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R2000-093 08-28-00RESOLUTION NO. R2000-93 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO A CONTRACT WITH NULL-LAIRSON, P.C. FOR THE CITY'S FISCAL YEAR 2000 FINANCIAL AUDIT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain contract by and between the City of Pearland and Null-Lairson, P.C., a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby authorized and approved. Section 2. That the City Manager or his designee is hereby authorized to execute and the City Secretary to attest a contract with Null-Lairson, P.C., for the City's Fiscal Year 2000 Financial Audit. PASSED, APPROVED and ADOPTED this the 28thday of August A.D., 2000. ATTEST: APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY TOM REID MAYOR NuIIiLairson (IR 11111)1 11311CA000(Ih1,A\IS HMI LSSIO\AI CORPORATION' July 25, 2000 To the Honorable Mayor, City Council and Management City of Pearland, Texas We are pleased to confirm our understanding of the services we are to provide for the City of Pearland Texas (the "City") for the year ending September 30, 2000. We will audit the City's general-purpose financial statements as of and for the year ended September 30, 2000. The general- purpose financial statements being audited will be included in the City's Comprehensive Annual Financial Report (CAFR). Our audit opinion will cover the financial information to be included in the financial section of the City's CAFR as well as the Schedule of Expenditures of Federal Awards (and State Awards, if applicable) included in the City's supplemental Single Audit Report(s). The CAFR and supplemental Single Audit Report(s) will be prepared, with our assistance, by the City's finance staff. The CAFR will be submitted to the GFOA for purposes of receiving a certificate of recognition for reporting excellence. All provisions of this agreement referring to the `auditors' report(s)", "opinion(s)" or "report(s)" include our reports applicable to both the CAFR's financial section and the supplemental Single Audit Report(s). Also, all provisions of this agreement referring to the City's "financial statements" include both the CAFR and the supplemental Single Audit Report(s). The CAFR's financial section will also include required supplementary information on pension plan funding progress that will not be subject to the auditing procedures applied in our audit of the general purpose financial statements, and for which our auditors' report will disclaim an opinion. Audit Objectives The objective of our audit is the expression of an opinion as to whether your general purpose financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles and to report on the fairness of the additional information referred to in the first paragraph when considered in relation to the general purpose financial statements taken as a whole. The objective also includes reporting on - Internal control related to the financial statements and compliance with laws, regulations, and the provisions of contracts or grant agreements, noncompliance with which could have a material effect on the financial statements in accordance with Government Auditing Standar ds. Internal control related to major programs and an opinion (or disclaimer of opinion) on compliance with laws, regulations and the provisions of contracts or grant agreements that could have a direct and material effect on each major program in accordance with the Single Audit Act Amendments of 1996 and OMB Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations. I I Ureemva)• Plaza, Suite I i15 Houston, TX 770.16 • (7 13) 6 1-1315 • I'ax: (7I3) (,'I-1570 One Sugar Creek (;enter Blvd., Suite 920 Su),ar Land, TX 178 • (281)212-8600 • I, x: (281) 2 I -7333 V . IuI:uS: ANII RICAN INS] 'ITCfl--�,� ll, CPA ASSOCLVFI S NiII:N.AI r y.A: 1111UPlat it \l iA1l\ ���;.li. �.�: uA71.11 1 I,R\1\\'�.. c.,c r n!,u(n: n:i)oI.FIcr., 1A riw.a5.u.i ,_,An A I.N,,. r.,,�,.i r��,!,, To the Honorable Mayor, City Council and Management City of Pearland, Texas July 25, 2000 Page 2 Audit Objectives (continued) Internal control related to major programs and an opinion (or disclaimer of opinion) on compliance w'th laws, regulations, and the provisions of contracts or grant agreements that could have a direct and material effect on each major program in accordance with Uniform Grant Management Standards of the State of Texas and the state single audit circular (UGMS), if applicable. The reports on internal control and compliance will each include a statement that the report is intended for the information and use of the Mayor and City Council, management, specific legislative or regulatory bodies, federal awarding agencies, and if applicable, pass -through entities. Our audit will be conducted in accordance with generally accepted auditing standards; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act Amendments of 1996; the provisions of OMB Circular A-133, and UGMS (if applicable), and will include tests of accounting records, a determination of major program(s) in accordance with Circular A-133 and UGMS (if applicable), and other procedures we consider necessary to enable us to express such an opinion and to render the required reports If our opinion on the general purpose financial statements or the Single Audit compliance opinion(s) is other than unqualified we will fully discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or to issue a report as a result of this engagement. Management Responsibilities Management is responsible for establishing and maintaining internal control and for compliance with the provisions of contracts, agreements and grants. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of the controls. The objectives of internal control are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorizations and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles, and that federal and state award programs are managed in compliance with applicable laws and regulations and the provisions of contracts and grant agreements. To the honorable Mayor, City Council and Management City of Pearland, Texas July 25, 2000 Page 3 Management Responsibilities (continued) Management is responsible for making all financial records and related information available to us. We understand that you will provide us with such information required for our audit and that you are responsible for the accuracy and completeness of that information. We will advise you about appropriate accounting principles and their application and will assist in the preparation of your financial statements, including the schedule of expenditures of federal and .state awards, but the responsibility for the financial statements remains with you. That responsibility includes the establishment and maintenance of adequate records and effective internal control over financial reporting and compliance, the selection and application of accounting principles, and the safeguarding of assets Additionally, as required by OMB Circular A-133 and UGMS, it is management's responsibility to follow up and take corrective action on reported audit findings and to prepare a summary schedule of prior audit findings and a corrective action plan. The summary schedule of prior audit findings should be available for our review at the outset of our work. Audit Procedures General An audit includes examining, on a test basis evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud As required by the Single Audit Act Amendments of 1996, OMB Circular A-133 and UGMS, our audit will include test of transactions related to major federal and state award programs for compliance with applicable laws and regulations and the provisions of contracts and grant agreements. Because an audit is designed to provide reasonable, but not absolute assurance and because we will not perform a detailed examination of all transactions there is a risk that material errors, fraud other illegal acts, or noncompliance may exist and not be detected by us. In addition, an audit is not designed to detect immaterial errors, fraud, or other illegal acts or illegal acts that do not have a direct effect on the general purpose financial statements or to major programs. However, we will inform you of any material errors and any fraud that comes to our attention. We will also inform you of any other illegal acts that come to our attention, unless clearly inconsequential. We will include such matters in the reports required for a Single Audit. Our responsibility as auditors is limited to the period covered by our audit and does not extend to matters that might arise during any later periods for which we are not engaged as auditors. To the Honorable Mayor, City Council and Management City of Pearland, Texas July 25, 2000 Page 4 Audit Procedures -General (continued) Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will also require certain written representations from you about the financial statements and related matters. Audit Procedures -Internal Controls In planning and performing our audit, we will consider the internal control sufficient to plan the audit in order to determine the nature, timing, and extent of our auditing procedures for the purpose of expressing our opinions on the City s general purpose financial statements and on its compliance with requirements applicable to major programs. We will obtain an understanding of the design of the relevant controls and whether they have been placed in operation, and we will assess control risk. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the general purpose financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the general purpose financial statements. Tests of controls relative to the general purpose financial statements are required only if control risk is assessed below the maximum level. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards. As required by OMB Circular A-133and UGMS, we will perform tests of controls to evaluate the effectiveness of the design and operation of controls that we consider relevant to preventing or detecting material noncompliance with compliance requirements, applicable to each major federal and state award program. However, our tests will be less in scope than would be necessary to render an opinion on those controls and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to OMB Circular A-133 and UGMS To the Honorable Mayor, City Council and Management City of Pearland, Texas July 25, 2000 Page 5 Audit Procedures -Internal Controls (continued) An audit is not designed to provide assurance on internal control or to identify reportable conditions. However, we will inform you of any matters involving internal control and its operation that we consider to be reportable conditions under standards established by the American Institute of Certified Public Accountants. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or operation of the internal control that in our judgment, could adversely affect the entity's ability to record, process, summarize, and report financial data consistent with the assertions of management in the general purpose financial statements. We will also inform you of any nonreportable conditions or other matters involving internal control, if any, as required by OMB Circular A-133 and UGMS Audit Procedures -Compliance Our audit will be conducted in accordance with the standards referred to in the section titled Audit Objectives. As part of obtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we will perform tests of the City's compliance with applicable laws and regulations and the provisions of contracts and agreements, including grant agreements. However, the objective of those procedures will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards. OMB Circular A-133 and UGMS require that we also plan and perform the audit to obtain reasonable assurance about whether the auditee has complied with applicable laws and regulations and the provisions of contracts and grant agreements applicable to major programs Our procedures will consist of the applicable procedures described in the OMB Circular A-133 Compliance Supplement and other applicable resources for the types of compliance requirements that could have a direct and material effect of each of the City's major programs. The purpose of those procedures will be to express an opinion on the City's compliance with requirements applicable to major programs in our report on compliance issued pursuant to OMB Circular A-133 and UGMS Audit Administration, Fees, and Other We understand that your employees will prepare aii cash, accounts receivable, or other confirmations we request, will locate any invoices selected by us for testing and will generally assist us as needed during the course of our audit. At the conclusion of the engagement, we will complete the appropriate sections of and sign the Data Collection Form that summarizes our audit findings. We will provide copies of our reports to the To the Honorable Mayor, City Council and Management City of Pearland, Texas July 25, 2000 Page 6 Audit Administration, Fees, and Other (continued) City, however, it is management's responsibility to submit the reporting package (including financial statements, schedule of expenditures of federal awards, summary schedule of prior audit findings, auditors reports, and a corrective action plan) along with the Data Collection Form to the designated federal clearinghouse and, if appropriate, to pass -through entities. The Data Collection Form and the reporting package must be submitted within the earlier of 30 days after receipt of the auditors' reports or nine months after the end of the audit period, unless a longer period is agreed to in advance by the cognizant or oversight agency for audits. At the conclusion of the engagement, we will provide information to management as to where the reporting packages should be submitted and the number to submit. The workpapers for this engagement are the property of Null-Lairson, P.C. and constitute confidential information. However, we may be requested to make certain workpapers available to appropriate governmental regulatory agencies pursuant to authonty given to it by law or regulation. If requested, access to such workpapers will be provided under the supervision of Null-Lairson, P.C. personnel. Furthermore, upon request, we may provide photocopies of selected workpapers to appropriate governmental regulatory agencies. These agencies may intend, or decide, to distribute the photocopies or information contained therein to others, including other governmental agencies. The workpapers for this engagement will be retained for a minimum of three years after the date the auditors' report is issued or for any additional period requested by an appropriate governmental regulatory agency If we are aware that a federal or state awarding agency, pass -through entity, or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the workpapers. We expect to begin our audit and to issue our reports in accordance with time frames acceptable to the City's management as determined at the outset of our work. Our fees for these services will be at our standard hourly rates plus out-of-pocket costs (such as report reproduction, typing, postage, travel, copies, telephone, etc.). We estimate that our total fees for the services described in this letter will not exceed $37,500. These estimated fees are based on an anticipated total commitment of approximately 460 professional hours by our firm members in performing the necessary work. Our standard hourly rates vary according to the degree of responsibility involved and the experience level of the personnel assigned to your audit. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. The estimated fees shown above are based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant 1 o the tionorabne mayor, City Council and Management City of Pearland, Texas July 2.5, 2000 Page 7 Audit Administration, Fees, and Other (continued) additional time is necessary, we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. Y ou may request that we perform additional services not contempiateu oy tnis engagement letter it this occurs, we will communicate with you regarding the scope of the additional services and the estimated fees. We also may issue a separate engagement letter covering the additional services. In the absence of any other written communication from us documenting such additional services. our services will continue to be governed by the terms of this engagement letter. Government Auditing Standards require that we provide you with a copy or our most recent quality control review report. Our 1998 peer review report accompanies this letter. We appreciate the opportunity to be of service to the City of Pearland, Texas and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. This letter will continue in effect until canceled by either party. Sincerely, a kikr c., frw w Null-Lairson, P.C. RESPONSE• This letter correctly sets forth the understanding of the City of Pearland, Texas. By: Printed Name. Title: Date: Nu /AYL 1ALairson CERTIFIED PUBLIC ACCOUNTANTS PROFESSIONAL CORPORATION July 25, 2000 Mr. Jim Causey Director of Finance City of Pearland 3 519 Liberty Drive Pearland, TX 77581 Dear Jim: Enclosed is the engagement letter for the next year as we discussed recently. We have also forwarded you our most recent external peer review report as required by Government Auditing Standards. There are two copies of the engagement letter, one for the City's records and one to return to us. Both should be signed to evidence approval. As discussed, we are attempting this year to estimate a fee level consistent with previously discussed City staff involvement. We anticipate reviewing our progress in achieving the reduction in our time and discussing any projected variances from our hourly commitment level of approximately 460 hours as the engagement progresses. We look forward to continuing our work with the you, your staff, the City Manager, other administrative staff members and Mayor and Council in the upcoming year. We appreciate having the City of Pearland as a client of our firm and are glad to be of service in whatever way we can. Please call us at any time with additional questions or concerns regarding the audit or related matters. Enclosures Sincerely, Null-Lairson, P.C. 40P, CIS Charles G. Yaple, CPA Principal — Governmental Services 11 Greenway Plaza, Suite 1515 • Houston, TX 77046 • (713) 621-1515 • Fax: (713) 621-1570 One Sugar Creek Center Blvd., Suite 920 • Sugar Land, TX 77478 • (281) 242-8600 • Fax: (281) 242-7333 MEMBERS: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, CPA ASSOCIATES INTERNATIONAL, INC. WITH ASSOCIATED OFFICES IN PRINCIPAL U.S. AND INTERNATIONAL CITIES June 9, 1999 To the Shareholders Null - Lairson, P.C. We have reviewed the system of quality control for the accounting and auditing practice of Null - Lairson, P.C. (the firm) in effect for the year ended December 31, 1998. A system of quality control encompasses the firm's organizational structure and the policies adopted and procedures established to provide it with reasonable assurance of complying with professional standards. The elements of quality control are described in the Statements on Quality Control Standards issued by the American Institute of Certified Public Accountants (the "AICPA"). The design of the system, and compliance with it, are the responsibilities of the firm. In addition, the firm has agreed to comply with the membership requirements of the SEC Practice Section of the AICPA Division for CPA Firms (the Section). Our responsibility is to express an opinion on the design of the system, and the firm's compliance with that system and the Section's membership requirements based on our review Our review was conducted in accordance with standards established by the Peer Review Committee of the Section. In performing our review, we obtained an understanding of the system of quality control for the firm's accounting and auditing practice. In addition, we tested compliance with the firm's quality control policies and procedures and with the membership requirements of the Section to the extent we considered appropriate. These tests covered the application of the firm's policies and procedures on selected engagements Because our review was based on selective tests, it would not necessarily disclose all weaknesses in the system of quality control or all instances of lack of compliance with it or with the membership requirements of the Section. As is customary in a peer review, we are issuing a letter under this date that sets forth comments relating to certain policies and procedures or compliance with them These matters were not considered to be of sufficient significance to affect the opinion expressed in this report. Because there are inherent limitations in the effectiveness of any system of quality control, departures from the system may occur and not be detected. Also, projection of any evaluation of a system of quality control to future periods is subject to the risk that the system of quality control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion, the system of quality control for the accounting and auditing practice of Null - Lairson, P.C. in effect for the year ended December 31, 1998, has been designed to meet the requirements of the quality control standards for an accounting and auditing practice established by the AICPA, and was complied with during the year then ended to provide the firm with reasonable assurance of complying with professional standards. Also, in our opinion, the firm has complied with the membership requirements of the Section in all material respects. Lisa L. O'Dell, CPA Team Captain CPA Associates International, Inc. Meadows Office Complex, 301 Route 17 North, Rutherford, N.J. 07070 Tel: 201-804-8686 Fax 201 804-9222 E-mail: homeofflce@cpaai.com