Text · page 22 of 44
Read the whole document on one page (all 44 pages, each with its own heading)
This document was a scan. Its text was produced by character recognition and may contain errors; check the original for exact wording.
HAN Aw ZZ DRESCHER & MALECKI LLP 2721 Transit Road, Suite 121 Elma, New York 14059 Telephone: 716.565.2299 '&Drescher Malecki ar Fax: 716.389.5178 Certified Public Accountants May 7, 2026 Honorable Mayor Russ Belscher Village of Springville 5 West Main Street P.O. Box 17 Springville, New York 14141 Dear Mayor Belscher: The following represents our understanding of the services we will provide the Village of Springville, New York (the “Village”). You have requested that we audit the governmental activities, the business-type activity, each major fund and the aggregate remaining fund information of the Village, as of May 31, 2026, and for the year then ended and the related notes to the financial statements, which collectively compromise the Village’s basic financial statements as listed in the table of contents. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter. The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America (“US GAAS”) and in accordance with Government Auditing Standards, issued by the Comptroller General of the United States of America, will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. Accounting principles generally accepted in the United States of America, (“US GAAP”), as promulgated by the Governmental Accounting Standards Board (“GASB”) require that supplementary information, such as management’s discussion and analysis, the schedule of the local government’s proportionate share of the net pension liability/(asset) — retirement systems, the schedule of the local government’s contributions — retirement systems, the schedule of changes in the local government’s total other postemployment benefits liability, and related ratios and certain budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the GASB, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the required supplementary information (“RSI”) in accordance with US GAAS. These limited procedures will consist primarily of inquiries of management regarding their methods of measurement and presentation, and comparing the information for consistency with management’s responses to our inquiries. We will not express an opinion or provide any form of assurance on the RSI.