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e /,'L Null ,Lairson e CERllrtlD PUBUC I\lCOu:\.nA.... TS I'ROn;SSIO;\IA1 CORPORATION October I, 2001 Honorable Mayor and City Council, Audit Committee and Management City of La Porte, Texas We are pleased to confirm our understanding of the services we are to provide for the City of La Porte, Texas (the "City") for the year ended September 30, 2001. We will audit the City's general-purpose financial statements as of and for the years ended September 30, 2001. The general-purpose financial statements being audited will be included in the City's Comprehensive Annual Financial Reports (CAFRs). Our audit opinions will cover the financial information to be included in the financial section of the City's CAFRs as well as the Schedule of Expenditures of Federal Awards included in the City's supplemental Single Audit Reports. The CAFRs and supplemental Single Audit Reports will be prepared, with our assistance, by the City's finance staff. The CAFRs will be submitted to the GFOA for purposes of receiving certificates of recognition for reporting excellence.. All provisions of this agreement referring to the "auditors' report(s)", "opinion(s)" or "report(s)" include our reports applicable to both the CAFRs' financial section and the supplemental Single Audit Reports. We understand that the financial statements will be presented in accordance with the financial reporting model in effect prior to that described in GASB Statement No. 34. Also, all provisions of this agreement referring to the City's "financial statements" include both the CAFRs and the supplemental Single Audit Reports. The CAFRs' financial section will also include required supplementary information on pension plan funding progress that will not be subject to the auditing procedures applied in our audit of the general purpose financial statements, and for which our auditor's report will disclaim an opinion. Audit Objectives The objective of our audits are the expression of opinions as to whether the City's general purpose financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States of America and to report on the fairness of the other information included in the CAFRs' financial section and supplemental Single Audit Reports, as referred to in the first paragraph, when considered in relation to the general purpose financial statements taken as a whole. The objective also includes reporting on Internal control related to the financial statements and compliance with laws, regulations, and the provisions of contracts or grant agreements, noncompliance with which could have a material effect on the financial statements in accordance with Govemment Auditing Standards. 11 Greenway Plaza, Suite 1515. Houston, TX 77046 . (713) 621-1515 . Fax: (713) 621-] 570 402 20u, Street 0 Galveston. TX 77478 . (409) 762-8380 . Fax: (409) 762-1749 MEMBERS: AMERICAN IJI;STrnJTE OF <.:E1lT1FIE[> PUIILlC ACCOUNTANTS, TE.\:AS S()CI~TY OF CEk'J'lFlI'O PlIl.Il,IC ,\n'I)UNT,\NTS, CPA ,\SS0CIATliS INTEltNATIONAI., lNe', WITH ASSOCIATED tll'FICES IN l'IUNl'II',\I.1J,S. AND INTliRNATlONAL l'ITlES