Cover Page for Jul - Sept 2005 Audit 2

Philip J. LaTessa City Auditor CASH & INVESTMENTS AUDIT July 1 2005 – September 30, 2005 Introduction: As required under Article V, Section 5-503, of the Charter of the City of Syracuse, the annual audit of the City of Syracuse’s cash and cash equivalents activity for the period July 1, 2005 through September 30, 2005 was conducted. The purpose of this audit is to review cash and investment activity as set forth in the City of Syracuse Investment Policy and the City of Syracuse Charter, as adopted by the Common Council. The examination was administered in accordance with the Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States and Standards for the Professional Practice of Internal Auditing, as circulated by the Institute of Internal Auditors. These standards require that we plan and perform the examination to afford a reasonable basis for our judgments and conclusions regarding the organization, program, activity or function under examination. It was not our objective to, and we do not, express an opinion on the financial statements of the City of Syracuse, New York or provide assurance as to either the City’s internal control structure or the extent of its compliance with statutory and regulatory requirements and guidance of the Office of the State Comptroller. The management of the City of Syracuse, New York is responsible for the City’s financial affairs ...