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IX-1 Independent Auditor’s Report

The Honorable Sharon R. Bock
Clerk & Comptroller
Palm Beach County, Florida

We have audited the accompanying financial statements of each major fund, and the aggregate remaining fund
information of the Clerk & Comptroller, Palm Beach County, Florida (the “Clerk”), as of and for the year ended
September 30, 2008, as listed in the table of contents. These financial statements are the responsibility of the
Clerk’s management. Our responsibility is to express opinions on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinions.

As discussed in Note 1, the financial statements referred to above have been prepared for the purpose of complying

Fund has been subjected to the auditing procedures applied in the audit of the financial statements and, in our
opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

This report is intended solely for the information and use of the Clerk, management of the Clerk & Comptroller’s office
and the Auditor General, of the State of Florida, and is not intended to be and should not be used by anyone other
than these specified parties. West Palm Beach, Florida
June 15, 2009
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CLERK & COMPTROLLER
PALM BEACH COUNTY, FLORIDA
BALANCE SHEET - GOVERNMENTAL FUNDS
September 30, 2008
Major
Funds
Public Records Total
General Modernization Governmental
Fund Trust Fund Funds
ASSETS
Cash and cash equivalents 5,658,596$ 19,647,446$ 25,306,042$
Accounts receivable, net 212,470 - 212,470
Due from other county funds 1,128,225 - 1,128,225
Due from other funds 2,710,226 - 2,710,226
Due from other governments 191,108 - 191,108

Fines and forfeitures 6,370,920 - 6,370,920
Investment income 242,758 603,696 846,454
Miscellaneous 2,791,428 - 2,791,428
Total revenues 47,706,588 3,492,720 51,199,308
Expenditures:
Current:
General government 69,591,298 1,875 69,593,173
Capital outlay 737,982 - 737,982
Total expenditures 70,329,280 1,875 70,331,155
Excess of revenues over (under) expenditures (22,622,692) 3,490,845 (19,131,847)
Other financing sources (uses):
Transfers from Board of County Commissioners 16,957,072 - 16,957,072
Transfers to Board of County Commissioners (646,941) - (646,941)
Transfers from other funds 6,312,561 - 6,312,561
Transfers to other funds - (6,312,561) (6,312,561)
Total other financing sources (uses) 22,622,692 (6,312,561) 16,310,131

Net change in fund balances - (2,821,716) (2,821,716)
Fund balances, October 1, 2007 - 19,801,666 19,801,666
Fund balances, September 30, 2008 -$ 16,979,950$ 16,979,950$
The notes to the financial statements are an integral part of this statement.
IX-4
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CLERK & COMPTROLLER
PALM BEACH COUNTY, FLORIDA
STATEMENT OF NET ASSETS - INTERNAL SERVICE FUND
September 30, 2008
Self-
Insurance

Current:
Self-insurance services 8,401,248
Total operating expenses 8,401,248
Operating Income 30,228
Nonoperating revenues :
Investment income 84,484
Total nonoperating revenues 84,484
Change in net assets 114,712
Net Assets, October 1, 2007 2,560,000
Net Assets, September 30, 2008 2,674,712$
The notes to the financial statements are an integral part of this statement.
IX-6
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CLERK & COMPTROLLER
PALM BEACH COUNTY, FLORIDA
STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUND
For the fiscal year ended September 30, 2008
Self-
Insurance
Fund

Cash received from customers 961,509$
Cash received from other funds for goods and services 7,056,839
Cash payments to vendors for goods and services (1,413,516)
Cash payments to employees for services (42,730)
Claims paid (6,769,016)
Net cash (used in) operating activities (206,914)
Cash flows from investing activities:

Due to individuals 17,392,625
Total liabilities 24,458,631$
The notes to the financial statements are an integral part of this statement.
IX-8
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