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. 0"D 1� lk 4151, GEORGE M, HANSEN COMPANY Certified Pmblic Accountants 17!5 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100 MINNEAPOLIS. MINNESOTA 55416 546-2566 September 19, 1-979 We are currently planning our f all and winter work program and would appreciate an indication that we may be invited to conduct the 1979 audit of the City as we have 'in past years, We. would perform an audit of the balance sheets of the various funds of the City as of December 31, 1979 and the related financial statements for the year then ended. The audit would be performed'i W n accordance with the procedures established ip by the State Auditor and the American Tnstitute of Certifted Public Accountants. These procedures are compatible with -the pronouncements of the National Council on Governmental Accountings The aud-it . which we will perform will be an examin.ation which cons ists of a review of internar.-'-control, accounting procedures, and the details of all records, in. cludin'-g- subsidiary records and supporting data as to mathematical accuracy, proprIety and completeness of all transactions on a test basis., The test examina. tiffion presumes that the items selected are representative of all the transactions. Although such an audit is the one most frequently used today, it will not Ily discover fraud or defalcatioin. However, should fraud or defalcation necessari exist 3 it may be uncovered as the result of one or more of the procedures applied on a test basis. As-.in Previous years, we plan to do'as much work before the -year end as possilLble so that we may present our report at an early date. We estimate the cost of such an audit will not exceed �10,500, assuming the City prints, collates and binds-the financial statements. Should our time be less than anticipated, our fee would be reduced accordingly. We have enjoyed our relationship with the City during the past years and hope tha we may be allowed to conduct the 1979 audit. I Accepted by the City of Rosevill.-%; Very trUly yours, t g ry urphy By Title Date