Annual_Report_1995_001 - Laserfiche WebLink

Home

Eide Helmeke PLLP Certified Public Accountants & Consultants INDEPENDENT AUDTTOR'S REPORT ON INTERNAL CONTROL The Honomble Mayor and Members of the City Council City of Roseville Roseville, Minnesota We have audited the general purpose financial statemenu of the City of Roseville, Minnesota, as of and for the year ended December 31, 1995, and have issued our report thereon dated Aprii 12, 1996. We conducted our audit in accordance with generally accepted auditing standazds and Government Auditing Standards, issued by the Comptroller General of the United States. Those standazds require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements aze free of material misstatement. The management of the City of Roseville, is responsible for estab]ishing and maintaining an intemal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefiu and related cosu of intemal control structure policies and procedures. The objectives of an internal control structure aze to provide management with reasonable, but not absolute, assurance that asseu aze safe�uarded aeainst loss from unauthorized use or disposition, and that transactions are executed in accordance with managemenYs authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any intemal control structure, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. In plannine and performing our audit of the financial statemenu of the City of Roseville, for the year ended December 31, 1995, we obtained an understanding of the intemal conVol structure. With respect to the intemal control structure, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide an opinion on the internal control structure. Accordingly, we do not express such an opinion. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that mieht be material weaknesses under standards established by the American lnstitute of Certified Public Accountants. A material weakness is a reportable condition in which the design or operation of one or more of the specific intemal control structure elements does not reduce to a relatively low level the rise that errors or irregularities in amounts that would be material in relation to the financial statement being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control structure and its operation that we consider to be material weaknesses as defined above. 124