ANNUAL FINANCIAL REPORT (AFR) REQUIRED BY SECTION 218.32, FLORIDA STATUTES
Each local governmental entity that is determined to be a reporting entity, as defined by generally accepted accounting principles, and each independent special district as defined in s. 189.403, F.S., is required to file an AFR with the DFS. This includes all counties, municipalities, and independent special districts.
While all dependent special districts are required to complete an AFR, the location where the AFR is to be filed varies. Each dependent special district that is a component unit (as defined by generally accepted accounting principles (Governmental Accounting Standards Board Statement No. 14, The Financial Reporting Entity)) of the county or the municipality to which it is dependent is required to provide that entity, within a reasonable time period as established by the entity, the financial information necessary to comply with the AFR reporting requirements. Questions concerning whether a dependent special district is a component unit of the county or municipality to which it is dependent should be directed to the county’s or municipality’s finance and accounting department.
A dependent special district that is not determined to be a component unit of the county or municipality to which it is dependent and is required to file the AFR with the DFS. The District’s Finances are outsourced and administered by InfraMark with internal oversight provided by the Assistant District Manager. For more information, please submit a request for action.
*Missing documents are available upon request. Please contact the District Office at 239-561-1313.*