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D. Finances 1. Does your Board approve the annual budget and review regular financial reports of the operating budget and ;ate. ital tunds:' How often is this review conducted • The VCIRC annual budget forecast for the fiscal year is recommended by the finance committee, reviewed by the Board of Directors, and approved by a majority vote at the annual meeting in October. • The Treasurer prepares monthly and YTD financial statements, along with a budget status report for the BOD monthly meetings. Financial status is also reported at the monthly VCIRC voting member meetings. • The finance committee also advises the BOD in case of any discrepancies or improprieties. • VCIRC's bookkeeping is prepared by a local CPA and reviewed by the Treasurer and Executive Officers. • VCIRC also employs a second, unrelated CPA, to audit its records annually and recommend efficiencies and additional safeguards to ensure compliance with Generally Accepted Accounting Principles (GAAP). 2. Does any outside organization (such as a governmental unit) conduct periodic evaluations of the agency's nnances, management or ro ramsr IT yes, ust theagencies. Dept. of Veterans Affairs, West Palm Beach, FL FY2016 independent audit was conducted by Anthony Samons FY2017 independent audit was conducted by Anthony Samons FY2018 independent audit was conducted by Anthony Samons FY2019 independent audit was conducted by Anthony Samons FY2020 independent audit was conducted by Anthony Samons FY2021 independent audit was conducted by Anthony Samons FY2022 independent audit was conducted by Anthony Samons (attached) FY2023 independent audit is being done by Anthony Samons (final copy pending) The Florida Department of Transportation provides an annual Certification of Equipment. 3. Are there any pendinglegal actions, claims, or disputes against your agency? NO 4. Financial year (agency's fiscal year) that you are using for this budget report. Other If other, please specify October 1 - September 30 215