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<br />t <br />t <br />t <br />t <br />~ <br />t <br />t <br />t <br />t <br />t <br /> <br />Honorable Mayor, City Council and City Manager <br />City of ABC, Florida <br />Page Two <br /> <br />The Rules of the Auditor General (Section 10.554(1)(h)3.) require that we address in the management letter any <br />findings and recommendations to improve financial management, accounting procedures, and internal controls. <br />In connection with our audit, there is one matter reported in the schedule of findings and questioned costs. <br /> <br /> <br />The Rules of the Auditor General (Section 10.554(1)(h)4.) require disclosure in the management letter of the <br />following matters if not already addressed in the auditor's reports on compliance and internal controls or <br />schedule of findings and questioned costs and are not clearly inconsequential: (I) violations of laws, rules, <br />regulations, and contractual provisions that have occurred, or are likely to have occurred; (2) improper or illegal <br />expenditures; (3) improper or inadequate accounting procedures (e. g., the omission of required disclosures <br />from the financial statements); (4) failures to properly record financial transactions; and (5) other inaccuracies, <br />shortages, defalcations, and instances of fraud discovered by, or that come to the attention of the auditor. Our <br />audit found one matter that is required to be disclosed and is presented in the accompanying schedule of findings <br />and questioned costs. <br /> <br />The Rules of the Auditor General (Section 10.554(1)(h)5.) also require that the name or official title and legal <br />authority for the primary government and each component unit of the reporting entity be disclosed in the <br />management letter, unless disclosed in the notes to the financial statements. The City of ABC was created by <br />Chapter 293] 8, Laws of Florida, 1953. The ABC Community Redevelopment Agency, the City's blended <br />component unit, was created by the City of ABC and Miami-Dade County on June 7, 2005 in accordance with <br />Chapter 163, Florida Statutes. <br /> <br />As required by the Rules of the Auditor General (Section I 0.554( I )(h)6a.), a statement must be included as to <br />whether or not the local government entity has met one or more of the conditions described in Section <br />218.503( I), Florida Statutes. In connection with our audit, we determined that the City, did not meet any of the <br />conditions described in Section 218.503( I), Florida Statutes. <br /> <br />As required by the Rules of the Auditor General (Section 10.554(1)(h)6.b.), we determined that the annual <br />financial report for the City of ABC for the fiscal year ended September 30, 2006, filed with the Florida <br />Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the <br />annual financial audit report for the f~scal year ended September 30, 2006. <br /> <br />As required by the Rules of the Auditor General (Sections 10.554(h)6.c. and 10.556(7), we applied financial <br />condition assessment procedures. It is management's responsibility to monitor the entity's financial condition, <br />and our t~nancial. condition assessment was based in part on representations made by management and the <br />review of financial information provided by same. The assessment was done as of the fiscal year end. There <br />were no findings that identified deteriorating financial conditions. <br /> <br />This report is intended solely for the information and use of the Mayor, City Council, management and the <br />Auditor General of the State of Florida and is not intended to be and should not be used by anyone other than <br />these specified parties. <br /> <br />Miami, Florida <br />March 2, 2007 <br /> <br />-16- <br />