Okaloosa County BOCC — May 20, 2014 — reading text

- - - Other Accrued Liabilities 249,112 78,524 24,848 Due to Other Funds - - - Due to Other Elected Officials 44 219 - Due to Other Governments 154 18,218 - Notes Payable 50,000 382,190 - Revenue Bonds Payable 60,809 - - Deferred Revenue 2,472,619 401,606 - Current Liabilities Payable from Restricted Assets Customer Deposits Payable 1,486,885 - 22,008 Interest Payable 961,415 656,736 - Loan - State of Florida 727,295 - - Revenue Bonds Payable 3,535,000 575,000 - Total Current Liabilities Payable from Restricted Assets 6,710,595 1,231,736 22,008 Total Current Liabilities 11,253,230 2,612,612 792,083 Packet Pg. 81  Exhibit VIII Activities Governmental Activities -- Convention Center Other Total Internal Enterprise Fund Enterprise Funds Enterprise Funds Service Funds $ 75,985 $ 28,469 $ 1,044,994 $ 181,935 241,152 44,630 1,424,371 6,333 58,995 287,391 972,808 1,735,993 - - 249,692 - - - - 2,540,030 34,487 285,566 672,537 51,252 - 351,462 351,462 765,900 18,667 - 18,930 - 2,314 6,116 26,802 174 - - 432,190 - - - 60,809 - 29,153 18,460 2,921,838 13,358 - - 1,508,893 - 4,185 - 1,622,336 - - - 727,295 - 155,000 - 4,265,000 - 159,185 - 8,123,524 - 619,938 1,022,094 16,299,957 5,294,975 Continued… 30 Packet Pg. 82  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 Noncurrent Liabilities Compensated Absences 432,218 77,544 45,245 Closure Costs Payable - - 3,151,516 Claims and Judgments - - - Notes Payable (Net of Unamortized Discounts) 15,275,710 4,821,131 - Loan- State of Florida (Net of Unamortized Discounts) 6,131,012 - - Revenue Bonds Payable (Net of Unamortized Discounts and Deferred Amount on Refunding) 66,209,874 16,457,302 - Other Post Employment Benefits 115,597 22,859 12,600 Total Noncurrent Liabilities 88,164,411 21,378,836 3,209,361 Total Liabilities 99,417,641 23,991,448 4,001,444 Net Position Invested in Capital Assets, Net of Related Debt 92,628,318 106,067,615 298,523 Restricted for Debt Service 7,118,442 2,222,854 - Restricted for Other Purposes - 9,213,893 - Unrestricted 11,840,509 11,973,575 (1,771,663) Total Net Position 111,587,269 129,477,937 (1,473,140) Total Liabilities and Net Position $ 211,004,910 $ 153,469,385 $ 2,528,304 Packet Pg. 83  Exhibit VIII Activities Governmental Activities -- Convention Center Other Total Internal Enterprise Fund Enterprise Funds Enterprise Funds Service Funds 34,742 149,692 739,441 86,094 - - 3,151,516 - - - - 2,613,782 - - 20,096,841 - - - 6,131,012 - - - 82,667,176 - 18,083 115,847 284,986 3,847,009 52,825 265,539 113,070,972 6,546,885 672,763 1,287,633 129,370,929 11,841,860 14,217,499 1,302,054 214,514,009 541,401 155,000 - 9,496,296 - 7,673,873 - 16,887,766 - - 3,873,274 25,915,695 (5,623,645) 22,046,372 5,175,328 266,813,766 (5,082,244) $ 22,719,135 $ 6,462,961 $ 396,184,695 $ 6,759,616 The notes to the financial statements are an integral part of this statement. 31 Packet Pg. 84  Okaloosa County, Florida STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION PROPRIETARY FUNDS For the Fiscal Year Ended September 30, 2013 Business-type Water and Sewer Airport Solid Waste Enterprise Fund Enterprise Fund Enterprise Fund Operating Revenues Licenses and Permits $ - $ - $ - Charges for Services 26,777,786 9,128,918 8,164,967 Miscellaneous 24,514 289,226 545 Total Operating Revenues 26,802,300 9,418,144 8,165,512 Operating Expenses Personal Services 5,657,692 2,062,950 667,206 Contractual Services 3,555,018 2,019,837 5,704,870 Supplies 889,497 802,572 135,352 Insurance Premiums and Claims - - - Utilities 1,611,801 796,080 24,069 Other Operating Expenses 3,581,906 1,436,061 1,092,699 Depreciation/Amortization 6,907,955 3,913,963 59,988 Total Operating Expenses 22,203,869 11,031,463 7,684,184 Operating Income (Loss) 4,598,431 (1,613,319) 481,328 Nonoperating Revenues (Expenses) Taxes - - - Intergovernmental 95,279 228,101 174,506 Investment Income (Loss) (117,192) (83,839) 10,482 Other Non-Operating Revenue 330,723 12,000 - Interest Expenses (3,903,069) (1,235,061) - Other Debt Service Costs (27,666) (151,196) - Gain/(Loss) on Disposal of Capital Assets 12,131 (29,092) 115,850 Contribution to Other Governments (1,497,480) - - Passenger and Customer Facility Charges - 2,954,642 - Administrative Charges - - - Total Nonoperating Revenues (Expenses) (5,107,274) 1,695,555 300,838 Income (Loss) Before Contributions and Transfers (508,843) 82,236 782,166 Packet Pg. 85