R91-118RESOLUTION NO. R91-//8
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
ACCEPTING THE PROPOSAL LETTER FROM ERNST
AND YOUNG DATED JULY 5, 1991, TO PERFORM
THE FINANCIAL AUDIT FOR THE CITY OF
BOYNTON BEACH FOR THE FISCAL YEAR
1990/91; A COPY OF SAID PROPOSAL LETTER
IS ATTACHED HERETO AS EXHIBIT "A"; AND
PROVIDING AN EFFECTIVE DATE.
~ WHEREAS, the City Commission of the City of Boynton
each has determined that it is in the best interest of the
~ity to retain the services of Ernst and Young to perform
he financial audit for the fiscal year 1990/91;
NOW, THEREFORE, BE IT RESOLVED BY THE CItY CONMISSION
F THE C1T¥ OF BOYNTON BEACH, FLORIDA THAT:
Section 1. The City Commission of the City of
~oynton Beach hereby accepts the proposal letter from Ernst
·nd Young, dated July 5, 1991, to perform the financial
~udit for the City of Boynton Beach for the fiscal year
1990/91, which proposal letter is attached hereto as Exhibit
Section 2. This Resolution shall take
immediately upon passage.
PASSED AND ADOPTED this /~ day of July, 1991.
effect
CITY OF BOYNTON BEACH, FLORIDA
Mayor
Vice Ma~or
~.TTEST:
Clerk
er
Corporate Seal
~L~qD~.~RE S
ERNST& YOUNG
July 5, 1991
· Certified Public Accountants
Phi]lips Point, West Tower
Suite 1200
777 S. F ag]er Drive
West Palm Beach. Florida 33401
· Phone: 407 655 8500
Fax: 407 835 9563
Mr. J. Scott Miller, City Manager
City of BoyntonBeach
120 Boynton Beach Boulevard
Boynton Beach, Florida 33435
Dear Mr. Miller:
This letter is to confirm the nature and extent of our services to the
City of Boynton Beach, Florida for the year ending September 30, 1991.
We w~ll audit the general purpose financial statements of the City of
Boynton Beach, Florida for the fiscal year ending September 30, 1991.
Our audit WTll be in accordance with generally accepted auditing stan-
dards, and will include such tests of the accounting records and such
other auditing procedures as we consider necessary to reader an oplniou
on the fairness of your general purpose financial statements.
We do not centemplate a detailed audit of all tr~-mactions or expect that
we will necessarily dissever fraud~ should any exist. We will, however,
inform you of any findings that appear unusual or abnormal.
Our fees for the aforementioned audit will be based os our normal hourly
rates and will be b/.~led as the work progresses. We est~nate the
total charges wtll not the amounts for variods funds as outlined
in the following schedule:
General Fund (including general fixed assets and geaeral
long-term debt group of accounts] ~ 22,500
Water and Sewer Fund 21,500
Debt service funds 1,100
Local Option Gas Tax Fund 500
Special Tax Levy-Publiclty Fund 400
Reserve for Parks and Recreation Facilities Fund 400
Community Redeyelopmeat Fund 900
Utility Service Tax Fund 1,300
Building Improvemeat Fund 3,000
~ecreationaland Huo/cipal Beach Improvement Fund 500
Boynton Beach Recraational Facilities Fund (Golf Course) 2,000
Sanitation Fund 1,100
Vehicle Service Fund 800
Self-Insurance Fund 3,600
Warehouse Fund 800
Retiremeat Trust Fund 3,250
Police Pension Fund 3,100
Fireman PeaslonFund 3,100
Boyuton Beaah Mamorial Park Fend 900
Miscellaneous Trust Fund 800
Deferred Compeasatlon Agency Fund 400
71,950
Page 2
Mr. J. Scott Miller
July 5, 1991
Total fees for fiscal 1991 are only ~2,050 higher than last year. The
total fee increase is represented by additional work anticipated in the
Water and Sewer Fund for the new bond issue (~1,700), the General
Employees Retirement Trust Fund for the change in trustees (~150), and
the Miscellaneous Trust Funds for the addition of funds (~200). The fees
for all other funds have remained the same.
However, it should be recognized that these fees are contingent upon the
ability of your staff to prevtde us with the necessary assistance. We
anticipate beginning our f~eld WOrk on December 9, 1991, at which time we
will anticipate that all funds have been elosed out, all workpapers pre-
pared and the general purpose financial statements drafted. In the event
that we are unable to receive the required assistance from your staff, we
will discuss the situatiom end.the ~dditional costs with you before pro-
ceedin~. In additiiom, if any new fu~de areadded during the year, we will
discugs the fee for such f~nds prior to beginnin~ our field work.
In addition, we will also perform the legal compliance testing required by
the Rules of the Auditor General and prepare the related reports for the
fee of $4,000. After reviewing the City's grants for 1991, we will issue
a separate engagement letter far any work relating to the Single Audit
Act.
As in prior years, we will continue to provide, at no charge, tax advice
on routine matters of concern to the City such as the record-keeping
requirements and tax treatment for City vehicles provided to employees,
payroll tax advice and other similar type assistance. ~my other account-
ing and consulting services as may be requested from time to time will be
provided at our normal hourly rates. We ~will provide you with aa estimate
of our fees for a particular service at the time it is requested.
If the foregoing meets with your approval, please sign the enclosed copy
of this letter and return it to us for our files.
Very truly yours,
Paul C. Bremer
Managing Partner
?CB:le
Enclosures
APPROVED
By,'
Arl_lne ~e±ner, YJ. ayor