STATISTICALSECTION



This part of the City of Aventura’s annual comprehensive financial report presents detailed

informationasacontextforunderstandingwhattheinformationinthefinancialstatements,note

disclosures,requiredsupplementaryinformation,andsupplementaryinformationsaysaboutthe

City’soverallfinancialhealth.





Contents



Page



FinancialTrends 78Ͳ84



Theseschedulescontaintrendinformationtohelpthereaderunderstandhowthe

City’sfinancialperformanceandwellͲbeinghavechangedovertime.



RevenueCapacity 85Ͳ88



TheseschedulescontaininformationtohelpthereaderassesstheCity’smost

significantlocalrevenuesource,thepropertytax.



DebtCapacity 89Ͳ92



Theseschedulescontaininformationtohelpthereaderassesstheaffordabilityof

theCity’scurrentlevelsofoutstandingdebtandtheCity’sabilitytoissueadditional

debtinthefuture.



DemographicandEconomicInformation 93Ͳ94



Theseschedulesofferdemographicandeconomicindicatorstohelpthereader

understandtheenvironmentwithinwhichtheCity’sfinancialactivitiestakeplace.



OperatingInformation

 95Ͳ97

Theseschedulescontainserviceandinfrastructuredatatohelpthereader

understandhowtheinformationintheCity’sfinancialreportrelatestothe

servicestheCityprovidesandtheactivitiesitperforms.





Sources: Unless otherwise noted, the information in these schedules is derived from the annual

comprehensivefinancialreportsfortherelevantyears.





78

) 2012201320142015201620172018201920202021 $59,176,872$63,727,119$69,229,415$68,719,115$69,973,180$69,676,810$56,363,585$83,298,863$83,259,653$81,618,679 2,240,0132,910,4523,778,5203,271,4713,856,0175,084,90217,073,4778,300,5697,873,6768,012,142 39,900,02036,690,64936,726,44138,897,28737,512,48140,147,28745,458,00531,633,82230,683,45033,075,470 $101,316,905$103,328,220$109,734,376$110,887,873$111,341,678$114,908,999$118,895,067$123,233,254$121,816,779$122,706,291 $7,126,772$6,829,449$6,532,125$6,775,365$6,809,456$8,464,648$8,942,582$8,959,654$9,302,065$9,710,999 1,429,0431,703,7132,056,6162,549,4182,265,033912,350314,906516,304810,750623,861 $8,555,815$8,533,162$8,588,741$9,324,783$9,074,489$9,376,998$9,257,488$9,475,958$10,112,815$10,334,860 $66,303,644$70,556,568$75,761,540$75,494,480$76,782,636$78,141,458$65,306,167$92,258,517$92,561,718$91,329,678 2,240,0132,910,4523,778,5203,271,4713,856,0175,084,90217,073,4778,300,5697,873,6768,012,142 41,329,06338,394,36238,783,05741,446,70539,777,51441,059,63745,772,91132,150,12631,494,20033,699,331 $109,872,720$111,861,382$118,323,117$120,212,656$120,416,167$124,285,997$128,152,555$132,709,212$131,929,594$133,041,151

FiscalYear 

79

CityofAventura,Florida ChangesinNetPosition LastTenFiscalYears (AccrualBasisofAccounting) 2012201320142015201620172018201920202021 Expenses: Governmentalactivities: Generalgovernment$4,977,304$5,116,689$5,340,426$5,472,458$5,435,311$6,152,071$6,852,644$6,499,306$6,623,623$6,530,759 Publicsafety19,571,42319,776,83321,178,33521,260,56828,476,91322,977,30526,270,64628,048,17625,293,21926,134,934 Communityservices15,187,99116,006,41016,927,31418,108,07518,537,06613,906,23913,883,64414,522,25520,174,12921,581,551 PublicworksͲͲͲͲͲ5,972,2966,808,3276,594,6475,078,2845,490,916 Interestandfiscalcharges1,187,024976,609904,834811,973780,591691,208823,128915,785839,016705,175 Totalgovernmentalactivities40,923,74241,876,54144,350,90945,653,07453,229,88149,699,11954,638,38956,580,16958,008,27160,443,335 BusinessͲtypeactivities: Stormwaterutility758,185872,010805,636693,8641,165,564990,7161,479,4731,135,2361,067,6211,071,324 TotalbusinessͲtypeactivities758,185872,010805,636693,8641,165,564990,7161,479,4731,135,2361,067,6211,071,324 Totalprimary governmentexpenses$41,681,927$42,748,551$45,156,545$46,346,938$54,395,445$50,689,835$56,117,862$57,715,405$59,075,892$61,514,659 ProgramRevenues: Governmentalactivities: Chargesforservices: Publicsafety$5,413,866$5,276,699$6,369,993$6,839,027$9,155,350$8,438,187$10,703,033$9,013,897$5,956,969$7,257,567 PublicworksͲͲͲͲͲͲͲͲͲ50,451 Communityservices1,621,3341,704,5291,633,2331,828,0161,940,7082,008,5472,168,1192,415,2501,560,8081,187,005 Operatinggrantsandcontributions7,032,0457,323,8417,841,1608,261,21710,330,0758,951,7239,859,1519,494,29911,058,74313,121,152 Capitalgrantsandcontributions676,604723,9974,428,0981,253,396475,022237,244288,1741,270,000994,7791,623,343 Totalgovernmentalactivities programrevenues14,743,84915,029,06620,272,48418,181,65621,901,15519,635,70123,018,47722,193,44619,571,29923,239,518 BusinessͲtypeactivities: Chargesforservices: Stormwaterutility892,395846,921857,558926,278904,1161,283,9151,253,5141,347,0091,442,3331,376,473 CapitalgrantsandcontributionsͲͲͲͲͲͲͲͲ252,106Ͳ TotalbusinessͲtypeactivities programrevenues892,395846,921857,558926,278904,1161,283,9151,253,5141,347,0091,694,4391,376,473 Totalprimarygovernment programrevenues$15,636,244$15,875,987$21,130,042$19,107,934$22,805,271$20,919,616$24,271,991$23,540,455$21,265,738$24,615,991

FiscalYear

80

) 2012201320142015201620172018201920202021 $(26,179,893)$(26,847,475)$(24,078,425)$(27,471,418)$(31,328,726)$(30,063,418)$(31,619,912)$(34,386,723)$(38,436,972)$(37,203,817) 134,210(25,089)51,922232,414(261,448)293,199(225,959)211,773626,818305,149 $(26,045,683)$(26,872,564)$(24,026,503)$(27,239,004)$(31,590,174)$(29,770,219)$(31,845,871)$(34,174,950)$(37,810,154)$(36,898,668) $11,724,189$12,080,224$12,791,444$13,977,630$15,008,874$16,349,089$16,747,025$17,051,593$17,557,171$17,346,855 7,772,0007,551,8997,933,5357,872,4837,720,4967,655,8038,052,6949,158,3989,435,4329,604,135 3,070,0652,823,4902,289,7212,294,6672,365,8531,979,4372,544,7722,399,4562,201,6194,381,329 4,917,1075,238,7105,767,4565,960,7606,157,1107,141,4856,632,9176,413,5945,336,3086,364,811 22,426655,74377,6076,775255,022145,4981,140,4941,292,803598,318Ͳ 174,15265,72689,941182,464260,113347,537650,1831,627,1251,432,82275,749 284,916597,9161,534,877377,90815,06311,89028,560781,941459,534299,850 ͲͲͲͲͲͲͲͲ(67,841)Ͳ l 27,964,85529,013,70830,484,58130,672,68731,782,53133,630,73935,796,64538,724,91036,953,36338,072,729 ͲͲͲ496,293ͲͲ100,000ͲͲͲ ͲͲͲͲͲͲͲͲ(83,813) 4,1242,4363,6577,33511,1549,3106,4496,69710,039709 4,1242,4363,657503,62811,1549,310106,4496,69710,039(83,104) $27,968,979$29,016,144$30,488,238$31,176,315$31,793,685$33,640,049$35,903,094$38,731,607$36,963,402$37,989,625 $1,784,962$2,166,233$6,406,156$3,201,269$453,805$3,567,321$4,176,733$4,338,187$(1,483,609)$868,912 138,334(22,653)55,579736,042(250,294)302,509(119,510)218,470636,857222,045 $1,923,296$2,143,580$6,461,735$3,937,311$203,511$3,869,830$4,057,223$4,556,657$(846,752)$1,090,957 theCharterSchoolsoftheCityarepresentedasofandfortheyearendedJune30th.Fiscal

Year

81

CityofAventura,Florida

Tax Utility

Fiscal Roll AdValorem Service Franchise

Year Year Taxes Taxes Fees Total

2012 2011 $ 11,724,189 $ 7,772,000 $ 3,070,065 $ 22,566,254

2013 2012 12,080,224 7,551,899 2,823,490 22,455,613

2014 2013 12,791,444 7,933,535 2,289,721 23,014,700

2015 2014 13,977,630 7,872,483 2,294,667 24,144,780

2016 2015 15,008,874 7,720,496 2,365,853 25,095,223

2017 2016 16,349,089 7,655,803 1,979,437 25,984,329

2018 2017 16,747,025 8,052,694 2,544,772 27,344,491

2019 2018 17,051,593 9,158,398 2,399,456 28,609,447

2020 2019 17,557,171 9,435,432 2,201,619 29,194,222

2021 2020 17,346,855 9,604,135 4,381,329 31,332,319

GovernmentalActivitiesTaxRevenuesbySource LastTenFiscalYears

(AccrualBasisofAccounting)



82

ernmentalFunds lBasisofAccounting) 2012201320142015201620172018201920202021 $33,045$285,056$358,893$448,765$416,956$496,322$537,563$630,695$351,524$696,872 19,773,48819,773,48821,378,32421,405,56121,575,91121,895,75619,772,30419,772,30419,772,30419,772,304 5,747,4361,995,152789,486313,426898,4951,541,402559,263399,087361,257841,192 14,084,22214,459,66713,582,75416,912,17119,724,32821,290,15315,541,09520,350,48821,148,40324,156,021 $39,638,191$36,513,363$36,109,457$39,079,923$42,615,690$45,223,633$36,410,225$41,152,574$41,633,488$45,466,389 $30,759$Ͳ$9,466$9,466$11,961$11,961$11,961$9,466$9,465$23,019 ͲͲͲͲͲͲͲ1,779,618ͲͲ 2,240,0132,910,4523,778,5203,271,4714,286,4335,084,90217,073,4778,300,5697,873,6768,012,142 2,196,4782,153,3012,999,0944,376,4293,877,7562,648,4083,361,02915,7842,028,124657,245 ͲͲͲͲͲͲͲ(1,350,803)(2,319,884)(2,473,438) $4,467,250$5,063,753$6,787,080$7,657,366$8,176,150$7,745,271$20,446,467$8,754,634$7,591,381$6,218,968

FiscalYear

83

CityofAventura,Florida 2012201320142015201620172018201920202021 Revenues: Advaloremtaxes$11,724,189$12,080,224$12,791,444$13,977,630$15,008,874$16,349,089$16,747,025$17,051,593$17,557,171$17,346,855 Utilityserviceandother7,486,7917,856,7697,884,8307,872,4837,720,4967,655,8038,052,6949,158,3989,230,4019,696,071 Franchisefees3,070,0652,823,4902,289,7222,294,6672,374,9531,979,4372,544,7722,399,4562,201,6194,381,329 Licensesandpermits2,522,6652,489,7073,231,0913,930,5475,459,8914,978,7217,010,1084,192,5942,220,5542,872,946 Intergovernmentalrevenues11,738,61012,432,70513,115,27113,707,81413,952,10114,496,89215,200,77817,293,27317,319,09620,517,005 Chargesforservices2,891,6472,997,9163,147,9893,721,3625,061,6194,363,7124,313,7184,711,8653,562,1993,486,725 Finesandforfeitures2,459,2762,371,5442,652,6152,783,2223,008,3042,787,6282,653,6952,706,8281,734,0242,135,352 Impactfees22,426655,7436,0066,775255,022145,4971,140,4941,292,803598,318Ͳ Investmentincome174,15265,72689,941182,464260,077347,537650,1831,627,1251,432,82275,749 Miscellaneous303,795380,446474,234336,529311,886264,948514,920437,552690,764339,400 Totalrevenues42,393,61644,154,27045,683,14348,813,49353,413,22353,369,26458,828,38760,871,48756,546,96860,851,432 Expenditures: Current: Generalgovernment4,266,9814,437,5254,536,9834,631,8474,786,0535,303,7565,839,3545,529,6005,835,9845,664,264 Publicsafety18,413,32518,820,62719,682,93720,151,30622,019,80522,835,27924,752,57124,528,21323,831,44124,828,526 Communityservices12,305,72012,727,04713,654,90813,878,86314,898,67811,445,97311,893,20612,767,00114,837,52417,297,056 PublicworksͲͲͲͲͲ4,421,4614,733,8974,783,9724,877,6645,230,744 Capitaloutlay3,050,2568,158,6275,074,8223,804,6025,125,2954,653,94212,150,28917,247,1144,339,9032,935,519 Debtservice: Principal960,0001,590,0001,675,0001,735,0001,790,0001,850,0001,930,0002,120,0002,705,0001,785,000 Advancerefundingescrow597,856ͲͲͲͲͲͲͲͲͲ Interest987,303948,769867,979811,973753,904693,679769,842867,530801,084670,435 Trusteefeesandother77,909ͲͲͲͲͲͲͲͲͲ Totalexpenditures40,659,35046,682,59545,492,62945,013,59149,373,73551,204,09062,069,15967,843,43057,228,60058,411,544 Excess(deficiency)ofrevenues overexpenditures1,734,266(2,528,325)190,5143,799,9024,039,4882,165,174(3,240,772)(6,971,943)(681,632)2,439,888 Otherfinancingsources(uses): Issuanceofdebt9,885,000ͲͲͲͲͲ7,100,000ͲͲͲ SaleofgeneralcapitalassetsͲͲ1,128,90740,85015,06311,89028,56022,459ͲͲ Transfersin2,747,8032,657,8822,773,6852,666,3342,644,9082,644,5029,273,3353,478,9423,743,3532,744,214 Transfersout(2,747,803)(2,657,882)(2,773,685)(2,666,334)(2,644,908)(2,644,502)(9,273,335)(3,478,942)(3,810,994)(2,744,214) Paymenttorefundedbondescrow agent(9,810,000)ͲͲͲͲͲͲͲͲͲ Totalotherfinancing sources(uses)75,000Ͳ1,128,90740,85015,06311,8907,128,56022,459(67,641)Ͳ Netchangein fundbalances$1,809,266$(2,528,325)$1,319,421$3,840,752$4,054,551$2,177,064$3,887,788$(6,949,484)$(749,273)$2,439,888 Debtserviceasapercentageof noncapitalexpenditures5.11%6.54%6.17%6.01%5.63%5.46%4.67%5.84%6.41%4.37%

(ModifiedAccrualBasisofAccounting)

ChangesinFundBalancesofGovernmentalFunds LastTenFiscalYears FiscalYear

84

entalRevenuesBySource lBasisofAccounting) LicensesInterͲ emUtilityTaxesFranchiseandGovernmentalChargesFinesandImpactInvestment esandOtherFeesPermitsRevenuesforServicesForfeituresFeesIncomeMiscellaneousTotal $7,486,791$3,070,065$2,522,665$11,738,610$2,891,647$2,459,276$22,426$174,152$303,795$42,393,616 7,856,7692,823,4902,489,70712,432,7052,997,9162,371,544655,74365,726380,44644,154,270 7,884,8302,289,7223,231,09113,115,2713,147,9892,652,6156,00689,941474,23445,683,143 7,872,4832,294,6673,930,54713,707,8143,721,3622,783,2226,775182,464336,52948,813,493 7,720,4962,374,9535,459,89113,952,1015,061,6193,008,304255,022260,077311,88653,413,223 7,655,8031,979,4374,978,72114,496,8924,363,7122,787,628145,497347,537264,94853,369,264 8,052,6942,544,7727,010,10815,200,7784,313,7182,653,6951,140,494650,183514,92058,828,387 9,158,3982,399,4564,192,59417,293,2734,711,8652,706,8281,292,8031,627,125437,55260,871,487 9,230,4012,201,6192,220,55417,319,0963,562,1991,734,024598,3181,432,822690,76456,546,968 9,696,0714,381,3292,872,94620,517,0053,486,7252,135,352Ͳ75,749339,40060,851,432

85

CityofAventura,Florida Less:Assessed TaxTotalTotalEstimatedValueasa TaxExemptTaxableDirectActualPercentage FiscalRollRealPersonalRealAssessedTaxTaxableofActual YearYearPropertyPropertyPropertyValueRateValue(1)Value 20122011$7,599,224,177$212,774,157$(521,364,015)$7,290,634,3191.7261$8,158,847,193$89.359% 201320127,832,825,557216,503,467(548,090,007)7,501,239,0171.72618,489,607,87188.358% 201420138,109,509,199211,480,897(534,557,698)7,786,432,3981.72619,019,164,45786.332% 201520148,734,453,409198,681,857(538,824,136)8,394,311,1301.726110,144,322,01382.749% 201620159,418,840,654208,455,823(532,334,375)9,094,962,1021.726111,145,485,99681.602% 2017201610,256,329,248216,738,181(571,373,185)9,901,694,2441.726112,029,604,13382.311% 2018201710,450,567,929223,735,802(575,305,868)10,098,997,8631.726111,839,266,62885.301% 2019201810,669,786,837251,121,004(555,067,665)10,365,840,1761.726111,891,380,99187.171% 2020201911,012,770,618286,759,608(559,343,594)10,740,186,6321.726112,261,439,43287.593% 2021202010,835,195,692309,145,157(594,123,975)10,550,216,8741.726111,824,717,39789.222% Note:(1)FloridaLawrequiresthatallpropertybeassessedatcurrentfairmarketvalue.

AssessedValueandEstimatedActualAssessedValueofTaxableProperty LastTenFiscalYears

86

Other SouthTotal FloridaFloridaDirect ebtTotalDebtTotalWaterInlandTotalDebtFireTotaland viceCityOperatingVotedServiceSchoolManagementEvergladesOkeechobeeNavigationalRegionalOperatingServiceandFireCountyChildren'sOverlapping geMillageMillageOperatingMillageMileageMileageProjectBasinDistrictMillageMillageMillageRescueDebtLibraryMillageTrustRates 00001.72617.76500.00000.24008.00500.37390.06240.00000.03450.47084.80500.28502.44960.01310.17957.73220.500018.4341 00001.72617.76500.00000.23307.99800.36760.06130.00000.03450.46344.70350.28502.44960.01310.17257.62370.500018.3112 00001.72617.64400.00000.33307.97700.35230.05870.00000.03450.44554.70350.42202.44960.01270.17257.76030.500018.4089 00001.72617.77500.00000.19907.97400.15770.05480.17170.03450.41874.66690.45002.42070.01140.28407.83300.500018.4518 00001.72617.41300.00000.19907.61200.14590.05060.15860.03200.38714.66690.45002.42070.00860.28407.83020.500018.0554 00001.72617.13800.00000.18407.32200.13590.04710.14770.03200.36274.66690.40002.42070.00750.28407.77910.500017.6899 00001.72616.77400.00000.22006.99400.12750.04410.13840.03200.34204.66690.40002.42070.00750.28407.77910.467317.3085 00001.72616.50400.00000.22906.73300.12090.04170.13100.03200.32564.66690.46442.42070.00000.28407.83600.441517.0622 00001.72617.02500.00000.12307.14800.11520.03970.12460.03200.31154.66690.47802.42070.00000.28407.84960.468017.5032 00001.72616.18600.75000.19307.12900.11030.03800.11920.03200.29954.66690.47802.42070.00000.28407.84960.450717.4549 Appraiser'sOffice.

SchoolDistrictenturaRegionalMiamiͲDadeCounty

Governments bleValue) OverlappingRates

87

CityofAventura,Florida FiscalYear PercentagePercentage TotalTotal TaxableTaxableTaxableTaxable AssessedAssessedAssessedAssessed TypeofUseValueRankValueValueRankValue AventuraMallVentureLessorShoppingCenter$616,486,62515.84%$398,448,02715.47% TBIsleResortLPGolfCourse,Hotel&Marina180,248,29321.71%63,471,53840.87% MiamiBeachHealthcareGroup,LTDHospital&HealthCareFacility148,874,09631.41%158,497,47922.17% RenaissanceAventura,LLCOfficeBuilding74,213,25340.70%ͲͲͲ FloridaPower&LightCo.ElectricalUtilityCompany63,312,54850.60%41,398,82770.57% AventuraHarbourBorrower,LLCOfficeBuilding59,200,00060.56%ͲͲͲ PromventureLimitedPartnershipShoppingCenter57,655,44470.55%ͲͲͲ SummitPropertiesPartnership,LPRentalApartmentComplex54,576,00080.52%47,000,00060.64% EquityOneFloridaPortfolioShoppingCenter48,549,17290.46%ͲͲͲ SCGAtlasAventura,LLCMultiͲFamily47,255,000100.45%ͲͲͲ CCͲAventuraInc.Independent/AssistedLivingFacilityͲͲͲ91,532,39331.26% D.SofferandB.RedichTRSCommercialDeveloperͲͲͲ49,913,39350.68% BruceStrohmandD.NeithercutTRSRentalApartmentComplexͲͲͲ40,000,00080.55% NNNAventuraHarbourCentre,LLCMixedUseZones&OfficesͲͲͲ38,100,00090.52% LincolnAventura,LLCRentalApartmentComplexͲͲͲ34,800,000100.48% Totals$1,350,370,43112.80%$963,161,65713.21% Source:MiamiͲDadeCountyOfficeofthePropertyAppraiser.

20212012 Taxpayer

PrincipalPropertyTaxpayers CurrentYearandNineYearsAgo

88

andCollections PercentagePercentage ofCurrentofTotal (1)Tax(2)Tax TaxPropertyPropertyNetCurrentCollectionsDelinquentTotalCollection RollTaxTaxTaxTaxtoNetTaxTaxtoProperty YearLevyDiscountLevyCollectionTaxLevyCollectionCollectionTaxLevy 2011$12,584,364$503,375$12,080,989$11,612,01596.12%$112,174$11,724,18993.16% 201212,947,889517,91612,429,97311,857,99195.40%222,23312,080,22493.30% 201313,440,161537,60612,902,55512,669,11298.19%122,33212,791,44495.17% 201414,489,420579,57713,909,84313,572,76497.58%404,86613,977,63096.47% 201515,698,814627,95315,070,86114,932,03699.08%76,83815,008,87495.61% 201617,091,314683,65316,407,66115,905,40996.94%443,68016,349,08995.66% 201717,431,880697,27516,734,60516,211,76396.88%535,26216,747,02596.07% 201817,892,477715,69917,176,77816,413,36895.56%638,22517,051,59395.30% 201918,538,636741,54517,797,09116,771,34494.24%785,82717,557,17194.71% 202018,210,729728,42917,482,30016,827,28096.25%519,57517,346,85595.26% County,Florida,TaxCollector. daLawallowsuptoa4%discountfortimelypaymentofpropertytaxes. correctionsandpenalties.

89

CityofAventura,Florida

BusinessͲType Activities

General Total Percentage Per

Fiscal Obligation Revenue Lineof Outstanding Primary ofPersonal Capita

Year Bonds Bonds Credit Bonds Government Income(1) (1)

2012 $ Ͳ $ 28,805,000 $ Ͳ $ Ͳ $ 28,805,000 1.91% $ 773.52 2013 Ͳ 27,215,000 Ͳ Ͳ 27,215,000 1.79% 721.40 2014 Ͳ 25,540,000 Ͳ Ͳ 25,540,000 1.64% 685.42 2015 Ͳ 23,805,000 Ͳ Ͳ 23,805,000 * 635.26 2016 Ͳ 22,015,000 Ͳ Ͳ 22,015,000 * 585.33 2017 Ͳ 20,165,000 Ͳ Ͳ 20,165,000 * 534.97 2018 Ͳ 25,335,000 Ͳ Ͳ 25,335,000 * 672.12 2019 Ͳ 23,215,000 Ͳ Ͳ 23,215,000 * 614.32 2020 Ͳ 20,510,000 Ͳ Ͳ 20,510,000 * 539.30 2021 Ͳ 18,725,000 Ͳ Ͳ 18,725,000 * 463.82

Notes: DetailsregardingtheCity'soutstandingdebtcanbefoundinthenotestothefinancialstatements.

(1)SeetheScheduleofDemographicandEconomicStatisticsforpersonalincomeandpopulationdata.

* Informationnotavailable.

GovernmentalActivities RatiosofOutstandingDebtbyType

LastTenFiscalYears

CityofAventura,Florida

RatiosofGeneralBondedDebtOutstanding LastTenFiscalYears

Less: Ratio

Amounts ofNet Net

Available Assessed Bonded Bonded

Gross inDebt Net Valueof Debtto Debt

Fiscal Bonded Service Bonded Taxable Assessed Per

Year Debt Funds Debt Property Value Capita(1)

2012 $ 28,805,000 $ 274,594 $ 28,530,406 $ 7,290,634,319 0.39% $ 766.14

2013 27,215,000 311,384 26,903,616 7,501,239,017 0.36% 713.15

2014 25,540,000 337,770 25,202,230 7,786,432,398 0.32% 676.35

2015 23,805,000 353,377 23,451,623 8,394,311,130 0.28% 625.83

2016 22,015,000 380,498 21,634,502 9,094,962,102 0.24% 575.22

2017 20,165,000 408,361 19,756,639 9,901,694,244 0.20% 524.13

2018 25,335,000 478,742 24,856,258 10,098,997,863 0.25% 659.42

2019 23,215,000 536,587 22,678,413 10,365,840,176 0.22% 600.12

2020 20,510,000 258,892 20,251,108 10,740,186,632 0.19% 532.49

2021 18,725,000 297,898 18,427,102 10,550,216,874 0.17% 456.44

Notes: DetailsregardingtheCity'soutstandingdebtcanbefoundinthenotestothefinancialstatements.

(1) SeetheScheduleofDemographicandEconomicStatisticsforpopulationdata.



91

CityofAventura,Florida

Estimated Percentage

Applicable Estimated toCityof Shareof

Debt Aventura Overlapping

Jurisdiction Outstanding (1) Debt

Overlappingdebt:

MiamiͲDadeBoardofCountyCommissioners(2) $ 5,114,532,820 3.337% $ 170,692,418

MiamiͲDadeCountySchoolBoard(2) 3,151,802,000 3.337% 105,188,240

Subtotaloverlappingdebt 8,266,334,820 275,880,658

Directdebt:

CityofAventura 18,725,000 100.000% 18,725,000

Subtotaldirectdebt 18,725,000 18,725,000

Totaldirectandoverlappingdebt $ 8,285,059,820 $ 294,605,658

Notes: (1) Thepercentageoftheoverlapiscalculatedasfollows:

Assessedvalueoftaxablepropertyisthebaseusedintheabovecalculation.

(2) Source:MiamiͲDadeCounty&MiamiͲDadeCountyPublicSchools,FinanceDepartment.

DirectandOverlappingGovernmentalActivityDebt September30,2021

Overlappingportionofthegovernment'srevenuebase(CityofAventura) Totalrevenuebaseoftheoverlappinggovernment(MiamiͲDadeCounty)

 

92

,Florida nInformation 2012201320142015201620172018201920202021 $729,063,432$750,123,902$778,643,240$839,431,113$909,496,210$990,169,424$1,009,899,786$1,036,584,018$1,074,018,663$1,055,021,687 ͲͲͲͲͲͲͲͲͲͲ $729,063,432$750,123,902$778,643,240$839,431,113$909,496,210$990,169,424$1,009,899,786$1,036,584,018$1,074,018,663$1,055,021,687 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00% LegalDebtMarginCalculationforFiscalYear2021 Assessedvaluationoftaxablerealandpersonalproperty$10,550,216,874 Bondeddebtlimit10%above(1)$1,055,021,687 Amountofdebtapplicabletodebtlimit: Totalbondeddebt$18,725,000 Less:debttoberepaidfromspecifiedrevenuesources: Covenanttobudgetandappropriate(18,725,000) TotalnetdebtapplicabletolimitͲ LegalDebtMargin(1)$1,055,021,687 eCityCharterallowsrevenuebondstobeissuedwhenauthorizedbytheCityCommission asfive(5)oftheseven(7)Commissionmembersapprovethedebt.AdValorem obligationbonds)mustbeapprovedbyreferendumoftheelectorate.TheCharter nolimitontheamountofthegeneralobligationdebt;however,theadopted alImprovementProgramprovidesthatgeneralobligationbondsshallnotexceed oftheCity'stotalassessedvalue.

FiscalYear 

93

CityofAventura,Florida

DemographicandEconomicStatistics LastTenFiscalYears

Personal

Income PerCapita

(Amounts Personal Unemployment

Fiscal Population Expressedin Income Rate

Year (1) Thousands) (2) (3)

2012 37,239 $ 1,508,701 $ 40,514 6.2%

2013 37,725 1,516,696 40,204 6.0%

2014 37,262 1,560,644 41,883 5.4%

2015 37,473 * * 5.8%

2016 37,611 * * 5.5%

2017 37,694 * * 4.3%

2018 37,694 * * 3.4%

2019 37,790 * * 2.5%

2020 38,031 * * 7.0%

2021 40,371 * * 5.3%

Datasources:

(1) YearsareasofApril1ofeachyearpertheUniversityofFlorida

BureauofEconomics&BusinessResearch.

(2) RepresentsincomepercapitaforMiamiͲDadeCountyasprovided

bytheU.S.DepartmentofCommerce,BureauofEconomicAnalysis.

(3) FloridaDepartmentofLabor,BureauofLaborMarketInformation.

* Informationnotavailable.

 

CityofAventura,Florida

Percentage Percentage

ofTotal ofTotal

OccupationalGroups SOCCode Employees Rank Employment Employees Rank Employment

Officeandadministrativesupport 43Ͳ0000 389,270 1 15.52% 198,840 1 20.32%

Salesandrelated 41Ͳ0000 293,800 2 11.72% 134,200 2 13.73%

Transportationandmaterialmoving 53Ͳ0000 221,110 4 8.82% 67,720 4 6.93%

Foodpreparationandservingrelated 35Ͳ0000 217,570 3 8.68% 84,980 3 8.69%

Healthcarepractitionersandtechnical 29Ͳ0000 162,320 5 6.47% 59,200 5 6.06%

Businessandfinancialoperations 13Ͳ0000 161,760 6 6.45% 50,680 7 5.18%

Management 11Ͳ0000 149,400 7 5.96% 32,100 12 3.28%

Education,trainingandlibrary 25Ͳ0000 118,610 8 4.73% 51,840 6 5.30%

Installation,maintenanceandrepair 49Ͳ0000 104,890 9 4.18% 36,470 9 3.73%

Constructionandextraction 47Ͳ0000 103,950 10 4.14% 23,600 15 2.41%

Buildingandgroundscleaningand

maintenance 37Ͳ0000 85,570 11 3.41% 33,720 11 3.45%

Protectiveservice 33Ͳ0000 84,680 12 3.38% 37,620 8 3.85%

Healthcaresupport 31Ͳ0000 80,590 13 3.21% 26,370 14 2.70%

Production 51Ͳ0000 75,870 14 3.03% 34,100 10 3.49%

Computerandmathematical 15Ͳ0000 58,580 15 2.34% 17,180 16 1.76%

Personalcareandservice 39Ͳ0000 53,200 16 2.12% 29,650 13 3.03%

Legal 23Ͳ0000 36,450 17 1.45% 15,110 17 1.55%

Communityandsocialservice 21Ͳ0000 34,300 18 1.37% 11,830 19 1.21%

Arts,design,entertainment,sports

andmedia 27Ͳ0000 31,920 19 1.27% 14,740 18 1.51%

Architectureandengineering 17Ͳ0000 26,100 20 1.04% 10,010 20 1.02%

Life,physicalandsocialscience 19Ͳ0000 13,720 21 0.55% 4,000 21 0.41%

Farming,fishingandforestry 45Ͳ0000 4,230 22 0.17% 3,730 22 0.38%

Total 2,507,890 100.00% 977,690 100.00%

Source: RepresentsMetropolitanandNonmetropolitanAreaOccupationalEmploymentforthe entireMiamiͲMiamiBeachͲKendall,FloridaMetropolitanDivisionasprovidedbythe U.S.DepartmentofLabor,BureauofLaborStatisticsasofMay2020.Estimatesdo notincludeselfͲemployedworkers.

OccupationalEmploymentbyGroupͲMiamiͲDadeCounty,Florida CurrentYearandNineYearsAgo

2021 2012



95

CityofAventura,Florida 2012201320142015201620172018201920202021 Function: Generalgovernment19182222222222212123 Publicsafety: Sworn83838383838285898892 Civilians38383738393936373732 Communityservices1414141414108161715 Publicworks/transportation(1) ͲͲͲͲͲ67778 Communitydevelopment8888888667 Total162161164165166167166176176177 Source:VariousCitydepartments. (1) PriortoOctober1,2016thisfunctionwaspreviouslycombinedwithCommunityservices.

FullͲTimeEquivalentCityGovernmentEmployeesbyFunction LastTenFiscalYears FiscalYear  

96

2012201320142015201620172018201920202021 2,2982,3532,2102,2732,1262,0912,3342,0821,6381,560 2,2582,0151,9371,7051,5601,2321,3261,209969991 18,70716,94018,69015,91119,59613,34310,2778,9763,9394,212 2,1201,8471,4981,2956188897951,174424817 29,27629,12328,68216,81615,68815,24817,93416,51515,73017,653 1,1022,0462,1342,1442,0712,1622,0421,9231,4141,709 4,6155,1415,2445,3524,9594,5606,3305,0633,2733,954 7,9638,95410,43812,53812,05511,25714,23615,80310,23211,282 issued13518713914610915011976121153 issued2,5802,7122,3832,5042,6252,4382,7048195791,933 berships1,1011,0881,1251,1001,1321,0931,021984795814 e24,95727,18831,71532,64835,89539,58736,37635,21515,96288,852 271,645284,876279,943270,082274,223274,532300,858300,123157,060148,456 9849961,0081,0201,0201,0201,0201,0201,0201,032 N/AN/AN/AN/AN/AN/AN/A200415620 usCitydepartments. crimesinclude:homicide,sexoffenses,robbery,aggravatedassault,burglary, arsonandautotheft. nisnotapplicableastheDonSofferAventuraHighSchoolopenedinAugust2019.

byFunction FiscalYear

97

CityofAventura,Florida 2012201320142015201620172018201920202021 Function: PoliceStations1111111111 Firestations(1)2222222222 Parksandrecreation: Publicrecreationareas6666677777 Publicrecreationacreage30.5030.5030.5030.5030.5032.0032.0032.0032.0032.00 Baseball/softballdiamonds2222222222 Soccer/footballfields3333333333 Tenniscourts3333333333 Communityrecreationcenters1111111111 Libraries(1)1111111111 Publicworks: Streetlights712742800800824937937937937937 Milesofroads13.8013.8013.8013.8013.8013.8013.8014.0014.0014.00 Charterschools: AventuraCityExcellence School(KͲ8)1111111111 DonSofferAventura HighSchoolN/AN/AN/AN/AN/AN/AN/A111 Transitroutes/minibuses(2) Permanent5555566666 SeasonalͲͲͲͲ1ͲͲͲͲͲ Notes:(1)OwnedandoperatedbyMiamiͲDadeCounty,Florida. (2)Operatedundercontractualagreement. N/A:Informationnotavailable.

CapitalAssetStatisticsbyFunction LastTenFiscalYears FiscalYear

Nel documento The City of. Aventura, FLORIDA. $QQXDO Comprehensive Financial Report For The Fiscal Year Ended September 30, 202 (pagine 100-122)