CAFR Year End 09-30-2018Collier County, Florida
Comprehensive Annual
Financial Report
Year Ended
September 30, 2018
On the cover: Lake Avalon at Sugden Regional Park
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR FISCAL YEAR ENDED
SEPTEMBER 30, 2018
COLLIER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
ANDY SOLIS, ESQ., CHAIRMAN – DISTRICT 2
WILLIAM L. MCDANIEL, JR. VICE‐CHAIRMAN – DISTRICT 5
DONNA FIALA – DISTRICT 1
BURT SAUNDERS, ESQ. – DISTRICT 3
PENNY TAYLOR – DISTRICT 4
COUNTY MANAGER
LEO E. OCHS, Jr.
COUNTY ATTORNEY
JEFFREY A. KLATZKOW
CLERK OF THE CIRCUIT COURT AND COMPTROLLER
CHIEF FINANCIAL OFFICER
CRYSTAL K. KINZEL
DIRECTOR OF FINANCE AND ACCOUNTING
DEREK M. JOHNSSEN, CPA
Prepared by the Office of the Clerk of the Circuit Court,
Finance and Accounting Department
COLLIER COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2018
TABLE OF CONTENTS
INTRODUCTORY SECTION
Page
Transmittal Letter .................................................................................................................................................................. i
Certificate of Achievement ................................................................................................................................................. vii
Organizational Chart ........................................................................................................................................................... viii
FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................................................................. 1
Management’s Discussion and Analysis (Unaudited) ........................................................................................................ 4
Basic Financial Statements:
Statement of Net Position ............................................................................................................................................ 16
Statement of Activities .................................................................................................................................................. 18
Balance Sheet – Governmental Funds ......................................................................................................................... 20
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position .............................. 21
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ................................. 22
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental
Funds to the Statement of Net Position .............................................................................................................. 23
General Fund ‐ Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual
(Budgetary Basis) ................................................................................................................................................. 24
Bayshore Gateway Community Redevelopment Agency ‐ Statement of Revenues, Expenditures and Changes in
Fund Balances – Budget and Actual (Budgetary Basis) ...................................................................................... 27
Immokalee Community Redevelopment Agency ‐ Statement of Revenues, Expenditures and Changes in
Fund Balances – Budget and Actual (Budgetary Basis) ...................................................................................... 28
Statement of Net Position – Proprietary Funds ............................................................................................................ 29
Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ...................................... 31
Statement of Cash Flows – Proprietary Funds .............................................................................................................. 32
Statement of Fiduciary Net Position – Agency Funds ................................................................................................... 34
Notes to the Financial Statements ................................................................................................................................ 35
Required Supplementary Information .............................................................................................................................. 84
Combining and Individual Fund Financial Statements and Other Supplemental Information:
Nonmajor Governmental Funds
Combining Balance Sheet ................................................................................................................................................... 92
Combining Statement of Revenues, Expenditures and Changes in Fund Balances ........................................................ 100
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances ‐ Budget and Actual (Non‐GAAP) .... 108
Nonmajor Enterprise Funds
Combining Statement of Net Position ............................................................................................................................. 134
Combining Statement of Revenues, Expenses and Changes in Net Position ................................................................. 135
Combining Statement of Cash Flows ................................................................................................................................ 136
Internal Service Funds
Combining Statement of Net Position ............................................................................................................................. 138
Combining Statement of Revenues, Expenses and Changes Net Position ..................................................................... 139
Combining Statement of Cash Flows ............................................................................................................................... 140
Fiduciary Funds
Combining Statement of Fiduciary Net Position ............................................................................................................. 142
Combining Statement of Changes in Fiduciary Net Position ........................................................................................... 143
COLLIER COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2018
TABLE OF CONTENTS ‐ CONTINUED
Component Units
Combining Statement of Net Position .............................................................................................................................. 146
Combining Statement of Activities ................................................................................................................................... 147
Other Supplemental Information
Schedule of Receipts and Expenditures of Funds Related to the Deepwater Horizon Oil Spill ...................................... 150
STATISTICAL SECTION (UNAUDITED)
Net Position by Component .............................................................................................................................................. 152
Change in Net Position ..................................................................................................................................................... 154
Governmental Activities Tax Revenues by Source ........................................................................................................... 156
Fund Balances of Governmental Funds ........................................................................................................................... 157
Changes in Fund Balances of Governmental Funds ......................................................................................................... 158
Assessed Value and Estimated Actual Value of Taxable Property .................................................................................. 160
Property Tax Rates – All Direct and Overlapping Governments ..................................................................................... 161
Principal Tax Payers County‐Wide ................................................................................................................................... 162
Property Tax Levies and Collections ................................................................................................................................ 163
Ratios of Outstanding Debt by Type ................................................................................................................................ 164
Legal Debt Margin Information ........................................................................................................................................ 165
Direct, Overlapping and Underlapping Governmental Activities Debt .......................................................................... 165
Pledged‐Revenue Coverage ............................................................................................................................................. 166
Demographic and Economic Statistics ............................................................................................................................. 167
Principal Employers .......................................................................................................................................................... 168
Budgeted Full‐Time Equivalent County Employees by Function .................................................................................... 169
Operating Indicators by Function .................................................................................................................................... 170
Capital Asset Statistics by Function ................................................................................................................................. 171
SINGLE AUDIT/SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE PROJECTS
Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and Other Matters
Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing
Standards ................................................................................................................................................................... 175
Independent Auditors’ Report on Compliance for Each Major Federal Program and State Project and Report on
Internal Control Over Compliance Required by the Uniform Guidance and Chapter 10.550, Rules of the
Auditor General of the State of Florida ..................................................................................................................... 177
Schedule of Expenditures of Federal Awards and State Financial Assistance ................................................................. 180
Notes to the Schedule of Expenditures of Federal Awards and State Financial Assistance ........................................... 186
Schedule of Findings and Questioned Costs ..................................................................................................................... 187
THIS PAGE INTENTIONALLY LEFT BLANK
Phone- (239) 252-2646 Fax- (239) 252-2755
Website- www.collierclerk.com Email- collierclerk@collierclerk.com
County of Collier
CLERK OF THE CIRCUIT COURT
COLLIER COUNTY COURTHOUSE
February 26, 2019
To the Citizens and
Members of the Board of County Commissioners,
Collier County, Florida:
It is with extreme pleasure that we present to you, the citizens of Collier County and members of
the Board of County Commissioners, the Comprehensive Annual Financial Report (CAFR) for the
fiscal year ended September 30, 2018. Responsibility for the accuracy of the data and the
completeness and fairness of the presentation, including all disclosures, rests with the Board of
County Commissioners and County management.
The Clerk of the Circuit Court and Comptroller’s Finance and Accounting Department, as well as
County management, 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 that 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.
Chapter 218.39 of the Florida Statutes requires an independent certified public accountant’s
financial audit of counties in the State. For the fiscal year ended September 30, 2018 the
independent auditor, CliftonLarsonAllen LLP, issued an unmodified opinion on the financial
statements. Their report 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 Government Auditing Standards, the Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards and the Rules of the Auditor General, Chapter 10.550 Local Governmental
Entity Audits. Information relating to the Single Audits, including the schedule of expenditures
of federal awards and state financial assistance and the independent auditors’ report on
compliance and internal control over compliance with requirements applicable to each major
federal program and state project, are included in the Federal and State Single Audit Section of
this report.
Crystal K. Kinzel - Clerk of Circuit Court
3315 TAMIAMI TRL E STE 102
NAPLES, FL 34112-5324
P.O. BOX 413044
NAPLES, FL 34101-3044
Clerk of Courts Comptroller Auditor Custodian of County Funds
ii
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
complement MD&A and the two should be read in concert. Collier County’s MD&A can be found
in the Financial Section immediately following the independent auditors’ report.
PROFILE OF THE GOVERNMENT
Collier County is a Constitutional form of government and was established in 1923 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 the following five constitutional officers: the Clerk of
the Circuit Court and Comptroller, Property Appraiser, Sheriff, Supervisor of Elections and Tax
Collector.
The County provides its citizens with a wide range of services that include law enforcement,
emergency management, fire and EMS services, animal services, library, museum and cultural
services, parks and recreation operations, road maintenance and construction. Additionally, the
County owns and operates a water and wastewater utility, a solid waste landfill and recycling
program, a landfill gas to energy facility, three airports and a transit system.
Budgets are prepared annually. Formal budgetary integration is employed as a management
control throughout the year. The Board of County Commissioners conducts budget workshops
during June of each year. The Board’s proposed budget is released by July 15, in accordance with
Florida Statutes. The budgets of Constitutional Officers are presented to the appropriate
authorizing bodies according to state statute. Public hearings are held in September to allow
taxpayer input and to adopt the final budget.
ECONOMIC CONDITION AND OUTLOOK
Collier County, the state’s second largest county at 2,026 square miles, is on the southwest coast
of Florida, directly west of Miami. With a 2018 population of 368,534 (a 10.7 percent increase
over the last ten years), Collier County has been considered to be one of the fastest growing
counties in the state over the last ten years. The resident population includes Unincorporated
County (pop. 329,421) and three municipalities: the Cities of Naples (pop. 21,279), Marco Island
(pop. 17,561) and Everglades (pop. 273). The County’s economic base is concentrated in tourism,
agriculture, fishing, construction, ranching and forestry with a growing services economy and an
emerging technology sector. Gulf of Mexico beaches and the Everglades National Park are
important attractions to this area.
Taxable property market valuation for fiscal year 2018 totaled $88.3 billion, or a very high
$239,561 per capita. The County’s millage for General Fund operations in fiscal year 2018
remained at only 36% of the statutory 10 mill limit, or $3.56 per thousand dollars of taxable value.
Unemployment levels in recent years approximate, or are slightly below, the statewide average.
The 2018 annual County unemployment rate stood at 3.3%, while the statewide average is 3.4%.
Income levels are high, with a per capita personal income of $87,829.
iii
LONG TERM FINANCIAL PLANNING
The County annually performs a three‐year budget projection of primary ad valorem supported
funds (General Fund and the Unincorporated Area Municipal Services Taxing District Fund) prior
to developing annual budget policy. On an annual basis the County is required to prepare and
present to the Board of County Commissioners an Annual Update and Inventory Report (AUIR)
and adopt a five‐year Capital Improvement Element (CIE). Both of these processes focus on the
schedule of capital improvements for the County. The AUIR is an annual status report on public
facilities and the CIE is a planning document that identifies public facilities that will be required
during the next five or more years. The Capital Improvement Element is the foundation of Collier
County’s annual Capital Improvement Program (CIP). The total CIP projects planned for fiscal
years 2019‐2023 is $1.1 billion. Included in the County’s current CIP for fiscal years 2019‐2023
are approximately $354.3 million in water and wastewater projects, $300.4 million in
transportation projects, $64.4 million in stormwater projects and $118.2 million in government
facilities projects. In addition, parks and recreation projects of approximately $53.7 million are
planned, as well as $61.9 million for tourist development funded projects, $33.9 million in solid
waste projects, $50.7 million in public safety projects and miscellaneous projects totaling $15.3
million. Approximately $368.5 million of the fiscal year 2019 – 2023 Capital Improvement
Program is currently planned to be funded by bond or loan proceeds. In addition, the County has
developed a Master Mobility Plan (MMP) to address the transportation mobility needs of Collier
County. The MMP is specifically focused on demand management and coordination to reduce
the need for transportation infrastructure.
RELEVANT FINANCIAL POLICIES
Relevant financial policies include the appropriation of carryforward as revenue in the following
year, maintaining a recommended General Fund unassigned fund balance of between 8% and
16% of actual expenditures and net operating transfers, the assessment of impact fees at such
levels as allowed by law and supported by studies, and prioritizing gas taxes for payment of debt
service on the Series 2012 and 2014 Gas Tax Revenue and Refunding Bonds.
Debt administration policies include the limitation of the debt repayment period to the useful
life of the underlying assets and the establishment of a 5% benchmark for net present value
savings generated by refinancing. The Collier County Debt Management Policy provides that a
smaller net present value savings may be considered on a case‐by‐case basis. In addition, the
debt policy establishes a maximum ratio of total general governmental debt service to bondable
revenues from current sources of 13%.
Consistent with Collier County’s Debt Management Policy, outstanding debt is continually
monitored in relation to existing conditions in the debt market. When sufficient cost savings can
be realized debt will be refinanced. During fiscal year 2018, Collier County partially refunded its
Series 2010 Special Obligation Revenue Bonds. This refinancing achieved a net present value
savings of over 5% and is described in more detail in Note 6 to the financial statements.
The Clerk of the Circuit Court’s Finance and Accounting Department monitors the daily cash
needs of the County and invests the County’s funds in accordance with the Collier County
Investment Policy. The primary objective of the investment policy is the preservation of capital
and the protection of investment principal. Authorized investments include certificates of
iv
deposit, the Local Government Funds Surplus Trust Fund (Florida PRIME), U.S. treasury securities,
U.S. agency securities, commercial paper and bankers’ acceptances. The par weighted average
maturity of the total managed portfolio, to first call or maturity, was .85 years as of September
30, 2018. The total return for fiscal year 2018 was 1.07%, a reflection of overall market interest
rate increases in fiscal year 2018. Changes in the fair value of investments are recorded as part
of interest income in the financial statements.
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 (CAFR) for the fiscal year ended September 30, 2017.
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 thirty‐two years, from fiscal year 1986 to 2017. We believe our current
report conforms to the Certificate of Achievement program requirements, and we are submitting
it to the GFOA for consideration for an award again this year.
Distinguished Budget Presentation Awards:
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, 2017. 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 thirty‐
two consecutive years.
The Government Finance Officers Association of the United States and Canada presented an
award for Distinguished Presentation to the Office of the Collier County Clerk of the Circuit Court
and Comptroller for its annual budget for the fiscal year beginning October 1, 2017. 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. The
Clerk’s Office has received this award for the last sixteen consecutive years.
v
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 Edith Manuel, Finance Manager, Leslie Miller, Operations Manager, Raymond
Milum, Jr., Accounting Manager and all of the staff of the Finance and Accounting Department.
Sincere appreciation is also exp ressed to CliftonLarsonAllen, the Board of County Commissioners,
the Constitutional Officers, the County Manager, Department Heads and the Division 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 to contact
Derek M. Johnssen, Director of Finance and Accounting, at (239) 252‐7863.
Respectfully,
Crystal K. Kinzel
Clerk of the Circuit Court and Comptroller
Derek M. Johnssen, CPA
Deputy Clerk
Director of Finance and Accounting
Kelly Jones, CGFO
Deputy Clerk
Assistant Director of Finance and Accounting
Certificate of Achievement for Excellence in Financial Reporting
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, 2017. This
was the thirty-second 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.
Board of County Commissioners
Phone 252-8097
Donna Fiala
William L. McDaniel, Jr.
Burt Saunders
Andy Solis
Penny Taylor
Jeff Klatzkow
County Attorney
Phone 252-8400
Leo Ochs, Jr.
County Manager
Phone 252-8383
Corporate Business Operations
Sean Callahan, Director
Phone 252-8383
Pelican Bay Services
Neil Dorrill,
Director
Phone 597-1749
Bureau of Emergency Services
Communications & Customer Relations
Fleet Management
Human Resources
Information Technology
Procurement Services
Records Management
Risk Management
CITIZENS
Abe Skinner
Property Appraiser
252-8141
Larry Ray
Tax Collector
252-8171
Kevin Rambosk
Sheriff
252-4434
Crystal K. Kinzel
Clerk of Courts
252-2646
Jennifer Edwards
Supervisor of Elections
252-8450
Judicial
Courts & Judges
252-8800
Administrative Services Department
Len Golden Price,
Department Head
Phone 252-3646
Domestic Animal Services
Community and Human Services
Health
Library
Museum
Operations and Veterans Services
Parks & Recreation
Public Transit & Neighborhood
Enhancement
University Extension Service
Public Services Department
Steve Carnell,
Department Head
Phone 252-8468
Building Plan Review &Inspection
Capital Project Planning, Impact Fees &
Program Management
Code Enforcement
Development Review
Operations & Regulatory Management
Operations Support
Road Maintenance
Transportation Engineering
Zoning
Growth Management Department
Thaddeus Cohen,
Department Head
Phone 252-2370
Facilities Management
Operation Support
Engineering & Project Management
Solid & Hazardous Waste
Wastewater
Water
Public Utilities Department
G. George Yilmaz,
Department Head
Phone 252-2540
Tourism
Jack Wert,
Director
Phone 252-2384
Community
Redevelopment Areas
Debrah Forester, Director
Phone 643-1115
Economic & Business
Development
Jace Kentner,Director
Phone 252-8358
Corporate Financial &
Management Services
Mark Isackson, Director
Phone 252-8383
Mark Strain
Chief Hearing Examiner
Phone 252-4446
Nick Casalanguida
Deputy County Manager
Phone 252-8383
Michael Nieman
Corporate Compliance and Internal
Review Manager
Phone 252-8383
FINANCIAL SECTION
THIS PAGE INTENTIONALLY LEFT BLANK
INDEPENDENT AUDITORS’ REPORT
Honorable Board of County Commissioners
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-
type activities, the aggregate discretely presented component units, each major fund, and the
aggregate remaining fund information of Collier County, Florida (County), as of and for the year ended
September 30, 2018, and the related notes to the financial statements, which collectively comprise the
entity’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud
or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Honorable Board of County Commissioners
Collier County, Florida
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the aggregate
discretely presented component units, each major fund, and the aggregate remaining fund information
of the County as of September 30, 2018, and the respective changes in financial position and, where
applicable, cash flows thereof, and the respective budgetary comparison for the General Fund, the
Bayshore Gateway Redevelopment Agency special revenue fund, and the Immokalee Redevelopment
Agency special revenue fund for the year then ended in accordance with accounting principles
generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that management’s
discussion and analysis (MD&A) on pages 4 - 15, the schedules of the county’s proportionate share of
the net pension liability and of county contributions on pages 84 and 85, and the schedules of other
postemployment benefits total OPEB liability and related ratios for the retiree health plans on page 86
be presented to supplement the basic financial statements. Such information, although not a part of the
basic financial statements, is required by the Governmental Accounting Standards Board who
considers it to be an essential part of financial reporting for placing the basic financial statements in an
appropriate operational, economic, or historical context. We have applied certain limited procedures to
the required supplementary information in accordance with auditing standards generally accepted in
the United States of America, which consisted of inquiries of management about the methods of
preparing the information and comparing the information for consistency with management’s responses
to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the
basic financial statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an opinion or
provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the County’s basic financial statements. The combining and individual nonmajor
fund financial statements and other supplemental information, as listed in the table of contents, are
presented for purposes of additional analysis and are not a required part of the basic financial
statements. The schedule of expenditures of federal awards and state financial assistance, as required
by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards and Chapter 10.550, Local Governmental Entity
Audits, Rules of the Auditor General of the State of Florida, is also presented for purposes of additional
analysis and is not a required part of the basic financial statements.
2
Honorable Board of County Commissioners
Collier County, Florida
Other Matters (Continued)
Other Information (Continued)
The combining and individual nonmajor fund financial statements and other supplemental information
and the schedule of expenditures of federal awards and state financial assistance are the responsibility
of management and were derived from and relate directly to the underlying accounting and other
records used to prepare the basic financial statements. Such information has been subjected to the
auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting
and other records used to prepare the basic financial statements or to the basic financial statements
themselves, and other additional procedures in accordance with auditing standards generally accepted
in the United States of America. In our opinion, the information is fairly stated, in all material respects,
in relation to the basic financial statements as a whole.
The introductory section and the statistical section have not been subjected to the auditing procedures
applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or
provide any assurance on it.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated February 15,
2019, on our consideration of the County's internal control over financial reporting and on our tests of
its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is solely to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on the
effectiveness of the County’s internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government Auditing Standards in considering
the County’s internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
February 15, 2019
3
MANAGEMENT’S DISCUSSION AND ANALYSIS
(UNAUDITED)
As Clerk of the Circuit Court and Comptroller 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, 2018. 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‐v of this report.
Financial Highlights
Collier County’s assets and deferred outflows exceeded its liabilities and deferred inflows as of September
30, 2018 by $2,558,340,147. Of this amount, $113,870,089 represents unrestricted net position and may
be used to meet future County obligations. Unrestricted net position decreased by $30,720,662 from the
previous year.
The County’s total net position increased by $44,611,546 when compared to fiscal year 2017, with a
$49,305,713 increase from governmental activities and a $4,694,167 decrease resulting from business‐
type activities.
As of September 30, 2018, Collier County’s governmental fund financial statements showed combined
ending fund balances of $500,349,542, an increase of $40,707,208 over the previous fiscal year. Of the
total combined ending governmental fund balance, $77,091,330 is reported as unassigned.
The General Fund reported an unassigned fund balance of $77,341,766 at September 30, 2018, an
increase in unassigned General Fund balance of $22,536,663 when compared to September 30, 2017.
Total bonded debt, notes, outstanding loans and capital leases owed by Collier County increased by
$10,705,394 during fiscal year 2018, with a decrease in governmental activities debt of $9,211,190 and
an increase in the business‐type activities debt of $19,916,584. In December of 2017, the County issued
the Series 2017 Special Obligation Refunding Revenue Note to current refund the District’s outstanding
Special Obligation Revenue Bonds, Series 2010. In February 2018, the County Water and Sewer District
issued the Series 2018 Collier County Water and Sewer Revenue Bond to acquire the Golden Gate Utility
System. In April 2018, the County issued a $12,000,000 commercial paper loan to acquire land for the
County’s regional tournament caliber sports complex. Additional information on debt activity can be
found in Note 6 to the financial statements beginning on page 55.
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. Collier County’s basic financial statements include government‐wide and fund financial statements, as well as
notes to the basic financial statements.
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 comprised of a Statement of Net Position and a
Statement of Activities and are found on pages 16 to 19 of this report.
The Statement of Net Position shows the financial position of Collier County as of September 30, 2018. The statement shows
the County’s assets plus deferred outflows of resources less its liabilities plus deferred inflows of resources, with the
difference being reported as net position. Changes in net position are useful indicators of financial condition.
4
The Statement of Activities follows the Statement of Net Position and reports the changes in net position over the fiscal
period. All changes in net position are reported as soon as the underlying events that gave rise to the change occur,
regardless of the timing of the related cash flows. Thus, reve nues and expenses are reported for some items, such as accounts
receivable, notes 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.
Governmental 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, transit 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 20 to 28, account for substantially the same functions as governmental activities
reported under the government‐wide Statement of Net Position 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 three major funds, the General Fund and
the Bayshore Gateway and Immokalee Community Redevelopment Agencies. 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.
Collier County adopts an annual budget as described in Note 1 to the financial statements. A budgetary comparison
statement has been provided for the General Fund and each major special revenue fund to demonstrate compliance with
this budget. Budgetary comparison schedules for any non‐major governmental fund required to adopt an annual budget is
presented in the combining statements presented elsewhere in this report.
Proprietary funds
Collier County maintains two different types of proprietary funds, enterprise and internal service, which are reflected on
pages 29 to 33 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, transit and the airport authority.
The Collier County Water and Sewer District Fund, the Solid Waste Disposal Fund and the Emergency Medical Services Fund
are presented individually as major funds.
5
Internal service funds are primarily maintained to allocate and accumulate costs internally for Collier County. The County
uses internal service funds to account for health insurance, worker’s compensation insurance, property and casualty
insurance, fleet operations and information technology. 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 on page 34 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 35 to 82 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 o n page 89. This section contains combining balance sheets
and statements of revenues, expenditures and changes in fund balance for governmental funds, including budgetary
comparisons, and combining statements of net position and statements of revenues, expenses and changes in fund net
position for enterprise funds. Also included are combining financial statements for internal service and agency funds.
Additional information about the County, which may be of intere st to the reader, can be found under the Statistical and Single
Audit sections of this report. The statistical section has been prepared in accordance with Governmental Accounting
Standards Board Statement No. 44, Economic Condition Reporting: The Statistical Section. This section contains data
regarding financial trends, revenue capacity, debt capacity, demographic and economic conditions and operating indicators
of the County. The Single Audit grants compliance section lists the expenditures of Federal Awards and State Financial
Assistance during the fiscal year and presents grant compliance information as well as auditor reports.
Government‐Wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. Assets and
deferred outflows exceeded liabilities and deferred inflows by $2,558,340,147 as of the fiscal year ending September 30,
2018 for Collier County. Positive balances were reported in all categories of net position in the governmental and business‐
type activities for fiscal year 2018 with the exception of a negative unrestricted net position for governmental activities. The
negative unrestricted net position for governmental activities is primarily a result of reporting the long‐term net pension
liability associated with the County and should not be considered, solely, as evidence of financial difficulties.
Collier County’s net position at September 30, 2018 decreased by $30,720,662 for unrestricted net position and increased
$24,485,648 for restricted net position. Restricted net position consists of resources subject to external restriction on how
they may be used while unrestricted net position may be used to meet the County’s ongoing obligations. Increases in
restricted net position were mainly due to a 9.5% increase in restricted net position related to growth related capital
expansion.
6
Collier County’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 asset, amounts to 80.1% of net position as of September 30, 2018,
compared to 79.5% as of September 30, 2017. During fiscal yea r 2018, the County’s net investment in capital assets increased
by $50,846,560. Capital assets are used to provide services to the citizens and consequently do not represent spendable
resources and cannot be used to liquidate the debt incurred to purchase or construct capital assets.
The following are Collier County’s net position and changes in net position for the fiscal years ended September 30, 2017 and
2018, shown in condensed form:
2018 2017 2018 2017 2018 2017 2017‐2018
Current and other assets 626.8$ 572.0$ 233.4$ 261.8$ 860.2$ 833.8$ 3.2%
Capital assets, net 1,589.0 1,574.6 955.9 912.5 2,544.9 2,487.1 2.3%
Total assets 2,215.8 2,146.6 1,189.3 1,174.3 3,405.1 3,320.9 2.5%
Deferred outflows
of resources 123.4 121.6 26.3 26.3 149.7 147.9 1.2%
Long‐term liabilities 591.3 591.5 230.8 210.7 822.1 802.2 2.5%
Current liabilities 102.5 92.5 41.6 44.5 144.1 137.0 5.2%
Total liabilities 693.8 684.0 272.4 255.2 966.2 939.2 2.9%
Deferred inflows
of resources 25.5 13.6 4.8 2.3 30.3 15.9 89.3%
Net position:
Net investment in
capital assets 1,287.2 1,257.7 763.2 741.9 2,050.4 1,999.6 2.5%
Restricted 362.0 336.9 32.0 32.6 394.0 369.5 6.6%
Unrestricted (deficit)(29.3) (24.0) 143.2 168.6 113.9 144.6 (21.2%)
Total net position 1,619.9$ 1,570.6$ 938.4$ 943.1$ 2,558.3$ 2,513.7$ 1.8%
Collier County's Schedule of Net Position
(in millions)
Total Governmental Activities
Business‐type
Activities
Total
Percentage
Change
7
2018 2017 2018 2017 2018 2017 2017‐2018
Revenues
Program revenues:
Fines, fees and charges for services 78.0$ 69.3$ 214.1$ 197.1$ 292.1$ 266.4$ 9.6%
Operating grants and contributions 29.6 26.6 16.4 5.0 46.0 31.6 45.6%
Capital grants and contributions 47.6 38.1 38.7 27.0 86.3 65.1 32.6%
General revenues:
Property taxes 337.4 312.6 ‐ ‐ 337.4 312.6 7.9%
Other taxes and shared revenues 114.3 104.6 ‐ ‐ 114.3 104.6 9.3%
Interest income 6.9 3.6 2.6 1.4 9.5 5.0 90.0%
Miscellaneous 18.1 9.7 8.4 0.1 26.5 9.8 170.4%
Total revenues 631.9 564.5 280.2 230.6 912.1 795.1 14.7%
Expenses
General government 126.9 108.4 ‐ ‐ 126.9 108.4 17.1%
Public safety 223.2 225.3 ‐ ‐ 223.2 225.3 (0.9%)
Physical environment 37.8 17.9 ‐ ‐ 37.8 17.9 111.2%
Transportation 83.4 75.6 ‐ ‐ 83.4 75.6 10.3%
Economic environment 10.4 8.5 ‐ ‐ 10.4 8.5 22.4%
Human services 16.6 15.5 ‐ ‐ 16.6 15.5 7.1%
Culture and recreation 58.1 51.9 ‐ ‐ 58.1 51.9 11.9%
Interest on long‐term debt 9.7 11.3 ‐ ‐ 9.7 11.3 (14.2%)
Water and sewer ‐ ‐ 144.1 144.8 144.1 144.8 (0.5%)
Solid waste ‐ ‐ 106.8 43.7 106.8 43.7 144.4%
Emergency medical services ‐ ‐ 32.3 28.6 32.3 28.6 12.9%
Airport authority ‐ ‐ 5.5 4.9 5.5 4.9 12.2%
Mass transit ‐ ‐ 12.7 11.4 12.7 11.4 11.4%
Total expenses 566.1 514.4 301.4 233.4 867.5 747.8 16.0%
Increase (decrease) in net
position before net transfers 65.8 50.1 (21.2) (2.8) 44.6 47.3 (5.7%)
Transfers, net (16.5) (14.8) 16.5 14.8 ‐ ‐ ‐
Change in net position 49.3 35.3 (4.7) 12.0 44.6 47.3 (5.7%)
Net position – beginning 1,570.6 1,556.0 943.1 928.1 2,513.7 2,484.1 1.2%
Restatement of net position, net ‐ (20.7) ‐ 3.0 ‐ (17.7) (100%)
Net position – ending 1,619.9$ 1,570.6$ 938.4$ 943.1$ 2,558.3$ 2,513.7$ 1.8%
Total
Collier County's Schedule of Changes in Net Position
(in millions)
Governmental Activities Business‐type Activities
Total
Percentage
Change
8
Expenses and revenues, in the form of fees, fines, grants and contributions, for governmental activities are shown graphically
by function. General revenues, such as property taxes, must be used to the extent that the fee, fines, grants and contributions
do not cover the cost of the governmental function. Public safety is the largest category of expenses followed by general
government.
‐
50
100
150
200
250
General
Government
Public Safety Physical
Environment
Transportation Economic
Environment
Human Services Culture and
RecreationMillionsRevenues and Expenses
Governmental Activities
Fiscal Year 2018
Revenues Expenses
Revenues for governmental activities are shown graphically by type. The largest type of revenue for governmental activities
is property taxes followed by fines, fees and charges for services.
Property Taxes
53%
Fines, Fees and Charges
for Services
12%
Operating Grants and
Contributions
5%
Capital Grants and
Contributions
8%
Gas Taxes
4%
Sales Taxes
7%
Tourist Taxes
4%
Other Income
7%
Revenue by Type
Governmental Activities
Fiscal Year 2018
9
Revenues and expenses are shown by business‐type activity. The Water and Sewer system is the largest business‐type activity
followed by the Solid Waste system.
‐
20
40
60
80
100
120
140
160
180
200
Water and Sewer Solid Waste Emergency Medical
Services
Airport Authority Mass TransitMillionsRevenues and Expenses
Business‐type Activities
Fiscal Year 2018
Revenues Expenses
Revenues for business‐type activities are shown graphically by type. The largest type of revenue is fines, fees and charges
for services followed by capital grants and contributions.
Fines, Fees and Charges
for Services
76%
Operating Grants and
Contributions
6%
Capital Grants and
Contributions
14%
Other Income
4%
Revenue by Type
Business‐type Activities
Fiscal Year 2018
10
Governmental Activities
The current year increase in the net position of governmental activities amounted to $49,307,188, an increase of 3.1% when
compared to the previous year’s net position. The previous fiscal years’ increase in net position was 2.3%. The current years’
increase is mainly due to the following:
Overall, revenues related to governmental activities increased by 11.9%, or $67,353,008 while expenses
increased by 10.0%, or $51,664,218.
Governmental activities revenues increased primarily due to an increase in total ad valorem taxes
collected in fiscal year 2018 of $24,814,551 when compared to fiscal year 2017. The increase in ad valorem
revenues was due to an 8.4% increase in county wide taxable value. In addition, Sales Tax and Gas Tax
collections increased a combined 5.1% over fiscal year 2017, or $3,243,896.
Governmental activities expenses increased significantly due to hurricane related repairs. General
government expense increased $18,531,640 primarily due to Hurricane Irma. Physical environment
expenses increased $19,948,777 related to Hurricane Irma, including a $5,191,707 waterway debris
cleanup effort. Transportation expenses increased $7,796,897 due to both Hurricane Irma as well as a
$1,608,759 increase in depreciation expense as a result of capitalizing $48,712,267 in various road and
bridge projects during the year. Culture and recreation also experienced an increase in expenditures of
$6,152,425 due to the hurricane.
Business‐type Activities
The decrease in net position related to business‐type activities amounted to $4,694,167 in the aggregate, representing a 0.5%
decrease over the previous year’s net position. The previous fiscal year’s increase in net position was 1.3%. The current
year’s decrease is mainly due to the following:
Collier County Water and Sewer District (District) saw an increase of $39,566,463 in net position. The
increase in the District’s net position is largely due to a 2.9% rate increase that went in to effect October
1, 2017 as well as an increase in the number of active customers brought on by new construction and the
acquisition of the Golden Gate Utility system. In addition, water and sewer capital grants and
contributions increased by 37.9%, largely due to increases in developer infrastructure contributions.
Solid Waste Disposal experienced a decrease in net position of $44,150,971. This decrease is primarily
due to a $58,552,728 increase in operating expenses related to Hurricane Irma debris removal. This was
offset by a $5,349,598 increase in charges for services due to a rate increase of approximately 9.0% for
residential assessment fees and a 2.9% increase in tipping fees.
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 information on near term inflows, outflows and balances of spendable resources. Unassigned
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, Permanent Fund, Debt Service Funds and Capital Project Funds.
As of September 30, 2018, Collier County governmental funds reported combined fund balances of $500,349,542, an increase
of $40,707,208 when compared to prior year combined fund balances. The governmental funds had non‐spendable fund
balances of $10,779,220 consisting of inventory, prepaid items, notes receivable and advances to other funds. The restricted
fund balance was $354,820,430 and consists of monies whose expenditure is externally constrained by grantors, creditors,
binding law or enabling legislation. Of the remaining $134,749,892 in fund balance, $34,792,876 is classified as committed,
$22,865,686 is recorded as assigned and $77,091,330 is recorded as unassigned.
11
The following were noteworthy activities and changes relating to the major governmental funds for fiscal year 2018:
The General Fund is the primary operating fund of Collier County. At September 30, 2018, total fund
balance in the General Fund was $82,028,797, of which $77,341,766 was unassigned. As a percentage of
total general fund expenditures and net transfers, the unassigned portion is 21.9%. The total fund balance
increased by $19,799,346 or 31.8%, compared to the September 30, 2017 total fund balance.
The Bayshore Gateway Community Redevelopment Agency was created to benefit blighted areas in the
Bayshore Gateway Triangle. During fiscal year 2018, the Bayshore Gateway Community Redevelopment
Agency collected $1,562,600 in tax increment revenues and was reimbursed $526,632 for fire suppression
system improvements. In addition, the agency received $131,192 in miscellaneous revenues for rents.
Operating expenditures of $1,168,361, mainly personal services and the fire suppression improvements,
were associated with the Bayshore Gateway Triangle Community Redevelopment Agency. In addition,
capital expenditures of $379,882 were made for stormwater improvements.
The Immokalee Community Redevelopment Agency was created to benefit blighted areas in Immokalee.
During fiscal year 2018, the Immokalee Community Redevelopment Agency collected $628,800 in tax
increment revenues. Operating expenditures of $347,941, mainly personal services, were associated with
the Immokalee Community Redevelopment Agency. In addition, capital expenditures of $662,255 were
made for computer equipment and sidewalk projects in the district.
Proprietary Funds
Proprietary fund statements provide the same information as the business‐type activities in the government‐wide financial
statements, but in greater detail, and on a fund basis for enterprise funds.
At September 30, 2018, total net position amounted to $939,595,210 for enterprise funds, as compared to $941,459,899, as
of September 30, 2017, a decrease of $1,864,689. Net position changes as a result of operations, non‐operating revenues
and expenses, capital contributions and grants and donations. The Collier County Water and Sewer District’s activities
represent the largest share of the increase in the business‐type net position.
For the year ended September 30, 2018, the Collier County Water and Sewer District (District) reported capital grants and
contributions of $33,751,741, which consists of water and sewer impact fees of $14,087,562, $19,350,530 in developer
infrastructure contributions and other capital contributions of $313,649.
2018 2017
County Water and Sewer 9,585,177$ (6,160,677)$
Solid Waste Disposal (55,790,046) 1,064,295
Emergency Medical Services (18,835,777) (16,629,468)
Non‐major enterprise funds (12,838,906) (11,314,788)
Total (77,879,552)$ (33,040,638)$
Net Operating Income/(Loss)
The Collier County Water and Sewer District’s net operating income increased by $15,745,854 when compared to fiscal year
2017. The increase in net operating income was primarily the r esult of a 2.9% rate increase effective October 2017 in addition
to a 3.6% decrease in total operating expenses, including depreciation and amortization. The District also added 3,713
customers with the acquisition of the Golden Gate Utility system in March 2018. County Water and Sewer payments in lieu
of taxes paid to the General Fund of $6,482,800 were reclassified from operating expense to transfers in for financial
statement purposes. These payments are reclassified pursuant to generally accepted accounting principles as the amount
charged is not an approximation of services rendered.
The Solid Waste Disposal fund’s net operating income decreased by $56,854,341 when compared to fiscal year 2017. The
decrease in net operating income was primarily the result of a 140.7% increase in total operating expenses, including
12
depreciation and amortization. Of this increase in operating expenses, $58,552,728 was related to Hurricane Irma debris
removal. The Solid Waste Disposal payments in lieu of taxes paid to the General Fund of $320,300 were reclassified from
operating expense to transfers in for financial statement purposes. These payments are reclassified pursuant to generally
accepted accounting principles as the amount charged is not an approximation of services rendered.
The Emergency Medical Services fund’s net operating income decreased by $2,206,309 when compared to fiscal year 2017.
The decrease in net operating income was the result of an 11.4% increase in total operating costs, coupled with a $1,024,667
increase in charges for services. Operating expenses increased mainly due to increased personal services costs, including
pension expense. Charges for services increased due to an increase in the collection efforts on receivables.
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 $2,544,943,669, net of accumulated depreciation. This investment in capital assets,
both purchased and donated, includes land, buildings and improvements, water and wastewater plants, machinery and
equipment, parks, roads, beach renourishment and drainage structures. Investment in capital assets for the current fiscal
year, net of depreciation, increased by $57,886,738 when compared to the previous year. There was an increase in the
governmental activities net capital assets of $14,475,849, or .9%, while the business‐type activities capital assets increased
by $43,410,889, or 4.8%. The major capital asset activities during the current and previous fiscal years are as follows:
Capitalization as construction in process of $46,302,699 for governmental activity related costs including
$2,041,532 related to county wide 800 MHz system upgrades, $6,169,699 for the Eagle Lakes Community
Pool, $3,232,092 to convert the North Collier Regional Park facilities to artificial turf and $7,481,113 for
various bridge improvement projects. The remaining $27,378,263 is related to $12,098,925 in other
transportation projects, $5,213,457 in other physical environment projects, $6,533,991 in culture and
recreation projects and $3,531,890 in other capital projects.
The business‐type activities capitalized $43,832,879 of construction in process during fiscal year 2018
including $2,933,428 for utility force main transmission system improvements, $8,584,792 for master
pump systems improvements, $4,985,563 for Vanderbilt Drive utility improvements and $5,026,945 for
Naples Park basin improvements. In addition, $5,992,247 was related to the Solid Waste Northeast
recycling drop‐off center, $1,019,696 for the Marco Airport Apron and Terminal Upgrades and $1,018,376
for the Immokalee Airport Taxiway improvements. The remaining $14,271,832 was made up of
$10,765,382 in other County Water and Sewer projects, $938,342 in other solid waste projects and
$2,568,108 in various Mass Transit projects.
During fiscal year 2018, the County Water and Sewer District acquired the Golden Gate Utility. As a result
of this acquisition, water and wastewater utility non‐depreciable assets of $4,868,672 and depreciable
capital assets of $24,409,284 were recorded in the business‐type activities.
Developer donated water and wastewater infrastructure in fiscal year 2018 amounted to $19,350,530 and
$11,641,549 in fiscal year 2017. Subdivisions are required to meet County standards when installing water
and wastewater services. Once completed, these assets are donated to and accepted by the County.
Total purchases of land and non‐depreciable assets were $16,579,584 for fiscal year 2018, compared to
$3,191,231 for fiscal year 2017. Fiscal year 2018 land purchases were primarily related to the acquisition
of land for the amateur sports complex and various transportation projects.
Additional information regarding Collier County’s capital assets can be found in Note 5 beginning on page 54 of this report.
13
Debt Administration
At September 30, 2018, Collier County had total bonded debt, notes, loans and capital leases, of $493,453,831, an increase
of $10,705,394 from the previous year. The following table illustrates the balances of all bonds, notes, loans and capital
leases for the fiscal years ended September 30, 2018 and 2017:
2018 2017
Limited General Obligation Bonds 2,037,028$ 2,499,190$
Revenue Bonds 396,199,714 386,477,952
Notes and Loans Payable 94,459,755 92,590,646
Capital Leases 757,334 1,180,649
Total 493,453,831$ 482,748,437$
Outstanding Debt
On December 28, 2017, Collier County issued the Series 2017 Special Obligation Refunding Revenue Note (Bank Term Loan)
in the par amount of $43,713,000. These bonds were issued for the purpose of advance refunding portions of the County’s
outstanding Special Obligation Revenue Bonds, Series 2010.
On February 28, 2018 the Series 2018 Collier County Water and Sewer Revenue Bond (Bank Term Loan) was issued in the par
amount of $35,965,000 for purposes of acquiring the Golden Gate Utility System and paying associated costs of issuance.
Effective as of the transfer date the Golden Gate Utility System was included in the Collier County Water‐Sewer District service
area.
On April 30, 2018, Collier County issued a $12,000,000 commercial paper loan through the Florida Local Government Finance
Commission’s Pooled Commercial Paper Program. The loan was issued for purposes of acquiring land for the construction of
the County’s regional tournament caliber amateur sports complex.
Collier County’s Special Obligation Revenue Bonds carry ratings of Aa2, AAA and AA by Moody’s, Standard and Poor’s and
Fitch Ratings, Inc., respectively. The Series 2017 Special Obligation Refunding Revenue Note (Bank Term Loan) was issued as
a direct placement with a commercial bank and therefore carries an implied rating of Aa2, AAA and AA by Moody’s, Standard
and Poor’s and Fitch Ratings, Inc., respectively. The County’s Series 2012 Gas Tax Revenue Bonds carry ratings of A2, A+ and
AA‐ by Moody’s, Standard and Poor’s and Fitch Ratings, Inc., respectively. The Series 2014 Gas Tax Revenue Bond (Bank Term
Loan) was issued as a direct placement with a commercial bank and therefore carries an implied rating of A2, A+ and AA‐ by
Moody’s, Standard and Poor’s and Fitch Ratings, Inc., respectively. Collier County’s Water and Sewer Revenue Bonds carry
ratings of Aa1 and AAA, respectively, by Moody’s and Fitch Ratings, Inc. The Series 2013, 2015 and 2018 County Water and
Sewer Revenue Bonds issued as direct placements with commercial banks and, as such, carry an implied rating of Aa1 and
AAA by Moody’s and Fitch Ratings, Inc., respectively.
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 55 of this report.
General Fund Budgetary Highlights
During the current fiscal year, the General Fund expenditure appropriations increased by $3,912,600. Significant variances
between the original budget and the final amended budget are listed below:
$395,654 decrease in other general administrative operating to provide funding in other areas for
computer purchases and debt service payments.
$290,000 decrease in facilities management personal services and a $1,181,550 increase in facilities
management operating for a preventative maintenance initiative in addition to hurricane Irma repairs.
$1,733,000 increase in Sheriff’s personal services related to special detail duties and $396,217 in Sheriff’s
operating to provide funds for education and training programs.
14
$546,988 increase in Emergency Management Administration operating due to hurricane Irma and
unplanned computer purchases.
$412,350 increase in Mental Health operating due to re‐budgeting of lapsed appropriations from the
previous fiscal year.
Significant variances between actual results and final budget amounts in the General Fund occurred during fiscal year 2018.
Tax revenues were under budget by $10,653,664 primarily due to the early payment discount allowed for property taxes.
The discount ranges from a maximum 4% to 1%, depending on the date of payment. Intergovernmental revenues were
$12,613,629 over the amount budgeted primarily due to an increase in the amount of state revenue sharing and sales tax.
Economic Factors and Year 2019 Budgets and Rates
The following factors were taken into account in preparing the fiscal year 2019 budget:
A 6% increase in countywide taxable property values.
Millage neutral General Fund tax rate.
Expected year on year increases in sales tax and state shared revenues of 2.6% and 10%, respectively.
A 2.9% general wage adjustment along with a .6% market based pay plan maintenance component.
Maintain health care program contributions at 80% employer and 20% employee across all agencies
(excluding Sheriff and Tax Collector).
During fiscal year 2018, the General Fund unassigned fund balance increased by $22,536,663 to $77,341,766. As of January
24, 2019, $60,057,613 of the fiscal year 2018 unassigned fund balance has been appropriated as carryforward for fiscal year
2018, with $42,510,470 budgeted in reserves.
Contact Information
This financial report is intended to give the user a general overview of Collier County Government’s finances. Any questions
resulting from review of this information may be addressed to:
Collier County Clerk of the Circuit Court
Department of Finance and Accounting
3299 Tamiami Trail East, Suite #403
Naples, Florida 34112‐5746
Our office may also be contacted via the internet at www.collierclerk.com.
15
Governmental Business‐type Component
Activities Activities Total Units
ASSETS
Current assets:
Cash and investments 221,357,576$ 169,362,166$ 390,719,742$ 264,511$
Cash with fiscal agent 11,790,009 ‐ 11,790,009 ‐
Trade receivables, net 835,923 16,331,512 17,167,435 ‐
Impact fee receivable 219,543 ‐ 219,543 ‐
Special assessments receivable ‐ 98,376 98,376 ‐
Interest receivable 474,085 474,744 948,829 ‐
Due from other governments 9,462,459 2,620,114 12,082,573 ‐
Internal balances 842,181 (842,181) ‐ ‐
Deposits 6,253 2,000 8,253 ‐
Inventory 1,711,494 6,510,267 8,221,761 ‐
Prepaid costs 89,881 22,643 112,524 ‐
Restricted assets:
Cash and investments 22,956,540 5,692,736 28,649,276 ‐
Trade receivables, net 1,334,413 9,066 1,343,479 ‐
Notes receivable 54,612 ‐ 54,612 ‐
Interest receivable 702,544 43,512 746,056 ‐
Due from other governments 9,183,678 3,326,267 12,509,945 ‐
Deposits 1,875 ‐ 1,875 ‐
Inventory for resale 9,796,692 ‐ 9,796,692 ‐
Total current assets 290,819,758 203,651,222 494,470,980 264,511
Noncurrent assets:
Restricted assets:
Cash and investments 328,779,479 29,534,515 358,313,994 ‐
Notes receivable 375,672 ‐ 375,672 ‐
Impact fee receivable 5,228,917 ‐ 5,228,917 ‐
Special assessments receivable 1,405 252,855 254,260 ‐
Notes receivable 1,567,791 ‐ 1,567,791 ‐
Unamortized bond insurance 8,097 ‐ 8,097 ‐
Capital assets:
Land and non‐depreciable capital assets 481,003,646 104,292,241 585,295,887 ‐
Depreciable capital assets, net 1,108,054,211 851,593,571 1,959,647,782 ‐
Total noncurrent assets 1,925,019,218 985,673,182 2,910,692,400 ‐
Total assets 2,215,838,976 1,189,324,404 3,405,163,380 264,511
DEFERRED OUTFLOWS OF RESOURCES
Deferred charges on debt refundings 13,030,836 3,981,935 17,012,771 ‐
Deferred outflows of resources related to OPEB 2,048,462 ‐ 2,048,462 ‐
Deferred outflows of resources related to pensions 108,307,202 22,311,036 130,618,238 ‐
Total deferred outflows of resources 123,386,500$ 26,292,971$ 149,679,471$ ‐$
Primary Government
COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION
SEPTEMBER 30, 2018
The notes to the financial statements are an integral part of this statement.
16
Governmental Business‐type Component
Activities Activities Total Units
LIABILITIES
Current liabilities:
Accounts payable 17,941,498$ 15,709,906$ 33,651,404$ ‐$
Wages payable 9,007,016 1,879,270 10,886,286 ‐
Retainage payable 1,346,210 2,293,846 3,640,056 ‐
Due to other governments 3,389,287 10,592 3,399,879 ‐
Self‐insurance claims payable 8,111,260 ‐ 8,111,260 ‐
Compensated absences 9,993,806 2,521,534 12,515,340 ‐
Capital lease obligations 83,164 347,776 430,940 ‐
Notes payable 473,424 6,977,250 7,450,674 ‐
Unearned revenue 107,482 40,517 147,999 ‐
Net pension liability 1,609,089 299,194 1,908,283 ‐
Interest payable 4,241,749 ‐ 4,241,749 ‐
Bonds and loans payable 22,570,000 4,696,110 27,266,110 ‐
Liabilities payable from restricted assets:
Accounts payable 14,682,988 1,233,622 15,916,610 ‐
Wages payable 1,354,774 136 1,354,910 ‐
Retainage payable 1,811,119 16,269 1,827,388 ‐
Refundable deposits 879,839 130,592 1,010,431 ‐
Interest payable ‐ 1,229,810 1,229,810 ‐
Due to other governments 4,921,684 69,022 4,990,706 ‐
Unearned revenue ‐ 129,516 129,516 ‐
Notes payable ‐ 2,391,307 2,391,307 ‐
Bonds and loans payable ‐ 1,565,370 1,565,370 ‐
Total current liabilities 102,524,389 41,541,639 144,066,028 ‐
Noncurrent liabilities:
Self‐insurance claims payable 4,024,813 ‐ 4,024,813 ‐
Compensated absences 19,635,831 630,385 20,266,216 ‐
Capital lease obligations 153,269 173,125 326,394 ‐
Landfill post‐closure liability ‐ 1,750,180 1,750,180 ‐
Total OPEB liability 25,762,960 2,460,259 28,223,219 ‐
Net pension liability 259,987,593 53,511,635 313,499,228 ‐
Notes payable 4,141,774 68,576,000 72,717,774 ‐
Bonds and loans payable, net 277,556,473 103,748,789 381,305,262 ‐
Total noncurrent liabilities 591,262,713 230,850,373 822,113,086 ‐
Total liabilities 693,787,102 272,392,012 966,179,114 ‐
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 1,140,188 58,678 1,198,866 ‐
Deferred inflows of resources related to pensions 24,396,701 4,728,023 29,124,724 ‐
Total deferred inflows of resources 25,536,889 4,786,701 30,323,590 ‐
NET POSITION
Net investment in capital assets 1,287,184,579 763,258,712 2,050,443,291 ‐
Restricted for:
Growth related capital expansion 111,165,092 19,503,905 130,668,997 ‐
Transportation capital projects 46,721,315 ‐ 46,721,315 ‐
Community development 46,589,583 ‐ 46,589,583 ‐
Tourist development 71,202,163 ‐ 71,202,163 ‐
Conservation Collier 32,778,883 ‐ 32,778,883 ‐
Community redevelopment 12,067,560 ‐ 12,067,560 ‐
Grants 11,707,199 2,395,045 14,102,244 ‐
Debt service 4,985,475 9,782,838 14,768,313 ‐
Court programs 11,647,142 ‐ 11,647,142 ‐
Public safety 7,089,936 ‐ 7,089,936 ‐
Nonexpendable purposes ‐ other 1,582,800 ‐ 1,582,800 ‐
Special revenues ‐ other 4,507,831 ‐ 4,507,831 ‐
Renewal and replacement ‐ 300,000 300,000 ‐
Unrestricted (29,328,073) 143,198,162 113,870,089 264,511
Total net position 1,619,901,485$ 938,438,662$ 2,558,340,147$ 264,511$
Primary Government
17
Fees, Fines and Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
Primary Government:
Governmental Activities:
General government 126,919,917$ 37,703,116$ 1,678,021$ 3,087,390$
Public safety 223,177,415 28,039,804 8,200,112 4,316,622
Physical environment 37,841,630 668,861 5,495,873 26,954,238
Transportation 83,385,602 2,110,950 5,616,730 1,212,457
Economic environment 10,374,348 1,076,812 5,487,999 8,940
Human services 16,606,308 489,902 2,810,173 3,995
Culture and recreation 58,041,633 7,885,810 260,061 12,061,362
Interest and fiscal charges 9,736,602 ‐ ‐ ‐
Total governmental activities 566,083,455 77,975,255 29,548,969 47,645,004
Business‐type Activities:
Water and sewer 144,113,339 145,757,365 28,669 33,751,741
Solid waste 106,822,777 50,448,802 11,265,513 289,785
Emergency medical services 32,275,014 12,835,588 654,593 61,353
Airport authority 5,532,858 3,950,463 ‐ 1,861,193
Mass transit 12,679,380 1,128,953 4,477,478 2,706,382
Total business‐type activities 301,423,368 214,121,171 16,426,253 38,670,454
Total primary government 867,506,823 292,096,426 45,975,222 86,315,458
Component Units:
Industrial Development Authority 17,016$ 20,763$ ‐$ ‐$
Health Facilities Authority 2,687 55,438 ‐ ‐
Housing Finance Authority 3,547 ‐ ‐ ‐
Educational Facilities Authority 16,015 14,584 ‐ ‐
Total component units 39,265$ 90,785$ ‐$ ‐$
General revenues:
Property taxes
Gas taxes
Sales tax
Tourist taxes
Communications services tax
State revenue sharing
Other taxes
Interest income
Miscellaneous
Transfers, net
Total general revenues and transfers
Change in net position
Net position ‐ beginning
Net position ‐ ending
The notes to the financial statements are an integral part of this statement.
FUNCTIONS/PROGRAMS
COLLIER COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Program Revenues
18
Governmental Business‐type Component
Activities Activities Total Units
(84,451,390)$ ‐$ (84,451,390)$ ‐$
(182,620,877) ‐ (182,620,877) ‐
(4,722,658) ‐ (4,722,658) ‐
(74,445,465) ‐ (74,445,465) ‐
(3,800,597) ‐ (3,800,597) ‐
(13,302,238) ‐ (13,302,238) ‐
(37,834,400) ‐ (37,834,400) ‐
(9,736,602) ‐ (9,736,602) ‐
(410,914,227) ‐ (410,914,227) ‐
‐ 35,424,436 35,424,436 ‐
‐ (44,818,677) (44,818,677) ‐
‐ (18,723,480) (18,723,480) ‐
‐ 278,798 278,798 ‐
‐ (4,366,567) (4,366,567) ‐
‐ (32,205,490) (32,205,490) ‐
(410,914,227) (32,205,490) (443,119,717) ‐
3,747$
52,751
(3,547)
(1,431)
51,520$
337,447,141 ‐ 337,447,141 ‐
22,748,568 ‐ 22,748,568 ‐
44,092,859 ‐ 44,092,859 ‐
27,962,471 ‐ 27,962,471 ‐
4,498,036 ‐ 4,498,036 ‐
12,564,156 ‐ 12,564,156 ‐
2,416,475 ‐ 2,416,475 ‐
6,856,561 2,601,695 9,458,256 275
18,120,600 8,422,701 26,543,301 ‐
(16,486,927) 16,486,927 ‐ ‐
460,219,940 27,511,323 487,731,263 275
49,305,713 (4,694,167) 44,611,546 51,795
1,570,595,772 943,132,829 2,513,728,601 212,716
1,619,901,485$ 938,438,662$ 2,558,340,147$ 264,511$
Net (Expense) Revenue and Changes in Net Position
Primary Government
19
Bayshore Gateway Immokalee
Community Community Other Total
General Redevelopment Redevelopment Governmental Governmental
Fund Agency Agency Funds Funds
ASSETS
Cash and investments 91,426,674$ 2,142,613$ 712,670$ 414,210,757$ 508,492,714$
Cash with fiscal agent ‐ ‐ ‐ 11,790,009 11,790,009
Receivables:
Interest 179,024 5,085 1,558 846,821 1,032,488
Trade, net 560,909 ‐ ‐ 1,589,634 2,150,543
Notes 1,567,791 ‐ ‐ 430,284 1,998,075
Impact Fee ‐ ‐ ‐ 5,448,460 5,448,460
Special assessments ‐ ‐ ‐ 1,405 1,405
Due from other funds 639,087 ‐ ‐ 12,263,324 12,902,411
Due from other governments 8,713,412 8,270 13,755 9,607,884 18,343,321
Deposits 6,253 ‐ 625 1,250 8,128
Inventory for resale ‐ 9,566,959 ‐ 229,733 9,796,692
Inventory 453,582 ‐ ‐ 882,664 1,336,246
Advances to other funds 589,875 ‐ ‐ 5,658,893 6,248,768
Prepaid costs 33,215 ‐ ‐ 10,400 43,615
Total assets 104,169,822$ 11,722,927$ 728,608$ 462,971,518$ 579,592,875$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 8,175,631$ 49,273$ 9,574$ 23,119,824$ 31,354,302$
Wages payable 8,023,477 10,702 5,538 2,057,510 10,097,227
Due to other funds 1,743,049 63,735 67,116 11,909,113 13,783,013
Due to other governments 3,385,962 210 ‐ 4,924,764 8,310,936
Unearned revenues 400 ‐ ‐ 8,189 8,589
Refundable deposits 812,506 1,500 ‐ 65,833 879,839
Retainage payable ‐ ‐ ‐ 3,157,329 3,157,329
Advances from other funds ‐ ‐ 178,901 6,019,739 6,198,640
Total liabilities 22,141,025 125,420 261,129 51,262,301 73,789,875
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ 5,453,458 5,453,458
Fund balances:
Nonspendable 2,644,463 ‐ ‐ 8,134,757 10,779,220
Restricted 306,146 11,597,507 467,479 342,449,298 354,820,430
Committed ‐ ‐ ‐ 34,792,876 34,792,876
Assigned 1,736,422 ‐ ‐ 21,129,264 22,865,686
Unassigned 77,341,766 ‐ ‐ (250,436) 77,091,330
Total fund balances 82,028,797 11,597,507 467,479 406,255,759 500,349,542
Total liabilities, deferred inflows of
resources and fund balances 104,169,822$ 11,722,927$ 728,608$ 462,971,518$ 579,592,875$
The notes to the financial statements are an integral part of this statement.
COLLIER COUNTY, FLORIDA
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2018
20
500,349,542$
Land and other non‐depreciable assets 436,764,337$
Construction in progress 44,239,309
Depreciable assets, net of $1,011,957,391
in accumulated depreciation 1,088,907,646 1,569,911,292
8,097
5,453,458
Accrued interest on bonds (4,241,749)$
Bonds and notes payable (292,820,198)
Capital lease obligations (236,433)
Compensated absences (29,083,549)
Total OPEB liability (25,433,197)
Pension liability (256,265,828)
Unamortized premium (11,921,473) (620,002,427)
13,030,836
2,048,462
106,190,144
(1,132,324)
(23,918,546)
67,962,951
Total net position ‐ governmental activities 1,619,901,485$
The notes to the financial statements are an integral part of this statement.
OPEB deferred inflows
Fund balances ‐ total governmental funds
Capital assets used in governmental activities are not financial resources and therefore are
Internal service funds are used by the County to charge self‐insurance, fleet management, motor
pool capital recovery and information technology services to individual funds. The assets, deferred
outflows, liabilities and deferred inflows of the internal service funds are included in governmental
activities in the statement of net position. Internal service fund net position is:
Certain long‐term assets are not financial resources and therefore are not reported in the
governmental funds ‐ unamortized bond insurance premium.
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 inflows in the funds.
Certain liabilities applicable to the County's governmental activities are not due and payable in the
current period and accordingly are not reported as fund liabilities. Interest on long‐term debt is
not accrued in the governmental funds, but is recognized as an expenditure when due. All
liabilities are reported in the statement of net position. Balances at September 30, 2018 are:
Unamortized deferred charges on refunding
OPEB deferred outflows
not reported in the funds. Those assets consist of:
Pension deferred outflows
Pension deferred inflows
COLLIER COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2018
Differences in amounts reported for governmental activities in the statement of net position on pages 16‐17:
21
Bayshore Gateway Immokalee
Community Community Other Total
General Redevelopment Redevelopment Governmental Governmental
Fund Agency Agency Funds Funds
Revenues:
Taxes 285,593,995$ 1,562,600$ 628,800$ 99,028,839$ 386,814,234$
Licenses, permits and impact fees 215,860 ‐ ‐ 74,886,350 75,102,210
Intergovernmental 64,190,464 198,552 13,754 27,803,775 92,206,545
Charges for services 17,870,088 526,632 529,648 18,054,532 36,980,900
Fines and forfeitures 440,773 ‐ ‐ 1,934,145 2,374,918
Interest income 1,655,421 27,080 8,282 4,441,850 6,132,633
Special assessments ‐ ‐ ‐ 4,789,426 4,789,426
Miscellaneous 1,892,028 131,192 ‐ 2,503,337 4,526,557
Total revenues 371,858,629 2,446,056 1,180,484 233,442,254 608,927,423
Expenditures:
Current:
General government 66,354,762 ‐ ‐ 34,843,687 101,198,449
Public safety 167,021,759 ‐ ‐ 31,074,841 198,096,600
Physical environment 683,887 ‐ ‐ 31,310,051 31,993,938
Transportation 343,564 ‐ ‐ 45,560,971 45,904,535
Economic environment 2,238,182 1,168,361 347,941 6,187,171 9,941,655
Human services 11,844,305 ‐ ‐ 4,004,540 15,848,845
Culture and recreation 16,573,290 ‐ ‐ 31,098,147 47,671,437
Debt service
Principal 55,478 ‐ ‐ 21,808,781 21,864,259
Interest 7,707 ‐ ‐ 10,156,840 10,164,547
Fiscal charges ‐ ‐ ‐ 127,540 127,540
Capital outlay 15,470,157 379,882 662,255 66,358,999 82,871,293
Total expenditures 280,593,091 1,548,243 1,010,196 282,531,568 565,683,098
Excess (deficit) of revenues
over (under) expenditures 91,265,538 897,813 170,288 (49,089,314) 43,244,325
Other financing sources (uses):
Loans issued ‐ ‐ ‐ 55,713,000 55,713,000
Sale of capital assets 952,480 ‐ ‐ 112,750 1,065,230
Insurance proceeds 210,429 ‐ ‐ 3,552,168 3,762,597
Payment to refunding escrow ‐ ‐ ‐ (44,525,435) (44,525,435)
Transfers in 12,351,959 214,800 85,000 101,705,828 114,357,587
Transfers out (84,981,060) (634,700) (81,600) (47,212,736) (132,910,096)
Total other financing sources (uses) (71,466,192) (419,900) 3,400 69,345,575 (2,537,117)
Net change in fund balances 19,799,346 477,913 173,688 20,256,261 40,707,208
Fund balances at beginning of year 62,229,451 11,119,594 293,791 385,999,498 459,642,334
Fund balances at end of year 82,028,797$ 11,597,507$ 467,479$ 406,255,759$ 500,349,542$
COLLIER COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
The notes to the financial statements are an integral part of this statement.
22
40,707,208$
Capital outlay 82,871,293$
Depreciation expense (70,024,109) 12,847,184
669,515
(4,426)
(63,855)
(455,919)
Debt proceeds (55,713,000)$
Transfer to refunding escrow agent 41,110,000
Bond and loan principal payments 21,784,891
Payments on capital lease obligations 79,368 7,261,259
Compensated absences (1,119,590)$
OPEB expense (284,503)
Pension expense (18,614,260)
Accrued interest on bonds and loans 341,687
Amortization of bond insurance premium (2,491)
Amortization of deferred charges on refunding 1,681,793
Amortization of premium 1,949,931 (16,047,433)
4,392,180
Change in net position ‐ governmental activities 49,305,713$
net position the cost of these assets is allocated over their estimate useful lives and
reported as depreciation expense.
governmental funds as there is no flow of current financial resources.
The notes to the financial statements are an integral part of this statement.
COLLIER COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
Differences in amounts reported for governmental activities in the statement of activities on pages 18‐19:
Debt proceeds provide current financial resources for governemntal funds, but issuing debt
increases liabilities in the statement of net position. Repayment of principal on long‐term debt
is an expenditure in governmental funds, but a reduction of long‐term liabilities in the
statement of net position.
The net revenues of internal service funds are reported with governmental activities.
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Certain amounts reported in the statement of activities do not require the use of
current financial resources and therefore are not reported as expenditures in the
governmental funds.
Governmental funds report capital outlays as expenditures. However, in the statement of
Donations of capital assets are not financial resources to governmental funds, but receiving
donated assets increases net position in the statement of net position.
Capital assets transferred to and from proprietary funds are not recorded in the
In the statement of net position, the gain or 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 position differs from the change in fund balances by the
net book value of assets disposed.
Certain revenues not considered available are not recognized in the governmental funds but
are included in the statement of activities.
Net change in fund balances ‐ total governmental funds
23
Original Final
Budget Budget Actual Variance
Revenues:
Taxes 296,259,900$ 296,259,900$ 285,606,236$ (10,653,664)$
Licenses, permits and impact fees 317,300 317,300 215,860 (101,440)
Intergovernmental 50,753,000 50,753,000 63,366,629 12,613,629
Charges for services 20,917,326 22,907,368 17,870,088 (5,037,280)
Fines and forfeitures 401,000 401,000 440,773 39,773
Interest income 893,000 893,000 2,061,525 1,168,525
Miscellaneous 8,505,000 8,527,600 9,907,816 1,380,216
Total revenues 378,046,526 380,059,168 379,468,927 (590,241)
Expenditures:
Current:
General government
Board of County Commissioners personal services 1,129,500 1,136,800 1,135,169 1,631
Board of County Commissioners operating 98,400 102,400 77,725 24,675
County manager administrative personal services 1,017,500 1,017,500 999,431 18,069
County manager administrative operating 63,300 63,300 40,064 23,236
Corporate planning and improvement personal services 608,100 608,100 602,577 5,523
Corporate planning and improvement operating 39,900 39,900 16,619 23,281
Budget and management personal services 701,600 701,600 669,007 32,593
Budget and management operating 91,700 91,700 48,826 42,874
Budget and management capital outlay 1,500 1,500 1,287 213
Administrative services personal services 2,806,800 2,736,057 2,630,241 105,816
Administrative services operating 313,100 412,800 383,354 29,446
Administrative services capital outlay ‐ 4,043 4,043 ‐
Human resources administration personal services 1,535,600 1,535,600 1,495,980 39,620
Human resources administration operating 606,100 613,800 409,406 204,394
Human resources administration capital outlay 10,100 10,100 7,903 2,197
Clerk of the Circuit Court personal services 7,940,600 7,470,000 7,442,409 27,591
Clerk of the Circuit Court operating 2,115,300 2,463,300 2,232,897 230,403
Clerk of the Circuit Court capital outlay 205,300 387,900 386,830 1,070
Property Appraiser personal services 5,808,618 5,808,618 5,625,748 182,870
Property Appraiser operating 1,841,900 1,841,900 2,220,699 (378,799)
Property Appraiser capital outlay 25,000 25,000 45,813 (20,813)
Tax Collector personal services 11,374,486 11,390,778 10,684,424 706,354
Tax Collector operating 3,696,411 3,694,419 3,569,258 125,161
Tax Collector capital outlay 627,587 627,587 623,619 3,968
County attorney personal services 2,370,900 2,370,900 2,335,966 34,934
County attorney operating 396,800 539,846 200,753 339,093
County attorney capital outlay 5,000 5,000 4,390 610
Natural resource planning operating 109,800 109,800 105,060 4,740
Circuit court operating 38,700 39,500 38,133 1,367
County court operating 27,200 27,200 23,866 3,334
State Attorney operating 345,800 345,800 317,436 28,364
Public Defender operating 303,400 303,400 150,377 153,023
Other general administrative personal services 200,000 92,700 12,234 80,466
Other general administrative operating 7,775,300 7,379,646 6,614,833 764,813
Facilities management personal services 5,487,200 5,197,200 5,021,619 175,581
Facilities management operating 8,745,900 9,927,450 10,067,298 (139,848)
Facilities management capital outlay 76,000 76,000 49,351 26,649
Sheriff personal services 4,137,400 4,137,400 4,355,279 (217,879)
Sheriff operating 177,700 177,700 71,545 106,155
Sheriff capital ‐ ‐ 3,787 (3,787)
COLLIER COUNTY, FLORIDA
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
24
Original Final
Budget Budget Actual Variance
Supervisor of Elections personal services 2,204,200$ 2,204,200$ 2,035,267$ 168,933$
Supervisor of Elections operating 1,542,900 1,510,216 1,484,868 25,348
Supervisor of Elections capital outlay 20,000 48,005 40,839 7,166
Public services operations personal services 479,500 527,700 526,469 1,231
Public services operations operating 66,600 57,578 54,628 2,950
Public services operations capital outlay 2,000 1,099 1,099 ‐
Real property management personal services 660,900 660,900 659,400 1,500
Real property management operating 42,000 42,000 32,342 9,658
Total general government 77,873,602 78,565,942 75,560,168 3,005,774
Public safety
Sheriff personal services 137,171,100 138,904,100 135,904,291 2,999,809
Sheriff operating 29,636,600 30,032,817 27,962,431 2,070,386
Sheriff capital outlay 7,016,800 7,016,800 11,195,231 (4,178,431)
Emergency management administration personal services 919,900 919,900 897,174 22,726
Emergency management administration operating 719,200 1,266,188 887,462 378,726
Helicopter operations operating 39,000 39,000 29,333 9,667
Medical examiner services operating 1,345,300 1,345,650 1,341,068 4,582
Medical examiner services capital outlay ‐ 18,000 18,000 ‐
Total public safety 176,847,900 179,542,455 178,234,990 1,307,465
Physical environment
Conservation and resource management personal services 754,900 555,500 534,646 20,854
Conservation and resource management operating 175,200 196,500 131,889 64,611
Conservation and resource management capital outlay 3,000 4,600 1,378 3,222
Immokalee cemetery operating 25,100 25,100 17,352 7,748
Total physical environment 958,200 781,700 685,265 96,435
Transportation
Alternative transportation modes personal services 322,500 324,250 324,169 81
Alternative transportation modes operating 25,300 23,550 19,395 4,155
Total transportation 347,800 347,800 343,564 4,236
Economic environment
Veterans services personal services 348,100 361,100 358,639 2,461
Veterans services operating 39,700 39,700 29,830 9,870
Economic development personal services 447,800 447,800 403,361 44,439
Economic development operating 1,972,000 1,982,036 1,446,352 535,684
Economic development capital outlay 1,500 5,878 5,238 640
Total economic environment 2,809,100 2,836,514 2,243,420 593,094
Human services
Health Care Responsibility Act operating 46,100 46,100 ‐ 46,100
Domestic animal services personal services 2,280,800 2,226,598 1,961,190 265,408
Domestic animal services operating 1,083,800 1,058,570 898,625 159,945
Domestic animal services capital outlay 7,000 158,922 46,988 111,934
Health department operating 1,815,600 1,954,660 1,781,248 173,412
Mental health operating 1,949,400 2,361,750 1,949,400 412,350
Client assistance personal services 845,800 850,500 817,372 33,128
Client assistance operating 4,573,700 4,502,011 4,175,649 326,362
Client assistance capital outlay 1,300 12,400 5,147 7,253
(continued)
COLLIER COUNTY, FLORIDA
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
25
Original Final
Budget Budget Actual Variance
Public services division office personal services 329,100$ 272,600$ 272,572$ 28$
Public services division office operating 36,300 29,226 22,538 6,688
Public services division office capital outlay 3,100 3,100 2,713 387
Total human services 12,972,000 13,476,437 11,933,442 1,542,995
Culture and recreation
Library administration personal services 5,795,600 5,795,600 5,368,257 427,343
Library administration operating 2,316,800 2,334,577 2,196,065 138,512
Library administration capital outlay 61,000 61,000 60,578 422
Beach and water park operations personal services 3,518,900 3,491,600 3,309,411 182,189
Beach and water park operations operating 2,691,000 2,667,637 2,204,435 463,202
Beach and water park operations capital outlay ‐ 84,424 84,694 (270)
Parks maintenance personal service 1,342,700 1,342,700 1,323,259 19,441
Parks maintenance operating 2,382,800 2,364,414 2,179,104 185,310
Parks maintenance capital outlay 200,000 337,202 341,577 (4,375)
Total culture and recreation 18,308,800 18,479,154 17,067,380 1,411,774
Total expenditures 290,117,402 294,030,002 286,068,229 7,961,773
Excess of revenues over expenditures 87,929,124 86,029,166 93,400,698 7,371,532
Other financing sources (uses):
Sale of capital assets ‐ ‐ 52,793 52,793
Insurance proceeds ‐ ‐ 3,588 3,588
Transfers in 5,556,976 5,468,634 12,673,733 7,205,099
Transfers out (86,785,700) (101,987,689) (84,051,945) 17,935,744
Total other financing sources (uses) (81,228,724) (96,519,055) (71,321,831) 25,197,224
Net change in fund balance 6,700,400 (10,489,889) 22,078,867 32,568,756
Fund balance at beginning of year 53,646,900 57,684,932 57,684,932 ‐
Fund balance at end of year 60,347,300$ 47,195,043$ 79,763,799$ 32,568,756$
Reconciliation:
Net change in fund balance, budgetary basis 22,078,867$
Ad valorem tax refunds not budgeted (12,241)
Net change in fair value of investments (406,104)
Miscellaneous revenue related to indirect cost (8,053,100)
Miscellaneous revenue related to Sheriff assets not budgeted 37,312
Public safety grant revenue not budgeted 823,835
Change in inventory 24,875
General government expenditures related to indirect cost 8,053,100
Public safety expenditures for multi‐period projects not budgeted (967,364)
Public safety capital outlay funded by outside sources not budgeted (1,635,473)
Insurance proceeds related to Sheriff assets not budgeted 206,841
Proceeds from sale of Sheriff assets not budgeted 899,687
Advances budgeted as transfers (321,774)
Transfer helicopter operations inventory to EMS (929,115)
Net change in fund balance, GAAP basis 19,799,346$
The notes to the financial statements are an integral part of this statement.
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
COLLIER COUNTY, FLORIDA
GENERAL FUND
26
Original Final
Budget Budget Actual Variance
Revenues:
Taxes 1,562,600$ 1,562,600$ 1,562,600$ ‐$
Intergovernmental 414,040 414,040 198,552 (215,488)
Charges for services 903,105 903,105 526,632 (376,473)
Interest income 15,300 15,300 34,959 19,659
Miscellaneous 15,000 15,000 131,192 116,192
Total revenues 2,910,045 2,910,045 2,453,935 (456,110)
Expenditures:
Economic environment
Personal services 491,600 491,600 339,054 152,546
Operating 524,600 524,600 829,307 (304,707)
Capital outlay 1,635,745 1,635,745 379,882 1,255,863
Total expenditures 2,651,945 2,651,945 1,548,243 1,103,702
Excess of revenues over expenditures 258,100 258,100 905,692 647,592
Other financing sources (uses):
Transfers in 214,800 214,800 214,800 ‐
Transfers out (634,700) (634,700) (634,700) ‐
Total other financing sources (uses) (419,900) (419,900) (419,900) ‐
Net change in fund balances (161,800) (161,800) 485,792 647,592
Fund balances at beginning of year 1,518,200 1,518,200 1,518,200 ‐
Fund balances at end of year 1,356,400$ 1,356,400$ 2,003,992$ 647,592$
Reconciliation:
Net change in fund balance, budgetary basis 485,792$
Net change in fair value of investments (7,879)
Net change in fund balance, GAAP basis 477,913$
The notes to the financial statements are an integral part of this statement.
COLLIER COUNTY, FLORIDA
BAYSHORE GATEWAY COMMUNITY REDEVELOPMENT AGENCY
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
27
Original Final
Budget Budget Actual Variance
Revenues:
Taxes 628,800$ 628,800$ 628,800$ ‐$
Intergovernmental 3,500 ‐ 13,754 13,754
Charges for services ‐ 797,998 529,648 (268,350)
Interest income ‐ 3,500 10,664 7,164
Total revenues 632,300 1,430,298 1,182,866 (247,432)
Expenditures:
Economic environment
Personal services 304,600 304,600 194,136 110,464
Operating 275,700 405,700 153,805 251,895
Capital outlay ‐ 925,998 662,255 263,743
Total expenditures 580,300 1,636,298 1,010,196 626,102
Excess (deficit) of revenues
over (under) expenditures 52,000 (206,000) 172,670 378,670
Other financing sources (uses):
Transfers in 85,000 185,000 85,000 (100,000)
Transfers out (111,600) (211,600) (111,600) 100,000
Total other financing sources (uses) (26,600) (26,600) (26,600) ‐
Net change in fund balances 25,400 (232,600) 146,070 378,670
Fund balances at beginning of year 396,500 396,500 396,500 ‐
Fund balances at end of year 421,900$ 163,900$ 542,570$ 378,670$
Reconciliation:
Net change in fund balance, budgetary basis 146,070$
Net change in fair value of investments (2,382)
Advances budgeted as transfers 30,000
Net change in fund balance, GAAP basis 173,688$
The notes to the financial statements are an integral part of this statement.
COLLIER COUNTY, FLORIDA
IMMOKALEE COMMUNITY REDEVELOPMENT AGENCY
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
28
Governmental
Emergency Activities ‐
County Water Solid Waste Medical Other Internal
and Sewer Disposal Services Funds Total Service Funds
Current assets:
Cash and investments 132,791,761$ 17,217,761$ 17,248,375$ 2,104,269$ 169,362,166$ 64,600,881$
Receivables:
Trade, net 13,176,122 1,654,929 1,425,473 74,988 16,331,512 19,793
Special assessments 98,376 ‐ ‐ ‐ 98,376 ‐
Interest 284,421 146,282 38,453 5,588 474,744 144,141
Due from other funds ‐ 365,580 ‐ 12,013 377,593 516,107
Due from other governments 1,031,282 1,321,111 267,721 ‐ 2,620,114 302,816
Deposits 2,000 ‐ ‐ ‐ 2,000 ‐
Inventory 5,360,008 ‐ 1,019,892 130,367 6,510,267 375,248
Prepaid costs 10,381 ‐ 12,262 ‐ 22,643 46,266
Restricted assets:
Cash and investments 5,309,506 123,671 156,300 103,259 5,692,736 ‐
Trade, net 9,066 ‐ ‐ ‐ 9,066 ‐
Interest receivable 43,163 ‐ 349 ‐ 43,512 ‐
Due from other governments ‐ ‐ ‐ 3,326,267 3,326,267 ‐
Total current assets 158,116,086 20,829,334 20,168,825 5,756,751 204,870,996 66,005,252
Noncurrent assets:
Restricted assets:
Cash and investments 29,534,515 ‐ ‐ ‐ 29,534,515 ‐
Receivables:
Special assessments 252,855 ‐ ‐ ‐ 252,855 ‐
Advances to other funds 41,091,750 ‐ ‐ ‐ 41,091,750 ‐
Capital assets:
Land and nondepreciable capital assets 76,497,271 17,392,231 ‐ 10,402,739 104,292,241 ‐
Depreciable capital assets, net 773,001,222 21,805,412 7,399,332 49,387,605 851,593,571 19,146,565
Total noncurrent assets 920,377,613 39,197,643 7,399,332 59,790,344 1,026,764,932 19,146,565
Total assets 1,078,493,699 60,026,977 27,568,157 65,547,095 1,231,635,928 85,151,817
Deferred charges on debt refundings 3,981,935 ‐ ‐ ‐ 3,981,935 ‐
Deferred outflows of resources related
to pensions 8,573,977 987,739 12,408,323 340,997 22,311,036 2,117,058
Total deferred outflows of resources 12,555,912 987,739 12,408,323 340,997 26,292,971 2,117,058
(Continued)
COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2018
Business‐type Activities Enterprise Funds
ASSETS
DEFERRED OUTFLOWS OF RESOURCES
29
Governmental
Emergency Activities ‐
County Water Solid Waste Medical Other Internal
and Sewer Disposal Services Funds Total Service Funds
LIABILITIES
Current liabilities:
Accounts payable 10,418,292$ 4,084,241$ 366,605$ 840,768$ 15,709,906$ 1,270,184$
Wages payable 1,022,151 105,823 712,587 38,709 1,879,270 264,563
Retainage payable 1,894,179 363,367 ‐ 36,300 2,293,846 ‐
Due to other funds 853 ‐ 11,036 1,209 13,098 ‐
Due to other governments 7,502 69 ‐ 3,021 10,592 35
Unearned revenues ‐ ‐ ‐ 40,517 40,517 98,893
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 8,111,260
Compensated absences 1,672,967 172,994 631,325 44,248 2,521,534 436,870
Capital lease obligations ‐ ‐ 347,776 ‐ 347,776 ‐
Net pension liability 182,178 18,814 89,483 8,719 299,194 39,923
Notes payable 6,977,250 ‐ ‐ ‐ 6,977,250 ‐
Bonds and loans payable 4,696,110 ‐ ‐ ‐ 4,696,110 ‐
Liabilities payable from restricted assets:
Accounts payable 2,253 ‐ 11,247 1,220,122 1,233,622 ‐
Wages payable ‐ ‐ ‐ 136 136 ‐
Retainage payable ‐ ‐ ‐ 16,269 16,269 ‐
Due to other governments ‐ ‐ ‐ 69,022 69,022 ‐
Refundable deposits 120,766 ‐ ‐ 9,826 130,592 ‐
Unearned revenue ‐ 123,671 ‐ 5,845 129,516 ‐
Interest payable 1,229,810 ‐ ‐ ‐ 1,229,810 ‐
Notes payable 2,391,307 ‐ ‐ ‐ 2,391,307 ‐
Bonds and loans payable 1,565,370 ‐ ‐ ‐ 1,565,370 ‐
Total current liabilities 32,180,988 4,868,979 2,170,059 2,334,711 41,554,737 10,221,728
Noncurrent liabilities:
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 4,024,813
Advance from other funds 50,128 41,091,750 ‐ ‐ 41,141,878 ‐
Compensated absences 418,242 43,249 157,831 11,063 630,385 109,218
Capital lease obligations ‐ ‐ 173,125 ‐ 173,125 ‐
Total OPEB liability 1,489,494 155,619 741,042 74,104 2,460,259 329,763
Net pension liability 21,808,962 2,471,832 28,335,153 895,688 53,511,635 5,290,931
Landfill post‐closure liability ‐ 1,750,180 ‐ ‐ 1,750,180 ‐
Notes payable 68,576,000 ‐ ‐ ‐ 68,576,000 ‐
Bonds and loans payable, net 103,748,789 ‐ ‐ ‐ 103,748,789 ‐
Total noncurrent liabilities 196,091,615 45,512,630 29,407,151 980,855 271,992,251 9,754,725
Total liabilities 228,272,603 50,381,609 31,577,210 3,315,566 313,546,988 19,976,453
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 35,566 3,685 17,661 1,766 58,678 7,864
Deferred inflows of resources related to pensions 1,989,221 223,546 2,432,230 83,026 4,728,023 478,155
Total deferred inflows of resources 2,024,787 227,231 2,449,891 84,792 4,786,701 486,019
NET POSITION
Net investment in capital assets 659,500,098 37,669,074 6,878,431 59,211,109 763,258,712 19,108,660
Restricted for grants and other purposes ‐ ‐ 145,402 2,249,643 2,395,045 ‐
Restricted for growth related capital expansion 19,503,905 ‐ ‐ ‐ 19,503,905 ‐
Restricted for renewal and replacement 300,000 ‐ ‐ ‐ 300,000 ‐
Restricted for debt service 9,782,838 ‐ ‐ ‐ 9,782,838 ‐
Unrestricted 171,665,380 (27,263,198) (1,074,454) 1,026,982 144,354,710 47,697,743
Total net position 860,752,221$ 10,405,876$ 5,949,379$ 62,487,734$ 939,595,210 66,806,403$
(1,156,548)
Net position of Business‐type Activities 938,438,662$
The notes to the financial statements are an integral part of this statement.
Cumulative consolidation adjustment for internal service fund activities related to enterprise funds
Business‐type Activities Enterprise Funds
COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2018
30
Governmental
Emergency Activities ‐
County Water Solid Waste Medical Other Internal
and Sewer Disposal Services Funds Total Service Funds
Operating revenues:
Charges for services 145,436,218$ 50,276,682$ 12,746,940$ 5,011,244$ 213,471,084$ 95,540,601$
Miscellaneous 321,147 172,120 88,648 68,172 650,087 39,289
Total operating revenues 145,757,365 50,448,802 12,835,588 5,079,416 214,121,171 95,579,890
Operating expenses:
Personal services 33,695,443 4,238,608 25,323,021 1,436,417 64,693,489 8,541,864
Operating 56,812,458 100,492,128 4,701,721 13,051,969 175,058,276 95,914,291
Depreciation and amortization 45,664,287 1,508,112 1,646,623 3,429,936 52,248,958 3,050,700
Total operating expenses 136,172,188 106,238,848 31,671,365 17,918,322 292,000,723 107,506,855
Operating income (loss) 9,585,177 (55,790,046) (18,835,777) (12,838,906) (77,879,552) (11,926,965)
Non‐operating revenues (expenses):
Operating grants and contributions 28,669 11,265,513 654,593 4,477,478 16,426,253 240,299
Interest income 2,137,412 250,481 188,007 25,795 2,601,695 723,928
Insurance reimbursement 8,185,614 26,116 11,085 199,886 8,422,701 9,869,190
Interest expense (4,801,746) (384,050) (9,189) ‐ (5,194,985) ‐
Gain (loss) on disposal of capital assets (1,239,104) (4,800) 11,412 (165,690) (1,398,182) 586,242
Total non‐operating revenues 4,310,845 11,153,260 855,908 4,537,469 20,857,482 11,419,659
Income (loss) before contributions
and transfers 13,896,022 (44,636,786) (17,979,869) (8,301,437) (57,022,070) (507,306)
Capital grants and contributions 33,751,741 289,785 61,353 4,572,001 38,674,880 ‐
Transfers in 13,600 1,020,935 19,884,997 4,495,174 25,414,706 3,958,900
Transfers out (8,094,900) (824,905) (12,400) ‐ (8,932,205) (1,888,892)
Total transfers and contributions 25,670,441 485,815 19,933,950 9,067,175 55,157,381 2,070,008
Change in net position 39,566,463 (44,150,971) 1,954,081 765,738 (1,864,689) 1,562,702
Net position ‐ beginning 821,185,758 54,556,847 3,995,298 61,721,996 65,243,701
Net position ‐ ending 860,752,221$ 10,405,876$ 5,949,379$ 62,487,734$ 66,806,403$
Consolidation adjustment for internal service fund activities related to enterprise funds (2,829,478)
Change in net position of Business‐type Activities (4,694,167)$
The notes to the financial statements are an integral part of this statement.
Business‐type Activities Enterprise Funds
COLLIER COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
31
Governmental
Emergency Activities ‐
County Water Solid Waste Medical Other Internal
and Sewer Disposal Services Funds Total Service Funds
Cash flows from operating activities:
Cash received for services 144,930,441$ 50,043,122$ 13,126,326$ 5,142,972$ 213,242,861$ ‐$
Cash received from other funds for services ‐ ‐ ‐ ‐ ‐ 86,164,112
Cash received from employees for services ‐ ‐ ‐ ‐ ‐ 6,900,778
Cash received from other governments
for services ‐ ‐ ‐ ‐ ‐ 460,077
Cash received from refundable deposits 114,000 ‐ ‐ ‐ 114,000 ‐
Cash received from retirees for services ‐ ‐ ‐ ‐ ‐ 1,725,389
Cash payments on behalf of retirees ‐ ‐ ‐ ‐ ‐ (1,358,288)
Cash payments for goods and services (54,612,619) (99,987,024) (3,025,029) (9,607,244) (167,231,916) (90,554,901)
Cash payments to employees (32,618,640) (3,656,555) (22,743,661) (1,360,721) (60,379,577) (8,109,715)
Cash payments for interfund services (8,723,550) (2,458,710) (1,636,391) (3,083,481) (15,902,132) (626,268)
Cash payments on refundable deposits (83,000) ‐ ‐ ‐ (83,000) ‐
Net cash provided by (used for)
operating activities 49,006,632 (56,059,167) (14,278,755) (8,908,474) (30,239,764) (5,398,816)
Cash flows from non‐capital financing activities:
Cash received from operating grants ‐ 9,975,700 482,016 3,015,148 13,472,864 ‐
Cash transfers from other funds 574,625 61,528,160 18,959,538 6,166,686 87,229,009 4,471,500
Cash transfers to other funds (48,802,600) (20,417,530) (12,400) (1,659,345) (70,891,875) (2,401,492)
Net cash provided by (used for) non‐capital
financing activities (48,227,975) 51,086,330 19,429,154 7,522,489 29,809,998 2,070,008
Cash flows from capital and related financing activities:
System development charges 14,107,445 ‐ ‐ ‐ 14,107,445 ‐
Special assessment collections 5,330 ‐ ‐ ‐ 5,330 ‐
Receipts from insurance reimbursements 8,211,484 26,116 11,085 160,343 8,409,028 9,854,822
Receipts from utility acquisition 5,913,372 ‐ ‐ ‐ 5,913,372 ‐
Proceeds from loans 35,965,000 ‐ ‐ ‐ 35,965,000 ‐
Proceeds from disposal of capital assets 204,197 85,200 63,550 30,700 383,647 581,317
Proceeds from capital grants ‐ ‐ ‐ 3,795,471 3,795,471 ‐
Payments for capital acquisitions (33,404,699) (6,758,241) (1,588,271) (4,554,449) (46,305,660) (4,594,022)
Principal payments on notes (9,574,000) ‐ ‐ ‐ (9,574,000) ‐
Principal payments on state revolving loans (1,560,000) ‐ ‐ ‐ (1,560,000) ‐
Principal payments on bonds (3,968,061) ‐ ‐ ‐ (3,968,061) ‐
Payments to escrow agents (35,805,989) ‐ ‐ ‐ (35,805,989) ‐
Principal payments on leases ‐ ‐ (343,947) ‐ (343,947) ‐
Interest and fiscal agent fees paid (4,750,811) ‐ (9,189) ‐ (4,760,000) ‐
Net cash provided by (used for) capital and
related financing activities (24,656,732) (6,646,925) (1,866,772) (567,935) (33,738,364) 5,842,117
Cash flows from investing activities:
Interest on investments 1,819,498 277,449 182,798 27,103 2,306,848 703,037
Net cash provided by investing activities 1,819,498 277,449 182,798 27,103 2,306,848 703,037
Net increase (decrease) in cash and investments (22,058,577) (11,342,313) 3,466,425 (1,926,817) (31,861,282) 3,216,346
Cash and investments, October 1, 2017 189,694,359 28,683,745 13,938,250 4,134,345 236,450,699 61,384,535
Cash and investments, September 30, 2018 167,635,782$ 17,341,432$ 17,404,675$ 2,207,528$ 204,589,417$ 64,600,881$
Current cash and investments 132,791,761$ 17,217,761$ 17,248,375$ 2,104,269$ 169,362,166 64,600,881$
Current cash and investments‐restricted 5,309,506 123,671 156,300 103,259 5,692,736 ‐
Noncurrent cash and investments‐restricted 29,534,515 ‐ ‐ ‐ 29,534,515 ‐
Cash and investments, September 30, 2018 167,635,782$ 17,341,432$ 17,404,675$ 2,207,528$ 204,589,417$ 64,600,881$
(Continued)
Business‐type Activities Enterprise Funds
PROPRIETARY FUNDS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
32
Governmental
Emergency Activities ‐
County Water Solid Waste Medical Other Internal
and Sewer Disposal Services Funds Total Service Funds
Operating income (loss)9,585,177$ (55,790,046)$ (18,835,777)$ (12,838,906)$ (77,879,552)$ (11,926,965)$
Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:
Depreciation expense 45,664,287 1,508,112 1,646,623 3,429,936 52,248,958 3,050,700
Net changes in assets and liabilities:
Trade receivable (403,853) (368,600) 255,235 92,397 (424,821) (320)
Due from other funds ‐ (445) ‐ ‐ (445) (450,671)
Due from other governments (556,099) (204) (1,774) ‐ (558,077) 31,848
Inventory (724,783) ‐ (70,384) (40,026) (835,193) (42,999)
Prepaid costs 2,500 ‐ 49,050 ‐ 51,550 (1,266)
Accounts payable (4,921,126) (1,739,751) 101,484 407,203 (6,152,190) (184,310)
Retainage payable (679,882) ‐ ‐ ‐ (679,882) ‐
Wages payable (249,989) (31,257) 73,025 (3,550) (211,771) 8,253
Due to other funds (31,262) (213,431) (1,500) (5,938) (252,131) (47,940)
Due to other governments (36,130) (424) ‐ (601) (37,155) 642
Compensated absences 92,553 23,441 89,989 4,199 210,182 40,274
Refundable deposits 31,000 ‐ ‐ ‐ 31,000 ‐
Unearned revenue ‐ (9,292) ‐ (28,235) (37,527) 89,609
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 3,651,314
Total OPEB liability (44,524) 30,316 15,801 1,960 3,553 3,215
Deferred inflows of resources related to OPEB 34,241 3,577 17,035 1,704 56,557 7,582
Net pension liability 317,819 694,578 1,221,334 49,250 2,282,981 163,214
Deferred outflows of resources related to pensions 46,056 (270,821) (176,060) (14,331) (415,156) (14,700)
Deferred inflows of resources related to pensions 880,647 132,219 1,337,164 36,464 2,386,494 223,704
Landfill post closure liability ‐ (27,139) ‐ ‐ (27,139) ‐
Total adjustments 39,421,455 (269,121) 4,557,022 3,930,432 47,639,788 6,528,149
Net cash provided by (used for)
operating activities 49,006,632$ (56,059,167)$ (14,278,755)$ (8,908,474)$ (30,239,764)$ (5,398,816)$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (505,162)$ (73,941)$ (52,956)$ (2,299)$ (634,358)$ (196,775)$
Developer infrastructure contributions 19,340,867 ‐ ‐ ‐ 19,340,867 ‐
Contributed capital assets 18,612 289,785 25,562 307,891 641,850 ‐
Change in capital related grant receivable ‐ ‐ ‐ 468,639 468,639 ‐
Change in special assessment receivable 308,320 ‐ ‐ ‐ 308,320 ‐
Capital related accounts payable 4,309,798 1,165,202 ‐ 526,666 6,001,666 37,905
Assets received from utility acquisition 29,277,956 ‐ ‐ ‐ 29,277,956 ‐
The notes to the financial statements are an integral part of this statement.
Business‐type Activities Enterprise Funds
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
33
Agency
Funds
Cash and investments 36,850,700$
Receivables:
Interest 14,252
Other 59,737
Total assets 36,924,689$
LIABILITIES
Due to other governments 7,506,907$
Due to individuals 637,665
Refundable deposits 27,812,997
Due to special assessment holders 967,120
Total liabilities 36,924,689$
The notes to the financial statements are an integral part of this statement.
ASSETS
COLLIER COUNTY, FLORIDA
STATEMENT OF FIDUCIARY NET POSITION
AGENCY FUNDS
SEPTEMBER 30, 2018
34
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
INDEX
NOTE PAGE NUMBER
1 Summary of Significant Accounting Policies 36
2 Cash and Investments 48
3 Trade Receivables 51
4 Interfund Payables and Receivables 51
5 Capital Assets 54
6 Long‐Term Debt 54
7 Conduit Debt Obligations 62
8 Defined Benefit Pension Plans 62
9 Defined Contribution Plan 69
10 Transfers 70
11 Net Position/Fund Balances 70
12 Risk Management 73
13 Other Postemployment Benefits 74
14 Landfill Liability 80
15 Significant Contingencies 80
16 Significant Commitments 81
17 Subsequent Events 81
18 Fund Deficits 82
35
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of Collier County, Florida (County) have been prepared in accordance with accounting principles
generally accepted in the United States of America for governmental entities (GAAP). The more significant of the County’s
accounting policies are described below.
THE REPORTING ENTITY
Entity status for financial reporting purposes is governed by Governmental Accounting Standards Board (GASB) Statement
No. 14, The Financial Reporting Entity, as amended. The GASB is the standard setting body for the establishment of GAAP in
governmental entities. Determination of the financial reporting entity of the County is founded upon the objective of
accountability. These financial statements include the County government (the primary government) and two types of legally
separate component units (blended and discrete). 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
and impose its will on the organization or there is a potential specific financial benefit/burden relationship. Financial
accountability also exists if an organization is fiscally dependent and there is potential specific financial benefit/burden
relationship.
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 separately elected Constitutional Officers: the Tax Collector,
Property Appraiser, Sheriff, Clerk of the Circuit Court and Comptroller and Supervisor of Elections. The Constitutional Officers
are elected county wide. Under the direction of the Clerk of the Circuit Court and Comptroller, the 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 and Comptroller. 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.
The County's blended component 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 the County has the
financial and operational responsibility for these component units. In accordance with GASB Statement No. 14, as amended,
these organizations are reported as if they were part of the County's operations.
Collier County Water and Sewer District (District) ‐ The District was established by Chapter 88‐499, Laws of Florida, as
amended by Chapter 03‐353, to provide water, sewer and effluent services to portions of the unincorporated area of Collier
County.
Collier County Community Redevelopment Agency (CRA) ‐ The CRA was established by Resolution 2000‐82 to benefit blighted
areas in both the Immokalee Redevelopment and Bayshore/Gateway Triangle Redevelopment Areas. These two
redevelopment areas are geographically separate and distinct.
Collier County Airport Authority ‐ The Board of County Commissioners was established as the governing body of the Airport
Authority by Ordinance 2010‐10. The Airport Authority is responsible for construction, improvement, equipment,
development, regulation, operation and maintenance of the Marco Island, Immokalee and Everglades Airports and all related
airport facilities.
36
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
Collier County Metropolitan Planning Organization (MPO) ‐ The Authority was created in 1981 by Collier County Resolution
81‐222 pursuant to Section 334.215, Florida Statutes, as amended by Section 339.175, Florida Statutes. The purpose of the
MPO is to provide planning for all modes of travel in order to benefit the citizens of Collier County. The MPO is reported as
part of the Grants and Shared Revenues fund.
The County's discretely presented component units consist of organizations whose board members are appointed by the
Board of County Commissioners. The County is able to impose its will on these entities because of its ability to remove
appointed members from the component units' Boards. The Authorities maintain their own financial records, but do not
issue separate financial statements. GASB Statement No. 14, as amended, requires that the financial data of the following
organizations be reported in separate columns to emphasize that they are legally separate from the County.
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. 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 7, “Conduit Debt Obligations”.
Collier County Health Facilities Authority ‐ The Authority was established in 1979 by Collier County Ordinance 79‐95 for the
purpose of assisting health facilities in the acquisition, construction and financing of projects within the County. 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 7, “Conduit Debt Obligations”.
Collier County Industrial Development Authority ‐ The Authority was created in 1978 by Collier County Resolution 78‐94,
rescinded and replaced by Resolution 79‐34, to facilitate the financing of projects that promote economic growth and
increase opportunities for employment in the County. 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 7, “Conduit
Debt Obligations”.
Collier County Educational Facilities Authority ‐ The Authority was created in 1999 by Collier County Resolution 99‐17 to
assist institutions for higher education in the construction, financing and refinancing of projects. 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 7, “Conduit Debt Obligations”.
Financial information on the individual component units can be obtained from their respective administrative offices or from
the Finance and Accounting Department of the Clerk of the Circuit Court and Comptroller.
Administrative Offices
Collier Water and Sewer District
3339 East Tamiami Trail, Suite #302
Naples, Florida 34112
Collier County Airport Authority
2005 Mainsail Drive, Suite #1
Naples, Florida 34114
Collier County Metropolitan Planning Organization
2885 South Horseshoe Drive
Naples, Florida 34104
Immokalee Community Redevelopment Agency
750 South 5th Street
Immokalee, Florida 34142
Bayshore Gateway Community Redevelopment Agency
4069 Bayshore Drive, #1
Naples, Florida 34112
Collier County Health Facilities Authority
Collier County Housing Finance Authority
Collier County Industrial Development Authority
Collier County Educational Facilities Authority
5150 Tamiami Trail North, #502
Naples, Florida 34103
37
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
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 Position and a Statement of Activities. These
statements report on the financial condition of Collier County, at the reporting entity level. 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 with the exception of interfund services provided and used.
The internal service activity has also been eliminated from the government‐wide financial statements. Aggregate internal
service fund activity is reported in full as a single column in the proprietary fund financial statements. Fiduciary funds are not
included in these presentations as their assets do not represent amounts that are available for Collier County government
operations. The Statement of Net Position reports all financial and capital resources of Collier County’s governmental and
business‐type activities. Net position equals assets plus deferred outflows of resources minus liabilities plus deferred inflows
of resources, and is shown in three categories: net investment in capital assets; restricted net position and unrestricted net
position. The Statement of Activities reports results of operations on a functional activity (program) basis and demonstrates
to what degree the particular program has been self‐supporting.
Direct expenses are those that are specifically associated with a service, program or department and, thus are clearly
identifiable to a particular function. The effect of indirect expense allocations has been eliminated in the government‐wide
financial statements. Depreciation expense for capital assets that can specifically be identified with a function is recorded as
a direct expense of that function. Depreciation for capital assets that serve all functions is recorded as a direct expense of
the general government function on the government‐wide Statement of Activities. All interest on general long term debt is
considered indirect and is reported separately in the government‐wide Statement of Activities.
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
general revenue category 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 and
proprietary funds. Following the governmental fund balance sheet and statement of revenues, expenditures and changes in
fund balances are reconciliations 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 and Comptroller, Property Appraiser, Sheriff, Supervisor of
Elections and Tax Collector are presented together with the Board of County Commissioners' general
operating fund in the County’s consolidated General Fund.
Bayshore/Gateway and Immokalee Community Redevelopment Area Special Revenue Funds – the
Redevelopment funds are used to account for the receipt and expenditure of tax increment revenues
generated by the Bayshore/Gateway and Immokalee Community Redevelopment Areas.
38
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – 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.
Solid Waste Disposal Fund – the Solid Waste Disposal fund is used to account for the provision of solid waste
disposal services to users throughout the County.
Emergency Medical Services – the Emergency Medical Services fund is used to account for the provision of
emergency ambulance and paramedical services to users throughout the County.
Collier County also maintains the following nonmajor fund types:
Special Revenue Funds – Special revenue funds are used to account for the proceeds of specific revenue
sources that are restricted or committed to expenditure for specific purposes other than debt service or
capital projects.
Permanent Fund – Permanent funds are used to account for resources that were legally restricted to the
extent that only earnings and not principal may be spent. Collier County operates a permanent fund to
defray costs associated with the maintenance and management of conservation land.
Debt Service Funds – Debt service funds are used to account for the accumulation of resources that are
restricted, committed or assigned to expenditure for principal and interest related to long‐term obligations.
Capital Project Funds – Capital project funds are used to account for the accumulation of resources that are
restricted, committed or assigned to expenditure for capital outlays including the acquisition or
construction of capital facilities and other capital assets.
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 other departments within the County or to other governmental units on a cost
reimbursement basis. Collier County currently reports the following Internal Service Funds: Self Insurance,
Sheriff’s Self Insurance, Fleet Management, Motor Pool Capital Recovery and Information Technology.
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 Comptroller and Tax Collector all maintain agency funds.
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING
Measurement focus indicates the type of resources being measured such as current financial resources (current assets less
current liabilities) or economic resources (all assets and liabilities). Basis of accounting refers to when revenues and
expenditures or expenses are recognized in the accounts and reported in the financial statements. The basis of accounting
relates to the timing of the measurements made regardless of the measurement focus applied.
39
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
The government‐wide and proprietary fund financial statements are reported using the economic resources measurement
focus and the accrual basis of accounting. With this measurement focus, all assets and liabilities associated with the operation
of these funds are included on the Statement of Net Position and the operating statements present increases (i.e., revenues)
and decreases (i.e., expenses) in net position. Under the accrual basis of accounting, revenues are recognized in the period
in which they are earned and measurable, and expenses are recognized in the period incurred. Grant and similar revenues
are recognized when eligibility requirements are met. 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 proprietary 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.
Governmental fund financial statements are reported using the current financial resources measurement focus and the
modified accrual basis of accounting. With this measurement focus, only current assets and current liabilities generally are
included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing
sources) and decreases (i.e., expenditures and other financing uses) in fund balance. Under the modified accrual basis of
accounting, revenues are recognized when they become measurable and available to finance expenditures of the fiscal
period. Generally, revenues are considered available when they are collected within the current period or within 60 days
after the end of the fiscal year. Grant revenues are an exception and are considered available when eligibility requirements
are met. Primary revenues which have been treated as susceptible to accrual include, where material, charges for services,
interest earnings and certain taxes and intergovernmental revenues. Property taxes are discussed later in Note 1.
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.
When both restricted and unrestricted resources are available, restricted resources will be used first for incurred expenses,
and then unrestricted as needed. When using the unrestricted resources, committed amounts would be reduced first,
followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which
amounts in any of those unrestricted fund balance classifications could be used.
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 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 budge t, the Board advertises the County's intent
to adopt a final budget and millage rate.
40
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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. The millage rate adopted is not
allowed to exceed the tentatively adopted millage rate, except as allowed for by emergency provision
with strict public notice requirements. 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 interdepartmental budget changes within the same fund and division of
$50,000 or less that do not impact reserves or recognize revenue. All other budgetary changes must be
approved by the Board of County Commissioners as matter of policy. The initial adopted budget was
amended in accordance with Florida Statutes.
7) Florida State 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 departmental budget becomes the level
of control.
Formal budgetary integration is employed as a management control device during the fiscal year for all funds. Budgets have
been legally adopted by the Board for all Board departments except for the agency funds and the Impact Fees Escrow special
revenue fund. The Property Appraiser and the Tax Collector adopt budgets for their general funds independently of the
Board. The Clerk of Courts operates as a fee officer, and as such, prepares its budget in accordance with Section 218.35,
Florida Statutes.
The Sheriff and Supervisor of Elections prepare budgets for their general funds, which are submitted to and approved by the
Board. The Clerk of Court’s budget for court related functions is prepared according to Section 28.36 Florida Statutes and
submitted to the Clerks of Court Operations Corporation for approval by the Legislative Budget Commission.
Budgets are adopted for all governmental departments 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 and expenditures and mark to market activity on investments. All unencumbered appropriations lapse at the end
of the current year. For further information regarding encumbrances, refer to Note 16 on page 81.
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, expenditures and changes in fund balances have not been reflected in the budgetary financial
statements. Specifically, bad debt expense and the net change in fair value of investments are not presented in the budget
to actual statements.
41
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
CASH AND INVESTMENTS
Florida Statutes Section 218.415 establishes guidelines for Florida local government investment policies. The County’s current
investment policy, as amended, was adopted December 9, 2014 by Resolution 2014‐260 and is consistent with the
requirements of that statute. This investment policy authorized the following investments:
1) U.S. Treasury and Government Guaranteed – U.S. Treasury obligations and obligations the principal and interest of
which are backed or guaranteed by the full faith and credit of the U.S. Government;
2) Federal Agency/Government Sponsored Enterprise – Debt obligations, participations or other instruments issued or
fully guaranteed by any U.S. Federal agency, instrumentality or government sponsored enterprise;
3) Corporates – U.S. dollar denominated corporate notes, bonds or other debt obligations issued or guaranteed by a
domestic corporation, financial institution, non‐profit or other entity;
4) Municipals – Obligations, including both taxable and tax‐exempt, issued or guaranteed by any State, territory or
possession of the United States, political subdivision, public corporation, authority, agency board, instrumentality or
other unit of local government of any State or territory;
5) Agency Mortgage Backed Securities – Mortgage backed securities, backed by residential, multi‐family or commercial
mortgages, that are issued or fully guaranteed as to principal and interest by a U.S. Federal agency or government
sponsored enterprise, including but not limited to pass‐throughs, collateralized mortgage obligations and real estate
mortgage investment conduits;
6) Non‐Negotiable Certificates of Deposit ‐ Non‐negotiable interest bearing time certificates of deposit or savings
accounts in banks organized under the laws of this state or in national banks organized under the laws of the United
States and doing business in this state, provided that any such deposits are secured by the Florida Security for Public
Deposits Act, Chapter 280, Florida Statutes;
7) Depository Bank Account – Negotiated Order of Withdrawal accounts in banks organized under the laws of this state
or in national banks organized under the laws of the United States and doing business in this state, provided that
any such deposits are secured by the Florida Security for Public Deposits Act, Chapter 280, Florida Statutes;
8) Commercial Paper – U.S. dollar denominated commercial paper issued or guaranteed by a domestic corporation,
company, financial institution, trust or other entity, including both unsecured debt and asset backed programs;
9) Repurchase Agreements – Repurchase agreements must be governed by written agreement, counterparty must be
a Federal Reserve Bank, a Primary Dealer or a nationally chartered commercial bank. Acceptable underlying
securities must be direct obligations of, or that are fully guaranteed by, the United States or any agency of the United
States, or U.S. Agency backed mortgage related securities with an aggregate current market value of at least 102%
(or 100% if the counterparty is a Federal Reserve Bank) of the purchase price plus current accrued price differential;
10) Money Market Funds – Shares in open end and no load money market mutual funds, provided such funds are
registered under the Investment Company Act of 1940 and operate in accordance with Security and Exchange
Commission Rule 2a‐7;
11) Fixed‐Income Mutual Funds – Shares in open end and no load fixed income mutual funds whose underlying
investments would be permitted for purchase under the investment policy and all its restriction
12) Local Government Investment Pools – State, local government or privately sponsored investment pools that are
authorized pursuant to state law;
13) The Florida Local Government Surplus Funds Trust Funds (Florida Prime).
42
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
The County maintains a cash and investment pool that is available for use by all funds. Investment income is allocated to
individual funds based upon their average daily balance in the cash and investment pool. Each fund’s individual equity in the
County’s cash and investment pool is considered to be a cash equivalent as the funds can deposit or withdraw cash at any
time without notice or penalty. The statement of cash flows for the proprietary funds also uses this methodology.
Investments in debt securities are recorded at fair value based upon values obtained from an independent pricing service.
Investments in the Local Government Surplus Funds Trust Fund (Florida Prime) are stated at fair value. The County
categorizes its fair value measurements within the fair value hierarchy established in GASB Statement No. 72, “Fair Value
Measurements and Application”.
Florida PRIME is considered a qualifying external investment pool that meets all of the necessary criteria to elect to measure
all of the investments at amortized cost. Therefore, the fair value of the County’s position in the pool is the same as the value
of the pool shares. The Florida PRIME investments are not categ orized because they are not evidenced by securities that exist
in physical or book entry form. Throughout the year, and as of September 30, 2018, Florida PRIME contained certain floating
and adjustable rate securities. These investments represented 33.5% of Florida PRIME’s portfolio at September 30, 2018.
In accordance with GASB Statement No. 79, “Certain External Investment Pools and Pool Participants”, as a participant in a
qualifying external investment pool, the County should disclose the presence of any limitations or restrictions on withdrawals
(such as redemption notice periods, maximum transaction amounts, and the qualifying external investment pool’s authority
to impose liquidity fees or redemption gates) in notes to the financial statements.
With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that "The principal, and any part thereof, of
each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the
Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of
the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest
moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants,
the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local
Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the
Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to
convene an emergency meeting before the expiration of the 48‐hour moratorium on contributions and withdrawals, the
moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the
moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an
additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time
limit set, but in no case may the time limit set by the Trustees exceed 15 days."
With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early
withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such
disclosure has been made.
As of September 30, 2018, there were no redemption fees or maximum transaction amounts, or any other requirements that
serve to limit a participant's daily access to 100 percent of their account value.
RECEIVABLES
All trade receivables are reported net of an allowance for uncollectibles, which is generally a year except for Emergency
Medical Services receivable which uses an estimated uncollectible percentage.
43
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
INVENTORIES AND PREPAID COSTS
Inventory is valued at cost 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 rather than when
purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
items. Inventories and prepaid costs reported within governmental funds are classified as non‐spendable, 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.
Inventory held for resale consists of real estate holdings, acquired through various programs, which the County intends to
sell. The value of these properties includes the original purchase price plus the cost of any rehabilitation. Inventory held for
resale of $9,796,692 is classified as restricted, which indicates that they do not constitute available resources.
CAPITAL ASSETS
Capital assets, which include property, plant, equipment and infrastructure (e.g., roads and bridges, water and wastewater
systems, drainage systems and similar items), are reported in the proprietary fund financial statements and in the
governmental or business‐type activities columns in the government‐wide financial statements. Capital assets are reported
at cost where historical records are available and at estimated fair value in the absence of historical cost records. Capital
contributions are recorded at acquisition value on the date donated.
The County capitalizes expenditures with a cost of $1,000 or more and with a useful life in excess of one year. Betterments
and major improvements which significantly increase value, change capacity or extend useful lives are also capitalized.
Expenditures for maintenance and repairs are charged to operating expenses. The cost of capital assets retired or sold,
together with the related accumulated depreciation, is removed from the respective accounts and any gain or loss on
disposition is credited or charged to earnings in the government‐wide financial statements and proprietary fund financial
statements.
Depreciation is calculated using the straight‐line method. The estimated useful life of the various classes of depreciable
capital assets is as follows:
Capital Asset Class Estimated Useful Life
Buildings 20‐45 years
Infrastructure 3‐30 years
Improvements other than buildings 4‐45 years
Machinery and equipment 3‐20 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 Position. For capital lease obligations originating in
governmental funds, an expenditure for the asset and the offsetting other financing source is reflected in the fund financial
statements in the year of inception.
DEFERRED OUTFLOWS/INFLOWS OF RESOURCES
In addition to assets, the statement of financial position reports a separate section for deferred outflows of resources. This
separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies
to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
44
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
The deferred outflows of resources reported in the County’s statement of net position represent changes in actuarial
assumptions, the net difference between projected and actual earnings on investments, changes in the proportion and
differences between the County’s contributions and proportionate share of contributions and the County’s contributions
subsequent to the measurement date, relating to the Florida Retirement System Pension Plan and the Retiree Health
Insurance Subsidy Program. In addition, deferred outflows related to the difference between expected and actual economic
experience relating to the Florida Retirement System Pension and the Other Post Employment Benefits Plan were reported.
These amounts will be recognized as increases in pension expense and OPEB expense in future years. The County also reports
the deferred charge on refunding as a deferred outflow in the proprietary and government wide statements of net position.
A deferred charge results from the difference in the carrying value of refunded debt and its reacquisition price. This amount
is deferred and amortized over the shorter of the life of the refunded or refunding debt.
In addition to liabilities, the statement of financial position reports a separate section for deferred inflows of resources. This
separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to
a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The deferred inflows of
resources reported in the County’s statement of net position represent the difference between expected and actual economic
experience, changes in actuarial assumptions, net difference between projected and actual earnings on investments, and
changes in the proportion and differences between the County’s contributions and proportionate share of contributions
relating to the Florida Retirement System Pension Plan, the Retiree Health Insurance Subsidy Program and the Other Post
Employment Benefits Plan. These amounts will be recognized as reductions in pension expense and OPEB expense in future
years. The County has also recorded amounts associated with long term receivables, primarily related to deferred impact fee
agreements, as deferred inflows.
BOND PREMIUMS, LOSS ON DEFEASANCE AND ISSUANCE COSTS
Bond premiums and bond insurance costs for the governmental activities and the business‐type activities are deferred and
amortized over the term of the bonds using the straight‐line method which approximates the effective interest method. Bond
premiums are presented as an increase to the face amount of bonds payable, while bond insurance costs are recorded as
deferred charges and shown on the face of the Statement of Net Position as a component of noncurrent assets.
Pursuant to GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, the gain or loss on defeasance of
debt is reported as a deferred inflow or outflow of resources. The gain or loss is calculated as the difference between the
reacquisition price of the refunded debt and the net carrying amount at the time of the refunding. The gain or loss is
amortized on a straight line basis over the shorter of the life of the new debt or the remaining life of the old debt as a
component of interest expense.
In the governmental fund financials, bond premiums and issuance costs, including bond insurance costs, are recognized in
the current period. The face amount of debt is reported as other financing sources. Premiums received on debt issuances
are also reported as other financing sources. Issuance costs, including bond insurance costs, whether or not they have been
paid from debt proceeds are reported as debt service expenditures.
PROPERTY TAXES
Property taxes become due and payable on November 1st of each year and become delinquent on April 1st of the following
year. Property taxes receivable and a corresponding allowance for uncollectible property taxes are not included in the
financial statements, as delinquent taxes as of September 30, 2018 are not significant. 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 no later than June 1st of each year.
45
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
No accrual for the property tax levy becoming due in November 2018 is included in the accompanying financial statements,
since such taxes are collected to finance expenditures of the subsequent period.
Key dates in the property tax cycle for the fiscal year ended September 30, 2018 are as follows:
Property Tax Cycle Date
Assessment roll compiled January 1, 2017
Assessment roll certified July 1, 2017
Millage resolution approved Within 35 days of the certification of the assessment roll
Beginning of fiscal year for tax levy October 1, 2017
Taxes due and payable (levy date) November 1, 2017
Collection dates By November 30:
By December 31:
By January 31:
By February 29:
4% discount
3% discount
2% discount
1% discount
Due date March 31, 2018
Delinquent (lien date) April 1, 2018
Tax certificates sold Prior to June 1, 2018
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.
UNEARNED REVENUE
In instances where assets have been received by the County for services to be rendered in future periods, asset balances are
offset by an unearned revenue liability account in the financial statements. Unearned revenues of the County as of
September 30, 2018 are gift certificates issued and prepayments on accounts.
ACCRUED COMPENSATED ABSENCES
The County follows the provisions of GASB Statement No. 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 Board of County Commissioners’ policy to allow employees of record on August 2, 1996 a sick leave payment upon
termination for any service period earned prior to August 2, 1996 and a payout of unused vacation up to 440 hours for all
employees. The Sheriff’s policy allows for a percentage of unused sick leave payout based upon years of service, not to
exceed 2,000 hours, and up to 500 hours of unused vacation time. As of September 15, 2017, the Sheriff authorized unused
vacation balances to be temporarily raised to 600 hours, effective through December 31, 2018. This change was made as a
result of Hurricane Irma which prevented most members from taking any vacation time prior to, during, and for a period after
the hurricane because of required work schedules during the declared state of emergency.
46
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
Both the Clerk of the Circuit Court and Comptroller’s and Tax Collector’s policies allow for a percentage of unused sick leave
payout based upon years of service, and up to 240 hours of unused vacation hours. The Property Appraiser’s policy allows
for a percentage of unused sick leave payout based upon years of service, not to exceed 1,040 hours, and up to 200 hours of
unused vacation hours. The Supervisor of Election’s policy allows for a percentage of unused sick leave payout based upon
years of service, and up to 440 hours of unused vacation.
Payments for compensated absences are made by the respective fund. Accrued compensated absences are recorded as
liabilities in the government‐wide financial statements and the proprietary fund financials. A liability is reported in
governmental funds only if they have matured, for example, as a result of employee resignations or retirements, and are
considered due and payable as of year end.
PENSIONS
In the government‐wide and proprietary funds statements of net position, liabilities are recognized for the County’s
proportionate share of each pension plan’s net pension liability. For purposes of measuring the net pension liability, deferred
outflows/inflows of resources, and pension expense, information about the fiduciary net position of the Florida Retirement
System (FRS) defined benefit plan and the Health Insurance Subsidy (HIS) and additions to/deductions from FRS’s and HIS’s
fiduciary net position have been determined on the same basis as they are reported by the FRS and HIS plans. For this purpose,
plan contributions are recognized as of employer payroll paid dates and benefit payments and refunds of employee
contributions are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair
value.
OTHER POST EMPLOYMENT BENEFITS (OPEB)
In the government‐wide and proprietary funds statements of net position, liabilities are recognized for the County’s total
OPEB liability as determined by an actuarial review of the healthcare coverage purchased by retirees to continue participation
in the County’s self‐insured health plan. The County is responsible for covering the excess of retiree claims over premium
payments made by retirees to the County, which creates an other post employment benefit. OPEB expense is recognized
immediately for changes in the OPEB liability resulting from current year service cost, interest on the total OPEB liability and
changes of benefit terms or actuarial assumptions.
ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS
For the year ended September 30, 2018, the financial statements include the impact of the adoption of GASB Statement No.
89, Accounting for Interest Cost Incurred before the End of a Construction Period. The primary objectives of this Statement
are to enhance the relevance and comparability of information about capital assets and the cost of borrowing for a reporting
period and the simplification of accounting for interest cost incurred before the end of a construction period. This Statement
replaces the requirements of GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained
in Pre‐November 30, 1989 FASB and AICPA Pronouncements.
The statements also include the impact of the adoption of GASB Statement No. 82, Pension Issues, and GASB Statement No.
85, Omnibus 2017. GASB Statement No. 82 addresses issues regarding the presentation of payroll related measures in
required supplementary information, the selection of assumptions and the treatment of deviations from the guidance in an
Actuarial Standard of Practice for financial reporting purposes and the classification of payments made by employers to satisfy
employee contribution requirements. GASB Statement No. 85 establishes accounting and financial reporting requirements
for blending component units, goodwill, fair value measurement and application and postemployment benefits. Lastly, the
statements include the impact of the adoption of GASB Statement No. 88, Certain Disclosures Related to Debt, including Direct
Borrowings and Direct Placements. The objective of GASB Statement No. 88 is to improve consistency in the information that
is disclosed in notes to government financial statements related to debt, including direct borrowings and direct placements,
and to provide financial statement users with additional essential information about debt.
47
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 2 – CASH AND INVESTMENTS
As of September 30, 2018, the County had the following cash and investments:
Investment
Final
Maturities Fair Value
First
Call Date Call Frequency Rating *
Cash on hand N/A 101,953$ N/A N/A N/A
Demand deposits N/A 98,928,905 N/A N/A N/A
Cash with fiscal agent N/A 11,790,009 N/A N/A N/A
Money market / CD N/A 51,394,242 N/A N/A N/A
State Board of Administration Pool:
Florida PRIME N/A 40,394,448 N/A N/A AAAm
US Treasury Note 9/30/18 499,775 N/A N/A AA+
US Treasury Note 10/31/18 24,973,425 none N/A AA+
Federal Farm Credit Bank 11/19/18 249,565 N/A N/A AA+
Federal Farm Credit Bank 12/19/18 9,977,360 none N/A AA+
Federal Farm Credit Bank 12/21/18 24,945,700 12/21/16 continuously AA+
Federal Farm Credit Bank 12/27/18 23,985,186 12/27/17 continuously AA+
US Treasury Note 12/31/18 498,940 N/A N/A AA+
US Treasury Note 2/15/19 432,399 N/A N/A AA+
Federal Home Loan Bank 2/26/19 497,900 N/A N/A AA+
US Treasury Bill 2/28/19 24,762,500 none N/A AA+
US Treasury Bill 2/28/19 24,762,500 none N/A AA+
Federal Home Loan Bank 3/18/19 14,931,645 none N/A AA+
US Treasury Note 3/31/19 497,070 N/A N/A AA+
Federal Home Loan Bank 4/4/19 9,986,130 none N/A AA+
US Treasury Bill 4/25/19 49,329,800 none N/A AA+
US Treasury Note 6/30/19 495,235 N/A N/A AA+
Federal Farm Credit Bank 7/1/19 39,570,160 none N/A AA+
Federal National Mortgage Association 7/12/19 24,709,675 1/12/17 quarterly AA+
Federal Farm Credit Bank 7/12/19 494,375 N/A N/A AA+
US Treasury Bill 7/18/19 19,605,680 none N/A AA+
US Treasury Bill 7/18/19 19,605,680 none N/A AA+
Federal Home Loan Bank 8/5/19 24,640,550 none N/A AA+
US Treasury Bill 8/15/19 48,903,000 none N/A AA+
Federal Home Loan Mortgage Corporation 8/28/19 24,702,875 11/28/16 quarterly AA+
Federal National Mortgage Association 8/28/19 14,783,805 none N/A AA+
Federal Home Loan Bank 8/28/19 247,652 N/A N/A AA+
US Treasury Note 9/30/19 485,975 N/A N/A AA+
US Treasury Note 10/15/19 24,573,250 none N/A AA+
US Treasury Note 10/31/19 246,845 N/A N/A AA+
Federal Home Loan Bank 12/13/19 492,130 N/A N/A AA+
Federal National Mortgage Association 2/5/20 487,444 N/A N/A AA+
Federal Farm Credit Bank 2/20/20 494,650 N/A N/A AA+
Federal National Mortgage Association 7/27/20 24,268,625 1/27/17 quarterly AA+
Federal Home Loan Mortgage Corp.9/29/20 246,038 N/A N/A AA+
Federal Home Loan Bank 10/19/20 490,970 N/A N/A AA+
US Treasury Note 10/31/20 244,523 N/A N/A AA+
Federal Farm Credit Bank 2/8/21 24,708,275 8/8/18 continuously AA+
Federal Home Loan Bank 2/12/21 247,930 N/A N/A AA+
Federal Home Loan Mortgage Corp.5/25/21 537,312 N/A N/A AA+
Federal Farm Credit Bank 8/16/21 143,923 N/A N/A AA+
Federal Farm Credit Bank 9/1/21 9,919,180 6/1/18 monthly AA+
Federal Home Loan Bank 9/27/21 24,077,725 12/27/16 continuously AA+
Federal National Mortgage Association 9/30/21 23,792,600 3/30/17 quarterly AA+
Federal Home Loan Bank 11/28/22 24,186,025 11/28/18 quarterly AA+
Federal Home Loan Mortgage Corporation 12/7/22 24,170,550 12/7/18 quarterly AA+
Federal Home Loan Mortgage Corporation 3/8/23 11,811,612 6/8/18 quarterly AA+
826,323,721$
* Standard and Poor's rating
48
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
The County maintains a cash and investment pool that is available for use by all funds. Each fund’s portion of this pool is
displayed on the 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.
CREDIT RISK
Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The County’s
investment policy limits credit risk by restricting authorized investments to the Florida Local Government Surplus Trust Fund
(Florida PRIME), direct obligations of, or obligations backed by the full faith and credit of the United States Government, U.S.
government sponsored Corporation/Instrumentalities (except for Student Loan Marketing Association), certificates of
deposit collateralized by U.S. Government Securities or Agencies, fixed income mutual funds collateralized by U.S.
Government Securities or Agencies, domestic bankers’ acceptances rated “AA” or higher, prime commercial paper rated “A‐
1” and “P‐1”, tax‐exempt obligations rated “AA” or higher and issued by state or local governments, NOW accounts fully
collateralized in accordance with Chapter 280, Florida Statutes and qualifying repurchase agreements. The policy requires
that each firm involved in a repurchase agreement must execute the County’s master repurchase agreement, a third party
custodian must hold collateral for all repurchase agreements with a term of more than one day and the market value of the
collateral shall maintain a minimum price of 101 percent on U.S. Government securities and 104 percent on Agencies and
Instrumentalities with a term over five (5) years, and must be marked to market at least weekly. Florida PRIME is an
investment pool administered by the State Board of Administration (SBA), under the regulatory oversight of the State of
Florida. At September 30, 2018, the County had $40,394,448 invested in the State Board of Administration’s Local
Government Surplus Funds Trust Fund Investment Pool. All of these funds are held in the Florida PRIME pool. Florida PRIME
is rated “AAAm” by Standard & Poor’s Ratings Services.
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 25% to 200% 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.
CUSTODIAL CREDIT RISK
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government
will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside
party. At September 30, 2018, the County had demand deposits of $98,928,905. All balances in excess of the Federal
Depository Insurance Corporation (FDIC) insurance for these demand deposits are fully collateralized by the multiple financial
institutions’ collateral pool in accordance with Florida Statutes Section 280. The discretely presented component unit
demand deposits of $264,511 are secured by the FDIC as individual entity balances do not exceed $250,000. Custodial credit
risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be
able to recover the value of the investment or collateral securities that are in the possession of an outside party. The County’s
investment policy requires execution of a third‐party custodial safekeeping agreement for purchased securities and collateral,
and requires that securities be held in the County’s name.
INTEREST RATE RISK
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. One of
the primary objectives of the investment policy is to match investment cash flow and maturity with known cash needs and
anticipated cash flow requirements. The County limits exposure to interest rate risk by structuring the portfolio to meet daily
cash flow demands. Investments shall have an average maturity of not more than five years, except for mortgage securities.
Mortgage securities will not be used to match liabilities that are reasonably definable as to amount and disbursement date
and are used to invest funds associated with reserves or liabilities that are not associated with a specifically identified cash
flow schedule.
49
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
The dollar weighted average days to maturity (WAM) of Florida PRIME at September 30, 2018, was 33 days. Next interest
rate reset dates for floating rate securities are used in the calculation of the WAM. The weighted average life (WAL) of Florida
PRIME at September 30, 2018, was 72 days.
The portion of the County’s cash and investments invested in U.S. Government Agencies is detailed as follows, at September
30, 2018:
Issuer % of Portfolio
Federal Home Loan Bank 12.08%
Federal Farm Credit Bank 16.28%
Federal Home Loan Mortgage Corporation 7.44%
Federal National Mortgage Association 10.65%
Total U.S. Government Agencies 46.45%
Reconciliation of cash and investments to the basic financial statements:
Primary government:
Cash and investments 390,719,742$
Cash with Fiscal Agent 11,790,009
Restricted cash and investments ‐ current 28,649,276
Restricted cash and investments ‐ noncurrent 358,313,994
Agency funds:
Cash and investments 36,850,700
Total 826,323,721$
FAIR VALUE MEASUREMENTS
GASB Statement No. 72, Fair Value Measurements and Application, sets forth the framework for measuring fair value. That
framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The
hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
The three levels of the fair value hierarchy under GASB Statement No. 72 are described as follows:
Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active
markets that the County has the ability to access.
Level 2 – Inputs to the valuation methodology include:
Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets or liabilities in inactive markets;
Inputs other than quoted prices that are observable for the asset or liability;
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Unobservable inputs, if any, reflect the County’s own assumptions about the inputs market participants would use in
pricing the asset or liability (including assumptions about risk). Unobservable inputs are developed based on the best
information available in the circumstances and may include the County’s own data.
50
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
The County has the following recurring fair value measurements as of September 30, 2018:
US Treasury Notes and Bills classified as Level 1 of the fair value hierarchy were valued using prices quoted in active
markets for those securities. As of September 30, 2018, the fair value of the County’s US Treasury Notes and Bills was
$239,916,597.
US Agency obligations classified as Level 2 of the fair value hierarchy were valued using quoted prices for similar assets
in active markets for those securities. As of September 30, 2018, the fair value of the County’s US Agency obligations
was $383,797,567.
NOTE 3 ‐ TRADE RECEIVABLES
Trade receivables for Governmental and Business‐type Activities are net of an allowance for doubtful accounts as follows:
Trade
Receivables
Less Allowance for
Doubtful Accounts
Net Trade
Receivables
General Fund 1,268,744$ 707,835$ 560,909$
Bayshore Gateway Community Redevelopment Agency 12,720 12,720 ‐
Nonmajor Governmental Funds 2,015,584 425,950 1,589,634
Total receivables reported in Governmental Funds 3,297,048 1,146,505 2,150,543
Total receivables reported in Internal Service Funds 34,312 14,519 19,793
Total Governmental Activities trade receivables 3,331,360$ 1,161,024$ 2,170,336$
County Water and Sewer 13,193,595$ 8,407$ 13,185,188$
Solid Waste Disposal 1,655,562 633 1,654,929
Emergency Medical Services 24,513,830 23,088,357 1,425,473
Nonmajor Enterprise Funds 93,565 18,577 74,988
Total Business‐type Activities trade receivables 39,456,552$ 23,115,974$ 16,340,578$
The County has multi and single‐family home rehabilitation and homeownership loan programs funded under the Community
Development Block Grant (CDBG), HOME Investment Partnership Loan Program (HOME), Disaster Recovery Initiative (DRI),
Neighborhood Stabilization Program (NSP) and the State Housing Initiative Partnership Program (SHIP). If the homeowners
remain in their homes for the full term of the deferred loan, the loan is forgiven. If the property is transferred or sold before
the end of the loan period, the proceeds from the repayment including interest, if any, are then repaid and returned to the
appropriate grant program. A lien is placed against the property to ensure the repayment of the loan and interest, if any. As
collection is uncertain on these loans, they are not recognized in the financial statements.
51
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 4 – INTERFUND PAYABLES AND RECEIVABLES
ADVANCES
Advances are made to funds for the purposes of capital acquisitions and improvements. Reimbursements will take place over
the next several years as funds are available. Advances to and advances from other funds at September 30, 2018 were as
follows:
Advance To Advance From
Governmental Activities:
General Fund 589,875$ ‐$
Immokalee Community Redevelopment Agency ‐ 178,901
Other governmental funds:
Unincorporated Area MSTD 342,829 ‐
Community Development 9,264 ‐
Improvement Districts ‐ 113,800
Fire Control Districts ‐ 268,100
County‐Wide Capital Improvement 5,306,800 ‐
County‐Wide Library Impact Fees ‐ 311,600
Emergency Medical Services Impact Fees ‐ 1,962,800
Government Facilities Impact Fees Fund ‐ 3,354,175
Other Capital Projects ‐ 9,264
Total Governmental Activities 6,248,768 6,198,640
Business‐type Activities:
County Water and Sewer 41,091,750 50,128
Solid Waste Disposal ‐ 41,091,750
Total Business‐type Activities 41,091,750 41,141,878
Total Advances 47,340,518$ 47,340,518$
DUE FROM AND DUE TO
Interfund receivables and payables generally result from recording the excess fees associated with Tax Collector and Property
Appraiser services, as excess fees are allocated from the General Fund back to the funds that paid for the collection services.
Excess fees are calculated after year end, and as such are interfund receivables and payables. Other outstanding balances
are the result of time delays between the provision and payment of interfund services and to cover temporary cash deficits.
52
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 4 – INTERFUND PAYABLES AND RECEIVABLES – CONTINUED
Due from and due to other funds at September 30, 2018 were as follows:
Due From Due To
Governmental Activities:
General Fund 639,087$ 1,743,049$
Bayshore Gateway Community Redevelopment Agency ‐ 63,735
Immokalee Community Redevelopment Agency ‐ 67,116
Other Governmental Funds:
Road Districts 872,580 ‐
Unincorporated Area MSTD 397,981 6,382
Water Management and Pollution Control 94,627 ‐
Grants and Shared Revenues 1,414,415 1,673,343
Improvement Districts 36,572 1,482
Fire Control Districts 13,941 ‐
Lighting Districts 11,614 ‐
911 Enhancement Fee ‐ 118,776
Tourist Development 250,574 ‐
800 MHz 32,682 ‐
State Court Administration ‐ 10,005
Confiscated Property ‐ 5,231
Ave Maria Innovation Zone ‐ 22,867
Other Public Safety Revenue Funds ‐ 90,710
Other Special Revenue Funds 141 ‐
Forest Lakes Limited General Obligation Bonds 4,707 ‐
Special Obligation Revenue Bonds ‐ 8,650,000
Other Debt Service ‐ 56
County‐Wide Capital Improvement ‐ 63,471
Parks Improvements 37,287 ‐
County Wide Library 409,000 ‐
Correctional Facilities Impact Fee 1,370,000 ‐
Emergency Medical Services Impact Fee 209,000 ‐
Water Management 634,794 1,266,790
Parks Impact Fee 2,489,000 ‐
Road Construction 680,110 ‐
Government Facilities Impact Fee 2,795,000 ‐
Law Enforcement Impact Fee 506,000 ‐
Other Capital Projects 3,299 ‐
Total other governmental funds 12,263,324 11,909,113
Business‐type Activities:
Solid Waste 365,580 853
Emergency Medical Services ‐ 11,036
Other Business‐type funds:
Airport Authority ‐ 169
Collier Area Transit 12,013 1,040
Total other Business‐type funds 12,013 1,209
Internal Service Funds 516,107 ‐
Total All Funds 13,796,111$ 13,796,111$
53
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 5 – CAPITAL ASSETS
A summary of capital asset activity for the year ended September 30, 2018 is as follows:
October 1,
2017 Additions Deductions
Transfers and
Reclassifications
September 30,
2018
Governmental Activities:
Capital assets not depreciated:
Land and other non‐depreciable assets 420,184,753$ 16,579,584$ ‐$ ‐$ 436,764,337$
Construction in progress 83,938,571 46,302,699 (22,866) (85,979,095) 44,239,309
Total capital assets not depreciated 504,123,324 62,882,283 (22,866) (85,979,095) 481,003,646
Capital assets depreciated:
Buildings 457,608,765 2,486 (1,850) 4,579,180 462,188,581
Infrastructure 1,071,323,367 303,588 (16,350) 61,083,588 1,132,694,193
Improvements other than buildings 290,040,716 392,744 (23,236) 14,353,956 304,764,180
Machinery and equipment 200,093,383 24,040,563 (9,727,890) 5,958,592 220,364,648
Total capital assets depreciated 2,019,066,231 24,739,381 (9,769,326) 85,975,316 2,120,011,602
Less accumulated depreciation:
Buildings 190,936,597 14,357,913 (1,850) ‐ 205,292,660
Infrastructure 408,599,688 36,226,586 (16,350) (75) 444,809,849
Improvements other than buildings 188,310,280 9,979,961 (15,228) ‐ 198,275,013
Machinery and equipment 160,760,982 12,510,349 (9,692,184) 722 163,579,869
Total accumulated depreciation 948,607,547 73,074,809 (9,725,612) 647 1,011,957,391
Total depreciable capital assets, net 1,070,458,684 (48,335,428) (43,714) 85,974,669 1,108,054,211
Total Governmental Activities
capital assets, net 1,574,582,008$ 14,546,855$ (66,580)$ (4,426)$ 1,589,057,857$
Business‐type Activities:
Capital assets not depreciated:
Land and other non‐depreciable assets 31,486,366$ 2,742,340$ ‐$ ‐$ 34,228,706$
Construction in progress 66,304,879 43,832,879 (988,385) (39,085,838) 70,063,535
Total capital assets not depreciated 97,791,245 46,575,219 (988,385) (39,085,838) 104,292,241
Capital assets depreciated:
Buildings 151,404,500 6,675,449 (77,910) 366,736 158,368,775
Improvements other than buildings 1,197,860,963 36,966,176 (653,524) 27,877,699 1,262,051,314
Machinery and equipment 67,566,232 6,722,625 (3,317,361) 10,845,182 81,816,678
Total capital assets depreciated 1,416,831,695 50,364,250 (4,048,795) 39,089,617 1,502,236,767
Less accumulated depreciation:
Buildings 87,826,888 4,908,359 (19,438) ‐ 92,715,809
Improvements other than buildings 474,573,646 39,360,675 (515,833) 75 513,418,563
Machinery and equipment 39,747,483 7,979,924 (3,217,861) (722) 44,508,824
Total accumulated depreciation 602,148,017 52,248,958 (3,753,132) (647) 650,643,196
Total depreciable capital assets, net 814,683,678 (1,884,708) (295,663) 39,090,264 851,593,571
Total Business‐type Activities
capital assets, net 912,474,923$ 44,690,511$ (1,284,048)$ 4,426$ 955,885,812$
54
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 5 – CAPITAL ASSETS – CONTINUED
Schedule of depreciation for fiscal year 2018:
General Government 7,745,663$
Public Safety 11,344,587
Physical Environment 5,315,049
Transportation 36,290,688
Economic Environment 361,878
Human Services 352,034
Culture and Recreation 8,614,210
Subtotal 70,024,109
Internal Service Funds 3,050,700
Total Governmental Activities 73,074,809$
Water and Sewer 45,664,287$
Solid Waste 1,508,112
EMS 1,646,623
Airport Authority 1,525,540
Mass Transit 1,904,396
Total Business‐type Activities 52,248,958$
NOTE 6 – LONG‐TERM DEBT
SUMMARY OF CHANGES IN LONG‐TERM OBLIGATIONS
The following is a summary of changes in long‐term obligations for the year ended September 30, 2018:
October 1,
2017 Additions Reductions
Premium
Amortized
September 30,
2018
Due within
one year
Governmental Activities:
Bonds Payable $ 220,775 $ ‐ $ (54,685) $ ‐ $ 166,090 $ 14,205
Premium on Bonds Payable 13,871 ‐ (503) (1,447) 11,921 ‐
Direct Placement Loans Payable 74,155 43,713 (7,653) ‐ 110,215 7,965
Commercial Paper Loans ‐ 12,000 (100) ‐ 11,900 400
Notes Payable 5,072 ‐ (457) ‐ 4,615 473
Capital Lease Obligations 316 ‐ (80) ‐ 236 83
Self‐Insurance Claims 8,485 76,807 (73,156) ‐ 12,136 8,111
Compensated Absences 28,469 8,889 (7,728) ‐ 29,630 9,994
Total 351,143$ 141,409$ (144,362)$ (1,447)$ 346,743$ 41,231$
Business‐type Activities:
Bonds Payable 48,105$ ‐$ ‐$ ‐$ $ 48,105 ‐$
Premium on Bonds Payable 11,246 ‐ ‐ (603) 10,643 ‐
Direct Placement Loans Payable 20,825 35,965 (5,528) ‐ 51,262 6,261
Notes Payable 87,519 ‐ (9,574) ‐ 77,945 9,369
Capital Lease Obligations 865 ‐ (344) ‐ 521 348
Landfill Closure Liability 1,777 ‐ (27) ‐ 1,750 ‐
Compensated Absences 2,942 2,706 (2,496) ‐ 3,152 2,522
Total 173,279$ 38,671$ (17,969)$ (603)$ 193,378$ 18,500$
000's Omitted
55
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
DESCRIPTIONS OF BONDS, LOANS AND NOTES PAYABLE
Bonds, loans and notes payable at September 30, 2018 were composed of the following:
GOVERNMENTAL ACTIVITIES
Governmental Activities Limited General Obligation Bonds
$6,215,000 2007 Limited General Obligation Bonds, Forest Lakes Roadway and Drainage
Municipal Service Taxing Unit, duein installments of $300,000 to $540,000 through January 1,
2022; interest at 3.75% to 4.25% and collateralized by a limited ad valorem pledge of up to 4
mils. Bonds were issued for purposes of financing the costs of certain roadway lighting,
drainage and restoration within the Forest Lakes Municipal Service Taxing Unit. 2,030,000$
Total Governmental Activities Limited General Obligation Bonds 2,030,000$
Governmental Activities Revenue Bonds
$38,680,000 2012 Gas Tax Refunding RevenueBonds, duein annual installments of $2,700,000
to $6,605,000 through June1,2023;interestat3.00%to 5.00%and collateralizedbya pledgeon
the combined gas tax proceeds. Bonds were issued for purposes of advance refunding the
County's 2003 Gas Tax Revenue Bonds. 17,220,000$
$59,895,000 2010 Special Obligation RevenueBonds, duein annual installments of $1,545,000
to $3,860,000 through July 1,2034;interestat3.00% to 4.50% and collateralized by a pledgeon
legally available non‐ad valorem revenues, including but not limited to the proceeds of the
local government half cent sales tax, state revenue sharing, communicati ons services tax and
charges and services generated by governmental activities. Bonds wereissued torefund all of
the County's then outstanding promissory notes issued pursuant to the pooled commercial
paper loan program of the Florida Local Government Finance Commission. 4,260,000
$24,620,000 2010BSpecial Obligation Refunding Revenue Bonds,due in annual installments of
$1,830,000 to $2,630,000 through October 1, 2021; interest at 3.00% to 5.00% and
collateralized by pledge on legally available non‐ad valorem revenues, including but not limited
to the proceeds of the local government half cent sales tax, state revenue s haring,
communications services tax and charges and services generated by governmental activities.
Bonds were issued for purposes of advance refunding the County's 2002 Capi tal Improvement
Revenue Bonds.9,960,000
$92,295,000 2011 Special Obligation Refunding Revenue Bonds, due in annual installments of
$1,605,000 to $8,270,000 through October 1, 2029; interest at 2.50% to 5.00% and
collateralized by a pledge on legally available non‐ad valorem revenues,including but not
limited to the proceeds of the local government half cent sales tax, state revenue sharing,
communications services tax and charges and services generated by governmental activities.
Bonds were issued for purposes of advancerefunding a portion of the County's 2003 and 2005
Capital Improvement and Refunding Revenue Bonds. 58,815,000
$73,805,000 2013 Special Obligation Refunding Revenue Bonds, due in annual installments of
$4,860,000 to $8,525,000 through October 1, 2035; interest at 3.50% to 4.00% and
collateralized by a pledge on legally available non‐ad valorem revenues,including but not
limited to the proceeds of the local government half cent sales tax, state revenue sharing,
communications services tax and charges and services generated by governmental activities.
Bonds were issued for purposes of advance refunding all of the County's remaining 2003 and
2005 Capital Improvement and Refunding Revenue Bonds. 73,805,000
Total Governmental Activities Revenue Bonds 164,060,000$
56
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
Governmental Activities Direct Placement Loans
$89,780,000 2014 Gas Tax Refunding Revenue Bond (Bank Term Loan) due in annual
installments of $1,065,000 to $13,265,000 through June 1, 2025; interest at 2.33% and
collateralized by a pledge on the combined gas tax proceeds. Loan was issuedtoadvance
refund a portion of the County's 2005 Gas Tax Revenue Bonds. 66,615,000$
$43,713,000 2017 Special Obligation Refunding Revenue Note (Bank Term Loan) due in annual
installments of $113,000 to $3,724,000 through July 1, 2034; interest at 3.09% and
collateralized by a pledge on legally available non‐ad valorem revenues,including but not
limited to the proceeds of the local government half cent sales tax, state revenue sharing,
communications services tax and charges and services generated by governmental activities.
Loan was issued to advance refund a portion of the County's 2010 Special Obl igation Revenue
Bonds.43,600,000
Total Governmental Activities Direct Placement Loans 110,215,000$
Governmental Activities Commercial Paper Loans
$12,000,000 Commercial Paper issued by the Florida Local Government Finance Commission
Pooled Commercial Paper Program due on June 6, 2023; monthly variable interest for the
current fiscal year of 2.03% to 2.73%, based on the underlying commercial paper that is
purchased and collateralized by all legally available non‐ad valorem revenues. Loan was
issued for purposes of purchasing a parcel of land for the County's amateur sports complex. 11,900,000$
Total Governmental Activities Commercial Paper Loans 11,900,000$
Governmental Activities Note Payable
$5,293,293 2017 Bayshore Gateway Community Redevelopment Agency Taxabl eNotewithTD
Bank, N.A., due in monthly installments of $35,574 to $52,349 through March 1, 2027;interest
at3.56%andcollateralized bya pledgeon all legally availablenon‐ad valorem revenues of the
Bayshore Gateway Community Redevelopment Agency. Note was issued to refund the 2013
Collier County Community Redevelopment Agency Taxable Note (Fifth Third Bank). 4,615,198$
Total Governmental Activities Note Payable 4,615,198$
Total Governmental Activities Obligations 292,820,198$
Unamortized Bond Premium 11,921,472$
Governmental Activities Obligations, Net 304,741,670$
Less Current Portion of Governmental Activities Obligations (23,043,424)$
Long‐Term Portion of Governmental Activities Obligations, Net 281,698,246$
BUSINESS‐TYPE ACTIVITIES
Business‐type Activities Revenue Bonds
$48,105,000 2016 Collier County Water and Sewer Refunding Revenue Bonds due in annual
installments of $5,035,000 to $7,090,000 through July 1, 2036; interest at 5.00% and
collateralized by a lien on and a pledge of net revenues of theCollier County Water and Sewer
District (District). Bonds were issued for purposes of currently refundi ng all of the District's
remaining 2006 Water and Sewer Revenue Bonds. 48,105,000$
Total Business‐type Activities Revenue Bonds 48,105,000$
57
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
Business‐type Activities Direct Placement Loans
$17,769,080 2013 Collier County Water and Sewer Refunding Revenue Bond (Bank Term Loan)
due in annual installments of $1,369,430 to $4,312,275 through July 1, 2021;interest at1.47%
and collateralized by a lien on and a pledgeof net revenues of the Collier County Water and
Sewer District. Loan was issued to currently refund all of theDistrict's 2003BWater and Sewer
Refunding Revenue Bonds. 4,281,907$
$17,687,000 2015 Collier County Water and Sewer Refunding Revenue Bond (Bank Term Loan)
due in annual installments of $2,533,000 to $4,561,000 through July 1, 2022;interest at1.75%
and collateralized by a lien on and a pledgeof net revenues of the Collier County Water and
Sewer District. Loan was issued to advance refund a portion of the District's 2006 Water and
Sewer Revenue Bonds.12,575,000
$35,965,000 2018 Collier County Water and Sewer Revenue Bond (Bank Term Loan) due in
annual installments of $1,560,000 to $3,945,000 through July 1, 2029; interest at 2.41% and
collateralized by a lien on and a pledgeof net revenues of theCollier County Water and Sewer
District. Loan was issued to finance the acquisition of water and wastewater utility facilities
within the Golden Gate Community. 34,405,000
Total Business‐type Activities Direct Placement Loans 51,261,907$
Business‐type Activities Notes Payable
$166,580 County Water and Sewer District agreement with private developer payable through
use of sewer impact fee credits. Non‐interest bearing agreemen t. 65,557$
$89,982,000 2016 County Water and Sewer District Refunding Revenue Note with Florida
Community Bank,N.A.,duein monthly installments of $2,881,000 to $9,574,000 through July 1,
2029; interest at 1.80% and collateralized by a subordinated pledge on the netrevenues of the
Collier County Water and Sewer District. Loan was issued to currently refu nd all of the
District's State Revolving Fund Loans. 77,879,000
Total Business‐type Activities Loans and Notes Payable 77,944,557$
Total Business‐type Activities Obligations 177,311,464$
Unamortized Bond Premium 10,643,362$
Business‐type Activities Obligations, Net 187,954,826$
Less Current Portion of Business‐type Activities Obligations Payable from Unrestricted Assets (11,673,360)$
Less Current Portion of Business‐type Activities Obligations Payable from Restricted Assets (3,956,677)$
Long‐Term Portion of Business‐type Activities Obligations, Net 172,324,789$
58
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
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, capitalized
leases, premiums, discounts and arbitrage rebate liability, are as follows:
Fiscal
Year
Principal Interest Principal Interest Principal Interest
2019 475,000$ 76,181$ 13,730,000$ 6,593,206$ 7,965,000$ 2,899,369$
2020 495,000 55,569 14,380,000 5,957,469 8,152,000 2,711,847
2021 520,000 34,000 12,780,000 5,303,606 10,576,000 2,519,915
2022 540,000 11,475 13,390,000 4,666,256 10,843,000 2,254,448
2023 ‐ ‐ 11,260,000 4,089,782 11,120,000 1,982,175
2024‐28 ‐ ‐ 38,730,000 14,899,966 40,834,000 5,503,384
2029‐33 ‐ ‐ 38,095,000 7,982,732 17,001,000 2,183,393
2034‐38 ‐ ‐ 21,695,000 1,229,300 3,724,000 115,072
Totals 2,030,000$ 177,225$ 164,060,000$ 50,722,317$ 110,215,000$ 20,169,603$
Governmental Activities
Limited General
Obligation Bonds Revenue Bonds Direct Placement Loans
Fiscal
Year Totals
Principal Interest Principal Interest
2019 400,000$ 705,000$ 473,424$ 156,626$ 33,473,806$
2020 400,000 681,000 490,556 139,494 33,462,935
2021 400,000 657,000 508,308 121,743 33,420,572
2022 400,000 633,000 526,702 103,349 33,368,230
2023 10,300,000 459,000 545,762 84,289 39,841,008
2024‐28 ‐ ‐ 2,070,446 134,733 102,172,529
2029‐33 ‐ ‐ ‐ ‐ 65,262,125
2034‐38 ‐ ‐ ‐ ‐ 26,763,372
Totals 11,900,000$ 3,135,000$ 4,615,198$ 740,234$ 367,764,577$
Governmental Activities
Notes PayableCommercial Paper Loans
Fiscal
Year Totals
Principal Interest Principal Interest Principal Interest
2019 ‐$ 2,405,250$ 6,261,480$ 1,112,167$ 9,368,557$ 1,401,822$ 20,549,276$
2020 ‐ 2,405,250 6,384,464 991,822 9,027,000 1,234,368 20,042,904
2021 ‐ 2,405,250 6,499,963 869,013 9,189,000 1,071,882 20,035,108
2022 ‐ 2,405,250 6,961,000 743,893 7,891,000 906,480 18,907,623
2023 ‐ 2,405,250 3,505,000 606,235 8,034,000 764,442 15,314,927
2024‐28 ‐ 12,026,250 18,815,000 1,723,753 31,554,000 1,776,312 65,895,315
2029‐33 27,835,000 9,378,250 2,835,000 68,323 2,881,000 51,858 43,049,431
2034‐38 20,270,000 2,060,000 ‐ ‐ ‐ ‐ 22,330,000
Totals 48,105,000$ 35,490,750$ 51,261,907$ 6,115,206$ 77,944,557$ 7,207,164$ 226,124,584$
Business‐type Activities
Revenue Bonds Notes PayableDirect Placement Loans
59
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
CURRENT YEAR FINANCING ACTIVITIES
On November 14, 2017 the Board of County Commissioners of Collier County, Florida and ex‐officio as the governing Board
of the Collier County Water‐Sewer District (District) authorized the acquisition of the real and personal property owned or
utilized by the Florida Governmental Utility Authority to provide water and wastewater services in Collier County, Florida, in
the Golden Gate Community, known as the Golden Gate Utility System (System). The transfer date was set as March 1, 2018
and the purchase price for the Golden Gate Utility System was established as the amount required to repay all outstanding
bonds and any additional obligations related to the System. On February 28, 2018 the Series 2018 Collier County Water and
Sewer Revenue Bond was issued in the par amount of $35,965,000 for purposes of acquiring the System and paying associated
costs of issuance. Effective as of the transfer date the Golden Gate Utility System was included in the Collier County Water‐
Sewer District service area.
On December 28, 2017, Collier County issued the Series 2017 Special Obligation Refunding Revenue Note (Bank Term Loan)
in the par amount of $43,713,000. These bonds were issued for the purpose of advance refunding portions of the County’s
outstanding Special Obligation Revenue Bonds, Series 2010. The final maturity of the Series 2017 Note is July 1, 2034, with
an interest rate of 3.09%. The advanced refunding achieved a net present value savings of 6.73% on the refunded bonds and
an aggregate debt service savings of $3,530,341 and an economic gain of $2,868,509. The Series 2017 Special Obligation
Refunding Revenue Note was issued as a direct placement financing, secured with a lien on parity with all outstanding Special
Obligation Refunding Revenue Bonds. The refunded Series 2010 Special Obligation Revenue Bonds have a redemption date
of July 1, 2020.
On April 30, 2018, Collier County issued a $12,000,000 commercial paper loan through the Florida Local Government Finance
Commission’s Pooled Commercial Paper Program. The loan was issued for purposes of acquiring land for the construction of
the County’s regional tournament caliber amateur sports complex.
RESTRICTIVE COVENANTS
According to County resolutions authorizing the issuance of the Series 2010, 2010B, 2011 and 2013 Special Obligation
Refunding Revenue Bonds and Series 2017 Special Obligation Refunding Revenue Note, the County has covenanted, subject
to certain restrictions and limitations, to appropriate in its annual budget, by amendment if necessary, from non‐ad valorem
revenues amounts sufficient to pay principal and interest on the combined Special Obligation Bonds and Notes.
According to County resolutions authorizing the issuance of the Series 2012 Gas Tax Revenue Refunding Bonds and Series
2014 Gas Tax Refunding Revenue Bond, the issues are payable from and secured by liens on gas tax revenues.
The covenants of the loan agreement authorizing the Florida Local Government Finance Commission loans include
appropriation in the annual amounts of non‐ad valorem revenues or other legally available funds sufficient to satisfy the loan
repayments.
Bayshore Gateway Community Redevelopment Agency (Agency) tax increment revenues are pledged for the repayment of
the Agency’s Series 2017 taxable note. The Agency has additionally covenanted to budget and appropriate from all legally
available non‐ad valorem revenues of the Agency to pay the Series 2017 note to the extent the tax increment revenues are
insufficient. The Series 2017 note does not constitute an indebtedness of the County and is payable solely from the security
provided by the Bayshore Gateway Community Redevelopment Agency. The Agency is required to have a debt service reserve
balance with the lending bank of $315,026 as of the end of fiscal year 2018. The Agency was in compliance with these
covenants for the year ended September 30, 2018.
60
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
The County Water and Sewer District (District) has pledged future water and sewer customer revenues, net of certain
operating expenses, to repay $99,366,907 in Series 2013, 2015, 2016 and 2018 revenue bonds. Proceeds from the bonds
were used for the refinancing of bonds issued for purposes of rehabilitation or expansion of the District’s water and sewer
systems. Principal and interest are payable through July 1, 2036, solely from the net revenues and certain other fees and
charges derived from operation of the County's Water and Sewer District (District). The pledge of net revenues by the District
from the operation of the system does not constitute a lien upon the system or any other property of the County. The
resolutions authorizing the revenue bonds include an obligation for the District to fix, establish and maintain such rates and
collect such fees so as to provide in each year net revenues, as defined in the bond resolutions, which together with system
development fees (impact fees) and special assessment proceeds (if applicable) received shall be at least 125% of the annual
debt service requirements for the bonds; provided, however, that net revenues in each fiscal year shall be adequate to pay
at least 100% of the annual debt service on the bonds. Fiscal year 2018 pledged revenues, net of operating expenses
(excluding depreciation and amortization), were $65,336,148, and $79,423,710 when system development fees were
included. Principal and interest paid on the bonds during fiscal year 2018 totaled $8,577,955, providing coverage of 762%
and 926%, respectively. In addition, bond covenants require a renewal and replacement amount equal to $300,000 in the
District funds. The District was in compliance with these covenants for the year ended September 30, 2018.
The District has a note outstanding in the amount of $77,879,000 with Florida Community Bank, N.A. This note is
collateralized by a lien on pledged revenues consisting of net revenues from the operations of the County Water and Sewer
System and system development fees. The lien is subordinate in all respects to the liens placed upon pledged revenues
established by bonded indebtedness. The District’s note was in compliance with these covenants for the year ended
September 30, 2018.
LEGAL DEBT MARGIN
The Constitution of the State of Florida and the Florida Statutes set no legal debt limit.
LEASE OBLIGATIONS
Capitalized leases payable at September 30, 2018 amounted to $757,334. These obligations, which are collateralized by
equipment and vehicles, have total annual installments ranging from $29,702 to $445,300 including interest ranging from
1.83% to 4.82% and mature through 2022. As of year‐end, equipment currently leased under capital leases in the
governmental activities had a historical cost of $1,001,732 and accumulated depreciation of $852,895. Equipment currently
leased under capital leases in the business‐type activities had a historical cost of $2,388,606 and accumulated depreciation
of $1,741,364.
Future minimum capital lease obligations as of September 30, 2018 were as follows:
Governmental Business‐type
Activities Activities Total
92,888$ 352,412$ 445,300$
92,887 94,432 187,319
40,234 78,693 118,927
29,702 ‐ 29,702
Total minimum lease payments 255,711 525,537 781,248
Less amount representing interest (19,278) (4,636) (23,914)
Present value of minimum
lease payments 236,433$ 520,901$ 757,334$
2019
2020
2021
2022
61
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 6 – LONG‐TERM DEBT – CONTINUED
The County also leases office space, office equipment and storage space under operating leases. These leases expire or are
cancellable within the next fiscal year. In the normal course of operations, these leases will be renewed or replaced by other
leases. Total rental expenditures for all operating leases within the governmental activities for the year ended September
30, 2018 were $1,868,081. Total rental expenditures for all operating leases within business‐type activities for the year ended
September 30, 2018 were $304,192.
NOTE 7 – 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 health park facilities. 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 and as such they are not reported as liabilities in the accompanying financial statements.
As of September 30, 2018, the outstanding principal amount payable on all component unit conduit debt was $379,938,485
and is made up of the following:
Industrial development revenue bonds 11,720,000$
Housing finance revenue bonds 24,285,898
Health facilities revenue bonds 246,085,000
Educational facilities revenue bonds 97,847,587
Total 379,938,485$
NOTE 8 – DEFINED BENEFIT PENSION PLANS
BACKGROUND
The Florida Retirement System (FRS) Pension Plan was created by Chapter 121, Florida Statutes, effective December 1, 1970.
The FRS is a qualified retirement plan under Section 401(a), Internal Revenue Code, created to provide a defined benefit
pension plan for participating public employees. The FRS was amended in 1998 to add the Deferred Retirement Option
Program under the defined benefit plan and amended in 2000 to provide a defined contribution plan alternative to the
defined benefit plan for FRS members effective July 1, 2002. This integrated defined contribution pension plan is the FRS
Investment Plan. Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS) Program, a cost‐
sharing multiple‐employer defined benefit pension plan, to assist retired members of any State‐administered retirement
system in paying the costs of health insurance.
Essentially all regular employees of the County are eligible to enroll as members of the State‐administered FRS. Provisions
relating to the FRS are established by Chapters 121 and 122, Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter
238, Florida Statutes; and FRS Rules, Chapter 60S, Florida Administrative Code; wherein eligibility, contributions and benefits
are defined and described in detail. Such provisions may be amended at any time by the Florida Legislature. The FRS is a
single retirement system administered by the Florida Department of Management Services, Division of Retirement, and
consists of the two cost sharing, multiple employer defined benefit plans and other nonintegrated programs.
62
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
A comprehensive annual financial report of the FRS, which includes its financial statements, required supplementary
information, actuarial report, and other relevant information, is available from the Florida Department of Management
Services’ web site (www.dms.myflorida.com).
The County’s pension expense totaled $50,311,408 for both the FRS Pension Plan and HIS Plan for the year ended September
30, 2018.
FLORIDA RETIREMENT SYSTEM PENSION PLAN
PLAN DESCRIPTION
The Florida Retirement System Pension Plan (FRS Plan) is a cost‐sharing multiple‐employer defined benefit pension plan, with
a Deferred Retirement Option Program (DROP) for eligible employees. The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other classes.
Elected County Officers Class – Members who hold specified elective offices in local government.
Senior Management Service Class (SMSC) – Members in senior management level positions.
Special Risk Class – Members who are special risk employees, such as law enforcement officers, meet the criteria to qualify
for this class.
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and employees enrolled in the
FRS Plan on or after July 1, 2011, vest at 8 years of creditable service. All vested members, enrolled prior to July 1, 2011, are
eligible for normal retirement benefits at age 62 or at any age after 30 years of service, except for members classified as
special risk who are eligible for normal retirement benefits at age 55 or at any age after 25 years of service. All members
enrolled in the FRS Plan on or after July 1, 2011, once vested, are eligible for normal retirement benefits at age 65 or any time
after 33 years of creditable service, except for members classified as special risk who are eligible for normal retirement
benefits at age 60 or at any age after 30 years of service. Employees enrolled in the FRS Plan may include up to 4 years of
credit for military service toward creditable service. The FRS Plan also includes an early retirement provision; however, there
is a benefit reduction for each year a member retires before his or her normal retirement date. The FRS Plan provides
retirement, disability, death benefits, and annual cost‐of‐living adjustments to eligible participants.
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for normal retirement under the
FRS Plan to defer receipt of monthly benefit payments while continuing employment with an FRS participating employer. An
employee may participate in DROP for a period not to exceed 60 months after electing to participate, except that certain
instructional personnel may participate for up to 96 months. During the period of DROP participation, deferred monthly
benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does not include amounts for DROP
participants, as these members are considered retired and are not accruing additional pension benefits.
BENEFITS PROVIDED
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final compensation, and service
credit. Credit for each year of service is expressed as a percentage of the average final compensation. For members initially
enrolled before July 1, 2011, the average final compensation is the average of the 5 highest fiscal years’ earnings; for membe rs
initially enrolled on or after July 1, 2011, the average final compensation is the average of the 8 highest fiscal years’ earnings.
The total percentage value of the benefit received is determined by calculating the total value of all service, which is based
on the retirement class to which the member belonged when the service credit was earned. Members are eligible for in‐line‐
of‐duty or regular disability and survivors’ benefits.
63
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
The following chart shows the percentage value for each year of service credit earned:
% Value
(per year of
service)
Retirement up to age 62 or up to 30 years of service 1.60
Retirement at age 63 or with 31 years of service 1.63
Retirement at age 64 or with 32 years of service 1.65
Retirement at age 65 or with 33 or more years of service 1.68
Retirement up to age 65 or up to 33 years of service 1.60
Retirement at age 66 or with 34 years of service 1.63
Retirement at age 67 or with 35 years of service 1.65
Retirement at age 68 or with 36 or more years of service 1.68
3.00
2.00
Service from December 1, 1970 through September 30, 1974 2.00
Service on and after October 1, 1974 3.00
Special Risk Class
Class, Initial Enrollment and Retirement Age/Years of Service:
Regular Class members initially enrolled before July 1, 2011
Regular Class members initially enrolled on or after July 1, 20 11
Elected County Officers' Class
Senior Management Service Class
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS before July 1, 2011, and all
service credit was accrued before July 1, 2011, the annual cost‐of‐living adjustment is 3 percent per year. If the member is
initially enrolled before July 1, 2011, and has service credit on or after July 1, 2011, there is an individually calculated cost‐of‐
living adjustment. The annual cost‐of‐living adjustment is a proportion of 3 percent determined by dividing the sum of the
pre‐July 2011 service credit by the total service credit at retirement multiplied by 3 percent. FRS Plan members initially
enrolled on or after July 1, 2011, will not have a cost‐of‐living adjustment after retirement.
CONTRIBUTIONS
The Florida Legislature establishes contribution rates for participating employers and employees. Effective July 1, 2011, all
FRS Plan members (except those in DROP) are required to make 3% employee contributions on a pretax basis. The employer
contribution rates by job class for the periods from October 1, 2017 through June 30, 2018 and from July 1, 2018 through
September 30, 2018, respectively, were as follows: Regular employees‐7.92% and 8.26%; Special Risk – Regular‐23.27% and
24.50%; County Elected Officials‐45.50% and 48.70%; Senior Management Services‐22.71% and 24.06%; and DROP
participants‐13.26% and 14.03%. The County’s contributions to the FRS Plan were $23,401,059 for the year ended September
30, 2018.
PENSION COSTS
At September 30, 2018, the County reported a liability of $242,370,237 for its proportionate share of the FRS Plan’s net
pension liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate
the net pension liability was determined by an actuarial valuation as of July 1, 2018. The County’s proportion of the net
pension liability was based on the County’s contributions received by FRS during the measurement period for employer
payroll paid dates from July 1, 2017, through June 30, 2018, relative to the total employer contributions received from all of
FRS’s participating employers. At June 30, 2018, the County’s proportion was 0.804668%, which was an increase of 0.007947%
from its proportion measured as of June 30, 2017.
64
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
For the year ended September 30, 2018, the County recognized pension expense of $43,900,644 for its proportionate share
of FRS’s pension expense. In addition, the County reported its proportionate share of FRS’s deferred outflows of resources
and deferred inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences Between Expected and Actual Economic Experience 20,5 32,403$ 745,231$
Changes in Actuarial Assumptions 79,194,808 ‐
Net Difference Between Projected and Actual Earnings on Pension Plan
Investments ‐ 18,726,056
Changes in Proportion and Differences Between County Contributions and
Proportionate Share of Contributions 9,226,252 992,900
County Contributions Subsequent to the Measurement Date 5,949,421 ‐
Total 114,902,884$ 20,464,187$
Deferred outflows of resources related to pensions of $5,949,421, resulting from County contributions to the FRS Plan
subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended
September 30, 2019. Other amounts reported as deferred outflows and inflows of resources related to pensions will be
recognized as an increase in pension expense as follows:
Year Ending
September 30 Amount
2019 33,428,623$
2020 23,609,031
2021 4,807,819
2022 15,251,782
2023 9,900,077
Thereafter 1,491,944
ACTUARIAL ASSUMPTIONS
The total pension liability in the July 1, 2018, actuarial valuation was determined using the following actuarial assumptions,
applied to all periods included in the measurement:
Inflation 2.60% per year
Salary Increases 3.25%, including inflation
Investment Rate of Return 7.00%, Net of Pension Plan investment expense
Mortality rates were based on the Generational RP‐2000 with Projection Scale BB. The actuarial assumptions used in the July
1, 2018, valuation were based on the results of an actuarial experience study for the period July 1, 2008, through June 30,
2013.
The long‐term expected rate of return on pension plan investments was not based on historical returns, but instead is based
on a forward‐looking capital market economic model. The allocation policy’s description of each asset class was used to map
the target allocation to the asset classes shown below. Each asset class assumption is based on a consistent set of underlying
assumptions, and includes an adjustment for the inflation assumption.
65
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
The target allocation, as outlined in the FRS Plan’s investment policy, and best estimates of arithmetic and geometric real
rates of return for each major asset class are summarized in the following table:
Asset Class
Target
Allocation
Annual
Arithmetic
Return
Compound
Annual
(Geometric)
Return
Standard
Deviation
Cash 1.0% 2.9% 2.9% 1.8%
Fixed income 18.0% 4.4% 4.3% 4.0%
Global equity 54.0% 7.6% 6.3% 17.0%
Real estate (property) 11.0% 6.6% 6.0% 11.3%
Private equity 10.0% 10.7% 7.8% 26.5%
Strategic investments 6.0% 6.0% 5.7% 8.6%
Totals 100.0%
Assumed Inflation ‐ Mean 2.6% 1.9%
DISCOUNT RATE
The discount rate used to measure the total pension liability was 7.00% for the FRS Plan. The projection of cash flows used
to determine the discount rate assumed that employee and employer contributions will be made at the rate specified in
statute. Based on that assumption, the pension plan’s fiduciary net position was projected to be available to make all
projected future benefit payments of current active and inactiv e employees. Therefore, the long‐term expected rate of return
on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
PENSION LIABILITY SENSITIVITY
The following presents the County’s proportionate share of the net pension liability for the FRS Plan, calculated using the
discount rate disclosed in the preceding paragraph, as well as what the County’s proportionate share of the net pension
liability would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than
the current discount rate:
Description
1% Decrease in
Discount Rate
Current Discount
Rate
1% Increase in
Discount Rate
FRS Plan Discount Rate 6.00% 7.00% 8.00%
County's Proportionate Share of the FRS Plan
Net Pension Liability 442,335,849$ 242,370,237$ 76,286,976$
PENSION PLAN FIDUCIARY NET POSITION
Detailed information about the FRS Plan’s fiduciary net position is available in a separately‐issued FRS Pension Plan and Other
State‐Administered Systems Comprehensive Annual Financial Report. That report may be obtained through the Florida
Department of Management Services website at www.dms.myflorida.com.
66
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
RETIREE HEALTH INSURANCE SUBSIDY PROGRAM
PLAN DESCRIPTION
The Retiree Health Insurance Subsidy Program (HIS Plan) is a non‐qualified, cost‐sharing multiple‐employer defined benefit
pension plan established under Section 112.363, Florida Statutes, and may be amended by the Florida Legislature at any time.
The benefit is a monthly payment to assist retirees of State‐administered retirement systems in paying their health insurance
costs and is administered by the Florida Department of Management Services, Division of Retirement.
BENEFITS PROVIDED
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly HIS payment of $5 for each year
of creditable service completed at the time of retirement, with a minimum HIS payment of $30 and a maximum HIS payment
of $150 per month, pursuant to Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under
a State‐administered retirement system must provide proof of health insurance coverage, which may include Medicare.
CONTRIBUTIONS
The HIS Plan is funded by required contributions from FRS participating employers as set by the Florida Legislature. Employer
contributions are a percentage of gross compensation for all active FRS members. The FRS contribution rates include a 1.66%
HIS Plan subsidy for the periods October 1, 2017 through June 30, 2018 and from July 1, 2018 through September 30, 2018,
pursuant to Section 112.363, Florida Statutes. The County contributed 100 percent of its statutorily required contributions
for the current and preceding 3 years. HIS Plan contributions are deposited in a separate trust fund from which payments
are authorized. HIS Plan benefits are not guaranteed and are subject to annual legislative appropriation. In the event the
legislative appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or
canceled. The County’s contributions to the HIS Plan were $3,750,438 for the year ended September 30, 2018.
PENSION COSTS
At September 30, 2018, the County reported a liability of $73,037,274 for its proportionate share of the HIS Plan’s net pension
liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate the net
pension liability was determined by an actuarial valuation as of July 1, 2018. The County’s proportion of the net pension
liability was based on the County’s contributions received during the measurement period for employer payroll paid dates
from July 1, 2017, through June 30, 2018, relative to the total employer contributions received from all participating
employers. At June 30, 2018, the County’s proportion was 0.690065%, which was an increase of 0.024681% from its
proportion measured as of June 30, 2017.
For the year ended September 30, 2018, the County recognized pension expense of $6,410,764 for its proportionate share of
HIS’s pension expense. In addition, the County reported its proportionate share of HIS’s deferred outflows of resources and
deferred inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences Between Expected and Actual Economic Experience 1,11 8,169$ 124,088$
Changes in Actuarial Assumptions 8,122,647 7,722,112
Net Difference Between Projected and Actual Earnings on HIS Program 44,088 ‐
Changes in Proportion and Differences Between County Contributi ons
and Proportionate Share of Contributions 5,501,135 814,337
County Contributions Subsequent to the Measurement Date 929,315 ‐
Total 15,715,354$ 8,660,537$
67
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
Deferred outflows of resources related to pensions of $929,315, resulting from County contributions to the HIS Plan
subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended
September 30, 2019. Other amounts reported as deferred outflows and inflows of resources related to pensions will be
recognized as an increase in pension expense as follows:
Year Ending
September 30 Amount
2019 1,981,072$
2020 1,977,355
2021 1,634,425
2022 863,532
2023 (353,375)
Thereafter 22,493
ACTUARIAL ASSUMPTIONS
The total pension liability in the July 1, 2018, actuarial valuation was determined using the following actuarial assumptions,
applied to all periods included in the measurement:
Inflation 2.60% per year
Salary Increases 3.25%, including inflation
Municipal Bond Rate 3.87%
Mortality rates were based on the Generational RP‐2000 with Projection Scale BB. The actuarial assumptions used in the July
1, 2018, valuation were based on the results of an actuarial experience study for the period July 1, 2008, through June 30,
2013.
DISCOUNT RATE
The discount rate used to measure the total pension liability was 3.87% for the HIS Plan. In general, the discount rate for
calculating the total pension liability is equal to the single rate equivalent to discounting at the long‐term expected rate of
return for benefit payments prior to the projected depletion date. Because the HIS benefit is essentially funded on a pay‐as‐
you‐go basis, the depletion date is considered to be immediate, and the single equivalent discount rate is equal to the
municipal bond rate selected by the HIS Plan sponsor. The Bond Buyer General Obligation 20‐Bond Municipal Bond Index
was adopted as the applicable municipal bond index.
PENSION LIABILITY SENSITIVITY
The following presents the County’s proportionate share of the net pension liability for the HIS Plan, calculated using the
discount rate disclosed in the preceding paragraph, as well as what the County’s proportionate share of the net pension
liability would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than
the current discount rate:
Description
1% Decrease in
Discount Rate
Current Discount
Rate
1% Increase in
Discount Rate
HIS Plan Discount Rate 2.87% 3.87% 4.87%
County's Proportionate Share of the HIS Plan
Net Pension Liability 83,185,175$ 73,037,274$ 64,578,410$
68
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
PENSION PLAN FIDUCIARY NET POSITION
Detailed information about the HIS Plan’s fiduciary’s net position is available in a separately‐issued FRS Pension Plan and
Other State‐Administered Systems Comprehensive Annual Financial Report. That report may be obtained through the Florida
Department of Management Services website at www.dms.myflorida.com.
SUMMARY
The aggregate amount of net pension liability, related deferred outflows of resources and deferred inflows of resources and
pension expense for the County’s defined benefit pension plans are summarized below:
FRS Plan HIS Plan Total
Net pension liability 242,370,237$ 73,037,274$ 315,407,511$
Deferred outflows of resources related to pensions 114,902,884 15,715,354 130,618,238
Deferred inflows of resources related to pensions 20,464,187 8,660,537 29,124,724
Pension expense 43,900,644 6,410,764 50,311,408
NOTE 9 – DEFINED CONTRIBUTION PLAN
The Florida State Board of Administration (SBA) administers the defined contribution plan officially titled the FRS Investment
Plan (Investment Plan). The Investment Plan is reported in the SBA’s annual financial statements and in the State of Florida
Comprehensive Annual Financial Report. As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect
to participate in the Investment Plan in lieu of the FRS defined benefit plan. County employees participating in DROP are not
eligible to participate in the Investment Plan. Employer and employee contributions, including amounts contributed to
individual member’s accounts, are defined by law, but the ultim ate benefit depends in part on the performance of investment
funds. Benefit terms, including contribution requirements, for the Investment Plan are established and may be amended by
the Florida Legislature. The Investment Plan is funded with the same employer and employee contribution rates that are
based on salary and membership class (Regular Class, Elected County Officers, etc.), as the FRS defined benefit plan.
Contributions are directed to individual member accounts, and the individual members allocate contributions and account
balances among various approved investment choices. Costs of administering the plan, including the FRS Financial Guidance
Program, are funded through an employer contribution of .06% of payroll from July 1, 2017 to June 30, 2018 and .06% of
payroll from July 1, 2018 to June 30, 2019 in addition to forfeited benefits of plan members. The County’s Investment Plan
pension expense totaled $4,589,549 for the year ended September 30, 2018.
For all membership classes, employees are immediately vested in their own contributions and are vested after 1 year of
service for employer contributions and investment earnings. If an accumulated benefit obligation for service credit originally
earned under the FRS Pension Plan is transferred to the Investment Plan, the member must have the years of service required
for FRS Pension Plan vesting (including the service credit represented by the transferred funds) to be vested for these funds
and the earnings on the funds. Non‐vested employer contributions are placed in a suspense account for up to 5 years. If the
employee returns to FRS‐covered employment within the 5‐year period, the employee will regain control over their account.
If the employee does not return within the 5‐year period, the employee will forfeit the accumulated account balance. For
the fiscal year ended June 30, 2018, the information for the amount of forfeitures was unavailable from the SBA; however,
management believes that these amounts, if any, would be immaterial to the County.
After termination and applying to receive benefits, the member may rollover vested funds to another qualified plan, structure
a periodic payment under the Investment Plan, receive a lump‐sum distribution, leave the funds invested for future
distribution, or any combination of these options. Disability coverage is provided; the member may either transfer the
account balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly
benefits under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account balance for retirement
income.
69
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 10 – TRANSFERS
Transfers between funds were used to (1) move revenues from the fund that statute or budget requires they be collected in
to the fund that statute or budget requires they be expended from, (2) move receipts restricted to debt service to the debt
service fund as payments become due and (3) use unrestricted revenues collected in the General Fund to finance operating
and capital programs accounted for in other funds in accordance with budgetary authorizations.
Transfers for the year ended September 30, 2018 were as follows:
Transfers from Fund Transfers to Fund Amount
Governmental Activities:
General Fund Nonmajor Governmental Funds 59,372,267$
Solid Waste Disposal 365,135
Emergency Medical Services 19,884,997
Nonmajor Business‐type 4,368,761
Internal Service Funds 989,900
Bayshore Gateway Community
Redevelopment Agency Nonmajor Governmental Funds 631,000
Internal Service Funds 3,700
Immokalee Community
Redevelopment Agency Bayshore Gateway Community Redevelopment Agency 78,000
Internal Service Funds 3,600
Nonmajor Governmental Funds General Fund 3,819,854
Bayshore Gateway CRA 136,800
Immokalee CRA 85,000
Nonmajor Governmental Funds 40,708,269
County Water and Sewer 13,600
Nonmajor Business‐type 126,413
Internal Service Funds 2,322,800
Business‐type Activities:
County Water and Sewer General Fund 6,679,100
Nonmajor Governmental Funds 218,500
Solid Waste Disposal 655,800
Internal Service Funds 541,500
Solid Waste Disposal General Fund 776,405
Internal Service Funds 48,500
Emergency Medical Services Internal Service Funds 12,400
Internal Service Funds General Fund 1,076,600
Nonmajor Governmental Funds 775,792
Internal Service Funds 36,500
Total Transfers 143,731,193$
NOTE 11 – NET POSITION/FUND BALANCE CLASSIFICATION
Net position represents the difference between total assets plus deferred outflows of resources and liabilities plus deferred
inflows of resources and is categorized as follows:
Net investment in capital assets: Total capital assets, net of debt issued and deferred amounts on refundings related
to the acquisition of these assets and net of depreciation is reported separately in the net position section.
Restricted for growth related capital expansion: Impact fees are restricted for growth related capital expansion.
Restricted for transportation capital projects: Gas taxes and other revenues restricted for transportation capital
improvements.
70
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 11 – NET POSITION/FUND BALANCE CLASSIFICATION – CONTINUED
Restricted for tourist development: Tourist development tax proceeds are restricted for tourist related activities.
Restricted for Conservation Collier: Balances generated by the former levy of one quarter mill of ad valorem revenues
restricted for the maintenance and management of environmentally sensitive land.
Restricted for community redevelopment: Tax increment revenues generated in the redevelopment areas are
restricted for redevelopment purposes.
Restricted for grants: State and federal government grant monies restricted for grant related purposes.
Restricted for debt service: Balances are restricted in conjunction with the issuance of bonds and have been funded by
operating transfers from the appropriate funds. The use of monies in the sinking fund is restricted to the payment of
principal and interest on long‐term debt.
Restricted for nonexpendable purposes – other: Balances are restricted in conjunction with the maintenance and
management of certain conservation lands for mitigation purposes.
Restricted for special revenues – other: Balances are restricted for specific uses associated with the revenue collected.
Restricted for renewal and replacement: Balance is restricted 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
additions, replacement or major repair of water and wastewater capital assets.
Unrestricted: Balances are not restricted for specific purposes.
Governmental funds report fund balances as either spendable or non‐spendable. Spendable fund balances are further classified as
restricted, committed, assigned or unassigned depending upon the extent to which there are external or internal constraints on the
spending of these fund balances.
Non‐spendable fund balance: Amounts that are not in spendable form or that are legally or contractually required to be maintained intact.
Items that are not spendable also include inventories, prepaid amounts and long term portions of advances, loans and notes receivable.
Spendable fund balance:
Restricted fund balance – Amounts that can be spent only for specific purposes through restrictions placed upon them
by external resource providers such as creditors, grantors or contributors; or imposed by law through constitutional
provisions or enabling legislation.
Committed fund balance – Amounts that can be spent only for specific purposes determined by the County’s highest
decision making authority, the Board of County Commissioners, via ordinance. Commitments may be modified or
removed by the Board of County Commissioners only by amending the ordinance that created the original commitment.
Assigned fund balance – Amounts that are intended to be spent for specific purposes as determined by the Board of
County Commissioners, but that are neither restricted nor committed to the specific purpose.
Unassigned fund balance – Unassigned fund balance is the residual classification for the County’s general fund.
Amounts in this classification are spendable but have not been deemed restricted, committed or assigned. Unassigned
fund balance may also include negative balances for any governmental fund whose expenditures have exceeded the
amounts restricted, committed or assigned for those specific purposes.
When both restricted and unrestricted amounts are available, the County spends the restricted amounts first, unless prohibited by law,
grant agreements or other contractual arrangement. Further, when committed fund balance is available the County will use it first,
followed by assigned fund balance and then unassigned fund balance for purposes in which any of the unrestricted fund balance
classifications could be used.
71
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 11 – NET POSITION/FUND BALANCE CLASSIFICATION – CONTINUED
A detailed schedule of fund balances at September 30, 2018 is as follows:
General
Fund
Bayshore
Gateway
Community
Redevelopment
Agency
Immokalee
Community
Redevelopment
Agency
Other
Governmental
Funds
Total
Governmental
Funds
Nonspendable:
Endowments ‐$ ‐$ ‐$ 1,582,800$ 1,582,800$
Inventory 453,582 ‐ ‐ 882,664 1,336,246
Advances 589,875 ‐ ‐ 5,658,893 6,248,768
Notes 1,567,791 ‐ ‐ ‐ 1,567,791
Prepaid costs 33,215 ‐ ‐ 10,400 43,615
Total nonspendable fund balance 2,644,463 ‐ ‐ 8,134,757 10,779,220
Restricted for:
Community redevelopment ‐ 11,597,507 467,479 ‐ 12,064,986
Federal and state grants 306,146 ‐ ‐ 11,115,310 11,421,456
Bond covenants or debt service ‐ ‐ ‐ 9,442,673 9,442,673
Transportation growth related capital ‐ ‐ ‐ 75,356,207 75,356,207
Parks growth related capital expansion ‐ ‐ ‐ 25,680,732 25,680,732
Transportation capital projects ‐ ‐ ‐ 44,885,051 44,885,051
Community development ‐ ‐ ‐ 46,252,281 46,252,281
Transportation operations ‐ ‐ ‐ 2,358,883 2,358,883
Tourist development ‐ ‐ ‐ 70,594,384 70,594,384
Conservation Collier ‐ ‐ ‐ 32,778,883 32,778,883
Emergency 911 ‐ ‐ ‐ 2,972,249 2,972,249
Law Enforcement ‐ ‐ ‐ 7,530,896 7,530,896
Fire services growth related capital ‐ ‐ ‐ 88,065 88,065
Libraries growth related capital ‐ ‐ ‐ 465,683 465,683
Court functions ‐ ‐ ‐ 7,149,464 7,149,464
Public records modernization ‐ ‐ ‐ 4,472,680 4,472,680
Other purposes ‐ ‐ ‐ 1,305,857 1,305,857
Total restricted fund balance 306,146 11,597,507 467,479 342,449,298 354,820,430
Committed for:
Special districts ‐ ‐ ‐ 30,446,700 30,446,700
Natural resource management ‐ ‐ ‐ 2,585,063 2,585,063
Utility regulation ‐ ‐ ‐ 1,468,793 1,468,793
Other purposes ‐ ‐ ‐ 292,320 292,320
Total committed fund balance ‐ ‐ ‐ 34,792,876 34,792,876
Assigned for:
Parks and recreation ‐ ‐ ‐ 7,424,562 7,424,562
General building & improvements ‐ ‐ ‐ 6,969,783 6,969,783
Water management ‐ ‐ ‐ 4,311,414 4,311,414
Libraries ‐ ‐ ‐ 249,006 249,006
Other purposes 1,736,422 ‐ ‐ 2,174,499 3,910,921
Total assigned fund balance 1,736,422 ‐ ‐ 21,129,264 22,865,686
Unassigned:77,341,766 ‐ ‐ (250,436) 77,091,330
Total Fund Balances 82,028,797$ 11,597,507$ 467,479$ 406,255,759$ 500,349,542$
72
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 12 – RISK MANAGEMENT
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. The County self‐insurance program covers operations of the Board and
the constitutional officers, except for the Sheriff. 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.
Claim Type County’s Coverage Excess Carrier’s Coverage
Property and casualty claims $50,000 ‐ $500,000
($250,000 named storm
deductible; 3% deductible of
reported values per damaged
building; subject to $5,000,000
deductible cap)
$50,000 ‐ $75,000,000
Auto liability claims $300,000 $300,001 ‐ $5,000,000
Employee health claims $450,000 $450,001 – Unlimited
Workers' compensation claims $500,000 $500,001 – Statutory
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, 2018 the operating departments were charged $42,787,528
for workers' compensation, health and property and casualty self‐insurance programs.
The claims loss reserve for workers' compensation, health and property and casualty of $9,252,073 reported at September
30, 2018 was calculated by third party actuaries based upon GASB Statement No. 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%. It should be noted that the discount rate is an estimate based on the expected rate of return over
extended periods. The estimated liabilities for unpaid losses related to health were not discounted as their turnover period
is much shorter. Claims loss reserves of $5,227,260 are recorded as current liabilities.
The Sheriff participates in the Statewide 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: $5,000,000 for any one incident or occurrence and $10,000,000 for an annual aggregate per member.
The Sheriff also participates in the Statewide 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 $500,000 of every claim. Re‐insurance is provided through a third party insurer for all claims
exceeding $500,000 up to $20,000,000.
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 cannot be additionally assessed for claims paid by the program.
73
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 12 – RISK MANAGEMENT – CONTINUED
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 $200,000. Payments to the internal service fund are based on actuarial estimates of amounts needed to pay prior
year and current year claims including claims incurred but not yet reported.
The claims loss reserve for health of $2,884,000 reported at September 30, 2018 was calculated by third party actuaries based
upon GASB Statement No. 30, Risk Financing Omnibus, which requires that a liability for claims be reported when it is probable
that a loss has been incurred and the amount of that loss can be reasonably estimated. The entire Sheriff’s health claim loss
reserve is recorded as a current liability.
CHANGES IN SELF‐INSURANCE CLAIMS PAYABLE
Changes in the self‐insurance claims payable for fiscal years 2017 and 2018 were as follows for the County and Sheriff self‐
insurance programs:
Property and Group Workers'
Casualty Health Compensation Total
Balance at September 30, 2016 1,194,177$ 6,111,000$ 596,993$ 7,902,170$
Current year claims incurred and
changes in estimates 748,116 52,756,129 1,218,028 54,722,273
Claim payments (753,492) (52,757,129) (629,063) (54,139,684)
Balance at September 30, 2017 1,188,801$ 6,110,000$ 1,185,958$ 8,484,759$
Current year claims incurred and
changes in estimates 15,322,570 60,597,427 886,853 76,806,850
Claim payments (12,726,286) (59,700,427) (728,823) (73,155,536)
Balance at September 30, 2018 3,785,085$ 7,007,000$ 1,343,988$ 12,136,073$
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS
COUNTY’S PLAN DESCRIPTION AND BENEFITS PROVIDED
The County provides post employment healthcare benefits for retirees through a single employer defined benefit plan
(County’s OPEB Plan) and can amend the benefits provisions. The participants of this plan include retirees of the Board of
County Commissioners, the Clerk of the Circuit Court and Comptroller, the Property Appraiser, the Tax Collector and the
Supervisor of Elections. The Sheriff also provides post employment healthcare benefits under as separate plan. In
accordance with Florida Statute 112.0801, employees who retire and immediately begin receiving benefits from the FRS have
the option of paying premiums to continue in the County’s health insurance plan at the same group rate as for active
employees.
The Board of County Commissioners and the Tax Collector also subsidize the cost of the post employment healthcare for
qualifying retirees and each has the authority to amend benefit provisions. The Board of County Commissioners offers a
subsidy for its retirees who have at least 60% of eligible accrued sick leave remaining at the time of retirement and have
completed 15 years of continuous service with the Board. In addition, the retiree must retire from the Board, be at least 55
years of age or have completed 30 years of service under the Florida Retirement System (FRS) and be eligible to receive an
FRS benefit with no break in time. Such employees are eligible to receive a 50% to 100% subsidy toward the cost of coverage
under the active plan. A subsidy is currently provided to 20 retirees. The Tax Collector offers a subsidy of 100% the cost of
health care for employees with 10 years of service, between the ages of 54 and 64 and who exchange 800 hours of sick leave
at retirement for employees hired prior to June 1, 2015. A subsidy is currently provided to 6 retirees.
74
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
The County’s OPEB Plan is currently being funded on a pay as you go basis. No trust or agency fund has been established for
the plan. The plan does not issue a separate financial report.
PARTICIPANT DATA
As of September 30, 2018, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefits 69
Active employees 2,285
Total employees 2,354
TOTAL OPEB LIABILITY
The County’s total OPEB liability of $8,730,722 was measured as of September 30, 2018 and was determined roll forward
from the October 1, 2017 valuation date. The following table shows the changes in the County’s total OPEB liability for the
year ended September 30, 2018.
Total OPEB
Liability
Balance, as of October 1, 2017 8,833,096$
Changes:
Service cost 491,865
Interest on total OPEB liability 252,345
Changes in assumptions or other inputs (221,309)
Benefit payments (625,275)
Net changes (102,374)
Balance, as of September 30, 2018 8,730,722$
OPEB LIABILITY DISCOUNT RATE SENSITIVITY
The following presents the County’s total OPEB liability, as well as what the County’s total OPEB liability would be if it were
calculated using a discount rate one percentage point lower or one percentage point higher than the current discount rate:
Description
1% Decrease in
Discount Rate
Current Discount
Rate
1% Increase in
Discount Rate
OPEB Plan Discount Rate 2.25% 3.25% 4.25%
Total OPEB Liability 9,348,038$ 8,730,722$ 8,172,221$
OPEB LIABILITY HEALTHCARE TREND RATE SENSITIVITY
The following presents the County’s total OPEB liability, as well as what the County’s total OPEB liability would be if it were
calculated using a healthcare trend rate one percentage point lower or one percentage point higher than the current
healthcare trend rate:
Description
1% Decrease in
Healthcare Cost
Trend Rate
Healthcare Cost
Trend Rate
1% Increase in
Healthcare Cost
Trend Rate
Healthcare Cost Trend Rate 5.00% 6.00% 7.00%
Total OPEB Liability 8,006,125$ 8,730,722$ 9,571,904$
75
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED TO OPEB
For the year ended September 30, 2018, the County’s OPEB expens e was $742,285. In addition, the County reported deferred
inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences Between Expected and Actual Economic Experience ‐$ 6,333$
Changes in assumptions ‐ 221,309
‐$ 227,642$
Amounts reported as deferred inflows of resources related to OPEB will be amortized over 4.12 years and will be recognized
as follows:
Year Ending
September 30 Amount
2019 55,641$
2020 55,641
2021 55,641
2022 54,274
Thereafter 6,445
ACTUARIAL METHODS AND ASSUMPTIONS
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the
probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality
and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required
contributions of the employer are subject to continual revision as actual results are compared with past expectations and
new estimates are made about the future.
Calculations for financial reporting purposes are based on the benefits provided under terms of the plan as understood by
the employer and the plan members in effect at the time of each valuation and on the pattern of sharing of costs between
the employer and plan members to that point. The projection of benefits for financial reporting purposes does not explicitly
incorporate the potential effects of legal or contractual funding limitations on the pattern of cost sharing between the
employer and plan members in the future. Actuarial calculations reflect a long‐term perspective. Consistent with that
perspective, actuarial methods and assumptions used include techniques that are designed to reduce the effects of short‐
term volatility in actuarial accrued liabilities and the actuarial value of assets.
The actuarial methods are:
Actuarial cost method Entry Age Actuarial
The actuarial assumptions are:
Discount rate 3.25% (Based on the 20 year AA municipal bond rate)
Healthcare cost trend rate 6% decreasing to 5% in 2021 and thereafter
Salary increase 3%
New employees None
Mortality rates were based on the RP‐2014 Mortality Fully Generational tables using Projection Scale MP‐2018.
76
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
Since the most recent valuation, the following changes have been made:
The discount rate was changed from 2.8% to 3.25%.
The mortality assumption has been updated from RP‐2014 Mortality Fully Generational using Projection Scale MP‐
2016 to RP 2014 Mortality Fully Generational using Projection Scale MP‐2018
SHERIFF’S PLAN DESCRIPTION AND BENEFITS PROVIDED
The Sheriff provides post employment healthcare benefits for retirees through a single employer defined benefit plan
(Sheriff’s OPEB Plan) and can amend the benefit provisions. In accordance with Florida Statute 112.0801, employees who
retire and immediately begin receiving benefits from the FRS have the option of paying premiums to continue in the Sheriff’s
health insurance plan at the same group rate as for active employees.
Prior to 2010, the Sheriff subsidized approximately 20% of the cost for both single and family healthcare for its retirees who
have 6 years of creditable service with the Sheriff and who receive a monthly retirement benefit from the Florida Retirement
System. Approximately 36% of retirees receive the subsidy.
The Sheriff’s OPEB Plan is currently being funded on a pay as you go basis. No trust or agency fund has been established for
the plan. The plan does not issue a separate financial report.
PARTICIPANT DATA
As of September 30, 2018, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefits 129
Active employees 1,153
Total employees 1,282
TOTAL OPEB LIABILITY
The Sheriff’s total OPEB liability of $19,492,497 was measured as of September 30, 2018 and was determined by an actuarial
valuation as of October 1, 2018. The following table shows the changes in the Sheriff’s total OPEB liability for the year ended
September 30, 2018.
Total OPEB
Liability
Balance, as of October 1, 2017 18,260,466$
Changes:
Service cost 520,082
Interest on total OPEB liability 503,525
Differences between expected and actual experience 2,048,462
Changes in assumptions or other inputs (898,977)
Benefit payments (941,061)
Net changes 1,232,031
Balance, as of September 30, 2018 19,492,497$
77
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
OPEB LIABILITY DISCOUNT RATE SENSITIVITY
The following presents the Sheriff’s total OPEB liability, as well as what the Sheriff’s total OPEB liability would be if it were
calculated using a discount rate one percentage point lower or one percentage point higher than the current discount rate:
Description
1% Decrease in
Discount Rate
Current Discount
Rate
1% Increase in
Discount Rate
OPEB Plan Discount Rate 2.25%3.25%4.25%
Total OPEB Liability 21,325,122$ 19,492,497$ 17,873,887$
OPEB LIABILITY HEALTHCARE TREND RATE SENSITIVITY
The following presents the Sheriff’s total OPEB liability, as well as what the Sheriff’s total OPEB liability would be if it were
calculated using a healthcare trend rate one percentage point lower or one percentage point higher than the current
healthcare trend rate:
Description
1% Decrease in
Healthcare Cost
Trend Rate
Healthcare Cost
Trend Rate
1% Increase in
Healthcare Cost
Trend Rate
Healthcare Cost Trend Rate 5.00% 6.00% 7.00%
Total OPEB Liability 17,798,126$ 19,492,497$ 21,430,289$
DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED TO OPEB
For the year ended September 30, 2018, the Sheriff’s OPEB expense was $1,012,248. In addition, the Sheriff reported
deferred outflows of resources and deferred inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences Between Expected and Actual Economic Experience 2,048,462$ 72,247$
Changes in assumptions ‐ 898,977
2,048,462$ 971,224$
Amounts reported as deferred outflows of resources related to OPEB will be amortized over 7.17 years and will be
recognized as follows:
Year Ending
September 30 Amount
2019 148,959$
2020 148,959
2021 148,959
2022 148,959
2023 148,959
Thereafter 332,443
78
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
ACTUARIAL METHODS AND ASSUMPTIONS
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the
probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality
and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required
contributions of the employer are subject to continual revision as actual results are compared with past expectations and
new estimates are made about the future.
Calculations for financial reporting purposes are based on the benefits provided under terms of the plan as understood by
the employer and the plan members in effect at the time of each valuation and on the pattern of sharing of costs between
the employer and plan members to that point. The projection of benefits for financial reporting purposes does not explicitly
incorporate the potential effects of legal or contractual funding limitations on the pattern of cost sharing between the
employer and plan members in the future. Actuarial calculations reflect a long‐term perspective. Consistent with that
perspective, actuarial methods and assumptions used include techniques that are designed to reduce the effects of short‐
term volatility in actuarial accrued liabilities and the actuarial value of assets.
The actuarial methods are:
Actuarial cost method Entry Age Actuarial
The actuarial assumptions are:
Discount rate 3.25% (Based on the 20 year AA municipal bond rate)
Healthcare cost trend rate 6% decreasing to 5% in 2021 and thereafter
Salary increase None
New employees None
Mortality rates were based on the RP‐2014 Mortality Fully Generational tables using Projection Scale MP‐2017.
Since the most recent valuation, the following changes have been made:
The discount rate was changed from 2.75% to 3.25%.
The mortality assumption has been updated from RP‐2014 Mortality Fully Generational using Projection Scale MP‐
2016 to RP 2014 Mortality Fully Generational using Projection Scale MP‐2017
SUMMARY
The aggregate amount of total OPEB liability, related deferred outflows of resources and deferred inflows of resources and
OPEB expense for the County’s postemployment benefits plans are summarized below:
County's Sheriff's
OPEB Plan OPEB Plan Total
Total OPEB liability 8,730,722$ 19,492,497$ 28,223,219$
Deferred outflows of resources related to OPEB ‐ 2,048,462 2,048,462
Deferred inflows of resources related to OPEB 227,642 971,224 1,198,866
OPEB expense 742,285 1,012,248 1,754,533
79
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 14 – LANDFILL LIABILITY
On May 1, 1995, the County entered into a landfill operating agreement with a third party for the privatization of the County's
landfill operations. Under the contract, the third party 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. Collier
County is responsible for the postclosure costs relating to portions of the Naples and Immokalee landfill sites. 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
No. 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 cells for which Collier County is responsible. The
County’s estimated liability in connection with the landfills is included in the proprietary funds statement of net position. 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.
NOTE 15 – 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 County legal counsel, the range of potential recoveries or liabilities, other than as disclosed here, 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 incurred are required to be rebated to the federal government. There was no arbitrage rebate liability as of September
30, 2018.
HURRICANE IRMA
On September 10, 2017, Category 3 Hurricane Irma made landfall in Collier County. Statewide, an estimated 6.5 million
Floridians were ordered to evacuate, mostly those living on barrier islands or in coastal areas, in mobile or sub‐standard
homes and in low lying or flood prone areas. Mandatory evacuations were ordered for portions of Collier County. The
primary impacts of Hurricane Irma were widespread power outages and debris, coastal flooding and beach erosion. The
County has spent approximately $104 million on recovery efforts and has budgeted an additional $34 million in the 2019
fiscal year. In 2018, the County recognized $16.2 million in insurance proceeds and $21.7 million in revenue from the Federal
Emergency Management Agency (FEMA). The County continues to expect significant reimbursements from both insurance
and FEMA.
In September 2018, the County filed a suit against the County’s property insurance carriers and insurance broker to recover
costs incurred for debris removal from roadways and medians under the County’s property insurance policy. Claims were
originally denied due to the determination that the roadways and medians were not “insurable locations”. The County
estimates a favorable ruling will result in insurance reimbursements up to $10,000,000.
80
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 16 – SIGNIFICANT COMMITMENTS
Collier County has active construction projects as of September 30, 2018. The projects include road construction,
governmental facilities and utilities improvements. At year end, the County’s significant commitments with contractors
include the following:
Construction
Category Commitments
Governmental Activities:
Other Governmental Funds General Government 824,915$
Physical Environment 3,209,759
Transportation 29,434,438
Culture and Recreation 2,564,317
Business‐type Activities:
Water and Sewer Utilities 16,511,882
Other Enterprise Funds Airports 9,397,570
Total 61,942,881$
Encumbrances represent commitments for future expenditures, based on purchase orders or contracts issued, where the
goods or services have been ordered but not received. Encumbrance commitments do not include construction contracts,
as they are included as contract commitments.
Collier County had the following significant encumbrances as of September 30, 2018:
Encumbrance
Category Commitments
Governmental Activities:
Other Governmental Funds Public Safety 4,186,310$
Physical Environment 8,217,103
Transportation 3,967,706
Economic Environment 2,738,589
Culture and Recreation 3,732,555
Business‐type Activities:
Water and Sewer Utilities 2,234,551
Solid Waste Disposal Landfill 1,404,174
Emergency Medical Services Emergency Medical Services 759,572
Other Enterprise Funds Mass Transit 483,894
Total 27,724,454$
NOTE 17 – SUBSEQUENT EVENTS
On October 24, 2018, Collier County issued the Series 2018 Tourist Development Tax Revenue Bonds in the par amount of
$62,965,000. The proceeds of the Series 2018 Bonds will be used to pay the cost of the development, acquisition,
construction and equipping of a regional tournament caliber amateur sports complex and associated costs of issuance for the
bonds. The final maturity of the Series 2018 Bonds is October 1, 2048. The bonds are due in installments of $1,030,000 to
$3,605,000 and interest rates at 4.00% to 5.00%. The Series 2018 Tourist Development Tax Revenue Bonds were issued as a
competitive public offering, secured by a lien upon and pledge of Tourist Development Tax revenues.
81
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2018
NOTE 18 – FUND DEFICITS
The following funds had a fund balance deficit at September 30, 2018:
Fund Amount
800 MHz ICRP Fund (4,605)$
State Court Administration (63,786)
Government Facilities Impact Fees (182,045)
Total (250,436)$
The unassigned fund balance deficit in the 800 MHz ICRP Fund is the result of classifying a portion of fund balance related to
a pre‐payment of an invoice as nonspendable. The fund balance deficit in State Court Administration is the result of
operational costs exceeding revenues. The fund balance deficit in the Government Facilities Impact Fee fund is the result of
advances from other funds made during the current fiscal year. These advances were recorded to ensure repayment of
monies loaned to fund transfers to debt service funds for scheduled debt service payments. County management anticipates
that the deficits in both funds will be covered by future years’ revenue.
82
REQUIRED SUPPLEMENTARY
INFORMATION
2018 2017 2016
County's Proportion of the Net Pension Liability 0.804668214% 0.796720676% 0.772938545%
County's Proportionate Share of the Net Pension Liability 242,370,237$ 235,664,630$ 195,167,590$
County's Covered Payroll * 225,786,565$ 212,195,163$ 199,870,915$
County's Proportionate Share of the Net Pension Liability
(Asset) as a Percentage of Its Covered Payroll 107.34% 111.06%97.65%
Plan Fiduciary Net Position as a Percentage of the total
Pension Liability 84.26%83.89%84.88%
* Covered Payroll consists of pensionable wages calculated as of the respective measurement date, restated for periods 2014 to 2017
pursuant to GASB No. 82, Pension Issues.
2018 2017 2016
Contractually Required Contribution 23,401,059$ 20,299,090$ 20,563,824$
Contributions in Relation to the Contractually Required
Contribution (23,401,059) (20,299,090) (20,563,824)
Contribution Deficiency (Excess) ‐$ ‐$ ‐$
County's Covered Payroll ‐ Fiscal Year *226,283,207$ 216,521,253$ 206,179,415$
Contributions as a Percentage of Covered Payroll 10.34%9.38%9.97%
* Covered Payroll ‐ Fiscal Year consists of pensionable wages calculated for the respective fiscal year, restated for periods 2014 to 2017
pursuant to GASB No. 82, Pension Issues.
2018 2017 2016
County's Proportion of the Net Pension Liability 0.690065185% 0.665383863% 0.645620406%
County's Proportionate Share of the Net Pension Liability 73,037,274$ 71,145,914$ 75,244,385$
County's Covered Payroll * 225,786,565$ 212,195,163$ 199,870,915$
County's Proportionate Share of the Net Pension Liability
(Asset) as a Percentage of Its Covered Payroll 32.35%33.53%37.65%
Plan Fiduciary Net Position as a Percentage of the total
Pension Liability 2.15%1.64%0.97%
* Covered Payroll consists of pensionable wages calculated as of the respective measurement date pursuant to GASB No.82, Pension Issues.
2018 2017 2016
Contractually Required Contribution 3,750,438$ 3,593,353$ 3,415,537$
Contributions in Relation to the Contractually Required
Contribution (3,750,438) (3,593,353) (3,415,537)
Contribution Deficiency (Excess)‐$ ‐$ ‐$
County's Covered Payroll ‐ Fiscal Year *226,283,207$ 216,521,253$ 206,179,415$
Contributions as a Percentage of Covered Payroll 1.66%1.66%1.66%
* Covered Payroll ‐ Fiscal Year consists of pensionable wages calculated pursuant to GASB No.82, Pension Issues.
SCHEDULE OF COUNTY CONTRIBUTIONS
RETIREE HEALTH INSURANCE SUBSIDY PROGRAM
LAST TEN FISCAL YEARS
Note: Information is required to be presented for 10 years. However, until a full 10‐year trend is compiled, the County will present information for only those
years for which information is available.
REQUIRED SUPPLEMENTARY INFORMATION
COLLIER COUNTY, FLORIDA
SCHEDULE OF THE COUNTY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY
FLORIDA RETIREMENT SYSTEM PENSION PLAN
LAST TEN FISCAL YEARS
SCHEDULE OF COUNTY CONTRIBUTIONS
FLORIDA RETIREMENT SYSTEM PENSION PLAN
LAST TEN FISCAL YEARS
SCHEDULE OF THE COUNTY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY
RETIREE HEALTH INSURANCE SUBSIDY PROGRAM
LAST TEN FISCAL YEARS
84
2015 2014
0.736106708% 0.703655077%
95,078,054$ 42,933,306$
195,154,275$ 184,577,284$
48.72%23.26%
92.00%96.09%
2015 2014
17,830,147$ 17,287,796$
(17,830,147) (17,287,796)
‐$ ‐$
193,543,352$ 185,505,694$
9.21%9.32%
2015 2014
0.642983194% 0.621385755%
65,574,171$ 58,101,084$
195,154,275$ 184,577,284$
33.60%31.48%
0.50%0.99%
2015 2014
2,614,704$ 2,131,155$
(2,614,704) (2,131,155)
‐$ ‐$
193,543,352$ 185,505,694$
1.35%1.15%
85
2018 2017
Board of County Commissioners and Constitutional Officers
Total OPEB liability
Service Cost 491,865$ 464,531$
Interest 252,345 248,849
Changes of benefit terms ‐ ‐
Differences between expected and actual experience ‐ (8,258)
Changes of assumptions or other inputs (221,309) ‐
Benefit payments (625,275) (589,882)
Net change in total OPEB liability (102,374) 115,240
Total OPEB liability, beginning 8,833,096 8,717,856
Total OPEB liability, ending 8,730,722$ 8,833,096$
Sheriff
Total OPEB liability
Service Cost 520,082$ 491,420$
Interest 503,525 502,621
Changes of benefit terms ‐ ‐
Differences between expected and actual experience 2,048,462 (83,607)
Changes of assumptions or other inputs (898,977) ‐
Benefit payments (941,061) (871,353)
Net change in total OPEB liability 1,232,031 39,081
Total OPEB liability, beginning 18,260,466 18,221,385
Total OPEB liability, ending 19,492,497$ 18,260,466$
Note: Information is required to be presented for 10 years. However, until a full 10‐year trend is
compiled, the County will present information for only those years for which information is
available.
REQUIRED SUPPLEMENTARY INFORMATION
COLLIER COUNTY, FLORIDA
SCHEDULE OF CHANGES IN THE COLLIER COUNTY
TOTAL OPEB LIABILITY AND RELATED RATIOS
LAST TEN FISCAL YEARS
86
COMBINING AND INDIVIDUAL
FUND FINANCIAL STATEMENTS AND
OTHER SUPPLEMENTAL INFORMATION
THIS PAGE INTENTIONALLY LEFT BLANK
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 project funds.
UNINCORPORATED AREA MUNICIPAL SERVICES TAXING DISTRICT – To account for revenues derived from and
expanded 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.
FIRE CONTROL DISTRICTS – To account for taxes levied within municipal service taxing districts for fire prevention and
control.
LIGHTING DISTRICTS – To account for taxes levied within municipal service taxing district 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.
TOURIST DEVELOPMENT – To account for the 4% 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.
800 MHZ INTERGOVERNMENTAL RADIO COMMUNICATIONS PROGRAM FUND – To account for moving traffic
violation surcharges received to fund the County’s intergovernmental radio communications program.
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.
GAC LAND SALES, ROADS AND CANALS – To account for 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
roads, facilities and drainage improvements in the Golden Gate Estates area.
UTILITY FEE – 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.
CONSERVATION COLLIER – To account for the acquisition and management of environmentally sensitive lands.
COURT INFORMATION TECHNOLOGY – To account for the accumulation of resources to enhance and increase
access to court information.
COURT SERVICES – To account for the accumulation of revenues associated with the function of the local court
system.
UNIVERSITY EXTENSION – To account for fund accumulation to meet the educational goals of the Collier County
UF/IFAS extension.
COURT FACILITIES FEE – To account for the accumulation of resources to improve court facilities.
AFFORDABLE HOUSING – To account for fees to be used to provide for affordable housing related projects.
AVA MARIA INNOVATION ZONE – To account for the accumulation of resources for economic development in
accordance with an approved tax increment financing plan.
OTHER COURT SPECIAL REVENUE FUNDS – To account for the statutory surcharge on recording documents to be
paid to the Clerk of the Circuit Court for modernization.
OTHER PUBLIC SAFETY SPECIAL REVENUE FUNDS – To account for the accumulation of resources for the Sheriff’s
Inmate Welfare, Federal Equitable Sharing and other statutory revenues paid to the Sheriff to fund various inmate
welfare, crime prevention and training programs.
OTHER SPECIAL REVENUE FUNDS – To account for the accumulation of resources for the following programs:
Miscellaneous Florida Statutes Fee Collections Euclid and Lakeland Assessment
Adoption Awareness Legal Aid Society
Teen Court Law Enforcement Training
Animal Control Domestic Violence
Public Library Juvenile Assessment Center
Law Library Driver Education
Freedom Memorial Crime Prevention
County Drug Abuse
Permanent Fund
RESOURCE RECOVERY PARK ENDOWMENT – To account for the permanent endowment established for the benefit
of the County’s land conservation program.
Debt Service Funds
POOLED COMMERCIAL PAPER PROGRAM – To account for the accumulation of resources and payment of interest
and principal on long‐term debt incurred for the acquisition of land for the County’s amateur sports park.
GAS TAX REVENUE BONDS – To account for the accumulation of resources and payment of interest and principal on
long‐term debt incurred in the refinancing of various outstanding revenue bonds.
COMMUNITY REDEVELOPMENT TAXABLE NOTE – To account for the accumulation of resources and payment of
interest and principal on taxable long‐term debt incurred for the acquisition of land in the Bayshore/Gateway
Community Redevelopment Agency.
FOREST LAKES LIMITED GENERAL OBLIGATION BONDS – To account for the accumulation of resources and payment
of interest and principal on long‐term debt incurred on the Forest Lakes Limited General Obligation Bonds.
SPECIAL OBLIGATION REVENUE BONDS – To account for the accumulation of resources and payment of interest and
principal on long‐term debt incurred in the refinancing of various outstanding variable rate commercial paper loans.
OTHER DEBT SERVICE – To account for the accumulation of resources and payment of interest and principal on
variable rate commercial paper loans and special assessment debt incurred in the Naples Park area.
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 third mil levy.
PARKS IMPROVEMENTS – To account for the expenditure of funds raised specifically for improvements to parks.
Projects include land acquisition, design, construction and equipping of certain Community Park sites in the
unincorporated areas of the County. Primary funding is ad valorem taxes.
COUNTY‐WIDE LIBRARY IMPACT FEES – To account for the receipt and expenditure of library impact fees collected
from all qualifying new construction. These impact fees must be used for acquisition of County‐wide library facilities.
CORRECTIONAL FACILITIES IMPACT FEES – To account for the receipt and expenditure of correctional facilities impact
fees collected from all qualifying new construction. The impact fee must be used for the acquisition/construction of
correctional facilities.
EMERGENCY MEDICAL SERVICES IMPACT FEES – 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 service facilities.
WATER MANAGEMENT – To account for the receipt and expenditure of funds raised specifically for water
management purposes. Primary funding is ad valorem taxes.
PARKS IMPACT DISTRICTS – To account for the receipt and expenditure of parks impact fees collected from all
qualifying new construction. The impact fees must be used for the acquisition/construction of park facilities.
ROAD IMPACT DISTRICTS – To account for the receipt and expenditure of road impact fees collected from all
qualifying new construction. The impact fees must be used for the acquisition/construction of roads.
ROAD CONSTRUCTION – To account for the receipt and expenditure of gas taxes. Projects include, but are not
limited to, right‐of‐way acquisition, design and construction of various transportation improvements.
GOVERNMENT FACILITIES IMPACT FEES – To account for the receipt and expenditure of government facilities impact
fees collected from qualifying new construction. The impact fees must be used for the acquisition and construction of
government facilities.
LAW ENFORCEMENT IMPACT FEES – To account for the receipt and expenditure of law enforcement impact fees
collected from all qualifying new construction. The impact fees must be used for the acquisition and construction of
law enforcement related facilities.
ALL TERRAIN VEHICLE PARK – To account for the receipt and expenditure of funds for the creation of an All Terrain
Vehicle park.
AMATEUR SPORTS COMPLEX – To account for major capital expenditures related to the new Amateur Sports
Complex.
OTHER CAPITAL PROJECTS – To account for major capital expenditure financed from resources other than proceeds
from the issuance of long‐term debt and the one third mil levy.
Water
Management Grants and
Road Unincorporated Community and Pollution Shared
Districts Area MSTD Development Control Revenue
ASSETS
Cash and investments 2,299,247$ 14,460,604$ 50,927,658$ 2,784,751$ 5,472,831$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 9,840 43,509 101,391 7,068 8,856
Trade, net 42,043 136,285 1,730 190 48,925
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds 872,580 397,981 ‐ 94,627 1,414,415
Due from other governments 2,919 414,726 104,351 2,338 6,891,572
Deposits ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory 815,174 21,031 ‐ 46,459 ‐
Advances to other funds ‐ 342,829 9,264 ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 4,041,803$ 15,816,965$ 51,144,394$ 2,935,433$ 13,836,599$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 442,039$ 1,079,612$ 531,196$ 208,594$ 5,988,586$
Wages payable 425,575 525,327 652,316 95,317 113,098
Due to other funds ‐ 6,382 ‐ ‐ 1,673,343
Due to other governments 132 3,035 3,637,552 ‐ 2,211
Unearned revenues ‐ 8,189 ‐ ‐ ‐
Refundable deposits ‐ 828 61,785 ‐ ‐
Retainage payable ‐ 13,242 ‐ ‐ 15,254
Advances from other funds ‐ ‐ ‐ ‐ ‐
Total liabilities 867,746 1,636,615 4,882,849 303,911 7,792,492
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ ‐ 4,998
Fund balances:
Nonspendable 815,174 363,860 9,264 46,459 ‐
Restricted 2,358,883 ‐ 46,252,281 ‐ 6,039,109
Committed ‐ 13,816,490 ‐ 2,585,063 ‐
Assigned ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 3,174,057 14,180,350 46,261,545 2,631,522 6,039,109
Total liabilities, deferred inflows of
resources and fund balances 4,041,803$ 15,816,965$ 51,144,394$ 2,935,433$ 13,836,599$
See accompanying independent auditors' report
Special Revenue Funds
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2018
92
State
Fire 911 Housing
Improvement Control Lighting Enhancement Tourist Initiative 800 MHz State Court
Districts Districts Districts Fee Development Partnership ICRP Fund Administration
14,975,311$ 608,097$ 1,768,288$ 2,755,161$ 73,373,495$ 4,930,543$ 108,629$ 126$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
31,393 1,269 3,910 5,759 151,701 10,791 190 265
133 ‐ ‐ ‐ 985,547 9,603 17,401 11,338
‐ ‐ ‐ ‐ ‐ 430,284 ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
36,572 13,941 11,614 ‐ 250,574 ‐ 32,682 ‐
‐ ‐ ‐ ‐ 20,481 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ 10,400 ‐
15,043,409$ 623,307$ 1,783,812$ 2,760,920$ 74,781,798$ 5,381,221$ 169,302$ 11,729$
288,632$ 6,302$ 72,282$ 30,732$ 3,634,571$ 300,541$ 163,507$ 55$
16,409 ‐ 4,270 14,956 106,119 4,479 ‐ 65,455
1,482 ‐ ‐ 118,776 ‐ ‐ ‐ 10,005
7 ‐ ‐ ‐ 6 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
3,195 ‐ ‐ ‐ 25 ‐ ‐ ‐
45,839 ‐ ‐ ‐ 522,783 ‐ ‐ ‐
113,800 268,100 ‐ ‐ ‐ ‐ ‐ ‐
469,364 274,402 76,552 164,464 4,263,504 305,020 163,507 75,515
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ 10,400 ‐
‐ ‐ ‐ 2,596,456 70,518,294 5,076,201 ‐ ‐
14,574,045 348,905 1,707,260 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ (4,605) (63,786)
14,574,045 348,905 1,707,260 2,596,456 70,518,294 5,076,201 5,795 (63,786)
15,043,409$ 623,307$ 1,783,812$ 2,760,920$ 74,781,798$ 5,381,221$ 169,302$ 11,729$
Special Revenue Funds
93
GAC Land Court
Confiscated Sales, Roads Utility Conservation Information Court
Property and Canals Fee Collier Technology Services
ASSETS
Cash and investments 118,197$ 875,106$ 1,461,450$ 32,639,328$ 1,060,363$ 1,553,666$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 293 1,792 2,818 67,053 2,456 ‐
Trade, net ‐ ‐ 16,503 78 61,846 ‐
Notes ‐ ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Due from other funds ‐ ‐ ‐ ‐ ‐ ‐
Due from other governments ‐ ‐ ‐ ‐ ‐ 34,316
Deposits ‐ ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ 229,733 ‐ ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐ ‐
Total assets 118,490$ 1,106,631$ 1,480,771$ 32,706,459$ 1,124,665$ 1,587,982$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 1,522$ ‐$ 4,473$ 67,292$ 78,808$ 320,765$
Wages payable ‐ ‐ 7,505 11,384 2,084 ‐
Due to other funds 5,231 ‐ ‐ ‐ ‐ ‐
Due to other governments ‐ ‐ ‐ ‐ 14,356 1,267,217
Unearned revenues ‐ ‐ ‐ ‐ ‐ ‐
Refundable deposits ‐ ‐ ‐ ‐ ‐ ‐
Retainage payable ‐ ‐ ‐ ‐ ‐ ‐
Advances from other funds ‐ ‐ ‐ ‐ ‐ ‐
Total liabilities 6,753 ‐ 11,978 78,676 95,248 1,587,982
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ ‐ ‐ ‐
Fund balances:
Nonspendable ‐ ‐ ‐ ‐ ‐ ‐
Restricted 111,737 1,106,631 ‐ 32,627,783 1,029,417 ‐
Committed ‐ ‐ 1,468,793 ‐ ‐ ‐
Assigned ‐ ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐ ‐
Total fund balances 111,737 1,106,631 1,468,793 32,627,783 1,029,417 ‐
Total liabilities, deferred inflows of
resources and fund balances 118,490$ 1,106,631$ 1,480,771$ 32,706,459$ 1,124,665$ 1,587,982$
See accompanying independent auditors' report
Special Revenue Funds
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2018
94
Other Other Other Total
Court Ave Maria Court Special Public Safety Special Special
University Facilities Affordable Innovation Revenue Revenue Revenue Revenue
Extension Fee Housing Zone Funds Funds Funds Funds
82,056$ 6,091,574$ 175,484$ 139,108$ 4,504,448$ 4,254,353$ 962,029$ 228,381,903$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
224 12,477 358 237 ‐ 2,917 2,074 468,641
‐ 58,656 ‐ ‐ 10,937 94,720 20,328 1,516,263
‐ ‐ ‐ ‐ ‐ ‐ ‐ 430,284
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ 141 3,125,127
‐ ‐ ‐ ‐ ‐ ‐ 40 7,470,743
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ 229,733
‐ ‐ ‐ ‐ ‐ ‐ ‐ 882,664
‐ ‐ ‐ ‐ ‐ ‐ ‐ 352,093
‐ ‐ ‐ ‐ ‐ ‐ ‐ 10,400
82,280$ 6,162,707$ 175,842$ 139,345$ 4,515,385$ 4,351,990$ 984,612$ 242,867,851$
204$ 42,660$ ‐$ ‐$ 42,705$ 26,845$ 15,812$ 13,347,735$
‐ ‐ ‐ ‐ ‐ 4,208 4,249 2,052,751
‐ ‐ ‐ 22,867 ‐ 90,710 ‐ 1,928,796
‐ ‐ ‐ ‐ ‐ ‐ 248 4,924,764
‐ ‐ ‐ ‐ ‐ ‐ ‐ 8,189
‐ ‐ ‐ ‐ ‐ ‐ ‐ 65,833
‐ ‐ ‐ ‐ ‐ ‐ ‐ 597,118
‐ ‐ ‐ ‐ ‐ ‐ ‐ 381,900
204 42,660 ‐ 22,867 42,705 121,763 20,309 23,307,086
‐ ‐ ‐ ‐ ‐ ‐ ‐ 4,998
‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,245,157
82,076 6,120,047 ‐ ‐ 4,472,680 4,230,227 156,929 182,778,751
‐ ‐ 175,842 116,478 ‐ ‐ ‐ 34,792,876
‐ ‐ ‐ ‐ ‐ ‐ 807,374 807,374
‐ ‐ ‐ ‐ ‐ ‐ ‐ (68,391)
82,076 6,120,047 175,842 116,478 4,472,680 4,230,227 964,303 219,555,767
82,280$ 6,162,707$ 175,842$ 139,345$ 4,515,385$ 4,351,990$ 984,612$ 242,867,851$
Special Revenue Funds
95
Permanent Fund
Pooled
Resource Commercial Gas Tax Community Forest Lakes
Recovery Park Paper Revenue Redevelopment Limited General
Endowment Program Bonds Taxable Note Oblibation Bonds
ASSETS
Cash and investments 1,730,376$ 10,162$ 841,501$ 40,553$ 662,795$
Cash with fiscal agent ‐ ‐ ‐ 316,019 ‐
Receivables:
Interest 3,524 1 1,547 20 1,362
Trade, net ‐ ‐ ‐ ‐ ‐
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds ‐ ‐ ‐ ‐ 4,707
Due from other governments ‐ 17,263 181,065 ‐ ‐
Deposits ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 1,733,900$ 27,426$ 1,024,113$ 356,592$ 668,864$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable ‐$ ‐$ ‐$ ‐$ ‐$
Wages payable ‐ ‐ ‐ ‐ ‐
Due to other funds ‐ ‐ ‐ ‐ ‐
Due to other governments ‐ ‐ ‐ ‐ ‐
Unearned revenues ‐ ‐ ‐ ‐ ‐
Refundable deposits ‐ ‐ ‐ ‐ ‐
Retainage payable ‐ ‐ ‐ ‐ ‐
Advances from other funds ‐ ‐ ‐ ‐ ‐
Total liabilities ‐ ‐ ‐ ‐ ‐
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ ‐ ‐
Fund balances:
Nonspendable 1,582,800 ‐ ‐ ‐ ‐
Restricted 151,100 27,426 1,024,113 356,592 668,864
Committed ‐ ‐ ‐ ‐ ‐
Assigned ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 1,733,900 27,426 1,024,113 356,592 668,864
Total liabilities, deferred inflows of
resources and fund balances 1,733,900$ 27,426$ 1,024,113$ 356,592$ 668,864$
See accompanying independent auditors' report
Debt Service Funds
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2018
96
Total Emergency
Special Other Debt County‐Wide Count‐Wide Correctional Medical
Obligation Debt Service Capital Parks Library Facilities Services
Revenue Bonds Service Funds Improvements Improvements Impact Fees Impact Fees Impact Fees
65,789$ 13,689$ 1,634,489$ 9,120,119$ 4,522,610$ 379,982$ 105,114$ 2,139,605$
11,473,990 ‐ 11,790,009 ‐ ‐ ‐ ‐ ‐
5,068 ‐ 7,998 12,345 8,873 1,789 2,858 4,747
‐ ‐ ‐ 38,981 34,390 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ 209,540 81,245 58,937
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ 4,707 ‐ 37,287 409,000 1,370,000 209,000
‐ ‐ 198,328 12,203 ‐ 6,079 9,354 2,573
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 5,306,800 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
11,544,847$ 13,689$ 13,635,531$ 14,490,448$ 4,603,160$ 1,006,390$ 1,568,571$ 2,414,862$
‐$ ‐$ ‐$ 1,059,289$ 221,813$ 19,567$ ‐$ 17,332$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
8,650,000 56 8,650,056 63,471 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,091,105 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ 311,600 ‐ 1,962,800
8,650,000 56 8,650,056 2,213,865 221,813 331,167 ‐ 1,980,132
‐ ‐ ‐ ‐ ‐ 209,540 81,245 58,937
‐ ‐ ‐ 5,306,800 ‐ ‐ ‐ ‐
2,894,847 13,633 4,985,475 ‐ ‐ 465,683 1,487,326 375,793
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 6,969,783 4,381,347 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
2,894,847 13,633 4,985,475 12,276,583 4,381,347 465,683 1,487,326 375,793
11,544,847$ 13,689$ 13,635,531$ 14,490,448$ 4,603,160$ 1,006,390$ 1,568,571$ 2,414,862$
Debt Service Funds Capital Project Funds
97
Parks Road Government
Water Impact Impact Road Facilities
Management Districts Districts Construction Impact Fees
ASSETS
Cash and investments 10,413,791$ 23,937,305$ 75,604,254$ 49,832,753$ 353,669$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 20,902 52,179 147,185 96,335 6,537
Trade, net ‐ ‐ ‐ ‐ ‐
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ 1,312,800 3,479,544 ‐ 219,543
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds 634,794 2,489,000 ‐ 680,110 2,795,000
Due from other governments ‐ 50,468 155,592 1,685,620 16,924
Deposits ‐ 1,250 ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 11,069,487$ 27,843,002$ 79,386,575$ 52,294,818$ 3,391,673$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 5,307,013$ 417,023$ 397,523$ 2,263,701$ ‐$
Wages payable 3,225 ‐ ‐ 1,534 ‐
Due to other funds 1,266,790 ‐ ‐ ‐ ‐
Due to other governments ‐ ‐ ‐ ‐ ‐
Unearned revenues ‐ ‐ ‐ ‐ ‐
Refundable deposits ‐ ‐ ‐ ‐ ‐
Retainage payable 192,544 432,447 153,301 687,334 ‐
Advances from other funds ‐ ‐ ‐ ‐ 3,354,175
Total liabilities 6,769,572 849,470 550,824 2,952,569 3,354,175
Deferred inflows of resources:
Unavailable revenue ‐ 1,312,800 3,479,544 ‐ 219,543
Fund balances:
Nonspendable ‐ ‐ ‐ ‐ ‐
Restricted ‐ 25,680,732 75,356,207 49,342,249 ‐
Committed ‐ ‐ ‐ ‐ ‐
Assigned 4,299,915 ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ (182,045)
Total fund balances 4,299,915 25,680,732 75,356,207 49,342,249 (182,045)
Total liabilities, deferred inflows of
resources and fund balances 11,069,487$ 27,843,002$ 79,386,575$ 52,294,818$ 3,391,673$
See accompanying independent auditors' report
Capital Project Funds
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2018
98
Total Total
Law All Terrain Amateur Other Capital Nonmajor
Enforcement Vehicle Sports Capital Project Governmental
Impact Fees Park Complex Projects Funds Funds
1,153,391$ 3,037,036$ 75,878$ 1,788,482$ 182,463,989$ 414,210,757$
‐ ‐ ‐ ‐ ‐ 11,790,009
2,965 6,179 212 3,552 366,658 846,821
‐ ‐ ‐ ‐ 73,371 1,589,634
‐ ‐ ‐ ‐ ‐ 430,284
86,851 ‐ ‐ ‐ 5,448,460 5,448,460
‐ ‐ ‐ 1,405 1,405 1,405
506,000 ‐ ‐ 3,299 9,133,490 12,263,324
‐ ‐ ‐ ‐ 1,938,813 9,607,884
‐ ‐ ‐ ‐ 1,250 1,250
‐ ‐ ‐ ‐ ‐ 229,733
‐ ‐ ‐ ‐ ‐ 882,664
‐ ‐ ‐ ‐ 5,306,800 5,658,893
‐ ‐ ‐ ‐ ‐ 10,400
1,749,207$ 3,043,215$ 76,090$ 1,796,738$ 204,734,236$ 462,971,518$
529$ ‐$ ‐$ 68,299$ 9,772,089$ 23,119,824$
‐ ‐ ‐ ‐ 4,759 2,057,510
‐ ‐ ‐ ‐ 1,330,261 11,909,113
‐ ‐ ‐ ‐ ‐ 4,924,764
‐ ‐ ‐ ‐ ‐ 8,189
‐ ‐ ‐ ‐ ‐ 65,833
‐ ‐ ‐ 3,480 2,560,211 3,157,329
‐ ‐ ‐ 9,264 5,637,839 6,019,739
529 ‐ ‐ 81,043 19,305,159 51,262,301
86,851 ‐ ‐ ‐ 5,448,460 5,453,458
‐ ‐ ‐ ‐ 5,306,800 8,134,757
1,661,827 ‐ 76,090 88,065 154,533,972 342,449,298
‐ ‐ ‐ ‐ ‐ 34,792,876
‐ 3,043,215 ‐ 1,627,630 20,321,890 21,129,264
‐ ‐ ‐ ‐ (182,045) (250,436)
1,661,827 3,043,215 76,090 1,715,695 179,980,617 406,255,759
1,749,207$ 3,043,215$ 76,090$ 1,796,738$ 204,734,236$ 462,971,518$
Capital Project Funds
99
Water
Management Grants and
Road Unincorporated Community and Pollution Shared
Districts Area MSTD Development Control Revenue
Revenues:
Taxes ‐$ 45,000,766$ ‐$ 2,362,409$ ‐$
Licenses, permits and impact fees ‐ 35,038 28,497,585 575 ‐
Intergovernmental 1,917,463 34,197 ‐ ‐ 15,933,755
Charges for services 417,932 2,643,359 3,722,674 382,011 4,163
Fines and forfeitures ‐ 264,174 ‐ ‐ ‐
Interest income 43,507 294,211 499,006 47,214 47,740
Special assessments ‐ ‐ ‐ 3,918,172 ‐
Miscellaneous 46,629 291,928 49,984 2,058 273,347
Total revenues 2,425,531 48,563,673 32,769,249 6,712,439 16,259,005
Expenditures:
Current:
General government ‐ 5,851,899 7,710,441 ‐ 815,953
Public safety ‐ 4,212,139 17,603,497 ‐ 848,793
Physical environment ‐ 1,598,543 1,665,343 3,216,746 5,565,586
Transportation 21,579,878 10,038,429 360,035 2,569,065 39,668
Economic environment ‐ 103,553 ‐ ‐ 4,361,305
Human services ‐ ‐ ‐ ‐ 3,646,095
Culture and recreation ‐ 12,445,470 ‐ ‐ 121,133
Debt service
Principal ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐
Capital outlay 444,100 2,721,442 579,265 317,284 4,719,202
Total expenditures 22,023,978 36,971,475 27,918,581 6,103,095 20,117,735
Excess (deficit) of revenues
over (under) expenditures (19,598,447) 11,592,198 4,850,668 609,344 (3,858,730)
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐
Sale of capital assets 11,000 ‐ 7,400 23,150 ‐
Insurance proceeds 388,891 4,585 4,475 2,641 ‐
Payment to refunding escrow ‐ ‐ ‐ ‐ ‐
Transfers in 21,786,900 1,686,674 916,500 94,627 3,763,977
Transfers out (2,733,400) (12,329,604) (536,000) (513,732) ‐
Total other financing sources (uses) 19,453,391 (10,638,345) 392,375 (393,314) 3,763,977
Net change in fund balances (145,056) 953,853 5,243,043 216,030 (94,753)
Fund balances at beginning of year 3,319,113 13,226,497 41,018,502 2,415,492 6,133,862
Fund balances at end of year 3,174,057$ 14,180,350$ 46,261,545$ 2,631,522$ 6,039,109$
See accompanying independent auditors' report
Special Revenue Funds
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
100
State
Fire 911 Housing
Improvement Control Lighting Enhancement Tourist Initiative 800 MHz State Court
Districts Districts Districts Fee Development Partnership ICRP Fund Administration
4,067,218$ 1,488,062$ 1,381,199$ ‐$ 27,962,471$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,749,505 51,540 1,072,746 ‐ ‐
180,883 5,097 ‐ ‐ 16,033 ‐ 349,869 199,685
‐ ‐ ‐ ‐ ‐ ‐ ‐ 716,752
164,410 13,033 21,526 30,188 736,116 55,170 1,267 2,355
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
8,080 ‐ 23,255 ‐ 89,311 479,957 144,855 10,322
4,420,591 1,506,192 1,425,980 1,779,693 28,855,471 1,607,873 495,991 929,114
‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,106,242
‐ 2,064,182 ‐ 1,858,454 ‐ ‐ 1,264,126 1,510,904
1,235,786 ‐ ‐ ‐ 7,887,830 ‐ ‐ ‐
723,702 ‐ 1,091,379 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ 1,722,313 ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
1,001,910 ‐ ‐ ‐ 13,827,928 ‐ ‐ ‐
‐ 23,890 ‐ ‐ ‐ ‐ ‐ ‐
‐ 5,812 ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
385,327 ‐ ‐ 86,287 6,576,803 2,756 ‐ 3,449
3,346,725 2,093,884 1,091,379 1,944,741 28,292,561 1,725,069 1,264,126 2,620,595
1,073,866 (587,692) 334,601 (165,048) 562,910 (117,196) (768,135) (1,691,481)
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
12,879 ‐ 4,253 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
585,673 579,041 11,614 ‐ 649,507 ‐ 712,600 1,555,200
(600,059) (58,721) (34,980) ‐ (1,002,012) (31,572) ‐ (86,000)
(1,507) 520,320 (19,113) ‐ (352,505) (31,572) 712,600 1,469,200
1,072,359 (67,372) 315,488 (165,048) 210,405 (148,768) (55,535) (222,281)
13,501,686 416,277 1,391,772 2,761,504 70,307,889 5,224,969 61,330 158,495
14,574,045$ 348,905$ 1,707,260$ 2,596,456$ 70,518,294$ 5,076,201$ 5,795$ (63,786)$
Special Revenue Funds
101
GAC Land Court
Confiscated Sales, Roads Utility Conservation Information Court
Property and Canals Fee Collier Technology Services
Revenues:
Taxes ‐$ ‐$ 137,478$ 1,824$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ 402,809
Charges for services ‐ ‐ 100,000 72 886,824 6,827,098
Fines and forfeitures 4,678 ‐ ‐ ‐ ‐ ‐
Interest income 1,847 9,356 14,908 351,789 11,999 44,246
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 256,623 ‐ ‐
Total revenues 6,525 9,356 252,386 610,308 898,823 7,274,153
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ 778,446 7,290,573
Public safety 29,000 ‐ ‐ ‐ 10,807 ‐
Physical environment ‐ ‐ 266,184 689,221 ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ 24,419 ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service
Principal ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 119,024 46,684 ‐
Total expenditures 29,000 ‐ 266,184 808,245 860,356 7,290,573
Excess (deficit) of revenues
over (under) expenditures (22,475) 9,356 (13,798) (197,937) 38,467 (16,420)
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ 2,200 ‐ ‐
Insurance proceeds ‐ ‐ ‐ 240 ‐ ‐
Payment to refunding escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ ‐ ‐ ‐
Transfers out (43,841) ‐ ‐ (9,982) (36,300) ‐
Total other financing sources (uses) (43,841) ‐ ‐ (7,542) (36,300) ‐
Net change in fund balances (66,316) 9,356 (13,798) (205,479) 2,167 (16,420)
Fund balances at beginning of year 178,053 1,097,275 1,482,591 32,833,262 1,027,250 16,420
Fund balances at end of year 111,737$ 1,106,631$ 1,468,793$ 32,627,783$ 1,029,417$ ‐$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Special Revenue Funds
102
Other Other Other Total
Court Ave Maria Court Special Public Safety Special Special
University Facilities Affordable Innovation Revenue Revenue Revenue Revenue
Extension Fee Housing Zone Funds Funds Funds Funds
‐$ ‐$ ‐$ ‐$ ‐$ ‐$ ‐$ 82,401,427$
‐ ‐ ‐ ‐ ‐ ‐ 76,510 28,609,708
‐ ‐ ‐ ‐ ‐ ‐ ‐ 21,162,015
6,455 ‐ 16,332 ‐ 1,140,307 868,201 275,131 18,042,126
‐ 827,051 ‐ ‐ ‐ 74,248 47,242 1,934,145
1,243 64,744 1,782 1,195 39,332 16,282 11,594 2,526,060
‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,918,172
‐ ‐ ‐ ‐ ‐ 5,928 166,574 1,848,851
7,698 891,795 18,114 1,195 1,179,639 964,659 577,051 160,442,504
‐ 368,417 ‐ ‐ 982,364 ‐ 193,290 25,097,625
‐ ‐ ‐ ‐ ‐ 1,040,869 111,000 30,553,771
49,700 ‐ ‐ ‐ ‐ ‐ ‐ 22,174,939
‐ ‐ ‐ ‐ ‐ ‐ ‐ 36,402,156
‐ ‐ ‐ ‐ ‐ ‐ ‐ 6,187,171
‐ ‐ ‐ ‐ ‐ ‐ 289,546 3,960,060
‐ ‐ ‐ ‐ ‐ ‐ 96,506 27,492,947
‐ ‐ ‐ ‐ ‐ ‐ ‐ 23,890
‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,812
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ 216,317 ‐ ‐ ‐ 12,018 83,539 16,313,497
49,700 584,734 ‐ ‐ 982,364 1,052,887 773,881 168,211,868
(42,002) 307,061 18,114 1,195 197,275 (88,228) (196,830) (7,769,364)
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ 43,750
‐ ‐ ‐ ‐ ‐ ‐ ‐ 417,964
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 83,900 ‐ 250,000 197,000 32,873,213
‐ ‐ ‐ ‐ ‐ (92,048) ‐ (18,108,251)
‐ ‐ ‐ 83,900 ‐ 157,952 197,000 15,226,676
(42,002) 307,061 18,114 85,095 197,275 69,724 170 7,457,312
124,078 5,812,986 157,728 31,383 4,275,405 4,160,503 964,133 212,098,455
82,076$ 6,120,047$ 175,842$ 116,478$ 4,472,680$ 4,230,227$ 964,303$ 219,555,767$
Special Revenue Funds
103
Permanent Fund
Pooled
Resource Commercial Gas Tax Community Forest Lakes
Recovery Park Paper Revenue Redevelopment Limited General
Endowment Program Bonds Taxable Note Oblibation Bonds
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ 487,602$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ 2,017,122 ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐
Interest income 18,415 1 16,002 935 7,664
Special assessments ‐ ‐ ‐ ‐ ‐
Miscellaneous 250 ‐ ‐ ‐ ‐
Total revenues 18,665 1 2,033,124 935 495,266
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐
Physical environment 9,909 ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐
Debt service
Principal ‐ 100,000 10,510,000 456,891 460,000
Interest ‐ 133,296 2,737,194 173,160 95,475
Fiscal charges ‐ 24,000 1,647 ‐ 2,875
Capital outlay ‐ ‐ ‐ ‐ ‐
Total expenditures 9,909 257,296 13,248,841 630,051 558,350
Excess (deficit) of revenues
over (under) expenditures 8,756 (257,295) (11,215,717) (629,116) (63,084)
Other financing sources (uses):
Loans issued ‐ 41,721 ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐
Payment to refunding escrow ‐ ‐ ‐ ‐ ‐
Transfers in ‐ 243,000 11,271,000 631,000 4,707
Transfers out ‐ ‐ ‐ ‐ (15,084)
Total other financing sources (uses) ‐ 284,721 11,271,000 631,000 (10,377)
Net change in fund balances 8,756 27,426 55,283 1,884 (73,461)
Fund balances at beginning of year 1,725,144 ‐ 968,830 354,708 742,325
Fund balances at end of year 1,733,900$ 27,426$ 1,024,113$ 356,592$ 668,864$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Debt Service Funds
104
Total Emergency
Special Other Debt County‐Wide Count‐Wide Correctional Medical
Obligation Debt Service Capital Parks Library Facilities Services
Revenue Bonds Service Funds Improvements Improvements Impact Fees Impact Fees Impact Fees
‐$ 179$ 487,781$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ 603,390 1,053,844 1,807,511 464,357
‐ ‐ 2,017,122 897 2,084 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
21,927 30 46,559 65,964 47,003 10,980 11,034 20,556
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
21,927 209 2,551,462 66,861 652,477 1,064,824 1,818,545 484,913
‐ ‐ ‐ 9,736,798 ‐ ‐ ‐ ‐
‐ ‐ ‐ 453,111 ‐ ‐ 35,762 16,874
‐ ‐ ‐ 131,067 ‐ ‐ ‐ ‐
‐ ‐ ‐ 223,751 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 44,480 ‐ ‐ ‐ ‐
‐ ‐ ‐ 341 2,778,479 ‐ ‐ ‐
10,258,000 ‐ 21,784,891 ‐ ‐ ‐ ‐ ‐
7,011,903 ‐ 10,151,028 ‐ ‐ ‐ ‐ ‐
99,018 ‐ 127,540 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 4,238,203 2,146,753 417,290 ‐ 122,618
17,368,921 ‐ 32,063,459 14,827,751 4,925,232 417,290 35,762 139,492
(17,346,994) 209 (29,511,997) (14,760,890) (4,272,755) 647,534 1,782,783 345,421
43,713,000 ‐ 43,754,721 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 69,000 ‐ ‐ ‐ ‐
‐ ‐ ‐ 588,893 1,167,274 ‐ ‐ ‐
(44,525,435) ‐ (44,525,435) ‐ ‐ ‐ ‐ ‐
18,047,800 ‐ 30,197,507 16,952,315 2,642,787 ‐ ‐ ‐
‐ (12,339) (27,423) (967,363) (11,671) (1,158,900) (1,858,500) (448,400)
17,235,365 (12,339) 29,399,370 16,642,845 3,798,390 (1,158,900) (1,858,500) (448,400)
(111,629) (12,130) (112,627) 1,881,955 (474,365) (511,366) (75,717) (102,979)
3,006,476 25,763 5,098,102 10,394,628 4,855,712 977,049 1,563,043 478,772
2,894,847$ 13,633$ 4,985,475$ 12,276,583$ 4,381,347$ 465,683$ 1,487,326$ 375,793$
Debt Service Funds Capital Project Funds
105
Parks Road Government
Water Impact Impact Road Facilities
Management Districts Districts Construction Impact Fees
Revenues:
Taxes ‐$ ‐$ ‐$ 16,139,631$ ‐$
Licenses, permits and impact fees ‐ 10,819,875 26,579,266 ‐ 3,097,079
Intergovernmental 29,842 ‐ ‐ 4,591,815 ‐
Charges for services ‐ ‐ ‐ 12,406 ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐
Interest income 124,909 269,926 695,175 502,781 33,286
Special assessments 716,515 ‐ ‐ ‐ ‐
Miscellaneous 20,022 ‐ 92,179 542,007 ‐
Total revenues 891,288 11,089,801 27,366,620 21,788,640 3,130,365
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐
Physical environment 8,847,380 ‐ ‐ ‐ ‐
Transportation ‐ ‐ 384,899 8,550,165 ‐
Economic environment ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ 231,093 ‐ ‐ ‐
Debt service
Principal ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐
Capital outlay 4,661,666 7,944,820 4,987,650 13,330,409 ‐
Total expenditures 13,509,046 8,175,913 5,372,549 21,880,574 ‐
Excess (deficit) of revenues
over (under) expenditures (12,617,758) 2,913,888 21,994,071 (91,934) 3,130,365
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐
Insurance proceeds 158,063 ‐ ‐ 1,217,934 ‐
Payment to refunding escrow ‐ ‐ ‐ ‐ ‐
Transfers in 5,943,107 ‐ ‐ 12,150,400 ‐
Transfers out (2,276,921) (2,939,600) (440,316) (11,349,135) (5,705,200)
Total other financing sources (uses) 3,824,249 (2,939,600) (440,316) 2,019,199 (5,705,200)
Net change in fund balances (8,793,509) (25,712) 21,553,755 1,927,265 (2,574,835)
Fund balances at beginning of year 13,093,424 25,706,444 53,802,452 47,414,984 2,392,790
Fund balances at end of year 4,299,915$ 25,680,732$ 75,356,207$ 49,342,249$ (182,045)$
See accompanying independent auditors' report
Capital Project Funds
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
106
Total Total
Law All Terrain Other Capital Nonmajor
Enforcement Vehicle Amateur Capital Project Governmental
Impact Fees Park Sports Park Projects Funds Funds
‐$ ‐$ ‐$ ‐$ 16,139,631$ 99,028,839$
1,842,830 ‐ ‐ 8,490 46,276,642 74,886,350
‐ ‐ ‐ ‐ 4,624,638 27,803,775
‐ ‐ ‐ ‐ 12,406 18,054,532
‐ ‐ ‐ ‐ ‐ 1,934,145
16,980 32,211 1,455 18,556 1,850,816 4,441,850
‐ ‐ ‐ 154,739 871,254 4,789,426
‐ ‐ ‐ 28 654,236 2,503,337
1,859,810 32,211 1,455 181,813 70,429,623 233,442,254
‐ ‐ ‐ 9,264 9,746,062 34,843,687
6,699 ‐ ‐ 8,624 521,070 31,074,841
‐ ‐ ‐ 146,756 9,125,203 31,310,051
‐ ‐ ‐ ‐ 9,158,815 45,560,971
‐ ‐ ‐ ‐ ‐ 6,187,171
‐ ‐ ‐ ‐ 44,480 4,004,540
‐ 1,950 290,169 303,168 3,605,200 31,098,147
‐ ‐ ‐ ‐ ‐ 21,808,781
‐ ‐ ‐ ‐ ‐ 10,156,840
‐ ‐ ‐ ‐ ‐ 127,540
‐ ‐ 12,030,275 165,818 50,045,502 66,358,999
6,699 1,950 12,320,444 633,630 82,246,332 282,531,568
1,853,111 30,261 (12,318,989) (451,817) (11,816,709) (49,089,314)
‐ ‐ 11,958,279 ‐ 11,958,279 55,713,000
‐ ‐ ‐ ‐ 69,000 112,750
‐ ‐ ‐ 2,040 3,134,204 3,552,168
‐ ‐ ‐ ‐ ‐ (44,525,435)
‐ ‐ 436,800 509,699 38,635,108 101,705,828
(1,873,700) ‐ ‐ (47,356) (29,077,062) (47,212,736)
(1,873,700) ‐ 12,395,079 464,383 24,719,529 69,345,575
(20,589) 30,261 76,090 12,566 12,902,820 20,256,261
1,682,416 3,012,954 ‐ 1,703,129 167,077,797 385,999,498
1,661,827$ 3,043,215$ 76,090$ 1,715,695$ 179,980,617$ 406,255,759$
Capital Project Funds
107
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 46,844,300$ 45,000,766$ (1,843,534)$
Licenses, permits and impact fees ‐ ‐ ‐ 37,000 35,038 (1,962)
Intergovernmental 1,841,000 1,917,463 76,463 948,521 34,197 (914,324)
Charges for services 281,300 417,932 136,632 3,374,600 2,643,359 (731,241)
Fines and forfeitures ‐ ‐ ‐ 339,000 264,174 (74,826)
Interest income 15,000 55,146 40,146 122,000 380,802 258,802
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous 35,100 46,629 11,529 202,100 291,928 89,828
Total revenues 2,172,400 2,437,170 264,770 51,867,521 48,650,264 (3,217,257)
Expenditures:
Current:
General government ‐ ‐ ‐ 7,201,801 5,839,658 1,362,143
Public safety ‐ ‐ ‐ 4,724,223 4,212,139 512,084
Physical environment ‐ ‐ ‐ 1,854,596 1,598,543 256,053
Transportation 23,244,263 21,579,878 1,664,385 11,206,829 10,007,194 1,199,635
Economic environment ‐ ‐ ‐ 105,600 103,553 2,047
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ 13,396,599 12,445,470 951,129
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 515,653 444,100 71,553 7,039,149 2,721,442 4,317,707
Total expenditures 23,759,916 22,023,978 1,735,938 45,528,797 36,927,999 8,600,798
Excess (deficit) of revenues
over (under) expenditures (21,587,516) (19,586,808) 2,000,708 6,338,724 11,722,265 5,383,541
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ 11,000 11,000 ‐ ‐ ‐
Insurance proceeds 362,800 388,891 26,091 30,000 4,585 (25,415)
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 21,786,900 21,786,900 ‐ 5,406,300 5,557,774 151,474
Transfers out (2,733,400) (2,733,400) ‐ (17,836,167) (15,700,704) 2,135,463
Total other financing sources (uses) 19,416,300 19,453,391 37,091 (12,399,867) (10,138,345) 2,261,522
Net change in fund balances (2,171,216) (133,417) 2,037,799 (6,061,143) 1,583,920 7,645,063
Fund balances at beginning of year 2,184,316 2,184,316 ‐ 11,576,117 11,576,117 ‐
Fund balances at end of year 13,100$ 2,050,899$ 2,037,799$ 5,514,974$ 13,160,037$ 7,645,063$
Reconciliation:
Net change in fund balance, budgetary basis (133,417)$ 1,583,920$
Change in fair value of investments (11,639) (86,591)
Ad valorem refunds not budgeted ‐ (12,241)
Change in inventory ‐ (31,235)
Advances budgeted as transfers ‐ (500,000)
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (145,056)$ 953,853$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
(Budgetary Basis)
Unincorporated Area MSTD
(Budgetary Basis)
Road Disctricts
108
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ 2,449,400$ 2,362,409$ (86,991)$
20,990,100 28,497,585 7,507,485 600 575 (25)
‐ ‐ ‐ ‐ ‐ ‐
3,399,800 3,722,674 322,874 403,300 382,011 (21,289)
‐ ‐ ‐ ‐ ‐ ‐
198,800 641,019 442,219 17,000 61,046 44,046
‐ ‐ ‐ 4,067,300 3,918,172 (149,128)
50,100 49,984 (116) ‐ 2,058 2,058
24,638,800 32,911,262 8,272,462 6,937,600 6,726,271 (211,329)
8,733,506 7,710,441 1,023,065 ‐ ‐ ‐
24,934,362 17,603,497 7,330,865 ‐ ‐ ‐
1,702,500 1,665,343 37,157 3,663,513 3,216,641 446,872
378,500 360,035 18,465 2,956,712 2,569,065 387,647
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,234,680 579,265 1,655,415 326,175 317,284 8,891
37,983,548 27,918,581 10,064,967 6,946,400 6,102,990 843,410
(13,344,748) 4,992,681 18,337,429 (8,800) 623,281 632,081
‐ ‐ ‐ ‐ ‐ ‐
‐ 7,400 7,400 ‐ 23,150 23,150
‐ 4,475 4,475 ‐ 2,641 2,641
‐ ‐ ‐ ‐ ‐ ‐
1,031,500 1,031,500 ‐ ‐ 94,627 94,627
(9,697,331) (660,264) 9,037,067 (574,400) (513,732) 60,668
(8,665,831) 383,111 9,048,942 (574,400) (393,314) 181,086
(22,010,579) 5,375,792 27,386,371 (583,200) 229,967 813,167
39,372,248 39,372,248 ‐ 2,015,300 2,015,300 ‐
17,361,669$ 44,748,040$ 27,386,371$ 1,432,100$ 2,245,267$ 813,167$
5,375,792$ 229,967$
‐ (13,832)
‐ (105)
‐ ‐
‐ ‐
‐ ‐
5,375,792$ 216,030$
Community Development Water Management and Pollution Control
(Budgetary Basis)(Budgetary Basis)
109
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 4,211,000$ 4,067,218$ (143,782)$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 41,123,739 14,924,511 (26,199,228) 100,000 ‐ (100,000)
Charges for services 78,509 4,163 (74,346) 243,500 180,883 (62,617)
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 30,135 60,910 30,775 65,200 211,317 146,117
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous 202,035 273,347 71,312 ‐ 8,080 8,080
Total revenues 41,434,418 15,262,931 (26,171,487) 4,619,700 4,467,498 (152,202)
Expenditures:
Current:
General government 2,442,494 768,048 1,674,446 ‐ ‐ ‐
Public safety 2,326,292 287,522 2,038,770 ‐ ‐ ‐
Physical environment 10,523,434 5,565,586 4,957,848 4,264,237 1,235,741 3,028,496
Transportation 825,921 39,668 786,253 2,014,331 723,476 1,290,855
Economic environment 11,313,097 4,361,305 6,951,792 ‐ ‐ ‐
Human services 6,707,236 3,646,095 3,061,141 ‐ ‐ ‐
Culture and recreation 913,075 121,133 791,942 1,170,856 1,001,772 169,084
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 15,525,958 4,526,292 10,999,666 8,165,013 385,327 7,779,686
Total expenditures 50,577,507 19,315,649 31,261,858 15,614,437 3,346,316 12,268,121
Excess (deficit) of revenues
over (under) expenditures (9,143,089) (4,052,718) 5,090,371 (10,994,737) 1,121,182 12,115,919
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ 12,879 12,879
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 7,133,826 3,845,628 (3,288,198) 549,100 585,673 36,573
Transfers out (165,206) (86,330) 78,876 (643,600) (600,059) 43,541
Total other financing sources (uses) 6,968,620 3,759,298 (3,209,322) (94,500) (1,507) 92,993
Net change in fund balances (2,174,469) (293,420) 1,881,049 (11,089,237) 1,119,675 12,208,912
Fund balances at beginning of year 4,340,895 4,340,895 ‐ 12,615,237 12,615,237 ‐
Fund balances at end of year 2,166,426$ 4,047,475$ 1,881,049$ 1,526,000$ 13,734,912$ 12,208,912$
Reconciliation:
Net change in fund balance, budgetary basis (293,420)$ 1,119,675$
Change in fair value of investments (14,092) (46,907)
Ad valorem refunds not budgeted ‐ (409)
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds 212,759 ‐
Net change in fund balance, GAAP basis (94,753)$ 1,072,359$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Grants and Shared Revenues Improvement Districts
(Budgetary Basis)(Budgetary Basis)
110
Budget Actual Variance Budget Actual Variance
1,538,300$ 1,488,062$ (50,238)$ 1,430,700$ 1,381,199$ (49,501)$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 5,097 5,097 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,000 15,246 14,246 2,500 27,702 25,202
‐ ‐ ‐ ‐ ‐ ‐
1,200 ‐ (1,200) ‐ 23,255 23,255
1,540,500 1,508,405 (32,095) 1,433,200 1,432,156 (1,044)
‐ ‐ ‐ ‐ ‐ ‐
2,447,142 2,063,678 383,464 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,427,900 1,091,361 336,539
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 29,702 (29,702) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,447,142 2,093,380 353,762 1,427,900 1,091,361 336,539
(906,642) (584,975) 321,667 5,300 340,795 335,495
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 4,253 4,253
‐ ‐ ‐ ‐ ‐ ‐
577,800 579,041 1,241 ‐ 11,614 11,614
(211,658) (206,621) 5,037 (1,056,600) (34,980) 1,021,620
366,142 372,420 6,278 (1,056,600) (19,113) 1,037,487
(540,500) (212,555) 327,945 (1,051,300) 321,682 1,372,982
‐ ‐ ‐ 1,365,100 1,365,100 ‐
(540,500)$ (212,555)$ 327,945$ 313,800$ 1,686,782$ 1,372,982$
(212,555)$ 321,682$
(2,213) (6,176)
(504) (18)
‐ ‐
147,900 ‐
‐ ‐
(67,372)$ 315,488$
Fire Control Districts Lighting Districts
(Budgetary Basis)(Budgetary Basis)
111
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 27,650,000$ 27,962,471$ 312,471$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 1,700,000 1,749,505 49,505 300,000 51,540 (248,460)
Charges for services ‐ ‐ ‐ 20,500 16,033 (4,467)
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 19,500 38,850 19,350 469,100 942,191 473,091
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 30,000 89,311 59,311
Total revenues 1,719,500 1,788,355 68,855 28,469,600 29,061,546 591,946
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety 2,511,100 1,858,454 652,646 ‐ ‐ ‐
Physical environment ‐ ‐ ‐ 7,926,375 7,887,830 38,545
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ 18,064,140 13,827,928 4,236,212
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 97,500 86,287 11,213 19,230,326 6,576,803 12,653,523
Total expenditures 2,608,600 1,944,741 663,859 45,220,841 28,292,561 16,928,280
Excess (deficit) of revenues
over (under) expenditures (889,100) (156,386) 732,714 (16,751,241) 768,985 17,520,226
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 7,487,700 7,768,633 280,933
Transfers out ‐ ‐ ‐ (7,928,482) (8,121,138) (192,656)
Total other financing sources (uses) ‐ ‐ ‐ (440,782) (352,505) 88,277
Net change in fund balances (889,100) (156,386) 732,714 (17,192,023) 416,480 17,608,503
Fund balances at beginning of year 2,894,900 2,894,900 ‐ 60,467,020 60,467,020 ‐
Fund balances at end of year 2,005,800$ 2,738,514$ 732,714$ 43,274,997$ 60,883,500$ 17,608,503$
Reconciliation:
Net change in fund balance, budgetary basis (156,386)$ 416,480$
Change in fair value of investments (8,662) (206,075)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (165,048)$ 210,405$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
911 Enhancement Fee Tourist Development
(Budgetary Basis)(Budgetary Basis)
112
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
6,515,919 1,072,746 (5,443,173) ‐ ‐ ‐
‐ ‐ ‐ 398,900 349,869 (49,031)
‐ ‐ ‐ ‐ ‐ ‐
59,976 71,205 11,229 800 1,644 844
‐ ‐ ‐ ‐ ‐ ‐
916,891 479,957 (436,934) 135,700 144,855 9,155
7,492,786 1,623,908 (5,868,878) 535,400 496,368 (39,032)
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,293,900 1,264,126 29,774
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
7,490,030 1,722,313 5,767,717 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,756 2,756 ‐ ‐ ‐ ‐
7,492,786 1,725,069 5,767,717 1,293,900 1,264,126 29,774
‐ (101,161) (101,161) (758,500) (767,758) (9,258)
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 712,600 712,600 ‐
‐ (31,572) (31,572) ‐ ‐ ‐
‐ (31,572) (31,572) 712,600 712,600 ‐
‐ (132,733) (132,733) (45,900) (55,158) (9,258)
‐ ‐ ‐ 72,700 72,700 ‐
‐$ (132,733)$ (132,733)$ 26,800$ 17,542$ (9,258)$
(132,733)$ (55,158)$
(16,035) (377)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
(148,768)$ (55,535)$
State Housing Initiativeship Partnership 800 MHZ IRCP Fund
(Budgetary Basis)(Budgetary Basis)
113
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services 189,000 199,685 10,685 ‐ ‐ ‐
Fines and forfeitures 872,500 716,752 (155,748) ‐ 4,678 4,678
Interest income 1,000 3,059 2,059 1,500 2,391 891
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ 10,322 10,322 ‐ ‐ ‐
Total revenues 1,062,500 929,818 (132,682) 1,500 7,069 5,569
Expenditures:
Current:
General government 1,156,900 1,106,242 50,658 ‐ ‐ ‐
Public safety 1,569,900 1,510,904 58,996 52,000 29,000 23,000
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 8,000 3,449 4,551 ‐ ‐ ‐
Total expenditures 2,734,800 2,620,595 114,205 52,000 29,000 23,000
Excess (deficit) of revenues
over (under) expenditures (1,672,300) (1,690,777) (18,477) (50,500) (21,931) 28,569
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 1,708,500 1,708,500 ‐ ‐ ‐ ‐
Transfers out (254,300) (239,300) 15,000 (59,149) (43,841) 15,308
Total other financing sources (uses) 1,454,200 1,469,200 15,000 (59,149) (43,841) 15,308
Net change in fund balances (218,100) (221,577) (3,477) (109,649) (65,772) 43,877
Fund balances at beginning of year 258,400 258,400 ‐ 171,563 171,563 ‐
Fund balances at end of year 40,300$ 36,823$ (3,477)$ 61,914$ 105,791$ 43,877$
Reconciliation:
Net change in fund balance, budgetary basis (221,577)$ (65,772)$
Change in fair value of investments (704) (544)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (222,281)$ (66,316)$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
State Court Administration Confiscated Property
(Budgetary Basis)(Budgetary Basis)
114
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ 190,000$ 137,478$ (52,522)$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 100,000 100,000 ‐
‐ ‐ ‐ ‐ ‐ ‐
3,500 12,042 8,542 5,000 19,224 14,224
‐ ‐ ‐ ‐ ‐ ‐
17,000 ‐ (17,000) ‐ ‐ ‐
20,500 12,042 (8,458) 295,000 256,702 (38,298)
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 452,400 266,184 186,216
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
107,063 ‐ 107,063 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
107,063 ‐ 107,063 452,400 266,184 186,216
(86,563) 12,042 98,605 (157,400) (9,482) 147,918
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
(86,563) 12,042 98,605 (157,400) (9,482) 147,918
868,200 868,200 ‐ 1,447,000 1,447,000 ‐
781,637$ 880,242$ 98,605$ 1,289,600$ 1,437,518$ 147,918$
12,042$ (9,482)$
(2,686) (4,316)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
9,356$ (13,798)$
GAC Land Sales, Roads and Canals Utility Fee
(Budgetary Basis)(Budgetary Basis)
115
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ 1,824$ 1,824$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services 300 72 (228) 800,000 886,824 86,824
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 81,600 453,045 371,445 4,300 15,383 11,083
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous 639,676 256,623 (383,053) ‐ ‐ ‐
Total revenues 721,576 711,564 (10,012) 804,300 902,207 97,907
Expenditures:
Current:
General government ‐ ‐ ‐ 900,170 778,446 121,724
Public safety ‐ ‐ ‐ 26,300 10,807 15,493
Physical environment 1,145,485 689,221 456,264 ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 28,500 24,419 4,081
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 1,255,480 119,024 1,136,456 80,700 46,684 34,016
Total expenditures 2,400,965 808,245 1,592,720 1,035,670 860,356 175,314
Excess (deficit) of revenues
over (under) expenditures (1,679,389) (96,681) 1,582,708 (231,370) 41,851 273,221
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ 2,200 2,200 ‐ ‐ ‐
Insurance proceeds 100 240 140 ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 1,306,300 1,305,800 (500) ‐ ‐ ‐
Transfers out (1,315,782) (1,315,782) ‐ (36,300) (36,300) ‐
Total other financing sources (uses) (9,382) (7,542) 1,840 (36,300) (36,300) ‐
Net change in fund balances (1,688,771) (104,223) 1,584,548 (267,670) 5,551 273,221
Fund balances at beginning of year 32,683,571 32,683,571 ‐ 102,657 102,657 ‐
Fund balances at end of year 30,994,800$ 32,579,348$ 1,584,548$ (165,013)$ 108,208$ 273,221$
Reconciliation:
Net change in fund balance, budgetary basis (104,223)$ 5,551$
Change in fair value of investments (101,256) (3,384)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (205,479)$ 2,167$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Conservation Collier Court Information Technology
(Budgetary Basis)(Budgetary Basis)
116
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
219,000 402,809 183,809 ‐ ‐ ‐
6,189,241 6,827,098 637,857 28,000 6,455 (21,545)
‐ ‐ ‐ ‐ ‐ ‐
10,000 44,246 34,246 ‐ 1,605 1,605
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
6,418,241 7,274,153 855,912 28,000 8,060 (19,940)
6,418,241 5,522,154 896,087 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 68,500 49,700 18,800
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 7,000 ‐ 7,000
6,418,241 5,522,154 896,087 75,500 49,700 25,800
‐ 1,751,999 1,751,999 (47,500) (41,640) 5,860
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 1,751,999 1,751,999 (47,500) (41,640) 5,860
‐ ‐ ‐ 9,400 9,400 ‐
‐$ 1,751,999$ 1,751,999$ (38,100)$ (32,240)$ 5,860$
1,751,999$ (41,640)$
‐ (362)
‐ ‐
‐ ‐
‐ ‐
(1,768,419) ‐
(16,420)$ (42,002)$
University Extension
Court Services (Budgetary Basis)
117
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ 16,332 16,332
Fines and forfeitures 800,000 827,051 27,051 ‐ ‐ ‐
Interest income 50,000 83,254 33,254 600 2,289 1,689
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 850,000 910,305 60,305 600 18,621 18,021
Expenditures:
Current:
General government 1,022,339 368,417 653,922 ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ 134,100 ‐ 134,100
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 818,333 216,317 602,016 ‐ ‐ ‐
Total expenditures 1,840,672 584,734 1,255,938 134,100 ‐ 134,100
Excess (deficit) of revenues
over (under) expenditures (990,672) 325,571 1,316,243 (133,500) 18,621 152,121
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ ‐ ‐ ‐
Transfers out ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) ‐ ‐ ‐ ‐ ‐ ‐
Net change in fund balances (990,672) 325,571 1,316,243 (133,500) 18,621 152,121
Fund balances at beginning of year 5,834,632 5,834,632 ‐ 133,500 133,500 ‐
Fund balances at end of year 4,843,960$ 6,160,203$ 1,316,243$ ‐$ 152,121$ 152,121$
Reconciliation:
Net change in fund balance, budgetary basis 325,571$ 18,621$
Change in fair value of investments (18,510) (507)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis 307,061$ 18,114$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Court Facilities Fee Affordable Housing
(Budgetary Basis)(Budgetary Basis)
118
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,170,000 1,140,308 (29,692)
‐ ‐ ‐ ‐ ‐ ‐
‐ 1,548 1,548 13,100 39,332 26,232
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 1,548 1,548 1,183,100 1,179,640 (3,460)
‐ ‐ ‐ 2,601,100 982,364 1,618,736
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,000 ‐ 1,000 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,576,899 ‐ 1,576,899
1,000 ‐ 1,000 4,177,999 982,364 3,195,635
(1,000) 1,548 2,548 (2,994,899) 197,276 3,192,175
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
83,900 83,900 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
83,900 83,900 ‐ ‐ ‐ ‐
82,900 85,448 2,548 (2,994,899) 197,276 3,192,175
31,300 31,300 ‐ 3,644,557 3,644,557 ‐
114,200$ 116,748$ 2,548$ 649,658$ 3,841,833$ 3,192,175$
85,448$ 197,276$
(353) ‐
‐ ‐
‐ ‐
‐ ‐
‐ ‐
85,095$ 197,276$
Ave Maria Innovation Zone
(Budgetary Basis)Other Court Special Revenue Funds
119
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ 5,400 76,510 71,110
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services 80,000 74,215 (5,785) 218,600 275,131 56,531
Fines and forfeitures 69,000 74,248 5,248 36,000 47,242 11,242
Interest income 16,000 20,970 4,970 6,200 14,897 8,697
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 123,000 166,574 43,574
Total revenues 165,000 169,433 4,433 389,200 580,354 191,154
Expenditures:
Current:
General government ‐ ‐ ‐ 245,300 193,290 52,010
Public safety 1,082,900 357,438 725,462 111,000 111,000 ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 349,600 289,546 60,054
Culture and recreation ‐ ‐ ‐ 235,600 96,506 139,094
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 100,000 ‐ 100,000 107,000 83,539 23,461
Total expenditures 1,182,900 357,438 825,462 1,048,500 773,881 274,619
Excess (deficit) of revenues
over (under) expenditures (1,017,900) (188,005) 829,895 (659,300) (193,527) 465,773
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 248,700 197,000 (51,700)
Transfers out (158,079) (92,048) 66,031 ‐ ‐ ‐
Total other financing sources (uses) (158,079) (92,048) 66,031 248,700 197,000 (51,700)
Net change in fund balances (1,175,979) (280,053) 895,926 (410,600) 3,473 414,073
Fund balances at beginning of year ‐ ‐ ‐ 833,500 833,500 ‐
Fund balances at end of year (1,175,979)$ (280,053)$ 895,926$ 422,900$ 836,973$ 414,073$
Reconciliation:
Net change in fund balance, budgetary basis (280,053)$ 3,473$
Change in fair value of investments (4,688) (3,303)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds 354,465 ‐
Net change in fund balance, GAAP basis 69,724$ 170$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Other Public Safety Revenue Funds Other Special Revenue Funds
(Budgetary Basis)(Budgetary Basis)
120
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
16,700 23,713 7,013 ‐ 1 1
‐ ‐ ‐ ‐ ‐ ‐
300 250 (50) ‐ ‐ ‐
17,000 23,963 6,963 ‐ 1 1
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
16,700 9,909 6,791 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 284,800 257,296 27,504
‐ ‐ ‐ ‐ ‐ ‐
16,700 9,909 6,791 284,800 257,296 27,504
300 14,054 13,754 (284,800) (257,295) 27,505
‐ ‐ ‐ 41,800 41,721 (79)
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 243,000 243,000 ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 284,800 284,721 (79)
300 14,054 13,754 ‐ 27,426 27,426
1,702,900 1,702,900 ‐ ‐ ‐ ‐
1,703,200$ 1,716,954$ 13,754$ ‐$ 27,426$ 27,426$
14,054$ 27,426$
(5,298) ‐
‐ ‐
‐ ‐
‐ ‐
‐ ‐
8,756$ 27,426$
Resource Recovery Park Endowment Pooled Commercial Paper Program
(Budgetary Basis)(Budgetary Basis)
121
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 1,875,000 2,017,122 142,122 ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 1,000 20,982 19,982 ‐ 820 820
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 1,876,000 2,038,104 162,104 ‐ 820 820
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service 13,263,000 13,248,841 14,159 631,000 630,051 949
Capital outlay ‐ ‐ ‐ ‐ ‐ ‐
Total expenditures 13,263,000 13,248,841 14,159 631,000 630,051 949
Excess (deficit) of revenues
over (under) expenditures (11,387,000) (11,210,737) 176,263 (631,000) (629,231) 1,769
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 11,271,000 11,271,000 ‐ 631,000 631,000 ‐
Transfers out ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) 11,271,000 11,271,000 ‐ 631,000 631,000 ‐
Net change in fund balances (116,000) 60,263 176,263 ‐ 1,769 1,769
Fund balances at beginning of year 899,800 899,800 ‐ 350,000 350,000 ‐
Fund balances at end of year 783,800$ 960,063$ 176,263$ 350,000$ 351,769$ 1,769$
Reconciliation:
Net change in fund balance, budgetary basis 60,263$ 1,769$
Change in fair value of investments (4,980) 115
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis 55,283$ 1,884$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Gas Tax Revenue Bonds Community Redevelopment Taxable Note
(Budgetary Basis)(Budgetary Basis)
122
Budget Actual Variance Budget Actual Variance
506,600$ 487,602$ (18,998)$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,500 9,884 8,384 12,000 28,016 16,016
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
508,100 497,486 (10,614) 12,000 28,016 16,016
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
559,500 558,350 1,150 17,505,650 17,368,921 136,729
‐ ‐ ‐ ‐ ‐ ‐
559,500 558,350 1,150 17,505,650 17,368,921 136,729
(51,400) (60,864) (9,464) (17,493,650) (17,340,905) 152,745
‐ ‐ ‐ 43,713,000 43,713,000 ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ (44,525,550) (44,525,435) 115
‐ 4,707 4,707 18,047,800 18,047,800 ‐
(19,800) (15,084) 4,716 ‐ ‐ ‐
(19,800) (10,377) 9,423 17,235,250 17,235,365 115
(71,200) (71,241) (41) (258,400) (105,540) 152,860
727,100 727,100 ‐ 2,891,900 2,891,900 ‐
655,900$ 655,859$ (41)$ 2,633,500$ 2,786,360$ 152,860$
(71,241)$ (105,540)$
(2,220) (6,089)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
(73,461)$ (111,629)$
Forest Lakes Limited General Special Obligation Revenue Bonds
Obligation Bonds (Budgetary Basis)(Budgetary Basis)
123
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes 1,000$ 179$ (821)$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ 7,461,212 897 (7,460,315)
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 200 30 (170) 65,000 84,736 19,736
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 1,200 209 (991) 7,526,212 85,633 (7,440,579)
Expenditures:
Current:
General government ‐ ‐ ‐ 17,255,291 9,736,798 7,518,493
Public safety ‐ ‐ ‐ 5,930,194 1,420,474 4,509,720
Physical environment ‐ ‐ ‐ 1,549,937 131,067 1,418,870
Transportation ‐ ‐ ‐ 250,000 223,751 26,249
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 544,215 44,480 499,735
Culture and recreation ‐ ‐ ‐ 341 341 ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 8,588,677 4,238,203 4,350,474
Total expenditures ‐ ‐ ‐ 34,118,655 15,795,114 18,323,541
Excess (deficit) of revenues
over (under) expenditures 1,200 209 (991) (26,592,443) (15,709,481) 10,882,962
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 69,000 69,000
Insurance proceeds ‐ ‐ ‐ 1,701,428 588,893 (1,112,535)
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 19,775,417 16,952,315 (2,823,102)
Transfers out (13,400) (12,339) 1,061 (5,306,800) (5,306,800) ‐
Total other financing sources (uses) (13,400) (12,339) 1,061 16,170,045 12,303,408 (3,866,637)
Net change in fund balances (12,200) (12,130) 70 (10,422,398) (3,406,073) 7,016,325
Fund balances at beginning of year 12,200 12,200 ‐ 11,225,698 11,225,698 ‐
Fund balances at end of year ‐$ 70$ 70$ 803,300$ 7,819,625$ 7,016,325$
Reconciliation:
Net change in fund balance, budgetary basis (12,130)$ (3,406,073)$
Change in fair value of investments ‐ (18,772)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ 5,306,800
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (12,130)$ 1,881,955$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Other Debt Service County‐Wide Capital Improvements
(Budgetary Basis)(Budgetary Basis)
124
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
590,000 603,390 13,390 950,000 1,053,844 103,844
515,600 2,084 (513,516) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
10,000 60,904 50,904 5,000 13,924 8,924
‐ ‐ ‐ ‐ ‐ ‐
51,000 ‐ (51,000) ‐ ‐ ‐
1,166,600 666,378 (500,222) 955,000 1,067,768 112,768
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
4,540,375 2,778,479 1,761,896 89,598 ‐ 89,598
‐ ‐ ‐ ‐ ‐ ‐
4,878,202 2,146,753 2,731,449 417,746 417,290 456
9,418,577 4,925,232 4,493,345 507,344 417,290 90,054
(8,251,977) (4,258,854) 3,993,123 447,656 650,478 202,822
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,146,157 1,167,274 21,117 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
4,369,043 2,642,787 (1,726,256) 311,600 311,600 ‐
(24,625) (11,671) 12,954 (1,158,900) (1,158,900) ‐
5,490,575 3,798,390 (1,692,185) (847,300) (847,300) ‐
(2,761,402) (460,464) 2,300,938 (399,644) (196,822) 202,822
2,949,002 2,949,002 ‐ 865,944 865,944 ‐
187,600$ 2,488,538$ 2,300,938$ 466,300$ 669,122$ 202,822$
(460,464)$ (196,822)$
(13,901) (2,944)
‐ ‐
‐ ‐
‐ (311,600)
‐ ‐
(474,365)$ (511,366)$
Parks Improvements County‐Wide Library Impact Fee
(Budgetary Basis)(Budgetary Basis)
125
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees 1,700,000 1,807,511 107,511 430,000 464,357 34,357
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 12,000 13,733 1,733 4,000 26,182 22,182
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 1,712,000 1,821,244 109,244 434,000 490,539 56,539
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety 250,280 35,762 214,518 74,554 16,874 57,680
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 2,144,973 122,618 2,022,355
Total expenditures 250,280 35,762 214,518 2,219,527 139,492 2,080,035
Excess (deficit) of revenues
over (under) expenditures 1,461,720 1,785,482 323,762 (1,785,527) 351,047 2,136,574
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 1,962,800 1,962,800 ‐
Transfers out (1,858,500) (1,858,500) ‐ (448,400) (448,400) ‐
Total other financing sources (uses) (1,858,500) (1,858,500) ‐ 1,514,400 1,514,400 ‐
Net change in fund balances (396,780) (73,018) 323,762 (271,127) 1,865,447 2,136,574
Fund balances at beginning of year ‐ ‐ ‐ ‐ ‐ ‐
Fund balances at end of year (396,780)$ (73,018)$ 323,762$ (271,127)$ 1,865,447$ 2,136,574$
Reconciliation:
Net change in fund balance, budgetary basis (73,018)$ 1,865,447$
Change in fair value of investments (2,699) (5,626)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ (1,962,800)
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (75,717)$ (102,979)$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Correctional Facilities Impact Fees Emergency Medical Services Impact Fees
(Budgetary Basis)(Budgetary Basis)
126
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ 8,500,000 10,819,875 2,319,875
83,700 29,842 (53,858) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
75,000 161,787 86,787 104,000 346,066 242,066
743,900 716,515 (27,385) ‐ ‐ ‐
‐ 20,022 20,022 ‐ ‐ ‐
902,600 928,166 25,566 8,604,000 11,165,941 2,561,941
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,077,769 8,847,380 (6,769,611) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 243,907 231,093 12,814
‐ ‐ ‐ ‐ ‐ ‐
28,533,106 4,661,666 23,871,440 27,143,621 7,944,820 19,198,801
30,610,875 13,509,046 17,101,829 27,387,528 8,175,913 19,211,615
(29,708,275) (12,580,880) 17,127,395 (18,783,528) 2,990,028 21,773,556
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
16,300 158,063 141,763 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
21,357,300 5,943,107 (15,414,193) ‐ ‐ ‐
(4,712,595) (2,276,921) 2,435,674 (2,939,600) (2,939,600) ‐
16,661,005 3,824,249 (12,836,756) (2,939,600) (2,939,600) ‐
(13,047,270) (8,756,631) 4,290,639 (21,723,128) 50,428 21,773,556
13,088,170 13,088,170 ‐ 25,334,978 25,334,978 ‐
40,900$ 4,331,539$ 4,290,639$ 3,611,850$ 25,385,406$ 21,773,556$
(8,756,631)$ 50,428$
(36,878) (76,140)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
(8,793,509)$ (25,712)$
Water Management Parks Impact Districts
(Budgetary Basis)(Budgetary Basis)
127
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees 13,000,000 26,579,266 13,579,266 14,331,000 16,139,631 1,808,631
Intergovernmental ‐ ‐ ‐ 6,194,000 4,591,815 (1,602,185)
Charges for services ‐ ‐ ‐ 6,500 12,406 5,906
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 256,000 886,628 630,628 202,000 1,150,031 948,031
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ 92,179 92,179 1,247,529 542,007 (705,522)
Total revenues 13,256,000 27,558,073 14,302,073 21,981,029 22,435,890 454,861
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation 10,396,693 891,901 9,504,792 8,737,417 8,550,165 187,252
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 36,149,217 4,480,648 31,668,569 47,367,425 13,330,409 34,037,016
Total expenditures 46,545,910 5,372,549 41,173,361 56,104,842 21,880,574 34,224,268
Excess (deficit) of revenues
over (under) expenditures (33,289,910) 22,185,524 55,475,434 (34,123,813) 555,316 34,679,129
Other financing sources (uses):
Loans issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ 600,000 1,217,934 617,934
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 15,650,400 12,150,400 (3,500,000)
Transfers out (1,068,385) (440,316) 628,069 (25,812,417) (11,349,135) 14,463,282
Total other financing sources (uses) (1,068,385) (440,316) 628,069 (9,562,017) 2,019,199 11,581,216
Net change in fund balances (34,358,295) 21,745,208 56,103,503 (43,685,830) 2,574,515 46,260,345
Fund balances at beginning of year 54,022,576 54,022,576 ‐ 48,630,111 48,630,111 ‐
Fund balances at end of year 19,664,281$ 75,767,784$ 56,103,503$ 4,944,281$ 51,204,626$ 46,260,345$
Reconciliation:
Net change in fund balance, budgetary basis 21,745,208$ 2,574,515$
Change in fair value of investments ‐ (647,250)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis 21,745,208$ 1,927,265$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Road Impact Districts Road Construction
(Budgetary Basis)(Budgetary Basis)
128
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
2,800,000 3,097,079 297,079 1,575,000 1,842,830 267,830
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
20,000 42,101 22,101 20,000 21,563 1,563
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,820,000 3,139,180 319,180 1,595,000 1,864,393 269,393
128,697 ‐ 128,697 ‐ ‐ ‐
‐ ‐ ‐ 162,204 6,699 155,505
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,736 ‐ 1,736 20,048 ‐ 20,048
130,433 ‐ 130,433 182,252 6,699 175,553
2,689,567 3,139,180 449,613 1,412,748 1,857,694 444,946
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
3,357,400 3,354,174 (3,226) ‐ ‐ ‐
(6,540,200) (6,537,999) 2,201 (1,873,700) (1,873,700) ‐
(3,182,800) (3,183,825) (1,025) (1,873,700) (1,873,700) ‐
(493,233) (44,645) 448,588 (460,952) (16,006) 444,946
3,539,765 3,539,765 ‐ 1,668,612 1,682,416 13,804
3,046,532$ 3,495,120$ 448,588$ 1,207,660$ 1,666,410$ 458,750$
(44,645)$ (16,006)$
(8,815) (4,583)
‐ ‐
‐ ‐
(2,521,375) ‐
‐ ‐
(2,574,835)$ (20,589)$
Government Facilities Impact Fees Law Enforcement Impact Fees
(Budgetary Basis)(Budgetary Basis)
129
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 18,000 41,472 23,472 ‐ 1,849 1,849
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 18,000 41,472 23,472 ‐ 1,849 1,849
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation 35,089 1,950 33,139 300,000 290,169 9,831
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 12,095,000 12,030,275 64,725
Total expenditures 35,089 1,950 33,139 12,395,000 12,320,444 74,556
Excess (deficit) of revenues
over (under) expenditures (17,089) 39,522 56,611 (12,395,000) (12,318,595) 76,405
Other financing sources (uses):
Loans issued ‐ ‐ ‐ 11,958,200 11,958,279 79
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 436,800 436,800 ‐
Transfers out ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) ‐ ‐ ‐ 12,395,000 12,395,079 79
Net change in fund balances (17,089) 39,522 56,611 ‐ 76,484 76,484
Fund balances at beginning of year 3,003,989 3,003,989 ‐ ‐ ‐ ‐
Fund balances at end of year 2,986,900$ 3,043,511$ 56,611$ ‐$ 76,484$ 76,484$
Reconciliation:
Net change in fund balance, budgetary basis 39,522$ 76,484$
Change in fair value of investments (9,261) (394)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis 30,261$ 76,090$
See accompanying independent auditors' report
Amateur Sports Park
(Budgetary Basis)
All Terrain Vehicle Park
(Budgetary Basis)
COLLIER COUNTY, FLORIDA
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
130
Budget Actual Variance
‐$ ‐$ ‐$
6,000 8,490 2,490
5,303 ‐ (5,303)
‐ ‐ ‐
‐ ‐ ‐
6,200 23,863 17,663
160,500 154,739 (5,761)
‐ 28 28
178,003 187,120 9,117
75,000 9,264 65,736
88,390 8,624 79,766
229,359 146,756 82,603
‐ ‐ ‐
‐ ‐ ‐
‐ ‐ ‐
705,419 303,168 402,251
‐ ‐ ‐
596,576 165,818 430,758
1,694,744 633,630 1,061,114
(1,516,741) (446,510) 1,070,231
‐ ‐ ‐
‐ ‐ ‐
‐ 2,040 2,040
‐ ‐ ‐
552,731 518,963 (33,768)
(49,200) (47,356) 1,844
503,531 473,647 (29,884)
(1,013,210) 27,137 1,040,347
1,676,010 1,676,010 ‐
662,800$ 1,703,147$ 1,040,347$
27,137$
(5,307)
‐
‐
(9,264)
‐
12,566$
Other Capital Projects
(Budgetary Basis)
131
THIS PAGE INTENTIONALLY LEFT BLANK
Nonmajor Enterprise Funds
AIRPORT AUTHORITY – To account for the provision of landing facilities and the sale of fuel at the
airports.
COLLIER AREA TRANSIT – To account for the provision of public transportation throughout the
County.
Total
Collier Nonmajor
Airport Area Enterprise
Authority Transit Funds
Current assets:
Cash and investments 1,519,988$ 584,281$ 2,104,269$
Receivables:
Trade, net 56,704 18,284 74,988
Interest 3,506 2,082 5,588
Due from other funds ‐ 12,013 12,013
Inventory 130,367 ‐ 130,367
Restricted assets:
Cash and investments 29,915 73,344 103,259
Due from other governments 926,780 2,399,487 3,326,267
Total current assets 2,667,260 3,089,491 5,756,751
Noncurrent assets:
Capital assets:
Land and nondepreciable capital assets 4,062,501 6,340,238 10,402,739
Depreciable capital assets, net 30,316,918 19,070,687 49,387,605
Total noncurrent assets 34,379,419 25,410,925 59,790,344
Total assets 37,046,679 28,500,416 65,547,095
Deferred outflows of resources related to pensions 238,437 102,560 340,997
LIABILITIES
Current liabilities:
Accounts payable 421,184 419,584 840,768
Wages payable 28,158 10,551 38,709
Retainage payable 36,300 ‐ 36,300
Due to other funds 169 1,040 1,209
Due to other governments 2,986 35 3,021
Unearned revenues 40,517 ‐ 40,517
Compensated absences 35,371 8,877 44,248
Net pension liability 6,424 2,295 8,719
Liabilities payable from restricted assets:
Accounts payable 102,407 1,117,715 1,220,122
Wages payable ‐ 136 136
Retainage payable 5,269 11,000 16,269
Due to other governments ‐ 69,022 69,022
Refundable deposits 9,826 ‐ 9,826
Unearned revenue 5,845 ‐ 5,845
Total current liabilities 694,456 1,640,255 2,334,711
Noncurrent liabilities:
Compensated absences 8,843 2,220 11,063
Total OPEB liability 51,873 22,231 74,104
Net pension liability 632,313 263,375 895,688
Total noncurrent liabilities 693,029 287,826 980,855
Total liabilities 1,387,485 1,928,081 3,315,566
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 1,242 524 1,766
Deferred inflows of resources related to pensions 58,888 24,138 83,026
Total deferred inflows of resources 60,130 24,662 84,792
NET POSITION
Net investment in capital assets 33,951,982 25,259,127 59,211,109
Restricted for grants and other purposes 833,348 1,416,295 2,249,643
Unrestricted 1,052,171 (25,189) 1,026,982
Total net position 35,837,501$ 26,650,233$ 62,487,734$
See accompanying independent auditors' report
DEFERRED OUTFLOWS OF RESOURCES
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
NONMAJOR ENTERPRISE FUNDS
SEPTEMBER 30, 2018
ASSETS
134
Total
Collier Nonmajor
Airport Area Enterprise
Authority Transit Funds
Operating revenues:
Charges for services 3,934,790$ 1,076,454$ 5,011,244$
Miscellaneous 15,673 52,499 68,172
Total operating revenues 3,950,463 1,128,953 5,079,416
Operating expenses:
Personal services 976,075 460,342 1,436,417
Operating 2,949,374 10,102,595 13,051,969
Depreciation 1,525,540 1,904,396 3,429,936
Total operating expenditures 5,450,989 12,467,333 17,918,322
Operating loss (1,500,526) (11,338,380) (12,838,906)
Non‐operating revenues:
Operating grants and contributions ‐ 4,477,478 4,477,478
Interest income 13,845 11,950 25,795
Insurance reimbursement 199,886 ‐ 199,886
Gain on disposal of capital assets 1,799 (167,489) (165,690)
Total non‐operating revenues 215,530 4,321,939 4,537,469
Loss before contributions and transfers (1,284,996) (7,016,441) (8,301,437)
Capital grants and contributions 1,861,193 2,710,808 4,572,001
Transfers in ‐ 4,495,174 4,495,174
Total transfers and contributions 1,861,193 7,205,982 9,067,175
Changes in net position 576,197 189,541 765,738
Net position ‐ beginning 35,261,304 26,460,692 61,721,996
Net position ‐ ending 35,837,501$ 26,650,233$ 62,487,734$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
NONMAJOR ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
135
Total
Collier Nonmajor
Airport Area Enterprise
Authority Transit Funds
Cash flows from operating activities:
Cash received for services 3,965,030$ 1,177,942$ 5,142,972$
Cash payments for goods and services (2,622,712) (6,984,532) (9,607,244)
Cash payments to employees (957,155) (403,566) (1,360,721)
Cash payments for interfund services (412,548) (2,670,933) (3,083,481)
Net cash used for operating activities (27,385) (8,881,089) (8,908,474)
Cash flows from non‐capital financing activities:
Cash received from operating grants ‐ 3,015,148 3,015,148
Cash transfers from other funds 715,836 5,450,850 6,166,686
Cash transfers to other funds (717,265) (942,080) (1,659,345)
Net cash provided by (used for) non‐capital financing activities (1,429) 7,523,918 7,522,489
Cash flows from capital and related financing activities:
Receipts from insurance reimbursements 160,343 ‐ 160,343
Proceeds from disposal of capital assets 1,800 28,900 30,700
Proceeds from capital grants 1,428,504 2,366,967 3,795,471
Payments for capital acquisitions (1,779,624) (2,774,825) (4,554,449)
Net cash used for capital and related financing activities (188,977) (378,958) (567,935)
Cash flows from investing activities:
Interest on investments 12,431 14,672 27,103
Net cash provided by investing activities 12,431 14,672 27,103
Net decrease in cash and investments (205,360) (1,721,457) (1,926,817)
Cash and investments, October 1, 2017 1,755,263 2,379,082 4,134,345
Cash and investments, September 30, 2018 1,549,903$ 657,625$ 2,207,528$
Cash and investments 1,519,988$ 584,281$ 2,104,269$
Cash and investments ‐ restricted 29,915 73,344 103,259
Cash and investments, September 30, 2018 1,549,903$ 657,625$ 2,207,528$
Operating loss (1,500,526)$ (11,338,380)$ (12,838,906)$
Adjustments to reconcile operating loss to net cash provided by (used for) operating activities:
Depreciation expense 1,525,540 1,904,396 3,429,936
Net changes in assets and liabilities:
Trade receivable 43,438 48,959 92,397
Inventory (40,026) ‐ (40,026)
Accounts payable (46,030) 453,233 407,203
Wages payable 1,018 (4,568) (3,550)
Due to other funds 170 (6,108) (5,938)
Due to other governments (636) 35 (601)
Compensated absences 4,245 (46) 4,199
Unearned revenue (28,235) ‐ (28,235)
Total OPEB liability (5,083) 7,043 1,960
Deferred inflows of resources related to OPEB 1,193 511 1,704
Net pension liability (13,719) 62,969 49,250
Deferred outflows of resources related to pensions 8,405 (22,736) (14,331)
Deferred inflows of resources related to pensions 22,861 13,603 36,464
Total adjustments 1,473,141 2,457,291 3,930,432
Net cash used for operating activities (27,385)$ (8,881,089)$ (8,908,474)$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (5,765)$ 3,466$ (2,299)$
Contributed capital assets ‐ 307,891 307,891
Change in capital related grant receivable 432,689 35,950 468,639
Capital related accounts payable 385,868 140,798 526,666
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
NONMAJOR ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
136
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 Board and
participating constitutional officer 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.
MOTOR POOL CAPITAL RECOVERY – To account for the accumulation of resources for the
replacement of vehicles and heavy equipment for County governmental activities.
INFORMATION TECHNOLOGY – To account for the costs of operating the County data processing
facility and telephone communication system.
Sheriff's Motor Pool
Self‐Self‐Fleet Capital Information
Insurance Insurance Management Recovery Technology Total
Current assets:
Cash and investments 43,069,606$ 10,102,567$ 1,084,503$ 6,764,026$ 3,580,179$ 64,600,881$
Receivables:
Trade, net 17,386 2,407 ‐ ‐ ‐ 19,793
Interest 98,110 21,619 1,604 13,723 9,085 144,141
Due from other funds 15,953 500,000 154 ‐ ‐ 516,107
Due from other governments 29,587 ‐ 177,296 ‐ 95,933 302,816
Inventory ‐ ‐ 375,248 ‐ ‐ 375,248
Prepaid costs ‐ ‐ ‐ ‐ 46,266 46,266
Total current assets 43,230,642 10,626,593 1,638,805 6,777,749 3,731,463 66,005,252
Noncurrent assets:
Capital assets:
Depreciable capital assets, net 186,001 ‐ 9,422,345 7,062,392 2,475,827 19,146,565
Total noncurrent assets 186,001 ‐ 9,422,345 7,062,392 2,475,827 19,146,565
Total assets 43,416,643 10,626,593 11,061,150 13,840,141 6,207,290 85,151,817
Deferred outflows of resources related to pensions 325,147 ‐ 633,058 3,260 1,155,593 2,117,058
LIABILITIES
Current liabilities:
Accounts payable 382,025 ‐ 566,668 ‐ 321,491 1,270,184
Wages payable 41,419 ‐ 78,510 2,801 141,833 264,563
Due to other governments ‐ ‐ 35 ‐ ‐ 35
Unearned revenues 15,298 83,595 ‐ ‐ ‐ 98,893
Self‐insurance claims payable 5,227,260 2,884,000 ‐ ‐ ‐ 8,111,260
Compensated absences 82,616 ‐ 129,563 6,400 218,291 436,870
Net pension liability 6,424 ‐ 12,849 459 20,191 39,923
Total current liabilities 5,755,042 2,967,595 787,625 9,660 701,806 10,221,728
Noncurrent liabilities:
Self‐insurance claims payable 4,024,813 ‐ ‐ ‐ ‐ 4,024,813
Compensated absences 20,654 ‐ 32,391 1,600 54,573 109,218
Total OPEB liability 51,873 ‐ 111,156 3,705 163,029 329,763
Net pension liability 818,743 ‐ 1,558,240 56,259 2,857,689 5,290,931
Total noncurrent liabilities 4,916,083 ‐ 1,701,787 61,564 3,075,291 9,754,725
Total liabilities 10,671,125 2,967,595 2,489,412 71,224 3,777,097 19,976,453
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 1,239 ‐ 2,648 88 3,889 7,864
Deferred inflows of resources related to pensions 74,281 ‐ 142,399 4,671 256,804 478,155
Total deferred inflows of resources 75,520 ‐ 145,047 4,759 260,693 486,019
NET POSITION
Net investment in capital assets 186,001 ‐ 9,390,680 7,062,392 2,469,587 19,108,660
Unrestricted 32,809,144 7,658,998 (330,931) 6,705,026 855,506 47,697,743
Total net position 32,995,145$ 7,658,998$ 9,059,749$ 13,767,418$ 3,325,093$ 66,806,403$
See accompanying independent auditors' report
DEFERRED OUTFLOWS OF RESOURCES
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
SEPTEMBER 30, 2018
ASSETS
138
Sheriff's Motor Pool
Self‐Self‐Fleet Capital Information
Insurance Insurance Management Recovery Technology Total
Operating revenues:
Charges for services 50,236,851$ 25,544,474$ 9,144,555$ 2,824,600$ 7,790,121$ 95,540,601$
Miscellaneous 26,854 ‐ 12,435 ‐ ‐ 39,289
Total operating revenues 50,263,705 25,544,474 9,156,990 2,824,600 7,790,121 95,579,890
Operating expenses:
Personal services 1,275,937 ‐ 2,559,332 92,825 4,613,770 8,541,864
Operating 61,932,506 25,164,992 6,162,816 189 2,653,788 95,914,291
Depreciation 25,944 ‐ 580,098 1,319,358 1,125,300 3,050,700
Total operating expenditures 63,234,387 25,164,992 9,302,246 1,412,372 8,392,858 107,506,855
Operating income (loss)(12,970,682) 379,482 (145,256) 1,412,228 (602,737) (11,926,965)
Non‐operating revenues:
Operating grants and contributions 29,587 ‐ 114,779 95,933 240,299
Interest income 514,750 92,972 7,018 67,913 41,275 723,928
Insurance reimbursement 9,866,075 ‐ 3,115 9,869,190
Gain on disposal of capital assets ‐ ‐ 1,425 577,050 7,767 586,242
Total non‐operating revenues 10,410,412 92,972 123,222 648,078 144,975 11,419,659
Income (loss) before contributions
and transfers (2,560,270) 472,454 (22,034) 2,060,306 (457,762) (507,306)
Transfers in ‐ ‐ ‐ 2,320,700 1,638,200 3,958,900
Transfers out (1,865,192) ‐ (23,700) ‐ ‐ (1,888,892)
Total transfers and contributions (1,865,192) ‐ (23,700) 2,320,700 1,638,200 2,070,008
Changes in net position (4,425,462) 472,454 (45,734) 4,381,006 1,180,438 1,562,702
Net position ‐ beginning 37,420,607 7,186,544 9,105,483 9,386,412 2,144,655 65,243,701
Net position ‐ ending 32,995,145$ 7,658,998$ 9,059,749$ 13,767,418$ 3,325,093$ 66,806,403$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
139
Sheriff's Motor Pool
Self‐Self‐Fleet Capital Information
Insurance Insurance Management Recovery Technology Total
Cash flows from operating activities:
Cash received from other funds for services 42,772,291$ 24,000,000$ 8,777,100$ 2,824,600$ 7,790,121$ 86,164,112$
Cash received from employees for services 6,900,778 ‐ ‐ ‐ ‐ 6,900,778
Cash received from other governments for services ‐ ‐ 460,077 ‐ ‐ 460,077
Cash received from retirees for services 598,408 1,126,981 ‐ ‐ ‐ 1,725,389
Cash payments on behalf of retirees (1,358,288) ‐ ‐ ‐ ‐ (1,358,288)
Cash payments for goods and services (56,722,147) (24,940,992) (6,039,594) (189) (2,851,979) (90,554,901)
Cash payments to employees (1,232,918) ‐ (2,452,300) (87,527) (4,336,970) (8,109,715)
Cash payments for interfund services (301,375) ‐ (229,400) ‐ (95,493) (626,268)
Net cash provided by (used for) operating activities (9,343,251) 185,989 515,883 2,736,884 505,679 (5,398,816)
Cash flows from non‐capital financing activities:
Cash transfers from other funds ‐ ‐ ‐ 2,320,700 2,150,800 4,471,500
Cash transfers to other funds (1,865,192) ‐ (23,700) ‐ (512,600) (2,401,492)
Net cash provided by (used for) non‐capital
financing activities (1,865,192) ‐ (23,700) 2,320,700 1,638,200 2,070,008
Cash flows from capital and related financing activities:
Receipts from insurance reimbursements 9,851,707 ‐ ‐ 3,115 ‐ 9,854,822
Proceeds from disposal of capital assets ‐ ‐ 4,150 577,050 117 581,317
Payments for capital acquisitions (7,738) ‐ (73,530) (3,527,432) (985,322) (4,594,022)
Net cash provided by (used for) capital and
related financing activities 9,843,969 ‐ (69,380) (2,947,267) (985,205) 5,842,117
Cash flows from investing activities:
Interest on investments 512,431 82,704 6,409 63,934 37,559 703,037
Net cash provided by investing activities 512,431 82,704 6,409 63,934 37,559 703,037
Net increase (decrease) in cash and investments (852,043) 268,693 429,212 2,174,251 1,196,233 3,216,346
Cash and investments, October 1, 2017 43,921,649 9,833,874 655,291 4,589,775 2,383,946 61,384,535
Cash and investments, September 30, 2018 43,069,606$ 10,102,567$ 1,084,503$ 6,764,026$ 3,580,179$ 64,600,881$
Operating income (loss)(12,970,682)$ 379,482$ (145,256)$ 1,412,228$ (602,737)$ (11,926,965)$
Adjustments to reconcile operating income (loss) to net cash provided by operating activities
Depreciation expense 25,944 ‐ 580,098 1,319,358 1,125,300 3,050,700
Net changes in assets and liabilities:
Trade receivable 768 (1,088) ‐ ‐ ‐ (320)
Due from other funds 990 (500,000) 48,339 ‐ ‐ (450,671)
Due from other governments ‐ ‐ 31,848 ‐ ‐ 31,848
Inventory ‐ ‐ (42,999) ‐ ‐ (42,999)
Prepaid costs ‐ ‐ ‐ ‐ (1,266) (1,266)
Accounts payable 123,382 ‐ (63,214) ‐ (244,478) (184,310)
Wages payable 4,918 ‐ (7,837) (63) 11,235 8,253
Due to other funds ‐ ‐ ‐ ‐ (47,940) (47,940)
Due to other governments ‐ ‐ 35 607 ‐ 642
Compensated absences 4,564 ‐ 5,763 ‐ 29,947 40,274
Unearned revenue 6,014 83,595 ‐ ‐ ‐ 89,609
Self‐insurance claims payable 3,427,314 224,000 ‐ ‐ ‐ 3,651,314
Total OPEB liability (1,286) ‐ 4,838 (92) (245) 3,215
Deferred inflows of resources related to OPEB 1,193 ‐ 2,556 85 3,748 7,582
Net pension liability (16,667) ‐ 40,890 2,556 136,435 163,214
Deferred outflows of resources related to pensions 17,445 ‐ (3,433) (121) (28,591) (14,700)
Deferred inflows of resources related to pensions 32,852 ‐ 64,255 2,326 124,271 223,704
Total adjustments 3,627,431 (193,493) 661,139 1,324,656 1,108,416 6,528,149
Net cash provided (used) by operating activities (9,343,251)$ 185,989$ 515,883$ 2,736,884$ 505,679$ (5,398,816)$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (147,076)$ (16,860)$ (1,914)$ (19,358)$ (11,567)$ (196,775)$
Capital related accounts payable ‐ ‐ 31,665 ‐ 6,240 37,905
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
140
Fiduciary Funds
CLERK OF COURTS AGENCY FUND – To account for monies held in Trust by the Clerk of the Circuit
Court prior to disbursement.
SHERIFF AGENCY FUND – To account for monies held in a custodial capacity by the Sheriff.
TAX COLLECTOR AGENCY FUND – To account for assets held by the Tax Collector prior to legal
disbursement.
DEPOSITS AGENCY FUND – To account for monies held by the County for businesses and
individuals.
PINE RIDGE AND NAPLES PRODUCTION PARK AGENCY FUND – To account for the receipt of
special assessments and the payment of principal and interest on behalf of assessment holders.
Pine Ridge
Clerk Tax and Naples
of Courts Sheriff Collector Deposits Production Park
Agency Fund Agency Fund Agency Fund Agency Fund Agency Fund Total
Cash and investments 22,971,495$ 634,937$ 6,354,628$ 5,924,548$ 965,092$ 36,850,700$
Receivables:
Interest ‐ ‐ ‐ 12,224 2,028 14,252
Other ‐ 26,778 32,959 ‐ ‐ 59,737
Total assets 22,971,495$ 661,715$ 6,387,587$ 5,936,772$ 967,120$ 36,924,689$
LIABILITIES
Due to other governments 1,095,270$ 94,016$ 6,317,621$ ‐$ ‐$ 7,506,907$
Due to individuals ‐ 567,699 69,966 ‐ ‐ 637,665
Refundable deposits 21,876,225 ‐ ‐ 5,936,772 ‐ 27,812,997
Due to special assessment holders ‐ ‐ ‐ ‐ 967,120 967,120
Total liabilities 22,971,495$ 661,715$ 6,387,587$ 5,936,772$ 967,120$ 36,924,689$
See accompanying independent auditors' report
ASSETS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF FIDUCIARY NET POSITION
AGENCY FUNDS
SEPTEMBER 30, 2018
142
Balance Balance
October 1 Additions Deductions September 30
Clerk of Courts Agency Fund
Assets:
Cash and investments 21,158,645$ 133,896,503$ 132,083,653$ 22,971,495$
Receivable:
Other 10 ‐ 10 ‐
Total assets 21,158,655$ 133,896,503$ 132,083,663$ 22,971,495$
Liabilities:
Due to other governments 989,426$ 4,324,409$ 4,218,565$ 1,095,270$
Refundable deposits 20,169,229 129,572,094 127,865,098 21,876,225
Total liabilities 21,158,655$ 133,896,503$ 132,083,663$ 22,971,495$
Sheriff Agency Fund
Assets:
Cash and investments 565,455$ 634,937$ 565,455$ 634,937$
Receivable:
Other 3,156 26,778 3,156 26,778
Total assets 568,611$ 661,715$ 568,611$ 661,715$
Liabilities:
Due to other governments 50,460$ 94,016$ 50,460$ 94,016$
Due to individuals 518,151 567,699 518,151 567,699
Total liabilities 568,611$ 661,715$ 568,611$ 661,715$
Tax Collector Agency Fund
Assets:
Cash and investments 6,271,609$ 1,088,447,045$ 1,088,364,026$ 6,354,628$
Receivable:
Other 50,324 4,825,603 4,842,968 32,959
Total assets 6,321,933$ 1,093,272,648$ 1,093,206,994$ 6,387,587$
Liabilities:
Due to other governments 6,284,876$ 1,442,917,881$ 1,442,885,136$ 6,317,621$
Due to individuals 37,057 67,540,266 67,507,357 69,966
Total liabilities 6,321,933$ 1,510,458,147$ 1,510,392,493$ 6,387,587$
Deposits Agency Fund
Assets:
Cash and investments 5,961,531$ 1,077,228$ 1,114,211$ 5,924,548$
Receivables:
Interest 12,361 12,224 12,361 12,224
Total assets 5,973,892$ 1,089,452$ 1,126,572$ 5,936,772$
Liabilities:
Refundable deposits 5,973,892$ 1,340,095$ 1,377,215$ 5,936,772$
Total liabilities 5,973,892$ 1,340,095$ 1,377,215$ 5,936,772$
(Continued)
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
143
Balance Balance
October 1 Additions Deductions September 30
Assets:
Cash and investments 165,448$ 802,680$ 3,036$ 965,092$
Receivables:
Interest 416 2,028 416 2,028
Total assets 165,864$ 804,708$ 3,452$ 967,120$
Liabilities:
Due to special assessment holders 165,864$ 804,708$ 3,452$ 967,120$
Total liabilities 165,864$ 804,708$ 3,452$ 967,120$
Total ‐ All Agency Funds
Assets:
Cash and investments 34,122,688$ 1,224,858,393$ 1,222,130,381$ 36,850,700$
Receivables:
Interest 12,777 14,252 12,777 14,252
Other 53,490 4,852,381 4,846,134 59,737
Total assets 34,188,955$ 1,229,725,026$ 1,226,989,292$ 36,924,689$
Liabilities:
Due to other governments 7,324,762$ 1,447,336,306$ 1,447,154,161$ 7,506,907$
Due to individuals 555,208 68,107,965 68,025,508 637,665
Refundable deposits 26,143,121 130,912,189 129,242,313 27,812,997
Due to special assessment holders 165,864 804,708 3,452 967,120
Total liabilities 34,188,955$ 1,647,161,168$ 1,644,425,434$ 36,924,689$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Pine Ridge and Naples Production Park Agency Fund
144
Component Units
COLLIER COUNTY HOUSING FINANCE AUTHORITY – The authority was established for the
purpose of stimulating the construction of residential housing for low and moderate income
families through the use of public financing.
COLLIER COUNTY HEALTH FACILITIES 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 facilitating projects that promote economic growth and opportunities for
employment in Collier County.
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.
Industrial Health Housing Educational
Development Facilities Finance Facilities
Authority Authority Authority Authority Total
Cash and investments 25,435$ 79,412$ 116,350$ 43,314$ 264,511$
Total assets 25,435$ 79,412$ 116,350$ 43,314$ 264,511$
NET POSITION
Net position ‐ unrestricted 25,435$ 79,412$ 116,350$ 43,314$ 264,511$
Total Net Position 25,435$ 79,412$ 116,350$ 43,314$ 264,511$
See accompanying independent auditors' report
ASSETS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
COMPONENT UNITS
SEPTEMBER 30, 2018
146
Net (Expense)
Revenue and Changes
Program Revenues in Net Position
Fees, Fines and Governmental
Expenses Charges for Services Activities
Industrial Development Authority 17,016$ 20,763$ 3,747$
Health Facilities Authority 2,687 55,438 52,751
Housing Finance Authority 3,547 ‐ (3,547)
Educational Facilities Authority 16,015 14,584 (1,431)
Total 39,265$ 90,785$ 51,520
General revenues:
Interest income 275
Total general revenues 275
Change in net position 51,795
Net position ‐ beginning 212,716
Net position ‐ ending 264,511$
See accompanying independent auditors' report
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Functions/Programs
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF ACTIVITIES
COMPONENT UNITS
147
THIS PAGE INTENTIONALLY LEFT BLANK
Other Supplemental Information
Schedule of receipts and expenditures of funds related to the Deepwater Horizon Oil Spill.
Amount Amount
Received Expended
in the in the
2018 2018
Source Fiscal Year Fiscal Year
British Petroleum:
Gulf Seafood and Tourism Promotional Fund ‐$ ‐$
Note: This schedule does not include funds related to the Deepwater Horizon Oil Spill that
are considered Federal awards or State financial assistance. The Schedule of Expenditures of
Federal Awards and State Financial Assistance does not include any expenditures of Federal
awards or State financial assistance related to the Deepwater Horizon Oil Spill for the 2018
fiscal year.
OTHER SUPPLEMENTAL INFORMATION
COLLIER COUNTY, FLORIDA
SCHEDULE OF RECEIPTS AND EXPENDITURES OF
FUNDS RELATED TO THE DEEPWATER HORIZON OIL SPILL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
150
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant
year. The County implemented GASB 34 for fiscal year 2002. Schedules presenting government‐wide information include information beginning
in that fiscal year.
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.
CONTENTS PAGE
FINANCIAL TRENDS
These schedules contain trend information to help the reader understand how the government’s
financial performance and wellbeing have changed over time.
Net position by component 152
Change in net position 154
Governmental activities tax revenues by source 156
Fund balances of governmental funds 157
Changes in fund balance of governmental funds 158
REVENUE CAPACITY
These schedules contain information to help the reader assess the County’s most significant local
revenue source, the Property Tax.
Assessed value and estimated actual value of taxable property 160
Property tax rates – All direct and overlapping governments 161
Principal tax payers County‐wide 162
Property tax levies and collections 163
DEBT CAPACITY
These schedules present information to help the reader assess the affordability of the County’s current
levels of outstanding debt and the County’s ability to issue additional debt in the future.
Ratios of outstanding debt by type 164
Legal debt margin information 165
Direct, overlapping and underlying governmental activities debt 165
Pledged‐revenue coverage 166
DEMOGRAPHIC AND ECONOMIC INFORMATION
These schedules offer demographic and economic indicators to help the reader understand the
environment within which the County’s financial activities take place.
Demographic and economic statistics 167
Principal employers 168
OPERATING INFORMATION
These schedules contain service and infrastructure data to help the reader understand how the
information in the County’s financial report relates to the services the County provides and the
activities it performs.
Budgeted full‐time equivalent County employees by function 169
Operating indicators by function 170
Capital Asset statistics by function/program 171
2018 2017 2016 2015 2014 2013
Governmental Activities:
Net investment in capital assets 1,287,184$ 1,257,685$ 1,225,520$ 1,217,176$ 1,207,751$ 1,198,971$
Restricted 362,045 336,922 327,968 298,360 223,526 221,501
Unrestricted (29,328) (24,011) 2,478 13,109 169,633 152,790
Total governmental activities net position 1,619,901$ 1,570,596$ 1,555,966$ 1,528,645$ 1,600,910$ 1,573,262$
Business‐type Activities:
Net investment in capital assets 763,259$ 741,912$ 723,000$ 714,239$ 705,065$ 668,160$
Restricted 31,982 32,619 35,760 31,511 29,749 34,379
Unrestricted 143,198 168,602 169,287 165,128 185,420 196,050
Total business‐type activities net position 938,439$ 943,133$ 928,047$ 910,878$ 920,234$ 898,589$
Primary Government:
Net investment in capital assets 2,050,443$ 1,999,597$ 1,948,520$ 1,931,415$ 1,912,816$ 1,867,131$
Restricted 394,027 369,541 363,728 329,871 253,275 255,880
Unrestricted 113,870 144,591 171,765 178,237 355,053 348,840
Total primary government net position 2,558,340$ 2,513,729$ 2,484,013$ 2,439,523$ 2,521,144$ 2,471,851$
Fiscal Year
COLLIER COUNTY, FLORIDA
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
(unaudited)
152
2012 2011 2010 2009
1,187,298$ 1,172,121$ 1,169,052$ 1,131,617$
226,934 253,977 232,571 240,247
147,188 147,080 189,911 192,442
1,561,420$ 1,573,178$ 1,591,534$ 1,564,306$
650,684$ 643,777$ 635,702$ 653,320$
34,199 38,002 37,795 31,227
194,389 177,939 169,514 149,422
879,272$ 859,718$ 843,011$ 833,969$
1,837,982$ 1,815,898$ 1,804,754$ 1,784,937$
261,133 291,979 270,366 271,474
341,577 325,019 359,425 341,864
2,440,692$ 2,432,896$ 2,434,545$ 2,398,275$
Fiscal Year
153
2018 2017 2016 2015 2014 2013
Expenses
Governmental activities:
General government 126,920$ 108,388$ 104,188$ 93,644$ 92,176$ 95,941$
Public safety 223,177 225,360 205,347 174,874 177,267 171,210
Transportation 83,386 75,589 70,560 70,296 71,623 69,275
Culture and recreation 58,042 51,889 49,526 45,117 41,630 41,453
Other activities 64,822 41,899 48,256 45,621 39,171 43,067
Interest on long‐term debt 9,736 11,294 12,077 12,912 12,674 16,129
Total governmental activities expenses 566,083$ 514,419$ 489,954$ 442,464$ 434,541$ 437,075$
Business‐type activities:
Water and Sewer 144,113$ 144,850$ 130,792$ 122,858$ 112,643$ 114,041$
Solid Waste 106,823 43,664 39,271 36,411 33,787 32,760
Emergency Medical Services 32,275 28,644 26,529 24,094 23,208 21,545
Airport Authority 5,533 4,905 4,402 4,771 3,764 4,439
Mass Transit 12,680 11,354 11,333 10,416 10,306 10,111
Total business‐type activities expenses 301,424 233,417 212,327 198,550 183,708 182,896
Total primary government expenses 867,507$ 747,836$ 702,281$ 641,014$ 618,249$ 619,971$
Program Revenues
Governmental activities:
Charges for services:
General government 37,703$ 33,377$ 35,184$ 34,240$ 34,662$ 36,080$
Public safety 28,040 24,240 25,276 25,227 21,765 19,735
Transportation 2,111 2,024 4,880 1,094 959 1,045
Culture and recreation 7,886 8,192 8,393 8,685 7,943 8,416
Other activities 2,235 1,467 1,230 4,237 2,661 3,667
Operating Grants and Contributions 29,549 26,539 26,387 35,521 31,444 20,921
Capital Grants and Contributions 47,645 38,124 36,818 29,986 28,945 28,280
Total governmental activities program revenues 155,169 133,963 138,168 138,990 128,379 118,144
Business‐type activities:
Charges for services:
Water and Sewer 145,757 135,045 123,856 116,645 107,924 109,176
Solid Waste 50,449 45,209 41,918 39,121 35,368 34,585
Emergency Medical Services 12,836 11,812 13,161 12,327 9,922 10,335
Airport Authority 3,951 3,734 3,073 3,350 2,589 3,021
Mass Transit 1,129 1,267 1,225 1,719 1,641 1,450
Operating Grants and Contributions 16,426 5,025 4,435 5,142 3,077 3,914
Capital Grants and Contributions 38,670 26,993 25,367 21,165 30,662 24,953
Total business‐type activities program revenues 269,218 229,085 213,035 199,469 191,183 187,434
Total primary government program revenues 424,387 363,048 351,203 338,459 319,562 305,578
Net (expense)/revenue:
Governmental activities (410,914) (380,456) (351,786) (303,474) (306,162) (318,931)
Business‐type activities (32,206) (4,332) 708 919 7,475 4,538
Total primary government net expense (443,120)$ (384,788)$ (351,078)$ (302,555)$ (298,687)$ (314,393)$
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property taxes 337,447$ 312,633$ 281,136$ 259,779$ 244,404$ 249,352$
Gas taxes 22,749 21,799 20,478 19,547 18,556 18,229
Sales taxes 44,093 41,799 40,659 38,573 35,786 32,168
Tourist taxes 27,962 21,961 21,838 21,188 19,137 16,183
Other taxes 6,914 7,478 7,280 7,322 7,840 9,403
State revenue sharing 12,564 11,602 11,100 10,589 9,657 8,792
Interest income 6,857 3,574 4,891 5,069 2,599 1,496
Miscellaneous 18,121 9,714 5,976 17,510 13,333 9,063
Special item ‐ registry bond ‐ ‐ ‐ ‐ ‐ ‐
Transfers, net (16,487) (14,793) (14,250) (14,192) (13,185) (13,912)
Total governmental activities 460,220$ 415,767$ 379,108$ 365,385$ 338,127$ 330,774$
Business‐type Activities:
Interest income 2,602 1,379 2,011 2,209 1,301 712
Miscellaneous 8,423 126 200 94 68 154
Transfers, net 16,487 14,793 14,250 14,192 13,184 13,912
Total business‐type activities 27,512 16,298 16,461 16,495 14,553 14,778
Total primary government 487,732$ 432,065$ 395,569$ 381,880$ 352,680$ 345,552$
Change in Net Position
Governmental activities 49,306$ 35,311$ 27,322$ 61,911$ 31,965$ 11,843$
Business‐type activities (4,694) 11,966 17,169 17,414 22,028 19,316
Total primary government 44,612$ 47,277$ 44,491$ 79,325$ 53,993$ 31,159$
Fiscal Year
(unaudited)
COLLIER COUNTY, FLORIDA
CHANGE IN NET POSITION
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
154
2012 2011 2010 2009
94,227$ 103,045$ 100,483$ 113,906$
165,782 173,286 179,276 182,962
73,000 81,383 76,603 64,601
42,507 44,205 46,871 45,727
51,057 39,991 40,937 45,367
16,412 19,797 19,475 20,492
442,985$ 461,707$ 463,645$ 473,055$
102,642$ 104,333$ 103,272$ 90,042$
29,618 28,000 27,416 30,774
21,792 22,657 23,073 22,478
4,601 4,458 4,382 3,895
9,925 10,187 9,617 8,974
168,578 169,635 167,760 156,163
611,563$ 631,342$ 631,405$ 629,218$
31,388$ 33,919$ 29,281$ 32,257$
16,743 15,554 16,385 11,940
880 715 829 3,101
9,126 9,093 8,267 9,830
4,941 2,296 1,557 1,620
22,892 19,503 31,884 21,948
20,279 19,347 25,762 24,867
106,249 100,427 113,965 105,563
103,042 105,858 101,062 104,927
34,275 33,769 33,568 32,922
10,249 8,980 10,759 9,114
2,805 2,938 2,519 2,353
1,360 1,290 1,145 1,101
2,948 4,378 4,448 3,235
17,818 14,307 10,385 18,147
172,497 171,520 163,886 171,799
278,746 271,947 277,851 277,362
(336,736) (361,280) (349,680) (367,492)
3,919 1,885 (3,874) 15,636
(332,817)$ (359,395)$ (353,554)$ (351,856)$
248,232$ 261,630$ 299,389$ 313,290$
18,525 18,311 18,415 18,456
29,713 28,364 26,927 26,779
14,898 13,884 12,857 12,345
9,997 10,155 10,039 12,241
8,233 8,310 7,854 7,927
2,430 3,888 4,665 11,455
7,397 11,498 8,022 12,066
‐ ‐ ‐ 3,239
(14,447) (13,117) (11,259) (12,596)
324,978 342,923 376,909 405,202
1,106 1,609 1,569 2,395
82 96 88 551
14,447 13,117 11,259 12,596
15,635 14,822 12,916 15,542
340,613$ 357,745$ 389,825$ 420,744$
(11,758)$ (18,357)$ 27,229$ 37,710$
19,554 16,707 9,042 31,178
7,796$ (1,650)$ 36,271$ 68,888$
Fiscal Year
155
Fiscal Property Gas Sales Tourist Other
Year Tax Tax Tax Tax Taxes (1) Total
2009 313,290 18,456 26,779 12,345 12,241 383,111
2010 299,389 18,415 26,927 12,857 10,039 367,627
2011 261,630 18,311 28,364 13,884 10,155 332,344
2012 248,232 18,525 29,713 14,898 9,997 321,365
2013 249,352 18,229 32,168 16,183 9,403 325,335
2014 244,404 18,556 35,786 19,137 7,840 325,723
2015 259,779 19,547 38,573 21,188 7,322 346,409
2016 281,136 20,478 40,659 21,838 7,280 371,391
2017 312,633 21,799 41,799 21,961 7,478 405,670
2018 337,447 22,749 44,093 27,962 6,914 439,165
(1) Pursuant to the Uniform Accounting System direction from the State of Florida, the Communications Services Tax
was shown with fees, fines and charges for services for fiscal years prior to 2009. This tax is no longer included
beginning in 2009.
COLLIER COUNTY, FLORIDA
GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE
LAST TEN FISCAL YEARS
(amounts expressed in thousands)
(unaudited)
156
2009
General fund
Reserved 8,962$
Unreserved 38,924
Total general fund 47,886$
All other governmental funds
Reserved 105,991$
Unreserved, reported in:
Special revenue funds 114,208
Debt service funds 1,587
Capital projects funds 140,544
Total all other governmental funds 362,330$
2018 2017 2016 2015 2014 2013 2012 2011 2010
General fund (1)
Nonspendable 2,645$ 3,386$ 3,675$ 3,546$ 19,843$ 15,744$ 12,914$ 11,805$ 9,460$
Restricted 306 2,440 264 345 125 96 110 ‐ ‐
Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Assigned 1,736 1,598 1,674 1,299 850 813 952 1,114 2,182
Unassigned 77,342 54,805 53,961 55,002 57,781 56,497 57,091 54,459 59,705
Total general fund 82,029$ 62,229$ 59,574$ 60,192$ 78,599$ 73,150$ 71,067$ 67,378$ 71,347$
All other governmental funds
Nonspendable 8,135$ 2,385$ 3,055$ 3,112$ 53,544$ 46,049$ ‐$ ‐$ 107,626$
Restricted 354,514 328,447 324,334 293,281 242,981 223,700 209,352 229,546 232,699
Committed 34,788 32,759 26,069 25,663 27,349 29,810 47,406 48,445 48,764
Assigned 21,129 33,822 28,644 30,800 28,391 36,364 80,771 79,556 34,215
Unassigned (246) ‐ (89) (514) (62,085) (55,212) (48,944) (40,258) 23,192
Total all other governmental funds 418,320$ 397,413$ 382,013$ 352,342$ 290,180$ 280,711$ 288,585$ 317,289$ 446,496$
As part of the implementation, the governmental fund balances for Fiscal Year 2010 were re‐classified.
(unaudited)
Fiscal Year
(1) In Fiscal Year 2011, the County implemented GASB 54 under which governmental fund balances are reported as nonspendable, restricted, committed, assigned and
unassigned.
COLLIER COUNTY, FLORIDA
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
157
2018 2017 2016 2015 2014 2013
Revenues:
Taxes 386,814$ 355,885$ 322,915$ 300,341$ 282,315$ 285,765$
Licenses, permits and impact fees 75,102 59,217 61,033 51,319 40,631 35,168
Intergovernmental 92,206 86,656 83,949 92,818 89,392 83,667
Charges for services 36,981 34,008 38,362 37,172 35,149 32,435
Fines and forfeitures 2,375 2,263 2,708 2,866 3,252 3,712
Interest income 6,133 3,233 4,440 4,606 2,393 1,406
Special assessments 4,789 4,350 3,746 3,132 2,922 2,924
Miscellaneous 4,527 8,705 6,600 16,063 11,553 4,833
Total revenues 608,927 554,317 523,753 508,317 467,607 449,910
Expenditures:
Current:
General government 101,198 89,193 84,599 78,147 73,739 75,725
Public safety 198,097 197,762 177,375 167,788 163,169 153,566
Physical environment 31,994 12,465 15,283 16,157 11,276 13,790
Transportation 45,904 41,003 36,011 36,992 38,789 37,170
Economic environment 9,942 8,199 11,061 9,159 9,265 14,436
Human services 15,849 15,058 14,038 13,151 12,367 12,254
Culture and recreation 47,671 42,889 40,886 37,523 34,114 33,744
Debt service:
Principal 21,864 21,439 20,743 20,039 18,510 25,125
Interest 10,165 11,908 12,713 13,555 14,177 17,565
Redemption of debt ‐ 5,588 ‐ ‐ ‐ ‐
Payment to refunding bond escrow ‐ ‐ ‐ ‐ 2,086 132
Other fiscal charges 128 48 19 21 173 2,165
Capital outlay 82,871 80,495 67,198 62,186 63,613 61,278
Total expenditures 565,683 526,047 479,926 454,718 441,278 446,950
Excess (deficit) of revenues
over (under) expenditures 43,244 28,270 43,827 53,599 26,329 2,960
Other financing sources (uses):
Bonds issued ‐$ ‐$ ‐$ ‐$ 89,780$ 73,805$
Notes issued ‐ 5,293 ‐ ‐ ‐ ‐
Premiums on bonds issued ‐ ‐ ‐ ‐ ‐ 2,082
Payment to refunding escrow (44,525) ‐ ‐ ‐ (89,622) (73,747)
Capital leases ‐ ‐ ‐ 1,915 ‐
Loans issued 55,713 ‐ ‐ ‐ ‐
Sale of capital assets 1,065 155 306 595 314 233
Insurance proceeds 3,762 339 796 379 316 300
Transfers in 114,358 117,833 121,654 196,026 97,854 90,637
Transfers out (132,910) (133,834) (137,530) (208,760) (110,052) (102,061)
Total other financing sources (uses)(2,537) (10,214) (14,774) (9,845) (11,410) (8,751)
Special item ‐ registry bond ‐ ‐ ‐ ‐ ‐ ‐
Net change in fund balances 40,707$ 18,056$ 29,053$ 43,754$ 14,919$ (5,791)$
Debt service as a percentage of noncapital
expenditures 6.66% 7.50% 8.11% 8.56% 9.25% 11.66%
Fiscal Year
COLLIER COUNTY, FLORIDA
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
158
2012 2011 2010 2009
284,124$ 296,640$ 333,554$ 348,780$
30,436 23,695 28,920 25,950
79,402 74,453 86,445 69,883
30,739 27,855 27,122 35,928
4,205 3,882 5,730 5,916
2,197 3,602 4,306 11,256
3,035 2,725 2,848 2,853
4,664 10,565 6,380 11,344
438,802 443,417 495,305 511,910
73,812 79,499 82,409 95,689
151,858 160,890 165,017 168,592
22,870 14,251 9,974 10,608
42,176 50,741 43,677 41,171
14,393 7,841 11,122 12,125
10,988 13,075 12,116 11,277
34,253 35,745 37,569 37,212
31,602 36,493 34,274 48,085
18,149 20,933 20,340 21,498
‐ ‐ ‐ ‐
‐ ‐ ‐ ‐
1,082 434 891 116
49,406 38,726 69,809 176,681
450,589 458,628 487,198 623,054
(11,787) (15,211) 8,107 (111,144)
131,525$ 24,620$ 59,895$ 13,244$
‐ ‐ ‐ ‐
17,192 2,050 844 ‐
(150,550) (26,593) (59,893) ‐
236 ‐ ‐ ‐
‐ ‐ ‐ 13,500
313 70 248 301
270 384 310 753
91,524 107,167 105,394 143,275
(103,738) (118,037) (114,905) (155,888)
(13,228) (10,339) (8,107) 15,185
‐ ‐ ‐ 3,239
(25,015)$ (25,550)$ ‐$ (92,720)$
12.67% 13.78% 13.30% 15.61%
Fiscal Year
159
Total Estimated Assessed
Fiscal Year Centrally Less: Total Taxable Direct Actual Value as a
Ended Residential Personal Assessed Tax Assessed Tax Taxable Percentage of
September 30 Property Property Property Exempt Value Rate Value Actual Value1
2009 86,949,935 2,430,996 202 10,718,166 78,662,967 4.1246 89,381,133 100%
2010 77,359,174 2,444,323 202 9,826,950 69,976,749 4.4236 79,803,699 100%
2011 67,947,039 2,259,654 171 8,770,667 61,436,197 4.4151 70,206,864 100%
2012 64,464,592 2,248,702 187 8,510,911 58,202,570 4.4149 66,713,481 100%
2013 64,723,621 2,240,098 184 8,471,142 58,492,761 4.4126 66,963,903 100%
2014 66,977,907 2,198,734 152 8,539,021 60,637,772 4.1592 69,176,793 100%
2015 71,149,974 2,186,145 195 8,739,269 64,597,045 4.1582 73,336,314 100%
2016 76,970,360 2,353,841 134 9,235,508 70,088,827 4.1572 79,324,335 100%
2017 91,067,675 2,448,008 246 9,905,936 83,609,993 4.2029 93,515,929 100%
2018 109,736,738 2,535,239 244 10,317,449 101,954,772 4.1851 112,272,221 100%
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.
1The basis of assessed value required by the state is 100% of actual value including tax exemptions.
Source: Property Appraiser Recapitulation Report
COLLIER COUNTY, FLORIDA
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
(amounts expressed in thousands)
(unaudited)
160
Collier County
Special Debt County
Fiscal General Revenue Service School Independent
Year Fund Funds Funds Total District Districts Total
2009 3.1469 0.7528 0.2249 4.1246 4.9090 1.2784 10.3120
2010 3.5645 0.7225 0.1366 4.4236 5.2390 1.3243 10.9869
2011 3.5645 0.6926 0.1580 4.4151 5.6990 1.3299 11.4440
2012 3.5645 0.7627 0.0877 4.4149 5.5270 1.2202 11.1621
2013 3.5645 0.7555 0.0926 4.4126 5.5760 1.2395 11.2281
2014 3.5645 0.5873 0.0074 4.1592 5.6900 1.2228 11.0720
2015 3.5645 0.5860 0.0077 4.1582 5.5800 1.1853 10.9235
2016 3.5645 0.5856 0.0071 4.1572 5.4800 1.1331 10.7703
2017 3.5645 0.6323 0.0061 4.2029 5.2450 1.1138 10.5617
2018 3.5645 0.6145 0.0061 4.1851 5.1220 1.2375 10.5446
Sources: Property Appraiser Recapitulation Report
Collier County Adopted Budget
Basis for property tax rates is 1 mill per $1,000 of assessed value. Property is assessed as of January 1 and taxes based
on those assessments are levied according to the tax rate in effect that tax year and become due on November 1.
Therefore, assessments and levies applicable to a certain tax year are collected in the fiscal year ending during the
following calendar year.
Other
COLLIER COUNTY, FLORIDA
PROPERTY TAX RATES ‐ ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
(unaudited)
161
Property Percent of Property Percent of
Taxes Total Taxes Total
Owner/Taxpayer Levied Rank Taxes Levied Levied Rank Taxes Levied
Florida Power & Light Company 3,134,250$ 1 0.33%2,547,742$ 1 0.30%
HHR Naples LLC 1,866,428 2 0.20%1,630,872 2 0.19%
The Moorings, Inc.1,314,683 3 0.14%798,946 9 0.09%
Marco Hotel, LLC 1,202,688 4 0.13%‐ ‐
PR Mercato LLP 1,190,608 5 0.13%‐ ‐
CC‐Naples Inc 982,387 6 0.10%‐‐
Arthrex Manufacturing Inc.907,516 7 0.10%947,585 5 0.11%
Lee County Electric Co‐Op, Inc.865,810 8 0.09%796,260 10 0.09%
Coastland Center, LLC 747,629 9 0.08%‐‐
Collier HMA, Inc.720,518 10 0.07%886,172 7 0.10%
Century Link ‐ ‐ 1,357,067 3 0.16%
City National Bank of Miami ‐ ‐ 1,030,745 4 0.12%
Naples HMA, Inc.‐ ‐ 890,173 6 0.10%
Wal‐Mart Stores East LP ‐ ‐ 855,614 8 0.10%
Total 12,932,517$ 1.37%11,741,176$ 1.35%
Total Property Taxes Levied 944,774,029$ 857,168,443$
Amounts for taxpayers with similar names have not been combined.
Source: Property Appraiser's taxpayer listing in order of taxes levied.
Property Appraiser Recapitulation Report.
Both documents requested from Vicky Downs, Property appraiser … vdowns@collierappraiser.com
2018 2009
COLLIER COUNTY, FLORIDA
PRINCIPAL TAXPAYERS COUNTY‐WIDE
2018 TAX ROLL
(unaudited)
162
Fiscal Year Total Tax
Ended Levy for Collections in
September 30 Fiscal Year Amount Percentage of Levy Subsequent Years Amount Percentage of Levy
2009 329,070 312,096 94.8%2,546 314,642 95.6%
2010 314,176 297,953 94.8%1,355 299,308 95.3%
2011 275,704 260,961 94.7%482 261,443 94.8%
2012 261,137 247,749 94.9%542 248,291 95.1%
2013 262,037 248,648 94.9%1,197 249,845 95.3%
2014 255,354 243,137 95.2%615 243,752 95.5%
2015 271,893 259,121 95.3%78 259,199 95.3%
2016 295,304 281,138 95.2%‐ 281,138 95.2%
2017 328,706 312,557 95.1%‐ 312,557 95.1%
2018 354,535 337,117 95.1%‐ 337,117 95.1%
Fiscal Year of the Levy Total Collections to Date
COLLIER COUNTY, FLORIDA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
(amounts expressed in thousands)
Collected within the
(unaudited)
163
Limited
General Loans and Loans and Total Percentage
Fiscal Obligation Revenue Notes Capital Revenue Notes Capital Primary of Personal Per
Year Bonds Bonds Payable Leases Bonds Payable Leases Government Income
1 Capita1
2009 37,700 392,124 89,590 599 153,973 106,935 492 781,413 3.94% 2,442
2010 29,854 435,590 19,690 439 148,782 106,509 636 741,500 3.76% 2,302
2011 14,684 415,855 16,914 269 143,992 99,517 387 691,618 3.62% 2,126
2012 9,994 391,123 9,686 412 138,983 92,438 175 642,811 3.31% 1,914
2013 4,664 373,862 7,432 323 106,565 111,787 40 604,673 3.01% 1,794
2014 4,223 367,665 7,081 230 95,570 113,013 1,222 589,004 2.67% 1,732
2015 3,369 348,278 6,401 1,519 89,690 104,475 1,074 554,806 2.26% 1,669
2016 2,941 327,650 5,845 937 84,681 95,707 1,247 519,008 2.01% 1,577
2017 2,499 306,302 5,072 316 80,176 87,519 865 482,749 1.57% 1,320
2018 2,037 286,190 16,515 236 110,010 77,945 521 493,454 1.51% 1,326
1See the Schedule of Demographic and Economic Statistics for personal income and population data
Governmental Activities Business‐type Activities
COLLIER COUNTY, FLORIDA
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
(amounts expressed in thousands)
(unaudited)
164
Estimated Estimated
Percentage Share of
Debt Applicable Based Overlapping
Outstanding on Population (1) Debt
Direct Debt:
Governmental Activities
Limited General Obligation Bonds 2,037,028$ 100.00% 2,037,028$
Gas Tax Revenue Bonds (2)85,857,098 100.00% 85,857,098
Special Obligation Revenue Bonds (2)200,332,347 100.00%200,332,347
Commercial Paper 11,900,000 100.00% 11,900,000
Notes Payable (2)4,615,198 100.00% 4,615,198
Capital Leases (2)236,433 100.00% 236,433
Total Governmental Activities Direct Debt 304,978,104 304,978,104
Business‐type Activities
Revenue Bonds 110,010,269 100.00%110,010,269
Capital Leases (2)520,901 100.00% 520,901
Notes Payable (2)77,944,557 100.00% 77,944,557
Total Business‐type Activities Direct Debt 188,475,727 188,475,727
Subtotal, Direct Debt 493,453,831 493,453,831
Overlapping Debt:
N/A ‐ 0.00%‐
Underlying Debt:
City of Naples (3)8,744,058 5.08%444,198
City of Marco Island (4)9,826,427 4.08%400,918
City of Everglades (5)‐ ‐
Subtotal, Underlying Debt 18,570,485 9.16%845,116
Total Direct, Overlapping and Underlying Debt 512,024,316$ 494,298,947$
(1) Population numbers obtained from www.florida‐demographics.com/cities_by_population.
(2) Totals consist of more than one issuance.
(3) Governmental activities debt outstanding amount obtained from the City of Naples.
(4) Governmental activities debt outstanding amount obtained from the City of Marco Island.
(5) Governmental activities debt outstanding amount obtained from the City of Everglades.
(unaudited)
(unaudited)
COLLIER COUNTY, FLORIDA
DIRECT, OVERLAPPING AND UNDERLYING DEBT
AS OF SEPTEMBER 30, 2018
LEGAL DEBT MARGIN INFORMATION
AS OF SEPTEMBER 30, 2018
The Constitution of the State of Florida, Florida Statute 200.181 and Collier County set no legal debt limit.
165
Legally
Gas Available
Fiscal Tax Non‐Ad Valorem
Year Collections Principal Interest Coverage Collections(5) Principal Interest Coverage
2009 18,456 6,660 7,922 1.27 ‐ ‐ ‐ N/A
2010 18,415 6,935 7,645 1.26 ‐ ‐ ‐ N/A
2011 18,312 7,185 7,399 1.26 76,416 1,545 2,597 18.45
2012 18,525 7,505 7,077 1.27 82,866 4,265 4,265 9.71
2013 18,229 7,855 6,453 1.27 86,640 9,695 7,249 5.11
2014 18,556 8,040 4,018 1.54 91,043 9,145 9,674 4.84
2015 19,547 9,440 3,697 1.49 102,375 8,885 9,426 5.59
2016 20,478 9,900 3,242 1.56 107,268 9,280 9,020 5.86
2017 21,799 10,195 2,939 1.66 108,577 9,705 8,591 5.93
2018 22,749 10,510 2,737 1.72 118,725 10,258 7,012 6.87
Water/ Sewer Less:Net
Fiscal Charges Operating Available
Year and Other(1) Expenses(2) Revenue Principal Interest Coverage(3)
2009 107,127 49,766 57,361 4,905 7,358 4.68
2010 101,830 50,893 50,937 5,274 6,843 4.20
2011 106,839 60,107 46,732 4,969 6,711 4.00
2012 104,164 58,155 46,009 5,189 6,494 3.94
2013 105,682 68,916 36,766 5,422 6,268 3.15
2014 109,514 69,710 39,804 5,967 3,986 4.00
2015 118,066 74,344 43,722 6,073 3,639 4.50
2016 125,456 84,474 40,982 3,986 2,841 6.00
2017 136,064 97,904 38,160 3,902 2,818 5.68
2018 155,847 90,507 65,340 5,528 3,050 7.62
(1) Operating revenues plus other income; certain interest income gain on disposal of assets, capital grants and contributions and transfers in are not
included.
(2) Total operating expenses, excluding depreciation and amortization; loss on disposal of assets, interest expense and transfers out are not included.
(3) Net available revenue divided by total bonded debt service requirements for the County Water and Sewer District.
(4) Special Obligation Bonds were first issued in FY‐2010, debt service payments commenced in FY‐2011.
(5) The revenues that comprise the legally available non‐ad valorem revenues are defined by bond documents; these revenues include Sales Tax and
certain impact fees.
COLLIER COUNTY, FLORIDA
PLEDGED‐REVENUE COVERAGE
Debt Service
Gas Tax Bonds
Debt Service
Special Obligation Bonds(4)
LAST TEN FISCAL YEARS
(amounts expressed in thousands)
(unaudited)
Governmental Activities:
Debt Service
Business‐type Activities:
Water and Sewer Revenue Bonds
166
Per Capita
Fiscal Personal Personal Median School Unemployment
Year Population(1) Income(2) Income(3) Age(4) Enrollment(5) Rate(6)
2009 333,032 19,846,737,000 63,276 45.1 42,534 10.0%
2010 331,800 19,739,453,000 62,559 45.2 42,716 12.2%
2011 321,520 19,127,928,000 60,049 45.9 42,921 11.4%
2012 323,785 19,446,631,000 59,264 46.9 43,238 9.3%
2013 329,849 20,075,468,000 60,391 47.1 43,789 7.2%
2014 339,642 22,033,344,000 64,872 47.4 44,415 6.3%
2015 348,777 24,571,667,000 73,869 47.5 45,228 5.2%
2016 353,936 25,763,656,000 78,473 47.9 47,289 4.9%
2017 360,846 30,708,249,000 84,101 48.5 49,394 3.6%
2018 368,534 32,749,753,000 87,829 49.7 47,934 3.3%
Sources:
(1)www.colliergov.net/your-government/divisions-a-e/comprehensive-planning/population-and-demograph
(2)https://fred.stlouisfed.org/series/PI12021
(3)https://fred.stlouisfed.org/series/PCPI12021
(4)https://fred.stlouisfed.org/series/B01002001E012021
(5)www.collierschools.com/Page/349
(6)www.floridajobs.org
(unaudited)
COLLIER COUNTY, FLORIDA
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
167
Percent of Percent of
Total County Total County
Employer Employees Rank Employment Employees Rank Employment
Collier County Public Schools 5,606 1 3.84%4,728 2 4.06%
NCH Healthcare System 4,315 2 2.96%5,000 1 4.29%
Arthex, Inc 2,355 4 1.61%
Collier County Government (excl. Sheriff)2,313 3 1.59%2,276 5 1.95%
Collier County Sheriff's Office 1,405 5 0.96%1,387 7 1.19%
Publix Supermarkets 1,257 6 0.86%3,246 3 2.79%
Ritz Carlton Hotel 1,100 7 0.75%‐ ‐
Seminole Casino ‐ Immokalee 1,068 8 0.73%‐‐
JW Marriott ‐ Marco Island 1,050 9 0.72%2,328 4 2.00%
Naples Grande Beach Resort (1)700 10 0.48%‐‐
Other employers 124,840 85.50%97,580 83.73%
Totals 146,009 100.00%116,545 100.00%
(1) The Naples Grande Beach Resort property has also operated as the Registry Resort and the Waldorf Astoria Naples in recent years.
Sources:
Southwest Florida Economic Development Alliance
Collier County Public Schools
NCH Healthcare System
Publix Corporate Office
Arthrex, Inc.
2016 Collier County Budget Book
COLLIER COUNTY, FLORIDA
PRINCIPAL EMPLOYERS
(unaudited)
2018 2009
168
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Function:
General government 1,299 1,351 1,262 1,217 1,216 1,203 1,222 1,219 1,252 1,342
Public safety 1,089 1,112 1,124 1,096 1,072 1,061 1,061 1,062 1,053 1,064
Physical environment 73 73 70 69 67 67 69 66 66 69
Transportation 224 219 211 192 187 187 199 213 234 257
Economic environment 30 29 26 27 28 26 28 27 22 22
Human services 58 58 56 56 53 51 50 50 54 55
Culture and recreation 337 324 304 298 294 289 293 293 308 328
Water and Sewer 414 410 384 342 340 342 344 344 335 335
Solid Waste 43 31 28 27 28 29 27 27 27 27
Emergency Medical Services 199 194 193 193 172 172 172 172 183 185
Airport Authority 15 15 15 14 14 16 16 16 16 16
Collier Area Transit 5 4 4 3 3 3 3 1 1 1
Total 3,786 3,820 3,677 3,534 3,474 3,446 3,484 3,490 3,551 3,701
(1) Includes the Board of County Commissioners and the Constitutional Officers
COLLIER COUNTY, FLORIDA
BUDGETED FULL‐TIME EQUIVALENT COUNTY EMPLOYEES BY FUNCTION (1)
LAST TEN FISCAL YEARS
(unaudited)
Fiscal Year
169
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Function:
Police:
Physical arrests 9,266 8,269 9,359 9,347 11,277 11,277 11,297 20,180 13,310 15,671
Parking violations 894 1,068 867 931 964 1,182 1,175 1,479 1,283 1,297
Traffic violations 17,157 15,473 14,462 16,355 19,868 22,211 19,237 19,680 22,051 28,308
Fire:
Fires reported ** **31 82 37 52 46 468 498 533
Emergency responses (exclude fires) ** **839 1,093 1,080 1,024 764 569 825 760
Number of calls answered 804 795 870 1,175 1,117 1,076 810 1,037 1,323 1,293
Transportation:
Collier Area Transit ridership 944,931 996,687 1,082,519 1,177,029 1,181,530 1,361,294 1,207,866 1,154,702 1,064,910 1,109,710
Street resurfacing (lane miles) 40 38 34 34 80 78 142 131 85 97
Culture and recreation:
Beach parking stickers issued 143,500 149,490 139,828 134,051 181,878 122,415 114,778 312,144 98,093 132,218
Library circulation 2,253,555 2,193,351 2,349,418 2,302,017 2,578,588 2,578,589 2,768,648 2,760,427 2,969,238 3,034,439
Water:
New connections 2,776 1,951 2,023 2,204 1,878 1,417 1,189 921 909 704
Wastewater:
Average daily sewage treatment 18,030 18,555 17,864 17,090 17,150 16,954 15,834 14,747 14,326 13,769
(millions of gallons)
** ‐ Due to the consolidation of Fire Districts, this information is no longer being tracked.
Sources:
Police‐Collier County Sheriff's Department
Fire‐Collier County Bureau of Emergency Services, Greater Naples Fire District
Transportation‐Collier County Alternative Transportation , Road and Bridge
Culture and Recreation‐Collier County Parks and Recreation, Public Library
Water‐Collier County Utility Billing
Wastewater‐Collier County Wastewater
COLLIER COUNTY, FLORIDA
OPERATING INDICATORS BY FUNCTION
LAST TEN FISCAL YEARS
(unaudited)
Fiscal Year
170
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Function:
Public Safety:
Police stations 7 7 7 7 7 7 7 7 7 7
Patrol units 272 270 274 276 276 275 275 275 275 275
Fire:
Fire stations 4 4 4 4 4 3 3 3 3 3
Highways and streets:
Streets (miles)1,166 1,161 1,159 1,149 1,151 1,184 1,184 1,184 1,184 1,184
Streetlights 5,083 5,074 5,182 4,958 4,958 4,868 4,781 4,759 4,701 4,485
Traffic signals 377 374 365 360 370 353 297 295 283 283
Culture and recreation:
Parks acreage 1,521 1,521 1,521 1,521 1,521 1,521 1,520 1,511 1,473 1,473
Parks 61 61 61 61 61 61 61 60 59 59
Swimming pools 9 8 8 8 8 8 8 8 8 8
Tennis courts 45 45 45 45 45 45 45 45 45 45
Community centers 9 9 9 9 8 8 8 8 8 8
Libraries 10 10 10 10 10 10 10 10 10 10
Number of volumes in libraries 593,378 557,188 567,248 605,408 683,237 692,229 673,131 741,389 797,823 797,978
Water:
Number of customers 71,614 66,010 61,830 59,443 57,548 55,878 54,190 53,181 51,796 51,499
Water mains (miles) 1,132 1,067 1,015 986 925 888 888 886 886 886
Maximum daily capacity (per million gallons) 30,956 32,243 33,877 31,376 30,460 30,120 29,988 29,616 28,368 33,340
Wastewater:
Sanitary sewers (miles) 1,156 1,085 1,021 1,028 1,030 1,081 1,116 1,115 1,095 1,081
Primary and secondary drainage facilities 312 289 294 306 306 305 305 303 303 303
Police‐Collier County Sheriff's Department
Fire‐Collier County Bureau of Emergency Services
Highway and Streets‐Collier County Traffic Operations, Transportation Engineering, Road and Bridge
Culture and Recreation‐Collier County Public Library, Parks and Recreation
Water‐Collier County Water, Utility Billing
Wastewater‐Collier County Stormwater, Wastewater
COLLIER COUNTY, FLORIDA
CAPITAL ASSET STATISTICS BY FUNCTION
LAST TEN FISCAL YEARS
(unaudited)
Fiscal Year
171
THIS PAGE INTENTIONALLY LEFT BLANK
SINGLE AUDIT/FEDERAL AND STATE
SCHEDULE OF FINANCIAL ASSISTANCE
The Single Audit/Federal and State schedule of financial assistance section presents Grants
compliance reports filed by Collier County with Federal government and State government,
respectively.
THIS PAGE INTENTIONALLY LEFT BLANK
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE
WITH GOVERNMENT AUDITING STANDARDS
Honorable Board of County Commissioners
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, the business-type activities, the aggregate discretely presented component units, each major
fund, and the aggregate remaining fund information of Collier County, Florida (County), as of and for
the year ended September 30, 2018, and the related notes to the financial statements, which
collectively comprise the County’s basic financial statements, and have issued our report thereon dated
February 15, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the County’s internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate
in the circumstances for the purpose of expressing our opinions on the financial statements, but not for
the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly,
we do not express an opinion on the effectiveness of the County’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a material
misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a
timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe than a material weakness yet important enough to merit attention by those charged
with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
175
Honorable Board of County Commissioners
Collier County, Florida
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the County’s financial statements are free
from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the determination of financial statement amounts. However, providing an opinion on
compliance with those provisions was not an objective of our audit, and accordingly, we do not express
such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that
are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
February 15, 2019
176
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR EACH MAJOR
FEDERAL PROGRAM AND STATE PROJECT AND REPORT ON INTERNAL CONTROL
OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE AND CHAPTER 10.550,
RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
Honorable Board of County Commissioners
Collier County, Florida
Report on Compliance for Each Major Federal Program and State Project
We have audited Collier County, Florida’s (County) compliance with the types of compliance
requirements described in the OMB Compliance Supplement and the requirements described in the
State of Florida Department of Financial Services’ State Projects Compliance Supplement that could
have a direct and material effect on each of the County’s major federal programs and state projects for
the year ended September 30, 2018. The County’s major federal programs and state projects are
identified in the summary of auditors’ results section of the accompanying schedule of findings and
questioned costs.
Management’s Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants applicable to its federal programs and state projects.
Auditors’ Responsibility
Our responsibility is to express an opinion on compliance for each of the County’s major federal
programs and state projects based on our audit of the types of compliance requirements referred to
above. We conducted our audit of compliance in accordance with auditing standards generally
accepted in the United States of America; the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United States; the audit
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and
Chapter 10.550, Rules of the Auditor General Local Governmental Entity Audits. Those standards, the
Uniform Guidance, and Chapter 10.550 require that we plan and perform the audit to obtain reasonable
assurance about whether noncompliance with the types of compliance requirements referred to above
that could have a direct and material effect on a major federal program or state project occurred. An
audit includes examining, on a test basis, evidence about the County’s compliance with those
requirements and performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major
federal program and state project. However, our audit does not provide a legal determination of the
County’s compliance.
177
Honorable Board of County Commissioners
Collier County, Florida
Opinion on Each Major Federal Program and State Project
In our opinion, the County complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on each of its major federal programs and
state projects for the year ended September 30, 2018.
Other Matters
The results of our auditing procedures disclosed instances of noncompliance, which are required to be
reported in accordance with Chapter 10.550 and are described in the accompanying schedule of
findings and questioned costs as item 2018-001. Our opinion on each major federal program and state
project is not modified with respect to these matters.
The County’s response to the noncompliance findings identified in our audit is described in the
accompanying schedule of findings and questioned costs. The County’s response was not subjected to
the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on
the response.
Report on Internal Control Over Compliance
Management of the County is responsible for establishing and maintaining effective internal control
over compliance with the types of compliance requirements referred to above. In planning and
performing our audit of compliance, we considered the County’s internal control over compliance with
the types of requirements that could have a direct and material effect on each major federal program or
state project to determine the auditing procedures that are appropriate in the circumstances for the
purpose of expressing an opinion on compliance for each major federal program and state project and
to test and report on internal control over compliance in accordance with the Uniform Guidance and
Chapter 10.550, but not for the purpose of expressing an opinion on the effectiveness of internal control
over compliance. Accordingly, we do not express an opinion on the effectiveness of the County’s
internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their
assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance
requirement of a federal program or state project on a timely basis. A material weakness in internal
control over compliance is a deficiency, or a combination of deficiencies, in internal control over
compliance, such that there is a reasonable possibility that material noncompliance with a type of
compliance requirement of a federal program or state project will not be prevented, or detected and
corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency,
or a combination of deficiencies, in internal control over compliance with a type of compliance
requirement of a federal program or state project that is less severe than a material weakness in
internal control over compliance, yet important enough to merit attention by those charged with
governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies and therefore, material
weaknesses or significant deficiencies may exist that have not been identified. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
we did identify a certain deficiency in internal control over compliance, described in the accompanying
schedule of findings and questioned costs as item 2018-001, that we consider to be a significant
deficiency.
178
Honorable Board of County Commissioners
Collier County, Florida
The County’s response to the internal control over compliance findings identified in our audit is
described in the accompanying schedule of findings and questioned costs. The County’s response was
not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we
express no opinion on the response.
The purpose of this report on internal control over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements of
the Uniform Guidance and Chapter 10.550. Accordingly, this report is not suitable for any other
purpose.
CliftonLarsonAllen LLP
Naples, Florida
February 15, 2019
179
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
U.S. Department of Agriculture
Direct Programs:
Rural Business Cooperative Service:
Rural Business Development Grant 10.351 RO87213 53185 13,601$ ‐$
Natural Resources Conservation Service:
Emergency Watershed Protection Program 10.923 NR184209XXXXC028 3,924,916 ‐
Indirect Programs:
Florida Department of Agriculture and Consumer Services:
Child Nutrition Cluster:
Summer Food Service Program for Children 10.559 018588 65,218 ‐
Total Child Nutrition Cluster 65,218 ‐
Total U.S. Department of Agriculture 4,003,735 ‐
U.S. Department of Housing and Urban Development
Direct Programs:
Assistant Secretary for Community Planning and Development:
CDBG ‐ Entitlement Grants Cluster:
Community Development Block Grants/Entitlement Grants 14.218 B‐02‐UC‐12‐0016 49,422 49,422
Community Development Block Grants/Entitlement Grants 14.218 B‐03‐UC‐12‐0016 3,480 3,480
Community Development Block Grants/Entitlement Grants 14.218 B‐04‐UC‐12‐0016 8,912 8,912
Community Development Block Grants/Entitlement Grants 14.218 B‐05‐UC‐12‐0016 50,127 45,855
Community Development Block Grants/Entitlement Grants 14.218 B‐07‐UC‐12‐0016 141,472 141,472
Community Development Block Grants/Entitlement Grants 14.218 B‐08‐UN‐12‐0003 445,357 ‐
Community Development Block Grants/Entitlement Grants 14.218 B‐11‐UC‐12‐0016 5,000 5,000
Community Development Block Grants/Entitlement Grants 14.218 B‐11‐UN‐12‐0003 230,178 ‐
Community Development Block Grants/Entitlement Grants 14.218 B‐12‐UC‐12‐0016 39,346 39,346
Community Development Block Grants/Entitlement Grants 14.218 B‐13‐UC‐12‐0016 20,975 20,975
Community Development Block Grants/Entitlement Grants 14.218 B‐14‐UC‐12‐0016 272,195 272,195
Community Development Block Grants/Entitlement Grants 14.218 B‐15‐UC‐12‐0016 113,408 112,631
Community Development Block Grants/Entitlement Grants 14.218 B‐16‐UC‐12‐0016 1,349,579 342,135
Community Development Block Grants/Entitlement Grants 14.218 B‐17‐UC‐12‐0016 865,027 374,073
Total CFDA 3,594,478 1,415,496
Total CDBG ‐ Entitlement Grants Cluster 3,594,478 1,415,496
Emergency Solutions Grant Program 14.231 E‐16‐UC‐12‐0016 37,059 26,071
Emergency Solutions Grant Program 14.231 E‐17‐UC‐12‐0016 141,241 102,591
Total CFDA 178,300 128,662
Home Investment Partnerships Program 14.239 M‐09‐UC‐12‐0217 28,337 ‐
Home Investment Partnerships Program 14.239 M‐10‐UC‐12‐0217 39,077 ‐
Home Investment Partnerships Program 14.239 M‐11‐UC‐12‐0217 6,864 ‐
Home Investment Partnerships Program 14.239 M‐13‐UC‐12‐0217 39,973 39,973
Home Investment Partnerships Program 14.239 M‐14‐UC‐12‐0217 100,596 4,155
Home Investment Partnerships Program 14.239 M‐15‐UC‐12‐0217 171,671 ‐
Home Investment Partnerships Program 14.239 M‐17‐UC‐12‐0217 52,322 ‐
Total CFDA 438,840 44,128
Total U.S. Department of Housing and Urban Development 4,211,618 1,588,286
U.S. Department of the Interior
Direct Programs:
Office of the Secretary of the Interior:
Payments in Lieu of Taxes 15.226 Collier County 1,385,819 ‐
(Continued)
See accompanying notes to the schedule of expenditures of federal awards and state projects.
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
180
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
U.S. Fish and Wildlife Service:
Partners for Fish and Wildlife 15.631 F14AC00709 5,006$ ‐$
National Wildlife Refuge Fund 15.659 Collier County 151,416 ‐
Total U.S. Department of the Interior 1,542,241 ‐
U.S. Department of Justice
Direct Programs:
Community Oriented Policing Services:
Public Safety Partnership and Community Policing Grants 16.710 2012ULWX0008 65,650 ‐
Public Safety Partnership and Community Policing Grants 16.710 2013ULWX0047 22,775 ‐
Total CFDA 88,425 ‐
Criminal Division:
Equitable Sharing Program 16.922 Collier County Sheriff 53,367 ‐
Office of Justice Programs:
Drug Court Discretionary Grant Program 16.585 2017‐DC‐BX‐0053 74,904 62,417
Edward Byrne Memorial Justice Assistance Grant Program 16.738 2016‐DJ‐BX‐0846 33,949 ‐
Indirect Programs:
Florida Department of Law Enforcement:
Edward Byrne Memorial Justice Assistance Grant Program 16.738 2017‐JAGC‐COLL‐1‐F9‐136 22,974 ‐
Total CFDA 56,923 ‐
Florida Department of Legal Affairs:
Crime Victim Assistance 16.575 VOCA‐2017‐Collier County Sheriff's ‐00017 174,979 ‐
Total U.S. Department of Justice 448,598 62,417
U.S. Department of Transportation
Direct Programs:
Federal Aviation Administration (FAA):
Airport Improvement Program 20.106 3‐12‐0021‐004‐2017 49,105 ‐
Airport Improvement Program 20.106 3‐12‐0031‐009‐2016 33,153 ‐
Airport Improvement Program 20.106 3‐12‐0031‐010‐2016 2,012 ‐
Airport Improvement Program 20.106 3‐12‐0031‐011‐2017 914,527 ‐
Airport Improvement Program 20.106 3‐12‐0142‐011‐2016 18,050 ‐
Total CFDA 1,016,847 ‐
Federal Transit Administration (FTA):
Federal Transit Cluster:
Federal Transit Formula Grants 20.507 FL‐90‐X766‐00 63,623 ‐
Federal Transit Formula Grants 20.507 FL‐90‐X853‐00 203,636 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X062‐00 127,381 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X085‐00 2,699 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X086‐00 30,011 ‐
Federal Transit Formula Grants 20.507 FL‐2016‐056‐00 1,390,850 ‐
Federal Transit Formula Grants 20.507 FL‐2017‐035‐00 738,342 ‐
Federal Transit Formula Grants 20.507 FL‐2017‐055‐00 6,300 ‐
Federal Transit Formula Grants 20.507 FL‐2018‐034‐00 1,447,461 ‐
Federal Transit Formula Grants 20.507 FL‐2018‐098‐00 79,977 ‐
Total CFDA 4,090,280 ‐
Bus and Bus Facilities Formula Program 20.526 FL‐34‐0019‐00 89,268 ‐
Bus and Bus Facilities Formula Program 20.526 FL‐34‐0036‐00 347,686 ‐
Bus and Bus Facilities Formula Program 20.526 FL‐2017‐017‐00 35,153 ‐
Total CFDA 472,107 ‐
Total Federal Transit Cluster 4,562,387 ‐
(Continued)
181
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
Indirect Programs:
Florida Department of Transportation:
Highway Planning and Construction Cluster:
Highway Planning and Construction 20.205 G0B56 461,483$ ‐$
Highway Planning and Construction 20.205 G0870 36,310 ‐
Highway Planning and Construction 20.205 G0B79 600,000 ‐
Highway Planning and Construction 20.205 G0B81 76,084 ‐
Highway Planning and Construction 20.205 G0L51 21,425 ‐
Highway Planning and Construction 20.205 G0L52 85,168 ‐
Highway Planning and Construction 20.205 G0L53 53,531 ‐
Highway Planning and Construction 20.205 G0L54 41,286 ‐
Highway Planning and Construction 20.205 G0L55 15,955 ‐
Highway Planning and Construction 20.205 G0L59 20,351 ‐
Highway Planning and Construction 20.205 G0R30 9,798 ‐
Highway Planning and Construction 20.205 G0S32 14,180 ‐
Highway Planning and Construction 20.205 G0Y70 130,173 ‐
Total CFDA 1,565,744 ‐
Total Highway Planning and Construction Cluster 1,565,744 ‐
Metropolitan Transportation Planning and State and
Non‐Metropolitan Planning and Research 20.505 G0581 55,679 ‐
Formula Grants for Rural Areas 20.509 G0738 401,521 ‐
Transit Services Programs Cluster:
Enhanced Mobility of Seniors and Individuals with Disabilities 20.513 FL‐16‐0041 266,730 ‐
Enhanced Mobility of Seniors and Individuals with Disabilities 20.513 FL‐16‐0042 10,989 ‐
Total CFDA 277,719 ‐
Total Transit Services Programs Cluster 277,719 ‐
Total U.S. Department of Transportation 7,879,897 ‐
U.S. Department of the Treasury
Direct Programs:
Resources and Ecosystems Sustainability, Tourist Opportunities,
and Revived Economies of the Gulf Coast States 21.015 1 RDCGR060041‐01‐00 76,109 ‐
Total U.S. Department of the Treasury 76,109 ‐
U.S. Election Assistance Commission
Indirect Programs:
Florida Department of State:
Help America Vote Act Requirements Payments 90.401 2017‐2018‐0001‐CLL 31,295 ‐
Help America Vote Act Requirements Payments 90.401 2018‐2019‐001‐CLL 3,591 ‐
Help America Vote Act Requirements Payments 90.401 2018‐2019‐002‐CLL 15,426 ‐
Total U.S. Election Assistance Commission 50,312 ‐
U.S. Department of Health and Human Services
Indirect Programs:
Florida Department of Elder Affairs ‐ Area Agency on Aging for
Southwest Florida, Inc.:
Aging Cluster:
Special Programs for the Aging, Title III, Part B, Grants for
Supportive Services and Senior Centers 93.044 OAA 203.17 16,868 ‐
Special Programs for the Aging, Title III, Part B, Grants for
Supportive Services and Senior Centers 93.044 OAA 203.18 264,548 ‐
Total CFDA 281,416 ‐
(Continued)
182
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 OAA 203.17 98,137$ ‐$
Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 OAA 203.18 380,410 ‐
Total CFDA 478,547 ‐
Nutrition Services Incentive Program 93.053 OAA 203.17 12,370 ‐
Nutrition Services Incentive Program 93.053 OAA 203.18 29,600 ‐
Total CFDA 41,970 ‐
Total Aging Cluster 801,933 ‐
National Family Caregiver Support, Title III, Part E 93.052 OAA 203.17 22,403 ‐
National Family Caregiver Support, Title III, Part E 93.052 OAA 203.18 79,246 ‐
Total CFDA 101,649 ‐
Florida Department of Revenue:
Child Support Enforcement 93.563 COC11 193,007 ‐
Total U.S. Department of Health and Human Services 1,096,589 ‐
Corporation for National and Community Service
Direct Programs:
Retired and Senior Volunteer Program 94.002 15SRSFL015 44,779 ‐
Retired and Senior Volunteer Program 94.002 18SRSFL005 15,727 ‐
Total Corporation for National and Community Service 60,506 ‐
Executive Office of the President
Direct Programs:
High Intensity Drug Trafficking Areas Program 95.001 G17MI0015A 129,604 ‐
Total Executive Office of the President 129,604 ‐
U.S. Department of Homeland Security
Indirect Programs:
Executive Office of the Governor ‐ Florida Division of Emergency
Management:
Disaster Grants ‐ Public Assistance (Presidentially Declared
Disasters) 97.036 Z0001 11,087,017 ‐
Disaster Grants ‐ Public Assistance (Presidentially Declared
Disasters) 97.036 Z0237 5,309,282 ‐
Total CFDA 16,396,299 ‐
Emergency Management Performance Grants 97.042 18‐FG‐7A‐09‐21‐01‐190 105,475 ‐
Fire Management Assistance Grant 97.046 Z0305 129,743 ‐
Homeland Security Grant Program 97.067 17‐DS‐V4‐09‐21‐23‐283 65,881 ‐
Homeland Security Grant Program 97.067 18‐DS‐X1‐09‐21‐01‐326 25,383 ‐
Homeland Security Grant Program 97.067 18‐DS‐X1‐09‐21‐23‐165 149,085 ‐
Homeland Security Grant Program 97.067 19‐DS‐X5‐09‐21‐23‐050 27,187 ‐
Total CFDA 267,536 ‐
Total U.S. Department of Homeland Security 16,899,053 ‐
36,398,262$ 1,650,703$
(Continued)
TOTAL EXPENDITURES OF FEDERAL AWARDS
183
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
Direct Projects:
Emergency Management Programs 31.063 18‐BG‐W9‐09‐21‐01‐189 93,334$ ‐$
Emergency Management Programs 31.063 19‐BG‐21‐09‐21‐01‐019 16,126 ‐
Total Florida Executive Office of the Governor 109,460 ‐
Direct Projects:
Beach Management Funding Assistance Program 37.003 14CO1 33,986 ‐
Statewide Surface Water Restoration and Wastewater Projects 37.039 AB005 37,924 ‐
Statewide Surface Water Restoration and Wastewater Projects 37.039 S0859 85,551 ‐
Total CSFA 123,475 ‐
Total Florida Department of Environmental Protection 157,461 ‐
Florida Housing Finance Corporation
Direct Projects:
40.901 Collier County FY 2015‐2016 716,278 ‐
40.901 Collier County FY 2016‐2017 344,759 19,350
40.901 Collier County FY 2017‐2018 162,627 ‐
Total CSFA 1,223,664 19,350
State Housing Initiatives Partnership (SHIP) Program 52.901 Collier County FY 2014‐2015 501,406 79,995
Total Florida Housing Finance Corporation 1,725,070 99,345
Direct Projects:
State Aid to Libraries 45.030 15‐ST‐08 54,627 ‐
State Aid to Libraries 45.030 16‐ST‐08 100,898 ‐
Total Florida Department of State and Secretary of State 155,525 ‐
Direct Projects:
Aviation Grant Programs 55.004 G0E50 771,102 ‐
Aviation Grant Programs 55.004 G0E60 42,709 ‐
Aviation Grant Programs 55.004 G0E63 1,842 ‐
Aviation Grant Programs 55.004 G0O39 2,630 ‐
Aviation Grant Programs 55.004 G0O51 26,063 ‐
Total CSFA 844,346 ‐
Public Transit Block Grant Program 55.010 AQQ16 32,146 ‐
Public Transit Block Grant Program 55.010 G0Q98 800,020 ‐
Total CSFA 832,166 ‐
Public Transit Service Development Program 55.012 AQQ85 60,201 ‐
Public Transit Service Development Program 55.012 ARJ84 63,597 ‐
Public Transit Service Development Program 55.012 G0G64 48,277 ‐
Total CSFA 172,075 ‐
Transportation Regional Incentive Program (TRIP) 55.026 G0B39 440,316 ‐
Local Transportation Projects 55 039 G0T26 3,000 ‐
Indirect Projects:
Commission for the Transportation Disadvantaged:
Florida Commission for the Transportation Disadvantaged (CTD)
Trip and Equipment Grant Program 55.001 G0M34 540,455 ‐
Florida Commission for the Transportation Disadvantaged (CTD)
Trip and Equipment Grant Program 55.001 G0X18 187,657 ‐
Total CSFA 728,112 ‐
(Continued)
Florida Department of State and Secretary of State
Florida Department of Transportation
Florida Executive Office of the Governor
Florida Department of Environmental Protection
State Housing Initiatives Partnership Program (SHIP)
State Housing Initiatives Partnership Program (SHIP)
State Housing Initiatives Partnership Program (SHIP)
184
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
PASS‐THROUGH ENTITY
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
FEDERAL / STATE AGENCY
FEDERAL PROGRAM / STATE PROJECT
Florida Commission for the Transportation Disadvantaged (CTD)
Planning Grant Program 55.002 G0N23 21,801$ ‐$
Total Florida Department of Transportation 3,041,816 ‐
Florida Department of Children and Families
Direct Projects:
Criminal Justice, Mental Health, and Substance Abuse
Reinvestment Grant Program 60.115 LHZ54 329,658 308,159
Total Florida Department of Children and Families 329,658 308,159
Florida Department of Health
Direct Projects:
Emergency Medical Services (EMS) Matching Awards 64.003 M5002 103,249 ‐
County Grant Awards 64.005 C5011 1,799 ‐
County Grant Awards 64.005 C6011 16,432 ‐
Total CSFA 18,231 ‐
Total Florida Department of Health 121,480 ‐
Indirect Projects:
Area Agency on Aging for Southwest Florida, Inc.:
Home Care for the Elderly 65.001 HCE 203.17 17,009 ‐
Home Care for the Elderly 65.001 HCE 203.18 12,993 ‐
Total CSFA 30,002 ‐
Alzheimer's Respite Services 65.004 ADI 203.17 316,600 ‐
Alzheimer's Respite Services 65.004 ADI 203.18 107,383 ‐
Total CSFA 423,983 ‐
Community Care for the Elderly 65.010 CCE 203.17 698,510 ‐
Community Care for the Elderly 65.010 CCE 203.18 196,653 ‐
Total CSFA 895,163 ‐
Total Florida Department of Elder Affairs 1,349,148 ‐
Florida Fish and Wildlife Conservation Commission
Direct Projects:
Bear Resistant Equipment 77.034 Collier County 3,087 ‐
Total Florida Fish and Wildlife Conservation Commission 3,087 ‐
TOTAL EXPENDITURES OF STATE FINANCIAL ASSISTANCE 6,992,705$ 407,504$
Florida Department of Elder Affairs
185
COLLIER COUNTY, FLORIDA
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL
AWARDS AND STATE FINANCIAL ASSISTANCE
YEAR ENDED SEPTEMBER 30, 2018
1. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards and State Projects (the Schedule)
includes the Federal and State grant activity for Collier County, Florida (the County) and is presented on
the modified accrual basis of accounting for expenditures accounted for in the governmental funds and
the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis,
revenue is recognized if it is both measurable and available for use during the fiscal year and
expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis,
expenditures are recognized in the period liabilities are incurred.
The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance), and Section 215.97, Florida Statutes. Therefore,
some amounts presented in the Schedule may differ from amounts presented, or used in the
preparation of, the basic financial statements for the fiscal year ended September 30, 2018.
2. Contingency
The grant revenue amounts received are subject to audit and adjustment. If any expenditures or
expenses are disallowed by the grantor agencies as a result of such an audit, any claim for
reimbursement to the grantor agencies would become a liability of the County.
3. Indirect Cost Rate
The County has not elected to use the 10 percent de minimus cost rate allowed under the Uniform
Guidance.
4. Disaster Grants ‐ Public Assistance (Presidentially Declared Disasters) (97.036)
After a presidentially declared disaster, FEMA provides Disaster Grants – Public Assistance
(Presidentially Declared Disasters) (CFDA 97.036) to reimburse eligible costs associated with debris
removal, emergency protective measures and the repair, restoration, reconstruction or replacement of
public facilities or infrastructure damaged or destroyed. Reimbursements are provided in the form of
cost‐shared grants. Hurricane Irma (FEMA‐4337‐DR) made landfall in Collier County on September 10,
2017. In 2018, $7.1 million eligible expenditures were approved that were incurred in the prior year and
are included in the SEFA.
5. Fire Management Assistance Grant (97.046)
After a fire declaration, FEMA provides Fire Management Assistant Grants (CFDA 97.046) to reimburse
eligible costs associated with mitigation, management, and control of fires. Reimbursements are
provided in the form of cost‐shared grants. A Fire Management Assistance Declaration was declared in
April 2017 for the Florida 30th Avenue Fire (FM‐5178). In 2018, $129,743 eligible expenditures were
approved that were incurred in the prior year and are included in the SEFA.
186
COLLIER COUNTY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED SEPTEMBER 30, 2018
Section I – Summary of Auditors’ Results
Financial Statements
1. Type of auditors’ report issued: Unmodified
2. Internal control over financial reporting:
Material weakness(es) identified? yes X no
Significant deficiency(ies) identified? yes X none reported
3. Noncompliance material to financial
statements noted? yes X no
Federal Awards
1. Internal control over major federal programs:
Material weakness(es) identified? yes X no
Significant deficiency(ies) identified? yes X none reported
2. Type of auditors’ report issued on
compliance for major federal programs: Unmodified
3. Any audit findings disclosed that are required
to be reported in accordance with
2 CFR 200.516(a)? yes X no
Identification of Major Federal Programs
CFDA Number(s) Name of Federal Program or Cluster
97.036 Disaster Grants-Public Assistance
20.106 Airport Improvement Program
15.226 Payments in Lieu of Taxes
10.923 Emergency Watershed Protection Program
Dollar threshold used to distinguish between
Type A and Type B programs: $ 1,088,472
Auditee qualified as low-risk auditee? X yes no
187
COLLIER COUNTY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED SEPTEMBER 30, 2018
State Financial Assistance
1.Internal control over state projects:
Material weakness(es) identified? yes X no
Significant deficiency(ies) identified
that are not considered to be
material weakness(es)? X yes none reported
2.Type of auditors’ report issued on
compliance for state projects:Unmodified
3.Any audit findings disclosed that are
required to be reported in accordance
with state requirements? X yes no
Identification of Major State Projects
CSFA Number(s) Name of State Project
65.004 Alzheimer’s Respite Services
55.010 Public Transit Block Grant Program
55.001 Florida Commission for the Transportation
Disadvantaged (CTD) Trip and Equipment Grant
Program
40.901/52.901 State Housing Initiative Partnership Program
Dollar threshold used to distinguish between
Type A and Type B state projects: $ 300,000
Section II – Financial Statement Findings
Our audit did not disclose any matters required to be reported in accordance with Government Auditing
Standards.
Section III – Findings and Questioned Costs – Major Federal Programs
Our audit did not disclose any matters required to be reported in accordance with 2 CFR 200.516(a).
188
COLLIER COUNTY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED SEPTEMBER 30, 2018
Section IV – Findings and Questioned Costs – Major State Projects
2018 – 001: Special Provisions of Rider Eligibility
State agency: Florida Department of Transportation
State program title: Florida Commission for the Transportation Disadvantaged (CTD) Trip and Equipment
Grant Program
CSFA Number: 55.001
Award Period: July 1, 2017 to June 30, 2019
Type of Finding: Compliance; Significant Deficiency in Internal Control over Compliance
Criteria or specific requirement: Per Florida Statutes Chapter 427.0155 (7), F.A.C. 41-2.006 (4)(j), the
CTC, in cooperation with the coordinating board and pursuant to criteria developed by the Florida
Commission for the Transportation Disadvantaged (FCTD), must establish eligibility guidelines with regard
to the recipients of non-sponsored transportation disadvantaged services that are purchased with
Transportation Disadvantaged Trust Fund moneys. The program manual states that the two areas for
which grant funds may be utilized include non-sponsored trips and capital equipment. A non-sponsored
trip is a one-way trip for an eligible individual who meets the definition of transportation disadvantaged and
is not sponsored by any other federal, state, or local government program.
Condition: Out of 60 sample selections tested, there was one file which could not be produced by the
Collier staff due to misplacing the information. As such, we were unable to assess whether or not the
related individual had completed and signed a CAT application or verify an ADA condition or TD condition
and therefore could not determine if this applicant was an eligible individual for a non-sponsored trip
during the audit period.
Questioned costs: $4.00 for a daily bus pass.
Context: Out of 60 sample selections tested, there was one file which could not be produced by the
Collier staff due to misplacing the information. This missing file was not the same missing file noted in a
monitoring report from the grantor.
Cause: CAT was unable to locate a current application or income verification. They believe it was
misplaced as the individual selection appeared to be in the Match Route Software with an October 31,
2018 expiration date.
Effect: Noncompliance with Florida Statutes Chapter 427.0155 (7).
Repeat Finding: No.
Recommendation: We recommend that all applications for individuals accepted as eligible for the non-
sponsored rides be maintained either electronically or physically in order to support the eligible
assessment.
Views of responsible officials: There is no disagreement with the audit finding.
189
THIS PAGE INTENTIONALLY LEFT BLANK
MANAGEMENT LETTER
Honorable Board of County Commissioners
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of Collier County, Florida (County) as of and for the fiscal
year ended September 30, 2018, and have issued our report thereon dated February 15, 2019.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America; the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements of Federal Awards (Uniform Guidance); and Chapter 10.550, Rules of the Auditor
General.
Other Reporting Requirements
We have issued our Independent Auditors’ Report on Internal Control over Financial Reporting and
Compliance and Other Matters Based on an Audit of the Financial Statements Performed in
Accordance with Government Auditing Standards; Independent Auditors’ Report on Compliance for
Each Major Federal Program and State Project and Report on Internal Control over Compliance;
Schedule of Findings and Questioned Costs; and Independent Accountants’ Report on an examination
conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance
requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those
reports and schedule, which are dated February 15, 2019, should be considered in conjunction with this
management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not
corrective actions have been taken to address findings and recommendations made in the preceding
financial audit report. There were no findings and recommendations reported in the preceding financial
audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal
authority for the primary government and each component unit of the reporting entity be disclosed in
this management letter, unless disclosed in the notes to the financial statements. This information has
been included in the notes to the basic financial statements.
Honorable Board of County Commissioners
Collier County, Florida
Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate
procedures and communicate the results of our determination as to whether or not the County has met
one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the
specific condition(s) met. In connection with our audit, we determined that the County did not meet any
of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial
condition assessment procedures for the County. It is management’s responsibility to monitor the
County’s financial condition, and our financial condition assessment was based in part on
representations made by management and the review of financial information provided by same.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any
recommendations to improve financial management. In connection with our audit, we did not have any
such recommendations.
Special District Component Units
Section 10.554(1)(i)5.c., Rules of the Auditor General, requires, if appropriate, that we communicate the
failure of a special district that is a component unit of a county, municipality, or special district, to
provide the financial information necessary for proper reporting of the component unit, within the
audited financial statements of the county, municipality, or special district in accordance with Section
218.39(3)(b), Florida Statutes. In connection with our audit, we did not note any special district
component units that failed to provide the necessary information for proper reporting in accordance with
Section 218.39(3)(b), Florida Statutes.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with
provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have
occurred, that have an effect on the financial statements that is less than material but warrants the
attention of those charged with governance. In connection with our audit, we did not note any such
findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing
Committee, members of the Florida Senate and the Florida House of Representatives, the Florida
Auditor General, federal and other granting agencies, the Board of County Commissioners, and
applicable management, and is not intended to be and should not be used by anyone other than these
specified parties.
CliftonLarsonAllen LLP
Naples, Florida
February 15, 2019
2
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Board of County Commissioners
Collier County, Florida
We have examined Collier County, Florida’s (County) compliance with Section 218.415, Florida
Statutes, regarding the investment of public funds and Section 365.172(10) and 365.172(2)(d), Florida
Statutes, regarding emergency communications number E911 system fund during the year ended
September 30, 2018. Management of the County is responsible for the County’s compliance with the
specified requirements. Our responsibility is to express an opinion on the County’s compliance with the
specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. Those standards require that we plan and perform the
examination to obtain reasonable assurance about whether the County complied, in all material
respects, with the specified requirements referenced above. An examination involves performing
procedures to obtain evidence about whether the County complied with the specified requirements. The
nature, timing, and extent of the procedures selected depend on our judgment, including an
assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the
evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
Our examination does not provide a legal determination on the County’s compliance with specified
requirements.
In our opinion, the County complied, in all material respects, with Section 218.415, Florida Statutes,
regarding the investment of public funds and Section 365.172(10) and 365.173(2) (d), Florida
Statutes, regarding emergency communications number E911 system fund during the year ended
September 30, 2018.
This report is intended solely for the information and use of the County and the Auditor General, state
of Florida, and is not intended to be, and should not be, used by anyone other than these specified
parties.
CliftonLarsonAllen LLP
Naples, Florida
February 15, 2019
THIS PAGE INTENTIONALLY LEFT BLANK
ANNUAL DEBT REPORT (UNAUDITED)
Pursuant to the Collier County Debt Policy, the following Tables were prepared for the fiscal
year ended September 30, 2018.
Table 1. Calculation of Collier County General Governmental Debt Ratio
Table 2. Calculation of Collier County Enterprise Debt Ratios
THIS PAGE INTENTIONALLY LEFT BLANK
Bondable revenues, as defined by Collier County Debt Policy:
Current Ad Valorem Taxes 336,629,501$
Governmental Impact Fees 45,682,190
Half Cent Sales Tax 44,092,859
Developmental Fees 30,989,353
State Revenue Sharing 11,673,572
5th Cent Local Option Gas Tax 6,213,903
6th Cent Local Option Gas Tax 8,200,467
Constitutional Gas Tax 4,553,292
Seventh Cent Gas Tax 2,017,121
Ninth Cent Gas Tax 1,725,261
Parks and Recreation Fees 6,439,112
Tourist Development Tax 27,962,471
Court Facilities Fees 827,051
Communications Services Tax 4,498,036
Total bondable revenues 531,504,189$
Fiscal 2018 governmental debt service requirements:
Series 2012 Gas Tax Bonds
Principal:2,970,000$
Interest:898,150
Series 2014 Gas Tax Bonds
Principal:7,540,000
Interest:1,839,044
Series 2010 Special Obligation Bonds
Principal:2,030,000
Interest:1,112,281
Series 2010B Special Obligation Bonds
Principal:2,230,000
Interest:479,250
Series 2011 Special Obligation Bonds
Principal:5,885,000
Interest:2,794,631
Series 2013 Special Obligation Bonds
Principal:‐
Interest:2,846,975
Series 2017 Special Obligation Bond
Principal:113,000
Interest:686,622
Commercial Paper Program
Principal:100,000
Interest:133,296
Total fiscal 2018 governmental debt service requirements 31,658,249$
Governmental debt ratio of fiscal year 2018 debt service requirements
to total bondable revenues (13.0% maximum allowed by County policy) 6.0%
Notes:
Debt service is based upon current amortization tables for the fiscal year
indicated. Debt prepayments, if any, are not included as debt service requirements.
TABLE 1
Calculation of Collier County General Governmental Debt Ratio
For the Fiscal Year Ended September 30, 2018
Collier County Water and Sewer District:
Total Sales Revenues 142,618,486$
Miscellaneous Revenues 3,138,879
Total Operating Revenues 145,757,365
Non‐Operating Revenues 10,089,846
Gross Revenues 155,847,211
Less: Operation and Maintenance
Expense (excluding Depreciation and Amortization)90,511,063
Net Revenues Available for Debt Service (1)65,336,148$
Total Fiscal Year 2018 Debt Service on Bonds (2)8,577,955$
Net Revenues Debt Service Coverage on Bonded Debt
(100% Required) ‐ (1/2)762%
Other Pledged Funds:
System Development Fees (Impact Fees) 14,087,562$
Total Pledged Funds Available for Debt Service (3)79,423,710$
Total Fiscal Year 2018 Debt Service on Bonds (4)8,577,955$
Total Pledged Funds Debt Service Coverage on Bonded Debt
(125% Required) ‐ (3/4)926%
Total Pledged Funds Available for Debt
Service After Payment of Bonds (5) 70,845,755$
Total Fiscal Year 2018 Debt Service on
Subordinated Indebtedness (6)11,148,028$
Calculated Coverage on Subordinated Indebtedness ‐ (5/6)636%
Total Pledged Funds Available for System
Purposes 59,697,727$
Notes:
Coverage calculations utilitize definitions of Gross Revenues, Net Revenues, System
Development Fees and Pledged Funds established in Resolution CWS 85‐5, as
Amended and Restated.
TABLE 2
Calculation of Collier County Enterprise Debt Ratios
For the Fiscal Year Ended September 30, 2018
2
Summary Debt Statement for Fiscal Year 2018
General Governmental Debt:
While the Florida State Constitution and the Florida Statutes set no legal debt limit at the local level, prudent
fiscal management requires a self-imposed level of restraint. Collier County’s Debt Policy sets the maximum
allowable governmental debt ratio at 13.0%, and the County continues to operate below this threshold. The
governmental debt ratio is the ratio of debt service requirements to total bondable revenues, as defined by
Collier County’s Debt Policy. It should be noted that while ad valorem taxes are bondable for purposes of
the governmental debt ratio calculation, they may only be pledged pursuant to voter referendum.
The governmental debt ratio decreased from 6.5%, for the fiscal year ended September 30, 2017, to 6.0% (see
Table 1) for the fiscal year ended September 30, 2018, or less than half of the allowable ratio. The decrease
in the debt ratio for FY-2018 is primarily the result of 10.2% growth in overall bondable revenues. Collections
in governmental impact fees (non-water and wastewater) increased by 30.2% over FY-2017 primarily due to
the overall increase in recent development activity. In keeping with the governmental impact fee trend,
developmental fees, including permit and review fees, increased by 21.1% over FY-2017. In addition, Tourist
Development Tax collections were 27.3% greater than FY-2017, largely due to the addition of a 5th Cent to
the Tourist Development Tax in September of 2017.
Recent debt restructurings coupled with the growth of general governmental revenues have produced several
consecutive years of decreases in the general governmental debt ratio, as shown in the chart below:
11.1%10.7%
9.4%
8.1%7.6%
7.0%6.5%
6.0%
13.0%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
FY‐2011 FY‐2012 FY‐2013 FY‐2014 FY‐2015 FY‐2016 FY‐2017 FY‐2018
Comparison of Governmental Debt Ratio to
Maximum Allowable Governmental Debt Ratio
Collier County, Florida (FY 11 ‐ FY18)
Annual Governmental Debt Ratio Maximum Allowable Governmental Debt Ratio
3
Summary of Existing and Newly Issued General Government Debt
Existing General Government Debt
In 2012, Collier County issued $38,680,000 in Gas Tax Refunding Revenue Bonds with interest rates
ranging from 3.00% to 5.00% and final maturity on June 1, 2023. In 2014, Collier County issued the
$89,780,000 Gas Tax Refunding Revenue Bond, Series 2014 (Bank Term Loan) with an interest rate of
2.33% and final maturity on June 1, 2025.
The pledge for the payment of all the Gas Tax Revenue Bonds is combined gas tax revenues. Fiscal year
2018 gas tax revenues covered the current year debt service payments on all outstanding Gas Tax Revenue
Bonds at 171%.
New General Government Debt
Collier County issued the Series 2017 Special Obligation Refunding Revenue Note in the par amount of
$43,713,000 on December 28, 2017. These bonds advance refunded portions of the County’s outstanding
Special Obligation Revenue Bonds, Series 2010. The final maturity of the Series 2017 Note is July 1, 2034,
with an interest rate of 3.09%. The advanced refunding achieved a net present value savings of 6.73% on
the refunded bonds and an aggregate debt service savings of $3,530,341. Subsequent to issuance of this
debt, one of the provisions of the Tax Cuts and Jobs Act of 2017 eliminated tax-exempt advanced refunding
bonds, effective December 31, 2017. Security for the County’s Special Obligation Revenue Bonds is a
covenant to appropriate in the annual budget by amendment, if necessary, from Non-Ad Valorem Revenues
amounts sufficient pay debt service on the combined Special Obligation Bonds. On February 23, 2018,
Standard and Poor’s Global Ratings upgraded Collier County’s Special Obligation Bonds to ‘AAA’.
On April 30, 2018, Collier County issued a $12,000,000 variable rate commercial paper loan through the
Florida Local Government Finance Commission’s Pooled Commercial Paper Program to acquire land for
the construction of the County’s regional tournament caliber amateur sports complex.
Collier County issued $62,965,000 in Series 2018 Tourist Development Tax Revenue Bonds on October 24,
2018 to pay the costs to develop, acquire, construct, and equip a regional tournament caliber amateur sports
complex. A lien and pledge upon the Tourist Development Tax provides security for the Tourist Development
Tax Bonds. The Board of County Commissioners instituted a fifth penny of tourist tax revenue to provide the
financial resources required to service the debt on the stadium complex.
4
Collier County Governmental Bonded Debt Ratings Table:
Current Ratings (as of 2/12/2019) Fitch Moody’s Standard & Poor’s
Gas Tax Revenue Bonds AA- A2 A+
Special Obligation Bonds AA Aa2 AAA
Tourist Development Tax Bonds* AA+ Aa3 -
* Standard & Poor’s does not currently rate the Tourist Development Tax Bonds.
A rating of AA by Fitch Ratings denotes the expectations of very low default risk and indicates very strong
capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable
events. Fitch also uses intermediate +/- modifiers for each AA category.
A Moody’s Investors Service rating of Aa is indicative of a high quality investment grade instrument with very
low credit risk, whereas an A rating indicative of an upper-medium grade instrument subject to low credit risk.
Moody’s uses intermediate modifiers of 1 (higher) to 3 (lower) within the Aa and A ranges.
An obligation rated AAA has the highest rating assigned by Standard and Poor’s Global Ratings. The obligor’s
capacity to meet its financial commitments on the obligation is extremely strong. An obligation rated A is
somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than
obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitments on
the obligation is still strong. Standard and Poor’s Global Ratings also uses intermediate +/- modifiers for each
category to indicate relative standing within the major rating categories.
5
Collier County Enterprise Debt:
Currently, the Collier County Water and Sewer District (District) is the only County enterprise activity with
bonded debt outstanding. The Collier County Debt Policy does not set a maximum allowable enterprise debt
ratio, but coverage requirements related to the District’s debt are set by bond covenants. Net revenues, defined
as operating revenues plus specific non-operating revenues less operating expenses, excluding depreciation,
must cover bonded debt service at 100%. Total pledged funds, defined as net revenues plus impact fees and
special assessments, if applicable, must cover bonded debt at 125%. Net revenue coverage on bonded debt
was 762% and total pledged funds coverage on bonded debt was 926% for FY-2018, up from 568% and 753%,
respectively, for FY-2017.
Bonded debt coverages increased primarily due to a 7.6% decrease in operation and maintenance costs when
compared to FY-2017, which included substantial costs related to Hurricane Irma. The District’s calculated
coverage on subordinated debt, all in the form of a bank loan with Synovus Bank, d.b.a. Florida Community
Bank, increased from 460% to 636% (see Table 2) reflecting an increase in total pledged funds available for
debt service. The total pledged funds coverage required by the subordinated loan agreement is equivalent to
115% of total subordinated debt service in each fiscal year, after payment of bonded debt service.
User rates for potable water, wastewater and irrigation water, as well as miscellaneous revenues, offset system
operating, maintenance, debt service and capital costs. The District’s water and sewer user rates increased by
2.9%, effective 10/01/2017. In July of 2018 the District’s governing board adopted rate increases of 2.8%
effective October 1, 2018; 2.9% effective October 1, 2019; and, 2.9% effective October 1, 2020, for fiscal
years 2019, 2020 and 2021, respectively. Over recent years’ the District has operated on a pay as you go basis,
avoided borrowing and maintained financial stability. The District’s current focus is the optimization of
resources, risk based prioritization of capital projects and infrastructure expansion in the northeast service area
to serve future residents and businesses.
On February 28, 2018, the Collier County issued $35,965,000 in Series 2018 Water and Sewer Revenue Bonds
for purposes of acquiring the Golden Gate Utility System and paying associated costs of issuance. Effective
as of the transfer date the Golden Gate Utility System was included in the Collier County Water-Sewer District
service area.
Collier County Enterprise Debt Ratings Table:
Current Ratings (as of 2/12/2019) Fitch Moody’s Standard & Poor’s*
Water and Sewer Revenue Bonds AAA Aa1 -
* Standard & Poor’s does not currently rate County Water and Sewer Revenue Bonds.
A rating of AAA by Fitch Ratings denotes the lowest expectation of default risk. A rating of AAA is only
assigned in cases of exceptionally strong capacity for payment of financial commitments. This capacity is
highly unlikely to be adversely affected by foreseeable events.
A Moody’s Investors Service rating of Aa is indicative of a high quality, investment grade instrument with
very low credit risk. Moody’s uses intermediate modifiers of 1 (higher) to 3 (lower) within the Aa range.
6
Collier County, Florida
Clerk of the Circuit Court
Financial Statements and
Supplemental Reports
Year Ended September 30, 2018
Collier County, Florida
Clerk of the Circuit Court
Financial Statements and Other Reports
Year Ended September 30, 2018
Contents
Independent Auditors’ Report ..........................................................................................................1
Financial Statements
Balance Sheet – Governmental Funds ........................................................................................4
Statement of Revenues, Expenditures, and Changes in Fund Balance –
Governmental Funds ................................................................................................................5
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – General Fund .............................................................................................................6
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – Court Services Fund ..................................................................................................7
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and
Actual – Other Special Revenue Fund .....................................................................................8
Statement of Fiduciary Net Position – Agency Funds ................................................................9
Notes to Financial Statements ...................................................................................................10
Supplementary Information
Combining Statements of Fiduciary Net Position – All Agency Funds ...................................25
Other Reports
Independent Auditors’ Report on Internal Control Over Financial Reporting and
on Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards ..........................................26
Management Letter ...................................................................................................................28
Independent Accountants’ Report .............................................................................................30
1
INDEPENDENT AUDITORS’ REPORT
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of each major fund and the aggregate
remaining fund information of the Collier County, Florida Clerk of the Circuit Court (Clerk), as of
and for the year ended September 30, 2018, and the related notes to the financial statements, which
collectively comprise the Clerk’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due to
fraud or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluating the overall presentation
of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
2
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of each major fund and the aggregate remaining fund information of the
Clerk as of September 30, 2018, and the respective changes in financial position and budgetary
comparisons for the General Fund, Court Services Fund and Other Special Revenue Fund for the
year then ended in accordance with accounting principles generally accepted in the United States of
America.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the financial statements referred to above were
prepared solely for the purpose of complying with the Rules of the Auditor General of the State of
Florida. In conformity with the Rules, the accompanying financial statements are intended to present
the financial position and changes in financial position of each major fund and the aggregate
remaining fund information only for that portion of the major funds and the aggregate remaining
fund information of Collier County, Florida that is attributable to the Clerk. They do not purport to,
and do not, present fairly the financial position of Collier County as of September 30, 2018, and the
changes in its financial position for the fiscal year then ended in conformity with accounting
principles generally accepted in the United States of America. Our opinion is not modified with
respect to this matter.
Other Matters
Required Supplementary Information
Management has omitted management’s discussion and analysis that accounting principles generally
accepted in the United States of America require to be presented to supplement the basic financial
statements. Such missing information, although not a part of the basic financial statements, is
required by the Governmental Accounting Standards Board, who considers it to be an essential part
of financial reporting for placing the basic financial statements in an appropriate operational,
economic, or historical context. Our opinion on the basic financial statements is not affected by this
missing information.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Clerk’s basic financial statements. The combining statements, as listed in
the table of contents, are presented for purposes of additional analysis and are not a required part of
the basic financial statements. The combining statements are the responsibility of management and
were derived from and relate directly to the underlying accounting and other records used to prepare
the basic financial statements. Such information has been subjected to the auditing procedures
applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records
used to prepare the basic financial statements or to the basic financial statements themselves, and
other additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the combining statements are fairly stated, in all material respects,
in relation to the basic financial statements as a whole.
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
3
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 3,
2019, on our consideration of the Clerk’s internal control over financial reporting and on our tests of
its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is solely to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an opinion
on the effectiveness of the Clerk’s internal control over financial reporting or on compliance. That
report is an integral part of an audit performed in accordance with Government Auditing Standards in
considering Clerk’s internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
January 3, 2019
Collier County, Florida
Clerk of the Circuit Court
Balance Sheet – Governmental Funds
September 30, 2018
See accompanying Notes to Financial Statements.
4
OtherTotal
CourtSpecial Governmental
General Services Revenue Funds
Assets
Cash and cash equivalents 2,312,630$ 1,553,666$ 4,504,448$ 8,370,744$
Accounts receivable 67,301 46,985 - 114,286
Allowance for doubtful accounts (54,255) (46,985) - (101,240)
Due from Collier County, Florida Board
of County Commissioners 5,516 - - 5,516
Due from other governments 9,918 34,316 - 44,234
Prepaid expenses - - 10,937 10,937
Total assets 2,341,110$ 1,587,982$ 4,515,385$ 8,444,477$
Liabilities and fund balances
Liabilities:
Vouchers payable and accrued liabilities 909,199$ 320,765$ 42,705$ 1,272,669$
Due to Collier County, Florida Board of
County Commissioners 623,430 - - 623,430
Due to other governments - 1,267,217 - 1,267,217
Deposits 808,481 - - 808,481
Total liabilities 2,341,110 1,587,982 42,705 3,971,797
Fund balance:
Nonspendable - - 10,937 10,937
Restricted - - 4,461,743 4,461,743
Total fund balance - - 4,472,680 4,472,680
Total liabilities and fund balance 2,341,110$ 1,587,982$ 4,515,385$ 8,444,477$
Collier County, Florida
Clerk of the Circuit Court
Statement of Revenues, Expenditures, and
Changes in Fund Balance
Governmental Funds
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
5
Other Total
CourtSpecial Governmental
General Services Revenue Funds
Revenues:
Intergovernmental -$ 402,809$ -$ 402,809$
Charges for services 3,418,183 6,827,098 1,140,307 11,385,588
Miscellaneous 595 - - 595
Interest income 66,775 44,246 39,332 150,353
Total revenues 3,485,553 7,274,153 1,179,639 11,939,345
Expenditures:
General government:
Personal services 7,442,409 4,968,094 982,364 13,392,867
Operating 1,858,487 554,060 - 2,412,547
Capital outlay 386,830 - - 386,830
Total expenditures 9,687,726 5,522,154 982,364 16,192,244
Excess (deficiency) of revenues
over (under) expenditures (6,202,173) 1,751,999 197,275 (4,252,899)
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 6,823,000 - - 6,823,000
Transfers out:
Distribution of excess fees to State of
Florida - (1,768,419) - (1,768,419)
Distribution of excess appropriations to
Collier County, Florida Board of
County Commissioners (620,827) - - (620,827)
Total other financing sources (uses) 6,202,173 (1,768,419) - 4,433,754
Net change in fund balance - (16,420) 197,275 180,855
Fund balances – beginning of year - 16,420 4,275,405 4,291,825
Fund balances – end of year -$ -$ 4,472,680$ 4,472,680$
Collier County, Florida
Clerk of the Circuit Court
Statement of Revenues, Expenditures, and
Changes in Fund Balance – Budget and Actual
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
6
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Charges for services 2,933,400$ 2,993,400$ 3,418,183$ 424,783$
Miscellaneous - - 595 595
Interest income 15,000 15,000 66,775 51,775
Total revenues 2,948,400 3,008,400 3,485,553 477,153
Expenditures:
General government:
Personal services 7,940,600 7,470,000 7,442,409 27,591
Operating expenditures 1,625,500 1,973,500 1,858,487 115,013
Capital outlay 205,300 387,900 386,830 1,070
Total expenditures 9,771,400 9,831,400 9,687,726 143,674
Excess (deficiency) of revenues over
(under) expenditures (6,823,000) (6,823,000) (6,202,173) 620,827
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 6,823,000 6,823,000 6,823,000 -
Transfers out:
Distribution of excess appropriations to
Collier County, Florida Board of County
Commissioners - - (620,827) (620,827)
Total other financing sources (uses) 6,823,000 6,823,000 6,202,173 (620,827)
Net change in fund balance - - - -
Fund balance – beginning of year - - - -
Fund balance – end of year -$ -$ -$ -$
Budget
Collier County, Florida
Clerk of the Circuit Court
Statement of Revenues, Expenditures, and
Changes in Fund Balance – Budget and Actual
Court Services Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
7
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Intergovernmental 458,456$ 458,456$ 402,809$ (55,647)$
Charges for services 5,949,785 5,949,785 6,827,098 877,313
Interest income 10,000 10,000 44,246 34,246
Total revenues 6,418,241 6,418,241 7,274,153 855,912
Expenditures:
General government:
Personal services 6,010,085 5,670,185 4,968,094 702,091
Operating expenditures 408,156 748,056 554,060 193,996
Total expenditures 6,418,241 6,418,241 5,522,154 896,087
Excess of revenues over expenditures - - 1,751,999 1,751,999
Other financing (uses):
Transfers out:
Distribution of excess fees to State of Florida - - (1,768,419) (1,768,419)
Total other financing (uses) - - (1,768,419) (1,768,419)
Net change in fund balance - - (16,420) (16,420)
Fund balance – beginning of year - - 16,420 16,420
Fund balance – end of year -$ -$ -$ -$
Budget
Collier County, Florida
Clerk of the Circuit Court
Statement of Revenues, Expenditures, and
Changes in Fund Balance – Budget and Actual
Other Special Revenue Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
8
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Charges for services 1,170,000$ 1,170,000$ 1,140,307$ (29,693)$
Interest income 13,100 13,100 39,332 26,232
Total revenues 1,183,100 1,183,100 1,179,639 (3,461)
Expenditures:
General government:
Personal services 1,271,900 1,271,900 982,364 289,536
Operating expenditures 1,249,200 1,329,200 - 1,329,200
Capital outlay 1,656,300 1,576,899 - 1,576,899
Total expenditures 4,177,400 4,177,999 982,364 3,195,635
Net change in fund balance (2,994,300) (2,994,899) 197,275 3,192,174
Fund balance – beginning of year 3,085,480 3,644,557 4,275,405 630,848
Fund balance – end of year 91,180$ 649,658$ 4,472,680$ 3,823,022$
Budget
Collier County, Florida
Clerk of the Circuit Court
Statement of Fiduciary Net Position
Agency Funds
September 30, 2018
See accompanying Notes to Financial Statements.
9
Assets
Cash and cash equivalents 22,971,495$
Total assets 22,971,495$
Liabilities
Due to the Collier County,
Florida Board of County Commissioners 295,390$
Due to other governments 799,880
Deposits 21,876,225
Total liabilities 22,971,495$
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
10
1. Summary of Significant Accounting Policies
Reporting Entity
The Collier County, Florida Clerk of the Circuit Court (Clerk) is an elected constitutional officer as
provided for by the Constitution of the State of Florida. The Clerk’s Budget is presented pursuant to
Chapter 218, Florida Statutes. Additionally, a budget is submitted to the Florida Clerks of Court
Operations Corporation for the Court Services Fund.
The financial statements presented include the general fund, special revenue funds, and agency funds
of the Clerk’s office. The accompanying financial statements were prepared for the purpose of
complying with Section 218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor
General - Local Governmental Entity Audits, which allows the Clerk to only present fund financial
statements. These financial statements present only the portion of the funds of Collier County,
Florida that are attributable to the Clerk. They are not intended to present fairly the financial position
and results of operations of Collier County, Florida in conformity with accounting principles
generally accepted in the United States of America.
The financial activities of the Clerk, as a constitutional officer, are included in the Collier County,
Florida Comprehensive Annual Financial Report. There are no separate legal entities (component
units) for which the Clerk is considered to be financially accountable.
The general operations of the Clerk are funded by: fees from third parties, transfer in lieu of fees
from the Collier County, Florida Board of County Commissioners (Board), appropriations from the
State of Florida, and interest income. Pursuant to Chapter 218 Florida Statutes, funds remaining in
the general fund at fiscal year-end, in excess of amounts expended, are returned to the Board. Excess
revenues returned to the Board are reflected as transfers out in the Clerk’s general fund. Court-related
operations are funded by the collection of fines, fees costs and service charges, and a child support
grant. Any surplus of revenues after expenditures in this fund is remitted to the State in January of
the next year. Special revenue funds are retained by the Clerk and budgeted according to
requirements of each source.
The State transitioned the Clerk in July, 2013 to be self-funded from fees and fines. Pursuant to
Section 28.37, Florida Statute, any surplus revenues over expenditures will be returned to the State.
Measurement Focus, Basis of Accounting, and Basis of Presentation
These fund financial statements report detailed information about the Clerk. The focus of
governmental fund financial statements is on major funds rather than reporting funds by type. Each
major fund is reported in a separate column.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
11
1. Summary of Significant Accounting Policies (continued)
Governmental Funds
Governmental funds are accounted for using the flow of current financial resources measurement
focus. Only current assets and current liabilities, generally, are included on the balance sheet.
Operating statements for these funds present increases (i.e., revenues and other financing sources)
and decreases (i.e., expenditures and other financing uses) in net current assets.
The Clerk reports the following major governmental funds:
General Fund – The general fund is used to account for all revenue and expenditures applicable to
the general operations of the Clerk, which are not accounted for in another fund. All operating
revenue not specifically restricted or designated as to use, is recorded in the general fund.
Court Services Fund – The court services fund is a special revenue fund established to account for
court-related filing fees, service charges, fines, court costs, appropriations and expenses of the Clerk
as mandated by Sections 28.35 and 28.37(5), Florida Statutes.
Other Special Revenue Fund – The other special revenue fund is a special revenue fund used to
account for revenues mandated by Section 28.24(12)(d), Florida Statutes, to be held in trust by the
Clerk and used exclusively for equipment and maintenance of equipment, personnel training, and
technical assistance in modernizing the public records system of the office; and revenues
mandated by Section 28.24(12)(e).
The modified accrual basis of accounting is used by governmental funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become measurable and available to finance liabilities of the current fiscal year). For this purpose,
the Clerk considers revenues to be available if they are collected within 60 days after year-end.
Expenditures are recorded when the related fund liability is incurred, except for certain
compensated absences, which are recognized as expenditures to the extent they have matured.
Charges for services, interest income, and other revenues are recognized as they are earned and
become measurable and available to pay liabilities of the current period.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
12
1. Summary of Significant Accounting Policies (continued)
Governmental Funds (continued)
With the implementation of Revision 7 to Article V on July 1, 2004, the Clerk’s activities are
classified as court-related and non-court-related. The Clerk’s general fund activity, which is
classified as non-court-related, is funded through service charges for recording instruments and
documents into the official records, interest income and through transfers in from the Board of
County Commissioners.
Court-related operations are funded by the collection of fines, fees costs and service charges, and a
child support grant. Any surplus of revenues after expenditures in this fund is remitted to the State
in January of the next year.
Florida Statutes provide that the amount by which revenues and transfers exceed annual
expenditures for the general fund be remitted to the Board immediately following the fiscal year for
which the funding was provided or following the fiscal year during which other revenues were
recognized. The amount of this distribution is recorded as a liability and as an other financing use in
the accompanying purpose financial statements.
Capital outlays expended in governmental funds are capitalized in the basic financial statements of
Collier County, Florida rather than in the governmental funds of the Clerk.
Additionally, the Clerk reports the following fund type:
Fiduciary Funds – Agency Funds – Agency funds are used to account for assets held by the Clerk in
a trustee capacity or as an agent for individuals, private organizations, other governments, and other
funds. The agency funds are custodial in nature (assets equal liabilities), and do not involve
measurement of results of operations or have a measurement focus. Agency funds are accounted for
using the full accrual basis of accounting.
Cash Equivalents
Cash equivalents are defined as highly liquid investments with original maturities of three months or
less. The Clerk does not currently hold investments.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
13
1. Summary of Significant Accounting Policies (continued)
Compensated Absences
All full-time employees of the Clerk are allowed to accumulate an unlimited number of hours of
unused sick leave and up to 240 hours of unused vacation leave (with limited exceptions per the
employee manual). Upon termination, employees receive 100% of allowable accumulated vacation
hours and a percentage of unused sick leave, depending on years of service. Vacation leave and sick
leave are included in governmental funds when the payments are made to employees. The Clerk is
not legally required to accumulate financial resources for these un-matured obligations. Accordingly,
the liability for compensated absences is not reported in the Clerk’s funds, but rather is reported in
the basic financial statements of Collier County, Florida.
Prepaid Expenses
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
prepaid expenses.
Use of Estimates
The preparation of these financial statements requires management of the Clerk to make a number of
estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of
revenues and expenditures during the period. Actual results could differ slightly from those
estimates.
Fund Balance Reporting and Governmental Fund-Type Definitions
Fund balances are classified either as non-spendable or as spendable. Spendable fund balances are
further classified in a hierarchy based on the extent to which there are external and/or internal
constraints in how fund balance amounts may be spent.
Non-spendable fund balances include amounts that cannot be spent because they are not in spendable
form or are legally or contractually required to be maintained intact.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
14
1. Summary of Significant Accounting Policies (continued)
Fund Balance Reporting and Governmental Fund-Type Definitions (continued)
Spendable fund balances are classified based on a hierarchy of the Clerk’s ability to control the
spending of these fund balances and are reported in the following categories: restricted, committed,
assigned and unassigned. The Clerk’s fund balances for the special revenue funds fall into the
spendable restricted category. Fund balances maintained in the special revenue funds are restricted
pursuant to certain Florida Statutes and have been presented as restricted fund balances in the fund
financial statements in accordance with GASB Statement No. 54.
When an expenditure is incurred for purposes for which both restricted and unrestricted fund balance
is available, the Clerk considers restricted funds to have been spent first.
When an expenditure is incurred for which committed, assigned, or unassigned fund balances are
available, the Clerk considers amounts to have been spent first out of committed funds, then assigned
funds, and finally unassigned funds, as needed, unless the Clerk has provided otherwise in its
commitment or assignment actions.
2. Budgetary Process
Florida Statutes govern the preparation, adoption, and administration of the Clerk’s annual budget.
The Clerk prepares and approves the budget for the Clerk’s non-court functions, including special
revenue fund and the budget related to the recording function based on anticipated fees. The budget
of the Clerk for services to the Board is submitted to the Board.
Pursuant to Section 28.36, Florida Statutes, a balanced court-related budget must be prepared on or
before June 1 (for the period starting the next October 1 through September 30) and submitted to the
Florida Clerks of Court Operations Corporation (Corporation).
If the Clerk estimates that projected revenues are insufficient to meet anticipated expenditures, the
Clerk must report the revenue deficit to the Corporation. Once the Corporation verifies the revenue
deficit, the Clerk can increase fees up to the maximum amounts specified by law to resolve the
deficit. If a deficit is still projected, a request can be submitted to release funds from the Department
of Revenue Clerks of the Court Trust Fund. For the year ending September 30, 2018, the Clerk had
sufficient revenues to meet expenditures.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
15
2. Budgetary Process (continued)
The budget is prepared on a basis consistent with accounting principles generally accepted in the
United States of America, except for the classification and presentation of the distribution of excess
court revenue to the State for the court services fund, which is treated as other financing use (transfer
out) for budgetary purposes and as an expenditure in the statement of revenues, expenditures, and
changes in fund balance in the court services fund. The annual budget serves as the legal
authorization for expenditures. Any subsequent amendments to the Board approved transfer must be
approved by the Board; amendments to the Clerk’s fee budget are at the discretion of the Clerk, and
any amendments that increase or decrease the court budget must be approved by the Corporation for
the court services fund. Budgetary changes within the court services fund not affecting the overall
budget are made at the discretion of the Clerk.
Expenditures may not legally exceed appropriations at the fund level. Appropriations lapse at year-
end. Budgetary control is maintained at the departmental major object expenditure level. Budgetary
changes within major object expenditure categories are made at the discretion of the Clerk.
The original budget is the first complete appropriated budget. The final budget is the original budget
adjusted by all reserves, transfers, allocations, supplemental appropriations, and other legally
authorized changes applicable to the fiscal year.
3. Cash and Cash Equivalents
At September 30, 2018, the carrying value of the Clerk’s cash and cash equivalents was as follows:
Carrying
Type Maturity Value Credit Rating
Cash on hand N/A 7,900$ N/A
Demand deposits N/A 31,334,339 N/A
Total cash and cash equivalents 31,342,239$
The Clerk maintains a cash pool for the deposits of all governmental and agency funds. Each fund
type’s portion of these balances is presented as cash and cash equivalents in the accompanying
financial statements. Interest income is allocated to each fund based on its proportionate balance in
the pool.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
16
3. Cash and Cash Equivalents (continued)
Cash and cash equivalents as of September 30, 2018 are reported as $8,370,744 and $22,971,495 in
the governmental funds and fiduciary funds, respectively.
Custodial Credit Risk
At September 30, 2018, the Clerk’s deposits were entirely covered by Federal Depository Insurance
or by collateral pledged with the State Treasurer pursuant to Chapter 280, Florida Statutes. Under
this Chapter, in the event of default by a participating financial institution (a qualified public
depository), all participating institutions are obligated to reimburse the governmental entity for the
loss.
Credit Risk
The Clerk’s policy is to follow the guidance in Section 219.075, Florida Statutes, regarding the
deposit of funds received and the investment of surplus funds. Sections 219.075 and 218.415,
Florida Statutes, authorize the Clerk to invest in Florida PRIME or any intergovernmental
investment pool authorized pursuant to the Florida Inter-local Cooperation Act; Securities and
Exchange Commission registered money market funds with the highest credit quality rating from a
nationally recognized rating agency; direct obligations of the United States Treasury, federal
agencies and instrumentalities, or interest-bearing time deposits or savings accounts in banks
organized under the laws of the United States and doing business and situated in the State of Florida,
savings and loan associations which are under state supervision, or in federal savings and loan
associations located in the State of Florida and organized under federal law and federal supervision,
provided that any such deposits are secured by collateral as may be prescribed by law. Additionally,
Florida Statutes allow local governments to place public funds with institutions that participate in a
collateral pool under the Florida Security for Public Deposits Act. The pool is administered by the
State Treasurer, who may make additional assessments to ensure that no public funds will be lost.
Interest Rate Risk
Investment of Clerk’s funds is based on maintaining 24 hour liquidity. All Clerks funds are held in
local banks or short term investment instruments.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
17
4. Interest Income and Investment of County Funds
Pursuant to Florida Statutes, Section 28.33, the Clerk invests all County funds in excess of those
required to meet expenses. Interest income is allocated to each fund based on its proportionate
balance in the pool. Interest income of $66,775 is reported in the general fund for the year ended
September 30, 2018, as the portion of interest earned on Clerk funds.
5. Capital Assets
Capital assets used by the governmental fund type operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Clerk. Upon
acquisition, such assets are recorded as expenditures in the governmental funds of the Clerk and are
capitalized at cost in the basic financial statements of Collier County, Florida. Capital assets are
valued at historical cost or estimated historical cost if actual historical cost is not available. Donated
capital assets are valued at acquisition value on the date received.
The Clerk maintains custodial responsibility for capital assets used by the office. No depreciation
expense has been provided on capital assets in these financial statements. However, depreciation
expense on these assets is recorded in the basic financial statements of Collier County, Florida.
The following is a summary of changes in capital assets, which are reported in the basic financial
statements of Collier County, Florida:
October 1, Transfer- September 30,
2017 Additions Deductions out 2018
Capital assets depreciated:
Machinery and equipment 7,052,760$ 386,830$ (13,286)$ (984,955)$ 6,441,349$
Less accumulated depreciation (5,399,387) (731,618) 13,286 974,463 (5,143,256)
Total capital assets depreciated 1,653,373 (344,788) - (10,492) 1,298,093
Total capital assets, net 1,653,373$ (344,788)$ -$ (10,492)$ 1,298,093$
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
18
6. Long-Term Liabilities
The following is a summary of changes in long-term liabilities which are reported in the basic
financial statements of Collier County, Florida:
October 1, September 30,
2017 Additions Deletions 2018
Accrued compensated absences 1,842,997$ 869,452$ (895,033)$ 1,817,416$
Of these liabilities, $890,534 is expected to be paid during the fiscal year ending September 30,
2019. These long-term liabilities are not reported in the financial statements of the Clerk since they
have not matured.
7. Pension Plans
Background
The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a
defined benefit pension plan for participating public employees. The FRS was amended in 1998 to
add the Deferred Retirement Option Program under the defined benefit plan and amended in 2000 to
provide a defined contribution plan alternative to the defined benefit plan for FRS members effective
July 1, 2002. This integrated defined contribution pension plan is the FRS Investment Plan.
Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS) Program, a
cost-sharing multiple-employer defined benefit pension plan, to assist retired members of any State-
administered retirement system in paying the costs of health insurance.
Essentially all regular employees of the Clerk are eligible to enroll as members of the State-
administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122, Florida
Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and FRS Rules,
Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits are
defined and described in detail. Such provisions may be amended at any time by further action from
the Florida Legislature. The FRS is a single retirement system administered by the Florida
Department of Management Services, Division of Retirement, and consists of the two cost-sharing,
multiple-employer defined benefit plans and other nonintegrated programs. A comprehensive annual
financial report of the FRS, which includes its financial statements, required supplementary
information, actuarial report, and other relevant information, is available from the Florida
Department of Management Services’ Web site (www.dms.myflorida.com).
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
19
7. Pension Plans (continued)
Florida Retirement System Pension Plan
Plan Description
The Florida Retirement System Pension Plan (FRS Plan) is a cost-sharing multiple-employer defined
benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible employees.
The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other classes.
Elected County Officers Class – Members who hold specified elective offices in local
government.
Senior Management Service Class (SMSC) – Members in senior management level positions.
Special Risk Class – Members who are special risk employees, such as law enforcement
officers, meet the criteria to qualify for this class.
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and
employees enrolled in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable service. All
vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at age 62
or at any age after 30 years of service, except for members classified as special risk who are eligible
for normal retirement benefits at age 55 or at any age after 25 years of service. All members enrolled
in the FRS Plan on or after July 1, 2011, once vested, are eligible for normal retirement benefits at
age 65 or any time after 33 years of creditable service, except for members classified as special risk
who are eligible for normal retirement benefits at age 60 or at any age after 30 years of service.
Employees enrolled in the FRS Plan may include up to 4 years of credit for military service toward
creditable service. The FRS Plan also includes an early retirement provision; however, there is a
benefit reduction for each year a member retires before his or her normal retirement date. The FRS
Plan provides retirement, disability, death benefits, and annual cost-of-living adjustments to eligible
participants.
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for
normal retirement under the FRS Plan to defer receipt of monthly benefit payments while continuing
employment with an FRS participating employer. An employee may participate in DROP for a
period not to exceed 60 months after electing to participate, except that certain instructional
personnel may participate for up to 96 months. During the period of DROP participation, deferred
monthly benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does
not include amounts for DROP participants, as these members are considered retired and are not
accruing additional pension benefits.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
20
7. Pension Plans (continued)
Benefits Provided
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final
compensation, and service credit. Credit for each year of service is expressed as a percentage of the
average final compensation. For members initially enrolled before July 1, 2011, the average final
compensation is the average of the 5 highest fiscal years’ earnings; for members initially enrolled on
or after July 1, 2011, the average final compensation is the average of the 8 highest fiscal years’
earnings. The total percentage value of the benefit received is determined by calculating the total
value of all service, which is based on the retirement class to which the member belonged when the
service credit was earned. Members are eligible for in-line-of-duty or regular disability and
survivors’ benefits.
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS
before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-living
adjustment is 3% per year. If the member is initially enrolled before July 1, 2011, and has service
credit on or after July 1, 2011, there is an individually calculated cost-of-living adjustment. The
annual cost-of-living adjustment is a proportion of 3% determined by dividing the sum of the pre-
July 2011 service credit by the total service credit at retirement multiplied by 3%. FRS Plan members
initially enrolled on or after July 1, 2011, will not have a cost-of-living adjustment after retirement.
Detailed information about the County’s proportionate share of FRS’s net pension liability, deferred
outflows/inflows of resources, and pension expense are reported in the government-wide statements
of the County.
Retiree Health Insurance Subsidy Program
Plan Description
The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost-sharing multiple-employer
defined benefit pension plan established under Section 112.363, Florida Statutes, and may be
amended by the Florida Legislature at any time. The benefit is a monthly payment to assist retirees of
State-administered retirement systems in paying their health insurance costs and is administered by
the Florida Department of Management Services, Division of Retirement.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
21
7. Pension Plans (continued)
Benefits Provided
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly HIS
payment of $5 for each year of creditable service completed at the time of retirement, with a
minimum HIS payment of $30 and a maximum HIS payment of $150 per month, pursuant to
Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a
State-administered retirement system must provide proof of health insurance coverage, which may
include Medicare.
Detailed information about the County’s proportionate share of HIS’s net pension liability, deferred
outflows/inflows of resources, and pension expense are reported in the government-wide statements
of the County.
FRS Investment Plan
The Florida State Board of Administration (SBA) administers the defined contribution plan officially
titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the SBA’s
annual financial statements and in the State of Florida Comprehensive Annual Financial Report.
As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate in
the Investment Plan in lieu of the FRS defined benefit plan. Clerk employees participating in DROP
are not eligible to participate in the Investment Plan. Employer and employee contributions,
including amounts contributed to individual member’s accounts, are defined by law, but the ultimate
benefit depends in part on the performance of investment funds. Benefit terms, including contribution
requirements, for the Investment Plan are established and may be amended by the Florida
Legislature. The Investment Plan is funded with the same employer and employee contribution rates
that are based on salary and membership class (Regular Class, Elected County Officers, etc.), as the
FRS defined benefit plan. Contributions are directed to individual member accounts, and the
individual members allocate contributions and account balances among various approved investment
choices. Costs of administering the plan, including the FRS Financial Guidance Program, are funded
through an employer contribution of 0.06% of payroll and by forfeited benefits of plan members.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
22
7. Pension Plans (continued)
FRS Investment Plan (continued)
For all membership classes, employees are immediately vested in their own contributions and are
vested after 1 year of service for employer contributions and investment earnings. If an accumulated
benefit obligation for service credit originally earned under the FRS Pension Plan is transferred to the
Investment Plan, the member must have the years of service required for FRS Pension Plan vesting
(including the service credit represented by the transferred funds) to be vested for these funds and the
earnings on the funds. Non-vested employer contributions are placed in a suspense account for up to
5 years. If the employee returns to FRS-covered employment within the 5-year period, the employee
will regain control over their account. If the employee does not return within the 5-year period, the
employee will forfeit the accumulated account balance. For the fiscal year ended June 30, 2018, the
information for the amount of forfeitures was unavailable from the SBA; however, management
believes that these amounts, if any, would be immaterial to the Clerk.
After termination and applying to receive benefits, the member may rollover vested funds to another
qualified plan, structure a periodic payment under the Investment Plan, receive a lump-sum
distribution, leave the funds invested for future distribution, or any combination of these options.
Disability coverage is provided; the member may either transfer the account balance to the FRS
Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits
under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account balance for
retirement income.
Contributions
Participating employer contributions are based upon statewide rates established by the State of
Florida. The Clerk’s contributions made to the plans during the years ended September 30, 2018,
2017, and 2016 were $877,162, $802,245, and $750,024, respectively, equal to the actuarially
determined contribution requirements for each year.
Additional information about pension plans can be found in the Collier County comprehensive
annual financial report or County-wide financial statements.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
23
8. Related Party Transactions
At September 30, 2018, the Clerk had a receivable due from the Board totaling $5,516. The Board
provided funding for the Clerk in the amount of $6,823,000. The Supervisor of Elections provided
funding in the amount of a $47,000 fee for financial services performed by the Clerk. At
September 30, 2018, the Clerk had a payable due to the Board of $918,820, comprised as follows:
Distribution of excess fees 620,827$
Amounts due for various services 2,603
Agency funds due 295,390
Total due to Board of County Commissioners 918,820$
9. Risk Management
Collier County, Florida (County) is exposed to various risks of loss, including, but not limited to,
general liability, health and life, property and casualty, auto and physical damage, and workers’
compensation. The County is substantially self-insured and accounts for and finances its risk of
uninsured losses through an internal service fund. All liabilities associated with these self-insured
risks are reported in the basic financial statements of the County. During the year ended
September 30, 2018, the Clerk was charged $2,288,607 by the County for participation in the risk
management program.
The County retains the first $500,000 per claim for workers’ compensation, and has purchased
outside excess coverage for up to the statutory limits for each injury and illness. The County also
provides coverage for up to $500,000 per occurrence for general liability and $300,000 per
occurrence for auto liability coverage and has purchased outside excess coverage for up to $5 million
per claim. Negligence claims in excess of the statutory limits set in Section 768.28, Florida Statutes,
which provide for limited sovereign immunity of $200,000/$300,000 per occurrence can only be
recovered through an act of the State Legislature. Property claims are subject to a 5% wind
deductible and a $50,000 deductible for all other perils. The County retains the first $100,000 per
claim/$200,000 per occurrence for public official errors and omissions and crime coverage and has
purchased outside excess coverage for up to $5 million per claim. There have been no significant
reductions in insurance coverage in the last year. Settled claims have not exceeded the insurance
provided by third party carriers in any of the last three years.
The County is self-insured for health claims covering all of its employees and their eligible
dependents. The County retains the first $450,000 per covered member and has purchased outside
excess coverage for all claims exceeding this amount. An actuarial valuation is performed each year
to estimate the amounts needed to pay prior and future claims and to establish reserves.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2018
24
10. Other Postemployment Healthcare Benefits (OPEB) Plan
In accordance with Section 112.0801, Florida Statutes, the Clerk participates with Collier County in
offering retiring employees the opportunity to continue participation in the County’s health insurance
plan. The participating retirees pay 100% of the premium cost applicable to an active employee. The
liability and expense for other postemployment benefits, calculated in accordance with Governmental
Accounting Standards Board Statement No. 75 Accounting and Financial Reporting for
Postemployment Benefits Other Than Pensions, are reported in the financial statements of the
County.
11. Claims and Contingencies
Litigation
The Clerk is routinely involved as defendant, plaintiff and as a “party in interest” in carrying out its
statutorily and constitutionally assigned tasks. During the year ended September 30, 2018, the Clerk
was involved in approximately 111,826 collection cases. These are court actions designed to collect
fees and costs imposed by the courts in criminal cases. The Clerk was involved in 3,237 bond
forfeiture actions. Those cases involve collecting forfeitures of criminal appearance bonds. There are
8 active actions for foreclosure of property in which the Clerk has been a named defendant.
The Clerk has no other pending litigation.
Collier County, Florida
Clerk of the Circuit Court
Combining Statements of Fiduciary Net Position
All Agency Funds
September 30, 2018
25
Jury and
Clerk’s Court Ordinary
Agency Registry Witness Total
Assets
Cash and cash equivalents 4,719,911$ 18,240,163$ 11,421$ 22,971,495$
Total assets 4,719,911$ 18,240,163$ 11,421$ 22,971,495$
Liabilities
Due to Collier County, Florida
Board of County Commissioners 295,390$ -$ -$ 295,390$
Due to other governments 788,459 - 11,421 799,880
Deposits 3,636,062 18,240,163 - 21,876,225
Total liabilities 4,719,911$ 18,240,163$ 11,421$ 22,971,495$
26
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States
of America and the standards applicable to financial audits contained in Government Auditing
Standards issued by the Comptroller General of the United States, the financial statements of each
major fund and the aggregate remaining fund information of the Collier County, Florida Clerk of the
Circuit Court (Clerk), as of and for the year ended September 30, 2018, and the related notes to the
financial statements, which collectively comprise the Clerk’s basic financial statements, and have
issued our report thereon dated January 3, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Clerk's internal
control over financial reporting (internal control) to determine the audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of the Clerk’s
internal control. Accordingly, we do not express an opinion on the effectiveness of the Clerk’s
internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a
material misstatement of the entity’s financial statements will not be prevented, or detected and
corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies,
in internal control that is less severe than a material weakness yet important enough to merit attention
by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify
any deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
27
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Clerk’s financial statements are free
from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the determination of financial statement amounts. However, providing an opinion
on compliance with those provisions was not an objective of our audit, and accordingly, we do not
express such an opinion. The results of our tests disclosed no instances of noncompliance or other
matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
January 3, 2019
28
MANAGEMENT LETTER
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the Collier County, Florida Clerk of the Circuit Court
(Clerk), as of and for the fiscal year ended September 30, 2018 and have issued our report thereon
dated January 3, 2019.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the
Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors’ Report on Internal Control over Financial Reporting and
on Compliance and Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards and Independent Accountants’ Report on an
examination conducted in accordance with AICPA Professional Standards, AT-C Section 315,
regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor
General. Disclosures in those reports, which are dated January 3, 2019, should be considered in
conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not
corrective actions have been taken to address findings and recommendations made in the preceding
annual financial audit report. There were no findings or recommendations made in the preceding annual
financial audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal
authority for the primary government and each component unit of the reporting entity be disclosed in
this management letter, unless disclosed in the notes to the financial statements. See Note 1 in the
notes to the financial statements.
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
29
Financial Management
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any
recommendations to improve financial management. In connection with our audit, we did not have
any such recommendations.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance
with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have
occurred, that have an effect on the financial statements that is less than material but which warrants
the attention of those charged with governance. In connection with our audit, we did not note any
such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing
Committee, members of the Florida Senate and the Florida House of Representatives, the Florida
Auditor General, Federal and other granting agencies, the Clerk and applicable management, and is
not intended to be, and should not be used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 3, 2019
30
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Crystal K. Kinzel
Clerk of the Circuit Court
Collier County, Florida
We have examined the Collier County, Florida Clerk of the Circuit Court’s (Clerk) compliance with
Section 218.415, Florida Statutes, regarding the investment of public funds; Section 61.181, Florida
Statutes, regarding clerks of the courts alimony and child support payments; and Sections 28.35 and
28.36, Florida Statutes, regarding clerks of the courts performance standards and budgets, during the
year ended September 30, 2018. Management of the Clerk is responsible for the Clerk’s compliance
with the specified requirements. Our responsibility is to express an opinion on the Clerk’s
compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants. Those standards require that we plan and
perform the examination to obtain reasonable assurance about whether the Clerk complied, in all
material respects, with the specified requirements referenced above. An examination involves
performing procedures to obtain evidence about whether the Clerk complied with the specified
requirements. The nature, timing, and extent of the procedures selected depend on our judgement,
including an assessment of the risks of material noncompliance, whether due to fraud or error. We
believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for
our opinion.
Our examination does not provide a legal determination on the Clerk’s compliance with specified
requirements.
In our opinion, the Clerk complied, in all material respects, with Section 218.415, Florida Statutes,
regarding the investment of public funds; Section 61.181, Florida Statutes, regarding clerks of the
courts alimony and child support payments; and Sections 28.35 and 28.36, Florida Statutes,
regarding clerks of the courts performance standards and budgets during the year ended
September 30, 2018.
This report is intended solely for the information and use of the Clerk and the Auditor General, State
of Florida and is not intended to be, and should not be, used by anyone other than these specified
parties.
CliftonLarsonAllen LLP
Naples, Florida
January 3, 2019
Collier County, Florida
Property Appraiser
Financial Statements and
Supplemental Reports
Year Ended September 30, 2018
Collier County, Florida
Property Appraiser
Financial Statements and Other Reports
Year Ended September 30, 2018
Contents
Independent Auditors’ Report ..........................................................................................................1
Financial Statements
Balance Sheet – General Fund ......................................................................................................3
Statement of Revenues, Expenditures, and Changes in Fund
Balance – General Fund .............................................................................................................4
Statement of Revenues, Expenditures, and Changes in Fund
Balance – Budget (Non-GAAP) and Actual – General Fund ....................................................5
Notes to Financial Statements .......................................................................................................6
Other Reports
Independent Auditors’ Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards ................................................................20
Management Letter ........................................................................................................................22
Independent Accountants’ Report ..................................................................................................25
1
INDEPENDENT AUDITORS’ REPORT
Honorable Abe Skinner
Property Appraiser
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of the general fund of the Collier County, Florida
Property Appraiser (Property Appraiser), as of and for the year ended September 30, 2018, and the related
notes to the financial statements, which collectively comprise the Property Appraiser’s financial statements as
listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation and maintenance of internal control relevant to the preparation and fair presentation of
financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our
audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Honorable Abe Skinner
Property Appraiser
2
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of the general fund of the Property Appraiser as of September 30, 2018, and the changes in financial
position and budgetary comparison of its general fund for the year then ended in accordance with accounting
principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the financial statements referred to above were prepared
solely for the purpose of complying with the Rules of the Auditor General of the State of Florida. In conformity
with the Rules, the accompanying financial statements are intended to present the financial position and
changes in financial position of each major fund, only for that portion of the major funds of Collier County,
Florida that is attributable to the Property Appraiser. They do not purport to, and do not, present fairly the
financial position of Collier County, Florida as of September 30, 2018, and the changes in its financial position
for the fiscal year then ended in conformity with accounting principles generally accepted in the United States
of America. Our opinion is not modified with respect to these matters.
Other Matters
Required Supplementary Information
Management has omitted management’s discussion and analysis that accounting principles generally accepted
in the United States of America require to be presented to supplement the basic financial statements. Such
missing information, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic
financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 21, 2019 on
our consideration of the Property Appraiser’s internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is solely to describe the scope of our testing of internal control over financial
reporting and compliance and the result of that testing, and not to provide an opinion on the effectiveness of the
Property Appraiser’s internal control over financial reporting or on compliance. That report is an integral part
of an audit performed in accordance with Government Auditing Standards in considering the Property
Appraiser’s internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
January 21, 2019
Collier County, Florida
Property Appraiser
Balance Sheet – General Fund
September 30, 2018
See accompanying Notes to Financial Statements.
3
Assets
Cash and cash equivalents 1,345,908$
Total assets 1,345,908$
Liabilities and fund balance
Liabilities:
Accounts payable and accrued expenses 64,000$
Due to Collier County, Florida Board of
County Commissioners 724,199
Due to other taxing districts 557,709
Total liabilities 1,345,908
Fund balance -
Total liabilities and fund balance 1,345,908$
Collier County, Florida
Property Appraiser
Statement of Revenues, Expenditures, and
Changes in Fund Balance
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
4
Revenues:
Commissions and fees 8,467,278$
Interest 7,253
Miscellaneous 9,764
Total revenues 8,484,295
Expenditures:
General government:
Personal services 5,625,749
Operating 1,530,825
Capital outlay 45,813
Total expenditures 7,202,387
Excess of revenues over expenditures 1,281,908
Other financing uses:
Distribution of excess fees and commissions to Collier County, Florida
Board of County Commissioners (724,199)
Distribution of excess fees and commissions to other
governmental agencies (557,709)
Total other financing uses (1,281,908)
Net change in fund balance -
Fund balance, beginning of year -
Fund balance, end of year -$
Collier County, Florida
Property Appraiser
Statement of Revenues, Expenditures, and
Changes in Fund Balance – Budget (Non-GAAP) and Actual
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
5
Variance With
Final Budget
Positive
Original Final Actual (Negative)
Revenues:
Commissions and fees 7,382,669$ 7,500,018$ 7,500,018$ -$
Interest Revenue - - 7,253 7,253
Miscellaneous - - 9,764 9,764
Total revenues 7,382,669 7,500,018 7,517,035 17,017
Expenditures:
General government:
Personal services 5,691,269 5,808,618 5,625,749 182,869
Operating 1,666,400 1,666,400 1,518,582 147,818
Capital outlay 25,000 25,000 - 25,000
Total expenditures 7,382,669 7,500,018 7,144,331 355,687
Excess of revenues over expenditures - - 372,704 372,704
Other financing uses:
Distribution of excess fees to
Collier County, Florida Board
of County Commissioners - - (335,950) (335,950)
Distribution of excess commissions
and fees to other governmental
agencies - - (36,754) (36,754)
Total other financing uses - - (372,704) (372,704)
Net change in fund balance - - - -
Fund balance, beginning of year - - - -
Fund balance, end of year -$ -$ -$ -$
Budget
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
6
1. Summary of Significant Accounting Policies
The following is a summary of significant accounting principles and policies used in the
preparation of the financial statements of the Collier County, Florida Property Appraiser (Property
Appraiser).
Reporting Entity
The Property Appraiser is an elected official of the County, pursuant to the Constitution of the
State of Florida, Article VIII, Section 1(d). The Property Appraiser is part of the primary
government of the County. Although the Board and the Florida Department of Revenue approve
the Property Appraiser’s total operating budget, the Property Appraiser is responsible for the
administration and the operation of the Property Appraiser’s office. The Property Appraiser’s
financial statements include only the funds of the Property Appraiser’s office. There are no
separate legal entities (component units) for which the Property Appraiser is considered to be
financially accountable.
The financial activities of the Property Appraiser, as a constitutional officer, are included in the
Collier County, Florida Comprehensive Annual Financial Report.
Measurement Focus, Basis of Accounting, and Basis of Presentation
These financial statements have been prepared for the purpose of complying with Section
218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor General – Local
Governmental Entity Audits, which allows the Property Appraiser to only present fund financial
statements. These financial statements present only the portion of the funds of Collier County,
Florida that are attributable to the Property Appraiser. They are not intended to present fairly the
financial position and results of operations of Collier County, Florida in conformity with
accounting principles generally accepted in the United States of America. The financial activities
of the Property Appraiser, as a constitutional officer, are included in the Collier County, Florida
Comprehensive Annual Financial Report.
These fund financial statements report detailed information about the Property Appraiser. The
focus of governmental fund financial statements is on major funds rather than reporting funds by
type. Each major fund is reported in a separate column.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
7
1. Summary of Significant Accounting Policies (continued)
Governmental Funds
Governmental funds are accounted for using the flow of current financial resources measurement
focus. Only current assets and current liabilities, generally, are included on the balance sheet.
Operating statements for these funds present increases (i.e., revenues and other financing sources)
and decreases (i.e., expenditures and other financing uses) in net current assets. The Property
Appraiser’s only governmental fund is the general fund. The general fund is used to account for the
general operations of the Property Appraiser and includes all transactions not accounted for in
another fund.
The modified accrual basis of accounting is used by governmental funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become measurable and available to finance liabilities of the current fiscal year). For this purpose,
the Property Appraiser considers revenues to be available if they are collected within 60 days after
year-end. Expenditures are recorded when the related fund liability is incurred, except for certain
compensated absences, which are recognized as expenditures to the extent they have matured.
Interest revenue and miscellaneous revenue are recognized as they are earned and become
measurable and available to pay liabilities of the current period.
Substantially all of the Property Appraiser’s revenue is received from taxing authorities. These
monies are virtually unrestricted and are revocable only for failure to comply with prescribed
compliance requirements. These resources are reflected as revenue at the time of receipt; earlier if
the “susceptible to accrual” criteria are met.
Florida Statutes provide that the amount by which revenues exceed annual expenditures be
remitted to each governmental agency or the Board immediately following the fiscal year for
which the funding was provided or following the fiscal year during which other revenue was
recognized.
Capital outlays expended in the general fund operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Property
Appraiser.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
8
1. Summary of Significant Accounting Policies (continued)
Refund of “Excess Fees”
Florida Statutes further provide that the excess of revenues over expenditures held by the Property
Appraiser be distributed to each governmental agency or the Board in the same proportion as the
fees paid by each governmental agency bear to total fee revenues. The amount of this distribution
is recorded as a liability and as an other financing use-transfer out in the accompanying financial
statements.
Cash and Cash Equivalents
Cash and cash equivalents are highly liquid investments with original maturities of three months
or less.
Compensated Absences
All full-time employees of the Property Appraiser are allowed to accumulate an unlimited number
of hours of unused sick leave and up to 200 hours of unused vacation leave. Upon termination,
employees receive 100% of allowable accumulated vacation hours and a percentage of unused sick
leave, depending on years of service, not to exceed 1,040 hours. Vacation and sick leave payments
are included in operating costs of the general fund when the payments are made to the employees.
The Property Appraiser does not, nor is legally required to, accumulate financial resources for
these unmatured obligations. Accordingly, the liability for compensated absences is not reported
in the general fund of the Property Appraiser, but rather is reported in the basic financial
statements of Collier County, Florida.
Prepaid Expenses
The Property Appraiser has elected to follow GASB Codification 1600.127 Other Expenditure
Recognition Alternatives and expends maintenance costs as they are incurred and does not allocate
the cost between periods.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
9
1. Summary of Significant Accounting Policies (continued)
Use of Estimates
The preparation of the financial statements requires management of the Property Appraiser to
make a number of estimates and assumptions relating to the reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenditures during the period. Actual
results could differ from those estimates.
2. Budgetary Process
Florida Statutes govern the preparation, adoption, and administration of the Property Appraiser’s
annual budget. The Property Appraiser prepares a budget for the general fund and submits it to the
Florida Department of Revenue for approval. A copy of the approved budget is provided to the
Board. Any subsequent amendments to the Property Appraiser’s total budget must be approved by
the Florida Department of Revenue. The annual budget serves as the legal authorization for
expenditures. Expenditures may not legally exceed appropriations at the fund level.
Appropriations lapse at year-end. Budget control is maintained at the departmental major object
expenditure level. Budgetary changes within major object expenditure categories are made at the
discretion of the Property Appraiser.
The original budget is the first complete appropriated budget. The final budget is the original
budget adjusted by all reserves, transfers, allocations, supplemental appropriations, and other
legally authorized changes applicable to the fiscal year, whenever legally authorized.
The Property Appraiser’s budget is prepared under a budgetary basis of accounting that differs
from generally accepted accounting principles (GAAP). Certain revenues received from non-ad
valorem commissions and other sources are not recognized under the budgetary basis of
accounting; however, the revenues have been recognized under GAAP.
The Property Appraiser’s budget is prepared under a budgetary basis of accounting that differs
from generally accepted accounting principles (GAAP). Certain revenues received from non-ad
valorem commissions and expenditures of such revenue are not recognized under the budgetary
basis of accounting; however, the revenues and related expenditures have been recognized under
GAAP.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
10
2. Budgetary Process (continued)
A reconciliation of revenues, expenditures, and other financing uses on a budgetary basis to a
GAAP is as follows:
Total revenues - budgetary basis 7,517,035$
Revenues not budgeted:
Non-ad valorem commissions are not budgeted 967,260
Total revenues - GAAP basis 8,484,295$
Total expenditures - budgetary basis 7,144,331$
Expenditures not budgeted:
Non-ad valorem related expenditures are not budgeted 58,056
Total expenditures - GAAP basis 7,202,387$
Total other financing uses - budgetary basis (372,704)$
Other financing uses not budgeted:
Distribution of non-ad valorem excess fees are not budgeted (909,204)
Total other financing uses - GAAP basis (1,281,908)$
3. Cash
At September 30, 2018, the carrying value of the Property Appraiser’s cash was as follows:
Carrying
Value
Cash on hand 125$
Demand deposits 1,345,783
Total cash 1,345,908$
Type
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
11
3. Cash (continued)
Custodial Credit Risk
At September 30, 2018, the Property Appraiser’s deposits were entirely covered by Federal
Depository Insurance or by collateral pledged with the State Treasurer pursuant to Chapter 280,
Florida Statutes. Under this Chapter, in the event of default by a participating financial institution
(a qualified public depository), all participating institutions are obligated to reimburse the
governmental entity for the loss.
Credit Risk
The Property Appraiser’s policy is to follow the guidance in Section 219.075, Florida Statutes,
regarding the deposit of funds received and the investment of surplus funds. Sections 219.075 and
218.415, Florida Statutes, authorize the Property Appraiser to invest in Florida PRIME (formerly
the Local Government Surplus Funds Trust Fund) or any intergovernmental investment pool
authorized pursuant to the Florida Interlocal Cooperation Act; Securities and Exchange
Commission registered money market funds with the highest credit quality rating from a nationally
recognized rating agency; direct obligations of the United States Treasury; federal agencies and
instrumentalities or interest-bearing time deposits or savings accounts in banks organized under
the laws of the United States and doing business and situated in the State of Florida, savings and
loan associations which are under state supervision; or in federal savings and loan associations
located in the State of Florida and organized under federal law and federal supervision, provided
that any such deposits are secured by collateral as may be prescribed by law.
Interest Rate Risk
The Property Appraiser has no specific investment policy regarding interest rate risk.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
12
4. Capital Assets
Capital assets used by the Property Appraiser are capitalized in the basic financial statements of
Collier County, Florida rather than in the governmental funds of the Property Appraiser. Upon
acquisition, such assets are recorded as expenditures in the general fund of the Property Appraiser,
and are capitalized at cost in the basic financial statements of Collier County, Florida. Capital
assets are valued at historical cost or estimated historical cost if actual historical cost is not
available. Donated capital assets are valued at acquisition value on the date received. The Property
Appraiser maintains custodial responsibility for the capital assets used by the office. No
depreciation expense has been provided on capital assets in these financial statements. However,
depreciation expense on these assets is recorded in the basic financial statements of Collier
County, Florida.
The following is a summary of changes in capital assets for the year ended September 30, 2018:
October 1, September 30,
2017 Additions Deductions 2018
Improvements other than buildings 15,332$ -$ -$ 15,332$
Machinery and equipment 1,513,629 45,813 - 1,559,442
Total capital assets 1,528,961 45,813 - 1,574,774
Less: accumulated depreciation (1,301,167) (79,353) - (1,380,520)
Total capital assets, net 227,794$ (33,540)$ -$ 194,254$
5. Long-Term Liabilities
The following is a summary of changes in long-term liabilities, which are reported in the basic
financial statements of Collier County, Florida:
October 1, September 30,
2017 Increase Decrease 2018
Accrued compensated absences 331,159$ 343,645$ (323,857)$ 350,947$
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
13
5. Long-Term Liabilities (continued)
Of these liabilities, approximately $150,000 is expected to be paid during the fiscal year ending
September 30, 2018, which will be included in the operating costs of the general fund when
expended. These long-term liabilities are not reported in the financial statements of the Property
Appraiser since they have not matured.
6. Pension Plans
Background
The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a
defined benefit pension plan for participating public employees. The FRS was amended in 1998 to
add the Deferred Retirement Option Program under the defined benefit plan and amended in 2000
to provide a defined contribution plan alternative to the defined benefit plan for FRS members
effective July 1, 2002. This integrated defined contribution pension plan is the FRS Investment
Plan. Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS)
Program, a cost-sharing multiple-employer defined benefit pension plan, to assist retired members
of any State-administered retirement system in paying the costs of health insurance.
Essentially all regular employees of the Property Appraiser are eligible to enroll as members of the
State-administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122,
Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and FRS
Rules, Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits
are defined and described in detail. Such provisions may be amended at any time by further action
from the Florida Legislature. The FRS is a single retirement system administered by the Florida
Department of Management Services, Division of Retirement, and consists of the two
cost-sharing, multiple-employer defined benefit plans and other nonintegrated programs. A
comprehensive annual financial report of the FRS, which includes its financial statements,
required supplementary information, actuarial report, and other relevant information, is available
from the Florida Department of Management Services’ Web site (www.dms.myflorida.com).
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
14
6. Pension Plans (continued)
Florida Retirement System Pension Plan
Plan Description
The Florida Retirement System Pension Plan (FRS Plan) is a cost-sharing multiple-employer
defined benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible
employees. The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other
classes.
Elected County Officers Class – Members who hold specified elective offices in local
government.
Senior Management Service Class (SMSC) – Members in senior management level
positions.
Special Risk Class – Members who are special risk employees, such as law enforcement
officers, meet the criteria to qualify for this class.
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and
employees enrolled in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable service.
All vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at
age 62, or at any age after 30 years of service, except for members classified as special risk who are
eligible for normal retirement benefits at age 55 or at any age after 25 years of service. All
members enrolled in the FRS Plan on or after July 1, 2011, once vested, are eligible for normal
retirement benefits at age 65 or any time after 33 years of creditable service, except for members
classified as special risk who are eligible for normal retirement benefits at age 60 or at any age
after 30 years of service. Employees enrolled in the FRS Plan may include up to 4 years of credit
for military service toward creditable service. The FRS Plan also includes an early retirement
provision; however, there is a benefit reduction for each year a member retires before his or her
normal retirement date. The FRS Plan provides retirement, disability, death benefits, and annual
cost-of-living adjustments to eligible participants.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
15
6. Pension Plans (continued)
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for
normal retirement under the FRS Plan to defer receipt of monthly benefit payments while
continuing employment with an FRS participating employer. An employee may participate in
DROP for a period not to exceed 60 months after electing to participate, except that certain
instructional personnel may participate for up to 96 months. During the period of DROP
participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The
net pension liability does not include amounts for DROP participants, as these members are
considered retired and are not accruing additional pension benefits.
Benefits Provided
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final
compensation, and service credit. Credit for each year of service is expressed as a percentage of the
average final compensation. For members initially enrolled before July 1, 2011, the average final
compensation is the average of the 5 highest fiscal years’ earnings; for members initially enrolled
on or after July 1, 2011, the average final compensation is the average of the 8 highest fiscal years’
earnings. The total percentage value of the benefit received is determined by calculating the total
value of all service, which is based on the retirement class to which the member belonged when the
service credit was earned. Members are eligible for in-line-of-duty or regular disability and
survivors’ benefits.
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS
before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual
cost-of-living adjustment is 3 percent per year. If the member is initially enrolled before July 1,
2011, and has service credit on or after July 1, 2011, there is an individually calculated
cost-of-living adjustment. The annual cost-of-living adjustment is a proportion of 3 percent
determined by dividing the sum of the pre-July 2011 service credit by the total service credit at
retirement multiplied by 3 percent. FRS Plan members initially enrolled on or after July 1, 2011,
will not have a cost-of-living adjustment after retirement.
Detailed information about the County’s proportionate share of FRS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-wide
statements of the County.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
16
6. Pension Plans (continued)
Retiree Health Insurance Subsidy Program
Plan Description
The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost-sharing multiple-employer
defined benefit pension plan established under Section 112.363, Florida Statutes, and may be
amended by the Florida Legislature at any time. The benefit is a monthly payment to assist retirees
of State-administered retirement systems in paying their health insurance costs and is administered
by the Florida Department of Management Services, Division of Retirement.
Benefits Provided
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly HIS
payment of $5 for each year of creditable service completed at the time of retirement, with a
minimum HIS payment of $30 and a maximum HIS payment of $150 per month, pursuant to
Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a
State-administered retirement system must provide proof of health insurance coverage, which may
include Medicare.
Detailed information about the County’s proportionate share of HIS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-wide
statements of the County.
FRS Investment Plan
The Florida State Board of Administration (SBA) administers the defined contribution plan
officially titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the
SBA’s annual financial statements and in the State of Florida Comprehensive Annual Financial
Report.
As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate
in the Investment Plan in lieu of the FRS defined benefit plan. Property Appraiser employees
participating in DROP are not eligible to participate in the Investment Plan. Employer and
employee contributions, including amounts contributed to individual member’s accounts, are
defined by law, but the ultimate benefit depends in part on the performance of investment funds.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
17
6. Pension Plans (continued)
Benefit terms, including contribution requirements, for the Investment Plan are established and
may be amended by the Florida Legislature. The Investment Plan is funded with the same
employer and employee contribution rates that are based on salary and membership class (Regular
Class, Elected County Officers, etc.), as the FRS defined benefit plan. Contributions are directed to
individual member accounts, and the individual members allocate contributions and account
balances among various approved investment choices. Costs of administering plan, including the
FRS Financial Guidance Program, are funded through an employer contribution of 0.06 percent of
payroll and by forfeited benefits of plan members.
For all membership classes, employees are immediately vested in their own contributions and are
vested after 1 year of service for employer contributions and investment earnings. If an
accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is
transferred to the Investment Plan, the member must have the years of service required for FRS
Pension Plan vesting (including the service credit represented by the transferred funds) to be
vested for these funds and the earnings on the funds. Non-vested employer contributions are
placed in a suspense account for up to 5 years. If the employee returns to FRS-covered
employment within the 5-year period, the employee will regain control over their account. If the
employee does not return within the 5-year period, the employee will forfeit the accumulated
account balance. For the fiscal year ended June 30, 2018, the information for the amount of
forfeitures was unavailable from the SBA; however, management believes that these amounts, if
any, would be immaterial to the Property Appraiser.
After termination and applying to receive benefits, the member may rollover vested funds to
another qualified plan, structure a periodic payment under the Investment Plan, receive a
lump-sum distribution, leave the funds invested for future distribution, or any combination of these
options. Disability coverage is provided; the member may either transfer the account balance to the
FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly
benefits under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account
balance for retirement income.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
18
6. Pension Plans (continued)
Contributions
The contribution requirements of the Property Appraiser are established and may be amended by
the State of Florida. The Property Appraiser’s employer contributions to the plan for the years
ended September 30, 2018, 2017, and 2016, were $472,786, $409,812, and $451,635,
respectively, equal to the required contributions for each year.
Additional information about pension plans can be found in the County’s comprehensive annual
financial report or County-wide financial statements.
7. Other Postemployment Benefits
In accordance with Section 112.0801, Florida Statutes, the Property Appraiser participates with
Collier County in offering retiring employees the opportunity to continue participation in the
County’s health insurance plan. The participating retirees pay 100% of the premium cost
applicable to an active employee. The liability and expense for other postemployment benefits,
calculated in accordance with Governmental Accounting Standards Board Statement No. 75,
Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, are
reported in the financial statements of the County.
8. Related-Party Transactions
During the fiscal year ended September 30, 2018, the Board paid fees to the Property Appraiser
that amounted to $7,181,252. At September 30, 2018, the Property Appraiser had a payable due to
the Board as follows:
Distribution of excess commissions and fees 724,199$
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2018
19
9. Risk Management
Collier County, Florida (County) is exposed to various risks of loss including but not limited to,
general liability, health and life, property and casualty, auto and physical damage, and workers’
compensation. The County is substantially self-insured and accounts for and finances its risk of
uninsured losses through an internal service fund. All liabilities associated with these self-insured
risks are reported in the basic financial statements of the County. The Property Appraiser
participates in the County’s self-insurance program. During the year ended September 30, 2018,
the Property Appraiser was charged $1,062,126 by the County for participation in the risk
management program.
The County retains the first $500,000 per claim for workers’ compensation, and has purchased
outside excess coverage for up to the statutory limits for each injury or illness. The County also
provides coverage for up to $500,000 per occurrence for general liability and $300,000 per
occurrence for auto liability coverage and has purchased outside excess coverage for up to
$5 million per claim. Negligence claims in excess of the statutory limits set in Section 768.20,
Florida Statutes, which provide for limited sovereign immunity of $200,000/$300,000 per
occurrence can only be recovered through an act of the State Legislature. Property claims are
subject to a 5% wind deductible and a $50,000 deductible for all other perils. The County retains
the first $100,000 per claim/$200,000 per occurrence for public official errors and omissions and
crime coverage and has purchased outside excess coverage for up to $5 million per claim. There
have been no significant reductions in insurance coverage in the last year. Settled claims have not
exceeded the insurance provided by third party carriers in any of the last three years.
The County is self-insured for health claims covering all of its employees and their eligible
dependents. The County retains the first $450,000 per covered member and has purchased outside
excess coverage for all claims exceeding this amount. An actuarial valuation is performed each
year to estimate the amounts needed to pay prior and future claims and to establish reserves.
10. Commitments and Contingencies
Litigation
The Property Appraiser is involved as a defendant or plaintiff in certain litigation and claims
arising from the ordinary course of operations. In the opinion of the Property Appraiser and legal
counsel, the range of potential recoveries or liabilities will not materially affect the financial
position of the Property Appraiser.
20
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED
ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Honorable Abe Skinner
Property Appraiser
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States, the financial statements of the general fund of the Collier County,
Florida Property Appraiser (Property Appraiser), as of and for the year ended September 30, 2018, and the
related notes to the financial statements, which collectively comprise the Property Appraiser’s financial
statements, and have issued our report thereon dated January 21, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Property Appraiser’s
internal control over financial reporting (internal control) to determine the audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not
for the purpose of expressing an opinion on the effectiveness of the Property Appraiser’s internal control.
Accordingly, we do not express an opinion on the effectiveness of the Property Appraiser’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in
internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial
statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a
deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet
important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not
been identified. We did identify a deficiency in internal control described below as 2018-001 that we consider
to be a material weakness.
2018-001
Criteria: Management is responsible for establishing and maintaining internal controls to ensure that
transactions are properly recorded and reported in the financial statements in accordance with accounting
principles generally accepted in the United States of America.
Honorable Abe Skinner
Property Appraiser
21
Condition: Management did not make journal entries required for the financial statements to be correctly
stated. These entries were to record a payable for non-ad valorem excess fees distributed after year-end and to
correct fund balance.
Cause: Management neglected to make these journal entries.
Effect: The financial statements were misstated.
Recommendation: We recommend that detailed review of the financial statements be performed on a monthly
basis.
Management’s Response: Management will ensure that a thorough review of the financial statements occurs
and that all necessary journal entries are recorded.
Property Appraiser’s Response to Findings
The Property Appraiser’s response to the findings identified in our audit is described above. The Property
Appraiser’s response was not subjected to the auditing procedures applied in the audit of the financial
statements and, accordingly, we express no opinion on it.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Property Appraiser’s financial statements are free
from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of
our tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and
the result of that testing, and not to provide an opinion on the effectiveness of the Property Appraiser’s internal
control or on compliance. This report is an integral part of an audit performed in accordance with Government
Auditing Standards in considering the Property Appraiser’s internal control and compliance. Accordingly, this
communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
January 21, 2019
22
MANAGEMENT LETTER
Honorable Abe Skinner
Property Appraiser
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the general fund of the Collier County, Florida Property Appraiser
(Property Appraiser) as of and for the year ended September 30, 2018, and have issued our report thereon dated
January 21, 2019.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors’ Report on Internal Control over Financial Reporting and on
Compliance and Other Matters based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards and Independent Accountants’ Report on an examination conducted in
accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in
accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports which are dated
January 21, 2019 should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective
actions have been taken to address findings and recommendations made in the preceding annual financial audit
report. There were no findings and recommendations made in the preceding annual financial audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority
for the primary government and each component unit of the reporting entity be disclosed in this management
letter, unless disclosed in the notes to the financial statements. See Note 1 in the notes to financial statements.
Honorable Abe Skinner
Property Appraiser
23
Financial Management
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to
improve financial management. In connection with our audit, we made recommendations as listed in the
following schedule of findings and response.
The Property Appraiser’s response to the finding identified in our audit is described in the accompanying
schedule of findings and response. The Property Appraiser’s response was not subjected to auditing procedures
applied in the audit and, accordingly, we express no opinion on the response.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with
provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that
have an effect on the financial statements that is less than material but which warrants the attention of those
charged with governance. In connection with our audit, we did not have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing Committee,
members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal
and other granting agencies, and the Property Appraiser and applicable management, and is not intended to be,
and should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 21, 2019
COLLIER COUNTY, FLORIDA
PROPERTY APPRAISER
SCHEDULE OF FINDINGS AND RESPONSE
SEPTEMBER 30, 2018
24
2018-002 Allocation of non-ad valorem excess fees
Criteria: The allocation of non-ad valorem excess fees remitted to the non-ad valorem assessment districts
should be based on the percentage of non-ad valorem fees collected from each district as compared to the total
non-ad valorem assessments fees collected.
Condition: During the audit, we noted that the allocation of non-ad valorem excess fees calculated for each of
the non-ad valorem assessment districts was incorrect.
Cause: An incorrect tax roll recapitulation was used to determine the allocation of excess fees.
Effect: This error resulted in the non-ad valorem assessment districts receiving an incorrect amount of excess
fees.
Recommendation: We recommend that the calculation be thoroughly reviewed prior to the journal entry
being made and the credit given to the non-ad valorem assessment districts.
Management’s response: The allocation of the non-ad valorem excess fees will be corrected for next year’s
billing using the appropriate percentages.
25
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Abe Skinner
Property Appraiser
Collier County, Florida
We have examined the Collier County Property Appraiser, Collier County, Florida’s (Property Appraiser)
compliance with Section 218.415, Florida Statutes, regarding the investment of public funds during the year
ended September 30, 2018. Management of the Property Appraiser is responsible for the Property Appraiser’s
compliance with the specified requirements. Our responsibility is to express an opinion on the Property
Appraiser’s compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute
of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain
reasonable assurance about whether the Property Appraiser complied, in all material respects, with the
specified requirements referenced above. An examination involves performing procedures to obtain evidence
about whether the Property Appraiser complied with the specified requirements. The nature, timing, and extent
of the procedures selected depend on our judgment, including an assessment of the risks of material
noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and
appropriate to provide a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Property Appraiser’s compliance with specified
requirements.
In our opinion, the Property Appraiser complied, in all material respects, with Section 218.415, Florida
Statutes, regarding the investment of public funds during the year ended September 30, 2018.
This report is intended solely for the information and use of the Property Appraiser and the Auditor General,
State of Florida, and is not intended to be, and should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 21, 2019
Collier County, Florida
Sheriff
Financial Statements and
Supplemental Reports
Year Ended September 30, 2018
Collier County, Florida
Sheriff
Financial Statements and Other Reports
Year Ended September 30, 2018
Contents
Independent Auditors’ Report ..........................................................................................................1
Financial Statements
Balance Sheet – Governmental Funds .............................................................................................4
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Governmental Funds .....................................................................................................................5
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Budget (Non-GAAP) and Actual – General Fund ........................................................................6
Statement of Net Position – Internal Service Fund ..........................................................................7
Statement of Revenues, Expenses, and Changes in Net Position –
Internal Service Fund ....................................................................................................................8
Statement of Cash Flows – Internal Service Fund ...........................................................................9
Statement of Fiduciary Net Position – Agency Funds ...................................................................10
Notes to Financial Statements ........................................................................................................11
Required Supplementary Information
Schedule of Changes in Total OPEB Liability and Related Ratios ...............................................37
Combining Financial Information
Combining Statement of Fiduciary Net Position – Agency Funds ................................................38
Statement of Changes in Assets and Liabilities – Agency Funds ..................................................39
Honorable Kevin Rambosk
Sheriff
Contents (continued)
Other Reports
Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance With
Government Auditing Standards .................................................................................................40
Schedule of Findings and Responses .............................................................................................42
Management Letter ........................................................................................................................44
Independent Accountants’ Report ..................................................................................................46
Independent Accountants’ Report on Applying Agreed-Upon Procedures ...................................47
1
INDEPENDENT AUDITORS' REPORT
Honorable Kevin Rambosk
Sheriff
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of each major fund and the aggregate
remaining fund information of the Collier County, Florida Sheriff (Sheriff), as of and for the year ended
September 30, 2018, and the related notes to the financial statements, which collectively comprise the
Sheriff’s financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due to
fraud or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Honorable Kevin Rambosk
Sheriff
2
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of each major fund and the aggregate remaining fund information for the
Sheriff as of September 30, 2018, and the respective changes in financial position and, where
applicable, cash flows and budgetary comparison thereof for the year then ended in accordance with
accounting principles generally accepted in the United States of America.
Emphasis of Matters
As discussed in Note 1 to the financial statements, the financial statements referred to above were
prepared solely for the purpose of complying with the Rules of the Auditor General of the State of
Florida. In conformity with the Rules, the accompanying financial statements are intended to present
the financial position and changes in financial position of each major fund, and the aggregate remaining
fund information, only for that portion of the major funds, and the aggregate remaining fund
information, of Collier County that is attributable to the Sheriff. They do not purport to, and do not,
present fairly the financial position of Collier County as of September 30, 2018, and the changes in its
financial position for the fiscal year then ended in conformity with accounting principles generally
accepted in the United States of America. Our opinion is not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Schedule of
Changes in Total OPEB Liability and Related Ratios, as listed in the table of contents, be presented to
supplement the financial statements. Such information, although not a required part of the financial
statements, is required by the Governmental Accounting Standards Board who considers it to be an
essential part of financial reporting for placing the financial statements in an appropriate operational,
economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United
States of America, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management’s responses to our
inquiries, the financial statements, and other knowledge we obtained during our audit of the financial
statements. We do not express an opinion or provide any assurance on the information because the
limited procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Management has omitted management’s discussion and analysis that accounting principles generally
accepted in the United States of America require to be presented to supplement the basic financial
statements. Such missing information, although not a part of the basic financial statements, is required
by the Governmental Accounting Standards Board, who considers it to be an essential part of financial
reporting for placing the basic financial statements in an appropriate operational, economic, or
historical context. Our opinion on the basic financial statements is not affected by this missing
information.
Honorable Kevin Rambosk
Sheriff
3
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Sheriff’s financial statements. The combining statements, as listed in the
table of contents, are presented for purposes of additional analysis and are not a required part of the
financial statements. The combining statements are the responsibility of management and were derived
from and relate directly to the underlying accounting and other records used to prepare the financial
statements. Such information has been subjected to the auditing procedures applied in the audit of the
financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the financial
statements or to the financial statements themselves, and other additional procedures in accordance
with auditing standards generally accepted in the United States of America. In our opinion, the
combining statements are fairly stated in all material respects in relation to the financial statements as
a whole.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 17,
2019 on our consideration of the Sheriff’s internal control over financial reporting and on our tests of
its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is solely to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on the
effectiveness of the Sheriff’s internal control over financial reporting or on compliance. That report is
an integral part of an audit performed in accordance with Government Auditing Standards in
considering the Sheriff’s internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
January 17, 2019
Collier County, Florida Sheriff Balance Sheet – Governmental Funds September 30, 2018 See accompanying Notes to Financial Statements. 4 Grant Other Non-MajorSpecial Prisoner Federal Equitable Special Revenue General Revenue Fund Welfare SharingFunds TotalAssetsCash and cash equivalents 11,467,710$ 774,762$ 2,237,555$ 690,459$ –$ 15,170,486$ Accounts receivable 61,225 – – – – 61,225 Other receivable 5,100 – 21,053 – – 26,153 Due from other funds 226,134 – 61,819 – – 287,953 Due from other governments 5,533,433 134,428 – – – 5,667,861 Due from Collier County, Florida Board of– County Commissioners 35,284 41,451 – – 238,856 315,591 Total assets 17,328,886$ 950,641$ 2,320,427$ 690,459$ 238,856$ 21,529,269$ Liabilities and fund balancesLiabilities:Accounts payable 2,548,894$ 5,140$ 9,929$ 8,300$ 40,874$ 2,613,137$ Accrued expenses 8,486,226 33,456 – – 19,164 8,538,846 Due to other funds 500,000 – 35,896 – 178,818 714,714 Due to Collier County, Florida Board of– County Commissioners 4,969,930 – – – – 4,969,930 Due to other governments 823,836 – – – – 823,836 Unearned revenue– 4,998 – – – 4,998 Total liabilities 17,328,886 43,594 45,825 8,300 238,856 17,665,461 Fund balances:Restricted– 907,047 2,274,602 682,159 – 3,863,808 Total liabilities and fund balances 17,328,886$ 950,641$ 2,320,427$ 690,459$ 238,856$ 21,529,269$
Collier County, Florida Sheriff Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds Year Ended September 30, 2018 See accompanying Notes to Financial Statements. 5 Grant Other Non-MajorSpecial Prisoner Federal Equitable Special RevenueGeneral Revenue Fund Welfare SharingFunds TotalRevenues:Grant revenue 5,446,182$ 861,814$ –$ –$ –$ 6,307,996$ Charges for services 1,661,195 – 793,986 – – 2,455,181 Other revenue– – – 5,928 – 5,928 Total revenues 7,107,377 861,814 793,986 5,928 – 8,769,105 Expenditures:General government:Personal services 4,355,279 – – – – 4,355,279 Operating expenditures 71,546 – – – – 71,546 Capital outlay3,787 – – – – 3,787 Public safety:– Personal services 135,904,297 529,656 247,476 – 829,344 137,510,773 Operating expenditures 25,347,273 192,463 144,607 53,367 1,787,563 27,525,273 Capital outlay12,099,412 185,824 – – 98,305 12,383,541 Debt Service - principal 55,478 – – – – 55,478 Debt Service - interest 7,707 – – – – 7,707 Total expenditures 177,844,779 907,943 392,083 53,367 2,715,212 181,913,384 Excess (deficiency) of revenues over (under) expenditures (170,737,402) (46,129) 401,903 (47,439) (2,715,212) (173,144,279) Other financing sources (uses):Transfers in:Collier County, Florida Board of County Commissioners appropriations 174,720,200 – – – – 174,720,200 Collier County, Florida Board of County Commissioners 967,364 – – – 2,715,212 3,682,576 Transfers out:Distribution of excess appropriations to Collier County,Florida Board of County Commissioners(4,950,162) – – – – (4,950,162) Total other financing sources 170,737,402 – – – 2,715,212 173,452,614 Net change in fund balances– (46,129) 401,903 (47,439) – 308,335 Fund balances – beginning of year– 953,176 1,872,699 729,598 – 3,555,473 Fund balances – end of year–$ 907,047$ 2,274,602$ 682,159$ –$ 3,863,808$
Collier County, Florida
Sheriff
Statement of Revenues, Expenditures and
Changes in Fund Balances – Budget (Non-GAAP) and Actual
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
6
Variance With
Budget
Budget Positive
Original Final Actual (Negative)
Revenues:
Grant Revenue –$ –$ –$ –$
Charges for services – 1,826,000 1,661,195 (164,805)
Total revenues – 1,826,000 1,661,195 (164,805)
Expenditures:
General government:
Personal services 4,137,400 4,137,400 4,355,279 (217,879)
Operating expenditures 177,700 177,700 71,546 106,154
Capital outlay – – 3,787 (3,787)
Public safety:
Personal services 137,171,100 138,904,100 135,904,297 2,999,803
Operating expenditures 26,217,200 26,310,200 24,522,912 1,787,288
Capital outlay 7,016,800 7,016,800 11,195,759 (4,178,959)
Total expenditures 174,720,200 176,546,200 176,053,580 492,620
Excess of expenditures over revenues (174,720,200) (174,720,200) (174,392,385) 327,815
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 174,720,200 174,720,200 174,720,200 –
Transfers out:
Distribution of excess appropriations to
Collier County, Florida Board of
County Commissioners – – (327,815) (327,815)
Total other financing sources (uses)174,720,200 174,720,200 174,392,385 (327,815)
Net change in fund balance – – – –
Fund balance – beginning of year – – – –
Fund balance – end of year –$ –$ –$ –$
Total revenues - budgetary basis 1,661,195$
Revenues not budgeted:
Revenues for disaster cost reimbursements that are not budgeted 5,446,182
Total revenues - GAAP basis 7,107,377$
Total expenditures - budgetary basis 176,053,580$
Expenditures not budgeted:
Expenditures for disaster mutual aid that are not budgeted 823,835
Expenditures for multi-period projects that are not budgeted 967,364
Total expenditure - GAAP basis 177,844,779$
Total other financing sources (uses) - budgetary basis 174,392,385$
Transfers in from Collier County Florida Board of County
Commissioners (non-appropriations)967,364
Transfers out to Collier County Florida Board of County
Commissioners (disaster cost reimbursements)(4,622,347)
Total other financing sources (uses) - GAAP basis 170,737,402$
Collier County, Florida
Sheriff
Statement of Net Position – Internal Service Fund
September 30, 2018
See accompanying Notes to Financial Statements.
7
Assets:
Cash and cash equivalents 2,004,225$
Investments 8,098,342
Due from stop loss 2,407
Due from other funds 500,000
Interest receivable 21,619
Total assets 10,626,593
Liabilities:
Self insurance claims payable 2,884,000
Deferred revenue 83,595
Total liabilities 2,967,595
Net position:
Unrestricted 7,658,998
Total net position 7,658,998$
Collier County, Florida
Sheriff
Statement of Revenues, Expenses, and
Changes in Net Position – Internal Service Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
8
Operating revenues:
25,544,474$
Operating expenses:
23,876,520
1,242,669
45,803
25,164,992
379,482
Nonoperating revenues:
104,696
Realized gain on sale of investments 5,136
Decrease in fair value of investments (16,860)
Total nonoperating revenues 92,972
472,454
Net position – beginning of year 7,186,544
Net position – end of year 7,658,998$
Charges for services
Change in net position
Claims and claims expenses
Reinsurance premiums
Administrative and other expenses
Total operating expenses
Operating income
Interest income, net of management fees
Collier County, Florida
Sheriff
Statement of Cash Flows – Internal Service Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
9
Operating activities
(23,652,520)$
(1,242,669)
(45,803)
24,000,000
1,126,981
185,989
Investing activities
94,428
Purchase of securities (5,941,757)
Proceeds from sales of securities 5,841,691
(5,638)
180,351
Cash, cash equivalents, and investments – beginning of year 1,823,874
Cash, cash equivalents, and investments – end of year 2,004,225$
Reconciliation of operating loss to net cash
379,482$
(1,088)
(500,000)
224,000
83,595
185,989$
Net cash used by investing activities
Cash payments for claims and claims related services
Cash payments for reinsurance premiums
Cash payments for administrative services and supplies
Cash received from other funds for services
Cash received from retirees for services
Net cash provided by operating activities
Interest earnings, net of management fees
Increase in due to/from other funds
Increase in deferred revenue
Net cash provided by operating activities
Net decrease in cash, cash equivalents, and investments
provided by operating activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities:
Increase in other receivables
Increase in self-insurance claims payable
Collier County, Florida
Sheriff
Statement of Fiduciary Net Position –
Agency Funds
September 30, 2018
See accompanying Notes to Financial Statements.
10
Cash and cash equivalents 634,937$
Due from individuals and businesses 26,778
661,715$
Due to other funds 73,239$
Due to Collier County, Florida
20,777
Due to individuals and businesses 567,699
661,715$
Liabilities:
Board of County Commissioners
Total liabilities
Assets:
Total assets
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
11
1. Summary of Significant Accounting Policies
Reporting Entity
The Collier County, Florida Sheriff (Sheriff) is an elected constitutional officer as provided for
by the Constitution of the State of Florida. Pursuant to Chapter 129, Florida Statutes, the
Sheriff’s budget is submitted to the Collier County, Florida Board of County Commissioners
(Board) for approval. The Sheriff is the chief law enforcement officer of Collier County, Florida
(County) and is responsible for operating the County’s corrections facilities.
The financial statements include the general fund, special revenue funds, proprietary fund (internal
service fund), and agency funds of the Sheriff’s office. The accompanying financial statements
were prepared for the purpose of complying with Section 218.39(2), Florida Statutes, and
Chapter 10.550, Rules of the Auditor General - Local Governmental Entity Audits, which allows
the Sheriff to only present fund financial statements. These financial statements present only the
portion of the funds of Collier County, Florida that are attributable to the Sheriff. They are not
intended to present fairly the financial positions and results of operations of Collier County, Florida
in conformity with accounting principles generally accepted in the United States of America. There
are no separate legal entities (component units) for which the Sheriff is financially accountable.
Chapter 10.550, Rules of the Auditor General - Local Governmental Entity Audits, requires the
Sheriff to only present fund financial statements. Accordingly, due to the omission of
government-wide financial statements and related disclosures, including management’s
discussion and analysis, these financial statements do not constitute a complete presentation of
the financial position of the Sheriff as of September 30, 2017 and the changes in its financial
position and its cash flows, where applicable, for the year then ended, in conformity with
Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial
Statements – and Management’s Discussion and Analysis – for State and Local Governments,
but otherwise constitute financial statements prepared in conformity with accounting principles
generally accepted in the United States of America.
As a result of the budgetary oversight by the Board and the financial dependency on the Board,
the financial activities of the Sheriff are included in the Collier County, Florida Comprehensive
Annual Financial Report.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
12
1. Summary of Significant Accounting Policies (continued)
Measurement Focus, Basis of Accounting, and Basis of Presentation
Transfers are provided by appropriations from the Board pursuant to law. Estimated receipts and
budgeted fund balances must equal appropriations. The Sheriff is required to refund to the Board
all excess appropriations annually; therefore, no unappropriated general fund balance is
carried forward.
The fund financial statements report detailed information about the Sheriff. The focus of
governmental fund financial statements is on major funds rather than reporting funds by type.
Each major fund is reported in a separate column.
Governmental Funds
Governmental funds are accounted for using the flow of current financial resources measurement
focus. Only current assets and current liabilities, generally, are included on the balance sheet.
Operating statements for these funds present increases (i.e., revenues and other financing
sources) and decreases (i.e., expenditures and other financing uses) in net current assets.
The modified accrual basis of accounting is used by governmental funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become measurable and available to finance liabilities of the current fiscal year). For this
purpose, the Sheriff considers revenues to be available if they are collected within 60 days after
year-end with the exception of grants, which have a period of availability of one year. Grants are
recognized as revenue as soon as all eligibility requirements have been met. Expenditures are
recorded when the related fund liability is incurred, except for compensated absences, which are
recognized as expenditures to the extent they have matured.
Substantially all of the Sheriff’s funding is appropriated by the Board. In applying the
susceptible to accrual concept to intergovernmental revenue, there are essentially two types of
revenue. In one, money must be expended on the specific purpose or project before any amounts
will be paid to the Sheriff; therefore, revenue is recognized based upon the expenditures
incurred. In the other, money is virtually unrestricted and is revocable only for failure to comply
with prescribed compliance requirements. These resources are reflected as revenue at the time of
receipt, or earlier, if the “susceptible to accrual” criteria are met.
Other revenue is recognized as earned and becomes measurable and available to pay liabilities of
the current period.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
13
1. Summary of Significant Accounting Policies (continued)
Governmental Funds (continued)
Florida Statutes provide that the amount by which revenues and transfers exceed annual
expenditures be remitted to the Board immediately following the fiscal year for which the
funding was provided or following the fiscal year during which other revenue was recognized. The
amount of this distribution is recorded as a liability and as an other financing use in the
accompanying financial statements.
Capital outlays expended in governmental fund operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Sheriff.
The Sheriff has four major governmental funds:
General Fund – The general fund is used to account for the general operations of the Sheriff
and includes all transactions which are not accounted for in another fund.
Grant Special Revenue Fund – This fund is used to account for the proceeds of federal and
state grant revenues that are legally restricted to specified purposes. It also includes funds
donated to the Collier County Sheriff’s Office. Donated funds are used in accordance with
how each donor designates the use of funds. The majority of donated funds are usually
designated for youth programs, however, funds have also been donated for officer safety, use
by specific districts/substations for community activities, or other programs/activities in the
community.
Prisoner Welfare Fund – This fund is used to account for the proceeds of inmate-related
services and is legally restricted to specified purposes, which benefit the inmate population.
Federal Equitable Sharing Fund – The revenue from this fund is the result of joint
investigations with federal agencies that result in the equitable sharing of the net proceeds of
the forfeiture.
The Sheriff also has the following non-major funds:
Reported as Other Non-major Special Revenue Funds
Confiscated Trust Fund – This fund is used to account for the proceeds of funds collected
pursuant to Florida Statute 932.705. Funds are used for local match for grants, drug abuse
education and prevention programs, and for other law enforcement purposes as the Board
deems appropriate.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
14
1. Summary of Significant Accounting Policies (continued)
Governmental Funds (continued)
Civil Citation – This fund is used to account for the proceeds of funds collected pursuant to
Florida Statute 775.083. Funds are used for local match for grants and to defray the costs for
crime prevention programs in the county.
Education Trust Fund – This fund is used to account for the proceeds of funds collected
pursuant to Florida Statute 943.25. Funds are used to defray training costs.
E911 – This fund is used to account for the proceeds of funds collected pursuant to Florida
Statute 365.172. Funds are used to pay certain costs associated with the Emergency 911
System.
Criminal Justice Education and Training – This fund is used to account for the proceeds of
funds collected pursuant to Florida Statute 943.25. Funds are used to defray training costs.
Domestic Violence Training Fund – This fund is used to account for the proceeds of funds
collected pursuant to Florida Statute 938.08. Funds are used to defray of incarcerating
persons sentenced under Florida Statute 741.283 and to provide additional training to law
enforcement personnel in combating domestic violence.
Fund balances reported in these funds are to be used for the specified purpose of the
respective fund.
Fiduciary Funds
Fiduciary Funds – Agency Funds – These funds are used to account for assets held by the Sheriff
as an agent for individuals, private organizations, and other governments. Agency funds are
custodial in nature (assets equal liabilities), and do not involve measurement of results of
operations or have a measurement focus. Agency funds are accounted for using the accrual basis
of accounting.
Proprietary Fund
Internal Service Fund – This fund is used to account for the health and dental insurance services
provided to departments and retirees of the Sheriff on a cost-reimbursement basis. Proprietary
funds are accounted for using the economic resources measurement focus and the accrual basis
of accounting. Revenues are recorded when earned and expenses are recorded when a liability is
incurred, regardless of the timing of related cash flows.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
15
1. Summary of Significant Accounting Policies (continued)
Cash Equivalents and Investments
Cash equivalents are defined as highly liquid investments with original maturities of three
months or less.
The Sheriff invests funds throughout the year with Florida PRIME, an investment pool
administered by the State Board of Administration (SBA), under the regulatory oversight of the
State of Florida. Investments in Florida PRIME are made pursuant to Chapter 125.31, Florida
Statutes. Florida PRIME is considered a qualifying external investment pool that meets all the
necessary criteria to elect to measure all of the investments at amortized cost. Therefore, the fair
value of the Sheriff’s position in the pool is the same as the value of the pool shares. The
investments are not categorized because they are not evidenced by securities that exist in
physical or book entry form. Throughout the year, and as of September 30, 2018, Florida PRIME
contained certain floating and adjustable rate securities. These investments represented 24.1% of
Florida PRIME’s portfolio at September 30, 2018.
In accordance with GASB Statement No. 79, as a participant in a qualifying external investment
pool, the Sheriff should disclose the presence of any limitations or restrictions on withdrawals
(such as redemption notice periods, maximum transaction amounts, and the qualifying external
investment pool’s authority to impose liquidity fees or redemption gates in the notes to the
financial statements.
With regards to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The
principal, and any part thereof, of each account constituting the trust fund is subject to payment
at any time from the moneys in the trust fund. However, the Executive Director may, in good
faith, on the occurrence of an event that has a material impact on liquidity or operations of the
trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that
the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action
must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing
Committee, the Investment Advisory Council, and the Participant Local Government Advisory
council. The Trustees shall convene an emergency meeting before the expiration of the 48-hour
moratorium on contributions and withdrawals, the moratorium may be extended by the
Executive Director until the Trustees are able to meet to review the necessity for the moratorium.
If the Trustees agree with such measures, the Trustees shall vote to continue any such measures
before the expiration of the time limit set, but in no case may the time limit set by the Trustees
exceed 15 days.”
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
16
1. Summary of Significant Accounting Policies (continued)
Cash Equivalents and Investments (continued)
With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to
impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the
amount and purpose of such fees. At present, no such disclosure has been made.
At September 30, 2018, there were no redemption fees or maximum transaction amounts, or any
other requirements that serve to limit a participant’s daily access to 100 percent of their account
value.
Compensated Absences
All full-time employees of the Sheriff are allowed to accumulate an unlimited number of hours
of unused sick time and up to 500 hours of unused vacation leave. As of September 15, 2017, the
Sheriff authorized unused vacation balances to be temporarily raised to 600 hours, effective
through December 31, 2018. This change was made as the result of Hurricane Irma which
prevented most members from taking any vacation time prior to, during, and for a period after the
hurricane because of required work schedules during the declared state of emergency. Upon
termination, employees receive 100% of allowable accumulated vacation hours. If the member
leaves in good standing they will also receive a percentage of unused sick leave, depending on
years of service, not to exceed 2,000 hours. Vacation time and sick leave are included in
operating costs when the payments are made to the employees. The Sheriff does not, nor is the
Sheriff legally required to, accumulate expendable financial resources for these unmatured
obligations. Accordingly, the liability for compensated absences is not reported in the
governmental funds, but rather is reported in the basic financial statements for the County.
Use of Estimates
The preparation of the financial statements requires management of the Sheriff to make a number
of estimates and assumptions relating to the reported amounts of assets and liabilities and the
disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenditures during the period. Significant items subject to
such estimates and assumptions include the self-insurance claims payable. Actual results could
differ from those estimates.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
17
1. Summary of Significant Accounting Policies (continued)
Fund Balance Reporting and Governmental Fund-Type Definitions
Fund balances are classified either as non-spendable or as spendable. Spendable fund balances
are further classified in a hierarchy based on the extent to which there are external and/or internal
constraints in how fund balance amounts may be spent.
Non-spendable fund balances include amounts that cannot be spent because they are not in
spendable form or are legally or contractually required to be maintained intact. The Sheriff did
not have any non-spendable fund balances as of September 30, 2018.
Spendable fund balances are classified based on a hierarchy of the Sheriff’s ability to control the
spending of these fund balances and are reported in the following categories: restricted,
committed, assigned, and unassigned. The Sheriff’s fund balances for the Grant Special Revenue
Fund, Prisoner Welfare Fund, and Federal Equitable Sharing Fund fall into this category.
Fund balances maintained in the Grant Special Revenue Fund, Prisoner Welfare Fund, and the
Federal Equitable Sharing Fund are constrained for specific purposes that are externally imposed
by donors, grantors, laws, or regulations or imposed by law through constitutional provisions or
enabling legislation, and are reports as restricted fund balances.
2. Budgetary Process
Florida Statutes govern the preparation, adoption, and administration of the Sheriff’s annual
budget. The Sheriff prepares a budget for the general fund and submits it to the Board for
approval. The budget is prepared on a basis consistent with accounting principles generally
accepted in the United States of America, except that the proceeds from capital leases and the
related capital outlay are not budgeted and certain expenditures for long-term projects which are
reimbursed by the Board are also not budgeted. Any subsequent amendments to the budget must
be approved by the Board. The annual budget serves as the legal authorization for expenditures.
Expenditures may not legally exceed appropriations at the fund level. Appropriations lapse at
year-end. Budgetary control is maintained at the departmental major object expenditure level.
Budgetary changes within the major object expenditure categories are made at the discretion of
the Sheriff.
The Sheriff does not budget for the grant special revenue fund as it is funded by federal and state
grants and is governed by those documents. Additionally, the prisoner welfare and federal
equitable sharing funds do not have legally adopted budgets.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
18
2. Budgetary Process (continued)
The original budget is the first complete appropriated budget. The final budget is the original
budget adjusted by all reserves, transfers, allocations, supplemental appropriations, and other
legally authorized changes applicable to the fiscal year, whenever legally authorized.
This space intentionally left blank
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
19
3. Cash, Cash Equivalents and Investments
At September 30, 2018, the carrying value of the Sheriff’s cash, cash equivalents, and
investments was as follows:
Type Maturity Carrying Value
Credit
Rating *
Cash on hand N/A 33,126$ N/A
Demand deposits N/A 17,007,651 N/A
Local government surplus funds trust fund:
Florida Prime N/A 768,870 AAAm
Total cash and cash equivalents 17,809,647
Money Market N/A 67,692 Not rated
Federal Farm Credit Bank 11/19/2018 249,565 AA+
Federal Home Loan Bank 8/28/2019 247,652 AA+
Federal Home Loan Bank 10/19/2020 490,970 AA+
Federal Home Loan Bank 2/12/2021 247,930 AA+
Federal Home Loan Bank 12/13/2019 492,130 AA+
Federal Farm Credit Bank 7/12/2019 494,375 AA+
Federal Farm Credit Bank 8/16/2021 143,923 AA+
Federal Farm Credit Bank 2/20/2020 494,650 AA+
Federal Home Loan Mortgage Corp. 5/25/2021 537,312 AA+
Federal Home Loan Mortgage Corp. 9/29/2020 246,038 AA+
Federal National Mortgage Association 2/26/2019 497,900 AA+
Federal National Mortgage Association 2/5/2020 487,444 AA+
Treasury Note 10/31/2019 246,845 AA+
Treasury Note 9/30/2019 485,975 AA+
Treasury Note 2/15/2019 432,399 AA+
Treasury Note 9/30/2018 499,775 AA+
Treasury Note 12/31/2018 498,940 AA+
Treasury Note 3/31/2019 497,070 AA+
Treasury Note 10/31/2020 244,523 AA+
Treasury Note 6/30/2019 495,235 AA+
Total Investments 8,098,343
Total cash, cash equivalents and investments 25,907,990$
*Credit ratings are Moody ratings except for Florida Prime which is a Standard & Poor rating.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
20
3. Cash, Cash Equivalents and Investments (continued)
The total cash, cash equivalent and investments balances at September 30, 2018, were
as follows:
General fund 11,467,710$
Grant special revenue fund 774,762
Prisoner welfare fund 2,237,555
Federal equitable sharing fund 690,459
Other non-major special revenue funds –
Internal service fund 10,102,567
Agency funds 634,937
Total 25,907,990$
Custodial Credit Risk
At September 30, 2018, the Sheriff’s demand deposits were entirely covered by Federal
Depository Insurance or by collateral pledged with the State Treasurer pursuant to Chapter 280,
Florida Statutes. Under this Chapter, in the event of default by a participating financial
institution (a qualified public depository), all participating institutions are obligated to reimburse
the government entity for the loss.
The investments in the Internal Service Fund are part of the Florida Sheriffs Multiple Employers
Trust (FSMET) and are administered by Hunt Insurance Group. FMSET’s policy requires
execution of a third-party custodial safekeeping agreement for purchased securities and
collateral, and requires that securities be held in the Sheriff’s name.
Credit Risk
The Sheriff’s policy is to follow the guidance in Sections 218.415 and 219.075, Florida Statutes,
regarding the deposit of funds received and the investment of surplus funds. The Sheriff’s
Investment Policy authorizes investments in Florida PRIME (formerly the Local Government
Surplus Funds Trust Fund), or any intergovernmental investment pool authorized pursuant to the
Florida Interlocal Cooperation Act, as provided in s. 163.01, F.S.; Securities and Exchange
Commission registered money market funds with the highest credit quality rating from a
nationally recognized rating agency; interest-bearing time deposits or savings accounts in
qualified public depositories, as defined in s. 280.02, F.S.; and direct obligations of the
U.S. Treasury.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
21
3. Cash, Cash Equivalents and Investments (continued)
Credit Risk (continued)
Additionally, Florida Statutes allow local governments to place public funds with institutions
that participate in a collateral pool under the Florida Security for Public Deposits Act. The pool
is administered by the State Treasurer, who may make additional assessments to ensure that no
public funds will be lost.
Florida PRIME is administered by the State Board of Administration. Florida PRIME consisted
of money market appropriate assets. At September 30, 2018, the Sheriff had $768,870 invested
in Florida PRIME. Florida PRIME is rated “AAAm” by Standard & Poor’s Ratings Services.
Interest Rate Risk
The Sheriff has no specific investment policy regarding interest rate risk.
Concentration of Credit Risk
The Sheriff’s investments are included in the internal service fund which is used to account for
the Sheriff’s self-insured health plan. FSMET administers the investments for the Sheriff’s
self-insured health plan and has an investment policy that allows for the investment of funds that
exceed one month’s required funding by more than $100,000. Investments can be made in
government securities. The Sheriff’s portfolio managed by FSMET includes investments in U.S.
government instrumentalities, and demand deposits. There are also demand deposits that are not
managed by FSMET and are available dollars managed by the Sheriff to cover daily operations.
The portion of the Sheriff’s portfolio invested in FSMET is detailed as follows, at September 30,
2018:
% of
Portfolio
Money Market 1%
Treasury Note 42%
Federal Home Loan Mortgage Corp. 10%
Federal National Mortgage Association 12%
Federal Farm Credit Bank 17%
Federal Home Loan Bank 18%
Total 100%
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
22
3. Cash, Cash Equivalents and Investments (continued)
Fair Value Measurements
The Sheriff categorizes its fair value measurements within the fair value hierarchy established by
generally accepted accounting principles. The hierarchy is based on the valuation inputs used to
measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for
identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are
significant unobservable inputs.
The Sheriff has the following recurring fair value measurements as of September 30, 2018:
U.S. Treasury Notes classified as level 1 of the fair value hierarchy are valued using
prices quoted in active markets for those securities.
U.S. Agency obligations classified as level 2 of the fair value hierarchy are valued using
quoted prices for similar assets in active markets.
4. Capital Assets
Capital assets used by the Sheriff are capitalized in the basic financial statements of Collier
County, Florida rather than in the governmental funds of the Sheriff. Upon acquisition, such
assets are recorded as expenditures in the governmental funds of the Sheriff and are capitalized
at cost in the basic financial statements of the County. Capital assets are valued at historical cost
or estimated historical cost if actual historical cost is not available. Donated capital assets are
recorded at acquisition value on the date received. The Sheriff maintains custodial responsibility
for the capital assets used by his office. No depreciation expense has been provided on capital
assets in these financial statements. However, depreciation expense on these assets is recorded in
the basic financial statements of Collier County, Florida.
In FY18 the Sheriff implemented a change in accounting principal. The change was from a
depreciation method of recording a full year of depreciation in the year the asset was placed in
service to recording depreciation monthly for the months the asset is in service. As a result,
accumulated depreciation as of October 1, 2017, decreased by $4,260,196 and the restatement is
reflected in the table below.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
23
4. Capital Assets (continued)
The following is a summary of changes in capital assets which are reported in the basic financial
statements of Collier County, Florida:
October 1,
2017 Deductions/ September 30,
as restated Additions Reclassifications 2018
Governmental Activities
Capital assets not depreciated:
Construction in Progress 7,416,212$ 1,191,981$ (4,675,836)$ 3,932,357$
Total capital assets not depreciated 7,416,212 1,191,981 (4,675,836) 3,932,357
Capital assets depreciated :
Machinery and equipment 70,349,424 17,739,157 (5,280,262) 82,808,319
Total capital assets depreciated 70,349,424 17,739,157 (5,280,262) 82,808,319
Less accumulated depreciation:
Machinery and equipment (54,770,229) (7,319,820) 5,250,472 (56,839,577)
Total Accumulated depreciation (54,770,229) (7,319,820) 5,250,472 (56,839,577)
Total Depreciable capital
assets, net 15,579,195 10,419,337 (29,790) 25,968,742
Total Governmental Activities capital
assets, net 22,995,407$ 11,611,318$ (4,705,626)$ 29,901,099$
5. Long-Term Liabilities
The Sheriff has entered into certain capital lease agreements under which the related equipment
will become the property of the Sheriff’s Office when all terms of the lease agreements are met.
Stated
Interest
Rate
Present Value of Remaining
Payments as of September
30, 2018
Governmental fund activities:
Telephone system 4.82% 129,754$
Total Capital Lease Obligations 129,754$
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
24
5. Long-Term Liabilities (continued)
Equipment and related accumulated depreciation under capital leases is as follows:
Governmental Activities
Equipment 276,128$
Less: accumulated depreciated (213,247)
Less: disposal –
Net Value 62,881$
As of September 30, 2018, capital lease annual amortization are as follows:
Year ending September 30: Governmental Activities
2019 63,185$
2020 63,185
2021 10,532
Total minimum lease payments 136,902
Less: amount representing interest (7,148)
Present value of remain payments 129,754$
The following is a summary of changes in long-term liabilities, which are reported in the basic
financial statements of Collier County, Florida:
October 1, Deductions/ September 30,
2017 Additions Reclassifications 2018
Capital lease agreements 185,232$ –$ (55,478)$ 129,754$
Compensated Absences 18,133,560 2,625,681 (1,283,533) 19,475,708
Total 18,318,792$ 2,625,681$ (1,339,011)$ 19,605,462$
Of these liabilities, approximately $763,000 is expected to be paid during the fiscal year ending
September 30, 2018. These long-term liabilities are not reported in the financial statements of the
Sheriff since they have not matured.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
25
6. Interfund Balances and Transfers
Due from and due to other funds at September 30, 2017, were as follows:
Due From Due To
General Fund 226,134$ 500,000$
Prisoner Welfare Fund 61,819 35,896
Internal Service Fund 500,000 –
Other non-major special revenue funds – 178,818
Agency Funds – 73,239
Total 787,953$ 787,953$
Interfund receivables and payables generally represent recurring activities between funds.
7. Related Party Transactions
The Board provided funding for the Sheriff for the year of $174,720,200. At September 30,
2018, the Sheriff had a payable due to the Board of $4,990,707 comprised of the following:
General fund:
Distributions of excess appropriations 327,816$
Distribution of interest collected 11,681
FEMA reimbursement 4,622,346
Miscellaneous payables 8,087
Agency fund 20,777
Total 4,990,707$
Additionally, the Sheriff had a receivable from the Board related to services provided to the
County of $315,591 at September 30, 2018.
Agency Funds
The Sheriff’s Office administers funds for the Collier County Sheriff’s Office Explorers
Program. The program is funded by donations from employees through payroll deduction and
donations from outside organizations. The program is designed for students to explore the
opportunity to learn about and interact with law enforcement and to help stimulate further
interest in the possibility of a law enforcement career.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
26
8. Pension Plans
Background
The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a
defined benefit pension plan for participating public employees. The FRS was amended in 1998
to add the Deferred Retirement Option Program under the defined benefit plan and amended in
2000 to provide a defined contribution plan alternative to the defined benefit plan for FRS
members effective July 1, 2002. This integrated defined contribution pension plan is the FRS
Investment Plan. Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy
(HIS) Program, a cost-sharing multiple-employer defined benefit pension plan, to assist retired
members of any State-administered retirement system in paying the costs of health insurance.
Essentially all regular employees of the Sheriff are eligible to enroll as members of the
State-administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122,
Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and FRS
Rules, Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits
are defined and described in detail. Such provisions may be amended at any time by further
action from the Florida Legislature. The FRS is a single retirement system administered by the
Florida Department of Management Services, Division of Retirement, and consists of the two
cost-sharing, multiple-employer defined benefit plans and other nonintegrated programs. A
comprehensive annual financial report of the FRS, which includes its financial statements,
required supplementary information, actuarial report, and other relevant information, is available
from the Florida Department of Management Services’ Web site (www.dms.myflorida.com).
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
27
8. Pension Plans (continued)
Florida Retirement System Pension Plan
Plan Description
The Florida Retirement System Pension Plan (FRS Plan) is a cost-sharing multiple-employer
defined benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible
employees. The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other
classes.
Elected County Officers Class – Members who hold specified elective offices in local
government.
Senior Management Service Class (SMSC) – Members in senior management level positions.
Special Risk Class – Members who are special risk employees, such as law enforcement
officers, meet the criteria to qualify for this class.
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service
and employees enrolled in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable
service. All vested members, enrolled prior to July 1, 2011, are eligible for normal retirement
benefits at age 62 or at any age after 30 years of service, except for members classified as special
risk who are eligible for normal retirement benefits at age 55 or at any age after 25 years of
service. All members enrolled in the FRS Plan on or after July 1, 2011, once vested, are eligible
for normal retirement benefits at age 65 or any time after 33 years of creditable service, except
for members classified as special risk who are eligible for normal retirement benefits at age 60 or
at any age after 30 years of service. Employees enrolled in the FRS Plan may include up to
4 years of credit for military service toward creditable service. The FRS Plan also includes an
early retirement provision; however, there is a benefit reduction for each year a member retires
before his or her normal retirement date. The FRS Plan provides retirement, disability, death
benefits, and annual cost-of-living adjustments to eligible participants.
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for
normal retirement under the FRS Plan to defer receipt of monthly benefit payments while
continuing employment with an FRS participating employer. An employee may participate in
DROP for a period not to exceed 60 months after electing to participate, except that certain
instructional personnel may participate for up to 96 months. During the period of DROP
participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The
net pension liability does not include amounts for DROP participants, as these members are
considered retired and are not accruing additional pension benefits.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
28
8. Pension Plans (continued)
Benefits Provided
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average
final compensation, and service credit. Credit for each year of service is expressed as a
percentage of the average final compensation. For members initially enrolled before July 1,
2011, the average final compensation is the average of the 5 highest fiscal years’ earnings; for
members initially enrolled on or after July 1, 2011, the average final compensation is the average
of the 8 highest fiscal years’ earnings. The total percentage value of the benefit received is
determined by calculating the total value of all service, which is based on the retirement class to
which the member belonged when the service credit was earned. Members are eligible for in-
line-of-duty or regular disability and survivors’ benefits.
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS
before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-
living adjustment is 3 percent per year. If the member is initially enrolled before July 1, 2011,
and has service credit on or after July 1, 2011, there is an individually calculated cost-of-living
adjustment. The annual cost-of-living adjustment is a proportion of 3 percent determined by
dividing the sum of the pre-July 2011 service credit by the total service credit at retirement
multiplied by 3 percent. FRS Plan members initially enrolled on or after July 1, 2011, will not
have a cost-of-living adjustment after retirement.
Detailed information about the County’s proportionate share of FRS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-
wide statements of the County.
Retiree Health Insurance Subsidy Program
Plan Description
The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost-sharing multiple-employer
defined benefit pension plan established under Section 112.363, Florida Statutes, and may be
amended by the Florida Legislature at any time. The benefit is a monthly payment to assist
retirees of State-administered retirement systems in paying their health insurance costs and is
administered by the Florida Department of Management Services, Division of Retirement.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
29
8. Pension Plans (continued)
Benefits Provided
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly
HIS payment of $5 for each year of creditable service completed at the time of retirement, with a
minimum HIS payment of $30 and a maximum HIS payment of $150 per month, pursuant to
Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a
State-administered retirement system must provide proof of health insurance coverage, which
may include Medicare.
Detailed information about the County’s proportionate share of HIS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-
wide statements of the County.
FRS Investment Plan
The Florida State Board of Administration (SBA) administers the defined contribution plan
officially titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in
the SBA’s annual financial statements and in the State of Florida Comprehensive Annual
Financial Report.
As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to
participate in the Investment Plan in lieu of the FRS defined benefit plan. Sheriff employees
participating in DROP are not eligible to participate in the Investment Plan. Employer and
employee contributions, including amounts contributed to individual member’s accounts, are
defined by law, but the ultimate benefit depends in part on the performance of investment funds.
Benefit terms, including contribution requirements, for the Investment Plan are established and
may be amended by the Florida Legislature. The Investment Plan is funded with the same
employer and employee contribution rates that are based on salary and membership class
(Regular Class, Elected County Officers, etc.), as the FRS defined benefit plan. Contributions are
directed to individual member accounts, and the individual members allocate contributions and
account balances among various approved investment choices. Costs of administering plan,
including the FRS Financial Guidance Program, are funded through an employer contribution of
0.06 percent of payroll and by forfeited benefits of plan members.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
30
8. Pension Plans (continued)
For all membership classes, employees are immediately vested in their own contributions and are
vested after 1 year of service for employer contributions and investment earnings. If an
accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is
transferred to the Investment Plan, the member must have the years of service required for FRS
Pension Plan vesting (including the service credit represented by the transferred funds) to be
vested for these funds and the earnings on the funds. Non-vested employer contributions are
placed in a suspense account for up to 5 years. If the employee returns to FRS-covered
employment within the 5-year period, the employee will regain control over their account. If the
employee does not return within the 5-year period, the employee will forfeit the accumulated
account balance. For the fiscal year ended June 30, 2018, the information for the amount of
forfeitures was unavailable from the SBA; however, management believes that these amounts, if
any, would be immaterial to the Sheriff.
After termination and applying to receive benefits, the member may rollover vested funds to
another qualified plan, structure a periodic payment under the Investment Plan, receive a
lump-sum distribution, leave the funds invested for future distribution, or any combination of
these options. Disability coverage is provided; the member may either transfer the account
balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed
lifetime monthly benefits under the FRS Pension Plan, or remain in the Investment Plan and rely
upon that account balance for retirement income.
Contributions
Participating employer contributions are based upon statewide rates established by the State of
Florida. The Sheriff’s contributions made to the plans during the years ended September 30,
2018, 2017, and 2016 were $17,500,632, $16,967,099, and $15,023,011, respectively, equal to
the actuarially determined contribution requirements for each year.
Additional information about pension plans can be found in the County’s comprehensive annual
financial report.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
31
9. Other Postemployment Benefits
The Sheriff follows the provisions of GASB Statement No. 75 Accounting and Financial
Reporting for Postemployment Benefits Other Than Pensions, for its other postemployment
benefits (OPEB). The liability, expense, deferred outflows of resources and deferred inflows of
resources for OPEB, calculated in accordance with GASB Statement No. 75, are reported in the
financial statements of the County.
Plan Description
The Sheriff administers a single-employer defined benefit plan (OPEB Plan) and can amend the
benefit provisions. Prior to 2010, the Sheriff offered an OPEB Plan that subsidized the cost of
health care for retirees who have six years of creditable service with the Sheriff and who receive
a monthly retirement benefit from the Florida Retirement System. The Sheriff subsidizes
approximately 20% for both single coverage and family coverage for qualifying individuals. In
2010, the subsidy was no longer made available to eligible retirees who chose to continue their
health insurance coverage. Approximately 36% of retirees receive the subsidy. Additionally, in
accordance with Florida Statute 112.0801, Sheriff’s employees who retire and immediately begin
receiving benefits from the FRS have the option of paying premiums to continue in the Sheriff’s
health insurance plan at the same group rate as for active employees.
Participant Data
At September 30, 2018, the date of the latest actuarial valuation, the Sheriff’s plan participation
consisted of:
Active employees 1,153
Inactive employees or beneficiaries currently receiving benefit payments 129
Funding Policy
The Sheriff has the authority to establish and amend funding policy. The OPEB Plan is currently
being funded on a pay-as-you go basis. No trust or agency fund has been established for the plan.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
32
9. Other Postemployment Benefits (continued)
Total OPEB Liability
The Sheriff’s OPEB liability of $19,492,224 was measured as of September 30, 2018, and was
determined by an actuarial valuation as of October 1, 2018. The following table shows the
changes in the Sheriff’s total OPEB liability for the year ended September 30, 2018.
Total OPEB
Liability
Balance, as of October 1, 2017 18,260,466$
Changes:
Service cost 520,082
Interest 503,525
Differences between expected and actual experience 2,048,462
Changes in assumptions or other inputs (898,977)
Employer contributions (941,061)
Net changes 1,232,031
Balance, as of September 30, 2018 19,492,497$
The following presents the total OPEB liability of the Sheriff, as well as what the Sheriff’s total
OPEB liability would be if it were calculated using a discount rate one percentage point lower or
one percentage point higher than the current discount rate:
1% Decrease Discount Rate 1% Increase
(2.25%) (3.25%) (4.25%)
Total OPEB Liability 21,325,122$ 19,492,497$ 17,873,887$
The following presents the total OPEB liability of the Sheriff, as well as what the Sheriff’s total
OPEB liability would be if it were calculated using healthcare cost trend rates that are 1% point
lower (5% decreasing to 4.0%) or 1% point higher (7% decreasing to 6%) than the current
healthcare cost trend rates:
1% Decrease Discount Rate 1% Increase
(5% decreasing (6% decreasing (7% decreasing
to 4%) to 5%) to 6%)
Total OPEB Liability 17,798,126$ 19,492,497$ 21,430,289$
Healthcare rate sensitivity
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
33
9. Other Postemployment Benefits (continued)
Deferred Outflows and Inflows of Resources Related to OPEB
For the year ended September 30, 2018, the Sheriff’s OPEB expense was $1,012,248. In addition
the Sheriff reported deferred outflow of resources and deferred inflow of resources from the
following sources:
Deferred Deferred
Outflows of Inflows of
Description Resources Resources
Differences between expected and actual experience 2,048,462$ 72,247$
Changes in assumptions – 898,977
Amounts reported as deferred outflows of resources are being amortized over 7.17 years and will
be recognized as follows:
Year ending
September 30 Amount
2019 148,959$
2020 148,959
2021 148,959
2022 148,959
2023 148,959
Thereafter 332,443
Actuarial Methods and Assumptions
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and the healthcare cost trend. Amounts
determined regarding the funded status of the plan and the annual required contributions of the
employer are subject to continual revision as actual results are compared with past expectations
and new estimates are made about the future.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
34
9. Other Postemployment Benefits (continued)
Actuarial Methods and Assumptions (continued)
Calculations for financial reporting purposes are based on the benefits provided under terms of
the plan as understood by the employer and the plan members in effect at the time of each
valuation and on the pattern of sharing of costs between the employer and plan members to that
point. The projection of benefits for financial reporting purposes does not explicitly incorporate
the potential effects of legal or contractual funding limitations on the pattern of cost sharing
between the employer and plan members in the future. Actuarial calculations reflect a long-term
perspective. Consistent with that perspective, actuarial methods and assumptions used include
techniques that are designed to reduce the effects of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets.
The actuarial methods are:
Actuarial cost method Entry Age Actuarial
The actuarial assumptions are:
Discount rate 3.25% (Based on 20 year AA municipal bond rate)
Healthcare cost trend rate 6% decreasing to 5% in 2021 and thereafter
Salary increase None
New employees None
Mortality rates were based on the RP-2014 Mortality Fully Generational tables using Projection
Scale MP-2017.
The following changes have been made since the prior year valuation:
The discount rate was changed from 2.75% to 3.25%.
The mortality assumption has been updated from RP-2014 Mortality Fully Generational
using Projection Scale MP-2016 to RP-2014 Mortality Fully Generational using
Projection Scale MP-2017.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
35
10. Self-Insurance Program
The Sheriff’s Office participates in the Statewide Florida Sheriff’s Self-Insurance Fund
(the Fund) for its professional liability insurance. The Fund is managed by representatives of the
participating Sheriff offices and provides professional liability insurance to participating
agencies. The Fund provides liability insurance coverage subject to the following limitations:
$5,000,000 for any one incident, and $10,000,000 for an annual aggregate. The Sheriff also
participates in the Fund for workers’ compensation coverage. The Florida Sheriffs Workers’
Compensation Self Insurance Program is a self-insurance program providing coverage for the
first $500,000 of every claim. Reinsurance is purchased by the Program to cover claims
exceeding $500,000 (or $350,000 where applicable) up to $15,000,000. Reinsurance coverage up
to $20,000,000 any one person on a catastrophic basis is available when applicable. 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 the Fund
management to meet the estimated annual payout 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 Fund.
The Sheriff has also established a self-funded employee health plan for active employees and
retirees. 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 $200,000. In FY18 there were two covered individuals who had higher deductible
amounts because of a history of high claims. One individual had a deductible of $325,000 and
the other had a deductible of $350,000. Specific claim excess coverage for these individuals was
for claims exceeding $325,000 and $350,000, respectively. The maximum annual individual stop
loss payment amount is unlimited. Payments to the internal service fund are based on actuarial
estimates of amounts needed to pay prior year and current year claims including claims incurred
but not yet reported.
The Sheriff’s Office uses a Third-Party Administrator (TPA) to administer and pay claims for the
health plan. Meritain Health, Inc. has been the TPA since July 1, 2013.
Changes in the balance of estimated insurance claims payable for the fiscal year ended
September 30, 2018 and 2017 is as follows:
New Claims
Balance and Changes Claim Balance
Fiscal year ending: October 1 in Estimates Payments September 30
2017 $ 2,379,000 $ 19,699,382 $ (24,738,382) $ 2,660,000
2018 $ 2,660,000 $ 24,067,975 $ (23,843,975) $ 2,884,000
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2018
36
11. Commitments and Contingencies
Litigation
The Sheriff is involved in various claims and legal actions arising in the ordinary course of
operations. In the opinion of management, the ultimate disposition of these matters will not have
a material adverse effect on the Sheriff.
Federal and State Grants
Grant funds received by the Sheriff are subject to audit by grantor agencies. Audits of these
grants may result in disallowed costs, which may constitute a liability of the Sheriff. In the
opinion of management, disallowed costs, if any, would be immaterial to the financial position of
the Sheriff.
Purchase Commitment
On July 9, 2018, the Sheriff signed a Letter of Intent with Alan Jay Ford Lincoln Mercury, Inc.
to purchase 85 2019 Ford Police Interceptor vehicles for $2,609,075 obligating the Sheriff to
purchase these vehicles. Delivery of these vehicles is scheduled for January 2019. Payment is to
be made within 30 days of delivery.
Collier County, Florida Sheriff Required Supplementary Information Schedule of Changes in Total OPEB Liability and Related Ratios September 30, 2018 37 2018 2017Total OPEB LiabilityService cost 520,082$ 491,420$ Interest503,525 502,621 Differences between expected and actual experience 2,048,462 (83,607) Changes in assumptions or other inputs (898,977) – Employer contributions (941,061) (871,353) Net change in total OPEB Liability 1,232,031 39,081 Total OPEB Liability, beginning 18,260,466 18,221,385 Total OPEB Liability, ending 19,492,497$ 18,260,466$ Covered-employee payroll 80,473,682$ 91,192,818$ Total OPEB Liability as a percentage of covered-employee payroll 24.22% 20.02% Notes to Schedule Changes in Assumptions: - Change in the discount rate of 2.75% as of September 30, 2017 to 3.25% as of September 30, 2018. - As of September 30, 2018 the mortality assumption has been updated from RP-2014 Mortality Fully Generational using Projection Scale MP-2016 to RP-2014 Mortality Fully Generational using Projection Scale MP-2017. Note: Information is required to be presented for 10 years. However, until a full 10-year trend is completed, the County will present information for only those years for which information is available.
Collier County, Florida Sheriff Combining Statement of Fiduciary Net Position – Agency Funds September 30, 2018 38 TotalCivil Evidence Flexible Inmate Agency Trust Trust Spending Trust Explorers FundsCash and cash equivalents 46,051$ 228,942$ 199,888$ 140,755$ 19,301$ 634,937$ Due from individuals and businesses – – – 26,778 – 26,778 46,051$ 228,942$ 199,888$ 167,533$ 19,301$ 661,715$ Due to other funds –$ –$ –$ 73,239$ –$ 73,239$ Due to Collier County, Florida Board11,589 – – 9,188 – 20,777 Due to individuals and businesses 34,462 228,942 199,888 85,106 19,301 567,699 46,051$ 228,942$ 199,888$ 167,533$ 19,301$ 661,715$ Liabilities:of County CommissionersTotal liabilitiesAssets:Total assets
Collier County, Florida Sheriff Statement of Changes in Assets and Liabilities – Agency Funds September 30, 2018 39 October 1, September 30, 2017 Additions Deletions 2018Assets:Cash and cash equivalents 565,455$ 634,937$ (565,455)$ 634,937$ Due from individuals and businesses 3,156 26,778 (3,156) 26,778 Total assets 568,611$ 661,715$ (568,611)$ 661,715$ Liabilities:.Due to other funds 34,961$ 73,239$ (34,961)$ 73,239$ Due to Collier County, Florida Boardof County Commissioners 15,499 20,777 (15,499) 20,777 Due to individuals and businesses 518,151 567,699 (518,151) 567,699 Total liabilities 568,611$ 661,715$ (568,611)$ 661,715$
40
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED
ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Honorable Kevin Rambosk
Sheriff
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of each major fund
and the aggregate remaining fund information of the Collier County, Florida Sheriff (Sheriff), as of
and for the year ended September 30, 2018, and the related notes to the financial statements, which
collectively comprise the Sheriff’s basic financial statements, and have issued our report thereon dated
January 17, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Sheriff’s internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate
in the circumstances for the purpose of expressing our opinions on the financial statements, but not for
the purpose of expressing an opinion on the effectiveness of the Sheriff’s internal control. Accordingly,
we do not express an opinion on the effectiveness of Sheriff’s internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph
and was not designed to identify all deficiencies in internal control that might be material weaknesses
or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that
have not been identified. However, as described in the accompanying schedule of findings and
responses, we did identify certain deficiencies in internal control that we consider to be material
weaknesses and significant deficiencies.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a material
misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a
timely basis. We consider the deficiencies described in the accompanying schedule of findings and
responses as item 2018-001 to be a material weaknesses.
A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less
severe than a material weakness yet important enough to merit attention by those charged with
governance. We consider the deficiencies described in the accompanying schedule of findings and
responses as item 2018-002 to be a significant deficiency.
Honorable Kevin Rambosk
Sheriff
41
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Sheriff's financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the determination of financial statement amounts. However, providing an opinion
on compliance with those provisions was not an objective of our audit, and accordingly, we do not
express such an opinion. The results of our tests disclosed no instances of noncompliance or other
matters that are required to be reported under Government Auditing Standards.
Sheriff’s Response to Findings
The Sheriff’s response to the findings identified in our audit is described in the accompanying schedule
of findings and responses. The Sheriff’s response was not subjected to the auditing procedures applied
in the audit of the financial statements and, accordingly, we express no opinion on it.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the result of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
January 17, 2019
Collier County, Florida
Sheriff
Schedule of Findings and Responses
September 30, 2018
42
2018-001
Criteria: Management is responsible for establishing and maintaining internal controls to ensure that
transactions are properly recorded and reported in the financial statements in accordance with
accounting principles generally accepted in the United States of America.
Condition: The accounts of the internal service fund are not maintained within the general ledger of
the current financial application. Rather, the transactions are maintained in summary form on a monthly
basis using Excel. A reconciliation of the internal service fund is not performed throughout the year
and audit adjustments were required to correct balances and activity reported in the financial
statements.
Cause: Management has not implemented policies and procedures to account for and reconcile activity
in the internal service funds.
Effect: Material audit adjustments were required to correct the internal service fund amounts reported
in the financial statements.
Recommendation: We recommend that management develop policies and procedures to reconcile
internal service fund activity monthly and ensure that the finance department staff have the proper
training and understanding to perform and review the reconciliations.
Management’s response: The transactions of the internal service fund are now maintained in the
general ledger of the new financial system. We have developed procedures to ensure that information
on the internal service fund is received and reviewed monthly. This includes fund financial statements
prepared by our outside investment monitor, supporting bank and investment statements and
supporting calculations of investment income and fees. Finance Department staff has met with CLA
and will meet with our outside investment monitor to ensure that Finance Department team members
understand and are able to perform and review reconciliations on the information.
Collier County, Florida
Sheriff
Schedule of Findings and Responses
September 30, 2018
43
2018-002
Criteria: Management is responsible for establishing and maintaining internal controls to ensure that
transactions are properly recorded and reported in the financial statements in accordance with
accounting principles generally accepted in the United States of America.
Condition: Depreciation reported on certain assets placed into service during 2018 was incorrectly
calculated by the Sheriff’s accounting system. Management’s review did not detect the error.
Cause: The Sheriff implemented a new accounting system during 2018 and certain capital assets
classified as construction in-progress, upon being placed into service, were depreciated using a service
date that was incorrect.
Effect: Depreciation expense is overstated by approximately $194,000 in the financial statements. If
this issue in the Sheriff’s accounting system is not corrected, depreciation expense will be overstated
each time a construction in-progress asset is placed into service.
Recommendation: We recommend that management develop policies and procedures to recalculate
the system calculated deprecation regularly throughout the year. In addition, we recommend that
management work with their vendor to determine a solution to ensure the system’s capital asset module
properly calculates deprecation on all capital assets.
Management’s response: This issue is as a system constraint in how the depreciation was calculated
on certain assets. We are working with the system vendor to correct the issue as much as is possible
This issue was isolated to CIP assets that were imported into the new system from the legacy system.
There are some remaining CIP assets from the legacy system that will be placed into service over the
next 2-3 years. Since we identified the issue, affected assets and timeframe, we now have a plan in
place to monitor and make necessary adjustments to ensure that depreciation is accurately reported in
the financial statements.
44
MANAGEMENT LETTER
Honorable Kevin Rambosk
Sheriff
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the Collier County, Florida Sheriff (Sheriff), as of and for
the fiscal year ended September 30, 2018 and have issued our report thereon dated January 17, 2019.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America; the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor
General.
Other Reporting Requirements
We have issued our 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; and our Independent Accountants’ Report on an examination
conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding
compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General.
Disclosures in those reports, which are dated January 17, 2019, should be considered in conjunction
with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not
corrective actions have been taken to address findings and recommendations made in the preceding
annual financial audit report. Corrective actions have been taken to address findings and
recommendations made in the preceding annual financial audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal
authority for the primary government and each component unit of the reporting entity be disclosed in
this management letter, unless disclosed in the notes to the financial statements. See Note 1 in the notes
to the financial statements.
Honorable Kevin Rambosk
Sheriff
45
Financial Management
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any
recommendations to improve financial management. In connection with our audit, we did not have any
such recommendations.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with
provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred,
that have an effect on the financial statements that is less than material but which warrants the attention
of those charged with governance. In connection with our audit, we did not have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing
Committee, members of the Florida Senate and the Florida House of Representatives, the Florida
Auditor General, Federal and other granting agencies, and the Sheriff and applicable management, and
is not intended to be and should not be used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 17, 2019
46
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Kevin Rambosk
Sheriff
Collier County, Florida
We have examined the Collier County, Florida Sheriff’s (Sheriff) compliance with Section 218.415,
Florida Statutes, regarding the investment of public funds during the year ended September 30, 2018.
Management of the Sheriff is responsible for the Sheriff’s compliance with the specified requirements.
Our responsibility is to express an opinion on the Sheriff's compliance with the specified requirements
based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. Those standards require that we plan and perform the
examination to obtain reasonable assurance about whether the Sheriff complied, in all material
respects, with the specified requirements referenced above. An examination involves performing
procedures to obtain evidence about whether the Sheriff complied with the specified requirements. The
nature, timing, and extent of the procedures selected depend on our judgment, including an assessment
of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we
obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Sheriff’s compliance with specified
requirements.
In our opinion, the Sheriff complied, in all material respects, with Section 218.415, Florida Statutes,
regarding the investment of public funds during the year ended September 30, 2018.
This report is intended solely for the information and use of the Sheriff and the Auditor General, State
of Florida, and is not intended to be and should not be used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 17, 2019
47
INDEPENDENT ACCOUNTANTS’ REPORT
ON APPLYING AGREED-UPON PROCEDURES
Honorable Kevin Rambosk
Sheriff
Collier County, Florida
We have performed the procedures enumerated below, which were agreed to by management of the
Collier County, Florida Sheriff (Sheriff) on the Sheriff’s policies and procedures as defined by the
Sheriff over its investigative funds for the year ended September 30, 2018. The Sheriff’s
management is responsible for the Sheriff’s compliance with those procedures and policies. The
sufficiency of these procedures is solely the responsibility of the parties specified in this report.
Consequently, we make no representation regarding the sufficiency of the procedures described
below either for the purpose for which this report has been requested or for any other purpose.
The procedures we performed and our findings are summarized as follows:
We randomly selected 25 investigative fund disbursements during the fiscal year ended September
30, 2018 (the population sampled included transactions from October 1, 2017 through September 30,
2018), and performed the following procedures with respect to the Sheriff’s policies and procedures
over investigative funds:
1. We obtained the “Disbursement for Investigation” form and observed the form was properly
completed and authorized by appropriate personnel. No exceptions were noted.
2. We obtained the “Purchase of Evidence/Information Voucher” and observed the form was
properly completed to reflect the expenses incurred within the investigation procedures, the
investigative expenditures were properly supported, and the use of funds was for authorized
purposes. No exceptions were noted.
3. We observed the unused funds returned, if applicable, agreed to the corresponding deposit
and bank statement detail and observed the amount deposited agreed to the amount returned
per the “Receipt for Funds Received” form detail. No exceptions were noted.
Honorable Kevin Rambosk
Sheriff
48
This agreed-upon procedures engagement was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants. We were not engaged to, and
did not, conduct an examination or review, the objective of which would be the expression of an
opinion or conclusion, respectively, on the policies and procedures as defined by the Sheriff over its
investigative funds. Accordingly, we do not express such an opinion or conclusion. Had we
performed additional procedures, other matters might have come to our attention that would have
been reported to you.
This report is intended solely for the information and use of the management of the Sheriff and is not
intended to be, and should not be, used by anyone other than this specified party.
CliftonLarsonAllen LLP
Naples, Florida
January 17, 2019
Collier County, Florida
Supervisor of Elections
Financial Statements and
Supplemental Reports
Year Ended September 30, 2018
Collier County, Florida
Supervisor of Elections
Financial Statements and Other Reports
Year Ended September 30, 2018
Contents
Independent Auditors’ Report ..........................................................................................................1
Financial Statements
Balance Sheet – Governmental Funds .............................................................................................3
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Governmental Funds .....................................................................................................................4
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and
Actual – General Fund ..................................................................................................................5
Notes to Financial Statements ..........................................................................................................6
Other Reports
Independent Auditors’ Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance With Government Auditing Standards ..............................................20
Management Letter ........................................................................................................................22
Independent Accountants’ Report ..................................................................................................24
1
INDEPENDENT AUDITORS’ REPORT
Honorable Jennifer J. Edwards
Supervisor of Elections
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of each major fund of the Collier County, Florida
Supervisor of Elections (Supervisor), as of and for the year ended September 30, 2018, and the related notes
to the financial statements, which collectively comprise the Supervisor’s financial statements as listed in the
table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes the
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation
of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our
audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
Honorable Jennifer J. Edwards
Supervisor of Elections
2
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of each major fund of the Supervisor as of September 30, 2018, and the
respective changes in financial position and budgetary comparison of its general fund thereof for the year
then ended in accordance with accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the financial statements referred to above were prepared
solely for the purpose of complying with the Rules of the Auditor General of the State of Florida. In
conformity with the Rules, the accompanying financial statements are intended to present the financial
position and changes in financial position of each major fund, only for that portion of the major funds of
Collier County, Florida that is attributable to the Supervisor. They do not purport to, and do not, present
fairly the financial position of Collier County, Florida as of September 30, 2018, and the changes in its
financial position for the fiscal year then ended in conformity with accounting principles generally accepted
in the United States of America. Our opinion is not modified with respect to this matter.
Other Matters
Management has omitted management’s discussion and analysis that accounting principles generally
accepted in the United States of America require to be presented to supplement the basic financial
statements. Such missing information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. Our
opinion on the basic financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated January 18, 2019 on
our consideration of the Supervisor’s internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is solely to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of
the Supervisor’s internal control over financial reporting or on compliance. That report is an integral part of
an audit performed in accordance with Government Auditing Standards in considering the Supervisor’s
internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
January 18, 2019
Collier County, Florida
Supervisor of Elections
Balance Sheet – Governmental Funds
September 30, 2018
See accompanying Notes to Financial Statements
3
Grant
Special
General Revenue Total
Assets
Cash and cash equivalents 484,924$ 258,493$ 743,417$
Due from other funds - 395 395
Total assets 484,924$ 258,888$ 743,812$
Liabilities and fund balance
Liabilities:
Accounts payable 181,447$ -$ 181,447$
Accrued liabilities 102,416 - 102,416
Due to other funds 395 - 395
Due to Collier County, Florida
Board of County Commissioners 200,666 - 200,666
Total liabilities 484,924 - 484,924
Fund balances:
Restricted - 258,888 258,888
Total fund balances - 258,888 258,888
Total liabilities and fund balances 484,924$ 258,888$ 743,812$
Collier County, Florida
Supervisor of Elections
Statement of Revenues, Expenditures, and
Changes in Fund Balances – Governmental Funds
Year Ended September 30, 2018
See accompanying Notes to Financial Statements
4
Grant
Special
General Revenue Total
Revenues:
Intergovernmental -$ 308,278$ 308,278$
Interest - 922 922
Total revenues - 309,200 309,200
Expenditures:
General government:
Personal services 2,035,267 - 2,035,267
Operating 1,435,968 47,905 1,483,873
Capital outlay 40,839 7,086 47,925
Total expenditures 3,512,074 54,991 3,567,065
Excess (deficiency) of expenditures over revenues (3,512,074) 254,209 (3,257,865)
Other financing sources (uses):
Transfers in:
General Fund - 4,679 4,679
Collier County, Florida Board of
County Commissioners appropriations 3,702,100 - 3,702,100
Transfers out:
Special revenue fund (4,679) - (4,679)
Distribution of excess appropriations:
Collier County, Florida Board of
County Commissioners (185,347) - (185,347)
Total other financing sources (uses)3,512,074 4,679 3,516,753
Net change in fund balances - 258,888 258,888
Fund balances – beginning of the year - - -
Fund balances – end of the year -$ 258,888$ 258,888$
Collier County, Florida
Supervisor of Elections
Statement of Revenues, Expenditures, and
Changes in Fund Balances – Budget and Actual
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements
5
Variance
With Final
Budget
Positive
Original Final Actual
(Negative)
Revenues -$ -$ -$ -$
Expenditures:
General government:
Personal services 2,204,200 2,204,200 2,035,267 168,933
Operating 1,477,900 1,445,216 1,435,968 9,248
Capital outlay 20,000 48,005 40,839 7,166
Total expenditures 3,702,100 3,697,421 3,512,074 185,347
Excess (deficiency)of expenditures over revenues (3,702,100) (3,697,421) (3,512,074) 185,347
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of
County Commissioners appropriations 3,702,100 3,702,100 3,702,100 -
Transfers out:
Special Revenue Fund - (4,679) (4,679) -
Distribution of excess appropriations:
Collier County, Florida Board of
County Commissioners - - (185,347) (185,347)
Total other financing sources (uses)3,702,100 3,697,421 3,512,074 (185,347)
Net change in fund balance - - - -
Fund balance – beginning of the year - - - -
Fund balance – end of the year -$ -$ -$ -$
Budget
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
6
1. Summary of Significant Accounting Policies
Reporting Entity
The Collier County, Florida Supervisor of Elections (Supervisor) is an elected constitutional
officer as provided for by the Constitution of the State of Florida. Pursuant to Chapter 129,
Florida Statutes, the Supervisor of Elections’ budget is submitted to the Collier County, Florida
Board of County Commissioners (Board) for approval.
The financial statements presented include the general fund and grant special revenue fund of the
Supervisor’s office. The accompanying financial statements have been prepared for the purpose
of complying with Section 218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor
General – Local Governmental Entity Audits, which allows the Supervisor to only present fund
financial statements. These financial statements present only the portion of the funds of Collier
County, Florida that are attributable to the Supervisor. They are not intended to present fairly the
financial position and results of operations of Collier County, Florida in conformity with
accounting principles generally accepted in the United States of America.
The financial activities of the Supervisor, as a constitutional officer, are included in the Collier
County, Florida Comprehensive Annual Financial Report. There are no separate legal entities
(component units) for which the Supervisor is considered to be financially accountable.
The general operations of the Supervisor are funded by appropriations from the Collier County,
Florida Board of County Commissioners (Board), and grant revenue is funded from the State of
Florida. Pursuant to Chapter 218, Florida Statutes, funds remaining in the general fund at fiscal
year-end, in excess of amounts expended, are returned to the Board. Excess revenues returned to
the Board are reflected as transfers out in the Supervisor’s general fund. The special revenue
fund of the Supervisor is not budgeted and is governed by grant agreements.
As a result of the budgetary oversight by the Board and financial dependency on the Board, the
financial activities of the Supervisor are included in the Collier County, Florida Comprehensive
Annual Financial Report.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
7
1. Summary of Significant Accounting Policies (continued)
Measurement Focus, Basis of Accounting, and Basis of Presentation
These fund financial statements report detailed information about the Supervisor. The focus of
governmental fund financial statements is on major funds rather than reporting funds by type.
Each major fund is reported in a separate column.
Governmental Funds
Governmental funds are accounted for using the flow of current financial resources measurement
focus. Only current assets and current liabilities, generally, are included on the balance sheet.
Operating statements for these funds present increases (i.e., revenues and other financing
sources) and decreases (i.e., expenditures and other financing uses) in net current assets.
The Supervisor has the following major governmental funds:
General Fund – The general fund is used to account for the general operations of the Supervisor,
and includes all revenues and expenditures which are not accounted for in another fund.
Grant Special Revenue Fund – The grants fund is used to account for the activities of voter
education and poll worker training grants from the State of Florida.
The modified accrual basis of accounting is used by governmental funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become measurable and available to finance liabilities of the current fiscal year). For this
purpose, the Supervisor considers revenues to be available if they are collected within 60 days
after year-end. Expenditures are recorded when the related fund liability is incurred, except for
compensated absences, which are recognized as expenditures to the extent they have matured.
The appropriations from the Board are the primary source of funds considered to be susceptible
to accrual.
Intergovernmental revenues are recognized when eligibility requirements are met and related
amounts are available from the grantor.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
8
1. Summary of Significant Accounting Policies (continued)
Governmental Funds (continued)
Interest income and other revenues are recognized as they are earned and become measurable
and available to pay liabilities of the current period.
Florida Statutes provide that the amount by which revenues and transfers exceed annual
expenditures be remitted to the Board immediately following the fiscal year for which the
funding was provided or following the fiscal year during which other revenue was recognized.
The amount of this distribution is recorded as a liability and as an other financing use in the
accompanying financial statements.
Capital outlays expended in general fund operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Supervisor.
Cash Equivalents
Cash equivalents are defined as highly liquid investments with original maturities of three
months or less.
Compensated Absences
All full-time employees of the Supervisor are allowed to accumulate an unlimited number of
hours of unused sick time and up to 440 hours of unused vacation leave. Effective October 1,
2007, the vacation leave limit was increased to 480 hours, with Supervisor approval. Upon
termination, employees receive 100% of allowable accumulated vacation hours and a percentage
of unused sick leave, depending on years of service. Vacation time and sick leave are included in
operating costs of the general fund when the payments are made to employees. The Supervisor
does not, nor is legally required to accumulate financial resources for these unmatured
obligations. Accordingly, the liability for compensated absences is not reported in the general
fund of the Supervisor, but rather is reported in the basic financial statements of Collier County,
Florida.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
9
1. Summary of Significant Accounting Policies (continued)
Use of Estimates
The preparation of the financial statements requires management of the Supervisor to make a
number of estimates and assumptions relating to the reported amounts of assets and liabilities
and the disclosure of contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenditures during the period. Actual results could differ
from those estimates.
Fund Balance Reporting and Governmental Fund-Type Definitions
Fund balances are classified either as non-spendable or as spendable. Spendable fund balances
are further classified in a hierarchy based on the extent to which there are external and/or internal
constraints in how fund balance amounts may be spent.
Non-spendable fund balances include amounts that cannot be spent because they are not in
spendable form or are legally or contractually required to be maintained intact. The Supervisor
did not have any non-spendable fund balances as of September 30, 2018.
Spendable fund balances are classified based on a hierarchy of the Supervisor’s ability to control
the spending of these fund balances and are reported in the following categories: restricted,
committed, assigned and unassigned. The Supervisor’s fund balances for the Grant Special
Revenue Fund fall into the spendable restricted category. Fund balances maintained in the Grant
Special Revenue Fund are restricted pursuant to specific grant agreements, and have been
presented in the fund financial statements in accordance with GASB Statement No. 54.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
10
2. Budgetary Process
Florida Statutes govern the preparation, adoption and administration of the Supervisor’s annual
budget. The Supervisor submits a budget for the general fund to the Board for approval. The
budget is prepared on a basis consistent with accounting principles generally accepted in the
United States of America. The annual budget serves as the legal authorization for expenditures.
Any subsequent amendments to the Supervisor’s total budget must be approved by the Board.
Expenditures may not legally exceed appropriations at the fund level. Appropriations lapse at
year-end. Budgetary control is maintained at the departmental major object expenditure
level. Budgetary changes within major object expenditure categories are made at the discretion
of the Supervisor.
The Supervisor does not budget for the grant special revenue fund as it is funded by state grants
and is governed by those documents.
The original budget is the first complete appropriated budget. The final budget is the original
budget adjusted by all reserves, transfers, allocations, supplemental appropriations, and other
legally authorized changes applicable to the fiscal year, whenever legally authorized.
3. Cash and Cash Equivalents
At September 30, 2018, the carrying value of the Supervisor’s cash and cash equivalents was as
follows:
Carrying Credit
Type Value Rating
Cash on hand $ 200
N/A
Demand deposits 743,217 N/A
Total cash and cash equivalents $ 743,417
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
11
3. Cash and Cash Equivalents (continued)
Custodial Credit Risk
At September 30, 2018, the Supervisor’s deposits were entirely covered by Federal Depository
Insurance or by collateral pledged with the State Treasurer pursuant to Chapter 280, Florida
Statutes. Under this Chapter, in the event of default by a participating financial institution (a
qualified public depository), all participating institutions are obligated to reimburse the
governmental entity for the loss.
Credit Risk
The Supervisor’s policy is to follow the guidance in Section 219.075, Florida Statutes, regarding
the deposit of funds received and the investment of surplus funds. Sections 219.075 and 218.415,
Florida Statutes, authorize the Supervisor to invest in Florida PRIME (formerly the Local
Government Surplus Funds Trust Fund) or any intergovernmental investment pool authorized
pursuant to the Florida Interlocal Cooperation Act; Securities and Exchange Commission
registered money market funds with the highest credit quality rating from a nationally recognized
rating agency; direct obligations of the United States Treasury; federal agencies and
instrumentalities or interest-bearing time deposits or savings accounts in banks organized under
the laws of the United States and doing business and situated in the State of Florida, savings and
loan associations which are under state supervision, or in federal savings and loan associations
located in the State of Florida and organized under federal law and federal supervision, provided
that any such deposits are secured by collateral as may be prescribed by law. The pool is
administered by the State Treasurer, who may make additional assessments to ensure that no
public funds will be lost.
Interest Rate Risk
The Supervisor has no specific investment policy regarding interest rate risk.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
12
4. Capital Assets
Capital assets used by the Supervisor are capitalized in the basic financial statements of Collier
County, Florida rather than in the governmental funds of the Supervisor. Upon acquisition, such
assets are recorded as expenditures in the general fund of the Supervisor and are capitalized at
cost in the basic financial statements of Collier County, Florida. Capital assets are valued at
historical cost or estimated historical cost if actual historical cost is not available. Donated
capital assets are valued at acquisition value on the date received.
The Supervisor maintains custodial responsibility for the capital assets used by the office. No
depreciation expense has been provided on capital assets in these financial statements. However,
depreciation expense is recorded in the basic financial statements of Collier County, Florida.
The following is a summary of changes in capital assets, which are reported in the basic financial
statements of Collier County, Florida:
October 1, September 30,
2017 Additions Deductions 2018
Machinery and equipment 1,240,230$ 47,925$ (593,766)$ 694,389$
Less accumulated depreciation (1,058,704) (67,481) 593,766 (532,419)
Machinery and equipment, net 181,526$ (19,556)$ -$ 161,970$
5. Long-Term Liabilities
The following is a summary of changes in long-term liabilities, which are reported in the basic
financial statements of Collier County, Florida:
October 1, September 30,
2017 Additions Deletions 2018
Accrued compensated
absences
$ 196,168
$ 133,057
$ 122,789
$ 206,436
Of these liabilities, approximately $121,797 is expected to be paid during the fiscal year
ending September 30, 2019, which will be included in the operating costs of the general
fund when expended. These long-term liabilities are not reported in the financial statements
of the Supervisor since they have not matured.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
13
6. Pension Plans
Background
The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a
defined benefit pension plan for participating public employees. The FRS was amended in 1998 to
add the Deferred Retirement Option Program under the defined benefit plan and amended in 2000 to
provide a defined contribution plan alternative to the defined benefit plan for FRS members effective
July 1, 2002. This integrated defined contribution pension plan is the FRS Investment Plan. Chapter
112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS) Program, a cost-
sharing multiple-employer defined benefit pension plan, to assist retired members of any State-
administered retirement system in paying the costs of health insurance.
Essentially all regular employees of the Supervisor are eligible to enroll as members of the State-
administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122, Florida
Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and FRS Rules,
Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits are
defined and described in detail. Such provisions may be amended at any time by further action from
the Florida Legislature. The FRS is a single retirement system administered by the Florida
Department of Management Services, Division of Retirement, and consists of the two cost-sharing,
multiple-employer defined benefit plans and other nonintegrated programs. A comprehensive annual
financial report of the FRS, which includes its financial statements, required supplementary
information, actuarial report, and other relevant information, is available from the Florida
Department of Management Services’ Web site (www.dms.myflorida.com).
Florida Retirement System Pension Plan
Plan Description
The Florida Retirement System Pension Plan (FRS Plan) is a cost-sharing multiple-employer defined
benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible employees.
The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other classes.
Elected County Officers Class – Members who hold specified elective offices in local government.
Senior Management Service Class (SMSC) – Members in senior management level positions.
Special Risk Class – Members who are special risk employees, such as law enforcement officers,
meet the criteria to qualify for this class.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
14
6. Pension Plans (continued)
Florida Retirement System Pension Plan (continued)
Plan Description (continued)
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and
employees enrolled in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable service. All
vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at age 62,
or at any age after 30 years of service, except for members classified as special risk who are eligible
for normal retirement benefits at age 55 or at any age after 25 years of service. All members enrolled
in the FRS Plan on or after July 1, 2011, once vested, are eligible for normal retirement benefits at
age 65 or any time after 33 years of creditable service, except for members classified as special risk
who are eligible for normal retirement benefits at age 60 or at any age after 30 years of service.
Employees enrolled in the FRS Plan may include up to 4 years of credit for military service toward
creditable service. The FRS Plan also includes an early retirement provision; however, there is a
benefit reduction for each year a member retires before his or her normal retirement date. The FRS
Plan provides retirement, disability, death benefits, and annual cost-of-living adjustments to eligible
participants.
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for
normal retirement under the FRS Plan to defer receipt of monthly benefit payments while continuing
employment with an FRS participating employer. An employee may participate in DROP for a
period not to exceed 60 months after electing to participate, except that certain instructional
personnel may participate for up to 96 months. During the period of DROP participation, deferred
monthly benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does
not include amounts for DROP participants, as these members are considered retired and are not
accruing additional pension benefits.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
15
6. Pension Plans (continued)
Florida Retirement System Pension Plan (continued)
Benefits Provided
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final
compensation, and service credit. Credit for each year of service is expressed as a percentage of the
average final compensation. For members initially enrolled before July 1, 2011, the average final
compensation is the average of the 5 highest fiscal years’ earnings; for members initially enrolled on
or after July 1, 2011, the average final compensation is the average of the 8 highest fiscal years’
earnings. The total percentage value of the benefit received is determined by calculating the total
value of all service, which is based on the retirement class to which the member belonged when the
service credit was earned. Members are eligible for in-line-of-duty or regular disability and
survivors’ benefits.
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS
before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-living
adjustment is 3 percent per year. If the member is initially enrolled before July 1, 2011, and has
service credit on or after July 1, 2011, there is an individually calculated cost-of-living adjustment.
The annual cost-of-living adjustment is a proportion of 3 percent determined by dividing the sum of
the pre-July 2011 service credit by the total service credit at retirement multiplied by 3 percent. FRS
Plan members initially enrolled on or after July 1, 2011, will not have a cost-of-living adjustment
after retirement.
Detailed information about the County’s proportionate share of FRS’s net pension liability, deferred
outflows/inflows of resources, and pension expense are reported in the government-wide statements
of the County.
Retiree Health Insurance Subsidy Program
Plan Description
The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost-sharing multiple-employer
defined benefit pension plan established under Section 112.363, Florida Statutes, and may be
amended by the Florida Legislature at any time. The benefit is a monthly payment to assist retirees of
State-administered retirement systems in paying their health insurance costs and is administered by
the Florida Department of Management Services, Division of Retirement.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
16
6. Pension Plans (continued)
Retiree Health Insurance Subsidy Program (continued)
Benefits Provided
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly HIS
payment of $5 for each year of creditable service completed at the time of retirement, with a
minimum HIS payment of $30 and a maximum HIS payment of $150 per month, pursuant to Section
112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a State-
administered retirement system must provide proof of health insurance coverage, which may include
Medicare.
Detailed information about the County’s proportionate share of HIS’s net pension liability, deferred
outflows/inflows of resources, and pension expense are reported in the government-wide statements
of the County.
FRS Investment Plan
The Florida State Board of Administration (SBA) administers the defined contribution plan officially
titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the SBA’s
annual financial statements and in the State of Florida Comprehensive Annual Financial Report.
As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate in
the Investment Plan in lieu of the FRS defined benefit plan. Supervisor employees participating in
DROP are not eligible to participate in the Investment Plan. Employer and employee contributions,
including amounts contributed to individual member’s accounts, are defined by law, but the ultimate
benefit depends in part on the performance of investment funds. Benefit terms, including contribution
requirements, for the Investment Plan are established and may be amended by the Florida
Legislature. The Investment Plan is funded with the same employer and employee contribution rates
that are based on salary and membership class (Regular Class, Elected County Officers, etc.), as the
FRS defined benefit plan. Contributions are directed to individual member accounts, and the
individual members allocate contributions and account balances among various approved investment
choices. Costs of administering plan, including the FRS Financial Guidance Program, are funded
through an employer contribution of 0.06 percent of payroll and by forfeited benefits of plan
members.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
17
6. Pension Plans (continued)
FRS Investment Plan (continued)
For all membership classes, employees are immediately vested in their own contributions and are
vested after 1 year of service for employer contributions and investment earnings. If an accumulated
benefit obligation for service credit originally earned under the FRS Pension Plan is transferred to the
Investment Plan, the member must have the years of service required for FRS Pension Plan vesting
(including the service credit represented by the transferred funds) to be vested for these funds and the
earnings on the funds. Non-vested employer contributions are placed in a suspense account for up to
5 years. If the employee returns to FRS-covered employment within the 5-year period, the employee
will regain control over their account. If the employee does not return within the 5-year period, the
employee will forfeit the accumulated account balance. For the fiscal year ended June 30, 2018, the
information for the amount of forfeitures was unavailable from the SBA; however, management
believes that these amounts, if any, would be immaterial to the Supervisor.
After termination and applying to receive benefits, the member may rollover vested funds to another
qualified plan, structure a periodic payment under the Investment Plan, receive a lump-sum
distribution, leave the funds invested for future distribution, or any combination of these options.
Disability coverage is provided; the member may either transfer the account balance to the FRS
Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits
under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account balance for
retirement income.
Contributions
Participating employer contributions are based upon statewide rates established by the State of
Florida. The Supervisor’s contributions made to the plans during the years ended September 30,
2018, 2017 and 2016, were $130,124 $115,546 and $114,600 respectively, equal to the
actuarially determined contribution requirements for each year.
Additional information about pension plans can be found in the County’s comprehensive annual
financial report.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
18
7. Related-Party Transactions
For the year ended September 30, 2018, the Board provided funding for the Supervisor that
amounted to $3,702,100. At September 30, 2018, the Supervisor had a payable due to the Board
of $200,666 comprised as follows:
Distribution of excess appropriations $ 185,347
Distribution of interest earnings 13,646
Amounts due for various services 1,674
Total due to Board of County Commissioners $ 200,666
8. Risk Management
Collier County, Florida (County) is exposed to various risks of loss including, but not limited to,
general liability, health and life, property and casualty, auto and physical damage and workers’
compensation. The County is substantially self-insured and accounts for and finances its risk of
uninsured losses through an internal service fund. All liabilities associated with these self-
insured risks are reported in the basic financial statements of the County. The Supervisor
participates in the County’s self-insurance program. During the year ended September 30, 2018,
the Supervisor was charged $264,792 by the County for participation in the risk management
program.
The County retains the first $500,000 per claim for workers’ compensation, and has purchased
outside excess coverage for up to statutory limit for each injury or illness. The County also
provides coverage for up to $500,000 per occurrence for general liability and $300,000 per
occurrence for auto liability coverage and has purchased outside excess coverage for up to $5
million per claim. Negligence claims in excess of the statutory limits set in Section 768.28,
Florida Statutes, which provide for limited sovereign immunity of $200,000/$300,000 per
occurrence can only be recovered through an act of the State Legislature. Property claims
are subject to a 5 percent wind deductible and a $50,000 deductible for all other perils. The
County retains the first $100,000 per claim/$200,000 per occurrence for public official errors
and omissions and crime coverage and has purchased outside excess coverage for up to $5
million per claim. There have been no significant reductions in insurance coverage in the last
year. Settled claims have not exceeded the insurance provided by third-party carriers in any of
the last three years.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2018
19
8. Risk Management (continued)
The County is self-insured for health claims covering all of its employees and their eligible
dependents. The County retains the first $450,000 per covered member and has purchased
outside excess coverage for all claims exceeding this amount. An actuarial valuation is
performed each year to estimate the amounts needed to pay prior and future claims and to
establish reserves.
9. Other Postemployment Benefits
In accordance with Section 112.0801, Florida Statutes, the Supervisor participates with Collier
County in offering retiring employees the opportunity to continue participation in the County’s
health insurance plan. The participating retirees pay 100% of the premium cost applicable to an
active employee. The liability and expense for other postemployment benefits, calculated in
accordance with Governmental Accounting Standards Board Statement No. 75 Accounting and
Financial Reporting for Postemployment Benefits Other Than Pensions, are reported in the
financial statements of the County.
10. Contingencies
Grant funds received by the Supervisor are subject to audit by grantor agencies. Audits of these
grants may result in disallowed costs, which may constitute a liability of the office of the
Supervisor. In the opinion of management, disallowed costs, if any, would not have a significant
impact on the financial position of the Supervisor.
11. Transfers
Transfers between funds are for the purpose of providing matching funds to the Supervisor’s
grants. Transfers were required in the amount of $4,679 for the year ending September 30, 2018.
20
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED
ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Honorable Jennifer J. Edwards
Supervisor of Elections
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards issued
by the Comptroller General of the United States, the financial statements of each major fund of the Collier
County, Florida Supervisor of Elections (Supervisor), as of and for the year ended September 30, 2018, and
the related notes to the financial statements, which collectively comprise the Supervisor’s financial
statements, and have issued our report thereon dated January 18, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Supervisor’s internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose
of expressing an opinion on the effectiveness of the Supervisor’s internal control. Accordingly, we do not
express an opinion on the effectiveness of the Supervisor’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management
or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in
internal control, such that there is a reasonable possibility that a material misstatement of the entity’s
financial statements will not be prevented, or detected and corrected on a timely basis. A significant
deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a
material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material weaknesses
or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in
internal control that we consider to be material weaknesses. However, material weaknesses may exist that
have not been identified.
Honorable Jennifer J. Edwards
Supervisor of Elections
21
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Supervisor’s financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results
of our tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly,
this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
January 18, 2019
22
MANAGEMENT LETTER
Honorable Jennifer J. Edwards
Supervisor of Elections
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the Collier County, Florida Supervisor of Elections (Supervisor)
as of and for the fiscal year ended September 30, 2018 and have issued our report thereon dated
January 18, 2019.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America; the standards applicable to financial audits contained in Government Auditing Standards, issued by
the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our 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 and Independent Accountants’ Report on an examination conducted in
accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in
accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated
January 18, 2019, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective
actions have been taken to address findings and recommendations made in the preceding annual financial
audit report. There were no findings and recommendations reported in the preceding annual financial audit
report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal
authority for the primary government and each component unit of the reporting entity be disclosed in this
management letter, unless disclosed in the notes to the financial statements. See Note 1 in the notes to the
financial statements.
Honorable Jennifer J. Edwards
Supervisor of Elections
23
Financial Management
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to
improve financial management. In connection with our audit, we did not have any such recommendations.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with
provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that
have an effect on the financial statements that is less than material but which warrants the attention of those
charged with governance. In connection with our audit, we did not note any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing Committee,
members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General,
Federal and other granting agencies, the Supervisor and applicable management, and is not intended to be
and should not be used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 18, 2019
24
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Jennifer J. Edwards
Supervisor of Elections
Collier County, Florida
We have examined the Collier County, Florida Supervisor of Elections’ (Supervisor) compliance with
Section 218.415, Florida Statutes, regarding the investment of public funds, during the year ended
September 30, 2018. Management of the Supervisor is responsible for the Supervisor’s compliance with the
specified requirements. Our responsibility is to express an opinion on the Supervisor’s compliance with the
specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. Those standards require that we plan and perform the examination
to obtain reasonable assurance about whether the Supervisor complied, in all material respects, with the
specified requirements referenced above. An examination involves performing procedures to obtain evidence
about whether the Supervisor complied with the specified requirements. The nature, timing, and extent of the
procedures selected depend on our judgment, including an assessment of the risks of material
noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and
appropriate to provide a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Supervisor’s compliance with specified
requirements.
In our opinion, the Supervisor complied, in all material respects, with Section 218.415, Florida Statutes,
regarding the investment of public funds during the year ended September 30, 2018.
This report is intended solely for the information and use of the Supervisor and the Auditor General, State of
Florida, and is not intended to be and should not be used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
January 18, 2019
Collier County, Florida
Tax Collector
Financial Statements and
Supplemental Reports
Years Ended September 30, 2018 and 2017
Collier County, Florida
Tax Collector
Financial Statements and Other Reports
Years Ended September 30, 2018 and 2017
Contents
Independent Auditors’ Report ..........................................................................................................1
Financial Statements
Balance Sheets – General Fund ....................................................................................................3
Statements of Revenues, Expenditures, and Changes in Fund
Balance – General Fund .............................................................................................................4
Statement of Revenues, Expenditures, and Changes in Fund
Balance – Budget to Actual – General Fund .............................................................................5
Statements of Fiduciary Net Position – Agency Funds ................................................................6
Notes to Financial Statements .......................................................................................................7
Other Reports
Independent Auditors’ Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards ................................................................24
Management Letter ........................................................................................................................26
Independent Accountants’ Report ..................................................................................................28
1
INDEPENDENT AUDITORS’ REPORT
Honorable Larry H. Ray
Tax Collector
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of the general fund and the aggregate remaining fund
information of the Collier County, Florida Tax Collector (Tax Collector), as of and for the years ended
September 30, 2018 and 2017, and the related notes to the financial statements, which collectively comprise
the Tax Collector’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of
financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audits. We conducted our
audits in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
Honorable Larry H. Ray
Tax Collector
2
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the general fund and the aggregate remaining fund information of the Tax Collector as of
September 30, 2018 and 2017, and the respective changes in financial position for the years then ended and the
budgetary comparison for the general fund thereof for the year ended September 30, 2018, in accordance with
accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the financial statements referred to above were prepared
solely for the purpose of complying with the Rules of the Auditor General of the State of Florida. In conformity
with the Rules, the accompanying financial statements are intended to present the financial position and
changes in financial position of each major fund, and the aggregate remaining fund information, only for that
portion of the major funds, and the aggregate remaining fund information, of Collier County, Florida that is
attributable to the Tax Collector. They do not purport to, and do not, present fairly the financial position of
Collier County, Florida as of September 30, 2018 and 2017, and the changes in its financial position for the
fiscal years then ended in conformity with accounting principles generally accepted in the United States of
America. Our opinion is not modified with respect to this matter.
Other Matters
Required Supplementary Information
Management has omitted management’s discussion and analysis that accounting principles generally accepted
in the United States of America require to be presented to supplement the basic financial statements. Such
missing information, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic
financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 21, 2018
on our consideration of the Tax Collector’s internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is solely to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of
the Tax Collector’s internal control over financial reporting or on compliance. That report is an integral part of
an audit performed in accordance with Government Auditing Standards in considering the Tax Collector’s
internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
December 21, 2018
Collier County, Florida
Tax Collector
Balance Sheets – General Fund
See accompanying Notes to Financial Statements.
3
2018 2017
Assets
Cash and cash equivalents 9,349,680$ 7,222,230$
Accounts receivable - 4,678
Due from other funds 100,595 62,712
Prepaid rent 29,608 28,921
Prepaid expense 3,606 6,842
Security deposit 4,628 4,628
Total assets 9,488,117$ 7,330,011$
Liabilities and fund balance
Liabilities:
Accounts payable 154,028$ 191,873$
Due to Collier County, Florida Board of
County Commissioners 8,175,198 6,255,593
Due to other governmental agencies 1,138,651 787,451
Other current liabilities 20,240 95,094
Total liabilities 9,488,117 7,330,011
Fund balance - -
Total liabilities and fund balance 9,488,117$ 7,330,011$
September 30,
Collier County, Florida
Tax Collector
Statements of Revenues, Expenditures, and
Changes in Fund Balance
General Fund
See accompanying Notes to Financial Statements.
4
2018 2017
Revenues:
Commissions and fees 22,625,793$ 20,996,583$
Miscellaneous 249,076 453,665
Total revenues 22,874,869 21,450,248
Expenditures:
General government:
Personal services 10,684,424 10,507,089
Operating 2,252,976 2,125,375
Capital outlay 623,620 1,774,740
Total expenditures 13,561,020 14,407,204
Excess of revenues over expenditures 9,313,849 7,043,044
Other financing uses:
Distribution of excess commissions and
fees to Collier County, Florida Board of County
Commissioners (8,175,198) (6,255,593)
Distribution of excess commissions and
fees to other governmental agencies (1,138,651) (787,451)
Total other financing uses (9,313,849) (7,043,044)
Net change in fund balance - -
Fund balance, beginning of year - -
Fund balance, end of year -$ -$
Year Ended September 30,
Collier County, Florida
Tax Collector
Statement of Revenues, Expenditures, and
Changes in Fund Balance – Budget to Actual
General Fund
Year Ended September 30, 2018
See accompanying Notes to Financial Statements.
5
Variance With
Final Budget
Positive
Original Final Actual (Negative)
Revenues:
Commissions and fees 21,456,508$ 21,456,508$ 22,625,793$ 1,169,285$
Miscellaneous 250,200 250,200 249,076 (1,124)
Total revenues 21,706,708 21,706,708 22,874,869 1,168,161
Expenditures:
General government:
Personal services 11,374,486 11,390,778 10,684,424 706,354
Operating 2,610,418 2,610,418 2,252,976 357,442
Capital outlay 627,587 627,587 623,620 3,967
Total expenditures 14,612,491 14,628,783 13,561,020 1,067,763
Balance of revenues over expenditures 7,094,217 7,077,925 9,313,849 2,235,924
Other financing uses:
Distribution of excess commissions and
fees to Collier County, Florida
Board of County Commissioners (6,226,924) (6,212,624) (8,175,198) (1,962,574)
Distribution of excess commissions
and fees to other governmental
agencies (867,293) (865,301) (1,138,651) (273,350)
Total other financing uses (7,094,217) (7,077,925) (9,313,849) (2,235,924)
Net change in fund balance - - - -
Fund balance, beginning of year - - - -
Fund balance, end of year -$ -$ -$ -$
Budget
Collier County, Florida
Tax Collector
Statements of Fiduciary Net Position
Agency Funds
See accompanying Notes to Financial Statements.
6
2018 2017
Assets
Cash and cash equivalents 6,354,628$ 6,271,609$
Accounts receivable 32,959 50,324
Total assets 6,387,587$ 6,321,933$
Liabilities
Due to other funds 100,594$ 62,712$
Due to Collier County, Florida Board of
County Commissioners 1,139,571 879,823
Due to other governmental agencies 5,077,456 5,342,341
Due to individuals and businesses 69,966 37,057
Total liabilities 6,387,587$ 6,321,933$
September 30,
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
7
1. Summary of Significant Accounting Policies
Reporting Entity
The Tax Collector is an elected official of the County, pursuant to the Constitution of the State of
Florida, Article VIII, Section 1(d). The Tax Collector is part of the primary government of the
County. Although the Florida Department of Revenue approves the Tax Collector’s operating
budget, the Tax Collector is responsible for the administration and the operation of the Tax
Collector’s office. Upon approval, the operating budget is provided to the Collier County Board of
County Commissioners (Board). The Tax Collector’s financial statements include only the funds
of the Tax Collector’s office. There are no separate legal entities (component units) for which the
Tax Collector is considered to be financially accountable.
Measurement Focus, Basis of Accounting, and Basis of Presentation
These financial statements have been prepared for the purpose of complying with
Section 218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor General – Local
Governmental Entity Audits, which allows the Tax Collector to only present fund financial
statements. These financial statements present only the portion of the funds of Collier County,
Florida that are attributable to the Tax Collector. They are not intended to present fairly the
financial position and results of operations of Collier County, Florida in conformity with
accounting principles generally accepted in the United States of America.
The financial activities of the Tax Collector, as a constitutional officer, are included in the Collier
County, Florida Comprehensive Annual Financial Report.
These fund financial statements report detailed information about the Tax Collector. The focus of
governmental fund financial statements is on major funds rather than reporting funds by type. Each
major fund is reported in a separate column.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
8
1. Summary of Significant Accounting Policies (continued)
Governmental Funds
Governmental funds are accounted for using the flow of current financial resources measurement
focus. Only current assets and current liabilities, generally, are included on the balance sheets.
Operating statements for these funds present increases (i.e., revenues and other financing sources)
and decreases (i.e., expenditures and other financing uses) in net current assets. The Tax
Collector’s only governmental fund is the general fund. The general fund is used to account for the
general operations of the Tax Collector and includes all transactions not accounted for in another
fund.
The modified accrual basis of accounting is used by governmental funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become measurable and available to finance liabilities of the current fiscal year). For this purpose,
the Tax Collector considers revenues to be available if they are collected within 60 days after
year-end. Expenditures are recorded when the related fund liability is incurred, except for certain
compensated absences, which are recognized as expenditures to the extent they have matured.
Interest income and other revenue are recognized as they are earned and become measurable and
available to pay liabilities of the current period.
Substantially all of the Tax Collector’s revenue is received from taxing authorities. These monies
are virtually unrestricted and are revocable only for failure to comply with prescribed compliance
requirements. These resources are reflected as revenue at the time of receipt; earlier if the
“susceptible to accrual” criteria are met.
Florida Statutes provide that the amount by which revenues exceed annual expenditures be
remitted to each governmental agency or the Board immediately following the fiscal year for
which the funding was provided or following the fiscal year during which other revenue was
recognized.
Capital outlays expended in the general fund operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Tax Collector.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
9
1. Summary of Significant Accounting Policies (continued)
Fiduciary Funds
Agency funds – Fiduciary funds are used to account for assets held by the Tax Collector in a
trustee capacity or as an agent for individuals, private organizations, and other governments.
Agency funds are custodial in nature (assets equal liabilities), and do not involve measurement of
results of operations or have a measurement focus. Agency funds are accounted for using the
accrual basis of accounting.
Refund of “Excess Fees”
Florida Statutes further provide that the excess of revenues over expenditures held by the Tax
Collector be distributed to each governmental agency or the Board in the same proportion as the
fees paid by each governmental agency bear to total fee revenues. The amount of this distribution
is recorded as a liability and as an other financing use-transfer out in the accompanying financial
statements.
Compensated Absences
All full-time employees of the Tax Collector are allowed to accumulate an unlimited number of
hours of unused sick leave and up to 240 hours of unused vacation leave. Upon termination,
employees receive 100% of allowable accumulated vacation hours and a percentage of unused sick
leave, depending on years of service. Vacation and sick leave payments are included in operating
costs of the general fund when the payments are made to the employees. The Tax Collector does
not, nor is legally required to, accumulate financial resources for these unmatured obligations.
Accordingly, the liability for compensated absences is not reported in the general fund of the Tax
Collector, but rather is reported in the basic financial statements of Collier County, Florida.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
10
1. Summary of Significant Accounting Policies (continued)
Property Taxes
Property taxes in Collier County are levied by the Board and other taxing authorities. The millage
levies are determined on the basis of estimates of revenue needs and the total taxable valuations
within the jurisdiction of the Board and other taxing authorities. No aggregate ad valorem tax
millage in excess of 10 mills on the dollar can be levied by the Board against property in the
County as specified in Florida Statutes, Section 200.071.
Each year the total taxable property valuation is established by the Collier County, Florida
Property Appraiser, and the list of property assessments is submitted to the State Department of
Revenue for approval. Taxes, assessed as of January 1 of each year, are due and payable on
November 1 of each year or as soon thereafter as the assessment roll is opened for collection.
Pursuant to Florida law, all owners of property have the responsibility of ascertaining the amount
due and paying it before April 1 of the year following the year in which the tax was assessed.
Chapter 197, Florida Statutes, governs property tax collections as follows:
Current Taxes
All property taxes become due and payable on November 1, and are delinquent on April 1 of
the following year. Discounts are allowed for early payment of 4% in November; 3% in
December; 2% in January; and 1% for payment in February.
Unpaid Taxes – Sale of Tax Certificates
The Tax Collector advertises, as required by Florida Statutes, and sells tax certificates on all
real property for unpaid taxes. The taxes assessed on the property are struck off the tax roll to
the purchaser of the tax certificate. Certificates not sold are struck off to the County. The Tax
Collector must receive payment before the certificates are delivered. Any person owning land
upon which a tax certificate has been sold may redeem the tax certificate by paying the Tax
Collector the face amount of the tax certificate plus interest and other costs.
Tax Deeds
Two years after the purchase of a tax certificate the owner may file an application for tax deed
sale. The County, as a certificate owner, exercises similar procedures. Tax deeds are issued to
the highest bidder for the property which is sold at public auction. The Clerk of the Circuit
Court administers these sales.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
11
1. Summary of Significant Accounting Policies (continued)
Use of Estimates
The preparation of these financial statements requires management of the Tax Collector to make a
number of estimates and assumptions relating to the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenditures during the period. Actual results could differ from
those estimates.
2. Budgetary Process
Florida Statutes govern the preparation, adoption, and administration of the Tax Collector’s
annual budget. The Tax Collector submits a budget for the general fund to the Florida Department
of Revenue for approval. A copy of the approved budget is provided to the Board. Any subsequent
amendments to the Tax Collector’s total budget must be approved by the Florida Department of
Revenue. The budget for the general fund is prepared on a basis consistent with accounting
principles generally accepted in the United States of America. The annual budget serves as the
legal authorization for expenditures.
Expenditures may not legally exceed appropriations at the fund level. Appropriations lapse at
year-end. Budget control is maintained at the departmental major object expenditure level.
Budgetary changes within major object expenditure categories are made at the discretion of the
Tax Collector.
The original budget is the first complete appropriated budget. The final budget is the original
budget adjusted by all reserves, transfers, allocations, supplemental appropriations, and other
legally authorized changes applicable to the fiscal year, whenever legally authorized.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
12
3. Cash
At September 30, 2018 and 2017, the carrying value of the Tax Collector’s cash was as follows:
2018 2017
Carrying Carrying
Value Value
Cash on hand 35,897$ 36,338$
Demand deposits 15,668,411 13,457,501
Total cash and cash equivalents 15,704,308$ 13,493,839$
Type
Such amounts are reported as $9,349,680 and $6,354,628 for 2018 and $7,222,230 and $6,271,609
for 2017 in the general and agency funds, respectively.
Custodial Credit Risk
At September 30, 2018, the Tax Collector’s deposits were entirely covered by Federal Depository
Insurance or by collateral pledged with the State Treasurer pursuant to Chapter 280, Florida
Statutes. Under this Chapter, in the event of default by a participating financial institution (a
qualified public depository), all participating institutions are obligated to reimburse the
governmental entity for the loss.
Credit Risk
The Tax Collector’s policy is to follow the guidance in Section 219.075, Florida Statutes,
regarding the deposit of funds received and the investment of surplus funds. Sections 219.075 and
218.415, Florida Statutes, authorize the Tax Collector to invest in Florida PRIME or any
intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit
quality rating from a nationally recognized rating agency; direct obligations of the United States
Treasury; federal agencies and instrumentalities or interest-bearing time deposits or savings
accounts in banks organized under the laws of the United States and doing business and situated in
the State of Florida, savings and loan associations which are under state supervision, or in federal
savings and loan associations located in the State of Florida and organized under federal law and
federal supervision, provided that any such deposits are secured by collateral as may be prescribed
by law.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
13
3. Cash (continued)
Interest Rate Risk
The Tax Collector has no specific investment policy regarding interest rate risk.
4. Capital Assets
Capital assets used by the Tax Collector are capitalized in the basic financial statements of Collier
County, Florida rather than in the governmental funds of the Tax Collector. Upon acquisition, such
assets are recorded as expenditures in the general fund of the Tax Collector, and are capitalized at
cost in the basic financial statements of Collier County, Florida.
Capital assets are valued at historical cost or estimated historical cost if actual historical cost is not
available. Donated capital assets are valued at their estimated fair value on the date received. The
Tax Collector maintains custodial responsibility for the capital assets used by the office. No
depreciation expense has been provided on capital assets in these financial statements. However,
depreciation expense on these assets is recorded in the basic financial statements of Collier
County, Florida.
The following is a summary of changes in capital assets for the year ended September 30, 2018:
October 1,
2017 Additions
Deletions/
Reclassifications
September 30,
2018
Capital Assets not depreciated:
Construction in progress 1,698,143$ 566,454$ (2,023,823)$ 240,774$
Total assets not depreciated 1,698,143 566,454 (2,023,823) 240,774
Infrastructure 11,735 - - 11,735
Improvements other than buildings 109,084 - - 109,084
Machinery and equipment 1,884,111 57,166 (42,089) 1,899,188
Total Capital Assets 3,703,073 623,620 (2,065,912) 2,260,781
Less accumulated depreciation: (1,713,395) (106,287) 35,338 (1,784,344)
Total capital assets, net 1,989,678$ 517,333$ (2,030,574)$ 476,437$
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
14
4. Capital Assets (continued)
The following is a summary of changes in capital assets for the year ended September 30, 2017:
October 1,
2016 Additions
Deletions/
Reclassifications
September 30,
2017
Capital Assets not depreciated:
Construction in progress 20,384$ 1,689,350$ (11,591)$ 1,698,143$
Total assets not depreciated 20,384 1,689,350 (11,591) 1,698,143
Infrastructure 11,735 - - 11,735
Improvements other than buildings 111,914 - (2,830) 109,084
Machinery and equipment 2,380,408 85,390 (581,687) 1,884,111
Total Capital Assets 2,524,441 1,774,740 (596,108) 3,703,073
Less accumulated depreciation: (2,189,005) (118,775) 594,385 (1,713,395)
Total capital assets, net 335,436$ 1,655,965$ (1,723)$ 1,989,678$
5. Long-Term Liabilities
The following is a summary of changes in long-term liabilities which are reported in the basic
financial statements of Collier County, Florida:
October 1, September 30,
2017 Increase Decrease 2018
Accrued compensated absences 1,232,879$ 633,595$ (715,460)$ 1,151,014$
October 1, September 30,
2016 Increase Decrease 2017
Accrued compensated absences 1,173,838$ 681,407$ (622,366)$ 1,232,879$
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
15
5. Long-Term Liabilities (Continued)
Of these liabilities, approximately $665,000 is expected to be paid during the fiscal year ending
September 30, 2019, which will be included in the operating costs of the general fund when
expended. These long-term liabilities are not reported in the financial statements of the Tax
Collector since they have not matured.
6. Pension Plans
Background
The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a
defined benefit pension plan for participating public employees. The FRS was amended in 1998 to
add the Deferred Retirement Option Program under the defined benefit plan and amended in 2000
to provide a defined contribution plan alternative to the defined benefit plan for FRS members
effective July 1, 2002. This integrated defined contribution pension plan is the FRS Investment
Plan. Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS)
Program, a cost-sharing multiple-employer defined benefit pension plan, to assist retired members
of any State-administered retirement system in paying the costs of health insurance.
Essentially all regular employees of the Tax Collector are eligible to enroll as members of the
State-administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122,
Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and FRS
Rules, Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits
are defined and described in detail. Such provisions may be amended at any time by further action
from the Florida Legislature. The FRS is a single retirement system administered by the Florida
Department of Management Services, Division of Retirement, and consists of the two
cost-sharing, multiple-employer defined benefit plans and other nonintegrated programs. A
comprehensive annual financial report of the FRS, which includes its financial statements,
required supplementary information, actuarial report, and other relevant information, is available
from the Florida Department of Management Services’ Web site (www.dms.myflorida.com).
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
16
6. Pension Plans (continued)
Florida Retirement System Pension Plan
Plan Description
The Florida Retirement System Pension Plan (FRS Plan) is a cost-sharing multiple-employer
defined benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible
employees. The general classes of membership are as follows:
Regular Class – Members of the FRS who do not qualify for membership in the other
classes.
Elected County Officers Class – Members who hold specified elective offices in local
government.
Senior Management Service Class (SMSC) – Members in senior management level
positions.
Special Risk Class – Members who are special risk employees, such as law enforcement
officers, meet the criteria to qualify for this class.
Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and
employees enrolled in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable service.
All vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at
age 62, or at any age after 30 years of service, except for members classified as special risk who are
eligible for normal retirement benefits at age 55 or at any age after 25 years of service. All
members enrolled in the FRS Plan on or after July 1, 2011, once vested, are eligible for normal
retirement benefits at age 65 or any time after 33 years of creditable service, except for members
classified as special risk who are eligible for normal retirement benefits at age 60 or at any age
after 30 years of service. Employees enrolled in the FRS Plan may include up to 4 years of credit
for military service toward creditable service. The FRS Plan also includes an early retirement
provision; however, there is a benefit reduction for each year a member retires before his or her
normal retirement date. The FRS Plan provides retirement, disability, death benefits, and annual
cost-of-living adjustments to eligible participants.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
17
6. Pension Plans (continued)
DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for
normal retirement under the FRS Plan to defer receipt of monthly benefit payments while
continuing employment with an FRS participating employer. An employee may participate in
DROP for a period not to exceed 60 months after electing to participate, except that certain
instructional personnel may participate for up to 96 months. During the period of DROP
participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The
net pension liability does not include amounts for DROP participants, as these members are
considered retired and are not accruing additional pension benefits.
Benefits Provided
Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final
compensation, and service credit. Credit for each year of service is expressed as a percentage of the
average final compensation. For members initially enrolled before July 1, 2011, the average final
compensation is the average of the 5 highest fiscal years’ earnings; for members initially enrolled
on or after July 1, 2011, the average final compensation is the average of the 8 highest fiscal years’
earnings. The total percentage value of the benefit received is determined by calculating the total
value of all service, which is based on the retirement class to which the member belonged when the
service credit was earned. Members are eligible for in-line-of-duty or regular disability and
survivors’ benefits.
As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS
before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual
cost-of-living adjustment is 3% per year. If the member is initially enrolled before July 1, 2011,
and has service credit on or after July 1, 2011, there is an individually calculated cost-of-living
adjustment. The annual cost-of-living adjustment is a proportion of 3% determined by dividing the
sum of the pre-July 2011 service credit by the total service credit at retirement multiplied by 3%.
FRS Plan members initially enrolled on or after July 1, 2011, will not have a cost-of-living
adjustment after retirement.
Detailed information about the County’s proportionate share of FRS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-wide
statements of the County.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
18
6. Pension Plans (continued)
Retiree Health Insurance Subsidy Program
Plan Description
The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost-sharing multiple-employer
defined benefit pension plan established under Section 112.363, Florida Statutes, and may be
amended by the Florida Legislature at any time. The benefit is a monthly payment to assist retirees
of State-administered retirement systems in paying their health insurance costs and is administered
by the Florida Department of Management Services, Division of Retirement.
Benefits Provided
For the fiscal year ended June 30, 2018, eligible retirees and beneficiaries received a monthly HIS
payment of $5 for each year of creditable service completed at the time of retirement, with a
minimum HIS payment of $30 and a maximum HIS payment of $150 per month, pursuant to
Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a
State-administered retirement system must provide proof of health insurance coverage, which may
include Medicare.
Detailed information about the County’s proportionate share of HIS’s net pension liability,
deferred outflows/inflows of resources, and pension expense are reported in the government-wide
statements of the County.
FRS Investment Plan
The Florida State Board of Administration (SBA) administers the defined contribution plan
officially titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the
SBA’s annual financial statements and in the State of Florida Comprehensive Annual Financial
Report.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
19
6. Pension Plans (continued)
FRS Investment Plan (continued)
As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate
in the Investment Plan in lieu of the FRS defined benefit plan. Tax Collector employees
participating in DROP are not eligible to participate in the Investment Plan. Employer and
employee contributions, including amounts contributed to individual member’s accounts, are
defined by law, but the ultimate benefit depends in part on the performance of investment funds.
Benefit terms, including contribution requirements, for the Investment Plan are established and
may be amended by the Florida Legislature. The Investment Plan is funded with the same
employer and employee contribution rates that are based on salary and membership class (Regular
Class, Elected County Officers, etc.), as the FRS defined benefit plan. Contributions are directed to
individual member accounts, and the individual members allocate contributions and account
balances among various approved investment choices. Costs of administering plan, including the
FRS Financial Guidance Program, are funded through an employer contribution of 0.06% of
payroll and by forfeited benefits of plan members.
For all membership classes, employees are immediately vested in their own contributions and are
vested after 1 year of service for employer contributions and investment earnings. If an
accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is
transferred to the Investment Plan, the member must have the years of service required for FRS
Pension Plan vesting (including the service credit represented by the transferred funds) to be
vested for these funds and the earnings on the funds. Non-vested employer contributions are
placed in a suspense account for up to 5 years. If the employee returns to FRS-covered
employment within the 5-year period, the employee will regain control over their account. If the
employee does not return within the 5-year period, the employee will forfeit the accumulated
account balance. For the fiscal year ended June 30, 2018, the information for the amount of
forfeitures was unavailable from the SBA; however, management believes that these amounts, if
any, would be immaterial to the Tax Collector.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
20
6. Pension Plans (continued)
After termination and applying to receive benefits, the member may rollover vested funds to
another qualified plan, structure a periodic payment under the Investment Plan, receive a
lump-sum distribution, leave the funds invested for future distribution, or any combination of these
options. Disability coverage is provided; the member may either transfer the account balance to the
FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly
benefits under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account
balance for retirement income.
Contributions
Participating employer contributions are based upon statewide rates established by the State of
Florida. The Tax Collector’s contributions made to the plans during the years ended September 30,
2018, 2017, and 2016 were $716,867, $655,667, and $606,522, respectively, equal to the
actuarially determined contribution requirements for each year.
Additional information about pension plans can be found in the County’s comprehensive annual
financial report or County-wide financial statements.
7. Other Postemployment Benefits (OPEB)
In accordance with Section 112.0801, Florida Statutes, the Tax Collector participates with Collier
County in offering retiring employees the opportunity to continue participation in the County’s
health insurance plan. The participating retirees pay 100% of the premium cost applicable to an
active employee. The liability and expense for other postemployment benefits, calculated in
accordance with Governmental Accounting Standards Board Statement No. 75 Accounting and
Financial Reporting for Postemployment Benefits Other Than Pensions, are reported in the
financial statements of the County.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
21
8. Related Party Transactions
During the fiscal years ended September 30, 2018 and 2017, the Board paid commissions and fees
to the Tax Collector that amounted to $16,291,894 and $15,267,509, respectively.
At September 30, 2018 and 2017, the Tax Collector had a payable due to the Board of $9,314,769
and $7,135,416, respectively, comprised as follows:
2018 2017
Distribution of unused commissions and fees 8,175,198$ 6,255,593$
Agency funds due to the Board 1,139,571 879,823
Total 9,314,769$ 7,135,416$
9. Risk Management
Collier County, Florida (County) is exposed to various risks of loss including but not limited to,
general liability, health and life, property and casualty, auto and physical damage, and workers’
compensation. The County is substantially self-insured and accounts for and finances its risk of
uninsured losses through an internal service fund. All liabilities associated with these self-insured
risks are reported in the basic financial statements of the County. The Tax Collector participates in
the County’s self-insurance program. During the years ended September 30, 2017 and 2016, the
Tax Collector was charged $2,938,265 and $3,031,659, respectively, by the County for
participation in the risk management program.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
22
9. Risk Management (continued)
The County provides coverage for up to $500,000 per claim for workers’ compensation, and has
purchased outside excess coverage for up to the statutory limits for each injury or illness. The
County also provides coverage for up to $500,000 per occurrence for general liability and
$300,000 per occurrence for auto liability coverage and has purchased outside excess coverage for
up to $5 million per claim. Negligence claims in excess of the statutory limits set in
Section 768.20, Florida Statutes, which provide for limited sovereign immunity of
$200,000/$300,000 per occurrence can only be recovered through an act of the State Legislature.
Property claims are subject to a 5% wind deductible and a $50,000 deductible for all other perils.
The County retains the first $100,000 per claim/$200,000 per occurrence for public official errors
and omissions and crime coverage and has purchased outside excess coverage for up to $5 million
per claim. There have been no significant reductions in insurance coverage in the last year. Settled
claims have not exceeded the insurance provided by third-party carriers in any of the last three
years.
The County is self-insured for health claims covering all of its employees and their eligible
dependents. The County retains the first $450,000 per covered member and has purchased outside
excess coverage for all claims exceeding this amount. An actuarial valuation is performed each
year to estimate the amounts needed to pay prior and future claims and to establish reserves.
10. Commitments and Contingencies
Leases
The Tax Collector has noncancelable operating leases for certain office facilities that were utilized
solely by the Tax Collector for fiscal year 2016. The two current leases include options for a 5-year
renewal with an annual escalation clauses ranging from 1-5% annually. The following is a
schedule of future minimum lease payments under the operating leases:
Fiscal year ending September 30:
2019 250,334$
2020 199,976
2021 146,800
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2018 and 2017
23
10. Commitments and Contingencies (continued)
Rental expense for all operating leases in the aggregate was $352,553 and $336,837 for the years
ended September 30, 2018 and 2017, respectively. There were no contingent rentals or sublease
rentals associated with leases in effect at September 30, 2018 or 2017.
Litigation
The Tax Collector is involved as a defendant or plaintiff in certain litigation and claims arising
from the ordinary course of operations. In the opinion of the Tax Collector and legal counsel, the
range of potential recoveries or liabilities will not materially affect the financial position of the Tax
Collector.
24
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Honorable Larry H. Ray
Tax Collector
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States, the financial statements of the general fund and the aggregate
remaining fund information of the Collier County, Florida Tax Collector (Tax Collector), as of and for the year
ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the
Tax Collector’s basic financial statements, and have issued our report thereon dated December 21, 2018.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Tax Collector’s internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the Tax Collector’s internal control. Accordingly, we do not
express an opinion on the effectiveness of the Tax Collector’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in
internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial
statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a
deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet
important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in
internal control that we consider to be material weaknesses. However, material weaknesses may exist that have
not been identified.
Honorable Larry H. Ray
Tax Collector
25
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Tax Collector’s financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of
our tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and
the result of that testing, and not to provide an opinion on the effectiveness of the Tax Collector’s internal
control or on compliance. This report is an integral part of an audit performed in accordance with Government
Auditing Standards in considering the Tax Collector’s internal control and compliance. Accordingly, this
communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
December 21, 2018
26
MANAGEMENT LETTER
Honorable Larry H. Ray
Tax Collector
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the general fund and the aggregate remaining fund information of
the Collier County, Florida Tax Collector (Tax Collector) as of and for the year ended September 30, 2018, and
have issued our report thereon dated December 21, 2018.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our 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 and Independent Accountants’ Report on an examination conducted in
accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in
accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports which are dated
December 21, 2018 should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective
actions have been taken to address findings and recommendations made in the preceding annual financial audit
report. There were no findings and recommendations reported in the preceding annual financial audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority
for the primary government and each component unit of the reporting entity be disclosed in this management
letter, unless disclosed in the notes to the financial statements. See Note 1 in the notes to the financial
statements.
Honorable Larry H. Ray
Tax Collector
27
Financial Management
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to
improve financial management. In connection with our audit, we did not have any such recommendations.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with
provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that
have an effect on the financial statements that is less than material but which warrants the attention of those
charged with governance. In connection with our audit, we did not note any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing Committee,
members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, federal
and other granting agencies, the Tax Collector and applicable management and is not intended to be, and
should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
December 21, 2018
28
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Larry H. Ray
Tax Collector
Collier County, Florida
We have examined the Collier County Tax Collector, Collier County, Florida’s (Tax Collector) compliance
with Section 218.415, Florida Statutes, regarding the investment of public funds during the year ended
September 30, 2018. Management of the Tax Collector is responsible for the Tax Collector’s compliance with
the specified requirements. Our responsibility is to express an opinion on the Tax Collector’s compliance with
the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute
of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain
reasonable assurance about whether the Tax Collector complied, in all material respects, with the specified
requirements referenced above. An examination involves performing procedures to obtain evidence about
whether the Tax Collector complied with the specified requirements. The nature, timing, and extent of the
procedures selected depend on our judgment, including an assessment of the risks of material noncompliance,
whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide
a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Tax Collector’s compliance with specified
requirements.
In our opinion, the Tax Collector complied, in all material respects, with Section 218.415, Florida Statutes,
regarding the investment of public funds during the year ended September 30, 2018.
This report is intended solely for the information and use of the Tax Collector and the Auditor General, State of
Florida, and is not intended to be, and should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Naples, Florida
December 21, 2018