|
AUDITOR'S PRESENTATION OF COUNTY FINANCIAL STATEMENT
<br />Finance Director Ed Fry introduced Christine Hill of Coopers
<br />& Lybrand, partner in charge of the audit, and Dan O'Keefe,
<br />Manager, commenting that he felt they did an excellent job and
<br />that the changeover from the auditing firm of May Zima went very
<br />smoothly.
<br />Finance Director Fry then proceeded to give highlights from
<br />the Comprehensive Annual Financial Report for the FY 1987, which
<br />report includes not only the Board of County Commissioners, but
<br />also the Constitutional Officers, the Fire Districts, and the
<br />Housing Authority.
<br />Director Fry referred to the following in particular:
<br />Pages iv. and v. of the Introductory Letter show the increase in
<br />general governmental revenues and in expenditures and include an
<br />explanation as to why these increased.
<br />GENERAL GOVERNMENTAL FUNCTIONS
<br />Total revenues for the General, Special Revenue, .Debt Service and Capital
<br />Projects Funds were $44,351,509 an increase of $9,268,114 over the 1986
<br />fiscal year. Revenues for -the 1987 fiscal year and the change from the
<br />previous year are as follows:
<br />INCREASE
<br />PERCENT (DECREASE)
<br />REVENUES AMOUNT OF TOTAL OVER 1986
<br />Taxes $ 24,807,101 55.9 % $ 2,557,943
<br />Licenses and permits 219,902 .5 81
<br />Intergovernmental 9,252,713 20.9 2,887,433
<br />Charges for services 3,675,834 8.3 1,484,310
<br />Fines and forfeitures 474,244 1.1 (84,037)
<br />Miscellaneous 5,921 715 13.3 2,422,384
<br />TOTAL REVENUES $ 44,351,509
<br />100.0 % $ 9,268,114
<br />The increase in taxes was due to an increase of the millage rate, first year
<br />collections of the local option resort tax, first year collections of the
<br />telephone 911 fee, and an increase in the local option gas tax from two cents
<br />to six cents. Increases in intergovernmental revenues were due to the
<br />receipt of a $2,490,683.00 State Grant for land purchases, an increase in the
<br />Section 8 Rental Assistance Grant, and more funds received from state Revenue
<br />Sharing, the 1/24 sales tax, and gas taxes. The first full year of road
<br />impact fees accounted for the increase'in charges for services. Fines and
<br />forfeitures decreased due to changes in State Statutes setting fines and less'
<br />funds received from confiscated property proceeds. Miscellaneous revenues
<br />increased due to higher interest. earnings, greater special assessment collec-
<br />tions, more rental income, and increases in the general and administrative
<br />charges to the County's enterprise funds.
<br />FEB 16 1988
<br />9
<br />bow, 70 fAuE 6,;;„'7
<br />
|