Comprehensive Annual Financial Report · NAPLES, FLORIDA 34101-3044 March 22, 2005 To the Citizens, and Members of the Board of County Commissioners, County of Collier, Florida It

Comprehensive Annual Financial Report

Year Ended September 30, 2004

Collier County, Florida

On the cover – Lake Trafford Lake Trafford is located approximately 3 miles west of Immokalee, Florida in north Collier County. Lake Trafford is the largest lake south of Lake Okeechobee with a surface area of 1,494 acres. As the only major lake in southwest Florida, Lake Trafford provides a sanctuary during the dry season for many wildlife species including migrating birds.

COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDED SEPTEMBER 30, 2004 COLLIER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS DONNA L. FIALA, CHAIRMAN FRED W. COYLE, VICE-CHAIRMAN FRANK HALAS JAMES N. COLETTA, Jr. THOMAS K. HENNING COUNTY MANAGER JAMES V. MUDD CLERK OF THE CIRCUIT COURT AND CHIEF FINANCIAL OFFICER DWIGHT E. BROCK DIRECTOR OF FINANCE AND ACCOUNTING JAMES L. MITCHELL, CIA, CFE, CBA Prepared by the Finance and Accounting Department COUNTY ATTORNEY EXTERNAL AUDITORS DAVID C. WEIGEL KPMG LLP

THIS PAGE INTENTIONALLY LEFT BLANK

COLLIER COUNTY GOVERNMENT

Dan Summers

Jim Ward

Deborah Wight

Services

Facilities Management University Extension Service Building Review and Permitting Water and Wastewater Transportation Planning/MPO Employee Services Domestic Animal Services Code Enforcement Utilities Services Traffic Operations and Information Technology Library Financial Administration and Public Utilities Financial Alternative Transportation Modes Fleet Management Museum Housing Operations Operations, ROW Permitting and Purchasing Parks and Recreation Environmental Services Public Utilities Engineering Development Review Risk Management Human Services Planning Services Solid Waste Management Transportation Engineering and

Veteran Services Engineering Services Pollution Control Construction Management Collier County Health Department CDES Operations Transportation Maintenance

Fred Coyle, Vice-ChairmanFrank Halas

Donna Fiala, Chairman

CountyAttorney

County

David Weigel

James Coletta

ELECTORS

Thomas Henning

Board of County Commissioners

Strategy and Legislative

James Mudd

Manager

Affairs

Assistant to the County ManagerManagement and Budget

Mike Smykowski

Customer RelationsCommunication and

Deputy County Manager

John TorreEmergency Management

Pelican Bay Services

Winona Stone

Assistant to the County ManagerOperations Support

Assistant to the County Manager

Transportation

Norman Feder

Community Developmentand Environmental

ServicesJoseph Schmitt

Collector

Guy Carlton

Public Utilities

James DeLony

Administrative Services

Len Golden Price

Public Services

Marla Ramsey

Operations Support

Circuit Court

Dwight Brock

of Elections

Jennifer Edwards

Leo Ochs, Jr.

Beth Johnssen

Tax

Property

Supervisor

Sheriff

Judiciary

Clerk of the

Don Hunter

Appraiser

Abe Skinner

COLLIER COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT

YEAR ENDED SEPTEMBER 30, 2004 TABLE OF CONTENTS

INTRODUCTORY SECTION

Page Transmittal Letter.......................................................................................................................................................................................... i Certificate of Achievement ......................................................................................................................................................................... vii

FINANCIAL SECTION Independent Auditors’ Report ..................................................................................................................................................................... 1 Management’s Discussion and Analysis (Unaudited) ................................................................................................................................. 3 BASIC FINANCIAL STATEMENTS: Statement of Net Assets............................................................................................................................................................................. 14 Statement of Activities ................................................................................................................................................................................ 16 Balance Sheet – Governmental Funds ........................................................................................................................................................ 18 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets .................................................................. 19 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds .................................................................. 20 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities......................................................................................................................................................... 21 General Fund - Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................................................................................................. 22 Statement of Net Assets – Proprietary Funds............................................................................................................................................ 24 Statement of Revenues, Expenses and Changes in Fund Net Assets – Proprietary Funds ........................................................................ 26 Statement of Cash Flows – Proprietary Funds........................................................................................................................................... 27 Statement of Fiduciary Net Assets – Fiduciary Funds............................................................................................................................... 29 Notes to the Financial Statements............................................................................................................................................................... 31 COMBINING AND INDIVIDUAL FUND SECTION: Nonmajor Governmental Funds Combining Balance Sheet ............................................................................................................................................................................ 65 Combining Statement of Revenues, Expenditures and Changes in Fund Balances...................................................................................... 75 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis)......................... 85 Nonmajor Enterprise Funds Combining Statement of Net Assets ........................................................................................................................................................ 110 Combining Statement of Revenues, Expenses and Changes in Net Assets.............................................................................................. 112 Combining Statement of Cash Flows ........................................................................................................................................................ 113 Internal Service Funds Combining Statement of Net Assets ........................................................................................................................................................ 116 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets..................................................................................... 117 Combining Statement of Cash Flows ....................................................................................................................................................... 118 Fiduciary Funds Combining Balance Sheet.......................................................................................................................................................................... 123 Combining Statement of Changes in Assets and Liabilities....................................................................................................................... 124 Component Units Combining Balance Sheet.......................................................................................................................................................................... 128 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.................................................................................... 129

COLLIER COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2004 TABLE OF CONTENTS - CONTINUED

STATISTICAL SECTION (UNAUDITED) General Governmental Revenues by Source.............................................................................................................................................. 132 General Governmental Expenditures by Function .................................................................................................................................. 133 Property Tax Levies and Collections ....................................................................................................................................................... 134 Assessed and Estimated Actual Value of Taxable Property .................................................................................................................... 135 Property Tax Rates - All Direct and Overlapping Governments............................................................................................................. 136 Special Assessment Billings and Collections............................................................................................................................................ 137 Computation of Legal Debt Margin ......................................................................................................................................................... 138 Computation of Direct and Overlapping Debt......................................................................................................................................... 138 Ratio of Net General Bonded Debt to Assessed Values and Net Bonded Debt Per Capita .............................................................................................................................................. 139 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Governmental Expenditures .................................................................................................... 140 Schedule of Water and Sewer Funds Revenue Bond Coverage................................................................................................................. 141 Salaries and Surety Bonds of Principal Officials ...................................................................................................................................... 142 Demographic Statistics ............................................................................................................................................................................. 143 Property Value, Construction and Bank Deposits................................................................................................................................... 144 Principal Taxpayers County Wide........................................................................................................................................................... 145 Miscellaneous Statistical Data.................................................................................................................................................................. 146 Major Industries Within Collier County.................................................................................................................................................. 147 Schedule of Insurance In Force................................................................................................................................................................. 148

SINGLE AUDIT/SCHEDULE OF FEDERAL AND STATE FINANCIAL ASSISTANCE Independent Auditors’ Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards....................................... 151 Independent Auditors’ Report on Compliance With Requirements Applicable to Each Major Program and on Internal Control Over Compliance in Accordance With OMB Circular A-133 and Rules of the Auditor General .............................................. 153 Schedule of Expenditures of Federal Awards and State Projects .............................................................................................................. 155 Notes to the Schedule of Expenditures of Federal Awards and State Projects ......................................................................................... 162 Schedule of Findings and Questioned Costs.............................................................................................................................................. 163


Clerk of CourtsAccountant

AuditorCustodian of County Funds

County of Collier CLERK OF THE CIRCUIT COURT

COLLIER COUNTY COURTHOUSE 3301 TAMIAMI TRAIL EAST

P.O. BOX 413044 NAPLES, FLORIDA 34101-3044

March 22, 2005 To the Citizens, and Members of the Board of County Commissioners, County of Collier, Florida It is with extreme pleasure that we present to you, the citizens of Collier County, the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September 30, 2004. This report was prepared in accordance with generally accepted accounting principles by the Finance and Accounting Department of the Clerk of the Circuit Court. Responsibility for the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the Clerk of the Circuit Court as the Chief Financial Officer of Collier County. The Clerk of the Circuit Court, through the Finance and Accounting Department, is responsible for establishing and maintaining internal controls to provide reasonable, but not absolute, assurance regarding the safeguarding of assets against loss from unauthorized use or disposition, the reliability of financial records for preparing financial statements, and maintaining accountability of assets. The concept of reasonable assurance recognizes the cost of a control should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe that the County’s internal controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. We believe the data, as presented, is accurate in all material respects, that it is prepared in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of its various funds, and that all disclosures necessary to enable the reader to gain the maximum understanding of the County's financial activity have been included. Chapter 11.45 of the Florida Statutes require an independent certified public accountant’s financial audit of counties in the State. This requirement has been met for the fiscal year ended September 30, 2004 and the report of the independent auditor is included in the financial section of this report. In addition to meeting the requirements set forth in State statutes, the audit was also designed to meet the requirements of the Federal 1996 Single

Phone- (239) 732-2646 Fax- (239) 775-2755

Website- www.clerk.collier.fl.us Email- [email protected]

Dwight E. Brock Clerk of Courts

ii

Audit Act Amendments and the related OMB Circular A-133. The Florida Single Audit is required by Florida Statute 215.97. Information relating to the Single Audits, including the schedule of federal awards and state projects and the independent auditors' report on internal control and compliance with requirements applicable to each major federal and state program, are included in the Federal and State Single Audit Section of this report.

Collier County is a Non-Charter County established under the Constitution and the laws of the State of Florida. The Board of County Commissioners is the legislative body for Collier County and is made up of five residents elected by voters. In addition to the County Commissioners, voters elect five constitutional officers; Clerk of the Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector. Governmental accounting and auditing principles require that management provide a narrative introduction, overview and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to compliment MD&A and the two should be read in concert. Collier County’s MD&A can be found immediately following the independent auditors’ report.

ECONOMIC CONDITION AND OUTLOOK

Collier County, the state’s largest county, with 2,026 square miles, is on the southwest coast of Florida, directly west of Miami. With a 2004 population of 292,466 (a 93 percent increase over the 1990 level), the County is considered to be one of the fastest growing counties in the state. The County’s economic base is concentrated in tourism and agriculture, fishing, ranching and forestry with a growing services economy and an emerging high technology sector. Gulf of Mexico beaches and the Everglades National Park are important attractions to this area. The park comprises a substantial portion of the County. Taxable property market valuation for fiscal year 2004 totaled just under $46 billion, or a very high $157,283 per capita. Unemployment levels in recent years approximate, or are slightly below those of the state. The 2004 County unemployment rate stood at 3.9 percent. Income levels are high, with a per capita personal income of $42,050, which is the highest in Southwest Florida. The County’s financial operations are well managed with recurring General Fund operating surpluses contributing to historically strong cash and general fund balance positions. This positive trend is expected to continue as the County maintains conservative budgeting practices and substantial operating flexibility relative to the 10-mill property tax rate operating limit. The County’s millage for operations in fiscal year 2004 was at only 39 percent of the statutory limit. In summary, Collier County will continue to experience a healthy economic expansion. Rapid residential and commercial development and an established tourism economy, with

iii

a significant number of second homes, will continue to contribute to an extremely strong tax base growth that has averaged in excess of 13 percent annually for the last five years. While Collier County continues to attract affluent retirees, the growing services economy and an emerging high technology sector should continue to attract population growth and development throughout the County.

AWARDS

GFOA Certificate of Achievement: The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Collier County, Florida for its Comprehensive Annual Financial Report for the fiscal year ended September 30, 2003. The Certificate of Achievement is a prestigious national award, recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. The CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. Collier County has received this award for the past eighteen years, from fiscal year 1986 to 2003. We believe our current report also conforms to the Certificate of Achievement program requirements, and we are submitting it to the GFOA for consideration. Distinguished Budget Presentation Award: The Government Finance Officers Association of the United States and Canada presented an award for Distinguished Presentation to Collier County for its annual budget for the fiscal year beginning October 1, 2003. In order to receive this award, a government unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. The Distinguished Budget Presentation Award is valid for a period of one year only. Collier County has received this award for the last sixteen consecutive years.

ACKNOWLEDGEMENTS

The preparation and publication of this Comprehensive Annual Financial Report represents a significant effort by the Finance and Accounting Department as well as numerous County personnel who contribute to its production. In particular we would like to express our appreciation to Kelly Jones, CGFO, Maryalice Bailey, Edith Manuel, CPA, Enas Khalil and June Wathen, all Accountants, along with Constance Murray,

iv

CGFO, General Operations Manager, Raymond Milum, Jr., Clerk’s Fiscal Operations Manager, Nancy Fragione, Kristy Schroeder, Betty Perez and Christine Chase, Financial Specialists, and all of the staff of the Finance and Accounting Department. Sincere appreciation is also expressed to KPMG LLP, the Board of County Commissioners, the Constitutional Officers, the County Manager, Division Administrators and the Department Directors for their assistance throughout the year in matters pertaining to the financial affairs of the County. We hope you find this report informative, accurate and easily readable. If you should have any questions related to this report or if additional information is desired, do not hesitate contacting Jim Mitchell, Director of Finance and Accounting, at (239) 774-8404. Respectfully, Dwight E. Brock James L. Mitchell, CIA, CFE, CBA Clerk of the Circuit Court Deputy Clerk Chief Financial Officer Director of Finance and Accounting Derek M. Johnssen, CPA Deputy Clerk General Accounting Manager


The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of

Achievement for Excellence in Financial Reporting to Collier County, Florida for its comprehensive annual financial

report for the fiscal year ended September 30, 2003. This was the eighteenth consecutive year that the government has

achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an

easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally

accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual

financial report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the

GFOA to determine its eligibility for another certificate.


FINANCIAL SECTION


3

Management’s Discussion and Analysis (Unaudited)

As Clerk of the Circuit Court and chief financial officer of Collier County, Florida I present the readers of the County’s financial statements this narrative overview and analysis of the financial activities of Collier County for the fiscal year ended September 30, 2004. Readers are encouraged to consider the information presented in this narrative in conjunction with additional information offered in the letter of transmittal, found on pages i-iv of this report. Financial Highlights

- Collier County’s assets exceeded its liabilities as of September 30, 2004 by $1,307,052,362. Of this amount, $297,752,455 represents unrestricted net assets and may be used to meet future obligations.

- The County’s total net assets increased by $133,301,843 over fiscal year 2003, with $96,700,671 of

the increase resulting from governmental activities and $36,601,172 resulting from business-type activities.

- As of September 30, 2004 Collier County’s governmental fund financia l statements showed

combined ending fund balances of $280,419,255, an increase of $29,868,259 over the previous fiscal year. Of this amount, $148,420,050 remains in the various governmental funds of Collier County as unreserved.

- The General Fund reported an unreserved fund balance of $52,835,537 at September 30, 2004, an

increase of $11,872,645 over September 30, 2003.

- Total bonded debt and outstanding loans owed by Collier County increased by $89,932,709 during fiscal year 2004. General government debt in the amount of $94,605,000 was issued for the purposes of refinancing $4,990,000 of the County’s outstanding Capital Improvement Revenue Refunding Bonds, Series 1992, funding the County Jail Complex and County Development Services expansion projects in the amount of $38,500,000, purchasing environmentally sensitive land in the amount of $21,200,000, various capital improvement projects in the amount of $28,545,000 and paying closing costs of $1,370,000.

Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction and explanation of Collier County’s basic financial statements, comprised of government-wide and fund financial statements, as well as notes to the financial statements. There is additional supplementary information following these financial statements that may be of interest to the reader. Government-Wide Financial Statements Government-wide financial statements are designed to provide the reader an overview of the financial position of the County and are similar to private sector financial statements. These statements are

4

comprised of a Statement of Net Assets and a Statement of Activities and are found on pages 14 to 17 of this report. The Statement of Net Assets shows the financial position of Collier County as of September 30, 2004. The statement shows the County’s assets less its liabilities, with the difference being reported as net assets. Changes in net assets are useful indicators of financial condition. The Statement of Activit ies follows the statement of net assets and reports the changes in net assets over the fiscal period. All changes in net assets are reported as soon as the underlying events that gave rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported for some items, such as accounts receivable or accrued unused vacation and sick leave, that will manifest themselves in cash inflows and outflows, respectively, in future fiscal periods. These statements distinguish Collier County functions that are supported by taxes and intergovernmental revenues (governmental activities), from business-type activities, which are intended to have their costs primarily recovered through user fees and charges. Governmenta l activities reported in the financial statements are general government, public safety, physical environment, transportation, economic environment, human services and culture and recreation. Business-type activities in Collier County include water and sewer, solid waste collections, airport operations and emergency medical services. Fund Financial Statements A fund is a group of related accounts used to maintain control over resources that have been segregated to meet specific objectives. As dictated by generally accepted accounting principles, Collier County uses fund accounting to ensure and demonstrate compliance with financial legal requirements. The funds of the County can be divided into the following three categories: governmental, proprietary and fiduciary. Governmental funds - Governmental funds, presented on pages 18 to 23, account for substantially the same functions as governmental activities reported under the Government-Wide Statement of Net Assets and Statement of Activities. The difference is that the governmental fund financial statements focus on inflows and outflows of expendable resources, as well as balances of expendable resources available at the end of the fiscal year, on a near term basis. As such, these statements present a narrower view of financial condition, but are nonetheless useful in evaluating Collier County’s near term financing requirements and available resources. Comparison between the two sets of financial statements allows the reader to better assess the future impact of the government’s near term financial decisions. Both the governmental fund balance sheet and the statement of revenues, expenditures and changes in fund balances provide a reconciliation to the respective government- wide financial statements to facilitate comparison. Governmental funds presented individually in Collier County’s statements include five major funds, the General Fund, Impact Fees Escrow Fund, Road Impact Districts Fund, Parks Impact District Fund and Road Construction Fund. While there are many smaller governmental funds under Collier County management, they are aggregated in a total column named “other governmental funds”. Combining statements for these other governmental funds have been presented elsewhere in this report.

5

Proprietary funds - Collier County maintains two different types of proprietary funds, enterprise and internal service, which are reflected on pages 24 to 28 of this report. Enterprise funds report, with more detail, the same functions presented as business-type activities in the government-wide financial statements for water and sewer, solid waste disposal, emergency medical services and the airport authority. Internal service funds are maintained to allocate and accumulate costs internally for Collie r County. The County uses internal service funds to account for health insurance, worker’s compensation insurance, property and casualty insurance and fleet operations. The internal service funds are presented in total in the proprietary fund financial statements, but may be viewed on a combining basis elsewhere in the report. Fiduciary funds - Fiduciary funds are used to account for resources held for the benefit of parties outside of Collier County government. These funds are not presented in the government-wide financial statements as they do not represent resources available to support Collier County functions. The fiduciary funds are presented in the fund financial statements, on page 29 of this report. All of the County’s fiduciary funds are agency funds. The accounting used for agency funds is based on the concept that assets equal liabilities when the government is acting in a fiduciary capacity. Notes to the Financial Statements The notes provide additional information essential to a full understanding of the data provided in both the government-wide and fund financial statements. The notes appear on pages 31 to 59 of this report. Other Information The combining and individual nonmajor fund financial statements and schedules mentioned above present more detailed views of nonmajor governmental and enterprise funds and begin on page 65. This section contains combining balance sheets and statements of revenues, expenditures and changes in fund balance for governmental funds, and combining balance sheets and statements of revenues, expenses and changes in net assets for enterprise funds. Also included are combining financial statements for internal service and agency funds. Additional information about the County, which may be of interest to the reader, can be found under the Statistical and Single Audit sections of this report. Government-Wide Financial Analysis Changes in net assets over time are a useful indicator in assessing financial condition. Collier County’s increase in net assets for this fiscal year amounts to $133,301,843, resulting in an ending net assets balance as of September 30, 2004 of $1,307,052,362. Collier’s investment in capital assets such as land, roads, buildings, parks and machinery and equipment, net of depreciation or any outstanding debt related to the construction or purchase of the asset, amounts to 72% of net assets. Capital assets are used to provide services to the citizens and consequently do not represent spendable resources.

6

Collier County’s net assets also include restricted net assets of $16,057,272 and unrestricted net assets of $297,752,455. Restricted net assets are resources subject to external restriction on how they may be used while unrestricted net assets may be used to meet the County’s ongoing obligations. The cash and investment accounts of the County’s funds increased a total of $76,061,956 from the previous year, including agency fund activities. The main reasons for this increase was $14,735,063 of unspent bond proceeds related to a jail annex and parking garage project, and an increase in the road impact fee funds cash and investment balances of $41,889,368 as of September 30, 2004. The County expects to have spent the bond proceeds within twelve months. Following are Collier County’s net assets and changes in net assets for the fiscal years ended September 30, 2003 and 2004, shown in condensed form (in thousands):

Collier County's Schedule of Net Assets Total Governmental Business-type Percentage Activities Activities Total Change 2003 2004 2003 2004 2003 2004 2003-2004 Current and other assets 376.3 459.7 121.8 117.7 498.1 577.4 15.9% Capital assets 542.9 681.7 602.0 656.6 1,144.9 1,338.3 16.9%

Total assets 919.2 1,141.4 723.8 774.3 1,643.0 1,915.7 16.6% Long-term liabilities 191.4 272.1 120.8 137.0 312.2 409.1 31.0% Other liabilities 126.2 171.0 30.9 28.6 157.1 199.6 27.1% Total liabilities 317.6 443.1 151.7 165.6 469.3 608.7 29.7% Net assets: Invested in capital assets, net of related debt 434.1 473.8 479.7 519.5 913.8 993.3 8.7% Restricted 5.8 4.4 12.0 11.6 17.8 16.0 (10.1)% Unrestricted 161.7 220.1 80.4 77.6 242.1 297.7 23.0%

Total net assets 601.6 698.3 572.1 608.7 1,173.7 1,307.0 11.4%

7

Collier County's Schedule of Changes in Net Assets

Total Governmental Business-type Percentage Activities Activities Total Change 2003 2004 2003 2004 2003 2004 2003-2004 Revenues Program revenues: Charges for services 78.0 60.6 89.1 99.9 167.1 160.5 (6.6)% Operating grants and contributions 10.0 19.7 0.1 .1 10.1 19.8 96.0% Capital grants and contributions 13.7 26.9 26.3 32.0 40.0 58.9 47.3% General revenues: Property taxes 174.3 213.3 - - 174.3 213.3 22.4% Other taxes 66.7 74.7 - - 66.7 74.7 12.0% Interest income 10.7 12.2 3.9 4.4 14.6 16.6 14.0% Net increase (decrease ) in fair value of investments .5 (5.8) .2 (1.4) .7 (7.2) - Miscellaneous 6.9 13.7 0.6 .2 7.5 13.9 85.3% Total revenues 360.8 415.3 120.2 135.2 481.0 550.5 14.4% Expenses General government 69.0 82.9 - - 69.0 82.9 20.1% Public safety 115.6 135.2 - - 115.6 135.2 17.0% Physical environment 8.3 8.0 - - 8.3 8.0 (3.6)% Transportation 35.7 34.4 - - 35.7 34.4 (3.6)% Economic environment 6.9 6.4 - - 6.9 6.4 (5.8)% Human services 9.7 10.0 - - 9.7 10.0 3.1% Culture and recreation 25.8 25.6 - - 25.8 25.6 (0.1)% Interest on long-term debt 5.7 8.6 - - 5.7 8.6 5.1% Water and sewer - 57.2 60.6 57.2 60.6 6.0% Solid waste - 20.3 23.0 20.3 23.0 13.3% Airport authority - 3.0 3.4 3.0 3.4 13.3% Emergency medical services - 18.3 19.1 18.3 19.1 4.4% Total expenses 276.7 311.1 98.8 106.1 375.5 417.2 11.1% Increase in assets before transfers 84.1 104.2 21.4 29.1 105.5 133.3 26.4% Transfers, net (6.5) (7.5) 6.5 7.5 - - - Change in net assets 77.6 96.7 27.9 36.6 105.5 133.3 26.4% Net assets - beginning 524.0 601.6 544.2 572.1 1,068.2 1,173.7 9.9%

Net assets – ending 601.6 698.3 572.1 608.7 1,173.7 1,307.0 11.4%

8

Governmental Activities The increase for net assets of governmental activities amounted to $96,700,671, an increase of 16% over the previous year. Major sources of the unrestricted governmental activity increase are the current growth rate of Collier County and the increase in property values. The population of Collier County increased by 2.7% during the last year and the taxable assessed value increased by 16%. These factors, coupled with a .25 mil Conservation Collier initiative, resulted in an increase in property tax revenues of $39,062,163, or 22%, over last fiscal year. The purpose of the Conservation Collier initiative is to acquire and manage environmentally sensitive lands. The County collects impact fees for transportation, parks, librarie s, emergency medical services and correctional facilities to meet the infrastructure needs created by new residents. Business-type Activities Increases in net assets related to business-type activities amounted to $36,601,172 in the aggregate, representing a 6% increase. The majority of the increase can be attributed to the Collier County Water and Sewer District. Water and wastewater charges for services increased $6,083,552, or 10%, over the previous fiscal year. The growth rate of the County also contributes to these increases through water and sewer impact fees on new construction and charges for services paid by all new customers. Donations of infrastructure by developers connecting to the County Water and Sewer System also increased net assets in the amount of $3,012,127. Fund Financial Statement Analysis As mentioned above, Collier County utilizes fund accounting to ensure compliance with finance related legal requirements. Governmental Funds Governmental funds provide the user with information on near term inflows, outflows and balances of spendable resources. Unreserved fund balance is a useful measure of net resources available to be spent at the end of the fiscal year. Governmental funds consist of the General Fund, Special Revenue Funds, Debt Service Funds and Capital Project Funds. As of September 30, 2004 Collier County governmental funds reported combined fund balances of $280,419,255, an increase of $29,868,259 compared to prior year balances. Governmental funds reserved $127,004,197 of fund balance to meet current commitments (encumbrances) in the next fiscal year, $72,390 for inventory and prepaid items, $4,414,413 for debt service and $508,205 for advances made to other funds. The remainder of fund balance is considered unreserved and is available for spending at the County’s discretion. The General Fund is the main operating fund of Collier County. At September 30, 2004, total fund balance in the general fund was $53,303,686 of which $52,835,537 was unreserved. As a percentage of total general fund expenditures and net transfers, the unreserved portion is 29%. The fund balance increased by $11,872,645, or 29%, over the previous fiscal year ended September 30, 2003. As indicated above, this increase is due mainly to an 16% increase in taxable assessed value, as there was no increase in general fund millage.

9

Special revenue funds are used to account for specific revenue sources or expenditures. Total fund balances of all special revenue funds increased by $25,747,166 from the prior year. Of this increase, $9,558,180 can be attributed to the Unincorporated Area MSTD and the Community Development funds due to an increase in permit and inspection activity. The Conservation Collier fund experienced an increase of $7,777,991 as a result of a new property tax levy for the 2004 fiscal year. These tax dollars are slated for the purchase of environmentally sensitive land and the payment of debt service thereon. The other special revenue funds contributed a combined fund balance increase of $8,410,995, mainly the result of operating under budget in the tourist development and improvement district areas and aggressive pursuit of state and federal grant monies. Debt service funds are used to extinguish debt incurred by the governmental funds. Their change in unreserved fund balance is generally minimal as the purpose of a debt service fund is to meet current principal and interest requirements. The total change for debt service fund balance for the year was a decrease of $1,376,477. The primary reason for this decrease was the final maturity of the Series 1997 Special Obligation Revenue Bonds, which resulted in a decreased reserve requirement from fiscal year 2003 to 2004 of $1,259,759. Governmental capital project funds had expenditures of $122,026,803 for fiscal year 2004, compared to $72,384,030 for fiscal year 2003. This 41% increase can be traced to increased expenditures in the County-Wide Capital Improvements Fund of $17,163,998, $25,477,619 in Correctional Facilities Impact Fee Fund, $1,926,764 in the Emergency Medical Services Fund and $14,737,732 in the Road Construction Fund. These increases offset a decrease in expenditures of $1,526,904 in the Water Management Fund and $8,120,901 in the Road Impact Districts Fund. Because of the fact that project time lines often extend past one fiscal year and involve land acquisition, design and construction, expenditures may vary widely from year to year. Proprietary funds Proprietary fund statements provide the same information as the government-wide financial statements, but in greater detail, and on a fund basis for enterprise funds. Enterprise Funds At September 30, 2004, total net assets amounted to $608,682,983 for enterprise funds, as compared to $572,081,811 as of September 30, 2003. Net assets change as a result of operations, non-operating revenues and expenditures, capital contributions and grants and donations. The Collier County Water and Sewer District presents the majority of the increase in net assets. The Water and Sewer District received water and wastewater impact fees totaling $25,617,923 during fiscal year 2004. The Water and Sewer District reported capital grant and contributions of $29,540,853 including $3,012,127 in developer infrastructure contributions for the year ended September 30, 2004.

2004 2003

County Water and Sewer $ 8,094,621 9,209,722 Non-major enterprise funds (10,950,856) (10,696,249)

Total $ (2,856,235) (1,486,527)

Net Operating Income/(Loss)

10

The Collier County Water and Sewer Fund net operating income decreased by $1,115,101. This resulted from a $6,083,552 increase in charges for services being more than offset by a 13.9% increase in personal services and a $3,451,206 increase in depreciation expense related to large capital improvements coming on line during fiscal year 2004. Capital Assets Collier County’s financial statements present capital assets in two distinct groups, those that are depreciated and those not subject to depreciation. Buildings and equipment are examples of assets that are depreciated and land and construction in progress are examples of assets not depreciated. Collier County’s investment in capital assets for the governmental and business-type activities amounted to $1,338,265,074, net of accumulated depreciation. This investment in capital assets, both purchased and donated, includes land, buildings and improvements, machinery and equipment, parks, roads, bridges and drainage structures. Investment in capital assets for the current fiscal year, net of depreciation, increased by $193,332,978 over the previous year. There was an increase in the governmental funds of $138,789,274 or a 26% increase. The proprietary fund share of the increase was $54,543,704, and amounted to an 9% increase. The major factors behind these increases are as follows:

- Water and sewer, solid waste disposal and airport authority construction in progress increases amounted to $67,414,166.

- Capitalization as construction in progress of $105,410,051 of governmental activity related costs, with $56,931,810 of this increase related to transportation projects, $4,517,074 related to library and parks and recreation projects and $27,619,939 in jail construction and renovation.

Additional information regarding Collier County’s capital assets can be found in Note 5 beginning on page 44 of this report. Debt Administration At September 30, 2004, Collier County had bonded debt with a total face value of $275,840,000 outstanding, an increase of $27,560,000 from the previous year. The following table illustrates the balances of all outstanding long-term debt for the fiscal years ended September 30, 2004 and 2003:

On October 22, 2003 Collier County issued the $49,360,000 Capital Improvement and Refunding Revenue Bonds, Series 2003. The County issued these bonds for the purpose of providing funds to reimburse or finance the costs of acquisition, construction and equipping of various capital improvements within the County including a County Jail Complex and the County Development Services Building expansion and associated parking garage. In addition, the Series 2003 Bonds refunded, on a current basis, all of the then outstanding Capital Improvement Revenue Refunding Bonds, Series 1992 in the amount of $4,990,000. As

2004 2003

Revenue Bonds $ 275,840,000 248,280,000Florida Local Government Loans 51,649,000 8,486,000State Revolving Fund Loans 74,459,704 55,238,769Miscellaneous Notes 84,858 96,084

Total $ 402,033,562 312,100,853

Outstanding Debt

11

a result of the refunding, the County reduced its total debt service requirements by $535,644, which resulted in an economic gain of $349,693. The Series 2003 bonds are payable and secured by a lien upon the proceeds of the Local Half-Cent Sales Tax. The Series 2003 Capital Improvement Bonds are issued on a parity as to the lien on and security with the County’s Capital Improvement Revenue Refunding Bonds, Series 1994, with an outstanding amount of $20,240,000 and the County’s Capital Improvement Revenue Bonds, Series 2002, with an outstanding amount of $43,025,000. The Constitution of the State of Florida, Florida Statute 200.181 and Collier County set no legal debt limit. Further information regarding Collier County’s long-term debt can be found in Note 6 beginning on page 45 of this report. Budgetary Highlights Budgetary comparison statements are provided in the basic financial statements for the General Fund.. Budget columns are presented for both the original budget as well as the final budget. These columns are followed by a column for actual expenditures and a column for differences between final budget and actual expenditures. Certain amendments to the original budget were approved throughout the year. A comparison of original budget to final budget for General Fund revenues shows budget amendments increasing various revenues. Licenses and permits budget increased by $169,000 to account for two new Stormwater Management employees for which the South Florida Water Management District is providing funding. The increase of $977,116 in charges for services is mainly due to budget amendments to increase Clerk fees collected in the amount of $832,680. Interest income increased by $1,690,410 due to a budget amendment to recognize additional interest revenue. Miscellaneous revenue budget was increased by $503,421, in part to recognize additional proceeds from sale of surplus property in the amount of $244,844 as well as reimbursement from a developer in the amount of $250,000. Other revenue budget changes were regarded as immaterial for purposes of this disclosure. Significant period expenditure budget increases, over $200,000 within a department, were made to various cost centers, and are outlined in the following table:

Department

Budget Increase/(Decrease)

Reason for Increase

Clerk of the Circuit Court $ 249,177 Additional consultant services Sheriff 1,918,822 Overtime for Hurricanes Charley, Frances, Ivan and Jean Emergency Management 2,426,247 Hurricanes Charley, Frances, Ivan and Jean Capital Outlay 357,673 Tax Collector purchase of additional capital equipment Transfers in 1,120,402 Additional amounts to other funds Transfers out 4,868,512 Additional amounts from other funds

12

Economic Factors and Year 2005 Budgets and Rates The following factors were taken into account in preparing the fiscal year 2005 budget:

- The population of Collier County increased by 2.6% from fiscal year 2003 to fiscal year 2004. - Forbes Magazine’s 2003 fifth annual survey of “Best Places for Business and Careers” ranked the

Naples MSA 42nd among the nation’s 200 metros and also ranked the Naples MSA 1st in growth of salary and jobs for the last five years.

- The main focus of the Capital Improvement Program in FY-2005 is road construction, utility water and wastewater improvements, beach renourishment and general government facilities.

During the current fiscal year, the general fund’s unreserved fund balance increased by $12,298,969 to $52,835,537. $42,003,384 of the fiscal year 2004 unreserved fund balance has been appropriated as carryforward for spending in fiscal year 2005. Due to the amount of the unreserved fund balance, combined with positive growth rates and increases in appraised values, there was no increase in the general fund millage rate for fiscal year 2005. Contact Information This financial report is intended to give the user a general overview of Collier County Government’s finances. Any questions resulting from review of this information may be addressed to the Collier County Clerk of the Circuit Court, Department of Finance and Accounting, 2671 Airport Road South, Court Plaza III, Suite 202, Naples, Florida 34112. Our office may also be contacted via the internet at www.collier.clerk.fl.us.


Governmental Business-type ComponentActivities Activities Total Units

ASSETS

Current assets:

Cash and investments $ 428,948,523 82,355,955 511,304,478 145,732 Receivables: Trade, net 4,041,107 7,824,201 11,865,308 - Special assessments 87,850 952,019 1,039,869 - Interest 2,351,834 438,074 2,789,908 - Unbilled revenue - 2,793,139 2,793,139 - Notes 229,961 - 229,961 - Due from other governments 17,515,218 260,548 17,775,766 - Internal balances (698,427) 698,427 - - Inventory 2,933,621 3,125,961 6,059,582 - Deposits 223,857 12,020 235,877 - Prepaid costs 4,713 - 4,713 - Restricted assets: Cash and investments - 13,938,529 13,938,529 -

Total current assets 455,638,257 112,398,873 568,037,130 145,732

Noncurrent assets:

Receivables: Special assessments 752,558 3,657,112 4,409,670 - Notes 651,681 102,344 754,025 - Due from other governments - 315,597 315,597 - Deferred charges 2,681,517 1,268,884 3,950,401 - Capital assets: Land and nondepreciable capital assets 256,936,266 230,114,020 487,050,286 - Depreciable capital assets, net 424,772,012 426,433,776 851,205,788 -

Total noncurrent assets 685,794,034 661,891,733 1,347,685,767 -

Total assets $ 1,141,432,291 774,290,606 1,915,722,897 145,732

The notes to the financial statements are an integral part of this statement.

COLLIER COUNTY, FLORIDASTATEMENT OF NET ASSETS

SEPTEMBER 30, 2004

Primary Government

14

Governmental Business-type ComponentActivities Activities Total Units

LIABILITIES

Current liabilities:

Accounts payable $ 19,619,042 3,673,694 23,292,736 - Wages payable 5,673,730 893,047 6,566,777 - Retainage payable 5,165,933 1,064,406 6,230,339 - Due to other governments 3,844,310 3,405 3,847,715 - Due to individuals 226,578 31,633 258,211 - Self-insurance claims payable 4,236,659 - 4,236,659 - Compensated absences 1,426,926 245,487 1,672,413 - Capital leases payable 38,216 47,829 86,045 - Notes payable - 2,088 2,088 - Refundable deposits 566,308 174,438 740,746 - Unearned revenue 98,070,299 127,784 98,198,083 - Escrowed impact fees 19,847,885 - 19,847,885 - Interest payable 720,090 1,432,945 2,153,035 - Bonds and loans payable 11,500,000 7,024,765 18,524,765 - Liabilities payable from restricted assets: Accounts payable - 4,427,069 4,427,069 - Retainage payable - 8,210,469 8,210,469 - Notes payable - 82,770 82,770 - Unearned revenue - 1,218,221 1,218,221 -

Total current liabilities 170,935,976 28,660,050 199,596,026 -

Noncurrent liabilities:

Arbitrage rebate 43,957 - 43,957 - Self-insurance claims payable 6,686,341 - 6,686,341 - Compensated absences 12,537,657 1,391,083 13,928,740 - Capital leases payable 69,385 24,708 94,093 - Landfill post-closure liability - 4,374,790 4,374,790 - Bonds and loans payable, net 252,789,596 131,156,992 383,946,588 -

Total noncurrent liabilities 272,126,936 136,947,573 409,074,509 - Total liabilities 443,062,912 165,607,623 608,670,535 -

NET ASSETS

Invested in capital assets, net of related debt 473,765,107 519,477,528 993,242,635 - Restricted for growth related capital expansion - 2,413,509 2,413,509 - Restricted for renewal and replacement - 300,000 300,000 - Restricted for debt service 4,414,413 8,929,350 13,343,763 - Unrestricted 220,189,859 77,562,596 297,752,455 145,732

Total net assets $ 698,369,379 608,682,983 1,307,052,362 145,732

Primary Government

STATEMENT OF NET ASSETSSEPTEMBER 30, 2004

COLLIER COUNTY, FLORIDA

15

Program

Indirect Fees, Fines and OperatingExpenses Charges for Grants and

FUNCTIONS/PROGRAMS Expenses Allocation Services Contributions

Primary Government: Governmental Activities: General government $ 87,415,426 (4,526,200) 37,967,208 341,383 Public safety 133,929,673 1,280,700 15,126,739 8,248,849 Physical environment 7,613,431 343,400 567,769 2,901,552 Transportation 33,970,268 438,600 959,033 1,736,487 Economic environment 6,469,894 - 1,099,647 4,912,705 Human services 10,026,627 - 447,165 1,234,121 Culture and recreation 25,404,817 203,300 4,415,617 383,678 Interest on long-term debt 8,566,398 - - -

Total governmental activities 313,396,534 (2,260,200) 60,583,178 19,758,775

Business-type Activities: Water and Sewer 58,835,536 1,753,900 65,151,713 - Solid Waste 22,703,844 332,300 21,937,665 31,091 Airport Authority 3,171,532 174,000 1,878,171 - Emergency Medical Services 19,114,494 - 10,903,616 -

Total business-type activities 103,825,406 2,260,200 99,871,165 31,091

Total primary government $ 417,221,940 - 160,454,343 19,789,866

Component Units: Collier County Housing Finance Authority $ - 10,205 - Collier County Industrial Development Authority 58,653 58,647 - Collier County Educational Facilities Authority 17,675 17,675 -

Total component units $ 76,328 86,527 -

General revenues: Property taxes Gas taxes Sales taxes Tourist taxes Franchise fees Other taxes State revenue sharing Interest income Net decrease in fair value of investments MiscellaneousTransfers, net Total general revenues and transfers Change in net assetsNet assets - beginningNet assets - ending


COLLIER COUNTY, FLORIDASTATEMENT OF ACTIVITIES

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

16

Revenues

CapitalGrants and Governmental Business-type Component

Contributions Activities Activities Total Units

1,961,025 (42,619,610) - (42,619,610) - 5,198,877 (106,635,908) - (106,635,908) - 1,622,348 (2,865,162) - (2,865,162) -

14,012,913 (17,700,435) - (17,700,435) - - (457,542) - (457,542) - - (8,345,341) - (8,345,341) -

5,277,471 (15,531,351) - (15,531,351) - - (8,566,398) - (8,566,398) -

28,072,634 (202,721,747) - (202,721,747) -

29,714,053 - 34,276,330 34,276,330 - 3,136 - (1,064,252) (1,064,252) -

120,899 - (1,346,462) (1,346,462) - 2,201,838 - (6,009,040) (6,009,040) -

32,039,926 - 25,856,576 25,856,576 -

60,112,560 (202,721,747) 25,856,576 (176,865,171) -

- 10,205 - (6) - -

- 10,199

213,353,015 - 213,353,015 - 19,886,942 - 19,886,942 - 31,323,401 - 31,323,401 -

9,719,819 - 9,719,819 - 3,189,481 - 3,189,481 - 2,606,924 - 2,606,924 - 7,973,210 - 7,973,210 -

12,215,623 4,348,308 16,563,931 501 Net decrease in fair value of investments (5,812,749) (1,417,300) (7,230,049) -

12,495,757 284,583 12,780,340 310 (7,529,005) 7,529,005 - -

299,422,418 10,744,596 310,167,014 811 96,700,671 36,601,172 133,301,843 11,010

601,668,708 572,081,811 1,173,750,519 134,722 698,369,379 608,682,983 1,307,052,362 145,732 $

Primary Government

Net (Expense) Revenue and Changes in Net Assets

17

Road Parks Other TotalGeneral Impact Fees Impact Impact Road Governmental Governmental

Fund Escrow Districts Districts Construction Funds FundsASSETS

Cash and investments $ 58,892,441 20,984,158 78,525,122 26,009,776 78,102,859 145,849,767 408,364,123 Receivables: Interest 2,133,481 - - - - 218,353 2,351,834 Trade, net 314,844 - 42,740 27,350 285,639 3,621,729 4,292,302 Notes - - - - - 881,642 881,642 Special assessments - - - - - 840,408 840,408 Due from other funds 2,217,851 - - - - 834,141 3,051,992 Due from other governments 5,851,709 - 866,722 123,065 3,837,819 6,811,900 17,491,215 Deposits 3,500 - - - - - 3,500 Inventory 67,459 - - - - 2,636,076 2,703,535 Advances to other funds 308,205 - - - - 200,000 508,205 Prepaid costs - - - - - 4,713 4,713

Total assets $ 69,789,490 20,984,158 79,434,584 26,160,191 82,226,317 161,898,729 440,493,469

LIABILITIES AND FUND BALANCES

Liabilities: Accounts payable $ 8,610,403 - 563,507 37,314 3,790,187 6,222,370 19,223,781 Wages payable 4,383,739 - - - 52,128 1,175,220 5,611,087 Due to other funds 1,299,362 - 1,851 - 1,678 2,044,206 3,347,097 Due to other governments 1,391,359 421,438 - - - 2,031,513 3,844,310 Due to individuals 226,578 - - - - - 226,578 Deferred revenues 10,000 - 62,180,003 22,145,294 - 17,397,733 101,733,030 Refundable deposits 562,753 - - - - 3,555 566,308 Escrowed impact fees - 19,847,885 - - - - 19,847,885 Retainage payable 1,610 - 511,911 113,531 2,246,918 2,291,963 5,165,933 Advances from other funds - - - - - 508,205 508,205

Total liabilities 16,485,804 20,269,323 63,257,272 22,296,139 6,090,911 31,674,765 160,074,214

Fund balances: Reserved for: Encumbrances 92,485 - 15,980,905 802,012 76,135,406 33,993,389 127,004,197 Advances to other funds 308,205 - - - - 200,000 508,205 Inventory 67,459 - - - - 218 67,677 Prepaid costs - - - - - 4,713 4,713 Debt service - - - - - 4,414,413 4,414,413 Unreserved, reported in: General fund 52,835,537 - - - - - 52,835,537 Special revenue funds - 714,835 - - - 72,227,525 72,942,360 Debt service funds - - - - - 4,389,358 4,389,358 Capital project funds - - 196,407 3,062,040 - 14,994,348 18,252,795

Total fund balances 53,303,686 714,835 16,177,312 3,864,052 76,135,406 130,223,964 280,419,255

Total liabilities and fund balances $ 69,789,490 20,984,158 79,434,584 26,160,191 82,226,317 161,898,729 440,493,469


GOVERNMENTAL FUNDSSEPTEMBER 30, 2004

COLLIER COUNTY, FLORIDABALANCE SHEET

18

Differences in amounts reported for governmental activities in the statement of net assets on pages 14-15:

Fund balances - total governmental funds $ 280,419,255

Capital assets used in governmental activities are not financial resources and thereforeare not reported in the funds. Those assets consist of:

Land 120,330,860Construction in progress 136,605,406Depreciable assets, net of $244,767,500 in accumulated depreciation. 424,143,480 681,079,746

Certain receivables are estimated to be uncollectible and therefore not available to pay for thecurrent period's expenditures. These receivables are shown as reservations in the fund financials. (547,865)

Certain long-term assets are not available to pay for the current period's expenditures, andtherefore are not reported in the governmental funds. 2,681,517

Certain revenues will be collected after year-end, but are not available to pay for the current period's expenditures, and therefore are reported as deferred revenue in the funds. 3,662,731

Certain liabilities applicable to the County's governmental activities are not due and payable in thein the current period and accordingly are not reported as fund liabilities. Interest on long-termdebt is not accrued in the governmental funds, but is recognized as an expenditure when due. Allliabilities are reported in the statement of net assets. Balances at September 30, 2004 are:

Accrued interest on bonds (720,090)Bonds and notes payable (260,629,000)Capital leases (107,601) Compensated absences (13,853,404)Arbitrage rebate liability (43,957)Unamortized premium (4,336,678)Unamortized discount 676,082 (278,294,558)

Internal service funds are used by the County to charge self-insurance and fleet management services toindividual funds. The assets and liabilities of the internal service funds are included in governmentalgovernmental activities in the statement of net assets. Internal service fund net assets are: 10,088,643

Total net assets - governmental activities $ 698,369,379


COLLIER COUNTY, FLORIDARECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET ASSETSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

19

Road Parks Other TotalGeneral Impact Fees Impact Impact Road Governmental Governmental

Fund Escrow Districts Districts Construction Funds Funds

Revenues: Taxes $ 172,232,558 - - - 14,536,939 55,792,530 242,562,027 Licenses and permits 175,679 - - - - 17,895,050 18,070,729 Intergovernmental 40,364,250 - - - 9,287,334 21,902,047 71,553,631 Charges for services 18,220,287 - - 53,250 272,696 12,836,200 31,382,433 Fines and forfeitures 5,957,891 - - - - 890,505 6,848,396 Interest income 11,195,163 - - - 1,913 948,445 12,145,521 Net decrease in fair value of investments (432,797) (310,453) (1,161,680) (384,762) (1,155,455) (2,095,486) (5,540,633) Impact fees - - 8,375,621 3,136,592 - 4,140,362 15,652,575 Special assessments - - - - - 2,643,971 2,643,971 Miscellaneous 7,849,145 - - - 2,648,662 1,997,950 12,495,757

Total revenues 255,562,176 (310,453) 7,213,941 2,805,080 25,592,089 116,951,574 407,814,407

Expenditures: Current: General government 56,685,111 - - - - 15,151,132 71,836,243 Public safety 101,331,075 - - - - 22,944,795 124,275,870 Physical environment 1,583,526 - - - - 4,374,451 5,957,977 Transportation - - 610,833 - 2,216,471 21,445,361 24,272,665 Economic environment 841,578 - - - - 5,597,615 6,439,193 Human services 8,155,575 - - - - 1,420,014 9,575,589 Culture and recreation 8,422,531 - - 26,651 - 14,695,585 23,144,767 Debt service 79,225 - - - 2,495 24,213,974 24,295,694 Capital outlay 7,256,973 - 7,764,788 2,596,287 47,071,275 105,456,294 170,145,617 Total expenditures 184,355,594 - 8,375,621 2,622,938 49,290,241 215,299,221 459,943,615

Excess (deficiency) of revenues over (under) expenditures 71,206,582 (310,453) (1,161,680) 182,142 (23,698,152) (98,347,647) (52,129,208)

Other financing sources (uses): Bonds issued - - - - - 49,360,000 49,360,000 Loans issued - - - - - 45,245,000 45,245,000 Payment to refunding bond escrow - - - - - (5,078,528) (5,078,528) Transfers in 4,491,827 - - - 14,380,138 65,636,010 84,507,975 Transfers out (63,825,764) - - (656,900) (10,576,700) (16,977,616) (92,036,980)

Total other financing sources (uses) (59,333,937) - - (656,900) 3,803,438 138,184,866 81,997,467

Net change in fund balances 11,872,645 (310,453) (1,161,680) (474,758) (19,894,714) 39,837,219 29,868,259

Fund balances at beginning of year 41,431,041 1,025,288 17,338,992 4,338,810 96,030,120 90,386,745 250,550,996

Fund balances at end of year $ 53,303,686 714,835 16,177,312 3,864,052 76,135,406 130,223,964 280,419,255


STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS



20

Differences in amounts reported for governmental activities in the statement of activitieson pages 16-17:

Net change in fund balances - total governmental funds $ 29,868,259

Governmental funds report capital outlays as expenditures. However, in the statement of activitiesthe cost of those assets is allocated over their estimated useful lives and reported as depreciationexpense.

Capital outlay 170,145,617 Depreciation expense (31,173,570) 138,972,047

Donations of capital assets are not financial resources to governmental funds, but receiving donatedassets increases net assets in the statement of net assets. 3,217,751

In the statement of activities, the loss on the sale of capital assets is reported. However, in the governmental funds the proceeds from the sale of capital assets increase financial resources. The change in net assets differs from the change in fund balance by the net book value of assets disposed. (364,083)

Bond and loan proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net assets.

Proceeds from bonds (49,360,000)Proceeds from loans (45,245,000) (94,605,000)

Repayment of principal on long-term debt is an expenditure in governmental funds, but a reductionof long-term liabilities in the statement of net assets.

Bond and loan principal payments 14,158,472 Payment to refunding bond escrow agent 5,078,528 Payments on capital leases 164,279 19,401,279

Certain amounts reported in the statement of activities do not require the use of current financialresources and therefore are not reported as expenditures in the governmental funds.

Increase in compensated absences (1,124,127) Accrued interest on bonds 24,295 Amortization of deferred charges (130,630) Discount on bonds issued 475,602 Amortization of premium 235,156 Amortization of discount (27,412) Decrease in arbitrage rebate liability 47,391 Increase in allowance for doubtful accounts (68,893) (568,618)

Certain amounts reported in the statement of activities as deferred are reported as expenditures in the governmental funds. 801,939

Certain special assessments reported in the statement of activities as revenue are reported as deferred in the governmental funds. 131,963

The net expenditures of internal service funds are reported with governmental activities. (154,866)

Change in net assets - governmental activities $ 96,700,671



COLLIER COUNTY, FLORIDARECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDSTO THE STATEMENT OF ACTIVITIES

21

Variance withFinal Budget

Original Final FavorableBudget Budget Actual (Unfavorable)

Revenues: Taxes $ 179,032,300 179,032,300 172,232,558 (6,799,742) Licenses and permits 162,000 331,000 175,679 (155,321) Intergovernmental 32,812,600 32,860,450 37,046,386 4,185,936 Charges for services 17,217,113 18,194,229 18,220,287 26,058 Fines and forfeitures 5,824,100 5,824,100 5,957,891 133,791 Interest income 8,103,900 9,794,310 11,195,163 1,400,853 Miscellaneous 6,579,141 7,082,562 7,305,687 223,125

Total revenues 249,731,154 253,118,951 252,133,651 (985,300)

Expenditures: Current: General government

Board of county commissioners 954,100 955,136 925,134 30,002 County manager administrative 785,000 785,000 745,005 39,995 Budget and management 715,300 687,520 560,332 127,188 Administrative services 6,421,300 6,526,541 6,194,002 332,539 Human resources administration 1,516,700 1,477,700 1,460,037 17,663 Clerk of the Circuit Court 15,774,300 16,023,477 13,314,062 2,709,415 Property appraiser 6,243,937 6,243,937 4,890,211 1,353,726 Tax collector 7,717,514 7,722,753 7,711,962 10,791 County attorney 2,994,200 3,035,124 2,867,948 167,176 Natural resources 83,200 83,240 83,237 3 Circuit court costs 113,900 113,900 40,359 73,541 Courthouse security 833,900 847,400 805,240 42,160 County court cost 47,100 47,100 8,023 39,077 State attorney 265,900 265,900 255,371 10,529 Public defender 256,500 256,500 193,906 62,594 Other general administrative 3,527,500 3,651,521 3,607,709 43,812 Facilities management 7,180,800 7,309,800 7,240,329 69,471 Sheriff 2,717,500 2,717,500 2,535,803 181,697 Supervisor of elections 2,246,000 2,219,316 1,925,138 294,178 Real property management 828,100 832,100 777,845 54,255

Total general government 61,222,751 61,801,465 56,141,653 5,659,812

Public safetySheriff 96,144,900 98,063,722 97,792,544 271,178 Emergency management administration 391,600 2,817,847 1,431,352 1,386,495 Helicopter operations 1,332,300 1,354,797 1,329,697 25,100 Medical examiner services 796,200 796,200 777,482 18,718

Total public safety 98,665,000 103,032,566 101,331,075 1,701,491

Physical environmentConservation and resource management 1,637,800 1,824,194 1,567,860 256,334 Immokalee cemetery 15,900 15,900 15,666 234

Total physical environment 1,653,700 1,840,094 1,583,526 256,568


COLLIER COUNTY, FLORIDAGENERAL FUND

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESBUDGET AND ACTUAL (NON-GAAP)

22

Variance withFinal Budget

Original Final FavorableBudget Budget Actual (Unfavorable)

Economic environmentVeterans services 239,000 289,000 256,191 32,809 Housing and urban improvement 2,478,000 2,539,960 585,387 1,954,573

Total economic environment 2,717,000 2,828,960 841,578 1,987,382

Human servicesHealth Care Responsibility Act 50,000 50,000 4,274 45,726 Domestic animal services 2,211,400 2,261,400 2,226,944 34,456 Health department 1,462,200 1,612,759 1,515,684 97,075 Mental health 952,000 952,000 845,660 106,340 Client assistance 3,817,000 3,777,080 3,391,614 385,466 Public services division office 201,700 201,700 171,399 30,301

Total human services 8,694,300 8,854,939 8,155,575 699,364

Culture and recreationLibrary administration 5,719,300 5,735,300 5,626,402 108,898 Extension services 327,600 311,600 306,061 5,539 Beach and water park operation 2,975,500 3,042,261 2,490,068 552,193

Total culture and recreation 9,022,400 9,089,161 8,422,531 666,630

Capital Outlay 7,109,793 7,467,466 7,256,973 210,493

Debt Service 138,400 138,400 79,225 59,175

Total expenditures 189,223,344 195,053,051 183,812,136 11,240,915

Excess of revenues over expenditures 60,507,810 58,065,900 68,321,515 10,255,615

Other financing sources (uses): Transfers in 2,879,450 3,999,852 4,491,827 491,975 Transfers out (64,250,960) (69,119,472) (63,825,764) 5,293,708

Total other financing sources (uses) (61,371,510) (65,119,620) (59,333,937) 5,785,683

Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing (uses) (863,700) (7,053,720) 8,987,578 16,041,298

Fund balance at beginning of year 21,400,300 21,582,463

Fund balance at end of year $ 20,536,600 14,528,743

Reconciliation: Excess of revenues over expenditures (budgetary basis) $ 68,321,515 FEMA,non-budgeted revenue 3,317,864 Property Appraiser non-budgeted revenue 543,458 Property Appraiser non-budgeted operating expenditures (543,458) Net decrease in fair value of investments (432,797)

$ 71,206,582


23

GovernmentalActivities -

County Water Other Internal Serviceand Sewer Funds Total Funds

ASSETS

Current assets:

Cash and investments $ 56,469,073 25,886,882 82,355,955 20,584,400 Receivables: Trade, net 4,782,862 3,041,339 7,824,201 296,670 Special assessments 951,968 51 952,019 - Interest 398,443 39,631 438,074 - Unbilled revenue 2,783,184 9,955 2,793,139 - Due from other funds 9,303 43,944 53,247 538,821 Due from other governments 229,074 31,474 260,548 24,003 Deposits 12,020 - 12,020 220,357 Inventory 2,945,757 180,204 3,125,961 230,086 Restricted assets: Cash and investments 13,751,755 186,774 13,938,529 -

Total current assets 82,333,439 29,420,254 111,753,693 21,894,337

Noncurrent assets:

Receivables: Special assessments 3,657,112 - 3,657,112 - Notes 102,344 - 102,344 - Due from other governments - 315,597 315,597 - Deferred charges 1,268,674 210 1,268,884 - Capital assets: Land and nondepreciable capital assets 223,574,782 6,539,238 230,114,020 - Depreciable capital assets, net 410,343,664 16,090,112 426,433,776 628,532

Total noncurrent assets 638,946,576 22,945,157 661,891,733 628,532

Total assets $ 721,280,015 52,365,411 773,645,426 22,522,869

(CONTINUED)


PROPRIETARY FUNDSSEPTEMBER 30, 2004

Business-type ActivitiesEnterprise Funds

24


Internal County Water Other Service

and Sewer Funds Total FundsLIABILITIES


Accounts payable $ 1,904,964 1,768,730 3,673,694 395,261 Wages payable 455,629 437,418 893,047 62,643 Retainage payable 1,043,118 21,288 1,064,406 - Due to other funds 4,278 2,172 6,450 290,513 Due to other governments - 3,405 3,405 - Due to individuals - 31,633 31,633 - Self-insurance claims payable - - - 4,236,659 Compensated absences 146,985 98,502 245,487 16,677 Capital leases payable - 47,829 47,829 - Notes payable 2,088 - 2,088 - Refundable deposits 31,292 143,146 174,438 - Unearned revenue - 127,784 127,784 - Interest payable 1,432,945 - 1,432,945 - Bonds and loans payable 7,024,765 - 7,024,765 - Liabilities payable from restricted assets: Accounts payable 4,392,042 35,027 4,427,069 - Retainage payable 8,179,730 30,739 8,210,469 - Notes payable 82,770 - 82,770 - Unearned revenue 1,097,213 121,008 1,218,221 -

Total current liabilities 25,797,819 2,868,681 28,666,500 5,001,753


Self-insurance claims payable - - - 6,686,341 Compensated absences 832,912 558,171 1,391,083 94,502 Capital leases payable - 24,708 24,708 - Landfill post-closure liability - 4,374,790 4,374,790 - Bonds and loans payable, net 131,156,992 - 131,156,992 -

Total noncurrent liabilities 131,989,904 4,957,669 136,947,573 6,780,843 Total liabilities 157,787,723 7,826,350 165,614,073 11,782,596

NET ASSETS

Invested in capital assets, net of related debt 496,920,505 22,557,023 519,477,528 628,532 Restricted for growth related capital expansion 2,413,509 - 2,413,509 - Restricted for renewal and replacement 300,000 - 300,000 - Restricted for debt service 8,929,350 - 8,929,350 - Unrestricted 54,928,928 21,982,038 76,910,966 10,111,741

Total net assets $ 563,492,292 44,539,061 608,031,353 10,740,273

Cumulative consolidation adjustment for internal service fund activities related to enterprise funds. 651,630

Net assets of Business-type Activities $ 608,682,983



PROPRIETARY FUNDSSEPTEMBER 30, 2004

Enterprise FundsBusiness-type Activities

25


County Water Other Internal Serviceand Sewer Funds Total Funds

Operating revenues: Charges for services $ 64,725,897 35,145,268 99,871,165 49,766,150 Miscellaneous 206,379 148,348 354,727 428,904

Total operating revenues 64,932,276 35,293,616 100,225,892 50,195,054

Operating expenses: Personal services 17,463,371 15,241,944 32,705,315 2,169,374 Operating 21,710,704 28,969,370 50,680,074 42,579,789 Depreciation and amortization 17,663,580 2,033,158 19,696,738 186,363

Total operating expenses 56,837,655 46,244,472 103,082,127 44,935,526

Operating income (loss) 8,094,621 (10,950,856) (2,856,235) 5,259,528

Non-operating revenues (expenses): Operating grants and contributions - 31,091 31,091 - Interest income 4,095,329 252,979 4,348,308 70,102 Net decrease in fair value of investments (1,032,210) (385,090) (1,417,300) (272,116) Interest expense (4,247,802) (121,482) (4,369,284) (23) Gain (loss) on disposal of capital assets 78,598 (148,742) (70,144) (4,305,462)

Total non-operating revenues (expenses) (1,106,085) (371,244) (1,477,329) (4,507,499)

Income (loss) before contributions and transfers 6,988,536 (11,322,100) (4,333,564) 752,029

Capital grants and contributions 29,540,853 2,499,073 32,039,926 458,910 Transfers in 147,049 8,989,818 9,136,867 - Transfers out (1,073,157) (534,705) (1,607,862) -

Change in net assets 35,603,281 (367,914) 35,235,367 1,210,939

Net assets - beginning 527,889,011 44,906,975 9,529,334

Net assets - ending $ 563,492,292 44,539,061 10,740,273

Cumulative consolidation adjustment for internal service fund activities related to enterprise funds. 1,365,805

Change in net assets of Business-type Activities $ 36,601,172




FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004PROPRIETARY FUNDS

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS

26


County Other Internal ServiceWater and Sewer Funds Total Funds

Cash flows from operating activities:Cash received for services $ 63,334,439 30,631,492 93,965,931 810,121 Cash received from other funds for services - - - 50,918,598 Cash received on behalf of other governments - 415 415 - Cash received from customer deposits 6,130 1,209,871 1,216,001 - Cash received from retirees for services - - - 642,875 Cash payments on behalf of retirees - - - (492,026) Cash payments to other governments (5) - (5) - Cash payments for goods and services (21,895,382) (23,696,785) (45,592,167) (41,923,813) Cash payments to employees (17,340,117) (15,069,346) (32,409,463) (2,158,426) Cash payments on customer deposits (26,173) (1,315,046) (1,341,219) -

Net cash provided by (used for) operating activities 24,078,892 (8,239,399) 15,839,493 7,797,329

Cash flows from non-capital financing activities:Cash received from operating grants - 35,510 35,510 - Cash transfers from other funds 153,368 8,869,544 9,022,912 - Cash transfers to other funds (1,073,157) (534,705) (1,607,862) -

Net cash provided by (used for) non- capital financing activities (919,789) 8,370,349 7,450,560 -

Cash flows from capital and related financing activities:

System development charges 25,641,401 - 25,641,401 - Cash contributions received 262,858 - 262,858 - Special assessment collections 893,814 6,859 900,673 - Special assessment interest 369,593 1,674 371,267 - Proceeds from disposal of capital assets 79,881 57,891 137,772 - Proceeds from capital grants 196,291 1,012,990 1,209,281 - Proceeds from state loans 20,647,471 - 20,647,471 - Payments for capital acquisitions (69,376,558) (1,487,925) (70,864,483) (996,474) Payments for bond closing costs (59,225) - (59,225) - Principal payments on notes (2,233,491) - (2,233,491) - Principal payments on bonds (4,645,000) - (4,645,000) - Principal payments on leases (12,634) (79,717) (92,351) (7,230) Interest and fiscal agent fees paid (4,303,625) (4,541) (4,308,166) (23)

Net cash used for capital and related financing activities (32,539,224) (492,769) (33,031,993) (1,003,727)

Cash flows from investing activities:Interest on investments 4,352,644 256,297 4,608,941 70,100 Change in fair value of investments (1,032,210) (385,090) (1,417,300) (272,114)

Net cash provided by (used for) investing activities 3,320,434 (128,793) 3,191,641 (202,014)

Net increase (decrease) in cash and investments (6,059,687) (490,612) (6,550,299) 6,591,588

Cash and investments, October 1, 2003 76,280,515 26,564,268 102,844,783 13,992,812

Cash and investments, September 30, 2004 $ 70,220,828 26,073,656 96,294,484 20,584,400

(CONTINUED)


COLLIER COUNTY, FLORIDASTATEMENT OF CASH FLOWS

PROPRIETARY FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

27


Internal County Other Service

Water and Sewer Funds Total Funds

Operating income (loss) $ 8,094,621 (10,950,856) (2,856,235) 5,259,528

Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation expense 17,090,189 2,032,945 19,123,134 186,363 Amortization of capital improvement projects - 212 212 - Amortization of bond issuance costs 512,936 - 512,936 - Amortization of utility acquisition adjustment 60,455 - 60,455 - (Increase) decrease in accounts receivable (2,436,929) (1,009,833) (3,446,762) 147,281 (Increase) decrease in due from other funds - (5,739) (5,739) 1,765,317 Decrease in due from other governments 891,649 - 891,649 - (Increase) in advances and deposits - - - (125,728) (Increase) decrease in inventory (576,261) 4,616 (571,645) (54,538) Increase (decrease) in accounts payable 365,093 189,257 554,350 84,032 Increase in wages payable 95,290 129,205 224,495 15,688 Increase (decrease) in due to other funds 3,235 (43,409) (40,174) (306,874) Increase (decrease) in due to other governments (5) 3,254 3,249 - Increase in due to individuals - 31,633 31,633 - Increase in compensated absences 27,964 43,393 71,357 (4,740) (Decrease) in customer deposits (20,043) (105,175) (125,218) - (Decrease) in unearned revenue - (6,233) (6,233) - (Decrease) in arbitrage rebate (29,302) - (29,302) - Increase in self-insurance claims payable - - - 831,000 Increase in landfill post closure liability - 1,447,331 1,447,331 -

Total adjustments 15,984,271 2,711,457 18,695,728 2,537,801

Net cash provided by (used for) operating activities $ 24,078,892 (8,239,399) 15,839,493 7,797,329

Non-cash investing, capital and financing activities:

The enterprise funds experienced a non-cash investing loss due to a change in the fair value of non-cash and cashequivalents as follows:

County Water and Sewer $ 1,032,210 Other funds 385,090

Total $ 1,417,300

There were non-cash developer contributions of $3,012,127 in the County Water and Sewer District Fund.

There were non-cash contributions of $3,136 from other funds in the Nonmajor Enterprise - Solid Waste Disposal Fund.

There were non-cash contributions of $2,075,294 from other funds in the Nonmajor Enterprise - Emergency Medical Services Fund.

There were non-cash contributions of $36,171 from other funds in the Nonmajor Enterprise - Airport Authority Fund.


Enterprise FundsBusiness-type Activities

COLLIER COUNTY, FLORIDASTATEMENT OF CASH FLOWS

PROPRIETARY FUNDS (CONTINUED)FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES

28

AgencyFunds

ASSETS

Cash and investments $ 37,282,752 Receivables: Interest receivable 48,953 Other 24,865 Due from other governments 433,377

Total assets $ 37,789,947

LIABILITIES

Due to other governments $ 8,909,681 Due to individuals 693,434 Refundable deposits 19,096,225 Due to special assessment bondholders 9,090,607

Total liabilities $ 37,789,947


COLLIER COUNTY, FLORIDA STATEMENT OF FIDUCIARY ASSETS AND LIABI.ITIES

FIDUCIARY FUNDS SEPTEMBER 30, 2004

29


COLLIER COUNTY, FLORIDA NOTES TO THE FINANCIAL STATEMENTS

SEPTEMBER 30, 2004

31

INDEX

NOTE PAGE NUMBER

1 Summary of Significant Accounting Policies 32

2 Cash, Cash Equivalents and Investments 40

3 Trade Receivables 42

4 Interfund Transactions 42

5 Capital Assets 44

6 Long-Term Debt 45

7 Revenue Bonds Administered by the State of Florida 51

8 Conduit Debt Obligations 51

9 Excess of Expenditures over Appropriations 52

10 Defeased Debt 52

11 Pension Plan Obligations 53

12 Operating Transfers 54

13 Net Assets 54

14 Risk Management 55

15 Other Postemployment Benefits 57

16 Landfill Liability 57

17 Significant Contingencies 58

18 Significant Commitments 58

19 Subsequent Events 59


SEPTEMBER 30, 2004

32

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES THE REPORTING ENTITY The primary government consists of Collier County, a political subdivision of the State of Florida that was established in 1923 by the Florida State Legislature. The County is governed by a Board of County Commissioners which consists of five members elected within single member districts. In addition, there are five Constitutional Officers; the Tax Collector, Property Appraiser, Sheriff, Clerk of the Circuit Court and Supervisor of Elections. The Constitutional Officers are elected county wide. The Board of County Commissioners budgets and provides all funding used by the separate Constitutional Officers with the exception of fees collected by the Clerk of the Circuit Court and the Tax Collector. Under the direction of the Clerk of the Circuit Court, the Collier County Finance and Accounting Department maintains the accounting system for the operations of the Board of County Commissioners, Supervisor of Elections and the Clerk of the Circuit Court. The Tax Collector, Property Appraiser and Sheriff each maintain their own accounting systems. For financial reporting purposes the operations of the Board of County Commissioners and the Constitutional Officers are combined and presented as the primary government. Component units are legally separate agencies that the primary government is financially accountable for or organizations which should be included in the reporting entity because of the nature and significance of their relationship with the primary government. Financial accountability is determined by the primary government's ability to appoint the voting majority of the entity's board, impose its will on the organization, and the existence of a financial benefit/burden relationship or fiscal dependency. The County's blended comp onent units consist of organizations whose respective governing Boards are composed entirely of the Board of County Commissioners serving ex-officio. These entities are legally separate, however financial support has been pledged and financial or operational policies may be significantly influenced by the County. In accordance with General Accounting Standards Board (GASB) Statement 14, "The Financial Reporting Entity", these organizations are reported as if they were part of the County's operations. The financial position and results of operations of the following blended component units are accounted for in enterprise funds and can be found in the proprietary section of this report:

Collier County Water and Sewer District The District was established by Chapter 88-499, Laws of Florida, to provide water, sewer and effluent services to certain portions of the unincorporated area of Collier County. The District currently operates three wastewater treatment facilities and two water treatment plants. Goodland Water District The District was established by a Special Referendum Election authorized by Collier County Ordinance 75-5 and Section 125.01(q), Florida Statutes. The District provides potable water service to the residents of Goodland.

The County's discretely presented component units consist of organizations whose five member bodies are appointed by the Board of County Commissioners. The County is able to impose its will on these entities because of its discretionary ability to remove appointed members from the component units' Boards. GASB Statement 14, "The Financial Reporting Entity", requires that the financial data of these organizations be reported in separate columns to emphasize that they are legally separate from the County. Accordingly, the funds of the following organizations can be found discretely presented in the combined financial statements:


SEPTEMBER 30, 2004

33

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED THE REPORTING ENTITY – CONTINUED

Collier County Health Facilities Authority

The Authority was established in 1979 by Collier County Ordinance 79-75 for the purpose of assisting health facilities in the acquisition, construction and financing of projects within the County. The Authority has no assets, liabilities or equity and has not generated any revenues or incurred any expenditures. Therefore, no financial position or results of operations are reported in the accompanying financial statements. Outstanding conduit debt issued by the Authority is reported in Note 8, "Conduit Debt Obligations".

Collier County Housing Finance Authority

The Authority was formed in 1980 by Collier County Ordinance 80-66 for the purpose of stimulating the construction of residential housing for low and moderate income families through the use of public financing. The Authority maintains its own financial records, but does not issue separate, stand alone financial statements. Their financial position and results of operations are reported in the accompanying financial statements and the outstanding conduit debt issued by the Authority is disclosed in Note 8, "Conduit Debt Obligations".

Collier County Industrial Development Authority

The Authority was created in 1978 by Collier County Resolution 78-94 to facilitate the financing of projects that promote economic growth and increase opportunities for employment in the County. The Authority maintains its own financial records, but does not issue separate, stand alone financial statements. Their financial position and results of operations are reported in the accompanying financial statements and the outstanding conduit debt issued by the Authority is disclosed in Note 8, "Conduit Debt Obligations".

Collier County Educational Facilities Authority

The Authority was created in 1999 by Collier County Resolution 99-177 to assist institutions for higher education in the construction, financing and refinancing of projects. The Authority maintains its own financial records, but does not issue separate, stand alone financial statements. Their financial position and results of operations are reported in the accompanying financial statements and the outstanding conduit debt issued by the Authority is disclosed in Note 8, “Conduit Debt Obligations”.

Complete financial information on the individual component units can be obtained from their respective administrative offices or from the Finance Department of the Clerk of the Circuit Court.

Administrative Offices:

Collier County Water and Sewer District 3301 East Tamiami Trail Naples, Florida 34112 Goodland Water District 3301 East Tamiami Trail Naples, Florida 34112 Collier County Educational Facilities Authority 3050 N. Horseshoe Drive, Suite 120 Naples, Florida 34104

Collier County Health Facilities Authority 5811 Pelican Boulevard, Suite 210 Naples, Florida 34108 Collier County Industrial Development Authority 3050 N. Horseshoe Drive, Suite 120 Naples, Florida 34104 Collier County Housing Finance Authority 5811 Pelican Boulevard, Suite 210 Naples, Florida 34108


SEPTEMBER 30, 2004

34

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED GOVERNMENT WIDE AND FUND FINANCIAL STATEMENTS

The basic financial statements are made up of the government wide financial statements and fund financial statements. Both of these sets of financial statements distinguish between the governmental and business type activities of Collier County. The government wide financial statements consist of a Statement of Net Assets and a Statement of Activities. These statements report on the consolidated financial condition of Collier County, at the reporting entity level. Consolidation of interfund activities is used to show financial results and internal balances represent net amounts due between the governmental and business type activities. As a general rule, the effect of interfund activity has been eliminated from the government wide financial statements. Fiduciary funds are also not included in these presentations as their assets do not represent amounts that are available for Collier County government operations. The Statement of Net Assets reports all financial and capital resources of Collier County’s governmental and business-type activities. Net assets equal assets minus liabilities, and is shown in three categories: invested in capital assets, net of related debt; restricted net assets and unrestricted net assets. The Statement of Activities reports results of operations on a function activity (program) basis and demonstrates to what degree the particular program has been self-supporting.

Program revenues are reported in the following three categories: charges for services, operating grants and contributions and capital grants and contributions. Charges for services are amounts charged to customers for a particular service, and are netted against the cost of the relevant program. Internal charges for indirect services are allocated across functions as direct expenses. Grants and contributions refer to revenues restricted for capital or operational use in a particular program. The category general revenues encompasses all other revenue types and represents revenue collected to support all functions of Collier County government.

The fund financial statements follow the government wide statements and report more detailed information about operations of major funds on an individual basis and nonmajor funds on an aggregate basis for the governmental, proprietary and fiduciary funds. Following each governmental fund financial statement is a reconciliation explaining the differences between the governmental fund presentation and the government wide presentation. BASIS OF PRESENTATION

The following are reported as major governmental funds:

General Fund – the General fund is the general operating fund of the County. All general tax revenues and other receipts that are not accounted for in other funds are accounted for in the general fund. The general operating funds of the Clerk of the Circuit Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector represent sub funds of the County's general fund that are held and accounted for individually, but are presented together with the Board of County Commissioners' general fund. Impact Fees Escrow Special Revenue Fund – the Impact Fees Escrow Special Revenue fund is used to account for impact fees relating to certain projects under construction. Impact fees proceeds are removed from escrow as permits are issued and the related monies are placed in their respective impact fee fund. Road Impact Districts Fund – the Road Impact Districts Capital Project fund is used to account for the receipt and expenditure of road impact fees collected from qualifying new construction. The impact fees must be used for the acquisition and construction of transportation related facilities by district. Parks Impact Districts Fund – the Parks Impact Districts Capital Project fund is used to account for the receipt and expenditure of park impact fees collected from qualifying new construction. The impact fees must be used for the acquisition of community parks by district. Road Construction Fund – the Road Construction fund is used to account for the receipt and expenditure of local option, State allocated gas tax and commercial paper loan program proceeds. Projects include, but are not limited to, right-of-way acquisition, design and construction of various transportation improvements.


SEPTEMBER 30, 2004

35

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED BASIS OF PRESENTATION – CONTINUED

The following are reported as major enterprise funds:

County Water and Sewer Fund – the County Water and Sewer fund is used to account for the provision of water, wastewater and effluent services to certain portions of the County’s unincorporated area.

Collier County also maintains the following nonmajor fund types:

Special Revenue Funds – Special revenue funds are used to account for the accumulation of resources set aside for a specific purpose.

Debt Service Funds – Debt service funds are used to account for the accumulation of resources for the payment of principal, interest and other expenditures on long-term obligations, other than bonds and notes payable from the operations of business-type activities.

Capital Project Funds – Capital project funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds.

Enterprise funds – Enterprise funds are used to account for activities for which a fee is charged to external users for goods or services.

Internal Service Funds – Internal service funds are used to account for the provision of goods and services by one department to another department within the County or to other governmental units on a cost reimbursement basis.

Agency Funds – Agency funds are custodial in nature and do not report the results of operations (assets equal liabilities). Agency funds are clearing accounts for assets held by the government as an agent for individuals, private organizations or other governments. The Board of County Commissioners, Sheriff, Clerk of the Circuit Court and Tax Collector all maintain agency funds. BASIS OF ACCOUNTING AND MEASUREMENT FOCUS Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied. The government wide financial statements, as well as the fund financial statements for the proprietary funds, are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recognized in the period in which they are earned and expenses are recognized in the period incurred. Grant revenues are recognized when eligibility requirements are met and related amounts are available from the grantor. The intent in proprietary operations is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed primarily through user charges, or where periodic determination of revenues earned, expenses incurred, and/or net income is deemed appropriate for capital maintenance, public policy, management control, accountability or other purposes. Proprietary funds distinguish operating revenues and expenses from non-operating items . Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. All governmental fund financial statements are reported using a current financial resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized in the period


SEPTEMBER 30, 2004

36

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED BASIS OF ACCOUNTING AND MEASUREMENT FOCUS – CONTINUED

in which they become both measurable and available to finance expenditures of the current period. Available means collectible within the current period or soon enough thereafter, generally 60 days, to be used to pay liabilities of the current period. Primary revenues including special assessments, non-grant intergovernmental revenues, charges for services and interest are treated as susceptible to accrual under the modified accrual basis. In applying the susceptibility-to-accrual concept to grant revenues, the legal and contractual requirements of the numerous individual programs are used as guidance. In addition, grant revenues are considered available if they are expected to be collected within one year of the end of the current fiscal period.

Property taxes are discussed later in this footnote. Other revenue sources are not considered measurable and available and are not treated as susceptible to accrual. Expenditures are recorded when the related fund liability is incurred. Exceptions to this general rule include accrued compensated absences and principal and interest on long-term debt.

BUDGETS AND BUDGETARY DATA

The following are the statutory procedures followed by the Board of County Commissioners in establishing the budgets for the County:

1) Within fifteen days after certification of the ad valorem tax roll by the Property Appraiser, the County budget officer prepares and presents to the Board a tentative budget for the ensuing fiscal year. The budget includes all estimated receipts, balances to be brought forward, and all estimated expenditures, reserves and balances to be carried forward at the end of the year as specified in Section 129.03, Florida Statutes.

2) Within eighty days of the certification of value, but not earlier than sixty-five days after certification, the Board holds a public hearing on the tentative budget and proposed millage rate. At this hearing the Board amends and adopts the tentative budget, recomputes the proposed millage rate, and announces publicly the percentage, if any, by which the recomputed proposed millage rate exceeds the rolled-back rate. If the millage rate tentatively adopted exceeds that proposed, each taxpayer within the jurisdiction is notified of the increase by first class mail, at the expense of the Board.

3) Within fifteen days of the meeting adopting the tentative budget, the Board advertises the County's intent to adopt a final budget and millage rate.

4) A public hearing is held by the Board to finalize the budget and adopt a millage rate. This hearing is held not less than two days and not more than five days after the day that the advertisement is first published. Prior to September 30, the millage levy is adopted by a separate vote. In no event is the millage rate adopted allowed to exceed the tentatively adopted millage rate. This is followed by the approval and ratification of the final budget.

5) The resolution approved at the final hearing is forwarded to the Property Appraiser, Tax Collector and Florida Department of Revenue; not later than thirty days following the adoption of the Resolution, the Board certifies to the State of Florida, Department of Revenue, Division of Ad Valorem Tax, that it has complied with the provisions of Chapter 200, Florida Statutes.

6) The County Manager approves intradepartmental budget changes less than $50,000 that do not alter the total expenditures of the department. All other budgetary changes must be approved by the Board of County Commissioners as a matter of policy. The initial adopted budget was amended during the fiscal year in accordance with the Florida Statutes.

7) Florida Statute Section 129.07, as amended in 1978, provides that expenditures in excess of total fund budgets are unlawful. However, because the Board approves all budgetary changes between departments, except those approved by the County Manager, the lower of fund or department becomes the level of control.


SEPTEMBER 30, 2004

37

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED BUDGETS AND BUDGETARY DATA – CONTINUED Formal budgetary integration is employed as a management control device during the fiscal year for all fund types. Budgets have been legally adopted by the Board for all Board funds except for agency funds and the following special revenue funds: County Drug Abuse, Impact Fees Escrow, Euclid and Lakeland Assessment, Court Information Technology and Crime Prevention. The Property Appraiser and the Tax Collector adopt budgets for their general funds independently of the Board.

The Clerk of the Circuit Court (to the extent of his function as ex-officio Clerk to the Board and the amounts of his fee structure as Clerk to the Circuit and County Courts), Sheriff, and Supervisor of Elections prepare budgets for their general funds, which are submitted to and approved by the Board. The Sheriff does not prepare a budget for the Sheriff’s Grant Fund, Inmate Welfare or Federal Equitable Sharing.

Budgets are adopted for all governmental funds except as described in the previous paragraph. These budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP) except for certain non-budgeted revenues, mark to market activity and deferral of impact fees. All unencumbered appropriations lapse at the end of the current year. Capital project costs are budgeted in the year they are anticipated to be obligated. In subsequent years, the unused budget is reappropriated until the project is completed. Proprietary funds are budgeted on a basis consistent with generally accepted accounting principles, except that capital related and debt transactions are based upon cash receipts and disbursements. Estimated beginning fund balances are considered in the budgetary process.

For purposes of the budgetary presentation, certain transactions that have been accounted for in the governmental funds statements of revenues, expenses and changes in fund balance have not been reflected in the budgetary financial statements. Specifically, $829,712 of transfers from the General Fund to the Airport Authority this year represent the increase over the past fiscal year in an interfund loan that management has now considered will not be repaid within a reasonable period of time. Under governmental accounting standards, advances not expected to be repaid within a reasonable period of time should be treated as transfers for financial statement purposes.

CASH AND CASH EQUIVALENTS AND INVESTMENTS The County maintains a cash and investment pool for all funds. Interest earned is allocated based on the individual fund's average daily balance in the cash pool. Pursuant to the provisions of GASB Statement 31, "Accounting and Financial Reporting for Certain Investments and for External Investment Pools", all investments are stated at fair value.

Cash equivalents are defined as short-term highly liquid investments with maturities of three months or less from the date purchased. Additionally, the individual fund's equity in the cash and investment pool is considered to be cash equivalent.

ACCOUNTS RECEIVABLE – UNBILLED REVENUE Unbilled charges for services are accrued in the County Water and Sewer funds by prorating subsequent bills.

INVENTORIES AND PREPAID COSTS Inventory is valued at cost which approximates fair value, using the first-in, first-out method. Inventory in the governmental funds consists of supplies held for consumption. The cost is recorded as an expenditure at the time inventory items are consumed. Inventories and prepaid costs reported within governmental funds are offset by a reserve, which indicates that they do not constitute available resources. Inventories and prepaid costs in the government wide and proprietary fund financial statements are reported as an expense when consumed. CAPITAL ASSETS Land, buildings, improvements and equipment are stated at cost. Capital contributions are recorded at their fair value on the date donated. Facilities constructed using system development impact fees, collected from developers and customers, are stated at cost.


SEPTEMBER 30, 2004

38

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED CAPITAL ASSETS – CONTINUED

The County capitalizes expenditures with a cost of $1,000 or more and with a useful life in excess of one year. Expenditures for maintenance and repairs are charged to operating expenses. The cost of assets retired or sold, together with the related accumulated depreciation, is removed from the accounts and any gain or loss on disposition is credited or charged to earnings.

Depreciation is calculated using the straight-line method. The estimated useful life of the various classes of depreciable capital assets is as follows:

Fixed Asset

Estimated Useful Life

Buildings 20-40 years Infrastructure 30 years Improvements other than buildings 2-40 years Machinery and equipment 3-10 years

CAPITAL LEASE OBLIGATIONS

In the government-wide financial statements and proprietary fund financial statements capital lease obligations and the related cost of assets acquired are reflected in the Statement of Net Assets. For capital lease obligations originating in governmental funds, an expenditure for the asset and the offsetting amount of the financing source is reflected in the fund financial statements. BOND PREMIUMS, DISCOUNTS AND ISSUANCE COSTS

Bond premiums, discounts and issuance costs for the government wide financials and the proprietary fund financials are deferred and amortized over the term of the bonds using the interest method and the straight-line method, respectively. Bond discounts are presented as a reduction of the face amount of bonds payable, premiums as an increase, while issuance costs are recorded as deferred charges, which are shown on the face of the Statement of Net Assets as a component of noncurrent assets. In the governmental fund financials, bond premiums, discounts and issuance costs are recognized in the current period. DEFEASANCE OF DEBT REPORTED BY PROPRIETARY FUNDS

GASB Statement 23, "Accounting and Financial Reporting for Refundings of Debt Reported by Proprietary Activities," is applicable to the proprietary funds. For refundings resulting in the defeasance of debt reported by proprietary activities, this statement requires that the difference between the reacquisition price and the net carrying amount of the old debt be deferred and amortized over the shorter of the life of the new debt or the remaining life of the old debt as a component of interest expense. The straight-line method is used for amortization of the deferred charge. INTEREST COST

Interest cost is charged to expense or expenditure as incurred, except for interest capitalized in the proprietary funds, in accordance with the provisions of Financial Accounting Standards Board (FASB) Statement 34, "Capitalization of Interest Cost", and FASB Statement 62, "Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants," when applicable. ACCOUNTING TREATMENT FOR IMPACT FEES

Impact fee receipts are recorded as revenue as soon as the County has an enforceable legal claim to the resources. An enforceable legal claim arises when expenditures have been incurred or the refund period expires on the impact fee. As such, deferred revenue balances in the impact fee fund financials represent accumulations of unspent impact fees, prior to the expiration of the refund period. These amounts are recorded as unearned revenue at the entity wide level.


SEPTEMBER 30, 2004

39

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED PROPERTY TAXES Property taxes become due and payable on November 1st of each year and become delinquent on April 1st of the following year. Discounts on property taxes are allowed for payments made prior to the April 1st delinquent date as follows: November - 4%, December - 3%, January - 2%, and February - 1%. Tax certificates for the full amount of any unpaid taxes must be sold not later than June 1st of each year. No accrual for the property tax levy becoming due in November 2003 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. Property taxes receivable and a corresponding allowance for uncollectible property taxes are not included in the financial statements, as there are no delinquent taxes as of September 30, 2004. Key dates in the property tax cycle for the fiscal year ended September 30, 2004 are as follows:

Property Tax Cycle Date

Assessment roll compiled January 1, 2003

Assessment roll certified July 1, 2003

Millage resolution approved No later than 95 days following certification of assessment

Beginning of fiscal year for tax levy October 1, 2003

Taxes due and payable (levy date) November 1, 2003

Property taxes payable: Maximum discount 30 days after levy date

Due date March 31, 2004

Delinquent (lien date) April 1, 2004

Tax certificates sold Prior to June 1, 2004 ACCRUED COMPENSATED ABSENCES The County follows the provisions of GASB Statement 16, "Accounting for Compensated Absences". This statement provides for the measurement of accrued vacation leave and other compensated absences using the pay or salary rates in effect at the balance sheet date. It also requires additional amounts to be accrued for certain salary related payments associated with the payment of compensated absences. It is the County's policy to allow employees to accumulate an unlimited number of hours of unused sick leave and up to 240 hours of unused vacation leave. Effective March 1, 1996 the County modified the policy for sick leave pay upon termination. Employees of record on August 2, 1996 may be granted a sick leave payment upon termination for any service period earned prior to August 2, 1996. No employee hired after August 2, 1996 shall receive payment for accrued sick leave upon termination. Upon termination, employees are granted 100% of allowable vacation hours at the current rate of pay. Accrued compensated absences are recorded as liabilities in the government-wide financial statements and the proprietary fund financials. The portion estimated to be paid in the next twelve months is recorded as a short-term liability, and is liquidated by resources reserved within the respective fund. APPLICATION OF FASB PRONOUNCEMENTS TO PROPRIETARY FUNDS In accordance with GASB Statement 20, “Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting”, the County has elected not to apply those FASB Statements and Interpretations issued after November 30, 1989.


SEPTEMBER 30, 2004

40

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED ACCOUNTING ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimated. NOTE 2 – CASH, CASH EQUIVALENTS AND INVESTMENTS The County maintains a cash and investment pool that is available for use by all funds. Each fund type's portion of this pool is displayed on the combined balance sheet under the heading of Cash and Investments. Investment income is allocated monthly to participating funds based on the percentage of each fund's average daily balance in the total pool. In addition, certain investments are separately held by trustees in accordance with bond indentures and other contractual agreements. DEPOSITS All cash deposits are held in qualified public depositories pursuant to Florida Statutes Chapter 280, "Florida Security for Public Deposits Act". Under the Act, all qualified public depositories are required to pledge eligible collateral having a market value equal to or greater than the average daily or monthly balance of all public deposits, multiplied by the depository's collateral pledging level. The pledging level may range from 50% to 125% depending upon the depository's financial condition. Any losses to public deposits are covered by applicable deposit insurance, sale of securities pledged as collateral, and if necessary, assessments against other qualified public depositories of the same type as the depository in default. At September 30, 2004 the County had demand deposits with a book balance and a bank balance of $28,180,050 and $33,488,875, respectively. These demand deposits include discretely presented component unit deposits with a book balance and a bank balance of $145,732, and a certificate of deposit in the amount of $3,358,461, the yield from which is used to pay bank charges. These deposits were fully covered by federal depository insurance or by collateral, in the County's name as required by Sections 280.07 and 280.08 of the Florida Statutes. INVESTMENTS The County's investment practices are governed by Florida Statutes 125.31 and the County's investment policy as adopted by County Ordinance 87-65. The County is authorized to invest in obligations of the U.S. Treasury, its agencies and instrumentalities, commercial paper, bankers' acceptances, repurchase agreements, certificates of deposits and the Local Government Surplus Funds Trust Fund. The Local Government Surplus Funds Trust Fund (SBA) is maintained by the State of Florida. The County invested in the SBA throughout the year, and had a balance in the pool as of September 30, 2004, as reported below. The Local Government Surplus Funds Trust Fund met the Governmental Accounting Standards Board’s definition of a “2a-7 like” pool as of September 30, 2004. The SBA investment book balance is equal to the share value of the pool, valued at amortized cost, which constitutes fair value at September 30, 2004. As with any investment, the securities held by the County are sensitive to different elements of risk. The major risks are market, legal and credit risk. Market risk relates to the risk that the market value of an investment will decline during the life of the investment. The level of market risk is determined by such factors as the length of time before the investment matures and the likelihood of an investment being sold before its maturity in order to meet operational requirements.


SEPTEMBER 30, 2004

41

NOTE 2 - CASH, CASH EQUIVALENTS AND INVESTMENTS – CONTINUED INVESTMENTS – CONTINUED Legal risk is the exposure to a transaction being determined to be prohibited by law, regulation or contract. Management believes the level of legal risk exposure to the County’s portfolio is minimal. Credit risk relates to whether or not the County will be able to recover its investments in a security at the maturity date. The County's investments are categorized to provide an indication of the level of credit risk assumed by the County. Category 1 includes investments that are insured or registered, or securities held by the County or its agent in the County's name. Category 2 includes uninsured and unregistered investments for which the securities are held by the counterparty's trust department or agent in the County's name. Category 3 includes uninsured and unregistered investments for which the securities are held by the counterparty or by its trust department or agent, but not in the County's name. Investments that are not evidenced by securities in physical or book entry form are not categorized. Reconciliation of cash and investments to the financial statements, as of September 30, 2004:

At September 30, 2004 the County's investments, including cash equivalents, were categorized as follows:

Government - AgencyWide Funds Total

Cash on hand $ 58,000 - 58,000 Demand deposits 16,457,296 11,722,754 28,180,050 Investments, including cash equivalents 508,873,443 25,559,998 534,433,441 Total cash and investments $ 525,388,739 37,282,752 562,671,491

Government-Wide Agency FundsCredit Risk Category Fair Value Fair Value Total

Category 1:U.S. Agency Securities $ 87,065,628 1,922,341 88,987,969 U.S. Treasury Obligations 347,634,894 8,074,606 355,709,500 Total Category 1 434,700,522 9,996,947 444,697,469

Not Categorized:Local Government Surplus Funds Trust Fund 74,172,921 15,563,051 89,735,972 - - Total investments, including cash equivalents $ 508,873,443 25,559,998 534,433,441


SEPTEMBER 30, 2004

42

NOTE 3 - TRADE RECEIVABLES Trade receivables for governmental and business-type activities are net of an allowance for doubtful accounts as follows:

NOTE 4 - INTERFUND TRANSACTIONS Advances to and advances from other funds at September 30, 2004 were as follows:

Trade Allowance for Net TradeReceivables Doubtful Accounts Receivables

Governmental-type Activities:General Fund $ 314,844 60,650 254,194 Road Impact Districts 42,740 - 42,740 Parks Impact Districts 27,350 420 26,930 Road Construction 285,639 35,027 250,612 Nonmajor governmental funds 3,621,729 451,768 3,169,961 Internal service funds 296,670 - 296,670 Total Governmental-type Activities $ 4,588,972 547,865 4,041,107

Business-type Activities:County Water and Sewer $ 4,782,862 - 4,782,862 Nonmajor enterprise funds 20,646,019 17,604,680 3,041,339 Total Business-type Activities $ 25,428,881 17,604,680 7,824,201

Advance To Advance FromGovernmental-type Activities:

General FundAdvances have been made from the General Fund to the Other Capital Projects Fund for capital improvements. Reimbursement will take place in quarterly installments over the next six years. $ 308,205 - Total General Fund 308,205 -

Nonmajor governmental funds:

Improvement Districts FundAdvances have been made from the Other Capital Projects Fund to the Improvement Districts Fund for purposes of capital improvement. Reimbursement of $200,000 will occur within the next year. - 200,000

Museum - 308,205 Other Capital Project Funds 200,000 -

Total nonmajor governmental funds 200,000 508,205

Total $ 508,205 508,205


SEPTEMBER 30, 2004

43

NOTE 4 - INTERFUND TRANSACTIONS – CONTINUED Due from and due to other funds at September 30, 2004 were as follows:

Interfund receivables and payables generally represent recurring activities between funds as well as temporary deficit cash balances.

Due From Due ToGovernmental Activities:

General Fund $ 2,217,851 1,299,362 Road Impact Districts - 1,851 Road Construction - 1,678

Nonmajor governmental funds: Road Districts 1,092 25 Unincorporated Area MSTD 320,601 3,834 Community Development - 4,014 Water Management and Pollution Control 45,202 47 Grants and Shared Revenues 8,315 633,325 Improvement Districts 29,836 23,163 Sheriff's Grants 58,615 - Fire Control Districts 23,301 25,000 Lighting Districts 13,858 - 911 Enhancement Fee - 36,558 Adoption Awareness 6,032 - Tourist Development 92,700 2,746 State Housing Initiative Partnership - 233 Teen Court 693 4,460 Law Library - 7,490 Inmate Welfare 8,286 148,199 State Court Administration 29,464 1,097,305 Confiscated Property 2,405 - Legal Aid Society - 17,514 Conservation Collier 111,026 428 Driver Education 5,738 - Supervisor of Elections Grants 616 - Court Services - 8,995 Road and Other Improvements 216 - Stormwater Improvement Assessment Bonds 1,271 - County-Wide Capital Improvements 28,824 2,046 Parks Improvements 42,484 28,048 Water Management 1,382 - Other Capital Projects 2,184 776 Total nonmajor governmental funds 834,141 2,044,206

Business-type Activities:County Water and Sewer 9,303 4,278

Nonmajor Business-type funds: Solid Waste Disposal 38,205 2,072 Emergency Medical Services 2,238 100 Airport Authority 3,501 - Total nonmajor business-type funds 43,944 2,172

Internal Service Funds 538,821 290,513

Total All Funds $ 3,644,060 3,644,060


SEPTEMBER 30, 2004

44

NOTE 5 – CAPITAL ASSETS A summary of capital asset activity for the year ended September 30, 2004 is as follows:

October 1, 2003 Additions Deductions September 30, 2004Governmental Activities:Capital assets not depreciated:Land and other non-depreciable assets $ 74,157,259 46,173,601 - 120,330,860 Construction in progress 75,570,284 105,410,051 44,374,929 136,605,406 Total assets not depreciated 149,727,543 151,583,652 44,374,929 256,936,266 Capital assets depreciated:

Buildings 142,414,269 4,165,083 - 146,579,352 Infrastructure 289,629,390 11,790,174 - 301,419,564 Improvements other than buildings 70,401,187 35,754,084 - 106,155,271 Machinery and equipment 113,597,282 13,268,179 10,354,949 116,510,512 Total assets depreciated 616,042,128 64,977,520 10,354,949 670,664,699

Less accumulated depreciation:Buildings 41,627,279 3,763,313 - 45,390,592 Infrastructure 86,066,200 10,611,568 - 96,677,768 Improvements other than buildings 24,350,032 3,261,233 - 27,611,265 Machinery and equipment 70,807,156 13,537,456 8,131,550 76,213,062 Total accumulated depreciation 222,850,667 31,173,570 8,131,550 245,892,687

Total depreciable assets, net 393,191,461 33,803,950 2,223,399 424,772,012

Total governmental activities capital assets, net $ 542,919,004 185,387,602 46,598,328 681,708,278

Business-type activities:Capital assets not depreciated:Land and other non-depreciable assets $ 13,643,652 1,520,438 - 15,164,090 Construction in progress 158,947,065 67,414,166 11,411,301 214,949,930 Total assets not depreciated 172,590,717 68,934,604 11,411,301 230,114,020

Capital assets depreciated:Buildings 121,282,979 14,698 - 121,297,677 Improvements other than buildings 447,460,170 12,761,543 - 460,221,713 Machinery and equipment 12,798,834 6,488,753 1,225,749 18,061,838 Total assets depreciated 581,541,983 19,264,994 1,225,749 599,581,228 Less accumulated depreciation:Buildings 42,160,788 2,973,578 - 45,134,366 Improvements other than buildings 102,458,217 14,237,802 - 116,696,019 Machinery and equipment 7,509,603 4,462,449 654,985 11,317,067 Total accumulated depreciation 152,128,608 21,673,829 654,985 173,147,452

Total depreciable assets, net 429,413,375 (2,408,835) 570,764 426,433,776 Total business activities capital assets, net $ 602,004,092 66,525,769 11,982,065 656,547,796


SEPTEMBER 30, 2004

45

NOTE 5 – CAPITAL ASSETS - CONTINUED Schedule of governmental activities depreciation by functional area for fiscal year 2004:

NOTE 6 - LONG-TERM OBLIGATIONS SUMMARY OF CHANGES IN LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations for the year ended September 30, 2004:

General Government $ 5,711,130 Public Safety 9,168,616 Physical Environment 2,140,100 Transportation 10,644,698 Economic Environment 29,231 Human Services 568,279 Culture and Recreation 2,911,516

Total $ 31,173,570

Premium orOctober 1, Discount/Loss September 30, Due within

2003 Additions Reductions Amortized 2004 one yearGovernmental Activities:Bonds and Loans Payable $ 189,605 94,605 (19,712) (208) 264,290 11,500 Arbitrage Rebate 91 - (47) - 44 - Leases Payable 279 - (171) - 108 38 Self-Insurance Claims 10,092 1,439 (608) - 10,923 4,237 Compensated Absences 12,845 4,396 (3,277) - 13,964 1,427 Total $ 212,912 100,440 (23,815) (208) 289,329 17,202

Business-type Activities:Bonds and Loans Payable $ 123,365 21,454 (6,878) 241 138,182 7,025 Notes Payable 96 - (11) - 85 85 Arbitrage Rebate 29 - (29) - - - Leases Payable 165 - (92) - 73 48 Landfill Closure Liability 2,927 1,448 - - 4,375 - Compensated Absences 1,565 2,104 (2,033) - 1,636 245 Total $ 128,147 25,006 (9,043) 241 144,351 7,403


SEPTEMBER 30, 2004

46

NOTE 6 - LONG-TERM DEBT - CONTINUED DESCRIPTIONS OF BOND ISSUES AND NOTES PAYABLE Bonds and notes payable at September 30, 2004 were composed of the following:

Governmental Activities Revenue Bonds $1,870,000 1997 Naples Park Area Stormwater Improvement Assessment Bonds due in annual installments of $75,000 to $185,000 through September 1, 2012; interest at 6.45% fixed rate. Stormwater improvement assessment proceeds are pledged for the debt service on these bonds.

$

1,210,000

$30,415,000 1994 Capital Improvement Revenue Refunding Bonds due in annual installments of $1,090,000 to $2,790,000 through October 1, 2012; interest at 4.35% to 6.00%. Local government half-cent sales tax revenue is pledged for the debt service on these bonds.

20,240,000

$47,430,000 2002 Capital Improvement Revenue Bonds due in annual installments of $1,780,000 to $2,830,000 through October 1, 2016: interest at 1.60% to 5.00%. Local government half-cent sales tax revenue is pledged for the debt service on these bonds.

43,025,000

$102,125,000 2003 Gas Tax Revenue Bonds, due in annual installments of $1,495,000 to $6,865,000 through June 1, 2023; interest at 2.00% to 5.25%. Five Cents and Six Cents Local Option Gas Tax along with Ninth cent and Seventh cent gas tax revenues are pledged for debt service on these bonds.

95,145,000

$49,360,000 2003 Capital Improvement and Refunding Revenue Bonds due in annual installments of $1,130,000 to $2,570,000 through October 1, 2033; interest at 2.00% to 4.75%. Local government half- cent sales tax is pledged for the debt service on these bonds.

49,360,000

Total Governmental Activities Revenue Bonds 208,980,000

Governmental Activities Notes Payable

$55,630,000 Commercial Paper issued by the Florida Local Government Finance Commission Pooled Commercial Paper Program, variable rate for the current fiscal year of 1.00% to 1.23%, collateralized by non ad valorem revenue. 51,649,000

Total Governmental Activities Obligations 260,629,000

Unamortized Bond Discount (676,082)

Unamortized Bond Premium 4,336,678

Governmental Activities Obligations (Net) 264,289,596

Less Current Portion of Governmental Activities Obligations (11,500,000)

Long-Term Portion of Governmental Activities Obligations (Net) $ 252,789,596


SEPTEMBER 30, 2004

47

NOTE 6 - LONG-TERM DEBT - CONTINUED DESCRIPTIONS OF BOND ISSUES AND NOTES PAYABLE – CONTINUED

Business-type Activities Revenue Bonds

$13,720,000 2003A Taxable County Water and Sewer Refunding Revenue Bonds due in annual installments of $740,000 to $2,715,000 through July 1, 2009; interest at 2.00% to 3.375%. Collateralized by a parity first lien on the pledged revenues listed on the $6,605,000 1999A Collier County Water and Sewer Refunding Revenue Bonds.

$

11,225,000

$33,630,000 2003B County Water and Sewer Refunding Revenue Bonds due in annual installments of $1,410,000 to $4,125,000 through July 1, 2021; interest at 4.25% to 5.50%. Collateralized by a parity first lien on the pledged revenues listed on the $6,605,000 1999A Collier County Water and Sewer Refunding Revenue Bonds.

33,630,000

$6,605,000 1999A Collier County Water and Sewer Refunding Revenue Bonds due in annual installments of $35,000 to $1,035,000 through July 1, 2010; interest at 3.00% to 4.25%. Principal and interest are payable from the net operating revenues of the system, system development fees and special assessment collections. 4,290,000

$22,855,000 1999B Collier County Water and Sewer Refunding Revenue Bonds due in annual installments of $950,000 to $1,875,000 through July 1, 2016; interest at 4.00% to 5.125%. Collateralized by a parity first lien on the pledged revenues listed on the $6,605,000 1999A Collier County Water and Sewer Refunding Revenue Bonds. 17,715,000

Total Business-type Activities Revenue Bonds 66,860,000

Business-type Activities Notes Payable

$5,890,100 County Water and Sewer District note payable to private water and sewer company, payable through use of water and sewer system development fee credits by company or its assignees, or, to the extent of unused credits, payable at the current cash value of the credits (minimum of the original face value) in 2006. Non interest bearing note; interest imputed at 7.00%.

$ 2,088

$166,580 County Water and Sewer District agreement with private developers payable through use of water and sewer system development fee credits. Non interest bearing agreement.

82,770

$14,547,667 County Water and Sewer District State Revolving Fund Loan, interest payable at 4.25% repayable in 20 annual payments commencing October 1, 1992, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, proceeds derived from the levy of special assessments levied upon the properties benefited by the project, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

7,074,489

$13,292,898 County Water and Sewer District State Revolving Fund Loan, interest payable at 2.65% repayable in 40 semiannual payments commencing January 15, 1999, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

10,275,987

$22,238,677 County Water and Sewer District State Revolving Fund Loan, interest payable at 3.05% repayable in 40 semiannual payments commencing November 15, 2001, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

19,277,535


SEPTEMBER 30, 2004

48

NOTE 6 - LONG-TERM DEBT – CONTINUED

DESCRIPTIONS OF BOND ISSUES AND NOTES PAYABLE – CONTINUED

Business-type Activities Notes Payable-Continued

$6,082,775 County Water and Sewer District State Revolving Fund Loan, interest payable at 3.05% repayable in 40 semiannual payments commencing October 15, 2004, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

5,160,674

$7,446,500 County Water and Sewer District State Revolving Fund Loan, interest payable at 3.05% repayable in 40 semiannual payments commencing January 15, 2005, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

6,369,230

$30,072,800 County Water and Sewer District State Revolving Fund Loan, interest payable at 2.95% repayable in 40 semiannual payments commencing June 15, 2006, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

23,477,537

$18,611,600 County Water and Sewer District State Revolving Fund Loan, interest payable at 2.90% repayable in 40 semiannual payments commencing September 15, 2006, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

1,706,552

$6,895,629 County Water and Sewer District State Revolving Fund Loan, interest payable at 2.96% repayable in 40 semiannual payments commencing July 15, 2007, collateralized by a lien on pledged revenues consisting of net revenues (as defined in the loan resolution) from the operations of the County Water and Sewer System, system development fees and connection fees. The lien shall be subordinate in all respects to liens placed upon pledged revenues established by bonded indebtedness.

1,117,700

Total Business-type Activities Notes Payable 74,544,562

Total Business-type Activities Obligations 141,404,562

Unamortized Bond Discount (1,335,891)

Unamortized Bond Premium 3,913,297

Deferred Loss on Bond Refunding (5,715,353)

Business-type Activities Obligations (Net) 138,266,615

Less Current Portion of Business-type Activities Obligations from Unrestricted Assets (7,026,853)

Less Current Portion of Business-type Activities Obligations from Restricted Assets (82,770)

Long-Term Portion of Business-type Activities Notes Payable (Net) $ 131,156,992


SEPTEMBER 30, 2004

49

NOTE 6 - LONG-TERM DEBT – CONTINUED SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY The total annual debt service requirements to maturity of long-term debt, excluding compensated absences, retainage payable, capitalized leases, premiums, discounts and arbitrage rebate liability, are as follows:

INTEREST CAPITALIZED Interest costs on long-term debt, including capitalized leases, incurred and capitalized during the year ended September 30, 2004 were as follows:

Total Interest Cost Incurred

Interest Cost Capitalized

Net Interest Expense

Business-type Activities $ 5,064,142 694,858 4,369,284 LEGAL DEBT MARGIN The Constitution of the State of Florida and the Florida Statutes set no legal debt limit. RESTRICTIVE COVENANTS Official statements and County resolutions authorizing the general obligation and revenue bonds establish certain accounts and determine the order in which certain revenues are to be deposited into those accounts as well as establish reserve requirements. All required balances were maintained. Water and sewer revenue bonds are payable solely from and secured by a first lien upon and pledge of the net revenues and certain other fees and charges derived from the operation of the County's water and sewer system. The pledge of the net revenues derived by the County from the operation of the water and sewer system does not constitute a lien upon the water and sewer system or any other property of the County.

Totals

Principal Interest Principal Interest Principal Interest Principal Interest2005 11,500,000$ 8,866,381 24,374,000 1,204,363 4,345,000 2,954,521 2,764,623 1,504,969 57,513,857 2006 11,820,000 8,545,669 4,005,000 791,619 4,455,000 2,832,821 3,235,550 1,786,921 37,472,580 2007 12,190,000 8,154,455 4,095,000 647,806 4,595,000 2,700,528 3,835,802 2,061,630 38,280,221 2008 11,950,000 7,738,356 7,785,000 453,700 4,745,000 2,553,096 3,981,030 1,953,621 41,159,803 2009 12,340,000 7,333,273 11,390,000 61,696 4,905,000 2,383,921 4,110,041 1,824,613 44,348,544 2010-14 60,845,000 28,453,038 - - 26,130,000 8,404,997 20,474,887 7,077,188 151,385,110 2015-19 36,560,000 16,867,251 - - 14,350,000 2,453,413 19,415,952 4,067,855 93,714,471 2020-24 30,705,000 8,375,005 - - 3,335,000 252,000 14,107,607 1,440,343 58,214,955 2025-29 9,325,000 3,926,706 - - - - 2,619,070 80,263 15,951,039 2030-34 11,745,000 1,446,256 - - - - - - 13,191,256

Totals 208,980,000$ 99,706,390 51,649,000 3,159,184 66,860,000 24,535,297 74,544,562 21,797,403 551,231,836

Business-typeActivities

Notes Payable

Business-typeActivities

Revenue Bonds

GovernmentalActivities

Revenue Bonds

GovernmentalActivities

Notes Payable


SEPTEMBER 30, 2004

50

NOTE 6 - LONG-TERM DEBT – CONTINUED RESTRICTIVE COVENANTS-CONTINUED The covenants of the resolutions authorizing the County Water and Sewer District Bonds, Series 2003A, 2003B, 1999A and 1999B include, among other things, an obligation for the County to fix, establish and maintain such rates and collect such fees, rentals or other charges for the services and facilities of the water and sewer system, and to revise the same from time to time whenever necessary, so as to always provide in each year net revenues, as defined in the resolutions authorizing the revenue bonds, which together with the system development fees and special assessment proceeds received in each fiscal year shall be adequate to pay at least 125% of the annual debt service requirements for the Water and Sewer Bonds; provided, however, that net revenues in each fiscal year shall be adequate to pay at least 100% of the annual debt service for the bonds. In addition, bond covenants require a renewal and replacement amount equal to $300,000 to be set aside in the County Water and Sewer District Funds. In the opinion of management, the water and sewer funds were in compliance with these covenants for the year ended September 30, 2004. LEASE OBLIGATIONS Capitalized leases payable at September 30, 2004 amounted to $180,138. These obligations, which are collateralized by equipment and vehicles, have annual installments ranging from $30,175 to $94,017 including interest ranging from 4.37% to 6.66% and mature through 2007. Future minimum capital lease obligations as of September 30, 2004 were as follows:

Governmental Business-typeActivities Activities Total

$ 43,970 50,047 94,017 43,970 25,024 68,994 30,175 - 30,175

Total minimumlease payments 118,115 75,071 193,186

Less amountrepresentinginterest (10,514) (2,534) (13,048)

Present value ofminimum leasepayments $ 107,601 72,537 180,138

200520062007


SEPTEMBER 30, 2004

51

NOTE 7 - REVENUE BONDS ADMINISTERED BY THE STATE OF FLORIDA Section 206.41, Florida Statutes, imposes an excise tax on motor fuel sold in Florida. This tax is known as the Constitutional Gas Tax (also known as the 5th and 6th Cent Gas Tax). This tax is collected by the State Department of Revenue and transmitted to the State Board of Administration. The State Board of Administration makes payments necessary to reduce the bonded indebtedness issued pursuant to the provisions of the State Constitution for road and bridge purposes. Excess taxes are transmitted to the State Department of Transportation, which can appropriate funds for work done in Collier County and also transmit funds to the County itself to fund highway capital improvements. In accordance with the above, the State Board of Administration administers Collier County Road Bond Certificates of Indebtedness dated 1979, of which $3,185,000 is outstanding as of September 30, 2004. This issue is not recorded in the government-wide financial statements because the principal and interest are required to be paid solely from the gross revenue of the Constitutional Gas Tax administered by the State Board of Administration. These bonds are not an indebtedness of Collier County. NOTE 8 - CONDUIT DEBT OBLIGATIONS Component Unit Conduit Debt The Industrial Development Authority, Housing Finance Authority, Health Facilities Authority and Educational Facilities Authority, all component units of Collier County, issue debt instruments for the purpose of providing capital financing to independent third parties. Industrial development revenue bonds have been issued to provide financial assistance to public entities for the acquisition and construction of industrial and commercial facilities. Housing revenue bonds have been issued for the purpose of financing the development of multi-family residential rental communities. The health facility revenue bonds were issued to provide financing for the construction of a health park facility. The educational facility revenue bonds were used to provide financing for the construction of educational facilities. These bonds were secured by the financed property, a letter of credit or a corporate guarantee. The primary revenues pledged to pay the debt are those revenues derived from the project or facilities constructed. Neither the issuer, nor the County is obligated in any manner for repayment of the bonds. Therefore, the bonds are not reported as liabilities in the accompanying financial statements. As of September 30, 2004 the outstanding principal amount payable on all component unit conduit debt was $363,330,600 and is made up of the following:

$17,335,000 Pine Ridge Industrial Park and Naples Production Park Special Assessment Bonds, Series 1993 During September 1993, the County issued, on behalf of the property owners within the Naples Production Park and Pine Ridge Industrial Park Districts, $17,335,000 of special assessment bonds. The bond proceeds from the issue were used to repay amounts previously borrowed under the County's line of credit arrangement. Special assessments were pledged by property owners within the Districts to pay the debt. The County is not obligated to repay the special assessment debt if sufficient assessment funds are not available. The County functions as agent for the property owners in collecting the assessments, forwarding the collections to bondholders, and initiating foreclosure proceedings, if appropriate. The special assessments received and the related debt service payments are accounted for in an agency fund on behalf of the property owners. As of September 30, 2004 these bonds have an outstanding principal amount of $7,715,000.

Industrial development revenue bonds $ 99,620,600 Housing revenue bonds 86,065,000 Health facilities revenue bonds 158,400,000 Educational facilities revenue bonds 19,245,000

Total $ 363,330,600


SEPTEMBER 30, 2004

52

NOTE 9 - EXCESS OF EXPENDITURES OVER APPROPRIATIONS For the year ended September 30, 2004, expenditures exceeded appropriations in the 800 MHZ IRCP Fund by $93,261. These overexpenditures were funded by greater than anticipated revenues. The Gas Tax Revenue Refunding Bonds Fund also had expenditures in excess of appropriations in the amount of $886. This was funded by available fund balance. NOTE 10 - DEFEASED DEBT The County has defeased certain outstanding bond issues by placing the proceeds of new bonds in irrevocable trusts to provide for all future debt service payments on the defeased debt. Accordingly, the trust accounts and the defeased bonds are not included in the County's financial statements. At September 30, 2004 the following issues were considered defeased:

Governmental Activities Debt Defeased During Current Year On October 22, 2003, the County issued the $49,360,000 Collier County Capital Improvement and Refunding Revenue Bonds, Series 2003 to refund, on a current basis, $4,990,000 of outstanding Collier County Capital Improvement Revenue Refunding Bonds, Series 1992, pay certain costs of issuance and to reimburse or finance the costs of acquisition, construction and equipping of various capital improvements within the County. The refunding portion of the issue had a par value of $5,120,000. The net proceeds pertaining to the refinancing were $5,094,276 after the issuance premium of $35,382, accrued interest and escrow earnings of $12,103 and payment of $73,209 in underwriting, insurance and issuance costs. Net proceeds were used to purchase U.S. Government securities then deposited in an irrevocable trust with an escrow agent to redeem the Series 1992 bonds at a price of 101% of par on November 25, 2003. This current refunding met the requirements of an in-substance defeasance and the bonds were removed from the County’s books. As a result of this current refunding, the County reduced its total debt service requirements by $535,644, which resulted in an economic gain (difference between the present value of the debt service payments on the old and new debt) of $349,693.

Defeased BondsOriginal Debt Outstanding

1986 Capital Improvement Program Revenue Bonds, Sub-Series 5 Mode A $ 12,245,000 6,635,000

Total Defeased Governmental Activities Long-Term Obligations $ 12,245,000 6,635,000

Defeased BondsOriginal Debt Outstanding

1983 County Water and Sewer District Refunding Bonds $ 22,000,000 11,585,000

Total Defeased Business-type Activities Long-Term Obligations $ 22,000,000 11,585,000

Business-type Activities

Governmental Activities


SEPTEMBER 30, 2004

53

NOTE 11 - PENSION PLAN OBLIGATIONS RETIREMENT PLAN Substantially all full time and part time employees of the County are eligible to participate in the State of Florida Retirement System (the System), a cost sharing, multiple employer program administered by the State of Florida, Division of Retirement. The System provides two retirement plans from which eligible employees can choose: the Pension Plan (defined benefit) and the Investment Plan (defined contribution). The County follows the provisions of GASB 27, “Accounting for Pensions by State and Local Governmental Employers”, as described in the following disclosure. PLAN DESCRIPTION Employees who are regular risk members and retire at or after age 62 with 10 years of credited service, or with 30 years of service regardless of age, are entitled to a retirement benefit, payable monthly for life, equal to 1.6 percent of their average final compensation for each year of credited service. Final average compensation is the employee’s average of the five highest years of salary earned during credited service. Ve sted employees may retire before age 62 and receive benefits that are reduced 5 percent for each year prior to normal retirement age or date. The System also provides death and disability benefits as well as annual cost-of-living adjustments to plan participants and beneficiaries. The Florida Legislature established the System under Chapter 121, Florida Statutes and Chapter 22B, Florida Administrative Code. The Florida Legislature has sole authority to amend benefit provisions. Special Risk Class members qualify for normal retirement with 10 years of special risk service and are age 55 or with 25 years of special risk service at any age. The monthly benefit payable is equal to 2-3 percent of their average final compensation for each year depending on the percent in effect during the service period. Vested employees may retire before age 55 and receive benefits that are reduced 5 percent for each year prior to normal retirement age or date. The Deferred Retirement Option Program (DROP) is a program that provides an alternative method for payment of retirement benefits for a specified and limited period for members of the System, effective July 1, 1998. Under this program, the employee may retire and have their benefits accumulate in the Florida Retirement System Trust Fund, earning interest, while continuing to work for a System employer. The act of participating in the program does not change the individual employee’s employment conditions. When the DROP period ends, a maximum of 60 months, employment must be terminated. At the time of termination of employment, the employee will receive payment of the accumulated DROP benefits, and begin receiving their monthly retirement benefit (in the same amount determined at retirement, plus annual cost-of-living increases). The System publishes an unaudited annual report that provides ten-year historical trend information regarding progress made in accumulating sufficient assets to pay benefits when due. The report may be obtained by writing to Research Education and Policy Section, 2639-C North Monroe Street, Tallahassee, Florida 32399-1560, or by calling (850) 488-5706, or accessing their internet site at www.frs.state.fl.us. FUNDING POLICY The System is non-contributory for employees and the County is required to contribute at an actuarially determined rate. The current rate is 18.53% for special risk employees, 15.23% for county elected officials, 7.39% for regular employees, 9.37% for senior management and 9.11% for DROP employees of annual covered payroll. The contributions of the County are established by the State Legislature and therefore subject to amendment. The County’s contributions to the System for the years ending September 30, 2004, 2003 and 2002 were $16,591,419, $14,597,650 and $13,948,208, respectively. The County’s contributions were equal to the required contributions for each year.


SEPTEMBER 30, 2004

54

NOTE 12 – TRANSFERS Transfers for the year ended September 30, 2004 were as follows:

Transfers between funds are primarily to move unrestricted revenues collected in funds to finance various programs accounted for in other funds in accordance with budgetary authorizations. NOTE 13 – NET ASSETS Net assets represent the difference between total assets and total liabilities. Net assets is further categorized as follows: Invested in capital assets, net of related debt: Total capital assets, net of debt issued in the acquisition and construction of these assets and net of depreciation is reported separately in the net assets section. Restricted for renewal and replacement: Balance is reserved in conjunction with the issuance of County Water and Sewer District Bonds. The use of monies in the renewal and replacement fund is restricted to funding the cost of extensions, enlargements, additions and replacement or major repair of water and wastewater capital assets. Restricted for debt service: Balances are reserved in conjunction with the issuance of bonds. They have been funded by initial deposits from the bond proceeds and by transfers from the operating accounts of the appropriate funds. The use of monies in the sinking fund is restricted to the payment of principal and interest on long-term debt. Unrestricted: Balances are not reserved for specific purposes.

Transfers from Fund Transfers to Fund AmountGovernmental Activities:

General Fund Road Construction $ 13,699,300 Nonmajor Governmental 41,127,597 County Water and Sewer 9,049 Nonmajor Enterprise 8,989,818

Parks Impact Districts Nonmajor Governmental 656,900

Road Construction General Fund 85,300 Nonmajor Governmental 10,491,400

Nonmajor governmental General Fund 3,880,303 Road Construction 119,000 Nonmajor Governmental 12,978,313

Business-type Activities:

County Water and Sewer General Fund 209,357 Road Construction 500,200 Nonmajor Governmental 363,600

Nonmajor enterprise funds General Fund 316,867 Road Construction 61,638 Nonmajor Governmental 18,200 County Water and Sewer 138,000

Totals $ 93,644,842


SEPTEMBER 30, 2004

55

NOTE 13 – NET ASSETS-CONTINUED The following categories are used for reporting governmental fund balances in the fund financial statements.

Fund Balances Reserved

Reserved for prepaid costs: Balances represent insurance, travel and other expenses paid in advance and which are not considered available and spendable resources. Reserved for inventory: Balances represent items which are not considered available and spendable resources. Reserved for advances to other funds: Balances represent long-term advances made to other funds which do not constitute expendable and available financial resources. Reserved for notes receivable: Balances represent loans, made to individuals, which do not constitute expendable and available financial resources. Reserved for trade receivables: Balances represent receivables, which do not constitute expendable and available financial resources as they are not considered collectible because of age. Reserved for encumbrances: Balances are segregated for expenditure upon vendor performance. Reserved for debt service: Balances represent monies legally restricted to the payment of principal and interest on long-term debt.

Fund Balances Unreserved

Unreserved, reported in general fund: Balances in the general fund not reserved for specific purposes. Unreserved, reported in special revenue funds: Balances in the special revenue funds not reserved for specific purposes. Unreserved, reported in debt service funds: Balances in the debt service funds not reserved for specific purposes. Unreserved, reported in capital project funds: Balances in the capital project funds not reserved for specific purposes. NOTE 14 - RISK MANAGEMENT COUNTY'S SELF-INSURANCE The County is exposed to various risks of loss related to tort; theft of, damage to and destruction of assets; errors and omissions; injuries to employees and natural disasters. A self-insurance internal service fund is maintained by the County to administer insurance activities relating to workers' compensation, health and property and casualty, which covers general, property, auto, public official and crime liabilities. Under these programs, the self-insurance fund provides coverage up to a maximum amount for each claim. The County purchases commercial insurance for claims in excess of coverage provided by the self-insurance fund and for all other covered risks of loss. Negligence claims in excess of the statutory limits set in Section 768.20, Florida Statutes, which provide for limited sovereign immunity of $100,000/$200,000 per occurrence, can only be recovered through an act of the State Legislature.


SEPTEMBER 30, 2004

56

NOTE 14 - RISK MANAGEMENT - CONTINUED COUNTY'S SELF-INSURANCE - CONTINUED

Claim Type County’s Coverage Excess Carrier’s Coverage

Property and casualty claims $100,000 each $100,000 - $250,000,000

Auto liability claims $200,000 each $200,000 - $5,000,000

Employee health claims $175,000 each $175,000 - $1,000,000

Workers' compensation claims $350,000 each $350,000 - $25,000,000

The aggregate loss exposure on workers' compensation and property and casualty claims is $2,995,000. Settled claims have not exceeded the insurance provided by third party carriers in any of the past three years. All divisions of the County, excluding the Sheriff, participate in this program. Charges to operating departments are based upon amounts believed by management to meet the required annual payouts during the fiscal year and to pay for the estimated operating costs of the programs. For the fiscal year ended September 30, 2004 the operating departments were charged $36,500,439 for workers' compensation, health and property and casualty self-insurance programs. The claims loss reserve for workers' compensation, health and property and casualty of $7,548,000 reported at September 30, 2004 was calculated by third party actuaries based upon GASB Statement 30, "Risk Financing Omnibus", which requires that a liability for claims be reported when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. The estimated liabilities for unpaid losses related to workers' compensation and property and casualty were discounted at 3.5%. SHERIFF'S SELF-INSURANCE The Sheriff participates in the State-wide Florida Sheriff's Self-Insurance Fund for its professional liability insurance. The fund is managed by representatives of the participating Sheriff offices and provides professional liability insurance to participating Sheriff agencies. The Florida Sheriff's Self-Insurance Fund provides liability insurance coverage subject to the following limitations: $3,100,000 for any claim involving a single individual, $3,200,000 for any incident which involves multiple claims and aggregate, $3,500,000 ultimate net loss per Sheriff during any policy period. The Sheriff also participates in the Florida Sheriff's Self-Insurance Fund program for workers' compensation coverage. The Florida Sheriff's Association Workers' Compensation Insurance Trust (FSAWIT) is a limited self-insurance fund providing coverage for the first $100,000 of every claim. Re-insurance is provided through a third party insurer for all claims exceeding $350,000 up to $10,000,000 and an aggregate of $500,000 depending on type of bodily injury. Settled claims have not exceeded the insurance provided by third party carriers in any of the past three years. Premiums charged to participating Sheriffs are based upon amounts believed by Fund management to meet the estimated annual payouts during the fiscal year and to pay for the estimated operating costs of the program. All liabilities associated with these self-insured risks are reported in the basic financial statements of the Statewide Florida Sheriff’s Self-Insurance Fund. The Sheriff has also established a self-funded employee health plan. An internal service fund is used to account for the activities of the plan. Excess coverage has been purchased which provides specific claim excess coverage for any one incident exceeding $150,000 up to $1,000,00. Payments to the internal service fund are based on actuarial estimates of amounts needed to pay prior year and current year claims. The claims loss reserve for health of $3,375,000 reported at September 30, 2004 was calculated by third party actuaries based upon GASB Statement 30, “Ris k Financing Omnibus”.


SEPTEMBER 30, 2004

57

NOTE 14 - RISK MANAGEMENT - CONTINUED CHANGES IN SELF-INSURANCE CLAIMS PAYABLE Changes in the self-insurance claims payable for fiscal years 2003 and 2004 were as follows for the County and Sheriff self-insurance programs:

NOTE 15 – OTHER POSTEMPLOYMENT BENEFITS In addition to the pension benefits described in Note 14, the County provides postretirement health care benefits to all employees who retire on or after attaining at least 6 years of service. Currently approximately 80 retirees participate. The retiree pays 100% of the total premium. Expenditures for post retirement health care benefits are recognized as the premium costs are incurred by the County. During the year, expenditures of $374,126 were recognized for post-employment health care. NOTE 16 - LANDFILL LIABILITY On May 1, 1995 the County entered into an agreement with a company for the privatization of the County's landfill operations. Under the contract, the company is responsible for the daily operations, capital improvements, closure, postclosure and financial assurance requirements of the active cells within the Naples and Immokalee landfill sites. At this time there is no reason for management to believe that the contractor will not be financially capable of meeting the closure and postclosure responsibilities of the contract. Collier County is responsible for the postclosure costs relating to two cells at the Naples landfill site, and one cell at the Immokalee landfill site. None of the cells that Collier County is responsible for has accepted waste since December 1989. The County is also responsible for staffing and operating the scale house at each site. In accordance with U.S. Environmental Protection Agency rule “Solid Waste Disposal and Facility Criteria” and GASB Statement 18, “Accounting for Municipal Solid Waste Landfill Closure and Postclosure Care Costs”, a liability has been established representing amounts estimated to be spent on postclosure relating to the three cells for which Collier County is responsible. The County’s estimated liability in connection with the landfills is included in the enterprise fund balance sheet. The landfill liability will be reassessed on an annual basis, and any increase due to inflation, changes in technology or additional postclosure care requirements will be recorded as a current cost. The County has an escrow account in the amount of $10,000 to comply with Rule 62-701.630, Florida Administrative Code for Eustis Avenue Landfill #1. These funds are restricted for the exclusive use of the Eustis Avenue Landfill # 1 site’s long-term care. There were no deposits to or withdrawals from this account in fiscal year 2004.

Property and Group Workers'Casualty Health Compensation Total

Balance September 30, 2002 $ 2,296,000 4,321,000 2,541,000 9,158,000

Current year claims incurred and changes in estimates 1,038,015 24,456,774 554,996 26,049,785

Claim payments (686,015) (23,550,774) (878,996) (25,115,785)

Balance September 30, 2003 2,648,000 5,227,000 2,217,000 10,092,000

Current year claims incurred and changes in estimates 3,210,614 25,071,897 2,014,561 30,297,072

Claim payments (3,690,614) (24,950,897) (824,561) (29,466,072)

Balance September 30, 2004 $ 2,168,000 5,348,000 3,407,000 10,923,000


SEPTEMBER 30, 2004

58

NOTE 17 - SIGNIFICANT CONTINGENCIES LITIGATION The County is involved as defendant or plaintiff in certain litigation and claims arising in the ordinary course of operations. In the opinion of legal counsel, the range of potential recoveries or liabilities will not materially affect the financial position of the County. STATE AND FEDERAL GRANTS Grant monies received and disbursed by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the County does not believe that such disallowances, if any, would have a material effect on the financial position of the County. ARBITRAGE REBATE In accordance with the Tax Reform Act of 1986, any interest earnings on borrowed construction funds in excess of the interest costs are required to be rebated to the federal government. The arbitrage rebate on governmental activities debt is $43,957. NOTE 18 - SIGNIFICANT COMMITMENTS CONSTRUCTION COMMITMENTS

IMPACT FEE CREDIT AGREEMENTS The County has acquired right-of-ways and received beach parking and road construction services from developers in exchange for impact fee credits. Amounts granted for impact fee credits were based on the fair value at the time the property, improvement or services were received. The developers, their successors or assignees may utilize the road impact fee credits for future development activities. No time limits are set for use of the credits. As the credits are consumed, impact fee revenue is recognized. At September 30, 2004 the County had outstanding school impact fee, road impact fee, park impact fee and fire impact fee agreements with developers of $172,206, $35,453,095, $2,873,283 and $210,270, respectively.

Project Expended as of FutureAuthorization September 30, 2004 Commitments

Parks $ 1,433,717 1,259,656 174,061 Roads 138,628,702 62,675,451 75,953,251 Utilities 221,353,227 163,205,060 58,148,167 Landfill expansion and closure 538,686 118,110 420,576 Buildings 44,597,505 27,175,516 17,421,989 Airports 1,216,732 1,184,820 31,912 Beach restoration 5,008,335 2,497,151 2,511,184 Stormwater drainage 2,848,568 1,547,360 1,301,208

Total $ 415,625,472 259,663,124 155,962,348


SEPTEMBER 30, 2004

59

NOTE 19 – SUBSEQUENT EVENTS On February 2, 2005 Collier County issued the $167,200,000 Capital Improvement and Refunding Revenue Bonds, Series 2005. The County issued these bonds for the purpose of providing funds to reimburse or finance the costs of acquisition, construction and equipping of various capital improvements within the County including the North Naples Regional Park, a courthouse annex and an emergency operations center. In addition, the Series 2005 bonds refunded, on a current basis, $16,560,000 of outstanding Series 1994 Capital Improvement Revenue Refunding Bonds, as well as $21,545,000 of variable rate loans issued by the Florida Local Government Finance Commission. The Series 2005 Capital Improvement Bonds are being issued on a parity as to the lien on and security with the County’s Capital Improvement Revenue Refunding Bonds, Series 1994, currently outstanding in the amount of $1,890,000, the Capital Improvement Revenue Bonds, Series 2002, currently outstanding in the amount of $40,350,000 and the Capital Improvement and Refunding Revenue Bonds, Series 2003, currently outstanding in the amount of $48,035,000. On February 2, 2005 Collier County also issued the $32,815,000 Limited General Obligation Bonds, Series 2005A. The County issued these bonds for the purpose of providing funds to finance the costs of the acquisition and protection of certain environmentally sensitive lands within Collier County and to refinance a $21,200,000 variable rate loan issued by the Florida Local Government Finance Commission. The faith, credit and taxing power of the County are pledged for the payment of debt service on the Series 2005A Bonds, provided that such pledge is a limited obligation of the County, which shall not exceed one quarter of a mil of ad valorem taxes.


Nonmajor Governmental Funds

Special Revenue Funds ROAD DISTRICTS - TO ACCOUNT FOR TAXES LEVIED AND EXPENDITURES TO CARRY ON ALL WORK ON ROADS AND BRIDGES IN THE COUNTY EXCEPT THAT PROVIDED FOR IN CAPITAL PROJECTS FUNDS. UNINCORPORATED AREA MSTD – TO ACCOUNT FOR REVENUES DERIVED FROM AND EXPENDED FOR THE BENEFIT OF THE UNINCORPORATED AREAS OF THE COUNTY. COMMUNITY DEVELOPMENT – TO ACCOUNT FOR BUILDING PERMIT AND DEVELOPMENT FEES TO SUPPORT LICENSING, PERMITTING AND INSPECTION SERVICES. WATER MANAGEMENT AND POLLUTION CONTROL - TO ACCOUNT FOR TAXES LEVIED COUNTY-WIDE TO PROVIDE WATER RESOURCE MANAGEMENT AND WATER POLLUTION CONTROL. GRANTS AND SHARED REVENUES - TO ACCOUNT FOR THE REVENUES RECEIVED FROM FEDERAL, STATE AND LOCAL GRANTS. IMPROVEMENT DISTRICTS - TO ACCOUNT FOR TAXES LEVIED WITHIN MUNICIPAL SERVICE TAXING DISTRICTS TO PROVIDE FOR SPECIFIED IMPROVEMENTS AND/OR THE MAINTENANCE OF SUCH IMPROVEMENTS. SHERIFF'S GRANTS - TO ACCOUNT FOR THE REVENUES RECEIVED BY THE SHERIFF FROM FEDERAL, STATE AND LOCAL GRANTS. FIRE CONTROL DISTRICTS - TO ACCOUNT FOR TAXES LEVIED WITHIN MUNICIPAL SERVICE TAXING DISTRICTS FOR FIRE PREVENTION AND CONTROL. MISCELLANEOUS FLORIDA STATUTES FEE COLLECTIONS - TO ACCOUNT FOR FEES COLLECTED FOR STATUTORY PURPOSES. MUSEUM - TO ACCOUNT FOR THE TOURIST DEVELOPMENT TAXES AND ADMISSION FEES USED TO FUND THE OPERATION OF THE COLLIER COUNTY MUSEUM. LIGHTING DISTRICTS - TO ACCOUNT FOR TAXES LEVIED WITHIN MUNICIPAL SERVICE TAXING DISTRICTS FOR STREET LIGHTING. 911 ENHANCEMENT FEE - TO ACCOUNT FOR FEES LEVIED ON EACH TELEPHONE ACCESS LINE IN THE COUNTY FOR THE ENHANCEMENT OF THE 911 EMERGENCY TELEPHONE SYSTEM. PUBLIC RECORDS MODERNIZATION - TO ACCOUNT FOR THE STATUTORY SURCHARGE ON RECORDING DOCUMENTS TO BE PAID TO THE CLERK OF THE CIRCUIT COURT FOR THE MODERNIZATION OF THE CLERK'S OFFICIAL RECORDS MANAGEMENT SYSTEM. ADOPTION AWARENESS - TO ACCOUNT FOR REVENUES RECEIVED FROM THE SALE OF CHOOSE LIFE LICENSE PLATES TO BE SPENT ON ADOPTION AWARENESS. COMMUNITY REDEVELOPMENT - TO ACCOUNT FOR THE ACTIVITIES OF THE COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY. TOURIST DEVELOPMENT -TO ACCOUNT FOR THE TOURIST DEVELOPMENT TAX. STATE HOUSING INITIATIVE PARTNERSHIP - TO ACCOUNT FOR STATE REVENUES RECEIVED TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR VERY LOW TO MODERATE INCOME PERSONS AND THOSE WHO HAVE SPECIAL HOUSING NEEDS.


Special Revenue Funds - continued 800 MHZ IRCP FUND ACCOUNT - TO ACCOUNT FOR MOVING TRAFFIC VIOLATION SURCHARGES RECEIVED TO FUND THE COUNTY'S INTERGOVERNMENTAL RADIO COMMUNICATIONS PROGRAM. TEEN COURT - TO ACCOUNT FOR FUNDS USED FOR THE OPERATION OF THE TEEN COURT PROGRAM. ANIMAL CONTROL - TO ACCOUNT FOR FUNDS USED FOR THE OPERATION OF THE ANIMAL CONTROL DEPARTMENT. PUBLIC LIBRARY - TO ACCOUNT FOR DONATIONS AND BEQUEST OF MONIES ACCUMULATED FOR THE OPERATION OF THE PUBLIC LIBRARY SYSTEM. LAW LIBRARY - TO ACCOUNT FOR FUNDS USED FOR THE PURPOSE OF PROVIDING A LAW LIBRARY FOR USE BY THE COUNTY COURTS. INMATE WELFARE - TO ACCOUNT FOR FUNDS ACCUMULATED FOR THE WELFARE OF JAIL INMATES. COUNTY DRUG ABUSE - TO ACCOUNT FOR ADDITIONAL FEES IMPOSED BY THE COURT AGAINST DRUG OFFENDERS. STATE COURT ADMINISTRATION - TO ACCOUNT FOR COUNTY MONIES USED TO FUND THE OPERATION OF THE COURT SYSTEM. CONFISCATED PROPERTY - TO ACCOUNT FOR THE ACCUMULATION AND EXPENDITURE OF PROCEEDS FROM THE SALE OF PROPERTY CONFISCATED BY THE SHERIFF. LAW ENFORCEMENT TRAINING - TO ACCOUNT FOR THE RECEIPT AND USE OF FUNDING DESIGNATED FOR TRAINING IN THE CRIMINAL JUSTICE AREA. GAC LAND SALES, ROADS AND CANALS TRUST FUND - TO ACCOUNT FOR APPROXIMATELY ONE MILLION THREE HUNDRED THOUSAND DOLLARS ($1,300,000) IN PRINCIPAL AND SETTLEMENT FEES RECEIVED FROM A 1977 SETTLEMENT WITH GAC PROPERTIES, INC., AND INTEREST THEREON TO BE EXPENDED FOR THE RESTORATION AND MAINTENANCE OF CERTAIN UNACCEPTED ROADS AND TO DEVELOP FACILITIES OTHER THAN ROADS AND DRAINAGE IMPROVEMENTS IN THE GOLDEN GATE ESTATES AREA. UTILITY FEE TRUST FUND - TO ACCOUNT FOR FEES TO BE USED TO EFFECTIVELY AND EFFICIENTLY REGULATE PRIVATE WATER AND WASTEWATER UTILITIES OPERATING WITHIN THE UNINCORPORATED AREAS OF COLLIER COUNTY AND THE CITY OF MARCO ISLAND. EUCLID AND LAKELAND ASSESSMENT - TO ACCOUNT FOR THE RESIDUALS OF THE EUCLID AND LAKELAND ASSESSMENT PROJECT. LEGAL AID SOCIETY - TO ACCOUNT FOR FUNDS ACCUMULATED FOR THE OPERATION OF THE LEGAL AID SOCIETY. FEDERAL EQUITABLE SHARING - TO ACCOUNT FOR MONIES TO BE USED IN THE SHERIFF’S FEDERAL EQUITABLE SHARING PROGRAM. DOMESTIC VIOLENCE - TO ACCOUNT FOR FUNDS ACCUMULATED FOR THE PURPOSE OF MITIGATING DOMESTIC VIOLENCE IN COLLIER COUNTY.


Special Revenue Funds - continued CONSERVATION COLLIER - TO ACCOUNT FOR THE ACQUISITION AND MANAGEMENT OF ENVIRONMENTALLY SENSITIVE LANDS. DRIVER EDUCATION – TO ACCOUNT FOR ADDITIONAL FEES ADDED TO TRAFFIC CITATIONS FOR THE PURPOSE OF DRIVER EDUCATION. SUPERVISOR OF ELECTIONS GRANTS – TO ACCOUNT FOR THE REVENUES RECEIVED BY THE SUPERVISOR OF ELECTIONS FROM FEDERAL, STATE AND LOCAL GRANTS. COURT INFORMATION TECHNOLOGY FEE – TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES TO ENHANCE AN INCREASE ACCESS TO COURT INFORMATION. COURT SERVICES – TO ACCOUNT FOR THE ACCUMULATION OF REVENUES ASSOCIATED WITH THE FUNCTION OF THE LOCAL COURT SYSTEM. CRIME PREVENTION – TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES TO AID IN THE PREVENTION OF CRIME IN COLLIER COUNTY.

Debt Service Funds GAS TAX REVENUE REFUNDING BONDS - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED IN THE REFUNDING OF THE 1986 ROAD IMPROVEMENT REVENUE BONDS. SALES TAX REVENUE REFUNDING BONDS - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED IN THE CONSTRUCTION OF THE COURTHOUSE EXPANSION AND THE PARTIAL REFUNDING OF THE 1985 REFUNDING SALES TAX BONDS. ROAD AND OTHER IMPROVEMENTS - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON THE COMMERCIAL PAPER LOAN PROGRAM. SPECIAL OBLIGATION REVENUE BONDS, SERIES 1997 - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED IN THE REFUNDING OF THE COMMERCIAL PAPER LOANS. CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2002 - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED FOR VOTING MACHINE PURCHASE, GENERAL GOVERNMENT IMPROVEMENTS, JAIL IMPROVEMENTS AND PARKS LAND PURCHASES. STORMWATER IMPROVEMENT ASSESSMENT BONDS - TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR AND PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED IN THE REFUNDING OF THE COMMERCIAL PAPER LOANS. LINE OF CREDIT - TO ACCOUNT FOR THE PAYMENT OF INTEREST AND PRINCIPAL ON LONG-TERM DEBT INCURRED IN THE PURCHASE OF LAND FOR THE NORTH NAPLES REGIONAL PARK.


Capital Project Funds COUNTY-WIDE CAPITAL IMPROVEMENTS - TO ACCOUNT FOR CAPITAL PROJECTS, DESIGNATED BY THE BOARD OF COUNTY COMMISSIONERS, TO BE FUNDED BY A COUNTY-WIDE ONE MIL LEVY. PARKS IMPROVEMENTS - TO ACCOUNT FOR THE EXPENDITURE OF PROCEEDS FROM THE ISSUANCE OF PARKS GENERAL REFUNDING BONDS. PROJECTS INCLUDE LAND ACQUISITION, DESIGN, CONSTRUCTION, AND EQUIPPING OF CERTAIN COMMUNITY PARK SITES IN THE UNINCORPORATED AREAS OF THE COUNTY. COUNTY-WIDE LIBRARY - TO ACCOUNT FOR THE RECEIPT AND EXPENDITURE OF LIBRARY IMPACT FEES COLLECTED FROM ALL QUALIFYING NEW CONSTRUCTION. THESE IMPACT FEES MUST BE USED FOR THE ACQUISITION OF COUNTY-WIDE LIBRARY FACILITIES. CORRECTIONAL FACILITIES IMPACT FEE - TO ACCOUNT FOR THE RECEIPT AND EXPENDITURE OF CORRECTIONAL FACILITIES IMPACT FEES COLLECTED FROM ALL QUALIFYING NEW CONSTRUCTION. THE IMPACT FEES MUST BE USED FOR THE ACQUISITION/CONSTRUCTION OF CORRECTIONAL FACILITIES. EMERGENCY MEDICAL SERVICE - TO ACCOUNT FOR THE RECEIPT AND EXPENDITURE OF EMERGENCY MEDICAL SERVICE IMPACT FEES COLLECTED FROM ALL QUALIFYING NEW CONSTRUCTION. THE IMPACT FEES MUST BE USED FOR ACQUISITION/CONSTRUCTION OF EMERGENCY SERVICES FACILITIES. WATER MANAGEMENT - TO ACCOUNT FOR THE RECEIPT AND EXPENDITURE OF FUNDS RAISED SPECIFICALLY FOR WATER MANAGEMENT PURPOSES. PRIMARY FUNDING IS AD VALOREM TAXES. OTHER CAPITAL PROJECTS - TO ACCOUNT FOR MAJOR CAPITAL EXPENDITURES FINANCED FROM RESOURCES OTHER THAN PROCEEDS FROM THE ISSUANCE OF LONG-TERM DEBT AND THE ONE MIL LEVY. GOVERNMENT FACILITIES - TO ACCOUNT FOR THE RECEIPT AND EXPENDITURE OF GOVERNMENT FACILITIES IMPACT FEES COLLECTED FROM ALL QUALIFYING NEW CONSTRUCTION. THE IMPACT FEES MUST BE USED FOR THE ACQUISITION/CONSTRUCTION OF GOVERNMENT FACILITIES.

WaterRoad Unincorporated Community Management and

Districts Area MSTD Development Pollution ControlASSETS

Cash and investments $ 1,950,797 10,288,512 15,027,683 2,030,290 Receivables: Interest - 22,205 - 6,831 Trade, net 379,560 382,044 74,227 17,376 Notes - - - - Special assessments - - - - Due from other funds 1,092 320,601 - 45,202 Due from other governments 116,640 441,081 83,637 14,160 Inventory - - - - Advances to other funds - - - - Prepaid costs - - - -

Total assets $ 2,448,089 11,454,443 15,185,547 2,113,859


Liabilities: Accounts payable $ 260,764 721,027 111,938 127,961 Wages payable 305,733 318,078 297,033 47,905 Due to other funds 25 3,834 4,014 47 Due to other governments - 7,620 2,020,917 - Deferred revenues - 427,236 80,000 - Refundable deposits - - - - Retainage payable - 151,861 - - Advances from other funds - - - -

Total liabilities 566,522 1,629,656 2,513,902 175,913

Fund balances: Reserved for: Encumbrances 119,526 4,756,342 238,567 105,504 Advances to other funds - - - - Inventory - - - - Prepaid costs - - - - Debt service - - - - Unreserved, reported in: Special revenue funds 1,762,041 5,068,445 12,433,078 1,832,442 Debt service funds - - - - Capital projects funds - - - -

Total fund balances 1,881,567 9,824,787 12,671,645 1,937,946

Total liabilities and fund balances $ 2,448,089 11,454,443 15,185,547 2,113,859

See accompanying independent auditors’ report. (Continued)

Special Revenue Funds

COLLIER COUNTY, FLORIDACOMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDSSEPTEMBER 30, 2004

65

Grants andShared Improvement Sheriff's Fire Control

Revenues Districts Grants DistrictsASSETS

Cash and investments $ 920,176 5,953,442 454,124 465,443 Receivables: Interest 2,358 33,985 - 2,657 Trade, net 57,975 4,972 - - Notes 84,332 - - - Special assessments - - - - Due from other funds 8,315 29,836 58,615 23,301 Due from other governments 1,744,409 144,241 444,578 50 Inventory - - - 218 Advances to other funds - - - - Prepaid costs - - - -

Total assets $ 2,817,565 6,166,476 957,317 491,669


Liabilities: Accounts payable $ 143,218 69,505 45,190 9,435 Wages payable 48,547 15,474 - 45,380 Due to other funds 633,325 23,163 - 25,000 Due to other governments 1,884 57 - - Deferred revenues 334,035 4,606 912,127 - Refundable deposits - - - - Retainage payable 4,829 26,368 - - Advances from other funds - 200,000 - -

Total liabilities 1,165,838 339,173 957,317 79,815

Fund balances: Reserved for: Encumbrances 1,651,727 318,370 - 24,368 Advances to other funds - - - - Inventory - - - 218 Prepaid costs - - - - Debt service - - - - Unreserved, reported in: Special revenue funds - 5,508,933 - 387,268 Debt service funds - - - - - - Capital projects funds - - - -

Total fund balances 1,651,727 5,827,303 - 411,854

Total liabilities and fund balances $ 2,817,565 6,166,476 957,317 491,669

See accompanying independent auditors’ report.


NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)SEPTEMBER 30, 2004


66

Miscellaneous 911 PublicFlorida Statutes Lighting Enhancement Records Adoption CommunityFee Collections Museum Districts Fee Modernization Awareness Redevelopment

167,337 409,007 441,246 2,060,986 2,720,039 49,923 1,518,489

- - 2,508 11,765 - 285 8,668 1,558 - - 109,631 - - -

- - - - - - - - - - - - - - - - 13,858 - - 6,032 - - - 89 - - - - - - - - - - - - - - - - - - - - - - - - -

168,895 409,007 457,701 2,182,382 2,720,039 56,240 1,527,157

551 74,315 4,349 - 7,959 - 2,959 - 13,404 2,229 - - - 2,382 - - - 36,558 - - - - - - - - - - - - - 237,198 - - - - - - - - - - - 2,866 - - - - - - 308,205 - - - - -

551 398,790 6,578 273,756 7,959 - 5,341

80,937 10,217 - - - - 238,627 - - - - - - - - - - - - - - - - - - - - - - - - - - - -

87,407 - 451,123 1,908,626 2,712,080 56,240 1,283,189 - - - - - - - - - - - - - - - - - - - -

168,344 10,217 451,123 1,908,626 2,712,080 56,240 1,521,816

168,895 409,007 457,701 2,182,382 2,720,039 56,240 1,527,157

(Continued)


67

State Housing 800 MHZTourist Initiative IRCP Fund Teen Animal

Development Partnership Account Court ControlASSETS

Cash and investments $ 24,218,299 4,254,205 416,203 234,876 109,569 Receivables: Interest - 24,636 - 1,341 - Trade, net - 2,490,665 7,941 - - Notes - 797,310 - - - Special assessments - - - - - Due from other funds 92,700 - - 693 - Due from other governments 1,810,517 - 390,921 813 - Inventory - - - - - Advances to other funds - - - - - Prepaid costs - - - - -

Total assets $ 26,121,516 7,566,816 815,065 237,723 109,569


Liabilities: Accounts payable $ 232,964 95,833 211,540 - 5,225 Wages payable 17,324 4,685 - 1,473 - Due to other funds 2,746 233 - 4,460 - Due to other governments - - - - - Deferred revenues - 3,136,136 - - - Refundable deposits - - - - - Retainage payable 8,149 - - - - Advances from other funds - - - - -

Total liabilities 261,183 3,236,887 211,540 5,933 5,225

Fund balances: Reserved for: Encumbrances 4,264,609 129,608 - - - Advances to other funds - - - - - Inventory - - - - - Prepaid costs - - - - - Debt service - - - - - Unreserved, reported in: Special revenue funds 21,595,724 4,200,321 603,525 231,790 104,344 Debt service funds - - - - - Capital projects funds - - - - -

Total fund balances 25,860,333 4,329,929 603,525 231,790 104,344

Total liabilities and fund balances $ 26,121,516 7,566,816 815,065 237,723 109,569





68

LawPublic Law Inmate County State Court Confiscated Enforcement GAC Land Sales,Library Library Welfare Drug Abuse Administration Property Training Roads and Canals

260,614 45,737 710,398 2,055 1,146,402 286,864 41,493 1,228,181

- - - - - 1,652 237 7,011 424 - - - 53 - - -

- - - - - - - - - - - - - - - - - - 8,286 - 29,464 2,405 - - - 813 - 80 5,367 - 607 - - - - - - - - 2,635,858 - - - - - - - - - - - - - - - -

261,038 46,550 718,684 2,135 1,181,286 290,921 42,337 3,871,050

1,148 - - - 40,726 - - - - - - - 43,255 - - - - 7,490 148,199 - 1,097,305 - - -

96 - - - - - - - - - - - - - - 2,635,858 - - - - - - - 3,555 - - - - - - - - - - - - - - - -

1,244 7,490 148,199 - 1,181,286 - - 2,639,413

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

259,794 39,060 570,485 2,135 - 290,921 42,337 1,231,637 - - - - - - - - - - - - - - - -

259,794 39,060 570,485 2,135 - 290,921 42,337 1,231,637

261,038 46,550 718,684 2,135 1,181,286 290,921 42,337 3,871,050

(Continued)


69

Euclid and FederalUtility Lakeland Legal Aid Equitable Domestic Conservation

Fee Assessment Society Sharing Violence CollierASSETS

Cash and investments $ 584,478 69,675 170,881 46,003 57,354 7,692,484 Receivables: Interest - 398 - - - 34,552 Trade, net - - - - - - Notes - - - - - - Special assessments - - - - - - Due from other funds - - - - - 111,026 Due from other governments - - 813 - 252 502 Inventory - - - - - - Advances to other funds - - - - - - Prepaid costs - - - - - -

Total assets $ 584,478 70,073 171,694 46,003 57,606 7,838,564


Liabilities: Accounts payable $ 2,663 - - - - 16,136 Wages payable 5,731 - - - - 2,018 Due to other funds - - 17,514 - - 428 Due to other governments - - - - - - Deferred revenues - - - - - - Refundable deposits - - - - - - Retainage payable - - - - - - Advances from other funds - - - - - -

Total liabilities 8,394 - 17,514 - - 18,582

Fund balances: Reserved for: Encumbrances 6,284 - - - - - Advances to other funds - - - - - - Inventory - - - - - - Prepaid costs - - - - - - Debt service - - - - - - Unreserved, reported in: Special revenue funds 569,800 70,073 154,180 46,003 57,606 7,819,982 Debt service funds - - - - - - Capital projects funds - - - - - -

Total fund balances 576,084 70,073 154,180 46,003 57,606 7,819,982

Total liabilities and fund balances $ 584,478 70,073 171,694 46,003 57,606 7,838,564





70

DebtServiceFunds

Court Gas TaxSupervisor Information Revenue

Driver of Elections Technology Court Crime BondsEducation Grants Fee Services Prevention Total Series 2003

114,515 12,279 289,240 288,367 21,190 86,758,856 4,416,900 -

- - - - - 161,089 25,214 - - - - - 3,526,426 - - - - - - 881,642 - - - - - - - -

5,738 616 - - - 757,780 - 951 - 138,214 - 1,100 5,339,835 -

- - - - - 2,636,076 - - - - - - - - - - - - - - -

121,204 12,895 427,454 288,367 22,290 100,061,704 4,442,114

- - - 3,384 - 2,188,790 - - - - - - 1,170,651 - - - - 8,995 - 2,013,336 - - - - - - 2,030,574 - - 12,895 - - - 7,780,091 - - - - - - 3,555 - - - - - - 194,073 - - - - - - 508,205 -

- 12,895 - 12,379 - 15,889,275 -

- - - - - 11,944,686 - - - - - - - - - - - - - 218 - - - - - - - - - - - - - - 4,414,413

121,204 - 427,454 275,988 22,290 72,227,525 - - - - - - - 27,701 - - - - - - -

121,204 - 427,454 275,988 22,290 84,172,429 4,442,114

121,204 12,895 427,454 288,367 22,290 100,061,704 4,442,114

(Continued)


71

Sales Tax Special CapitalRevenue Road and Obligation Improvement

Refunding Other Revenue Bonds Revenue BondsBonds Improvements Series 1997 Series 2002

ASSETS

Cash and investments $ 3,348,031 23,650 93,428 112,592 Receivables: Interest 19,113 135 533 643 Trade, net - 10,271 - - Notes - - - - Special assessments - - - - Due from other funds - 216 - - Due from other governments - 115,690 - - Inventory - - - - Advances to other funds - - - - Prepaid costs - - - -

Total assets $ 3,367,144 149,962 93,961 113,235


Liabilities: Accounts payable $ - - - - Wages payable - - - - Due to other funds - - - - Due to other governments - 939 - - Deferred revenues - - - - Refundable deposits - - - - Retainage payable - - - - Advances from other funds - - - -

Total liabilities - 939 - -

Fund balances: Reserved for: Encumbrances - - - - Advances to other funds - - - - Inventory - - - - Prepaid costs - - - - Debt service - - - - Unreserved, reported in: Special revenue funds - - - - Debt service funds 3,367,144 149,023 93,961 113,235 Capital projects funds - - - -

Total fund balances 3,367,144 149,023 93,961 113,235

Total liabilities and fund balances $ 3,367,144 149,962 93,961 113,235




Debt Service Funds

72

StormwaterImprovement Line County-Wide Correctional EmergencyAssessment of Capital Parks County-Wide Facilities Medical

Bonds Credit Total Improvements Improvements Library Impact Fees Service

630,589 2,834 8,628,024 8,096,938 2,957,451 2,118,062 22,309,748 3,094,669

3,600 - 49,238 - - - - 2,625 - - 10,271 51,469 5,220 5,931 1,298 1,099 - - - - - - - -

728,917 - 728,917 - - - - - 1,271 - 1,487 28,824 42,484 - - -

- - 115,690 1,006,067 117,044 97,870 91,187 21,880 - - - - - - - - - - - - - - - - - - - 4,713 - - - -

1,364,377 2,834 9,533,627 9,188,011 3,122,199 2,221,863 22,402,233 3,120,273

- - - 306,389 9,519 98,985 3,302,192 255,971 - - - - - - 4,569 - - - - 2,046 28,048 - - - - - 939 - - - - -

728,917 - 728,917 - - 104,767 6,187,713 2,085,368 - - - - - - - - - - - 122,289 18,774 - 1,809,736 146,241 - - - - - - - -

728,917 - 729,856 430,724 56,341 203,752 11,304,210 2,487,580

- - - 5,861,070 312,705 339,405 11,098,023 257,442 - - - - - - - - - - - - - - - - - - - 4,713 - - - - - - 4,414,413 - - - - -

- - - - - - - - 635,460 2,834 4,389,358 - - - - -

- - - 2,891,504 2,753,153 1,678,706 - 375,251

635,460 2,834 8,803,771 8,757,287 3,065,858 2,018,111 11,098,023 632,693

1,364,377 2,834 9,533,627 9,188,011 3,122,199 2,221,863 22,402,233 3,120,273

(Continued)

Capital Projects FundsDebt Service Funds

73

TotalOther Nonmajor

Water Capital Government GovernmentalManagement Projects Facilities Total Funds

ASSETS

Cash and investments $ 4,693,056 3,837,238 3,355,725 50,462,887 145,849,767 Receivables: Interest 5,401 - - 8,026 218,353 Trade, net 18,000 595 1,420 85,032 3,621,729 Notes - - - - 881,642 Special assessments - 111,491 - 111,491 840,408 Due from other funds 1,382 2,184 - 74,874 834,141 Due from other governments 3,165 1,870 17,292 1,356,375 6,811,900 Inventory - - - - 2,636,076 Advances to other funds - 200,000 - 200,000 200,000 Prepaid costs - - - 4,713 4,713

Total assets $ 4,721,004 4,153,378 3,374,437 52,303,398 161,898,729


Liabilities: Accounts payable $ 6,293 54,231 - 4,033,580 6,222,370 Wages payable - - - 4,569 1,175,220 Due to other funds - 776 - 30,870 2,044,206 Due to other governments - - - - 2,031,513 Deferred revenues - 158,793 352,084 8,888,725 17,397,733 Refundable deposits - - - - 3,555 Retainage payable 200 650 - 2,097,890 2,291,963 Advances from other funds - - - - 508,205

Total liabilities 6,493 214,450 352,084 15,055,634 31,674,765

Fund balances: Reserved for: Encumbrances 15,553 1,632,037 2,532,468 22,048,703 33,993,389 Advances to other funds - 200,000 - 200,000 200,000 Inventory - - - - 218 Prepaid costs - - - 4,713 4,713 Debt service - - - - 4,414,413 Unreserved, reported in: Special revenue funds - - - - 72,227,525 Debt service funds - - - - 4,389,358 Capital projects funds 4,698,958 2,106,891 489,885 14,994,348 14,994,348

Total fund balances 4,714,511 3,938,928 3,022,353 37,247,764 130,223,964

Total liabilities and fund balances $ 4,721,004 4,153,378 3,374,437 52,303,398 161,898,729




Capital Projects Funds

74

WaterRoad Unincorporated Community Management and

Districts Area MSTD Development Pollution Control

Revenues: Taxes $ - 25,201,129 - 1,541,807 Licenses and permits 517,766 764,972 16,598,976 340 Intergovernmental 1,800,619 14,624 - 162,645 Charges for services 10,310 2,631,961 3,295,582 141,713 Fines and forfeitures - 113,388 - - Interest income 286 37,809 1,061 57,663 Net decrease in fair value of investments (28,571) (151,815) (221,889) (30,134) Impact fees - - - - Special assessments - 35,696 - 2,255,766 Miscellaneous 214,436 174,875 427,861 525

Total revenues 2,514,846 28,822,639 20,101,591 4,130,325

Expenditures: Current: General government - 5,146,335 4,427,161 - Public safety - 2,642,182 8,713,236 - Physical environment - 613,208 321,858 2,126,616 Transportation 15,614,258 1,846,011 - 1,339,163 Economic environment - - - - Human services - - - - Culture and recreation - 10,138,125 - - Debt service 9,947 8,061 4,523 2,460 Capital outlay 6,567,159 5,891,261 1,445,296 140,351 Total expenditures 22,191,364 26,285,183 14,912,074 3,608,590

Excess of revenues over (under) expenditures (19,676,518) 2,537,456 5,189,517 521,735

Other financing sources (uses): Bonds issued - - 4,500,000 - Loans issued 5,980,230 - - - Payment to refunding bond escrow - - - - Transfers in 14,593,400 3,876,886 351,855 102,098 Transfers out (48,985) (3,164,434) (3,733,100) (207,043)

Total other financing sources (uses) 20,524,645 712,452 1,118,755 (104,945)

Net change in fund balances 848,127 3,249,908 6,308,272 416,790

Fund balances at beginning of year 1,033,440 6,574,879 6,363,373 1,521,156

Fund balances at end of year $ 1,881,567 9,824,787 12,671,645 1,937,946

See accompanying independent auditors’ report. (Continued)



COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004NONMAJOR GOVERNMENTAL FUNDS

75

Grants andShared Improvement Sheriff's Fire Control

Revenues Districts Grants Districts

Revenues: Taxes $ - 3,270,592 - 1,958,991 Licenses and permits - - - - Intergovernmental 6,527,077 - 4,412,125 - Charges for services - 351,043 - 50,392 Fines and forfeitures - - - - Interest income 10,841 203,167 - 25,251 Net decrease in fair value of investments (14,244) (88,063) - (6,878) Impact fees - - - - Special assessments - - - - Miscellaneous 39,402 171,296 - 22,568

Total revenues 6,563,076 3,908,035 4,412,125 2,050,324

Expenditures: Current: General government 343,281 - - - Public safety 378,845 409,300 4,589,719 2,060,277 Physical environment 193,107 195,243 - - Transportation 1,877,114 98,700 - - Economic environment 2,446,226 - - - Human services 1,321,557 - - - Culture and recreation 253,994 1,153,096 - - Debt service 107 565 - 44,508 Capital outlay 762,129 1,388,728 552,114 11,050 Total expenditures 7,576,360 3,245,632 5,141,833 2,115,835

Excess of revenues over (under) expenditures (1,013,284) 662,403 (729,708) (65,511)

Other financing sources (uses): Bonds issued - - - - Loans issued - - - - Payment to refunding bond escrow - - - - Transfers in 1,210,926 950,836 729,708 277,402 Transfers out - (831,342) - (63,617)

Total other financing sources (uses) 1,210,926 119,494 729,708 213,785

Net change in fund balances 197,642 781,897 - 148,274

Fund balances at beginning of year 1,454,085 5,045,406 - 263,580

Fund balances at end of year $ 1,651,727 5,827,303 - 411,854


COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004


76

Miscellaneous 911 PublicFlorida Statutes Lighting Enhancement Records Adoption CommunityFee Collections Museum Districts Fee Modernization Awareness Redevelopment

- - 1,108,203 1,762,773 - - - - - - - - - - - - - - - 18,782 -

100,647 - - - 949,090 - - 29,516 - - - - - -

- 39 31,484 72,746 28,289 910 23,995 (2,476) (6,039) (6,527) (30,491) - (739) (22,463)

- - - - - - - - - - - - - - - - 11 - - - -

127,687 (6,000) 1,133,171 1,805,028 977,379 18,953 1,532

157,661 - - - 136,454 - - - - - 1,274,894 - - - - - - - - - - - - 670,115 - - - - - - - - - - 348,883 - - - - - 10,000 - - 1,102,994 - - - - - - 17,352 - - - - -

19,396 63,027 - - 5,678 - 3,641

177,057 1,183,373 670,115 1,274,894 142,132 10,000 352,524

(49,370) (1,189,373) 463,056 530,134 835,247 8,953 (350,992)

- - - - - - - - - - - - - - - - - - - - -

24,400 1,295,000 13,857 - - 6,032 929,800 - - (441,456) (53,000) (111,728) - (198,885)

24,400 1,295,000 (427,599) (53,000) (111,728) 6,032 730,915

(24,970) 105,627 35,457 477,134 723,519 14,985 379,923

193,314 (95,410) 415,666 1,431,492 1,988,561 41,255 1,141,893

168,344 10,217 451,123 1,908,626 2,712,080 56,240 1,521,816

(Continued)


77

State Housing 800 MHZTourist Initiative IRCP Fund Teen Animal

Development Partnership Account Court Control

Revenues: Taxes $ 9,719,819 - - - - Licenses and permits - - - - 12,996 Intergovernmental 214,691 2,613,797 - - - Charges for services 32,995 1,099,647 549,609 - 42,120 Fines and forfeitures - - - 146,290 - Interest income 4,033 107,366 - 1,811 - Net decrease in fair value of investments (358,290) (63,848) (6,157) (3,474) (1,621) Impact fees - - - - - Special assessments - - - - - Miscellaneous 7,112 - 572,549 - -

Total revenues 9,620,360 3,756,962 1,116,001 144,627 53,495

Expenditures: Current: General government - - - 54,125 - Public safety - - 797,886 - - Physical environment 743,457 - - - - Transportation - - - - - Economic environment - 2,802,506 - - - Human services - - - - 28,522 Culture and recreation 2,008,510 - - - - Debt service 186 301 - - - Capital outlay 2,367,076 1,891 - - - Total expenditures 5,119,229 2,804,698 797,886 54,125 28,522

Excess of revenues over (under) expenditures 4,501,131 952,264 318,115 90,502 24,973

Other financing sources (uses): Bonds issued - - - - - Loans issued - - - - - Payment to refunding bond escrow - - - - - Transfers in 92,700 - - 693 - Transfers out (1,379,502) (217,489) - - -

Total other financing sources (uses) (1,286,802) (217,489) - 693 -

Net change in fund balances 3,214,329 734,775 318,115 91,195 24,973

Fund balances at beginning of year 22,646,004 3,595,154 285,410 140,595 79,371

Fund balances at end of year $ 25,860,333 4,329,929 603,525 231,790 104,344




NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

78

LawPublic Law Inmate County State Court Confiscated Enforcement GAC Land Sales,Library Library Welfare Drug Abuse Administration Property Training Roads and Canals

- - - - - - - - - - - - - - - - - - - - - - - -

15,980 79,222 485,393 - - - - - - - - 443 161,804 182,613 29,268 - - 321 - - - 8,064 603 34,050

(3,855) (677) - (31) (16,919) (4,281) (614) (18,170) - - - - - - - - - - - - - - - -

83,352 - - - 1,645 - - 216,493

95,477 78,866 485,393 412 146,530 186,396 29,257 232,373

- 65,360 - - 2,901,298 - - - - - 517,002 - 1,416,115 - 5,952 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

15,923 - - - - - - 5,083 - - - - - - - -

83,517 - 466,201 - 39,133 - - 102,918

99,440 65,360 983,203 - 4,356,546 - 5,952 108,001

(3,963) 13,506 (497,810) 412 (4,210,016) 186,396 23,305 124,372

- - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,297,900 - - - - - - - (1,087,884) (137,100) - -

- - - - 4,210,016 (137,100) - -

(3,963) 13,506 (497,810) 412 - 49,296 23,305 124,372

263,757 25,554 1,068,295 1,723 - 241,625 19,032 1,107,265

259,794 39,060 570,485 2,135 - 290,921 42,337 1,231,637

(Continued)


79

Euclid and FederalUtility Lakeland Legal Aid Equitable Domestic Conservation

Fee Assessment Society Sharing Violence Collier

Revenues: Taxes $ 140,573 - - - - 11,088,643 Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services - - - 2,907 - - Fines and forfeitures - - 82,689 - 27,333 - Interest income 31 2,469 - - - 37,284 Net decrease in fair value of investments (8,641) (1,030) (2,528) - (849) (113,806) Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - - - - - 16,989

Total revenues 131,963 1,439 80,161 2,907 26,484 11,029,110

Expenditures: Current: General government 351,664 - - - - - Public safety - - - - - - Physical environment - - - - - 180,962 Transportation - - - - - - Economic environment - - - - - - Human services - - 59,935 - - - Culture and recreation - - - - - - Debt service 444 - - - - - Capital outlay - - - - - 23,964,972 Total expenditures 352,108 - 59,935 - - 24,145,934

Excess of revenues over (under) expenditures (220,145) 1,439 20,226 2,907 26,484 (13,116,824)

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - 21,165,421 Payment to refunding bond escrow - - - - - - Transfers in - - - - - 111,026 Transfers out (153,309) - - - - (381,632)

Total other financing sources (uses) (153,309) - - - - 20,894,815

Net change in fund balances (373,454) 1,439 20,226 2,907 26,484 7,777,991

Fund balances at beginning of year 949,538 68,634 133,954 43,096 31,122 41,991

Fund balances at end of year $ 576,084 70,073 154,180 46,003 57,606 7,819,982



NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)



80

DebtServiceFunds

Court Gas TaxSupervisor Information Revenue

Driver of Elections Technology Court Crime BondsEducation Grants Fee Services Prevention Total Series 2003

- - - - - 55,792,530 - - - - - - 17,895,050 - - 47,915 - - - 15,812,275 - - - 431,733 2,036,073 22,603 12,329,020 -

117,161 - - - - 890,505 - - - - 3,172 - 692,745 40,594

(1,694) - (4,279) - (313) (1,221,406) (65,346) - - - - - - - - - - - - 2,291,462 - - - - - - 1,949,114 -

115,467 47,915 427,454 2,039,245 22,290 106,431,295 (24,752)

- 54,599 - 1,513,194 - 15,151,132 - - - - - - 22,805,408 - - - - - - 4,374,451 - - - - - - 21,445,361 - - - - - - 5,597,615 - - - - - - 1,420,014 - - - - - - 14,677,725 - - - - - - 88,454 9,503,986 - - - - - 43,875,538 -

- 54,599 - 1,513,194 - 129,435,698 9,503,986

115,467 (6,684) 427,454 526,051 22,290 (23,004,403) (9,528,738)

- - - - - 4,500,000 - - - - - - 27,145,651 - - - - - - - -

5,737 6,684 - 995 - 29,877,935 9,274,300 - - - (251,058) - (12,461,564) -

5,737 6,684 - (250,063) - 49,062,022 9,274,300

121,204 - 427,454 275,988 22,290 26,057,619 (254,438)

- - - - - 58,114,810 4,696,552

121,204 - 427,454 275,988 22,290 84,172,429 4,442,114

(Continued)


81

Sales Tax Special CapitalRevenue Road and Obligation Improvement

Refunding Other Revenue Bonds Revenue BondsBonds Improvements Series 1997 Series 2002

Revenues: Taxes $ - - - - Licenses and permits - - - - Intergovernmental 3,456,900 - - - Charges for services - - - - Fines and forfeitures - - - - Interest income 117,466 1,818 42,366 5,987 Net decrease in fair value of investments (49,533) (350) (1,382) (1,666) Impact fees - - - - Special assessments - - - - Miscellaneous - 40,620 - -

Total revenues 3,524,833 42,088 40,984 4,321

Expenditures: Current: General government - - - - Public safety - - - - Physical environment - - - - Transportation - - - - Economic environment - - - - Human services - - - - Culture and recreation - - - - Debt service 5,580,457 2,414,852 1,918,082 4,499,712 Capital outlay - - - - Total expenditures 5,580,457 2,414,852 1,918,082 4,499,712

Excess of revenues over (under) expenditures (2,055,624) (2,372,764) (1,877,098) (4,495,391)

Other financing sources (uses): Bonds issued 6,360,000 - - - Loans issued - 81,482 - - Payment to refunding bond escrow (5,078,528) - - - Transfers in 841,700 2,326,063 711,300 4,466,100 Transfers out - - - -

Total other financing sources (uses) 2,123,172 2,407,545 711,300 4,466,100

Net change in fund balances 67,548 34,781 (1,165,798) (29,291)

Fund balances at beginning of year 3,299,596 114,242 1,259,759 142,526

Fund balances at end of year $ 3,367,144 149,023 93,961 113,235



NONMAJOR GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

Debt Service Funds

82

StormwaterImprovement Line County-Wide Correctional EmergencyAssessment of Capital Parks County-Wide Facilities Medical

Bonds Credit Total Improvements Improvements Library Impact Fees Service

- - - - - - - - - - - - - - - - - - 3,456,900 1,092,000 141,415 142,591 - 1,158,099 - - - 310 506,793 - - - - - - - - - - -

24,005 50 232,286 - - - - 613 (9,329) (42) (127,648) (119,791) (43,754) (31,322) (330,064) (45,784)

- - - - - 1,856,873 756,911 1,190,817 168,137 - 168,137 - - - - -

- - 40,620 8,216 - - - -

182,813 8 3,770,295 980,735 604,454 1,968,142 426,847 2,303,745

- - - - - - - - - - - - - - 80,786 58,601 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 17,860 - -

208,150 281 24,125,520 - - - - - - - - 28,113,244 1,023,585 1,444,929 27,630,961 2,276,615

208,150 281 24,125,520 28,113,244 1,023,585 1,462,789 27,711,747 2,335,216

(25,337) (273) (20,355,225) (27,132,509) (419,131) 505,353 (27,284,900) (31,471)

- - 6,360,000 - - - 38,500,000 - - - 81,482 15,523,212 - - - - - - (5,078,528) - - - - -

1,271 - 17,620,734 13,040,122 292,684 - - - (4,940) - (4,940) (3,072,000) (34,671) (472,200) (665,100) (13,700)

(3,669) - 18,978,748 25,491,334 258,013 (472,200) 37,834,900 (13,700)

(29,006) (273) (1,376,477) (1,641,175) (161,118) 33,153 10,550,000 (45,171)

664,466 3,107 10,180,248 10,398,462 3,226,976 1,984,958 548,023 677,864

635,460 2,834 8,803,771 8,757,287 3,065,858 2,018,111 11,098,023 632,693

(Continued)

Debt Service Funds Capital Project Funds

83

TotalOther Nonmajor

Water Capital Government GovernmentalManagement Projects Facilities Total Funds

Revenues: Taxes $ - - - - 55,792,530 Licenses and permits - - - - 17,895,050 Intergovernmental 98,767 - - 2,632,872 21,902,047 Charges for services 77 - - 507,180 12,836,200 Fines and forfeitures - - - - 890,505 Interest income 22,801 - - 23,414 948,445 Net decrease in fair value of investments (69,299) (56,771) (49,647) (746,432) (2,095,486) Impact fees - 94,338 241,423 4,140,362 4,140,362 Special assessments 142,719 41,653 - 184,372 2,643,971 Miscellaneous - - - 8,216 1,997,950

Total revenues 195,065 79,220 191,776 6,749,984 116,951,574

Expenditures: Current: General government - - - - 15,151,132 Public safety - - - 139,387 22,944,795 Physical environment - - - - 4,374,451 Transportation - - - - 21,445,361 Economic environment - - - - 5,597,615 Human services - - - - 1,420,014 Culture and recreation - - - 17,860 14,695,585 Debt service - - - - 24,213,974 Capital outlay 160,062 689,937 241,423 61,580,756 105,456,294 Total expenditures 160,062 689,937 241,423 61,738,003 215,299,221

Excess of revenues over (under) expenditures 35,003 (610,717) (49,647) (54,988,019) (98,347,647)

Other financing sources (uses): Bonds issued - - - 38,500,000 49,360,000 Loans issued - 2,494,655 - 18,017,867 45,245,000 Payment to refunding bond escrow - - - - (5,078,528) Transfers in 404,382 1,328,153 3,072,000 18,137,341 65,636,010 Transfers out (2,575) (250,866) - (4,511,112) (16,977,616)

Total other financing sources (uses) 401,807 3,571,942 3,072,000 70,144,096 138,184,866

Net change in fund balances 436,810 2,961,225 3,022,353 15,156,077 39,837,219

Fund balances at beginning of year 4,277,701 977,703 - 22,091,687 90,386,745

Fund balances at end of year $ 4,714,511 3,938,928 3,022,353 37,247,764 130,223,964


Capital Projects Funds


NONMAJOR GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

84

Budget Actual Variance Budget Actual Variance

Revenues: Taxes $ - - - 25,863,300 25,201,129 (662,171) Licenses and permits 667,300 517,766 (149,534) 613,500 764,972 151,472 Intergovernmental 1,902,652 1,800,619 (102,033) 78,600 14,624 (63,976) Charges for services 50,000 10,310 (39,690) 2,820,500 2,631,961 (188,539) Fines and forfeitures - - - 80,000 113,388 33,388 Interest income - 286 286 15,000 37,809 22,809 Impact fees - - - - - - Special assessments - - - 40,000 35,696 (4,304) Miscellaneous 97,915 214,436 116,521 92,320 174,875 82,555

Total revenues 2,717,867 2,543,417 (174,450) 29,603,220 28,974,454 (628,766)

Expenditures: Current: General government - - - 6,039,715 5,279,920 759,795 Public safety - - - 3,043,878 2,742,683 301,195 Physical environment - - - 694,104 615,162 78,942 Transportation 23,657,549 22,181,417 1,476,132 5,546,423 3,655,092 1,891,331 Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - 11,344,566 10,683,710 660,856 Debt service 13,200 9,947 3,253 10,300 8,361 1,939 Capital outlay - - - 6,553,402 3,300,255 3,253,147

Total expenditures 23,670,749 22,191,364 1,479,385 33,232,388 26,285,183 6,947,205

Excess of revenues over (under) expenditures (20,952,882) (19,647,947) 1,304,935 (3,629,168) 2,689,271 6,318,439

Other financing sources (uses): Bonds issued 5,990,000 5,980,230 (9,770) - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 14,593,400 14,593,400 - 7,917,344 8,137,945 220,601 Transfers out (50,000) (48,985) 1,015 (7,467,909) (7,425,493) 42,416

Total other financing sources (uses) 20,533,400 20,524,645 (8,755) 449,435 712,452 263,017

Net change in fund balances (419,482) 876,698 1,296,180 (3,179,733) 3,401,723 6,581,456

Fund balances at beginning of year 622,669 3,486,756

Fund balances at end of year $ 203,187 307,023

See accompanying independent auditors’ report. (CONTINUED)

COLLIER COUNTY, FLORIDACOMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL (BUDGETARY BASIS)NONMAJOR GOVERNMENTAL FUNDS


Road Districts (Non-GAAP) Unincorporated Area MSTD (Non-GAAP)

85


Revenues: Taxes $ - - - 1,600,300 1,541,807 (58,493) Licenses and permits 14,817,800 16,598,976 1,781,176 500 340 (160) Intergovernmental - - - 1,590 162,645 161,055 Charges for services 3,209,700 3,295,582 85,882 131,400 141,713 10,313 Fines and forfeitures - - - - - - Interest income - 1,061 1,061 31,800 57,663 25,863 Impact fees - - - - - - Special assessments - - - 2,337,400 2,255,766 (81,634) Miscellaneous 155,800 427,861 272,061 - 525 525

Total revenues 18,183,300 20,323,480 2,140,180 4,102,990 4,160,459 57,469

Expenditures: Current: General government 7,250,750 5,519,960 1,730,790 - - - Public safety 11,684,609 9,065,733 2,618,876 - - - Physical environment 329,400 321,858 7,542 2,763,624 2,206,567 557,057 Transportation - - - 1,514,700 1,399,563 115,137 Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service 5,800 4,523 1,277 4,700 2,460 2,240 Capital outlay - - - - - -

Total expenditures 19,270,559 14,912,074 4,358,485 4,283,024 3,608,590 674,434

Excess of revenues over (under) expenditures (1,087,259) 5,411,406 6,498,665 (180,034) 551,869 731,903

Other financing sources (uses): Bonds issued - 4,500,000 4,500,000 - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 2,337,255 2,337,255 - 56,900 102,098 45,198 Transfers out (5,728,500) (5,718,500) 10,000 (252,200) (207,043) 45,157

Total other financing sources (uses) (3,391,245) 1,118,755 4,510,000 (195,300) (104,945) 90,355

Net change in fund balances (4,478,504) 6,530,161 11,008,665 (375,334) 446,924 822,258

Fund balances at beginning of year 9,291,967 1,172,524

Fund balances at end of year $ 4,813,463 797,190



BUDGET AND ACTUAL (BUDGETARY BASIS)

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004NONMAJOR GOVERNMENTAL FUNDS

Community Development (Non-GAAP) Water Management and Pollution Control (Non-GAAP)

86


- - - 3,383,300 3,270,592 (112,708) - - - - - -

17,475,294 6,753,158 (10,722,136) - - - - - - 370,000 351,043 (18,957) - - - - - - - 10,841 10,841 133,200 203,167 69,967 - - - - - - - - - 12,395 - (12,395)

30,200 39,402 9,202 - 171,296 171,296

17,505,494 6,803,401 (10,702,093) 3,898,895 3,996,098 97,203

1,352,724 366,932 985,792 - - - 1,731,107 738,642 992,465 457,300 448,270 9,030

437,072 193,107 243,965 3,876,269 701,806 3,174,463 5,581,635 2,463,673 3,117,962 2,349,034 938,083 1,410,951 7,772,358 2,469,560 5,302,798 - - - 1,687,740 1,321,557 366,183 - - -

628,062 385,963 242,099 1,171,640 1,156,908 14,732 - 107 (107) 2,800 565 2,235 - - - - - -

19,190,698 7,939,541 11,251,157 7,857,043 3,245,632 4,611,411

(1,685,204) (1,136,140) 549,064 (3,958,148) 750,466 4,708,614

- - - - - - - - - - - - - - - - - -

1,195,478 1,348,026 152,548 950,200 950,836 636 - - - (847,800) (831,342) 16,458

1,195,478 1,348,026 152,548 102,400 119,494 17,094

(489,726) 211,886 701,612 (3,855,748) 869,960 4,725,708

660,155 6,783,948

170,429 2,928,200

(CONTINUED)

Improvement Districts (Non-GAAP)Grants and Shared Revenues (Non-GAAP)

87


Revenues: Taxes $ 1,921,400 1,958,991 37,591 - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services 65,500 50,392 (15,108) 100,000 100,647 647 Fines and forfeitures - - - 34,000 29,516 (4,484) Interest income 20,000 25,251 5,251 2,000 - (2,000) Impact fees - - - - - - Special assessments - - - - - - Miscellaneous 21,000 22,568 1,568 19,000 - (19,000)

Total revenues 2,027,900 2,057,202 29,302 155,000 130,163 (24,837)

Expenditures: Current: General government - - - 322,000 177,057 144,943 Public safety 2,165,868 2,071,327 94,541 - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service 69,800 44,508 25,292 - - - Capital outlay - - - - - -

Total expenditures 2,235,668 2,115,835 119,833 322,000 177,057 144,943

Excess of revenues over (under) expenditures (207,768) (58,633) 149,135 (167,000) (46,894) 120,106

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 400,600 423,902 23,302 24,400 24,000 (400) Transfers out (232,500) (210,117) 22,383 - - -

Total other financing sources (uses) 168,100 213,785 45,685 24,400 24,000 (400)

Net change in fund balances (39,668) 155,152 194,820 (142,600) (22,894) 119,706

Fund balances at beginning of year 105,300 169,700




Fire Control Districts (Non-GAAP) Fee Collections (Non-GAAP)


BUDGET AND ACTUAL (BUDGETARY BASIS)NONMAJOR GOVERNMENTAL FUNDS

Miscellaneous Florida Statutes

88


- - - 1,151,600 1,108,203 (43,397) - - - - - - - - - - - - - - - - - - - - - - - - - 39 39 14,900 31,484 16,584 - - - - - - - - - - - - - - - - 11 11

- 39 39 1,166,500 1,139,698 (26,802)

- - - - - - - - - - - - - - - - - - - - - 869,800 670,115 199,685 - - - - - - - - - - - -

1,541,822 1,166,021 375,801 - - - 2,800 17,352 (14,552) - - -

- - - - - -

1,544,622 1,183,373 361,249 869,800 670,115 199,685

(1,544,622) (1,183,334) 361,288 296,700 469,583 172,883

- - - - - - - - - - - - - - - - - -

1,295,000 1,295,000 - - 13,857 13,857 (59,800) (59,800) - (452,100) (441,456) 10,644

1,235,200 1,235,200 - (452,100) (427,599) 24,501

(309,422) 51,866 361,288 (155,400) 41,984 197,384

337,007 238,700

27,585 83,300

(CONTINUED)

Lighting Districts (Non-GAAP)Museum (Non-GAAP)

89


Revenues: Taxes $ 1,445,200 1,762,773 317,573 - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services - - - 2,243,400 949,090 (1,294,310) Fines and forfeitures - - - - - - Interest income 40,500 72,746 32,246 29,000 28,289 (711) Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - - - - - -

Total revenues 1,485,700 1,835,519 349,819 2,272,400 977,379 (1,295,021)

Expenditures: Current: General government - - - 1,810,000 142,132 1,667,868 Public safety 1,297,400 1,274,894 22,506 - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service - - - - - - Capital outlay - - - - - -

Total expenditures 1,297,400 1,274,894 22,506 1,810,000 142,132 1,667,868

Excess of revenues over (under) expenditures 188,300 560,625 372,325 462,400 835,247 372,847

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in - - - - - - Transfers out (53,000) (53,000) - - (111,728) (111,728)

Total other financing sources (uses) (53,000) (53,000) - - (111,728) (111,728)

Net change in fund balances 135,300 507,625 372,325 462,400 723,519 261,119


Fund balances at end of year $ 1,438,500 1,789,000


911 Enhancement Fee (Non-GAAP) Public Records Modernization




COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES


90


- - - - - - - - - - - -

9,500 18,782 9,282 - - - - - - - - - - - - - - -

400 910 510 22,000 23,995 1,995 - - - - - - - - - - - - - - - - - -

9,900 19,692 9,792 22,000 23,995 1,995

- - - - - - - - - - - - - - - - - - - - - - - - - - - 746,063 352,524 393,539

43,800 10,000 33,800 - - - - - - - - - - - - - - - - - - - - -

43,800 10,000 33,800 746,063 352,524 393,539

(33,900) 9,692 43,592 (724,063) (328,529) 395,534

- - - - - - - - - - - - - - - - - - - 6,032 6,032 929,800 929,800 - - - - (198,885) (198,885) -

- 6,032 6,032 730,915 730,915 -

(33,900) 15,724 49,624 6,852 402,386 395,534

43,800 876,600

9,900 883,452

(CONTINUED)

Adoption Awareness (Non-GAAP) Community Redevelopment (Non-GAAP)

91


Revenues: Taxes $ 8,446,000 9,719,819 1,273,819 - - - Licenses and permits - - - - - - Intergovernmental - 214,691 214,691 5,286,669 2,490,707 (2,795,962) Charges for services - 32,995 32,995 2,603,947 1,108,647 (1,495,300) Fines and forfeitures - - - - - - Interest income - 4,033 4,033 - 107,366 107,366 Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - 7,112 7,112 - - -

Total revenues 8,446,000 9,978,650 1,532,650 7,890,616 3,706,720 (4,183,896)

Expenditures: Current: General government - - - - - - Public safety - - - - - - Physical environment 11,660,660 2,935,293 8,725,367 - - - Transportation - - - - - - Economic environment - - - 7,708,640 3,004,397 4,704,243 Human services - - - - - - Culture and recreation 4,168,221 2,183,750 1,984,471 - - - Debt service - 186 (186) 310 301 9 Capital outlay - - - - - -


Excess of revenues over (under) expenditures (7,382,881) 4,859,421 12,242,302 181,666 702,022 520,356

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in - 92,700 92,700 - - - Transfers out (1,379,000) (1,378,931) 69 - (217,489) (217,489)

Total other financing sources (uses) (1,379,000) (1,286,231) 92,769 - (217,489) (217,489)

Net change in fund balances (8,761,881) 3,573,190 12,335,071 181,666 484,533 302,867

Fund balances at beginning of year 24,543,375 230,834

Fund balances at end of year $ 15,781,494 412,500





Tourist Development (Non-GAAP) State Housing Initiative Partnership (Non-GAAP)


92


- - - - - - - - - - - - - - - - - -

570,900 549,609 (21,291) - - - - - - 140,000 146,290 6,290 - - - 6,500 1,811 (4,689) - - - - - - - - - - - -

105,000 572,549 467,549 - - -

675,900 1,122,158 446,258 146,500 148,101 1,601

- - - 61,300 54,125 7,175 704,625 797,886 (93,261) - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

704,625 797,886 (93,261) 61,300 54,125 7,175

(28,725) 324,272 352,997 85,200 93,976 8,776

- - - - - - - - - - - - - - - - - - - - - - 693 693 - - - - - -

- - - - 693 693

(28,725) 324,272 352,997 85,200 94,669 9,469

63,225 112,200

34,500 197,400

(CONTINUED)

800 MHZ IRCP Fund Account (Non-GAAP) Teen Court (Non-GAAP)

93


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services 47,900 55,116 7,216 - 15,980 15,980 Fines and forfeitures - - - - - - Interest income - - - - - - Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - - - 50,000 83,352 33,352

Total revenues 47,900 55,116 7,216 50,000 99,332 49,332

Expenditures: Current: General government - - - - - - Public safety - - - - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services 60,000 28,522 31,478 - - - Culture and recreation - - - 181,500 99,440 82,060 Debt service - - - - - - Capital outlay - - - - - -

Total expenditures 60,000 28,522 31,478 181,500 99,440 82,060

Excess of revenues over (under) expenditures (12,100) 26,594 38,694 (131,500) (108) 131,392

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in - - - - - - Transfers out - - - - - -

Total other financing sources (uses) - - - - - -

Net change in fund balances (12,100) 26,594 38,694 (131,500) (108) 131,392


Fund balances at end of year $ 75,300 -




Animal Control (Non-GAAP) Public Library (Non-GAAP)



94


- - - - - - - - - - - - - - - - - -

106,575 79,222 (27,353) - - - - - - - 443 443

500 321 (179) - - - - - - - - - - - - - - - - - - - - -

107,075 79,543 (27,532) - 443 443

108,700 65,360 43,340 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

108,700 65,360 43,340 - - -

(1,625) 14,183 15,808 - 443 443

- - - - - - - - - - - - - - - - - - - - - - 693 693 - - - - - -

- - - - 693 693

(1,625) 14,183 15,808 - 1,136 1,136

20,150 1,600

18,525 1,600

(CONTINUED)

Law Library (Non-GAAP) County Drug Abuse (Non-GAAP)

95


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services - - - - - - Fines and forfeitures - 161,804 161,804 18,099 182,613 164,514 Interest income - - - - 8,064 8,064 Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - 1,645 1,645 - - -

Total revenues - 163,449 163,449 18,099 190,677 172,578

Expenditures: Current: General government 3,722,200 2,926,328 795,872 - - - Public safety 1,575,700 1,430,218 145,482 - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service - - - - - - Capital outlay - - - - - -

Total expenditures 5,297,900 4,356,546 941,354 - - -

Excess of revenues over (under) expenditures (5,297,900) (4,193,097) 1,104,803 18,099 190,677 172,578

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 5,297,900 5,297,900 - - - - Transfers out - (1,087,884) (1,087,884) (185,399) (137,100) 48,299

Total other financing sources (uses) 5,297,900 4,210,016 (1,087,884) (185,399) (137,100) 48,299

Net change in fund balances - 16,919 16,919 (167,300) 53,577 220,877

Fund balances at beginning of year - 173,600

Fund balances at end of year $ - 6,300


State Court Administration (Non-GAAP) Confiscated Property (Non-GAAP)



FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)

96


- - - - - - - - - - - - - - - - - - - - - - - -

6,400 29,268 22,868 - - - - 603 603 - 34,050 34,050 - - - - - - - - - - - - - - - 44,000 216,492 172,492

6,400 29,871 23,471 44,000 250,542 206,542

- - - - - - 10,000 5,952 4,048 - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - 199,145 108,001 91,144 - - - - - - - - - - - -

10,000 5,952 4,048 199,145 108,001 91,144

(3,600) 23,919 27,519 (155,145) 142,541 297,686

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - -

(3,600) 23,919 27,519 (155,145) 142,541 297,686

7,500 903,800

3,900 748,655

(CONTINUED)

Law Enforcement Training (Non-GAAP) GAC Land Sales Roads and Canals (Non-GAAP)

97


Revenues: Taxes $ 407,000 140,573 (266,427) - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services - - - - - - Fines and forfeitures - - - 110,000 82,689 (27,311) Interest income - 31 31 - - - Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - - - - - -

Total revenues 407,000 140,604 (266,396) 110,000 82,689 (27,311)

Expenditures: Current: General government 442,713 351,664 91,049 - - - Public safety - - - - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - 143,900 59,935 83,965 Culture and recreation - - - - - - Debt service 600 444 156 - - - Capital outlay - - - - - -

Total expenditures 443,313 352,108 91,205 143,900 59,935 83,965

Excess of revenues over (under) expenditures (36,313) (211,504) (175,191) (33,900) 22,754 56,654

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in - - - - - - Transfers out (153,309) (153,309) - - - -

Total other financing sources (uses) (153,309) (153,309) - - - -

Net change in fund balances (189,622) (364,813) (175,191) (33,900) 22,754 56,654


Fund balances at end of year $ 596,691 -


Legal Aid Society (Non-GAAP)




Utility Fees (Non-GAAP)


98


10,947,900 11,088,643 140,743 - - - - - - - - - - - - - - - - - - - - - - - - 100,000 117,161 17,161

100,000 37,284 (62,716) - - - - - - - - - - - - - - - - 16,989 16,989 - - -

11,047,900 11,142,916 95,016 100,000 117,161 17,161

- - - - - - - - - - - -

619,400 180,962 438,438 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

24,162,100 23,964,972 197,128 - - -

24,781,500 24,145,934 635,566 - - -

(13,733,600) (13,003,018) 730,582 100,000 117,161 17,161

21,200,100 21,165,421 (34,679) - - - - - - - - - - - - - - -

1,664,100 1,775,126 111,026 - 5,737 5,737 (2,125,500) (2,045,732) 79,768 - - -

20,738,700 20,894,815 156,115 - 5,737 5,737

7,005,100 7,891,797 886,697 100,000 122,898 22,898

15,900 -

7,021,000 100,000

(CONTINUED)

Driver Education (Non-GAAP)Conservation Collier (Non-GAAP)

99


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental 68,474 47,915 (20,559) - - - Charges for services - - - 2,450,600 2,036,073 (414,527) Fines and forfeitures - - - - - - Interest income - - - - 3,172 3,172 Impact fees - - - - - - Special assessments - - - - - - Miscellaneous - - - - - -

Total revenues 68,474 47,915 (20,559) 2,450,600 2,039,245 (411,355)

Expenditures: Current: General government 75,158 54,599 20,559 1,673,600 1,513,194 160,406 Public safety - - - - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service - - - - - - Capital outlay - - - - - -

Total expenditures 75,158 54,599 20,559 1,673,600 1,513,194 160,406

Excess of revenues over (under) expenditures (6,684) (6,684) - 777,000 526,051 (250,949)

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 6,684 6,684 - 17,700 995 (16,705) Transfers out - - - - (251,058) (251,058)

Total other financing sources (uses) 6,684 6,684 - 17,700 (250,063) (267,763)

Net change in fund balances - - - 794,700 275,988 (518,712)

Fund balances at beginning of year - -

Fund balances at end of year $ - 794,700




Supervisor of Elections Grants Court Services



100


- - - - - - - - - - - - - - - 3,456,900 3,456,900 - - - - - - - - - - - - -

60,000 40,594 (19,406) 100,000 117,466 17,466 - - - - - - - - - - - - - - - - - -

60,000 40,594 (19,406) 3,556,900 3,574,366 17,466

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

9,503,100 9,503,986 (886) 5,697,600 5,580,457 117,143 - - - - - -

9,503,100 9,503,986 (886) 5,697,600 5,580,457 117,143

(9,443,100) (9,463,392) (20,292) (2,140,700) (2,006,091) 134,609

- - - 6,360,000 6,360,000 - - - - - - - - - - (5,078,600) (5,078,528) 72

9,274,300 9,274,300 - 841,700 841,700 - - - - - - -

9,274,300 9,274,300 - 2,123,100 2,123,172 72

(168,800) (189,092) (20,292) (17,600) 117,081 134,681

4,684,500 2,916,500

4,515,700 2,898,900

(CONTINUED)

Gas Tax Revenue Refunding Bonds (Non-GAAP) Sales Tax Revenue Refunding Bonds (Non-GAAP)

101


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental - - - - - - Charges for services - - - - - - Fines and forfeitures - - - - - - Interest income - 1,818 1,818 10,000 42,366 32,366 Impact fees - - - - - - Special assessments - - - - - - Miscellaneous 61,800 40,620 (21,180) - - -

Total revenues 61,800 42,438 (19,362) 10,000 42,366 32,366

Expenditures: Current: General government - - - - - - Public safety - - - - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service 2,898,800 2,414,852 483,948 1,920,300 1,918,082 2,218 Capital outlay - - - - - -

Total expenditures 2,898,800 2,414,852 483,948 1,920,300 1,918,082 2,218

Excess of revenues over (under) expenditures (2,837,000) (2,372,414) 464,586 (1,910,300) (1,875,716) 34,584

Other financing sources (uses): Bonds issued - - - - - - Loans issued - 81,482 81,482 - - - Payment to refunding bond escrow - - - - - - Transfers in 2,706,000 2,326,063 (379,937) 711,300 711,300 - Transfers out - - - - - -

Total other financing sources (uses) 2,706,000 2,407,545 (298,455) 711,300 711,300 -

Net change in fund balances (131,000) 35,131 166,131 (1,199,000) (1,164,416) 34,584

Fund balances at beginning of year 131,000 1,199,000

Fund balances at end of year $ - -


Special Obligation Revenue BondsRoad and Other Improvements (Non-GAAP) Series 1997 (Non-GAAP)




102


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1,600 5,987 4,387 30,000 24,005 (5,995) - - - - - - - - - 200,000 168,137 (31,863) - - - - - -

1,600 5,987 4,387 230,000 192,142 (37,858)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

4,504,700 4,499,712 4,988 213,600 208,150 5,450 - - - - - -

4,504,700 4,499,712 4,988 213,600 208,150 5,450

(4,503,100) (4,493,725) 9,375 16,400 (16,008) (32,408)

- - - - - - - - - - - - - - - - - -

4,466,100 4,466,100 - - 1,271 1,271 - - - (8,500) (4,940) 3,560

4,466,100 4,466,100 - (8,500) (3,669) 4,831

(37,000) (27,625) 9,375 7,900 (19,677) (27,577)

37,000 679,000

- 686,900

(CONTINUED)

Stormwater ImprovementSeries 2002 (Non-GAAP)

Capital Improvement Revenue BondsAssessment Bonds (Non-GAAP)

103


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental 1,349,800 1,092,000 (257,800) 468,800 141,415 (327,385) Charges for services 12 310 298 230,000 506,793 276,793 Fines and forfeitures - - - - - - Interest income - - - - - - Impact fees - - - - - - Special assessments - - - - - - Miscellaneous 351,000 8,216 (342,784) - - -

Total revenues 1,700,812 1,100,526 (600,286) 698,800 648,208 (50,592)

Expenditures: Current: General government - - - - - - Public safety - - - - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service - - - - - - Capital outlay 41,608,669 28,113,244 13,495,425 4,052,188 1,023,585 3,028,603


Excess of revenues over (under) expenditures (39,907,857) (27,012,718) 12,895,139 (3,353,388) (375,377) 2,978,011

Other financing sources (uses): Bonds issued 15,523,212 15,523,212 - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in 13,879,522 13,040,122 (839,400) 250,200 292,684 42,484 Transfers out (3,072,000) (3,072,000) - (40,048) (34,671) 5,377

Total other financing sources (uses) 26,330,734 25,491,334 (839,400) 210,152 258,013 47,861

Net change in fund balances (13,577,123) (1,521,384) 12,055,739 (3,143,236) (117,364) 3,025,872




County-Wide Capital Improvement (Non-GAAP) Parks Improvements (Non-GAAP)




104


- - - - - - - - - - - -

176,200 142,591 (33,609) - - - - - - - - - - - - - - - - - - - - -

1,300,000 1,856,873 556,873 1,900,000 2,147,047 247,047 - - - - - - - - - - - -

1,476,200 1,999,464 523,264 1,900,000 2,147,047 247,047

- - - - - - - - - 128,361 80,786 47,575 - - - - - - - - - - - - - - - - - - - - - - - -

97,322 17,860 79,462 - - - - - - - - -

2,209,506 1,444,929 764,577 43,908,872 27,630,961 16,277,911

2,306,828 1,462,789 844,039 44,037,233 27,711,747 16,325,486

(830,628) 536,675 1,367,303 (42,137,233) (25,564,700) 16,572,533

- - - 38,500,000 38,500,000 - - - - - - - - - - - - - - - - - - -

(472,200) (472,200) - (665,100) (665,100) -

(472,200) (472,200) - 37,834,900 37,834,900 -

(1,302,828) 64,475 1,367,303 (4,302,333) 12,270,200 16,572,533

2,083,730 6,360,583

780,902 2,058,250

(CONTINUED)

County-Wide Library (Non-GAAP) Correctional Facilities Impact Fees (Non-GAAP)

105


Revenues: Taxes $ - - - - - - Licenses and permits - - - - - - Intergovernmental - 1,158,099 1,158,099 - 98,767 98,767 Charges for services - - - - 77 77 Fines and forfeitures - - - - - - Interest income - 613 613 800 22,801 22,001 Impact fees 700,000 960,510 260,510 - - - Special assessments - - - 150,200 142,719 (7,481) Miscellaneous - - - - - -

Total revenues 700,000 2,119,222 1,419,222 151,000 264,364 113,364

Expenditures: Current: General government - - - - - - Public safety 117,967 58,601 59,366 - - - Physical environment - - - - - - Transportation - - - - - - Economic environment - - - - - - Human services - - - - - - Culture and recreation - - - - - - Debt service - - - - - - Capital outlay 4,575,242 2,276,615 2,298,627 754,072 160,062 594,010

Total expenditures 4,693,209 2,335,216 2,357,993 754,072 160,062 594,010

Excess of revenues over (under) expenditures (3,993,209) (215,994) 3,777,215 (603,072) 104,302 707,374

Other financing sources (uses): Bonds issued - - - - - - Loans issued - - - - - - Payment to refunding bond escrow - - - - - - Transfers in - - - 403,000 404,382 1,382 Transfers out (13,700) (13,700) - (7,700) (2,575) 5,125

Total other financing sources (uses) (13,700) (13,700) - 395,300 401,807 6,507

Net change in fund balances (4,006,909) (229,694) 3,777,215 (207,772) 506,109 713,881


Fund balances at end of year $ 1,665,978 1,116,875



NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)BUDGET AND ACTUAL (BUDGETARY BASIS)


Emergency Medical Service (Non-GAAP) Water Management (Non-GAAP)

106


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

200 - (200) - - - 50,800 132,206 81,406 500,000 592,087 92,087 38,400 41,653 3,253 - - -

- - - - - -

89,400 173,859 84,459 500,000 592,087 92,087

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

4,562,805 689,937 3,872,868 24,831,455 241,423 24,590,032

4,562,805 689,937 3,872,868 24,831,455 241,423 24,590,032

(4,473,405) (516,078) 3,957,327 (24,331,455) 350,664 24,682,119

2,500,000 2,494,655 (5,345) 13,500,000 - (13,500,000) - - - 8,243,000 - (8,243,000) - - - - - -

1,327,800 1,328,153 353 3,072,000 3,072,000 - (181,200) (250,866) (69,666) - - -

3,646,600 3,571,942 (74,658) 24,815,000 3,072,000 (21,743,000)

(826,805) 3,055,864 3,882,669 483,545 3,422,664 2,939,119

957,379 -

130,574 483,545

(CONTINUED)

Government Facilities Impact Fees (Non-GAAP)Other Capital Projects (Non-GAAP)

107

Budget Actual Variance

Revenues: Taxes $ 55,166,000 55,792,530 626,530 Licenses and permits 16,099,100 17,882,054 1,782,954 Intergovernmental 30,274,479 17,592,913 (12,681,566) Charges for services 15,000,434 11,915,560 (3,084,874) Fines and forfeitures 488,499 863,172 374,673 Interest income 618,400 945,926 327,526 Impact fees 4,450,800 5,688,723 1,237,923 Special assessments 2,778,395 2,643,971 (134,424) Miscellaneous 1,028,035 1,997,949 969,914

Total revenues 125,904,142 115,322,798 (10,581,344)

Expenditures: Current: General government 22,858,860 16,451,271 6,407,589 Public safety 22,916,815 18,714,992 4,201,823 Physical environment 20,380,529 7,154,755 13,225,774 Transportation 39,519,141 31,307,943 8,211,198 Economic environment 16,227,061 5,826,481 10,400,580 Human services 1,935,440 1,420,014 515,426 Culture and recreation 19,332,278 15,801,653 3,530,625 Debt service 24,848,410 24,213,993 634,417 Capital outlay 157,218,311 88,845,983 68,372,328

Total expenditures 325,236,845 209,737,085 115,499,760

Excess of revenues over (under) expenditures (199,332,703) (94,414,287) 104,918,416

Other financing sources (uses): Bonds issued 103,573,312 94,523,518 (9,049,794) Loans issued 8,243,000 81,482 (8,161,518) Payment to refunding bond escrow (5,078,600) (5,078,528) 72 Transfers in 73,618,683 73,100,754 (517,929) Transfers out (23,646,350) (25,093,904) (1,447,554)

Total other financing sources (uses) 156,710,045 137,533,322 (19,176,723)

Net change in fund balances (42,622,658) 43,119,035 85,741,693

Fund balances at beginning of year 97,012,130

Fund balances at end of year $ 54,389,472


Total

COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESCOLLIER COUNTY, FLORIDA



108

Nonmajor Enterprise Funds

SOLID WASTE DISPOSAL -TO ACCOUNT FOR THE PROVISION OF SOLID WASTE DISPOSAL SERVICES TO USERS THROUGHOUT THE COUNTY. EMERGENCY MEDICAL SERVICES – TO ACCOUNT FOR THE PROVISION OF EMERGENCY AMBULANCE AND PARAMEDICAL SERVICES TO USERS THROGHOUT THE COUNTY. GOODLAND WATER - TO ACCOUNT FOR THE PROVISION OF POTABLE WATER SERVICES TO THE RESIDENTS OF GOODLAND. AIRPORT AUTHORITY - TO ACCOUNT FOR THE PROVISION OF LANDING FACILITIES AND THE SALE OF FUEL AT THE AIRPORTS.

EmergencySolid Waste Medical Goodland Airport Total Nonmajor

Disposal Services Water Authority Proprietary FundsASSETS

Current assets:

Cash and investments $ 24,543,427 127,090 718,932 497,433 25,886,882 Receivables: Trade, net 1,373,233 1,527,144 121,443 19,519 3,041,339 Special assessments - - 51 - 51 Interest 34,576 951 4,104 - 39,631 Unbilled revenue - - 9,955 - 9,955 Due from other funds 38,205 2,238 - 3,501 43,944 Due from other governments 31,474 - - - 31,474 Inventory - 118,178 - 62,026 180,204 Restricted assets: Cash and investments - 121,008 - 65,766 186,774

Total current assets 26,020,915 1,896,609 854,485 648,245 29,420,254

Noncurrent assets:

Receivables: Due from other governments - - - 315,597 315,597 Deferred charges 210 - - - 210 Capital assets: Land and nondepreciable capital assets 2,026,996 - 68,787 4,443,455 6,539,238 Depreciable capital assets, net 3,823,099 3,509,368 290,209 8,467,436 16,090,112

Total noncurrent assets 5,850,305 3,509,368 358,996 13,226,488 22,945,157

Total assets $ 31,871,220 5,405,977 1,213,481 13,874,733 52,365,411

See accompanying independent auditors’ report .

COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF NET ASSETS

NONMAJOR ENTERPRISE FUNDSSEPTEMBER 30, 2004

110

EmergencySolid Waste Medical Goodland Airport Total Nonmajor

Disposal Services Water Authority Proprietary FundsLIABILITIES


Accounts payable $ 1,581,181 134,213 1,255 52,081 1,768,730 Wages payable 37,379 377,472 - 22,567 437,418 Retainage payable 21,288 - - - 21,288 Due to other funds 2,072 100 - - 2,172 Due to other governments - 425 - 2,980 3,405 Due to individuals - 31,633 - - 31,633 Compensated absences 13,606 81,336 - 3,560 98,502 Capital leases payable - 47,829 - - 47,829 Refundable deposits 125,501 - - 17,645 143,146 Unearned revenue - - - 127,784 127,784 Liabilities payable from restricted assets: Accounts payable - - - 35,027 35,027 Retainage payable - - - 30,739 30,739 Unearned revenue - 121,008 - - 121,008

Total current liabilities 1,781,027 794,016 1,255 292,383 2,868,681


Compensated absences 77,099 460,902 - 20,170 558,171 Capital leases payable - 24,708 - - 24,708 Landfill post closure liability 4,374,790 - - - 4,374,790

Total noncurrent liabilities 4,451,889 485,610 - 20,170 4,957,669

Total liabilities 6,232,916 1,279,626 1,255 312,553 7,826,350

NET ASSETS

Invested in capital assets, net of related debt 5,850,305 3,436,831 358,996 12,910,891 22,557,023 Unrestricted 19,787,999 689,520 853,230 651,289 21,982,038

Total net assets $ 25,638,304 4,126,351 1,212,226 13,562,180 44,539,061

See accompanying independent auditors’ report .

COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF NET ASSETS (CONTINUED)

NONMAJOR ENTERPRISE FUNDSSEPTEMBER 30, 2004

111

EmergencySolid Waste Medical Goodland Airport

Disposal Services Water Authority TotalOperating revenues: Charges for services $ 21,937,665 10,903,616 425,816 1,878,171 35,145,268 Miscellaneous 107,589 34,184 342 6,233 148,348

Total operating revenues 22,045,254 10,937,800 426,158 1,884,404 35,293,616

Operating expenses: Personal services 1,435,109 12,935,908 - 870,927 15,241,944 Operating 21,223,353 5,875,618 327,453 1,542,946 28,969,370 Depreciation and amortization 434,353 696,093 30,857 871,855 2,033,158

Total operating expenses 23,092,815 19,507,619 358,310 3,285,728 46,244,472

Operating income (loss) (1,047,561) (8,569,819) 67,848 (1,401,324) (10,950,856)

Non-operating revenues (expenses): Operating grants and contributions 31,091 - - - 31,091 Interest income 228,159 2,402 22,364 54 252,979 Net decrease in fair value of investments (362,539) (3,636) (10,636) (8,279) (385,090) Interest expense (3) (4,532) - (116,947) (121,482) Gain (loss) on disposal of capital assets 23,595 12,095 - (184,432) (148,742)

Total non-operating revenues (expenses) (79,697) 6,329 11,728 (309,604) (371,244)

Income (loss) before transfers (1,127,258) (8,563,490) 79,576 (1,710,928) (11,322,100)

Capital grants and contributions 3,136 2,201,838 173,200 120,899 2,499,073 Transfers in 38,205 8,121,900 - 829,713 8,989,818 Transfers out (450,074) (6,000) - (78,631) (534,705)

Total transfers and contributions (408,733) 10,317,738 173,200 871,981 10,954,186

Change in net assets (1,535,991) 1,754,248 252,776 (838,947) (367,914)

Net assets - beginning 27,174,295 2,372,103 959,450 14,401,127 44,906,975

Net assets - ending $ 25,638,304 4,126,351 1,212,226 13,562,180 44,539,061


COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

NONMAJOR ENTERPRISE FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

112

COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF CASH FLOWS



Disposal Services Water Authority Total

Cash flows from operating activities:Cash received for services $ 21,835,064 6,576,930 333,868 1,885,630 30,631,492 Cash received on behalf of other governments - 415 - - 415 Cash received from customer deposits 1,204,871 - - 5,000 1,209,871 Cash payments for goods and services (19,646,638) (2,152,812) (330,788) (1,566,547) (23,696,785) Cash payments to employees (1,423,580) (12,772,033) - (873,733) (15,069,346) Cash payments on customer deposits (1,315,046) - - - (1,315,046)

Net cash provided by (used for) operating activities 654,671 (8,347,500) 3,080 (549,650) (8,239,399)

Cash flows from non-capital financing activities:Cash received from operating grants 35,510 - - - 35,510 Cash transfers from other funds 34,872 8,121,900 - 712,772 8,869,544 Cash transfers to other funds (450,074) (6,000) - (78,631) (534,705)

Net cash provided by (used for) non- capital financing activities (379,692) 8,115,900 - 634,141 8,370,349


Special assessment collections - - 6,859 - 6,859 Special assessment interest - - 1,674 - 1,674 Proceeds from disposal of capital assets 26,042 27,918 - 3,931 57,891 Proceeds from capital grants - 168,675 173,200 671,115 1,012,990 Payments for capital acquisitions (744,029) (226,586) (68,787) (448,523) (1,487,925) Principal payments on leases (3,012) (75,739) - (966) (79,717) Interest and fiscal agent fees paid (3) (4,532) - (6) (4,541)

Net cash provided by (used for) capital and related financing activities (721,002) (110,264) 112,946 225,551 (492,769)

Cash flows from investing activities:Interest on investments 231,698 2,570 21,975 54 256,297 Change in fair value of investments (362,539) (3,636) (10,636) (8,279) (385,090)

Net cash provided by (used for) investing activities (130,841) (1,066) 11,339 (8,225) (128,793)

Net increase (decrease) in cash and investments (576,864) (342,930) 127,365 301,817 (490,612)

Cash and investments, October 1, 2003 25,120,291 591,028 591,567 261,382 26,564,268

Cash and investments, September 30, 2004 $ 24,543,427 248,098 718,932 563,199 26,073,656

See accompanying independent auditors’ report . (CONTINUED)

113

COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF CASH FLOWS (CONTINUED)


RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES


Disposal Services Water Authority Total

Operating income (loss) $ (1,047,561) (8,569,819) 67,848 (1,401,324) (10,950,856)

Adjustments to reconcile operating income (loss) tonet cash provided by (used for) operating activities:Depreciation expense 434,141 696,093 30,857 871,854 2,032,945 Amortization of capital improvement projects 212 - - - 212 (Increase) decrease in accounts receivable (210,190) (714,734) (92,290) 7,381 (1,009,833) (Increase) in due from other funds - (2,238) - (3,501) (5,739) Decrease in inventory - 3,699 - 917 4,616 Increase (decrease) in accounts payable 127,705 88,720 (3,335) (23,833) 189,257 Increase in wages payable 8,558 117,522 - 3,125 129,205 Increase (decrease) in due to other funds 1,679 (45,144) - 56 (43,409) Increase in due to other governments - 415 - 2,839 3,254 Increase in due to individuals - 31,633 - - 31,633 Increase (decrease) in compensated absences 2,971 46,353 - (5,931) 43,393 Increase (decrease) in customer deposits (110,175) - - 5,000 (105,175) (Decrease) in unearned revenue - - - (6,233) (6,233) Increase in landfill post closure liability 1,447,331 - - - 1,447,331

Total adjustments 1,702,232 222,319 (64,768) 851,674 2,711,457

Net cash provided by (used for) operating activities $ 654,671 (8,347,500) 3,080 (549,650) (8,239,399)


The nonmajor enterprise funds experienced a non-cash investing loss due to a change in the fair value of non-cash and cash equivalents as follows:

Solid Waste Disposal $ 362,539 Emergency Medical Services 3,636

Goodland Water Goodland Water 10,636 Airport Authority 8,279 Total $ 385,090

There were non-cash contributions of $3,136 from other funds in the Solid Waste Disposal Fund.

There were non-cash contributions of $2,075,294 from other funds in the Emergency Medical Services Fund.

There were non-cash contributions of $36,171 from other funds in the Airport Authority Fund.

114

Internal Service Funds SELF-INSURANCE - TO ACCOUNT FOR THE SELF-INSURANCE COSTS OF PROVIDING COVERAGE FOR PROPERTY, GENERAL AND VEHICLE LIABILITY; TO ACCOUNT FOR THE PROVISIONS OF HEALTH BENEFITS TO COUNTY EMPLOYEES AND THEIR DEPENDENTS; TO ACCOUNT FOR PAYMENT OF WORKERS’ COMPENSATION CLAIMS, IN LIEU OF INSURANCE. SHERIFF'S SELF-INSURANCE - TO ACCOUNT FOR THE PROVISIONS OF HEALTH BENEFITS TO SHERIFF EMPLOYEES AND THEIR DEPENDENTS; TO ACCOUNT FOR PAYMENT OF WORKERS’ COMPENSATION CLAIMS, IN LIEU OF INSURANCE. FLEET MANAGEMENT - TO ACCOUNT FOR FUEL, OIL, LUBRICANTS, REPAIRS AND MAINTENANCE OF COUNTY VEHICLES AND THE USE OF CERTAIN COUNTY OWNED VEHICLES BY COUNTY EMPLOYEES.

Sheriff'sSelf- Self- Fleet

Insurance Insurance Management TotalASSETS

Current assets: Cash and investments $ 16,108,393 3,766,053 709,954 20,584,400 Trade, net 78,041 22,352 196,277 296,670 Due from other funds - 530,000 8,821 538,821 Due from other governments - - 24,003 24,003 Deposits 220,357 - - 220,357 Inventory 2,434 - 227,652 230,086

Total current assets 16,409,225 4,318,405 1,166,707 21,894,337

Noncurrent assets: Capital assets, net of depreciation 56,535 - 571,997 628,532

Total noncurrent assets 56,535 - 571,997 628,532

Total assets 16,465,760 4,318,405 1,738,704 22,522,869

LIABILITIES

Current liabilities: Accounts payable 25,425 92,429 277,407 395,261 Wages payable 23,974 - 38,669 62,643 Due to other funds 290,513 - - 290,513 Self-insurance claims payable 3,157,659 1,079,000 - 4,236,659 Compensated absences 5,723 - 10,954 16,677

Total current liabilities 3,503,294 1,171,429 327,030 5,001,753

Noncurrent liabilities: Self-insurance claims payable 4,390,341 2,296,000 - 6,686,341 Compensated absences 32,427 - 62,075 94,502

Total noncurrent liabilities 4,422,768 2,296,000 62,075 6,780,843 Total liabilities 7,926,062 3,467,429 389,105 11,782,596

NET ASSETS

Invested in capital assets, net of related debt 56,535 - 571,997 628,532 Unrestricted 8,483,163 850,976 777,602 10,111,741

Total net assets $ 8,539,698 850,976 1,349,599 10,740,273


COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF NET ASSETS

INTERNAL SERVICE FUNDSSEPTEMBER 30, 2004

116


Insurance Insurance Management TotalOperating revenues: Charges for services $ 36,500,439 8,710,576 4,555,135 49,766,150 Miscellaneous 428,904 - - 428,904

Total operating revenues 36,929,343 8,710,576 4,555,135 50,195,054

Operating expenses: Personal services 827,131 - 1,342,243 2,169,374 Operating 29,677,768 9,818,194 3,083,827 42,579,789 Depreciation and amortization 21,901 - 164,462 186,363

Total operating expenses 30,526,800 9,818,194 4,590,532 44,935,526

Operating income (loss) 6,402,543 (1,107,618) (35,397) 5,259,528

Non-operating revenues (expenses): Interest income 553 69,494 55 70,102 Net decrease in fair value of investments (261,649) - (10,467) (272,116) Interest expense (16) - (7) (23) Loss on disposal of capital assets (456) - (4,305,006) (4,305,462)

Total non-operating revenues (expenses) (261,568) 69,494 (4,315,425) (4,507,499)

Income (loss) before contributions and transfers 6,140,975 (1,038,124) (4,350,822) 752,029

Capital grants and contributions - - 458,910 458,910

Change in net assets 6,140,975 (1,038,124) (3,891,912) 1,210,939

Net assets - beginning 2,398,723 1,889,100 5,241,511 9,529,334

Net assets - ending $ 8,539,698 850,976 1,349,599 10,740,273


COLLIER COUNTY, FLORIDASTATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS

INTERNAL SERVICE FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

117


Insurance Insurance Management TotalCash flows from operating activities:

Cash received for services $ 428,904 - 381,217 810,121 Cash received from other funds for services 36,535,509 10,080,000 4,303,089 50,918,598 Cash received from retirees for services 362,299 280,576 - 642,875 Cash payments on behalf of retirees (492,026) - - (492,026) Cash payments for goods and services (29,220,983) (9,130,001) (3,572,829) (41,923,813) Cash payments to employees (827,592) - (1,330,834) (2,158,426)

Net cash provided by (used for) operating activities 6,786,111 1,230,575 (219,357) 7,797,329


Payments for capital acquisitions (6,259) - (990,215) (996,474) Principal payments on capital leases (6,264) - (966) (7,230) Interest and fiscal agent fees paid (16) - (7) (23)

Net cash (used for) capital and related financing activities (12,539) - (991,188) (1,003,727)

Cash flows from investing activities:Interest on investments 553 69,494 55 70,102 Change in fair value of investments (261,649) - (10,467) (272,116)

Net cash provided by investing activities (261,096) 69,494 (10,412) (202,014)

Net increase (decrease) in cash and investments 6,512,476 1,300,069 (1,220,957) 6,591,588

Cash and investments, October 1, 2003 9,595,917 2,465,984 1,930,911 13,992,812

Cash and investments, September 30, 2004 $ 16,108,393 3,766,053 709,954 20,584,400

See accompanying independent auditors’ report. (CONTINUED)


ALL INTERNAL SERVICE FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

118


Insurance Insurance Management Total

Operating income (loss) $ 6,402,543 (1,107,618) (35,397) 5,259,528

Adjustments to reconcile operating loss to net cash provided by (used for) operating activities:

Depreciation expense 21,901 - 164,462 186,363 Decrease (increase) in accounts receivable 145,223 (11,796) 13,854 147,281 Decrease (increase) in due from other funds - 1,650,000 115,317 1,765,317 (Increase) in advances and deposits (125,728) - - (125,728) Decrease (increase) in inventory (2,434) - (52,104) (54,538) Increase (decrease) in accounts payable 13,709 19,989 50,334 84,032 Increase in wages payable 5,310 - 10,378 15,688 Increase (decrease) in due to other funds 180,358 - (487,232) (306,874) Increase (decrease) in compensated absences (5,771) - 1,031 (4,740) Increase in self-insurance claims payable 151,000 680,000 - 831,000

Total adjustments 383,568 2,338,193 (183,960) 2,537,801

Net cash provided by (used for) operating activities $ 6,786,111 1,230,575 (219,357) 7,797,329


The combined internal service funds experienced a non-cash investing loss due to a change in the fair value of non-cash and cash equivalents of $272,116.

There were non-cash contributions of $458,910 in the Fleet Management fund, as assets with a historical cost of $734,180 and accumulated depreciation of $275,270 were transferred in from other funds.

RECONCILIATION OF OPERATING INCOME (LOSS) TONET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES


ALL INTERNAL SERVICE FUNDS (CONTINUED)FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

119


Fiduciary Funds CLERK OF COURTS – TO ACCOUNT FOR MONIES HELD IN TRUST BY THE CLERK OF THE CIRCUIT COURT PRIOR TO DISBURSEMENT. SHERIFF – TO ACCOUNT FOR MONIES HELD IN A CUSTODIAL CAPACITY BY THE SHERIFF. TAX COLLECTOR – TO ACCOUNT FOR ASSETS HELD BY THE TAX COLLECTOR PRIOR TO LEGAL DISBURSEMENT. DEPOSITS – TO ACCOUNT FOR MONIES HELD BY THE COUNTY FOR BUSINESSES AND INDIVIDUALS. PINE RIDGE AND NAPLES PRODUCTION PARK – TO ACCOUNT FOR THE RECEIPT OF SPECIAL ASSESSMENTS AND THE PAYMENT OF PRINCIPAL AND INTEREST ON BEHALF OF ASSESSMENT HOLDERS.


Clerk Pine Ridgeof Tax and Naples

ASSETS Courts Sheriff Collector Deposits Production Park Total

Cash and investments $ 21,660,054 342,031 3,777,140 2,493,198 9,010,329 37,282,752 Receivables: Interest - - - - 48,953 48,953 Other - - 5,279 200 19,386 24,865 Due from other governments - - - 421,438 11,939 433,377

Total assets $ 21,660,054 342,031 3,782,419 2,914,836 9,090,607 37,789,947

LIABILITIES

Liabilities: Due to other governments $ 5,478,665 61,341 3,369,675 - - 8,909,681 Due to individuals - 280,690 412,744 - - 693,434 Refundable deposits 16,181,389 - - 2,914,836 - 19,096,225 Due to special assessment bondholders - - - - 9,090,607 9,090,607

Total liabilities $ 21,660,054 342,031 3,782,419 2,914,836 9,090,607 37,789,947

See accompanying independent auditors’ report for combining schedules.

COMBINING BALANCE SHEETALL AGENCY FUNDSSEPTEMBER 30, 2004


123

Balance BalanceOctober 1, 2003 Additions Deletions September 30, 2004

Clerk of Courts

Assets:Cash and investments $ 20,760,005 239,604,694 238,704,645 21,660,054

Total assets $ 20,760,005 239,604,694 238,704,645 21,660,054

Liabilities:Due to other governments $ 3,404,484 150,779,070 148,704,889 5,478,665 Refundable deposits 17,355,521 88,825,624 89,999,756 16,181,389

Total liabilities $ 20,760,005 239,604,694 238,704,645 21,660,054

Sheriff

Assets:Cash and investments $ 276,769 5,049,269 4,984,007 342,031

Total assets $ 276,769 5,049,269 4,984,007 342,031

Liabilities:Due to other governments $ 38,732 269,742 247,133 61,341 Due to individuals 238,037 4,779,527 4,736,874 280,690

Total liabilities $ 276,769 5,049,269 4,984,007 342,031

Tax Collector

Assets:Cash and investments $ 3,746,959 681,305,561 681,275,380 3,777,140 Receivable: Other 10,671 - 5,392 5,279

Total assets $ 3,757,630 681,305,561 681,280,772 3,782,419

Liabilities:Due to other governments $ 3,059,452 671,241,155 670,930,932 3,369,675 Due to individuals 698,178 18,607,917 18,893,351 412,744


See accompanying independent auditors’ report for combining schedules. (CONTINUED)

COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES

ALL AGENCY FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

124

Balance BalanceOctober 1, 2003 Additions Deletions September 30, 2004

Deposits

Assets:Cash and investments $ 2,458,989 1,469,515 1,435,306 2,493,198 Receivable: Other 200 - - 200 Due from other governments 560 421,438 560 421,438

Total assets $ 2,459,749 1,890,953 1,435,866 2,914,836

Liabilities:Refundable deposits $ 2,459,749 1,890,953 1,435,866 2,914,836


Pine Ridge and Naples Production Park

Assets:Cash and investments $ 8,772,003 1,591,889 1,353,563 9,010,329 Receivables: Interest 57,557 416,348 424,952 48,953 Other 18,798 2,194,841 2,194,253 19,386 Due from other governments 12,158 11,939 12,158 11,939

Total assets $ 8,860,516 4,215,017 3,984,926 9,090,607

Liabilities:Due to special assessment bondholders $ 8,860,516 4,215,017 3,984,926 9,090,607


Total - All Agency Funds

Assets:Cash and investments $ 36,014,725 929,020,928 927,752,901 37,282,752 Receivables: Interest 57,557 416,348 424,952 48,953 Other 29,669 2,194,841 2,199,645 24,865 Due from other governments 12,718 433,377 12,718 433,377

Total assets $ 36,114,669 932,065,494 930,390,216 37,789,947

Liabilities:Due to other governments $ 6,502,668 822,289,967 819,882,954 8,909,681 Due to individuals 936,215 23,387,444 23,630,225 693,434 Refundable deposits 19,815,270 90,716,577 91,435,622 19,096,225 Due to special assessment bondholders 8,860,516 4,215,017 3,984,926 9,090,607


COLLIER COUNTY, FLORIDACOMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES

ALL AGENCY FUNDSFOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2004

125


Component Units COLLIER COUNTY HOUSING FINANCE AUTHORITY – THE AUTHORITY WAS ESTABLISHED FOR THE PURPOSE OF ASSISTING HEALTH FACILITIES IN THE ACQUISITION, CONSTRUCTION AND FINANCING OF PROJECTS WITHIN THE COUNTY. COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY – THE AUTHORITY WAS ESTABLISHED FOR THE PURPOSE OF STIMULATING THE CONSTRUCTION OF RESIDENTIAL HOUSIING FOR LOW AND MODERATE INCOME FAMILIES THROUGH THE USE OF PUBLIC FINANCING. COLLIER COUNTY EDUCATIONAL FACILITIES AUTHORITY – THE AUTHORITY WAS ESTABLISHED FOR THE PURPOSE OF ASSISTING INSTITUTIONS OF HIGHER EDUCATION IN THE CONSTRUCTION, FINANCING AND REFINANCING OF PROJECTS.

Collier County Collier County Collier CountyHousing Industrial EducationalFinance Development Facilities

Authority Authority Authority Totals

ASSETS AND OTHER DEBITS

Assets:

Cash and investments $ 142,232 2,500 1,000 145,732

TOTAL ASSETS AND OTHER DEBITS $ 142,232 2,500 1,000 145,732

LIABILITIES, EQUITY AND OTHER CREDITS

Equity and other credits:

Fund balances: Unreserved: Undesignated $ 142,232 2,500 1,000 145,732

TOTAL LIABILITIES, EQUITY AND OTHER CREDITS $ 142,232 2,500 1,000 145,732


COLLIER COUNTY, FLORIDACOMPONENT UNITS

COMBINING BALANCE SHEETSEPTEMBER 30, 2004

128

Collier County Collier County Collier CountyHousing Industrial EducationalFinance Development Facilities

Authority Authority Authority Totals

Revenues:

Charges for services $ 10,205 58,647 17,675 86,527 Interest income 501 - - 501 Miscellaneous 310 - - 310

Total revenues 11,016 58,647 17,675 87,338

Expenditures:

Current: Economic environment - 58,653 17,675 76,328

Total expenditures - 58,653 17,675 76,328

Excess of revenues over expenditures 11,016 (6) - 11,010

Fund balances at beginning of year 131,216 2,506 1,000 134,722

Fund balances at end of year $ 142,232 2,500 1,000 145,732



COLLIER COUNTY, FLORIDACOMPONENT UNITS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

129


Statistical Section (Unaudited)

STATISTICAL SCHEDULES DIFFER FROM FINANCIAL STATEMENTS BECAUSE THEY USUALLY COVER MORE THAN ONE FISCAL YEAR AND MAY PRESENT NON-ACCOUNTING DATA. THESE SCHEDULES REFLECT SOCIAL AND ECONOMIC DATA, AND FINANCIAL TRENDS OF COLLIER COUNTY, FLORIDA.

COLLIER COUNTY, FLORIDAGENERAL GOVERNMENTAL REVENUES BY SOURCE (1)

LAST TEN FISCAL YEARS(Unaudited)

Fiscal Licenses and Inter- Charges for Fines andYear Taxes Permits governmental Services Forfeitures Other Totals

1995 $ 84,081,182 5,953,988 25,803,749 10,515,405 3,029,529 8,764,572 138,148,425 % 60.9 4.3 18.7 7.6 2.2 6.3

1996 81,242,733 6,195,006 27,729,698 11,835,016 2,599,487 8,531,631 138,133,571 % 58.8 4.5 20.1 8.6 1.8 6.2

1997 91,122,244 7,412,054 32,781,746 11,996,430 3,436,721 11,882,261 158,631,456 % 57.4 4.7 20.7 7.5 2.2 7.5

1998 96,526,309 8,478,129 34,074,733 13,222,009 3,987,134 12,472,341 168,760,655 % 57.2 5.1 20.2 7.9 2.4 7.2

1999 100,786,748 9,597,795 40,462,312 15,585,360 4,184,515 11,344,973 181,961,703 % 55.4 5.3 22.2 8.6 2.3 6.2

2000 113,784,336 10,645,942 41,652,298 17,453,401 4,574,911 12,812,241 200,923,129 % 56.6 5.3 20.7 8.7 2.3 6.4

2001 130,301,948 11,196,197 44,190,531 19,671,484 5,943,657 16,815,613 228,119,430 % 57.1 4.9 19.4 8.6 2.6 7.4

2002 163,895,414 12,961,945 50,473,635 21,661,361 6,112,135 21,145,437 276,249,927 % 59.3 4.7 18.3 7.8 2.2 7.7

2003 188,059,731 13,376,846 51,795,551 27,095,637 6,854,386 20,723,008 307,905,159 % 61.1 4.3 16.8 8.8 2.2 6.8

2004 228,025,088 18,070,729 60,791,524 30,549,307 6,848,396 21,168,269 365,453,313 % 62.4 4.9 16.3 8.4 1.9 6.1

(1) Includes General, Special Revenue and Debt Service Funds. Operating transfers in have been excluded from all years.

Source: Collier County Comprehensive Annual Financial Report.

132

COLLIER COUNTY, FLORIDAGENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)


Fiscal General Public Physical Economic Human Culture and DebtYear Government Safety Environment Transportation Environment Services Recreation Service Totals

1995 $ 28,696,575 49,748,170 6,859,981 7,827,462 973,404 5,311,490 9,340,755 7,644,760 116,402,597 % 24.6 42.8 5.9 6.8 0.8 4.6 8.0 6.5

1996 29,176,061 53,574,998 18,063,485 9,352,063 1,672,577 5,549,492 12,243,918 13,646,380 143,278,974 % 20.4 37.5 12.6 6.5 1.2 3.9 8.6 9.5

1997 29,027,587 61,972,518 8,770,943 11,295,736 1,488,424 5,383,713 14,448,397 10,007,288 142,394,606 % 20.5 43.5 6.2 7.9 1.0 3.8 10.1 7.0

1998 32,655,958 65,379,929 8,574,843 11,306,889 1,651,652 4,953,181 13,526,082 12,413,354 150,461,888 % 21.7 43.5 5.7 7.6 1.1 3.3 9.0 8.1

1999 35,646,320 74,248,408 7,336,258 11,247,297 3,206,496 5,385,002 14,310,985 10,959,488 162,340,254 % 22.0 45.7 4.5 6.9 2.0 3.3 8.8 6.8

2000 40,136,276 77,788,938 10,091,443 12,714,939 2,555,165 6,107,950 16,760,442 14,299,363 180,454,516 % 22.3 43.1 5.6 7.0 1.4 3.4 9.3 7.9

2001 47,736,548 90,195,502 12,315,847 17,664,149 2,833,160 7,002,942 18,841,785 12,888,290 209,478,223 % 22.8 43.0 5.9 8.4 1.4 3.3 9.0 6.2

2002 63,933,586 104,233,481 12,056,345 20,294,584 6,631,850 8,343,487 22,542,728 34,092,249 272,128,310 % 23.5 38.3 4.4 7.5 2.4 3.1 8.3 12.5

2003 74,265,965 116,572,487 9,527,725 28,116,474 6,945,379 9,721,001 22,449,216 15,497,254 283,095,501 % 26.2 41.2 3.4 9.9 2.5 3.4 7.9 5.5

2004 82,809,190 126,535,933 32,703,253 31,307,943 6,468,059 9,549,599 24,249,636 24,293,199 337,916,812 % 24.5 37.4 9.7 9.3 1.9 2.8 7.2 7.2

(1) Includes General, Special Revenue and Debt Service Funds. Operating transfers out have been excluded for all years.


133

COLLIER COUNTY, FLORIDAPROPERTY TAX LEVIES AND COLLECTIONS

(IN THOUSANDS OF DOLLARS)LAST TEN FISCAL YEARS

(Unaudited)

County Taxes Collected Percent of TotalFiscal Commissioners Tax Discounts Plus Taxes Collected Plus Levy CostYear Population Tax Levy Collections Allowed Discounts Discounts to Tax Levy Per Person

1995 186,641 $ 71,087 $ 64,772 $ 2,284 $ 67,056 94.33% $ 374.96

1996 197,400 78,816 71,876 2,525 74,401 94.40% 380.88

1997 202,903 88,547 80,873 2,871 83,744 94.58% 399.27

1998 210,095 94,353 86,060 3,083 89,143 94.48% 436.40

1999 219,685 97,419 88,636 3,191 91,827 94.26% 449.10

2000 229,821 108,490 98,830 3,597 102,427 94.41% 443.45

2001 251,377 122,929 111,976 4,086 116,062 94.41% 472.06

2002 264,475 157,744 144,504 5,278 149,782 94.95% 489.02

2003 284,918 185,633 169,794 6,229 176,023 94.82% 651.53

2004 292,466 225,773 207,382 7,648 215,030 95.24% 771.96

Ad valorem taxes levied apply only to governmental funds under the control of County Commissioners.

Property taxes receivable and a corresponding reserve for uncollectible property taxes are not included in the financial statements as there are no delinquent taxes as of September 30, 2004.

Sources: Tax Collector Annual Report and Florida Department Research & Economic Database.

Property tax levies, based on assessed values as of January 1, become due and payable on November 1 of each year. A 4% discount is allowed if thetaxes are paid in November, with the discount declining by 1% each month thereafter. Accordingly, taxes collected will be 100% of the Tax Levy.Taxes become delinquent on April 1 of each year and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later thanJune 1 of each year.

134

COLLIER COUNTY, FLORIDAASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

(IN THOUSANDS OF DOLLARS)LAST TEN FISCAL YEARS

(Unaudited)

EXEMPTIONSRatio of Total

Widow Taxable Assessed toFiscal Assessed Governmental Disability Assessed Total EstimatedYear Value * and Institutional Homestead and Other Valuation Actual Value

1995 $ 18,617,175 1,523,849 1,093,553 17,579 15,982,194 100%

1996 19,684,394 1,588,934 1,146,728 18,071 16,930,661 100%

1997 20,953,662 1,634,173 1,217,637 18,720 18,083,132 100%

1998 22,552,225 1,720,842 1,280,311 21,996 19,529,076 100%

1999 24,594,905 1,885,947 1,341,129 25,235 21,342,594 100%

2000 27,947,279 2,081,540 1,413,081 30,457 24,422,201 100%

2001 31,584,941 2,296,674 1,510,735 35,511 27,742,021 100%

2002 37,740,846 2,722,756 1,578,896 44,191 33,395,002 100%

2003 44,405,703 3,182,241 1,674,703 58,335 39,490,423 100%

2004 51,515,175 3,692,424 1,763,094 73,929 45,985,728 100%

Property is assessed as of January 1, and taxes based on these assessments are levied and become due on the following November 1.Therefore, assessments and levies applicable to a certain tax year are collected in the fiscal year ending during the next succeeding calendar year.

*The basis of assessed value required by the state is 100% of actual value.

Source: Property Appraiser Recapitulation Report.

135

COLLIER COUNTY, FLORIDAPROPERTY TAX RATES - ALL DIRECT AND OVERLAPPING GOVERNMENTS


COLLIER COUNTY OTHER

Special Debt Capital CountyFiscal General Revenue Service Projects School IndependentYear Fund Funds Funds Funds Total District Districts Total

1995 3.6028 .6834 .1062 0.0000 4.3924 8.3227 1.5028 14.2179

1996 3.4918 .7091 .0989 0.0000 4.2998 8.6000 1.5353 14.4351

1997 3.7266 .7567 .0490 0.0000 4.5323 8.6918 1.5420 14.7661

1998 3.6838 .7604 .0452 0.0000 4.4894 8.4298 1.5941 14.5133

1999 3.5540 .6689 .0420 0.0000 4.2649 8.5173 1.4801 14.2623

2000 3.5086 .6419 .0355 0.0000 4.1860 7.7661 1.4654 13.4175

2001 3.5050 .6624 .0318 0.0000 4.1992 7.7334 1.4607 13.3933

2002 3.8797 .6238 0.0257 0.0000 4.5292 7.1464 1.3813 13.0569

2003 3.8797 .6182 0.0216 0.0000 4.5195 6.9192 1.3554 12.7941

2004 3.8795 0.8885 0.0000 0.0000 4.7680 6.5310 1.3562 12.6552

Basis for property tax rates is 1 mill per $1,000 of assessed value. Property is assessed as of January 1 and taxes based on those assessments are levied according to the tax rate in effect that tax year and become due on November 1. Therefore, assessments and tax levies applicable to a certain tax year are collected in the fiscal year ending during the following calendar year.

Beginning fiscal year 1994, the millage rates for capital projects are included in the General Fund millage rate.

Sources: Collier County annual adopted budget and the Property Appraiser Recapitulation Report.

136

COLLIER COUNTY, FLORIDASPECIAL ASSESSMENT BILLINGS AND COLLECTIONS


Current Current Ratio of TotalFiscal Assessments Assessments Collections OutstandingYear Due Collected to Amount Due Assessments

1995 $ 1,953,081 2,307,329 118% 17,128,145

1996 2,106,154 2,956,584 140% 15,471,790

1997 1,864,401 3,964,276 212% 15,474,223

1998 1,676,357 2,767,775 165% 13,599,305

1999 1,507,448 2,549,513 169% 11,820,791

2000 1,370,036 2,307,460 168% 10,115,228

2001 1,251,057 2,015,425 161% 8,678,586

2002 1,107,427 1,784,057 161% 7,307,245

2003 921,591 1,080,177 117% 6,453,277

2004 751,697 1,030,311 137% 5,449,539

Excludes Pine Ridge and Naples Production Park assessments for which the County acts as agent for thebondholders.

Source: Collier County Assessment Recapitulation Report.

137


COMPUTATION OF LEGAL DEBT MARGINSeptember 30, 2004

(Unaudited)

The Constitution of the State of Florida, Florida Statute 200.181 and Collier County set no legal debt limit.

COMPUTATION OF DIRECT AND OVERLAPPING DEBTSeptember 30, 2004

(Unaudited)

Percent AmountNet Debt Applicable to Applicable to

Governmental Entity Outstanding (1) Collier County (2) Collier County

Direct: Collier County General Obligation Bonds $ - N/A -

(1) Excludes amounts available in Debt Service Funds for payment of interest and principal.

(2) Applicable percentage is determined by the ratio of assessed valuation of property subject to taxation in the overlapping unit to the valuation of property subject to taxation in the reporting entity.


138

COLLIER COUNTY, FLORIDARATIO OF NET GENERAL BONDED DEBT

TO ASSESSED VALUES AND NET BONDED DEBT PER CAPITALAST TEN FISCAL YEARS

(Unaudited)

Debt Service Ratio of Net Net BondedFiscal Taxable Valuation Gross Bonded Monies Net Bonded Bonded Debt to Debt PerYear Population (In Millions) Debt Available Debt Assessed Value Capita

1995 186,641 $ 15,982 8,115,000 105,423 8,009,577 0.05% 42.91

1996 197,400 16,931 7,240,000 100,720 7,139,280 0.04% 36.17

1997 202,903 18,083 6,100,000 88,980 6,011,020 0.03% 29.63

1998 210,095 19,529 3,680,000 53,462 3,626,538 0.03% 17.26

1999 219,685 21,343 3,000,000 53,373 2,946,627 0.02% 13.41

2000 229,821 24,422 2,295,000 43,576 2,251,424 0.01% 9.80

2001 251,377 27,742 1,560,000 80,638 1,479,362 0.01% 5.89

2002 264,475 33,395 795,000 76,461 718,539 0.002% 2.72

2003 284,918 39,490 - - - N/A 0.00

2004 292,466 45,986 - - - N/A 0.00

Sources: www.fred.labormarketinfo.comProperty Appraiser Recapitulation Report.Collier County Comprehensive Annual Financial Report.

139

COLLIER COUNTY, FLORIDARATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR

GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURESLAST TEN FISCAL YEARS

(Unaudited)

Total Ratio of TotalInterest General Debt Service

Fiscal and Fiscal Total Expenditures to GeneralYear Principal Charges Debt Service (1) Expenditures

1994 $ 919,000 681,009 1,595,046 117,092,993 1.37%

1995 987,000 622,924 1,600,009 116,402,597 1.38%

1996 1,110,000 587,002 1,697,002 143,278,974 1.19%

1997 1,140,000 366,607 1,506,607 142,394,606 1.05%

1998 2,420,000 247,438 2,667,438 150,461,888 1.78%

1999 680,000 150,055 2,667,438 162,340,254 0.51%

2000 705,000 122,855 830,055 180,454,516 0.50%

2001 735,000 94,863 829,863 209,478,223 0.40%

2002 765,000 65,255 830,255 272,128,310 0.31%

2003 795,000 34,390 829,390 283,095,501 0.29%

2004 0 0 0 337,916,812 0.00%

(1) Includes General, Special Revenue and Debt Service Funds.


140

COLLIER COUNTY, FLORIDASCHEDULE OF WATER AND SEWER FUNDS REVENUE BOND COVERAGE (1)


Net Revenue Debt Service RequirementsFiscal Gross Available forYear Revenue (2) Expenses (3) Debt Service Principal Interest Total Coverage (4)

1995 $ 37,250,837 17,051,916 20,496,029 4,230,737 6,226,952 10,457,689 1.93

1996 38,691,604 18,135,792 20,198,921 4,095,477 6,767,030 10,862,507 1.89

1997 43,408,125 19,356,555 20,555,812 3,782,654 6,372,175 10,154,829 2.36

1998 45,541,765 19,112,573 24,051,570 5,975,610 6,119,384 12,094,994 2.20

1999 49,104,496 21,128,773 26,429,192 3,877,329 5,626,920 9,504,249 2.94

2000 53,623,839 29,161,075 24,462,764 4,991,217 5,490,994 10,482,211 2.33

2001 56,501,950 34,539,980 21,961,970 5,146,926 5,227,250 10,374,176 2.11

2002 58,321,227 32,705,026 25,616,201 6,692,495 5,052,602 11,745,097 2.18

2003 63,544,360 38,744,744 24,799,616 6,489,711 5,302,417 11,792,128 2.10

2004 69,723,407 41,617,531 28,105,876 6,878,491 4,303,507 11,181,998 2.51

(1) Coverage applies to the County Water and Sewer District, Marco Water and Sewer District through 2000, and Goodland Water District.

(2) Operating revenues plus other income and transfers in, capital grants and contributions are not included.

(3) Total expenses and operating transfers out, excluding depreciation, amortization, extraordinary losses and interest expense.

(4) Net revenue divided by total debt service requirements.


141

COLLIER COUNTY, FLORIDASALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS

SEPTEMBER 30, 2004(Unaudited)

Annual Amount of Name and Title of Official Salary Surety Bond

Donna L. Fiala - Chairman, Board of County Commissioners $ 66,105 5,000Fred W. Coyle - Vice Chairman, Board of County Commissioners 66,105 5,000Thomas K. Henning - Member, Board of County Commissioners 66,105 5,000James N. Coletta, Jr. - Member, Board of County Commissioners 66,105 5,000Frank Halas - Member, Board of County Commissioners 66,105 5,000

Dwight E. Brock - Clerk of the Circuit Court 119,505 5,000

Don Hunter - Sheriff 125,365 10,000

Jennifer J. Edwards - Supervisor of Elections 102,643 5,000

Abe Skinner - Property Appraiser 119,505 10,000

Guy L. Carlton - Tax Collector 119,505 250,000

James V. Mudd - County Manager * 157,438 Blanket Bond

* Excludes perquisites.

Source: Collier County Payroll Department.

142

COLLIER COUNTY, FLORIDADEMOGRAPHIC STATISTICS

SEPTEMBER 30, 2004LAST TEN FISCAL YEARS

(Unaudited)

PerFiscal Percent Capita School UnemploymentYear Population (1) Increase Income (2) Enrollment (3) Rate (4)

1995 186,641 0.0% N/A 27,634 6.9%

1996 197,400 5.8% 30,201 24,428 6.4%

1997 202,903 2.7% 30,906 32,572 5.9%

1998 210,095 3.5% 32,878 31,222 4.6%

1999 219,685 4.6% 34,830 31,829 3.8%

2000 229,821 4.6% 36,210 33,363 3.8%

2001 251,377 9.3% 38,916 34,616 3.5%

2002 264,475 5.2% 40,121 37,110 4.2%

2003 284,918 7.7% 41,269 38,196 4.7%

2004 292,466 2.6% 42,050 40,416 3.9%

N/A = Data not available.

Sources: (1) www.fred.labormarketinfo.com

(2) University of Florida, Bureau of Economic and Business Research, 2001 Per Capita Income revised by Department of Commerce (3) Collier County School Board, based on full time equivalent enrollment

(4) Florida Department of Labor, Bureau of Labor Statistics; and Division of Employment.

143

COLLIER COUNTY, FLORIDAPROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS


Construction and Property Values

Commercial/Industrial Residential (1)

Fiscal Number of Value Number of Number of Value Bank Deposits Year Permits (2) (In Thousands) (3) Permits (2) Units (2) (In Thousands) (3) (In Thousands) (4)

1995 266 $ 47,724 14,191 4,323 $ 475,769 $ 2,870,991

1996 275 60,789 14,555 5,001 529,834 3,112,346

1997 345 87,748 16,718 6,481 608,996 3,463,731

1998 350 125,889 18,541 6,691 763,252 3,767,516

1999 368 133,441 20,503 8,335 857,745 4,102,784

2000 393 157,340 22,030 8,101 1,017,208 4,658,978

2001 266 111,882 21,257 7,683 965,055 5,153,782

2002 219 129,195 22,730 7,824 943,460 5,844,144

2003 252 226,208 24,752 5,938 911,946 6,788,764

2004 241 122,962 27,294 6,537 1,302,291 8,132,812

(1) Includes Duplexes, Mobile Homes, Multi-Family and Single Family Structures.

(2) Department of Community Development - Permit/unit report by type of structure(new structures only). Number of units of non-residential construction is not available.

(3) Value is stated at market value.

(4) Florida Banker's Association.

Source: Collier County Department of Community Development and the Florida Banker's Association.

144

COLLIER COUNTY, FLORIDAPRINCIPAL TAXPAYERS COUNTY-WIDE

2004 TAX ROLL(Unaudited)

2004Property Percent of

Taxes Total Owner/Taxpayer Levied Taxes Levied

Florida Power & Light Company $ 2,225,141 0.37%

HMC BN LTD Partnership 1,736,565 0.29%

Sprint-Florida Incorporated 1,698,671 0.28%

City National Bank of Miami 1,174,835 0.19%

Coastland Center Joint Venture 1,047,351 0.17%

CC-Naples Inc 669,535 0.11%

Lee County Electric Co-Op Inc 618,844 0.10%

Collier Development Corporation 605,171 0.10%

HMC NGL Inc 566,645 0.09%

Lutgert TR, Raymond L 515,592 0.09%

Total $ 10,858,350 1.79%

Total Property Taxes Levied $ 605,943,037

Amounts for taxpayers with similar names have not been combined.

Source: Property Appraiser's taxpayer listing in order of taxes levied.

145

COLLIER COUNTY, FLORIDAMISCELLANEOUS STATISTICAL DATA


Date of establishment: 1923 Education:Form of Government: Constitutional County Number of Schools:Present area: 2,026 square miles High schools 8

Middle Schools 9Elementary Schools 27

Population: Vocational Technical 2

Date Residents Number of administrators 311Number of non-instructional 2,268

1991 161,600 Number of teachers 2,7561992 168,5001993 174,664 Construction permits: (4)1994 186,641 Permits issued 31,7521995 186,641 Estimated construction costs $ 1,505,698,1091996 197,4001997 202,903 Police Protection: (2)1998 210,095 Number of stations 71999 219,685 Number of employees:2000 229,821 Certified law enforcement 5982001 251,377 Certified correction officers 2112002 264,475 Civilian employees 3392003 284,918 Certified Judicial employees 312004 292,466

Fire Protection: (1)County Employees (Dependent Districts): Number of stations 2 As of September 30, 2004 3,445 Number of employees 14

Number of volunteers-approximate 5

Elections: Number of registered voters 168,673 Miscellaneous County Information:

Miles of streets 1,121 Number of voters turned out for Number of street lights (3) 3,075 last general election 129,231 - 76.6% Number of traffic lights 196

Number of county maintained parks 46Number of libraries 9Number of volumes in libraries 583,684

Water and Sewer Department:Number of water and sewer customers 53,170

Daily water consumption peak season (gallons) 31,342,779Miles of water lines 668Miles of sanitary sewers 784Miles of primary and secondary 311 drainage facilities

(1) Excludes Independent Fire Districts.(2) Excludes City Police and State Troopers.(3) Excludes Lighting Districts.(4) New Structures and Renovations.

146

COLLIER COUNTY, FLORIDAMAJOR INDUSTRIES WITHIN COLLIER COUNTY


Industry Firms Employee Count *

Hotels and other Lodging 61 4,019Health Care and Social Services 657 12,061Professional and Business Services 2,134 14,236Finance, Insurance and Real Estate 1,305 6,450Arts, Entertainment and Recreation 178 4,558Services - other 1,008 4,379

Services 5,343 45,703

Eating and Drinking Places 547 7,928Food Stores 125 4,069Auto Dealers and Service Stations 193 2,550Home Furniture and Furnishings 170 1,007Retail Trade - other 479 2,795Apparel and Accessory Stores 260 1,807General Merchandise Stores 31 2,211Building Hardware and Garden 111 2,160

Retail Trade 1,916 24,527

Federal Government 19 679State Government 45 832Local Government 22 11,017

Government 86 12,528

Agriculture, Forestry and Fisheries 105 4,259Construction 1,521 14,799Manufacturing 273 2,543Transportation, Communication and Public Utilities 319 3,282Wholesale Trade 435 2,528Mining 8 53Other 2,661 27,464

Total 10,006 110,222

* Average number of people employed in 2004.

Source: Florida Department of Labor & Employment Security; Bureau of Labor Market Information ES-202 report.

147

COLLIER COUNTY, FLORIDASCHEDULE OF INSURANCE IN FORCE

SEPTEMBER 30, 2004

Type of policy and Expiration Annual Type of coverage Limits of Liability Company Date Premium

Property (1) 250,000,000 Loss Limit Various 10/01/2004 $ 2,700,798

General Liability (2) $5,000,000 per occurrence Great Lakes Reinsurance, PLC 10/01/2004 774,111$5,000,000 general aggregate$5,000,000 (Products andCompleted Operations)

Public Officials Error & $5,000,000 occurrence/ Great Lakes Reinsurance, PLC 10/01/2004 *Included in (1) Omissions aggregate

Workers Compensation $600,000 - Workers Comp Great Lakes Reinsurance, PLC 10/01/2004 $*Included in (1) 600,000 - Employers Liab

Crime $1,000,000 Each Loss Great Lakes Reinsurance, PLC 10/01/2004 *Included in (1)

Excess Crime $4,000,000 Employers Liability Travelers Insurance 10/01/2004 $ 9,599

Automobile Liability $1,000,000 each accident Great Lakes Reinsurance, PLC 10/01/2004 *Included in (1)

Statutory Accidental Death Various in Compliance with Hartford Insurance Co. 10/01/2004 $ 27,111& Disability statute

Airport Liability $1,000,000 Phoenix Aviation 10/01/2004 $ 18,500

Aircraft Liability $10,000,000 Global Aerospace 10/01/2004 $ 183,215

Boiler & Machinery $25,000,000 Hartford Steam Boiler 10/01/2004 $ 20,732

Pollution Liability $2,000,000/$4,000,000 Indian Harbor Insurance 10/01/2004 $ 88,343

Public Officials Various amounts on Various Various Various Bonds Designated Officials

Excess Workers' Compensation $25,000,000 Workers ACE American 10/01/2004 $ 300,000Compensation;$1,000,000 EmployersLiability

Clinic Medical Professional $1,000,000 Occurrence; Evanston Insurance 06/01/2005 $ 48,161Liability $1,000,000 Aggregate

Flood Insurance Various Various 10/01/2005 Various

Builders Risk $39,000,000-South County Royal Surplus Lines 01/30/2005 $ 175,000 Water Reclamation Expansion

Builders Risk $23,350,000-South County Arch Specialty Insurance 05/01/2005 $ 362,071 Reverse Osmosis Plant

Builders Risk $24,861,000 North Collier Hartford Insurance 11/05/2005 $ 238,914Water Reclamation Expansion

Builders Risk $33,902,176 - Jail Addition Landmark American 10/01/2005 $ 168,271

Builders Risk $8,692,500 NCWRF Landmark American 09/15/2005 $ 47,748Expansion

Builders Risk $3,172,330 SCWRF Piping Hartford Insurance 06/02/2005 $ 4,664

Annual premium on Auto Liability does not include Sheriff's Department.

(1) Includes real, personal, auto physical damage, inland marine equipment, extra expense, EDP, watercraft, valuable papers andrecords, business interruption, rental value, contractors' equipment, computer equipment and software, flood, earthquake and crime.

(2) Includes Emergency Medical Technicians E&O

(3) Public Officials Liability.

Source: Collier County Risk Management Department. 148

Single Audit/Federal and State Schedule of Financial Assistance

THE SINGLE AUDIT/FEDERAL AND STATE SCHEDULE OF FINANCIAL ASSISTANCE SECTION PRESENTS GRANT COMPLIANCE REPORTS FILED BY COLLIER COUNTY WITH THE FEDERAL GOVERNMENT AND STATE GOVERNMENT, RESPECTIVELY.


CFDA #/CSFA # Grant/Contract Number Expenditures

Corporation for National and Community Service

Direct Programs:

Retired and Senior Volunteer Program 94.002 02SRSFL078 65,865$

Total Corporation for National and Community Service 65,865

Environmental Protection Agency

Direct Programs:

Indirect Programs:Florida Department of Environmental Protection:

State Revolving Fund 66.458 CS120597100 216,360 State Revolving Fund 66.458 WWG12059715L 01 831,424 State Revolving Fund 66.458 WWG12059715L 02 13,623,313 State Revolving Fund 66.458 WWG12059715L 03 1,927,406

Total Environmental Protection Agency 16,598,503

Federal Emergency Management Agency

Indirect Programs:Florida Department of Community Affairs:

Collier County Citizens Corp 83.564 03-CC-96-09-21-01-429 5,853

Terrorism Annex Update 83.562 03-FT-1B-09-21-01-341 74,157

HMPG Public Safety Retrofit 83.548 04-HM-9-09-21-15-001 63,140 Update Local Mitigation Strategy 83.548 04-HS-L+-09-21-01-204 13,929 Shelter Retrofit Corkscrew Middle School 83.548 04-HM-?L-09-21-15-001 6,942 Total CFDA 84,011

Emergency Management Performance Grant 83.534 03-BG-04-09-21-01-011 41,897

Total Federal Emergency Management Agency 205,918

United States Department of Agriculture

Indirect Programs:Florida Department of Agriculture and Consumer Services:

Forestry State Grant 10.662 Ochopee Fire District 1,392 Forestry State Grant 10.662 Isle of Capri Fire District 2,897 Total CFDA 4,289

Florida Department of Education:

School Breakfast 10.553 01-0338 13,270

School Lunch 10.555 01-0338 23,184

Summer Food Service Program for Children 10.559 04-804 429,315

Total United States Department of Agriculture 470,058

(Continued)See accompanying notes to the schedule of expenditures of federal awards and state projects

COLLIER COUNTY, FLORIDASCHEDULE OF EXPENDITURES OF


Federal or State Grantor/Pass-Through Grantor Program Title

FEDERAL AWARDS AND STATE PROJECTS

155






United States Department of Commerce

Direct Programs:

Coastal Impact Assistance Program 11.419 NA17OZ2090 53,691

Total United States Department of Commerce 53,691

United States Department of Fish and Wildlife

Indirect Programs:Florida Fish and Wildlife Conservation Commission

Lake Avalon Native Wetland Garden 15.631 4018136198 2,169 Exotic vegetation Removal Phase II 15.631 1448-40181-03-G 4,500 Total CFDA 6,669

CR92 & US41 Exotics 15.608 401813G244 48,287

Artificial Reef 15.605 FWCC 02101 25,000

Exotic Vegetation Removal 15.FFB 1448-40181-98-J-021 315

Total United States Department of Fish and Wildlife 80,271

United States Department of Health and Human Services

Indirect Programs:Florida Department of Elder Affairs - Area Agency on Aging for

Southwest Florida, Inc.:

Special Programs for the Aging - Title III, Part B - Grants for Supportive Services and Senior Centers 93.044 OAA203.04 117,456 Special Programs for the Aging - Title III, Part B - Grants for Supportive Services and Senior Centers 93.044 OAA203.03 60,056 Total CFDA 177,512

Special Programs for the Aging - Title III, Part C-1 - Nutrition Services 93.045 OAA203.04 27,192 Special Programs for the Aging - Title III, Part C-1 - Nutrition Services 93.045 OAA203.03 20,818 Special Programs for the Aging - Title III, Part C-2 - Nutrition Services 93.045 OAA203.04 28,139 Special Programs for the Aging - Title III, Part C-2 - Nutrition Services 93.045 OAA203.03 19,016 Total CFDA 95,165

National Family Caregiver Support - Title III-E 93.052 OAA203.02 36,570 National Family Caregiver Support - Title III-E 93.052 OAA203.02 42,225 Total CFDA 78,795

Florida Department of Revenue:

Child Support Enforcement 93.563 CC311 210,057 Child Support Enforcement 93.563 HZF14 12,956 Total CFDA 223,013

Total United States Department of Health and Human Services 574,485

(Continued)

156






United States Department of Housing and Urban Development

Indirect Programs:Florida Department of Community Affairs:

Community Development Block Grant 14.218 B-04-UC-12-0016 96,905 Community Development Block Grant 14.218 B-03-UC-12-0016 1,633,350 Community Development Block Grant 14.218 B-02-UC-12-0016 165,798 Community Development Block Grant 14.218 B-01-UC-12-0016 8,827 Total CFDA 1,904,880

HOME 14.239 M-04-UC-12-0017 17,229 HOME 14.239 M-03-UC-12-0217 183,791 Total CFDA 201,020

Total United States Department of Housing and Urban Development 2,105,900

United States Department of Transportation

Direct Programs:

Marco Taxiway - FAA 20.106 3-12-0142-001-2003 73,108 Immokalee Taxiway - FAA 20.106 3-12-0031-002-2003 50,666 Everglades Taxiway - FAA 20.106 3-12-0021-001-2003 73,455

Total CFDA 197,229

Indirect Programs:Florida Department of Transportation:

Paved Shoulders 20.205 AL 310 508,334 Highway Planning and Construction 20.205 PL-0313(41) 146,932 Highway Planning & Construction 20.205 PL-0313(42) 57,096 Bridge Enhancements 20.205 AN 093 200,000 Davis Blvd Resurfacing 20.205 AN 996 167,178 Total CFDA 1,079,540

Section 5303 20.505 AM 356 13,317

Section 5307 20.507 FL-90-X508-00 458,597 Section 5307 20.507 FL-90-X456-00 67,507 Section 5307 20.507 FL-90-X492 238,897 Total CFDA 765,001

Immokalee Circulator 02/03 20.509 AM 357 123,074

Total United States Department of Transportation 2,178,161

United States Department of Justice

Direct Programs:Office of Community Oriented Policing:

COPS Universal Hiring Program 16.710 2002ULWX0070 523,458 COPS MORE 02 16.710 2002CLWX0035 144,893 COPS in Schools 16.710 2002SHWX0661 389,449 COPS in Schools 16.710 2000SHWX0839 139,051 COPS in Schools 16.710 2001 SHWX0581 420,425 Total CFDA 1,617,276

(Continued)

157






Bureau of Justice Assistance:

State Criminal Alien Assists Program 16.606 2002F0169FLAP 233,043 State Criminal Alien Assists Program 16.606 2001APBBX0905 56,230 State Criminal Alien Assists Program 16.606 2000APBX0483 207,054 Total CFDA 496,327

Office of Justice Programs:

Local Law Enforcement Block Grant 16.592 2002LBBX0347 115,349 Local Law Enforcement Block Grant 16.592 2003LBBX0032 109,599 Total CFDA 224,948

Indirect Programs:Florida Office of Attorney General:

Victim of Crime Act (VOCA) 16.575 V2003 66,353

Florida Department of Juvenile Justice:

Civil Citation 16.523 CC015 46,221

Florida Department of Law Enforcement

Juvenile Court 16.579 04-J-J3-09-21-01-067 53,458 Coastal Defense 16.579 04-CJ-J3-09-21-01-069 37,500 Juvenile Arrest and Monitoring III 16.579 04-CJ-J3-09-21-01-068 119,280 Total CFDA 210,238

Department of Children and FamiliesSTOP Violence Against Women Grants Program 16.588 LJ169 101,610 STOP DCF 16.588 LN016 37,500 Total CFDA 139,110

DCA Operation Liberty Shield 16.007 04-LS-1P-09-21-23-101 22,305

Total United States Department of Justice 2,822,778

General Service AdministrationIndirect Programs:

Florida Department of State

Voter Education 39.011 Collier County 31,665

Total General Service Administration 31,665

Department of Homeland SecurityIndirect Programs:

Florida Department of Community AffairsState Homeland Security Grant 97.004 05-DS-2N-09-21-01-022 11,495

Hurricane Charley 97.036 FEMA-DR-1539-FL 2,545,730 Hurricane Frances 97.036 FEMA-DR-1545-FL 595,847 Hurricane Ivan 97.036 FEMA-DR-1551-FL 55,321 Hurricane Jean 97.036 FEMA-DR-1561-FL 29,010 Total CFDA 3,225,908

Total Department of Homeland Security 3,237,403

28,424,698$

(Continued)

TOTAL EXPENDITURES OF FEDERAL AWARDS

158






Preserve the Preserve - Florida Communities Trust 52.002 04-CT-92-03-F3-A1-073 1,887,984$

Emergency Preparedness and Assistance Trust Fund 52.008 03-BG-04-09-21-01-011 102,948

Hurricane Charley 52600308 05-PA-C%-09-21-01-864 84,770 Hurricane Frances 52600308 05-PA-G%-09-21-01-044 4,775 Hurricane Ivan 52600308 05-PA-G=09-21-01-747 2,391 Hurricane Jean 52600308 05-PA-E=09-21-01-201 20

Total CSFA 91,956

Total Florida Department of Community Affairs 2,082,888

Area Agency on Aging for Southwest Florida, Inc:Home Care for the Elderly 65.001 HCE316.203.03 1,942 Home Care for the Elderly 65.001 HCE311.203.04 2,391

Total CSFA 4,333

Community Care for the Elderly (FY05) 65.010 CCE304.203.04 32,992 Community Care for the Elderly (FY04) 65.010 CCE302.203.04 171,755

Total CSFA 204,747

Alzheimer's Disease Initiative 65.004 ADI305.203.04 130

Total Florida Department of Elder Affairs 209,210

Beach Erosion Control Program 37.003 01-C01 214,691 Waste Tire Grant 37.015 WT 311 31,090 Bayview Park 37.017 F3604 86,773 Petroleum Site Contamination 37.024 GC623 123,702

Total Florida Department of Environmental Protection 456,256

Artificial Reef Monitoring 77.014 02-017 5,996

Total Florida Department of Fish and Wildlife 5,996

Florida Department of Health and Rehabilitative Services

EMS - Fitness 64.003 M3114 42,212 WMD Equipment 64.003 M2033 9,993 Mobile Data Terminals 64.003 M2019 5,040

Total CSFA 57,245

Emergency Medical Services County Award 64.005 C3011 72,290

Total Florida Department of Health and Rehabilitative Services 129,535

(Continued)

Florida Department of Community Affairs

Florida Department of Elder Affairs

Florida Department of Environmental Protection

Florida Department of Fish and Wildlife

159






DRILL Aftercare 80.018 H9005 491,400 DRILL Residential 80.017 H9005 875,948 Juvenile Delinquent and Gang 80.006 DP-327 111,907

Total Florida Department of Juvenile Justice 1,479,255

Immokalee Branch Library 45.020 02-PLC-02 142,591

Voter Education 45.029 Collier County 16,250

State Aid to Libraries 45.030 04-ST-11 247,842 State Aid to Libraries 45.030 03-ST-09 128,338

Total CSFA 376,180

Summer Library Program 45.310 03-LSTA-C-06-B 7,498

Total Florida Department of State 542,519

Florida Housing Finance Commission

State Housing Initiatives Partnership Program 52.901 FY 05 46,018 State Housing Initiatives Partnership Program 52.901 FY 04 2,374,323

Total CSFA 2,420,341

Hazardous materials Ananlysis 52.023 04-CP-11-09-21-01-023 9,041

Total Florida Housing Finance Commission 2,429,382

Trip & Equiptment Grant 55.001 ANN43 88,662 Transportation Disadvantaged 55.001 AL 952 455,863

Total CSFA 544,525

Transportation Disadvantaged Planning Grant 55.002 AM122 12,127

Marco Migration Phase I 55.004 AL461 19,806 Conceptual ERP 55.004 ANK 47 4,748 Rehab R/W 15-33 Lights (E) 55.004 AM279 4,147 Marco Land Acquisition 55.004 AI 011 321 Everglades South Aircraft Turn Out 55.004 AH528 1,760 Mitigation 55.004 AI 526 149 Everglades North Turnout 55.004 AG394 1,720

Total CSFA 32,651

State Block Grant 55.010 AM350 305,565

Customs Facility - Fast Track 55.014 AJ 847 43,209

Golden Gate Parkway Widening /Overpass 55.022 413015-1-58-01 2,918,919

Total Florida Department of Transportation 3,856,996

Office of the State Court Administrator

State Court Grant - Article V 22.003 Collier County 9,710

Total Office of the State Court Administrator 9,710

(Continued)

Florida Department of Juvenile Justice

Florida Department of State

Florida Department of Transportation

160






Office of the Department of Children and Family

State Challenge Grant - HMIS Collier County Hunger & Homeless 60.014 HEZ09 82,500

Total Office of the Department of Children and Family 82,500

Office of the Department of Management Services

Wireless 911 72.001 Collier County 425,647

Total Office of the Department of Management Services 425,647

11,709,894$ TOTAL EXPENDITURES OF STATE FINANCIAL ASSISTANCE

161

COLLIER COUNTY, FLORIDA NOTES TO THE SCHEDULE OF EXPENDITURES OF

FEDERAL AWARDS AND STATE PROJECTS SEPTEMBER 30, 2004

162

NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards and State Projects includes the Federal and State grant activity for Collier County, Florida and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB A-133, Audits of States, Local Governments, and Non-Profit Organizations and Section 215.97, Florida Statutes. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements. NOTE 2 – STATE REVOLVING FUNDS Reconciliation of State Revolving Funds expended to cash received during fiscal year 2004:

Expenses reported on Single Audit Schedule $16,598,503 Reimbursements received for prior year expenses 4,942,336 Less current year expenses that have not been reimbursed (2,040,015) Administrative and planning allowances drawn 1,146,647 Total State Revolving Fund reimbursements received $20,647,471

NOTE 3 – SUBGRANT AWARDS The following subgrant awards were made by Collier County during fiscal year 2004:

Program Title CFDA/CSFA Number Subgrant Amount Community Development Block Grant 14.218 $1,112,167

State Housing Initiatives Partnership Program 52.901 228,000


Documents

Comprehensive Annual Financial Report · NAPLES, FLORIDA 34101-3044 March 22, 2005 To the Citizens, and Members of the Board of County Commissioners, County of Collier, Florida It