CAFR Year End 09-30-2017
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On September 10, 2017, Hurricane Irma made landfall on Marco Island as a category 3 storm with sustained winds
of 112 mph and a peak wind gust of 142 mph. Irma brought almost a foot of rain and inland flooding to various parts
of the County. Collier County was left with widespread power outages and some significant property damage. Over
4 million cubic yards of debris was picked up across the County in an effort that took 4 months to complete.
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR FISCAL YEAR ENDED
SEPTEMBER 30, 2017
COLLIER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
PENNY TAYLOR, CHAIRMAN – DISTRICT 4
ANDY SOLIS, ESQ., VICE‐CHARIMAN, DISTRICT 2
DONNA FIALA – DISTRICT 1
BURT SAUNDERS, ESQ. – DISTRICT 3
WILLIAM L. MCDANIEL, JR. – DISTRICT 5
COUNTY MANAGER
LEO E. OCHS, Jr.
COUNTY ATTORNEY
JEFFREY A. KLATZKOW
CLERK OF THE CIRCUIT COURT AND COMPTROLLER
CHIEF FINANCIAL OFFICER
DWIGHT E. BROCK
CHIEF DEPUTY CLERK AND DIRECTOR OF FINANCE AND ACCOUNTING
CRYSTAL K. KINZEL
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, 2017
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 Supplemental Information ................................................................................................................................ 81
Combining and Individual Fund Financial Statements and Other Supplemental Information:
Nonmajor Governmental Funds
Combining Balance Sheet ................................................................................................................................................... 90
Combining Statement of Revenues, Expenditures and Changes in Fund Balances .......................................................... 98
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances ‐ Budget and Actual (Non‐GAAP) .... 106
Nonmajor Enterprise Funds
Combining Statement of Net Position ............................................................................................................................. 130
Combining Statement of Revenues, Expenses and Changes in Net Position ................................................................. 131
Combining Statement of Cash Flows ................................................................................................................................ 132
Internal Service Funds
Combining Statement of Net Position ............................................................................................................................. 134
Combining Statement of Revenues, Expenses and Changes Net Position ..................................................................... 135
Combining Statement of Cash Flows ............................................................................................................................... 136
Fiduciary Funds
Combining Statement of Fiduciary Net Position ............................................................................................................. 138
Combining Statement of Changes in Fiduciary Net Position ........................................................................................... 139
COLLIER COUNTY, FLORIDA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2017
TABLE OF CONTENTS ‐ CONTINUED
Component Units
Combining Statement of Net Position .............................................................................................................................. 143
Combining Statement of Activities ................................................................................................................................... 144
Other Supplemental Information
Schedule of Receipts and Expenditures of Funds Related to the Deepwater Horizon Oil Spill ...................................... 146
STATISTICAL SECTION (UNAUDITED)
Net Position by Component .............................................................................................................................................. 148
Change in Net Position ..................................................................................................................................................... 150
Governmental Activities Tax Revenues by Source ........................................................................................................... 152
Fund Balances of Governmental Funds ........................................................................................................................... 153
Changes in Fund Balances of Governmental Funds ......................................................................................................... 154
Assessed Value and Estimated Actual Value of Taxable Property .................................................................................. 156
Property Tax Rates – All Direct and Overlapping Governments ..................................................................................... 157
Principal Tax Payers County‐Wide ................................................................................................................................... 158
Property Tax Levies and Collections ................................................................................................................................ 159
Ratios of Outstanding Debt by Type ................................................................................................................................ 160
Legal Debt Margin Information ........................................................................................................................................ 161
Direct, Overlapping and Underlapping Governmental Activities Debt .......................................................................... 161
Pledged‐Revenue Coverage ............................................................................................................................................. 162
Demographic and Economic Statistics ............................................................................................................................. 163
Principal Employers .......................................................................................................................................................... 164
Budgeted Full‐Time Equivalent County Employees by Function .................................................................................... 165
Operating Indicators by Function .................................................................................................................................... 166
Capital Asset Statistics by Function ................................................................................................................................. 167
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 ................................................................................................................................................................... 171
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 ..................................................................................................................... 173
Schedule of Expenditures of Federal Awards and State Financial Assistance ................................................................. 175
Notes to the Schedule of Expenditures of Federal Awards and State Financial Assistance ........................................... 181
Schedule of Findings and Questioned Costs ..................................................................................................................... 182
Summary Schedule of Prior Audit Findings ...................................................................................................................... 185
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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
March 27, 2018
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, 2017. 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, 2017 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.
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
Dwight E. Brock - 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
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 largest county at 2,026 square miles, is on the southwest coast of
Florida, directly west of Miami. With a 2017 population of 360,846 (an 8 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. 320,743) and three municipalities: the Cities of Naples (pop. 21,845), Marco Island (pop.
17,847) and Everglades (pop. 411). The County’s economic base is concentrated in tourism,
agriculture, fishing, 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 2017 totaled $83.6 billion, or a very high
$231,706 per capita. The County’s millage for General Fund operations in fiscal year 2017
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 2017 annual County unemployment rate stood at 3.6%, while the statewide average is 3.7%.
Income levels are high, with a per capita personal income of $84,101.
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 2018‐2022 is $1,044.1 million. Included in the County’s current CIP for fiscal years 2018‐
2022 are approximately $307 million in water and wastewater projects, $317.6 million in
transportation projects, $49.1 million in stormwater projects and $46.9 million in government
facilities projects. In addition, parks and recreation projects of approximately $87.7 million are
planned, as well as $153.1 million for tourist development funded projects, $32.5 million in solid
waste projects, $11.4 million in library projects, $29.2 million in public safety projects and
miscellaneous projects totaling $9.6 million. Approximately $229.1 million of the fiscal year 2017
– 2021 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, but only 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 2017, the Collier County Water and Sewer
District refunded its State Revolving Fund Loans. This refinancing achieved a net present value
savings of over 5% and is further described 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 portfolio 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, U.S. treasury securities, U.S. agency
securities, commercial paper and bankers’ acceptances. The weighted average maturity of the
total managed portfolio, to first call or maturity, was 1.12 years as of September 30, 2017. The
total return for fiscal year 2017 was .42%, a reflection of market interest rate increases in late
calendar year 2016. 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, 2016.
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‐one years, from fiscal year 1986 to 2016. 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, 2016. 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‐
one 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, 2016. 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 fifteen 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 Kelly Jones, Finance Manager, Robin Sheley, 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, Division Administrators and the Department
Directors for their assistance throughout the year in matters pertaining to the financial affairs of
the County.
We hope you find this report informative, accurate and easily readable. If you should have any
questions related to this report or if additional information is desired, do not hesitate to contact
Crystal K. Kinzel, Chief Deputy Clerk and Director of Finance and Accounting, at (239) 252‐6299.
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, 2016. This
was the thirty‐first 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 CommissionersPhone 252‐8097Donna FialaWilliam L. McDaniel, Jr.Burt SaundersAndy SolisPenny TaylorJeff KlatzkowCounty AttorneyPhone 252‐8400Leo Ochs, Jr.County ManagerPhone 252‐8383ExecutiveManager of CorporateBusiness OperationsTim DurhamPhone 252‐8383Communications& Customer RelationsMike Sheffield,ManagerPhone 252‐8383Bureau of Emergency ServicesCommunications & Customer RelationsFleet Management Human ResourcesInformation TechnologyProcurement Services Records Management Risk ManagementCITIZENSAbe SkinnerProperty Appraiser252‐8141Larry RayTax Collector252‐8171KevinRamboskSheriff252‐4434Dwight BrockClerk of Courts252‐2646Jennifer EdwardsSupervisor of Elections252‐8450Judicial Courts & Judges252‐8800Administrative Services DepartmentLen Golden Price, Department HeadPhone 252‐3646Domestic Animal ServicesCommunity and Human ServicesHealthLibraryMuseumOperations and Veterans ServicesParks & RecreationPublic Transit & Neighborhood EnhancementUniversity Extension ServicePublic Services DepartmentSteve Carnell, Department HeadPhone 252‐8468Building Plan Review & InspectionCapital Project Planning, Impact Fees & Program ManagementCode EnforcementDevelopment ReviewOperations & Regulatory ManagementOperations SupportRoad MaintenanceTransportation EngineeringZoningGrowth Management DepartmentThaddeus Cohen,Department HeadPhone 252‐2370Facilities ManagementOperation SupportEngineering & Project ManagementSolid & Hazardous WasteWastewaterWaterPublic Utilities DepartmentG. George Yilmaz, Department HeadPhone 252‐2540TourismJack Wert,DirectorPhone 252‐2384Pelican Bay ServicesNeil Dorrill,DirectorPhone 597‐1749Economic& Business DevelopmentJace Kentner,Interim DirectorPhone 252‐8358Corporate Financial & Management ServicesMark Isackson, DirectorPhone 252‐8383Mark StrainChiefHearing ExaminerPhone 252‐4446Nick CasalanguidaDeputy County ManagerPhone 252‐8383Michael NiemanCorporate Compliance and Internal Review Manager
FINANCIAL SECTION
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CliftonLarsonAllen LLP
CLAconnect.com
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, 2017, 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, 2017, 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 conformity with accounting principles generally
accepted in the United States of America.
Emphasis of Matter
As described in Note 18, the County acquired a utility system which has been accounted for as a
merger in accordance with Governmental Accounting Standards Board Statement (GASBS) No. 69,
Government Combinations and Disposals of Government Operations. Pursuant to GASBS No. 69, the
County reported a restatement for the change in accounting principle. The auditors’ opinion was not
modified with respect to the restatement.
As described in Note 18, the County adopted the provisions of GASBS No. 75, Accounting and
Financial Reporting for Postemployment Benefits Other Than Pensions. As a result of the
implementation of GASBS No. 75, the County reported a restatement for the change in accounting
principle. The auditors’ opinion was not modified with respect to the restatement.
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 page 82, and the other postemployment benefits
schedule of funding progress for the retiree health plan on page 83 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.
2
Honorable Board of County Commissioners
Collier County, Florida
Other Matters (Continued)
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 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 also not a required part of the basic financial statements.
The combining and individual 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 March 16,
2018, 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 result 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
March 16, 2018
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, 2017. 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, 2017 by $2,513,728,601. Of this amount, $144,590,751 represents unrestricted net position and may
be used to meet future County obligations. Unrestricted net position decreased by $4,109,939 from the
previous year, as restated.
The County’s total net position increased by $47,276,919 when compared to fiscal year 2016 as restated,
with a $35,311,355 increase from governmental activities and a $11,965,564 increase resulting from
business‐type activities.
As of September 30, 2017, Collier County’s governmental fund financial statements showed combined
ending fund balances of $459,642,334, an increase of $18,055,669 over the previous fiscal year. Of the
total combined ending governmental fund balance, $54,805,103 is reported as unassigned.
The General Fund reported an unassigned fund balance of $54,805,103 at September 30, 2017, an
increase in unassigned General Fund balance of $844,159 when compared to September 30, 2016.
Total bonded debt, notes, outstanding loans and capital leases owed by Collier County decreased by
$36,259,315 during fiscal year 2017, with a decrease in governmental activities debt of $23,184,162 and
a decrease in the business‐type activities debt of $13,075,153. In November of 2016, the Collier County
Water and Sewer District issued the Series 2016B County Water and Sewer Refunding Revenue Note to
current refund the District’s outstanding State Revolving Fund Loans. Additional information on debt
activity can be found in Note 6 to the financial statements beginning on page 54.
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. This report also contains a statistical section, single audit and other supplementary
information in addition 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, 2017. 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 80 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 85. 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 $2,513,728,601 as of the fiscal year ending September 30,
2017 for Collier County. Positive balances were reported in all categories of net position in the governmental and business‐
type activities for fiscal year 2017 with the exception of a negative unrestricted net position for governmental activities. This
is a change from fiscal year 2016, where positive balances were reported in all categories of net position and is primarily due
to implementation of Governmental Accounting Standards Statement No. 75, Accounting and Financial Reporting for
Postemployment Benefits Other than Pensions. This statement requires the County to record the long term liability and
deferred inflows and outflows associated with post employment healthcare benefits provided through a single employer
defined benefit plan.
Collier County’s net position at September 30, 2017 decreased by $4,109,939 for unrestricted net position and increased
$5,812,228 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 an 8.4% increase in restricted net position related to tourist development.
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 79.5% of net position as of September 30, 2017,
compared to 78.4% as of September 30, 2016. During fiscal yea r 2017, the County’s net investment in capital assets increased
by $45,577,107. Capital assets are used to provide services to the citizens and consequently do not represent spendable
resources and cannot be used to liquidate the debt incurred to purchase or construct capital assets.
The following are Collier County’s net position and changes in net position for the fiscal years ended September 30, 2016 and
2017, shown in condensed form:
2017 2016 2017 2016 2017 2016 2016‐2017
Current and other assets 572.0$ 546.8$ 261.8$ 250.4$ 833.8$ 797.2$ 4.6%
Capital assets, net 1,574.6 1,565.0 912.5 904.8 2,487.1 2,469.8 0.7%
Total assets 2,146.6 2,111.8 1,174.3 1,155.2 3,320.9 3,267.0 1.6%
Deferred outflows
of resources 121.6 102.0 26.3 23.2 147.9 125.2 18.1%
Long‐term liabilities 591.5 562.0 210.7 215.5 802.2 777.5 3.2%
Current liabilities 92.5 91.7 44.5 34.4 137.0 126.1 8.6%
Total liabilities 684.0 653.7 255.2 249.9 939.2 903.6 3.9%
Deferred inflows
of resources 13.6 4.1 2.3 0.4 15.9 4.5 253.3%
Net position:
Net investment in
capital assets 1,257.7 1,225.5 741.9 723.0 1,999.6 1,948.5 2.6%
Restricted 336.9 328.0 32.6 35.8 369.5 363.8 1.6%
Unrestricted (deficit)(24.0) 2.5 168.6 169.3 144.6 171.8 (15.8%)
Total net position 1,570.6$ 1,556.0$ 943.1$ 928.1$ 2,513.7$ 2,484.1$ 1.2%
Collier County's Schedule of Net Position
(in millions)
Total Governmental Activities
Business‐type
Activities
Total
Percentage
Change
7
2017 2016 2017 2016 2017 2016 2016‐2017
Revenues
Program revenues:
Fines, fees and charges for services 69.3$ 75.0$ 197.1$ 183.2$ 266.4$ 258.2$ 3.2%
Operating grants and contributions 26.6 26.4 5.0 4.4 31.6 30.8 2.6%
Capital grants and contributions 38.1 36.8 27.0 25.4 65.1 62.2 4.7%
General revenues:
Property taxes 312.6 281.1 ‐ ‐ 312.6 281.1 11.2%
Other taxes and shared revenues 104.6 101.4 ‐ ‐ 104.6 101.4 3.2%
Interest income 3.6 4.9 1.4 2.0 5.0 6.9 (27.5%)
Miscellaneous 9.7 6.0 0.1 0.2 9.8 6.2 58.1%
Total revenues 564.5 531.6 230.6 215.2 795.1 746.8 6.5%
Expenses
General government 108.4 104.2 ‐ ‐ 108.4 104.2 4.0%
Public safety 225.3 205.3 ‐ ‐ 225.3 205.3 9.7%
Physical environment 17.9 22.5 ‐ ‐ 17.9 22.5 (20.4%)
Transportation 75.6 70.6 ‐ ‐ 75.6 70.6 7.1%
Economic environment 8.5 11.3 ‐ ‐ 8.5 11.3 (24.8%)
Human services 15.5 14.4 ‐ ‐ 15.5 14.4 7.6%
Culture and recreation 51.9 49.5 ‐ ‐ 51.9 49.5 4.8%
Interest on long‐term debt 11.3 12.1 ‐ ‐ 11.3 12.1 (6.6%)
Water and sewer ‐ ‐ 144.8 130.8 144.8 130.8 10.7%
Solid waste ‐ ‐ 43.7 39.3 43.7 39.3 11.2%
Emergency medical services ‐ ‐ 28.6 26.5 28.6 26.5 7.9%
Airport authority ‐ ‐ 4.9 4.4 4.9 4.4 11.4%
Mass transit ‐ ‐ 11.4 11.3 11.4 11.3 0.9%
Total expenses 514.4 489.9 233.4 212.3 747.8 702.2 6.5%
Increase in net position
before net transfers 50.1 41.7 (2.8) 2.9 47.3 44.6 (6.1%)
Transfers, net (14.8) (14.3) 14.8 14.3 ‐ ‐ ‐
Change in net position 35.3 27.4 12.0 17.2 47.3 44.6 (6.1%)
Net position – beginning 1,556.0 1,528.6 928.1 910.9 2,484.1 2,439.5 1.8%
Restatement of net position, net (20.7) ‐ 3.0 ‐ (17.7) ‐ ‐
Net position – ending 1,570.6$ 1,556.0$ 943.1$ 928.1$ 2,513.7$ 2,484.1$ 1.2%
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 2017
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
55%
Fines, Fees and Charges
for Services
12%
Operating Grants and
Contributions
5%
Capital Grants and
Contributions
7%
Gas Taxes
4%
Sales Tax
7%
Tourist Taxes
4%Other Income
6%
Revenue by Type
Governmental Activities
Fiscal Year 2017
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
Water and Sewer Solid Waste Emergency Medical
Services
Airport Authority Mass TransitMillionsRevenues and Expenses
Business‐type Activities
Fiscal Year 2017
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
85%
Operating Grants and
Contributions
2%
Capital Grants and
Contributions
12%
Other Income
1%
Revenue by Type
Business‐type Activities
Fiscal Year 2017
10
Governmental Activities
The current year increase in the net position of governmental activities amounted to $35,311,355, an increase of 2.3% when
compared to the previous year’s net position, as restated. The previous fiscal years’ increase in net position was 1.8%. The
current years’ increase is mainly due to the following:
Overall, revenues related to governmental activities increased by 6.2%, or $32,996,052 while expenses
increased by 5.0%, or $24,464,581.
Governmental activities revenues increased primarily due to an increase in total ad valorem taxes
collected in fiscal year 2017 of $31,496,884 when compared to fiscal year 2016. The increase in ad valorem
revenues was due to a 10.0% increase in county wide taxable value. In addition, Half Cent Sales Tax and
Gas Tax collections increased a combined 4.0% over fiscal year 2016, or $2,460,318.
Governmental activities expenses increased primarily due to increases in the public safety functional area.
Public safety expenses increased predominately due to an increase in the Sheriff’s personal services. This
is a result of implementing recommendations from a pay plan survey at the end of the previous fiscal year,
as well as the additional personal services and operating costs related to Hurricane Irma response efforts.
Business‐type Activities
The increase in net position related to business‐type activities amounted to $11,965,564 in the aggregate, representing a
1.29% increase over the previous year’s net position, as restated. The previous fiscal year’s increase in net position was 1.9%.
The current year’s increase is mainly due to the following:
The majority of the increase, or $8,841,368, can be attributed to the Collier County Water and Sewer
District (District). The increase in the District’s net position is largely due to a 5.0% rate increase that went
in to effect October 1, 2016 as well as a 6.7% increase in the number of active customers brought on by
new construction and the acquisition of the Orange Tree Utility System. In addition, water and sewer
capital grants and contributions increased by 7.6%, largely due to increases in developer infrastructure
contributions.
Emergency Medical Services contributed $1,101,692 to the overall increase in business‐type activities net
position. User charges decreased by $1,357,233 over fiscal year 2016 as a result of a 18.5% decrease in
air transport ambulance calls over the same interval. Transfers from governmental activities exceeded
the operating loss generated by the operation of Emergency Medical Services.
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, 2017, Collier County governmental funds reported combined fund balances of $459,642,334, an increase
of $18,055,669 when compared to prior year combined fund balances. The governmental funds had non‐spendable fund
balances of $5,771,370 consisting of inventory, prepaid items, notes receivable and General Fund and Other Governmental
Fund advances to other funds. The restricted fund balance was $330,886,818 and consists of monies whose expenditure is
externally constrained by grantors, creditors, binding law or enabling legislation. Of the remaining $122,984,146 in fund
balance, $32,758,821 is classified as committed, $35,420,222 is recorded as assigned and $54,805,103 is recorded as
unassigned.
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The following were noteworthy activities and changes relating to the major governmental funds for fiscal year 2017:
The General Fund is the primary operating fund of Collier County. At September 30, 2017, total fund
balance in the General Fund was $62,229,451, of which $54,805,103 was unassigned. As a percentage of
total general fund expenditures and net transfers, the unassigned portion is 16.3%. The total fund balance
increased by $2,655,918 or 4.5%, compared to the September 30, 2016 total fund balance.
The Bayshore Gateway Community Redevelopment Agency was created to benefit blighted areas in the
Bayshore Gateway Triangle. During fiscal year 2017, the Bayshore Gateway Community Redevelopment
Agency collected $1,292,600 in tax increment revenues and was reimbursed $56,076 for stormwater
improvements. In addition, the agency received $78,613 in miscellaneous revenues for rents. Operating
expenditures of $424,977, mainly personal services, were associated with the Bayshore Gateway Triangle
Community Redevelopment Agency. In addition, capital expenditures of $305,892 were made for
stormwater improvements.
The Immokalee Community Redevelopment Agency was created to benefit blighted areas in Immokalee.
During fiscal year 2017, the Immokalee Community Redevelopment Agency collected $544,600 in tax
increment revenues. Operating expenditures of $422,969, mainly personal services, were associated with
the Immokalee Community Redevelopment Agency. In addition, capital expenditures of $6,136 were
made for computer equipment and permit fees for a sidewalk project.
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, 2017, total net position amounted to $941,459,899 for enterprise funds, as compared to $929,928,815, as
of September 30, 2016, an increase of $11,531,084. 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, 2017, the Collier County Water and Sewer District (District) reported capital grants and
contributions of $24,474,866, which consists of water and sewer impact fees of $12,457,065, $11,641,549 in developer
infrastructure contributions and other capital contributions of $376,252.
2017 2016
County Water and Sewer (6,160,677)$ (2,710,740)$
Solid Waste Disposal 1,064,295 2,550,706
Emergency Medical Services (16,629,468) (13,307,366)
Non‐major enterprise funds (11,314,788) (11,419,753)
Total (33,040,638)$ (24,887,153)$
Net Operating Income/(Loss)
The Collier County Water and Sewer District’s net operating income decreased by $3,449,937 when compared to fiscal year
2016. The decrease in net operating income was primarily the result of an 11.6% increase in total operating expenses,
including depreciation and amortization. The District added twenty‐seven (27) full time equivalent positions during fiscal
year 2017. In addition, the District incurred $7,545,041 in operating expenses directly related to Hurricane Irma. County
Water and Sewer payments in lieu of taxes paid to the General Fund of $6,093,700 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 $1,486,411 when compared to fiscal year 2016. The
decrease in net operating income was primarily the result of a 12.1% increase in total operating expenses, including
12
depreciation and amortization. Of this increase in operating expenses, $2,404,052 was related to Hurricane Irma debris
removal. The Solid Waste Disposal payments in lieu of taxes paid to the General Fund of $295,500 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 $3,322,102 when compared to fiscal year 2016.
The decrease in net operating income was the result of a 7.5% increase in total operating costs, coupled with a $1,357,233
decrease in charges for services. Operating expenses increased mainly due to increased personal services costs, including
pension expense. Charges for services decreased due to increased contractual rate adjustments and a lower overall collection
rates.
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 $2,487,056,931, 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 $17,334,066 when compared to the previous year. There was an increase in the
governmental activities net capital assets of $9,657,309, or .6%, while the business‐type activities capital assets increased by
$7,676,757, or .8%. The major capital asset activities during the current and previous fiscal years are as follows:
Capitalization as construction in process of $69,796,806 for governmental activity related costs including
$4,570,619 related to county wide 800 MHz system upgrades, $8,623,183 for improvements to Collier
Boulevard from Golden Gate Boulevard to Green Boulevard, $7,269,084 for various bridge improvement
projects, $2,846,228 for the Eagle Lakes Community Pool and $9,916,778 for improvements to Golden
Gate Boulevard from Wilson Boulevard to Everglades Boulevard. A total of $7,782,682 was spent for
Immokalee Road betterment projects. The remaining $28,788,232 is related to $13,618,619 in other
transportation projects, $3,395,877 in other physical environment projects, $5,753,378 in culture and
recreation projects and $6,020,358 in other capital projects.
The business‐type activities capitalized $33,556,924 of construction in process during fiscal year 2017
including $3,861,139 for utility force main transmission system improvements, $5,120,119 for master
pump systems improvements, $4,851,314 for Vanderbilt Drive utility improvements and $2,337,101 for
Naples Park basin improvements. In addition, $2,058,639 was related to the Solid Waste Northeast
recycling drop‐off center and $1,228,172 for the Marco Airport Apron Upgrade. The remaining
$14,100,440 was made up of $11,847,164 in other County Water and Sewer projects, $387,464 in other
airport projects, $529,355 in other solid waste projects and $1,336,457 in various Mass Transit projects.
During fiscal year 2017, the Orange Tree Utility System was integrated, by merger, into the business‐type
activities. As a result of this merger water and wastewater utility non‐depreciable assets of $57,002 and
depreciable capital assets with a historical cost of $10,057,625 and accumulated depreciation of
$4,614,654 were recorded in the business‐type activities.
Developer donated water and wastewater infrastructure in fiscal year 2017 amounted to $11,641,549 and
$8,941,251 in fiscal year 2016. 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 $3,191,231 for fiscal year 2017, compared to
$5,908,695 for fiscal year 2016. Fiscal year 2017 land purchases were primarily related to the acquisition
of land for various transportation projects.
Additional information regarding Collier County’s capital assets can be found in Note 5 beginning on page 53 of this report.
13
Debt Administration
At September 30, 2017, Collier County had total bonded debt, notes, loans and capital leases, of $482,748,437, a decrease of
$36,259,315 from the previous year. The following table illustrates the balances of all bonds, notes, loans and capital leases,
net, for the fiscal years ended September 30, 2017 and 2016:
2017 2016
Limited General Obligation Bonds, net 2,499,190$ 2,941,353$
Revenue Bonds, net 386,477,952 412,330,561
State Revolving Fund Loans ‐ 95,642,438
Miscellaneous Notes 92,590,646 5,909,058
Capital Leases 1,180,649 2,184,342
Total 482,748,437$ 519,007,752$
Outstanding Debt
On November 17, 2016, the Collier County Water and Sewer District issued the Series 2016B Water and Sewer Refunding
Revenue Note in the par amount of $89,982,000 for the purpose of financing the current refunding of all of the District’s
outstanding State Revolving Fund Loans.
Collier County’s Special Obligation Revenue Bonds carry ratings of Aa2, AA+ 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 Bonds were issued as a direct
placement with a commercial bank and therefore carry 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 and 2015 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 54 of this report.
General Fund Budgetary Highlights
During the current fiscal year, the General Fund expenditure appropriations increased by $11,852,951. Significant variances
between the original budget and the final amended budget are listed below:
$345,000 increase in charges for services and Clerk of the Circuit Court’s capital outlay to recognize
additional revenues received and provide for additional data processing equipment.
$1,463,000 increase in charges for services and Sheriff’s personal services related to special detail duties.
$6,228,000 increase in Sheriff’s personal services and $562,000 in Sheriff’s operating due to Hurricane
Irma.
$750,000 increase in Sheriff’s capital outlay for acquisition of a helicopter.
$500,000 increase in intergovernmental revenue and Emergency Management Administration operating
due to Hurricane Irma.
$606,855 increase in Health Department operating due to re‐budgeting of lapsed appropriations from the
previous fiscal year as well as additional funding due to loss of State Medicaid matching funds.
$346,200 increase in Mental Health operating due to re‐budgeting of lapsed appropriations from the
previous fiscal year.
14
Significant variances between actual results and final budget amounts in the General Fund occurred during fiscal year 2017.
Tax revenues were under budget by $10,103,380 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. General Fund general government
expenditures were under budget primarily due to $1,578,229 in unspent budget related to goods and services contracted for
in 2017 that had not been received as of September 30, 2017 as well as a shift in focus from general operations to hurricane
recovery during September.
Economic Factors and Year 2018 Budgets and Rates
The following factors were taken into account in preparing the fiscal year 2018 budget:
A 7% 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 .5% and 2%, respectively.
A 2.9% general wage adjustment along with a .6% market based pay plan maintenance component.
Expected expanded position requests limited to mission critical functions.
Maintain health care program contributions at 80% employer and 20% employee across all agencies
(excluding Sheriff and Tax Collector).
During fiscal year 2017, the General Fund unassigned fund balance increased by $844,159 to $54,805,103. As of February 5,
2018, $53,646,900 of the fiscal year 2017 unassigned fund balance has been appropriated as carryforward for fiscal year
2018, with $28,535,165 budgeted in reserves.
Contact Information
This financial report is intended to give the user a general overview of Collier County Government’s finances. Any questions
resulting from review of this information may be addressed to:
Collier County Clerk of the Circuit Court
Department of Finance and Accounting
3299 Tamiami Trail East, Suite #403
Naples, Florida 34112‐5746
Our office may also be contacted via the internet at www.collierclerk.com.
15
Governmental Business‐type Component
Activities Activities Total Units
ASSETS
Current assets:
Cash and investments 204,812,219$ 199,929,119$ 404,741,338$ 212,716$
Cash with fiscal agent 11,592,085 ‐ 11,592,085 ‐
Trade receivables, net 1,583,701 15,173,982 16,757,683 ‐
Special assessments receivable ‐ 63,709 63,709 ‐
Interest receivable 440,226 522,004 962,230 ‐
Due from other governments 3,405,112 532,536 3,937,648 ‐
Internal balances (2,550,712) 2,550,712 ‐ ‐
Deposits 6,253 ‐ 6,253 ‐
Inventory 2,492,325 4,745,959 7,238,284 ‐
Prepaid costs 80,763 61,312 142,075 ‐
Restricted assets:
Cash and investments 19,426,818 5,329,772 24,756,590 ‐
Trade receivables, net 1,049,089 28,949 1,078,038 ‐
Notes receivable 54,611 ‐ 54,611 ‐
Interest receivable 668,810 52,247 721,057 ‐
Due from other governments 18,100,604 1,615,153 19,715,757 ‐
Deposits 1,875 ‐ 1,875 ‐
Inventory for resale 9,796,692 ‐ 9,796,692 ‐
Total current assets 270,960,471 230,605,454 501,565,925 212,716
Noncurrent assets:
Restricted assets:
Cash and investments 293,664,610 31,191,808 324,856,418 ‐
Notes receivable 430,913 ‐ 430,913 ‐
Impact fee receivable 5,415,909 ‐ 5,415,909 ‐
Special assessments receivable 1,405 12,412 13,817 ‐
Notes receivable 1,576,731 ‐ 1,576,731 ‐
Unamortized bond insurance 10,588 ‐ 10,588 ‐
Capital assets:
Land and non‐depreciable capital assets 504,123,324 97,791,245 601,914,569 ‐
Depreciable capital assets, net 1,070,458,684 814,683,678 1,885,142,362 ‐
Total noncurrent assets 1,875,682,164 943,679,143 2,819,361,307 ‐
Total assets 2,146,642,635 1,174,284,597 3,320,927,232 212,716
DEFERRED OUTFLOWS OF RESOURCES
Deferred charges on debt refundings 11,349,043 4,487,329 15,836,372 ‐
Deferred outflows of resources related to OPEB 83,607 ‐ 83,607 ‐
Deferred outflows of resources related to pensions 110,128,050 21,895,880 132,023,930 ‐
Total deferred outflows of resources 121,560,700$ 26,383,209$ 147,943,909$ ‐$
Primary Government
COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION
SEPTEMBER 30, 2017
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 13,460,821$ 21,830,364$ 35,291,185$ ‐$
Wages payable 10,075,568 2,091,177 12,166,745 ‐
Retainage payable 1,187,275 1,668,764 2,856,039 ‐
Due to other governments 2,903,642 47,747 2,951,389 ‐
Self‐insurance claims payable 6,170,602 ‐ 6,170,602 ‐
Compensated absences 9,733,275 2,353,390 12,086,665 ‐
Capital lease obligations 87,075 343,947 431,022 ‐
Notes payable 456,891 7,180,500 7,637,391 ‐
Unearned revenue 375,017 46,750 421,767 ‐
Net pension liability 1,951,922 310,733 2,262,655 ‐
Interest payable 4,583,436 ‐ 4,583,436 ‐
Bonds and loans payable 21,115,000 2,976,046 24,091,046 ‐
Liabilities payable from restricted assets:
Accounts payable 9,444,457 706,748 10,151,205 ‐
Wages payable 1,379,803 ‐ 1,379,803 ‐
Retainage payable 3,856,659 161,138 4,017,797 ‐
Refundable deposits 1,165,383 82,851 1,248,234 ‐
Interest payable ‐ 1,081,991 1,081,991 ‐
Due to other governments 4,561,537 50,234 4,611,771 ‐
Unearned revenue ‐ 160,810 160,810 ‐
Notes payable ‐ 2,459,057 2,459,057 ‐
Bonds and loans payable ‐ 992,015 992,015 ‐
Total current liabilities 92,508,363 44,544,262 137,052,625 ‐
Noncurrent liabilities:
Self‐insurance claims payable 2,314,157 ‐ 2,314,157 ‐
Compensated absences 18,735,891 588,347 19,324,238 ‐
Capital lease obligations 228,726 520,901 749,627 ‐
Landfill post‐closure liability ‐ 1,777,319 1,777,319 ‐
Total OPEB liability 24,636,856 2,456,706 27,093,562 ‐
Net pension liability 253,330,774 51,217,115 304,547,889 ‐
Notes payable 4,615,198 77,879,000 82,494,198 ‐
Bonds and loans payable, net 287,686,404 76,207,677 363,894,081 ‐
Total noncurrent liabilities 591,548,006 210,647,065 802,195,071 ‐
Total liabilities 684,056,369 255,191,327 939,247,696 ‐
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 6,137 2,121 8,258 ‐
Deferred inflows of resources related to pensions 13,545,057 2,341,529 15,886,586 ‐
Total deferred inflows of resources 13,551,194 2,343,650 15,894,844 ‐
NET POSITION
Net investment in capital assets 1,257,684,416 741,912,315 1,999,596,731 ‐
Restricted for:
Growth related capital expansion 95,462,590 23,875,468 119,338,058 ‐
Transportation capital projects 45,218,462 ‐ 45,218,462 ‐
Community development 41,019,554 ‐ 41,019,554 ‐
Tourist development 70,505,097 ‐ 70,505,097 ‐
Conservation 32,975,606 ‐ 32,975,606 ‐
Community redevelopment 11,516,220 ‐ 11,516,220 ‐
Grants 14,930,727 1,344,819 16,275,546 ‐
Debt service 514,666 7,098,843 7,613,509 ‐
Court programs 11,370,506 11,370,506 ‐
Public safety 7,218,485 7,218,485 ‐
Nonexpendable purposes ‐ other 1,582,800 ‐ 1,582,800 ‐
Special revenues ‐ other 4,607,276 ‐ 4,607,276 ‐
Renewal and replacement ‐ 300,000 300,000 ‐
Unrestricted (24,010,633) 168,601,384 144,590,751 212,716
Total net position 1,570,595,772$ 943,132,829$ 2,513,728,601$ 212,716$
Primary Government
17
Fees, Fines and Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
Primary Government:
Governmental Activities:
General government 108,388,277$ 33,376,981$ 1,349,204$ 2,515,550$
Public safety 225,360,353 24,240,055 3,711,304 3,298,046
Physical environment 17,892,853 909,015 2,608,281 1,467,966
Transportation 75,588,705 2,023,556 10,575,755 20,108,829
Economic environment 8,494,380 58,578 5,199,617 22,103
Human services 15,511,965 498,852 2,851,552 621,470
Culture and recreation 51,889,208 8,192,330 243,731 10,090,298
Interest and fiscal charges 11,293,496 ‐ ‐ ‐
Total governmental activities 514,419,237 69,299,367 26,539,444 38,124,262
Business‐type Activities:
Water and sewer 144,850,747 135,045,020 ‐ 24,474,866
Solid waste 43,663,862 45,209,080 135,654 ‐
Emergency medical services 28,643,544 11,812,297 438,843 ‐
Airport authority 4,904,415 3,733,371 ‐ 1,605,092
Mass transit 11,354,348 1,267,175 4,450,120 913,193
Total business‐type activities 233,416,916 197,066,943 5,024,617 26,993,151
Total primary government 747,836,153 266,366,310 31,564,061 65,117,413
Component Units:
Industrial Development Authority 2,850$ 2,550$ ‐$ ‐$
Health Facilities Authority 62,734 50 ‐ ‐
Housing Finance Authority 3,911 50 ‐ ‐
Educational Facilities Authority 12,850 50 ‐ ‐
Total component units 82,345$ 2,700$ ‐$ ‐$
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 as previously stated
Restatement of net position due to merger
Restatement of net position due to
implementation of GASB 75
Net position ‐ beginning as restated
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, 2017
Program Revenues
18
Governmental Business‐type Component
Activities Activities Total Units
(71,146,542)$ ‐$ (71,146,542)$ ‐$
(194,110,948) ‐ (194,110,948) ‐
(12,907,591) ‐ (12,907,591) ‐
(42,880,565) ‐ (42,880,565) ‐
(3,214,082) ‐ (3,214,082) ‐
(11,540,091) ‐ (11,540,091) ‐
(33,362,849) ‐ (33,362,849) ‐
(11,293,496) ‐ (11,293,496) ‐
(380,456,164) ‐ (380,456,164) ‐
‐ 14,669,139 14,669,139 ‐
‐ 1,680,872 1,680,872 ‐
‐ (16,392,404) (16,392,404) ‐
‐ 434,048 434,048 ‐
‐ (4,723,860) (4,723,860) ‐
‐ (4,332,205) (4,332,205) ‐
(380,456,164) (4,332,205) (384,788,369) ‐
(300)$
(62,684)
(3,861)
(12,800)
(79,645)$
312,632,590 ‐ 312,632,590 ‐
21,798,588 ‐ 21,798,588 ‐
41,798,943 ‐ 41,798,943 ‐
21,961,389 ‐ 21,961,389 ‐
5,084,037 ‐ 5,084,037 ‐
11,602,055 ‐ 11,602,055 ‐
2,394,290 ‐ 2,394,290 ‐
3,573,610 1,379,093 4,952,703 73
9,714,512 126,181 9,840,693 ‐
(14,792,495) 14,792,495 ‐ ‐
415,767,519 16,297,769 432,065,288 73
35,311,355 11,965,564 47,276,919 (79,572)
1,555,966,436 928,046,945 2,484,013,381 292,288
‐ 5,502,450 5,502,450 ‐
(20,682,019) (2,382,130) (23,064,149) ‐
1,535,284,417 931,167,265 2,466,451,682 292,288
1,570,595,772$ 943,132,829$ 2,513,728,601$ 212,716$
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 76,738,512$ 1,834,148$ 513,765$ 377,432,687$ 456,519,112$
Cash with fiscal agent ‐ ‐ ‐ 11,592,085 11,592,085
Receivables:
Interest 152,476 3,860 1,136 828,314 985,786
Trade, net 503,391 ‐ ‐ 1,710,911 2,214,302
Notes 1,576,731 ‐ ‐ 485,524 2,062,255
Impact Fee ‐ ‐ ‐ 5,415,909 5,415,909
Special assessments ‐ ‐ ‐ 1,405 1,405
Due from other funds 476,567 ‐ ‐ 11,954,875 12,431,442
Due from other governments 2,878,059 ‐ ‐ 18,533,292 21,411,351
Deposits 6,253 ‐ 625 1,250 8,128
Inventory for resale ‐ 9,566,959 ‐ 229,733 9,796,692
Inventory 1,357,822 ‐ ‐ 802,254 2,160,076
Advances to other funds 416,000 ‐ ‐ 337,701 753,701
Prepaid costs 35,763 ‐ ‐ ‐ 35,763
Total assets 84,141,574$ 11,404,967$ 515,526$ 429,325,940$ 525,388,007$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 8,591,918$ 114,152$ 24$ 12,223,874$ 20,929,968$
Wages payable 9,068,790 13,595 10,310 2,106,366 11,199,061
Due to other funds 710,836 129,603 2,500 11,650,981 12,493,920
Due to other governments 2,401,867 150 ‐ 5,063,162 7,465,179
Unearned revenues 20 ‐ ‐ 365,713 365,733
Refundable deposits 1,100,948 1,500 ‐ 62,935 1,165,383
Retainage payable ‐ 26,373 ‐ 5,017,561 5,043,934
Advances from other funds ‐ ‐ 208,901 1,377,600 1,586,501
Total liabilities 21,874,379 285,373 221,735 37,868,192 60,249,679
Deferred inflows of resources:
Unavailable revenue 37,744 ‐ ‐ 5,458,250 5,495,994
Fund balances:
Nonspendable 3,386,316 ‐ ‐ 2,385,054 5,771,370
Restricted 2,439,787 11,119,594 293,791 317,033,646 330,886,818
Committed ‐ ‐ ‐ 32,758,821 32,758,821
Assigned 1,598,245 ‐ ‐ 33,821,977 35,420,222
Unassigned 54,805,103 ‐ ‐ ‐ 54,805,103
Total fund balances 62,229,451 11,119,594 293,791 385,999,498 459,642,334
Total liabilities, deferred inflows of
resources and fund balances 84,141,574$ 11,404,967$ 515,526$ 429,325,940$ 525,388,007$
The notes to the financial statements are an integral part of this statement.
COLLIER COUNTY, FLORIDA
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017
20
459,642,334$
Land and other non‐depreciable assets 420,184,753$
Construction in progress 83,938,571
Depreciable assets, net of $927,741,808
in accumulated depreciation 1,052,339,550 1,556,462,874
10,588
5,495,994
413,383
Accrued interest on bonds (4,583,436)$
Bonds and notes payable (300,002,089)
Capital lease obligations (315,801)
Compensated absences (27,963,959)
Total OPEB liability (24,310,308)
Pension liability (250,115,056)
Unamortized premium (13,871,404) (621,162,053)
11,349,043
83,607
108,025,692
(5,855)
(13,290,606)
63,570,771
Total net position ‐ governmental activities 1,570,595,772$
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 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, 2017 are:
Unamortized deferred charges on refunding
OPEB deferred outflows
not reported in the funds. Those assets consist of:
Pension deferred outflows
Pension deferred inflows
Insurance recovery for asset impairment will be collected after year‐end and is recorded as a
receivable in the statement of net position
COLLIER COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2017
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 263,614,045$ 1,292,600$ 544,600$ 90,433,161$ 355,884,406$
Licenses, permits and impact fees 281,351 ‐ 1,108 58,934,473 59,216,932
Intergovernmental 55,298,792 ‐ ‐ 31,357,350 86,656,142
Charges for services 17,067,279 56,076 1,802 16,882,967 34,008,124
Fines and forfeitures 300,107 ‐ ‐ 1,963,297 2,263,404
Interest income 837,039 9,474 3,182 2,382,859 3,232,554
Special assessments ‐ ‐ ‐ 4,350,323 4,350,323
Miscellaneous 2,386,323 78,613 ‐ 6,239,853 8,704,789
Total revenues 339,784,936 1,436,763 550,692 212,544,283 554,316,674
Expenditures:
Current:
General government 61,108,697 ‐ ‐ 28,083,981 89,192,678
Public safety 165,755,765 ‐ ‐ 32,006,713 197,762,478
Physical environment 883,540 ‐ ‐ 11,581,265 12,464,805
Transportation 319,032 ‐ ‐ 40,683,632 41,002,664
Economic environment 2,079,708 424,977 422,969 5,270,857 8,198,511
Human services 11,395,607 ‐ ‐ 3,661,921 15,057,528
Culture and recreation 15,611,130 ‐ ‐ 27,277,893 42,889,023
Debt service
Principal 598,641 ‐ ‐ 20,840,456 21,439,097
Interest 34,868 ‐ ‐ 11,873,473 11,908,341
Redemption of debt ‐ ‐ ‐ 5,588,423 5,588,423
Fiscal charges ‐ ‐ ‐ 47,659 47,659
Capital outlay 10,115,870 305,892 6,136 70,067,338 80,495,236
Total expenditures 267,902,858 730,869 429,105 256,983,611 526,046,443
Excess (deficit) of revenues
over (under) expenditures 71,882,078 705,894 121,587 (44,439,328) 28,270,231
Other financing sources (uses):
Notes issued ‐ ‐ ‐ 5,293,293 5,293,293
Sale of capital assets 130,885 ‐ ‐ 24,233 155,118
Insurance proceeds 223,750 ‐ ‐ 114,772 338,522
Transfers in 11,316,472 136,800 85,000 106,294,697 117,832,969
Transfers out (80,897,267) (85,500) ‐ (52,851,697) (133,834,464)
Total other financing sources (uses) (69,226,160) 51,300 85,000 58,875,298 (10,214,562)
Net change in fund balances 2,655,918 757,194 206,587 14,435,970 18,055,669
Fund balances at beginning of year 59,573,533 10,362,400 87,204 371,563,528 441,586,665
Fund balances at end of year 62,229,451$ 11,119,594$ 293,791$ 385,999,498$ 459,642,334$
COLLIER COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
The notes to the financial statements are an integral part of this statement.
22
18,055,669$
Capital outlay 80,495,236$
Depreciation expense (72,734,984) 7,760,252
645,913
(2,039)
(431,096)
869,375
Bond and loan principal payments 21,112,714$
Payments on capital lease obligations 621,513 21,734,227
Compensated absences (1,821,115)$
OPEB expense (19,135)
Pension expense (18,351,623)
Accrued interest on bonds and loans 313,108
Amortization of bond insurance premium (2,491)
Amortization of deferred charges on refunding (1,098,048)
Amortization of premium 1,449,935 (19,529,369)
6,208,423
Change in net position ‐ governmental activities 35,311,355$
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:
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, 2017
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 273,760,700$ 273,760,700$ 263,657,320$ (10,103,380)$
Licenses, permits and impact fees 304,000 304,000 281,351 (22,649)
Intergovernmental 50,403,000 50,904,027 55,298,792 4,394,765
Charges for services 19,397,049 21,469,350 17,067,279 (4,402,071)
Fines and forfeitures 491,500 491,500 300,107 (191,393)
Interest income 802,100 827,100 1,296,904 469,804
Miscellaneous 8,334,200 8,397,008 10,243,006 1,845,998
Total revenues 353,492,549 356,153,685 348,144,759 (8,008,926)
Expenditures:
Current:
General government
Board of County Commissioners personal services 1,177,100 1,177,100 1,077,253 99,847
Board of County Commissioners operating 95,600 95,600 76,234 19,366
County manager administrative personal services 988,900 988,900 942,925 45,975
County manager administrative operating 60,900 60,900 46,374 14,526
Corporate planning and performance improvements personal services 581,800 581,800 548,473 33,327
Corporate planning and performance improvements operating 41,600 41,600 9,290 32,310
Budget and management personal services 683,100 683,100 576,683 106,417
Budget and management operating 88,900 81,868 47,123 34,745
Budget and management capital outlay ‐ 2,832 2,756 76
Administrative services personal services 2,542,300 2,615,049 2,551,191 63,858
Administrative services operating 292,200 292,200 169,921 122,279
Administrative services capital outlay 15,000 4,200 4,134 66
Human resources administration personal services 1,457,100 1,457,100 1,405,747 51,353
Human resources administration operating 704,900 700,200 447,925 252,275
Human resources administration capital outlay 6,500 6,500 5,512 988
Clerk of the Circuit Court personal services 7,219,500 6,940,900 6,833,684 107,216
Clerk of the Circuit Court operating 2,115,700 2,347,300 2,158,896 188,404
Clerk of the Circuit Court capital outlay 224,400 569,400 562,174 7,226
Property Appraiser personal services 5,427,955 5,230,800 5,269,406 (38,606)
Property Appraiser operating 1,610,534 1,717,189 1,730,282 (13,093)
Property Appraiser capital outlay 25,000 115,500 95,721 19,779
Tax Collector personal services 10,798,666 10,729,666 10,507,089 222,577
Tax Collector operating 3,353,155 3,422,155 3,082,187 339,968
Tax Collector capital outlay 1,932,462 1,932,462 1,774,740 157,722
County attorney personal services 2,236,900 2,254,400 2,238,659 15,741
County attorney operating 395,600 593,844 256,096 337,748
County attorney capital outlay 5,000 5,000 ‐ 5,000
Natural resource planning operating 101,100 103,140 103,140 ‐
Circuit court operating 34,200 34,200 32,505 1,695
County court operating 22,800 22,800 21,303 1,497
State Attorney operating 276,200 276,200 271,232 4,968
Public Defender operating 242,000 242,000 227,298 14,702
Other general administrative personal services 200,000 65,700 14,052 51,648
Other general administrative operating 7,396,500 7,290,210 5,264,378 2,025,832
Facilities management personal services 4,923,500 5,095,701 5,095,048 653
Facilities management operating 8,310,800 8,583,625 8,696,983 (113,358)
Facilities management capital outlay 78,300 127,996 140,166 (12,170)
Sheriff personal services 3,951,000 4,161,000 4,494,939 (333,939)
Sheriff operating 177,700 177,700 77,948 99,752
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, 2017
24
Original Final
Budget Budget Actual Variance
Supervisor of Elections personal services 2,149,200$ 2,166,700$ 2,055,127$ 111,573$
Supervisor of Elections operating 1,509,300 1,467,764 1,373,091 94,673
Supervisor of Elections capital outlay 30,000 46,990 46,987 3
Public services operations personal services 353,800 355,500 354,204 1,296
Public services operations operating 15,900 15,900 14,705 1,195
Public services operations capital outlay 2,600 1,378 1,378 ‐
Real property management personal services 674,500 656,300 654,083 2,217
Real property management operating 38,500 38,500 34,248 4,252
Total general government 74,568,672 75,576,869 71,393,290 4,183,579
Public safety
Sheriff personal services 128,368,500 136,059,500 136,789,755 (730,255)
Sheriff operating 28,842,400 29,404,400 24,598,255 4,806,145
Sheriff capital outlay 5,321,600 6,071,600 6,826,095 (754,495)
Emergency management administration personal services 881,800 961,700 961,663 37
Emergency management administration operating 694,700 1,267,000 717,450 549,550
Helicopter operations personal services 866,100 866,100 791,714 74,386
Helicopter operations operating 874,700 847,300 648,770 198,530
Helicopter operations capital outlay 2,000 4,000 3,850 150
Medical examiner services operating 1,284,100 1,284,100 1,281,658 2,442
Medical examiner services capital outlay ‐ 18,350 ‐ 18,350
Total public safety 167,135,900 176,784,050 172,619,210 4,164,840
Physical environment
Conservation and resource management personal services 737,100 754,600 714,018 40,582
Conservation and resource management operating 170,800 163,300 150,392 12,908
Conservation and resource management capital outlay ‐ 7,500 7,105 395
Immokalee cemetery operating 22,800 22,800 19,130 3,670
Total physical environment 930,700 948,200 890,645 57,555
Transportation
Alternative transportation modes personal services 248,600 311,550 299,991 11,559
Alternative transportation modes operating 26,400 26,400 19,041 7,359
Total transportation 275,000 337,950 319,032 18,918
Economic environment
Veterans services personal services 337,300 339,200 338,125 1,075
Veterans services operating 35,300 34,796 32,369 2,427
Veterans services capital outlay ‐ 3,185 3,185 ‐
Economic development personal services 391,600 402,550 401,802 748
Economic development operating 1,633,100 1,645,336 1,307,412 337,924
Economic development capital outlay 2,000 28,535 1,279 27,256
Total economic environment 2,399,300 2,453,602 2,084,172 369,430
Human services
Health Care Responsibility Act operating 46,100 46,100 ‐ 46,100
Domestic animal services personal services 2,184,900 2,186,600 2,139,772 46,828
Domestic animal services operating 946,500 1,020,419 854,539 165,880
Domestic animal services capital outlay 114,800 124,552 58,758 65,794
Health department operating 1,822,000 2,428,855 1,978,111 450,744
Mental health operating 1,649,400 1,995,600 1,649,400 346,200
Client assistance personal services 818,200 818,200 776,296 41,904
Client assistance operating 4,538,100 4,557,260 3,631,335 925,925
Client assistance capital outlay 4,000 5,141 5,038 103
(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, 2017
25
Original Final
Budget Budget Actual Variance
Public services division office personal services 320,800$ 320,800$ 308,370$ 12,430$
Public services division office operating 32,900 40,766 33,364 7,402
Public services division office capital outlay 3,000 2,756 2,756 ‐
Total human services 12,480,700 13,547,049 11,437,739 2,109,310
Culture and recreation
Library administration personal services 5,491,200 5,491,200 5,115,502 375,698
Library administration operating 2,285,300 2,281,800 2,208,981 72,819
Library administration capital outlay 50,000 50,000 50,000 ‐
Beach and water park operations personal services 3,464,100 3,481,100 3,256,285 224,815
Beach and water park operations operating 2,715,000 2,689,869 2,095,747 594,122
Beach and water park operations capital outlay ‐ 53,938 21,911 32,027
Parks maintenance personal service 1,263,300 1,287,500 1,260,102 27,398
Parks maintenance operating 2,311,900 1,971,066 1,680,650 290,416
Parks maintenance capital outlay 133,200 403,030 234,516 168,514
Total culture and recreation 17,714,000 17,709,503 15,923,694 1,785,809
Total expenditures 275,504,272 287,357,223 274,667,782 12,689,441
Excess of revenues over expenditures 77,988,277 68,796,462 73,476,977 4,680,515
Other financing sources (uses):
Sale of capital assets ‐ ‐ 124,156 124,156
Insurance proceeds ‐ 752 4,806 4,054
Transfers in 6,763,523 6,756,201 11,464,372 4,708,171
Transfers out (80,006,500) (82,536,968) (81,147,267) 1,389,701
Total other financing sources (uses) (73,242,977) (75,780,015) (69,553,933) 6,226,082
Net change in fund balance 4,745,300 (6,983,553) 3,923,044 10,906,597
Fund balance at beginning of year 48,199,500 50,136,649 50,136,649 ‐
Fund balance at end of year 52,944,800$ 43,153,096$ 54,059,693$ 10,906,597$
Reconciliation:
Net change in fund balance, budgetary basis 3,923,044$
Ad valorem tax refunds not budgeted (43,275)
Net change in fair value of investments (459,865)
Miscellaneous revenue related to indirect cost (7,860,800)
Miscellaneous revenue related to Sheriff assets not budgeted 4,117
Change in inventory (129,196)
General government expenditures related to indirect cost 7,860,800
Public safety expenditures for multi‐period projects not budgeted (486,890)
Public safety capital outlay funded by outside sources not budgeted (229,790)
Insurance proceeds related to Sheriff assets not budgeted 218,944
Proceeds from sale of Sheriff assets not budgeted 6,729
Advances budgeted as transfers (147,900)
Net change in fund balance, GAAP basis 2,655,918$
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, 2017
COLLIER COUNTY, FLORIDA
GENERAL FUND
26
Original Final
Budget Budget Actual Variance
Revenues:
Taxes 1,292,600$ 1,292,600$ 1,292,600$ ‐$
Intergovernmental ‐ 117,000 ‐ (117,000)
Charges for services ‐ 680,000 56,076 (623,924)
Interest income 7,800 7,800 16,509 8,709
Miscellaneous 62,400 62,400 78,613 16,213
Total revenues 1,362,800 2,159,800 1,443,798 (716,002)
Expenditures:
Economic environment
Personal services 277,400 277,400 251,734 25,666
Operating 365,100 418,884 173,243 245,641
Capital outlay ‐ 787,000 305,892 481,108
Total expenditures 642,500 1,483,284 730,869 752,415
Excess of revenues over expenditures 720,300 676,516 712,929 36,413
Other financing sources (uses):
Transfers in 136,800 136,800 136,929 129
Transfers out (832,800) (832,800) (85,629) 747,171
Total other financing sources (uses) (696,000) (696,000) 51,300 747,300
Net change in fund balances 24,300 (19,484) 764,229 783,713
Fund balances at beginning of year 775,100 818,884 818,884 ‐
Fund balances at end of year 799,400$ 799,400$ 1,583,113$ 783,713$
Reconciliation:
Net change in fund balance, budgetary basis 764,229$
Net change in fair value of investments (7,035)
Net change in fund balance, GAAP basis 757,194$
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, 2017
27
Original Final
Budget Budget Actual Variance
Revenues:
Taxes 544,600$ 544,600$ 544,600$ ‐$
Intergovernmental ‐ ‐ 1,108 1,108
Charges for services ‐ 600,000 1,802 (598,198)
Interest income 2,000 2,000 5,542 3,542
Total revenues 546,600 1,146,600 553,052 (593,548)
Expenditures:
Economic environment
Personal services 245,400 245,400 234,909 10,491
Operating 270,200 290,200 188,060 102,140
Capital outlay 5,000 795,495 6,136 789,359
Total expenditures 520,600 1,331,095 429,105 901,990
Excess (deficit) of revenues
over (under) expenditures 26,000 (184,495) 123,947 308,442
Other financing sources (uses):
Transfers in 85,000 85,000 85,000 ‐
Transfers out (30,000) (30,000) (30,000) ‐
Total other financing sources (uses) 55,000 55,000 55,000 ‐
Net change in fund balances 81,000 (129,495) 178,947 308,442
Fund balances at beginning of year 268,100 268,100 268,100 ‐
Fund balances at end of year 349,100$ 138,605$ 447,047$ 308,442$
Reconciliation:
Net change in fund balance, budgetary basis 178,947$
Net change in fair value of investments (2,360)
Advances budgeted as transfers 30,000
Net change in fund balance, GAAP basis 206,587$
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, 2017
28
Governmental
Activities ‐
Emergency Internal
County Water Solid Waste Medical Other Service
and Sewer Disposal Services Funds Total Funds
Current assets:
Cash and investments 153,747,496$ 28,550,782$ 13,741,903$ 3,888,938$ 199,929,119$ 61,384,535$
Receivables:
Trade, net 12,078,161 1,287,271 1,680,708 127,842 15,173,982 5,105
Special assessments 30,499 ‐ 33,210 ‐ 63,709 ‐
Interest 341,858 173,250 ‐ 6,896 522,004 123,250
Due from other funds ‐ 36,829 3,656 26,233 66,718 65,436
Due from other governments 409,014 30,152 93,370 ‐ 532,536 94,365
Inventory 4,635,225 ‐ 20,393 90,341 4,745,959 332,249
Prepaid costs ‐ ‐ 61,312 ‐ 61,312 45,000
Restricted assets:
Cash and investments 4,755,055 132,963 196,347 245,407 5,329,772 ‐
Trade, net 28,949 ‐ ‐ ‐ 28,949 ‐
Interest receivable 51,864 ‐ 383 ‐ 52,247 ‐
Due from other governments 37,500 ‐ ‐ 1,577,653 1,615,153 ‐
Total current assets 176,115,621 30,211,247 15,831,282 5,963,310 228,121,460 62,049,940
Noncurrent assets:
Restricted assets:
Cash and investments 31,191,808 ‐ ‐ ‐ 31,191,808 ‐
Receivables:
Special assessments 12,412 ‐ ‐ ‐ 12,412 ‐
Advances to other funds 511,025 321,775 ‐ ‐ 832,800 ‐
Capital assets:
Land and nondepreciable capital assets 77,441,211 10,862,770 ‐ 9,487,264 97,791,245 ‐
Depreciable capital assets, net 736,851,956 21,973,508 7,448,469 48,409,745 814,683,678 18,119,134
Total noncurrent assets 846,008,412 33,158,053 7,448,469 57,897,009 944,511,943 18,119,134
Total assets 1,022,124,033 63,369,300 23,279,751 63,860,319 1,172,633,403 80,169,074
Deferred charges on debt refundings 4,487,329 ‐ ‐ ‐ 4,487,329 ‐
Deferred outflows of resources related
to pensions 8,620,033 716,918 12,232,263 326,666 21,895,880 2,102,358
Total deferred outflows of resources 13,107,362 716,918 12,232,263 326,666 26,383,209 2,102,358
(Continued)
COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2017
Business‐type Activities Enterprise Funds
ASSETS
DEFERRED OUTFLOWS OF RESOURCES
29
Governmental
Activities ‐
Emergency Internal
County Water Solid Waste Medical Other Service
and Sewer Disposal Services Funds Total Funds
LIABILITIES
Current liabilities:
Accounts payable 15,886,811$ 5,098,526$ 276,368$ 568,659$ 21,830,364$ 1,975,310$
Wages payable 1,272,140 137,080 639,562 42,395 2,091,177 256,310
Retainage payable 1,491,382 177,382 ‐ ‐ 1,668,764 ‐
Due to other funds ‐ ‐ 12,536 9,200 21,736 47,940
Due to other governments 43,632 493 ‐ 3,622 47,747 ‐
Unearned revenues ‐ ‐ ‐ 46,750 46,750 9,284
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 6,170,602
Compensated absences 1,598,925 154,242 559,333 40,890 2,353,390 404,166
Capital lease obligations ‐ ‐ 343,947 ‐ 343,947 ‐
Net pension liability 194,083 15,807 91,739 9,104 310,733 41,218
Notes payable 7,180,500 ‐ ‐ ‐ 7,180,500 ‐
Bonds and loans payable 2,976,046 ‐ ‐ ‐ 2,976,046 ‐
Liabilities payable from restricted assets:
Accounts payable 116,472 ‐ ‐ 590,276 706,748 ‐
Retainage payable 69,995 ‐ ‐ 91,143 161,138 ‐
Due to other governments ‐ ‐ ‐ 50,234 50,234 ‐
Refundable deposits 73,025 ‐ ‐ 9,826 82,851 ‐
Unearned revenue ‐ 132,963 ‐ 27,847 160,810 ‐
Interest payable 1,081,991 ‐ ‐ ‐ 1,081,991 ‐
Notes payable 2,459,057 ‐ ‐ ‐ 2,459,057 ‐
Bonds and loans payable 992,015 ‐ ‐ ‐ 992,015 ‐
Total current liabilities 35,436,074 5,716,493 1,923,485 1,489,946 44,565,998 8,904,830
Noncurrent liabilities:
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 2,314,157
Compensated absences 399,731 38,560 139,834 10,222 588,347 101,041
Capital lease obligations ‐ ‐ 520,901 ‐ 520,901 ‐
Total OPEB liability 1,534,018 125,303 725,241 72,144 2,456,706 326,548
Net pension liability 21,479,238 1,780,261 27,111,563 846,053 51,217,115 5,126,422
Landfill post‐closure liability ‐ 1,777,319 ‐ ‐ 1,777,319 ‐
Notes payable 77,879,000 ‐ ‐ ‐ 77,879,000 ‐
Bonds and loans payable, net 76,207,677 ‐ ‐ ‐ 76,207,677 ‐
Total noncurrent liabilities 177,499,664 3,721,443 28,497,539 928,419 210,647,065 7,868,168
Total liabilities 212,935,738 9,437,936 30,421,024 2,418,365 255,213,063 16,772,998
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 1,325 108 626 62 2,121 282
Deferred inflows of resources related to pensions 1,108,574 91,327 1,095,066 46,562 2,341,529 254,451
Total deferred inflows of resources 1,109,899 91,435 1,095,692 46,624 2,343,650 254,733
NET POSITION
Net investment in capital assets 645,340,427 32,219,160 6,583,621 57,769,107 741,912,315 17,558,640
Restricted for grants and other purposes ‐ ‐ 196,730 1,148,089 1,344,819 ‐
Restricted for growth related capital expansion 23,875,468 ‐ ‐ ‐ 23,875,468 ‐
Restricted for renewal and replacement 300,000 ‐ ‐ ‐ 300,000 ‐
Restricted for debt service 7,098,843 ‐ ‐ ‐ 7,098,843 ‐
Unrestricted 144,571,020 22,337,687 (2,785,053) 2,804,800 166,928,454 47,685,061
Total net position 821,185,758$ 54,556,847$ 3,995,298$ 61,721,996$ 941,459,899 65,243,701$
1,672,930
Net position of Business‐type Activities 943,132,829$
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, 2017
30
Governmental
Activities ‐
Emergency Internal
County Water Solid Waste Medical Other Service
and Sewer Disposal Services Funds Total Funds
Operating revenues:
Charges for services 134,633,817$ 44,927,084$ 11,722,273$ 4,829,944$ 196,113,118$ 92,836,339$
Miscellaneous 411,203 281,996 90,024 170,602 953,825 64,315
Total operating revenues 135,045,020 45,209,080 11,812,297 5,000,546 197,066,943 92,900,654
Operating expenses:
Personal services 34,569,733 3,034,266 23,347,412 1,349,187 62,300,598 8,409,679
Operating 63,334,462 39,688,574 3,708,122 11,539,955 118,271,113 77,552,617
Depreciation and amortization 43,301,502 1,421,945 1,386,231 3,426,192 49,535,870 2,829,730
Total operating expenses 141,205,697 44,144,785 28,441,765 16,315,334 230,107,581 88,792,026
Operating income (loss) (6,160,677) 1,064,295 (16,629,468) (11,314,788) (33,040,638) 4,108,628
Non‐operating revenues (expenses):
Operating grants and contributions ‐ 135,654 438,843 4,450,120 5,024,617 ‐
Interest income 1,077,312 199,048 85,774 16,959 1,379,093 341,056
Insurance reimbursement 97,958 2,123 26,100 ‐ 126,181 708,024
Interest expense (3,053,940) ‐ (13,660) ‐ (3,067,600) ‐
Gain (loss) on disposal of capital assets (915,251) 54,097 162,403 22,536 (676,215) 274,156
Total non‐operating revenues (expenses) (2,793,921) 390,922 699,460 4,489,615 2,786,076 1,323,236
Income (loss) before contributions
and transfers (8,954,598) 1,455,217 (15,930,008) (6,825,173) (30,254,562) 5,431,864
Capital grants and contributions 24,474,866 ‐ ‐ 2,518,285 26,993,151 2,039
Transfers in 13,600 176,429 17,041,600 5,015,992 22,247,621 2,844,600
Transfers out (6,692,500) (739,059) (9,900) (13,667) (7,455,126) (1,635,600)
Total transfers and contributions 17,795,966 (562,630) 17,031,700 7,520,610 41,785,646 1,211,039
Change in net position 8,841,368 892,587 1,101,692 695,437 11,531,084 6,642,903
Net position ‐ beginning as previously stated 808,303,612 53,782,774 3,624,442 61,097,667 55,069,396
Restatement of net position due to merger 5,502,450 ‐ ‐ ‐ ‐
Restatement of net position due to
implementation of GASB 75 (1,461,672) (118,514) (730,836) (71,108) 3,531,402
Net position ‐ beginning as restated 812,344,390 53,664,260 2,893,606 61,026,559 58,600,798
Net position ‐ ending 821,185,758$ 54,556,847$ 3,995,298$ 61,721,996$ 65,243,701$
Consolidation adjustment for internal service fund activities related to enterprise funds 434,480
Change in net position of Business‐type Activities 11,965,564$
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, 2017
31
Governmental
Activities ‐
Emergency Internal
County Water Solid Waste Medical Other Service
and Sewer Disposal Services Funds Total Funds
Cash flows from operating activities:
Cash received for services 133,684,219$ 44,689,978$ 12,489,762$ 4,912,761$ 195,776,720$ ‐$
Cash received from other funds for services ‐ ‐ ‐ ‐ ‐ 84,238,974
Cash received from employees for services ‐ ‐ ‐ ‐ ‐ 6,739,491
Cash received from other governments
for services ‐ ‐ ‐ ‐ ‐ 225,190
Cash received from refundable deposits 98,341 766,523 ‐ ‐ 864,864 ‐
Cash received from retirees for services ‐ ‐ ‐ ‐ ‐ 1,626,820
Cash payments on behalf of retirees ‐ ‐ ‐ ‐ ‐ (1,049,933)
Cash payments for goods and services (49,417,864) (35,384,524) (2,318,711) (9,046,254) (96,167,353) (74,718,227)
Cash payments to employees (31,543,003) (2,763,294) (21,418,682) (1,267,212) (56,992,191) (7,871,740)
Cash payments for interfund services (7,427,066) (1,746,500) (1,351,855) (2,561,026) (13,086,447) (726,077)
Cash payments on refundable deposits (94,341) (706,263) ‐ ‐ (800,604) ‐
Net cash provided by (used for)
operating activities 45,300,286 4,855,920 (12,599,486) (7,961,731) 29,594,989 8,464,498
Cash flows from non‐capital financing activities:
Cash received from operating grants ‐ 110,234 371,087 6,585,733 7,067,054 ‐
Cash transfers from other funds 513,600 5,316,199 17,041,600 8,459,059 31,330,458 3,418,300
Cash transfers to other funds (6,692,500) (5,243,159) (9,900) (3,985,357) (15,930,916) (5,761,592)
Net cash provided by (used for) non‐capital
financing activities (6,178,900) 183,274 17,402,787 11,059,435 22,466,596 (2,343,292)
Cash flows from capital and related financing activities:
System development charges 12,477,989 ‐ ‐ ‐ 12,477,989 ‐
Special assessment collections 195 ‐ ‐ ‐ 195 ‐
Receipts from insurance reimbursements 72,088 2,123 26,100 ‐ 100,311 708,024
Proceeds from loans 87,083 ‐ ‐ ‐ 87,083 ‐
Proceeds from disposal of capital assets 277,960 53,385 28,780 61,883 422,008 292,697
Proceeds from capital grants ‐ ‐ ‐ 2,763,388 2,763,388 ‐
Payments for capital acquisitions (28,953,419) (2,675,435) (1,953,626) (4,472,058) (38,054,538) (4,105,706)
Principal payments on notes and
state revolving loans (4,665,463) ‐ ‐ ‐ (4,665,463) ‐
Principal payments on bonds (3,902,430) ‐ ‐ ‐ (3,902,430) ‐
Payments to escrow agents (4,132,944) ‐ ‐ ‐ (4,132,944) ‐
Principal payments on leases ‐ ‐ (382,180) ‐ (382,180) ‐
Interest and fiscal agent fees paid (4,537,425) ‐ (13,660) ‐ (4,551,085) ‐
Net cash used for capital and related
financing activities (33,276,366) (2,619,927) (2,294,586) (1,646,787) (39,837,666) (3,104,985)
Cash flows from investing activities:
Interest on investments 949,904 167,864 70,992 14,847 1,203,607 300,027
Net cash provided by investing activities 949,904 167,864 70,992 14,847 1,203,607 300,027
Net increase in cash and investments 6,794,924 2,587,131 2,579,707 1,465,764 13,427,526 3,316,248
Cash and investments, October 1, 2016 182,899,435 26,096,614 11,358,543 2,668,581 223,023,173 58,068,287
Cash and investments, September 30, 2017 189,694,359$ 28,683,745$ 13,938,250$ 4,134,345$ 236,450,699$ 61,384,535$
Current cash and investments 153,747,496$ 28,550,782$ 13,741,903$ 3,888,938$ 199,929,119 61,384,535$
Current cash and investments‐restricted 4,755,055 132,963 196,347 245,407 5,329,772 ‐
Noncurrent cash and investments‐restricted 31,191,808 ‐ ‐ ‐ 31,191,808 ‐
Cash and investments, September 30, 2017 189,694,359$ 28,683,745$ 13,938,250$ 4,134,345$ 236,450,699$ 61,384,535$
(Continued)
Business‐type Activities Enterprise Funds
PROPRIETARY FUNDS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
32
Governmental
Activities ‐
Emergency Internal
County Water Solid Waste Medical Other Service
and Sewer Disposal Services Funds Total Funds
Operating income (loss)(6,160,677)$ 1,064,295$ (16,629,468)$ (11,314,788)$ (33,040,638)$ 4,108,628$
Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:
Depreciation expense 43,301,502 1,421,945 1,386,231 3,426,192 49,535,870 2,829,730
Net changes in assets and liabilities:
Trade receivable (1,632,013) (412,918) 684,127 (89,538) (1,450,342) 2,313
Due from other funds ‐ ‐ 6,342 33,795 40,137 2,294
Due from other governments 304,488 ‐ ‐ 1,047 305,535 (70,592)
Inventory 968,303 ‐ 25,919 (18,644) 975,578 35,307
Prepaid costs ‐ ‐ 49,051 ‐ 49,051 49,820
Accounts payable 5,232,147 2,557,170 (50,271) (8,209) 7,730,837 339,733
Retainage payable 212,452 62,539 ‐ ‐ 274,991 ‐
Wages payable 388,103 ‐ (60) 7,607 395,650 16,552
Due to other funds ‐ ‐ 6,194 (74,712) (68,518) 47,940
Due to other governments 43,354 380 ‐ 139 43,873 (14)
Compensated absences 93,851 25,561 33,212 7,535 160,159 (15,209)
Refundable deposits 4,000 ‐ ‐ ‐ 4,000 ‐
Unearned revenue ‐ 60,260 ‐ 1,012 61,272 (1,189)
Self‐insurance claims payable ‐ ‐ ‐ ‐ ‐ 582,589
Total OPEB liability and related deferred
outflows/inflows 73,671 6,897 (4,969) 1,098 76,697 (16,860)
Net pension liability and related deferred
outflows/inflows 2,471,105 175,975 1,894,206 65,735 4,607,021 553,456
Landfill post closure liability ‐ (106,184) ‐ ‐ (106,184) ‐
Total adjustments 51,460,963 3,791,625 4,029,982 3,353,057 62,635,627 4,355,870
Net cash provided by (used for)
operating activities 45,300,286$ 4,855,920$ (12,599,486)$ (7,961,731)$ 29,594,989$ 8,464,498$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (835,017)$ (148,541)$ (65,246)$ (12,434)$ (1,061,238)$ (233,807)$
Developer infrastructure contributions 11,641,549 ‐ ‐ ‐ 11,641,549 ‐
Contributed capital assets ‐ ‐ 157,800 283,724 441,524 2,039
Change in capital related grant receivable 375,000 ‐ ‐ (1,474,108) (1,099,108) ‐
Change in special assessment receivable 1,056 ‐ ‐ ‐ 1,056 ‐
Bond proceeds 89,894,917 ‐ ‐ ‐ 89,894,917 ‐
Payment to escrow agent (89,894,917) ‐ ‐ ‐ (89,894,917) ‐
Capital related accounts payable 4,993,245 439,736 215,574 36,759 5,685,314 560,494
Assets received from business combination 5,502,450 ‐ ‐ ‐ 5,502,450 ‐
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, 2017
33
Agency
Funds
Cash and investments 34,122,688$
Receivables:
Interest 12,777
Other 53,490
Total assets 34,188,955$
LIABILITIES
Due to other governments 7,324,762$
Due to individuals 555,208
Refundable deposits 26,143,121
Due to special assessment holders 165,864
Total liabilities 34,188,955$
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, 2017
34
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
INDEX
NOTE PAGE NUMBER
1 Summary of Significant Accounting Policies 36
2 Cash and Investments 47
3 Trade Receivables 51
4 Interfund Payables and Receivables 51
5 Capital Assets 53
6 Long‐Term Debt 54
7 Conduit Debt Obligations 60
8 Defined Benefit Pension Plans 60
9 Defined Contribution Plan 67
10 Transfers 67
11 Net Position/Fund Balances 68
12 Risk Management 71
13 Other Postemployment Benefits 72
14 Landfill Liability 77
15 Significant Contingencies 78
16 Significant Commitments 78
17 Subsequent Events 79
18 Government Combination and Change in Accounting Principle 80
35
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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 financi al
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. T he Airport Authority is responsible for construction, improvement, equipment, development,
regulation, operation and maintenance of the Marco Island, Immo kalee and Everglades Airports and all related airport facilities.
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.
36
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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
3570 Bayshore Drive, Unit #102
Naples, Florida 34112
Collier County Health Facilities Authority
Collier County Housing Finance Authority
Collier County Industrial Development Authority
Collier County Educational Facilities Authority
5100 Tamiami Trail North, #103
Naples, Florida 34103
37
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
Certain separate legal entities within the County are autonomous organizations with their own governmental powers and
constituencies. These entities, which are not included in these financial statements, are as follows:
The Cities of Naples, Marco Island and Everglades ‐ The Cities of Naples, Marco Island and Everglades are in the boundaries of
Collier County. Each of these entities has a separately elected board and separate budgeting, accounting and reporting
requirements.
Collier County School Board ‐ The Collier County School Board operates countywide and is completely separate and
autonomous. The School Board has five elected board members and a superintendent of schools and operates under
regulations prescribed by the State Board of Education and the Florida Statutes. It levies its own taxes and receives part of its
income from the State of Florida.
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 rev enue
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.
38
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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.
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.
39
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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.
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 co nsidered 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 b udget 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.
40
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
2) Within eighty days of the certification of value, but not earlier than sixty‐five days after certification, the
Board holds a public hearing on the tentative budget and proposed millage rate. At this hearing the Board
amends and adopts the tentative budget, recomputes the proposed millage rate, and announces publicly
the percentage, if any, by which the recomputed proposed millage rate exceeds the rolled‐back rate. If the
millage rate tentatively adopted exceeds that proposed, each taxpayer within the jurisdiction is notified of
the increase by first class mail, at the expense of the Board.
3) Within fifteen days of the meeting adopting the tentative budget, the Board advertises the County's intent
to adopt a final budget and millage rate.
4) A public hearing is held by the Board to finalize the budget and adopt a millage rate. This hearing is held
not less than two days and not more than five days after the day that the advertisement is first published.
Prior to September 30, the millage levy is adopted by a separate vote. 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. A ll unencumbered appropriations lapse at the end of the current
year. For further information regarding encumbrances, refer to Note 16 on page 79.
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.
41
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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.
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;
42
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
11) Fixed‐Income Mutual Funds – Shares on open end and no load fixed income mutual funds whose underlying
investments would be permitted for purchase under the investment policy and all its restrictions;
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).
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 Governmental Accounting Standards Board 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 categorized because they are not evidenced by securities that exist
in physical or book entry form. Throughout the year, and as of September 30, 2017, Florida PRIME contained certain floating
and adjustable rate securities. These investments represented 29.9% of Florida PRIME’s portfolio at September 30, 2017.
In accordance with Governmental Accounting Standards Board 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, 2017, 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.
43
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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.
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.
44
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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. 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 amorti zed
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.
INTEREST COST
In the proprietary funds, interest costs are expensed or capitalized as required by GASB Statement No. 62, Codification of
Accounting and Financial Reporting Guidance Contained in Pre‐November 30, 1989 FASB and AICPA Pronouncements.
45
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
PROPERTY TAXES
Property taxes become due and payable on November 1st of each year and become delinquent on April 1st of the following
year. 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, 2017 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.
No accrual for the property tax levy becoming due in November 2017 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, 2017 are as follows:
Property Tax Cycle Date
Assessment roll compiled January 1, 2016
Assessment roll certified July 1, 2016
Millage resolution approved Within 35 days of the certification of the assessment roll
Beginning of fiscal year for tax levy October 1, 2016
Taxes due and payable (levy date) November 1, 2016
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, 2017
Delinquent (lien date) April 1, 2017
Tax certificates sold Prior to June 1, 2017
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, 2017 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.
46
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
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
1,000 hours, and up to 500 hours of unused vacation time. 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.
NEW ACCOUNTING PRONOUNCEMENTS
For the year ended September 30, 2017, the financial statements include the impact of adoption of GASB Statement No. 75,
Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. The primary objective of this Statement
is to improve on accounting and financial reporting by state and local governments for postemployment benefits other than
pensions. This statement replaces the requirements of GASB Statement No. 45, Accounting and Financial Reporting by
Employers for Postemployment Benefits Other Than Pensions. For further information, see Note 18 on page 80.
NOTE 2 – CASH AND INVESTMENTS
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.
47
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
As of September 30, 2017, the County had the following cash and investments:
Investment
Final
Maturities Fair Value
First
Call Date Call Frequency Rating *
Cash on hand N/A 85,917$ N/A N/A N/A
Cash with fiscal agent N/A 11,592,085 N/A N/A N/A
Demand deposits N/A 103,713,523 N/A N/A N/A
Money market N/A 2,697 N/A N/A N/A
State Board of Administration Pool:
Florida PRIME N/A 36,923,229 N/A N/A AAAm
Federal Home Loan Mortgage Corporation 10/02/2017 250,000 N/AN/AAA+
Federal Home Loan Mortgage Corporation 10/27/2017 24,995,600 1/27/2016 quarterly AA+
US Treasury Note 11/09/2017 499,495 N/A N/A AA+
Federal Home Loan Mortgage Corporation 11/24/2017 24,991,000 2/24/2016 quarterly AA+
US Treasury Note 11/30/2017 24,980,800 N/A N/A AA+
US Treasury Note 11/30/2017 9,996,330 N/A N/A AA+
Federal Home Loan Bank 12/01/2017 8,999,478 N/A N/A AA+
Federal Home Loan Bank 12/08/2017 23,984,784 N/A N/A AA+
Federal Home Loan Mortgage Corporation 12/15/2017 499,910 N/A N/A AA+
Federal Home Loan Bank 12/19/2017 22,996,067 N/A N/A AA+
US Treasury Note 01/04/2018 498,650 N/A N/A AA+
Federal Home Loan Mortgage Corporation 01/30/2018 250,130 N/A N/A AA+
Federal Home Loan Mortgage Corporation 02/26/2018 20,978,517 2/26/2016 quarterly AA+
Federal Home Loan Bank 02/28/2018 499,660 N/A N/A AA+
Federal Home Loan Mortgage Corporation 03/07/2018 249,645 N/A N/A AA+
Federal Farm Credit Bank 03/14/2018 24,983,275 N/A N/A AA+
US Treasury Note 03/31/2018 249,425 N/A N/A AA+
Federal Home Loan Mortgage Corporation 04/09/2018 498,620 N/A N/A AA+
Federal Home Loan Bank 06/08/2018 25,493,500 N/A N/A AA+
Federal Home Loan Mortgage Corporation 06/29/2018 498,110 N/A N/A AA+
Federal National Mortgage Association 07/27/2018 49,772,150 7/27/2017 once AA+
US Treasury Note 07/31/2018 696,717 N/A N/A AA+
Federal Home Loan Mortgage Corporation 08/15/2018 19,944,560 8/15/2017 once AA+
Federal Home Loan Bank 08/23/2018 24,948,700 11/23/2016 quarterly AA+
US Treasury Note 08/31/2018 646,445 N/A N/A AA+
Federal Home Loan Mortgage Corporation 09/13/2018 24,920,000 12/13/2016 quarterly AA+
US Treasury Note 09/30/2018 499,980 N/A N/A AA+
US Treasury Note 10/31/2018 24,830,075 N/A N/A AA+
Federal Farm Credit Bank 11/19/2018 248,885 N/A N/A AA+
Federal Farm Credit Bank 12/19/2018 9,963,520 N/A N/A AA+
Federal Farm Credit Bank 12/21/2018 24,951,100 12/21/2016 continuously AA+
Federal Farm Credit Bank 12/27/2018 23,983,910 12/27/2017 continuously AA+
US Treasury Note 02/15/2019 431,094 N/A N/A AA+
US Treasury Note 03/31/2019 498,710 N/A N/A AA+
Federal Farm Credit Bank 07/01/2019 39,724,480 N/A N/A AA+
Federal National Mortgage Association 07/12/2019 24,723,850 1/12/2017 quarterly AA+
Federal Farm Credit Bank 07/12/2019 494,650 N/A N/A AA+
Federal Home Loan Mortgage Corporation 08/28/2019 24,850,725 11/28/2016 quarterly AA+
Federal National Mortgage Association 08/28/2019 14,853,030 N/A N/A AA+
US Treasury Note 10/15/2019 24,753,900 N/A N/A AA+
Federal Home Loan Mortgage Corporation 10/28/2019 22,240,366 4/28/2017 quarterly AA+
Federal National Mortgage Association 07/27/2020 24,346,725 1/27/2017 quarterly AA+
Federal Home Loan Bank 09/27/2021 24,688,750 12/27/2016 continuously AA+
Federal National Mortgage Association 09/30/2021 24,346,350 3/30/2017 quarterly AA+
Total 800,069,119$
* Standard and Poor's rating
48
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
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, 2017, the County had $36,923,229 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, 2017, the County had demand deposits of $103,713,523. 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 $212,716 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.
The dollar weighted average days to maturity (WAM) of Florida PRIME at September 30, 2017, is 51 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, 2017, is 50 days.
49
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 2 – CASH AND INVESTMENTS – CONTINUED
The portion of the County’s cash and investments invested in U.S. Government Agencies is detailed as follows, at September
30, 2017:
Issuer % of Portfolio
Federal Home Loan Bank 16.45%
Federal Farm Credit Bank 15.54%
Federal Home Loan Mortgage Corporation 20.64%
Federal National Mortgage Association 17.25%
Total U.S. Government Agencies 69.88%
Reconciliation of cash and investments to the basic financial statements:
Primary government:
Cash and investments 404,741,338$
Cash with Fiscal Agent 11,592,085
Restricted cash and investments ‐ current 24,756,590
Restricted cash and investments ‐ noncurrent 324,856,418
Agency funds:
Cash and investments 34,122,688
Total 800,069,119$
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.
The County has the following recurring fair value measurements as of September 30, 2017:
US Treasury Notes classified as Level 1 of the fair value hierarchy were valued using prices quoted in active markets for
those securities. As of September 30, 2017, the fair value of the County’s US Treasury Notes was $88,581,621.
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, 2017, the fair value of the County’s US Agency obligations was
$559,170,047.
50
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 3 ‐ TRADE RECEIVABLES
Trade receivables for Governmental and Business‐type Activities are net of an allowance for doubtful accounts as follows:
Trade
Receivables
Less Allowance
for Doubtful
Accounts
Net Trade
Receivables
General Fund 1,221,036$ 717,645$ 503,391$
Bayshore Gateway Community Redevelopment Agency 12,720 12,720 ‐
Nonmajor Governmental Funds 2,365,223 654,312 1,710,911
Total receivables reported in Governmental Funds 3,598,979 1,384,677 2,214,302
Total receivables reported in Internal Service Funds 19,624 14,519 5,105
Total Governmental Activities trade receivables 3,618,603$ 1,399,196$ 2,219,407$
County Water and Sewer 12,115,913$ 8,803$ 12,107,110$
Solid Waste Disposal 1,287,614 343 1,287,271
Emergency Medical Services 25,711,341 24,030,633 1,680,708
Nonmajor Enterprise Funds 145,155 17,313 127,842
Total Business‐type Activities trade receivables 39,260,023$ 24,057,092$ 15,202,931$
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.
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, 2017 were as
follows:
Advance To Advance From
Governmental Activities:
General Fund 416,000$ ‐$
Immokalee Community Redevelopment Agency ‐ 208,901
Other governmental funds:
Unincorporated Area MSTD 337,701 ‐
Improvement Districts ‐ 128,800
Fire Control Districts ‐ 416,000
Government Facilities Impact Fees Fund ‐ 832,800
Total Governmental Activities 753,701 1,586,501
Business‐type Activities:
County Water and Sewer 511,025 ‐
Solid Waste Disposal 321,775 ‐
Total Business‐type Activities 832,800 ‐
Total Advances 1,586,501$ 1,586,501$
51
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 4 – INTERFUND PAYABLES AND RECEIVABLES – CONTINUED
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.
Due from and due to other funds at September 30, 2017 were as follows:
Due From Due To
Governmental Activities:
General Fund 476,567$ 710,836$
Bayshore Gateway Community Redevelopment Age ‐ 129,603
Immokalee Community Redevelopment Agency ‐ 2,500
Other Governmental Funds:
Road Districts 927,767 ‐
Unincorporated Area MSTD 322,654 3,454
Water Management and Pollution Control 45,798 ‐
Grants and Shared Revenues 402,897 2,844,090
Improvement Districts 29,366 3,981
Fire Control Districts 24,740 ‐
Lighting Districts 9,814 ‐
911 Enhancement Fee ‐ 64,664
Tourist Development 144,227 ‐
Confiscated Property ‐ 11,352
Other Public Safety Revenue Funds 25,061 87,129
Forest Lakes Limited General Obligation Bonds 3,950 ‐
Special Obligation Revenue Bonds ‐ 8,350,000
County‐Wide Capital Improvement ‐ 33,247
Parks Improvements 360,192 ‐
Correctional Facilities Impact Fee 1,428,000 ‐
Water Management 252,824 22,746
Parks Impact Fee 2,637,000 ‐
Road Impact Districts 1,129,030 217,036
Road Construction 1,134,717 13,282
Government Facilities Impact Fee 2,527,000 ‐
Law Enforcement Impact Fee 549,000 ‐
Other Capital Projects 838 ‐
Total other governmental funds 11,954,875 11,650,981
Business‐type Activities:
Solid Waste 36,829 ‐
Emergency Medical Services 3,656 12,536
Other Business‐type funds:
Airport Authority 7,472 8,900
Collier Area Transit 18,761 300
Total other business‐type funds 26,233 9,200
Internal Service Funds 65,436 47,940
Total All Funds 12,563,596$ 12,563,596$
52
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 5 – CAPITAL ASSETS
A summary of capital asset activity for the year ended September 30, 2017 is as follows:
October 1,
2016, as
previously
reported
October 1,
2016, as
restated (1) Additions Deductions Reclass
September 30,
2017
Governmental Activities:
Capital assets not depreciated:
Land and other non‐depreciable assets 417,017,620$ 417,017,620$ 3,172,459$ (5,326)$ ‐$ 420,184,753$
Construction in progress 58,116,377 58,116,377 69,796,806 (58,505) (43,916,107) 83,938,571
Total capital assets not depreciated 475,133,997 475,133,997 72,969,265 (63,831) (43,916,107) 504,123,324
Capital assets depreciated:
Buildings 453,676,245 453,676,245 215,001 (515,668) 4,233,187 457,608,765
Infrastructure 1,036,426,216 1,036,426,216 206,117 (124,200) 34,815,234 1,071,323,367
Improvements other than buildings 285,503,018 285,503,018 500,117 (410,592) 4,448,173 290,040,716
Machinery and equipment 200,494,582 200,494,582 11,781,241 (12,542,465) 360,025 200,093,383
Total capital assets depreciated 1,976,100,061 1,976,100,061 12,702,476 (13,592,925) 43,856,619 2,019,066,231
Less accumulated depreciation:
Buildings 177,140,366 177,140,366 14,227,424 (431,193) ‐ 190,936,597
Infrastructure 374,496,564 374,496,564 34,126,929 (23,805) ‐ 408,599,688
Improvements other than buildings 176,213,096 176,213,096 12,465,566 (368,382) ‐ 188,310,280
Machinery and equipment 158,459,333 158,459,333 14,744,795 (12,383,658) (59,488) 160,760,982
Total accumulated depreciation 886,309,359 886,309,359 75,564,714 (13,207,038) (59,488) 948,607,547
Total depreciable capital assets, net 1,089,790,702 1,089,790,702 (62,862,238) (385,887) 43,916,107 1,070,458,684
Total Governmental Activities
capital assets, net 1,564,924,699$ 1,564,924,699$ 10,107,027$ (449,718)$ ‐$ 1,574,582,008$
Business‐type Activities:
Capital assets not depreciated:
Land and other non‐depreciable assets 31,410,592$ 31,467,594$ 18,772$ ‐$ ‐$ 31,486,366$
Construction in progress 54,451,091 54,451,091 33,556,924 (1,192,630) (20,510,506) 66,304,879
Total capital assets not depreciated 85,861,683 85,918,685 33,575,696 (1,192,630) (20,510,506) 97,791,245
Capital assets depreciated:
Buildings 146,696,001 150,000,851 ‐ (8,679) 1,412,328 151,404,500
Improvements other than buildings 1,166,393,598 1,168,504,716 11,706,318 (110,556) 17,760,485 1,197,860,963
Machinery and equipment 61,989,507 62,016,510 7,658,700 (3,506,159) 1,397,181 67,566,232
Total capital assets depreciated 1,375,079,106 1,380,522,077 19,365,018 (3,625,394) 20,569,994 1,416,831,695
Less accumulated depreciation:
Buildings 83,228,230 83,228,230 4,604,082 (5,424) ‐ 87,826,888
Improvements other than buildings 436,954,191 436,954,191 37,730,011 (110,556) ‐ 474,573,646
Machinery and equipment 35,960,202 35,960,202 7,201,777 (3,473,984) 59,488 39,747,483
Total accumulated depreciation 556,142,623 556,142,623 49,535,870 (3,589,964) 59,488 602,148,017
Total depreciable capital assets, net 818,936,483 824,379,454 (30,170,852) (35,430) 20,510,506 814,683,678
Total Business‐type Activities
capital assets, net 904,798,166$ 910,298,139$ 3,404,844$ (1,228,060)$ ‐$ 912,474,923$
(1) Restatement of capital assets as of October 1, 2016 is a result of the Collier County Water and Sewer District integrating the
Orange Tree Utility System during the 2017 fiscal year. For additional information, please see Note 18 on page 80.
53
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 5 – CAPITAL ASSETS – CONTINUED
Schedule of depreciation for fiscal year 2017:
General Government 7,975,097$
Public Safety 14,735,004
Physical Environment 5,904,295
Transportation 34,681,929
Economic Environment 324,150
Human Services 367,592
Culture and Recreation 8,746,917
Subtotal 72,734,984
Internal Service Funds 2,829,730
Total Governmental Activities 75,564,714$
Water and Sewer 43,301,502$
Solid Waste 1,421,945
EMS 1,386,231
Airport Authority 1,514,603
Mass Transit 1,911,589
Total Business‐type Activities 49,535,870$
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, 2017:
October 1,
2016, as
restated Additions Reductions
Premium
Amortized, net
September 30,
2017
Due within
one year
Governmental Activities:Bonds Payable $ 315,270 $ ‐ $ (20,340)$ ‐ $ 294,930 $ 21,115
Premium on Bonds Payable 15,321 ‐ ‐ (1,450) 13,871 ‐
Notes Payable 5,845 5,293 (6,066) ‐ 5,072 457
Capital Lease Obligations 937 ‐ (621) ‐ 316 87
Self‐Insurance Claims 7,902 54,722 (54,139) ‐ 8,485 6,171
Net Pension Liability 225,278 30,005 ‐ ‐ 255,283 1,952
Net OPEB Liability 24,557 1,398 (1,318) ‐ 24,637 ‐
Compensated Absences 26,663 9,413 (7,607) ‐ 28,469 9,733
Total 621,773$ 100,831$ (90,091)$ (1,450)$ 631,063$ 39,515$
Business‐type Activities:
Bonds and Loans Payable 168,475$ ‐$ (99,545)$ ‐$ $ 68,930 3,968$
Premium on Bonds Payable 11,848 ‐ ‐ (602) 11,246 ‐
Notes Payable 64 89,984 (2,529) ‐ 87,519 9,640
Capital Lease Obligations 1,247 ‐ (382) ‐ 865 344
Landfill Closure Liability 1,884 ‐ (107) ‐ 1,777 ‐
Net Pension Liability 45,134 6,394 ‐ ‐ 51,528 311
Net OPEB Liability 2,382 218 (143) ‐ 2,457 ‐
Compensated Absences 2,782 2,454 (2,294) ‐ 2,942 2,353
Total 233,816$ 99,050$ (105,000)$ (602)$ 227,264$ 16,616$
000's Omitted
54
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 6 – LONG‐TERM DEBT – CONTINUED
DESCRIPTIONS OF BONDS, LOANS AND NOTES PAYABLE
Bonds, loans and notes payable at September 30, 2017 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, due in installments of $300,000 to $540,000 through January 1,
2022; interest at 3.75% to 4.25% and collateralized by a limited ad valorem pledge of up to 4
mils.2,490,000$
Total Governmental Activities Limited General Obligation Bonds 2,490,000$
Governmental Activities Revenue Bonds
$38,680,000 2012 Gas Tax Refunding Revenue Bonds, due in annual installments of
$2,700,000 to $6,605,000 through June1,2023; interest at 3.00% to 5.00% and collateralized
by a pledge on the combined gas tax proceeds. 20,190,000$
$89,780,000 2014 Gas Tax Refunding Revenue Bonds, 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. 74,155,000
$59,895,000 2010 Special Obligation Revenue Bonds, due in annual installments of
$1,545,000 to $3,860,000 through July 1, 2034; interest at 3.00% to 4.50% 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. 47,400,000
$24,620,000 2010B Special Obligation 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 sharing,
communications services tax and charges and services generated by governmental activities. 12,190,000
$92,295,000 2011 Special Obligation 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. 64,700,000
$73,805,000 2013 Special Obligation Revenue Bonds, due in annual installments of
$4,860,000 to $8,525,000 through October 1, 2035; interest at 3.50% to 4.00% and
collateralized by a pledge on legally available non‐ad valorem revenues,including but not
limited to the proceeds of the local government half cent sales tax, state revenue sharing,
communications services tax and charges and services generated by governmental activities. 73,805,000
Total Governmental Activities Revenue Bonds 292,440,000$
55
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 6 – LONG‐TERM DEBT – CONTINUED
Governmental Activities Note Payable
$5,293,293 2017 Bayshore Gateway Community Redevelopment Agency TaxableNotewithTDBank,
N.A., due in monthly installments of $35,574 to $52,349 through March 1, 2027; interest at 3.56%
and collateralized by a pledge on all legally available non‐ad valorem revenues of the Bayshore
Gateway Community Redevelopment Agency.5,072,089$
Total Governmental Activities Note Payable 5,072,089$
Total Governmental Activities Obligations 300,002,089$
Unamortized Bond Premium 13,871,404$
Governmental Activities Obligations, Net 313,873,493$
Less Current Portion of Governmental Activities Obligations (21,571,891)$
Long‐Term Portion of Governmental Activities Obligations, Net 292,301,602$
BUSINESS‐TYPE ACTIVITIES
Business‐type Activities Revenue Bonds
$17,769,080 2013 Collier County Water and Sewer Refunding Revenue Bond due in annual
installments of $1,369,430 to $4,312,275, commencing July 1, 2014 through July 1, 2021; interest at
1.47% and collateralized by a lien on and a pledge of net revenues of the Collier County Water and
Sewer District. 5,670,968$
$17,687,000 2015 Collier County Water and Sewer Refunding Revenue Bond due in annual
installments of $2,533,000 to $4,561,000, commencing July 1, 2017 through July 1, 2022; interest at
1.75% and collateralized by a lien on and a pledge of net revenues of the Collier County Water and
Sewer District. 15,154,000
$48,105,000 2016 Collier County Water and Sewer Refunding Revenue Bonds due in annual
installments of $5,035,000 to $7,090,000, commencing July 1, 2029 through July 1, 2036; interest at
5.00% and collateralized by a lien on and a pledge of net revenues of the Collier County Water and
Sewer District. 48,105,000
Total Business‐type Activities Revenue Bonds 68,929,968$
Business‐type Activities Notes Payable
$166,580 County Water and Sewer District agreement with private developer payable through use of
sewer impact fee credits. Non‐interest bearing agreement.65,557$
$89,982,000 2016 County Water and Sewer District Refunding Revenue Note with Florida Community
Bank, N.A., due in monthly installments of $2,881,000 to $9,574,000 through July 1, 2029; interest at
1.80% and collateralized by a subordinated pledge on the net revenues of the Collier County Water
and Sewer District.87,453,000$
Total Business‐type Activities Loans and Notes Payable 87,518,557$
Total Business‐type Activities Obligations 156,448,525$
Unamortized Bond Premium 11,245,770$
Business‐type Activities Obligations, Net 167,694,295$
Less Current Portion of Business‐type Activities Obligations Payable from Unrestricted Assets (10,156,546)$
Less Current Portion of Business‐type Activities Obligations Payable from Restricted Assets (3,451,072)$
Long‐Term Portion of Business‐type Activities Obligations, Net 154,086,677$
56
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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 Totals
Principal Interest Principal Interest Principal Interest
2018 460,000$ 95,475$ 20,655,000$ 10,766,957$ 456,891$ 173,159$ 32,607,482$
2019 475,000 76,181 21,440,000 9,961,048 473,424 156,626 32,582,279
2020 495,000 55,569 22,270,000 9,145,667 490,556 139,494 32,596,286
2021 520,000 34,000 23,085,000 8,307,969 508,308 121,743 32,577,020
2022 540,000 11,475 23,960,000 7,407,156 526,702 103,349 32,548,682
2023‐27 ‐ ‐ 90,940,000 25,547,078 2,616,208 219,022 119,322,308
2028‐32 ‐ ‐ 52,660,000 13,604,257 ‐ ‐ 66,264,257
2033‐37 ‐ ‐ 37,430,000 2,830,850 ‐ ‐ 40,260,850
Totals 2,490,000$ 272,700$ 292,440,000$ 87,570,982$ 5,072,089$ 913,393$ 388,759,164$
Governmental Activities
Limited General
Obligation Bonds Revenue Bonds Notes Payable
Fiscal
Year Totals
Principal Interest Principal Interest
2018 3,968,061$ 2,753,808$ 9,639,557$ 1,574,154$ 17,935,580$
2019 4,031,480 2,688,256 9,303,000 1,401,822 17,424,558
2020 4,099,464 2,621,655 9,027,000 1,234,368 16,982,487
2021 4,164,963 2,553,914 9,189,000 1,071,882 16,979,759
2022 4,561,000 2,485,067 7,891,000 906,480 15,843,547
2023‐27 ‐ 12,026,250 35,130,000 2,408,652 49,564,902
2028‐32 21,715,000 10,464,000 7,339,000 183,960 39,701,960
2033‐37 26,390,000 3,379,500 ‐ ‐ 29,769,500
Totals 68,929,968$ 38,972,450$ 87,518,557$ 8,781,318$ 204,202,293$
Business‐type Activities
Revenue Bonds Notes Payable
CURRENT YEAR DEBT REFUNDING
On November 17, 2016, the Collier County Water and Sewer District issued the Series 2016B Water and Sewer Refunding
Revenue Note in the par amount of $89,982,000. The note was issued on a subordinate basis for the purpose of currently
refunding the District’s outstanding State Revolving Fund Loans. The final maturity of the refunding note is July 1, 2029, with
an interest rate of 1.80%. The refunding achieved a net present value savings of 4.19% on the refunded loans. The current
refunding achieved an aggregate debt service savings of $4,611,821 and an economic gain of $3,918,803. The refunded State
Revolving Fund Loans were redeemed on November 17, 2016.
57
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 6 – LONG‐TERM DEBT – CONTINUED
RESTRICTIVE COVENANTS
According to County resolutions authorizing the issuance of the Series 2010, 2010B, 2011 and 2013 Special Obligation
Refunding Revenue Bonds, 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.
According to County resolutions authorizing the issuance of the Series 2012 and 2014 Gas Tax Revenue Refunding Bonds, the
issues are payable from and secured by liens on gas tax revenues.
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 2017. The Agency was in compliance with these covenants for the
year ended September 30, 2017.
The County Water and Sewer District (District) has pledged future water and sewer customer revenues, net of certain operating
expenses, to repay $68,929,968 in Series 2013, 2015 and 2016 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 2017 pledged revenues, net of operating expenses (excluding depreciation and
amortization), were $42,140,328, and $54,597,393 when system development fees were included. Principal and interest paid
on the bonds during fiscal year 2017 totaled $6,720,696, providing coverage of 627% and 812%, 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, 2017.
The District has a note outstanding in the amount of $87,453,000 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, 2017.
LEGAL DEBT MARGIN
The Constitution of the State of Florida and the Florida Statutes set no legal debt limit.
58
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 6 – LONG‐TERM DEBT – CONTINUED
INTEREST CAPITALIZED
Interest costs on the long‐term debt of business‐type activities, including capitalized leases, incurred and capitalized during the
year ended September 30, 2017 were as follows:
Total Interest
Cost Incurred
Interest Cost
Capitalized
Net Interest
Expense
Business‐type Activities $ 4,498,354 $1,444,414 $3,053,940
Interest expense is shown as a direct expense of the Business‐type Activities.
LEASE OBLIGATIONS
Capitalized leases payable at September 30, 2017 amounted to $1,180,649. These obligations, which are collateralized by
equipment and vehicles, have total annual installments ranging from $29,702 to $446,024 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 $2,914,737 and accumulated depreciation of $2,015,393. Equipment currently leased under
capital leases in the business‐type activities had a historical cost of $2,518,891 and accumulated depreciation of $1,477,418.
Future minimum capital lease obligations as of September 30, 2017 were as follows:
Governmental Business‐type
Activities Activities Total
92,888$ 353,136$ 446,024$
92,889 352,412 445,301
92,887 94,432 187,319
40,233 78,693 118,926
29,702 ‐ 29,702
Total minimum lease payments 348,599 878,673 1,227,272
Less amount representing interest (32,798) (13,825) (46,623)
Present value of minimum
lease payments 315,801$ 864,848$ 1,180,649$
2018
2019
2020
2021
2022
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,
2017 were $1,706,067. Total rental expenditures for all operating leases within business‐type activities and governmental
activities for the year ended September 30, 2017 were $218,430.
59
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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, 2017, the outstanding principal amount payable on all component unit conduit debt was $427,428,772
and is made up of the following:
Industrial development revenue bonds 210,695,000$
Housing finance revenue bonds 24,978,772
Health facilities revenue bonds 103,985,000
Educational facilities revenue bonds 87,770,000
Total 427,428,772$
NOTE 8 – DEFINED BENEFIT 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‐sh aring 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. 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 $47,404,546 for both the FRS Pension Plan and HIS Plan for the year ended September
30, 2017.
60
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 8 – DEFINED BENEFIT 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.
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.
61
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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, 2016 through June 30, 2017 and from July 1, 2017 through
September 30, 2017, respectively, were as follows: Regular employees‐7.52% and 7.92%; County Elected Officials‐42.47% and
45.50%; Senior Management Services‐21.77% and 22.71%; and DROP participants‐12.99% and 13.26%. The County’s
contributions to the FRS Plan were $20,299,090 for the year ended September 30, 2017.
PENSION COSTS
At September 30, 2017, the County reported a liability of $235,664,630 for its proportionate share of the FRS Plan’s net pension
liability. The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net
pension liability was determined by an actuarial valuation as of July 1, 2017. 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, 2016, through June 30, 2017, relative to the total employer contributions received from all of FRS’s participating
employers. At June 30, 2017, the County’s proportion was 0.7967 21%, which was an increase of 0.023782% from its proportion
measured as of June 30, 2016.
62
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
For the year ended September 30, 2017, the County recognized pension expense of $41,364,105 for its proportionate share of
FRS’s pension expense. In addition, the County reported its proportionate share of FRS’s deferred outflows of resources and
deferred inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences Between Expected and Actual Economic Experience 21,6 28,342$ 1,305,460$
Changes in Actuarial Assumptions 79,199,953 ‐
Net Difference Between Projected and Actual Earnings on Pension Plan
Investments ‐ 5,840,358
Changes in Proportion and Differences Between County Contributions and
Proportionate Share of Contributions 10,597,507 1,447,179
County Contributions Subsequent to the Measurement Date 5,480,760 ‐
Total 116,906,562$ 8,592,997$
Deferred outflows of resources related to pensions of $5,480,760, resulting from County contributions to the FRS Plan
subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended September
30, 2018. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized as an
increase in pension expense as follows:
Year Ending
September 30 Amount
2018 14,340,636$
2019 34,613,723
2020 24,891,652
2021 6,270,810
2022 16,604,435
Thereafter 6,111,549
ACTUARIAL ASSUMPTIONS
The total pension liability in the July 1, 2017, 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%, Average, Including Inflation
Investment Rate of Return 7.10%, 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, 2017, valuation were based on the results of an actuarial experience study for the period July 1, 2008, through June 30, 20 13.
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.
63
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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% 3.0% 3.0% 1.8%
Fixed income 18.0% 4.5% 4.4% 4.2%
Global equity 53.0% 7.8% 6.6% 17.0%
Real estate (property) 10.0% 6.6% 5.9% 12.8%
Private equity 6.0% 11.5% 7.8% 30.0%
Strategic investments 12.0% 6.1% 5.6% 9.7%
Totals 100.0%
Assumed Inflation ‐ Mean 2.6% 1.9%
DISCOUNT RATE
The discount rate used to measure the total pension liability was 7.10% 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, each of the pension plan’s fiduciary net position was projected to be available to make all projected
future benefit payments of current active and inactive 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 6.10% 7.10% 8.10%
County's Proportionate Share of the FRS Plan Net
Pension Liability 426,538,747$ 235,664,630$ 77,195,382$
PENSION PLAN FIDUCIARY NET POSITION
Detailed information about the FRS 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.
64
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 8 – DEFINED BENEFIT 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, 2017, 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, 2016 through June 30, 2017 and from July 1, 2017 through September 30, 2017,
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 subje ct 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 $3,593,353 for the year ended September 30, 2017.
PENSION COSTS
At September 30, 2017, the County reported a liability of $71,145,914 for its proportionate share of the HIS Plan’s net pension
liability. The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net
pension liability was determined by an actuarial valuation as of July 1, 2017. 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,
2016, through June 30, 2017, relative to the total employer contributions received from all participating employers. At June 30,
2017, the County’s proportion was 0.665384%, which was an increase of 0.019764% from its proportion measured as of June
30, 2016.
For the year ended September 30, 2017, the County recognized pension expense of $6,040,441 for its proportionate share of
HIS’s pension expense. In addition, the County reported its proportionate share of HIS’s deferred outflows of resources and
deferred inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows of
Resources
Differences Between Expected and Actual Economic Experience ‐$ 148,138$
Changes in Actuarial Assumptions 10,000,668 6,152,063
Net Difference Between Projected and Actual Earnings on HIS Program Investments 39,456 ‐
Changes in Proportion and Differences Between County Contributions and
Proportionate Share of Contributions 4,156,126 993,388
County Contributions Subsequent to the Measurement Date 921,118 ‐
Total 15,117,368$ 7,293,589$
65
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 8 – DEFINED BENEFIT PENSION PLANS – CONTINUED
Deferred outflows of resources related to pensions of $921,118, resulting from County contributions to the HIS Plan subsequent
to the measurement date, will be recognized as a reduction of the net pension liability in the year ended September 30, 2018.
Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized as an increase in
pension expense as follows:
Year Ending
September 30 Amount
2018 1,794,875$
2019 1,787,408
2020 1,783,825
2021 1,451,616
2022 700,173
Thereafter (615,236)
ACTUARIAL ASSUMPTIONS
The total pension liability in the July 1, 2017, 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%, Average, Including Inflation
Municipal Bond Rate 3.58%
Mortality rates were based on the Generational RP‐2000 with Projection Scale BB. The actuarial assumptions used in the July
1, 2017, valuation were based on the results of an actuarial experience study for the period July 1, 2008, through June 30, 20 13.
DISCOUNT RATE
The discount rate used to measure the total pension liability was 3.58% 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 2.58% 3.58% 4.58%
County's Proportionate Share of the HIS Plan Net
Pension Liability 81,186,908$ 71,145,914$ 62,782,318$
66
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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.
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 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 .06% of payroll from July 1, 2016 to June 30, 2017 and .06% of payroll from July 1,
2017 to June 30, 2018 in addition to forfeited benefits of plan members. The County’s Investment Plan pension expense totaled
$6,273,361 for the year ended September 30, 2017.
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, 2017, 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.
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.
67
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 10 – TRANSFERS – CONTINUED
Transfers for the year ended September 30, 2017 were as follows:
Transfers from Fund Transfers to Fund Amount
Governmental Activities:
General Fund Nonmajor Governmental Funds 58,595,399$
Solid Waste Disposal 36,829
Emergency Medical Services 17,041,600
Nonmajor Business‐type 4,568,439
Internal Service Funds 655,000
Bayshore Gateway CRA Nonmajor Governmental Funds 85,500
Nonmajor Governmental Funds General Fund 3,189,354
Bayshore Gateway CRA 136,800
Immokalee CRA 85,000
Nonmajor Governmental Funds 46,853,890
County Water and Sewer 13,600
Nonmajor Business‐type 447,553
Internal Service Funds 2,125,500
Business‐type Activities:
County Water and Sewer General Fund 6,313,900
Nonmajor Governmental Funds 218,500
Solid Waste Disposal 139,600
Internal Service Funds 20,500
Solid Waste Disposal General Fund 736,359
Internal Service Funds 2,700
Emergency Medical Services Nonmajor Governmental Funds 3,000
Internal Service Funds 6,900
Nonmajor Business‐type General Fund 259
Nonmajor Governmental Funds 13,408
Internal Service Funds General Fund 1,076,600
Nonmajor Governmental Funds 525,000
Internal Service Funds 34,000
Total Operating Transfers 142,925,190$
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 in 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.
68
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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, th e 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.
69
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 11 – NET POSITION/FUND BALANCE CLASSIFICATION – CONTINUED
A detailed schedule of fund balances at September 30, 2017 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 1,357,822 ‐ ‐ 802,254 2,160,076
Advances 416,000 ‐ ‐ ‐ 416,000
Notes 1,576,731 ‐ ‐ ‐ 1,576,731
Prepaid costs 35,763 ‐ ‐ ‐ 35,763
Total nonspendable fund balance 3,386,316 ‐ ‐ 2,385,054 5,771,370
Restricted for:
Community redevelopment ‐ 11,119,594 293,791 ‐ 11,413,385
Federal and state grants 2,439,787 ‐ ‐ 11,358,831 13,798,618
Bond covenants or debt service ‐ ‐ ‐ 9,476,756 9,476,756
Transportation growth related capital ‐ ‐ ‐ 53,802,452 53,802,452
Parks growth related capital expansion ‐ ‐ ‐ 25,706,444 25,706,444
Transportation capital projects ‐ ‐ ‐ 43,036,330 43,036,330
Community development ‐ ‐ ‐ 41,018,502 41,018,502
Transportation operations ‐ ‐ ‐ 2,601,289 2,601,289
Tourist development ‐ ‐ ‐ 70,307,889 70,307,889
Conservation Collier ‐ ‐ ‐ 32,975,606 32,975,606
Emergency 911 ‐ ‐ ‐ 3,240,276 3,240,276
Law Enforcement ‐ ‐ ‐ 7,524,387 7,524,387
Fire services growth related capital ‐ ‐ ‐ 78,696 78,696
Government facilities growth capital ‐ ‐ ‐ 2,392,790 2,392,790
Libraries growth related capital ‐ ‐ ‐ 977,049 977,049
Court functions ‐ ‐ ‐ 6,856,656 6,856,656
Public records modernization ‐ ‐ ‐ 4,275,405 4,275,405
Other purposes ‐ 1,404,288 1,404,288
Total restricted fund balance 2,439,787 11,119,594 293,791 317,033,646 330,886,818
Committed for:
Special districts ‐ ‐ ‐ 28,483,966 28,483,966
Natural resource management ‐ ‐ ‐ 2,383,328 2,383,328
Utility regulation ‐ ‐ ‐ 1,482,591 1,482,591
Other purposes ‐ ‐ ‐ 408,936 408,936
Total committed fund balance ‐ ‐ ‐ 32,758,821 32,758,821
Assigned for:
Parks and recreation ‐ ‐ ‐ 7,868,666 7,868,666
General building & improvements ‐ ‐ ‐ 10,394,628 10,394,628
Water management ‐ ‐ ‐ 13,146,769 13,146,769
Libraries ‐ ‐ ‐ 300,785 300,785
Other purposes 1,598,245 ‐ ‐ 2,111,129 3,709,374
Total assigned fund balance 1,598,245 ‐ ‐ 33,821,977 35,420,222
Unassigned:54,805,103 ‐ ‐ ‐ 54,805,103
Total Fund Balances 62,229,451$ 11,119,594$ 293,791$ 385,999,498$ 459,642,334$
70
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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 omis sions;
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 $300,000 ‐ $5,000,000
Employee health claims $400,000 $450,000 ‐ Unlimited
Workers' compensation claims $500,000 $500,000 ‐ 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, 2017 the operating departments were charged $40,962,965
for workers' compensation, health and property and casualty self‐insurance programs.
The claims loss reserve for workers' compensation, health and property and casualty of $5,824,759 reported at September 30,
2017 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 $3,510,602 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.
71
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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 $2,660,000 reported at September 30, 2017 was calculated by third party actuaries based
upon GASB Statement No. 30, Risk Financing Omnibus, which requires that a liability for claims be reported when it is probable
that a loss has been incurred and the amount of that loss can be reasonably estimated. The entire Sheriff’s health claim loss
reserve is recorded as a current liability.
CHANGES IN SELF‐INSURANCE CLAIMS PAYABLE
Changes in the self‐insurance claims payable for fiscal years 2016 and 2017 were as follows for the County and Sheriff self‐
insurance programs:
Property and Group Workers'
Casualty Health Compensation Total
Balance at September 30, 2015 854,026$ 5,564,000$ 541,408$ 6,959,434$
Current year claims incurred and
changes in estimates 1,494,744 48,722,181 567,829 50,784,754
Claim payments (1,154,593) (48,175,181) (512,244) (49,842,018)
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$
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS
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 19 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 4 retirees.
72
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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, 2017, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefits70
Active employees 2,236
Total employees 2,306
TOTAL OPEB LIABILITY
The County’s total OPEB liability of $8,833,096 was measured as of September 30, 2017 and was determined by an actuarial
valuation as of October 1, 2017. The following table shows the changes in the County’s total OPEB liability for the year ended
September 30, 2017.
Total OPEB
Liability
Balance, as of October 1, 2016 8,717,856$
Changes:
Service cost 464,531
Interest on total pension liability 248,849
Differences between expected and actual experience (8,258)
Benefit payments (589,882)
Net changes 115,240
Balance, as of September 30, 2017 8,833,096$
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 1.80% 2.80% 3.80%
Total OPEB Liability 9,347,700$ 8,833,096$ 8,244,203$
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
OPEB Plan Discount Rate 4.00%5.00%6.00%
Total OPEB Liability 8,097,749$ 8,833,096$ 9,681,447$
73
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED TO OPEB
For the year ended September 30, 2017, the County’s OPEB expense was $713,379. In addition, the County reported deferred
inflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows of
Resources
Differences Between Expected and Actual Economic Experience ‐$ 8,258$
Amounts reported as deferred inflows of resources related to OPEB will be amortized over 4.29 years and will be recognized
as follows:
Year Ending
September 30 Amount
2018 1,925$
2019 1,925
2020 1,925
2021 1,925
Thereafter 558
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 emplo yer
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 2.8% (Based on the 20 year AA municipal bond rate)
Healthcare cost trend rate 6% decreasing to 5% in 2026 and thereafter
Salary increase 3%
New employees None
Mortality rates were based on the RP‐2014 Mortality Fully Generational tables using Projection Scale MP‐2016.
74
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – CONTINUED
Since the most recent GASB 45 valuation, the following changes have been made:
The actuarial cost method changed from using the Unit Credit Actuarial cost method to the Entry Age Actuarial cost
method.
The discount rate was changed from 3% to 2.8%.
The mortality assumption has been updated from RP‐2014 Mortality Fully Generational using Projection Scale MP‐
2014 to RP 2014 Mortality Fully Generational using Projection Scale MP‐2016
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. No trust or agency fund has been established for the plan. The
plan does not issue a separate financial report.
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, 2017, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefits 106
Active employees 1,136
Total employees 1,242
TOTAL OPEB LIABILITY
The Sheriff’s total OPEB liability of $18,260,466 was measured as of September 30, 2017 and was determined by an actuarial
valuation as of October 1, 2017. The following table shows the changes in the Sheriff’s total OPEB liability for the year ended
September 30, 2017.
Total OPEB
Liability
Balance, as of October 1, 2016 18,221,385$
Changes:
Service cost 491,420
Interest on total pension liability 502,621
Differences between expected and actual experience (83,607)
Benefit payments (871,353)
Net changes 39,081
Balance, as of September 30, 2017 18,260,466$
75
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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 4.00%5.00%6.00%
Total OPEB Liability 20,078,360$ 18,260,466$ 16,659,610$
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
OPEB Plan Discount Rate 6.00%7.00%8.00%
Total OPEB Liability 16,554,047$ 18,260,466$ 20,226,456$
DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED TO OPEB
For the year ended September 30, 2017, the Sheriff’s OPEB expense was $910,434. In addition, the Sheriff reported deferred
outflows of resources from the following sources:
Description
Deferred Outflows
of Resources
Deferred Inflows of
Resources
Differences Between Expected and Actual Economic Experience 83,607$ ‐$
Amounts reported as deferred outflows of resources related to OPEB will be amortized over 7.36 years and will be recognized
as follows:
Year Ending
September 30 Amount
2018 11,360$
2019 11,360
2020 11,360
2021 11,360
Thereafter 38,167
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.
76
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 13 – OTHER POSTEMPLOYMENT BENEFITS – 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 emplo yer
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 2.75% (Based on the 20 year AA municipal bond rate)
Healthcare cost trend rate 7% decreasing to 5% in 2021 and thereafter
Salary increase None
New employees None
Mortality rates were based on the RP‐2015 Mortality Fully Generational tables using Projection Scale MP‐2016.
Since the most recent GASB 45 valuation, the following changes have been made:
The actuarial cost method changed from using the Unit Credit Actuarial cost method to the Entry Age Actuarial cost
method.
The discount rate was changed from 3% to 2.75%.
The mortality assumption has been updated from RP‐2014 Mortality Fully Generational using Projection Scale MP‐
2015 to RP 2015 Mortality Fully Generational using Projection Scale MP‐2016
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.
77
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
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, 2017.
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 w ere ordered for portions of Collier County. The primary impacts
of Hurricane Irma were widespread power outages and debris, coastal flooding and beach erosion. The financial impact of
Hurricane Irma to the County is estimated at $174.2 million, with substantial reimbursement from the Federal Emergency
Management Agency and insurances expected.
NOTE 16 – SIGNIFICANT COMMITMENTS
Collier County has active construction projects as of September 30, 2017. The projects include road construction, governmental
facilities and utilities improvements. At year end, the County’s commitments with contractors include the following:
Construction
Category Commitments
Governmental Activities:
Other Governmental Funds General Government 138,890$
Physical Environment 7,218,445
Transportation 21,067,651
Culture and Recreation 11,783,271
Business‐type Activities:
Water and Sewer Utilities 33,697,897
Solid Waste Disposal Landfill 5,782,106
Other Enterprise Funds Mass Transit 142,097
Total 79,830,357$
78
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 16 – SIGNIFICANT COMMITMENTS – CONTINUED
Encumbrances represent commitments for future expenditures, based on purchase orders or contracts issued, where the goods
or services have been order but not received. Encumbrance commitments do not include construction contracts, as they are
included as contract commitments.
Collier County had the following encumbrances as of September 30, 2017:
Encumbrance
Category Commitments
Governmental Activities:
General Fund General Government 581,523$
Public Safety 88,624
Economic Environment 10,160
Human Services 680,403
Culture and Recreation 233,281
Bayshore Gateway Community Redevelopment Agency Economic Environment 71,867
Other Governmental Funds General Government 3,135,254
Public Safety 4,329,592
Physical Environment 2,505,184
Transportation 7,542,645
Economic Environment 3,379,997
Human Services 1,964,450
Culture and Recreation 2,541,107
Business‐type Activities:
Water and Sewer Utilities 17,754,487
Solid Waste Disposal Landfill 737,045
Emergency Medical Services Emergency Medical Services 1,413,648
Other Enterprise Funds Airports 103,702
Mass Transit 2,908,102
Internal Service Funds General Government 117,133
Total 50,098,204$
NOTE 17 – SUBSEQUENT EVENTS
GOLDEN GATE UTILITY SYSTEM ACQUISITION
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 Government 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.
79
COLLIER COUNTY, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2017
NOTE 17 – SUBSEQUENT EVENTS – CONTINUED
SERIES 2010 SPECIAL OBLIGATION BONDS REFINANCING
On December 28, 2017 Collier County issued the Series 2017 Special Obligation Refunding Revenue Note 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. 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.
NOTE 18 – GOVERNMENT COMBINATION AND CHANGE IN ACCOUNTING PRINCIPLE
GOVERNMENT COMBINATION
During fiscal year 2017, the Orange Tree Utility System was integrated into the Collier County Water and Sewer District
(District). This government combination met the criteria for consideration as a continuing government merger as the
combination involved legally separate entities, with no significant consideration being exchanged, and only one of the entities
continuing in operation. The merger involved the conveyance of water and wastewater utility facilities and was formally
adopted on January 24, 2017 by the Collier County Board of County Commissioners, acting as the ex‐officio governing board of
the Collier County Water and Sewer District. The District recorded the combined water and wastewater assets at carrying value
as of the beginning of the reporting period as required by GASB Statement No. 69, Government Combinations and Disposals of
Government Operations. Depreciable capital assets with a historical cost of $10,057,625 and accumulated depreciation of
$4,614,654 were recorded, as well as non‐depreciable assets of $57,002 and miscellaneous supplies inventory at $2,477.
CHANGE IN ACCOUNTING PRINCIPLE
During the year ended September 30, 2017, the County adopted GASB Statement No. 75 Accounting and Financial Reporting
for Postemployment Benefits Other Than Pensions.
These changes require the restatement of the September 30, 2016 net position of the governmental activities, business‐type
activities and proprietary funds as follows:
Governmental
Activities
Business‐Type
Activities
County Water
and Sewer
Solid Waste
Disposal
Emergency
Medical
Services Other Funds
Governmental
Activities ‐
Internal Service
Funds
Net Position, September
30, 2016, as Previously
Reported 1,555,966,436$ 928,046,945$ 808,303,612$ 53,782,774$ 3,624,442$ 61,097,667$ 55,069,396$
Restatement of net
position due to merger ‐ 5,502,450 5,502,450 ‐ ‐ ‐ ‐
Cumulative Affect of
Application of GASB 75 (20,682,019) (2,382,130) (1,461,672) (118,514) (730,836) (71,108) 3,531,402
Net Position, September
30, 2016, as Restated 1,535,284,417$ 931,167,265$ 812,344,390$ 53,664,260$ 2,893,606$ 61,026,559$ 58,600,798$
Business‐type Activities Enterprise Funds
80
REQUIRED SUPPLEMENTARY
INFORMATION
2017 2016 2015 2014
County's Proportion of the Net Pension Liability 0.796720676% 0.772938545% 0.736106708% 0.703655077%
County's Proportionate Share of the Net Pension Liability 235,664,630$ 195,167,590$ 95,078,054$ 42,933,306$
County's Covered Payroll *151,610,739$ 144,013,741$ 140,176,971$ 132,386,835$
County's Proportionate Share of the Net Pension Liability (Asset) as a Percentage of
Its Covered Payroll 155.44% 135.52%67.83%32.43%
Plan Fiduciary Net Position as a Percentage of the total Pension Liability 83.89%84.88%92.00%96.09%
* Covered payroll is pensionable wages as of the measurement date.
2017 2016 2015 2014
Contractually Required Contribution 20,299,090$ 20,563,824$ 17,830,147$ 17,287,796$
Contributions in Relation to the Contractually Required Contribution (20,299,090) (20,563,824) (17,830,147) (17,287,796)
Contribution Deficiency (Excess)‐$ ‐$ ‐$ ‐$
County's Covered Payroll FY 154,614,672$ 148,556,236$ 139,443,152$ 133,436,828$
Contributions as a Percentage of Covered Payroll 13.13%13.84%12.79%12.96%
2017 2016 2015 2014
County's Proportion of the Net Pension Liability 0.665383863% 0.645620406% 0.642983194% 0.621385755%
County's Proportionate Share of the Net Pension Liability 71,145,914$ 75,244,385$ 65,574,171$ 58,101,084$
County's Covered Payroll *212,195,163$ 199,870,915$ 195,154,275$ 184,577,284$
County's Proportionate Share of the Net Pension Liability (Asset) as a Percentage of
Its Covered Payroll 33.53%37.65%33.60%31.48%
Plan Fiduciary Net Position as a Percentage of the total Pension Liability 1.64%0.97%0.50%0.99%
* Covered payroll is pensionable wages as of the measurement date.
2017 2016 2015 2014
Contractually Required Contribution 3,593,353$ 3,415,537$ 2,614,704$ 2,131,155$
Contributions in Relation to the Contractually Required Contribution (3,593,353) (3,415,537) (2,614,704) (2,131,155)
Contribution Deficiency (Excess)‐$ ‐$ ‐$ ‐$
County's Covered Payroll FY 216,521,253$ 206,179,415$ 193,543,352$ 185,505,694$
Contributions as a Percentage of Covered Payroll 1.66%1.66%1.35%1.15%
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
82
2017
Board of County Commissioners and Constitutional Officers
Total OPEB liability
Service Cost 464,531$
Interest 248,849
Changes of benefit terms ‐
Differences between expected and actual experience (8,258)
Changes of assumptions or other inputs ‐
Benefit payments (589,882)
Net change in total OPEB liability 115,240
Total OPEB liability, beginning 8,717,856
Total OPEB liability, ending 8,833,096$
Covered employee payroll 121,574,778
Total OPEB liability as a percentage of covered employee payroll 7.27%
Sheriff
Total OPEB liability
Service Cost 491,420$
Interest 502,621
Changes of benefit terms ‐
Differences between expected and actual experience (83,607)
Changes of assumptions or other inputs ‐
Benefit payments (871,353)
Net change in total OPEB liability 39,081
Total OPEB liability, beginning 18,221,385
Total OPEB liability, ending 18,260,466$
Covered employee payroll 91,192,818
Total OPEB liability as a percentage of covered employee payroll 20.02%
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
83
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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.
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
RADIO ROAD EAST LIMITED GENERAL OBLIGATION BONDS – To account for the accumulation of resources, surety
reserve and payment of interest and principal on the Radio Road East limited general obligation bonds.
CONSERVATION COLLIER LIMITED GENERAL OBLIGATION BONDS – To account for the accumulation of resources
and payment of interest and principal on long‐term debt incurred for the acquisition of environmentally sensitive
lands.
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.
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 2,502,060$ 13,261,853$ 43,880,037$ 2,553,318$ 6,389,364$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 10,764 35,810 92,360 6,799 9,352
Trade, net 12,134 492,366 10,204 16 31,052
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds 927,767 322,654 ‐ 45,798 402,897
Due from other governments ‐ 381,715 154,402 6,723 5,792,329
Deposits ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory 717,824 52,266 ‐ 32,164 ‐
Advances to other funds ‐ 337,701 ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 4,170,549$ 14,884,365$ 44,137,003$ 2,644,818$ 12,624,994$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 343,229$ 287,908$ 382,495$ 110,991$ 2,108,463$
Wages payable 508,070 499,208 650,743 118,335 70,159
Due to other funds ‐ 3,454 ‐ ‐ 2,844,090
Due to other governments 137 501,585 2,023,478 ‐ 90,259
Unearned revenues ‐ 365,713 ‐ ‐ ‐
Refundable deposits ‐ ‐ 61,785 ‐ ‐
Retainage payable ‐ ‐ ‐ ‐ 1,335,820
Advances from other funds ‐ ‐ ‐ ‐ ‐
Total liabilities 851,436 1,657,868 3,118,501 229,326 6,448,791
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ ‐ 42,341
Fund balances:
Nonspendable 717,824 52,266 ‐ 32,164 ‐
Restricted 2,601,289 ‐ 41,018,502 ‐ 6,133,862
Committed ‐ 13,174,231 ‐ 2,383,328 ‐
Assigned ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 3,319,113 13,226,497 41,018,502 2,415,492 6,133,862
Total liabilities, deferred inflows of
resources and fund balances 4,170,549$ 14,884,365$ 44,137,003$ 2,644,818$ 12,624,994$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017
Special Revenue Funds
90
State
Fire 911 Housing
Improvement Control Lighting Enhancement Tourist Initiative 800 MHz State Court
Districts Districts Districts Fee Development Partnership ICRP Fund Administration
13,700,562$ 804,361$ 1,433,233$ 2,874,909$ 62,256,662$ 4,741,010$ 13,458$ 172,353$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
29,421 3,146 3,447 6,463 129,885 9,594 326 913
68 30 13 ‐ 795,973 ‐ 58,518 54,896
‐ ‐ ‐ ‐ ‐ 485,524 ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
29,366 24,740 9,814 ‐ 144,227 ‐ ‐ ‐
‐ ‐ ‐ ‐ 9,553,729 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
13,759,417$ 832,277$ 1,446,507$ 2,881,372$ 72,880,476$ 5,236,128$ 72,302$ 228,162$
76,850$ ‐$ 49,596$ 55,204$ 814,451$ 2,533$ 10,972$ 4,162$
17,614 ‐ 5,139 ‐ 99,950 8,626 ‐ 65,505
3,981 ‐ ‐ 64,664 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 1,558,013 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 1,150 ‐ ‐ ‐
30,486 ‐ ‐ ‐ 99,023 ‐ ‐ ‐
128,800 416,000 ‐ ‐ ‐ ‐ ‐ ‐
257,731 416,000 54,735 119,868 2,572,587 11,159 10,972 69,667
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 2,761,504 70,307,889 5,224,969 ‐ ‐
13,501,686 416,277 1,391,772 ‐ ‐ ‐ 61,330 158,495
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
13,501,686 416,277 1,391,772 2,761,504 70,307,889 5,224,969 61,330 158,495
13,759,417$ 832,277$ 1,446,507$ 2,881,372$ 72,880,476$ 5,236,128$ 72,302$ 228,162$
Special Revenue Funds
91
GAC Land Court
Confiscated Sales, Roads Utility Conservation Information
Property and Canals Fee Collier Technology
ASSETS
Cash and investments 188,979$ 865,729$ 1,447,875$ 32,788,605$ 1,015,389$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 426 1,813 2,801 68,791 2,573
Trade, net ‐ ‐ 50,395 ‐ 38,142
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds ‐ ‐ ‐ ‐ ‐
Due from other governments ‐ ‐ ‐ ‐ ‐
Deposits ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ 229,733 ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 189,405$ 1,097,275$ 1,501,071$ 32,857,396$ 1,056,104$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable ‐$ ‐$ 9,534$ 15,054$ 26,309$
Wages payable ‐ ‐ 8,946 9,080 2,545
Due to other funds 11,352 ‐ ‐ ‐ ‐
Due to other governments ‐ ‐ ‐ ‐ ‐
Unearned revenues ‐ ‐ ‐ ‐ ‐
Refundable deposits ‐ ‐ ‐ ‐ ‐
Retainage payable ‐ ‐ ‐ ‐ ‐
Advances from other funds ‐ ‐ ‐ ‐ ‐
Total liabilities 11,352 ‐ 18,480 24,134 28,854
Deferred inflows of resources:
Unavailable revenue ‐ ‐ ‐ ‐ ‐
Fund balances:
Nonspendable ‐ ‐ ‐ ‐ ‐
Restricted 178,053 1,097,275 ‐ 32,833,262 1,027,250
Committed ‐ ‐ 1,482,591 ‐ ‐
Assigned ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 178,053 1,097,275 1,482,591 32,833,262 1,027,250
Total liabilities, deferred inflows of
resources and fund balances 189,405$ 1,097,275$ 1,501,071$ 32,857,396$ 1,056,104$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017
Special Revenue Funds
92
Other Other Other Total
Court Ava Maria Court Special Public Safety Special Special
Court University Facilities Affordable Innovation Revenue Revenue Revenue Revenue
Services Extension Fee Housing Zone Funds Funds Funds Funds
967,852$ 123,820$ 6,064,855$ 157,399$ 31,318$ 4,328,248$ 4,218,467$ 1,020,672$ 207,802,388$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ 258 12,889 329 65 7,575 3,715 2,387 441,902
‐ ‐ 48,954 ‐ ‐ ‐ 24,539 15,644 1,632,944
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 485,524
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ 25,061 ‐ 1,932,324
190,301 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 16,079,199
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 229,733
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 802,254
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 337,701
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
1,158,153$ 124,078$ 6,126,698$ 157,728$ 31,383$ 4,335,823$ 4,271,782$ 1,038,703$ 229,743,969$
252,233$ ‐$ 220,976$ ‐$ ‐$ 60,418$ 24,150$ 71,696$ 4,927,224$
‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,684 2,066,604
‐ ‐ ‐ ‐ ‐ ‐ 87,129 ‐ 3,014,670
889,500 ‐ ‐ ‐ ‐ ‐ ‐ 190 5,063,162
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 365,713
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 62,935
‐ ‐ 92,736 ‐ ‐ ‐ ‐ ‐ 1,558,065
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 544,800
1,141,733 ‐ 313,712 ‐ ‐ 60,418 111,279 74,570 17,603,173
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 42,341
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 802,254
16,420 124,078 5,812,986 ‐ ‐ 4,275,405 4,160,503 123,307 177,696,554
‐ ‐ ‐ 157,728 31,383 ‐ ‐ ‐ 32,758,821
‐ ‐ ‐ ‐ ‐ ‐ ‐ 840,826 840,826
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
16,420 124,078 5,812,986 157,728 31,383 4,275,405 4,160,503 964,133 212,098,455
1,158,153$ 124,078$ 6,126,698$ 157,728$ 31,383$ 4,335,823$ 4,271,782$ 1,038,703$ 229,743,969$
Special Revenue Funds
93
Permanent Fund
Resource Radio Road East Gas Tax Community Forest Lakes
Recovery Park Limited General Revenue Redevelopment Limited General
Endowment Obligation Bonds Bonds Taxable Note Oblibation Bonds
ASSETS
Cash and investments 1,721,563$ 171$ 793,884$ 39,218$ 736,822$
Cash with fiscal agent ‐ ‐ ‐ 315,219 ‐
Receivables:
Interest 3,581 ‐ 1,243 271 1,553
Trade, net ‐ ‐ ‐ ‐ ‐
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ ‐ ‐ ‐ ‐
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds ‐ ‐ ‐ ‐ 3,950
Due from other governments ‐ ‐ 173,703 ‐ ‐
Deposits ‐ ‐ ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 1,725,144$ 171$ 968,830$ 354,708$ 742,325$
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 142,344 171 968,830 354,708 742,325
Committed ‐ ‐ ‐ ‐ ‐
Assigned ‐ ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 1,725,144 171 968,830 354,708 742,325
Total liabilities, deferred inflows of
resources and fund balances 1,725,144$ 171$ 968,830$ 354,708$ 742,325$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017
Debt Service Fund
94
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
73,608$ 25,567$ 1,669,270$ 12,835,727$ 4,978,410$ 979,258$ 167,475$ 473,583$
11,276,866 ‐ 11,592,085 ‐ ‐ ‐ ‐ ‐
6,002 25 9,094 29,402 10,092 2,025 3,486 947
‐ ‐ ‐ ‐ 5,510 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ 212,192 81,940 59,834
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ 3,950 ‐ 360,192 ‐ 1,428,000 ‐
‐ ‐ 173,703 12,203 ‐ 9,696 19,593 4,242
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
11,356,476$ 25,592$ 13,448,102$ 12,877,332$ 5,354,204$ 1,203,171$ 1,700,494$ 538,606$
‐$ ‐$ ‐$ 1,552,674$ 360,413$ 13,930$ 55,511$ ‐$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
8,350,000 ‐ 8,350,000 33,247 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 896,783 138,079 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
8,350,000 ‐ 8,350,000 2,482,704 498,492 13,930 55,511 ‐
‐ ‐ ‐ ‐ ‐ 212,192 81,940 59,834
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
3,006,476 25,592 5,098,102 ‐ ‐ 977,049 1,563,043 478,772
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 10,394,628 4,855,712 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
3,006,476 25,592 5,098,102 10,394,628 4,855,712 977,049 1,563,043 478,772
11,356,476$ 25,592$ 13,448,102$ 12,877,332$ 5,354,204$ 1,203,171$ 1,700,494$ 538,606$
Debt Service Fund Capital Project Funds
95
Parks Road Government
Water Impact Impact Road Facilities
Management Districts Districts Construction Impact Fees
ASSETS
Cash and investments 13,241,837$ 23,706,859$ 55,511,408$ 47,750,777$ 660,556$
Cash with fiscal agent ‐ ‐ ‐ ‐ ‐
Receivables:
Interest 30,064 56,474 116,315 104,540 6,888
Trade, net ‐ ‐ ‐ 72,457 ‐
Notes ‐ ‐ ‐ ‐ ‐
Impact Fee ‐ 1,328,773 3,423,647 ‐ 221,671
Special assessments ‐ ‐ ‐ ‐ ‐
Due from other funds 252,824 2,637,000 1,129,030 1,134,717 2,527,000
Due from other governments 45,648 73,798 533,579 1,550,485 31,146
Deposits ‐ 1,250 ‐ ‐ ‐
Inventory for resale ‐ ‐ ‐ ‐ ‐
Inventory ‐ ‐ ‐ ‐ ‐
Advances to other funds ‐ ‐ ‐ ‐ ‐
Prepaid costs ‐ ‐ ‐ ‐ ‐
Total assets 13,570,373$ 27,804,154$ 60,713,979$ 50,612,976$ 3,447,261$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable 327,667$ 502,995$ 1,945,148$ 2,469,600$ ‐$
Wages payable 4,609 ‐ ‐ 4,041 ‐
Due to other funds 22,746 ‐ 217,036 13,282 ‐
Due to other governments ‐ ‐ ‐ ‐ ‐
Unearned revenues ‐ ‐ ‐ ‐ ‐
Refundable deposits ‐ ‐ ‐ ‐ ‐
Retainage payable 121,927 265,942 1,325,696 711,069 ‐
Advances from other funds ‐ ‐ ‐ ‐ 832,800
Total liabilities 476,949 768,937 3,487,880 3,197,992 832,800
Deferred inflows of resources:
Unavailable revenue ‐ 1,328,773 3,423,647 ‐ 221,671
Fund balances:
Nonspendable ‐ ‐ ‐ ‐ ‐
Restricted ‐ 25,706,444 53,802,452 47,414,984 2,392,790
Committed ‐ ‐ ‐ ‐ ‐
Assigned 13,093,424 ‐ ‐ ‐ ‐
Unassigned ‐ ‐ ‐ ‐ ‐
Total fund balances 13,093,424 25,706,444 53,802,452 47,414,984 2,392,790
Total liabilities, deferred inflows of
resources and fund balances 13,570,373$ 27,804,154$ 60,713,979$ 50,612,976$ 3,447,261$
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017
Capital Project Funds
96
Total Total
Law All Terrain Other Capital Nonmajor
Enforcement Vehicle Capital Project Governmental
Impact Fees Park Projects Funds Funds
1,130,060$ 3,008,777$ 1,794,739$ 166,239,466$ 377,432,687$
‐ ‐ ‐ ‐ 11,592,085
3,356 6,277 3,871 373,737 828,314
‐ ‐ ‐ 77,967 1,710,911
‐ ‐ ‐ ‐ 485,524
87,852 ‐ ‐ 5,415,909 5,415,909
‐ ‐ 1,405 1,405 1,405
549,000 ‐ 838 10,018,601 11,954,875
‐ ‐ ‐ 2,280,390 18,533,292
‐ ‐ ‐ 1,250 1,250
‐ ‐ ‐ ‐ 229,733
‐ ‐ ‐ ‐ 802,254
‐ ‐ ‐ ‐ 337,701
‐ ‐ ‐ ‐ ‐
1,770,268$ 3,015,054$ 1,800,853$ 184,408,725$ 429,325,940$
‐$ 2,100$ 66,612$ 7,296,650$ 12,223,874$
‐ ‐ 31,112 39,762 2,106,366
‐ ‐ ‐ 286,311 11,650,981
‐ ‐ ‐ ‐ 5,063,162
‐ ‐ ‐ ‐ 365,713
‐ ‐ ‐ ‐ 62,935
‐ ‐ ‐ 3,459,496 5,017,561
‐ ‐ ‐ 832,800 1,377,600
‐ 2,100 97,724 11,915,019 37,868,192
87,852 ‐ ‐ 5,415,909 5,458,250
‐ ‐ ‐ ‐ 2,385,054
1,682,416 ‐ 78,696 134,096,646 317,033,646
‐ ‐ ‐ ‐ 32,758,821
‐ 3,012,954 1,624,433 32,981,151 33,821,977
‐ ‐ ‐ ‐ ‐
1,682,416 3,012,954 1,703,129 167,077,797 385,999,498
1,770,268$ 3,015,054$ 1,800,853$ 184,408,725$ 429,325,940$
Capital Project Funds
97
Water
Management Grants and
Road Unincorporated Community and Pollution Shared
Districts Area MSTD Development Control Revenue
Revenues:
Taxes ‐$ 42,247,153$ ‐$ 2,179,243$ ‐$
Licenses, permits and impact fees ‐ 27,662 23,186,803 285 ‐
Intergovernmental 1,890,023 1,510 ‐ ‐ 16,455,376
Charges for services 379,638 2,963,796 3,493,830 337,883 ‐
Fines and forfeitures ‐ 252,059 ‐ ‐ ‐
Interest income 24,803 127,422 251,415 23,892 27,704
Special assessments ‐ ‐ ‐ 3,805,592 ‐
Miscellaneous 37,780 246,666 50,878 ‐ 385,604
Total revenues 2,332,244 45,866,268 26,982,926 6,346,895 16,868,684
Expenditures:
Current:
General government ‐ 6,220,818 7,326,464 ‐ 559,529
Public safety ‐ 4,029,532 15,932,092 ‐ 1,975,079
Physical environment ‐ 598,070 1,485,864 3,082,816 77,911
Transportation 21,164,244 7,117,280 333,022 2,351,843 5,038
Economic environment ‐ 51,051 ‐ ‐ 3,504,360
Human services ‐ ‐ ‐ ‐ 3,420,923
Culture and recreation ‐ 12,146,867 ‐ ‐ 103,121
Debt service
Principal ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐
Redemption of debt ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐
Capital outlay 483,152 868,354 396,369 232,721 13,480,333
Total expenditures 21,647,396 31,031,972 25,473,811 5,667,380 23,126,294
Excess (deficit) of revenues
over (under) expenditures (19,315,152) 14,834,296 1,509,115 679,515 (6,257,610)
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ 6,800 25 7,470 5,600
Insurance proceeds 51,738 22,638 244 22,943 ‐
Transfers in 21,160,190 1,469,792 877,800 45,798 8,070,703
Transfers out (2,550,272) (11,747,791) (920,469) (267,968) (509)
Total other financing sources (uses) 18,661,656 (10,248,561) (42,400) (191,757) 8,075,794
Net change in fund balances (653,496) 4,585,735 1,466,715 487,758 1,818,184
Fund balances at beginning of year 3,972,609 8,640,762 39,551,787 1,927,734 4,315,678
Fund balances at end of year 3,319,113$ 13,226,497$ 41,018,502$ 2,415,492$ 6,133,862$
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, 2017
98
State
Fire 911 Housing
Improvement Control Lighting Enhancement Tourist Initiative 800 MHz State Court
Districts Districts Districts Fee Development Partnership ICRP Fund Administration
3,600,932$ 2,996,574$ 1,343,240$ ‐$ 21,961,390$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,839,090 1,633,002 2,255,124 ‐ ‐
216,414 10,352 ‐ ‐ 10,346 ‐ 363,625 184,375
‐ ‐ ‐ ‐ ‐ ‐ ‐ 813,986
85,059 9,841 10,669 18,101 351,165 23,716 716 2,664
5,525 ‐ ‐ ‐ ‐ ‐ ‐ ‐
945 2,000 ‐ ‐ 106,933 497,796 141,823 9,756
3,908,875 3,018,767 1,353,909 1,857,191 24,062,836 2,776,636 506,164 1,010,781
‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,035,698
‐ 2,986,795 ‐ 2,080,473 ‐ ‐ 1,202,661 1,470,842
986,005 ‐ ‐ ‐ 2,193,059 ‐ ‐ ‐
1,000,271 ‐ 1,126,811 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ 1,715,446 ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
979,691 ‐ ‐ ‐ 11,765,413 ‐ ‐ ‐
‐ 22,872 ‐ ‐ ‐ ‐ ‐ ‐
‐ 6,830 ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
138,454 ‐ 38,267 33,487 4,010,579 ‐ ‐ 28,250
3,104,421 3,016,497 1,165,078 2,113,960 17,969,051 1,715,446 1,202,661 2,534,790
804,454 2,270 188,831 (256,769) 6,093,785 1,061,190 (696,497) (1,524,009)
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
11,862 ‐ ‐ ‐ 3,793 ‐ ‐ ‐
576,266 592,840 9,814 ‐ 144,227 ‐ 663,900 1,446,600
(578,286) (89,917) (103,987) (8,160) (955,096) (31,571) ‐ (71,000)
9,842 502,923 (94,173) (8,160) (807,076) (31,571) 663,900 1,375,600
814,296 505,193 94,658 (264,929) 5,286,709 1,029,619 (32,597) (148,409)
12,687,390 (88,916) 1,297,114 3,026,433 65,021,180 4,195,350 93,927 306,904
13,501,686$ 416,277$ 1,391,772$ 2,761,504$ 70,307,889$ 5,224,969$ 61,330$ 158,495$
Special Revenue Funds
99
GAC Land Court
Confiscated Sales, Roads Utility Conservation Information
Property and Canals Fee Collier Technology
Revenues:
Taxes ‐$ ‐$ 236,909$ 1,442$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ 3,019 ‐
Charges for services ‐ ‐ 100,000 40 852,180
Fines and forfeitures 48,945 ‐ ‐ ‐ ‐
Interest income 1,284 5,259 7,815 193,387 6,857
Special assessments ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 186,913 ‐
Total revenues 50,229 5,259 344,724 384,801 859,037
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ 815,157
Public safety 47,500 ‐ ‐ ‐ 32,576
Physical environment ‐ ‐ 280,683 658,679 ‐
Transportation ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ 3,068
Culture and recreation ‐ 68,819 ‐ ‐ ‐
Debt service
Principal ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐
Redemption of debt ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 6,058 45,508
Total expenditures 47,500 68,819 280,683 664,737 896,309
Excess (deficit) of revenues
over (under) expenditures 2,729 (63,560) 64,041 (279,936) (37,272)
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 400
Insurance proceeds ‐ ‐ ‐ 54 ‐
Transfers in ‐ ‐ ‐ 647 ‐
Transfers out (41,718) ‐ ‐ (4,100) ‐
Total other financing sources (uses) (41,718) ‐ ‐ (3,399) 400
Net change in fund balances (38,989) (63,560) 64,041 (283,335) (36,872)
Fund balances at beginning of year 217,042 1,160,835 1,418,550 33,116,597 1,064,122
Fund balances at end of year 178,053$ 1,097,275$ 1,482,591$ 32,833,262$ 1,027,250$
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, 2017
100
Other Other Other Total
Court Ava Maria Court Special Public Safety Special Special
Court University Facilities Affordable Innovation Revenue Revenue Revenue Revenue
Services Extension Fee Housing Zone Funds Funds Funds Funds
‐$ ‐$ ‐$ ‐$ ‐$ ‐$ ‐$ ‐$ 74,566,883$
‐ ‐ ‐ ‐ ‐ ‐ ‐ 26,266 23,241,016
629,086 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 24,706,230
5,463,687 17,064 ‐ ‐ ‐ 1,315,132 769,956 237,606 16,715,924
‐ ‐ 737,223 ‐ ‐ ‐ 63,199 47,885 1,963,297
23,116 729 37,703 920 183 21,438 22,893 7,064 1,285,815
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,811,117
‐ ‐ ‐ ‐ ‐ ‐ ‐ 174,803 1,841,897
6,115,889 17,793 774,926 920 183 1,336,570 856,048 493,624 148,132,179
6,099,469 ‐ 305,933 ‐ ‐ 1,729,227 ‐ 185,563 24,277,858
‐ ‐ ‐ ‐ ‐ ‐ 1,123,033 118,318 30,998,901
‐ 18,630 ‐ ‐ ‐ ‐ ‐ ‐ 9,381,717
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 33,098,509
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,270,857
‐ ‐ ‐ ‐ ‐ ‐ ‐ 237,911 3,661,902
‐ ‐ ‐ ‐ ‐ ‐ ‐ 154,574 25,218,485
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 22,872
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 6,830
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ 1,148,387 ‐ ‐ 157,806 ‐ 108,537 21,176,262
6,099,469 18,630 1,454,320 ‐ ‐ 1,887,033 1,123,033 804,903 153,114,193
16,420 (837) (679,394) 920 183 (550,463) (266,985) (311,279) (4,982,014)
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,405 22,700
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 113,272
‐ ‐ ‐ ‐ 31,200 ‐ 250,000 180,000 35,519,777
‐ ‐ ‐ ‐ ‐ ‐ (238,291) ‐ (17,609,135)
‐ ‐ ‐ ‐ 31,200 ‐ 11,709 182,405 18,046,614
16,420 (837) (679,394) 920 31,383 (550,463) (255,276) (128,874) 13,064,600
‐ 124,915 6,492,380 156,808 ‐ 4,825,868 4,415,779 1,093,007 199,033,855
16,420$ 124,078$ 5,812,986$ 157,728$ 31,383$ 4,275,405$ 4,160,503$ 964,133$ 212,098,455$
Special Revenue Funds
101
Permanent Fund
Resource Radio Road East Gas Tax Community Forest Lakes
Recovery Park Limited General Revenue Redevelopment Limited General
Endowment Obligation Bonds Bonds Taxable Note Oblibation Bonds
Revenues:
Taxes ‐$ 31$ ‐$ ‐$ 457,555$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ 1,953,725 ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐
Interest income 10,014 36 3,126 2,358 4,698
Special assessments ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐
Total revenues 10,014 67 1,956,851 2,358 462,253
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐
Physical environment 4,433 ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐
Debt service
Principal ‐ 4,452 10,195,000 473,132 440,000
Interest ‐ 5,233 2,939,200 210,955 113,475
Redemption of debt ‐ 334,630 ‐ 5,253,793 ‐
Fiscal charges ‐ 3,071 1,660 35,859 2,889
Capital outlay ‐ ‐ ‐ ‐ ‐
Total expenditures 4,433 347,386 13,135,860 5,973,739 556,364
Excess (deficit) of revenues
over (under) expenditures 5,581 (347,319) (11,179,009) (5,971,381) (94,111)
Other financing sources (uses):
Notes issued ‐ ‐ ‐ 5,293,293 ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐
Transfers in ‐ 237,254 12,150,000 85,500 3,950
Transfers out ‐ (593) ‐ ‐ (14,153)
Total other financing sources (uses) ‐ 236,661 12,150,000 5,378,793 (10,203)
Net change in fund balances 5,581 (110,658) 970,991 (592,588) (104,314)
Fund balances at beginning of year 1,719,563 110,829 (2,161) 947,296 846,639
Fund balances at end of year 1,725,144$ 171$ 968,830$ 354,708$ 742,325$
See accompanying independent auditors' report
Debt Servive Fund
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
102
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
‐$ 243$ 457,829$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ 594,852 917,541 1,518,046 370,960
‐ ‐ 1,953,725 ‐ 21,014 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
15,309 64 25,591 77,201 20,824 6,779 9,454 2,953
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 2,000,308 ‐ ‐ ‐
15,309 307 2,437,145 77,201 2,636,998 924,320 1,527,500 373,913
‐ 127 127 3,734,030 ‐ ‐ ‐ ‐
‐ ‐ ‐ 525,338 ‐ ‐ 355,236 15,628
‐ ‐ ‐ 3,159 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 19 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 1,827,710 25,442 ‐ ‐
9,705,000 ‐ 20,817,584 ‐ ‐ ‐ ‐ ‐
8,590,531 ‐ 11,859,394 ‐ ‐ ‐ ‐ ‐
‐ ‐ 5,588,423 ‐ ‐ ‐ ‐ ‐
4,180 ‐ 47,659 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 5,435,137 1,055,306 181,061 ‐ ‐
18,299,711 127 38,313,187 9,697,683 2,883,016 206,503 355,236 15,628
(18,284,402) 180 (35,876,042) (9,620,482) (246,018) 717,817 1,172,264 358,285
‐ ‐ 5,293,293 ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,533 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ 1,500 ‐ ‐ ‐
18,122,436 ‐ 30,599,140 13,724,873 3,350,892 321,000 ‐ ‐
‐ (66,847) (81,593) (2,963,790) (332,265) (1,160,300) (1,865,500) (448,000)
18,122,436 (66,847) 35,810,840 10,762,616 3,020,127 (839,300) (1,865,500) (448,000)
(161,966) (66,667) (65,202) 1,142,134 2,774,109 (121,483) (693,236) (89,715)
3,168,442 92,259 5,163,304 9,252,494 2,081,603 1,098,532 2,256,279 568,487
3,006,476$ 25,592$ 5,098,102$ 10,394,628$ 4,855,712$ 977,049$ 1,563,043$ 478,772$
Debt Servive Fund Capital Project Funds
103
Parks Road Government
Water Impact Impact Road Facilities
Management Districts Districts Construction Impact Fees
Revenues:
Taxes ‐$ ‐$ ‐$ 15,408,449$ ‐$
Licenses, permits and impact fees ‐ 9,053,250 19,273,674 ‐ 2,554,612
Intergovernmental ‐ ‐ ‐ 4,676,381 ‐
Charges for services ‐ ‐ ‐ 167,043 ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐
Interest income 80,954 150,249 344,490 305,499 20,958
Special assessments 412,330 ‐ ‐ ‐ ‐
Miscellaneous 90,143 ‐ 78,792 2,228,667 ‐
Total revenues 583,427 9,203,499 19,696,956 22,786,039 2,575,570
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ 18,297
Public safety ‐ ‐ ‐ ‐ ‐
Physical environment 1,178,873 ‐ ‐ ‐ ‐
Transportation ‐ ‐ 221,659 7,363,464 ‐
Economic environment ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ 77,133 ‐ ‐ ‐
Debt service
Principal ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ 7,249
Redemption of debt ‐ ‐ ‐ ‐ ‐
Fiscal charges ‐ ‐ ‐ ‐ ‐
Capital outlay 3,000,940 3,606,026 18,819,511 15,329,037 ‐
Total expenditures 4,179,813 3,683,159 19,041,170 22,692,501 25,546
Excess (deficit) of revenues
over (under) expenditures (3,596,386) 5,520,340 655,786 93,538 2,550,024
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐
Transfers in 6,699,708 ‐ ‐ 11,760,000 2,693,900
Transfers out (1,998,205) (2,939,300) (3,716,314) (12,690,603) (5,169,500)
Total other financing sources (uses) 4,701,503 (2,939,300) (3,716,314) (930,603) (2,475,600)
Net change in fund balances 1,105,117 2,581,040 (3,060,528) (837,065) 74,424
Fund balances at beginning of year 11,988,307 23,125,404 56,862,980 48,252,049 2,318,366
Fund balances at end of year 13,093,424$ 25,706,444$ 53,802,452$ 47,414,984$ 2,392,790$
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, 2017
104
Total Total
Law All Terrain Other Capital Nonmajor
Enforcement Vehicle Capital Project Governmental
Impact Fees Park Projects Funds Funds
‐$ ‐$ ‐$ 15,408,449$ 90,433,161$
1,403,537 ‐ 6,985 35,693,457 58,934,473
‐ ‐ ‐ 4,697,395 31,357,350
‐ ‐ ‐ 167,043 16,882,967
‐ ‐ ‐ ‐ 1,963,297
13,889 17,596 10,593 1,061,439 2,382,859
‐ ‐ 126,876 539,206 4,350,323
‐ ‐ 46 4,397,956 6,239,853
1,417,426 17,596 144,500 61,964,945 212,544,283
‐ ‐ 53,669 3,805,996 28,083,981
104,620 ‐ 6,990 1,007,812 32,006,713
‐ ‐ 1,013,083 2,195,115 11,581,265
‐ ‐ ‐ 7,585,123 40,683,632
‐ ‐ ‐ ‐ 5,270,857
‐ ‐ ‐ 19 3,661,921
‐ 20,330 108,793 2,059,408 27,277,893
‐ ‐ ‐ ‐ 20,840,456
‐ ‐ ‐ 7,249 11,873,473
‐ ‐ ‐ ‐ 5,588,423
‐ ‐ ‐ ‐ 47,659
1,272,844 ‐ 191,214 48,891,076 70,067,338
1,377,464 20,330 1,373,749 65,551,798 256,983,611
39,962 (2,734) (1,229,249) (3,586,853) (44,439,328)
‐ ‐ ‐ ‐ 5,293,293
‐ ‐ ‐ 1,533 24,233
‐ ‐ ‐ 1,500 114,772
92,000 ‐ 1,533,407 40,175,780 106,294,697
(1,873,000) ‐ (4,192) (35,160,969) (52,851,697)
(1,781,000) ‐ 1,529,215 5,017,844 58,875,298
(1,741,038) (2,734) 299,966 1,430,991 14,435,970
3,423,454 3,015,688 1,403,163 165,646,806 371,563,528
1,682,416$ 3,012,954$ 1,703,129$ 167,077,797$ 385,999,498$
Capital Project Funds
105
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 43,648,100$ 42,247,153$ (1,400,947)$
Licenses, permits and impact fees ‐ ‐ ‐ 37,000 27,662 (9,338)
Intergovernmental 1,745,000 1,890,023 145,023 2,000,000 1,510 (1,998,490)
Charges for services 294,600 379,638 85,038 3,886,300 2,963,796 (922,504)
Fines and forfeitures ‐ ‐ ‐ 339,000 252,059 (86,941)
Interest income 7,500 42,648 35,148 120,000 218,274 98,274
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous 31,000 37,780 6,780 198,000 246,666 48,666
Total revenues 2,078,100 2,350,089 271,989 50,228,400 45,957,120 (4,271,280)
Expenditures:
Current:
General government ‐ ‐ ‐ 7,094,403 6,217,960 876,443
Public safety ‐ ‐ ‐ 4,621,814 4,029,532 592,282
Physical environment ‐ ‐ ‐ 798,800 598,070 200,730
Transportation 22,375,771 21,164,244 1,211,527 11,150,483 7,169,546 3,980,937
Economic environment ‐ ‐ ‐ 110,384 51,051 59,333
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ 13,183,617 12,146,867 1,036,750
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 627,714 483,152 144,562 4,003,273 868,354 3,134,919
Total expenditures 23,003,485 21,647,396 1,356,089 40,962,774 31,081,380 9,881,394
Excess (deficit) of revenues
over (under) expenditures (20,925,385) (19,297,307) 1,628,078 9,265,626 14,875,740 5,610,114
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 6,800 6,800
Insurance proceeds 150,000 51,738 (98,262) 30,000 22,638 (7,362)
Transfers in 21,172,100 21,160,190 (11,910) 5,389,400 5,482,992 93,592
Transfers out (2,551,900) (2,550,272) 1,628 (16,085,162) (15,650,991) 434,171
Total other financing sources (uses) 18,770,200 18,661,656 (108,544) (10,665,762) (10,138,561) 527,201
Net change in fund balances (2,155,185) (635,651) 1,519,534 (1,400,136) 4,737,179 6,137,315
Fund balances at beginning of year 2,182,585 2,182,585 ‐ 6,266,650 6,266,650 ‐
Fund balances at end of year 27,400$ 1,546,934$ 1,519,534$ 4,866,514$ 11,003,829$ 6,137,315$
Reconciliation:
Net change in fund balance, budgetary basis (635,651)$ 4,737,179$
Change in fair value of investments (17,845) (90,852)
Ad valorem refunds not budgeted ‐ (2,858)
Change in inventory ‐ 52,266
Advances budgeted as transfers ‐ (110,000)
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (653,496)$ 4,585,735$
See accompanying independent auditors' report
Road Disctricts
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, 2017
(Budgetary Basis)
Unincorporated Area MSTD
(Budgetary Basis)
106
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ 2,260,100$ 2,179,243$ (80,857)$
22,829,100 23,186,803 357,703 600 285 (315)
‐ ‐ ‐ ‐ ‐ ‐
3,144,700 3,493,830 349,130 426,700 337,883 (88,817)
‐ ‐ ‐ ‐ ‐ ‐
196,200 447,925 251,725 13,800 41,113 27,313
‐ ‐ ‐ 3,950,200 3,805,592 (144,608)
50,100 50,878 778 ‐ ‐ ‐
26,220,100 27,179,436 959,336 6,651,400 6,364,116 (287,284)
9,049,695 7,326,464 1,723,231 ‐ ‐ ‐
22,000,161 15,932,092 6,068,069 ‐ ‐ ‐
1,882,382 1,485,864 396,518 3,465,769 3,082,460 383,309
383,100 333,022 50,078 2,548,200 2,351,843 196,357
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,646,445 396,369 1,250,076 293,826 232,721 61,105
34,961,783 25,473,811 9,487,972 6,307,795 5,667,024 640,771
(8,741,683) 1,705,625 10,447,308 343,605 697,092 353,487
‐ ‐ ‐ ‐ ‐ ‐
‐ 25 25 ‐ 7,470 7,470
‐ 244 244 ‐ 22,943 22,943
977,800 977,800 ‐ ‐ 45,798 45,798
(1,066,800) (1,020,469) 46,331 (299,200) (267,968) 31,232
(89,000) (42,400) 46,600 (299,200) (191,757) 107,443
(8,830,683) 1,663,225 10,493,908 44,405 505,335 460,930
35,409,183 35,409,183 ‐ 1,491,695 1,491,695 ‐
26,578,500$ 37,072,408$ 10,493,908$ 1,536,100$ 1,997,030$ 460,930$
1,663,225$ 505,335$
(196,510) (17,221)
‐ (356)
‐ ‐
‐ ‐
‐ ‐
1,466,715$ 487,758$
Water Management and Pollution Control
(Budgetary Basis)(Budgetary Basis)
Community Development
107
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 3,727,900$ 3,600,932$ (126,968)$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 36,075,154 15,254,242 (20,820,912) ‐ ‐ ‐
Charges for services 51,547 ‐ (51,547) 262,800 216,414 (46,386)
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 3,248 45,870 42,622 37,700 150,598 112,898
Special assessments ‐ ‐ ‐ 5,700 5,525 (175)
Miscellaneous 223,467 385,604 162,137 ‐ 945 945
Total revenues 36,353,416 15,685,716 (20,667,700) 4,034,100 3,974,414 (59,686)
Expenditures:
Current:
General government 1,743,786 505,508 1,238,278 ‐ ‐ ‐
Public safety 3,204,951 1,266,869 1,938,082 ‐ ‐ ‐
Physical environment 108,688 77,911 30,777 3,060,705 985,912 2,074,793
Transportation 257,277 5,038 252,239 2,242,666 999,064 1,243,602
Economic environment 11,417,474 3,504,360 7,913,114 ‐ ‐ ‐
Human services 6,496,537 3,420,923 3,075,614 ‐ ‐ ‐
Culture and recreation 870,962 103,121 767,841 1,086,200 979,655 106,545
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 23,432,820 13,322,082 10,110,738 7,277,435 138,454 7,138,981
Total expenditures 47,532,495 22,205,812 25,326,683 13,667,006 3,103,085 10,563,921
Excess (deficit) of revenues
over (under) expenditures (11,179,079) (6,520,096) 4,658,983 (9,632,906) 871,329 10,504,235
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets 9,250 5,600 (3,650) ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ 11,862 11,862
Transfers in 10,342,959 8,032,584 (2,310,375) 546,900 576,266 29,366
Transfers out (214,335) (109,976) 104,359 (709,300) (578,286) 131,014
Total other financing sources (uses) 10,137,874 7,928,208 (2,209,666) (162,400) 9,842 172,242
Net change in fund balances (1,041,205) 1,408,112 2,449,317 (9,795,306) 881,171 10,676,477
Fund balances at beginning of year 3,459,954 3,459,954 ‐ 12,096,243 12,096,243 ‐
Fund balances at end of year 2,418,749$ 4,868,066$ 2,449,317$ 2,300,937$ 12,977,414$ 10,676,477$
Reconciliation:
Net change in fund balance, budgetary basis 1,408,112$ 881,171$
Change in fair value of investments (20,143) (65,539)
Ad valorem refunds not budgeted ‐ (1,336)
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds 430,215 ‐
Net change in fund balance, GAAP basis 1,818,184$ 814,296$
See accompanying independent auditors' report
Grants and Shared Revenues Improvement Districts
(Budgetary Basis)(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, 2017
108
Budget Actual Variance Budget Actual Variance
3,097,200$ 2,996,574$ (100,626)$ 1,391,000$ 1,343,240$ (47,760)$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 10,352 10,352 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,000 16,863 14,863 2,500 18,681 16,181
‐ ‐ ‐ ‐ ‐ ‐
1,700 2,000 300 ‐ ‐ ‐
3,100,900 3,025,789 (75,111) 1,393,500 1,361,921 (31,579)
‐ ‐ ‐ ‐ ‐ ‐
3,282,392 2,985,510 296,882 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,211,400 1,126,662 84,738
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
30,000 29,702 298 ‐ ‐ ‐
‐ ‐ ‐ 38,700 38,267 433
3,312,392 3,015,212 297,180 1,250,100 1,164,929 85,171
(211,492) 10,577 222,069 143,400 196,992 53,592
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
737,700 729,269 (8,431) ‐ 9,814 9,814
(393,808) (374,246) 19,562 (120,300) (103,987) 16,313
343,892 355,023 11,131 (120,300) (94,173) 26,127
132,400 365,600 233,200 23,100 102,819 79,719
317,800 317,800 ‐ 1,259,000 1,259,000 ‐
450,200$ 683,400$ 233,200$ 1,282,100$ 1,361,819$ 79,719$
365,600$ 102,819$
(7,022) (8,012)
(1,285) (149)
‐ ‐
147,900 ‐
‐ ‐
505,193$ 94,658$
Fire Control Districts Lighting Districts
(Budgetary Basis)(Budgetary Basis)
109
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 22,062,000$ 21,961,390$ (100,610)$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 1,725,000 1,839,090 114,090 300,000 1,633,002 1,333,002
Charges for services ‐ ‐ ‐ 66,356 10,346 (56,010)
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 24,200 32,223 8,023 243,900 623,546 379,646
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 15,000 106,933 91,933
Total revenues 1,749,200 1,871,313 122,113 22,687,256 24,335,217 1,647,961
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety 2,467,571 2,113,960 353,611 ‐ ‐ ‐
Physical environment ‐ ‐ ‐ 3,963,344 2,193,059 1,770,285
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ 16,100,046 11,765,413 4,334,633
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 60,130 ‐ 60,130 17,313,999 4,010,579 13,303,420
Total expenditures 2,527,701 2,113,960 413,741 37,377,389 17,969,051 19,408,338
Excess (deficit) of revenues
over (under) expenditures (778,501) (242,647) 535,854 (14,690,133) 6,366,166 21,056,299
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ 3,793 3,793
Transfers in ‐ ‐ ‐ 3,949,500 4,072,772 123,272
Transfers out ‐ (8,160) (8,160) (4,818,850) (4,883,641) (64,791)
Total other financing sources (uses) ‐ (8,160) (8,160) (869,350) (807,076) 62,274
Net change in fund balances (778,501) (250,807) 527,694 (15,559,483) 5,559,090 21,118,573
Fund balances at beginning of year 3,090,190 3,090,190 ‐ 56,113,916 56,113,916 ‐
Fund balances at end of year 2,311,689$ 2,839,383$ 527,694$ 40,554,433$ 61,673,006$ 21,118,573$
Reconciliation:
Net change in fund balance, budgetary basis (250,807)$ 5,559,090$
Change in fair value of investments (14,122) (272,381)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (264,929)$ 5,286,709$
See accompanying independent auditors' report
911 Enhancement Fee Tourist Development
(Budgetary Basis)(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, 2017
110
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
5,729,036 2,255,124 (3,473,912) ‐ ‐ ‐
‐ ‐ ‐ 419,800 363,625 (56,175)
‐ ‐ ‐ ‐ ‐ ‐
5,884 41,627 35,743 200 1,254 1,054
‐ ‐ ‐ ‐ ‐ ‐
40,310 497,796 457,486 133,700 141,823 8,123
5,775,230 2,794,547 (2,980,683) 553,700 506,702 (46,998)
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,263,300 1,202,661 60,639
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
5,775,230 1,715,446 4,059,784 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
5,775,230 1,715,446 4,059,784 1,263,300 1,202,661 60,639
‐ 1,079,101 1,079,101 (709,600) (695,959) 13,641
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 57,943 57,943 663,900 663,900 ‐
‐ (89,514) (89,514) ‐ ‐ ‐
‐ (31,571) (31,571) 663,900 663,900 ‐
‐ 1,047,530 1,047,530 (45,700) (32,059) 13,641
‐ ‐ ‐ 66,900 66,900 ‐
‐$ 1,047,530$ 1,047,530$ 21,200$ 34,841$ 13,641$
1,047,530$ (32,059)$
(17,911) (538)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
1,029,619$ (32,597)$
State Housing Initiativeship Partnership 800 MHZ IRCP Fund
(Budgetary Basis)(Budgetary Basis)
111
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services 172,000 184,375 12,375 ‐ ‐ ‐
Fines and forfeitures 910,900 813,986 (96,914) ‐ 48,945 48,945
Interest income 1,000 4,649 3,649 1,500 2,292 792
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ 9,756 9,756 ‐ ‐ ‐
Total revenues 1,083,900 1,012,766 (71,134) 1,500 51,237 49,737
Expenditures:
Current:
General government 1,079,500 1,035,698 43,802 ‐ ‐ ‐
Public safety 1,498,300 1,470,842 27,458 60,500 47,500 13,000
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 33,500 28,250 5,250 ‐ ‐ ‐
Total expenditures 2,611,300 2,534,790 76,510 60,500 47,500 13,000
Excess (deficit) of revenues
over (under) expenditures (1,527,400) (1,522,024) 5,376 (59,000) 3,737 62,737
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 1,613,400 1,589,800 (23,600) ‐ ‐ ‐
Transfers out (231,700) (214,200) 17,500 (104,422) (41,718) 62,704
Total other financing sources (uses) 1,381,700 1,375,600 (6,100) (104,422) (41,718) 62,704
Net change in fund balances (145,700) (146,424) (724) (163,422) (37,981) 125,441
Fund balances at beginning of year 254,700 254,700 ‐ 244,722 244,722 ‐
Fund balances at end of year 109,000$ 108,276$ (724)$ 81,300$ 206,741$ 125,441$
Reconciliation:
Net change in fund balance, budgetary basis (146,424)$ (37,981)$
Change in fair value of investments (1,985) (1,008)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (148,409)$ (38,989)$
See accompanying independent auditors' report
State Court Administration Confiscated Property
(Budgetary Basis)(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, 2017
112
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ 181,900$ 236,909$ 55,009$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 100,000 100,000 ‐
‐ ‐ ‐ ‐ ‐ ‐
3,500 9,379 5,879 2,000 13,934 11,934
‐ ‐ ‐ ‐ ‐ ‐
17,000 ‐ (17,000) ‐ ‐ ‐
20,500 9,379 (11,121) 283,900 350,843 66,943
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 456,520 280,683 175,837
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
69,519 68,819 700 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
69,519 68,819 700 456,520 280,683 175,837
(49,019) (59,440) (10,421) (172,620) 70,160 242,780
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
(49,019) (59,440) (10,421) (172,620) 70,160 242,780
854,500 854,500 ‐ 1,352,720 1,352,720 ‐
805,481$ 795,060$ (10,421)$ 1,180,100$ 1,422,880$ 242,780$
(59,440)$ 70,160$
(4,120) (6,119)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
(63,560)$ 64,041$
GAC Land Sales, Roads and Canals Utility Fee
(Budgetary Basis)(Budgetary Basis)
113
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ 1,442$ 1,442$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ 3,019 3,019 ‐ ‐ ‐
Charges for services ‐ 40 40 750,000 852,180 102,180
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 328,400 344,439 16,039 4,200 12,172 7,972
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous 60,174 186,913 126,739 ‐ ‐ ‐
Total revenues 388,574 535,853 147,279 754,200 864,352 110,152
Expenditures:
Current:
General government ‐ ‐ ‐ 855,050 815,157 39,893
Public safety ‐ ‐ ‐ 36,800 32,576 4,224
Physical environment 848,889 658,566 190,323 ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 6,568 3,068 3,500
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 187,035 6,058 180,977 65,382 45,508 19,874
Total expenditures 1,035,924 664,624 371,300 963,800 896,309 67,491
Excess (deficit) of revenues
over (under) expenditures (647,350) (128,771) 518,579 (209,600) (31,957) 177,643
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 400 400
Insurance proceeds ‐ 54 54 ‐ ‐ ‐
Transfers in 5,000 150,193 145,193 ‐ ‐ ‐
Transfers out (14,082) (153,646) (139,564) ‐ ‐ ‐
Total other financing sources (uses) (9,082) (3,399) 5,683 ‐ 400 400
Net change in fund balances (656,432) (132,170) 524,262 (209,600) (31,557) 178,043
Fund balances at beginning of year 32,960,732 32,960,732 ‐ 853,200 853,200 ‐
Fund balances at end of year 32,304,300$ 32,828,562$ 524,262$ 643,600$ 821,643$ 178,043$
Reconciliation:
Net change in fund balance, budgetary basis (132,170)$ (31,557)$
Change in fair value of investments (151,052) (5,315)
Ad valorem refunds not budgeted (113) ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (283,335)$ (36,872)$
See accompanying independent auditors' report
Conservation Collier Court Information Technology
(Budgetary Basis)(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, 2017
114
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
219,000 629,086 410,086 ‐ ‐ ‐
5,965,241 5,463,687 (501,554) 28,000 17,064 (10,936)
‐ ‐ ‐ ‐ ‐ ‐
5,000 23,116 18,116 ‐ 1,298 1,298
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
6,189,241 6,115,889 (73,352) 28,000 18,362 (9,638)
6,189,241 6,099,469 89,772 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 55,000 18,630 36,370
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
6,189,241 6,099,469 89,772 55,000 18,630 36,370
‐ 16,420 16,420 (27,000) (268) 26,732
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 16,420 16,420 (27,000) (268) 26,732
‐ ‐ ‐ 115,300 115,300 ‐
‐$ 16,420$ 16,420$ 88,300$ 115,032$ 26,732$
16,420$ (268)$
‐ (569)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
16,420$ (837)$
University Extension
Court Services (Budgetary Basis)
115
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures 945,000 737,223 (207,777) ‐ ‐ ‐
Interest income 25,000 67,191 42,191 500 1,638 1,138
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 970,000 804,414 (165,586) 500 1,638 1,138
Expenditures:
Current:
General government 643,691 305,933 337,758 ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ 132,500 ‐ 132,500
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 1,978,048 1,148,387 829,661 ‐ ‐ ‐
Total expenditures 2,621,739 1,454,320 1,167,419 132,500 ‐ 132,500
Excess (deficit) of revenues
over (under) expenditures (1,651,739) (649,906) 1,001,833 (132,000) 1,638 133,638
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ ‐ ‐ ‐
Transfers out ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) ‐ ‐ ‐ ‐ ‐ ‐
Net change in fund balances (1,651,739) (649,906) 1,001,833 (132,000) 1,638 133,638
Fund balances at beginning of year 6,426,735 6,426,735 ‐ 132,000 132,000 ‐
Fund balances at end of year 4,774,996$ 5,776,829$ 1,001,833$ ‐$ 133,638$ 133,638$
Reconciliation:
Net change in fund balance, budgetary basis (649,906)$ 1,638$
Change in fair value of investments (29,488) (718)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (679,394)$ 920$
See accompanying independent auditors' report
Court Facilities Fee Affordable Housing
(Budgetary Basis)(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, 2017
116
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,469,000 1,315,132 (153,868)
‐ ‐ ‐ ‐ ‐ ‐
‐ 325 325 8,200 21,438 13,238
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 325 325 1,477,200 1,336,570 (140,630)
‐ ‐ ‐ 3,070,230 1,729,227 1,341,003
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
1,000 ‐ 1,000 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 1,356,824 157,806 1,199,018
1,000 ‐ 1,000 4,427,054 1,887,033 2,540,021
(1,000) 325 1,325 (2,949,854) (550,463) 2,399,391
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
31,200 31,200 ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
31,200 31,200 ‐ ‐ ‐ ‐
30,200 31,525 1,325 (2,949,854) (550,463) 2,399,391
‐ ‐ ‐ 3,807,879 3,807,879 ‐
30,200$ 31,525$ 1,325$ 858,025$ 3,257,416$ 2,399,391$
31,525$ (550,463)$
(142) ‐
‐ ‐
‐ ‐
‐ ‐
‐ ‐
31,383$ (550,463)$
Ava Maria Innovation Zone
(Budgetary Basis)Other Court Special Revenue Funds
117
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ 8,800 26,266 17,466
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services 90,000 71,706 (18,294) 248,500 237,606 (10,894)
Fines and forfeitures 78,000 63,199 (14,801) 45,200 47,885 2,685
Interest income 13,400 19,891 6,491 11,300 12,649 1,349
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ 74,200 174,803 100,603
Total revenues 181,400 154,796 (26,604) 388,000 499,209 111,209
Expenditures:
Current:
General government ‐ ‐ ‐ 195,500 185,563 9,937
Public safety 1,042,200 357,432 684,768 119,000 118,318 682
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 258,100 237,911 20,189
Culture and recreation ‐ ‐ ‐ 256,444 154,574 101,870
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 100,000 ‐ 100,000 241,156 108,537 132,619
Total expenditures 1,142,200 357,432 784,768 1,070,200 804,903 265,297
Excess (deficit) of revenues
over (under) expenditures (960,800) (202,636) 758,164 (682,200) (305,694) 376,506
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 2,405 2,405
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 196,900 180,000 (16,900)
Transfers out (364,288) (238,291) 125,997 ‐ ‐ ‐
Total other financing sources (uses) (364,288) (238,291) 125,997 196,900 182,405 (14,495)
Net change in fund balances (1,325,088) (440,927) 884,161 (485,300) (123,289) 362,011
Fund balances at beginning of year 2,010,188 2,010,188 ‐ 958,300 958,300 ‐
Fund balances at end of year 685,100$ 1,569,261$ 884,161$ 473,000$ 835,011$ 362,011$
Reconciliation:
Net change in fund balance, budgetary basis (440,927)$ (123,289)$
Change in fair value of investments (8,739) (5,585)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds 194,390 ‐
Net change in fund balance, GAAP basis (255,276)$ (128,874)$
See accompanying independent auditors' report
Other Public Safety Revenue Funds Other Special Revenue Funds
(Budgetary Basis)(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, 2017
118
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ 31$ 31$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
16,700 17,844 1,144 ‐ 86 86
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
16,700 17,844 1,144 ‐ 117 117
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
29,900 4,433 25,467 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 361,800 347,386 14,414
‐ ‐ ‐ ‐ ‐ ‐
29,900 4,433 25,467 361,800 347,386 14,414
(13,200) 13,411 26,611 (361,800) (347,269) 14,531
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 257,000 237,254 (19,746)
‐ ‐ ‐ (25,000) (593) 24,407
‐ ‐ ‐ 232,000 236,661 4,661
(13,200) 13,411 26,611 (129,800) (110,608) 19,192
1,679,300 1,679,300 ‐ 107,300 107,300 ‐
1,666,100$ 1,692,711$ 26,611$ (22,500)$ (3,308)$ 19,192$
13,411$ (110,608)$
(7,830) (50)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
5,581$ (110,658)$
Resource Recovery Park Endowment Radio Road East Limited General
(Budgetary Basis)Obligation Bonds (Budgetary Basis)
119
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental 1,800,000 1,953,725 153,725 ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 2,000 5,295 3,295 2,400 2,873 473
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 1,802,000 1,959,020 157,020 2,400 2,873 473
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service 13,151,200 13,135,860 15,340 6,038,293 5,973,739 64,554
Capital outlay ‐ ‐ ‐ ‐ ‐ ‐
Total expenditures 13,151,200 13,135,860 15,340 6,038,293 5,973,739 64,554
Excess (deficit) of revenues
over (under) expenditures (11,349,200) (11,176,840) 172,360 (6,035,893) (5,970,866) 65,027
Other financing sources (uses):
Notes issued ‐ ‐ ‐ 5,293,293 5,293,293 ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in 12,150,000 12,150,000 ‐ 832,800 85,500 (747,300)
Transfers out ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) 12,150,000 12,150,000 ‐ 6,126,093 5,378,793 (747,300)
Net change in fund balances 800,800 973,160 172,360 90,200 (592,073) (682,273)
Fund balances at beginning of year 26,900 26,900 ‐ 934,400 934,400 ‐
Fund balances at end of year 827,700$ 1,000,060$ 172,360$ 1,024,600$ 342,327$ (682,273)$
Reconciliation:
Net change in fund balance, budgetary basis 973,160$ (592,073)$
Change in fair value of investments (2,169) (515)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis 970,991$ (592,588)$
See accompanying independent auditors' report
Gas Tax Revenue Bonds Community Redevelopment Taxable Note
(Budgetary Basis)(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, 2017
120
Budget Actual Variance Budget Actual Variance
473,400$ 457,555$ (15,845)$ ‐$ ‐$ ‐$
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,000 8,370 6,370 8,000 27,810 19,810
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
475,400 465,925 (9,475) 8,000 27,810 19,810
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
557,500 556,364 1,136 18,327,600 18,299,711 27,889
‐ ‐ ‐ ‐ ‐ ‐
557,500 556,364 1,136 18,327,600 18,299,711 27,889
(82,100) (90,439) (8,339) (18,319,600) (18,271,901) 47,699
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 3,950 3,950 18,056,400 18,122,436 66,036
(18,800) (14,153) 4,647 ‐ ‐ ‐
(18,800) (10,203) 8,597 18,056,400 18,122,436 66,036
(100,900) (100,642) 258 (263,200) (149,465) 113,735
8,300,000 8,300,000 ‐ 3,070,400 3,070,400 ‐
8,199,100$ 8,199,358$ 258$ 2,807,200$ 2,920,935$ 113,735$
(100,642)$ (149,465)$
(3,672) (12,501)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
(104,314)$ (161,966)$
Forest Lakes Limited General Special Obligation Revenue Bonds
Obligation Bonds (Budgetary Basis)(Budgetary Basis)
121
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes 6,000$ 243$ (5,757)$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ 1,350,000 ‐ (1,350,000)
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 400 123 (277) 35,000 136,234 101,234
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 6,400 366 (6,034) 1,385,000 136,234 (1,248,766)
Expenditures:
Current:
General government ‐ ‐ ‐ 9,042,543 3,734,030 5,308,513
Public safety ‐ ‐ ‐ 1,238,670 677,641 561,029
Physical environment ‐ ‐ ‐ 168,443 3,159 165,284
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ 100,000 19 99,981
Culture and recreation ‐ ‐ ‐ 100,000 ‐ 100,000
Debt service 12,000 ‐ 12,000 ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 15,891,433 5,435,137 10,456,296
Total expenditures 12,000 ‐ 12,000 26,541,089 9,849,986 16,691,103
Excess (deficit) of revenues
over (under) expenditures (5,600) 366 5,966 (25,156,089) (9,713,752) 15,442,337
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ 1,533 1,533
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 15,824,400 13,724,873 (2,099,527)
Transfers out (6,000) (66,847) (60,847) (2,476,900) (2,811,487) (334,587)
Total other financing sources (uses) (6,000) (66,847) (60,847) 13,347,500 10,914,919 (2,432,581)
Net change in fund balances (11,600) (66,481) (54,881) (11,808,589) 1,201,167 13,009,756
Fund balances at beginning of year ‐ ‐ ‐ 12,260,204 12,260,204 ‐
Fund balances at end of year (11,600)$ (66,481)$ (54,881)$ 451,615$ 13,461,371$ 13,009,756$
Reconciliation:
Net change in fund balance, budgetary basis (66,481)$ 1,201,167$
Change in fair value of investments (59) (59,033)
Ad valorem refunds not budgeted (127) ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (66,667)$ 1,142,134$
See accompanying independent auditors' report
Other Debt Service County‐Wide Capital Improvements
(Budgetary Basis)(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, 2017
122
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
590,000 594,852 4,852 875,000 917,541 42,541
2,400,000 21,014 (2,378,986) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
10,000 36,429 26,429 5,000 11,511 6,511
‐ ‐ ‐ ‐ ‐ ‐
329,100 2,000,308 1,671,208 ‐ ‐ ‐
3,329,100 2,652,603 (676,497) 880,000 929,052 49,052
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
4,886,898 1,827,710 3,059,188 116,270 25,442 90,828
‐ ‐ ‐ ‐ ‐ ‐
3,269,273 1,055,306 2,213,967 297,577 181,061 116,516
8,156,171 2,883,016 5,273,155 413,847 206,503 207,344
(4,827,071) (230,413) 4,596,658 466,153 722,549 256,396
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ 1,500 1,500 ‐ ‐ ‐
5,120,700 5,150,892 30,192 321,000 321,000 ‐
(2,134,700) (2,132,265) 2,435 (1,160,300) (1,160,300) ‐
2,986,000 3,020,127 34,127 (839,300) (839,300) ‐
(1,841,071) 2,789,714 4,630,785 (373,147) (116,751) 256,396
2,983,458 2,983,458 ‐ 854,247 854,247 ‐
1,142,387$ 5,773,172$ 4,630,785$ 481,100$ 737,496$ 256,396$
2,789,714$ (116,751)$
(15,605) (4,732)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
2,774,109$ (121,483)$
Parks Improvements County‐Wide Library Impact Fee
(Budgetary Basis)(Budgetary Basis)
123
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees 1,500,000 1,518,046 18,046 350,000 370,960 20,960
Intergovernmental ‐ ‐ ‐ ‐ ‐ ‐
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 6,000 16,483 10,483 8,000 5,037 (2,963)
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ ‐ ‐ ‐ ‐ ‐
Total revenues 1,506,000 1,534,529 28,529 358,000 375,997 17,997
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety 550,005 355,236 194,769 76,835 15,628 61,207
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay ‐ ‐ ‐ 93,320 ‐ 93,320
Total expenditures 550,005 355,236 194,769 170,155 15,628 154,527
Excess (deficit) of revenues
over (under) expenditures 955,995 1,179,293 223,298 187,845 360,369 172,524
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ ‐ ‐ ‐
Transfers out (1,865,500) (1,865,500) ‐ (448,000) (448,000) ‐
Total other financing sources (uses) (1,865,500) (1,865,500) ‐ (448,000) (448,000) ‐
Net change in fund balances (909,505) (686,207) 223,298 (260,155) (87,631) 172,524
Fund balances at beginning of year 2,375,605 2,375,605 ‐ 527,255 527,255 ‐
Fund balances at end of year 1,466,100$ 1,689,398$ 223,298$ 267,100$ 439,624$ 172,524$
Reconciliation:
Net change in fund balance, budgetary basis (686,207)$ (87,631)$
Change in fair value of investments (7,029) (2,084)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (693,236)$ (89,715)$
See accompanying independent auditors' report
Correctional Facilities Impact Fees Emergency Medical Services Impact Fees
(Budgetary Basis)(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, 2017
124
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
‐ ‐ ‐ 8,000,000 9,053,250 1,053,250
100,000 ‐ (100,000) ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
55,000 143,072 88,072 93,000 263,191 170,191
428,100 412,330 (15,770) ‐ ‐ ‐
33,857 90,143 56,286 ‐ ‐ ‐
616,957 645,545 28,588 8,093,000 9,316,441 1,223,441
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
3,874,398 1,178,873 2,695,525 ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ 346,040 77,133 268,907
‐ ‐ ‐ ‐ ‐ ‐
12,964,269 3,000,940 9,963,329 23,855,281 3,606,026 20,249,255
16,838,667 4,179,813 12,658,854 24,201,321 3,683,159 20,518,162
(16,221,710) (3,534,268) 12,687,442 (16,108,321) 5,633,282 21,741,603
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
6,697,000 6,699,708 2,708 ‐ 9,044 9,044
(2,666,099) (1,998,205) 667,894 (2,939,300) (2,948,344) (9,044)
4,030,901 4,701,503 670,602 (2,939,300) (2,939,300) ‐
(12,190,809) 1,167,235 13,358,044 (19,047,621) 2,693,982 21,741,603
12,263,748 12,263,748 ‐ 22,167,323 22,167,323 ‐
72,939$ 13,430,983$ 13,358,044$ 3,119,702$ 24,861,305$ 21,741,603$
1,167,235$ 2,693,982$
(62,118) (112,942)
‐ ‐
‐ ‐
‐ ‐
‐ ‐
1,105,117$ 2,581,040$
Water Management Parks Impact Districts
(Budgetary Basis)(Budgetary Basis)
125
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ 13,627,500$ 15,408,449$ 1,780,949$
Licenses, permits and impact fees 9,300,000 19,273,674 9,973,674 ‐ ‐ ‐
Intergovernmental ‐ ‐ ‐ 5,321,816 4,676,381 (645,435)
Charges for services ‐ ‐ ‐ 195,139 167,043 (28,096)
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 250,000 608,572 358,572 210,000 542,010 332,010
Special assessments ‐ ‐ ‐ ‐ ‐ ‐
Miscellaneous ‐ 78,792 78,792 126,951 2,228,667 2,101,716
Total revenues 9,550,000 19,961,038 10,411,038 19,481,406 23,022,550 3,541,144
Expenditures:
Current:
General government ‐ ‐ ‐ ‐ ‐ ‐
Public safety ‐ ‐ ‐ ‐ ‐ ‐
Physical environment ‐ ‐ ‐ ‐ ‐ ‐
Transportation 4,012,378 221,659 3,790,719 9,454,305 7,363,464 2,090,841
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation ‐ ‐ ‐ ‐ ‐ ‐
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 44,000,354 18,819,511 25,180,843 55,954,960 15,329,037 40,625,923
Total expenditures 48,012,732 19,041,170 28,971,562 65,409,265 22,692,501 42,716,764
Excess (deficit) of revenues
over (under) expenditures (38,462,732) 919,868 39,382,600 (45,927,859) 330,049 46,257,908
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 11,760,000 11,767,665 7,665
Transfers out (4,944,439) (3,716,314) 1,228,125 (12,793,409) (12,698,268) 95,141
Total other financing sources (uses) (4,944,439) (3,716,314) 1,228,125 (1,033,409) (930,603) 102,806
Net change in fund balances (43,407,171) (2,796,446) 40,610,725 (46,961,268) (600,554) 46,360,714
Fund balances at beginning of year 56,356,915 56,356,915 ‐ 54,072,781 54,072,781 ‐
Fund balances at end of year 12,949,744$ 53,560,469$ 40,610,725$ 7,111,513$ 53,472,227$ 46,360,714$
Reconciliation:
Net change in fund balance, budgetary basis (2,796,446)$ (600,554)$
Change in fair value of investments (264,082) (236,511)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (3,060,528)$ (837,065)$
See accompanying independent auditors' report
Road Impact Districts Road Construction
(Budgetary Basis) (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, 2017
126
Budget Actual Variance Budget Actual Variance
‐$ ‐$ ‐$ ‐$ ‐$ ‐$
2,400,000 2,554,612 154,612 1,300,000 1,403,537 103,537
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
25,000 36,616 11,616 16,000 25,081 9,081
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,425,000 2,591,228 166,228 1,316,000 1,428,618 112,618
139,694 18,297 121,397 ‐ ‐ ‐
‐ ‐ ‐ 165,104 104,620 60,484
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
7,300 7,249 51 ‐ ‐ ‐
47,468 ‐ 47,468 2,332,250 1,272,844 1,059,406
194,462 25,546 168,916 2,497,354 1,377,464 1,119,890
2,230,538 2,565,682 335,144 (1,181,354) 51,154 1,232,508
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
‐ ‐ ‐ ‐ ‐ ‐
2,693,900 2,693,900 ‐ 92,000 92,000 ‐
(6,299,500) (6,299,500) ‐ (1,873,000) (1,873,000) ‐
(3,605,600) (3,605,600) ‐ (1,781,000) (1,781,000) ‐
(1,375,062) (1,039,918) 335,144 (2,962,354) (1,729,846) 1,232,508
4,309,162 4,309,162 ‐ 3,537,354 3,537,354 ‐
2,934,100$ 3,269,244$ 335,144$ 575,000$ 1,807,508$ 1,232,508$
(1,039,918)$ (1,729,846)$
(15,658) (11,192)
‐ ‐
‐ ‐
1,130,000 ‐
‐ ‐
74,424$ (1,741,038)$
Government Facilities Impact Fees Law Enforcement Impact Fees
(Budgetary Basis)(Budgetary Basis)
127
Budget Actual Variance Budget Actual Variance
Revenues:
Taxes ‐$ ‐$ ‐$ ‐$ ‐$ ‐$
Licenses, permits and impact fees ‐ ‐ ‐ 2,000 6,985 4,985
Intergovernmental ‐ ‐ ‐ 100,000 ‐ (100,000)
Charges for services ‐ ‐ ‐ ‐ ‐ ‐
Fines and forfeitures ‐ ‐ ‐ ‐ ‐ ‐
Interest income 18,000 31,337 13,337 6,900 18,728 11,828
Special assessments ‐ ‐ ‐ 132,900 126,876 (6,024)
Miscellaneous ‐ ‐ ‐ ‐ 46 46
Total revenues 18,000 31,337 13,337 241,800 152,635 (89,165)
Expenditures:
Current:
General government ‐ ‐ ‐ 175,000 53,669 121,331
Public safety ‐ ‐ ‐ 14,853 6,990 7,863
Physical environment ‐ ‐ ‐ 1,101,579 1,013,083 88,496
Transportation ‐ ‐ ‐ ‐ ‐ ‐
Economic environment ‐ ‐ ‐ ‐ ‐ ‐
Human services ‐ ‐ ‐ ‐ ‐ ‐
Culture and recreation 10,923 20,330 (9,407) 715,248 108,793 606,455
Debt service ‐ ‐ ‐ ‐ ‐ ‐
Capital outlay 2,999,296 ‐ 2,999,296 457,202 191,214 265,988
Total expenditures 3,010,219 20,330 2,989,889 2,463,882 1,373,749 1,090,133
Excess (deficit) of revenues
over (under) expenditures (2,992,219) 11,007 3,003,226 (2,222,082) (1,221,114) 1,000,968
Other financing sources (uses):
Notes issued ‐ ‐ ‐ ‐ ‐ ‐
Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐
Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐
Transfers in ‐ ‐ ‐ 1,578,900 1,533,407 (45,493)
Transfers out ‐ ‐ ‐ (6,800) (4,192) 2,608
Total other financing sources (uses) ‐ ‐ ‐ 1,572,100 1,529,215 (42,885)
Net change in fund balances (2,992,219) 11,007 3,003,226 (649,982) 308,101 958,083
Fund balances at beginning of year 2,993,119 2,993,119 ‐ 1,346,182 1,346,182 ‐
Fund balances at end of year 900$ 3,004,126$ 3,003,226$ 696,200$ 1,654,283$ 958,083$
Reconciliation:
Net change in fund balance, budgetary basis 11,007$ 308,101$
Change in fair value of investments (13,741) (8,135)
Ad valorem refunds not budgeted ‐ ‐
Change in inventory ‐ ‐
Advances budgeted as transfers ‐ ‐
Unbudgeted funds ‐ ‐
Net change in fund balance, GAAP basis (2,734)$ 299,966$
See accompanying independent auditors' report
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, 2017
Other Capital Projects
(Budgetary Basis)
128
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 1,701,022$ 2,187,916$ 3,888,938$
Receivables:
Trade, net 60,599 67,243 127,842
Interest 2,092 4,804 6,896
Due from other funds 7,472 18,761 26,233
Inventory 90,341 ‐ 90,341
Restricted assets:
Cash and investments 54,241 191,166 245,407
Due from other governments 494,091 1,083,562 1,577,653
Total current assets 2,409,858 3,553,452 5,963,310
Noncurrent assets:
Capital assets:
Land and nondepreciable capital assets 3,112,625 6,374,639 9,487,264
Depreciable capital assets, net 30,613,976 17,795,769 48,409,745
Total noncurrent assets 33,726,601 24,170,408 57,897,009
Total assets 36,136,459 27,723,860 63,860,319
Deferred outflows of resources related to pensions 246,842 79,824 326,666
LIABILITIES
Current liabilities:
Accounts payable 156,182 412,477 568,659
Wages payable 27,140 15,255 42,395
Due to other funds 8,900 300 9,200
Due to other governments 3,622 ‐ 3,622
Unearned revenues 46,750 ‐ 46,750
Compensated absences 31,975 8,915 40,890
Net pension liability 7,203 1,901 9,104
Liabilities payable from restricted assets:
Accounts payable 56,273 534,003 590,276
Retainage payable ‐ 91,143 91,143
Due to other governments ‐ 50,234 50,234
Refundable deposits 9,826 ‐ 9,826
Unearned revenue 27,847 ‐ 27,847
Total current liabilities 375,718 1,114,228 1,489,946
Noncurrent liabilities:
Compensated absences 7,994 2,228 10,222
Total OPEB liability 56,956 15,188 72,144
Net pension liability 645,253 200,800 846,053
Total noncurrent liabilities 710,203 218,216 928,419
Total liabilities 1,085,921 1,332,444 2,418,365
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 49 13 62
Deferred inflows of resources related to pensions 36,027 10,535 46,562
Total deferred inflows of resources 36,076 10,548 46,624
NET POSITION
Net investment in capital assets 33,693,054 24,076,053 57,769,107
Restricted for grants and other purposes 454,386 693,703 1,148,089
Unrestricted 1,113,864 1,690,936 2,804,800
Total net position 35,261,304$ 26,460,692$ 61,721,996$
See accompanying independent auditors' report
DEFERRED OUTFLOWS OF RESOURCES
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
NONMAJOR ENTERPRISE FUNDS
SEPTEMBER 30, 2017
ASSETS
130
Total
Collier Nonmajor
Airport Area Enterprise
Authority Transit Funds
Operating revenues:
Charges for services 3,696,751$ 1,133,193$ 4,829,944$
Miscellaneous 36,620 133,982 170,602
Total operating revenues 3,733,371 1,267,175 5,000,546
Operating expenses:
Personal services 999,805 349,382 1,349,187
Operating 2,410,355 9,129,600 11,539,955
Depreciation 1,514,603 1,911,589 3,426,192
Total operating expenditures 4,924,763 11,390,571 16,315,334
Operating loss (1,191,392) (10,123,396) (11,314,788)
Non‐operating revenues:
Operating grants and contributions ‐ 4,450,120 4,450,120
Interest income 5,486 11,473 16,959
Gain on disposal of capital assets 14,003 8,533 22,536
Total non‐operating revenues 19,489 4,470,126 4,489,615
Loss before contributions and transfers (1,171,903) (5,653,270) (6,825,173)
Capital grants and contributions 1,605,092 913,193 2,518,285
Transfers in 300,259 4,715,733 5,015,992
Transfers out (13,667) ‐ (13,667)
Total transfers and contributions 1,891,684 5,628,926 7,520,610
Changes in net position 719,781 (24,344) 695,437
Net position ‐ beginning 34,600,780 26,496,887 61,097,667
Restatement of net position due to
implementation of GASB 75 (59,257) (11,851) (71,108)
Net position ‐ as restated 34,541,523 26,485,036 61,026,559
Net position ‐ ending 35,261,304$ 26,460,692$ 61,721,996$
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, 2017
131
Total
Collier Nonmajor
Airport Area Enterprise
Authority Transit Funds
Cash flows from operating activities:
Cash received for services 3,692,721$ 1,220,040$ 4,912,761$
Cash payments for goods and services (1,994,140) (7,052,114) (9,046,254)
Cash payments to employees (959,778) (307,434) (1,267,212)
Cash payments for interfund services (313,859) (2,247,167) (2,561,026)
Net cash provided by (used for) operating activities 424,944 (8,386,675) (7,961,731)
Cash flows from non‐capital financing activities:
Cash received from operating grants ‐ 6,585,733 6,585,733
Cash transfers from other funds 1,247,408 7,211,651 8,459,059
Cash transfers to other funds (1,363,045) (2,622,312) (3,985,357)
Net cash provided by (used for) non‐capital financing activities (115,637) 11,175,072 11,059,435
Cash flows from capital and related financing activities:
Proceeds from disposal of capital assets 40,515 21,368 61,883
Proceeds from capital grants 2,133,919 629,469 2,763,388
Payments for capital acquisitions (2,286,040) (2,186,018) (4,472,058)
Net cash used for capital and related financing activities (111,606) (1,535,181) (1,646,787)
Cash flows from investing activities:
Interest on investments 4,931 9,916 14,847
Net cash provided by investing activities 4,931 9,916 14,847
Net increase in cash and investments 202,632 1,263,132 1,465,764
Cash and investments, October 1, 2016 1,552,631 1,115,950 2,668,581
Cash and investments, September 30, 2017 1,755,263$ 2,379,082$ 4,134,345$
Cash and investments 1,701,022$ 2,187,916$ 3,888,938$
Cash and investments ‐ restricted 54,241 191,166 245,407
Cash and investments, September 30, 2017 1,755,263$ 2,379,082$ 4,134,345$
Operating loss (1,191,392)$ (10,123,396)$ (11,314,788)$
Adjustments to reconcile operating loss to net cash provided by (used for) operating activities:
Depreciation expense 1,514,603 1,911,589 3,426,192
Net changes in assets and liabilities:
Trade receivable (41,801) (47,737) (89,538)
Due from other funds ‐ 33,795 33,795
Due from other governments ‐ 1,047 1,047
Inventory (18,644) ‐ (18,644)
Accounts payable 121,000 (129,209) (8,209)
Wages payable 454 7,153 7,607
Due to other funds ‐ (74,712) (74,712)
Due to other governments 139 ‐ 139
Compensated absences 5,395 2,140 7,535
Unearned revenue 1,012 ‐ 1,012
Total OPEB liability and related deferred outflows/inflows (2,252) 3,350 1,098
Net pension liability and related deferred outflows/inflows 36,430 29,305 65,735
Total adjustments 1,616,336 1,736,721 3,353,057
Net cash provided by (used for) operating activities 424,944$ (8,386,675)$ (7,961,731)$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (4,197)$ (8,237)$ (12,434)$
Contributed capital assets ‐ 283,724 283,724
Change in capital related grant receivable (583,288) (890,820) (1,474,108)
Capital related accounts payable 33,547 3,212 36,759
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
NONMAJOR ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
132
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 43,921,649$ 9,833,874$ 655,291$ 4,589,775$ 2,383,946$ 61,384,535$
Receivables:
Trade, net 3,786 1,319 ‐ ‐ ‐ 5,105
Interest 95,791 11,351 995 9,744 5,369 123,250
Due from other funds 16,943 ‐ 48,493 ‐ ‐ 65,436
Due from other governments ‐ ‐ 94,365 ‐ ‐ 94,365
Inventory ‐ ‐ 332,249 ‐ ‐ 332,249
Prepaid costs ‐ ‐ ‐ ‐ 45,000 45,000
Total current assets 44,038,169 9,846,544 1,131,393 4,599,519 2,434,315 62,049,940
Noncurrent assets:
Capital assets:
Depreciable capital assets, net 204,207 ‐ 9,899,973 5,413,039 2,601,915 18,119,134
Total noncurrent assets 204,207 ‐ 9,899,973 5,413,039 2,601,915 18,119,134
Total assets 44,242,376 9,846,544 11,031,366 10,012,558 5,036,230 80,169,074
Deferred outflows of resources related to pensions 342,592 ‐ 629,625 3,139 1,127,002 2,102,358
LIABILITIES
Current liabilities:
Accounts payable 258,643 ‐ 598,217 558,721 559,729 1,975,310
Wages payable 36,501 ‐ 86,347 2,864 130,598 256,310
Due to other funds ‐ ‐ ‐ ‐ 47,940 47,940
Unearned revenues 9,284 ‐ ‐ ‐ ‐ 9,284
Self‐insurance claims payable 3,510,602 2,660,000 ‐ ‐ ‐ 6,170,602
Compensated absences 78,965 ‐ 124,953 5,914 194,334 404,166
Net pension liability 6,703 ‐ 13,426 480 20,609 41,218
Total current liabilities 3,900,698 2,660,000 822,943 567,979 953,210 8,904,830
Noncurrent liabilities:
Self‐insurance claims payable 2,314,157 ‐ ‐ ‐ ‐ 2,314,157
Compensated absences 19,741 ‐ 31,238 1,479 48,583 101,041
Total OPEB liability 53,159 ‐ 106,318 3,797 163,274 326,548
Net pension liability 835,131 ‐ 1,516,773 53,682 2,720,836 5,126,422
Total noncurrent liabilities 3,222,188 ‐ 1,654,329 58,958 2,932,693 7,868,168
Total liabilities 7,122,886 2,660,000 2,477,272 626,937 3,885,903 16,772,998
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 46 ‐ 92 3 141 282
Deferred inflows of resources related to pensions 41,429 ‐ 78,144 2,345 132,533 254,451
Total deferred inflows of resources 41,475 ‐ 78,236 2,348 132,674 254,733
NET POSITION
Net investment in capital assets 204,207 ‐ 9,899,973 4,854,318 2,600,142 17,558,640
Unrestricted 37,216,400 7,186,544 (794,490) 4,532,094 (455,487) 47,685,061
Total net position 37,420,607$ 7,186,544$ 9,105,483$ 9,386,412$ 2,144,655$ 65,243,701$
See accompanying independent auditors' report
DEFERRED OUTFLOWS OF RESOURCES
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
SEPTEMBER 30, 2017
ASSETS
134
Sheriff's Motor Pool
Self‐Self‐Fleet Capital Information
Insurance Insurance Management Recovery Technology Total
Operating revenues:
Charges for services 48,269,362$ 27,393,382$ 7,457,044$ 2,423,100$ 7,293,451$ 92,836,339$
Miscellaneous 43,260 ‐ 20,113 ‐ 942 64,315
Total operating revenues 48,312,622 27,393,382 7,477,157 2,423,100 7,294,393 92,900,654
Operating expenses:
Personal services 1,331,168 ‐ 2,489,217 151,506 4,437,788 8,409,679
Operating 43,327,040 26,007,107 5,595,153 ‐ 2,623,317 77,552,617
Depreciation 30,563 ‐ 589,618 816,017 1,393,532 2,829,730
Total operating expenditures 44,688,771 26,007,107 8,673,988 967,523 8,454,637 88,792,026
Operating income (loss)3,623,851 1,386,275 (1,196,831) 1,455,577 (1,160,244) 4,108,628
Non‐operating revenues:
Interest income 258,159 36,909 3,091 30,437 12,460 341,056
Insurance reimbursement 668,866 ‐ ‐ 39,158 ‐ 708,024
Gain on disposal of capital assets 3 ‐ (3,503) 276,970 686 274,156
Total non‐operating revenues 927,028 36,909 (412) 346,565 13,146 1,323,236
Income (loss) before contributions
and transfers 4,550,879 1,423,184 (1,197,243) 1,802,142 (1,147,098) 5,431,864
Capital grants and contributions ‐ ‐ ‐ ‐ 2,039 2,039
Transfers in ‐ ‐ ‐ 2,794,600 50,000 2,844,600
Transfers out (1,635,600) ‐ ‐ ‐ ‐ (1,635,600)
Total transfers and contributions (1,635,600) ‐ ‐ 2,794,600 52,039 1,211,039
Changes in net position 2,915,279 1,423,184 (1,197,243) 4,596,742 (1,095,059) 6,642,903
Net position ‐ beginning as previously stated 33,298,405 3,150,497 10,413,339 4,789,670 3,417,485 55,069,396
Restatement of net position due to
implementation of GASB 75 1,206,923 2,612,863 (110,613) ‐ (177,771) 3,531,402
Net position ‐ beginning as restated 34,505,328 5,763,360 10,302,726 4,789,670 3,239,714 58,600,798
Net position ‐ ending 37,420,607$ 7,186,544$ 9,105,483$ 9,386,412$ 2,144,655$ 65,243,701$
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, 2017
135
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 40,950,664$ 26,400,000$ 7,170,817$ 2,423,100$ 7,294,393$ 84,238,974$
Cash received from employees for services 6,739,491 ‐ ‐ ‐ ‐ 6,739,491
Cash received from other governments for services ‐ ‐ 225,190 ‐ ‐ 225,190
Cash received from retirees for services 632,119 994,704 ‐ ‐ ‐ 1,626,823
Cash payments on behalf of retirees (1,049,933) ‐ ‐ ‐ ‐ (1,049,933)
Cash payments for goods and services (41,555,325) (25,726,110) (5,019,828) ‐ (2,416,967) (74,718,230)
Cash payments to employees (1,290,850) ‐ (2,373,933) (84,081) (4,122,876) (7,871,740)
Cash payments for interfund services (422,259) ‐ (235,183) ‐ (68,635) (726,077)
Net cash provided by (used for) operating activities 4,003,907 1,668,594 (232,937) 2,339,019 685,915 8,464,498
Cash flows from non‐capital financing activities:
Cash transfers from other funds ‐ 2,000 ‐ 2,794,600 621,700 3,418,300
Cash transfers to other funds (1,635,600) (3,554,292) ‐ ‐ (571,700) (5,761,592)
Net cash provided by (used for) non‐capital
financing activities (1,635,600) (3,552,292) ‐ 2,794,600 50,000 (2,343,292)
Cash flows from capital and related financing activities:
Receipts from insurance reimbursements 668,866 ‐ ‐ 39,158 ‐ 708,024
Proceeds from disposal of capital assets 3 ‐ 15,038 276,970 686 292,697
Payments for capital acquisitions ‐ ‐ (146,928) (3,179,037) (779,741) (4,105,706)
Net cash provided by (used for) capital and
related financing activities 668,869 ‐ (131,890) (2,862,909) (779,055) (3,104,985)
Cash flows from investing activities:
Interest on investments 228,121 34,451 2,947 24,338 10,170 300,027
Net cash provided by investing activities 228,121 34,451 2,947 24,338 10,170 300,027
Net increase (decrease) in cash and investments 3,265,297 (1,849,247) (361,880) 2,295,048 (32,970) 3,316,248
Cash and investments, October 1, 2016 40,656,352 11,683,121 1,017,171 2,294,727 2,416,916 58,068,287
Cash and investments, September 30, 2017 43,921,649$ 9,833,874$ 655,291$ 4,589,775$ 2,383,946$ 61,384,535$
Operating income (loss)3,623,851$ 1,386,275$ (1,196,831)$ 1,455,577$ (1,160,244)$ 4,108,628$
Adjustments to reconcile operating income (loss) to net cash provided by operating activities:
Depreciation expense 30,563 ‐ 589,618 816,017 1,393,532 2,829,730
Net changes in assets and liabilities:
Trade receivable 994 1,319 ‐ ‐ ‐ 2,313
Due from other funds 9,847 ‐ (7,553) ‐ ‐ 2,294
Due from other governments 3,005 ‐ (73,597) ‐ ‐ (70,592)
Inventory ‐ ‐ 35,307 ‐ ‐ 35,307
Prepaid costs 51,108 ‐ ‐ ‐ (1,288) 49,820
Accounts payable (56,179) ‐ 304,849 ‐ 91,063 339,733
Wages payable (3,157) ‐ 13,366 2,864 3,479 16,552
Due to other funds ‐ ‐ ‐ ‐ 47,940 47,940
Due to other governments ‐ ‐ (14) ‐ ‐ (14)
Compensated absences (16,788) ‐ (26) 7,393 (5,788) (15,209)
Unearned revenue (1,189) ‐ ‐ ‐ ‐ (1,189)
Self‐insurance claims payable 301,589 281,000 ‐ ‐ ‐ 582,589
Total OPEB liability and related deferred
outflows/inflows (2,101) ‐ (4,203) 3,800 (14,356) (16,860)
Net pension liability and related deferred
outflows/inflows 62,364 ‐ 106,147 53,368 331,577 553,456
Total adjustments 380,056 282,319 963,894 883,442 1,846,159 4,355,870
Net cash provided by operating activities 4,003,907$ 1,668,594$ (232,937)$ 2,339,019$ 685,915$ 8,464,498$
Non‐cash investing, capital and financing activities:
Change in fair value of investments (198,105)$ ‐$ (2,505)$ (23,574)$ (9,623)$ (233,807)$
Contributed capital assets ‐ ‐ ‐ ‐ 2,039 2,039
Capital related accounts payable ‐ ‐ ‐ 558,721 1,773 560,494
See accompanying independent auditors' report
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
136
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 21,158,645$ 565,455$ 6,271,609$ 5,961,531$ 165,448$ 34,122,688$
Receivables:
Interest ‐ ‐ ‐ 12,361 416 12,777
Other 10 3,156 50,324 ‐ ‐ 53,490
Total assets 21,158,655$ 568,611$ 6,321,933$ 5,973,892$ 165,864$ 34,188,955$
LIABILITIES
Due to other governments 989,426$ 50,460$ 6,284,876$ ‐$ ‐$ 7,324,762$
Due to individuals ‐ 518,151 37,057 ‐ ‐ 555,208
Refundable deposits 20,169,229 ‐ ‐ 5,973,892 ‐ 26,143,121
Due to special assessment holders ‐ ‐ ‐ ‐ 165,864 165,864
Total liabilities 21,158,655$ 568,611$ 6,321,933$ 5,973,892$ 165,864$ 34,188,955$
See accompanying independent auditors' report
ASSETS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF FIDUCIARY NET POSITION
AGENCY FUNDS
SEPTEMBER 30, 2017
138
Balance Balance
October 1 Additions Deductions September 30
Clerk of Courts Agency Fund
Assets:
Cash and investments 25,203,051$ 143,863,312$ 147,907,718$ 21,158,645$
Receivable:
Other ‐ 10 ‐ 10
Total assets 25,203,051$ 143,863,322$ 147,907,718$ 21,158,655$
Liabilities:
Due to other governments 1,094,183$ 6,109,724$ 6,214,481$ 989,426$
Refundable deposits 24,108,868 137,753,598 141,693,237 20,169,229
Total liabilities 25,203,051$ 143,863,322$ 147,907,718$ 21,158,655$
Sheriff Agency Fund
Assets:
Cash and investments 628,987$ 565,455$ 628,987$ 565,455$
Receivable:
Other 1,618 3,156 1,618 3,156
Total assets 630,605$ 568,611$ 630,605$ 568,611$
Liabilities:
Due to other governments 61,919$ 50,460$ 61,919$ 50,460$
Due to individuals 568,686 518,151 568,686 518,151
Total liabilities 630,605$ 568,611$ 630,605$ 568,611$
Tax Collector Agency Fund
Assets:
Cash and investments 6,657,055$ 1,024,334,767$ 1,024,720,213$ 6,271,609$
Receivable:
Other 27,270 4,725,634 4,702,580 50,324
Total assets 6,684,325$ 1,029,060,401$ 1,029,422,793$ 6,321,933$
Liabilities:
Due to other governments 6,631,195$ 1,350,679,933$ 1,351,026,252$ 6,284,876$
Due to individuals 53,130 43,134,076 43,150,149 37,057
Total liabilities 6,684,325$ 1,393,814,009$ 1,394,176,401$ 6,321,933$
Deposits Agency Fund
Assets:
Cash and investments 6,002,530$ 704,241$ 745,240$ 5,961,531$
Receivables:
Interest 9,068 12,361 9,068 12,361
Total assets 6,011,598$ 716,602$ 754,308$ 5,973,892$
Liabilities:
Refundable deposits 6,011,598$ 680,480$ 718,186$ 5,973,892$
Total liabilities 6,011,598$ 680,480$ 718,186$ 5,973,892$
(Continued)
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
139
Balance Balance
October 1 Additions Deductions September 30
Assets:
Cash and investments 164,351$ 2,004$ 907$ 165,448$
Receivables:
Interest 325 415 324 416
Total assets 164,676$ 2,419$ 1,231$ 165,864$
Liabilities:
Due to special assessment holders 164,676$ 2,420$ 1,232$ 165,864$
Total liabilities 164,676$ 2,420$ 1,232$ 165,864$
Total ‐ All Agency Funds
Assets:
Cash and investments 38,655,974$ 1,169,469,779$ 1,174,003,065$ 34,122,688$
Receivables:
Interest 9,393 12,776 9,392 12,777
Other 28,888 4,728,800 4,704,198 53,490
Total assets 38,694,255$ 1,174,211,355$ 1,178,716,655$ 34,188,955$
Liabilities:
Due to other governments 7,787,297$ 1,356,840,117$ 1,357,302,652$ 7,324,762$
Due to individuals 621,816 43,652,227 43,718,835 555,208
Refundable deposits 30,120,466 138,434,078 142,411,423 26,143,121
Due to special assessment holders 164,676 2,420 1,232 165,864
Total liabilities 38,694,255$ 1,538,928,842$ 1,543,434,142$ 34,188,955$
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, 2017
Pine Ridge and Naples Production Park Agency Fund
140
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 21,687$ 26,648$ 119,636$ 44,745$ 212,716$
Total assets 21,687$ 26,648$ 119,636$ 44,745$ 212,716$
NET POSITION
Net position ‐ unrestricted 21,687$ 26,648$ 119,636$ 44,745$ 212,716$
Total Net Position 21,687$ 26,648$ 119,636$ 44,745$ 212,716$
See accompanying independent auditors' report
ASSETS
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF NET POSITION
COMPONENT UNITS
SEPTEMBER 30, 2017
142
Net (Expense)
Revenue and Changes
Program Revenues in Net Position
Fees, Fines and Governmental
Expenses Charges for Services Activities
Industrial Development Authority 2,850$ 2,550$ (300)$
Health Facilities Authority 62,734 50 (62,684)
Housing Finance Authority 3,911 50 (3,861)
Educational Facilities Authority 12,850 50 (12,800)
Total 82,345$ 2,700$ (79,645)
General revenues:
Interest income 73
Total general revenues 73
Change in net position (79,572)
Net position ‐ beginning 292,288
Net position ‐ ending 212,716$
See accompanying independent auditors' report
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
Functions/Programs
COLLIER COUNTY, FLORIDA
COMBINING STATEMENT OF ACTIVITIES
COMPONENT UNITS
143
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
2017 2017
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 2017
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, 2017
146
STATISTICAL SECTION (UNAUDITED)
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 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 148
Change in net position 150
Governmental activities tax revenues by source 152
Fund balances of governmental funds 153
Changes in fund balance of governmental funds 154
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 156
Property tax rates – All direct and overlapping governments 157
Principal tax payers County‐wide 158
Property tax levies and collections 159
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 160
Legal debt margin information 161
Direct, overlapping and underlying governmental activities debt 161
Pledged‐revenue coverage 162
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 163
Principal employers 164
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 165
Operating indicators by function 166
Capital Asset statistics by function/program 167
2017 2016 2015 2014 2013 2012
Governmental Activities:
Net investment in capital assets 1,257,685$ 1,225,520$ 1,217,176$ 1,207,751$ 1,198,971$ 1,187,298$
Restricted 336,922 327,968 298,360 223,526 221,501 226,934
Unrestricted (24,011) 2,478 13,109 169,633 152,790 147,188
Total governmental activities net position 1,570,596$ 1,555,966$ 1,528,645$ 1,600,910$ 1,573,262$ 1,561,420$
Business‐type Activities:
Net investment in capital assets 741,912$ 723,000$ 714,239$ 705,065$ 668,160$ 650,684$
Restricted 32,619 35,760 31,511 29,749 34,379 34,199
Unrestricted 168,602 169,287 165,128 185,420 196,050 194,389
Total business‐type activities net position 943,133$ 928,047$ 910,878$ 920,234$ 898,589$ 879,272$
Primary Government:
Net investment in capital assets 1,999,597$ 1,948,520$ 1,931,415$ 1,912,816$ 1,867,131$ 1,837,982$
Restricted 369,541 363,728 329,871 253,275 255,880 261,133
Unrestricted 144,591 171,765 178,237 355,053 348,840 341,577
Total primary government net position 2,513,729$ 2,484,013$ 2,439,523$ 2,521,144$ 2,471,851$ 2,440,692$
Fiscal Year
COLLIER COUNTY, FLORIDA
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
(unaudited)
148
2011 2010 2009 2008
1,172,121$ 1,169,052$ 1,131,617$ 1,032,553$
253,977 232,571 240,247 295,012
147,080 189,911 192,442 199,031
1,573,178$ 1,591,534$ 1,564,306$ 1,526,596$
643,777$ 635,702$ 653,320$ 658,865$
38,002 37,795 31,227 30,165
177,939 169,514 149,422 113,761
859,718$ 843,011$ 833,969$ 802,791$
1,815,898$ 1,804,754$ 1,784,937$ 1,691,418$
291,979 270,366 271,474 325,177
325,019 359,425 341,864 312,792
2,432,896$ 2,434,545$ 2,398,275$ 2,329,387$
Fiscal Year
149
2017 2016 2015 2014 2013 2012
Expenses
Governmental activities:
General government 108,388$ 104,188$ 93,644$ 92,176$ 95,941$ 94,227$
Public safety 225,360 205,347 174,874 177,267 171,210 165,782
Transportation 75,589 70,560 70,296 71,623 69,275 73,000
Culture and recreation 51,889 49,526 45,117 41,630 41,453 42,507
Other activities 41,899 48,256 45,621 39,171 43,067 51,057
Interest on long‐term debt 11,294 12,077 12,912 12,674 16,129 16,412
Total governmental activities expenses 514,419$ 489,954$ 442,464$ 434,541$ 437,075$ 442,985$
Business‐type activities:
Water and Sewer 144,850$ 130,792$ 122,858$ 112,643$ 114,041$ 102,642$
Solid Waste 43,664 39,271 36,411 33,787 32,760 29,618
Emergency Medical Services 28,644 26,529 24,094 23,208 21,545 21,792
Airport Authority 4,905 4,402 4,771 3,764 4,439 4,601
Mass Transit 11,354 11,333 10,416 10,306 10,111 9,925
Total business‐type activities expenses 233,417 212,327 198,550 183,708 182,896 168,578
Total primary government expenses 747,836$ 702,281$ 641,014$ 618,249$ 619,971$ 611,563$
Program Revenues
Governmental activities:
Charges for services:
General government 33,377$ 35,184$ 34,240$ 34,662$ 36,080$ 31,388$
Public safety 24,240 25,276 25,227 21,765 19,735 16,743
Transportation 2,024 4,880 1,094 959 1,045 880
Culture and recreation 8,192 8,393 8,685 7,943 8,416 9,126
Other activities 1,467 1,230 4,237 2,661 3,667 4,941
Operating Grants and Contributions 26,539 26,387 35,521 31,444 20,921 22,892
Capital Grants and Contributions 38,124 36,818 29,986 28,945 28,280 20,279
Total governmental activities program revenues 133,963 138,168 138,990 128,379 118,144 106,249
Business‐type activities:
Charges for services:
Water and Sewer 135,045 123,856 116,645 107,924 109,176 103,042
Solid Waste 45,209 41,918 39,121 35,368 34,585 34,275
Emergency Medical Services 11,812 13,161 12,327 9,922 10,335 10,249
Airport Authority 3,734 3,073 3,350 2,589 3,021 2,805
Mass Transit 1,267 1,225 1,719 1,641 1,450 1,360
Operating Grants and Contributions 5,025 4,435 5,142 3,077 3,914 2,948
Capital Grants and Contributions 26,993 25,367 21,165 30,662 24,953 17,818
Total business‐type activities program revenues 229,085 213,035 199,469 191,183 187,434 172,497
Total primary government program revenues 363,048 351,203 338,459 319,562 305,578 278,746
Net (expense)/revenue:
Governmental activities (380,456) (351,786) (303,474) (306,162) (318,931) (336,736)
Business‐type activities (4,332) 708 919 7,475 4,538 3,919
Total primary government net expense (384,788)$ (351,078)$ (302,555)$ (298,687)$ (314,393)$ (332,817)$
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property taxes 312,633$ 281,136$ 259,779$ 244,404$ 249,352$ 248,232$
Gas taxes 21,799 20,478 19,547 18,556 18,229 18,525
Sales taxes 41,799 40,659 38,573 35,786 32,168 29,713
Tourist taxes 21,961 21,838 21,188 19,137 16,183 14,898
Other taxes 7,478 7,280 7,322 7,840 9,403 9,997
State revenue sharing 11,602 11,100 10,589 9,657 8,792 8,233
Interest income 3,574 4,891 5,069 2,599 1,496 2,430
Miscellaneous 9,714 5,976 17,510 13,333 9,063 7,397
Special item ‐ registry bond ‐‐ ‐‐ ‐ ‐
Transfers, net (14,793) (14,250) (14,192) (13,185) (13,912) (14,447)
Total governmental activities 415,767$ 379,108$ 365,385$ 338,127$ 330,774$ 324,978
Business‐type Activities:
Interest income 1,379 2,011 2,209 1,301 712 1,106
Miscellaneous 126 200 94 68 154 82
Transfers, net 14,793 14,250 14,192 13,184 13,912 14,447
Total business‐type activities 16,298 16,461 16,495 14,553 14,778 15,635
Total primary government 432,065$ 395,569$ 381,880$ 352,680$ 345,552$ 340,613$
Change in Net Position
Governmental activities 35,311$ 27,322$ 61,911$ 31,965$ 11,843$ (11,758)$
Business‐type activities 11,966 17,169 17,414 22,028 19,316 19,554
Total primary government 47,277$ 44,491$ 79,325$ 53,993$ 31,159$ 7,796$
Fiscal Year
(unaudited)
COLLIER COUNTY, FLORIDA
CHANGE IN NET POSITION
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
150
2011 2010 2009 2008
103,045$ 100,483$ 113,906$ 112,720$
173,286 179,276 182,962 183,288
81,383 76,603 64,601 65,980
44,205 46,871 45,727 43,435
39,991 40,937 45,367 49,135
19,797 19,475 20,492 21,446
461,707$ 463,645$ 473,055$ 476,004$
104,333$ 103,272$ 90,042$ 85,503$
28,000 27,416 30,774 30,024
22,657 23,073 22,478 22,935
4,458 4,382 3,895 5,082
10,187 9,617 8,974 9,419
169,635 167,760 156,163 152,963
631,342$ 631,405$ 629,218$ 628,967$
33,919$ 29,281$ 32,257$ 36,468$
15,554 16,385 11,940 12,545
715 829 3,101 3,936
9,093 8,267 9,830 8,429
2,296 1,557 1,620 7,541
19,503 31,884 21,948 20,202
19,347 25,762 24,867 52,303
100,427 113,965 105,563 141,424
105,858 101,062 104,927 100,030
33,769 33,568 32,922 36,495
8,980 10,759 9,114 8,941
2,938 2,519 2,353 3,547
1,290 1,145 1,101 1,074
4,378 4,448 3,235 4,393
14,307 10,385 18,147 23,333
171,520 163,886 171,799 177,813
271,947 277,851 277,362 319,237
(361,280) (349,680) (367,492) (334,580)
1,885 (3,874) 15,636 24,850
(359,395)$ (353,554)$ (351,856)$ (309,730)$
261,630$ 299,389$ 313,290$ 327,245$
18,311 18,415 18,456 18,860
28,364 26,927 26,779 30,004
13,884 12,857 12,345 14,796
10,155 10,039 12,241 4,051
8,310 7,854 7,927 8,976
3,888 4,665 11,455 33,730
11,498 8,022 12,066 10,642
‐ ‐ 3,239 (3,288)
(13,117) (11,259) (12,596) (28,348)
342,923 376,909 405,202 416,668
1,609 1,569 2,395 5,716
96 88 551 77
13,117 11,259 12,596 28,348
14,822 12,916 15,542 34,141
357,745$ 389,825$ 420,744$ 450,809$
(18,357)$ 27,229$ 37,710$ 82,088$
16,707 9,042 31,178 58,991
(1,650)$ 36,271$ 68,888$ 141,079$
Fiscal Year
151
Fiscal Property Gas Sales Tourist Other
Year Tax Tax Tax Tax Taxes (1) Total
2008 327,245$ 18,860$ 30,004$ 14,796$ 4,051$ 394,956$
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
(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)
152
2009 2008
General fund
Reserved 8,962$ 6,602$
Unreserved 38,924 61,953
Total general fund 47,886$ 68,555$
All other governmental funds
Reserved 105,991$ 142,728$
Unreserved, reported in:
Special revenue funds 114,208 128,966
Debt service funds 1,587 1,951
Capital projects funds 140,544 160,736
Total all other governmental funds 362,330$ 434,381$
2017 2016 2015 2014 2013 2012 2011 2010
General fund (1)
Nonspendable 3,386$ 3,675$ 3,546$ 19,843$ 15,744$ 12,914$ 11,805$ 9,460$
Restricted 2,440 264 345 125 96 110 ‐ ‐
Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Assigned 1,598 1,674 1,299 850 813 952 1,114 2,182
Unassigned 54,805 53,961 55,002 57,781 56,497 57,091 54,459 59,705
Total general fund 62,229$ 59,574$ 60,192$ 78,599$ 73,150$ 71,067$ 67,378$ 71,347$
All other governmental funds
Nonspendable 2,385$ 3,055$ 3,112$ 53,544$ 46,049$ ‐$ ‐$ 107,626$
Restricted 328,447 324,334 293,281 242,981 223,700 209,352 229,546 232,699
Committed 32,759 26,069 25,663 27,349 29,810 47,406 48,445 48,764
Assigned 33,822 28,644 30,800 28,391 36,364 80,771 79,556 34,215
Unassigned ‐ (89) (514) (62,085) (55,212) (48,944) (40,258) 23,192
Total all other governmental funds 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)
153
2017 2016 2015 2014 2013 2012
Revenues:
Taxes 355,885$ 322,915$ 300,341$ 282,315$ 285,765$ 284,124$
Licenses, permits and impact fees 59,217 61,033 51,319 40,631 35,168 30,436
Intergovernmental 86,656 83,949 92,818 89,392 83,667 79,402
Charges for services 34,008 38,362 37,172 35,149 32,435 30,739
Fines and forfeitures 2,263 2,708 2,866 3,252 3,712 4,205
Interest income 3,233 4,440 4,606 2,393 1,406 2,197
Special assessments 4,350 3,746 3,132 2,922 2,924 3,035
Miscellaneous 8,705 6,600 16,063 11,553 4,833 4,664
Total revenues 554,317 523,753 508,317 467,607 449,910 438,802
Expenditures:
Current:
General government 89,193 84,599 78,147 73,739 75,725 73,812
Public safety 197,762 177,375 167,788 163,169 153,566 151,858
Physical environment 12,465 15,283 16,157 11,276 13,790 22,870
Transportation 41,003 36,011 36,992 38,789 37,170 42,176
Economic environment 8,199 11,061 9,159 9,265 14,436 14,393
Human services 15,058 14,038 13,151 12,367 12,254 10,988
Culture and recreation 42,889 40,886 37,523 34,114 33,744 34,253
Debt service:
Principal 21,439 20,743 20,039 18,510 25,125 31,602
Interest 11,908 12,713 13,555 14,177 17,565 18,149
Redemption of debt 5,588 ‐‐‐‐ ‐
Payment to refunding bond escrow ‐‐‐ 2,086 132 ‐
Other fiscal charges 48 19 21 173 2,165 1,082
Capital outlay 80,495 67,198 62,186 63,613 61,278 49,406
Total expenditures 526,047 479,926 454,718 441,278 446,950 450,589
Excess (deficit) of revenues
over (under) expenditures 28,270 43,827 53,599 26,329 2,960 (11,787)
Other financing sources (uses):
Bonds issued ‐$‐$‐$89,780$ 73,805$ 131,525$
Notes issued 5,293 ‐‐‐‐ ‐
Premiums on bonds issued ‐‐‐‐ 2,082 17,192
Payment to refunding escrow ‐‐‐ (89,622) (73,747) (150,550)
Capital leases ‐‐ 1,915 ‐236
Loans issued ‐‐‐‐‐
Sale of capital assets 155 306 595 314 233 313
Insurance proceeds 339 796 379 316 300 270
Transfers in 117,833 121,654 196,026 97,854 90,637 91,524
Transfers out (133,834) (137,530) (208,760) (110,052) (102,061) (103,738)
Total other financing sources (uses)(10,214) (14,774) (9,845) (11,410) (8,751) (13,228)
Special item ‐ registry bond ‐‐‐‐‐ ‐
Net change in fund balances 18,056$ 29,053$ 43,754$ 14,919$ (5,791)$ (25,015)$
Debt service as a percentage of noncapital
expenditures 7.50% 8.11% 8.56% 9.25% 11.66% 12.67%
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)
154
2011 2010 2009 2008
296,640$ 333,554$ 348,780$ 357,656$
23,695 28,920 25,950 54,052
74,453 86,445 69,883 77,452
27,855 27,122 35,928 40,699
3,882 5,730 5,916 3,786
3,602 4,306 11,256 33,580
2,725 2,848 2,853 2,942
10,565 6,380 11,344 10,667
443,417 495,305 511,910 580,834
79,499 82,409 95,689 96,898
160,890 165,017 168,592 175,743
14,251 9,974 10,608 9,314
50,741 43,677 41,171 48,253
7,841 11,122 12,125 12,619
13,075 12,116 11,277 12,855
35,745 37,569 37,212 36,456
36,493 34,274 48,085 43,080
20,933 20,340 21,498 21,816
‐ ‐ ‐ ‐
‐ ‐ ‐ ‐
434 891 116 165
38,726 69,809 176,681 285,809
458,628 487,198 623,054 743,008
(15,211) 8,107 (111,144) (162,174)
24,620$ 59,895$ 13,244$ 6,215$
‐ ‐ ‐ ‐
2,050 844 ‐ 31
(26,593) (59,893) ‐ ‐
‐ ‐ ‐ ‐
‐ ‐ 13,500 69,391
70 248 301 245
384 310 753 208
107,167 105,394 143,275 144,824
(118,037) (114,905) (155,888) (163,075)
(10,339) (8,107) 15,185 57,839
‐ ‐ 3,239 (3,288)
(25,550)$ ‐$ (92,720)$ (107,623)$
13.78% 13.30% 15.61% 14.23%
Fiscal Year
155
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 Value
1
2008 88,819,491$ 2,321,048$ 226$ 8,575,874$ 82,564,891$ 4.1064 91,140,765$ 100%
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 4.1562 93,515,929 100%
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)
156
Collier County
Special Debt County
Fiscal General Revenue Service School Independent
Year Fund Funds Funds Total District Districts Total
2008 3.1469 0.7362 0.2233 4.1064 5.3510 1.2792 10.7366
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 0.6030 0.0293 4.1968 5.1220 1.1832 10.5020
Sources: Property Appraiser Recapitulation Report
Collier County Adopted Budget
Basis for property tax rates is 1 mill per $1,000 of assessed value. Property is assessed as of January 1 and taxes
based on those assessments are levied according to the tax rate in effect that tax year and become due on
November 1. Therefore, assessments and levies applicable to a certain tax year are collected in the fiscal year
ending during the following calendar year.
Other
COLLIER COUNTY, FLORIDA
PROPERTY TAX RATES ‐ ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
(unaudited)
157
Property Percent of Property Percent of
Taxes Total Taxes Total
Owner/Taxpayer Levied Rank Taxes Levied Levied Rank Taxes Levied
Florida Power & Light Company 2,793,975$ 1 0.29%2,417,987$ 1 0.26%
HHR Naples LLC 1,847,154 2 0.19%1,665,595 2 0.19%
The Moorings, Inc.1,262,515 3 0.13%765,781 9 0.09%
Marco Hotel, LLC 1,187,242 4 0.12%‐ ‐
PR Mercato LLP 1,156,071 5 0.12%‐ ‐
CC‐Naples Inc 954,948 6 0.10%953,906 5 ‐
Lee County Electric Co‐Op, Inc.882,758 7 0.09%‐ ‐
Coastland Center, LLC 727,790 8 0.08%923,227 7 ‐
Wal‐Mart Stores East LP 723,006 9 0.08%680,599 10 ‐
Randall D. Bellestri Liv Trust 683,200 10 0.07%‐ ‐
Century Link ‐‐ 1,299,028 3 0.15%
City National Bank of Miami ‐‐ 983,659 4 0.12%
Collier HMA, Inc.‐‐ 952,328 6 0.00%
Naples HMA, Inc.‐‐ 920,995 8 0.00%
Total 12,218,657$ 1.27%11,563,105$ 0.80%
Total Property Taxes Levied 953,364,493$ 922,849,721$
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
2017 2008
COLLIER COUNTY, FLORIDA
PRINCIPAL TAXPAYERS COUNTY‐WIDE
2017 TAX ROLL
(unaudited)
158
Fiscal Year Total Tax
Ended Levy for Collections in
September 30 Fiscal Year Amount Percentage of Levy Subsequent Years Amount Percentage of Levy
2008 343,906$ 325,722$ 94.7% 1,191$ 326,913$ 95.1%
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%
Source: Tax Collector Annual Report
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)
159
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
Income1 Capita1
2008 29,100$ 409,043$ 103,461$ 752$ 158,709$ 103,903$ 618$ 805,586$ 4.48% 2,522$
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
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)
160
The Constitution of the State of Florida, Florida Statute 200.181 and Collier County set no legal debt limit.
Estimated Estimated
Percentage Share of
Debt Applicable Based Overlapping
Outstanding on Population (1) Debt
Direct Debt (2):
Limited General Obligation Bonds 2,499,190$ 100.00% 2,499,190$
Gas Tax Bonds (3) 96,800,405 100.00%96,800,405
Special Obligation Bonds (3) 209,501,809 100.00%209,501,809
Capital Leases (3) 315,801 100.00% 315,801
Notes Payable (3) 5,072,089 100.00% 5,072,089
Subtotal, Direct Debt 314,189,294 314,189,294
Overlapping Debt:
N/A ‐0.00%‐
Underlying Debt:
City of Naples (4)6,986,000 6.05%422,653
City of Marco Island (5)9,780,866 4.95%484,153
City of Everglades (6)‐0.11%‐
Subtotal, Underlying Debt 16,766,866 906,806
Total Direct, Overlapping and Underlying Debt 330,956,160$ 315,096,100$
(1) Population numbers obtained from www.florida‐demographics.com/cities_by_population.
(2) Outstanding debt amounts do not include bond premiums.
(3) Totals consist of more than one issuance.
(4) Governmental activities debt outstanding amount obtained from the City of Naples.
(5) Governmental activities debt outstanding amount obtained from the City of Marco Island.
(6) Governmental activities debt outstanding amount obtained from the City of Everglades.
(unaudited)
(unaudited)
COLLIER COUNTY, FLORIDA
DIRECT, OVERLAPPING AND UNDERLYING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2017
LEGAL DEBT MARGIN INFORMATION
AS OF SEPTEMBER 30, 2017
161
Legally
Gas Available
Fiscal Tax Non‐Ad Valorem
Year Collections Principal Interest Coverage Collections(5) Principal Interest Coverage
2008 18,860$ 6,490$ 8,089$ 1.29 ‐$‐$‐$ N/A
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
Water/ Sewer Less:Net
Fiscal Charges Operating Available
Year and Other(1) Expenses(2) Revenue Principal Interest Coverage(3)
2008 105,416$ 49,707$ 55,709$ 4,745$ 7,527$ 4.54
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
(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
162
Per Capita
Fiscal Personal Personal Median School Unemployment
Year Population(1) Income(2) Income(3) Age(4) Enrollment(5) Rate(6)
2008 332,854 17,990,169,000$ 57,446$ 44.8 42,721 5.5%
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%
Sources:
(1)www.colliergov.net/your-government/divisions-a-e/comprehensive-planning/population-and-demographi
(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
163
Percent of Percent of
Total County Total County
Employer Employees Rank Employment Employees Rank Employment
Collier County Public Schools 5,523 1 3.86%6,685 1 5.59%
NCH Healthcare System 4,315 2 3.02%3,007 2 2.52%
Collier County Government (excl. Sheriff)2,270 3 1.59%2,984 3 2.50%
Arthex, Inc 2,250 4 1.57%‐ ‐
Collier County Sheriff's Office 1,405 5 0.98%1,273 6 1.07%
Publix Supermarkets 1,247 6 0.87%2,214 4 1.85%
Ritz Carlton Hotel 1,100 7 0.77%‐ ‐
Seminole Casino ‐ Immokalee 1,000 8 0.70%‐‐
JW Marriott ‐ Marco Island 870 9 0.61%743 7 0.62%
Naples Grande Beach Resort (1)235 10 0.16%605 9 0.51%
Other employers 122,901 85.88%101,978 85.35%
Totals 143,116 100.00%119,489 100.00%
(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)
2017 2008
164
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Function:
General government 1,351 1,262 1,217 1,216 1,203 1,222 1,219 1,252 1,342 1,398
Public safety 1,112 1,124 1,096 1,072 1,061 1,061 1,062 1,053 1,064 1,085
Physical environment 73 70 69 67 67 69 66 66 69 74
Transportation 219 211 192 187 187 199 213 234 257 281
Economic environment 29 26 27 28 26 28 27 22 22 20
Human services 58 56 56 53 51 50 50 54 55 56
Culture and recreation 324 304 298 294 289 293 293 308 328 363
Water and Sewer 410 384 342 340 342 344 344 335 335 358
Solid Waste 31 28 27 28 29 27 27 27 27 27
Emergency Medical Services 194 193 193 172 172 172 172 183 185 201
Airport Authority 15 15 14 14 16 16 16 16 16 15
Collier Area Transit 4 4 3 3 3 3 1 1 1 1
Total 3,820 3,677 3,534 3,474 3,446 3,484 3,490 3,551 3,701 3,879
(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
165
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Function:
Police:
Physical arrests 8,269 9,359 9,347 11,277 11,277 11,297 20,180 13,310 15,671 20,226
Parking violations 1,068 867 931 964 1,182 1,175 1,479 1,283 1,297 843
Traffic violations 15,473 14,462 16,355 19,868 22,211 19,237 19,680 22,051 28,308 49,831
Fire:
Fires reported **31 82 37 52 46 468 498 533 586
Emergency responses (exclude fires) **839 1,093 1,080 1,024 764 569 825 760 756
Number of calls answered 795 870 1,175 1,117 1,076 810 1,037 1,323 1,293 1,342
Transportation:
Collier Area Transit ridership 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 1,166,358
Street resurfacing (lane miles)38 34 34 80 78 142 131 85 97 52
Culture and recreation:
Beach parking stickers issued 149,490 139,828 134,051 181,878 122,415 114,778 312,144 98,093 132,218 80,542
Library circulation 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 3,000,394
Water:
New connections 1,951 2,023 2,204 1,878 1,417 1,189 921 909 704 553
Wastewater:
Average daily sewage treatment 18,555 17,864 17,090 17,150 16,954 15,834 14,747 14,326 13,769 15,558
(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
166
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Function:
Public Safety:
Police stations 7 7 7 7 7 7 7 7 7 7
Patrol units 270 274 276 276 275 275 275 275 275 275
Fire:
Fire stations 4 4 4 4 3 3 3 3 3 2
Highways and streets:
Streets (miles)1,161 1,159 1,149 1,151 1,184 1,184 1,184 1,184 1,184 1,184
Streetlights 5,074 5,182 4,958 4,958 4,868 4,781 4,759 4,701 4,485 3,767
Traffic signals 374 365 360 370 353 297 295 283 283 224
Culture and recreation:
Parks acreage 1,521 1,521 1,521 1,521 1,521 1,520 1,511 1,473 1,473 1,440
Parks 61 61 61 61 61 61 60 59 59 56
Swimming pools 8 8 8 8 8 8 8 8 8 7
Tennis courts 45 45 45 45 45 45 45 45 45 45
Community centers 9 9 9 8 8 8 8 8 8 8
Libraries 10 10 10 10 10 10 10 10 10 9
Number of volumes in libraries 557,188 567,248 605,408 683,237 692,229 673,131 741,389 797,823 797,978 647,484
Water:
Number of customers 66,010 61,830 59,443 57,548 55,878 54,190 53,181 51,796 51,499 51,136
Water mains (miles)1,067 1,015 986 925 888 888 886 886 886 870
Maximum daily capacity (per million gallons) 32,243 33,877 31,376 30,460 30,120 29,988 29,616 28,368 33,340 30,956
Wastewater:
Sanitary sewers (miles)1,085 1,021 1,028 1,030 1,081 1,116 1,115 1,095 1,081 1,053
Primary and secondary drainage facilities 289 294 306 306 305 305 303 303 303 303
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
167
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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
CliftonLarsonAllen LLP
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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, 2017, and the related notes to the financial statements, which
collectively comprise the County’s basic financial statements, and have issued our report thereon dated
March 16, 2018.
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.
171
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 result of that testing, and not to provide an opinion on the effectiveness of the
County’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 County’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Naples, Florida
March 16, 2018
172
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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, 2017. 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.
173
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, 2017.
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 major 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 of 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 and 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 were not identified. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
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 result 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
March 16, 2018
174
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
Department of Agriculture
Direct Programs:
Rural Business‐Cooperative Service:
Rural Business Development Grant 10.351 RO87213 53185 98,935$ ‐$
Indirect Programs:
Florida Department of Agriculture and Consumer Services:
Child Nutrition Cluster:
Summer Food Service Program for Children 10.559 018588 82,880 ‐
Total Child Nutrition Cluster 82,880 ‐
Total Department of Agriculture 181,815 ‐
Department of Housing and Urban Development
Direct Programs:
Office of Community Planning and Development:
CDBG ‐ Entitlement Grants Cluster:
Community Development Block Grants/Entitlement Grants 14.218 B‐01‐UC‐12‐0016 11,643 11,643
Community Development Block Grants/Entitlement Grants 14.218 B‐02‐UC‐12‐0016 84,181 84,181
Community Development Block Grants/Entitlement Grants 14.218 B‐04‐UC‐12‐0016 7,472 ‐
Community Development Block Grants/Entitlement Grants 14.218 B‐05‐UC‐12‐0016 92,427 92,427
Community Development Block Grants/Entitlement Grants 14.218 B‐06‐UC‐12‐0016 149,001 149,001
Community Development Block Grants/Entitlement Grants 14.218 B‐07‐UC‐12‐0016 56,682 56,682
Community Development Block Grants/Entitlement Grants 14.218 B‐08‐UC‐12‐0016 88,739 88,739
Community Development Block Grants/Entitlement Grants 14.218 B‐08‐UN‐12‐0003 304,395 ‐
Community Development Block Grants/Entitlement Grants 14.218 B‐09‐UC‐12‐0016 10,679 10,679
Community Development Block Grants/Entitlement Grants 14.218 B‐10‐UC‐12‐0016 12,478 12,478
Community Development Block Grants/Entitlement Grants 14.218 B‐11‐UC‐12‐0016 100,704 100,704
Community Development Block Grants/Entitlement Grants 14.218 B‐11‐UN‐12‐0003 7,590 ‐
Community Development Block Grants/Entitlement Grants 14.218 B‐12‐UC‐12‐0016 91,505 91,505
Community Development Block Grants/Entitlement Grants 14.218 B‐13‐UC‐12‐0016 77,370 68,365
Community Development Block Grants/Entitlement Grants 14.218 B‐14‐UC‐12‐0016 126,587 126,587
Community Development Block Grants/Entitlement Grants 14.218 B‐15‐UC‐12‐0016 619,483 614,063
Community Development Block Grants/Entitlement Grants 14.218 B‐16‐UC‐12‐0016 635,776 177,821
Total CFDA 2,476,712 1,684,875
Total CDBG ‐ Entitlement Grants Cluster 2,476,712 1,684,875
Emergency Solutions Grant Program 14.231 E‐13‐UC‐12‐0024 19,537 ‐
Emergency Solutions Grant Program 14.231 E‐15‐UC‐12‐0016 83,963 34,678
Emergency Solutions Grant Program 14.231 E‐16‐UC‐12‐0016 147,343 84,570
Total CFDA 250,843 119,248
Shelter Plus Care 14.238 FL0394C4D061000 49,999 49,999
Home Investment Partnerships Program 14.239 M‐13‐UC‐12‐0217 25,161 ‐
Home Investment Partnerships Program 14.239 M‐14‐UC‐12‐0217 127,133 ‐
Home Investment Partnerships Program 14.239 M‐15‐UC‐12‐0217 157,603 ‐
Home Investment Partnerships Program 14.239 M‐16‐UC‐12‐0217 49,946 ‐
Total CFDA 359,843 ‐
Total Department of Housing and Urban Development 3,137,397 1,854,122
(Continued)
See accompanying notes to the schedule of expenditures of federal awards and state projects.
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
175
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
Department of the Interior
Direct Programs:
Office of the Secretary:
Payments in Lieu of Taxes 15.226 Collier County 1,357,453$ ‐$
Fish and Wildlife Service:
National Wildlife Refuge Fund 15.659 Collier County 186,104 ‐
Total Department of the Interior 1,543,557 ‐
Department of Justice
Direct Programs:
Office of Community Oriented Policing Services:
Public Safety Partnership and Community Policing Grants 16.710 2012ULWX0008 133,902 ‐
Public Safety Partnership and Community Policing Grants 16.710 2013ULWX0047 105,971 ‐
Total CFDA 239,873 ‐
Criminal Division:
Equitable Sharing Program 16.922 Collier County Sheriff 137,232 ‐
Bureau of Justice Assistance:
Edward Byrne Memorial Justice Assistance Grant Program 16.738 2015‐DJ‐BX‐0731 35,682 ‐
Edward Byrne Memorial Justice Assistance Grant Program 16.738 2016‐DJ‐BX‐0846 34,175 ‐
Indirect Programs:
Florida Department of Law Enforcement:
Edward Byrne Memorial Justice Assistance Grant Program 16.738 2017‐JAGC‐COLL‐1‐F9‐136 71,853 ‐
Total CFDA 141,710 ‐
Florida Department of Legal Affairs:
Crime Victim Assistance 16.575 VOCA‐2016‐Collier County Sheriff's ‐00222 167,089 ‐
Total Department of Justice 685,904 ‐
Department of Transportation
Direct Programs:
Federal Aviation Administration (FAA):
Airport Improvement Program 20.106 3‐12‐0031‐009‐2016 106,862 ‐
Airport Improvement Program 20.106 3‐12‐0031‐010‐2016 61,488 ‐
Airport Improvement Program 20.106 3‐12‐0142‐011‐2016 438,561 ‐
Total CFDA 606,911 ‐
Federal Transit Administration (FTA):
Federal Transit Cluster:
Federal Transit Capital Investment Grants 20.500 FL‐03‐0264‐00 1,628 ‐
Federal Transit Formula Grants 20.507 FL‐90‐X766‐00 21,148 ‐
Federal Transit Formula Grants 20.507 FL‐90‐X816‐00 79,315 ‐
Federal Transit Formula Grants 20.507 FL‐90‐X853‐00 912,065 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X076‐00 114,467 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X085‐00 84,210 ‐
Federal Transit Formula Grants 20.507 FL‐95‐X086‐00 31,424 ‐
Federal Transit Formula Grants 20.507 FL‐2016‐056‐00 335,021 ‐
Federal Transit Formula Grants 20.507 FL‐2017‐035‐00 1,027,504 ‐
Federal Transit Formula Grants 20.507 FL‐2017‐044‐00 106,444 ‐
Federal Transit Formula Grants 20.507 1032‐2017‐2 99,230 ‐
Total CFDA 2,810,828 ‐
Total Federal Transit Cluster 2,812,456 ‐
(Continued)
176
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
Indirect Programs:
Florida Department of Transportation:
Highway Planning and Construction Cluster:
Highway Planning and Construction 20.205 G0258 899,122$ ‐$
Highway Planning and Construction 20.205 G0D41 226,000 ‐
Highway Planning and Construction 20.205 G0A31 260,976 ‐
Highway Planning and Construction 20.205 G0870 291,773 ‐
Highway Planning and Construction 20.205 G0B81 383,916 ‐
Highway Planning and Construction 20.205 G0L51 33,950 ‐
Highway Planning and Construction 20.205 G0L53 70,103 ‐
Highway Planning and Construction 20.205 G0L54 57,748 ‐
Highway Planning and Construction 20.205 G0L55 35,512 ‐
Highway Planning and Construction 20.205 G0L59 21,838 ‐
Highway Planning and Construction 20.205 G0B56 420,073 ‐
Total CFDA 2,701,011 ‐
Total Highway Planning and Construction Cluster 2,701,011 ‐
Metropolitan Transportation Planning and State and
Non‐Metropolitan Planning and Research 20.505 G0581 29,580 ‐
Formula Grants for Rural Areas 20.509 G0738 364,276 ‐
Transit Services Programs Cluster:
Enhanced Mobility of Seniors and Individuals with Disabilities 20.513 FL‐16‐0040 252,759 ‐
Enhanced Mobility of Seniors and Individuals with Disabilities 20.513 FL‐16‐0041 8,917 ‐
Total CFDA 261,676 ‐
Total Transit Services Programs Cluster 261,676 ‐
Total Department of Transportation 6,775,910 ‐
U.S. Election Assistance Commission
Indirect Programs:
Florida Department of State:
Help America Vote Act Requirements Payments 90.401 MOA # 2016‐2017‐0001‐CLL 46,975 ‐
Total U.S. Election Assistance Commission 46,975 ‐
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 203.16 113,719 ‐
Special Programs for the Aging, Title III, Part B, Grants for
Supportive Services and Senior Centers 93.044 OAA 203.17 329,830 ‐
Total CFDA 443,549 ‐
Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 OAA 203.16 151,741 ‐
Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 OAA 203.17 435,183 ‐
Total CFDA 586,924 ‐
Nutrition Services Incentive Program 93.053 NSIP 203.16 14,121 ‐
Nutrition Services Incentive Program 93.053 OAA 203.17 33,659 ‐
Total CFDA 47,780 ‐
Total Aging Cluster 1,078,253 ‐
(Continued)
177
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
National Family Caregiver Support, Title III, Part E 93.052 OAA 203.16 41,391$ ‐$
National Family Caregiver Support, Title III, Part E 93.052 OAA 203.17 103,616 ‐
Total CFDA 145,007 ‐
Florida Department of Revenue:
Child Support Enforcement 93.563 COC11 193,410 ‐
Total Department of Health and Human Services 1,416,670 ‐
Corporation for National and Community Service
Direct Programs:
Retired and Senior Volunteer Program 94.002 15SRSFL015 51,380 ‐
Total Corporation for National and Community Service 51,380 ‐
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 13‐DB‐73‐09‐21‐02‐530 532,849 ‐
Emergency Management Performance Grants 97.042 17‐FG‐P9‐09‐21‐01‐085 94,246 ‐
Homeland Security Grant Program 97.067 16‐DS‐T9‐09‐21‐01‐302 76,916 ‐
Homeland Security Grant Program 97.067 17‐DS‐V4‐09‐21‐23‐283 180,489 ‐
Total CFDA 257,405 ‐
Total Department of Homeland Security 884,500 ‐
14,724,108$ 1,854,122$
(Continued)
TOTAL EXPENDITURES OF FEDERAL AWARDS
178
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
Direct Projects:
Emergency Management Programs 31.063 17‐BG‐83‐09‐21‐01‐018 69,589$ ‐$
Emergency Management Programs 31.063 18‐BG‐W9‐09‐21‐01‐189 12,004 ‐
Total Florida Executive Office of the Governor 81,593 ‐
Direct Projects:
Beach Management Funding Assistance Program 37.003 14CO1 982,846 ‐
Beach Management Funding Assistance Program 37.003 16CO1 28,567 ‐
Total CSFA 1,011,413 ‐
Statewide Surface Water Restoration and Wastewater Projects 37.039 S0859 664,449 ‐
Total Florida Department of Environmental Protection 1,675,862 ‐
Florida Housing Finance Corporation
Direct Projects:
40.901 Collier County FY 2015‐2016 534,721 ‐
40.901 Collier County FY 2016‐2017 131,901 ‐
Total CSFA 666,622 ‐
State Housing Initiatives Partnership (SHIP) Program 52.901 Collier County FY 2014‐2015 1,048,825 93,349
Total Florida Housing Finance Corporation 1,715,447 93,349
Direct Projects:
State Aid to Libraries 45.030 15‐ST‐08 185,701 ‐
Total Florida Department of State and Secretary of State 185,701 ‐
Direct Projects:
Florida Highway Beautification Grant Program ‐ Keep Florida
Beautiful 55.003 G0741 100,000 ‐
Aviation Grant Programs 55.004 AR865 52 ‐
Aviation Grant Programs 55.004 G0594 85,663 ‐
Aviation Grant Programs 55.004 G0599 106,635 ‐
Aviation Grant Programs 55.004 G0615 152,896 ‐
Aviation Grant Programs 55.004 G0E50 617,071 ‐
Aviation Grant Programs 55.004 G0E60 3,416 ‐
Aviation Grant Programs 55.004 G0E63 5,937 ‐
Total CSFA 971,670 ‐
Public Transit Block Grant Program 55.010 AQQ16 841,782 ‐
Public Transit Service Development Program 55.012 AQQ85 161,371 ‐
Public Transit Service Development Program 55.012 ARJ84 184,322 ‐
Public Transit Service Development Program 55.012 G0G64 27,768 ‐
Total CSFA 373,461 ‐
Transportation Regional Incentive Program (TRIP)55.026 ARF43 1,903,927 ‐
Transportation Regional Incentive Program (TRIP)55.026 G0B39 1,812,387 ‐
Total CSFA 3,716,314 ‐
Alligator Alley Mile Marker 63 Fire Station 55.036 ARF81 843,730 ‐
(Continued)
Florida Department of State and Secretary of State
Florida Department of Transportation
Florida Department of Environmental Protection
State Housing Initiatives Partnership Program (SHIP)
State Housing Initiatives Partnership Program (SHIP)
Florida Executive Office of the Governor
179
CFDA / FEDERAL AWARD IDENTIFICATION /
CSFA GRANT / CONTRACT TRANSFERS TO
NUMBER NUMBER EXPENDITURES SUBRECIPIENTS
COLLIER COUNTY, FLORIDA
SCHEDULE OF EXPENDITURES OF
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FEDERAL PROGRAM / STATE PROJECT
FEDERAL / STATE AGENCY
PASS‐THROUGH ENTITY
Indirect Projects:
Commission for the Transportation Disadvantaged:
Florida Commission for the Transportation Disadvantaged (CTD)
Trip and Equipment Grant Program 55.001 G0B09 579,740$ ‐$
Florida Commission for the Transportation Disadvantaged (CTD)
Trip and Equipment Grant Program 55.001 G0M34 107,362 ‐
Total CSFA 687,102 ‐
Florida Commission for the Transportation Disadvantaged (CTD)
Planning Grant Program 55.002 G0C36 21,122 ‐
Florida Commission for the Transportation Disadvantaged (CTD)
Planning Grant Program 55.002 G0N23 6,419 ‐
Total CSFA 27,541 ‐
Total Florida Department of Transportation 7,561,600 ‐
Florida Department of Children and Families
Direct Projects:
Criminal Justice, Mental Health, and Substance Abuse
Reinvestment Grant Program 60.115 LHZ46 286,704 263,235
Criminal Justice, Mental Health, and Substance Abuse
Reinvestment Grant Program 60.115 LHZ54 45,929 37,600
Total Florida Department of Children and Families 332,633 300,835
Florida Department of Health
Direct Projects:
County Grant Awards 64.005 C5011 8,010 ‐
Total Florida Department of Health 8,010 ‐
Indirect Projects:
Area Agency on Aging for Southwest Florida, Inc.:
Home Care for the Elderly 65.001 HCE 203.16 9,263 ‐
Home Care for the Elderly 65.001 HCE 203.17 7,698 ‐
Total CSFA 16,961 ‐
Alzheimer's Respite Services 65.004 ADI 203.16 270,707 ‐
Alzheimer's Respite Services 65.004 ADI 203.17 87,757 ‐
Total CSFA 358,464 ‐
Community Care for the Elderly 65.010 CCE 203.16 636,656 ‐
Community Care for the Elderly 65.010 CCE 203.17 208,475 ‐
Total CSFA 845,131 ‐
Total Florida Department of Elder Affairs 1,220,556 ‐
Florida Fish and Wildlife Conservation Commission
Direct Projects:
Bear Resistant Equipment 77.034 Collier County 4,529 ‐
Total Florida Fish and Wildlife Conservation Commission 4,529 ‐
TOTAL EXPENDITURES OF STATE FINANCIAL ASSISTANCE 12,785,931$ 394,184$
Florida Department of Elder Affairs
180
COLLIER COUNTY, FLORIDA
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL
AWARDS AND STATE FINANCIAL ASSISTANCE
YEAR ENDED SEPTEMBER 30, 2017
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, 2017.
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 minimis cost rate allowed under the Uniform
Guidance.
181
COLLIER COUNTY, FLORIDA
Schedule of Findings and Questioned Costs
Federal Awards Programs and State Financial Assistance Projects
Year Ended September 30, 2017
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
14.218 CDBG Entitlements Grants Cluster
14.239 Home Investment Partnerships Program
20.205 Highway Planning and Construction Cluster
93.044, 93.045, 93.053 Aging Cluster
Dollar threshold used to distinguish between
Type A and Type B programs: $ 750,000
Auditee qualified as low-risk auditee? yes x no
182
COLLIER COUNTY, FLORIDA
Schedule of Findings and Questioned Costs
Federal Awards Programs and State Financial Assistance Projects
Year Ended September 30, 2017
Section I – Summary of Auditors’ Results (Continued)
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)? yes x no
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 Chapter 10.557? yes x no
Identification of Major State Projects
CSFA Number(s) Name of State Project
37.039 Statewide Surface Water Restoration and
Wastewater Project
40.901 State Housing Initiatives Partnership (SHIP)
Program
55.004 Aviation Grant Program
55.026 Transportation Regional Incentive Program
(TRIP)
60.115 Criminal Justice, Mental Health, and Substance
Abuse Reinvestment Grant Program
Dollar threshold used to distinguish between
Type A and Type B state projects: $ 383,578
183
COLLIER COUNTY, FLORIDA
Schedule of Findings and Questioned Costs
Federal Awards Programs and State Financial Assistance Projects
Year Ended September 30, 2017
Part II – Financial Statement Findings
Our audit did not disclose any matters required to be reported in accordance with Government
Auditing Standards.
Part III – Findings and Questioned Costs – Major Federal Programs
There were no findings required to be reported.
Part IV – Findings and Questioned Costs – Major State Projects
There were no findings required to be reported.
184
COLLIER COUNTY, FLORIDA
Summary Schedule of Prior Audit Findings
Year Ended September 30, 2017
Finding 2016-001
Corrective action was taken.
Finding 2016-002
Corrective action was taken.
185
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186
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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, 2017, and have issued our report thereon dated March 16, 2018.
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 March 16, 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. The status of prior year’s findings and recommendations are listed in
Appendix A.
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.
Annual Financial Report
Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require us to apply appropriate
procedures and report the results of our determination as to whether the annual financial report for the
County for the fiscal year ended September 30, 2017, filed with the Florida Department of Financial
Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial
audit report for the fiscal year ended September 30, 2017. In connection with our audit, we determined
that these two reports were in agreement.
Special District Component Units
Section 10.554(1)(i)5.d., 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.
2
Honorable Board of County Commissioners
Collier County, Florida
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
March 16, 2018
3
COLLIER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Appendix A – Status of Prior Year’s Findings and Recommendations
Year Ended September 30, 2017
Prior Year Findings and
Recommendations
Current Year Status
Cleared Partially Cleared Not Cleared
2016-001 Significant
Deficiency in
Internal Control
Over Compliance
and Other Matters
X
2016-002 Significant
Deficiency in
Internal Control
Over Compliance
and Other Matters
X
2016 Independent
Accountants’
Report
Noncompliance
with .Sections
365.172(10) and
365.172(2)(d),
Florida Statutes
X
4
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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, 2017. 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,
2017.
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
March 16, 2018
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ANNUAL DEBT REPORT (UNAUDITED)
Pursuant to the Collier County Debt Policy, the following Tables were prepared for the fiscal
year ended September 30, 2017.
Table 1. Calculation of Collier County General Governmental Debt Ratio
Table 2. Calculation of Collier County Enterprise Debt Ratios
Bondable revenues, as defined by Collier County Debt Policy:
Current Ad Valorem Taxes 312,100,185$
Governmental Impact Fees 35,098,606
Half Cent Sales Tax 41,798,943
Developmental Fees 25,587,760
State Revenue Sharing 11,091,933
5th Cent Local Option Gas Tax 5,945,974
6th Cent Local Option Gas Tax 7,817,673
Constitutional Gas Tax 4,436,414
Seventh Cent Gas Tax 1,953,725
Ninth Cent Gas Tax 1,644,802
Parks and Recreation Fees 6,885,243
Tourist Development Tax 21,961,389
Court Facilities Fees 737,223
Communications Services Tax 5,084,037
Total bondable revenues 482,143,907$
Fiscal 2017 governmental debt service requirements:
Series 2012 Gas Tax Bonds
Principal:2,835,000$
Interest:1,039,900
Series 2014 Gas Tax Bonds
Principal:7,360,000
Interest:1,899,300
Series 2010 Special Obligation Bonds
Principal:1,965,000
Interest:2,084,000
Series 2010B Special Obligation Bonds
Principal:2,140,000
Interest:577,800
Series 2011 Special Obligation Bonds
Principal:5,600,000
Interest:3,081,756
Series 2013 Special Obligation Bonds
Principal:‐
Interest:2,846,975
Total fiscal 2017 governmental debt service requirements 31,429,731$
Governmental debt ratio of fiscal year 2017 debt service requirements
to total bondable revenues (13.0% maximum allowed by County policy) 6.5%
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, 2017
1
Collier County Water and Sewer District:
Total Sales Revenues 132,020,703$
Miscellaneous Revenues 3,024,317
Total Operating Revenues 135,045,020
Non‐Operating Revenues 1,018,979
Gross Revenues 136,063,999
Less: Operation and Maintenance
Expense (excluding Depreciation and Amortization)99,251,690
Net Revenues Available for Debt Service (1)36,812,309$
Total Fiscal Year 2017 Debt Service on Bonds (2)6,720,696$
Net Revenues Debt Service Coverage on Bonded Debt
(100% Required) ‐ (1/2)548%
Other Pledged Funds:
System Development Fees (Impact Fees)12,457,065$
Total Pledged Funds Available for Debt Service (3) 49,269,374$
Total Fiscal Year 2017 Debt Service on Bonds (4) 6,720,696$
Total Pledged Funds Debt Service Coverage on Bonded Debt
(125% Required) ‐ (3/4)733%
Total Pledged Funds Available for Debt
Service After Payment of Bonds (5)42,548,678$
Total Fiscal Year 2017 Debt Service on
Subordinated Indebtedness (6)9,549,236$
Calculated Coverage on Subordinated Indebtedness ‐ (5/6)446%
Total Pledged Funds Available for System
Purposes 32,999,442$
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, 2017
2
Summary Debt Statement for Fiscal Year 2017
General Governmental Debt:
Collier County’s Debt Policy sets the maximum allowable governmental debt ratio at 13.0%, and the County
continues to operate below this self-imposed maximum. The Constitution of the State of Florida and the
Florida Statutes set no legal debt limit at the local level. 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 7.0%, for the fiscal year ended September 30, 2016, to 6.5% for
the fiscal year ended September 30, 2017, or half of the allowable ratio. The decrease in the debt ratio for
FY-2017 is primarily the result of a 7.7% increase in overall bondable revenues. Ad valorem tax revenues
increased by 11.2% over FY-2016 primarily due to a 10.0% increase in countywide taxable property values.
In addition, Half-Cent Sales Tax collections were 2.8% greater than FY-2016 and combined Gas Tax
collections were 6.4% greater than the previous year.
Recent debt restructurings coupled with the growth of general governmental revenues has produced several
consecutive years of decreases in the general governmental debt ratio, as shown in the chart below:
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
Annual Governmental Debt Ratio Maximum Allowable Governmental Debt Ratio
3
Governmental Debt Ratings Table:
Current Ratings (as of 2/28/2018) Fitch Moody’s Standard & Poor’s
Gas Tax Revenue Bonds AA- A2 A
Special Obligation Bonds AA Aa2 AAA
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 rating of Aa is an indication by Moody’s Investors Service of a high quality investment grade instrument
with very low credit risk. A rating of A is an indication by Moody’s 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.
The County’s Special Obligation Revenue Bonds are secured by 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’. The combined gas tax revenues are pledged for the
payment of all the Gas Tax Revenue Bonds. Fiscal year 2017 gas tax revenues covered the current year debt
service payments on all outstanding Gas Tax Revenue Bonds at 166%.
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 548% and total pledged funds coverage on bonded debt was 733% for FY-2017, down from 600% and
800%, respectively, for FY-2016. Bonded debt coverages decreased primarily due to a 17.5% increase in
operation and maintenance costs. A substantial portion of the increase in operating costs was due to Hurricane
Irma. The District’s calculated coverage on subordinated debt, all in the form of bank loan with Florida
Community Bank, increased from 415% to 446% primarily as a result of a decrease in debt service related to
subordinated debt. The total pledged funds coverage required by the subordinated loan agreements is
equivalent to the coverage required on senior lien bonded debt service but only on a subordinate basis.
4
In November of 2016, the Collier County Water and Sewer District issued the Series 2016B Water and Sewer
Refunding Revenue Note in the amount of $89,982,000. The note was issued on a subordinate basis for the
purpose of refunding the District’s outstanding State Revolving Fund Loans. The Series 2016B Note has a
fixed interest rate of 1.8% and the current refunding achieved a net present value savings of 4.2% on the
refunded loans.
Enterprise Debt Ratings Table:
Current Ratings (as of 2/28/2018) 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 rating of Aa is an indication by Moody’s Investors Service 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.
Water, wastewater and irrigation quality water user rates and miscellaneous revenues are used to recover
system operating, maintenance and capital costs as well as pay debt service. In September of 2014 the
District’s governing board approved phased rate increases. The District’s water and sewer user rates increased
by 9.0%, effective 10/01/2014 with subsequent increases of 5.0% effective 10/01/2015 and 10/01/2016. Over
recent years the District has operated on a pay as you go basis, avoided borrowing and maintained financial
stability. The District’s continuing focus is the optimization of resources and a risk based prioritization of
capital projects.
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 Government 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 System consists of approximately 3,700 water connections and 2,300
wastewater connections. 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 service
area was included in the Collier County Water-Sewer District service area.
5
Collier County, Florida
Clerk of the Circuit Court
Financial Statements and
Supplemental Reports
Year Ended September 30, 2017
Collier County, Florida
Clerk of the Circuit Court
Financial Statements and Other Reports
Year Ended September 30, 2017
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 .....................................................................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
CliftonLarsonAllen LLP
CLAconnect.com
1
INDEPENDENT AUDITORS’ REPORT
Honorable Dwight E. Brock
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, 2017, 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 Dwight E. Brock
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 for the
Clerk as of September 30, 2017, 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, 2017, 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.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Clerk’s financial statements. The combining statement, as listed in the table
of contents, is presented for purposes of additional analysis and is not a required part of the financial
statements. The combining statement is the responsibility of management and was derived from and
relates 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 statement is fairly stated in all material respects in relation to the financial statements as a
whole.
Honorable Dwight E. Brock
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 22,
2018, 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 result 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 the
Clerk’s internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
January 22, 2018
Collier County, Florida
Clerk of the Circuit Court
Balance Sheet – Governmental Funds
September 30, 2017
See accompanying Notes to Financial Statements.
4
Other Total
Court Special Governmental
General Services Revenue Funds
Assets
Cash and cash equivalents 1,932,596$ 967,852$ 4,328,248$ 7,228,696$
Accounts receivable 65,668 46,985 - 112,653
Allowance for doubtful accounts (54,255) (46,985) - (101,240)
Due from Collier County, Florida Board
of County Commissioners 14,142 - - 14,142
Due from other governments 9,009 190,301 - 199,310
Prepaid Expenses - - 7,575 7,575
Total assets 1,967,160$ 1,158,153$ 4,335,823$ 7,461,136$
Liabilities and fund balances
Liabilities:
Vouchers payable and accrued liabilities 620,851$ 252,233$ 60,418$ 933,502$
Due to Collier County, Florida Board of
County Commissioners 248,861 - - 248,861
Due to other governments - 889,500 - 889,500
Deposits 1,097,448 - - 1,097,448
Total liabilities 1,967,160 1,141,733 60,418 3,169,311
Fund balance:
Nonspendable - - 7,575 7,575
Restricted - 16,420 4,267,830 4,284,250
Total fund balance - 16,420 4,275,405 4,291,825
Total liabilities and fund balance 1,967,160$ 1,158,153$ 4,335,823$ 7,461,136$
Collier County, Florida
Clerk of the Circuit Court
Statement of Revenues, Expenditures, and
Changes in Fund Balance
Governmental Funds
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
5
Other Total
Court Special Governmental
General Services Revenue Funds
Revenues:
Intergovernmental -$ 629,086$ -$ 629,086$
Charges for services 3,164,214 5,463,687 1,315,132 9,943,033
Interest income 39,127 23,116 21,438 83,681
Total revenues 3,203,341 6,115,889 1,336,570 10,655,800
Expenditures:
General government:
Personal services 6,833,684 5,280,799 1,021,397 13,135,880
Operating 1,757,676 290,461 707,830 2,755,967
Capital outlay 562,174 - 157,806 719,980
Total expenditures 9,153,534 5,571,260 1,887,033 16,611,827
Excess (deficiency) of revenues
over (under) expenditures (5,950,193) 544,629 (550,463) (5,956,027)
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 6,194,900 - - 6,194,900
Transfers out:
Distribution of excess fees to State of
Florida - (528,209) - (528,209)
Distribution of excess appropriations to
Collier County, Florida Board of
County Commissioners (244,707) - - (244,707)
Total other financing sources (uses) 5,950,193 (528,209) - 5,421,984
Net change in fund balance - 16,420 (550,463) (534,043)
Fund balances – beginning of year - - 4,825,868 4,825,868
Fund balances – end of year -$ 16,420$ 4,275,405$ 4,291,825$
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, 2017
See accompanying Notes to Financial Statements.
6
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Charges for services 2,822,400$ 3,095,400$ 3,164,214$ 68,814$
Interest income 14,000 39,000 39,127 127
Total revenues 2,836,400 3,134,400 3,203,341 68,941
Expenditures:
General government:
Personal services 7,219,500 6,940,900 6,833,684 107,216
Operating expenditures 1,587,400 1,819,000 1,757,676 61,324
Capital outlay 224,400 569,400 562,174 7,226
Total expenditures 9,031,300 9,329,300 9,153,534 175,766
Excess (deficiency) of revenues over
(under) expenditures (6,194,900) (6,194,900) (5,950,193) 244,707
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 6,194,900 6,194,900 6,194,900 -
Transfers out:
Distribution of excess appropriations to
Collier County, Florida Board of County
Commissioners - - (244,707) (244,707)
Total other financing sources (uses) 6,194,900 6,194,900 5,950,193 (244,707)
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, 2017
See accompanying Notes to Financial Statements.
7
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Intergovernmental 219,000$ 219,000$ 629,086$ 410,086$
Charges for services 5,965,241 5,965,241 5,463,687 (501,554)
Interest income 5,000 5,000 23,116 18,116
Total revenues 6,189,241 6,189,241 6,115,889 (73,352)
Expenditures:
General government:
Personal services 5,762,141 5,691,941 5,280,799 411,142
Operating expenditures 427,100 497,300 290,461 206,839
Total expenditures 6,189,241 6,189,241 5,571,260 617,981
Excess of revenues over expenditures - - 544,629 544,629
Other financing (uses):
Transfers out:
Distribution of excess fees to State of Florida - - (528,209) (528,209)
Total other financing (uses) - - (528,209) (528,209)
Net change in fund balance - - 16,420 16,420
Fund balance – beginning of year - - - -
Fund balance – end of year -$ -$ 16,420$ 16,420$
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, 2017
See accompanying Notes to Financial Statements.
8
Variance
With Final
Budget
Positive
Original Final Actual (Negative)
Revenues:
Charges for services 1,469,000$ 1,469,000$ 1,315,132$ (153,868)$
Interest income 8,200 8,200 21,438 13,238
Total revenues 1,477,200 1,477,200 1,336,570 (140,630)
Expenditures:
General government:
Personal services 1,157,030 1,157,030 1,021,397 135,633
Operating expenditures 1,813,200 1,913,200 707,830 1,205,370
Capital outlay 1,382,500 1,356,824 157,806 1,199,018
Total expenditures 4,352,730 4,427,054 1,887,033 2,540,021
Net change in fund balance (2,875,530) (2,949,854) (550,463) 2,399,391
Fund balance – beginning of year 4,379,050 3,807,879 4,825,868 1,017,989
Fund balance – end of year 1,503,520$ 858,025$ 4,275,405$ 3,417,380$
Budget
Collier County, Florida
Clerk of the Circuit Court
Statement of Fiduciary Net Position
Agency Funds
September 30, 2017
See accompanying Notes to Financial Statements.
9
Assets
Cash and cash equivalents 21,158,645$
Due from Collier County, Florida
Board of County Commissioners 10
Total assets 21,158,655$
Liabilities
Due to the Collier County,
Florida Board of County Commissioners 220,512$
Due to other governments 768,914
Deposits 20,169,229
Total liabilities 21,158,655$
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2017
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 court-related surplus based on the settle up calculation 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, 2017
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 Section 28.35, 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) and Section 28.37(5), Florida Statutes, to be used exclusively for
funding court-related technology needs.
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, 2017
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, 2017
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, 2017
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 include the
spendable restricted category. Fund balances maintained in the special revenue funds include
amounts that 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. The State provided funding from the Court Trust Fund, since there was a projected revenue
deficit. For the year ended September 30, 2017, the Clerk had sufficient revenues to meet
expenditures.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2017
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, 2017, 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 7,600$ N/A
Demand deposits N/A 28,379,741 N/A
Total cash and cash equivalents 28,387,341$
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, 2017
16
3. Cash and Cash Equivalents (continued)
Cash and cash equivalents as of September 30, 2017 are reported as $7,228,696 and $21,158,645 in
the governmental funds and fiduciary funds, respectively.
Custodial Credit Risk
At September 30, 2017, 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, 2017
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 $39,127 is reported in the general fund for the year ended
September 30, 2017, as the portion of interest earned on Clerk funds.
5. Capital Assets
Capital assets used by the governmental fund type operations are capitalized in the basic financial
statements of Collier County, Florida rather than in the governmental funds of the Clerk. Upon
acquisition, such assets are recorded as expenditures in the governmental funds of the Clerk and are
capitalized at cost in the basic financial statements of Collier County, Florida. Capital assets are
valued at historical cost or estimated historical cost if actual historical cost is not available. Donated
capital assets are valued at their estimated fair value on the date received.
The Clerk maintains custodial responsibility for capital assets used by the office. No depreciation
expense has been provided on capital assets in these financial statements. However, depreciation
expense on these assets is recorded in the basic financial statements of Collier County, Florida.
The following is a summary of changes in capital assets, which are reported in the basic financial
statements of Collier County, Florida:
October 1, Transfer- September 30,
2016 Additions Deductions out 2017
Capital assets depreciated:
Machinery and equipment 7,263,336$ 719,980$ (672,903)$ (257,653)$ 7,052,760$
Less accumulated depreciation (5,585,298) (726,940) 672,903 239,948 (5,399,387)
Total capital assets depreciated 1,678,038 (6,960) - (17,705) 1,653,373
Total capital assets, net 1,678,038$ (6,960)$ -$ (17,705)$ 1,653,373$
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2017
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,
2016 Additions Deletions 2017
Accrued compensated absences 1,802,611$ 887,623$ (847,237)$ 1,842,997$
Of these liabilities, $847,779 is expected to be paid during the fiscal year ending September 30,
2017. 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, 2017
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, 2017
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, 2017
21
7. Pension Plans (continued)
Benefits Provided
For the fiscal year ended June 30, 2017, 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 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, 2017
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, 2017, 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, 2017,
2016, and 2015 were $802,245, $750,024, and $754,154, 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, 2017
23
8. Related Party Transactions
The Board provided funding for the Clerk in the amount of $6,194,900. The Supervisor of Elections
provided funding in the amount of a $47,000 fee for financial services performed by the Clerk. At
September 30, 2017, the Clerk had a payable due to the Board of $469,373, comprised as follows:
Distribution of excess fees 244,707$
Amounts due for various services 4,154
Agency funds due 220,512
Total due to Board of County Commissioners 469,373$
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, 2017, the Clerk was charged $2,331,567 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 $400,000 per covered member and has purchased outside
excess coverage for all claims exceeding this amount. An actuarial valuation is performed each year
to estimate the amounts needed to pay prior and future claims and to establish reserves.
Collier County, Florida
Clerk of the Circuit Court
Notes to Financial Statements
September 30, 2017
24
10. Other Postemployment Healthcare Benefits (OPEB) Plan
In accordance with Section 112.0801, Florida Statutes, the Clerk participates with Collier County in
offering retiring employees the opportunity to continue participation in the County’s health insurance
plan. The participating retirees pay 100% of the premium cost applicable to an active employee. The
liability and expense for other postemployment benefits, calculated in accordance with Governmental
Accounting Standards Board Statement No. 75 Accounting and Financial Reporting for
Postemployment Benefits Other Than Pensions, are reported in the financial statements of the
County.
11. Claims and Contingencies
Litigation
The Clerk is routinely involved as defendant, plaintiff and as a “party in interest” in carrying out its
statutorily and constitutionally assigned tasks. During the year ended September 30, 2017, the Clerk
was involved in approximately 108,081 collection cases. These are court actions designed to collect
fees and costs imposed by the courts in criminal cases. The Clerk was involved in 277 bond
forfeiture actions. Those cases involve collecting forfeitures of criminal appearance bonds. There are
7 active actions for foreclosure of property in which the Clerk has been a named defendant.
The Clerk has no other pending litigation.
Collier County, Florida
Clerk of the Circuit Court
Combining Statements of Fiduciary Net Position
All Agency Funds
September 30, 2017
25
Jury and
Clerk’s Court Ordinary
Agency Registry Witness Total
Assets
Cash and cash equivalents 4,843,502$ 16,309,274$ 5,869$ 21,158,645$
Due from Collier County, Florida
Board of County Commissioners 10 - - 10
Total assets 4,843,512$ 16,309,274$ 5,869$ 21,158,655$
Liabilities
Due to Collier County, Florida
Board of County Commissioners 220,512$ -$ -$ 220,512$
Due to other governments 763,045 - 5,869 768,914
Deposits 3,859,955 16,309,274 - 20,169,229
Total liabilities 4,843,512$ 16,309,274$ 5,869$ 21,158,655$
CliftonLarsonAllen LLP
CLAconnect.com
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 Dwight E. Brock
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, 2017, 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 22, 2018.
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 Dwight E. Brock
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 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 22, 2018
CliftonLarsonAllen LLP
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MANAGEMENT LETTER
Honorable Dwight E. Brock
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, 2017 and have issued our report thereon
dated January 22, 2018.
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 22, 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 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 Dwight E. Brock
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 22, 2018
CliftonLarsonAllen LLP
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30
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Dwight E. Brock, Clerk of the Circuit Court
and the Florida Auditor General
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, 2017. Management is responsible for the Clerk’s compliance with those
requirements. Our responsibility is to express an opinion on the Clerk’s compliance 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, 2017.
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 22, 2018
Collier County, Florida
Property Appraiser
Financial Statements and
Supplemental Reports
Year Ended September 30, 2017
Collier County, Florida
Property Appraiser
Financial Statements and Other Reports
Year Ended September 30, 2017
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 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 ................................................................21
Management Letter ........................................................................................................................25
Independent Accountants’ Report ..................................................................................................28
CliftonLarsonAllen LLP
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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, 2017, 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, 2017, 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, 2017, 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 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 17, 2018
Collier County, Florida
Property Appraiser
Balance Sheet – General Fund
September 30, 2017
See accompanying Notes to Financial Statements.
3
Assets
Cash and cash equivalents 995,193$
Total assets 995,193$
Liabilities and fund balance
Liabilities:
Accounts payable and accrued expenses 66,000$
Due to Collier County, Florida Board of
County Commissioners 839,127
Due to other taxing districts 90,066
Total liabilities 995,193
Fund balance -
Total liabilities and fund balance 995,193$
Collier County, Florida
Property Appraiser
Statement of Revenues, Expenditures, and
Changes in Fund Balance
General Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
4
Revenues:
Commissions and fees 6,892,089$
Miscellaneous 912,452
Interest 5,811
Total revenues 7,810,352
Expenditures:
General government:
Personal services 5,269,406
Operating 1,516,032
Capital outlay 95,721
Total expenditures 6,881,159
Excess of revenues over expenditures 929,193
Other financing uses:
Distribution of excess fees and commissions to Collier County, Florida
Board of County Commissioners (839,127)
Distribution of excess fees and commissions to other
governmental agencies (90,066)
Total other financing uses (929,193)
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 and Actual
General Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
5
Variance With
Final Budget
Positive
Original Final Actual (Negative)
Revenues:
Commissions and fees 6,892,089$ 6,892,089$ 6,892,089$ -$
Interest Revenue - - 5,811 5,811
Miscellaneous - - 912,452 912,452
Total revenues 6,892,089 6,892,089 7,810,352 918,263
Expenditures:
General government:
Personal services 5,427,955 5,230,800 5,269,406 (38,606)
Operating 1,439,134 1,545,789 1,516,032 29,757
Capital outlay 25,000 115,500 95,721 19,779
Total expenditures 6,892,089 6,892,089 6,881,159 10,930
Excess of revenues over expenditures - - 929,193 929,193
Other financing uses:
Distribution of excess fees to
Collier County, Florida Board
of County Commissioners - - (839,127) (839,127)
Distribution of excess commissions
and fees to other governmental
agencies - - (90,066) (90,066)
Total other financing uses - - (929,193) (929,193)
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, 2017
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, 2017
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, 2017
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, 2017
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.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2017
10
2. Budgetary Process (continued)
During the year, the Property Appraiser exceeded the budgeted amount for operating expenditures
mainly as a result of other contractual services which were not expected at the time of the budget
preparation. These budget overages were partially offset by budget savings in the personnel
services category.
3. Cash
At September 30, 2017, the carrying value of the Property Appraiser’s cash was as follows:
Carrying
Value
Cash on hand 125$
Demand deposits 995,068
Total cash 995,193$
Type
Custodial Credit Risk
At September 30, 2017, 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.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2017
11
3. Cash (continued)
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.
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 their estimated 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.
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2017
12
4. Capital Assets (continued)
The following is a summary of changes in capital assets for the year ended September 30, 2017:
October 1, September 30,
2016 Additions Deductions 2017
Improvements other than buildings 15,332$ -$ -$ 15,332$
Machinery and equipment 1,549,673 95,721 131,765 1,513,629
Total capital assets 1,565,005 95,721 131,765 1,528,961
Less accumulated depreciation (1,325,080) (107,322) (131,235) (1,301,167)
Total capital assets, net 239,925$ (11,601)$ 530$ 227,794$
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,
2016 Increase Decrease 2017
Accrued compensated absences 354,133$ 219,026$ 242,000$ 331,159$
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2017
13
5. Long-Term Liabilities (continued)
Of these liabilities, approximately $150,000 is expected to be paid during the fiscal year ending
September 30, 2017, 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, 2017
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, 2017
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, 2017
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, 2017, 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, 2017
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, 2017, 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, 2017
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, 2017, 2016, and 2015, were $409,812, $451,635, and $377,140,
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, 2017, the Board paid fees to the Property Appraiser
that amounted to $6,224,046. At September 30, 2017, the Property Appraiser had a payable due to
the Board of $839,127 comprised as follows:
Distribution of excess commissions and fees 839,127$
Collier County, Florida
Property Appraiser
Notes to Financial Statements
September 30, 2017
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, 2017,
the Property Appraiser was charged $1,035,452 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 $400,000 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.
CliftonLarsonAllen LLP
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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, 2017, 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 17, 2018.
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. 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 Abe Skinner
Property Appraiser
21
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 17, 2018
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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, 2017, and have issued our report thereon dated
January 17, 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 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 17, 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. The status of significant findings and recommendations made in the preceding financial audit report are
listed in Appendix A.
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 out 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 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 17, 2018
COLLIER COUNTY, FLORIDA
PROPERTY APPRAISER
MANAGEMENT LETTER
SEPTEMBER 30, 2017
24
APPENDIX A – PRIOR YEAR FINDINGS AND RECOMMENDATIONS
Compliance
Material
Weakness2016-002 - Audit Adjustment Corrected
Prior Year Findings
2016-001 Budget
Current Year Status
Corrected
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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, 2017. 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, 2017.
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 17, 2018
THIS PAGE INTENTIONALLY LEFT BLANK
Collier County, Florida
Sheriff
Financial Statements and
Supplemental Reports
Year Ended September 30, 2017
Collier County, Florida
Sheriff
Financial Statements and Other Reports
Year Ended September 30, 2017
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 Ratio .................................................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
Management Letter ........................................................................................................................42
Independent Accountants’ Report ..................................................................................................44
Independent Accountants’ Report on Applying Agreed-Upon Procedures ...................................45
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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, 2017,
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, 2017, 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, 2017, 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.
During fiscal year ended September 30, 2017, the Sheriff adopted the provisions of Governmental Accounting
Standards Board (GASB) Statement No. 75 Accounting and Financial Reporting for Postemployment Benefits
Other than Pensions. As a result of the implementation of Statement No. 75, the Sheriff reported a restatement
for the change in accounting principle. Our auditors’ opinion was not modified with respect to the restatement.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Schedule of Funding
Progress for the Retiree Health Plan, 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 30, 2018 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 30, 2018
Collier County, Florida Sheriff Balance Sheet – Governmental Funds September 30, 2017 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 16,032,820$ 871,813$ 1,868,645$ 738,054$ –$ 19,511,332$ Accounts receivable 50,465 – – – – 50,465 Other receivable 30,250 – 16,292 – – 46,542 Due from other funds 173,045 – 25,061 – – 198,106 Due from other governments 52,501 120,777 – – – 173,278 Due from Collier County, Florida Board ofCounty Commissioners 39,441 59,816 – – 196,744 296,001 Total assets 16,378,522$ 1,052,406$ 1,909,998$ 738,054$ 196,744$ 20,275,724$ Liabilities and fund balancesLiabilities:Accounts payable 1,054,570$ 32,722$ 9,530$ 4,228$ 63,596$ 1,164,646$ Accrued expenses 12,696,803 23,680 – – 2,000 12,722,483 Due to other funds– – 27,769 4,228 131,148 163,145 Due to Collier County, Florida Board ofCounty Commissioners 2,627,149 487 – – – 2,627,636 Unearned revenue– 42,341 – – – 42,341 Total liabilities 16,378,522 99,230 37,299 8,456 196,744 16,720,251 Fund balances:Restricted– 953,176 1,872,699 729,598 – 3,555,473 Total liabilities and fund balances 16,378,522$ 1,052,406$ 1,909,998$ 738,054$ 196,744$ 20,275,724$
Collier County, Florida Sheriff Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds Year Ended September 30, 2017 See accompanying Notes to Financial Statements. 5 Grant Other Non-MajorSpecial Prisoner Federal Equitable Special RevenueGeneral Revenue Fund Welfare SharingFunds TotalRevenues:Grant revenue–$ 1,226,012$ –$ –$ –$ 1,226,012$ Charges for services 1,665,707 – 698,250 – – 2,363,957 Interest income– 1,977 7,938 3,803 – 13,718 Other revenue 140,540 – – – – 140,540 Total revenues 1,806,247 1,227,989 706,188 3,803 – 3,744,227Expenditures:General government:Personal services 4,494,939 – – – – 4,494,939 Operating expenditures 77,948 – – – – 77,948 Public safety:Personal services 136,789,755 556,720 238,407 – 1,043,894 138,628,776 Operating expenditures 21,956,362 223,343 139,962 137,232 1,973,190 24,430,089 Capital outlay6,679,476 158,251 – – 33,487 6,871,214 Debt Service - principal 598,641 – – – – 598,641 Debt Service - interest 34,868 – – – – 34,868 Total expenditures 170,631,989 938,314 378,369 137,232 3,050,571 175,136,475Excess (deficiency) of revenues over (under) expenditures (168,825,742) 289,675 327,819 (133,429) (3,050,571) (171,392,248)Other financing sources (uses):Transfers in: General fund– 140,540 – – – 140,540 Collier County, Florida Board of County Commissioners appropriations 171,039,900 – – – – 171,039,900 Collier County, Florida Board of County Commissioners 486,890 – – – 3,050,571 3,537,461 Transfers out: Grant and Other Special Revenue Funds(140,540) – – – – (140,540) Distribution of excess appropriations to Collier County,Florida Board of County Commissioners(2,560,508) – – – – (2,560,508) Total other financing sources 168,825,742 140,540 – – 3,050,571 172,016,853Net change in fund balances– 430,215 327,819 (133,429) – 624,605 Fund balances – beginning of year– 522,961 1,544,880 863,027 – 2,930,868 Fund balances – end of year–$ 953,176$ 1,872,699$ 729,598$ –$ 3,555,473$
Collier County, Florida
Sheriff
Statement of Revenues, Expenditures and
Changes in Fund Balances – Budget and Actual
General Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
6
Variance With
Budget
Budget Positive
Original Final Actual (Negative)
Revenues:
Charges for services –$ 1,463,000$ 1,665,707$ 202,707$
Other revenue – – 140,540 140,540
Total revenues – 1,463,000 1,806,247 343,247
Expenditures:
General government:
Personal services 3,951,000 4,161,000 4,494,939 (333,939)
Operating expenditures 177,700 177,700 77,948 99,752
Capital outlay – – – –
Public safety:
Personal services 128,368,500 136,059,500 136,789,755 (730,255)
Operating expenditures 25,471,100 26,033,100 21,956,362 4,076,738
Capital outlay 5,321,600 6,071,600 6,826,095 (754,495)
Total expenditures 163,289,900 172,502,900 170,145,099 2,357,801
Excess of expenditures over revenues (163,289,900) (171,039,900) (168,338,852)2,701,048
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of County
Commissioners appropriations 163,289,900 171,039,900 171,039,900 –
Transfers out:
Grant and Other Special Revenue Funds – – (140,540) (140,540)
Distribution of excess appropriations to
Collier County, Florida Board of
County Commissioners – – (2,560,508) (2,560,508)
Total other financing sources 163,289,900 171,039,900 168,338,852 (2,701,048)
Net change in fund balance – – – –
Fund balance – beginning of year – – – –
Fund balance – end of year –$ –$ –$ –$
Total expenditures - budgetary basis 170,145,099$
Expenditures not budgeted:
Expenditures for multi-period projects that are not budgeted 486,890
Total expenditure - GAAP basis 170,631,989$
Total other financing sources (uses) - budgetary basis 168,338,852$
Transfers in from Collier County Florida Board of County
Commissioners (non-appropriations)486,890
Total other financing sources (uses) - GAAP basis 168,825,742$
Collier County, Florida
Sheriff
Statement of Net Position – Internal Service Fund
September 30, 2017
See accompanying Notes to Financial Statements.
7
Assets:
Cash and cash equivalents 1,823,874$
Investments 8,010,000
Due from stop loss 1,319
Interest receivable 11,351
Total assets 9,846,544
Liabilities:
Self insurance claims payable 2,660,000
Total liabilities 2,660,000
Net position:
Unrestricted 7,186,544
Total net position 7,186,544$
Collier County, Florida
Sheriff
Statement of Revenues, Expenses, and
Changes in Net Position – Internal Service Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
8
Operating revenues:
27,393,382$
Operating expenses:
24,738,382
1,080,212
188,513
26,007,107
1,386,275
Nonoperating revenues:
36,796
Realized gain on sale of investments 9,729
Decrease in fair value of investments (9,616)
Total nonoperating revenues 36,909
1,423,184
Net position – beginning of year, as restated 5,763,360
Net position – end of year 7,186,544$
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
Charges for services
Collier County, Florida
Sheriff
Statement of Cash Flows – Internal Service Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements.
9
Operating activities
(24,441,000)$
(1,080,212)
(204,898)
26,400,000
994,704
1,668,594
Noncapital and Related Financing Activities
Amounts received from other funds 2,000
Amounts repaid to other funds (3,554,292)
Net cash used by noncapital and related financing activities (3,552,292)
Investing activities
46,525
Purchase of securities 8,265,850
Proceeds from sales of securities (8,400,787)
(88,412)
(1,972,110)
Cash, cash equivalents, and investments – beginning of year 3,795,984
Cash, cash equivalents, and investments – end of year 1,823,874$
Reconciliation of operating loss to net cash
1,386,275$
1,319
281,000
1,668,594$
Increase in self-insurance claims payable
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:
Decrease in other receivables
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
Collier County, Florida
Sheriff
Statement of Fiduciary Net Position –
Agency Funds
September 30, 2017
See accompanying Notes to Financial Statements.
10
Cash and cash equivalents 565,455$
Due from individuals and businesses 3,156
568,611$
Due to other funds 34,961$
Due to Collier County, Florida
15,499
Due to individuals and businesses 518,151
568,611$
Liabilities:
Board of County Commissioners
Total liabilities
Assets:
Total assets
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
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, 2017
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, 2017
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, 2017
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, 2017
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, 2017, Florida PRIME
contained certain floating and adjustable rate securities. These investments represented 29.9% of
Florida PRIME’s portfolio at September 30, 2017.
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, 2017
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, 2017, 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, 2017
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, 2017.
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, 2017
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.
The differences between the budgetary basis and the GAAP basis for the General Fund budget as
discuss above are as follows:
Total expenditures - budgetary basis 170,145,099$
Expenditures not budgeted:
Expenditures for multi-period projects that are not budgeted 486,890
Total expenditure - GAAP basis 170,631,989$
Total other financing sources (uses) - budgetary basis 168,338,852$
Transfers in from Collier County Florida Board of County
Commissioners (non-appropriations)486,890
Total other financing sources (uses) - GAAP basis 168,825,742$
This space intentionally left blank
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
19
3. Cash, Cash Equivalents and Investments
At September 30, 2017, 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 21,435$ N/A
Demand deposits N/A 21,122,125 N/A
Local government surplus funds trust fund:
Florida Prime N/A 754,403 AAAm
Total cash and cash equivalents 21,897,963$
Money Market N/A 2,697 Not rated
Federal Farm Credit Bank 11/19/2018 248,885 AA+
Federal Home Loan Bank 6/8/2018 499,875 AA+
Federal Home Loan Bank 2/28/2018 499,660 AA+
Federal Home Loan Mortgage Corp. 10/2/2017 250,000 AA+
Federal Farm Credit Bank 7/12/2019 494,650 AA+
Federal Home Loan Mortgage Corp. 1/30/2018 250,130 AA+
Federal Home Loan - FREDDIE MAC 6/29/2018 498,110 AA+
Federal Home Loan Mortgage Corp. 3/7/2018 249,645 AA+
Federal Home Loan - FREDDIE MAC 12/15/2017 499,910 AA+
Federal Home Loan - FREDDIE MAC 4/9/2018 498,620 AA+
Treasury Note 11/9/2017 499,495 AA+
Treasury Note 1/4/2018 498,650 AA+
Treasury Note 8/31/2018 646,445 AA+
Treasury Note 2/15/2019 431,094 AA+
Treasury Note 9/30/2018 499,980 AA+
Treasury Note 7/31/2018 696,717 AA+
Treasury Note 3/31/2018 249,425 AA+
Treasury Note 3/31/2019 498,710 AA+
Total cash, cash equivalents and investments 29,910,661$
*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, 2017
20
3. Cash, Cash Equivalents and Investments (continued)
The total cash, cash equivalent and investments balances at September 30, 2017, were
as follows:
General fund 16,032,820$
Grant special revenue fund 871,813
Prisoner welfare fund 1,868,645
Federal equitable sharing fund 738,054
Other non-major special revenue funds –
Internal service fund 9,833,874
Agency funds 565,455
29,910,661$
Custodial Credit Risk
At September 30, 2017, 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, 2017
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, 2017, the Sheriff had $754,403 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,
2017:
% of
Portfolio
Money Market 1%
Treasury Note 50%
Federal Home Loan Mortgage Corp. 9%
Federal Home Loan - FREDDIE MAC 19%
Federal Farm Credit Bank 9%
Federal Home Loan Bank 12%
Total 100%
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
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, 2017:
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
valued at their estimated fair 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.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
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, Deductions/ September 30,
2016 Additions Reclassifications 2017
Governmental Activities
Capital assets not depreciated:
Construction in Progress 2,276,322$ 5,389,682$ (249,792)$ 7,416,212$
Total capital assets not depreciated 2,276,322 5,389,682 (249,792) 7,416,212
Capital assets depreciated :
Machinery and equipment 74,879,706 1,920,403 (6,450,685) 70,349,424$
Total capital assets depreciated 74,879,706 1,920,403 (6,450,685) 70,349,424
Less accumulated depreciation:
Machinery and equipment (59,569,142) (6,059,927) 6,623,124 (59,005,945)$
Total Accumulated depreciation (59,569,142) (6,059,927) 6,623,124 (59,005,945)
Total Depreciable capital
assets, net 15,310,564 (4,139,524) 172,439 11,343,479
Total Governmental Activities capital
assets, net 17,586,886$ 1,250,158$ (77,353)$ 18,759,691$
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, 2017
Governmental fund activities:
Telephone system 4.82% 185,232$
Total Capital Lease Obligations 185,232$
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
24
5. Long-Term Liabilities (continued)
Equipment and related accumulated depreciation under capital leases is as follows:
Governmental Activities
Equipment 1,926,980$
Less: accumulated depreciated (1,134,889)
Less: disposal (27,820)
Net Value 764,271$
Year ending September 30: Governmental Activities
2018 63,185$
2019 63,185
2020 63,185
2021 10,532
Total minimum lease payments 200,087
Less: amount representing interest (14,855)
Present value of remain payments 185,232$
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,
2016 Additions Reclassifications 2017
Capital lease agreements 783,873$ -$ (598,641)$ 185,232$
Compensated Absences 16,449,296 2,963,252 (1,278,988) 18,133,560
Total 17,233,169$ 2,963,252$ (1,877,629)$ 18,318,792$
Of these liabilities, approximately $1,160,000 is expected to be paid during the fiscal year ending
September 30, 2018. These long-term liabilities are not reported in the financial statements of the
Sheriff since they have not matured.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
25
6. Interfund Balances and Transfers
Due from and due to other funds at September 30, 2017, were as follows:
Due From Due To
General Fund 173,045$ -$
Prisoner Welfare Fund 25,061 27,769
Federal Equitable Sharing - 4,228
Other non-major special revenue funds - 131,148
Agency Funds - 34,961
198,106$ 198,106$
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 $174,577,361. At September 30,
2017, the Sheriff had a payable due to the Board of $2,643,135 comprised of the following:
General fund:
Distribution of excess appropriations $ 2,560,508
Distribution of interest collected 9,362
Miscellaneous payables 57,766
Agency funds 15,499
Total $ 2,643,135
Additionally, the Sheriff had a receivable from the Board related to services provided to the
County of $296,001 at September 30, 2017.
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, 2017
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, 2017
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, 2017
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, 2017
29
8. Pension Plans (continued)
Benefits Provided
For the fiscal year ended June 30, 2017, 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, 2017
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, 2017, 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,
2017, 2016, and 2015 were $16,967,099, $15,023,011, and $13,341,786, 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, 2017
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, 2017, the date of the latest actuarial valuation, the Sheriff’s plan participation
consisted of:
OPEB plan participants 1,136
Retirees receiving benefits 106
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, 2017
32
9. Other Postemployment Benefits (continued)
Total OPEB Liability
The Sheriff’s OPEB liability of $18,260,466 was measured as of September 30, 2017, and was
determined by an actuarial valuation as of October 1, 2017. The following table shows the
changes in the Sheriff’s total OPEB liability for the year ended September 30, 2017.
Total liability balance, October 1, 2016 18,221,385$
Changes recognized for the fiscal year:
Service cost 491,420
Interest 502,621
Differences between expected and actual experience (83,607)
Benefit payments (871,353)
Net changes 39,081
Total liability balance, September 30, 2017 18,260,466$
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
(4%) (5%) (6%)
Total OPEB Liability 20,078,360$ 18,260,466$ 16,659,610$
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 (6% decreasing to 4.0%) or 1% point higher (8% decreasing to 6%) than the current
healthcare cost trend rates:
1% Decrease Discount Rate 1% Increase
(6% decreasing (7% decreasing (8% decreasing
to 4%) to 5%) to 6%)
Total OPEB Liability 16,554,047$ 18,260,466$ 20,226,456$
Healthcare rate sensitivity
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
33
9. Other Postemployment Benefits (continued)
Deferred Outflows and Inflows of Resources Related to OPEB
For the year ended September 30, 2017, the Sheriff’s OPEB expense was $910,434. In addition
the Sheriff reported deferred outflow of resources and deferred inflow of resources from the
following sources:
Deferred Deferred
Outflows of Inflows of
Description Resources Resources
Differences between expected and actual experience 83,607$ -$
Amounts reported as deferred outflows of resources are being amortized over 7.36 years and will
be recognized as follows:
Year ending
September 30 Amount
2018 11,360$
2019 11,360
2020 11,360
2021 11,360
2022 11,360
Thereafter 26,807
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, 2017
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 2.75% (Based on 20 year AA municipal bond rate)
Healthcare cost trend rate 7% decreasing to 5% in 2021 and thereafter
Salary increase None
New employees None
Mortality rates were based on the RP-2015 Mortality Fully Generational tables using Projection
Scale MP-2016.
Since the most recent valuation performed to comply with GASB Statement No. 45, the
following changes have been made:
The actuarial cost method changed from using the Unit Credit Actuarial cost method to
the Entry Age Actuarial cost method.
The discount rate was changed from 3% to 2.75%.
The mortality assumption has been updated from RP-2014 Mortality Fully Generational
using Projection Scale MP-2015 to RP-2015 Mortality Fully Generational using
Projection Scale MP-2016.
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
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 FY17 there were two covered individuals who had higher deductible
amounts because of a history of high claims. One individual had a deductible of $420,000 and
the other had a deductible of $425,000. Specific claim excess coverage for these individuals was
for claims exceeding $420,000 and $425,000, 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, 2017 and 2016 is as follows:
New Claims
Balance and Changes Claim Balance
Fiscal year ending: October 1 in Estimates Payments September 30
2016 $ 2,170,000 $ 16,473,000 $ (21,022,000) $ 2,379,000
2017 $ 2,379,000 $ 19,699,382 $ (24,738,382) $ 2,660,000
Collier County, Florida
Sheriff
Notes to Financial Statements
September 30, 2017
36
11. Claims 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.
12. Restatement for a Change in Accounting Principle
During fiscal year ended September 30, 2017, the Sheriff adopted the provisions of
Governmental Accounting Standards Board (GASB) Statement No. 75, Accounting and
Financial Reporting for Postemployment Benefits Other than Pensions. This pronouncement
requires the restatement of the September 30, 2016 net position of the internal service fund as
follows:
Net Position, September 30, 2016, as Previously Reported 3,150,497$
Cumulative Effect of Application of GASB 75, Net 2,612,863
Net Position, September 30, 2016, as Restated 5,763,360$
Collier County, Florida
Sheriff
Schedule of Changes in Total OPEB Liability and Related Ratio
September 30, 2017
37
Total liability balance, October 1, 2016 18,221,385$
Changes recognized for the fiscal year:
Service cost 491,420
Interest 502,621
Differences between expected and actual experience (83,607)
Benefit payments (871,353)
Net changes 39,081
Total liability balance, September 30, 2017 18,260,466$
Covered employee payroll 91,192,818$
Total OPEB Liability as a percentage of covered employee payroll 20.02%
Collier County, Florida Sheriff Combining Statement of Fiduciary Net Position – Agency Funds September 30, 2017 38 TotalCivil Evidence Flexible Inmate Agency Trust Trust Spending Trust Explorers FundsCash and cash equivalents 39,839$ 226,162$ 214,220$ 68,160$ 17,074$ 565,455$ Due from individuals and businesses – – – 3,156 – 3,156 39,839$ 226,162$ 214,220$ 71,316$ 17,074$ 568,611$ Due to other funds –$ –$ –$ 34,961$ –$ 34,961$ Due to Collier County, Florida Board6,485 – – 9,014 – 15,499 Due to individuals and businesses 33,354 226,162 214,220 27,341 17,074 518,151 39,839$ 226,162$ 214,220$ 71,316$ 17,074$ 568,611$ Liabilities:of County CommissionersTotal liabilitiesAssets:Total assets
Collier County, Florida Sheriff Statement of Changes in Assets and Liabilities – Agency Funds September 30, 2017 39 October 1, September 30, 2016 Additions Deletions 2017Assets:Cash and cash equivalents 628,987$ 565,455$ (628,987)$ 565,455$ Due from individuals and businesses 1,618 3,156 (1,618) 3,156 Total assets 630,605$ 568,611$ (630,605)$ 568,611$ Liabilities:.Due to other funds 36,216$ 34,961$ (36,216)$ 34,961$ Due to Collier County, Florida Boardof County Commissioners 25,703 15,499 (25,703) 15,499 Due to individuals and businesses 568,686 518,151 (568,686) 518,151 Total liabilities 630,605$ 568,611$ (630,605)$ 568,611$
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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, 2017, 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 30, 2018.
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.
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. Given these limitations, during our audit we did not identify any deficiencies in internal control
that we consider to be material weaknesses. We did identify a deficiency in internal control described below
as 2017-001 that we consider to be a significant deficiency.
2017-001
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 Kevin Rambosk
Sheriff
41
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 timely review of the internal service fund summarized financial information is not performed.
Cause: Management has elected not to use the current financial application for recording the internal service
fund activity due to the pending implementation of a new financial reporting application.
Effect: Errors in the summarization of transactions each month may occur and not be detected.
Recommendation: We recommend that detailed reviews of the summarized information be performed at least
quarterly if not monthly.
Management’s response: While the accounts of the internal service fund are reviewed on a monthly basis,
there is no formal process in place for review and approval. A formal process is being developed to review the
financial information, at least quarterly, for the internal service fund which includes approval by the Finance
Director.
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 finding identified in our audit is described above. 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 30, 2018
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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, 2017 and have issued our report thereon dated January 30, 2018.
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 30, 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. 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
43
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 30, 2018
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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, 2017. 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, 2017.
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 30, 2018
45
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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), solely to assist you in evaluating the procedures and policies as defined by
the Sheriff over its investigative funds for the year ended September 30, 2017. The Sheriff’s management is
responsible for the Sheriff’s compliance with those procedures and policies. 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, 2017
(the population sampled included transactions from October 1, 2016 through September 30, 2017), 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.
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.
Honorable Kevin Rambosk
Sheriff
46
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 30, 2018
THIS PAGE INTENTIONALLY LEFT BLANK
Collier County, Florida
Supervisor of Elections
Financial Statements and
Supplemental Reports
Year Ended September 30, 2017
Collier County, Florida
Supervisor of Elections
Financial Statements and Other Reports
Year Ended September 30, 2017
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
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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, 2017, 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, 2017, 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, 2017, 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 Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated December 20, 2017
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 Supervisors’
internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Naples, Florida
December 20, 2017
Collier County, Florida
Supervisor of Elections
Balance Sheet – Governmental Funds
September 30, 2017
See accompanying Notes to Financial Statements
3
Grant
Special
General Revenue Total
Assets
Cash and cash equivalents 311,404$ -$ 311,404$
Accounts receivable 45 - 45
Total assets 311,449$ -$ 311,449$
Liabilities and fund balance
Liabilities:
Accounts payable 37,437$ -$ 37,437$
Accrued liabilities 84,569 - 84,569
Due to Collier County, Florida
Board of County Commissioners 189,443 - 189,443
Total liabilities 311,449 - 311,449
Fund balances:
Restricted - - -
Total fund balances - - -
Total liabilities and fund balances 311,449$ -$ 311,449$
Collier County, Florida
Supervisor of Elections
Statement of Revenues, Expenditures, and
Changes in Fund Balances – Governmental Funds
Year Ended September 30, 2017
See accompanying Notes to Financial Statements
4
Grant
Special
General Revenue Total
Revenues:
Intergovernmental -$ 46,974$ 46,974$
Interest - 1 1
Total revenues - 46,975 46,975
Expenditures:
General government:
Personal services 2,055,126 - 2,055,126
Operating 1,326,436 54,021 1,380,457
Capital outlay 46,988 - 46,988
Total expenditures 3,428,550 54,021 3,482,571
Excess (deficiency) of expenditures over revenues (3,428,550) (7,046) (3,435,596)
Other financing sources (uses):
Transfers in:
General Fund - 7,046 7,046
Collier County, Florida Board of
County Commissioners appropriations 3,620,500 - 3,620,500
Transfers out:
Special revenue fund (7,046) - (7,046)
Distribution of excess appropriations:
Collier County, Florida Board of
County Commissioners (184,904) - (184,904)
Total other financing sources (uses) 3,428,550 7,046 3,435,596
Net change in fund balances - - -
Fund balances – beginning of the year - - -
Fund balances – end of the year -$ -$ -$
Collier County, Florida
Supervisor of Elections
Statement of Revenues, Expenditures, and
Changes in Fund Balances – Budget and Actual
General Fund
Year Ended September 30, 2017
See accompanying Notes to Financial Statements
5
Variance
With Final
Budget
Positive
Original Final Actual
(Negative)
Revenues -$ -$ -$ -$
Expenditures:
General government:
Personal services 2,149,200 2,166,700 2,055,126 111,574
Operating 1,441,300 1,399,764 1,326,437 73,327
Capital outlay 30,000 46,990 46,987 3
Total expenditures 3,620,500 3,613,454 3,428,550 184,904
Excess (deficiency)of expenditures over revenues (3,620,500) (3,613,454) (3,428,550) 184,904
Other financing sources (uses):
Transfers in:
Collier County, Florida Board of
County Commissioners appropriations 3,620,500 3,620,500 3,620,500 -
Transfers out:
Special Revenue Fund - (7,046) (7,046) -
Distribution of excess appropriations:
Collier County, Florida Board of
County Commissioners - - (184,904) (184,904)
Total other financing sources (uses) 3,620,500 3,613,454 3,428,550 (184,904)
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, 2017
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 SOE is considered to be financially accountable.
The general operations of the SOE are funded by appropriations from the Collier County, Florida
Board of County Commissioners (BOCC), 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 SOE’s general fund. The special revenue fund of the SOE is
not budgeted and 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, 2017
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, 2017
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, 2017
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, 2017.
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, 2017
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, 2017, 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 311,204 N/A
Total cash and cash equivalents $ 311,404
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2017
11
3. Cash and Cash Equivalents (continued)
Custodial Credit Risk
At September 30, 2017, 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, 2017
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 their estimated fair 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,
2016 Additions Deductions 2017
Machinery and equipment 1,193,242$ 46,988$ -$ 1,240,230$
Less accumulated depreciation (988,952) (69,752) - (1,058,704)
Machinery and equipment, net 204,290$ (22,764)$ -$ 181,526$
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,
2016 Increase Decrease 2017
Accrued compensated
absences
$ 200,710
$ 102,685
$ 107,227
$ 196,168
Of these liabilities, approximately $107,892 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 Supervisor since they have not matured.
Collier County, Florida
Supervisor of Elections
Notes to Financial Statements
September 30, 2017
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, 2017
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, 2017
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, 2017
16
6. Pension Plans (continued)
Retiree Health Insurance Subsidy Program (continued)
Benefits Provided
For the fiscal year ended June 30, 2017, 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. SOE 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, 2017
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, 2017, 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 SOE.
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,
2017, 2016 and 2015, were $115,546 $114,600 and $106,131 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, 2017
18
7. Related-Party Transactions
For the year ended September 30, 2017, the Board provided funding for the Supervisor that
amounted to $3,620,500. At September 30, 2017, the Supervisor had a payable due to the Board
of $189,443 comprised as follows:
Distribution of excess appropriations $ 184,904
Distribution of interest earnings 3,064
Amounts due for various services 1,475
Total due to Board of County Commissioners $ 189,443
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, 2017,
the Supervisor was charged $259,077 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, 2017
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 $400,000 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 $7,046 for the year ending September 30, 2017.
20
CliftonLarsonAllen LLP
CLAconnect.com
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, 2017, and
the related notes to the financial statements, which collectively comprise the Supervisor’s financial
statements, and have issued our report thereon dated December 20, 2017.
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 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
December 20, 2017
22
CliftonLarsonAllen LLP
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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 each major fund of the Collier County, Florida Supervisor of
Elections (Supervisor) as of and for the year ended September 30, 2017 and have issued our report thereon
dated December 20, 2017.
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 20, 2017 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 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 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
December 20, 2017
24
CliftonLarsonAllen LLP
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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, 2017. 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 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, 2017.
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
December 20, 2017
Collier County, Florida
Tax Collector
Financial Statements and
Supplemental Reports
Years Ended September 30, 2017 and 2016
Collier County, Florida
Tax Collector
Financial Statements and Other Reports
Years Ended September 30, 2017 and 2016
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
CliftonLarsonAllen LLP
CLAconnect.com
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, 2017 and 2016, 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
Opinion
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, 2017 and 2016, 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, 2017, 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, 2017 and 2016, 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 27, 2017
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 27, 2017
Collier County, Florida
Tax Collector
Balance Sheets – General Fund
See accompanying Notes to Financial Statements.
3
2017 2016
Assets
Cash and cash equivalents 7,222,230$ 7,643,628$
Accounts receivable 4,678 -
Due from other funds 62,712 70,902
Prepaid rent 28,921 26,796
Prepaid expense 6,842 -
Security deposit 4,628 4,628
Total assets 7,330,011$ 7,745,954$
Liabilities and fund balance
Liabilities:
Accounts payable 191,873$ 17,329$
Due to Collier County, Florida Board of
County Commissioners 6,255,593 6,865,518
Due to other governmental agencies 787,451 863,107
Other current liabilities 95,094 -
Total liabilities 7,330,011 7,745,954
Fund balance - -
Total liabilities and fund balance 7,330,011$ 7,745,954$
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
2017 2016
Revenues:
Commissions and fees 20,996,583$ 19,579,160$
Miscellaneous 453,665 277,346
Total revenues 21,450,248 19,856,506
Expenditures:
General government:
Personal services 10,507,089 10,126,106
Operating 2,125,375 1,675,462
Capital outlay 1,774,740 326,313
Total expenditures 14,407,204 12,127,881
Excess of revenues over expenditures 7,043,044 7,728,625
Other financing uses:
Distribution of excess commissions and
fees to Collier County, Florida Board of County
Commissioners (6,255,593) (6,865,518)
Distribution of excess commissions and
fees to other governmental agencies (787,451) (863,107)
Total other financing uses (7,043,044) (7,728,625)
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, 2017
See accompanying Notes to Financial Statements.
5
Variance With
Final Budget
Positive
Original Final Actual (Negative)
Revenues:
Commissions and fees 20,234,760$ 20,234,760$ 20,996,583$ 761,823$
Miscellaneous 249,200 249,200 453,665 204,465
Total revenues 20,483,960 20,483,960 21,450,248 966,288
Expenditures:
General government:
Personal services 10,798,666 10,729,666 10,507,089 222,577
Operating 2,558,388 2,627,388 2,125,375 502,013
Capital outlay 1,932,462 1,932,462 1,774,740 157,722
Total expenditures 15,289,516 15,289,516 14,407,204 882,312
Balance of revenues over expenditures 5,194,444 5,194,444 7,043,044 1,848,600
Other financing uses:
Distribution of excess commissions and
fees to Collier County, Florida
Board of County Commissioners (4,613,677) (4,613,677) (6,255,593) (1,641,916)
Distribution of excess commissions
and fees to other governmental
agencies (580,767) (580,767) (787,451) (206,684)
Total other financing uses (5,194,444) (5,194,444) (7,043,044) (1,848,600)
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
2017 2016
Assets
Cash and cash equivalents 6,271,609$ 6,657,055$
Accounts receivable 50,324 27,270
Total assets 6,321,933$ 6,684,325$
Liabilities
Due to other funds 62,712$ 70,895$
Due to Collier County, Florida Board of
County Commissioners 879,823 952,005
Due to other governmental agencies 5,342,341 5,608,295
Due to individuals and businesses 37,057 53,130
Total liabilities 6,321,933$ 6,684,325$
September 30,
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2017 and 2016
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, 2017 and 2016
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, 2017 and 2016
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, 2017 and 2016
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, 2017 and 2016
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, 2017 and 2016
12
3. Cash
At September 30, 2017 and 2016, the carrying value of the Tax Collector’s cash was as follows:
2017 2016
Carrying Carrying
Value Value
Cash on hand 36,338$ 35,443$
Demand deposits 13,457,501 14,265,240
Total cash and cash equivalents 13,493,839$ 14,300,683$
Type
Such amounts are reported as $7,222,230 and $6,271,609 for 2017 and $7,643,628 and $6,657,055
for 2016 in the general and agency funds, respectively.
Custodial Credit Risk
At September 30, 2017, 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, 2017 and 2016
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, 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
Buildings - - - -
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$
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2017 and 2016
14
4. Capital Assets (continued)
The following is a summary of changes in capital assets for the year ended September 30, 2016:
October 1,
2015 Additions
Deletions/
Reclassifications
September 30,
2016
Capital Assets not depreciated:
Construction in progress -$ 20,384$ -$ 20,384$
Total assets not depreciated - 20,384 - 20,384
Infrastructure 11,735 - - 11,735
Buildings - 62,174 (62,174) -
Improvements other than buildings 111,914 - - 111,914
Machinery and equipment 2,222,198 243,755 (85,545) 2,380,408
Total Capital Assets 2,345,847 326,313 (147,719) 2,524,441
Less accumulated depreciation: (2,157,216) (117,334) 85,545 (2,189,005)
Total capital assets, net 188,631$ 208,979$ (62,174)$ 335,436$
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,
2016 Increase Decrease 2017
Accrued compensated absences 1,173,838$ 681,407$ (622,366)$ 1,232,879$
October 1, September 30,
2015 Increase Decrease 2016
Accrued compensated absences 1,224,908$ 596,587$ (647,657)$ 1,173,838$
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2017 and 2016
15
5. Long-Term Liabilities (Continued)
Of these liabilities, approximately $650,000 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 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, 2017 and 2016
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, 2017 and 2016
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, 2017 and 2016
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, 2017, 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, 2017 and 2016
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, 2017, 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, 2017 and 2016
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,
2017, 2016, and 2015 were $655,667, $606,522, and $598,808, 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, 2017 and 2016
21
8. Related Party Transactions
During the fiscal years ended September 30, 2017 and 2016, the Board paid commissions and fees
to the Tax Collector that amounted to $19,051,991 and $17,638,997, respectively.
At September 30, 2017 and 2016, the Tax Collector had a payable due to the Board of $7,135,416
and $7,817,523, respectively, comprised as follows:
2017 2016
Distribution of unused commissions and fees 6,255,593$ 6,865,518$
Agency funds due to the Board 879,823 952,005
Total 7,135,416$ 7,817,523$
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 $3,031,659 and $2,948,054, respectively, by the County for
participation in the risk management program.
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2017 and 2016
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 $400,000 per covered member and has purchased outside
excess coverage for all claims exceeding this amount. An actuarial valuation is performed each
year to estimate the amounts needed to pay prior and future claims and to establish reserves.
10. Commitments and Contingencies
Leases
The Tax Collector has noncancelable operating leases for certain office facilities that were utilized
solely by the Tax Collector for fiscal year 2016. The two current leases include options for a 5-year
renewal with an annual escalation clauses ranging from 1-5% annually. The following is a
schedule of future minimum lease payments under the operating leases:
Fiscal year ending September 30:
2018 244,360$
2019 250,334
2020 199,976
2021 146,800
Collier County, Florida
Tax Collector
Notes to Financial Statements
September 30, 2017 and 2016
23
10. Commitments and Contingencies (continued)
Rental expense for all operating leases in the aggregate was $336,837 and $378,915 for the years
ended September 30, 2017 and 2016, respectively. There were no contingent rentals or sublease
rentals associated with leases in effect at September 30, 2017 or 2016.
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.
CliftonLarsonAllen LLP
CLAconnect.com
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, 2017, 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 27, 2017.
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 27, 2017
CliftonLarsonAllen LLP
CLAconnect.com
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, 2017, and
have issued our report thereon dated December 27, 2017.
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 27, 2017 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 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, 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 27, 2017
CliftonLarsonAllen LLP
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28
INDEPENDENT ACCOUNTANTS’ REPORT
Honorable Larry 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, 2017. 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, 2017.
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 27, 2017
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