[...]... Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards The Honorable Gary R Nikolits Property Appraiser Palm Beach County, Florida We have audited the financial statements of the major fund of the Property Appraiser of Palm Beach County, Florida (the “Property Appraiser”), as of and for the year ended September 30, 2010, and have issued our report thereon... However, we did not audit the information and express no opinion on it This report is intended solely for the information and use of the Property Appraiser, management of the Palm Beach County, Florida Property Appraiser’s office and the Auditor General of the State of Florida, and is not intended to be and should not be used by anyone other than the specified parties West Palm Beach, Florida July 14,... Property Appraiser of Palm Beach County, Florida, (the “Property Appraiser”) 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 Property Appraiser’s management Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with auditing standards... annual cost-of-living adjustments, and death benefits to plan members and beneficiaries These benefits are established by Florida Statutes, Chapter 121, and may only be amended by the Florida Legislature This is trial version www.adultpdf.com VII-10 PALM BEACH COUNTY, FLORIDA PROPERTY APPRAISER NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 The Division of Retirement issues a publicly available financial. .. 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 VI-22 Section VII PROPERTY APPRAISER This is trial version www.adultpdf.com Independent Auditor’s Report The Honorable Gary R Nikolits Property Appraiser Palm Beach County, Florida We have audited the accompanying financial statements... accounting, tax and consulting firms This report is intended solely for the information and use of the Property Appraiser, management of the Palm Beach County, Florida Property Appraiser’s office, and State of Florida Office of the Auditor General, and is not intended to be and should not be used by anyone other than these specified parties West Palm Beach, Florida July 14, 2011 This is trial version... financial position of the Palm Beach County, Florida, Property Appraiser as of September 30, 2010 and the changes in financial position for the year then ended, in conformity with Governmental Accounting Standards Board (GASB) Statement No 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments, but otherwise constitute financial statements prepared... 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 Property Appraiser as of September 30, 2010, and the changes in its financial position for the year then ended, in conformity with accounting principles generally accepted in the United States of America In our opinion, the financial. .. of the County Total operating lease and rent expense for equipment for fiscal year ended September 30, 2010 amounted to $11,527 Interest paid on capital leases amounted to $125 for the current fiscal year Future minimum rental and lease payments under noncancellable operating leases as of September 30, 2010 are as follows: Fiscal Year 2011 2012 Total Amount $ 11,527 10,476 $ 22,003 6 COMMITMENTS Purchase... Because the budget authority for these amounts lapses at fiscal year- end, they are not shown as either encumbrances or liabilities Funds are reappropriated at the beginning of each fiscal year to provide for these commitments This is trial version www.adultpdf.com VII-12 PALM BEACH COUNTY, FLORIDA PROPERTY APPRAISER NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 7 RISK MANAGEMENT The Property Appraiser