Rachlin, Cohen & Holtz # 1 - Laserfiche WebLink

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l\lanagement Letter in Accordance with the Rules of the Auditor General of the State of Florida Honorable Mayor, Village Council and Village Manager Village of ABC, Florida We have audited the financial statements of the Village of ABC, Florida (the Village) as of and for the year ended September }O, 2006, and have issued our report thereon dated February 15, 2007. We conducted our audit in accordance with United States generally accepted auditing standards, and Covernment Auditing Standards, issued by the Comptroller General of the United States and OMS Circular A-I}3, Audits of States. Local Cover/lIl/ents. and Non-Pro.fit Organi:ations. We have issued our Report of Independent Cer1ilied Public Accountants on Internal Control Over Financial Reporting and on Compliance and Other Matters and our Report of Independent Certilied Public Accountants on Compliance with Requirements Applicable to Each Major Federal Program and on Internal Control over Compliance in Accordance with OMS Circular A-I}} and Schedule of Findings and Questioned Costs. Disclosurcs in these reports and schedule, which arc dated February 15, 2007, should be considered in conjunction with this management letter. Additionally, our audit was conducted in accordance with provisions of Chapter 10.550, Rules of the Auditor General, which govern the conduct of local governmental entity audits performed in thc Statc of Florida and require that certain items bc addressed in this letter. The Rules of thc Auditor Gencral (Section I 0.554( I )(h) I.) rcquire that we addrcss in the managcmcnt lettcr, if not already addressed in thc auditor's report on compliance and internal controls or schedule of findings and questioned costs, whcthcr or not recommcndations made in thc preccding annual linancial report have bcen followcd. The Village implemented the recommendations madc in the preccding annual financial audit report. As required by the Rules of the Auditor Gencral (Section 10.554( I )(h)2.), the scope of our audit included a review of the provisions of Section 218.415, Florida Statutes, regarding the investment of public funds. In connection with our audit, we determincd that the Village complied with Section 218.415, Florida Statutes. Thc Rules of the Auditor Gcncral (Section 10.554( 1)(h)3.), require that we address in the managemcnt Icttcr any findings and recommendations to improvc financial managemcnt, accounting procedures, and internal controls. In conncction with our audit, the findings and rccommendations arc incorporated in the accompanying schedulc of findings and qucstioned costs. -1-