City of Gainesville - File #: 070977.

• File #: 070977.
• Version: 1
• Name: City of Gainesville Fiscal Year 2007 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: 3/3/2008
• In control: Audit, Finance and Legislative Committee
• Final action: 3/10/2008
• Title: City of Gainesville Fiscal Year 2007 Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports, and Management's Written Response (B)

Date	Ver.	Action By	Action	Result
3/10/2008	1	City Commission	Approved as Recommended	Pass
3/3/2008	0	Audit, Finance and Legislative Committee	Recommended for Approval

title
City of Gainesville Fiscal Year 2007 Audited Financial Statements, Auditors' Reports, Auditors' Management Letters and Single Audit Reports, and Management's Written Response (B)

explanation
The City's independent auditors, Davis, Monk and Company and Ernst and Young, Certified Public Accountants, issued the following reports:

1. The Basic Financial Statements, Supplemental Information and Independent Auditors' Report of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2007;

2. The Financial Statements, Supplemental Information and Independent Auditors' Report of Gainesville Regional Utilities for the Fiscal Year Ended September 30, 2007;

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, 2007;

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, 2007;

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, 2007;

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, 2007; and

7. The Independent Auditors' Management Letters and Single Audit Reports for the Fiscal Year Ended September 30, 2007.

In the opinion of the independent auditors, the financial statements referred to in items 1 and 2 above represent fairly, in all material respects, conformity with generally accepted accounting principles.

In the independent auditors' opinion, the financial statements referred to in items 3, 4, 5 and 6 above present fairly, in all material respects, the net assets available for benefits as of September 3...