HomeMy WebLinkAboutCopy of Communication with Those Charged with Governance 2015.pdfCORTLAND ITHACA WATKINS GLEN
John H. Dietershagen, C.P.A.
Jerry E. Mickelson, C.P.A.
Thomas K. Van Derzee, C.P.A.
Debbie Conley Jordan, C.P.A.
Patrick S. Jordan, C.P.A.
Duane R. Shoen, C.P.A.
Lesley L. Horner, C.P.A.
D. Leslie Spurgin, C.P.A
Frederick J. Ciaschi, C.P.A.
Certified Public Accountants and Consultants
Ciaschi Dietershagen Little Mickelson
& Company, LLP
39 Church Street
Cortland, New York 13045
607-753-7439
fax 607-753-7874
2 North Franklin Street Suite 330
Watkins Glen, New York 14891
607-535-4443
fax 607-535-6220
401 East State Street ~ Suite 500
Ithaca, New York 14850
607-272-4444
fax 607-273-8372
www.cdlm.com
Mayor and Village Trustees
Village of Cayuga Heights
Ithaca, New York
We are engaged to audit the financial statements of the governmental activities, each major fund, and the
aggregate remaining fund information of the Village of Cayuga Heights (the Village) for the year ended May
31, 2015. Professional standards require that we provide you with the following information related to our
audit.
Our Responsibility under U.S. Generally Accepted Auditing Standards
As stated in our engagement letter dated September 14, 2015, our responsibility, as described by
professional standards, is to express an opinion about whether the financial statements prepared by
management with your oversight are fairly presented, in all material respects, in conformity with U.S.
generally accepted accounting principles. Our audit of the financial statements does not relieve you or
management of your responsibilities.
Generally accepted accounting principles provide for certain required supplementary information (RSI) to
supplement the basic financial statements. Our responsibility with respect to the Management’s Discussion
and Analysis, budgetary comparison schedules and the Schedule of Funding Progress, which supplement
the basic financial statements, is to apply certain limited procedures in accordance with generally accepted
auditing standards. However, the RSI will not be audited and, because the limited procedures do not provide
us with sufficient evidence to express an opinion or provide any assurance, we will not express an opinion or
provide any assurance on the RSI.
Planned Scope and Timing of the Audit
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; therefore, our audit will involve judgment about the number of transactions to be
examined and the areas to be tested.
Our audit will include obtaining an understanding of the entity and its environment, including internal control,
sufficient to assess the risks of material misstatement of the financial statements and to design the nature,
timing, and extent of further audit procedures. Material misstatements may result from (1) errors, (2)
fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental
regulations that are attributable to the entity or to acts by management or employees acting on behalf of the
entity. We will generally communicate our significant findings at the conclusion of the audit. However, some
matters could be communicated sooner, particularly if significant difficulties are encountered during the audit
where assistance is needed to overcome the difficulties or if the difficulties may lead to a modified opinion.
We will also communicate any internal control related matters that are required to be communicated under
professional standards.
We expect to begin our audit on approximately September 14, 2015 and issue our report on approximately
November 30, 2015.
This information is intended solely for the use of the Mayor, Village Trustees and management of the Village
of Cayuga Heights and is not intended to be and should not be used by anyone other than these specified
parties.
Ciaschi, Dietershagen, Little, Mickelson & Co., LLP
Ithaca, NY
DRS/clm
September 11, 2015