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INDEPENDENT AUDITOR FINANCIAL INTEGRITY REPORT

INDEPENDENT AUDITOR FINANCIAL INTEGRITY REPORT

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Published by: al_crespo on Aug 12, 2013
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11/19/2014

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THEODORE P. GUBA, CPA, CIA, CFEINDEPENDENT AUDITOR GENERALTelephone (305) 416-2044E-Mail: tguba@miamigov.com
OFFICE OF THE INDEPENDENT AUDITOR GENERAL/444 S.W. 2
 ND
AVENUE, SUITE 711/MIAMI, FLORIDA 33130-1910
July 26, 2013Honorable Members of the City CommissionCity of Miami3500 Pan American DriveCoconut Grove, FL 33133-5504Re: Audit of Compliance with the Financial Integrity Principles
 –
Fiscal Year 2012 Audit No. 13-011Executive SummaryWe have completed an audit of 
the City’s compliance with the
Financial Integrity Principles, ascodified and amended in Chapter 18, Article IX, Sections 18-541 and 18-542 of the City Code,primarily for the period October 1, 2011 through September 30, 2012. The audit was performedto determine if the City maintained a structurally balanced budget, developed and adopted shortand long term financial and capital improvement plans, established and maintained adequateinternal control systems, and followed best business practices.Overall, we found that the City did not comply with five of the thirteen Financial IntegrityPrinciples (FIP) as follows:
Requests for grant reimbursements were not made in a timely manner (FIP3
 –
InterfundBorrowing)
Non-Compliance with unassigned reserve requirements (FIP5
 –
Reserve Policies)
The Multi-Year Financial Plan was not created (FIP7
 –
Multi-Year Financial Plan)
The Multi-Year Capital Improvement Plan was not timely approved or adopted and didnot include critical components (FIP8
 –
Multi-Year Capital Improvement Plan)
Reporting and oversight requirements were not met (FIP10
 –
Financial Oversight andReporting)These and other findings are included on pages three through ten of the report.It should be noted that the results of this audit demonstrate substantial improvement since the
previous “Audit of Compliance
with the Financial Integrity Principles
 –
Fiscal
Year 2011”
(AuditNo. 13-005) found that the City did not comply with eight of the Financial Integrity Principles.We wish to express our appreciation for the cooperation and courtesies extended to us by theCity management and staff while conducting the audit.
 
 
OFFICE OF THE INDEPENDENT AUDITOR GENERAL/444 S.W. 2
 ND
AVENUE, SUITE 711/MIAMI, FLORIDA 33130-1910
Sincerely,Theodore P. Guba, CPA, CIA, CFEIndependent Auditor GeneralOffice of the Independent Auditor GeneralC: The Honorable Mayor Tomas RegaladoJohnny Martinez, City Manager Julie O. Bru, City AttorneyTodd Hannon, City Clerk Alice Bravo, Assistant City Manager/Chief of InfrastructureLuis Cabrera, Assistant City Manager/Chief OperationsDaniel J. Alfonso, Assistant City Manager/Chief Financial Officer Manuel Orosa, Police Chief, Police DepartmentMaurice Kemp, Fire Chief, Fire-Rescue DepartmentJose M. Fernandez, CPA, Director, Finance DepartmentConrad C. Cross, Chief Information Officer Mark Spanioli, Director, Capital Improvements ProgramKenneth Robertson, Director, Purchasing DepartmentJuan Pascual, Interim Director, Parks and Recreation DepartmentJoseph, Zahralban, Assistant Fire Chief Members of the Audit Advisory Committee Audit Documentation File Audit conducted by: Scarlette Barrios, Staff Auditor  Audit reviewed by: Lewis Blake, CPA, CIA, Audit Manager Karuna Khilnani, CPA, CISA, Senior Staff Auditor 
 
 
OFFICE OF THE INDEPENDENT AUDITOR GENERAL/444 S.W. 2
 ND
AVENUE, SUITE 711/MIAMI, FLORIDA 33130-1910
AUDIT OF COMPLIANCE WITH THE FINANCIAL INTEGRITYPRINCIPLES
 –
FISCAL YEAR 2012OCTOBER 1, 2011 THROUGH SEPTEMBER 30, 2012Audit No. 13-011TABLE OF CONTENTS

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