Reso 2016-2532 - Laserfiche WebLink

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• S T. MOORS STEPHENS•1 IV4 - LOVELACE CPAs & ADVISORS March 30,2016 City Commissioners City of Sunny Isles Beach,Florida Dear Members of the City Commission: We are pleased to confirm our understanding of the services we are to provide the City of Sunny Isles • Beach(the City)for the years ending September 30,2016,2017, and 2018. SCOPE OF SERVICES We will audit the financial statements of the governmental activities, the business-type activities, the aggregate 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, 2016. 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 a 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 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 manage- ment'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 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 255 South Orange Avenue,Suite 600.Orlando,FL 328013428.407.740.5400•407.740.0012(facsimile)•wwwmslcpa.com Moore Stephens Lovelace is anindeoendent loin acs=•+u��•---�__, -----•Larded. Attachment "A"