Entries resulting from bond issuance and refunding: …...Fund 8 - Debt Service Current Bond Refunding Account # Description Payments to Refunded Bond Escrow Agent 180,790.73 Dues

201

Community College Annual Financial Report CO&DS Entries For Fiscal Year 2014-2015

Eastern Florida State College

Entries resulting from bond issuance and refunding: Debit

Fund 7 - Unexpended Plant

Account # Description Cash -Dues and Fees (Issuance costs - underwriter's discount) -Dues and Fees (Issuance costs - bond finance/admin charges) -Discounts on Sale of Bonds -

Sale of Bonds - SBE/COBI Bonds Premium on Sale of Bonds

Fund 8 - Debt Service Current Bond Refunding

Account # Description Payments to Refunded Bond Escrow Agent 180,790.73 Dues and Fees (Issuance costs - underwriter's discount) 69.91 Dues and Fees (Issuance costs - bond finance/admin charges) 209.81 Discounts on Refunding Bonds -

Sale of Refunding Bonds Premium on Sale of Refunding Bonds Revenue - License Tag Fees Appropriation (MVLR)

Fund 8 - Debt Service Advance Bond Refunding

Account # Description Cash with Fiscal/Service Agents -Dues and Fees (Issuance costs - underwriter's discount) -Dues and Fees (Issuance costs - bond finance/admin charges) -Discounts on Refunding Bonds -

Sale of Refunding Bonds Premium on Sale of Refunding Bonds Accrued Interest Payable (Sinking Fund Accruals)

Fund 8 - Retirement of Indebtedness

Account # Description Cash -

Accrued Interest Payable

No new money bond issues for the 2014-2015 fiscal year.

No advanced refunding for the 2014-2015 fiscal year.

Sinking fund accrual for interest included in refunding.

Series 2014-B to refund callable portion of Series 2005-A due from 1/1/2016 through 1/1/2017 and Series 2005-B due from 1/1/2016 though 1/1/2020.

Credit

--

163,000.00 14,424.61 3,645.84

---

-

Year-end entries: Debit


Account # Description 10100 Cash - Cash Disbursements -

Due from Other Agencies 225,085.15 64500 Other Services (Admin Charges - State Treasury) 275.97 68530 Interest 27XXX Deferred Revenues - Unavailable 42210 Revenue - License Tag Fees Appropriation (MVLR) 48100 Revenue - Interest and Divendends (Interest Earned on MVLR W ithheld)

Fund 1 - Current Funds - Unrestricted

Account # Description 64500 Other Services (Admin Charges - DOE) 7,487.10 42210 Revenue - License Tag Fees Appropriation (MVLR)


Account # Description 69000 Payment of Debt Principle (SBE Capital Outlay Bonds) 260,000.00 68530 Interest on Debt (SBE Capital Outlay Bonds) 17,375.00 64500 SBA Sinking Fund Administration Fees 133.69

Payments to Refunding Bond Escrow -Accrued Interest Payable -Cash with Fiscal/Service Agents

42210 Revenue - License Tag Fees Appropriation (MVLR) 48100 SBA Sinking Fund Earnings -102XX Investments - Cash Equivalent (SBA)

To record CO&DS disbursements, investment earnings, and treasury fees.

To record amounts withheld from MVLR for actual administration fees as provided in Article XII, Section 9, Subsection (d) of the Florida Constitution.

To record debt service payments, MVLR withheld for debt service, investment earnings, related fees, reversal of accrued interest, and transfer of prior year advance refunding cash with fiscal agent to payments of refunded bonds escrow agent.

Credit

30,696.30 191,389.69

3,275.13

7,487.10

-270,039.52

239.06 7,230.11

Reconciliation of activity in Fund 8 - Retirement of Indebtedness:

Beginning fund balance as provided in prior school year Plus:

Revenue - License Tag Fees Appropriation (MVLR) Revenue - Interest and Divendends (SBA Sinking Fund Interest Earnings) Refunded bond proceeds Premium on refunded bonds

Less: Payment of Debt Principle (SBE Capital Outlay Bonds) Interest on Debt (SBE Capital Outlay Bonds) Other Services (Admin Charges - SBA) Payments to refunded bonds escrow agent Dues and fees on refunded bonds (admin and underwriter fees) Discount on refunded bonds

Ending fund balance

12,151.40

273,685.36 239.06

163,000.00 14,424.61

260,000.00 17,375.00

133.69 180,790.73

279.72 -

4,921.29

202


Broward College






Account # Description Payments to Refunded Bond Escrow Agent 1,951,564.14 Dues and Fees (Issuance costs - underwriter's discount) 750.09 Dues and Fees (Issuance costs - bond finance/admin charges) 2,251.23 Discounts on Refunding Bonds -












Credit

--

1,749,000.00 166,294.63 39,270.83

---

-














Credit

83,220.56 520,009.89

7,637.63

17,460.00

-544,411.68

481.95 11,750.90





Ending fund balance

61,862.40

583,682.51 481.95

1,749,000.00 166,294.63

485,000.00 71,375.00

269.53 1,951,564.14

3,001.32 -

50,111.50

203


College of Central Florida


















Credit

--

63,000.00 4,003.09 1,354.17

---

-














Credit

14,658.83 91,641.36 1,296.56

2,964.00

-88,522.91

78.37 2,317.55





Ending fund balance

4,237.08

89,877.08 78.37

63,000.00 4,003.09

85,000.00 5,875.00

43.83 68,249.15

108.11 -

1,919.53

204


Chipola College


















Credit

--

96,000.00 6,104.02 2,083.33

---

-














Credit

2,344.31 14,415.90

469.81

1,074.00

-53,833.58

47.66 1,145.41





Ending fund balance

3,987.41

55,916.91 47.66

96,000.00 6,104.02

50,000.00 5,000.00

26.65 104,022.61

164.74 -

2,842.00

205


Daytona State College






Account # Description Payments to Refunded Bond Escrow Agent -Dues and Fees (Issuance costs - underwriter's discount) -Dues and Fees (Issuance costs - bond finance/admin charges) -Discounts on Refunding Bonds -












Credit

--

---

---

-














Credit

12,943.19 78,412.45 3,884.43

8,880.00

-492,324.89

435.84 11,533.01





Ending fund balance

56,687.11

492,324.89 435.84

--

395,000.00 109,050.00

243.74 ---

45,154.10

206


Florida SouthWestern State College


















Credit

--

148,000.00 10,268.02 3,229.17

---

-









Payments to Refunding Bond Escrow 216,734.45 Accrued Interest Payable 2,761.43 Cash with Fiscal/Service Agents





Credit

11,734.10 72,444.34 2,036.70

4,656.00

216,734.45 221,859.46

196.40 4,327.84





Ending fund balance

257,913.29

225,088.63 196.40

148,000.00 10,268.02

147,000.00 76,512.43

109.84 377,977.67

253.97 -

39,612.43

207


Florida State College at Jacksonville


















Credit

--

2,194,000.00 208,692.01 49,270.83

---

-














Credit

45,176.48 279,412.24

7,293.80

16,674.00

-771,389.80

682.88 17,184.22





Ending fund balance

80,150.32

820,660.63 682.88

2,194,000.00 208,692.01

695,000.00 93,875.00

381.90 2,448,197.89

3,764.95 -

62,966.10

208


Florida Keys Community College


















Credit

--

34,000.00 2,152.93

729.17

---

-






Account # Description 64500 Other Services (Admin Charges - DOE) 714.00 42210 Revenue - License Tag Fees Appropriation (MVLR)








Credit

2,828.13 17,623.56

312.33

714.00

-26,479.38

23.44 635.29





Ending fund balance

1,649.42

27,208.55 23.44

34,000.00 2,152.93

25,000.00 2,125.00

13.11 36,823.76

58.34 -

1,014.13

209


Gulf Coast State College


















Credit

--

239,000.00 15,165.28 5,208.33

---

-














Credit

4,973.44 30,460.31 1,131.21

2,586.00

-134,543.49

119.11 2,904.01





Ending fund balance

9,979.94

139,751.82 119.11

239,000.00 15,165.28

125,000.00 12,500.00

66.61 258,963.48

410.13 -

7,075.93

210


Hillsborough Community College


















Credit

--

---

---

-














Credit

60,140.85 376,055.93

5,233.48

11,964.00

-350,194.43

310.01 8,168.93





Ending fund balance

40,777.50

350,194.43 310.01

--

280,000.00 78,500.00

173.37 ---

32,608.57

211


Indian River State College


















Credit

--

478,000.00 30,330.56 10,416.67

---

-














Credit

15,532.74 95,347.78 3,296.51

7,536.00

-384,459.18

340.35 7,990.81





Ending fund balance

44,310.80

394,875.85 340.35

478,000.00 30,330.56

320,000.00 72,600.00

190.34 517,926.97

820.26 -

36,319.99

212


Florida Gateway College


















Credit

--

---

---

-








Account # Description 69000 Payment of Debt Principle (SBE Capital Outlay Bonds) -68530 Interest on Debt (SBE Capital Outlay Bonds) -64500 SBA Sinking Fund Administration Fees -


42210 Revenue - License Tag Fees Appropriation (MVLR) 48100 SBA Sinking Fund Earnings -102XX Investments - Cash Equivalent (SBA) -




Credit

10,173.16 63,970.04

493.43

1,128.00

----





Ending fund balance

-

----

-------

213


Lake-Sumter State College


















Credit

--

148,000.00 14,095.38 3,333.33

---

-




Due to Other Agencies 41,481.25 64500 Other Services (Admin Charges - State Treasury) 48.21 68530 Interest 27XXX Deferred Revenues - Unavailable 42210 Revenue - License Tag Fees Appropriation (MVLR) 48100 Revenue - Interest and Divendends (Interest Earned on MVLR W ithheld)










Credit

5,657.08 35,300.22

572.16

1,308.00

-45,017.27

39.85 965.17





Ending fund balance

5,203.18

48,350.60 39.85

148,000.00 14,095.38

40,000.00 6,000.00

22.29 165,174.74

253.97 -

4,238.01

214


State College of Florida, Manatee-Sarasota


















Credit

--

---

---

-














Credit

31,926.42 200,757.04

1,548.52

3,540.00

----





Ending fund balance

-

----

-------

215


Miami Dade College


















Credit

--

395,000.00 37,316.58 8,854.16

---

-




Due from Other Agencies 1,706,199.26 64500 Other Services (Admin Charges - State Treasury) 1,099.13 68530 Interest 27XXX Deferred Revenues - Unavailable 42210 Revenue - License Tag Fees Appropriation (MVLR) 48100 Revenue - Interest and Divendends (Interest Earned on MVLR W ithheld)










Credit

232,688.46 1,461,565.60

13,044.33

29,820.00

-265,808.28

235.31 10,463.01





Ending fund balance

23,565.72

274,662.44 235.31

395,000.00 37,316.58

250,000.00 26,375.00

131.60 440,492.91

677.83 -

13,102.71

216


North Florida Community College


















Credit

--

---

---

-














Credit

6,040.59 37,983.91

292.98

669.78

----





Ending fund balance

-

----

-------

217


Northwest Florida State College


















Credit

--

24,000.00 1,504.62

520.83

---

-









Payments to Refunding Bond Escrow 228,339.59 Accrued Interest Payable 2,326.59 Cash with Fiscal/Service Agents





Credit

12,707.81 79,181.13 1,412.04

3,228.00

228,339.59 120,286.82

106.48 3,520.25





Ending fund balance

234,793.13

120,807.65 106.48

24,000.00 1,504.62

110,000.00 11,527.41

59.55 254,323.86

41.18 -

5,259.88

218


Palm Beach State College


















Credit

--

988,000.00 93,995.26 22,187.50

---

-









Payments to Refunding Bond Escrow 1,443,612.10 Accrued Interest Payable 14,512.66 Cash with Fiscal/Service Agents





Credit

38,504.03 239,768.78

4,438.22

10,146.00

1,443,612.10 388,621.64

344.03 8,744.50





Ending fund balance

1,494,274.11

410,809.14 344.03

988,000.00 93,995.26

307,000.00 76,005.11

192.40 2,546,099.43

1,695.43 -

56,430.17

219


Pasco-Hernando Community College


















Credit

--

---

---

-














Credit

13,036.84 80,921.70 1,787.36

4,086.00

-174,613.38

154.58 2,718.49





Ending fund balance

46,972.27

174,613.38 154.58

--

85,000.00 92,400.00

86.45 ---

44,253.78

220


Pensacola State College


















Credit

--

909,000.00 86,485.22 20,416.67

---

-














Credit

13,112.94 80,402.00 2,883.49

6,591.78

-339,761.37

300.78 7,606.06





Ending fund balance

35,090.09

360,178.04 300.78

909,000.00 86,485.22

305,000.00 42,500.00

168.21 1,014,342.03

1,559.86 -

27,484.03

221


Polk State College


















Credit

--

220,000.00 13,963.43 4,791.67

---

-














Credit

22,775.07 142,494.94

1,889.73

4,320.00

-118,682.68

105.07 2,521.01





Ending fund balance

9,029.13

123,474.35 105.07

220,000.00 13,963.43

110,000.00 11,250.00

58.76 238,377.58

377.52 -

6,508.12

222


St. Johns River State College


















Credit

--

---

---

-














Credit

23,268.41 146,314.45

1,128.58

2,580.00

----





Ending fund balance

-

----

-------

223


St. Petersburg College


















Credit

--

---

---

-














Credit

36,251.85 225,590.98

4,346.36

9,936.00

-391,248.36

346.36 8,523.98





Ending fund balance

69,762.08

391,248.36 346.36

--

265,000.00 134,925.00

193.70 ---

61,238.10

224


Santa Fe College


















Credit

--

96,000.00 6,104.02 2,083.33

---

-














Credit

23,300.47 145,080.95

2,700.73

6,174.00

-237,434.30

210.19 6,473.06





Ending fund balance

9,503.05

239,517.63 210.19

96,000.00 6,104.02

230,000.00 14,000.00

117.55 104,022.61

164.74 -

3,029.99

225


Seminole State College of Florida


















Credit

--

170,000.00 11,908.01 3,750.00

---

-














Credit

25,001.45 155,530.91

3,052.43

6,978.00

-278,130.11

246.22 6,341.37





Ending fund balance

33,594.27

281,880.11 246.22

170,000.00 11,908.01

225,000.00 59,580.00

137.70 185,366.28

291.73 -

27,252.90

226


South Florida State College


















Credit

--

---

---

-














Credit

8,874.46 55,803.65

430.44

984.00

----





Ending fund balance

-

----

-------

227


Tallahassee Community College


















Credit

--

301,000.00 19,073.60 6,562.50

---

-














Credit

13,565.89 83,007.96 3,170.53

7,248.00

-379,835.67

336.25 6,578.63





Ending fund balance

76,424.32

386,398.17 336.25

301,000.00 19,073.60

245,000.00 141,562.50

188.05 326,119.58

516.52 -

69,845.69

228


Valencia College


















Credit

--

1,084,000.00 103,034.19 24,375.00

---

-














Credit

53,557.62 332,626.83

7,138.95

16,320.00

-686,525.72

607.76 13,981.40





Ending fund balance

108,166.31

710,900.72 607.76

1,084,000.00 103,034.19

520,000.00 180,775.00

339.88 1,209,549.02

1,860.17 -

94,184.91

Documents

Entries resulting from bond issuance and refunding: …...Fund 8 - Debt Service Current Bond Refunding Account # Description Payments to Refunded Bond Escrow Agent 180,790.73 Dues