Fiscal Year 1989 u
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Monroe County
Key West, Florida
Comprehensive Annual Financial Report
Fiscal Year Ended September 30, 1989
Prepared by: Taryn L. Medina
The Finance Department Finance Director
Monroe County, Key West, Florida
County Officials
Michael H. Puto
Chairman
Douglas Jones Wilhelmina Harvey
Commissioner Commissioner
John Stormont Eugene R. Lytton, Sr.
Commissioner Commissioner
Thomas W. Brown Danny Kolhage
County Administrator Clerk of the Court
and
Chief Financial Officer
ONROE COUNTY, FLORIDA VOTERS
ELECT
SATE T SUPERVISOR BOARD of PROPERTY CLERK
ATTORNEY SHERIFF COLLECTOR of ELECTIONS COUNTY COURTS COUR'
COMM. APPRAISER
APPOINTS
COUNTY COUNTY M SD
ATTORNEY
ADMINISTRATOR
APPOINTS
yEgpNg ADMINISTRATIVE
AFFAIRS SUPPORT and SAFETY
Management Public Community Growth Public
Services Safety Services Management Works
Director Director Director Director Director
'4•I''T•A• Radio Card Sound Bridge
Intergov. and
Affadrs Communitcation FEE]
Road Authority
Emergency
r_L LHuman Airport Public Facilities
Medical Building
ces Services Maintenance
Services
Planning and
(;rants Civil Social Development Central
Management Defense Services P Garages
Review
Office of Office of Extension Environmental Roads
ManegemsntFFire and
H
end Budget Marshall Services Resources Bridges
L—Iinformation Translator Library LIM
En ineerinSyst.E s Hoard Services g g
111
MONROE COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1989
TABLE OF CONTENTS
Introductory Section
PAGES
TitlePage ............................................................. i
County Officials .......................... ii
Organizational Chart ................................................... iii
Tableof Contents ...................................................... iv-vii
Transmittal Letter of the Clerk of the Circuit Court ................... viii-xx
Certificate of Achievement for Excellence in Financial Reporting ....... xxi
Financial Section
Auditor's Reports........................................................ 1-4
COMBINED FINANCIAL STATEMENTS:
General Purpose Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups. ....... 5-8,
Combined Statement of Revenues, Expenditures and Changes in
Fund Balances - All Governmental Fund Types and Expendable.
TrustFunds....................................... ................... gain
Combined Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual General, Special Revenue, -
Debt Service and Capital Project Funds...... 11-14
Combined Statement Revenues, Expenses and Changes in Retained
Earnings - All Proprietary Fund Types................................... 15-
Combined Statement of Changes in Financial Position - All
ProprietaryFund Types.................................................. 16
Notes to the Financial Statements........................................ 17-37
COMBINING AND INDIVIDUAL STATEMENTS - SUPPLEMENTAL INFORMATION
GOVERNMENTAL FUND TYPES:
General Fund
Statement of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual............................................. 38-4-9
Special Revenue Funds
CombiningBalance Sheet.................................................. 43-48
Combining Statement of Revenues, Expenditures and Changes
inFund Balances........................................................ 49-54
iv
PAGES
§p2Lial Revenue Funds: (Continued)
Staten,ents of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual:
Community Developnent Block Grant... ......--...................... %
Fireand Forfeiture.................................................... 56
Roadand Bridge............................... ........................ 57
LawLibrary........ ............ ............................... ...... 58
Tourist Developent, District One...................................... 59
Tourist Develornent, District Two...................................... 60
Tourist Developnent, District Three.................................... 61
Tourist Develop-nent, District Four............. ....................... 62
Tourist Development, District Five..................................... 63
Fire and Ambulance, District # 1, Lower and Middle Keys ............... 64-65
Fire and Anibulance, District # 5, Tavernier........................... 66
Fire and Ambulance, District # 6, Key Largo............................ 67
Translator System Service District..................................... 68
Special Road District - Cross Key Waterway Estates...........—...-- 69
Special Road District - Venetian Drive................................. 70
Mariners Hospital District............................................. 71
Unincorporated Area Service District - Planning, Building
andZoning......... ... ............................. .....--...... 72-73
Unincorporated Area Service District- Parks and Recmation............ 74
Upper Keys Health Cam Special Taxing District ........................ 75
ComprehensiveLand Use Plan ..............--......... .............. 76
Debt Service Funds
Combining Balance Sheet ....... .................... .................... 77
Combining Statement of Revenues, Expenditures and Changes
inFund Balances...............--.................................... 78
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual ..—............................... 70-80
2pj!�aj Project Funds
Combing Balance Sheet....—...... ....... ............. 81
Combining Statement of Revenues, Expenditures and Changes
inFund Balances...... ........ ...... .................... ...... 82
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual... ............ ............. 83-86
PROPRIETARY FUND TYPES:
Enterprise funds
Combining Balance Sheet .......... ......................... ........... 87-PA
Combining Statement of Revenues, Expenses and Changes
inRetained Earnings ......... ..........----..................... 89
Combining Statement of Changes in Financial Position .................... 90
v
Enter Funds: FAGES
_
Schedule of Expenditures - Budget and Actual
Municipal Service District Waste ................,...................... 91
Card Sound Bridge ................................................
...... .92
Municipal Service District Waste
Revenue Bond Issue - Description ...................... 93
Schedule of Debt Service Requirements.................................... 94
Internal Service Funds
Combining Balance Sheet.......................,.......................... nG
Combining Statement of Revenues, Expenses and Changes
inRetained Earnings ................................................... 96
Combining Statement of Changes in Financial Position .................... 97
Schedule of Expenditures - Budget and Actual
WOrkmEns Compensation ................................,................. 98
Group insurance .,...................................................~.. 99
RfSkManagenent .,..................,..,.................".......~..,.. IOO
FIDUCIARY FUNDS AND ACCOUNT GROUPS:
Trust and Ana�cv Funds
�����
Combining Balance Sheet......................................,.....,...,. I0I~IO2
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Expendable Trust Funds...........°..........,........ 103
Combining Statement of Changes in Assets and Liabilities -
AgencyFunds............................................................ I04-I05
XcCnunt ,�roups Schedules '
Schedule of �r�pral Fixed Assets bySource..............,................ I06
Schedule of General Fixed Assets by Function and Activity................ 107-IT
Schedule of Changes in General Fixed Assets by Function _
and Activity..............~,........................................... I09_112
Schedule of General Debt ........................___........ I13
Schedule Of Changes in General Long Term Debt ........................... II4-II5
Refunding Improvement Revenue Bonds - Series IT- 3 Revenue
Bond Issues - Description............................................... 1I6
Refunding Improveremt Revenue Bonds - Series 1963 Schedule
Of Debt Service Requirenent5~...............................~.......^° 117
ImprovaTmt Revenue Bonds - Series Ig88 A Series
Bond Series Description ...............................,,............... 1I8
Improvement Revenue Bonds - Series I988 A Series Schedule
ofDebt Service Requirements ........................................... 119
Improvement Revenue Bonds - Series I9D8 B Series
Bond Issue-Description ................................................. I20
Improvement Revenue Bonds - Series I988 D Series Schedules
Of Debt Service Requirements ...........____........,...,........... 121
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Statistical Section PAGE
-~ General Government Expenditures by Function.............................. I22-I23
GeneralGovernment Revenues by Source.................................... 124-I25
Property Tax Levies and Cnll8CtiOns...................................... 126
-- Assessed and Estimated Actual Value of Taxable PrDoertY...........~..... 127
Property Value, Construction and Bank Deposits .......................... I28
Property Tax Rates - Direct and Overlapping Governments .............,.,. 129
-- Ten Largest Taxpayers .............................,..................~.. 130
Ratio Of Net General Bonded Debt to Assessed Value and Net
Bonded Debt Per Capita.......................— ........................ 131
-- Computation Of Direct Underlying and Overlapping Debt.................-.. 132
Ratio of Annual Debt Service Expenditures for General Debt
to Total General Government Expenditure................................. 133
� Schedule ofRevenue Bond Coverage-
Municipal Service District WaSte...................................°.... 134
Schedule of Insurance Comoany.,..~..~.~.~.....~..~~~.~..~~~~..~,.~...^~ 135
-- Schedule of Insurance Agency.................................,........... 136
Salaries and Surety Bonds of Phncipdl Off cjols.....,..........~....... 137
Demographic Statistics................................................... 130
- Miscellaneous Statistical Data.................,........................, 139
— Sin2le Audi Schedules
��������
Independent Auditor's Report on Supplemental Schedule of Federal and
State Financial Assistance ............................................. I40
Schedule of Federal Financial Assistmnce....................,....,^...... I4I-I48
Schedule of State Financial Assistance................................... IA9-I52
— Notes to Schedule of Federal and State Fln6nC aJ Assistance ............. I53-154
Independent Auditor's Report on Compliance with General Requirements
Related to Major Federal Financial Assistance Programs ..............,.. 155
-` Independent Auditor's Report on Compliance with Specific Requirements
of Certain Laws and Regulations Related to Both Major and
Non Major Federal Financial Assistance Programs ............,.......... I56~I57
-- Independent Auditor's Report on Internal Controls (Accounting and
Administrative) Based on o Study and Evaluation Made as Part of an Audit
of the General Purpose Financial Statements and the Additional Tests
` Required by the Single Audit Act ...................................... I58~I60
Schedule of Findings and Questioned Costs................................. 16I
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BRANCH OFFICE CLERK OF THE CIRCUIT COURT BRANCH OFFICE
3117 OVERSEAS HIGHWAY MONROE COUNTY P.O.BOX 379
MARATHON, FLORIDA 33050 500 WHITEHEAD STREET PLANTATION KEY, FLORIDA 33070
TEL. (305)743-9036 KEY WEST,FLORIDA 33040 TEL.(305)852.9253
TEL.(305)294.4641
March 30, 1990
Honorable John Stormont
Chaimon, Board of County Commissioners
Monroe County, Florida
Dear Mr. Stormont:
We are pleased 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, IT.9. 'this report was prepared by the Finance
Department of the Clerk of the Circuit Court. The accompanying financial statements and
statistical tables were prepared in conformance with standards set forth by:
1. The Government Accounting Standards Board
2. rican Institute of Certified Public Accountants
and its Committee on Governmental Accounting and Auditing
3m The StateAuditor; State of Florida
4. The Governnwt Finance Officers Association of the
United States and Canada
Responsibility for Math 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 pre-
sented is accurate in all material aspects; that it is presented in a rrsanner designed to
fairly set forth the financial position and results of operations of the County as
measured by the financial activity of its various funds; and that all disclosures
necessary to enable the reader to gin a comprehensive understanding of the County's
financial activity have been included.
The puquse of this letter is t0 narratively point Out the highlights of the County's
financial operations for the past fiscal year. The report contains four wain sections:
introductory, financial, statistical and single audit. The introductory section which
consists of this transmittal letter, the County's organizational chart and list of prin-
cipal officials is designed to give the reader of the financial report some basic
viii
background about the County and its financial position. The financial section includes
the opinion letter from the auditors, the general purpose financial StateneAts, the notes
to the financial statements and the combining statements by fund type. The statistical
section reflects social, economic and financial data on a multiyear basis. The single
audit portion of the CAFR is required under the pr0VfSiuM8 of the Single Audit Act of 1984
and the U.S. Office of Management and Budget Circular &-I28» Audits of State and bOC@]
Governments. The Single Audit Act has allowed us to Use our existing accounting finm to
audit all grants, thereby eliminating the need LD hire auditors for each separate grunt.
THE REPORTING ENTITY
ftrme County is a Non-Charter County established under the Constitution and the laws
of the State of Florida. This Comprehensive Annual Report is a Count 'de report which
discloses the results of operations for the following entities: Tfe Board of County
CaTmfssioners, which also encompasses the Monroe County Municipal Services Waste
Departumt and the Monroe County Tourist Development CVumcil" and the fbll{wing
Constitutional Officers:
I. The Clerk of the Circuit Court
2. The Property Appraiser
3. The Sheriff
4. The Supervisor Of Elections
5. The Tax Collector `
This report includes all funds and account groups of gOvernne.nt8J operations that are
controlled by or dependent upon the County, as deterThned on the basis of budgetary over-
sight, taxing authority, or the COVnty/s obligation to fund any deficits that may occur.
The Board of County Commissioners is the legislative body for Monroe County and, as
such, budgets and provides all the funding used by the various County departments and the
separate Constitutional Officers with the exception of fees collected by the Clerk of the
Circuit Court and the Tax Collector. Under the direction of the Clerk of the Circuit
Court, the Finance Department maintains the accounting system for the County/s operations
including the Supervisor Of Elections, and the General Operating Fund of the Clerk of the
Circuit Court, which is included in the General Fund. The Clerk of the Circuit Court
(Agency Fund), the PrOperty Appraiser, the Sheriff and the Tax Collector maintain their
own accounting systems. However, for purposes of this Comprehensive Annual Financial
Report, the operations of the County as a whole, including all of the Constitutional
Officers, have been presented.
INTERNAL ACCOUNTING AND BUDGETARY CONTROLS
In maintaining and improving the County's accounting system, consideration is given to
the adequacy of internal accounting controls. Internal accounting controls are designed
to provide reasonable, but not absolute, assurance regarding:
1) the safeguard of assets against loss from unauthorized use of disposition; and
2) the reliability of financial records for preparing financial statements and
maintaining accountability for assets.
The concept of reasonable assurance recognizes that:
I) the cast of a control should not exceed the benefits likely to be derived; and
2) the evaluation of costs and benefits requires estimates and judgments by manage-
ment.
All internal control evaluations occur within the above framemrk. We believe that the
County's internal accounting controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial transactions.
Formal budgetary integration is employed as a management control device during the
year for all fund types. Budgets for all funds are adopted on a basis consistent with
generally accepted accounting principles (CHAP). Monroe County follows the laws of
Florida regarding the control, adoption and amending of the budget during each fiscal
year; hov-ever, the County Commission increases the level of budgetary control because
they approve all cost center budgetary changes by resolution.
CASH MANAGEMENT
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
Goverrrmts Surplus Funds Trust Fund under the management of the Florida Department, State
Board of Administration. Prior to July lam?, excess operating funds wre invested in
Certificates of Deposit and U.S. Treasury Bills.
x
in May, ITO to a low of 2.0042% in October, 1TP. As the following graph illustrates, the
investment program the State Board of Administration provides has a yield rate of return
that is competitive and higher than U.S. Treasury Bills:
MONROE COUNTY, FLORIDA
CASH MANAGEMENT/RATE COMPARISON
9.5
9.4
9.3
9.2
9.1 "
9 °
8.9
8.8
8.7 t
8.6
8.5
8.4 ,
8.3
8.2
8.1-
8
7.9
7.7
7.6
7.5
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEPT
MONTHS OF THE YEAR
6 MO.T-BI'L,L.
At September 30, 19R9, the County's investments are as follows:
Carrying Market
Amount Value
Local Government Surplus Funds Trust Fund $40,650,554 $40,650,554
U.S. Government Securities 8,217,543 8,368,733
$48,P58,097 $40,019,287
During the fiscal year, the County's interest earnings amounted to 4.gFF million
dollars, which is about a 1.968 million dollar increase when compared to fiscal year 1T8.
xi
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The following chart presents a historical perspective of the County's investment
earnings over the past IO years:
==O~~=== COU^. ~Y, FLORIDA
INTEREST EARNED
s
-�
,
`
_
�
�
w
umo 1981 umz 1983 1984 198 /986 1987 nmu 1989
LAST TEN FISCAL YEARS
o ���am����� = Al�poN�m
~
`
GENERAL GOVERNMENT
Total general government revenues collected by Monroe County during the past year
amounted to approximately 70,2 million dollars. This amount includes revenues of the
^ General Fund and the Special Revenue, Debt Service, Capital Project and Fiduciary Fund
Types but does not include collections from the Proprietary Funds. Taxes Of about 37.9
million dollars comprised the largest general government revenue source With ad valorem
` taxes accounting for about 44.I%» locally imposed tourist development bed tax accounting for
7.6% and another 2~3% for the locally imposed gas taxes. The second largest revenue cote-
gory is Intergovernmental revenues which includes u variety Of State and federal shared
� grants-in-aid and amounts to about I8~6 million dollars. Interest income comprises the
third largest revenue source which amounts to over �.l million, dollars. The remaining
general government revenues are composed of about 3.4 million dollars for charges for ser-
vices and 1.9 million dollars for fines and forfeitures. Licenses and permits,
assessments and miscellaneous revenues amount to approximately 4.3 million dnl7ars,
r
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Total general government expenditures amounted to approximately 57.7 million dollars, less
capital project expenditures. The largest category was public safety at 22.4 million dollars,
followed by general government at 15.P. million dollars. Approximately 4.P million dollars were
expended for human services, 6.4 million for transportation, 5.1 million for economic environ-
ment, 2.3 million for culture and recreation, .7 million for debt service, and .2 million for
physical environment.
The following graph illustrates a ten-year history of Monroe County's general government
revenues:
MONROE COUNTY, FLORIDA
GUBPAL C[7GBRAUHIrr RA"VONU13B
..................... ...._......_.__....__._..___
y _.___..w__.._--------............_..___..___..__._.__._._.__..__..........___...___---------._......................_.........
..._..._...___.......-_...._..__.
_.._ ._..._.._ _....._.. ..._........_......_..........................__............
_._...__..._.._..__.r ......_.
. _... ._ w..__ . ._ ._.._ W._.._....—...._-------�._....._._.... .._... ...........d.. _...._.__
_...__. ... _- .._......._... _ .___............_....._.._ W
10 ,.
4 w
Mo INt JW2 1 + 1rwr4 i_ Ow t%7 JW 1
YflAR
Total revenues collected by all fund types including the governmental funds previously
listed above, as well as the Proprietary Funds (Municipal Service District-Waste, Card
Sound Bridge) and the Internal Service Funds amounted to $85,747,277 which represents an
increase of approximately 16.5 million dollars over the previous fiscal year. The largest
source of revenue this year in the Proprietary Fund Types was charges for services
amounting to approximately 13.7 million dollars. Total County expenditures for the past
year were $73,548,717. The largest functional category of expense was public safety at
approximately 22.4 million dollars. General Government amounts to over ?0.8 million
dollars and Physical Environment exceeded 7.9 million dollars. The charts on the next
page show the proportion of total revenues and expenditures attributable to the various
sources and functions:
xiii
MONROE COUNTY, FLORIDA
Fines & Purteltures (2,n)
Charges for Services (19.9
r
j y r n
y.
K �r
Intergovernmental (21.61) �b".
Lr`arracrsas 8r Feaarnaiitm (Z.alZ)
MONROE COUNTY, FLORIDA
TOTAL AL OXFORDITUR80 M B A
Economic Environment (6m9 )
q
TransportattDn (14%) � ��,� 4k, fl tZ ...........jf r General Government
Capital Outlay (16%)
,
Internal Ver+viae (fr i1 Debt Survice
a 47 � a d
Cwture Recreation (32%) f r
f �
Htxrnan 6ervlGee (6.6x) �` Apr�1� ✓�'�
/41
r� Publfr safety (80AX)
Physical finvaroenmaan.t (lD.8%
AV
The fund balance in the General Fund showed significant growth between the years 1984
and 1986. A small decrease occurred in 1987, however, in 1989 the Fund Balance returned
to its growth pattern as illustrated in the following graph:
MONROE COUNTY, FLORIDA
GENERAL FUND-FUND BALANCE TRENDS
12
11 •~~
10 ''
9-
7-
6-
5
4
3
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
LAST TEN FISCAL YEARS
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources
that are legally restricted to expenditures for specified purposes. One new Special
Revenue Fund was created in the fiscal 1988/89 year as follows:
Upper Keys Health Care Taxing District - to account for all transportation and hospita-
lization costs for Monroe County multi-system trauma patients in Dade County.
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GENERAL FIXED ASSETS
The general -fixed assets of the County are those fixed assets used in the performance
of general governmental functions and they exclude the fixed assets of Proprietary Funds.
As of September 30, 1989, the general fixed assets of the County amounted to $51,129,036.
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.
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Long-Term Debt Account Group is used to account for the unmatured
long-term -indebtedness of tbee County excluding the unmatured long-term indebtedness pm-
perly recorded in the Proprietary Fund Types. At September 30, 1989, the general long-
term debt of the County totalled $ 11,410,771.
ENTERPRISE FUNDS
These funds were established for County operations that are financed and operated in a
manner similar to private business enterprise. The cost (expenses, including depre-
ciation) of providing the services to the general public is recovered in whole or in part
through user charges. The County accounts for its Municipal Service District Waste System
and Card Sound Toll Bridge as enterprise operations.
�n Service District Waste - The operations of the County's waste are accounted for
in the Municipal Service District Waste Fund. Net Income before operating transfers
totaled $1,105,90-5. A net loss of $134,693 occured in fiscal year 198P which was the
result of a pending class action lawsuit which we settled in the favor of the Member of a
class.
Card Sound Bride - The operations of the County's toll bridge are accounted for in the
Card Sound Bridge Fund. Operating revenues generated during the fiscal year amounted to
$%3,268. Net income before operating transfers totaled $487,922 or a decrease of 6.2%
over the prior year.
DEBT ADMINISTRATION
The County did not have any general obligation debt. During the year the County
issued-$7,265,000 in Improvement Revenue Bonds for the purpose of building two new jails
xvi
and the Marathon Regional Service Center. Monroe County has maintained AAA Bond Rating as
indicates by the four current revenue bond issues as follows:
. Bond Issue Rating
Monroe County Municipal
Service District,
Refunding Revenue Moody's Aaa
Improvement Bonds, and
Series 195 Standard & Poor's: AAA
Monroe County Refunding Moody's: Aaa
Improvement Revenue and
Bonds, Series 19B3 Standard & Poor's: AAA
Monroe County Moody's: Aaa
Improvement Revenue and
Bonds, Series IW. A Standard & Poor's: AAA
Monroe County Moody's: Aaa
Improvement Revenue and
Bonds, Series 1988 B Standard & Poor's: AAA
RISK MANAGEMENT
The County's assets are protected through the risk management program developed and
managed by the Risk Management Division of the Personnel Department. Under this program,
worker's compensation is self-insured; the fund is maintained well within sound financing
levels and an adequate reserve has been established. Fleet liability, General liability,
and other liability programs are issued through the private sector.
The Risk Management Division also manages the County's Self-Insurance Program. Under
this program, all County employees a well as the employees of the Constitutional Officers
are provided a comprehensive health care plan and term life insurance coverage. The self-
insurance program has aided the County's effectiveness in controlling health care costs.
LOCAL ECONOMIC EVENTS
During the past fiscal year, the County's unemployment rate was 3.3% as of
September 30, IT°. This is the 4th lowest ranked of the 67 counties in the State of
Florida and is significantly lower than the State rate of 5.6% and the National rate of
5.1%. Other significant economic events which transpired during the past year include:
xvii
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� * The amount uft&o cent bed tax revenue de
from the Hotel/Motel industry in the fiscal year I989 amounted
to a 28� increase over the previous fiscal year.
* County population increased by 2,297 over the previous year
` and the total civilian labor force increased by 1.8%.
—` * Thee value Of building permits in the unfOCOrpDn8te| areas of
Monroe County reached an all-time high of $598»290°593.
_-~
* The number of occupational license permits issued over the past
year totaled 9,189 which represents 8 I4.1% over the previous year.
-- Tourism continues to be one of the leading sources of income for the County. This
fact is directly related to the unique chain Of islands that form the Florida Keys, the
beautiful tropical climate and a relaxed vacation environment. By fbnnul3tfMg a new
advertising campaign which included new photo shoots and TV shots, the number of persons
writing or calling the Florida Keys Visitors Bureau significantly increased from 168,300
in the 1988 fiscal year compared to 28I,717 in the 1969 fiscal year.
MAJOR INITIATIVES
For The Year. On November l^ 1989, the electorate of Monroe County approved, by a 78%
margin, u One Cent Local Option Sales Surtax which is projected to generate approximately
$II8nh|liCn in revenues to Monroe County Government over a 15-year period. Surtax reve-
nues are specifically earmarked for the funding of capital infrastructure projects such
as: recreation facilities, courthouses, parking, offices, roads, bridges, airport impro_
vema'/ts, solid waste improvements, jails, police and fire facilities, and other public
works projects.
During I989, Monroe County contracted with the consulting fin; of Hansen Lind Meyer,
Inc.* for the preparation of the Monroe County Correctional System Master Plan. The
` County also began construction of a 50 bed nodular jail facility at Plantation Key
(completion in February 1-090), and let a contract for an additional 50~bed modular faci-
lity in Marathon to be completed in I990.
`
For The Future. In I990 the County will complete major revisions to its Comprehensive
Land Use Plan to meet the requirements of Chapter 163 Florida Statutes and the Grawth
Management Act of I985.
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l Will
The County will continue its progress on the duly adopted Capital Improvements Program
with particular emphasis on initiating planning, design, and construction of a Monroe
County Detention Facility.
Department Focus: Each year the government selects a department to highlight for its
efforts and accomplishTmts. In 1990, the governments Emergency Medical Services
Department (EMS) has been selected for review.
Monroe County, a string of islands off the southern tip of the Florida mainland with a
geographic area described as 108 miles long and a smile wide, provides pre-hospital
advanced life support care to citizens and visitors through its EMS department, the
Tavernier Fire Department & Volunteer Ambulance Corps, and the Key Largo Volunteer Ambulance
Corps in close association with (10) volunteer fire/rescue departments serving as first
responders.
The EMS Department, with 48 field personnel (Paramedics and Emergency Medical
Technicians (EMTs), provides this vital community service 24 hours a day, 365 days a year,
to the major portion of the unincorporated areas of the County, generally described as
from Cow Key Channel east and north to Snake Creek or approximately 85 linear miles, from
six (6) substations strategically located to minimize ambulance response time. During
fiscal year 88/89 (October 1, 19888 thru September 30, 1c_e9), the EMS Department responded
to 3,459 calls resulting in 2,054 patients transported. Fifty-seven percent of these
calls were medical in nature, M8 were trauma related and 15%were categorized as "other".
With similar dedication, the Tavernier Volunteer Fire Department & Ambulance Corps
covers the area generally described as from Snake Creek north to South Bay Harbor Drive
and Lobster Lane or approximately 10 linear miles and the Key Largo Volunteer Ambulance
Corps covers the area beginning at South Bay Harbor Drive and Lobster Lane north to the
Dade County Line on US I and north on SR 905 to the intersection of Card Sound Road.
These enthusiastic volunteers responded to 1,746 calls during the same time period.
Monroe County EMS proves its camnitment to delivering the best possible pre-hospital
care to its citizenry by providing their staff and the volunteer organizations with State
of the Art equipment and continuing educational opportunities, a portion of which are
funded by State Grant Programs.
INDEPENDENT AUDIT
Chapter 11.45 of the Florida Statutes requires an independent certified public accoun-
tant's financial audit of counties in the State. This requirement has been met for the
fiscal year ending on September 30, 1939 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 ass designed to meet the requirements of the Federal Single Audit Act of 1984
xix
and related OVE 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.
AWARD
The Government Finance Officers Association 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, 1988. This vas the first year that Monroe
County has received this prestigious award. In order to be awarded a Certificate of
AchieveTient, a government oust publish an easily readable and efficiently organized
Comprehensive Annual Financial Report, This report satisified both generally accepted
accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that
our current Conprehensive Annual Financial Report continues to meet the Certificate of
Achievement Program's requirements, and we are submitting it to the GFOA to determine its
eligibility for another cerificate.
ACKNOWLEDGEMENT
The preparation of this repoft could not be accomplished without the efficient and
dedicated services of Lisa Knowles and the entire staff of the Finance Department. We
muld like to express our sincere appreciation to Charles Mans en for his outstanding
contribution in preparation of this report.
We would also like to express our appreciation and thanks to Kemp & Green, CPA's who
helped us with their comments and advice. We muld also like to thank Nancy Cohen, the
Graphics Department and the Board of County Commissioners for their interest and support
in planning and conducting the financial operations of the County in a reasonable and
progressive manner.
Sincerely,
Y y ?
L. Kol e Taryn L. Medina, C.P.A.
Clerk of Circuit Court Finance Director
and Chief Financial Officer
xx
The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the County of
Monroe, Florida for its Comprehensive Annual Financial Report for the fiscal year ended
September 30, lei.
In order to be awarded a Certificate of Achievement, a governmental unit must publish
an easily readable and efficiently organized Comprehensive Annual Financial Report whose con-
tents conform to program standards. Such reports must satisfy both generally accepted
accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our
current report continues to conform to Certificate of Achievement Program requirements, and we
are submitting it to GFOA to determine its eligibility for another certificate.
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Monroe County,
Florida
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1988
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 (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
cr-0%,
NITED STATIS
AND President
IAIIAIA
CURPOFYAiIOPi
CHICO
Executive Director
KEMP & GREEN, P.A.
Certified Public Accountants
1438 KEN NEDY DRIVE
P. 0. 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
Board of County Commissioners
Monroe County, Florida
We have audited the general purpose financial statements of Monroe County,
Florida and the combining, individual fund and account group financial state-
ments and schedules of the County as of September 30, 1989, and for the year
then ended, as listed in the table of contents. These financial statements are
the responsibility of the County's management. Our responsibility is to express
an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstate-
ment. An audit includes examining, or) a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by man-
agement, as well as evaluating the overall financial statement presentation . We
believe that our audit provides a reasonable basis for our opinion.
In our opinion , the financial statements referred to above present fairly, in
all material respects, the financial position of Monroe County, Florida as of
September 30, 1989, and the results of its operations and its changes in finan-
cial position for the year then ended in conformity with generally accepted
accounting principles®
Our audit was conducted for the purpose of forming an opinion on the general
purpose financial statements taken as a whole and on the combining, individual
fund and account group financial statements and schedules. The introductory and
statistical sections of the comprehensive annual financial report are presented
for purposes of additional analysis and are not a required part of the general
purpose financial statements of Monroe County, Florida. Such information has
not been subjected to the auditing procedures applied in the audit of the
general purpose, combining, individual fund and account group financial state-
ments, and, accordingly, we express no opinion on them®
Ka—'4D 't &'_�
Kemp & Green, P.A.
Certified Public Accountants
February 28, 1990
KEMP GREEN, RA,
Certified Public Accountants
1438 KENNEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 33041,1629 MEMBER OF AM RICAN IN§TITUT�
WW 0. EMP, C.P.A. (305) 294.2581 AND FLORID INSTITVTq QF
A ARVA E. GREEN, C.P.A. FAX # (305) 294 4778 CERTIFIED PUBLIC; ACCOUNTANTS
poard of County Commissioners
Monroe County, Florida
We have audited the general purpose financial statements of Monroe County,
Florida (the "CoUntyll� for the year ended September 30, 1989, and have Issued
our report thereon dated February 2$, 1990.
We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the
Un 117ed--§-ta—te 7--7h-o-s-e--�stan—dar'ds—require that we 'plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial state-
mant5 are free of material misstatement.
Compliance with laws, regulations, contracts and grants applicable to the County
Is the re'sponpibility 9f ,the Countyvs management. As part of obtaining reason-r
able assurance about whether the general purpose financial statements are free
of material misstatement, we performed tests of the CQunty's -,qrnplIanqe with
certain provisions of laws, regulations, contracts and grants. However, our
objective was not to proyide an opinion on overall compliance with such
provisions.
The results of our tests indicate that, with respect to the items tested, the
County compiled, In all material respects, with the provisions referred to in
the preceding paragraph. With respect to items not tested, nothing came to our
attention that caused us to believe that the County had not complied, In all
material respects, with those provisions
This rr-,port I$ intended for the information of the hoard of County
Qqmmissioners, management and others within the County and officials of appli-
cable 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
i
February 218, 1990
2
KEMP !E5 GREEN, P.A.
Certiffed Publip Accountants
1438 KENNEDY DRIVE
P. 0, BOX 1529
KEY VVEST, FLORIDA 31041-1529 MEMBER OF AMERICAN IN$TITUTE
WM. 0, EMP, C.P.A. (305) 294-2581 AND FLORIPA INSTITUTE OF
MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS
Board of County Commissioners
Monr(?o County, Florida
We have audited the general purpose financial statements of HoProe County,
Florida (the "County") as, of and for the year ended September 30, 1989 and have
Issued our report thereon dated February 8, 1990,
We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the,
United States. Those standards require that we plan and per-form the audit to
obtain reasonable assurance about whether the general purpose financial state-
ments are free of material misstatement.
In planning and performi'ng our audit of the general purpose financial statements
of the County for the year ended September 30, 1989, 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 the
internal control structure. In fulfilling this responsibility, estimates and
judgements by management are required to assess the expected benefits and
relpted costs of internal control structure policies and procedures. The objec-
tives of an internal control structure are to provide management with reasonable,
but not absolute, assurance that assets are safeguarded against loss from
unauthorized use or disposition, and that transactions are executed in a(;cor�
dance with management's authorization and recorded properly to permit the prep-
aration of 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 futurp periods Is subject
to the risk that procedures may become inadequate because of changes in con-
ditions or thqt the effectiveness of the design and operation of policies and
procedures may deteriorate®
For the purpose of this report, we have classified the signlficpnt internal
control structure policies and procedures in the following categories:
Trpasury/Financing
Revenues/Cash Receipts
Expenditures/Cash Disbursements
External Financial Reporting
3
Our consideration of the internal control structure included al I of the control
categories listed above® The purpose of our consideration of the internal
control structure was to determine the nature, timing, and extent of the
auditing procedures necessary for expressing an opinion on the general purpose
financial statements.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a reportable condition in which the
design or operation of one or more of the specific internal control structure
elements does not reduce to a relatively low level the risk that errors or Irreg-
ularities in amounts that would be material in relation in 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 operation
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 hqve reported to the management of the County in a
separate letter dated February 28, 1990.
This report is intended for the information of the Board of County
Commissioners, management, and others within the County; and officials of appi I-
cable federal and state agencies® This restriction is not intended to limit the
distribution of this report, which is a matter of public record.
A- G- , PA-
Kemp 'a Green, P.A.
Certified Public Accountants
February 28, 1990
4
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 any
other fund, and its resources finance a wider range of activates. The resources of
the general fund are ordinarily largely expended and replenished on an annual basis®
SPECIAL REVENUE FUNDS
The special revenue -funds are used to account for the proceeds of specific revenue
sources that are restricted by law or administrative action for specific purposes.
DEBT SERVICE FUNDS
The debt service funds are used to account for the payment of principal, interest and
expenditures on long-term debts, other than debt payable from the operations of
enterprise funds.
CAPITAL PROJECTS FUNDS
The capital project funds are used to account for financial resources segregated I for
the acquisition or construction of major capital facilities other than those financed
by enterprise operations.
ENTERPRISE FUNDS
flnee enterprise funds are used to account for operations that are financed and operated
in a manner similar to private business enterprises - where the intent is that the
costs (expenses, including depreciation) of providing goods or services to the general
public on a continuing basis be financed primarily through user charges, or where
periodic determination of revenues earned, expenses incurred, and/or net income is
appropriate for capital maintenance, public policy, management control, accountability
or other purposes.
INTERNAL SERVICE 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-reimbursement basis.
FIDUCIARY FUNIMS
5� 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
The general fixed assets account group is used to account for those assets used in
performance of general governmental functions and exclude the fixed assets of
proprietary funds.
GENERAL LONG-TERM DEBT
The general long-term debt account group is used to account for the County's liability
for special revenue bonds and other general long-terTn obligations, wfiich are not obli-
gations of the enterprise funds.
MONROE COUNTY, FLORIDA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1989
GOVERNMENTAL FUND TYPES
--------------------------------------------------------
special Debt Capital
General Revenue Service Projects
............. . ............
ASSETS AND OTHER DEBITS
Assets:
Cash and Investments $ 13,573,296 $ 31,932,528 $ $ 361,986
Cash with Fiscal Agent - - 6,801 --
Accounts Receivable:
Delinquent Waste Collection Fees - -- --
Allowance for Uncollectibte
Waste Collection Fees -- --
Other 81,928 658,087 - 489,588
Allowance for Other Uncollectibte - (443,167) - --
Mortgage Note Receivable 1,210,548 --
Due from Other Funds 894,417 274,719 61,815 5,734
Due from other Governmental Units 2,530,529 1,015,493 -- 31,496
Inventory of Land for Resale - 2,231,846 --
Restricted Assets:
Cash 59,133 - 57,487 --
Investments at Cost or
Amortized Cost 1,170,239 7,107,371
Property, (Net, Where Applicable
of Accumulated Depreciation) -- -
Deferred Charges -- -- --
Other Debits:
Amount Available for Debt Service - --
Amount to be Provided for Retirement
of General Long-Term Debt -- - -- --
Total Assets and Other Debits $ 17,139,303 $ 36,880,054 $_ 1,296,342 $ 7,996,175
5
FIDUCIARY
PROPRIETARY FUND TYPES FUND TYPE ACCOUNT GROUPS TOTAL
General General
Internal Trust Fixed Long-Term Memorandum
Enterprise Service & Agency Assets Debt Only
$ 6,297,815 $ 1,708,321 $ 4,469,146 $ - $ -- $ 58,343,092
13,427 -- __ 20,228
1,537,677 - - -- 1,537,677
(884,313) - _ __ (884,313)
129,937 242,273 13,653 -- 1,615,466
(59,155) - -- - (502,322)
1,210,548
7,382 373,121 _ 1,617,188
327,806 381 41,432 -- - 3,947,137
2,231,846
2,501,490 __ 2,618,110
1,136,723 -_ _ __ -- 9,414,333
8,248,885 25,648 - 51,129,036 - 59,403,569
346,813 -_ _ __ -- 346,813
1,289,540 1,289,540
10,121,231 10,121,231
------------- ------------- ------------- ------------- ------------- -------------
$ 19,604,487 S 2,349,744 $ 4,524,231 $ 51,129,036 $ 11,410,771 $ 152,330,143
(continued)
The notes to the financial statements are an integral part of these statements.
6
MONROE COUNTY, FLORIDA
COMBINED BALANCE SHEET —CONTINUED
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1989
GOVERNMENTAL FUND TYPES
-------------------------------------------------------------
Special Debt Capital
General Revenue Service Projects
............. ............. .............
LIABILITIES, FUND EQUITY AND OTHER CREDITS
Liabilities,
Accounts Payable S 2,186,859 S 1,969,041 S -- S 16,730
Accrued Wages and Benefits Payable 455,525 283,903 - 720
Due to Others -- -- --
Claims and Judgements Payable
Contracts Payable 352,903 -- -- 15,536
Due to Other Funds 418,258 887,211 -- 126,618
Due to Other Governments 1,440,557 571 -- -
Matured Bonds Payable
Matured Interest Payable -- -- 6,802
Matured Premium Payable
Deposits in Escrow 168,197 1,970 -
Deferred Revenues 141,333 2,670,625 -- --
Capital Leases. Payable - Current
Payable from Restricted Assets:
Accounts Payable -- - -- 384,888
Contracts Payable -- - 126,163
Accrued Interest Payable
Revenue Bonds Payable - Current
Other Current Liabilities 27,234 385
Accrued Compensated Absences
Capital Leases Payable -- -- --
Revenue Bonds Payable
Long-Term Debt - -- --------------- _____________ _____________ ___________-_
Total Liabilities 5,190,866 5,813,706 6,802 670,655
_____________ _____________ _____________ _____________
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 88,254 159,933 -- -
Reserved for Library, Children's Roam 12,804 - --
Reserved for Inventory - 2,231,846 --
Reserved for Construction Trust Purposes 59,133 __ __ 6,596,320
Reserved for Trust Fund Purposes
Reserved for Land Acquisition 2,271,659 -
Reserved for Mortgage Loans 1,210,548 --
Unreserved 11,788,246 25,192,362 1,289,540 729,200
_____________ _____________ ------------- _________-___
Total Fund Equity and Other Credits 11,948,437 31,066,348 1,289,540 7,325,520
------------- ------------- ------------- -------------
Total Liabilities, Fund Equity and Other Credits $ 17,139,303 $ 36,880,054 S 1,296,342 $ 7,996,175
------------- ------------- ------------- -------------
7
FIDUCIARY
PROPRIETARY FUND TYPES FUND TYPE ACCOUNT GROUPS TOTAL
----------------------------- ------------- --------------------------- -------------
GemeraL General
Internet Trust Fixed Long-Term Memorandum
Enterprise Service & Agency Assets Debt Only
... ........ .... ............. ............. ----- ....... ----- .......
561,634 $ 95,372 S; $ 4,829,636
155,799 14,099 910,046
2,046,218 2,046,218
380,487 1,427,917 1,808,404
29,950 398,389
167,623 17,478 1,617,188
36 2,468,302 3,909,466
10,000 10,000
306 7,108
3,121 3,121
20,023 190,190
60,303 2,872,261
99,293 99,293
384,888
61,052 187,215
290,309 290,309
315,000 315,000
3,743 31,362
105,979 9,892 115,871
71,480 71,480
8,447,347 8,447,347
11,410,771 11,410,771
----------- ------------- ------------- ------------- ------------- _____-_.___-_
10,779,706 1,568,537 4,514,520 11,410,771 39,955,563
------------- ------------- ------------- ------------- ------------- _____-____--_
51,129,036 51,129,036
2,808,410 2,808,410
3,286,852 3,286,852
2,729,519 781,207 3,510,726
248,187
12,804
2,231,846
6,655,453
9,711 9,711
2,271,659
1,210,548
38,999,348
------------- ------------- -------- ------ ------------- ------------- ______---_-__
8,824,781 781,207 9,711 51,129,036 112,374,580
------------- ------------- ------------- ------------- ------------- -------------
$ 19,604,487 $ 2,349,744 S 4,524,231 S 51,129,036 $ 11,410,771 $ 152,330,143
The notes to the financial statements are an integrat part of these statements.
8
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
GOVERNMENTAL FUND TYPES
..................................................................
Special Debt Capital
General Revenue Service Projects
.............. .............. .............. ..............
Revenues:
Taxes 9,652,235 S 28,286,150 S w $
Licenses & Permits 138,254 1,914,686 -- --
Intergovernmental Revenues 10,582,120 7,180,199 808,471 31,496
Charges for Services 2,757,625 603,928 -- --
Fines & Forfeitures 69,180 1,837,807 -- --
Interest Income 1,075,629 2,463,008 77,518 437,314
Miscellaneous Revenues 283,068 1,833,767 14,434 118,020
-------------- -------------- -------------- ---------
Total Revenues 24,558,111 44,119,545 900,423 586,830
-------------- -------------- -------------- ______________
Expenditures:
Current:
General Government 12,913,485 2,854,300
Public Safety 16,224,573 6,124,780
Physical Environment 240,970 --
Transportation 3,161,666 3,265,087
Economic Environment 565,027 4,501,324
Human Services 4,108,295 675,564
-
Culture and Recreation 1,489,763 852,484 --
Debt Service 260,435 20,566 424,703 --
Capital Outlay -- -- -- 1,909,572
-------------- -------------- --------------- --------------
Total Expenditures 38,964,214 18,294,105 424,703 1,909,572
--------------- -------------- -------------- -_-_-____-_--_
Excess of Revenues Over/
(Under) Expenditures (14,406,103) 25,825,440 475,720 (1,322,742)
-------------- -----------I--- -------------- --------------
Other Financing Sources (Uses):
Transfers from Other Funds 16,900,571 113,169 187,400
Transfers to Other Funds (1,031,502) (16,019,945) (118,193)
Capital Lease Acquisition 156,698 --
Proceeds from Bonds -- 7,060,770
---------------- -------------- --------------- --------------
Total Other Financing
Sources/(Uses) 16,025,767 (15,906,776) 7,129,977
-------------- --------------- -------------- --------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures & Other Uses 1,619,664 9,918,664 475,720 5,807,235
Fund Balance, October 1, 1988 10,328,M 21,147,684 813,820 1,518,285
-------------- -------------- -------------- -----_-___--__
Fund Balance, September 30, 1989 $ 11,948,437 $ 31,066,348 S 1,289,540 $ 7,325,520
9
FIDUCIARY
FUND 'TYPE TOTAL
.............. ..............
Expendable Memorandum
Trust Only
.............. —------
S S 37,938,385
2,052,940
18,602,286
3,497 3,365,050
1,906,987
4,053,469
2,249,289
-------------- --------------
3,497 70,168,406
-------------- --------------
-- 15,767,785
7,619 22,356,972
-7 240,970
-- 6,426,753
5,066,351
4,783,859
2,342,247
705,704
1,909,572
-------------- --------------
7,619 59,600,213
-------------- --------------
(4,122) 10,568,193
----------7----- --------------
17,201,140
(17,169,640)
156,698
7,060,770
-------------- --------------
7,248,968
---------------- --------------
(4,122) 17,817,161
13,833 33,822,395
-------------- --------------
$ 9,711 S 51,639,556
The notes to the financial statements are an Integral part of these statements.
10
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE, DEBT SERVICE AND CAPITAL PROJECT FUNDS
FOR THE FISCAL YEAR ENDED SEPT ER 30, 1989
GENERAL FUND TYPES
------------------------------------------------
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes S 9,704,043 S 9,652,235 $ (51,808)
Licenses & Permits 184,178 138,254 (45,924)
Intergovernmental Revenues 11,311,601 10,582,120 (729,481)
Charges for Services 2,027,230 2,802,296 775,066
Fines & Forfeitures 18,652 19,164 512
Interest income 616,117 1,075,629 459,512
Miscellaneous Revenues 357,163 283,068 (74,095)
Total Revenues 24,218,984 24,552,766 333,782
Expenditures:
Current:
General Government 13,647,574 12,913,485 734,089
Public Safety 16,590,340 16,223,528 366,812
Physical Environment 264,300 240,970 23,330
Transportation 4,032,177 3,161,666 870,511
Economic Environment 1,008,399 565,027 443,372
Hunan Services 5,434,896 4,108,295 1,326,601
Culture and Recreation 1,609,919 1,489,763 120,156
Debt Service 409,939 385,435 24,504
Capital Outlay -- -- --
Total Expenditures 42,977,544 39,088,169 3,909,375
Excess of Revenues Over/(Under) Expenditures (18,778,560) (14,535,403) 4,243,157
Other Financing Sources (Uses):
Reserve for Contingencies (321,655) -- 321,655
Transfers from Other Funds 17,003,915 16,900,571 (103,344)
Transfers to Other Funds (1,031,502) (1,031,502) -
Capital Lease Acquisition 156,698 156,698 -
Proceeds from Tax Anticipation Notes -- -
Proceeds from Bonds --
Total Other Financing Sources/(Uses) 15,807,456 16,025,767 218,311
-------------- -------------- ---T----------
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses - Budgetary Basis (2,971,104) 1,490,364 4,461,468
Adjustments from Budgetary Basis to GAAP Basis 125,000 125,000 --
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses - GAAP Basis (2,846,104) 1,615n364 4,461,468
Fund Balance, October 1, 1988 10,324,120 10,324,120 --
-------------- -------------- --- ----------
Fund Balance, September 30, 1989 $ 7,478,016 S 11,939,484 $ 4,461,468
11
SPECIAL REVENUE FUND TYPES DEBT SERVICE FUND TYPES
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 27,53 ,807 S 28,286,150 752,343 S S $ -
1,003,142 1,914,686 911,544 -- --
,095,696 7,1 0,199 (1,715,497) 890,402 808,471 (81,931)
583,755 602,838 19,083 _- __ _
1,291,447 1,837,807 546,360 -- -- -
771,946 2,137,030 1,365,084 50,000 77,518 27,518
5,250 79,541 74,291 -- 14,434 14,434
-------------- -------------- -------------- -------------- -------------- __----_-___-_..
40,085,043 42,03 ,251 1,953,208 940,402 900,423 (39,979)
-------------- ______________ __..---___-_-__ -------------- -------------- ____--_-------
9,011,929 5,049,152 3,962,777 -- --
7,144,044 6,124,687 1,019,357 --
7,339,580 3,265,087 4,074,493 -_
7,620,987 4,501,324 3,119,663 --
941,686 675,564 266,122 -- -
1,001,610 852,484 229,126 -- -- --
5 2,447 20,566 561,881 878,152 424,703 453,449
______________ -------------- -------------- -------------- ___ ---------- -__-__-__--__-
33,722,203 20,488,M4 13,233,419 878,152 424,703 453,449
-------------- -------------- -------------- -------------- -------------- ,_________-___
6,362,760 21,549,387 15,1 ,627 62,250 475,720 413,470
-------------- -------------- -------------- -------------- -----.-------- ________--_---
(350,200) -- 350,200 (057,957) 857,957
113,169 113,169 -- - --
(16,063, ) (16,019,945) 43,943
399,000 (399,000) _
______________ -------------- -------------- --------------- -----____-__.- ___--_-__-__-_
(15,901,919) (15,906,776) (4,857) (857,957) - 057,957
___________®__ ______ ______ ______________ ______________ -------------- _--_-_________
(9,539,159) 5,642,611 15,181,770 (795,707) 475,720 1,271,427
5,763,847 2,194,852 (3,568,995) __ -_ __
______________ -------------- ---------------- -------------- ______________ -__-__--.-A___
(3, ,312) 7,837,463 11,612, (795,707) 475,720 1,271,427
18,484,320 10, ,320 -- 813,820 813,820 --
-------------- ______________ ______________ -------------- -------------- ____-___
S 14,709,008 S 26,321,783 $ 11,612,775 $ 10,113 S 1,289,540 $ 1,271,427
(continued)
The notes to the financial statements are an integral part of these statements.
12
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE, DEBT SERVICE AND CAPITAL PROJECT FUNDS , CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
CAPITAL PROJECT FUND TYPES
Variance
Favorable
Budget Actual (Unfavorebte)
.............. .............. .........,.,..
Revenues:
Taxes $ --
Licenses & Permits --
Intergovernmentat Revenues 152,746 31,496 (121,250)
Charges for Services 75,000 -- (75,000)
Fines & Forfeitures -- -- -T
Interest Income - 437,314 437,314
Miscellaneous Revenues 127,151 118,020 (9,131)
-------- -------------- --------------
Total Revenues 354,897 586,830 231,933
Expenditures:
Current:
General Government -- - --
Public Safety
Physical Environment -- -- -
Transportation -- --
Economic Environment -- -- -
Hunan Services -- --
Culture and Recreation - - -
Debt Service -- --
Capital Outlay 8,849,439 1,909,572 6,939,867
Total Expenditures 8,849,439 1r909,572 6,939,847
Excess of Revenues Over/(Under) Expenditures (8,494,542) (1,322,742) 7,171,800
Other Financing Sources (Uses);
Reserve for Contingencies (265,768) -- 265,768
Transfers from Other Funds 187,400 187,400 --
Transfers to Other Funds (118,193) (118,193)
Capital Lease Acquisition - r-
Proceeds from Tax Anticipation Notes --
Proceeds from Bonds 7,091,567 7,060,770 (30,797)
-------------- -------------- --------------
Total Other Financing Sources/(Uses) 6,895,006 7,129,977 234,971
-------------- -------------- ------------
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses - Budgetary Basis (1,599,536) 5,807,235 7,406,771
Adjustments from Budgetary Basis to GAAP Basis - -- --
Excess of Revenues and Other Sources Over/(Under)
Expenditures and Other Uses - GAAP Basis (1,599,536) 5,807,235 7,406,771
Fund Balance, October 1, 1988 1,518,285 1,518,285 --
Fund Balance, September 30, 1989 $ (81,251) $ 7,325,520 $ 7,406,771
13
TOTAL -MEMORANDUM ONLY
------------------------------------------------
Variance
Favorable
Budget Act k (Unfavorable)
.......®...... .............. ..............
37,237,850 37,938,385 S 700,535
1,187,320 2,052,940 865,620
21,250,445 18,602,286 (2,648,159)
2, 5,985 3,405,134 719,149
1,310,099 1,856,971 546,872
1,438,063 3,727,491 2,289,428
489,564 495,063 5,499
-------------- -------------- --------------
65,599,326 68, 78,270 2,478,944
-------------- -------------- --------------
22,659,503 17,962,637 4,696,866
23,734,364 22,348,215 1,386,169
264,300 240,970 23,330
11,371,757 6,426,753 4,945,004
8,629,386 5,066,351 3,563,035
6,376,582 4,783,859 1,592,723
2,691,529 2,342,247 349,282
1,870,538 830,704 1,039,834
8,849,439 1,909,572 6,939,867
-------------- -------------- _------_---___
86,447,418 61,911,308 24,536,110
-------------- ----------------- --------------
(20,848,092) 6,166,962 27,015,054
(1,795,580) - 1,795,580
17,304,484 17,201,140 (103,344)
(17,213,583) (17,169,640) 43,943
156,698 156,698 -
399,000 399,000
7,091,567 7,060,770 (30,797)
-------------- -------------- _-------------
5,942,586 7,248,968 1,306,382
-------------- -------------- ----...---------
(14,905,506) 13,415,930 28,321,436
5,888,847 2,319,852 (3,568,995)
-------------- -------------- -------_------
(9,016,659) 15,735,782 24,752,441
31,140,545 31,140,545
------------- -------------- -_____-_______
22,123,886 $ 46,876,327 24,752,441
The motes to the financla( statements are an integral part of these statements.
14
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPWMBER JV, 196V
Internal Total
Enterprise SarvIca (Mewrandum
Funds Funds Only)
............. ............. .............
Operating Revenues:
Tolls S 850,912 S S 850,912
Charges for Services 7,966,417 4,878,096 12,844,513
Franchise Fees 837,203 837,203
Miscellaneous Revenue 25,051 15,586 40,637
-------------- --------------- ---------------
Total Operating Revenue 9,679,583 4,893,682 14,573,265
--------------- ---------------- ---------------
Operating Expenses:
Personal Services 2,811,200 251,438 3,064,638
Professional Services 3,175,450 250,361 3,425,811
Utitity Services 122,654 122,654
Insurance 202,649 1,156,578 1,359,227
Repairs and Maintenance 413,018 8,380 421,398
Operating Supplies 250,630 17,679 268,309
Other Operating Expenses 230,459 32,207 262,666
Depreciation 967,560 7,397 974,957
Asserted and Paid CLaims 3,270,154 3,270,154
--------------- --------------- ------------
Total Operating Expense 8,173,620 4,994,194 13,167,814
--------------- --------------- ---------------
Operating Income (Loss) 1,505,963 (100,512) 1,405,451
--------------- --------------- ------- -------
Non-Operating Revenues (Expenses):
Taxes 5,023 5,023
Operating Grants 88,712 88,712
Interest Income 774,909 136,962 911,871
Interest Expenses and Fiscal Charges (780,690) (780,690)
--------------- --------------- ---------
Total Non-Operating Revenues (Expenses) 87,954 136,962 224,916
---------- --------------- ---------------
Income (Loss) Before Operating Transfers 1,593,917 36,450 1,630,367
--------------- --------------- -------------
Operating Transfers:
Transfers to Other Funds (31,500) (31,500)
--------------- --------------- ---------------
TotaL Operating Transfers (31,500) (31,500)
--------------- --------------- ---------------
Net Income (Loss) 1,562,417 36,450 1,598,867
Retained Earnings October 1, 1988 7,262,364 744,757 8,007,121
--------------- --------------- -------------
Retained Earnings September 30, 1989 $ 8,824,781 $ 781,207 $ 9,605,988
The notes to the statements are an integral part of these statements.
35
MONROE COUNTY, FLORIDA
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Internal Total
Enterprise Service (Memorandum
Ford& Funds Only)
--------------- ------------ -- ---------------
sources of Working Capital:
Operations
Net Income (Loss) 1,562,417 $ 36,450 $ 1,598,867
It Not Requiring (Providing) Working Capital:
Loss on Disposal of Assets 2,289 946 3,235
Depreciation and Depletion 965,272 7,435 972,707
Amortization of Deferred Charges 26,552 26,552
Amortization of Capital Appreciation
on 1985 Refunding Improvement Bonds 167,180 167,180
Increase (Decrease) in Accrued Compensated Absences 15,803 4,451 20,254
--------------- --------------- --------------___
Working Capital Provided (Used) by operations 2,739,513 49,282 2,788,795
Increase in Capital Leases 234,620 234,620
Net Decrease in Restricted Assets 922,024 922,024
-------------- --------------- ---------------
Total Sources (Uses) of Working Capital 3,896,157 49,282 3,945,439
--------------- --------------- ----------------
Uses of Working Capital:
Additions to Property, Plant and Equipment 1,131,763 17,572 1,149,335
Net Decrease in Current Liabilities
Payable from Restricted Assets 3,961 3,961
Retirement of Capital Leases 163,140 163,140
Decrease in Due to Customers 380,487 380,487
Retirement of Long-Term Debt and Portions
Becoming Current 315,000 315,000
--------------- ----------------- ---------------
Total Uses of Working Capital 1,994,351 17,572 2,011,923
--------------- --------------- ------- -------
Net Increase/(Decrease) in Working Capital $ 1,901,806 S 31,710 S 1,933,516
Components of Net Increase (Decrease)
in Working Capital:
Cash & Investments $ 2,226,365 S (74,402) $ 2,151,963
Accounts Receivable 37,728 106,530 144,258
Due from Other Funds 7,382 331,582 338,964
Due from Other Government 137,954 381 138,335
Accounts Payable (321,375) (63,501) (384,876)
Accrued Wages Payable (34,546) (2,037) (36,583)
Accrued Payroll Taxes and Retirement Payable (8,992) (494) (9,486)
Claims & Judgments Payable 190,243 (248,851) (58,608)
Due to Customers (380,487) (380,487)
Contracts Payable 109,219 248 109,467
Due to Other Funds 117,526 (17,422) 100,104
Due to Other Government (36) (36)
Capital Leases Payable (99,293) (99,293)
Other Current Liabilities (79,918) (288) (80,206)
--------------- ---------------- ---------------
Net Increase/(Decrease) in Working Capital S 1,901,806 S 31,710 $ 1,933,516
The notes to the statements are an integral part of these statements.
16
r~
~� M0NROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 50 1989
-� NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies and the presentation of the financial report of Monroe
County, Florida have been designed to conform to genera | |y accepted accounting
principles as applicable to governmental units, in accordance with the
Governmental Accounting Standards Board (GASB) . Q8SB embodies the official
pronouncements previously issued by the National Councl | on Governmental
Accounting (NCOA) . The following is a summary of the significant accounting
policies.
-` Re rf/ Enfif - Monroe County is a Non-Charter County established under the
Constitution and the laws of the State of Florida. There are six offices
e|acted Counfy-wide, which are as fo| |ows: Board of County Commiss}oners^ omn-
--, posed of five members, Clerk of Circuit Court, Property 8ppro|sar» Sheriff,
Supervisor of Elections and Tax Collector.
-- The Board of County Commissioners is the legislative body for Monroe ""oumfy and
as such budgets and provides all the funding used by the separate
Constitutional Offices with the exception of fees uo| |mofed 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 Counfyvs operations, including those of the Supervisor of
-__ Elections and Clerk of Circuit Court, which are included in the General Fund,
but excluding -those of the Property Appraiser, Sheriff and Tax Co| |eotor, each
of which maintains its own accounting system. The operations of the. County
as a whu/e° however, including all the Constitutional Offices, have been com-
bined in these financial statements.
--- For financial reporting purposes, the County includes a| | funds and account
groups of governmental operations that are controlled by or dependent upon the
County, as determined on the basis of budgetary oversight, foxing authority,
the Counfy's obligation to fund any deficits that may occur or other generally
accepted manifestations of oversight. Sufficient oversight responsibility by
the County Commission has been determined for the Comprehensive Plan Land
Authority of Monroe County and, as a result, if has been included 'in the
-~� Counfy's Comprehensive Annual Financial Report for the year ended September
30, 1989. 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,
ou|furo | 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 Monroe county residents.
�
--� 17
|
/
~-
-- M0NROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1909
-- NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Monroe CTujty_ljousinci AUthority The Commissioners are appointed by the
~_ Governor, of fhe Sfate of Florida. The County has no involvement in the
Authority's budgets, debts, management or operations.
The Monroe CountyMosquito C f | District The Board is elected by the oifi-
-- rens ofMo`roe County. The County he-- no involvement in the Authority's
budgets, debts, management or operations.
~
Basis of Presentation - The accounts of the County are organized on the basis of
funds and account groups/ each of which is considered a separate accounting
entity. Fund structures, where app| icob|e, have been designed to comply with
all requirements of the bond resolutions. The operafions of each fund are
accounted for with a sef 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 state-
,,,on 1 s. The following fund types and account groups are used by the County:
-`
Governmental Fund Types.
General Fund - The General fund is the general operating fund of the County.
8| 1 genaro| fox revenues and other receipts that are not required either
legal |y or by genara | |y 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 Counfy/s General Fund that are held and accounted
-_ for individually, but presented herein with the balance of the Board of
County Commissioners' operating funds.
-` 5 aci | Re Funds - Special Revenue Funds are used to account for the pro-
ceeds of specific revenue sources (other than those associated with expendable
frusfs or major ospifel projects) requiring separate accounting because of
-" legal or ragu|afory provisions or administrative action .
Debt Service Funds - Debt Service Funds are used to account for the payment of
principal , interest and other expenditures related to long-term debt, other
than bonds and loans payable from the operations of Enterprise Funds.
Capital - Capital Project Funds are used to account for finan-
cial resources segregated for the acquisition or construction of major capi-
tal facilities other than those financed by enterprise opmrofions
� .
-1 18
�
~
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANICIAL S
~� SE TEMBER 30, 1989
NOTE l - SUM18RY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
�
Proprietary Fund Types:
-_ Enterprise Funds - Enterprise Funds are used to account for operations that
aro financed and operated in a manner similar to privofe. bus|ness enterprises
- where the stated intent is that the coat (expenses, including depreciation)
_. of providing goods or services to the general ppb| l o on a continuing basis be
financed primarily through user charge-, or where periodic determination of
revenues earned, expenses incurred, and/or net income Is deemed appropriate
for capital maintenance, public p4| Yoy, management ogntrz/| ^ accountability or,
-~ other purposes.
Internal S - Internal Service Funds are used to account for
_- fhm financing mf goods or services provided by one department to other
departments of the County or to other government units on a cost
r,_�-imbursmmonf basis.
— Fiduciary Fund Types:
ExpendableTrust Funds - Expendable Trpst Funds are genero| |y used In
-- in�foncms wh�r� |�ga � (y mandate or where a formal legal trustee rela-
tionship exists. Both pr|n#| pa| and income may be expended in the
course of their designated operations.
_-
8 Fund - Agency Funds mre custodial in nature (assets equal
liabilities) and do not involve measurement of results of operations.
Agency Funds are merely o[ooriny accounts for assets hold by a
— government as an agent for Individuals, private orgaw\Xiaf!cmsv other
governments or other funds.
` A-count Croups:
General Fixed Assets Account Group - This account is established to
account'-for- al I—f[xed-Ws�_(;F_�'-'of the County, other than those accounted
` for in the Enterprise and Internal �ervice Funds.
General Lonq-Terrii Debt Account Group
- This account group is established
` fo aoomunf for t|/e |ong_+orm' de61 'of the County f(noncod fr9m governmental
funds.
. , Basis of 8ccounf/n - The accounting and financial reporting treatment applied
10 a fund is determined by its measurement focus. All governmental funds and
expendable trust funds are accounted for using a current financial resources
measurement focus. With this measurement focus, only current assets and
` current liabilities generally are |pc| qdad on the balance sheet. Operating
s|d |ements of ihese funds present increases ( i .e. , revenues arid Other
finnncing sources) and decreases ( | ^e° v expenditures and other financing uses)
in net current assets,
_ 19
|
� MONROED8
NOTES TO COMBINED FINANCIAL 8TATEMENT3
SEPTEMBER 30 1988
~� NOTE } ~ SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
All proprietary funds are accounted for on a flow of economic resources
measurement focus. With this measurement focus, all assets and all liabilities
associated with the operation of these funds are included on the balance sheet.
Fund equity (i .e. , net total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund-type operating statements pre-
-~ senf increases (e.g. , revenue) and decreases (e.g. , expenses) in net total
ossefs-
-- 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 flm)nQ of the measurements mad* regardless of the
_. measurement focus applied.
The modified accrual basis of accounting is followed in the Governmental Fund
Types and Expendable Trust and Agency Funds. Under the modified accrual basis
-- of accounting, revenues are recognized in the accounting period in which they
become both measurable and available to finance expenditures of the current
period. Available means oo| |eof|b|e within the current period or soon enough
-. thereafter to be used to pay liabilities of the current period. Expenditures
are recorded when the related fund | |obi | | fy is incurred. Exoopf|cms to this
general rule include: ( 1 ) accumulated sick pay and accumulated vacation pay,
which are not recorded as expenditures; (2) prepaid items, which are reported
only on the Balance Sheet and do not affect expenditures; and (3) principal and
interest on general long-term debt, which are recognized when du*. Budgets for
Governmental Funds are also prepared on the modified accrual basis~
- -
|n applying the susceptibility-to-accrual concept to intergovernmental revenues,
the legal and contractual requirements of the numerous individual programs are
-_ used as guidance. There are, however, essentially two types of these revenues.
In one, monies must be expended on the specific purpose or project before any
amounts wi | | be paid to the County; therefore, revenues are recognized based
upon the expenditures recorded. In the other, monies are virtually unrestricted
- ` as to purpose of expenditure and substantially irrevocable; i .e./ revocable
only for failure to comply with prescribed compliance requirements, such as
with equal employment opportunity. These resources are reflected as revenues
-` at the time of receipt or earlier if they meet the availability criterion.
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.
�
_ � 20
�
-_ M0NROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
-� NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
B d f d B d f r D f - The following are the statutory procedures
-_ followed by the Board of County Commissioners in establishing the budget for
Monroe County.
l ) On or before May 1 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 fax roll by the
Property Appraiser, the County Budget Officer submits to the Board o proposed
budget for the fiscal year commencing the following October 1 . The budget
includes proposed expenditures and the moons of financing them.
3) By Board resolution , e tentative budget is submitted to the public.
- Public hearings are held to obtain taxpayer comments.
4) Fifteen days offer 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 50° the Cuunfy's budget is legal |y enacted
through passage of e resolution . Accordingly all fund types have on adopted
budget as required by Florida Statute 129.03.
0) During the year, the County Administrator acts on intradepartmental budget
-- changes that do not alter the fmfo| revenue or expenditures budgeted to a cost
center. 8 cost center represents a particular area of County operations or o
department. All other budget changes (whether they are transfers between cost
_. centers or alterations of total revenues or expenditures in a fund) are
approved by the Board. The budgetary data presented herein was amended by the
Board during the year in a legal |y permissible manner.
-- 7) Florida Statute 129, Section 7, as emended in 1978v provides that only
expenditures in excess of fofo| fund budgets are unlawful . Howaver, because
the Board uofs on all budget changes between cost centers, this becomes the
` level of ocmfrm| .
Q) Budgeted to Actual Expenditure reports are employed as a management
control device during the year for all fund types.
A} Budgets for all funds are adopted on a basis consistent with generally
accepted accounting principles (G8AP) ° for that fund type' except for revenues
and expenditures relative to fox anticipation notes for governmental funds and
revenues and expenditures relative to debt and rupifm| outlay for proprietary
funds.
- 1 21
|
�� �
�
-~ MDNROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
5EPTEMBER 30 1980
-- NOTE l - SUMMARY OF G|8N|F|C&NT ACCOUNTING POLICIES (Continued)
18) Al appropriations lapse of year end.
�
|nvenfor - Inventory is valued at the lower of cost or market. Inventory in
the Comprehensive Plan Land Authority (Special Revenue) consists of land
_~ purchased for resale. The cost is recorded as an expenditure when items are
purchased. Cost records are maintained which specifically identify the unit of
inventory and related cost. Reported inventories are equo| |y offset by a fund
balance reserve which indicates that they du not ccmsf/fufe "available spendable
-� resources".
Investments - Investments, with the exception of those held by the deferred com-
pensation plans, are stated at cost, which approximates market. Investments
held by the deferred compensation plans are stated at market value.
_ The Monroe County Board of County Commissioners pools cash and investments of
the County, excluding those held and accounted for by -the separate
Constitutional Officers and those requiring or benefiting by separate Invest-
ment. This gives the County the ability to maximize its yield on the short-term
— investment of cosh, increasing its interest income accordingly.
Interest earned on pooled investments is o| /ooafmd to the participating funds
based on their overage daily bo |anoe. Individual fund deficits are 'ignored in
the allocation of interest.
Uanmro| Fixed Assets - General Fixed Assets are recorded as expenditures in the
` General Fund, 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,
-- bridgosr 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 fair market value at the time received. There is
no depreciation expense recorded on General Fixed Assets.
Enter2Lise 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 various
classes of depreciable fixed assets are as follows-
Life - Years
8ui |d|ngs and other improvements lO - 20
Machinery and equipment 3 - 10
� Sanitary landfill sites l - lO
Improvements other than buildings 50
-1
22
�
/
�
MDNROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
-� NOTE l - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Capital Lease Ob| i f| - Capfla| lease obligations for non-Enterprise Funds
are accounted for in 'the General Long-Term Debt Account Group. The capitalized
lease obligations are stated of the original fair market value of leased assets
capitalized, less payments since the inception of the lease discounted at the
|mp| io|f rate of interest in the lease. A|so, in the year on 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 Assets Account group-
Cupfio| lease obligations of Enterprise Funds and the cost of assets so acquired
are reflected in the accounts of those funds.
_
Unomort|zed Nebf Ex - Unamorflzed debt expense is amortized by using the
straight-line method over the life of the debt [n Enterprise Funds.
_
Encumbrances - Encumbrance accounting, under- which purchase orders are recorded
to reserve that portion of the applicable appropriation , is employed in the
Governmental fund types. Encumbrances are not the equivalent of expenditures;
therefore, the encumbrances are reported as reservations of fund balances at
year end.
Pro f Ta e - Property faxes, based on assessed values at January 1 , become
— due and payable on November lsf of each year. 8 four percent discount is
al lowed if the faxes are paid in November, with the discount declining by one
percent each month thereafter. Taxes become delinquent on 8pri | 1st of each
_ year, and fax certificates for the fu| | amount of any unpaid faxes and
assessments must be sold riot later than June Yaf of each year. No accrual
for the property fax levy becoming duo in November of 1989 is included in the
accompanying financial statements, since such faxes are collected to finance
-� expenditures of the subsequent period.
'. Compensated Absences - County policy grants employees annual leave and sick
|eave in vary in� amounfs° Upon termination of employment, employees with six
months or more of credited service can receive payment for accumulated annual
leave. In gonara | r sick leave payments are granted upon termination of
-` employment to employees with five years or more of credited service. The maxi-
mum payment is subject to percentages and maximum hour | lmifafYnms as determined
by each constitutional officer. Accumulated compensated absences is reflected
- � in the Conarm| Lung-Term Debt Account Group for Governmental Funds. Proprietary
Fund Typos reflect compensated absences on the accrual basis as m long term
| lobY | ify.
- �
-� 23
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1989
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Total Columns on Combined Statements - Overview - Total columns on the combined
State_ments - Overview (General Purpose Financial Statements) are captioned
"Memorandum Only" to indicate that they are presented only to facilitate finan-
cial analysis. Data in these columns do not present financial position, results
of operations or changes in financial position in conformity with generally
accepted accounting principles, and such data is not comparable to a con-
solidation. Interfund eliminations have not been made in the aggregation of
this data.
NOTE 2 - CASH AND INVESTMENTS
Cash and investments consist of the following at September 30, 1989:
Cash and Restricted Cash
Investments and InvestmentsTotal
Amount invested in County's
pooled cash program $ 39,800,659 $ 849,895 $ 40,650,554
Other cash and investments 18,542,433 11 ,182,548 29,724,981
Total $ 58,343,092 $ 12,032,443 $ 70,375,535
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 in 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
24
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1989
NOTE 2 - CASH AND INVESTMENTS (Continued)
Deposits - At year end, the Board of County Commissioners had demand deposits of
$9,379,704. Demand and time deposits are fully insured in accordance with
Florida Statute 280; which established the multiple financial institution colla-
teral pool .
Investments - The Board's investments at year end are shown below. The
Government securities are held by a third party custodian in the Countyts name.
Carrying Market
Amount Value
Local Government Surplus Funds Trust Fund $40,650,554 $40,650,554
U.S. Government Securities 8,217,543 8,368,733
$48,868,097 $49,019,287
Other Constitutional Officers - Demand deposits of the Constitutional Officers
and the Dependent District at September 30, 1989 amounted to $12, 127,734. These
deposits are fully insured in accordance with Florida Statute 280; which
established the multiple financial institution collateral pool .
NOTE 3 - MORTGAGES RECEIVABLE
Mortgages receivable at September 30, 1989 consist of the following:
Community Development Block Grant:
Second Mortgage Receivable from individual , secured by land
and buildings, payable in monthly installments of $1 ,647
including interest at 3%, final payment due March 1 , 2004 $ 232,156
Second Mortgage Receivable from individual , secured by land
and buildings, payable in monthly installments of $1 ,975
including interest at 3%, final payment due March 2004 278,392
Comprehensive Plan Land Authority:
Non-interest bearing Mortgage Receivable from a not-for-
profit corporation, secured by land, payable in annual
installments of $140,000 700,000
$1 ,210,548
25
�
~- MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
/
~- NOTE 4 - |NTERFUND BALANCES
Individual fund inferfund receivable and payable balances at September 30°
-- 1989 are:
|nferfumd |nferfund
Fund Receivable Pa b|
General Fund
Special Revenue Funds:
-~ Community Development Block Grant - 10°863
Fine and Forfeiture 75^600 108,835
Road and Bridge 08^511 17°770
-- Tourist Development District 1 43,596 303
Tourist Development District 2 43,342 53
Tourist Development District 3 21 ,576 89
Tourist Development District 4 - 89,880
-- Tourist Development District 5 - 44,275
Impact Fees - Roadway 4,192 -
Fire and Ambulance District 5 3,442 53,831
-- Fire and Ambulance District 6 3,720 83°256
Fire and Ambulance District 1 9r871 370,427
Translator 360 -
_. Planning, Building and Zoning 504 55»490
Parks and Beaches - 2,765
Upper Keys Health Care 5 81 ,574
` 274,719 887211
Debt Service Funds:
` 1988 Bond Issues 6l 815 �
Capital Project Funds:
, Capital Project 5 734 126,618
Enfmrprisa Funds:
Municipal Service District - 184,252
-- Card Sound Bridge 7~382 3,371
. Internal Service Funds-
Workmen's Compensation 163,200 6°601
Group Insurance 204*647 9,892
Risk Management Fund 52 74 985
`
` $1 8l7 ?Q8 $1 b17 188
����� �����
| 26
/
�
~- MUNROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
�
SEPTEMBE� -3O 1989
NOTE 5 - RESTRICTED ASSETS
�
Restricted Assets include those provided for by resolution adopted by fhe
County Commission for the issuance of the Municipal Service D� sfriof Revenue
-� Bonds, Refunding Improvement Revenue Bonds, Series 1983 and Improvement
Revenue Bonds, Series 1988° Total restricted assets as of September 30, 1989
are as follows:
Cash and
~� Municipal Service District Investments
Debt Service Reserve Fund $ 966°194
-� Renewal and Replacement Fund 2»019r394
Sinking Fund 652,625
3,638,213
Refundinq Inprovement Revenue
,Bonds Series 1983 Debt Service Fund
-- Debt Service Reserve Fund 471 ^773
Sinking Fund 442 458
914,231
_LE2Eovement Revenue Bond
_.
Debt Service Fund-Sinking Fund 313/495
Construction Trust Funds:
General Fund 59,133
-` Capital Projects 7,107,371
7,479,999
$12 052 445
_
NOTE h - RESERVES FOR RESTRICTED ASSETS
Reserves representing the excess of amounts provided for certain restricted
-- asset accounts over the liabilities payable therefrom are established by o
reduction of retained earnings or fund ba |onoe°
The following schedule reflects the reserve account balances at September 30^
1989:
Enterprise Fund - Municipal Service District-
Reserved for debt service - reserve account $ 966,194
- ` Reserved for debt service - interest account 562v316
Reserved for renewal and replacement account 1 ,958,342
-� 3 286,852
_
| 27
|
�
~� M0NROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL-STATEMENTS
-- SEPTEMBER 30 1089
-- NOTE 6 - RESERVES FOR RESTRICTED ASSETS (Continued)
Capilal f d -
Reserved for Consfrucfion Trust Fund 6,596,320
General Fund -
Reserved for Construction Trust Fund 59 133
�
$ 9,042 3O5
~
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 $10,804,717
Liabilities payable from restricted assets 862,412
-- Reserved retained earnings $ 9,942,305
NOTE 7 - PROPERTY, PLANT AND EQUIPMENT
-`
8 summary of changes 'in General Fixed Assets fn| |ows:
1988 Additions Deductions 1989
-- Land $ 0,961
�"740 $ 504,459 $ 186,561 $ 7,279,638
Buildings 18^769,215 2,466^884 491 ,447 20,744,452
Equipment 17,158^895 3,759,648 1 °275,331 19r643,004
-- Construction in
Progress 1 ,495,050 2 935 351 958,459 3,461 ,942
$44 384 7O8 $ 9,656, 134 $ 2,911,798 $51 12A O38
Enterprise fund property, plant and equipment consisted of the following at
-- September 30, 1989:
Munic| pa| Card
Service Sound
-� District Bridge Total
Land $ 214, 105 $ - $ 214,105
Buildings 16,837 10,558 27,375
Improvements 145°736 2^519,269 2r665,005
~� Equipment 11 ,862,860 54^515 11r717,375
Construction in Progress 578,355 95 O24 673?379
-` Total Property Plant and Equipment 12,617,893 2°679»344 15,297r237
Less Accumulated Depreciation 5 919 843 1,128,509 7OL8,352
, Net Property Plant and Equipment $ 6,698,050 $ 1 ,550,835 $8 248 885
�
28
�
� MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
-- NOTE 7 - PROPERTY, PLANT AND EQUIPMENT (Continued)
Internal service fund property, plant and equipment consisted of the following
~� at September 30° 1989:
Workmens Croup Risk
Compensation Insurance Management Total
~
Equipment $ 18,817 $ 3°053 $ 10»800 $ 32,570
-- Less Accumulated
Depreciation 4,519 1 ,143 1 ,360 7,0%22
Net Equipment � Y4 ��8 � 1 g1O � Q°44O $ 25,648
' " " �===�����
NOTE O - LONG-TERN DEBT
The following is e summary of changes in long-term debt for the year ended
September 30° 1989:
Accrued Copifa| | zed
Revenue Compensated Lease
-` Bonds Absences Ob| |gati ons Total
Payable at
` October 1 ° 1988 $10,920^167 $ 1*053,858 % 625°459 $12,599°484
Debt issued 7^432,180 651 "410 391 ,377 8,474,907
Debt retired 330 O8O - 284,629 614,629
. Payable at
---������
September IO» 1989 $18 O22 ]47 $ 1 ,705,268 $ 732,147 $20 45y 762
� Includes increased value accretion on Municipal Service District Refunding
Improvement, Series 1985 Capital Appreciation Bonds.
- `
Bonds payable at September 30' 1989 are composed of the following issues:
-� Enterprise Revenue Bonds - $9°211 ,774 1985 Municipal Service District
Refunding Improvement Bonds due in annual 'installments of $315°000 to $805v000
on October l » 1989 to October l , 2011 ; interest of 6.75% to 9~30% ( including
-� Cmplfoi Appreciation Bond aooraf*d interest of $560,573)
$ 8,762,347
� 20
|
�
-~ M0NR0E COUNTY,- FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
�- NOTE 8 - LONG TERM DEBT (Continued)
Revenue Bonds - $2,155°008 1983 Refunding Improvement
-_ Revanue 8cmds» Series 1983 due in annual installments
of $30r000 to $190°000 through July 1 , 2011 ) interest
at 7.40% to 9°25% $1 °995,000
=====
--^ Revenue Bonds - $5»000/000 1988 Improvement Revenue
Bonds, Series 1988A due in annual installments of $190,000
to $658°000 -through December 1 , 2008; interest of 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 5.90%
to 6.90% %2,265^000
Debt Service Funding Requirements - The total annual debt service funding
requirements for al bonds outstanding of September 30° 1989r consisting of
- interest payments of $20»669,483 and principal payments of $16,931,774 are as
follows:
--
Yeer Ended Revenue Bonds
September 30 Amount Interest Rafe
1489 $ 1 '802,056 6. 10%-9.30%
1990 1 ,799/472 8.20%-9.30%
,
1991 1 ,808°542 6.30%-9.30%
1992 1r813*272 0.40%-9.30%
-_
1993 7 ,809,432 6.50%-9.30%
-- 1994-1908 9»052,085 6.60%-9.30%
1999-2003 9,045"007 7. 18%-9.30%
-` 2004-2008 8"297,224 7.50%-9.25%
Thereafter 2 175 137 9.00%-9.25%
- `
TOTAL $37 0Ol 257
-�
- 30
�
~� MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
GEPTEMBER 30 1989
NOTE 8 - LONG-TERM DEBT (Continued)
The amount available in the Debt Service Funds to service the 1983, 1988A and
-_ 1988B revenue bonds is $1 ,227,726°
Restrictive Covenants and Co| |afera| Requirements - The 1983 Refunding
Improvement Revenue Bonds are payable from and secured by a lien on and pledge
-~ of the roomfrmok funds received by Monroe County from the State of Florida.
The 1985 Municipal Service District Refunding Improvement Bonds are payable
-- solely from and secured by o 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 the cost of maintenance and operations, principal and interest
requirements of -the outstanding revenue bonds and to create and maintain
specified reserves for such purposes" The Municipal Service District was in
compliance with those covenants for the year ended September 30» 1989° The Bonds
and the interest payable thereon will not constitute a general obligation of
-- the District, Monroe County or the Sfof* of Florida, or o pledge of the faith
and credit of the District, Monroe County, the State of Florida or any political
subdivision fhereof. Neither the Bonds, nor any interest or premium thereon ,
-- shall be payable from the ad valorem fax revenues of the District, Munroe County
or the Sfofm of Florida.
` The 1988 Series 8 and B Improvement Revenue Bonds are payable from and secured
by o 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.
_-
NOTE g - PRIOR YEAR DEFEASANCE OF DEBT
On December 6, 1985 the County defeased Municipal Service District Improvement
Bonds' Series 1980 by placing the proceeds of the new bonds in an irrevocable
trust to provide for all future debt service payments on the old bonds.
Accordingly, the trust account assets and the liability for the defeosed bonds
-� are not included in the Counfy's financial statements. At September 30^ 1989,
$7,595,000 of bonds outstanding relative to the Series 1980 issue are considered
defeasud.
-�
-7
� 31
�
-_ MUNR0E COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
' SEPTEM8ER 30 1989
-~ 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^ 1989:
-- General Long-
Fisca| year ending September 30/ Term Debt
` 1990 395,390
/991 285»831
1992 131 ,716
Total minimum payments 812,737
Amounts representing interest 80 5AO
-- Present value of net minimum
lease payments $ 732,147
Leased equipment which has been capitalized as of September ]O, 1989:
General Fixed Assets:
-- General Government $1 ,028'081
Public Safety 014,264
_ 1 ,942,345
Municipal Service District 234,620
- Total $2,176�, �Q65
�
R*nfo | expense under operating leases for the current year amounted to $682,048.
NOTE 11 - CONTRIBUTED CAPITAL
Contributed capital consists of the following of September 30" 1980:
Enterprise Funds - Contributions from
-- Other Funds:
Municipal Service District $ 2,805,640
-� Cord Sound Bridge 2,761
$ 2,808,410
- �
32
�
MONR0E COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
~� SEPTEMBER 38 1989
NOTE 13 - FUND DEFICIT
Enterprise Fund Munci a | Service District - The accumulated deficit of
T404^950 represents the accumulated operating losses since the District's incep-
tion. It is attributable to depreciation expense recorded on contributed assets
and additional funding of restricted assets. The deficit will be eliminated by
continuing to oo| |eof charges and fees as increased in the prior year.
�
-_ NOTE 13 - SEGMENTS OF ENTERPRISE ACTIVITIES
Municipal Service District operating revenues are generated primarily by
billings for mandatory garbage collection . Cord Sound Bridge operating revenues
-- are generated through tolls for the use of the Bridge. The key financial data
fur the year ended September 30° 1989 for the above services are as follows:
-`
Municipal Card
Service Sound
District B�id Totals
_
Operating Revenues $ 8,826,315 $ 9,679,583
_
Operating Expenses 6»770,541 435,519 7^206,060
-_ Depreciation 914 621 52 A3g 967,560
Total Operating Expenses 7 685 162 488 458 8,173,620
Operating Income (Loss) 1 °141 ,153 564,810 1 ,505°963
-~ Taxes 5°023 - 5,023
Operating Grants 88^713 - 88^712
Interest Income 651 '797 123,112 774°909
Interest Expense and Other
-` Debt Service Costs (780,690) - (780r690)
Operating transfers out (28,500) (3,000) (31 500)
Net Income (Loss) $ 1 ,077,495 $ 484,922 $ 1 ,562,417
_�
33
�
_~ M0NROE COUNTY FLOR|DA
NOTES TO COMBINED FINANCIAL STATEMENTS
~- 3EPTEM8ER 50 1989
NOTE 13 - SEGMENTS OF ENTERPRISE ACTIVITIES (Continued)
Municipal Card
Service Sound
-� District Bribie Totals
Net Increase (Decrease)
------- ----- ------
in Working Capital $ 1 °4D7v647 $ 404,159 $ 1,901 ,806
Assets $16r321 °842 $ 3,282°645 %19 604 487
-_ Bonds Payable $ 8^762,547 $ - $ 8,782 347
Contributed Capital $ 2,805,649 $ 2,761 $ 2,808,410
— Fund Equity $ 5,887,551 $ 5, 137,230 $ 8,824,781
Acquisition of Property,
- Plant and Equipment $ 997»544 $ 134°219 $ 1 ,}3l 783
_ NOTE 14 - BUDGETARY - QAAP REPORTING RECONCILIATION
The accompanying Combined Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget and 8ofuo | - General , Special Revenue* Debt Service and
Capital Project Funds for the year ended September 30, 1989 presents com-
parisons of the legal |y adopted budget with actual data on a budgetary basis.
Because certain accounting principles applied for purposes of developing data on
-- o budgetary basis differ from those used to present financial statements in
conformity with C&8P^ a reconciliation of resultant basis, timing and perspec-
tive differences in the Excess of Revenues and Other Sources over Expenditures
and Other Uses for -the year ended September 30, 1989 is presented as follows:
Special
General Revenue
-` Excess of revenues and other sources
over expenditures and other uses -
budgetary basis $ 1 '490,364 $ 5,842,611
_
Adjustments:
To adjust expenditures for payment
of fax anticipation note 125,000 -
` To adjust expenditures for purchases
of land recorded as inventory - 2,194,852
-, Excess of revenues and other sources
over expenditures and other uses -
C88P basis $ 1 °815^564 $ 7,837°465
- �
- 34
~
~� MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30 1989
~- NOTE 15 - RETIREMENT PLAN
Substantially all full-time County employees are participants in the Florida
~_ Retirement System "The System," which is control led by the State Legislature and
administered by the State of Florida, Department of Administration , Division of
Retirement, covers approximately 478v000 full-time employees of various govern-
mental units within the State of Florida.
~
The System provides for vesting of benefits nffer, lO years of oreditib |a ser-
vice. Normal retirement benefits are evai |ab|e to employees who refire 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 oge. Retirement benefits are based upon age, average com-
pensation and years-of-service credit where overage compensation is computed as
the average of an individua| /s five highest years of earnings.
The County has nn responsibi | ify fo the System other than to make the per iodic
- payment required by state statutes. Ten-year historical trend information
showing the 3yafem/a progress in accumulating sufficient assets to pay benefits
when due is presented in the Sysfem's June 30, 1988 Comprehensive Annual
_ Financial Report.
The amount reported below as "pension benefit ob| igafion' is o 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 p/on 's funding status on a going-concern basis, assess progress
made in accumulating sufficient assets to pay benefits when due, and make oom-
por\ suna among government pension plans and employers. The System dues not
onmduof separate measurements of assets and pension benefit obligations for
individual employers. The pension benefits obligation at June 30, 1988 for the
System as e whole, determined through on actuarial valuation performed as of
that dofm' was $23.4 billion . The Sysfem's net assets available for benefits
-` on that date (valued at market) were $14.5 bi | Hon, resulting in an unfunded
pension benefit obligation of $8.9 billion.
-. Participating employer contributions are based upon state-wide rates
established by the State of Florida. These rates are applied to employer-,
salaries as follows: regular emp |oyeesv 14.38/�O° speoio| risk employees, 17.48%
and elected officials, 78.92%. The Counfy/s contributions of approximately
-` $],4]4p080 made during the year ended September 50° 1989 were made in accordance
with contribution requirements determined by the actuarial valuation of the
system as of June 30, 1988. These contributions represented approximately
-� 0.25,'V/ of total contributions required of al participating employers during the
fiscal year of -the Sys-tern ended June 50, 1988.
- �
' 35
MONROE COUNTY, FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 1989
NOTE 15 - RETIREMENT PLAN (Continued)
Total payroll for County employees during the fiscal year ended September 30,
1989 was approximately $23,284,000, with the portion attributed to employees
covered by the System being $23,027,000. The contribution to the System for the
year was approximately 14.7% of total payroll .
There were no changes in actuarial assumptions, benefit provisions, actuarial
funding methods or any other significant factors that affected the County's
contribution during the fiscal year ended September 30, 1989. Effective January
1 , 1990 contribution rates will increase to cover future normal costs and to
amortize the unfunded liability determined as of June 30, 1988.
NOTE 16 - INTERFUND TRANSFERS
Operating transfers during the year ended September 30, 1989, consisted of the
following:
Fund Operating Operating
Transfers In Transfers Out
General Fund $ 15900,571 $ 1 ,031 ,502
Special Revenue Funds:
Community Development Block Grant 1 ,814 -
Fine and Forfeiture 94,600 15, 120,650
Road and Bridge - 14,000
Fire and Ambulance District 5 3,442 51 ,484
Fire and Ambulance District 6 3,442 83,744
Fire and Ambulance District 1 9,871 353,341
Translator - 10,626
Planning, Building and Zoning - 324,526
Upper Keys Health Care - 61 ,574
113,169 16,019,945
Capital Projects Fund:
General Projects 187,400 118,193
Enterprise Fund
Municipal Service District - 28,500
Card Sound Bridge - 3,000
31,500
$ 17,201 ,140 $ 17,201 ,140
36
-~ MONROE COUNTY FLORIDA
NOTES TO COMBINED FINANCIAL STATEMENTS
SEPTB4BER 30 1089
-� NOTE 17 - DEFERRED COMPENSATION PLAN
The Sheriff, Too Co| |eofor and Property Approlser offer fhe7r emp|oyees a
deferred compensation plan created in accordance with Internal Revenue Code
Section 457~ The plan , available -to all the Officers' employees, permits
them to defer o portion of their salary until future years. The defer-red
compensation is not available to employees until termination , retirement, death,
-~ or unforeseeable emergency.
Al ! amounts of compensation deferred under the plan , all property and rights
-^ purchased with those amounts, and al income attributable to those amounts,
property, or rights are ( until paid or mode available -to the employee or other
beneficiary) solely the property and rights of the Officers (without being
restricted to the provisions of benefits under the plan) , subject only to
the claims of the Off!(-ers' general creditors. Participants' rights under
the plan are equal to those of general creditors of the Officers in an amount
equal to the fair market value of the deferred account for each participant.
-
The Officers have 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 Officers
— believe that if is unlikely that they will use the assets to satisfy the claims
of general creditors in the future.
NOTE 18 - L|T|QAT|ON
_
The County is o defendant in various law suits 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 Counfy's financial
condition .
�
NOTE 19 - CUfIM|TMENTS AND CONTINGENCIES
Self Insurance Pr r - The County is self-insurod for losses in the areas
-- mentioned &s|mw. Claims are paid from the Group Insurance, Workmen 's
Compensation and Risk Management Internal Service funds which are funded by
contributions from other funds and in the case of Group insurance, emp|oyees.
-` The contributions are determined by projected losses based on historical
claims experience.
.Estimated liabilities for claims and judgements are accrued as liabilities of
the funds. As of September 30, 1989' there are no material long-term liabil-
ities for claims and judgements.
-` Grant Pr - The County participates in a number of federally assisted grant
programs. These progrdms are subject to financial and compliance dudifs by the
grantors or their representatives. As of February 28, 1990 there were no
-� material questioned or disallowed costs as o result of grant audits in process
or completed.
37
� GENEM& RJND
� Re Genera} FurrJ is the Gk.neral Operating Fund of the County. It is used to account for
all financial resources except for those required to be accounted for in another fund.
The General Fund has a greater number and variety of revenue sources than any other fund,
^-` and its resources finance a wider range of activities. The resources of the General Fund
are Ordinarily largely expended and replenished on an annual basis.
._,
~
~
�
_
_
�
�
~
�
�
�
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
.............. ............... .........I.......
Revenues;
Taxes S 9,704,043 S 9,652,235 S (51,808)
Licenses and Permits 184,178 138,254 (45,924)
Intergovernmental Revenues 11,311,601 10,582,120 (729,481)
Charges for Services 2,027,230 2,802,296 775,066
Fines and Forfeitures 18,652 19,164 512
Interest Income 616,117 1,075,629 459,512
Miscellaneous Revenues 357,163 283,068 (74,095)
--------------- --------------- ---------------
Total Revenues 24,218,984 24,552,766 333,782
--------------- --------------- --__-_--.--__--
Expenditures:
Current:
General Government:
Board of County Commissioners 913,827 867,341 46,486
Insurances-Clerk Circuit Court 148,941 148,941
Insurances-Clerk to the Board 68,833 67,a81 952
Insurances-Microfilm 15,823 15,823
Insurances-Property Appraiser 125,926 125,926
Clerk to the Board 526:4a4 525,818 666
Clerk of the Circuit Court 859,191 831,376 27,815
Public Records Trust Fund 10,500 10,134 366
Clerk of the Circuit Court-Microfilm 143,597 113,055 30,542
Clerk of the County Court 452,764 438,796 13,968
Clerk Data Processing 253,748 247,694 6,054
Clerk Electronic Recording 63,514 62,504 1,010
Clerk Domestic Relations 53,562 44,710 8,852
Clerk Information System 1 34,490 34,386 104
Clerk Information Systems 11 165,491 145,234 20,257
CJIS State Court Grant In Aid 311 296 15
CJIS Salary Supplement 1,909 1,818 91
Criminal Systems Capita! Purchase 151,549 151,549
CJIS Cost Sharing Project 3,574 314 3,260
County Attorney 675 629 627,528 48,101
Property Appraiser 1,378:396 1,215,500 162,896
Tax Collector 1,765,974 1,616,813 149,161
Sheriff 172,354 182,325 (9,971)
Circuit Court 218,685 214,545 4,140
County Court 48,389 46,281 2,108
Jail Overcrowding Project 161,960 152,099 9,861
Court Facility 43,123 37,222 5,901
State Attorney 125,932 88,848 37,084
Public Defender 140,109 133,752 6,357
Supervisor of Elections 336,838 335,632 1,206
Elections 104,702 104,648 54
Special Election 45,846 44,930 916
County Administrator 215,982 200,930 15,052
(continued)
38
Variance
Favorable
Budget Actual (Unfavorable)
General Government:
County Administrator m Data Processing 750,793 735,265 15,528
County Administrator _ Fiscal Managenent 188,105 186,962 1,143
Grants Management 23,909 22,073 1,916
PersonnetaaSaafety 227,109 211,829 15,280
Public Works Garage 552,270 489,270 63,000
PaabH c Works Correction Facilities 129,670 127,652 2,018
Prabtic Works Facilities Maintenance 2,263,685 2,245,991 17,69E
Advertising 4,400 3,974 426
Chaplin Building 79,600 55,820 23,780
.1------- --------------- ______________
Total General Gover,nffwnt 13,647,574 12,913,485 734,089
ublic Safety.
Medical Examiner 162,950 162,641 309
Disaster Preparedness 247,203 243,605 3,59
Civil Defense/Storer Shutters 40,000 -- 40,000
Raadiotogica€ Eraaerrgency Preparedness Grant 100,759 76,307 22,452
Emergency Medical Services Coordinator 203,209 193,052 10,157
Emergency Medical Svc Matching Grant 11d37-4/ 9 129,390 110,576 13,814
Emergency Medical Svc Matching Grant 10/ -9/89 210,078 144,037 66,041
Public Safety Management 111,147 99,699 11,248
Fire and Rescue Department 114,087 98,574 15,513
E€ rgenc:y Medical Coswunications 33,295 27,664 5,631
911 E rgency System 165,90:3 163,278 2,705
Energency Medical Air Transportation 80,000 25,116 54,
Sheriff 14,992,239 14,876,779 115,460
Total Paab€ic Safety 16,590,340 16,223,528 366,812
Physical Environment:
Simonton Street Pier Project 50,000 50,000
Loser keys Reef Mooring 22,440 22,440
Tavernier Creak Boating Project 354 354
DNR Kemp/Sum*rland Channel 17,267 17,267
Tavernier Creak Roasting Project 3,770 3,770
Beach Access Grant 40,000 35,400 4,600
Extension Service 130,469 112,093 18,376
--------------- _m_____________ ____s_..--------
Total Physical, Enviro nt 264,300 240,970 23,330
____a__ _______________ _____y___p_____
Transportation:
Marathon Airport 117,612 108,621 5,991
Marathon Airport Noise Study 51,109 31, 53 19,756
Marathon AIP-07 Beacon & Tower 90,776 5,413 55,363
Marathon AIP-07 East Apron 93,650 2,467 916183
Marathon AIP-07 West Apron 625,930 365,01E 260,916
Marathon AIP-07 Runway Safety Overrun 248, 205,758 42,928
(continued)
39
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
G - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Transportation:
Marathon AIP-08 Safety Fence & Gates 13,301 12,060 1,241
Marathon AIP-04 Master Plan 3,884 3,884
Key West Airport Operations & Maintenance 660,041 614,606 45,435
Key West AIP-02 Master Plan 1,575 1,500 75
Key West AIP-03 Noise Study 39,019 27,350 11,669
Key West AIP-04 Apron Expansion 1,851,940 1,603,868 248,072
Key West AIP-05 Terminal Restrooms 188,740 149,950 38,790
Key West AIP-05 Security Gates 7,700 7,700 --
Key West AIP-05 CFR Equipment 32,027 16,597 15,430
Key West AIP-06 Beacon & Tower 6,187 5,525 662
--------------- --------------- ---------------
Total Transportation 4,032,177 3,161,666 870,511
--------------- --------------- ---------------
Economic Environment:
Housing Authority\HUD 449,811 189,292 260,519
Affordable Housing Donations 5,000 -- 5,000
Monroe County Housing Finance Authority 600 75 525
Veteran's Affairs 271,409 259,459 11,950
SFETC - JTPA Liaison 7/88-6/89 37,183 34,739 2,444
SFETC - JTPA Liaison 7/89-6/90 29,393 2,446 26,947
SFETC Title IIA 7/88-6/89 34,275 12,046 22,229
SFETC Title IIA 7/89-6/90 47,613 6,909 40,704
SFETC Intake Est. 7/88-6/89 32,309 28,463 3,846
SFETC Intake Est. 7/89-6/90 40,000 8,238 31,762
Sumer Youth Employment & Training 37,636 19,559 18,077
SFETC - Title I 23,170 3,801 19,369
--------------- --------------- ---------------
Total Economic Environment 1,008,399 565,027 443,372
--------------- --------------- ---------------
Human Services:
Public Works Animal Shelter 415,298 414,169 1,129
Trauma Care, Administration 61,574 27,575 33,999
Transportation & Treatment, 65% Trauma 300,000 5,562 294,438
Baker Act Services 325,424 318,486 6,938
Mental Health 264,813 264,813 --
Monroe County Association for Retarded Citizens 20,300 20,300 -
Baker Act Transportation (MHCLK) 87,884 79,107 8,777
Grace Jones Daycare Center 3,242 3,242 --
Welfare Administration 429,259 408,985 20,274
Welfare Services 513,402 513,354 48
County Home 355,077 300,060 55,017
Senior Community Svc. Proj. Federal 7/88-6/89 133,072 129,682 3,390
Senior Community Svc. Proj. - Local 7/88-6/89 15,911 15,492 419
Senior Community Svc. Proj. - Federal 7/89-6/90 176,700 41,758 134,942
Senior Community Svc. Proj. - Local 7/89-6/90 27,000 4,584 22,416
Transportation Title III-B 1987 955 -- 955
Transportation Title III-B 1988 42,083 41,559 524
(continued)
40
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL REVENUE FUND - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...........
Human Services®
Transportation Title 111-B 1989 186,357 121,623 64,734
Transportation 174,264 169,036 5,228
Nutrition C-I 1988 69,640 66,558 3,082
Nutrition C-I 1989 199,580 139,672 59,908
SLamm-r Children Food Service Program 3,808 2,968 840
Nutrition C-11 1988 21,719 19,275 2,444
Nutrition C-11 1989 119,503 82,837 36,666
CCE - In Home Services 1989 449,932 434,314 15,618
CCE - In Home Services 1990 573,137 145,329 427,808
CCDA - Homemakers 1988 111,1146 104,355 7,491
CCDA - Homemakers 1989 137,096 31,115 105,981
Homemaker 111-D 10/88-12/88 16,666 16,607 59
Homemaker 111-D 1/89-12/89 20,298 10,348 9,950
Lower Keys AARP 1,500 974 526
Middle Keys AARP 1,500 1,305 195
Upper Keys AARP 1,500 810 690
Big Pine Key AARP 1,500 1,155 345
Older Americans Volunteer Program 4,000 3,354 646
Legal Aid 14,250 13,127 1,123
Help Line 10,500 10,500
Domestic Abuse Shelter 14,250 14,250
Hospice of the Florida Keys 50,000 50,000
Aids Help, Inc. 38,000 38,000
Big Brothers\Big Sisters 12,106 12,106
Handicapped Job Ptacement 19,950 19,949 1
Grace Jones Daycare Center 10,000 10,000
--------------- --------------- ---------------
Total Human Services 5,434,896 4,108,295 1,326,601
--------------- --------------- ......----------
Culture and Recreation:
Fine Arts Council 127,500 127,500
Parks and Beaches 313,676 295,927 17,749
Suymr School Recreation Program 42,750 42,750
Historic FLa. Keys Preservation Board 9,500 9,500
East NartetLo Art gallery and HistoricaL Museum 9,586 9,096 490
Key West Garden Club - West Martetto 19,822 18,900 922
Key West Lighthouse Museum 10,919 7,907 3,012
Senior Major BasebaLL League 2,000 1,000 1,000
Library Operations 1,056,696 968,160 88,536
Library Bookmobile 2,470 2,467 3
Library COMCAT Grant 15,000 6,556 8,444
--------------- --------------- ---------------
TotaL Cutturat and Recreation 1,609,919 1,489,763 120,156
--------------- --------------- ---------------
(continued)
41
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
G — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Debt Service:
Principal Retirement 369,257 332,627 36,630
interest and Fiscal Charges 40,682 52,808 (12,126)
--------------- --------------- ---------------
Total Debt Service 409,939 385,435 24,504
--------------- --------------- ---------------
Total Expenditures 42,997,544 39,088,169 3,909,375
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (18,778,560) (14,535,403) 4,243,157
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (321,655) -- 321,655
Transfers from Other Funds 17,003,915 16,900,571 (103,344)
Transfers to Other Funds (1,031,502) (1,031,502) --
Capital Lease Acquisition 156,698 156,698 --
Proceeds from Tax Anticipation Notes -- --
Proceeds from Mortgage Loans - -- -
Proceeds from Bonds - - -
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) 15,807,456 16,025,767 218,311
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under) Expenditures
and Other Uses Budgetary Basis (2,971,104) 1,490,364 4,461,468
Adjustment- To Report Tax Anticipation
Note Principal as a Liability 125,000 125,000 --
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under) Expenditures
and Other Uses - GAAP Basis (2,846,104) 1,615,364 4,461,468
Fund Balance, October 1, 1988 10,324,120 10,324,120 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ 7,478,016 $ 11,939,484 $ 4,461,468
--------------- --------------- ---------------
--------------- --------------- ---------------
42
—~
_~
' SPECIAL,,REVENUE FUNDS
~_ CDBG HouO�m R�habilitat nn Fund - State of
Florida^ Department partnent of [�nmunityAff8irQ Grant
_
for, rehabilitation Of 32 units of low income housing at "The Rock/ in Marathon. The CDBG
� Grunt Was used to leverage private investment for the construction Of IO new units of low
-. income housing,
Fine and Forfeiture - Tb 'account for revenues received from fines and forfeitures imposed
________
~� fn3m tW COnmAssiOO of statutory offenses, and ad valorem taxes that are transferred to
the Sheriff's department and to account for operations of the county/s court support
system.
-`
Road and Bridge - T� account for �7l revenues, operating expenditures ond improve-
mentcapital
for the county^S road department.
Lam Lib - To account for all revenues and operating exenditunes'fbr county^s law
li bra ry.
_
Tourist LD)evc�op-nent. Districts - To account for the local option three cent bed tax in five
d1��rict funds for ��operating expenditures of advertising, promotions and special
-- events, of the County Tourist Development Council.
Fire and Ambulance Districts - To account for all revenues and operating expenditures in
` three funds for county fire and ambulance services.
Translator System Services District - To account for all revenues and operating expen-
ditures for the nounty's television translator system.
Special Road Districts - To account for all revenues, operating expenditures and �Bnfers
_______
to the �oounty`� road de . rtnsnt for speci6l roads in the funds for Cross Key Waterway
Estates, Gulf Drive Road and Venetian Drive,
' �Iariners HosDita District - To account for the operating expenditures used by the private
__________
for profit Mariners Hospital for debt retirement and capital outlay.
` Un Area Services District - To account for all revenues and operating expen-
ditures in the funds for Planning, Building and Zoning, and Parks and Recreation.
^` Impact Fees - To account for special assessment revenues in five funds Of the
unincorporated area from impacts fees for roadways, parks and recreation, libraries, solid
waste, and police facilities.
- .
U�x� Key� Health Care 8oec�O Tax�m DfDtric± - To account for all transportation and
�� ��� � �����
hospitalization costs of Monroe County trauma patients in Dade County,
'
Sheriff Smfetv Deat Pn22ram - To account for all revenue and expenditures for the safety
_ ___
seat program of the sheriff's department.
Comprehensive�
Plan Land Auth�i - Designated to purchase ��il�0e property in the_ _____
keys and repackage the property into appropriate lot sizes to meet the new Density and
' Land Use Plan requirements Pro[erty is also puncha�ed or recneat�0nol and con�er
� ~ _
� vtion7 purposes.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FTFN�S
SEPTZMAER 30, 1909
CW"n i ty
Dovetopment Fine Road
Block & &' Low
Grant Forfeiture Bridge Library
............ ......T. ., ........... ...........
ASSETS
Cash and Investments $ 30,749 $ 4,637,101 6,205,839 S 733
Accounts Receivable:
Other -- 159 1,638
Allowance for Other UncoltectibIQ -- --
Mortgage Note Receivable 510,548 — --
Due from Other Funds -- 75,600 66,511
Due from Other Governmental Units 9,919 208,673 101,249 1,560
Inventory of Land for Resale -- --
----------- 1-1—--- ---- --------------
Total Assets $ 551,216 4,921,533 S 6,457,237 S 2,293
LIABILITIES AND FUND EQU4TY
Liabilities:
Accounts Payable S S 69,871 $ 282,985 $ 1,299
Accrued Wages Benefits Payable 5,031 62,865
Due to Other Funds 18,663 108,835 17,770
Due to Other Governments
Deposits in Escrow
Deferred Revenues
Other Current Liabilities 385
...... -----r—r—T, T... ®_ - --- .......--
Total Liabilities 18,863 184,122 303,620 1,299
........ --- ------------ ------------
Fund Equity:
Fund Balances:
Reserved for Encumbrances 59,838 2,433
Reserved for inventory --
Reserved for Land Acquisition
Reserved for Mortgage Loans 510,548 -- --
Unreserved 21,805 4,677,573 6,091,184 994
-------------- -------------- -----11-- --------------
Total Fund Equity 532,353 4,737,411 6,093,617 994
---------- ------I----"I -------------- ---—,-------
Total Liabilities and Fund Equity 551,216 S 4,921,533 S 6,457,237 $ 2,293
43
Fire And
Tourist Tourist Tourist Tourist Tourist Ambulance
Development, Development, Development, Development, Development, District #1
District District District District District - Lower end
#One #Two #Three #Four ffive Middle Keys
.............. .............. .............. .............. .............. ..............
S 2,374,913 S 269,956 S 556,901 S 573,211 S 797,694 S 1,549,147
70 12 21 15 20 653,974
-- -- -- -- -- (443,167)
43,596 43,342 21,576 -- -- 9,871
151,347 24,832 43,630 52,263 42,576 36,939
-------------- -------------- -------------- -------------- -------------- --------------
$ 2,569,926 S 338,142 S 622,128 $ 625,489 $ 840,290 S 1,806,764
S 207,525 S 69,547 $ 89,631 S 61,120 S 99,938 S 153,474
-- -- - -- 6-8,227
303 53 89 69,680 44,275 370,427
-- -- 381
-------------- --------------- ------- ------------ ----- ------
207,828 69,600 89,720 130,800 144,213 592v509
----------- ------------- ----------- -------- -- ----------
58,818
2,362,098 268,542 532,408 494,689 696,077 1,155,437
-------------- -------------- -------------- -------------- -------------- --------------
2,362,098 268,542 532,408 494,689 696,077 1,214,255
-------------- -------------- -------------- -------------- -------------- --------------
$ 2,569,926 S 338,142 $ 622,128 $ 625,489 $ 840,290 $ 1,806,764
(continued)
44
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS - CONTINUED
SEPTEMBER 30, 1989
Special
Fire And Fire And Translator Road District
Ambulance Ambulance System - Cross Key
District 05 District fibs Service Waterway
- Tavernier - Key Largo District Estates
.............. .............. .............. ..............
ASSETS
Cash and Investments $ 404,180 $ 470,502 $ 465,941 S 6,103
Accounts Receivable:
Other 528 -- 500 -
Allowance for Other Uncoltectible -- --
Mortgage Note Receivable - -- -
Due from Other Funds 3,442 3,720 360 -
Due from Other Governmental Units 3,907 9,138 1,671
Inventory of Land for Resale -- -- --
-------------- -------------- -------------- --------------
Total Assets $ 412,057 $ 483,360 S 468,472 S 6,103
-L---.tee------- -------------- -------------- --------------
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ 25,997 $ 26,572 S 14,928 $
Accrued Wages Benefits Payable -- -- -_
Due to Other Funds 53,831 83,256 - -
Due to Other Governments 80 110
Deposits in Escrow -- --
Deferred Revenues - - --
Other Current Liabilities -- --
-------------- -------------- -------------- --------------
Total Liabilities 79,908 109,938 14,928 --
-------------- -------------- -------------- --------------
Fund Equity:
Fund Balances:
Reserved for Encumbrances 16,837 17,336 2,927 -
Reserved for Inventory -- -- -- --
Reserved for Land Acquisition -- -- - --
Reserved for Mortgage Loans -- -- --
Unreserved 315,312 356,086 450,617 6,103
-------------- -------------- -------------- --------------
Total Fund Equity 332,149 373,422 453,544 6,103
-------------- -------------- -------------- --------------
Total Liabilities and Fund Equity $ 412,057 $ 483,360 S 468,472 $ 6,103
-------------- -------------- -------------- --------------
45
Unincorporated
Area Services Unincorporated
District Area Services
Specfat SpeciaL Mariners - Nanning, District
Road District Road District Hospital BuiLdfng and Parke and Impact Fees
Gulf Drive Venetian Drive District Zoning Recreation - Roadways
.............. .............. .............. .............. .............. ..............
$ 968 S 47,661 $ 33,427 S 2,447,544 S 417,710 S 3,602,044
-- -- -- 1,150 --
504 4,192
54,747 148
-------------- -------------- -------------- -------------- -------------- --------------
$ 968 $ 47,661 $ 33,427 $ 2,502,795 S 419,008 S 3,606,236
S S $ 302,880 S 88,837 $
137,507 10,273
55,490 2,765
-------------- -------------- -------------- -------------- -------------- --------------
495,877 101,875
-------------- -------------- -------------- -------------- -------------- --------------
1,744
968 47,661 33,427 2,005,174 317,133 3,606,236
-------------- -------------- -------------- -------------- -------------- __-_____-___-_
968 47,661 33,427 2,006,918 317,133 3,606,236
-------------- -------------- -------------- -------------- -------------- --------------
$ 968 $ 47,661 $ 33,427 $ 2,502,795 S 419,008 $ 3,606,236
(continued)
46
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS — CONTINUED
SEPT ER 30, 1989
Impact Fees Impact Fees
- Parks and Impact Fees Impact Fees - Police
Recreation - Libraries - Solid waste Facilities
.............. .............. .............. ..............
ASSETS
Cash and Investments I 271,884 S 378,387 S 237,249 $ 241,431
Accounts Receivable:
Other -- __ __ _-
Allowance for Other Uncollectible -- -- -_ _
Mortgage Note Receivable -- - -- --
Due from Other Funds
Due from Other Governmental Units -- -- -- --
Inventory of Land for Resale
-------------- -------------- -------------- --------------
Total Assets E 271,884 S 378,387 $ 237,249 S 241,431
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable $ - S - $ --
Accrued Wages Benefits Payable --
Due to Other Funds -- - -_
Due to Other Governments
Deposits in Escrow
Deferred Revenues
Other Current Liabilities -- - ---------------- ______________ ______________ ______________
Total Liabilities
-------------- -------------- -------------- --------------
Fund Equity:
Fund Balances:
Reserved for Encumbrances
Reserved for Inventory
Reserved for Land Acquisition -- -- --
Reserved for Mortgage Loans -- -- -- --
Unreserved 271,884 378,387 237,249 241,431
-------------- -------------- -------------- --------------
Total Fund Equity 271,884 378,387 237,249 241,431
-------------- -------------- -------------- --------------
Total Liabilities and Fund Equity S 271,884 S 378,387 $ 237,249 S 241,431
47
Upper Keys
Health Care Sheriff Comprehensive
special Safety Plan
Taxing Seat Land
District Program Authority Total
.............. .............. .............. ..............
$ 760,508 $ 10,380 $ 5,140,365 $ 31,932,528
-- -- -- 658,087
-_ (443,167)
-_ -_ 700,000 1,210,548
5 __ -- 274,719
11,307 - 11,587 1,015,493
-- - 2,231,846 2,231,846
______________ -------------- -------------- _-_--_-______-
$ 771,820 $ 10,380 $ 8,253,798 $ 36,880,054
$ 372,649 $ -- $ 101,788 $ 1,969,041
-- -- 283,903
61,574 887,211
-_ 571
1,970 -- 1,970
-- - 2,670,625 2,670,625
- -- -- 385
-------------- ______________ ______________ ______________
434,223 1,970 2,772,413 5,813,706
______________ -------------- -------------- -_.__________-
159,933
2,231,846 2,231,846
- -- 2,271,659 2,271,659
-- -- 700,000 1,210,548
337,597 8,410 277,880 25,192,362
______________ -------------- -------------- -_-__-_-__--_-
337,597 8,410 5,481,385 31,066,348
______________ ______________ ______________ --------------
$ 771,820 $ 10,380 $ 8,253,798 $ 36, 0,054
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Community
Development Fine Road
Block & & Law
Grant Forfeiture Bridge Library
.............. .............. .............. ..............
Revenues:
Taxes $ -- $ 14,748,394 $ 1,630,904 S --
Licenses & Permits -- -_ __
Intergovernmental Revenues 240,435 273,161 2,133,424 --
Charges for Services -- 133,667 -- --
Fines & Forfeitures -- 1,811,951 -- 17,598
Interest Income 7,781 538,109 458,939 349
Miscellaneous Revenues 3 11,865 34,248 20
-------------- -------------- -------------- --------------
Total Revenues 248,219 17,517,147 4,257,515 17,967
-------------- -------------- -------------- --------------
Expenditures:
Current:
General Government - 491,383 -- 27,487
Public Safety - 1,086,579 -- --
Transportation -- -- 3,263,245
Economic Environment 242,180 -- --
Human Services -- -- -- -
Culture and Recreation
Debt Service
- -- ------- -------------- ----------- --------------
Total Expenditures 242,180 1,577,962 3,263,245 27,487
-------------- -------------- -------------- --------------
Excess of Revenues Over/
(Under) Expenditures 6,039 15,939,185 994,270 (9,520)
-------------- -------------- -------------- --------------
Other Financing Sources (Uses):
Transfers from Other Funds 1,814 94,600 -- -
Transfers to Other Funds -- (15,120,650) (14,000) -
-------------- -------------- -------------- --------------
Total Other Financing
Sources/(Uses) 1,814 (15,026,050) (14,000) --
-------------- -------------- -------------- --------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures & other Uses 7,853 913,135 980,270 (9,520)
Fund Balance, October 1, 1988 524,500 3,824,276 5,113,347 10,514
-------------- -------------- -------------- --------------
Fund eatance, September 30, 1989 S 532,353 S 4,737,411 $ 6,093,617 $ 994
49
Fire And
Tourist Tourist Tourist Tourist Tourist Ambulance
Development, Development, Development, Development, DeveLopment, District #1
District District District District District - Lower and
#One #Two Chree #Four ffive Middle Keys
.............. .............. .............. .............. .............. ..............
$ 2,623,953 $ 389,733 S 740,384 $ 691,292 S 896,407 $ 2,767,174
13,131
399,428
169,377 17,260 32,865 31,573 60,915 186,153
2,690 687 1,955 1,024 2,207 3,737
-------------- -------------- -------------- -------------- -------------- ______________
2,796,020 407,680 775,204 723,889 959,529 3,369,623
-------------- -------------- -------------- -------------- -------------- --------------
120,720
2,663,820
2,068,597 345,644 562,631 561,542 720,730
20,566
-------------- -------------- -------------- -------------- -------------- ______________
2,068,597 345,644 562,631 561,542 720,730 2,805,106
-------------- -------------- -------------- -------------- -------------- ______________
727,423 62,036 212,573 162,347 238,799 564,517
-------------- -------------- -------------- -------------- -------------- --------------
9,871
(353,341)
-------------- -------------- -------------- -------------- -------------- --------------
(343,470)
-------------- -------------- -------------- -------------- -------------- ______________
727,423 62,036 212,573 162,347 238,799 221,047
1,634,675 206,506 319,835 332,342 457,278 993,208
-------------- -------------- -------------- -------------- -------------- --------------
$ 2,362,098 $ 268,542 $ 532,408 S 494,689 S 696,077 S 1,214,255
(continued)
so
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, 1989
SpeciaL
Fire And Fire And Transistor Road District
Ambulance AmbuLance System - Cross Key
District #5 District #6 Service Waterway
- Tavernier - Key Largo District Estates
.............. .............. .............. ..............
Revenues:
Taxes S 304,819 S 640,786 S 127,772 S 3,589
Licenses & Permits -- -- --
Intergovernmental Revenues -- 700 -- --
Charges for Services 3,903 8,162 1,656 --
Fines & Forfeitures -- -- --
Interest Income 35,711 43,720 52,874 272
Miscellaneous Revenues -- 520 500 --
-------------- -------------- -------------- --------------
Total Revenues 344,433 693,888 182,802 3,861
-------------- -------------- -------------- --------------
Expenditures:
Current:
General Government 15,298 28,066 --
Public Safety 172,920 559,325 -- --
Transportation -- - 760
Economic Environment -- -- -- --
Human Services __ __
Culture and Recreation -- -- 444,272 --
Debt Service -- -- -- --
-------------- -------------- -------------- --------------
Total Expenditures 188,218 587,391 444,272 760
-------------- -------------- -------------- --------------
Excess of Revenues Over/
(Under) Expenditures 156,215 106,497 (261,470) 3,101
-------------- -------------- -------------- --------------
Other Financing Sources (Uses):
Transfers from Other Funds 3,442 3,442 -- --
Transfers to Other Funds (51,484) (83,744) (10,626) --
-------------- -------------- -------------- --------------
Total Other Financing
Sources/(Uses) (48,042) (80,302) (10,626) --
-------------- -------------- -------------- --------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures & Other Uses 108,173 26,195 (272,096) 3,101
Fund Balance, October 1, 1988 223,976 347,227 725,640 3,002
-------------- -------------- -------------- --------------
Fund Balance, September 30, 1989 S 332,149 S 373,422 S 453,544 S 6,103
-------------- -------------- -------------- --------------
51
�
�
�
Unincorporated
Area Services Unincorporated
� District Arts Services
special Special Mariners - Planning, District
Road District Road District Hospital Building and Parke and Impact Pmms
Gulf Drive Venetian Drive District Zoning Recreation - Roadways
.............. .............. .............. .............. ~~'~------~~~~ ..............
$ 1,918 w 1,500,431 m 346.331 S —
1,914.686 — —
— — — 22o^nm 1'585 —
— — — 23,n5 21,010 —
— — — 8,258 — —
-- — 4'08a 10,719 263,945 38,818 250,000
— — — 5,580 1*'505 1,332,848
_______ _______ _______ _______ _______ _______
— 4.08e 12,637 3,93r 9n5 422,249 1,582,848
_
_______ _______ _______ _______ _______ _______
_
— — — 1,952,s19 — —
— — — 1,642,043 — —
— \mm _ _
— — 16n'9n9 — — _
— — — — 408.212 —
-------------- -------------- -------------- -------------- _______ _______
— 1,082 181,919 3,594,562 408,212 —
_______ _______ _______ _______ _______ _______
-- — 3,003 (149,282) 343,353 14,037 1,582'848
------- ------- ------- ------- ------- -------
_
— — — (32w,526) — —
_______ _______ _______ _______ _______ _______
_
— — — (32»,526) — —
------- ------- ------- ------- ------- -------
�
— 3,003 (149,282) 18,e27 14,037 1'582'848
968 44'658 182,709 1,988,091 303,09* 2,023,388
�
------- ------- ------- ------- ------- -------
� 96m $ 47,661 m 33,427 $ 2,006'918 $ 317,133 m 3,606,236
(continued)
l
l 52
�
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, 1989
Impact Fees Impact Fees
- Parke and Impact Fees Impact Fees - Police
Recreation - Libraries - Solid Waste Facilities
.............. .............. .............. ..............
Revenues:
Taxes S -- $ -- S --
Licenses & Permits
Intergovernmental Revenues -- -- -- --
Charges for Services -- -- -- -
Fines & Forfeitures --
Interest Income 18,246 25,023 16,913 15,796
Miscellaneous Revenues 106,095 136,040 73,414 105,829
-------------- -------------- -------------- --------------
Total Revenues 124,341 161,063 90,327 121,625
______________ ______________ ______________ ______________
Expenditures:
Current:
General Goverment -- -- -- --
Public Safety -- -
Transportation
Economic Environment -- -- -- --
Human Services
Culture and Recreation
Debt Service
______________ ______________ ______________ ______________
Total Expenditures
-------------- -------------- -------------- --------------
Excess of Revenues Over/
(Under) Expenditures 124,341 161,063 90,327 121,625
-------------- -------------- -------------- --------------
Other Financing Sources (Uses):
Transfers from Other Funds
Transfers to Other Funds
-------------- -------------- -------------- --------------
Total Other Financing
Sources/(Uses)
-------------- -------------- -------------- --_-__--------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures & Other Uses 124,341 161,063 90,327 121,625
Fund Balance, October 1, 1988 147,543 217,324 146,922 119,806
-------------- -------------- -------------- --------------
Fund Balance, September 30, 1989 S 271,884 $ 378,387 $ 237,249 $ 241,431
53
Upper Keys
Health Care Sheriff Comprehensive
Special Safety Man
Taxing Seat Land
District Program Authority Totat
.............. .............. .............. ..............
872,263 S S S 28,286,150
-- -- 1,914,686
-- 4,296,523 7,180,199
11,237 1,090 -- 603,928
-- -- 1,837,807
54,061 129,504 2,463,008
-- -- 1,833,767
-------------- -------------- ------------ _-_-_____-____
937,561 1,090 4,426,027 44,119,545
-------------- -------------- -------------- --_--___-_--_-
24,745 i94,082 2,854,300
-- 93 6,124,780
3,265,087
-- 4,501,324
513,645 675,564
-- 852,484
20,566
-------------- -------------- --------------
538,390 93 194,082 18,294,105
-------------- -------------- -------------- --------------
399,171 997 4,231,945 25,825,440
-------------- --------------- --------------
-- 113,169
(61,574) (16,019,945)
-------------- -------------- ___--_--__---_
(61,574) (15,906,776)
-------------- -------------- -------------- --------------
337,597 997 4,231,945 9,918,664
-- 7,413 1,249,440 21,147,684
-------------- -------------- --------------
337,597 S 8,410 $ 5,481,385 S 31,066,348
54
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGES IN - BUDGET AND ACTUAL
COMMUNITY 1
FOR THE FISCAL SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
--------------- ...... .... .....
Revenues:
Intergovernmental Revenues S 241,516 S 240,435 S (1,081)
Interest Income -- 7,781 7,781
Miscellaneous Revenues - 3 3
_______________ _______________ _______________
Total Revenues 241,516 248,219 6,703
--------------- --------------- ---------------
Expenditures:
Current:
Economic Environment:
Neighborhood Facilities (007) 38,303 37,222 1,081
Rehabilitation (051) 171,205 171,205
Administration (181) 33,822 33,753 69
--------------- --------------- ---------------
Total Economic Environment 243,330 242,180 1,150
--------------- --------------- ---------------
Total Expenditures 243,330 242,180 1,150
_______________ _______________ _______________
Excess of Revenues Over/
(Under) Expenditures (1,814) 6,039 7,853
--------------- --------------- ---------------
Other Financing Sources (Uses):
Transfers from Other Funds 1,814 1,814--------------- _______________ _______________
Total Other Financing
Sources/(Uses) 1,814 1,814
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses -- 7,853 7,853
Fund Balance, October 1, 1988 524,500 524,500
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S 524,500 $ 532,353 $ 7,853
--------------- --------------- ---------------
55
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES I - BUDGET AND ACTUAL
FINE AND FORFEITURE SPECIAL REVENUE FUND
FOR THE FISCAL SEPTEMBER 30, 1989
Variance
Favorabta
Budget Actuat (Unfavorable)
........ .....--..... .am.®... �ag
Revenues:
Taxes S 15,245,523 S 14,74 ,394 S (497,129)
Intergovernmntal Revenues 106,536 273,161 166,625
Charges for Services 102,000 133,667 31,667
Fires and Forfeitures 1,22 ,547 1,811,951 583,404
Interest Inc(mm 3801 ,000 538,109 158,109
MisceLtarreous Revenues 1,500 11,865 10,365
Total Revenues 17, ,106 17,517,147 453,041
--------------- oaeae=n__®=_,_e ---------------
Expenditures:
Current:
General Gover ,nt
Witness Fees 498,323 491,383 6,940
_______________ _______________ _______________
Tota! Genera[ Goverment 498,323 491,383 6,940
___________e___ _______________ _______________
Public Safety:
Sheriff's Other 891,088 888,668 2,420
Other taw Enforcement Officers 94,354 94,207 147
IFFA Funds 75,000 74, 95 5
Trust Fund Capital Equiptwnt 88,547 28,709 59,838
Totat P Nic Safety 1,14 ,989 1,0 6,579 62,410
Totat Expenditures 1,647,312 1,577,962 69,350
Excess of Revenues Over/
(Under) Expenditures 15,416,794 15,939,185 522,391
Other° Financing Sources (Uses):
Reserve for Contingencies (2,036) 2,036
Transfers frorrs Other Furls 94,600 94,600
Transfers to Other Funds (15,1 ,593) (15,120,650) 43,943
Total Other Financing
Sources/(Uses) (15,072,029) (15,026,050) 45,979
Excess of Revenues and Other..
Sources Over/(Under)
Expenditures and Other Uses 344,765 913,135 563,370
Fund Balance, October 1, 19883,824,276 3,824,276 ®m
Fund Balance, Septenicer 30, 1909 S 4,169,041 S 4,737,411 $ 568,370
56
ONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
ROAD AND BRIDGE SPECIAL REVENUE FUND
R THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes S 1,600,000 $ 1,630,904 $ 30,904
Intergovernmental Revenues 2,015,000 2,133,424 118,424
Interest Income 180,000 458,939 278,939
Miscellaneous Revenues -- 34,248 34,248
--------------- --------------- ---------------
Total Revenues 3,795,000 4,257,515 462,515
--------------- --------------- ---------------
Expenditures:
Current:
Transportation:
Road Department 1,351,538 1,148,647 202,891
Boot Key Bridge 106,172 91,971 14,201
County Engineer 238,002 206,997 31,005
Local Option Gas Tax:
Road Department, Operating 677,500 413,127 264,373
Street Lighting 225,000 182,304 42,696
Local Option Gas Tax Projects 2,991,000 636,214 2,354,786
80% Gas Tax 5th & 6th Cent Projects 1,700,000 583,985 1,116,015
--------------- --------------- ---------------
Total Expenditures 7,289,212 3,263,245 4,025,967
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (3,494,212) 994,270 4,488,482
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (108,038) 108,038
Transfers to Other Funds (14,000) (14,000) --
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (122,038) (14,000) 108,038
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (3,616,250) 980,270 4,596,520
Fund Balance, October 1, 1988 5,113,347 5,113,347 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ 1,497,097 $ 6,093,617 $ 4,596,520
57
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, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Fines and Forfeitures 17,900 $ 17,598 S (302)
Interest Income 600 349 (251)
Miscellaneous Revenues 20 20
--------------- --------------- ---------------
Total Revenues 18,500 17,967 (533)
--------------- --------------- _______________
Expenditures:
Current:
General Government:
Operations 38,575 27,487 11,088
--------------- --------------- ---------------
Total Expenditures 38,575 27,487 11,088
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (20,075) (9,520) 10,555
--------------- --------------- -___-_-________
Other Financing Sources (Uses):
Reserve for Contingencies (5,000) 5,000
--------------- --------------- _______________
Total Other Financing
Sources/(Uses) (5,000) 5,000
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (25,075) (9,520) 15,555
Fund Balance, October 1, 1988 10,514 10,514
--------------- --------------- _______________
Fund Balance, September 30, 1989 $ (14,561) $ 994 S 15,555
58
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT ONE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes S 2,065,502 S 2,623,953 $ 558,451
Interest Income -- 169,377 169,377
Miscellaneous Revenues - 2,690 2,690
--------------- --------------- ---------------
Total Revenues 2,065,502 2,796,020 730,518
--------------- --------------- ---------------
Expenditures:
Current:
Economic Environment:
Advertising and Proration 1,071,560 881,386 190,174
Events 518,140 480,428 37,712
Administrative Services 91,571 87,100 4,471
3rd Cent:
TDC Administrative Expense 19,622 6,519 13,103
Tourist Information Services 216,816 49,262 167,554
Bricks and Mortar 1,556,802 488,564 1,068,238
Special Events 46,988 38,000 8,988
Proration and Advertising 169,755 37,338 132,417
--------------- --------------- ---------------
Total Expenditures 3,691,254 2,068,597 1,622,657
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (1,625,752) 727,423 2,353,175
Fund Balance, October 1, 1988 1,634,675 1,634,675 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ 8,923 S 2,362,098 $ 2,353,175
59
MO OE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT TWO SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SE ER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ---------------
Revenues:
Taxes S 364,501 S 389,733 $ 25,232
Interest Income -- 17,260 17,260
Miscettaneous Revenues 687 687
--------------- --------------- ---------------
Total Revenues 364,501 407,680 43,179
--------------- --------------- ---------------
Expenditures:
Current:
Economic Environment:
Advertising and Promotion 252,140 185,072 67,068
Events 127,166 74,465 52,701
Administrative Services 16,160 12,443 3,717
3rd Cent-
TDC Administrative Expense 3,463 931 2,532
Tourist information Services 121,183 34,019 87,164
Special Events 46,622 34,714 11,908
Promotion and Advertising 46,450 4,000 42,450
--------------- --------------- ---------------
Total Expenditures 613,184 345,644 267,540
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (248,683) 62,036 310,719
Fund Balance, October 1, 1988 206,506 206,506 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ (42,177) $ 268,542 S 310,719
60
ISO OE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT THREE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes S 607,497 S 740,384 S 132,887
Interest Income -- 32,865 32,865
Miscellaneous Revenues -- 1,955 1,955
--------------- --------------- ---------------
Total Revenues 607,497 775,204 167,707
--------------- --------------- ---------------
Expenditures:
Current:
Economic Environment:
Advertising and Promotion 447,628 329,469 118,159
Events 173,640 162,408 11,232
Administrative Services 26,931 24,886 2,045
3rd Cent:
3rd Cent Program 11,220 -- 11,220
TDC Administrative Expense 5,771 2,076 3,695
Tourist Information Services 65,019 23,443 41,576
Bricks and Mortor 224,148 10,125 214,023
Special Events 43,346 10,224 33,122
Promotion and Advertising 59,600 -- 59,600
--------------- --------------- ---------------
Total Expenditures 1,057,303 562,631 494,672
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (449,806) 212,573 662,379
Fund Balance, October 1, 1988 319,835 319,835 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S (129,971) S 532,408 S 662,379
61
MONROE COUNTY, LIB
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TOURIST , DISTRICT FOUR SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTHIMER 3 , 1989
Variance
Favorable
Budget Act t (unfavorsbla)
_ ®_-.-__-_------
Revenues:
Taxes S 405,001 S 691,292 S 286,291
Interest Inc -- 31,573 31,573
Miscellaneous Revenues -- 1,024 1,024
--------------- --------------- ----------_----
Total Revenues 405,001 723,889 318,888
--------------- ----------------- ---------------
Expenditures:
Current:
Economic Environment:
Advertising and Promotion 341,732 289,035 52,697
Events 179,049 163,704 15,345
Administrative services 23,108 23,108 --
3rd Cent:
3rd Cent Program 4,989 -- 4,989
TDC Administrative Expense 3,848 1,730 2,118
Tourist Information Services 83,000 31,435 51,565
Bricks and Mortar 120,000 -- 120,000
Special Events 38,048 32,433 5,615
Promotion and Advertising 30,006 20,097 9,909
--------------- --------------- ---------------
Total Expenditures 823,780 561,542 262,238
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (418,T79) 162,347 581,126
Fund Balance, October 1, 1988 332,342 332,342 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ (86,437) S 494,689 S 581,126
62
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TOURIST DEVELOPMENT, DISTRICT FIVE SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
--------------- --------------- ---------------
Revenues:
Taxes S 607,500 $ 896,407 $ 288,907
Interest Income -- 60,915 60,915
Miscellaneous Revenues -- 2,207 2,207
--------------- --------------- ---------------
Total Revenues 607,500 959,529 352,029
--------------- --------------- ---------------
Expenditures:
Current:
Economic Environment:
Advertising and Promotion 467,939 349,645 118,294
Events 218,442 202,997 15,445
Administrative Services 30,218 30,218 --
3rd Cent:
3rd Cent Program 35,750 -- 35,750
TDC Administrative Expense 5,771 2,262 3,509
Tourist Information Services 153,191 69,327 83,864
Bricks and Mortor 102,127 -- 102,127
Special Events 102,127 50,324 51,803
Promotion and Advertising 76,571 15,957 60,614
--------------- --------------- ---------------
Total Expenditures 1,192,136 720,730 471,406
---------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (584,636) 238,799 823,435
Furl Balance® October 1, 1988 457,278 457,278 --
--------------- --------------- ---------------
Fund Balance® September 30, 1989 (127,358) S 696,077 S 823,435
63
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, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes S 2,763,896 $ 2,767,174 $ 3,278
Intergovernmental, Revenues -- 13,131 13,131
Charges for Services 463,755 399,428 (64,327)
Interest Income 186,153 186,153
Miscellaneous Revenues -- 3,737 3,737
--------------- --------------- -___-----------
Total Revenues 3,227,651 3,369,623 141,972
Expenditures:
Current:
General Government:
Commissions and Fees 120,895 120,720 175
--------------- --------------- ---------------
Total General Goverment 120,895 120,720 175
--------------- --------------- ---------------
Public Safety:
Fire Rescue, Dist-Lower & Middle Keys 1,696,805 1,240,212 456,593
Ambulance, Dist-Lower & Middle Keys 1,520,036 1,423,608 96,428
--------------- --------------- ---------------
Total Public Safety 3,216,841 2,663,820 553,021
--------------- --------------- ---------------
Debt Service:
Principal Retirement:
Fire Rescue, Dist-Lower & Middle Keys 52,250 52,250
Ambulance, Dist-Lower & Middle Keys 280,728 - 280,728
Interest and Fiscal Charges:
Fire Rescue, Dist-Lower & Middle Keys 20,378 20,378
Ambulance, Dist-Loeser & Middle Keys 20,566 20,566 -
Total Debt Service 373,922 20,566 353,356
--------------® --------------- ---------------
Total Expenditures 3,711,658 2,805,106 906,552
Excess of Revenues Over,/
(Under) Expenditures (484,007) 564,517 1,048,524
--------------- --------------- ---------------
(continued)
64
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
FIRE AND AMBULANCE DISTRICT 11 LOWER AND MIDDLE KEYS,
SPECIAL REVENUE FUND - CONTINUED
FOR THE FISCAL YEAR ENDED SE ER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (105,665) -- 105,665
Transfers from Other Funds 9,871 9,871 --
Transfers to Other Funds (353,341) (353,341) --
Capital Lease Acquisition -- -- --
Proceeds from Tax Anticipation Notes 209,000 -- (209,000)
Proceeds from Mortgage Loans -- -- --
Proceeds from Bonds -- -- --
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (240,135) (343,470) (103,335)
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (724,142) 221,047 945,189
Fund Balance, October 1, 1988 993,208 993,208 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ 269,066 S 1,214,255 Y 945,189
--------------- --------------- ---------------
--------------- --------------- ---------------
65
COUNTY,MONROE FLORIDA
REVENUES,STATEMENT OF EXPENDITURES
CHANGES I - BUDGET AND ACTUAL
FIRE AND AMBULANCE DISTRICT ; 5 - TAVERNIER SPECIALREVENUE
FISCALFOR THE aP , 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes 312,717 S 304,819 S (7,898)
Charges for services -- 3,903 3,903
Interest Income 35,711 35,711
Total Revenues 312,717 344,433 31,716
--------------- --------------- ---------------
Expenditures:
Current:
General Government:
Commissions and Fees 25,000 15,298 9,702
--------------- --------------- ---------------
Public Safety:
Tavernier Volteer 1l lance 17,538 87,477 40,061
Tavernier Volunteer Fare Dept. 234,339 85,443 148,896
--------------- ---------------- ---------------
Total Public Safety 361,877 172,920 188,957
--------------- --------------- ---------------
Total Expenditures 386,87 188,218 198,659
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (74,160) 156,215 230,375
--------------- --------------- -----------...-..-
Other Financing Sources (Uses):
Reserve for Contingencies (11,054) - 11,054
Transfers from Other Funds 3,442 3,442 --
Transfers to Other Funds (51,484) (51,484) -
--------------- --------------- ___------_-----
Total Other Financing
Sources/(Uses) (59,096) (48,042) 11,054
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (133,256) 108,173 241,429
Fund Balance, October 1, 1988 223,976 223,976 --
Fund Balance, September 30, 1989 S 90,720 $ 332,149 $ 241,429
66
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 SE ER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes S 645,158 S 640,786 S (4,372)
Intergovernmental Revenues -- 700 700
Charges for Services •- 8,162 8,162
Interest Income -- 43,720 43,720
Miscellaneous Revenues -- 520 520
--------------- --------------- ---------------
Total Revenues 645,158 693,888 48,730
--------------- --------------- ---------------
Expenditures:
Current:
General Government:
Commissions and Fees 29,923 28,066 1,857
--------------- --------------- ---------------
Public Safety:
Key Largo Volunteer Ambulance 132,117 102,116 30,001
Key Largo Volunteer Fire Dept. 582,868 457,209 125,659
--------------- --------------- ---------------
Total Public Safety 714,985 559,325 155,660
--------------- --------------- ---------------
Debt Service:
Key Largo Volunteer Fire Dept.:
Principal Payment (Referendum Equipment) 190,000 -- 190,000
Interest 18,525 -- 18,525
--------------- --------------- ---------------
Total Debt Service 208,525 -- 208,525
--------------- --------------- ---------------
Total Expenditures 953,433 587,391 366,042
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (308,275) 106,497 414,772
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (29,148) -- 29,148
Transfers from Other Funds 3,442 3,442 --
Transfers to Other Funds (83,744) (83,744) --
Proceeds from Tax Anticipation Notes 190,000 -- (190,000)
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) 80,550 (80,302) (160,852)
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (227,725) 26,195 253,920
Fund Balance, October 1, 1988 347,227 347,227 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S 119,502 S 373,422 S 253,920
--------------- --------------- ---------------
--------------- --------------- ---------------
67
MO OE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
TRANSLATOR SYSTEM SERVICE DISTRICT SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Revenues:
Taxes $ 124,586 $ 127,772 $ 3,186
Charges for Services -- 1,656 1,656
Interest Income 20,000 52,874 32,874
Miscellaneous Revenues -- 500 500
--------------- --------------- ---------------
Total Revenues 144,586 182,802 38,216
--------------- --------------- ---------------
Expenditures:
Current:
Culture and Recreation:
Translator 622,858 444,272 178,586
--------------- --------------- ---------------
Total Expenditures 622,858 444,272 178,586
--------------- -------- ------ ---------------
Excess of Revenues Over/
(Under) Expenditures (478,272) (261,470) 216,802
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (30,000) -- 30,000
Transfers to Other Funds (10,626) (10,626) -
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (40,626) (10,626) 30,000
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (518,898) (272,096) 246,802
Fund Balance, October 1, 1988 725,640 725,640 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 206,742 453,544 $ 246,802
68
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
SPECIAL ROAD DISTRICT— CROSS KEY WATERWAY ESTATES SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
--------------- --------------- ...............
Revenues:
Taxes S -• S 3,589 S 3,589
Interest Income 272 272
Miscellaneous Revenue 3,750 -- (3,750)
--------------- --------------- -------------_-
Total Revenues 3,750 3,861 ill
--------------- --------------- ---------------
Expenditures:
Current:
Transportation:
Street Lighting-Cross Key Estates 4,895 -- 4,895
Crosskey Waterways 905 760 145
--------------- --------------- ---------------
Total Expenditures 5,800 760 5,040
--------------- --------------- _--_-_----__--_
Excess of Revenues Over/
(Under) Expenditures (2,050) 3,101 5,151
--------------- --------------- -_-------------
Other Financing Sources (Uses):
Reserve for Contingencies (200) -- 200
--------------- --------------- ---------------
Total Other financing
Sources/(Uses) (200) -- 200
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (2,250) 3,101 5,351
Fund Balance, October 1, 1988 3,002 3,002
_______________ ------------- ---------------
Fund Balance, September 30, 1989 $ 752 S 6,103 S 5,351
69
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
BALANCECHANGES IN FUND
SPECIAL ROADI DRIVE
FISCALFOR THE 0, 1989
Variance
Favorable
Budget Actual (unfavorable)
............... ............... .——..........
Revenues
Interest Income 4,05 S 4,085
--------------- --------------- ---------------
Total Revenues -- 4,085 4,085
Expenditures:
Current:
'Transportation:
Venetian Drive 44,568 1,082 43,486
--------------- --------------- ---------------
Trtal Expenditures 44,568 1,082 43,486
--------------- --------------- ---------------
Excess of Revenues Over/
(under) Expenditures (44,568) 3,003 47,571
Furl Balance, October 1, 1988 44,658 44,65 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 90 47,661 S 47,571
70
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
MARINERS HOSPITAL DISTRICT SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... --------------- ...............
Revenues:
Taxes S -- S 1,918 $ 1,918
Interest Income -- 10,719 10,719
--------------- --------------- ---------------
Total Revenues -- 12,637 12,637
--------------- --------------- ---------------
Expenditures:
Current:
Human Services:
Mariners Hospital 182,560 161,919 20,641
--------------- --------------- ---------------
Total Expenditures 182,560 161,919 20,641
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (182,560) (149,282) 33,278
Fund Balance, October 1, 1988 182,709 182,709 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ 149 $ 33,427 $ 33,278
--------------- --------------- ---------------
--------------- --------------- ---------------
71
COUNTY,MONROE FLORIDA
REVENUES,STATEMENT OF EXPENDITURES
CHANGES IN FUND BAIANCE - BUDGET AND ACTUAL
UNINCORPORATED VIA DISTRICT - PLANNING, BUILDING AND
ZONING SPECIAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorebte
Budget Actual (Unfavorable)
Revenues:
Taxes 1,539,456 1,500,431 (39,025)
Licenses and Permits 1,003,142 1,914,686 911,544
Intergovernmental Revenues 432,244 221,240 (211,004)
Charges for Services -- 23,775 23,775
Fines and Forfeitures 45,000 8,258 (36,742)
Interest Income 171,346 263,945 92,599
Miscellaneous Revenues -- 5,580 5,580
Total Revenues 3,191,188 3,937,915 746,727
-------------a- --------------- ---------------
Expenditures:
Current:
General Gover nt:
Planning and Zoning 1,420,211 1,394,572 25,639
Nanning Conanssion 41,805 40,980 825
Environmental Resources 230,826 216,904 13,922
Land Use Plan Implementation:
Staff Devetopnent 61,155 55,044 6,111
Development 62,047 34,672 27,375
Legal Assistance 40,004 1E,125 21,879
Property Appraiser 50,000 50,000 --
Wearing Officer 13,656 12,938 718
Special Counsel 161,382 -- 161,32
DCA Grant 45,000 45,000 --
Planning/Building/Code Enforcement Fees 94,781 84,284 10,497
--------------- ----------- ®_-------------
Total General, Goverrynent 2,220,867 1,952,519 268,348
Public Safety:
Building Department 1,059,736 1,047,603 12,133
Code Enforcemnt 504,050 466,452 37,598
Fire Marshall 137,566 127,988 9,578
e--_..._-_----__- ------------------- -_-----------_-
Total Public Safety 1,701,352 1,642,043 59, 09
--------------- --------11-------- ___--__----._-_
Culture and Recreation:
Parks & Recreation 5,000 - 5,000
--------------- --------------- ---------------
Total CulturaE and Recreation 5,000 - 5,000
--------------- --------------- ---------------
Total Expenditures 3,927,219 3,594,562 332,657
--------------- --------------- ---------------
" ' Excess of Revenues Over/
(Under) Expenditures (736,031) 343,353 1,079,384
--------------- --------------- ---------------
(continued)
72
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, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...............
Other Financing Sources (Uses):
Reserve for Contingencies (29,966) -- 29,966
Transfers to Other Funds (324,526) (324,526) --
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (354,492) (324,526) 29,966
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (1,090,523) 18,827 1,109,350
Fund Balance, October 1, 1988 1,988,091 1,988,091 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S 897,568 S 2,006,918 S 1,109,350
--------------- --------------- ---------------
--------------- --------------- ---------------
73
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
UNINCORPORATED AREA SVIC ITICT - PARKS AND RECREATION
SPECIAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 3 , 18
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes S 355,101 S 346,331 S (8,770)
IntergoverrmentaL Revenues -- 1,585 1,585
Charges for Services 18,000 21,010 3,010
Interest Incoom 38,818 38,818
iscellaneous Revenues -A 14,505 14,505
Total Revenues 373,101 422,249 49,148
Expen itures-
Current
Cutture and Recreation:
SLmmwr School Recreation Program 55,000 55,000
Parks & Beaches Unincorporated 328,216 284,668 43,548
Pigeon Ivey 70,536 6 ,544 1,992
Total Expenditures 453,752 4.08,212 45,540
Excess of Revenues Over/
(Under) Expenditures (80,651) 14,037 94,688
--------------- -----=--------- ---------------
Other Financing Sources (Uses).
Reserve for Contingencies (29,093) -- 29,093
--------------- --------------- -----__-------_
Total Other Financing
Sources/(Uses) (29,093) -- 29,093
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Ex rditures and Other Uses (109,744) 14,037 123,781
Fund Batance, October 1, 1988 303,096 303,096 --
Fund BaLance, September 30, 1989 S 193,352 S 317,133 $ 123,781
74
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, 1989
Variance
Favorable
Budget Actual (Unfavorable)
............... ............... ...........----
Revenues:
Taxes S 897,369 S 872,263 S (25,106)
Charges for Services -- 11,237 11,237
Interest Income -- 54,061 54,061
--------------- --------------- ---------------
Total Revenues 897,369 937,561 40,192
--------------- --------------- ---------------
Expenditures:
Current:
General Government:
Commissions and Fees 31,801 24,745 7,056
--------------- --------------- ---------------
Human Services:
Transportation and Treatment 513,645 513,645 --
Pre-Transportation Hospital & Physical Care 105,206 -- 105,206
Upgrading Facilities & Staff Services 140,275 -- 140,275
--------------- --------------- ---------------
Total Human Services 759,126 513,645 245,481
--------------- --------------- ---------------
Total Expenditures 790,927 538,390 252,537
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures 106,442 399,171 292,729
--------------- --------------- ---------------
Other Financing Sources (Uses):
Transfers to Other Funds (61,574) (61,574) --
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (61,574) (61,574) --
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses 44,868 337,597 292,729
Fund Balance, October 1, 1988 -- -- --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S 44,868 S 337,597 S 292,729
--------------- --------------- ---------------
75
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE — BUDGET AND ACTUAL
COMPREHENSIVE PLAN LAND AUTHORITY SPECIAL REVENUE FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
--------------- ------- b .....
Revenues:
Intergovernmental Revenues 6,100,400 S 4,296,523 S (1,803,877)
Interest Income 20,000 129,504 109,504
---------- --------------- ---------------
Total Revenues 6,120,400 4,426,027 (1,694,373)
--------------- --------------- ---------------
Expends tures-
current
:
General Government:
Ackninistrative 282,698 194,082 88,616
Land Acquisition 5,763,847 2,194,852 3,568,995
--------------- --------------- _______________
Total Expenditures 6,046,545 2,388,934 3,657,611
--------------- --------------- ------------
Excess of Revenues Over/
(Under) Experditures - Budgetary Basis 73,855 2,037,093 1,963,238
Adjustment - To Report Expenditures for
Land as an Asset 5,763,847 2,194,852 (3,568,995)
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures, - GAAP Basis 5,837,702 4,231,945 (1,605,757)
Fund Balance, October 1, 1988 1,249,440 1,249,440
--------------- -------------=- ---------------
Fund Balance, September 30, 1989 7,087,142 S 5,481,385 S (1,605,757)
76
DEBT SERVICE FUNDS
10933 Refunding jLnpro�ement Bonds - To account for accufful ation of resources for and
paynent of interest and principal on the long-teryn debt incurred in the building of
the Marathon, Islamorada and Key Largo Libraries, improvaTents to Harry Harris Park,
and imp rovffmnts to the Key West Adninistration Building located on Stock Island.
1988 A & B Improvewnt Revenue Bonds - To account for accumulation of resources for
and paynent of interest and principal on the long-ten-n debt incurred in the building
of the Marathon and Plantation Key Jails and the Marathon Regional Service Center.
MONROE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL DEBT SERVICE FUNDS
SEPTEMBER 30, 1989
1983 1988 A & B
Refunding Improvement
Improvement Revenue
Bonds Bonds Total
.............. .............. ..............
ASSETS
Cash with Fiscal Agent S 6,801 S -- $ 6,801
Due from Other Funds -- 61,815 61,815
Restricted Assets:
Cash 50,553 6,934 57,487
Investments at Cost or
Amortized Cost 863,678 306,561 1,170,239
-------------- -------------- --------------
Total Assets S 921,032 $ 375,310 $ 1,296,342
-------------- -------------- --------------
-------------- -------------- --------------
LIABILITIES AND FUND EQUITY
Liabilities:
Matured Interest Payable $ 6,802 S -- S 6,802
-------------- -------------- --------------
Total Liabilities 6,802 -- 6,802
-------------- -------------- --------------
Fund Equity:
Fund Balances:
Unreserved 914,230 375,310 1,289,540
-------------- -------------- --------------
Total Fund Equity 914,230 375,310 1,289,540
-------------- -------------- --------------
Total Liabilities, Fund Equity S 921,032 S 375,310 S 1,296,342
-------------- -------------- --------------
-------------- -------------- --------------
77
MONROE COUNTY, FLORIDA
COMBININGSTATEMENT OF REVENUES, EXPENDITURES AND
CKMQES IN FUND BALANCE
ALL DEBT SERVICE
FISCALFOR THE YEAR ENDED SEPTEMBER 30, 1989
1983 1988 A & 0
Refunding Improvement
Improvement Revenue
Bonds Bonds Total
------------- ......,....... -------------
Revenuesa
Intergovernmental Revenues S 223,250 S 585,221 S 808,471
Interest Income 72,785 4,733 77,518
Miscellaneous Revenues 14,434 -- 14,434
------------- -------------- -------------
Total Revenues 310,469 589,954 900,423
------------- ------------- -------------
Expenditures®
Debt Service 210,059 214,644 424,703
------------- --- --------- -------------
Total Expenditures 210,059 214,644 424,703
------------- ------------- _----._----.-
Excess of Revenues Over/
(Under) Expenditures 100,410 375,310 475,720
Fund Balance, October 1, 1988 813,820 -- 813,820
------------- ------------- _------------
Find Balance, Septemixer 30, 1989 S 914,230 S 375,310 S 1,289,540
78
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
1983 Refunding Improvement Bonds
---------------------------------------------------
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Intergovernmental Revenues S 223,250 S 223,250 S --
Interest Income 50,000 72,785 22,785
Miscellaneous Revenues -- 14,434 14,434
--------------- --------------- ---------------
Total Revenues 273,250 310,469 37,219
--------------- --------------- ---------------
Expenditures:
Debt Service:
Principal Retirement - 1983 Series 30,000 30,000
Principal Retirement - 1988 Series A -- -- --
Principal Retirement - 1988 Series B -- --
Interest and Fiscal Charges - 1983 Series 181,000 180,059 941
Interest - 1988 Series A -- --
Interest - 1988 Series B -- -- --
Fiscal Charges - 1988 Series A & B -- -- --
--------------- --------------- ---------------
Total Expenditures 211,000 210,059 941
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures 62,250 100,410 38,160
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (857,957) -- 857,957
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) (857,957) -- 857,957
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (795,707) 100,410 896,117
Fund Balance, October 1, 1988 813,820 813,820 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 S 18,113 S 914,230 S 896,117
--------------- --------------- ---------------
--------------- --------------- ---------------
79
1988 A & B Improvewnt Revenue Bonds Total
.................................................... ...................................................
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget ActuaL (Unfavorable)
............... ............... ............... ............... ---- ---- ..........
S667,152 S 585,221 S (81,931) S 890,402 S 808,471 S (81,931)
-- 4,733 4,733 50,000 77,518 27,518
-- 14,434 14,434
7,152 589,954 (77,198) 940,402 900,423 (39,979)
----------------
-- -_ -- 30,000 30,000 --
9,629 ~a 9,629 9,629 -- 9,629
185,000 -- 185,000 185,000 -- 185,000
_- -- -- 181,000 180,059 941
356,126 171,392 184,734 356,126 171,392 184,734
115,813 42,668 73,145 115,813 42,668 73,145
584 584 -- 584 5 --
7,152 214,644 452,508 878,152 424,703 453,449
-- 375,310 375,310 62,250 475,720 413,470
--------------- ------ -------- --------------- --------------- --------------- _---_-__---_-_-
-- -- (857,957) -- 857,957
--------------- --------------- --------------- --------------- --------------- ---------------
(857,957) -- 857,957
-- 375,310 375,310 (795,707) 475,720 1,271,427
-- -- 813,820 813,820 --
--------------- --------------- --------------- ---- --- --------------- ---------------
S -- S 375,310 $ 375,310 S 18,113 $ 1,289,540 $ 1,271,427
80
CAPITAL PROJECT FUNDS
Comprehensive Improvements - To account for all major capital projects of Monroe
County.
Key West Animal Shelter - To account for improvements to the County's Key West Animal
Shelter.
MONROE COUNTY, FLORIDA
COMBINING,BALANCE SHEET
ALL CAPITAL PROJECT FUNDS
SEPTEMBER 30, 1989
Key West
Comprehensive Animal
Improvements Shelter Total
--------------- --------------- ---------------
ASSETS
Cash and Investments 357,080 S 4,906 $ 361,986
Accounts Receivable 489,588 489,588
Due from Other Funds 5,734 -- 5,734
Due from Other Governmental Units 31,496 31,496
Restrict Assets:
Investments at Cost or
Amortized Cost 7,107,371 -- 7,107,371
--------------- --------------- ---___-_--_---_
Total Assets S 7,991,269 S 4,906 S 7,996,175
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts Payable S 16,730 S -- S 16,730
Accrued lieges and Benefits Payable 720 -tl 720
Contracts Payable 15,536 15,536
Due to Other Funds 126,618 -- 126,618
Payable from Restrict Assets:
Accounts Payable 384,889 -- 9
Contracts Payable 126,162 -- 126,162
--------------- --------------- -----_--_-_----
Total Liabilities 670,655 -- 670,655
--------------- --------------- ---------------
Fund Equity:
Fund Balances:
Reserved for Construction Trust Purposes 6,596,320 -- 6,596,320
Unreserved 724,294 4,906 729,200
--------------- --------------- -_-_-__--_-__--
Total Fund Equity 7,320,614 4,906 7,325,520
--------------- --------------- _-_____----_---
Total Liabilities and Fund Equity $ 7,991,269 $ 4,906 $ 7,996,175
81
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL CAPITAL PROJECTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Key West
Comprehensive Animal
Improvements Shelter Total
............... ...... .... ..........
Revenues:
Intergovernmental Revenues 31,496 S S 31,496
Interest Income 437,030 284 437,314
Miscellaneous Revenues 118,020 118,020
----------- --------------- ---_--_-__-__-_
Total Revenues 586,546 2a4 586,830
------------- ---------I----- ---------------
Expenditures:
Capital Outlay:
General Goverment 7a6,780 786,780
Public Safety 642,468 642,468
Physical Environment 3,000 3,000
Human Services 2,935 2,935
Culture and Recreation 474,389 474,389
------------ -- --------------- ---------------
Total Expenditures 1,909,572 1,909,572
-------------I-- --------------- ---------------
Excess of Revenues Over/
(Order) Expenditures (1,323,026) 284 (1,322,742)
--------------- --------------- -----__-_------
Other Financing Sources (Uses):
Transfers from Other Funds 187,400 187,400
Transfers to Other Funds (118,193) (118,193)
Proceeds from Bonds 7,060,770 7,060,770
--------------- ------------ ---------------
Total Other Financing
Sources/(Uses) 7,129,977 7,129,977
--------------- --------------- __-__--__-___-_
Excess of Revenues and other
Sources Over/(Under)
Expenditures & Other Uses 5,806,951 284 5,807,235
Fund Balance, October 1, 1988 1,513,663 4,622 1,518,285
--------------- --------------- _-__-_-_----_--
Fu Balance, September 30, 1989 S 7,320,614 $ 4,906 S 7,325,520
82
MONROE COUNTY, FLORIDA
COMBINING ST OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCEACTUAL
ALL CAPITAL PROJECT 8
FOR THE FISCAL YEAR ENDED SEPTEMBER 3O, 1989
Capital Projects,
Comprehensive Improvements
...................................................
Variance
FavorabEe
Budget Actual (Unfavorable)
...®........... ............... ...............
Revenues:
Intergovernmental Revenues S 152,746 S 31,496 S (121,250)
Charges for Services 75,000 -- (75,000)
Interest Income 437,030 437,030
Miscellaneous Revenues 127,151 118,020 (9,131)
Total Revenues 354,897 586,546 231,649
Ex rditures:
Capital Outlay.
General Goverment:
Purchase of Temporary Courtroom 83,990 78,174 5,816
Courthouse Restrooms 30,000 25,671 4,329
Courthouse and Annex 96,538 -- 96,538
Marathon Courthouse Perking Lot 17,000 41035 12,965
Clerk's Space & Courtroom 265,372 253,303 12,069
Clerk's Fire Proof Storage 370,000 -- 370,000
1988 Bond Issue Projects:
Contractual Services-PFM 8,122 8,122 -
Contractual Services-Fla Nat'l Bank 750 750
Tax Collector Licensing Center 297,000 297,000
Truman School Structural Analysis 55,700 55,700 Truman School Asbestos Analysis 8,500 8,500 --
Clerk's Fireproof Storage-Construction 300,000 -- 300,000
PK State Attorney/Clerk Construction 173,651 2,927 170,724
PK State Attorney/Clerk AE 887 887
Marathon Civic/Govlt/EOC Center 2,000,000 -- 2,000,000
P.K.-State Attorney & Clerk's Office 5,613 2,686 2,927
P.K. Waste Treatment Plant 409 409 Stock Island/Wing Istand/Wing III Office 49,503 49,503 --
Jackson S . Phase H-Southard St. Property 488 488
Public Safety:
Key West Jail 3rd Floor 28,910 28,556 354
Renovations Stock Islam Facility 58,000 24,341 33,659
Sheriff Substation Cjoe Key 222,987 222,526 461
1988 Bond Issue Projects:
New Jail Facility 1,740,100 -- 1,740,100
Plantation Key Temp. Jail Facility 628,700 242,650 386,050
AKE New Jail Facility 130,000 124,395 5,605
PBSJ Topo Survey 1,200 - 1,200
Physical Environment:
White Street Pier 3,000 3,000 --
83
Capital Projects,
Key West Animal Shelter Totat
----.----- - - -------T---- --- -------------- ------------------ --------------------------------
Variance Variance
Favorable Favorable
Budget Actual (Unfavorabte) Bud®at Actual (Unfavorable)
$ $ -- S -- S 152,746 $ 31,496 S (121,250)
-- -- -- 75,000 -- (75,000)
-- 284 284 -- 437,314 437,314
-- -- -- 127,151 118,020 (9,131)
----------- -- ----- -. ------ •--- --- -- ---- ------ ------ ---- --------
284 284 354,897 586,830 231,933
,, ----------- ------- ---- ---------- ------------- -- ---------- ---------------
-- -- -- 83,990 78,174 5,816
30,000 25,671 4,329
-7 -- 96,538 -- 96,538
-- -- 17,000 4,035 12,965
-- -- 265,372 253,303 12,069
-� 370,000 -- 370,000
- - -- 8,122 8,122 --
_ 750 750 --
_ 297,000 297,000 --
_ 55,700 55,700 --
®- -- -- 8,500 8,500 --
-- -� -- 300,000 -- 300,000
173,651 2,927 170,724
-- 887 -- 887
-- -- -- 2,000,000 -- 2,000,000
-- -- 5,613 2,686 2,927
-- -- - 409 409 --
-- -• -- 49,503 49,503 --
-- -- - 488 -- 488
-- -- 28,910 28,556 354
__ -- 58,000 24,341 33,659
222,987 222,526 461
-- -- -- 1,740,100 -- 1,740,100
-- -- -- 628,700 242,650 386,050
-- -- -- 130,000 124,395 5,605
1,200 -- 1,200
3,000 3,000 --
(continued)
84
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
ALL CAPITAL PROJECT FUNDS - CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Capital Projects,
Comprehensive improvements
---------------------------------------------------
Variance
Favorable
Budget Actual (Unfavorable)
--------------- ............... ...............
Capital Outlay:
Transportation:
State Grant, West Martello Parking Study 2,500 -- 2,500
1988 Bond Issue Projects:
Key West Airport Improvements 380,000 -- 380,000
Marathon Airport Terminal (County Match) 228,807 -- 228,807
Hunan Services:
Big Pine Key Animal Shelter, FRS 139,226 2,935 136,291
Key West Animal Shelter -- -- --
Culture and Recreation:
Higgs Beach 384,525 378,990 5,535
Harry Harris Park 25,963 3,868 22,095
Beach Access Appraisal 3,000 3,000 --
Other Parks & Recreation Improvements 40,000 -- 40,000
Library Project/1981 Bond Sources 11,204 -- 11,204
Donations - K.L. Library 38,500 24,251 14,249
Big Pine Key Recreation Center 244,280 64,280 180,000
Key Largo Library Construction 770,392 -- 770,392
--------------- --------------- ---------------
Total Expenditures 8,844,817 1,909,572 6,935,245
--------------- --------------- ---------------
Excess of Revenues Over/
(Under) Expenditures (8,489,920) (1,323,026) 7,166,894
--------------- --------------- ---------------
Other Financing Sources (Uses):
Reserve for Contingencies (265,768) -- 265,768
Transfers from Other Funds 187,400 187,400 --
Transfers to Other Funds (118,193) (118,193) --
Proceeds from Bonds 7,091,567 7,060,770 (30,797)
--------------- --------------- ---------------
Total Other Financing
Sources/(Uses) 6,895,006 7,129,977 234,971
--------------- --------------- ---------------
Excess of Revenues and Other
Sources Over/(Under)
Expenditures and Other Uses (1,594,914) 5,806,951 7,401,865
Fund Balance, October 1, 1988 1,513,663 1,513,663 --
--------------- --------------- ---------------
Fund Balance, September 30, 1989 $ (81,251) S 7,320,614 $ 7,401,865
--------------- --------------- ---------------
85
Citt projects,
Key West Animat Shetter Tot at
Variance Variance
Favoralcke Fevorebte
Budget Actual (Unfavorable) Budget Actual (Unfvorbte)
............... .............. ............... ............... ............... ...............
-- -- -- 2,500 -- 2,500
.- -- 380,000 380,000
-- -- -- 22 , 07 -- 228,807
139,226 2,935 16,291
4,622 -- 4,622 4,622 -- 4,622
-- - -- 34,525 37 , 0 5,535
-- -- 25,963 3,868 22,095
3,000 3,000
-- - - 40,000 -- 40,000
11,204 _- 11,204
-- -- -- 3 ,500 24,251 14,249
_. -. 244,20 64,20 10,000
-- 770, 2 -- 770,392
4,622 -- 4,622 8,849,439 1,909,572 6,939,867
_«-_---------- ------------------------------ ----------I---- I-------------• --------------- ---------------
(4,622) 264 4,906 (8,494,542) (1,322,742) 7,171,600
-- - -- (265,7 ) -- 265,768
17,400 187,400 --
-- - -- (118,193) (11 ,193) --
-- - 7,091,567 7,060,770 (30,797)
-- _- -- 6,895,006 7,129,977 234,971
(4,622) 284 4,906 (1,5 ,536) 5,807,235 7,406,771
4,622 4,622 1,518,285 1,518,285 --
- 4,906 S 4,906 S (81,251) 7,325,520 S 7,406,771
86
FT17-RPRISE FUNDS
Municipal Service District, Waste - To account for the operations of the County's
Solid Waste Services,
Card Sound Bride - To account for t operations of the County's Card Sound 'Toll
Bridge,
MO OE COUNTY, FLORIDA
COMBINING BALANCE SHEET
ALL ENTERPRISE S
SEPTEMBER 30, 1989
Municipai Svc Card
District Sound
Waste Bridge Total
............... ............... ...............
ASSETS
Current Assets:
Cash and Investments $ 4,586,814 $ 1,711,001 $ 6,297,815
Cash with Fiscal Agent -- 13,427 13,427
Accounts Receivable:
Delinquent Waste Collection Fees 1,537,677 -- 1,537,677
Allowance for Uncollectible
Waste Collection Fees (884,313) -- (884,313)
Other 129,937 -- 129,937
Allowance for Other Uncollectible (59,155) -- (59,155)
Due from Other Funds -- 7,382 7,382
Due from Other Governmental Units 327,806 -- 327,806
--------------- --------------- ---------------
Total Current Assets 5,638,766 1,731,810 7,370,576
--------------- --------------- ---------------
Restricted Assets:
Cash 2,501,490 - 2,501,490
Investments at Cost or
Amortized Cost 1,136,723 1,136,723
--------------- --------------- ---------------
Total Restricted Assets 3,638,213 3,638,213
Property, Plant and Equipment
(Net of Accumulated Depreciation) 6,698,050 1,550,835 8,248,885
--------------- --------------- ---------------
Other Assets:
Deferred Charges 346,813 -- 346,813
--------------- --------------- ---------------
Total Assets $ 16,321,842 $ 3,282,645 $ 19,604,487
87
MONROE COUNTY, ID
COMBINING BALANCE SHEET
ALL ENTERPRISE FUNDS - CONTINUED
SEPT EMBER 30, 1989
Municipal Svc Card
District Sound
Waste Bridge Total
............... ............... ---------------
LIABILITIES AND FUND EQUITY
Currant Liabilities:
Accounts Payable S 451,417 $ 110,217 S 561,634
Accrued Wages and Benefits Payable 143,615 12,184 155,799
Claire and Judgements Payable 380,487 380,487
Contracts Payabte 29,950 -- 29,950
Due to Other Funds 164,252 3,371 167,623
Matured Bonds Payable -- 10,000 10,000
Matured Interest Payable -- 306 306
Matured Premium Payable 3,121 3,121
Deposits in Escrow 20,023 - 20,023
Deferred Revenues 60,303 -- 60,303
Capital Leases Payable - Current 99,293 -- 99,293
--------------- --------------- ---------------
Total Current Liabilities 1,349,340 139,199 1,4 ,539
--------------- --------------- ---------------
Current Liabilities Payable from Restrict Assets®
Contracts Payable 61,052 -- 61,052
Accrued Interest Payabte 290,309 -- 290,309
Revenue Bonds Payable - Current 315,000 - 315,000
------------ --------------- ---------------
Total Current Liabilities Payable from
Restricted Assets 666,361 666,361
--------------- --------------- ---------------
Long-Term Liabilities:
Accrued Compensated Absences 99,763 6,216 105,979
Capital Leases Payable 71,480 - 71,480
Revenue Bons Payable 8,447,347 - 8,447,347
--------------- --------------- -----------®_--
Total Long-Term Liabilities 8,618,590 6,216 8,624,806
Total Liabilities 10,634,291 145,415 10,779,706
--------------- --------------- ---------------
Fu Equity:
Contributed Capital 2,805,649 2,761 2,808,410
--------------- --------------- ---------------
Retai Earnings:
Reserved for Revenue Bon Retirement 3,2 ,852 -m 3,286,852
Unreserved (404,950) 3,134,469 2,729,519
--------------- ----------------- ---------------
Total Retained Earnings 2,881,902 3,134,469 6,016,371
--------------- --------------- ---------------
Total Fun Equity 5,687,551 3,137,230 8,824,781
--------------- --------------- ---------------
Total Liabilities an Fun Equity S 16,321,842 S 3,282,645 $ 19,604,487
88
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Municipal. Svc Card
District Sound
Waste Bridge Total
............. ............. .............
Operating Revenues:
Tolls S -- $ 850,912 S 850,912
Charges for Services 7,966,417 -- 7,966,417
Franchise Fees 837,203 -- 837,203
Miscellaneous Revenues 22,695 2,356 25,051
--------------- --------------- ---------------
Total. Operating Revenues 8,826,315 853,268 9,679,583
--------------- --------------- ---------------
Operating Expenses:
Personal Services 2,584,464 226,736 2,811,200
Professional Services 3,053,775 121,675 3,175,450
Utility Services 116,537 6,117 122,654
Insurance 157,417 45,232 202,649
Repairs and Maintenance 395,801 17,217 413,018
Operating Supplies 246,781 3,849 250,630
Other Operating Expenses 215,766 14,693 230,459
Depreciation 914,621 52,939 967,560
--------------- --------------- ---------------
Total Operating Expenses 7,685,162 488,458 8,173,620
--------------- --------------- ---------------
Operating Income (loss) 1,141,153 364,810 1,505,963
--------------- --------------- ---------------
Non-Operating Revenues (Expenses):
Taxes 5,023 -- 5,023
Operating Grants 88,712 -- 88,712
Interest Income 651,797 123,112 7714,909
Interest Expenses and Fiscal Charges (780,690) -- (780,690)
--------------- --------------- ---------------
Total Non-Operating Revenues (Expenses) (35,158) 123,112 87,954
--------------- --------------- ---------------
Income (Loss) Before Operating Transfers 1,105,995 487,922 1,593,917
--------------- --------------- ---------------
Operating Transfers:
Transfers to Other Funds (28,500) (3,000) (31,500)
--------------- --------------- ---------------
Total. Operating Transfers (28,500) (3,000) (31,500)
--------------- --------------- ---------------
Net Income (Loss) 1,077,495 484,922 1,562,417
Retained Earnings October 1, 1988 4,610,056 2,652,308 7,262,364
--------------- --------------- ---------------
Retained Earnings - September 30, 1989 $ 5,687,551 $ 3,137,230 $ 8,824,781
89
MONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL ENTERPRISE S
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Municipst Svc Card
District Sound
waste Bridge Total
.............. ............... ...............
Sources of Working Capital:
operations:
Net I (Loss) $ 1,077,495 S 484,922 $ 1,562,417
Items Not Requiring (Providing) 0orking Capital:
Loss on Disposal of Assets 2,289 -® 2,289
Depreciation and Depletion 912,333 52,939 965,272
Amortization of Deferred Charges 26,552 -- 26,552
Amortization of Capital Appreciation
on 1985 Refunding Improvement Bonds 167,180 167,180
Increase (Decrease) in Accrued Compensated Absences 15,286 517 15,803
--------------- --------------- ---------------
orking Capital Provided (Used) by operations 2,201,135 538,378 2,739,513
Increase in Capital Leases 234,620 - 234,620
Net Decrease in Restricted Assets 922,024 -- 922,024
--------------- ---------------- ------___-___--
Total Sources (Uses) of Working Capital 3,357,779 53 ,378 3,896,157
---------»----- --------------- ---------------
Uses of Working Capital:
Additions to Property, Plant and Equipment 7,544 134,219 1,131,763
Net Decrease in Current Liabilities
Payable from Restricted Assets 3,961 -- 3,961
Retirement of Capital Leases 163,140 -- 163,140
Decrease in Due to Customers 380,487 -- 380,487
Retirement of Long-Term Debt and Portions
Becoming Current 315,000 -- 315,000
--------------- --------------- ---------------
Total Uses of Working Capital 11860,132 134,219 1,994,351
--------------- --------------- -..-----------_-
Net Increase/(Decrease) in Working Capital $ 1,497,647 $ 404,159 $ 1,901,806
Components of Net Increase (Decrease)
in Dorking Capital:
Cash & Investments $ 1,736,557 $ 489,808 S 2,226,365
Accounts Receivable 37,728 -- 37,728
Due from Other Funds 7,382 7,382
Due from Other Government 141,385 (3,431) 137,954
Accounts Payable (212,192) (109,183) (321,375)
Accrued Wages Payable (33,631) (915) (34,546)
Accrued Payroll Taxes and Retirement Payable (8,204) (7 ) (8,992)
Ctaims & Judgments Payable 190,243 -- 190,243
Due to Customers (380,487) -- ( 80,487)
Contracts Payable 86,164 23,055 109,219
Due to Other Funds 119,359 (1,83 ) 117,526
Capital Leases Payable (99,293) -- (99,293)
Other Current Liabilities (79,982) 64 (79,918)
--------------- --------------- ---------------
Net Increase/(Decrease) in Working Capital S 1,497,647 $ 404,159 S 1,901,806
90
MO OE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES -- BUDGET AND ACTUAL
MUNICIPAL SERVICES DISTRICT - WASTE
FOR THE YEAR ENDED SEPT EMBER 3 , 1989
Variance
Favorable
Budget Actual (Unfavorable)
.............. .............. ................
Operating Expenditures:
Administration S 1,922,148 S 1,912,347 S 9,801
Hazardous Waste 90,210 77,119 13,091
Franchise Operators 2,381,640 2,381,592 48
Plant Operations 224,136 213,682 10,454
Cudjoe Key Volume Reduction Plant 625,232 566,689 58,543
MSD-Cudjoe Key Landfill 138,718 65,922 72,796
Long Key Volute Reduction Plant 804,424 722,595 81,829
MSD-Long Key Landfill 220,950 179,959 40,991
Key Largo Volume Reduction Plant 680,242 651,253 28,989
MSD-Key Largo Landfill 77,918 62,112 15,806
Pollution Control 779,098 764,014 15,084
MSD-Recycling 48,084 46,301 1,783
MSD-Used Oil Recycling Grant 25,000 - 25,000
DER Recycling Grant 32,072 4,917 27,155
State Tire Recycling Grant 3,770 3,770 --
Renewal and Replacement 32,890 32,890
-------------- -------------- ----------------
Total Operating Expenditures 8,086,532 7,685,162 401,370
-------------- -------------- ----------------
Non-Operating Expenditures:
Bond Debt Service:
Principal Retirement 369,148 363,847 5,301
Interest Expenses and Fiscal Charges 782,610 780,690 1,920
-------------- -------------- ----------------
Total Bond Debt Service 1,151,758 1,144,537 7,221
-------------- -------------- ----------------
Capital Outlay:
Buildings 2,500 -- 2,500
Equipment 503,062 420,232 82,830
Plant Equipment Renewal and Replacement 567,110 483,056 84,054
Cudjoe Key Landfill Expansion 100,000 93,606 6,394
-------------- -------------- ----------------
Total Capital Outlay 1,172,672 996,894 175,778
-------------- -------------- ----------------
Total Non-Operating Expenditures 2,324,430 2,141,431 182,999
-------------- -------------- ----------------
Operating Transfers and Reserves:
Transfers to Other Funds 28,500 28,500 --
Reserve for Contingencies 2,894,479 -- 2,894,479
-------------- -------------- ----------------
Total Operating Transfers and Reserves 2,922,979 28,500 2,894,479
-------------- -------------- ----------------
Total Expenditures $ 13,333,941 S 9,855,093 S 3,478,848
91
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
CARD SOUND BRIDGE
FOR THE YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Card Sound Road 8 Toll Bridge S 490,888 $ 488,458 S 2,430
-------------- -------------- ---------------
Total Operating Expenditures 490,888 488,458 2,430
-------------- -------------- ---------------
Non-Operating Expenditures:
Capital Outlay:
Buildings 7,340 6,383 957
Improvements Other Than Buildings 212,301 101,614 110,687
Equipment 26,610 26,222 388
-------------- -------------- ---------------
Total Non-Operating Expenditures 246,251 134,219 112,032
-------------- -------------- ---------------
Operating Transfers and Reserves:
Transfers to Other Funds 3,000 3,000 --
Reserve for Contingencies 1,061,155 -- 1,061,155
-------------- -------------- ---------------
Total Operating Transfers and Reserves 1,064,155 3,000 1,061,155
-------------- -------------- ---------------
Total Expenditures S 1,801,294 $ 625,677 S 1,175,617
92
MONROE.COUNTY, FLORIDA
MUNICIPALSERVICE DISTRICT
REVENUE BOND ISSUES — DESCRIPTION
SEPTEMBER 30, 1989
Refunding Improvement Bonds
Totals Series 195
---------. --------------------------------------------------
Current Capital
Interest Appreciation
Bonds Bonds
........................ ........................
Original authorization $10,000,000 $8,498,226 $1,501,774
Unissued 788,226 788,226 --
------------- ------------------------ ----------------------
Issued 9,211,774 7,710,000 1,501,774'
Capital appreciation
through Sept 30, 1989 560,573 -- 560,573
Retirements through
September 30, 1989 1,010,000 1,010,000 --
------ ------------------------
Balance outstanding
September 30, 1989 58,762,347 56,700,000 52,062,347
Date of issue December 30, 1985 December 30, 1985
Maturity range 1986-2011 1986-2011
Principal payment date October 1 October 1
Interest payment dates April-October April-October
Denominations 5,000 5,000
Interest rates 5.25% Maturities-1986 8.00% Maturities-1993
5.75% Maturities-1987 8.20% Maturities-1994
6.25% Maturities-1988 8.40% Maturities-1995
6.75% Maturities-1989 8.60% Maturities-1996
7.00% Maturities-1990 8.80% Maturities-1997
7.20% Maturities-1991 8.90% Maturities-1998
7.40% Maturities-1992 9.00% Maturities-1999
9.00% Maturities-2005 9.10% Maturities-2000
9.10% Maturities-2011 9.20% Maturities-2001
Average interest cost rate 8.31% N/A N/A
Call feature 1993-1994 102 1995-1996 105
1994-1995 101.5 1996-1997 104
1995-1996 101 1997-1998 103
1996-1997 100.5 1998-1999 102
1997-Maturity 100 1 -2000 101
2000-Maturity 100
Paying agent Barnett Banks Trust Co., N.A.
Jacksonville, Florida
93
FLORIDAMONROE COUNTY,
MUNICIPAL SERVICE DISTRICTWASTE
SCHEDULE OF DEBT SERVICE REQUIREMENTS
SEPTEMBER 30, 1989
$9,211,774
Refunding Improvement - Series 195
Year -----------------------------------®_-------.--
E i OrfgfnaL Cepitt
Sept® 30 PrincipaL Appreciation Interest
19 -- $212,681
1987 $430,000 626,755
1988 20,000 -- 607,41
199 300,000 -- 589,993
1990 315,000 ®- 569,986
1991 335,000 -- 547,630
1992 355,000 -- 523,125
1993 35,000 -- 496,100
1994 225,909 $189,091 481,855
1995 205,379 209,621 41, 55
1996 186,003 228,997 41,055
1997 167,814 247,186 481,855
1998 150,828 264,172 401, 55
1999 136,701 278,299 481,855
2000 125,152 294,848 41, 55
2001 111,652 303,348 41, 55
2002 101,833 318,167 481,855
2003 90,503 324,497 481,855
2004 415,000 -- 463,180
2005 450,000 -- 424,255
2006 490,000 381,955
2007 530,000 -- 335,790
2008 575,000 - 285,513
2009 625,000 - 20,913
2010 080,000 - 171,535
2011 740,000 -- 106,925
2012 805,000 - 36,625
--------------- --------------- ---------------
$9,211,774 $2,658,226 $11,428,932
94
INTERNAL SERVICE FUNDS
Workmen's on - To account for dertmental and agency revenues used for the
�sat�i pa
purpose of financing Monroe County's Workmen's Compensation Program.
Grow E Insurance - To account for departmental and agency revenues used for the purpose
of fira—nc—ingftroe County's Group Insurance Program.
Risk Ma
�na=Mt - To account for Monroe County's safety and loss control program, risk
manageTent administration and uninsured losses.
MONROE COUNTY, FLORIDA
COMBINING C EE
ALL INTERNAL SERVICE
SEPTEMBER 30, 18
Workmen's Group Risk
Compensation Insurance Management
Fund Fund Fund Total
.............. .............. .............. ..............
ASSETS
Current Assets:
Cash and Investments $ 504,102 S 603,112 S 601,107 $ 1,708,321
Accounts Receivable:
Other -- 242,273 -- 242,273
Due from Other Funds 163,200 204,647 5,274 373,121
Due from Other Governmental Units -- 381 -- 381
-------------- -------------- -------------- ----_---------
Total Current Assets 667,302 1,050,413 606,381 2,324,096
-------------- -------------- -------------- --------------
Property, Plant and Equipment
(Net of Accumulated Depreciation) 14,298 1,910 9,440 25,648
-------------- -------------- -------------- ---_-_---.--.-
Total Assets S 681,600 $ 1,052,323 S 615,821 S 2,349,744
LIABILITIES AND FUND EOUITT
Current Liabilities:
Accounts Payable 29,158 S 57,667 $ 8,547 $ 95,372
Accrued Wages and Benefits Payable 5,980 4,253 3,866 14,099
Claims and Judgements Payable 545,866 598,051 284,000 1,427,917
Due to Other Funds 6,601 9,892 985 17,478
Due to Other Governments 36 -- -- 36
Other Current liabilities 3,743 -- 3,743
-------------- -------------- ------------- --------------
Total Current Liabilities 587,641 673,606 297,398 1,558,645
-------------- -------------- ------ ---- -_-_--__---__..
Long-Ter€n Liabilities:
Accrued Compensated Absences 4,363 2,977 2,552 9,892
-------------- -------------- ------------- -----_-_-__..--
Total Liabilities 592,004 676,583 299,950 1,5 ,537
------------- -------------- -------------- --------------
Fund Equity:
Retained Earnings:
Unreserved 89,596 375,740 315,871 781,207
-------------- -------------- -------------- ..®------------
Total FurW Equity 89,596 375,740 315,871 781,207
-------------- -------------- -------------- -------_------
Total Liabilities and Fund Equity $ 681,600 S 1,052,323 $ 615,821 S 2,349,744
95
COUNTY,MOMROE FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
ALL INTERNAL SERVICE FUMS
FOR THE FISCAL YEAR ENDED SEPTEMBER 3 , 199
Norla n's Group Risk
CoiTpensation Insurance Management
Fund Fund Fund Tatat
Operating Revenues:
Charges for Services $ 727,252 S 3,336,251 S 814,593 $ 4,878,096
Miscettaneous Revenues -- 156 15,430 15,586
-------------- -------------- -------------- -_------------
Totat Operating Revenues 727,252 3,3 ,407 830,023 4,893,682
-------------- -------------- -------------- --------------
Operating Expenses:
PersonaL Services 103,497 75,725 72,216 251,438
Professionat Services 123,164 94,317 32,880 250,361
Insurance 132,254 586,049 438,275 1,156,578
Repairs and Maintenance 2,628 147 5,605 8,380
Operating Su ties 13,399 208 4,072 17,679
Other Operating Expenses 16,762 7,253 8,192 32,207
Depreciation 5,576 468 1, 53 7,397
Asserted and Paid Ckaims 482,643 2,609,493 178,018 3,270,154
-------------- -------------- -------------- --------------
Totat Operating Expenses 879,923 3,373,660 740,611 4,994,194
-------------- -------------- -------------- --------------
Operating Inc (Less) (152,671) (37,253) 89,412 (100,512)
N -Operating Revenues (Expenses):
Interest Income 42,265 42,569 52,128 136,962
-------------- -------------- -------------- --------------
Totat Non-Operating Revenues (Expenses) 42,265 42,569 52,128 136,962
-------------- -------------- -------------• --------------
Net I (Lass) (110,406) 5,316 141,540 36,450
Retained Earnings - October 1, 1988 200,002 370,424 174,331 744,757
-------------- -------------- -------------- --------------
Retain Earnings - September 3 , 1989 S 89,596 375,740 S 315,871 S 781,207
96
ONROE COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPT ER 30, 1989
Workmen's Group Risk
Compensation Insurance Management
Fund Fund Fund Total
.............. .............. .............. ..............
Sources of Working Capital:
Operations:
Net Income (Loss) S (110,406)S 5,316 $ 141,540 I 36,450
Items Not Requiring (Providing)
Working Capital:
Loss on Disposal of Assets 427 519 -- 946
Depreciation and Depletion 5,576 507 1,352 7,435
Increase (Decrease) in Accrued
Compensated Absences 2,129 1,183 1,139 4,451
-------------- -------------- -------------- --------------
Working Capital Provided (Used)
by Operations (102,274) 7,525 144,031 49,282
-------------- -------------- -------------- --------------
Uses of Working Capital:
Additions to Property, Plant and Equipment 7,172 -- 10,400 17,572
-------------- -------------- -------------- --------------
Total Uses of Working Capital 7,172 -- 10,400 17,572
-------------- -------------- -------------- --------------
Net Increase/(Decrease)
in Working Capital $ (109,446)S 7,525 S 133,631 $ 31,710
Components of Net Increase (Decrease)
in Working Capital:
Cash & Investments $ (245,229)$ (140,511)S 311,338 $ (74,402)
Accounts Receivable -- 106,530 -- 106,530
Due from Other Funds 163,200 204,647 (36,265) 331,582
Due from Other Government -- 381 -- 381
Accounts Payable 17 (58,817) (4,701) (63,501)
Accrued Wages Payable (786) 206 (1,457) (2,037)
Accrued Payroll Taxes and Retirement Payable (288) 341 (547) (494)
Claims & Judgments Payable (19,819) (95,032) (134,000) (248,851)
Contracts Payable -- -- 248 248
Due to Other Funds (6,573) (9,864) (985) (17,422)
Due to Other Goverment (36) -- -- (36)
Other Current Liabilities 68 (356) -- (288)
-------------- -------------- -------------- --------------
Net Increase/(Decrease) in Working Capital $ (109,446)S 7,525 $ 133,631 S 31,710
97
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
WORKMEN'S COMPENSATION FUND
FOR THE YEAR ENDED SEPT EMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable,)
.............. .............. ..............
Operating Expenditures:
Administrative Expenses S 90,838 S 87,138 S 3,700
operations and Claims 801,100 734,604 66,496
Safety & Loss Control 63,340 58,181 5,159
-------------- -------------- _-------_.---_
Totat Operating Expenditures 955,278 879,923 75,355
-------------- -------------- _------_-.--_-
Non- rating Expenditures:
Capital Outlay:
Equipment 6,965 4,865 2,100
-------------- -------------- --------------
Total Non-Operating Expenditures 6,965 4,865 2,100
-------------- -------------- --------------
Operating Reserves:
Reserve for Contingencies 350,124 350,124
-------------- -------------- --------------
Total Operating Reserves 350,124 350,124
-------------- -------------- --------------
Total Expenditures $ 1,312,367 S 884,788 $ 427,579
98
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
GROUP INSURANCE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
.............. .............. ..............
Operating Expenditures:
Administration E 93,760 S 92,926 $ 834
Group Insurance Claims 3,280,739 3,280,734 5
-------------- -------------- --------------
Total Operating Expenditures 3,374,499 3,373,660 839
-------------- -------------- --------------
Non-Operating Expenditures:
Capital Outlay:
Equipment 908 1,747 (839)
-------------- -------------- --------------
Total Non-Operating Expenditures 908 1,747 (839)
-------------- -------------- --------------
Total Expenditures S 3,375,407 $ 3,375,407 S --
-------------- -------------- --------------
99
MONROE COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES — BUDGET AND ACTUAL
RISK MANAGEMENT FUND
FOR THE YEAR ED SEPTEMBER 30, 1989
Variance
Favorable
Budget Actual (Unfavorable)
Operating Expenditures:
Administration S 92,523 S 88,699 $ 3,824
Risk Management Claims 626,317 614,003 12,314
Safety and Loss Control Operating Expense 45,918 37,909 8,009
-------------- -------------- --------------
Total Operating Expeditures 764,758 740,611 24,147
-------------- -------------- --------------
Non-Operating Expenditures:
Capital Outlay:
Equipment 12,941 10,399 2,542
Total Non-Operating Expenditures 12,941 10,399 2,542
-------------- -------------- --------------
Operating Reserves:
Reserve for Contingencies 347,100 -- 347,100
-------------- -------------- --------------
Total Operating Transfers 347,100 -- 347,100
-------------- -------------- --------------
Total Expenditures $ 1,124,799 $ 751,010 $ 373,789
100
FIDUCIARY FUNDS
Invats Welfare - Tb account for funds of the imnates incarcerated in the VbnrDe County
Deferred Cora satin Plan - 'To account for assets held for employees in accordance with
the provisions of IntRrnal Revenue Code Section 457.
Clerk C eral c - To account for revenues collectEd Or rrcording fees, circuit and
civil filing fps, crinii r l and traffic fires, and other miscellaneous fees.
Sheriff General Ag c,Y m Tb account f€ar the personal services, operating expenses and
capital outlay within the law enflorcerent, corrECtions and court services of the Sheriff's
Office®
Tag and License - To account for revenues collected from the issuance of vehicle and boat
registrations, applications and transfers of title, occupational licenses and other
miscellaneous licenses,
IK2 vrt Tax - To account for the collection and distribution of ad valorem and tangible
pErsonal property taxes.
MONROE COUNTY, FLORIDA
COMBINING; BALANCE SHEET
ALL FIDUCIARY FUNDS
SEPTEMBER 30, 1989
EXPENDABLE
TRUST
FUNDS AGENCY FUNDS
-------------- ................................................
Deferred Clerk Sheriff
Inmate Compensation General General
Welfare Plana Agency Agency
-------------- -------------- --------- ---------
ASSETS
Cash and Investments $ 22,147 $ 296,092 $ 1,743,245 S 550,141
Account Receivable -- -- 11,082 --
Due from Other Governments -- -- 41,364 68
-------------- -------------- -------------- --------------
Total Assets $ 22,147 S 296,092 S 1,795,691 S 550,209
-------------- -------------- -------------- --------------
LIABILITIES AND FUND BALANCES
Liabilities:
Due to Others S 12,436 S 296,092 $ 1,198,570 $ 531,431
Due to Other Governments -- -- 597,121 18,778
-------------- -------------- -------------- --------------
Total Liabilities 12,436 296,092 1,795,691 550,209
-------------- -------------- -------------- --------------
Fund Balances:
Reserved for Trust Fund Purposes 9,711
-------------- -------------- -------------- --------------
Total Fund Equity 9,711 -- -- --
-------------- -------------- -------------- --------------
Total liabilities and Fund Balances $ 22,147 S 296,092 S 1,795,691 $ 550,209
101
®®W........®®ne..........
Tag and Property
License Tax Tots[
--------------
12,652 S 1,674,869 S 4,469,146
1,002 1,569 13,653
-- -e 41,432
-------------- ----W--------- --------------
S 183,654 1,676,438 S 4,524,231
4,231 S 3,458 S 2,046,218
179,423 1,672,980 2,468,302
-------------- -------------- --------------
13,654 1,676,438 4,514,520
-------------- -------------- -_--___-m____a
a® ®d ,711
-------------- -------------- ------___-----
-- - 9,711
--------------- -------------- ---__-_-------
S 183,654 S 1,676,438 4,5 4,231
102
MONROE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
ALL EXPENDABLE TRUST FUNDS
FOR THE FISCAL YEAR ENDED SEPT EMBER 30, 1989
Inmate
Welfare
---------------
Revenues:
Miscellaneous Revenues:
Miscellaneous Commissions S 3,497
---------------
Total Revenues 3,497
---------------
Expenditures:
Current:
Public Safety:
Correction and/or Detention 7,619
---------------
TotaL Expenditures 7,619
---------------
Excess of Revenues Over/
(Under) Expenditures (4,122)
Fund Balance, October 1, 1988 13,833
---------------
Fund Balance, September 30, 1989 $ 9,711
---------------
---------------
103
COMBINING STATEMENT OF CHANGES
IN ASSETS AND LIABILITIES
AGENCYALL S
FOR FISCAL SEPT EMBER 0, 1989
Balance Batance
October 1, Septenber 30,
1988 Additions Deductions 199
............... ®me. m.®...... .........m
DEFERRED COMPENSATION PLAN:
ASSETS
Cash and Invest nts $ 176,990 S 167,362 S 48,260 $ 296,092
LIABILITIES
-----------
Due to Others S 176,990 S 167,362 S 48,260 S 296,092
CLERK GENERAL AGENCY:
ASSETS
Cash and Invest nts S 1,917,714 S 15,59 ,701 S 15, ,170 S 1,743,245
Accounts Receivable 23,762 71,853 84,533 11,082
Due from Other Government -m 65,713 24,349 41,364
Total Assets S 1,941,476 S 15,736,267 S 15,882,052 S 1,795,691
LIABILITIES
D to Others $ 1,413,576 S 5,623,148 S 5,838,154 $ 1,19 ,570
Due to Other Graver _rats 527,900 10,113,119 10,043,89 597,121
Totat Liabilities S 1,941,476 $ 15,736,267 $ 15, 2,052 $ 1,79 ,691
SHERIFF GENERAL AGENCY:
ASSETS
Cash and Investments $ 492,932 $ 1,402,312 S 1,34 ,103 $ 550,141
Due f rcxn tither Goverr Gent d® 68 w_ 68
Total Assets $ 492,932 $ 1,402,380 1,34 ,103 550,209
LIABILITIES
Due to Others $ 478,438 $ 1,315,050 S 1,262,057 $ 531,431
Due to Other Graver wets 14,494 87,330 03,046 10,778
Totat Liabilities S 492,932 S 1,402,380 $ 1,345,103 $ 550,209
(Continued)
104
MONROE COUNTY, FLORIDA
COMBINING STATEMENT F CHANGES
IN ASSETSI III S
ALL AGENCY S
FOR FISCAL YEAR ENDED SEPTEMBER 30, 1989
BaLance Balance
October 1, September 30,
1988 Additions Deductions 199
............. ............. ............. ..............
TAG AND LICENSES:
ASSETS
Cash and Investments S 135,781 S 3,560,255 S 3,513,384 S 182,652
Accounts Receivable -- 1,607 605 1,002
------------- ------------- ------------- __-___-__---_-
Total Assets S 135,781 S 3,561,862 S 3,513,989 S 183,654
LIABILITIES
Due to Others $ 2,332 S 1,953 $ 54 S 4,231
Due to Other Governments 133,449 3,559,909 3,513,935 179,423
_____________ ------------- ------------- --__------____
Total Liabilities S 135,781 S 3,561,862 $ 3,513,989 $ 183,654
------------- ------------- ------------- --------------
------------- ------------- ------------- --------------
PROPERTY TAX:
ASSETS
Cash and Investments S 11378,725 S 79,512,147 S 79,216,003 S 1,674,869
Accounts Receivable -- 1,569 -- 1,569
_____________ _____________ ------------- ______-_____-_
Total Assets $ 1,37 ,725 S 79,513,716 S 79,216,003 $ 1,676,438
LIABILITIES
Due to Others 10,245 $ 5,059,269 S 5,066,056 $ 3,458
Due to Other Governments 1,3 ,480 74,454,447 74,149,947 1,672,980
------------- _____________ _____________ ______________
Total Liabilities S 1,378,725 S 79,513,716 S 79,216,003 $ 1,676,438
TOTAL ALL AGENCY FUNDS:
ASSETS
Cash and Investments $ 41102,142 S 100,240,777 S 99,895,920 S 4,446,999
Accounts Receivable 23,762 75,029 85,138 13,653
Due from Other Governments -- 65,781 24,349 41,432
_____________ ------------- ------------- ______________
TOTAL Assets $ 4,125,904 S 100, 1,587 S 100,005,407 $ 4,502,084
LIABILITIES
Due to Others $ 2,081,581 S 12,166,782 S 12,214,581 S 2,033,782
Due to Other Governments 2,044,323 88,214,805 87,790,826 2,468,302
------------- ------------- _____________ _-________-__-
Total Liabilities S 4,125,904 S 100,381,587 $ 100,005,407 S 4,502,084
105
ACCOUNT GROUPS
General Fixed Assets - To account for all fixed assets of the county, other than those
accounted for in the enterprise funds and internal service funds.
General Lon term Debt - To account for bonded debt and other forms of long-term debt
supported by general revenue sources of the Monroe County Governmental Unit.
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED
ASSETS BY SOURCE
SEPTEMBER 30, 1989
GENERAL FIXED ASSETS:
Land S 7,279,638
------------
Buildings 20,744,452
Equi nt:
Board Of County Commissioners 14,100,180
Sheriff 5,535,068
Land Authority 7,756
------------
Total Equipment 19,643,004
------------
Construction In Progress 3,461,942
------------
Total General Fixed Assets S 51,129,036
INVESTMENTS IN FIXED ASSETS FROM:
General Fund Revenues:
County Funding S 25,126,816
1988 Improvement Revenue Bonds 12,060
Federal Grants and Shared Revenues 2,114,160
State Grants and Shared Revenues 236,492
Donations 233
General Obligation Bonds 2,469,017
Special Revenue Fund Revenues 7,799,555
Donations 2,517,392
Capital Project Fund:
Special Revenue Bonds 1,210,451
1988 Improvement Revenue Bonds 539,650
Federal Grants and Shared Revenues 1,281,496
State Grants and Shared Revenues 110,023
County Funding 7,699,783
Donations 11,908
------------
Total Investment In General Fixed Assets S 51,129,036
106
MONROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
SEPTEMBER 30, 1989
Construction
Land Buildings Equipment in Progress Total
...... ........... ........... ............ ............
General Government:
Legislative S -- $ -- S 76,268 $ -- $ 76,268
Executive -- -- 83,065 -- 83,065
Financial and Administrative 439,179 2,318,668 1,751,332 -- 4,509,179
Legal Counsel -- -- 73,491 -- 73,491
Comprehensive Planning -- 26,385 387,118 -- 413,503
Judicial -- 60,675 948,964 -- 1,009,639
Other General Government 4,248,494 4,629,231 941,693 -- 9,819,418
___________ ----------- ----------- ------------ --.__.------
Total General Government 4,687,673 7,034,959 4,261,931 -- 15,984,563
----------- ----------- ----------- ------------ --_-_-----__
Public Safety:
Law Enforcement 295,962 1,232,000 5,576,323 -- 7,104,285
Fire Control 340,135 177,078 4,119,352 -- 4,636,565
Detention and/or Correction -- 4,474,957 -- 4,474,957
Protective Inspections -- 14,808 126,642 -- 141,450
Emergency and Disaster
Relief Services -- 1,903 443,122 -- 445,025
Ambulance and Rescue Services -- 6,414 1,272,507 -- 1,278,921
Medical Examiner -- -- 18,673 -- 18,673
Other Public Safety __ __ 9,755.0 __ 9,750
----------- ----------- ----------- ------------ ------------
Total Public Safety 636,097 5,907,160 11,566,369 -- 18,109,626
___________ ----------- ----------- ------------ --------__--
Physical Environment:
Conservation and Resource Management -- 70,538 17,230 -- 87,768
----------- ----------- ----------- ------------ ------------
Total Physical Environment -- 70,538 17,230 -- 87,768
----------- ----------- ----------- ------------ ------------
Transportation:
Road and Street Facilities -- 22,012 1,936,730 -- 1,958,742
Airports 1,122,400 4,344,484 300,114 - 5,766,998
----------- ----------- ----------- ------------ ------------
Total Transportation 1,122,400 4,366,496 2,236,844 -- 7,725,740
----------- ----------- ----------- ------------ ------------
Economic Environment:
Employment Opportunity and
Development -- -- 1,398 -- 1,398
Veteran's Services - 58,059 -- 58,059
Other Economic Development __ -_ 5,521 -- 5,521
----------- ----------- ----------- ------------ --_--_------
Total Economic Environment -- -- 64,978 -- 64,978
___________ ___________ ----------- ____________ ____________
Human Services:
Hospitals -- 34,511 167,632 -- 202,143
Health 10,500 223,211 484,423 -- 718,134
Welfare 8,500 391,408 398,304 - 798,212
----------- ----------- ----------- ------------ __----______
Total Human Services 19,000 649,130 1,050,359 -- 1,718,489
----------- ___________ ----------- ____________ ------------
(continued)
107
MOMROE COUNTY, FLORIDA
SCHEDULE OF GENERAL FIXEDASSETS
BY 0 1 — CONTINUED
SEPTEMBER 30, 1989
Construction
Lard 0ulLdings Equipwnt in Progress Tot t
Culture and Recreation.
Libraries 31,850 1,410,668 301,866 1,744,384
Darks aid Recreation 774, 18 1,305,501 11,919 2,221,738
Other Wrture/Reoreation 8,300 @- 1,508 _ 9,808
__ae__sa__m _®®®R_a____ _ae=__a__®a _®____ma____ __am___m_---
Total Cutture and Recreation 814,468 2,716,169 445,293 3,975,930
Construction in Progress m_ a_ _W 3,461,942 3,461,942
----------- _____aa___e ®mm______o_ _a_a__ms____ _®a_®_m-----
Totat 7,279,638 S 20,744,452 S 19,643,004 3,4 1,942 S 51,129,036
108
MO OE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
SEPTEMBER 30, 1989
October 1,
1988 Additions Deductions
.............. .............. ..............
General Government:
Legislative $ 61,095 S 15,173 S --
Executive 76,933 6,132 --
Financial and Administrative 3,182,920 1,164,217 11,358
Legal Counsel 68,131 6,012 652
Comprehensive Planning 291,392 122,111 --
Judicial 819,065 235,553 36,285
Other General Government 12,623,056 581,938 717,531
-------------- -------------- --------------
Total General Government 17,122,592 2,131,136 765,826
-------------- -------------- --------------
Public Safety:
Law Enforcement 5,309,543 1,522,776 901,520
Fire Control 3,376,618 925,113 --
Detention and/or Correction 4,649,145 703,337 --
Protective Inspections 97,896 43,329 --
Emergency and Disaster Relief Services 393,444 51,139 --
Ambulance and Rescue Services 1,137,375 272,126 135,870
Medical Examiner 13,048 5,625 --
Other Public Safety 9,750 -- --
-------------- -------------- --------------
Total Public Safety 14,986,819 3,523,445 1,037,390
-------------- -------------- --------------
Physical Environment:
Conservation and Resource Management 89,441 248 1,921
-------------- -------------- --------------
Total Physical Environment 89,441 248 1,921
-------------- -------------- --------------
Transportation:
Road and Street Facilities 1,710,594 319,955 72,589
Airports 4,620,069 27,427 2,898
-------------- -------------- --------------
Total Transportation: 6,330,663 347,382 75,487
-------------- -------------- --------------
Economic Environment:
Employment Opportunity and Development 1,082 316 --
Veteran's Services 49,750 2,958 1,412
Other Economic Development 12,278 -- 5,699
-------------- -------------- --------------
Total Economic Environment 63,110 3,274 7,111
-------------- -------------- --------------
Human Services:
Hospitals 58,395 143,748 --
Health 677,664 29,571 1,524
Welfare 831,884 5,530 32,823
-------------- -------------- --------------
Total Human Services 1,567,943 178,849 34,347
-------------- -------------- --------------
109
lnterd"rtmentaL
Transfers
.saa®®..®... .............
September 30,
In out 1989
............ ............ ..............
e> S S 76,268
-- 3,065
173, 54 454 4, 09,179
w 73,491
_® _ 413,503
2,36 11,090 1, 09,639
18,429 2,686,474 9,819,418
194,679 2,69 ,018 15,984,563
1,173,4 m> 7,104,285
401,950 67,116 4,636,565
W_ 877,525 4, 74,957
225 __ 141,450
442 a_ 445,025
11,784 6,494 1,278,921
-- w- 18,673
_ 9,750
maea_-__ap>® _-----®_> » _>a_>e>>a»>®_
1,5 7, 7 951,135 18,109,626
------------
87,768
>m am 67,76
6,985 6,203 1,95 ,742
1,122,400 -- 5,766,998
1,129,35 6,203 7,725,740
> @> 1,398
6,763 -- 58,059
®m 11058 5,521
6,763 1,058 64,97
>- > 202,143
1 ,423 -- 71 ,134
16,248 22,67 79 ,212
2 ,671 22,627 1,71 ,489
110
MO OE COUNTY, FLORIDA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY — CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
October 1,
1988 Additions Deductions
.............. .............. ..............
Culture and Recreation:
Libraries 1,661,595 64,859 13,920
Parks and Recreation 1,067,487 479,332 16,587
Other Culture/Recreation -- 1,508 __
Total Culture and Recreation 2,729,082 545,699 30,507
______________ -------------- _-___--_______
Construction in Progress 1,495,050 2,925,351 952,459
______________ ______________ .__.___._...._
Total S 44,384,700 $ 9,655,384 $ 2,911,048
111
Interdepartmentat
Transfers
............ ............
September 30,
In Out 1989
............ ............ ..............
31,850 -- 1,744,384
698,491 6,985 2,221,738
8,300 -- 9,808
------------ ------------ --------------
738,641 6,985 3,975,930
-- -- 3,461,942
------------ ------------ --------------
$ 3,686,026 $ 3,686,026 $ 51,129,036
112
GENERAL LONG—TERM DEBT ACCOUNT GROUP
SEPTEMBER 30, 1989
Amount Available and to be Provided for
The Payment Of General Long-Term Debt:
..........................................
Amount Available in Debt Service Funds:
Refunding Improvement Revenue Bonds, Series 1983 $ 914,230
Improvement Revenue Bonds, Series 1988A 157,317
Improvement Revenue Bonds, Series 19886 217,993
------------
Total Amount Available in Debt Service Funds 1,289,540
------------
Amount to be Provided:
Refunding Improvement Revenue Bonds, Series 1983 1,080,770
Improvement Revenue Bonds, Series 1988A 4,842,683
Improvement Revenue Bonds, Series 19888 2,047,007
Capitalized Lease Obligations:
Board of County Commissioners 403,966
Property Appraiser 30,908
Sheriff 126,500
Accrued Compensated Abscenses:
Annual Leave:
Board of County Commissioners 601,664
Property Appraiser 80,792
Sheriff 600,987
Compensatory Time:
Board of County Commissioners 38,342
Sick Leave:
Board of County Commissioners 109,854
Tax Collector 36,406
Property Appraiser 40,081
Sheriff 81,271
------------
Total Amount to be Provided 10,121,231
------------
Total Amount Available and to be Provided
for the Payment of General Long-Term Debt $ 11,410,771
General Long Term Debt Payable
...............................
Revenue Bonds Payable:
1983 Refunding Improvement Revenue Bonds $ 1,995,000
1988A Improvement Revenue Bonds 5,000,000
19888 Improvement Revneue Bonds 2,265,000
------------
Total Revenue Bonds Payable 9,260,000
------------
Other General Long-Term Debt:
Capitalized Lease Obligations 561,374
Accrued Annual Leave 1,283,443
Accrued Compensatory Time 38,342
Accrued Sick Leave 267,612
------------
Total Other General Long-Term Debt Payable 2,150,771
------------
Total General Long-Term Debt Payable $ 11,410,771
113
MONROE COUNTY, FLORIDA
LONG-TERMSCHEDULE OF CHANGES IN GENERAL
G G- ACCOUNT GROUP
FOR YEAR ENDED SEPTEMBER 3 , 1989
Balance Balance
October 1, Septorber 3
1988 AdditionsRetirements 1989
---- ----------- ----------- ®®_. ......
General Long-Term Debt Payable:
Revenue Bonds Payable:
Refunding Improvement Revenue Bonds, Series 1983 S 2,025,000 S -- S 30,000 S 1,995,000
Improvement Revenue Boas, Series 1988A 5,000,000 -- 5,000,000
Improvement Revenue Bonds, Series 1988B 2,265,000 -- 2,265,000
----------- ---------- ------------ ___-___-____
Total Revenue Bonds Payable 2,025,000 7,265,000 30,000 9,260,000
_---------- ----------- ----------- ------------
Capitalized Lease Obligations:
Board of County Commissioners 374,716 156,698 127,448 403,966
Property Appraiser 54,783 - 23,875 30,900
Sheriff 195,960 -- 69,460 126,500
----------- -_____-__®_ ----------- -_____-_---_
Total Capitalized Lease Obligations 625,459 156,698 220,73 561,374
----------- ___- ------ ----------- ------------
Accrued Compensated Abscenses:
Annual Leave:
Board of County Commissioners 509,107 601,664 509,107 601,664
Property Appraiser 72,051 8,741 80,792
Sheriff 455,339 145,648 600,987
----------- -_____ ---- ----------- -_-_-__-----
Total Annual Leave 1,036,497 756,053 509,107 1,283,443
_- -----------_____®__-__ ----------- ------------
Compensatory Ti
Board of County Commissioners 17,361 3 ,342 17,361 3 ,342
----------- ----------- ----------- -__-__-_--®_
Sick Leave:
Board of County Commissioners -- 109,854 -- 109,854
Tax Collector -- 36,406 -- 36,406
Property Appraiser -- 40,081 -- 40,081
Sheriff 81,271 i6 01,271
----------- ----------- ----------- ----- ------
Total Sick Leave -- 267,612 -- 267,612
----------- ----------- ----------- ---______---
Total Accrued Compensated Abscenses 1,053,858 1,062,007 526,468 1,589,397
----------- ----------- ----------- ------------
Total General Long-Term Debt payable 3,704,317 $ 8,483,705 777,251 S 11,410,771
114
This page intentionally left blank.
115
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS -• SERIES 1983
REVENUE BOND ISSUES — DESCRIPTION
SEPTEMBER 30, 1989
Refunding
Bonds
..............................
Series 1983
..............................
Original authorization $2,750,000
Unissued 595,000
..............................
Issued 2,155,000
Retirements through
September 30, 1989 160,000
..............................
Balance outstanding
September 30, 1989 $1,995,000
------------------------------
Date of issue June 1, 1983
Maturity range 1984-2011
Principal payment date JULY 1
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 2010-2011
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
116
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS - SERIES 1983
SCHEDULE OF DEBT SERVICE REQUIREMENTS
SEPTEMBER 30, 1989
$2,155,000
Series 1983 Bonds
Year ...............................
Ending Original Interest 7ot®l
Sept. 30 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 70,000 143,089 213,049
2000 75,000 136,999 211,999
2001 80,000 130,399 210,399
2002 90,000 123,278 213,278
2003 95,000 115,178 210,176
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 $3,788,859 $5,943,859
--------------- --------------- ---------------
--------------- --------------- ---------------
117
FLORIDAMONROE COUNTY,
1 — SERIES 1988
REVENUE BOND ISSUES — DESCRXPTION
SEPTEMBER 8 , 1989
Refunding
Bonds
----------------------------------------
Series 1988A
----------------------------------------
original authorization $5,000,000
Unissued --
----------------------------------------
Issued 5,000,000
Retirements through
September 30, 1989 --
Balance outstanding
September 30, 1989 $5,000,000
Date of issue December 1, 1988
Maturity range 1989 2008
Principal payment date December 1
Interest payment dates June - December
Denominations S5,000
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 200
Average interest cost rate 7.30%
Call feature 1996-1997 102.0
1997-1998 101.5
1998-1999 101.0
1 -2000 100.5
2000-Maturity 100.0
Paying agent Midatlantic National Bank and Trust Co.
Fort Lauderdale, Florida
118
MO OE COUNTY, FLORIDA
REFUNDING IMPROVEMENT S - SERIES 1988A
SCHEDULE OF DEBT SERVICE REQUIREMENTS
SEPTEMBER 30, 1989
$5,000,000
Series 19MA Bonds
Year ...............................
Ending Original Interest Total
Sept. 30 Principal Debt Service
.......... ............... ............... ...............
1989 -- $184,734 5184,734
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 345,000 344,283 689,283
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
--------------- --------------- ---------------
$5,000,000 $5,886,155 $10,886,155
119
MONROE COUNTY, FLORIDA
1 — SERIES 198SE
REVENUE BOND ISM — DESCRIPTION
SEPTEMBER 0, 1989
Refunding
Bonds
........................................
Series 19888
........................................
Original authorization $2,265,000
Unissued ..
________________________________________
Iss 2,265,000
Retirements through
September 30, 1989 --
----------------------------------------
Balance outstanding
September 30, 1989 $2,265,0O0
Date of issue December 1, 1988
Maturity range 1989 1998
PrincipaL payment date December 1
Interest payment dates J - 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 cast rate 6.40%
Call feature 1996-1997 102.0
1 7-1998 101.5
Paying agent Midattantic Wationa[ Bank and Trust Co.
Fart LauderdaLe, Florida
120
MONROE COUNTY, FLORIDA
REFUNDING IMPROVEMENT REVENUE BONDS — SERIES 1988B
SCHEDULE OF DEBT SERVICE REQUIREMENTS
SEPT ER 30, 1989
$2,265,000
Series 19888 Bonds
Year ...............................
Ending originaL Interest Tots
Sept. 30 Principal Debt Service
........ ............... ............... ._..........—
199 -- S73,145 S73,145
1990 $185,000 140,833 325,833
11 195,000 129,428 324,42
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, 75 321,875
1997 280,000 38,750 318,750
1998 300,000 19,170 319,170
1999 130,000 41484 134,484
--------------- ----------------- ---------------
$2,265,000 SM5,985 $3,110,9 5
121
STATISTICAL SECTION
Statistical informtion is different from the infnrmtion presented in the financial sec-
tion in that it usually covers rnore than one fiscal year and my present mn-accounting
infmmtion. The tables present social and ecofw=®o informflan, financial trends and the
fiscal capacity oft government necessary for the cwplete, disclosure of t*Countyl s
financial activity® The informflon presented in the following tables is not required for
fair presentation in conftxWty with generally accepted accounting principals and is,
therefore, not coverei by tW auditor's opinion.
Sources of Data:
Monroe my Clerk oft Circuit Court-Finance
Departmi; (For Paqes 122 - Pages 139 where a source is not indicated)
Monr�oe_ County Tax Coll ector
Monroe County Property Appraiser
Monroe County School Board
Monroe County Supervisor of 0ections
* Monroe County Sheriff Is Departaient
* Monroe County Statistical Abstract 1W
* L1niversityof Florida, Division of Populaticn Studies
Depaytwnt of Cwwrce, Bureau of Econodc Research
Florida Bankers Association
City of Key West
The Constitution oft State of Florida, Florida Statute 200.181 and Monroe
County set no leqal debt linfit.
MONROE MJNTY, R-ORIDA
GENERAL GOVEWNT EXPENDITURES BY RJNCTION
LAST TEN YEARS
Fiscal General Publ ir. Physical
Year Goverrwmt Envi rowntal Trarly. rtation
1980 $ 4,304,(M $ 4,3229228 $ 51,048 $ 2,394,612
1981 5,210,558 5,897,627 135,736 2,232,650
19B2 6,397,702 7,398,866 2M,482 2,930,397
1983 7,116,%. 3 8,659,200 6W,819 4,W7,694
1984 8,546,6?1 9,489,904 759,191 3,153,831
19B5 8,731,943 12,189,855 467,548 4,C66,687
19B6 9,842,404 13,586,790 413,756 3,893,227
1987 14,177,570 210,678 3,503,429
1988 14,238,914 19,171,479 174,7,-V 3,94-6,3W
1989 L5,767,785 22,356,972 2.40,9701 6,426,753
Includes expemlitums in General, Special Revenue, Debt Service and Expendable Trust Fund
types.
Capi tal Outlay expend hors were re,pDrted separatel y fbr f!scal year 1967.
122
E n Cul tum and Debt Capi tal
E� Sdrvicess Recmation Lervice Outla** j 1
Xa 1,'4VS,970 $ 850,339 $ 74,925 $ m 14,3 ,.
738,873 °1 .9,2 1,101, ,!3 171M4,511
169,938 1,927,339' 1,957,121 2%, 56 ZI,361,943
184,964 ,1 ,71a 1,7 ,455 456,561 25,621,306
175,431 2,5119116 1.2mlw 522,925 26,587,859
2110 ?M.Rw 2,%3,067 986,217 32,189,541
2,275,0 6 3,427,255 2,466,602 211,159 - ,116�219
?,,9M,704 3,952,902 1,587,6B9 209,377 2,W,2?8 40,029,749
,3,841,530 4,479,122 2,,d ,837 659J27 48,0J21
5,066,351 4,783,859 2,,342,247 705,704
5`161
123
RWA , FLOW DA
Y SWU
LAST TEN YEARS
Fiscal Licenses and marps for
'TaxesYear Poots 1nt � 1 ;s
1%Q $ 0,841.362 $ 5V,764 $ 6, , ,
s
1981 7,1 ,916 797,559 5,669,941 M1,983
1982 8,565,434 , 6OM7,099 MtM
112,119,173 1,%24069 8t9579603 It�61$977
1 7,755J38 1,,7-7.689 80243,1971,621.OM
1985 17.687$5661,660.Q46 9rO99,749 1, ,
a
10 P,092,462 2,436,048 9,91 , .7 2,5840504
1987 25,639,643 1,516,601 91 , , 9 1.
19M 32,41,9,%41,919,763 11,4 , '16 3,4380650
1989 37,938,385 2,C52,940 18,570,79030
Includes v in General, it Revmue, Debt Service w4 Exp"ble1r
types.
124
Fines and Interest
Forfeitures Income— Assessments Miscellaneous Total*
$ 692,880 $ 679,061 $ $ 247,827 $ 15,659,5AS
600,320 964,352 343,107 16,226,188
996,723 1,2444NO 293,856 18,959,60M
9TIVE W8,167 328,*72 25,739,917
928,425 1,15 , E 31C,150 31,345,458
1,135,32a 1,468,07'8 363,785 32,T3,641
1,129,491 1,S58,360 419,433 41,138,995
1,386,196 1,623,451 866,053 334,133 43,517,666
1,705,128 2,249,943 2,164,R54 95,394,OMSB
11906,90 3,616,155 m 2,131,269 69,581,576
125
MONROE COUNTY, FLORIDA
110FRTY TAX LEVI B5 MD COLLEC71ONS
LAST TEN FISCAL YM-
Fiscal Tax Tax Percent of
Year Collection I L Collecte.d
2yx m_-2
1960 $ 7,529,(57 $ 7,2q5,356
1981 9,433,547 8,9PO,,468 95.,?%
1982 110,7M,434 10,108,3�P 94.4%
1983 11,904,907 11,471,341 96.4%
19B4 16,(M,628 1.5,367,153 95.5%
1985 15,81.4,489 15,35].,860 97.1%
1986 20,697,309 19,948,482 %.4%
1,987 2?,633,,498 21,732,106
1988 34,251,209 12,863,ff)O 95.9%
19B9 31,055,120 29,%0,942 96.4%
PvDfx?rty tax levies, based on assessed values as of Jar wry Ist, become due and payable on
NoveTber 1st of each year. A 4 percent discount is allowed if the taxes are paid in Nov Ember,
with to discaunt declining by 1 percent each month thpreafter. Amordingly, taxes collected
will never be 100 Mment of the tax levy. Taxes becom. delinquent an April 1st of each year
and tax certifica'tps for the full anount of any unpaid taxes &-d assess ..ruts must be sold not
later than Jure Ist of each year.
Property taxes receivable arO a cares in re un call e:t1ble prr)f*rty taxes are
included in the firencial statenmts.
Sourm: rwroe Cou"ty Tax (bIlector
126
MONROE COUNTY, FLORIDA
ASSESSED TI VALUE OF TAXABLE OPERTY
LAST TEN YEARS
Real D2perty 1 P r y Total
Year Assessed Value Assessed Value Assessed Value
1980 $ 1,411,,027,844 $ 107,983,463 1,519,011,307
1981 1,926,529,462 137,800,260 2,TA,329,722
1982 2,173,603,060 160,697,982 2,334,301,042
1983 2,622,121,321 169,044,868 2,791,1 ,1
1 2,818,747,746 179,9 , 1 2,998,742,560
19B5 3,114,511,330 209,495,4243,324,006,754
1986 3,425,252,146 212,232, 27 3,637, ,573
19B7 3,754,724,220 221,643,508 3,976,367,728
1988 4,208,231,293 261,996,249 4,470,227,542
1989 5,129,539,812284,929,021 5,414,468,833
Assessedlues used are net taxable values after deducting allomble statutory exemptions.
Property is assessed as of January 1st and taxes based on those a ess s are levied and become due
on the followingNovember 1st.
Estimated al 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.
Sou County Property Appraiser
127
MONROE COUNTY, FLORIDA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Fiscal Property Bank
Year Value Construction (1 & 2) its
1980 1,078,126,089 31,256,681 210,544,000
1981 1,509,997,982 46,760,998 223,446,000
1982 1,713,643,602 3,013236,0-97,000
19B3 2,079,413,342 63,730,906 287,256,000
19B4 2,230,30B4O56 47,455,279 328,300,000
1965 2,410,892,344 ,743, 1 390,889,000
1986 2,617, 0,573 73,832,930 5,5 ,
1987 2,830,297,181 74,847,145 570,342,000
198B 2,974,503,658 110,925,817 648,426,000
1989 3,667,553,207 15 ,637,55 8092,242,000
Nontes:
1. Property value and construction es not i l e the
municipal areas of the County.
2. Constructicn amounts include construction nus
deletions from the Tax Roll.
u : Monroe County Property Appraiser
Florida Banker's Association
128
MONORE COUNTY, FLORIDA
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVOMENTS
LAST TEN YEARS
TAX RATES (MILLAGE)
School Board CO2qY-
Tax Year 92ff2tinQ Debt Service 2L*�rtin Service. Other Total
19BO 5.9720 7.8649 .0917 1.3240 15.2526
1981 5.7900 5.0846 .0512 1.3020 12.2278
Y62 4.9440 4.90-30 .0451 1.3200 11.3021
1983 5.5290 5.7268 .0382 1.2630 12.5570
19B4 5.7600 5.4748 .0351 1.2320 12.5019
1985 5.8580 6.1906 1.1380 13.1866
19B6 5.9330 6.2262 1.2120 13.3772
1987 6.0650 6.8639 1.1630 14.0919
1988 6.2720 6.9222 1.2250 14.4192
1989 6.4570 6.3713 1.1650 13.9933
Property is assessed as of January 1st and the taxes based on those assessments are levied
according to the tax rate in effect during that tax year and become due on November 1st.
* Consists oft following districts- Monroe County Mosquito Control, South Florida Water
Management, Okeechobee Basin Fund and Big Cypress Fund.
Source: Monroe County Tax Collector
129
MONROE COUNTY, FLORIDA
LARGESTTEN TAXPAYERS
1989 Fiscal Percentage
Assessed Year Taxes of Total
Tara .laI ue Collected Collected
1. Southern Bell ,5 .0115
2. Casa Marina ,7 ,1 .0106
3. Trumanex 20,184,363 421,117 9
. Pier House 19,55 ,551 403,184 .0097
5. Hawks Cay 16,795,087 250,019 35
. Sheraton Key Largo 15,315,104 226,859 .0031
7. Reach 14,402,807 330,615 .0046
8. La Concha y West 13,658,532 5,7 37
. Singleton Enterprises 12,093,502 244,843 .0034
10, Southernmost Hotel 11,971,357
$217,291,708 $3,975,970 57
Source: Monroe County Tax Collector
Monroe County Property Appraiser
130
MONROE COUNTY, FLORIDA
RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
LAST TEN YEARS
Ratio of Net
Gross Bonded Debt Net
Assessed Bonded Debt Service Net Bonded To Assessed Bonded Debt
Year Value_ ** Debt ** Funds **, Debt ** Value Per 2pjj2, **
1980 $ 63,188 $ 1,159,011,307 $ W-0,075 $ 737,426 $ 142,649 $ 0.0123 2.00
1981 64,168 2,064,329,722 785,000 737,426 47,574 0.0023 1.00
12 65,748 2,334,301,042 740,000 737,126 2,574 0.0001
1983 66,605 2,791,IEE,189 690,000 690,000
1984 68,752 2,998,742,560
1%5 70,720 3,324,006,754
Ic.66 72,471 3,637,484,573
Ic37 74,523 3,976,367,72,q
19M 77,003 4,470,227,542
I(F,9 79,300 5,414,468,933
Property Value Assessments are as of January Ist of each r®
Source: Monroe County Statistical Abstract 1968
Monroe County Property Appraiser
131
NANROE COUNTY, FLORIDA
COMPUTATION OF DIRECT UNDERLYING AND OVERLAPPING DEBT
SEPTU1BER 30, IqA9
Percentage
Applicable to This Overlapping
Governmental Unit Gross Debt Governmental Unit Net Debt
Monroe County, Florida $ - - - - $ - -
School Bonds * 1»370,000 100 O� I~370~000
City of Key West ++ I65»000 IOO 165,000
Total Diye�ct Underlying and Overlapping Debt $ I~935,000
===========
Note: Monroe County does not have any outstanding general obligation debt. The School
Board's fiscal Year ends June 30, I98-0.
Source: M0MnD8 County School Board
++ City of Key West
132
WNROE COUNTY, FLORIDA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES MR GENERAL BONDED
DEBT TO TOTAL CENERAL GOVERWENT EXPENDITURES
I-AST TEN FISCAL YEARS
Patio of Debt
Othe-r Total General Service to
Fiscal Debt Debt Govern nent General Government
Year Er i nc i pal Interest Service Service* x nj�tures -x2ffOitures
L2L L _
1980 $ 40,ODO $ 34,929 $ $ 74,925 $ 14,378,600 0.52
19?1 45,(M 33,325 78,325 17,006,6317 0.46
1982 45,000 31,525 76,525 21,361,043 0.3F
1 cB 3 45,ODO 20,613 -74,613 '—x 037 Pf 2 0.30
1984 70,00n 30,075 916 109,991 2F,956,169 0.42
1qB5 710,000 19,425 20,107 76P,532 31,563,502 2.43
Icm 136,500 24,054 IRO 160,734 36,418,839 0.44
ITP7 140,440 11,225 A w 151,665 43,373,112 0.35
199P 57,560 4,205 61,765 49,930,715 0.12
1989 40,572 29,438 70,010 501,6(,r,213 0.12
Debt Service includes principal and interest on general obligation bonds, bond anticipation notes,
and otter loan and notes payable.
133
101ROE COUNTY, FLORIDA
MUNICIPAL SERVICE DISTRICT - WASTE
SCHEDULE OF REVENUE BOND COVERAGE
LAST TEN FISCAL WEARS
Net Revenue Debt Service Requirements
Fiscal Gross Available for ----------------------------------- Times
Year Revenue** Expenses* Debt Service Principal Interest Total Coverage
e
I 9RO $ 1,F0,212 $ 1,69e,991 $ 176,621 $ $ - - $ - - N/A
1981 3,95 0 19 9 5 2,069,90-0 1,8RO,(YE 142,OF0 442,060 4.25
19B2 4,476,788 3,055,789 1,420,99-9 40,WO 834,120 924,120 1.54
19B3 4,336,483 3,768,057 568,426 45,000 P79,620 92.4,620 0.61
1cB4 5,794,937 4,603,748 1,191,r9 50,000 P74,558 024,55P 1.20
1985 6,235,504 4,312,4Pr- 1,923,019 55,000 W,933 923,933 - 2.OP
I 9B6 6,48-P 177 5,400,1193 1,0B7,904 r711
1� -70? 531,702 2®(r,--
1cP7 7,956,P12 5,136,726 2,P20,O(f 130,000 626,755 1,056,75 2.67
ICPB 8,236,280 6,rA4,830 1,901,450 2S0,OOO 607,418 PP7,418 1.79
19RO Qj:
571,847 6,770,541 2,801,30F 300,000 c89,093 MO- 0-0-3 3.15
"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 inc uir 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 I-TO bonds.
134
WITURL OF INSURPKE CCHPPhY
SERTEMBER 30, IT9
Insurance Compan
i od
C i grfi F i re Undervir i L(_i s I nsurat tce Cu.
Cigna/Ina
ni/ol/go-0.0
Employees Reinswunce Carpwation QUI/P490
Insurance Company of North Anerica 01/10/89-90
07/01/89-190
07126189-9,r)
n7/27/89,40
John Alden Life Ins® Go. 10/01/89-90
South Carolina Ins. Co. 07/M/P.-90
CF127189 90
09/19/89-900
11/03/89-90
Jok Men Life Ins. Oo. 10/01/80 09/30/90
P..Jnited States Fidelity
& Guarantee Company 03/190-90
I'larida Municipal Liability 101nilsp.qQ0
Self-Insurers Program 04/01/29-09V30/89
histern World rn/15/Sn,no
Scottsdale Insurance Company C06/89-T
HartfbrO Stearn Boiler,
and Inspection Ins. Gampany 04/01/89-90
O'naha Pmperty and CaSUal ty M/27/89 9Y1
135
A.)NROE CU.JN1Y, FLORIDA
,,CHEDULE OF INSURMCF. AGENCY
SDIUBIT -110,
Expiration Aniritp l
Date Pro(ii ufi
Arthi..,r J. Gal ld,jher (,)q/3()/()o $ M,633
011/,-,0/90 .1.43,929
09/"30/()0 ,P,ear,.
Burke, ))Owi, t hrjoif, T[it 91 q(.")
Porter Alleirl CA101190 1,675
071(Y5190 6,118
07126100 2, 1.
07/27/PO 9,�:29
RQ/27/00
MIN% 5413
11/03/00 2,266
'f"j,r Joijilsorl's firisurairice
Ag(:rc y 03/1.5/90 379,216
r-k3/27/n0 2,756
r1- or�da t4jjrj�cj pal LJabil i ty SIP m/j5po F),w)
o(-,/I(�/qo 1.0,052
09/30/00 181,�36
09/3n/go
1he LIMA Cmipanies, Inc. f7/01/90 377
07/01/90 370
r1orida 11birlicipal Pir x-rty PiTgram 04/01/90 956
136
A I VROE CUPITY, V�U N11 M
SAUPIES IND SUTTY 13ONDS OF MUNCIPAL OFFICIA.3
'k 11 ,
S! PT DS E'R 3) IT9
M- nual Apount of
Name ayvJ Title of (ffidal SadSi
............mt
Michael Puto - Cha"Innan, Board of County Umnssioners $ 22,472 $ 2,000
Eugene R. Lytton - Vice-0'nirnan, Board of Coqmtly Umnissicw'�ens 22,472 2,000
DDuglas Jones - 1'4aiNmr, Roard of County CmMssimiers 22,472 2,000
Wilheludna Harvey - �'bn[xir, : .amyl of Cowity WmIssioners 22,472 2,MJ
Min Stormont - W.mber, Bmrd of Cotmity Comissimers 72,472 2,000
Danny L. K0-wge - Clerk of Citnift Umill
ard Chief Finarcial fff:i cer 5�) F60 5,000
Allison Defoor - SN.�riff 57,680 1.5,000
Harry SaWyer - W. rxr0wr of !!]mtioris 46,5F? 5,0W
Ervin Higgs - Pm0mrty ApIll"al"SF.r 55,fno 10,000
liarry F. Knijit Tax (.b11(KtDw, 57,W, ?;,000
Tan Brum - CourTty /Vtnimstratxn, R,%PA 100,000
L37
M[NROE COUNTY, FLORIDA
DEMOGRAPHIC STATISTICS
LIST TEN YEARS
Per Capita Median School Unemployment
Year Income �) )
_^__�� .
I9BO 63°I88 8°184 36.0 76I1 5.5
198I 04,108 9°150 36.0 7637 7.4
1982 65°748 9°795 36.3 7492 7.9
1983 06,605 10,409 36.6 7248 6.0
1984 68°752 I1,00 36.7 7231 4.1
l985 7O°729 12°989 36.9 6913 3.5
1986 72,471 14,021 37.3 7138 3.0
I987 74,523 NA ivy 7515 2.8
IT8 77,003 NA NA 7575 2.6
I9po 79»3OO NA NA 8I9P 2.5
NA - Data Not Currently Available
Sources:
]. MbMMoe County Statistical Abstract ]9T88
2. University of Florida, Division of Population Studies
3. Department of Commerce, Bureau of Economic Research
4. Mbnroe County School Board
5. Florida Department of Labor and Employment Security
I38
MONROE COUNTY, FLORIDA
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1989
to originally established EDUCATION:
constitutionally July 3, IM Number of schools
Date of present constitution High Schools 3
establishment May 13, 18B7 Middle Schools 4
Form of government Constitutional County EleTentary Schools 10
Present area 1034 square miles Vocational Technical 0
Special Ed Schools I
POPULATION: Number of Administrators 25
Date Residents Increas6 Number of Teachers 532
1979 56,509 1.28
1960 63,18B 11.82 CONSTRUCTION PERMITS:
1981 64,168 1.55 PenTiits issued 01,485
1982 65,748 2.46 Est. construction cost $5%,290,593
1983 66,605 1.30
19B4 68,752 3.22 AMBULANCE SERVICE:
19B5 70,729 2.8B Number of vehicles 16
19B6 72,471 2.46 Number of Employees 42
1987 74,523 2.83
im 77,003 3.33 POLICE PROTECTION:
1989 79,300 2.98 Number of stations 4
Number of Employees
EMPLOYEES: 1,100 Certified Law EnforcEment 226
Admi nistratve and Clerical 95
ELECTIONS:
Nov 7, 19M General Election: FIRE PROTECTION:
Number of Registered Voters 13,631 Number of stations 12
Number of Voters 6,123 Number of Employees No paid Employees
Percentage of Voter Turnout 44.9% Number of Employees 350
October 3, IcJB9, Second Primary: PUBLIC LIBRARIES:
Number of Registered Voters 13,507 Number of libraries 4
Number of Voters 5,772 Library Holdings 142,716
Percentage of Voter Turnout 42.7%
PARKS AND RECREATION:
Number of parks 8
Acreage 216.9
ROAD MILEAGE:
Paved streets: 331.2 miles
Unpaved streets: 1211.3 miles
Source: Monroe County Supervisor of Elections
Monroe County School Board
Monroe County Sheriff's Department
139
KEMP F3 GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. 0. BOX /539
KEY WEST, FLORIDA 33041'1529 MEMBER OF AMERICAN INSTITUTE
vvW 0. KE/NP, C.P.A. (305) 394-3581 AND FLORIDA INSTITUTE OF
AxARvA E. GREEN' C.P.A. FAX # (305) 394'4778 CERTIFIED PUBLIC ACCOUNTANTS
Board of County Commissioners
1,1onroe County, Florida
We have audited the general purpose financial statements of Monroe County,
Florida (the "County") for the year ended September 30, 1989, and have issued
our report thereon dated February 28, 1990~ These financial statements and the
supplemental schedules discussed below are the responsibility of the Counfy's
management. Our responsibility is to express an opinion on these general purpose
financial statements based on our audit.
We conducted our audit of the general purpose financial statements in accordance
with generally accepted auditing standards and Government Auditi,n2 ItandIrlds,
issued by the Comptroller General of the United Stafes° Those standards 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 financial statement presentation .
We believe that our audit provides a reasonable basis for our opinion .
Our audit was made for the purpose of forming on opinion on the general purpose
financial statements taken as a who|e~ The accompanying Schedules of Federal
and State Financial Assistance for the year ended September 30, 1989 are pre-
sented for purposes of additional analysis and are not a required part of the
general purpose financial statements. Such schedules have been subjected to the
auditing procedures applied in our audit of the general purpose financial state-
ments and, in our opinion , are fairly stated in all material respects when con-
sidered in relation to the general purpose financial statements taken as a who|e.
Kemp & Green , P.A.
Certified Public Accountants
February 28, 1990
140
MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL
FOR THE YEAR ENDED SEPTEMBER 30, 1989
Federal Grantor/Pass-Through Grantor Federal
Program Title F r Grant ID Number
Department riculur
-------------------------
Direct Program:
Division of Forestry Grant 10. 87 -001
Division of Forestry Grant 10. LB-760
Passed through State Department of
Health and Rehabilitative Services:
Food Distribution 19a8 10.5 LB-760
Total Department
National Oceanic and Atmospheric
Administr ion
---------------------------------
Passed through a rt nt of
Environmental Regulation:
Beach Access 11.419 CM236
Total Department
Department of Health and Human Services
---------------------------------------
Passed through State Department of
Health and Rehabilitative Services
and Dade & MonroeCounties Area
Agency on Aging:
Transportation 111-B 19a8 1 .633 -1 7
Transportation 111-B 1989 13.633 KG851
Nutrition C-1 1987 13.635 87-2-878
Nutrition C-1 19a8 1 .65 -2-878
Nutrition C-I 1989 1 .65 KG851
Nutrition C-II 1988 13.635 -3-878
Nutrition C-II 1989 13.635 KG851
Homemakers 111-D 19a8 13.641 a8-8-a87
Homemakers 111-D 1989 13.641 KG851
Passed through State Department of
Community Affairs:
Community Services Block Grant Grace Jones 13.792 89SB-54-11-54-01-055
Community Services Trust Fund/MARC House 13.792 S -79-11-54-01-070
Total Department
11
Matching
Contributions
Balances Cash Miscellaneous Balances
October 1, 1988 Receipts Revenues Expenditures Refunds September 30, 1989
f 2,011 S 2,011 -- -- -- -
-- 2,100 4, 04 6,404 - -
-- -- -- --
--------------- ------------ ----------------- -------------- ------------ ------------------
5,0 7,175 4,304 6,404 -- -
--------------- ------------ ----------------- -------------- ------------ ------------------
-- -- -- 5,400 35,400
--------------- ------------ ----------------- -------------- ------------ ------------------
- -- -- 5,400 35,400
--------------- ------------ ----------------- -------------- ------------ ------------------
,12 5,410 9,278 41,559 -- --
- 106,126 24,490 121,62 -- (8,993)
(2 ) -- -- 2 -- --
7,921 45,895 28,584 66,558 -
-- 7,477 47,373 139,672 -- 4,822
8,133 15,563 11,845 19,275 -- -
- 53,605 25,950 82, 7 3,282
14,946 1,661 16,607 - -
10,29 1,167 10,348 -- (1,108)
-- ,242 3,242 -
3,241 3,241 - -- -- --
--------------- ------------ ----------------- -------------- ------------ ------------------
22,401 375,794 150, 48 501,744 -- (1,997)
--------------- ------------ ----------------- -------------- ------------ ------------------
(continued)
The notes to the financial statements are an integral part of these statements.
12
SCHEDULEMONROE COUNTY, FLORIDA
I I ASSISTANCE, CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1989
Federal Grantor/Pass-Through Grantor Federal
Program Title F r Grant ID Numb@r
Department of Housing end Urban Development
Direct Program:
Housing Authority - HUD Grant 14.174 85- G-12-0236
Housing Authority - HUD Grant 14.174 - G-12-0236
Housing Authority - HUD Grant 14.174R88-HG-12-0236
Passed through State Department of
Community Affairs:
Community Development Block Grant 14.219 D-12-11-54-01-H10
Total Department
Department of the Interior
--------------------------
Direct Program:
Traffic Enforcement Officer 15.612 14-16-0004- -915
Traffic Enforcement Officer 15.612 14-15-0004-89-920
Passed through State Department of
Natural Resources
Gig Pine Key Recreation DeveLopement 15.916 12-00291
Total Department
Department of Justice
..........................
Passed through State Department of
Community Affairs:
Clerk Information Systems 16.574 87CJ-7D-11-54-01-301
Clerk Information Systems CJIS-11 16.574 CJ-3E-11-54-01-303
Monroe County Jail Overcrowding 16.560 CJ-3E-11-54-01-205
Total Department
Department of Labor
...................
Passed through National Council on the Aging, Inc.:
Senior Community Service Project 1988 17.235 -7-0483-11-2 -02-12
Senior Community Service Project 1989 17.235 -8-0483-11-072-02-12
Senior Community Service Project 1990 17.235 -9-0483-11-028-02-12
Passed through South Florida
Employment and Training Consortium:
JTPA Intake EST 17.250 2-PY' -69-00
JTPA Intake EST 17.250 2-PY'89-09-00
Job Training Partnership Act 1988 17.250 2-PY'87-6-00
Job Training Partnership Act 1989 17.250 2-PY' -6-00
Job Training Partnership Act 1990 17.250 2-PY'89-42-00
13
Matching
Contributions
Balances Cash Miscellaneous Balances
October 1, 1988 Receipts Revenues Expenditures Refunds September 30, 1989
21,794 127,319 105,525 ®-
- 42,964 45,950 2,9
-- 46,797 37,818 (8,979)
(22,289) 208,227 1,745 242,180 9,919
--------------- --__ ------- _-----_----_ ---- -------------- ------------ ----------_-------
(45) 425, 07 1,745 431,473 3,926
--------------- ------------ ----------------- -------------- ------------ ------_----_-----_
-® 20,000 ®® 20,000 ®®
- 40,000 40,000 -- --
®- 31,496 32,784 ,280
--------------- ------------ ----------------- -------------- ------------ _--_------_------_
® 91,496 32,784 124,280
--------------- ------------ ----------------- -------------- ------------ --------_---_-----
3, 5,580 (1,696) -- ®-
277 107,078 3 ,242 145,043 -
30,980 59,831 12 ,248 152,099
--------------- ------------ ----------------- -------------- ------------ -_-------___------
5,141 172,489 159,794 297,142 - ®®
--------------- ------------ ----------------- -------------- ------------ ------------------
8, 03 8, 0 -_ -- ®®
22,057 151,738 129,681 _
18, 44 41,758 -- 2 ,414
7,61 36,154 28,46
,55 - 8,238 -- 1,703
17,820 52,559 34,739 -_ ®®
-- -- 2,447 -- 2,447
(continued)
The notes to the financial statements are an integral part of these statements.
144
MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE, CONTINUED
FOR THE YEAR ENDED SEPTEMBER 30, 1989
FederaL Grantor/Pass-Through Grantor FederaL
Program Title CFDA Number Grant 10 Number
D"rtment of Labor (continued)
...............................
Pass through South I'Lorida
Emptoyment and Training Consortium:
Monroe County Job Placement 1988 Title 11A 17.250 2-PY187-54-00
Monroe County Job Placement 1989 Title 11A 17.250 2-PY'88-54-00
Monroe County Job Placement 1990 Title 11A 17.250 2-PY'89-08-00
Summer Youth Emptoyment 89-5-18-01
SFETC-Title I 1-PY189-15-00
Total Department
Department of Transportation
...........................
Direct Program.
Marathon AIP-06 Noise Study 20.106 3-12-0044-06
Marathon AIP-07 Beacon & Tower 20.106 3-12-0044-07
Marathon AIP-07 East Apron 20.106 3-12-0044-07
Marathon AIP-07 West Apron 20.106 3-12-0044-07
Marathon AIP-07 Safety Overrun 20.106 3-12-0044-07
Marathon AIP-04 Master Plan 20.106 3-12-0044-04
Key West AIP-03 Noise Study 20.106 3-12-0037-03
Key West AIP-02 Master Plan 20.106 3-12-0037-02
Key West AIP-04 Apron Expansion 20.106 3-12-0037-04
Key West AIP-05 CFR Equipment 20.106 3-12-0037-05
Key West AIP-05 Security Gate 20.106 3-12-0037-05
Key West AIP-05 Restrooms 20.106 3-12-0037-05
Total Department
FederaL Emergency Management Agency
...................................
Passed through State Department of
Community Affairs:
Civil Defense Emergency Management 83.503 89-EM-16-11-54-10-039
RadioLogicaL Emergency Preparedness 1988 83.505 aB-EM-06-11-54-10-002
RaclioLogicaL Emergency Preparedness 1989 83.505 89-EM-31-11-54-10-002
Total Department
Department of Education
.......................
Passed through State Department of
State-
Library/Literacy 1988 84.167
Library Service Through Technology 84.167
Total Department
145
Matching
Contributions
stances Cash MisceLLaneous BaLances
October 1, 1988 Receiptsv n s Expenditures Refunds September 30, 1989
,246 2,246 -- -- --
185 30,155 12,046 (17,924)
, 72 -- 6,909 3,57
17,840 - 19,559 -- 1,719
-- 3,801 3,801
--------------- ------------ ----------------- -------------- ------------ ------------------
58,970 327,914 - 287,641 -- 18,697
_______________ ------------ ----------------- -------------- ------------ __-___---____-_--_
55,183 63,422 3,135 31,353 19,979
- -- 541 5,413 4, 72
- -- 247 2,467 -- 2,220
-- 268,135 36,501 365,014 -- 60, 7
-- 8,807 20,576 205,758 -- 146,375
-- ,496 388 3,884 --
55,615 65,443 2,735 27,350 -- 14,77
19,001 -- 150 1,500 - 20, 51
- 1,42,787 160,387 1,603,868 10,694
- -- 1,660 16,597 -- 14,97
-- -- 1,925 7,700 -- 5,775
- 14,955 14,995 149,950 -- --
--------------- ------------ ----------------- -------------- ------------ ------------------
129,7 2,007,045 24 ,240 2,420, 54 300,368
--------------- ------------ ----------------- -------------- ------------ ------------------
- 22,446 - 2 ,446 --
(8,405) -- - -- 8,405
100,759 - 78,307 -- (22,452)
--------------- ------------ ----------------- -------------- ------------ ------------------
(8,405) 12 ,205 -- 100,753 8,405 (22,452)
--------------- ------------ ----------------- -------------- ------------ ------------------
4, 04 4, 04
-- 6,556 - 6,556 -
--------------- ------------ ----------------- -------------- ------------ --____-_-_-__--_-_
4, 04 10,860 6,556 -- -
--------------- ------------ ----------------- -------------- ------------ ------------------
(continued)
The notes to the financial statements are an integral part of these statements.
16
ASSISTANCE,MONROE COUNTY, FLORIDA
SCHEDULE OF FEDERAL FINANCIAL
CONTINUED
FOR THE YEAR ENDED SEPTEMBER , 1989
FecleraL Grantor/Pass-Through Grantor Federal
Program Title CFDA Number Grant ZD Number
Department of Treasury
-----------------------
Direct Program:
FecleraL Revenue sharing:
Entitlement #17 21.300 10-1-044-044
Total Department
Total FecleraL Financial Assistance
147
Matching
contributions and
Balances Cash Miscellaneous Balances
October 1, 1988 Receipts Revenues Expenditures Refunds September 30, 1989
(90,470) 10,108 (100,578)
--------------- ------------ ----------------- -------------- ------------ ------------------
(90,470) 10,108 (100,578)
--------------- ------------ ----------------- -------------- ------------ ------------------
$ 156,320 S 3,541,285 S 602,323 S 4,212,247 S 8,405 S 233,364
The notes to the financial statements are an integral part of these statements.
148
MONROE COUNTY, FLORIDA
SCHEDULE OF STATE FINANCIALASSISTANCE
FOR THE YEAR ENDED SEPTEMBER 30, 1989
FederaL Grantor/Pass-Through Grantor
Program Title Grant ID Number
FloridaDepartment of Health and
................................
Rehabilitative Services
.......................
Direct Program:
Community Care for Disabled Adults 14 G-707
Community Care for Disabled Adults 1989 KG-812
Community Care for Disabled Adults 1990 KG-049
Community Care for Disabled Adults, Meals 19a8 KG-706
Emergency ical Service Trust LC-855
EMS County Award 19a8 LCDJ
EMS Matching Grant LCCF
EMS Matching Grant LP33
Pass through Dade & Monroe Counties
Area Agency on Aging:
Community Care for Elderly 14 -5-878
Community Care for Elderly 1989 G-852g 89-5-878
Community Care for Elderly 1990 KG052
Total Department
Florida Department of Low Enforcement
.....................................
Direct Program:
State Crime Lab
Medical Examiner 1989 -
Total Department
Florida Department of Community Affairs
---------------------------------------
Direct Program:
Solid Waste Study 87S -40-11-54-01-016
Land Use Plan Implementation 7S -40-11-54-01-003
Habitat Conservation Plan-North Key Largo SP-23-11-54-01-010
Clerk of Circuit Court-CJIS Maintenance -
Clerk Information Systems CJIS-11 CJ-3E-11-54-01-303
Clerk Information System 07CJ-7S-11-54-01-301
State Court Grant In Aid
Land Aquistion Program 87SR-40-11-54-01-017
Land Aquistion Program SP-36-11-54-20-001
FL Hazardous Materials Emergency Repsonse 134E -26-11-54-22-030
Total Department
19
Matching
Contributions end
Balances Cash Miscellaneous Balances
October 1, 1988 Receipts Reyenues Expenditures Refunds September 30, 1989
S 23 S 23 S S -- $
22,774 114,194 13,709 104,355 (774)
9,402 3,598 31,115 18,115
30 30 --
(571) -- (571)
(735) ®_ -- (735)
61,519 49,057 110,576
117,928 84,247 144,037 (58,138)
29,566 29,566 --
(15,300) 343,726 33,026 434,313 42,261
168,243 23,278 145,329 (46,192)
--------------- ------------ ----------------- ------------ ------------ ------------------
35,787 844,631 206,915 969,725 (46,034)
--------------- ------------ ----------------- ------------ ------------ _________-______--
22,2 22,236
9,849 9,849
--------------- ------------ ----------------- ------------ ------------ ------------------
32,085 32,085
--------------- ------------ ----------------- ------------ ------------ ------------------
184,995 -- 184,995
(40,995) 99,000 170,778 30,783
45,000 45,000
5,040 5,040
-- 86 -- (86)
4,031 30,459 -- (34,490)
(128) -- 128
(250,000) 698,629 948,629
4,935,006 2,140,304 (2,794,702)
6,101 6,101
--------------- ______-___®_ ----------------- ------------ ------------ ------------------
(106,128) 5,792,807 30,545 3,315,980 (2,613,500)
--------------- ------------ ----------------- ------------ ------------ _-________--------
(cantina )
The notes to the financial statements are an integral part of these statements.
150
ASSISTANCE,MONROE COUNTY, FLORIDA
SCHEDULE OF STATE FINANCIAL
CONTINUED
FOR THE YEAR ENDED SEPTEMBER , 1989
Federal Grantor/Pass-Through Grantor
Program Title Grant ID Number
Department of Natural Resources
...............................
Direct Program:
Lower Keys Reef Moorings C4719
SummerLand Key & Kemp Channel C5687
Cow Key & Lakes Channel Marker Repairs C520
Key Largo Bibb & Duane Artificial Reef C5085
Simonton Street Boaters Park C5072
Big Pine Shoal Modular Artificial Reef C4772
Tavernier Creek C5566
Total Department
Florida Department of State
...........................
Direct Program:
State Aid to Libraries -
Total Department
Florida Department of Environmental Regulation
..............................................
Direct Program:
Used Oil Recycling U5
Waste Tire Solid Waste WT89-33 Waste & Recycling RE9-42
Total Department
Florida Department of Transparation
----------------------------------------------
Direct Program:
Key West AIP-02 Master Plan -
ey West AIP-03 Noise St -
ey West ARP-04 Apron Expansion -
Key West AIP-05 Terminal Restrooms -
Key West IP-05 CFR Equipment -
Key West AIP-06 Beacon Tower -
arath AIP-04 Master Plan -
arath AIP Noise St -
Marath AIP-07 Beacon $ Tower -
arath AIP-07 East Apr -
arath AIP-07 West Apron -
arath AIP-07 Safety Overrun -
arathon AIP-08 Safety Fence Gates -
Total Department
Total State Financial Assistance
151
Matching
Contributions
Balances Cash Miscettaneous Balances
October 1, 1988 ReceiptsRevenues itur Refunds September 0, 1989
22,720 -- 22,720 --
-_ -® 17,267 -- 17,267
6,402 6,402 ®® __ -_
20,000 20,000 - -- ®-
50,000 100,000 50,000 - -
18,173 18,1 ®® _- - _-
® -- -- 4,124 -® 4,124
_______________ ------------ ----------------- ------------ ____________ ____-__--_--______
94,575 167,295 -® 94,111 -- 21,391
_______________ ------------ ----------------- ------------ ------------ -_______-_-______-
63,6 63,6
_______________ ------------ ----------------- ------------ ------------ ____--____________
63,6 - 63,6
_______________ ------------ ----------------- ------------ ------------ __________________
5,000 - -- (5,000)
- 3,770 ®® 3,770
- 138,572 -- 83,269 - (55,303)
--------------- ------------ ----------------- ------------ ------------ ________-__------_
- 147,342 -- 87,039 - ( 0,303)
_______________ ------------ ----------------- ------------ ------------ __________________
- -- -- 3,437 3,437
3,090 - 1,367 2,735 4,458
®® 0,193 160,37 80,194
7,497 14,995 7,498
®® 1,162 1,660 498
-- 5,525 5,525 -
- 194 388 -- 194
-- 1,568 3,135 1,567
-- 325 541 216
®® 173 247 - 74
®® 18,251 36,501 18,250
-® 14,403 20,576 6,173
-- 12,060 12,060--------------- ------------ ----------------- ------------ ------------ _--__--_-_________
3,090 142,718 262,187 122,559
_______________ ------------ _________________ ------------ ------------ __________________
S 27,324 S 7,047,839 S 38 ,178 S 4,824,8 S S (2,575,887)
The notes to the fine gal statements are an integral part of these statements.
152
MUNROE 0]UNTY FLOR|DA
NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE
SEPTEMBER 30 1989
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies and the presentation of the Single Audit report of
Hcmroe County, Florida have been designed to conform to generally accepted
accounting principles as applicable to governmental units, including the
reporting and compliance requirements of the Single Audit Act of 1984 and
Office of Management and Budget Circular A-128° "Audits of State and Local
Governments" (A-128) "
Reporting Ent
if ~ The Single Audit Act of 1984 and A-128 set
forth the audit and reporting requirements for federal financial
assistance. The County has included schedules of both federal and
state financial assistance in the Single Audit section . Financial
assistance received directly from the Sfefa of Florida is included
to satisfy the audit requirements of the State of Florida grantor
agencies.
Basis of Aoco fi - 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 measure-
merit focus applied .
The modified accrual basis of accounting is followed in the
Schedules of Federal and 6fofe Financial Assistance. Under the
modified accrual bosis of accounting, revenues are recognized in
the accounting period in which they become both measurable and
available to finance expenditures of the current period.
Available means collectible within the current period or soon
enough thereafter to be used to pay liabilities of the current
period. Expenditures are recorded when the related liability is
incurred. In applying the susceptible-to-accrual concept to
intergovernmental revenues, the legal and contractual requirements
of the numerous individual programs are used as guidance. There
arc-, 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 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.
153
M0NR0E COUNTY FLDR|DA
NOTES TO SCHEDULES OF FEDERAL AND STATE FINANCIAL ASSISTANCE
SEPTEMBER 30 1989
NOTE 2 - CONTINGENCIES
Grant mon �es received and disbursed by the County are for specifio purposes
and are subject to review by the grantor agencies. Such audits may result
in requests for reimbursement due to disallowed expenditures. Rased upon
prior experience, the County does not believe that such disallowances, if
any, would have a material effect on the financial position of the County.
As of February 28^ 1990 there were no material questioned or disallowed
costs as a result of grant audits in process or completed.
154
KEMP F_� GREEN, P.A.
Certified Public Aooxntxnts
1438 KENNEDY DRIVE
P� O. BOX 1529
KEY VvE3T' FLORIDA 33041'1529 N\BNGER OF AMER|CAN INSTITUTE
vmm. 0. KBMP, C.P.A. (305) 2942581 AND FLORIDA INSTITUTE OF
xAARVA E. GREEN' [P.A. FAX # (305) 294'4778 CERTIFIED PUBLIC ACCOUNTANTS
Board of County Comm iss|oners
Monroe County, Florida
We have applied procedures to test Monroe County, Florida' s compliance with the
following requirements applicable to each of its major federal financial
assistance programs* which are identified in the schedule of federal financial
assistance, for the year ended September 38, 1989:
° Political activity
° Davis-Bacon Act
. Civil rights
~ Cash management
. Re| 000ficm assistance and real property acquisition
. Federal financial reports
Our procedures were limited to the applicable procedures described in Office of
Management and Budget's Com | | _ Supplement for SiU le—Audits of State and
LuCo | Governments. Our procedures were substantially less in scope than an
audit, the objective of which is the expression of an opinion on the Counfyvs
compliance with the requirements listed in the preceding paragraph. Accordingly,
we do riot 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 first
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.
This report is intended solely for the information of the Board of County
Commissioners, management and others within the County, and officials of appli-
cable federal and state agencies. This restriction is not intended to limit the
distribution of this report, which is a matter of public record.
�
�~�
�
y'
Kemp & Green' P.A.
Certified Public Accountants
February 28' 1990
155
KEMP & GREEN' P.A.
Certified Public Accountants
1438 KENNEQY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 33041'1529 88BW8ER OF A88ERICAN INSTITUTE
vVM� 0. KBW� C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF
N\ARVA E. GREEN, [P.A, FAX # (305) 294'4778 CERTIFIED PUBLIC ACCOUNTANTS
Board of County Commissioners
Monroe County, Florida
We have audited Monroe County, Florida's compliance with the requirements
governing types of services allowed or una | |owod; eligibility; matching, level of
offm-f or earmarking; reporting; claims for advances and reimbursements; and
amounts claimed or used for matching that are applicable to each of its major
federal financial assistance programs, which are identified in the schedule of
federal financial assistance, for the year ended September 30, 1989. The manage-
ment of the County is respo:nsib10 for the Counfy's comp | lance with those require-
ments. Our responsibility is to express an opinion on compliance with those
requirements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards,
Government Auditinq Standards, issued by the Comptroller General of the United
States, and OMB Circular A-128, "Audits of State and Local Governments." Those
standards and OMB Circular A-128 require that we plan and perform the audit to
obtain reasonable assurance about whether material noncompliance with the
requirements referred to above occurred . An audit includes examining, on a test
basis, evidence about the Counfy' s compliance with those requirements. We
bai |eva that our audit provides a reasonable basis for our opinion .
In our opinion , the County complied, in all material respects, with the require-
ments governing types of services al lowed or una | |owed; e\ ig\ bi | ify; matching,
level of effort or earmarking; reporting; claims for advances and reimbursements;
and amounts claimed or used for matching that are applicable to each of its major
federal financial assistance programs for the year ended September 30, 1989.
In connection with our audit of the 19,99 general purpose financial statements of
the County and with our study and evo | uaf\cm of the Counfyrs infernal control
systems 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 and state financial assistance programs for the year ended September 30,
1989. As required by OMB Circular A-128, we have performed auditing procedures
to test compliance with the requirements governing types of services allowed or
unu | |owad and eligibility that are applicable to those transactions. Our proce-
dures were substantially less in scope than on audit, the objective of which is
the expression of an opinion on the Counfy's compliance with these requirements.
Accordingly, we do not express such an opinion .
156
With respect to the items tested, the results of those procedures disclosed no
instances of noncompliance with the requirements listed in the preceding
paragraph. With respect to items not tested, nothing came to our attention that
ouased us to believe that the County had not complied, in al material respects,
with those requirements.
This report is intended for the information of the Board of County Commissioners�
management and others within the County and officials of applicable federal and
state agencies. This restriction is not intended to limit the distribution of
this report, which is a matter of public record.
/ PA-
Kemp
Kemp & Green , P.A.
Certified Public Accountants
February 28^ 1990
157
KEMP Zd GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. 0. BOX 1529
KEY WEST, FLORIDA 33041'1529 MEMBER OF AMERI[AN INSTITUTE
',VM. 0. KE88p' C,P.x. (305) 294'2581 AND FLORIDA INSTITUTE OF
N\AQVA E. GREEN, [.PA� FAX # (305) 294'4778 CERTIFIED PUBLIC ACCOUNTANTS
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^ 1989 and have
issued our report thereon dated February 28^ 1990. As part of our audit, we made
a study and evaluation of the internal control systems, including applicable
internal administrative controls, used in administering federal financial
assistance programs to the extent we considered necessary to evaluate the systems
as required by generally accepted auditing standards, Government 8 difin
Standards, issued by the Comptroller General of the United States, the Single
------ --- of 1984^ and the provisions of Office of Management and Budget Circular
A-123, "Audits of State and Local Governments." For the purpose of this report,
we have classified the significant internal accounting and administrative
controls used in administering federal financial assistance programs in the
fo| |owin] categories:
Cycles-of the .frif 's Activity
. Treasury/Financing
. Rev*nue/Reoe\ pfs
. Purchasas/Disbursemenfs
. External Financial Reporting
Controls Used in Administerinq Individual Federal
�����-��_ ��������������
Fin�noia | Assisfanco Pro r
�rz�ra/m�_
General Requirements
u , L
. Political activity
. Davis-Bacon Act
. Civil rights
. Cash management
. Relocation assistance and real property acquisition
. Federal financial reports
Specific Requirements
. Types of services
. Eligibility
. Nafching level of effort
^ Reporting
. Cost o | |ooatioo
. Special requirements, if any
. Monitoring subreoip|ents
158
The management of the County is responsible for establishing and maintaining the
internal control systems used in administering federal financial assistance
programs. In fulfilling that responsibility, estimates and judgements by manage-
ment are required to assess the expected benefits and related costs of ocmfro|
procedures. The objectives of internal control systems used in administering
federal financial assistance programs are to provide management with reasonable,
but not absolute, assurance that, with respect to federal financial assistance
programs, resource use is consistent with laws, regulations, and policies;
resources are safeguarded against *osfa, loss, and misuse; and reliable data are
obtained , maintained and fairly disclosed in reports.
Because of inherent limitations in any system of internal accounting and admin-
istrative controls used in administering federal financial assistance programs,
errors or irregularities may nevertheless occur and not be detected. Also, pro-
jection of any evaluation of the systems to future periods is subject to the risk
that procedures may become inadequate because of changes in conditions or that
the degree of compliance with the procedures may deteriorate.
Our study included all of the applicable control categories listed above. During
the year ended September 30, 1989 the County expended 61 percent of its fofo|
federal financial assistance under major federal financial assistance programs.
Withrespect to internal control systems used in administering major federal
financial assistance programs, our study and evaluation included considering the
types of errors and irregularities that could occur , determining the internal
control procedures that should prevent or detect such errors and irregularities,
determining whether the necessary procedures are prescribed and are being
followed satisfactorily, and evaluating any weaknesses.
With respect to the internal control systems used solely in administering the
nonmajor federal financial assistance programs of the County, our study and eval-
uation was limited to a preliminary review of the systems to obtain on
understanding of the control environment and the flow of transactions through the
accounting system. Our study and evaluation of the internal control systems used
solely in administering the nonmajor federal financial assistance programs of the
County did not extend beyond this preliminary review phase.
Our study and evaluation was more limited than would be necessary to express an
opinion on the internal control systems used in administering the federal finan-
cial assistance programs of the County. Accordingly, we do not express on opinion
on the internal control systems used in administering the federal financial
assistance programs of the County. Further , we do not express on opinion on the
internal control systems used in administering the major federal assistance
programs of the County.
159
Also, our audit, made in accordance with the standards mentioned above* would not
necessarily disclose material weaknesses in the internal control systems used
solely in administering nommajor federal financial assistance programs.
However, our study and evaluation and our audit disclosed no condition that we
believe to be a material weakness in relation to a federal financial assistance
program of Monroe County, Florida.
This report is intended for the information of the Board of County Commissioners
management, and others within the County and officials of applicable federal and
state agencies~ This restriction is not intended to limit the distribution of
this report, which is a matter of public record.
Kemp & Green , P.A.
Certified Public Accountants
February 28, 1990
160
MONROE COUNTY, FLORIDA
SCHEDULE OF FINDINGS AND QUESTIONEDCOSTS
FOR THE YEAR ENDED SEPTEMBER 30, 1989
During the course of our procedures to test compliance with the requirements
of federal financial assistance programs, we noted that appropriate action had
been taken to resolve the findings and questioned costs identified for the
year ended September 30, 1988.
There were no findings or questioned costs for the year ended September 30,
1989.
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