Laserfiche WebLink
<br />City of Key West, Florida <br /> <br />A material weakness is a significant deficiency, or combination of significant deficiencies, that <br />results in more than a remote likelihood that a material misstatement of the financial statements <br />will not be prevented or detected by the City's internal control. <br /> <br />Our consideration of internal control over financial reporting was for the limited purpose <br />described in the first paragraph of this section and would not necessarily identify all deficiencies <br />in internal control over financial reporting that might be significant deficiencies or material <br />weaknesses. We did not identify any deficiencies in internal control over financial reporting that <br />we consider to be material weaknesses, as defined above. <br /> <br />Compliance and Other Matters <br /> <br />As part of obtaining reasonable assurance about whether the City's financial statements are <br />free of material misstatement, we performed tests of its compliance with certain provisions of <br />laws, regulations, contracts and grant agreements, noncompliance with which could have a direct <br />and material effect on the determination of financial statement amounts. However, providing an <br />opinion on compliance with those provisions was not an objective of our audit and, accordingly, <br />we do not express such an opinion. The results of our tests disclosed no instances of <br />noncompliance or other matters that are required to be reported under Government Auditing <br />Standards. <br /> <br />We noted certain matters that we have reported to the management of the City of Key West, <br />Florida in our Independent Auditors' Report to City Management included on pages 5 through 10. <br /> <br />The City of Key West, Florida's written responses to the matters identified in our audit have <br />not been subjected to the audit procedures applied in the audit of the financial statements and, <br />accordingly, we express no opinion on them. <br /> <br />This report is intended solely for the information and use of City management, members of <br />the City Commission, the State of Florida Auditor General, Federal and state awarding agencies <br />and other grantor agencies, and is not intended to be and should not be used by anyone other than <br />these specified parties. <br /> <br />~,lYJdu~~ ( t.s., uP <br /> <br />KEEFE, McCULLOUGH & CO., LLP <br /> <br />Fort Lauderdale, Florida <br />March 31, 2010 <br /> <br />2 <br />