R94-26 AUTHORIZING AGREEMENT GEO. S. OLIVE & COMPANY

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i � � O GEO.S.OLIVE � CO. CERTiFIED PUBLIC ACCOUNTANTS CENTRAL ILLINOIS PRACTICE TRADE CENTRE SOUTH 240 NORTH CHURCH STREET '100 TRADE CENTRE DRIVE, SUITE 403 P.O. BOX 2534 CHAMPAIGN, IL 61820 DECATUR, IL 62525-2534 (217) 355-0866 (2'17)429-24'I 1 FAX: (2'17J 355-9B49 FAX: (217)429-6'i09 March 18, 1994 Mr. James C. Bacon, Jr. City Manager The City of Decatur One Gary K. Anderson Plaza Decatur, Illinois 62523 This letter explains our understanding of the arrangements for the professionat services that we are to perform for The City of Decatur as of April 30, 1994, and for the year then ended. AUDIT SERVICES We will audit the general purpose financial statements of The City of Decatur as of and for the year ended April 30, 1994. Our audit will be a Single Audit conducted in accordance with generally accepted auditing standards; the standards for financial audits contained in Go►�emnient Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act of 1984; and the provisions of OMB Circular A-128,Audits nf State and Local Governnients, and will include tests of your accounting records and other procedures we consider necessary to enable us to express an unqualified opinion that your financial statements are fairly presented, in all material res�ects, in conformity with generally accepted accounting principles and to report on the Schedule of Federal Financial Assistance and The City of Decatur's compliance with laws and regulations and internal controls as required for a Single Audit. If our opinion is other than unqualificd, we will fully discuss the reasons with you in advance. If for any reason we are unable to complete the audit, we will not issue a report as a result of this engagement. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected funding sources, creditors, and banks. 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 conclu- sion of our audit, we will also request ccrtain written representations from you about the financial statements and related matters. PRACTICE OFFICES LOCATED IN INDIANA AND ILLINOIS MEMBER OF THE AMERICAN GROUP OF CPA FIRMS WffH OFFICES IN PRINCIPAL U.S.CITIES MEMBER OF MOORES ROWLAND INTERNATIONAL