Resolution 77-15432 RESOLUTION NO. 77-15432
A RESOLUTION ACCEPTING THE RECOMMENDATION OF
THE BOARD OF TRUSTEES OF THE MIAMI BEACH
EMPLOYEES RETIREMENT SYSTEM FOR EMPLOYMENT
OF RACHLIN & COHEN, CPA' S TO PERFORM AUDIT
FOR THE 1977 CALENDAR YEAR.
WHEREAS , the Board of Trustees of the Miami Beach
Retirement System has recommended the approval of the proposal
of Rachlin and Cohen, CPA' s, to perform the audit of the
Retirement System accounts for the 1977 calendar year, and
WHEREAS , the City Administration has reviewed the
proposal including the scope of the audit to be performed
and the fees proposed to be charged and has found such services
to be performed meet the requirements of the City;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, does hereby approve the
proposal of Rachlin & Cohen as set forth in a letter to the
Board of Trustees of the Employees Retirement System dated June
3, 1977, as attached hereto and made a part hereof, and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI BEACH, FLORIDA, that the Mayor and the City Clerk be
and they are hereby authorized and directed to execute said
proposal on behalf of the City, and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA, that the disbursing officers of
the City be and they are hereby authorized and directed to pay
out such sums of money as the City is obligated to pay out
under the terms of said proposal, from the funds of the City
available for such purpose.
PASSED and ADOPTED this 7th day of September, 1977.
Mayor
Attest:
'//f4J-f.-7,14
City Clerk
OFFICE OF THE CITY ATTORNEY , 1130 WASHINGTON AVENUE - MIAMI BEACH, FLORIDA 33139
RACHLIN & COHEN
CERTIFIED PUBLIC ACCOUNTANTS
Suite 506,19 West Flagler Street,Miami,Florida 33130•(305)377-1491
Leslie J.August,CPA
Lawrence H.Blum,CPA D gro�j nStanley L.Cohen,CPA �`1JJ/
Richard Drath,CPA
Morris I.Hollander,CPA June 3, 1977
Harvey Miller,CPA
Norman S.Rachlin,CPA JUN 13 1977
Sherman L.Rosenfield,CPA
Leonard I.Safra,CPA
Alan L.Sheinfeld,CPA
Ronald K.Stern,CPA EINANCE DIRECTOR
Bernard B.Weintraub,CPA
- Board of Trustees
Retirement System for General
.tnployees and Elected Officials
City. of Miami Beach •
We are submitting the following proposal for the continuation of
our services as independent accountants for the Retirement System
for General Employees and Elected Officials of the City of Miami
Beach, for the year ended December 31, 1977. The purpose of our
recurring basic assignment is:
1) To prepare without audit, exclusively from the general ledger
and other information you will furnish us, financial state-
ments of the System for three calendar quarters of the year
1977. To such statements we will append our report which
will probably take the following form:
The accompanying statement of assets and liabilities of
the Retirement System for General Employees and Elected
Officials of the City of. Miami Beach, as of
1977 and 1976, and the related statements of changes in
net assets and cash receipts and disbursements, for the
then ended were not audited by us and accordingly
we do not express an opinion on them.
2) To examine the System' s financial statements for the year ending
December 31, 1977, and evaluate the fairness of presentation
of the statements in conformity with generally accepted account-
ing principles applied on a basis consistent with that of the
preceding period.
y 1.`
Ccs;,
v. r
• HAUHLUN & LUt--iL
Retirement System for General
Employees and Elected Officials
City of Miami Beach
Page Two
Our examination will be conducted in accordance with generally
accepted auditing standards which will include a review of the
system of internal control and tests of transactions to the
extent we believe necessary.
Your accounting department will provide us with various schedules
and information at our request, such as analysis of investments
as per oar. proformas. Your personnel department will provide
to with additional information and schedules at our request.
We direct your attention to the fact that management has the
responsibility for the proper recording of transactions in the
books of account, for the safeguarding of assets, and for the
substantial accuracy of the financial statements. Such statements
are the representations of management. '
The objective of our examination is the expression of an unquali-
fied opinion on the System' s financial statements, dependent on
the facts and circumstances at the date of our opinion. If our
opinion will be other than unqualified, the reasons therefore
will be fully disclosed.
The retainer fee for our services will be $6, 000.00. This retainer
has been proposed on the assumption that you will continue to
employ competent bookkeeping personnel. Should a change in your
bookkeeping personnel require us to spend extra time in training
your people or in otherwise performing our services, and an
extension of our services therefore appear to be required, we
would consult with you concerning such possible extension of our
services and any resulting increase in our fees.
If this letter contains a correct understanding of our arrangements,
please indicate your acceptance by signing, dating and returning
the enclosed copy to us.
Very
ly ours
LESLIE J. AUGUST, C.P.A.
ACCEPTED BY: CITY O1MIAMI BEACH
Harold Rosen", Mayor
ATTEST:
,141
Elaine Matthews, City Clerk
September 7, 1977
DATE
ORIGINAL
RESOLUTION NO. 77-15432
(Accepting the recommendation of the
Board of Trustees of the Miami Beach -
Employees Retirement System for Er.:ptoy-
ment of Rachlin & Cohen, CPA's, to
perform audit for the 1977 calendar yr)
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