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M KR <br />CERTIFIED PUBLIC <br />ACCOUNTANTS <br />INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER <br />FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS <br />BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN <br />ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS <br />To the City Council and Management <br />City of Ramsey, Minnesota <br />We have audited, in accordance with auditing standards generally accepted in the United States of <br />America and the standards applicable to financial audits contained in Government Auditing Standards, <br />issued by the Comptroller General of the United States, the financial statements of the governmental <br />activities, the business -type activities, each major fund, and the aggregate remaining fund information of <br />the City of Ramsey, Minnesota (the City) as of and for the year ended December 31, 2012, and the related <br />notes to basic financial statements, which collectively comprise the City's basic financial statements, and <br />have issued our report thereon dated June 10, 2013. <br />INTERNAL CONTROL OVER FINANCIAL REPORTING <br />In planning and performing our audit of the financial statements, we considered the City's internal control <br />over financial reporting (internal control) to determine the audit procedures that are appropriate in the <br />circumstances for the purpose of expressing our opinions on the financial statements, but not for the <br />purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do <br />not express an opinion on the effectiveness of the City's internal control. <br />A deficiency in internal control exists when the design or operation of a control does not allow <br />management or employees, in the normal course of performing their assigned functions, to prevent, or <br />detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or combination <br />of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement <br />of the City's financial statements will not be prevented, or detected and corrected, on a timely basis. A <br />significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less <br />severe than a material weakness, yet important enough to merit attention by those charged with <br />governance. <br />Our consideration of internal control was for the limited purpose described in the first paragraph of this <br />section and was not designed to identify all deficiencies in internal control that might be material <br />weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any <br />deficiencies in internal control that we consider to be material weaknesses. However, material <br />weaknesses may exist that have not been identified. <br />-4- <br />(continued) <br />Malloy, Montague, Karnowski, Racosevieh, & Co., P.A. <br />5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Telephone: 952- 545 -0424 •Telefax: 952- 545 -0569 • www.mmkr,c9m <br />PRINCIPALS <br />Thomas M. Montague, CPA <br />Thomas A. Karnowski, CPA <br />Paul A. Radosevich, CPA <br />William J. Lauer, CPA <br />James H. Eichren, CPA <br />Aaron J Nielsen, CPA <br />Victoria L. Holinka, CPA <br />