The Comprehensive Annual Financial Report is the official audit report of the Pinellas Suncoast Fire & Rescue District’s accounting systems, a review of the financial statements provided by management and the auditor’s opinion on whether or not those statements reasonably reflect the financial position of the District at fiscal year end. In addition to a combined and individual Balance Sheet, the following are also presented:
1) Statement of revenues, expenditures, and changes in fund balance (all funds)
2) Statement of revenues, expenditures, and changes in fund balances, budget and actual (for government fund types)
3) Statement of revenues, expenses, and changes in retained earnings (for proprietary funds)4) Statement of changes in financial position (for proprietary funds).
Pinellas Suncoast Fire & Rescue District’s fiscal year financial and operating plan is a budget that covers the period October 1 through September 30. Revenue and expenditure transactions of the District are monitored on a daily basis, with month end budget variance reporting to the Fire Chief and Board of Fire Commissioners at regularly scheduled monthly commission meetings.
Financial and operating results are provided on a quarterly basis to present an insight into the financial condition of the district as the year progresses. Each report consists of a written statement of specific year to date results and a complete projection for the fiscal year end, a financial presentation of the combined Fund Balance Sheet, a Statement of Revenues, Expenditures and Changes in Fund Balance with variance analysis of budget, actual and year end projections for each fund and a General Revenue Fund line item account listing of the current year to date revenues and expenditures.