2002-04-15 (15)
'-fOWN OF WAPPINGBwt
SUPERVISOR
JOSEPH RUGGIERO
TOWN COUNCIL
VINCENT BETTINA
CHRISTOPHER J. COLSEY
JOSEPH P. PAOLONI
ROBERT L. VALDATI
SUPERVISOR'S OFFICE
20 MIDDLEBUSH ROAD
WAPPINGERS FALLS, NY 12590-0324
(845) 297-2744
FAX: (845) 297-4558
April 15, 2002
Mr. Albert P. Roberts, Esq.
Vergilis, Stenger, Roberts, Pergament and Viglotti
1611 Route 9
Wappingers Falls, New York 12590
Our auditors, Sedore & Company, CPA's, PC, P O. Box 918, Wappingers Falls, NY
12590, are conducting an audit of our financial statements as of December 31,2001 and
for the year then ended. Please furnish to them the information requested below
involving matters as to which you have been engaged and to which you have devoted
substantive attention on behalf of the Town of Wappinger in the form oflegal
consultation or representation.
Pending or Threatened Litigation
(excluding unasserted claims and assessments)
Please furnish our auditors a description of all material pending or threatened litigation,
claims, and assessments (excluding unasserted claims and assessments), including Civil
Rights cases. Materiality for purposes of this letter includes items involving amounts
exceeding $20,000 individually or in the aggregate. The description of each case should
include:
a. the nature of the litigation;
!L the progress of the case to date;
.~ how management of the Town of Wappinger is responding or intends to
respond to the litigation; e.g. to contest the case vigorously or to seek an out-
of-court settlement; and
~ an evaluation of the likelihood of an unfavorable outcome and an estimate, if
one can be made, of the amount or range of potential loss.
'-'
.,
Unasserted Claims and Assessments
We have represented to our auditors that there are no unasserted possible claims or
assessments that you have advised us arc probable of assertion and must be disclosed in
accordance with Statement of Financial Accounting Standards No.5 (excerpts of which
can be found in the ABA's Auditor's Letter Handbook).
We understand that whenever, in the course of performing legal services for us with
respect to a matter recognized to involve an unasserted possible claim or assessment that
may call for financial statement disclosure, you have formed a professional conclusion
that we should disclose or consider disclosure concerning such possible claim or
assessment as a matter of professional responsibility to us and will consult with us
concerning the question of such disclosure and the applicable requirements of Statement
of Financial Accounting Standards No.5. Please specifically confirm to our auditors that
our understanding is correct.
Response
Your response should include matters that existed as of December 31,2001 and during
the period from that date to the effective date of your response.
Please specifically identify the nature of, and reasons for, any limitations on your
response.
Our auditors expect to do the audit field work during May. We would appreciate
receiving your reply by June 1,2002 with a specified effective date no earlier than May
15,2002.
Other Matters
Please also indicate the amount we were indebted to you for services and expenses on
December 3 1, 2001.
Sincerely,
~/~~~
U Jose~h Ruggiero, Supervisor
Town of Wappinger
JR:gb