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Honorable Mayor, Village Council and Village Manager Village of ABC, Florida Page Two The Rules of the Auditor General (Section 10.554( I )(h)4.), require disclosure in the management letter of the following matters if not already addressed in the auditor's reports on compliance and internal controls or schedule of findings and questioned costs and are not clearly inconsequential: (I) violations of laws, rules, regulations, and contractual provisions that have occulTed, or are likely to have occurred; (2) improper or illegal expenditures; (3) improper or inadequate accounting procedures (e.g., the omission of required disclosures from the financials statements); (4) failures to properly record financial transactions; and (5) other inaccuracies, sh0l1ages, defalcations, and instances of fraud discovered by, or that come to the attention of the auditor. [n connection with our audit, the findings and recommendations are incorporated in the accompanying schedule of l~ndings and questioned costs. The Rules of the Auditor General (Section I 0.554( I )(h)5.), also require that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in the management letter, unless disclosed in the notes of the financial statements. The Village was incorporated by Laws of Florida 90-142. There are no component units related to the Village. As required by the Ruks of the Auditor General (Section I 0.554( I )(h)6a.), a statement must be included as to whether or not the local government entity has met one or more of the conditions described in Section 218.503( I), Florida Statutes. [n connection with our audit, we determined that the Village, did not meet any of the conditions described in Section 218.503( I), Florida Statutes. As required by the Rules of the Auditor General (Section 10.554( I )(h)6.b.), we determined that the annual financial report for the Village for the f~scal year ended September 30,2006, filed with the Florida Department of Financial Services pursuant to Section 218.32( I )(a), Florida Statutes, is in agreement with the annual f~nancial audit report for the l~scal year ended September 30, 2006. As required by the Rules of the Auditor General (Section 10.554(h)6.c. and 10.556(7)), we applied fi nancial assessment procedures. It is management's responsi bi I ity to mon itor the ent ity' s t~nanciaI condition, and our f~nancial condition assessment was based in part on representations made by management and the review of financial information provided by same. The assessment was done as of the fiscal year end. There were no findings that identified deteriorating financial conditions. This management letter is intended solely for the information of the Village Council, management, and the State of Florida Office of the Auditor General. and is not intended to be and should not be used by anyone other than these specil~ed par1ies. Miami, Florida Fehruary 15, 2007 -2-