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HomeMy WebLinkAboutContracts & Agreements_17-1994_CCv0001.pdf MEMBERS Saul THOMAS E.AHERN,C.P.ABRUCE).BARTELLS.C.P.A_ ASSOCIATED REGIONAL GARY L.CHRISTENSON,C_P.A. ACCOUNTING FIRMS(ARAF; CHARLES P_COPELAND,CPA. RHEE ELIKER,C.P.A_ DOUGLAS R.MCADAM,C_P.A_ AMERICAN INSTITUTE OF ^�^� J£SSIE C.POWELL,CP.A. CERTIFIED PUBLIC ACCOUNTANTS SOREN • WADAM • BARTELLS ELLS JAMES L.SOREN,C_P.A. KIRK PRIVATE COMPANIES PRACTICE SECTION CERTIFIED PUBLIC ACCOUNTANTS, INC. DAVID P.TUTTLE,C.P.A. April 27, 1994 Gary Luebbers City Manager City of Redlands P.O. Box 2090 Redlands, CA 92373 This letter is to confirm our understanding of the arrangements for our examination of the financial statements of the City of Redlands for the year ended June 30, 1994. The scope of the audit will include all funds and account groups of the City of Redlands and the Redevelopment Agency. The audit will be conducted in accordance with generally accepted auditing standards and generally accepted government auditing standards. The audit report will include an opinion on the combined financial statements including the account groups and will cover the supplementary information, including combining financial statements, on an "in- relation-to" basis. Supplemental reports under the Single Audit Act will include a statement that the audit was made in accordance with the provisions of OMB Circular A-128. Supplemental reports will include a "management letter" discussing any reportable conditions in the internal control structure. For the year ended June 30, 1994, the audit scope will include a compliance examination on the Redevelopment Agency in accordance with the Guidelines for Compliance Audits of California Redevelopment Agencies published by the State Controller, and we will issue a report on compliance. Our procedures will include, but will not be limited to, tests of documentary evidence supporting the transactions recorded in the accounts, direct confirmation of receivables and certain other assets and liabilities by correspondence with selected customers, creditors, legal counsel and banks. Although defalcations and similar irregularities may occasionally be disclosed by this type of audit, it is not designed for this purpose and should not be relied upon to disclose fraud, should any exist. We will, of course, report to you anything that appears to us during our audit to be unusual or abnormal. Our fee for this audit will be at our regular per diem rates, and our invoices are due and payable upon presentation. We anticipate that the fee for the audit for the year ended June 30, 1994 will not exceed $32,395. 2068 Oranee Tree Lane.Suite 100 ♦ P—r Off—11—RAI A ♦ Q-A1 A, r A nwvc 1 1,A ...,....--- ,.--- - --.- - Gary Luebbers City Manager Page Two April 27, 1994 if we encounter problems in performing our audit, we will consult with you before proceeding. Should additional bookkeeping services or schedule preparation be required, our fees will be based on our standard per them rates. A late charge of 1.0 percent per month will be added to account balances unpaid thirty (30) days after presentation of our invoice. We look forward to continuing to provide you with the highest quality of professional service. If this letter correctly expresses your understanding of the terms of our engagement as described herewith, please sign the enclosed copy and return it to us in the envelope provided. If you have any questions concerning the audit, or any matter, please contact us. SORELY ♦ McADAM + BARTELLS Certified Public Accountants, Inc. By: David P. Tuttle, CPA aa Enclosure APPROVED: Swen Larson, mayor Date: May 3, 1994 ATTEST: Fi TI _P9 Vz-—e r ler City OfIftedland-I