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UTILITY BOARD APPROVES COMPREHENSIVE ANNUAL FINANCIAL REPORT

01/26/2017 ~ The Utility Board approved Keys Energy Services’ (KEYS) annual audit and Comprehensive Annual Financial Report (CAFR) for the Fiscal Year (FY) ended September 30, 2016, at their regular meeting on January 25th.

Per Bond Resolution, the Board independently audits the financial statements of the Utility within 180 days after the close of the FY. James H. Hill CPA, partner with Utility Board auditor’s Oropeza & Parks CPA’s, explained that the Independent Auditor’s Report states that, “in our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Utility Board of the City of Key West, Florida, Keys Energy Services as of September 30, 2016 and 2015, and the changes in financial position, and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.” Hill went on to add that, “this is the highest level of assurance an auditor can give.”

The regular meeting of the Utility Board took place at 5:00 p.m., Wednesday, January 25th, in the Board Room of Keys Energy Services’ Service Building, 1001 James Street, Key West

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