3/10/1987 - Laserfiche WebLink

Home Browse Search

GENERAL We recognize that, as members of management of the Board of County Commissioners, Indian River County, Florida, we are responsible for the fair presentation of its financial statements. We believe the statements of financial position, results of operations and changes in financial position are fairly presented in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period. We have made available to your representatives all financial records and related data. We have no plans or intentions that may materially affect the carrying value or classification of assets and liabilities. INTERNAL ACCOUNTING CONTROL: There are no material transactions that have not been properly recorded in the accounting records underlying the financial statements. MINUTES AND CONTRACTS: We have made available to you all minutes of the meetings of the Board of County Commissioners of Indian River County, Florida up to and including meetings as of January 8, 1987. We have complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance. OWNERSHIP AND PLEDGING OF ASSETS: Except for properties capitalized under financing leases, the Board has satisfactory title to all assets appearing in the balance sheets. There are no liens on such assets nor has any asset been pledged. All assets to which the Board has satisfactory title appear in the balance sheets. RELATED PARTY TRANSACTIONS: There have been no transactions with related parties, as defined in Statement of Financial Accounting Standards No. 57, or related amounts receivable or payable, including sales, purchases, loans, transfers, leasing arrangements and guarantees. CONTINGENT LIABILITIES: There are no unasserted claims or assessments that are probable of assertion and must be disclosed in accordance with -Statement of Financial Accounting Standards No. 5 other than those disclosed in the financial statements. There have been no violations of laws or regulations in any jurisdiction whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency other than those disclosed or accrued in the financial statements. There have been no communications from regulatory agencies or government representatives concerning investigations or allegations of noncompliance with laws or regulations in any jurisdiction, or deficiencies in financial reporting practices. There are no other material liabilities or gain or loss contingencies that are required to be accrued or disclosed by Statement of Financial Accounting Standards No. 5, nor are there any accruals for loss contingencies included in the balance sheet which are not in conformity with the provisions of Statement of Financial Accounting Standards No. 5. 17 BOOK F FA; 540 MAR 10 1987