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2015-027
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Last modified
2/5/2018 12:34:16 PM
Creation date
12/29/2016 1:24:45 PM
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Resolutions
Resolution Number
2015-027
Approved Date
02/17/2015
Agenda Item Number
13.B.
Resolution Type
FMPA
Entity Name
Florida Municipal Power Agency (FMPA)
City of Vero Beach
Subject
Florida Auditior General Preliminary Tentative Audit Findings
Florida Municipal Agency City of Vero Beach response
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RESOLUTION NO. 2015-027 <br />c. Request that FMPA end its opposition to the sale of the City's electric utility <br />system to FPL, and take whatever action is necessary to allow that sale to <br />move forward. <br />Section 3. The County encourages the City to also: <br />a. Request the Florida Auditor General and the Joint Legislative Auditing <br />Committee and any other appropriate committee of the Florida <br />Legislature to use any funds necessary to: <br />1. Determine the fair market value of the FMPA generation assets; <br />2. Determine the fair market value of the FMPA as a whole; <br />3. Prepare 3 years of pro forma financial statements based upon GASB <br />financial procedures, including balance sheets, profit and loss <br />statements and cash flow statements; <br />4. Review the Purvis, Gray & Company audits to determine what was <br />stated with respect to the internal controls and policies; and <br />5. Include FMEA in the pro formas to be performed. <br />b. Request legislative hearings on FMPA's activities; and <br />c. Engage in the statewide dialogue with members of FMPA and other <br />interested entities; and <br />d. Support an amendment to Florida Statutes which would give PSC <br />jurisdiction over FMPA and amendments which would subject FMPA to <br />other laws applicable to local governments, including municipalities that <br />do not currently apply to the FMPA. <br />Section 4. The County Attorney, or his designee, shall hand deliver on this day a <br />certified copy of the Resolution to the City Council requesting that the City consider the <br />Resolution at its meeting on February 17, 2015; and mail a copy to the Florida Auditor <br />General and the Joint Legislative Auditing Committee. <br />The resolution was moved for adoption by Commissioner Solari, and the <br />motion was seconded by Commissioner Zorc, and, upon being put to a vote, the vote <br />was as follows: <br />
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