Component Units Clause Samples

Component Units. Blended component units included in the City’s report (as primary government) include the Industrial Development Corporation, the Employee’s Retirement Plan for City Employees, Firemen’s Relief and Retirement Fund and the Employee’s Retirement Plan for Police. Discretely reported component units include The Park Board of Trustees, the Galveston Island Redevelopment Authority which includes four Tax Reinvestment Zones Eleven, Twelve, Thirteen and Fourteen, two Public Improvement Districts: Campeche Shores, and Beachside Village, the Galveston Housing Finance Corporation and the City of Galveston Property Finance Authority and the Board of Trustees of the Galveston Wharves.

Component Units. The Sunnyvale Financing Authority was formed in 1992 to finance the acquisition and construction of various City facilities. The financial activities of the Sunnyvale Financing Authority Districts are reported as a blended component unit in the City’s ACFR. The City also has two Community Facilities Districts. The two CFDs were formed to provide financing mechanisms for public improvements. One CFD is for the construction of parking facilities, and the second is for storm water collection and treatment facilities. The City’s financial role with each District is fiduciary in nature where the same members of the City Council also serve as the governing board.

Component Units. The Town is defined, for financial reporting purposes, in conformity with Governmental Accounting Standards Board (“GASB”) Codification of Governmental Accounting and Financial Reporting Standards, Section 2100. Using these criteria, the following component units are to be audited and included in the Town’s financial statements:

Component Units. For financial reporting purposes, the City of Boynton Beach is in conformity with the Governmental Accounting Standards Board’s Codification of Governmental Accounting and Financial Reporting Standards, Section 2100. Using these criteria, a component unit is included in the City of Boynton Beach’s financial statements. The management of the City of Boynton Beach has identified the Community Redevelopment Agency (CRA) for inclusion in the City’s financial statements as a blended component unit. The CRA has a September 30 year-end and maintains a set of books and records independent of the set of books and records maintained by the City of Boynton Beach. The CRA is responsible for the issuance of audited financial statements and is blended into the City Of Boynton Beach’s financial statements. The audit of the CRA’s financial statements is not within the scope of services covered by this RFP.

Component Units. The County is defined, for financial reporting purposes, in conformity with the Governmental Accounting Standards Board's Codification of Governmental Accounting and Financial Reporting Standards, Section 2100. Using these criteria, component units are included within the financial statements of the County. The County currently reports three discretely presented component units. 3.5.1 In addition to the BCC and constitutional officers, Pasco County has identified the following reporting entities for inclusion in its financial statements as blended component units: • Pasco County Housing Finance Authority • ▇. ▇▇▇ ▇▇▇▇▇▇▇ Villages of Pasadena Hills Stewardship District • Pasco County Law Library