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September 29, 1989 <br /> <br />PANNELL <br />KERR <br />FORSTER <br /> <br />Certified Public Accountants <br /> <br />400 Park National Bank Bldg. <br />5353 Wayzata Boulevard <br />Minneapolis, MN 55416 <br />Telephone (612) 545-0421 <br />Telefax 612-545-0569 <br /> <br />Mr. David R. Hartley <br />City Administrator <br />City of Ramsey <br />15153 Nowthen Boulevard Northwest <br />Ramsey, MN 55303 <br /> <br />Dear Mr. Hartley: <br /> <br />This letter is to explain our understanding of the arrangements for the services <br />we are to perform for the City of Ramsey for the year ending December 31, 1989. <br />We ask that you either confirm or amend that understanding. <br /> <br />We will perform an examination of the City's financial statements. The purpose <br />of our examination is to express an unqualified opinion on the fairness of the <br />presentation of the City's financial statements for the year ending December 31, <br />1989, in conformity with generally accepted accounting principles applied on a <br />consistent basis. If we discover that we cannot issue an unqualified opinion, <br />we will discuss the reasons with you before submitting a different kind of <br />report. <br /> <br />As you know, management has the primary responsibility for properly recording <br />transactions in the records, for safeguarding assets, and for preparing accurate <br />financial statements. Our basic audit function is to add reliability to those <br />financial statements. <br /> <br />Our examination will be conducted in accordance with generally accepted auditing <br />standards. It will include a review of the system of internal accounting <br />control, analytical reviews, and tests of the transactions and/or balances to <br />the extent we believe necessary. It will not include a detailed audit of all <br />transactions and is not designed to discover defalcations or other irregulari- <br />ties, should any exist. If the City desires that we expand the scope of our <br />services in this regard, this letter of understanding will require revision. <br /> <br />As a result of our review of your system of internal accounting control, we will <br />report to you any major observed weaknesses. <br /> <br />In addition, we will perform the required state legal compliance audit covering <br />five main categories of compliance %%th Minnesota laws to be tested and prepare <br />a report on our findings. Our testing procedures ~%11 comply with provisions of <br />the Legal Compliance Audit Guide pursuant to Minnesota Statutes Section 6.65. <br /> <br /> <br />