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<br />,. <br /> <br /> <br />December 19, 2002 <br /> <br />Certified Puhlic Accountants & Consultants <br /> <br />Grandview Square <br />520] Eden Avenue <br /> <br />Suite 370 <br />Edina. MN 55436 <br /> <br />Mayor and Council <br />City of Centerville <br />1880 Main Street <br />Centerville, Minnesota 55038 <br /> <br />Dear Mayor and Council: <br /> <br />t: ~ <br /> <br />Weare pleased to confirm our understanding of the services we are to provide the City of Centerville for the year ended <br />December 31, 2002. We will audit the financial statements of the City as of and for the year ended December 31, 2002. We <br />understand that the financial statements will be presented in accordance with the [mancial reporting model in effect prior to that <br />described in GASB Statement No. 34. Also, the document we submit to you will include the following additional infonnation <br />that will be subjected to the auditing procedures;applied in ourauditoftl1e financial statements: <br /> <br />1. Combining and Individual Fund Financial Statements <br /> <br />Audit Objective <br /> <br />The objective of our audit is the expression of an opinion as to whether your [mancial statements are fairly presented, in all <br />material respects, in conformity with accounting principles generally accepted in the United States of America and to report on <br />the fairness of the additional information referred to in the first paragraph when considered in relation to the financial statements <br />taken as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of <br />America and will include tests ofthe accounting records and other procedures we consider necessary to enable us to express such <br />an opinion. If our opinion on the [mancial statements is other than unqualified, we will fully discuss the reasons with you in <br />advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may <br />decline to express an opinion or to issue a report as a result of this engagement. <br /> <br />Management Responsibilities <br /> <br />Management is responsible for making all financial records and related information available to us. We understand that you will <br />provide us with such information required for our audit and that you are responsible for the accuracy and completeness of that <br />information. We will advise you about appropriate accounting principles and their application and will assist in the preparation of <br />your financial statements, but the responsibility for the financial statements remains with you. That responsibility includes the <br />establishment and maintenance of adequate records and effective internal control over financial reporting, the selection and <br />application of accounting principles, and the safeguarding of assets. Management is responsible for adjusting the [mancial <br />statements to correct material misstatements and for confirming to us in the representation letter that the effects of any <br />uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are <br />immaterial, both individually and in the aggregate, to the financial statements taken as a whole. <br /> <br />952.835.9090 Fax 952835.326] <br /> <br />www.aemcpas.com <br />