2021-07-28 CC Packet - Laserfiche WebLink

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July 12, 2021 Honorable Mayor and Council City of Centerville Centerville, Minnesota The following sets forth the engagement of our services for the certified audit of the City ofCenterville, Minnesota (the City). We will audit the financial statements of the City for the years endingDecember 31, 2021,2022and2023 in accordance with auditing standards generally accepted in the United States of America. Our audit will include tests of the accounting records and other procedures we consider necessary to enable us to express an opinion that the financial statements are fairly presented, in all material respects, in conformity with the financial reporting provisions of the Minnesota Office of the State Auditor. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgmentabout the number of transactions to be examined and the areas to be tested. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. Because of the concept of reasonable assurance and because we will not perform a detailed examination of all transactions, there is a risk that a material misstatement may exist and not be detected by us. In addition, an audit is not designed to detect errors, fraud, or other illegal acts that are immaterial to the financial statements. However, we will inform you of any material errors and any fraud that comes to our attention. We will also inform you of any other illegal acts that come to our attention, unless clearly inconsequential. Our responsibility as auditors is limited to the period covered by our audit and does not extend to matters that might arise during any later periods of which we are not engaged as auditors. We will perform the auditing services discussed above for the calendar years2021,2022and2023. YearCity Audit 2021$32,300 202233,000 202333,700 The above fees are based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. Our fee does not include additional audit services related to requirements of a single audit if one would be required. Nor does it include fees for additional time require for implementation of additional governmental accounting standards.Those fees would be discussed and agreed to prior to performing the services. Our fee includes the city audit, the required managementcommunication letter,the AuditorsReport on Minnesota Legal Compliance,theauditor presentation to the Council, and general consulting related to the audit.