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MARCUM ACCOUNTANTS • ADVISORS Attachment E April 12, 2022 To the Honorable Mayor, City Commission, and City Manager City of Sunny Isles Beach, Florida Re: Engagement of Marcum LLP We are pleased to confirm our understanding of the services Marcum LLP ("Marcum," the "Firm," "we," "us" or "our") are to provide the City of Sunny Isles Beach, Florida (the "City," "you" or "your") for the fiscal years ended September 30, 2022 through 2024, with the City's option for two (2) additional one (1) year periods through September 30, 2026. We will audit the financial statements of the governmental activities, the business -type activities, 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 fiscal years ended September 30, 2022 through 2024, with the City's option for two (2) additional (1) year periods through September 30, 2026. 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 statements. Such information, although not part of the basic financial statements, is required by the Governmental 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 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 generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited: 1) Management's Discussion and Analysis 2) Schedule of Changes in City's Proportionate Share Net Pension Liability and Related Ratios 3) Schedule of City's Contributions — Pensions 4) Schedule of Changes in Total OPEB Liability and Related Ratios 5) Budgetary Comparison Schedules IN MARCUMGROUP MEMBER Marcum UP u One Southeast Third Avenue a Suite 1100 -Miami, Florida 33131 a Phone 305.995.9600 u Fax 305.995.9601 a www.marcumilp.com