Okaloosa County BOCC — May 17, 2013 — reading text

Presentation of CAFR & Annual ($ million) Judicial Center $26.3 17% Water & Sewer System $101.6 67% Airport System Charges $18.4 12% Tourist Development Taxes $1.7 1% General Debt $3.6 3% Total: $151.6 million Source: 2012 Comprehensive Annual Financial Report Packet Pg. 32  Investments 4.2.b Portfolio Allocation Fiscal Year 2012 Attachment: Balent Presentation (1673 : Visitor - Presentation of CAFR & Annual ($ million) FNMA Repurchase Agreement $11.0 $0.8 11% 1% FHLB $4.7 5% STI Classic Inst. Cash MGt $5.2 5% SBA - Fund A $38.7 40% FLGIT Day to Day Fund $7.6 8% FLGIT Pool SBA - Fund B $28.4 $1.1 29% 1% Total: $97.5 million Packet Pg. 33 Source: 2012 Comprehensive Annual Financial Report  4.2.c Packet Pg. 34 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 35 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 36 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 37 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 38 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 39 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 40 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 41 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 42 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.2.c Packet Pg. 43 Attachment: Stanford Presentation (1673 : Visitor - Presentation of CAFR & Annual  4.3 BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: May 7, 2013 TO: Honorable Chairman and Members of the Board FROM: Jim Vest, Executive Director, Mid-Bay Bridge Authority SUBJECT: Visitor - Jim Vest, Executive Director, Mid-Bay Bridge Authority Documents are attached related to the Mid-Bay Authority's Fiscal Year 2014 Budget. The Authority will hold a special Public Hearing meeting on Thursday, May 2 to adopt their Resolution, and will forward copies to the BCC when approved. Packet Pg. 44  4.3.a Packet Pg. 45 Attachment: Request Letter (1662 : Visitor - Jim Vest, Executive Director, Mid-Bay Bridge Authority)  4.3.b MID-BAY BRIDGE AUTHORITY Fiscal Year 2014 BUDGET FY2014 Attachment: FY2014 Budget (1662 : Visitor - Jim Vest, Executive Director, Mid-Bay Bridge Authority) Budget Cash and Investment Carry Forward 10/1/2013 74,600,000 Interest 1,200,000 USAF Escrow Administration Receipts 100,000 Gross Toll Receipts 20,698,000 Total Receipts and Other Sources 21,998,000 Disbursements Cost of Administration Executive, Administration, Legal 129,300 Auditing & Accounting 78,000 Cost of Operations Executive, Administration, Legal 294,800 Professional Services 37,100 Advertising 100,000 O&M Expense 2,682,235 Depreciation 5,000 Trustee Fees 62,000 TFRTF Payment 251,600 13,352,000 Total Operation and AdministrationExpenses 16,992,035 Net Change 5,005,965 Capital Expenditures 6,000,000 Restoration Project Expenditures 150,000 Ending Cash and Investments 9/30/2014 73,605,965 Note - Budget for the Authority is prepared on a cash basis. Packet Pg. 46  4.3.c RESOLUTION 2013-10 MID-BAY BRIDGE AUTHORITY Attachment: Mid-Bay Authority Resolution (1662 : Visitor - Jim Vest, Executive Director, Mid-Bay Bridge Authority) WHEREAS, the procedure regarding the annual budget of the Authority is established by legislation as set forth in Chapters 86-465, 88-542, and re-codified as 2000-411 Laws of Florida; and WHEREAS, as prescribed in Section 6(1)(b), 2000-411, Laws of Florida, prior to June 1 the Authority must produce and adopt a proposed budget by resolution; and WHEREAS, as prescribed in Section 6(1)(a) an advertised Public Hearing was held this day before the citizens of Okaloosa County; and WHEREAS, at the time the Authority prepares its annual budget, it is required to determine and find the estimated amounts to be expended in the operating expense accounts (exclusive of any bonds or other obligations) for the Authority in the ensuing year; and WHEREAS, as a Dependent Special District the Authority submits the Budget to the Board of County Commissioners of Okaloosa County. NOW THEREFORE BE IT RESOLVED, that the Mid-Bay Bridge Authority adopts the attached Budget reflecting operating expenses for Fiscal Year 2014 as follows: Operating Expenses Administration $207,300 Operations 431,900 Trustee Fees 62,000 Total $701,200 BE IT FURTHER RESOLVED, that on the 7th day of May 2013 the Authority will present the Fiscal Year 2014 Budget and Certified Resolution 2013-10 to the Board of Commissioners, Okaloosa County, Florida for approval. Adopted this 2nd day of May 2013 For the MID-BAY BRIDGE AUTHORITY _________________________________ Gordon E.