Reso 2019-2899 - Laserfiche WebLink

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MSL. CPAs &ADVISORS VIA EMAIL December 19,2018 City Commissioners City of Sunny Isles Beach,Florida We are pleased to confirm our understanding of the services we are to provide the City of Sunny Isles Beach (the City) for the year ending September 30, 2019, as authorized in Resolution No. 2016-2532, which was adopted and passed on March 17,2016. We will audit the financial statements of the governmental activities,the business-type activities,the aggre- gate discretely presented component units,each major fund,and the aggregate remaining fund information, including the related notes to the financial statements, which collectively comprise the basic financial statements,of the City as of and for the year ending September 30,2019. Accounting standards generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the City's basic financial state- ments. Such information,although not a part of the basic financial statements, is required by the Govern- mental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the City's RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries,the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. The following RSI is required by U.S. generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited: 1) Management's Discussion and Analysis 2) Schedules of Revenues,Expenditures and Changes in Fund Balance—Budget and Actual— General Fund 3) Notes to Budgetary Comparison Schedules 4) Schedule of Funding Progress—Other Post-Employment Benefits We have also been engaged to report on supplementary information other than RSI that accompanies the City's financial statements. We will subject the following supplementary information to the auditing procedures applied in our audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America, and we will provide an opinion on it in relation to the financial statements as a whole: 1) Schedule of expenditures of federal awards and state financial assistance, if required 2) Combining Balance Sheet—Nonmajor Government Funds 3) Combining Statement of Revenues,Expenditures and Changes in Fund Balances— Nonmajor Government Funds 4) Budgetary Comparison Schedules—Nonmajor Funds 255 South Orange Avenue,Suite 600.Orlando,FL 32801-3428 407.740.5400•407.740.0012(facsimile)•w wsmslcpa.com ��;r-camx:u.scary.�.c�-,..:��.a_;,S:K�s:.wsr:�.n:r�r:::uT.aa,•. Moore Stephens Lovelace is an independent firm associated with Moore Stephens International Limited. ATTACHMENT B