HomeMy WebLinkAbout10-00300 Backup 3-11-2010CITY OF MIAMI SOUTHEAST OVERTOWN PARK WEST
REDEVELOPMENT AGENCY, CITY OF MIAMI OMNI COMMUNITY
REDEVELOPMENT AGENCY, AND CITY OF MIAMI MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY
(COMPONENT UNITS OF THE CITY OF MIAMI, FLORIDA)
Management Letter in Accordance With the
Rules of the Auditor General of the State of Florida
Year ended September 30, 2009
SKI
& Co
SANSON KLINE
JACOMI NO & COMPANY, LLP
Certified Public Accountants & Consultants
Management Letter in Accordance with the
Rules of the Auditor General of the State of Florida
To the Board of Directors of the
City of Miami Southeast Overtown Park West
Redevelopment Agency, City of Miami Omni
Community Redevelopment Agency, and City of
Miami Midtown Community Redevelopment Agency
5805 Blue lagoon Drive
Suite 220
Miami, Florida 33126
Tel. (305) 269-8633
Fax (305) 265-0652
www.skjnet.com
We have audited the financial statements of the City of Miami Southeast Overtown Park West
Redevelopment Agency, City of Miami Omni Community Redevelopment Agency, and City of Miami
Midtown Community Redevelopment Agency (collectively referred to as "the Agencies"), Component
Units of the City of Miami, Florida, as of and for the fiscal year ended September 30, 2009 and have
issued our reports thereon dated November 25, 2009.
We conducted our audits 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'
Reports on Internal Control over Financial Reporting and on Compliance and Other Matters. Disclosures
in those reports, which are dated November 25, 2009, should be considered in conjunction with this
management letter.
Additionally, our audits were conducted in accordance with the provisions of Chapter 10.550, Rules of the
Auditor General, which govern the conduct of local governmental entity audits performed in the State of
Florida and, unless otherwise required to be reported in the report on compliance and internal controls or
schedule of findings and questioned costs, this letter is required to include the following information.
• Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not
corrective actions have been taken to address findings and recommendations made in the
preceding annual financial audit report not otherwise addressed in the auditor's report pursuant to
Section 10.557(3)(b)2., Rules of the Auditor General. There were no significant findings and
recommendations made in the preceding annual financial audit report.
▪ Section 10.554(1)(i)2., Rules of the Auditor General, requires our audit to include a review of the
provisions of Section 218.415, Florida Statutes, regarding the investment of public funds. In
connection with our audits, we determined that the Agencies complied with Section 218.415,
Florida Statutes.
▪ Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address in the management
letter any recommendations to improve financial management. Current year recommendations
are included at Appendix A to this letter.
Section 10.554(1)(i)4., Rules of the Auditor General, requires that we address violations of
contracts or grant agreements, or abuse that have an effect on the financial statement that is less
than material but more than inconsequential. In connection with our audits, we noted no such
violations.
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• Section 10.554(1)(1)5., Rules of the Auditor General, requires, based on professional judgment,
the reporting of the following matters that have an inconsequential to the determination effect on
the financial statement, considering both quantitative and qualitative factors: (a) violations of
provisions of contracts or grant agreements, fraud, illegal acts, or abuse; and (b) control
deficiencies that are not significant deficiencies. in connection with our audits, we did not have
any such findings.
• Section 10.554(1)(1)6., Rules of the Auditor General, requires that the name or official title and
legal authority for the primary government and each component unit of the reporting entity be
disclosed in this management letter, unless disclosed in the notes to the financial statements.
Such disclosures are made in note 1 to the Agencies' financial statements.
Section 10.554(1)(i)7.a., Rules of the Auditor General, requires a statement be included as to
whether or not the local governmental entity has met one or more of the conditions described in
Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In
connection with our audits, we determined that the Agencies did not meet any of the conditions
described in Section 218.503(1), Florida Statutes.
• Section 10.554(1)(i)7.b., Rules of the Auditor General, requires that we determine whether the
annual financial reports for the Agencies for the fiscal year ended September 30, 2009, filed with
the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes,
is in agreement with the annual financial audit report for the fiscal year ended September 30,
2009. The Agencies do not file a separate report with the State of Florida Department of Financial
Services. The financial operations of the Agencies are included in the basic financial statements
of the City of Miami, Florida for the year ended September 30, 2009.
▪ Sections 10.554(1)(i)7.c. and 10.556(7), Rules of the Auditor General, require that we apply
financial condition assessment procedures. In connection with our audits, we applied financial
condition assessment procedures. It is management's responsibility to monitor the entity's
financial condition, and our financial condition assessment was based in part on representations
made by management and the review of financial information provided by same.
This management letter is intended solely for the information and use of the board of directors,
management of the Agencies, and the State of Florida Office of the Auditor General, and is not intended
to be and should not be used by anyone other than these specified parties.
10/045,41/4,4 StoLoticter
November 25, 2009
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