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• AABDO r ABDO w Al EICK & a _ ME1L'BSLLP Certified Public Accountants & Consultants 7241 Ohms Lane Suite 2® Minneapolis, MN 55439 INDEPENDENT AUDITORS' REPORT Honorable Mayor and City Council City of Centerville, Minnesota We have audited the accompanying general purpose financial statements of the City of Centerville, Minnesota, as of and for the year ended December 31, 1999 as listed in the table of contents. These general purpose financial statements are the responsibility of the City of Centerville, Minnesota's management. Our responsibility is to express an opinion on these general purpose fmancial statements based on our audit. Except as discussed in the following paragraphs, we conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require 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 general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose fmancial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The City does not maintain a record of its general fixed assets as required by generally accepted accounting principles. Because we were unable to satisfy ourselves by appropriate audit tests or by other means, we are unable to express an opinion on the accompanying General Fixed Assets Account Group. In our opinion, except for the effects on the general purpose financial statements of such adjustments, if any, as might have been determined to be necessary had we audited the General Fixed Assets Account Group, the general purpose fmancial statements referred to above present fairly, in all material respects, the operations and cash flows of the proprietary fund type for the year then ended, in conformity with generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued a report dated April 14, 2000 on our consideration of the City's intemal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. Our audit was performed for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining and individual fund financial statements listed in the table of contents are presented for the purpose of additional analysis and are not a required part of the general purpose financial statements of the City of Centerville, Minnesota. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose fmancial statements taken as a whole. auto, a.ttio, G 4 *444, .iJ April 14, 2000 ABDO, ABDO, EICK & MEYERS, LLP Minneapolis, Minnesota Certified Public Accountants 612.835.9090 • Fax 612.835.3261