village of wellington, florida

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In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readableand efficiently organized comprehensive annual financial report, whose contents conform to programstandards. Such comprehensive annual financial reports must satisfy both generally accepted accountingprinciples and applicable legal requirements.A Certificate of Achievement is valid for a period of one year only. The Village of Wellington has receivedthe Certificate of Achievement for the last thirteen consecutive years (1996-2008). We believe our currentreport continues to conform to Certificate of Achievement Program requirements, and we are submitting itto the GFOA.In addition, the Village also received the GFOA’s Award for Distinguished Budget Presentation for theFiscal Year beginning October 1, 2008. The Village has received this award for the last fourteen years. Inorder to earn the Distinguished Budget Presentation Award, the Village’s budget document was judged tobe proficient in several categories including policy documentation, financial planning and organization. Wehave submitted the Village’s 2010 budget document to the GFOA, as we believe it also conforms to theprogram requirements.AcknowledgementsPreparation of this report could not have been accomplished without the dedicated efforts of Mireya P.McIlveen, CPA, Director of Financial Management and Budget. The following OFMB staff also contributedto this report: Mindy Boersma; Chris Johnson, CPA; Rachelle Handwerker; Carol Stone; Tisa Sullivan; MariaMiserendino and Candy Nasby. Their technical expertise and concerted efforts were truly evident in theaudit process. Their assistance and cooperation have allowed us to prepare, on a timely basis, a reportwhich gives its readers a comprehensive view of Wellington’s financial and economic position. We alsoextend our sincere appreciation to the independent certified public accounting firm of Caler, Donten,Levine, Porter & Veil, P.A. for the professionalism and cooperation shown during the performance of theengagement and the expertise shown in financial reporting for government entities.We believe that this report reflects the sound financial position of Wellington. We would like to thank theMayor, the Village Council, and the residents of Wellington for their interest and support toward theplanning and administration of the financial operations of Wellington in a responsible, progressive manner.With this support, we have been able to maintain a high degree of fiscal health and responsibility forWellington in our challenging environment.Respectfully submitted,Francine L. Ramaglia, CPAAssistant Village ManagerPaul SchofieldVillage Managerxii
VILLAGE OF WELLINGTON, FLORIDAAS OF THE YEAR ENDED SEPTEMBER 30, 2009LIST OF PRINCIPAL OFFICIALSTITLENAMEMayorVice MayorCouncil MemberCouncil MemberCouncil MemberVillage ManagerDeputy Village ManagerAssistant Village ManagerVillage ClerkVillage AttorneyDarell BowenDr. Carmine A. PrioreLizbeth BenacquistoMatt WillhiteHoward K. Coates, Jr.Paul SchofieldJohn BondeFrancine L. Ramaglia, CPAAwilda Rodriguez, CMCJeffrey Kurtz, ESQxiii
Page 1: Village of Wellington, FloridaCompr
Page 4 and 5: VILLAGE OF WELLINGTON, FLORIDACOMPR
Page 7: March 30, 2010The Honorable Mayor,
Page 10 and 11: Wellington’s residents grew by an
Page 12 and 13: Plan updates for 2010 include a vis
Page 14 and 15: Section 24 Impoundment including th
Page 16 and 17: Improvement Program for fiscal year
Page 20: VILLAGE OF WELLINGTON ORGANIZATIONA
Page 25 and 26: CALER, DONTEN, LEVINE,PORTER & VEIL
Page 27: MANAGEMENT’S DISCUSSION AND ANALY
Page 30 and 31: whether the financial position of t
Page 32 and 33: Village of Wellington's Change In N
Page 34 and 35: Business-type ActivitiesVillage of
Page 36 and 37: The capital projects fund is used t
Page 38 and 39: ates, insurance, taxes and interest
Page 41 and 42: VILLAGE OF WELLINGTON, FLORIDASTATE
Page 43 and 44: Net (Expense) Revenue andChanges in
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NOTE 4. DUE FROM OTHER GOVERNMENTSA
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NOTE 6. LONG-TERM DEBTChanges in Lo
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NOTE 6. LONG-TERM DEBT (Continued)C
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NOTE 6. LONG-TERM DEBT (Continued)C
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NOTE 9. RETIREMENT PLAN (Continued)
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NOTE 11. COMMITMENTS (Continued)For
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NOTE 12. OTHER POSTEMPLOYMENT BENEF
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Budgetary Comparison Schedules:Gene
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VILLAGE OF WELLINGTON, FLORIDABUDGE
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VILLAGE OF WELLINGTON, FLORIDABUDGE
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NONMAJOR GOVERNMENTAL FUNDSSPECIAL
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BUDGETARY COMPARISON SCHEDULEMajor
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STATISTICAL SECTION
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VILLAGE OF WELLINGTON, FLORIDANET A
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VILLAGE OF WELLINGTON, FLORIDACHANG
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VILLAGE OF WELLINGTON, FLORIDACHANG
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VILLAGE OF WELLINGTON, FLORIDAPROPE
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VILLAGE OF WELLINGTON, FLORIDAPROPE
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VILLAGE OF WELLINGTON, FLORIDAOPERA
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COMPLIANCE SECTION
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provisions was not an objective of
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6. Section 10.554(1)(i)6., Rules of
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village of wellington, florida

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