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Report No. 07658, Monroe County 7658 I $ STATE OF FLORIDA OFFICE OP THE AUDITOR °ENRRA'. ;.off NE STATE'`-:. i• 00nwataJ ^44 MONROE COUNTY x** BOARD OF COUNTY COMMISSIONERS As of September 30, 1970 7658 STATE OF FLORIDA OFFICE OF THE AUDITOR GENERAL Report on Audit of the Accounts of MONROE COUNTY BOARD OF COUNTY COMMISSIONERS As of September 30, 1970 Dated: January 17, 1972 Ir STATE OF FLORIDA 0 OFFICE OF THE AUDITOR GENERAL �+OO ../0 ERNEST ELLIS0N,C.a A. Tallahassee, Florida AUDITOR GENERAL January 17, 1972 The Legislative Auditing Committee of the Legislature and the Governor of Florida Sirs: Pursuant to law, I have directed that an audit be made of the accounts and records of the BOARD OF COUNTY COMMISSIONERS MONROE COUNTY For the fiscal year ended September 30, 1970, and present this report thereon. Pursuant to the provisions of Section 11.45(4), Florida Statutes, an audit by this office of the accounts and records for the fiscal years ended September 30, 1968, and September 30, 1969, has been deferred. PERSONNEL The personnel of the Board was as follows: District No. John W. Parker 1 William A. Freeman, Jr. 2 Harry S. Pritchard 3 Gerald Saunders, Mayor 4 Harry Harris, Mayor Pro Tem 5 Earl H. Adams, Clerk and Auditor 1 SCOPE AND OPINION An examination of the accounts and records was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures considered necessary in the circumstances. General fixed assets, which were not included in the prior audit report, are shown in this report. The records are required to be kept in accordance with the uniform system of accounts prescribed by the State Department of Banking and Finance pursuant to Sections 128.01 and 129.01(2)(a), Florida Statutes. In my opinion, subject to the comments above, the attached financial statements present fairly the financial condition of the Board at September 30, 1970, and the results of its financial operations for the year then ended, in conformity with generally accepted governmental accounting principles applied on a basis consistent with that of the last audit report. FINANCIAL CONDITION The Board's financial condition at September 30, 1970, is shown on exhibit A. Sufficient funds were available for current operations and debt service. FINANCIAL OPERATIONS A review of financial operations indicated that the finances of the Board were fairly well managed. Temporarily idle funds were placed on interest bearing time deposits. Interest earned was not computed and credited quarterly as required by Section 136.04, Florida Statutes. The amount of interest received on time deposits during the audit period was $27,268.61. Financial transactions of several bond funds were administered by trustee banks in accordance with the terms of the related bond resolution. County financial records were maintained on the basis of debit and credit memos and/or statements provided by the trustee banks. Interest and profits on investment transactions by the trustee banks amounted to $23,247.33. Prenumbered receipts were issued for all collections of record and internal control procedures appeared adequate except for some instances in which receipts issued by the zoning department and some libraries were not reconciled with the related deposits. Chapter 63-1631, Special Acts of 1963, authorized the Board to grant garbage collection franchises and to receive a fee for granting the franchise rights. The Board had made several of these franchise grants for five-year periods at a fee of 3% of gross revenue. The Board also had in effect a 30-year cable television system franchise. This was granted in March 1965 for a $10 fee. Chapter 65-1916, Special Acts of 1965, authorized the Board to grant this type of franchise and ratified any agreements in this connection already entered into by the Board. 2 Improvements were made over collection procedures in connection with lease agreements. It was noted, however, that verification of gross revenue figures submitted by certain lessees at the airport and by holders of garbage collection franchises were not being made by the Board. Bonds were not required to be given to the Board by veterinarians for dog tags issued to them to ensure the return of the licenses and/or the remittances of money collected for their sale. Purchasing procedures were generally adequate, except competitive bids required by Chapter 59-1580, Special Acts of 1959, were not obtained for purchases of asphalt and cold mix totaling $3,402.19 and sign materials totaling $3,060.42. Although the individual purchases of these items did not exceed the amount required to be bid, they were items of regular use for which quantities needed could have been estimated and bids requested on the basis of unit prices (see Attorney General's Opinions Nos. 049-149 and 052-50, Biennial Reports, 1949-1950, page 171, and 1951-1952, page 226). Expenditures were generally well supported except in a few instances which were discussed with the Clerk of the Board. Board members were reimbursed for official travel as follows pursuant to Chapter 65-1180, Acts of 1965: 1. Ten cents per mile traveled regardless of the method of travel. 2. Per diem of $25 for any part of a day when travel was out of the county. Per diem of $1.50 for any part of a day when travel was within the county except for attending board meetings. Chapter 69-1314, Special Acts of 1969, authorized the creation of the Historical, Restoration, and Preservation Commission for Monroe County. Pursuant to this law, the Board made a lump-sum payment of $10,000 to the Commission. The Board also, during the audit period, paid $7,500 to the Guidance Clinic of the Florida Keys, Inc. , pursuant to Chapter 67-1728, Special Acts of 1967. An annual salary of $12,500 for the County Solicitor of the Criminal Court of Record was provided by Chapter 65-1104, Acts of 1965, and Chapter 70-492, Acts of 1970. The annual salary of assistant county solicitors was governed by Chapter 69-569, Acts of 1969, which provided $7,500 per annum, and by Chapter 70-492, Acts of 1970, effective June 24, 1970, which increased the amount to $9,500 per annum. During the fiscal year over- and underpayments were as follows: Underpaid Overpaid Nathan E. Eden $159.93 Manual W. James 221.71 Robert T. Feldman -83.35 The Board made payments to the County Solicitor for clerical and office expenses and to the Assistant County Solicitors for office expenses. These payments were made in accordance with the provisions of Chapters 65-1104, Acts of 1965, and 69-569, Acts of 1969. Authorization for the budgeting and direct payment by the Board of the cost of operating the County Solicitor's office was provided by Chapter 70-492, Acts of 1970, which became effective June 24, 1970. 3 The Board, on July 7, 1970, approved participation by Monroe County in the providing of matching funds for a Federal grant application to be made by the South Florida Everglades Area Planning Council. The county's portion of $415 was subsequently paid to the Council. Most of the minor road repairs and maintenance was done by county employees under the supervision of Board Member Harris. Major road work was done under contracts approved by the Board. Welfare operations of the Board were handled by one county employee. In some instances, payments made to food and drug stores for items furnished to welfare recipients were not adequately supported or documented in that the payment records did not always show the name of the individual receiving the drugs or did not include a signed receipt for groceries purchased. The liility d ri leased to the Keyrrance West rArt Band Historical on county Under theptermswh of cthe was lease the Society was required to pay for liability insurance. The lease with the District School Board mentioned in audit report No. 6958 was changed to provide for the county to carry all insurance on the building leased from the District School Board. The airport manager, a Board employee, collected parking meter and vending machine receipts. The total amounts collected of record were deposited in the appropriate county fund, and payments of amounts owed to lessees were subsequently made by the county warrants. Section 197.650, Florida Statutes, requires that foreclosure pro- ceedings on county tax certificates be instituted by the Board within ninety days after the certificates are certified by the Clerk. The Board had not foreclosed on eligible certificates dated 1943 through 1947, 1949, 1962, 1964, and 1967. Certificates over twenty years old are subject to cancellation (Section 197.625, Florida Statutes, and Attorney General's Opinion No. 059-348). A statement of revenue and expenditures for the fiscal year ended September 30, 1970, is shown on exhibit B. INTEREST AND SINKING FUNDS FOR CERTIFICATES OF INDEBTEDNESS OF 1965 As discussed in prior audit reports, the Citizens Bank and Trust Company, Sarasota, Florida, was designated by the Board as the depository for all the Interest and Sinking Funds and Accounts required for the debt service of the certificates of indebtedness of 1965. The Attorney General in his opinion No. 067-14, dated March 13, 1967, advised that trust monies or special tax monies collected for and pledged to the payment of bonded indebtedness are not to be deemed county funds within the purview of Chapter 136, Florida Statutes, and the deposit and investment of trust funds shall be in accordance with and governed by the resolutions, the validating decree of the court, and other documents and instruments making up and constituting the bond contract with the bondholders. 4 A total of $106,284.15 was deposited with the Sarasota bank during the audit period. The bank placed this amount in the sinking fund account of the trust funds. According to the terms of the certificates resolution, $27,469.07 of these deposits should have been credited to either the reserve account or the redemption account. Agreements were on file between the Board and the bank regarding the amount of the fees to be paid for the bank's services. A summary of the transactions during the audit period for the trust funds held by the Citizens Bank and Trust Company, Sarasota, is as follows: Cash Balances, October 1, 1969 $183,901.38 Receipts: Taxes and Tax Redemptions $106,284.15 Interest and Profit on Investments 8,133.62 114,417.77 • Total Available $298,319.15 Expenditures: Principal and Interest on Certificates $ 78,812.50 Bank Fees 79.95 Loss on Sale of Investments 22.67 Miscellaneous 19.53 78,934.65 Cash Balances, September 30, 1970 $211,384.50 CARD SOUND BRIDGE REVENUE BONDS The Card Sound Bridge Revenue Bonds discussed in audit report No. 6958 were sold on April 30, 1968. Information relating to this issue is shown below: Amount Authorized and Issued $2,600,000 Sold to Goodbody and Co. Financial Advisor Goodbody and Co. Best Bid Yes Purpose Construction of a Bridge Across Card Sound in the Northern Part of Key Largo Authority Resolution No. 54A-1967 Date of Issue September 1, 1967 Date of Sale April 30, 1968 Date of Delivery May 15, 1968 Denomination $5,000 Maturities September 1, 1997 Callable All Subject to Redemption on September 1, 1977 or Thereafter 5 Interest Rate, $ 5 3/4 Proceeds from Sale: Par Value $7,600,000.00 Discount -76,570.00 Accrued Interest 30,730.44 Total $2,554,160.44 Cost Incurred: Financial Consultants $52,000 Resolution No. 31-1968, passed April 30, 1968, amended the original agreements with the financial consultant whereby Goodbody and Co. agreed to handle all necessary expenses involved in bringing the bonds to sale for a fee of 2% of the par value of the bonds actually sold. Construction of the bridge was completed at a total cost to the county of $2,204,497.09, and it was opened for traffic in July 1969. Procedures established to account for toll receipts and ticket sales appeared to be adequate. Collections of record were properly deposited intact daily and were compared and reconciled with automatic transaction and axle counts by the manager. In some cases, books of tickets were mailed to private parties prior to payment being received. This is apparently in violation of Article VII, Section 10, of the State Constitution. Interest payments were current at September 30, 1970. However, sufficient tolls were not collected during the fiscal year 1969-70 to provide the revenues required by the bond resolution, as shown by the following tabulation: Total Tolls Required to be Collected to Comply with the Bond Resolution $393,777.72 Total Tolls Collected 200,890.70 Deficiency in Tolle Collected $192,887.02 BUDGETS Budgets were properly prepared and usually properly amended. One budget appropriation item in the Law Library Fund was overspent, which is in violation of Section 129.07, Florida Statutes. A summary of budgets is shown on exhibit C. TAXES Millages and taxes levied on the 1968 and 1969 general tax rolls were as follows: s 1 9 6 8 1 9 6 9 Mills Amount Mills Amount (1) (1) Board of County Commissioners: General Fund 3.418 $1,037,967.02 3.793 $1,190,676.58 Fine and Forfeiture Fund .990 300,639.95 2.110 662,358.98 Road and Bridge Fund .481 150,992.73 Bond Interest and Sinking Funds: Substation Bonds .026 7,895.60 .020 6,278.28 Certificates of Indebtedness of 1965 .349 105,983.18 .349 109,556.06 District School Board 8.990 2,730,053.70 10.700 3,358,882.01 Health Unit .200 60,735.34 .230 72,200.27 Anti-Mosquito District 1.000 303,676.72 1.000 313,914.21 Monroe General Hospital .750 227,757.54 .750 235,435.65 Lower Keys Hospital District 188,592.97 194,862.22 Central and Southern Florida Flood Control District 2,411.70 3,403.21 Penalties and Breakage 1,433.09 _ 2,920.20 Total 15.723 $4,967,146.81 19.433 $6,301,480.40 Note: (1) Only county-wide millages are shown. INSURANCE An insurance register was maintained. The Board's insurance coverage included public property liability, fire and extended coverage, money and securities, public employees bonds, automobile comprehensive and liability, workmen's compensation, and group employees health insurance. Section 219.02(3), Florida Statutes, requires the Board to provide adequate insurance for all county offices. Although the policies did not specifically list each county office, it was stated by the insurance agent that the money and securities and public employees bonds coverages did include all county offices. The $1,000 bond required by Chapter 63-1637, Special Acts of 1963, was not on file for the dog impounding officer. ADVERTISING AND PUBLICITY Chapter 65-1938, Special Acts of 1965, authorizes the Board to levy taxes not to exceed one mill for use by the Monroe County Advertising Com- mission for advertising and giving publicity to the advantages, facilities, and productions of the cities, towns, and adjacent territories within the county. This Act: a. Prohibits the funds so raised pursuant to this Act from being expended for executive or secretarial salaries or wages of members or employees of the advertising commission. 7 b. Authorizes the Advertising Commission to contract with any duly licensed advertising agency for advertising purposes. c. Allocates $5,000 each year to the Board of County Commissioners to be expended at its discretion for the entertainment of individuals and/or groups that it determines is appropriate and advantageous to the county. d. Authorizes the Advertising Commission, under certain conditions, to make expenditures to chambers of commerce for advertising purposes not including entertainment or salaries. It appeared that the expenditures for advertising and publicity, totaling $100,197.18, were made in accordance with the law except bids for printing were not requested. In several instances, payments in excess of $1,000 were made for the printing of various brochures. These payments, totaling $16,184.97, were made without the benefit of competitive bids. Although Chapter 65-1938, Special Acts of 1965, states that the Commission "may engage in such advertising within the limits of the funds appropriated for advertising as said advertising commission may deem appropriate," public policy requires that expenditures of public funds must be made on the basis of competitive bids whenever possible. RECORDS AND INTERNAL CONTROL Records were generally well kept on forms prescribed for the uniform system of accounts. Several instances were noted where receipts and expenditures were posted to wrong accounts. The minutes, with the exception of a few minor errors noted which were brought to the Clerk's attention, were complete, properly signed, indexed, and appeared to contain all the official actions of the Board. Salaries were paid semi-monthly and were properly processed by use of a separate payroll bank account. Time and leave records were kept for all employees. Improvements were noted regarding records kept of tangible personal property; however, several exceptions to Chapter 274, Florida Statutes, and regulations issued pursuant thereto were still evident. Master control cards were not adequately kept. Amounts reported to the State Department of Banking and Finance for September 30, 1970, did not reflect transactions of the last three months of the audit period. In some instances, the locations shown were not current and some items were not tagged. Instances were noted where inven- tories of some items were not taken annually and once upon the change of custodians. The property tags used were not of a permanent nature. Some equipment purchased, or donated to the Board, was not posted to the property records. The following items were not located for audit verification: B Item Property Number Cost Wheelchair 241-146 jl 4$ 84.60 Typewriter 241-215 `- 212.50 Air Compressor-7/% i / 672-14 - 35.00 Sweeper W/Brush I)`//4/771 422-42 `4 62.67 1 85 ��1/ Transmitter 422A-1 415. M/ d «; J: Inventory records were not used to control and account for materials and supplies. It was stated by the Clerk that the Board did not maintain any large supply of these items. Final disposition and use of materials and supplies purchased could generally be determined from information on the invoices and the daily work reports. It. was again discussed with the Clerk that the daily work reports from a few locations needed improvement to properly account for the materials and supplies used at the locations and that a system to periodically check the reports should be established. Some improvements were still needed in the records kept by the building and zoning office to properly show how the different types of fees collected were determined. Improvements were noted in records kept of motor vehicle registra- tions and permanent license plates. Witness payrolls paid by the Board were correctly certified. Social security checks received by persons living in the County Home were properly handled by processing the transactions through the Board's regular accounts. COMPENSATION The Board members were correctly paid compensation in the amount of $6,000 each for 1969-70, pursuant to Chapter 145, Florida Statutes; however, group insurance premiums authorized by Chapter 63-1635, Special Acts of 1963, were paid for each Board member. In opinions Nos. 071-121 and 071-157 the Attorney General ruled such premium payments to be additional compensation for county officers, and that special or population acts existing on July 1, 1969, and authorizing such payments were repealed by Section 145.131, Florida Statutes, 1969. The payments for group insurance premiums from July 1, 1969, to September 30, 1970, amounted to $138.47 for each Board member; therefore, this amount plus any subsequent payments of group insurance premiums should be recovered from each Board member. The Supervisor of Elections was likewise overpaid $138.47, the amount of group insurance premiums paid by the Board for the period from July 1, 1969, to September 30, 1970. 9 CAPITAL OUTLAY FUNDS There were no major capital outlay programs in existence during the audit period. The balances in the Capital Outlay Funds at September 30, 1970, consisted of the following and were earmarked for future capital outlay expenditures at the airport and bridge, respectively: Airport Development and Replacement Fund $ 9,944.54 Card Sound Bridge Renewal and Replacement Fund 12,757.20 Total $22,701.74 RETIREMENT AND SOCIAL SECURITY Retirement and social security contributions were deducted from the salaries of all eligible officials and employees and remitted to the proper agency. MONROE COUNTY LIBRARY The Board of County Commissioners levied taxes and paid the expenses for the operation and maintenance of the Monroe County Library as authorized by Chapter 150, Florida Statutes. The Library and its branches were operated under the administration of a separate board appointed by the Governor as provided by law. Certain fees were collected by the library which were deposited with the county. In some instances, funds were collected for book deposits which were administered only by the library. This audit covers only the revenue and expenditures for the library as shown on the county's records except for certain procedures and records noted during my review of the Board's records and property. Improvements were noted in the records and procedures at the library. Although prenumbered receipts were issued for collection of fines and lost books, additional internal controls were needed in that receipts issued were not always compared with deposits. 10 EXHIBITS AND SCHEDULE The following exhibits and schedule are attached to and form a part of this report: EXHIBIT - A Combined Balance Sheet. SCHEDULE 1-A Statement of Changes in Reserves and Fund Balances. EXHIBIT - B Statement of Revenue and Expenditures. EXHIBIT - C Summary of Budgets. Respectfully submitted, (Signed) Ernest Ellison, C.P.A. Auditor General Audit made by: (Signed) John A. Auner 11 EXHIBIT - A MONROE COUNTY BOARD OF COUNTY COMMISSIONERS COMBINED BALANCE SHEET September 30, 1g7o TOTAL ASSETS AND OTHER DEBITS Assets - Other than Fixed: Petty Cash Cash in Banks $ 100. 00 Investments 1,763, 258. 21 Loan Receivable 255, 046. 43 Fixed Assets: 50, 000. 00 Land Buildings and Other Improvements 1 , 829, 164. 00 Motor Vehicles 3, 435, 898. 13 Furniture and Other Equipment 310, 419. 79 Roads and Bridges 629, 942. 03 Other Debits: 4, 439, 814. 20 Amount Available for Debt Service 481, 209. 16 Amount to be Provided for Debt Service 8, 426, 040. 12 TOTAL $21 , 610.681. 07 LIABILITIES, RESERVES, AND FUND BALANCES Liabilities: Vouchers Payable $ 25, 115.89 Lease-purchase Contracts Payable 53, 845. 28 Bonds and Certificates Payable 4, 107, 000. 00 Interest Payable in Future Years 4, 746, 404. 00 Total Liabilities $ 8, 932, 365. 17 Reserves and Fund Balances: Reserve for Long-term Debt Service $ 481, 209. 16 Reserve for Future Capital Outlay 22, 701. 74 Investment in Fixed Assets 10, 635, 026. 15 Unappropriated Fund Balances 1, 539, 378. 85 Total Reserves and Fund Balances $12, 678, 315. 90 TOTAL $21,610,681 . 07 EXHIBIT - A 12 EXHIBIT .- A OPERATING INTEREST CAPITAL GENERAL FUNDED AND FUNDS AND SINNING OUTLAY FIXED DEFERRED DEBT FUNDS FUNDS ASSETS AND INTEREST $ 100. 00 $ $ $ $ 1 , 514, 394. 74 238, 163.30 10, 701. 17 243, 045. 86 12. 000. 57 50, 000. 00 1 , 824, 154. 00 3, 435, 896. 13 310, 419.79 629,942. 03 4, 434.614. 20 481, 209. 16 8, 426, 040. 12 $1, 564. 494.74 $481 . 209. 16 $22, 701 .74 $10, 635, 026. 15 $8,907, 249. 28 $ 25, 115. 89 $ $ $ $ 53, 845. 28 4, 107, 000. 00 4,746, 404. 00 $ 25, 115. 89 $ $ _ _ $8,907, 249. 28 - $ $481 , 209. 16 $ $ $ 22, 701 .74 10, 635, 026. 15 1, 539, 378. 85 $1, 539, 378. 85 $481, 209. 16 $22,701 .74 $10,635, 026. 15 $ - - $1, 564, 494. 74 $481 , 209. 16 $22,701.74 $10, 635, 026. 15 $8, 907, 249. 28 EXHIBIT A 13 SCHEDULE z -A MONROE COUNTY BOARD OF COUNTY COMMISSIONERS STATEMENT OF CHANGES IN RESERVES AND FUND BALANCES For the Fiscal Year Ended September 30, 197o Total Operating Interest Capital General Funds and Sinking Outlay Fixed Funds Funds Assets Reserves and Fund Balances, October 1, 1969 $12,479.908.42 $1,119,336.08 $462,155.95 $ 7.486.64 $10,892.009.75 Add. Excess of Revenue Over Expenditures 455,311.08 421,042.77 19,053.21 15,215.10 Less, Decrease In General Fixed Assets 256,983,60 -256,983.60 Reserves and Fund Balances, September 30, 1970 512,678,315.90 $1,539,378.85 5481,209.16 522,701.74 $10,635,026.15 .SCIEDULE 7-A 14 MONROE COUNTY EXHIBIT - B BOARD OF COUNTY COMMISSIONERS STATEMENT OF REVENUE AND EXPENDITURES For the Fiscal Year Ended September 30, t97o Total Operating Interest Capital Funds and Sinking Outlay Funds Funds Revenue: Federal Sources $ 27,347.55 $ 26.162.52 $ $ 1.185.03 State Sources 717. 576.55 713,826.55 3.750.00 Local Sources 2,819,547.14 2,679,322.41 138,694.66 1 .530.07 Total $3.564,471.24 83,419,311.48 $142,444.66 $ 2,715.10 Nonrevenue 1,667.42 1,667.42 Incoming Interfund Transfers 364,431.25 195,968.97 155,962.2E 12.500.00 Total 63,930,569.91 $3,616,947.87 $296,408.94 $15,215.10 Expenditures: GG eneral Government $1,025,465.06 S1,025,465.06 .$ $ Law Enforcement 710,]73.82 710,773.82 Highways 366,850.79 366.850.79 Welfare 152.775.42 152.775.42 Auxiliary Operations 535,712.18 535,712.18 Total Operating and Maintenance $2,791.577.27 62,791, 577.27 $ - - $ Debt Service 294.333.12 15.000.50 279,332.62 Distributions to Other Agencies 24,573.93 24.573.93 21.11 Miscellaneous Refunds 343.26 322.15 Outgoing Interfund Transfers 364,431.25 364,431.25 Total S3,475,258.83 $3,195.905.10 $279,353.73 $ - - Excess of Revenue Over Expenditures $ 455,311.08 $ 421,042.77 $ 19,053.21 815. 215.10 EXHIBIT — B 15 EXHIBIT - C MONROE COUNTY BOARD OF COUNTY COMMISSIONERS SUMMARY OF BUDGETS For the Fiscal Year Ended September 30, tg7o Budgeted Actual Budget Difference Revenue Operating Funds: General $1,759,101.60 Road and Bridge 51,925,240.64 $ 166,139.04 Fine and Forfeiture 436,489.39 454,530.20 18,040.81 772,255.63 847,708.94 75,453.31 Airport Revenue 102,200.00 112,234.39 Airport Operation and Maintenance 72.293.00 72,293.00 10,034.39 Law Library 3,300.00 4,050.00 Card Sound Bridge Revenue 750.00 275,000.00 200,890.70 -2u,109.30 Interest and Sinking Funds: Jail and Substation Building, 1962 6,308.98 9,842.28 Airport Interest and Sinking. 3,533.30 1956 10,378.75 10,378.75 2,080.11 Airport Interest and Sinking, 1956 10.378.75 10.378.75 Airport Reserve, 1956 1,792.47 2,343.97 Certificates of Indebtedness of 1965 117.206.07 788. 30 Card Sound Bridge 137,3I9.57 ,778,30 183.675.00 137,399.59 -u 46 6,295.u] Capital Outlay Funds: Airport Development and Replacement 1,584.36 2,457.90 873.54 Total Revenue $3,776,286.92 $3,930,569.91 Beginning Balances $ 638,575.13 949,403.54 1,587,978.67 638,575.13 Total 44,725,690.46 $5,518,548.58 $ 792,858.12 EXHIBIT - C (Continued) 16 MONROE COUNTY EXHIBIT, - C (Con t i n?le dl BOARD OF COUNTY COMMISSIONERS SUMMARY OF BUDGETS For the Ftscal Year Ended September qo, ig7o Budgeted Actual Budget Difference Expenditures Operating Funds: General $1,823.349.02 $1.590,930.30 $ 232.416,72 Road and Bridge 479,664.92 418.585.55 61.079.37 Fine and Forfeiture 827,642.85 B05,.730.55 21,912.30 Airport Revenue 117,090.00 114,811.75 2,278.25 Airport Operation and Maintenance 73,318.00 63.960.92 9,357.08 Law Library 3.135.00 3,206.45 -91.U5 Card Sound Bridge Revenue 264,875.00 1913,679.58 66,195.42 Interest and Sinking Funds: Jail and Substation Building, 1962 8,493. 53 8,251.58 241.95 Airport Interest and Sinking, 1955 34.544.87 32,140.00 2,404.87 Airport Interest and Sinking, 1956 10.527.50 10,527.50 Airport Reserve. 1956 1,702.85 1.702.85 Certificates of Indebtedness of 1965 127.345.77 78,934.65 48,411.12 Card Sound Bridge 262,096.37 149,500.00 113,396.37 Capital Outlay Funds: Airport Development and Replacement 9,491,78 9,491.78 Total Expenditures $4,044.075.46 $3,475,250.83 $ 568,016.63 Ending Balances 681,615.00 2,043,289.75111 -1 ,361 ,674.75 Total $4.725,690.46 $5. 518,548.50 $ -792,658.12 Notes: Overexpenditures of budget appropriation items, which are in violation of Section 129.07, Florida Statutes, are shown below: Fund and Appropriation Item Budgeted Expenditure Overspent Operating Funds: Law Library: Purchase Law Library Books $1.859.11 $3,206.45 $1,347.34 III Total Reserves and Fund Balances. Exhibit A $12.670,315.90 Less, Investment in Fixed Assets 10,635,026.15 Ending Balances, Above $ 2,043,289.75 EXHIBIT - C 17