CRA Minutes 05/09/2008 - Laserfiche WebLink

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Independent Auditors' Management Letter To the Board of Directors of City of Casselberry, Florida Community Redevelopment Agency: \^Je have audited the financial statements of the City of Casselberry, Florida Community Redevelopment Agency (the "CRA"), as of and for the year ended September 30, 2007, and have issued our report thereon dated March 27, 2008. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. We have issued our independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Governmental Auditing Standards. Disclosures in that report, which is dated March 27, 2008, should be considered in conjunction with this management letter. Additionally, our audit was conducted in accordance with Chapter 10.550, Rules of the Auditor General. Those rules (Section 10.554(1 )(i)1) require that we address in the management letter, if not already addressed in the auditors' reports on compliance and internal controls or schedule of findings and questioned costs, whether or not corrective actions have been taken to address significant findings and recommendations made in the preceding annual financial audit report. No recommendations were made in the preceding annual financial audit report. The Rules of the Auditor General (Section 10.554(1 )(i)2) state that a management letter shall have a statement as to whether or not the eRA complied with Section 218.415, Florida Statutes, regarding the investment of public funds. In connection with our audit of the financial statements of the CRA, the results of our tests did not indicate that the CRA was in noncompliance with Section 8.415 regarding the investment of public funds. The Rules of the Auditor General (Section 10.554(1 )(i)3) require disclosure in the management letter of any recommendations to improve the CRA's financial management, accounting procedures, and internal controls. There were no recommendations in connection with the fiscal 2007 financial statement audit other than those identified in Governmental Auditing Standards report. The Rules of the Auditor General (Section 1 O.554( 1 )(i)4) require disclosure in the management letter of any violations of provisions of contracts and grant agreements or abuse that have an effect on the financial statements that is less than material but more than inconsequential. There were no such matters noted. 19