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JEFFREY R. SMITH, CPA, CGFO, CGMA <br />Clerk of Circuit Court & Comptroller <br />180127' Street <br />Vero Beach, FL 32960 <br />Telephone: (772) 226-1205 <br />TO: The Honorable Members of the Board of County Commissioners <br />THROUGH: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller <br />FROM: Elissa Nagy, Finance Director <br />DATE: April 11, 2018 <br />SUBJECT: Approval of Annual Financial Report by County Commissioners <br />(Consent Agenda Item) <br />AND <br />Notice of CAFR (Comprehensive Annual Financial Report) and <br />PAFR (Popular Annual Financial Report) Completion <br />Section 218.32, Florida Statutes, requires that each unit of local government submit a <br />financial report covering the operations during the previous fiscal year. The Indian River <br />County Local Government Annual Financial Report for fiscal year 2016-2017 has been <br />prepared and is ready to be submitted to the State of Florida, Department of Financial <br />Services in Tallahassee. Attached to this agenda item is the report, which must be <br />submitted within 45 days after the completion of the audit report. The report is to be signed <br />by the Chief Financial Officer, Jeffrey R. Smith, and the Chairman of the Board of County <br />Commissioners. <br />In addition, we are presenting the CAFR and PAFR to the Board for approval. Both the <br />CAFR and the PAFR are available on the County's (ircgov.com) and the Clerk's <br />(clerk. indian-river. org) websites. Questions regarding the CAFR or PAFR should be <br />directed to the Finance Department at 226-1516. <br />Recommendation <br />We respectfully request the Board of County Commissioners to authorize the Chairman to <br />sign the County's Local Government Annual Financial Report and accept the CAFR and <br />PAFR as presented for fiscal year 2016-2017. <br />40 <br />