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<br />REPORT TO MANAGEMENT (Continued) <br /> <br />3. Any recommendations to improve the local governmental entity's financial management. <br /> <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 30,2008, except as noted above. <br /> <br />4. Violations of laws, regulations, contracts or grant agreements, or abuse that have occurred, or <br />are likely to have occurred, that have an effect on the determination of financial statement <br />amounts that is less than material but more than inconsequential. <br /> <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 30,2008, except as noted above. <br /> <br />5. For matters that are inconsequential to the determi~n of financial statement <br />am ou nts, considering both quantitative and qualitative factors, t f ing may be reported based <br />on professional judgment: <br /> <br />2. <br /> <br /> <br />agreements, or abuse that have <br /> <br />a. Violations of laws, regulations, and contract <br />occurred, or are likely to have occurred. <br /> <br />b. <br /> <br />1. <br /> <br />e.g., the omission of required disclosures <br /> <br />3. Inaccuracies, sho <br />to the attention of, th <br /> <br />There were no such 'sc red by, or that came to the attention of, the auditor, that, in our <br />judgment, are require ed, for the fiscal year ended September 30,2008, except as <br />noted above. <br /> <br /> <br />statements. <br /> <br />7. 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 30,2008 financial audit report. <br /> <br />6. <br /> <br />8. The Town has not met one or more of the financial emergency conditions described in Section <br />218.503(1), Florida Statutes. <br /> <br />9. We applied financial condition assessment procedures pursuant to Rule 10.556(7) and no <br />deteriorating financial conditions were noted. 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 /> <br />22 <br />