2001 Comprehensive Annual Financial Report

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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • r~r '°~, STATE ~~ IN ~~ ~: :, ANA , : ;~~~ ~_ __ ;Ni ~) i `•. ? ~ ..:.. '~ ~~~ ~ ~ .,:~~r' AN EQUAL OPPORTUNITY EMPLOYER ,; ~~.... ~a~~ :f~ ~ STATE BOARD OF ACCOUNTS 302 WEST WASHINGTON STRE ET 4TH FLOOR, ROOM E41 S INDIANAPOLIS, INI}IANA 46204 2765 Telephone: X317} 232-2513 Fay: (317) 232-4711 Web Site: www,state.in.uslsboa INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND GN INTERNAL CONTROL OVER FINANCIAL REPORTfNG BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS TO. THE OFFICIALS OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA We have audited the financial statements of the City of South Bend, as of and for the year ended December 31, 2001, and have issued our report thereon dated April 29, 2042. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits con- tained in Government Auditin.g Standards, issued by the Comptroller General of the United States. Com fiance As part of obtaining reasonable assurance about whether the City of South Bend's financial state- mentsare free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provi- sionswas not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Audit- ing Standards. In#ernal Control Qver Financial Re ortin In planning and performing our audit, we considered the City of South Bend's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting, Our con- sideration ofthe internal control over financial reporting would not necessarily disclose all matters in the inter- nalcontrol over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course vfper- formingtheir assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended solely forthe information and use of the City's management and federal award- ingagencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. In accordance with Indiana Code 5-11-5-1 this report is a part of the public records of the State Board of Accounts and of the office examined. STATE BOARD OF ACCOUNTS April 29, 2002