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Finance
Overview
The 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 payable
- Budget
- Cash management and investment
- Debt management and finance
- Financial forecasting
- General ledger accounting and reporting
- Including fixed assets and grants
- Payroll
Independent Audit
In 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 Keefe, McCullough and Co, LLP, Certified Public Accountants as of September 30, 2022, 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.
Awards
Certificate of Achievement for Excellence in Financial Reporting
The 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, 2021. This was the twenty-eighth 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 Award
The 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, 2022. 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.
Archived Budget & Annual Comprehensive Financial Report Documents
For an easily accessible view of the adopted budget for Fiscal Year 2022-2023, click here: FY 2023-2024 Adopted Budget
For the PDF documents for the Fiscal Year 2023-2024 adopted budget along with past adopted budgets and Annual Comprehensive Financial Reports, click the link below:
Electronic Budget and Annual Comprehensive Financial Report Documents
Defined Benefit Pension Reporting
Florida 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: