LTC 189-2007 External Auditor's (McGladrey & Pullen) Annual Audit Report on CMB for period ending 9/30/06RECFI~FD
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OFFICE OF THE CITY MANAGER
NO. LTC # 189-2007
LETTER TO COMMISSION
TO: Mayor David Dermer and Members of the City Commission
FROM: Jorge M. Gonzalez, City Manager
DATE: August 16, 2007
SUBJECT: External Auditor's (McGladrey & Pullen) Annual Audit Report on the City of Miami
Beach (the City) for the period ended September 30, 2006
Attached for your information is the external auditor's report on the City for the fiscal year ended
September 30, 2006. This report includes the following:
A transmittal letter to the mayor and members of the City Commission, noting the auditor's
responsibility under professional standards, the City's accounting policies and alternative
accounting treatment, management's judgment and use of accounting estimates, audit
adjustments made to the trial balance, and consultation with other accountants. The letter
also states that the auditors had no disagreements with the City's management, no
difficulties encountered in performing the audit and no uncorrected misstatements;
2. The City's Comprehensive Annual Financial Report (CAFR) for the fiscal year ended
September 30, 2006;
3. Additionally, we have included in a single bound document, the following required reporting
information for the fiscal year ended September 30, 2006, completed on various dates:
• McGladrey & Pullen's management letter, in accordance with the Rules of the auditor
general of the State of Florida, to the mayor and members of the City Commission.
Observations for the current year are documented in Appendix A or page 141 of the
report. Prior year's observations are documented in Appendix B or page 148 of the
report;
• McGladrey & Pullen's Independent Auditor's Report on Internal controls over financial
reporting and on compliance and other matters based on an audit of financial statements
performed in accordance with governmental auditing standard;
• McGladrey & Pullen's Independent auditor's report on compliance with requirements
applicable to each major federal program and state project and on internal controls over
compliance in accordance with OMB Circular A-133 and Chapter 10.550, Rules of the
Auditor General of the State of Florida and Schedule of Expenditures on Federal Awards
and State Financial Assistance;
• Annual Report for the City in accordance with continuing disclosure requirements of SEC
Rule 15c2-12, and
• Annual Report for the Miami Beach Redevelopment Agency in accordance with
continuing disclosure requirements of SEC Rule 15c2-12.
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