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CITY op <br />�l \S ES <br />City Commission April 29, 2024 <br />Larisa Svechin <br />Mayor <br />Alex Lama Honorable Mayor <br />Vice Mayor Members of the City Commission <br />Citizens of the City of Sunny Isles Beach, Florida <br />Jerry Joseph <br />Commissioner We are pleased to submit the Annual Comprehensive Financial Report <br />Fabiola Stuyvesant ("ACFR") of the City of Sunny Isles Beach, Florida (the "City"), for the fiscal <br />Commissioner year ended September 30, 2023. State law requires that all general-purpose local <br />Jengovernments annually publish a complete set of financial statements within nine <br />Commissioner <br />oner ra months of the close of each fiscal year. These financial statements are presented <br />Commissioner in conformity with generally accepted accounting principles in the United States <br />of America ("GAAP") and audited in accordance with generally accepted <br />auditing standards by an external auditing firm. We believe that this report <br />Stan Morris complies with these requirements and continues to present the City's strong <br />City Manager tradition of full financial disclosure. The philosophy is reflected in the <br />Mauricio Betancur informative financial analysis provided by the City's Finance Department and <br />City Clerk, CMC the statistical tables included herein. <br />The ACFR's role is to assist in making good decisions and to assist in assessing <br />accountability to the citizenry by: <br />• Comparing actual financial results with the legally adopted budget, where <br />appropriate; <br />• Assessing financial condition and results of operations; <br />• Assisting in determining compliance with finance -related laws, rules and <br />regulations; and <br />• Assisting in evaluating the efficiency and effectiveness of City <br />operations. <br />Responsibility for both the accuracy of the presented data and the completeness <br />and fairness of the presentation, including all disclosures, rests with the <br />management of the City. <br />We believe the data, as presented, is accurate in all material respects; that it is <br />presented in a manner designed to fairly present the financial position and results <br />of operations of the City; and that all disclosures necessary to enable the reader <br />to gain an understanding of the City's financial activity have been included. <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave, Sunny Isles Beach, FL 33160 <br />-_. _.. _ —� — sibfl.net 1305,947.0606 <br />