The URL can be used to link to this page

Home My WebLink AboutJames Moore FY 14 Engagement Letter0 1000 nol 9=0141m, 105 Polk Avenue Cape Canaveral, Florida 32920 You have requested that we examine compliance with Section 215.415, Florida Statutes, Loc Government Investment Policies of the City of Cape Canaveral, Florida (the City) for the year end September 30, 2014. We are pleased to confirm our acceptance and our understanding of this examinati engagement by means of this letter. Our examination will be conducted with the objective of expressir an opinion as to whether the City complied in all material respects with Section 215.415, Florida Statut Local Government Investment Policies. I Practitioner esosiilities W Florida Statutes, Local Government Investment Policies is fairly presented, in all material respects, in conforinity with Section 215.415, Florida Statutes, Local Government Investment Policies. The procedures selected depend on the practitioner's judgment, including the assessment of the risks of material misstatement or misrepresentation of the subject matter, whether due to fraud or error. Because of the inherent limitations of an examination, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements or misrepresentations may not be detected exists, even though the examination is properly planned and performed in accordance with the attestation standards related to examinations of the American Institute of Certified Public Accountants. However, we Management Responsibilities Our examination will be conducted on the basis that nianagement and, when appropriate, those charged with governance acknowledge and understand that they have responsibility: For the preparation and fair presentation of the Section 215.415, Florida Statutes, Local Government Investment Policies in accordance with Section 215.415, Florida Statutes, Local Government Investment Policies; b. For the design, implementation, and maintenance of internal control relevant to Section 215.415, Florida Statutes, Local Government Investment Policies, which is the best means of preventing or detecting errors or fraud; c. For selecting and determining the suitability and appropriateness of the criteria upon which Section 215.415, Florida Statutes, Local Government Investment Policies will be evaluated; and 121 Executive Circle 5931 NW Ist Place 2477 Tim Gamble Place, Suite 200 Daytona Beach, F L 32114 1180 Gainesville, FL 32607-2063 Tallahassee, Fl. 32308-4396 Telephone: 386/257-4100 Telephone; 3521378-1331 Telephone; 8501386-6184 Fax: 386/255-326 1 Fax; 352/372-3741 Fax; 850/422-2074 dab@jmco.com gnv@jmco.com tlh@jmco.cam Alember of AGN International with offices in principal cities worldwide City of Cape Canaveral, Florida December 8, 2014 Page 2 Access to all information of which management is aware that is relevant to the Section 215.415, Florida Statutes, Local Government Investment Policies such as records, documentation, and other matters and that you are responsible for the accuracy and completeness of that information; ii. Additional information that we may request from management for the purpose of the examination; and ill. Unrestricted access to persons within the entity from whom we determine it necessary to obtain attest evidence. As part of our examination process, we will request from Section 215.415, Florida Statutes, Local Government Investment Policies, written confirmation concerning representations made to us in connection with the examination. We will issue a written report upon completion of our examination of Section 215.415, Florida Statutem Local Government Investment Policies. Our report will be addressed to the City. We cannot provi assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessa for us to modify our opinion, add an emphasis -of -matter or other -matter paragraph(s), or withdraw fro the engagement. )I llm= own *ur charges for this work are already included in previously agreed upon audit fee in our engagement letter dated July 8, 2010. It is the policy of James Moore & Co. P.L. (the Finn), to keep records related to this engagement f seven years after the completion of our services (the "retention period"), as specified by the Firm Record Retention and Destruction Policy. However, the Firm does not keep any original client provid( records. Client provided records will be returned to you at the completion of the engagement. Recor( prepared by us specifically for you as part of this engagement (for example, financial statements and oth, financial reports, tax returns, general ledgers, depreciation schedules, etc.) and other supporting recor( stinitA entries and relatedsuA-16j_[*Ah-WN&6MhinJi1n4W supporting amo nts in tax returns and financial statements, etc.) will remain part of the engagemei records. When any records are returned or provided to you, it is your responsibility to retain and prote them for possible future use, including potential examination by any government or regulatory agencie At the expiration of the retention period, the related engagement records will be destroyed. How 'ever' ti related engagement records will not be destroyed regardless of the retention period, if the FjiT h, s knowledge of potential or pending litigation and/or investigation by a regulatory agency, and it has be( determined by the Firm that the records in question are relevant to said litigation and/or investigation. If is detennined that the records in question are relevant to the litigation and/or investigation, the Firm w] impose a litigation hold on the records thereby suspending the scheduled destruction of the records. � potential or pending litigation or investigation may not be public knowledge, we request that you infon us of any such litigation or investigation in a timely manner. Likewise, as it may not be public knowledl when the litigation or an investigation has been concluded, we request that you inform us when a litigation or investigation has been concluded so that the litigation hold may be lifted and the recor( City of Cape Canaveral, Florida December 8, 2014 Page 3 related to our engagement destroyed in accordance with our Record Retention and Destruction Policy. Your signature below authorizes us, that upon the expiration of the seven year period, the Firm is free to destroy all records related to this engagement. with, the arrangements for this examination including our respecti e responsibilities. We appreciate th�i opportunity to be your certified public accountants and look forward to working with you and your staff. Very truly yours, MOW 1 jjji�ll 0 1 Lon .1 LOE Signature: LO &--•r 1 '1--1 ^-&� - Title: Date: