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COMPREHENSIVE ANNUAL FINANCIAL REPORT
ESCAMBIA COUNTY, FLORIDA 
NOTES TO COMBINED FINANCIAL STATEMENTS (CONTINUED) 
SEPTEMBER 30, 2011 
68 
Ultimate trend rate* 
  Pre‐Medicare  
5.00% 
Year of Ultimate trend rate 
2016 
*Includes inflation of 3.00% 
Leasing Arrangements
provide almost all of the revenues for the Santa Rosa Island Authority.  The Authority leases 
the land on County‐owned Santa Rosa Island to residents and businesses under residential and commercial leases 
that typically run for a period of 99 years.  Many of the 99‐year leases have options to renew for another 99‐year 
term.  Many leases, particularly those for restaurants and concessions, are generally for a shorter period.  Lease 
revenues in future years are estimated to average approximately $3.7 million per year.   
Construction Commitments 
‐ The County has open construction contracts totaling approximately $39.5 million as 
of September 30, 2011 for the following funds: 
Governmental Activities:
  General fund
$521,263
  Community redevelopment fund
80,956
  LOST III
21,554,465
  Non‐major funds
15,286,019
$37,442,703
Business Type Activities:
  Solid waste fund
2,090,130
Total contract commitments
$39,532,833
Encumbrance Commitments
– Encumbrances represent commitments for future expenditures, based on purchase 
orders or contracts issued, where the goods or services have been ordered but not received.  Significant 
encumbrances for the governmental funds do not include construction contracts, as they are included as contract 
commitments / construction commitments above.  The County has the following significant encumbrances as of 
September 30, 2011: 
Governmental Activities:
Encumbrance
  General fund
$340,952
  Community redevelopment fund
198,243
  Transportation fund
819,258
  LOST III
157,442
  Non‐major funds
4,351,426
$5,867,321
In 2002, the Santa Rosa Island Authority approved an interlocal agreement with Escambia County in connection 
with certain plans for economic development, transportation and beach improvements at Pensacola Beach.  
Accordingly, the Authority’s lease fee revenues are pledged for repayment of Tourist Development Refunding 
Revenue Bonds, Series 2002 and the Capital Improvement Revenue Bonds, Series 2002.  The Authority is scheduled 
to make payments to Escambia County of at least $600,000 each year through 2032.