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<br />.. Harris, Cotherman, <br />.. ~{:~~~!~co~n~ssociates <br /> <br />IdentifYing and ensuring that the City of Casselberry complies with laws, regulations, <br />contracts, and agreements, including grant agreements, is the responsibility of management. <br />As part of obtaining reasonable assurance about whether the financial statements are free of <br />material misstatements, we will perform tests of the City of Casselberry's compliance with <br />applicable laws and regulations and the provisions of contracts and agreements, including grant <br />agreements. However, the objective of our audit will not be to provide an opinion on overall <br />compliance and we will not express such an opinion. <br /> <br />Our audit will be conducted in accordance with the standards referred to in the second <br />paragraph. OMB Circular A-B3 and the Florida Single Audit Act requires that we plan and <br />perform the audit to obtain reasonable assurance about whether the auditee has complied with <br />applicable laws and regulations and the provisions of contracts and grant agreements applicable <br />to major programs. Our procedures will consist of the applicable procedures described in the <br />OMB's and Florida's compliance supplements. The purpose of these procedures will be to <br />express an opinion on the City of Casselberry's compliance with requirements applicable to <br />major federal programs and state projects. <br /> <br />Our procedures will include tests of documentary evidence supporting the transactions recorded <br />in the accounts, and may include tests of the physical existence of inventories, and direct <br />confirmation of receivables and certain other assets and liabilities by correspondence with <br />selected individuals, creditors, and financial institutions. We will request written <br />representations from your attorneys as part of the engagement, and they may bill you for <br />responding to this inquiry. At the conclusion of our audit, we will also require certain written <br />representations from you about the financial statements and related matters. <br /> <br />An audit includes examining, on a test basis, evidence supporting the amounts and disclosures <br />in the financial statements; therefore, our audit will involve judgement about the number of <br />transactions to be examined and the areas to be tested. We will plan and perform the audit to <br />obtain reasonable rather than absolute assurance about whether the financial statements are free <br />of material misstatement, whether caused by error or fraud. As required by the Single Audit <br />Act Amendments of 1996 and OMB Circular A-B3 and the Florida Single Audit Act, our audit <br />will include tests of transactions related to federal award programs and state financial assistance <br />projects for compliance with applicable laws and regulations and the provisions of contracts and <br />grant agreements. Because of the concept of reasonable assurance and because we will not <br />perform a detailed examination of all transactions, there is a risk that a material misstatement <br />may exist and not be detected by us. In addition, an audit is not designed to detect errors, fraud, <br />or other illegal acts that are immaterial to the financial statements or to major programs or state <br />projects. However, we will inform you of any material errors and any fraud that comes to our <br />attention. We will also inform you of any other illegal acts that come to our attention, unless <br />clearly inconsequential. We will include such matters in the reports required for a Single Audit. <br />Our responsibility as auditors is limited to the period covered by our audit and does not extend <br />to matters that might arise during any later periods for which we are not engaged as auditors. <br /> <br />3 <br />