Okaloosa County BOCC — May 20, 2014 — CAFR_13 — reading text

5,089,918 1,986,774 7,076,692 Inventories 297,228 1,701,785 1,999,013 Prepaid Expenses 441,755 132,584 574,339 Restricted Assets Cash and Cash Equivalents Customer Deposits - 1,396,154 1,396,154 Other Deposits - 11,327,466 11,327,466 Investments - 18,992,708 18,992,708 Total Current Assets 61,348,865 77,059,666 138,408,531 Noncurrent Assets Capital Assets (Net of Accumulated Depreciation) Land 11,558,076 11,317,940 22,876,016 Buildings 49,247,391 69,030,835 118,278,226 Improvements Other Than Buildings 23,695,092 138,389 23,833,481 Intangibles 1,365,248 131,171 1,496,419 Machinery and Equipment 8,483,694 3,381,094 11,864,788 Construction in Progress 2,082,658 7,414,812 9,497,470 Infrastructure 66,812,907 227,241,336 294,054,243 Works of Art - 99,060 99,060 Total Noncurrent Assets 163,245,066 318,754,637 481,999,703 Total Assets $ 224,593,931 $ 395,814,303 $ 620,408,234 LIABILITIES Current Liabilities Accounts Payable and Other Accrued Liabilities 6,213,204 3,141,902 9,355,106 Due to Other Governments 302,119 26,802 328,921 Unearned Revenue 1,343,027 2,921,838 4,264,865 Due to Depositors 160,075 - 160,075 Continued… 16  Exhibit I Okaloosa County, Florida STATEMENT OF NET POSITION September 30, 2013 Primary Government Governmental Business-type Total Activities Activities Current Liabilities (Continued) Liabilities Payable from Restricted Assets Customer Deposits - 1,508,893 1,508,893 Interest Payable - 1,622,336 1,622,336 Loans and Revenue Bonds Payable - 4,992,295 4,992,295 Current Portion of Long-term Obligations Compensated Absences 3,312,560 972,808 4,285,368 Closure Costs Payable - 249,692 249,692 Claims and Judgments 2,540,030 - 2,540,030 Notes Payable 591,000 432,190 1,023,190 Revenue Bonds Payable 738,000 60,809 798,809 Total Current Liabilities 15,200,015 15,929,565 31,129,580 Noncurrent Liabilities Noncurrent Portion of Long-term Obligations Compensated Absences 2,330,532 739,441 3,069,973 Closure Costs Payable - 3,151,516 3,151,516 Claims and Judgments 2,613,782 - 2,613,782 Notes Payable 4,382,393 20,096,841 24,479,234 Loans and Bonds Payable, Net of Unamortized Loan costs 27,772,203 88,798,188 116,570,391 Other Post Employment Benefits 4,490,462 284,986 4,775,448 Total Noncurrent Liabilities 41,589,372 113,070,972 154,660,344 Total Liabilities 56,789,387 129,000,537 185,789,924 Continued… 17  Exhibit I Okaloosa County, Florida STATEMENT OF NET POSITION September 30, 2013 Primary Government Governmental Business-type Total Activities Activities NET POSITION Investment in Capital Assets, Net of Related Debt 134,734,863 214,514,009 349,248,872 Restricted for Debt Service 463,354 9,496,296 9,959,650 Grants 630,254 - 630,254 Capital Projects 589,960 - 589,960 Public Safety 2,207,053 - 2,207,053 Transportation 11,039,403 9,213,893 20,253,296 Economic Environment 10,181,564 7,673,873 17,855,437 Culture and Recreation 4,770,768 - 4,770,768 Court-Related 3,452,041 - 3,452,041 Unrestricted (Deficit) (264,716) 25,915,695 25,650,979 Total Net Position 167,804,544 266,813,766 434,618,310 Total Liabilities and Net Position $ 224,593,931 $ 395,814,303 $ 620,408,234 The notes to the financial statements are an integral part of this statement. 18  Exhibit II-A Okaloosa County, Florida STATEMENT OF ACTIVITIES For the Fiscal Year Ended September 30, 2013 Program Revenues Net Operating Capital (Expense) Charges for Grants and Grants and Revenue Expenses Services Contributions Contributions (To Ex II-B) Primary Government Governmental Activities General Government $ 28,714,989 $ 11,377,533 $ 607,295 $ - $ (16,730,161) Public Safety 45,295,768 4,208,921 1,295,877 5,386 (39,785,584) Physical Environment 1,502,535 12,038 - 80,703 (1,409,794) Transportation 14,632,387 3,305,390 3,127,221 801,460 (7,398,316) Economic Environment 4,982,830 314,697 310,166 - (4,357,967) Human Services 4,500,022 562,185 41,802 - (3,896,035) Culture and Recreation 11,996,659 557,754 184,308 361,478 (10,893,119) Court-Related 7,589,522 5,129,921 277,869 - (2,181,732) Interest and Fiscal Charges 1,744,767 - - - (1,744,767) Total Governmental Activities 120,959,479 25,468,439 5,844,538 1,249,027 (88,397,475) Business-type Activities Water & Sewer 27,657,376 26,777,786 95,279 1,220,124 435,813 Airport 12,449,533 12,083,562 228,100 3,498,413 3,360,542 Solid Waste 7,684,184 8,164,966 174,506 - 655,288 Conference Center 3,153,064 804,314 - - (2,348,750) Other Programs 8,823,294 8,123,476 30,940 1,175 (667,703) Total Business- type Activities 59,767,451 55,954,104 528,825 4,719,712 1,435,190 Total Primary Government $ 180,726,930 $ 81,422,543 $ 6,373,363 $ 5,968,739 $ (86,962,285) 19  Exhibit II-B Okaloosa County, Florida STATEMENT OF ACTIVITIES (CONTINUED) For the Fiscal Year Ended September 30, 2013 Primary Government Governmental Business-type Activities Activities Total Changes in Net Position Net (Expenses) Revenue (From Exhibit II-A) $ (88,397,475) $ 1,435,190 $ (86,962,285) Unrestricted General Revenues Taxes Ad Valorem Tax 43,046,678 1,301,342 44,348,020 Tourist Development Tax 8,112,010 5,408,007 13,520,017 Local Option Fuel Tax 3,559,220 - 3,559,220 Communication Services Tax 1,956,905 - 1,956,905 Ninth-Cent Voted Fuel Tax 1,066,902 - 1,066,902 Local Business Tax 268,190 - 268,190 State Revenue Sharing Miscellaneous Revenue 5,163,568 - 5,163,568 Local Government Sales Tax 12,637,597 - 12,637,597 Contributions Not Restricted to Specific Programs Contributions from Other Governments