City of Gainesville - File #: 041087

• File #: 041087
• Version: 1
• Name: The Basic Financial Statements, Supplemental Information and Independent Auditors' Report of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2004 (B)
• Type: Staff Recommendation
• Status: Passed
• File created: 3/28/2005
• In control: Audit and Finance Committee
• Final action: 3/28/2005
• Title: The Basic Financial Statements, Supplemental Information and Independent Auditors' Report of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2004; Financial Statements and Independent Auditors' Report on the Employees' Pension Fund of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2004; 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, 2004; the Independent Auditors' Management Letter and Single Audit Reports for the Fiscal Year Ended September 30, 2004; and management's written response. (B)

Date	Ver.	Action By	Action	Result
3/28/2005	1	City Commission	Approved as Recommended	Pass
3/21/2005	0	Audit and Finance Committee

title
The Basic Financial Statements, Supplemental Information and Independent Auditors' Report of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2004; Financial Statements and Independent Auditors' Report on the Employees' Pension Fund of the City of Gainesville, Florida for the Fiscal Year Ended September 30, 2004; 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, 2004; the Independent Auditors' Management Letter and Single Audit Reports for the Fiscal Year Ended September 30, 2004; 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, 2004;

2. 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, 2004;

3. 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, 2004; and

4. The Independent Auditors' Management Letter and Single Audit Reports for the Fiscal Year Ended September 30, 2004.

In the opinion of the independent auditors, the basic financial statements referred to in item 1 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 2 and 3 above present fairly, in all material respects, the net assets available for benefits as of September 30, 2004, and the changes in net a...