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Cafr Broward County

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Cafr Broward County
1. For the Year ending September 30, 2011 an independent audit was done by Crowe Herewith LLP, certified public accountants for the county of Broward. The opinion rendered was unqualified, the financial statements included in the report conforms with generally accepted accounting principals (GAAP) accepted by Governmental Accounting Standards Board (GASB). The purpose of the independent audit is for the purpose of providing explanatory and applicable financial information to the citizens, board members, investors, creditors and all other readers. The responsibility lies upon the county for accuracy and fairness presented within the financial statements and other information presented. In addition to the independent audit of the financial statements a federal and state mandated “Single Audit” was done that is designed to meet the needs of federal and state grantor agencies. This report requires the independent auditor to report on the fair presentation of the financial statements, in addition to the audit of the government’s internal controls and compliance with legal requirements, with focus on the administration of federal and state awards.

Broward county provides a vast array of services, ranging from property assessments, “tax collection, law enforcement, fire rescue protection, maintenance of streets, highways, bridges and traffic signals, parks, libraries, airport, seaport, a convention center, water and sewer systems, transportation, environmental protection,urban planning, economic development, and other community and human services.” There are other legally separate entities also included in the financial Statements that hold financial bearing.

The economic base for broward country are as follows, tourism industry, construction industry, air and seaport facilities and many other industries approximately 50,000 businesses with 100 fortune 500 companies in the county.

Additionally, CAFR asserts that that the labor force/unemployment has
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