CCP 11-27-2006 - Laserfiche WebLink

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M KR I'RINCI PAI.S KOllleth \V ,\ LIllo\', (J';\ . '] b"IIl,,, 1\1. M',1I1Llf:UC. CI":\ Th"Ill." 1\. Kmuo\,",k" e 'FA 1',1lI1 1\. H,;Hlmni,h. ( :]':\ . F I, III: I J~/) .l'lJl,\I.IC \'CillialJ1 J. LlIll'l, ( '1':\ ( l (l l, I ;\ :\ 1 " J1I11e" H. FiLlllCll, CI'/\ ;\,HO" .1, \:i"I\t'II, l 1':\ ( )dobcr 24, 2()06 !\1s.1\hchdle \Volfe City of Arden Ilills J n5 West Ili).,dmay 96 Ankn Hills, MN 55112 ! kar 1\1s. \VolIl~: \Vt' ;1I'l' pleased to conlirm llllr understanding or the services we arc to provide the City of Arden Hills /tile City) Itll' the ye,lr t:ndcd Ikcemher:) J, 2006. We will audit the financial statements of the \'(I\unmenlal acli\itics, the business-Iype activities. each major fund, and the aggregate remaining fi.md !!II(lrInalion, whieh colkctivdy cOlllprise the City's hasic financial statements, as \)1' and fix the year cndcd I kcelllber ~~ 1,20(1(,. I'Ill' dpCltlllult we submit to Y(llt will include thl: managcment's discussion and analysis, which is sltpplementary information accompanying the basic financial sta1l'lllcnts as required hy aecllunting principles gl'nl'fally accepted in the l fnitcd Stales of America that will be sul~jected to certain limited . procedun's. but \\'ill npt he audited. Also. the dpculllent we suhmit tp you will include combining and individual fund statements ;lIld schedules accllmpanying the basic financial statemcnts that will be subjected to the auditing procedures applied in our audit nl' the financial statements upon which we will providc an opinion in relation to the basil' tinancial statements. ('he dpcuJllent wi 1/ also include an introduct ory sect ion and stal ist ieal i nformat ion that wi II not be subject ill the auditing procedures applinl in \lur andit \If the financial statcments, and for which our auditor"s rl'Pllrt will disclaim an npinion. We will plTform the required State Legal Compliance Audit conducted in accordance with auditing standards geIlera lIy accepted in the United Slales of America and the provisions of the regal COIllp!iarIL'c ,I/IIlir (il/id(' prolllulgated hy the (>nicc ()f the State Auditor pursuant to 1\linnesota Statute ~ 6.65, and will include snch tests nl' the accounting records and other procedures we c\msider necessary to enable us to conclude that, for the items tested. the City has complied with the material tenns and cnllditions of applicable lega I provisillns. We \vill also prl:pare a managelllcnt rcport ror the City Council and administration. This report wi II l'omlllunicate such things as pur concerns regarding accounting procedurt:s or policies brought to our atlcntilln during our audit, al\lng \vith rccomrnendatitlllS t()J" improvements. The repol1 will also contain certain linalll'ial l't\lllpariSOlls and analysis and a summary of legislative activity alkctillg Minnesota citics, Our s\Tvicl's will not include an audit in accordance \vith the single audit act amendments of 1 \)\)6 and the . (lUice of I\lanagemellr and Budgel ('ircular A-I JJ, which would only be rl'quiredif the City expended S5()O.()()() or more in federal assistance fi.lIlds during the year. If the ('ity is required to have a single audit of kderal assistance funds, this enl!agelllent Jetter WlllJld necd to be nl\ldi lied. :\1 a II () \'. !\ I p j) r ;1 g lIl' . J-.: a r 11 " \\' :-, k i . Rado:-'l'vit"h l".: Co.. I'. i\ . ').'';.' \\,l\"i,l!:i gtlul("\,ar\f - )llllv '1111 - \linll~;lpllJi\, \1\ ~')'Ilfl. ~"I(I{'phllll(:: l)~~ ),1.1 O-l:..j -ll"!cLlx: '))2 ~"I~ O")(}~) - \'."w\\.lTnnkr.LIII1!