Res 1989-033 - Laserfiche WebLink

Home Browse Search

Peat Marwick Certified Public Accountants Peat Marwick Main &. Co. 1300 One Capitol Square Telephone 512 478 7476 Telecopier 512 320 5390 300 West 15th Street Telex 9102404235 Austin, TX 78701 Independent Auditors' Report The Honorable Mayor and Members of the City Council City of San Marcos, Texas: We have audited the general purpose financial statements of the City of San Marcos, Texas, for the year ended September 30, 1988, and have issued our report thereon dated December 9, 1988. These general purpose financial statements are the responsibility of the City's management. Our responsibil- i ty is to express an opinion on those general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards; the standards for financial and compliance audits contained in the Standards for Audit of Governmental Or~anizations. Pro~rams, Activities, and Functions, issued by the U.S. General Accounting Office; the Single Audit Act of 1984; and the provisions of OMB Circular A-128, Audits of State and Local Governments. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements, whether management has complied with laws and regulations, and whether management has established and maintained a system of internal accounting and administrative controls. An audit in accordance with those standards includes examining, on a test basis, evi- dence supporting the amounts and disclosures in the general purpose finan- cial statements and compliance with laws and regulations. An audit also includes assessing the accounting princip¡es used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. The management of the City of San Marcos, Texas, is also responsible for the City's compliance with laws and regulations. In connection with the audit referred to above, we selected and tested transactions and records that in- cluded, but were not limited to, transactions and records relating to cer- tain nonmajor federal financial assistance programs. The purpose of our testing of transactions and records was to obtain reasonable assurance that the City of San Marcos, Texas, had, in all material respects, administered its nonmajor federal financial assistance programs and executed the tested transactions in compliance with those laws and regulations for which noncom- pliance could have a material effect on the allowabili ty of program expenditures or on the City's general purpose financial statements. Such laws and regulations include those pertaining to federal financial reports and claims for advances and reimbursements. 9 Memoer Firm of KIV"vpld PARt Me'wek Goe'dclw