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HomeMy WebLinkAboutKane & Shuck Letter of Understanding City Financial Statements -1983 11 10 KAnE & SHUCK CERTIFIED PUBLIC ACCOUNTANTS GARY D. KANE, CPA RONALD R. SHUCK, CPA NANCY F. KIMBRELL, CPA JACQUELYN L. HOEFER, CPA MARIAN A. CARAWAY, CPA CHRISTINE M. THOMAS, CPA SALLY S. HOOFMAN, CPA November 10, 1983 Richard Rozansky, City Manager City of Winter Springs 400 North Edgemon Avenue Winter Springs, Florida 32708 Dear Mr. Rozansky: We have enclosed copies of an engagement letter between Kane & Shuck, CPAs, and the City of Winter Springs for the audit of the fiscal year ending September 30, 1984. We appreciate your assistance in our appointment as the City's auditor and we are confident that our relationship will continue to be mutually beneficial during the course of our engagement. As we indicated previously, do not hesitate to contact us about accounting, financial or computer questions. Your name as well as that of each commissioner is being added to our mailing list so that you will begin receiving our monthly newsletter which includes articles concerning personal tax issues, , business management advice and computer selection assistance. Thank you again for your assistance and we look forward to working with you in the approaching months. Shuck Public Accountant RRSjslg Enc. ~~~~uw~~ NOV 14 1933 rtPC 41W1A/~vt I CITY of WINTER SPRINGS <i) (l.t~~~ CITY MANAGER" ~ · , ~) ~~ ~ MEMBER AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS · FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 701 EAST ALTAMONTE AVENUE · SUITE 400 . ALTAMONTE SPRINGS, FLORIDA 32701 . (305) 834-4112 KAnE & SHUCK CERTIFIED PUBLIC ACCOUNTANTS GARY D. KANE, CPA RONALD R. SHUCK, CPA NANCY F. KIMBRELL, CPA JACQUELYN L. HOEFER, CPA MARIAN A. CARAWAY, CPA CHRISTINE M. THOMAS, CPA SALLY S. HOOFMAN, CPA November 10, 1983 City Commissioners and Mayor City of Winter Springs 400 North Edgemon Avenue Winter Springs, Florida 32708 Dear Commissioners and Mayor: 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, 1984. We will examine the City's financial transactions, accounts and reports as well as perform an evaluation of the City'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 con- sider necessary to accomplish this purpose. These procedures will include tests by statistical sampling, if feasible, of documentary evidence supporting the transactions recorded in the accounts. In addition, correspondence with legal counsel and banks 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 exami- nation to be unusual or abnormal, we will report it to you immed~ iately. We will issue a management letter at the conclusion 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 be available during the year to consult with you on the effects of any proposed transactions or contemplated changes in financial operating policies. MEMBER AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS . FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 701 EAST ALTAMONTE AVENUE · SUITE 400 . ALTAMONTE SPRINGS, FLORIDA 32701 . (305) 834-4112 City Commissioners and Mayor Page 2 Our fee for this examination will be at our regular per diem rates with the audit fee contracted at $5,100. Invoices will be rendered periodically during the engagement and are payable upon presentation. Based upon receiving the City's completed financial records by November 1, 1984, and the performance of interim field work, we anticipate a December 1, 1984, completion date. 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, Ronald R. Shuck Partner &.~S Ene. DATE KAnE & SHUCK CERTIFIED PUBLIC ACCOUNTANTS CITY OF WINTER SPRINGS, FLORIDA — 400 NORTH EDGEMON AVENUE WINTER SPRINGS, FLORIDA 32708 Telephone(305)327-1800 MEMO TO: Commission/Mayor SUBJECT: Auditor Fiscal Year 1983/1984 DATE: November 7, 1983 As a result of interviews conducted on November 1, 1983, the firm of Kane & Shuck was tentatively selected to conduct the FY 83/84 audit. I have this date discussed our audit with the firm and they have agreed to do the audit IAW the law and provide us with 20 - 30 copies for the fee of $5,100.00. Recommend you appoint Kane and Shuck to d the FY 83/ audit for the agreed upon amount of $5,100.00. Should I r ire addi,,i.ona services that are not audit related, I will work out a fe ith thea'. ch rd R y, City Manager j mn ll PDQ Ste. .l