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03/12/2009 ~ The Utility Board approved Keys Energy Services’ (KEYS) annual audit and Comprehensive Annual Financial Report (CAFR) for the Fiscal Year (FY) ended September 30, 2008, at their regular meeting on March 11th.

Per Bond Resolution, the Board independently audits the financial statements of the Utility within 180 days after the close of the FY. In the Independent Auditor’s Report, Utility Board Auditor’s Oropeza & Parks CPA’s stated 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, 2008 and 2007, 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.”

The regular meeting of the Utility Board took place at 5:00 p.m., Wednesday March 11th, in the Louis Carbonell Board Room of the William Arnold Service Building, 1001 James Street, Key West.

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