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Agenda 06/24/2008 Item #13A Agenda Item No. 13A June 24, 2008 Page 1 of 2 EXECUTIVE SUMMARY PRESENTATION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2007. OBJECTIVE: Presentation of the comprehensive annual financial report for the fiscal year ended September 30. 2007. CONSIDERATIONS: The Clerk of the Circuit Court serving in the capacity as Ex-Officio Clerk to the Board of County Commissioners is responsible for coordination of the annual independent audit along with the production of the comprehensive annual financial report (CAFR). In this role, the Clerk is pleased to present to the Board the comprehensive annual financial report for the fiscal year ended September 30. 2007. which includes the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting for the fiscal year ended September 30. 2006, The comprehensive annual financial report (CAFR) represents a significant investment of effort by both the Finance and Accounting Department and County staff. We would like to express our sincere appreciation to Ernst and Young LLP. the Board, the other Constitutional Officers, the County Manager. the County Attorney. the Division Administrators and the Department Directors for their assistance during the CAFR process. GROWTH MANAGEMENT IMP ACT: There is no growth management impact. LEGAL CONSIDERATIONS: There are no legal considerations outside the requirement to have an annual audit. FISCAL IMPACT: There is no fiscal impact. RECOMMENDATION: That the Collier County Board of COtmty Commissioners accepts the comprehensive annual financial report for the period ended September 30, 2007. Prepared By: Derek M. Johnssen, CPA, General Accounting Manager Clerk of the Circuit Court, Finance and Accounting Department Page 1 of 1 Agenda Item No. 13A June 24, 2008 Page 2 of2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: Item Summary: 13A Meeting Date: This item to be heard at 10:00 3.m Presentation of the comprehensive annual financial report for the fiscal year ended September 30, 2001.. 6/24/20089.0000 AM Prepared By Derek Johnssen General Account Manager Date Clerk of Courts Finance 6/13/20084:51:31 PM Approved By Crystal Kinzel Director of Finance Date Clerk of Courts Finance 6/13/2008 4: 59 PM Approved By John A. Y onkosky Director of the Office of Management Date County Manager's Office Office of Management & Budget 6/17/20084:18 PM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 6/17/20086:19 PM file://C:\AgendaTest\Export\ J J 0-.Iune%2024,%202008\ 13,%200THER%20CONSTITUTI... 6/18/2008