The Comprehensive Annual Financial Report (CAFR) is the combined financial statement of all funds. The Town has nine funds: General Fund, Special Revenue, Electric Utility Tax, Building Department, Debt Service, Disaster, Capital Projects, Impact Fees, Internal Service and Storm Water Utility Fund.

Pursuant to the Florida Statute Chapter 218 and of the rules of the Auditor General, the Town is required to report all financial activities at the end of every fiscal year. The Government Finance Officers Association awarded the Town a Certificate of Achievement for Excellence in Financial Reporting for fiscal years 2012 thru 2016.

To prepare the CAFR, the Town is required to perform an independent audit of all financial activity during the fiscal year by a licensed CPA firm. At the end of the fiscal year 2017, the Town has positive balances in all categories of net position and the audit concluded that their were no weaknesses, deficiencies and findings. This conclusion also applies to the State Grant single audit under rule 10.557, refer to page #89 of the CAFR for more information. Needless to say, the Town is in a very healthy and favorable financial position.

The CAFR will be presented to you by a representative of the Town's audit firm, Rodriguez, Trueba & Co., CPA, P.A. The CAFR can be found in the “Finance Section” of the Town's website. Please click on the following link to access the report. http://www.miamilakes-fl.gov/finance/