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CITY op <br />\SLES� <br />Ln <br />City Commission The City is required to undergo an annual Single Audit performed under the <br />provisions of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform <br />Mayor <br />La r Svechin Administrative Requirements, Cost Principles, and Audit Requirements for <br />Federal Awards"Uniform Guidance"), ), and Chapter 10.550, Rules of the <br />Alex Lama Auditor General, State of Florida, if the City incurs aggregate expenditures of at <br />Vice Mayor least $750,000 in federal or state funds. The information related to the Single <br />Jerry Joseph Audit, including the Schedule of Expenditures of Federal Awards and State <br />Commissioner Financial Assistance (as applicable), Findings and Questioned Costs, and <br />auditors' reports on the internal control and compliance with applicable laws <br />Fabiola Stuyvesant and regulations are included in the compliance section of this report, when <br />Commissioner applicable. <br />Jeniffer Viscarra <br />Commissioner Budgetary Controls <br />® In addition, the City maintains strict budgetary controls. The objective of the <br />budgetary controls is to ensure compliance with legal provisions embodied in <br />Stan Morris <br />City Manager the annual appropriated budget approved by the City's governing body. In <br />accordance with state laws, the Adopted Budget is posted on the City's website <br />Mauricio Betancur within 30 days of adoption. The activities of the General Fund, Special Revenue <br />City Clerk, CMC Funds, and Capital Project Funds are included in the annual appropriated budget. <br />The level of budgetary control (that is, the level at which expenditures cannot <br />legally exceed the appropriated amount) is established at the departmental level. <br />The City maintains an encumbrance accounting system as one technique of <br />accomplishing budgetary control. Encumbered amounts lapse at year-end. <br />However, encumbrances generally are re -appropriated as part of the following <br />year's budget. <br />All expenditures other than personnel services are controlled by a procurement <br />system, which encumbers purchase orders against budgets prior to issuance to <br />the vendors. Purchase orders are not issued until appropriations are made <br />available. <br />Transfers between line items or departmental accounts within the departmental <br />budget or decreases in line items or departmental accounts not amounting to <br />more than 20% of the total budget of each department may be made by the City <br />Manager. All budgetary transfers between departments shall be approved by <br />resolution of the City Commission; however, it is our practice to bring all <br />transfers to the City Commission for approval through the budget amendment <br />process. Budget amendments are submitted, as needed, to the City Commission <br />for their consideration and approval by ordinance. <br />iv <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave, Sunny Isles Beach, FL 33160 <br />sibfl.net 1305.947.0606- --- _ -._.—- — <br />