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<br />1M <br /> <br /> <br />I CERTIFIED PUBLIC <br />ACCOUNTANTS <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />PRINCIPALS <br />Kenneth W Malloy, CPA <br />Thomas M. Montague, CPA <br />Thomas A. Karnowski, CPA <br />Paul A. Radosevich, CPA <br />William J. Lauet, CPA <br />James H. Eichten, CPA <br />Aaron J. Nielsen, CPA <br />Victoria L. Holinka, CPA <br /> <br /> <br />INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE <br /> <br />WITH MINNESOTA STATE LAWS AND REGULA nONS <br /> <br />City Council and Residents <br />City of Ramsey, Minnesota <br /> <br />We have audited the financial statements of the governmental activities, the business-type activities, each <br />major fund, and the aggregate remaining fund information of the City of Ramsey, Minnesota (the City) as <br />of and for the year ended December 31, 2008, which collectively comprise the City's basic financial <br />statements, and have issued our report thereon dated May 22, 2009. <br /> <br />We conducted our audit in accordance with auditing standards generally accepted in the United States of <br />America; the standards applicable to financial audits contained in Government Auditing Standards, issued <br />by the Comptroller General of the United States; and the provisions of the Minnesota Legal Compliance <br />Audit Guide for Local Governments, promulgated by the State Auditor pursuant to Minnesota Statute <br />~ 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing <br />procedures as we considered necessary in the circumstances. <br /> <br />The Minnesota Legal Compliance Audit Guide for Local Governments covers seven main categories of <br />compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public <br />indebtedness, claims and disbursements, county and city miscellaneous provisions, and tax increment <br />financing. Our study included all of the listed categories. <br /> <br />The results of our tests indicate that, for the items tested, the City complied with the material terms and <br />conditions of applicable legal provisions, except as described in the Schedule of Findings and Responses. <br /> <br />This report is intended solely for the inforination and use of management, the City Council, others within <br />the City, and the state of Minnesota and is not intended to be, and should not be, used by anyone other <br />than these specified parties. <br /> <br />II./4;J ;f'+/ ~ ~/1 ~'J &' <br /> <br />May 22, 2009 <br /> <br />-3- <br />Malloy, Montague, Karnowski, Radosevich & Co., P.A. <br />5353 Wayzata Boulevard. Suite 410 . Minneapolis, MN 55416 . Telephone: 952-545-0424 . Telefax: 952-545-0569 . www.mmkr.com <br />