HAHarvey Walden
1 hour agoLighthouse Point Finance Department: Budget Documents and Financial Services Overview
OverviewThe Lighthouse Point Finance Department ensures a fiscally sound governmental organization that conforms to generally accepted financial management principles through effective delivery of the following services: Accounts payableAccounts receivableBudgetCash management and investmentsDebt management and financingFinancial accounting and reportingGrant accountingPayroll Digital Budget BookFor an easily accessible view of the City’s annual budget utilize the links below: FY 2026-2027 Proposed BudgetFY 2025-2026 Adopted BudgetFY 2024-2025 Adopted BudgetFY 2023-2024 Adopted Budget Budget & Annual Comprehensive Financial Report DocumentsFor the adopted budgets and Annual Comprehensive Financial Reports, click the link below:Budget and Annual Comprehensive Financial Report DocumentsIndependent AuditIn accordance with Section 218.32(1)a, Florida Statutes, an audit of the books of account, financial records and transactions of all administrative departments of the City has been conducted by a firm of independent Certified Public Accountants. The report of Citrin Cooperman & Company, LLP, Certified Public Accountants as of September 30, 2024, is available for examination and contains their opinion as to the fair presentation of the City’s financial statements. The City continues to receive an unqualified opinion. Please see the Annual Comprehensive Financial Report on this website.AwardsCertificate of Achievement for Excellence in Financial ReportingThe Government Finance Officers Association of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Lighthouse Point for its annual comprehensive financial report for the fiscal year ended September 30, 2024. This was the thirty-first consecutive year that the City government has received this prestigious award.In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. The report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only.Distinguished Budget Presentation AwardThe Government Finance Officers Association of the United States and Canada presented a Distinguished Budget Presentation Award to the City of Lighthouse Point for its Annual Budget for the fiscal year beginning October 1, 2025. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as a financial plan, as an operations guide, and as a communications device.This award is valid for a period of one year only. Defined Benefit Pension ReportingFlorida Statutes Section 112.664 requires certain reporting for all defined benefit pension plans. The Florida League of Cities is the administrator for the City’s Police and Fire Defined Benefit Pension Plan, and they have provided access to all required reporting via the following link:Defined Benefit Pension Reporting
