Loading...
Minutes 03-05-02 MINUTES OF THE REGULAR CITY COMMI~SSION MEETING HELD IN COMMISSI~ON CHAMBERS~ C?TY HALL~ BOYNTON BEACH~ FLORI~DA ON TUESDAY~ MARCH 5~ 2002 AT 6:30 P.M. Present: Gerald Broening, Mayor Ronald Weiland, Vice Mayor Mike Ferguson, Commissioner Charlie Fisher, Commissioner Mack McCray, Commissioner Kurt Bressner, City Manager James Cherof, City Attorney Janet Prainito, City Clerk T. OPENINGS: A. Call to Order - Mayor Gerald Broening Mayor Broening called the meeting to order at 6:30 p.m. :Invocation/Moment of Silent Prayer Pledge of Allegiance to the Flag led by Vice Mayor Weiland A moment of silent prayer was observed. Vice Mayor Weiland led the audience in the Pledge of Allegiance to the Flag. D. IF YOU WISH TO ADDRESS THE COMMISSION: · FI'LL OUT THE APPROPRI'ATE REQUEST FORM · GIVE ZT TO THE CTTY CLERK (ON THE DATS) BEFORE "OPENt'NGS" PORTION OF THE AGENDA HAS BEEN COMPLETED · COME TO THE PODIUM WHEN THE MAYOR CALLS YOUR NAME THE TNDZV1'DUALS MAY SPEAK FOR THREE UN1'NTERRUPTED MI'NUTES. E. Agenda Approval: 1. Additions, Deletions, Corrections None 2. Adoption Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Motion Vice Mayor Weiland moved for approval of the agenda. Motion seconded by Commissioner McCray. Mayor Broening requested that ]rem VILD. 1 be moved up and combined with Ttem VL A. Mayor Broening requested that Ttem XILD.1 be moved up and heard immediately after adoption of the agenda. Motion Vice Mayor Weiland moved to approve the agenda as stated, Motion seconded by Commissioner McCray and unanimously carried. Legal (Moved Up) D. Other 1. Comment on defamation - City Attorney, James A. Cherof Attorney Cherof stated that this item is intended to address decorum at public meetings. Attorney Cherof has observed at recent Commission Meetings that persons speaking have been making statements that are intended for individuals, rather than dealing with an idea or issue. The Commission has a Code of Conduct in the form of Rules of Decorum for Public Meetings that prohibits individuals from making personal, impertinent or slanderous remarks. Attorney Cherof cautioned the public when speaking at Commission and Board Meetings to refrain from personal attacks. PUBLTC AUDTENCE: I'NDTVTDUAL SPEAKERS PRESENTATTONS WTLL BE LTMTTED TO 3-M1'NUTE Ewell "Butch" Miller inquired why the present Commission wanted to accelerate growth in the City. The City is eliminating impact fees for builders, giving money to the Chamber of Commerce to advertise and is pushing to get builders and developers into the City. According to Mr. Miller, growth brings more traffic, pollution and more taxes. Mr. Miller lives and works in Boynton Beach and feels the majority of people in the City want natural growth. As a result of growth, property values go up. Most people move to Boynton Beach to retire and do not want their property values to go up because this results in taxes going up. Mr. Miller does not want to see the City change and likes it the way it is. He intimated that the current Commission is fee and tax driven. Mr. Miller asked who paid for Commissioner McCray's trip to China and said that he has been unable to receive an answer. Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Dee Zibelli, 440 Ocean ParloNay, Boynton Beach, over time has asked questions of the City, but has never received answers. Her first question dealt with the location of the fire stations on the east and west sides of the City. She asserted that the locations of these stations should have been determined before the Fire Assessment went into place. She asked if the monies collected for the Fire Assessment were being kept in a separate account since in accordance with State law those funds cannot be commingled with any other funds. Mayor Broening informed Ms. Zibelli that she would receive answers to her questions. Herb Suss, would like to see the City Commission meetings broadcast on closed circuit television so that residents that cannot attend the meetings would be able to view them in their homes. Also, Mr. Suss suggested that the meetings be videotaped and made available to the public. Ms. Suss expressed regrets about Lee Wische resigning from the Planning and Development Board and commended him for his years of service to the City. Ms. Suss suggested that the City do something to honor Mr. Wische. Enrico Rossi, 625 Whispering Pines Road, Boynton Beach, said that the City never collected recreational fees for the first 272 units at Quantum Park. Mr. Rossi said that recreational fees should be collected for the full 1,000 units. He stated that the City gave away $300,000 in fees to Quantum Park. He noted that approval of the site plan for the additional units was conditioned on a fee agreeable to the parties. Mr. Rossi pointed out that the site plan for the 42 units for Grotto Bay is subject to connection fees and not recreation fees. Terry ]:iames, 656 NWIst Avenue, Boynton Beach, says she goes to work everyday and doesn't pay much attention to what the City Commission does. Ms. Iiames questioned the method used by the Commissioners in keeping track of their expenses and do they pay taxes on their expenses. Ms. Iiames asked that the Krispy Kreme drive-thru be closed between 11 p.m. to 6 a.m. She feels that the neighborhood will become very noisy as a result of additional traffic. Ms. Iiames was in favor of preserving the Old High School, which she felt could become the focal point for the City, similar to Delray Beach. Eleanor H. Roland, 5530 N. Ocean Boulevard, #307, Ocean Ridge, heard that the City is allowing a two-story restaurant that would seat 210 people along the ]:ntracoastal in the Riverwalk Plaza. Ms. Roland represents Crown Colony Condominiums where la,9 people reside and they are located directly across from the proposed restaurant. The residents of Crown Colony are concerned about the noise, Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 lighting and increased boat traffic and requested that the Commission consider their concerns. Hr. Ed Hillery, 712 NE 20th Lane, Boynton Beach, and a resident of Water's Edge, thanked the City for razing Morey's Lounge. Steve Waldman, 41 Sausalito Drive, Boynton Beach, thanked all the City and Hester Center staff, the Police and Firemen for making the HeritageFest a most rewarding experience. The Florida A&M Marching Band was a huge success. Mr. Waldman expressed sorrow in the recent loss of Ms. Carolyn Sims, who gave so many years of service to the City and the children. Steve Hiller, 1057 SW 28th Avenue, Boynton Beach, represented the MAD DADDS of Boynton Beach, which has been recently incorporated in the City. MAD DADD$ is a community-based organization for the betterment of the City and its citizens. MAD DADDS intends to act as a liaison between the community leaders, schools and the people who need help. Mr. Miller has already met with the City Manager, Commissioner McCray and Chief Gage and as a result has noted an increased police presence in certain areas of the City. He thanked them for their assistance. III. OTHER: A. Informational Items by Members of the City Commission Commissioner Fisher commented on the presence of the Florida A&M Band and thanked the organizers of HeritageFest for bringing a band of this caliber to the City. Commissioner Fisher commended the Boynton Beach High School on their mature conduct during their loss at the recent basketball game and noted that they represented the City admirably. Commissioner Fisher felt that there would be many people in the community that will want to become involved with MAD DADDS and asked to be informed when the next meeting is scheduled so that it could be announced. Commissioner Fisher responded to Ms. 1lams' comment regarding the Old High School and noted that it would cost millions of dollars to refurbish it. He said that community input is needed so that the City can determine whether the building should be saved. He suggested that people either contact the Boynton Beach Historical Society or the Commissioners. Commissioner McCray said that people will be notified when the next MAD DADDS meeting is scheduled and urged everyone in the City to get involved. 4 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Commissioner McCray invited everyone to attend Love Festival 2002 scheduled for Saturday, March 9th at the Wilson Park and Wilson Center from 11:00 a.m. to 7:00 p.m. A great host of events will be offered, as well as a barbeque. ZV. ADMINZSTRATTVE: A. Accept resignation of Lee Wische, Regular Development Board Motion Commissioner McCray moved to accept the resignation of Lee Wische. Motion seconded by Commissioner Ferguson and unanimously carried. B. Accept resignation of Betty Collins, Regular Board Motion Commissioner McCray moved to accept the resignation of Betty Collins. Motion seconded by Commissioner Ferguson and unanimously carried. Appointment To Be Made Appointments to be made: Member, Planning & Member, Senior Advisory Length of Term Board Expiration Date II McCray Adv. Bd. on Children & Youth Stu/Reg/NonVoting 1 yr term to III Ferguson Adv. Bd. on Children & Youth Stu/Reg/Voting 1 yr term to TV. Fisher Bldg. Bd of Adj & Appeals Alt 1 yr term to T Weiland Education Advisory Board Reg 2 yr term to T! McCray Nuisance Abatement Board Alt 1 yr term to T Weiland Planning & Development Board Reg 2 yr term to I! McCray Senior Advisory Board Reg 2 yr term to 13~ Ferguson Senior Advisory Board Reg 2 yr term to Commissioner McCray tabled his appointments to the Children and Youth Board and the Nuisance Abatement Board. 4/02 4/02V 4/02 4/02 (Tabled-2) 4/02 (Tabled-2) 4/03 4/03 4/03 Advisory Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Commissioner McCray moved Lillian Bru77ese from an Alternate Member to a Regular Member of the Senior Advisory Board. Commissioner Fisher tabled his appointment. Vice Mayor Weiland appointed Randy O'Hara as a Regular Member of the Education Advisory Board. Vice Mayor Weiland appointed Edward Hillery as a Regular Member of the Planning and Development Board. Vice Mayor Weiland stated that Mr. Hillery will tender his resignation from the Code Compliance Board this week. Commissioner McCray requested that the resignation of Mr. Hillery first be tendered before the Commission appoints him to another board and that the appointment be placed on the next agenda. Attorney Cherof noted that the code prohibits anyone from serving on two boards, but it does not address the issue of resignation prior to appointment of a second board. Mr. Hillery needs to submit his resignation prior to the next regular meeting of either board. Motion Commissioner Ferguson moved to approve the appointments, which was seconded by Vice Mayor Weiland and unanimously carried. Commissioner McCray inquired about the replacement of Ms. Carolyn Sims as liaison to the Senior Advisory Board and Mr. Bressner stated staff is addressing this. V. ANNOUNCEMENTS & PRESENTAT~[ONS: A. Announcements: None B. Presentations: 1. Proclamations: a. "Read Together Boynton Beach" - March 15 - April 29, 2002 Mayor Broening read and presented the Proclamation to Ms. Virginia Farace, Library Director. 6 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 IVls. Farace accepted the Proclamation along with Ms. Dorothy Walker and Mr. Herb Suss, members of the City's Library Board. Ms. Farace thanked the Mayor and Commissioners on behalf of the Library Board and Friends of the Library for uniting Boynton Beach with other Palm Beach County communities for the Read Together Initiative. The program started four years ago in Seattle and spread across the country. Ms. Farace announced the programming activities that the Boynton Beach Library has scheduled. The book being read is Fahrenheit 451 by Ray Bradbury. Ms. Walker presented the Commissioners with a copy of the book. IVlr. Suss distributed bookmarks to the Commissioners and members of the audience. Ms. Farace announced that the book and video are available at the Library. The Friends of the Library are also selling the book for $5.00. 2. Accept Annual Financial Report for Fiscal Year ended September 30, 2001 Mr. Mike Pattillo, of Ernst & Young, presented the report. The Comprehensive Annual Financial Report ("CAFR'~ is prepared by the City's management team and it is Ernst & Young's responsibility to conduct an audit and to provide an opinion on the financial statements. Mr. Pattillo thanked Diane Reese and Steve Davis of the Finance Department for their support and assistance. A copy of the CAFR is available in the City Clerk's Office and the City Library. Mr. Pattillo reviewed some of the salient points of the CAFR and read into the record the first paragraph on Page 2 of the report, which is the "clean opinion" paragraph of the financial statements. The fixed assets of the City, exclusive of the water, sewer and utility assets, totaled $58,147,647. The General long-term debt of the City is $20,751,117, exclusive of revenue bonds in the Enterprise Funds. This is a reduction from last year. There was an increase in the General Fund of $3.1 million and an ending balance of $14,069,309, of which $5.7 million is reserved and not available for appropriation. Therefore, the City at the end of its fiscal year, had $8.4 million available in the General Fund, which is approximately 2 1/2 months of operating expenditures. The Enterprise Fund realized an increase in retained earnings from $79.1 million to $92.1 million. A portion of this fund is reserved by the bond indentures and is not all represented in cash. The combined pension funds totalled $122,493,937 and are entirely restricted for pension benefits. The audit did not disclose any material weaknesses in internal controls; no reportable conditions; and no material emphasis of non-compliance. Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Commissioner Fisher inquired what is the norm for municipalities for a reserve operating account. Mr. Pattillo responded that there is no set rule, but normally 20% to 25% is acceptable in this State. Some states have statutory requirements. Mr. Pattillo suggested that the City look at similar cities to determine what their policies are. Commissioner McCray noted that the Florida League of Cities recommended six months. Mayor Broening commended staff for doing a fine job of putting together a very readable and nicely done document. Motion Commissioner Fisher moved to accept the Comprehensive Annual Financial Report for the fiscal year ended September 30, 2001. Motion seconded by Commissioner McCray and unanimously carried. 3. Presentation on the dignity of the human person by 8th Grade students from St. Mark School Ms. Chris Weiland explained that the 8th grade class at St. Mark has been studying government and the church's teachings on the dignity of the human person through study, role playing and meeting with a Boynton Beach resident who lives in poverty. As a result, they have put together a presentation of their findings by utilizing visual and verbal effects. Ms. Weiland introduced the students that would be participating. The Commission and audience were moved by the fine presentation of the students. Mr. Bressner thanked the students for their informative presentation and urged their teacher to contact Ms. Octavia Sherrod in the City's Community Redevelopment Division. Ms. Sherrod will be able to provide the class with information on how the City is working to assist its citizens in need. Vice Mayor Weiland thanked Ms. Liz Huntenberg, the 8th Grade teacher, who helped organize the program. VT. PUBLIC HEARING: 6:30 P.M. OR AS SOON THEREAFTER AS THE AGENDA PERMITS Am Project: Agent: Owner: Location: Descr) pUon: Woolbright Plaza H. P. Tompkins Veronica Motiram 1609 S. Congress Avenue Request Conditional Use/Site Plan approval to raze an existing bank building in order to construct a new 14,490 square foot Walgreens' store with a drive-through facility 8 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 combined with 4,800 square feet of commercial space and a separate four-story 40,000 square foot office/retail building for a total of 59,290 square feet of building area on 4.945 acres. Project to be done in phases. Item Vl~I.D.1 moved from Consent agenda to be heard with Ttem V:[.A. Woolbright Plaza, 1609 S. Congress Avenue - Request a height exception pursuant to the City's Land Development Regulations, Chapter 2, Zoning, Section 4.F.2, to allow a peaked roof on a proposed office/retail building at 61 feet-6 inches, a distance of 16 feet-6 inches above the 45 foot maximum height allowed in the C-3 zoning district Attorney Cherof administered the oath to all persons who would be testifying. Mike Rumpf, Director of Planning and Zoning presented the item, which was brought to the City by H. P. Tompkins, Inc. The property currently consists of a 5,000+ square foot building situated on approximately five acres. The applicant is proposing to erect two buildings. One building would be four-stories, totaling 40,000 square feet in area and a separate building, which would house a 14,490 square foot Walgreens Store with additional retail attached, totaling 4,800 square feet for small-sized tenants. The property is zoned C-3 and the uses are permitted with the exception of the conditional use because of the drive-thru for the Walgreens Store. The project will be done in three phases. The four-story building would be phase 1; Walgreens would be phase 2; and the additional retail would be phase 3. All site improvements and landscaping will be constructed during phase 1. Ingress and egress to the site will have two access points directly onto the north side of Woolbright Road (right in and right out only) and another directly onto Congress Avenue (right in and right out only). There will be a third through the corporate center to the south utilizing an access easement. Screening and buffering, with the exception of the easements, will be typical landscaping. There is an existing utility easement along the west property boundary, which will limit the type of trees permitted and will limit the placement of the wall that is required by Code between a commercial and residential zoning district. Staff would support a variance to eliminate the wall if the landscaping could sufficiently buffer the uses. The variance is a condition of the application. Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Two freestanding signs are proposed, which is allowed. reasonable and compatible height with the area. The signs must be of The applicant is also applying for a height exception. The maximum height in a C-3 Zoning District is 45'. The applicant is proposing to cover roof top equipment with a false parapet that extends 5' above the maximum height. The applicant is also proposing a tower with similar architectural elements to hide the top of the stairway, since code requires access to the roof. The stairway will be decorated with a full roof tower that will add additional architectural features to the project. The tower would be 161/2 feet over the maximum allowable height and is the second part of the height exception request. Lloyd Powell, 112 N. Federal Highway, Boynton Beach, liked to see business growth in the City because it brings more taxes into the City and recommended approval of the project and the height exception. Bob Ensler, 26 Woods Lane, Boynton Beach, who is a member of the Planning and Development Board, wished to provide a prospective of the project. Mr. Ensler discussed the project with residents of Quail Run and Boynton Beach Leisureville and they are in favor of the project. This will be an improvement to the City and Congress Avenue. With regard to the height exception, when the project was first presented, the Planning and Development Board was told that it was for an elevator. Mr. Rumpf did not find out that the height exception was for a stairway until late today. He did not think that a 161/2' height exception would be necessary for a stairway. He would like the applicant to justify the height exception in writing and have the item go back to the Planning and Development Board for further review. Herb Suss, a resident of Quail Run, supported the project, but had concerns regarding the height exception. Mr. Suss also questioned why it was necessary that Walgreens maintain a 24-hour drive-thru. Mr. Suss would like the u-turn located at SW 26th Street and Woolbright Road eliminated because he feels this is dangerous. He recommended using the u-turn that is located at the Knuth Road and Woolbright and would like the City to work with the County to change this. Patrick Pucci, 2628 Spiceberry Lane, Boynton Beach, President of Quail Run Villas Homeowners Association, is in favor of fixing up this location. Residents of Quail Run have expressed concerns regarding Walgreens' hours of operation and the traffic it would generate. He felt that the project would disturb the quiet serenity of their lake and the wildlife that inhabits it. He thought that the height of the building would be an eyesore for people that own property on the lake and would like assurances that there would be proper coverage to block this off. 10 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Press Tompkins, H.P.T. Consultants, a licensed professional engineer and land planner, representing the applicant, stated that they coordinated the architecture of the Walgreens building and the four-story building, using a Mediterranean style design. Mr. Tompkins reviewed the Walgreens' site plan for the benefit of the Commission. The drive-thru will be constructed so that the headlights at night would face Congress Avenue and not the residential to the west. Between the project and Quail Run there is over 600' of water and they have tried to minimize the impact of the project on the residents. Mr. Tompkins said that several meetings were held with various staff members and Dave Kelly, the City's Engineer, was in favor of placing landscaping where the water main is located. An alternative landscaping plan has been drawn that would include a great deal of Areca Palms and shrubbery to act as a shield for the residential neighborhood. Mr. Tompkins apologized for giving the wrong information regarding the elevator at the Planning and Development Board Meeting since his architect was out of town that night. The Standard Building Code requires that any four-story building must have a stairwell to the roof. Because of this requirement, the applicant wanted to make an architectural statement that would blend in with the building. The application for the height exception is only for the stairwell area and not the entire building. Vice Mayor Weiland suggested adding mature Royal Palms and felt this would break up the height of the office building. Mr. Tompkins said this would not be a problem. Vice Mayor Weiland thought the project would be a nice addition to Congress Avenue. Vice Mayor Weiland requested that a condition be put in the variance that the height exception could only be used for the stairwell and to hide equipment and could not be used as office space. Mr. Tompkins agreed to this condition. Commissioner Fisher inquired if the residents of Quail Run could circulate a petition regarding the u-turn and send it to the County, since this is a County road. He also requested that the trees be planted closer together to make the landscaping denser. Mr. Tompkins suggested planting the trees between 20 to 25 feet on center. Commissioner Fisher inquired if the applicant would be willing to cut back on the height exception request. Mr. Tompkins stated that it was possible for them to come down to 12' feet, but the arches would be flattened. Mayor Broening requested staff to inform the citizens what is permitted in C-3 Zoning. Mr. Rumpf responded that C-3 Zoning is the City's most intense retail, commercial zoning district that allows for most retail activities. For example the Boynton Beach Mall is within a C-3 Zoning district. Also uses in C-2 and C-1 zoning districts would be allowed. 11 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Mayor Broening would like a condition of approval that no vending machines or outdoor shopping cart storage would be allowed and to limit operations that might be offensive at a future date. Attorney Cherof responded that this could be added as a condition of approval. Mr. Tompkins agreed to this as well. Mayor Broening would also like included in the conditions that there would be additional buffering on the lakeside and that mature plantings would be used. Lastly, there was discussion of working with the County to eliminate the u-turn at 26th and Woolbright for safety reasons. Mayor Broening called for a motion on the site plan. Motion Commissioner Ferguson moved to approve Ttem V]:.A request for conditional use/site plan approval to raze an existing bank building in order to construct a new 14,490 square foot Walgreens Store with a drive-through facility as stated in the agenda to include the conditions which would include increased landscaping, prohibition against outside coin operated vending machines and outside storage of shopping carts, an increase in mature buffering on the west side of the property and to work with the County to change the traffic flow at 26th and Woolbright. For point of clarification Mr. Tompkins requested that the u-turn change would not prevent the project from moving forward. Mayor Broening acknowledged that the City does not have jurisdiction to do this, but will try to induce the County to move the u- turn to Knuth Road and to eliminate the u-turn at 26th Street. Vote Notion seconded by Commissioner Fisher and unanimously carried. Motion Commissioner Ferguson moved to approve the request for a height exception pursuant to the City's Land Development Regulations, Chapter 2, Zoning, Section 4.F.! to allow a peaked roof on a proposed office/retail building at 61 feet-6 inches and the granting of the height exception is only for this particular site and is not be used for anything except for housing the stairwell. Motion seconded by Vice Mayor Weiland. Commissioner Fisher asked if the Commission would like to lower the height exception to 12', which the applicant agreed to. Mayor Broening would like to preserve the architectural integrity of the building and remain with the requested height. Vice Mayor Weiland noted that the height exception would be facing Congress Avenue and not the back of the building. Vote Mayor Broening called for a vote on the motion. The motion carried unanimously. 12 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 VII. CONSENT AGENDA: A. Minutes: Agenda Preview Conference of February 14, 2002 Regular City Commission Meeting of February 19, 2002 Bids and Purchase Contracts - Recommend Approval - All expenditures are approved in the 2001-2002 Adopted Budget Award the 'q'WO-YEAR BID FOR HYDRAULIC CYLINDERS AND VALVES, PARTS AND REPAIRS," Bid #031-2516-02/KR, to Construction Hydraulics of Lake Worth, Florida for an annual estimated expenditure of $35,000 C. Resolutions: Proposed Resolution No. R02-017' (R02-037) Re: Approving .loint Project Participation/Funding Agreement with Palm Beach County for the Construction of Boynton Beach Boulevard and Military Trail Intersection Improvements in an amount not to exceed $27,220 Proposed Resolution No. R02-0:1.8' (R02-038) Re: Approving full release of surety for water improvements for the project known as Harrison Import/Export, and refunding $600 to the developer, Contractors Management Services, Inc. Proposed Resolution No. R02-0:~9' (R02-039) Re: Approving full release of surety for water improvements for the project known as PGD Inc., and refunding the cash surety of $825 to Chris and Shelley O'Hare Proposed Resolution No. R02-020' (R02-040) Re: Approving full release of surety for water and sewer improvements for the project known as YMCA, and returning the letter of credit from Comerica Bank to the developer Proposed Resolution No. R02-02:L* (R02-04:E) Re: Ratifying South Central Regional Wastewater Treatment & Disposal Board *Scrivener's Error 13 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March S, 2002 action of January 17, 2002 and approving funding for Task Order with consulting engineer Hazen & Sawyer for Preliminary Design Report to expand the South Central Regional Wastewater Treatment & Disposal Board's reclaimed water system to 24 mgd, in the amount of $47,:100 Proposed Resolution No. R02-022' (R02-042) Re: Approving full release of surety for water improvements for the project known as Boynton Commerce Center IT, and returning the letter of credit from Mellon United National Bank in the amount of $33,550 to the developer Proposed Resolution No. R02-023' (R02-043) Re: Approving an Agreement for Water Service Outside of the City Limits and Covenant for Annexation with Polo Ridge Developer, LLC, for a parcel of land located on the west side of State Road A1A, approximately 197 feet north of Sea Road Proposed Resolution No. R02-024' (R02-0~.~.) Re: Authorizing staff to remove and/or refund all penalty fees associated with late payment of 2002 Occupational License Renewal Commissioner Ferguson requested that ]rem C.8 be removed for discussion. D. Ratification of Planning & Development Board Action: Woolbright Plaza, 1609 S. Congress Avenue Request a height exception pursuant to the City's Land Development Regulations, Chapter 2, Zoning, Section 4.F.2, to allow a peaked roof on a proposed office/retail building at 61 feet-6 inches, a distance of 16 feet-6 inches above the 45 foot maximum height allowed in the C-3 zoning district (Moved to be heard with Ttem VT. A.) E. Ratification of CRA Action: None *Scrivener's Error 14 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Approve a donation from the State Forfeiture Fund Account in the amount of $5,000 to the Lake Worth Community High School Criminal Justice Academy Approve the transfer of $4,000 from the City Commission's Community Investment Fund to the Library's Donation Account ($1,000 each from the Community Investment Funds of Vice Mayor Weiland, Commissioners Ferguson, Fisher and McCray) Mayor Broening pulled Item G. for discussion. Approve the transfer of $12,500 of the City Commission's Community Investment Fund to the Library's Donation Account (from Mayor Broening's Community Investment Funds) Mayor Broening pulled Item H. for discussion. Approval of Plat #6, Replat #1 of Quantum Park PID (Quantum Lakes Drive) Mayor Broening pulled Item ! for discussion. Motion Commissioner McCray moved to approve the Consent Agenda, as amended. Motion seconded by Commissioner Ferguson and unanimously carried. C. 8. Proposed Resolution No. 02-024* (R02-044) Re: Authorizing staff to remove and/or refund all penalty fees associated with late payment of 2002 Occupational License Renewal Commissioner Ferguson reported that because of computer problems some business owners in the City were billed late for their occupational licenses, which amounted to $74,000 in late fees. These are funds that the City would not have collected through the regular renewal process and the City is proposing to waive these late fees since the business owners were not notified on time. *Scrivener's Error 15 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Motion Commissioner Ferguson moved to approve Resolution No. 02-044. Motion seconded by Commissioner Fisher and unanimously carried. Mayor Broening asked Mr. Suss to take the podium since he had presented a card on Items G and H. Mr. Suss did not answer and as a result, Mayor Broening called for approval of these two items. VII. G. Motion Approve the transfer of $4,000 from the City Commission's Community Investment Fund to the Library's Donation Account ($1,000 each from the Community Investment Funds of Vice Mayor Weiland, Commissioners Ferguson, Fisher and McCray) Commissioner Ferguson moved to approve Item VII.G. Motion seconded by Commissioner Fisher and unanimously carried. VII. H. Motion Approve the transfer of $12,500 of the City Commission's Community Investment Fund to the Library's Donation Account (from Mayor Broening's Community Investment Funds) Commissioner Ferguson moved to approve Item VII. H. Motion seconded by Commissioner McCray and unanimously carried. VII. I. Approval of Plat #6, Replat #1 of Quantum Park PID (Quantum Lakes Drive Enrico Rossi, 625 Whispering Pines Road, Boynton Beach, said that he did the original engineering for Quantum Park and is familiar with what goes into the design of the Park. Mr. Rossi said that he looked at the plat today and was informed by the City that it had only been submitted 36 hours ago. He took issue why the City puts things on fast track for Quantum Park. The plat shows the abandonment of Quantum Drive and that Quantum Park is asking that 50' of the lake be filled in. This amounts to approximately one acre of land. Mr. Rossi said that the filling in of the lake should require a drainage study and asked to look at the study. Mr. Rossi was informed that the City was not furnished with a drainage study. Mr. Rossi wanted to know where the sewer lines and easements would be placed. Secondly, Mr. Rossi wanted to know why the dedication of the land was not shown on the plat. Mr. Rossi pointed out the area that he was referring to on the plat. Mr. Rossi requested that the Commission take no action tonight until these questions are answered. 16 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Attorney 3ohn Gary, 701 U.S. 1, N. Palm Beach, Florida, representing the Willows at Quantum Lakes, agreed with Mr. Rossi's comments. Mr. Gary pointed out that this plat is part of the DR:[ and a few months ago the Commission approved NOPC#12, which approved taking part of Quantum Lakes Drive to make lots 100 and 101. He asserted that NOPC#12 did not ask the Commission to approve any change to Water Management Tract Q. The proposed plat being presented shows the taking of Quantum Lakes Drive and approximately one acre from Water Management Tract Q. Mr. Gary said that they have filed for a temporary restraining order in Circuit Court because the developer asserted that they filed a Water Management Plan and that the CDD needs to purchase lot 34C from the developer, which is designated replat, for $1.6 million. The developer and the CDD have signed a contract. He went on to explain that the CDD is an entity created by the City and that the City needs to watch what is going on. He questioned the reasoning of the petition for a replat that eliminates an acre of the drainage area, while at the same time claiming they need to purchase another piece of property for $1.6 million. Attorney Gary requested that the item be continued to afford the owners of Quantum Park, as well as the Commission, an opportunity to study it. Attorney David Norris, representing Quantum Limited Partners, stated that Mr. Gary was present tonight because there is a dispute pending between Mr. Gary's client and Quantum Limited Partners and the lawsuit has no bearing on tonight's item. Mr. Norris pointed out that if the Commission approved the replat, Mr. Gary's client will have to purchase the property and they are using the Commission as an excuse not to have to pay them. Attorney Norris said that this is an issue that the courts should decide. Mr. Norris also pointed out that Mr. Gary's client supported the replat and obtained a site plan approval for this same property. Attorney Norris stated that the property was dealt with in NOPC#12 that was part of the approval process and included tract Q. He stated that the application for the plat was originally submitted in October. They have been working with staff since that time and have gone through the TRC process. Attorney Norris assumed that they had worked everything out with staff. Staff only had some issues dealing with easements that the City would like to see in place immediately after the plat is filed. Attorney Norris felt these were site plan issues and not platting issues. Attorney Norris stated that they were agreeable to move forward with the plat and agreed to condition the approval to provide that the easements be recorded immediately after the plat. Attorney Norris requested that the Commission move forward with approving the plat and not to become involved in the dispute. Mr. Livergood, Public Works Director, said that the Department of Engineering received the plat for review on Friday, March 1st with a request to place the item on the agenda for tonight's meeting. Mr. Livergood and the City Engineer, Dave Kelly, have not signed 17 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 the plat because they have some reservations and have discussed them with Quantum. Staff has concerns about easement locations for utilities, which have not been properly addressed on plat. Staff questioned the ownership of the property and whether Quantum Limited Partners or the CDD were the owners, which is relevant to the process. Staff is not prepared to sign off on the plat. Commissioner Fisher inquired if the item could be approved with conditions. Attorney Cherof said that the Commission could condition the approval, but it would not be very much of an approval, because the actual work will occur after the meeting. Motion Vice Mayor Weiland moved to table until the conditions can be worked out. Motion seconded by Commissioner McCray. The motion failed 3-2 (Mayor Broening, Commissioner Ferguson and Commissioner Fisher dissenting). Mayor Broening inquired if it has been determined that the Property Owner's Association (POA) was involved. Attorney Norris stated that Mr. Gary's client felt the POA had title to tract Q, which it does not. Mr. Norris stated that the CDD had title to tract Q. Attorney Norris requested that the Commission approve the plat conditioned upon resolution of the issues because he felt these were site plan issues. Commissioner Fisher did not feel that the Commission should become involved in the dispute between the parties. Commissioner Fisher asked staff to state why this should not be considered a site plan issue and how it differs from NOPC#12. Mr. Livergood responded that they are asking staff to approve and sign a plat and to testify that staff has reviewed it and that the easements noted are correct. This is not the case. Staff would like to review it in depth to ensure that it is correct, which they have not had the opportunity to do. Mayor Broening asked how the plat presented tonight differs from NOPC#12. Mr. Rumpf responded that this is the first time he has heard of the issue and has not had an opportunity to research the relationship of the land use involved and NOPC#12. If it is not part of NOPC#12, converting the land use from a water management tract, would be putting the "cart before the horse." Commissioner Fisher would like to approve the item making it conditional upon resolving the issues. If staff did not approve the conditions, it would make the plat approval null and void. This method would keep the process moving along rather than requiring the applicant to have to come back to the Commission. 18 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Mr. Bressner inquired about the urgency of the issue and noted that by taking this approach, the Commission would be giving staff veto authority over the plat. Mr. Bressner did not think this action would be appropriate. Mayor Broening inquired how tabling the item would affect Quantum. Mr. Norris stated that there are contracts pending based upon the plat approval and the contract with Olen requires them to pay Quantum. Therefore, the delay certainly would not be beneficial to Quantum. Eugene Gerlica, a member of the Quantum Community Development District, stated the issues discussed with staff yesterday were the result of staff's questions regarding utility easements for the existing utilities within the roadway. Quantum assured staff that the separate utility easement documents would be prepared and recorded after the plat is recorded. Mr. Gerlica would like the plat being presented tonight to be recorded exactly as submitted. They want the three easement areas where there are existing utilities to be encumbered by a separate instrument so that they can be abandoned later pursuant to the Olen site plan and Quantum Village plan. Mayor Broening asked what the impact of approving the plat has on Olen. Attorney Gary responded that any approval with conditions would serve as approving the plat. Mr. Gary responded that the party requesting approval of the plat is a different party from Olen that already has the villas approved. Attorney Gary pointed out that City staff is questioning the abandonment of the property. He doubted the legality of the plat and whether it was included in the NOPC. Attorney Gary said that he read the resolution approving the NOPC and did not see where the Water Management tract was vacated. A new NOPC needs to be done and a drainage study should be undertaken. Attorney Gary requested that the item be postponed until the next meeting. Mr. Gerlica stated that he submitted to Mr. Rumpf in October the revised plat pursuant to the NOPC#12 approval and this has been under review by his department and the Engineering Department since then. Mr. Rumpf responded with two sets of comments and they have been addressed. Mr. Gerlica noted that the submittal of the plat on Thursday was only after Quantum received word from the Engineering Department that the plat was technically correct. Mr. Gerlica questioned why Mr. Rumpf hadn't determined that the land and the two lots were not included in NOPC#12 since it was submitted in October. Further, Mr. Gerlica said that when they submitted NOPC#12, staff made 42 comments; he objected to 4! of the 42 comments in writing, the original of which is attached to the minutes. One of the comments made by staff was to be provided with an area summary calculation showing how much of tract D and tract Q would be included in Lots 100 and 101. This table was provided to staff and the acreages shown on the master plan came from that table. Mr. Gerlica pointed out that Olen submitted a site plan and a letter in favor of NOPC#12, which was approved by the City. 19 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 Mr. Gerlica was requested to point out the location of Lot 34C on the plat. Lot 34C fronts on Miner Road and is located in the extreme northern part of the Park. Originally this was designated industrial, which was objected to by the City and Treasure Coast Planning. Therefore this lot was put in a "reserved" category and is not encumbered for any drainage purposes. Attorney Gary stated that he read the resolution and the only thing that he saw relating to Lot 34C was that it was reserved. IVlr. Gerlica read into the record a portion of Condition #4 to the NOPC approval, the second paragraph under the Forester/Environmentalist Comment: ":It is acknowledged that 34C is not encumbered by any easement, reservation, dedication or permit requirement by the City, any regulatory agency or special district, including the Quantum Community Development District regarding the use of 34C for drainage purposes, except the drainage requirements associated with the development of lot 34C." Vice Mayor Weiland asked staff if any of their questions have been cleared up. Mr. Rumpf stated that his position has not changed. Vice Mayor Weiland would like to have these issues cleared up before the Commission votes on the item. Attorney Norris said they would agree to have the resolution of the three easements as a condition of approval, as well as verification that a portion of tract Q was part of NOPC# 12 approval. Attorney Gary disagreed with Attorney Norris and stated it was the Commission's responsibility to determine this and not staff. Motion Commissioner Fisher moved to recess for 10 minutes to allow staff to confer with the various parties to determine if any of the issues can be cleared up. The meeting recessed at 9:20 p.m. and reconvened at 9:30 p.m. Mr. Rumpf stated that staff was asked to review the document placed on the Recording Secretary's table to determine if tract Q was included in the NOPC #:[2 application and that cannot be discerned from that document. Attorney Norris reiterated that they would be amenable to having the plat approved subject to the conditions he previously mentioned. 2O Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 After listening to all the testimony tonight, Mayor Broening stated that the Commission is faced with determining whether it wants to grant the request with conditions. Motion Commissioner Ferguson moved to approve Plat #6, Replat #1, conditioned on resolution of the site plan issues, including the easements and tract Q, and any other issues that may arise. Attorney Cherof requested that a condition of approval be the certification of the plat documents by Mr. Kelly and Mr. Livergood. Commissioner Ferguson amended his motion to include a condition of approval be the certification of the plat documents by Mr. Kelly and Mr. Livergood. Motion seconded by Commissioner Fisher and unanimously carried. VIII. CITY MANAGER'S REPORT: A. Update on Utilities Reserve Funds Dom Desiderio, 2755 S. Federal Highway, Boynton Beach, pointed out that the financial statements showed that there was $92 million in the storm water reserve fund and if all projects were completed, there would be an excess remaining in the fund. Mr. Desiderio stated he is paying $1,700 per year to storm water utilities fund and asked for relief. Mr. Desiderio asked if Pond B came in $1 million under budget and was this savings was put into the redevelopment fund. Mayor Broening responded that $1 million was saved when Pond B was built, but it was not in dollars. Mr. Bressner reported on the balances in the Utility Fund and staff was requested to evaluate the reduction of the storm water fees. Staff looked at the money in the reserve; the anticipated money that would be coming in; and the position of the Fund at September 30, 2002. Staff determined that $5.6 million from the Water and Sewer Revenue Fund could be freed up. Staff believes that there are sufficient reserves in the Utility Fund to operate it and to meet the capital projects without jeopardizing the Utility. Mr. Bressner stated that the storm water utility fee could be reduced by 17% for every dollar paid. This would mean if the Commission authorized the reduction of the storm water fee from $6 to $5, this would result in a 17% reduction. Mr. Bressner pointed out that the Commission needs to keep in mind that there might be certain projects that may need funding, such as canal maintenance and staff is assessing this. Mr. Bressner presented various scenarios and the costs for each of them. This matter will be coming back to the Commission in April. Another issue that the 21 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March S, 2002 Commission may have to address is whether or not the City would be going to the deep aquifer for water supply. Currently, this is only being studied. The third item that needs to be kept in mind is whether municipalities will have to bear some of the costs for the Everglades' restoration. Mr. Bressner suggested that a reduction in the storm water fee be done gradually. The projected expenses for the swale program have been reduced from $2 million to approximately $500,000 per year, and this has already been excluded from anticipatory expenses. Commissioner Fisher would like to bring the fee down to $4.00. Commissioner Ferguson felt that bringing the fee down to $4.00 would not be advisable at this time and that the reduction should be to $5.00, which staff is recommending. Mayor Broening noted that an Ordinance would have to be prepared in order to reduce the fee. Motion Commissioner Fisher moved to have the Ordinance drafted at a reduction to $4.00. Notion died for lack of a second. Motion Commissioner Ferguson moved to have the Ordinance drafted at the rate of $5.00 to reduce the storm water rate from $6.00 to $5.00 with an effective date of April :Lst. Mr. Bressner pointed out that the Ordinance could not be adopted in time for the April :~st effective date. Commissioner Ferguson amended his motion to have an effective date of May 1st. Motion seconded by Commissioner Fisher and unanimously carried. Mr. Sugerman pointed out that two hearings would be necessary, and the City may put itself in a position where it would have to refund money. Mr. Sugerman requested that the motion be further amended to state "to be effective during the first full billing cycle after the adoption of the Ordinance on second reading." Commissioner Ferguson agreed to further amend his motion to eliminate "May Ist' and to substitute the language stated by Mr. Sugerman, Commissioner Fisher seconded the amended motion. The motion unanimously carried. 22 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 IX. XI. XII. FUTURE AGENDA ]TEMS: A. Discussion of proposed Charter Amendments (April 2, 2002) Review of Proposed Amendment to Development Agreement - Marina Project (April 16, 2002) C. Discuss long-range plan for the Boynton Woman's Club (April 16, 2002) Resolution regarding revisions to the guidelines for the City Commission Community Investment Fund (April 16, 2002) "Commission on the Road" Meeting at Citrus Cove Elementary School (April 16, 2002) Proposed Resolution No. R02-016 regarding authorizing the use of eminent domain to acquire the public right-of-way necessary to develop the Boynton Beach Boulevard Promenade and Riverwalk (April 2002) (7"abled a~ .7anuary .~ 2002 m~e~'ing) Proposed resolution regarding approving a contract for consulting services known as the Heart of Boynton Neighborhood Academy (May 7, 2002) Discussion of water and wastewater rate options (May 7, 2002) Ordinance on first reading rescinding LDR Chapter 2, Zoning, Section 11.3. Environmental Review and associated references to Environmental Review Permit or the Environmental Review Committee (May 7, 2002) FRA Whistle Ban - Report (May 2002) - Delayed due to Federal Railway Administration Delay in Rulemaking Lake Eden Canal Maintenance Options (May 21, 2002) DEVELOPMENT PLANS: None NEW BUSINESS: LEGAL: A. Ordinances - 2nd Reading - PUBLIC HEARING 23 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March S, 2002 None B. Ordinances - 1st Reading Proposed Ordinance No. 02-010 Re: definition of "building height" found in Land Regulations Chapter 1, Article II Revising the Development City Attorney Cherof read proposed Ordinance No. 02-010 by title only. Motion Commissioner Ferguson moved to approve proposed Ordinance 02-010 by title only. Motion seconded by Commissioner Fisher. City Clerk Prainito called the roll and the motion passed unanimously. Proposed Ordinance No. 02-011 Re: Amending code to add "places of assembly" to the list of exceptions to the maximum building height found in Land Development Regulations Chapter 2, Section 4.F.2 City Attorney Cherof read proposed Ordinance No. 02-011 by title only. Motion Commissioner Ferguson moved to approve proposed Ordinance No. 02-011. Motion seconded by Commissioner Fisher. City Clerk Prainito called the roll and the motion passed unanimously, C. Resolutions: None D. Other: 1. Comment on defamation - City Attorney James A. Cherof Addressed earlier in the meeting. XIII. UNFINISHED BUSINESS: None 24 Meeting Minutes Regular City Commission Meeting Boynton Beach, Florida March 5, 2002 XTV. AD3OURNMENT: There being no further business, the meeting properly adjourned at 10:05 p.m. ATTEST: rainito '-City Clerk Barbara M. Madden Recording Secretary (four tapes) Commissioner (March 6, 2002) 25 COMPREHENSIVE ANNUAL FINANCIAL REPORT of the CITY OF BOYNTON BEACH, FLORIDA for the Fiscal Year Ended September 30, 2001 . prepared by Department of Financial Services Diane Reese Director of Financial Services lntrodu.ctory Section Table of Contents Transmittal Letter Government Finance Officers Certificate of Achievement for Excellence in Financial Reporting City of Boynton Beach, Florida Comprehensive Annual Financial Report Year ended September 30, 2001 Contents Page Number INTRODUCTORY SECTION Transmittal Letter ............................................................................................................................. i Certificate of Achievement .......................................................................................................... xiii List of Principal Officials ............................................................................................................. xiv City of Boynton Beach Organizational Chart ............................................................................... xv FINANCIAL SECTION Report of Independent Certified Public Accountants ...................................................................... 1 General Purpose Financial Statements Combined Balance Sheet--All Fund Types, Account Groups and Discretely Presented Component Unit ........................................................................................................ 3 Combined Statement of Revenues, Expenditures and Changes in Fund Balance---All Governmental Fund Types, Expendable Trust Funds and Discretely Presented Component Unit ....................................................................................... 7 Combined Statement of Revenues, Expenditures and Changes in Fund Balance---Budget and Actual (Budgetary Basis) General, Special Revenue and Debt Service Funds for Which Annual Budgets Have Been Legally Adopted ...................................................................................................................................... 9 Combined Statement of Revenue, Expenses and Changes in Retained Earnings--Proprietary Fund Types .......................................................................................... 12 Combined Statement of Cash Flows--Proprietary Fund Types ................................................. 13 Combined Statement of Plan Net AssetsmPension Trust Funds ............................................... 15 Combined Statement of Changes in Plan Net Assets--Pension Trust Funds ............................ 16 Notes to Financial Statements ..................................................................................................... 17 Required Supplementary Information Schedules of Funding Progress ................................................................................................ 55 Schedules of Contributions from Employer and Other Contributing Entities for the Last Six Years ............................................................................................................... 56 City of Boynton Beach, Florida Comprehensive Annual Financial Report (continued) Year ended September 30, 2001 Contents Page Number FINANCIAL SECTION--CONTINUED Combining and Individual Fund Statements and Schedules General Fund Schedule of Revenue---Budget and Actual (Budgetary Basis) ................................................... 57 Schedule of Expenditures and Encumbrances (Budgetary Basis)--Compared with Appropriations ................................................................................................................. 60 Special Revenue Funds Combining Balance Sheet ........................................................................................................ 62 Combining Statement of Revenue, Expenditures and Changes in Fund Balance ..................................................................................................... 63 Combining Statement of Revenue and Expenditures--Budget and Actual-- Local Option Gas Tax Fund, Community Improvements Fund and Recreation Program Fund ..................................................................................................... 64 Schedule of Expenditures---Budget and Actual--Local Option Gas Tax Fund ...................... 66 Schedule of ExpenditurestBudget and Actual Community Improvements Fund .............................................................................................................. 67 Schedule of Expenditures-Budget and ActualtRecreation Program Fund ............................ 68 Debt Service Funds Combining Balance Sheet ........................................................................................................ 69 Combining Statement of Revenue, Expenditures and Changes in Fund Balance ......................................................................................................................... 70 Combining Statement of Revenue, Expenditures and Changes in Fund Balance~Budget and Actual for Which Annual Budgets Have Been Legally Adopted .................................................................................................................... 71 City of Boynton Beach, Florida Comprehensive Annual Financial Report (continued) Year ended September 30, 2001 Contents Page Number FINANCIAL SECTION---CONTINL~D Combining and Individual Fund Statements and Schedules Continued Enterprise Funds Combining Balance Sheet ....................................................................................................... 73 Combining Statement of Revenue, Expenses and Changes in Retained Earnings ................................................................................................................. 75 Combining Statement of Cash Flows ...................................................................................... 76 Schedule of Operating Expenses .............................................................................................. 78 Schedule of Changes in Property, Plant and Equipment .......................................................... 79 Schedule of Revenue Bonds and Accrued Interest Payable ..................................................... 81 Internal Service Funds Combining Balance Sheet ....................................................................................................... 82 Combining Statement of Revenue, Expenses and Changes in Retained Earnings ................................................................................................................. 83 Combining Statement of Cash Flows ...................................................................................... 84 Trust and Agency Funds Combining Balance Sheet--Trust and Agency Funds ............................................................ 85 Combining Statement of Plan Net Assets--Pension Trust Funds .......................................... 86 Combining Statement of Changes in Plan Net Assets--Pension Trust Funds ........................ 87 Combining Balance Sheet--Expendable Trust Funds ............................................................. 88 Combining Statement of Revenue, Expenditures and Changes in Fund Balance--Expendable Trust Funds ............................................................................. 89 General Fixed Assets Schedule of General Fixed AssetsmBy Source ....................................................................... 90 Schedule of General Fixed Assets--By Function and Activity ............................................... 91 Schedule of Changes in General Fixed Assets--By Function and Activity ............................ 93 City of Boynton Beach, Florida Comprehensive Annual Financial Report (continued) Year ended September 30, 2001 Contents Page Number FINANCIAL SECTION~CONTINUED Combining and Individual Fund Statements and Schedules--Continued Long-Term Debt Summary Schedule of Debt Service Requirements to Maturity .............................................. 95 Summary Schedule of Promissory Notes and Special Revenue Bonds Debt Service Requirements to Maturity ........................................................................................ 96 Schedule of Promissory Note - Community Redevelopment Agency .................................... 97 Schedule of Promissory Note ................................................................................................... 98 Schedule of Public Service Tax Refunding Revenue Bonds, Series 1993 .............................. 99 Summary Schedule of Revenue Bond Debt Service Requirements to Maturity .................... 100 Schedule of Utility System Revenue Bonds, Series 1996 ...................................................... 101 Schedule of Utility System Revenue Bonds, Series 1992 ...................................................... 102 Schedule of Recreational Facilities Refunding Revenue Bonds, Series 1991 .......................103 STATISTICAL SECTION General Fund Revenue by Source and Operating Transfers In--Budgetary Basis ...................... 104 General Fund Expenditures by Function--Budgetary Basis ....................................................... 106 Property Tax Levies and Collections ........................................................................................... 108 Assessed and Estimated Actual Value of Taxable Property ........................................................ 110 Property Tax Rates--All Direct and Overlapping Governments ................................................ 112 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita .................................................................................................................................. 113 Computation of Direct and Overlapping General Obligation Bonded Debt ................................ 115 Computation of Legal Debt Margin ............................................................................................. 116 Ratio of Annual Debt Service Requirements for General Bonded Debt to Total General Fund Expenditures--Budgetary Basis ............................................................... 117 Schedule of Water and Sewer Revenue Bond Debt Service Coverage ........................................ 118 Property Value and Construction ................................................................................................. 119 Principal Taxpayers ...................................................................................................................... 120 Demographic Statistics ................................................................................................................ 121 Miscellaneous Statistical Data ..................................................................................................... 122 City of Boynton Beach, Florida Comprehensive Annual Financial Report (continued) Year ended September 30, 2001 Contents Page Number COMPLIANCE WITH THE SINGLE AUDIT ACT AND THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA Schedule of Expenditures of Federal Awards and State Financial Assistance ............................ 124 Notes to the Schedule of Expenditures of Federal Awards ......................................................... 127 Independent Certified Public Accountants Report on Compliance and Internal Control Over Compliance in Applicable to Each Major Federal Awards Program and State Financial Assistance Project ............................................................... i ....... 128 Schedule of Findings and Questioned Costs ................................................................................ 130 Independent Certified Public Accountants Report on Compliance and Internal Control over Financial Reporting Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards ...................................................................................................................... 134 REQUIRED COMMUNICATIONS .............................................................................. 1111111111111136 Management Letter ...................................................................................................................... 146 Boynton Beach 100 E. Boynton Beach Boulevard P.O. Box310 Boynton Bed~l~ Flor~,(o_ 33425-0310 City Hall: (561) 375-6000 FAX: (561) 375-6090 March 5, 2002 Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida Ladies and Gentlemen: It is my pleasure to submit the Comprehensive Annual Financial Report for the City of Boynton Beach, Florida (the City) for the fiscal year ended September 30, 2001. The report fulfills the requirements set forth in Chapter 166.241 of the Florida Statutes and the Rules of the Florida Auditor General, Chapter 10.550. The organization, form and contents of this report are formulated in accordance with the principles prescribed by the Governmental Accounting Standards Board (GASB), the American Institute of Certified Public Accountants and the Government Finance Officers Association. The staff of the Financial Services Department prepared this report. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the Management of the City. To the best of our knowledge and belief, the information as presented is accurate in all material aspects; the information is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds. All disclosures necessary to enable the reader to gain maximum understanding of the City's finaneiai affairs are included. The Financial Services Department has prepared this report following guidelines recommended by the GASB. The report's format facilitates understanding by the non-financially oriented citizen as well as providing all information necessary for the most sophisticated and interested financial observers. The Comprehensive Annual Financial Report consists of three sections as detailed below. Introductory Section-This section acquaints the reader to the City and summarizes the financial story through use of financial statements, schedules, notes and statistical tables. Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida Financial Section-This section contains the report of the independent auditors, the general purpose financial statements and the notes. These three elements make up the City's basic financial statements. The statements provide an overview of the City's financial position. The remainder of this section presents the combining statements, individual fund statements and schedules focusing on individual funds rather than fund types. Statistical Section-This section contains substantial financial information. However, these tables differ from financial statements in that they present some non-accounting data, cover more than one fiscal year and are designed to reflect social and economic data, financial trends and the fiscal capacity of the City. In addition, in accordance with requirements of the State of Florida and the Federal Single Audit Act a separate compliance section has been included starting on page 124. The City is required to undergo an annual audit under Government Auditing Standards. This section includes the schedule of expenditures of federal awards and state financial assistance, report of independent auditors on compliance and internal control over compliance applicable to each major federal award program and state financial assistance projects with accompanying schedule of findings and questioned costs, and report of independent auditors on compliance and on internal control over financial reporting based on an audit of the general purpose financial statements in accordance with Government Auditing Standards. REPORTING ENTITY AND ITS ORGANIZATION The City of Boynton Beach is located approximately 13 miles south of West Palm Beach and 65 miles north of Miami, Florida. Boynton Beach is located within the boundaries of Palm Beach County. The current population is estimated at 61,816. The City was established in 1896 as a small fishing village and farming community. The City was incorporated in 1920 and has operated under a Commission-Manager form of government. Voters elect a mayor and four commissioners who currently serve two-year terms. In November 2000 voters approved a charter amendment which will allow two consecutive three-year terms for commissioners elected after March 2003. The City Commission meets on the first and third Tuesdays of each month to set forth city policy. The mayor may live anywhere within the city limits, but is required to reside in the City for at least a year before seeking office. Commissioners must live within the district they represent. Voters also approved in November 2000, the change from citywide voting for all commissioners to single district voting. The commission hires a City Manager to oversee the day-to- day operations of the City. The current organizational structure is depicted on page xv. Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida The City provides its citizens with a variety of public services. These include: Police protection Fire/rescue protection Refuse collection Code compliance Parks and recreation Water and Wastewater Mass transit Stormwater management Economic development Golf course The City also provides the following internal support services: Information systems Warehouse Human resources Fleet management Building and grounds maintenance Accounts payable Payroll Purchasing Property control This report reflects the accountability for all moneys that are required to support the above stated services. The report also includes all funds and accounts groups that are controlled by or are dependent on the City Commission. In addition to these activities, the City oversees the Community Redevelopment Agency. This activity is included in the reporting entity and reflected in this report. ECONOMIC CONDITIONS AND OUTLOOK The City is a regional market situated strategically in the center of America's fastest growing area- Palm Beach County. Businesses locating here find a well-trained work force along with a commercial and governmental environment that encourages economic diversification. The current City Commission views controlled growth and development as the key to the future. Quantum Corporate Park, a 600-acre park offers a mix of sites for office, research and development, light industrial, distribution and commercial uses in a beautiful setting of parks, fitness paths, and 12 interconnected lakes and nature preserves. A new high school for Boynton Beach residents was constructed in Quantum Park and opened August 14, 2001. The City continues working with a developer who is submitting plans for a downtown marina that will include shops, restaurants and rental apartments. Plans have been submitted and part of the project is under construction. 111 Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida MAJOR INITIATIVES For the Year Neighborhoods - Several homeowner associations have participated in a grant program offered by the City. This program allows homeowner associations to apply for reimbursement of fifty percent of the cost of improvements to the entrance to the development. Also, two community gardens were established with citizen volunteers doing a vast majority of the work. Quarterly neighborhood meetings are held with the City's Neighborhood Projects Coordinator and various other City officials. Five-Year CIP Program - The City's CIP Team meets on a monthly basis to update the program and re- evaluate the priority of all projects. Ocean Avenue - The main street through Boynton's downtown received a major overhaul. New drainage, landscaping, brick paving, decorative lighting and improved sidewalks were part of the beautification project. For the Future In June of 2000 the City Commissioners authorized the management to proceed with hiring a company to determine the types of properties within the City. This information would be used in determining fees to be charged for a Special Fire Assessment Program. The funds generated would be used to pay for capital improvements to Fire Service. Specific improvements include one new fire station, one replacement station, one renovation of a station and electronic apparatus that allows the Fire Department to control traffic lights when needed for emergency situations. Final approval for the Special Fire Assessment was granted in October, 2001. iv Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida FINANCIAL INFORMATION Accounting and Administrative Controls City management is responsible for establishing and maintaining internal control designed to ensure that the assets of the City are protected from loss, theft, or misuse. Management also ensures that the proper accounting data is compiled to allow for the preparation of annual financial statements in conformity with generally accepted accounting principles in the United States. Internal controls are established to provide reasonable safeguarding of assets against loss from unauthorized use or disposition. Controls are also established to provide assurance as to the reliability of financial records for preparing financial statements. The independent auditors not only review the internal controls of the Financial Services Department, they review the soundness and adequacy of all the accounting and budgetary aspects of the City's financial system. Financial transactions are examined for accuracy, completeness and authorization. The computer systems and applications are also reviewed to verify the proper controls are in effect. All internal control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of the proper recording of financial transactions. A review of the City's internal controls is completed annually by management. Single Audit As a recipient of federal, state and county financial assistance, the City is also responsible for ensuring that internal controls are in place to ensure compliance with applicable laws and regulations related to those programs. The City is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act as amended in 1996 and U.S. Office of Management and Budget Circular A-133 as well as the Florida Single Audit Act. Budgetary Controls Annual budgets are legally adopted for activities of the General Fund, special revenue funds, enterprise funds, and debt service funds. Capital project funds are appropriated on a project basis. Budgets are controlled at the department level and total expenditures may not legally exceed appropriations for each budgeted department without commission approval. Encumbrance accounting is utilized in governmental funds in order to reserve that portion of the applicable appropriation that was not expended due to unforeseen delays in projects. Encumbrances outstanding at year end are reported as reservations of' fund balance. Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida General Government Functions The following schedules present a summary of the financial activities of the City's operating funds for the fiscal year ended September 30, 2001. The following schedule represents a summary of all general fund, special revenue funds and debt service funds revenues and expenditures actual (budgetary basis) for the fiscal year ended September 30, 2000 and September 30, 2001 and the amount and percentage of increases and decreases in relation to prior year. Sources Taxes Licenses and permits Intergovernmental Interest Charges for services Fines and forfeitures Rents and royalties Miscellaneous Total GOVERNMENTAL FUNDS Sources and Uses of Funds Actual (Budgetary Basis) (000's omitted) Increase Percent 1999/00 2000/01 (Decrease) Change $ 29,213 $ 30,655 $ 1,442 4.9 % 3,437 3,758 321 9.3 5,957 6,312 355 6.0 1,297 2,007 710 54.7 2,573 2,665 92 3.6 117 151 34 29.1 122 151 29 23.8 473 422 (51) (10.8) $ 43,189 $ 46,121 $ 2,932 6.8 % Uses Current: General government Public safety Physical Environment Economic Environment Culture and recreation Debt Total $ 7,497$ 9,419$ 1,922 25.6 % 21,182 22,158 976 4.6 1,201 1,218 17 1.4 99 205 106 107.1 6,556 7,460 904 13.8 3,007 2,415 (592) (19.7) $ 39,542 $ 42,875 $ 3,333 8.4 % vi Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida The City accounts for the following funds using proprietary fund accounting practices: Utilities, Sanitation, Municipal Golf Course, Mass Transit, Fleet Management, Warehouse and Risk Management. The following schedule is a summary for the fiscal years ended September 30, 2000 and September 30, 2001 and the amount and percentage of increases and decreases in relation to prior year. Sources Enterprise Funds: Water and Sewer Boynton Beach Recreational Facilities Sanitation Mass transit Total Enterprise funds Internal Service Funds: Vehicle service Warehouse Self Insurance Total Internal Service funds Total Uses Water and Sewer Boynton Beach Recreational Facilities Sanitation Mass transit Vehicle service Warehouse Self Insurance Total uses PROPRIETARY FUNDS Sources and Uses of Funds (000's omitted) Increase 1999/00 2000/2001 (Decrease) Change 28,242 $ 30,196$ 1,954 6.9 % 2,463 2,529 66 2.7 6,055 6,247 192 3.2 285 182 (103) (36.1) 37,045 39,154 2,109 5.7 5,257 5,089 (168) (3.2) 232 239 7 3.0 1,144 1,206 62 5.4 6,633 6,534 (99) (1.5) $ 43,678 $ 45,688 $ 2,010 4.6 % $ 22,301 $ 24,476 $ 2,175 9.8 % 2,092 2,232 140 6.7 7,182 6,896 (286) (4.0) 216 204 (12) (5.6) 3,359 3,943 584 17.4 210 223 13 6.2 2,012 3,845 1,833 91.1 $ 37,372 $ 41,819 $ .4,447.-.'. 11.9 % vii Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida GENERAL FUND BALANCE The unreserved fund balance represents the uncommitted resources available to meet General Fund operational costs in ensuing fiscal years. The City completed the year with an unreserved fund balance of 20% of the 2001 budgeted expenditures and operating transfers out. The City designated 16% of the unappropriated fund balance to balance the 2001/02 budget. ENTERPRISE OPERATIONS The City's enterprise operations consist of the following activities: Utilities (Water/Sewer/Stormwater) Sanitation Golf Course Mass Transit The gross water/sewer sales increased from $22.4 million to $24.1 million in 2001. Net income for the water/sewer fund for fiscal year 2001 was $11,984,782; for the golf course net income was $296,784. TRUST AND AGENCY FUNDS Pension Trust Funds: The General Employees Pension Plan experienced a net decrease of $6,797,334 in the fund balance. The net decreases in fund balance in the police and f'u'e pension plans were $3,672,524 and $3,630,513 respectively. Trust Funds: The City maintains two expendable trust funds for perpetual care of the City cemetery and account for funds restricted to expenditures for specific purposes. viii Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida ALL FUNDS AND DISCRETELY PRESENTED COMPONENT UNIT (000's omitted) The following table combines the assets and liabilities of all funds of the City as of September 30 of each year: Current and other assets: Cash and investments Receivables Inventories Restricted assets Deferred and prepaid expense Property plant and equipment Debt service reserve Total assets Liabilities and other credits Payable and accrued liabilities Deferred credits and revenues Bonds payable Total liabilities and credits Total net assets 1999/00 2000/01 $ 208,167 $ 211,260 8,780 6,056 628 668 39,093 37,166 711 645 186,615 194,896 22,037 23,751 466,031 474,442 $ 16,044$ 18,013 1,609 1,370 64,629 64,401 82,282 83,784 $ 383,749 $ 390,658 DEBT ADMINISTRATION All required principal and interest payments on outstanding debt were remitted timely and in full. The reserve requirements mandated by the bond covenants remain funded at the prescribed levels. As a result, bond ratings reflect that the City's bonds have the characteristic of strong investment quality as shown below: General Obligation Bonds Public Service Tax Bonds Utility System Bonds Recreational Facilities Bond Standard & Poor's Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida TOTAL DEBT OUTSTANDING Principal and Interest Promissory Note Public Service Tax Bonds Community Redevelopment Agency (Component Unit) Promissory Note Utility System Bonds Recreational Facilities Bonds $5,449,159 15,023,363 4,759,474 77,644,632 1,522,936 CASH MANAGEMENT The City uses a pooled cash concept for ail funds under its control. Currently, the City utilizes the State Board of Administration and the Florida Municipai Investment Trust for its investments of the pooled cash funds. Money managers handle the investments for the three pension funds based on investment guidelines set up by the pension boards and the City Commission. The City currently has a banking contract with Bank of America for its checking and money market accounts. RISK MANAGEMENT The City maintains a risk management program for Workers' Compensation and liability claims. An outside administrator handles workers' compensation and liability claims. The Risk Management Division oversees a safety committee that sets up rules and regulations for City employees. The safety committee reviews any violations of these roles and regulations and their findings are forwarded to the employees' department head who then must determine if any disciplinary action needs to be taken. OTHER INFORMATION Independent Audit--Florida State Statute, Chapter 166 requires an annual financial audit be performed by independent certified public accountants. This year the audit was performed by Ernst &Young LLP. The audit was also designed to meet the federal requirements of the Single Audit Act as amended in 1996 and U.S. Office of Management and Budget Circular A-133. The auditor's report on the generai purpose financial statements and combining and individual fund statements and schedules is included in the financial section of this report. Honorable Mayor, Members of the City Commission and Citizens of the City of Boynton Beach, Florida Other Information (continued) Awards--The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Boynton Beach for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September 30, 2000. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The City has received a Certificate of Achievement since 1979. We believe our current report continues to conform to the Certificate of Achievement program requirements and we are submitting it to GFOA. ACKNOWLEDGEMENTS Preparation of this report represents countless hours of work. Special appreciation is extended to the entire staff of the Financial Services Department who daily maintain the £mancial records upon which this report is based, and diligently worked to ensure this report was completed in a accurate and timely manner. Steve Davis, the City's new Assistant to the Director, was responsible for coordinating workpapers, auditors' inquiries, and setting up the CAFR in Excel spreadsheets. Steve spent many hours of his own time to ensure this report was completed in a timely manner. Special mention should also be given to Mary Munro and Sue Moroney who worked many extra hours in preparing workpapers and analytical statements. This report clearly reports the strong financial posture of the City of Boynton Beach. I wish to take this opportunity to thank you and the citizens of Boynton Beach for the important role you play in enabling the city to achieve this high degree of fiscal responsibility. Respectfully submitted, Diane Reese Director of Finance xi The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Boynton Beach, Florida for its comprehensive annual financial report for the fiscal year ended September 30, 2000. In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe our current report continues to conform to the Certificate of Achievement Program requirements, and we are submitting it to GFOA to determine its eligibility for another certificate. xii Certificate of Achievement for Excellence in Financial Reporting Presented to City of Boynton Beach, Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2000 A Certificat~ of Achievement for Exc~llenc~ in F'mancial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement s~stems whose comprehensive annual financial reports (CAFRa) achieve the highest standards in government accounting and financial reporting. xiii COMPREHENSIVE ANNUAL FINANCIAL REPORT CITY OF BOYNTON BEACH, FLORIDA Fiscal Year Ended September 30, 2001 COMMISSION MANAGER FORM OF GOVERNMENT CITY COMMISSION Gerald Broening, Mayor Ronald Weiland, Vice-Mayor Mack McCray Muir C. Ferguson Charlie Fisher CITY MANAGER Kurt Bressner FINANCIAL SERVICES DEPARTMENT Diane Reese, Director of Financial Services INDEPENDENT AUDITORS Emst& Young LLP xiv iii I.>'1 lc= I~1 IE ~'~ I ~1 /cD_,.- ~ ~;~ I -- I Ir,,.) a..,.- ~ .~2 I /_ ~. LL.· / =/ /.~, Financial Section Auditor's Report General Purpose Financial Statements (Combined Statements) Notes to the Financial Statements E_ I ERNST & YOUNG · Ernst & Young lip Phillips Point, West Tower Suite 1200 777 South Flagler Drive West Palm Beach, Florida 33401 · Phone: (561)655-8500 Fax: (561) 838-4191 www.ey, com Report of Independent Certified Public Accountants The Honorable Mayor and City Commission City of Boynton Beach, Florida We have audited the accompanying general purpose financial statements of the City of Boynton Beach, Florida (the City) as of and for the year ended September 30, 2001, as listed in the table of contents. These general purpose financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We did not audit the financial statements of the Police Pension Fund and Firefighters Pension Fund, two fiduciary funds of the City, whose financial statements reflect total assets of $30,499,000 and $32,802,000, respectively, as of September 30, 2001, and total decreases in net assets of $3,673,000 and $3,631,000, respectively, for the year then ended. Those financial statements were audited by other auditors whose reports have been furnished to us, and our opinion, insofar as it relates to data included for the Police Pension Fund and Firefighter Pension Fund in the fiduciary fund type, is based solely on the reports of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit and the reports of other auditors provide a reasonable basis for our opinion. The Schedule of Pension Funding Progress on page 55 is supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the method of measurement and presentation of the supplementary information. However, we did not audit, and do not express an opinion on such information. 0201-0260879 1 Ernst & Young ~t P is a member of Ernst & Young International, Ltd. In our opinion, based on our audit and the reports of other auditors, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Boynton Beach, Florida as of September 30, 2001 and the results of its operations and the cash flows of its proprietary fund types for the year then ended in conformity with accounting principles generally accepted in the United States. As discussed in Note 14 to the financial statements, in 2001 the City changed its method of accounting for certain capital contributions to comply with GASB Statement No. 33. In accordance with Government Auditing Standards, we have also issued our report dated December 28, 2001 on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance is presented for purposes of additional analysis as required by the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Government, and Non-Profit Organizations, and by Chapter 10.550, Rules of the Auditor General, and are not a required part of the general purpose financial statements. Similarly, the combining, individual fund, individual account group financial statements, and related schedules listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of Boynton Beach, Florida. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole. The statistical section has not been subjected to the procedures applied in the audit of the general purpose financial statements and, accordingly, we express no opinion on it. December 28, 2001 0201-0260879 2 City of Boynton Beach, Florida Combined Balance Sheet - All Fund Types, Account Groups and Discretely Presented Component Unit September 30, 2001 Assets and other debits Cash Equity in pooled cash and investments Investments Interest and dividends receivable Accounts receivable, net Other receivables Due from other funds Due from other governments Note receivable Prepaid expenditures/expenses Inventories Restricted assets Deferred charges Investment in Regional Wastewater Treatment Plant Property, plant and equipment Amount available in debt service funds Amount to be provided for retirement of general long-term debt Total assets and other debits Governmental Fund Types Proprietary Fund Types Special Debt Capital Internal General Revenue Service Projects Enterprise Service 8,352 $ $ $ $ 1,628 $ 30,000 15,942,739 2,284,372 1,741,410 5,132,210 49,318,190 5,175,655 1,000,000 500,000 1,729,466 4,950 920,426 92,550 332,741 491,824 25,758 490,130 685,155 48,456 58,618 1,399 1,071 28,075 108,118 65,261 603,058 37,165,929 447,586 19,600,626 109,173,727 7,973,693 $ 17,663,746 $ 2,378,321 $ 2,074,151 $ 5,133,281 $ 219,022,312 $ 14,911,362 Continued on next page. See accompanying notes 3 Fiduciary Totals Component Totals Fund Account Groups Primary Unit Reporting Type General General Government Community Entity Fixed Long-Term (Memorandum Redevelopment (Memorandum Trust Assets Debt Only) Agency Only) $ 9,614,815 $ - $ $ 9,654,795 $ $ 9,654,795 3,472,173 83,066,749 3,991,977 87,058,726 113,046,245 114,546,245 114,546,245 707,797 707,797 707,797 1,734,416 1,734,416 526,841 2,390,140 2,390,140 490,130 490,130 685,155 685,155 48,456 48,456 197,281 197,281 668,319 668,319 37,165,929 37,165,929 447,586 447,586 58,147,647 19,600,626 19,600,626 175,295,067 175,295,067 2,074,151 2,074,151 2,074,151 18,676,966 18,676,966 3.000,000 21,676,966 $ 127,367,871 $ 58,147,647 $ 20,751,117 $ 467,449,808 $ 6,991.977$ 474,441,785 4 City of Boynton Beach, Florida Combined Balance Sheet - All Fund Types, Account Groups and Discretely Presented Component Unit (continued) September 30, 2001 Liabilities, equity and other credits Liabilities: Accounts payable Accrued payroll and payroll liabilities Refundable deposits Other payables Due to other funds Revenue collected in advance Liabilities payable from restricted assets Provision for insurance losses Compensated absences payable Bonds and notes payable Revenue bonds payable, net of current maturities and unamortized discount Arbitrage rebate payable Landfill postclosure care, less current portion Total liabilities Equity and other credits: Investment in general fixed assets Contributed capital Retained earnings: Reserved for: Revenue bond debt service Renewal and replacement Unreserved Fund balance: Reserved for: Prepaid expenditures Long-term note receivable Encumbrances Debt service Emergency Employees' pension benefits Unreserved: Designated for specific purposes and projects Designated for 2001/02 budget Undesignated Total equity and other credits Total liabilities, equity and other credits Continued on next page. See accompanying notes. Governmental Fund Types Proprietary Fund Types Special Debt Capital Internal General Revenue Service Projects Enterprise Service $ 1,049,194 $ 24,124 $ $ $ 545,902 $ 74,774 423,779 163,388 12,521 517,308 15,884 586,271 233,809 17,295 1,370,347 490,130 4,067,623 3,712,143 1,130,549 105,252 44,547,579 474,154 335,036 3,594,437 40,008 17,295 51,850,502 4,394,820 58,618 1,399 48,456 1,044,728 9,205 4,503,047 1,260,588 1,466,596 1,300,000 861,113 5,853,872 75,039,572 74,498 5,931,339 5,984,277 80,216,622 10,442,044 2,074,151 24,918 5,091,068 14,069,309 2,338,313 2,074,151 5,115,986 167,171,810 10,516,542 $ 17,663,746 $ 2,378,321 $ 2,074,151 $ 5,133,281 $ 219,022,312 $ 14,911,362 Fiduciary Fund Type Trust Account Groups General Fixed Assets General Long-Term Debt Totals Component Totals Primary Unit Reporting Government Community Entity (Memorandum Redevelopment (Memorandum Only) Agency Only) 130,914 $ 2,573 3,898,447 16,852,670 1,824,908 $ 2,274 $ 1,827,182 599,688 599,688 1,122,036 1,122,036 251,104 251,104 490,130 490,130 1,370,347 1,370,347 4,067,623 4,067,623 3,712.143 3,712,143 5,134,248 5,134,248 16,852,670 3,000,000 19,852,670 44,547,579 44,547,579 474,154 474,154 335,036 335,036 133,487 20,751,117 80,781,666 3,002,274 83,783,940 58,147,647 58,147,547 58,147,647 75,114,070 75,114,070 5,931,339 5,931,339 5,984,277 5,964,277 90,658,666 90,658,666 122,493,937 60,017 60,017 48,456 48,456 1,078,851 1,078,851 2,074,151 2,074,151 4,503,047 4,503,047 122,493,937 122,493,937 878,103 8,696,355 3,989,703 12,686,058 2,161,113 2,161,113 3,862,344 9,716,216 9,716,216 127,234,384 58,147,647 386,668,142 3,989,703 390,657,845 $ 127,367,871 $ 58,147,647 $ 20,751.117 $ 467,449,808 $ 6,991,977 $ 474,441.785 City of Boynton Beach, Florida Combined Statement of Revenues, Expenditures and Changes in Fund Balance -All Governmental Fund Types, Expendable Trust Funds and Discretely Presented Component Unit Year ended September 30, 2001 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeitures Interest Miscellaneous Grants Total revenues Expenditures: Current: General government Public safety Public works Economic environment Culture and recreation Special projects Grants Capital outlay Debt service: Principal retirement Interest and fiscal charges Total expenditures Revenue (under) over expenditures Other financing sources (uses): Operating transfers in Operating transfers in - primary government Operating transfers out Operating transfers out - primary government Operating transfers in - component unit Operating transfers out - component unit Proceeds from promissory note Revenues and other financing sources over (under) expenditures and other financing uses Fund balances, October 1, 2000 Fund balances, September 30, 2001 Continued on next page. See accompanying notes. Governmental Fund Types Special Debt Capital General Revenue Service ProJects $ 25,023,204 $ 1,118,914 $ 4,513,434 $ 3,758,160 6,312,656 2,103,282 561,237 151,047 1,842,954 77,629 339,048 616,334 2,782,400 107,201 231,551 42,312,751 2,374,114 4,620,635 231,551 8,012,830 7,516 2,630,525 21,466,771 17,295 1,160,353 91,774 134,010 6,498,987 5,084 57,633 852,272 1,931,055 2,447,754 111,372 1,598,764 816,595 41,709,393 963,644 2,422,875 2,744,678 603,358 1,410,470 2,197,760 (2,513,127) 4,848,179 277,919 (2,087,971) (859,641) 109,892 (192,529) (1,600,000) 1,600,000 2,567,679 ~71,830) (1,600,000) 1,600,000 3,171,037 938,640 597,760 (913,127) 10,898,272 1,399,673 1,476,391 6,029,113 $ 14,069,309 $ 2,338,313 $ 2,074,151 $ 5,115,986 Totals Component Totals Fiduciary Fund Primary Unit Reporting Type Govemment Community Entity Expendable (Memorandum Redevelopment (Memorandum Trust Only) Agency Only) 211,321 170,359 238,198 419,681 - $ 30,655,552 $ 113,310 $ 30,768,862 3,758,160 3,758,160 6,312,656 6,312,656 2,875,840 2,875,840 321,406 321,406 2,497,533 58,062 2,555,595 1,375,063 1,375,063 2,782,400 2,782,400 1,039,559 50,578,610 171,372 50,749,982 259,764 177,152 23,708 191,076 10,910,635 45,266 10,955,901 21,661,218 21,661,218 1,275,835 1,275,835 325,086 325,086 6,504,071 6,504,071 909,905 909,905 1,931,055 1,931,055 2,559,126 19,133 2,578,259 1,598,764 1,598,764 816,595 816,595 651,700 48,492,290 64,399 48,556,689 387,859 2,086,320 106,973 2,193,293 (83,760) 6,726,098 (4,631,372) 109,892 (192,529) 192,529 (109,892) 6,726,098 192,529 (4,631,372) (109,892) 109,892 (192,529) 2,994,000 2,994,000 (83,760) 2,012,089 3,076,637 5,088,726 304,099 4,098,409 3,183,610 7,282,019 4,436,348 24,239,797 806,093 25,045,890 $ 4,740,447 $ 28,338,206 $ 3,989,703 $ 32,327,909 City of Boynton Beach, Florida Combined Statement of Revenues, Expenditures and Changes in Fund Balance--Budget and Actual (Budgetary Basis)-- General, Special Revenue and Debt Service Funds for Which Annual Budgets Have Been Legally Adopted Year ended September 30, 2001 Revenues: Taxes Licenses and permits Intergovernmental Charges for services Fines and forfeitures Interest Rents and royalties Miscellaneous Total revenues Expenditures: General govemment Public safety Public works Economic environment Culture and recreation Debt service: Principal retirement Interest and fiscal charges Total expenditures Revenue (under) over expenditures Other financing sources (uses): Operating transfers in Operating transfers in - Component Unit Operating transfers out Operating transfers out - Component Unit Revenue and other financing sources (under) over expenditures and other financing uses--budgetary basis General Bud~let Actual 25,010,685 3,017 651 6,077 800 2,011 381 162 672 800 000 86 750 64,700 Variance Favorable (Unfavorable) $ 25,023,204 $ 12,519 3,758,160 740,509 6,312,656 234,856 2,103,282 91,901 151,047 (11,625) 1,842,954 1,042,954 150,553 63,803 188,495 123,795 37,231,639 39,530,351 2,298,712 9,465,261 8,973,320 491,941 23,281,623 22,157,792 1,123,831 1,348,747 1,181,010 167,737 261,944 204,726 57,218 7,163,894 7,003,614 160,280 41,521,469 39,520,462 2,001,007 (4,289,830) 9,889 4,299,719 4,754,650 4,760,657 6,007 (1,464,820) (1,129,471) 335,349 (192,529) (192,529) 3,289,830 3,438,657 148,827 $ (1,000,000) 3,448,546 $ 4,448,546 Fund balance, October 1,2000 Net differences between generally accepted accounting principles and budgetary basis Fund balance, September 30, 2001 10,898,272 (277,509) $ 14,069,309 Continued on nextpage. See accompanying notes. Budgeted Special Revenue Debt Service Variance Variance Favorable Favorable Bud~let Actual (Unfavorable} Budget Actual (Unfavorable} $ 1,025,000 $ 1,118,914 $ 93,914 $ 4,340,661 $ 4,513,434 $ 172,773 544,125 561,237 17,112 22,000 56,496 34,496 145,000 233,305 88,305 159,985 107.201 (52,784) 1,736,125 1,969,952 233,827 4,500,646 4,620,635 119,989 580,352 438,108 142,244 280,300 37,434 242,866 482,323 456.490 25,833 11,655 7,516 4,139 2,015,000 1,598,764 416,236 973,991 816,595 157,396 1,342,975 932,032 410,943 3,000,646 2,422,875 577,771 393,150 1,037.920 644,770 1,500,000 2,197,760 697,760 445,743 277,919 (167,824) (1,500,000) (1,600,000) 109,892 109,892 (888,893) (859,641) 29,252 (100,000) (443,150) $ (50,000) (471,830) 566,090 $ 1.399,673 372,550 $ 2,338,313 (28,680) (1,500,000) (1,600,000) 616,090 $ 597,760 $ 1,476,391 $ 2,074,151 (100,000) 597,760 10 City of Boynton Beach, Florida Combined Statement of Revenues, Expenditures and Changes in Fund Balance--Budget and Actual (Budgetary Basis)-- General, Special Revenue and Debt Service Funds for Which Annual Budgets Have Been Legally Adopted (continued) Year ended September 30, 2001 Totals (Memorandum Only) VaHance Favorable Revenues: Bud~let Actual (Unfavorable) Taxes $ 30,376,346 $ 30,655,552 $ 279,206 Licenses and permits 3,017,651 3,758,160 740,509 Intergovernmental 6,077,800 6,312,656 234,856 Charges for services 2,555,506 2,664,519 109,013 Fines and forfeitures 162,672 151,047 (11,625) Interest 981,985 2,006,651 1,024,666 Rents and royalties 86,750 150,553 63,803 Miscellaneous 209,700 421,800 212,100 Total revenues 43,468,410 46,120,938 2,652,528 Expenditures: General government Public safety Public works Economic environment Culture and recreation Debt service: Principal retirement Interest and fiscal charges Total expenditures Revenue (under) over expenditures Other financing sources (uses): Operating transfers in Operating transfers in, Component Unit Operating transfers out Operating transfers out - Component Unit Revenue and other financing sources (under) over expenditures and other financing usesBbudgetary basis 9,959,239 9,418,944 540,295 23,281,623 22,157,792 1,123,831 1,629,047 1,218,444 410,603 261,944 204,726 57,218 7,646,217 7,460,104 186,113 2,015,000 1,598,764 416,236 973,991 816,595 157,396 45,767,061 42,875,369 2,891,692 (2,298,651) 3,245,569 5,544,220 3,700,393 3,438,576 (261,817) 109,892 109,892 (2,353,713) (1,989,112) 364,601 (192,529) (192,529) 1,346,680 1,366,827 20,147 $ (951,971~) 4,612,396 $ 5,564,367 Fund balance, October 1, 2000 Net differences between generally accepted accounting principles and budgetary basis Fund balance, September 30, 2001 13,774,336 95,041 $ 18,481,773 See accompanying notes. 11 City of Boynton Beach, Florida Combined Statement of Revenue, Expenses and Changes in Retained EarningsmProprietary Fund Types Year ended September 30, 2001 Operating revenue: Charges for services Operating expenses: Operating Depreciation and amortization Operating income (loss) Nonopemting revenue (expenses): Interest income Miscellaneous income Equity in joint venture Interest expense Fiscal agent's fees Income (loss) before contributions and operating transfers Capital contributions Operating transfers in (out): - Operating transfers in Operating transfers out Net income (loss) Depreciation on fixed assets acquired by contributed capital Retained earnings, October 1, 2000 Retained earnings, September 30, 2001 Proprietar7 Fund Types Totals Internal (Memorandum Enterprise Service Only) $ 32,548,136 $ 3,173,105 $ 35,721,241 19,833,582 6,028,507 25,862,089 5,616,175 1,957,762 7,573,937 25,449,757 7,986,269 33.436,026 7,098,379 (4,813,164) 2,285,215 4,995,759 521,911 5,517,670 374,466 198,579 573,045 297,266 297,266 (2,705,353) (2,705,353) (5,502) (5,502) 2,956,636 720,490 3,677,126 10,055,015 (4,092,674) 5,962,341 6,265,249 6,265,249 937,644 2,641,027 3,578,671 (5,648,005) (25,392) (5,673,397) (4,710,361 ) 2,615.635 (2,094,726) 11,609.903 (1.477,039) 10,132,864 1,413,984 1,413,984 79,108,351 11.919,083 91,027,434 $ 92,132,238 $ 10,442,044 $ 102,574,282 See accompanying notes 12 City of Boynton Beach, Florida Combined Statement of Cash Flows-- Proprietary Fund Types Year ended September 30, 200'1 Operating activities Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization Miscellaneous income Loss on disposal of property, plant and equipment Changes in operating assets and liabilities: Accounts receivable, net Other receivables Due from other funds Prepaid expenses Inventories Restricted assets Accounts payable Accrued payroll Refundable deposits Landfill postclosure care Contracts payable Due to other funds Customer deposits Provision for insurance losses Compensated absences payable Net cash pr(wided by (used in) operating activities Noncapital financing activities Operating transfers in Operating transfers out Net cash (used in) provided by noncapital financing activities Totals Internal (Memorandum Enterprise Service Only) $ 7.098.379 $ (4.813.164) $ 2.285.215 5.616.175 1,957.762 7.573.937 374,466 198,579 573.045 99.115 41.132 140.247 698.154 (2.950) 695.204 1.019.350 (3.04~ 1.016.303 (53.550) (53.550) (13.870) 131.122 117.252 (18.300) (22.125) (40.425) (101.359) (101.359) (3,352) (201.291) (204,643) 6.903 1.414 8.317 104.703 104.703 (35.579) (35.579) (774,733) (774.733) 53.550 53.550 38.612 38,612 799.265 799.265 58.961 17.836 76.797 14.167.625 (1.895.467) 12.272,158 937.644 2.641.027 3,578.671 (5,648.005) (25,392) (5.673.397) (4.710.361) 2.615,635 (2.094.726) Continued on nextpage 13 City of Boynton Beach, Florida Combined Statement of Cash Flows-- Proprietary Fund Types (continued) Year ended September 30, 2001 Capital and related financing activities Investment in Regional Wastewater Treatment Plant Acquisition of property, plant and equipment Bond issuance costs Principal payments on long-term debt Interest payments on long-term debt Payments for fiscal agent's fees Rebatable arbitage payable Contributions in aid of construction Net cash used in capital and related financing activities Investing activity Interest received on cash and short-term investments Net cash provided by investing activity Increase (decrease) in cash and cash equivalents Cash, cash equivalents, and equity in pooled cash and investments balances, October 1,2000 Cash, cash equivalents, and equity in pooled cash and investments balances, September 30. 2001 Classified as Unrestricted assets Restricted assets Totals Internal (Memorandum Enterprise Service Only) $ (250,517) $ $ (250,517) (9,225,743) (3,051,536) (12,277,279) (52,823) (52,823) (420,000) (420,000) (2,715,855) (2,715,855) (5,502) (5,502) 474,158 474,158 6,265,249 6,265,249 (5,931,033) (3,051,536) (8,982,569) 4,995,759 521,911 5,517,670 4,995,759 521,911 5,517,670 8,521.990 (1,809,457) 6,712,533 77,493,576 7,015,112 84,508,688 $ 86,015,566 $ 5,205,655 $ 91,221,221 $ 49,319,818 $ 5,205,655 $ 54,525,473 36,695,748 36,695.748 $ 86,015,566 $ 5,205,655 $ 91,221,221 See accompanying notes 14 City of Boynton Beach, Florida Combined Statement of Plan Net Assets--Pension Trust Funds September 30, 2001 Assets Cash and cash equivalents Investments Interest and dividend receivable Other receivables Total assets Liabilities Liabilities: Accounts payable Net assets held in trust for pension benefits $ 9,300,619 112,107,917 682,206 513,352 122,604,094 110,157 $ 122,493,937 See accompanying notes. 15 City of Boynton Beach, Florida Combined Statement of Changes in Plan Net Assets-- Pension Trust Funds Year ended September 30, 2001 Additions Contributions: Employer Plan members State Total contributions Investment income (loss): Net depreciation in fair value of investments Interest Dividends Miscellaneous Less investment expenses: Custodian fees Net investment loss Total additions (deductions) Deductions Benefits Refunds of contributions Other operating expenses Total deductions Net decrease Plan net assets held in trust for pension benefits Beginning of year - as restated End of year $ 1,079,364 2,227,645 846,301 4,153,310 (16,373,523) 3,498,808 914,408 8,685 (11,951,622) 541,980 (12,493,602) (8,340,292) 5,101,677 463,471 194,931 5,760,079 (14,100,371) 136,594,308 $ 122,493~937 See accompanying notes. 16 City of Boynton Beach, Florida Notes to Financial Statements September 30, 2001 1. Significant Accounting Policies Reporting Entity The City of Boynton Beach (the City), established under Chapter 165, Florida Statutes in 1920, is a political subdivision of the State of Florida and provides a full range of municipal services including public safety, planning and zoning, sanitation, highways and streets, recreation and park facilities, public improvements, water and sewer service, and general administration functions. Under governmental accounting and financial reporting standards, the City's reporting entity consists of the primary government, organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the City's financial statements to be misleading or incomplete. The primary government is considered financially accountable if it appoints a voting majority of an organization's governing body and imposes its will on that organization. The primary government may also be financially accountable if an organization is fiscally dependent on the primary government regardless of the authority of the organization's governing board. Legally separate organizations outside of the primary government which meet the criteria for financial accountability are considered component units of the reporting entity. Discretely Presented Component Unit. The Community Redevelopment Agency (CRA) was established under the authority of Florida Statute Chapter 163, Part III in 1983 to finance and develop certain targeted areas in the city. Because the Mayor and City Commissioners appoint the governing board of this entity and approve its budget the City is considered financially accountable for the CRA. The CRA has a September 30 year-end and is presented as a governmental fund type. No separate financial statements are prepared. In previous years, the CRA was reported as a blended component unit in the special revenue funds due to the fact that the composition of its governing board was the same as that oft_he City Commission. However, as of October 1, 2000 the governing board of the CRA was changed to a separate slate of members appointed by the City Commission. Accordingly, the CRA now meets the criteria for discrete presentation. This change was accounted for prospectively, as it did not result in a change to the overall reporting entity. The South Central Regional Wastewater Treatment and Disposal Board (the Board) is a dependent special district created by the Cities of Boynton Beach and Delray Beach to operate a regional wastewater treatment facility. The Board's governing body is comprised of the City Commissions of Boynton Beach and Delray Beach, and control and oversight are exercised equally by both cities. The Board has been reported as a joint venture using the equity method of accounting as discussed in Note 7. 17 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Basis of Presentation The City maintains its accounting records in accordance with the principles and policies applicable to governmental units set forth by the Governmental Accounting Standards Board (GASB) as well as generally accepted accounting principles (GAAP) promulgated by the American Institute of Certified Public Accountants and the Financial Accounting Standards Board (FASB). The proprietary funds do not apply FASB statements and interpretations issued after November 30, 1989. The financial activities of the City are recorded in separate fund types, funds and account groups, categorized and described as follows: Governmental Funds General Fund--This fund is used to account for all financial transactions not accounted for in another fund. Revenue is derived primarily from property taxes, state and federal distributions, grants and other intergovernmental revenue. Special Revenue Funds--these funds are used to account for specific governmental revenue (other than major capital projects) requiring separate accounting because of legal or regulatory provisions or administrative action. Debt Service Funds--These funds are used to record the funding and payment of principal and interest on debt reported in the General Long-Term Debt Account Group. Capital Project Fund--This fund is used to account for the acquisition or construction of major capital facilities other than those financed by proprietary fund operations. Proprietary Funds Enterprise Funds--These funds are used to account for operations that provide a service to citizens, financed primarily by a user charge and where the periodic measurement of net income is deemed appropriate for capital maintenance, public policy, management control, accountability or other purposes. City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Internal Service FundsmThese funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the City, or to other governmental units on a cost-reimbursement basis. The Vehicle Service Fund accounts for the acquisition, operation and maintenance of the City's fleet of vehicles and heavy equipment. The Self Insurance Fund accounts for the cost of workers' compensation and other insurance for the City's employees. The Warehouse Fund accounts for the inventory and disbursement of supplies. Fiduciary Funds These funds, used to account for assets held in trust for others, include the pension trust funds and expendable trust funds. Account Groups General Fixed Assets Account Group---This account group presents the fixed assets of the City utilized in its general operations (nonproprietary fixed assets). General Long-Term Debt Account Group--This account group is used to account for the outstanding principal balances of general obligation bonds and limited obligation bonds, and other long-term liabilities not accounted for in proprietary funds. Basis of Accounting Basis of accounting refers to when revenue and expenditures or expenses are recognized in the accounts and relates to the timing of the measurements made, regardless of the measurement focus applied. All governmental funds, expendable trust funds and the CRA component unit are accounted for using the modified-accrual basis of accounting. Their revenues are recognized in the period in which they become susceptible to accrual (i.e., when they become measurable and available to pay liabilities of the current period). Ad valorem taxes and charges for services are susceptible to accrual when collected in the cun'ent year or within 60 days subsequent to year end, provided that amounts received pertain to billings through the fiscal year just ended. Intergovernmental revenue, electric franchise fees and utility service taxes are recorded in accordance with their legal or contractual requirements if collected in the current period or within 30 days after year end. Interest is recorded when eamed. Licenses and permits, fines 19 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) and forfeitures, and miscellaneous revenue are recorded as revenue when received in cash because they are generally not measurable until actually received. Occupational license revenue collected in advance of periods to which they relate is recorded as deferred revenue. Expenditures are generally recognized under the modified-accrual basis of accounting when the related fund liability is incurred except for principal and interest on general long-term debt which are recognized when due. The accrual basis of accounting is used by proprietary funds and pension trust funds. Revenue is recognized as earned and expenses are recorded as incurred. Measurement Focus The accounting and reporting treatment applied to a fund is determined by its measurement focus. All governmental funds, expendable trust funds and the CRA component unit are accounted for using a current financial resources measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Governmental fund operating statements present increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. All proprietary funds and pension trust funds are accounted for on a flow of economic resources measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with this activity are included on their balance sheets. Their reported fund equity (total net assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenue) and decreases (expenses) in total net assets. Budgets and the Budgeting Process The City follows these procedures in establishing the budgetary data reflected in the financial statements: Prior to July 15, the City Manager submits to the City Commission a tentative budget for approval. The budget, which is prepared by fund, function and activity, is made available to the public at this time. 2O City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) 2. Informal budget workshops are held by the City Commission to review the proposed budget and to obtain public comment. The City advises the Palm Beach County Property Appraiser of the proposed millage rate, the rolled-back millage rate, and the day, time and place of the public hearing for budget acceptance. 4. The public hearing is held to obtain final taxpayer input and to adopt the final budget. 5. The budget and related millage rates are legally enacted through passage of an ordinance. 6. For budgetary purposes, current year encumbrances are treated as expenditures and any unencumbered budgetary appropriations lapse at fiscal year end. Changes or amendments to the total budgeted expenditures of the City or a department must be approved by the City Commission. There were no amendments to total budgeted expenditures. However, changes within a department which do not affect the total expenditures may be approved at the administrative level. Legal level of control for appropriations is exercised at the department (by fund) level. The reported budgetary data represents the final appropriated budget adopted by the City Commission. Appropriated budgets have been legally adopted for the General Fund, Local Option Gas Tax Fund, Community Improvements Fund, Recreation Program Fund (special revenue funds), 1992 General Obligation Refunding Debt Service Fund and 1993 Public Service Tax Debt Service Fund (debt service funds) on the same modified-accrual basis used to reflect actual revenue and expenditures, except that for budgetary purposes, cun'ent year encumbrances are treated as expenditures. The final budgets for these funds are as presented herein. A nonappropriated budget is prepared for the Water and Sewer Fund, Boynton Beach Recreational Facilities Fund, Sanitation Fund, Mass Transit Fund, Vehicle Service Fund, Warehouse Fund and Self Insurance Fund. The operations of the Reserve for Parks and Recreation Facilities Fund (a special revenue fund), the Recreational and Municipal Beach Improvement Fund and all fiduciary fund types are nonbudgeted financial activities. City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) 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 as part of the budget accounting system in the general, special revenue and capital projects funds. The City records encumbrances as an appropriation of fund balance until expended or accrued as a liability of the fund. Equity in Pooled Cash and Investments Equity in pooled cash and investments consists of cash and investments in U.S. Government securities held under repurchase agreements, Florida Municipal Investment Trust administered by the Florida League of Cities, and the Local Government Surplus Funds Trust Fund account administered by the State Board of Administration (SBA). Cash balances and requirements of all funds are considered in determining the amount to be invested. Interest earned on pooled cash and investments is allocated to funds based on their average daily cash balances. As of September 30, 2001, the City maintained a $688,360 compensating balance under the banking services agreement for the pooled cash and investments account. The Florida Municipal Investment Trust (FMIT) and the SBA Trust Fund referred to in the preceding paragraph are external investment pools as defined in the GASB Statement No. 31, and the City's investments in these funds are considered cash equivalents due to their highly liquid nature. Investments in the SBA Trust Fund, a 2a7-1ike pool, are carded at amortized cost, which approximates fair value. A 2a7-1ike pool is not registered with the SEC as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Conversely, FMIT is not considered to be a 2a7-1ike pool, and investments in this pool are carried at fair value. For both external investment pools, the value of the City's position is the same as the value of the pool shares. For purposes of the statement of cash flows, the City considers all highly liquid investments (including restricted assets) with an original maturity of three months or less to be cash equivalents. 22 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Investments For all funds except the pension trust funds, investments consist of U.S. Government securities and time deposits. Investments of the pension trust funds consist of money market funds, mutual funds, U.S. Government securities, corporate bonds, and common and preferred stocks. City and Pension Trust Fund accounting policies do not allow investments in derivatives. Ail investments are reported at fair value based on quoted market prices. Purchases and sales of investments are recorded on the trade dates. Net realized gains and losses on sales of investments are reflected in current operating results as investment earnings. The calculation of realized gains and losses is separate from the calculation of the net change in the fair value of investments. Realized gains and losses on investments held at the end of the prior year and sold during the current year includes the change in fair value from the beginning of the year to the date sold. Prepaid Expenditures/Expenses Expenditures/expenses for insurance premiums and other administrative expenses extending over more than one accounting period are accounted for as prepaid expenditures/expenses and allocated between accounting periods. Inventories Inventories are valued at average cost which approximates market. Property, Plant and Equipment Assets acquired or constructed for general governmental services are recorded as expenditures in the fund making the expenditure and capitalized at cost or, if donated, fair market value at the date of donation, in the General Fixed Assets Account Group. Infrastructure assets considered part of the public domain such as streets and sidewalks have also been capitalized at cost in the General Fixed Assets Account Group. No depreciation is taken on general fixed assets. The assets of the proprietary funds are stated at cost or, if donated, fair market value at the date of donation. Expenditures which materially extend the useful life of existing properties are capitalized. All costs relating to the construction of facilities are capitalized including salaries, employee benefits, bond costs and interest costs. 23 City of Boynton Beach, Florida Notes to Financial statements (continued) 1. Significant Accounting Policies (continued) Depreciation on plant and equipment is computed using the straight-line method over the estimated useful lives of the related assets which are: Equipment Buildings and other improvements Water/sewer system 5 - 12 years 10 - 40 years 15 - 50 years Depreciation charges related to contributed capital are added back to retained earnings and reduce contributed capital. Retained Earnings Reserves Retained earnings of the enterprise funds are reserved for the following: Revenue Bond Debt Service--Retained earnings of the Water and Sewer Fund and Boynton Beach Recreational Facilities Fund reserved for revenue bond debt service represent the excess of restricted assets required for debt service under bond covenants over the related liabilities payable from restricted assets. Renewal and Replacement--Retained earnings of the Water and Sewer Fund and Boynton Beach RecreatiOnal Facilities Fund reserved for renewal and replacement represent the excess of restricted assets required for renewal and replacement over the related liabilities payable from restricted assets. Fund Balance Reserves Fund balance reserves signify that a portion of the fund balance is not to be considered as available for subsequent expenditure other than for the specific purpose for which the reserve was established. The following is a list of the reserves used by the City and a description of each: Reserved for Prepaid Expenditures--An account used to segregate a portion of fund balance to indicate that prepaid items do not represent available, expendable resources even though they are a component of assets. 24 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Reserved for Long-Term Note Receivable--An account used to segregate a portion of fund balance to indicate that the note receivable does not represent available, expendable resources even though it is a component of assets. Reserved for Encumbrances--An account used to segregate a portion of fund balance for expenditure upon vendor performance on uncompleted purchase orders, contracts and other commitments. Reserved for Debt Service --An account used to segregate the portion of fund balance that is legally restricted to the payment of debt service on the City's outstanding general obligation and revenue bonds. Reserved for Emergency--An account used to segregate the portion of fund balance that is restricted for City emergency. Reserved for Employees'Pension Benefits--An account used to indicate that the fund balance of the City's pension trust funds is legally restricted to the payment of pension benefits for City employees. These reserves signify that a portion of the fund balance of these funds is not to be considered as available for subsequent expenditure other than for the specific purpose for which the reserve was established. Designated Fund Balance Fund balance designations indicate tentative managerial plans or intent to use financial resources in a future period. Undesignated Fund Balance Undesignated fund balance indicates that portion of fund balance which is available for future use. 25 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Revenue Recognition Ad Valorem Taxes--Ad valorem taxes are assessed as of January 1 and levied the following October. They are due March 31 and become delinquent on April 1. Delinquent tax certificates are sold on June 1 and become a lien on the property. These taxes are collected by Palm Beach County and remitted to the City. Revenue is recognized at the time monies are received from Palm Beach County. At September 30, unpaid delinquent taxes are recorded as a receivable and offset by an allowance for estimated uncollectibility. Other material revenue which is susceptible to accrual includes utilities taxes, franchise taxes, interest income, state revenue sharing and garbage/trash collection income. Revenue which is not both available and measurable and is thus not susceptible to accrual includes fines and forfeitures and occupational licenses. Grants Reimbursement-type grants are recorded as intergovernmental receivables and revenue when the related eligible expenditures/expenses are incurred. Amortization For proprietary fund types, bond discounts are amortized using the interest method. Deferred issuance costs are amortized using the straight-line method over the lives of the respective issues, which approximates the interest method. Interfund Transactions Following is a description of interfund transactions made during the year and the related accounting policy: Operating Transfers--Transfers which, because of budgetary or legal restrictions, must be expended by funds other than the fund initially receiving the revenue. These transfers are recorded as operating transfers in (out) under the other financing sources (uses) category. City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Quasi-External Transactions--These transactions are revenue to the recipient fund and expenditures or expenses to the disbursing fund. These are transactions which would otherwise be recorded as revenue or expenditures if they were conducted with organizations external to the City. Reimbursements--These are transactions for services rendered or facilities provided. These transactions are recorded as revenue in the receiving fund and expenditures or expenses in the disbursing fund. Compensated Absences Employees earn 6 days of vacation leave during their first year of employment and, based on a sliding scale, up to 20 vacation days annually after 20 years of service. Employees may accumulate earned vacation leave up to a maximum of two years. Vacation leave accrued in excess of this limitation is lost if not taken. Employees earn one day of sick leave per month and may accumulate all earned sick leave without limit. Upon retirement, death or termination, employees are compensated for all accrued vacation leave at their current rate of pay and one-half of accumulated sick leave for full-time employees hired prior to October 1, 1991 and up to 30% of accumulated sick leave for employees hired October 1, 1991 and thereafter, based on a sliding scale of years of service. Except for liabilities incurred by retirement, death or termination, compensated absence benefits are paid only when taken. In the governmental funds, the amount of compensated absences recorded as expenditures is the amount accrued during the year that is expected to be liquidated with expendable, available financial resources. The remaining liability is recorded in the General Long-Term Debt Account Group. Compensated absences for the proprietary funds are accrued in the period earned. Compensated absences recorded in both the General Long-Term Debt Account Group and the City's proprietary funds include additional amounts for salary-related payments associated with the payment of compensated absences. 27 City of Boynton Beach, Florida Notes to Financial Statements (continued) 1. Significant Accounting Policies (continued) Concentration of Credit Risk The City performs ongoing credit evaluations of its customers and does not require collateral. The City maintains an allowance for doubtful accounts at a level which management believes is sufficient to cover potential credit losses. The City invests its excess cash in repurchase agreements, the Local Government Surplus Funds Trust Fund administered by the SBA, U.S. Government securities and time deposits of major banks. The City has not experienced any losses on these investments. Memorandum Only Columns The columns entitled Total (Memorandum Only) are shown for information purposes only. These total columns do not represent consolidated financial information. 2. Budget and Actual Comparisons GAAP requires that the statement of revenue and expenditures--budget and actual be prepared under the basis of accounting used in preparing the budget. As indicated in Note 1, current year encumbrances are treated as expenditures for budgetary purposes. As a result, the General Fund revenue, expenditures and operating transfers reported in the budget and actual statement differ from the amounts reported on the GAAP basis. None of the other budgeted funds have any differences between the GAAP basis and the budgetary basis. Differences in the Special Revenue Fund are solely attributable to unbudgeted funds. The budgetary and GAAP basis differences can be reconciled as follows: Revenue---GAAP basis Deduct unbudgeted revenue Revenue--budgetary basis Special General Revenue Fund Fund $ 42,312,751 $2,374,114 (2,782,400) (404,162) $ 39,530,351 $1,969,952 28 City of Boynton Beach, Florida Notes to Financial Statements (continued) 2. Budget and Actual Comparisons (continued) Special General Revenue Fund Fund Expenditures GAAP basis Reserved/designated expenditures Current year encumbrances outstanding at year end Deduct unbudgeted expenditures Expenditures--budgetary basis $ 41,709,393 $ 963,644 (623,649) 365,773 (1,931,055) (31,612) $ 39,520,462 $ 932,032 Other financing sources (uses) GAAP basis Deduct unbudgeted transfers in Add unbudgeted transfers out Other financing sources (uses)~budgetary basis $ 2,567,679 $ (471,830) (87,522) 958,500 $ 3,438,657 $ (471,830) Net differences between GAAP and budgetary basis: Revenue and operating transfers in Expenditures and operating transfers out Net differences $ 2,869,922 $ 404,162 (3,147,431) (31,612) $ (277,509) $ 372,550 3. Equity in Pooled Cash and Investments, and Cash and Investments Equity in Pooled Cash and Investments The City maintains a cash and investment pool that is available for use by all funds and the component unit. Each fund type's portion of this pool is displayed on the combined balance sheet as "Equity in pooled cash and investments." In addition, bank deposits and investments are separately held by several of the City's funds. The deposits and investments of the pension trust funds are held separately from those of other City funds. The components of pooled cash and investments are identified and categorized in the following table to give an indication of the level of risk assumed by the City at year end. The fair value of the position in the collateral pool approximates the value of pool shares. 29 City of Boynton Beach, Florida Notes to Financial Statements (continued) 3. Equity in Pooled Cash and Investments, and Cash and Investments (continued) Cash Cash balances, reported in unrestricted cash, pooled cash and investments, restricted cash, and investments, totaling $5,644,176, are comprised of cash on hand, amounts on deposit in checking and savings accounts, and non-negotiable bank certificates of deposit. All cash deposits are held in banking institutions that are approved, as qualified depositories, to hold public funds by the State Treasurer of the State of Florida. Deposits were entirely covered by federal depository insurance or by collateral pledged with the State Treasurer pursuant to Chapter 280, Florida Statutes. Qualified public depositories are required to pledge collateral to the State Treasurer of Florida with a market value equal to 50% of the average daily balance of all government deposits in excess of any federal deposit insurance. In the event of a default by a qualified public depository, all claims for government deposits would be satisfied by the State Treasurer of Florida from the proceeds of federal deposit insurance, pledged collateral of the public depository in default and, if necessary, a pro rata assessment to the other qualified public depositories participating in the collateral pool. Investments Florida Statutes authorize the City and its pension mast funds to invest in the Florida Municipal Investment Trust administered by the Florida League of Cities and the Local Government Surplus Funds Trust Fund administered by the SBA; negotiable direct obligations of or obligations unconditionally guaranteed by the U.S. Government; interest-bearing time deposits or savings accounts in financial institutions located in Florida and organized under federal or Florida laws; obligations of the federal farm credit banks, the Federal Home Loan Mortgage Corporation, the Federal Home Loan Bank or its district banks; or obligations guaranteed by the Government National Mortgage Association, obligations of the Federal National Mortgage Association and any additional investments specifically authorized by City Ordinance. Pension trust funds may also be invested in tax sale certificates of the State of Florida or any of its political subdivisions, preferred and common stocks of certain U.S. corporations, mutual funds and debt securities of certain U.S. corporations. 30 City of Boynton Beach, Florida Notes to Financial Statements (continued) 3. Equity in Pooled Cash and Investments, and Cash and Investments (continued) The City's investments, including the balance reported for the CRA component unit, are categorized below to give an indication of the level of risk assumed by the City at year end. Category 1 includes investments that are insured or registered, or for which the securities are held by the City or its agent in the City's name. Category 2 includes uninsured and unregistered investments for which the securities are held by the counterparty's trust department or agent in the City's name. Category 3 includes uninsured and unregistered investments for which the securities are held by third parties, or by a trust department or agent but not in the City's name. Carrying Category Amount 1 2 3 (Fair Value) Repurchase agreements U.S. Govemment securities Corporate bonds Common stocks 4,000,000 $ - $ - $ 4,000,000 1,500,000 27,714,761 29,214,761 18,342,995 18,342,995 66~050~161 66~050z161 5z500~000 $ - $ 1127107~917 117,607,917 Investments not subject to categorization: Money market mutual funds Investment in SBA pool Investment in FMIT pool 8,549,659 77,224,009 38,929,753 $ 242~311~338 The pooled equity funds consist of marketable equity securities of domestic companies. The pooled income funds consist of U.S. Government obligations, Federal Agency bonds and corporate bonds of domestic companies. The method used to determine the participants' shares sold and redeemed is the amortized cost method. The amortized cost is the same as the fair market value for financial reporting. 31 City of Boynton Beach, Florida Notes to Financial Statements (continued) 3. Equity in Pooled Cash and Investments, and Cash and Investments (continued) Investments and deposits are reported in the combined balance sheet as follows: Equity in Cash and Pooled Cash Cash and Restricted Equivalents Investments Investments Assets Total Securities Deposits and certificates of deposit Total cash and investments Due from Regional Board Totals $ 8,549,659 $ 83,458,014 $ 113,607,917 $ 36,695,748 $ 242,311,338 I~105~136 3~600,712 938~328 5~644~176 9,654,795 87,058,726 114,546,245 36,695,748 247,955,514 470~ 181 470~ 181 9654795 $ 87 058 726 $ 114546245 $ 37 165 929 $248425695 Cash and cash equivalents above consists of cash on hand, checking accounts and money market accounts. 4. Taxes and Accounts Receivable, Net Taxes and accounts receivable, net of allowances for doubtful accounts for the General Fund and enterprise funds as of September 30, 2001 are as follows: General Fund: Taxes receivable Less allowance for uncollectible taxes Taxes receivable, net $ 454,792 (454,792) Enterprise funds: Gross accounts receivable Less allowance for doubtful accounts Accounts receivable, net 2,276,369 (546,903) 1,729,466 Internal Service funds: Gross accounts receivable Less allowance for doubtful accounts Accounts receivable, net $ 4,950 $ 4,950 32 City of Boynton Beach, Florida Notes to Financial Statements (continued) 5. Due From Other Governments Amounts due from other govermnents at September 30, 2001 consist of the following: General Fund: Due from Palm Beach County for grants Due from State of Florida for grants Due from U. S. Government for grants Total $ 503,034 76,424 25,645 $ 605,103 6. Restricted Assets In connection with the ordinances governing the issuance of its revenue bonds, the City is required to invest and restrict certain amounts for bond requirements and renewal and replacement of the water and sewer system. The City is also required to segregate and restrict certain amounts collected for customer deposits and amounts received from the Board for renewal and replacement of the Regional Wastewater Treatment Plant. The amounts restricted at September 30, 2001 are summarized as follows: Enterprise funds Water and Sewer Fund: Equity in pooled cash and investments Due from Regional Board Bond Capital Renewal and Requirements Improvements Replacement Customer Federal Deposits Requirement $ 5,489,339 $ 24,085,035 $ 4,943,915 $1,129,237 $ 470~ 181 5,489,339 24,085,035 5,414,096 1,129,237 Total $ 35,647,526 470z181 36,117,707 Boynton Beach Recreational Facilities Fund: Equity in pooled cash and investments 912,643 100,000 1,012,643 Sanitation Fund: Equity in pooled cash and investments 357579 35,579 $ 6~4017982 $ 24~085~035 $ 5~514~096 $1712%237 $ 35~579 $37~165~929 33 City of Boynton Beach, Florida Notes to Financial Statements (continued) 7. Investment in Regional Wastewater Treatment Plant In 1974, the City joined with the City of Delray Beach to form the Board, a dependent special district. The Board, which is governed by a body composed of the commission members from each city, oversees the operation of the Regional Wastewater Treatment Plant which services both cities and surrounding areas. The inteflocal agreement between the City and the City of Delray Beach specifies that the Board has the authority to accept and disburse funds, transact business and enter into contracts for budgeted items. In addition, the Board has the authority, subject to approval by a majority vote of each City Commission before becoming effective, to adopt an annual budget, establish rates and charges for operations, maintenance, expansions and construction, enter into contracts for nonbudgeted items and authorize the remm of any surplus funds or levy additional charges for deficits of the Board to the respective cities. No debt has been authorized or issued by the Board. Ownership of the Regional Wastewater and Treatment Plant is vested proportionately with the cities in accordance with the capital investments of each city, which to date are approximately 50% each. The Board charges each city for its share of the Board's operating expenses based on the percentage flow of wastewater from each city. For the year ended September 30, 2001 the City accounted for approximately 50% of the total wastewater flow treated by the Board, and approximately 50% of the Board's operating expenses were billed to the City. Each individual city is responsible for setting the rates and collecting charges for wastewater disposal from customers within its jurisdiction. Financial information relating to the Board as of September 30, 2001 is as follows: Total assets Total liabilities Total equity $ 5,166,564 1,846,691 $ 3,319,873 $ 5,273,694 3,941,949 1,331,745 (737,210) 594,535 2,725,338 $ 3,319,873 Total revenue Total expenses Revenue over expenses before other financing uses Other financing uses Revenue over expenses Fund balance, October 1, 2000 Fund balance, September 30, 2001 34 City of Boynton Beach, Florida Notes to Financial Statements (continued) 7. Investment in Regional Wastewater Treatment Plant (continued) The City accounts for its investment in the Board as a joint venture recorded on the equity method of accounting. At September 30, 2001, the City's 50% equity interest in the net assets of the Board totaled $1,659,937 and has been included in the City's balance sheet as a component of investment in Regional Wastewater and Treatment Plant. The Board has established a reserve for renewal and replacement of the Regional Wastewater and Treatment Plant which is funded by the monthly operating charge to the cities. The monies collected by the Board for renewal and replacement are returned to the cities in equal amounts to be invested for the Board until needed. The City reflects its equity in these renewal and replacement funds as investments under restricted assets and a reserve of retained earnings for renewal and replacement in an amount equal to the actual investments held by the City for the Board. At September 30, 2001, the restricted assets related to these renewal and replacement funds totaled $1,756,004. The Board does not record the property, plant and equipment of the Regional Wastewater and Treatment Plant or any depreciation thereon in its financial statements because the legal title to the assets is vested with the cities in accordance with their capital investments. Accordingly, the City has recorded depreciation expense of $782,031 for the year ended September 30, 2001 on its 50% share of the property, plant and equipment of the Board. At September 30, 2001, the City's 50% share of the property, plant and equipment of the wastewater and treatment facility totaled $28,867,721, less the accumulated depreciation thereon of $10,927,032 and has been included in the City's balance sheet as investment in Regional Wastewater and Treatment Plant. Separate financial statements of the Board can'be obtained by contacting the Board. 35 City of Boynton Beach, Florida Notes to Financial Statements (continued) 8. Property, Plant and Equipment The components of property, plant and equipment at September 30, 2001 are summarized as follows: General Fixed Proprietary Funds Assets Internal Account Enterprise Service Group Total Land Buildings and improvements Utility lines Equipment Wells Construction in progress Less: accumulated depreciation 3,973,456 $ 33,166 $ 3,194,963 $ 7,201,585 57,416,694 43,095 40,700,841 98,160,630 74,610,017 74,610,017 21,347,058 15,511,860 14,251,843 51,110,761 9,550,160 9,550,160 2,037,844 2,037,844 168,935,229 15,588,121 58,147,647 242,670,997 (59,761,502) (7,614,428) (67,375,930) $ 109,173,727 $ 7,973,693 $ 58,147,647 $ 175,295,067 The changes in general fixed assets are summarized as follows: Balance, October 1, 2000 Additions Deletions Balance, September 30, 2001 Land $ 3,189,963 $ 5,000 $ $ 3,194,963 Buildings and improvements 37,656,188 3,044,653 40,700,841 Equipment 14,197,260 2,289,954 (2,235,371) 14,251,843 $ 55,043,411 $ 5,339,607 $ (2,235,371) $ 58,147,647 36 City of Boynton Beach, Florida Notes to Financial Statements (continued) 9. Interfund Receivables and Payables Interfund receivable and payable balances at September 30, 2001 are summarized as follows: lnterfund lnterfund Receivables Payables Internal service funds: Vehicle Service Fund Warehouse Fund $ 490,130 $ - 490~130 $ 490,130 $ 490,130 10. Defined Benefit Pension Plans Description of Plans The City contributes to three single-employer defined benefit pension plans covering all full-time City employees: Retirement Trust Fund This fund covers all permanent full-time employees except those covered by the police and firefighters pension plans. Employees become vested after five years of service with the City. Eligible retirement age is 62 with 5 or more years of service, 55 with 25 years of service or any age with 30 or more years of service. There is no mandatory retirement age. Retirees begin receiving monthly annuity checks the month their retirement begins and continues until death. Annuities to which retirees are entitled are equal to 3% of their final average monthly compensation times years of credited service provided the employee has completed at least 30 full years of credited service at any age; 25 or more years of credited service at age 55 or 5 or more years of credited service at age 62. Employee contributions are 7% of monthly earnings. The City's contribution is determined actuarially on an annual basis. 37 City of Boynton Beach, Florida Notes to Financial Statements (continued) 10. Defined Benefit Pension Funds (continued) The benefit provisions and all other requirements of the Retirement Trust Fund are established by City Ordinance and are summarized as follows: The funding methods and determination of benefits payable are provided in the various sections of the City's Code of Ordinances, including subsequent amendments thereto. The code provides, in general, that funds are to be accumulated from employee contributions, city contribution and income from investment of accumulated funds. The investments of the fund are administered, managed and operated by its Board of Trustees. Police Pension Fund This fund covers all sworn police department employees. Employees are vested after 10 years of service with the City and are eligible for retirement after 20 years of service regardless of age. Employees with 10 years of credited service may retire at or after age 50 and receive a reduced retirement benefit. Monthly annuity checks begin the month an employee retires, and the amount of annuity to which the retired employee will be entitled will be equal to the number of years of credited service multiplied by 3% of average final compensation. Employee contributions are 7% of annual compensation. The City's contribution is determined actuarially on an annual basis and is reduced by the amount the City receives from the State of Florida. The State of Florida's contributions are pursuant to Chapter 185 of the Florida Statutes which provides for a premium tax on certain casualty insurance contracts written on the City's properties. The tax is collected by the State of Florida and remitted to the City for the Police Pension Fund. Firefighters Pension Fund This fund covers all firefighters and fire department officers. Employees become vested after 10 years of service with the City and are eligible for retirement after 20 years regardless of age. Employees with 10 years of credited service may retire at or after age 50 and receive a reduced retirement benefit. Monthly annuity checks begin the month an employee retires, and the amount of the annuity to which the retired employee will be entitled will be equal to the number of years of credited service multiplied by 3% of average final compensation. Employee contributions are 7% of annual compensation. The City's contribution is determined actuarially on an annual basis and is reduced by the amount the City receives from the State of Florida. The State of Florida's contributions are pursuant to Chapter 175 of the Florida Statutes which provides for a premium tax on certain casualty insurance contracts written on the City's properties. The tax is collected by the State of Florida and remitted to the City for the Firefighters Pension Fund. City of Boynton Beach, Florida Notes to Financial Statements (continued) 10. Defined Benefit Pension Funds (continued) The benefit provisions and all other requirements of the Police Pension Fund and Firefighters Pension Fund are established by City Ordinance and are summarized as follows: The funding methods and determination of benefits payable are provided in the various acts of the Florida Legislature, which created the fund, including subsequent amendments thereto. The statutes provide, in general, that funds are to be accumulated from employee contributions, city contributions, state appropriations and income from investment of accumulated funds. The act also provides that, should the accumulated funds at any time be insufficient to meet and pay the benefits due, the City shall supplement the fund by an appropriation from current funds, or from any revenues which may lawfully be used for said purposes in an amount sufficient to make up the deficiency. The investments of the funds are administered, managed and operated by their respective Boards of Trustees. The City's external auditors did not audit the financial statements of the Police and Firefighter Pension Funds, two fiduciary funds of the City. Other auditors were engaged, who prepared a stand-alone financial report, copies of which can be obtained directly from those auditors. The General Employees Pension Fund is accounted for by the City as a separate fund, and no stand-alone financial report is issued. Information regarding current year covered payroll and participant data for the three pension plans is as follows: Police Firefighters Retirement Pension Pension Trust Fund Fund Fund Participant data as of October 1, 2000, most recent actuarial valuations: Retirees and beneficiaries receiving benefits Terminated employees entitled to benefits but not yet receiving them Vested current employees Nonvested current employees 141 49 39 14 7 7 296 58 39 230 66 51 39 City of Boynton Beach, Florida Notes to Financial Statements (continued) 10. Defined Benefit Pension Funds (continued) Significant Accounting Policies Basis of Accounting - The City's financial statements for the three pension funds are prepared using the accrual basis of accounting. Employer and plan member contributions are recognized in the period the contributions are due. Method Used to Value Investments - Investments in the three plan funds are reported at fair value according to the independent custodian for each plan using various third-party pricing sources. Restatement of Fund Balance - The City of Boynton Beach Municipal Police Officers' Retirement Fund net assets held in mast for pension benefits at October 1, 2000 was restated to correct an error not involving accounting principles: Fund net assets held in trust for pension benefits October 1, as originally reported Prior period adjustment of employer contributions Fund net assets held in trust for pension benefits October 1, as restated $ 33,637,839 490,427 $ 34,128,266 Contribution Requirements and Contributions Made In 2001, the annual pension cost and contribution for the Retirement Trust Fund, Police Pension Fund, and the Firefighters Pension Fund were $686,732, $742,644 and $292,146, respectively. Retirement Trust Fund Year ended September 30 2001 2000 1999 Annual Percentage Pension Cost Contributed 686,732 100% 952,994 100% 1,071,127 100% Police Pension Fund Year ended September 30 2001 2000 1999 Annual Percentage Pension Cost Contributed 742,644 100% 863,996 100% 879,252 100% 40 City of Boynton Beach, Florida Notes to Financial Statements (continued) 10. Defined Benefit Pension Funds (continued) Year ended September 30 Firefi§hters Pension Fund Annual Pension Cost Percentage Contributed 2001 2000 1999 $ 292,146 597,198 710,387 100% 100% 108% Actuarial Methods and Significant Assumptions General Employees Pension Fund Police Pension Fund Firefighters Pension Fund Valuation date 10/1/2000 10/1/2000 10/1/2000 Actuarial cost method Entry age Frozen entry age Frozen entryage Amortization method Level percent, closed Level percent of payroll, closed Level percent of payroll, closed Remaining amortization period 30 29 20 Asset valuation method Four year smoothed Five year smoothed market market Five year smoothed market Actuarial assumptions: Investment rate of return 8.0% 8.5% Projected salary increases 4.2% - 7.8% 5.0% - 6.5% Inflation increase included above 3.5% 4.0% 8.5% 6.5% 4.0% 41 City of Boynton Beach, Florida Notes to Financial Statements (continued) 10. Defined Benefit Pension Funds (continued) Postretirement Benefits The City offers continuation of health and life insurance benefits to employees upon retirement. The full cost of such benefits are paid by the retirees, and the City has no liability for postretirement 11. General Long-Term Debt The promissory note of the City is as follows: Promissory Note--The authorized issue dated January 1, 1992 was $10,075,000 for General Obligation Refunding Bonds, Series 1992 with an interest rate ranging from 5.40% to 6.25%. On September 15, 2000, the City executed an agreement to escrow the bonds outstanding with a promissory note in the amount of $4,986,434. The net proceeds were used to purchase U.S. government securities. As a result, the 1992 bond is considered to be defeased and the liability has been removed from the general long-term debt account group. The City refunded the bonds to obtain an economic gain of $162,000. The promissory note is outstanding at September 30, 2001 in the amount of $4,667,670 and bears interest at a rate of 5.10% per annum. The debt service requirements of the City's promissory note is as follows: Fiscal Year Ending September 30 Principal Interest Total Balance Outstanding at End of Fiscal Year 2002 $ 749,453 $ 229,923 $ 2003 884,863 188,846 2004 936,201 143,120 2005 889,790 94,663 2006 500,113 51,178 2007-2010 707~250 73,759 $ 4~667~670 $ 781~489 $ 979,376 1,073,709 1,079,321 984,453 551,291 781~009 5~449~159 4,469,783 3,396,074 2,316,753 1,332,300 781,009 42 City of Boynton Beach, Florida Notes to Financial Statements (continued) 11. General Long-Term Debt (continued) The City's legal debt limit on general obligations, based on 10% of total assessed value of real property, amounted to $325,418,400 at September 30, 2001. The special revenue bonds of the City are as follows: Public Service Tax Refunding Revenue Bonds, Series 1993raThe authorized issue dated May 1, 1993 was $20,600,000. Bonds are outstanding at September 30, 2001 in the amount of $12,185,000 and bear interest at rates ranging from 4.50% to 5.50% per annum. Bonds maturing November 1, 2004 and thereafter are subject to redemption prior to maturity. The bonds are secured by a pledge of the public service taxes received by the City. The debt service requirements of the City's special revenue bonds are as follows: Fiscal Year Ending September 30 Principal Interest Total Balance Outstanding at End of Fiscal Year 2002 2003 2004 2005 2006 2007-2011 1,335,000 1,400,000 1,465,000 1,545,000 1,625,000 4,815,000 $ 596,439 530,432 459507 383,485 301 838 566 662 $ 1,931,439 1,930,432 1,924,507 1,928,485 1,926,838 5,381,662 $ 12,185,000 $ 2,838,363 $ 15,023,363 $ 13,091,924 11,161,492 9,236,985 7,308,500 5,381,662 43 City of Boynton Beach, Florida Notes to Financial Statements (continued) 11. General Long-Term Debt (continued) The change in the City's general long-term debt for the year ended September 30, 2001 is as follows: Balance, Compensated Balance, September 30, Absences Debt Debt September 30, 2000 Change Additions Retirements 2001 Compensated absences, vacation Compensated absences, sick Promissory note Special revenue bonds $ 1,917,824 $ 58,765 $ - $ $ 1,976,589 1,668,180 253,678 1,921,858 4,986,434 (318,764) 4,667,670 13~465z000 (17280~000) 12~185~000 $ 227037~438 $ 312~443 $ $(1~5987764) $20~751~I17 Component Unit General Long-Term Debt The promissory note of the Community Redevelopment Agency (CRA) is as follows: Promissory Note--Resolution 01-01 dated September 11,2001 of the CRA Board of Commissioners authorized the issuance of a note in the principal amount of $3,000,000 payable from tax increment revenues to finance the cost of various commtmity redevelopment projects. Resolution R01-261 dated September 19, 2001 of the Boynton Beach City Commission authorized the CRA to issue this note and authorized the City of Boynton Beach to Guaranty the obligations of the CRA under the note. The promissory note is outstanding at September 30, 2001 in the amount of $3,000,000 and bears interest at a rate of 6.56% per annum. The debt service requirements of the CRA's promissory note is as follows: Balance Fiscal Year Outstanding at Ending End of Fiscal September 30~ Principal Interest Total Year 2002 $ 122,474 $ 194,824 $ 317,298 $4,442,176 2003 130,640 186,658 317,298 4,124,878 2004 139,351 177,947 317,298 3,807,580 2005 148,642 168,656 317,298 3,490,282 2006 158,554 158,745 317,299 3,172,983 2007-2011 966,163 620,329 1,586,492 1,586,491 2012-2016 1,334~ 176 252,315 1 ~586~491 $ 3~000~000 $ 1~759~474 $ 4~759~474 44 City of Boynton Beach, Florida Notes to Financial Statements (continued) 11. General Long-Term Debt (continued) The change in the CRA's general long-term debt for the year ended September 30, 2001 is as follows: Balance, Balance, September 30, Debt Debt September 30, 2000 Additions Retirements 2001 Promissory note $ $ 3,000,000 $ - $ 3,000,000 12. Revenue Bonds The outstanding revenue bonds of the enterprise funds of the City at September 30, 2001 are summarized as follows: Water and Sewer Fund Boynton Beach Recreational Facilities Fund Total Revenue bonds payable Unamortized discount Less current portion Long-term portion 45,705,000 $ 1,390,000 $ 47,095,000 (890,419) (2,002) (892,421) (1,220,000) (435,000) (1,655,000) $ 43,594,581 $ 952,998 $ 44,547,579 The City defeased certain revenue bonds in prior years by placing the proceeds of new bonds in irrevocable trust accounts to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the City's enterprise funds. At September 30, 2001, the principal outstanding but considered extinguished under these funding arrangements is as follows: Series 1964 $ 825,000 Series 1975B 1,180,000 Series 1978 1,000,000 Series 1982 550,000 Series 1992 28,300,000 $ 31,855,000 45 City of Boynton Beach, Florida Notes to Financial Statements (continued) 12. Revenue Bonds (continued) The Water and Sewer Utility Revenue Bonds, Series 1992 (the Series 1992 Bonds) consist of $22,635,000 current interest bonds maturing fi'om 1998 through 2021. The Series 1992 Bonds are funded by the excess of user charges and investment income over operating expenses, and bear interest at rates ranging from 5.70% to 6.25% per annum. Balance Fiscal Year Outstanding Ending at End of September 30 Principal Interest Total Fiscal Period 2002 $ 5,000 $ 1,414,457 $ 1,419,457 $ 44,260,215 2003 5,000 1,414,170 1,419,170 42,841,045 2004 5,000 1,413,878 1,418,878 41,422,167 2005 5,000 1,413,580 1,418,580 40,003,587 2006 5,000 1,413,276 1,418,276 38,585,311 Thereafter 22,610,000 15,975,311 38,585,311 $ 22,635,000 $ 23,044,672 $ 45,679,672 The City intends to issue its Utility System Revenue Refunding Bonds, Series 2002 (the Bonds) in August 2002. Proceeds of the Bond issue will be used to refund the City's outstanding Utility System Revenue Bonds, Series 1992 and pay for certain capital projects. Interest rates on the Bonds range fi.om 5.000% to 5.375%. Interest savings fi.om this Bond issue are estimated to be approximately $1,000,000. The Bonds are payable solely from the Net Revenues, as defined, of the City. The Water and Sewer Utility Revenue Bonds, Series 1996 (Series 1996 Bonds) consist of $23,070,000 current interest bonds maturing from 2002 through 2021. The Series 1996 Bonds are funded by the excess of user charges and investment income over operating expenses, and bear interest at rates ranging fi.om 4.600% to 5.625% per annum. Fiscal Year Balance Outstanding Ending at End of September 30 Principal Interest Total Fiscal Period 2002 $ 1,215,000 $ 1,175,277 $ 2,390,277 $ 29,574,683 2003 1,265,000 1,117,605 2,382,605 27,192,078 2004 1,330,000 1,055,958 2,385,958 24,806,120 2005 1,640,000 983,858 2,623,858 22,182,262 2006 1,725,000 900,553 2,625,553 19,556,709 Thereafter 15,895,000 3,661,709 19,556,709 _$ 23,070,000 $ 8,894,960 $ 31,964,960 46 City of Boynton Beach, Florida Notes to Financial Statements (continued) 12. Revenue Bonds (continued) Bond Resolutions 92-96 and 96-88 of the City require that net operating revenue be sufficient to provide an amount equal to 110% of the current fiscal year's principal and interest requirements and 100% of all amounts required to meet the current year's reserve account deposit requirements, and renewal and replacement fund requirements. As shown by the following schedule, the City was in compliance with this requirement for the year ended September 30, 2001: Current principal and interest requirement $ 2,622,962 Current reserve account, and renewal and replacement reserve requirement 2,369,000 Total requirement Net operating revenue as defined in the Bond Resolutions Excess over requirement Required Balance 110 % $ 2,885,258 100 2,369,000 5,254,258 13,799,104 $ 8,544,846 Boynton Beach Recreational Facilities Fund The Recreational Facilities Refunding Revenue Bonds, Series 1991 (the Series 1991 Bonds) are funded by the excess of user charges over operating expenses and investment income, and bear interest at rates ranging from 6.05% to 6.25%% per annum. The debt service requirements of the Series 1991 Bonds are as follows: Fiscal Year Balance Ending at End of September 30 Principal Interest Total Fiscal Year 2002 $ 435,000 $ 72,386 $ 507,386 $ 1,015,550 2003 460,000 45,082 505,082 510,468 2004 495,000 15,468 510,468 $ 1,390,000 $ 132,936 $ 1,522,936 47 City of Boynton Beach, Florida Notes to Financial Statements (continued) 12. Revenue Bonds (continued) Bond Resolution 91-168 of the City requires that net operating revenue be sufficient to meet at least 125% of the principal and interest requirement and 100% of any amounts required to be deposited in the reserve account and the renewal and replacement fund for the fiscal year. As shown by the following schedule, the City was in compliance with this requirement for the year ended September 30, 2001: Required Balance Current principal and interest requirement $ 512,892 125 % $ 641,115 Reserve account requirement . Renewal and replacement requirement . Total requirement Net operating revenue as defined in the Bond Resolutions Excess over requirement 100 100 641,115 687,302 $ 46,187 13. Conduit Debt Obligations In July 1996, the City issued $11,940,000 in Multi-Family Housing Mortgage Revenue Bonds (the Bonds), Series 1996 (Clipper Cove Apartments). The Bonds are limited obligations of the City, issued for the principal purpose of refinancing a multi-family housing development, Clipper Cove Apartments (the Project), and payable solely out of funds to be provided by C/HP Cove, Inc., a Florida not-for-profit corporation whose sole asset is the Project and whose activities consist solely of owning and operating the Project. The Project issued a $11,940,000 promissory note to the City for the Bonds. The City assigned the promissory note to an independent trustee for administration including all of the City's rights, title and interest in the note. Neither the faith and credit nor the taxing power of the City was pledged for the payment of the Bonds and the enforcement of payments on the Bonds may be made only against the Project. Accordingly, such obligations are not included within the accompanying financial statements. The outstanding balance at September 30, 2001 was $11,135,000. 48 City of Boynton Beach, Florida Notes to Financial Statements (continued) 14. Contributed Capital Contributed capital of the proprietary funds at September 30, 2001 consists of the following: Enterprise aternal Service Funds Funds Total Property owners and developers Grants City of Boynton Beach Palm Beach County $ 86,162,664 $ $ 86,162,664 11,573,494 17,242 11,590,736 276,194 1,205,421 1,481,615 336,517 336,517 98,348,869 1,222,663 99,571,532 Accumulated depreciation on contributed capital as of October 1, 2000 Depreciation on fixed assets acquired with contributed capital for the year ended September 30, 2001 Accumulated depreciation on fixed assets acquired with contributed capital as of September 30, 2001 Net contributed capital 21,895,313 1,148,165 23,043,478 1,413,984 1,413,984 23,309,297 1,148,165 24,457,462 $ 75,039,572 $ 74,498 $ 75,114,070 During the year ended September 30, 2001, the City implemented the applicable provisions of Governmental Accounting Standards Board Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions, which requires governments to recognize capital contributions to proprietary fund types as revenues instead of contributed capital. In previous periods, such capital contributions were recognized as additions to Contributed Capital on the balance sheet. This accounting change was implemented prospectively as required by Statement No. 33 and accordingly there was no effect on beginning retained earnings. For the year ended September 30, 2001, the City recognized capital contributions revenues of $6,625,249 in its enterprise funds, which consisted primarily of contributions from developers. 49 City of Boynton Beach, Florida Notes to Financial Statements (continued) 15. Segment Information for Enterprise Funds The City maintains four enterprise funds to provide water and sewer services, operate the municipal golf course, provide sanitation collection and disposal services and operate the public transportation system. Segment information for the year ended September 30, 2001 is as follows: Boynton Beach Recreational Mass Total Water and Facilities Sanitation Transit Enterprise Sewer Fund Fund Fund Fund Funds Operating revenue Depreciation and amortization expense Operating income (loss) Net operating transfers in (out) Net income (loss) Property, plant and equipment: Additions Deletions Transfer of depreciation on contributed capital Total assets Net working capital Bonds payable fi-om operating revenue, less unamortized discount * Total equity $ 24,115,586 $ 2,232,653 $ 6,186,179 $ 13,718 $ 32,548,136 5,279,697 265,999 70,046 433 5,616,175 5,924,438 125,396 1,238,757 (190,213) 7,098,378 (2,972,793) (37,260) (1,920,047) 154,700 (4,775,400) 11,984,782 296,174 (648,955) (22,098) 11,609,903 16,710,420 383,059 32,654 17,126,133 8,064,878 152,471 180,117 576 8,398,042 1,413,984 1,413,984 213,676,871 4,579,190 673,346 92,905 219,022,312 50,136,713 728,514 384,292 89,364 51,338,883 44,814,581 1,387,998 46,202,579 164,084,836 2,958,057 46,400 82,517 167,171,810 * Bonds payable includes the current portion of revenue bonds payable which is included in liabilities payable from restricted assets in the combined balance sheet. Intersegment Sales Sales between the City's Enterprise Fund segments are accounted for as quasi-external transactions in each of the individual funds. 5O City of Boynton Beach, Florida Notes to Financial Statements (continued) 16. Expenditures over Appropriations Expenditures exceeded appropriations for the year ended September 30, 2001 in the following budgeted funds: General Fund: General Government: City Manager City Clerk City Attorney Public safety: Code Compliance 14,652 24,001 66,312 31,836 During fiscal year 2001, the City Manager's office had excess expenditures of $14,652 caused by a September 30, 2000 encumbrance of $4,763 which was paid during fiscal year 2001 and by an unanticipated, City Commission approved department restructuring. The City Clerk's office had excess expenditures of $24,001 caused by a September 30, 2000 encumbrance of $11,443 which was paid during fiscal year 2001 and by an increase in volume and unit cost of required legal advertising. The City Attorney's office incurred excess expenditures due primarily to the defense of several time-consuming lawsuits against the City and an unanticipated increase in time required in collective bargaining. The Code Compliance department excess expenditures of $31,836 were caused mainly by an unanticipated retirement and by personnel reclassifications. City of Boynton Beach, Florida Notes to Financial Statements (continued) 17. Self-Insurance Program The City has a Self Insurance Fund to account for future general liability, automotive liability and workers' compensation claims. The Self Insurance Fund is categorized as an internal service fund. The budgeted amount for workers' compensation was charged in the Self Insurance Fund and the related revenue recognized in the Self Insurance Fund. The year-end liability for self-insurance claims is accrued in the Self Insurance Fund as this will be the source of payment of these claims. Insurance claim expense is recognized at the time the loss is incurred and includes incurred-but-not-reported claims. The City was self-insured for workers' compensation and general liability insurance for the fiscal year ended September 30, 2001. The City carries a policy covering claims in excess of $200,000 with coverage up to a maximum of $1,000,000 per aggregate occurrence. For each of the past three years, there have been no settlements that have exceeded the City's insurance coverage. The City's provision for insurance losses represents the estimated ultimate cost of settling self- insurance liability claims. The provision for insurance losses was estimated by an outside actuary using accepted actuarial methods. These methods consider case-basis reserves established by the City, the rate of loss development on older claims, the effects of incurred-but-not-reported claims and the effects of inflation and other economic factors to determine ultimate cost. The City has recorded a provision for insurance losses of $3,712,143. The liability falls within the actuarially determined range, from an actuarial valuation for all claims based upon the date the loss was incurred. Due to the long-term nature of many of these claims, the City considers anticipated investment income in determining the net provision for insurance losses by discounting claims to the estimated present value. At September 30, 2001, the recorded provision for insurance losses of $3,712,143 is based on gross claims of $4,134,390 discounted at an assumed rate of return on investments of 5.0%. The following summarizes the provision for insurance losses activity for the previous two years: Provision, Provision, Beginning of Claims Claims End of Fiscal Year Expense Paid Fiscal Year 1999-2000 2000-2001 $ 3,394,558 $ 907,321 $ (1,389,001) $ 2,912,878 2,912,878 2,513,422 (1,714,157) 3,712,143 52 City of Boynton Beach, Florida Notes to Financial Statements (continued) 18. Postclosure Care Cost and Landfill Management Escrow The City maintains a landfill which reached maximum capacity during 1985 and underwent final closure during February 1992. The postclosure care of the City's landfill is mandated by state and federal laws and regulations, and consists of certain maintenance and monitoring functions at the landfill site for 20 years after its closure. The outstanding liability for postclosure care costs at September 30, 2001 is $370,615 which is recorded in the Sanitation Fund. In addition, the City is required under Section 17-701.630(5)(c) of the Florida Administrative Code to prepare and submit to the State of Florida Department of Environmental Regulation the "Schedule of Cash Receipts and Disbursement" of the City of Boynton Beach, Florida Landfill Management Escrow Account. The City records the landfill management escrow as restricted cash to fund postclosure costs of the landfill. Sufficient funds are to be deposited or maintained in the interest-bearing escrow account in order to fund the estimated annual postclosure care costs to be incurred in the subsequent year. The escrow account, which is part of the City's pooled cash and investments, is calculated based on estimates made by a registered professional engineer. Such estimates are subject to change due to inflation, new technology or applicable laws or regulations. At September 30, 2001 the escrow was based on the following estimates: Annual long-term care/postclosure costs Date of landfill closure $ 35,579 February 1992 The schedule of activity for the long-term portion of the landfill postclosure care liability for the year ended September 30, 2001 is as follows: Balance, October 1, 2000 Transfer for annual postclosure care Balance, September 30, 2001 $ 370,615 (35,579) $ 335,036 The schedule of escrow cash receipts and disbursements for the year ended September 30, 2001 is as follows: Balance, October 1, 2000 Cash disbursements for postclosure costs Transfer for annual postclosure care Balance, September 30, 2001 $ 35,579 (35,579) 35,579 $ 35,579 This account is included in the Sanitation Fund. The postclosure care costs for the fiscal year ended September 30, 2001 were funded from the escrow account and the operating revenue of the Sanitation Fund. 53 City of Boynton Beach, Florida Notes to Financial Statements (continued) 19. Commitments and Contingencies The City has various long-term contractual obligations for construction projects on which work has not been completed. The approximate balances of the contracts and related commitments of the Water and Sewer Fund and the General Fixed Assets Account Group as of September 30, 2001 are as follows: Water General Sewer Fixed Fund Assets Total Total contract amount Payments on construction contracts Remaining contractual commitments, September 30, 2001 $ 10,421,863 $ 1,158,089 $ 11,579,952 7,890,562 551,489 8,442,051 $ 2,531,301 $ 606,600 $ 3,137,901 The contractual commitments of the Water and Sewer Fund will be paid from the proceeds of the Water and Sewer Utility Revenue Bonds, Series 1996. The contractual commitments of the General Fixed Assets Account Group will be paid from various sources. A civil rights action suit was brought against the City and two former employees. A judgment was entered in plaintiff's favor for compensatory damages against the City and the former employees and punitive damages against the former employees. The court set aside the judgment against the City, but affirmed the judgment against the former employees. That judgement was successfully appealed by the former employees. A cross appeal by the plaintiff unsuccessfully challenged the dismissal of the City. The plaintiff has filed a motion for re-hearing by the entire appellate court. The outcome of the suit cannot be determined at this time. The City is the defendant in certain other lawsuits incurred in the normal course of operations. Management believes that amounts not covered by insurance, if any, resulting from these lawsuits would not materially affect the financial position of the City. 20. Fund Deficits The Self-Insurance Internal Service Fund has an accumulated deficit of $871,492 as of September 30, 2001. The deficit was caused by an increase in the reserve for claims payable and should be eliminated through future premiums. 54 Required Supplementary Information The following supplementary information is presented to comply with the the reporting requirements of Govemmental Accounting Standards Board Statemen! No. 25, Financial Reporting for Deferred Benefit Pension Plans and Note Disclosures for Defined Contribution Plans. City of Boynton Beach, Florida Required Supplementary Information Schedules of Funding Progress September 30, 2001 In Thousands Actuarial Accrued Unfunded Actuarial Liability (Assets in Actuarial Value of (AAL) Excess of) Funded Covered Valuation Assets (**) AAL Ratio Payroll Date (a) (b) (b-a) (a/b) (c) Unfunded (Assets in Excess) AAL as a Percentage of Covered Payroll l(b-a)/cl General Employee Pension Fund 1995' 33,038 35,345 2,307 93.5 13,912 1996 36,927 37,310 383 99.0 14,216 1997 42,227 41,351 (876) 102.1 14,485 1998 47,971 46,076 (1,895) 104.1 15,946 1999 53,943 49,546 (4,397) 108.9 17,094 2000 60,452 57,605 (2,847) 104.9 18,984 16.6 2.7 (6.0) (11.9) (25.7) (15.o) Police Pension Fund 10/1/1995 16,968 19,790 2,822 85.7 5,957 10/1/1996 19,439 21,087 1,648 92.2 6,298 10/1/1997 22,899 24,413 1,514 93.8 6,330 10/1/1998 26,379 25,932 (447) 101.7 6,225 10/1/1999 28,957 29,771 814 97.3 7,121 10/1/2000 32,560 33,727 1,167 96.5 6,908 Firefighters Pension Fund 47.4 26.2 23.9 (7.2) 11.4 16.9 10/1/1995 16,884 18,483 1,599 91.3 4,839 10/1/1996 19,269 20,604 1,335 93.5 4,695 10/1/1997 22,221 23,724 1,503 93.7 4,239 10/1/1998 24,978 25,301 323 98.7 4,544 10/I/1999 28,291 28,287 (4) 100.0 5,083 10/I/2000 31,629 29,403 (2,226) 107.6 5,305 * A~er changes in benefits and/or actuarial assumptions and/or actuarial cost methods. ** Actuarial cost methods used: General Employee Pension Fund Entry Age Police and Firefighters Pension Funds Frozen Entry Age 33.0 28.4 35.5 7.1 (0.1) (42.0) 55 City of Boynton Beach, Florida Schedules of Contributions from Employer and Other Contributing Entities For the Last Six Years September 30, 2001 Year Ended September 30, 1995 1996 1997 1998 1999 2000 1995 1996 1997 1998 1999 2000 1995 1996 1997 1998 1999 2000 Annual Required Percentage Contribution Contributed General Employee Pension Fund 1,539,169 100.0 1,505,804 100.0 1,339,622 100.0 1,168,158 100.0 1,069,863 100.0 952,994 100.0 Police Pension Fund 737,276 100.0 899,826 100.0 925,780 100.0 888,999 100.0 879,252 100.0 863,996 98.8 Firefi§hters Pension Fund 737,247 100.0 807,150 100.0 776,724 100.0 710,387 100.0 597,198 100.0 512,235 87.2 56 Combining and Individual Fund Statements and Schedules General Fund To account for revenues and expenses associated with the general operations of City government. City of Boynton Beach, Florida Schedule of Revenue--Budget and Actual (Budgetary Basis)--General Fund Year ended September 30, 2001 Taxes General property taxes: Gross collections Less discounts Delinquent taxes Franchise taxes: Florida Power & Light BellSouth Corp. Florida Public Utilities Co. Cable companies Public service taxes Total taxes Licenses and permits Business licenses and permits: Occupational licenses Penalties on licenses Nonbusiness licenses and permits: Building permits Electrical permits Plumbing permits Plan check fees Other land development fees Penalties on permits Beach decals Garage sale permits Security alarm permits Total licenses and permits Intergovernmental revenue State revenue: US Customs overtime reimbursement Cigarette tax State revenue sharing Mobile home licenses Alcoholic beverage license Sales tax Firefighters supplemental compensation Gasoline tax refund Continued on next page. Budget Actual Variance Favorable (Unfavorable) $ 19,926,824 $ 19,824,829 $ (101,995) (697,439) (704,895) (7,456) 50,000 43,041 (6,959) 19,279,385 19,162,975 (116,410) 2,600,000 2,804,374 204,374 115,000 129,903 14,903 20,000 40,786 20,786 290,300 279,126 (11,174) 3,025,300 3,254,189 228,889 2,706,000 2,606,040 (99,960) 25,010,685 25,023,204 12,519 1,095,000 1,249,877 154,877 5,000 6,158 1,158 1,100,000 1,256,035 156,035 873,886 1,158,938 285,052 20,000 29,428 9,428 30,000 31,923 1,923 761,565 1,035,027 273,462 20,000 47,741 27,741 15,000 18,538 3,538 184,000 160,606 (23,394) 1,200 834 (366) 12,000 19,090 7,090 1,917,651 2,502,125 584,474 3,017,651 3,758,160 740,509 120,000 - (120,000) 1,150,000 1,383,123 233,123 8,000 39,099 31,099 30,000 38,045 8,045 4,250,000 4,086,797 (163,203) 18,000 20,435 2,435 35,000 46,036 11,036 5,611,000 5,613,535 2,535 57 City of Boynton Beach, Florida Schedule of Revenue~Budget and Actual (Budgetary Basis)--General Fund Year ended September 30, 2001 Budget Actual Variance Favorable (Unfavorable) County revenue: County court Occupational licenses PILOT--Palm Beach County Housing Authority PILOT--Clipper Cove Palm Beach County 911 reimbursement Total intergovernmental revenue 310,000 $ 292,312 $ (17,688) 100,000 124,953 24,953 53,000 3,972 (49,028) 120,973 120,973 3,800 156,911 153,111 466,800 699,121 232,321 6,077,800 6,312,656 234,856 Charges for services Computer service charges Application for rezoning Text amendment fee Annexation fee Conditional use fee Abandonment fee Site plan approval fee Variance fee Planning subdivision fee Photocopying Sale of code books Passports Tax searches Police charges Special police/tire detail DF_A-Overtime reimbursement US Customs overtime reimbursement Fire inspection fees Fire services Advanced Life Support transport service Protective inspection fee Animal charges Interments and disinterments Lot mowing Environmental review fee Racquet center memberships Racquet center daily fees Racquet center lights reimbursement Beach parking fee Sports field light use Recreation special services fee Total charges for services 157,081 157,081 - 10,000 4,711 (5,289) 3,000 2,275 (725) 4,OOO 3,500 (5OO) 12,000 6,013 (5,987) 5,000 1,750 (3,250) 80,000 36,917 (43,083) 11,600 12,773 1,173 10,000 13,467 3,467 13,500 14,527 1,027 1,200 1,609 409 7,416 7,416 7,500 8,864 1,364 12,000 19,848 7,848 90,000 136,811 46,811 12,028 12,028 5,000 2,960 (2,040) 200,000 288,149 88,149 595,000 472,349 (122,651) 500,000 577,224 77,224 20,000 16,709 (3,291) 3,500 2,045 (1,455) 39,500 40,592 1,092 12,500 5,670 (6,830) 10,000 18,750 8,750 90,000 112,363 22,363 25,000 24,834 (166) 3,000 2,451 (549) 90,000 98,302 8,302 1,000 (1,000) 1,294.00 1,294 2,011,381 2,103,282 gl,g01 Continued on next page. 58 City of Boynton Beach, Florida Schedule of Revenue--Budget and Actual (Budgetary Basis)--General Fund Year ended September 30, 2001 Fines and forfeitures Library fines Code enforcement fines Parking fines, police False alarm fines Total fines and forfeitures Interest Rents and royalties Commissions, tennis pro shop Snack bar rental City facility rentals Tower lease Boat club bait shop rent Total rents and royalties Miscellaneous Sale of surplus equipment Palm Beach County road improvement administration charge Special inspector administration charge Lot clearing administration charge Administration fee---BCAIF Administration fee---Radon Trust Returned check charge Miscellaneous income Discounts on purchases Sales tax discount Total miscellaneous Total revenue Other financing sources Operating transfers in: Boynton Beach Memorial Park Fund Local Option Gas Tax Fund Recreation programs Water/sewer administration fee Golf course administration fee Sanitation administration fee Other funds Total other financing sources Total revenue and other financing sources Budget Actual Variance Favorable (Unfavorable) 22.672 $ 24,119 $ 1,447 45,000 32,474 (12,526) 45,000 51,104 6,104 50.000 43.350 (6,650) 162.672 151,047 (11,625) 800.000 1,842,954 1,042,954 1,000 991 (9) 13.650 13,627 (23) 20,000 18,430 (1,570) 50,000 117,505 67,505 2.100 (2.100) 86,750 150,553 63,803 12,763 12,763 30,000 70,038 40,038 4,500 1,637 (2,863) 4,500 3.130 (1,370) 600 1,245 645 300 609 309 4.500 9,008 4.508 20,000 89.730 69,730 300 335 35 64,700 188.495 123,795 37,231.639 39,530.351 2.298.712 55,000 55,000 650.000 650,000 50.000 50,000 3.008,800 3.008,800 30.000 30.000 960,850 960,850 6.007 6.007 4.754.650 4.760.657 6.007 .$ 41.986,289 $ 44.291.008 $ 2.304.719 59 City of Boynton Beach, Florida Schedule of Expenditures and Encumbrances (Budgetary Basis)-- COmpared with Appropriations--General Fund Year ended September 30, 2001 Expenditures General government Legislative: City commission $ 80,342 Executive: City manager 403,332 Public affairs 142,812 Recording and reporting: City clerk 409,316 Financial administration: Finance 628,999 Procurement services 213,502 Information technology services 1,528,085 Geographic information services 404,769 Human resources 541,597 Professional development 161,883 Law: City attorney 451,512 Planning and zoning: City planner 653,706 Building and equipment: Facilities management 1,401,761 City Hall 516,969 Nondepartmental: Communications 1,258,397 Total general government 8,796,982 Total Expenditures and Current Year Current Year Appropriations Encumbrances Encumbrances After Outstanding Outstanding Revisions $ - $ 80,342 $ 3,300 466 2,035 2,500 76,519 751 84,607 6,160 403,332 146,112 409,782 631,034 213,502 1,530,585 481,288 541,597 161,883 451,512 654,457 1,486,368 523,129 1,258,397 Unencumbered Balance Lapsed 176,338 8,973,320 186,928 $ 106,586 388,680 (14,652) 207,384 61,272 385,781 (24,001) 686,205 55,171 220,139 6,637 1,630,678 100,093 504,659 23,371 570,770 29,173 191,568 29,685 385,200 (66,312) 689,512 35,055 1,543,921 57,553 571,916 48,787 1,301,920 43,523 9,465,261 491,941 Public safety Police 11,401,829 18,870 11,420,699 12,007,801 587,102 Fire 7,699,313 35,239 7,734,552 7,841,602 107,050 Protective inspection 2,168,790 40,922 2,209,712 2,647,805 438,093 Occupational licenses 144,434 144,434 151,020 6,586 Code compliance 530,021 530,021 498,185 (31,836) Animal control 118,374 118,374 135,210 16,836 Total public safety 22,062,761 95,031 22,157,792 23,281,623 1,123,831 Continued on nextpage. 60 City of Boynton Beach, Florida Schedule of Expenditures and Encumbrances (Budgetary Basis)-- Compared with AppropriationstGeneral Fund (continued) Year ended September 30, 2001 Public works Administration Streets Total public works Economic environment Neighborhood projects Total economic environment Culture and recreation Library Recreation Parks Total culture and recreation Total expenditures Other financing uses Operating transfers out: Component Unit Vehicle Service Fund Other funds Total other financing uses Total expenditures and other financing uses Expenditures Total Expenditures and Current Year Current Year Appropriations Unencumbered Encumbrances Encumbrances After Balance Outstanding Outstanding Revisions Lapsed 191,848 $ $ 191,848 $ 240,905 $ 49,057 989,162 989,162 1,107,842 118,680 1,181,010 1,181,010 1,348,747 167,737 185,191 19,535 204,726 261,944 57,218 185,191 19,535 204,726 261,944 57,218 1,568,720 447 1,569,167 1,573,637 4,470 2,445,452 34,959 2,480,411 2,492,764 12,353 2,914,573 39,463 2,954,036 3,097,493 143,457 6,928,745 74,869 7,003,614 7,163,894 160,280 39,154,689 365,773 39,520,462 41,521,469 2,001,007 192,529 192,529 (192,529) 1,041,948 1,041,948 1,069,500 27,552 87,523 87,523 395,320 307,797 1,322,000 1,322,000 1,464,820 142,820 $ 40,476,689 $ 365,773 $ 40,842,462 $ 42,986,289 $ 2,143,827 61 Special Revenue Funds Local Option Gas Tax Fund - To account for gas tax restricted for roadway programs. Reserve for Parks and Recreation Facilities Fund - To account for re, es collected from developers to be used by the city for acquisition or development of park and recreational land which will serve the City's residents. Community Improvement Fund - To account for revenues received from low income apartment complex PILOT - monies are used to assist residents in home improvements- Recreation Program Fund - To account for recreation program fees for all recreation programs. City of Boynton Beach, Florida Combining Balance Sheet--Special Revenue Funds September 30, 2001 Assets Equity in pooled cash and investments Other receivables Prepaid expenditures Liabilities and fund balance Liabilities: Accounts payable Escrow deposits Other payables Revenues collected in advance Total liabilities Fund balance: Reserved: Reserved for prepaid expenditures Reserved for encumbrances Unreserved: Designated for specific purposes and projects Designated for 2000/01 budget Total fund balance Total liabilities and fund balance Reserve for Local Parks and Option Recreation Community Recreation Gas Tax Facilities Improvements Program Fund Fund Fund Fund Total 587,037 $ 719,817 $ 445,754$ 531,764 $ 2,284,372 92,474 76 92,550 654 745 1,399 679,511 $ 719,817 $ 446,408 $ 532,585 $ 2,378,321 9 $ $ 17,703$ 6,412 $ 24,124 15,884 15,884 9 33,587 6,412 40,008 654 745 1,399 9,205 9,205 279,502 710,612 412,167 64,315 1,466,596 400,000 461,113 861,113 679,502 719,817 412,821 526,173 2,338,313 $ 679,511 $ 719,817 $ 446,408 $ 532,585 $ 2,378,321 62 City of Boynton Beach, Florida Combining Statement of Revenue, Expenditures and Changes in Fund Balance--Special Revenue Funds September 30, 2001 Revenue: Taxes Charges for services Developers' contributions Interest Miscellaneous Total revenue Expenditures: Current: Special projects Capital outlay Total expenditures Revenue over (under) expenditures Other financing sources (uses): Operating transfers in Operating transfers in - Component Unit Operating transfers out Revenue and other financing sources over expenditures and other uses Fund balance, October 1, 2000 Fund balance, September 30, 2001 Reserve for Local Parks and Option Recreation Community Recreation Gas Tax Facilities Improvements Program Fund Fund Fund Fund Total $ 1,118,914 $ $ $ $ 1,118,914 561,237 561,237 383,029 383,029 21,102 21,133 10,266 25,128 77,629 217,423 15,882 233,305 1,140,016 404,162 227,689 602,247 2,374,114 300 31,612 423,164 397,196 852,272 37,134 14,944 59,294 111,372 37,434 31,612 438,108 456,490 963,644 1,102,582 372,550 (210,419) 145,757 1,410,470 277,919 277,919 109,892 109,892 (804,700) (54,941) (859,641) (804,700) 387,811 (54,941) (471,830) 297,882 372,550 177,392 90,816 938,640 381,620 347,267 235,429 435,357 1,399,673 $ 679,502 $ 719,817 $ 412,821 $ 526,173 $ 2,338,313 63 City of Boynton Beach, Florida Combining Statement of Revenue and Expenditures--Budget and Actual--Local Option Gas Tax Fund, Community Improvements Fund and Recreation Program Fund Year ended September 30, 2001 Revenue: Taxes Charges for services Interest Miscellaneous Total revenue Expenditures Revenue over (under) expenditures Other financing sources (uses): Operating transfers in Operating transfers in - Component Unit Operating transfers out Expenditures and other uses (under) over revenue and other financing sources Local Option Gas Tax Fund Variance Favorable Budget Actual (Unfavorable) 1,025,000 $ 1,118,914 $ 93,914 10,000 21,102 11,102 1,035,000 1,140,016 105,016 280,300 37,434 242,866 754,700 1,102,582 347,882 (804,700) (804,700) (804,700) (804,700) - (50,000) 297,882 $ 347,882 Fund balance, October 1, 2000 Fund balance, September 30, 2001 Continued on next page. 381,620 $ 679,502 64 Community Improvements Fund Variance Recreation Program Fund Total Variance Variance Favorable Budget Actual (Unfavorable) Budget Ac~_ua! Favorable (Unfavorable) Budget Actual Favorable (Unfavorable) $ $ - $ 10,266 145,000 217,423 145,000 227,689 $ $ 544,125 561,237 10,266 12,000 25,128 72,423 15,882 82,689 556,125 602,247 $ 1,025,000 $ 1,118,914 $ 17,112 544,125 561,237 13,128 22,000 56,496 15,882 145,000 233,305 93,914 17,112 34,496 88,305 46,122 1,736,125 1,969,952 233,827 580,352 438,108 (435,352) (210,419) 142,244 482,323 456,490 224,933 73,802 145,757 25,833 1,342,975 932,032 410,943 71,955 393,150 1,037,920 644,770 445,743 277,919 109,892 (10,391) 435,352 387,811 (167,824) 109,892 10,391 (73,802) (54,941) (157,433) (73,802) (54,941) 177,392 $ 67,500 $ - 90,816 $ 235,429 $ 412,821 435,357 $ 526,173 445,743 277,919 (167,824) 109,892 109,892 18,861 (888,893) (859,641) 29,252 18,861 (443,150) (471,830) (28,680) 90,816 $ (50,000) 566,090 $ 616,090 1,052,406 $ 1,618,496 65 City of Boynton Beach, Florida Schedule of ExpenditureswBudget and Actualm Local Option Gas Tax Fund Year ended September 30, 2001 Special projects: Current operating Capital outlay: Street improvements Drainage improvements Railroad crossing upgrades Budget Actual Variance Favorable (Unfavorable) $ 3OO $ 3O0 $ 250,000 250,000 5,000 935 4,065 25,000 36,199 (11,199) 280,000 37,134 242,866 $ 280,300 $ 37~434 $ 242,866 66 City of Boynton Beach, Florida Schedule of Expenditures--Budget and Actual-- Community Improvements Fund Year ended September 30, 2001 Special projects: Community improvements Capital outlay: Community improvements Budget Actual $ 579,752 $ 423,164 Variance Favorable (Unfavorable) $ 156,588 600 14,944 (14,344) $ 580,352 $ 438,108 $ 142,244 67 City of Boynton Beach, Florida Schedule of Expenditures--Budget and Actual-- Recreation Program Fund Year ended September 30, 2001 Special projects: Culture/recreation Capital outlay: Cultu re/recreation Budget Actual $ 478,673 $ 397,196 3,65O 59,294 $ 482,323 $ 456~490 Variance Favorable (Unfavorable) $ 81,477 (55,644) $ 25,833 68 Debt Service Funds 1992 General Obligation Refunding Debt Service Fund - To account for the payment of principal., interest, and fiscal charges on the City's general obligation bonds which are payable from ad valorem tax revenues. 1993 Public Service Tax Debt Service Fund - To account for the payment of principal, interest, and fiscal charges on the City's special obligation bonds which are payable from public service tax revenues. City of Boynton Beach, Florida Combining Balance SheetmDebt Service Funds September 30, 2001 Assets Equity in pooled cash and investments Other receivables Total assets Liabilities and fund balance Liabilities: Due to other funds Fund balance: Reserved for debt service Total liabilities and fund balance 1992 General 1993 Obligation Public Refunding Service Tax Debt Service Debt Service Fund Fund Total $ 273,354 $ 1,468,056 $ 1,741,410 271 332,470 332,741 $ 273,625 $ 1,800,526 $ 2,074,151 $ - $ $ 273,625 1,800,526 2,074,151 $ 273~625 $ 1,800,526 $ 2,074,151 69 City of Boynton Beach, Florida Combining Statement of Revenue, Expenditures and Changes in Fund Balance--Debt Service Funds Year ended September 30, 2001 Revenue: Taxes Interest Total revenue Expenditures: Current: General government Debt service: Principal retirement Interest expense Total expenditures Revenue (under) over expenditures Other financing sources (uses): Operating transfer out Total other financing uses Revenue and other uses (under) over expenditures Fund balance, October 1, 2000 Fund balance, September 30, 2001 1992 General 1993 Obligation Public Refunding Service Tax Debt Service Debt Service Fund Fund Total $ 1,006,313 $ 3,507,121 $ 4,513,434 23,895 83,306 107,201 1,030,208 3,590,427 4,620,635 3,300 4,216 7,516 318,764 1,280,000 1,598,764 159,649 656,946 816,595 481,713 1,941,162 2,422,875 548,495 1,649,265 2,197,760 ..$ (1,600,000) (1,600,000) (1,600,000) (1,600,000) 548,495 49,265 597,760 (274,870) 1,751,261 1,476,391 273~625 $ 1,800~526 $ 2~074,151 70 City of Boynton Beach, Florida Combining Statement of Revenue, Expenditures and Changes in Fund Balance--Budget and Actual for Which Annual Budgets Have Been Legally Adopted--Debt Service Funds Year ended September 30, 2001 Revenue: Taxes Interest Total revenue Expenditures: Current: General government Debt service: Principal retirement Interest and fiscal charges Revenue (under) over expenditures Other financing sources (uses): Operating transfer out Total other financing uses Revenue and other uses (under) over expenditures Fund balance, October 1, 2000 Fund balance, September 30, 2001 Continued on next page. 992 General Obligation Debt Service Fund Budget Actual Variance Favorable (Unfavorable) 1,015,611 $ 1,006,313 $ (9,298) 39,985 23,895 (16,090) 1,055,596 1,030,208 (25,388) 3,550 3,300 250 735,000 318,764 416,236 317,046 159,649 157,397 1,055,596 481,713 573,883 - 548,495 548,495 $ 548,495 $ 548,495 (274,870) $ 273,625 71 1993 Public Service Tax Debt Service Fund Total Budget Actual Variance Favorable (Unfavorable) Budget Actual Variance Favorable (Unfavorable) $ 3,325,050 $ 3,507,121 $ 120,000 83,306 3,445,050 3,590,427 182,071 $ 4,340,661 $ 4,513,434 $ (36,694) 159,985 107,201 145,377 4,500,646 4,620,635 172,773 (52,784) 119,989 8,105 4,216 3,889 11,655 7,516 4,139 1,280,000 1,280,000 656,945 656,946 1,945,050 1,941,162 2,015,000 (1) 973,991 3,888 3,000,646 1,598,764 816,595 416,236 157,396 2,422,875 577,771 1,500,000 1,649,265 149,265 1,500,000 2,197,760 697,760 (1,500,000) (1,600,000) (1,500,000) (1,600,000) 49,265 $ 1,751,261 $ 1~800,526 (100,000) (1,500,000) (100,000) (1,500,000) 49~265 $ (1,6oo,ooo) (1,6oo,ooo) 597,760 $ 1,476,391 $ 2~074~151 (100,000) (lOO,OOO) 597,760 72 Enterprise Funds Water and Sewer Fund - To account for the operation and maintenance of the Water Department and the City's share of the Regional Wastewater Treatment Plant. Boynton Beach Recreational Facilities Fund - To account for the operation and maintenance of the municipal golf course. Sanitation Fund - To account for municipal sanitation collection and disposal services. Mass Transit Fund - To account for the operations of the municipal public transportation system. City of Boynton Beach, Florida Combining Balance Sheet--Enterprise Funds September 30, 2001 Assets Current assets: Cash and cash equivalents Equity in pooled cash and investments Investments Accounts receivable, net Other receivables Prepaid expenses Inventories Total current assets Boynton Beach Recreational Water and Facilities Sanitation Sewer Fund Fund Fund Mass Transit Fund 100 $ 1,528 $ - 48,406,684 728,855 93,157 1,000,000 1,366,749 4,167 356,251 491,824 24,905 2,045 1,125 65,261 89,494 2,299 51,290,262 801,856 450,533 91,793 Total 1,628 49,318 190 1,000 000 1,729 466 491 824 28 075 65 261 52,634 444 Restricted assets: Federal requirement--landfill escrow Bond requirements Capital improvements Customer deposits Renewal and replacement Total restricted assets 35,579 35,579 5,489,339 912,643 6,401,982 24,085,035 24,085,035 1,129,237 1,129,237 5,414,096 100,000 5,514,096 36,117,707 1,012,643 35,579 37,165,929 Other assets Deferred charges Investment in Regional Wastewater Treatment Plant Total other assets 413,319 34,267 447,586 19,600,626 19,600,626 20,013,945 34,267 20,048,212 Property, plant and equipment Less allowances for depreciation Total assets 162,655,548 5,765,315 506,283 8,083 168,935,229 (56,400,591) (3,034,891) (319,049) (6,971) (59,761,502) 106,254,957 2,730,424 187,234 1,112 109,173,727 $ 213,676,871 $ 4,579,190 $ 673,346 $ 92,905 $ 219,022,312 Continued on next page. 73 Liabilities and fund equity Current liabilities (payable from current assets): Accounts payable Accrued payroll Refundable deposits Current liabilities (payable from restricted assets): Accrued revenue bond interest Current portion of revenue bonds payable Contracts payable Customer deposits Current portion of landfill postclosure care Other liabilities: Compensated absences payable Revenue bonds payable, less current portion Unamortized bond discount Arbitrage rebate payable Landfill postclosure care, less current portion Total liabilities Fund equity: Contributed capital Retained earnings: Reserved for: Revenue bond debt service Renewal and replacement Unreserved Total fund equity Total liabilities and fund equity Boynton Beach Recreational Mass Water and Facilities Sanitation Transit Sewer Fund Fund Fund Fund Total 453,381 $ 57,475 $ 34,964 $ 82 $ 545,902 113,897 15,867 31,277 2,347 163,388 586,271 586,271 1,153,549 73,342 66,241 2,429 1,295,561 1,090,759 35,643 1,126,402 1,220,000 435,000 1,655,000 134,096 134,096 1,116,546 1,116,546 35,579 35,579 3,561,401 470,643 35,579 4,067,623 808,350 124,150 190,090 7,959 1,130,549 44,485,000 955,000 45,440,000 (890,419) (2,002) (892,421) 474,154 474,154 335,036 335,036 44,877,085 1,077,148 525,126 7,959 46,487,318 49,592,035 1,621,133 626,946 10,388 51,850,502 75,000,744 38,828 75,039,572 5,489,339 442,000 5,931,339 5,884,277 100,000 5,984,277 77,710,476 2,416,057 7,572 82,517 80,216,622 89,084,092 2,958,057 7,572 82,517 92,132,238 164,084,836 2,958,057 46,400 82,517 167,171,810 $ 213,676,871 $ 4,579,190 $ 673,346 $ 92,905 $ 219,022,312 74 City of Boynton Beach, Florida Combining Statement of Revenue, Expenses and Changes in Retained Earnings--Enterprise Funds Year ended September 30, 2001 Operating revenue: Charges for services: Water sales Service charges Water connection charges Sewer service Garbage fees Stormwater utility fees Transportation fees Dues Cart and green fees Rents and royalties Sale of merchandise Restaurant operations Total operating revenue Operating expenses Amortization Depreciation Depreciation on Regional Wastewater Treatment Plant Operating income (loss) Nonoperating revenue (expenses): Interest income Miscellaneous income Equity in joint venture Interest expense Fiscal agent's fees Income (loss) before contributions and operating transfers Capital contributions Operating transfers in (out): Operating transfers in Operating transfers out Net' income (loss) Depreciation on fixed assets acquired by contributed capital Retained earnings, October 1. 2000 Retained earnings. September 30, 2001 Boynton Beach Recreational Mass Water and Facilities Sanitation Transit Sewer Fund Fund Fund Fund 9,349,897 205.857 205,980 10,747,721 3,606,131 $ - $ $ $ 316.986 1.622,359 20,060 129,039 144,209 6,186,179 13,718 Total 9,349.897 205,857 205,980 10,747,721 6,186,179 3,606.131 13,718 316,986 1,622,359 20,060 129.039 144.209 24,115,586 2.232,653 6.186,179 13,718 32,548,136 12,911,451 1.841,257 4,877,376 203,498 19.833,582 32,482 32.657 65,139 4,465,184 233,342 70,046 433 4,769,005 782,031 782,031 18,191,148 2,107,256 4.947.422 203,931 25,449,757 5,924,438 125,397 1,238,757 (190,213) 7,098,379 4,863.842 96,297 32,012 3,608 4,995,759 229.766 134,570 323 9,807 374,466 297,266 297,266 (2,617,750) (87,603) (2,705,353) (5,236) (266) (5,502) 2.767,888 142,998 32,335 13,415 2.956,636 8,692,326 268.395 1.271,092 (176,798) 10,055,015 6.265,249 6.265.249 688.808 65,040 29,096 154.700 937.644 (3,661.601) (37.261) (1.949,143) (5,648,005) (2,972,793) 27,779 (1,920,047) 154,700 (4,710,361) 11.984,782 296,174 (648,955) (22.098) 11,609.903 1,413,984 1,413,984 75,685,326 2,661.883 656,527 104,615 79,108.351 $ 89,084.092 $ 2,958,057 $ 7.572$ 82,517 $ 92,132.238 75 City of Boynton Beach, Florida Combining Statement of Cash FloWS--Enterprise Funds Year ended September 30, 2001 Operating activities Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation Amortization Miscellaneous income Loss on disposal of property, plant and equipment Changes in operating assets and liabilities: Accounts receivable, net Other receivables Prepaid expenses Inventories Restricted assets Accounts payable Accrued payroll Refundable deposits Landfill postclosure care Contracts payable Customer deposits Compensated absences payable Net cash provided by (used in) operating activities Noncapital financing activities Operating transfers in Operating transfers out Net cash provided by (used in) noncapital financing activities Continued on next page. Boynton Beach Water and Recreational Mass Sewer Facilities Sanitation Transit Fund Fund Fund Fund $ 5,924,438 $ 125,397 $ 1,238,757 $ (190,213) $ 5,247,215 233,342 70,046 433 32,482 32,657 229,766 134,570 323 9,807 55,528 5,659 37,582 346 Total 7,098,379 5,551,036 65,139 374,466 99,115 589,754 (1,924) 109,556 768 698,154 1,019,350 1,019,350 (12,913) 168 (1,125) (13,870) (18,300) (18,300) (101,359) (101,359) 53,199 23,240 (79,873) 82 (3,352) 7,397 (2,177) 2,218 (535) 6,903 104,703 104,703 (35,579) (35,579) (774,733) (774,733) 38,612 38,612 9,677 11,865 37,517 (98) 58,961 12,423,116 544,497 1,379,422 (179,410) 14,167,625 688,808 65,040 29,096 154,700 937,644 (3,661,601) (37,261) (1,949,143) (5,648,005) (2,972,793) 27,779 (1,920,047) 154,700 (4,710,361) 76 City of Boynton Beach, Florida Combining Statement of Cash Flows--Enterprise Funds (continued) Year ended September 30, 2001 Capital and related financing activities Investment in Regional Wastewater Treatment Plant Acquisition of property, plant and equipment Bond issuance costs Principal payments on long-term debt Interest payments on long-term debt Payments for fiscal agent's fees Rebatable arbitage payable Contributions in aid of construction Net cash used in capital and related financing activities Investing activities Interest received on cash and short- term investments Net cash provided by investing activities Increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Classified as Unrestricted assets Restricted assets Boynton Beach Water and Recreational Mass Sewer Facilities Sanitation Transit Fund Fund Fund Fund Total (250,517) $ $ $ $ (250,517) (8,810,030) (383,059) (32,654) (9,225,743) (52,823) (52,823) (5,000) (415,000) (420,000) (2,617,963) (97,892) (2,715,855) (5,236) (266) (5,502) 474,158 474,158 6,265,249 6,265,249 (5,002,162) (896,217) (32,654) - (5,931,033) 4,863,842 96,297 32,012 3,608 4,995,759 4,863,842 96,297 32,012 3,608 4,995,759 9,312,003 (227,644) (541,267) (21,102) 8,521,990 74,742,307 1,970,670 670,003 110,596 77,493,576 $ 84,054,310 $ 1,743,026 $ 128,736 $ 89,494 $ 86,015,566 $ 48,406,784 $ 730,383 $ 93,157 $ 89,494 $ 49,319,818 35,647,526 1,012,643 35,579 36,695,748 $ 84,054,310 $ 1,743,026 $ 128,736 $ 89,494 $ 86,015,566 77 City of Boynton Beach, Florida Schedule of Operating Expenses--Enterprise Funds Year ended September 30, 2001 Sanitation Transportation Administration Maintenance Restaurant Customer relations Public water operations Public water maintenance Water distribution Sewage collection Utility pumping stations Sewage treatment plant Stormwater utilities General administration Water quality Utility construction Utility administration Nonbudgeted expense Bad debts, net of recoveries Total operating expenses Boynton Beach Water and Recreational Mass Sewer Facilities Sanitation Transit Fund Fund Fund Fund Total $ $ $ 4,888,980 $ $ 748,039 2,642,447 737,138 1,803,392 1,143,622 1,561,442 1,367,010 460,715 23,726 327,097 298,554 1,367,629 170,166 260,474 883,520 730,468 221,881 6,389 $ 12,911,451 $ 1,841,258 3,190 (14,794) $ 4,877,376 203,498 4,888,980 203,498 883,520 730,468 221,881 748,039 2,642,447 737,138 1,803,392 1,143,622 1,561,442 1,367,010 460,715 23,726 327,097 298,554 1,367,629 178,745 245,680 $ 203,498 $ 19,833,583 78 City of Boynton Beach, Florida Schedule of Changes in Property, Plant and Equipment--Enterprise Funds Year ended September 30, 2001 Water and Sewer Fund: Water department: Land Buildings Lines Equipment Wells Improvements Construction in progress Cost Balance, Balance, October 1, Deductions/ September 30, 2000 Additions Transfers 2001 $ 2.449.897 $ $ (7.779)$ 2.442.118 38.585.102 5.873.748 (3.510) 44.455.340 37.108.919 1.646.784 (77.160) 38.678.543 5.753.671 1.217.724 6.971.395 9.550.160 9.550.160 3.300.462 3.300.462 301.466 2.509.631 (2.019.491) 791.606 97.049.677 11.247.887 (2.107.940) 106.189.624 Sewer department: Land Lines Equipment Buildings Improvements Construction in progress 174.871 174.871 34.681.943 1.251.512 (1.981) 35.931.474 11.515.599 88.409 (30.966) 11.573.042 1.724.799 919.818 (11.515) 2.633.102 4.326.698 4.326.698 3.820.512 3.110.844 (5.880.899) 1.050.457 56.244.422 5.370.583 (5.925.361) 55.689.644 General: Equipment 715.907 91.950 (31.577) 776.280 154.010.006 16.710.420 (8.064.878) 162.655.548 Boynton Beach Recreational Facilities Fund: Golf course: Land Buildings Improvements Equipment Construction in progress 1.356.467 1.356.467 594.156 (2.242) 591.914 2.113.581 2.800 (7.203) 2.109.178 1.390.542 264.459 (143.026) 1.511.975 79.981 115.800 195.781 5.534.727 383.059 (152.471) 5.765.315 Sanitation Fund: Equipment 653.746 32.654 (180.117) 506.283 Mass Transit Fund: Equipment 8.659 (576) 8.083 $ 160~2071138 $ 17,126.133 $ (81398~042) $ 168,935~229 Continued on next page. 79 Accumulated Depreciation Balance, Balance, Net October 1, September 30, Book 2000 Additions Deductions 2001 Value $ $ $ $ 2.442.118 8.230.913 1.133.845 (3.412) 9.361.346 35.093.994 9.507.639 550.413 10.058.052 28.620.491 4.165.637 238.864 (52.543) 4.351.958 2.619.437 6.103.984 506.444 6.610.428 2.939.732 736.648 622.819 (811) 1.358.556 1.941.906 791.606 28.744.721 3.052.385 (56.766) 31.740.340 74.449.284 174.871 11.121.765 701.255 11.823.020 24.108.454 10.493.952 190.361 (23.722) 10.660.591 912.451 227.215 128.703 (661) 355.257 2.277.845 995.425 312.186 305 1.307.916 3.018.782 1.050.457 22.838.357 1.332.505 (24.078) 24.146.784 31.542.860 461.289 80.294 (28.116) 513.467 262.813 52.044.367 4.465.184 (108.960) 56.400.591 106.254.957 1.356.467 242.376 16.955 (883) 258.448 333.466 1.547.621 114.415 (5.601) 1.656.435 452.743 1.158.364 101.972 (140.328) 1.120.008 391.967 195.781 2.948.361 233.342 (146.812) 3.034.891 2.730.424 391.538 70.046 (142.535) 319.049 187.234 6.768 433 (230) 6.971 1.112 $ 55,391,034 $ 4,769,005 $ (398,537) $ 59,761~502 $ 109,173,727 80 City of Boynton Beach, Florida Schedule of Revenue Bonds and Accrued Interest Payable--Enterprise Funds September 30, 2001 Water and Sewer Fund: Water and Sewer Revenue Bond Issue of 1992 Water and Sewer Revenue Bond Issue of 1996 Boynton Beach Recreational Facilities Fund: Recreational Facilities Revenue Bond Issue of 1991 Total revenue bonds and accrued interest payable Accrued Unmatured Debt, Interest September 30~ 2001 Payable, Due Within Due After September 30, Total One Year One Year 2001 22,635,000 $ 5,000 $ 22,630,000 $ 589,417 23,070,000 1,215,000 21,855,000 501,342 1,390,000 435,000 955,000 35,643 $ 47,095,000 $ 1,655~000 $ 45,440~000 $ 1~126,402 81 Internal Service Funds I~ehicle Service Fund - To account for the maintenance of City vehicles on a day-to-day basis and to purchase new and replacement wehicles for City departments. Self Insurance Fund - To account for workers' compensation claims for City employees and general and automotive liability claims. Warehouse Fund - To account for inventory and disbursement of commodities purchased in bulk. City of Boynton Beach, Florida Combining Balance Sheet--Internal Service Funds September 30, 2001 Assets Current assets: Cash and cash equivalents Equity in pooled cash and investments Investments Accounts receivable Other receivables Due from other funds Prepaid expenses Inventories Total current assets Property, plant and equipment, net Total assets Liabilities and fund equity Current liabilities: Accounts payable Accrued payroll Provision for insurance losses Due to other funds Total current liabilities Other liabilities: Provision for insurance losses Compensated absences payable Total liabilities Fund equity: Contributed capital Unreserved retained earnings Total fund equity Total liabilities and fund equity Vehicle Self Service Insurance Warehouse Fund Fund Fund Total $ 30,000 $ $ 30,000 2,956,386 2,219,269 500,000 5,175,655 4,950 500,000 25,758 4,95O 490,130 25,758 108,118 490,130 24,299 108,118 3,475,765 ---'-'--------'- 578,759 -- 603,058 2,883,145 578,759~ 7,945,448 28,245 7 97 v~,vv~ ~ 14,911 362 25,127 $ 32,143 8,262 1,463 859,476 33,389--"--"--893,082 17,504 $ 74,774 2,796 12,521 859,476 490,130 490,130 510,430 1,436,901 2,852,667 3,037 3 75 ...... 919 , w,oo/ 527,146 4,394,820 74,498 11,233,678 /871 4^''' 74,498 ~ ~'~,~;',;~,7, ~, _ _o_~,,,~z 79,858-- 10, , $ 11 421~~'~ 1~5~ ~ ooo,~ ~ 607,004 $ 14,911,362 82 City of Boynton Beach, Florida Combining Statement of Revenue, Expenses and Changes in Retained Earnings--Internal Service Funds Year ended September 30, 2001 Vehicle Self Service Insurance Warehouse Fund Fund Fund Total Operating revenue: Charges for services Operating expenses: Operating Depreciation Operating income (loss) Nonoperating revenue: Interest income Miscellaneous income Income (loss) before operating transfers Operating transfers in (out): Operating transfers in Operating transfers out Net income (loss) Retained earnings, October 1, 2000 Retained earnings, September 30, 2001 $ 2,165,749 $ 777,292 $ 230,064 $ 3,173,105 1,988,282 3,828,435 211,790 6,028,507 1,954,357 3,405 1,957,762 3,942,639 3,828,435 215,195 7,986,269 (1,776,890) (3,051,1---'43) 14,869 (4,813,164) 123,545 398,366 521,911 158,706 30,567 9,306 198,579 282,251 428,933 9,306 720,490 (1,494,639) (2,622,210) 24,175 (4,092,674) 2,641,027 2,641,027 17,392 8,000 25,392 1,146,388 (2,639,602) 16,175 (1,477,039) 10,087,290 1,768,___.110 63,683 11,919,083 $ 11 233,678 $ 871,492$ 79 858 $ 10,442 044 83 City of Boynton Beach, Florida Combining Statement of Cash Flows-- Internal Service Funds Year ended September 30, 2001 Operating activities Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation Miscellaneous income Loss on disposal of property, plant and equipment Changes in operating assets and liabiJities: Accounts receivable Other receivables Due from other funds Prepaid expenses Inventories Accounts payable Accrued payroll Due to other funds Other payables Provision for insurance losses Compensated absences payable Net cash provided by (Used in) operating activities Noncapital financing activities Operating transfers in Operating transfers out Net cash provided by (Used in) noncapital financing activities Capital and related financing activity Acquisition of Property, plant and equipment Net cash used in capital and related financing activity Investing activity Interest received on cash and short-term investments Net cash Provided by investing activity Increase (decrease) in cash and cash equivalents Cash, cash equivalents, equity in pooled cash and investments balances, October 1, 2000 Cash, cash equivalents, equity in pooled cash and investments balances, September 30, 2001 Vehicle Self Service Insurance Warehouse Fund Fund Fund Total (1,776,890) $ (3,051,143) $ 14,869 $ (4,813,164) 1,954,357 158,706 30,567 3,405 1,957,762 41,085 9,306 198,579 47 41,132 (2,950) (3,047) (2,950) (53,550) (3,047) 234,454 (103,332) (53,550) 3,962 131,122 (26,087) (22,125) (114,020) (69,933) (17,338) (201,291) 1,684 (352) 82 1,414 53,550 53,550 799,265 16,589 1,247 799,265 463,427 (2,396,728) 37 ~' 17,836 ,o..~ (1,895,467) 2,641,027 2,641,027 2,641,027 (17,392) (8,000) (25,392) (17,392) (8,000) 2,615,635 ('3,021,702) '29 834' (3,021,702) ~ ' ) (3,051,536) (29,834) (3,051,536) !~,545 398,366 521,911 123,545~---~8,366 521,911 206,297 (2,015,754) (1,809,45~ 2,750,089 4,265,023 7,015,112 $ 2,956,386 $ 2,249,269 $ ' $ 5205655 84 Trust and Agency Funds Pension Trust Funds - to account for the accumulation of contributions to the General Employees Pension Plan, the Police Pension Plan, and the Firefighters Pension Plan. Contributions are to be used for retirement benefit payments to City employees. Contributions from employees are at rates fixed by City ordinances. Contribution from the City is an amount determined by an annual actuarial valuation. Expendable Trust Funds . Miscellaneous Trust Fund - To account for assets held in trust which are restricted to expenditures for specific purposes. · Boynton Beach Memorial Park Fund - To account for the operations of the City's cemetery. City of Boynton Beach, Florida Combining Balance SheetmTrust and Agency Funds September 30, 2001 Assets Cash and cash equivalents Equity in pooled cash and investments Investments Interest and dividend receivable Other receivables Total assets Liabilities Liabilities: Accounts payable Refundable deposits Total liabilities Fund Balance: Reserved for net assets held in trust for pension benefits Unreserved: Designated for special purposes and projects Undesignated Total fund balance Total liabilities and fund balance Pension Trust Expendable Funds Trust Funds Total 9,300,619 $ 314,196 $ 9,614,815 3,472,173 3,472,173 112,107,917 938,328 113,046,245 682,206 25,591 707,797 513,352 13,489 526,841 $122,604,094 $ 4,763,777 $127,367,871 $ 110,157 $ 20,757 $ 130,914 2,573 2,573 110,157 23,330 133,487 122,493,937 122,493,937 878,103 878,103 3,862,344 3,862,344 122,493,937 4,740,447 127,234,384 $122~604,094 $ 4~763~777 $127~367,871 85 City of Boynton Beach, Florida Combining Statement of Plan Net Assets--Pension Trust Funds September 30, 2001 Assets Cash and cash equivalents Investments Interest and dividend receivable Other receivables Total assets Liabilities Liabilities: Accounts payable Net assets held in trust for pension benefits Police Firefighters Retirement Pension Pension Trust Fund Fund Fund Total 4,001,818 $ 2,343,284 $ 2,955,517 $ 9,300,619 54,923,431 27,690,229 29,494,257 112,107,917 324,814 130,560 226,832 682,206 52,797 334,674 125,881 513,352 59,302,860 30,498,747 32,802,487 122,604,094 36,334 43,005 30,818 110,157 $ 59~266~526 $30,455~742 $ 32~771,669 $122~493,937 86 City of Boynton Beach, Florida Combining Statement of Changes in Plan Net Assets--Pension Trust Funds Year ended September 30, 2001 Additions: Contributions: Employer Plan members State Total contributions Investment income: Net (depreciation) appreciation in the fair market value of investments (realized and unrealized) Interest Dividends Miscellaneous Less investment expenses Custodian fees Net investment income Total additions Deductions: Benefits Refunds of contributions Other operating expenses Net increase (decrease) Net assets held in trust for pension benefits, October 1, 2000 -as restated Net assets held in trust for pension benefits, September 30, 2001 Police Firefighters Retirement Pension Pension Trust Fund Fund Fund Total 686,733 $ 312,072 $ 80,559 $ 1,079,364 1,396,017 471,624 360,004 2,227,645 461,661 384,640 846,301 2,082,750 1,245,357 825,203 4,153,310 (8,200,667) (4,168,512) (4,004,344) (16,373,523) 1,655,927 829,090 1,013,791 3,498,808 398,680 282,583 233,145 914,408 8,685 8,685 (6,137,375) (3,056,839) (2,757,408) (11,951,622) 248,302 149,130 144,548 541,980 (6,385,677) (3,205,969) (2,901,956) (12,493,602) (4,302,927) (1,960,612) (2,076,753) (8,340,292) 2,076,808 1,559,869 1,465,000 5,101,677 374,144 75,956 13,371 463,471 43,455 76,087 75,389 194,931 2,494,407 1,711,912 1,553,760 5,760,079 (6,797,334) (3,672,524) (3,630,513) (14,100,371) 66,063,860 34,128,266 36,402,182 136,594,308 $ 59,266,526 $30,455,742 $ 32,771~669 $122,493,937 87 City of Boynton Beach, Florida Combining Balance Sheet--Expendable Trust Funds September 30, 2001 Assets Cash and cash equivalents Equity in pooled cash and investments Investments Interest and dividend receivable Other receivables Total assets Liabilities and fund balance Liabilities: Accounts payable Refundable deposits Total liabilities Fund balance: Reserved: Reserved for encumbrances Unreserved: Designated for special purposes and projects Undesignated Total fund balance Total liabilities and fund balance Boynton Beach Miscellaneous Memorial Trust Park Fund Fund Total $ 314,196 $ $ 314,196 2,571,137 901,036 3,472,173 938,328 938,328 25,591 25,591 13,225 264 13,489 $ 3,862,477 $ 901,300 $4~763,777 $ 133 $ 20,624 $ 20,757 2,573 2,573 133 23,197 23,330 878,103 878,103 3,862,344 3,862,344 3,862,344 878,103 4,740,447 $ 3,862,477 $ 901~300 $4,763,777 88 City of Boynton Beach, Florida Combining Statement of Revenue, Expenditures and Changes in Fund Balance--Expendable Trust Funds Year ended September 30, 2001 Revenue: Interest Sale of crypts, lot sales and equipment rental Fines and forfeitures Donations Charges for services Miscellaneous Total revenue Expenditures: Current: General government Public safety Public works Culture and recreation Total expenditures Revenue over expenditures Other financing uses: Operating transfers out Revenue over expenditures and other uses Fund balance, September 30, 2000 Fund balance, September 30, 2001 Boynton Beach Miscellaneous Memorial Trust Park Fund Fund Total 198,995 $ 39,203 135,012 170,359 272,635 211,321 12,034 238,198 135,012 170,359 272,635 211,321 12,034 334,007 705,552 1,039,559 105,450 154,314 259,764 177,152 177,152 23,708 23,708 191,076 191,076 105,450 546,250 651,700 228,557 159,302 387.859 (55,000) (28,760) (83,760) (55,000) (28,760) (83,760) 173,557 130,542 304,099 3,688,787 747,561 4,436,348 $ 3,862,344 $ 878~103 $4~740~447 89 General Fixed Assets Account Group To ac.count for fixed assets not used in proprietary fund operations or accounted for in trust funds. City of Boynton Beach, Florida Schedule of General Fixed Assets--By Source September 30, 2001 General fixed assets: Land Buildings and improvements Equipment Total general fixed assets Investment in general fixed assets from: Capital project funds: Federal grants State grants County grants General Fund revenue Special Revenue Fund revenue Utility Fund Miscellaneous Trust Fund Capital Improvement Fund Assets acquired prior to October 1, 1984 Total investment in general fixed assets $ 3,194,963 40,700,841 14,251,843 $ 58,147,647 $ 1,466,774 3,226,243 1,530,336 8,961,353 19,026,326 12,231 72,905 16,538,131 50,834,299 7,313,348 $ 58,147,647 90 City of Boynton Beach, Florida Schedule of General Fixed Assets--By Function and Activity September 30, 2001 General government Legislative: City commission Executive: City manager City clerk Finance administration: Finance Citizen services Information technology services Purchasing Human Resources Community redevelopment Law: City attorney Planning and zoning: City planner Other general government: Facilities management City Hall Risk management Communications Pensions Warehouse City Hall at the Mall Total general government Continued on next page. Buildings and Land ~ements E._~_pment Total 25,536 644,596 665,166 3,315 55,844 20,570 23,599 8,112 283,622 6,445,492 2,688 890,982 5,800 2,855 11,565 68,969 39,522 15,802 2,137,174 15,932 70,001 32,494 16,690 185,555 87,734 1,427,227 51,897 2,428,454 51,617 47,609 7,744,990 6,691,097 2,855 37,101 68,969 39,522 15,802 2,140,489 15,932 125,845 76,663 24,802 185,555 371,356 8,517,315 54,585 3,319,436 51,617 47,609 5,800 15,101,253 91 City of Boynton Beach, Florida Schedule of General Fixed Assets--By Function and Activity (continued) September 30, 2001 Land Buildings and Improvements Equipment Total Public safety Police Fire Protective inspection and permits Occupational licenses Codes enforcement Animal control Facilities Total public safety $ 1,960,288 1,999,074 1,462,395 6,945 92,209 92,209 2,327,824 $ 4,288,112 1,032,543 3,031,617 211,392 1,673,787 11,513 11,513 42,525 49,470 5,253 5,253 1,227,775 1,711 1,321,695 6,656,477 3,632,761 10,381,447 Public works Administration Parking garage Streets Total public works 1,762,771 19,1'21 1,781,892 684,821 684,821 7,174,503 191,236 7,365,739 9,622,095 210,357 9,832,452 Culture and recreation Library Day care center Recreation Parks Total culture and recreation Total general fixed assets 2,437,588 2,437,588 $ 3~194,963 3,281,628 150,072 8,080,773 5,164,806 16,677,279 $ 40,7007841 2,378,379 5,660,007 150,072 678,307 8,759,080 660,942 8,263,336 3,717,628 22,832,495 14~251~843 $ 58,147~647 92 City of Boynton Beach, Florida Schedule of Changes in General Fixed Assets-- By Function and Activity Year ended September 30, 2001 General government Legislative: City commission Executive: City manager City clerk Finance administration: Finance Customer relations Information technology services Purchasing Human resources Community improvement Law: City attorney Planning and zoning: City planner Other general government: Facilities management City Hall Risk management/insurance Communications Pensions Warehouse City Hall at the Mall Total general government Continued on next page. General Fixed Assets, September 30, 2000 Additions Deductions General Fixed Assets, September 30, 2001 2,855 51,258 64,981 35,553 15,802 1,889,223 21,592 128,110 76,682 26,755 193,335 349,114 7,014,698 57,344 3,859,657 51,617 47,609 5,800 13,891,985 - $ 5,335 (19,492) 6,243 (2,255) 7,535 (3,566) 314,033 (62,767) (5,660) 5,019 (7,284) 4,123 (4,142) (1,953) 21,538 (29,318) 41,472 (19,230) 1,532,970 (30,353) (2,759) 933,566 (1,473,787) 2,871,834 (1,662,566) 2,855 37,101 68,969 39,522 15,802 2,140,489 15,932 125,845 76,663 24,802 185,555 371,356 8,517,315 54,585 3,319,436 51,617 47,609 5,800 15,101,253 93 City of Boynton Beach, Florida Schedule of Changes in General Fixed Assetsm By Function and Activity (continued) Year ended September 30, 2001 General Fixed Assets, September 30, 2000 Additions Deductions General Fixed Assets, September 30, 2001 Public safety Police Fire Protective inspection and permits Occupational licenses Codes enforcement Animal control Facilities Total public safety 4,106,437 $ 431,102 $ (249,427) 2,877,293 284,291 (129,967) 1,431,626 290,080 (47,919) 12,280 (767) 67,405 (17,935) 6,405 (1,152) 1,321,695 9,823,141 1,005,473 (447,167) 4,288,112 3,031,617 1,673,787 11,513 49,470 5,253 1,321,695 10,381,447 Public works Administration Parking garage Streets Total public works 1,781,237 1,800 (1,145) 1,781,892 684,821 684,821 6,733,081 652,017 (19,359) 7,365,739 9,199,139 653,817 (20,504) 9,832,452 Culture and recreation Library Day care center Recreation Parks Total culture and recreation Total general fixed assets 5,311,163 375,942 (27,098) 5,660,007 150,072 150,072 8,473,328 327,687 (41,935) 8,759,080 8,194,583 104,854 (36,101) 8,263,336 22,129,146 808,483 (105,134) 22,832,495 55,043,411 $ 5,339,607 $(2,235,371) $ 58,147,647 94 General Long Term Debt Account Group General Obligation Bonds - Revenues pledged for repayment from ad valorem taxes and public service tax revenue. Water and Sewer Fund Revenue Bonds and Recreational Facilities Revenue Bonds - Bonds are specific fund liabilities of the enterprise funds and are recorded as liabilities of those funds. Community Redevelopment Agency (Component Unit) Note Payable - The note payable is a specific liability of the component unit and is recorded as a liability of that fund. City of Boynton Beach, Florida Summary Schedule of Debt Service Requirements to Maturity Fiscal Year Ending September 30~ 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 General Obligation Bonds & Notes Revenue Bonds 3,228,113 $ 3,321,439 3,321,126 3,230,236 2,795,428 2,461,946 1,406,165 1,404,687 1,290,828 1,185,537 317,299 317,298 317,298 317,298 317,298 .$ 25,231~996 $ 4,317,120 4,306,857 4,315,304 4,042,438 4,043,829 4,044,112 4,033,118 4,029,656 4,028,888 4,015,957 4,015,382 4,017,657 3,765,719 3,758,750 3,747,578 3,746,452 3,744,453 3,736,094 3,730,735 3,727,469 79~167~568 Total Requirements $ 7,545,233 7,628,296 7,636,430 7,272,674 6,839,257 6,506,058 5,439,283 5,434,343 5,319,716 5,201,494 4,332,681 4,334,955 4,083,017 4,076,048 4,064,876 3,746,452 3,744,453 3,736,094 3,730,735 3,727,469 $ 104,399,564 95 City of Boynton Beach, Florida Summary Schedule of Promissiory Notes and Special Revenue Bonds Debt Service Requirements to Maturity Fiscal Year Ending September 30r 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Component Unit Community Redevelopment Total Agency Promissory Public Primary Promissory Note Service Tax, Government Note 2000 Series 1993 Requirements 2001 $ 979,376 $ 1,931,439 $ 3,228,113 $ 1,073,709 1,930,432 3,321,439 1,079,321 1,924,507 3,321,126 984,453 1,928,485 3,230,236 551,291 1,926,838 2,795,428 225,243 1,919,405 2,461,946 223,771 865,096 1,406,165 221,803 865,585 1,404,687 110,192 863,338 1,290,828 868,238 1,185,537 317,299 317,298 317,298 317,298 317,298 317 298 317 298 317 298 317,298 317,299 317298 317 298 317 299 317 298 317 299 317 299 317,298 317,298 317,298 317,298 Total Reporting Entity Requirements $ 3,545,411 3,638,737 3,638,424 3,547,534 3i~12;727 2,779,244 1,723,463 1,721,986 1,608,126 1,502,836 634,598 634,596 634,596 634,596 634,596 $ 5,449,159 $ 15,023,363 $ 23~645,505 $ 4,759~474 $ 29~991~470 96 City of Boynton Beach, Florida Community Redevelopment Agency Schedule of Promissory Note Dated September 20, 2001 Fiscal Year Ending September 30, Principal Interest 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 March 20 September 20 March 20 September 20 Total 60,249 $ 62,225 $ 98,400 $ 96,424 64,266 66,374 94,383 92,275 68,551 70,800 90,098 87,849 73,122 75,520 85,527 83,129 77,998 80,556 80,652 78,093 83,198 85,927 75,451 72,722 88,745 91,656 69,904 66,993 94,663 97,767 63,987 60,882 100,974 104,286 57,675 54,363 107,707 111,240 50,942 47,410 114,888 118,657 43,761 39,993 122,548 126,568 36,101 32,081 130,719 135,007 27,930 23,642 139,435 144,009 19,214 14,640 148,732 153,613 9,917 5,036 1,475,795 $ 1,524,205 $ 903,942 $ 855,532 $ 317,298 $ 317,298 317,298 317,298 317,299 317.298 317 298 317 299 317 298 317.299 299 298 298 298 298 474 317 317 317 317 317 $ 4,759 Balance Outstanding At End of Fiscal Year 4,442,176 4,124,878 3,807,580 3,490,282 3,172,983 2,855,685 2,538,387 2,221,088 1,903,790 1,586,491 1,269,192 951,894 634,596 317,298 Interest Rate 6.56% 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 97 City of Boynton Beach, Florida Schedule of Promissory Note Dated September 15, 2000 Fiscal Year Ending September 30, Principal Interest November I May I November I May 1 Total Balance Outstanding At End of Fiscal Year Interest Rate 2002 $ 318,764 430,689 2003 430,689 454,174 2004 454,174 482,027 2005 482,027 407,763 2006 407,763 92,350 2007 92,350 99,178 2008 99,178 100,820 2009 100,820 107,452 2010 107,452 $ $ 119 O26 $ 99 914 77 351 53 477 30 788 18 035 13 151 8,051 2,740 110 88 65 41 20 390 15 680 10 622 5,480 897 $ 979,376 $ 9,033,647 932 1,073,709 10,112,968 769 1,079,321 11,097,421 186 984,453 11,648,712 551,291 11,873,955 225,243 12,097,726 223,771 12,319,529 221,803 12,429,721 110,192 $ 2,493,217 $ 2,174,453 $ 422,533 $ 358,956 $ 5,449,159 5.10% 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 98 City of Boynton Beach, Florida Schedule of Public Service Tax Refunding Revenue Bonds, Series 1993 Fiscal Year Ending September 30~ 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Principal Interest November I November I May 1 Total $ 1,335,000 $ 314,073 $ 282,366 $ 1,931,439 1,400,000 282,366 248,066 1,930,432 1,465,000 248,066 211,441 1,924,507 1,545,000 211,441 172,044 1,928,485 1,625,000 172,044 129,794 1,926,838 1,705,000 129,794 84,611 1,919,405 715,000 84,611 65,485 865,096 755,000 65,485 45,100 865,585 795,000 45,100 23,238 863,338 845,000 23,238 868,238 $12,185,000 $ 1,576~218 $ 1,262,145 $ 15,023,363 Balance Outstanding At End of Fiscal Year Interest Rate $13,091,924 11,161 492 9,236,985 7,308 500 5,381 662 3,462 257 2,597 161 1,731 576 868 238 4.75% 4.90 5.00 5.10 5.20 5.30 5.35 5.40 5.50 5.50 99 Fiscal Year Ending September 30 2OO2 2003 2OO4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 City of Boynton Beach, Florida Summary Schedule of Revenue Bond Debt Service Requirements to Maturity Utility Utility Recreational System, System, Facilities, Series 1996 Series 1992 Series 1991 $ 2,390,277 $ 2,382,605 2,385,958 2,623,858 2,625,553 2,626,145 2,615,462 2,612,312 2,611,856 2,599,238 2,598,976 2,601,563 165 406 159219 157 891 161 140 163 829 161 094 158 078 164,500 Total Requirements $ 1,419,457 507,386 $ 4,317,120 1,419,170 505,082 4,306,857 1,418,878 510,468 4,315,304 1,418,580 4,042,438 1,418,276 4,043,829 1,417,967 4,044,112 1,417,656 4,033,118 1,417,344 4,029,656 1,417,032 4,028,888 1,416,719 4,015,957 1,416,406 4,015,382 1,416,094 4,017,657 3,600,313 3,765,719 3,599,531 3,758,750 3,589,687 3,747,578 3,585,312 3,746,452 3,580,624 3,744,453 3,575,000 3,736,094 3,572,657 3,730,735 3,562,969 3,727,469 $ 31,964,960 $ 45,679,672 $ 1,522,936 $ 79~167~568 100 City of Boynton Beach, Florida Schedule of Utility System Revenue Bonds, Series 1996 Fiscal Year Ending Principal Interest September 30, November 1 November 1 Balance Outstanding At End of Interest May 1 Total Fiscal Year Rate 2O02 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 $ 1,215,000 $ 1,265 000 1,330 000 1,640 000 1,725 000 1,815 000 1,900000 2,000 000 2,110 000 2,215 000 2,340,000 2,475,000 110,000 110,000 115,000 125,000 135,000 140,000 145,000 601,611 $ 573,666 543,939 512 019 471 839 428 714 382 431 333031 279,281 222 575 161B63 97,313 29,250 26,156 23,063 19,828 16,313 12,516 8,578 160,000 4,500 164,500 ..$ 23,070,000 $ 4,748,286 $ 4,146,674 $ 31,964,960 573,666 $ 2,390,277 $ 29,574.683 4.600% 543,939 2,382,605 512,019 2,385,958 471,839 2,623,858 428,714 2,625,553 382,431 2,626,145 333,031 2,615,462 279,281 2,612,312 222,575 2,611,856 161,663 2,599,238 97,313 2,598,976 29,250 2,601,563 26,156 165,406 23,063 159,219 19,828 157,891 16,312 161,140 12,516 163,829 8,578 161,094 4,500 158,078 27,192 078 4.700 24,806 120 4.800 22,182 262 4.900 19,556 709 5.000 16,930 564 5.100 14,315 102 5.200 11,702 790 5.375 9,090 934 5.375 6,491,696 5.500 3,892,720 5.500 1,291,157 5.625 1,125,751 5.625 966,532 5.625 808,641 5.625 647,501 5.625 483,672 5.625 322,578 5.625 164,500 5.625 5.625 101 City of Boynton Beach, Florida Schedule of Utility System Revenue Bonds, Series 1992 Fiscal Year Ending September 30, Principal Interest November 1 November 1 May I Total Balance Outstanding At End of Fiscal Year 2OO2 2003 20O4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 $ 5,000 $ 707,300 $ 5,000 707,157 5,000 707,013 5,000 706,865 5,000 706,715 5,000 706,561 5,000 706,406 5,000 706,250 5,000 706,094 5,000 705,938 5,000 705,781 5,000 705,625 2,260,000 705,469 2,405,000 634,844 2,550,000 559,687 2,710,000 480,000 2,880,000 395,312 3,060,000 305,312 3,255,000 209,688 3,455,000 107,969 707 157 707 013 706 865 706 715 706 561 706 406 706 250 706,094 705,938 705,781 705,625 705,469 634,844 559,687 480,000 395,312 305,312 209,688 107,969 $ 1,419,457 1,419,170 1,418,878 1,418,580 1,418,276 1,417,967 1,417,656 1,417,344 1,417,032 1,416,719 1,416,406 1,416,094 3,600,313 3,599,531 3,589,687 3,585,312 3,580,624 3,575,000 3,572,657 3,562,969 $ 22,635,000 $ 11,875,986 $ 11,168,686 $ 45,679,672 $ 44,260,215 42,841,045 41,422,167 40,003,587 38,585,311 37,167,344 35,749,688 34,332,344 32,915,312 31,498,593 30,082,187 28,666,093 25,065,780 21,466,249 17,876,562 14,291,250 10,710,626 7,135,626 3,562,969 Interest Rate 5.70 % 5.80 5.90 6.00 6.15 6.20 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 102 City of Boynton Beach, Florida Schedule of Recreational Facilities Refunding Revenue Bonds, Series 1991 Fiscal Year Ending September 30, Principal Interest November 1 November 1 May 1 2O02 2003 2004 435,000 $ 42,772 $ 29,614 460,000 29,613 15,469 495,000 15,468 $ 1,390,000 $ 87,853 $ 45,083 $ Total Balance Outstanding At End of Fiscal Year Interest Rate 507,386 505,082 510,468 1,522,936 $ 1,015,550 510,468 6.05 % 6.15 6.25 103 Statistical Section City of Boynton Beach, Florida General Fund Revenue by Source and Operating Transfers InmBudgetary BasismUnaudited Last Ten Fiscal Years Fiscal Year Ended September 30 Taxes Licenses and Permits Inter- Governmental Charges for Services Fines and Forfeitures 1992 $ 18,230,565 1993 18,778,254 1994 18,885,193 1995 19,081,791 1996 20,061,973 1997 21,340,839 1998 22,150,455 1999 22,993,030 2000 23,666,542 2001 25,023,204 1,552,687 1,638,892 1,333,744 2,204,191 2,419,639 2,613,267 2,827,749 2,699,350 3,436,709 3,758,160 4,081,238 4,277,743 4,394,406 4,657,243 4,679,085 5,053,291 5,299,694 5,446,576 5,956,776 6,312,656 $ 784,392 $ 129,389 1,426,095 120,562 1,474,257 118,920 1,559,495 120,518 1,483,842 131,476 1,296,201 152,224 1,329,763 132,008 1,568,157 127,788 1,758,769 117,019 2,103,282 151,047 Note: Includes General Fund (budgetary basis) only. Continued on next page. 104 Interest Rents and Royalties and Miscellaneous Operating Transfers In Total Annual Percentage Increase (Decrease) 269,942 $ 216,793 255,673 481,349 585,636 665,324 1,232,37O 553,34O 1,215,612 1,842,954 94,022 $ 2,695,302 $ 27,837,537 95,892 2,878,361 29,432,592 65,840 2,932,637 29,460,670 85,798 3,004,614 31,194,999 150,165 3,135,787 32,647,603 354,365 3,399,023 34,874,534 105,967 4,461,280 37,539,286 150,587 3,411,248 36,950,076 442,388 4,084,982 40,678,797 339,048 4,760,657 44,291,008 .3% 5.7 .1 5.9 4.7 6.8 7.6 (1.6) 10.1 8.9 105 City of Boynton Beach, Florida General Fund Expenditures by Function-- Budgetary Basis--Unaudited Last Ten Fiscal Years Fiscal Year Ended General September 30 Government Public Safety Police Fire Inspection Permits and Animal Licenses Control 1992 $ 5,307,588 1993 5,534,225 1994 5,423,412 1995 5,507,002 1996 6,041,201 1997 6,338,557 1998 7,000,824 1999 6,712,016 2000 7,258,304 2001 8,973,320 8,013,779 $ 5,446,761 $ 1,467,826 $ 93,952 8,217,671 5,839,640 1,516,835 103,655 8,328,514 6,313,918 1,523,672 96,755 8,678,530 6,343,155 1,446,847 101,664 9,495,659 6,441,854 1,426,511 104,329 9,828,744 6,513,492 1,433,615 104,732 9,278,782 6,599,824 1,724,552 107,196 10,852,070 7,101,819 1,881,350 115,452 11,141,926 7,444,459 2,481,416 114,476 11,420,699 7,734,552 3,002,541 118,374 Note: Includes General Fund (budgetary basis) only. Continued on next page. 106 Culture Public and Works Recreation Other Total $ 973,911 $ 4,122,076 $ 999,791 976,427 988,327 1,001,611 1,033,470 976,153 1,065,895 1,044,324 1,181,010 4,397 496 4,392 925 4,698 125 4,815 581 5,001 914 4,896 973 5,557 201 6,108 353 7,003 614 1,253,954 3,413,402 2,078,693 3,022,876 6,140,433 1,526,726 $ 25,425 893 26,609 313 27,055 623 27,763 $50 30,580 700 33,667 926 32,662 997 36,308 679 41,733 691 40,960 836 107 City of Boynton Beach, Florida Property Tax Levies and Collections--Unaudited Last Ten Fiscal Years Fiscal Year Ended September 30 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Current Total Tax Tax Levy Collections 16,114,149 $ 15,900,128 16,357,548 16,055,176 16,251,854 16,129,927 16,410,895 16,314,844 17,200,873 17,103,120 17,989,343 17,911,988 18,753,009 18,672,518 19,875,591 19,789,427 20,243,189 20,125,134 20,950,505 20,863,339 Note: All property taxes are assessed and collected by Palm Beach County without charge to the City, and collections are distributed in full as collected. Continued on next page. 108 Percent of Levy Collected Delinquent Tax Collections Total Tax Collections 98.7 % 98.2 99.2 99.4 99.4 99.6 99.6 99.6 99.4 99.6 57,548 229,538 167,840 244,331 42,029 133,128 63,831 18,730 55,429 43,042 $ 15,957,676 16,284 714 16,297 767 16,559 175 17,145.149 18,045 116 18,736 349 19,808 157 20,180 563 20,906 381 Total Collections as Percent of Current Levy 99.0 % 99.6 100.3 100.9 99.7 100.3 99.9 99.7 99.7 99.8 Outstanding Delinquent Taxes Outstanding Delinquent Taxes as Percent of Current Levy $550,537 654,051 663,857 515,577 571,301 467,661 482,494 484,322 469,902 454,792 3.4 % 4.0 4.1 3.1 3.3 2.6 2.6 2.4 2.3 2.2 109 City of Boynton Beach, Florida Assessed and Estimated Actual Value of Taxable Property--Unaudited Last Ten Fiscal Years (Dollars in Thousands) Fiscal Year Ended September 30 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Real Property Estimated Assessed Actual Value Value 2,256,075 $ 2,256,075 2,266,163 2,266,163 2,228,456 2,228,456 2,233,368 2,233,368 2,320,532 2,320,532 2,349,983 2,349,983 2,468,380 2,468,380 2,588,395 2,588,395 2,751,880 2,751,880 2,865,074 2,865,074 Source: Palm Beach County Property Appraiser's Office. Continued on next page. 110 Personal Property Estimated Assessed Actual Value Value Centrally Assessed Property Estimated Assessed Actual Value Value Total Assessed Value Estimated Actual Value Ratio of Total Assessed to Total Estimated Actual Value 270,610 $ 270,610 300,015 300,015 330,207 330,207 345,017 345,017 387,808 387,808 460,385 460,385 482,625 482,625 329,802 329,802 406,377 406,377 386,122 386,122 $ 1,752 $ 1,752 1,752 1,752 1,675 1,675 1,889 1,889 2,136 2,136 2,164 2,164 3,084 3,O84 3,421 3,421 3,109 3,109 2,988 2,988 $ 2,528,437 2,567 930 2,560 338 2,580 274 2,710 476 2,812 532 2,954O89 2,921 618 3,161 366 3,254 184 $ 2,528,437 2,567,930 2,560,338 2,580,274 2,710,476 2,812,532 2,954,089 2,921,618 3,161,366 3,254,184 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 111 City of Boynton Beach, Florida Property Tax RatesBAII Direct and Overlapping GovernmentsBUnaudited Last Ten Fiscal Years (per $1,000 of assessed value) Tax Year City of Boynton Beach Debt General Service Fund Fund School Total District County Total 1992 7.952 0.517 1993 7.952 0.507 1994 7.925 0.504 1995 7.925 0.482 1996 7.925 0.457 1997 7.925 0.411 1998 7.816 0.451 1999 7.816 0.425 2000 7.816 0.411 2001 7.816 0.411 8.469 7.006 4.622 20.097 8.459 9.457 4.328 22.244 8.429 10.185 4.293 22.907 8.407 9.761 4.218 22.386 8.382 9.797 4.236 22.415 8.336 9.060 4.600 21.996 8.267 9.179 4.600 22.046 8.241 9.043 4.600 21.884 8.227 9.043 4.600 21.870 8.227 8.948 4.935 22.110 Tax rate limits Scope of tax rate limit Taxes due Taxes delinquent Discount allowed Penalties for delinquency Tax collector Tax collector's commission - Ten mills per Florida Statute 200.081 - No municipality shall levy ad valorem taxes for real and tangible personal property in excess of ten mills of the assessed value, except for special benefits and debt service on obligation issued with the approval of those taxpayers subject to ad valorem taxes. March 31 - April 1 - 4% November; 3% December; 2% January; 1% March 2.5% after April 1, increasing .5% each ten days to maximum 5.0% Palm Beach County None 112 City of Boynton Beach, Florida Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita--Unaudited Last Ten Fiscal Years Fiscal Year Ended September 30 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Population 48 144 48 428 48 848 49 085 5O 940 52 311 53 635 55 483 56 300 61 816 Note: The population estimate for all years was calculated by the City's planning department. Continued on next page. 113 Assessed Value Gross General Obligation Bonded Debt Less Debt Service Funds Available Net General Obligation Bonded Debt Ratio of Net General Obligation Bonded Debt to Assessed Value Net General Obligation Bonded Debt Per Capita 2,528,437,971 2,567,930,545 2,560,337,911 2,580,274,339 2,710,476,659 2,812,532,015 2,954,088,835 2,921,618,095 3,161,365,867 3,254,183,938 $ 10,070,000 9,555,000 9,110,000 8,655,000 8,180,000 7,675,000 7,045,000 6,390,000 4,986,434 4,667,670 $ 4,139,158 2,857,813 2,453,630 2,360,917 2,484,550 2,499,393 2,540,182 2,591,802 273,625 5,930,842 6,697,187 6,656,370 6,294,083 5,695,450 5,175,607 4,504,818 3,798,198 4,986,434 4,394,045 0.0023 0.0026 0.0026 0.0O24 0.0021 0.0018 0.0015 0.0013 0.0016 0.0014 123.19 138.29 136.27 128.23 111.81 98.94 83.99 68.46 88.57 71.08 114 City of Boynton Beach, Florida Computation of Direct and Overlapping General Obligation Bonded Debt September 30, 2001 Net Bonded Direct and Debt, Estimated Overlapping September 30, Percent Net Bonded 2001 Applicable Debt City of Boynton Beach: Promissory note $ 4,394,045 192,485,000 206,671,000 $ 399,156,000 Palm Beach County: General Obligation Bonds School Board Total direct and overlapping bonded debt payable from taxes Estimated population Overlapping net debt per capita 100.00% $ 4,394,045 3.53% 14,090,207 $ 18~484~252 61,816 $ 299 115 City of Boynton Beach, Florida Computation of Legal Debt Margin September 30, 2001 (Dollars in Thousands) Assessed valuations Legal debt margin: Debt limitation--10% of total assessed value Debt applicable to limitation: Total bonded debt Less: Special revenue bonds Amount available for repayment of general obligation bonds Total debt applicable to limitation Legal debt margin $ 3,254,184 $ 325,418 16,853 (12,185) 4,668 $ 320~750 The City has established as a maximum cap for long-term general obligation debt, 10% of the total assessed value of both real and personal property within the City limits. This cap shall be adjusted annually to reflect the annual changes in the assessed value. There shall be no limitation on the use of revenue bonds as a percent of total debt service of the City. 116 City of Boynton Beach, Florida Ratio of Annual Debt Service Requirements for General Bonded Debt to Total General Fund Expenditures-- Budgetary Basis--Unaudited Last Ten Fiscal Years Ratio of Total Debt Service Fiscal Year General to General Ended Total Debt Total Debt Fund Fund September 30 Principal Interest Service Expenditures Expenditures 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 $ 900,000 $ 1,829,851$ 2,729,851$ 26,028,884 1,580,416 1,922,913 3,503,329 27,072,353 860,000 1,379,091 2,239,091 27,055,623 1,485,000 1,412,362 2,897,362 27,763,650 1,535,000 1,362,447 2,897,447 30,580,700 1,600,000 1,302,635 2,902,635 33,667,926 1,765,000 1,233,196 2,998,196 32,662,997 1,830,000 1,154,510 2,984,510 36,308,679 2,655,000 1,237,011 3,892,011 41,674,502 1,598,764 816,595 2,415,359 40,842,462 .1049 .1294 .0828 .1044 .0947 .0862 .0918 .0822 .0934 .0591 117 City of Boynton Beach, Florida Schedule of Water and Sewer Revenue Bond Debt Service Coverage--Unaudited Last Ten Fiscal Years Year (A)-(B) Revenue (B) Available Current (A) Operating for Debt Debt Revenue* Expenses** Coverage Service 1992 $ 18,482,018 $ 9,872,612 1993 18,909,747 10,793,972 1994 20,038,139 10,696,870 1995 21,567,934 10,858,624 1996 22,505,993 11,814,452 1997 23,297,598 12,325,857 1998 25,092,939 12,390,830 1999 24,465,299 13,815,539 2000 28,138,620 14,759,425 2001 29,506,460 15,884,244 8,609,406 8,115 775 9,341 269 10,709 310 10,691 541 10,971741 12,702 109 10,649 760 12,059 655 13,622 216 $ 4,354,586 4,482,79O 4,377,030 4,375,391 4,376,420 2,423,463 2,623,750 2,623,237 2,699,770 3,809,734 Current Coverage 1.98 1.81 2.13 2.45 2.44 4.53 4.84 4.06 4.47 3.58 * Includes operating and nonoperating revenue. ** Includes net operating transfers out. 118 Fiscal Year Ended September 30 City of Boynton Beach, Florida Property Value and ConstructionmUnaudited Last Ten Fiscal Years Total Commercial Residential Assessed Construction** Construction** Property Number Value* (in of thousands) Buildings 1992 $ 2,528,438 15 1993 2,567,930 19 1994 2,560,338 13 1995 2,580,274 5 1996 2,710,476 4 1997 2,812,532 15 1998 2,954,089 22 1999 2,921,618 24 2000 3,161,366 31 2001 3,254,184 16 Value Number of Units Value 15,483,480 16,522,970 5,626,216 5,244,776 3,888,000 12,315,005 22,568,663 18,377,934 36,898,723 17,052,582 364 213 135 626 471 527 697 435 365 867 20 096,172 18 593,784 11 303,543 39 310,718 43 048,577 47,304,809 43,133,484 32,960,174 31,630,105 64,423,547 Source: * Palm Beach County Property Appraiser's Office. ** City building department. 119 City of Boynton Beach, Florida Principal Taxpayers--Unaudited Taxpayer Boynton JCP Assoc.. Motorola Inc. California State Teachers Retirement System Prudential Insurance Company of America Olen Residential Realty Corp Boynton Beach Development Assoc. Publix Super Markets, Inc. Walmart Stores East #2789 Boynton Industrial Realty Corp. Groat Oak Other Type of Business Taxable Valuation Taxes Percentage of Total Taxes Retail shopping mall Manufacturing Rental apartments Rental apartments Rental apartments Retail shops Grocery stores Department store Real estate developer Retail shops $ 86,500,000 32,629,347 28,001,056 22,675,000 21,904,009 2O,60O,O27 19,825,357 17,905,158 16,303,610 16,028,249 282,371,813 2,971,812,125 ~.$ 3,254,183~938 $ 711,636 268,442 3.397 % 1.281 230,365 1.100 186,547 180,204 0.890 0.860 169,476 163,103 147,306 134,130 131,864 2,323,073 18,627,432 $20,950,505 0.809 0.779 0.703 0.640 0.629 11.088 88.912 100.000% Source: Palm Beach County Property Appraiser. 120 City of Boynton Beach, Florida Demographic StatisticsMUnaudited Fiscal Year School Ended September Population Enrollment 30 * ** Unemployment Rate*** 1992 48,144 115,000 1993 48,428 122,000 1994 48,848 126,000 1995 49,085 132,725 1996 50,940 133,991 1997 52,311 136,588 1998 53,635 139,185 1999 55,483 148,781 2000 56,300 154,038 2001 61,816 156,856 8.04 % 9.10 9.60 7.80 8.40 7.80 6.70 5.70 5.50 5.90 * The population estimate for all years was calculated by the City's planning department. ** Data is for Palm Beach County. Source: Palm Beach County school information. *** Data is for all of Palm Beach County. Source: Florida Department of Commerce, Division of Employment Security 121 City of Boynton Beach, Florida Miscellaneous Statistical Data--Unaudited Date of Incorporation: Form of Government: Location and Area: July 21, 1920 City Commission--Manager with four commission members elected from districts to serve staggered two-year terms and a mayor elected at large for a two-year term. The vice mayor is chosen by the commission on an annual basis. The City Manager is appointed by the commission. The City encompasses an area of 16.1 square miles and is located about 12 miles south of West Palm Beach which is the county seat of Palm Beach County. The City is bounded on the east by Lake Worth and the Intracoastal Waterway, except for a small section which extends to the Atlantic Ocean. Palm Beach County is located on the southeast coast of Florida and extends westward to Lake Okeechobee with a total area of 2,230 square miles including 46 miles of frontage on the Atlantic Ocean and about 25 miles of frontage on Lake Okeechobee. Police Protection: Fire Protection: Recreational Facilities: Continued on next page. 136 sworn officers, 33 civilian full-time employees and 20 part-time school guards and 2 part-time students clerks. 3 fire stations, 93 firefighters (52 are state-certified paramedics), 10 civilians and 7 advanced life support units. Tennis courts--28 (23 lighted) Tennis pro shops--1 Shuffleboard courts--16 lighted Ball fields--9 (8 lighted diamonds) Public beach--l,000 feet frontage on the Atlantic Ocean Boat launching ramps--6 boat ramps on the Intracoastal and 2 boat ramps at Pioneer Canal Park Swimming pool--25 meter Parks--24 locations with vadous recreational facilities and playgrounds Activity centers--7 Municipal golf course ~7 holes Racquetball Courts--6 (4 lighted) Senior Center 122 City of Boynton Beach, Florida Miscellaneous Statistical Data--Unaudited (continued) Water System: Sewer System: Water plant size: Total meters: Total living units served: Residential rate: Inside City Outside City 19.3 MGD 30,808 49,254 $6.65 minimum 0--3,000 gallons graduated scale for over 3,000 $8.31 minimum 0--3,000 gallons graduated scale for over 3,000 Joint Regional Wastewater Treatment Plant (Boynton Beach-Delray Beach): Total connections (City sewage collection): Total living units served: Residential rate: Inside City Outside City 12.0 MGD reserved for Boynton Beach service area 29,257 47,545 $10.13 base $1.54/1,000 gallons with a maximum of 7,000 gallons $12.66 base $1.93/1,000 gallons with a maximum of 7,000 gallons Property Taxes: Rate for $1,000 nonexempt assessed valuation January 1, 2000: City of Boynton Beach taxes General operating Debt service Palm Beach County taxes General operating Palm Beach County School Board General operating 7.816 0.411 4.600 9.043 21.870 32,477 6,641 20.4 Elections: Number of registered voters: Last general election Number of votes cast in: Last general election Percentage of registered voters voting in: Last general election 123 Compliance Section City of Boynton Beach, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Year ended September 30, 2001 Grantor/Pass-Through Agency/Program Title Federal Agencies Corporation for National & Community Service AmeriCorps U.S. Department of Health and Human Services Passed through Florida Department of Health: Assistance Programs for Chronic Disease Prevention and Control Preventive Health and Heath Services Block Grant Total O.S. Department of Health and Human Services U.S. Depa~hnent of Housing and Urban Development: Community Development Block Grant/Entitlement Grant Community Development Block Grant/Entitlement Grant Total U.S. Department of Housing and Urban Development U.S. Depa,hnent of Justice: Public Safety Partnership and Community Policing Grants Public Safety Partnership and Community Policing Grants CFDA/CSFA Contract/Grantor Transfers to Number Number Expenditures Subrecipients NCSA-61200-H01- 94.006 4101 $ 3,000 $ - 93.945 COHV4 100,000 93.991 COHV4 148,000 CDBG #B-99-MC- 14.218 12-0043 CDBG #B-00-MC- 14.218 12-0043 16.710 1999-CM-WX-2785 16.710 2000-CM-WX-0057 248,000 111,036 39,414 361,189 143,662 472,225 183,076 15,122 3,754 020~-0260879 124 City of Boynton Beach, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance (continued) Year ended September 30, 2001 Grantor/Pass-Through Agency/Program Title CFDA/CSFA Contract/Grantor Number Number Federal Agencies (continued) U.S. Department of Justice (continued) Local Law Enforcement Block Grant Local Law Enforcement Block Grant Passed through PaLm Beach County, Florida: Byme Formula Grant - Multi- Agency Narcotic Unit Grant Total U.S. Department of Justice 16.592 1999-LB-VX-7518 16.592 2000-LB-VX-0734 01-CJ-Jl-10-60-01- 16.579 170 U.S. Department of Transportation: Passed through Florida Department of Transportation: State and Community Highway Safety National Foundation on the Arts and Humanities Passed through Florida Department of State: State Library Program 20.600 $8-00-06-29-01 45.310 00-LSTA-K-01 Total expenditures of federal awards Transfers to Expenditures Subrecipients 71,812 128,958 24,900 244,546 38,306 28,298 - $1,034,375 $183,076 State Agencies Florida Department of Health Emergency Medical Services Matching Awards Florida Department of State Division of Library and Information Services Passed through Palm Beach County, Florida: State Aid to Libraries Division of Cultural Affairs Cultural Facilities Grant Program - 1913 Schoolhouse Museum and Amphitheater Grant Total Florida Deparlment of State 64.003 M9078 $ 679 $ - 45.030 01-ST-45 122,519 45.014 2K9025 78,307 200,826 0201-0260879 125 City of Boynton Beach, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance (continued) Year ended September 30, 2001 Grantor/Pass-Through Agency/Program Title State Agencies (continued) Florida Housing Finance Corporation State Housing Initiatives Partnership Program State Housing Initiatives Partnership Program Total Florida Housing Finance Corporation Florida Department of Conu'mmity Affairs Community Revitalization - Urban Infill and Redevelopment Program Total e~penditures of state financial assistance CFDA/CSFA Contract/Grantor Number Number 52.901 N/A 52.901 N/A 01-U1-07-10-60o02- 52.021 012 Transfers to Expenditures Subrecipients 293,806 126,168 419,974 45,213 $ 666,692 $ - See accompanying notes. o~o~4~oe?~ 126 City of Boynton Beach, Florida Notes to the Schedule of Expenditures of Federal Awards and State Financial Assistance Year ended September 30, 2001 1. Basis of Presentation The accompanying schedule of expenditures of federal awards and state financial assistance includes federal and state grant activity of the City of Boynton Beach, Florida and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audit of States, Local Governments, and Non-Profit Organizations and Chapter 10.550, Rules of the Auditor General. 2. Contingency The grant revenue amounts received are subject to audit and adjustment. If any expenditures are disallowed by the grantor agency as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the City. In the opinion of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal and state laws and regulations. 0201-026087S 127 ERNsT & YOUNG · Ernst & Young LLP Phillips Point, West Tower Suite 1200 777 South Flagler Drive West Palm Beach, Florida 33401 · Phone: (561) 655-8500 Fax: (561) 838-4191 www.ey, com Independent Certified Public Accountants Report on Compliance and Internal Control over Compliance Applicable to Each Major Federal Awards Program and State Financial Assistance Project The Honorable Mayor and City Commission City of Boynton Beach, Florida Compliance We have audited the compliance of the City of Boynton Beach, Florida, (the City), with the types of compliance requirements described in the U. S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement, and the requirements described in the Executive Office of the Governor's State Projects Compliance Supplement, that are applicable to each of its major federal awards programs and state financial assistance projects for the year ended September 30, 2001. The City's major federal awards programs and state financial assistance projects are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts and grants applicable to each of its major federal awards programs and state financial assistance projects is the responsibility of the City's management. Our responsibility is to express an opinion on the City's compliance based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations; and Chapter 10.550, Rules of the Auditor General. Those standards, OMB Circular A-133, and Chapter 10.550, Rules of the Auditor General, require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal awards program or state financial assistance project occurred. An audit includes examining, on a test basis, evidence about the City's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination on the City's compliance with those requirements. 0201-0260879 128 [mst & Young LU' is a member of [mst & Young International, ktd. In our opinion, the City complied, in all material respects, with the requirements referred to above that are applicable to each of its major federal awards programs and state financial assistance projects for the year ended September 30, 2001. However, the results of our auditing procedures disclosed an instance of noncompliance with federal requirements, which is required to be reported in accordance with OMB Circular A-133 and which is described in the accompanying schedule of findings and questioned costs as item 01-01. Internal Control Over Compliance The management of the City is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts, and grants applicable to federal awards programs and state financial assistance projects. In planning and performing our audit, we considered the City's internal control over compliance with requirements that could have a direct and material effect on a major federal awards program or state financial assistance project to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with OMB Circular A-133 and Chapter 10.550, Rules of the Auditor General. Our consideration of the internal control over compliance would not necessarily disclose all matters in the internal control that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that noncompliance with applicable requirements of laws, regulations, contracts, and grants that would be material in relation to a major federal awards program or state financial assistance project being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over compliance and its operation that we consider to be material weaknesses. This report is intended solely for the information and use of the City's Honorable Mayor and City Commission, management and federal and state awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. December 28, 2001 0201-0260879 1 29 City of Boynton Beach Schedule of Findings and Questioned Costs Federal Awards Programs and State Financial Assistance Projects September 30, 2001 Part I~ummary of Auditor's Results Financial Statement Section Type of auditor's report issued: Internal control over financial reporting: Material weakness(es) identified? Reportable condition(s) identified not considered to be material weaknesses? Noncompliance material to financial statements noted? Federal Awards and State Projects Section Dollar threshold used to determine Type A programs: Federal State Type of auditor's report on compliance for major federal programs and state projects: Auditee qualified as low-risk auditee? Internal control over major programs: Material weakness(es) identified? Reportable condition(s) identified not considered to be material weaknesses? Any audit findings disclosed that are required to be reported in accordance with Circular A-133 and/or Chapter 10.550? Unqualified Yes [ No ] X $300,000 $100,000 Unqualified Yes I No I X X X X 130 City of Boynton Beach Schedule of Findings and Questioned Costs Federal Awards Programs and State Financial Assistance Projects September 30, 2001 Part l~Summary of Auditor's Results (continued) Identification of major federal programs and state projects: Federal Programs: CFDA Number Name of Federal Program 16.592 93.945 93.991 Local Law Enforcement Block Grant Water Fluoridation Assistance Program Preventive Health and Heath Services Block Grant State Projects: · CSFA Number Name of State Project 52.901 45.03O State Housing Initiatives Program Grant State Aid to Libraries Part IImFinancial Statement Findings Section This section identifies the reportable conditions, material weaknesses, and instances of noncompliance related to the financial statements that are required to be reported in accordance with Chapter 5.18 of Government Auditing Standards. No matters were reported. 0201-0260879 1 3 1 City of Boynton Beach Schedule of Findings and Questioned Costs (continued) September 30, 2001 Part III--Federal Award Findings and Questioned Costs This section identifies reportable conditions, material weaknesses, and instances of noncompliance, including questioned costs, related to the audit of major federal programs that are required to be reported in accordance by Circular A-133, Section .510. 01-01 U.S. Department of Justice CFDA 16.592 - Local Law Enforcement Block Grant Criteria - A-102 Common Rule requires that a physical inventory of equipment acquired under federal awards be taken every two years. Condition - The City has not taken a physical inventory of tangible personal property within the last two fiscal years. Questioned Costs - None. Effect - The City has not complied with the requirements referred to above, and has limited assurance as to the safeguarding of and proper record keeping for federally funded equipment. Recommendation - The City should continue to ensure that property records accurately reflect those items purchased with federal funds, and implement procedures that require a complete physical inventory of its tangible personal property at least every two years. Part IV - State Project Findings and Questioned Costs This section identifies reportable conditions, material weaknesses, and instances of noncompliance, including questioned costs, related to the audit of major state financial assistance projects that are required to be reported by Chapter 10.550 of the Rules of the Auditor General. No matters were reported. 020~-0260879 132 City of Boynton Beach, Florida Corrective Action Plan September 30, 2001 Federal Programs: Finding - The City has not taken a physical inventory of equipment within the last two years as required by A-102 Common Rule. Recommendation - The City should ensure that the required physical inventory is taken every two years. Management Response - We concur with the finding and will ensure that the required physical inventory of equipment is taken every two years. 02o~-o2~oe79 133 ~_[I ERNST & YOUNG · Ernst & Young ttP Phillips Point, West Tower Suite 1200 777 South Flag[er Drive West Palm Beach, Florida 33401 · Phone: (561) 655-8500 Fax: (561) 838-4191 www. ey. com Independent Certified Public Accountants Report on Compliance and Internal Control over Financial Reporting Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards The Honorable Mayor and City Commission City of Boynton Beach, Florida We have audited the general purpose financial statements of the City of Boynton Beach (the City) as of and for the year ended September 30, 2001, and have issued our report thereon dated December 28, 2001. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the City's general purpose financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the City's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the general purpose financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the general purpose financial 0201-0260879 134 Ernst & Young t~ p is a member of Ernst & Young International, Etd. statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses, as defined above. However, we noted other matters involving the internal control over financial reporting that we have reported to the City Commission in a separate communication dated December 28, 2001. This report is intended solely for the information and use of the City's Honorable Mayor and City Commission, management and federal and state awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. December 28, 2001 0201-0260879 135 Required Communications 0201-0260879 0 0 0 0 Attachment to Communication with the Honorable Mayor and City Commission Pursuant to our engagement letter, you have engaged us to conduct an audit of the City of Boynton Beach, Florida's financial statements and of the City's federal programs and state projects for the year ended September 30, 2001 in accordance with auditing standards generally accepted in the United States, the standards for financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments and Non-Profit Organizations, and Chapter 10.550, Rules of the Auditor General. Our responsibilities for testing and reporting on internal control and on compliance with applicable laws and regulations under those standards are described in the table below. In addition, the table contrasts our responsibilities in this engagement with other procedures that we could perform in other financial-related audits. Service That We Could Provide Our Responsibility Regarding Internal Control Our Responsibility Regarding Compliance with Laws and Regulations Financial statement audit-- GAAS Financial statement audit-- Government Auditing Standards OMB Circular A-133 and Chapter 10.550 We consider internal control to plan the nature, timing and extent of audit procedures for the purpose of expressing our opinion on the financial statements. We report, orally or in writing, any reportable conditions, including material weaknesses, that we identify as a result of our audit procedures. Our report does not provide assurance on internal control over f'mancial reporting. In addition to the GAAS responsibilities, we are required to issue a written report on our consideration of internal control and identify reportable conditions, including material weaknesses, if any. Our reports do not provide assurance on internal control over financial reporting. We consider internal control over federal award program and state financial assistance project compliance. Our tests of controls include the controls over all major federal programs and state projects (aggregate expenditures of all major programs are to encompass at least 25% of total federal program expenditures and 50% of total state project expenditures). We report on such consideration and testing, and disclose reportable conditions including material weaknesses we identify. Our report does not provide assurance on the internal control over compliance. We design our audit to provide reasonable assurance of detecting fraud that is material to the financial statements and illegal acts that have a direct and material effect on the financial statement amounts. In addition to the GAAS responsibilities, we design our audit to provide reasonable assurance of detecting material misstatements resulting from noncompliance with provisions of contracts or grant agreements that have a direct and material effect on the £mancial statements. We issue a written report on the results of these procedures; however, our report does not express an opinion on compliance. We perform procedures for the purpose of expressing an opinion whether major federal programs and state projects (aggregate expenditures of all major programs are to encompass at least 25% of total federal program expenditures and 50% of total state project expenditures) have been administered in compliance with applicable laws and regulations. o2o~-o2sos;,9 144 Service That We Could Provide Our Responsibility Re--Internal Control Examination- level attestation We could be engaged to examine and report on management's written assertion as to the design and operating effectiveness of internal control. The engagement would be conducted in accordance with American Institute of Certified Public Accountants (AICPA) standards for attestation engagements, and would include an evaluation of the design of the City's internal control, and performing tests of relevant internal control policies and procedures to evaluate their operating effectiveness. Agreed-upon procedures level attestation We could be engaged to perform agreed-upon procedures related to management's written assertions as to the design and operating effectiveness of internal control. The objective of the agreed-upon procedures is to present specific findings to assist users in evaluating management's assertions. Our procedures generally may be as limited or extensive as the users desire, as long as the users (a) participate in establishing the procedures to be performed and (b) take responsibility for the sufficiency of such procedures for their purposes. Our Responsibility Regarding Compliance with Laws and Regulations We could be engaged to examine and report on management's written assertion regarding compliance. The engagement could be conducted at the financial statement level, or could result in a determination as to whether all federal programs have been administered in accordance with applicable laws and regulations. The engagement would be conducted in accordance with AICPA standards for attestation engagements, and would include obtaining an understanding of the specific compliance requirements, obtaining an understanding of the design of the City's internal control over compliance, and testing compliance with specified requirements. We could be engaged to perform agreed- upon procedures related to management's written assertions regarding compliance. The objective of the agreed-upon procedures is to present specific findings to assist users in evaluating management's assertions. Our procedures generally may be as limited or extensive as the users desire as long as the users (a) participate in establishing the procedures to be performed and (b) take responsibility for the sufficiency of such procedures for their purposes. 020%0260879 145 ..~ooo~o _- DEVELOPMENT ORDER OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA PROJECT NAME: Woolbright Plaza APPLICANT'S AGENT: H.P. Tomkins, Jr. of H.P.T. Consultants, Inc. APPLICANT'S ADDRESS: 2295 Corporate Boulevard #240, Boca Raton, FL 33431 DATE OF HEARING RATIFICATION BEFORE CITY COMMISSION: March 5, 2002 TYPE OF RELIEF SOUGHT: Height Exception LOCATION OF PROPERTY: Southwest corner of Woolbright Road and Congress Avenue DRAWING(S): SEE EXHIBIT "B" ATTACHED HERETO. X THIS MATTER came before the City Commission of the City of Boynton Beach, Florida appearing on the Consent Agenda on the date above. The City Commission hereby adopts the findings and recommendation of the Planning and Development Board, which Board found as follows: OR THIS MATTER came on to be heard before the City Commission of the City of Boynton Beach, Florida on the date of hearing stated above. The City Commission having considered the relief sought by the applicant and heard testimony from the applicant, members of city administrative staff and the public finds as follows: Application for the relief sought was made by the Applicant in a manner consistent with the requirements of the City's Land Development Regulations. The Applicant ~' HAS HAS NOT established by substantial competent evidence a basis for the relief requested. The conditions for development requested by the Applicant, administrative staff, or suggested by the public and supported by substantial competent evidence are as set forth on Exhibit "C" with notation "Included". The Applicant's application for relief is hereby X'... GRANTED subject to the conditions referenced in paragraph 3 hereof. DENIED 5. This Order shall take effect immediately upon issuance by the City Clerk. All further development on the property shall be made in accordance with the terms and conditions of this order. 7. Other Location Map Woolbright Plaza EXHIBIT "A" SITE 500 0 500 1000 N 1500 Feet W~ E S EXHIBIT t:: I ~ EJ N E:~ R E S S-- A VE N U E j ' tI . .t. ~ i l, l,'! -~ I..~ t- ii ,-,, 1. If ;':i~'~i ~ ~1 ~:;~"t1~i",i'~ 11~'hlH;li!i~ I!:I ,t SURVEYINe~ MAPPINa' ' I ......... BO~A RATON, FLORIDA 38432 ~c~'o. ~O.A. [ ~OLBRIGHT PLAZA TEL (561) 382-2~84, FAX (561) 3~4-7125 J JI. II '"~.W. SMIT~CHITECT ,':'::'"$':,:: ~ -:'"-=== ·. /.; .~..' "P, W, SM T HITECT EXHIBIT"B" S00°01'07'"~ SOO'O/', EXHIBIT"B~: EXHIBIT "C" Conditions of Approval Project name: Woolbright Plaza File number: COUS 01-007 Reference: Bna review revised plans identified as Conditional Use / Major Site Plan Modification. File COUS 01-007 with a February 12, 2002 Planning and Zoning Division date stamp marking. DEPARTMENTS INCLUDE REJECT PUBLIC WORKS - General Comments: None X PUBLIC WORKS - Traffic Comments: 1. Driveways accessing both Woolbright and Congress should be "right in-right X OUt". UTILITIES Comments: 2. Fire flow calculations will be required demonstrating the City Code X requirement of 1,500 g.p.m, as stated in LDR Chap. 6, Art. IV, Sec. 16, or the requirement imposed by insurance underwriters, whichever is greater (see CODE Sec. 26-16(a)). 3. All utility easements are shown on the rectified site plan and landscaping X drawings; we will determine which trees may interfere with existing utilities. In general, palm trees will be the only tree species allowed within utility easements. Canopy trees may be planted outside of the easements so that roots and branches will not impact those utilities within the easement in the foreseeable future. LDR Sec 7.5-18.1 give public utilities the authority to remove any trees that interfere with utility services, either in utility easements or public rights-of-way. 4. The Utilities Department does not approve of a CBS screen wall or X continuous heavy landscape visual screen barrier within its utility easement along the west property line of this project. Palm tree cluster(s) and staggered on either side of the existing water main may be planted to satisfy the screening intent. However, the Utilities Department will field locate the water main at the time of landscape planting to ensure that no trees are installed that would be detrimental to the existing water main. Low shrubbery is permissible provided that the applicant executes a "Hold Harmless" agreement in the event the Department is required to excavate any portion of the utility easement to repair and/or replace any portion of the existing water main that would damage and/or destroy said palm tree clustering or said low shrubbery. The aspects of this condition relative to the density of landscaping materials are superseded by Commission Condition #45. COA revised.doc 03/13/02 2 DEPARTMENTS INCLUDE REJECT 5. Water and sewer lines to be owned and operated by the City shall be included X within utility easements. Please show all proposed easements on the engineering drawings, master site plan and landscape plan using a minimum width of 12 feet. The easements shall be dedicated via separate instrument to the City as stated in CODE Sec. 26-33(a). FIRE Comments: 6. The site plan and master plan design documents shall adhere to Chapter 9 of X the Code of Ordinances of the City of Boynton Beach entitled "Fire Protection and Prevention." This ordinance adopts NFPA 1, Fire Prevention Code, 1997 edition, and NFPA 101, Life Safety Code, 1997 edition 7. Design documents shall demonstrate compliance with LDR Chapter 6, X Section 16, which provides requirements for hydrants. Hydrants in commercial applications shall be no more than 300 feet apart and the remotest part of any structure shall be no more than 200 feet from a hydrant. Connections shall be to mains no less than six (6) inches in diameter. In addition to domestic requirements at a residual pressure of not less than 20 psi, a fire flow of at least 1500 gpm is required. 8. Design documents where underground water mains and hydrants are to be X provided, must demonstrate that they will be installed, completed, and in service prior to construction work per NFPA 1, (1997) Section 41-2.3.2. 9. Pursuant to City Ordinance 9-3F, the Fire Marshal has developed an X Administrative Order dated May 9, 2001, that provides the minimum performance for all security gates and emergency access. Another Administrative Order dated May 15,2001 addresses Knox Box storage of information for responding emergency personnel. 10. Design documents must demonstrate compliance with the requirements for X fire lanes that are provided in Section 9-21 of the City Ordinances. Signing and marking are described in LDR Chapter 23 Section B2. 11. Fire Lanes shall be provided at the start of a project and be maintained X throushout construction for access per NFPA 1, Section 41-2.1. POLICE Comments: None X ENGINEERING DIVISION Comments: COA revised.doc 03/13/02 DEPARTMENTS INCLUDE REJECT 12. Provide drainage plans and design data for site drainage (Chapter 6, Article X W, Section 5). The plans must include flow arrows. Any work done within the right-of-way and/or existing facilities within the right-of-way will require review, approval, and permitting by Palm Beach County and the Florida Department of Transportation. X 13. Resolve the conflicts between outdoor freestanding light poles and new shade trees. Replace or relocate large canopy trees adjacent to light fixtures to eliminate future shadowing on the parking surface (LDR, Chapter 23, Article II, Section A. 1 .b). 14. Sidewalks adjacent to parking lots shall be continuous through driveways to X mark pedestrian paths and shall be 6 inches thick within driveways (LDR, Chapter 23, Article II, Section P). Indicate by note that the sidewalks within the driveway will be 6 inches thick. 15. Show sight triangles graphically on the Site Plan and Landscaping Plan. X Reference FDOT Standard Index 546 for the sight triangles along all collector and arterial roadways. 16. Provide, delineate and stripe a "Loading Area"; include a pavement message X in yellow indicating "No Parking - Loading Zone". Also, see City Standard Drawings B-98001 and B-90013 for striping details. 17. Proof of other agency permits shall be required prior to the issuance of other X permits. 18. Show written and graphic scale on all sheets. X 19. Indicate stall widths on plans. X 20. Orient the dumpster enclosure in a southwest direction to facilitate efficient X pick-up and maneuvering. BUILDING DIVISION Comments: 21. Relocate the two (2) handicap parking spaces located on the south side of the X 4-story building to one (1) space on the east side and one (1) space of the west side of the building. 22. At time of permit review, submit signed and sealed working drawings of the X proposed construction. COA revised.doc 03/13/02 4 DEPARTMENTS INCLUDE REJECT 23. At time of permit review, submit for review an addressing plan for the X project. PARKS AND RECREATION Comments: None X FORESTER/ENVIRONMENTALIST Comments: 24. Indicate on the landscape plan the existing desirable trees that will be X preserved, relocated or removed and replaced on the site. 25. Indicate on the plans the newly planted trees that are replacements (separate X symbol) for the removed trees. These trees should be in addition to the Landscape Code required trees on the site. PLANNING AND ZONING Comments: 26. Since this project is phased, this site plan is only valid for one (1) year from X the date of City Commission approval and an additional fee is required. Indicate the timing for the phasing. The sequence of construction will be per phasing delineation shown on the site plan. Any change to the phasing plan will be subject to a minor site plan modification request. 27. The maximum allowable height in the C-3 zoning district is 45 feet. Any X eligible architectural elements listed in Chapter 2, Section 4.F.2, such as parapets or towers as shown on the plan exceeding this limit will require approval of a height exception. The proposed height should be indicated in the tabular data of the site plan. 28. In an effort to achieve further compatibility with the surrounding properties, X staff recommends reducing the height of both pole signs to a maximum of 12 feet in height and eliminating the Light Emitting Diodes (LED) Scoreboard display. 29. The building area and proposed uses in the traffic impact analysis do not X match the area (57,750 square feet vs. 59,290 square feet) and uses on the site plan. Submit a revised traffic study prior to City Commission review. 30. Provide cross access agreements between the subject property and the X property to the south. 31. Include a color rendering of all elevations prior to the Planning & X Development Board meeting (Chapter 4, Section 7.D.2.). COA revised.doc 03/13/02 5 DEPARTMENTS INCLUDE REJECT 32. Submit a color sample / swatch of all major exterior finishes prior to the X Planning & Development Board meeting. Each sample and / or elevation shall include the manufacturer's name and color code (Chapter 4, Section 7.D.1.). 33. All required trees shall be at minimum 12 feet overall height and 3 caliper X inches when planted (Chapter 7.5, Article II, Section 5.C.2.). 34. Prior to the Planning & Development Board, on the site plan or separate X sheet, provide a detail or typical of all outdoor freestanding lighting fixtures. The detail must include the pole material, height, and color. The design, style, and illumination level shall be compatible with the building design (height) and shall consider safety, function, and aesthetic value (Chapter 9, Section 10.F. 1.). 35. Sculptures, fountains, gardens, pools, and benches shall be encouraged within X the site design (Chapter 9, Section 10.H.). The site plan indicates that a fountain and a planter is proposed near the four-story building. Provide a detail of both. 36. Wall signs shall be designed and treated as part of the architecture of a X building and shall be reviewed at the time of site plan review. On the elevations, indicate the color, type and height of all wall signs (Chapter 9, Section 10.I. 1.). The number of colors used for tenant signage for multiple tenant buildings shall be limited to two, in addition to white and black. Colors of nationally registered copy of tenants within the building shall be included in this limitation (Chapter 9, Section 10.I.3). Despite the code limit to two colors, staffrecommends limiting the sign color of the tenants of the one-story building to match the Walgreen's sign. 37. All plant material proposed within utility easements must obtain approval X from the Utilities Department. The proposed West Indies Mahogany trees' roots may conflict with the existing 8-inch Ductile Iron Pipe water main, located in the utility easement along the west property line. 38. A buffer wall is required along the west perimeter buffer where the subject X property abuts a residential district. The buffer wall shall not abridge any easement rights or be constructed over any existing utilities in any easement area and shall be setback at least two (2) feet from adjoining property lines (Chapter 2, Section 4.L.). The existing easements may preclude the placement of the buffer wall along the west property line. The applicant will be required to either obtain a variance to omit the wall or to erect the wall outside the easement area (see Utilities conditions). 39. Staff recommends that in the southwest comer of the site along the west X perimeter landscape buffer where there is no utility easement, the West Indies Mahogany trees shall be spaced closer than 30 feet apart as currently COA revised.doc 03/13/02 6 DEPARTMENTS INCLUDE REJECT proposed. See Commission condition #45 relative to spacing of mahogany trees. 40. At the southeast comer of the site (along Congress Avenue), relocate the X proposed Live Oak tree either a few feet to the north or south of the pedestrian link to the public right-of-way sidewalk so that there are no conflicts within the pedestrian walkway. 41. The floor plan and elevations for the four-story building must correspond to X each other with regards to the entrances to the building. In parking areas, the handicap parking spaces must be situated closest to entrances where handicap ramps are required or provided. No handicap spaces shall be located where no building entrances or handicap ramps are provided or proposed. ADDITIONAL PLANNING & DEVELOPMENT BOARD CONDTIONS Comments: 42. None X ADDITIONAL CITY COMMISSION CONDITIONS Comments: 43. No coin-operated or other types of stand-alone vending machines shall be X permitted outside the one-story building or the four-story building 44. The temporary and permanent outdoor storage of shopping carts is strictly X prohibited. This includes but is not limited to the dedication of parking stalls, drive aisles, or sidewalks, as a place for the storage of shopping carts. Said shopping carts must be returned and kept inside the buildings. 45. Along the west landscape buffer within the utility easement, the applicant X shall replace the proposed Sabal Palm trees with Royal Palm trees (at same specifications). In addition, the Areca Palm trees and appropriate shrub material shall be installed at a height that will function as a significant lower- to-midlevel visual buffer. The landscape material proposed in said west landscape buffer shall be continued to the southwest comer of the subject site. The West Indies Mahogany trees proposed on the west landscape buffer shall be installed at a more "mature" height and will be planted tip-to-tip. A mixture of "mature" Royal Palm trees and "mature" Live Oak trees shall be installed alon$ the north and east property lines. MWR/elj \\CH\MAIN\SHRDATA\Planning\SHARED\WP\PROJECTS\Woolbright Plaza\COUS 01-007~COA revised.doc EXHIBIT"D" 2~-2~' 5ADAL PALM~ C:LUSTEF;~..E~ IN Q~OUP5 Of: TNF;~J~E UJITI-I $~-IFL~ S UN ED E F:;~'q E ATFI 12-14' AF~JECA PALM5 Fo' COCOPLUM HEE)GE PF~OPE ~T'r' LINE Id:)' UJNEEL 5TOP. EDGF_ OF PAVEMENT LUEST ~,LIFFEF~ E)ETAIL DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTTON NO. R02-017 - RE: APPROVZNG .1OZNT PRO.1ECT PARTTCZPATZON/FUNDZNG AGREEMENT WZTH PALM BEACH COUNTY FOR THE CONSTRUCTTON OF BOYNTON BEACH BOULEVARD AND MZLZTARY TRAZL ZNTERSECTZON ZMPROVEMENTS ZN AN AMOUNT NOT TO EXCEED $27,220 AS TT APPEARED ON THE CI'TY COMMI'SSZON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUMBER R02-037 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUT1'ON NO. R02-0:1.8 - RE: APPROVZNG FULL RELEASE OF SURETY FOR WATER ~'t4PROVEt4ENTS FOR THE PRO.1ECT KNOWN AS HARRTSON I't4PORT/EXPORT~ AND REFUNDi'NG :$600 TO THE DEVELOPER~ CONTRACTORS PlANAGEt4ENT SERVI'CES~ ZNC. AS I'T APPEARED ON THE CTTY COMMTSSTON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUI~IBER R02-038 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTZON NO. R02-0:[9 - RE: APPROVZNG FULL RELEASE OF SURETY FOR WATER ZMPROVEMENTS FOR THE PRO3ECT KNOWN AS PGD ZNC,f AND REFUNDTNG THE CASH SURETY OF $825 TO CHRTS AND SHELLEY O'HARE AS ZT APPEARED ON THE CTTY COMMZSSTON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUMBER R02-039 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTi'ON NO. R02-020 - RE: APPROVI'NG FULL RELEASE OF SURETY FOR WATER AND SEWER I'MPROVEt4ENTS FOR THE PRO3ECT KNOWN AS Yt4CA, AND RETURNTNG THE LE'I-rER OF CREDI'T FROH COHERTCA BANK TO THE DEVELOPER AS IT APPEARED ON THE CITY COMMISSION AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUMBER R02-040 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTZON NO, R0 2-02 :[ - RE: RATZFYZNG SOUTH CENTRAL REGZONAL WASTEWATER TREATIqENT & DZSPOSAL BOARD ACTZON OF 3ANUARY 17~ 2002 AND APPROVING FUNDZNG FOR TASK ORDER WZTH CONSULTZNG ENGZNEER HAZEN & SAWYER FOR PRELZI~IZNARY DESZGN REPORT TO EXPAND THE SOUTH CENTRAL REGZONAL WASTEWATER TREATI~IENT & DZSPOSAL BOARD'S RECLAZI~IED WATER SYSTEI~I TO 24 I~IGD~ ZN THE AI~IOUNT OF $47~100 AS ]:T APPEARED ON THE CTTY COMMTSSTON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUMBER R02-041 DUE TO A SCRTVENER'S ERROR, PROPOSED RESOLUTZON NO. R02-022 - RE: APPROVZNG ~ULL RELEASE OF SURETY FOR WATER ZMPROVEMENTS FOR THE PRO.1ECT KNOWN AS BOYNTON COMMERCE CENTER ZZ~ AND RETURNi'NG THE LE'n'ER OF CREDZT FROM MELLON UNZTED NATZONAL BANK ZN THE AMOUNT OF $33~550 TO THE DEVELOPER AS TT APPEARED ON THE CTTY COt4t4ZSSTON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUPlBER R02-042 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTZON NO. R02-024 - RE.' AUTHORZZZNG STAFF TO REI~IOVE AND/OR REFUND ALL PENALTY FEES ASSOCZATED WZTH LATE PAYMENT OF 2002 OCCUPATZONAL LZCENSE RENEWAL AS TT APPEARED ON THE CITY COMMISSTON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUI~IBER R02-044 DUE TO A SCRI'VENER'S ERROR, PROPOSED RESOLUTZON NO. R02-023 - RE: APPROVI'NG AN AGREEMENT FOR WATER SERVI'CE OUTSt'DE OF THE Ct'TY Lzt4]'TS AND COVENANT FOR ANNEXATZON WZTH POLO R:[DGE DEVELOPER, LLC, FOR A PARCEL OF LAND LOCATED ON THE WEST St'DE OF STATE ROAD AIA, APPROX'rMATELY 197 FEET NORTH OF SEA ROAD AS I'T APPEARED ON THE CI'TY COMMI'SSZON AGENDA FOR 03/05/02 HAS BEEN CHANGED TO NUMBER R02-043 BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. /~~ ~ Name ~/j~2 ]t~ Address Telephone # Agenda # Summary of Matter to be Addressed /~c/~./x /? fi- //J/~'~l' _ . , .~_.~_ //t i /,, ,--,, If a person decides to appeal any decision ma ~ y t e City Commission with respect to any matter conside~ at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105) The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meetin~ Name /"'-~'/'~/O,,'C /~' ~ C- / Address Telephone # Summary of Matter to be Addressed Agenda # If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105) The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561} 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and give to the City Clerk prior tilt-he start of the City Commission Meeting. ~-~ J Name dress Telephone~ ~'--~~,~ ~ Agenda~ ~ ~ ~ ~ ~ Summa~ of Matter to be Add~ssed- {O~opic per card} If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105} The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and Eive to the City Clerk prior to the start of the City Commission MeetinE. Name ~*~,( ~l C~' ~<~:!~-~/ /~ - , Summa~ of Matter to be ~ne topic per cardl If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105) The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and llive to the City Clerk ~rior to the start of the City Commission Mee.tin~. Name ~) ~ ~/~/~ Z__~:~'~'c__. ~ Telenhone ~ ~ ~ ?- / ~ ~~ ~ A: 'enda Sum~a~ of Matter to be Addressed ~~opic per card~ If a person decides to appeal any decision made by the City Commission with respect to any matter co~idered at this meetly, he/she will need a record of the proceed~gs and, for such purpose, he/she may need to ensure that a verbatim record of the proceed~gs made, which record includes the testimony and e~dence upon which the appeal is to be based. (F.S. 286.0105) The City shaft f~ntsh appropriate a~la~ aids and se~ces where necessa~ to afford an ~di~d~l with a d~abflity an equal opportunity to participate in and enjoy the benefits of a se~ce, program, or acti~ty conducted by the Ci~. ~ease contact Joyce Costello, (561) 742-6013 at least ~enty-fo~ hours prior to the program or acti~ty in order for the ci~ to rea~nably accommodate yo~ request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Address Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. Name /~t _~.~ Telephone Summary of Matter to be~ddr sed Agenda # If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105~ The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, programs or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and give to the City Clerk prior to the start of the City NameCommission Meeting. Address Telephone# / end a# /~.~~ Summary of Matter to be Ad~/~ If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105) The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561} 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. O BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and t~ive to the City Clerk p~r to the start of the City Commission Meetin~ //~ ~ Name /'~_/J~Z'/~/~'~ /(/~ / ~ Telephone ~ 7~/~ fJ~Y ~ enda Summa~ of Matter to be Addresse~ ~ (O~e topic per card} If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meetinE, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105} The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and give to the City Cler~rior to the start of the Commission Meeting. Name /- / v'7' / t / Address Telephone ~ ~ ~ ~> - A~enda Summa~'~ ~°f Matter to bel~dr~es~ed topic per If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105! The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. Name ~/~// /_~ /~ff//e/~ ~ Address / /)//~ / N~ ~f/~/~ ~ ~ Telephone Summa~ of Matter to be *~~ ~~ ~ k ~ ~a If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105) The City shail furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the informatiOn called for below and give to the City Clerk prior to the start of the City Commission Meeting. ~ Telephone # ,~ ~ff--g~Z ~j/ ~ Summary of Matter to be Addresse~,d~ _ _//~~~ If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105~ The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request.  BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PU J' AUDIENCE Fill in the information called for below and give to the City prior to the start of the City Commission Meeting. Name Address Telephone # Summary of Matter to be Addressed ~ ~/~ ~_(L// If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105} The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. Name Address ~-~-~ ~/~',~/.'/~~-~---//~ /~,/~-~~~ Telephone#~(~/.~/i/]~7.~ ~/~//~ 'J~ ' . Summary of Matter t~ beAddre' -- ~:~'/ MD ~L-~-~~' If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, whtch record includes the testimony and evidence upon which the appeal is to be baaed. (F.S. :286.0105} The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. Name Address Telephone, Summa~ of Matter to b~~ ~' / ~~/ If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105) The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and give to the City Clerk prior to the start of the City Commission M.eeting. ~ ~ Name ~//~ ~ tkl ~ ?F_. ,~[ ~ ~/~t) L./)~ ~ /~ S~ma. of Matt:r to be Ad~r2~ '2.~ ~'~~ ~ If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105) The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561} 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE C°mmissi°n ~iI~g' ! I ~ Name ~--a~ '~J"l~~ // Address ~]1~- ~___i~. ~---~ ~~ Telephone~ ~ ~~ ~~ Summa~ of Matter to be Ad~d ~~ ~ ~ %[ ~ ~~ Fill in the information called for below and give to the City Clerk prior to the start of the City If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105) The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costeilo, (561} 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and/live to the City Clerk prior to the start of the City Commission MeetinE. ~// Name ~-/~ (~ ~ ~'~ ~) J Address ~ / ff~}'~J' ~ L ~,~-o ~9~ ///ff Telephone# ~ ~?~ ~5~ Summaryof Matter to be A~~_[[>~/~/~ E/~/~J ,~ If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105} The City shah furnish appropriate auxiliary aids and sel~rices where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, (561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. BOYNTON BEACH CITY COMMISSION MEETING PUBLIC COMMENT CARD FOR ITEMS NOT ON THE AGENDA - PUBLIC AUDIENCE Fill in the information called for below and give to the City Clerk prior to the start of the City Commission Meeting. Name ffff~'~ ~ /~/~//-/~/~ "/'/' / ~ Address ~~ ~'~~ -~-- ~ Telephone ~ ~ ~~ ~ ~~ / If a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meetinE, he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (F.S. 286.0105} The City shah furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a se~ice~ program~ or activity conducted by the City. Please contact Joyce Costello, {561) 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request. O B OYNTO N B EACH CITY CO M M ISSIO N M EETIN~~ i ~ ~~~ PUBLIC COMMENT CARD AGENDA ITEMS Fill in the information called for below and Igive to the City.prior to the start of the City Commission MeetinE. Name ! Address Telephone # ~ ~ {- ~ ~ ~ ~ ~ ~ ~~ . AEenda Summa~ of Matte~o be Addressed ~~ topic per card) If a person decides to appeal any decision made by the City Commission with respect to any matter considered at eht~ meeetnE~ he/she will need a record of the proceedings and, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. {F.S. 286.0105) The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity conducted by the City. Please contact Joyce Costello, {561} 742-6013 at least twenty-four hours prior to the program or activity in order for the city to reasonably accommodate your request.