2007 Audit Report

City of GaribaldiAudit ReportJune 30, 2007City of GaribaldiJune 30, 2007OrganizationTerm ExpiresCity Council MembersSuzanne McCarthy — Mayor P.O. Box 562 12/31/08Garibaldi, Oregon 97118Terry Kandle — President of the Council P.O. Box 451 12/31/08Garibaldi Oregon 97118Paul Daniels — Vice President of the P.O. Box 736 12/31/10Council Garibaldi, Oregon 97118Roberta Bettis P.O. Box 113 12/31/10Marvin Evans P.O. Box 735 12/31/08Garibaldi, Oregon 97118Appointed OfficialsKevin Greenwood — City Administrator City Halland City Recorder Garibaldi, Oregon 97118William R. Canessa — City Attorney P.O. Box 1441Cannon Beach, Oregon 97110-1-City of GaribaldiJune 30, 2007Table of ContentsPageINTRODUCTORY SECTIONOrganization 1Table of contents 2FINANCIAL SECTIONIndependent auditors’ report 4Management’s discussion and analysis 6Financial statementsModified cash basis statement of net assets 16Modified cash basis statement of activities 17Modified cash basis balance sheet — governmental funds 18ent of receipts, expenditures and changes in fund balance— governmental funds 19Modified cash basis statement of net assets — enterprise funds 20ent of activities — enterprise funds 21Statement of cash flows — enterprise funds 22Statement of assets and liabilities — fiduciary funds 23Statement of cash transactions — fiduciary funds 24Notes to financial statements 25Required Supplemental InformationSchedules of budget and actual cash transactions• General ...