- Blue Sheet No. &)(~707&q

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1 P 1. P Lee County Board Of County Commissioners Agenda Item Summary ACTION REQUESTEDPURPOSE: Present for information purposes. - Blue Sheet No. &)(~77&q 1. WHAT ACTION ACCOMPLISHES: To provide interim reporting on selected funds and revenues of the Lee County Board of County Commissioners. Included in the report in compliance with Chapter Florida Statutes, Local Government Investment policies, is the stated and fair market value of the investments managed by the Clerk s Office, pursuant to Lee County Ordinance 2-28 activity for the Driver s Education Safety Trust Funds. 3. MANAGEMENT RECOMMENDATION: 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. 4. Departmental Category: C14K I 5. Meeting Date: February 27,27 5. Agenda: X Consent Administrative Appeals Public Walk-on 3. Background: 8. Request Initiated: Commissioner Ordinance Department Clerk of Circuit Court Admin. Code Division Finance/Records Department Other By: Donna G. Harn & LO. Review for Scheduling.: Department Director Purchasing or Contracts Human County Resources Other Attorney Budget Services Analyst Risk Grants Mgr. county ManagerlP.W. Director Approved Deferred Denied Other

2 A distinction is ar-to-date. A d s, and encumbrances for road impact fee funds. - Balance at month end budget amount set aside for reallocation by the Board as needed dunng the -to-date (YTD totals are for the fiscal years being reported- October through

3 Prior year data covers October through September ~ Lee County, Florida SIGNIFICANT STATISTICAL DATA For the period covering Fiscal Years 27 and 26 Current year data covers October through current reporting period I FY7 January $6,81,44 Year-To-Date $26,728,41 Interest Collected Monthly Interest Collected FY6 January $5,581,64 Year-to-Date $17,145,375 ~~... M 27 interest increased over the prior year due to higher interest rates. Vendor Dollars/Invoices - BOCC and Port Authority FY7-Jan~ary FYO6-January BOCC Port Total BOCC Port Total Dollars Paid $8,632,458 $5,279,665 $85,912,123 $68,675,22 $6,767,866 $75,442,888 $1 6,, $14,, $12,, $1,, $8,, $6,, $4,, $2,, Dollars Paid by Month Cctober' November DKember January February March Aprd May June July August September ' M27 increase due to budget draws to constitutional offices, impact fee disbursment to Lee County School District, and Ad Valorem commission fee advance to Tax Collector. Payroll - BOCC and Port Authority FY7-January FY6-January BOCC Port Total BOCC Port Total Full-Time Employees 2, ,837 2, ,662 Part-Time Employees Payroll Total $9,855,252 $2,113,487 $11,968,739 $8,899,651 $1,293,25 $1,192, ,, 514,, $12,, 51,, $8,, $6,, $4,, $2,, m w *Includes three pay periods Dollars Paid By Month October November- December January February March April May' June July August September 2

4 Lee County, Florida SIGNIFICANT STATISTICAL DATA For the period covering Fiscal Years 24 through 27 General Fund Cash Balances a 1 5 Oct Nov DW Jan Febr Mar *PI May June Month J ~ Y Sept. 12 MSTU Fund Cash Balances 1.t 6 E oc t Nov Dec Jan Febr Mar APr May June J ~ Y Aug Sept Month Capital Improvement Fund Cash Balances CJ - d i( a t Nov Dec Jan Febr Mar Apr May June July Aug Sept. Month 3

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6 Lee County, Florida SIGNIFICANT REVENUES As of January 31,27 and 26 (in dollars) Ad Valorem, General Fund Ad Valorem, MSTU Fund Sales Tax 1/2 Cent State Revenue Sharing Communications Services Tax Constitutional Gas Tax Local Option Gas Tax 5 Cent Gas Tax (1/94) 9th Cent Gas Tax 7th Cent Gas Tax Tourist Tax Building Permit Fees Road Impact Fees EMS Impact Fees Regional Parks Impact Fees Community Parks Impact Fees SOLID WASTE User Fees Ad Valorem Taxes Electric Utilities LEE TRANSIT SYSTEM 299,431,453 38,318,76 48,276,369 13,845,55 8,991,39 5,879,75 1,129, 6,616,728 3,576,974 2,572,38 17,784, 7,371,644 4,913, 37, 6,63, 9,47, 61,45,381 2,287,71 9,34,74 3,87,259 TRANSPORTATION FACILITIES Sanibel 13,6, Cape Coral 14,8, Midpoint Memorial 16,3, WATER &WASTEWATER SYSTEM Water Operating 39,15, Wastewater Operating 36,5, LEE COUNTY PORT AUTHORITY User Fees 36,18,447 Rentals and Franchise Fees 1,63,974 Concessions 36,755,954 VARIANCE At least 15% and $5,, up or down GOVERNMENTAL ACTIVITIES 232,177,477 78% 239,836,83 3,234,315 79% 29,734,311 1,748,157 22% 41,554, 4,479,887 32% 11,65,2 2,43,232 27% 7,588,884 1,479,135 25% 5,91,569 2,31,77 23% 9,23,17 1,721,544 26% 6,394,18 844,759 24% 3,237, ,574 24% 2,634,384 4,635,749 26% 12,348,67 1,255,486 17% 6,432,44 6,555,438 16% 26,21, 177,486 48% 375, 1,16,85 15% 6,125, 1,149,7 12% 5,916, BUSINESS-TYPE ACTIVITIES 35,65,28 57% 1,938,918 85% 2,597,94 29% 966,89 31% 4,924,89 36% 5,668,279 38% 6,13,658 37% 9,145,471 23% 8,195,17 22% 1,57, % 467, % 1,745, % 196,28,147 24,75,369 1,469,681 4,3,731 2,216,32 1,393,576 2,231,457 1,598, ,472 67,226 2,778,844 2,483,937 12,499, ,963 2,69,233 3,45, % 83 % 25 % 35 % 29 % 24 % 24 % 25 % 24 % 23 % 23 % 39 % 48 % 33 % 44% 51 % 56,521,438 32,352, % 1,746,623 1,33, % 9,34,74 2,375, % 2,684,242 9, % 13,, 4,791,42 37 % 14,3, 5,627,88 39 % 15,7, 5,951,45 38 % 36,55, 11,367,51 31 % 34,25, 1,792, % 37,737,413 11,499,829 3 % 1,563,94 532,73 34 % 33,762,516 11,961, % 35,897,33 5,483, , , ,912 85,559 79, ,96 53,287 2,347 1,856,95 (1,228,451) (5,944,417) 55,523 (1,673,383) (1,896,821) 2,712,367 68, ,243 65,36 133,488 41,191 62,253 (2,222,39) (2,597,698) (1,442,64) (64,95) (1,215,598) 1 18%1 22% 3% 11% 1% 6% 4% 8% 7% 3%2 67%3-49%4-48%s 46%4-62%4-62% 6 8%6 46 % 9% 7% 3% 1% 1% 7-2 %7-24 % -13% -12% -1% COMMENTS 1. Fiscal Year 27 YTD Actual is higher due to an increase in taxable property values. 2. Fiscal Year 27 YTD Actual is higher due to a 2 percent rate increase on gross rentals effective January 26 for additional advertising revenue to generate more tourism. 3. Fiscal Year 27 YTD Actual is lower due to a decrease in building construction. 4. Fiscal Year 27 YTD Actual is lower due to a decrease in permitting activity. 5. Fiscal Year 27 YTD Actual is higher due to an increase in rates for all FirejRescue service districts and EMS service areas effective October Fiscal Year 27 YTD Actual is higher due to the increase in the fees which are determined in October and are based on the amount of trash generated for each area, and the number and type of households. 7. Fiscal Year 27 YTD Actual is lower due to a delay in the receipt of the billing information in FY7. 5

7 Lee County, Florida EXPENDITURES BY SIGNIFICANT DEPARTMENT As of January 31,27 and 26 (in dollars) GOVERNMENTAL ACTIVITIES County Commissioners County Manager Medical Examiner Visitor & Convention Bureau Public Safety Library Parks & Recreation Economic Development Animal Services Community Development Public Works Administration Construction & Design Natural Resources Transportation Solid Waste Transportation Facilities (Tolls) Water &Wastewater Transit Port Authority 1,224,249 1,448,449 2,362,14 1,888,61 44,5,3 28,387,27 38,316,1 1,816,652 4,39,227 28,65,332 1,969,333 16,956,697 6,123,317 39,97,841 1,224,249 1,448,449 2,362,14 1,888,61 44,5,3 28,395,227 42,513,46 1,816,652 4,39,227 28,65,332 1,969,333 16,956,697 6,148,982 39,97, ,67 396,327 99,67 2,14,53 11,482,932 7,61,23 8,62, ,55 1,171,46 6,934, ,999 4,966,96 1,667,686 9,446,875 1,28,431 1,336,776 2,132,464 7,979,232 42,496,854 25,989,173 34,575,655 1,69,987 4,136,724 25,374,176 1,824,743 14,196,179 5,456,467 33,521,62 429, , ,729 1,861,81 11,392,968 9,876,389 8,845, ,733 1,282,88 7,798, ,536 4,985,86 1,812,424 9,59,799 (88,82) (47,565) 156, ,72 89,964 (2,275,186) (243,497) (69,678) (111,762) (864,81) (141,537) (18,9) (144,738) (143,924) -21 % -11 % 21 % 15% 1% 1-23% -3 % -13% -9 % -11 % -21 % 4% BUSINESS-TYPE ACT11 ITIES 54,134,498 54,134,498 11,639,542 44,183,38 9,773, 1,866, % 9,354,468 9,354,468 4,192,39 8,985,183 3,737, ,813 12% 58,5,46 58,5,46 13,289,386 54,288,884 12,64,14 649,246 5% 2,31,96 2,31,96 5,291,436 17,578,728 5,589,732 (298,296) -5% 72,875,599 72,883,99 19,427,34 55,335,33 14,959,33 4,468,37 3% 3 VARIANCE: At least 15% and $5,, up or down -8% -2% COMMENTS 1. Library YTD expenditures are lower in Fiscal Year 27 due to a decrease of $2,912,81 in IGS cost allocations for data processing and network charges. 2. Solid Waste YTD expenditures are higher in Fiscal Year 27 due to an increase for recycle and waste collection services. 3. Port Authority YTD expenditures are higher in Fiscal Year 27 due to an overall increase in operating costs such as personnel costs, liability insurance premiums, janitorial, and building maintenance. 6

8 Lee County, Florida SIGNIFICANT PROJECTS As of January 31,27 I dollars) Project Name Projected Cost Midfield Terminal 437,871, ,54,165 3,676, ,216,83 DAG Colonial/McGregor - US 41 4,35, 419, , ,822 D,I Conservation ,9,931 89,72,97 2,557,32 92,259,939 A Justice Center Expansion 137,417,334 53,254,483 6,34,631 59,559,114 AD Solid Waste Processing Equipment 13,195,481 7,918,99 14,358,23 85,277,193 D,E Sanibel Bridge Replacement - A, B & C 119,98,148 89,27,16 5,945,84 94,972,244 DS Babcock Ranch Acquisition 116,224,29 41,538,62 41,538,62 A Three Oaks Parkway Extension South 62,625,27 23,27,165 2,485,892 25,756,57 A,GT,I,S Burnt Store Road Four Laning/Right of Way 55,959,93 2,175,358 16,425 2,281,783 E Bicycle/Pedestrian Facilties 5,442,717 1,13,292 1,64,269 11,194,561 GT,I Estero Parkway Extension 48,887,3 14,385,81 1,798 14,395,879 A,GT,I,S Jail Expansion 45,36,937 1,697,428 3,29,258 4,987,686 A,D Summerlin 8 San Carlos to Gladiolus 43,834,692 25,919,725 4,3,342 29,95,67 A,D,GT,I Summerlin 8 Boy Scout to Cypress Lake 4,354,215 2,683,127 69,872 3,292,999 A,E,GT,I Three Oaks Parkway Extension North 35,566,445 2,64,21 89,9 2,153,219 A,D,GT,I Airport Sewer District 33,355,57 5,623,948 28,52 5,652,45 E Lee Tran Operations & Maintenance Facility 31,13, , ,552 E,GS Matlacha Pass Bridge Replacement 27,688, 516,529 25, ,188 GT,I Three Oaks WWTP Expansion 27,482,324 12,57,69 2,67,363 14,124,432 E Imperial Street 25,285,812 11,191, ,2 12,162,998 1,s Lakes Park Master Plan 24,882,121 1,36,221 58,661 1,364,882 A,I-R Three Oaks Parkway Widening 21,25,6 9,415, ,999 9,783,622 A,GT,I Gladiolus Widening 19,582, 3,285,414 8,59 3,365,473 A,GT,I Sanibel Toll Facility Plaza Rehab Ortiz Avenue/SR8 - Luckett 18,896,742 18,29,6 7,474, ,816 1,372, ,87 8,846, ,93 DS I Northwest Regional Library 18,57,13 323,4 39, ,255 LA Wa-Ke Hatchee Community Park 16,78,196 3,11,55 31,472 3,42,527 A,I-C,S Estero Community Park 16,27,65 12,974, ,712 13,394,637 I-R Ortiz Four Laning -MLK to Luckett 15,88,826 1,224, ,151 1,915,424 A,GT,I Projected Cost and Funding Sources are provided at the beginning of Fiscal Year and are subject to change. This information is obtained from the Annual County Budget Report and is updated annually. Funding Source Key A - Ad Valorem D - Debt Finance E - Enterprise Fund G - Grant GT - Gas Tax I - Road Imuact Fees I-C - Community Park Impact Fees I-R - Regional Park Impact Fees LA - Library Ad Valorem S - Special T-TDC M - MSBU/TU 7

9 Lee County, Florida Road Impact Fee Funds as of January 31,27 Fund District Cash Balance Budget Actual Encumbrances Road-Fort Myers $ 62,21 $ 85,652 $ 234,16 $ 52,241 Road-North Fort Myers/ Aha 1,79,974 2,19,73 1,248,278 1,138,625 Road-East Lee County 9,22,96 1,653,762 2,688,873 3,751,978 Road-South Ft. Myers/San Carlos 2,796,122 2,49, , ,814 Road-Cape Coral/Pine Island 628, ,963 22, ,22 Road-Sanibel/ Captiva 5,41 5,81 Road-Boca Grande 74,385 64,364 14,453 Road-Bonita 1,56, ,427 11, ,835 Road-Boca Grande 12,112 1,718 Road-North District 4,858,2 4,521,593 75,5 19,74 Road-Central District 63,665,16 51,154,531 1,146,256 7,379,243 Road-Southwest District 24,293,541 26,967,39 6,392,112 18,79,48 Road-Southeast District 6,8,964 3,52,7 1,3, Total for all Road Impact Fee Funds $ 114,751,94 $ 13,173,477 $ 12,685,152 $ 32,876,611 8

10 Lee County, Florida DRIVER EDUCATION SAFETY TRUST FUND As of January 31,27 (in dollars) BUDGETED BUDGETED YTD YTD REMAINING FUND BALANCE REVENUES REVENUES APPROPRIATED EXPENDITURES APPROPRIATIONS RESERVES 358, , 65, , 138, 443,729 Pavment Activitv Payee Amount Paid TOTAL YEAR-TO-DATE $ 9

11 $ $ INVESTMENT SUMMARY FOR THE MONTH OF JANUARY 27 FACE COUPON/ PREW PURCHASE VALUE PURCHASE MATURITY TOTAL VALUE TYPE RATE (DISC) PRICE 6' EOM DATE DATE ** 1NT.REC. a $2,, a 2,, a 2,, a 2,, a 2,, a 2,, a 1,, a 2,, d 62,249,64 a 2,, a 2,, a 2,, a 2,, a 2,, a 2,, a 2,, a 16,995, a 24,39, a 2,, a 2,, a 2,, a 3,, a 2,, a 1,, a 2,, g 657, a 5,, a 2,, a 2,, a 2,, d 16,815, a 2,, g 26,192,763 b 163,237 a 2,, d 7,, a 1,, $699,462,64 I FLEX FHLMC FHLMC FFCB FHLMC DN FHLMC FHLMC DN 5.45% 5.45% 4.75% 5.5% 5.5% 5.5% 5.5% 3.125% 5.63% 5.45% 5.3% 5.375% 5.4% 5.3% 5.25% 5.35% 5.1% 5.% 5.% 5.% 5.125% 5.% 4.25% 5.% 5.4% 4.25% 4.25% 5.15% 5.2% 5.15% 5.9% 5.5% 3.71% 3.71% 5.% 5.15% 6.25% $ (12,5) 8, (1,) (56,938) (2,) (18,75) (2,) (17,) (42,487) 3,811 18,75 (128,125) (4,979) (37,5) (16,) (3,) (416,54) (182,253) $2,, 2,, 19,987,5 2,, 2,, 2,8, 9,999, 19,439,62 62,249,64 2,, 19,998, 19,981,25 19,98, 2,, 19,983, 2,, 16,952,513 24,393,811 2,, 2,, 2,, 3,18,75 19,871,875 1,, 2,, 652,21 4,962,5 2,, 19,984, 19,997, 16,398,946 2,, 26,192, ,237 2,, 6,817,747 $19,975, 2,, 19,934,375 19,981,25 19,987,5 19,987,5 9,993,75 19,432,8 62,249,64 19,987,5 2,, 19,992, 19,975, 19,968,75 19,935,4 19,962,5 16,947,21 24,38,293 19,931,25 19,931,25 19,925, 29,915,625 19,864,8 9,971,875 2,, 652,973 4,969,35 19,968,75 19,975, 19,975, 16,434,981 19,986,6 26,151, ,982 19,988,8 6,973,4 51,563 1,51,563 1,3,125 ($1,38,462) $698,82,178 $697,41, $ 599, ,5 54, 53, 525, 433,373 1,212, , ,444 1,25, 1,48,333 5, 54, 13,961 16,25 515, 52, 515, 55, 1,46,656 6,56 $13,481,924 MATURED/SOLD INVESTMENTS FACE COUPON/ PREW PURCHASE PURCHASE MATURITY TOTAL VALUE TYPE RATE (DISC) PRICE DATE DATE ** 1NT.REC. a $~O,OOO,OOO 5.75% $ $2,, $575, a 1,, 5.75% 16, 1,16, ,5 a 1,, 5.75% 1, 1,1, ,5 a 2,, 5.75% 8,6 2,8, , d 18,1, DN 5.24% 17,638, ,47 a 1,, CD 4.7% 1,, , $88,1, $34,6 $87,673,553 $2,656,47 I I I SUMMARY OF ALL INVESTMENTS SBA and other liquid investment amounts have variable interest rates from 5.12% %. The balances and interest rates for these investments fluctuate daily. At the end of the month the SBA rate was 5.382%. LIQUID TERM OVERNIGHT min max min max min max Pool $651,738,352 - $744,736,321 Port $ 86,886,93 - $ 91,412,77 Trustee $114,381,76 - $139,278,573 Debt Svc $ 4,432,878 - $ 45,761,198 Reserve $ 2,711,947 - $ 2,715,488 Const $ 14,874,787 - $19,323,997 Total Interest $4,326,677 ~ $526,117,198 - $596,23,361 $ 163, ,238 $ 17,334,844 - $ 17,346,69 $ - $ $ 26,844,784 ~ 26,844,784 $ 85,466,332 - $ 85,466,332 $2,483,367 SEE REVERSESIDE FOR DEFINITIONS $ - $ $ - $ $ 1

12 I Disc Rate Discount rate DEFINITIONS Federal National Mortgage Association Prem Premium FFCB Federal Farmcredit Bank Disc Discount TVA Tennessee Valley Authority Mkt Value B EOM Total Int Rec Market Value at the end of the month Total interest received for life of investment SBA Treasury Note State Board of Administration FHLMC EOM O/N REPO REPO Federal Home Loan Bank Federal Home Loan Mortgage Corporation End of Month Overnight Repurchase Agreement Term Repurchase Agreement O/N DISC T-BILL DN CD 5TH/3RD Overnight Discount Note Treasury Bill Discount Note Certificate of Deposit Filth Thrid Bank FLEX Flex Rep NOTE Discount notes and Treasury Bills are purchased at a discount and the face value is received at maturity. The discount is the interest rate earned. All other securities pay interest each six (6) months and at maturity. The Government Bills, Notes and Bond inventoly identifies the purchasing source by the following: a) Pooled Cash Invest b) P.A. Pooled Invest c) Debt Service d) Construction e) General Fund fj Reserve g) P.A. Non-Pool