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d. Minutes of the meetings of the City Council, or summaries of actions of recent meetings for which <br />minutes have not yet been prepared. <br /> <br />34. All transactions have been recorded in the accounting records and are reflected in the basic financial <br />statements. <br /> <br />35. We have disclosed to you the results of our assessment of risk that the basic financial statements may be <br />materially misstated as a result of fraud. <br /> <br />36. We have no knowledge of allegations of fraud or suspected fraud affecting the City’s basic financial <br />statements involving: <br /> <br />a. Management. <br /> <br />b. Employees who have significant roles in internal control. <br /> <br />c. Others where the fraud could have a material effect on the basic financial statements. <br /> <br />37. We have no knowledge of any allegations of fraud or suspected fraud affecting the City’s basic financial <br />statements received in communications from employees, former employees, analysts, regulators, or others. <br /> <br />38. We have no knowledge of noncompliance or suspected noncompliance with laws and regulations. <br /> <br />39. We are not aware of any pending or threatened litigation, claims or assessments; unasserted claims or <br />assessments that are probable of assertion and must be disclosed in accordance with Government Accounting <br />Standards Board (GASB) Codification Section C50, Claims and Judgements; or other matters, including gain <br />or loss contingencies, whose effects should be considered when preparing the financial statements. Neither we <br />nor the City or other acting on behalf of the City have consulted a lawyer concerning litigation, claims, <br />assessments or other matters affecting the City. <br /> <br />Unasserted claims or assessments have been properly disclosed in accordance with GASB Codification <br />Section C50. There are no other unasserted claims or assessments which are probable of assertion. <br /> <br />40. We have disclosed to you the identity of all of the City’s related parties and all the related-party relationships <br />and transactions of which we are aware. <br /> <br />41. We have informed you of all deficiencies in internal control over financial reporting, including significant <br />deficiencies or material weaknesses, in the design or operation of internal controls that could adversely affect <br />the City 's ability to record, process, summarize and report financial data. <br /> <br />42. There have been no communications from regulatory agencies concerning noncompliance with, or <br />deficiencies in, financial reporting practices. <br /> <br />43. It is our responsibility to inform you of all current and potential affiliates of the City as defined by the “State <br />and Local Government Client Affiliates” interpretation. Financial interests in, and other relationships with, <br />affiliates of the City may create threats to independence. We have: <br /> <br />a. Provided you with all information we are aware of with respect to current and potential affiliates, <br />including degree of influence assessments and materiality assessments.