VII-22 This is trial version www.adultpdf.com Section VIII SHERIFF This is trial version www.adultpdf.com McGladrey is the brand under which RSM McGladrey, Inc. and McGladrey & Pullen, LLP serve clients’ business needs. Member of RSM International network, a network of The two firms operating as separate legal entities in an alternative practice structure. Independent accounting, tax and consulting firms VIII-1 Independent Auditor’s Report Honorable Ric L. Bradshaw Sheriff Palm Beach County, Florida We have audited the accompanying financial statements of each major fund, and the aggregate remaining fund information of the Sheriff, Palm Beach County, Florida ( the “Sheriff”), 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 Sheriff's management. Our responsibility is to express opinions on these financial statements based on our audit. 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. As discussed in Note 1 to the financial statements, the 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 Sheriff 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 statements referred to above present fairly, in all material respects, the respective financial position of each major fund, and the aggregate remaining fund information of the Sheriff, as of September 30, 2010, and the respective changes in financial position for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated July 14, 2011 on our consideration of the Sheriff’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. This is trial version www.adultpdf.com VIII-2 The budgetary comparison information and the schedule of funding progress are not a required part of the basic financial statements but are supplementary information required by the accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements. The Statement of Changes in Assets and Liabilities – Agency Fund is presented for purposes of additional analysis and is not a required part of the financial statements. The Statement of Changes in Assets and Liabilities- Agency Fund has been subjected to the auditing procedures applied in the audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. This report is intended solely for the information and use of the Sheriff, management of the Sheriff’s office and the Auditor General, State of Florida, 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 www.adultpdf.com [...]... Accordance with the Rules of the Auditor General of the State of Florida The Honorable Ric L Bradshaw Sheriff Palm Beach County, Florida We have audited the financial statements of each major fund and the aggregate remaining fund information of the Sheriff of Palm Beach County, Florida (“the Sheriff”), as of and for the year ended September 30, 2010, and have issued our report thereon dated July 14, 2011,... Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards To the Honorable Ric L Bradshaw Sheriff Palm Beach County, Florida We have audited the financial statements of each major fund and the aggregate remaining fund information of the Sheriff, Palm Beach County,. .. matters that are required to be reported under Government Auditing Standards This report is intended solely for the information and use of the Honorable Sheriff, management of Palm Beach County, Florida Sheriff’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 these specified parties West Palm Beach, Florida July 14, 2011 This... 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 VIII-12 PALM BEACH COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2010 The Division of Retirement issues a publicly available financial report. .. information of the Clerk & Comptroller, Palm Beach County, Florida (the “Clerk”), 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 Clerk’s management Our responsibility is to express opinions on these financial statements based on our audit We conducted our audit in accordance with auditing standards generally accepted... aforementioned 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 There were no findings and recommendations made in the preceding annual financial audit report Section 10.554(1)(i)2., Rules of the Auditor General,... and is not intended to be and should not be used by another other than these specified parties West Palm Beach, Florida July 14, 2011 This is trial version www.adultpdf.com VIII-26 Section IX CLERK & COMPTROLLER This is trial version www.adultpdf.com Independent Auditor’s Report The Honorable Sharon R Bock Clerk & Comptroller Palm Beach County, Florida We have audited the accompanying financial statements... Sheriff, Palm Beach County, Florida (the “Sheriff”) as of and for the year ended September 30, 2010, and have issued our report thereon dated July 14, 2011 These financial statements were prepared to comply with Section 218.39 (2), Florida Statutes and Section 10.557(3), Rules of the Auditor General for Local Government Entity Audits We conducted our audit in accordance with auditing standards generally... liability reported at September 30, 2010 is $23,215,313 This amount is the actuarially determined claims liability based on the requirements of GASB 10 which specifies that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is This is trial version www.adultpdf.com VIII-15 PALM BEACH COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS SEPTEMBER. .. insurance At September 30, 2010, retirees receiving benefits contributed $406 to $2,276 monthly for medical coverage and $24 to $89 monthly for dental This is trial version www.adultpdf.com VIII-16 PALM BEACH COUNTY, FLORIDA SHERIFF 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 . information of the Sheriff, Palm Beach County, Florida ( the “Sheriff”), as of and for the year ended September 30, 2010, as listed in the table of contents. These financial statements are the. firms VIII-1 Independent Auditor’s Report Honorable Ric L. Bradshaw Sheriff Palm Beach County, Florida We have audited the accompanying financial statements of each major. 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