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KERN • DEWENTER•VIERE
<br />INDEPENDENT AUDITORS' REPORT
<br />May 31, 2002
<br />The Honorable Mayor and Members
<br />of the Ciry Council of the
<br />City of Roseville, Minnesota
<br />We have audited the accompanying basic financial statements of the City of Roseville, Minnesota, as of and for the
<br />year ended December 31, 2001, as listed in the table of contents. These basic financial statements are the
<br />responsibility of the City's management. Our responsibility is to express an opinion on these basic financial
<br />statements based on our audit.
<br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America
<br />and the standards applicable to financial audits contained in Government Auditing Standards, issued by the
<br />Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain
<br />reasonable assurance about whether the financial statements are free of material misstatement. An sudit includes
<br />examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
<br />also includes assessing the accounting principles used and significant estimates made by management, as well as
<br />evaluating the overall imancial statement presentation. We believe that our audit pmvides a reasonable basis for our
<br />opinion.
<br />In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial
<br />posirion of the City of Roseville, Minnesota as of December 31, 2001, and the results of its activities, operarions and
<br />the cash flows of its proprietary funds for the year then ended in confornuty with accounting principles generally
<br />accepted in the United States of America.
<br />The City has adopted the provisions of the Governmental Accounting Standards Board Statements No. 34, Basic
<br />Financial Statements—and Management's Discussion and Analysis— for State and Local Governments, and No. 33,
<br />Accounting and Financial Reporting for Nonexchange Transactions, as of January 1, 2000.
<br />In accordance with Government Auditing Standards, we have also issued under separate cover, our report dated May
<br />31, 2001 on our considerarion of the City of Roseville, Minnesota's internal control over financial reporting and our
<br />tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral
<br />part of an audit performed in accordance with Government Auditing Standards and should be read in conjuncrion
<br />with this report in considering the results of our audit.
<br />The ManagemenYs Discussion and Analysis is not a required part of the basic financial statements but is
<br />supplemental information required by the Govemmental Accounting Standards Board. We have applied certain
<br />limited procedures, which consisted primarily of management inquiries regarding the methods of ineasurement and
<br />presentation of the supplemental information. However, we did not audit the information and express no opinion on
<br />it.
<br />Our audit was performed for the purpose of forming an opinion on the basic financial statements of the City of
<br />Roseville, Minnesota taken as a whole. The accompanying informarion identified in the table of contents as
<br />combining and individual fund fmancial statements, schedules and supplemental information is presented for
<br />pwposes of additional analysis and is not a required part of the basic financial statements and, in our opinion, is
<br />fairly stated, in all material respects in relation to the basic financial statements taken as a whole.
<br />The information idenrified in the table of contents as the Introductory and Statistical Sections is presented for
<br />purposes of addirional analysis and is not a required part of the basic financial statements of the City of Roseville,
<br />Minnesota. This information has not been subjected to any audit procedures and, accordingly, we express no
<br />opinion on it.
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<br />Kern, DeWenter, Viere, Ltd.
<br />St. Cloud, Minnesota
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