Agenda - Council - 06/23/1998 - Laserfiche WebLink

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MALLOY MONTABUE KAI:iNOWEiKI RADOEib-'VI~H r--CO.~ I~. INDEPENDENT ACCOUNTANT' S REPORT ON APPLYING AGREED-UPON PROCEDURES PRINCIPALS KENNETH W. MALLOY, CPA THOMAS M. MONTAGUE, CPA THOMAS A. KARNOWSKI, CPA PAUL A. RADOSEVICH, CPA WILLIAM J. LAUEFI, CPA City Council and Management City of Ramsey Ramsey, Minnesota We have performed the procedures enumerated below, which were agreed to by the City of Ramsey and management, solely to assist you w/th respect to the accounting records of the City of Ramsey as of March 31, 1998. This engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. Our procedures were as follows: ° We reviewed the City's reconciliations of all bank accounts as of March 31, 1998. o We confirmed all cash and investment balances as of March 31, 1998, with the institutions from which they were deposited or purchased. ° We performed other procedures considered necessary to verify the existence and valuation of the City's cash and investments as of March 31, 1998. ° We verified the reconciliation of these cash and investment balances to the City's general ledger as of March 31, 1998. Our findings are as follows: ° As of our fieldwork date, the authorized signatures for certain financial institutions were not yet modified for changes in personnel in the City's Administration and Finance Departments. ° There were no other findings as a result of performing the above procedures. We were not engaged to, and did not, perform an audit, the objective of which would be the expression of an opinion on the specified elements, accounts, or items. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of the specified users listed above and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. April 30, 1998 /~¢ ~4~~/ ~; '~~~/f ~-~' ,~/¢. 410 PARK NATIONAL SANK BUILDING 5353 WAYZATA BOULEVARD M~NNEAPOLIS, MINNESOTA 554 ~6 TELEPHONE: 612-545-0424 TELE FAX: 612-545-0569 I I I I I I I I I I I I I