07-27-1998 Council Packet - Laserfiche WebLink

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/■aOa. A! w A .. > May 15, 1998 GITYof ORONO Municipal Offices Street Address: 2750 Kelley Parkway Orono, MN 55356 Mailing Address: P.O. Box 66 Crystal Bay. MN 55323 0066 To the City Council and Citizens of the City of Orono ♦ • • t « The Comprehensive Annual Financial Report of the City of Orono for the fiscal year ending December 31 1997 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 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 Annt^l Financial Report is presented in four sections; Introductory, Financial, Statistical, 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 1996 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 Other Required Reports Section contains various Independent Auditor’s report letters on internal control and legal compliance. All City funds and account ^oups, depanments, 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. Included within the reporting entity is the Orono Housing and Redevelopment Authority, whose board is comprised of the mayor and council members. There are no other organizations that when considered would be included in the general purpose financial statements. 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 to the cities of Long Lake, Spring Park, and Minnetonka Beach. The City also provides building inspection and/or animal control services to these cities. 1 * -3- Tdephooe (612) 473-7357 • FAX 4734)510