Agenda - Council - 12/12/1995 - Laserfiche WebLink

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MALLOY MONTAGUE KA;:~NOWSKI ~DOS~V~CH PRINCIPALS KENNETM W, MALLOY, CPA THOMAS M. MONTAGUE, CPA THOMAS A. KARNOWSKI, (:;PA PAUL A. RADOSEVlCH, CPA November 29, 1995 Ms. Jessie Hart City of Ramsey 15153 Nowthen Boulevard NW Ramsey, MN 55024 Dear Ms. Hart: We are pleased to confirm our understanding of the services we are to provide for the City of Ramsey. We will audit the general purpose financial statements of the City as of and for the year ended December 31, I995. Our audit will be conducted in accordance with generally accepted auditing standards and Government Auditing Standards and will include tests of the accounting records of the City and other procedures we consider necessary t° enable us to express an unqualified opinion that the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles. If our opinion is other than unqualified, we will fully discuss the reasons with you in advance. If required, we will also perform a Single Audit conducted in accordance with the Single Audit Act of 1984 and the provisions of OMB Circular A-128, Audits of State and Local Governments, and will include tests of the accounting records of the City and other procedures we consider necessary to enable us to express an unqualified opinion that the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles and to report on the Schedule of Federal Financial Assistance and on the City's compliance with laws and regulations and its internal controls as required for a Single Audit. The representatives of the cognizant audit agency shall have access to the audit working papers upon request. The working papers will be maintained for at least'three years after the date of the report, or longer if requested by the cognizant audit agency. tn addition, we will perform the required State Legal Compliance Audit conducted in accordance with generally accepted auditing standards and the provisions of the Legal. Compliance Audit Guide promulgated by the Legal Compliance Task Force pursuant to Minnesota Statutes {} 6.65, and will include such tests of the accounting records and other procedures we consider necessary to enable us to conclude · that for the items tested, the City has complied with the material terms and conditions of applicable legal provisions. 410 PARK NATIONAL ~ANK BUILDING 5352, WAYZATA IBOULEVARD MINNEAPOLIS, MINNESOTA 55416 TELEPHONE: 612-545-0424 I I I I I I I I I I I I I I I I I ! I