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INDEPENDENT AUDITORS ' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Honorable Mayor and Members of the City Council City of Port St . Lucie Community Redevelopment Agency
We have audited , in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States , the financial statements of the City of Port St . Lucie Community Redevelopment Agency , as of and for the year ended September 30 , 2021 , and the related notes to the financial statements , which collectively comprise the City of Port St . Lucie Community Redevelopment Agency ’ s basic financial statements , and have issued our report thereon dated June 20 , 2022 .
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements , we considered the City of Port St . Lucie Community Redevelopment Agency ’ s internal control over financial reporting ( internal control ) as a basis for designing the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements , but not for the purpose of expressing an opinion on the effectiveness of the City of Port St . Lucie Community Redevelopment Agency ’ s internal control . Accordingly , we do not express an opinion on the effectiveness of the City of Port St . Lucie Community Redevelopment Agency ‘ s internal control .
A deficiency in internal control exists when the design or operation of a control does not allow management or employees , in the normal course of performing their assigned functions , to prevent , or detect and correct misstatements on a timely basis . A material weakness is a deficiency , or a combination of deficiencies , in internal control , such that there is a reasonable possibility that a material misstatement of the entity ’ s financial statements will not be prevented , or detected and corrected on a timely basis . A significant deficiency is a deficiency , or a combination of deficiencies , in internal control that is less severe than a material weakness , yet important enough to merit attention by those charged with governance .
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies . Given these limitations , during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses . However , material weaknesses may exist that have not been identified .
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