Annual_Report_1992_001 - Laserfiche WebLink

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Special Requirements (including): • Timing of expendimres • Environmental reviews • Program income Claims for Advances and Reimbursements Amounts Claimed or Used for Matching The management of the City of Roseville, Minnesota is responsible for establishing and maintaining intemal control systems used in administering federal financial assistance programs. tn fulfilling tha; responsibiliry, estimates and judgments by management are required to assess the e�ected benefits and rela[ed costs of control procedures. The objectives of internal control systems used in adminiscering federal financial assistance programs are to provide management with reasonable, but not absolute, aswrance [hat, with respece to federal financial assistance programs, resource use is consistent with laws, regulations and poticies; resources are safeguarded against waste, loss and misuse; and reliable data are obtained, maintained and fairly disclosed in reports. Because of inherent limitations in any system of intemal accounting and administrative controis used in administering federa! financial assistance programs, errors or irregulari[ies may ne�rtheless occur and not be detected. ALso, projection of any evaluation of the sysrems to future periods is subject ro the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study included all of the applicabie control categories listed above. During the year ended December 31, 1942, the City of Roseville, Minnesota had no major federal financial assistance programs and eapended 86 percent of its total federal financial assistance under the following nonmajor federal financial assistance progam. Communiry De�lopment Block Grant ' With respect to internal control systems used in adminiscering the abo� listed nonmajor federal financial assistance program, our study and evaluation included consideriag the types of errors and irregularities that could occur, determining the internal controi procedures that should prevent or detect such errors and inegularities, determining whether the necessary procedures are prescribed and are being followed satisfactorily, and evnluating any wealmesses. With respect to the intemal control systems used solely in administering the nonmajor federal financia! assistance programs of the City of Roseville, Minnesota, that are not listed abo�e, our study and evaluation wns limited to a preliminary review of the systems to obtain an understanding of the control environment and the flow of aansactions through the accounting sysrem. Our study and e�aluacion of the internal controi syscems used solely in administering these nonma,jor federal financial assistance programs of the City did not euend be}rond this preliminary review phase. Our study and evdivation was more limited than woutd be necessary to e�ress an opinion on tlie internal convol systems used in administering the federal financial assistance programs of the City of Roseville, Minnesota. Accordingly, we do not e�ress an opiuion on the internal control systems uud in administering the federal Snancial assistance programs of the City. 112