PALM BEACH COUNTY, FLORIDA ANNUAL FINANCIAL AUDIT REPORT FISCAL YEAR ENDED SEPTEMBER 30, 2010_part9 pot

[...]... of the Rules of the Auditor General of the State of Florida To the Honorable Sharon R Bock Clerk and Comptroller Palm Beach County, Florida We have audited the financial statements of each major fund and the aggregate remaining fund information of the Clerk & Comptroller, Palm Beach County, Florida (the “Clerk”), as of and for the year ended September 30, 2010, and have issued our report thereon dated... management of Palm Beach County, Florida, Clerk’s Office and the State of Florida Office of the Florida Auditor General, and is not intended to be and should not be used by anyone other than the specified parties West Palm Beach, Florida July 14, 2011 This is trial version www.adultpdf.com IX-30 Clerk & Comptroller Palm Beach County, Florida Appendix A – Prior Year Recommendations to Improve Financial. .. Elections Palm Beach County, Florida We have audited the accompanying financial statements of the major fund of the Supervisor of Elections, of Palm Beach County, Florida (the “Supervisor”), as of and for the year ended September 30, 2010, as listed in the table of contents These financial statements are the responsibility of the Supervisor’s management Our responsibility is to express an opinion on these financial. .. www.adultpdf.com IX -18 CLERK & COMPTROLLER PALM BEACH COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 crime, and employee dishonesty claims The Clerk‟s office is self-insured for its health insurance coverage Settled claims have not exceeded insurance coverage for any of the insurance programs in the past three fiscal years For the fiscal year ended September 30, 2010, the BOCC charged the Clerk... Adjustment to annual required contribution (4,000) Annual OPEB cost 413,000 Contributions made (381,476) Increase in net OPEB obligation 31,524 Net OPEB obligation- beginning of year 102,958 Net OPEB obligation- end of year $ 134,482 The annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for the current year and preceding two fiscal years Fiscal Year Ended. .. accompanying financial statements were prepared for the purpose of complying with Section 218.39, Florida Statutes, and Section 10.557(3), Rules of the Auditor General for Local Government Entity Audits These financial statements are not intended to be a complete presentation of the financial position of the Supervisor as of September 30, 2010, and the changes in its financial position for the year then ended, ... auditors’ reports: Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report The recommendations made in the preceding annual financial report have been addressed in Appendix A to this report Section 10.554(1)(i)2., Rules of the Auditor General,...CLERK & COMPTROLLER PALM BEACH COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 Net Assets The $2,534,761 net asset balance at September 30, 2010 in the internal service fund is necessary to provide for actuarial soundness pursuant to the State of Florida s Office of Insurance Regulation as detailed under the guidelines of Florida Statute 112.08 and based on recommendation... a pay-as-you-go basis At September 30, 2010 retirees receiving benefits contributed $552 to $1,982 monthly for medical coverage This is trial version www.adultpdf.com IX -19 CLERK & COMPTROLLER PALM BEACH COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 OPEB Cost and Net OPEB Obligation: The annual other post-employment benefit cost is calculated based on the annual required contribution... with State of Florida reporting requirements We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States We have issued our Independent Auditor’s Report on Internal Control Over Financial Reporting and