1994-26
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GREENLE~
KURRAS
RICE &
BROWN, PA
CERTIFIED PUBLIC
ACCOUNTANTS
,(.r'--""EJVED JUL 1 J t99Ir
CLERMONT' ,rbert John Greenlee, Jr" .P.A.
Jerry D. Brown, C.P.A.
MOUNT DORA: John S, RIce, C,P,A,
PatricIa A. Sykes-Amos, C'p,A
C, L. (Chip) Garner, C P,A.
Dorothy A. KU"8S, C,P,A.
John A. Powers, C,P,A.
Mark A. Famer, C P.A.
Clermont, Florida
July 30, 1994
Honorable City Council
City of Clermont, Florida
P. O. Box 120219
Clermont, Florida 34712-0219
We are pleased to confirm our understanding of the services we are to provide for
the City of Clermont for the year ended September 30, 1994. We will audit the
general purpose financial statements of the City of Clermont as of and for the year
ended September 30, 1994.
Our audit will be made in accordance with generally accepted governmental auditing
standards, giving full consideration to the applicable laws of the State of Florida
and in accordance with the rules of the Auditor General of the State of Florida and
will include such auditing procedures as are considered necessary to enable the
Auditor to render an opinion as to the fairness of the City's financia1 statements.
Our procedures will include tests of documentary evidence supporting the
transactions recorded in the accounts, and may include tests of the physical
existence of inventories, and direct confirmation of receivables and certain other
assets and liabilities by correspondence with selected individuals, creditors, and
banks. We will request written representations from your attorneys as part of the
engagement, and they may bill you for responding to this inquiry. At the conclu-
sion of our audit, we will also request certain written representations from you
about the financial statsffisnts ¡~d rs1ated matters.
An audit is based primarily on the selective testing of accounting records and
related data; therefore, our audit will involve judgment about the number Qf trans-
actions to be examined and the areas to be tested. Because of the concept of
reasonable assurance, and because we will not perform a detailed examination of all
transactions, there is a risk that material errors, irregularities, or illegal
acts, including fraud or defalcations, may exist and not be detected by us. We
will advise you, however, of any matters of that nature that come to our attention.
Our responsibility as auditors is limited to the period covered by our audit and
does not extend to matters that might arise during any later periods for which we
are not engaged as auditors.
MEMBER FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS & AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
752 MontroseStreet
Post OffIce Box 120400. Clermont, FL 34712-0400
Telephone: (904) 394-3256
627 N, Donnelly Street
Post OffIce Box 8. Mount Dora, FL 32757
Telephone: (904) 383-8300
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City of Clermont
July 30, 1994
Page Two
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We understand that you will provide us with the basic information required for our
audit and that you are responsible for the accuracy and completeness of that
information. We will advise you about appropriate accounting principles and their
application and will assist in the preparation of your financial statements, but
the responsibility for the financial statements remains with you. This
responsibility includes the maintenance of adequate records and related controls,
the selection and application of accounting principles, and the safeguarding of
assets.
We understand that assistance in the preparation of schedules, analysis of accounts
and trial balances will be supplied by the Finance Department personnel as in
previous years.
We will provide a master of our report and the financial statements for the City to
have printed and bound and will prepare the financial portion of the state report
for the City to type. Our fee for these services for the year ended September 30,
1994, will be $22,000. Our fee does not include any additional testing or report-
ing requirements required by new bond issues or grants received after September 30,
1993. These services will be billed separately, based on our hourly rates plus
our-of-pocket expenses. We will render interim billings as work progresses with
the final billing being submitted after the delivery of the above mentioned report.
We appreciate the opportunity to be of service to the City of Clermont and believe
this letter accurately summarizes the significant terms of our engagement. If you
have any questions, please 1et us know. If you agree with the terms of our
engagement as described in this letter, please sign the enclosed copy and return it
to us.
Sincerely,
Ý!4.
RESPONSE:
This letter correctly sets forth the understanding of the City of Clermont.
By: 4?-tr ç ~
Title: Mayor
Date:
August 9, 1994