07-10-1995 Council Packet - Laserfiche WebLink

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GITYof ORONO Munkipal Offices PmI Office Box M Crysiy Mkinaoli 5S3i23«66 May 17, 1995 To the City Council and Citizens of the City of Oront) The Comprehensive Annual Financial Report of the City of Or«mo for the fiscal ycai ending December 31, 1994 is hereby submitted. Re.sponsibility 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 ail material respects and is reported in a manner designed to present 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 understanding 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 lntroductt>ry 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 1993 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 report letters on internal control and legal compliance. All City funds and account groups, departments, commi.ssions. 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 would be included in the general purpose financial statements. The City provides a variety of municipal services. These include pt'lice protection, street maintenance, building inspection, planning and zoning, public improvements, general administrative services, public water and sewer utilities, and a municipal g('If course The City contracts tor fire protection fn>m the neighboring cities of Long Lake. Wayzata. Mound, and Maple Plain, and the City provides police protection and/'or building inspection services and/or animal control services ti' the cities of Long Lake. Spring Park, and Minnetonka Beach. 1 KI.KI’llOSK - 47.V7.\.S7 • VW - 47.M15I0