Annual Report of the Sarasota County Clerk and Comptroller

POST ISSUANCE COMPLIANCE COMPONENTS AND REQUIREMENTS ✓ Rules ✓ Arbitrage Compliance ✓ Rebate Payments IRS Invest Policy SEC ✓ Annual Filing Requirements ✓ Material Event Notice ✓ Accounting/ Structure ✓ Responsible Parties ✓ Record Retention ✓ Private Use This graphic provides a representation of post issuance activities and compliance requirements, broken down into four major categories: Internal Revenue Service, Securities and Exchange Commission, Policy, and Investments. Florida Statutes require that each county have an annual financial audit performed by independent Certified Public Accountants, and that an audit report be produced known as the Comprehensive Annual Financial Report (CAFR). In addition, the Comptroller also prepares a Popular Annual Financial Report (the IMPACT Report), an easy to read report on how county tax dollars are managed and spent, and a Consolidated Major Revenue and Debt Report that provides detailed information regarding the county’s major revenue sources and debt issued. FINANCIAL REPORTING 9