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~ ~ ~ t ~ . t t t t t t t . ~ ~ Management Letter in Accordance with the Rules of the Auditor General of the State of Florida Honorable Mayor, City Council and City Manager City of ABC, Florida We have audited the basic financial statements of the governmental activities, the business-type activities, 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 30,2006, which collectively comprise the City's basic financial statements, and have issued our report thereon dated March 2, 2007. We did not audit the financial statements of the ABC Community Redevelopment Agency special revenue and capital projects funds which represent less than I % and ] % respectively, of the assets and revenues of the aggregate remaining fund information. Those financial statements were audited by other independent auditors whose repOfts thereon have been furnished to us, and our opinion on the financial statements, insofar as it relates to the amounts included for the ABC Community Redevelopment Agency special revenue and capital projects funds, is based solely on the repOfts of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in COl'emment Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits (~l States, Local CUl'emments, and Non-Profit Organi:ations; and Chapter 10.550, Rules of the Auditor General. We have issued our RepOft of Independent Certified Public Accountants on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements, Report of Independent Certified Public Accountants on Compliance and Internal Control over Compliance Applicable to each Major Federal Awards Program and State Financial Assistance Project, and the Schedule of Findings and Questioned Costs. Disclosures in those reports and schedule, which are dated March 2, 2007, 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. The Rules of the Auditor General (Section I 0.554( I )(h) I.) require that we address in the management letter, if not already addressed in the auditor's report on compliance and internal controls or schedule of findings and questioned costs, whether or not recommendations made in the preceding annual financial repoft have been followed. The recommendations made in the preceding annual financial audit report have been addressed. As required by the Rules of the Auditor General (Section 10.554(1)(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 determined that the City of ABC complied with Section 218.415, Florida Statutes. -15-