CCP 05-15-2006 - Laserfiche WebLink

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" " DRAFT - - Grandview Square 5201 Eden Avenue Suite 370 Edina, MN 55436 REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS Honorable Mayor and Council City of Arden Hills, Minnesota We havc audited the fmaucial statements of the major funds and remaining fund information of the City of Arden Hills, Minnesota (the City), as of and for the year ended December 31,2005 which collectively comprise the City's basic fmancial statements and have issued our report thereon dated April 14) 2006. We conducted our audit in accordance with auditing standards generally accepted in the United States of America . In planning and performing our audit, we considered the City's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide an opinion on the internal control over fmancial reporting. However, we noted certain matters involving the internal control over fInancial reporting and its operation that we consider to be reportable conditions, reported as fmding 2005-1 in the Schedulc of Findings. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or operation of the internal control over fmancial reporting that, in our judgment, could adversely affect the City's ability to record, process, sunnnarize and report fInancial data consistent 'With the assertions of management in the fmancial statements. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the [mandaI statements being audited may occur and not be detected ",;thin a timely period by employees in the normal course of performing their assigned fimctions. Our consideration of the internal control over fInancial reporting would not necessarily disclose an matters in the intemaJ control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. However, We believe the reportable condition described above is not a material weakness. This report is intended solely for the information and use of the Council, management, others within the City and the Minnesota Office of the State Auditor and is not intended to be and should not be nsed by anyone other than these specified parties. April 14, 2006 Minneapolis, Minnesota ABDO, EICK & MEYERS, LLP Certified Public Accountants . -56- 952.8.35.9090 . Fax 952.835.326] vr'w'w.aemcpas.com