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<br /> <br />City of Casselberry <br /> <br />Cit\ lVlanager <br /> <br />\)s Tripll'J Ld,t' Drin". Cl.,,~t'lbt"'IT\'. rlnrid:l 32707 . Telvphulll' (.~l);) :2f)2 :77()(), F.\! II:~(J <br />Fa.\ (,:p)'?) :262-77:15 . Email blipscnmb(rl cJSsplherry_org <br /> <br />April 23. 2007 <br /> <br />Honorable Mayor. <br />Members of the Cll',' Commission, <br />And Citizens of the City at Casselberry <br /> <br />Dear Mayor. Corr.rr ISSloners and Citizens <br /> <br />Florida Statutes require thaI all general-purpose local governments publish a complete set of !inancial <br />statements presented in con/armity with generally accepted accounting principles (GAAP), and audited in <br />accordance with gE"nerally accepted auditing standards by a firm of licensed cenified public accountants. <br />Pursuant 10 that requirement, we hereby submit ttle comprehensive annual financial report of the City 01 <br />Casselberry. Florida lor Ihe Irscal year ended September 30. 2006 <br /> <br />This report consist~; 01 rnanagement"s representations concerning the finances of the City of Casselberry <br />Consequently, management assumes full responsibility for the completeness and reliability of all of the <br />Informalion presen:ed In this report. To provide a reasonable baSIS lor makinG tliese representations. <br />management of the City of Casselberry has established a comprehensive internal control framework that <br />is deSigned both tc protect the government's assets from loss. the/I. or misuse and to compile sufticient <br />reliable intormatlon for lhe preparalion oj thE City at Casselberry's financial statements in conformity with <br />GAAP. BEcause the cost 01 Internal controls should not outweigh their bene1its, the City at Casselberry's <br />tf8mework of Internal controls has been designed to provide reasonable ralher than absolute assurance <br />that the linancial statements will be Iree from material misstatement. As management. we assert lhat. to <br />the besl of our knO\:vledge and belie!. this financial repon is complete and reliable In all material respects. <br /> <br />Tile City of CaSSell)errys financial statements have been audited by Moore. Stephens. Lovelace. P.A.. a <br />firm at licensed certifled publiC accountants. The goal 01 the independent audit \-vas to provide reasonable <br />assurance that the !inanclal statements of the City of Casselberry for the fiscal year ended September 30. <br />2006. are tree oj malerial misstatement. The independent audit involved examining. on a teST basis. <br />evidence supporting the amount and disclosures in the tinanclal stalements: assessing the accounting <br />pnncipals used and signilicanl estimates made by management: ane] evaluating lhe overall financial <br />slatemenl presentation. The independent auditor concluded. based upon the audit. thai there was a <br />reasonable lias IS for rendering an unqualified opinion thaI the City oj Casselberry's jinancJal statements <br />lor the liscal year ended September 30. 2006. are lanly presented In conlormlly with GAAP. The <br />independent auditcr's report is presented as the firs! component of the financIal section of this report. <br /> <br />GAAP require that management provide a narratIve introduction; overVIEW 8nd analysis to accompany <br />the basic financial statements in the form of Management's DIScussion and AnalYSIS (MD&A). This letter <br />ot transmittal 1$ dEsigned 10 complement MD&A and should be read In conjunction vlJith it. The City of <br />Casselberry's MORA can be found immediately following the repon at the IndepEndent auditors. <br /> <br />iv <br />