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a orm i' �M�iCO r.ltj� COUIICII City of F,oseville, Minnesota GEOFIGE M. HANSEN COMPANY, P,A. A Profe.w'ianal Corporalion of Certifed Publir Arroumm��s We have examined the combined financial statements of the City of Roseville, Minnesota, as of and for the year ended December 31, 1985, and have issued our report thereon dated April 4, 1986. As part of our examination, we made a study and evaluation of the system of internal accounting control of the City to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards and the standards for financial and compliance audits contained in the II.S. General Accounting Office's Standards for Audjt o Governmental Oreanizations Progr4�s Activities and Functi¢n�, the Single Audit Act of 1984 and the provisions of OMB Circular A-128 Aud;t,s of State and L.ocal Governments. For the purpose of this report, we have classified the significant internal accounting controls in the categories of revenues, disbursements, financing and external financial reporting. The purpose of our study and evaluation was to determine the nature, timing and extent of performing the auditing procedures necessary for expressing an opinion on the entity's financial statements. Our study and evaluation was more limited than would be necessary to express an opinion on the system of internal accounting control taken as a whole or on any of the categories of controls identified above. The City is responsible for establishing and maintaining a syatem of internal accounting control. In fulfiiling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of a system are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, the City is managing its Federal financial assistance progr�s in compliance with laws and regulations, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any system of internal accounting control, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance witb the procedures may deteriorate. Our study and evaluation made for the limited purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system. Accordingly, we do not express an opinion on the system of internal accounting control of the City taken as a whole or on any of the categories of controls identified in the first paragraph. Our study and evaluation disclosed no conditions that we believe to be material weaknesses. This report is audit agency, purpose. .�� e� April 17, 1986 intended solely for the use of the City, the Federal cognizant and other Federal agencies�and should not be used far any other ��/� /'V'w"'.ZG✓( �� / �� 1433 1JTICA AVENLIE 90UTH, 9LIITE 175 MINNEP:POLI9, MINNESOTA 55416 612/546-2566