Okaloosa County BOCC — May 20, 2014 — reading text

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 Packet Pg. 68  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 Packet Pg. 69 Packet Pg. 70  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 1,981,845 - Capital Outlay 1,545,644 369,415 Debt Service Principal - - Interest - - Other Debt Service Costs - - Total Expenditures 80,924,426 8,593,082 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,478,379) (3,594,264) Packet Pg. 71  Exhibit IV-A Capital Outlay Construction Trust Other Total Tourist Development Capital Projects Governmental Governmental Special Revenue Fund Fund Funds Funds $ 8,112,010 $ 1,481 $ 3,554,493 $ 58,009,904 361,478 - 441,416 816,294 436,429 199,881 10,752,644 30,863,164 - - 3,719,910 18,655,266 - - 468,617 476,561 915,946 36,744 683,007 3,307,732 9,825,863 238,106 19,620,087 112,128,921 - - 242,982 26,836,490 - - 2,076,571 44,072,056 - - - 1,052,328 299,996 - 1,478,292 11,660,285 3,434,195 - 110,587 4,941,758 - - 639,169 4,185,618 9,308,253 111,320 845,029 11,418,463 - - 5,176,993 7,158,838 53,313 839,536 2,619,987 5,427,895 - - 713,000 713,000 - - 1,626,624 1,626,624 - - 41,210 41,210 13,095,757 950,856 15,570,444 119,134,565 (3,269,894) (712,750) 4,049,643 (7,005,644) Continued… 23 Packet Pg. 72  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 Other Financing Sources (Uses) Transfers In 2,165,162 2,695,383 Transfers Out (140,000) - Transfers Among Constitutional Officers (2,107) - Issuance of Debt