#03 - Audit Presentation - Laserfiche WebLink

Home Browse Search

23. If applicable, the City disclosed tax abatements entered into by other governments that affect its revenues, including the names of the governments that entered into the agreements, the specified taxes being abated, and the gross dollar amount of taxes abated during the period, as required by GASB Statement No. 77. 24. If applicable, leases have been properly identified, recorded and disclosed in accordance with GASB Statement No. 87, Leases. 25. If applicable, subscription-based technology information arrangements (SBITAs) have been properly identified, recorded and disclosed in accordance with GASB Statement No. 96, Subscription-Based Information Technology Arrangements. 26. We have no direct or indirect legal or moral obligation for any debt of any organization, public or private, that is not disclosed in the financial statements. 27. We have complied with all aspects of laws, regulations and provisions of contracts and agreements that would have a material effect on the financial statements in the event of noncompliance. In connection therewith, we specifically represent that we are responsible for determining that we are not subject to the requirements of the Single Audit Act because we have not received, expended or otherwise been the beneficiary of the required amount of federal awards during the period of this audit. 28. If applicable, the government has properly disclosed or recognized conduit debt obligations and/or certain arrangements associated with conduit debt obligations in accordance with GASB Statement No. 91, Conduit Debt Obligations. 29. We have reviewed the GASB Statements effective for the fiscal year ending December 31, 2024, and concluded the implementation of the following Statements did not have a material impact on the basic financial statements: a. GASB Statement No. 101, Compensated Absences 30. We believe the implementation of the GASB Statement listed below is appropriate: a. GASB Statement No. 100, Accounting Changes and Error Corrections – The standard prescribes and clarifies the accounting and financial reporting for changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity. 31. We have no knowledge of any uncorrected misstatements in the financial statements. 32. We have requested an unsecured electronic copy of the auditor’s report and basic financial statements and agree that the auditor’s report and basic financial statements will not be modified in any manner. Information Provided 33. We have provided you with: a. Access to all information of which we are aware that is relevant to the preparation and fair presentation of the basic financial statements such as records, documentation and other matters. b. Additional information that you have requested from us for the purpose of the audit. c. Unrestricted access to persons within the City from whom you determined it necessary to obtain audit evidence.