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Cl M R
<br />F ]2'I' t � f F 17 PUBLIC
<br />INDEPENDENT AUDITOR'S REPORT
<br />To the City Council and Residents
<br />City of Roseville, Minnesota
<br />PRINCIPALS
<br />ewicdi W MaBoy, CPA
<br />Thomas . M on Cague, CPA
<br />Thomas A. Karnowski, CPA
<br />Paul A. Rados riche, CPA
<br />William J. Lauer, CPA
<br />Jams H. Eichren, C11A
<br />Aaron J. Nielsen, C13A
<br />ctor a L. Hol i n lea, C 1'
<br />We have audited the accompanying financial statements of the governmental activities, the business -type
<br />activities, the discretely presented component unit, each major fund, and the aggregate remaining fund
<br />information of the City of Roseville (the City) as of and for the year ended December 31, 2009, which
<br />collectively comprise the City's basic financial statements as listed in the table of contents. These
<br />financial statements are the responsibility of the City's management. Our responsibility is to express
<br />opinions on these financial statements based on our audit. The prior year partial comparative information
<br />presented has been derived from the City's financial statements for the year ended December 31, 2008,
<br />and in our report dated May 12, 2009, we expressed unqualified opinions on the respective financial
<br />statements of the governmental activities, the business -type activities, the discretely presented component
<br />unit, each major fund, and the aggregate remaining fund information.
<br />We conducted our audit in accordance with auditing standards generally accepted in the United States of
<br />America and the standards applicable to financial audits contained in Government Auditing Standards,
<br />issued by the Comptroller General of the United States. Those standards require that we plan and perform
<br />the audit to obtain reasonable assurance about whether the financial statements are free of material
<br />misstatement. An audit includes consideration of internal control over financial reporting as a basis for
<br />designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
<br />an opinion on the effectiveness of the City's internal control over financial reporting. Accordingly, we
<br />express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts
<br />and disclosures in the financial statements. An audit also includes assessing the accounting principles
<br />used and significant estimates made by management, as well as evaluating the overall financial statement
<br />presentation. We believe that our audit provides a reasonable basis for our opinions.
<br />In our opinion, the financial statements referred to above present fairly, in all material respects, the
<br />respective financial position of the governmental activities, the business -type activities, the discretely
<br />presented component unit, each major fund, and the aggregate remaining fund information of the City as
<br />of December 31, 2009, and the respective changes in financial position and cash flows, where applicable
<br />thereof, and the respective budgetary comparison for the General Fund and the major special revenue
<br />funds for the year then ended, in conformity with accounting principles generally accepted in the United
<br />States of America.
<br />The financial statements include partial prior year comparative information. Such information does not
<br />include all of the information required in a presentation in conformity with accounting principles
<br />generally accepted in the United States of America. Accordingly, such information should be read in
<br />conjunction with the City's financial statements for the year ended December 31, 2008, from which such
<br />partial information was derived.
<br />(continued)
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<br />Malloy, Montague, Karnowski, Radosevich & Co., P.A.
<br />53 53 Wayzata BouIevard * S uite 41 0 ■ Miiineapolis, MN 5 5 416 * Telephone: 9 52_54 5 -0424 * Telefax: 9 5 2- 5 -0569 9 www. ni.m.kr.co
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