Fiscal Year 1970 ORVIS M. KEMP
COLORED PUBLIC ACCOUNTANT
615A UNITED STREET
KEY WEST, FLORIDA
CARD SOUND RRIDPF
MONROE COUNTY, FLORIDA
AUDIT REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1970
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ORVIS M. KEMP,C.P.P.
a
St
UTTER Of TRARORITTAL 1 .
MOM TO 111Nt11*IAL STATM M 2.
ttN101T A • Salons ion • kptrtbar 30, 1970 3.
O19001T 0 • Strtoaast of Ansa and trpsns
Ostator 1, 1909 to 0sptoNr 30, 1970 4.
tip1101T C a Melva, of Urals'
OatsNr I, 190, to tapts.4sr 30, 1970 S.
Mal: 0 + Analysis of finds
Gnaw I, 1909 to Sopt or 30, 1970 6.
ORVIS M. KEMP.C.P.A.
1
north 25. 1971
Mord of Casty Cesminiaws
nanrao Casty
Kay last. Florida
Mntiaeee
We hove antsi1M the talents Sheet of the Cad Sand
Midge as of September 1O. 1970 and the rotated Statement
of Meemrat amd 'spaatss ad Analysis of Surplus for tint
Pried Maher t, 1969 to Semenbor Jo, 1970. Our
emminsttam ens Hide in motorisation* generally accepted
editing staderds. and moserdlagly included suck tests
of Me aceountiaS records and all otter seditin procedures
that met eastldered necessary to the clrentstatoa.
In err a►lalsn. the esca parr,lag Selena sleet and
statements of rest aid surplus rent fairly the
flannels) position of Card tad 'ridge at September )4,
19$ and the MMus of its operations for the period then
ended. Is oonfe tty with generally accepted atsomtine
prieelptes.
respectfully submitted.
• /A. -/ -t
Orris N. Seep. C.P.A.
ORVIS M. KEMP. C.P.A.
2
MJES TO FINANCIAL STATD1ENTS
Note 1. Interest and Slalom Fut
Article ill, Section 3.04 (C) (2) (a) prim that on the
15th day of each meth In eesb fiscal year, an ant gnsl to
enrsixth (i/6) of the lowest which will mature and beams due
an said Rends on the ant Cana-anal Interest payment date shall
be deposited a an aecohet known as the "intemt Account". The
Nlaaa la this ascent en $.pteelrer 30, 1970 encesded the mount
required to pay the interest on the roves bends for the entire
ant fiscal year, siding September 30, 1971. Therefore. there
will be no transfers rewired to be mode to this hind durleg th.
entire fiscal year ending Saar SO, 1971 sine the balance
required to be maintained Is already In the accent.
f,MISEWIT-OPEMTIS
Article 111, Section 3.04 (A) states "That the County will fix,
establish, manteis end collect sesb tells er other charges -- end
revise the same from time to time whenever necessary, as will always
provide reaps sufficient to pay le sea year, as the sun shall
beams dui."
125Z of the learnt tamale, due en such Goods la such year
(125% of =149,500.00) $ 186,875.00
The annual Installment of principal required amortise the
principal of said Deeds at the maturity thereof I. accor-
dance with standard tiles of bend amortisation ($2,600.000.00
for 30 gars) 86.666.67
100% of the sestet operation and meiterance of such Midge
In so-0 our (9/30/76) 72.776.05
Reserve Account Transfer required for the year ($2.706.$
per month) 32.500.00
Nasal and Replacaent Fund Transfer required for the year
($i .250.00 per month) IS.oee.00
Total Anneal Tells required to be collected to comply with
land Resolution 511-1967 $ 393.777.n
Total Tolls collated during the Fiscal Tear ended
September 30, 1970 taa.8so.Te
Deficiency in Tells Collected f d3i aR7_e4
ORVIS M.KEMP.C.P.A.
3
eMM aS
JAMIUMUsalial
Jlid�L.il�t
iiliathS
to_ to
ASSETS
kii/a. Tall Pima, ats. $ Vat;MS
tan: %nerve for Ore stt#tiom -�-n
$ 1,765,065.18
T •
Interest *pi $i+ting Muni OM* t) I5 .$JO.61
a
Mess rad
Priv gait 10BAO
C om q ait • First Mutommt vet S
Myer Kers
of%mere, Urea Fend L
Operatim n1 Reserve fond tcv u
$ iy.601.61
aglian
ammertttad lad tisseat I.Thes)M
L6tS-76M_47
,tilt dS flDI .
*rid. Mesa Memo Slated lgtasSst I.
196J $ :.6116.800.00
I_-t MMUSu.s
daorwd Interest 4.450.33
—a
lapis {ldN►It "C") 3.3te_U}
MINT ww
OPVIB M. KEMP. C.P.A.
4
c_ saxs MIOOt
sraTtMO1T r acatrlt Ars t1lPtau
OXTOMU 1_ 10611 TO SMOMIt{R 10. ion
JIMMIE
Tolls mod 0eskap $ 200.10O.10
MUM
Salaries and Mops $ 31.0011.14
MI MI^. foods. (Sosiol Security d Prosloo) ).OSS.00
Iosenen sod Mods IS.MO. *
Laps Adwrtlsiee ood [spear* 1).s6
Cessssolotieas 1,091.00
Comisslsas. fees aid Casts 10.00
stiles Supplies 1.00t.%
0t er SfPllts 111.53
Mlottom a of Mlliips 60.)e
Ilslotwooe of Mttpeeot $t•-b
Melaeoo- -- of $mods 11.00
Utilities MSS)
Contracted Services 11,022.00
revise Apets fees 41).00
Capitol Imlay 100.00
Inmost Sat
San
sy tat fOOM OPOMTIO S $ (11.104.)5)
laterest famed os lens ets $ ).MIS
Profit es Sole of Uoestasots --LULU
gT LOSS FM 11t nails LAILIALSO
I10nmO1T "w
ORVIS M. KEMP.C.P.A.
5
UnI— Muss
MIMILSIMMLIMIUM
ulllrsts aF ISAWlf
5Tu t I. 1464 TO UMW SR IS. Ms
s&saSE M1/lu 1. t4G/ $ 61.71)4
AMA
let tons For The Ported $ l.fi/.tf
let slation
aW.ws
MAZE fIF1Mlw M. 1*7% LeaMA
ISSIRIT "C"
ORVIS M.KEMP.O.P.A.