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L..JI~ <br /> <br />INDEPENDENT AUDITOR'S REPORT ON <br />INTERNAL ACCOUNTING CONTROLS <br />ACCOUNTING AND ADMINISTRATIVE <br />BASED ON A STUDY AND EVALUATION <br />MADE AS A PART OF AN AUDIT OF THE <br />GENERAL PURPOSE FINANCIAL STATEMENTS AND <br />PANNELL <br />KERR <br />FORSTER <br />Certified Public Accountants <br />400 Park National Bank Building <br />5353 Wayzata Boulevard <br />Minneapolis, MN 55416 <br />Telephone (612) 545-0421 <br />Telefax 612-545-0569 <br />ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT <br />City Council and Residents <br />City of Ramsey <br />Ramsey, Minnesota <br />We have audited the general purpose financial statements of the City of Ramsey, <br />Minnesota, for the year ended December 31, 1989, and have issued our report <br />thereon dammed July 2, 1990. As a part of our audit, we made a study and <br />evaluation of the internal control systems, including applicable internal admin- <br />istrative controls, used in administering federal financial assistance programs <br />to the extent we considered necessary to evaluate the systems as required by <br />generally accepted auditing standards, the standards for financial and <br />compliance audits contained in the Government Auditing Standards, issued by the <br />Comptroller General of the United States, the Single Audit Act of 1984, and the <br />provisions of OMB Circular A-128, Audits of State and Local Governments. For <br />the purpose of this report, we have classified the significant internal <br />accounting and administrative controls used in administering federal financial <br />assistance programs in the following categories: cash receipts/revenue, cash <br />disbursements/expenditures, payroll, external financial reporting, and grant <br />administration. <br />The management of the City of Ramsey is responsible for establishing and main- <br />taining internal control systems used in administering federal financial <br />assistance programs. In fulfilling that responsibility, estimates and judge- <br />ments by management are required to assess the expected benefits and related <br />costs of control procedures. The objectives of internal control systems used in <br />administering federal financial assistance programs are to provide management <br />with reasonable, but not absolute, assurance that, with respect to federal <br />financial assistance programs, resource use is consistent with laws, regula- <br />tions, and policies; resources are safeguarded against waste, loss, and misuse; <br />and reliable data are obtained, maintained, and fairly disclosed in reports. <br />(Continued) <br />-92- <br />