HomeMy WebLinkAboutR-77-0530rtre%rb
6/11/17
RtSbLUMO i NO, 77 530��_ �--
A RESOLUTION RECEIVING THE ANNUAL POST
AUDIT EINAfCIAL REPORT POR FISCAL YEAR
1976'76 PREPARED EY PEAT, MARwICt<,
MITCHELL & CO, AND AUTHORIZING THE CITY
CLERE TO RETAIN SAID REPORT AS A PUBLIC
RECORD FORA MINIMUM of 10 YEARS,
WHEREAS, Chapter 104500, Rules of the Auditor
Genera1,provides that municipalities be subject to a post
annual financial audit by an independent certified public
accountant retained and paid by the municipality; and
WHEREAS, Chapter 10.510, Subsection 6, requires
that the said annual post audit report shall be received by
the municipality at a regular meeting of its governing body;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION
OF THE CITY OF MIAMI, FLORIDA:
Section 1. The annual post audit financial report
covering the period from October 1, 1976 to September 30, 1976,
prepared by Peat, Marwick, Mitchell & Co., and consisting of
42 pages, dated May 9, 1977, is hereby received by the City of ..
Miami this date.
Section 2. The City Clerk is hereby authorized and
directed to retain the aforesaid report as a public record for.
a minimum of 10 years from the date hereof.
PASSED AND ADOPTED this 21 day of DUNE . 1977.
MAURICE A. FERRE
ATTEST; MAURICE A. FERRE, MAY 0 R
PH c�
ONGIE, CITY CLERK
PREPARED AND APPROVED BY:
rekl
. RPBERT F. CLARK
'ASSISTANT CITY ATTORNEY
APPR' '2,D AS TO FORM AND CORRECTNESS:
ITY AT
"DOCUME T INDEX
ITEM No.
fr-
ITY COMMISSION
MEETING OF
J U N 2 1 1977
artier Ei dundersatt .,
biteetot of VL Canoe
Rules of the Auditor Cote
Annual Post Audit "Deport
Chapter shall be received
meeting of its gbVernitig,
for.; at least teat yearse
is t 4 i! .
R061.4.ti.otteoei 1fl A tau
at Audit Report `
rat, Chapter 'MOO) provide that the
andaty cotYllne11t5 iequired, by this
by the municipality at a regular.:,
body and.retaitned.as a public record
Please have the attached resolution, receiving the Annual
Post Audit prepared by Peat) Marwick) Mitchell & Coe) _; placed
on the agenda of the next commission Meeting.
JFG : vh
cc: George Fe Knox) Jr., City
is/Original Resolution
OITY OF MIAi4I4 FLOkTbA
pinatitci$1 Statetnettts
Septetnber. 3b,` 1976
CWith Actbutitants''Repott Thereon
at,Marwick, Mitchell & Co.
CERTIFIED PUBLIC ACGQUNTANTS;
dim Vgtt,LbttbA
Pinangia1 Statefients
Year ended Septeiber fib; 1976
TatO.6f.w..:COtiterts.
PartStatef►ents:
Accountants' Report
Combined Balance Sheet All Funds and Account Croups
`Combined Statement of Revenues, Expenditures, -Transfers
and Operations - All Funds Excluding Eudgetary Funds.
and Trust and Agency Funds
General Fund - Statement of Revenues, Expenditures,
Encumbrances and Transfers = Budget and Actual
Special Revenue Funds - Statement of Revenues,'Expenditures,
'Encumbrances and Transfers - Budget and Actual
Federal Revenue Sharing Fund - Statement of Revenues,
Expenditures, Encumbrances and Transfers - Budget and
Actual
Trust and Agency Funds - Statement of Revenues, Expenditures,,.
and Transfers
Combined.Statementof Changes in Fund Balances, Contributed:
Capital and Retained Earnings - All :Funds
Enterprise Funds - Statement of Changes in Financial
Position
Notes to Financial Statements
art II — Supplementary Schedules
Special Revenue Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
Encumbrances and Transfers - Budget and Actual" I-2
Combining Statement of Changes in Fund Balances I-3
Debt Service Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, Transfes..........................
and Changes in Fund Balances II-2
:txhibit
Schedule-
IttOiff fi'fi i.$ ittiiLlt,AtVtitiNtAl,ki
ititit liitit t t .i, AVI•IN'
'The HottOfable Members
Of the City Cotifltissioh
City of Miami, VlOridat
We have examined the financial statements of the various funds and account
groups of the City of Miatni, Florida for the year ended September 30, 1976
as listed under the exhibits in the accompanying table of contents. Our
examination was made in accordance with generally accepted auditing stand-
Ards, and accordingly included such tests of the accounting records and
such other auditing procedures as we considered necessary in the circum-
stances.
The Department of Off Street Parking and the Downtown Development Authori-
ty are autonomous units of the City of Miami, Florida. The financial state -
tents of these entities for the year ended September 30, 1976, which are
examined by another firm of certified public accountants, are not included
in the accompanying financial statements.
As described more fully in note 1 to the financial statements, the City
does not provide depreciation on property, plant and equipment of the
Enterprise and Intragovernmental Service Funds as required by generally
accepted accounting principles.
In our opinion, except for the effect on the financial statements of the
failure to provide depreciation on property, plant and equipment of the
Enterprise and Intragovernmental Service Funds as discussed in the preceding
paragraph, the aforementioned financial statements present fairly the fi-
nancial position of the various funds and account groups at September 30,
1976 and the results of operations of such funds and the changes in financial
position of the Enterprise Funds for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with
that of the preceding year after giving retroactive effect to the change,
with which we concur, from the modified accrual basis of accounting to the
full accrual basis of accounting for the Enterprise and Intragovernmental
Service Funds as explained in note 3 to the financial statements. Supple-
mentary data included in Schedules I-1 through VII-2 have been subjected to the
same auditing procedures and, in our opinion, except for the effect of the
failure to recognize depreciation in the Enterprise and Intragovernmental
Service Funds, are stated fairly in all material respects when considered
in conjunction with the financial statements taken as a whole.
FL4a: 7/7a4.1.4pf;cA.,
January 29, 1977
Iitaticiai
Peat, Marwick, Mitchell & Co
CERT1FIEP PUBLIC: ACCOUNTANTS
141411
`ixste al StateMettts
ear etddd 8eptefber SO# 1§76
Tibl :: nf,.:Cbt%teb,ts
art t g:'' `i audia1 Statettents
Atceuntants' Report..
Combined t3alante Sheet All Funds and Account Groups..
Combined Statement of Revenues, Expenditures, 'Transfer§
and Operations - All Funds Excluding Budgetary Funds
'and Trust and Agency Funds
,General Fund Statement of Revenues, Expenditures,
Encumbrances and Transfers Budget and Actual
Special Revenue Funds - Statement of Revenues, Expenditures,::
Encumbrances and Transfers - Budget and Actual
Federal Revenue Sharing Fund Statement of Revenues,
Expenditures, Encumbrances and Transfers - Budget and,
Actual
Trust and Agency Funds Statement' of Revenues, Expenditures'
and Transfers
Combined Statement of Changes in Fund Balances
Capital and Retained` Earnings All Funds
Contributed
Enterprise Funds - Statement of Changes in :Financial'
Position
rotes to Financial Statements
h b t
Part -III 'Supplementary Schedules Schedule
Special Revenue Funds:
Combining Balance Sheet I-1
Combining Statement of.Revenues,'Expenditures,
Encumbrances and Transfers -'Budget andActual I-2;
Combining Statement of Changes in Fund:Balances- ,I-3
Debt Service Funds:
Combining Balance Sheet
Combining Statement of Revenues
and Changes in FundBalances
Expenditures,
Transfers
CtitMtAtt3 fittYttti5A
41‘ 0 f t,§ ,AOrit.-1
ift trig :ITStilatid. hee.
— .•
stethetth of Ope •
th1ihIttgStatement of Chatgaa'it ciottributed
Capital and Retained EatrthgS
ttiterprise PUtidS:
tOrnbitiing Balance Sheet
CoMbihing Statement of Operations
Combining Statement of Changes in Contributed
Capital and Retained Earnings
Ceneral Obligation Capital Projects Punda:•
• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures
and Transfers
• Combining Statement of Changes in Fund Balances
Combined Statement of Long -Term Debt Payable.
Trust and Agency. Funds:
Combining 13ala.nce Sheet •
Composition of 'Fiduciary Accounts' Fund Balance
4110dult
• tII'2
1V4
,Iv.2
V-2
V3
VI
VII-I
VII-2 •
1 tAt, .MAI4Wit tc, <Mttt'tt tit,L L t
ttfiti i9 t'tiitti'r_ At UtIN tAktk
1000 itiHHCtcta,t, AVI!:Ntrt:
iitA`tt, t-t:citittiA ;3'1111
the totietable Mothers
Of the City Commission
City Of Miami, Florida:
We have examined the financial statements of the vatioUs funds and account
groups of the City of Miami, Florida for the yeat ended September 30, 1976
as listed under the exhibits it the accompanying table of contents, Our
examination was made in accordance with generally accepted auditing stand-
ards, and accordingly included such tests of the accounting records and
such other auditing procedures as we considered necessary in the circum-
stances,
The Department of Off Street Parking and the Downtown Development Authori-
ty are autonomous units of the City
oettdedMiami,
SeptemberFlorida.
30,The
1976�nwhichlareate-
ments of these entities for the year
examined by another firm of certified public accountants, are not included
in the accompanying financial statements.
As described more fully in note 1 to the financial statements, the City
does not provide depreciation on property, plant and equipment of the
Enterprise and Intragovernmental Service Funds as required by generally
accepted accounting principles.
In our opinion, except for the effect on the financial statements of the
failure to provide depreciation on property, plant and equipment of the
Enterprise and Intragovernmental Service Funds as discussed in the preceding
paragraph, the aforementioned financial statements present fairly the fi-
nancial position of the various funds and account groups at September 30,
1976 and the results of operations of such funds and the changes in financial
position of the Enterprise Funds for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with
that of the preceding year after giving retroactive effect to the change,
with which we concur, from the modified accrual basis of accounting to the
full accrual basis of accounting for the Enterprise and Intragovernmental
Service Funds as explained in note 3 to the financial statements. Supple-
mentary data included in Schedules 1-1 through VII-2 have been subjected to the
same auditing procedures and, in our opinion, except for the effect of the
failure to recognize depreciation in the Enterprise and Intragovernmental
Service Funds, are stated fairly in all material respects when considered
in conjunction with the financial statements taken as a whole.
Exhibit A.
.Assets and0Other Debits
Cash z(note 1)
Investments, at:cost, which approxi-
emates ,market (note 1)
Receivables:
Taxes receivable - delinquent
{less allowance for estimated
uncollectible amounts of
$1,+800, 840)
Interest and penalties receivable
on taxes <less.allowance for
.estimated uncollectible.amounts
of 48.341)
tGen,rul accounts receivable
Assessment liens receivable
Accrued income
:other
Inventories, at cost ,(note 1)
.property, plant and :equipment <note 1)s.
land
Buildings
Improvements .other than buildings
Machinery and equipment
:Amount available for retirement of
tbonds:
,General obligation
Special obligation
Amount to be ;provided for retirement ..
,of ibonds:
iGeneral .obligation
Special :obligation
8)ue from ether funds .note 1)
tOther.
1 owblued
CITY OF M1AM1, 1LORIDA
Balance Sheet - All Funds and Account Groups
September 30. 1976
Special=Revenue Funds
SpecialFederal
General f`. Tax Revenue
Fund :.: -Levy Sharing
713,801 151,686.
119,894
2,'500,000
,243,922 795,641
789
56.545
1,106,849
A7.174
$ 5,015,173
Debt
Service
Funds
34,120
5,239,690. '„1.300,531,
2,159;261
.609,52:1 .': 441,717
:545.645
71,529
14,573
20.898:
lutragovernmental
Service
Funds
119,826`.
Capital Projects Funds
General Special.
Trust and : Obligation Obligation General
Agency ': Enterprise Capital Capital. Fixed
Funds ., ;.Funds Projects Improvements Assets.
196 '512,085 - 196.572
.55,000 112,550
3.329..:.
7;777 :.
723,552
7,637,002
9,762.589 . 1;130,685
_1236 i
'.131 37s 1,999,354 11 7499,88S 9 +,6,`7+4
3.511,689
2.083
42,559,572 •..5,860.576,
93.517 -
- 32,467 .:
150.110.. . 442,291'.`
•
1.820;108
21,102.427
758,954 -:-
.12,776'.
12.719.65OE
14.905.787
110,393.747
7.019.766
126,000 1.985,308 2.980.000,
3,624,415 24,543,201::45.216:
z; t3f.. 1.45n}:
(Cuu. •.1)i.
General.
Long:Term,
Debt
8,9211.711
1.285,889
'95,259.289
:5.196.111
I11,41,f2000°
ermrarmrrrr III 11 III
Exhibit A Cant:,
1
-CITY;OF $1A.41,:.FLORIDA
Combined Balance.: Sheet.- All Funds.:'and Account Croups+
--.- .Capital Pcojec[s Funds-
....
,.,..Special -Revenue-Funds General Special
,-Special Federal Debts .Intragovernl'mentaTrust and -- Obligation Obligattoa General Ceaeta>.
General„„:'.'. -Tax Revenue'. ;Service "- Service Agency Enterprise Capital - Capital _ ' Fixed: Con* -Termµ
.!Liabilities:--.. :::Fund Levy Sharing Funds- Funds', ,: -Funds Funds ' Projects Improvements ..:.Assets Debt
Accrued. liabilities 1(principally salaries). $: ••'884,158 12,524-. :10,815 - - 54,360 36,659 2,688. - -
;Accounts payable
:;Accounts payable andencumbrances .out--. .
standing ;(note 1)
Deferred income
81.604 33.293 34,299'.2.304.104_
1,377,113 259,052 1,695,171 - -
1.445;391 - - 282,043
Tax anticipation motes payable, including
Interest ;(note 7) - - 410,000 - -_
itevenue toads payable (note:6) - - - 285.000
;?D
.eposits refundable _ .: - :.. 174,553..
290,300 3,220.321 204,550 8.050.107 2',962.700 :•-
�ue to other funds :(note 1) 3,714,983 592,861 - - -: -
'Claims ;payable (note '9) 187.500 ` - - -7.
305,000" - -
=Ceneral obligation bonds; payable (note 6) 25.000 - - 041180,000 1
Special Obligation bonds payable _(note'6). - _ - _ 6,482',000. i
1 10,356,899' 2.962,700 „ 110�,662,000i 3,
Total liabilities 5;609�145'864,437 1,705,98b_!. 435,000 731.264 3.428,167 842.55
iund!Balance, ,Contributed Capital
and Retained Earnings
fund ihalances Fund Balances r(deficit)-unappropriated (573-972 1 266 891, 6286,368 ,-629 - 34.859.311':.
- appropriated- _ 2,342,,
)li , a. 8,972,629 ,: 196,268.. _` `.. 5.892.735::
Contributed -capital and retained :earnings. -
appropriated
.aContributed«capiial and retained earnings
'unappropriated. - - -
Investment .in general fixed assets - - -
$ 5,035,1 71 .`: 2, i1.128 7,:992.,354 : 11,749y885
sec accompany nz motes sto financial statments.
: 500.000 9,723'
;8.725.530 - 23.710,927
_ - I45,038.945
3_._624,435 24,563 2_0145.216230.. 8 855..435 145.018.' 5 110,662C
•
Exhibit_: &
CITY OF MIAMI, FLORIDA
,combined.Statement 'of Revenues, :Expenditures, Transfers ,and Operations;—„
All Funds; Excluding Budgetary Funds and Trust and Agency Funds
Year ended September 30, 1976
Revenues and, other :sources;
Sales of bonds
General property taxes
Franchise and utilities service taxes,,:
31evenue from operations
.assessment liens collections •
interest
Total revenues
Transfers from other funds
Total revenues and -transfers
Rxpenses and expenditures:
i;ond principal
Bond interest
-Tax anticipation notes, including interest
Operating expenses
Administrative charges
Capital projects expenditures
Fiscal agents fees
- Total expenses and expenditures
Transfers to other funds
Total expenses,, expenditures And
- transfers
Met .income t(loss)
:.cess-(deficiency) of revenues and transfers
over expenditures and Iran' fern
ee _,arcompanynng
otes ,to- f jn:jl t ial statements -
Capital Projects Funds:
General Special
,. Debt, Intragovernmental Obligation Obligation
Service Service Enterprise. Capital Capital
Funds ' Funds Funds Projects Improvements
8,064,787,
13,555,775
72,993
427,689
305,431
22,426,675
3,139,231
25,565,906
7,397,000.
5,850,183.
420,000
105,000
9,400
13,781,583
12'401,465
26;111,948
47.,142
7,000,000
3,352,084
6,157,976 3,044,462 —
2,954.,930 23T,1981
6,157,976 3,044,462 9,954,930 3,589,282
116,281` _
6,274257 r 3,044,462 9,954,930 3,589,282
6,457,327
2,805,,961
21,937,175.
55,0011
190,600
6,457,327. 2,805,961 21,937,175 2455,60G
2937,568 500,
6,457,327 2,805,961 24,874,743 '63,100
1,183_,,070) 238.501
(1491.9,8? )=.
326.182:
dtt t11At 1 t V0It1bA
deteta1. Fund
State ►ent u Revenne6 1Xet ditufea, Encumbfa ►ce'
3udget and Aetual
Year efiddd September 30•, 1076
Getterai tirotietty taxes
:Penalties and interest an delinquent taXee.
ivainess and excise taxes.'
licenses and permits:
Business licenses and Fermits,
Construction permits
Intergovernmental revenue
Federal grants
..State grants
Other.
Intragovernmental revenue (note�1):
'Engineering.services.
'Legal, financial and'other
.Charges for servicest:
Public: safety
• .Recreation
Other. •
Miscellaneous revenues:'.
Interest
Rents
Other
Total revenues.
Transfers from other funds
Total revenues and transfers:
Expenditures and encumbrances:
:-General government:
Mayor and Commission
City Manager
City Clerk
Management Services
Finance
etd raftste
vdget'';
Aetua1.
$ 19,031,184 19,428,843
80,000 183,941
93,5.00 674,248
19, 68-4, 684_ 2012871032
'2,993,100 3,000,369
8031500 879,587
3,79-6,600 32791956
871,304
13,190,000 11,919,764
1,717,455 2,023,740
14, 907, 455 14_, 814, 808
077,000
375,503
1,452,503
367,500
197,720
137,500
702,720
1,200,000
225,296
464,000
1,889,296
42,433,258
22,210,864
64,64 4 122
1,256,720
325,940
1,582,660
410,834
90,321
56,436
557,591
993,965
238,262
726,525
1,958,752
43,080,799
22,697,400
65,778,199
204, 316 198,067
546',413 566,102.
:112',093 127,985
387,748 310,279
1 102 252 1.032.874
(Continue
ddfteral rutid
Statettait 8f ttavatititdue3 hdumbrafieet and trarigtdrg
tudgat and A tual
iatgal
tmployee Serviced
Civil Service
City hall operatiOts
City physician
Elections
Public improvements:
Public works
Building
Planning and toning
Public safety:
Police
Fire
Communications
Sanitation ,
Parks and recreation ,
Other:
Special programs
Alterations and improvetnents
Special community programs
Salary adjustments
Miscellaneous
Total expenditures an
encumbrances
Transfers to. other funds
•Total expenditures, encumbrances
and transfers
Deficiency of revenues and transfers
over expenditures, encumbrances
and transfers - ' • ' ,
See accompanying notes to financial statements,
I , .1•,.
1' •
• .
DwIgkk
643,471
1,471,675
526,893
146,799
146,994
85,895
5,174,549
3,955,834
1,260,462
439,127
5)655,423
20,001,410
13,246,849
1,628,996
34,877,255
10,477,104
4,001,752
817,000
267,599
160,011
2,362,300
3,931,808
7,538,718
i_001
596,332
2,001,701
329,026
1.73,322
132,731
67,938
5 536 357
4,089,950
1,152,292
435,401
5,677,643
18,759,930
13,132,421.
-11.t290308
33,592,159
10,400,131
4,117,516
631,674
90,755
151,912
2,549,209
4,376,981
7,800,531
724,801 67,124 037
184 162 184' 162
67,908,963 67,308,499
3.264,841 1.530.300
8tatethettt",off ieVetttie§, petditute§i thetlEibfafleet
1udget° and Mettta1
ettettues
Gehera1 propetty tastes_`.
Metro Dade Oouttty:' publicity contribution
Other
Total revetittes
1sspenditutes atld etttumbrances
Pension ekpenbe (note 5)
Publicity`an'd tourism'.
Street" lighting'
transfers
Totalexpenditures and encumbrances
Deficiency' of revenues over a tpendi-
tures,`encumbrances;and transfers
See accompanying notes to financial.. statements.
yid firginStet;
476,789
446,000
32,000
Atua1.
10,702,793
440,400
�r.._ 37,.733
10,.048, 789. 11',180, 926
8,383,798
1,228, 005
1,832,659
415,201
86.0 35.6'
8,383,798
1,288,725
1,380,178
_ .357) 269
11,409,970
693
1,4.10,663
229,73/
MTV 0 ` MtAMt bIU1 A
ed aid ievehne Sharing i and
Statement ;• f Revenues, fxtsendituiires, tncumhrences` end renstr rs
Midget and Actual
Year ondei; September 0, 1176
Revenues:
Revenue'sharing entitlements
interest and other
Tbtal revenues
Transfers from other funds
Total revetuues and :transfers:'.
Rxpenditures and encumbrances:
Public safety
Special programs
Recreation
Sanitation
Financial management system
Comprehensive master plan
Transfers
Total expenditures and ,en
cumbrances
to other funds
Total expenditures, encumbrances
and transfers,
Excess (deficiency) of revenues
and transfers over expenditures,:'
encuibrances and.transfers
tuha
A
Actual
,740,746
511039
-9,252,685
046,645
16,299,330
2,673,409 2,660,869
,750,9291_,738,988
:760,374
156,910
.280,511
330,070
743,271
156,771
269,435
111,070
5,926,88.5
5.663.430
5,927,722
6.
563,430
11,590315 12,491,152
(11.590.315)
(A) The City's annual budget does not include revenues for this fund.
See, accompanying notes to financial statements,
`3.808 178
7777
141A
trust Attd Ageftt 1titide
tatetenti o tieveiiues, kpand ttirOs and: Tra ct
Revenues:
Comprehensive t mp :ey iet t and Training
Act grants
Community Development Block (;rant
Other ',Federal,state and miscellaneous
grants
Total revenues'.
t;xpet�citures
Comprehensive t3mployment and 'reaming ..
Act grants
Community Development Block Grant
Other Federal, state and miscellaneoUS
grants
004,687
866,216
Total expenditures 8,165492
Transfers.to other funds
10,Y$7
Total expenditures and transfers 18,353,418
Excess of `expenditures and $ 10,225;195
transfers over revenues
Ccmbitled Statetneht of
1hatiges
fund balances, October ).s 1975, as previously
reported
Contributed capital and retained earnings,
October 1, 1975, as previously reported
Restatements of beginning fund balances and
contributed capital and retained earnings!
Change to full accrual'. basisof
accounting (note 3)
UnrecordedSeptember
.labilities`at
1975 (note 4)
Transfer of construction in pro r
pg(s„
at September 30, 1975 to general
fixed assets (note.:+)
Adjustment to fixed assets at
5eptember 30, 1.9.75 (note 4)
Contribution from general fund at
September_ 30, 1975 (note 4)
Liabilities misolassified as fund
balance (note 4)
Fund balances, 0ctober.l, 1975, as restated
Contributed' capital and retained earnings,`>,
0ctober:1 1975, as restated
Exccss (deficiency) of revenues. and. trans--�`:
fers' over 'expenditures',: encumbrances°.and
transfers
Net i.neome : (loss)
Transfer of": fund balance to .self insurance fund-'
Contributions (to) from other funds
Fund balances(deficit), September:30, 1976
Contributed capi.tal. and retained earnings,
September 30'; 1976,
See accompanying notes to.::financ?al statements.
Gtnctei
'und
r
Seer ial
Special
Tax
Levy
9:56i 328 1) 496 , 62.
956,328
1°,496`,6
530,300)(229,
573,.9722)
1�266.8
kt0A
IAA races, 8, t
but,td t p b 1. ;Aid let i i e d ittit n., sH.
get)ettlbot 30, 1976`.
Th r
:78,19O
1 932,028
286 1.1 31,4, 886
Ce_p'ite...'Pfd,
Certere1
•
Ob,igetCi
htert5rise C pit i
uidsdjer_Es.
7 163,321
84,655 7.35
,779,124
Sera.
Ob1igdtlett
C�pitel'
ttt►po�ietitehts
2,402 891)
566 553,
326,182
1 "t : tiAt41 • ti110A
ttet� .S .'uf tis
tatet; oI c:enges ititatieioeit3:oti':
eted $4tembe041'b
Fuftda pfdilided:
Net inobhe
Iteth not Using ftitide disposition cf tnathinery
equipment
Funds` provided from:t peratiofis. :.
Sale bf-' [tweettnents
Increase iti "athbUnte due to other: funds
Decrease incash
Funds used:
Retlretnent of revenue ,bonds
Increase in receivables
Decrease in: accrued liabilities:
Additions;:to property, plant and equipment'.
Contributions to other funds
counts,,payable and other liabiYities
pecrease in ac
m annotes to financial. statements.
e acco ,in P Y S .;--
Gl` t ` `C ' gtAM' i'. PLbktiA
Votes fig 1ina tdial State:heti -a
5eptefitbet 30, 1.006. •
gi3 ary of Significant...A4c. 0.itig i n s
The gddountittE polidies of the City of Miami, Florida conform to generally
accepted accounting principles as applicable to, governmental units except
fot the nonrecognition of depreciation on the fixed assets of 'the.Enter�
-prise and Intragovernmental Service funds. The following is a sutntiaty of
the tnore significant of such policies
Paid Accounting
The accounts of the City ate organized on the basis of funds or groups of
accounts, each of which is considered to be a separate accounting entity.
The operations of each fund are accounted for by providing a separate set
of self -balancing accounts which comprise its assets, liabilities, fund
balance, revenues and expenditures. The various funds are grouped by
type in the financial statements (see note 2). The Department of Off -
Street Parking and the Downtown Development Authority are autonomous
units of the City. The financial statements of these entities are not
included herein.
Basis of Accounting
The modified accrual basis of accounting, under which expenditures, other
than interest on long-term debt, are recorded when the liability is in-
curred and revenues are recorded when received in cash unless susceptible
to accrual, i.e., measurable and available to finance the City's operations,
or of a material amount and not received at the normal -time of receipt,
is followed for the budgetary funds (General, Special Revenue, and Debt
Service Funds). The accrual basis is utilized (with minor exceptions) by
all other funds.
Encumbrances
Encumbrance accounting, under which purchase orders, contracts and other
commitments for the expenditure of funds are recorded in order to reserve
that portion of the applicable appropriation, is employed in the Generale
and Special Revenue Funds.
Investments
Investments are stated at cost, which approximates market, as indicated on
the respective balance sheets. Investments consist of U.S. Government
obligations and time deposits with commercial banks.
lhVei t ties ate pticed at coot, + h a fitst=in fitat.,ottt basis,.: the itia;
veitteties tecotded in the inttagovernmental setvide rUho consist ptiti�
dipally of expendable supplies held for;" hterhaj cotisumptioti
ptopeirtys..,Piant and ...EgUip neht,.
Property, plant and equipment iti the Ettetprise acid "inttagoveth tentel' >8et:vice
Funds is recorded at cost or, tot donated assets, at fait market value at
time of donation.
The City does not provide depreciation oti ptopetyty, plant and equipment in
the above mentioned funds ea required by generally accepted accounting
principles. The amount of accumulated depreciation at September 30, 1916
and the depreciation expense for the year then ended for these funds cannot
be reasonably estimated at this tithe.
General Fixed Assets
General fixed assets have been acquired for general governmental purposes.
Assets purchased are recorded as expenditures in the General Fund, Capital
Projects Funds, etc., and capitalized at cost 1n the General Fixed Assets
Group of Accounts. These assets include improvements other than buildings,
such as roads, curbs and gutters,; streets and sidewalks, and drainage and
lighting systems.
onated assets are recorded at fair market value at time -of receipt, except
forthe Maurice Gusman Cultural. Center for the Performing Arts and the
'Olympia Building.These proper.ti.Ls were received by the City as a gift
in'July of 1975. As of;September 30, 1976', the,fair market value Of these:
'properties had not been determined, and thus had not been recorded.
No depreciation is provided on general fixed assets.
Pooled Cash and Interfund Accounts
To obtain flexibility in cash management, a pooled. cash system is'employed;'
by all funds including some with restricted assets. Cash is provided to
user funds as needed through due to and due from accounts.
Allocation of Administrative Expenses
The General Fund incurs certain administrative expenses for other funds,
including accounting, legal and engineering services. An administrative
charge !s levied against these funds ,to defray a portion of these expenses.`
Continued)
i 'tipfiefAt, OR
Notes tdi VitAt61.e Stab tents
•the•Getetai Atha also iftcurs terrain "osecutitaftdgtblgtpitist9axtce ctiicL
f'ut d, inciudthg pension dosti sodial
. t:1150i'6tts. :These:cbstsemi a 3. atifi ..$40O,000, ete sorb--0d liy• the
geneti y utid4
j IJ,tsc .p,tionHE_wYuYtcis
Geher01, , utrd
•'he General Fund is the genetai operating fund of the City.,` Ceherai tact
e ` c•c•ourted fot iti this futd: ' morn•the i
- revenues and other. receipts•that are trot ailocated by:lat3 of cottttactua
:agreement to, some other fund area
futidate paid the general. operating expensed: the fired charges and the',
capital improvement costs that ate not paid through other funds.
Sbecial,RevenueFunds
The Special Revenue Funds are utilized, to:accoutit for revenues derived from
specific taxes or other earmarked revenue sources which are tequiredbrn�- y
law or regulation to:tinance particular functions or activities of govern—
ment.
Debt Service Ftmds
The Debt Service Funds axe utilized, to account for, the payment of interest and
principal on the City's general tong --term debt.
Capital Projects Funds
The Capital Projects Funds are utilized to account for all resources used in
the' acquisition and construction, of capital facilitieS and other fixed
assets, with the exception of those that are financed by Enterprise or
Intragovernmental Service Funds and Special., assessments,
Enterprise Funds
The Enterprise Funds are utilized to finance and account for the acquisition,
operation and maintenance of governmental facilities and services that are
supported mainly by user charges., to the general' public.
Intragovernmental Service Funds
The Intragovernmental Service Funds are used to finance andd-account for certain,
services and commodities furnished to ;other funds within the City.
Continued
CITV Of 1R/AM1I fLORTbA
Note§ to Pinancial Statement§
Tru0 and Agency_funds
The ttust and Agency funds ate utilized to account tot ironies and ptopettite
received and held by the City it a trusteeustodial ot agency capacity
lot other entities such as employees other govettitents Of nonpublic
organizations. These funds are used to account for tevehues and ekpendi
tures relating to most Federal and State grants,
"General _Fixed Assets Group of Accounts
This group of accounts is established to account for,all fiked assets of•the
,
City, other than those accounted for it the Enterprise and Intragoverntental
service funds.
General Long -Term bebt Croup, of Accounts
This group of accounts is established to account for longt,term debt not
, •
accounted for in Enterprise Funds. •
Accounting Changes
Effective October 1, 1975, the City.changeditS':baais of accounting in the,:
Enterprise and IntragovernmentalSerice Funds from the modified to the
full accrual basis to conform with generally accepted accounting. principles.
The effect of this change on retained earnings as of October 1, 1975 is re-
flected in the statements,of the respective ,funds. The effect on the
'operation§ of the prior year cannot be reasonably determined.
(4) Restatements
(a) Material unrecorded liabilities existed at September 30, 1975 due to a
misuse of facts relating to construction contracts accounted for in the
Capital Project Funds. The amount of these liabilities has been re -
fleeted as an adjustment to fund balance at October 1, 1975. Beginning
fund balance has also been adjusted to reflect the transfer of construe-
tion in progress as of that date to the General Fixed Asset Group of
Accounts.
(b) The cost of certain property known as the Feinberg Tract was recorded.
twice in the 1975 financial statements (see note 7). The correction has
been reflected in the Special Properties Enterprise Fund as an adjusi7
ment_to beginning fund balance.:_: Other adiustments to fixed assets at
_
September 30, 1975 have beenreflected-in the financial statements in
the samelnanner. ,•
•
A trailsiet of futtds made on Set'b,teflceted1atkthattdateeihtthejfihanctai e
Vuhd
of
atatemehtsetptheeGene laFund,only_.TheeCortention has been reflected as
ate ad�justmetit to beginning retained gs of the enterprise Veld,
d) 0ettain liabilities existing at September SO, 9ietetn1the ct ssSit fi d Ages
fund balance. The correction has been reflected
cy
'funds as at adjustment to fund balance,
•(5) ltet_1"remettt Plans
The City has contributory pension plans coveadng substantially all employees.
Total pension expense for the current fist Year,
ar, including amortization
prior service costs over35 y
earsi was approximately $8,500,000+ Of
this amount $8,383,798 was funded by the Special Revenue Fund, and the re-
tnainder by various other funds principally Enterprise.
The actuarially computed value of vested benefitts54nder the pJlans exceede76,
ed
the pension funds' assets by approximately $ , >
the date of the last valuation.
The pension expense for the year ended September 30, 1976 and the excessof
vested benefits over fund assets increased from the amounts (approximately
$7,500,000 for pension expense and $63,2800000 for the excess of vested.
benefits over fund assets) reflected at September 30, 1975. Thesi-
creases were principally due to increased retirees'. benefits, employee
salary increases in excess of those anticipated, and recognition of realized,
losses. incurred on the sale of securities..
(6).Eonds Payable
,(a). General long -Term Debt
General obligation bonds, 1%to 7 1/2%,maturing in°
various years through 1997, current principal ma
turities of approximately $8,275,000 backed by the
full faith and credit of the City and its taxing power.
'Special obligation bonds 3 1/10% to 4 1/10%,
:':,Maturing in various years through 1988, current
principal maturities of approximately $1,016,00
Enterprise Funds
Revenue bonds, 6.5%, maturing in variousyears
through 1989, current principal maturities 'of,
approximately.$18,000.
104.180.000'.
(Continued'
285,000
itAi I t td.bA.
totes toitil Stature
) 5 i.: g.0.vjte_ke 4u itetieitts
ehefal. Obligation Bonds.
Debt service is provided by an utt iiited tax ltvy bn,non°`eRe t ;pt:opetty
value and collections Oh assessment lens trot proAects fititttded by
the proceeds of such bonds.
Special Obligation Bonds
(1) Incinerator revenue bonds Revenues Prot the operation of the ittcin=
erator are pledged to service these bonds. A resertse:of $25O,OOO_
must be maintained.
(2) Capital improvement bonds - Debt service is provided by electric
franchise revenues under the terms of the franchise agreement be-
tween the City and Florida Power and Light Company. A reserve equal
to the maximum aggregate annual debt service requirement must be
maintained. Franchise revenues exceeding debt service and reserve
requirements are further restricted to provide for debt service on
the Orange Bowl Special Obligation Bonds, for bond redemption and
for capital improvements.
(3) Utilities service tax bonds - Debt service is provided by utilities
service taxes imposed by the City on each purchase of electricity,
gas, water and local telephone and telegraph service. A reserve
must be maintained equal to the tnax_'mum annual debt service require-
ment. Utilities service tax revenues exceeding debt service and
reserve requirements can be used for any lawful purpose.
(4) Orange Bowl Special Obligation Bonds - Debt service is provided by
electric franchise revenues.. A reserve equal to the maximum annual
debt service requirement must be maintained.
Enterprise Revenue Bonds
Rental income for the lease:of the warehouse
provide debt service on these bbonds.
•(7) Land Transactions
At September 30, 1974 the Inter- American Center Authority was indebted to
the City in the amount of S8, 500,000 fo'r the original land sale of the
Graves Tract, The Authority had agreed to pay the amount of the indebted-
ness, together with 5% annual interest in equal semiannual installments
of $300,UUU beginning January 1, 1977. In 1975 the Authority was dissolved,
;negotiations as to payment of the indebtedness are in process and the rights.
of the various parties including the City have not been determined.
(Continued)
CITE` ' 'ItA4I; • PLCRIDA
btes is Ficidi Statetehte:
At teptembet 804 19/6 Dade 'County Was ihdebted to the City fot pursuantitotaly
$.,303000 relating to the sale of the Dodge Island site,
teriiis of the agf'eeinent, payments will commence aftet payment and candella.,
tibb Of theCounty's Seaport Revenue Bonds which will cutrently mature in
2002,
The receivables relating to the above transactions have not been recorded
due to the uncertainty of their collection.
1:n August 1975, the City purchased the Dallas Park Motel and surrounding
land (known as the Feinberg tract) for the purpose of constructing a con=
Vention center. In the interim period, portions of the building are being
used for City offices and the remainder is being operated as a hotel, The
operations of the hotel are accounted for in the Special Properties Rnter-
prise Fund. The cost of the property is recorded in General Fixed Assets.
(8)'Legal Compliance
Transactions not in Compliance with Legal Provisions-
During the current fiscal year the City issued.$400,000`of tax anticipation
notes scheduled to mature October 1, 1976. The :City Charter,,however,
requires these notes to mature within the year of issuance. These notes
were fully paid on October 1, 1976.
During the year ended September 30, 1975 $3,025,000 was transferred from
the Capital Projects Fund, where this amount was appropriated for the
convention center, to the Trust and Agency Funds without approval by the
City Commission. This amount was transferred to the General Fund in the
current fiscal year.
At September 30, 1976, certain expenditures for the General and Special
Revenue Funds exceeded the amounts on the revised budget as shown in the
respective financial statements. These overexpenditures, aggregating
$1,608,545 for the General Fund and $60,720 for the Specia' 'tevenue Funds
were not approved by the City Commission. The fund balance of the Federal
Revenue Sharing Fund, available for any purpose upon commission approval,
is sufficient to cover these overexpenditures and the General Fund deficit
existing at year end.
Commitments and Contingencies
At December. 31, 1976, the City had certain contingent liabilities for payment.
of employee benefits. The amount of .benefits earned and accumulated is
governed by Civil Service regulatioflS and administrative policy. These..
liabilities are summarized; below;
e
acatiott
tattled time
gick ieaVe
Thefull amount of Vacation and earned
payable upon separation of service.
is limited to a maximum of 960 hours
ten or more years of service,
bue touncertainties relating to the,, timing and
the above liabilities arenot recorded
8elf_Insurance Fund
MN 0 ' 't1A ti i A'
tses `tO
inanc ial 8 tat'rettten
escrit1!2
Notttal Vacatiott earned
Additional tithe..off earned,
by hourly etapj.oyees for over,,
title: hours worked
Normal sick leave accumulated
time, if tot used by the employee) is
gick leave payable upon separation
acid is paid only if the employee has
1, 745 295
;g 552,051
amount of payments to be :trade,
In October of 1975 the City created;a Self- Insurance Fund as part of the Intra-
governmental Service Funds, to provide 'insurance against certain liability
risks. All revenue -generating departments of the City are levied or charged
for insurance, which becomes revenue to the SelfInsurance Fund. These charges
are not computed on an actuarial basis and no provision is made for possible
future losses. Expenditures of the Self insurance Fund consist of payments
of settlements, claims and premiums on insurance policies.
At present, the City doesnot carry umbrella excess liability coverage 'to
limit the City's exposure in possible. claims.
Litigation
The City of Miami is defendant in a case alleging certain irregularities in.
pay increases granted to certain City employees in prior years. This case.
has been in litigation for several years. In the opinion of the City Attorney,
the City will be liable for $187,500 representing one year of back wages.
lie is uncertain, however, as to whether the. City will be liable for back.
wages for additional years. The $187,500 liability has been recorded in the
General Fund at September 30, 1976.
The City is a defendant in a lawsuit arising from an automobile accident in-
volving a City employee which caused a fatality. This case is in the very
earlystages of '_.':LSation and the plaintiff has not yet made formal monetary
demands. In the opinion of City officials and the City Attorney, it is not
possible to estimate the final outcome of this litigation. The Sovereign
Immunity provision as prescribed by Florida Statutes may impose a liability
limit on this-and.similar claims.
(Continued
tat, n'OntrJA
eiteg,th flhandidi gtateitthtt
::.theteHart.alab a tObt bf dia:146s hitiiNdUittl agaittt:IttYtity tttutihg:
.. , ,.-.
iribipally.lrotti li.drOdhAl ihitiriegAhdOtted ih titypropettyi: tit tht Opiftitih
„ .,„ ...
n-f.Ahe City officials and the City Attorhey the 'claim§ will retult ih a
liahi,lity th the City of approkitately $5,5M60. This amouht, i.e tt apprOmi-
Htately $245i0b0 oft deposit with aft iftturanbt ebtpatty ift attbrdahtt with a
tpread lotreihturatbe dohtteet, Wag recorded ift the thtragoverftehtal
86iVibe Vbhd (Self -Inturatct Puna) durifig the year ended 80ptetber 30, 1976,
thetity ofMiatii relies pritatily ot their leg- departtefit'aetitg under the
Airettion:of the city Attorney for.ltgai adViCes The foregoing opihOhg
• ',late based solely oh the opinion of the:City-Attbrhey,
:(16)trahtabtioto with RelatPd..P.artis, ' ::,::- ::
,.. • '..,,'-:,.,
.. . „ ., .„.,
•
''ikevenoee derived from the,Opetatibtigofthe'MahtiOt-:OtigMah,Chithtat,Cehter,
.„„ ,, ,„
for the Performing Artt,,the,.:olyitpialWlditig,:and-..tertaittatritrAirbpertitt
.lowned by the City have-,beeh attightd-ftb_the'Impartmeht of 0ff4treet,
..„
Perking.
• •••. -
•AsSet
' • ' ,
Cash
tit*/ Ott VIIAMI OtittiA
tpddial. tEilt 'Levy Vutitls
8eptoh1itr 26), 1976
teCeivable delinquent (less
•allot4atice fat estitated
utt-
o11ectibi.eatn0UtttSs of $542,835)
Due from othet funds
Other
Liabilities, ndiimbtances
Outstanding and:Fund Balances
-;Accrued liabilities
: • ,: :
Due to othet :funds
AcCoUnts1; payable „ and: encumbrances
:'-,•outstanding
-
Fund balances (deficits)
eet
, .„.
1958
• ,;:.,„
Al4)847
2)343
ci,52 796.775
2,405
609,523
1.2524 765 10 , 624 • 1,135
592,861 • 534,588 58,273
259,052, 1,188 53 539 204,325
)166 891 ,717, 660 i:•• (42 )084):.591,315
" •: ; • , - ,
Schedule.t
CITY OF I1Arf1,<.FLORIDA
$pedal Tax Levy. Funds
Combining Statement of Revenues, Expenditures, Encumh.;nces and -Transfers '-
Budget and Actual
Pu
blicity and �� Street
Total Pen -Ion " tourism lighting
Budget Actual Budget Actual Budget Actual Budget Actual -.
itLevenues:..
General property taxes $ 10,476,789 10,702,793 8,614,476 8,800,868 584,322 597,539 2,277,991 1,304.386
. _ -
Metro Cade iCounty publicity:contribution ,-. 440;000 440,400440,006 440,400
thcr .
32,000 37,733 3,596 32,000 33,137 - 1,000
'Tota1 revenues::,,,:' 10 948,789 ' 11,180,926 8,614,476 8,804,464 1,056,322. 1,071,076 1,277,991-- 1,305,386
-: Ixpenditures a and. encumbrances:
1pensioneexpense ;8,383,79 8,383.798 8,383,798 8,383,798 1-
1Pub1icity and tourism 1,228,005 1,288,725 - 1..228,005 - 1,288,725
1 832,659 1, 380,178 - - -* - 1,832',659 1,180,1i7
Street` lighting ,
20 - -
{Other: 415, 1 <357,269 415,201-. 357,269: _
p = 138017
, 4. , , ,0 .1
Total expenditures 11,859 663 11,409 970 8,798,999 8,741 067 1 228 005 ,,,288,725. 1.,83� 654` ,
Qransfers to 'other . funds 693 693 - - 693
Total expenditures encumbrances and
transfers
Excess (deficiency) of revenues over
expenditures, :encumbrances and
transfers:,, $ _(2).1 6i - -=j229,717) 8 ) 63.397 (172�376) :..(218.342) (554.668) _ (74:792)
11,860,356_•- 11,410,663 8,798,999 .8,741,067 • 1,228,698 1,289,418 1,832',659 1,380,17&
Y 14.t414i r0AttbA
peel 1 ` eat ba `ui c a
mbiti.ng §tg—tttettt -6f i;hattge ' _i i Tutd B Yette
Veat elided a etfibet ; b, 6
Paid beiatIaes) `O t bet 1975
EiKcees (defidieney) of. 'avenues
averexpenditures, ettdUtnbtattces
and : tt`ensfets
r`und balances, '`September 30, 1916
Pubiit ity
grid
thurist
229.0A7) , i (2 83_ 42)
$ 1.266,891 117,660 •:(42,084)
Street
lighting
666,107
(74,792)
.591,315
Assets
Cash
Investments, at cost which'. approximates market.
Receivables:
Delinquent taxes receivable(less.allowance ".
for estimated uncollectible amounts of $383,522)
Assessment liens receivable
Accrued income
Other.-
Due from -other funds
Liabilities and Fund Balances
Tax anticipation notes payable, including,,
interest
General obligation bonds payable
Fund balances:.
Appropriated
7Jnappropriated
Total : fun:T balances
$:1L749z885"
CITY ° OF-MIAMI, FLORIDA
Debt Service Funds
Comhtning Balance Sheet
September 30,.1976
General Capital OrangeUtilities
obligation improvement- Bowl Incinerator" service
Total bonds bonds bonds -bonds tax.bonds
34,120"
1,300,531
915 18,428 8,812'
- 720,855 348,949`-
.545,645; 545,645
71 529 s
14,573 . _ 3,553 5,721
20,898 - - 20,898
9,762,589. 9,154,989_ - . 229,60D 378,000
9.773,078 742.816 - 3.63 482: - 2501 697619..792.
199 55,766
230„727
71,529'
410,000 4I0,000.
25,000 25,000
2,342,256 417,367
8,972,629 8 _92i ,7Tv:
11,314,885: 9 334,073
5 11.749.885 9.77,t /7v.
5,299
690,,918 363,482 ' 250,R97. 619,792 ";
51 „9'18 - -
742,8,36 363,,482 - 2513,' )T 6119792
6•l9,.79 .
747.836 363,482 250 h4:_7_:°
;.CITY OF MIAMI,,FLORTDA
Debt_Scrvice-Funds
Combining,. Statement of Revenues, Expenditures, Transfers
and Changes in Fund Balance
Year ended September 30, 1976
Total
General .Capital ��. Orange _- Utilities
obligation improvement Bowl Incinerator service
bonds bonds bonds bonds tax' bonds
Revenues:
property S 8,064,787 8,064;,787
Generaltaxes _
Interest 305,431. '.211,350'47,324t. 22,865 - 23,892
Assessment -liens collections . 427,689- 427,689- - -
Revenue from operations 72,993 _ .- 72,993
.Franchise and. utilities, service -tax .13,555,775 - •599,262 166„119 ,--- 12,790,394_
Total revenues-` 22,426,675 . 8,703,826 . .,646,586 _ -- 188,984 - 72,993 12,814,286
_Transfers from other funds 3,139,231 2,937,56'1 17,500..:- - 184,162
Total revenues and, transfers..-25'565 906 _•11 641 395--.664,086,- 188,984 257,155 12,,8I4,286t:
Expenditures:
Bond principal 7,397,000 . 6,415,000' _ 555,000 130,000 • 147,000 150000'
Bond interest • 5,850,183 5,592,329' 116;551 4,640 .:37,1636,500
Fiscal agents' fees 9,400 5,923 ; 2,347 82-. • 295 - 753�.
-Administrative charges .105,000 90,000 - 15,000` -
-.Tax ,anticipation notes,.including interest.
P g'. 420,000 420,000 -
Total expenditures
. 13,781,583 12,523,252 688,898': 172,722.-":184,458 •217,253+
-Transfers to other funds . 12,401,465 - 72`,000 12',329,465•
Total expenditures and transfers 26,183,048 12,523,252. : 688,898 172,722.. 256',4581 12`,,541,7i8
Excess (deficiency) of revenues and transfe s
over expenditures and transfers (617,142) (881,8`;) • (24,812) 16,262. 697 272,568
Fund balances, October 1, 1975 11 932,028` 10�2I9,9s`. 767,649'. 347,220_ _ 50,000 347,224`
Fund balances, September 30, :1976 _: $ 11,3T4 886 9.338_J175 742.837 363,&.82 2-50,69,7 , _61712`
Assets.
Cash
Investments
CITY OF.MIAMI, FLORIDA
IntragovernmentaI Service Funds
Combining Balance Sheet
September 30, 1976
Public - City.., Motor Property Print. Stationery `Self-
Total properties ag,rage pool . maintenance shop. .
stock insurance
.119,826 2,316 394361 53,957 15,522 7,859 161 650.
55,000 - - .. - 55,000
Receivables:
- Cenral accounts. receivable 3,329: - 1,077--2,106 .76f 70}
Accruedincome.
_ . 11 1,428 - 4,2600 .. ..30F
Inventories
279,623 - ` 105,551 70,373 79,540 T,505F 3fr,654
Property, plant and equipment
Buildings 723,552-6091
390',545 244,934 86,464 1,
Machinery and equipment 7,637,002 -. -'1 '. =
. 55,613 5,218,663 2,129,770s 6T,155F 65,80
Due from other funds 1,130,685 180',000 /011 000f 850,6&S
$ 9-95_6794 58.394 5.935.437 2..701_539 255.047 81:15/ = I6 885 : 906r..335
Liabilities and Retained Earnings-
all
p lysalaries) $ 54,360' 2,291 23',311 - �Z,370 15,404 .1,383t 601
Accrued liabilities.(princi. ,
36,832 184339 19,547 2,255t 4,6R31
Accounts payable 81,604' .
Due to other funds 290,300 :100 - 282,7007 ,500t
Claims payable 305,000 -
8,725,530 ' 56,003 5,875,294-2,671,8301 (62,6041.. 791,519447°4 100',734
500,000 - _ _ 509,;,00� :
$ 9_.9 72 58..394 5_935.437 24701,539 255,(147 41157 16 3 F : 90i
Contributed capital and retained earnings
(deficiency) - unappropriated -
Contributed capital and retained earnings
appropriated
Revenue from operations
Transfers from other funds
Total revenues and transfers
Intragovernmental Service Funds
Combining Statement of Operations
For the year ended September 30, .1976=
Public __City Motor Property Print Stationery Se1B
Total properties ara a pool maintenance shop Stock insurance,,
1,654,666 1898,056 124.596, %"81,786r 1,081(,404
6,274,257 :132,859 - 2`,178,609 1,654,666; - 898,056, 871,786+ 14„Il9r ,68
6,457,327. • 9I,326 2,285,244-1,653,765 1,130,566 112,041 `:::.82,434, / 096s,951';,
$. 83i_070).: 41.533106.635) 901 (232..51012.555 352 100734i:
CITY.: OF'MIAMI,..FLORIDA
'"-...
Intragovernmental Service Funds
Combining Statement of Changes in Contributed Capital and Retained Earnings
September 30, 1976_
Public City. Motor Property Print Statfonet SeP�
Total properties , garage pool maintenance• shop stock Insurance•
Contributed capital and retained earnings,
October 1, 1975, as previously reported $ 8,145,174 14,470 5,560,853 2,366,242: 136,664. 66,964. (2,019
Restatement of beginning contributed
capital and retained earnings:
Change to full accrual basis of
accounting 343,725- - 310,436 2,972; 21,896 6,4211
Contributed capital and retained earnings,
October 1, 1975, as restated 8,488,899 14,470 ' 5,871,289 _.2,369',214 162,560- '' 66,964 4,402
Net income (loss) (183070) 41,533 (106,635) 901 (232,510) 12,555 352 10„36«
Contributions from other funds 919,701., 110,640, 301,715 7;,346 5001,000t
Contributed capital and retained. earnings
(deficit), September 30,-1976=; $ 2z275,5 56.001 5.875.294< 2,671.830. (62.604) :.79-.5i9F 4-754. 600%.7'3$'
�,t
CITY OF MIAMI, FLORIDA
-Enterprise Finds
Combining Balance Sheet
September 30,1976,
rine
range
ecieIt
.Total office
D s .'Stadium Stadium OStadiumow' Mrinas Auditorium :A d tortuIm GOEf- property •propercie
s
Cash $ 512,085 1 508 1,832 94,908 184,217 6 894,. 297 39',,567. .9,257 - 514585 122Y,030a :
•
•Receivables:,
General accounts receivable %93,517- - : 3,342' 25,838 21,321 26,836,: 8,996 2,898i. 4,Z86_
Accrued income. 150.110 - 12 . 8.885 268 0.515 I6,054• 781 1,328= 2F.279�
Property, plant and equipment.:-',' 500',000= 15,000 : 95,000#
Land - 1,820,108 - _ 4,836 375,000' 709,982 120,290'
'Buildings 21,102,427 -; • 2,253,403 _. • '679;186 8,006,138 3,339',972-
3.802,9281,156,406 444„394, .:: 1420,000,
•Machinery and equipment. 758,954.;_ - 107,687 ':,41,478' 246,697 .• 28,475 - I12 125 22-2,492
Due from other funds..
126.000 - - : T26,000
, $ / 563.201 . ..508 . _ ..2,379,9_$5_ I, 1..216.67$ 9 88.870 3-.536.521 I0L074 4.584.84E I.405,_429 495-.,979i ; D-64L3166
Liabilities, Contributed Capital and-:_,
Retained Earnings
Accounts payable
Accrued liabilities '(principally salaries).
Deferred income
Due to other funds
Revenue bonds payable.
Total liabilities
Contributed capital and retained
earnings (deficiency) - unapproprfated
:..Contributed capital and retained
earnings- appropriated -
34,299
36,659:
282,043_`
1,402 .:
12,707. 8,478 - 3,082 5,834, , 4 1981
- 8,054:
1,638 " 1,032-- 15,638: 6,535 2I5 3',058' 6,087: 4,442 .4.308 214,621 27,870' 1,262 - 4,540 IO,000. 20',0003 _
204,550 2,850 ;8,200
285 000
842,551 4,252 14,280 5,340 - 242,966 187;.181 3.177 I0;,680F 64.421 305,000f 5 252'
23,710,927 (2,744) 2,365,705 1,211,338 9.045,904 !3,35I,338 6,897 4,574,161. 4341400E 181,256 14636,064.
9�723 .:
$ 24, j(2,201 1.508 7/.9 ,1,216.670 Q,288 870 , ; 3 538 521 10.074 k E .408 429' . 95„979`
149`,300' _ 1„700' - 42,500f
285;,000i
1! fi!c11.316:.
CITY OF MIAMI ,` FLORIDA
Enterprise. Funds
Combining Statement of Operations -
or the year ended September 30, 1976
Jg
Orange Warehouse. Specifalt:
Director's Marine Miami Bowl Dinner Key Bayfront
Total: .'.office Stadium Stadium Stadium Marinas Auditorium, Auditorium Golf property properties
Revenues -from operations $ 3,044,462 85,713 141,513 182,730 952,873 677,428 57,441 54,;184 612;490 38.525 241.565
209' 464 630�„103E _ 1�p0'�r�-�4.�,90�
Operating expenses 2,805,961 103,257 207,703 126,256 - 761,689 555,010 51,532r
let income (loss) 2313.501
2;418 5.909 @t55.280� flT'_6i�i� _. I94..GSOi —9� 6(r'�
$ ` 17 54j66y
4) 190) . 56�474 I9I.I84 . 12
1111111111
- • •
CITY OF MIAMI, FLORIDA, =
- Enterprise Funds
: f Combining Statement of Changes „
in Contributed Capitat and Retained'. Earnings
September 30, 1976,
Director's Marine Miami gowt Dinner KeyBayfront
contributed capital and retained earnings.
. p9roPepeetraellies
- - Total office Stadium Stadium Stadium Marinas Auditor tuts Auditorium:
— -- core Wparorpeheoruts:
-
_ -
October 1, 1975, as previously reported $ 27,163,321 14,800 2,546,496 1.144.952 8,661,996 3.662,270" 985 4.7291,44/ 4355„6211 /71.499i 4,872,258
Restatements of beginning contributed capital .
Change to full accrual basis of accounting - 134,442 - 31,183 - 100;962 , 2;797 - .... -.,
and retained earnings: _
Adjustment to fixed assets at September 30,
1975 (3.208,031) - - - 127,826 -
Contribution from general fund at -
September 30, 1975
49'0
0
0
- ------ -
Contributed capital and retained earnings„ _ -
October 1, 1975, as restated - 24,138.732 14,800 2,577.679 1,144,952 8,890,784 1„713,567 988, 4,729,441 1,355,62E la 1,499 1,536.401
'Net income (loss) 238.501 (17,544) (66,190) 56,474 191,184 ' 123,4113 5.909, (155,280) (1177„6/3), 19',48� 95,663
,Contributions from (to) other funds - (651,5151) ___- (145 784) 9.912 _____- - 7.—
(deficit), at September 30, 1976 $ 23.770.6V (7.744) Z.3_65:.16.5, 1.211.338 5.045.912A 3_„3_51.11ff 6.891 Its Man .X.3.41.0`
Contributed capital and retained earnings _ _
1
(1',335.857)
CITY OF HTAMI. FLORIDA
General Obligation Capital Projects Funds
Combining Balance Sheet
September 30;. 19.76
Parks and Re
voLeng
Storm Sanitary Pollution Police recreation Highway Convention ::Fire -
Assets Total sewers sewers control facilities . facilities ' improvements center faCiricies�' Sidewalk fund!
Cash $ '::.' 196,572 1,398 ' 134 1,335 I,940 61,639' I,889 T,670 51E,221126 .. 69,218
Investments, at. Cost which approximates
market 42;559,572 2,975,097 12,693,811 1,864,86.6 3;722,229..11,076,087 2,.356,901 : 7,183,772 -: 332,964. 408,,8011 240',000
Receivables: 32',46T
Assessment liens receivable 32,467` 26B nT 3',230;
Accrued income 442,291 4,345 I21,734'. Z6,221 1I,875 = 171,685 26,J48--- 76,575-
Due from 'other funds 1,985,308 452,59T 816,000 716,684;.
$,45.216.2111 Z.43_3_.431: IZ. 15 6T9 2-713_422 3'.736.044 :.11.304.411 3_101!.824 - 7;266.022 A4.481i I08'.98Z 344..91/
Liabilities and Fond Balances
Accounts payable 2 7.. 75 47° 635 - — —
p y $ _-2,304,104 213,231 : 566 512' 7T,951 =566 485 599;.898-�_�182,3IT;
- - _ L674 - 507 , 50T
Accrued liabilities 2,688 —
Due to other funds 8,0.50,107 — 4,359,187 T,49T 720
2,186;907 — 6',300g
Fund balances — •appropriated 34,859,311 .3,220,200 . 7 889,980. 2,635,47I ,I,670,165:I0,704,006 2,9I4;507; 5 080'5401 286 846E ..,107,681 344«91
$ 41,216112 3.433.431 1?�112 67Q 2..713.422 ,,736 044 .° 30. 4It' 34101,824, T 268 027 384.481 108..98B 4 1 ;
General Obligation Capitai Projects Funds
Combining Statement of Revenues.. Expenditures and Transfers-
Year. ended September 30, 1976:"
Parks and Fire HevolvYn�.
Storm 8anitary Pollution Police • recreation ::Highway.-�`_ Conventiocu
-Total -- sewers severs controt factttttes ` facilities Ymprwements- center : facie Si—d —Ik Pump.
Revenues:5,000,000 -- . . 2,000,000 — .. — 19:9573 &,780; D7P 62
Sale of bonds $ 7,000,000 225,170 867,278 115�668 232,681 859,960 159`,776 " 450,298
Interest , 2.954,930 6,J80i lrl
9 954 930 225,I70 86T,278 115,668 2,.232j681 . 859,960 159«776 450,296
�. D9 p95F . —r 82"
Total revenues 405.486� .- . 275.43� D�.689!
182,008. 4,385,857 8,498,398 1,304,259
project expenditures _ 21,937,175 1,174,484 5,698,561 .. 1��9,52 7._r_,_2,937,568 225,170 " 867,278 115,668 21268I 859.960'r59�.776: 450.298Transfers to other :funds <': ; Sotal expenditures24,874,743 1,399,654 ..:6,565,839. 297,676 4.618,538 9 358„358 D.464,855.784. 295 9�
and transfers
Excess idturesncy) of revenues over $.(14.919.813) (1.174.4A1?) 98.,5,61) (IMAM .(7385..$.5_7): 4 8' )05
.,(1.304.259y i4•�i -'-
aexpcnditures sad,transfers ". _..
Fund balances atOctober.:1, 1975
as previously reported
Restatements of beginning' fund:'
balances:
Transfer of construction
in progress of September 30,
1975 to General Fixed Assets
Change to full accrual basis_,....
of accounting
Fund balances at October 1,-1975
as restated
Excess (deficiency) of revenues
over. expenditures
Fund balances at September 30,
1976 $,24,859.311- 3.2202A0 7.889.980 2.635.47I _1.670.165 10'.709'_006 2..919,507 -.-5.080_540' 286.846= _.102.681 344_91154
CI1T OF MAMI, FLORIDA
General Obiigation-Capital Projects Funds',.
Combining.;Statement of Changes In-i'und Balanoes
Year, ended September 30', 1976
Parks- and, .. , _
Storm., Sanitary :.Pollution Poltce recreation Sfghvay :'Conventfoa Fire Revo1vin .8aygeond
Total sewers''. sewers control :..- facilities facilities .improvements:`-center-faciifctes` Sidewalksi,fund Recreat<fonh.`-
$ 84,655,735 :.'7,105,596 :16,962,9I4 :: 20891,987.
3,957,022 25,026,561 8,254,I86 9,026,2OT .915,031t '";`1i76,376 327,5531 /7 307 `
30,032,077 2,358;335. :,:6,762,164 68,583 8,412,407 5,552,837 1,628,039.. 4896,107 , 280,297' 61;006"
4,844,534 352,577.-.' 1,612,209. '5,925 1,488,593- 266-020 402„381 :. 644,074. 77 455
49,779,124
4,394,684 8,588,541 2,817,479 .,.4,056,022 19,207,404-.'.4,223,766 5,486,026_. .562'277 ' 115„370F -: 327,5.5
(14,919,813) (1,174,484)
(698,561)` (182,008).:(2,385,857) (8,49803981 (1,304,259).: (405.486)3- (275,433i
(12089): 17;362`
Poi
'General obligation bonds:
Fire fighting facilities,
bonds
Coconut Grove. incinerator
Refunding sewage disposal
system
Dinner Rey Marina
Land acquisition
Bayfront recreational facilities
Recreational facilities,
Storm sewer improvement
Sanitary sewer
Storm sewer improvement'
Recreational facilities
Sanitary sewer
Sanitary sewer
Convention center'
Combined
CITY OF MIAMI, FLORIDA
Statement of Long=Tere Debt payable:,
September 30, 1976
Interest...
rates.::
12;3.1/22,
12;3:1/22
1/102;12;3 1/10%;
3 2/10;3%
32;3 1/102;
3 2/10%0 1/4%
3%;3 1/102
3 2/102;3 1/42
3 9/102;42
3 9/102;4%
3 9/102;42
3 9/102
4 1/102;4 1/42
4 4/102;4 1/22
4 1/102;4 1/4%
4 4/10744 1/22
4 1/10744 1/42
4 4/102;4 1/22
4 9/102;5%
4%;4 9/102;
52
Issue;
date
-
Final
maturity
date
3-1-58 3-I-88
Annual
serial
payments--.
$ 35,000(77-80')'
40,000(81-85)
45,000(86-88)`
3-1-58 3-1-88 40,000(77)
45,000(78-80)
1-1-62
6-1-65.
6-1-65
8-1-67
8-1-67.
8-1-67
8-1-67
7-1-68
7-1-90`.
6-1-85
6-1-85
8-1-87
8-1-87
8-1-87
8-1-78
7-1-88
50,000(81-83)
55,000(84-85)
60,000(86-88)
Bond's
Issued.. Retired -.Outstanding Cad1a0>(e
850„000--
1,100',000'
590,000(77-90) 14,565,000
125,000(77-84)
120,000(85)
35,000(77-85)
120,000(77-81)
115,000(82-87)
55,000(77-78)
50,000(79-87)
55,000(77-78)
50,000(79-87)
150,000(77-78)
375,000: 475,0001
485,000
6,305,000i
2,.370- ,000 1, 250',000
700,000 385,000!
2,250,000
1,000,000
1,000,000.
1,500,000
440- ,000'
440,000,
1,200,000
615,000
8,260,000
1,120,000
31.5,000E
960,- 000` 1,290,0001
560,000
560,000F
300,000
n
noN
80,000(77-88) 1,500,000 540,000 960„000 . -not
7-1-68 7-1-88 75,000(77-79)
80,000(80-88)
7-1-68 7-1-88 395,000(77-79)
120,000(80-85)
110,000(86-88)
5-1-69 5-1-84 300,000(77-80)
5-1-69 5-1=89 240,000(77)
235,000(78-89)
not-
1,500,000 555,000' 945,000
- no,
5,000'- ,000 2,765,000 .2,235,000
3,000;000 1,800,000' 1,200,000 iioi
4,500„000
r ,440'- ,000
=n.N
1,060,0n6
muw
1
1,0
4F ffight1a g ,and rescue.
facilities
Weliee )headquarters ,and
crime prevention facilities
follution,control and in-
clnerator facilities
Sanitary sewer
8iiighway improvement
Stormsewer improvement
Sanitary -sewer
8iighway improvement
fire :fighting andrescue
facilities
Sanitar3r sewer
I'oitce headquarters and
(crime prevention facilities
Combine(
Interest
rates
CITY.OF MIAMI, FLORIDA`
Statement ofLong-Term Debt Payat IE�
Issue
date
Final -"
maturity
date...
3 2/10X;5 4/102;5 6/10%; 10-1-70 10-1-90-
5 8/10X;67.;6 2/10Z;
6 3/10X;7X
3 1/2X;5 4/10X;5 6/10%; 10-1-70 10-1-90
5 8/10X;6X;6 2/10%;
6 3/10X;7X
3 1/2%;5 4/10X;5 6/10X; 10-1-70 11074790
5 8/10X;6X;6 2/10%;
6 3/10Y,;7X
3 1/2X;5 4/10X;5 6/10%;
5 8/10X;6X;6 2/10X;
6 3/10X;7X
42;4 1/4X
2 1/2X;4%;4 1/4%;
4 1/22;4 3/4X;5X
• 3X;4%;4 1/4X;
'•4 1/22;4 4/102;4 6/107.;
4.7/10X;4 8/10X;5X
32;42;4 1/4X;
4 1/2%;4 4/10X;4 6/10%;
'4 7/10X;4 8/10X;5X
3X;4 1/102;4 2/10%;
4 3/10%;4 4/10X;4 1/2X;
'4 6/10X;4 7/10%;6%
3X;4 1/10X;4 2/10%;
4 3/102;4 4/10X;4 1/2X;
.4 6/10X;4 7/10X;6%
3X,4 1/10%;4 2/10X;.
► 3/.10%;4 :4/10%;4 1/2Y.;.
4`4/10Z-4 7/10X;6%
Ann.. i C
serial
paym<•its
55,000(77-81)
50,000(82-90)
80,000(77-86)
75,000(87-90) 1,500,000 400,000 1,100,000c
Bonds
Issued-.. Retired ;outstanding. CallableL
1,000,000 275,000 725,,000
160,000(77-82)
155,000(83-90)
10-1-70 10-1-90 570,000(77-80)
565,000(81)
145,000(82-90)
2-1-71 2-1-82 300,000(77-82)
2-1-71 2-1-91 80,000(77-786
83-91)
75,000(79-82)
9-1-71 9-1-91 395,000(77-82)
120,000(83-88)
. 110,000(89-91)
9-1-71 .9-1-91 110,000(77-82)
100,000(83-91)
6-1-72 6-1=92 55,000(77-83)
60,000(84-92)
6-1-72 6-1-92 425,000(77-82)
430,000(83)
85,000(84-88)
80,000(89-92)
6-1-72 6-1-92 80,000(77-88)
275,000(89-92)
3,000,000
7,000,000
3,000,000
1,500,000
5,000,000
2,000,000
1,100,000
no,. ..
:na.'.
800,000 2,200,,000 -
2,850,000
1,200,000
4,150,000
1,800,000,
320,000 1,180,000
1,580,000.E 3,420,000
440,000 1,560,000
175,000
925,000-
5,000,000 1,275,000. ::3,725,000
1,500,00 240,000. 1,260,000
no
as
I 1111 41.111111
fighting and rescue,
facilities
Policeiheadquarters and
erime prevention facilities
i.oltution control and in-
cinerator facilities
Sanitary sewer
'Highway improvement
Stormsewer improvement'
Sanitary sewer
/Highway improvement
Wire fighting and rescue
faCia 41-4eS
Sanitary sewer
olieelheadquarters and
crime prevention faciti
les
Interest
rates
3 2110745 4/10Z;5 6/10%;
5 8/101/4;62;6 2/10%;
6 3/10Z;7%
•3 1/2%;5 4/10%;5 6/10%;
5 8/10Z;6%;6 2/10Z;
6 3/10Z;7%
3 1/22;5 4/102;5 6/10%;
5 .8/10%;62;6 2/10%;
6 3/10%;7Z
3 1/22;5 4/10Z;5 6/10Z;
5 8/10%;62;6 2/10Z;
6 3/10Z;7Z
4Z;4 1/4%
2 1/22;47.;4 1/4%;
4 1/22;4 3/4Z;5Z
3Z;4Z;4 1/4%;
4 1/4;4 4/10Z;4 6/10%;
4 7/102;4 8/10%;SZ
3Z;4Z;4 1/4%;
4 712%;4 4/102;4 6/10Z;
4 7/10%;4 8/102;5%
3%;4 1/10Z;4 2/10Z;
4 3/10%;4 4/10%;4 1/2%;
4 6/10%4 7/10%;6Z
3Z;4 1/107.;4 2/10Z;
4 3/10%;4 4/10Z;4 1/2Z;
4 6/10%;4 7/102;6%
:3%;4 1/102;4 2/10Z;
4 3/10Z;4 4/10Z;4 1/2Z;
4 6/10%;4 7/10%;6%
CITY OF MIAMI, FLORIDA
•
Combine4.••Statement of • tong -Term Debt • FaYal• = •
• • ,,•• .•
_ •_.
• Final nn it
•
Bonds
Issue maturity serial •
date: Issued Retired ., Outstanding, Callabie
•
' -
10-1-70 10-1-90 $ 55,000(77-81)
50,000(82-90) 1,000,000
10-1-70 10-1-90 80,000(77-86)
75,000(87-90)
10-1-70
10-1-70
2-1-71
6-1-72
10-1-90 160,000(77-82)
155,000(83-90)
10-1-90 570,000(77-80)
565,000(81)
145,000(82-90)
2-1-82 300,000(77-82)
80,000(77-786
83-91)
75,000(79-82)
395,000(77-82)
120,000(83-88)
110,000(89-91)
110,000(77-82)
100,000(83-91)
2-1-91
9-1-91
9-1-91
6-1-92
55,000(77-83)
60,000(84-92)
6-1-72 6-1-92 425,000(77-82)
- - 430,000(83)
- • ' 85,000(84-88)
80,000(89-92)
•
6-1,72. 6=1-92 - ' 80,000(77-88)
-75 000(89-92)
,
• - •
275,000 725,000
1,500,000 400,000 1,700,000,
3,000,000
- no
800,000 2,200,000 -
7,000,000 2,850,000 4,150000
3,000,000 1,200,000, 1,800,000
1,500,000 320,0130 1,180,000
5,000,000
2,000,000
1,580,000
440,000
3,420,000 -
1,560,000 •
- - -
1,100,000 175,000 925,000
5,000,000 1,275,000 3,725,000
- -
1,500,00 240,000 1,260,000
• + ,
flD
no
•
- -
Storm sewer improvement -
Street and highway improvement._
Public parks and recreationa
facilities
Storm sewer improvement
Police headquarters and
crime prevention facilities)
Storm sewer improvement
Street and highway improvement
Sanitary sewer
Police headquarters and
crime prevention facilities:,,
Sanitary sewer
Police headquarters and
crime prevention. facilities:
Total. general'
obligations bonds
CITY OF MIAMI,"FLORIDA_
Combined Statement of=Long-Term Debt Payable` -
Interest
rates
Issue
`date
32;4 1/102;4 2/102; 6-1-72
4 3/102;4 4/10244 1/22;,;
4 6/102;4 7/102;62
3%;4 1/102;4 2/102; 6-I-72 6-1-92
4 3/102;4 4/102;4 1/22;
4 6/102;4 7/102;6%
3 1/22;52;5 1/102; 10-1-72'
5 2/102;5 I/42;72
32;4 1/22;4 6/102; 9-1-73
4 7/102;4 8/102;
4 9/10%;52;5 4/102;
62
3%;4 1/22;4 6/102;
4 7/102;4 8/102;
4 9/102;52;5 4/102;62
3 1/42;62;6 1/42;
6 1/22;6 1/10%;6 2/102;
6 3/102;6 4/102
6 1/22
Final
maturity
date
Annual
serial
payments
6-1-92 $ 160,000(77-84)
155,000(85-92)
155,000(77-83)
55,000(84-85)
50,000(86-90)
45,000(91-92) 2,0004.000 ' 465,000 I,535,000e
Bonds"
Issued! Retired Otitstandinik. Cal#Pa&lie
3,000'-,0001 480',000x 4520,000
10'-1-97 1,185,000(77-96)
1,115,000(97)
9-1-93 105,000(77-79)
100,000(80-85)
110,000(86-92)
105,000(93)
9-1-73 9-1-93 210,000(77-84)
200,000(85-89)
225,000(90-93)
3-1-75 3-1-95 160,000(77-87)
155,000(88-95)
3-1-75 3-1-86 300,000(77-86)
6 1/22 . 3-1-75 3-1-86 500,000(77-86)
3 1/42;62;6 1/42; 3-1-75
6 1/102;6 2/102;
6 3/102;6 4/102_
3 3/42;6 1/102;6 1/42; .10-1=75-
6 4/I4X;6 6/102;6 7/102;
6 8/101;6 1/22;72;
7 1/10%;7 1/22
3 42;6 11102;6 1/42; 10-1-75_
6 4/:)2;6 5/IO2;6 6/102;
610 •46 8/102;72;7 1/22
3-1-95 430,000(77-82)
425,000(83)
420,000(84-86)
415,000(87-95)
10-1-95 355,000(77-86)
160,000(87-94)
170,000(95) 5,0001,000
28,350,000 3,535,000E 24,815,000).
2,000,000
4,000- ,000
3,000,000
3,000,000
5,000,000
8,000,- 000�
nok
210000 1,790,000)
420,000 3080,0001 =
- y,000,000
3',000,000
- 5,000,00a nox
8„000„000 '
5,000i )00)'
10 1-95 II0,000(77)
105,000(78-95) 7,000- ,000 7-00w100)
$ 137.785r00':" 31.6050004 104-134 , )
n
iin11111 111111 11 PMI
, .„ - • • „.• •
-_• 'Specialobligation bondst
• • 'Incinerator revenue bonds
• Capital improvement •
series ,,
CITY OF MiN1I, FLORIDA •••
Combined Statement of Long --Term Debt Payable
„ - -
- -
- Final -"' •.. AnnualInterest . • • --
• Issue maturity • serial .•-•-•' • •8onds. •
• '-.- date:,..- • date payments Issued: -Retired•-:--• Outstanding
•
-. • • - • - , •-•. • - .
•
_ ,, . , - ,. ' • ''., .- ,, .,„ , , .. , .' , '. , ,...... .,. ,..., ...
.3 3/42.:::-.•::-.7=1.-751 . 7-181, ' $ 166,000(7779)".-- ..-..: .• -.-:,:•-'. -.- . ..':.• --;-'...'., • : - • . -:.ye -..
- ' - -- -
----- • ":- - - -: _:. .:-- -,- : • • • -
173,000(80-81):'..L::: .: 3,300,000 .2,456,00 - 844,000..:"."...,-. --,--....
„•.....:: -.„ : - „.:-.... :
. .:...„. , .. . .. ..., . ..., . .. ... .... „
•- :3 :1/102 -- ., 9-1-54 '--.:„: 9-1-81 305,000(,77)"--..-- ---
• 325,000(78) - •.. •:.: .- ..• . .... _ - .. ,-,-,... .•,-, , :•.
„,.. -- . .. -._-.,..•-
.-. ' _ • 320,000(79) --- '-- -• ..•.: .. - -• --' ..- ., . . - - ', - :•• • ..."-- • ,
• „--,:..-- .:-.;...„. . • • • - • 340,000(80-81)•_ -.-6,000,000,.•."' 4,370,000's- ...-4,630,000/ .
• ,.-..--....-_-.:•... ,:, .._ ..,..._. -- - -. :_. -.. ,. ...: -._ ., ...
.-:3 .1/102 -:.•:"9-1551: .-„.,.9-1-81'.. 50,000(77-81)', ,-:-.•-I-,250,000 ":-.- /,000,000.-."- ..---250,0001":": ye
-- ..: -:,•,,y. -. -- . - .. •,--•-• " , • - --.„..: .. : .. - • .. - . ,-, - ...-- • . _ _ .
. _ ... „ ..„ .. ..-... , . .. ...,..... -. ., ... .. . „.
.• '• :....---: - .......--,. _, • : :-....:. _ ,...• .,: •
_ ..,„...: . -.-.-..,.... . ..-...- . -- :...-"-.-----•,--:-.,;•.-.:•. :- - , . • ,:-: -„:-... ... • .... - , : .....,.._:, ,_ .... ..... .„
3...6/10% :_::.9-1,756. -, 9-1-81 . .35,000(77): .--: : _-_ -, - - :1 ''• ' ' - .. , . . .. . ....,...,
.... .. - .•-. -
...-,
- '..-",'"•:,-,' • „•-: .. -:-.." ... - . -'",---, '
..-.......: :-,. - .,:j....-..._ . 45,000(7980) ' --- „ --; --- .-- --".--..- ''---,.-.:.--",---.•-• -'' - - ',.-'..- '..-7...'' ' : ' ' • . ' • -: '.- - - - '
50,0001811 .. : .,•:: 1,000,000 ...."-. '-.:•785,000':: ...:',21,0001 .-•.
• . : ..• . .- • -.- -.,•,.. . • ' . - -- - :..:•:,•-• -.--.•. - • -..- :: --..- .-......:.•,......„ -..„,-. -....... „ .....- _
3',.7/102-:•-.971-58: - •1-----„9-1-81' 110,000(77) : ." --.:.".:,..---.::, ..--..-: „: --_-...-.. ..-,
:...-.•.::.': :',.. .,,--..:-,• --„,-.:.-yeS:r•-,-,,•:'
": ---,...:-..'"-•:•:-,•-2...-..-.:.,"..:-.--.:., -,•_. .• . . - ,. : -.--.......,....„.„.....„
, .. „ . . : .. . .....- 115,.000(79) ..-'',..-...-',...',-.1i• -.• ' 7', '. ., ._ ..,„. 100,000 (81) - . -. ' - r;.800c0003 '-, - 1,322,000 -: - .::.::::47/3,000/..... • .-...r. ''.4 - ., ... 1.,,1.- -1 .' ;-,',.- ---.- ,'..
. -.
•
...".„-. „„
..,. 3-1-66:-' 7...9-1-81 ' '65,000(77) . - . --- .- '.-...: . , •-. -• :---."...•.:- .•••' -::'':. - ::„" yes -.1...-.-.- -.:..t •:- ' _ • • -,--- -
-•,',--.• ' 70,000(78-79) -'-• •• •:" - - "" • ---' • -'• ' — - -
-...-....•_-:-."-: ,
..75•,000(80-81) •-•.. .900,000- • ' _,:, 545,000"; --'•-..1,-•3-55i,0001 :',... "----....,. • '...•.-.-:-
-- ----- . ... ---.- --:_ .--,- ..- • . . .
•.-r:-...:::: -3%; 3•1/ 42;3 .2/10%; •..:: 2-1-63 r.•;:: , 2-1-88 - 150,000(77-88) 1 :3,125,000' 1,325,000-,...".. 1,8001,000- -:::-Yes''',:. .. _
_ :.•.,-..:, ....3'..3/10Z;3'4/102,- 'r----..---:...' '.,'.. „ - - . ...„ ... . . . .- • -. : - .. - ., - .,, - . -,_ . .
"-'. -' .-'' •---"T-• . 4 -1/10Z.::. .3447- '-;:,•.9-I-82 135,000(77) -..- •:.H_ '::::17-';'. - .--.. -•-..--: ':„._:,".-",-.„•...: -,'," -":- --••• --..-", yes- .. • • .„. -
---' :.••:',--:::'...•:•.,.--.--',... ..L.:: ...,--1:„ :-:... -- i.- ".--:- .'--- ' . • I:4(1,000(78)- • ---.'-:..:' . - ::- .... -.:.„''•.,---'-•[-„.:.„..-":":',"-t.',-":":-.,,•••:
150•,000(79)' . '::.: -,-- "H.-:..:..••--..,:•••:'-...'',•• -.:._=,•,-.,...1... ''..---.•"-;...• . ' -.'-' • '•.-':- . :' - --- . .•
165,000(81-82) 1,900,000- 990,000k"
$ I9,274„00Ct ,12 7921.000
— „ - • —
--... • -. . • _ ...„ - „
• „
1
CITY -OF MIAMI, FLORIDA .c
:Corbin' Statement of Long -Term Debt Pa} •1•le
Final
Interest Issue -maturity ..
rate date date
An ,aial
•
serial:
".cuts
Sehedu1e Vt
Orange tBowl :warehouse _
:6 1/2Z 12-1-69 _12-1 82: $ ' : 8,000(76-77) _ ye
revenue ihonds - - -
9,000(7879)
10,000(80) - - -
:11,000(81) -. - _ `:'
14,000(82) ; 105,000 36,000 69,000
fOrange Bowl" warehouse
revenue bonds 6 1/2Z .:12-20-74 12-20-89 10,000(76-77)
11,000(78)
12,000(79)
13,000(80)
14,000(81)
15,000(82)
16,000(83)
.':.: 17,000(84-85)
18,000(86)
20,000(87) ..
21,000(88) -.
22,000(89) 225,000 : 9,000 216,000
Total. enterprise fund
_ revenue londs ..
330,000 45,000 285,000
Total long-term ,debt $ 157.390 000 ":46.443.000 110.947.000
CITY OF MIAML, FLORIDA
Trust and Agency Funds ..
Combining -Balance Sheet
September 30, 1976
--.." -
„ .„ , • .- ; Street: t••. Summer
Adjustments Community •... „ „ Bine.
Assets and other Debits „.• • Dr. .(Cr. Development_ : CETA EFA Program Tax Tax :Refund LEAA tune& -ACcounew,-,
• Investments • - - 112,550 , - . ,- - 112,550' - - - . - -
Accrued income 3, 511. 690 - - - 560,524 • 2,822,991 -' - - -- - _681,142 - 60,,0,13
Intrafund receivables, ' - ' (453,410) - - , ' - 20 702 26 329' 81 016: . - 44 49,1: 280 872.:
$ 3. 6 2_4,4_16 C45 3. 419) 5b9....5..Vi. 2,931..111 - 201.,,i,Q2 2±,p 371 $1,01.6 68'.4- .14Z .449,1; 340.905
. , .
. , ' . „ . , '. _. . ,' • 1, - —
Liabilities'and -Fund Balances'".1.:,:: -:'-. , -, -
. _ - _ : ,-„, , - ' --• ': ---,
Accounts' :payable ,, '- , I:. I., .. ,,,,,,„ -. , r-- ''-- -: -.! , „„''. , ;:. - -:- : -, $ .:. r.„- „" _- 33, 293 -. - , -- . . .
- ' -- • --" , .,'" • -1 -'-',- .-' 174,551
Deposits refundable :',.. --: -.. : , "-..'",,, ,,:.'-•":.",.... ,'174,553 -!: „ _ ' .
Due to other funds , - - 3,220,322 557,792 2,584,172 21,916 15„104 36„682 4.6564 :.
Intrafund payables - - -- (453,410) 351,307 - -- - 37,483 --, 64„6-20 ;
Fund balance . , 196,268 - 2,732 258 20,702 26,329 59,100, 15,555. 7,809 631's
-'. - $ 3.624.43_6 (453.410) 5_604524 2.935.737 20.702 26.1a - 81-016 68-142. 44.491- 340.905
- -
. ,
• — _ ' - - - ,
•
•
•
11111 1111 11111111 111111111
, . '
eyes
�os�f daCi Accottii'tttd e
Seietii3. i§7
f'oiiee Tot3 .tig Chatgeg to td 3 M2 :
Bieetitenniaj. %ark Sculpture Pund
Athletic Trust Fund .
Uihder Expressway'Park Pgaipme d
•Miatni Mattagetnent lmprovertettt I?rogi•aut Futtd
‘952
` iapatiese lea I ouse attd Gardens Complex Fund
Folk Festival Parade' Pledge monies Futid
4,017
Recreation toxing.Program Fund
42
1b0 ;.
Neg Citizens Parade Fund
U,S:'Travel' Service Advertising Grath Fund
379
Artistsin Residence'Program..#2 Fund
3230
Federal tteimbursement, Public L,aW 92-500.,; Fund .
157
Miscellaneous Funds