND ACTUAL IMPACT FEES - FIRE AND EMS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable ........................A.c. tu,al (Unfavorable) Revenues-, Interest $ 750 $ 2,031 Miscellaneous 34210 63,501 29291 Total Revenues 34960 655,92 3 0 572 ....................................--.1........... Expenditures: Current: Public Safety: it Share Improvement Dist 1 17,810 210 17,600 it Share Improvement Dist 2 4,310 4,310 it Share Improvement Dist .3 3�6 617 36�1� ......--------- Total Expenditures 58,737 210 58,527 Excess of Revenues Over/ (Under) Expenditures (23,777) 65,322 89,099 Fund Balance, October 1, 1993 ....... 34583 .............. 34,583 Fund Balance, September 30, 1994 ---J-0'.A8(&- $ -------8—%10-99 ............ ............. E-49 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL 911 ENHANCEMENT FEE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services $ 325,000 $ 342,981 $ $17,981 Interest —— 865 865 Total Revenues 325,000 343,846 18,846 Expenditures: Current: Public Safety: 911 Emergency System 309,585 305,138 4,447 Excess of Revenues Over/(Under) Expenditures 15,415 38,708 23,293 Other Financing Sources/(Uses): Transfers to Other Funds (6,580) (6,580) —- Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses 8,835 32,128 23,293 Fund Balance, October 1, 1993 32,436 32,436 —— Fund Balance, September 30, 1994 $ 41,271 $ 64,564 $ 23,293 E-50 COUNTY,MONROE FLORIDA STATEMENT F REVENUES, EXPENDITURES CHANGES IN FUND BALANCE ® BUDGET AND ACTUAL DUCK KEY SECURITY DISTRICT E I L REVENUE FOR THE FISCALYEAR ENDED SEPTEMBER4 Variance Favorable u q� Actual ( nfavora Ie) Revenues: Interest 1,000 1,497 497 iscellaneous 64,000 65,879- 1,379 Total Revenues 65,000 67,376 2,376 Expenditures: Current: General Government: Commissions and Fees 2 500 1,926 574 Public Safety: Island Security 5 ,3 54,92B 4,372 Total Expenditures 61,800 56,854 4,946 Excess of RevenuesOver/ (Under) Expenditures 3,200 10,522 7,322 Other FinancingSources/(Uses): Reserve for Contingencies (5,000) -- 5,000 Excess of Revenues,and Other SourcesOver/ (Under) Expenditures and Other Uses (1,800) 10,522 12,322 Fund Balance, October 1 193 21,688 21,688 — Fund Balance, September 30, 1994 19,3 32, 10 12,322 E-51 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN.FUND BALANCE — BUDGET AND ACTUAL LOCAL HOUSING ASSISTANCE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 250,000 $ 248,829 $ (1,171) Interest 10,000 7,319- (2,681) Total Revenues 260,000 256,148 (3,852 Expenditures: Current: Economic Environment: S.H.I.P. Program 517,054 335,649 181,405 Excess of Revenues Over/(Under) Expenditures `- Budgetary Basis (257,054) (79,501) 177,553 Adjustment for Mortgage Receivables -- (263,023) (263,023) Adjustment for Mortgage Loans Made -- 263,023 263,023 Total Adjustments —— —— —— Excess of Revenues Over/(Under) Expenditures — GAAP Basis (257,054) (79,501) 177,553' Fund Balance, October 1, 1993 279,034 279,034 -- Fund Balance, September 30, 1994 $ 21,980 $ 199,533 $ 177,553 E—52 COUNTY,MONROE FLORIDA STATEMENT , EXPENDITURES CHANGES I T AND ACTUAL ' UPPER KEYS HEALTHSPECIAL TAXING I T ICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable Budqet —Actual ( navora Ie) Revenues: Taxes 617,224 $ 597,576 (19,64,S) Charges for Services -- 8,471 8,471 Interest 90,000 162,46972,4 Miscellaneous —— 24,46524,4 Total Revenues 707,224 792, 81 85,757 Expenditures: Current: General Government: Commissions and Fees 44,200 43,257 943 Human Services: Trauma Care Administration 170,410 142,515 27,895 Transportation andTreatment, 2,661,637 413,525 2,248,112 Pre—Transportation Hospital & Physical Care 245,900 26,112 219,788 Upgrading Facilities&StaffServices 846,400 .253,041 , 593,359 Total Human Services 3,924,347 835,193 3,089,154 Total Expenditures 3,968,547 878,450 3,0 0,097 Excess of Revenues Over/ (Under) Expenditures (3,261,323) (85,469) 3,175,854 Other Financing Sources/(Uses): Reserve for Contingencies (101,213) —— 101,213 Transfers to Other Funds ( ;8 ) ( ,80 ) — Total Other Financing Sources/(Uses) (104,013) (2,800) 101,213' Excess of Revenues and Other SourcesOver/ (Under) Expenditures and Other Uses (3,365,33 ) (88,269) 3,277,067 Fund Balance, October 1, 1993 4,165,591 4,16 ,591 -- Prior Period Adjustment -- (2,543) (2,543) Fund Balance, September 30, 1 800, 4,074,779 ,274 524 E-53 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Bud et Actual unfavorable) Revenues: Intergovernmental $ 1,339,500 $ 1,672,040 $ 332,540 Interest 100,000 216,624 116,624 Miscellaneous 512,500 691,161 178,661 Total Revenues 1,952,000 2,579,825 627,825 Expenditures: Current: General Government: Administrative 396,945 316,193 80,752 Land and Land Rights Acquisition 2,325,000 255,312 2,069,688 Grants and Aid 2,863,030 908,506 1,954,524 Other - Cost of Land Sold 10,672 (10,672} Total Expenditures 5,584,975 1,490,683 4,094,292 Excess of Revenues Over/(Under) Expenditures — Budgetary Basis (3,632,975) 1,089,142 4,722,117 Adjustment to Report Expenditures for Land as an Asset 2,325,000 247,112 (2,077,888) Adjustment to Report Mortgage Repayments as a Reduction in Assets (512,500) (512,500) -- Total Adjustments 1,812,500 (265,388) (2,077,888} Excess of Revenues Over/(Under) Expenditures GAAP Basis (1,820,475) 823,754 2,644,229 Fund Balance, October 1, 1993 14,427,443 14,427,443 -- Fund Balance, September30, 1994 $ 12,606,968 $ 15,251,197 $ 2,644,229 E—54 DEBT SERVICE 1993 REFUNDING IMPROVEMENT BONDS-1983 To account for accumulation of resources for and payment of interest and principal on the long—term debt incurred in the refunding of the 1983 RefundingImprovement Bonds. 1993 F L IMPROVEMENT BONDS-1988 To account for accumulation of resources for and payment of interest and principal on the long—term debt incurred in the refunding of the 1988 A& B Improvement Bonds. 1991 SALES To account for accumulation of resources for and payment of interest and principal on the long—term debt incurred in the building of the new Monroe County Detention Facility. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS SEPTEMBER 30, 1994 1993 ' 1993 1991 Refunding Refunding Sales Tax Improvement Improvement Revenue Bonds-1983 Bonds-1988 Bonds Total ASSETS Assets: Restricted Assets: Cash and Cash Equivalents $ 237,447 $ 433,339 $ 2,600,062 $ 3,270,848 Investments at Cost or Amortized Cost 23,431 -- 4,834,310 4,857,741, Total Assets $ 260,878 $ 433,339 $ 7,434,372 $ 8,128,589 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ -- $ — $ 2,958 $ 2,958 Fund Equity: Reserved for Debt Service 260,878 433,339 7,431,414 8,125,631 Total Liabilities and Fund Equity $ 260,878 $ 433,339 $ 7,434,372 $ 8128,589 F-1 COUNTY,MONROE FLORIDA COMBINING T T E T OF REVENUES, EXPENDITURES CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER3 , 19 4 93 1993 1991 Refunding Refunding Sales Tax Improvement Improvement Revenue finds-19 3 on s-1 . Bonds Total Revenues: Intergovernmental 223,250 856,482 — 1,079,732 Interest 9,545 8,920 302,222 320,687 Tot ( Revenues 232,795 865,402 302; 2 1, 00, 19 Expenditures: Debt Service 209,795 519,213 3,793,831 4,522,839 Excess of Revenues Over/ (Under) Expenditures 23,000 346,189 (3,491,609) (3,122,420) Cher Financing Sources/(Uses): Transfers from Other Funds` ---- —= 4,881,615 4,881,615 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses 23,000 346,1.89 1,390,006 1,759,195 Fund Balance, October 1, 1993 237,878 72,644 6,041,408 6,351,930 Residual Equity Transfer -- 14,506 14,506 Fund Balance, September 30, 1994 260,878 ffi 433,339 7,431,414 8,125 631 F-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1993 Refunding Improvement Bonds - 1983 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 200,125 $ 223,250 $ 23,125 Interest 7,000 9,545 2,545 Total Revenues 207,125 232,795 25,670 Expenditures: Debt Service: Principal Retirement 165,000 165,000 -- Interest 44,370 44,370 -- Fiscal Charges 94,603 425 94,178 Total Expenditures 303,973 209,795 94,178 Excess of Revenues Over/ (Under) Expenditures (96,848) 23,000 119,848 Other Financing Sources/(Uses): Reserve for Contingencies (43,424) -- 43,424 Transfers from Other Funds -- -- -- Total Other Financing Sources/(Uses) (43,424) -- 43,424 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (140,272) 23,000 163,272 Fund Balance, October 1, 1993 237,878 237,878 -- Residual Equity Transfer -- -- -- Fund Balance, September 30, 1994 $ 97606 $ 260,878 $ 163,272 F-3 1993. Refunding Improvement Bonds 1988 1991 Sales Tax Revenue Bonds Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 600,000 $ 856,482 $ 256,482 $ $ -- $ -- 6,000 8,920 2,920 200,000 302,222 102,222 606,000 865,402 259,402 200,000 302,222 102,222 170,000 170,000 -- 2,665,000 2,665,000 - 350,000 347,458 2,542 2,218,248 1,109,120 1,109,128 5,000 1,755 3,245 336,162 19,711 316,451 525,000 519,213 5,787 5,219,410 _3,793,831 1,425,579 81,000 346,189 265,189 (5,019,410) (3,491,609) 1,527,801 (64,814) -- 64,814 (2,236,888) -- 2,236,888 -- -- 4,900,000 4,881,61.5 08,385) (64,814) -- 64,814 2,663,112 4,881,615 2,218,503 16,186 346,189 330,003 (2,356,298) 1,390,006 3,746,304 72,644 72,644 -- 6,041,408 6,041,,408 -- - 14,506 14,506 -- -- -- $ 88,830 $ -433,339 $ 344,509 $ 3,685,110 $ 7,431,414 $ 3,746,304, F-4 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES — BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Total Variance Favorable Budget Actual (Unfavorable} Revenues: Intergovernmental $ 800,125 $ 1,079,732 $ 279,607 Interest 213,000 320,687 107,687 Total Revenues 1,013,125 1,400,419 387,294 Expenditures: Debt Service: Principal Retirement 3,000,000 3,000,000 Interest 2,612,618 1,500,948 1,111,670 Fiscal Charges 435,765 21,891 413,874 Total Expenditures 6,048,383 4,522,839 _1,525,544 Excess of Revenues Over/ (Under) Expenditures (5,035,258) (3,122,420) 1,912,838 Other Financing Sources/(Uses): Reserve for Contingencies (2,345,126) -- 2,345,126 Transfers from Other Funds 4,900,000 4,881,615 (18,385) Total Other Financing Sources/(Uses) 2,554,874 4,881,615 2,326,741 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (2,480,384) 1,759,195 4,239,579 Fund Balance, October 1, 1993 6,351,930 6,351.,930 -- Residual Equity Transfer -- 14,506 14,506 Fund Balance, September30, 1994 $ 3,871,546 $ 8,125,631 $ 4,254,085 F-5 PROJECTCAPITAL COMPREHENSIVE IMPROVEMENTS To account for all major capital projects of Monroe County, REVENUEIT L IMPROVEMENTS To account for capital improvements allocated from the Revenue Bonds. ONE T INFRASTRUCTURE SURTAX To account for capital improvements allocated from the One Cent Infrastructure Tax. SALESTAX BOND CAPITAL IMPROVEMENTS -to account for capital improvements allocated from the Sales Tax Bond. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL CAPITAL PROJECT FUNDS SEPTEMBER 30, 1994 Revenue Bond One Cent Comprehensive Capital Infrastructure Improvements Improvements Surtax ASSETS Cash and Cash Equivalents $ 130,721 $ -- $ 4,678,175 Investments at Cost or . Amortized Cost -- — 8,202,895 Accounts Receivable -- -- 10,000 Due from Other Funds -- -- 491,360 Due from Other Governmental Units -- -- 1,485,588 Interest Receivable -- - 107,978 Total Assets $ 130,721 $ -- $ 14,975,996 LIABILITIES,AND FUND EQUITY Liabilities: Accounts Payable $ 11,110 $ -- $ 1,074,729 Accrued Wages and Benefits Payable —— -— 5,409 Due to Other Funds -- -- 159,436 Deferred Revenues -- -- 1,984,377 Total Liabilities 11,110 -- 3,223,951 Fund Equity:, Fund Balances: Reserved for Encumbrances -- -- 28,438 Unreserved 119,611 -- 11,723,607 Total Fund Equity 119,611 - 11,752,045 Total Liabilities and Fund Equity $ 130,721 $ -- $ 14,975,996 G-1 Sales T Bond Capital I pry rat Total 452,501 5,261,397 2,349,606 10,55 ,501 10,000 491,360 1,485,588 —— 107,978 2,802_107_ 17,908 824 1,377,727 2,463, 6 _® 5,409 17,168 176,604 —— 1,984,377 1,394, 95 4,629,956 28,438 1,497,212 13,E ,430 1,407,212 13,278,868 2,802;107 17,9 ,824 G-2 MONROE COUNTY, FLORIDA COMBINING ST TE T OF REVENUES, AND CHANGES IN FUND BALANCES ALL IT L PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPT EMBER , 1 Revenue Bond One Cent Comprehensive a ital Infrastructure Improvements I prove ants Surtax Revenues: Taxes $ —— —- $ 9,953,100 Intergovernmental —— —— 176,472 Interest 13,107 5,017 484,519 Miscellaneous — -- 11,842 Total Revenues 13,107 5,017 10,625,933 Expenditures: Capital Outlay: General Government -- -- 2,227,583 Public Safety 238,150 85,228 2,455,135 Physical Environment 34,713 -- Culture and Recreation _-- -- 784,186 Total Expenditures 272,863 85,228 5,466,904 Excess of Revenues Over/ (Under) Expenditures (2 9,756) (80,211) 5,159,029 Other Financing Sources/(Uses): Transfers to Other Funds -- -- (6,690,718 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (259,756) (80,211) (1,531,689) Fund Balance, October 1, 1993 379,367 94,717 13,2 ,73 Residual Equity Transfer -- (14, ) -- Fund Balance, September 30, 1994 $ 11 ,611 $ — $ 11,752,045 G-3 Sales Tax Bond Capital Improvements Total 9,953,100 —— 176,472 234,914 737,557. 6,548 18,390 241,462 10,885,519 —— 2,227,583 3,382,022 6,160,535 —— 34,713 -- 'Z84,186 3,382,022 9,207,017 3,149,560 1,678,502 —— (6,690,718) (3,140,560) (5,012,216) 4,547,772 18,305,590 —— (14,506) $ 1,407,212 ,$ 13,278,868 G-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL — ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Capital Projects, Comprehensive Improvements Variance Favorable _ Budget Actual (Unfavorable) Revenues: Taxes $ —- $ —— $ —— Intergovernmental -- -- Interest 10,000 13,107 3,107 Miscellaneous — -- Total Revenues 10,000 13,107 3,107 Expenditures: Capital Outlay: General Government: General Governmental Facilities —— — —— Miscellaneous Governmental Facilities -- - -- Other Governmental Facilities —— —— —— Additional Governmental Facilities -- -- - Public Safety: Fire Control Facilities —— —— —— Detention/Correction Facilities -- -- -- Ambulance and Rescue Facilities -- -- Ambulance and Rescue Vehicles 90,000 -- 90,000 Fire Control Vehicles 239,150 238,150 1,000 Physical Environment: Sewer Structures ' 34,713 34,713 —— Culture and Recreation: Parks and Recreational Facilities —— —— —— Additional Parks and Recreational Facilities -- -- -- Library Facilities -- -- -- Total Expenditures 363,863 _ 272,863 91,000 Excess of Revenues Over/(Under) Expenditures (353,863), (259,756) 94,107 Other Financing Sources/(Uses): Reserve for Contingencies (6,329) — 6,329 Transfers to Other Funds -- -- -- Total Other Financing Sources/(Uses) (6,329) -- 6,329 " Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (360,192) (259,756) 100,436 Fund Balance, October 1, 1993 379,367 379,367 -- Residual Equity Transfer -- -- -- Fund Balance, September30, 1994 $ 19,175 $ _ 119,611 $ _ 100,436 G-5 Capital Projects, Capital,Projects, Revenue Bond Capital Improvements One Cent Infrastructure Surtax Variance Variance Favorable Favorable Bud et Actual (Unfavorable) Budget Actual (Unfavorable) 7,775,000 $ 9,953,100 $ 2,178,100 -- -- -- 2,160,849 176,472 (1,984,377) 4,000 5,017 1,017 340,000 484,519 144,519 -- -- -- 75,000 11,842 (63,158) 4,000 5,017 1,017 10,350,849 10,625,933 275,084 -- - -- 870,930 668,477 202,453 -- -- -- 740,000 99,485 640,515 -- -- -- 1,505,000 1,409,392 95,608 -= - -- 82,465 50,229 32,236 -- -- -- 1,811,100 1,270,968 540,132 1,184,167 615,833 10,000 728 9,272 22,000 -- 22,000 84,500 84,500 -- -- -- -- -- -- - 6,754,722 775,456 5,979,266 - -- -- 12,000 - 12,000 -- -- -- 130,000 8,730 121,270 94,500 85,228 9,272 13,728,217 5,466,904 . 8,261,313 (90,500) (80,211) 101289 (3,377,368) 5,159,029 8,536 397 (3,657) -- 3,657 (1,082,092) 1,082,092 -- -- -- (7,660,814) 6,690,718 970,096 (3,657) - 3,657 (8,742,906) (6,690,718) 2,052,188 (94,157) (80,211) 13,946 (12,120,274) (1,531,689) 10,588,585 94,7-17 94,717 13,283,734 13,283,734 -- _ (14,506} 14,506� -- -- - $ 560-$ -- $ (560)$ 1,163,460 $ 11.752,045 $ 10588,585 G-6 (Continued) MONROE COUNTY, FLORIDA COMBINING T T E T OF REVENUES, EXPENDITURESCHANGES IN FUND BALANCES BUDGETC L -ALL CAPITAL JE T F — CONTINUED FOR THE FI L YEAR ENDED SEPTEMBER , 1 Capital Projects, _ Sales Tax Bondapital 1 prove ants Variance Favorable Budget Actual ( naorable} Revenues: Taxes $ __ $ -- — Intergovernmental —— —— — Interest 73,000 23 ,914 161,914 Miscellaneous -- 6,548 6,548 Total Revenues 73,000 241,462 168,462, Expenditures: Capital Outlay: General Government: General Governmental Facilities -- -- -- Miscellaneous Governmental Facilities -- - Other Governmental Facilities -- -- -- Additional Governmental Facilities -- —® Public Safety: Fire Control Facilities -- -- -- Detention/Correction Facilities 4,391,272 3,382,022 1,009,250 Ambulance and Rescue Facilities -- -- Ambulance and Rescue Vehicles — - -- Fire Control Vehicles — -- -- Physical Environment: Sewer Structures -- -- -- Culture andRecreation: Parks and Recreational Facilities -- -- - Additional Parks and Recreational Facilities -- -- -- Library Facilities -- -- -- Total Expenditures 4,391,272 3,382,022 1,009,250 Excess of Revenues Over/(Under) Expenditures (4,31 ,272) ( ,140,560) 1,177,712 Other Financing Sources/(Uses): Reserve for Contingencies (225,000) -- 225,000 Transfers to Other Funds -- -- -- Total Other Financing Sources/(Uses) (225,000) -- 225,000 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses ( ,54 ,272) (3,1 0,560) 1,402,712 Fund Balance, October 1, 13 4,547,772 4,547,772 -- Residual Equity Transfer -- -- -- Fund Balance, September 30, 1994 $ 4,500 1,407,212 $ 1,402,712 G-7 Total Variance Favorable Budget Actual (ltara�ie) 7,775,000 9,953,100 2,178,100 2,160,849 176,472 (1,984,377) 427,000 737,557 310,557 75,000 18,3 (561610) 10,437,89 10,8 ,519 447,670 870,930 668,477 202,453 740,000 99,485 640,515 1,505,000 1,409, 92 95,608 82,465 50,229 32,236 1,811,100 1,270,968 540,12 6,191,272 4,566,189 1,625,083 32,000 728 31,272 90,000 90,000 323,650 322,650 1,000 34,713 34,713 -- 6,754,722 775,456 5,979,266 12,0 —— 12,000 130,000 8,730 121 0 18,577,852 9,207,017 9,370,835 (8,140,003) 1,678,502 9,818,505 . (1,317,078) -- 1,317,078 (7,6 0,814) (6,690,718) 970,096 (8,977,892) (6,690,718) 2,287,174- (17,117,895) (5,012,216) 12,105,679 18,305,590 18,305,590 -- �— —14,5 (14,5061 1,187,695 13,278,868 12,091,173 G-8 THIS PAGE INTENTIONALLY LEFT BLANK ENTERPRISEFUNDS MUNICIPAL VI ! T I T WASTE To account for the operations of Monroe County's Solid Waste Cervices. SOUNDCARD To account for the operations of Monroe County's Card Sound Toll Bridge. AIRPORTMARATHON To account for the operations of Monroe County's Marathon Airport. KEY T AIRPORT To account for the operations of Monroe County's Key West International Airport. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL ENTERPRISE FUNDS SEPTEMBER 30, 1994 Municipal Svc Card District Sound Marathon Waste Bridge Airport ASSETS Current Assets: Cash and Cash Equivalents $ 5,709,531 $ 2,775,353 $ 560,951 Cash with Fiscal Agent -- 8,015 -- Investments at Cost or Amortized Cost 5,094,184 437,620 -- Accounts Receivable: Delinquent Waste Collection Fees 1,115,851 -- -- Allowance for Uncollectible Waste Collection Fees (1,008,062) -- Other, 488,328 25 6,705 Allowance for Other Uncollectible (55;607) -- -- Due from Other Funds -— -- Due from Other Governmental Units 219,288 230,693 1,037,093 Interest Receivable 67,057 5,761 -- Total Current Assets 11,630,570 3,457,467 1,604,749 Restricted Assets: Cash and Cash Equivalents 596,384 -- 120,236 Investments at Cost or Amortized Cost 1,669,084 —— —— Total Restricted Assets 2,265,468 -- 120,236 Property, Plant and Equipment (Net of Accumulated Depreciation) 10,175,483 4,618,714 4,844,964 Other Assets: Deferred Charges (Net) 285,600 —— —— Total Assets $ 24,357,121 $ 8,076,181 $ 6,569,949 H-1 Key West Airport Total 675,017 $ 9,720,852 -- 8,015 —— 5,531,804 — 1,115,851 —— (1,008,062) 75,183 570,241 189,294 189,294 175,407 1,662,481 —— 72,818 1,114,901 17,807,687 911,757 1,628,377 —— 1,669,084 911,757 3,297,461 1,252,207 20,891,368 —— 285,600 3 3, 78,865 42,282,116 H-2 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET — CONTINUED ALL ENTERPRISE FUNDS SEPTEMBER 30, 1994 Municipal Svc Card District Sound Marathon Waste Bridge Airport LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 2,286,336 $ 325,319 $ 1,115,086 Accrued Wages and Benefits Payable 65,459 14,275 4,492 Accrued Compensated Absences 19,584 6,498 —— Claims and Judgements Payable 260,969 -- -- Due to Other Funds 6,957 210 508,796 Due to Other Governmental Units -- 845 — Matured Bonds Payable -- 5,000 -- Matured Interest Payable -- 19 -- Matured Premium Payable -- 2,996 -- Deposits in Escrow 40,102 -- 17,377 Deferred Revenues -- -- 25,358 Capital Leases Payable 129,927 -- -- Total Current Liabilities 2,809,334 355,162 1,671,109 Current Liabilities Payable from Restricted Assets: Accrued Interest Payable 295,459 -- -- Revenue Bonds Payable 300,000 -- -- Landfill Closure Costs 668,212 -- -- Total Current Liabilities Payable from Restricted Assets 1,263,671 -- -- Long—Term Liabilities: Accrued Compensated Absences 144,923 14,435 10,904 Capital Leases Payable 2,083,524, -- -- Revenue Bonds Payable 8,805,000 -- -- Due to Other Governmental Units 444,639 -- -- Total Long-Term Liabilities 11,478,086 14,435 10,904 Total Liabilities 15,551,091 369,597 1,682,013 Fund Equity: Contributed Capital 2,813,849 2,474,443 3,429,092 Retained Earnings: Reserved for Revenue Bond Retirement 1,970,009 -- -- Unreserved 4,022,172 5,232,141 1,458,844 Total Retained Earnings 5,992,181 5,232,141 1,458,844 Total Fund Equity 8,806,030 7,706,584 4,887,936 Total Liabilities and Fund Equity $ 24,357,121 $ 8,076,181 $ 6,569,949 H-3 y West i r 'Total 149,652 3,876,393 19,841 104,067 10,385 36, 67 —-- 260,969 6,713 522,676 — 845 —— 5,000 19 —— 2,996 30, 05 87,984 —— 25,358 —— 12 , 27 - 217,096 5,052,701 -- 295,459 —— 300,000 —— 68,212 ®— 1,263,671 74,918 245,180 —— 2,083,524 8,805,000 —— 444,639 74,918 11, 78,343 22,014 17,8 ,715 1,368,390 10,0 ,774 1,970,009 1,618,461 12,331,618 1,618,461 14,301,627 2,986,851 24,387,401 3,278,865 42,282,116 H-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Municipal Svc Card District Sound Marathon Waste Bridge Airport Operating Revenues: Tolls $ $ 1,116,343 $ -- Charges for Services 11,245,866 150 449,341 Franchise Fees 3,144,563 -- -- Fines and Forfeitures -- Miscellaneous 326,929 112,772 3,474 Total Operating Revenues 14,717,358 1,229,265 452,815 Operating Expenses: Personal Services 1,235,773 426,879 120,349 Operations 10,232,225 97,089 4,425,207 Landfill Post Closure 205,500 -- -- Depreciation and Amortization 1,166,410 72,646 7,050 Total Operating Expenses 12,839,908 596,614 4,552,606 Operating Income (Loss) 1,877,450 632,651 {4,099,791) Non—Operating Revenues (Expenses): Operating Grants 302,969 -- 3,335,251 Interest Income 598,855 122,385 5,985 Interest Expenses and Fiscal Charges (739,433) (128,637) -- Loss on Disposition of Assets (130,072) (25,432) (8,76g Total Non—Operating Revenues(Expenses) 32,319 —(26,684} 3,332,473 Income (Loss) Before Operating Transfers 1,909,769 605,967 (767,318} Operating Transfers: Transfers from Other Funds 4,744,004 254,416 1,213,696 Transfers to Other Funds (4,383,690) (287,674) (46,365) Total Operating Transfers 360,314 (33,258) 1,167,331 Net Income Before Extraordinary Item 2,270,083 572,709 400,013 Extraordinary Loss on Bond Defeasance -- (281,760) -- H-5 Key West Airport Total $ —— $ 1,116,343 1,914,283 13,609,640 —— 3,144,563 2,331 2,331 10,947 454,122 1,927,561 18,326,999 615,830 2,398,831 544,417 15,298,938 —— 205,500 44,842 1,290,948 1,205,089 19,194,217 722,472 (867,218) 141,214 3,779,434' 34,640 761,865 —— (863,070) (6,178} (170,445) 169,676 3,507,784 892,148 2,640,566 152,906 6,365,022 (67;265 (4,784,994) 85,641 1,580,028 977,789 4,220,594 —— (281,760) H-6 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY — CONTINUED ALL ENTERPRISE FUNDS FOR'THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Municipal Svc Card District Sound Marathon Waste Bridge Airport Net Income 2,270,083 290,949 400,013 Fund Equity — October 1, 1993 6,557,018 9,996,870 2,802,430 Prior Period Adjustment (29,271) (2,916) (2,398) Residual Equity Transfer — (3,300,000) -- Contributed Capital 8,200 721,681 1,687,891 Fund Equity— September 30, 1994 $ 8,806,030 $ 7,706,584 $ 4,887,936 H-7 Key West Airport Total 977,789 3,938,834 1,824,941 21,181,259 (15,132) (49,717)' - (3,300,000) 199,253 2,617,025 $ 2,986 851 $ 24,387,401 H-8 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Municipal Svc Card District Sound Marathon Waste Bridge Airport Cash flows from operating activities: Cash received for services $ 14,187,653 $ 1,174,154 $ 645,518 Cash payments to suppliers for goods and services (12,499,925) 105,525 (3,498,747) Cash payments to employees for services (1,203,940) (417,157) (120,550) Other operating revenue 326,929 112,772 3,474 Net cash provided (used) by operating activities 810,717 975,294 (2,970,305) Cash flows from noncapital financing activities:. Operating grants received 280,107 -- 2,906,645 Operating transfers from other funds 4,744,004 254,416 1,213,696 Operating transfers to other funds (4,383,690) (287,674) (46,365) Net cash provided (used) by noncapital financing activities 640,421 (33,258) 4,073,976 Cash flows from capital and related financing activities: Proceeds from capital grants -- 71,1,800 1,614,142 Acquisition and construction of capital assets (180,544) (3,376,025) (2,456,007) 'Principal paid on capital debt (1,092,010) (155,000) -- Interest paid on capital debt (747,302) (120,534) -- Defeasance of bonds —— (4,565,271) —— Residual equity transfer -- (3,300,000)Net cash used by capital and related financing activities (2,019,856) (10,805,030) (841,865) Cash flows from investing activities: Purchase of investment securities (29,378,563) (7,764,940) -- Proceeds from sale and maturities of investment securities 29,286,367 18,194,863 -- Interest on investments 569,010 327,992 5,985 Net cash provided by investing activities 476,814 10,757,915 5,985 Net increase (decrease) in cash and cash equivalents (91,904) 894,921 267,791 Cash and cash equivalents at beginning of year 6,397,819 1,888,447 413,396 Cash and cash equivalents at end of year $ 6,305,915 $ 2,783,368 $ 681,187 H-9 Key West Air n Total $ 1,775,382 $ 17,782,707 (552,179) (16,445,326) (601,439) (2,343,086) 13,278 456,453 635,042 (5!j%252) 137,434, 3,324,186 152,906 6,365,022 (67,265) {4;784,994) 223,075 4,904,214 59,019 2,384,961 (110,281) (6,122,857) —— (1,247,010) —— (867,836) —— (4,565,271) —— (3,300,000) (51,262) (13,718,013) —— (87,143,503) —— 47,481,230 34,640 937,627 34,640 11,275,354 841,495 1,912,303 745,279 9,444,941 $ 1 586 774 $ 11 357 244 H-10 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Municipal Svc Card District Sound Marathon Waste Bridge Airport. Operating income (loss) $ 1,877,450 $ 632,651 $ (4,099,791} Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation and amortization 1,166,410 72,646 7,050 Abandoned construction project -- -- -- Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable (110,115) (1) 4,304 Due from other funds 1,105 234 187,802 Due from other governmental units (83,817) 57,194 —— (Decrease)/Increase in: Accounts payable 1,701,341 323,441 441,563 Accrued wages 12,248 3,224 767 Compensated absences 19,585 6,498 (968) Asserted and paid claims (6,009) —- —— Due to other funds (62,934) (120,827) 484,897 Due to other governmental units - 459 -- Deposits in escrow (9,949) (225) 4,071 Landfill closure costs (3,694,598) -- -- Total adjustments (1,066,733) 342,643 1,129,486 Net cash provided (used) by operating activities $ 810,717 $ 975 294 $ (2,970,305) SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING, CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ 8,200 $ 9,881 $ 73,749 Loss on disposition of fixed assets $ 130,072 $ 25,432 $ 8,763 Capital lease purchases $ _2,335,830 $ -- $ -- H-11 Key West Airport Total $ 722,472 $ (87, 18) 44,842 1,290,948 10,586 10,586 21,6 (84,114) (173,099) 16,042 (26,623) 19,472 2,485,817 4,006 20,245 10,385 35,500 -- (6,009) (37,820) 263,316 _- 459 12,500 6, 97 —— (3; 94,598} (87,430) 317,966 $ 635,042 $ (549,252 $ 140,234 $ 232,064 $ 6,178 $ 170,445 $ -- $ 2,335,830 H-12 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL MUNICIPAL SERVICES DISTRICT WASTE FOR THE YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 748,116 $ 715,605 $ 32,511 Hazardous Waste 337,256 322403 14,853 Franchise Operators 3,959,228 3,944,374 14,854 Indirect Costs 37,814 -- 37,814 Cudjoe Key Transfer Station 1,712,289 1,374,841 337,448 Cudjoe,Key Landfill 220,326 201,761 18,565 Cudjoe Key Landfill Closure 1,157,992 1,060,213 97,779 Cudjoe Key Post Closure 85,000 68,500 16,500 Long Key Transfer Station 2,239,711 1,690,206 549,505 Long Key Landfill 239,496 227,702 11,794 Long Key Landfill Closure 2,238,738 2,174,565 64,173 Long Key Post Closure 90,000 68,500 21,500 Key Largo Transfer Station 2,919,377 1,808,209 1,111,168 Key Largo Landfill 250,709 195,017 55,692 Key Largo Landfill Closure 1,124,446 621,180 503,266 Key Largo Post Closure 85,000 68,500 16,500 Pollution Control 276,262 33,542 242,720 Recycling 766,745 751,528 15,217 Total Operating Expenditures 18,488,505 15,326,646 3,161,859 Non-Operating Expenditures: Operating Grants: Recycling Grant 73,834 66,641 7,193 DER Recycling Grant 132,439 132,439 -- Mosquito Control Fire Abatement Grant 10,687 8,769 1,918 Litter Grant 3,288 3,288 Litter& Marine Debris Prevention Grant 9,582 9,582 -- Debt Service: Principal_Retirement 1,094,120 1,094,120 -- Interest Expenses and Fiscal Charges 753,580 739,434 14,146 Capital Outlay 1,654,880 226,943 1,427,937 Loss on Disposition of Assets 300,000 130,072 169,928 Total Non-Operating Expenditures 4,032,410 2,408,000 1,624,410 Operating Transfers and Reserves: Reserve for Contingencies 200,702 -- 200,702 Transfers to Other Funds 4,397,851 4,383,690 14,161 Total Operating Transfers and Reserves 4,598,553 4,383,690 214,863 Total Expenditures $ 27,119,468 $ 22,118,336 $ 5,001,132 H-13 MONROE COUNTY, FLORIDA, SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL CARD SOUND BRIDGE - FOR THE YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budqet Actual (Unfavorable) Operating Expenditures: Card Sound Road&Toll Bridge 404,395 4100,506 $ 3,889 County Engineer 132,178 123,461 8,717 Total Operating Expenditures 536,573 523,967 12,606 Non—Operating Expenditures: Debt Service: Principal Retirement 4,585,000 4,585,000 — Interest Expenses and Fiscal Charges 234,715 12 7 111,078 Capital Outlay 3,431,126 3,376,025 55,f 0i Loss on Disposition of Assets 25,704 25,432 272 Total Non—Operating Expenditures 8,276,545 8,110,094 166,451 Operating Transfers and Reserves: Reserve for Contingencies 2,187 — 2,187 Transfers to Other Funds 4,315,973 3,587,674 728,299 Total Operating Transfers and Reserves 4,318,160 3, 87,674 730,486 Extraordinary Loss on Bond Defeasance 380,021 281,760 98, 61 Total Expenditures $ 13,511,299 12,5 4495 1007,804 H-14 MONROE COUNTY,FLORIDA SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL MARATHON AIRPORT FOR THE YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Operation & Maintenance $ 279,471 $ 238,242 $ 41,229 Airport Planning Studies 90,000 25,067 64,933 Total Operating Expenditures 369,471 263,309 106,162 Non—Operating Expenditures: Capital Outlay 8,104,951 6,738,255 11366,696 Loss on Disposition of Assets 10,000 8,763 1,237 Total Non—Operating Expenditures 8,114,951 6,747,018 1,367,933 Operating Transfers and Reserves: Reserve for Contingencies 26,440 -- 26,440 Transfers to Other Funds 46,365 46,365 -- Total Operating Transfers and Reserves 72,805 46,365 26,440 Total Expenditures $ 8,557,227 $ 7,056,692 $ 1,500,535 H-15 MONROE COUNTY, FLORIDA SCHEDULE F EXPENDITURES — BUDGET AND ACTUAL KEYWESTAIRPORT FOR THE YEAR ENDED SEPTEMBER , 1 Variance Favorable Budgetctual (lln vora 1e) Operating Expenditures: Operation & Maintenance 995,039 982,620 12,419 .Airport Planning Studies 90000 61,4419 28,551 Total Operating Expenditures 1,085,039 1,044,069 40,970 Non—Operating Expenditures: Capital Outlay 4,069,570 215,872 3,853,698 Loss on Disposition of Assets 9,000 6,178 2, 22 Total on--Operating Expenditures 4,078,570 222,050 3,856,520 Operating Transfers andReserves: Reserve for Contingencies 38,52B 38,528 Transfers to Other Funds 67,265 67,265 Total Operating Transfers and Reserves 105,793 67,265 38,5 Total Expenditures 5,269,402 - 1, 33, 84 3,936,018 H-16 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1991 DESCRIPTION SEPTEMBER 30, 1994 Refunding Bonds Series 1991 Original authorization $11,000,000 Unissued 1,430,000 Issued 9,570,000 Retirements through September 30, 1994 465,000 Balance outstanding September 30, 1994 $9,105,000 Date of issue April 1, 1991 Maturity range 1992-2011 Principal payment date October 1 Interest payment dates April — October Denominations $5,000 Interest rates: 5.20%Maturities 1992 6.15%Maturities 1999 5.40%Maturities 1993 6.30%Maturities 2000 5.60% Maturities 1994 6.40%Maturities 2001 5.70%Maturities 1995 6.50%Maturities 2002 5.80%Maturities 1996 6.60%Maturities 2003 5.90%Maturities 1997 6.75%Maturities 2011 6.00%Maturities 1998 Average interest cost rate 6.44% Call feature 1999 102 2000 101 2001-2011 100 Paying agent Citizens and Southern Trust Co.,N.A. Ft. Lauderdale, Florida H-17 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1991 REQUIREMENTSDEBT T I SEPTEMBER 30, 1994 $9,5709000 Refunding Improvement Bonds-Series 1991 Bond Year Ending ri in l Total October 1 Principal Interest t Service 191 -- 307,834 $ 307,834 1992 180,000 615,668 795,668 1993 285,000 606,307 891,307 1994 300,000 59 ,918 890,918 1995 315,000 574,117 889,117 1996 335,000 556,162 891,162 1997 355,000 536,732 891,732 1998 375,000 515,78 890,788 1999 405,000 493,288 898,288 2000 425,000 468,380 893,380 001 455,000 441,605 896,605 2002 480,000 412,485 892,485 2003 510,000 381,285 891,285 24 540,000 347,625 887,625 2005 580,000 311,175 891,175 2006 615,000 272,025 887,025 2007 650,000 230,512 880,512 2008 690,000 186,638 876,638 2009 735,000 140,062 875,062 2010 640,000 90,450 730,450 2011 700,000 47,250 747,250 9570000 $ 8,126,30 6 17,6 ,306 H-18 THIS PAGE INTENTIONALLY LEFT BLANK INTERNALI WORKER'S COMPENSATION To account for departmental and agency revenues used for the purpose of financing Monroe County's Worker's Compensation Program. GROUIPINSURANCE To account for departmental and agency revenues used far the purpose,of financing Monroe County's Group Insurance Program. RISK MANAGEMENT To account for Monroe County's safety and loss control program, risk management administration and uninsured losses. FLEETT To account for Monroe County's vehicle fleet and maintenance program. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS SEPTEMBER 30, 1994 Worker's Group Risk Compensation Insurance Management Fund Fund Fund ASSETS Current Assets: Cash and Cash Equivalents $ 911,918 $ 633,608 $ 389,739 Investments at Cost or Amortized Cost 621,742 621,743 1,036,237 Accounts Receivable 34,507 288,711 60 Inventory —— —— —— Due from Other Funds -- -- 2,159 Due from Other Governmental Units -- 4,771 -- Interest Receivable 8,184 8,184 13,640 Total Current Assets 1,576,351 1,557,017 1,441,835 Property, Plant and Equipment (Net,Where Applicable, of Accumulated Depreciation) 7,341 1,455 17,353 Total Assets $ 1,583,692 $ 1,558,472 $ 1,459,188 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 35,558 $ -- $ 11,389 Accrued Wages and Benefits Payable 5,071 5,753 4,246 Accrued Compensated Absences 990 . 438 -- Claims&Judgments Payable 250,000 1,446,977 1,209,980 Due to Other Funds 90 824 143 Other Current Liabilities -- 1,697 -- Total Current Liabilities 291,709 1,455,689 1,225,758 Long-Term Liabilities: Accrued Compensated Absences 13,164 14,090 5,837 Total Liabilities 304,873 1,469,779 1,231,595 Fund Equity: Contributed Capital 621 -- -- Retained Earnings, Unreserved 1,278,198 88,693 227,593 Total Fund Equity 1,278,819 88,693, 2271593 Total Liabilities and Fund Equity 1 5583 692 $ 1 558 472 $ 1,459,188 H-19 Fleet Management Fund Total $ 83,374 $ 2,018,639 -- 2,279,722 -- 323,278 18,102 18,102 77,778, 79,937' 1,822 6,593 -- 30,008 181,076 4,756,279 2,156,901 2,183,050 $ _ 2,337,977 $ 6,939,329 $ 17,712 $ 64,659 25,451 40,521 37,143 38,571 2,906,957 103,873 104,930 -- 1,697 184,179 3,157,335 -- 33,091 184,179 3,190,426 2,070,952 2,071,573 82,846 1,677,330 2,153,798 3,748,903- $ 2 337 977 $ 6,939 329 H-20 COUNTY,MONROE FLORIDA STATEMENTCOMBINING F REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL INTERNAL I FUNDS FOR THE FISCAL T i 4 Worker's Group Risk Compensation Insurance Management Fund Fun 'Fun Operating evenues: Charges for Services 60,522 4,786,402 $ 1,236,728 Miscellaneous 155,711 424,303 7,733 Total Operating Revenues 1,11 ,233 5,210,705 1244461 Operating Expenses: Personal Services 145,589 115,616 110,761 Operations 531,363 , 1,17,206 1,022,58 Depreciation 2,64 53 6,17 Asserted and Paid Claims 392,370 5,0 0,281 90,906 Total Operating Expenses 1,071, 6 6,333,556 1,230,444 Operating Income (Lass) 4 ,2 (1,122,851) 14,01 Non—Opercating Revenues: Interest 43,660 30,007 49,416 Income (Loss) Before Operating Transfers 87,897 (1,092,844) 63,433 Operating Transfers: Transfers from Other Funds --Transfers to Other Funds (6,300) (4,900) (41900) Total Operating Transfers (6,300} (4,90) (4;90 } Net Income (Loss) 81,5 (1,097,74 ) 58,533 Fund Equity — October 1, 1993 1,1 ,260 1,189,283 171,090 Prior Period Adjustment (2,65 ) (2,846) (2, 30) Contributed Capital 621 -- -- Fund Equity— September 30, 1994 1,278 819 $ 8 63 $ 227 3 H-21 Fleet Management Tund Total 1,347,714 $ 8,331,366 32,72 620,449 1,380,416 8,951,815 770,070 1,142,036 394,195 3,145,344 199,778 209,102 5,503,57 1,364,043 10, 9039 16,373 (1,048,224) 144 123,227 16,517 (924,997) 91,905 91,905 (25,576) 66,329 50,229 62,6 (874,768) — 2,559,633 —— (7,535) 2,070,952 2,071,573 2,153,798 3 746 903 H-22 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS Worker's Group Risk Compensation Insurance Management Fund Fund Fund Cash flows from operating activities Cash received for services $ 939,390 $ 5,036,198 $ 1,235,173 Cash payments to suppliers for goods and services (926,371) (6,174,479) (1,307,437) Cash payments to employees for services (143,214) (112,855) (114,681) Other operating revenue 155,711 424,303 7,733 Net cash provided(used) by operating activities 25,516 (826,833) (179,212) Cash flows from noncapital financing activities: Operating transfers from other funds — -- -- Operating transfers to other funds (6,300) (4,900) Net cash provided (used) by noncapital financing activities (6,300) (4,900) (4,909) Cash flows from capital and related financing activities: Acquistion of fixed assets (714) -- (2,411) Cash flows from investing activities: Purchase of investment securities (1,560,035) (1,560,035) (2,600,096), Proceeds from sale and maturities of investment securities 1,534,502 1,534,502 2,557,543 Interest on investments 42,919 29,266 48,180 Net cash provided by investing activities 17,386 3,733 5,627 Net increase(decrease) in cash and cash equivalents 35,888 (828,000) (180,896) Cash and cash equivalents at beginning of year 876,030 1,461,608 570,635 Cash and cash equivalents at end of year $ 911,918 $ 633,608 $ 389,739 H-23 Fleet Management Fund Total $ 1,268,114 $ 8,478,875 (271553) (8,679,840) (707,476) (1,078,226) 32,702 620,449 321,787 (658,742) 91,905 91,905 (25,576) (41,676) 66,329 50,229 (304,886} (308,011) —— (5,720,166) —— 5,626,547 144 120,509 144 26,890 83,374 (889,634) —— 2,908,273 $ 83,374 $ 2,018,639 H-24 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS,— CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED(USED) BY OPERATING ACTIVITIES Worker's Group Risk Compensation Insurance Management Fund Fund Fund Operating income (loss) $ 44,237 $ (1,122,851) $ 14,017 Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation 2,674, 453 6,197 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable (30,767) (107,212) 478 Inventory —— —— Due from other funds 9,635 345,600 (2,033) Due from other governmental units —— 11,408 —— (Decrease)/Increase in: Accounts payable 4,072 (78,591) (51,878) Accrued wages 1,385 2,323 292 Compensated absences 990 438 (4,212) Asserted and paid claims -- 195,500 (138,345) Due to other funds (6,710) (68,896) (3,728) Other current liabilities —— (5,005) —— Total adjustments (18,721) 296,018 (193,229) Net cash provided(used) by operating activities $ 25,516 $ _ (826;833� $ (179,212) SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING CAPITAL AND INVESTING ACTIVITIES Contributed fixed assets $ 621 $ —— $ -— Contributed inventory $ — $ —— $ —— H-25 Fleet Management Fund Total 15,373' (1,048,224) 199,778 209,102 (137,501) 1,057 1,057 (77,77 ) 275,424 (1,822) 9,555 17,71 (108,685) 25,451 29,451 37,143 34,359 —— 57,155 103,873 24,539 —— (5,005) 305,414 389,432 321,787 (658,742) 2,051,73 2,02,414 3 19,159 s 19,159 ,, . -25 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL WORKER'S COMPENSATION FUND FOR THE YEAR ENDED SEPTEMBER 30, 1994. Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administrative $ 131,840 $ 123,501 $ 8,339 Operations and Claims 1,273,997 902,800 371,197 Safety& Loss Control 44,153 43,021 1,132 Total Operating Expenditures 1,449,990 1,069,322 380,668 Non-Operating Expenditures: Capital Outlay 925 714 211 Operating Transfers and Reserves: Reserve for Contingencies 692,790 -- 692,790 Transfers to Other Funds 6,300 6,300 -- Total Operating Reserves 699,090 6,300 692,790 Total Expenditures $ 2,150,005 $ 1,076,336 $ 1,073,669 H-27 COUNTY,MONROE FLORIDA EXPENDITURESSCHEDULE OF — BUDGET AND ACTUAL GROUP INSURANCE FUND FOR THE YEAR ENDED SEPTEMBER , 1 Variance Favorable Budget dual ( nfavra l ) Operating Expenditures: Administration 134,947 131,636 3,311 Group Insurance Claims 6,301,874 6,201,466 100,408 Total Operating Expenditures 6,436,821 6,333,102 103,719 Operating Transfers and Reserves: Reserve for Contingencies 1,250,000 -- 1,250,000 Transfers to Other Finds 4,900 4,90 - — Total Operating Reserves 1,254,900 4,900 1,250,000 Total Expenditures 7,691,721 6,338,002 - 1, 53,719 H—28 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL RISK MANAGEMENT FUND FOR THE YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 137,2B8 ,$ 121,711 $ 15,577 Risk Management Claims 1,418,448 1,063,137 355,311 Safety and Loss Control 44,156 39,399 4,757 Total Operating Expenditures 1,599,892 1,224,247 375,645 Non-Operating Expenditures: Capital Outlay 4,025 2,411 1,614 Operating Transfers and Reserves: Reserve for Contingencies 1,355,335 - 1,355,335 Transfers to Other Funds 4,900 4,900 -- Total Operating Reserves 1,360,235 4,900 1,355,335 Total Expenditures $ 2,964,152 $ 1,231,558 $ 1,732,594 H-29 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL FLEET MANAGEMENT FUND FOR THE YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavo'rable) Operating Expenditures: Public Works Garage $ 851,374 $ 887,915 $ (36,541) Operations 276,635 276,350 285 Total Operating Expenditures 1,128,009 1,164,265 (36 256) Non-Operating Expenditures: Capital Outlay 305,860 304,886 .974 Operating Transfers and Reserves: Transfers to Other Funds 25,576 25,576 Total Expenditures $ 1,459,445 $ 1,494,727 $ (35,282} H-30 THIS PAGE INTENTIONALLY LEFT BLANK FIDUCIARYFUNDS INMATE WELFARE o account for funds of the inmates incarcerated in the Monroe County Jail. This fund does not have a legally adopted budget. 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. DRUG ABUSETRUST To account for assessments collected for drug abuse programs and to disburse assistance grants on an annual basis 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. SHARED COUNTY& STATE T To account for the shared county and state program of health care services to low—income persons. 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 system. DEFERRED COMPENSATION L To account for assets held for employees in accordance with the provisions of Internal Revenue Code Section 457. CLERK L AGENCY To account for revenues collected for recording fees,circuit and civil filing fees, criminal and traffic fines, and other miscellaneous fees. SHERIFF GENERAL AGENCY o account for the personal services,operating expenses and capital outlay within the law enforcement;, corrections and court services of the Sheriff's Office. TAG AND LICENSE To account for revenues collected from the issuance of vehicle and boa registrations, applications and transfer of title, occupational licenses and other miscellaneous licenses. PROPERTYTAX To account for the collection and distribution of ad valorem and tangible personal property taxes. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL FIDUCIARY FUNDS SEPTEMBER 30, 1994 EXPENDABLE TRUST FUNDS Law Drug Shared County Inmate Enforcement Abuse &State Health Welfare Trust Trust Care Program ASSETS Cash and Cash Equivalents $ 73,241 $ 29,947 $ 26,844 $ -- Investments at Cost or Amortized Cost —— —— —— —— Accounts Receivable —— —— —— —— Due from Other Governmental Units -- 165,191 439 -- Total Assets $ 73,241 $ 195,138 $ 27,283 $ -- LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable $ —— $ 18,741 $ —— $ —— Due to Others 15,331 -- -- -- ,Due to Other Governmental Units 632 -- -- -- Total Liabilities 15,963 18,741 -- -- Fund Balance: Reserved for Trust Fund Purposes 57,278 176,397 27,283 —— Total Fund Balance 57,278 176,397 27,283 -- Total Liabilities and Fund Balance $ 73,241 $ 195,138 $ 27,283 $ —1 AGENCY FUNDS Court Deferred Clerk Sheriff Facility Compensation General General Tag and Property Fees Plans -Agency Agency License Tax Total 233,028 $ -- 3,052,887 501,968 217,593 2,029,979 6,165,487 -- 1,857,673 -- -- - — 1,857,673 -= -- 30,297 -- 3,954 30,003 64,254 3,659 — 4,750 -- -- 174,039 236,687 1,857,673 3,087,934 501,968 221; 7 2 059,982 8,261,453 __ __ _ _ — 18,741 -- 1,857,673 2,018,149 496,052 6,900 4,015 4,398,120 -- -- 1,069,785 5,916 214,647 2,05 ,967 3,34 ,947 _— 1,857,673 3,087,934 501,968 221,547 2,059,982 7,763,808 236,687 — -_ __ __ —— 497,645 236,687 __ __ —— -— —— 497,645 ___236,687 1,857,673 3,087,934 501,968 221,547 2,05 982 8,261,453 1-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL EXPENDABLE TRUST FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Law Drug Inmate Enforcement Abuse Welfare Trust Trust Revenues: Charges for Services $ —— $ — Fines& Forfeitures -- 240,983 6,394 Interest —— 1,655 724 Miscellaneous 51,787 —— —— Total Revenues 51,787 242,638 7,118 Expenditures: Current: General Government —— -- Public Safety 32,941 157,391 -- Total Expenditures' 32,941 157,391 -- Excess of Revenues Over/ (Under) Expenditures 18,846 85,247 7,118 Fund Balance, October 1, 1993 38,432 91,150 20,165 Residual Equity Transfer -- -- -- Fund Balance, September 30, 1994 $ 57,278 $ 176,397 $ 27,283 1-3 Shared County Court State lth Facility Care Program Fees Total l 40,237 $ 40,237 —— — 247,377 80 8,422 10,881 51,787 80 48,659 350,282 —— 26,318 26,318 -- -- 190,332 —— 26,318 216,650 80 22,341 133,632 4,536 214,346 368,629 (4,616) -- (4, 1 ) $ —— $ 236,687 $ 497 645 1-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR FISCAL YEAR ENDED SEPTEMBER 30, 1994 Balance Balance October 1, September30, 1993 Additions Deductions 1994 DEFERRED COMPENSATION PLANS: ASSETS Investments at Cost or Amortized Cost $ 1,552,244 $ 391,962 $ 86,533 $ 1,857,673 LIABILITIES Due to Others $ 1,552,244 $ 391,962 $ 86,533 $ 1,857,673. CLERK GENERAL AGENCY: ASSETS Cash and Cash Equivalents $ 2,157,460 $ 21,226,548 $ 20,331,121 $ 3,052,887 Accounts Receivable 27,346 35,621 32,670 30,297 Due from Other Governmental Units 4,436 15,585 15,271 4,750 Total Assets $ 2,189,242 $ 21,277,754 $ 20,379,062 $ 3,087,934 LIABILITIES Due to Others $ 1,112,238 $ 14,718,976 $ 13,813,065 $ 2,018,149 Due to Other Governmental Units 1,077,004 6,558,778 6,565,997 1,069,785 Total Liabilities $ 2,189,242 $ 21,277,754 $ 20,379,062 $ 3,087,934 SHERIFF GENERAL AGENCY: ASSETS Cash and Cash Equivalents $ 622,850 $ 1,489,463 $ 1,610,345 $ 501,968 Total Assets $ 622,850 $ 1,489,463 $ 1,610,345 $ 501,968 LIABILITIES Due to Others $ 617,134 $ 1,424,722 $ 1,545,804 $ 496,052 Due to Other Governmental Units 5,716 64,741 64,541 5,916 Total Liabilities $ 622,850 $ 1,489,463 $ 1,610,345 $ 501,968 1-5 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES ASSETSI IN AND LIABILITIES ALL AGENCY FUNDS CONTINUED FOR FISCAL YEAR ENDED SEPTEMBER1 94 Balance Balance October 1, September 30, 1993 Additions -Deductions 1994 TAG AND LICENSE: ASSETS Cash and Cash Equivalents 173,100 $ 6,534,534 $ 6,490,041 217,593 Accounts Receivable 1,378 2,576 -- 3,95 Total Assets $ 174,478 $ 6,537,110 $ 6,490,041 $ 221,547 LIABILITIES Due to Others $ 4,74 $ 5,075 $ 2,969 $ 6,900 Due to Other Governmental Units 169,684 6,532,035 6,487,072 214,647 Total Liabilities $ 174,478 $ 6,537,110 $ 6,40,041 $ 221,547 PROPERTY T ASSETS Cash and Cash Equivalents $ 1,861,232 $ 126,951,945 $ 126,783,198 $ 2,029,979 Accounts Receivable 1,750 29,323 1,070 30,003 Total Assets 1,862,982 $ 126, 1, 8 $ 126,784 268 $ 2,059, 82 LIABILITIES Due to Others $ 1,621 $ 5,197,438 $ 5,195,044 $ 4, 15 Due to Other Governmental Units 1,861,361 121,783,830 121, 9,224 2,055,967 Total Liabilities $ 1,862,982 $ 126,981,268 $ 1261,784,268 $ 2,059,982 1-6 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT,OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS — CONTINUED FOR FISCAL YEAR ENDED SEPTEMBER 30, 1994 Balance Balance October 1, September 30, 1993 Additions Deductions 1994 TOTAL ALL AGENCY FUNDS: ASSETS Cash and Cash Equivalents $ 4,814,642 $ 156,202,490 $ 155,214,705 $ 5,802,427 Investments at Cost or Amortized Cost 1,552,244 391,962 86,533 1,857,673 Accounts Receivable 30,474 67,520 33,740 64,254 Due from Other Governmental Units 4,436 15,585 15,271 4,750 Total Assets $ 6,401,796 $ 156,677,557 $ 155,350,249 $ 7,729,104 LIABILITIES Due to Others $ 3,288,031 $ 21,738,173 $ 20,643,415 $ 4,382,789 Due to Other Governmental Units 3,113,765 134,939,384 134,706,834 3,346,315 Total Liabilities $ 6,401,796 $ 156,677,557 $ 155,350,249 $ 7,729,104 1-7 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, IT CHANGES I - BUDGET AND ACTUAL ENFORCEMENTLAW TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Variance Favorable u ge Actual (Unfavorable) Revenues: Fines and Forfeitures 229,241 240,983 11,742 interest 1,500 1,655 155 Total Revenues 230,741 242,638 11,897, Expenditures: Current: Public Safety 321,816 157,391 14,425 Excess of Revenues Over/ (Under) Expenditures (91,075) 85,247 176,322 Fund Balance, October 1, 1993 91,150 91,1 -- Fund Balance, September 30, 1994 $ 75 176,397 176,322 I-8 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL DRUG ABUSE TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures $ 3,000 $ 6,394 $ 3,394 Interest 500 724 224 Total Revenues 3,500 7,118 3,618 Expenditures: Current: Human Services 20,000 -- 20,000 Excess of Revenues Over/ (Under) Expenditures (16,500) 7,118 23,618 Other Financing Sources/(Uses): Reserve for Contingencies (2,573) -- 2,573 Excess of Revenues and Other Sources Over/(Under)Expenditures and Other Uses (19,073) 7,118 26,191 Fund Balance, October 1, 1993 20,165 20,165 -- Fund Balance, September 30, 1994 $ 1,092 $ 27,283 $; 26,191 1-9 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES CHANGES IN F — BUDGETAND ACTUAL COUNTYSHARED T THEALTH EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 160 $ 80 $ (80} Expenditures: Current: Public Safety 4,678 4,678 Excess of Revenues Over/ (Under) Expenditures (4,518) 80 4,598 Fund I ce,' ctobdr 1, 1993 4,536 4,536 —— Residual Equity Transfer, -- (4,616) (4,616} Fund Balance, September 30, 1994 $ 18 $ -- $ (18) D 1-10 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL COURT FACILITY FEES EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services $ 30,000 $ 40,237 $ 10,237 Interest 3,000 8,422 5,422 Total Revenues 33,000 48,659 15,659 Expenditures: Current: General Government: Court Facility 210,000 26,318 183,682 Excess of Revenues Over/ (Under) Expenditures (177,000) 22,341 199,341 Other Financing Sources/(Uses): Reserve for Contingencies (10,000) -- 10,000 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (187,000) 22,341 209,341 Fund Balance, October 1, 1993 214,346 214,346 -- Fund Balance, September 30, 1994 $ 27,346 $ 236,687 $ 209,341 I-11 ACCOUNTGROUPS GENERAL FIXED ASSETS To account for all fixed assets of Monroe County, other than those accounted for in the Enterprise Funds and Internal Service Funds. GENERAL LONG—TERM DEBT To account for long—term debt supported by general revenue sources of the Monroe County Governmental Unit. THIS PAGE INTENTIONALLY LEFT BLANK E COUNTY, FL I SCHEDULE F FIXED ASSETS Y SOURCE q SEPT , 9 994 , Total GENERAL FIXED ASSETS: Land 14,5 ,507 Buildings 58,593,301 Equipment 35,293,656 Construction In Progress 3,773, 23 Total General Fixed Assets $ 112,170,392 INVESTMENTS IN FIXED ASSETS: General Fund Revenues; County Funding 22,9 ,43 1988 Improvement Revenue Bonds- 62,098 Federal Grants and Shared.Revenues 893,314 State Grants and Shared Revenues 801,591 Donations 186,467 General Obligation Bonds 2,469,017 Special Revenue Fund Revenues 14,411,311 Donations 3,202,350 Capital Project Fund; Special Revenue Bonds 1,210,451 1968 Improvement Revenue Bonds 2,194,322 1991 Sales Tax Revenue Bonds 31,607,602 Federal Grants and Shared eveues 1,152,746 State Grants,and Shared Revenues 286,495 County Funding 30,7 , 57 Donations 11,908 Total Investment in General Fixed Assets 112,170,392 J-1 MONROE COUNTY, FLORIDA SCHEDULE F GENERAL FIXED BY FUNCTION I I SEPTEMBER 30, 1994 Construction Land BuilAggs Equipment in PEqgLess `Total General Government: Legislative $ - $ 91,534 $ -- $ 91,534 Executive - - -- 39,458 39,458 Financial and Administrative 439,179 3, 47,645 2,901,426 -- 6,78 ,250 Legal Counsel -- -- 71,227 71,227 Comprehensive Planning 23,223 28,580 342,321 -- 394,124 Judicial -- 133,115 1,315,827 -- 1,448,942 Other General Government 4,491,358 11,186,242 2,349,357 1 ,0 ,957 Total General Government 4, 53,760 14,795,582 7,111,150 -- 26,8 , 92 Public Safety: Law Enforcement 359,962 1,21,99 9,295,720 -- 10,887,680 Fire Control 340,135 297,412 7,441, 21, 8,079,368 Detention/Correction 4,858,904 36,9 ,421 2,392,805 -- 44,210,130 Protective Inspections ®- 14,808 83,352 98,160 Emergency &Disaster Relief Svcs -- 43,486 526,875 -- 570,361 Ambulance & RescueServices -- 13,215 - 1,97, 16 -- 1,980,531 Medical Examiner -- -- 35,125 35,125 Other Public Safety -- -- 9,750 -- 9,750 Total Public Safety 5,55 ,01 3 ,559, 40 21,752,764 -- 65, 71,105 Physical Environment: Conservation & Resource Mgmt -- -- 72, 77 - 72,677 Other Physical Environment - -- 3,511 3,511 Total Physical Environment -- -- 76,188 76,188 Transportation: Road and Street Facilities -- 21,147 2,721,524 - 2,72,671 Airports 130,700 -- -- -- 130,700 Parking Facilities 799,963 -® -- 799963 Total Transportation 930,663 21,147 ,721,524 -- 3,673,334 Economic Environment: Industry Development 369, -- -- -- 369,000 Veteran's Services -- 20,578 20,578 Other Economic Development -- _ -- 154,474 -- 154,474 Total Economic Environment 369,000 - 175,052 -- 54 ,052 J-2 (Continued) MONROE , FLORIDA SCHEDULEFGENERAL-FIXED ASSETS BY FUNCTION CTI I -- CONTINUED SEPTEMBER 30, 1994 Construction Land Buildings _equipment in Progress Total ,Human Services: Hospitals 34,510 163,152 -- 197,662 Health 10,500 390,285 1,296,604 —— 1,697,389 Welfare 8,500 448,338 725,035 -- 1,181,873 Total Human Services 19,000 873,133 2,1.84,791 -- 3,076,924 Culture andRecreation: Libraries 121,947 3,281,841 26 ,784 -- 3,673,572 Parks and Recreation 2,542,836 1,055,994 136,630 — 3,735,460 Other Culture and Recreation 8,300 6,264 865,773 ®® 880,337 Total Culture and Recreation 2,673,083 4,344,099 11272,187 8,289,369 Construction in Progress — — -- 3,778,928 3,77 ,928 Total 14, ,507 58,593;301 8 35,2 ,656 3,778;928 112,170,392 J-3 COUNTY,MONROE FLORIDA SCHEDULEIN GENERAL FIXED ASSETS Y FUNCTION TI I FOR THE FISCAL YEAR ENDED SEPTEMBER , 19 October 1, Transfers September 30, 1993 Additions Deductions In Out 1994 General Government: Legislative $ 89,343 $ 4,586 $ 2,395 $ - $ -- $ 91,534 Executive 41,989 7,386 637 -- 9,280 39,458 Financial &Administration 6,601,684 262,394 96,649 27,221 6,400 6,788,250 Legal Counsel 60,905 9,185 1505 1,642 -- 71,227 Comprehensive Planning 479,194 20,067 103,583 4,443 5,997 394,1.24 Judicial 1,391,09 118, 5 59,193 1,545 2,774 1,448,942 Other General Government 13,302,251 5, 40,154 717,046 4,102 2,504 18,0 ,957 Total General Government 21,9 ,395 5,862,107 980,008 38,953 26,955 26,8 ,492 Public Safety: Law Enforcement 9,483,379 2,301,115 896,814 63,141 63,141 10,887,680 Fire Control 6,70,128 642,603 186,489 3,116,26 2,243,120 8,079,368 Detention/Correction 12,101,589 32,1 ,541 -- -- -- 44,210,130 Protective Inspections 182,388 14,019 98,247 -- -- 98,160 Emergency&Disaster Relief Svcs 616,653 63,360 106,438 2,580 5,794 570,361 Ambulance & Rescue Cervices 2,768,174 172,612 81,844 6,879 885,290 1,980,531 Medical Examiner 32,995 2,130 -- - -- 35,125 Other Public Safety 9,70 -- -- -- -- 9,750 Total Public Safety 31,9 ,056 35,3 ,30 1,369,832 3,18 ,846 3,197, 45 65,871,105 Physical Environment: Conservation &Resource Mgmt 53,197 19,480 72,677 Other Physical Environment 7,511 -- - -- 4,000 3,511 Total Physical Environment 60,708 19,480 4,000 76,188 Transportation: Road and Street Facilities 2,634,926 258,282 117,250 479 33,766 2,742,671 Airports 130,70 - -- 10,700 Parking Facilities 799,963 -- -- -- - 799,963 Total Transportation: 3,565,589 g58,282 117,250 _ 479 33,766 3,673, 34 Economic Environment: Industry Development 369,000 -- -- -- - 369,000 Veteran's Services 54,397 5,474 38,638 1,495 2,150 20,578 Other Economic Development 147,075 7,399 -- -- 154,474 Total Economic Environment 570,472 12,873 38 638 1,495 2,150 544,052 J- (Continued) MONROE COUNTY, FLORIDA _ SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION ACTIVITY CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 94 Octob6r 1, Transfers September 30, 1993 Additions Deductions In Out 1994 Human Services: Hospitals 197,662 _ _ __ _ 197,662 Health 1,324,010 460,852 85,712 774 2,535 1,697,389 Welfare 922,145 337,327 76,190 14,283 15,692 1,181,873 Total Human Services 2,44.3,817 798,179 161,902 15,057 � 18,227 3,076,924 Culture and creation: Libraries 3,372,875 321,514 21,438 621 —— 3,673,572 Parks and Recreation 3,132,301 684,330 118,163 36,992 -- 3,735,460 Other Culture and Recreation 879,471 866 — -- -- 880,337 Total Culture and Recreation 7,384,647 1,006,710 139,601 37,613 — 8,289,369 Construction in Progress 35,092,778 4,911,929 362 ,779 —_ -- 3,778,928 Total 103,029,4 2 48,173,940 39,033,010 ,$ 3,282,4,,3 3,282,443 112,170,392 J-5 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FL I SCHEDULE OF CHANGES IN LLONG—TERM T FOR THE FISCAL YEAR ENDED SEPTEMBER , 1 Balance Balance October 1, September 3 , 1 3' -Additions Retirements 1994 General Long—Term Debt Payable: Revenue Bonds Payable: Sales Tax Revenue Bonds, Series 1991 38,7 ,000 $ -- 2,665,000 $ 36,075,000 Refund improvement Revenue Bonds, Series 193 (83) 1,080,000 165,000 915,000 Refund Improvement Revenue Bonds, Series 1993 (88) 7,230,000 170,000 7,060,000 Total Revenue Bonds Payable 47,Q50,000 -- 3,000,000 44,0 ,000 Installment Loans 175,226 1,543 70,227 106,542 Capital Lease Obligations Board of County Commissioners 12,958 9,574 3,384 Sheriff — 225,250 -- 225,250 Total Capital Lease Obligations 12,958 225,250 9,574 228,634 Accrued Compensated Absences Board of County Commissioners 1,070,524 22,75 -- 1,333,229 Tax Collector 43,701 1 1,b94 54,795 Property Appraiser 82,239 18,231 -- 100,470 Sheriff 1,411,138 217,482 217,482 1,411,138 Total Accrued Compensated Absences 2, 07,602 509,512 217,482 2,899,632 Total General Long—Term Debt Payable $ 49,845 786 736,305 3,297,283 4�7, 808 J-6 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1993 (83) DESCRIPTION SEPTEMBER 30, 1994 Refunding Bonds Series 1993{83)- Original authorization $2,500,000 Unissued 1,315,000 Issued 1,185,000 Retirements through September 30, 1994 270,000 Balance outstanding September 30, 1994 $915 000 Date of issue January.1, 1993 Maturity range 1993-1999 Principal payment date July 1 Interest payment dates January — July Denominations $5,000 Interest rates: 2.40% Maturities 1993 4.30%° Maturities 1997 3.10%Maturities 1994 4.50%Maturities 1998 3.70%Maturities 1995 4.75%Maturities 1999 4.10% Maturities 1996 Average interest cost rate Paying agent Barnett Banks Trust Company, N.A. Jacksonville, Florida J-7 MONROE COUNTY, P ID REFUNDINGIMPROVEMENT REVENUE BONDS — SERIES 1993 (83) DEBT REQUIREMENTSTO MATURITY SEPTEMBER 30, 1994 1,1 5,00 Improvement Bonds—Series 1993 (83) Bond Year Ending ri inal Total July 1 Principal Interest b erviee 1993 $ 105,000 $ 23,445 128,445 1994 165,000 44,370 209,370 1995 170,000 39,255 209,255 1996 175,000 32,965 207,965 1997 180,000 25,790 205,790 1998 190,000 18,050, 208,050 1999 200,000 9,500 209,500 $ 1,185,000 193,375 _ 1,378,375 J-8 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1993 (88) DESCRIPTION SEPTEMBER 30, 1994 Refunding Bonds Series 1993 ( ) Original authorization $7,500,000 Unissued 270,000 Issued 7,230,000 Retirements through September 30, 1994 170,000 Balance outstanding September 30, 199 $7,0 000 Date of issue May 1, 1993 Maturity range 1993-2008 Principal payment date December 1 Interest payment dates June — December Denominations $5,000 Interest rates: 2.60% Maturities 1993 4.70% Maturities 2001 2.60%Maturities 1994 4.80%Maturities 2002 3.30% Maturities 1995 5.00%Maturities 2003 3.60% Maturities 1996 5.00% Maturities 2004 .00% Maturities 1997 5.00%Maturities 2005 4.10% Maturities 1998 5.00% Maturities 2006 4.30% Maturities 1999 5.00%Maturities 2007 4.50% Maturities 2000 5,00%Maturities 2008 Average interest cost rate 4.47% Call feature 1 /01/01 11/30/02 10 12/01/02 — 11/30/0 101 12/01/03 - Maturity 100 Paying agent Nations Bank of Florida, N.A. J-9 COUNTY,MONROE FLORIDA REFUNDINGIMPROVEMENT REVENUE BONDS- SERIES 1993 ( 8) DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1994 $7,230,000 Improvement ®n - erie 1993 ( ) Bond Year Ending Original Total December 1 Principal Interest - Debt Service 1993 $ 170,000 188,282 358,282 1994 350,000 . 318,350 668,350 1995 360,000 309,250 669,250, 1996 375,000 297,370 672,370 1997 385,000 - 23,870 668,870 1998 400,000 268,470 668,470 1999 420,000 252,070 672,070 2000 435',000 24,010 669,010 2001 455,000 214,435 669,435 2 02 475,000 193,050 668,050 2003 500,000 170,250 670,250 2004 525,000 145,250 670,250 2005 550,000 119,000 669,000 2006 580,000 91,500 671,500 2007 610,000 62,500 672,500 2008 640,000 32,000 672,000 7, 30,000 3,179,657 10,4 ,657 J-10 MONROE COUNTY, FLORIDA SALES TAX REVENUE BONDS - SERIES 1991 DESCRIPTION SEPTEMBER 30, 1994 Revenue Bonds Series 1991 Original authorization $43,500,000 Unissued 1,085,000 Issued 42,415,000 Retirements through September 30, 1994 6,340,000 Balance outstanding September 30, 1994 $36,075 000 Date of issue October 1, 1991 Maturity range 1992-2004 Principal payment date April 1 Interest payment date April — October Denominations $5,000 Interest rates: 4.50% Maturities 1992 5.70%Maturities 1999 4.75% Maturities 1993 5.80%Maturities 2000 5.00% Maturities 1994 5.90% Maturities 2001 5.20% Maturities 1995 6.00%Maturities 2002 5.30% Maturities 1996 6.10%Maturities 2003 5.50% Maturities 1997 6.20%Maturities 2004 5.60% Maturities 1998 Average interest cost rate 5.92% Call feature 1998-1999 102.0" 1999-2000 101.0 2000—Maturity 100.0 Paying agent First Florida Bank, N.A. Tampa, Florida J-11 MONROE COUNTY, FLORIDA SALESTAX REVENUE — SERIES 1991 ,DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1994 $42,415,000 Series 1991 Bonds Fiscal Original Total Year Principal Interest Debt Service 1992 1,135,000 1,194,983 2,329,98 1993 2,540,000 2,338,890 4,878,890 1994 2,665,000 2,218,240 4,883,240 1995 2,795,000 2,084,990 4,879,990 1996 2,940,000 1,939,650 4,87 ,650 1997 3,100,000 1,783,830 4,883,830 1998 3,270,000 1,613,330 4, 83,330 1999 3,450,000 1,430,210 4,880,210 2000 3,650,000 1,233,560 4,883,560 2001 3,860,000 1,021,860 418 1,860 2002 4,085,000 794,120 4,879,120 2003 4,330,000 549,020 4,879,020 204 4,595,000 284,890 4,879,890 $ 42,415,000 18,487,573 60,902,573 J-12 THIS PAGE INTENTIONALLY LEFT BLANK STATISTICAL Statistical information is different from the information presented in the financial section in that it usually covers more than one fiscal year and may present non—accounting information. The tables present social and economic information, financial trends and the fiscal capacity of the government necessary for the complete disclosure of the County's financial activity. The information presented in the following tables is not required for fair presentation in conformity with generally accepted accounting principals and is,therefore, not covered by the auditor's opinion. Sources of Data: * Monroe County Clerk of the Circuit Court—Finance Department (For Pages ®1 through Pages K-19 where a source is not indicated) * Monroe County Tax Collector * Monroe County Property Appraiser * Monroe County School Board * Monroe County Supervisor of Elections * Monroe County Sheriff's Department * University of Florida, Bureau of Economic & Business Research * FloridaBanker's A ° ciation * Department of Natured Resources, Bureau of Park Planning *Agency for Health Care Administration The Constitution of the State of Florida, Florida Statute 200.181 and Monroe County set no legal debt limit. . MONROE COUNTY, FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION LAST TEN YEARS FISCAL GENERAL PUBLIC PHYSICAL TRANS— ECONOMIC YEAR GOVERNMENT SAFETY ENVIRONMENT PORTATION ENVIRONMENT 1985 $ 8,731,943 $ 12,189,855 $ 467,548 $ 4,056,687 $ 211,424 1986 9,842,404 13,586,790 413,756 3,893,227 2,275,026 1987 10,940,172 14,177,570 210,678 3,503,429 2,906,704 1988 14,238,914 19,171,479 174,732 3,946,380 3,841,530 1989 15,767,785 22,356,972 240,970 6,426,753 5,066,351 1990 17,935,158 25,588,253 497,510 5,370,915 7,332,545 1991 20,040,936 29,320,771 531,593 6,078,545 6,906,952 1992 20,956,430 31,649,193 668,315 5,923,595 7,851,857 1993 20,908 679 34,331,564 741,354 4,175,462 7,811,825 1994 23,460,049 38,321,175 1,305,061 4,263,681 7,996,073 *Includes expenditures in General, Special Revenue, Debt Service and Expendable Trust Fund Types. **Capital Outlay expenditures were reported separately for fiscal year1987. K-1 HUMAN CULTURE AND DEBT CAPITAL SERVICES RECREATION SERVICE OUTLAY" TOTAL* $ 2,662,800 $ 2;883,067 $ 986,217 $ -- $ 32,189,541 3,427,255' 2,466,602, 211,159 -- 36,116,219 3,552,902 1,587,689 209,377 2,940,228 40,028,749, 4,479,122 2,096,837 659,727 -- 48,608,721 4,783,859 2,342,24.7 705,704 -- 57,690,641 4,862,131 2,384,354 1,098,596 =- 65,069,462 5,186,247 2,886,706 1,270,761 -- 72,222,511 5,309,346 2,971,243 4,657,447 -- 79,987,426 5;719,640 2,345,014 7,037,236 83,070,774 9,787,823 2,757,703 4,627,836 92,519,401 K-2 MONROE COUNTY, FLORIDA GENERAL GOVERNMENT REVENUE BY SOURCE LAST LICENSES INTER FISCAL AND , GOVERN- FOR YEAR TAXES PERMITS MENTAL SERVICES 1985 $ 17,687,566 1,660,046 $ 9,099,749 $ 1,569,08 16 23, 9 ,462 2,436,048 9,918,697 2,584,504 1987 25,6 ,63 1,516,661 9,501,798 2,649,131 198 32,419,904 1,919,763 11, 95, 16 3,438,650 199 37,9 ,385 2,05 ,90 18,570,790 3,365,050 1990 41,991, 55 2,189,09 17,0 ,599 4,007,404 1991 46,675,252 2,72 ,190 14,563,582 4,373,229 1992 48,19 ,057 2,284,836 16,678,180 4,757,019 1993 53,9 ,727 2,422,039 18,1 ,244 4,224,315 1994 54,441,515 2,018,078 19,514,402 4, 5,466 *Includes revenues in General, Special Revenue,Debt Service and Expendable.Trust Fund types. K-3 FINES AND INTERESTI -- F IT INCOME ASSESSMENTSTOTAL* 1,135,328 1,468,078 -- 363,785 32,983,641 1,129,491 1,5 8,360 -- 419,433 41,1 ,995 1,386,196 1,623,451 866,653 834,133 43,517,666 1,705,128 2,29,943 2,164, 54 55,3 ,058 1,906,987 3,616,155 -- 2,1.31,269 69,581,576 2,153,152 3,935,207 -- 1,501,256 72,832,522 2,099,284 3,805,048 -- 2,300,275 76,5 ,860 2,218,317 3, 93,779 - 2,026,446 79,2 634 ,214,505 2,314,117 - 1,823,814 85,070,761 2,955,435 2g558,970 ®® 2,20 ,160 88,584,026 K-4 MONROE COUNTY, FLORIDA PROPERTY TAX LEVIES LL CTI T TEN FISCAL Y FISCAL TAX TAX PERCENT OF YEAR LEVY COLLECTIONLEVY COLLECTED 198 $ 15, 14,49 15,351,860 97.1 196 20,697,309 19,9 ,482 96.4 1987 22,6 ,498 21,732,106 96.0 1988 34,251,268 32,8 ,650 95.9 1989 31,0 ,120 29,950,92 96.4 190 34,489,127 3 ,2 ,628 96.44 1991 39,598,532 38, ,079 96.9 1992 4 ,610,035 39,07 , 69 96.2 1993 42,637,049 41,3 ,979 97.0 1994 43,472,080 42,01 ,616 96.6 Property tax levies, based on assessed values as of January 1 st, become due and payable on November 1 st of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Accordingly, taxes collected will never be one hundred percent of the tax levy. Taxes become delinquent on April 1 st of each year and tax certificatesfor the full amount of any unpaid taxes and assessments must be sold not later than June 1 st of each year. Source. Monroe County Tax Collector K-5 MONROE,COUNTY, FLORIDA ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY T TEN YEARS PERSONAL.REAL PROPERTY PROPERTY TOTAL YEAR ASSESSED VALUEASSESSED LUE ASSESSED VALUE 1985 $ 2,818,747,746 179, 4,814 2,998,742,560 1986 3,114,511,330 20%495,424 3,324,006,754 1987 3,425,252,146 212, 2,427 3,637,484,573 1988 3,754,724,220 221, 3,508 3,976,367,728 1989 4,M8,231,293 261, 6,249 4,470,227,542 1990 5,129,539,812 284,929,021 5,414,468,833 1991 5,616,22 ,591 299, 5,576 5,915,789,167 1992 6,135,745,413 305 2,159 6,440,807,572 1993 6,205,863,228 310,418,654 6,516,281,882 1994 6,140,029,454 318, 0,985 6,458,310,439 Assessed values used are net taxable values after deducting allowable statutory exemptions. Property is assessed as of January 1st and taxes based on those assessments are levied and become due on the following November 1 st. Estimated actual value for each tax year is equal to the assessed value. The ratio of total assessed to the total estimated actual value is 100%for each tax year. Source: Monroe County Property Appraiser K-6 MONROE COUNTY, FLORIDA PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS FISCAL PROPERTY CONSTRUCTION BANK YEAR VALUE* (1 & 2)* DEPOSITS** 1985 $ 2,230,308,056 $ 47,455,279 $ 390,889,000 1986 2,410,892,344 64,743,341 465,596,000 1987 2,617,260,573 73,832,930 570,342,000 1988 2,830,297,181 74,847,145 648,426,000 1989 2,974,503,658 110,925,817 892,242,000 1990 3,667,553,207 156,637,545 928,728,000 1991 4,049,901,005 122,937,849 918,016,045 1992 4,375,917,282 120,323,709 888,072,000 1993 4,447,309,657 91,934,986 923,935,000. 1994 4,390,694,004 66,414,893 952,120,000 Taxable property value and construction does not include the municipal areas of the County. Construction amounts include new taxable construction minus deletions from the Tax Roll. Source: * Monroe County Property Appraiser ** Florida Banker's Association K-7 F COUNTY, FL I PROPERTY TAX RATES - DIRECT AND OVERLAPPINGGOVERNMENTS LAST TEN YEARS TAX RAIEP_fMI LjAGFj SCHOOL SCHOOLBOARD COUNTY* TAXYEAR OPERATINGT F VIOPERATING- DEBT SERVICE OTHER" TOTAL' 1985 5.8580 &1906 1.1380 13.1866 1986 5.9330 6.2262 1.2180 13.3772 1987 6.0650 6.8639 1.1630 14.0919 1988 6.2720, -- &9222 1.22 14.4192 1989 6.470 -- 6.3713 -- 1.1650 13.9933 1990 5.8570 -- 6.6803 1.1570 13.6943 191 5.7190 6.2992 -- 1.1964 13.2146 1992 5.7070 6.8b6i -- 1.1945 13.7076 1993 6.0910 -- 5.5903 1,4065 13. 878 1994 6.2050 5.712 -- 1.1851 13.1043 Property is assessed as of January 1st and the taxes based on those assessments are levied according to the -tax rate in effect during that tax year and become due on'November 1st. * County,millage consists of the General Revenue Fund,the Fine and Forfeiture Fund, and the Health Clinic. Consists of the following districts: Monroe County Mosquito Control, South Florida Water Management, Okeechobee Basin Fund and Big Cypress Fund. Source: Monroe County Tax Collector K-d8 MONROE COUNTY, FLORIDA PRINCIPAL TAXPAYERS 1994 FISCAL PERCENTAGE ASSESSED YEAR TAXES OF TOTAL TAXPAYER** VALUE* COLLECTED** COLLECTED** 1. Souther Bell $ 59,558,644 $ 863,290 0,0082 2. Casa Marina 49,585,923 .857,108 0,0082 3. Cheeca Lodge 23,798,125 337,643 0.0032 4. Pier House 20,931,922 347,342 0.0033 5. Hyatt Key West 17,921,893 297,790 0.0028 6. The Reach 17,890,680 296876 0.0028 7. Southernmost Beach LP 17,071,545 295,087 0.0028 8. Holiday Inn Key West 16,905,910 280,535 0.0026 9. Sheraton Key Largo, 15,641,936 222,399 0.0021 10. Hawks Cay 14,751,894 214,465 0.0021 $ 254,058,472 $- 4,012,535 0.0381 Source:* Monroe County Property Appraiser ** Monroe County Tax Collector K-9 MONROE COUNTY, FLORIDA RATIO OF NET-GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LAST TEN YEARS GROSS DEBT ASSESSED BONDED SERVICE YEAR POPULATION* VALUE** DEBT** FUNDS** 1985 69,945 $ 2,998,742,560 $ -- $ -- 1986 71,378 3,324,006,754 -- -- 1987 73,137 3,637,484,573 1988 75,462 3,976,367,728 -- -- 1989 76,780 4,470,227,542 -- -- 1990 78,024 5,414,468,833 -- -- 1991 79,536 5,915,789,167 -- -- 1992 80,968 6,440,807,572 -- 1993 81,766 6,516,281,882 -- 1994 82,252 6,458,310,439 -- -- Property Taxable Value Assessments areas of January 1st of each year. Source: * University of Florida, Bureau of Economic,and Business Research. **Monroe County Property Appraiser. K-10 MONROE COUNTY, FLORIDA COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT SEPTEMBER 30, 1994 PERCENTAGE APPLICABLE TO THIS OVERLAPPING GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT Monroe County, Florida $ -- -- $ -- School Bonds* 260,019 100 % 260,019 Monroe County does not have any outstanding general obligation debt funded by ad valorem taxes. The School Board's fiscal year ends June 30, 1994. Source: * Monroe County School Board K-11 MONROE COUNTY, FLORIDA RATIO I I FOR GENERAL BONDED DEBT TO TOTAL L GOVERNMENT EXPENDITURES T TEN FISCALY RATIO F SERVICE T OTHER TOTAL GENERAL GENERAL FISCAL DEBT DEBT GOVERNMENT GOVERNMENT - YEARI CI L INTEREST C I * EXPENDITURES EXPENDITURES 1985 $ 710,000 38,425 $ 20,107 768,532 $ 31,5 ,52 2.43 196 136,500 24,054 180 160,734 36,418,839 0.44 1987 140,440 11,225 151,665 43,373,112 0.35 198 57,560 4,205 -- 61,765 49,9 ,715 0.12 1989 405,728 29,438 435,166 59,600,213 0.73 1990 -- -- - -- 77,210,249 -- 1991 350,000 29,925 379,925 78,0 ,130 0.49 1992 360,000 24,030 384,030 93,7 ,830 0.41 1993 300,000 13,212 313,212 102,474,769 0.31 1994 395,000 14,948 409,948 101,726, 18 0.40 *Debt Service includes principal and interest on general obligation bonds; bond anticipation notes, and other loan and notes payable. K-12 MONROE COUNTY, FLORIDA MUNICIPAL SERVICE DISTRICT — WASTE SCHEDULE OF REVENUE BOND COVERAGE LAST TEN FISCAL YEARS NET REVENUE DEBT SERVICE REQUIREMENTS FISCAL GROSS AVAILABLE FOR TIMES YEAR REVENUE** EXPENSES* DEBT SERVICE PRINCIPAL INTEREST TOTAL COVERAGE 1985 $ 6,235,504 $ 4,312,485 $ 1,923,019 $ 55,000 $ 868,933 $ 923,933 2.08 1986 6,488,177 5,400,183 1,087,994 -- 531,702 531,702- 2.05 1987 7,956,812 5,136,726 2,820,006 430,000 626,755 1,056,755 2.67 1988 8,236,280 6,644,830 1,591,450 280,000 607,418 887,418 1.79 1989 9,571,847 6,770,541 2,801,306 300,000 589,993 889,993 3.15 1990 11,295,582 8,772,546 2,523,036 315,000 569,986 884,986 2.85 1991 13,344,013 10,896,916 2,447,097 335,000 547,630 882,630 2.77 1992 14,458,040 11,394,292 3,063,748 180,000 615,668 795,668 3.85 1993 16,094,726 13,640,389 2,454,337 285,000 606,307 891,307 2.75 1994 15,619,182 11,673,498 3,945,684 300,000 590,918 890,918 4.43 * "Expenses"exclude depreciation of fixed assets and amortization of deferred charges which are reflected as expenses in the financial statements. ** "Gross Revenue"shall mean all rates, fees, charges, assessments or other income received by the County or accrued to the County or any agency thereof in control of the management and operation of said Municipal Service District. Excluded from"Gross Revenue" is interest earned on funds held in escrow for the retirement of the refunded 1980 bonds. K-13 COUNTY,MONROE FLORIDA SCHEDULE OF INSURANCE I SEPTEMBER , 1 4 ----INSURANCE COF POLICY PERIOD e Employees Reinsurance Corporation 10/01/93-94 Insurance Company of North America 0 /15/ 4-95, 04/01/94-95, 07/01/94--95 07J /94-95, 10/01/93-94 Jahn Alden Life Insurance Company 10/01/93-94, 10/01/93-94 South Carolina Insurance Company 04/ /94- 5, 05/30/94®-95, 11/13/94-95 NIT". Hawley Insurance Company 0 /15/94-95 West Chester Fire Insurance Company 03/15/ 4-95 Fireman's Fund Insurance Company 0 /15/94-95 Wausau Insurance Company 03/15/94-95 Florida`Municipal Insurance Trust 10/01/93-94, 10/01/93-94 Western World 03/15/94-95 Scottsdale Insurance Company 3/15/ 4-95, /16/94-95 Hartford Life&Accident 10/01/93-94 Lexington Insurance Company 03/13/94-95 Associated Aviation Underwriters 7/ /94-95 International Surplus Lines Insurance Company 12/ / 3®-94 Bankers Standard Insurance Company 10/01/ 3--94 Insurance Company of North America (Bonds) 11/ /92--9 , 11/22/92-96, 01/01/93-97 Ohio Casualty Company 11/ /92-96 Preferred NationalInsurance- 11/ /92-12/19/94 Florida Windstorm Underwriting Association 03/ /94-95, 04/11/94-95 Hartford Stearn Boiler Inspection & Insurance Company 02/17/94- 5 Commerce & Industry Company 02/14/94- 5, 03/1 /94- 5 United State Fidelity & Guarantee 02/15/94m-95 Omaha Property& Casualty 02/07/94-95, 08/21/94-95 —14 MONROE COUNTY, FLORIDA SCHEDULE OF INSURANCE AGENCIES SEPTEMBER 30,1994 EXPIRATION ANNUAL AGENCY DATE PREMIUM Arthur J. Gallagher 09/30/94 $ 52,405 09/30/94 160,611 09/30/94 214,007 09/30/94 5,400 03/13/95 31,124 Porter Allen Insurance Company 01/03/95 450 02/15/95 1,029 03/15/95 8,290 04/01/95 1,027 04/03/95 16,798. 05/30/95 1,246 07/26/95 4,087 11/13/95 - 634 11/03/96 355 11/22/96 355 01/01/97 100 The Johnson's Insurance Agency 02/07/95 822 02/15/95 1,029 02/17/95 3,768 03/23/95 8,060 04/11/95 158,256 08/21/95 1,388 Florida League of Cities 09/30/94 154,763 09/30/94' 46,626 12/20/94 11,259 12/14/95 1,922 03/13/95 3,000 03/15/95 2,500 03/15/95 3,812 66/16/95 4,497 The CIMA Companies, Inca 07/01/95 456 07/01/95 194 John Alden Life Insurance 09/30/94 34,695 09/30/94 931,583 Lance Toland Associates 07/27/95 33,942 Burke, Bogart&Brownell, Inc. 09/30/94 61,236 09/30/94 10,351 The Regan Insurance Agency 11/30/96 179 Bain Hogg Robinson 03/15/95 127,529 03/15/95 175,179 03/15/95 35,039 03/15/95 48,055 K-15 MONROE COUNTY, FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS SEPTEMBER 30,1994 ANNUAL AMOUNT OF NAME AND TITLE OF OFFICIAL SALARY SURETY BOND Jack London - Chairman, Board of County Commissioners $ 27,621 $ 5,000 Earl Cheal — Member, Board of County Commissioners 27,621 2,000 Shirley Freeman — Member, Board of County Commissioners 27,621 2,000 Wilhelmina Harvey Member, Board of County Commissioners 27,621 2,000 Mary Kay Reich — Member,Board of County Commissioners 27,621 2,000 Danny L. Kolhage — Clerk of Circuit Court and Chief Financial Officer 69,032 25,000 Richard D. Roth — Sheriff 77,021 15,000 Harry L. Sawyer, Jr. — Supervisor of Elections 56,183 5,000 Ervin A. Higgs- Property Appraiser 69,032 10,000 Harry F. Knight— Tax Collector 69,032 50,000 James Roberts — County Administrator 96,093 -- K-16 MONROE COUNTY, FLORIDA DEMOGRAPHIC STATISTICAL DATA LAST TE N YEARS SCHOOL UNEMPLOYMENT PER CAPITA MEDIAN ENROLLMENT RATE YEAR POPULATION (1) INCOME (1) AGE (2) (3) PERCENTAGE (4) 1985 69,945 $ 13,497 36.9 6,913 3.5 1986 71,378 14;956 37:3 7,138 3.0 1987 73,137 16,130 NA 7,515 2.8 1988 75,462 17,130 NA 7,575 2.6 1989 76,780 19,003 NA 8,158 2.5 1990 78,024 20,155 NA 8,490 3.1 1991 79,536 20,206 NA 8,338 4.8 1992 80,968 NA NA 8,862 8.5 1993 81,766 NA NA 8,789 3.6 1994 82,252 NA NA 9,140 3.9 NA — Data Not Currently Available Sources: 1. University of Florida, Bureau of Economic & Business Research 2. Department of Commerce, Bureau of Economic Research 3. Monroe County School Board 4. Florida Department of Labor and Employment Security K-17 MONROE COUNTY, FLORIDA MISCELLANEOUS T TI TI L DATA SEPTEMBER 30, 1994 Government tract GoverningBody: Monroe County Board of County Commissioners Number of Seats: 5 Length of Term: 4 years Chairman: Chosen annually by fellow commissioners Chief Administrative Position: County Administrator Date originally established EDUCATION: constitutionally: July 3, 1823 Number of schools: High Schools 3 Date of present constitution Middle Schools 1 establishment May 13, 1887 Elementary Schools 5 Middle/Elementary Schools 3 Form of government: Constitutional County Special Ed.Schools 1 1 Present area: 1,034 square miles N u rn be r of Administrators 35 Number of Teachers 573 Source: Monroe County School Board Date Residents IncreaseEMPLOYEES: 1985 69,945 Property Appraiser 42 1986 71,378 2.05% Tax Collector 51 1987 73,137 2.46% Board of County Commissioners 646 1988 75,462 3.18%® Clerk of Circuit Court 102 1989 76,780 1.75% Supervisor of Elections 1990 78,024 1.62%® Sheriff 538 191 79,536 1. 4%n Land Authority 3 1992 80,968 1.80%® 193 81,766 0.99%® 1994 8 ,22 0. 9% AMBULANCESERVICE: Number o vehicles 17 Number of employees 50 Source: University of Florida Bureau of Economic Business Research POLICE PROTECTION: RECREATION:PARKS AND umber of stations 4 Number of parks& recreation facilities 26 Number of employees: Acreage Developed 54 Certified Law Enforcement 199 Acreage Undeveloped 116 Support Personnel 202 Correction Facility Personnel 137 Source: Department of Natured Resources, Bureau of Park Planning Source: Monroe County Sheriff's Department K--18 (Continued) MONROE COUNTY, FLORIDA MISCELLANEOUS STATISTICAL DATA — CONTINUED SEPTEMBER 30,1994 ELECTIONS: First Primary, September 8, 1994 Number of Registered Voters: Number of registered voters 38,643 Democrats 19,871 Number of voters 12,748 Republicans 15,970 Percentage of voter turnout 32.99% No Party Affiliation 3,,510 Libertarians 63 Independants 40 Other 60 Total �39,514 Source: Monroe County Supervisor of Elections HEALTH CARE: PUBLIC LIBRARIES: Medical Facilities Number of Beds Library Facilities 4 Lower Keys Health Systems- Library Holdings 185,852 Florida Keys Memorial Hospital 120 Book Mobile 1 DePoo Hospital 49 Fisherman's Hospital 58 Mariner's Hospital 42 Source: Agency for Health Care Administration ROAD MILEAGE: Office of Health Facility Regulation Paved streets: 353.2 Unpaved streets: 103.4 FIRE PROTECTION: Number of stations 10 Number of volunteers 323 K-19 C GREEN, P.A. CertifiedPublic Accountants 1438 KEN NE Y DRIVE P. G. BOX 1529 KEY WEST, FLORIDA 3,34 1-1529 MEMBER OF AMERICAN INSTITUTE WM. G. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE Board of County Commissioners Monroe County, Florida e have audited the general purpose financial statements of Monroe County, Florida (the "County") for the year ended September 30, 1994, and have issued our report thereon dated'March D, 1995. These general purpose financial statements are the responsibility of the County' s management. Our responsibility is to express an opinion on these general- purpose financial statements based on our audit. e conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office ofManagement and Budget Circular A-12 , "Audits of State and Local Governments. " Those standards and OMB Circular A-12 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and - disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates estimates made by management,, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion; Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements of the County taken as a- whole. The accompanying Schedules of Federal and State Financial Assistance are presented for purposes of additional analysis and are not a required part of the general purpose financial statements. Such supplemental schedules have been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, are fairly presented in all material respects in relation 'to the general purpose financial statements taken as a whole. Kemp & Green, P.A. Certified Public Accountants March D, 19 L-1 COUNTY,MONROE FLORIDA SCHEDULEF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER , 1 Federal Federal Grantor/Pass—Th rough Grantor CFDA Grant Balances Program Title Number ID Number October 1, 1993 apart ent of Health and Human Services Passed through State Department of Health and Rehabilitative Cervices and Dade & Monroe Counties Alliance for Aging: Transportation III-B 1993 13.633 KG351 $ (5,669) Nutrition C-1 1993 13.635 KG351 1,860 Nutrition C-11 193 13.635 KG351 2,111 Homemakers 111—D 1993 13.641 KG351 (894) Information & Referral Ill—B 1993 13.633 KG351 (200) Nutrition I11—F 13.635 KG451 —— Nutrition C-1 1994 1 .635 KG451 Nutrition C-11 1994 13.635 KG451 -- Homemakers IIID 1994 13:641 KG451 -- Information & Referral 111-81994 13.633 KG451 -- Title IV Disaster 93.668 D - 1 (1,321) USDA 1993 13.635 US351 -- USDA 1994 13.635 US451 Substance Abuse Treatment 93.003 K 33 5,469 Homeless Mentally 111 93.003 KH41 4,161 Passed through State Department of Community Affairs: Community Services Block Grant Grace Jones 93,031 93S -1 N-11-54-01-074 1,535 Total Department 7,052 Department of Housinq and Urbana Imp ent Direct Program: Community Development Block Grant 14.219 94DB-19--11 1--H05 -- Housing Authority — HUD Grant 14.174 9—HG-1 -0236 8,000 Housing Authority - HUD Grant 14.174 R90—HG-12-0236 6,788 Total Department 14,788 Department of the Interior Direct Program: Traffic Enforcement in Natural Key Deer Refuge 15.611 1416 49912 Total Department -- L-2 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds epterrrber 30, 1994 $ 46,725 $ 11,237 $ 63,631 $ - $ -- 124,847 20,335 143,322 -- 33,266 16,801 47,956 -- -- 4,317 571 4,943 839 6,561 698 6,672 787 - 5,794 796 7,462 -- 872 82,617 51,282 138,782 -- 4,883 82,438 44,572 134,886 -- 7,826 14,088 1,773 17,625 1,764 105,327 18,974 136,356 -- 12,055 41,521 =- 42,842 -- - 16,018 -- 16,018 -- 23,722 - 23,722 _- -- -- 237,727, -- 243,196 -- -- 87,957 -- 92,118 1,535 -- -- -- 588,776 167,039 1,1.09,851 1,626 362,714 179,106 -- 134,826 -- (44,280) 8,000 - 8,500 -- 1,011 -- (701) 195,606 -- 135,837 -- 144,981} 40,000 -- 40,000 -- -- 40,000 -- 40,000 -- - The accompanying notes are an integral part of this schedule, L-3 (Continued) COUNTY,MONROE FLORIDA SCHEDULEF FEDERAL I I L ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER , 1 Federal Federal r tor/ ass—Th rough Grantor CFDA Grant Balances Program Title Number ID Number October 1 199 Department of the Justice Passed through Department of Community Affairs: Anti—Drug Abuse Pretrial- 1-993 16.579 3-CJ-7 -11-5 -01-®059 18,377 Anti—Drug Abuse D.A.P.E. — 1993 16.579 92—CJ-79-11- 4-01-061 26,012 Anti—Drug Abuse Administration — 1993 16.579 3— J-7 -11-5 -01-06 2,537 Anti-Drug Abuse Drug Recovery — 1993 16.579 93—CJ-7 -11— 4-01-060 5,746 Anti—Drug Diversion &Treatment — 1994 16.579 94—CJ—lZ-11-54-01—1 2 -- Anti-Drug Abuse D.A.R.E City of Key West — 1994 16.579 94-CJ-1Z-11-54-01-131' — Anti— rug A s D.A. . — 1994 16.579 94—CJ—lZ-11-54-01-121 -- Anti—Drug s Administration — 1994 16.57 94-CJ-1Z-11-54-01-13 Anti— rug Abuse Drug Recovery — 1994 16.579 94—CJ-1Z-1 1—54-01—122 High Intensity Drug Trafficking Area (HIDTA) (None 91 HJCXK034 114,543 High Intensity Drug Trafficking Area (HIDTA) None 93HJH3KO39 7,54 High Intensity Drug Trafficking Area(HIDTA) None 94HJ14KO01 -- High Intensity Drug Trafficking Area (HIDTA) None 93HJCXK001 — High Intensity Drug Trafficking Area (HIDTA) None 94HJ1 KO17 -- High Intensity Drug TraffickingArea (HIDTA) None HJ14KO16 -- Total Department 174,761 Department of Labor Passed through National Council on the Aging, Inc.: Senior Community Service Project 1993 17.2 —4 —3-00-81-55-12 37, 32 Senior Community Service Project 14 17.2 457-4-0 -81-55-12 -- Passed through South Florida Employment&Training Consortium: JTPA Intake Title IIA 1992 17.2 2—PY'92-47-00 12,005 JTPA Intake Title IIA 1993 17. —P -33-00 10,504 JTPA Intake Title IIA 1994 17.2 —PY' —47- 1 -- JTPA Liasion 1992 17.2 2"-PY' 2-3 —00 938 JTPA Liasion 13 17.2 2—PY'93-34-00 7,679 JTPA Liasion 199417.2 2—PY'94-30-00 -- JTPA Title 11 B 1993 17.2 2 —93-1 -01 10,808 JTPA Title II B f94 17.2 —94-24-00 -- JTPA Title IIC 13 17.2 2C—PY'9 -24-00 6,80 JTPA Title IIC 194 17.2 2C- Y'94-02-00 -- Total Department 86,168 L-4 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds,_ September 30, 1994 18,377 -- -- -- -- 26,012 -- -- --2,029 508 -- -- -- 5,746 -- -- _- 38,377 17,3$4 69,537 -- 13,776 11,761 7,365 29,462 -- 10,336 43,106 18,241 72,965 -- 11,618 821 2,311 9,246 -- 6,114 21,239 7,515 30,060 -- 1,306 401,505 -- 426,961 -- 139,999 104,593 -- 161,$32 -- 64,785 653,189 -- 747,980 - 94,791 45,280 - 80,228 -- 34,948 115,000 -- 77,335 -- (37,665) 61,755 -- 88,174 -- 26,419 1,548,790 53,324 1,793,780 -- 366,427 188,661 25,969 177,198 -- -- 20,604 8,0.88 68,723 -- 40,031 12,005 -- -- -- -- 37,345. -- 38,256 -- 11,415 -- 13,254 -- 13,254 __ -- -- -- 938 32,062 -- 27,452 -- 3,069 -- -- 6,812 -- 6,812 10,808 -- -- -- - 110,060 -- 35,258 25,198 24,705 -- 25,532 -- 7,629 -- -- 7 619 - 7,619 336,250 34,057 _ 400,104 -- 115,965 The accompanying notes are an integral part of this schedule. L-5 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 1994 Federal Federal Grantor/Pass-Through Grantor CFDA Grant Balances Program Title Number ID Number October 1, 1993 Department of Transportation Direct Program: Key West AIP-06 20.106 3-12-0037-06 51,568 Key West AIP-07 20.106 3-12-0037-07 75,959 Key West AIP-08 20.106 3-12-0037-08 17,236 Marathon AIP-08 20.106 3-12-0044-08 20,448 Marathon AIP-09 20.106 3-12-0044-09 385,815 Marathon AIP-10 20.106 3-12-0044-10 -- Marathon AIP-11 20.106 3-12-0044-11 30,633• Total Department 581,659 Federal Emergency Management Agency Passed through State Department of Community Affairs: Hurricane Andrew Recovery 83.516 93—EO-1R-11-54-01-091 1,958 March 93 Storm 83.516 94—EO-3T-11-54-01-231 10,415 Radiological Emergency Preparedness 1993 83.505 93—EP—iC-11-54-10-002 (28,489) Radiological Emergency Preparedness 1994 83.505 94—EP-1C-11-54-10-002 -- Total Department. (16,116} Department of Commerce Direct Program: Cesspool Identification &Elimination Project 11.419 94—OS-72-11-54-01-015 -- Economic Strategy Adjustment Plan 11.307 04-59-03950 17,667 Total Department 17,667 U.S. Environmental Protection A ency Direct Program: ADID Program 66.461 CDO04958-91-0 11,146 Total Department 11,146 Total Federal Financial Assistance $ 877,125 L-6 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds September 30, 1994 49,818 21,1 (26) 19,426 -- 66,084 44,928 54,200 19,147 -- 8,804 88,041 -- 96,473 15,805 12,333 7,690 1,799,804 1,420,672 3,088,417 -- 253,756 1,124,522 141,555 1,415,545 -- 149,468 105,765 29,502 295,021 -- 190,387 3,161,798 1,678,944 4,948,888 19,426 709,231 1,958 -- _ 13,752 3,337 -- -- -_ -- 28,489 -- 112,158 87,348 -- (24,810) 127,868 -- 90,685 28,489 (24,810) -- 84,818 -- 84,818 66,990 107,333 -- 58,01 66,990 192,151 - 142,828 11,146 11,1 -- -- -- 6 077 224 1,933,364 8,711,296 49 541 1 627 374 The accompanying notes are an inter of this schedule. L-7 MONROE COUNTY, FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30, 1994 Grant Balances Program Title ID Number October 1, 1993 Florida Department of Health an Rehabilitative Services Direct Program: Community Care for Disabled Adults 1994 KG-178* 32,586 Community Care for Disabled Adults 1995 KG-191* -- Child Support Enforcement 1994 013* — Child Support Enforcement 1995 033*EMS County Award 1.992 M2357 (20,000) MS County Award 1992 M2359 (2,112) EMS County Award 1992 M2360 (539) EMS County Award 1992 C9144 (254) EMS County Award 1993 C244 (57,055) EMS County Award 1994 C9344 EMS Matching Grant 1993 M591 (125,820) EMS Matching Grant 1994 M3313 -- Pass through Dade & Monroe Counties Alliance for Aging: lzheimer's Disease Initiative — 1994 K 397 (3,26 ) Alzheimer's Disease Initiative - 1995 KG497 -- Community Care for Elderly 1994 KG351E (12,923) Community Care for Elderly 1995 KG451E -- Total Department (19,379) Floridaepa en Community Affairs Direct Program: Emergency Management Assistance 93EM-1 D-1 1—54-10-04026,120 Emergency Management Assistance 94E —3W-1 1—54-10-043 -- Emergency Management Base Grant 94—EO-4 —11— 01-044 Stipulated Settlement Agreement 92—CA-58-11— —01-652 61,750 Recreational L.O.S. Standards 4—CT-73- 3-3A— 1-002 -- Elderly Homeowner Rehabilitation Program 94HA-37-11-54- 1-003 -- Total Department 87, 70 Florida Department of Natural Resources Direct Program: Derelict VesselRemoval—City of Key West C8036 53,100 Channel Marking Plan C8200 20,000 Boating Improvement Program — Duck Key#2 C7830 2,37 Derelict Vessel Program 1993 C76 56,900 Derelict Vessel Removal 091314 C8272 2,600 Derelict Vessel Removal 091246 C8270 3,000 Derelict Vessel Removal 091184 C8271 580 L— *Includes State Grants and Aids Appropriation Monies Matching Contributions and Cash Miscellaneous Balances e dips Revenues Refunds e terra r 3 , 1 121,820 15,998 $ 105,232 -- $ 6,653 3,357 33,354 -- 23,344 51,390 -_ 1,601 3,203 510 -- -- - 539 -- -- 254 -- -_ __ 22,537 -- (34,518) 54,434 _- _- -- (54,434) (125,820) 41,3 -- -- -- (41,343) 19,564 22,403 423 -- ,591 _ - 9,895 -- 304 421,901 114,843 549,651 -- (16) 1,15,273 55,172 205,840 -- 35,395 790,579 222,361 1,003,759 1,472 (197,088 26,1 -_ -- -- - 28,615 __ 28,615 -- -- 67,587 -- 67,587 1,7 _ __ _- 2,160,849 176,472 352,944 -- (1,984,377) 30,000 62,681 -- 32,681 2,278,719 176,472 511,827 -- (1;855,494) 53,1 -- -- 60,000 40,000 -- -_ 2,347 56,900 2,600 3,000 580 The accompanying notes are an integral part of this schedule. L-9 (Continued) COUNTY,MONROE FLORIDA SCHEDULEF STATE FINANCIAL l T - CONTINUED FOR THE YEAR ENDED T Grant l ces rora Title ID Number October 1, 1993 Cow Key Channel #16 C24 2,417 Derelict Vessel Removal 091381 C353 13,500 Derelict Vessel Removal 09139 C351 1,867 Derelict Vessel Removal 091340 C8354 4,200 Sombrero e h/Switlik Park C8368 -- Derelict Vessel Removal 091321 C 352 1,000 Tavernier Creek#5 C8349 1,500 Cudjoe Key Channel #16 C 356 2,590 mmerland Key—No Wake Signs -- Tavernier Creek #6, 7, 8, 14 C8420 — Indian Key Channel Marking C8455 — Special Waterway Projects Program LE- 08 — Derelict Vessel Removal 09142 -- Derelict Vessel Removal 0917 B94023 -- Derelict Vessel Removal 09147 C35 —— Derelict Vessel Removal 091521 B94030 -- Alien Vessel Removal -- Cooperative Waterway Projects LE-010 -- Derelict Vessel Removal Phase 11 C173 —— Derelict Vessel Removal C38 —— Total Department 165,601 Florida Department of State Direct Program: State Aid to Libraries - 94—ST-23 -- Photograph Preservation II-10 (3,531) Total Department (3 531) Florida rt ant o iren ante! el tion Direct Program: Litter& Marine Debris Grant LM94-44 Solid Waste Recycling &Education 199 93-41 74,742 Solid Waste Recycling &Education 1994 RE9 -42 -- Waste Tire 1993 93-41 20,960 Waste Tire 194 94-4 - - Mosquito Control to Tire MT93-40. 6,782 Total Department 102,484 Floridant of Traq�i tion Direct Program: Long Range Transportation Plan 6596618 15,255 Travel Time Study 6596618 —— Card Sound Road Reconstruction 6126749Highway Beautification 6610690 11,188 L-10 Matching Contributions Cash Miscqllaneous Balances - Receipts Revenues pen itureRefunds _ September 30, 1994 2,41713,500 -- __ -- -- 1,867 4,200 -- - -- - -- 13,448 26,895 -- 13,447 1,000 - -- - -_ 1,500 2,590 - - -- 9,200 -- 9,200 - - - 3,675 -- 3,675 - -- 7,820 -- 7,820 - - - 7, 20 -- 7,820 - -- 2,345 -- 2,345 -- 3,200 -- 3,200 6,916 -- 6,916 -- -- - -- 11,900 11,900 -- - - 11,323 11,323 3,920 -- 6,420 -- 2,500 289,338 550,000 260,662 -- -- 68,241 - 68,241 505,775 13,448 755,755 -- 402,133 124,747 -- 124,747 -- -- -- - 3,531 -- -- 124,747 -- 128,278 -- -- -- -- 9,582 9,582 119,973 -- 45,231 -- 15,857 -- 171,401 -- 155,544 32,233 11,273 - 14,130 56,713 -- 42,583 16,711 -- 8,769 1,160 -- 198,904 - - 302,969 1,160 207,709 42,400 20,855 48,0 -- - -- -- 5,775 - - 5,775 488,295 2,657,703 3,369,503 - ® 23,505 21,750 10,561 21,123 -- -- The accompanying notes are an integral part of this schedule. L--11 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 1994 Grant Balances Program Title ID Number October 1, 1993 Hurricane Andrew Recovery 6119606 307,110 Key West Airport 6826657 3,150 Key West Airport 6826668 145 Key West Airport 6826662' (3,449) Key West Airport, 6826642 (2,864) Key West Airport 6826695 18,786 Key West Airport 6826679 (2,475) Key West Airport 6826630 11,902 Key West Airport 6826694 —— Key West Airport 6866697 -- Key West& Marathon Airport 6826762 1,880 Key West& Marathon Airport 6826682 -- Marathon Airport 6826700 (1,836) Marathon Airport 6826717 24 Marathon Airport 6826666 116 Marathon Airport 6826747 201,348 Marathon Airport 6826631 (51,411) Marathon Airport 6826703 5,073 Marathon Airport 6826706 3,650 Marathon Airport 6826770 475 Marathon Airport 6826754 304 Marathon Airport 6826769 -- Total Department 518,368 South FL Water Management District Direct Program: ,Stormwater Management Ordinance C90-1414 -- Wildlife Pond Aeration C91-2625 (88) Total Department (88) Total State Financial Assistance $ 681,325 L-12 Matching Contributions d Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds Septer bei 30, 1994 307,110 - --- -- -- ,150 23, 53 23,453 -- -- 62 1,091 1,208 -- -- 3,785 7,235 14,469 -- -- 14,362 22,922 45,845 5,697 31,58 12,812 25,624 - -- -- 2,475 4,950 -- -- 22,434 22,464 44,92B 11,932 -- 1,95 1,955 -_ - - 216 432 -- 216 1,880 11,647 23,293 -- 11,646 14,651 43,258 86,516 - 28,607 610,792 825,486 1,650,973 -- 212,856 22,752 27,584 55,168 _- 4,856 116 -- -- _- 724,770 -789,002 1,578,003 -- 265,579 131,483 262,966 80,072 5,073 -- -_ 9,720 6,297 12,594 227 475 3,866 7,71 -- 3,865 304 -- -- 2,524� 2,524 5,048 2,328,203 4,624,889 7,289,557 __ 854,833 34,621 -- 35,935 1,814 -- _- -- 88 -- 34,621 -- 35,935 88 1,314 6,261,548 5,037,170 10,0 ,080 _ 2,720 (586,593) The accompanying notes are an integral part of this schedule. L-13 MONROE COUNTY FLORIDA NOTES TOSCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE SEPTEMBER 30 1994 NOTE I. - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and the presentation of the Single Audit Report of Monroe County, Florida (the "County") have been designed to conform to generally accepted accounting principles as applicable to governmental units, including the reporting and compliance requirements of the Single Audit Act of 1984 and Office of Management and Budget Circular A-128, Audits of State and Local Governments (A-128) . Reporting Entity - The Single Audit Act of 1984 and Circular A-128 set forth the audit and reporting requirements for federal financial assistance. The County has included schedules of both federal and state financial assistance in the Single Audit section. Financial assistance received directly from the State of Florida is included to satisfy the audit requirements of the State of Florida grantor agencies. Basis of Accounting ' - Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The modified accrual basis of accounting is followed in the Schedules of Federal and State Financial Assistance. Under the modified accrual basis of accounting, revenues are recognized in the accounting. period in which they become both measurable and available to finance expenditures of the current period. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the related liability is incurred. In applying the susceptible-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 on 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 criteria. NOTE 2 - CONTINGENCIES Grant monies received and disbursed by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the County does not believe that such disallowances, if any, would have a material effect on the financial position of the County. As of March 8, 1995 there-were no material questioned or disallowed costs as a result of grant audits in process or completed. L-14 MONROE COUNTY FLORIDA NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE SEPTEMBER 30 1994 NOTE 3 - MAJOR GRANTS These programs represent Major Grants of the County for the fiscal year ended September 30, 1994 as defined by OMB Circular A-12 . The percentage of federal expenditures for major grants is computed as ,follows: Total Expenditures 8,711,296 Less. Matching Portions 1,933g36 Total Federal Expenditures $ 6,777, 32 Federal Expenditures of Major Programs® Airport, CFDA 20. 16 $ 3,269, 44 Metropolitan High Intensity Drug Trafficking Area, no CFDA 1,582,510 Nutrition, CFDA 13.635 378312 Substance Abuse Treatment and Homeless Mentally 111 , CFDA 93.003 325,684 $ ,556,45 Percentage of Major to Total Federal Expenditures 82.0% L-15 KEMP & GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. O. KEMP, C.P.A. (3105) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REOUIREMENTS APPLICABLE TO FEDERAL FINANCIAL ASSISTANCE Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida, as of and for the year ended September 30, 1994, and have issued our report thereon dated March 8, 1995. We have applied procedures to test Monroe County, Florida's compliance with the following requirements applicable to each of its federal financial assistance programs, which are identified in the Schedule of Federal Financial Assistance, for the year ended September 30, 1994: Political Activity Davis-Bacon Act Civil Rights Cash Management Federal Financial Reports Allowable Costs/Cost Principles Drug-free Work Place Act Administrative Requirements Our procedures were limited to the applicable procedures described in the Office of Management and Budget's Compliance Supplement for Single Audits of State and Local Governments. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the County's compliance with the requirements listed in the preceding paragraph. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the second paragraph of this report. With respect to items not tested, nothing came to our attention that caused us to believe' that the County had not complied, in all material respects with those requirements. However, the results of our procedures - disclosed immaterial instances of noncompliance with those requirements, which are described in the accompanying Schedule of Findings and Questioned Costs This, report is intended for the information of the Board of County Commissioners,, management and others within the County, and officials of applicable federal and state agencies. However, this report is a matter of public record and its istribution is not limited. emp & G een, P.A. Certified Public Accountants' March 8, 1995 L-16 GREEN, P.A. Certified Public Accountants 1435 KENNE Y DRIVE P. O. BOX 159 KEY WEST, FLORIDA 3304 1-1 529 MEMBER OF AMERICAN INSTITUTE WM, O. KEMP, C.P.A. (305) 294-25 1 ' AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Board of County Commissioners Monroe County, Florida e have audited the general purpose financial statements of Monroe County, Florida, as of and for the year ended September 30, 1994, and have issued our report thereon dated March 8; 1995, We have also audited Monroe County, Florida's compliance with the requirements governing types of services allowed or unallowed; eligibility; matching, level of effort or earmarking; reporting; ` claims for advances and reimbursements; amounts claimed or used for matching; cost allocation; and special requirements that are applicable to each of its major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, for the year ended September 30, 1994. The management of the County is responsible for the County's compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit' of compliance with those requirements in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and OMB Circular A-�12 , `°Audits of State and Local Governments. " Those standards and OMB Circular -128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about the County's compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the County complied, in all material respects, with the requirements governing types of services allowed or unallowed; eligibility; matching, level of effort or earmarking; reporting; claims for advances and reimbursements; amounts claimed or used for matching; cost allocation; and special requirements that are applicable to each of its major federal financial assistance programs for the year ended September 30, 199 . This report is intended solely for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Kemp & Green, P.A. Certified Public Accountants March 8, 1995 L-17 KEMP !Ed GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE WM. O. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX .# (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH'SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida, as of and for the year ended September 30, 1994, and have issued our report thereon dated March 8, 1995. In connection with the audit of the general purpose financial statements of Monroe County, Florida, and with our consideration of Monroe County, Florida's control Structure used t0 administer federal financial assistance programs, as required by Office of Management and Budget Circular A-128, "Audits of State and Local Governments," we , selected certain transactions applicable to certain nonmajor federal financial assistance programs for the year ended September 30,. 1994. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or unallowed; el-igibility; claims for advances and reimbursements amounts claimed or used for matching; cost allocation; and, special requirements that are applicable to those transactions. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on Monroe County, Florida's compliance with these requirements. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that Monroe County, Florida- had not complied, in all material respects, with those requirements. This report is intended for the information of the Board of County Commissioners, management and others within the County, and officials of applicable federal and state agencies. However, this report is a matter of public record and Ats distribution is not limited. Kemp & Green, P.A. Certified Public Accountants March 8, 1995 L-18 .., y Certified Public Accountants 1438 KENNEDY DRIVE P. O. BOX 129 KEY WEST, FLORID a3041-1529 MEMBER OF AMERICAN INSTITUTE WM. b. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO STATE GRANTS AND AIDS APPROPRIATIONS Board of County Commissioners Monroe County, Florida e have audited the financial statements of Monroe County, Florida (the County) as of and for the year ended September 30, 1994, and have issued our report thereon dated March B, 1995. e conducted our audit in accordance with generally accepted auditing standards and 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 o material misstatement. Compliance with laws, regulations, contracts and grants applicable to the County is the responsibility of the County's management. As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of the Couny's compliance with certain provisions of laws, regulations, contracts, and grants applicable to state grants and aids appropriations identified in the Schedule of State Financial Assistance, pursuant to Section 216.349, Florida Statutes, and Chapter 10.600, Rules of the Auditor General . However, the objective of our audit of the financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. The results of our tests indicate that, with respect to items tested, the County complied, in all material respects with the provisions referred to in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those provisions. This report is intended for the information of the Board of County Commissioners, management, and officials of applicable state and federal agencies. This restriction is not intended to limit the distribution of this report, which is a matter of public record. d-- Kemp & Green, P.A. Certified Public Accountants March 8, 1995 L-19 KEMP 1& GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 33041-1529 MEMBER OF AMER11CAN INSTITUTE WM, 0. KEMP, C.P.A. (305) 294-2581 AND F,LORI!DA INSTITUTE OF MARVA E. GREEN® C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS INQEPENQEffL—ANC IIQRjL--RERORT ON' THE INTERNAL CONTROL STRUCTU_REU.SED 1:81 ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS Board of County Commissioners Monroe County, Florida We have audited the general purpose financial statements of Monroe County, Florida (the "County") as of and for the year ended September 30, 1994 and have issued our report thereon dated March 8, 1995. We have also audited the County's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated March 8, 1995. We conducted our audits in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget Circular A-128, "Audits of State and Local Governments." Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement and about whether the County complied with laws and regulations, noncompliance with which would be mater,ial to a major federal financial assistance program. In planning and performing our audits for the year ended September 30, 1994, we considered the County"s internal control structure in order to determine our auditing procedures for the purpose of expressing our opinions on the County's general purpose financial statements and on its compliance with requirements applicable to major programs and to report on the internal control structure in accordance with OMB Circular A-128. This report addresses our consideration of internal control structure policies and procedures relevant to compliance with requirements applicable to federal financial assistance programs. We have addressed internal control structure policies and procedures relevant to our audit of the general purpose financial statements in a separate report dated March 8, 1995. The management of the County is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted , accounting principles, and that federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in an internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject tothe L® is that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal financial assistance programs in 'the following categories® Cycles of the Entity's Activity Revenues/Cash Receipts • Expenditures/Cash Disbursements • External Financial Reporting • Payroll/Personnel Controls Used in Adminis ter nq Individual Federal Financial Assistance Programs General Requirements Political Activity ® Davis-Bacon Act • Civil Rights • Cash Management Federal Financial Reports Allowable Costs/Cost Principles Drug-free or Place Act Administrative Requirements Specific Reguirements Types of Services Eligibility -Matching, Level of Effort or Earmarking Reporting Cost Allocation Claims for Advances or Reimbursements Amounts Claimed or Used for Matching Special Requirements, if any For all of the internal control structure categories listed above, ,we obtained an understanding of the design of relevant policies and procedures and determined whether they have been placed in operation, and we assessed control risk. During the year ended September 30, 1994, The County expended 82% of its total federal financial assistance tinder major federal financial assistance programs. We performed tests of controls, as required by OMB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we considered relevant to preventing or detecting material noncompliance with specific requirements, general requirements, and requirements governing claims for advances and reimbursements and amounts claimed or used for matching that are applicable to each of the County's major federal L-21 financial assistance programs, is are identified in the accompanying Schedule of Federal Financial ssistance® Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an inion® A material weakness is a reportable condition in is the design or operation of one or more of the internal control structure elements does not reduce to a relatively to level the risk that noncompliance with laws and regulations that ' would be material to a federal financial assistance program may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions® Our consideration of the internal control structure policies and procedures used in administering federal financial assistance would not necessarily disclose all matters in the internal control structure that might be reportable conditions, and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses as defined above® However, we noted no matters involving the internal control structure and its operation that we consider to be material weaknesses as defined above. We also noted other matters involving the internal control structure and its operation that we have reported to the management of the County in a separate letter dated March 8, 1995. This report is intended for the information of the Board of County Commissioners, management, and officials of applicable federal and state agencies. However, this report is a matter of public record and its distribution is not limited. q4- Kemp & Green, P.A. Certified Public Accountants March 8, 1995 ® 2 MONROE COUNTY, FLORIDA SCHEDULE OF FINDINGS-AND-MfjiiRM—COSTS FOR THE YEAR ENDED SEPTEMBER 30, 1994 Questioned Program Finding/lion Compliance Costs All prior year findings and questioned costs were resolved with the exception of the following: ALJrR'ort Improvement Program - Federal 1. Grant Nos. 3-12-0044-09 No or contracts selected between the 3-12-0037-07 County and its Vendors contained provisions requiring compliance with the Clean Air Act, the Clean Water Act or Environmental Protection Agency regulations, as required for contracts over $100,000. We reviewed four contracts selected from the prior year sample and noted no amendments for the above provisions. Current Year Findinas None. L-23 THIS PAGE INTENTIONALLY LEFT BLANK i