12-10-14 Meeting of the La Porte Redevelopment Authority minutes

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.2MIcCALL GIBSON SWEDLUND BARFOOTPLLC Certified Public Accountants 73100 Wortham Center Drive Suite 235 111 Congress Avenue Houston, Texas 77065-5610 Suite 400 (713) 462-0341 Austin, Texas 78701 Fax (773) 462-2708 (512) 620-2204 E-Mail: mgsb@mgsbpllc.com www.nlybpllc.mm INDEPENDENT AUDITOR'S REPORT Board of Directors La Porte Redevelopment Authority City of LaPorte, Texas We have .audited the accompanying financial statements of the governmental La Porte Redevelopment Authority (the "Authority"), a cmnponent wait oft, as of and for the year ended September 30, 2014, and the related notes to the collectively comprise the Authority's basic financial statements as listed in the Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair pi accordance with accounting principles generally accepted in the design, implementation, and maintenance of internal c presentation of financial statements that are free from mat'( error_ �k Auditor's Responsibility Our responsibility is to express opinions our audit in accordance with auditing Those standards require that we plan eas �}r c the financial statements are free froni,ma of which iek financial statements in -s of America; this includes to the preparation and fair at, whether due to fraud or icial statements based on our audit. We conducted .erally accepted in the United States of America. audit to obtain reasonable assurance about whether An audit involves perforrxming•'j racedures to obtain audit evidence about the amounts and disclosures in, the financial statements. The jioce'clures selected depend on the auditor's judgment, including the assessment of the risks of materi misstatement of the financial statements, whether due to fraud or error. In making those risk�ass�ssmen1s the auditor considers internal control relevant to the entity's preparation and fair presentation -`of e financial statements in order to design audit procedures that are appropriate in the circumstancesbut not for the purpose of expressing an opinion on the effectiveness of the Authority's internal controlA°ccFordingly, we express no such opinion. An audit also includes evaluating the appropriateness; �ol�accounting policies used and the reasonableness of significant accounting estimates made by. nagment, as well as evaluating the overall presentation of the financial statements. We 6elid-ve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Member of .4merican ,Cnstitt r, of Certified Ps;biic A,,fxuntants Texas Socic y gfCsrl fed PkrblicAccounlants