Centerville 2010 Financial Report

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REPORT ON MINNESOTA LEGAL COMPLIANCE Honorable Mayor and Council City of Centerville, Minnesota We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Centerville, Minnesota (the City), as of and for the year ended December 31, 2010, which collectively comprise the City’s basic financial statements and have issued our report thereon, dated March 24, 2011. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the Minnesota Legal Compliance Audit Guide for Local Government, provisions of the promulgated by the Minnesota Office of the State Auditor pursuant to Minnesota statute, section 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing procedures, as we considered necessary in the circumstances. Minnesota Legal Compliance Audit Guide for Local Government The covers seven main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, tax increment financing, and miscellaneous city provisions. Our study included all of the listed categories. The results of our tests indicate that for the items tested, the City complied with the material terms and conditions of applicable legal provisions. 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 used by anyone other than these specified parties. March 24, 2011 ABDO, EICK & MEYERS, LLP Certified Public Accountants Minneapolis, Minnesota -95-