2002-01-09 CC Packet - Laserfiche WebLink

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, ABDO ABDO EICK & MEYERSLLP Certified PuhliA; Accountants & Consultants December 4, 2001 7241 Ohms Lane Suite 200 Minneapuli~, MN 55439 Mayor and Council City of Centerville 1880 Main Street Centerville, Minnesota 55038 Dear Mayor and Council: Weare pleased to conftrm our understanding of the services we are to provide the City of Centerville for the year ended December 31, 2001. We will auditthe fmancial statements of the City ofCenterville as of and for the year ended December 31, 200 1. We understand that the ftnancial statements will be presented in accordance with the financial reporting model in effect prior to that described in GASB Statement No. 34. Also, the document we submit to you will include the following additional information that will be subjected to the auditing procedures applied in our audit of the financial statements: I. Combining and Individual Fund Financial Statements The document will also include the following additional infonnation that will not be subject to the auditing procedures applied in our audit of the ftnancial statements, and for which our accountant's report will be qualifted. . General fixed assets account group Audit Objectives The objective of our audit is the expression of an opinion as to whether your fmancial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States of America, and to report on the fairness of the additional information referred to in the first paragraph when considered in relation to the financial statements taken as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the City and other procedures we consider necessary to enable us to express such an opinion. If our opinion on the ftnancial statements is other than unqualified, we will fully discuss the reasons with you in 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 decline to express an opinion or to issue a report as a result of this engagement. We will also provide reports (that do not include opinions) on internal control related to the fmancial statements and compliance with laws, regulations, and the provisions or grant agreements, noncompliance with which could have a material effect on the ftnancial statements as required by Government Auditing Standards. Management Responsibilities Management is responsible for establishing and maintaining internal control and for compliance with laws, regulations, contracts, and agreements. In fulftlling this responsibility, estimates and judgments by management are required to assess the expected beneftts and related costs of the controls. The objectives of internal control are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorizations and recorded properly to permit the preparation offinancial statements in accordance with accounting principles generally accepted in the United States of America. 612.835.9090 " Fa.... 612.835.3261