Lee County Board Of County Commissioners Agenda Item Summary the Sheet 1v~JO04 jaoj

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1 1. REQUESTED MOTION: Lee County Board Of County Commissioners Agenda Item Summary the Sheet 1v~JO4 jaoj ACTION REQUESTED: Present for information purposes. WHY ACTION IS NECESSARY: To provide interim reporting on selected funds and revenues of the Lee County Board o County Commissioners. Included in the report in compliance with Chapter Florida Statues, Local Government Investment policies, is the stated and fair market value of the investments managed by the Clerk s Office. Additionally, In pursuant to Lee County Ordinance 2-28 activity for the Driver s Education Safety Trust Funds. WHAT ACTION ACCOMPLISHES: The purpose of this report is to convey to you the financial status of selected significant funds of the Lee County Board of County Commissioners and the status of specific revenues as of the stated dates and the market value of the investments managed by the Clerk s Office on behalf of the Board I 2. DEPARTMENTAL CATEGORY: 5B 3. MEETING DATE: AGENDA: COMMISSION DISTRICT # 5. REQUIREMENT/PURPOSE: 6. REQUESTOR OF INFORMATION: 4. 9-amoo q I A. COMMISSIONER ADMINISTRATIVE ORDINANCE B. DEPARTMENT C. DIVISION Budget Services APPROVED DENIED DEFERRED

2 LEE COUNTY, FLORIDA FINANCIAL REPORT TO THE BOARD OF COUNTY COMMISSIONERS FOR THE MONTH OF AUGUST 24 This report conveys the financial status of selected significant funds and the status of specific revenues as of the slated date. Comments and explanations pages are presented to highlight this month s significant County activity. Items receiving comment are determined through analysis of the activity. For example, data this month is compared to last month and last year for the same reporting period. SIGNIFICANT FUNDS, LEE COUNTY PORT AUTHORITY, AND DRIVER EDUCATION SAFETY TRUST FUND: Budgeted Fund Balances - Appropriated - YTO Expenditures Estimated excess resources from prior year. Adopted budget amount for Fiscal Year 24 expenditures. Amounts expended to date. Remaining Appropriations - Appropriations less YTD Expenditures. Reserves - Adopted budget amounts set aside for reallocation by the Board as needed during the year to fund unexpected operations or events. SIGNIFICANT Percentages REVENUES: IMPACT FEE FUNDS: Available Cash Carryovers Available Cash Balances A list of selected revenue sources which may be of interest to the Board. Percentage of budget realized to date. Schedule shows amount of monies on hand to date that have not been expended and cumulative impact fees, interest and expenditures to date. Amount of assets greater than liabilities from prior year. Amount of cash on hand less liabilities. DRIVER EDUCATION SAFETY TRUST FUND: A monthly report of revenues collected and expenditures made to identify parties as required by Lee County Ordinance OTHER INFORMATION: Interest Collected This Month $ 2, YTD $ 26,74,284 Last Year $ 2,753,363 YTD $ Payroll This Month Last Year 2,122 (Full-time) 367 (Part-time) 2,6 (Full-time) 451 (Part-time) Dollars Dollars $ $ 6,484,355 Vendor WarrantsiACH This Month Last Year 3,579 4,46 Dollars Dollars $ ,894 $ 43, This Month $1,173,322,9 Last Year $1,154,478,661 Includes accruals, trustee earnings, and amortization of premiums and discounts Charlie Green Clerk of the Circuit Court CGIESIga

3 COMMENTS AND EXPLANATIONS PAGE 1 (Significant Funds): General Fund - Budgeted Revenues and Appropriated increased due to an agreement with the Department of Community Affairs for Homeland Security to provide financial support to Lee County to conduct homeland security related planning, training and exercise tasks, and to complete certain Emergency Operations Center enhancements. Appropriated increased and Reserves decreased due to an approved transfer to provide funds for Southwest Florida Regional Planning Council for the Local Coordinating Board to fund the operations of Good Wheels, the Community Transportation Coordinator. MSTU - Budgeted Revenues and Appropriated increased due to the 21 Century Community Learning Center grant for the improvement of learning and communication skills for at-risk youth. Lee Countv Library - Budgeted Revenues and Appropriated increased due to the execution of the Public Library Construction Grant agreement with the Florida Department of State, Division of Library and information Services for the construction of the new Northwest Regional Library. PAGE 2 (Significant Revenues): a. Sales Tax X Cent - Fiscal Year 24 YTD Revenue is higher than Fiscal Year 23 YTD Revenue due to a delay in the monthly distribution in the prior year. b. Buildina Permit Fees - Fiscal Year 24 YTD Revenue is higher than Fiscal Year 23 YTD Revenue due to an increase in construction and housing improvements in the current year. c. Fines/Forfeitures - Fiscal Year 24 YTD Revenue is less than Fiscal Year 23 YTD Revenue due to the implementation of Article V in the current year, which redirects the distribution of fines to the Clerk. Formally, fines collected were distributed to the Board. d. Solid Waste - Electric Utilities - Fiscal Year 24 YTD Revenue is higher than Fiscal Year 23 YTD Revenue due to an increase in usage and in user fee rates in the current year. e. Water and Wastewater Svstem - Fiscal Year 24 YTD Revenue is higher than Fiscal Year 23 YTD Revenue due to the assumption of Gulf Environmental Services (GES) in June 23. PAGE 3 (Impact Fee Funds): a. Roads - Boca Grande. North District, Central District, Southwest District. and Southeast District - Five new road impact fee collection districts were created as a result of the road impact fee studv and will replace the existing eight districts. All impact fee revenues will now be collected in the new districts. Expenditures will continue to be made from the existing impact fee funds until all remaining funds are expended. PAGE 4 (Port Authority): a. Rentals and Franchise Fees and Concessions - Fiscal Year 24 YTD Revenues are higher than Fiscal Year 23 YTD Revenues due to passenger increase in the current year.

4 LEE COUNTY, FLORIDA SIGNIFICANT FUNDS AS OF AUGUST 31,24 GENERAL FUND 67, , ,464, , ,916 43,777,51 39,19,27 MSTU 53,534,228 42,618,14 43,666,821 53,969,44 39, , , TOURIST DEVELOPMENT 4,99, ,668,392 14,73, , ,45 2,18,687 TRANSPORTATlON TRUST 7, ,974,ooo ,467,124 21, ,11, LEE COUNTY LIBRARY 32,721, ,95, ,211 2,857,844 28,67,87 SOLID WASTE 86, ,46,73 61, ,923,219 5, J WATER AND WASTEWATER SYSTEM 39,15, ,168,838 8,949, ,914 35,453,216 1,299,734 TRANSPORTATION FACILITIES Sanibel Bridge 68, ,888,576 6,81, ,41 3,236,334 5, Cape Coral Bridge ,777,325 11, ,895,454 9,975,92 1,919,534 5, Midpoint Memorial Bridge 188, ,668 8,919,297 3,11,371 5, TRANSIT SYSTEM 3,98,644 12,313,629 1,35,4 12, ,568 1,783,895 2,769,SlO 1

5 LEE COUNTY, FLORIDA SIGNIFICANT REVENUES AS OF AUGUST 31,24 GOVERNMENTAL FUNDS Ad Valorem, General Fund ,76,79,55,73 11% ,469,,2, 11% Ad Valorem. MSTU Fund 24,417,49 24,853,457 12% 2,,425,987 2,,698,726 11% Sates Tax 112 cent 34,, 32,36,934 32,121,625 24,932,971 78% State Revenue Sharing 9,93,ooo % 9.679,654 7,448,57 77% Constitulional Gas Tax 5,452,,93 4,359,545 8% 4,,,679 4,12,679 13% Local Option Gas Tax 8.319,OOO 7,172,456 66% 7.688,826 6, % 5 Cent Gas Tax (1194) 6,576,92 5,318,9 81% 6,153,246 4,898,496 Tourist Tax 11,115,433 1,,68,458 14% 11,8. 1,495,41 89% 9th Cent Gas Tax 2,991,797 2,5,8,229 84% 2,672,13 2,321,688 87% 7th Cent Gas Tax 2,218,124 1,9,,825 66% 2,83,576 1,84,593 87% Racing Tax 223, ,25 223,25 1% Building Permit Fees 4,453,598 5,88, % 3,181,36 4,225, % Fines/Forfeitures 3,,25, 1,926,53 62% % Occupational Licenses 5, 261,941 52% 5, 249,599 5% SOLID WASTE User Fees 42,8X,164 44,723,624 42,395,569 42,343,418 Ad Valorem Taxes,,67,982 1,696,376 12% ,915,252 13% Electric Utilities 6,576,3, % 6,477,71 5,57,,325 86% LEE TRANSIT SYSTEM Fares, Charters, 8 Advertisements,,733,35 1,81,75 14% l/,42, % TRANSPORTATlON FACILITIES saniix, Cape Coral Midpoint Memorial SPORTS COMPLEX Rentals,etc , $833,931 83% 7,219,ooo 5,654,527 12,31,1 11,744,453 95% 11,938,,,,87,834 12,417,,2,483,398 11%,,,544,,1,67,, , 326,654 33, 339,562 78% 93% 1, % 13% WATER AND WASTEWATER SYSTEM Water Operating X&76,548 26,63,, ,OOO Wastewater Operating X,143,286 25,33,38, 13,919, WaterNVastewater Operating (FCWC) 15,75, 52,219, ,655 1% ,315,369 99% 2

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7 LEE COUNTY, FLORIDA LEE COUNTY PORT AUTHORITY AS OF AUGUST 31,24 Lee County Airports 8,59,7&33 38,91,417 38,292,98 39,733,814 34,366,375 5, ,666,386 User Fees ,67 13,626,468 94% 15,1,311 Rentals and Franchise Fees 916,51 1,157, % 89,84 Concessions 21,652,735 23,146,67 17% 2,16,147 13,824,919 92% 963,485 18% 2,896,936 14% This Month Last Year 276 (Full Time) Dollars $ 17 (Part Time) 263 (Full Time) Dollars $ 13 (Part Time) 96, ,61 4

8 LEE COUNTY, FLORIDA DRIVER EDUCATION SAFETY TRUST FUND AS OF AUGUST 31,24 5

9 LEE COUNTY BOARD OF COUNTY COMMISSIONERS GOVERNMENT BILLS, NOTES AND BONDS FOR THE MONTH OF AUGUST 24 FACE TYPE CO PON, PREM, PURCHASE MKTVALUE PURCH. MATUR. TOT*L VALUE DISC RATE (DISC, Em4 DATE DATE INT. REC. MATURED/SOLD INVESTMENTS DURING THE MONTH OF AUGUST 24 FACE TYPE CO PONl PREM, PURCHASE PURCH. MATUR. TOTAL AWE osc RATE (DISC, PRICE DATE DATE IN,. REC. SUMMARY OF ALL INVESTMENTS FOR THE MONTH OF AUGUST 24

10 DEFINITIONS

ACTION REOUESTED: Present for information purposes.

ACTION REOUESTED: Present for information purposes. WHY ACTION IS NECESSARY: To provide interim reporting on selected funds and rcvenue~ of the Lee County Board of County Commissioners. Also included,