01-20-04 Regular Meeting - Laserfiche WebLink

Browse Search

/~-L Null~Lairson CERTIFIEd 1)UBLIC ACCOtlNTM~TS 1'KOFESSIORI,91. CCNU~ORA710N February 17, 2004 To the Audit Committee City of La Porte, Texas We have audited the financial statements of City of La Porte (City) for the yeaz ended September 30, 2003, and have issued our report thereon dated February 17, 2004. Professional standards require that we provide you with the following information related to our audit. Our Responsibility under U.S. Generally Accepted Auditing Standards and OMB Circular A-133 As stated in our engagement letter dated June 18, 2003, our responsibility, as described by professional standards, is to plan and perform our audit to obtain reasonable, but not absolute, assurance about whether the financial statements aze free of material misstatement and aze fairly presented in accordance with U.S. generally accepted accounting standazds. Because an audit is designed to provide reasonable, but not absolute assurance and because we did not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us. In planning and performing our audit, we considered City's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. We also considered internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with OMB Circulaz A- 133. As part of obtaining reasonable assurance about whether City's financial statements aze free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit. Also, in accordance with OMB Circulaz A-133, we examined, on a test basis, evidence about City's compliance with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement applicable to each of its major federal and state programs for the purpose of expressing an opinion on City's compliance with those requirements. While our audit provides a reasonable basis for our opinion, it does not provide a legal determination on City's compliance with those requirements. For purposes of using the audited financial statements in other documents, such as an official statement for a bond offering, our responsibility for other information in these other documents containing City's financial statements and report does not extend beyond the financial information identified in our report. In addition, we do not have an obligation to perform any procedures to corroborate other information contained in these documents. We have not performed procedures related to the inclusion of these financial statements and report in these documents, if any. 1 I Greem~~ay Plaza, Suite 1515 • Houston, TX 77046 • (71.i) 621-1515 • Fax: (7l_i) 621-1570 2117 Post Office Street • Galveston; TX 775aU • (409) 7G''-5,80 • Fax: (409) 762-1749 ~~fE1iHF;RS~ AMHRTC..av I!~TITL`f E Cif CL•RT7FIGf.) Pi.`HI.TI: ACCOC+,ti"i'.ahTC, TP_XAC Sf)CIiiTY OF f. GRTJf1CD PLRt.JC. ACCU(!;~TA\TS, I:PA A~SOCf.4TL'S i\'ITiR~AT141A1.. IBC. W'rrH A~SUCI.ATLD dPI•l(..i?.S IN PRttiC1PA1. t: 5. Ah°Il 1\*rf•.RA`ATIptiAI. CiTIGS