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Village of Key Biscayne, Florida March 26, 2021 Page 3 Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors’ report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated March 26, 2021. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the Village’s financial statements or a determination of the type of auditors’ opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as Village’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. The Schedule of Findings and Questioned Costs which includes our audit findings and Appendix A reflecting the Current Year and Prior Years Recommendations to Improve Financial Management, are included in the reporting section of the Village’s Comprehensive Annual Financial Report and include three significant deficiencies and one material weakness plus a management letter comment (observation and recommendation) along with management’s responses to correct/improve (corrective action plan) these reported matters and a status of prior year findings and recommendations. Other Matters We applied certain limited procedures to Management’s Discussion and Analysis, Budgetary Comparison Schedules for the General Fund, Transportation Special Revenue Fund, and Pros Land Trust Special Revenue Fund, the Schedule of Changes in the Village’s Net Pension Liability and Related Ratios, Schedule of Village Contributions, Schedule of Investment Returns, Schedule of Changes in the Total OPEB Liability and Related Ratios and notes to the required supplementary information (RSI), which supplements the basic financial statements. Our procedures consisted of FOR PROPOSAL PURPOSES ONLY - DO NOT DISTRIBUTE