HomeMy WebLinkAboutDocumentation_Regular_Tab 05A_6/13/2002MEMORANDUM
DATE: JUNE 7, 2002
TO: MICHAEL COUZZO, VILLAGE MANAGER
FROM: JOANN FORSY TT IE, FINANCE DIRECTO 9 f
RE: Presentation of CAFR to the Tequesta Villag ouncil and Finance Department
Update
Please find enclosed ten (10) copies of the Comprehensive Annual Financial Report (CAFR) of the Village
of Tequesta, Florida for the fiscal year ended September 30, 2001 to be formally presented, by the auditing
firm of Rachlin, Cohen and Holtz., to the Village Council on June 13, 2001
The Finance department is proud to present the CAFR to the Village Council. The fiscal year ended
September 30, 2001 and the subsequent completion of the CAFR was a formidable challenge for the finance
department. Some of the challenges faced this past year and the accomplishments of this department are:
?O N • Hiring and training a complete finance staff.
• Reorganized positions, duties and functions of the finance staff to improve efficiency.
• Researched, improved and developed procedures and forms for the processing of various
functions (A/P, P.O.'s, Payroll, etc).
• Physically moved the finance department personnel, files and computer systems to a new
location.
• Hired new auditors.
• Researched, compiled and corrected errors (dating back several years) in the accounting records.
• Upgraded critical computer software (payroll, utility billing, capital assets) from DOS to
Windows® and arranged for in-house training.
• Completed a re -installation of the network computer system after multiple system crashes.
• Completed the closing of fiscal year ended September 30, 2001 and preparation of the CAFR
and applied for the Certificate of Achievement in Financial Reporting within the time limits
extended to us.
It should be noted, that his was accomplished by a new staff while continuing to process the normal day-
to-day workload of a municipal finance department. Because of the strong, cohesive finance staff that
has been developed, the Village of Tequesta can expect to see continued improvements in the coming
years.
6/7/021:15 PM