Summary
To: Finance Board
From: Amy Lockhart, Interim Finance Director
Date: 7/23/2024
______________________________________________________________________
Subject:
Title
FY2023 Annual Comprehensive Financial Report and Audit
Summary:
The financial activities for the town are presented in the enclosed report which has been audited by an independent external auditor.
End
Background/Problem Discussion:
Each year the Town of Belleair prepares the Comprehensive Annual Financial Report in compliance with standards established by the Government Accounting Standards Board. The report is subject to an independent audit by an external CPA firm specializing in local government audits. The audit is complete, and the report is enclosed for your review.
In summary, the auditor has provided an unqualified opinion that the financial statements present fairly, in all material respects, the financial position of the Town of Belleair. The auditor’s report on compliance for the major state project (Indian Rocks Road, phase 1) expressed an unmodified opinion. (FY2023 ACFR, p. 123).