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FORM 06 - � .,..�..t:=a�. �r+,��f ,�x.a ,k+:� ��_ �.,.w ,..�; '�. �. �s, . � a d �r � x �m ', �� ,�. - � .':-� � • AUDITORS' REPORT ON INTERDIAL ACCOUNTING CONTROLS BASED SOLELY ON A STUDY AND EVALliATION MADE AS PART OF AN EXAMINA'PION OF THE GENERAL PURPOSE FINANCIAL STATEMENTS City Council City of Roseville, i�Iinnesota �4e have examined the general purpose financial statements of the City of Roseville, Minnesota, for tne year ended December 31, 1988, and have issued our reoort thereon dated March 30, 1989. As part of our examination, we made a study and evaluation of the system of internal accounting control of the City of Roseville, Minnesota, 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 U.S. General Accounting Office Standards for Audit of Govern- mental Organizations, Programs, Activities, and Functions. For the purpose of this report, we have classified the significant internal accounting controls in the followiag categories: cash and investments, receivables, inventory, fixed assets, payables and accrued liabilities, debt and fund equity. Our study included all of the control categories listed above. The purpose of our study and evaluation was to determine the nature, timing, and zxtent of 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 exoress an oninion on the system of internal accounting control taken as a whole or on any of the categories of controls identified above. The management of the City of Roseville, Minnesota is responsible for establishing and maintaining a system of internal accounting control. In fulfilling this responsibility, estimates and judge- ments 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 reason3ble, but not abso- lute, assurance tnat assets are safeguarded against loss from un- authorized use or disposition, and that transactions are executed in accordance with nanagement's authorization and recorded prop- erly to permit tne preparation of financial statements in accor- dance �.✓ith generally accepted accounting principles. 91