Financial Reporting

Financial Reporting Survival Guide for Soil and Water Conservation Districts

The Fiscal Year 2015-2016 Annual Financial Report (covers October 1, 2015 – September 30, 2016) – Due June 30, 2017 at the Latest

  • The Annual Financial Report collects revenue, expenditure, and debt data from all counties, municipalities and special districts.
  • All counties, municipalities, and special districts – even those without revenues and expenditures – must file this report electronically on the Department of Financial Services website by June 30, 2017.
    • Each independent S&WCD must file its own separate report.
    • A dependent S&WCD that is a component unit of a county may be included in the county’s report. A dependent S&WCD should check with the county to find out if the county is including the S&WCD in its report.
  • To file this report, gather your financial data, login at https://apps.fldfs.com/LocalGov/ and follow the instructions.
  • Direct all questions, including those about user names and passwords, to LocalGov@MyFloridaCFO.com or 850-413-5571.

The Fiscal Year 2015-2016 Annual Financial Audit Report (covers October 1, 2015 – September 30, 2016) – Due June 30, 2017 at the Latest

  • The Annual Financial Audit Report:
    • Covers the results of an annual financial audit;
    • Examines financial statements in order to assess whether they are fairly presented in conformity with generally accepted accounting principles; and,
    • Examines whether operations are properly conducted in accordance with legal and regulatory requirements.
  • All special districts meeting the following financial threshold must provide for a financial audit:
    • When revenues or combined expenditures and expenses exceed $100,000, or,
    • When revenues or combined expenditures and expenses fall between $50,000 and $100,000 and the special district has not had a financial audit for the previous two fiscal years.
  • The audit for a dependent S&WCD that is a component units of a county may be included in the audit of that county. A dependent S&WCD meeting the above financial threshold should check with the county to find out if the county included the S&WCD in its audit.
  • Direct all questions about the audit to Derek Noonan, CPA, (850) 412-2864 or dereknoonan@aud.state.fl.us

Procedures to Follow After September 30 Each Year When An Audit is Required

  1. Create an auditor selection committee (see Section 218.391, Florida Statutes – Auditor selection procedures).
  2. Define auditor selection procedures. For non-mandatory suggestions see Auditor Selection Guidelines.
  3. Select an auditor who is an independent certified public accountant licensed pursuant to Chapter 473, Florida Statutes.
  4. Arrange for a financial audit to occur so that it can be completed and filed by June 30 at the latest.
  5. Within 45 days after the certified public accountant delivers the completed report to the special district’s governing body, but no later than June 30, file the audit as follows:
    1. Email an electronic copy to: flaudgen_localgovt@aud.state.fl.us and Localgov@myfloridacfo.com
    2. Mail one paper copy to: Auditor General, 111 West Madison Street, Section 342, Tallahassee, Florida 32399-1450, Attention: Mr. Derek Noonan