HomeMy WebLinkAboutKane & Associates (4) -1987 11 30
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CITY OF WINTER SPRINGS, FLORIDA
1126 STATE ROAD 434
WINTER SPRINGS, FLORIDA 32708
Telephone (305) 327-1800
November 30, 1987
Kane & Associates, CPAs
222 W. Comstock Avenue, Ste. 200
Winter Park, FL 32789
Gentlemen:
In connection with your examination of the financial statements
of the City of Winter Springs, Florida as of September 30, 1987,
and for the year then ended for the purpose of expressing an
opinion as to whether the financial statements present fairly
the financial posi tion of the City of Winter Springs, Florida
in conformity with generally accepted accounting principles,
we confirm to the best of our knowledge and belief the following
representations made to you during your examination:
1. We are responsible for the fair presentation in the financial
statements of financial pos i tion, resu 1 ts of operations
and changes in financial position in conformity with generally
accepted accounting principles.
2. We have made available to you all
a. Financial records and related data.
b. Minutes of the meetings of commissioners and committees
of commissioners, or summaries of actions of recent
meetings for which minutes have not yet been prepared.
3. There have been no --
a. Irregularities involving management or employees who
have significant roles in the system of internal accounting
control.
b. Irregularities involving other employees that could
have a material effect on the financial statements.
c. Communica tions with regula tory agencies concerning
non-compliance wi th or deficiencies in financial reporting
practices that could have a material effect on the
financial statements.
"
Kane & Associates, CPAs
Page 2
4. We have no plans or intentions that may materially effect
the carrying value or classification of assets and liabilities.
5. We are in substantial compliance with all outstanding bond
covenants and related restrictions.
6. There are no --
a. Violations or possible violations of laws or regulations
whose effects should be considered for disclosure
in the financial statements.
b. Other material liabilities that are required to be
accrued or disclosed by Statement of Financial Accounting
Standards No.5.
7. There are no unasserted claims or assessments that our
lawyer has advised us are probable of ascertion and must
be disclosed in accordance with Statement of Financial
Accounting Standards No.5.
8. There are no material transactions that have not been properly
recorded in the accounting records underlying the financial
statements.
9. The City has satisfactory title to all owned assets, and
there are no liens or encumbrances on such assets, other
than those assets purchased with grant monies, nor has
any asset been pledged except as disclosed in the financial
statements.
10. We have complied with all aspects of the contractual agreements
with funding agencies that could have a material effect
on the financial statements in the event of non-compliance.
11. There are no violations or possible violations of budget
ordinances, or laws or regulations (including those pertaining
to adopting and amending budgets) whose effects should
be considered for disclosure in the financial statements
or as a basis for recording a loss contingency.
12. s have occurred subsequent to the balance sheet
would require adjustment to, or disclosure in,
cial statements.
ncerel
Richard Roza
City Manager
RR:WEP/ajc