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<br />I . ' . <br />I AJIX) <br /> City of Arden Hills ~ <br /> April 10, 1997 <br />I- Page Seven <br /> CERTIAEO PURUC Acn:JuNTANT5 <br /> ANIl GlNSULTANTS <br />I The Water and Sewer Funds have cash balances of$653,897 and $768,735, respectively. The cash balances of each <br /> fund should be analyzed to determine appropriate cash requirements for operations, repair and maintenance and <br /> repayment of interfund loans. <br />I Recyclini Fund <br />I This fund has a cash balance of $31,139 and re1ained earnings of $31 ,681 at year end. <br /> Surface Water Man~ement Fund <br />I This fund has a cash balance of$23,182 and re1ainedearnings of$67,477 at year end. <br />I ....** <br />I This report is intended solely for the use of management and council. The comments and recommendations in the report <br /> are purely constroctive in nature, and should be read in this context. <br />I. Our examination would not necessarily disclose all weaknesses in the system because it was based on selected tests of <br /> the accounting records and related data. <br /> Jfyou have any questions or wish to discuss any of the items contained in this letter, please feel free to contact us at your <br />I convenience. We wish to thank you for the continued opportunity to be of service and for the courtesy and cooperation <br /> extended to US by your staff. <br /> ahIo I aM ' . <br />I If CuL <br /> April 10, 1997 ABDO, ABDO & EJCK <br /> Minneapolis Office Certified Public Accountants <br />I <br />I <br />I <br />I <br />I <br />Ie <br />I <br />