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HomeMy WebLinkAboutKane & Associates Agreement -1988 04 24 ..' . ...... .' KAnE & ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS GARY D KANE CHRISTINE T. HENNS BARBARA V. RENNARD SALLY A. SCALA April 24, 1988 'rErt&;U~lrr@ APR 27 1988 .elrt ~t WINTER SPRINGS CIl'Y MANAGER WI LLlAM E. PARTLOW. JR. SANDRA L. MOORE City Commissioners, Mayor City of winter Springs 1126 E. State Road 434 winter Springs, FL 32708 and City Manager Dear Commissioners, Mayor and City Manager: This will confirm our understanding of the arrangements for our examination of the financial statements of the City of winter Springs for the fiscal year ending September 30, 1988. We will examine the City I s financial transactions, accounts and reports as well as perform an evaluation of the City I S compliance with applicable state and local laws and regulations. Our exami- nation will be in accordance with generally accepted auditing standards and will include such auditing procedures as we consider necessary to accomplish this purpose. These procedures will include tests by statistical sampling, where feasible, of documentary evidence supporting the transactions recorded in the accounts. In addition, confirmations with legal counsel, banks, customers and tax and fee collectors will be part of the audit engagement. Although defalcations and similar irregularities may occasionally be disclosed by this type of examination, it is not designed for this purpose and should not be relied on to disclose fraud, should any exist. However, if anything appears to us during our examination to be unusual or abnormal, we will report it to you immediately. We will issue a management letter at the cone 1 usion of our audit which is intended to assist the City 's officers and administration in the efficient and economical performance of their duties. Further, we will prepare the Annual Financial Report of Units of Local Government including a management letter, the Annual Financial Report - Uniform Transportation Program, the Annual Financial Report required for State Grant 767-040 (Step 2 & 3 Grant), and adjusting journal entries for general ledger posting. MEMBER AMERICAN INSTITUTE OF CERTIFIED ACCOUNTANTS. FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 222 WEST COMSTOCK AVENUE, SUITE 200. WINTER PARK, FLORIDA 32789' (305) 644-6066 '- ~ , -. City Co~nissioners; Mayor and City Manager City of Winter Springs April 24; 1988 Page 2 We will also be available during the year to consult with you on the effects of any proposed transactions or contemplated changes in financial operating policies. Our fee for this engagement is estimated at $17,000 which is approximately 85% of our standard per diem rates. Invoices will be rendered semi-monthly during the engagement and are payable upon presentation. Based upon receiving the City's completed financial records by November 1, 1988, and the performance of interim field work, we anticipate a December 5, 1988, completion date. A personal presentation to the City Commission is anticipated for the January 9, 1989, meeting. We are pleased to have this opportunity to serve you. If this letter correctly expresses your understanding, please sign the enclosed copy where indicated and return it to us. Sincerely yours, ~=yZad BARBARA V. RENNARD Partner JLH/tpw Encl. AP rlvJIMA ~ ;)S"'j//i{f- KAnE & ASSOCIATES '-------CERTIFiED PUBLIC ACCOUN } CITY OF WINTER SPRINGS, FLORIDA 1126 EAST STATE ROAD 434 WINTER SPRINGS, FLORIDA 32708 Telephone (407) 327-1800 May 26, 1988 Barbara V. Rennard Partner Kane & Associates, CPAs 222 West Comstock Ave., Suite 200 Winter Park, FL 32789 Dear Ms. Rennard: Enclosed please find your proposal which has been signed by City Manager Richard Rozansky. This proposal was approved by the City Commission on May 23, 1988. If there is any further information you may need, please call this off ice. Yours very truly, CITY OF WINTER SPRINGS ~ agcy i - %~-, Mary T. Norton, City Clerk Enc.