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1982-16 .. Agreement 82-16 '. .J . ... .. Clermont, Florida April 19, 1982 The Honorable Mayor City of Clermont Clermont, Florida and City Council Gentlemen: This letter will confirm our understanding of the arrangements for our examination of the financial statements of the City for the year end~ ing September 30, 1982. Our examination will be for the purpose of expressing an opinion on the balance sheets of the various funds and related financial state- ments. Although defalcations and similar irregularities may occasion- ally be disclosed by this type of examination, it is not designed for this purpose and should not be relied upon to disclose fraud, should any exist. The auditor will, of course, report to the City anything that appears to be unusual or abnormal. Patricia A. Sykes, CPA The examination will be made in accordance with general.ly accepted auditing standards, giving full consideration to the applicable laws of the State of Florida, and in accord- ance with the rules of the Auditor General of the State of Fl.orida, and will include such auditing procedures as are considered necessary to enable the auditor to render an opinion on the fairness of the City's financial statements. These procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of assets, direct confirma- tion of receivables, certain other assets and liabilities by correspondence with select- ed customers, creditors, legal counsel and banks. The examination shall be made in accordance with generally accepted governmental audit- ing standards as prescribed by the National Committee on Governmental Accounting in "Governmental Accounting, Auditing and Financial Reporting" and by the American Institute of Certified Public Accountants in the "Industry Audit Guide - Audits of State and Local Governmental Units." I . lour fee for the se~vices outlined above will be based on the time required to complete _the assignment at our regular hourly' rates, plus other out-of-pocket costs. Every ffort will be made to keep the cost to the minimum consistent with the requirements of the engagement. We will submit interim billing statements starting in October and at I regular intervals thereafter based upon the amount of work performed with the final bill mailed after delivery of the audit report. -------.---: -------.-.... .. - ~-~ 429 East Magnolia Avenue P.O. Box 98 Eustis. Florida 32726 Telephone (904) 357-3141 752 Montrosa 5treet P.O. Box 400 Clermont. Florida 32711 Telephone [904) 394-3256 627 North Donnelly Street P.O. Box 8 Mount Dora. Florida 32757 Telephone [904) 383-6300 '.10 .. . The Honorable Mayor and City Council April 19, 1982 Page Two - ~ unusual circumstances are encountered making it necessary for us to do added work, ~e will immediately report such conditions to the responsible City officials and both parties may negotiate such additional compensation as appears justified. At the conclusion of the audit, we will submit our report which will include the opin- ion and certain supplementary schedules, as required. If this letter correctly expresses your understanding, please sign the enclosed copy and return it to us in the enclosed envelope. Sincerely yours, GREENLEE, PAUL & KURRAS By Ce f), ~ Public Accountant JDB/gbt Approved by: City of Clermont, Florida BYt~"~ Date: ~JA-L { ~ .