Agenda - Council - 06/23/1981 - Laserfiche WebLink

Home

:. Deloitte Haskins+Sells 1360 Northwestern National Bank Buildin 55 East Fifth Street Saint Paul, M~nnesota 55101 (612) 291-8110 Cable DEHANDS Honorable Mayor and Members of the City Council City of Ramsey, Minnesota April 9, 1981 We have examined the financial statements of the City for the year ended December B1, 1980,. and have issued our report thereon dated April 9, 1981. As part of our examination, we made a study and evaluation of the City's system of internal accounting control to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards. The purpose of our study and evaluation was to determine the nature, timing, and extent of the auditing procedures necessary for expressing an opinion on the City's financial statements. Our study and evaluation was more limited than would be necessary to express an opinion on the system of internal accounting control taken as a whole. The observations reported herein should be considered in the context of the responsibility of management for establishing and maintaining a system of internal accounting control, the objectives of and inherent limitations on such a system, and the definition of a material weakness for purposes of this report, which are described in the Appendix to this report. Our study and evaluation made for the limited purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system. AccordinglY, we do not express an opinion on the system of internal accounting control of the City of Ramsey taken as a whole. However, our study and evalUation disclosed the following condition which we believe is a material weakness: Due to limited personnel, there is inadequate segregation of duties and hence inadequate control over both cash receipts and cash disbursements.