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File #: 080933.    Version: Name: City of Gainesville Fiscal Year 2008 Comprehensive Annual Financial Report, Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports, and Management's Written Response (B)
Type: Staff Recommendation Status: Passed
File created: 4/16/2009 In control: Audit, Finance and Legislative Committee
On agenda: Final action: 4/16/2009
Title: City of Gainesville Fiscal Year 2008 Comprehensive Annual Financial Report, Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports, and Management's Written Response (B)
Attachments: 1. Comprehensive Annual Financial Report.pdf, 2. Consolidated Police and Firefighters Retirement Fund.pdf, 3. Davis Monk Summary of GG Audit Results.pdf, 4. Disability Pension Fund.pdf, 5. Employees Pension Fund (2).pdf, 6. Ernst Young Summary of GRU Audit Results.pdf, 7. GRU Financial Statements.pdf, 8. Other Post Employee Benefits Fund.pdf
title
City of Gainesville Fiscal Year 2008 Comprehensive Annual Financial Report, Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports, and Management's Written Response (B)

explanation
In accordance with the City's contract for external auditing services with Davis, Monk and Company and Ernst and Young, Certified Public Accountants, the following reports are presented for review by the Audit, Finance and Legislative Committee:

1. The Basic Financial Statements, Supplemental Information and Independent Auditors' Report, Management Letters and Single Audit Reports of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2008; which are presented in the attached Comprehensive Annual Financial Report;

2. The Financial Statements, Supplemental Information and Independent Auditors' Report of Gainesville Regional Utilities for the Fiscal Year Ended September 30, 2008;

3. The Financial Statements and Independent Auditors' Report on the Employees' Pension Fund of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2008;

4. The Financial Statements and Independent Auditors' Report on the Consolidated Police Officers and Firefighters Retirement Plan of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2008;

5. The Financial Statements and Independent Auditors' Report on the Disability Pension Fund of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2008; and

6. The Financial Statements and Independent Auditors' Report on the Other Postemployment Benefits Fund of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2008.

In the opinion of the independent auditors, the financial statements referred to in items 1 and 2 above present fairly, in all material respects, the financial position and changes in financial position of the City and GRU for the year ended September 30, 2008, in confo...

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