David R. Ellspermann Clerk of the Circuit Court John W. Garri, CPA Finance Director Clerk of the Circuit Court Board of County Commissioners Finance Department Post Office Box 13, Ocala, Florida 34478-13 11 NW First Avenue, Ocala, Florida 34475 Telephone: (352) 671-552 Facsimile: (352) 671-5519 www.marioncountyclerk.org TO: FROM: David R. Ellspermann, Clerk of the Circuit Court ~. John W. Garri~CPA, Finance Director DATE: July 7, 217 SUBJECT: Interim Financial Statements We have prepared the attached Interim Financial Statements for the Solid Waste Disposal Fund and Marion County Utilities Fund for the period April 1, 217 through June 3, 217. Please advise if you need any additional information. JWG/el cc: Mounir Bouyuones Mike McCain Mike Sims Angel Roussel Sachileon jg Solid Waste Interim Financial Statements
SOLID WASTE DISPOSAL FUND ACCRUAL BASED INTERIM BALANCE SHEET UNAUDITED FINANCIAL STATEMENTS Fiscal Year 216/217 Account Title 6/3/217 12122 Cash on Hand - Change Fund $ 1, 14 Equity in Pooled Cash 694,341 TOTAL CASH 115111 Accounts Receivable 43,698 TOTAL ACCOUNTS RECEIVABLE 135121 Accrued Interest on Inv 149,236 151121 Local Govt Surpl Funds TF 11,45,456 151611 Investments - Operating 47,347,44 TOTAL UNRESTRICTED CASH 58,947,132 156941 Prepaid Landfill Fees 2,, 16923 Landfill Mgmt Escrow Acct 9,621,947 TOTAL RESTRICTED CASH 29,621,947 TOTAL INVESTMENTS 161911 Land 1,43,77 162911 Buildings 3,891,95 163911 Ace Depr- Buildings (1,699,528) 164911 Imp Other than Bldgs 35,383,24 165911 Ace Depr - Improvements (29, 789,66) 166911 Equipment 8,154,546 167911 Ace Depr- Equipment (5, 789,8) 169911 Const Work in Progress 3,765,987 TOTAL PROPERTY, PLANT & EQUIPMENT 1961 Deferred Outflows - FRS 622,42 1962 Deferred Outflows - HIS 74,291 TOTAL ASSETS 283251 Dept of Banking & Finance $ 325 28546 Dept of Rev - Sales Tax 7 286311 Clerk of the Court 5 22111 Deposit - Solid Waste Fees 14,295 239931 Compensated Absences 239,213 TOTAL CURRENT LIABILITIES 253,89 237911 Other Post Employment Bene 332,32 239921 Landfill Closure Costs 18,698,877 239922 Remediation Costs 3,444,895 239961 Net Pension Liab - FRS 1,377,487 239962 Net Pension Liab - HIS 432, 153 2961 Deferred Inflows - FRS 95,71 2962 Deferred Inflows - HIS 8,589 TOTAL LONG TERM LIABILITIES 24,39,23 TOTAL LIABILITIES 271111 Retained Earnings 8,321,315 TOTAL EQUITIES TOTAL LIABILITIES & EQUITIES $ 695,341 43,698 88,569,8 14,96,776 $ 14,965,228 $ 24,643,913 8,321,315 $ 14,965,228 Paqe 1 of 1
COMBINED INTERIM STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS Prepared by the Clerk of the Circuit Court Accounting and Finance Division Unaudited Financial Statements Fiscal Year 216/217 For the Nine For the Nine Months Ended Months Ended Solid Waste Fund 6/3/217 6/3/216 Operating Revenues: Tipping Fees $ 2,9,365 $ 1,835,528 SWD Assessments 11,775,292 1,967,254 Miscellaneous Revenues 45,243 63,619 Total Operating Revenues 13,829,899 12,866,41 Operating Expenses: Personal Services 2,157,75 2,8,871 Contracted Services 1,741,556 1,477, Supplies and Materials 347,544 33, 118 Repairs and Maintenance 956,448 94,829 Other Services and Charges 513,782 493,46 Depreciation 1,43,229 1,348,686 Amortization Refunds Provision for Closure & Long Term Care 267,567 267,567 Premiums/Claims Expense 123,651 121,719 Total Operating Expenses 7,51,852 7,6,25 Operating Income (Loss) 6,319,48 5,86,151 Non-Operating Revenue (Expenses): Grants 6 Investment Income 322,269 419,253 Interest and Fiscal Charge Expense Gain(Loss) on Disposal of Fixed Assets 63,48 7,84 Total Non-Operating Revenues (Expenses) 385,755 49,93 Income (Loss) Before Contributions and Refunds 6,74,83 6,296,244 Transfers In Transfers (Out) Capital Contributions 352,513 352,513 Change in Net Assets 7,57,315 6,648,757 Total Net Assets - Beginning, 1/1/16 73,264, 61,466,245 Total Net Assets - Ending, 6/3/17 $ 8,321,315 $ 68,115,2 Page 1 of 1
MARION COUNTY UTILITIES ACCRUAL BASED INTERIM BALANCE SHEET UNAUDITED FINANCIAL STATEMENTS Fiscal Year 216/217 Account Title 6/3/217 1136452 SunTrust Bank - Utility Dep $ 616,251 12111 Cash on Hand - Petty Cash 3 12122 Cash on Hand - Change Fund 1, *14 Equity in Pooled Cash 75,473 TOTAL CASH 115111 Accounts Receivable 2,535,249 115141 Accounts Receivable - Other 1,89 117111 Allowance for Un coll AfR (975,) TOTAL ACCOUNTS RECEIVABLE 135121 Accrued Interest on Inv 56,3 141111 Inventory-Supplies 937,539 151121 Local Govt Surpl Funds TF 8,698,273 151611 Investments - Operating 17,767,731 TOTAL UNRESTRICTED CASH 27,459,545 16924 Fees - Water Connection 46,35 16925 Fees - Sewer Connection 499,239 16941 Cash Reserve - Debt Service 4,35,6 16942 Cash Reserve - Sinking Fund 1,488,383 16943 Cash Reserve - R & R 1,333,859 TOTAL RESTRICTED CASH 7,763,432 TOTAL INVESTMENTS 161911 Land 7,659,739 162911 Buildings 4,838,25 163911 Ace Depr - Buildings (1,744, 199) 164911 Imp Other than Bldgs 21,89,686 165911 Ace Depr - Improvements (98,237, 145) 166911 Equipment 6,5,843 167911 Ace Depr- Equipment (5,523,45) 169911 Const Work in Progress 4,25,914 TOTAL PROPERTY, PLANT & EQUIPMENT 1961 Deferred Outflows - FRS 987,821 1962 Deferred Outflows - HIS 118,842 TOTAL ASSETS $ 693,25 1,562,138 35,222,977 118,69,639 $ 157,194,442 22111 Accounts Payable - System $ 1,817 23111 Notes & Loans Pay- Current 15,88 25211 Retainage Payable on Cont 22,136 283251 Dept of Banking & Finance 47,2 215111 Accrued Interest Payable 45,75 22114 Deposit- Water Service 34,628 22115 Deposit- Sewer Service 311,624 2234524 Water Unearned Revenue 2, 148,211 2234525 Sewer Unearned Revenue 3,37,38 239931 Compensated Absences 292,761 TOTAL CURRENT LIABILITIES 6,765,92 23911 Notes & Loans Pay - Long Tm 23,524,76 232911 Rev Bonds Pay - Long Term 58,225, 224912 Unamort Premiums on Bonds 1,549,398 224961 Deferred Chg Debt Refunding (2,899,446) 237911 Other Post Employment Bene 492,672 239961 Net Pension Liab - FRS 2,22,81 239962 Net Pension Liab - HIS 699,263 2961 Deferred Inflows - FRS 164,22 2962 Deferred Inflows - HIS 13,77 TOTAL LONG TERM LIABILITIES 83,972,42 TOTAL LIABILITIES 271111 Retained Earnings 66,456,12 TOTAL EQUITIES TOTAL LIABILITIES & EQUITIES $ 9,738,34 66,456,12 $157,194,442 Pace 1 of 1
COMBINED INTERIM STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS Prepared by the Clerk of the Circuit Court Accounting and Finance Division Unaudited Financial Statements Fiscal Year 216/217 Marion County Utilities Operating Revenues: Charges for Services Miscellaneous Revenues Total Operating Revenues Operating Expenses: Personal Services Contracted Services Supplies and Materials Repairs and Maintenance Other Services and Charges Depreciation Amortization Refunds Provision for Closure & Long Term Care Claims Expenses Total Operating Expenses Operating Income (Loss) For the Nine Months Ended 6/3/217 $ 19,74,8 1,26,118 2,1,918 3,689,183 861,658 637,718 63,851 1,725,574 11, 125, 153 (81,546) 322,38 18,883,971 1,216,947 For the Nine Months Ended 6/3/216 $ 17,32,743 1,42,632 18,75,375 3,448,94 775,962 684,4 679,159 1,616,855 7,983,458 (81,546) 316,868 15,423,7 2,651,675 Non-Operating Revenue (Expenses): Grants Investment Income Interest and Fiscal Charges Expense Water Connection Fees Wastewater Connection Fees Gain(Loss) on Disposal of Fixed Assets Total Non-Operating Revenues (Expenses) Income (Loss) before Contributions and Refunds Transfer In Transfer (Out) Capital Contributions Change in Net Assets Total Net Assets - Beginning 1/1/16 Total Net Assets - Ending 6/3/17 31,442 133,63 (2,457,534) 499,219 64, 165 16,514 (893,59) 323,357 323,357 66,132,745 $ 66,456,12 38,715 168, 166 (3,77,742) 772,381 89,9 3,91 (1,285,561) 1,366,114 1,366,114 61,256,974 $ 62,623,88 Page 1 of 1