City of Cape Canaveral, Florida

1
City of Cape Canaveral, Florida
Presentation of Audit Reports for Fiscal Year
Ended September 30, 2006
2
City of Cape Canaveral, FL Independent Auditors
Report

• Pages 1-2

• Audit covers year ended September 30, 2006

• Conducted in accordance with Generally Accepted
  Auditing Standards and Government Auditing
  Standards

• Opinion in third paragraph - UNQUALIFIED
  opinion

• Managements Discussion Analysis unaudited,
  required supplementary information

3
City of Cape Canaveral, FL Report on Compliance
and on Internal Control

• Pages 83 84 of report

• Report covers year ended September 30, 2006

• Tested compliance with laws, regulations,
  contracts grants

• Reviewed internal control over financial
  reporting

• We noted NO instances of non-compliance

• We noted NO material weaknesses of internal
  control

4
City of Cape Canaveral, FL Management Letter

• Pages 85 90 of report

• Other Matters

• Appendix A Current Year Comments

• Appendix B Status of Prior Year Comments

• Appendix B Prior Year Comments Repeated

5
City of Cape Canaveral, FL Management Letter
Code of Ethics

• Establishes formal means of communicating
  expectations of City Council as it relates to
  Code of Ethics

• Should be incorporated into Personnel Manual

6
City of Cape Canaveral, FL Management Letter
Approved Vendor List

• Provides more coordinated control of purchasing
  process

• Improves efficiency of purchasing process

• Considered by many to be a best practice

7
City of Cape Canaveral, FL
2006 Financial Highlights
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City of Cape Canaveral, FL Unreserved Fund
Balance vs. Total Expenditures
Cape Canaveral 97.06
Benchmark 64.98
9
City of Cape Canaveral, FL Long-term Debt /
Population
Cape Canaveral 15
Benchmark 227
10
City of Cape Canaveral, FL Governmental Fund Debt
Service vs. Expenditures
Cape Canaveral .53
Benchmark 5.29
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City of Cape Canaveral, FL Millage Rate
12
City of Cape Canaveral, FL Governmental Fund
Revenues by Source
13
City of Cape Canaveral, FL Governmental Fund
Expenditures by Activity
14
City of Cape Canaveral, FL Sewer Fund Operating
Revenues Expenses
15
City of Cape Canaveral, FL