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HERTIFIEL 11_113LIC
<br />A (TC 0 U N A. N FS
<br />Al
<br />Tia Cla.ritnicrill and NIfitria gen) n 1
<br />of .Ramsey, NI innesota
<br />.itE1,011`f (IN TFIE.IrINAN(lAt„, STATE.m„EN'rs
<br />Thorm„ A, KarnoNvOci, (",:PA
<br />Paul A Itxdostvichl, CPA
<br />Wii16;tin I, 1.1ott,,
<br />ia,m,c,"4 11_ Hanel), CPA
<br />AJh j 1\lieke 11,
<br />curia1., iota, 4:PA/CM.A.
<br />We have audited the Zwcompartykrg financial statenieraS 01"' the goverinnental activities, the, business-typc
<br />activate s, each, rratior fund, and, the aggregate rernaining fund inintmation of .the Clity of Rainsey,
<br />.Nlinnesota. (the (ity) as of and fat —the year cnded 1.,l)ceember 11, 2017., ,and therelated notes to lhe
<br />financial statements, which collectively comprise the (7...lity's bask „financ.ial statements as, listed in the
<br />tal)le of contents...
<br />M A NACEMENr's rs,roNsinit,i'r V 'KOH, Tliti; 11IN NCIAI, SI'ACCEMENTS
<br />Management is respon sible lb r the rcparattoi nd fait preset) tat ion of t hese hnancial ,sta (emends lin
<br />accordance with accounting 1)1+1c:ivies generally accepted in the, tinned States, of America, this include.s
<br />the deign, impleinentation„ and maintenance of internal control, relevant to the prepar at ia:m and tail"
<br />'presentation adll financial straements that are free from material rnisstatement,, i6rhether thic, to ft,aud oi
<br />eirror,
<br />AUDITOR'S RESPONSIIIII.JTV
<br />Our responsibility is to express opinions on Ili e,ii,e financial statements :based on ant- andit, "We conclueted
<br />our audit in aueordtunee with llditing standards generally accepted in the United States of .Amer'iea and
<br />the slam:lards applicable 'to financial audits contained in Govertomem Auditing 5"tomkr.rds, issued by (tic
<br />Comptroller General of the t..htilted States, Those istandaf (iS require that 'we plail anti pe,rfiarriii 'Elie Enid (1.c.?
<br />Obtain. regsonabl,e assurance El butt( whictlier the fiiiiancial statenicnts are free from material misstatement.
<br />An audit involves perforating procedures to obtain main: evidence Amid the atimunts and clisclosures in
<br />th.e financial state.rnent.s„ fhe procedures selected depend on the. auditor's judgment, [noluding the.
<br />assessment of the risks (al 1 uteri ad i ss t ate; u. e.n (,),1 the firm ne a sl at tan e n whether due to fraud Of Urror..
<br />In making those risk assessments, the auditor considers internal control relevant to the Cityls, prep,a.ration,
<br />and flair pro entati 4.).n cat the filial -lc fal statements in ard 0 de S1 gn and.it. procedures that are tirptiropriale
<br />the, C )"'e 1.11 111 S aliCe, but not for the, ifurpose, t.).1 e.xpre.ssing aI()pinion on t„he effectiveness, of the tlity's
<br />internal contret Accordingly, we express no such opinion.. An 64 Id lit also 'includes evaluating the
<br />appropriateness o accounting policies usedandthe reasonableness of significant a.ecounting
<br />made by management, as well as evaluating the overfill presentation of late financial statements,.
<br />We believe that the audit evidence WC have obtained is suilkicra and appropriate to provide a basis, liar
<br />our aid it °pin ions,
<br />(emit n tied)
<br />ifv1 11 o y„. .M. on tague, I(raw2li, Rd tvch & C o „. , P,A.
<br />Way2,ak a Bo ul ovai d 41111 .hlitineapoiks, N 5)4116 " Pknoc: 952' 5.15 -0424 ' F3x:: 952 -5/15-056V www„,rromiii.coin
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