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, 2018, 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 Comprehensive Annual Financial Report on this website.

Awards

The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Lighthouse Point for its comprehensive annual financial report for the fiscal year ended September 30, 2018. This was the twenty-fifth 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 comprehensive annual 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.

Archived Budget & Comprehensive Annual Financial Reports (CAFR) Documents

Electronic Budget and CAFR 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:

Defined Benefit Pension Reporting