Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly
sensitive because of their significance to financial statement users. We noted no partic-
ularly sensitive disclosures affecting the City’s financial statements.
Identified or Suspected Fraud
We have not identified or obtained information that indicates that fraud may have occurred.
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the per-
formance of the audit.
Uncorrected and Corrected Misstatements
As an added service to the City, we assisted in compiling the government-wide financial
statements, including consolidating various funds into governmental activities, converting
to the accrual basis of accounting, and recording all long-term assets, long-term liabilities,
and net position classifcations. This consolidation and conversion process was based on
information from the City’s accounting records.
For purposes of this communication, professional standards require us to accumulate all
known and likely misstatements identified during the audit, other than those that we
believe are trivial, and communicate them to the appropriate level of management. Fur-
ther, professional standards require us to also communicate the effect of uncorrected
misstatements related to prior periods on the relevant classes of transactions, account
balances or disclosures, and the financial statements as a whole and each applicable
opinion unit. We have not identified any uncorrected misstatements.
In addition, professional standards require us to communicate to you all material, cor-
rected misstatements that were brought to the attention of management as a result of our
audit procedures. There were no identified material misstatements, either individually or
in the aggregate, to the financial statements taken as a whole or to the applicable opinion
units.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with manage-
ment as a matter, whether or not resolved to our satisfaction, concerning a financial
accounting, reporting, or auditing matter, which could be significant to the City’s financial
statements or the auditors’ report. No such disagreements arose during the course of the
audit.
