2002-04-15 (26)
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TOWN OF WAPPINGER
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April ~1
SUPERVISOR'S OFFICE
20 MIDDLEBUSH ROAD
P.O. BOX 324
WAPPINGERS FALLS. NY 12590.0324
CONSTANCE O. SMITH
SUPERVISOR
TELEPHONE: (914) 297.2744
FAX: (914) 297.4558
Mr. Albert P. Roberts, Esq.
Vergilis, Stenger, Roberts & Pergament
1611 Route 9
Wappingers Falls, New York 12590
Our auditors, Sedore & Company, CPA's, PC, PO. Box 918, Wappinge~alls, NY 12590, are
conducting an audit of our financial statements as of December 31,~and for the year then ended.
Please furnish to them the information requested below involving ~r' 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 of legal consultation or representation.
Pen~ing or Threatened Litigatjon
(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;
b. the progress of the case to date;
c. 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
d. an evaluation of the likelihood of an unfavorable outcome and an estimate, ifone can be
made, of the amount or range of potential loss.
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Unasserted Claims and Assessments
We have represented to our auditors that there are no unasserted possible claims or assessments that
you have advised us are 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. S. Please specifically confirm to
our auditors that our understanding is correct.
Response
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Your response should include matters that existed as of December 31, j900 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, 200I with a specified effective date no earlier than May 15,.266l.
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Other Matters
Please also indicate the amount we were indebted to you for services and expenses on December 31 ,
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Sincerely,
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Constance O. Smith
Supervisor
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