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<br /> <br />7241 Ohms Lane <br />Suite 200 <br />Edina. MN 55439 <br /> <br />REPORT ON MINNESOTA LEGAL COMPLIANCE <br /> <br />Honorable Mayor and City Council <br />City of Centerville, Minnesota <br /> <br />We have audited the general purpose financial statements of the City of Centerville, Minnesota as of and for the year ended <br />December 31, 200 I, and have issued our report thereon dated March 29, 2002. In ourreport, our opinion was qualified because <br />the general fixed asset account group was not audited. <br /> <br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the <br />provisions of the Minnesota LelZal Compliance Audit Guide for Local Government, promulgated by the Legal Compliance Task <br />Force pursuant to Minnesota Statute Sec. 6.65. Accordingly, the audit included such tests of the accounting records and such <br />other auditing procedures, as we considered necessary in the circumstances. <br /> <br />The Minnesota Legal Compliance Audit Guide for Local Government covers five main categories of compliance to be tested: <br />contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements. Our study <br />included all of the listed categories. <br /> <br />The results of our tests indicate that for the items tested, the City complied with the material terms and conditions of applicable <br />legal provisions except as noted below. <br /> <br />In accordance with Minnesota Statutes, section 118A.03, the City is required to pledge collateral equal to 110 percent of their <br />deposits not covered with insurance. At December 31, 2001, the City did not have the full1l0 percent of collateral pledged. <br /> <br />This report is intended solely for the information and use of the City Council, management and the Minnesota Office of the State <br />Auditor and is not intended to be and should not be used by anyone other than these specified parties. <br /> <br />March 29, 2002 <br />Minneapolis, Minnesota <br /> <br />~.1 Uq-7tf~/tLf1 <br /> <br />ABDO, EICK & MEYERS, LLP <br />Certified Public Accountants <br /> <br />952.835.9090 Fax 952.835.3261 <br /> <br />-49- <br /> <br />www.aemcpas.com <br />