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<br />ABOO <br />EICK& <br />1\~e <br />~~~lf= <br /> <br />~.~. <br />~~A~ <br />5ulte.-Sto <br />~ Q.S$136 <br /> <br /> <br />October 12, 2007 <br /> <br />Honorable Mayor and Council <br />City of Centerville <br />Centerville, Minnesota <br /> <br />We are pleased to confirm our understanding of the services we are to provide the City of Centerville (the City) for the year ended <br />December 31, 2007. We have also included fee estimates for 2008 and 2009. We will audit the financial statements of the <br />governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information, which <br />collectively comprise the basic financial statements of the City as of and for the year ~ded December 31, 2007. Accounting <br />standards generally accepted in the United States provide for certain required supplementaIy information (RSI), such as <br />management's discussion and analysis (MD&A), to accompany the City's basic financial statements. As part of our engagement, <br />we will apply certain limited procedures to the City's RSI. These limited procedures will consist principally of inquiries of <br />management regarding the methods of measurement and presentation, which management is responsible for affirming to us in its <br />representation letter. Unless we encounter problems with the presentation of the RSI or with procedures relating to it, we will <br />disclaim an opinion on it The following RSI is required by accounting principles generally accepted in the United States of <br />America and will be subjected to certain limited procedures, but will not be audited: <br /> <br />1) Management's Discussion and Analysis. <br /> <br />SupplementaIy information other than RSI, such as combining and individual fund financial statem~ also accompanies the <br />City's basic financial statements. We will subject the following supplementaIy information to the auditing procedures applied in <br />our audit of the basic financial statements and will provide an opinion on it in relation to the basic financial statements: <br /> <br />1) Combining and Individual Fund Financial Statements and Schedules <br />2) Summary Financial Report - Revenues and Expenditures for General Operations - Governmental Funds <br />3) Tax and Special Assessment Levies and Collections <br /> <br />Audit Objeetive <br /> <br />The objective of our audit is the expressioJ:l of opinions as to whether your basic financial statements are fairly presented, in all <br />material respects, in conformity with accounting principles generally accepted in then 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 basic financial <br />statements taken as a whole. Our audit will be conducted in 8CC9i'dance with auditing standards generally accepted in the United <br />States of America and will include tests of the accOunting records and other procedures we consider necessary to enable us to <br />express such opinions. If our opinions on the financial statements are other than unqUalified, we will ful1y discuss the reasons <br />with you in advance. I( for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we <br />may decline to express opinions or to issue a report as a result of this engagement. <br /> <br />:9DJi5iiii~,''',. .:'9ii-~~_1 <br />~.. <br /> <br />.2007 ALG-CL-l.l: AUdit Engagement Letter-Standmd <br /> <br />/3 <br /> <br />--':1 <br />