Gentlemen: September 20, 2013
We have audited the accompanying general purpose financial statements of the Village of Nyack as of and for the year ended May 31,2013. These general purpose financial statements are the responsibility of the Village of Nyack’s management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standard applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles 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 opinion.
The scope of our audit was limited by the fact that we did not verifY the accuracy of the general fund fixed assets by physical inspection, nor were we able to confirm the balances due from other local governments.
As the Village of Nyack did not obtain detailed valuation and accumulated depreciation totals on its infrastructure assets, we are unable to meet the reporting requirements ofG.A.S.B. 34
Management discussion and analysis are not a required part of the basic financial statements but is supplementary information required by accounting principles generally accepted in the united States of America.
In our opinion, except for the significant fact that we were unable to obtain the necessary fixed asset information as mandated by G.A.S.B. 34, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the Village of Nyack as at May 31, 2013 and the results of its operation and cashflows of its propriety fund types for the year then ended.
Our audit was conducted for the purpose of forming opinions on the financialstatements that collectively comprise the Village of Nyack, New York’s basic fmancial statements. The accompanying fmancial information listed as combining and individual fund financial statements and schedules in the table of contents is presented for purposes of additional analysis and is not a required part of the basic financial statements of the Village of Nyack, New York. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects to the basic financial statements taken as a whole.
Neil T. O’Sullivan Certified Public Accountant