HomeMy WebLinkAboutCity of Tamarac Resolution R-88-198Temp. Reso. #5109
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R--88- /�j,:y.
A RESOLUTION APPROVING AND AUTHORIZING
THE APPROPRIATE CITY OFFICIALS TO
EXECUTE A LETTER OF ENGAGEMENT WITH
TOUCHE ROSS & COMPANY PERTAINING TO
AUDITING SERVICES FOR FISCAL YEAR
1987/88; AND PROVIDING AN EFFECTIVE
DATE.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: That the City Council of the City of Tamarac
hereby approves a Letter of Engagement between the City of
Tamarac and Touche Ross & Company, pertaining to auditing
services for fiscal year 1987/88 attached hereto and made a
part hereof as Exhibit "A".
SECTION 2: That the appropriate City officials are
hereby authorized to execute said Letter of Engagement.
SECTION 3: This Resolution shall become effective
immediately upon adoption.
PASSED, ADOPTED AND APPROVED this,- day of ! "r 1988.
ATTEST:
CAROL E. BARBUTO
CITY CLERK
I HEREBY CERTIFY that I have
approved this RESOLUTION as to
form.
C�� f
RI CHARD DOOI)_V
CITY ATTORNEY
a NORMAN ABRAMOWITZ
I MAYOR
RECORD OF COUNCIL. VOTE
MAYOR
ABRAMOWITZ '
DISTRICT l:
C/M ROHR
DISTRICT 2:.
V/M STELZER 4
DISTRICT 3:
C/M HOFFMAN .Cry:...
DISTRICT 4:
C/M B NDER
June 16, 1988
The Mayor and Members of the City Council
City of Tamarac
10 5811 N.W. 88 Avenue
Tamarac, Florida 33321
Dear Mayor and Council Members:
We are pleased to continue to serve as independent accountants for the
City of Tamarac, Florida for the year ended Septemoer 30, 1988.
Mr. I. Stanley Brooks will be the partner in charge of all work we
perform for you. Mr. Robert Owen, an audit manager, will continue to be
assigned to your work. Examining and reporting on your annual financial
statements is to be our recurring basic assignment. We would like also
to oe helpful to you on current problems as they arise throughout the
year. Hence, we hope you will call Mr. Brooks or Mr. Owen whenever you
feel they can be of assistance.
It will be the responsibility of Mr. Brooks and Mr. Owen to make sure
that your management receives good service. They will, as desirable,
call upon other individuals with specialized knowledge, either in this
office or elsewhere in our firm.
The purpose of our engagement is to examine the City's general purpose
financial statements for the fiscal year ended September 30, 1988, and
evaluate the fairness of presentation of the statements in conformity
with generally accepted accounting principles applied on a oasis
consistent with that of the preceding period.
Our examination will be conducted in accordance with generally accepted
auditing standards, and the rules of the Auditor General, State of
Florida, and will include a review of the system of internal control and
tests of transactions to the extent we believe necessary. Accordingly,
it will not include a detailed audit of transactions to the extent wnich
would be required if intended to disclose defalcations or other
irregularities, although their discovery may result.
0
/� Touche lions
The Mayor and Memoers of
the City Council
June 16, 1986
Page 2
We direct your attention to the fact that management has the
responsioiiity for the proper recording of transactions in the 000ks of
account, for the safeguarding of assets, and for the substantial accuracy
of the financial statements. Sucn statements are the representations of
management.
The objective of our examination is the expression of an opinion on the
City's general purpose Financial statements. Our ability to express that
opinion and the wording of our opinion will, of course, be dependent on
the facts and circumstances at the date of our report. If our opinion
will be other than unqualified, the reasons therefor will be fully
disclosed.
We will prepare, as a normal part of our examination, a letter of
recommenoations including comments on deficiencies we have ooserved in
internal controls and possiole ways to improve the efficiency of your
operations. it is also our practice to discuss our comments on such
matters with the appropriate level of management.
In order for us to complete the audit worK and audit report by
D ecemoer 31, 1986, the City's books and records should oe closed for the
year ended September 30, 1988,,witn substantially all necessary journal
entries being made to the books by the finance department oy Novem er 17,
1988.
We expect to oegin interim work during July or August and will continue
intermittently up to the time the City's books and records are closed.
Our year-ena procedures will take approximately three to five weeks. We
will then expect to have a draft within one week thereafter.
Assistance is to be supplied by your personnel, including the preparation
of schedules and analyses of accounts. Timely completion of this work
will facilitate the conclusion of our examination.
Our fees are oared on the amount of time required at various levels of
responsioility, plus actual out-of-pocket expenses (travel, typing,
telephone, etc,), payaole upon presentation of our invoices. Total fees
for this engagement will oe $30,800. These fees anticipate that the City
will implement new accounting requirements such as revised pension
reporting with minimal assistance on our part.
10.� Touche Ross
E
The Mayor and Members of the City Council
City of Tamarac
5811 NW 88th Avenue
Tamarac, Florida 33321
Dear Mayor and Council Members:
With reference to our engagement letter dated ,Tune 16, 1988, we
hereby amend such letter to add as the ,fourth paragraph on page 2:
Prior to commencement of our initial audit procedures,
the Director of Finance will advise us as to his selection
of an area with regard to which we are to give expanded
emphasis to internal controls. Deficiencies which we
observe will be included in the letter of recommendations
referred to above.
Very truly yours,
Certified Public Accountants
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