HomeMy WebLinkAboutCity of Tamarac Resolution R-87-2401
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Introduced by: A/�%Temp. Reso. 44704
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-87- 2-
A RESOLUTION APPROVING AND AUTHORIZING THE AP-
PROPRIATE CITY OFFICIALS TO EXECUTE A LETTER OF
ENGAGEMENT WITH TOUCHE ROSS & CO. PERTAINING TO
AUDITING SERVICES FOR FISCAL YEAR 1986/87 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 Touch Ross & Co., pertaining to auditing
services for fiscal year 1986/87 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 o2day of ,
1987.
ATTEST:
a�� 9 _ A
CAROL E. BARBUTO
CITY CLERK
I HEREBY CERTIFY that I have
approved this RESOLUTION as
to form.
RI9WO�1EY
MAYOR: HART
DIST. 1: C/M ROHR
DIST. 2: C/M STEIZER
DIST. 3: C/M HOFFMAN
DIST, 4: V/M STEIN
I-1
I —A
0-
Touche Ross & Co.
Certified Public Accountants
600 Corporate Drive
Suite 510
Fort Lauderdale, FL 33334-3637
Telephone: 305 462-2003
June 19, 1987
The Mayor and Members of the City Council
City of Tamarac
5811 N.W. 88 Avenue
Tamarac, Florida 33321
Dear Mayor and Council Members:
t� e5o.
O Touche Ross
We are pleased to continue to serve as independent accountants for the
City of Tamarac, Florida for the year ended September 30, 1987.
Mr. I. Stanley Brooks will be the partner in charge of all work we
perform for you. Mr. Mark Wolfson, an audit supervisor, 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 be helpful to you on current problems as they arise
throughout the year. Hence, we hope you will call Mr. Brooks or
Mr. Wolfson whenever you feel they can be of assistance.
It will be the responsibility of Mr. Brooks and Mr. Wolfson 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, 1987, and
evaluate the fairness of presentation of the statements in conformity
with generally accepted accounting principles applied on a basis
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 which
would be required if intended to disclose defalcations or other
irregularities, although their discovery may result.
Touche Ross International
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4 Touche Ross
The Mayor and Members of
the City Council
June 19, 1987
Page 2
We direct your attention to the fact that management has the
responsibility for the proper recording of transactions in the books of
account, for the safeguarding of assets, and for the substantial accuracy
of the financial statements. Such 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
recommendations including comments on deficiencies we have observed in
internal controls and possible 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
December 31, 1987, the City's books and records should be closed for the
year ended September 30, 1987, with substantially all necessary journal
entries being made to the books by the finance department by November 17,
1987.
We expect to begin interim work during July or August and will continue
intermittently up to the time the City's books and records are closed.
Our year-end 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 based on the amount of time required at various levels of
responsibility, plus actual out-of-pocket expenses (travel, typing,
telephone, etc.), payable upon presentation of our invoices. Total fees
for this engagement will be $28,800.
OTouche Ross
The Mayor and Members of
the City Council
June 19, 1987
Page 3
If the foregoing is in accordance with your understanding, please sign
and return to us one of the copies of this letter.
We appreciate. this opportunity to serve you and trust that our
association will be a long and pleasant one.
Very truly yours,
/;�� ee*-� Y-- �;'.
Certified Public Accountants
Accepted:
CITY Of—TAMARAC
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