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MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FISCAL YEAR ENDED SEPTEMBER 30, 1992
SANDRA CARLILE
FINANCE DIRECTOR
PREPARED BY:
THE CLERK OF CIRCUIT COURT FINANCE DEPARTMENT
COVER PHOTO BY ANDY NEWMAN MONROE COUNTY TOURIST DEVELOPMENT COUNCIL
ONROE COUNTY, FLORIDA
COUNTY OFFICIALS
WILH ELM INA HARVEY
CHAIRMAN
DOUGLAS JONES JACK LONDON
COMMISSIONER COMMISSIONER
EARL CHEAL JOHN STORMONT
COMMISSIONER COMMISSIONER
THOMAS BROWN DANNY L. KOLHAGE
COUNTY ADMINISTRATOR CLERK OF THE COURT
AND
CHIEF FINANCIAL OFFICER
MONROE COUNTY, FLORIDA
COMPREHENSIVEANNUAL FINANCIALREPORT
YEAR ENDED SEPTEMBER 30,1992
TABLE OF CONTENTS
INTRODUCTORY SECTION
PAGE
Certificate of Achievement for Excellence in Financial Reporting............................................................ A-1
Transmittal Letter of the Clerk of the Circuit Court................. ...................--....--.... ...... ......... ...... A-2
OrganizationalChan.....--........... ........ ....................-....... ............ ......... .............. A-18
FINANCIAL SECTION
Independent Auditors' Reports....... .....................- ................................ .............. B-1
COMBINED FINANCIAL STATEMENTS
GENERAL PURPOSE FINANCIAL STATEMENTS:
Combined Balance Sheet - All Fund Types and Account Groups............ .........--........... C-1
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
All Governmental Fund Types and Expendable Trust Funds............................................................. C-5
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - All Governmental Fund Types and Expendable Tnist Funds.......................... C-7
Combined Statement of Revenues, Expenses and Changes in Fund Equity --
All Proprietary Fund Types......--........--........---........-...... .............----.... ..... ........ C-11
Combined Statement of Cash Flows - All Proprietary Fund Types........... .......-...... ........ C-12
Notes to Combined Financial Statements,.......... .............. ....... ............. .........--...... ... C-14
COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES
GOVERNMENTAL FUND TYPES:
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual................ D-1
9eciai Revenue Funds
Combining Balance Sheet.............................................. ........................... ....... ....... ..................... E-1
Combining Statement of Revenues, Expenditures and Changes in Fund Balance............................. E-8
Statements and Schedules of Revenues, Expenditures and Changes in Fund Balance- Budget and Actual:
Fineand Forfeiture.......,.....--...... ...........-....... ..........--.....--..........-... .... .................... E-15
Roadand Bridge........-....---........... ........-........ ...----.......-.....-.......... ........... E-16
LawLibrary....---....... ............... ...........-....... ........... ....----........... ............ ....... ...... E-17
Tourist Development,Two Cent, District One...................... ........---................ ..........-.. E-18
Tourist Development, Two Cent, District Two..... ........ ........... ......-.... ......- E-19
Tourist Development,Two Cent, District Three...-......................... ........ ................................... ...... E®
Tourist Development,Two Cent, District Four............... .......... ....... ............----...... E-21
Tourist Development,Two Cent, District Five.... ............... ..................-........ E-22
Tourist Development,Two Cent,Administrative and Promotion... ...... ...... .... E-23
Tourist Development,Three Cent, District One......-...... ...........-....... ........... ........... ............ E-24
Tourist Development,Three Cent, District Two..................................--..... ... ...... E-25
Tourist Development,Three Cent, District Three.... ....... ......................-- .....o.>.,® ........... E-26
(Continued)
MONROE COUNTY, FLORIDA
COMPREHENSIVEANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1992
TABLE OF CONTENTS — CONTINUED
PAGE
Tourist Development, Three Cent, District Four—...........---................... .............. ...............— E-27
Tourist Development,Three Cent, District Five.,....--............ ...... ...-...................—... ............... E-28
Fire and Ambulance, District#1, Lower and Middle Keys..............—.............. .............--.....—....— —
Fire and Ambulance, District#5,Tavernier....... ........................ .............. ...................................... E-30
Fire and Ambulance, District#6, Key Largo....................... ..................... .............. ......................... E-31
Translator System Service District............ .............. ....... ............. ............... ............. E-32
Special Road District — Venetian Drive.......... ............. ................. ......... ...... ............... ................... E-34
Unincorporated Area Service District — Planning, Building and Zoning.......... ........................ ........ E-35
Unincorporated Area Service District — Parks and Recreation............................. ........ ..............I... E-37
ImpactFees — Roadways............ ...... ............................................................. .......................... ...... E-38
Impact Fees — Parks and Recreation..................—.—.... .......... ............. ..................... ...... ... E-39
ImpactFees — Libraries..........................--.............................. ............. ........--............ ....... E-40
ImpactFees — Solid Waste................ .......... ........... ....... ........ ............-..... .................... ...... E-41
Impact Fees — Police Facilities............--..... .................................... ....... .............. ............. E-42
Upper Keys Health are Special Taxing District.,...--..................—.—....................--.....--............. E-43
Comprehensive Plan Land Authority..................--.......... .............. ...... .......................... ............ E-44
Debt Service Funds
CombiningBalance Sheet................... .......... ............ ..........-....................................... .......... F-1
Combining Statement of Revenues, Expenditures and Changes in Fund Balances.. ........ .......... F-2
Combining Statement of Revenues, Expenditures and Changes in Fund Balances —
Budgetand Actual............................................................. .......... ........................... ......... ............ ... F-3
Capital Pro
�ject Funds
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:
Ent-eri Funds
CombiningBalance Sheet................. .......... ......... ......................................--....... .......... ..................... H-1
Combining Statement of Revenues, Expenses and Changes in Fund Equity..................--- ............ H-3
Combining Statement of Cash Flows........................ .................................. .............................. H-4
Schedule of Expenditures ® Budget and Actual:
Municipal Service District Waste................. .................... ................ ....... ......—................ H-6
CardSound Bridge............................. ......—...............-............................--........................... ......... H-7
Refunding Improvement Revenue Bonds — Series 1991 — Description...... ......... ............... ............... H-8
Refunding Improvement Revenue Bonds — Series 1991 — Debt Requirements to Maturity.................. H-9
Internal Service Funds
CombiningBalance Sheet, ...........—......... .........--........................................ ........... ........................- H-10
Combining Statement of Revenues, Expenses and Changes in Fund Equity... .........----............ ... H-11
Combining Statement of as Flows...... ........—... ...... .................................... ............. ........... .... H-12
Schedule of Expenditures — Budget and Actual
Worker's Compensation Fund ............ ...... ............................. ........................ ....... ............ H-14
GroupInsurance Fund....... .....................---............-.—........... ...............................---............ H-15
RiskManagement Fund...—.—....... .......... ........ .................—.......................... ............... H-16
RAGE
FIDUCIARY FUNDS AND ACCOUNT GROUPS:
Iru and Ac-iency Funds
,gt
CombiningBalance Sheet........................................>...,..............<..........,.,..........<.................................... 1-1
Combining Statement of Revenues, Expenditures and Changes in Fund Balances —
Expendable Trust Funds........ .......___...... ........__...__.................... ............... 1-3
Combining Statement of Changes in Assets and Liabilities ®- All Agency Funds.... ...... 1-5
Statements of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual:
Law Enforcement Trust...___...... ..... .............. .......... .......____......—.................... 1-7
DrugAbuse Trust..........._............ ........ .................... ...... ....... ....... 1-8
General Fixed Assets Account Group
Schedule of General Fixed Assets by Source...... ......... ....... ...... .......................... ............ J-1
Schedule of General Fixed Assets by Function and .......____........ .............__......... J-2
Schedule of Changes in General Fixed Assets by Function and Activity....... ...... .......................... J-4
Lonq—Term Debt Account Grou
Schedule of Changes in General Long—Term Debt.................._ ...... ................ ...... ...... ..................... J-6
Refunding Improvement Revenue Bonds — Series 1983 — Description....____ .......... .......—........... J-7
Refunding Improvement Revenue Bonds — Series 1983 — Debt Requirements to Maturity.................. J-8
Improvement Revenue Bonds — Series 1988 A — Description............................................................... J9
Improvement Revenue Bonds — Series 1988 A — Debt Requirements to Maturity...__ ...................... J-10
Improvement Revenue Bonds — Series 1988 B — Description............................................................... J-11
Improvement Revenue Bonds — Series 1988 B — Debt Requirements to Maturity................................ J-12
Sales Tax Bond Anticipation Notes, Series 1990 — Description..... ................ .............. ............. J-13
Sales Tax Bond Anticipation Notes, Series 1990 -® Debt Requirements to Maturity......__........ ........... J-14
Sales Tax Revenue Bonds,Series 1991 — Description.....__—..... .... ...... ................. ...................... J-15
Sales Tax Revenue Bonds,Series 1991 — Debt Requirements to Maturity.... .......... ...... J-16
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 ........... ..............._.......— K-®6
Property Value, Construction and Bank Deposits......................................... ....................................... K-7
Property Tax Rates — Direct and Overlapping Governments.......... ......— ... ...................................... K-8
PrincipalTaxpayers.............. ..........—............ ................ ........................................................ .......... K9
Debt Related Statistical Data
Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita..................... K10
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 of Insurance Companies....__................... ............ .......... ........ ..... .......... ............. K-14
Schedule of Insurance Agencies........... ....... ........ ................ .......... ................. ......— K—15
Salaries and Surety Bonds of Principal ............................... K—16
Demographic Statistical Data............. ..........__....... ...... ........ ........ ..........—......... ....... K-17
Miscellaneous Stativcticai ......... ................. ...... K—18
(Continued)
MONROE COUNTY, FLORIDA
COMPREHENSIVEANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1992
TABLE OF CONTENTS — CONTINUED
PAGE
SINGLE AUDIT/GRANTS COMPLIANCE SCHEDULES
Independent Auditors' Report on Supplemental Schedules of Federal and State Financial
Assistance..... ............ ........ ................-................. ......-...—..—.............. ................ ..........
Schedule of Federal Financial Assistance.................-.—..........----...... ...............--.......... ........... L-2
Schedule of State Financial Assistance.... ....—......---.... ............................. ........-................ L-10
Notes to Schedules of Federal and State Financial Assistance.............................................................. L—18
Independent Auditors' Report on Compliance with the General Requirements Applicable
to Federal Financial Assistance Programs......... ............ ............................... ........ ..... L-20
Independent Auditors' Report on Compliance with Specific Requirements Applicable
to or Federal Financial Assistance Programs........ ............-.-.............. ........ L-21
Independent Auditors' Report on Compliance with Specific Requirements Applicable
to Non Major Federal Financial Assistance Programs...... ...... ............... ......... .......... L-23
Independent Auditors' Report on the Internal Control Structure Used in Administering
Federal Financial Assistance Programs......... ............ ...... .......................... ................. L-24
Schedule of Findings and Questioned Costs......... ....--.................. ................................................... L-27
k-..ertif icate of
Achievement
for Excellence
in Financiai
Reporting
Presented to
Monroe County,
Florida
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1991
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports(CAFRs)achieve the highest
standards in government accounting
and financial reporting.
WED STATERS
M0
IAIM'
CWO
ORPORATIM101 President
S K�AAL
X cutive Director
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THIS PAGE INTENTIONALLY LEFT BLANK
COUNT
i9annp X. Ralbage
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) 852-7145
TEL. (305) 292-3550
March 29, 1993
Chairman, Board of County Commissioners
Monroe County, Florida
Dear Chairman-
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, 1992. is 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. Tbe American Institute of Certified Public Accountants and its Committee on
Governmental Accounting and Auditing
3. The State Auditor, State of Florida
4. The Goverm-nent Finance Officers Association of the United
States and Canada
Responsibility for both the accuracy of the presented data and the completeness and fairness
of the presentation, including all disclosure, rests with the Clerk of the Circuit Court as
Chief Financial Officer of Monroe County. We believe the data as presented is accurate
in all material aspects; that it is presented in a manner designed to fairly set forth the
financial position and results of operations of the County as measured byte 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 main sections: introductory,
financial, statistical and single audit. The introductory section consists of the prior year's
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Certificate of 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 tothis single
audit, including the schedule of federal financial assistance,findings, recommendations, and
the independent accountant's reports on the internal control structure and compliance with
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 REPORnNig ENDTY
Monroe County is a non-charter county established under the Constitution and the laws of
the State of Florida. Legislative control is vested with a five-member Board of County
Commissioners, each of whom is elected 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. Th'e operation of other specific government functions resides with five
of
constitutional ocers. 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 forts 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 is 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.
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LOCAL ECONOMIC EYMEM
Monroe County was constitutionally formed in 1823. It is comprised of subtropical islands
connected to the mainland by a series of 42 bridges. The county seat, Key West, is
approximately 150 miles southwest of Miami. Cuba lies 90 miles tothe south of Key West.
The national recession has reduced the flow of money into local government funds while
increasing demands for some services. State law requires local government to share in the
growth management and criminal justice expenses. There has been a shift in funding from
State general revenues to County general revenues, and the current sluggish economic
recovery will likely mean additional reductions in State revenue sources despite a growing
need for services.
Monroe County continues to feel the pressures of the national economic slump; however,
tourism continued strong with an increase of $412,750 over the prior year from $6,024,011
to $6,436,761. This 6.85% rise in tourist tax revenues over the prior year reflects an increase
of$13,758,333 of revenues in those service areas on which are levied the 3.00% tourist tax-,
i.e., rents and leases which are contracted for six months or less, or living accommodations
in hotels, motels, apartment houses, rooming houses, and the like. Tourism remains the
mainstay of the economy of Monroe County.
Troubling economic indicators include decreased bank deposits for the second straight year
to $888,072,000. Bank deposits for 1991 and 1990 were $918,016,045 and $928,728,000
respectively® The value of new construction amounts were down as well for the second
straight year to $120,323,709. T'he value of new construction amounts for 1991. and 1990
were $122, 937,849 and $156,637,545 respectively. In addition, the unemployment rate for
Monroe County skyrocketed from September 30, 1991 of 4.8% to September 30, 1992 of
8.5%. This is the first time in over ten years that the County has surpassed the State
unemployment average of 7.3%. The unemployment rate was adversely affected in August
and September 1992 due to the stressful time Monroe County and mainland South Florida
encountered after Hurricane Andrew. By November 1992, the unemployment rate has
leveled off and remains below the state unemployment rate.
New residents continue to settle in the Keys. The increase in population growth for 1992
was 1.8%,bringing the total population to 80,968. This population growth has concentrated
in the Middle and Upper Keys section of the county.
1N1 !A-TTVE 1 ---S
FQR.THE YEAR: Construction of the new $28,828,797 Monroe County Detention Facility
on Stock Island is on budget although approximately six weeks behind schedule due to
problems with the precast concrete sections delivery and delays incurred as a result of
Hurricane Andrew. The facility is expected to be fully operational by September 1, 1993.
A-4
Construction of the new $1,400,000 Clerk of the Court's Records Storage Facility is basically
on schedule and on budget with an expected completion date of June 18, 1993.
The County also completed construction of the new ninety space vehicle parking facility
serving the Key West County Government Seat using County Public Work crews at a cost
of $58,031. Other completed projects included a $774,000 upgrade and paving of the Key
West International Airport parking lot and converting it to a "pay for use" facility and the
$570,000 renovation of the Plantation Key Courthouse. All of these projects are being
funded from the Infrastructure Sales Tax Revenues.
Additionally, construction of the 20,000 square feet, $3,250,000 Monroe County Marathon
Government Regional Service Center to house the central offices of the County's Growth
Management Division (Building and Planning) and Emergency Operations Center was
initiated utilizing proceeds from the State Revenue Sharing 1988 Revenue on Issue and
a $1,000,000 State grant. Expected completion date for this facility is May, 1993.
The County also expended $800,000 of Infrastructure Sales Tax revenues to acquire an 11.53
acre parcel of property on Stock Island for use as a County active recreation park which is
presently in the design stage.
With regard to solid waste, Waste Management, Inc. under their five year multi-nffllion
dollar contract continues to receive and compact the County's municipal solid waste for
subsequent transport to their private landfill in Broward County, Florida. Since January 1,
1992, yard trash has been separately collected and is Management has initiated a
program to mulch all collected yard waste and make the product available for landscaping
use free of charge to County residents.
In addition, the County continues to provide a curb side, source separation recycling
program for the Marathon area, and increased the number of recycled material drop-off
sites for the volunteer disposal of recyclable materials from 13 to 21, spaced throughout the
Keys.
EQBjIIE FUTUF E: In June, 1992 the County adopted an eight year capital improvement
plan to be funded from Infrastructure Sales Tax revenues. Some of the planned projects
included a $9,830,000 renovation of Truman School and Jackson Square Complex buildings
to accommodate County and State offices, a new $2,000,000 Sheriffs Substation in
Plantation Key, a new $2,300,000 Sheriffs Station on Stock Island, several new Fire Stations
and yet to be identified new recreation facilities.
Monroe County also intends to issue a $4,585,000 Card Sound Road and bridge,
Improvement Revenue on supplemented with $5,000,000 of Impact Fees in early 1993 to
elevate and improve portions of this roadway which now flood under certain wind and tidal
conditions.
A-5
The County is in the process of evaluating proposals for development of a non-bum
methodology for processing and disposal of municipal solid waste to replace the present
"haul out" system. Analysis is also ongoing regarding the Countys options for disposal of
septage and sludge generated from the operation of private residential. septic systems and
package to water treatment plants.
DEPAR
SERVICE
Monroe County and the University of Florida Cooperative Extension Service have shared
a productive county/state/federal partnership for twenty years. The primary mission is "to
disseminate and encourage the application of research-generated knowledge and leadership
techniques to individuals, families, and communities."
The three pillars of the Service are education,research, and community assistance as related
to horticulture, home economics, 4-H you development, and marine resources,
The Florida Cooperative Extension Service is managed by the Institute of Food and
Agricultural Sciences(IFAS) of the University of Florida and includes the Florida Sea Grant
Program. Partial funding from the United States Departments of Agriculture and
Commerce is provided for establishing the statewide organization. The state legislature
provides funds for instructional material, faculty specialists, and in-service training. Every
county in the state participates in the Extension Service System by providing local
operational support and partial salary support for the Extension Agents.
The Cooperative Extension Service's principal purpose, as part of the Community Services
Division, is to serve the County through informal educational activities focused on improving
business productivity and raising our overall quality of life. The department is tasked with
identifying community needs that can be met through education or research. The activities
are directed by advisory committees comprised of community representatives that ensures
the needs of the County are being met.
This office serves as the educational liaison between the State University System and the
citizens of Monroe County. Through education,the department helps people to identify and
understand their needs and problems and to use the latest technology and information to
solve the The success and community support arises from our emphasis on providing
objective factual information to assist citizens in their decision making.
Sea Grant Marine Activities: The mission of the Sea Grant Extension Program is to
develop educational programs addressing the critical needs of the County with respect to
aquaculture, boating and seafood safety, coastal and fisheries management, environmental
protection, and hurricane preparedness.
This past year the Sea Grant Extension Program has been active in coordinating marine
debris cleanup between various agencies and community organizations, promoting
A-6
commercial fishing vessel safety, assisting in the development of a turtle/finflish bycatch
excluder beam-trawl for the shrimp fishery, and providing information on various fisheries
management issues. Monroe County is represented on the Gulf of Mexico Fishery
Management Council, Scientific and Statistical Committee by the recent appointment of the
marine extension agent.
Other past activities include artificial reef development, commercial fishing village zoning
guidelines, spiny lobster and reef fish research, an inventory of marine resources in the
County, review of Boot Key Harbor liveaboard issues, establishment of trap storage sites,
and participation in hurricane preparation.
The marine agent also serves as County liaison tote Marine and Port Advisory Committee
which was established by the Board of County Commissioners in 1991 to provide advice on
marine related issues® This Committee review proposals for the expenditure of grant funds,
requests for boating restricted are throughout the County, and advises on various other
marine related issues.
Program efforts in the ensuing year will focus on commercial fishing productivity,vessel and
seafood safety, recreational boating, and environmental education.
Hort Lcultu ig�Pro rqjm ActivLties: The mission of the Horticulture Extension Program is to
develop educational programs addressing critical needs of the County with respect to
gardening, landscape management, plant disease and insect problem diagnosis, soil nutrient
analysis, and water testing for salt content, by working with homeowners, businesses
(nurseries, landscapers, hotel/motel complexes), local agencies, and youth groups.
During the last four years this program has addressed pertinent local issues in composting
and utilization of landscape wastes and xeriscaping. Both of these issues are critical given
Monroe CounWs lack of landfill space and its dependency on Dade County well fields for
freshwater.
A Master Gardening Program has been established which trains about fifteen local citizens
a year on various horticultural topics. These students then return fifty hours of volunteer
assistance to the Extension Service helping toexpand our horticultural program efforts
throughout the County.
In the upcoming year the Horticulture program will continue to focus on"utilizing landscape
wastes", especially for commercial enterprises. Commercial landscape seminars are also
planned to train landscaping personnel in Envirom-nental Landscape Management. This
program incorporates the principles of Xeriscape along with Integrated Pest Management.
In addition, another Master Gardener Training Program is being planned for the summ r
of 1993. Typical daily activities include: 1) local lectures to various garden clubs,
homeowner associations and civic groups, 2) Highway Beautification Project on Cudjoe Key
Phase 1, and 3) development of articles forte news media as well as program for local
cable TV.
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Boating Improvement and DereligA, Vessel Henigy.gl Agivities: The Monroe County
Extension Service is actively involved in two Florida Department of Natural Resources
(FDNR) grant programs, the Derelict Vessel Program and the Boating Improvement Fund.
Both are 100% grant funded by the State and are managed by the Marine Projects,
Coordinator of the Extension Service for the County.
Since 1989 we have removed 104 derelict vessels and expect to remove another 30-50
derelict vessels in the 1992-93 fiscal year. Annual awards from this program vary depending
on legislative funding and statewide needs. The removal of derelict vessels from the Florida
Keys waters is top priority due to the environmental and navigational danger's they present.
The Boating Improvement Fund can be used for many boating related projects,such as,boat
ramps, channel markers, mooring buoys, educational material, and even the removal of
derelict vessels. We are currently using these funds, under the guidance of the Marine and
Port Advisory Committee to support cooperative projects with the City of Key West, FDNR
Lignum Vitae Aquatic Preserve, Reef Relief, and the Florida Keys National Marine
Sanctuary.
INTERNAL COMOL STRUMRE
The internal control structure is designed to ensure that the assets of the, County are
protected from loss, theft or misuse and toensure that adequate accounting data are
compiled to allow for the preparation of financial statements in conformity with generally
accepted accounting principles. The internal control structure is designed to provide
reasonable, but not absolute, assurance that these objectives are met for both internal and
external reporting purposes. Refining internal controls is an ongoing process which is
necessary to provide such assurances.
The Clerk of the Circuit Court maintains an Internal Audit Department. This Department
performs financial and compliance audits for the Clerk of the Circuit Court and the Board
of County Commissioners. The main functions of the Internal Audit Division are to
evaluate the internal accounting controls, ensure compliance with existing laws and
regulations within the 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, 1992 showed no instances of material weaknesses in internal control and no
significant violations of applicable laws and regulations.
A-8
GENERAL GOVERNMEN
MONROE ,' 11 D
GENERAL FUND UNRESERVED FUND BALANCE
DOLLARSlui, WlHoris
Mnf
14
I
1
4
0
1 92
Fiscal "'Year
Ile above graph reflects the General Fund balance for the past ten fiscal years. Ile
unreserved fund balance of the General.Fund at September 30, 1992 was 9.5million dollars,
representing decrease from the prior year of approximately 1.3 million dollarsm The
decrease in year's fund balance has slowed from the decrease in prior year's fund
balance. This downward trend is considered to reflect difficult economic times.
Total general government revenues collected by Monroe County during the past year
amounted 90.1 million. This mount includes revenues of the General, Special
Revenue, Debt Service, Capital. Project, and Fiduciary Fund. Types but does not include
collections from Proprietary Funds. Taxes ®7 million comprised the largest general
goverrunent revenue source. The second largest revenue category is intergovernmental
ental.
revenues which includes a variety of statefederal shared grams-in-aid and amounts to
$16.9 million. Interest income comprises the third largest revenue source which amounts
to $5.0 million. The remaining general government revenues are composed posed `llio:n
r charges for services and $2.2 million for fines and forfeitures. Licenses and permits,
assessments and miscellaneous revenues amount to $4.4 million.
The following aph illustrates a ten-year history of Monroe 'ou.nty's general government
revenues:
MONROE COUNTY, FLORIDA
Gi'.:_`NERAL GOVERNMENT' REVENUES
DOLLARS (in Millions)
.. .,, .,................... ,.....u
1
80 ,
Fines
60 III misc
40 Into "l'
20
III Axes
wf
87 88 89 90 91 92
Fiscal Year
The schedule on the following a presents a summary of general., Special.Revenue, Debt
Service, Capital.Projects, and Fiduciary Fund revenues for the fiscal years ended September
1991, and the amount and percentages of increases and decreases in relation.
to prior year revenues (dollars in thousands):
The Intergovernmental revenues increase is primarily due to increased airport grant funding
renovations at the Key West International Marathon Airports. Licenses and permits
declined as a result of a decrease in the number of buildin.g perm.its issued.
:Revenues collected by all fund types,including Governmental Funds previously listed as well
as Proprietary Funds amounted to $113,118,414 which represents an increase of
approximately $5.96 million over the previous fiscal year. The largest source of revenue this
year in Proprietary Fund Types was charges es r services amounting to approximately
$17.0 million.
Percent of Percentage Percentage
Increase of Total of Total
Revenue Source 1992 1991 (Decrease) 1
Taxes $56, $541438 04.23 62.97 63.71
Licenses & Permits 2,285 2,7 ®16.1.2 2.54 3.1
Intergovernmental 16,97 14,564 16.23 18.78 17.04
Charges for Services 4,757 4,373 08.78 5.28 .1
Fines & Forfeitures 2,215 2,099 05.67
Interest 5,052 41946 02.14
Miscellaneous 2,130 2,301 ® .
TOTAL.. $90,111 1 $85,445 05.46 1.00.00 100.00
The following schedule presents a summary of General, Special Revenue, Debt Service,
Capital Projects Fiduciary Fund expenditures for the fiscal years ended September 30,
1992 and 1.991., 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 1992 1991 (Decrease)
General Government $20,957 $20,041 04.57 22.34 25.66
Public Safety 31,649 29,321 07.94 33.7437.54
Physical Environment 668 531 25.50 0.71 0.68
Transportation 5,924 6,075 -02.53
Economic 7,852 6,907 13.68 8.37 8.84
Environment
Human Services 5,309 5,186 02.37
Culture/Recreation 2,971 2,887 02.91 3.17 3.70
Debt Service 4,658 1,271 266.48 4.97 1.63
Capital Outlay 13,503 5,877 134.86 1.4.92 7.53
TOTAl. $93,791 $78,099 20.09 100.22J 100.00
The increase in service and capital outlay is due to an issuance of a $42,215,000
revenue bond primarily for the construction of Monroe Counws Detention. Facility.
Physical environment increased as a result of increased activity in Planning Department.
-11
In addition, economic environment increased as a direct relationship to the Tourist
Development Council expenditures.
Expenditures for all fund types, including the Governmental.Funds previously listed as well
as the Proprietary Funds amounted to $114,524,812 which represents an increase of $15.8
million 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 1992
di
2%
49% —
TAXES
FINE'S & FORKITURES
IPITEAEST
aan
CHARGES FOR SERVICES
............- 2% misrAELLANEOUS
WNTE HOOVER NUENTAL
MENSIES & PERMTS
-
V
2% -- 1
7%
MONROE WUNTY, FLORIDA
TOTAL EXPENDITURES FOR 1992
18%
NGENERAL GOWFINIAENT
HUMAN SERMCES
121% flIANSPORTATKA4
CAKFAL.OUTLAY
ECONOMIC ENVIRONMEN r
12% PUBLIC SAFETY
cuurURE&RECREAMN
ill a
DEBT SEWM",
7% 2% WTERNAL SE-AW(M..
ENTERPRISE
PHYSICAL EWRONMEW
A-12
ENTERPRISE ELNDS.
Enterprise Funds are established to finance and account for the acquisition, operation and
maintenance of facilities and services which are intended to be entirely or predominantly
self-supporting 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. Ile County maintains two enterprise
funds as -follows:
MUNICIPAL SERYLCM DISTRICT. WASTE - This fund accounts for the sanitary waste
disposal. activities of the County. Operational revenues and expenses during the fiscal year
increased 12.01% and 3.48% respectively'.
CARD SOUND BRIDGE - This fund accounts for the operations of the County's toll
bridge. Operating revenues generated during the fiscal year amounted to $840,584. Net
income totaled $388,724.
The County maintains five agency and five expendable trust funds. Trust and Agency Funds
are established to account for assets held by the County in a trustee capacity or as an agent
for individuals, private organizations, other government units, or other fu nds. The total
assets for all the Trust and Agency Funds was $5,366,036 as of September 30, 1,992. The
three largest agency funds were Property Tax, Clerk General Agency, and the Deferred
Compensation Plan.
9ENERAL FIXED ASSETS
Ile general fixed assets oft 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, 1992, the general fixed assets of the County amounted to $85,663,719.
This amount represents the original cost of the assets and bears no relationship to their
present value. Depreciation of general, fixed assets is not recognized in the County's
accounting system, in accordance with Governmental Accounting Practices.
PEDIADMINIS '17®.
During the fiscal year, the County issued a $42,415,000 Sales Tax Revenue Bond for the
purposes of 1) financing the cost of the design and construction of certain additional
criminal justice facilities, improvements to criminal justice facilities and construction
management (including retirement of the outstanding $12,500,000 1990 Sales Tax Bond
Anticipation Notes, 2) funding the Reserve Account in an amount equal to the reserve
account requirement; and 3) paying certain costs associated with the issuance and delivery
of the Bonds.
A-13
The County's financial management team has consistently demonstrated its ability to
responsibly manage the fiscal affairs of the government. The nationally recognized ratings
on County bonds have reflected high investment grade ratings of Aaa and AAA from
Moody's Investors Service and Standard & Poor's Corporation, respectively,.,
CA5 i-MANAQEMENT
The Finance Department monitors the cash needs of the County on a weekly basis. All
operating funds in excess of weekly cash flow needs are deposited with the Local
Government Surplus Funds Trust Fund under the management of the Florida,Department
State Board of Administration. During the fiscal year, the Uyunty's interest earn.ings,
amounted to $5,858,224.
For comparative purposes the average yields on a 3-month treasury bill and a 6-month
treasury bill were, respectively,, 3.84% and 3.92%. The average yield for investments with
the State Board of Administration was 4.75%. The following is a graphic representation,
for comparison purposes only, of these various yields.
PORTFOLIO PERFORMANCE
Fiscal Year 1991-92
Average YWId
.......-—-
4.75
3.84 3 92
3
2
0 .......................
3 W)T-BILLS 6 W.)T-131IJ S STME BOARD
A-14
The County's assets are protected through the risk management program developed and
managed by the Risk Management Section of the Human Resources Department to
administer insurance activities relating to fleet auto lialibility, 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 Fund. 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.
RUQQEIARY-CCU XM-QL
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 conunitments. Encunibrances at year end do not
constitute expenditures or liabilities. They are accounted for as a reservation of fimd
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 hidependent certified public accountant's
financial audit of counties ® the State. This requirement has been met for the fiscal year
A-15
ending on September 30, 1992 and the opinion of the auditors has been included in this
report.
In addition to meeting the requirements set forth in State Statutes, the audit also was
designed to meet the requirements of the Federal Single Audit Act of 1984 and related
OMB Circular A-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,
CERTIEFE'"AAM Q)F ACMEVEMENT
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, 1991® 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 four 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 is a product of the dedication of the Finance Department of the Clerk ofthe
Circuit Court of Monroe County as Auditor and Chief Financial Officer to the Board of
County Commissioners.
The timely preparation of this report could not have been accomplished without the efficient
and dedicated services of Pamela Womack Lisa Albury, and the entire staff of the Finance
Department. We also wish to express our appreciation to Tom Brown, County
Administrator, the Cooperative Extension Service, the Tourist Development Council, and
Mon-roe County's Constitutional Officers for their contributions.
Sincere appreciation is also expressed to Kemp & Green, P.A.'s for their assistance,and the
Board of County Commissioners for their interest and support throughout the year in
matters pertaining to the financial operations of this County.
A-16
We believe that this report clearly indicates the strong fmancial health of Monroe County,
and we wish to take this opportunity to thank you and the citizens of Monroe County for
the vital role you have historically played in enabling the County to achieve and maintain
this high degree of fiscal responsibility.
Sincerely,
y 1hage
Clerk of Circuit Court
and Chief Financial Officer
slt�
Sandra Carlile
Finance Director
A-17
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A-18
THIS PAGE INTENTIONALLY LEFT BLANK
KEMP & GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 33041-1529 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
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, 1992 and for the year then
ended, listed in the foregoing table of contents. These general purpose
financial statements are the responsibility of the County's management. Our
responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards,
Government AugdJitiqg 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.
In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the County
as of September 30, 1992, 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 County. Such additional
information has been subjected to the auditing procedures applied in the audit
of the general purpose financial statements and, in our opinion, is fairly stated
in all material respects when considered in relation to the general purpose
financial statements taken as a whole.
Kemp & Green, P.A.
Certified Public Accountants
February 26, 1993
B-1
KEMP & GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 33041-1529 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 BASED QN AN AUDIT
OF THE FINANCIAL-EMATEM.MNIa
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, 1992, and have issued our
report thereon dated February 26, 1993.
We conducted our audit in accordance with generally accepted auditing standards,
Government AuditingStandards, 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, 1992, 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 safeguar*ded 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:
- Treasury/Financing
- 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 condition in which the design or
operation 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 26, 1993.
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®
PA-
Kemp & Green, P.A.
Certified Public Accountants
February 26, 1993
B-3
GREEN, P.A.
Certified Public Accountants
1438 ENN Y DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 41-1 24 MEMBER OF AMERICAN INSTITUTE
WM. 0. KEMP, C.P.A. (305) 294-2551 AND FLORIDA INSTITUTE
MARVA E. GREEN, C.P.A. FAX (305) 29 -477B CERTIFIED PUBLIC ACCOUNTANTS
I DEPENDE T AUDITORS' REPORT ON COMPLIANCE BASED ON THE AUDIT OE THE GENERAL
PURPOSE FINARCIAL STATEMENTS
Board of County Commissioners
Monroe County, Florida
e have audited the general purpose financial statements of Monroe County,
Florida ("The County") as of and for the year ended September 30, 1992, and have
issued our report thereon dated February 2 , 1993.
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-1 ,
"Audits of State and Local Governments." Those standards and OMB CircularA-128
require that we plan and perform the audit to obtain reasonable assurance about
Nether 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 Cot 's management. As part of obtaining reasonable
assurance about whether the general purpose financial statements are free o
material misstatement, we performed tests of the Couny's compliance with certain
provisions of laws, regulations, contracts, and grants. However, our objective
as not to provide an opinion on overall compliance with such provisions.
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.
e noted certain immaterial instances of noncompliance that we have reported to
the management of the County in a separate letter dated February 2 , 1993.
This report is intended for the information of the Board of County Commissioners,
management and others within the County, and officials of applicable federal an
state agencies. This restriction is not intended to limit the distribution of
this report, which is a matter of public record.
4- 4
PA-
KempGreen,
A Certified Public Accountants
February , 1993
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 feed. The General Fund has a
greater number and variety of revenue sources than y other fund and its resources finance a wider
range of activitiesa The resources of the General Fund are ordinarily largely expended and replenished
on an annual basis.
SPECIAL REVENUE FUND
e Special Revenue Funds are used to account for the proceeds of specific revenue sources that are
restricted by lave or administrative action for specific purposes.
SERVICEDEBT FUNDS
The Debt Service Funds are used to account for the payment of principal,interest and expenditures
long—term debt other than debt payable from the operations of Enterprise Funds.
CAPITAL PROJECTS FUNDS
The Capital Projects Funds are used to account for financial resources segregated for the acquisition or
constuctn 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 operated in a manner
similar to private business enterprises where the intent is that the costs(expenses, including pr iati )
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, or net income is
appropriate for capital maintenance, public policy, management control, accountability or other purposes,
INTERNAL SERVICE FUNDS
The Internal Service Funds are used to account for the financing of goods or services provided by one
department or agency to other departments or agencies of the County, or to other governments, on a
cost--reirribursement basis.
FIDUCIARY Y FUND
The Trust and Agency 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
e 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 DE `fi
e General Long--Term Debt Account Group is used to account for the ounty's liability for special
revenue bonds and other general long—term obligations, which are not obligations of the Enterprise Funds.
MONROE COUNTY, FLORIDA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1992
GOVERNMENTAL FUND TYPES
Special Debt Capital
General Revenue Service Projects
ASSETS AND OTHER DEBIT
Assets:
Cash and Investments 10,499,592 41,888,431 $ 34,966,289
Cash with Fiscal Agent —— —— 4,415
AccountsReceivable:
Delinquent Waste Collection FeesAllowance for Uncollectible
Waste Collection Fees
Other 175,715 1,205,794 _— 1,723
Allowance for Other Uncolctible -- (1,0 ,589) -- —_
Mortgage Note Receivable 2,168,277
Allowance for Mortgage Receivable ®- (186,115)
Due from Other Funds 2,151,166 90,733 57,192 14,163
Due from Other Governmental Units 3,190,222 1,741,158 ®- 1,63Z87
Inventory of Land for Resale —_ 7,315,236
RestrictedAssets:
Cash - _ __ 4,846
Investments at Cost or
Amortized Cost -- -- 8,420,988 ®—
Interest Receivable -- -- 50,095 218,843
Property, (Net, Where Applicable
of Accumulated ereciation)
Deferred Charges (Net)
Other Debits:
Amount Available for Debt Service —— —— —— ——
Amount to be Provided for Retirement
of General Eon —Terra Debt
Total Assets and Other Debits 1 ,016,65 _53,197,95 $ 37, ,8 3.888
C-1
FIDUCIARY
PROPRIETARY FUND U S ACCOUNT GROUPS S ` L
General General
Internal Trust Fixed Long—Term error
Enterprise Service qp is Debt_ my
9,669,066 4,155,291 5,322,930 106, 1,621
,015 —_ _a _— _ — 12,430
1, 9,590 _ - _— __ __ 1,369,590
(1,090,061) -- —d— __ —_ (1,090,061)
366,802 121,761 33,617 —_ —_ 1,90 ,41
(58,470) —— —— —— —— (1,084,059)
2,168,277
_— —_. _ _ __ -- (166,115)
16 71 ,910 -- 3,026,182
73,582 62,628 9,489 -- 6,709,949
',70 , 49
Y-- -- -_ __ -_ ,315,2
2,354,807 -- -- ®— -- 2,359,653
,573,272 -- __ __ _— 11,9 ,26
-- -- _— _— __ 268,938
10,296,554 43,028 85,663,719 96,005,301
319,365 -- __ -- -- 319,365
-- __ ®_ _— 7,356,009 7,358,009
—_ 45,172,575 15,172575
26,E , 62 _._ 5,095,616 5,36636,0Z19 52,5 ,584 _ 0,126563
The notes to the financial statements are an Integral art of these statements.
C-2 (C
MONROE COUNTY, FLORIDA
COMBINED 13ALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS — CONTINUED
SEPTEMBER 30, 1992
GOVERNMENTAL FUND TYPES
Special Debt Capital
General Revenue Service Projects
LIABILITIES, FUND EQUITY AND
OTHER CREDITS
Liabilities:
Accounts Payable $ 1,736,778 $ 2,213,523 $ 2,715 $ 3,280,563
Accrued Wages and Benefits Payable 1,841,600 437,178 -- 2,173
Due to Others -- -- 1,172,397 --
Claims and Judgements Payable -- -- -- --
Due to Other Funds 454,176 1,498,454 -- 427,441
Due to Other Governmental Units 1,937,519 40 -- --
Matured Bonds Payable -- -- -- --
Matured Interest Payable -- -- 4,415 --
Matured Premium Payable -- -- -- --
Deposits in Escrow 45,020 2,980 -- --
Deferred Revenues 370,158 76,477 -- --
Payable from Restricted Assets:
Accrued Interest Payable -- -- -- --
Special Obligation Notes Payable -- -- -- --
Revenue Bonds Payable — Current -- -- -- --
Landfill Closure Costs -- -- -- --
Other Current Liabilities 2,789 410 -- --
Long—Term Debt -- -- -- --
Total Liabilities 6,388,040 4,229,062 i,i79,527 3,710,177
Fund Equity and Other Credits:
Investment in General Fixed Assets -- -- -- --
Contributed Capital —— —— —— ——
Retained Earnings:
Reserved for Revenue Bond Retirement -- -- -- --
Unreserved -- -- -- --
Fund Balances:
Reserved for Encumbrances 104,915 8,117 -- 1,105,312
Reserved for Library, Children's Room 18,285 -- -- --
Reserved for Inventory -- 7,315,236 -- --
Reserved for Trust Fund Purposes -- -- -- --
Reserved for Land Acquisition -- 1,239,256 -- --
Reserved for Mortgage Loans -- 1,982,162 -- --
Reserved for Debt Service -- -- 7,358,009 --
Unreserved 9,505,455 38,424,092 -- 32„018,399
Total Fund Equity and Other Credits 9,628,655 48,968,863 7,358,009 33,123,711
Total Liabilities, Fund Equity and Other Credits $ 16,016,695 $ 53.197.925 $ 8.537,536 $ 36,833,888
C-3
FIDUCIARY
PROPRIETARY Y FUND TYPES FUND PEA ACCOUNT GROUPS TOTAL
General General
Internal Trust Fixed Long-Term r
Enterprise r i q nc is � Debt_ rely
1,424,969 $ 163,995 ,917 ®® -- 8,845,460
128,564 17,81 -- -- -- 2,427,336
-- -- 2,324,202 -- -- 3,496,599
268,860 2,843,648 -- -- - _ Z508
602,539 34,674 8,898 - - -- 3,026,182
-- --- 2,842,196 _ ®- 4,779,755
5,000 _- -- ®- -- 5,000
19 - - -- __ __ 4,434
2,996 - -_ __ __ 2,996
23,317 - _ -_ ®- _- 71,317
63,126 509,761
308,144 ®® -_ __ __ 308,144
191,362 -- -_ - - -- 191,362
180,000 -- -- -- -- 180,000
4,214,340 ®- _- -- -_ 4,214,340
® - 4,383 -- -- - 7,58
11,074,894 15,119 -- -_ 52,5 ,584 6 ,6 ,597
18,4 ,130 3,079,640 5,198, 13 _- 52,5 ,584 94803373
-- -- -- 85,663,719 -- 85,6 ,71
2,808,410 -- -- -- -- 2,808,410
3,554,496 -- -- -- -- 3,554,496
2,033,526 2,015,978 -- -- -- 4,049,504
-- -- -- -- -- 1,218,344
-- -- __ -- -_ 18,285
7,315,236
-- -- 167,823 -- -- 167,823
1,239,256
-- -- -- -- __ 1,982,162
-- -- -- -- -1,358,009
79p947,946
8,396,432 2,015,978 167,83 85,663,719 195, 3,190
26,8 _e562 5s095,. 1 6. 6,036 85.6 71 52,530584 126&63
.5
The notes to the financialstatements are an integral a of these statements.
, i
C-4
COMBINEDMONROE
FLORIDA
8
STATEMENT OF REVENUES, EXPENDITURES
CHANGES N FUND BALANCES
ALL I
GOVERNMENTAL T FUNDS
FOR THE FISCAL , 1
GOVERNMENTAL FUND
Special Debt Capital
General Revenue !2 s
Revenues:
Taxes 10,399,412 $ 37,795,645 --- ,5 ,742
Licenses& Permits 291,586 1,993,250 --
Intergovernmental 10,264,196 5,487,879 926,105 248,190
Charges for Services 4,010,388 746,631 -- --
Fines& Forfeitures 69,467 2,080,797 --
Interest 734,866 1,9 3,793 3999, 1,958, 1
Miscellaneous 408,577 1,461,948 -- 103,6D6
Total Revenues 26,178,492 51,519,943 1,325,483 10856929
Expenditures:
Current:
General Government 16,967,926 ,988,504 -- --
Public Safety 22,663,8678,750,033 -- --
Physical Environment 221,567 446,748 ——Transportation 2,322,311 3,601,28 —® _—
Economic Environment 437,110 7,414,747 - — --
Human Services 5,12Z280 187,066 —®Culture and Recreation 1, 25,268 1,345,975 --
Debt Service 259,826 24,030 4,373,591 --
Capita!Outlay - — __ _— 13
803,404
Total Expenditures 49,6 ,155 25 758,387 4,373,591 13,803,404
Excess of Revenues Over/
(Under) Expenditures (23,441,663) 25,761,556 __A,0481081 (2, 46,475)
Cher Financing Sources/(Uses):
Transfers from ter Funds 22,931,170 273, 74 4,676,484 3,511
Transfers to Other Funds (787, 6) (21,967,146) -- (5,520,908)
Bond Proceeds - - - _ - ® � 4,215,89 _ ,9 ,662
Total Other Financing
Sources/(Uses) ,1 4L534 _(21,6 ,272) 8,392382 18,41 ,
Excess of Revenues and Other
SoursOver/(Under)
Expenditures &Other Uses (1,298,129) 4,068,284 5,844,274 15,465,790
Fund Balance, October 1, 11 10,926,784 44, ,57 1,513,735 17,657,921
Fund Balance, September 30, 1992 9,628.655 9 7.35 . 33.123.711
C-5
FIDUCIARY
FUND TYPES TOTAL
Expendable car tics
Trust ray
$ `` 56,741,799
2,284,836
16,9 ,370
— 4,757,019
68,053 2,218,317
5,742 5,052,170
155,921 _. 2J30,052
22%716 90,110,56
---- 20,956,430
235,293 31,6 ,193
—— 668,315
—— 5,923,595
—— 7,81,857
5,30 ,346
-- 2,971,243
,657,447
® 13,8 ,404
235,293 3 79OL830
5 7 _ _ (3,680,267)
`— 27,8 ,039
(28,275, 90)
-- _ 28,1 ,50
-- 27,7 ,909
(5,57 24,074, 42
173,400 75,172,419
$ 167 823 $ 99.247.061_
The notes to the financial statements are an Integral art 0f these statements.
C-6
COUNTY,MONROE FLORIDA
COMBINEDT OF REVENUES, EXPENDITURES
CHANGES 1 L
L GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST
FOR THE FISCAL E30, 1992
GENERALFUND
Variance
Favorable
udActual (Unfavorable)
Revenues:
Taxes 10,558,186 10,399,412 (158,774)
Licenses& Permits 231,200 291,586 60,386
Intergovernmental 10,920,774 10,2 ,19 (656,578)
Charges for Services 2,6 ,016 4,009, 87 1,366,671
Fines&Forfeitures17,500 69,467 51,967
Interest 1,002,555 734,866 (267,689)
Miscellaneous 262, 3,577 1 2
Votel Revenues 25,6 ,326 26,177,791 542B465
x nditures:
Trent:
General Government 18,117,202 16,950,936 1,166,266
Public Safety 23,4 ,370 22,663,867 826,503
Physical Environment 257,771 221,567 36,204
Transportation 3,163,220 2,32Z311 840,909
Economic Environment 852,761 437,110 415,651
Human Services 6,186,968 5,122,280 1,064,688
Culture and Recreation 1,765,420 1,625,268 140,152
Debt Service 202,098 259, (57,728)
Capital Outlay
Total Expenditures 54,0 ,610 19
,603j65 4,4q2,6
Excess of Revenues Over/(Under) Expenditures (23, ,434) ___(?§,425,374} 4, 75,110
Other Financing Sources/(Uses):
Reserve for Contingencies (2, 2,584) ® - 2,48Z584
Transfers from Other Funs 23,549,695 22,931,170 (618,525)
Transfers to Other Funds (787,636) (787,636) --
Bond ProceedsProceeds from Tax Anticipation Note -- _- --
Total Other Financing ourc /(Us ) 20,2 ,475 22 1AP,534 1,864059
Excess of Revenues and Other SourcesOver/(Under)
Expenditures Other Uses - Budgetary Basis ( ,121,009) (1,281,840) 6,639,16
Total Adjustments -- (16,23 (1 ,2891
Excess of Revenues and Other SourcesOver/(Under)
Expenditures and Other Uses - GAAP Basis (8,121,009) (1,298,129) 6,
Fund Balance, October 1, 1991 10 926,734 1 ,7 --
Fund Balance, September 30, 1992 a_05,775 9,628 655 $ 6.822.880
C-7
SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
Variance Variance
Favorable Favorable
Budget _ Actual Budget Actual (UnfnT fie}
39, ,214 $ 37,7 ,641 $ (1,563,57 ) `®1,490,000 1,993,250 503,250
4,472,137 4,874,148 402,011 873,250 926,105 52,855
426,500 746,631 320,131
1,534,000 2,080,797 546,797
®_ _
1,615,313 1,940,558 325,245 72,500 399,378 326,878
964,550 1,97,625 973075
49,861,714 51,3 8650 1,506, _ 9 ,7 1 25,483 379,733
9,184,856 6,97 ,088 2,205,768 `-
10,772,779 8,131,459 2,641,320
729,927 446,748 283,179
16,3 ,451 3,601,284 12,762,167
10,055,752 7,228,632 2,827,120
2,651,554 187,066 2,464,488
1,624,734 1,345,975 278,759 __ _- --
396,000 384,030 11,970 4,438,684 4,373,591 65,093
51,779,053 23,3 262 23,474,771 4,438,664 4,373,591 � 65093
i ,339 23,064,368 24,981,707 _(3 492 34 (3,0 ,108 44826
(4,111,256) --- 4,111,256 (6,711,01 ) - -- 6,711, 15
273,874 273,874 4,61 Z550 4,676,484 63,934
(22,3 ,097) (21,967,146) 366,951
4,21 ,898 4,215,89
360,000 360, -_ -®_ _
25 811,479 (21,333,272 4
,478207 2,117,433 8,892,382 _ 6,774,949
(27,7. ,818) 1,731, 96 29,459,914 (1,375,51) 5,3 ,274 7,219,775
4,316,175 2,337,188 (1,978,987 -- -_
(23,412,6 ) 4,068,284 27,480,927 (1,375,501) 5,844,274 7,219,775
___ 9 ,579 , ,57 " 1,513,7 1,513 735 ®®
21,487.9 4&968.863 27.480.927 1 7,358M9 $ 7,19,775
The motes to the financial statements are an Integral part of these statements.
C`8 I (ContinuecQ
COUNTY,MONROE FLORIDA
COMBINEDT" T F REVENUES, EXPENDITURES
CHANGES IN FUND BALANCES — BUDGET AND ACTUAL
CONTINUEDALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS —
FOR THE FISCAL , 1
CAPITALJ FUNDS
Variance
Favorable
u get _Actual ( nfavo ie
Revenues:
Taxes 6,900,000 $ 8,546,7421,646,742
Ucenses& Permits W--- _— --
Intergovemmental 250,000 248,190 (1,810)
Charges for Services —— --
Fines Forfeitures -- -- --
Interest 375,ODO 1,95 ,31 1,583,391
Miscellaneous 94,251 103,606 9,355
Total Revenues 7, 19,251 10p356p929 3,237,678
Expenditures:
Current:
General Government -- -- --
Public Safety -- _— --
Physical Environment -- --Transportation
-- -- --
Economic Environment
Human Services -- --Culture and Recreation -- —_Debt Service
Capital Outlay 42L269,984 13,803 404 28, ,560
Total Expenditures 422 9 4 13,3 4 213, ,580
Excess of Revenues Over/(Under) Expenditures (34,650,733) (2,94 ,475) 31,7G4,258
Other Financing Sources/(Uses):
Reserve for Contingencies (12,338) -- 12,338
Transfers from Other Funds 3,511 3,511 Transfers to Other Funds (5,773,402) (5,520,908) 252,494
Bond Proceeds 23,9 ,662 23,929,662 --
Proceeds from Tax AnticipationNote _— --
Total Other Financing Sources/(Uses) 13,147, 18,412,265 � 64, 2
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other U — Budgetary Basis (16,503,300) 15,465,790 31,9 ,09
"total Adjustments -- -- --
Excess of Revenues and Other SourcesOver/(Under)
Expenditures d OtherBasis (16,5 15,465,790 31,969,090
Fund Balance, October 1, 191 1 ,6 ,921 17, 57, 2 —_
Fund Balance, September 30, 1992 11.154.6211 ,1 711 31.969.090
EXPENDABLE TRUST FUNDS TOTAL - MEMORANDUM ONLY
Variance Variance
Favorable Favorable
uggqt Actual jqn orq t Actual favor,@jb_qyAge _ IVn_ _ qL
$ $ $ 56,817,400 $ 56,741,795 $ (75,605)
1,721,200 2,284,836 563,636
16,516,161 16,312,639 (203,622)
3,069,516 4,756,318 1,686,802
58,503 68,053 9,550 1,610,003 2,218,317 608,314
3,084 3,084 3,065,368 5,036,277 1,970,909
225 225 1,320,896 2,450,033 1,129,137
58 12 85q 1 544 89 0 15 5 79671
,503 71,362 __14
-- -- 27,30Z058 23,930,024 3,372,034
127,889 81,246 46,643 34,391,038 30,876,572 3,514,466
-- -- -- 987,698 668,315 319,383
19,526,671 5,923,595 13,603,076
10,908,513 7,665,742 3,242,771
9,413 9,413 8,847,935 5,309,346 3,538,589
3,390,154 2,971,243 418,911
5,036,782 5,017,447 19,335
-- 42,269,984 288 13 03 04, 4 ,4 580_
137,302 81,246 .......56,0 56 152, 360833 96 165,6§8 56 ,IA§_
(78,799) ______19,884 68,915 0289 4731 62.,174816
(1,046) 1,046 (13,318,239) -- 13,318,239
28,439,630 27,885,039 (554,591)
(28,895,135) (28,275,690) 619,445
28,145,560 28,145,560
360,000 360,000 --
1046 14 731,816 28,114,909 13383093
(79,845) (9,884) 69,961 (53,808,473) 21,749,436 75,557,909
4,307 4,307 4,316,175 2,325, 06 1 9 9
(79,84,5) (5,577) 74,268 (49,492,298) 24,074,642 73,566,940
173,400 173,!!QO 5172,419 75,172419
$ .555 $ I 67 823 4.268 $ 25 80121 $ 99.247061 $ ----13,566 40
The notes to the financial statements are an integral part of these statements.
C-10
COUNTY,MONROE FLORIDA
COMBINED STATEMENT OF REVENUES, X IN FUND
ALL PROPRIETARY
FOR THE FISCAL E T , 1 9
Internal Total
Enterprise Service (Memorandum
_ FundsFunds _ __ n )
rain venues:
Tolls 840,552 --® 840,652
Charges for Services 10,877,692 7,441,174 18,318,866
Franchise Fees 2,771,054 -- 2,771,054
Miscellaneous 130, 2 19,165 149,797
Total Operating Revenues w 14,619,930 _ 7,460 080269
Operating Expenses:
Personal Services 1, 77,540 291,791 2,269,331
Operations 9,874,315 2,003,764 11,878,079
Depreciation 1,084,001 10,115 1,094,11
Asserted and Paid Claims ®-- 4,773 909 4,773,90
Total Operating Expense 12,935,856 7,079,579 20,015,435
Operating Income 1,664,074 380,760 2,064,834
Non—Operating Revenues (Expenses):
Operating Grants 121,528 121,528
Interest Income 659,650 146,404 806,054
Interest Expense and Fiscal Charges (682,602) — (682,602)
Lass on Disposition of Assets (33,947) ___�_1,993 ( ,9 )
`totalNon—Operating Revenues(Expenses) 64,6 � 144,406 209,
Income Before Operating Transfers 1,743,703 525,166 2,273,869
Operating Transfers:
Transfers from Other Funds 1,821,199 1,821,199
Transfers to Other Funds (1,399,I336) (30,710) (1,430,548)_
Total Operating Transfers 421, 1 (30,710) 390651
Net Income 2,170,064 494,456 2,664,520
Fund Equity — October 1, 1991 6,226,368 1,521, 22 7,747,89
Fund Equity — September 30, 1992 8,396,432 2,015, 73 10,41 ,410
e notes to the financial statements are an integral part of there statements.
C-11
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Internal Total
Enterprise Service (Memorandum
Funds Funds Ill
Cash flows from operating activities:
Cash received for services $ 14,438,069 $ 7,195,244 $ 21,633,313
Cash payments to suppliers for goods
and services (9,487,167) (6,558,983) (16,046,150)
Cash payments to employees for services (1,939,151) (294,342) (2,233,493)
Other operating revenue _130 632 19,1.65 149,797
Net cash provided by operating
activities 3142383 361 84 3,5103467
Cash flows from noncapital financing activities:
Operating grants received 82,480 82,480
Operating transfers from other funds 1,821,199 1,821,199
Operating transfers too er funds (1,399,838) A30,710 1,jgq,548
Net cash provided (used) by noncapital
financing activities 503,841 (30,710) 473,131
Cash flows from capital and related financing
activities:
Acquisition of fixed assets (274,919) (12,263) (287,182)
Proceeds from sale of equipment 1,000 1,000
Principal paid on capital debt (663,116) (663,116)
Interest paid on capital debt (666,2B5
Net cash (used) by capital and
related financing activities j1q04,320j (11,263) (1,§1�583
Cash flows from investing activities:
Purchase of investment securities (11,468,476) (11,468,476)
Proceeds from sale and maturities
of investment secuftes 10,830,167 10,830,167
Interest on investments 659L650 —146 404 806054
Net cash provided by investing
activities 21341 146,404 _I 67,745
Net increase in cash and cash
equivalents 2,063,245 465,515 2,528,760
Cash and cash equivalents at beginning of year 968 9 , 368 76 1 658441
665 9 3
Cash and cash equivalents at end of year $ 12.031.910 $ 4.155291 $ 16,187,201
C-12 (Continued)
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Internal Total
Enterprise Service (Memorandum
Funds — Funds Only)__
Operating income $ ..1,684074 $ 380,760 $ 2,064,834
Adjustments to reconcile operating
income to net cash provided by
operating activities:
Depreciation 1,084,001 10,115 1,094,116
Change in assets and liabilities:
Decrease/(Increase) in:
Accounts receivable (62,415) 86,142 23,727
Due from other funds (18) (271,664) (271,682)
Due from other governmental units (1,739) (60,408) (62,147)
(Decrease)Ancrease in:
Accounts payable 97,259 15,453 112,712
Accrued wages 27,871 2,547 30,418
Due to other funds 532,086 (55,227) 476,859
Deposits 12,942 12,942
Landfill Closure Costs (225,849) (225,849)
Compensated Absences 10,519 (5,097) 5,422
Asserted and paid claims (16,348) 258,485 242,137
Other current liabilities (22) J22 1
Total adjustments 1,458 30�9 (1%§7J6 1,4338,633
Net cash provided by operating
activities $ 3,142,383 $ 361,084 $ 3503467
SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING
CAPITAL AND INVESTING ACTIVITIES
Amortization of an Enterprise Fund's and issuance and discount costs was$16,883,
An Enterprise Fund and an Internal Service Fund retired certain plan assets having a net book value of$33,947
and$1,998 respectively.
The notes to the financial statements are an integral part of these statements.
C-13
MONROE CQUNIY,,�QR�ID
NOT
ES TQ COBIND FINANCIAL TAIEMENLS
SETS BE 30 992,,L—
NOTE I - 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) . GAS B 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, 1992. 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, 1992
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The onroe County ousin A thor tj - 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 Distri�t - 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 Count v 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
NOTES TO -COMBINED FINANCIAL-STATEMENTS
SEPTEMBER 3-0,, 1992
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Debt Service_EunLs - 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.
�ApJtAl_ Project Funds - Capital Project Funds are used to account for
financial resources segregated for the acquisition or construction of major
capital facilities other than those financed by proprietary operations.
Proprietary Funds®
Enter rise 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.
Fiduciary Funds:
Expendable Trust Funds - Expendable Trust Funds are generally used in
instances where legally mandated or where a formal legal trustee relationship
exists. Both principal and income may be expended in the course of their
designated operations.
Aqgng�Funds - Agency Funds are custodial in nature (assets equal liabilities)
and do not involve measurement of results of operations. Agency Funds are
merely clearing accounts for assets held by a government as an agent for
individuals, private organizations, other governments, or other funds.
Account Groups:
General Fixed Assets Account Group - This account is established to account
for all fixed assets of the County, other than those accounted for in the
Enterprise and Internal Service Funds.
C-16
ROE_ TYfl F I
NOTES C I E FIACI L TTE ETS
SEPTEMBER 30,1992
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
General Long-Term eb ccon rou - This account group is established o
account for the long-term debt of the County financed from Governmental Funds.
asis of Accountinq - The accounting and financial reporting treatment applied
to a fund is determined by its measurement focus. All Governmental Funds an
Expendable Trust Funds are accounted for using current financial resources
measurement focus. With this measurement focus, only current assets and current
liabilities generally are included on the balance sheet. Operating statements
of these funds present increases (i .e. , revenues and other financing sources) an
decreases (i .e. , expenditures and other financing uses) in net current assets.
11 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 an
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. 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 receivespayment; ( ) prepaid items, which are reported only on the
Balance Sheet and do not affect expenditures; an (3principal 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,
e legal and contractual requirements of the numerous individual programs are
used as guidance. There are, however, essentially two types of these revenues.
n one, monies must be expended on the specific ur o e or project before any
- 7
NOTES TO COMBINED FIBANC JAL-STATE ftM
SEPTEMBER-30., 1992
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
amounts will be paid to the County; therefore, revenues are recognized based on
the expenditures recorded. In the other, monies are virtually unrestricted as
to purpose of expenditure and substantially irrevocable; i .e. , revocable only for
failure to comply with prescribed compliance requirements, such as equal
employment opportunity. These resources are reflected as revenues at the time
of receipt or earlier if they meet the availability criterion.
Licenses and permits, charges for services, and miscellaneous revenues (except
investment earnings) are recorded as revenues when received in cash, because they
are generally not measurable until actually received. Investment earnings and
most fines and forfeitures are recorded as earned since they are measurable and
available.
Proprietary Funds use the accrual basis of accounting. Revenues are recognized
in the period in which they are earned and expenses are recognized in the period
incurred.
Budgets and Budgetary Data - The following are the statutory procedures followed
by the Board of County Commissioners in establishing the budget for Monroe
County.
1) On or before 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 budget for the fiscal year commencing the following October 1.
The budget includes proposed expenditures and the means of financing them.
3) By Board resolution, a tentative budget is submitted to the public.
Public hearings are held to obtain taxpayer comments.
4) Fifteen days after adoption of the tentative budget, a final budget is
submitted for review and adoption at a final public hearing.
5) Prior to, or on September 30, the County's budget is legally enacted
through passage of a resolution® Accordingly all fund types have an
adopted budget as required by Florida Statute 129.03.
C-18
MONROEECOUNIY,—ELORJDA
OT S jQ_CO I E FI A CIAL T TE E T _
SEPT EMBER , 1992
NOTE I - SUMMARY F SIGNIFICANT CC TI G POLICIES (Continued)
} During the year, the Office of Managementand Budget acts o
intradepartmental budget changes that do not alter the total revenue or
expenditures budgeted to a cost center. A cost center represents
particular area of County operations or a department. All other budget
changes (whether they are transfers between cost centers or alterations o
total revenues and expenditures in a fun ) 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 runner.
7) Florida Statute 129, Section 7, as amended in 1978, provides that only
expenditures in excess of total fund budgets are unlawful . However,
cause the Board acts on all budget changes between cost centers, this
becomes the level of control .
Budgeted o Actual Expenditure reports are employed as a management
control device during the year for all fund types.
Budgets for all funds, with the exception of the Property raiser's
General Fund, are adopted on a basis consistent with generally accepts
accounting principles (G P) for that fund type, except for revenues an
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.
I ) All appropriations lapse at year end.
Inventory - Inventory is valued at the lower of cost or market. Inventory in the
Comprehensive Plan Land Authority (SpecialRevenue) consists of land purchase
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 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 andthose requiring or benefiting by separate investment.
This gives the County the ability o maximize its yield on the sort-ter
investment of cash, increasing its income accordingly.
C-1
MO ROE COUNTY. FLORIDA
SEPT EMBER-10-,-1992
NOTE I - 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.
Enter rise 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 10-20
Machinery and Equipment 3-10
Sanitary Landfill Sites 1-10
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 - namortized 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
C-20
MONROE COUNTY. FLORIDA
NOTES TO COMBINEDFINANCIAL ST TEE
KPIEMBER 3Q, 12
T 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
to reserve that portion of the applicable appropriation, is employed in the
Governmental and Expendable Trust Fund types. Encumbrances are not the
equivalent of expenditures, therefore, the encumbrances are reported as
reservations of fund balances at year end and reappropriated the following year.
Pro erty Taxes - Property taxes, based on assessed values at January 1, are
levied and become due and payable on November lst 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
lst of each year, and tax certificates for the full amount of any unpaid taxes
and assessments must be sold not later than June 1st of each year. No accrual
for the property tax levy becoming due in November of 1992 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 our 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 AccountGroup. The accumulated
compensated absences are accrued when incurred in the Proprietary Funds.
Cash and Cash Eoivlents - 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 Combine
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.
E - C INVESTMENTS
Cash and investments consist of the following at September 30, 1992:
C-21
MONROE COMIL-LLORIDA
KIES TO COMBIKE FI ANC
SEPTEMBER 30., 1992
NOTE 2 ® CASH AND INVESTMENTS (Continued)
Restricted
Cash and Cash and Cash with
Investments Investments_ Fiscal Agent Total
Board of County
CommissLonerli
Amount Invested in
County's Pooled
Cash Program $ 62,641,464 $ 3,471,085 $ - $ 66,112,549
Demand Deposits 31,477,727 5,257 12,430 31,495,414
Investments 481.467 _10,877,,571 - 11 359 038
94.,.§00,658 14 353 913 12 430 108 967 001
--— -------------— ---------------J-
Other Constitutional Officers
and Dependent District
Amount Invested in
County's Pooled
Cash Program 8,141,551 - - 8,141,551
Demand Deposits 3,193,558 - - 3,193,558
Investments 565,854 - - — 565.854
11.900.963 - - 11.900.963
1100,501,621 I4=L353 913 12.430 120. 67.964
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) negotiable direct obligations of, or obligations of which the principal
and interest are unconditionally guaranteed by, the U.S. Government
c) 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
d) obligations of the Federal Home Loan Mortgage Corporation
e) obligations of the Federal National Mortgage Association
C-22
MORMLIQUKRI--fiffim
NOTES TO COMBINED FINANCIAL-53ALEMENTS
SEPTEMBER 30, 1992
NOTE 2 - CASH AND INVESTMENTS (Continued)
f) 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
g) Bankers' acceptances that are eligible for purchase by the Federal Reserve
Banks and have a letter of credit rating of AA or better
h) 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.
DeDosits - 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 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 $ 7,460,983 $ 7,524,664
Local Government Surplus Funds Trust Fund 66, 112,549 66,112,549
Money Market Funds 3,416,588 3,416,588
Deferred Compensation Plan 481_,467 481 467
77,471,..587 77,535..268
Other Constitutional Officers
and DeDendent District
Local Government Surplus Trust Funds 8,141,551 8,141,551
Deferred Compensation Plans - 565.,854 565_,854
8.707.405 8.707.405
LI641=78,6992 242 673
NOTE 3 - MORTGAGES RECEIVABLE
Mortgages receivable at September 30, 1992 consist of the following:
C-23
MONROE COUNITY,11ORID A
NOTES TO COMBINED FINANCIAL SIAILMENTS
SEPTEMBER 30, 1992
NOTE 3 - MORTGAGES RECEIVABLE (Continued)
Community Development Block Grant:
Second Mortgage Receivable from individual , collateralized
by land and buildings, payable in monthly installments of
$1,647 including interest at 3%, final payment due
March 1, 2004 193,192
Second Mortgage Receivable from individual , collateralized
by land and buildings, payable in monthly installments of
$1,975 including interest at 3%, final payment due March 2004 248,153
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 385,000
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 will repay $442,500
annually, interest free. 1,327,500
Mortgage due from not-for-profit corporation, collateralized
by land, principal and interest at 9.5% payable in full at
May 13, 2000. 14,432
Total Mortgages Receivable 1_2,168,277
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.
Pursuant to the terms of the mortgage, the balance of the Second Mortgage of
$248,153 is now due on demand.
NOTE 4 - INTERFUND BALANCES
Individual fund interfund receivable and payable balances at September 30, 1992
are:
C-24
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER -30,1992
NOTE 4 - INTERFUND BALANCES (Continued)
Interfund Interfund
Fund Receivable --Pay able
_
General Fund 2.151.166 L---_ 54,1 L 6 Special Revenue Funds:
Fine and Forfeiture 57 506,936
Road and Bridge 96 165,352
Law Library - 443
Tourist Development District #One, 2 Cent 51,172 -
Tourist Development District #Two, 2 Cent 2,081 -
Tourist Development District #Three, 2 Cent 1,100 1,498
Tourist Development District #Four, 2 Cent 1,195 16,591
Tourist Development District ffive, 2 Cent 1,450 29,945
Tourist Development Administrative and
Promotional 16,075 -
Tourist Development District #One, 3 Cent 8,422 68,000
Tourist Development District #Two, 3 Cent 652 -
Tourist Development District #Three, 3 Cent 1,444 66
Tourist Development District #Four, 3 Cent 2,985 742
Tourist Development District ffive, 3 Cent 3,988 1,340
Fire and Ambulance District 1 - 202,728
Fire and Ambulance District 5 - 88,574
Fire and Ambulance District 6 - 24,760
Translator System - 5,290
Special Road District - Venetian Drive - 917
Planning, Building and Zoning 16 232,024
Parks and Recreation - 20,666
Impact Fees, Libraries - 2,068
Impact Fees, Police Facilities - 8,898
Upper Keys Health Care - 3,675
Sheriff Federal Grant - ----117-,941
90.733 1,498 454
Debt Service Funds:
1988 Improvement Revenue Bonds .,-.-..5.7.,.1..92
Capital Project Funds:
Comprehensive Improvements 9,919
Revenue and Improvements - 85,444
One Cent Infrastructure 5,313 190,395
Sales Tax on Capital Improvement 8,850 141,,,683
----14.,163 427.,441
C-25
MONRO17 COUMNITY,-ELO-R.-ID-A
NOTES TO COMBINED FINAWC-1AL TAT EMEN US
SEPTEMBER 30., 1992
NOTE 4 - INTERFUND BALANCES (Continued)
Interfund Interfund
Fund Receivable ---Layable
Enterprise Funds:
Municipal Service District 583,787
Card Sound Bridge 18 -L8,.752
18 602..539
Internal Service Funds:
Worker's Compensation 1,838 21,708
Group Insurance 710,222 5,939
Risk Management Fund 850 - 7.027
712,_910 34.674
Trust and Agency Funds:
Law Enforcement Trust 8,898
j_ ..0 1 3. 6, 182
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,
Refunding Improvement Revenue Bonds, Series 1983, Improvement Revenue Bonds,
Series 1988, and Sales Tax Revenue Bonds, Series 1991. Total restricted assets
as of September 30, 1992 are as follows:
Cash and
Enterprise Fund - M-unicigal Service District Investments
Renewal and Replacement Fund $ 3,085,440
Sinking Funds 777,200
Landfill Closure Escrow 1,558,130
Crawl Key Condemnation 507.309
5,9 28,07
9
Refunding_Improvement Revenue Bonds,
Series 1983 Debt Sgrviice Fund
Debt Service Reserve Fund 577,099
Sinking Fund 563,872
971
C-26
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STA EMENTS
SEPTEMBER 30,_ 1992
NOTE 5 - RESTRICTED ASSETS (Continued)
Im rovement Revenue Bonds, Series 1988 A and B
Debt Service Fund
Sinking Fund 377,L928
Sales Tax Revenue Bonds Series 1991
Debt Service Fund
Debt Service Reserve Fund 4,480,542
Sinking Fund 2,426,393
6,906,935
14 353.913
TRESERVES 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 3 ,
1992:
Enterprise Funds
Municipal Service District
Reserved for Debt Service - Interest Account $ 469,056
Reserved for Renewal and Replacement Account 3,085,
.440
Debt Service Funds
- 3,554 6
Refunding Improvement Revenue Bonds, Series 198
Reserved for Debt Service 1, 140,971
Improvement Revenue Bonds, Series 198
Reserved for Debt Service 435, 120
Sales Tax Revenue Bonds, Series 191
Reserved for Debt Service 5,781,91
7358009
10,912,505
C-27
MORE COUNITY,-FLORIDA
SEPTEMBER 30 992
,--I—
NOTE 6 - RESERVES FOR RESTRICTED ASSETS (Continued)
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 $ 14,353,913
Less:
Restricted assets for which retained
earnings are not required to be reserved 2,065,439
Liabilities payable from restricted assets 1,483,256
Plus:
Amounts due from other funds 57,192
Interest Receivable 50.095
1=191�912 505
NOTE 7 ® PROPERTY
The following is a summary of changes in General Fixed Assets for the year ended
September 30, 1992:
1991 Additions Deductions 1992
Land $ 13,267,658 $ 1,165,889 $ $ 14,433,547
Buildings 22,667,161 203,216 - 22,870,377
Equipment 26,738,942 3,415,416 1,543,769 28,610,589
Construction in
Progress _ 6,
030.7 734 13.063.278 144,806 19,749.,.206
5O4A495 17847 99 6 LI719
Li _
Construction in progress at the end of 1992 includes $13,852,605 of costs
relative to the Stock Island Jail Facility. An additional $13,200,000 will be
required to complete the jail project under present contractual agreements.
Enterprise Fund property consisted of the following at September 30, 1992:
Municipal Card
Service Sound
District Brid —Total
Land $ 4,149,233 $ $ 4,149,233
Buildings and Improvements 267,683 2,529,805 2,797,488
Equipment 12,834,290 208�3 ,37 13 42&27
Total Property 17,251,206 2,738,142 19,989,348
Less Accumulated Depreciation — 8.363.060 1.327,734 9.690,794
Net Property .14 10.1.4�08 L124198 554
C-28
0 R E COUNTY._ FLORIDA
OTS T COM I ED F.I.. RNLI L ST T E TS
PTE 8E 30, 1992
T 7 - PROPERTY (continued)
Internal Service Fund property consisted of the following at September 30, 1992:
Worker's Group Risk
Coensation Insurance Management Total
Equipment $ 32,008 $ 6,071 $ 33,869 $ 71,948
Less Accumulated
Depreciation 16.346 3 3898 5 28,920
t Equipment _ 151 66 2 2,682 244684 S 43,02
NOTE 8 - LONG-TERM E
The following is a summary of changes in long-term debt for the year ended
September 30, 19 2:
Debt Debt
1991 Issued Retired 1992
General Long-Term
Debt Group
Revenue Bonds $ 21,315,000 $42,415,000 $13,880,000 49,850,000
Accrued Compensated
Absences 1,862,65 477,984 3,741 2,336,888
Capitalized Lease
Obligations 343,759 - 179,069 164,690
Installment Loan 234,215 - 55,209 17 , 0
Subtotal 23,7 5.619 42,8921984 14,118,019 52,5 0,584
Proprietary Funds
Revenue Bonds 9,570,000 - - 9,570,000
Accrued Compensated
Absences 122,851 5,421 - 128,272
Special Obligation
Notes 61, 1 - 21 , 16 435,603
Due to Other
Governments ,770, 0 - 442,500 1,327,500
Subtotal 12, 11 , 7 5,421 658 116 11.461.375
Total 35.869.689 $ , 9 0 1 ,77 ,13 , IJ59
J.
Bonds payable at September 30, 1992 from Proprietary Funds are composed of the
following issues:
-
SEPTEMBER-30-, 1992
NOTE 8 - LONG-TERM DEBT (Continued)
Enterprise Revenue Bonds - $9,570,000 1991 Municipal Service
District Refunding Improvement Bonds due in annual install-
ments of $180,000 to $735,000 on October 1, 1992 to October
1, 2011; interest at 5.4% to 6.60% 1-9, 7!L 0.,60 0 0- -_
Bonds payable at September 30, 1992 from Governmental Funds are composed of the
following issues:
Revenue Bonds - $2,155,000 1983 Refunding Improvement
Revenue Bonds, Series 1983 due in annual installments
of $45,000 to $190,000 through July 1, 2011; interest
at 8.00% to 9.25% $ 1,890,000
Revenue Bonds - $5,000,000 1988 Improvement Revenue Bonds,
Series 1988—A due in annual installments of $190,000 to
$650,000 through December 1, 2008; interest at 6.90% to 7.60% 5,000,000
Revenue Bonds - $2,265,000 1988 Improvement Revenue Bonds,
Series 19888 due in annual installments of $130,000 to
$300,000 through December 1, 1998; interest at 6.3% to 6.90% 1,680,000
Revenue Bonds - $42,415,000 1991 Sales Tax Revenue Bonds,
Series 1991 due in annual installments of $2,540,000 to
$4,595,000 through April 1, 2004; interest at 4,75% to 6.20% 41.280.000
11�9 8 50..- .000
Other long-term liabilities payable at September 30, 1992 from Proprietary Funds
are composed of the following:
Special _Obligation_Notes Payable - due in monthly
installments of $21,919 on October 29, 1992 to
December 29, 1994, interest at 8.56% 435.603
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
will repay $442,500 annually, interest free. 1.
327.500
500
Other long-term liabilities payable at September 30, 1992 from Governmental Funds
are composed of the following:
Installment notes payable in monthly installments of $6,136
from October 1, 1992 to maturity dates at various times through
the fiscal year ended September 30, 1996; the average interest
rate is 7.41% C-30 L.29L.0.06
MONROE COUNTY, FLORIDA
NOTES TO CQMBINED JNANCIAL STATEMENTS
SEPTEMBER 30 1992
NOTE 8 - LONG-TERM DEBT (Continued)
Debt Service Fund in Re uirements - The total annual debt service funding
requirements for all bonds outstanding at September 30, 1992, consisting of
interest payments of $30,072,104 and principal payments of $59,814,609 are as
follows:
® Revenue Bonds
Year Ended PrODrieta,ry F n�___ds Governmental
September 30 Amount Interest Rate Amount Interest Rate
1993 $ 891,307 5.4% - 6.75% $ 5,733,982 4.75% - 9.25%
1994 890,918 5.6% - 6.75% 5,729,192 5.00% - 9.25%
1995 889,117 5.7% - 6.75% 5,719,956 5.20% - 9.25%
1996 891,162 5.8% - 6.75% 5,712,737 5.35% - 9.25%
1997 891,732 5.9% - 6.75% 5,711,197 5.55% - 9.25%
1998-2002 4,471,546 6.0% - 6.75% 28,438,806 5.70% - 9.25%
2003-2007 4,437,622 6.6% - 6.75% 14,039,894 6.15% - 9.25%
2008-2011 3,229,400 6.75% 1.542.422 7.60% - 9.25%
Total 16,592.804 72 628,I86
Notes Payable
Year Ended Proprietary Funds _Governmental
September 30 Amount Interest Rate Amount Interest Rate
1993 $ 206,728 8.56% $ 64,847 6.9% - 11.8%
1994 206,728 8.56% 61,899 6.9% - 11.8%
1995 51,682 8.56% 61,899 6.9% - 11.8%
1996 - 11.940 6.9% - 7.3%
Total $ 465.138 $ 200.585
Year Ended
September 30 Total
1993 $ 6,896,864
1994 6,888,737
1995 6,722,654
1996 6,615,839
1997 6,602,929
1998-2002 32,910,352
2003-2007 18,477,516
2008-2011 771,822
$ ,713
C-31
MONROE--LOUNIL ORID
SEPT EMBER 30, 1992
NOTE 8 - LONG-TERM DEBT (Continued)
The amount available in the Debt Service Funds to service the 1983, 1988A and
1988B and 1991 revenue bonds is $8,425,834.
Restrictive Covenants and Collateral Reguirements - The 1983 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.
The 1991 Municipal Service District Refunding Improvement bonds are payable
solely from and collateralized by a prior lien upon and pledge of (i) charges for
service levied annually against residential property within the Monroe County
Municipal Service District (the "District") , Monroe County, Florida for the
availability and furnishing of certain solid waste disposal services, (ii)
payments received from franchisee solid waste collectors with respect to
commercial property within the District, (iii) all other non ad valorem funds
received by the District with respect to furnishing services of the solid waste
facilities to the residents of the District excluding any state or federal funds
received from time to time by the District and (iv) certain investment income
received by the District. Under the terms of the enterprise revenue bonds issue,
the Municipal Service District is required, among other things, to establish
rates and to collect fees and charges which will be sufficient at all times to
pay 110% of the Maximum Debt Service Requirement on the Series 1991 Bonds and on
all outstanding Parity Bonds, plus 100% of all reserve or other payments
including the cost of Operation and Maintenance and deposits for Renewal and
Replacements of the Facilities. The Municipal Service District was in compliance
with those covenants for the year ended September 30, 1992. The Bonds and the
interest payable thereon will not constitute a general obligation of the
District, Monroe County or the State of Florida, or a pledge of the faith and
credit of the District, Monroe County, the State of Florida or any political
subdivision thereof® Neither the Bonds, nor any interest or premium thereon,
shall be payable from the ad valorem tax revenues of the District, Monroe County,
or the State of Florida.
The 1988 Series A and B 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 1989 Special Obligation Notes are payable from and collateralized by (i)
charges for service levied against designated property within Monroe County
benefited by the County'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
federal funds received from time to time by the County and (iv) investment
C-32
MONROE COUNIY,-ELORIDA
SEPTEMBER 30, 1992
NOTE 8 - LONG-TERM DEBT (Continued)
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.
The 1991 Sales Tax Revenue Bonds are payable from and collateralized by a lien
and pledge of the portion of the proceeds of the one cent local government
infrastructure sales surtax on deposit in the trust fund established for the
County in the Florida State Treasury, allocated for and distributed monthly to
the County.
NOTE 9 - PRIOR YEAR DEFEASANCE OF DEBT
On December 6, 1985 the County defeased the $8,000,000 Municipal Service District
Improvement Bonds, Series 1980 using proceeds from the $9,211,774 Municipal
Service District Refunding Improvement Bonds, Series 1985. On April 1, 1991 the
County defeased the Municipal Service District Refunding Improvement Bonds,
Series 1985 by using proceeds from the Municipal Service District Refunding
Improvement Bonds, Series 1991.
The following schedule reflects the outstanding principal on refunded Municipal
Service District Bonds, by issue as of September 30, 1992:
$8,000,000 Municipal Service District Improvement
Bonds, Series 1980 $ 7,310,000
$9,211,774 Municipal Service District Refunding
Improvement Bonds, Series 1985 7. 196,74 Z__
14.506 774
NOTE 10 - 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, 1992:
General Long-
Fiscal year ending September 30: Term Debt
1993 $ 79,698
1994 70,982
1995 31.,127
Total minimum payments 181,807
Amounts representing interest 17,117
Present value of net minimum lease payments $ 164 690
C-33
NOTES TO COMBINED F1H4ANjAALL-jSTjAATjEEKEM
NOTE 10 - LEASE OBLIGATIONS (Continued)
Leased equipment which has been capitalized as of September 30, 1992 is as
follows:
General Fixed Assets - General Government L_ 236=,.97I
Rental expense under operating leases for the current year amounted to $596,031.
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 $1 per year for 30 years, expiring in the year 2022.
The Florida Department of General Services leases land on Key Largo which cost
$501,719 upon which the Department has constructed a law enforcement radio
communications system. The Department pays a rental of $1 per year. The lease
expires in 2021.
NOTE 11 - CONTRIBUTED CAPITAL
Contributed capital consists of the following at September 30, 1992:
Enterprise Funds - Contributions from
Other Funds:
Municipal Service District $ 2,805,649
Card Sound Bridge ------2.761
2,.808,410
NOTE 12 - FUND DEFICIT
Enter rise Funds - Municipal Service District - The accumulated deficit of
$1,791,177 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 cost of
landfill closure. The deficit will be eliminated by continuing to collect
charges and fees as increased in the prior year.
NOTE 13 - EXPENDITURES IN EXCESS OF APPROPRIATIONS
The following cost center had expenditures in excess of appropriations at
September 30, 1992:
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 overbud gets d. Expenditures exceeded appropriations by $57,728.
C-34
MOWRQE COUNTY, _ELQRM
NOTES TO COMB.LREQ FINANCIAL STATEMENTS
SEPTEMBER 30., 1992
NOTE 14 - 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. The key financial data for
the year ended September 30, 1992 for the above services are as follows:
Municipal Card
Service Sound
District B ride __10—tal
Operating Revenues 1_11.179,346 k340,584 $_14 619,930
Operating Expenses 11,394,292 457,563 11,851,855
Depreciation — 1,008,359 75,642 —_ 1,084,001
Total Operating Expenses 12_,402,651 533,205 12,935 856
Operating Income 1,376,695 307,379 1,684,074
Operating Grants 121,528 - 121,528
Interest Income 557,166 102,484 659,650
Interest Expense and Other
Debt Service Costs (682,602) - (682,602)
Loss on Disposition of Assets (33,947) (33,947)
Operating Transfers In 1,821,199 1,821,199
Operating Transfers Out __(I.178.699) (21 .139) ,--_(1,399,838)
Net Income L_1,7EL1,L340 L====388 2 4 L� ,2170,O64
Net Increase in as Flows J_ 1,699.717 1_363,528 $ 2.063.245
Assets ,995,997 1 3 888 565 $ 26.884.562
Long-Term Debt $ 11.064.051 =4=194
=2=843 LjIA278
=
Contributed Capital �05649 k 2,761 L 2,808,410
Fund Equity S 4,568,9683,827,464 J8,396,432
Acquisition of Property S 193.966 L 80 953 $ 274.919
C-35
MONROE COUNTY,_fJ92IQA
NOTES TO COMBINED
SEPTEMDER 30, 1992
NOTE 15 - BUDGETARY - GAAP 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 September 30, 1992 presents
comparisons of the legally adopted budget with actual data on a budgetary basis.
Because certain accounting principles applied for purposes of developing data on
a budgetary basis differ from those used to present financial statements in
conformity with GAAP, a reconciliation of resultant basis, timing and perspective
differences in the Excess of Revenues and Other Sources over Expenditures and
Other Uses for the year ended September 30, 1992 is presented as follows:
Special Debt Capital Expendable
General Revenue Service _ proLcts Trust
Excess of revenues and other sources
over (under) expenditures and other
uses - budgetary basis 1S�81 8�40) $ 1�731 096 $ 5,844 274 $15,465 90t9.884)
Adjustments:
To adjust revenues for accruals 701
To adjust revenues for mortgage
repayments recorded as a
reduction of assets (477,500)
To adjust revenues for proceeds of
tax anticipation note 360,000
To adjust expenditures for accruals (16,990) -
To adjust expenditures for repayment
of tax anticipation note (360,000)
To adjust expenditures for purchases
of land recorded as inventory 2,990,584
To record excess of revenues over (under)
expenditures for unbudgeted funds-
Board, Special Road District
Cross Key Waterway - 192
Board, Community Development Block
Grant - (174,881)
Board, Mariner's Hospital District - 1,813 -
Board, Shared County and State
Health Care Program - - 152
Board, Court Facilities Fees - 2,506
Sheriff, Safety Seat - (3,020) -
Sheriff, Federal Grant -
Sheriff Inmate Welfare - - 1,649
Total Adjustments 16 289) 2,337,1 4.307
Excess of revenues and other sources
over (under) expenditures and
other uses - GAAP basis £(9,298,129) $ 4.068,.284 $ 5.844 274 $15.465,.790 77 L5
NOTE 16 - 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.
C-36
SEPT EMBER 30-,,-1992
NOTE 16 - RETIREMENT PLAN (Continued)
The System provides for vesting of benefits after 10 years of creditable service.
Normal retirement benefits are available to employees who retire at or after age
62 with 10 or more years of service. Early retirement is available after 10
years of service with a 5% reduction of benefits for each year prior to the
normal retirement age. Retirement benefits are based upon age, average
compensation and years-of-service credit where average compensation is computed
as the average of an individual 's five highest years of earnings.
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 System's progress in accumulating sufficient assets to pay benefits
when due is presented in the System's June 30, 1991 Comprehensive Annual
Financial Report.
The amount reported below as "pension benefit obligation" is a standardized
disclosure measure of the present value of pension benefits, adjusted for the
effects of projected salary increases estimated to be payable in the future as
a result of employee service to date. The measure is the actuarial present value
of credited projected benefits and is intended to assist users in assessing the
plan's funding status on a going-concern basis, assess progress made in
accumulating sufficient assets to pay benefits when due, and make comparisons
among government pension plans and employers. The System does not conduct
separate measurements of assets and pension benefit obligations for individual
employers. The pension benefits obligation at June 30, 1991 for the System as
a whole, determined through an actuarial valuation performed as of that date, was
$33.8 billion. The System's net assets available for benefits on that date
(valued at market) were $23.4 billion, resulting in an unfunded pension benefit
obligation of $10.4 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, 16.51%, special risk employees, 26.35%, and elected
officials, 24.59%. There are no employee contributions to the plan. The
County's contributions of approximately $5,954,000 made during the year ended
September 30, 1992 were made in accordance with contribution requirements
determined by the actuarial valuation of the System as of June 30, 1991. 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,
1992 was approximately $31,142,000, with the portion attributed to employees
covered by the System being $30,220,000. The contribution tote System for the
year was approximately 19.7% of total payroll .
There were no changes in actuarial assumptions, benefit provisions, actuarial
C-37
NUELD-LOURa FIN ANiLALSTATEM-ENTS
SEPTEMBER 3001992
NOTE 16 - RETIREMENT PLAN (Continued)
funding methods or any other significant factors that affected the County's
contribution during the fiscal year ended September 30, 1992. Effective January
1, 1992 contribution rates were increased to cover future normal costs and to
amortize the unfunded liability determined as of June 30, 1991 .
NOTE 17 - INTERFUND TRANSFERS
Operating Transfers during the year ended September 30, 1992 consisted of the
following:
Operating Operating
Fund Transfers Ln Transfers Out
General Fund .22..,,.93.1..,-170 787_,_636
Special Revenue Funds:
Fine and Forfeiture - 20,869,766
Road and Bridge 21,566 46,889
Fire and Ambulance District 1 3,356 389,348
Fire and Ambulance District 5 73 186,373
Fire and Ambulance District 6 863 115,873
Translator System - 24,958
Special Road District Venetian Drive - 21,566
Planning, Building and Zoning 248,016 295,023
Parks and Recreation 17J0
— 273,874 21 .967.146
Debt Service:
1991 Sales Tax Revenue on 4.676.484 -
Capital Project:
Comprehensive Improvements 3,511
One Cent Infrastructure Surtax - 5_,520,908
3.511 ---- 5,520,968
Enterprise Fund:
Municipal Service District 1,821, 199 1,378,699
Card Sound Bridge - 21, 139
=
1,821 199 399,838
Internal Service Fund:
Worker's Compensation 13,320
Group Insurance 7,770
Risk Management 9,620
30 7 0,--J_
L2Id0§A�238 J=12j,7�062138
C-38
MONRQE CQUNIY. LRORIDA
NOTES TO COMBINEQ FINANCIAL STATEMENTS
SEPTEMBER 30, ,1992
NOTE 18 - 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 do have the duty of due
care that would be required of an ordinary prudent investor. The County believes
that it is unlikely that it will use the assets to satisfy the claims of general
creditors in the future.
NOTE 19 - 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 County's financial
condition.
NOTE 20 - COMMITMENTS AND CONTINGENCIES
Self Insurance Pro rams - The County is self-insured for losses 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,
1992, there were no material long-term liabilities for claims and judgements.
Grant Programs - 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 26, 1993 there were no
material questioned or disallowed costs as a result of grant audits in process
or completed.
C-39
ON OE—COUNRIL—EMI-DA
NOTE 3
TEMRER 30, 1992
NOTE 20 - COMMITMENTS AND CONTINGENCIES (Continued)
Arbitr4,g,9- Rebate - In accordance with the Tax Reform Act of 1986, any interest
earnings on borrowed construction funds in excess of the interest costs are
required to be rebated to the federal government. The County has estimated that
there will be no significant liability for arbitrage rebate.
Landfill Closure Escrow Funding - Pursuant to Florida Department of Environmental
Regulation Rule 17-701.076, Financial Responsibility, the County must establish
and fund a landfill management escrow account relative to its solid waste
facilities, which account is not fully funded as of September 30, 1992. A plan
has been submitted to the Florida Department of Environmental Regulation to
provide for funding the mandated landfill closure and maintenance costs. The
plan contemplates the use of the renewal and replacement funds established
pursuant to the Municipal Service District Refunding Improvement Bonds, Series
1991 and the use of other available funds. The plan is pending approval from the
Florida Department of Environmental Regulation.
Impact Fee Refunds - Unexpended or unencumbered funds arising from the collection
of impact fees may be refunded within one year following the end of the sixth
year from the date on which the impact fee was paid or within three months of the
noncommencement of construction.
NOTE 21 - SUBSEQUENT EVENTS
By resolutions adopted on January 13, 1993, the Board authorized the issuance of
$2,500,000 Refunding Improvement Revenue Bonds, Series 1993 and $4,585,000 Card
Sound Road and Bridge Improvement Revenue Bonds, Series 1993. The proceeds of
the Refunding Revenue Bonds will be used to retire the Refunding Revenue Bonds,
Series 1983 and provide more favorable repayment terms. The proceeds of the
Improvement Revenue Bonds will be used to construct improvements to the County's
Card Sound Road and Bridge Facilities.
C-40
THIS PAGE INTENTIONALLY LEFT BLANK
GENERAL FUND
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 y other fund, and its resources
finance a Crider range of activities. The resources of the General Fund are ordinarily largely
expended and replenished on an annual basis.
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERALFUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
u Bet Actu ( nava te}
Revenues:
Taxes 10,558,186 $ 10,3 ,412 (158,774)
Licenses and Permits 231,200 291,586 60,386
Intergovernmental 10,920,774 10,2 ,196 (656,578)
Charges for Services 2,643,016 4,009,687 1,366,671
Fines and Forfeitures 17,500 69,467 51,967
Interest 1,00Z555 734,866 (267,689)
Miscellaneous 262095 408,577 146,482
Total Revenues 25,E L326 26,177J91 542, 5
Expenditures:
Current:
General Government:
Board of County Commissioners 1,131,461 1,0 ,897 46,564
Insurances-Clerk Circuit Court 265,537 265,537 Insurances-Clerk to the Board 101,029 101,029Insurances-Microfilm 22,176 22,176 --
Clerk to the Board 625,223 623,375 1,848
Clerk of the Circuit Court 1,077,692 1,0 ,984 47,708
Public Records Trust Fund 15,000 4, 65 10,135
Clerk's Supplemental Planning Budget 21 21 --
Clerk of the Circuit Court-Microfilm 148,220 132,648 15,572
Clerk of the County Court 72 ,757 692,109 33,648
Clerk - Data Processing 284,371 28 ,417 94
Clerk - Electronic Recording 86,596 86, 87 9
Clerk - Domestic Releftions 49,896 49,637 259
Criminal Systems Capital Purchase 89,019 67,167 21,852
Internal Audit 88,109 76,541 11,568
C Audit Function 98,484 80,756 17,7
CountyAttorney 9 ,741 809,355 121,386
Property Appraiser 2,080,838 1,871, 77 208,961
Tax Collector 2,093,682 2,032,425 61,257
Circuit Court 48,101 356,408 51,693
County Court 66,197 59,457 6,740
Pretrial Services 295,027 286,721 8,36
State Attorney 129,040 63,248 65,792
Public Defender 186,204 171,899 14,305
Guardianship of Monroe County 41,900 41,513 387
Guardianship Evaluation 25,000 24,999 1
Supervisor of Elections 373,106 359,192 13,914
Elections 150,924 139,117 11,807
County Administrator 178,083 171,323 6,760
Information Systems 1,209,552 1,160,640 48,912
Office of Management& Budget 204,008 195,742 , 6
Management Services 45,972 42,6753,297
Purchasing 133,536 133,519 17
®1 Continue
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHAffGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Vairianee
Favorable
et Actual JVpL a��-
Per sonnel\Safety 234,656 224,476 10,180
Public Works Management 117,642 116,944 698
Public Works Garage 768,047 657,108 110,939
Public Works Correction Facilities 210,807 127,638 83,169
Public Works Facilities Maintenance 2,866,982 2,789,921 77,061
Advertising 5,000 847 4,153
Chaplin Building 38,702 37,214 1,488
Communications 262,993 243,180 19,813
Community Services Management 115,152 108,638 6,514
Pilot Residential Work Release Program 84,806 76,485 8,321
Anti Drug Abuse Pretrial 51 913 47,6 29 4284
Total General Government 18,117,202 16,950,936 1,166,266
Public Safety:
Medical Examiner 330,122 326,373 3,749
Emergency Management 321,017 273,589 47,428
Radiological Emergency Preparedness Grant 159,684 94,488 65,196
Emergency Medical Services Coordinator 155,253 133,384 21,869
Emergency Medical Services Grant 6,244 1,953 4,291
Emergency Medical Services Award Grant 211,056 211,056
Communications Project 133,998 321 133,677
Emergency Transport Vehicle Project 199,788 124,527 75,261
Emergency Medical Services Grant-Masks 5,000 5,000
Continuing Professional Education Grant 29,698 25,540 4,158
Public Safety Management 126,117 121,800 4,317
Emergency Medical Communications 17,385 11,418 5,967
911 Emergency System 156,098 148,977 7,121
Emergency Medical Air Transportation 50,000 28,980 21,020
Warning &Communication Grant 17,850 17,850
Hurricane Andrew 218,640 199,298 19,342
Sheriff 21,352,420 2_1,150,369 202 051
Total Public Safety 23490370 22,663,867 626 3
Physical Environment:
DNR Wind ley Key#13 1,750 1,750
DNR Summerland Key#1 2,770 2,770
DNR Lakes #15& #17 4,770 4,770
DNR Tavernier Creek #15 1,488 1,488
DNR Derelict Vessel-Phase 11 12,879 10,374 2,505
Lake Markers 12,800 12,800
DNR Derelict Vessel 92,800 60,5W 32,261
DNR Winn ley Key#15 - 870 870
DNR Tavemler Creek #12 1,800 1,800
DNR Duck Key#2 2,347 2,347
D-2 (Continued)
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
__ggdRet Actual nave lei
Derelict Vessel Emergency Removal 1,736 1,736 --
Wildlife Pond Aeration 1,500 934 566
Litter Grant 16 -- 1
Extension Service 120243 119,389_ 64
Total Physical Environment _ 27,771 l
_,567 36,204
Transportation:
County Engineer 73,534 63,168 10,366
Marathon Airport Operations& Mainte 148,287 140,063 8,224
Marathon Airport Noise Study 14,350 3,440 10,910
Marathon Airport Runway Safety Overrun 3,150 3,150 --
Marathon Airport Regional Impact 27,960 21,730 6,230
Marathon Airport Sewage Treatment Plant 49,914 15,675 34,239
Marathon Airport Apron & Lighting 95,213 42,154 53,059
Marathon Airport Stormwater Runoff Study 17,772 7,565 10,207
Marathon Airport Terminal-Phase 1 256,884 176,662 30,
Marathon Airport Terminal Complex 153,045 146,609 6,436
Marathon Airport Parking Lot 386,309 25,203 361,106
Key West Airport Operations& Maint. 832,297 799,931 32,366
Key West Airport Safety Zone 32,315 32,315 --
Key West Airport Noise Study 10,735 3,267 7,468
Key West Airport Apron Expansion 425 425 --
Key West Airport Beacon&Tower 7 ,092 50,151 2 ,941
Key West Airport Environmental Assessment 168,015 34,960 133,055
Key West Airport Stormwater Runoff Study 22,433 19,315 3,11
Key West Airport Federal Inspection Station 43,392 33,283 15,609
Key West Airport Terminal Renovations 46,697 32,503 14,394
Key West Airport Master Plan 5,191 5,191 --
Key West Airport Sewage Treatment Plant 21,305 10,720 10,585
Key West Airport Parking Lot 674,2D5 654831 19,374
Total Transportation 3
163 220 2,322,311 3 ,
Economic Environment:
Housing Authority\HUD 328,224 43,288 284,936
Veteran's Affairs 303,122 293,321 9,801
S - JTPA Liaison 67,786 27,206 40,580
SF - Title IIA 1,850 1,736 114
Tale 11 Incentive Award 3 3 --
SF ETC Intake 92,686 50,882 1,
Summer Youth Employment&Training 9 090 20,674 ,41
Total Economic Environment 852,761 7,11 0 415,651
D-3 (Continued)
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actu Unfavo tol
Human Services:
Public Works Animal Shelter 541,660 522,757 18,903
Baker Act Services 370,208 370,208
Mental Health 375,099 375,099
Monroe County Association for Retarded Citizens 25,000 25,000
Baker Act Transportation 78,086 60,501 17,585
Juvenile Drug Rehabilitation Program 76,000 76,000 --
Grace Jones Daycare Center 5,020 3,919 1,101
Welfare Administration 582,887 572,497 10,390
Welfare Services 852,500 799,580 52,920
Health Care Responsibility Act 32,108 24,573 7,535
Bayshore or 317,424 303,737 13,687
Senior Community Service Project-I 346,011 200,783 145,228
Senior Community Service Project-11 28,701 27,495 1,206
Transportation Title 111-B 266,439 202,157 64,282
Nutrition C-1 250,551 195,087 55,464
Nutrition C-11 227,366 181,735 45,631
CCE - In Horne Services 1,099,661 648,604 451,057
CCDA - Homemakers 227,465 136,753 90,712
Homemaker 111-13 32,733 26,340 6,393
Referral 3-B Information 27,998 21,972 6,026
Community Care for the Elderly 107,030 57,949 49,081
ADIP 51,271 33,853 17,418
Lower Keys AARP 1,500 47 1,453
Middle Keys AARP 1,500 586 914
Upper Keys AARP 1,500 793 707
Big Pine Key AARP 1,500 1,103 397
Older Americans Volunteer Program 4,000 3,888 112
Legal Aid 14,250 13,540 710
Help Line 10,500 10,500
Domestic Abuse Shelter 20,000 20,000
Hospice of the Florida Keys 50,000 50,000
Aids Help, Inc. 38,000 38,000
Big Brothers\Big Sisters 10,000 9,989 11
Handicapped Job Placement 25,000 25,000
Florida Keys Youth Club 40,000 39,617 383
Florida Keys Children Shelter 21,000 15,618 5,382
Life Center Foundation 15,000 15,000
Wesley House 12,000 12,000
Total Human Services 6,186,968 5,122,280 1,064, 8
Cu re and Recreation:
Fine Arts Council 105,000 105,000
Higgs Beach 98,498 95,570 2,928
Summer School Recreation Program 42,750 42,750
Historic Fla.Keys Preservation Board 8,550 8,550
D-4 (Continued)
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN ACTUAL
GENERAL FCONTINUED
FOR THE FISCAL F F30, 1992
Variance
Favorable
u het ActualJtlnav® !e
Monroe County Museums 53,050 24,697 28,353
Lower Matecumbe Beach244,790 199,339 45,451
Library Admin Support 324,943 321,008 3,935
Library ey West 372,440371,330 1,110
Library kmobi 35,912 33,868 2,044
Library Marathon 164,618 148,842 15,776
Library Islamorada 133,866 128,852 5,014
Library Key Largo 154,277 139,501 14,776
Library Donations 26,7 20765
°Tote! Cultural and Recreation 1 765,420 1,625, 8 1 ,1
Debt Service:
Principal Retirement 175,508 223,775 (48,267)
Interest and Fiscal Charges 26,590 36,01 ( ,461)
Total Debt Service 202,098 259, _____L57,72B}
Total Expenditures 54,0 ,810 49,6 ,165 4,432,645
Excess of RevenuesOver/
(Under) Expenditures (28,400,484) (23,425,374) 4,975,110
Other Financing Sources/(Uses):
Reserve for Contingencies (2,482,584) -- 2,482,584
Transfers from Other Funds 23, ,695 22,931,170 (618,525)
Transfers to Other Funds (787,636) _____A787, } --
Total Other Financing
Sources/(Uses) 20,279,475 22JIP,534 1,84, 5
Excess of Revenues and Other Sources
Over/(Under) Expenditures d Other Uses -
udgetary Basis (8,121,009) (1,281,840) 6,839,169
Total Adjustments -- _ (16,2 } ____Al 62891
Excess of Revenues and Other Sources
Over/(Under) Expenditures Other Uses -
GAAP asis (8,121, 09) (1,298,129) 6,82Z880
Fund Balance, October 1, 191 10,926,784 10,9 784__ ---
Fund Balance, September 30, 1 2,805,775 9,62 ,655 22 880
D-5
SPECIAL REVENUE FUNDS
CDBG HOUSING REHABILITATION FUND
To account for all revenues and expenditures for CDBG bans for the rehabilitation of love
income housing. is fund does not have a legally adopted budget.
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 an
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 Lo p T DISTRICTS
To account for the local option three cent bed tax in five district funds and an
Administrative and Promotional Fund for the operating expenCfdures of advertising, promotions
d special events of the County Tourist Development Council.
FIRE AND AMBULANCE DISTRICTS
To account for all revenues and operating expenditures ree district funds for county fire
d ambulance services.
TRANSLATOR SYSTEM SERVICESDISTRICT
To account for all revenues and operating expenditures for the county's television
translator system.
Continue
SPECIAL ROAD DISTRICTS
To account for all revenues and operating expenditures for special roads for Cross Key
Waterway Estates and Venetian Drive. Cross Key Waterway Estates Fund does not have a legally
adopted budget.
MARINERS HOSPITAL DISTRICT
To account for the operating expenditures used by the private for profit Mariners
Hospital for capital outlay. This fund does not have a all adopted budget.
UNINCORPORATED AREA SERVICES DISTRICT
To account for all revenues and operating expenditures for the unincorporated area services
district 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, sold waste, and police facilities.
UPPER KEYS HEALTH CARE SPECIALT I ISTRICT
To account for all transportation and hospitalization costs of Monroe County trauma
patients in Dade County.
SHERIFF SAFETY SEAT PROGRAM
To account for all revenue and expenditures fort safety seat program oft Sheriff's
Department. This fund does not have a legally adopted budget.
SHERIFF FEDERAL GRANT PROGRAM
To account for all revenue 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 Keys and repackage the property into
appropriate lot sizes to meet the new Density and Land Use Plan requirements. Property is also
purchased for recreational and conservational purposes.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
SEPTEMBER ® 1
Community
Development Fine as
Block & & Law
Grant Forfeiture qrid�, !,Ibrary__
ASSETS
Assets:
Cash and Investments $ 131,292 $ 5,531,711 8,998,775 $ 15,723
Accounts Receivable:
Other 10 1,860 49 --
Allowance for Other Uncollectible -- -- --
Mortgage Note Receivable 441,345
Allowance for Mortgage Receivable (186,115)
Inventory of Land for Resale --
Due from Other Funds 57 96 --
Due from Other Governmental Units -- 5B4,768 381,783 1,813
Total Assets $ 386,532 $ 6j 18 396 $ 9,380,703 $ 17536
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 122,164 $ 177,480 $ 1,444
Accrued Wages and Benefits Payable 1,107 109,150
Due to Other Funds 506,936 165,352 443
Due to Other Governmental Units
Deposits in Escrow
Deferred Revenues
Other Current Liabilities 398 --
Total Liabilities 630,605 451,982 1,887
Fund Equity:
Fund Balances:
Reserved for Encumbrances -- --
Reserved for Land Acquisition
Reserved for Inventory
Reserved for Mortgage Loans 255,230 -- --
Unreserved 131,302 5,487 791 8928721 15,649
Total Fund Equity 386,532 5, 7,791 8,928,721 15,.649
Total Liabilities and Fund Equity 386 532 6.118.396 , 9380703 $ 17536
E-1 (Continued)
MONROE ING COUNTY, FLORIDA
COMBIN BALANCE SHEET
ALL SPECIAL REVENUE FUNDS — CONTINUED
SEPTEMBER ® 1
Tourist Tourist our Tourist
Development, Development, Development, Development,
District District District District
#One #Two #Three #Four
2 Cent 2 Cent 2 Cent 2 Gent
ASSETS
Assets:
Cash and Investments $ 397,122 $ 106,446 $ 63,594 $ 110,187
Accounts Receivable:
Other 70 -- --
Allowance for Other Uncollectible --
Mortgage Note Receivable
Allowance for Mortgage Receivable
Inventory of Land for Resale --
Due from Other Funds 51,172 2,081 1,100 1,195
Due from Other Governmental Units 8,255 861 2,278 1,299
Total Assets $ 456,549 $ 109,458 $ 66,972 $ 11 2,E l
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 196,133 $ 10,516 $ 32,570 $ 39,139
Accrued Wages and Benefits Payable --
Due to Other Funds 1,498 16,591
Due to they Govemmental Units
Deposits in Escrow
Deferred Revenues
Other Current Liabilities -- -- --
Total Liabilities .. 196,133 10,516 34,068 55 730
Fund Equity:
Fund Balances:
Reserved for Encumbrances
Reserved for Land Acquisition
Reserved for inventory
Reserved for Mortgage Loans
Unreserved 260,416 98 94? 32904 56951
Total Fund Equity 260,416 98,942 32,904 56,951
Total Liabilities and Fund Equity 45 9 $ 109,,458 $ 6 .6972 $ 112,681
E-2
Tourist
Tourist Development, Tourist Tourist 'Tourist Tourist
Development, Administrative Development, Development, Development, Development,
District and District District District District.
Five Promotional Ong #Two #Three #Four
Cent 2 Cent 3 Cent 3 Cent 3 Cent 3 Gera
165,695 649,555 1,720,816 126,576 58,084 $ 333,877
1,450 16,075 8,422 652 1,444 2,965
9,392 45,767 12,682 1,322 3,500 1, 6
176,537 711, 7 1,741,920 128,552 $ 63,028
37,764 $ 419,095 $ 211,716 1 ,419 6,11052,667
29,945 68,000 -- 66 742
67,709 419,095 279,716 19,419 26,176
_ y
108,828 292,302 __I,. 2,204 109,133 6,6 5,449
106, 26 292,302 1,462,204 109,133 36,6 265p 9
176,537 71i 7 1 741,920 $ 28 ,0
E-3 (Continued)
MONROE COUNTY, FLORIDA
COMBINING
L SPECIALCONTINUED
SEPTEMBER 30, 1992
Tourist Fire And
Development, Ambulance Fire And Fire
District District #1 Ambulance Ambulance
#Five Lower and Districtt it
Cent i e Tavernier
ASSETS
Cash and Investments 441,962 2,547,735 $ 480,789738,627
Accounts Receivable:
Cher -- 1,203,779 10 --
Allowance for Other Uncollectible -- (1,02 ,589) --
Mortgage Note Receivable
Allowance for Mortgage Receivable
Inventory of Land for Resale -- -- -- --
ue from er Funds 3, 88 -- -- --
e from er Governmental Units 14,426 43,231 7,758 3,72
Total Assets 460, ,769,156 488,557 742,355
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable 62,216 $ 88,153 $ 29,517 ,87
Accrued Wages and Benefits Payable -- 102, -- 1,170
Due to Other Funds 1,30 202,728 88,574 24,760
Due to Other Governmental Units _- __ _- --
Deposits in Escrow
(erred Revenues -- 40,000 19,200 5,750
Other Current Liabilities —— —— —— --
Total iabilities 63,556 433,325 137, 1 76,550
Fund Equity:
Fund Balances:
Reserved for Encumbrances -- 8,117 ---Reserved for Land Acquisition
Reserved for Inventory
Reserved for Mortgage Loans
Unreserved 39 ,820 2,37,714 351266 665,805
Total Fund Equity 396,820 2, 831 351,266 665,805
Total Liabilities and Fund Equity 46 .376 2.769.156 $ 188,557 74 5
E-4
Unincorporated
Specialice Unincorporated
Translator Road DistrictDistrict Area Service
CrossSystem i Mariners ! ni , District
Service a i ri Hospital Building and Parks
District Estates Venetianrive District -Zoning Recreation
231,236 6,262 31,668 $ 39,391 2,637,126 $ 187,965
-- -- -® -- 6 -®
-- -- -® -- 16 --
9,265 -- -- -- 233,393 6,054
240,501 6,262 31,6 39391 ,87 ,541 1 0
$ 11,276 $ -- 28,129 465,64129,929
-- -- -- -- 192,452 19,056
5,290 -- 917 -- 232,024 20,666
40
-- -- _- _- 1,500 -_
11,527 ®-
-- -- -- -- 12 -®
16,566 29,046 93,196 69,651
223,935 6,282 2,6 39,391 1,967,345 124,368
22q,935 6,262 2,622 39,391 1967345 124,368
240 5Q1 $ 6,282 31,6689.3 1 2,870,541 194 019
E-5 (Continued)
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS -- CONTINUED
SEPTEMBER 30, 1992
Impact Fees
Impact Fees Parks and Impact Fees Impact Fees
oad ays Recreation Libraries Solid
ASSETS
Assets:
Cash and Investments 7,254,830 515,581 $ 395,960 $ 410,168
Accounts eceivable:
Other 10 -- ®® --
Allowance for Other Uncollectible -- -- --Mortgage Note Receivable —— —— —— —Allowance for Mortgage Receivable —— —— —— —Inventory of Land for Resale
Due from Other Funds --
e from Other Governmental Units --- -® 3,161 --
Total Assets 7,254,840 $ 515,581 ,121 410,168
LIABILITIES FUND EQUITY
Liabilities:
Accounts Payable $ 57,364 $ 5,016 12,759Accrued Wages and Benefits Payable -- -- --
Due to Other Funds —— —_ 2,068 ——
Due to Other Governmental UnitsDeposits in Escrow -- -- -- --
Deferred Revenues -- -® --Other Current Liabilities -- -- --
Total Liabilities 57,364 5,016 14,827 --
Fund Equity:
Fund Balances:
Reserved for Encumbrances -- -- --
Reserved for Land Acquisition -- -- -- --
Reserved for Inventory -- -- -- --
Reserved for Mortgage Loans —— —— —— —Unreserved 7,197,476 510,565 384,294 410,16
Total Fund Equity _7,197 476 510,565 34, 4 410,16
Total Liabilities and Fund 7.254.840 515.581 39 .121 _ 410.168
E-6
Upper Keys
Health a Sheriff Comprehensive
Impact Fees Special Sheriff Plan
Police Taxing seat Federal
Facilities District _ 2mr�!—M Grant AuthorityTotal
$ 355,250 $ 3,41Z701 $ 9,920 3,781,785 $ 41,888,431
1,205,794
-- -- -_ -- -- (1,025,58 )
1,726,932 ,1 ,2
(18 ,115)
-- -- -- ®- 7,315,236 7,315,236
90,733
15,451 -- 135,170 213,805 1,741,158
355 0 3,428,152 9, 20 135,170 13,0 ,75 5 ,1 ,9
,757 984 __ $ 8,695 $ -- 2,213,523
-- 3,25 -- 8,534 437,178
8,898 3,675 -- 117,941 -- 1,498,454
1,480 -® __ 2,980
-_ -_ --- _- __ 76,477
__ __ -_ -_ -_ 410
31,655 7,924 1,480 135,170 -- 4$229062
8,117
1,239,256 1,239,256
-- -- ®- -® 7,315,236 7,315,236
_- _- __ 1,726, 32 1,982,162
3 3,§aEL 3,420,228 8,440 2,756, _ ,124,09
323,595 3,420,228 8,440 -_ 13,0 ,75 , 863
$ 355,250 _ 3,428.152 $ 9,920 $ 135,170 $ 13.037.758 $ .197.92i
—7
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Community
Development Fine Road
Block & & Law
Grant Forfeiture Brid: Libr
Revenues:
Taxes $ -- $ 20,967,346 $ 1,483,227 $ --
Licenses&Permits -- -- --
Intergovernmental -- 346,354 2,672,321 --
Charges for Services -- 132,495 6,456 --
Fines&Forfeitures -- 2,018,409 -- 20,521
Interest 11,234 285,280 372,867 428
Miscellaneous -- 13,574 55,720 207
Total Revenues 11,234 23,763,458 4,590,591 21,156
Expenditures:
Current:
General Government -- 793,542 -- 17,073
Public Safety -- 2,256,051 -- --
Physical Environment -- -- --
Transportation -- -- 3,437,265 --
Economic Environment 186,115 -- -- --
Human Services —— —— —— ——
Culture and Recreation -- -- -- --
Debt Service -- -- -- --
Total Expenditures 186j 15 3,049,593 3,437,265 17,073
Excess of Revenues Over/
(Under) Expenditures (174,881) 20,713,865 1,153,326 4,083
Other Financing Sources/(Uses):
Transfers from Other Funds -- -- 21,566 --
Transfers to Other Funds -- (20,869,766) (46,889) --
Total Other Financing Sources/(Uses) -- (20,869,766) (25,323) --
E)cess of Revenues and Other Sources Over/
(Under) Expenditures &Other Uses (174,881) (155,901) 1,128,003 4,083
Fund Balance, October 1, 1991 561,413 5,6431692 7,800,718 11,566
Fund Balance, September 30, 1992 $ 386,532 $ 5,487,791 $ 8,928.721 $ 15,649
E-8
Tourist
Tourist Tourist Tourist Tourist Tourist Development,
Development, Development, Development, Development, Development, Administrative
District District District District District and
#One #Two #Three #Four #Rve Promotional
2 Cent 2 Cent 2 Cent 2 Cent 2 Cent 2 Cent
$ 742,931 $ 67,848 $ 168,839 $ 186,024 $ 231,135 $ 2,894,397
8,373 766 1,906 2,097 2,582 32,581
14,742 4,354 1,732 4,362 5,785 22,687
11 201 42 84 173 705
... 766057 73,1669 172,519 192 7 239 5 2,950370
824,008 61,879 186,185 219,974 223,829 3,151,214
824,008 61,879 186,135 219,974 223829 3 151,221141
(57,2§1) .....1_1,290 (13,666) ( 7,407) 15,846 (200,844)
(57,951) 11,290 (13,666) (27,407) 15,846 (200,844)
316,367 87,652 46,570 84,3 58 92,982 493,146
260A16 $ 9%942 $ 32 904 $ 56951 $ 1088828 $ 292302
E-9 (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, 1992
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 $ 1,141,215 $ 104,222 $ 259,353 $ 285,751
Licenses&Permits -- -- --Intergovernmental -- -- -- --
Charges for Services 12,861 1,176 2,927 3,222
Ines& Forfeitures -- --
Interest 74,458 5,951 3,014 20,817
Miscellaneous -- -- -- 307
Total Revenues 1,228,534 111,349 265,294 310,097
Expenditures:
Trent:
General Government -- -- -- --
Public Safety -® -- -- --
Physica!Environment -- -- --Transportation —— —— —— --
Economic nvironment 1,121,280 134,790 286,874 492,546
Human ervices -- -- -- --
Culture and Recreation -- -- --Debt Service —— —— —— --
Total Expenditures 1,121,280 134,790 286,874 492,546
Excess of RevenuesOver/
(Linder) Expenditures 107,254 (23,441) (21,580) (182,449)
Other Financing Sources/(Uses):
Transfers from Other Funds --
Transfers to Other Funds -- -- -- --
Total Other Financing ourc /(Us ) -- -- -- --
Excessof Revenues and Other Sources Over/
(Under) Expenditures t r Uses 107,254 (23,441) (21,580) (182,449)
Fund Balance, October 1, 1991 1,354,90 132,574 58 432 467,898
Fund Balance, September 30, 1 1.46 1 .1 285.449
E-10
Tourist Firs And Special
Development, Ambulance Fire And Firs And Translator Road District
District District #1 Ambulance Ambulance SystemCross
#Five Lower and District #5 District #6 Service Waterway
Cent Middle KeysTavernier y Laroo District_ Estates
355,046 3,025,519 597,025 285,181 670, —_
--_ ,5 50 3,659 13 --
3, 66 446,505 7,647 3,059 9,177 ®_
25,079 128,279 34,429 44,614 20,012 192
2 _ _ 2 _ 677 -- --
334, 1 3,6 316 639 03 337,390 ,710 192
—_ 146,354 25,151 26,205 -- --
®-_ 2,8 0,616 453,035 425,636
52 ,03
-_ _— -- -- 610,829 --
__ __ 24,030 —_
56, 3 2,996, 70 473,136 451,841634,859
(141,962) 632,846 161,217 014, 1) 64,3 1 192
-- (389,348) (186,373) ____.._. 115 3 (24,958) --
—— (385,992) (136, _ 0) 11 01 � (24,958) ——
(141,962) 246,854 (25,083) (229,461) 39,893 192
_538,782 2,053,977 376,349 895,266 194, 2 6090
396,620 2,335,631 $ 351, 6 $ 66 , 5 $ U3,M 6,232
E-11 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL SPECIAL REVENUE FUNDS — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Unincorporated
Area Service Unincorporated
District Area Service
Special Mariners Planning, District
Road District Hospital Building and Parks and
Venetian Drive District in reation
Revenues:
Taxes $ $ 4 2,673,122 $ 446,620
Licenses&Permits 1,993,250 --
Intergovernmental 298,742 621
Charges for Services 34,076 19,464
Fines& Forfeitures 41,867
Interest 2,622 1,809 108,389 32,604
Miscellaneous — 14,050 6,183
Total Revenues 2,622 1 4,813 5,163 96 505,492
Expenditures:
Current:
General Government 2,750,372
Public Safety 2,095,834
Physical Environment 417,083
Transportation 33,911
Economic Environment
Human Services --
Culture and Recreation 502,526
Debt Service -- --
Total Expenditures 33,911 5,263289 502526
Excess of Revenues Over/
(Under) Expenditures (31,289) 1,813 __P9,7931 2966
Other Financing Sources/(Uses):
Transfers from they Funds -- 248,016
Transfers to Other Funds (21,566) 023 (17,350}
Total that Financing Sources/(Uses) _A21,5661 ®- (47 007 (17,350)
Ecess of Revenues and Other Sources Over/
(Under) Expenditures & Other Uses (52,655) 1,813 (146,800) (14,384)
Fund Balance, October 1, 1991 55477 37,578 2,114,145 138,752
Fund Balance, September 30, 1992 $ -------2,622 $ 39.391_ $ 1,)67345 124,368
E-12
Upper Keys
Health
Impact Fees Impact Fees Special
Impact Fees Parks and Impact Fees Impact Fees PoliceTaxing
RqadyvSys Recreation Libraries Solid Waste Facilities District
_ ® _ __ __ 1,210,332
15,295
313,085 22,918 21,972 18,995 15,284 144,252
904,108 66,470 123, 7 47,849 65,845 113
1,217,193 89, 145, 9 66,3 81,1 1,369,992
__ __ --- 57,274
--_ 50,287 --
-- 29,665 __ _®
130,108 __ e_ __
__ __ __ -- 187,066
39,667 192,953 __ __ -_
130,108 9,667 192,953 29,665 50,287 244,340
1,087,085 49,721 ( 7,624) 37179 30,8421,125,652
1,087,085 49,721 (47,624) 37,179 30,842 1,1 5,652
6,110,391 460, 1, 1 37 2,7 2, 4,57 _
7.197.47 51 384294 410,168 $ 323,595 3,420228
_13 (Continued)
MONROE COUNTY, FLORIDA
COMBINING T E T OF REVENUES, EXPENDITURES
CHANGESIN FUND BALANCE
L SPECIAL REVENUE FCONTINUED
FOR THE FISCAL YEAR ENDED ,
Sheriff mprehen v
Safety Sheriff
Seal Federal
Proararn GrantAuthority Total
Revenues:
Taxes ®— —— — 37,795,645
Licenses& Permits ®- ®- -_ 1,993,250
Intergovernmental 613,731 1,525,772 5,487,879
Charges for Services —— —— —— 746,631
Fines& Forfeitures -- -- - — 2,080,797
Interest - - —— 191,347 1,953,793
Miscellaneous 1,823 -- 157,300 1, 1,
Total Revenues 1,823 613,731 1,874,419 51,5519943
Expenditures:
Trent:
General Govemment -- 172,533 3,988,504
Public Safety 4,843 613,731 8,750,033
Physical Environment -- -- 446,748
Transportation -- -- -- 3,601,284
Economic Environment -- -- -- 7,414,747
Human Services —— —— —— 187,066
Culture and Recreation -- -- -- 1,345,975
Debt Service —— —— —— 24030
Total Expenditures 4,843 613,731 172, ___?5,7§§,387
Excess of Revenues Over/
(under) Expenditures (3, 20) -- 1,701,886 25,731556
Other Financing Sources/(uses):
Transfers from ther Funds -- -- -- 273,874
Transfers to Other Funds —_ _® —_ (21,967,146)
Total Other Financing Sources/(Uses) -- -- -- __A21,§21,272
Excess of Revenues and Other SourcesOver/
(under) Expenditures &Other uses (3,020) -- 1,701,886 4,068,284
Fund Balance, October 1, 1991 11,460 11,335,872 , , 7
Fund Balance, September 30, 1992 8. -- 13. ,75
E-14
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, 1992
Variance
Favorable
Actuallle
Revenues:
Taxes $ 21,702,562 $ 20,967,346 (735,216)
Intergovernmental 163,000 346,354 183,354
Charges for Services 102,000 132,495 30,495
Fines and Forfeitures 1,506,000 2,018,409 512,409
Interest 400,000 285,2B0 (114,720)
Miscellaneous 3,0 13,574 10574
Total Revenues 23,876,562 23763458 1131
Expenditures:
Current:
General Government:
Witness Fees 793,550 793,542 8
Public Safety:
Sheriff's Other 1,754,970 1,753,770 1,200
LEEA Funds 75,000 75,000
Jail Operations 742,433 427,2BI 315,152
Total Public Safety 2,572,403 2,256,051 316,352
Total Expenditures 3,365,953 3,049,593 316,360
Excess of Revenues Over/
(Under) Expenditures 20,510,609 20,713,865 _?Q3,256
Other Financing Sources (Uses):
Transfers to Other Funds (21,232,420) (20,869,766) 362,654
Reserve for Contingencies (?,�10,604) 216102604
Total Other Financing Sources/(Uses) I23,843 0241 69,76�6 2,973258
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (3,332,415) (155,901) 3,176,514
Fund Balance, October 1, 1991 5,643,692_ 5,643,692 —----- _—
Fund Balance, September 30, 1992 $ 2,311,277 $ 5 $ 3,176,514�487791� _
E-15
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE -- BUDGET AND ACTUAL
ROAD AND BRIDGE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
u get Actual ( n v lea
Revenues:
Taxes 1,875,594 1,483,227 (392,367)
lntergovern mental 2,255,200 2,67Z321 417,121
Charges for Services 6,456 6,456
Interest 370,000 372,867 2,867
Miscellaneous 65,0 5527 9 1 NO
Total Revenues 4,565,814 4�590,51 24,777
Expenditures:
Current:
Transportation:
Hurricane Andrew 97,700 63,077 34,623
Road Department 1,870,830 1,499,472 371,358
Boot Key Bridge 137,263 119,255 18,008
Transportation 290,344 17,716 122,628
County Engineer 581,696 507,110 74,586
Local Option Gas Tax:
Road Department, Operating 204,130 110,183 93,947
Street Lighting 328,519 220,973 107,546
Local Option GasT Projects 1,96,563 38,808 1,887,75
80% Gas Tax 5th &6th Cent Projects 4,915,730 449,0684,466,662
In-house Projects 250,000 224,567 25,433
County Traffic Studies 22,700 19,536 3,164
-Striper 17,500 17500 --
Total Expenditures 10,642,975 3,437,265 ____T,205,710
Excess of Revenues Over/
(tinder) Expenditures (3,077,161) 1,153,326 7,2 7
Other Financing Sources/(Uses):
Reserve for Contingencies (145,568) -® 145,568
Transfers from Other Funds 21,566 21,566Transfers to Other Funds (46,889) (46,889) --
Total Other Financing Sources/(Uses) 170, 1 (25,323) 145,568
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other lases (6,248,052) 1,128,003 7,376,055
Fund Balance, October 1, 1991 7,800,718 718001718
Fund Balance, September 30, 1 1.552,666 .92 .721 7,37 .055
E-16
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, 1992
Variance
Favorable
--PY42-e—t Actual Unfavorable)
Revenues:
Fines and Forfeitures $ 18,000 $ 20,521 2,521
Interest 30 428 398
Miscellaneous -- 207 207
Total Revenues 18,030 21,1 3126
Expenditures:
Current:
General Government:
Operations 17 841 7 768
Excess of Revenues Over/
(Under) Expenditures 189 4,083 3,894
Other Financing Sources/(Uses):
Reserve for Contingencies 7,645
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (7,456) 4,083 11,539
Fund Balance, October 1, 1991 11,566 11,566
Fund Balance, September 30, 1992 $ 4,110 �15 649 $ 11,539
E-17
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGES IN FUND
TOURIST DEVELOPMENT, T6 DISTRICT ONE SPECIALFUND
FOR THE FISCAL SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 754,701 $ 742,931 $ (11,770)
Charges for Services —— 8,373 8,373
Interest 16,574 14,742 (1,832)
Miscellaneous —— 11 11
Total Revenues 771,275 766,057 5 218
Expenditures:
Current:
Economic Environment:
Events 619,839 489,436 130,403
Cultural Umbrella 199,500 162,263 37,237
Fishing Umbrella 231,420 172,309 59,111
Total Expenditures 1,050,759 824,008 226,751
Excess of Revenues Over/
(Under) Expenditures (279,484) (57,951) 221,533
Fund Balance, October 1, 1991 318,367 318,367 --
Fund Balance, September 30, 1992 $ 38.883 $ _ 260,416 $ 221.533
E-18
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDrrURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
TOURIST DEVELOPMENT,TWO CENT, DISTRICT TWO SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Bud et Actual 199!T le)
Revenues:
Taxes $ 66,197 67,848 1,651
Charges for Services -- 766 766
Interest 4,416 4,354 (62)
Miscellaneous -- 201 201
Total Revenues 70613 73,169 2,556
Expenditures:
Current:
Economic Environment:
Events 116,889 31,337 85,552
Cultural Umbrella 17,500 14,842 2,658
Fishing Umbrella 20,300 15,700 4,600
Total Expenditures 154,689 61,879 92,810
Excess of Revenues Over/
(Under) Expenditures (84,076) 11,290 95,366
Fund Balance, October 1, 1991 87,652 87,652 --
Fund Balance, September 30, 1992 ,576 $ 98.942 $ 95,366
E-19
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGES IN T AND ACTUAL
TOURIST L T, TWO CENT, DISTRICT THREE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 170,187 $ 168,839 $ (1,348)
Charges for Services -- 1,906 1,906
Interest 1,071 1,732 661
Miscellaneous —— 42 42
Total Revenues 171,258 172,519 1,261
Expenditures:
Current:
Economic Environment:
Events 118,455 110,425 8,030
Cultural Umbrella 42,000 36,882 5,118
Fishing Umbrella 48,720 38,878 9,842
Total Expenditures 209,175 186,185 22,990
Excess of Revenues Over/
(Under) Expenditures (37,917) (13,666) 24,251
Fund Balance, October 1, 1991 46,570 46,570 --
Fund Balance, September 30, 1992 $ 8,653 $ 32,904 $ 24,251
E-20
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, 1992
Variance
Favorable
udg,q c r 1 bte}
Revenues:
Taxes $ 189,815 186,024 (3,791)
Charges for Services -- 2,097 2,097
Interest 4,298 4,362 64
Miscellaneous 84 -- 84
Total Revenues 194LI 13 192,567 4q
_ILL
Expenditures:
Current:
Economic Environment:
Events 177,955 136,433 41,522
Cultural Umbrella 42,000 40,629 1,371
Fishing Umbrella 48,720 42,912 5,808
Total Expenditures 268,675 219,974 48,701
Excess of Revenues Over/
(Under) Expenditures (74,562) (27,407) 47,155
Fund Balance, October 1, 1991 84,358 84,358 --
Fund Balance, September 30, 1992 9,796 $ 56,951 47.1
E-21
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGESIN F - BUDGET AND ACTUAL
TOURIST EV L E T,TWO CENT, DISTRICT FIVE SPECIAL
FOR THE FISCAL , 1 9
Variance
Favorable
—_Bud_ t Actual (Unfavorable)
Revenues:
Taxes $ 236,134 $ 231,135 $ (4,999)
Charges for Services -- 2,582 2,582
Interest 4,989 5,785 796
Miscellaneous -- 173 173
Total Revenues 241,123 239,675 (1,448)
Expenditures:
Current:
Economic Environment:
Events 215,921 121,683 94,238
Cultural Umbrella 49,191 49,191 --
Fishing Umbrella 56,840 52,955 3,885
Total Expenditures 321,952 223,829 98,123
Excess of Revenues Over/
(Under) Expenditures (80,829) 15,846 96,675
Fund Balance, October 1, 1991 92,982 92,982 --
Fund Balance, September30, 1992 $ 12,153 $ 108,828 $ 96,675
E-22
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, 1992
Variance
Favorable
Budg2t Actual (fin o b lej
L_ra_
Revenues:
Taxes $ 2,936,373 $ 2,894,397 (41,976)
Charges for Services 32,581 32,581
Interest 16,279 22,687 6,408
Miscellaneous — 705 705
Total Revenues 2,952,652_ 2950370 (2,26
Expenditures:
Current:
Economic Environment:
Advertising and Promotion 3,005,968 2,879,716 126,252
Administrative Services 291,402 271,498 19,904
Total Expenditures 3,297,370 3,151,214 146,156
Excess of Revenues Over/
(Under) Expenditures (344,718) (200,844) 143,874
Fund Balance, October 1, 1991 493,146 493,146 --
Fund Balance, September 30, 1992 $ �148 428 $ �292 302 1 4
E-23
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, 1992
Variance
Favorable
Budget Actual (Unfavarabte)
Revenues:
Taxes $ 1,159,295 $ 1,141,215 $ (18,080)
Charges for Services —— 12,861 12,861
Interest 77,484 74,458 (3,026)
Total Revenues 1,236,779 1,228,534 (8,245)
Expenditures:
Current:
Economic Environment:
TDC Administrative 40,303 29,491 10,812
Tourist Information Services 135,627 106,587 29,040
Bricks and Mortar 1,500,956 341,121 1,159,835
Special Events 281,685 148,529 133,156
Promotion and Advertising 569,512 495,552 73,960
Total Expenditures 2,528,083 1,121,280 1,406,803
Excess of Revenues Over/
(Under) Expenditures (1,291,304) 107,254 1,398,558
Fund Balance, October 1, 1991 1,354,950 1,354,950 --
Fund Balance, September30, 1992 $ _, 63,646 $ 1,462,204 $ 1,398,558
E-24
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
TOURIST DEVELOPMENT, THREE CENT, DISTRICT IWO SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Vadanee
Favorable
ud et Actual
Revenues:
Taxes $ 101,684 104,222 $ 2,538
Charges for Services 1,176 1,176
Interest 6,689 5,951
Total Revenues 108 373 111,349 2976
Expenditures:
Current:
Economic Environment:
TDC Administrative 3,161 2,697 464
Tourist Information Services 53,000 53,000
Bricks and Mortar 99,744 99,744
Promotion and Advertising 79,531 79,093 438
Special Events 93 93
Total Expenditures 235,529 134,790 100,739
Excess of Revenues Over/
(Under) Expenditures (127,156) (23,441) 103,715
Fund Balance, October 1, 1991 132,574 132,574
Fund Balance, September 30, 1992 5,418 109,133 $ 103.715
J_
E-25
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 SEPTEMBER 30, 1992
Variance
Favorable
u qetActual (Unfavorable)
Revenues:
Taxes 261,424 $ 259,353 (2,071)
Charges for Services ®® 2,927 2,927
Interest 2,502 3,014 512
Total Revenues 263,926 265, 94 1,368
Expenditures:
Current:
Economic Environment:
C Administrative 7,77 6,712 1,085
Tourist Information Services 107,700 107,234 466
Bricks and Mortar 40,425 24,551 15,674
Promotion and Advertising130,465 128,377 2,08
Special Events 22,775 20,000 2,775
Total Expenditures 309,162 286,874 22,288
Excess of RevenuesOver/
(Under) Expenditures (45,236) (21,580) 23,656
Fund Balance, October 1, 191 58,432 58,432 --
Fund Balance, September 30, 1 13,196 $ 36,852 23,656
E-26
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, 1992
Variance
Favorable
Budoet Actual jqn!av� ale)
Revenues:
Taxes $ 291,575 $ 285,751 (5,824)
Charges for Services -- 3,222 3,222
Interest 25,237 20,817 (4,420)
Miscellaneous -- 307 307
Total Revenues .316,812 _.310.097 715
Expenditures:
Current:
Economic Environment:
3rd Cent Program 14,635 14,635
TDC Administrative 8,189 7,388 801
Tourist Information Services 83,500 82,746 754
Bricks and Mortar 18,000 -- 18,000
Special Events 60,600 40,260 20,340
Promotion and Advertising 583,945 362,152 221,793
Total Expenditures 768,869 492,546 276,323
Excess of Revenues Over/
(Under) Expenditures (452,057) (182,449) 269,608
Fund Balance, October 1, 1991 467,898 A§7 898
Fund Balance, September 30, 1992 15,841 285 449 269608
E-27
MONROE COUNTY, FLORIDA
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 SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual Unfavorable)
Revenues:
Taxes $ 362,725 $ 355,046 $ (7,679)
Charges for Services -- 3,966 3,966
Interest 29,597 25,079 (4,518)
Total Revenues 392,322 384,091 (81231)
Expenditures:
Current:
Economic Environment:
3rd Cent Program 39,493 -- 39,493
TDC Administrative 9,094 9,094 --
Tourist Information Services 181,000 96,000 85,000
Bricks and Mortar 208,902 14,526 194,376
Special Events 74,000 23,880 50,120
Promotion and Advertising 399,000 382,553 16,447
Total Expenditures 911,489 526,053 385,436
Excess of Revenues Over/
(Under) Expenditures (519,167) (141,962) 377,205
Fund Balance, October 1, 1991 538,782 538,782 --
Fund Balance, September 30, 1992 $ . 19,615 $ 396,820 $ 377,205
E-28
MONROE COUNTY, FLORIDA
STATEMENT 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, 1992
Variance
Favorable
_—AM49—et Actual — jPpfR ®rable
Revenues:
Taxes $ 3,146,729 $ 3,025,519 $ (121,210)
Intergovernmental 20,318 26,586 6,268
Charges for Services 320,000 446,505 126,505
Interest 140,000 128,279 (11,721)
Miscellaneous 725 2 927 2,202
Total Revenues 3627772 044,629 16 2
Expenditures:
Current:
General Government:
Commissions and Fees 167,500 146,354 21,146
Public Safety.
Hurricane Andrew 27,400 16,692 10,708
Fire Rescue, Dist—Lower& Middle Keys 2,403,415 890,954 1,51 Z461
Ambulance, Dist—Lower& Middle Keys 1,943,073 1,942,970 103
Total Public Safety 4,373,888 2,850,616 1,523,272
Total Expenditures 4,541,388 2,996,970 1,644,418
Excess of Revenues Over/
(Under) Expenditures (913,616) 632,846 1,546 462
Other Financing Sources/(Uses):
Reserve for Contingencies (316,354) 316,354
Transfers from Other Funds 3,356 3,356
Transfers to Other Funds (389,667) (q89�348 319
Total Other Financing Sources/(Uses) (Z 2�665 (385,992) 316,673
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (1,616,281) 246,854 1,863,135
Fund Balance, October 1, 1991 2,088,977 2,088 977
Fund Balance, September 30, 1992 $ 472,696 $ 2.335,831 $ j 863,135
E-29
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, 1992
FavorableVariance
u _ Actual (Un o Ie)
Revenues:
Taxes 615,170 597,025 (18,145)
Intergovernmental 80 80 Charges for Services ®® 7,647 7,647
Interest 30,000 ,44,429
Miscellaneous 185 222 37
Total Revenues 645,435 __639,403 6,032)
Expenditures:
Trent:
General Government:
missions and Fees 28,000 25,151 2,849
Public Safety:
Tavernier Volunteer Ambulance 174,391 133,492 40,899
Tavernier Volunteer Fire Dept. 486,971 319,543 167,428
Total Public Safety 661,362 453,035 208,327
Total Expenditures 689,362 478,186 211,176
Excess of RevenuesOver/(Under) Expenditures (43,927) 161,217 205,144
Other Financing Sources/(Uses):
Reserve for Contingencies (43,207) 43,207
Transfers to Other Funds (19 , 41) (186,373) 3,86
Transfers from ther Funds 73 73 ®—
Total Other Financing Sources/(Uses) (233,375) (186,300) 47,07
Excess of Revenues and Other SourcesOver/
(Under) Expenditures and Other Uses (277,302) (25,083) 252,219
Fund Balance, October 1, 191 376,349 376349 --
Fund Balance, September 30, 1 2 99, 47 351,266 252,21
E-30
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, 1992
Variance
Favorable
u getActual - (U n f Lo�bl e
Revenues:
Taxes 295,546 285,181 $ (10,365)
Intergovernmental 3,659 3,659
Charges for Services 3,059 3,059
Interest 49,147 44,814 (4,333)
Miscellaneous - 677 677
Total Revenues 348352 337,390 ,962
Expenditures:
Current:
General Government:
Commissions and Fees 27,000 26,205 795
Public Safety:
Key Largo Volunteer Ambulance 307,496 194,459 113,037
EMS Matching Grant 376 376 --
System Evaluation/Quality Assurance 10,281 10,281 --
Key Largo Volunteer Fire Dept. 576,077 220,520 355,557
Total Public Safety 894,230 4.25,636 468,594
Total Expenditures 921,230. 451,841 469,389
Excess of Revenues Over/(Under) Expenditures (572,878) 011,4511 458,427
Other Financing Sources/(Uses):
Reserve for Contingencies (103,496) 103,496
Transfers to Other Funds (115,983) (115,873) 110
Transfers from Other Funds 863 863 --
Total Other Financing Sources/(Uses) (218,616) ____1115,0101 103,606
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (791,494) (229,461) 562,033
Fund Balance, October 1, 1991 - 895,266 895
Fund Balance, September 30, 1992 $ 103.772 $ 665,805 $ 562,033
E-31
COUNTY,MONROE FLORIDA
SCHEDULE F REVENUES, EXPENDITURES
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TRANSLATOR YSTEM SERVICE DISTRICT SPECIAL
FOR THE FISCAL ,
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 696,124 $ 670,508 $ (25,616)
Intergovernmental -- 13 13
Charges for Services -- 9,177 9,177
Interest 25,000 20,012 (4,988)
Total Revenues 721,124 699,710 (21,414)
Expenditures:
Current:
Culture creation:
Translator Operations 328,804 286,893 41,911
Translator Upgrade 360,000 323936 36,064
Total Culture and Recreation 688,804 610,829 77,975
Debt Service:
Principal 360,000 360,000 --
Interest 36,000 24,030 11,970
Total Debt Service 396,000 384,030 11, 70
Total Expenditures 1,084,804 994,859 89,945
Excess of Revenues Over/(Under) Expenditures (363,680) _____A295,14 ) 68,631
Other Financing Sources (Uses):
Reserve for Contingencies (100,000) -- 100,000
Transfers to Other Funds (24,958) (24,958) --
Proceeds from Tax AnticipationNote 360,000 360,000 --
Total Other Financing Sources/(Uses) 235,042 335,042100,000
Excess of Revenues and Other
SourcesOver/(Under)Expenditures and
Other Uses-Budgetary Basis 028,638) 39,893 168,531
Adjustment for Receipt of Tax Anticipation Note (360,000) (360,000)
--
Adjustment for Repayment of Tax Anticipation Note 360,000 360,000 -
Total Adjustment
w
E-32 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — B U DGET AND ACTUAL
TRANSLATOR SYSTEM SERVICE DISTRICT SPECIAL REVENUE FUND — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Actual
Excess of Revenues and Other
Sources Over/(Under) Expenditures and
Other Uses—GAAP Basis (128,638) 39,893 168,531
can Balance, October 1, 1991 184 042 184,042
Fund Balance, September 30, 1992 $ 55 404 $ Z2 168531
E-33
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, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest $ —— $ 2,622 $ 2,622
Expenditures:
Current:
Transportation:
Venetian Drive Refunds 33,911 33,911 --
Excess of Revenues Over/(Under) Expenditures (33,911) 31 289 2,622
Other Financing Sources/(Uses):
Transfers to Other Funds (21,566) (21,566)
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (55,477) (52.855) 2,622
Fund Balance, October 1, 1991 55,477 55,477 --
Fund Balance, September 30, 1992 $ -- $ 2,622 $ 2,622
E-34
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, 1992
Variance
Favorable
get Actual - JPnfavoM!L1eL
Revenues:
Taxes $ 2,776,091 $ 2,673,122 $ (102,969)
Licenses and Permits 1,490,000 1,993,250 503,250
Intergovernmental 466,080 298,742 (167,338)
Charges for Services 34,076 34,076
Fines and Forfeitures 10,000 41,867 31,867
Interest 138,000 108,389 (29,611)
Miscellaneous 6,000 14,0 8,050
Total Revenues 4,886117.1... 5,163,496 277,325
Expencrdores:
Current:
General Government:
Planning and Zoning 2,470,790 2,343,691 127,099
Planning Commission 64,321 61,607 2,714
Commissions and Fees 139,000 125,998 13,002
Planning and Building Refunds 44,000 25,331 18,669
Growth Management 178,529 173,745 4,784
Long Range Traffic Study 65,000 20,000 454000
Total General Government 2,961,640 2,750,372 211,268
Public Safety:
Hurricane Andrew 71,000 39,348 31,652
Building Department 1,263,794 1,213,664 50,130
Code Enforcement 535,964 52Z414 13,550
Fire Marshal 336,977 31902 17,715
Hazardous Material Plan 1,186 1,146 40
Total Public Safety 2208921 2,095,834 113,087
Physical Environment:
Environmental Resources 202,509 164,303 38,206
South Fl Water Management-Stormwater 90,000 36,126 53,874
DCA - Land Development Regulations 15,682 15,682
ADID Project (Florida Keys) 85,773 -- 85,773
Marine Resources 97,583 83,775 13,808
Eutrophication Grant 48,000 48,000 --
Boater Impact Management Plan 75,000 22,223 52,777
DNR/Water Quali onitorin 75,_ 0 46 28,O 26 QO_ ,974
Total Physical Environment 689,547 417,083 272#464
E-35 (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, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Total Expenditures 5,860,108_ 5,263,289 596,819
Excess of Revenues Over/
(Under) Expenditures 973 937 __(99,793) 874,144
Other Financing Sources/(Uses):
Reserve for Contingencies (446,651) -- 446,651
Transfers to Other Funds (295,023) (295,023) --
Transfers from Other Funds 248,016 248,016 --
Total Other Financing Sources/(Uses) (493,658) (47,007) 446,651
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other Uses (1,467,595) (146,800) 1,320,795
Fund Balance, October 1, 1991 2,114,145 2,114,145 --
Fund Balance, September30, 1992 $ 646,550 $ 1,967,345 $ 1,320,795
E-36
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
UNINCORPORATED AREA SERVICE DISTRICT — PARKS AND RECREAT`ION
SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
BudQet Actual pn!@Y2!Rlei
Revenues:
Taxes $ 463,580 446,620 $ (16,960)
Inter govemmental -- 621 621
Charges for Services 4,500 19,464 14,964
Interest 36,000 32,604 (3,3"
Miscellaneous 6,000 .. 6_J83 183
Total Revenues 510,030 505492 8q
Expenditures:
Current:
Culture and Recreation:
Summer School Recreation Program 60,739 52,255 8,484
Parks& Beaches Unincorporated 467,825 402,271 65,554
Pigeon Key 54,139 48,000 6,139
Total Expenditures 582,703 502,526 80,177
Excess of Revenues Over/(Under) Expenditures V2,623 2,966 75,589
Other Financing Sources (Uses):
Reserve for Contingencies (23,275) 23,275
Transfer to Other Funds (17,350) (17,350)
Total Other Financing Sources (Uses) (40,625) _.2�3,275
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (113,248) (14,384) 98,864
Fund Balance, October 1, 1991 138752 _138 752 --
Fund Balance, September 30, 1992 $ 25,5 124,368 $ 98,864
E-37
MONROE COUNTY, FLORIDA
STATEMENTf
CHANGES IN
lSPECIAL
FOR THE FISCAL ,
Variance
Favorable
udaqt Actual (Unfavorable)
Revenues:
Interest $ —— $ 313,085 $ 313,085
Miscellaneous 170,815 904,108 733,293
Total Revenues 170,815 1,217,193 1,046,378
Expenditures:
Current:
Transportation:
Fair Share Improvement County Wide 5,550,000 126,888 5,423,112
Fair Share Improvement Dist 1 21,530 3,220 18,310
Fair Share Improvement Dist 2 67,035 -- 67,035
Fair Share Improvement Dist 3 48,000 -- 48,000
Total Expenditures 5,686,565 130,108 5,556,457
Excess of Revenues Over/
(Under) Expenditures (5,515,750) 1,087,085 6,602,835
Fund Balance, October 1, 1991 6,110,391 6,110,391 --
Fund Balance, September 30, 1992 $ 594,641 $ 7.197.476 $ 6,602,835
E-38
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, 1992
Variance
Favorable
Budqet Actual jq�nfay2Mble
Revenues:
Interest $ -- 22,918 22,918
Miscellaneous 47,450_ 66,470 191020
Total Revenues 47 450 89,388 41,938
Expenditures:
Current:
Culture and Recreation:
Fair Share Improvement Dist 1 34,950 4,551 30,399
Fair Share Improvement Dist 2 15,100 5,000 10,100
Fair Share Improvement Dist 3 60,000 30,116 29,884
Total Expenditures 110,050 39,667 70,383
Excess of Revenues Over/
(Under) Expenditures (62,600) 49,721 112,321
Fund Balance, October 1, 1991 460,844 460,844 --
Fund Balance, September 30, 1992 $ �398 244 �51 0 565 $ 112321
E-39
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, 1992
Variance
Favorable
Budget Actual (Unfavorable}
Revenues:
Interest $ -- $ 21,972 $ 21,972
Miscellaneous 10,000 1239357 113,357
Total Revenues 10,000 145,329 135,329
Expenditures:
Current:
Culture and creation.
Fair Share Improvement Dist 1 160,2B8 157,144 3,144
Fair Share Improvement Dist 2 23,104 7,933 15,11
Fair Share Improvement Dist 3 59,785 27,376 ,909
Total Expenditures 243,177 192,953 50,224
Excess of Revenues Over/
(Under) Expenditures (233,177) (47,624) 185,553
Fund Balance, October 1, 1991 431,918 431,918 --
Fund Balance, September 30, 1992 13,741 384,294 185.553
E—40
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, 1992
Variance
Favorable
Actual (Un vorable)__
Revenues:
Interest $ -- 18,995 1%995
Miscellaneous 10 36969
-------------- 880 47
Total Revenues 10,880 66,3 55964
Expenditures:
Current:
Physical Environment:
Fair Share Improvement County Wide 35,380 29,535 5.845
Fair Share Improvement Dist 1 1,250 130 1,120
Fair Share Improvement Dist 2 1,250 1,250
Fair Share Improvement Dist 3 2,500 -- 2500
Total Expenditures 40,380 29,665 10,715
Excess of Revenues Over/
(Under) Expenditures (29,500) 37,179 66,679
Fund Balance, October 1, 1991 372,989 372,989
Fund Balance, September 30, 1992 343,489 $ 410,168 $ 66,679
E-41
MONROE COUNTY, FLORIDA
EXPENDITURESSTATEMENT OF REVENUES,
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
lMPACT FEES — POLICE FACIL171ES SPECIAL REVENUE FUND
FISCALFOR THE , 1
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest $ -- $ 15,284 $ 15,284
Miscellaneous 61,975 65,845 3,870
Total Revenues 61,975 81,129 19,154
Expenditures:
Current:
Public Safety:
Fair Share Improvement County Wide 34,475 34,441 34
Fair Share Improvement Dist 1 2,500 205 2,295
Fair Share Improvement Dist 2 2,500 -- 2,500
Fair Share improvement Dist 3 22,500 15,641 6,859
Total Expenditures 61,975 50,287 11,688
Excess of Revenues Over/
(Under) Expenditures -- 30,842 30,842
Fund Balance, October 1, 1991 292,753 292,763 --
Fund Balance, September 30, 1992 $ 292,753 $ 323,595 $ 30,842
E-42
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, 1992
Variance
Favorable
qet Actual 1pn efavqT Al L
Revenues:
Taxes $ 1,257,708 $ 1,210,332 $ (47,376)
Charges for Services 15,295 15,295
Interest 88,000 144,252 56,252
Miscellaneous —— 113 113
Total Revenues .. 1,345J_708 1,3 ,69 92 24 84 9
Expenditures:
Current:
General Government:
Commissions and Fees 61,800 57,274 4
Human Services:
Trauma Care Administration 116,349 97,563 18,786
Transportation and Treatment 1,735,133 486 1,734,647
Pre—Tran sort alion Hospital&Physical Care 130,010 3,425 126,585
Upgrading Facilities&Staff Services 670,062 85,592 584,470
Total Human Services 2,651,554 187,066 2,464,488
Total Expenditures 2,713,354 244,340 2,469,014
Excess of Revenues Over/
(Under) Expenditures (1,367,646) 1,125,652 2!jg3,298
Other Financing Sources (Uses):
Reserve for Contingencies __PL4,456 -- 314,456
Excess of Revenues and Other Sources Over/
(Under) Expenditures and her Uses (1,68Z 102) 1,125,652 2,807,754
Fund Balance, October 1, 1991 2,294,576 2294576
Fund Balance, September 30, 1992 $ 612,474 $ 3,4 228 $ 2,807.754
E-43
COUNTY,MONROE FLORIDA
REVENUES,SCHEDULE OF EXPENDITURES
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
COMPREHENSIVE PLAN LAND AUTHORITYSPECIAL
FOR THE F! 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental $ 1,563,800 $ 1,525,772 $ (38,028)
Interest 150,000 191,347 41,347
Miscellaneous 582,500 634,800 52,300
Total Revenues 2,296,300 2,351,919 55,619
Expenditures:
Current:
General Government:
Administrative 228,850 158,101 70,749
Cost of Land Sales and Transfers -- 14,432 (14,432)
Land and Land Rights Acquisition 4,898,675 2,990,584 1,908,091
Total Expenditures 5,127,525 3,163,117 1,964,408
Excess of Revenues Over/
(Under) Expenditures — Budgetary Basis (2,831,225) (811,198) 2,020,027
Total Adjustments 4,316,175 2,513,084 (1,803,091)
Excess of Revenues Over/
(Under) Expenditures, — GAAP Basis 1,484,950 1,701,886 216,936
Fund Balance, October 1, 1991 11,335,872 11,335,872 --
Fund Balance, September 30, 1992 $ 12,820,822 $ 13,037,758 $ 216,936
E-44
DEBT SERVICE FUNDS
1983 REFUNDING IMPROVEMENT BONDS
To account for accumulation of resources for and payment of interest and principal on the
long—term debt incurred in the building oft Marathon,Islamorada and Key Largo Libraries,
improvements to Harry Harris Park, Key West Animal Shelter, and improvements to the Key West
Administration Building located on Stock Island.
1988 A & B IMPROVEMENT REVENUE BONDS
To account for accumulation of resources for and payment of interest and principal on the
long—term debt incurred in the building oft Marathon and Plantation Key Jails and the Marathon
Regional Service Center.
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 design and construction of the Monroe County Detention
Center located on Stock Island.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
L DEBT SERVICE
SEPTEMBER 30, 1992
1983 1988 A & B 1991
Refunding Imrove e t Sales Tax
Improvement evenRevenue
Bonds Bonds BondsTotal
ASSETS
Assets:
Cash with Fiscal Agent $ 4,415 -- $ -- $ 4,415
Due from Other Funds -- 57,192 -- 57,192
Restricted Assets:
Cash 4,845 1 -- 4,846
Interest Receivable -- -- 50,095 50,095
Investments at Cost or
Amortized Cost 1,136,126 377,927 6,906,935 8,4 ,988
Total Assets $ 1,145,386 �120 $ 6,957, 30 8,537,5
LIABILITIES AND FUND EQUITY
Liabilities:
Matured Interest Payable 4,415 $ 4,415
Accounts Payable -- -- 2,715 2,715
Due to Others -- ®— 1,172,37 1,17Z397
Total Liabilities 4,415 -- 1,175,112 1,179,527
Fund Equity:
Reserved for Debt Service 1,140,971 435,120 5,781,918 7,358,009
Total Fund Equity 1,140,971 435,120 5,781,918 7,358,009
Total Liabilities and
Fund Equity $ 1,145,386 $ 435,120 $ 6,957,030 $ 8,537,536
F-1
COUNTY,MONROE FLORIDA
COMBINING ` A F REVENUES, EXPENDITURES
CHANGES IN
ALL A SERVICE FUNDS
FOR THE FISCAL g 19
1983 1966 A & B 1991
Refunding Improvement ent a Tax
Improvement Revenue Revenue
BondsBonds— onTotal
Revenues:
Intergovernmental 223,250 702,855 -- 926,105
Interest 52,566 9,150 337,662 399,378
Total Revenues 275,816 712,005 337,662 1,325,483
Expenditures:
Debt Service 212,959 694,287 3,466,345 4,373,591
Total Expenditures 212,959 694,287 3,466,345 4,373,591
Excess of Revenues Over/
(Under) Expenditures 62,857 17,716 (3,1 8,683) (3,048,108)
Other FinancingSources/(Uses):
Transfers from Other Funds -- -- 4,676,484 4,676,484
Bond Proceeds -- __ 4,215,898 4,215,898
Total Other Financing Sources/(Uses) -- -- 8,892,382 8,89Z382
Excess of Revenues and Other
Sources Over/(Under) Expenditures
d Other Uses 62,857 17,716 5,763,699 5,844,274
Fund Balance, October 1, 1991 1,078,114 417,402 18,219 1,513,735
Fund Balance, September 30, 1992 1,140y971 $ 435120 $ 5,781 p 18 7,358009
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, 1992
1983 Refunding Improvement Bonds
Variance
Favorable
dget Actual (Un avo k�1e}
Revenues:
Intergovernmental 223,250 223,250 --
Interest 57,500 52,566 (4,9 )
Total Revenues 280,750 27 ,816 (4,934)
Expenditures:
Debt Service:
Principal Retirement 40,000 40,000 --
Interest 172,959 172,959 --
Fiscal Charges -- --
Total Expenditures 212,99 212,959 --
Excess of RevenuesOver/
(Under) Expenditures 67,791 62,857 (4,934)
Other Financing Sources/(Uses):
Reserve for Contingencies (1,118,132) -- 1,118,132
Transfers from Other Funds -- -- --
Bond Proceeds - — -- --
Total Other Financing Sources/(Uses) (1,118,132) -- 1,118,132
Excess of Revenues and Other
Sources Over/(Under) Expenditures
d Other Uses (1,05 ,341) 62,857 1,113,198
Fund Balance, October 1, 191 1,078,114 1,078,114 ——
Fund Balance, September 30, 1992 27,773 1,140,971 1,113,198
F-3
1988 A Irtaprevement Revenue Bonds 1991 Sales Tax Revenue Bonds
Variance Variance
Favorable Favorable
_Budget_ Acts n�avc bid d et Actual v ble)
650,000 $ 702,855 52,8 $ _ d $ ®_
15,0 9,150 _ 337,662 337,662
665,000 712,005 47,005 337,662 337,662
205,000 205,000 -_ 1,135,000 1,1 ,000 _486,593 486,593 2,351,347 2,28 ,704 61,643
3,705 2,694 1, 11 44,0 41,641 2,439
695,298 694,2B7 1,011 3,530,427 3,466,345 64,082
(30,298) 17,718 48,016 (3,530,427) (3,128,683) 401,744
(296,413) 296,413 (5,29 ,470) 5,296,470
1,550 _- (1,550) 4,611,000 4,676,484 65,484
4,21 , 98 4,215,898 --
(294, 3) -- 294,863 3,530,428 8,892,382 5,361,954
(325,161) 17,718 342,879 1 5,763, 99 5,763,698
417,402 417,402 ---- 18,219 18,219 --
92,241 $ _ 5,120 342,879 $ _ 18,220 5,781,918 5,763, 98
F-4
COUNTY,MONROE FLORIDA
COMBININGT E T OF REVENUES, EXPENDITURES
CHANGESiBALANCES — BUDGET AND ACTUAL
ALL T SERVICE F CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER , 1
Total
Variance
Favorable
udget Actual (Unfavorable)
Revenues:
Interovern mental 873,250 926,105 52,855
Interest 72,500 399,378 326,878
Total Revenues 945,750 1,325,483 379,733
Expenditures:
Debt Service:
Principal Retirement 1,380,000 1,380,000 --
Interest 3,010,899 2,949,256 61,643
Fiscal Charges 47,785 44,335 3,45
Total Expenditures 4,438,684 4,373,591 65,093
Excess of Revenues Over/
(Under) Expenditures (3,492,934) (3,048,108) 444,826
Other Financing Sources/(Uses):
Reserve for Contingencies (6,711,015) -- 6,711,01
Transfers from Other Funds 4,612,550 4,676,484 63,934
Bond Proceeds 4,215,898 4,215,898 --
Total Other Financing Sources/(Uses) 2,117,4 8,892,382 6,774,949
Excess of Revenues and Other
SoursOver/(Under) Expenditures
d Other Uses (1,375, 01) 5,8 ,274 7,219,775
Fund Balance, October 1, 1991 1,513,735 1,513,735 ——
Fund Balance, September 30, 1992 $ 138,234 7,358,009 7,219,775
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 Revenue Bonds,
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL CAPITAL PROJECT FUNDS
SEPTEMBER 30, 1992
Revenue Bond One Cent
Comprehensive Capita! Infrastructure
Improvements Improvements Surtax
ASSETS
Cash and Investments $ 727,120 $ 336,159 $ 12,161,855
Due from Other Funds -- -- 5,313
Due from Other Governmental Units -- -- 1,632,870
Accounts Receivable 250 1,463 --
Interest Receivable -- -- --
Total Assets $ _ 727,370_ $ 337,622 $ 13,800,038
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 127,621 10,898 $ 951,78
Accrued Wages and Benefits Payable 1,696 39 438
Due to Other Funds 9,919 85,444 190,395
Total Liabilities 139,236 96,381 1,142,615
Fund Equity:
Fund Balances:
Reserved for Encumbrances -- -- 10,531
Unreserved 588,134 241,241 12,6 ,892
Total Fund Equity 588,134 241,241 12,657,423
Total Liabilities and Fund Equity _721,qTO $ 7,622 13,800,038
G-1
Bond
Capital
Improvements Total
21,741,155 $ 34,966,289
8,850 14,163
-- 1,63Z870
10 1,723
218,843 218,843
21,968,858 $ 36,833,888
2,190,262 $ 3,280,563
-- 2,173
141,683 427,441
2,331,945 3,710,177
1,094,781 1,105,312
18,542,132 32,018,399
19,636,913 33,123,711
21,968,858 $ 36833888
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, 1992
Revenue Bond One Cent
Comprehensive Capital Infrastructure
Improvements Improvements Surtax
Revenues: - -
Taxes $ -- $ -- $ 8,546,742
Intergovernmental -- -- 248,190
Interest 36,589 17,001 536,890
Miscellaneous -- -- 94,651
Total Revenues 36,589 17,001 9,426,473
Expenditures:
Capital Outlay:
General overnme -- 200,512 1,153,099
Public Safety 13,131 46,215
Physical Environment 3,511 --
Transportation -- -- 68,139
Human Services 5,353 22,843 --
Culture and Recreation 169,170 1,393 925,482
Total Expenditures 178,034 237,879 2,192,935
Excess of RevenuesOver/
(Under) Expenditures (141,445) (220,878) 7,233,538
Other Financing Sources/(Uses):
Transfer to Other Funds -- -- (5,520,908)
Transfer from OtherFunds 3,511 -- --
and Proceeds
Total Other Financing Sources/(Uses) 3,511 -- (5,520,908)
Excess of Revenues and Other Sources Over/
(Under) Expenditures and Other Uses (137,934) (220,878) Z630
Fund Balance, October 1, 1991 726,068 462,119 10, ,793
Fund Balance, September 30, 1 8 ,134241241 12,6 ,423
Sales Tax
Bond
Capital
Improvements Total
$ 8,546,742
-- 248,190
1,367,911 1,958,391
8,955 103,606.
1,376,866 10,856,929
-- 1,353,611
11,194,556 11,253,902
3,511
68,139
28,196
-- 1,096,045
11,194,556 13,303,404
(9,817,690) (2,946,475)
(5,520,908)
3,511
23,929,662 23,929,662
23,929,662 18,412,265
14,111,972 15,465,790
5,524,941 17,657,921
19,636,913 $ 33123711
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, 1992
Capital Projects,
Comp ehensive lmRrqqyeq!m1!�ents
Variance
Favorable
Bud ei Actual
Revenues:
Taxes $ $
Intergovernmental -- -- --
Interest 20,000 36,589 16,589
Miscellaneous -- --
Total Revenues 20,000 36,589 16,589
Expenditures:
Capital Outlay:
General Government:
General Governmental Facilities
Other Governmental Facilities
Public Safety:
Fire Control Facilities
Detention/Correction Facilities
Emergency and Disaster Projects
Ambulance and Rescue Facilities
Physical Environment:
Sewer Facilities
Pigeon Key Fuel Tank 3,511 3,511
Transportation:
Monroe County Airports
Parking Facilities
Human Services:
Animal Control Facilities 6,000 5,353 647
Culture and Recreation:
Parks and Recreational Facilities 703,000 169,170 533,830
Monroe County Libraries -- -- --
Total Expenditures 712,511 178,_034 _534,477
Excess of Revenues Over/(Under) Expenditures (692,511) (141, A5 551,066
Other Financing Sources/(Uses):
Reserve for Contingencies
I ransfer to Other Funds
Transfer from Other Funds 3,511 3,511
Bond Proceeds
Total Other Financing Sources/(Uses) 3,511 3511 --
Excess of Revenues and Other Sources
Over/(Under) Expenditures and Other Uses (689,000) (137,934) 551,066
Fund Balance, October 1, 1991 726,068 726 068 --
Fund Balance, September 30, 1992 $ 37,068 $ 588.134 551.066
G-5
Capital Projects, Capital Projects,
Revenue and Capi!qLLmprovements One Cent Infrastructure Surtax
Variance Variance
Favorable Favorable
Bqgg@�t Actual Buda et Actual - (Unfavorable)
$ $ $ 6,900,000 $ 8,546,742 $ 1,646,742
-- -- 250,000 248,190 (1,810)
5,000 17,001 12,001 350,000 536,890 186,890
-- -- -- 94251 94651 400
5,000 17,001 12,001 7,594 251 9,426,473 1,832
207,000 182,523 24,477 2,653,332 718,353 1,934,979
21,450 17,989 3,461 3,085,000 434,746 2,650,254
- 825,000 46,215 778,785
72,000 13,131 58,869
20,000 20,000
1,400,000 1,400,000
1,913,481 1,913,481
91,668 68,139 23,529
28,000 22,843 5,157
31,800 1,393 30,407 798,050 776,889 21,161
516,251 148593� 367,658
380,250 237,879 142,3 71 11,282782 2,192,935 9,089,847
(375,250) __I220,878 154.372 (3,688,531) 7,233,538 10 L9-??069
........
-- (8,117) 8,117
(1,550) 1,550 (5,740,852) (5,520,908) 219,944
_J1,550 11550 _(§,74§,9�69 (5,520,908) 228,061
(376,800) (220,878) 155,922 (9,437,500) 1,712,630 11,150,130
462,119 462,119, -- 10,944,793 10, ,793 --
$ �241 241 �155 922 $ ..1,507 293 $ 12 657 423 $ 11.1 50J30
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 SEPTEMBER 30, 1992
Capital Projects,
Sales Tax Bond Capital-Irn roves en
Variance
Favorable
§�udet— Actual (Unfavorable)
Revenues:
Taxes $ $ $
Intergovernmental -- --
Interest 1,367,911 1,367,911
Miscellaneous - 81955 8,955
Total Revenues 1,376,866 1,3776,866
8
Expenditures:
Capital Outlay:
General Government:
General Governmental Facilities
Other Governmental Facilities
Public Safety:
Fire Control Facilities --
Detention/Correction Facilities 29,894,441 11,194,556 18,699,885
Emergency and Disaster Projects -- -- --
Ambulance and Rescue Facilities
Physical Environment:
Sewer Facilities
Pigeon Key Fuel Tank
Transportation:
Monroe County Airports
Truman Annex Parking Lot
Human Services:
Animal Control Facilities
Culture and Recreation:
Parks and Recreational Facilities
Monroe County Libraries ---- -- -- ----
Total Expenditures 29,
8 41 11,1 556� 18699 85
,4
Excess of Revenues Over/(Under) Expenditures (29,894,441) (9,817,690) 20,076 751
Other Financing Sources/(Uses):
Reserve for Contingencies (4,221) 4,221
Transfer to Other Funds (31,000) 31,000
Transfer from Other Funds
and Proceeds 23,929,662 23,929,662 --
Total Other Financing Sources/(Uses) ..23894441 23L929 662 35 21
Excess of Revenues and Other Sources
Over/(Undeo Expenditures and Other Uses (6,000,000) 14,111,972 20,111,972
Fund Balance, October 1, 1991 5,524941 5524941 --
Fund Balance, September 30, 1992 $ (475,059) $ 19,636,913 $ 20.111.972
G-7
__. .Total
Variance
Favorable
Budget Acts (Unfavorable
6,900,000 8,546,742 1,646,742
250,000 248,190 (1,810)
375,000 1,958,391 1,583,391
94, 51 103,606 9,355
7,619,251 10,856,929. 3,237,67.
2,860,332 900,876 1,959,456
3,106,450 452,735 2,653,715
825,000 46,215 778,785
29,894,441 11,194,556 18,6 ,885
72,000 13,131 58,869
20,0 -- 20,000
1,400,000 1, 0 ,000
3,511 3,511 ---
1,913, 1 -- 1,913,481
91,668 68,139 23,529
34,000 28,196 5,804
1,532,850 947,4.52 585,398
51 1 148,593 367, 8
___42,269,984 13,8 ,404 28,4 580
__(qL,650,73) (2,946,475) 31,7 258
(12,338) -® 12,338
(5,77 ,402) (5,520,908) 252,494
3,511 3,511 ---
2329 ,662 23,9 p62 -®--
18,147, 18,412,265 264,832
16,5 ,30 ) 15,4 ,70 31,9 ,09
17,657,921 17,65 ,921 --
1,54,621 33,1 711 31,969,090
G-8
THIS PAGE INTENTIONALLY LEFT BLANK
ENTERPRISE FUNDS
MUNICIPAL IDISTRICT, WASTE
To account for the operations of the Coun ®a Solidi Waste Services.
BRIDGECARD SOUND
To account for the operations of the C un ®s Card Sound Toll Bridge,
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL ENTERPRISE FUNDS
SEPTEMBER 30, 1992
Municipal Svc Card
District Sound
Waste Brid Total
ASSETS
Current Assets:
Cash and Investments 7,200,758 $ 2,468,3309,
Cash with Fiscal Agent 8,015 8,015
AccountsReceivable:
Delinquent Waste Collection Fees 1,369,590 -- 1,369,590
Allowance for Uncollectible
Waste Collection Fees (1,090,061) -- (1,090,061)
Cher 366,750 52 366,802
Allowance for Other Uncol ctible ( 8,470) -- (58,470)
Due from Other Funds -- 18 1
Due from Other Governmental Units 71,8 1,742 73,582
Total Current Assets 7,860,407 2,478,157 10,338,564
Restricted Assets:
Cash 2,354,807 2,354,807
Investments at Cost or
Amortized Cost 3,573,272 -- 3,573,272
Total Restricted Assets 5,928,079 -- 5,928,079
Property, Plant and Equipment
(Net of Accumulated Depreciation) 8,888146 1,410,408 10,298,554
Other Assets:
Deferred Charges (Net) 319,365 -- 319,365
Total Assets $ 22,995,997 $ 3.888,565 $ 26,884,562
H-1
Municipal Svc Card
District Sound
Waste ri a Total
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts Payable $ 1,422,B83 $ 2,086 1,424,969
Accrued Wages and Benefits Payable 107,159 21,405 128,564
Claims and Judgements Payable 268,860 268,860
Due to Other Funds 583,787 18,752 602,539
Matured Bonds Payable 5,000 5,000
Matured Interest Payable 19 19
Matured Premium Payable 2,996 2,996
Deferred Revenue 23,317 23,317
Deposits in Escrow 63,126 63,126
Total Current Liabilities 2469132 _50,258 2,519,390
Current Liabilities Payable from Restricted Assets:
Accrued Interest Payable 308,144 308,144
Special Obligation Notes Payable 191,362 191,362
Revenue Bonds Payable 180,000 180,000
Landfill Closure Costs 4,214,340 4,214,340
Total Current Liabilities Payable from
Restricted Assets 4,893,846 4,893,846
Long-Term Liabilities:
Accrued Compensated Absences 102,310 10,843 113,153
Special Obligation Notes Payable 244,241 244,241
Revenue Bonds Payable 9,390,000 9,390,000
Due to they Governmental Units 1,327,500 1,32715-0-0
Total Long-Term Liabilities 11064051 10843 11,074,894
Total Liabilities 18,427,029 61,101 18,488,130
Fund Equity:
Contributed Capital .. 2,805649 2761 2,808,410
Retained ings®
Reserved for Revenue Bond Retirement 3,554,496 3,554,496
Unreserved (1191,1771 q,824.,703 2L033L§?§_
Total Retained Earnings 1,763,319 3,824,703 5,
53
Total Fund Equity 4,568,968 3827464 8,396,432
Total Liabilities and Fund Equity 2Z995.997 $ 1&88,5 $ 26,884 562
H-2
COUNTY,MONROE FLORIDA
COMBININGT T
FISCALCHANGES IN FUND EQUITY
ALL ENTERPRISE FUNDS
FOR THE ,
Municipal Svc Card
District Sound
Waste Bridge Total
Operating venues:
Togs -- $ 840,552 840,552
Charges for Services 10,877,692 —— 10,877,692
Franchise Fees 2,771,054 2,771,064
Miscellaneous 130,600 32 130,632
Total Operating Revenues 13,779,346 840,58414,619,930
Operating x n s:
Personal Services 1,53, 24 383,816 1,977,540
Operations 9,800,568 73,747 9,874,315
Depreciation 1,008,359 75.642 1,084001
Total Operating Expenses 12,402,651 533,2D5 12,935,856
Operating Income 1,376,695 307,3791,684,074
Non—Operating Revenues (Expenses):
Operating Grants 121,528 121,528
Interest income 557,166 102,484 659,650
Interest Expenses and Fiscal Charges (682,602) -- (682,602)
Loss Disposition of Assets {33, 47) ®— ( ,947)
Dotal Non—Operaling Revenues(Expenses) (37,855) 102,484 64,629
Income Before OperatingTransfers 1,338,840 409,863 1,7 ,703
Operating Transfers:
Transfers from Other Funds 1,821,199 1,821,199
Transfers to Other Funds (1,378,699) (21,1 ) q,399 838)
Total Operating Transfers 2, (21,i } 421,361
Net Income 1,781,340 388,724 2,170,064
Fund Equity— October 1, 1991 2„787,628 3.,438,740 6226,368
Fund Equity— September 30, 1992 4,568,96 3827464 396, 2
H-3
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Municipal Svc Card
District Sound
Waste Bridge_ Total
Cash flows from operating activities:
Cash received for services $ 13,599,326 $ 838,743 $ 14,438,069
Cash payments to suppliers for goods
and services (9,398,730) (88,437) (9,487,167)
Cash payments to employees for services (1,557,361) (381,790) (1,939,151)
Other operating revenue 130,6DO 32 130632
Net cash provided (used) by operating
activities 2,773,835 368,548 3,142,.qq�
Cash flows from noncapital financing activities:
Operating grants received 62,4 m m 82,480
Operating transfers from other funds 1,821,199 1,821,199
Operating transfers to other funds 0,3�78,699 (21,139) (1,��99,&38
Net cash provided (used) by non capital
financing activities 524,980 1�39 503,841
Cash flows from capital and related financing
activities:
Acquisition of fixed assets (193,966) (80,953) (274,919)
Principal paid on capital debt (658,116) (5,000) (663,116)
Interest paid on capital debt (412) ___I§§6,2B5
Net cash provided (used) by capital
and related financing activities (1,517,955) ......L86,36A5 (1,604,320)
Cash flows from investing activities:
Purchase of investment securities (11,468,476) (11,468,476)
Proceeds from sale and maturities
of investment securities 10,830,167 10,830,167
Interest on investments 557,166 1 q2,@4 §5�9 0
Net cash provided (used) by investing
activities (81.143) 102,!1§4 21,341
Net increase (decrease) in cash and cash
equivalents 1,699,717 363,528 2,063,245
Cash and cash equivalents at beginning of year 7,855,848 2,112 817 9,968,665
Cash and cash equivalents at end of year $ 9.555.565 $ 247Q,345 $ 12.031.910
H-4 (Continued)
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL ENTERPRISE FUNDS — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Municipal Svc Card
District Sound
Wasteri Total
Operating income $ 1376695 $ 307,379 $ ... 1684,074
Adjustments to reconcile operating
income to net cash provided by
operating activities:
Depreciation 1,008,359 75,642 1,084,001
Change in assets and liabilities:
Decrease/(Increase) in:
Accounts receivable (62,363) (52) (62,415)
Due from other funds (18) (18)
Due from other governmental units (1,739) (1,739)
(Decrease)/Increase in:
Accounts payable 103,040 (5,781) 97,259
Accrued wages 27,735 136 27,871
Due to other funds 540,995 (8,909) 532,086
Deposits 12,942 12,942
Landfill Closure Costs (225,849) (225,849)
Compensated Absences 8,629 1,890 10,519
Asserted and paid claims (16,348) (16,348)
Total adjustments 1,397,140 61,169 11, 309
Net cash provided (used) by operating
activities $ 2 773 835 $ 368,548 $ 3,142,383
SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING,
CAPITAL AND INVESTING ACTIVITIES
Amortization of Municipal Service District Bond issuance and discount costs were $16,883.
The Municipal Service District retired certain plan assets having a net book value of$33,947,
H—s
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
MUNICIPAL SERVICES DISTRICT - WASTE
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
B!jqet Actualof le)
Operating x nitur :
Administration 603,854 $ 452,673 151,181
Hurricane Andrew 67,900 ,1 7,71
Hazardous aste 168,600 156,928 11,672
Franchise Operators 3,616,732 3,61 ,731 1
Indirect Costs 100,000 100,000
Facilities Operations 209,717 198,331 11,386
Cudjoe Key Transfer Station 1,414,687 1,319,128 95,559
MSD-Cudjoe Key Landfill 391,041 351,406 39,635
Cudjoe Key Landfill Closure 1,027,520 58,893 968,627
Long Key Transfer Station 1,918, 97 1,848,357 70,640
MS-Long MSD-Long Key Landfill 462,376 326,801 135,575
Long Key Landfill Closure 1,400,000 79,279 1,3 ,721
Key Largo Transfer Station 1,900,207 1,89 ,825 382
S -Key Largo Landfill 313,892 266,993 46,899
Key Largo ill Closure 1,0 ,730 65,157 971,573
Pollution Control 337,742 282,524 ,21
Recycling 569,528 511,332 58,196
Recycling Grant 37,678 31,347 6,331
DER - Recycling Grant 99,535 88,367 11,168
Utter Grant 50,000 3,36E 46,634
Total Operating Expenditures 15,7 ,736 11,597,620 4,129,116
Non-OperatingExpenditures:
Debt Service:
Principal Retirement 658,116 658,116 -®
Interest Expenses and Fiscal Charges 671,881 665,719 6,12
Capital Outlay 1,195,443 151,339 1,044,104
Loss on Disposition of Assets ,947 ,94 --
Total Non-Operating Expenditur ,559, 7 1,509,121 1,050, 66
Operating Transfers and Reserves:
Transfers to Other Funds 3,442,950 1,378,699 2,064, 51
Reserve for Contingencies 2,397,809 2,397809
Total Operating Transfers and Reserves ____5,840,759 1,378,699 4,462,060
Total Expenditures 24,1 26 882 14,485,440 41.
H-6
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
CARD SOUND BRIDGE
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Card Sound Road&Toll Bridge 495,692 398,165 97,527
Hurricane Andrew Recovery 26,600 6,235 20,365
County Engineer 63,100 53,164 9,936
Total Operating Expenditures 585,392 457,564 127,828
Non—Operating Expenditures:
Capital Outlay 103,559 80,953 22,606
Operating Transfers and Reserves:
Transfers to Other Funds 21,139 21,139
Reserve for Contingencies 3,469,956 3,469,956
Total Operating Transfers
and Reserves 3,491,095 21,139 3,469,956
Total Expenditures $ 4,180,046 $ 559,656 $ 3,620390
H-7
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1991
DESCRIPTION
SEPTEMBER 30, 1992
Refunding on
Series 1991
Original authorization $11,000,000
Unissued 1,430,000
Issued 9,570,000
Retirements through
September 30, 1992
Balance outstanding
September 30, 1992 A%570,000
Date of issue April 1, 1991
Maturity range 1992-2011
Principal payment date October 1
Interest payment dales 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
Call feature 1999 102
2000 101
2001-2011 100
Paying agent Citizens and Southern
Trust Co. NA.
Ft. Lauderdale, Florida
H-8
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1991
DEBT REQUIREMENTS TO MATURITY
SEPTEMBER 30, 1992
$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 89,8,2B8
2000 425,000 468,380 893,3BO
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 $ 8,126306 $ 17,5L,96 306
H-9
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'sWorker's Compensation Program.
GROUP INSURANCE
To account for deparimental and agency revenues used for the purpose of financing cingMonroe
County's Croup Insurance Program.
RISK MANAGEMENT
To account for Monroe County's safety and loss control program, risk management
administration and uninsured losses.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL INTERNAL SERVICE FUNDS
SEPTEMBER 30, 1992
Worker's Group is
Compensation Insurance n ent
Fund Fund Fund Total
ASSErS
Current Assets:
Cash and Investments 1,168, 82 1,5 ,882 1,450,827 4,155,291
Accounts Receivable 8,020 113,491 250 121,71
Due from er Funds 1,838 710,222 850712,910
Due from er Governmental Units 1,800 60,828 62628
Total Current Assets 1,180,240 2,4 ,423 1,451,927 5,052,590
Property, Plant and Equipment
et,Where Applicable,
of Accumulated Depreciation) 15,662 2,682 24,684 43,028
Total Assets 1,19 , 02 2�423,105 1, 76,611 _ 5,09 ,61
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts Payable 49,055 $ 73,975 40,965 $ 163,995
Accrued Wages and Benefits Payable 6,25 4,979 6,547 17,821
Claims&Judgments Payable 545,866 1,1 ,882 1,153,900 2,843,648
Due to Other Funds 21,708 5,939 7,027 34,674
Other Current Liabilities -- 4,383 4,383
Total Current Liabilities 6�22,924 1,233,158 1,208,439 3,064, 1
Long-Term Liabilities:
Accrued Compensated Absences 5,79E 6,432 2,891 15,11
Total Liabilities 628,720 1, 9,590 1,211,330 3,079,640
Fund Equity:
RetainedEarnings:
Unreserved 567,182 1,183,515 265281 2,015,978
Total Liabilities and Fund Equity 1,195,902 2,423,10 1,476,611 5,095,61
®1
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND EQUITY
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Worker's Group Risk
Compensation Insurance Management
Fund Fund and Total
Operating Revenues:
Charges for Services 1,085,939 5,313,387 $ 1,041,848 $ 7,441,174
Miscellaneous 37 591 18,5 37 19165
Total Operating Revenues 1 g085,976 5313978 1,060,385 7, 60339
4
Operating Expenses:
Personal Services 104,317 89,427 98,047 291,791
Operations 466,074 877,369 660,321 2,003,76,4
Depreciation 4,575 794 4,746 10,115
Asserted and PakJ Claims 598,476 3 905,009 270 424 4,773 909
Total Operating Expenses 1,173,442 4,872,599 1,033 5 38 7,079,579
Operating Income (Loss) L87,466) 441,379 26,847 380,760 .
Non-Operating Revenues (Expenses):
Interest 35,073 48,973 62,358 146,404
Loss on Disposition of Assets _-A-11-9-9-81 (1,998)
Total Non-Operating Revenues
(Expenses) 35,073 48,973 60,360 144,406
Income (Loss) Before Operating
Transfers J52�393 490 352 87,207 525,166
Operating Transfers:
Transfers to Other Funds L13,320 9,6 20 ( ,710)30 1 (7,77P) .....
Net Income (Loss) (65,713) 482,582 77,587 494,456
Fund Equity- October 1, 1991 632,895 700,pg�_ 187,694 1,521,522
Fund Equity- September 30, 1992 $ ...567182 1,183,515 $ 265,2B1 $ 2015978
H-11
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL INTERNAL.SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Worker's roRisk
Compensation Insurance a e e
Fund Fundn Total
Cash flows from operating activities:
Cash received for services 1,440,356 4,707,788 $ 1,047,100 7,195,244
Cash payments to suppliers for goods
and ices (1,166,515) (4,6 ,42 ) (763,040) (6,568,983)
Cash payments toemployees for services (108,462) (87,492) (98,388) (294,342)
Other operating revenue 37 591 18,537 _____19,165
Net cash provide (used) operating
activities 165,416 (8 541} 204,209 361,084
Cash flows from nonce `al financing activities:
Operating transfers to other funds (13,3 ) (7,779) ________L9,620) (30,710}
Cash flows from capital and related financing
activities:
c uistion of fixed assets (2,845) (609) (8,809) (12,263)
Proceeds from sale of equipment ®- -- 1,000 1,000
Net cash provided (used) by capital
d related financing activities (2,345) (609) (7,809} (11, }
Cash flows from investing activities:
Interest on investments 35,073 48,973 62, 146,404
Net increase in cash and cash equivalents 184,324 32,053 249,138 465,515
Cash and cash equivalents at beginning of year 984,258 1,503,829 1,201,689 3,
Cash and cash equivalents at end of year 1.16 ,562 1, 35,332 1.450,827 4.155,291
H—12 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
ALL INTERNAL SERVICE FUNDS — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Worker's Group Risk
Compensation Insurance Management
Fund Fund Fund Total
Operating income (loss) $ (87,466) $ _ 441,379 $ 26,847 $ 380,760
Adjustments to reconcile operating
income to net cash provided by
operating activities:
Depreciation 4,575 794 4,746 10,115
Change in assets and liabilities:
Decrease/(Increase) in:
Accounts receivable 8,821 77,571 (250) 86,142
Due from other funds 345,746 (622,912) 5,502 (271,664)
Due from other governments] units (150) (60,258) (60,408)
(De crew se)/Increase in:
Accounts payable (41,916) 58,356 (987) 15,453
Accrued wages 11 982 1,554 2,547
Due to other funds (60,049) (670) 5,492 (55,227)
Compensated Absences (4,156) 954 (1,895) (5,097)
Asserted and paid claims 95,285 163,200 258,485
Other current liabilities (22)
Total adjustments 252,882 (449,920) 177,362 (19,676)
Net cash provided (used) by operating
activities $ 165,416 $ L8,541) $ 204,209 $ 361 Q04
SUPPLEMENTAL SCHEDULE OF NON—CASH FINANCING
CAPITAL AND INVESTING ACTIVITIES
Risk Management retired certain plan assets having a net book value of$1,998.
H-13
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES -- BUDGET AND ACTUAL
WORKER'S COMPENSATION FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administrative $ 107,747 $ 101,084 $ 6,663
Operations and Claims 1,240,656 1,043,881 196,775
Safety&Loss Control 25,132 23,902 1,230
Total Operating Expenditures 1,373,535 1,168,867 204,668
Non—Operating Expenditures:
Capital Outlay 3,473 2,845 628
Operating Transfers and Reserves:
Reserve for Contingencies 326,606 -- 326,606
Transfers to Other Funds 22,378 13,320 9,058
Total Operating Reserves 348,984 13,320 335,664
Total Expenditures $ 1,725,992 $ 1,185,032 $ 540,960
H-14
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
GROUP INSURANCE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administration 115,813 $ 108,2B7 7,526
Group Insurance Claims 4,775,481 4,763,517 11,964
Total Operating Expenditures 4,891,294 4,871,804 19,490
Non—Operating Expenditures:
Capital Outlay 2,290 609 1,681
Operating Transfers and Reserves:
Reserve for Contingencies 1,573,626 1,573,626
Transfers to Other Funds 16,828 7,770 9,058
Total Operating Reserves 1,590,454 7,770 1,582,684
Total Expenditures !�,!j§4,038 $ 4,880,183 $ 1603855
H-15
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
RISK MANAGEMENT FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administration $ 104,840 $ 98,477 $ 6,363
Risk Management Claims 955,841 888,337 67,504
Safety and Loss Control 44,983 43,975 1,008
Total Operating Expeditures 1,105,664 1,030,789 74,875
Non—Operating Expenditures:
Capital Outlay 9,209 8,808 401
Operating Transfers and Reserves:
Reserve for Contingencies 1,060,441 -- 1,060,441
Transfers to Other Funds 18,678 9,620 9,058
Total Operating Reserves 1,079,119 9,620 1,069,499
Total Expenditures $ 2,193,992 $ 1,049,217 $ 1,144,775
H-16
FIDUCIARY
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 ABUSETRUST
To account for assessments collected for drug abuse programs and to disburse assistance
grants on an annual basis for drug abuse treatmentand/or educational programs which meet the
standards for qualification of such programs by the Department of Health ehabilitatia
Services.
STATESHARED COUNTY & ALTH CARE
To account for the shared county and state program of health care services to low—income
persons. This fund does not have a legally adopted budget.
COURT FACILITY FEES
To account for revenues collected upon the institution of any civil action, suk or proceeding
to be used exclusively in providing and maintaining existing and future facilities for the use of the
Circuit and County Court system, This fund does not have a legally adopted budget.
DEFERRED F SATIO PLAN
o 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 d
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 d boot registrations,
applications and transfers of title, occupational licenses and other miscellaneous liGenses,
PROPERTY TAX
To account for the collection and distribution of ad valorem tangible personal property
taxes.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL FIDUCIARY FUNDS
SEPTEMBER 30, 1992
EXPENDABLE TRUST
FUNDS
Law Drug Shared County
Inmate Enforcement Abuse &State Health
Welfare Trust Trust Care Program
ASSETS
Cash and Investments $ 14,810 $ 81,061 $ 15,608 $ 4,376
Accounts Receivable —— —— —— -—
Due from Other Governmental Units -- 5,362 140 --
Total Assets $ 14,810 $ 86,423 $ 15,748 $ 4,376
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ 160 $ 22,757 $ —— $ ——
Due to Other Funds -- 8,898 -- --
Due to Others 10,864 -- -- --
Due to Other Govemmental Units -- -- -- --
Total Liabilities 11,024 31,655 --
Fund Balances:
Reserved for Trust Fund Purposes 3,786 54,768 15,748 4,376
Total Fund Equity 3,786 54,768 15,748 4,376
Total Liabilities and Fund Balances $ 14,810 $ 86,423 $ 15,748 $ 4,376
I-1
AGENCY FUNDS
Court Deferred Clerk Sheriff
Facilities Gompensw1on General General Tag and Property
Fees Plans Agency Agency License Tax Taal
89,145 $ 1,200,173 $ 1,421,451 $ 448,786 190,941 $ 1,856,579 $ 5,32Z930
—_ -- 26,874 —— 3,394 3,349 33,617
_— --- 3,987 _— _— -- 9,489
89,1 1,200,173 $ 1,452,312 $ 194, 35 $ 1,85 ,92 5, 66036,
$ —_ -- $ —_ $ —_ $ —® -- $ 22,917
-- —® —® -- 8,898
-- 1,20 ,173 658,015 443,348 5,762 6,040 2,324,202
-- -- 794,297 5,438 188,573 1,853,888 2,842,196
-- 1,200,13 1,452,312 448,786 194,335 1,859, 28 5,19 ,213
89,145 -- -- -- -- -- 167,823
89,145 -- -- -- -- -- 167,823
____§9,145 $ 1,200,173 1,452,312 448,786 194 35 $ 1,859,928 $ 5,366,036
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, 1992
Law Drug
Inmate Enforcement Abuse
Welfare Trust Trust
Revenues:
Fines& Forfeitures $ -- $ 63,865 $ 4,188
Interest —— 2,538 546
Miscellaneous 155,696 225 --
Total Revenues 155,696 66,628 4,734
Expenditures:
Current:
Public Safety 154,047 81,246 --
Excess of Revenues Over/
(Under) Expenditures 1,649 (14,618) 4,734
Fund Balance, October 1, 1991 2,137 69,386 11,014
Fund Balance, September 30, 1992 $ 3,786 $ 54,768 $ 15,748
1-3
Shared County Court
State tit Facilities
Cary Program FeesTotal
—— 68,053
152 2,506 5,742
-- -- 155,921
152 2,506 229,716
-- -- 235,293
152 2,506 (5,577)
4,224 86,639 173,400
$ 4,376 89,145 167,823
!-4
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES
IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
FOR FISCAL YEAR ENDED SEPTEMBER 30, 1992
Balance Balance
October 1, September30,
1991 Additions Deductions 1992
DEFERRED FE SATI PLAN:
ASSETS
Cash d Investments 948,420 261,692 _____9,-939 $ 1,200,173
LIABILITIES
Due to Others $ 948,420 $ 261,692 $ 9,939 $ 1,200,173
CLERK GENERAL AGENCY:
- ASSETS
Cash and Investments 1,9 ,749 15,2 05 15,811,103 $ 1,421,451
Accounts Receivable 17,702 32,133 2Z961 26,874
Due from Other Governmental Units 3,738 23,738 23,489 3,98
Total Assets 1,955,189 . $ 1 ,3 ,676 15, ,553 1,452, 12
LIABILITIES
Due to Others 1,124, 75 , 16,420 5,982,780 658,015
Due to Other Governmental Units 830,814 9,838,256 9,874,773 794,297
Total Liabilities $ 1,95 ,1 15,3 ,676 15,8 ,553 1, 52312
SHERIFF GENERAL AGENCY:
ASSETS
Cash and Investments $ 526,320 $ 1,176,568 $ 1,254,102 $ 448,786
Due from Other Governmental Units 111 -- 111 --
Total Assets $ 526,431 $ 1,176,568 $ 1,254,213 $ 448,786
LIABILITIES
Due to Others $ 519,848 $ 1,101,004 $ 1,177,504 $ 443,348
Due to Other Governmental Units 6,583 75,564 76,709 5,438
Total Liabilities $ 526,431 $ 1,176,568 $ 1,254,213 $ 448,786
l-5 (Continued)
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES
IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS — CONTINUED
FOR FISCAL YEAR ENDED SEPTEMBER 30, 1992
Balance Balance
October 1, September 30,
TAG AND LICENSES: 1991 Additions Deductions 1992
ASSETS
Cash and Investments $ 171,343 $ 5,846,851 $ 5,827,253 $ 190,941
Accounts Receivable 5,143_ 1,749 3,394
Total Assets $ 176, 6 $ 5,846 351 $ 5,829,002 $ 194335
UABILITIES
Due to Others $ 9,561 $ 7,917 $ 11,716 $ 5,762
Due to Other Governmental Units 166,925 5,838,934 5,817,286 188,573
Total Liabilities $ 1 76 486 $ 5846,851 $ 5,829,002 $ 194t335
PROPERTY TAX:
ASSETS
Cash and Investments $ 2,72Z437 $ 98,323,437 $ 99,189,295 $ 1,856,579
Accounts Receivable 3,387 38 3,349
Total Assets $ 2,725,824 $ 98,323Aq7 $ 99,189,333 $ 1,859,928
LIABILITIES
Due to Others $ 3,268 $ 5,663,881 $ 5,661,109 $ 6,040
Due to Other Governmental Units 2,72Z556 92,659,556 93,528,224 1,853,888
Total Liabilities $ 2725824 $ 93,323 7 $ 99,189,333 $ 1,859,928
TOTAL ALL AGENCY FUNDS:
ASSETS
Cash and Investments $ 6,3D2,269 $ 120,907,353 $ 122,091,692 $ 5,117,930
Accounts Receivable 26,232 32,133 24,748 33,617
Due from they Governmental Units 3,849 23,738 23,600 3,987
Total Assets $ 6,332,350 $ 120,963,224 $ 122,140,040 $ 5,155,534
LIABIU71ES
Due to Others $ 2,605,472 $ 12,550,914 $ 12,843,048 $ 2,313,338
Due to Other Governmental Units 3,726,878 108,412,310 109,296,992 2,84ZI96
Total Liabilities $ _j, 0 $ 120, K3 224 $ 122140040 $ 5,1�55534
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, 1992
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Fines and Forfeitures $ 58,503 $ 63,865 $ 5,362
Interest —— 2,538 2,538
Miscellaneous -- 225 225
Total Revenues 58,503 66,628 8,125
Expenditures:
Current:
Public Safety 127,889 81,246 46,643
Excess of RevenuesOver/
(Under) Expenditures (69,386) (14,618) 54,768
Fund Balance, October 1, 1991 69,386 69,3 --
Fund Balance, September 30, 1992 -- 54,768 $ 54,768
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, 1992
Variance
Favorable
Actual (Unfavorable)
Revenues:
Fines and Forfeitures 4,188 4,188
Interest 546 546
Total Revenues 4,734 4,734
Expenditures:
Current:
Human Services 9,413 9,413
Excess of Revenues Over/
(Under) Expenditures (9,413) 4,734 14,147
Other Financing Sources/(Uses):
Reserve for Contingencies (1,046) 1,046
Excess of Revenues and Other Sources
Over/(Urge o Expenditures and Other Uses (10,459) 4,734 15,193
Fund Balance, October 1, 1991 11,014 11,014 --
Fund Balance, September 30, 1992 555 $ 15,748 $ 15,19q_
1-8
THIS PAGE INTENTIONALLY LEFT BLANK
ACCOUNT GROUPS
GENERAL FIXED ASS
To account for all fixed assets of the County, other than those accounted for In the
Enterprise Funds and internal Service Funds,
GENERAL LONG-JERM DEBT
o account for bonded debt and ether forms of long—terra debt supported by general revenue
sources of the Monroe County Governmental Unit.
9
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED
ASSETS BY SOURCE
SEPTEMBER 30, 1992
Total
GENERAL FIXED ASSETS:
Land 14,433,547
Buildings 22,870,377
Equipment 28,610,589
Construction In Progress 19,7 206
Total General Fixed Assets $ 85,663,719
INVESTMENTS IN FIXED ASSETS:
General Fund Revenues:
County Funding $ 25,510,874
1988 Improvement Revenue Bonds 62,098
Federal Grants and Shared Revenues 880,772
State Grants and Shared Revenues 239,546
Donations 7,961
General Obligation Bonds 2,469,017
Special Revenue Fund Revenues 12,267,333
Donations 2,583,512
Capital Project Fund:
Special Revenue Bonds 1,210,451
1988 Improvement Revenue Bonds 2,008,399
1991 Sales Tax Revenue Bonds 13,415,503
Federal Grants and Shared Revenues 1,152,746
Stale Grants and Shared Revenues 110,023
County Funding 23,733,576
Donations — 11,908_
Total Investment in General Fixed Asp $ �85663 719
J®1
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED ASSETS
Y FUNCTION CTIVI
SEPTEMBER 30, 1992
Construction
Land uilding Egulprrtent In Progress Total
General Government
Legislative ®® -- 115, 66 $ -- 115,266
Executive -® - - 39,360 39,360
Financial and Administrative 439,179 2,627,385 2,539,266 - - 5,605,830
Legal Counsel --- -_ 74,423 74,423
Comprehensive Planning 28,580 472,705 501,285
Judicial -- 78,778 1,212,792 -- 1,291,570
Other General Government 4,491,358 _ _5,193,741_ 2,404,058 -- 12,0 ,157
Total General Government 4,930,537 7,928,484 6,850 -- __19,716,891
Public Safety:
Law Enforcement 359,962 1,231,998 7,205,184 -- 8,797,144
Fire Control 340,135 194,165 6,198,792 -- 6,733,092
Detention/Correction 4,858,904 7,219,744 9,343 12,087,991
Protective Inspections -- 14,808 183,945 -- 198,753
Emergency and Disaster
Relief Services ®® 36,786 565,182 -- 601,968
Ambulance and Rescueervices -- 13,215 1,674,265 -- 1, 87,480
Medical Examiner -- -- 33,879 -- 33,879
Other Public Safety --- -- 9,750 -- 9,750
Total Public Safety 5,559,001 8,710,716 15, ,340 -- 30,1 ,057
Physical Environment:
Conservation &Resource Mgmt -- -- 20,249 20,249
Other Physical Environment 3,511 -- 3,511
Total Physical Environment -- -_ v 23,7 -- _ 23760
Transportation:
Road and Street Facilities -- 22,012 2,630,373 -- 2,652,385
Airports 1,122,400 2,11 ,344 374,078 -- 3,61 Z822
Parking Facilities 799,963 ®_ __ __ 799,963
Total Transportation 1,922,363 2,138,356 3,004,451 -- 7,065,170
Economic Environment:
Employment Opportunity and
Development -- - 799 799
Industry Development 200,000 -- -- 200,000
Veteran's Services ®_ __ 58,600 58,600
Other Economic Development -- -- 142,636 -- 142,636
Total Economic Environment 200,000 -- 202, 35 402,035
- (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY -CONTINUED
SEPTEMBER 30, 1992
Gonstructlon
Land Bui!gjn� E�me -Ln-!�Lo-g-r!!—ss— Total
Human Services:
Hospitals -- 34,510 171,421 205.931
Health 10,500 353,984 628,293 992,M
Welfare 8500 445,616 446 727 900845
Total Human Services 19,000 834,112 1,246,441 2
,099,55
_
Culture and Recreation:
Ubrarles 63,184 2,168,601 341,768 2,573,553
Parks and Recreation 1,731,162 1,083,844 188,491 m 3,003,497
Other Culture and Recreation 8,300 6,264 865,433 879,997
Total Culture and Recreation ..1,802 E46 3,258,709 1,395,692 6,457047
Construction in Progress 19,749206 19,749 06
Total $ 14,433,547 $ 22,810,377 $ 28,6101589 $ 19,749,206 $ 85663719
J-3
MONROE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERAL FIXED SS
Y FUNCTION T!
FORTHE FISCAL YEAR ENDED SEPTEMBER3 , 19 2
October 1, Transfers September 30,
1991 Additions DeductionsIn out 1992
General Government
Legislative 111,024 $ 5,295 -- -- 1,053 $ 115,266
Execrative 38,373 -- 6,515 5,528 39,360
Financial and Administrative 5,511,566 169,982 24,473 43,077 94,322 5,6 ,830
Legal Counsel 85,570 3,229 14,376 -- -- 74,423
Comprehensive Planning 453,658 61,080 18,118 4,756 91 501,285
Judicial 1,257,512 58,897 21,883 8,14 11,090 1,291,570
Other General Government 11.675,58 2 447 33,347 221,356 6,882 12089157
Total General Government 19 133,286 5 930 112,197 283,838 118,966 19,716,891
Public Safety,
Law Enforcement 8,401,653 1,307,977 912,482 120,454 120,458 8,797,144
Fire Control 6,354,659 565,126 189,117 8,360 5,936 6,733,092
Detention/Correction 12,237,828 29,5 -®- --- 179,420 12,0 ,991
Protective Inspections 173,768 31,963 6,415 563 198,753
Emergency and Disaster Relief Svcs 491,685 110,513 230 601,98
Ambulance and fescue Services 1,569,465 181,102 60,513 19,191 21,765 1,687,480
Medical Examiner 30,056 4,982 1,159 -- -- 33,879
Other Public Safety 9,750 --- -- -- - - 9,750
Total Public Safety 29,2 ,864 2,231,246 1,169,916 148,005 3213,142 3 ,1 ,057
Physical Environment:
Conservation and Resource Mgmt 16,663 6,478 2,892 -- 20,249
Other Physical Environment --- 3,511 -- _- -- 3,511
Total Physical Environment 16,6 91989 2,892 -- 23,760
Transportation:
Road and Street Facilities 2,493,245 311,297 142,838 3,472 12,791 2,65Z385
Airports 3,572,336 33,187 1,128 8,427 ®- 3,61 Z822
Parking Facilities 799,963 ®® -_ -- 799,963
Total Transportation: �6,865,544 344,484 143,966 11.899 12,791 7,065,170
Economic Environment:
Employment Opportunity Development 7 -- __ __ __ 799
Industry Development -- 200, --- 200,000
Veteran's Services 57,087 8,857 7,344 250 250 58,600
Other Economic Development 67,987 76,3 1,736 - - -m 142,636
Total Economic Environment 1 873 2 242 ____%_Q80 250 250 4 2 03
--4 (Coati ed
MONROE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNanON AND ACTIVITY — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTA BED 30, 1992
October 1, --Transfers September 30,
1 ons 991 Additions Deducti In OtA 1992
Human Services:
Hospitals 205,931 -- -- -- 205,931
Health 918,733 90,573 21,932 5,403 992,777
Welfare 937,585 16,958 63,957 80664 70 05 900 45
Total Human Services 2 062 249 107531 85669 86.067 70405 2,099,5
Culture and recreation:
Libraries 2,546,893 26,298 133 495 2,573,553
Parks and Recreation 2,110,327 912,866 19,696 3,003,497
Other CuftLye/Recreation 5 379,997
,062 3,35 93�
Total Culture and Recreation 5,201,282 1,275,099 19,829 495 6,457,047
Construction in Progress 6,330,734 144,806 -- 19,749,:�?�_13,063,278 __
Total $ 6%5 34,495 $ 17,847 799 $ 1,688 575 $ 530,554 $ 530,554 85 6�63 719
J-5
THIS PAGE INTENTIONALLY LEFT BLANK
MONROE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERAL LONG-TERM DEBT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Balance Balance
October 19 September 30,
__ 1991 -Additions Retirements 1992
General Long-Term Debt Payable:
Revenue Bonds Payable:
Improvement Revenue Bonds, Series 1933 $ 1,930,000 $ $ 40,000 1,890,000
Improvement Revenue Bonds,Series 1988A 5,000,000 5,000,000
Improvement Revenue Bonds, Series 1988B 1,885,000 205,000 1,680,000
Sales Tax Bond Anticipation Notes, Series 1990 12,500,000 12,500,000
Sales Tax Revenue Bonds, Series 1991 42,415,000 jl 35,0 00 41,280,000
Total Revenue Bonds Payable 21_,315,QQP_ 42,415,000 13,880,000 49 50000
Installment Loans 234,215 55,209 179,006
Capitalized Lease Obligations:
Board of County Commissioners 153,536 129,641 23,895
Property Appraiser 190,223 49,4 2B 140,795
Total Capitalized Lease Obligations 343,759 179,069 164,690
Accrued Compensated Absences:
Annual Leave:
Board of County Commissioners 780,474 34,163 814,637
Property Appraiser 46,461 1,466 47,927
Sherfff 661,303 372,263 1,033,566
Total Annual Leave 1,488,238 407,892 1,896,130
Compensatory Time:
Board of County Commissioners 37,549 8,764 46313
Sick Leave:
Board of County Commissioners 175,912 15,550 191,462
Tax Collector 39,794 1,796 37,998
Property Appraiser 30,974 1,945 29,029
Sheriff 90178 45,778 135,956
LL -
Total Sick Leave 3361858 61,328 3741 394445
Total Accrued Compensated Absences 1,862,645 477,984 3 741 36__ ,23888
Total General Long-Term Debt Payable �23755.619 $ 4-2 892984- __L4j�18O 19 .52,530,584
J-6
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1983
DESCRIPTION
SEPTEMBER 30, 1992
Refunding Bonds
Series 1983
Original authorization $2,750,000
Unissued 595000
Issued 2,155,000
Retirements through September 30, 1992 265,000
Balance outstanding September 30, 1992 __$1.890000
Date of issue June l, 1983
Maturity range 1984-2011
Principal payment date July I
Interest payment dates January — July
Denominations $5,000
Interest rates:
7.40%Maturities 1984-1990 8.80%Maturities 2000
7.60% Maturities 1991 8.90%Maturities 2001
7.80% Maturities 1992 9.00% Maturities 2002
8.00% Maturities 1993 9.05% Maturities 2003
8.20% Maturities 1994 9.10%Maturities 2004
8.30% Maturities 1995 9.125% Maturities 2005
8.40% Maturities 1996 9.15%Maturities 2006-2007
8,50% Maturities 1997 9.20%Maturities 2008-2009
8,60%Maturities 1998 9.25%Maturities 2010-2D1 1
8.70% Maturities 1999
Average interest cost rate 8.80%
Call feature 1993-1994 102.5
1995-1996 102
1997-1998 101.5
1999-2000 101
2001—Maturity 100.5
Paying agent Florida National Bank of Miami
Miami, Florida
J-7
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1983
DEBT REQUIREMENTS TO MATURITY
SEPTEMBER 30, 1992
$2,155,000
Series 1983 Bonds
Fiscal Original Interest Total
Year Principal Debt Service
1984 $25,000 $205,485 $230,485
1985 25,000 187,829 212,829
1986 25,000 185,979 210,979
1987 25,000 184,129 209,129
1988 30,000 182,279 212,279
1989 30,000 180,059 210,059
1990 30,000 177,839 207,839
1991 35,000 175,619 210,619
1992 40,000 172,959 212,959
1993 45,000 169,839 214,839
1994 45,000 166,239 211,239
1995 50,000 162,549 212,549
1996 55,000 158,399 213,399
1997 60,000 153,779 213,779
1998 65,000 148,679 213,679
1999 70,000 143,089 213,089
2000 75,000 136,999 211,999
2001 80,000 130,399 210,399
2002 90,000 123,278 213,278
2003 95,000 115,178 210,178
2004 105,000 106,581 211,581
2005 115,000 97,026 212,026
2006 125,000 86,532 211,532
2007 135,000 75,095 210,095
2008 150,000 62,742 212,742
2009 165,000 48,942 213,942
2010 175,000 33,762 208,762
2011 190,000 17,575 207,575
2,155}000 r $3,788,859 ___AL,943 859
J-8
MONROE COUNTY, FLORIDA
IMPROVEMENT REVENUE BONDS — SERIES 1988A
DESCRIPTION
SEPTEMBER 30, 1992
Revenue Bonds
Series 1988A
Original authorization $5,000,000
Unissued --
Issued 5,000,000
Retirements through September 30, 1992 --
Balance outstanding September 30, 1992 15,000�000
Date of issue December 1, 1988
Maturity range 1989 — 2008
Principal payment date December 1
Interest payment dates June — December
Denominations $5,000
Interest rates:
6.90%Maturities 1989-1998 7.45%Maturities 2004
7.00%Maturities 1999 7.50%Maturities 2005
7.10%Maturities 2000 7.55%Maturities 2006
7.20%Maturities 2001 7.60%Maturities 2007
7.30%Maturities 2002 7.60%Maturities 2008
7.40%Maturities 2003
Average interest cost rate 7.30%
Call feature 1996-1997 102.0
1997-1998 101.5
1998-1999 101.0
1999-2000 100.5
2000—Maturity 100.0
Paying agent Midatlantic National Bank
and Trust Co.
Fort Lauderdale, Florida
J-9
MONROE COUNTY, FLORIDA
IMPROVEMENT REVENUE BONDS - SERIES 1988A
DEBT REQUIREMENTS TO MATURITY
SEPTEMBER 30, 1992
$5,000,000
Series 1988A Bonds
Fiscal Original Interest Total
Year Principal Debt Service
1989 $184,734 $184,734
1990 369,468 369,468
1991 369,468 369,468
1992 369,468 369,468
1993 369,468 369,468
1994 369,467 369,467
1995 369,467 369,467
1996 369,467 369,467
1997 369,467 369,467
1998 369,467 369,467
1999 190,000 362,912 552,912
2000 345,000 344,233 689,283
2001 370,000 319,072 689,072
2002 395,000 291,718 686,718
2003 420,000 262,167 682,167
2004 455,000 230,003 685,003
2005 485,000 195,101 680,101
2006 525,000 157,348 682,348
2007 560,000 116,520 676,520
2008 605,000 72,390 677,390
2009 650,000 24,700 674,700
,000000 $5,886,155 $10,886,155
J-10
MONROE COUNTY, FLORIDA
IMPROVEMENT REVENUE BONDS — SERIES 1988B
DESCRIPTION
SEPTEMBER 30, 1992
Revenue Bonds
Series 1988B
Original authorization $2,265,000
Unissued
Issued 2,265,000
Retirements through September 30, 1992 585,000
Balance outstanding September 30, 1992 $1,680,000
Date of issue December 1, 1988
Maturity range 1989 - 1998
Principal payment date December 1
Interest payment dales June — December
Denominations $5,000
Interest rates:
5.90%Maturities 1989 6.50%Maturities 1994
6.10%® Maturities 1990 6.60%Maturities 1995
6,20% Maturities 1991 6.70%Maturities 1996
6.30% Maturities 1992 6.80%Maturities 1997
6.40% Maturities 1993 6.90%Maturities 1998
Average interest cost rate 6.40%
Call feature 1996-1997 102.0
1997-1998 101.5
Paying agent Midatlantic National Bank
and Trust Co.
Fort Lauderdale, Florida
J-11
MONROE COUNTY, FLORIDA
IMPROVEMENT REVENUE BONDS - SERIES 1988B
DEBT REQUIREMENTS TO MATURITY
SEPTEMBER 30, 1992
$2,265,000
Series 1988B Bonds
Fiscal Original Interest Total
Year Principal Debt Service
1989 $73,145 $73,145
1990 $185,000 140,833 325,833
1991 195,000 129,428 324,428
1992 205,000 117,125 322,125
1993 220,000 103,440 323,440
1994 235,000 88,990 323,990
1995 250,000 73,745 323,745
1996 265,000 56,875 321,875
1997 280,000 38,750 318,750
1998 300,000 19,170 319,170
1999 130,000 4,484 134,484
_A2,265,000 $845,985 $3,110,985
J-12
MONROE COUNTY, FLORIDA
SALES TAX BOND ANTICIPATION NOTES, SERIES 1990
DESCRIPTION
SEPTEMBER 30, 1992
Sales Tax Bond
Anticipation Notes
Series 1990
Original authorization $ 12,500,000
Unissued
Issued 12,500,000
Retirements through
September 30, 1992 12500000
Balance outstanding
September 30, 1992 $
Date of issue May 15, 1990
Maturity range 1991
Principal payment date November 15
Interest payment date November
Denominations $5,000
Interest rate 6.65%
Average interest cost rate 6.65%
Paying agent First National Bank, N.A.
Tampa, Florida
J-13
MONROE COUNTY, FLORIDA
SALES TAX BOND ANTICIPATION NOTES, SERIES 1990
DEBT REQUIREMENTS TO MATURITY
SEPTEMBER 30, 1992
$1Z500,000
Series 1990 Bonds
Fiscal Original Interest Total
Year Principal Debt Service
1990 $ $ $
1991 ---
1992 12,500,000 1,250,291 13,750,291
$ 12,500,000 $ 1,250,291 $ 13,750,291
J-14
MONROE COUNTY, FLORIDA
SALES TAX REVENUE BONDS — SERIES 1991
DESCRIPTION
SEPTEMBER 30, 1992
Revenue Bonds
Series 1991
Original authorization $43,500,000
Unissued 1,085,000
Issued 42,415,000
Retirements through
September 30, 1992
Balance outstanding
September 30, 1992 $42,41 5000
Date of issue October 1, 1991
Maturity range 1992-2004
Principal payment date April 1
Interest payment date April — October
Denominations $5,000
Interest rates:
4.50% Maturities 1992 5.70%Maturities 1999
4.75% Maturities 1993 5.80%Maturities 2000
5.00% Maturities 1994 5.90%Maturities 2001
5.20% Maturities 1995 6.00%Maturities 2002
5.30% Maturities 1996 6.10%Maturities 2003
5,50% Maturities 1997 6.20%Maturities 2004
5,60% Maturities 1998
Average interest cost rate 5.92%
Call feature 1998-1999 102.0
1999-2000 101.0
2000—Maturity 100.0
Paying agent First Florida an N.A.
Tampa, Florida
J-15
COUNTY,MONROE FLORIDA
SALES TAX REVENUE BONDS — SERIES 1991
DEBT REQUIREMENTS MATURITY
SEPTEMBER , 1992
$42,415,000
Series 1991 Bonds
Fiscal Original Interest 'dotal
Year _ Pri ci I Debt Service
1992 $1,135,000 $1,194,983 $2,329,983
193 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, 0 4,879,650
1997 3,100,000 1,783,830 4,883,830
1998 3,270,000 1,613,30 4,883,330
1999 3,450,000 1,430,210 4,880,210
000 3,60,000 1,233,50 4,883,50
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 4,89,890
4g,415,000 $18,487,573 $60, 2,573
J-16
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 audidor's opinion.
Sources of Data:
• Monroe County Clerk of the Circuit Court—Finance Department
(For Pages K—I — 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 Bankers 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 GENERAL PUBLIC Y I L TRANS— ECONOMIC
YEAR GOVERNMENT SAFETY ENVIRONMENT PORTATION ENVIRONMEN'
1983 $ 7,116, 03 8,659,200 680,819 4,587,694 184,964
1984 8,546,621 9,489,904 759,191 3,353,831 175,431
1985 8,731,943 1 ,189,855 467,548 4,056,687 211,424
1986 9,842,404 13,5 ,790 413,756 3,893,227 2,2 ,02
1987 10, ,172 14,1 ,570 210,678 3,503,429 2,906,704
1988 14,2 ,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, ,253 47,510 5,370, 15 7,332,545
1991 20,040,936 29,3 ,771 531,593 6,078,545 6,96,952
1992 20,956,430 31,6 ,193 668,315 5,923,595 7,81,857
*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 SER\nCE OUTLAY" TOTAL*---
2,186,710 1,748,455 $ 456,561 $ 25,621,306
2,511,116 1,228,840 522,925 58,777,400
2,662,800 2,883,067 986,217 68,305,760
3,427,255 2,466,602 211,159 -- 76,144,968
3,552,902 1,587,689 209,377 2,940,228 88,637,470
4,479,122 2,096,837 659,727 -- 106,299,362
4,783,859 2,342,247 705,704 122,760,103
4,862,131 2,384,354 1,098,596 137,291,973
5,186,247 2,886,706 1,270,761 152,209,937
5,309,346 2,971,243 4,657,447 79,987,426
K-2
MONROE COUNTY, FLORIDA
GENERAL GOVERNMENT REVENUE BY SOURCE
LAST TEN YEARS
LICENSES INTER
FISCAL AND GOVERN— FOR
TAXES PERMITSE T L SERVICES
1983 $ 12,119,173 $ 1,562,069 $ 8,957,683 $ 1,161,977
1984 17,7 ,78 1,327,689 8,2 ,197 1,621,000
1985 17,6 ,566 1,660,046 9,099,749 1,569,089
1986 23,092,462 2,436,048 9,91 ,697 2,584,504
187 25,639,643 1,516,661 9,501,798 2,649,131
1988 32,41 ,904 1,919,763 11,4 ,816 3,438,650
1989 37,9 ,385 2,052,940 18,57 ,790 3,365,050
1990 41,991,855 2,189,09 17,0 ,599 4,007,404
1991 46,67 ,252 2,724,190 14,5 ,582 4,373,229
192 48,195,057 2,284,836 16,678,180 4,757,019
*Includes revenues in General, Special Revenue,Debt Service and Expendable Trust Fund types.
K-3
FINES AND INTEREST MISCEL-
FORFEITURES INCOME ASSESSMENTS LANEOUS TOTAL*
$ 802,376 808,167 $ 328,472 25,739,917
928,425 1,153,259 316,150 31,345,458
1,135,328 1,468,078 363,785 3Z983,641
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 21026,446 79,253,634
K-4
MONROE COUNTY, FLORIDA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
FISCAL TAX TAX PERCENT OF
YEAR LEVY COLLECTION LEVY COLL
1988 11,904,907 11,471,341 96.4
1984 16,098,628 15,367,153 9 .
1985 15,814,489 15,851,860 97.1
1986 20,697,309 19,948,482 96.
1987 22,633,498 21,73Z106 9 .
1988 34,251,268 82,8 ,650 95.9
1989 31,055,120 29,950,942 96.4
1990 34,489,127 33,259,628 96.4
1991 89,5 ,52 38,360,079 96.
1992 40,610,035 89,072,069 96.2
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 b
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.
Property taxes receivable and a corresponding reserve for uncollectible property taxes are included in the
financial statements.
Source: Monroe County Tax Collector
K-5
MONROE COUNTY, FLORIDA
ASSESSED AND ESTIMATED U
LAST TEN YEARS
SAL PROPERTY AL PROPERTY TOTAL
YEAR ASSESSED VALUE VALUE ASSESSED VALUE
1983 2,173,603, 0 160,697,982 2,334,301,042
1984 2,622,121,321 169, ,868 2,791,166,18
1985 2,818,747,746 179y 4,814 2,998,742,560
1986 3,114,511,330 209,495,424 3,324,006,754
1987 3,425,252,146 212, 2,47 3,637,484,573
1988 3,754,724,220 221,643,508 ,976, 7,728
1989 4,208,231,293 261,996,249 4,470,227,542
1990 5,129,539,812 284, . ,021 5,414,468,833
1991 5,616,223,591 299,565,576 5, 15,789,167
192 ,135,74 ,413 305,062,159 6,440,807,572
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 1st.
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
COUNTY,MONROE FLORIDA
PROPERTY VALUE, TI IT
FISCALLAST TEN
FISCALP CONSTRUCTION
A (1 & 2)* SIT **
1983 $ 1,713,643,602 49,283,013 $ 287,256,000
1984 2,079,413,342 63,730,906 32 0,00
1935 2,230,308,056 47,4.55,279 390,889,000
1986 2,410,892,344 64,743,341 465,596,000
1937 2,617,260,573 73,832,930 70, 2,000
1963 2,8 7,161 74,847,145 648,426,000
1939 2,974,503,658 110, ,817 892,242,000
1990 3,667,553,207 156, 7,545 928,728,00
1991 4,049,901,005 122,937,849 18,016,0
1992 4,375,917,282 120, 3,709 663, 72,000
Property value and construction does not include the municipal areas of the County.
Construction amounts include w 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 RATEqAMIL
kAGEj
SCHOOLBOARD COUNTY
TAX YEAR OPERATING DEBT SERVICE OPERATING DEBT SERVICE OTHER* TOTAL
1983 &5290 5.7268 0.0382 1,2630 12.5570
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 132933
1990 5.8570 6.6803 1.1570 13,6943
1991 5m7190 62992 1.1964 13.2146
1992 5.7070 6.8061 1.1945 13108
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
MONROE COUNTY, FLORIDA
PRINCIPAL TAXPAYERS
1992 FISCAL PERCENTAGE
ASSESSED YEAR TAXES OFT T
TAXPAYER" VALUE" COLLECTED* COLLECTED*_
1 Southern Bell $ 56,845,301 $ 764,213 0.0070
2. Casa Marina 43,796,386 715,789 0.0070
3. Cheeca Lodge 23,167,270 321,181 0.0032
4. Hawks Ca y 17,985,690 245,442 0.0025
5. Holiday Inn Key West 17,641,227 289,872 0.0029
6. Pier House 17,281,267 272,599 0.0027
7. Southernmost Hotels 16,425,085 269,889 0.0027
8. Reach 16,254,494 264,415 0.0026
9. Holiday Isle Resort 15,822,152 219,744 0.0029
10. Hyatt Key West 15,188,872 249,576 0.0025
$_�240 IQ7,744 $ 3,612,7 0.0360
Source: Monroe County Tax Collector
Monroe County Property Appraiser
K-9
MONROE COUNTY, FLORIDA
RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
LAST TEN YEARS
GROSS DEBT
ASSESSED BONDED SERVICE
YEAR POPULATION* VALUE** DEBT** FUNDS"
1983 66,605 $ 2,334,301,042 $ 690,000 $ 690,000
1984 68,752 2,791,166,189 -- --
1985 69,945 2,998,742,560
1986 71,378 3,324,006,754
1987 73,137 ,67, 4,57
1988 75,462 ,976, 7,72
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
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, 1992
PERCENTAGE
APPLICABLE TO THIS OVERLAPPING
GOVERNMENTAL UNIT GROSS DEBT GOVERNMENTAL UNIT NET DEBT
Monroe County, Florida $ -- -- $ --
School Bonds* 802,960 100% 802,960
Monroe County does not have any outstanding general obligation debt. The School Board's fiscal year ends
June 30, 1992.
Source: * Monroe County School Board
K-11
MONROE COUNTY, FLORIDA
RATIOL DEBT SERVICE EXPENDITURES
T TO TOTAL GENERAL GOVERNMENT EXPENDITURES
RATIO LAST TEN FISCAL YEARS DEBT
SERVICE T
TOTALOTHER L GENERAL
FISCALT DEBT GOVERNMENT GOVERNMENT
YEAR PRINCIPAL INTEREST EXPENDITURES !
1963 45,000 $ 29,613 -® 74,613 5,0 ,662 0.3
1964 70,000 39,075 916 109,991 25,956,169 .4
1965 710,000 38,425 20,1 CY7 768,532 31,563,502 2.43
1966 136,500 24,054 180 160,734 36,418,8390.44
1937 140,440 11, -- 151,665 43,373,112 0.35
1966 57,560 4,205 -- 61,765 49,9 ,715 0.12
1989 405,728 29,438 435,166 59,600,213 0.73
1990 -- -- -- -- 77, 1 , 49 --
191 350,000 29,925 379,925 78,099,130 0.49
1992 360,000 24,030 384,03093,790,830 0A1
*Debt Service includes principal and interest on general obligation bonds, bond anticipation notes, and other
an and mates payable,
K-1
MONROE COUNTY, FLORIDA
MUNICIPAL SERVICE ! T I m WASTE
SCHEDULE F REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
NET REVENUE DEBT SERVICE REQUIREMENTS
FISCAL GROSS AVAILABLE FOR TIMES
YEAR REVENUE" EXPENSES* DE T SERVICE PRINCIPAL INTEREST TOTAL COVERAGE
1983 4,336,483 $ 3,768,057 568,426 45, 879,620 $ 924,620 0.61
1984 5,794,937 4,60 ,748 1,191,189 50,000 874,558 924,558 1.
1985 6,235,504 4,312,485 1,923,019 55,000 868,933 923,933 2.06
1986 6,466,177 5,400,163 1,07,994 -- 531,702 531,702 2.05
1987 7,956,812 5,136,726 2,820,006 430,000 ,755 1,056,755 2.67
1988 8,236,260 6,644,830 1,591,450 280,000 607,418 887,418 1.79
1969 9,571,847 6,770,541 2,801,306 300,000 589,993 889,993 3.15
1990 11,295,562 8,772,546 2,52 ,036 315,000 569,986 884,986 2.65
1991 13,344,013 10,6 ,916 2,447,097 335,000 547,630 882,630 2.77
1992 14,4 ,040 11,394,292 3,063,748 180,000 615,668 795,668 3.35
* "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 1960 bonds.
If--1
MONROE COUNTY, FLORIDA
SCHEDULE OF INSURANCE COMPANIES
SEPTEMBER 30, 1992
INSURANCE COMPANY POLICY PERIOD
Employees Reinsurance Corporation 10/01/91-92
Insurance Company of No America 03/15/92-93
04/01/92-93
07/01/92-93
07/26/92-93
10/01/91-92
John Alden Life Insurance Company 10/01/91-92
South Carolina Insurance Company 04/03/92-93
John Alden Life Insurance Company 10/01/91-92
United States Fidelity
&Guarantee Company 03/15/92-93
Florida Municipal Liability 10/01/91-92
Western World 03/15/92-93
Scottsdale Insurance Company 06/16/92-93
03/15/92-93
Hartford Life&Accident 12/07/91-09/30/92
Reliance Insurance Company 03/13/92-93
Safeco Insurance Company/Uoyds of London 07/27/92-93
International Surplus Lines Insurance Company 12/20/91-92
K—14
MONROE COUNTY, FLORIDA
SCHEDULE OF INSURANCE AGENCIES
SEPTEMBER 30,1992
EXPIRATIONU
AGENCY DATE PREMIUM
Arthur J. Gallagher 09/ /92 $ 34,952
09/ /92 109,839
09/30/92 166,838
Porter Allen Insurance 03/15/93 12,442
04/01/93 931
04/03/93 16,890
0 / /93 1,228
11/13/92 320
e Johnson's Insurance Agency 03/15/93 180,565
Florida League of Cities 09/ /92 215,335
09/ /92 43,978
03/15/93 2,500
03/15/93 3,864
06/16/93 7,775
1 /92 9,000
The CIMA Companies, Inc. 07/01/93 617
07/01/93 234
John Alden Life Insurance 091 /92 33,102
0 / /92 554,651
Cornelius, Johnson & Clark 03/13/93 32,401
Lance Toland Associates 07/ /93 13,057
Burke, Bogart& Brownell, Inc. 09/ / 2 59,187
09/ /92 10,082
K-15
MONROE COUNTY, FLORIDA
SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS
SEPTEMBER 30,1992
ANNUAL AMOUNT OF
NAME AND TITLE OF OFFICIAL SALARY SURETY BOND
Wilhelmina Harvey — Chairman,Board of County Commissioners $ 26,152 2,000
Earl Cheal — Member, Board of County Commissioners 26,152 2,000
Douglas Jones — Member, Board of County Commissioners 26,152 2,000
John Stormont — Member, Board of County Commissioners 26,152 2,000
Jack London — Member, Board of County Commissioners 26,152 2,000
Danny L. Kolhage — Clerk of Circuit Court and Chief Financial Officer 64,062 5,000
Richard D. Roth — Sheriff 69,204 15,000
Harry L. Sawyer, Jr. — Supervisor of Elections 53,642 5,000
Ervin A. Higgs — Property Appraiser 64,062 20,000
Harry F. Knight — Tax Collector 64,062 25,000
Thomas W. Brown — County Administrator 69,874 --
K-16
MONROE COUNTY, FLORIDA
DEMOGRAPHIC STATISTICAL DATA
LAST TEN YEARS
PER IT MEDIAN T
YEAR PU (1) INgPME ( } 2 ENROLLMENT (3 RATE PERCENTAGE ( )
1983 66,605 $ 10,409 36.6 7,34.8 6.
1984 68,752 11,300 36.7 7,231 4.1
1985 69,945 12,989 36.9 6,913 3.
1986 71,378 1 ,021 37.3 7,138 3.
1987 73,137 15,666 NA 7,515 2.8
1988 75,462 17,442 NA 7,575 2.6
1989 76,780 19,185 NA 8,198 2.5
1990 78,024 19,752 NA 8,490 3.1
1991 79,536 NA NA 8,338 4.
1992 80,968 NA NA 8,862 8.5
A - Data Not Currently Available
Sources:
1. University of Florida, Bureau of Economic & Business Research
. Department of Commerce, Bureau of Economic Research
3. Monroe County School Board
4. Florida Department of Labor and Employment Security
--17
MONROE COUNTY, FLORIDA
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30,1992
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 I
Number of Administrators 21
Present area: 1,034 square miles Number of Teachers 534
Source: Monroe County School Board
POPULATION:
Date Residents Increase% EMPLOYEES:
Property Appraiser 41
1983 66,605 1.30% Tax Collector 49
1984 68,752 3.22% Board of County Commissioners 627
1985 69,945 1.74% Clerk of Circuit Court 101
1986 71,378 2,05% Supervisor of Elections 9
1987 73,137 2.46% Sheriff 431
1988 75,462 3.18%
1989 76,780 1.75%
1990 78,024 1.62%
1991 79,536 1.94% AMBULANCE SERVICE:
1992 80,968 1.80% Number of vehicles 15
Number of employees 48
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 Natured Resources, Bureau of
Park Planning Source: Monroe County Sheriff's
Department
K-18
ELECTIONS:
Presidential Preference March 10, 1992 Number of Democrats 20,766
Number of registered voters 36,179 Number of Republicans 16,659
Number of voters 12,807 Number of Other—Independent 3,895
Percentage of voter turnout 35.40%
First Primary September 1, 1992 PUBLIC LIBRARIES:
Number of registered voters 38,542 Number of librarie 4
Number of voters 10,417 Library Holdings 175,887
Percentage of voter turnout 27.03%
Source: Monroe County Supervisor of Elections
HEALTH CARE: FIRE PROTECTION:
Medical Facilities Number of Beds Number of station 10
Health Systems—Depoo 49 Number of voluntc 304
Fishermans Hospital 58
Health Systems—Fla Keys 120
Mariners Hospital 42
Source: Agency for Health Care Administration ROAD MILEAGE:
Office of Health Facility Regulation Paved streets: 337.5
Unpaved streets: 116.5
K-19
KEMP & GREEN, P.A.
Certified Publk Accountants
1438 KENNEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 33041-1529 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 AOCOUNTANTS
STATE
UNANCIAL AS115LANC
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, 1992, and have issued our
report thereon dated February 26, 1993. These general purpose financial
statements are the responsibility of the County's management. Our respons i bi 1 i ty
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.
CA-
Kemp & Green, P.A.
Certified Public Accountants
February 26, 1993
L-1
MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Federal
Federal Grantor/Pass—Through Grantor CFDA Grant Balances
Program Title Number ID Number October 1, 1991
Denartment of Health and Human Services
Passed through State Department of
Health and Rehabilitative Services
and Dade & Monroe Counties Alliance
for Aging:
Transportation 111-13 1992 13.633 KG251 $
Transportation 111-13 1991 13.633 KG151 (4,15,3)
Nutrition C-1 1992 13.635 KG251
Nutrition C-1 1991 13.635 KG151 (4,528)
Nutrition C-11 1992 13.635 KG251
Nutrition C-11 1991 13.635 KG151 (6,940)
USDA 1991 13.635 91-4-1051
USDA 1992 13.635 US 251
Homemakers 111-1) 1992 13.641 KG251
Homemakers 111—D 1991 13.641 KG151 (659)
Information& Referral 111-13 1992 13.633 KG251
Information& Referral III— 1991 13.633 KG151 (784)
Passed through State Department of
Community Affairs:
Community Services Block Grant Grace Jones 13.792 91SB-92-11-54-01-076 1,032
Community Services Block Grant Grace Jones 13.792 92SB-69-11-54-01-074
Total Department (16,032)
Department of Housinq and Urban Development
Direct Program:
Housing Authority — HUD Grant 14.174 R86—HG-12-0236
Housing Authority — HUD Grant 14.174 R89—HG-12-0236 (5,482)
Housing Authority — HUD Grant 14.174 R90—HG-12-0236
Total Department (5,482)
Direct Program:
L-2
Matching
Contributions and
Cash MisceRaneous Balances
Receipts Revenues Expenditures Refunds September 30, 1992
126,784 $ 27,673 $ 147,343 $ $ (7,114)
44,030 7,500 54,814 869
97,647 47,606 143,013 (2,240)
32,290 17,565 52,073 2,310
94,218 37,980 132,415 217
26,608 17,122 49,319 1,351
14,631 14,631
19,526 19,526
11,707 1,416 13,360 237
11,932 1,014 12,980 625
13,268 1,528 14,825 29
6,857 400 7,147 894
1,032
2,640 --- 3,124 484
503,170 159,804 664,570 6,049 (8,38
26,019 26,019
7,605 13,087
6,452 4,182 (2,270)
40,076 43,288 (2,270)
The accompanying notes are an integral part of this schedule.
L-3 (Continued)
COUNTY,MONROE FLORIDA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Federal
Federal r tor/ ass-Through Grantor CFDA GrantBalances
Program Title Number ID Number October 1, 1991
Traffic Enforcement Officer 1992 15,612 1 -1 - 0 - 0- 1 ®-
Traffic Enforcement Officer 1991 15.612 14-16-0004-90-912 40,000
Total Department 40,000
apart ent of the Justice
Passed through Department of
Community Affairs:
MetropolitanHigh Intensity Drug Trafficking Area None 91 HJCXK034 (137,131)
Anti-Drug Abuse Administration 16.57 1-CJ- -11-5 - 1-077 3,985
Anti-DrugAbuse WorkeI -1991 16.5 1- - -11-54-01-075 39,200
Anti-Drug Abuse Work Release-1992 16, 92- - -11- 4-01-029
Anti-Drug Abuse Pretrial - 1991 16,579 91- -11-54- 1-076 16,647
Anti-Drug Abuse Pretrial - 1992 16.5 92-CJ- -11-54-01--1 Anti-DrugA D.A.R.E. - 1991 16.5 1-CJ- -11-54-01-07 18,888
Anti-Drug Abuse .A.R. . - 1992 16.579 2-CJ- -11- 4-01-026 --
Total Department L58,211)
DqpqqMgnLq1qkLof
Passed through National Council
on the Aging, Inc.:
Senior Community Service Project 1992 17. - 5-2- -61-55-6 -1 ®-
Senior Community Service Project 1991 17.2 9-1- 6 -11- -02-12 28,843
Passed through South Florida
Employment&Training Consortium:
JTPA Intake Title IIA 1992 17.2 2-PY'92-47-00 --
JTPA Intake Title IIA 1991 17. 2-PY91-14-00 2,803
JTPA Liasion 1992 1 . 2-PY91-42-00 3,167
JTPA Liasion 1993 17.250 2-PY92-35-00JTPA Title I 1989 17.2 2-PY66- -00 (2 )
JTPA Title IIA 1990 17.2 - Y6 - - (1,566)
PA Title I B 1992/SYETC 17.2 -1 - 1 --
JTPA Title II B 1991/SYETC 17.2 1- -1 -0 ®-
JTPA Title I/Older Workers Program 17. 1- Y' -1 - (1,042)
L-
Matching
Contributions
Cash Miscellaneous s
Receiptseven p! ditur Refunds September 30, 1992
40,000 40,000 -
--
80,000 40,000 -_
341,830 -® 596,902 -- 117,941
3,985 ®- --
51,055 3,951 15,806 -- --
32,466 15,170 60,679 13,043
17,765 4,789 5,707 -- --
23,102 10,481 41,923 8,340
15,127 3,761 -- -- --
214 24,476 97,905 25,215
533,544 62,62B 818,922 164,539
21,993 53,360 31,367
176,266 -- 147,423 -- --
2,966 13,773 10,807
39,915 37,1 -- (3)
18,999 1,388 17,773 -- 553
-- -- 9,432 -- 9,432
-- -- 169 -- (114)
-- -- 1,566
3,710 20,674 -- 16,964
841 841 -- --
-- -- 1,04
The accompanying notes are an Integral part of thisschedule.
- (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Federal
Federal r for s— rou Grantor CFDA Grant Balances
Proqram Title Number ID Number October 1, 1991
JTPA Title II —Incentive Award 17.2 -- (3)
Total Department 31,91
Department of nso do
Direct Program:
Key West AlP-02 M aster P Ian 20.1063-12— 37-02 20,351
Key West AIP-03 Noise Study 20.1063-12— 37-03 15,627
Key West AIP-04Apron Expansion 20.106 3-12— 37-04 7,648
Key West AIp-05 Terminal Restrooms 20.106 3-12-0037-05 6,100
Key WestIP-0 eac Tower 20.1 3-12-0037-06 1,938
Key WestAI —06 Environmental Assessment 20.106 3-12— 37-06 90,198
Key West AIP-06 Stormwater Runoff 20.1063-12-0037-06 107,577
Key West AIP-06 Federad Inspection Station 20.1 3-12— 37-06 8,701
Key West AIP-06 Termirial Renovations 20.106 3-12-0037-06 27,300
Key West AIP-06 Sewage Treatment Plant 20.106 3-12-0037-06 5,901
Key West AIp-07 Federal Insp. St. — Phase 11 20.1 3-12— 37-07 --
Marathon AIP-06 Noise Study 20.106 3-12— —06 24,844
Marathon I —07 Beacon &Tower 20.106 3-12— —07 6, 79
Marathon IP-07 East Apron 20.106 3-12— —07 17,849
Marathon IP-07 West Apron 20.106 3-12— —07 5,208
Marathon AI —07 Safety Overrun 20.106 3-12— —07 36,745
Marathon AIP-03 Sewage Treatment Plant 20.1 3-12-0044-08 211
Marathon I —03 Aircraft Apron & Lighting 20.1 3-12-0044-08 1 ,471
Marathon 1 — 3 Stormwater Runoff Study 20.1063-12-0044-08 95,660
Marathon I —06 Terminal Phase 20.106 3-12-0044-08115,
Marathon AIP-03 New Passenger Terminal 20.106 3-1 — 44-0 18,363
Passed through Department of Community
Affairs:
Traffic Studies Equipment 20. —92-12-04— --
pavement Marking Program 2 .6 F —92-12-03-01 ---
Total Department 632,529
Federal erency Mana emient Agency
L-6
Matching
Contributions and
Cash Miscellaneous Balances
Receipts Revenues Refunds September 30, 1992
3
264,690 1,388 303,165 69,006
15,160 5,191 --
15,627 327 3,267 2,940
8,348 700
6,100 --
42,011 5,015 50,151 5,063
121,662 3,496 34,960
124,961 1,931 19,315
33,663 8,321 33,283
47,749 8,126 32,503 3,92B
13,941 2,680 10,720
73 158 85
21,939 6,154 3,440 191
6,979
17,849
5,208 --
39,580 315 3,150
12,587 3,919 15,675 1,353
49,913 4,216 42,154 5,496
102,469 756 7,565
219,787 44,165 176,662 28,595
90,499 14,661 146,609 59,812
-- 19,536 19,536
17,500 -- 17,500
1,007,432 115,446 617,348 126,999
The accompanying notes are an Integral part of this schedule,
L-7 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE - CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Federal
Federal Grantor/Pass-Through Grantor CFDA Grant Balances
Pr' rare Title Number ID Number October 1, 1991
Passed through State Department of
Community Affairs:
Civil Defense Emergency Management 1991 83.503 91-EM-48-11-54-10-,039 5,930
Radiological Emergency Preparedness 1991 83.505 91-EP-56-1 1- -10- 2 (44,235)
Radiological Emergency Preparedness 1992 83.505 92-EP-81-11- -10-002
Warning&Communications-RACES Radio 83.513 92-EO-63-11-54-10-007
Total Department (38,305)
Total Federal Financial Assistance $ 586,418
..............
L-8
Matching
Contributions and
Cash Miscellaneous Balances
Rece��ts.......... Revenues -9TTiq!!Ms - Refunds September 30, 1992
20,93D 15,000
®® 44,235
113,534 92,573 (20,961)
8,925 8,925 17,850,
143,389 8,925 125,423 44,235 (20,,961)
2,57Z301 $ 348,191 $ 2,61?j16 $ 328 926
The accompanying notes are an integral part of this schedule.
L-9
MONROE COUNTY, FLORIDA
SCHEDULE OF STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Grant Balances
Program Title ID Number October 1, 1991
Florida Department of Health and
Rehabilitative Services
Direct Program:
Community Care for Disabled Adults 1993 KG-162 $ --
Community Care for Disabled Adults 1992 KG-147 21,551
Emergency Medical Service Trust-1988 LC-855 (571)
EMS County Award 1992 M2357 --
EMS County Award 1992 M2359 --
EMS County Award 1992 M2360 --
EMS County Award 1992 M2356 --
EMS County Award 1992 C9144 --
EMS County Award 1991 LP363 (96,017)
EMS Matching Grant — Safety Mask M2091 --
EMS Matching Grant 1991 M0130 (4,291)
EMS Matching Grant 1991 M0131 (229)
EMS Matching Grant 1992 M1166 (110,988)
EMS Matching Grant 1992 M1167 (16,308)
EMS Matching Grant 1992 M1168 (41,023)
Pass through Dade& Monroe Counties
Alliance for Aging:
Alzheimer's Disease Initiative — 1992 KG197 --
Alzheimer's Disease Initiative — 1993 KG297 --
Community Care for Elderly 1993 KG251E --
Community Care for Elderly 1992 KG151E 29,644
Community Care for Elderly Diversion Program 1991 KG951D 3,922
Community Care for Elderly Diversion Program 1992 KG151D (2,038)
Community Care for Elderly Diversion Program 1993 KG251D --
Total Department (216,348)
Florida Department of Law Enforcement
Direct Program:
State Crime Lab -- --
Total Department --
L-10
Matching
Contributions and
Cash Miscellaneous Balances
eceipRevenues Expenditures Refunds �S�Ietember 30, 1992
9,344 $ 3,114 $ 32,410 $ $ 19,952
115,026 10,869 104,344
-- -- (571)
40,000 (40,000)
14,950 (14,950)
14,849 12,770 25,540 (2,079)
10,000 (10,000)
110,907 (110,907)
-- (96,017)
2,500 2,500 5,000
4,291
-- 229
63,509 124,527 12,988 (36,982)
-- 6,961 10,281 12,988
25,976 160 321 (66,838)
20,188 2,577 2Z665 (100)
7,681 11,188 3,507
125,197 30,676 162,143 6,270
480,120 46,509 486,460 10,525
3,922 --
43,909 42,147 3,800
9,500 15,802 6,302
1,034,069 179,645 1,042,828 44,821 -__(342,413)
58,837 58,837
58,837 58,837
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, 1992
Grant Balances
Program Title ID Number October 1, 1991
Floridapppartment of Community Affairs
Direct Program:
Clerk of Circuit Court—CJIS Maintenance 470
Emergency a ent Assistance — 7-11— —1 —Hazardous Marterials Emergency Plan 91 —72-11-54— — (1,186)
Land Development Regulation Assistance Program 91— —11-5 —01— 1 20,689
Stipulated Settlement Agreement 2—C —5 —1 — —01-652 --
Land Accluisition Program 3 —54-11— — 1 (39,347)
Total Department 19,374
Department of Natural Resources
Direct Program:
indley Key C6944 3
Derelict Vessel Removal Phase 11 C 6 0 23,102
Boating Improvement Program C7443 3,250
aloosa Cove C6530 6,468
! Recreation Development Assistance Program C7155 --
erect Vessel Removal C7424 --
Boating Impact Management Plan C7442 ——
Dating Improvement Program inley Key Marker C7452 Land &Water Conservation Fund Program C7468 Boating Improvement Program — Summerland Key Marker C711
Lake Passage Channel Mari<ers 15& 17 C712 --
Boating Improvement Program --Tavernier Creek Marker C7547 —®
Lakes Passage Channel Marker C7549 --
Water Quality Monitoring Plan C7620 --
indley Key Pass#15 C75 --
Tavernier Creek#12 C7735 --
Derelict Vessel C7829 --
Boating Improvement Program — Duck Key#2 C7830 --
Total Department 32,823
Floridaepa en
Direct ro ra :
State Aid to Libraries 92—ST-41 --
L-12
Matching
Contributibns
Cash Miscellaneous
Revenues Refunds September 30, 1992
6,110 -- 5,640 -- --
-- -- 21,585 21,585
-- -- 1,146 -- (40)
46,810 -- 26,121 ---
-- -- 61,750 61,750
-- _- 39,347 -- --
52,920 -- 155,589 -- 83,295
,476 -- 10,374 --
3,20 __ --
120,000 85,807 199,339 -- ®-
-- -- 150,000 -- 150,000
-- ®- 60,539 60,539
16,875 22,223 -- 5,348
1,750 -- 1,750
-- -- 98,190 98,190
2,770 2,77 -- -®
4,770 -- 4,770 -- -1,488 ®® 1,488 -- ®®
12,800 12,800
-- -- 75,000 75,000
870 870
-- -- 1,800 -- 1,80
1,736 1,736
-- __ 2,347 -- 2,347
198,049 85,810 645,996 394,960
102,061 -- 102,061 -- --
The accompanying notes are an integral ischedule.
-13 (Continued)
MONROE COUNTY, FLORIDA
SCHEDULE OF STATE FINANCIAL ASSISTANCE — CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Grant Balances
Pro ram Tit to ID Number October 1, 1991
Pigeon Key Restoration Project 15,000
Total Department 15,000
Florida Department of Environmental Reaulation
Direct Program:
atrophic ion Study CM-300
Solid Waste Recycling &Education RE92-42
Waste Tire Solid Waste #3 WT92-42
Total Department
Florida Department of Transporation
Direct Program:
Long Range Transportation Plan 6596618
Key West AIP — Safety Zone 6826760
Key West AIP-02 Master Plan 6826709 3,437
Key West AIP-03 Noise Study 6826653 47
Key West AIP-04 Apron Expansion 6826654 425
Key West AIP-05 Terminal Restrooms 6826659 339
Key West AIP-06 Parking 6826695 51,898
Key West AIP-06 Beacon &Tower 6826694 108
Key West AIP-06 Environmental Assessment Plan 6826657 5,011
Key West AIP-06 Stormwater Runoff to 6826668 5,977
Key West AIP-06 Feder d Inspection Station 6826679 1,450
Key West AIP-06 Federal Inspection Station 6826679
Key West AIP-06 Terminal Renovations 6826662 4,550
Key West Al P—06 Sewage Treatment Plant 6826642 984
Marathon AIP-04 Master Plan 6596606 194
Marathon AIP-06 Noise Study 6826652 271
Marathon AIP-07 Safety Overrun 6826650 7,500
Marathon—Development of Regional Impact 6826670 86,520
Marathon AIP-08 Sewage Treatment Plant 6826700 364
Marathon AIP-08 Stormwater Runoff to 6826666 5,315
Marathon AIP-08 Terminal Phase 6826631 19,314
Marathon AIP-08 New Passenger Terminal Complex 6826747 1,020
L-14
Matching
Contributions and
Cash Miscellaneous Balances
Receipts Revenues Expenditures Refunds September 30, 1,992
15,000 --
117,061 -- 102,061
-_ ,000
®m --
35,463 96,702 61,239
22,943 -_ --
106,406 -- 167,645 -- 61,239
20,000 12,3152,315
-_ 7
425
-- 339 --
66, 10 327,416 654,831 312,695
5,015 2,507
5,877 1,748 3,496 -- 882
6,894 5 1,931 49
11,140 4,160 8,321 __ (5,529)
_- 37 7336
1 ,1 _. (7,209)
8
, -- 5,1 )
194
-- 271
7,500 --
91,947 10,865 1,730 5,438
4,009 1, -- (1,685)
5,693 78 756
90,427 22,083 ,1 _- (49,031)
1,020 7,331 14,661 -- 7,330
The accompanying notes are an integral part of thisschedule. (Continued)
-1
MONROE COUNTY, FLORIDA
SCHEDULE OF STATE FINANCIAL ASSISTANCE — CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1992
Grant Balances
ID Number October 1, 1991
Marathon Airport Parking Lot 6826703 6,846
Marathon AIP-08 Aircraft&Apron Lighting 6826717 971
Total Department 202,541
Clean Florida Commission
Direct Program:
Utter Prevention 15-91-92 --
Utter Prevention 25-90-91 (19
Total Department
South FL Water Management District
Direct Program:
Wildlife Pond Aeration C91-2525
Stormwater Management Ordinance C90-1414
Total Department
of State Financial Assistance $ 14,624
L-16
Matching
Contributions and
Cash Miscellaneous Balances
Receipts v nues Expenditures Ref n September 30, 1992
14,374 12,602 25,203 5,073
2,749 2,103 4,216 330
351,942 41 ,315 851,438 285,722
25,000 1,663 3,366 -- (23,317)
_— -- 13
25,000 1,663 3, 4 -- (23,317)
1,500 —— 9 —— ( 66)
12,500 36,125 23,626
14,000 37,060 23,060
1,958,284 $ 683,453 3,064,838 $ 44,821482,546
e accompanying notes are an integral ischedule.
L-17
MOHRQE& TY, F PI
�jEPTEMBER 30, 1992
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 GovernMgnt
(A-128) .
sporting 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 for 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 of 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
su scept i ble-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
26, 1993 there were no material questioned or disallowed costs as a result of
grant audits in process or completed.
L-18
NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE
SEPTEMBER-30., 1992
NOTE 3 - MAJOR GRANTS
These programs represent Major Grants of the County for the fiscal year ended
September 30, 1992 as defined by OMB Circular A-128. The percentage of federal
expenditures for major grants is computed as follows:
Total Expenditures $ 2,612,716
Less: Matching Portions 348.191
Total Federal Expenditures
Federal Expenditures of Major Programs:
Airport, CFO A 20.106 464,866
Metropolitan High Intensity Drug
Trafficking Area, no CFDA 596.902
061 768
Percentage of Major to Total Federal
Expenditures 47%
L-19
KEMP U GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 3304 1-1 529 MEMBER OF AMERICAN INSTITUN
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
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, 1992, and have issued our
report thereon dated February 26, 1993.
We have applied procedures to test Monroe County, Florida's compliance with the
following requirements applicable to each of its federal financial assistance
programs, the major programs of which are identified in the Schedule of Federal
Financial Assistance, for the year ended September 30, 1992:
Political Activity
Civil Rights
Cash Management
Federal Financial Reports
Allowable Costs/Cost Principles
Drug-free or 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 is 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
atr
i dibution is not limited.
D & I
Kemp & teen, P.A.
Certified Public Accountants
February 28, 1993
L-20
KEMP & GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 33041-1529 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
1NDEPE
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, 1992, and have issued our
report thereon dated February 26, 1993.
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, 1992. The management of the County
is responsible for the County's compliance with those requirements. Our
responsibility is to express an opinion on compliance with those requirements
based on our audit.
We conducted our audit of compliance with those requirements in accordance with
generally accepted auditing standards, Government Auditing Standards, issued by
the Comptroller General of the United States, and OMB Circular A-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.
The results of our audit procedures disclosed immaterial instances of
noncompliance with the requirements referred to above, which are described in the
accompanying Schedule of Findings and Questioned Costs® We considered these
instances of noncompliance in forming our opinion, which is expressed in the
following paragraph.
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, 1992.
L-21
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 26, 1993
L-22
KEMP & GREEN, P.A.
Certified Public Accountants
1438 KEN NEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 3,3041-1529 MEMBER OF AMERICAN INSTITME
A.A. 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 OR-0MRUARU-Y1!R-SPEC C REOUIREMENTS APPLTrARI F
TO Na OR FEDERAL FINANCIAL ASSISTAaU PROHAM TRANSACIIONS
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, 1992, and have issued our
report thereon dated February 26, 1993.
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,
1992. 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. 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.
Kemp & Green, P.A.
Certified Public Accountants
February 26, 1993
L-23
KEMP V 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 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, 1992 and have
issued our report thereon dated February 26, 1993. 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 26, 1993.
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, 1992, 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 26, 1993.
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
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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
Treasury/Financing
Revenues/Receipts
Purchases/Disbursements
External Financial Reporting
Payroll/Personnel
Controls Used in Administering_ Individual Federal
Financial Assistance Programs
General Requirements
Political Activity
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, 1992, The County expended 60% of its total
federal financial assistance under major federal financial assistance programs
and the following nonmajor federal financial assistance program - Nutrition.
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
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financial assistance programs, is are identified in the accompanying Schedule
of Federal Financial Assistance, and the aforementioned nonmajor programs. 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.
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 it constitute material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in is the design or
operation of one or more of the internal control structure elements does not
reduce to a relatively to level the risk that noncompliance with laws and
regulations that would be material to a federal financial assistance program may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions® 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 26, 1993.
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.
VA-
Kemp & Green, P.A.
Certified Public Accountants
February 26, 1993
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SCHEDULE OF FINDINGS-ARQ-QUEST JQREQ-!M
FOR THE YEAR ENDED SETS ER 30, 1992
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Questioned
Program Fin di"./Non COMDliance Costs
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All prior year findings and questioned costs were resolved with the exception of
the following®
Airport I"rovement-Proqram - Federal
1. Grant Nos.
3-12-0037-05 None of the four major contracts selected
3-12-0044-07 between the County and its Vendors contained
provisions requiring compliance with the
Clean it Act, the Clean Water Act or
Environmental Protection Agency regulations,
as required for contracts over $100,000.
Solid Waste Grant State
I. Grant No.
RE 90-42 Costs of $15 for equipment maintenance and $ 1,683
$1,668 for services rendered in connection
with the hauling of bales to a recycler
appear to be improperly charged to this
grant. The provisions of the grant clearly
state that funds shall not be used to
duplicate existing recycling programs. It
appears that the hauling costs would more
appropriately be charged to the County's
existing recycling program. The equipment
maintenance was charged to the grant as a
capital cost, which does not appear reasonable
in terms of the amount and its description.
DER has been contacted by the County relative
to the questioned costs. The County has
received no response to date.
General Federal Requirements - Drug Free Workplace
The County has developed a drug free workplace policy which was distributed to
all employees per County staff. Three employees from a sample of fifty did not
have the required notification relative to the drug free work place policy.
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