07-13-1992 Council Packet - Laserfiche WebLink

Home Browse Search

< ’'ii A. I p- S’Si ^'K. -'i; %-i'.^w( b IW'Vr:-I Ill M<?Pf«NCIf¥kLS >««CTM w. mmjjov, cm tMOMM A. KAANOMM, OfM muL A AAOoaivioH. cm ;s REPORT City Council and Residents City of Orono Orono, Minnesota Wt have audited the general purpose financial statements of the City of Orono. Minnesota, as of and for tN year ended December 31. 1991, as listed in the table of contents These general purpose financial •UMOienta are the responsibility of the City ’s management Our responsibility is to express an opinion <M these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test hasia, fvIdeiKe supporting the amounts and disclosures in the general purpose financial statements. An mkUI also inclutto assessing the accounting principles used and significant estimates made by mHiagement. as well as evaluating the overall general purpose financial statement presentation. We brieve that our audit provides a reasonable basis for our opinion Ia our opinion, the general purpose financial statements referred to above present fairly, in all material rwpects, dw financial position of the City of Orono at Deconber 31. 1991. and ^e results of its opvaiioftt, changes in fiind balance, and ca^ flows of the Proprietary Fund Type for the year dien ended ia conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statcmcms t^MU as a whole. The combining and indivkhial fond and firumcial schedules as listed in the table of cooMlB are presented for purpose of additkmai analysis and ve not a required part of die general putpoie fimmcial statements. Such infomunion has been subjected to the auditing procedures applied in our audh of the general purpose financial statements and. in our opinion, is fairly stated in all nuneri^ reflects In r^ation to the general purpose financial statemems taken as a whole (CtHKjfHMd} 15- ■■•i 1