HomeMy WebLinkAboutCity of Tamarac Resolution R-91-217s
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Temp. Reso. #___(e_18?
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R--91-- aI7
A RESOLUTION AUTHORIZING THE APPROPRIATE CITY
OFFICIALS TO EXECUTE AN AMENDMENT TO THE
AGREEMENT WITH GRANT THORNTON PROVIDING FOR
AN AUDIT OF THE CITY'S GENERAL PURPOSE
FINANCIAL STATEMENTS FOR THE FISCAL YEARS
ENDING SEPTEMBER 30, 1992 AND 1993; AND
PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1 : That the appropriate City officials are
hereby authorized to execute an Amendment to the Agreement
with Grant Thornton providing for an audit of the City's
General Purpose Financial Statements for the Fiscal Years
ending September 20, 1992 and 1993, a copy of said Agreement
being attached hereto as "Exhibit 1".
SECTION 2 s This Resolution shall become effective
immediately upon its passage.
PASSED, ADOPTED AND APPROVED this�day of , 1991.
NORMA*ABRAMOWIT
Z
MAYOR
ATTEST:
CAROL A. EVANS
CITY CLERK
I HEREBY CERTIFY that I have
approved this REPas
to form.._..
ALAN
CITY
reso.grantthorn
RECORD OF COUNCIL VOTE
MAYOR ABIFI AG+e"IfJVaf.._ ITZ
DISTRiCT 1: C/Nfl, KATZ
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11
November 13, 1991
Mr. John Kelly, City Manager
City of Tamarac, Florida
7525 N.W. 88th Avenue
Tamarac, Florida 33321-2401
Dear Mr. Kelly:
-.z 107
Suite 1100
Broward Financial Centre
r
500 East Broward Boulevard
R. Lauderdale, FL 33394-3095
-/
305 764.1235
FAX 305 7644293
TLX 755 973 ALEX GRANT LID
GrantMornton T
Accountants and
Management Consultants
The U.S. Member Firm of
Grant Thornton International
The purpose of this letter is to set forth the terms of our
engagements.
We will audit the combined financial statements of the City of
Tamarac, Florida for each of the years ending September 30, 1992
and 1993. Our audits will be made in accordance with generally
accepted auditing standards, and Government Auditing Standards,
issued by the Comptroller General of the United States, and will
include our examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. Our objective will be the completion of the
foregoing audits and, upon their completion and subject to their
findings, the rendering of our reports.
As you know, the financial statements are the responsibility of the
management of the City who are primarily responsible for the data
and information set forth therein, as well as for the evaluation of
the capability and integrity of the City's personnel and the
maintenance of an appropriate internal control structure, which
includes adequate accounting records and procedures to safeguard
the City's assets. Accordingly, our completion of the audit will
require management's cooperation. In addition, as required by
generally accepted auditing standards, our procedures will include
obtaining written representation from management concerning such
_matters which we will rely upon and the City will indemnify and
hold us harmless from any liability, damages and legal or other
costs we might sustain in the event such representations are
knowingly untrue.
Generally accepted auditing standards also require the auditor to
obtain reasonable, but not absolute, assurance that the financial
statements are free of material misstatement, and provide for the
audit to be performed on a test basis, as described in the second
paragraph of this letter. Accordingly, an audit is not a special
examination designed to detect fraud, nor a guarantee of the
rl
Mr. John Kelly, City Manager
City of Tamarac, Florida
November 13, 1991
Page Two
,\ 11R, 9/_ 91 1,7 r,
accuracy of the financial statements and is subject to the inherent
risk that errors, irregularities, or illegal acts, if they exist,
might not be detected. However, if we become aware of material
errors or any irregularities or illegal acts during the course of
our audit, we will bring them to your attention. Should you then
wish us to direct special auditing procedures to such matters, we
would be pleased to work with you to develop a separate engagement
for that purpose.
In addition, the supplemental financial statements and information,
although not considered necessary for a fair presentation of
financial position, results of operations, or changes in financial
position, will be subjected to the audit procedures applied in the
audit of the basic financial statements.
Our fee for the services set forth in this letter will be $37,500
for the year ending September 30, 1992 and $40,500 for 1993. our
billings will be rendered monthly and are payable upon receipt.
The fee arrangements discussed above are predicated upon the same
scope of services as specified in our original response to your
request for proposals for audit services for the year ended
September 30, 1989.
It is understood that our responsibility for such services will
extend only to periods covered by our audit and will not include
any claims pertaining to later periods for which we are not engaged
as auditors.
This engagement includes only those services specifically described
in this letter and appearances before judicial proceedings,
government organizations, or regulatory bodies arising out of this
engagement will be billed to you separately.
As a supplement to this letter, we are enclosing an explanation of
certain of our Firm's Client Service Concepts. We have found that
such explanation helps to clarify our services and enhances our
ability to work more closely with our clients.
0 �- � I- tWZ / 7 If
Mr. John Kelly, City Manager
City of Tamarac, Florida
November 13, 1991
Page Three
In the unlikely event that differences concerning our services or
fees should arise that are not resolved by mutual agreement, we
both recognize that the matter will probably involve complex
business or accounting issues that would be decided most equitably
to us both by a judge hearing the evidence without a jury.
Accordingly, you and we agree to waive any right to a trial by jury
in any action, proceeding or counterclaim arising out of or
relating to our services and fees for this engagement.
If any portion of this letter is held invalid, it is agreed that
such invalidity shall not affect any of the remaining portions.
If you are in agreement with the terms of this letter, please sign
one copy and return it for our files. We appreciate the
opportunity to continue to work with you.
Very truly yours,
BEmmer/WRPreece
db
Enclosures
The foregoing letter fully describes our understanding and is
accepted by us.
CITY OF TAMARAC, FLORIDA
Date
John Kelly, City Manager
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