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All internal control evaluations occur within the above framework. We believe that the <br />City's internal accounting controls adequately safeguard assets. <br />BUDGETARY CONTROL <br />Budgetary control, in conformance with the City Charter and Florida Statutes, is <br />maintained through constant review by the Finance Director. Budgetary responsibility for <br />the General, Special Revenue, Debt Service, Capital Projects, and Enterprise Funds is <br />established at the fund level. Detailed monthly revenue and expenditure/expense reports <br />are prepared for each department. <br />The annual budget serves as the foundation for the City's financial planning and control. <br />All departments of the City are required to submit budget requests to the City Finance. <br />The Finance Department reviews and edits the requests and prepares a draft department <br />requested budget. This draft budget is submitted to the City Manager for consideration. <br />The City Manager meets with each department director to review the requested budget. <br />Using the submitted requested budget and the information from meeting with each <br />department director, the City Manager develops a recommended budget. The City <br />Manager submits the recommended budget to the City Commission. <br />During the summer, the City Manager and the City Commission hold a working meeting <br />to review the recommended budget. During this working meeting, the City Manager <br />presents the recommended budget. The adopted budget is prepared by fund, function <br />(e.g., public safety), and department (e.g., police). Department heads may make <br />transfers of appropriations within a department. Transfers of appropriations between <br />departments require the approval of the City Manager. Changes in the total fund budget <br />require City Commission approval. <br />Budget -to -actual comparisons are provided in this report for each individual governmental <br />fund for which an appropriated annual budget has been adopted. For the General Fund <br />and American Rescue Plan Act Fund (major funds) this comparison is presented as part <br />of the basic financial statements for the governmental funds. For other governmental <br />funds with adopted annual budgets, this comparison is presented in the governmental <br />fund subsection of this report. <br />The City Commission holds public hearings on the proposed budget in September of each <br />year and adopts a final budget no later than September 30th, the close of the City's fiscal <br />year. <br />THE REPORTING ENTITY AND ITS SERVICES <br />The funds and entities related to the City of Casselberry that are included in the Annual <br />Comprehensive Financial Report are controlled by or dependent on the City. <br />Determination of "controlled by or dependent on" is based on criteria and disclosure <br />requirements of Governmental Accounting Standards Board Statement (GASB) Number <br />61 The Financial Reporting Entity, as amended by GASB Number 80, Blending <br />Requirements for Certain Component Units and GASB Number 84, Fiduciary Activities. <br />The criteria deal with the selection of governing authority, designation of management, <br />and ability to significantly influence operations and accountability for fiscal matters. <br />Based on these criteria, the various funds shown in the Table of Contents are included in <br />this report. This report, together with the accounting and budgeting systems, have been <br />Vi <br />