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

3,398 - 3,398 Other Donations 121,131 - 121,131 Investment Earnings (Loss) (92,680) (139,198) (231,878) Miscellaneous 4,482,298 821,794 5,304,092 Transfers - Internal Activities 395,126 (395,126) - Total Unrestricted-General Revenues and Transfers 80,720,343 6,996,819 87,717,162 Change in Net Position (7,677,132) 8,432,009 754,877 Net Position - Beginning 175,481,676 258,381,757 433,863,433 Net Position - Ending $ 167,804,544 $ 266,813,766 $ 434,618,310 The notes to the financial statements are an integral part of this statement. 20  Okaloosa County, Florida BALANCE SHEET GOVERNMENTAL FUNDS September 30, 2013 County Transportation Trust Special Revenue General Fund Fund ASSETS Cash and Cash Equivalents $ 2,725,331 $ 3,383 Investments 3,956,755 752 Receivables 213,936 275 Due from Other Funds 733,640 50,000 Due from Other Elected Officials 2,057,991 - Due from Other Governments 2,785,454 430,707 Prepaids 346,136 21,380 Total Assets $ 12,819,243 $ 506,497 LIABILITIES AND FUND BALANCES Liabilities Accounts Payable $ 523,170 $ 29,789 Contracts Payable 679,046 10,770 Other Accrued Liabilities 1,866,736 212,945 Due to Other Funds 82,725 - Due to Other Elected Officials 2,109,642 - Due to Other Governments 139,121 - Due to Depositors 40,415 60,095 Deferred Revenue 410,401 - Total Liabilities 5,851,256 313,599 Fund Balances Nonspendable 346,136 21,380 Restricted - - Committed 26,808 - Assigned - 171,518 Unassigned 6,595,043 - Total Fund Balances 6,967,987 192,898 Total Liabilities and Fund Balances $ 12,819,243 $ 506,497  Exhibit III-A Capital Outlay Other Total Tourist Development Construction Trust Governmental Governmental Special Revenue Fund Capital Projects Fund Funds Funds $ 6,169,095 $ 2,981,572 $ 11,922,785 $ 23,802,166 8,656,586 313,867 12,133,167 25,061,127 1,076,463 24 10,984 1,301,682 - 40,000 314,621 1,138,261 431 119,180 119,189 2,296,791 211,263 - 1,143,153 4,570,577 8,798 - 59,316 435,630 $ 16,122,636 $ 3,454,643 $ 25,703,215 $ 58,606,234 $ 14,948 $ 519 $ 126,543 $ 694,969 1,204,687 27,914 312,027 2,234,444 24,779 - 107,253 2,211,713 426,307 - 62,983 572,015 28,000 - 27 2,137,669 69,578 - 93,245 301,944 25,000 - 34,565 160,075 - - 1,549,522 1,959,923 1,793,299 28,433 2,286,165 10,272,752 8,798 - 59,316 435,630 14,329,337 589,960 22,758,238 37,677,535 - 71,660 490,939 589,407 - 2,764,590 167,873 3,103,981 (8,798) - (59,316) 6,526,929 14,329,337 3,426,210 23,417,050 48,333,482 $ 16,122,636 $ 3,454,643 $ 25,703,215 $ 58,606,234 The notes to the financial statements are an integral part of this statement. 21  Exhibit III-B Okaloosa County, Florida RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION September 30, 2013 Fund balances - total governmental funds (Exhibit III-A) $ 48,333,482 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the governmental funds. Those assets consist of: Land $ 11,241,215 Construction in progress 2,082,658 Buildings, net of $22,398,522 accumulated depreciation 49,032,908 Improvements other than buildings, net of $8,888,061 accumulated depreciation 23,695,092 Intangibles, net of $1,567,756 accumulated amortization 1,365,248 Machinery and equipment, net of $40,985,079 accumulated depreciation 8,473,636 Infrastructure, net of $80,672,237 accumulated depreciation 66,812,907 162,703,664 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. 630,254 Internal service funds (see Exhibit VIII) are used by management to charge the costs of certain activities, such as insurance, compensated absences and fleet maintenance, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net assets. Internal service fund net assets are: (5,082,244) Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported in the governmental funds. Interest on long-term debt is not accrued in governmental funds, but rather is recognized as an expenditure when due. All liabilities, both current and long-term are reported in the statement of net position. Balances changed at September 30, 2013 are: Accrued interest on bonds (832,558) Revenue bonds payable $ (29,192,000) Notes payable (5,000,000) Deferred Charges - Debt Issuance 708,404 Compensated absences (3,821,005) Other Post Employment Benefits (643,453) Total long-term liabilities (37,948,054) Net position of governmental activities (Exhibit I) $ 167,804,544 The notes to the financial statements are an integral part of this statement. 22  Okaloosa County, Florida STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For the Fiscal Year Ended September 30, 2013 County Transportation Trust Special Revenue General Fund Fund Revenues Taxes $ 43,495,408 $ 2,846,512 Licenses and Permits 13,400 - Intergovernmental 17,571,645 1,902,565 Charges for Services 14,686,409 248,947 Fines 7,944 - Miscellaneous 1,671,241 794 Total Revenues 77,446,047 4,998,818 Expenditures Current General Government 26,593,508 - Public Safety 41,995,485 - Physical Environment 354,555 697,773 Transportation 2,356,103 7,525,894 Economic Environment 1,396,976 - Human Services 3,546,449 - Culture and Recreation 1,153,861 - Court-Related