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FCc s # I <br /> <br />PRESENTATION OF THE MANAGEMENT REPORT ON THE 1995 <br />COMPREHENSIVE ANNUAL FINANCIAL REPORT BY KEN MALLOY, PARTNER <br />WITH THE FIRM OF MALLOY, MONTAGUE, KARNOWSKI, RADOSEVICH & CO., <br />P.A. <br /> By: Jessie Hart, Finance Officer <br /> <br />[THIS REPORT IS INCLUDED WITH THE AGENDA UNDER SEPARATE COVER] <br /> <br />Background: <br /> <br />The auditors, as a part of their work, prepare a Management Report for the City. This report <br />contains information on the following: <br /> <br />Legislative Activities <br />Statewide Trends and Comparisons <br />Financial Trends and Conditions of the City of Ramsey <br />Accounting and Reporting Comments <br />Formal Required Communications <br /> <br />Ken Malloy, a partner with the firm ofMalloy, Montague, Karnowski, Radosevich and Co., P.A., <br />will be in attendance at the Finance Committee meeting to review the Management Report and <br />answer any questions that you might have. <br /> <br />This years report contains no formal recommendations for changes, although there are comments <br />regarding internal control and the effect of such in an organization the size of the City of <br />Ramsey. We feel that internal control is highly considered in the assignment of conflicting <br />duties and are comfortable, from the financial standpoint, that our internal control is of the <br />highest quality with the size of staff we currently have. <br /> <br />Committee Action: <br /> <br />None required - based on discussion. <br /> <br />Reviewed by: <br />Finance Officer <br /> <br />Copies Distributed to: <br /> City Administrator <br /> City Engineer <br /> Police Chief <br />· Fire Chief <br /> <br />FC: 06/25/96 <br /> <br /> <br />