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HomeMy WebLinkAboutFiscal Year 2025 20 - 5 Monroe County, Florida Supervisor of Elections Financial Statemeis and Independent Auditor's For the Year Ended September 30, 2025 PURVIs GiIAY IIE R U II IF"II E IL) F!° U IB L IV C A C C 0 U Vow II A N � K8C]NRQE COUNTY, FLORIDA SUPERVISOR C]FELECTIONS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 8EPTEK8BER 30\2026 TABLE OFCONTENTS Independent Auditor's Report..................................................................................................................1'3 Financial Statements Balance Sheet—General Fund...................................................................................................................4 Statement of Revenues, Expenditures and Changes in Fund Balance—General Fund-------------------------------.5 Notes to Financial Statements..............................................................................................................6'1U Required Supplementary Information (Unaudited) Schedule ofRevenues, Expenditures and Changes in Fund Balance— Budget and Actua|—Genera| Fund------------------------. 11 Other Reports Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based onan Audit of Financial Statements Performed in Accordance with Government Auditing Standards.....................................................................1Z'13 Independent Accountant's Report on Compliance with Florida Statutes Section Z18.415 Investments of Public Funds......................................................... 14 U R V I s G 111 AY INDEPENDENT AUDITOR'S REPORT To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida Report on the Audit of the Financial Statements Opinion We have audited the accompanying financial statements of the major fund of the Monroe County, Florida Supervisor of Elections (the Supervisor) as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the Supervisor's financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the major fund of the Supervisor as of September 30, 2025, and the changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Supervisor and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Emphasis of Matter As discussed in Note 1, the accompanying financial statements of the Supervisor were prepared for the purpose of complying with Section 218.39, Florida Statutes, and Section 10.557(3), Rules of the Auditor General. They do not purport to, and do not, present fairly the financial position of Monroe County, Florida as of September 30, 2025, and the changes in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. CERTIFIED PUBLIC ACCOUNTANTS puirvisgray.corn Iwo.oral'um,of'Au7mua.vuur rcmtil F&nida Inst lu ik,"'(111 Cvufflied l"Gsfxlu�:,r 1 To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida INDEPENDENT AUDITOR'S REPORT Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards, we: ■ Exercise professional judgment and maintain professional skepticism throughout the audit. ■ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. ■ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Supervisor's internal control. Accordingly, no such opinion is expressed. ■ Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. ■ Conclude whether, in our judgment,there are conditions or events, considered in the aggregate,that raise substantial doubt about the Supervisor's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that budgetary comparison schedules be presented to supplement the financial statements. Such information is the responsibility of management and, although not a part of the financial statements, is required by the Governmental Accounting Standards Board,who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responsesto our inquiries,the financial statements,and other knowledge 2 To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida INDEPENDENT AUDITOR'S REPORT we obtained during our audit of the financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information,although not a part of the financial statements,is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. Our opinion on the financial statements is not affected by the missing information. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 30, 2026, on our consideration of the Supervisor's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, and other matters. The purpose of that report is solely 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 effectiveness of the Supervisor's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with GovernmentAuditing Standards in considering the Supervisor's internal control over financial reporting and compliance. Purvis! January 30, 2026 Sarasota, Florida 3 FINANCIAL STATEMENTS MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS BALANCE SHEET GENERAL FUND SEPTEMBER 30,2025 ASSETS Assets Cash $ 152,155 Prepaid Items 36,800 Total Assets 188,955 LIABILITIES AND FUND BALANCES Liabilities Accounts Payable 10,752 Accrued Wages and Benefits Payable 31,182 Due to Board of County Commissioners 147,021 Total Liabilities 188,955 Fund Balances Non-Spendable 36,800 Unassigned (36,800) Total Fund Balances - Total Liabilities and Fund Balances $ 188,955 See accompanying notes. 4 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Revenues Intergovernmental-Board of County Commissioners $ 2,739,362 Miscellaneous 2,758 Investment Income 1,564 Total Revenues 2,743,684 Expenditures Current: Personnel Services 1,609,478 Operating Expenditures 743,293 Debt Service: Principal 27,775 Interest 360 Capital Outlay 215,757 Total Expenditures 2,596,663 Excess of Revenues Over Expenditures 147,021 Other Financing Sources(Uses) Transfer to Board of County Commissioners (147,021) Total Other Financing Sources(Uses) (147,021) Net Change in Fund Balances - Fund Balances,Beginning of Year - Fund Balances,End of Year $ - See accompanying notes. 5 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS NOTES TO FINANCIAL STATEMENTS Note 1 -Nature of Entity and Significant Accounting Policies Financial Reporting Entity The Monroe County, Florida (the County) Supervisor of Elections (the Supervisor) is a separately elected county official established pursuant to Article Vill, Section 1(d) of the Constitution of the State of Florida. These financial statements present only the Supervisor's office and do not purport to reflect the financial position or the results of operations of the County taken as a whole. The financial statements of the Supervisor have been prepared in accordance with the accounting principles and reporting guidelines established by the Governmental Accounting Standards Board (GASB). Entity status for financial reporting purposes is governed by GASB Statement No. 14, as amended. Although the Supervisor's office is operationally autonomous,it does not hold sufficient corporate powers of its own to be considered a legally separate entity for financial reporting purposes. Therefore, under GASB guidelines,the Supervisor is reported as part of the primary government of the County. The financial activities of the Supervisor, as a constitutional officer, are included in the County Annual Comprehensive Financial Report. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The Supervisor's financial statements are prepared for the purpose of complying with Section 218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor General, which require the Supervisor to only present special purpose fund financial statements. The General Fund is used to account for all revenues and expenditures applicable to the general operations of the Supervisor that are not legally required by accounting principles generally accepted in the United States of America (U.S. GAAP) to be accounted for in another fund. The General Fund is a governmental fund which uses the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized when measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose,the Supervisor considers amounts collected within 30 days after year-end to be available and thus recognizes them as revenues of the current year. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, expenditures related to compensated absences, debt service including leases, pension and other postemployment benefits, and claims and judgments are recorded only when they are due and payable. The extent to which General Fund revenues exceed General Fund expenditures is reflected as transfers out and as a liability to the Monroe County Board of County Commissioners (the Board). Cash The Supervisor's cash consists of demand deposits. All cash is insured by the Federal Deposit Insurance Corporation or covered by the State of Florida collateral pool, a multiple financial institution pool with the ability to assess its members for collateral shortfalls if a member institution fails. 6 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS NOTES TO FINANCIAL STATEMENTS Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. The cost of prepaid inventory and supplies is recorded as an expenditure at the time it is acquired, which is in accordance with the purchase method. At year-end, the balance of prepaid items is recorded as an asset of the fund with a corresponding non-spendable or restricted fund balance. Capital Assets Tangible personal property used in the Supervisor's operations is recorded as expenditures in the General Fund at the time assets are received and a liability is incurred. Purchased assets are capitalized at historical cost in the government-wide financial statements of the County. In addition, the County provides office space used by the Supervisor at no charge. Compensated Absences The Supervisor permits employees to accumulate earned but unused vacation and sick pay benefits. The Supervisor is not legally required to and does not accumulate expendable available financial resources to liquidate this obligation. The obligation for compensated absences is accrued in the government-wide financial statements of the County. Related long-term obligations, amounting to $88,854 at September 30, 2025, are included in the government-wide financial statements of the County. Fund Balance Presentation In accordance with GASB Statement No. 54, the fund balances of the governmental funds indicate the level of constraints placed upon how resources can be spent and identify the sources of those constraints. This classification includes amounts that can be spent only for specific purposes because of constitutional provisions or enabling legislation or because of constraints that are externally imposed by creditors, grantors,contributors,or the laws or regulations of other governments. This consists of the following five classifications: non-spendable, restricted, committed, assigned, or unassigned. The Supervisor first uses restricted resources, and then committed, followed by assigned and unassigned resources. Non-Spendable Fund Balance Includes amounts that cannot be spent because they are either not in spendable form, or for legal or contractual reasons, must be kept intact. This classification includes prepaid items. Spendable Fund Balance ■ Restricted—Includes amounts that are constrained for specific purposes which are externally imposed by providers (such as grantors or creditors) or enabling legislation. ■ Committed—Includes amounts that are constrained for specific purposes that are internally imposed by the highest level of decision-making authority,which in this case is the Supervisor. There were no committed balances at year-end. ■ Assigned—Includes amounts that are intended to be used for specific purposes that are not restricted or committed. Assignments can be made at the direction of the Supervisor. ■ Unassigned— Represents fund balance that has not been assigned to other funds, and that has not been restricted, committed, or assigned to specific purposes within the General Fund. 7 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS NOTES TO FINANCIAL STATEMENTS Leases The Supervisor is a lessee for non-cancellable building and equipment leases. At the government-wide level, in the governmental activities opinion unit, the County recognizes a lease liability and an intangible right-to-use lease asset (lease asset). At the commencement of a lease, the Supervisor and the County initially measure the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease asset is amortized on a straight-line basis over its useful life. At the fund level, the Supervisor recognizes an expenditure and other financing source in the period the lease is initially recognized. Key estimates and judgments related to leases include how the Supervisor and County determine: (1)the discount rate used to discount the expected lease payment to present value, (2) lease term, and (3) lease payments. ■ The Supervisor and County use the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the Supervisor and County generally use the estimated incremental borrowing rate as the discount rate for the leases. ■ The lease term includes the non-cancellable period of the lease. Lease payments include the measurement of the lease liability and are composed of the fixed payments and purchase option price that the Supervisor and County are reasonably certain to exercise. New Accounting Pronouncements Effective October 1, 2024, the Supervisor adopted the provisions of GASB Statement No. 102, Credit Risk Disclosures. The objective of this statement is to provide users of government financial statements with essential information about risks related to a government's vulnerabilities due to certain concentrations or constraints. The adoption of this statement did not affect the financial statements of the Supervisor. The following new accounting pronouncement has been issued but is not yet effective: GASB Statement No. 103, Financial Reporting Model Improvements, will become effective for the year ending September 30, 2026. This statement updates the guidelines for Management's Discussion and Analysis, unusual and infrequent items, proprietary fund statements, major component unit presentation, and budgetary comparison information to enhance effectiveness and comparability in information provided to financial statement users. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from estimates. Subsequent Events The Supervisor has evaluated subsequent events through January 30, 2026, in connection with the preparation of these financial statements,which is the date the financial statements were available to be issued. 8 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS NOTES TO FINANCIAL STATEMENTS Note 2-Deposits and Investments The Supervisor follows Florida Statutes for its investment policy, which authorizes investments in certificates of deposit, savings accounts, repurchase agreements, the Local Government Surplus Funds Trust Fund administered by the Florida State Board of Administration, and obligations of the U.S. government and government agencies unconditionally guaranteed by the U.S. government. At September 30, 2025, the Supervisor had demand deposits with a carrying amount of$152,155 and a bank balance of$174,049. Note 3 -Retirement System The Supervisor participates in the Florida Retirement System for pension benefits. A detailed plan description and any liability for employees of the Supervisor are included in the financial statements of the County. Note 4-Postemployment Benefits Other Than Pensions The Supervisor participates in the plan established by the Board to provide other postemployment benefits to retirees of the Board and Constitutional Officers. A detailed plan description and any liability for employees of the Supervisor are included in the financial statements of the County. Note 5 -Risk Management The Supervisor is exposed to various risks of loss related to tort; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Supervisor participates in the coverage provided by the Board for Workers' Compensation, Group Insurance, and Risk Management internal service funds. Under these programs, Workers' Compensation provides $500,000 coverage per claim for regular employees. Workers' Compensation claims in excess of the self-insured coverage are covered by an excess insurance policy. Risk Management has a $5,000,000 excess insurance policy for general liability claims with a $200,000 self-insured retention, and building property damage is covered for the actual value of the buildings with a deductible of$50,000. Deductibles for windstorm and flood vary by location. 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 three years. The Supervisor makes payments to the Workers' Compensation, Group Insurance and Risk Management Funds based on estimates of the amounts needed to pay prior and current year claims. Note 6-Lease Commitments The Supervisor entered into a lease agreement for office space that qualified as a lease under GASB Statement No. 87, Leases. Accordingly, a lease liability was recorded at the present value of future minimum lease payments as of the date of their inception. 9 MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS NOTES TO FINANCIAL STATEMENTS During the fiscal year ended September 30, 2025,the office space lease was terminated effective May 31, 2025, and replaced with a short-term, cancelable agreement. As a result of the lease termination, the remaining lease liability was fully extinguished during the year and no lease obligations remained outstanding as of September 30,2025. The changes in the lease liability for the year ended September 30, 2025,were as follows: Balance Balance 10/1/2024 Additions Deductions 9/30/2025 Lease Liability S 27.775 S - S (27,775) S - Note 7-Litigation The Supervisor is a party,from time to time, in various lawsuits and other claims incidental to the ordinary course of its operation, some of which are covered by the Board's self-insurance program. While the results of litigation cannot be predicted with certainty, management believes the final outcome of such litigation will not have a material adverse effect on the Supervisor's financial position. 10 REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED) MONROE COUNTY, FLORIDA SUPERVISOR OF ELECTIONS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL GENERAL FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 General Fund Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental: Board of County Commissioners $ 2,739,362 $ 2,739,362 $ 2,739,362 $ - Investment Income - - 2,758 2,758 Miscellaneous - - 1,564 1,564 Total Revenues 2,739,362 2,739,362 2,743,684 4,322 Expenditures Current: Personnel Services 1,567,362 1,567,362 1,609,478 (42,116) Operating Expenditures 757,000 757,000 743,293 13,707 Debt Service: Principal - - 27,775 (27,775) Interest - - 360 (360) Capital Outlay 415,000 415,000 215,757 199,243 Total Expenditures 2,739,362 2,739,362 2,596,663 142,699 Excess of Revenues Over Expenditures - - 147,021 147,021 Other Financing(Uses) Transfers to Board of County Commissioners - - (147,021) (147,021) Total Other Financing Uses - - (147,021) (147,021) Net Change in Fund Balance - - - - Fund Balances,Beginning of Year - - - - Fund Balances,End of Year $ - $ - $ - $ - Note to Required Supplementary Information Budgetary Requirements - General Fund expenditures are controlled by appropriations in accordance with the budget requirements set forth in the Florida Statutes. The budget is prepared on the basis consistent with accounting principles generally accepted in the United States of America. 11 OTHER REPORTS P U RV Is G 111 AY 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 Sherri Hodies Supervisor of Elections of Monroe County, Florida We have audited, in accordance with the 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,the financial statements of the major fund of the Monroe County, Florida Supervisor of Elections (the Supervisor) as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the Supervisor's financial statements,and have issued our report thereon dated January 30, 2026. Our report includes an emphasis of matter paragraph to reflect that these financial statements were prepared to complywith Section 218.39, Florida Statutes,and Chapter 10.557(3), Rules of the Auditor General, and are intended to present the financial position and the changes in financial position of the Supervisor and do not represent a complete presentation of thefinancial statements of Monroe County, Florida. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Supervisor's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Supervisor's internal control. Accordingly, we do not express an opinion on the effectiveness of the Supervisor's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. Amaterial weakness is a deficiency,or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency,or a combination of deficiencies, in internal control that is less severe than a material weakness,yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. CERTIFIECD PUBLIC ACCOUNTANTS 6'aiz°csvffle � Oca ar �� Taflahaassee �� Sarasol.a � Oria.un' to I I;'sampa purrvisgray.com Vunuul�Ru°u aa�Aromzruaw) Floridafins'kfluu°a,of,� I ubtiic Axgx ativat0or s 12 To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida 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 Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Supervisor's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,contracts and grant agreements, non-compliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of non-compliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Supervisor's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Supervisor's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Purvis! January 30, 2026 Sarasota, Florida 13 U R V I s G 111 AY INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH FLORIDA STATUTES SECTION 218.415—INVESTMENTS OF PUBLIC FUNDS To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida We have examined the Monroe County, Florida Supervisor of Elections' (the Supervisor) compliance with Section 218.415, Florida Statutes, during the fiscal year ended September 30, 2025. Management of the Supervisor is responsible for the Supervisor's compliance with those requirements. Our responsibility is to express an opinion on the Supervisor's compliance based on ourexamination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the Supervisor complied, in all material respects, with the requirements referenced above. An examination involves performing procedures to obtain evidence about whether the Supervisor complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material non-compliance,whether due to fraud or error. We believe that the evidence obtained is sufficient and appropriate to provide a reasonable basis for ouropinion. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. Our examination does not provide a legal determination of the Supervisor's compliance with the specified requirements. In our opinion, the Supervisor complied, in all material respects, with the aforementioned requirements during the fiscal year ended September 30, 2025. This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and Florida House of Representatives,the Florida Auditor General,federal and other granting agencies, Monroe County, Florida, the Supervisor, and applicable management, and is not intended to be, and should not be, used by anyone other than these specified parties. Purvis! January 30, 2026 Sarasota, Florida CERTIFIECD PUBLIC ACCOUNTANTS purrvisgray.com Nlonbeu°�of Aromzu-kw) Florida of I°GaV,hc AartQxmaoor s 14 U R V I s G 111 AY MANAGEMENT LETTER To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida Report on the Financial Statements We have audited the financial statements of the major fund of the Monroe County, Florida Supervisor of Elections (the Supervisor) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated January 30, 2026. Auditor's Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America;the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General. Other Reporting Requirements We have issued our Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Accountant's Report on an examination conducted in accordance with American Institute of Certified Public Accountants Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports,which are dated January 30, 2026, should be considered in conjunction with this management letter. Prior Audit Findings 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 or recommendations made in the preceding annual financial audit report. Official Title and Legal Authority Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The legal authority is disclosed in Note 1 to the financial statements. Financial Management Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. CERTIFIED PUBLIC ACCOUNTANTS puirvisgray.corn Iwo.oral'um,of'Au7mua.vuur rcmtil F&nida Inst lu ik,"'(111 Cvufflied l"Gsfxlu�:,r 15 To the Honorable Sherri Hodies Supervisor of Elections of Monroe County, Florida MANAGEMENT LETTER Additional Matters Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate non-compliance with provisions of contracts or grant agreements, or fraud, waste, or abuse, that has occurred, or is likely to have occurred, that has an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives,the Florida Auditor General, federal and other granting agencies, Monroe County, Florida, the Supervisor, and applicable management, and is not intended to be, and should not be, used by anyone other than these specified parties. Purvis January 30, 2026 Sarasota, Florida 16 P U RV I s G ��R AY C'E I f 11 F I E!:) PU 1:3 111 C A('CC U IN r/k I Ocahl I "I"Anhassee � Sarasom I Orhodo purvisgray-com