AGENDA MEMORANDUM

 

 

Meeting Date:           April 27, 2009

 

From:                          Jerry Boop, Finance Director, CPA, CGFO

 

Subject:                      Communication with those charged in governance

 

 

Staff Recommendation:

Staff recommends the City Commission accept this communication from its auditors Purvis Gray.

 

Analysis:

The accounting and auditing professions have come under the microscope due to the business failures of large corporations such as Enron, WorldCom and the recent activities of Wall Street.  While much of the blame has been placed on business ethics, additional focus has been placed on the methods of communication between the auditing firm, an entity’s management and its board of directors.  This communication offers additional information in regard to the audit and provides the Commission another opportunity to ask questions regarding the audit and financial position of the City.

 

Options:

1.  Accept the communication from the City’s Auditors Purvis Gray; or

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact

None

 

Submission Date and Time:    4/23/2009 9:02 AM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________