Fiscal Year 1995 I
i
I
MONROE COUNTY, FLORIDA
-I PROPERTY APPRAISER
� i
FINANCIAL STATEMENTS
j �� SEPTEMBER 30, 1995
KEMP & GREEN, P.A.
CERTIFIED PUBLIC ACCOUNTANTS
L;
�I
i-
CONTENTS
Lj
Paqe
Independent Auditors' Report 1-2
Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups 3
Statement of Revenues, Expenditures, and Changes in Fund
Balance - General Fund 4
Statement of Revenues, Expenditures and Changes in Fund
j Balance - Budget and Actual (Budgetary Basis) - General
Fund 5
Notes to Financial Statements 6-10
Supplemental Information:
Combining Statement of Changes in Assets and Liabilities -
Agency Fund 11
Other Reports:
i
Independent Auditors' Report on the Internal Control Structure 12-13
U Independent Auditors' Management Letter 14-15
Independent Auditors' Report on Compliance 16
LJ
IL
I i ,
J
_ KEMP £3 GREEN, P.A.
Certified Public Accountants
;L 1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 3G041-1529 MEMBER OF AMERICAN INSTITUTE
WM. O. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF
MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
Mr. Ervin H. Higgs
Property Appraiser
Monroe County, Florida
We have audited the financial statements of the Property Appraiser of Monroe
County, Florida (",Property Appraiser") as of September 30, 1995 and for the year
- then ended, as listed in the accompanying table of contents. These financial
statements are the responsibility of the Property Appraiser. Our responsibility
is to express an opinion on these financial statements based on our audit.
_! We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the
United States. These 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
opinion.
As discussed in Note 1, the financial statements present only the Property
Appraiser and are not intended to present fairly the financial position of Monroe
County, Florida and the results of operations and cash flows of its proprietary
fund types in conformity with generally accepted accounting principles.
In our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of the Property Appraiser as of
September 30, 1995, and the results of its operations for the year then ended in
conformity with generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the financial
statements taken as a whole. The supplemental information listed in the
accompanying table of contents, which is also the responsibility of the
management of the Property Appraiser, is presented for purposes of additional
analysis and is not a required part of the financial statements. Such
information 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 when considered in relation to the financial statements taken as a
whole.
�� -1-
In accordance with Government AuditingStandards, we have also issued a report
p
dated March 8, 1996 on our consideration of the Property Appraiser's internal
control structure and a report dated March 8, 1996 on its compliance with laws
and regulations.
P
Kemp & Green, P.A.
Certified Public Accountants
March 8, 1996
-I
� I
U
it
-2-
Li
MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
1
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1995
Governmental Fiduciary Account
Fund T_vge Fund Type Group Totals
Long-Term (Memoran-
General Agency Debt dum only)
Assets:
Cash and Investments $ 179,349 $ 457,990 $ - $ 637,339
Prepaid Expenses 58,202 - - 58,202
Amount to be Provided - - 127,014 127,014
Total Assets; $ 237,551 $ 457.990 $ 127,014 $ 822,555
Liabilities:
Accounts Payable $ 26,347 $ - $ - $ 26,347
Accrued Wages 19,196 - - 19,196
Due to Other Governments 26,990 - - 26,990
Due to Individuals - 457,990 - 457,990
Long-Term Debt - - 127,014 127,014
Total Liabilities 72,533 457,990 127,014 657,537
Fund Balance 165,018 - - 165,018
Total Liabilities and
Fund Balance $ 237,551 $ 457,990 $ 127,014 $ 822,555
The accompanying notes are an integral
part of these financial statements.
-3-
� l -
I'
MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1995
Revenues:
Board of County Commissioners $ 1,841,297
Other Taxing Districts 276,859
Charges for Service 36
Other 12,663
Total Revenues 2,130,855
Expenditures:
Current:
General Government:
Personal Services 1,530,546
Operating Expenses 449,650
Capital Outlay 20,739
Total Expenditures 2,000,935
Excess of Expenditures Over Revenues 129,920
Fund Balance, Beginning of Year 35,098
Fund Balance, End of Year $ 165,018
The accompanying notes are an integral
part of these financial statements
-4-
'. I
MONROE COUNTY FLORIDA
PROPERTY APPRAISER
STATEMENT OF REVENUES AND EXPENDITURES, AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL (BUDGETARY BASIS) - GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1995
Actual Variance
(Budgetary Favorable
i Budget Basis) (Unfavorable)
Revenues:
Board of County, Commissioners $ 1,852,812 $ 1,841,297 $ (11,515)
Other Taxing Districts 299,653 297,732 (1,921)
Charges for Service - 36 36
Miscellaneous - 12,663 12,663
Total Revenues 2,152,465 2,151,728 (737)
Expenditures:
Current:
General Government:
Personal Services 1,683,283 1,528,083 155,200
Operating Expenses 448,032 472,733 (24,701)
Capital Outlay 12,750 20,739 (7,989)
Total Expenditures 2,144,065 2,021,555 122,510
Excess of Revenues Over
Expenditures 8 400 130 173 121 773
p ,
Other Financing Sources -
Contingency 8,400 - 8,400
, 9 Y
- Excess of Revenues and Other
Sources Over Expenditures,
Budgetary Basis of Accounting - 130,173 130,173
Adjustments:
To Adjust Expenditures for
Accruals - 20,620 20,620
To Adjust Revenues for Accruals - (20.873) (20,873)
Excess of Revenues Over Expenditures,
J GAAP Basis of Accounting - 129,920 129,920
Fund Balance, Beginning of Year 35,098 35,098 -
Fund Balance, End of Year $ 35,098 $ 165,018 $ 129,920
The accompanying notes are an integral
part of these financial statements.
-5-
i
U
I
_ MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1995
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting principles and policies
used in the preparation of these financial statements.
Reporting Entity - The Property Appraiser of Monroe County, Florida ("Property
Appraiser") is a separate Constitutional Officer as provided by the laws of the
State of Florida.' For financial reporting purposes, it is deemed to be a part
of the County's primary government, and therefore is included as such in the
Monroe County Comprehensive Annual Financial Report.
Basis of Presentation - These financial statements have been prepared in
conformity with the accounting principles and reporting guidelines established
by the Governmental Accounting Standards Board. The Property Appraiser utilizes
the following fund types and account groups:
-- Governmental Fund. Type:
The General Fund - This fund is used to account for all revenue and
-. expenditures applicable to the general operations of the Property Appraiser
that are not required either legally or by generally accepted accounting
principles to be accounted for in another fund.
Fiduciary Fund Type:
The Agency Fund - This fund is custodial in nature and does not involve
- measurements of results of operations (assets equal liabilities) . The Agency
Fund is merely a clearing account for assets held by the Property Appraiser as
l an agent for individuals, private organizations, other governments, or other
funds.
Account Group:
General Long-Term Debt Account Group - This account group is established to
account for the long-term debt of the Property Appraiser financed from
governmental funds.
Basis of Accounting - The modified accrual basis of accounting is followed by the
r General Fund. Under the modified accrual basis of accounting, revenues are
recorded when received or when susceptible to accrual , that is, measurable and
available to finance the Property Appraiser's operations. Expenditures are
recorded when the liability is incurred except for accumulated sick pay and
vacation pay which is not recorded as an expenditure. Budgets are prepared on
the cash basis.
-6-
MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1995
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Budgetary Requirement - Expenditures are controlled by appropriations in
accordance with the budget requirements set forth in the Florida Statutes. The
budgeted revenues and expenditures in the accompanying financial statements
reflect all approved amendments.
General Fixed Assets - The tangible personal property used by the Property
Appraiser in its operations is shown in the General Fixed Assets Account Group
of the Board of County Commissioners. In addition, the office space and
certain other expenditure items used in the Property Appraiser's operations are
provided at no cost by the Board of County Commissioners.
Undistributed Excess Fees - Florida Statutes provide that assessed fee revenue
collected by the Property Appraiser in excess of expenditures shall be retained
and applied to next year's operating costs. The amount of undistributed excess
fees at the end of each year applicable to the Board of County Commissioners of
Monroe County is reported as fund balance.
Compensated Absences - The Property Appraiser's policy grants employees annual
leave and sick leave in varying amounts. Upon termination of employment,
employees with six months or more of credited service can receive payment for
accumulated annual leave. In general , sick leave payments are granted upon
termination of employment to employees with five years or more of credited
service. The maximum payment is subject to percentages and maximum hour
limitations. Accumulated sick leave is accrued to the extent that such amounts
would normally be'liquidated with expendable available financial resources. The
remaining liability is reflected in the General Long-Term Account Group.
Total Columns on Combined Statements - The column entitled "Totals (Memorandum
Only)" of this report is included for informational purposes only. This total
column is not comparable to consolidated financial information, as the basic
reporting entity is by fund type, and the various funds use different bases of
accounting. In addition, interfund type eliminations have not been made in
arriving at the amounts included in this column.
NOTE 2 - CASH AND, INVESTMENTS
Cash and investments at September 30, 1995 consist of the following:
Demand Deposits $ 179,349
Deferred Compensation Plan
Investments (at Market Value) 457,990
$ 637,339
-7-
MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1995
NOTE 2 - CASH AND INVESTMENTS (Continued)
Demand and .time deposits are fully insured in accordance with Florida Statute
280, which established the multiple financial institution collateral pool .
Legally permissible investments are defined by Florida Statute 125.31 and
primarily consist .of Federal And State securities.
NOTE 3 - LONG-TERM DEBT
The following is a summary of changes in long-term debt for the year ended
September 30, 1995.
Accrued
Compensated
Absences
I
Long Term Debt, Beginning of Year $ 100,470
Debt Issued 26,544
Long Term Debt, End of Year $ 127.014
NOTE 4 - LEASE OBLIGATIONS
The Property Appraiser pays rent under cancelable operating leases for office
equipment. Rental expense for the current year amounted to $30,300.
NOTE 5 - RETIREMENT PLAN
Substantially all' full -time Property Appraiser employees are participants in the
Florida Retirement System ("The System") , a multiple-employer, cost-sharing
public retirement system. The System, which is controlled by the State
Legislature and administered by the. State of Florida, Department of
Administration, Division of Retirement, covers approximately 573,000 full -time
employees of various governmental units within the State of Florida.
The System provides for vesting of benefits after 10 years of creditable service.
Normal retirement benefits are available to employees who retire at or after age
62 with 10 or more years of service. Early retirement is available after 10
0
years of service with a 5% reduction of benefits for each year prior to normal
retirement age. Retirement benefits are based upon age, average compensation and
years-of-service -credit where average compensation is computed as the average of
an individual 's five highest years of earnings.
_� -8-
i
MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
NOTES TO FINANCIAL STATEMENTS
r ,
SEPTEMBER 30, 1995
NOTE 5 - RETIREMENT PLAN (Continued)
The Property Apprai ser has no responsi bi 1 i ty to the System other than to make the
periodic payments required by State Statutes. Ten-year historical trend
information showing the System's progress in accumulating sufficient assets to
pay benefits when due is presented in the System's June 30, 1995 Comprehensive
Annual Financial Report.
The amount reported below as "pension benefit obligation" is a standardized
disclosure measure of the present value of pension benefits, adjusted for the
effects of projected salary increases estimated to be payable in the future as
a result of employee service to date. The measure is the actuarial present value
of credited projected benefits and is intended to assist users in assessing the
j plan's funding status on a going-concern basis, assess progress made in
accumulating sufficient assets to pay benefits when due, and make comparisons
among government pension plans and employers. The System does not conduct
separate measurements of assets and pension benefit obligations for individual
employers. The pension benefits obligation at June 30, 1993 for the System as
a whole, determined through an actuarial valuation performed as of that date, was
$47.3 billion. The System's net assets available for benefits on that date
(valued at amortized cost) were $41.6 billion, resulting in an unfunded pension
-' benefit obligation of $5.7 billion.
Participating employer contributions are based upon state-wide rates established
by the State of Florida. These rates are applied to employee salaries as
follows: regular;' employees, 16.91%; and elected officials, 27.48%. There are
no employee contributions to the Plan. The Property Appraiser's contributions
of approximately $220,000 made during the year ended September 30, 1995 were made
in accordance with contribution requirements determined by the actuarial
valuation of the �System as of June 30, 1995. These contributions represented
approximately .008% of total contributions required of all participating
employers during the fiscal year of the System ended June 30, 1995.
Total payroll for Property Appraiser's employees during the fiscal year ended
September 30, 1995 was approximately $1,214,000, with the portion attributed to
employees covered by the System being $1,207,000. The contribution to the System
for the year was 18.1% of total payroll .
There were no changes in actuarial assumptions, benefit provisions, actuarial
_ funding methods or any other significant factors that affected the Property
Appraiser's contribution during the fiscal year ended September 30, 1995.
NOTE 6 - DEFERRED COMPENSATION PLAN
The Property Appraiser offers its employees a deferred compensation plan created
in accordance with Internal Revenue Code Section 457. The plan, available to all
-9-
-- MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
NOTES TO FINANCIAL STATEMENTS
!, SEPTEMBER 30, 1995
NOTE 6 - DEFERRED COMPENSATION PLAN (Continued)
Property Appraiser employees, permits them to defer a portion of their salary
until future years. The deferred compensation is not available -to employees
- until termination, retirement, death, or unforeseeable emergencies.
All amounts of compensation deferred under the plan, all property and rights
purchased with those amounts, and all income attributable to those amounts,
property or rights are (until paid or made available to the employee or other
beneficiary) solely the property and rights of the Property Appraiser (without
being restricted to the provisions of benefits under the plan) , subject only to
the claims of the,Property Appraiser's general creditors. Participants' rights
under the plan are equal to those of general creditors of the Property Appraiser
in an amount equal to the fair market value of the deferred account for each
participant.
The Property Appraiser has no liability for losses under the plan but does have
the duty of due care that would be required of an ordinary prudent investor. The
Property Appraiser believes that it is unlikely that the assets will be used to
satisfy the claims of general creditors in the future.
NOTE 7 - LITIGATION
The Property Appraiser is a defendant in various lawsuits and is involved in
other disputes wherein substantial amounts are claimed. In the opinion of the
Property Appraiser, these suits and claims should not result in judgements or
settlements which, in aggregate, would have a material effect on the Property
Appraiser's financial position.
NOTE 8 - RISK MANAGEMENT
The Property Appraiser is exposed to various risk of loss related to tort; theft
of, damage to, and destruction of assets; errors and omissions; injuries to
11 employees; and natural disasters. The Property Appraiser participates in the
coverage provided by the Board of County Commissioners of Monroe County for
Workers Compensation, Group Insurance, and Risk Management internal service
funds. Under these programs, the Worker's Compensation Fund provides $450,000
coverage per claim for regular employees. The Group Insurance Fund provides
coverage up to $75,000 for each medical claim. Risk Management provides $100,000
for each general liability claim and $25,000 for most property damage claims.
Windstorm, Flood and Property Damage insurance excess coverage varies by
individual property. The County purchases commercial insurance for claims in
excess of coverage provided by the funds and for all other risks of loss.
Settled claims have not exceeded this commercial coverage in any of the past
j three years. The Property Appraiser makes payments to the Worker's Compensation,
Group Insurance and Risk Management Funds based on estimates of the amounts
needed to pay prior and current year claims.
�I -10-
LJ
J MONROE COUNTY, FLORIDA
PROPERTY APPRAISER
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
AGENCY FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1995
i
DEFERRED Balance, Balance,
COMPENSATION FUND 1994 Additions Deductions 1995
Assets:
.Cash and Investments $ 366,683 $ 116,330 $ 25,023 $ 457,990
I
Liabilities:
Due to Individuals $ 366,683 $ 116,330 $ 25,023 $ 457,990
L_�
�I
�I
KEMP !& GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE
WM. O. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF
MARVA E. GREEN, C.P.A. FAX # (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE
Mr. Ervin A. Higgs
Property Appraiser
}
Monroe County, Florida
We have audited the financial statements of the Property Appraiser of Monroe
County, Florida, ("Property Appraiser") for the year ended September 30, 1995,
and have issued our report thereon dated March 8, 1996.
-I' We conducted our audit in accordance with generally accepted auditing standards
and 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.
In planning and performing our audit of the financial statements of the Property
Appraiser for the year ended September 30, 1995, we considered its internal
control structure in order to determine our auditing procedures for the purpose
of expressing our opinion on the financial statements and not to provide
-- assurance on the internal control structure.
The management of the Property Appraiser is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgements by management are required to assess the expected
benefits and related costs of internal control structure policies and procedures.
The objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded_against loss
from unauthorized use or disposition, and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles. Because of inherent limitations in any. internal control
structure, errors or irregularities may nevertheless occur and not be detected.
Also, projection of any evaluation of the structure to future periods is subject
to the risk that procedures may become inadequate because of changes in
conditions or that the effectiveness of the design and operation of policies and
procedures may deteriorate.
In planning and performing our audit of the financial statements of the Property
Appraiser for the year ended September 30, 1995, we obtained an understanding of
;J the internal control structure. With respect to the internal 'control structure,
we obtained an understanding of the design of relevant policies and procedures
and whether. they have been placed in operation, and we assessed control risk in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and not to provide an opinion on the internal
control structure. Accordingly, we do not express such an opinion.
�I -12-
_ Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be reportable
V conditions and, accordingly, would not necessarily disclose all reportable
conditions that are also considered to be material weaknesses. A material
t weakness is a reportable condition in which the design or operation of one or
more of the specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities in amounts that would
be material in relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal course of
performing their assigned functions. We noted no matters involving the internal
control structure and its operations that we consider to be material weaknesses
as defined above.
We also noted other matters involving the internal control structure and its
operation that we have reported to the management of the Property Appraiser in
the Auditor's Management Letter dated March 8, 1996 included at page 14.
This report is intended for the information of Board of County Commissioners,
management and others within the County, and officials of applicable federal and
state agencies. However, this report is a matter of public record and its
distribution is not limited.
Kemp & Green, P.A.
Certified Public Accountants
March 8, 1996
�i -13-
KEMP Z4 GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE
WM. O. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF
MARVA E. GREEN, C.P.A. FAX * (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' MANAGEMENT LETTER
Mr. Ervin A. Higgs
Property Appraiser
Monroe County, Florida
In planning and performing our audit of the financial statements of the Property
Appraiser of Monroe County, Florida .("Property Appraiser") , for the year ended
September 30, 1995, we considered the Property Appraiser's internal control
structure in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements. Although our audit was not
designed to provide assurance on the internal control structure and its
operations, we noted certain matters involving the internal control structure and
!_! its operation, and are submitting for your consideration related recommendations
designed to help the Property Appraiser make improvements and achieve operational
efficiencies. Our comments reflect our desire to be of continuing assistance to
the Property Appraiser.
Reported in Prior Year's Management Letter, Not Implemented
as of September 30, 1995
During the course of our audit of the financial statements of the Property
we noted appropriate action had been taken u
Appraiser, on recommendations and p
suggested accounting procedures as outlined in the Management Letter for the year
- ended September 30, 1994.
Current Year ar Findings
None
OTHER REQUIRED DISCLOSURES
w Marva Green was the Auditor in Charge for the audit of the Property Appraiser.
We attest that the Auditor in Charge met the educational requirements pursuant
to Chapter .11.45,. Florida Statutes.
The Property Appraiser was not in a state of financial emergency as described in
Florida Statutes, Section 218.503(1) .
-14-
I
We have reviewed the annual report filed with the Department of Banking and
Finance for Monroe County, Florida pursuant to Section 218.32, Florida Statutes.
This report is in agreement with the annual audit report which incorporates the
financial statements of the Property Appraiser.
Requirements relative to Public Records Modernization Trust money do not apply
to the Property Appraiser.
This report is intended solely for the information of the Board of County
Commissioners and-others within the County, and officials of applicable federal
and state agencies. This restriction is not intended to limit the distribution
of this report, which is a matter of public record.
Kemp & Green, P.A.
Certified Public Accountants
March 8, 1996
-15-
KEMP Ed GREEN, P.A.
Certified Public Accountants
1438 KENNEDY DRIVE
P. O. BOX 1529
KEY WEST, FLORIDA 33041-1529 MEMBER OF AMERICAN INSTITUTE
WM. O. KEMP, C.P.A. (305) 294-2581 AND FLORIDA INSTITUTE OF
I"I MARVA E. GREEN, C.P.A. FAX * (305) 294-4778 CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
Mr. Ervin A. Higgs;,
Property Appraiser
Monroe County, Florida
We have audited the financial statements of the Property Appraiser of Monroe
_ . County, Florida ("Property Appraiser") , as of and for the year ended September
30, 1995 and have issued our report thereon dated March 8, 1996.
We conducted our audit in accordance with generally accepted auditing standards
and 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.
Compliance with laws, regulations, contracts, and grants applicable to the
Property Appraiser' is the responsibility of the Property Appraiser's management.
As art of obtaining reasonable assurance about whether the financial statements
are free of material misstatement, we performed tests of the Property Appraiser's
- compliance with certain provisions of laws, regulations, contracts, and grants.
However, the objective of our audit of the financial statements was not to
provide an opinion on overall compliance with such provisions. Accordingly, we
do not express such an opinion.
The results of our tests disclosed no instances of noncompliance that are
required to be reported herein under Government Auditing Standards.
s intended for the information of the Board of Count Commissioners
This report i y ,
management and others within the County, and officials of applicable federal and
state agencies. However, this report is a matter of public record and its
distribution is not limited.
4- ,
- Kemp & Green, P.A.'
Certified Public Accountants
March 8, 1996
-16-