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4 <br />1. The City of Arden Hills will send its comprehensive annual financial report to <br />the Government Finance Officers Association of the United States and Canada <br />for review in their Certificate of Achievement for Excellence in Financial <br />Reporting program. The city has received the certificate annually beginning <br />with the annual financial report for 2006. It is anticipated that the auditor will <br />not be required to provide special assistance to the City of Arden Hills to meet <br />the requirements of that program. <br />2. The City of Arden Hills may prepare one or more official statements in connection with the sale of debt securities which will contain the general <br />purpose financial statements and the auditor's report thereon. The auditor shall <br />be required, if requested by the fiscal advisor and/or the underwriter, to issue a <br />"consent and citation of expertise" as the auditor and any necessary "comfort <br />letters." <br />3. The schedule of federal financial assistance and related auditor’s report (if <br />required), as well as the reports on the internal controls and c ompliance, are <br />not to be included in the CAFR, but are to be issued separately. <br />4. Additional assistance regarding the specifics of the future implementation and <br />compliance with the reporting requirements mandated by GASB may be <br />required. <br />F. Working Paper Retention and Access to Working Papers <br />All working papers and reports must be retained, at the auditor's expense, for a <br />minimum of three (3) years, unless the firm is notified in writing by the City of Arden <br />Hills of the need to extend the retention period. The auditor will be required to make <br />working papers available, upon request, to the following parties or their designees: <br />• City of Arden Hills <br />• State Auditor’s Office <br />• U.S. General Accounting Office (GAO) <br />• Parties designated by the federal or state governments or by the City of Arden <br />Hills as part of an audit quality review process <br />• Auditors of entities of which the City of Arden Hills is a subrecipient of grant funds <br />In addition, the firm shall respond to the reasonable inquiries of successor auditors <br />and allow successor auditors to review working papers relating to matters of <br />continuing accounting significance. <br />III. DESCRIPTION OF THE GOVERNMENT <br />A. Principal Contacts <br />The auditor's principal contact with the City of Arden Hills will be Gayle Bauman, <br />Finance Director, or a designated representative, who will coordinate the assistance to be provided by the City of Arden Hills to the auditor. The phone number for the <br />Finance Director is 651-792-7816. <br />B. Background Information <br />The City of Arden Hills serves an area of 9.6 square miles with a population of 9,552