CCMtg03-02-92WSMinPresent: Mayor Adrienne P rry
Clanci tt ith
aul L estrand
red Pearl
~aias'~r itv A etrator
Geri 2ambiv, City Clerknv
Absent: Deputy Mayor R Anderson
Becky Vose, City A ney
1. MaYOr Perry called the Work Sessvon to ordee at 6.JD P.M.
2. MC DIRMIT, DAMS, LAVTERIA 6 COMPANY
Mi. Terry in roduced Mr. Elden Mc Dirmit and Ms. Ice11y Leary,
the firm of M mit, D auteria 6 ompa ny. rry
aid all nave been provided copies oP the Audit Report and he asked
that tneY summarize the high points of the report.
Me. Mc Dirmit first r wed their opin i.on Letter a
this w a qualified op in ion ie because of the accounting foe sthe
/n fixed a aid s t a note r prior
r ory of sf fixed ca so done s
cneroniyd tni~g i
aid i hopeful t vthey c n giveathe C ty a unqualifi ede opini on
next year and he then g e an overvvew of the Audit Report.
identified sections t clarify budget a
outlined a s that n adjustment and nighliyhted a mof
internal control structure and oper referred t etheir
ompliance report i th laws and regulations for the pity of
Longwood, a hey d Sider there w any m erial
weaknesses, ewith vthe exception ofc the g neral fixede assets.
aid they n ted mere w a physical i entory
takenM but soTrshes actual of the
aid mere we iai
ould helputi improving the internal c rolrb
otning maj ort report o isposition
f prior year's c takenn are of to their satisfaction
except for the fvxedeassets.
nnen c
t yearD's budget. aidd he w sdpleasedm to asay nihat t
generai purposu nd~nanc ia~ statements Pt e def only f~n a17 matewial
espects, the financial position of h ity as o September 3
oPereti on sCe ~d cash Ifoe s, of v
proprietary h sLYPe foci it itY ith
generally accepted accownttng principles. 1
' e the C i n did not at the present time Cer any
questions, Mr. M mit asked that they please call him a they
have reviewed The Audit with any questions they may have.
~. The meeting adjourned at 6.55 P.///.
I/~ vV L 9a
MAYOR, CITY OF LJNGWO~ LORI DA
i
Ctty 'Clerk'.
1