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PE�T. M��tiv�cx, NIITCxE�.L & Co <br />CERTIFSED PUBI.IC ACCOUNTAI+TTS <br />2l00 AME�IC'�AN NATION�L BAN% I3iII LDING <br />SAI\T PAUL, MTNl�TESOTA °'u5101 <br />Octoher 7, I974 <br />r1r . Same s Andr e <br />City Man.ager <br />City ot Roseville <br />2701 North I,exzngton Avenue <br />Rosevi.11e, Mi.n.nesota 55113 <br />Dear Mr. And.re; <br />D � �--� <br />�� � <br />., � <br />1� <br />oc r � �� <br />��74 <br />o�Frc� o� crry <br />Rosevilr,:, ,. ,nMg� a GfR i <br />Thi.s ta�i.21 confirm our understandxng a� arrangemen.ts rela�irtg �o our exami-- <br />na�ion af financial statements of the Ci�y of Rosevi.I.le for the year end- <br />ixzg December 31, 197�. As discussed with. you on Sep�e�ber 18 ouz ez�ami- <br />natxon wi1l. be si_milar ixx scope to the previous year and wzll be a"li_mited <br />general audit" as prescribed by the Department of Publxc Exa�miners Min�znuzn <br />Audi.t Procedures fo�r Mix�.nesota Munieipalities. We will report on the balaz�.ce <br />shee�s of the appr4ximately thirty �.nd.ividuaZ funds as of December 31, 1974 <br />and �he rela�ed. statements ot income and expenses and changes in ftind balances <br />for the year ended December 31, 1974. <br />Tn addition, we wi11 report separately on the Federal Revenue Shari.ng Fund <br />as stipulaCed by the "Audit Guide and 5tandards �a� Reven.ue Sharing Recipients" <br />pursuant to �i�le I of S�ate and Local F�.scal Assistance Ac� of 1972 1'ubl.ic <br />Law 92-512. <br />The tiiuing of our field audit work and. related zepor�ir►.g will be such as to <br />aJ.low deli�crery of �he final report to you on or betore May 15, �975. We wx11 <br />prova.de Mr. Sholund with a lis� of schedules and �nalqsis which shouid be pre- <br />pared by the accoun.ting personneJ. pxxor �o commeztcemen� o� our fi.nai audi� <br />work. We wi11 also obtain the assi.stance of yotxr accoun.tin.g staff as appro- <br />priate to limi� our �itne requirements to the ex�ent practica�le. <br />Our fee for the examination of �inan,cial s�a�emez�.ts of the Ci�y af-Roseville <br />are necessarily based on the amoun� of time we spend. As we discv.ssed during <br />our meeting oE Septecnber 18, we wil], bx].1 our time at axa. overall rate of $18 <br />per hour no� to exceed an aggregate of $14,000, plus reimbursecnent of out-of- <br />pocket expenses. <br />Szxtce o�.r znee�ing oxz September I8, you h.ave izxfarmed us that it wx].1 be x�eces- <br />sarq to zepvr� separa�el.y on the Fede�ral Revenue Sharing Fund as stipu�ated by <br />the "A�a.dit �v.zde aktd.- Standards fo:r Revenu� Sharizxg Recipients". Qur fee for <br />�.is report wi.l7. x�ot exceed $750, plus reimbursement of repor� reprodu.ctxon <br />expenses. <br />If you have quest�.ons abou� �hese ma�ters or if }rou requzre additivnal intor- <br />mation, please 1e� us know. <br />Very truZy ya�zrs, <br />P�AT,IMARWICK, MI�CHELL & Cq. <br />� <br />�_t� � 1 ����• /�.%` � <br />Zc�[� L �� <br />r <br />Howard E. Daltan, Partn.ex� <br />HED:k� <br />