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�Ciuni & <br />C Panichi <br />CPAs and Business Advisors <br />November 28, 2005 <br />Carrie Copfer, CPA <br />Director of Finance <br />City of North Olmsted <br />5200 Dover Center Road <br />North Olmsted, OH 44070 <br />RECEIVE0 2003 g. <br />We are pleased to confirm our understanding of the services we are to provide the City of North Olmsted for <br />the year ended December 31, 2005. We will audit the financial statements of the governmental activities, the <br />business -type activities, the aggregate discretely presented component units, each major fund, and the <br />aggregate remaining fund information, which collectively comprise the entity's basic financial statements, of <br />the City of North Olmsted as of and for the year ended December 31, 2005. The document we submit to you <br />will include the following supplemental information required by generally accepted accounting principles <br />that will be subjected to certain limited procedures, but will not be audited: <br />1. Management's discussion and analysis. <br />Also, the document we submit to you will include the following additional information that will be subjected <br />to the auditing procedures applied in our audit of the financial statements: <br />1. Combining fund financial statements and schedules. <br />2. Individual fund financial statements and schedules. <br />Audit Objective <br />The objective of our audit is the expression of an opinion as to whether your financial statements are fairly <br />presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to <br />report on the fairness of the additional information referred to in the first paragraph when considered in <br />relation to the financial statements taken as a whole. <br />Our audit will be conducted in accordance with U.S. generally accepted auditing standards and will include <br />tests of the accounting records and other procedures we consider necessary to enable us to express such an <br />opinion. If our opinion on the financial statements is other than unqualified, we will fully discuss the reasons <br />with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have <br />not formed an opinion, we may decline to express an opinion or to issue a report as a result of this <br />engagement. <br />C� C &P Advisors, LLC <br />Ciuni & Panichi, Inc. <br />Joel Strom Associates LLC <br />National Investor Services, Ltd. <br />25201 Chagrin Boulevard <br />Cleveland, Ohio 44122.5683 <br />p. 216.831.7171 <br />f. 216.831.3020 <br />www.cp- advisors.com <br />A member of National Associated CPA Firms <br />