Audited Financial Statements of the Town

On an annual basis, the Town of Orchid's financial statements are audited by an independent firm, which must be a certified public accounting firm duly licensed under Chapter 473 Florida Statutes and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy. The firm is selected by the Town Council, following a recommendation by an independent Audit Committee established by Resolution. Currently Carr, Riggs & Ingram is the auditing firm that performs the annual audit from the company's Melbourne branch. 

A fiscal year for Town of Orchid starts October 1 and ends September 30. The final audit report is usually released by February after the close of the fiscal year and is presented to the Town Council at a public meeting. The report is submitted to the State's Auditor General, who publishes the Town's audited financial statements online at the links below. Any questions regarding the ability to view or self-print an electronic audit report on the Auditor General’s website may be communicated by telephone at (850) 412-2881, or a printed copy can be requested from Town Hall. 

Following issuance of the independent audit report, the Town must annually complete an Annual Financial Report to the Florida Department of Financial Services. This report is available to the public at the below link (site still currently under construction by Department of Financial Services). 

In February 2023, representatives of Carr, Riggs & Ingram presented their findings to the Town Council, advising that the audit report issued for Fiscal Year 2021-2022 was a clean report in which no audit exceptions were noted or recommendations for the future were included.