City of Cape Canaveral, Florida

1
City of Cape Canaveral, Florida
Presentation of Audit Reports for Fiscal Year
Ended September 30, 2007
2
City of Cape Canaveral, FL Independent Auditors
Report

• Pages 1-2

• Audit covers year ended September 30, 2007

• 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, 2007

• 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 91 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
Investment Advisory Committee

• Facilitate the development, implementation
  monitoring of an investment plan

• At a minimum, establish a relationship with an
  investment advisor for consult and routine
  monitoring

6
City of Cape Canaveral, FL
2007 Financial Highlights
7
City of Cape Canaveral, FL Unreserved Fund
Balance vs. Total Expenditures
Cape Canaveral 51.64
Benchmark 51.17
8
City of Cape Canaveral, FL Long-term Debt /
Population
Cape Canaveral 13
Benchmark 215
9
City of Cape Canaveral, FL Unreserved Net Assets
(P) Fund Balances (G)
Cape Canaveral 7,026,648
Benchmark 7,588,505
10
City of Cape Canaveral, FL Millage Rate
11
City of Cape Canaveral, FL Governmental Fund
Revenues by Source
12
City of Cape Canaveral, FL Governmental Fund
Expenditures by Activity
13
City of Cape Canaveral, FL Sewer Fund Operating
Revenues Expenses
14
City of Cape Canaveral, FL