LTC 559-2016 Review and Risk Assessment of Internal Controls MIAMI BEACH
OFFICE OF THE CITY MANAGER
NO. LTC # LETTER TO COMMISSION
559-2016
TO: Mayor Philip Levine and Members of the City Commission
FROM: Jimmy L. Morales, City Manager
DATE: December 29, 2016
SUBJECT: Review and Risk Assessment of Internal Controls
The purpose of this Letter to Commission is to advise the City Commission that today I have used
my emergency procurement authority to retain the accounting firm BDO to conduct a review and risk
assessment of our internal controls and procedures in our Treasury management and disbursement
functions. We will be working with both the New York and Miami offices. They also have a cyber
security department that can assist with any issues that may arise with respect thereto. I want to be
sure that our internal controls represent best practices going forward and therefore be able to
assure you and our residents that the City's accounts are safe and secure. We anticipate that the
review will be completed in 4-6 weeks, with work starting in early January 2017.
If you have any questions, please feel free to contact me.
JLM/aw