07-08-1996 Council Packet - Laserfiche WebLink

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r \ I I ii I I I 1 o o A V GITYof ORONO \v’^ ,i .Af/Municipal OfTkes Street Address: 2750 Kelley Parkway Orono. MN 55356 Mailing Address: P.O Bo* 66 Crystal Bay. MN 55323 0066 May 29, 1996 To the City Courxil and Citizens of the City of Orono The Comprehensive Annual Financial Report of the City of Orono for the fiscal year ending December 31. 1995 is hereby submitted. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reponed in a manner designed to p.esent fairly the financial position and results of operations of the various funds and account groups of the City. All disclosures necessary ’ to enable the reader to gain an uiKlerstanding of the City's financial activities have been included. The Comprehensive Annual Financial Report is presented in four sections: Introductory, Financial, Statistical, and Internal Control Structure and Other Required Reports. The Introductory Section includes this transmittal letter, the City ’s organizational chart, a list of principal officials, and a copy of the GFOA Certificate of Achievement Award for the City's 1994 Comprehensive Annual Financial Report. The Financial Section includes the general purpose financial statements, the combining and individual fund statements, financial schedules, and the Independent Auditor's Report on the general purpose financial statements. The Statistical Section includes selected financial and demographic information, generally presented on a multi-year basis. The Internal Control Structure and Other Required Reports Section contains various Independent Auditor's repon letters on internal control and legal compliance. All City funds and account groups, departments, commissions, and other organizations for which the Mayor and City Council of the City of Orono are financially accountable are presented in the City of Orono's Comprehensive Annual Financial Report. There are no other organizations that when considered w'ould be included in the general purpose financial statements. The City provides a variety of municipal services. These include police protection, street maintenance, building inspection, planning and zoning, public improvements, general administrative services, public water and sewer utilities, and a municipal golf course. The City contracts for fire protection from the neighboring cities of Long Lake, Wayzata, Mound, and Maple Plain; and the City provides police protection and/or building inspection sers ices and/or animal control services to the cities of Long Lake, Spring Park, and Minnetonka Beach. -3- Tclephone (612) 473-7357 • FAX 473-0510