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HomeMy WebLinkAboutResolution No. 1987-49 MICROFILMED JUNE 89 RESOLUTION NO. 87-49 A RESOLUTION APPROVING AGREEMENT FOR AUDITING SERVICES BETWEEN THE CITY OF CAPE CANAVERAL, FLORIDA, AND DOBSON, BJERNING & DUFFEY, P.A. ; PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED by the City Council of the City of Cape Canaveral, Florida, as follows: SECTION 1 . The City of Cape Canaveral, Florida, hereby approves the agreement for auditing services between the City of Cape Canaveral, Florida , and Dobson , Bjerning & Duffey, P.A. ; a ` copy of said agreement being attached hereto and made a part here- of. SECTION 2 . The Mayor and City Clerk of the City of Cape Canaveral are hereby authorized to execute said agreement on be-- half of the City. SECTION 3 . This Resolution shall become effective immediately upon its adoption. ADOPTED BY the City Council of the City of Cape Canaveral, Florida, this 15th day of September , 1987. Mayor ATTEST: J ®® NO ty Clerk HOOG pin Approved as to Form: KIDD . LEE X e --' MARCHETTI L '+seri 0 0 .r_ ,� IJIURPHY X w ty Atto n I I RESOLUTION NO. 87-49 PAGE 1 OF 1 . X7D3Yo DOBSON, BJERNING & DUFFEY CERTIFIED PUBLIC ACCOUNTANTS WmEY161n.Ar4m."ww,•Y,4anr4.fL ]il01 poY Tnnxl !LlYpnp4�wnw •Ywml4Yrq,fLlAY Qml.11,W nr0.WYYnmion �,nnw,mWl,ir•TMwN4.R ltl,m PmIMGImH City Council City of Cape Canaveral We are pleased to confirm our understanding of the services we are to provide for the City of Cape Canaveral for the year ended September 30, 1987. We will audit the general purpose financial statements and combining financial statements of individual funds for the year ended September 30, 1987. Our examination will be made in accordance with generally accepted auditing stand- ards and the standards for financial and compliance audits contained in the "Standards for Audit of Governmental Organizations, Programs, Activities, and Functions," issued by the U.S. General Accounting Office, and will include such tests of the accounting records and such other auditing procedures as we con- sider necessary in the circumstances. The objective of such an examination is the expression of our opinion on whether the financial statements are fairly presented in conformity with generally accepted accounting principles applied on a consistent basis. As part of our examination, we will make a study and evaluation of the City's system of internal accounting control to the extent we consider necessary to evaluate the system as .requiredby generally accepted auditing Standards. Under these standards, the purpose of such evaluation is to establish a basis for reliance on the system of internal accounting control in determining the nature, timing and extent of other auditing procedures that are necessary for expressing an opinion on the financial statements and to assist the auditor in planning and performing the examination of the financial statements. Such examinations include procedures designed to detect errors and irregularities that wouldhave a material effect on the financial statements. However, as you are aware, there are inherent limitations in the auditing process; for example, such examinations are based on the concept of selective testing of the data being examined and are, therefore, subject to the inherent limitation that such matters, if they exist, may not be detected. Likewise, in making our examina- tion we will be aware of the possibility that illegal acts may have occurred. However, it should be recognized that such an examination cannot be expected to provide assurance that illegal acts will be detected. However, if, during the course of our examination, we become aware of such errors, irregularities or illegal acts, we will bring them to your attention. City Council City of Cape Canaveral Page two The following funds will be included in our examination: General Fund Special Revenue Fund Debt Service Fund Special Assessment Funds Enterprise Fund - Sewer System' Police Education Trust Fund Pension Trust Fund General Fixed Assets General Long-term Debt 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 ate records and related This responsibility the ilselectionuand application ofaccountingdes the ce of and the safeguarding of assets. In this regard, you recognize that the establish- ment and maintenance of a system of internal accounting control is an important responsibility of management. Appropriate supervisory review procedures are necessary to provide reasonable assurance that adopted policies and prescribed pro al actsedureAs.are part adhered ourto and to aforementionedireview of the City's errors and l systemsofrinternal control, we will inform the appropriate levels of management and the City Council of weaknesses that we believe should be corrected and our recommenda- tions in this respect. As part of our engagement, we will also prepare the report to the Comptroller of State of Florida for the City for the year ended September 30, 1987. ■ . City Countil ' City of Cape Canaveral Page three Our fees for these services will be based on the actual time spent at our stan- dard hourly rates. Fees will be billed monthly and are payable upon presenta- tion. We estimate that the total fee will be $13,800. We appreciate the opportunity to be of service to you. If you have any ques- tions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign below and return it to us. A copy is enclosed for your files. bdta a, OOBSON, BdE NING UFFEY '1I� August 3, 1987 Merritt Island, Florida APPROV By: J Title: Date: { -w-a - s - �.. r i's..