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CCP 05-28-1996
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CCP 05-28-1996
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<br /> I <br /> I City of Arden Hills AffX) <br /> April 12, 1996 ~ <br /> Page Eight <br /> . emTIFIEI' PUFlLIC A(XDLNTANTS <br /> I AN[l Q1NSULTANTS <br /> I Both the Water and Sewer fund reported significantly improved results of <br /> operations due to 1993 through 1995 rate increases. The cash balances of each <br /> fund increased by similar amounts. <br /> I The Water and Sewer Funds have cash balances of $424,933 and $601,016, <br /> respectively. The cash balances of each fund should be analyzed to determine <br /> appropriate cash requirements for operations, repair and maintenance and <br /> I repayment of interfund loans. <br /> Recyclinq Fund <br /> I This fund has a cash balance of $33,937 and retained earnings of $28,938. <br /> Surface Water Manaqement Fund <br /> I This fund has a cash balance of $6/221 and retained earnings of $49,821 at <br /> year end. <br /> Other Items <br /> I During the audit, we noted some deficiencies in consultant billing. If a <br /> consultant uses time reports for billing, there should be detailed <br /> identification of work performed. We recommend the City determine the <br /> I . appropriate level of detail needed to verify the work performed and implement <br /> standards to be used by their consultants. <br /> I * * * * * * <br /> I This report is intended solely for the use of management and council. The <br /> comments and recommendations in the report are purely constructive in nature, and <br /> should be read in this context. <br /> I OUr examination would not necessarily disclose all weaknesses in the system <br /> because it was based on selected tests of the accounting records and related <br /> data. <br /> I If you have any questions or wish to discuss any of the items contained in this <br /> letter, please feel free to contact us at your convenience. We wish to thank you <br /> for the continued opportunity to be of service and for the courtesy and <br /> I cooperation extended to us by your staff. <br /> ~ ~ t~ <br /> E <br /> I , <br /> April 12, 1996 ABDO, ABDO & EICK <br /> Minneapolis Office Certified Public Accountants <br /> I <br /> I . <br /> I <br />
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