07-08-1996 Council Packet - Laserfiche WebLink

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M<^MAULOY PRINOPAIS KENNETH W MALLOY CPA THOMAS M MONTAGUE CPA THOMAS A KARNOWSKI. CPA PAUL A RAOOSEVICH CPA WtLLIAM J LAUER CPA INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH MINNESOTA STATE LAWS AND REGULATIONS City Council and Residents City’ of Orono Orono, Minnesota We have audited the general purpose financial statements of the City of Orono, Minnesota, as of and for the year ended December 31, 1995, and have issued our report thereon dated May 29, 1996. We conducted our audit in accordance with generally accepted auditing standards and the provisions of the Minnesota 1 .gyal Compliance Audit Guide for Local Government promulgated by the Legal Compliance Task Force pursuant to Minnesota Stamtes § 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The Minnesota Legal Compliance Audit Guide for Local Government covers five main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, and claims and disbursements. Our study included all of the listed categories. The results of our tests indicate that for the items tested the City of Orono complied with the material terms and conditions of applicable legal provisions, except as described in the Schedule of Findings and Questioned Cost. Further, for the items not tested, based on our audit and the procedures referred to above, nothing came to our attention to indicate that the City had not complied with such legal provisions. This report is intended for the information of the City Council and management of the City jf Orono. However, this report is a matter of public record and its distribution is not limited. ' May 29, 1996 cev^TiFico f^LJOLIC ACCOOMT 410 PARK NATIONAL BANK BUU OING 5353 WAVZATA BOULEVARD MINNEAPOLIS MINNESOTA 55416 TELEPHONE 61? S45 04?4 TELEFAX 61? 545 0569 -131-