Title
Review of General Fund Forecasted Revenues and Other Sources of Funds for the Fiscal Year Ending September 30, 2014 (B)
Explanation
In accordance with Section 12(a), Budget Reviews, of Commission Resolution 970187 and our Annual Audit Plan, the City Auditor's Office has completed an audit of General Fund revenue estimates for the fiscal year ending September 30, 2014. The objective of our review was to evaluate the reasonableness of the forecasted General Fund Revenues and Other Sources of Funds set forth in the Fiscal Year 2013-2014 Final General Government Financial and Operating Plan Budget adopted by the City Commission on September 19, 2013.
We conducted this performance audit in accordance with generally accepted government auditing standards. Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our conclusion based on our audit objective. We believe that the evidence obtained provides a reasonable basis for our conclusion based on our audit objective.
Conclusion
Based on our review, we believe that the projected Fiscal Year 2013-2014 General Fund Revenues and Other Sources of Funds in the total amount of $107,101,770, as adopted by the City Commission on September 19, 2013, are reasonable and can be relied upon as part of the Final General Government Financial and Operating Plan Budget. While we have projected some revenue sources at a different level than the approved General Fund budget, we do not believe that the total value of these differences is material in relation to the overall Fiscal Year 2013-2014 General Fund Revenues and Other Sources of Funds. The total estimated difference is approximately $321,000 or 0.3% less than budgeted.
The differences are reflected in the attached schedule of General Fund Forecasted Revenues and Other Sources of Funds for the Fiscal Year Ending September 30, 2014 and an accompanying Explanation of Differences. Mana...
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