2008 audit report

City of GaribaldiAudit ReportJune 30, 2008City of GaribaldiJune 30, 2008OrganizationTerm ExpiresCity Council MembersSuzanne McCarthy — Mayor P.O. Box 562 12/31/08Garibaldi, Oregon 97118Terry Kandle — Council President P.O. Box 451 12/31/08Garibaldi Oregon 97118Marvin Evans — Council Vice President P.O. Box 735 12/31/08Garibaldi, Oregon 97118Roberta Bettis P.O. Box 113 12/31/10Jerry Bartolomucci P.O. Box 614 12/31/10Garibaldi, Oregon 97118Appointed OfficialsKevin Greenwood — City Administrator City Halland City Recorder Garibaldi, Oregon 97118Joan S. Kelsey — City Attorney P.O. Box 520Tillamook, Oregon 97141-1-City of GaribaldiJune 30, 2008Table of ContentsPageINTRODUCTORY SECTIONOrganization 1Table of contents 2FINANCIAL SECTIONIndependent auditors’ report 4Management’s discussion and analysis 6Financial statementsModified cash basis statement of net assets 18Modified cash basis statement of activities 19Modified cash basis balance sheet — governmental funds 20ent of receipts, expenditures and changes in fund balance— governmental funds 21Modified cash basis statement of net assets — enterprise funds 22ent of activities — enterprise funds 23Statement of cash flows — enterprise funds 24Statement of assets and liabilities — fiduciary funds 25Statement of cash transactions — fiduciary funds 26Notes to financial statements 27Required Supplemental InformationSchedules of budget and actual cash transactions• General Fund 41• Street ...