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Management Letter in Accordance with the Rules of the Auditor General of the State of Florida Honorable Mayor, City Commission and City Manager City of ABC, Florida We have audited the basic financial statements of the governmental activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of ABC, Florida (the City) as of and for the year ended September 30,2005, which collectively comprise the City's basic financial statements, and have issued our report thereon dated April 13,2006. We did not audit the financial statements of the Firefighters' and Police Officers' Retirement Trust and the General Employees' and Sanitation Employees' Retirement Trust and Other Managed Trusts, which represent 92% and 83%, respectively, of the assets and revenues of the aggregate remaining fund information. Those financial statements were audited by other auditors whose repO[1S thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the aggregate remaining fund information is based on the reports of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in CrJl'emlllent Auditing Standards, issued by the Comptroller General of the United States and OM B Circular A-133, Audits of States, Loca/ CrJl'emlllents, WId Non-Prrdit Organbllions. We have issued our Report of Independent Certilied Public Accountants on Internal Control over Financial Reporting and on Compliance and Other Matters and our Report on Compliance and Internal Control over Compliance Applicable to Each Major Federal Awards Program and State Financial Assistance Projects and Schedule of Findings and Questioned Costs. Disclosures in these reports and schedule, which are dated April 13, 2006, should be considered in conjunction with this management letter. Additionally, our audit was conducted in accordance with the provisions of Chapter 10.550, Rules of the Auditor General, which govern the conduct of local governmental entity audits performed in the State of Florida and require that certain items be addressed in this letter. In connection with our audit of the basic financial statements of the City for the year ended September 30, 2005, we report the following in accordance with Chapter] 0.550 Rules of the Auditor General, Loca/ CrJl'crnlllcnt Entity Audits, which requires that this report specifically address but not be limited to the matters outlined in Rule I 0.554( I )(h): I. Corrective actions have been taken to address significant findings and recommendations made in the preceding annual financial audit, except as reported in the accompanying SUlllmary Schedule of Prior Audit Findings. -6-