HomeMy WebLinkAboutKane & Shuck Letter of Understanding Non-Utility Operations -1985 07 17
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KAnE & SHUCK
GAR:; D. KANE
RONALD R. SHUCK
JANET LANE BERNER
MARIAN L. CARAWAY
JACQUELYN L. HOEFER
SALLY S. HOOFMAN
NANCY F. KIMBRELL
BARBARA V RENNARD
CHRiSTINE M. THOMAS
CERTIFIED PUBLIC ACCOUNTANTS
July 17, 1985
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~Ul t7 1983
City Commissioners and Mayor
city of winter Springs
400 North Edgemon Avenue
Winter springs, FL 32708
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Dear Commissioners and Mayor:
This will confirm our understanding of the arrangements for
our examination of the financial statements of the non-utility
operations of the Ci ty of Winter Springs for the fiscal year
ending september 30, 1985.
We will examine the City'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 examin-
ation 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,
if feasible, of documentary evidence supporting the transactions
recorded in the account s . 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 examination to be unusual or abnormal, we will report it
to you immediately. We will issue a management letter at the
conc 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 and be available during the year to consult
with you on the effects of any proposed transactions or contemplated
changes in financial operating policies.
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~ MEMBER AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS' FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
400 N. NEW YORK AVENUE' WINTER PARK. FLORIDA 32789' (305) 644-6066
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City Commissioners and Mayor
City of Winter Springs
Page 2
Our fee for this examination and the preparation of the Annual
Financial Report of Units of Local Government will be at our
regular per diem rates with the fee estimated at $6,800 - $7,400.
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, 1985, and the performance of interim field work,
we anticipate a December 1, 1985, 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
RRS/
Enc
signature
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