2006-06-28 CC Packet - Laserfiche WebLink

Home Browse Search

ABDO ElCK & . MEYERSlLP Urt(ied Puh1Jc Aammtants & Consultmw Gnmdview Square 5201 Eden Avenue Suite 370 Edina,}IN S5436 INDEPENDENT AUDITOR'S REPORT Honorable Mayor and Council City of Centerville, Minnesota We have audited the accompanying financial. statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City ofCenterville, Minnesota (the City), as ofand for the year ended December 31, 2005, which collectively comprise the City's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City's management.. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall :financial statement presentation. W ebelieve that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaini:ilg fund information of the City as of December 31, 2005, and the respective changes in financial position and cash flows, where applicable, thereof and the respective budgetary comparison schedule for the General fund for the yeartben ended in conformity with accounting principles generaI1y accepted in the United States of America. The management's discussion and analysis on pages I through XI is not a required part of the basic financial statements but is supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the reqUired supplementary information. However, we did not audit the information and express no opinion on it 9S2.835.909O · Fax 952.835.3261 www.aemcpas.com