Okaloosa County BOCC — May 20, 2014 — reading text

7,897,163 7,995,208 7,525,894 469,314 Capital Outlay 401,400 1,489,698 369,415 1,120,283 Total Expenditures 9,035,127 10,221,816 8,593,082 1,628,734 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,281,698) (4,281,698) (3,594,264) 687,434 Other Financing Sources (Uses) Transfers In 1,895,383 1,895,383 2,695,383 (800,000) Total Other Financing Sources (Uses) 1,895,383 1,895,383 2,695,383 (800,000) Net Change in Fund Balance (2,386,315) (2,386,315) (898,881) 1,487,434 Fund Balance - Beginning 2,386,315 2,386,315 1,091,779 (1,294,536) Fund Balance - Ending $ - $ - $ 192,898 $ 192,898 27 Packet Pg. 77  Exhibit VII Board of County Commissioners Okaloosa County, Florida TOURIST DEVELOPMENT SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the Fiscal Year Ended September 30, 2013 Variance With Final Budget Budgeted Amounts Positive Original Final Actual Amounts (Negative) Revenues Taxes $ 6,300,000 $ 7,902,780 $ 8,112,010 $ 209,230 Licenses and Permits 390,473 390,473 361,478 (28,995) Intergovernmental - 963,560 436,429 (527,131) Miscellaneous 255,000 1,858,127 915,946 (942,181) Total Revenues 6,945,473 11,114,940 9,825,863 (1,289,077) Expenditures Current Transportation - 413,560 299,996 113,564 Economic Environment 5,489,055 9,263,354 3,434,195 5,829,159 Culture and Recreation 11,497,792 17,614,201 9,308,253 8,305,948 Capital Outlay 530,500 1,418,500 53,313 1,365,187 Total Expenditures 17,517,347 28,709,615 13,095,757 15,613,858 Excess (Deficiency) of Revenues Over (Under) Expenditures (10,571,874) (17,594,675) (3,269,894) 14,324,781 Other Financing Sources (Uses) Transfers Out (428,126) (602,243) (598,118) 4,125 Transfers Among Constitutional Officers - - 431 431 Issuance of Debt - 5,000,000 5,000,000 - Total Other Financing (428,126) 4,397,757 4,402,313 4,556 Net Change in Fund Balance (11,000,000) (13,196,918) 1,132,419 14,329,337 Fund Balance - Beginning 11,000,000 13,196,918 13,196,918 - Fund Balance - Ending $ - $ - $ 14,329,337 $ 14,329,337 The notes to the financial statements are an integral part of this statement. 28 Packet Pg. 78  Okaloosa County, Florida STATEMENT OF NET POSITION PROPRIETARY FUNDS September 30, 2013 Business-type Water and Sewer Airport Solid Waste Enterprise Fund Enterprise Fund Enterprise Fund ASSETS Current Assets Cash and Cash Equivalents $ 8,580,151 $ 10,167,422 $ 987,566 Investments 5,075,613 284,403 511,058 Receivables, Net of Allowance for Uncollectibles 2,120,432 930,137 677,277 Due from Other Funds 50,000 - - Due from Other Elected Officials - - - Due from Other Governments 543,439 1,411,463 31,872 Inventory 1,580,386 121,399 - Prepaids 112,692 13,751 - Restricted Assets Cash and Cash Equivalents Customer Deposits 1,374,146 - 22,008 Other Deposits 8,111,737 2,222,854 - Investments 8,977,990 10,014,718 - Total Restricted Assets 18,463,873 12,237,572 22,008 Total Current Assets 36,526,586 25,166,147 2,229,781 Noncurrent Assets Capital Assets Land 4,802,033 6,382,606 133,301 Buildings 6,069,770 63,888,724 115,363 Improvements Other Than Buildings - - 276,776 Intangibles 675,860 94,400 - Machinery and Equipment 10,109,562 2,459,826 2,196,088 Construction in Progress 6,744,894 396,489 - Infrastructure 243,811,284 85,210,888 - Works of Art - 69,865 - Less Accumulated Depreciation/Amortization (97,735,079) (30,199,560) (2,423,005) Total Capital Assets (Net of Accumulated Depreciation/Amortization) 174,478,324 128,303,238 298,523 Total Noncurrent Assets 174,478,324 128,303,238 298,523 Total Assets $ 211,004,910 $ 153,469,385 $ 2,528,304 Packet Pg. 79  Exhibit VIII Activities Governmental Activities -- Convention Center Other Total Internal Enterprise Fund Enterprise Funds Enterprise Funds Service Funds $ 3,647,873 $ 227,138 $ 23,610,150 $ 5,293,488 3,275,086 171,563 9,317,723 23,834 707 4,677,928 8,406,481 78,118 426,307 81,918 558,225 - - 8 8 79 - - 1,986,774 519,341 - - 1,701,785 297,228 3,789 2,352 132,584 6,126 - - 1,396,154 - 992,875 - 11,327,466 - - - 18,992,708 - 992,875 - 31,716,328 - 8,346,637 5,160,907 77,430,058 6,218,214 - - 11,317,940 316,861 18,327,812 - 88,401,669 900,466 31,822 - 308,598 257,345 23,840 72,575 866,675 - 1,126,220 4,878,877 20,770,573 2,817,880 273,429 - 7,414,812 - 363,670 - 329,385,842 - 29,195 - 99,060 - (5,803,490) (3,649,398) (139,810,532) (3,751,150) 14,372,498 1,302,054 318,754,637 541,402 14,372,498 1,302,054 318,754,637 541,402 $ 22,719,135 $ 6,462,961 $ 396,184,695 $ 6,759,616 Continued… 29 Packet Pg. 80  Okaloosa County, Florida STATEMENT OF NET POSITION PROPRIETARY FUNDS September 30, 2013 Business-type Water and Sewer Airport Solid Waste Enterprise Fund Enterprise Fund Enterprise Fund LIABILITIES AND NET POSITION Liabilities Current Liabilities Accounts Payable $ 734,509 $ 134,148 $ 71,883 Contracts Payable 499,835 263,134 375,620 Accrued Liabilities Compensated Absences 475,553 102,837 48,032 Closure Costs Payable - - 249,692 Claims and Judgments