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1 <br /> 1 <br /> REPORT TO MANAGEMENT <br /> I.CURRENT YEAR FINDINGS AND RECOMMENDATIONS <br /> 2014-01 Business Tax Receipts: <br /> Observation: During procedures it was noted that business tax receipts were not timely reconciled <br /> and deposited to the bank resulting in inaccurate reporting of balances at year end. <br /> Recommendation: The City should ensure that business tax receipts are reconciled timely and <br /> recorded accurately. <br /> Management Response: The reason for the untimely reconciliation and deposits of the business tax <br /> receipts was the transfer of this function from City Clerk's Office to Building Department. These <br /> receipts are now timely reconciled and deposited. <br /> II. PRIOR YEAR FINDINGS AND RECOMMENDATIONS <br /> None <br /> III. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF <br /> FLORIDA <br /> Unless otherwise required to be reported in the auditor's report on compliance and internal controls, <br /> the management letter shall include, but not be limited to the following: <br /> 1. A statement as to whether or not corrective actions have been taken to address findings <br /> and recommendations made in the preceding annual financial audit report. <br /> There were no significant findings and recommendations made in the preceding annual financial <br /> audit report for the fiscal year ended September 30, 2013. <br /> 2. Arry recommendations to improve the local governmental entity's financial management. <br /> There were no such matters discovered by, or that came to the attention of, the auditor, to be <br /> reported for the fiscal year ended September 30, 2014, except as noted above. <br /> 3. Noncompliance with provisions of contracts or grant agreements, or abuse, that have <br /> occurred, or are likely to have occurred, that have an effect on the financial statements that <br /> is less than material but which warrants the attention of those charged with governance. <br /> There were no such matters discovered by, or that came to the attention of, the auditor, to be <br /> reported, for the fiscal year ended September 30, 2014,except as noted above. <br /> 4. The name or official title and legal authority of the City are disclosed in the notes to the financial <br /> statements. <br /> 5_ The financial report filed with the Florida Department of Financial Services pursuant to Section <br /> 218.32(1)(a), Florida Statutes agrees with the September 30, 2014 financial audit report. <br /> 6. The City has not met one or more of the financial emergency conditions described in Section <br /> 218.503(1), Florida Statutes. <br /> 7. We applied financial condition assessment procedures and no deteriorating financial conditions <br /> were noted as of September 30, 2014. It is management's responsibility to monitor financial <br /> condition, and our financial condition assessment was based in part on representations made by <br /> management and the review of financial information provided by same. <br /> m 11 <br /> 34 <br />