06-25-1990 Council Packet - Laserfiche WebLink

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CITY OF ORONO May 18, 1990 CITY of ORONO Post OfTice Box 66•Crystal Bay. Minnesota 55323 • MunidpaJ Offices On the North Shore of Lake Minnetonka Citizens of the City of Orono The Comprehensive Annual Financial Report of the City of Orono for the fiscal year ended December 31, 1989, 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 respect.^ 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 ot the City's financial activities have been included. The Comprehensive Annual Financial Report is presented in four sections: intro ductory, financial, statistical, and Internal control structure and other required reports. The Introductory Section includes this transmittal letter, the City organizational chart, and a list of principal officials. The Financial Section includes the general purpose financial statements and the combining and individual fund statements, as well as 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 con tains various Independent Auditor's report letters on Internal control and legal compliance. All City funds and account groups, departments, commissions, and other organiza tions over which the Mayor and City Council of the City of Orono exercise over sight responsibility 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 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. The City also contracts for engineering, legal, and assessing professional services and provides police protection and/or building inspection services and/or animal control services to the Cities of Long Lake, Spring Park, and Minnetonka Beach. Bl IU)iM;& /.OM\(, 47.V7J57 assussim ; ADMIMM RAI ION A HN \N( K 47.V7.V;« KAX - 473-0510 -1- Pl BIJC MOKKS - 473-7359