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CASE # I <br />PRESENTATION OF THE MANAGEMENT REPORT ON THE 1994 FINANCIAL AUDIT BY <br />KEN MALLOY, PARTNER WITH THE FIRM OF MALLOY, MONTAGUE, KARNOWSKI, <br />RADOSEVICH & CO., P.A. <br /> By: Jessie Hart, Finance Officer <br /> <br /> [THIS REPORT IS INCLUDED WITH THE AGENDA UNDER SEPARATE COVER] <br /> <br />Background: <br /> <br />The auditors, as a part of their work, prepare a Management Report for the City. This report contains <br />information on the following: <br /> <br />Legislative Activities <br />Statewide Trends and Comparisons <br />F'mancial Trends and Conditions of the City of Ramsey <br />Accounting and Reporting Comments <br />Formal Required Communications <br /> <br />Ken Malloy, a partner with the firm of Malloy, Montague, Karnowski, Radosevich and Co., P.A., will be in <br />attendance at the Finance Committee meeting to review the Management Report and answer any questions that <br />you might have. <br /> <br />Most all recommendations transmitted in the 1993 Management Report have been satisfied or are in process with <br />the implementation of the new computer system. This years report contains no formal recommendations for <br />changes, although there are comments regarding intemal control and the effect of such in an organization the size <br />of the City of Ramsey. We feel that internal control is highly considered in the assignment of conflicting duties <br />and are comfortable, from the financial standpoint, that our internal control is of the highest quality with the size <br />of staff we currently have. <br /> <br />Committee Action: <br /> <br />None required - based on discussion. <br /> <br />Reviewed by: <br />Finance Officer <br /> <br />Copies Distributed to: <br />City Administrator <br />City Engineer <br />Police Chief <br />Fire Chief <br /> <br />FC: 07/25/95 <br /> <br /> <br />