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Fiscal Year 1993
Monroe County, 'Florida. Comprehensive Annual Financial Report 'Year Ended September 30, -1993 The front cover is a sketch of Kev Veer which is the smallest of all white-tailed deer, "these deer inhabit Big Pine fey and srrrrnrrn lng Key areas. They are riot found anywhere else in the world. The Ivey Deer is one of twenty-two endangered species in the Florida Keys, ONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER 30, 1993 SANDRA CARLILE FINANCE DIRECTOR PREPARED BY: THE CLERK OF CIRCUIT COURT FINANCE DEPARTMENT COVER ART SKETCH COURTESY OF ANN IRVINE, KEY WEST ARTIST MONROE COUNTY, FLORIDA COUNTY OFFICIALS JACK LONDON CHAIRMAN SHIRLEY FREEMAN WILHELMINA HARVEY COMMISSIONER COMMISSIONER EARL CHEAL MARY KAY REICH COMMISSIONER COMMISSIONER THOMAS BROWN DANNY L. KOLHAGE COUNTY ADMINISTRATOR CLERK OF THE COURT AND CHIEF FINANCIAL OFFICER MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30,1993 TABLE OF CONTE NTS PAGE INTRODUCTORY SECTION Certificate of Achievement for Excellence in Financial Reporting...............-......................... ................ A-1 Transmittal Letter of the Clerk of the Circuit Court.............I................. ................ ................ A-2 OrganizationalChart................................ ............................................... .......... ....... A-17 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......... ......--................... .........I.... C-5 Combined Statement 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 — AllProprietary Fund Types............ ............... .............. ...--...... .................. .............................. C-11 Combined Statement of Cash Flows — All Proprietary Fund Types....................................................... C-12 Notes to Combined Financial Statements............ ....... .............. ..........--........-.. C-14 COMBINING,INDIVIPUAL 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-9 Statements and Schedules of Revenues,Expenditures and Changes in Fund Balance ®Budget and Actual: CDBG Housing Rehabilitation............. ........... .................. ...... ......................................... E-17 Fineand Forfeiture....................... .............. ......--.................. ................... ...................... E-18 Roadand Bridge............—.—................... .............................. ........... ...................... .......... ....... ..... E-19 LawLibrary.... ............... ........................... ............................ ............... ............................... E-21 Tourist Development,Two Cent, District One.......................... ....... ................. ............... ................ E-22 Tourist Development,Two Cent, District Two................... ........................ ..............................---- E-23 Tourist Development,Two Cent, District Three............-............ .............. ............ ........ .................. E-24 Tourist Development,Two Cent, District Four.............. ............ .....--........ ................--................ E-25 Tourist Development,Two Cent, District Five............................................................... ........... .......- E-26 Tourist Development,Two Cent,Administrative and Promotion........................................................ E-27 Tourist Development,Three Cent, District One........ ............. ........... ................................... ...... E-28 Tourist Development,Three Cent, District Two....................... ...... ................... ......... .....--....... — Tourist Development,Three Cent, District Three............... ............. .......--........................--....... — Tourist Development,Three Cent, District Four........ ................... ................... ................................ E-31 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30" 1993 TABLE OF CONTENTS — CONTINUED PAGE ' TouristOevekopnaent,ThnemOentDkstrictFive--------------------------- E-32 Fire and Ambulance, Dhstrict#t Lower and Middle Keys---------------------. E-33 Fire and Ambulance, District#5.Tmvmnnier. ...................................................................................... E-36 Fire and Ambulance, District#6. Key Largo....................................................................................... E-86 Translator System Service District--------------------------------- E-37 Special Road District—Cross Key Waterway Estates.......................................................................... E-38 Special Road District—Venetian Drive............................................................................................... E-39 Mariners Hospital Special Taxing District........................................................................................... E-40 Unincorporated AneaServioeDhtrict— Planning.BuildingandZoning-----.--------- E-41 Unincorporated Area Service District— Parks and Recreation ------------------- E-43 |mpaotFaea — RomUwayo -------------------------------------- E-44 Impact Fees — Parks and Recreation................................................................................................. E-45 |mpmntFemo — Libnahew---------------------------------------. E-46 ImpactFees — Solid Waste................................................................................................................. E-47 |nmpautFeem — Police Facilities........................................................................................................... E-48 911 Enhancement Fee ---------------------------------------- E-48 DuckKey Security District................................................................................................................... E_50 Local Housing Assistance................................................................................................................... E-51 Upper Keys Health Care Special Taxing District................................................................................. E-52 Comprehensive pkmn Land Authority................................................................................................... E-53 Debt Service Funds CombiningBalance Sheet....................................................................................................................... F-1 Combining Statement of Revenues,Expenditures and Changes in Fund Balances.............................. F—O Combining Statement of Revenues,Expenditures and Changes in Fund Balances— Budgetand Actual............................................................................................................................... P—D Combining Balance Sheet.--------------------------------------- G—i 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 CombiningBalance Sheet....................................................................................................................... H-1 Combining Statement of Revenues,Expenses and Changes in Fund Equity........................................ H-5 Combining Statement nf Cash Flows....................................................................................................... H-7 Schedule of Expenditures— Budget and Actual: Municipal Service District Waste......................................................................................................... H-11 CardSound Bridge............................................................................................................................. H-12 MarathonAirport.................................................................................................................................. H-13 Key West Airport.------------------------------------------. H-14 Refunding Improvement Revenue Bonds—Series 10Q1 — Description................................................ H-15 Refunding Improvement Revenue Bonds— Series 1Q91 — Debt Requirements toMaturity................. H-16 Improvement Revenue Bonds— Series 1QQ3 — Description.................................................................. H-17 Improvement Revenue Bonds — Series 1QQ3 — Debt Requirements to Maturity................................... H-18 MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1993 TABLE OF CONTENTS — CONTINUED PAGE Internal Service Funds CombiningBalance Sheet....................................................... ......................... ..................................... H-19 Combining Statement of Revenues,Expenses and Changes in Fund Equity....................—........___ H® Combining Statement of Cash Flows................. ......._................. ........................ ........... ................ H-21 Schedule of Expenditures — Budget and Actual Worker's Compensation Fund................... ...__....._...........................__........ ....................... .......... H-23 Group Insurance Fund............................. ....................... .............. ................... .................... .......... H-24 RiskManagement Fund................. .................. ............ ............... ............ .......................... H-25 FIDUCIARY FUNDS AND ACCOUNT GROUPS: Fiduciary Funds CombiningBalance Sheet.......... ............... ........................ ............................ .......... ............ Combining Statement of Revenues,Expenditures and Changes in Fund Balances — ExpendableTrust Funds........................___....... ........__............. .........__................................. 1-3 Combining Statement of Changes in Assets and Liabilities — All Agency Funds................................... 1— Statements of Revenues,Expenditures and Changes in Fund Balance — Budget and Actual: Law Enforcement Trust... ....... ................ ............................. ...............................___.......................... 1-7 DrugAbuse Trust...................................... ......__.................. ................ .............. .........__ 1-8 Shared County and State Health Care Program........................... ............... .................. ..................... 1— CourtFacility Fees............................................................... .............. ..................................... ........ 1-10 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 Debt Account Group 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..... ...... ...... ......... ........ ....... K-7 Property Tax Rates — Direct and Overlapping Governments... ...... ................... ...... ............ ..._ K-8 PrincipalTaxpayers..................... ........................... .......................................................... ......... K-9 (Continued) MONROE COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1993 TABLE OF CONTENTS — CONTINUED PAGE Debt Related Statistical Data Ratio ofNet General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita..................... K-10 Computation of Direct Underlying and Overlapping Debt-----------------.------. K-11 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Government Expenditures K-12 Schedule of Revenue Bond Coverage— Municipal Service District Waste............................................ K-13 General Statistical Data Schedule ofInsurance Companies.--------.----------..-----------..---.— K-14 Schedule of Insurance Agencies-----..—.—..—....—.—.-------------..---.--....-- K-15 Salaries and Surety Bonds mf Principal Offioials...--..--.—..--.---------.—.—.—.-----. K-16 Demographic Statistical Da1a--------------------------------------. K-17 Miscellaneous Statistical Da10-------------------------------------.. K-18 SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES Independent Auditors' Report on Supplemental Schedules of Federal and State Financial Assistance........................................................................................................................................... L-1 Schedule of Federal Financial Assistance............................................................................................... L-2 Schedule of State Financial Assistance................................................................................................... L-8 Notes to Schedules ofFederal and State Financial Assistance.............................................................. L-14 Independent Auditors' Report on Compliance with the General Requirements Applicable to Federal Financial Assistance........................................................................................................... L-1O Independent Auditors' Report on Compliance with Specific Requirements Applicable $o Major Federal Financial Assistance Programs................................................................................ L-17 Independent Auditors' Report on Compliance with Specific Requirements Applicable 10 Non Major Federal Financial Assistance Program Transactions.................................................... L-18 Independent Auditors'Report on the Internal Control Structure Used inAdministering Federal Financial Assistance Programs.............................................................................................. L-19 Schedule of Findings and Questioned Costs.......................................................................................... L-22 _ Uertif icate of Achievement for Excellence in Financial Reporting Presented to Monroe County, Florida For its Cornprehmsive Annual Financial Report for the Fiscal Year Ended September 30, 1992 A Certificate of Achievement for Excellence in Financial Rcportinq is presented by the Government hnam((2 Officels, Association of the United States and Canadc) to W-11tS and public employee retircilloill systems Whose comprehensive annual fill'1110,11 reports(CAF-Rs) achieve the highest standards in government accounting and financial reporting. Y"`LPN 46 Of HE NMOSTATES AND CANADA 19�\CORPORAWN President �,AJ 31 S Yt? Director A-1 THIS PAGE INTENTIONALLY LEFT BLANK 00UNr), zw ............. vtp BRANCH OFFICE CLERK 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)952-7145 L. (305)292-3550 March 28, 1994 The Honorable Jack London Chairman, Board of County Commissioners Monroe County, Florida Dear Mr. London: 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 Monroe County, Florida for the fiscal year ended September 30, 1993. This report was prepared by the Finance Department of the Clerk of the Circuit Court. The accompanying financial statements and statistical tables were prepared in conformance with standards set forth by: 1® The Government Accounting Standards Board 2® The American Institute of Certified Public Accountants and its Committee on Governmental Accounting and Auditing 3. The to Auditor, State of Florida 4. The Government Finance Officers Association of the United States and Canada Responsibility for of the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosure, rests with the Clerk of the Circuit Court as Chief Financial Officer of Monroe County. Ve believe the data as presented is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain a comprehensive understanding of the county's financial 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 in sections: introductory, financial, statistical and single audit. The introductory section consists of the prior year's Certificate of A-2 4 Achievement for Excellence in Financial Reporting, this transmittal letter and the Monroe County's 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 who is elected for 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 and 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-3 LQCAL!QQNQM1Q_EYENUS Monroe County was constitutionally formed in 1823. 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 mere ninety miles to the south. Tourism, a major industry in the Florida Keys, remains strong. Tourist tax revenues were up a hefty 14.4% overall for the year. Tourist taxes are collected by district. There are five such districts in Monroe County: Key West, Lower Keys, Marathon, Islamorada, and Key Largo. While each district posted a gain over the prior year, the Lower Keys District posted a stunning 26.8% increase. Further evidence of the importance of the tourist industry in Monroe County is that of the top ten taxpayers in the County, nine are hotels. Bank deposits showed a thirty six million dollar rebound over the prior year. This reversed a two year trend of falling deposits and is another optimistic indicator of the economic well-being of Monroe County. While property values continue to rise, new construction continues to fall. For the third straight year, new construction has declined. This is a result of growth management regulations and overall economic conditions. This trend is expected to continue as there are a limited number of building permits available. Unemployment in the Florida Keys continues low at 3.6%. This has traditionally been below both national and state averages. Monroe County posted a one percent increase in population growth during 1993. This is in line with expected figures and consistent with past history. MAJOR INITIATIVES FO THE YEAR: Construction on the Monroe County Detention Facility (approximately $30,000,000) on Stock Island was completed, although a few months past its originally scheduled completion date. Delays in final construction details and inspections added to the previous delays that were the result of Hurricane Andrew, causing the facility to be approximately five months behinds schedule. The detention facility opened in February of 1994 and has a potential for housing over five hundred inmates. Construction of the new $1,400,000 Clerk of the Court's Records Storage Facility was completed with a dedication held in September of 1993. Funding was from infrastructure sales tax revenues. A® A $1,500,000 Fleet Management Garage in Marathon was completed and dedicated in March of 1994. The facility is designed to service not only the fleet of vehicles and equipment directly under the Board of County Commissioners, but service will also be offered to the Sheriff's Office and ultimately to the District School Board. Funding for the project was from the infrastructure sales tax. Monroe County continues with an aggressive park development and improvement program funded mostly by the infrastructure sales tax. During this year, projects were planned and initiated for over $2,000,000. In addition, interlocal agreements were developed with the District School Board for the improvement and development of recreation facilities on the District School Board's property. Approximately $450,000 has been set aside, with the funds for all these projects coming from the infrastructure sales tax. Similarly, the County has ongoing road maintenance, drainage and bike path projects throughout its jurisdiction. During the year, approximately $1,500,000 in projects were planned and authorized with funds coming mostly from the County's annual operating budget for Public Works and impact fees. During this year, the County received a grant from the Florida Communities Trust for a total of nearly $6,000,000 to implement the County's Comprehensive Plan and to provide for much needed park land, especially in the Upper Keys area of the County. It was necessary for the County to match approximately $2,200,000 of that grant for the acquisition of park land. The funds have been identified and made available through the infrastructure sales tax. It is anticipated that at least five parcels of land will be added to the County's park inventory with development to start next year. Improvement of Card Sound Road was initiated under a$3,200,000 contract with a private firm. The project is designed to raise the level of Card Sound Road so that it can be utilized as a hurricane evacuation route in the event Monroe County is hit with a major storm. Anticipated completion date is June of 1994. Funds for the project are from impact fees and Card Sound Bridge revenues. Improvements to the Sheriff's Substation and Tax Collector's facility in Marathon will begin in August of 1994. The County has initiated construction in 1994 on a new terminal facility at the Marathon Airport. The approximate 19,000 square feet facility will cost nearly $8,000,000 and will provide a much more efficient operation and pleasant surroundings for the rapidly growing number of people who use that airport. Funding is approximately $4,300,000 from the Federal Aviation Administration, $1,800,000 from the Florida Department of Transportation,$1,000,000 from Passenger Facility Charges and $800,000 from the County. Completion of construction and dedication are anticipated in October of 1994. During the year, Monroe County concluded a new contract with Waste Management, Inc. for the haulout of solid waste. That contract is for a thirteen year period and will save the A-5 residential property owners approximately $6,000,000 during that time period based upon a comparison with present rates. A program recently instituted to mulch yard waste and make the product available free to County residents has been quite successful. The County is also soliciting competitive bids for the provision of curbside recycling services, which will be instituted during the coming year. The overall solid waste management program is designed to provide a wider range of services to the residents of Monroe County while keeping costs down. Another way this is done is in the present negotiation of contracts with the local haulers in the County. A reduction of districts from seven to three and the insistence of the county upon greater of should result in more cost savings to the citizens. Those contracts are expected to be signed by May of 1994 and implemented October of 1994. The County continues to evaluate options for disposal of sludge and will be considering those during the coming year. FQ LJHE_f_UTURE: The County continues to review and update its Capital Improvement Program based upon the one cent infrastructure sales tax. Maj or projects are in the design stages, which will be completed and bidding authorized during the next two years. The following is a list of the major developments anticipated: 9A computer facility on Stock Island which will serve to protect the County's primary computer systems in the event of a major storm. Preliminary estimated cost is approximately $1,200,000. OA new courthouse with improved and expanded facilities for the County judiciary in Key West, including administrative offices with preliminary estimates at approximately $5,700,000. Other improvements will include additional administrative offices for various parts of County government, including the Clerk of the Court. The project is being done in conjunction with other physical changes and improvement of space for any functions such as the Truman School improvement, which initially will house the Monroe County Tax Collector, with decisions still to be made on the balance of the space for other governmental purposes. Preliminary cost estimates are between $3,000,000 and $4,000,000 for that facility. A new Sheriffs building is planned for 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 $3,000,000. The building will provide for more of and effective administration of the entire Sheriff's responsibilities as well as improved emergency communications. *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. The approximate $5,700,000 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 tax. A-6 DEP kRTMENT FOCUS: MONROE COUNTY ANIMALM ELT ER' The Animal Control Department of Monroe County exists to provide service to the community in all areas of animal care and control. It offers specific programs aimed at protecting the public from dangers posed by animals as well as acting to protect animals from abuse or neglect by humans. In its mission of protecting the public from animal-posed dangers, Monroe County Animal Shelters provide an array of services aimed at prevention, intervention and follow-up. These programs include the following: *Vicious or dangerous dog investigations *Canine and feline bite cases -Control of animals that are dangerous to residents *Dead animal pick-ups In the arena of protecting animals from abuse and neglect, Monroe County Animal Shelter engages in a host of activities. Among these are: -Cruelty investigations *Removal of an animal when the owner is incarcerated or otherwise unexpectedly absent and unable to care for the animal Activities which are designed to protect both humans and animals are: oPick-up of canine strays *Nuisance complaints •Canine licensing It is of interest to note that annual rabies vaccination is a requirement for all canines and felines in the County. The Animal Control Shelter operates a successful adoption program. A wide array of media is utilized to advertise adoptable animals. Because of the layout of Monroe County, four shelter sites are operated. One is located in Key West, with satellites located in the Lower, Middle and Upper Keys areas. The Lower Keys site, Big Pine, transports animals weekly to the Key West site. The remaining sites are full service facilities. Together, these sites handle approximately 5,900 animals per year. Local support and collaboration with Friends of Animals, Boy Scouts of America and Girl Scouts of America, County departments and State agencies make the Animal Control program a successful one in Monroe County for animal and human residents alike. A-7 INTERNAL CONTROL STRUCTURE The internal control structure is designed to ensure that the assets of the County are protected from 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 of 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 County's accounting system, and make recommendations to management for improvement. This evaluation provides management with the assurance that their financial resources are being properly recorded and 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 CAFR. The results of Monroe County's single audit for the fiscal year ended September 30, 1993 showed no instance of material weaknesses in internal control and no significant violations of applicable laws and regulations. GENERAL GOVERNMENT The unreserved fund balance of the General Fund at September 30, 1993 was $11.8 million, representing an increase from the prior year of approximately $2.3 million. This increase indicates a strengthening in the economy. Total general government revenues collected by Monroe County during the past year amounted to $96 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. Taxes of$63.9 million comprised the largest general government revenue source. The second largest revenue category is intergovernmental revenues which includes a variety of state and federal shared grants-in-aid and amounts to $18.1 million. Charges for services comprises the third largest revenue source which amounts to $4.2 million. The remaining general government revenues are composed of $3.2 million for interest, $2.4 million for licenses and permits, $2.2 million for fines and forfeitures, and $1.8 million for miscellaneous revenues. A-8 The following graph illustrates a ten-year history of Monroe County's general government revenues: MONROE COUNTY FLORIDA GENERAL GOVERNMENT REVENUES Millions "120 xH Fines 80 , Charges ._... - - - -- .r, 1_. NAISC 60 Intergovt ' 20 , Ir" FYa4 FY85 FY86 PY87 FY6,8 FY39 FY1a0- FY91 FY92 FY93 Percent of Percentage Percentage Increase of Total of Total Revenue Source 1993 1992 (Decrease) 1993 1992 Taxes $63,936 $56,742 12.68 66.60 62.97 Licenses & Permits 2,422 2,285 6.00 2.52 2.54 Intergovernmental 18,172 16,927 7.36 18.93 18.78 Charges for Services 4,224 4,757 (11.20) 4.40 5.28 Fines & Forfeitures 2,215 2,218 (0.14) 2.31 2.46 Interest 3,204 5,052 (36.58) 3.34 5.61 Miscellaneous 1,833 2,130 (13.94) 1.90 2.36 TOTAL $96,006 $90,111 6.54 100.00 100.00 A-9 The previous schedule presents a summary of General, Special Revenue, Debt Service, Capital Projects, and Fiduciary Fund revenues for the fiscal years ended September 30, 1993 and 1992, and the amount and percentages of increases and decreases in relation to prior year revenues (dollars in thousands). The increase in taxes is primarily due to an increase in the millage rate for the Fine &Forfeiture Fund and the new levy for the medical equipment and new facilities of Mariner's Hospital and an increased. The Mariner's Hospital levy is due to be refunded to the taxpayers in fiscal year 1994. The interest decline is due to the lowest level of interest rates in a decade. The Marathon and Key West International Airports were transferred from the General Fund to two Proprietary Funds causing the major reduction in charges for services. Revenues collected by all fund types, including Governmental Funds previously listed as well as Proprietary Funds amounted to $125,284,327 which represents an increase of approximately $12.17 million or 1 .8% over the previous fiscal year. The largest source of revenue this year in the Proprietary Fund Types was charges for services amounting to approximately $22.5 million. 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, 1993 and 1992, and the percentage of change in relation to prior year expenditures (dollars in thousands): Percent of Percentage Percentage Increase of Total of Total Expenditure Function 1993 1992 (Decrease) 1993 1992 General Government $20,909 $20,957 (0.23) 20.40 22,34 Public Safety 34,332 31,649 8.48 33.50 33.74 Physical Environment 741 668 10.93 0.72 0.71 Transportation 4,175 5,924 (29.52) 4.07 6.32 Economic Environment 7,812 7,852 (0.51) 7.62 8.37 Human Services 5,720 5,309 7.74 5.58 5.66 Culture/Recreation 2,345 2,971 (21.07) 2.29 3.17 Debt Service 7,037 4,658 51.07 6.87 4.97 apit Outlay 19,404 13,803 40.58 18.95 14.72 TOTAL T $102,475 71 $93,791 9.26 100.00 100.00 A-10 The increase in debt service is primarily due to the payment of approximately $950,000 in principal from available internal resources as part of the defeasance of the Refunding Improvement Revenue Bonds, Series 1983. The majority of the increase in capital outlay is due to the construction on the new detention center facility. As in revenues the transfer of the Marathon and Key West International Airports from the General Fund to two Proprietary Funds caused the major reduction in the transportation expenditures. Expenditures for all fund types, including the Governmental Funds previously listed as well as the Proprietary Funds amounted to $127,763,011 which represents an increase of$13.2 million or 11.6% over the previous fiscal year. The following charts illustrate the proportion of revenues and expenditures attributable to the various sources and functions: MONROE COUNTY, FLORIDA TOTAL REVENUES FOR 1993 . .,. . % TAXES � CHANGES FOR SERVICE'S ad ' MISCELLANEOUS INMRGOVERNMENTAL LiCr - ._. ..._4r.5/ H a...._..... 4% - MONROE COUNTY, FLORIDA TOTAL EXPENDITURES FOR 1993 GENERAL GOVERNMENT i nn 01 HUl N S5RVICES "r :` ' '-A PITAL OUTLAY MONOMIC ENVIRONMENT PUBLIC SAFETY . DEBT SERVICE INTERNAL SERVICE i ENTERRFitSE F 4 i i 4 k w_ ,. � PHYSIC AL Ewir,,ONMENT r/ A-11 ENTERPRISE FUNDS Enterprise Funds are established to finance and account forte acquisition, operation and maintenance of facilities and services which are intended to be entirely or predominantly self- supporting through 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: UII AL S VICE IS IC AST - This fund accounts for the sanitary waste disposal activities of the County. Operational revenues during the fiscal year and net income increased 7% and 11.6% respectively. CARD SOUND BRIDGE - This fund accounts for the operations of the County's toll bridge. Operating revenues and expenditures generated during the fiscal year amounted to $1,474,930 and $928,058 respectively. MARATHON AIRPORT - This fund accounts for the operations of the Marathon Airport. Operating revenues and expenditures generated during the fiscal year amounted to$359,086 and $299,543 respectively. KEY WEST INTERNATIONAL AI R - This fund accounts for the operations of the Key West International Airport. Operating revenues and expenditures generated during the fiscal year amounted to $1,404,104 and $1,335,516 respectively. FIDU CIA E)LFUN M 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, or other government units, or other funds. The total assets of the Fiduciary Funds was $6,867,116 as of September 30, 1993. The three largest of the funds being 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 functions and they exclude the fixed assets of Proprietary Funds. As of September 30, 1993, the general fixed assets of the County amounted to $103,029,462. This amount represents the original cost of the assets and bears no relationship to their present value. The % increase from the prior fiscal year is due largely to the construction in process of the new detention center facility. Depreciation of general fixed assets is not recognized in the County's accounting system, in accordance with Governmental Accounting Practices. A-12 DEBT ADMINISTRATION During the fiscal year, the County issued a $4,585,000 Improvement Revenue Bond for the purpose of financing a portion of the cost of the construction of the improvements to Card Sound Bridge, including raising the elevation of the Card Sound Bridge approach road. On March 8, 1994 these bonds were defeased after it was determined that the initial engineering estimates were overstated. Additionally, the County issued a$1,185,000 and a $7,230,000 Refunding Improvement Bonds to provide funds to finance the cost of advance refunding the 1983 and the 1988 A&B Refunded Bonds,respectively. The County also obtained $95,000 and $910,000 Tax Anticipation Notes in anticipation of the levied taxes and assessments to provide funds for Tropical Key Colony road improvements and the purchase of fire equipment, respectively. The County's financial management team has consistently demonstrated its ability to responsible manage the fiscal affairs of the government. The nationally recognized ratings on County bonds have historically been Aaa and AAA from Moody's Investors Service and Standard & Poor's Corporation, respectively. CASH MANAGEMENT The Finance Department monitors the cash needs of the County on a weekly basis. All PORTFOLIO PERFORMANCE operating funds in excess of weekly cash flow Fiscal Year 1992-93 needs are deposited with the Local Government Surplus Funds Trust Fund under the , management of the Florida Department State { Board of Administration. In addition, the s County, through its financial advisors, has 1 structured an investment pool of securities with a o an average duration of approximately two years. r During the fiscal year, the County's interest ' earning amounted to $4,442,928. %-i For comparative purposes the average yields on j a 3-month treasury bill and a 2-year treasury j note were 3.01% and 3.95% respectively. They_ average yield for investments with the State { Board of Administration was 3.66%. The graphic representation on the right of these 3 MO T-BILL SOA-POOL 9 YR T-NOTE various yields is for comparison purposes only. A-13 RISK MANAGEMENT The County's assets are protected through the risk management program developed and managed by the Risk Management Section of the an Resources Department to administer insurance activities relating to fleet auto liability, general liability, and public official liability. The Risk Management Department, 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 injury 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 CON 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; however, 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. 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, 1993 and the opinion of the auditors has been included in this report. A-14 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- 128. The auditor's report on the general purpose financial statements and combining and individual fund 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 ACHIEVEMENT The Government Finance Officers Association of the United States and Canada(GFOA)awarded a Certificate of Achievement for Excellence in Financial Reporting to Monroe County for its Comprehensive Annual Financial Report for the fiscal year ended September 30, 1992. 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 Annual 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 five 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 dedication of the Finance Department 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. The timely and thorough preparation of this report could not have been accomplished without the loyal service, long hours and meticulous attention to detail of the entire Finance Department staff. Special thanks are in order for Stephanie Griffiths, Scott Adams and Lisa Albury. They led the way in this dedicated service. We also wish to express our thanks to James Roberts, County Administrator, the Monroe County Constitutional Officers, Sheriff Richard Roth, Tax Collector Harry Knight, Property Appraiser Ervin Higgs and Supervisor of Elections Harry Sawyer and the Monroe County Animal Shelter for their contributions to this report. Sincere appreciation is expressed to the staff of Kemp and Green, P.A. for their assistance, and very special recognition is deserved by Marva Green, C.P.A. for her excellence as well as the excellence she inspires in others. A-15 The preparers of this report especially note and 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. Thank you to Mayor Jack London, Commissioner Wilhelmina Harvey,Commissioner Shirley Freeman, Commissioner Earl Cheal 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, r ' DanLLIhage Sandra Carlile Clerk of the Circuit Court Finance Director and Chief Financial Officer A-16 zT- - E e 2 § i , e 3 2 © f ƒ f ) � t- a � a � a ■ 10 \ \ d ) _ ; f ) / § f� 70 } 0 a } � � � k � � \ co 2 E E G I o a 0 2 & ® \ / ) \) }} }fCC LU I LT---i :12 ---j- ■z § _ )\ ƒ// A . /f2/ #} \.2 ■ ® /) j ) / \ LLJ ( � k J / $ E k f ; o Z , ) \ � � 15 § 2 k ƒ A § ) ® 0 - (CO) ) $ e 2 | 2 \ j ( / \ ) 8 ,0 ] k ) ° 3 I _ cc � I o « a ! § a ® \ 20 $ 3 7 a e / � ) � IL e o = a � ) 2 ® & ) j 25 / 2 ! = as 3 \ © § | w ` o I § j� 3 to § © t ) ■ m & ° ) « ( a 2 2 \ / �§ 3k § » / $ � 0 k u � ~ KEMP & GREEN, P.A. Certified Public Accountants 1438 KsmwEov Dmvs P. 0. BOX 1529 ~_ wev vvssT' FLORIDA 33041-1529 mBwaem OF *m+ R|CAw |maT|TurE vvM. 0, xowP, C.P.A. (3,05) 294-2581 AND FLORIDA INSTITUTE OF wAnnA E. smseN' C.P.A. FAx # (oos) 2w4-47ra cERT/p/zo pua/|C Aocoom/xm/s INDEPENDENT AUDITORS' REPORT Board of County Commissioners -` Monroe County, Florida We have audited the accompanying general purpose financial statements of Monroe County, Florida (the "County") as of September 30, 1993 and for the year them ended, listed in the foregoing table of contents. These general purpose financial statements are the responsibility of the CoUntv,m management. Our responsibility is to express an opinion on these general purpose financial -- statements based on our audit. 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 CircUlarA-I28 . 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 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. ID 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 30, 1993, 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 statements taken 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 Cnunty. Such additional -1 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 ~ / ""-J, ' | Kemp & Green, P.A. Certified Public Accountants | February 28, 1994 B-1 \ ` KEMP £4 GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 3304 1-1 5 2 9 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 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, 1993, and have issued our report thereon dated February 28, 1994. 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, 1993, 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 in 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 February 28, 1994. 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. 67"-� Kemp & Green, P.A. Certified Public Accountants February 28, 1994 B-3 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA 3304 1-1 5 2 9 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 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, 1993, and have issued our report thereon dated February 28, 1994. 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 February 28, 1994. 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 February 28, 1994 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 FUNDS 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 FU N DS 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 SERVICE__FUN S 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 a cost--reimbursement basis. FIDUCIARY FUNDS 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 ASSETS 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 DEBT The General Long—Term Debt Account Group is used to account for the County'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 SEPTEK8BER@U. 1983 ^ ' GOVERNMENTAL FUND TYPES Special Debt Capital _General _Revenue _ _Service_ _Prmiect _ ASSETS AND OTHER DEBITS , Assets: Cash and Cash Equivalents $ 11.344,309 $ 30.119.199 $ 8,604.799 Cash with Fiscal Agent -- -- -- - - |nveatmontuutCoatur Amortized Cost 2`484.210 10.284'045 -- 12.854.228 Accounts Receivable: Delinquent Waste Collection Fees -- -- -- -- Allowance for OncoUoudb|e Waste Collection Fees -- -- -- -- Othor 110.328 1.534.220 -- 24 Allowance for Other UnooUnotib|e -- (1`247.723) -- -- Mortgage Note Receivable -- 1'642'811 -- -- Allowance for Mortgage Receivable -- (248.153) -- -- Inventory 19.720 -- -- - - |nventoryofLandforReau|e -- 7.505.817 -- - - DuefvomOthe/Funds 1.303,485 506'705 140,500 235,992 Due from Other Governmental Units 8'250.687 2,304'026 -- 699.337 Restricted Assets: Cash and Cash Equivalents -- -- 2.015.327 — - |nvastmectuatCostor Amortized Cost -- -- 4.493.793 — - |nterenLRenoivmb|u -- -- 15,789 — - |ntoneatReueivab|e 31.010 127.761 -- 74.424 Property, (NnL. Where Applicable of Accumulated Depreciation) -- -- -- - - DofermdChargeo(Net) 34.212 -- -- - - OthorDobits, Amount Available for Debt Service -- -- -- - - AmounttuboProvidedfo/Rehrament of General Long—Term Debt Total Assets and Other Debits $ 6 Q05 409 $ 22368804 C-1 FIDUCIARY PROPRIETARY FUND TYPES FUND TYPES ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long-Term Memorandum Enterprise--_ Service Ag ncy Assets Debt Only $ 8,187,098 $ 2,908,273 $ 5,215,307 $ $ $ 66,379,075 8,015 8,015 12,421,522 2,186,104 1,552,244 41,733,253 1,225,006 1,225,006 (1,059,114) (1,059,114) 426,491 185,777 30,493 2,287,331 (54,074) (1,301,797) 1,642,811 (248,153) 19,720 7,505,617 205,336 355,361 3,523 2,750,902 1,227,735 16,179 65,549 7,554,413 1,249,828 3,265,155 5,117,093 9,610,886 29,017 44,806 219,563 27,288 480,046 13,655,714 31,728 103,029,462 116,716,904 546,689 580,901 6,351,930 6,351,930 43,493856 43,493,856 43405,919 $ _.__,_5,TtU10_ $_6,867,116 $ 103,029,462 $ ---A9-045785 3090 1_ 4 56 3 The notes to the financial statements are an integral part of these statements. C-2 (Continued) MONAOECOUNTY FLORIDA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS — CONTINUED 8EPTEK8BER8U. 1yS3 GOVERNMENTAL FUND TYPES ^ ^ Special Debt Capital _GeneradRevenue _Service_ _Projects _ LIABILITIES, FUND EQUITY AND OTHER CREDITS Liabilities: Accounts Payable 1.744.492 $ 1.794.289 2.623 $ 3,483,969 Tax Anticipation Note -- 705.000 -- — — AccnuedVVagesandBenefitsPayab|a 1.800.261 223.216 -- 3.024 Due toOthers -- -- -- -- Claims and Judgements Payable -- -- -- — — DuetoDtherFunda 688'787 748'802 810.856 575,500 Due to Other Governmental Units 2.219.600 365.189 -- — — NYsUupedBondaPayob|e -- -- -- -- Matured Interest Payable -- -- --Matured Premium Premium Payable -- -- -- — — DmpoobminEeo/nvv -- 425 -- — — DefernadRevenuee 214.841 20.000 -- — — Payab|efrnm Restricted Assets: Accrued Interest Payable -- -- --Special Obligation Ob!i0ation Notes Payable -- -- -- — — RevenuoBondaPoyah|e — Cu/nant -- -- --Landfill Closure C|usumCouta -- -- -- — — OtherCurmntL|abi|idem 2.887 1.508 -- 721 Long—Term Debt Total Liabilities -_-6,677/66»8 3,859,409 _31�/479 4�D�,�4� Fund Equity and Other Credits: Investment in General Fixed Assets -- -- -- — — OonthbuiedDapita| -- -- -- — — RetainedEaminga: Reserved for Revenue Bond Retirement -- -- --Unreserved Fund -- -- -- -- FundBsdanoea: Reserved for Encumbrances 114.016 112.093 -- 406.521 Reserved for Trust Fund Purposes -- -- -- — — Reaemefo/LandAcquioitiun -- 2`385.578 -- — — Resemefor|nventmry -- 7.505.617 -- -- Reserved for Mortgage Loans -- 1.394.658 -- -- Reserved for Debt Service -- -- 6.351.930 -- Unreserved 11^786,365 �7�12/��- ���__- _-17^839,}O8- Total Fund Equity and Other Credits _11'900\381_ _-48J1{ 8D}9- _6 51 930 18,3[5,59{� Total Liabi|itieu,Fund Equity and Other Credits $ $ 223-68804 C-3 FIDUCIARY PROPRIETARY FUND-TYPES FUND TYPES ACCOUNT GROUPS TOTAL General General Internal Trust Fixed Long—Term Memorandum Enterprise--- Service &_Agency Assets Debt 1,390,576 $ 173,344 $ 4,185 $ 8,593,458 705,000 83,822 11,070 2,127,393 3,294,988 3,294,988 266,978 2,849,802 3,116,780 259,360 80,391 85,206 2,750,902 386 3,114,108 5,699,283 5,000 5,000 19 19 2,996 2,996 81,587 82,012 72,483 307,324 397,943 397,943 193,288 193,288 440,000 440,000 4,362,810 4,362,810 6,702 11,618 14,667,412 29,768 —— 49,845,786 64,542,966 22,224,660 3,151,077 6,498,487 _7— 49,845,786 96,633,780 103,029,462 103,029,462 10,768,748 10,768,748 5,735,902 5,735,902 4,676,609 2,559,633 7,236,242 692,630 368,629 368,629 2,385,579 7,505,617 1,394,658 6,351,930 66,938,386 21,181,259 2,559,633 368,629 103,029,462 212,407,783 43,4A05_Qj9 $ __5,7j.Q,_7jk $ __6 867 1-1 Q_ $ _103_Q29 462 $ _- 49.8445- _786 $ 309,04-1 (a 5 . ---_------ The notes to the financial statements are an integral part of these statements. C-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, 1993 GOVERNMENTAL FUND TYPES Special Debt Capital General Revenue Service Projects Revenues: Taxes $ 14,234,040 $ 39,674,687 $ -- $ 10,027,642 Licenses&Permits 239,229 2,182,810 -- -- Intergovemmental 11,301,868 6,225,219 636,157 8,496 Charges for Services 2,898,353 1,286,020 -- -- Fines&Forfeitures 80,845 1,992,137 -- -- Interest 459,093 1,596,655 252,453 889,655 Miscellaneous 472,363 1,194,274 50 9,405 Total Revenues 29,685,791 54,151,802 888,660 10,935,198 Expenditures: Current: General Government 17,398,013 3,507,178 —— —— Public Safety , 24,179,650 9,926,493 -- -- Physical Environment 344,644 396,710 -- -- Transportation 76,981 4,098,481 -- -- Economic Environment 446,088 7,365,737 -- -- Human Services 5,092,032 627,608 -- -- Culture and Recreation 1,451,095 893,919 -- -- Debt Service 223,198 24,156 6,789,882 -- Capital Outlay -- -- -- 19,403,995 Total Expenditures 49,211,701 26,840,282 6,789,882 19,403,995 Excess of Revenues Over/ (Under)Expenditures (19,525,910) 27,311,520 _ (5,901,222) (8,468,797) Other Financing Sources/(Uses): Transfers from Other Funds 23,609,114 240,341 4,881,179 -- Transfers to Other Funds (1,066,163) (22,778,372) -- (6,349,324) Bond Proceeds -- -- 8,032,803 -- Capital Lease Acquisition 54,983 -- -- Payment to Refunded Bond Escrow Agent —— —— _ 8,018 839 -- Total Other Financing Sources/(Uses) 22,597,934 (22,538,031) 4,895,143 (6,349,324) Excess of Revenues and Other Sources Over/(Under) Expenditures&Other Uses 3,072,024 4,773,489 (1,006,079) (14,818,121) Fund Balance,October 1, 1992 9,628,655 48,968,863 7,358,009 33,123,711 Equity Transfers 800 298) 5,031 453Z -- Fund Balance,September 30, 1993 $ 11900 381 $ 48, 110,899 $ 6, 551,930 $ 18, 005,590 C-5 FIDUCIARY FUCK®TYPES TOT Expendable Memorandum Trust I $ ®® 63,936,369 ®- Z422,039 -- 18,171,740 39,942 4,224,315 141,523 2,214,505 5,916 3,203,772 3,488 20,908,679 225,421 34,331,564 ®_ 741,354 _- 4,175,462 -- 7,811,825 _r 5,719,640 -- 2,345,014 _r 7,037,236 �, 1 ,47 7 __ _...m....:. 0. . 1 85,207 2B,815,841 (30,193,859) r® 8,032,803 , 983 -- __ 8 0-18 , , , (7,777,881) 167,823 ,247,, 1 _. ......... _ 5 1 751 $ _ _ 85637 w The notes to the financial statements are an integrM part of these statements. MONROE COUNTY, FLORIDA COMBINED STATEMENT 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, 1993 GENERAL FUND Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 13,853,324 $ 14,234,040 $ 380,716 Licenses&Permits 220,000 239,229 19,229 Intergovernmental 11,349,401 11,301,868 (47,533) Charges for Services 2,976,227 2,898,353 (77,874) Fines&Forfeitures 17,600 80,845 63,245 Interest 412,800 459,093 46,293 Miscellaneous 353,166 472,363 119,197 Total Revenues 29,182,518 29,685,791 503,273 Expenditures: Current: General Government 19,103,809 17,417,240 1,686,569 Public Safety 25,119,015 24,179,650 939,365 Physical Environment 976,355 344,644 631,711 Transportation 96,178 76,981 19,197 Economic Environment 886,369 446,088 440,281 Human Services 6,721,654 5,092,032 1,629,622 Culture and Recreation 1,663,910 1,451,095 212,815 Debt Service 80,750 223,198 (142,448) Capital Outlay Total Expenditures 54,648,040 49,230,928 5,417,112 Excess of Revenues Over/(Under)Expenditures (25,465,522) 19 545,137 _ 5,920,385 Other Financing Sources/(Uses): Reserve for Contingencies (2,425,958) -- 2,425,958 Transfers from Other Funds 24,185,269 23,609,114 (576,155) Transfers to Other Funds (1,067,012) (1,066,163) 849 Bond Proceeds - - - - -- Proceeds from Tax Anticipation Note -- -- -- Capital Lease Acquisition 54,983 54,983 -- Payment to Refunded Bond Escrow Agent -- -- -- Total Other Financing Sources/(Uses) 20,747 282 22,597,934 1,850,652 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- Budgetary Basis (4,718,240) 3,052,797 7,771,037 Total Adjustments -- 19,227 19,227 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- GAAP Basis (4,718,240) 3,072,024 7,790,264 Fund Balance,October 1, 1992 9,628,655 9,628,655 -- Equity Transfers -- (800,298) (800,298) Fund Balance,September 30, 1993 $ 4,910,415 $ 11,900,381 $ 6,989,966 C-7 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Variance Variance Favorable Favorable Budget Actual JtJ Budget Actual_ (Unfavorable) $ 3 ,504,755 $ 3 ,67 ,67 $ 16 ,932 $ ®— $ -- $ -- 1,00,418 2,182,810 1,102,392 -- -- 4,505,486 5,683,396 1,177, 10 800,125 636,157 (163,968) 15,750 1,286,020 470,270 -- -- -- 1,649,70 1, 92,137 342,387 -- -- -- 1,471,098 1,596,468 15,370 156,400 252,453 96,053 974, 78 1,670, 8 695,860 —— 50 50 50,002,235 5 ,086,356 4,08 ,121 956,525 888,660 (67, 65) 8,321,085 4,005,785 4,315,300 -- -- -- 10,796,381 9,383,039 1,413,342 - — - - —— 987,851 396,710 591,141 -- -- -- 18,087,376 4,098,481 13,988,895 -- -- -- 9, 67,522 7,365,737 2,301,785 -- -- -- 5, 35,753 627,608 5,20 ,145 -- -- -- 1,837,376 893,919 943,457 -- -- -- 324,949 324,156 793 11,124, 08 6,789,882 4,334,426 55,858,293 27,095,435 28 762 858 11,124 308 6,789,882 4,334,426 (5,856,058) 26,990,921 32,846,979 (10,167,783) (5,901,222) 4,266, 1 (4,009,256) -- 4,009,256 (474,971) -- 474,971 241,190 20,341 (849) 4,900,000 4,881,179 (1 ,821) (23, 5 ,527) (22,778,372) 576,155 —— —— —- -- -- -- 8,018,261 8,032,803 1 ,542 1,005,000 1,005,000 -- -- --- -- -- -- -- (8,018,839) (8,018,839) -- (26,117,593) (21,533,031) 4,54,562 4,424,451 4,895,143 470,692 ( 1,97 ,651) 5,457,890 37,431,541 (5,743,332) (1,006,079) 4,737,253 ,39,500 (68 ,401) (4,02 , 1) -- — -- (28,634,151) 4,773,489 33,407,640 (5,743,332) (1,006,079) 4,737,253 4 ,968,863 4 ,968,83 -- 7,358,009 7,358,009 - -- (5,031,453) 01, _3j -- --- 20,334,712 $ 48.710.899 $ 28,376,187 $ 1,614,677 6.351. 0 $ 4,737,253._ 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 T UST FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 CAPITAL PROJECT FUNDS Variance Favorable udclet Actual ( nfvarale) Revenues: Taxes $ 6,500,000 $ 10,027,642 $ 3,527,642 Licenses&Permits —- —— —— Interovem mental -- 8,496 8,496 Charges for Services —— —— —— Fines&Forfeitures Interest 824,000 889,655 65,655 Miscellaneous -- 9,405 9,405 Total Revenues 7,324,000 10,935,198 3,611,198 Expenditures: Current: General Government -- -- -- Public Safety —— —— —— Physical Environment -- --Transportation -- -- -- Economic Environment -- -- -- Human Services -- -- -- Culture and Recreation -- -- -- Debt Service —— —— —— Capital Outlay 30,803,749 19,403,995 11,399,754 Total Expenditures 30,803,749 19,403,995 11,399,754 Excess of Revenues Over/(Under) Expenditures (23,479,749) (8,468,797) 15,010,952 Other Financing Sources/(Uses): Reserve for Contingencies (15,917) -- 15,917 Transfers from Other Funds -- --Transfers to Other Funds (8,278,984) (6,349,324) 1,929,660 Bond Proceeds -- --Proceeds from Tax Anticipation Note -- -- -- Capital Lease Acquisition —— —— —— Payment to Refunded Bond Escrow Agent -- -- -- Total Other Financing Sources/(Uses) (8,294,901) (6,349,324 __ 1,945,577 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — Budgetary Basis ( 1,774,650) (14,818,121) 16,956,529 Total Adjustments —— —— —— Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses — GAAP Basis (31,774,650) (14,818,121) 16,956,529 Fund Balance,October 1, 1992 33,123,711 33,123,711 -- Equity Transfers —— —— —— Fund Balance,September 30, 1993 1,349,061 $ 18,305,590 $ 16,956,529 C-9 U EXPENDABLE TRUST FUNDS TOTAL - MEMORM Variance Favorable Budget Actual (Unfavorable) Budget Actual - -- $ -- $ -- $ 59,858,079 $ 63,936,369 $ 4,078,290 -- -- -- 1,300,418 2,422,039 1,121,621 -- -- -- 16,655,012 17,629,917 974,905 -- 39,942 39,942 3,791,977 4,224,315 432,338 84,114 141,523 57,409 1,751,464 2,214,505 463,041 2,300 5,916 3,616 2,866,598 3,203,585 336,987 -- _ -- -- __1,328z144 _ 2,152,656 824,512 86,414 187,381 100,967 87,551,692 95,783,386_ 8,231,694 59,089 3,488 55,601 27,483,983 21,426,513 6,057,470 117,604 102,940 14,664 36,033,000 33,665,629 2,367,371 -- -- -- 1,964,206 741,354 1,222,852 -- -- -- 18,183,554 4,175,462 14,008,092 -- -- -- 10,553,891 7,811,825 2,742,066 14,529 -- 14,529 12,571,936 5,719,640 6,852,296 -- -- -- 3,501,286 2,345,014 1,156,272 -- -- -- 11,530,007 7,337,236 4,192,771 -- -- -- 30,803,749 19,403,995 11,399,754 191,222 _106,428 84,794 152,625,612 102,626,668- 49,998,944_ (104,808� _ 80,953 185,761 (65,073,920) ( 843,282 58,230,638 (1,600) -- 1,600 (6,927,702) -- 6,927,702 -- 85,207 85,207 29,326,459 28,815,841 (510,618) -- -- -- (32,700,523) (30,193,859) 2,506,664 -- -- -- 8,018,261 8,032,803 14,542 -- -- -- 1,005,000 1,005,000 -- -- -- -- 54,983 54,983 -- - 81018,839 -- (1,600) 85,207 86,807 (9,242,361) (304,071) _ 8 938,290 (106,408) 166,160 272,568 (74,316,281) (7,147,353) 67,168,928 -- 34,646 34,646 3,339,500 63015281 (3,970,028) (106,408) 200,806 307,214 (70,976,781) (7,777,881) 63,198,900 167,823 167,823 -- 99,247,061 99,247,061 -- -- -- -- -- (5,831,751) (51831,751) 61.415 $ 368�629 $ 307.214 $ 28,270,280 $ 85 637�429 $ 57 367,149 The notes to the financial statements are an integral part of these statements. C-10 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF REVENUES. EXPENSES AND CHANGES IN FUND EOUITY ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 19,93 Internal Total Enterprise Service (Memorandum Funds Funds Operating Revenues: Tolls $ 1,474,676 $ $ 1,474,676 Charges for Services 13,336,696 7,705,961 21,042,647 Franchise Fees 3,001,639 3,001,539 Fines and Forfeitures 2,136 2,136 Miscellaneous a 17'0 051 47602 217653 Total Operating Revenues 7,985 Oqg� 7 53§q3 'L3 0 51 . . .................. 7_, Operating Expenses: Personal Services 2,212,182 397,525 2,609,707 Operations 12,995,496 1,953,794 14v949,290 Landfill Closure Costs 857,689 857,689 Depreciation and Amortization 1,054,215 8,941 1,063,156 Asserted and Paid Claims —— 620- ,OP3,620_ Total Operating Expenses 17 11?,§82 7 3 62 Operating Income 865 16 389673 1255189 Non—Operating Revenues(Expenses): Operating Grants 2,300,561 2,300,561 Interest Income 1,069,415 169,741 1,239,156 Interest Expense and Fiscal Charges (788,399) (788,399) Loss on Disposition of Assets 8LT iqL I .. .............. Total Non—Operating Revenues(Expenses) 724,937 Income Before Operating Transfers .............. 3 Operating Transfers: Transfers from Other Funds 3,461,225 5,000 3,466,225 Transfers to Other Funds I.Z), 7.......... 3 099) .......... Total Operating Transfers 38608.. 8 0 0........ 1 1 11 378 18................ Net Income 4,824,489 543,655 5,368,144 Fund Equity — October 1, 192 8,396,432 2,015,978 10,412,410 Contributed Capital 7960338 M. 60 3. Fund Equity — September 30, 1993 $ 21,1�81 ZW $___.2 �5% 408 3792$ The notes to the financial statements are an integral pan of the statements. C-11 MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Internal Total Enterprise Service (Memorandum Funds Funds Only)_ Cash flows from operating activities: Cash received for services $ 17,308,035 8,045,933 $ 25,353,968 Cash payments to suppliers for goods and services (14,350,766) (6,893,875) (21,244,641) Cash payments to employees for services (2,203,071) (389,627) (2,592,698) Other operating revenue _I72_1 187 47,602 219,789 Net cash provided by operating activities 926,385 810,033 1,736,418 Cash flows from noncapital financing activities: Operating grants received 2,062,988 2,062,988 Operating transfers from other funds 3,461,225 5,000 3,466,225 Operating transfers to other funds (2,075,117) (13,090) (2,088,207) Capital contributions received 578,344 578,344 Net cash provided (used) by noncapital financing activities 4,027,440 (8,090) 4,019,350 Cash flows from capital and related financing activities: Capital contribution received 5,050,000 5,050,000 Proceed from issuing bonds 4,340,793 4,340,793 Acquisition of fixed assets (2,263,057) (5,310) (2,268,367) Principal paid on capital debt (813,862) (813,862) Interest paid on capital debt (710,160) (710,160) Net cash used by capital and related financing activities 5,603,714 (5,310) 5,598404 Cash flows from investing activities: Purchase of investment securities (35,232,699) (2,186,104) (37,418,803) Proceeds from sale and maturities of investment securities 21,267,356 21,267,356 Interest on investments _____A20,835 ______142,453 963,288 Net cash used by investing activities (13,144,508) 043,651) (15,188,159) Net increase (decrease) in cash and cash equivalents (2,586,969) (1,247,018) (3,833,987) Cash and cash equivalents at beginning of year 12,031,910 4,155,291 16,187,201 Cash and cash equivalents at end of year $ 9.444.941 $ 2,908,273 $ �123Ej3�214 C-12 (Continued) MONROE COUNTY, FLORIDA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Internal Total Enterprise Service (Memorandum Funds Funds— Only) Operating income $ 865,516 $ 389,673 $ 1,255189 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation and amortization 1,054,216 8,941 1,063,157 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 139,660 (64,016) 75,644 Due from other funds (84,062) 357,549 273,487 Due from other governmental units (563,845) 46,449 (517,396) (Decrease)/Increase in: Accounts payable (108,150) 9,349 (98,801) Accrued wages (74,166) (6,751) (80,917) Due to other funds (536,020) 45,717 (490,303) Due to other governmental units 415 415 Deposits 2,956 2,956 Landfill Closure Costs 148,470 148,470 Compensated Absences 83,277 14,649 97,926 Asserted and paid claims (1,882) 6,154 4,272 Other current liabilities 2,3119 2,319 Total adjustments 60,869 420,360 481,229 Net cash provided by operating activities $ 926,385 $ 810,033 $ 1,736,418 SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING CAPITAL AND INVESTING ACTIVITIES Enterprise Funds and Internal Service Funds retired certain plan assets having net book values of$8,712 and$7,669 respectively. The Marathon and Key West Airports received certain plan assets contributed from the General Fund having a net book value of$1,415,600 and$916,394 respectively. The notes to the financial statements are an integral part of these statements. C-13 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 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, 1993. 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-14 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The Monroe County Housing Authority - The Commissioners are appointed 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 the District'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 of 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. 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 Fund - The General Fund is the general operating fund of the County. All general tax revenues and other receipts that are not required either legally or by 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-15 � � MONROE COUNTY-, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS 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. � Capital Prq�� - 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: _ EnterDrise 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) 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 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. FiduciaryFunds: � Exoendable 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 -1 individuals, private organizations, other governments, or other funds. ! Account Groups: General Fixed Assets Accqgnt 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-l6 ��� �� MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) General Lonq-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 ii1Ci"caSCS (i .C. , ►evC11UCJ and Ut11 1 111WIL i ny` suuYces) afid 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 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. 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 include: (1) accumulated sick pay, vacation pay, and compensatory time, which are not recorded as expenditures as the liability is incurred, but when the employee receives payment; (2) prepaid items, which are reported only on the Balance Sheet and do not affect expenditures; and (3) 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-17 _~ ~� MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS ~_ MOTE l - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 on the expenditures recmrded. 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. -� Budgets and Budgetary Data - The following are the statutory procedures followed by the Board of County Commissioners in establishing the budget for Monroe County. I\ 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. 2) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the County Budget Officer submits to the Board a proposed d budget for the fiscal year commencing the following October I. -? The budget includes proposed expenditures and the means of financing them. 3\ By Board resolution, a tentative budget is submitted to the public. Public hearings are held to obtain taxpayer comments. 4\ Fifteen days after adoption of the tentative budget, a final budget is submitted for review and adoption at a final public hearing. 5\ Prior to, or on September 30, the C ' budget is legally enacted through passage of a resolution. Accordingly all fund types have an | adopted budget as required by Florida Statute 129.03. � -~ / C-l8 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 6) During the year, the Office of Management and Budget acts on intradepartmental budget changes that do not alter the total revenue or expenditures budgeted to a cost center. A cost center represents a particular area of County operations or a department. All other budget changes (whether they are transfers between cost centers or alterations of total revenues and expenditures in a fund) are approved by the Board. Supplemental appropriations were necessary and the budgetary data presented herein was amended by the Board during the year in a legally permissible manner. 7) Florida Statute 129, Section 7, as amended in 1978, provides that only expenditures in excess of total fund budgets are unlawful . However, because the Board acts on all budget changes between cost centers, this becomes the level of control . 8) Budgeted to Actual Expenditure reports are employed as a management control device during the year for all fund types. 9) Budgets for all funds, 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. 10) All appropriations lapse at year end. Inventory - Inventory is valued at the lower of cost or market. Inventory in the Comprehensive Plan Land Authority (Special Revenue) consists of land purchased for resale. 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. Reported inventories are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable resources." Investments - Investments, with the exception of those held by deferred compensation plans, are stated at cost, which approximates market. Investments held by the deferred compensation plans are stated at market value. 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. C-19 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 7-20 Machinery and Equipment 3-10 Improvements other than Buildings 50 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. Unamortized 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 to reserve that portion of the applicable appropriation, is employed in the C-20 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 1st of each year. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percent each month thereafter. Taxes become delinquent on April 1st of each year, and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June lst of each year. No accrual for the property tax levy becoming due in November of 1993 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. Compensated Absences - County policy grants employees annual leave 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 , sick leave payments are granted upon termination of employment to employees with five years or more of credited service. The maximum payment is subject to percentages and maximum hour limitations as determined by each constitutional officer. In Governmental Fund Types, these amounts would not normally be liquidated with expendable available financial resources and are, therefore, recorded in the General Long-Term Debt Account Group. The accumulated compensated absences are accrued when incurred in the Proprietary Funds. 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. NOTE 2 - CASH AND INVESTMENTS Cash and investments consist of the following at September 30, 1993: C-21 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 2 - CASH AND INVESTMENTS Restricted Cash and Cash and Cash with Investments Investments Fiscal Agent Total Board of County Commissioners Amount Invested in County's Pooled Cash Program $ 40,890,631 $ - $ - $ 40,890,631 Demand Deposits 8,244,892 850,247 8,015 9,103,154 Investments 43,624,874 12,025,794 - 55,650,668 92,760,397 12,876,041 8,015 105,644,453 ------------ Other Constitutional Officers and Dependent District Amount Invested in County's Pooled Cash Program 6,141,470 - - 6,141,470 Demand Deposits 8,313,770 - - 8,313,770 Investments 896,691 - 896,691 15,351,931 -- - 15,351,931 $108,112,328 $ 12,876,041 8,015 120 996,384 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 f) obligations of the Federal National Mortgage Association C-22 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1993 NOTE 2 - CASH AND INVESTMENTS (Continued) g) commercial paper of U.S. corporations having a rating of at least two of the following three ratings: A-1, P-1 and F-1, as rated by Standard & Poors, Moody'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. Deposits - Demand 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 - Investments at year end are shown as follows. The U.S. Treasury obligations and other bonds are held by the County's agent in the County's name. Carrying Market Board of County Commissioners Amount Value U.S. Government Treasury Obligations $ 45,201,007 $ 45,430,651 Local Government Surplus Funds Trust Fund 40,890,631 40,890,631 Money Market Funds 5,203,218 5,203,218 Deferred Compensation Plans 655,553 655,553 Municipal Bond 998,950 1,011,982 Commercial Bond 3,591,940 3,598,732 96,541,299 96,790,767 Other Constitutional Officers and Dependent District Local Government Surplus Trust Funds 6,141,470 6,141,470 Deferred Compensation Plans 896,691 896,691 7,038,161 7,038.161 $103,579,460 $103,828,928 NOTE 3 - MORTGAGES RECEIVABLE Mortgages receivable at September 30, 1993 consist of the following: C-23 -` ~ MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS _ -- MOTE 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 $ 420"379 -- 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 3I5,000 -- 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 $442,580 annually` interest free. 885,000 Mortgage due from not-for-profit corporation, collateralized by land, principal and interest at 9.5% payable in full at -� May 13, 2008. Total Mortgages Receivable -� The mortgages receivable are equally offset by a fund balance reserve which indicates that it does not constitute "available spendable resources" even though it is a component Of total assets, ' MOTE 4 - IMTERFUND BALANCES / Individual fund interfUnd receivable and payable balances at September 30, I993 are as follows: C-24 _ MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 4 - INTERFUND BALANCES (Continued) Interfund Interfund Fund Receivable Pavable General Fund $ 1,303,485 $ 689.787 Special Revenue Funds: Fine and Forfeiture 24 132,751 Road and Bridge 2,347 80,751 Law Library - 9 Tourist Development District #One, 2 Cent 74,721 42,141 Tourist Development District #Two, 2 Cent 583 5,486 Tourist Development District #Three, 2 Cent 1,313 15,872 Tourist Development District #Four, 2 Cent 2,407 1,414 Tourist Development District #Five, 2 Cent 1,875 6,139 Tourist Development Administrative and Promotional 20,958 7,811 Tourist Development District #One, 3 Cent 9,430 4,098 Tourist Development District #Two, 3 Cent 2,057 89 Tourist Development District #Three, 3 Cent 3,642 267 Tourist Development District #Four, 3 Cent 2,043 34 Tourist Development District #Five, 3 Cent 6,483 67 Fire and Ambulance District 1 - 86,194 Fire and Ambulance District 5 5,750 1,420 Fire and Ambulance District 6 214 6,777 Translator System 3,000 - Planning, Building and Zoning 91,086 144,156 Parks and Recreation 8,496 107,837 Impact Fees, Roadways 276 318 911 Enhancement Fees - 3,000 Upper Keys Health Care - 3,739 Sheriff Federal Grant 270,000 99,432 506,705 749,802 Debt Service Funds: 1993/83 Improvement Revenue Bonds 500 - 1993/88 Improvement Revenue Bonds 140,000 310,856 140,500 310,856 Capital Project Funds: Revenue Bond ,Improvements - 164,602 One Cent Infrastructure 5,252 410,898 Sales Tax Bond Capital Improvement 230,740 - 235,992 575,500 C-25 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 4 - INTERFUND BALANCES (Continued) Interfund Interfund Fund Receivable Payable Enterprise Funds: Municipal Service District 1,105 69,891 Card Sound Bridge 234 121,037 Marathon Airport 187,802 23,899 Key West Airport 16,195 44,533 205,336 259,360 Internal Service Funds: Worker's Compensation 9,635 6,800 Group Insurance 345,600 69,720 Risk Management Fund 126 3,871 355.361 80,391 Trust and Agency Funds: Court Facility Fees 3,523 85,206 $ 2y750,902 1 2,750,902 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 Revenue Bonds, Card Sound Bridge Revenue Bonds, Refunding Improvement Revenue Bonds, Series 1993/83, Improvement Revenue Bonds, Series 1993/88, and Sales Tax Revenue Bonds, Series 1991 . Total restricted assets as of September 30, 1993 are as follows: Cash and Enterprise Fund - Municipal Service District Investments Renewal and Replacement Fund $ 3,690,397 Sinking Funds 588, 154 4,278,551 Enterprise Fund - Card Sound Bridge Sinking Fund 231,304 Debt Service Reserve 463,397 Renewal and Replacement 117,057 Business Interruption 1,043,536 1,855,294 C-26 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 5 - RESTRICTED ASSETS (Continued) Enterprise Fund - Marathon Airport Passenger Facility Charge Funds 32,209 Enterprise Fund - Key West Airport Passenger Facility Charge Funds 229,884 Refundinq Improvement Revenue Bonds, Series 1993/83 Debt Service Fund Sinking Fund 237,378 Improvement Revenue Bonds, Series 1993/88 Debt Service Fund Sinking Fund 243,500 Sales Tax Revenue Bonds Series 1991 Debt Service Fund Debt Service Reserve Fund 4,605,839 Sinking Fund 1,438,192 6,044,031 $ 12,920,847 NOTE 6 - RESERVES FOR RESTRICTED ASSETS 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 30, 1993: Enterprise Funds Municipal Service District Reserved for Debt Service $ 284,826 Reserved for Renewal and Replacement 3,690,397 3,975,223 C-27 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 6 - RESERVES FOR RESTRICTED ASSETS (Continued) Card Sound Bridge Reserved for Debt Service 600,086 Reserved for Renewal and Replacement 117,057 Reserved for Business Interruption 1,043,536 1,760.679 Debt Service Funds Refunding Improvement Revenue Bonds, Series 1993/83 Reserved for Debt Service 237,878 Refunding Improvement Revenue Bonds, Series 1993/88 - Reserved for Debt Service 72,644 Sales Tax Revenue Bonds, Series 1991 Reserved for Debt Service 6,041.408 6,351,930 $ 12.087,832 Retained earnings and fund balances are reserved to the extent of the excess of restricted assets over liabilities payable from restricted assets as follows: Total restricted assets $ 12,920,847 Less: Restricted assets for which retained earnings are not required to be reserved 262,093 Liabilities payable from restricted assets 711,422 Plus: Amounts due from other funds _ 140.500 $ 12,087,832 NOTE 7 - PROPERTY The following is a summary of changes in General Fixed Assets for the year ended September 30, 1993: 1992 Additions Deductions 1993 Land $ 14,433,547 $ 346,415 $ 991,700 $ 13,788,262 Buildings 22,870,377 2,646,607 2,116,347 23,400,637 Equipment 28,610,589 5,111,164 2,973,968 30,747,785 Construction in Progress: Detention Facility 13,852,605 15,467,234 - 29,319,839 Clerk's Storage 307,245 1,391,457 1,698,702 Marathon Civic Center 2,350,582 407,222 - 2,757,804 Other Construction 3.238,774 1,189,431 3,111,772 1,316,433 $ 85.663,719 $26,559,530 $ 9,193,787 $103.029,462 C-28 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 7 - PROPERTY (continued) An additional $12,759,000 will be required to complete the 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, 1993: Internal Enterprise Service Funds Funds Land $ 5,813,716 $ - Buildings and Improvements 3,432,693 - Equipment 13,451,929 61,210 Construction in Progress 1,639,038 - Total Property 24,337,376 61,210 Less Accumulated Depreciation 10.681,662 29,482 Net Property $ 13.655,714 $ 31,728 NOTE 8 - TAX ANTICIPATION NOTES Tax anticipation notes payable at September 30, 1993 are as follows: Lower and Middle Keys Fire and Ambulance District - Amount due to bank on March 30, 1994 with interest at 3.93%, pay- ment to be funded by the first proceeds of taxes levied for the 1993-1994 fiscal year, proceeds of the note to be used for fire equipment $ 610,000 Tropical Key Colony Municipal Services Street Taxing District (Road and Bridge} - Amount due to bank on March 30, 1994 with interest at 3.93%, payment to be funded by the proceeds of taxes levied for the 1992-1993 fiscal year, proceeds of the note to be used for roadway improvements 95,000 705.000 C-29 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 9 - LONG-TERM DEBT The following is a summary of changes in long-term debt for the year ended September 30, 1993: Debt Debt 1992 Issued Retired 1993 General Long-Term Debt Group Revenue Bonds S 49,850,000 S 8,415,000 $ 11,215,000 S 47,050,000 Accrued Compensated Absences 2,336,888 273,733 3,019 2,607,602 Capitalized Lease Obligations 164,690 - 151,732 12,958 Installment Loan 179,006 49,093 52L873 775,226 Subtotal 52,530,584 8,737,826 11,422,624 49,845,786 Proprietary funds Revenue Bonds 9,570,000 4,585,000 180,000 13,975,000 Accrued Compensated - Absences 128,272 97,926 226,198 Special Obligation Notes 435,603 - 191,362 244,241 Due to Other Governments 1,327,500 - 442,471 885.029 Subtotal 11,461,375 4,682,926 813,833 15, 330,468 Total S 63,991,959 $ 13,420,752 S 12,236,457 S 65,176,254 Bonds payable at September 30, 1993 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 $285,000 to $735,000 on October 1, 1993 to October 1, 2011; interest at 5.6% to 6.60% $ 9,390,000 Enter rise Revenue Bonds - $4,585,000 1993 Card Sound Road and Bridge Improvement Revenue Bonds due in annual install- ments of $155,000 to $460,000 on November 1, 1993 to November 1, 2007; interest at 2.4% to 5.8% 4,585,000 �13,975,000 Subsequent to year end, it was determined that the cost of the bridge improvements financed by the 1993 Card Sound Road and Bridge Improvement Revenue Bonds had been significantly overestimated. On March 8, 1994 the bonds were refunded with available cash. Accordingly, the refunded bonds have not been included in the following schedule of debt service requirements. C-30 ONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 9 - LONG-TERM DEBT (Continued) Bonds payable at September 30, 1993 from Governmental Funds are composed of the following. issues: Revenue Bonds - $ 2, 15,000 191 Sales Tax Revenue Bonds, Series 1991 due in annual installments of $2,665,000 to 4,595,000 on April 1, 1994 through April 1, 200 ; interest at 5.00% to 6.20% $38,740,000 Revenue Bonds - $1,185,000 1993 Refunding Improvement Revenue Bonds, Series 1993 due in annual installments of $165,000 to $200,000 on July 1, 1994 to July 1, 1999; interest at 3.1% to 4.75% 1,0 0,000 Revenue Bonds - $7,230,000 1993 Refunding Revenue Bonds, Series 1993 due in installments of $170,000 to $640,000 on December 1, 1993 to December 1, 2008; interest at 2.6% to 5.0% 7,230&00 $47,050,000 Other long-term liabilities payable at September 30, 1993 from Proprietary Funds are composed of the following: Special Obligation Notes Payable - due in monthly installments of $21,919 on October 29, 1993 to December 29, 1994, interest at 8.56% $ 244.241 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. $ 885,029 Other long-term liabilities payable at September 30, 1993 from Governmental Funds are composed of the following: Installment notes payable in monthly installments of $6,703 from October 1, 1993 to maturity dates at various times through the fiscal year ended September 30, 1996; the average interest rate is 6.97% $ 175,226 Debt Service Fundinq Requirements - The total annual debt service funding requirements for all bonds outstanding (net of sinking fund balances) at September 30, 1993, consisting of interest payments of $23,632,686 and principal payments of $56,404,467 are as follows: C-31 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 1993 NOTE 9 LONG-TERM DEBT (Continued) Revenue Bonds Year Ended Proprietary Funds Governmental September 30 Amount Interest Rate Amount Interest Rate 1994 $ 890,918 5.60% - 6.75% $ 5,694,335 2.60% - 6.20% 1995 889,117 5.70% - 6.75% 5,685,825 3.30% - 6.20% 1996 891,162 5.80% - 6.75% 5,682,075 3.60% - 6.20% 1997 891,732 5.90% - 6.75% 5,673,240 4.00% - 6.20% 1998 890,788 6.15% - 6.75% 5,668,290 4.10% - 6.20% 1999-2003 4,472,043 6.75% 27,389,425 4.30% - 6.20% 2004-2008 4,422,975 6.75% 8,092,695 5.00% - 6.20% 2009-2011 2,352,762 6.75% - Total 15.701.497 $ 63,885,885 Notes Payable Year Ended Proprietary Funds - -Governmental September 30 Amount Interest Rate Amount Interest Rate 1994 $ 206,728 8,56% $ 80,440 6.06% - 11.8% 1995 51,682 8.56% 80,440 6.06% - 11.8% 1996 - 30,481 6.06% - 7.3% Total $ 258,410 Lj91,361 Year Ended September 30 Total 1994 6,872,421 1995 6,707,064 1996 6,603,718 1997 6,564,972 1998 6,559,078 1999-2003 31,861,468 2004-2008 12,515,670 2009-2011 2,352,762 $ 80�037,153 The amount available in the Debt Service Funds to service the 1991, 1993/83 and 1993/88 revenue bonds is $6,351,930. Restrictive Covenants and Collateral Reguirements - 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 of Florida. C-32 MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS ` NOTE 9 - LONG-TERM DEBT /CmMtiDU8d\ The I993 80 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, 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, yii\ 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 1I0% Of the Maximum Debt Service Requirement on the Series 1991 Bonds and QU all outstanding Parity Bonds, p3VS l00% 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, 1993. The Bonds and the interest payable thereon will not constitute a general obligation of the District, Monroe County or the State of Florida, or @ 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 199I 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 COUQtv in the Florida State Treasury, allocated for and distributed monthly to the County. The 1989 Special Obligation Notes are payable from and collateralized by (i) charges for service levied against designated property NltUln Monroe County b8Defitted by the CuUntv^s solid waste disposal system pursuant to Ordinance No. 033-1989 (ii) any payments received from franchisee solid waste collectors with respect to commercial property within Monroe County /iii all other non ad Valorem funds received by the issuer with respect to the furnishing of solid waste disposal services to residents of Monroe County, excluding any state or C-33 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 9- LONG-TERM DEBT (Continued) federal funds received from time to time by the County and (iv) investment earnings. The pledge of the aforementioned revenues are junior and inferior in all respects to the lien of the 1991 Municipal Service District Refunding Improvement Revenue Bonds on such revenues. Advance Refundinqs of General Revenue Bonds 1993 Refunding Improvement Revenue Bonds - On January 1, 1993, the County issued $1,185,000 in General Obligation Bonds with an average interest rate of 3.95 percent to advance refund $1,890,000 of outstanding 1983 Series bonds with an average interest rate of 8.80 percent. The net proceeds of 1.1 million (after payment of $134,000 in underwriting fees, insurance and other issuance cost) plus an additional $950,000 of 1983 Series sinking and reserve fund monies were used to purchase U.S. government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 1983 Series bonds. As a result, the 1983 Series bonds are considered to be defeased and the liability for those bonds has been removed from the general long-term debt account group. The County advance refunded the 1983 bonds to reduce its total debt service payments over the next eighteen years by almost 2.6 million and to obtain an economic gain (the difference between the present values of the debt service payments on the old and new debt) of 1.4 million. 1988A and 1988B Improvement Revenue Bonds - On May 1, 1993, the County issued $7,230,000 in General Obligation Bonds with an average interest rate of 4.47 percent to advance refund $6,680,000 of outstanding 1988A and 1988B Series Bonds with an average interest rate of 7.07 percent. The net proceeds of 7.0 million (after payment of $173,000 in underwriting fees, insurance and other issuance costs) plus an additional $117,500 of 1988A and 1988B sinking fund monies were used to purchase U.S. government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 1988A and 1988E Series bonds. As a result, the 1988A and 1988B Series bonds are considered to be defeased and the liability for those bonds has been removed from the general long-term debt group. The County advance refunded the 1988A and 1988B bonds to reduce its total debt service payments over the next fifteen years by $468,000 and to obtain an economic gain (the difference between the present values of the debt service payments on the old and new debt) of $451,000. C-34 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 10 - DEFEASANCE OF DEBT The following schedule reflects the outstanding principal on refunded bonds, by issue, as of September 30, 1993: $8,000,000 Municipal Service District Improvement Revenue Bonds, Series 1980; defeased on December 6, 1985 using proceeds from the $9,211,774 Municipal Service District Refunding Improvement Bonds, Series 1985 $ 7,190,000 $9,211,774 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 1991 6,811.774 Total Municipal Service District Bonds $ 14,001,774 $2,155,000 Refunding Improvement Revenue Bonds, Series 1983; defeased on January 1, 1993 using proceeds from the Refunding Improvement Revenue Bonds, Series 1993/83 $ 1,845,000 $5,000,000 Improvement Revenue Bonds, Series 1988; defeased on May 1, 1993 using proceeds from the Refunding Revenue Bonds, Series 1993/88 5,000,000 $2,265,000 Improvement Revenue Bonds, Series 1988; defeased on May 1, 1993 using proceeds from the Refunding Revenue Bonds, Series 1993/88 1,460,000 Total General Revenue Bonds $ 8,305,000 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, 1993: General Long- Fiscal year ending September 30: Term Debt 1994 $ 11,105 1995 2,376 1996 2,376 1997 594 Total minimum payments 16,451 Amounts representing interest 3,493 Present value of net minimum lease payments $ 12,958 C-35 � � _ MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS _ NOTE D - LEASE OBLIGATIONS (Continued) Leased equipment which has been capitalized as of September 30, 1993 is as -` follows: General Fixed Assets - General Government 39,892r Rental expense Under operating leases for the current year amounted to $682,587. -` The City of Key West leases two lots 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 $I per year for 30 years, expiring in the year 2022. ~ The Florida Department of General Services leases land on Key Largo which Coot -- $50I,719 upon which the Department has constructed a law enforcement radio communications system. The Department pays a rental of $l per year. The lease expires in 2021. _ MOTE 12 - CONTRIBUTED CAPITAL -� Contributed Capital consists of the following at September 30` 1993: Enterprise Funds - Contributions from Other Funds: -� Municipal Service District $ 2,805,649 $ - $ 2,805,649 Card Sound Bridge 2,761 5,050,000 5,052,781 Marathon Airport - 1,741,201 1,741,201 -� Key West Airport - � / NOTE 13 - FUND DEFICIT Enterprise Funds—::.- My The accumulated deficit of _l $223,854 represents the accumulated operating losses since the District's inception It is attributable to depreciation expense recorded on contributed � ' assets, additional funding of restricted assets, and the estimated coot of landfill closure. The deficit will be eliminated by continuing to collect | charges and fees as increased in the prior year. | / C-3O MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 14 - EXPENDITURES IN EXCESS OF APPROPRIATIONS The following cost center had expenditures in excess of appropriations at September 30, 1993: General Fund: Debt Service - The Property Appraiser budgets payments for lease purchases as capital outlay, thereby causing the related category for capital outlay to appear to be overbudgeted. Expenditures exceeded appropriations by $142,448. 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. During 1993, separate funds were created for the Key West and Marathon airports. Revenues in these funds are generated by rents and user fees. The key financial data for the year ended September 30, 1993 for the above services are as follows: Municipal Card Service Sound Marathon Key West District Bridge Airport Airport Total Operating Revenues $ 14, 446,978 S 1, 774,930 $ 359,086 $ 1,404,104 S 17,985,098 Operating Expenses 13,640,389 839,102 289,040 1,296,836 16,065,367 Depreciation 116,076 88,956 10,503 38,680 1,054,215 Total Operating Expenses 14, 556,465 228,058 299,543 1, 335,516 17, 119,582 Operating Income 190,513 546,872 59,543 68,588 865,516 Operating Grants 812,567 227,110 790,747 470,137 2,300,561 Interest Income 535,181 517,946 6,624 9,664 1,069,415 Interest Expense and Other Debt Service Costs (638,908) (149,491) - - (788,399) Loss on Disposition of Assets (6,586) (2,126) - - (8,712) Operating Transfers In 2,727,395 380,969 218,653 134,208 3,461,225 Operating Transfers Out (1,632,112) (401,874) (14,338) _ (26,793) C2,075,117) Net Income 1,988,050 1,119,406 1,061,229 655,804 4,824,489 Fund Equity, 1992 4,568,968 3,827,464 - - 8,396,432 Contributed Capital - 5,050,000 1,741,201 1,169,137 7,960,338 Fund Equity, 1993 $ 6,557,018 $ 9,996,870 $ 2,802,430 $ 1,824,941 $ 21,181,259 Assets $22,883a203 $ 14,830,596 $ 3,582,868 $ 2,109,252 $ 43,405,919 Long-Term Debt $ 10,156,633 $__4,441,519 S 4,474 $ 594786 $ 14,667,412 Acquisition of Property $ 948,142 $ $ 925,924 $ 388,991 S 2.263,057 Net Increase (Decrease) in Cash Flows S 3_�57 746) $ (587,898) $ 413,396 $ 745,279 S (2,586,969) C-37 � � MONROE COUNTY, FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS _ NOTE 16 - BUDGETARY - GAA9 REPORTING RECONCILIATION The accompanying Combined Statement 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 5eptembgr3O, 1993 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 QAAP^ 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` 1993 is presented as follows: -- Speciat Debt Capital Expendable _General_ _Revenue _Service - _Projects._ _Trust _ Excess of revenues and other sources over (under) expenditures and other uses - budgetary basis $ 3^��^Z2Z $ 5�457 890 &11_�QP_6079) IJIA��81��/ $_1��160 '— Adjustments: To adjust revenues for mortgage repayments recorded as a reduction of assets ' (512'500) ` rm adjust revenues for proceeds of tax anticipation note (1'005'000) - - - To adjust expenditures for accruals 19.227 ' To adjust expenditures for repayment of tax anticipation note - suo'000 To adjust expenditures for purchases of Land re="ru°a as /n.e"t=,r - 498'607 To record excess of revenues over (under) expenditures for unuvuoeted /unua; Board, Impact Fees, Fire and -� Emergency wedicm[ Services ' 34.583 Sheriff, Safety neat <91> - Sheriff, Federal Grant - - m`er/+r Inmate Welfare -__ ___�~646 Total Adjustments 19,227 __�8���) ���� s^ceam or revenues and other sources over (under) expenditures and . , other uses ' sAxpbawis $ 3,0I�0�� $ 4 73 489 $0,006,079/ IUAII18 21.) �~�����| NOTE 17 - 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 546^000 full-time employees of various governmental units within the State of Florida. ~ | The System provides for vesting of benefits after lOyears of creditable service. } Normal� retirement benefits are available to employees who retire at or after age 62 with lO 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 C-38 -- MONROE COUNTY. FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS � MOTE 17 - RETIREMENT PLAN (Continued) normal retirement age. Retirement benefits are based upon age, average C00p8A3atioD and years-of-service Credit where average compensation is computed as the average of an individual "n five highest years of earnings. The County has no responsibility to the System other than to make the periodic payments required by state statutes. Ten-year historical trend information showing the 8vmtem^s progress in accumulating sufficient assets to pay benefits when due is presented in the Sv8t80'3 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 creditedprojected benefits and is intended to assist users in assessing the p|an'a 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 awhole, determined through an actuarial valuation performed as of that date, was $39.7 billion. The Svstem's net assets available for benefits QO that date (valued at market) were $31.7 billion, resulting in an unfunded pension benefit obligation of $8.0 billion. Participating employer contributions are based upon state-wide rates established by the State of Florida. These rates are applied to employee salaries as follows: regular employees, 17.27%, special risk employees, 27.14%, and elected Officials, 25.84%. There are no employee contributions to the plan. The CoVnty^D contributions of approximately $6,464,000 made during the year ended September 30, I993 were made in accordance with contribution requirements determined by the actuarial valuation of the System as of June 30, 1993. These contributions represented approximately .25% of total contributions required of all participating employers during the fiscal year of the System ended June 30, 1992. Total payroll for County employees during the fiscal year ended September 30, 1993 was approximately $31,590,000, with the portion attributed to employees covered by the System being $31`119"000. The COOtrihUtiQO to the S»8t80 for the year was approximately 20.8% of total covered payroll . There were no changes in actuarial assumptions, benefit provisions, actuarial funding methods or any other significant factors that affected the CnUMty's contribution during the fiscal year ended September 30, 1993' Effective January l, 1984 contribution rates were increased to cover future normal costs and to amortize the unfunded liability determined as of June 30, 1993. C-39 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30. 1993 NOTE 18 - INTERFUND TRANSFERS Operating Transfers during the year ended September 30, 1993 consisted of the following: Operating Operating Fund Transfers In Transfers Out General Fund $ 23,609.114 $ 1,066.163 Special Revenue Funds: Fine and Forfeiture - 22,063,929 Road and Bridge 4,151 90,504 Fire and Ambulance District 1 - 283,912 Fire and Ambulance District 5 - 87,379 Fire and Ambulance District 6 - 83,929 Translator System - 12,662 Planning, Building and Zoning 236,190 127,642 Parks and Recreation - 26,065 Upper Keys Healthcare - 2,350 240,341 22,778,372 Debt Service: 1991 Sales Tax Revenue Bonds 4.881.179 - Capital Project: One Cent Infrastructure Surtax - 6,349,324 Expendable Trust: Court Facility Fees 85,207 - Enterprise Fund: Municipal Service District 2,727,395 1,632,112 Card Sound Bridge 380,969 401,874 Marathon Airport 218,653 14,338 Key West Airport 134,208 26,793 3,_461,225 2,075,117 Internal Service Fund: Worker's Compensation - 5,146 Group Insurance - 3,972 Risk Management 5,000 3,972 5,000 13,090 1 32,282,066 32,282,066 C-40 MONROE COUNTY FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS SEPTEMBER 30 1993 NOTE 18 - INTERFUND TRANSFERS (Continued) Residual Equity Transfers during the year ended September 30, 1993 consisted of the following: Equity Equity Fund Transfers In Transfers Out General Fund $ - $ 800,298 Special Revenue Funds: Impact Fees, Roadways - 5,050,000 911 Enhancement Fees 18,547 - 18.547 5,050,000 Enterprise Funds: Card Sound Bridge 5,050,000 - Marathon Airport 325,601 - Key West Airport 456,150 - 5,831<751 - $ 5,850,298 5,850,298 NOTE 19 - 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. C-41 ~ MONROE COUNTY.,- FLORIDA NOTES TO COMBINED FINANCIAL STATEMENTS NOTE 20 - LITIGATION The County is a defendant in various lawsuits and is involved in other disputes -- wherein substantial amounts are claimed. In 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 CmOntv,s financial -- condition. NOTE 21 - COMMITMENTS AND CONTINGENCIES lossesSelf Insurance Programs - The County is self-insured for in the areas of liability and workers" compensation. Claims are paid from the Group Insurance, -- Worker's Compensation, and Risk Management Internal Service Funds which are funded by contributions from other funds and, in the case of Group Insurance, employees. The contributions are determined by projected losses based on -_ historical claims experience. Estimated liabilities for claims incurred but not reported are accrued based on projections estimated by County staff from historical data. As of September 30, 1993, there were no material long-term liabilities for claims and judgements. - 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 February 20, 1994 there were no material questioned or disallowed costs as a result of grant audits in process or Completed. Arbitraq�� Rebate - In accordance with the Tax Reform Act of I986^ any interest earnings on borrowed construction funds in excess of the interest coots are -- required to be rebated to the federal government. The County has estimated that there will be no significant liability for arbitrage rebate. -, 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 nnncommencement of construction. Taxing District Refund - By resolution adopted June 22, 1992, the Board created a new taxing district to fund the cost of new medical equipment and facilities -1 at Mariner's Hospital . The hospital subsequently entered into an agreement with another organization which will providethe equipment and facilities contemplated in the 1992 resolution. Accordingly, the Board approved the dissolution of the district on September 29, 1993 and will refund all amounts collected to the � taxpayers. | C-42 ___ _- THIS PAGE INTENTIONALLY LEFT BLANK 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. MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 13,853,324 $ 14,234,040 $ 380,716 Licenses and Permits 220,000 239,229 19,229 Intergovernmental 11,349,401 11,301,868 (47,533) Charges for Services 2,976,227 2,898,353 (77,874) Fines and Forfeitures 17,600 80,845 63,245 Interest 412,800 459,093 46,293 Miscellaneous 353,166 472,363 119,197 Total Revenues 29,182,518 29,685,791 503,273 Expenditures: Current: General Government: Board of County Commissioners 1,237,648 986,540 251,108 Insurances-Clerk Circuit Court 274,011 274,011 -- Insurances-Clerk to the Board 105,213 105,213 -- Insurances-Microfilm 19,663 19,663 -- Clerk to the Board 665,551 654,847 10,704 Clerk of the Circuit Court 1,096,559 1,058,230 38,329 Public Records Trust Fund 275,935 89,298 186,637 Clerk of the Circuit Court-Microfilm 161,070 140,891 20,179 Clerk of the County Court 735,105 699,297 35,808 Clerk - Data Processing 348,946 334,535 14,411 Clerk - Electronic Recording 100,065 100,050 15 Clerk - Domestic Relations 51,761 51,168 593 Criminal Systems Capital Purchase 140,536 99,232 41,304 Internal Audit 88,109 71,298 16,811 TDC Audit Function 107,283 93,343 13,940 County Attorney 748,856 569,292 179,564 Property Appraiser 2,122,041 1,950,276 171,765 Tax Collector 2,590,316 2,511,191 79,125 Circuit Court 367,472 308,853 58,619 Guardian Ad Litem 101,242 77,185 24,057 County Court 71,959 66,735 5,224 Pretrial Services 335,603 314,530 21,073 State Attorney 130,188 74,359 55,829 Public Defender 166,425 142,584 23,841 Guardianship of Monroe County 45,308 44,910 398 Guardianship Evaluation 25,000 21,838 3,162 Supervisor of Elections 449,354 448,527 827 Elections 114,390 114,369 21 County Administrator 251,644 219,683 31,961 Information Systems 1,189,835 1,101,484 88,351 Office of Management&Budget 196,594 196,412 182 Management Services 102,664 100,380 2,284 Purchasing 141,986 136,883 5,103 D-1 (Continued) i 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, 1993 Variance Favorable Budget Actual (Unfavorable) Public Information Office 32,099 26,531 5,568 EDA Grant 125,000 17,667 107,333 Personnel\Safety 225,721 218,226 7,495 Public Works Management 123,486 121,678 1,808 Public Works Garage 641,326 620,184 21,142 Public Works Facilities Maintenance 2,937,995 2,899,111 38,884 Advertising 5,000 4,659 341 Public Safety Management 130,277 127,750 2,527 Community Services Management 100,982 100,011 971 Pilot Residential Work Release Program 8,321 8,321 -- Anti Drug Abuse Pretrial 67,472 61,459 6,013 Anti Drug Program Administration 12,000 9,968 2,032 Anti Drug Life Center 30,401 24,568 5,833 Salary Adjustment 95,822 -- 95,822 Salary Adjustment 9,575 -- 9,575 Total General Government 19,103,809 17,417,240 1,686,569 Public Safety: Medical Examiner 321,275 321,275 -- Emergency Management 221,429 201,155 20,274 Radiological Emergency Preparedness Grant 116,652 88,163 28,489 Emergency Medical Services Coordinator 113,318 107,846 5,472 Emergency Medical Services Award Grant 277,446 206,670 70,776 Communications Project 137,232 136,292 940 Emergency Transport Vehicle Project 75,256 75,256 -- Continuing Professional Education Grant 4,158 3,080 1,078 Communications 29,900 25,677 4,223 Medical/Rescue Equipment Project 167,760 ®- 167,760 Emergency Medical Communications 29,598 26,290 3,308 Emergency Medical Air Transportation 50,000 26,548 23,452 Communications 294,574 268,825 25,749 Hurricane Andrew 595,046 571,305 23,741 Red Cross Lower Keys 10,000 10,000 -- Red Cross Upper Keys 10,000 8,752 1,248 Sheriff _ 22,665,371 22,102,516 562,855 Total Public Safety 25,119,015 24,179,650 939,365 Physical Environment: DNR Derelict Vessel 26,900 26,900 -- DNR Shrimp Boat 21,670 21,670 -- DNR Eyelet Bolts 15,660 15,660 -- DNR City of Key West 132,800 53,100 79,700 DNR Derelict Vessel 56,900 56,900 -- DNR Kemp Channel#11 2,870 2,870 -- D-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, 1993 Variance Favorable Bud ec� t Actual (Unfavorable) DNR Derelict Vessel 091132 6,500 6,500 -- DNR Derelict Vessel 091118 1,400 1,400 -- DNR Key Colony Beach#3 2,767 2,767 -- DNR Derelict Vessel 091314 2,600 2,600 -- DNR Derelict Vessel 091246 3,000 3,000 -- DNR Derelict Vessel 091184 580 580 -- DNR Derelict Vessel Removal Phase 11 550,000 -- 550,000 DNR Cow Key#16 2,417 2,417 -- DNR Cudjoe Key#16 2,590 2,590 - - DNRTavernierCreek 1,500 1,500 -- DNR Derelict Vessel 091321 1,000 1,000 -- DNR Derelict Vessel 091340 4,200 4,200 -- DNR Derelict Vessel 091389 1,867 1,867 -- DNR Derelict Vessel 091381 13,500 13,500 -- Wildlife Pond Aeration 566 478 88 Extension Service 125,068 123,145 i,923 Total Physical Environment 976,355 344,644 631,711 Transportation: County Engineer 67,422 50,848 16,574 Highway Beautification 25,000 22,377 2,623 Marathon Airport 3,756 3,756 -- Total Transportation 96,178 76,981 19,197 Economic Environment: Housing Authority\HUD 284,936 17,058 267,878 Veteran's Affairs 289,382 286,544 2,838 SFETC - JTPA Liaison 92,455 38,688 53,767 SFETC - Title IIA 114 114 -- SFETC Intake 115,075 72,714 42,361 Summer Youth Employment&Training 72,178 24,168 48,010 SFETC-Title IIC 32,229 6,802 25,427 Total Economic Environment 886,369 446,088 440,281 Human Services: HRS Substance Abuse Grant 392,250 70,844 321,406 HRS Homeless Mentally III 167,140 42,411 124,729 Public Works Animal Shelter 570,931 536,105 34,826 Baker Act Services 319,149 319,149 -- Mental Health 422,219 422,219 -- Monroe County Association for Retarded Citizens 25,000 25,000 -- Baker Act Transportation 76,086 74,678 1,408 Grace Jones Daycare Center 3,796 3,792 4 D-3 (Continued) � � MONROE COUNTY, FLORIDA ~ SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES |NFUND BALANCE - BUDGET AND ACTUAL GENERAL FUND - CONTINUED _. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, i993 -` Variance Favorable Actual (Unfavorable) Welfare Administration 588.245 569.003 17.242 Welfare Services 814'500 774.059 40.441 Health Care Responsibility Act 53.632 8.121 45.511 BayohoneyNanor 318.387 300.857 11.530 Senior Community Service Puoject-| 859.240 213.802 145'438 Senior Community Service Project-U 30.000 27.369 8'631 Transportation Title |||-B 271.596 200.862 70.734 NutrkionC-| 248.609 188'803 59,896 Summer Children Food Service Program 13.452 18.450 2 _ NutrkionC-|| 227.218 173.203 64.015 Hurricane Meals C-(| 8.681 6.681 - - OOE - |nHomeGnmioea 1.110.590 624.631 485.959 CCDA- Homgmukoxa 235.349 140.610 94.739 ' Homemaker|||-D 27.318 20'860 6.458 Referral 3-13Information 26.433 18.615 7.818 Community Care for the Elderly 41.460 15'348 26.120 ' AD|P 42.446 15.484 26'962 8O8P 55.601 12.579 43.022 Lower Keys AARP 1.500 1.431 OS -_ Middle Keys/ARP 1.500 1.317 183 Upper Keys AARP 1`500 1.494 U Big Pine Key AARP 1.500 1.432 68 Older Americans Volunteer Program 4.000 3.624 376 -` Legal Aid 14.250 14.229 21 Help Line 12.000 12,000 -- Domestic Abuse Shelter 20.000 20.000 -- ` Hospice of the Florida Keys 50.008 50.000 - - AiduHe|p. Inc. 35.000 35.000 - - BigBrothero\BigGiaLexa 10.000 9,998 2 Handicapped Job Placement 25.000 25.000 - - F|oridaKeyoYouthC|ub 30.000 30.000 -- Florida Keys Children Shelter 21.000 20.959 47 Wesley House 12.000 12,000 -- -` Upper Keys Youth Club 3.000 1.187 1.863 Heart of the Keys Recreation 14.000 14.000 -- 8ig Pine Athletic Association l Total Human Services Culture and Recreation: ' l Fine Arts Council 93.000 93.000 -- / Higgs Beach 100.541 98.444 2.097 Summer School Recreation Program 42.750 41.375 1.376 ~ Historic Fla. Keys Preservation Board 8.550 8.550 -- � Monroe County Museums 33.040 30.720 2.320 Lower MaU*cumbeBeach 85.192 12.530 72.662 , � 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, 1993 Variance Favorable Budget Actual (Unfavorable) Library Admin Support 324,337 285,840 38,497 Library Key West 382,979 375,867 7,112 Library Bookmobile 34,716 33,551 1,165 Library Marathon 156,977 148,411 8,566 Library Islamorada 135,066 130,299 4,767 Library Key Largo 158,673 151,915 6,758 Library Donations 103,984 40,019 63,965 Florida Local Records Grant 4,105 574 3,531 Total Cultural and Recreation 1,663,910 1,451,095 _ 212,815 Debt Service: Principal Retirement 65,442 197,989 (132,547) Interest and Fiscal Charges 15,308 25,209 (9,901) Total Debt Service 80,750 223,198 (142,448) Total Expenditures 54,648,040 49,230,928 5,417,112 Excess of Revenues Over/ (Under) Expenditures (25,465,522) (19,545,137) 5,920,385 Other Financing Sources/(Uses): Reserve for Contingencies (2,425,958) -- 2,425,958 Transfers from Other Funds 24,185,269 23,609,114 (576,155) Transfers to Other Funds (1,067,012) (1,066,163) 849 Capital Lease Acquisition 54,983 54,983 -- Total Other Financing Sources/(Uses) 20,747,282 22,597,934 1,850,652 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- Budgetary Basis (4,718,240) 3,052,797 7,771,037 Total Adjustments -- _ 19,227 19,227 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses- GAAP Basis (4,718,240) 3,072,024 7,790,264 Fund Balance, October 1, 1992 9,628,655 9,628,655 -- Equity Transfers -- 800,298 (800,298) Fund Balance, September 30, 1993 $ 4,91 4415 $ 11.-900, 881 $ 6,989,966 D-5 SPECIAL REVENUE FUNDS CQBG HOUSING REHABILITATION FUND State of Florida Department of Community Affairs Grant for rehabilitation of 32 units of low income housing at'The Rock,in Marathon. The CDBG Grant was used to leverage private investment for the construction of 10 new units of low income housing. FINE AND 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. ROAD AND BRIDGE To account for all revenues,operating expenditures and capital improvements for the County's Road Department. LAW LIBRARY To account for all revenues and operating expenditures for the County's Law Library. TOURIST DEVELOPMENT DISTRICTS To account for the local option three cent bed tax in five district funds and an Administrative and Promotional Fund for the operating expenditures of advertising, promotions and special events of the County Tourist Development Council. FIRE AND AMBULANCE DISTRICTS To account for all revenues and operating expenditures in three district funds for county fire and ambulance services. TRANSLATOR SYSTEM SERVICES DISTRICT To account for all revenues and operating expenditures for the county's television translator system. SPECIAL ROAD DISTRICTS To account for all revenues, operating expenditures, and transfers to the County's Road Department for special roads in the funds for Cross Key Waterway Estates and Venetian Drive. MARINER'S HOSPITAL SPECIAL TAXING DISTRICT To account for the revenues and operating expenditures for purchasing medical equipment and new facilities at Mariner's Hospital. ACqntinupd)____j UNINCORPORATED AREA SERVICES DISTRICT_ To account for all revenues and operating expenditures in the funds for planning, building and zoning and parks and recreation. 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. Impact Fees—Fire and EMS fund does not have a legally adopted budget. 91_1 ENHANCEMENT FEES To account for fees levied on each telephone access line in Monroe County for the enhancement of the 911 Emergency Telephone System. DUCK KEY SECURITY DISTRICT To account for the revenues and expenditures in providing security services for the Duck Key District. LOCAL HOUSING ASSISTANCE To account for the revenues and expenditures for the administration and implementation of the Local Housing Assistance Program. UPPER KEYS HEALTH CARE SPECIAL TAXING_DISTRICT To account for all transportation and hospitalization costs of Monroe County trauma patients in Dade County. 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_FEDERAL GRANT PROGRAM To account for all revenues and expenditures for the Sheriff Department's federal grant program. This fund does not have a legally adopted budget. COMPREHENSIVE_PLAN._LAND AUTHORITY Designated to purchase unbuildable property in the Florida Keys and repackage the properly into appropriate lot sizes to meet the new Density and Land Use Plan requirements. Property is also purchased for recreational and conservational purposes. MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS SEPTEMBER 30, 1993 Community Development Fine Road Block & & Law Grant Forfeiture Bridge Library ASSETS Assets: Cash and Cash Equivalents $ 154,176 $ 2,540,101 7,362,248 $ 19,199 Investments at Cost or Amortized Cost -- 2,981,052 2,186,105 -- Accounts Receivable: Other 10 53 Allowance for Other Uncollectible Mortgage Note Receivable 428,379 Allowance for Mortgage Receivable (248,153) Inventory of Land for Resale Due from Other Funds 24 2,347 Due from Other Governmental Units 1,091,466 701,245 1,575 Interest Receivable 37,212 27,289 Total Assets $ 402.. $ -----------6,E�49 865 $ 10,27928-7 $-20774 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 11,565 $ 61,439 $ 349,261 $ 543 Tax Anticipation Note 95,000 Accrued Wages and Benefits Payable 4,002 51,439 Due to Other Funds 132,751 80,751 9 Due to Other Governmental Units 68,856 923 Deposits in Escrow 350 Deferred Revenues Other Current Liabilities 1,496 Total Liabilities 11,565 268,544 577,724 552 Fund Equity: Fund Balances: Reserved for Encumbrances 6,500 Reserved for Land Acqusition Reserved for Inventory Reserved for Mortgage Loans 180,226 Unreserved 142 1 6,381,321 9,695,063 20,222_ Total Fund Equity __322,837 6,381,321 9,701,563 20,222 Total Liabilities and Fund Equity $ 334.402_ $ 5 $ 10 2 7 20.774 $ E-1 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS — CONTINUED SEPTEMBER 30, 1993 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 $ 383,318 $ 125,223 $ 95,687 $ 84,778 Investments at Cost or Amortized Cost -- -- Accounts Receivable: Other 2,828 262 576 681 Allowance for Other Uncollectible Mortgage Note Receivable Allowance for Mortgage Receivable Inventory of Land for Resale Due from Other Funds 74,721 583 1,313 2,407 Due from Other Governmental Units 2,226 21 Interest Receivable Total Assets $ ---46 .023- $ 126-089 $ 9T591 $ 87,866 LIABILITIES AND FUND EQUITY Liabilities; Accounts Payable $ 108,485 $ 9,940 $ 20,269 $ 23,932 Tax Anticipation Note -- -- Accrued Wages and Benefits Payable -- Due to Other Funds 42,141 5,486 15,872 1,414 Due to Other Governmental Units -- Deposits in Escrow Deferred Revenues Other Current Liabilities -- Total Liabilities 150,626 15,426 36,141 25,346 Fund Equity: Fund Balances: Reserved for Encumbrances Reserved for Land Acqusition Reserved for Inventory Reserved for Mortgage Loans Unreserved 312,467 110,663 61,450 62,520 Total Fund Equity 312,467 110,663 61,450 62,520 Total Liabilities and Fund Equity $----46-3 Q93L 7 5 1 87866 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 2 Cent 2 Cent 3 Cent 3 Cent 3 Cent 3 Cent $ 163,482 $ 786,454 $ 1,114,707 $ 163,938 $ 150,934 $ 112,548 -- -- 496,842 -- -- -- 890 600 2,808 5,494 1,875 20,958 9,430 2,057 3,642 2,043 31 4,751 3,420 32 23 6,202 -- $ -----10-278- $------81-2 163 $ 1,631,201 $ 166 027 $ -----157 4-07 $ 120,085 .......... $ 32,369 $ 66,512 $ 256,647 3,653 $ 37,516 $ 49,919 -- 912 6,139 7,811 4,098 89 267 34 ----....-.---38-,508 75,235 260,745 3,742 37,783 49,953 770 736,928 ------- 1,370,456 162,285 119,624 70,132 --- 127,770 736,928 1,370,456 162,285 119,624 70,132 278 ____812-Ma- $ 1_,201 $ 166 027 $ 157407 120,085 E-3 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS - CONTINUED SEPTEMBER 30, 1993 Tourist Fire And Development, Ambulance Fire And Fire And District District #1 Ambulance Ambulance #Five Lower and District #5 District #6 3 Cent Middle Keys Tavernier Key Largo ASSETS Assets: Cash and Cash Equivalents $ 322,622 $ 747,104 $ 247,861 $ 277,024 Investments at Cost or Amortized Cost -- 99,368 -- -- Accounts Receivable: Other 9,676 1,465,336 449 -- Allowance for Other Uncollectible -- (1,247,723) Mortgage Note Receivable -- -- -- -- Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale -- -- -- -- Due from Other Funds 6,483 -- 5,750 214 Due from Other Governmental Units 47 13,489 7,424 3 Interest Receivable -- 1,240 -- -- Total Assets $ __- 338,828 $ 1,078,814 $ 261,4 44 $ 277.241 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 130,117 $ 166,502 $ 39,882 $ 38,228 Tax Anticipation Note -- 610,000 -- -- Accrued Wages and Benefits Payable -- 49,759 996 607 Due to Other Funds 67 86,194 1,420 6,777 Due to Other Governmental Units -- 111 -- 569 Deposits in Escrow -- -- -- -- Deferred Revenues -- 20,000 -- -_ Other Current Liabilities -- -- -- -- Total Liabilities 130.,184_ 932,566 42,298 46,181 Fund Equity: Fund Balances: Reserved for Encumbrances -- 4,338 272 -Reserved for Land Acqusition -- -- -- -- Reserved for Inventory -- -- -- -- Reserved for Mortgage Loans -- -- -- -- Unreserved 208,644 141,910 218,914 231,060 Total Fund Equity 208,644 146,248 _ 219,186 231,060 Total Liabilities and Fund Equity $ 338,828 $ 1,078,814 $ 261,484 $ 277,241 E-4 Unincorporated Special Area Service Unincorporated Translator Road District Mariner's District Area Service System Cross Key Special Hospital Planning, District Service Waterway Road District Special Building and Parks and District„ Estates Venetian Drive Taxing District Zoning Recreation $ 247,945 $ 6,514 $ -- $ 1,722,938 $ 1,146,109 $ 365,163 __ -- -- -- 1,490,526 -- -- 172 3,000 -- -- - 91,086 8,496 2,554 -- -- 16,758 142,626 5,961 -- -- __ -- 18,606 -- $ _253,499 $ 6,514 $ _ - $ - . 1.739 696 $ _._ 2,889,125 $ 379,620 $ 10,495 $ -- $ -- $ -- $ 169,450 $ 4,712 -- -- -- -- 90,983 9,481 -- -- -- -- 144,156 107,837 -- -- -- 38 24,655 -- -- -- -- 12 -- 10,495 -- -- -- _404,639 146,685 2,246 -- -- -- 5,565 -- �240,758 _6_,514 _.._1,739,696 2,478 921 232,935 243,004 6,514 _ _ 1,739,696 2,484,486 232,935 $_2.53,499 $ __ 6:514. $ -- $ 1,739,696_ $ 2,889,125 $v 379,620 E-5 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS — CONTINUED SEPTEMBER 30, 1993 Impact Fees Impact Fees Parks and Impact Fees Impact Fees Roadways Recreation Libraries Solid Waste ASSETS Assets: Cash and Cash Equivalents $ 2,792,632. $ 494,024 $ 521,607 $ 472,518 Investments at Cost or Amortized Cost —— —— —— -- Accounts Receivable: Other —— —— —— —— Allowance for Other Uneollectible -- -- -- -- Mortgage Note Receivable -- -- -- -- Allowance for Mortgage Receivable -- -- -- -- Inventory of Land for Resale —— —— —— -- Due from Other Funds 276 -- -- Due from Other Governmental Units -- -- 3,686 -- Interest Receivable -- -- -- -- Total Assets $ 2 79_2 908_ $.___.___494,024 $ 525 293 $ 472,518 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 17,849 $ 7,991 -- Tax Anticipation Note -- -- -- -- Accrued Wages and Benefits Payable -- -- -- -- Due to Other Funds 318 -- -- -- Due to Other Governmental Units -- -- -- -- Deposits in Escrow 75 -- -- -- Deferred Revenues -- -- -- -- Other Current Liabilities -- -- -- -- Total Liabilities 18,242 7,991 -- -- Fund Equity: Fund Balances: Reserved for Encumbrances -- -- -- -- Reserved for Land Acqusition -- -- -- -- Reserved for Inventory — - -- -- -- Reserved for Mortgage Loans -- -- -- -- Unreserved 2,774,666 486,033 525,293 472,518 Total Fund Equity 2L774,666 `__486,033 525,293 472,518 Total Liabilities and Fund Equity $ 2,792,908 $ __. 494,024 $ 525,293 $ 472,518 E-6 Upper Keys Health Care Impact Fees 911 Duck Key Local Special Police Impact Fees Enhancement Security Housing Taxing Facilities Fire & EMS Fees District Assistance District $ 411,254 $ 34,583 $ 417 $ 24,856 $ 286,227 $ 1,263,410 -- -- -- -- -- 2,981,052 -- -- 43,938 -- -- 447 -- -- -- 1,196 20,315 12,031 -- -- -- -- -- 37,212 $ 411,254.. $ 34 583_$ ____ _44,355 $ 26 052_$ 306,542 $ 4,294,152 $ -- $ _- $ 8,919 $ 4,364 $ 27,508 $ 122,483 2,302 - - 3,000 -- -- 3,739 -_ __ -- -- -- 37 -- -- 11,919 4,364 27,508 128,561 -- -- -- -- -- 93,172 _ 411,254_ 34,583 32,436 __.21,688 279,034 _ 4,072,419 411,254 3.4,583 32436 _21,688 _ 279,034 4,165,591 $ ------__411 254_. $ 34,583_$ ... .44,355$ __._26 052 $ 306,542_$ _ 4,29 1152 E-7 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS — CONTINUED SEPTEMBER 30, 199 Sheriff Comprehensive Safety Sheriff Plan Seat Federal Land Pro ram Grant Authority Total ASSETS Assets: Cash and Cash Equivalents $ 10,049 $ -- $ 5,467,549 $ 30,119,199 Investments at Cost or Amortized Cost —— —— —— 10,234,945 Accounts Receivable: Other —— —— —— 1,534,220 Allowance for Other Uncollectible -- -- -- (1,247,723) Mortgage Note Receivable -- -- 1,214,432 1,642,811 Allowance for Mortgage Receivable -- -- (248,153) Inventory of Land for Resale —— -- 7,505,617 7,505,617 Due from Other Funds -- 270,000 -- 506,705 Due from Other Governmental Units -- 122,089 241,942 2,394,926 Interest Receivable -- -- -- 127,761 Total Assets $ _--__.__10,049_$ _ 392,089 $ 14,429,540 $ 52,570,308 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 1,700 $ 9,922 $ 2,097 $ 1,794,269 Tax Anticipation Note -- -- -- 705,000 Accrued Wages and Benefits Payable -- 12,735 -- 223,216 Due to Other Funds -- 99,432 -- 749,802 Due to Other Governmental Units -- 270,000 - — 365,189 Deposits in Escrow —— —— —— 425 Deferred Revenues —— — —— 20,000 Other Current Liabilities —— —— —— 1,508 Total Liabilities 1 700. _ 392,089 2,097 3,859,409 Fund Equity: Fund Balances: Reserved for Encumbrances -- -- -- 112,093 Reserved for Land Acqusition -- -- 2,385,579 2,385,579 Reserved for Inventory -- -- 7,505,617 7,505,617 Reserved for Mortgage Loans —— -- 1,214,432 1,394,658 Unreserved 8,349 -- 3,321,815 37,312,952 Total Fund Equity _ 8 349 -- 14,427,443 48,710,899 Total Liabilities and Fund Equity $ _-_--___10 049_-$ ......._------392,089_$ 14,429,540 $ 52,570,308 E-8 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Community Development Fine Road Block & & Law Grant Forfeiture Bridge Library _ Revenues: Taxes $ —— $ 23,230,953 $ 1,783,112 $ —— Licenses&Permits —— -- Intergovernmental -- 640,840 2,654,999 -- Charges for Services —— 193,411 3,934 —— Fines&Forfeitures -- 1,940,563 -- 19,921, Interest 9,908 283,596 333,636 231 Miscellaneous -- 19,093 74,722 2,557 Total Revenues 9,908 26,308,456 4,850,403 22,709 Expenditures: Current: General Government -- 767,065 -- 18,136 Public Safety -- 2,583,932 -- -- Physical Environment -- -- -- Transportation —— —— 3,990,231 —— Economic Environment 73,603 -- -- -- Human Services -- -- -- -- Culture and Recreation -- -- -- -- Debt Service —— —— 977 —— Total Expenditures 73,603 3,350,997 3,991,208 18,136 Excess of Revenues Over/ (Under)Expenditures 63,695 22,957,459 859,195 4,573 Other Financing Sources/(Uses): Transfers from Other Funds -- -- 4,151 -- Transfers to Other Funds —— (22,063,929) (90,504) —— Total Other Financing Sources/(Uses) -- (22,063,929) (86,353) -- Excess of Revenues and Other Sources Over/ (Under)Expenditures&Other Uses (63,695) 893,530 772,842 4,573 Fund Balance,October 1, 1992 386,532 5,487,791 8,928,721 15,649 Equity Transfers —— —— —— —— Fund Balance,September 30, 1993 $ 322,837 $ 6,381,321 9.701.563 $ 20.222 E-9 Tourist Tourist Tourist Tourist Tourist Tourist Development, Development, Development, Development, Development, Development, Administrative District District District District District and #One #Two #Three #Four #Five Promotional 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent $ 822,061 $ 85,490 $ 192,725 $ 207,935 $ 273,561 $ 3,277,743 5,256 546 1,232 1,330 1,750 20,958 10,550 3,820 1,567 2,161 4,867 14,014 31 78 17 7 160 384 837,898 89,934 196,541 211,433 280,338 3,313,099 785,847 78,213 166,995 205,864 261,396 2,868,473 785,847 78,213 166,995 205,864 261,396 2,868,473 52,051 11,721 28,546 5,569 18,942 444,626 52,051 11,721 28,546 5,569 18,942 444,626 260,416 98,942 32,904 56,951 108,828 292,302 $ . 312,467 $ 110,663 $ 61,450 $ 62,520 $ 127 770 $ 736,928 E-10 (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, 1993 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 $ 1,262,767 $ 131,321 $ 296,045 $ 319,408 Licenses&Permits -- -- -- -- Intergovernmental —— —— -- Charges for Services 8,074 839 1,892 2,043 Fines&Forfeitures —— —— —— -— Interest 62,472 4,597 2,111 6,293 Miscellaneous 519 -- -- 4,262 Total Revenues 1,333,832 136,757 300,048 332,006 Expenditures: Current: General Government —— —— —— —— Public Safety -- -- -- -- Physical Environment -- -- -- -- Transportation —— —— —— —— Economic Environment 1,425,580 83,605 217,276 547,323 Human Services Culture and Recreation -- -- -- -- Debt Service -- -- -- -- Total Expenditures 1,425,580 83,605 217,276 547,323 Excess of Revenues Over/ (Under)Expenditures (91,748) 53,152 82,772 215,317) 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 (91,748) 53,152 82,772 (215,317) Fund Balance,October 1, 1992 1,462,204 109,133 36,852 285,449 Equity Transfers -- -- -- -- -- Fund Balance,September 30, 1993 $ 1,370,456 $ 162,285 $ 119,624 $ 70,132 E-11 Tourist Fire And Special Development, Ambulance Fire And Fire And Translator Road District District District#1 Ambulance Ambulance System Cross Key #Five Lowerand District #5 District #6 Service Waterway 3 Cent Middle Keys Tavernier qy ar striq Estates �o _M_ 420,217 1,292,180 279,649 4,675 $ 273,124 $ 53,514 12,596 378 -- 2,688 565,181 2,387 2,387 12,973 86,156 16,323 21,495 9,300 232 6,071 7,702 3,204 -- 435,878 2,003,102 318,657 !;LM __2 9 84811 232 -- 95,024 16,959 8,250 -- 3,800,537 346,399 372,318 624,054 -- 253,080 13,212 -- -- 624,054 3,908,773 363,358 380,568 253,080 (188,176) (1,905,671) (44,701) (350,816) 31,731 232 (283,912) (87,379) (83,929) ___ 02,P"2 (87,379) (83,929) (12,662) (188,176) (2,189,583) (132,080) (434,745) 19,069 232 396,820 2,335,831 351,266 665,805 223,935 6,282 208 6-44 $-----146 2-48 $-- 21-9 180 $-----23l-Q60 $ 243,004 $ 6514 E-12 (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, 1993 Unincorporated Area Service Unincorporated Mariner's District Area Service Special Hospital Planning, District Road District Special Building and Parks and Venetian Drive Taxing District Zonincf Recreation Revenues: Taxes $ -- $ 1,689,591 $ 2,023,284 $ 547,598 Licenses&Permits -- -- 2,182,810 -- Intergovernmental -- -- 269,098 2,515 Charges for Services -- 16,707 193,538 34,169 Fines&Forfeitures -- -- 31,653 -- Interest 534 43,440 121,457 11,019 Miscellaneous -- -- 9,751 1,999 Total Revenues 534 1,749,738 4,831,591 597,300 Expenditures: Current: General Government -- 49,433 1,968,406 -- Public Safety -- -- 2,035,858 -- Physical Environment -- -- 396,580 -- Transportation 3,156 -- 12,187 -- Economic Environment -- -- -- -- Human Services -- -- -- -- Culture and Recreation -- -- -- 462,668 Debt Service -- -- 9,967 -- Total Expenditures 3,156 49,433 4,422,998 462,668 Excess of Revenues Over/ (Under)Expenditures (2,622) 1,700,305 408,593 134,632 Other Financing Sources/(Uses): Transfers from Other Funds -- -- 236,190 -- Transfers to Other Funds -- -- (127,642) (26,065) Total Other Financing Sources/(Uses) -- -- 108,548 _ 26,065 Excess of Revenues and Other Sources Over/ (Under)Expenditures&Other Uses (2,622) 1,700,305 517,141 108,567 Fund Balance,October 1, 1992 2,622 39,391 1,967,345 124,368 Equity Transfers -- -- -- -- Fund Balance,September 30, 1993 $ -- $ 1,739,696 $ 2,484,486 $ 232,935 E-13 Impact Fees Impact Fees Impact Fees Impact Fees Parks and Impact Fees Impact Fees Police Fire and Roadways Recreation Libraries Solid Waste _Facilities EMS 152,718 18,917 15,522 15,690 11,596 187 567,379 131,477 128,722 46,790 76,267 34,396 720,097 150,394 144,244 62,480 87,863 34,583 -- -- -- - - 204 _® -_ -- -- 130 - -92,907 -- 174,926 3,245 -- -- -- 92,907 174,926 3,245 130 204 -- 627,190 (24,532) 140,999 62,350 87,659 34,583 627,190 (24,532) 140,999 62,350 87,659 34,583 7,197,476 510,565 384,294 410,168 323,595 -- (5,050,000) -- -- -- -- 774�666._ $ 486,033 $_ 525 293 $ 472,518 $ 411 44 $ 34 583 E-14 (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, 1993 Upper Keys Health Care 911 Duck Key Local Special Enhancement Security Housing Taxing Fees District Assistance District Revenues: Taxes $ -- $ -- $ - - $ 1,261,248 Licenses&Permits -- -- -- -- Intergovernmental -- -- 304,958 31 Charges for Services 214,571 1,193 -- 11,934 Fines&Forfeitures -- -- -- -- Interest -- 1,124 1,584 162,469 Miscellaneous -- 64,358 -- 3.116 Total Revenues 214,571 66,675 306,542 1,438,798 Expenditures: Current: General Government -- 1,878 -- 63,477 Public Safety 200,682 43,109 -- -- Physical Environment -- -- -- -- Transportation -- -- -- -- Economic Environment -- -- 27,508 -- Human Services -- -- -- 627,608 Culture and Recreation -- -- -- -- Debt Service -- -- -- -- Total Expenditures 200,682 44,987 27,508 691,085 Excess of Revenues Over/ (Under)Expenditures 13,889 21,688 279,034 747,713 Other Financing Sources/(Uses): Transfers from Other Funds -- -- -- Transfers to Other Funds -- -- -- (2,350) Total Other Financing Sources/(Uses) -- -- -- (2,350) Excess of Revenues and Other Sources Over/ (Under) Expenditures&Other Uses 13,889 21,688 279,034 745,363 Fund Balance,October 1, 1992 -- -- -- 3,420,228 Equity Transfers 18,547 -- -- -- Fund Balance,September 30, 1993 $ 32,436 $ 21,688 $ 779,034 $ 4.165,5 11 E-15 Sheriff Comprehensive Safety Sheriff Plan Seat Federal Land Program Grant Authority Total —— $ —— $ —— $ 39,674,687 -- -- -- 2,182,810 -- 541,823 1,744,467 6,225,219 -- -- -- 1,286,020 -- -- -- 1,992,137 —— —— 154,096 1,596,655 1,540 -- 9,672 1,194,274 1,540 541,823 1,908,235 54,151,802_ -- -- 518,550 3,507,178 1,631 541,823 -- 9,926,493 —— —— —— 396,710 -- -- -- 4,098,481 -- -- -- 7,365,737 — —— —— 627,608 —— —— —— 893,919 -- -- -- 24,156 1,631 541,823 518,550 26,840,282 91 —— — 1,389 685 _ 27,311,520 —— —— —— 240,341 —— —— —— 22,778 372 (22,538,031) (91) -- 1,389,685 4,773,489 8,440 -- 13,037,758 48,968,863 —— —— --— (5,031,453) $ _ 8,349 $ -- $ 14,427, 443 $ 48,710,899 E-16 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL CDBG HOUSING REHABILITATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 10,000 $ 9,908 $ (92� Expenditures: Current: Housing and Urban Development: Neighborhood Facilities 90,606 _ 73,603 17,00 Excess of Revenues Over/ (Under)Expenditures (80,606) (63,695) 16,911 Other Financing Sources/(Uses): Reserve for Contingencies _ (35,000) -- 35,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (115,606) (63,695) 51,911 Fund Balance, October 1, 1992 386,532 386,532 -- Fund Balance,September 30, 1993 $ 270,926 $ 322, 37 $ 51, 11 E-17 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL FINE AND FORFEITURE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budaet Actual (Unfavorable)_ Revenues: Taxes $ 23,970,000 $ 23,230,953 $ (739,047) Intergovernmental 217,825 640,840 423,015 Charges for Service 113,500 193,411 79,911 Fines and Forfeitures 1,608,000 1,940,563 332,563 Interest 250,000 283,596 33,596 Miscellaneous - 19,093 19.093 Total Revenues 26,159,325 26,308,456 149,131 Expenditures: Current: General Government: Witness Fees 777,755 767,065 10,690 Salary Adjustment 3,350 3,350 Total General Government 781,105 767,065 14,040 Public Safety: Sheriff's Other 2,255,266 1,955,681 299,585 Sheriff Video 228,161 228,161 LEEA Funds 75,000 75,000 Jail Operations 306,800 239,930 66,870 Public Works Correction Facilities 369,159 313,321 55,838 Total Public Safety 3,234,386 2,583,932 650,454 Total Expenditures 4,015,491 3,350,997 664,494 Excess of Revenues Over/ (Under) Expenditures ___22,143,834 22,957 459 813,625 Other Financing Sources/(Uses): Reserve for Contingencies (2,455,830) 2,455,830 Transfers to Other Funds (22,639,235) (22,063,929) 575,306 Total Other Financing Sources/(Uses) (25,095,065) (22,063,929) 3,031,136_ Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (2,951,231) 893,530 3,844,761 Fund Balance,October 1, 1992 5,487,791 5,487,791 Fund Balance,September 30, 1993 $ 2,536,560 $ ------Q_381321 $ 3,8444,761 E-18 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL ROAD AND BRIDGE FUND SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,300,000 $ 1,783,112 $ 483,112 Intergovernmental 2,180,000 2,654,999 474,999 Charges for Services 3,000 3,934 934 Interest 344,000 333,636 (10,364) Miscellaneous -- 74,722 74,722 Total Revenues 3,827,000 4,850,403 1,023,403 Expenditures: Current: General Government: Salary Adjustment 33,943 -- 33,943 Transportation: Road Department 1,697,464 1,451,487 245,977 Boot Key Bridge 141,680 128,825 12,855 Transportation 358,837 344,710 14,127 County Engineer 520,531 394,504 126,027 Local Option Gas Tax: Road Department,Operating 173,852 128,105 45,747 Tropical Key Colony 95,000 56,267 38,733 Street Lighting 268,842 230,403 38,439 Local Option Gas Tax Projects 1,796,405 56,978 1,739,427 80%Gas Tax 5,420,150 950,758 4,469,392 In-House Projects 250,000 248,194 1,806 Total Transportation 10,722,761 3,990,231 6,732,530 Debt Service: Principal Retirement 937 937 -- Interest and Fiscal Charges 40 40 -- Total Debt Service 977 977 -- Total Expenditures 10,757,681 3,991,208 6,766,473 Excess of Revenues Over/(Under) Expenditures (6,930,681) 859,195 7,789,876 Other Financing Sources/(Uses): Reserve for Contingencies (296,792) -- 296,792 Transfers to Other Funds (91,353) (90,504) 849 Transfers from Other Funds 5,000 4,151 (849) Proceeds from Tax Anticipation Note 95,000 95,000 -- Total Other Financing Sources/(Uses) (288,145) 8,647 296,792 E-19 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE—BUDGET AND ACTUAL ROAD AND BRIDGE FUND SPECIAL REVENUE FUND — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses — Budgetary Basis (7,218,826 1 _ 867.842 8,086,668 Adjustment for Receipt of Tax Anticipation Note 95,000 ________J95,OnO —— Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses — GAAP Basis (7,313,826) 772,842 8,086,668 Fund Balance, October 1, 1992 8,928,721 _8,928,T 21 Fund alance,September 30, 1993 $ 1,614,895 $ 9,701,563 $ 8,086,668 E-20 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, 1993 Variance Favorable Budget Actual Unfavorable Revenues: Fines and Forfeitures $ 16,750 $ 19,921 $ 3,171 Interest 300 231 (69) Miscellaneous 2,500 2,557 57 Total Revenues 19,550 22,709 3,159 Expenditures: Current: General Government: Operations 18,250 18,136 114 Excess of Revenues Over/ (Under)Expenditures 1,300 4,573 3,273 Other Financing Sources/(Uses): Reserve for Contingencies (5,700) -- 5,700 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (4,400) 4,573 8,973 Fund Balance,October 1, 1992 15,649 15,649 -- Fund Balance,September 30, 1993 $ _._11,249 20,222 $ 8,973 E-21 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT, DISTRICT ONE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unf 6,orable)_ Revenues: Taxes $ 763,537 $ 822,061 $ 58,524 Charges for Services 5,256 5,256 Interest 16,000 10,550 (5,450) Miscellaneous 31 31 Total Revenues 779,537 437,898 58,361 Expenditures: Current: Economic Environment: Events 564,055 481,044 83,011 Cultural Umbrella 160,291 143,591 16,700 Fishing Umbrella 1771915 161,212 16,703 Total Expenditures 902,261 785,847 116,414 Excess of Revenues Over/ (Under) Expenditures (122,724) 52,051 174,775 Fund Balance,October 1, 1992 260,41 260,416 Fund Balance,September 30, 1993 $ 137,692 312,467 $ 174775 E-22 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 68,256 $ 85,490 $ 17,234 Charges for Services —— 546 546 Interest 4,600 3,820 (780) Miscellaneous —— 78 78 Total Revenues 72,856 89,934 17,078 Expenditures: Current: Economic Environment: Events 125,605 46,542 79,063 Cultural Umbrella 15,649 14,920 729 Fishing Umbrella 17,375 16,751 624 Total Expenditures 158,629 78,213 80,416 Excess of Revenues Over/ (Under)Expenditures (85,773) 11,721 97,494 Fund Balance,October 1, 1992 98,942 98,942 -- Fund Balance,September 30, 1993 $ 13,169 $ 110,663 $ 97,494 E-23 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL TOURIST DEVELOPMENT, TWO CENT, DISTRICT THREE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable .........Budgqt____ Actual (Unfavorable) Revenues: Taxes $ 163,301 $ 192,725 $ 29,424 Charges for Services 1,232 1,232 Interest 1,700 1,567 (133) Miscellaneous 17 —. 17 Total Revenues 165 001 195,541 0,540 Expenditures: Current: Economic Environment: Events 101,715 95,562 6,153 Cultural Umbrella 35,075 33,653 1,422 Fishing Umbrella 39,074 37,780 1,294 Total Expenditures 175,864 166,995 8,869 Excess of Revenues Over/ (Under)Expenditures (10,863) 28,546 39,409 Fund Balance,October 1, 1992 32,904 32,904 -- Fund Balance,September 30, 1993 ------22 04-1 61,450 $ 39,409 E-24 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 189,407 $ 207,935 $ 18,528 Charges for Services —— 1,330 1,330 Interest 4,500 2,161 (2,339) Miscellaneous -- 7 7 Total Revenues 193,907 211,433 17,526 Expenditures: Current: Economic Environment: Events 129,456 129,440 16 Cultural Umbrella 36,367 36,321 46 Fishing Umbrella 40,808 40,103 705 Total Expenditures 206,631 205,864 767 Excess of Revenues Over/ (Under) Expenditures (12,724) 5,569 18,293 Fund Balance,October 1, 1992 56,951 56,951 -- Fund Balance,September 30, 1993 $ 44,227 $ 62.520 $ 18,293 E-25 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, 1993 Variance Favorable ydget Actual — (Unf forapje)_ Revenues: Taxes $ 240,191 $ 273,561 $ 33,370 Charges for Services 1,750 1,750 Interest 6,000 4,867 (1,133) Miscellaneous 160 160 Total Revenues 2�46,191 280,338 34,147 Expenditures: Current: Economic Environment: Events 160,803 158,827 1,976 Cultural Umbrella 50,940 47,799 3,141 Fishing Umbrella 57,366 54,770 2,596 Total Expenditures 269,109 261,396 71713 Excess of Revenues Over/ (Under)Expenditures (22,918) 18,942 41,860 Fund Balance,October 1, 1992 108,828 108,828 -- Fund Balance,September 30, 1993 85,910 127,770 $ 41-860 E-26 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 2,952,241 $ 3,277,743 $ 325,502 Charges for Services —— 20,958 20,958 Interest 24,358 14,014 (10,344) Miscellaneous —— 384 384 Total Revenues 2,976,599 3,313,099 336,500 Expenditures: Current: Economic Environment: Advertising and Promotion 2,647,912 2,587,115 60,797 Administrative Services 292,356 281,358 10,998 Total Expenditures 2,940,268 2,868,473 71,795 Excess of Revenues Over/ (Under)Expenditures 36,331 444,626 408,295 Fund Balance,October 1, 1992 292,302 292,302 -- Fund Balance,September 30, 1993 $ 328,633 $ 736,928 $ 408,295 E—27 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, 1993 Variance Favorable uqgq.t —Actual (Unfavorable) Revenues: Taxes $ 1,205,674 $ 1,262,767 $ 57,093 Charges for Services 8,074 8,074 Interest 77,700 62,472 (15,228) Miscellaneous 519 519 Total Revenues 1,283 374 1 33,832 50458 Expenditures: Current: Economic Environment: TDC Administrative 32,376 13,205 19,171 Tourist Information Services 180,254 158,987 21,267 Bricks and Mortar 1,450,291 374,512 1,075,779 Special Events 296,078 157,365 138,713 Promotion and Advertising 722,410 _721,511 899 Total Expenditures 2,681,409 1,425,580 1,255,829 Excess of Revenues Over/ (Under)Expenditures (1,398,035) (91,748) 1,306,287 Fund Balance,October 1, 1992 1,462,204 _1,462,204 -- Fund Balance,September 30, 1993 64J69 1,370,456 1.306.287 E-28 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 111,713 $ 131,321 $ 19,608 Charges for Services -- 839 839 Interest 6,450 4,597 (1,853) Total Revenues 118,163 136,757 18,594 Expenditures: Current: Economic Environment: Third Cent Program 130,057 -- 130,057 TDC Administrative 3,368 1,356 2,012 Tourist Information Services 53,533 53,533 -- Bricks and Mortar 1,665 -- 1,665 Promotion and Advertising 29,960 26,750 3,210 Special Events 2,805 1,966 839 Total Expenditures 221,388 83,605 137,783 Excess of Revenues Over/ (Under)Expenditures (103,225) 53,152 156,377 Fund Balance,October 1, 1992 109,133 109,133 -- Fund Balance,September 30, 1993 $ 5,908 $ 162,285 $ 156,377 E-29 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT THREE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPT EMBER 30, 1993 Variance Favorable Budget_-- Actual (Unfavorable) Revenues: Taxes $ 279,388 296,045 $ 16,657 Charges for Services 1,892 1,892 Interest 3,000 2, 111 (889) Total Revenues 282,388 300,048 17660 ------------------ Expenditures: Current: Economic Environment: Third Cent Program 62,736 62,736 TDC Administrative 8,048 3,050 4,998 Tourist Information Services 108,500 105,391 3,109 Bricks and Mortar 33,572 20,610 12,962 Promotion and Advertising 87,664 87,189 475 Special Events 4,600 1,036 3,564 Total Expenditures 305,120 217,276 87,844 Excess of Revenues Over/ (Under) Expenditures (22,732) 82,772 105,504 Fund Balance,October 1, 1992 36,852 36,854_ Fund Balance,September 30, 1993 $ 1-4120 �119 624 �105 504 E-30 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT FOUR SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 321,323 $ 319,408 $ (1,915) Charges for Services -- 2,043 2,043 Interest 23,000 6,293 (16,707) Miscellaneous -- 4,262 4,262 Total Revenues 344,323 332,006 (12,317) Expenditures: Current: Economic Environment: 3rd Cent Program 38,516 -- 38,516 TDC Administrative 18,760 3,323 15,437 Tourist Information Services 79,550 79,549 1 Special Events 96,799 87,799 9,000 Promotion and Advertising 378,930 376,652 2,278 Total Expenditures 612,555 547,323 65,232 Excess of Revenues Over/ (Under)Expenditures (268,232) (215,317) 52,915 Fund Balance,October 1, 1992 285,449 285,449 -- Fund Balance,September 30, 1993 $ 17,217 $ 70,132 $ 52,915 E-31 MONROE COUNTY, FLORIDA ® BOARD OF COUNTY COMMISSIONERS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TOURIST DEVELOPMENT, THREE CENT, DISTRICT FIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPT EMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable)_ Revenues: Taxes $ 401,213 420,217 19,004 Charges for Services -- 2,688 2,688 Interest 27,000 12,973 -.--_C14,027j Total Revenues 428,213 435,878 7,665 Expenditures: Current: Economic Environment: 3rd Cent Program 51,881 51,881 TDC Administrative 23,490 4,369 19,121 Tourist Information Services 182,800 98,802 83,998 Bricks and Mortar 18,281 4,062 14,219 Special Events 70,500 62,609 7,891 Promotion and Advertising 456,670 454,212 2,458 Total Expenditures 803,622 6�24,054 179,568 Excess of Revenues Over/ (Under)Expenditures (375,409) (188,176) 187,233 Fund Balance,October 1, 1992 396,820 396,820 Fund Balance,September 30, 1993 21,411 208,644 1-87233 E-32 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#1 - LOWER AND MIDDLE KEYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable; Revenues: Taxes $ 1,290,017 $ 1,292,180 $ 2,163 Intergovernmental 40,000 53,514 13,514 Charges for Services 390,000 565,181 175,181 Interest 125,000 86,156 (38,844) Miscellaneous -- 6,071 6,071 Total Revenues 1,845,017 2,003,102 158,085 Expenditures: Current: General Government: Commissions and Fees 116,900 95,024 21,876 Public Safety: Fire Rescue, Dist- Lower&Middle Keys 867,972 803,224 64,748 Ambulance, Dist - Lower&Middle Keys 2,092,747 2,071,670 21,077 EMS Matching Grant 116,000 51,719 64,281 TAN Fire Equipment 910,000 873,924 36,076 Total Public Safety 3,986,719 3,800,537 186,182 Debt Service: Principal 300,000 300,000 -- Interest 14,000 13,212 788 Total Debt Service 314,000 313,212 788 Total Expenditures 4,417,619 4,208,773 208,846 Excess of Revenues Over/(Under)Expenditures (2,572,602) _(2,205,671) 366,931 Other Financing Sources/(Uses): Reserve for Contingencies (230,978) -- 230,978 Transfers to Other Funds (283,912) (283,912) -- Proceeds from Tax Anticipation Note 910,000 9101000 -- Total Other Financing Sources/(Uses) 395,110 626,088 230,978 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses - Budgetary Basis (2,177,492) (1,579,583) 597,909 Adjustment for Receipt of Tax Anticipation Note (910,000) (910,000) -- Adjustment for Repayment of Tax Anticipation Note 300,000 300,000 -- E-33 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN 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, 1993 Variance Favorable Budget Actual (Unfavorable: Total Adjustment __ 610,000) (610,000) - Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses— GAAP Basis (2,787,492) (2,189,683) 697,909 Fund Balance,October 1, 1992 2,335,831 2,335,831 — Fund Balance,September 30, 1993 $ _____(451 661 $ 146,248 $ 597,909 E-34 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 289,400 $ 279,649 $ (9,751) Intergovernmental 10,000 12,596 2,596 Charges for Services -- 2,387 2,387 Interest 35,000 16,323 (18,677) Miscellaneous -- 7,702 7,702 Total Revenues 334,400 318,657 (15,743) Expenditures: Current: General Government: Commissions and Fees 23,786 16,959 6,827 Salary Adjustment 884 -- 884 Total General Government 24,670 16,959 7,711 Public Safety: Tavernier Volunteer Ambulance 167,957 142,905 25,052 System Evaluation/QualityAssurance 20,000 20,000 -- Tavernier Volunteer Fire Dept. 219,503 183,494 36,009 Total Public Safety 407,460 346,399 61,061 Total Expenditures 432,130 363,358 68,772 Excess of Revenues Over/(Under)Expenditures (97,730) (44,701) 53,029 Other Financing Sources/(Uses): Reserve for Contingencies (49,900) -- 49,900 Transfers to Other Funds (87,379) (87,379) -- Total Other Financing Sources/(Uses) (137,279) _____J87,379 49,900 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (235,009) (132,080) 102,929 Fund Balance,October 1, 1992 351,266 351,266 -- Fund Balance,September 30, 1993 $ 116,257 $_ 119,186 $ 102 929 E-35 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FIRE AND AMBULANCE DISTRICT#6 - KEY LARGO SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable gyqget Actual - fUnf Revenues: Taxes $ 4,675 4,675 Intergovernmental 378 378 Interest 35,500 21,495 (14,005) Miscellaneous 2,078 3,204 1,126 Total Revenues 37,578 29,752 -__17,826 Expenditures: Current: General Government: Commissions and Fees 24,135 8,250 15,885 Salary Adjustment 402 402 Total General Government 24,537 8,250 16,287 Public Safety: Key Largo Volunteer Ambulance 227,842 227,291 551 Key Largo Volunteer Fire Dept. 206,211 145, 27 61,184 Total Public Safety ___434,053 372,318 61,735 Total Expenditures 458,590 380,568 78,022 Excess of Revenues Over/(Under)Expenditures (421,012) (350,816) 70,196, Other Financing Sources/(Uses): Reserve for Contingencies (100,932) 100,932 Transfers to Other Funds (83,929) (83,929) Total Other Financing Sources/(Uses) 184,861 929 100,932 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (605,873) (434,745) 171,128 Fund Balance, October 1, 1992 665,895 .....665,805 -- Fund Balance,September 30, 1993 $-59932 $ 231,060 $ 171-12EL E-36 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 274,810 $ 273,124 $ (1,686) Charges for Services -- 2,387 2,387 Interest 18,500 9,300 (9,200) Total Revenues 293,310 284,811 (8,499) Expenditures: Current: Culture and Recreation: Translator Operations 344,465 253,080 91,385 Excess of Revenues Over/(Under)Expenditures 51,155 31,731 82,886 Other Financing Sources(Uses): Reserve for Contingencies (95,000) -- 95,000 Transfers to Other Funds (12,662) (12,662) -- Total Other Financing Sources/(Uses) (107,662) (12,662) 95,000 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (158,817) 19,069 177,886 Fund Balance,October 1, 1992 223,935 223,935 —— Fund Balance,September 30, 1993 $ 65,118 $ 243,004 $ 17T886 E-37 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 SEINE R 30, 1993 Variance Favorable Budget Actual Unfavorable Revenues: Interest $ 150 $ 232 $ 82 Expenditures: Current: Transportation: Cross Key District 4,363 4,363 Excess of Revenues Over/ (Under)Expenditures (4,213) 232 4,445 Other Financing Sources/(Uses): Reserve fo Contingencies (1,869) -- — 1,869 Excess of Revenues and Other Sources Over/(Under)Expenditures and Other Uses (6,082) 232 6,314 Fund Balance,October 1, 1992 6,282 6,282 Fund Balance,September 30, 1993 $ 200 6314 E-38 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL SPECIAL ROAD DISTRICT — VENETIAN DRIVE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 2,000 $ 534 $ (1,466) Expenditures: Current: Transportation: Venetian Drive Refunds 33,311 3,156 30,155 Excess of Revenues Over/(Under)Expenditures (31,311) (2,622) 28,689 Other Financing Sources/(Uses): Reserve for Contingencies (5,000) Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (36,311) (2,622) 33,689 Fund Balance,October 1, 1992 2,622 2,622 -- Fund Balance,September 30, 1993 $ (33,689) $ -- $ 33,689 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, 1993 Variance Favorable Budget Actual favorableL Revenues: Taxes $ 1,756,426 $ 1,689,591 $ (66,835) Charges for Services -- 16,707 16,707 Interest ----..--. 1,600 43,440 _41,840 Total Revenues _1,758,026 ...... 1,749J38 (8,288) Expenditures: Current: General Government: Commissions and Fees 60,000 49,433 10,567 Human Services: Mariner's Hospital 1,637,095 -- __ 1,637,095 Total Expenditures 1,697,095 49,433 1,647,662 Excess of Revenues Over/ (Under)Expenditures 60,931 1,700,305 1,639,374 Other Financing Sources/(Uses): Reserve for Contingencies (12,208) -- — 12,208 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses 48,723 1,700,305 1,651,582 Fund Balance,October 1, 1992 Fund Balance,September 30, 1993 $ 88,114 1,739,696 $-- 1.651,582 E-40 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 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 2,078,000 $ 2,023,284 $ (54,716) Licenses and Permits 1,080,418 2,182,810 1,102,392 Intergovernmental 337,601 269,098 (68,503) Charges for Services 129,250 193,538 64,288 Fines and Forfeitures 25,000 31,653 6,653 Interest 90,000 121,457 31,457 Miscellaneous 8,500 9,751 1,251 Total Revenues 3,748,769 _ 4,831,591 1,082,822 Expenditures: Current: General Government: Commissions and Fees 137,100 134,375 2,725 Planning and Zoning 1,487,038 1,403,846 83,192 Planning Commission 62,200 54,850 7,350 Growth Management 407,182 292,477 114,705 IGIS Group Fund 111,000 40,446 70,554 Long Range Traffic Study 45,000 4,500 40,500 Salary Adjustment 44,915 -- 44,915 Planning and Building Refunds 60,000 37,912 22,088 Total General Government 2,354,435 1,968,406 386,029 Public Safety: Building Department 1,238,707 1,174,302 64,405 Code Enforcement 541,367 539,754 1,613 Fire Marshall 317,978 314,640 3,338 Hazardous Material Plan 7,677 7,162 515 Total Public Safety 2,105,729 2,035,858 69,871 Physical Environment: Environmental Resources 206,357 192,191 14,166 ADID Project(Florida Keys) 60,773 50,043 10,730 South Florida Water Management 53,874 15,098 38,776 Marine Resources 96,874 91,692 5,182 Boater Impact Management Plan 52,777 47,192 5,585 DNR/Water Quality Monitoring 37,500 -- 37,500 DNR Channel Marking Plan 60,000 364 59,636 Total Physical Environment 568,155 396,580 171,575 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, 1993 Variance Favorable Budget Actual (Unfavorable) Transportation: 1993 Travel Time Study 20,000 12,187 7,813 Debt Service: Principal Retirement 8,918 8,914 4 Interest and Fiscal Charges 1,054 1,053 1 Total Debt Service 9,972 9,967 5- Total Expenditures 5,058,291 4,422998 635,293 Excess of Revenues Over/(Under) Expenditures (1,309,522) 408,593 1,718,115 Other Financing Sources/(Uses): Reserve for Contingencies (303,412) 303,412 Transfers from Other Funds 236,190 236,190 -- Transfers to Other Funds (127,642) (127,642) Total Other Financing Sources/(Uses) (194,864) 108,548 303,412 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (1,504,386) 517,141 2,021,527 Fund Balance,October 1, 1992 1,967,345 1,967,345 -- Fund Balance,September 30, 1993 $ 462,959 $ —2484Aa6 $ 2,021,527 E-42 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL UNINCORPORATED AREA SERVICE DISTRICT - PARKS AND RECREATION SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 561,900 $ 547,598 $ (14,302) Intergovernmental -- 2,515 2,515 Charges for Services 5,000 34,169 29,169 Interest 38,500 11,019 (27,481) Miscellaneous -- 1,999 1,999 Total Revenues 605,400 597,300 (8,100) Expenditures: Current: Culture and Recreation: Summer School Recreation Program 55,000 55,000 -- Salary Adjustment 8,007 --- 8,007 Parks&Beaches Unincorporated 470,382 402,441 67,941 Pigeon Key 17,316 5,227 12,089 Total Expenditures 550,705 462,668 88,037 Excess of Revenues Over/(Under)Expenditures 54,695 134,632 79,937 Other Financing Sources/(Uses): Reserve for Contingencies (71,168) -- 71,168 Transfers to Other Funds (26,065) (26,065) -- Total Other Financing Sources/(Uses) 97,233 (26,065) 71,168 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (42,538) 108,567 151,105 Fund Balance,October 1, 1992 124,368 124,368 -- Fund Balance,September 30, 1993 $ 81,830 $ 232.9 55 $ 551,105 E-43 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL IMPACT FEES — ROADWAYS SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 78,000 $ 152,718 74,718 Miscellaneous 306,000 567,379 261,379 Total Revenues 384,000 720,097 336,097 Expenditures: Current: Transportation: Fair Share Improvement County Wide 5,934,438 22,500 5,911,938 Fair Share Improvement Dist 1 225,000 17,362 207,638 Fair Share Improvement Dist 2 170,000 5,175 164,825 Fair Share Improvement Dist 3 976,941 47,308 929,633 Key Colony Beach District 562 562 Total Expenditures 7,306,941 92,907 7,214,034 Excess of Revenues Over/ (Under)Expenditures (6,922,941) 627,190 7,550,131 Fund Balance,October 1, 1992 7,197,476 7,197,476 -- Equity Transfer to Card Sound Bridge (5,050,000) (5,0�50000) Fund Balance,September 30, 1993 $ 274,535 2,774,666 2.500.131 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 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 10,000 $ 18,917 $ 8,917 Miscellaneous 18,000 131,477 113,477 Total Revenues 28,000 150,394 122,394 Expenditures: Current: Culture and Recreation: Fair Share Improvement Dist 1 218,700 156,100 62,600 Fair Share Improvement Dist 2 105,000 6,728 98,272 Fair Share Improvement Dist 3 164,194 12,098 152,096_ Total Expenditures 487,894 174,926 312,968 Excess of Revenues Over/ (Under)Expenditures (459,894) (24,532) 435,362 Fund Balance,October 1, 1992 510,565 510,565 -- Fund Balance,September 30, 1993 $ W671 $ 486 033 $ 435,362 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, 1993 Variance Favorable Budget Actual _ (Unfavorable) Revenues: Interest $ 5,800 $ 15,522 $ 9,722 Miscellaneous 24,300 128,722 104,422 Total Revenues 30,100 144,244 114,144 Expenditures: Current: Culture and Recreation: Fair Share Improvement Dist 1 90,000 -- 90,000 Fair Share Improvement Dist 2 105,000 1,164 103,836 Fair Share Improvement Dist 3 _ 259,312 2,081 257,231 Total Expenditures 454,312 _ 3,245 _ 451,067 Excess of Revenues Over/ (Under)Expenditures (424,212) 140,999 565,211 Fund Balance,October 1, 1992 384,294 384,294 -- Fund Balance,September 30, 1993 $ (39,918) $ 525,293 $_ 665.211 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 7,660 $ 15,690 $ 8,030 Miscellaneous 13,100 46,790 33,690 Total Revenues 20,760 62,480 41,720 Expenditures: Current: Physical Environment: Fair Share Improvement County Wide 250,000 -- 250,000 Fair Share Improvement Dist 1 90,000 -- 90,000 Fair Share Improvement Dist 2 24,696 65 24,631 Fair Share Improvement Dist 3 55,000 65 54,935 Total Expenditures 419,696 130 419,566 Excess of Revenues Over/ (Under)Expenditures (398,936) 62,350 461,286 Fund Balance,October 1, 1992 410,168 410,168 -- Fund Balance,September 30, 1993 $ 11 232 $ 472,518 461,286 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, 1993 Variance Favorable Budget— Actual fUnfavorableL Revenues: Interest $ 4,780 $ 11,596 $ 6,816 Miscellaneous 24,000 76,267 _52,267 Total Revenues ?8,780 47_,863 59,083 Expenditures: Current: Public Safety: Fair Share Improvement County Wide 60,000 60,000 Fair Share Improvement Dist 1 100,000 100,000 Fair Share Improvement Dist 2 100,000 102 99,898 Fair Share Improvement Dist 3 ill--14-9-9 102 111,397 Total Expenditures ____�371,499 — 204 371,295 Excess of Revenues Over/ (Under)Expenditures (342,719) 87,659 430,378 Fund Balance, October 1, 1992 323,595 323,595 Fund Balance,September 30, 1993 $ (19,124) 411,254 $---430 3-78 E-48 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services 175,000 $ 214,571 $ $39,571 Expenditures: Current: Public Safety: 911 Emergency System 200,735 200,682 53 Excess of Revenues Over/(Under)Expenditures 25,735 13,889 39,624 Other Financing Sources/(Uses): Reserve for Contingencies (40,544) -- __ 40,544 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (66,279) 13,889 80,168 Fund Balance,October 1, 1992 -- -- -- Equity Transfer To/(From) Other Funds -- 18,547 18,547 Fund Balance,September 30, 1993 $ _—__(66 279 $ 2,436 $ 9 .715 E-49 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL DUCK KEY SECURITY DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget— Actual .(Unfavorable)_ Revenues: Charges for Services $ $ 1,193 $ 1,193 Interest 1,124 1,124 Miscellaneous 64,000 64,358 358 Total Revenues 64,000 66,675 2,675 Expenditures: Current: General Government: Commissions and Fees 2,500 1,878 622 Public Safety: Island Security 55,800 43,109 12,691 Total Expenditures 58,300 44,987 13,313 Excess of Revenues Over/ (Under)Expenditures 5,700 21,688 15,988 Other Financing Sources/(Uses): Reserve for Contingencies -- 2,500 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses 3,200 21,688 18,488 Fund Balance, October 1, 1992 -- -- Fund Balance,September 30, 1993 $ 3,200 $-21688 488 E-50 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LOCAL HOUSING ASSISTANCE SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental 300,060 $ 304,958 $ 4,898 Interest -- 1,584 1,584 Total Revenues 300,060 306,542 6,482 Expenditures: Current: Economic Environment: Neighborhood Facilities 300,060 27,508 272,552 Excess of Revenues Over/ (Under) Expenditures -- 279,034 279,034 Fund Balance,October 1, 1992 -- -- -- Fund Balance,September 30, 1993 -- $ 279,034 $ 279,034 E-51 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL UPPER KEYS HEALTH CARE SPECIAL TAXING DISTRICT SPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1,287,958 $ 1,261,248 $ (26,710) Intergovernmental 31 31 Charges for Services 11,934 11,934 Interest 120,000 162,469 42,469 Miscellaneous 3,116 3,116 Total Revenues 1,407,958 1,438,798 Expenditures: Current: General Government: Commissions and Fees 64,745 63,477 I268 Human Services: Trauma Care Administration 114,233 95,482 18,751 Transportation and Treatment 2,825,987 152,380 2,673,607 Pre—Transportation Hospital& Physical Care 208,128 16,690 191,438 Upgrading Facilities&Staff Services _1,950,310_ 363,056 _687,254 Total Human Services 4,198,658 627,608 3571050 Total Expenditures 4,263,403 691,085 3,572,318 Excess of Revenues Over/ (Under)Expenditures (2,855,445) 747,713 3,603,158 Other Financing Sources (Uses): Reserve for Contingencies (302,423) 302,423 Transfers to Other Funds �,350 _A:�,350 Total Other Financing Sources/(Uses) (304,773) 302,423 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (3,160,218) 745,363 3,905,581 Fund Balance,October 1, 1992 __3,420,228 3,420,228 Fund Balance,September 30, 1993 $ ____2_600_10 $ 4,165,591_ __�3 90-5 W1 E-52 MONROE COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL COMPREHENSIVE PLAN LAND AUTHORITYSPECIAL REVENUE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER30, 193 Variance Favorable udget Actual (Unfavorable) Revenues: Intergovernmental 1, 20,000 1,744,467 $ 324,467 Interest 100,000 154,096 54,096 Miscellaneous 512,500 522,172 9,672 Total Revenues 2,032,500 2,420,735 388,235 Expenditures: Current: General Government: Administrative 283,000 210,324 72,676 Cost of Land Sales and Transfers -- 308,226 (308,226) Land and Land Rights Acquisition 4,557000_ _ 498,607 4,058,393 Total Expenditures 4,840,000 1,017,157 3,822,843 Excess of Revenues Over/ (Under)Expenditures - Budgetary Basis (2,807,500) 1,403,578 4,211,078 Total Adjustments 4,044,500 __A13,893 (4,058,393) Excess of Revenues Over/ (Under)Expenditures — GAAP Basis 1,237,000 1,389,685 152,685 Fund Balance,October 1, 1992 13,037,758 13,037,758 -- Fund Balance September 30, 1993 $ _ 14,274,758 $ 14 427 443 $ 152,685 E-53 .......... DEBT SERVICE FUNDS 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 Refunding Improvement Bonds. 1993 REFUNDING 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 TAX REVENUE BONDS 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, 1993 1993 1993 1991 Refunding Refunding Sales Tax Improvement Improvement Revenue Bonds-1983 Bonds-1988 Bonds Total ASSETS Assets: Due from Other Funds $ 500 $ 140,000 $ -- $ 140,500 Restricted Assets: Cash and Cash Equivalents 237,378 243,500 1,534,449 2,015,327 Investments at Cost or Amortized Cost —— —— 4,493,793, 4,493,793 Interest Receivable -- -- 15,789 15,789 Total Assets $ �...�237,878 $ _. _ 383,500 $ 6 444,031 $ 6.665x409 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ -- $ -- $ 2,623 $ 2,623 Due to Other Funds — - 310,856 -- 310,856 Total Liabilities -- 310,856 2,623 313,479 Fund Equity: Reserved for Debt Service 237,878 72,644 6,041,408 6,351,930 Total Fund Equity 237,878 72,644 6,041,408 6,351,930 Total Liabilities and Fund Equity $ 337.,878_ $ 383. 000 $ 6.Q44,031 $ 6 665,409 F-1 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 1993 1993 1991 Refunding Refunding Sales Tax Improvement Improvement Revenue Bonds-1983 Bonds-1988 and Total Revenues: Intergovernmental $ 223,250 412,907 $ $ 636,157 Interest 18,623 9,813 224,017 252,453 Miscellaneous 50 50 Total Revenues 241,923 422,720 224,017 _888,660 Expenditures: Debt Service 1,159,558 784,618 4,845,706 6,789,882 Excess of Revenues Over/ (Under) Expenditures (917,635) (361,898) (1,621 fflp) (5,901,222) Other Financing Sources/(Uses): Transfers from Other Funds -- -- 4,881,179 4,881,179 Bond Proceeds 1,061,931 6,970,872 -- 8,032,803 Payment to Refunded Bond Escrow Agent (1,047,389) (6,971 j8,01 8,839 j Total Other Financing Sources/(Uses) 14,542 (578) 4,881,179 4,895,14 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (903,093) (362,476) 259,490 (1,006,079) Fund Balance, October 1, 1992 1,140,971 435,120 5,781,918 7,358,009 Fund Balance,September 30, 1993 $.---.---.-237-Q78. $ 72 64-4 $ 6041 408 $ 6,351,S30 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, 1993 1993 Refunding Improvement Bonds — 1983 Variance Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental $ 200,125 $ 223,250 $ 23,125 Interest 45,000- 18,623 (26,377) Miscellaneous —— 50 50 Total Revenues 245,125 _ 241,923 (3,202) Expenditures: Debt Service: Principal Retirement 1,054,992 1,054,992 -- Interest 108,364 104,066 4,298 Fiscal Charges 1,000 500 500 Total Expenditures 1,164,356 1,159,558 4,798 Excess of Revenues Over/ (Under)Expenditures 919,231 (917,635) 1,596 Other Financing Sources/(Uses): Reserve for Contingencies (180,752) —— 180,752 Transfers from Other Funds -- -- Bond Proceeds 1,047,389 1,061,931 14,542 Payment to Refunded Bond Escrow Agent (1,047,389) (1,047A9) -- Total Other Financing Sources/(Uses) (180,752 14,542 195,294 Excess of Revenues and Other Sources Over/ (Under) Expenditures and Other Uses (1,099,983) (903,093) 196,890 Fund Balance,October 1, 1992 1,140,971 1,140,971 -- Fund Balance,September 30, 1993 $ 40 988 $ .. 237.878 $ 196 890 F-3 1993 Refunclirq Improvement and - 1988 1991 Sales Tax Revenue Bonds Variance Variance Favorable Favorable Budget Actual jUpfavora4 De Budget Actual j(Unf�!vqra le"_ 600,000 $ 412,907 $ (187,093) $ $ 11,400 9,813 (1,587) 100,000 224,017 124,017 611,400 _ 4_22,720 (188,680) 100,000 224,017 124,017 337,500 337,500 4,215,898 2,540,000 1,675,898 474,064 444,630 29,434 4,900,000 2,278,565 2,621,435 2,490 2,488 2 30,000 27,141 2,859 814,054 784,618 29,436 ..9,145,898 4,845,706 4_,300,192 (202,654) _A361,8981 (159,244) (9,045,898) (4,621,689) 4,424,209 (100,000) 100,000 (194,219) 194,219 4,900,000 4,881,179 (18,821) 6,970,872 6,970,872 (6,971,450) (6,971,450) -- -- (100,578) (578) 100,000 4,705,781 4,881,179 175,398 (303,232) (362,476) (59,244) (4,340,117) 259,490 4,599,607 435,120 435,120 5,781,918 5,781,918 $ 13-1888 $ 72,644 $ (59,244) $ 1,441,801 $ ..6,041,408 $ 4,599,607 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, 1993 Total Variance Favorable Budae_t Actual (Unfavorable) Revenues: Intergovernmental $ 800,125 $ 636,157 $ (163,968) Interest 156,400 252,453 96,053 Miscellaneous -- 50 50 Total Revenues 956,525 888,660 (67,865) Expenditures: Debt Service: Principal Retirement 5,608,390 3,932,492 1,675,898 Interest 5,482,428 2,827,261 2,655,167 Fiscal Charges 33,490 30,129 3,361 Total Expenditures 11,124,308 6,789,882 4,334,426 Excess of Revenues Over/ (Under)Expenditures (10,167,783) (5,901,222) 4,266,561 Other Financing Sources/(Uses): Reserve for Contingencies (474,971) -- 474,971 Transfers from Other Funds 4,900,000 4,881,179 (18,821) Bond Proceeds 8,018,261 8,032,803 14,542 Payment to Refunded Bond Escrow Agent (8,018,839) (8,018,839) -- Total Other Financing Sources/(Uses) _ 4,424,451 4,895,143 470,692 Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (5,743,332) (1,006,079) 4,737,253 Fund Balance, October 1, 1992 7,358,009 7,358,009 -- Fund Balance,September 30, 1993 $ 1 614,677 $ 6,351,930 $ 4,737,253 F-5 CAPITAL PROJECT FUNDS COMPREHENSIVE IMPROVEMENTS To account for all major capital projects of Monroe County. REVENUE BOND CAPITAL IMPROVEMENTS To account for capital improvements allocated from the Revenue Bonds. ONE CENT INFRASTRUCTURE SURTAX To account for capital improvements allocated from the One Cent Infrastructure Tax. SALES TAX 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, 1993 Revenue Bond One Cent Comprehensive Capital Infrastructure Improvements Improvements Surtax ASSETS Cash and Cash Equivalents $ 392,531 $ 259,342 $ 7,578,412 Investments at Cost or Amortized Cost -- -- 5,962,104 Accounts Receivable -- -- -- Due from Other Funds - — -- 5,252 Due from Other Governmental Units -- -- 599,337 Interest Receivable -- -- 74,424 Total Assets $ 392,531 $ 259,342 $ 14,219,529 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 13,164 $ 23 $ 521,873 Accrued Wages and Benefits Payable -- -- 3,024 Due to Other Funds -- 164,602 410,898 Other Current Liabilities -- -- -- Total Liabilities 13,164 164,625 935,795 Fund Equity: Fund Balances: Reserved for Encumbrances 49,730 80,000 29,104 Unreserved 329,637 14,717 13,254,630 Total Fund Equity _ _ 379,367 94,717 13,283,734 Total Liabilities and Fund Equity $ 392,531 $ 259,342 $ 14,21 5529 G-1 Sales Tax Bond Capital Improvements Total $ 374,514 $ 8,604,799 6,892,124 12,854,228 24 24 230,740 235,992 -- 599,337 -- 74,424 $ 7,497L402 $ 22,368 88.0..4._ $ 2,948,909 $ 3,483,969 -- 3,024 -- 575,500 721 721 2,949,630 4,063,214 307,687 466,521 ___4,240,085_ 17,839,069 4,547,772 18,305,590 $ _ _7,497,4C2._ $ _ 22,368.8,04 G-2 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECT FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Revenue Bond One Cent Comprehensive Capital Infrastructure Improvements Improvements Surtax Revenues: Taxes $ -- $ -- $ 10,027,642 Intergovernmental —— —— 8,496 Interest 22,055 8,664 483,642 Miscellaneous —— —— 6,606 Total Revenues 22,055 8,664 10,526,386 Expenditures: Capital Outlay: General Government -- -- 2,561,573 Public Safety 209,914 151,198 159,344 Physical Environment 11,440 -- -- Transportation —— —— 14,073 Human Services 9,468 3,990 -- Culture and Recreation -- -- 815,761 Total Expenditures 230,822 155,188 3,550,751 Excess of Revenues Over/ (Under) Expenditures (208,767) (146,524) 6,975,635 Other Financing Sources/(Uses): Transfers to Other Funds -- -- (6,349,324) Excess of Revenues and Other Sources Over/ (Under)Expenditures and Other Uses (208,767) (146,524) 626,311 Fund Balance, October 1, 1992 588,134 241_z241_ __ 12,657,423 Fund Balance,September 30, 1993 $ 379,367 $ 94 717 $ 13,283 734 G-3 Sales Tax Bond Capital Improvements Total $ -- $ 10,027,642 —— 8,496 375,294 889,655 2,799 9,405 378,093 10,935,198 —— 2,561,573 15,467,234 15,987,690 —— 11,440 —— 14,073 -- 13,458 -- 815,761 15,467,234 19,403,995 (15,089,141) (8,468,797) — --(6,349,324) (15,089,141) (14,818,121) ____19,636z913 __ 33t123,711_ 4,5.47 77.2 $ 18 305 590 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, 1993 Capital Projects, Comprehensive Improvements Variance Favorable _Budget _ Actual (Unfavorable) Revenues: — Taxes $ -- $ -- $ -- Intergovernmental —— -- Interest 20,000 22,055 2,055 Miscellaneous —— -- Total Revenues 20,000 22,055 2,055 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 90,000 365 89,635 Fire Control Vehicles 457,124 209,549 247,575 Physical Environment: Sewer Services 39,500 7,440 32,060 Pigeon Key Generator 4,500 4,000 500 Transportation: Monroe County Airports -- -- -- Parking Facilities -- -- -- Human Services: Animal Control Facilities 9,468 9,468 -- Culture and Recreation: Parks and Recreational Facilities -- -- -- Additional Parks and Recreational Facilities -- - -- Monroe County Libraries -- -- -- Total Expenditures 600,592 _ 230,822 369,770 Excess of Revenues Over/(Under) Expenditures (580,592) 1208,767l 371,825 Other Financing Sources/(Uses): Reserve for Contingencies (4,876) —— 4,876 Transfers to Other Funds -- -- -- Total Other Financing Sources/(Uses) (4,876 _ -- _ 4,876 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (585,468) (208,767) 376,701 Fund Balance, October 1, 1992 _ _ 588,134 588,134 _ -- Fund Balance, September 30, 1993 $ 2,666 $ 379,367_ $ 376,701 G-5 Capital Projects, Capital Projects, Revenue Bond Capital Improvements__ One Cent Infrastructure Surtax Variance Variance Favorable Favorable Budget Actual Unfavorable _Budget Actual (Unfavorable) $ -- $ -- $ -- $ 6,500,000 $ 10,027,642 $ 3,527,642 -- -- -- -- 8,496 8,496 4,000 8,664 4,664 400,000 483,642 83,642 -- -- -- -- 6,606 6,606 _....____ 4,000 _. 8,664 4,664 6,900,000 10,526,386 _ 3,626,386 -- - -- 2,019,059 766,764 1,252,295 -- -- -- 162,690 127,167 35,523 2,755,000 1,486,646 1,268,354 -- -- -- 185,000 180,996 4,004 -- -- -- 952,000 150,807 801,193 -- -- -- 1,100,000 -- 1,100,000 -- -- -- 40,000 8,537 31,463 84,819 76,126 8,693 -- -- -- 156,198 75,072 81,126 -- -- -- 1,027 -- 1,027 -- -- -- 35,000 14,073 20,927 6,000 3,990 2,010 -- -- -- -- -- --- 2,002,356 287,002 1,715,354 -- -- -- 19,895 12,111 7,784 -- -- -- 667,200 516,648 150,552 247,017 155,188 91,829 9 939,227 3,550,751 6,388,476 (243,017) (146,5241 96,493 (3,039,227) 6,975,635 10,014,862 (10,209) -- 10,209 (832) -- 832 -- -_ -- ___(VM,984J _____(6,349,324) 1,929,660 (10,209} -- _ 19,209 ��8,279,816 _�6 q49,q241 1,930,492 (253,226) (146,524) 106,702 (11,319,043) 626,311 11,945,354 241,241 241,241 -- 12,657,423 12,657,423 -- $ (11,9851 $ 94,717 $ 106,702 $ 1,338,380 $ 13,283,734 $ _._._11 945,354 G-6 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL — ALL CAPITAL PROJECT FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SETS ER 30, 1993 Capital Projects, Sales Tax Bond Capital Improvements Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ __ $ __ $ Intergovernmental __ -- Interest 400,000 375,294 (24,706) Miscellaneous —— 2,799 2,799 Total Revenues 400,000 378,093 (21,907) 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 20,016,913 15,467,234 4,549,679 Ambulance and Rescue Facilities —— —_ -- Ambulance and Rescue Vehicles -- -- -- Fire Control Vehicles -- -- -- Physical Environment: Sewer Facilities —— —— —— Pigeon Key Fuel Tank -- -- -- Transportation: Monroe County Airports -- -- -- Parking Facilities -- -- -- Human Services: Animal Control Facilities -- -- -- Culture and Recreation: Parks and Recreational Facilities Additional Parks and Recreational Facilities -- -- -- Monroe County Libraries -- ----- -- Total Expenditures 20,016,913 15,467,234 4,549,679 Excess of Revenues Over/(Under) Expenditures (19,6161913 (15,089,141) 4,527,772 Other Financing Sources/(Uses): Reserve for Contingencies —— —— —— Transfers to Other Funds -- -- -- Total Other Financing Sources/(Uses) Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (19,616,913) (15,089,141) 4,527,772 Fund Balance, October 1, 1992 19,636,913 19,636,913 -- Fund Balance, September 30, 1993 $ 20,000 $ 4,547,772 $ 4,527,772 G-7 r� _ Total Variance ~- Favorable 6.500.000 $ 18.027.042 8.527.842 -- 8.486 8.490 824.000 889.655 65.855 __ _ _ 2.019.059 768'764 1.252.295 -- 162.630 127.167 35.528 2.755.000 1.486.646 1.208.354 185.000 180.996 4.004 -- 952.000 150.807 801.198 21.118.913 15.467.234 5.649.679 40.000 8.537 31.463 �- 174.819 78.491 88.328 813.322 284.621 828.701 38.500 7.440 32,068 4.500 4'000 500 1.027 -- 1.027 -_ 35.000 14.073 28.927 15.468 18.458 2.010 - 2,802,356 287.002 1.715.354 19.895 12,111 7.784 516,648 150,552 � � (15.917) -- 15.917 � � � � (81.774.850) (14.810.121) 10.956,529 __ / $ * � G-8 __ __ THIS PAGE INTENTIONALLY LEFT BLANK ENTERPRISE FUNDS MUNICIPAL SERVICE DISTRICT. WASTE To account for the operations of Monroe County's Solid Waste Services. CARD SOUND BRIDGE To account for the operations of Monroe County's Card Sound Tall Bridge. MARATHON AIRPORT To account for the operations of Monroe County's Marathon Airport. El(WEST 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, 11993 Municipal Svc Card District Sound Marathon Waste Brild ASSETS Current Assets: Cash and Cash Equivalents $ 5,809,2B8 $ 1,481,228 $ "381,187 Cash with Fiscal Agent 8,015 Investments at Cost or AmortizedCost 2,981,052 9,440,470 Accounts Receivable: Delinquent Waste Collection Fees 1.225,OD6 Allowance for Uncollectible Waste Collection Fees (1,059,114) Other 318,577 24 11,009 Allowance for Other Uncollectible (54,074) Due from Other Funds 1,105 234 1,87,802 Due from Other Governmental Units 112,609 287,887 639,640 Interest Receivable 212 W W 182 1 -- Total Current Assets 9371661 11400209 Restricted Assets: Cash and Cash Equivalents 588,531 399,204 32,209 Investments at Cost or Amortized Cost 3,690,020 1,427,073 Interest Receivable -- 29017 Total Restricted Assets 4278561 _1,855L29 U 209 Pro perty,Pit and Equipm ent (Net of Accumulated Depreciation) —8 30, 19 1 1021 Other Assets: Deferred Charges(Net) . ......... 207 Total Assets $ $____A4.83 596 $ 82®1 Key West Airport Total $ 515,395 $ 8,187,098 — 8,015 —— 12,421,522 — 1,225,006 —— (1,059,114) 96,881 426,491 —— (54,074) 16,195 205,336 187,599 1,227,735 —— 219,563 816,070 22,807,578 229,884 1,249,828 —— 5,117,093 —— 29,017 229,884 6,395,938 1,063,298 13,655,714 —-- 546,689 $ _ 2,109,252 $ _43,405,919 H-2 (Continued) MONROE COUNTY, FLORIDA COMBINING BALANCE SHEET — CONTINUED ALL ENTERPRISE FUNDS SEPTEMBER 30, 1993 Municipal Svc Card District Sound Marathon Waste Brigo.. ......... .... LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 584,995 1,878 $ 673,523 Accrued Wages and Benefits Payable 63,211 11,051 3,725 Claims and Judgements Payable 266,978 Due to Other Funds 69,891 121,037 23,899 Due to Other Governmental Units 386 Matured Bonds Payable 5,000 Matured Interest Payable 19 Matured Premium Payable 2,996 Deferred Revenue 56,511 Deposits in Escrow 50051 225 13,306 Total Current Liabilities ........... ..1!!�21 !L2 Current Liabilities Payable from Restricted Assets, Accrued Interest Payable 303,328 94,,615 Special Obligation Notes Payable 193,288 Revenue Bonds Payable 285,000 155,000 Landfill Closure Costs 4362810 Total Current Liabilities Payable from Restricted Assets 15 Long—Term Liabilities: Accrued Compensated Absences 115,651 11,619 9,474 Special Obligation Notes Payable 50,953 Revenue Bonds Payable 9,105,000 4,430,000 Due to her Govemmental Units . 885029 . ................ Total Long—Term Liabilities 10,156,E33 ------ . ...... 4ZI Total Liabilities 6 326 185 Fund Equity: Contributed Capital 05 649 5,052, 1.,741,2 1 m. Retained Earnings: Reserved for Revenue Bond Retirement 3,975,223 1,760,679 Unreserved Total Retained Earnings 3751369 4 944.-.1..........109 1061229 �ITITTotal Fund Equity Q18 Lk 7, 9996870 Total Liabilities and Fund Equity 2?,N3.20a 14,4W 358 8 H-3 Key West Air -n Total $ 130,180 $ 1,390,576 15,835 83,822 -- 266,978 44,533 259,360 -- 386 -- 5,000 -- 19 -- 2,996 - 15,972 72,483 18,005 81,587 224,525 163,207 -- 397,943 -- 193,288 -- 440,000 -- 4,362,810 -- 5,394,041 59,786 196,430 -- 50,953 -- 13,535,000 -- 885,029 59,786 14,667,412 284,311 22,224,660 1,169,137 10,768,748 -- 5,735,902 655,804 4,676,609 655,804 10,412,511 1,824,941 21,181,259 $ 2,109,252 $ 43,405,919 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, 1993 Municipal Svc Card District Sound Marathon Waste Bridge Airport Operating Revenues: Tolls $ -- 1,474,676 $ -- Charges for Services 11,600,754 -- 343,249 Franchise Fees 3,001,539 -- -- Fines and Forfeitures -- -- 30 Miscellaneous 144,685 254 15,807 Total Operating Revenues 14,746,978 1,474,930 359,086 Operating Expenses: Personal Services 1,054,278 382,263 125,332 Operations 11,728,422 456,839 163,708 Landfill Closure, 857,689 -- -- Depreciation and Amortization 916,076 88,956 10 503 Total Operating Expenses 14,556,465 928,058 299,543 Operating Income 190,513 546,872 59,543 Non-Operating Revenues(Expenses): Operating Grants 812,567 227,110 790,747 Interest Income 535,181 517,946 6,624 Interest Expenses and Fiscal Charges (638,908) (149,491) - - Loss on Disposition of Assets _(6,586) (2,126) -- Total Non-Operating Revenues(Expenses) 702,254 593,439 797,371 Income Before Operating Transfers 892,767 1,140,311 856,914 Operating Transfers: Transfers from Other Funds 2,727,395 380,969 218,653 Transfers to Other Funds __(1,632 112 (401,8741 _____ 14,338 Total Operating Transfers 1,095,283 (20,905) 204,315 Net Income 1,988,1050 1,119,406 1,061,229 Fund Equity - October 1, 1992 4,568,968 3,827,464 -- Contributed Capital -- 5,050,000 1,741,201 Fund Equity - September 30, 1993 6,557,018 $ 9,996,870 Z802,430 H-5 Key West Airport Total $ -- $ 1,474,676 1,392,693 13,336,696 --- 3,001,539 2,106 2,136 9,305 170,051 1,404,104 17,985,098 650,309 2,212,182 646,527 12,995,496 -- 857,689 38,680 1,054,215 1,335,516 17,119,582 68,588 865,516 470,137 2,300,561 9,664 1,069,415 -- (788,399) - - (8,712) 479,801 2,572,865 548,389 3,438,381 134,208 3,461,225 (26,793) (2,075,117) 107,415 1,386,108 655,804 4,824,489 -- 8,396,432 1,169,137 7,960,338 $ 1 824,941 $ 259 H-6 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Municipal Svc Card District Sound Marathon Waste Bridqe Airport Cash flows from operating activities: Cash received for services $ 14,745,556 $ 1,416,064 $ (481,896) Cash payments to suppliers for goods and services (13,791,307) (354,762) 533,714 Cash payments to employees for services (1,094,885) (391,941) (112,133) Other operating revenue 144,685 254 15,837 Net cash provided (used) by operating activities 4,049 669,615 (44,478) Cash flows from noncapital financing activities: Operating grants received 748,481 -- 847,258 Operating transfers from other funds 2,727,395 380,969 218,653 Operating transfers to other funds (1,632,112) (401,874) (14,338) Capital contributions received —— —— 325,601 Net cash provided (used) by noncapital financing activities _ 1,843,764 (20,905) 1,377,174 Cash flows from capital and related financing activities: Capital contributions received -- 5,050,000 -- Proceeds from issuance of bonds -- 4,340,793 -- Acquisition of fixed assets (948,142) —— (925,924) Principal paid on capital debt (813,862) —— —— Interest paid on capital debt 643,7 66,436 _Net cash provided (used) by capital and related financing activities (2,405,728) 9,324,357 (925,924) Cash flows from investing activities: Purchase of investment securities (18,079,008) (17,153,691) -- Proceeds from sale and maturities of investment securities 14,981,208 6,286,148 —— Interest on investments 497,969 306,578 6,624 Net cash provided (used) by investing activities (2,599,831 ___ 10,560,965� 6,624 Net increase (decrease) in cash and cash equivalents (3,157,746) (587,898) 413,396 Cash and cash equivalents at beginning of year 9,555,565 2,476,345 -- Cash and cash equivalents at end of year $ 6,397,819 $ 1.8 88,447_ $ 413,396 H-7 Key West Air ort Total $ 1,628,311 $ 17,308,035 (738,411) (14,350,766) (604,112) (2,203,071) 11,411 172,187 297,199 926,385 467,249 2,062,988 134,208 3,461,225 (26,793) (2,075,117) 252,743 578,344 827,407 4,027,440 —— 5,050,000 -- 4,340,793 (388,991) (2,263,057) —— (813,862) -- 710,160 (388,991) 5,603,714 —— (35,232,699) — - 21,267,356 9,664 820,835 _____ 91664 {13,144,508} 745,279 (2,586,969) —— 121031,910 $ 745,279 $ 9,444,941 H-8 f . . f MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL ENTERPRISE FUNDS — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Municipal Svc Card District Sound Marathon Waste Bridge Airport Operating income $ 190,513 $ 546,872 $ 59,543 Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation and amortization 916,076 88,957 10,503 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 157,414 28 (11,009) Due from other funds (1,105) (216) (187,802) Due from other governmental units -- (59,035) (639,640) (Decrease)Jlncrease in: Accounts payable (837,888) (209) 673,523 Accrued wages (53,948) (10,354) 3,725 Due to other funds (513,896) 102,285 23,899 Due to other governmental units 29 386 -- Deposits (13,075) 225 13,306 Landfill Closure Costs 148,470 -- -- Compensated Absences 13,341 676 9,474 Asserted and paid claims (1,882) -- -- Total adjustments (186,464) 122,743 (104,021) Net cash provided (used) by operating activities $ 4,049 $ 669,615 $ (44,4781 SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING, CAPITAL AND INVESTING ACTIVITIES The Municipal Service District,Waste and Card Sound Bridge retired certain plan assets having a net book value of$6,586 and$2,126 respectively. The Marathon and Key West Airports received certain plan assets contributed from the General Fund having a net book value of$1,415,600 and$916,394 respectively. H-9 Key West Airport Total 68,588 865,516 38,680 1,054,216 (6,773) 139,660 105,061 (84,062) 134,830 (563,845) 56,424 (108,150) (13,589) (74,166) (148,308) (536,020) 415 2,500 2,956 148,470 59,786 83,277 (1,88?) 228,611 60,869 297,199 $ 926,385 H-10 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL MUNICIPAL SERVICES DISTRICT - WASTE FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration $ 547,105 $ 541,405 $ 5,700 Hazardous Waste 299,352 231,024 68,328 Franchise Operators 3,737,288 3,702,507 34,781 Indirect Costs 100,000 -- 100,000 Cudjoe Key Transfer Station 1,736,340 1,717,991 18,349 Cudjoe Key Landfill 200,326 177,203 23,123 Cudjoe Key Landfill Closure 440,670 439,692 978 Cudjoe Key Post Closure 9,129 -- 9,129 Long Key Transfer Station 2,253,901 2,226,436 27,465 Long Key Landfill 233,196 204,372 28,824 Long Key Landfill Closure 919,300 918,572 728 Long Key Post Closure 9,129 -- 9,129 Key Largo Transfer Station 2,979,803 2,848,697 131,106 Key Largo Landfill 267,909 185,221 82,688 Key Largo landfill Closure 205,751 205,531 220 Key Largo Post Closure 40,275 -- 40,275 Pollution Control 276,443 88,825 187,618 Recycling 741,668 676,560 65,108 Recycling Grant 66,219 44,652 21,567 DER Recycling Grant 123,151 86,531 36,620 Mosquito Control Fire Abatement Grant 18,272 7,585 10,687 Litter Grant 46,634 46,634 -- Salary Adjustment 26,528 -- 26,528 Total Operating Expenditures 15,278,389 14,349,438 928,951 Non-Operating Expenditures: Debt Service: Principal Retirement 1,013,862 813,862 200,000 Interest Expenses and Fiscal Charges 729,502 638,908 90,594 Capital Outlay 4,783,669 945,178 3,838,491 Loss on Disposition of Assets 6,586 6,586 -- Total Non-Operating Expenditures 6,533,619 2,404,534 4,129,085 Operating Transfers and Reserves: Reserve for Contingencies 2,369,823 -- 2,369,823 Transfers to Other Funds 1,799,564 1,632,112 167,452 Total Operating Transfers and Reserves 4,169,387 1,632,112 2,537,275 Total Expenditures 25.981,395 $ 18,386,084 $ 7,595,311 H-11 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL CARD SOUND BRIDGE FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual Unfavorable Operating Expenditures: Card Sound Road&Toll Bridge $ 405,359 $ �` 379,134 $ 26,225 Card Sound Bridge Repair 49,890 40,104 9,786 County Engineer 66,176 49,635 16,541 Salary Adjustment 9,703 Total Operating Expenditures 531,128 468,873 _ 62,255 Non—Operating Expenditures: Debt Service: Principal Retirement 135,625 -- 135,625 Interest Expenses and Fiscal Charges 149,491 149,491 Capital Outlay 6,341,360 370,229 5,971,131 Loss on Disposition of Assets 2,126 2,126 -- Total Non—Operating Expenditures 6,628,602 521,846 6,106,756 Operating Transfers and Reserves: Reserve for Contingencies 500,000 —_ 500,000 Transfers to Other Funds 422,689 401,874 20,815 Total Operating Transfers and Reserves 922,689 401,874 520,815 Total Expenditures $ 8,082,419 $ 1,392,593 $ 6 689 826 H-12 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL MARATHON AIRPORT FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual Unfavorable) Operating Expenditures: Operation&Maintenance $ 240,669 $ 230,823 $ 9,846 Development of Regional Impact Study 6,230 6,230 -- Salary Adjustment 3,250 -- _ 3,250 Total Operating Expenditures 250,149 237,053 13,096 Non—Operating Expenditures: Capital Outlay 5,784,273 977,911 4,806,362 Operating Transfers and Reserves: Reserve for Contingencies 116,937 -- 116,937 Transfers to Other Funds 14,338 - Total Operating Transfers and Reserves 131,275 14,338 116,937 Total Expenditures 6,165,697 $ 1,229,302 $ 4,936,395 H-13 MONROE COUNTY, FLORIDA SCHEDULE F EXPENDITURES — BUDGET AND ACTUAL Y WEST AIRPORT FOR THE YEAR ENDED SEPTEMBER , 1 3 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Operation & Maintenance $ 1,071,437 $ 1,067,025 $ 4,412 Non—Operating Expenditures: Capital Outlay 4,234,226 618,802 3,615,424 Operating Transfers and Reserves: Reserve for Contingencies 199,868 —— 199,868 Transfers to Other Funds 26,793 26,793 -- Total Operating Transfers and Reserves _ 226,661 26,793 _ 199,868 Total Expenditures $ 5,532,324 $ 1,712,620_ $ 3 819 704 H-14 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1991 DESCRIPTION SEPTEMBER 30, 1993 Refunding Bonds Series 1991 Original authorization $11,000,000 Unissued 1,430,000 Issued 9,570,000 Retirements through September 30, 1993 180,000 Balance outstanding September 30, 1993 $9,390,000 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--15 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1991 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1993 $9,570,000 Refunding Improvement Bonds-Series 1991 Bond Year Ending Original Total October I Principal Interest Debt Service 1991 $ 307,834 $ 307,834 1992 180,000 615,668 795,668 1993 285,000 606,307 891,307 1994 300,000 590,918 890,918 1995 315,000 574,117 889,117 1996 335,000 556,162 891,162 1997 355,000 536,732 891,732 1998 375,000 515,788 890,788 1999 405,000 493,288 898,288 2000 425,000 468,380 893,380 2001 455,000 441,605 896,605 2002 480,000 412,485 892,485 2003 510,000 381,285 891,285 2004 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 $ 9,570,000 $ 8,126,306 $ 17,696,306 H-16 MONROE COUNTY, FLORIDA CARD SOUND ROAD AND BRIDGE IMPROVEMENT REVENUE BONDS — SERIES 1993 DESCRIPTION SEPTEMBER 30, 1993 Improvement Revenue BondE Series 1993 Original authorization $4,585,000 Unissued -- Issued 4,585,000 Retirements through September30, 1993 -- Balance outstanding September 30, 1993 $4,585,000 Date of issue January 1, 1993 Maturity range 1993-2007 Principal payment date November 1 Interest payment dates May — November Denominations $5,000 Interest rates: 2.40%Maturities 1993 5.10%Maturities 2001 3.10%Maturities 1994 5.30% Maturities 2002 3.70% Maturities 1995 5.40% Maturities 2003 4.00%Maturities 1996 5.50% Maturities 2004 4.30% Maturities 1997 5.60% Maturities 2005 4.50% Maturities 1998 5.70% Maturities 2006 4.70% Maturities 1999 5.80% Maturities 2007 4.80% Maturities 2000 Average interest cost rate 4.95% Call feature 11/01/92 — 10/31/03 102 11/01/93 — 10/31/04 101. 11/01/94 — Maturity 100 Paying agent Barnett Banks Trust Company, N.A. Jacksonville, Florida H-17 MONROE COUNTY, FLORIDA CARD SOUND ROAD AND BRIDGE IMPROVEMENT REVENUE BONDS - SERIES 1993 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1993 $4,585,000 Improvement Bonds-Series 1993 Bond Year Ending Original Total November 1 Principal Interest Debt Service 1993 $ 155,000 $ 189,229 $ 344,229 1994 175,000 223,355 398,355 1995 185,000 217,930 402,930 1996 195,000 211,085 406,085 1997 205,000 203,285 408,285 1998 295,000 194,470 489,470 1999 305,000 181,195 486,195 2000 320,000 166,860 486,860 2001 335,000 151,500 486,500 2002 350,000 134,415 484,415 2003 370,000 115,865 485,865 2004 390,000 95,885 485,885 2005 410,000 74,435 484,435 2006 435,000 51,475 486,475 2007 460,000 26,680 486,680 $ 4,585,000 $ 2,237,664 $ 6,822,664 H-18 THIS PAGE INTENTIONALLY LEFT BLANK INTERNAL SERVICE FUNDS ` WORKER'S COMPENSATION To account for departmental and agency revenues used for the purpose of financing Monroe County's Worker's Compensation Program. GROUP INSURANCE To account for departmental and agency revenues used for 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. MOUNRIDECOUNTY, FLORIDA COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS SEPTEMBER 30, 11,993 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Totall ........................... ASSETS Current Assets: Cash and Cash Equivalents $ 876,030 $ 1,461,608 $ 570,635 $ 2,908,273 Investments at Cost or Amortized Cost 596,210 596,210 993,684 2,186,104 Accounts Receivable 3,740 181,499 538 186,777 Interest Receivable 7,442 7,442 12,404 27,288 Due from her Funds 9,635 345,600 126 355,361 Due from Other Governmental Units 16 179 16179 .......................... Total Current Assets __� 493 7 �O 177, 78 2 Property, Plant and Equipment (Net,Where Applicable, of Accumulated Depreciation) ........... 81680 1909 211 13-9 728 Total Assets $ __-I MI 737 619,41L$ 98 W$ 5710 710 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts Payable $ 31,486 $ 78,591 $ 63,,267 $ 173,344 Accrued Wages and Benefits Payable 3,686 3,430 3,954 11,070 Claims&Judgments Payable 250,000 1,251,477 1,348,325 2.849,802 Due to Other Funds 6,800 69,720 3,871 80,391 Other Current Liabilities 6702 6702 ............................................... .......... T 9 21,otal Current Liabilities 1,291,972 409, 1 "41�7 1 �Q�920 14 ___3L Long-Term Liabilities: Accrued Compensated Absences 1 505 11244 8 OJ91 Total Liabilities 1,4V i� 3 1 1 M... ................... ..... Fund Equity: Retained Earnings- Unreserved 1 199250 1 171090 2559633 Total Liabilities and Fund Equity $ H-19 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Worker's Group Risk Compensation Insurance Management Fund Fund Fund Total Operating Revenues: Charges for Services $ 1,329,519 $ 5,327,737 $ 1,048,695 $ 7,705,951 Miscellaneous 44,581 702 2,319 47,602 Total Operating Revenues 1,374,100 5,328,439 1,051,014 7,753,553 Operating Expenses: Personal Services 150,397 115,737 131,391 397,525 Operations 379,239 979,943 594,612 1,953,794 Depreciation 3,048 425 5,468 8,941 Asserted and Paid Claims 245,937 4,278,255 479,428 5,003,620 Total Operating Expenses _ 778,621 5,374,360 1,210,899 7,363,880 Operating Income (Loss) 595,479 (45,921) (159,885) 389,673 Non-Operating Revenues(Expenses): Interest 46,435 56,290 67,016 169,741 Loss on Disposition of Assets (4,690) (629) (2,350) (7,669) Total Non-Operating Revenues (Expenses) 41,745 55,661 64,666 162,072 Income (Loss) Before Operating Transfers 637,224 9,740 95,219 551,745 Operating Transfers: Transfers from Other Funds -- -- 5,000 5,000 Transfers to Other Funds (5,146) (3,972) 3,972 (13,090) Total Operating Transfers (5,146) (3,972) 1,028 (8,090) Net Income (Loss) 632,078 5,768 (94,191) 543,655 Fund Equity - October 1, 1992 567,182 1,183,515 265,281 2,0152978 Fund Equity- September 30, 1993 $ 1199,260 $ 1,189,283 $ 171,090 $ 2,559, 333 H-20 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 DECREASE IN CASH AND CASH EQUIVALENTS Worker's Group Risk Compensation Insurance Management Fund Fund Fund Total Cash flows from operating activities: Cash received for services $ 1,327,802 $ 5,669,000 $ 1,049,131 $ 8,045,933 Cash payments to suppliers for goods and services (953,519) (5,079,887) (860,469) (6,893,875) Cash payments to employees for services (148,297) (112,474) (128,856) (389,627) Other operating revenue 44,581 702 2,319 47,602 Net cash provided by operating activities 270,567 477,341 62,125 810,033 Cash flows from noncapital financing activities: Operating transfers from other funds —— —- 5,000 5,000 Operating transfers to other funds (5,146) (3,972) (3,972) (13,090) Net cash provided (used) by noncapital financing activities (5,146) (3,972) 1,028 (8,090) Cash flows from capital and related financing activities: Acquistion of fixed assets (756) (281) (4,273) (5,310) Cash flows from investing activities: Purchase of investment securities (596,210) (596,210) (993,684) (2,186,104) Interest on investments 38,993 48,848 54,612 142,453 Net cash used by investing activities (557,217) (547,362) _ _939,072 (2,043,651) Net decrease in cash and cash equivalents (292,552) (74,274) (880,192) (1,247,018) Cash and cash equivalents at beginning of year 1,168,582 1,535,882 1,450,827 4,155,291 Cash and cash equivalents at end of year $ 876,030 $ 1,461,608 $ 570,635 $ 2,908,273 H-21 (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS - CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Worker's Group is Compensation Insurance Management Fund Fund Fund Total Operating income (loss) $ _595,479 $ (45,921) $ (159,885) $ 389,673 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 3,048 425 5,468 8,941 Change in assets and liabilities: Decrease/(Increase) in: Accounts receivable 4,280 (68,008) (288) (64,016) Due from other funds (7,797) 364,622 724 357,549 Due from other governmental units 1,800 44,649 46,449 (Decrease)/Increase in: Accounts payable (17,569) 4,616 22,302 9,349 Accrued wages (2,609) (1,549) (2,593) (6,751) Due to other funds (14,908) 63,781 (3,156) 45,717 Compensated absences 4,709 4,812 5,128 14,649 Asserted and paid claims (295,866) 107,595 194,425 6,154 Other current liabilities 2,319 2,319 Total adjustments (324,912) 523,262 222,010 420,360 Net cash provided by operating activities $ 270,567 $ 477,341 $ �62 125 $ �81 0 03_3_ SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING CAPITAL AND INVESTING ACTIVITIES Worker's Compensation, Group Insurance, and Risk Management Funds retired certain plan assets having a net book value of $4,690,$629, and$2,350 respectively. H-22 x MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL WORKER'S COMPENSATION FUND FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administrative 128,953 $ 128,484 $ 469 Operations and Claims 1,124,700 614,640 510,060 Safety&Loss Control 37,804 37,139 665 Total Operating Expenditures 1,291,457 780,263 511,194 Non—Operating Expenditures: Capital Outlay 756 756 -- Operating Transfers and Reserves: Reserve for Contingencies 524,543 -- 524,543 Transfers to Other Funds 5,146 5,146 —— Total Operating Reserves 529,689 5,146 524,543 Total Expenditures $ 1,821,902 $ 786,165 $ 1,035,737 H-23 MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL GROUP INSURANCE FUND FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual fppfqvorable) Operating Expenditures: Administation $ 131,917 $ 129,920 $ 1,997 Group Insurance Claims 5,268,228 5,244,644 23,584 Total Operating Expenditures __5,400,145 5,374,564 25,581 Non—Operating Expenditures: Capital Outlay 281 281 Operating Transfers and Reserves: Reserve for Contingencies 2,086,230 2,086,230 Transfers to Other Funds 3,972 3,972 Total Operating Reserves 2,090,202 3,972 2,086,230 Total Expenditures $ 7,490,628 $ �378817 $ 2,111 811 H-24 X MONROE COUNTY, FLORIDA SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL RISK MANAGEMENT FUND FOR THE YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Operating Expenditures: Administration 126,495 $ 124,462 $ 2,033 Risk Management Claims 1,146,048 1,040,185 105,863 Safety and Loss Control 44,928 43,134 1,794 Total Operating Expenditures 1,317,471 1,207,781 109,690 Non—Operating Expenditures: Capital Outlay 4,850 4,272 578 Operating Transfers and Reserves: Reserve for Contingencies 951,084 —— 951,084 Transfers to Other Funds 3,972 3,972 -- Total Operating Reserves 955,056 3,972 951,084 Total Expenditures $ 2,277,377 $ 1,216,025 $ 1,061,352 H-25 FIDUCIARY FUNDS INMATE WELFARE To 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 USE TRUST 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 HEALTH CARE PROGRAM 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 PLAN To account for assets held for employees in accordance with the provisions of Internal Revenue Code Section 457. CLERK GENERAL 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 To 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 boat registrations, applications and transfers 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, 1993 EXPENDABLE TRUST FUNDS Law Dnig Shared County Inmate Enforcement Abuse &State Health Welfare Trust Trust Care Program ASSETS Cash and Investments $ 45,732 $ 34,292 $ 19,668 $ 4,536 Accounts Receivable —— 19 —— —— Due from Other Funds -- -- -- -- Due from Other Governmental Units -- 57,535 497 -- Total Assets $ 45,732 $ 91,846 $ 20,165 $ 4,536 LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable —— $ 696 $ —— $ —— Due to Other Funds —— —— —— —— Due to Others 6,957 -- -- -- Due to Other Governmental Units 343 -- -- -- Total Liabilities 7,300 696 -- Fund Balance: Reserved for Trust Fund Purposes 38,432 91,150 20,165 4,536 Total Fund Balance 38,432 91,150 20,165 4,536 Total Liabilities and Fund Balance $ 45,732 $ 91,846 $ 20,165 $ 4,536 1-1 AGENCY FUNDS Court Deferred Clerk Sheriff Facility Compensation General General Tag and Property Fees Plans Agency Agency License Tax 'total 296,437 1,552,244 $ 2,157,460 $ 622, $ 173,100 $ 1,861,232 $ 6,767,551 27,346 1,378 1,750 30,493 3,523 -® ®- __ __ __ 3,523 3,081 -- 4, 36 -- -- 65,549 $ 303,041 $ 1,552,244 $ 2,189,242 $ 622,850 $ 174,478 $ 1,8 2,982 $ 6,867,116 $ 3,489 $ -- $ -- $ -- $ -- $ -- $ 4,185 85,206 -- -- -- -- -- 85,206 -- 1,552,244 1,112,238 617,134 4,794 1,621 3,294,988 -- -- 1,077,004 5,716 169,684 1,861,361 3,114,108 88,695 1,552,244 2,189,242 622,850 174,478 1,862,982 6,498,487 214,346 -- -- -- -- -- 368,629 214,346 -- -- -- -- -- 368,629 $ 303,041 $ 1,552,244 $ 2,189,242 $ 622,850 $ 174,478 $ 1,862,982 $ 6,867,116 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, 1993 Law Drug Inmate Enforcement Abuse Welfare Trust Trust Revenues: Charges for Services $ —— $ —— —— Fines& Forfeitures -- 137,672 3,851 Interest —-- 1,650 566 Miscellaneous 157,127 —— —— Total Revenues 157,127 139,322 4,417 Expenditures: Current: General Government -- -- Public Safety 122,481 102,940 -- Total Expenditures 122,481 102,940 -- Excess of Revenues Over/ (Under) Expenditures 34,646 36,382 4,417 Other Financing Sources/(Uses): Transfers from Other Funds -- -- -- Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses 34,646 36,382 4,417 Fund Balance, October 1, 1992 3,786 54,768 15,748 Fund Balance, September30, 1993 $ 38,432 $ 91,150 $ 20 165 1-3 Shared County Court & State Health Facility Care Program Fees Total 39,942 $ 39,942 -- -- 141,523 160 3,540 5,916 -- -- 157127 160 43,482 344,508 -- 3,488 3,488 -- -- 225,421 -- 3,488 228,909 160 39,994 115,599 -- 85,207 85,207 160 125,201 200,806 4.376 89,145 167,823 $ 4.536 $ 214,346 $ 368 629 1-4 MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR FISCAL YEAR ENDED SEPTEMBER 30, 1993 Balance Balance October 1, September 30, 1992 Additions Deductions 1993 DEFERRED COMPENSATION PLANS: ABETS Cash and Investments 1j200 173 432® 60g $ 1,552,244 LIABILITIES Due to Others $ 1 0,173 432364 , $ 1,552,244 CLERK GENERAL AGENCY, ASSETS Cash and Investments 1,421,451 18,146,731 17,410,722_ $ 2,157,460 Accounts Receivable 26,874 361,6D6 361,134 , Due from Other Govemmental Units 3,937 13,979 13,530 4,430 Total Assets $ i 45 312 16,5 ,316 17,7 85,386 $ 2,1E9,24 LIABILITIES Due to Others $ 658,015 12,5 ,920 12,129,697 1,11Z238 Due to Other Governmental Units 794,297 5,938,396 5,655,689 1,077,004 Total Liabilities 1® 7 312 18,)L22 316 17,785,386 2189 242 SHERIFF GENERAL AGENCY. ASSETS Cash and Investments $ 448,786 1,303,030 1,128,966 $ 622,850 Due from Other Govemmental Units 256 25 Total Assets $ 448786 1,303,286 $ 1,129.222 $ 622.850 LIABILITIES Due to Others $ 443,348 1,233,506 1,059,720 $ 617,134 Due to Other Govemmental Units 5,438 69,780 69,5M 5,716 TotalLiabilities ,766 1, 266 1,129,222 $ 622,850 1® (Continued) MONROE COUNTY, FLORIDA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS - CONTINUED FOR FISCAL YEAR ENDED SEPTEMBER 30, 1993 Balance Balance October 1, September 30, TAG AND LICENSE: 1992 Additions -Deductions 1993 ASSETS Cash and Investments $ 190,941 $ 6,755,792 $ 6,773,633 $ 173,100 Accounts Receivable 3,394 2,016 1,378 Total Assets $ 194,335 $ 6, 155,792 $ 6,775,649. $ 174,478 LIABILITIES Due to Others $ 5,762 $ 9,503 $ 10,471 $ 4,794 Due to Other Governmental Units 188,573 6,746,289 6,765,178 169,684 Total Liabilities $ 194,335 $ 6,755 792 $ 6,775,649 $ 174,478 PROPERTY TAX: ASSETS Cash and Investments $ 1,856,579 $ 119,323,686 $ 119,319,033 $ 1,861,232 Accounts Receivable 3,349 1,599 1,750 Total Assets $ 1,859,928 $ 119 323,686 $ 119,320,632 $ 1,8682 LIABILITIES Due to Others $ 6,040 $ 5,487,173 $ 5,491,592 $ 1,621 Due to Other Governmental Units 1,853,888 113,836,513 113,829,040 1,861,361 Total Liabilities $ 1,859,928 $ 119,323,686 $ 119,320,632 $ 1,862,982 TOTAL ALL AGENCY FUNDS: ASSETS Cash and Investments $ 5,117,930 $ 145,961,603 $ 144,712,647 $ 6,366,886 Accounts Receivable 33,617 361,606 364,749 30,474 Due from Other Governmental Units 3,987 14,235 13,786 4,436 Total Assets $ 5,155,534 $ 146,337,444 $ 145,091,182 $ 6,401,796 LIABILITIES Due to Others $ 2,313,338 $ 19,746,466 $ 18,771,773 $ 3,288,031 Due to Other Governmental Units 2,842,196 126,590,978 126,319,409 3,113,765 Total Liabilities $ 5,155,534 , $ 146,337,444 $ 145091 182 6401,796 1-6 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL LAW ENFORCEMENT TRUST EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Fines and Forfeitures 82,614 $ 137,672 $ 55,058 Interest 1,000 1,650 650 Total Revenues 83,614 139,322 55,708 Expenditures: Current: Public Safety 113,150 102,940 10,210 Excess of Revenues Over/ (Under) Expenditures (29,536) 36,382 65,918 Fund Balance, October 1, 1992 54,768 54,768 -- Fund Balance, September 30, 1993 $ 25,232 $ 91,150 65,918 1-7 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, 1993 Variance Favorable Budctet Actual (Unfavorable) Revenues: Fines and Forfeitures $ 1,500 3,851 $ 2,351 Interest 200 566 366 Total Revenues 1,700 4,417 2,717 -------------- Expenditures: Current: Human Services 14,529 —— 14,529 -------------- Excess of Revenues Over/ (Under) Expenditures (12,829) 4,417 17,246 Other Financing Sources/(Uses): Reserve for Contingencies (1,609) —— 1,600 Excess of Revenues and Other Sources Over/(Under) Expenditures and Other Uses (1.4,429) 4,417 18,846 Fund Balance, October 1, 1992 15,748 15,748 - — Fund Balance, September 30, 1993 $ 1,319 $ 20,165 $ 18,846 I-8 MONROE COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — BUDGET AND ACTUAL SHARED COUNTY AND STATE HEALTH CARE PROGRAM EXPENDABLE TRUST FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest $ 100 $ 160 $ 60 Expenditures: Current: Public Safety 4,454 -- 41454 Excess of Revenues Over/ (Under) Expenditures (4,354) 160 4,514 Fund Balance, October 1, 1992 4,376 4,376 -- Fund Balance, September 30, 1993 $ 22 $ 4,536 4,514 1-9 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, 1993 Variance Favorable Budget Actual (Unfavorable) Revenues: Charges for Services $ $ 39,942 39,942 Interest 1,000 3,540 2,540 Total Revenues 1,000 43,482 42,482 Expenditures: Current: General Government: Court Facility 59,089 3,488 55,601 Excess of Revenues Over/ (Under) Expenditures (58,089) 39,994 98,083 Other Financing Sources/(Uses): Transfers from Other Funds 85,207 85,207 Excess of Revenues and Other Sources Over/(Undeo Expenditures and Other Uses (58,089) 125,201 183,290 Fund Balance, October 1, 1992 89,145 89,145 Fund Balance, September 30, 1993 $ 31,056 214.346 183,290 1-10 THIS PAGE INTENTIONALLY LEFT BLANK ACCOUNT GROUPS 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 bonded debt and other forms of long—term debt supported by general revenue sources of the Monroe County Governmental Unit. THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE SEPTEMBER 30, 1993 Total GENERAL FIXED ASSETS: Land 13,788,262 Buildings 23,400,637 Equipment 30,747,785 Construction In Progress 35,092,778 Total General Fixed Assets 1 )3�029 462 INVESTMENTS IN FIXED ASSETS: General Fund Revenues: County Funding $ 22,252,821 1988 Improvement Revenue Bonds 62,098 Federal Grants and Shared Revenues 880,772 State Grants and Shared Revenues 653,580 Donations 186,467 General Obligation Bonds 2,469,017 Special Revenue Fund Revenues 13,182,327 Donations 2,595,538 Capital Project Fund: Special Revenue Bonds 1,210,451 1988 Improvement Revenue Bonds 2,194,322 1991 Sales Tax Revenue Bonds 28,882,737 Federal Grants and Shared Revenues 1,152,746 State Grants and Shared Revenues 110,023 County Funding 27,184,655 Donations 11,908 Total Investment in General Fixed Assets 103,029,462 J-1 MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION Tl l SEPTEMBER 3 , 1 9 Construction Land Buildings gquipment in Progress. of GeneralGovernment: Legislative $ -- $ -- 89,3 $ -- 89,343 Executive 41,989 41,989 Financial and Administrative 439,179 3,393,859 2,768,646 -- 6,601,684 Legal Counsel -- -- 60,905 -- 60,90 Comprehensive Planning 23,223 28,580 427,391 479,194 Judicial -- 127,573 1,263,456 -- 1,391, 9 Cher General Government 4,491,358 6,111,391 2,699,502 13, 02,251 Total General Government 4,953,760 9,661,403 7,351,232 21,966,39 Public Safety: Law Enforcement 359,962 1,231,998 7,891,419 9,483,379 Fire Control 340,135 22 ,269 6,181,724 6,750,12 Detention/Correction 4,858,904 7,219,74 22,941 -- 12,101,58 Protective Inspections -- 14,808 167,580 -- 12,38 Emergency and Disaster Relief Services -- 36,786 579,867 -- 616,65 Ambulance and Rescue Service: -- 13,215 2,754,959 2,76 ,17 Medical Examiner -- -- 32,995 -- 32,995 Other Public Safety -- -_ 9,750 9,750 Total Public Safety 5,559,001 8,744,820 17,641,235 -- 31, 45,056 Physical Environment: Conservation& Resource Mgmt -- -- 53,197 -- 53,197 Other Physical Environment -- _- 7,511 -- 7,511 Total Physical Environment -_ -- 60,708 -- 60,70 Transportation: Road and Street Facilities -- 22,009 2,612,917 -- 2,634,926 Airports 130,700 -- -- -- 130,70 Parking Facilities 799,963 -- -- -- _ 799,963 Total Transportation 930,663 22,009 2,612,917 -- 3,565,589 Economic Environment: Industry Development 369,000 -- -- -- 369,000 Veteran's Services -- -_ 54,397 -- 54,397 Other Economic Development -- -- 147,075 -- 147,07 Total Economic Environment 369,000 201,472 -_ 570, 72 J-2 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY — CONTINUED SEPTEMBER 30, 1993 Construction Land Buildings Equipment in Progress Total Human Services: Hospitals —— 34,510 163,152 ®- 197,662 Health 10,500 367,442 946,068 -- 1,324,010 Welfare 81500. 445,618 468,027 -- 922,145 Total Human Services 19,000 847,570 1,577,247 -® 2,443,817 Culture and Recreation: Libraries 63,184 3,034,727 274,964 -- 3,372,875 Parks and Recreation 1,885,354 1,083,844 163,103 -- 3,132,301 Other Culture and Recreation 8,300 6,264 864,907 -- 879,471 Total Culture and Recreation 1,956,838 4,124,835 1,302,974 —— 7,384,647 Construction in Progress —=_ -- -- 35,092,778 35,092,778 Total $ _ 13 788i262 $ 23,400,637 $ 30,747,785 $ 35,092,778 $ 103,029,462 J-3 MONROE COUNTY, FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 October 1, Transfers September 30, 1992 Additions Deductions In Out 1993 General Government: Legislative $ 115,266 $ -- $ 25,077 $ -- $ 846 $ 89,343 Executive 39,360 9,527 6,898 -- -- 41,989 Financial and Administrative 5,605,830 1,092,540 134,257 38,381 810 6,601,684 Legal Counsel 74,423 1,808 15,326 -- -- 60,905 Comprehensive Planning 501,285 46,311 61,280 9,897 17,019 479,194 Judicial 1,291,570 173,773 74,404 900 810 1,391,029 Other General Government 12,089,157 1,347,354 117,790 -- 16,470 13,302,251 Total General Government 19,716,891 2,671,313 435,032 49,178 35,955 21,966,395 Public Safety: Law Enforcement 8,797,144 1,388,998 702,763 198,938 198,938 9,483,379 Fire Control 6,733,092 591,185 566,727 -- 7,422 6,750,128 Detention/Correction 12,087,991 14,091 493 -- -- 12,101,589 Protective Inspections 198,753 18,547 42,034 7,122 -- 182,388 Emergency and Disaster Relief Svcs 601,968 95,728 81,645 602 -- 616,653 Ambulance and Rescue Services 1,687,480 1,376,834 265,426 45,448 76,162 2,768,174 Medical Examiner 33,879 2,241 3,125 -- -- 32,995 Other Public Safety - 9,750 -- -- -- -- 9,750 Total Public Safety 30,150,057 3,487,624 1,662,213 252,110 282,522 31,945,056 Physical Environment: Conservation and Resource Mgmt 20,249 39,569 6,621 -- -- 53,197 Other Physical Environment 3,511 4,000 - -- -- 7,511 Total Physical Environment 23,760 43,569 6,621 -- -- 60,708 Transportation: Road and Street Facilities 2,652,385 99,969 135,149 586,441 568,720 2,634,926 Airports 3,612,822 -- 3,482,122 -- -- 130,700 Parking Facilities __799,963 -- -- -- -- 799,963 Total Transportation: 7,065,170 99,969 3,617,271 586,441 568,720 3,565,589 Economic Environment: Employment Opportunity Development 799 -- 799 -- -- -- Industry Development 200,000 169,000 -- -- -- 369,000 Veteran's Services 58,600 -- 4,203 -- -- 54,397 Other Economic Development 142,636 19,067 14,628 -- -- 147,075 Total Economic Environment 402,035 188,067 19,630 -- -- 570,472 J-4 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY — CONTINUED FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1993 October 1, Transfers September 30, 1992 Additions Deductions In Out 1993 Human Services: J Hospitals 205,931 -- 8,269 -- -- 197,662 Health 992,777 391,462 60,229 -- -- 1,324,010 Welfare 900,845 174,127 _ 1531195 _ 2,795 2,427 922,145 „r Total Human Services 2,099,553 565,589 221,693 2,795 2,427 2,443,817 Culture and recreation: Libraries 2,573,553 884,168 83,946 -- 900 3,372,875 Parks and Recreation 3,003,497 163,887 35,083 -- -- 3,132,301 Other Culture/Recreation 879,997 -- 526 -- -- 879,471 Total Culture and Recreation 6,457,047 1,048,055 119,555 -- 900 7,384,647 Construction in Progress 19,749,206 18,455,344 3,111,772 -- -- 35,092,778 Total $ 85,663,719 $ 26 559,530 $_9,193,787 $ 890,524 $ 890,524_$ 103,029,462 J-5 THIS PAGE INTENTIONALLY LEFT BLANK MONROE COUNTY, FLORIDA SCHEDULE F CHANGES ! FRAL LONG—TERM FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1 9 Balance Balance October 1, September 30, 1992 Additions Retirements 1993 General Long—Term Debt Payable: — Revenue Bonds Payable: Improvement Revenue Bonds,Series 1983 $ 1,890,000 $ -- $ 1,890,000 $Improvement Revenue Bonds,Series 1988A 5,000,000 -- 5,000,000 --- Improvement Revenue Bonds,Series 1988B 1,680,000 -- 1,680,000 -- ales Tax Revenue Bonds, Series 1991 41,280,000 —— 2,540,000 38,740,000 Refund Improvement Revenue Bonds,Series 1993 (83) -- 1,185,000 105,000 1,080,000 Refund Improvement Revenue Bonds,Series 1993 (88) -- 7,230,000 -- 7,230,000 Total Revenue Bonds Payable 49, 50,000 8,415,000 11,215,000 47, 50,00 Installment Loans 179,006 4 , 93 52,873 175,226 Capital Lease Obligations Board of County Commissioners 23,895 -- 1 ,937 12,958 Property Appraiser 140,795 -- 140,795 -- Total Capitalized Lease Obligations 164,690 -- 151,732 12, 58 Accrued Compensated Absences: Board of County Commissioners 1,052,412 21,131 3,019 1,070,524 Tax Collector 37,998 5,703 -- 43,701 Property Appraiser 76,956 5,283 82,239 Sheriff 1,169,522 241,616 --- 1, 11,138 Total Accrued Compensated Absences 2,336,888 273,733 3,019 2,607,602 Total General Lang—Term Debt Payable $ 52,530,584 _ .,737,8 11,42 ,624 $ 4 ,845,78 J-6 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1993 (83) DESCRIPTION SEPTEMBER 30, 1993 Refunding Bonds Series 1993 (83) Original authorization $2,500,000 Unissued 1,315,000 Issued 1,185,000 Retirements through September 30, 1993 105,000 Balance outstanding September30, 1993 $1,080,000 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 3.95% Paying agent Barnett Banks Trust Company, N.A. Jacksonville, Florida J-7 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1993 (83) DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1993 $1,185,000 Improvement Bonds—Series 1993 (83) Bond Year Ending Original Total July 1 Principal Interest Debt Service 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, 1993 Refunding Bonds Series 1993 (88) Original authorization $7,500,000 Unissued 270,000 Issued 7,230,000 Retirements through September 30, 1993 -- Balance outstanding September 30, 1993 $7,230,000 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 4.00%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 12/01/01 — 11/30/02 102 12/01/02 — 11/30/03 101 12/01/03 — Maturity 100 Paying agent Nations Bank of Florida, N.A. J-9 MONROE COUNTY, FLORIDA REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1993 (88) DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1993 $7,230,000 Improvement Bonds-Series 1993 (88) and 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 385,000 283,870 668,870 1998 400,000 268,470 668,470 1999 420,000 252,070 672,070 2000 435,000 234,010 669,010 2001 455,000 214,435 669,435 2002 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 $ 7,230,000 $ 3,179,657 $ 10,409,657 J-10 MONROE COUNTY, FLORIDA SALES TAX REVENUE BONDS — SERIES 1991 DESCRIPTION SEPTEMBER 30, 1993 Revenue Bonds Series 1991 Original authorization $43,500,000 Unissued 1,085,000 Issued 42,415,000 Retirements through September 30, 1993 3,675,000 Balance outstanding September 30, 1993 $38 740 000 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—2000101.0 2000—Maturity 100.0 Paying agent First Florida Bank, N.A. Tampa, Florida J-11 MONROE COUNTY, FLORIDA SALES TAX REVENUE BONDS — SERIES 1991 DEBT REQUIREMENTS TO MATURITY SEPTEMBER 30, 1993 $42,415,000 Series 1991 Bonds Fiscal Original Interest Total Year Principal Debt Service- 1992 $1,135,000 $1,194,983 $2,329,983 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 4,879,650 1997 3,100,000 1,783,830 4,883,830 1998 3,270,000 1,613,330 4,883,330 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 4,881,860 2002 4,085,000 794,120 4,879,120 2003 4,330,000 549,020 4,879,020 2004 4,595,000 284,890 4,879,890 $42,415,000 $18,487,573 $60,902,57. 3 J-12 THIS PAGE INTENTIONALLY LEFT BLANK STATISTICAL SECTION 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 K—1 -® 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 • Florida Banker's Association • Department of Natural 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 E E AL PUBLIC PHYSICAL TRANS— I YEAR GOVERNMENT SAFETY ENVIRONMENT PORTATION ENVIRONMENT 14 $ 8,546,621 $ 9,489,904 $ 759,191 $ 3,353,831 175,431 1985 8,731,943 12,189,855 467,548 4,056,687 211, 2 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 2,906,704 198 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, 25 *Includes expenditures in General, Special Revenue, Debt Service and Expendable Trust Fund Types. "Capital Outlay expenditures were reported separately for fiscal year 1987. K-1 HUMAN CULTURE AND DEBT CAPITAL SERVICES RECREATION SERVICE OUTLAY** TOTAL* $ 2,511,116 $ 1,228,840 $ 522,925 $ -- $ 26,587,859 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 2,342,247 705,704 -- 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 K-2 MONROE COUNTY, FLORIDA GENERAL GOVERNMENT REVENUE BY SOURCE LAST TEN YEARS LICENSES INTER CHARGES FISCAL AND GOVERN— FOR YEAR TAXES PERMITS MENTAL SERVICES 1984 $ 17,755,738 $ 1,327,689 $ 8,243,197 $ 1,621,000 1985 17,687,566 1,660,046 9,099,749 1,569,089 1986 23,092,462 2,436,048 9,918,697 2,584,504 1987 25,639,643 1,516,661 9,501,798 2,649,131 1988 32,419,904 1,919,763 11,495,816 3,438,650 1989 37,938,385 2,052,940 18,570,790 3,365,050 1990 41,991,855 2,189,049 17,054,599 4,007,404 1991 46,675,252 2,724,190 14,563,582 4,373,229 1992 48,195,057 2,284,836 16,678,180 4,757,019 1993 53,908,727 2,422,039 18,163,244 4,224,315 *Includes revenues in General, Special Revenue, Debt Service and Expendable Trust Fund types. K-3 FINES AND INTEREST MISCEL- FORFEITURES INCOME ASSESSMENTS LANEOUS TOTAL* 928,425 1,153,259 $ 316,150 31,345,458 1,135,328 1,468,078 363,785 32,983,641 1,129,491 1,558,360 -- 419,433 41,138,995 1,386,196 1,623,451 866,653 334,133 43,517,666 1,705,128 2,249,943 -- 2,164,854 55,394,058 1,906,987 3,616,155 2,131,269 69,581,576 2,153,152 3,935,207 1,501,256 72,832,522 2,099,284 3,805,048 2,300,275 76,540,860 2,218,317 3,093,779 2,026,446 79,253,634 2,214,505 2,314,117 1,823,814 85,070,761 K-4 MONROE COUNTY, FLORIDA PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS FISCAL TAX TAX PERCENT OF YEAR LEVY COLLECTION LEVY COLLECTED 1984 16,098,628 15,367,153 95.5 1985 15,814,489 15,351,860 97.1 1986 20,697,309 19,948,482 96.4 1987 22,633,498 21,732,106 96.0 1988 34,251,268 32,863,650 95.9 1989 31,055,120 29,950,942 96.4 1990 34,489,127 33,259,628 96.4 1991 39,598,532 38,360,079 96.9 1992 40,610,035 39,072,069 96.2 1993 42,637,049 41,350,979 97.0 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 certificates for 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 LAST TEN YEARS REAL PROPERTY PERSONAL PROPERTY TOTAL YEAR— ASSESSED VALUE ASSESSED VALUE ASSESSED VALUE 1984 $ 2,622,121,321 169,044,868 $ 2,791,166,189 1985 2,818,747,746 179,994,814 2,998,742,560 1986 3,114,511,330 209,495,424 3,324,006,754 1987 3,425,252,146 212,232,427 3,637,484,573 1988 3,754,724,220 221,643,508 3,976,367,728 1989 4,208,231,293 261,996,249 4,470,227,542 1990 5,129,539,812 284,929,021 5,414,468,833 1991 5,616,223,591 299,565,576 5,915,789,167 1992 6,135,745,413 305,062,159 6,440,807,572 1993 6,205,863,228 310,418,654 6,516,281,882 Assessed values used are net taxable values after deducting allowable statutory exemptions. Property is assessed as of January 1 st and taxes based on those assessments are levied and become due on the following November I 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" 1984 $ 2,079,413,342 $ 63,730,906 $ 328,300,000 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 Property value and construction does not include the municipal areas of the County. Construction amounts include new construction minus deletions from the Tax Roll. Source: * Monroe County Property Appraiser ** Florida Banker's Association K-7 MONROE COUNTY, FLORIDA PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN YEARS TAX RATES_(MILLAGE) SCHOOL BOARD COUNTY TAX YEAR OPERATING DEBT SERVICE OPERATING DEBT SERVICE OTHER* TOTAL 1984 5.7600 -- 5.4748 0.0351 1.2320 12.5019 1985 5.8580 -- 6.1906 -- 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 -- 6.9222 -- 1.2250 14.4192 1989 6.4570 6.3713 -- 1.1650 13.9933 1990 5.8570 -- 6.6803 -- 1.1570 13.6943 1991 5.7190 -- 6.2992 -- 1.1964 13.2146 1992 5.7070 -- 6.8061 -- 1.1945 13.7076 1993 6.0910 -- 5.5903 -- 1.4065 13.0878 Property is assessed as of January 1 st 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 1 st. * 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-8 , MONBOE COUNTY, FLORIDA PRINCIPAL TAXPAYERS 1893F|SCAL PERCENTAGE ! / ASSESSED YEAR TAXES OF TOTAL TAXPAYER* VALUE" COLLECTED* COLLECTED*- 1. Southern Bell $ 58.520,048 $ 887.862 0.0079 2. Casa Marina 46.261.655 786.513 0.0077 3. CheeceLodge 24.400.465 343,893 0.0033 4. Pier House 23.080.414 247,188 0.0024 6. Holiday Inn Key West 18.761'537 315.783 0.0080 G. The Reach 18.128'578 296.876 0.0028 7. Sheraton Key Largo 17.575.610 247`558 0.0024 8. Southernmost Hotels 17.088.798 289'173 0.0028 Q. Hawko{|ay 16'028.300 216,433 0,0021 iO. Hyatt Key West 1 41 O _ 2 0.0025 $ $ Source: » Monroe County Tax Collector *� Monroe County Property Appraiser K-9 MONROE COUNTY, FLORIDA RATIO F NET GENERAL BONDED DEBT TO ASSESSED VALUET BONDED DEBT PER CAPITA LAST TEN YEARS GROSS DEBT ASSESSED BONDED SERVICE YEAR POPULATION* VALUE** DEBT** FUNDS** 1984 68,752 $ 2,791,166,189 $ —— $ —— 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 -- -- Property Value Assessments are as of January 1 st 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, 1993 PERCENTAGE APPLICABLE TO THIS OVERLAPPING GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT Monroe County, Florida $ -- -- -- School Bonds* 527,740 100% 527,740 Monroe County does not have any outstanding general obligation debt funded by ad valorem taxes. The School Board's fiscal year ends June 30, 1993. Source: * Monroe County School Board K-11 i COUNTY,MONROE FLORIDA RATIO F ANNUAL DEBT SERVICE EXPENDITURESL BONDED DEBT TO TOTAL T EXPENDITURES LAST TEN FISCAL YEARS RATIOF DEBT SERVICE TO OTHER TOTAL L GENERAL FISCAL DEBT DEBT GOVERNMENT GOVERNMENT —PRINCIPAL INTEREST I VICE* EXPENDITURES EXPENDITURES 1984 70,000 $ 39,075 $ 91 $ 109,991 $ 25,956,169 0.42 1985 710,000 38,425 20,107 768,532 31,56 , 02 2.43 1986 136,500 24,054 180 160,734 36,418,839 0.44 1987 140,40 11, 25 -- 151,665 43,373,112 0.35 1988 57,560 4,205 -- 61,765 49, 30,715 0.12 1989 405,728 29,438 435,166 59,600,213 0.73 1990 -- -- -- -- 7 ,210,29 -- 1991 350,000 29,925 -- 379,925 78,099,130 0.4 192 360,000 24,030 384,030 93,790,830 0.41 1993 300,000 13,212 -- 313,212 102,474,769 0.31 *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 1984 $ 5,794,937 $ 4,603,748 $ 1,191,189 $ 50,000 $ 874,558 $ 924,558 1.29 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 * "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 MONROE COUNTY, FLORIDA SCHEDULE OF INSURANCE COMPANIES SEPTEMBER 30, 1993 INSURANCE COMPANY POLICY PERIOD Employees Reinsurance Corporation 10/01/92-93 Insurance Company of North America 03/15/93-94 04/01/93-94 07/01/93-94 07/26/93-94 10/01/92-93 John Alden Life Insurance Company 10/01/92-93 South Carolina Insurance Company 04/03/93-94 John Alden Life Insurance Company 10/01/92-93 United States Fidelity &Guarantee Company 03/15/93-94 Florida Municipal Liability 10/01/92-93 Western World 03/15/93-94 Scottsdale Insurance Company 06/16/93-94 03/15/93-94 Hartford Life &Accident 10/01/92-93 Reliance Insurance Company 03/13/93-94 Safeco Insurance Company/Lloyds of London 07/27/93-94 International Surplus Lines Insurance Company 12/20/92-93 Bankers Standard Insurance Company 10/01/93-94 Insurance Company of North America 11/22/92-96 11/03/92-96 01/01/93-97 Ohio Casualty Company 11/30/92-96 Preferred National Insurance 11/23/92-12/19/94 Florida Windstorm Underwriting Association 03/23/93-94 K-14 MONROE COUNTY, FLORIDA SCHEDULE OF INSURANCE AGENCIES SEPTEMBER 30,1993 EXPIRATION ANNUAL AGENCY DATE PREMIUM Arthur J. Gallagher 09/30/93 37,723 09/30/93 149,981 09/30/93 203,473 Porter Allen Insurance 03/15/94 8,313 04/01/94 981 04/03/94 16,673 05/30/94 1,228 11/13/93 345 The Johnson's Insurance Agency 03/23/94 8,060 03/15/94 200,971 08/21/94 1,388 Florida League of Cities 09/30/93 135,534 09/30/93 39,039 03/15/94 2,500 03/15/94 3,864 06/16/94 4,497 12/20/93 9,000 The CIMA Companies, Inc. 07/01/94 580 07/01/94 196 John Alden Life Insurance 09/30/93 34,992 09/30/93 734,014 Cornelius, Johnson&Clark 03/13/94 34,707 Lance Toland Associates 07/27/94 18,906 Burke, Bogart& Brownell, Inc. 09/30/93 64,056 09/30/93 10,115 Porter Allen Insurance Company 11/22/96 355 11/30/96 179 01/01/97 100 11/03/93 355 The Victoria Agency 12/19/94 100 K-15 MONROE COUNTY, FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS SEPTEMBER 30,1993 ANNUAL AMOUNTOF NAME AND TITLE OF OFFICIAL SALARY SURETY BOND Jack London — Chairman, Board of County Commissioners $ 26,374 2,000 Earl Cheal — Member, Board of County Commissioners 26,374 2,000 Shirley Freeman — Member, Board of County Commissioners 26,374 2,000 Wilhelmina Harvey — Member, Board of County Commissioners 26,374 2,000 Mary Kay Reich — Member, Board of County Commissioners 26,374 2,000 Danny L. Kolhage — Clerk of Circuit Court and Chief Financial Officer 66,295 5,000 Richard D. Roth — Sheriff 74,263 15,000 Harry L. Sawyer, Jr. — Supervisor of Elections 53,864 5,000 Ervin A. Higgs — Property Appraiser 69,032 20,000 Harry F. Knight — Tax Collector 66,295 50,000 Thomas W. Brown — County Administrator 71,970 K-16 MONROE COUNTY, FLORIDA DEMOGRAPHIC STATISTICAL DATA LAST TEN YEARS PER CAPITA MEDIAN SCHOOL UNEMPLOYMENT YEAR POPULATION (1) INCOME (1) AGE ENROLLMENT (3) RATE PERCENTAGE (4) 1984 68,752 12,286 36.7 7,231 4.1 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 8,198 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 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 MISCELLANEOUS STATISTICAL DATA SEPTEMBER 30,1993 Government Structure Governing Body: 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 2 establishment: May 13, 1887 Elementary Schools 6 Middle/Elementary Schools 2 Form of government: Constitutional County Special Ed Schools 1 Present area: 1,034 square miles Number of Administrators 28 Number of Teachers 552 Source: Monroe County School Board POPULATION: Date Residents Increase % EMPLOYEES: Property Appraiser 42 1984 68,752 Tax Collector 49 1985 69,945 1.7 %® Board of County Commissioners 627 1986 71,378 2.05%® Clerk of Circuit Court 101 1987 73,137 2.46%® Supervisor of Elections 9 1988 75,462 3.18% Sheriff 431 1989 76,780 1.75% Land Authority 3 1990 78,024 1.6 %® 1991 79,536 1.94%® 1992 80,968 1.80% AMBULANCE SERVICE: 1993 81,766 0.99%® Number of vehicles 17 Number of employees 51 Source: University of Florida, Bureau of Economic & Business Research POLICE PROTECTION: PARKS AND RECREATION: Number of stations 4 Number of parks& recreation facilities 24 Number of employees: Acreage 96.2 Certified Law Enforcement 323 Support Personnel 108 Source: Department of Natural Resources, Bureau of Park Planning Source: Monroe County Sheriff's Department K-18 (Continued) MONROE COUNTY, FLORIDA MISCELLANEOUS STATISTICAL DATA SEPTEMBER 30,1993 ELECTIONS: Second Presidential Preference, October 1, 1992 Number of Registered Voters: Number of registered voters 38,596 Democrats 19,755 Number of voters 1,273 Republicans 15,912 Percentage of voter turnout 3.30% No Party Affiliation 3,524 Libertarians 61 Independants 56 Other 52 General Election, November 3, 1992 Total 39,360 Number of registered voters 41,820 Number of voters 29,989 Percentage of voter turnout 71.71% Source: Monroe County Supervisor of Elections HEALTH CARE: PUBLIC LIBRARIES: Medical Facilities Number of Beds Library Facilities 4 Lower Keys Health Systems— Library Holdings 181,092 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 326 K-19 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY 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 SUPPLEMENTAL SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE 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, 1993, and have issued our report thereon dated February 28, 1994. 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. 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. 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 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 February 28, 1994 MONROE COUNTY, FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30, 1993 Federal Federal Grantor/Pass—Through Grantor CFDA Grant Balances Program Title Number ID Number October 1, 1992 Department of Health and Human Services Passed through State Department of Health and Rehabilitative Services and Dade& Monroe Counties Alliance for Aging: Transportation I11—B 1992 13.633 KG251 $ (7,114) Transportation 111—B 1993 13.633 KG351 —— Nutrition C—I 1992 13.635 KG251 (2,240) Nutrition C-1 1993 13.635 KG351 -- Nutrition C-11 1992 13.635 KG251 217 Nutrition C—II 1993 13.635 KG351 -- USDA 1992 13.635 KG251 -- USDA 1993 13.635 US351 -- Homemakers 111—D 1992 13.641 KG251 237 Homemakers 111—D 1993 13.641 KG351 — Information& Referral III—B 1992 13.633 KG251 29 Information& Referral III—B 1993 13.633 KG351 -- Hurricane C-1 93.635 KG351B -- Hurricane C-11 93.635 KG351B -- Title IV Disaster 93.668 DR-351 -- Substance Abuse Treatment 93.003 KH383 -- Homeless Mentally 111 93.003 KH441 -- Passed through State Department of Community Affairs: Community Services Block Grant Grace Jones 93.031 92SB-69-11-54-01-074 484 Community Services Block Grant Grace Jones 93.031 93SB-1 N-11-54-01-074 -- Total Department (8,387) Department of Housing) and Urban Development Direct Program: Housing Authority — HUD Grant 14.174 R89—HG-12-0236 -- Housing Authority— HUD Grant 14.174 R90—HG-12-0236 (2,270) Total Department (2,270) Department of the Interior Direct Program: Traffic Enforcement in Natural Key Deer Refuge 15.611 1416000490912 -- Total Department -- L-2 r ~ Matching Contributions and Cash Miscellaneous Balances Receipts Expenditures_ September -- � 37.496 $ 9.670 $ 54'280 $ -- $ -- 125.769 26,452 146,552 -- (6.669) 25.866 18.545 45.307 1.144 -- - 95'551 48,085 143,496 -- 1.860 27.204 16,754 42.550 1.185 -- 92,806 35,730 180'847 -- 2'111 14.280 -- 14.280 -- -- 20,106 -- 28'106 -- -- 6,808 586 0.645 12 -- 14.430 1.419 14.955 -- /8840 - 5.062 SDQ 5.124 418 -- 12.389 1,314 13.458 -- U200A 12'104 1.346 13,458 -- -- - 5'905 GGG 6.661 -- -- 13`900 -- 12.578 -- /1.321\ 65,375 -- 70.844 -- 5.469 _ . 38'250 -- 42.411 -- 4,161 484 -- -- -- -- -` 1,498 750 3792 -- 1535 G14�23 159835 787,138 2759 7052 _____ —` -- -- 8,000 -- 8.000 -- -- 9,058 6788 —` -- -- 17,058 -- 14,788 40 -- 4 -- -- 7 U -- 40,900 -- -- | The accompanying notemonyanintegndpartofthisanhedu|o. � L-3 (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 1993 Federal Federal Grantor/Pass—Through Grantor CFDA Grant Balances Program Title Number ID Number October 1, 1992 Department of the Justice Passed through Department of Community Affairs: Anti—Drug Abuse Work Release-1992 16.579 92—CJ-63-11-54-01-029 13,043 Anti—Drug Abuse Pretrial — 1992 16.579 92—CJ-63-11-54-01-130 8,340 Anti—Drug Abuse Pretrial — 1993 16.579 93—CJ-79-11—54-01—059 -- Anti—Drug Abuse D.A.R.E. — 1992 16.579 92—CJ-63-11-54-01-028 25,215 Anti—Drug Abuse D.A.R.E. 1993 16.579 92—CJ-79-11-54-01-061 -- Anti—Drug Abuse Administration — 1993 16.579 93—CJ-79-11-54-01-062 -- Anti—Drug Abuse Drug Recovery — 1993 16.579 93—CJ-79-11-54-01-060 -- High Intensity Drug Trafficking Area(HIDTA) None 91 HJCXK034 117,941 High Intensity Drug Trafficking Area (HIDTA) None 93HJH3K039 -- Office of National Drug Control Policy None ONDCP GE-3—M21 -- Total Department 164,539 DeJaartment_of_Labo r Passed through National Council on the Aging, Inc.: Senior Community Service Project 1992 17.235 D-3795-2-00-81-55-65-12 31,367 Senior Community Service Project 1993 17.235 D-4229-3-00-81-55-12 -- Passed through South Florida Employment&Training Consortium: JTPA Intake Title IIA 1993 17.250 2A—PY'93—33—00 -- JTPA Intake Title IIA 1992 17.250 2—PY'92-47-00 10,807 JTPA Intake Title IIA 1991 17.250 2—PY'91-14-00 (3) JTPA Liasion 1992 17.250 2—PY'91-42-00 553 JTPA Liasion 1993 17.250 2—PY'92-35-00 9,432 JTPA Liasion 1994 17.250 2—PY'93-34-00 -- JTPA Title IIA 1989 17.250 2—PY'88-54-00 (114) JTPA Title IIB 1992/SYETC 17.250 92—S-16-01 16,964 JTPA Title I I B 1993 17.250 28-93-19-01 -- JTPA Title IIC 1993 17.250 2C—PY'93-24-00 -- Total Department 69,006 Department of Transportation Direct Program: Key West AIP-03 Noise Study 20.106 3-12-0037-03 2,940 Key West AIP-06 Beacon &Tower 20.106 3-12-0037-06 5,063 Key West AIP-06 Environmental Assessment 20.106 3-12-0037-06 -- Key West AIP-06 Stormwater Runoff 20.106 3-12-0037-06 -- Key West AIP-06 Federal Inspection Station 20.106 3-12-0037-06 -- L-4 _- Matching Contributions and Cash Miscellaneous Balances Receipts Revenues --Expenditures Refunds Sqpternber -~ ~_ 19`284 2'080 8^321 -- -- 8`340 -- -- -- -- 27.738 15,371 61.484 -- 18,377 25'215 �- 57.712 27.009 111'833 -- 26.012 5.437 1'994 9.968 -- 2.537 12.679 6.143 24,588 -- 5.748 -_ 522'268 -- 518.870 -- 114`543 -- -- 7.548 -- 7.548 32635 -- 32635 -- -- -- 711,306 3 775025 -- 174761 188'988 -- 155.621 -- -- 20.744 -- 58.176 -- 37,432 -` -- -- 10.504 -- 10'604 61.012 -- 82.210 -- 12.006 3 --, 558 39'503 -- 31.009 -- 838 -- -- 7.679 -- 7.670 -- -- 114 -- -- -` 18'964 -- -- -- -- 12.724 -- 23.582 -- 10.808 O,802 -- G 802 338,488 3556 3 2'940 -- -- -- __ 16,857 1.310 13.104 -- -- | 30.441 9,682 98.817 -- 56,694 2.624 201 2,815 -- -- 9.893 7'180 15.609 -- U.464 The accompanying noteoonaanintemodpartofthksoohedu|e. | L-S | (Continued) MONROE COUNTY, FLORIDA SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 1993 Federal Federal Grantor/Pass—Through Grantor CFDA Grant Balances Program Title Number ID Number October 1, 1992 Key West AIP-06 Terminal Renovations 20.106 3-12-0037-06 3,928 Key West AIP-06 Sewage Treatment Plant 20.106 3-12-0037-06 -- Key West AIP-07 Federal Insp. St. — Phase II 20.106 3-12-0037-07 85 Key West AIP Taxiway Guidance Signs 20.106 3-12-0037-0893 -- Key West AIP-06 Terminal Renovations& Expansion 20.106 3-12-0037-06 -- Marathon AIP-06 Noise Study 20.106 3-12-0044-06 191 Marathon AIP-08 Sewage Treatment Plant 20.106 3-12-0044-08 1,353 Marathon AIP-08 Aircraft Apron & Lighting 20.106 3-12-0044-08 5,496 Marathon AIP-08 Stormwater Runoff Study 20.106 3-12-0044-08 -- Marathon AIP--08 Terminal Phase 1 20.106 3-12-0044-08 28,595 Marathon AIP-08 Clear and Grubb Runway 20.106 3-12-0044-1193 -- Marathon AIP-08 Terminal Phase II 20.106 3-12-0044-08 59,812 Marathon AIP-09 Terminal Phase II 20.106 3-12-0044-09 -- Marathon AIP-09 Security Fence 20.106 3-12-0044-1193 -- Marathon Taxiway Guidance Signs 20.106 3-12-0044-1193 -- Passed through Department of Community Affairs: Traffic Studies Equipment 20.600 FTE-92-12-04-02 19,536 Total Department 126,999 Federal_Emergency Management Agency Passed through State Department of Community Affairs: Hurricane Andrew Recovery 83.516 93—EO-1 R-11-54-01-091 -- March 93 Storm 83.516 94—EO-3T-11-54-01-231 -- Radiological Emergency Preparedness 1992 83.505 92—EP-81-11-54-10-002 (20,961) Radiological Emergency Preparedness 1993 83.505 93—EP-1C-11-54-10-002 -- Total Department (20,961) Department_ofCommerce Direct Program: Economic Strategy Adjustment Plan 11.307 04-59-03950 -- Total Department -- U.S. Environmental_Protection Agency Direct Program: ADID Program 66.461 CDO04958-91-0 -- Total Department -- Total Federal Financial Assistance 328 926 L-6 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds September 30, 1993 17,688 9,006 19,578 -- (3,188) 6,191 4,869 10,586 -- (474) 112,262 99,428 216,149 -- 4,544 -- 1,915 19,151 -- 17,236 -- 23,805 95,220 - - 71,415 191 1,353 -- -- -- -- 5,496 -- -- -- -- 1,121 232 2,322 -- 969 66,884 20,343 81,372 -- 22,740 -- 949 9,495 -- 8,546 70,366 6,213 13,506 -- (3,261) 62,411 381,822 830,048 -- 385,815 - 609 6,090 -- 5,481 -- 1,845 18,451 -- 16,606 19,536 -- -- -- -- 426,254 569,499 1,450,413 -- 581,659 1,501,310 -- 1,503,268 -- 1,958 -- -- 10,415 -- 10,415 -- -_ -- 20,961 -- 114,815_ -- --- - -86,326._ --- (28,489) 1,616,125 -- 1,600,009 20,961 (16,116) -- -- 17,667 -- 17,667 -- -- 17,667 -- 17,667 -38,897 - -. 50,043 ----- -.- 11,146 _ 38,897_ - 50 043 -- 11 146 $ 1785,69.3$ ----782,831 $ 5:093 0(}0 $ ._....._ .w____.._..23,723 $ 877,125 The accompanying notes are an integral part of this schedule. L-7 K0QNROE COUNTY, FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEKO0ER3O. 1Q83 Grant Balances Florida Department of Health and Rehabilitative Services Direct Program: Community Care for Disabled Adults 18O3 KG-162 10,952 Community Care for Disabled Adults 1QA4 KG-17O -- Emergency Medical Service Trust—1Q88 LC-855 /571\ EMS County Award 1Q92 WY2357 (40.000) EMS County Award iQQ2 K42359 /14.950A EMS County Award 19Q2 K82360 t2.079\ EMS County Award 1@G2 M2356 MO.00CA EMS County Award iQD3 C9244 -- EMS County Award 1AS2 C9144 M10'9071 EMS County Award 1Q81 LP363 A96.0171 EyN8 Matching Grant 1992 K41168 (36.982) EMS Matching Grant 19Q2 yW1188 (66.838) EMS Matching Grant 18Q3 M2581 -- Pass through Dade & Monroe Counties Alliance for AginB� Alzheimer'e Disease Initiative — 1002 KG197 (1DO) A|zheimer'a Disease Initiative — 1903 KG297 3.507 A|zhoinngr's Disease Initiative — 1QQ4 KG397 -- Community Care for Elderly 1QA3 KG251E 6'270 Community Care for Elderly iA84 KG351E -- Community Care for Elderly Diversion Program 1QA3 K{S251D 630 Total Department (342,413) Florida Deoartment of Law Enforcement OinectProgronn: State Crime Lob -- — — Tota| Dnpartmont -- Florida Department of Communitv Affairs Direct Program: Emergency Management Assistance 92EK8-67-11-54-10-039 21.686 Emergency Management Assistance 93E[W-1D-11-54-10-040 — — HozordouoMederia|aEnnergenoyP|on 91EP-72-11-64-22-044 (40) Hazardous Materials Emergency Plan 98EP-1A-11-54-22-825 -- Stipulated Settlement Agreement 92—CA-58-11-54-01-652 61,750 Total Department 83205 L-8 r- r = Matching Contributions and Cash Miscellaneous Balances Receipts Revenues E Refunds $ 115.205 $ 10'594 $ 105.847 $ -- $ -- -- 3,803 35.889 -- 32'E86 -- -- 571 -- 30.264 50.264 -- C20,000\ -' -- 12.839 25.877 -- (2.112) -- 1.540 3.880 -- (539) -- 10.000 20.000 -- -- � 57.055 -- -- -- k57.055\ -- -- 110.053 -- C254\ -- -- 96.017 -- 38,274 75.256 -- -- ~- -- 68.458 135,291 -- -- 125'820 -- -- -- (125.820) -- -- -- 100 -- 17'638 -- 12.893 1'136 -- 5.753 -- 2.491 -- (3'262) 428.316 78.084 488,265 3.865 -- 89'916 61,753 188'746 -- (12.923) 21'648- _-_ ______ 15��G 310184 1,314,386 5101 (189,379) -` 47,58Q �� 47,58Q- -- -- 47.589 �� 47,580 ~� 21.585 -- -- -- -- -- -- 26.120 -- 26.120 -- -- 40 -- -- 7.077 -- 7.677 -- -- -61�,50 61,750 __�__ __ 95,587 __ The accompanying notes are an integral part of this schedule. | L-Q (Continued) | ` ` MONROE COUNTY, FLORIDA SCHEDULE OF STATE FINANCIAL ASSISTANCE — CONTINUED FOR THE YEAR ENDED SEPTEMBER 30, 1993 Grant Balances Program Title ID Number October 1, 199 Florida Dep___artrpgnt of_.Natural Resources Direct Program: FI Recreation Development Assistance Program C7155 150,000 Derelict Vessel Removal—City of Key West C8036 -- Channel Marking Plan C8200 -- Boating Impact Management Plan C7442 5,348 Land&Water Conservation Fund Program C7468 98,190 Water Quality Monitoring Plan C7620 75,000 Tavernier Creek #12 C7735 1,800 Derelict Vessel Removal 091009 C7829 1,736 Boating Improvement Program — Duck Key#2 07830 2,347 Derelict Vessel Removal Phase I C7424 60,539 Derelict Vessel Removal Shrimp Boat C8006 Reef Eyebolt Renovation C8005 Derelict Vessel Program 1993 C7986 Kemp Channel Marker#11 C8160 Derelict Vessel Removal 091132 C8169 Derelict Vessel Removal 091118 C8162 Key Colony Beach #3 C8161 Derelict Vessel Removal 091314 C8272 Derelict Vessel Removal 091246 C8270 Derelict Vessel Removal 091184 C8271 Cow Key Channel #16 C8284 Derelict Vessel Removal 091381 B93048 Derelict Vessel Removal 091389 B93050 Derelict Vessel Removal 091340 B93051 Derelict Vessel Removal 091321 B93052 Tavernier Creek #5 C8349 Cudjoe Key Channel #16 B93047 — Total Department 394,960 -lo-ri-da D'epqrtment of State Direct Program: State Aid to Libraries 93—ST-23 -- Photograph Preservation 11-10 Total Department -- Florida.-D,epajtrnQijtp4 Environmental RequlaCbqrj Direct Program: Solid Waste Recycling & Education 1992 RE92-42 61$239 Solid Waste Recycling & Education 1993 RE93-41 -- Waste Tire 1992 WT92-42 Waste Tire 1993 WT93-41 Mosquito Control/Waste Tire MT93-40 -- Total Department 61,239 L-10 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures - Refunds September 30, 1993 150,000 -- -- -- -- -- -- 53,100 -- 53,100 -- -- 20,000 -- 20,000 58,125 -- 52,777 -- -- 98,190 -- 75,000 1,860 1,736 -- 2,347 87,439 -- 26,900 -- -- 21,670 -- 21,670 -- -- 15,660 -- 15,660 -- -- -- 56,900 -- 56,900 2,870 -- 2,870 -- -- 6,500 -- 6,500 -- -- 1,400 -- 1,400 -- -- 2,767 -- 2,767 -- -- - -- 2,600 -- 2,600 -- -- 3,000 -- 3,000 -- -- 580 -- 580 -- -- 2,417 -- 2,417 -- -- 13,500 -- 13,500 -- -- 1,867 - 1,867 -- -- 4,200 -- 4,200 -- -- 1,000 -- 1,000 -- -- 1,500 -- 1,500 -- -- 2,590 -- 2,590 523,157 -- 293,798 -- _ 165,601 128,483 -- 128,483 -- -- 4,105 _ 574 -- (3,531) 132,588 -- 129,057 -- (3,531 144,400 -- 83,161 -- -- 31,203 -- 105,945 -- 74,742 25,722 - 25,722 -- -- 6,299 -- 27,259 -- 20,960 803 __- _ 7,585 -- _ 6,782 208,427 -- 249,672_ -- 102.484 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, 1993 Grant Balances Program Title ID Number October 1, 1992 Florida Department of Transpo_ration Direct Program: Long Range Transportation Plan 6596618 20,000 Travel Time Study 6596618 -- Highway Beautification 6610690 -- Hurricane Andrew Recovery 6119606 -- Key West AIP-06 Parking 6826695 312,695 Key West AIP-06 Beacon&Tower 6826694 2,507 Key West AIP-06 Environmental Assessment Plan 6826657 882 Key West AIP-06 Stormwater Runoff Study 6826668 49 Key West AIP-06 Federal Inspection Station Phase 1 6826679 (5,529) Key West AIP-07 Federal Inspection Station Phase II 6826679 36 Key West AIP-06 Terminal Renovations 6826662 (7,209) Key West AIP-06 Sewage Treatment Plant 6826642 (5,164) Key West Airport Pavement 6826771 -- Key West Taxiway Guidance Signs 6826762 -- Key West AIP Terminal Renovations& Expansion 6826630 -- Marathon—Development of Regional Impact 6826670 5,438 Marathon AIP-08 Sewage Treatment Plant 6826700 (1,685) Marathon AIP-08 Stormwater Runoff Study 6826666 -- Marathon AIP-08 Terminal Phase 1 6826631 (49,031) Marathon AIP-08 Terminal Phase II 6826747 7,330 Marathon Airport Parking Lot 6826703 5,073 Marathon T—Hangers 6826706 -- Marathon Taxiway Guidance Signs 6826762 -- Marathon AIP-08 Aircraft&Apron Lighting 6826717 330 Marathon AIP-08 Clear& Grubb Runway 6826770 -- Marathon AIP-09 Security Fence 6826754 -- Marathon AIP-09 Terminal Phase II 6826747 -- Total Department 285,722 Clean Florida Commission Direct Program: Litter Prevention 15-91-92 (23,317) Total Department (23,317) South FL Water Management District Direct Program: Wildlife Pond Aeration C91-2625 (566) Stormwater Management Ordinance C90-1414 23,626 Tatar Department 23,060 Total State Financial Assistance $ 482,546 L-12 Matching Contributions and Cash Miscellaneous Balances Receipts Revenues Expenditures Refunds September 30, 1993 22,600 29,145 47,000 -- 15,255 13,043 -- 13,043 -- -- -- 11,189 22,377 -- 11,188 -- -- 307,110 -- 307,110 338,916 45,007 90,014 -- 18,786 3,162 655 1,310 -- -- 2,573 4,841 9,682 -- 3,150 49 146 291 -- 145 2,774 3,590 7,180 -- (4,713) 47,512 49,714 99,428 -- 2,238 743 4,503 9,006 -- (3,449) 134 2,435 4,869 -- (2,864) 10,458 10,457 20,915 -- -- -- 957 1,915 -- 958 -- 11,903 23,805 -- 11,902 8,553 3,115 6,230 -- -- 154 -- -- -- (1,839) -- 116 232 -- 116 12,551 10,172 20,343 -- (51,411) -- 3,106 6,213 -- 10,437 - -- -- -- 5,073 4,164 7,814 15,628 -- 3,650 -- 923 1,845 -- 922 306 -- -- -- 24 -- 475 950 -- 475 -- 305 609 -- 304 -- 190,911 381,822 -- 190,911 _ 467,692 391,479 1,091,817 -- 518,368 -- 23,317 46,634 -- -- -- 23,317 46,634 -- -- -- -- 478 -- (88) -- _...._37,500 -- 37,500 -- 14,352 -- (8� $ _ 2,364,314 $ _ 724,900 $ 3,282.892 $ _5,101 $ 681..,325 The accompanying notes are an integral part of this schedule. L-13 MONROE COUNTY FLORIDA NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE SEPTEMBER 30 1993 NOTE 1 - 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 form 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 February 28, 1994 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-3-01, 1993 NOTE 3 - MAJOR GRANTS These programs represent Major Grants of the County for the fiscal year ended September 30, 1993 as defined by OMB Circular A-128. The percentage of federal expenditures for major grants is computed as follows: Total Expenditures $ 5,093,000 Less: Matching Portions 782.,.831 Total Federal Expenditures $ 4,310, 169 Federal Expenditures of Major Programs: Airport, CFDA 20. 106 $ 880,914 Metropolitan High Intensity Drug Trafficking Area, no CFDA 559,051 Hurricane Andrew Recovery, March 1993 Storm, CFDA 83.516 1,513 683 $ 2,953,648 Percentage of Major to Total Federal Expenditures 69% L-15 KEMP & GREEN, P.A. Certified Public Accountants 1438 KEN NEDY DRIVE P. O. BOX 1529 KEY WEST, FLORIDA M41-1529 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 THE GENERAL REQUIREMENTS 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, 1993, and have issued our report thereon dated February 28, 1994. 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, 1993: 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 distribution is,not limited A- Kemp Kemp & Green, P.A. Certified Public Accountants February 28, 1994 L-16 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY 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 COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 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, 1993, and have issued our report thereon dated February 28, 1994. 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, 1993. 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 Auditinq Standards, issued by the Comptroller General of the United States, and OMB 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 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, 1993. 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 February 28, 1994 L-17 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY 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 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, 1993, and have issued our report thereon dated February 28, 1994. 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 to 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, 1993. 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; eligibility; 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 its distribution is not limited. .4-- ,� , A--- Kemp & Green, P.A. Certified Public Accountants February 28, 1994 L-18 KEMP & GREEN, P.A. Certified Public Accountants 1438 KENNEDY DRIVE P. 0. BOX 1529 KEY WEST, FLORIDA 3.3041-1529 MEMBER OF AMERICAN INSTITUTE WM. 0, 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 THE INTERNAL CONTROL STRUCTURE USED IN 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, 1993 and have issued our report thereon dated February 28, 1994. We have also audited the County's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated February 28, 1994. 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 preform 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 material to a major federal financial assistance program. In planning and performing our audits for the year ended September 30, 1993, 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 February 28, 1994. 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 to the L-19 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 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 Administering 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 Work Place Act Administrative Requirements Specific Requirements 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, 1993, The County expended 69% of its total federal financial assistance under 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-20 financial assistance programs, which are identified in the accompanying Schedule of Federal Financial Assistance. 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 opinion. A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low 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 February 28, 1994. 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. - -, � , PA— Kemp & Green, P.A. Certified Public Accountants February 28, 1994 L-21 MONROE COUNTY FLORIDA SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED SEPTEMBER 30 1993 Questioned Program Finding/Non Compliance Costs All prior year findings and questioned costs were resolved with the exception of the following: Abort Improvement Program - Federal 1 . Grant Nos. 3-12-0037-05 No major contracts selected between the 3-12-0044-07 County and its Vendors contained provisions 3-12-0044-09 requiring compliance with the Clean Air Act, 3-12-0037-07 the Clean Water Act or Environmental Protection Agency regulations, as required for contracts over $100,000. We reviewed two contracts selected from the prior year sample and noted no amendments for the above provisions. We also selected two new contracts. L-22