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February 6, 2004 Ms. Heather Worthington City of Falcon Heights 2077 W. Larpenteur Falcon Heights, MN 55113-5594. Dear Ms. Worthington: We are pleased to confirm our understanding of the services we are to provide to the City of Falcon Heights, Minnesota, for the year ended December 31, 2003. We will audit the financial statements of the City of Falcon Heights, Minnesota, as of and for the year ended December 31, 2003. Also, the document we submit to you will include the ~~ ` '- combining and individual fund financial statements and schedules that will be subjected to the auditing procedures applied in our audit of the financial statements. • The management's discussion and analysis that is a required component of the basic financial statements will be subjected to certain limited procedures, but will not be subjected to the auditing procedures applied in our audit, and for which our auditors' report will disclaim an opinion. The statistical information that is a part of the Comprehensive Annual Financial Report will not be subjected to the auditing procedures applied in our audit of the financial statements, and for which our auditors' report will disclaim an opinion. Audit Objectives The objective of our audit is the expression of an opinion as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the additional information referred to in the first paragraph when considered in relation to the financial statements taken as a whole. Our audit will be conducted in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the City and other procedures we consider necessary to enable us to express such an opinion. If our opinion on the financial statements is other than unqualified, we will fully discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or to issue a report as a result of this engagement. • We will also provide reports (that do not include opinions) on internal control related to the financial statements and compliance with laws, regulations, and the provisions of Expert advice. When you need it'" Minneapolis St. Cloud Waite Park wxnwkdv.com 7100 Northland Circle N. 220 Park Avenue S. ~ 415 3rd Street N. CettifiedPublicAccmmtnnts Suite 119 CU. Box 1304 Suite 100 !;77.912.7696 Finnncin/ Services Minneapolis, Minnesota St. Cloud, Minnesota Waite Park, Minnesota Orgunizn[ion Denelopmertt 55425-1500 56302 SG3S7-2510 Technology Flelp Desk: Su~ategic Cmuulting Phone: 763.537.3011 Phone: 320.251.7010 0 0 ~ 866.400.6426 ~~ Phonc: 30.252., OGO TecJmolagy Services Pax: 763.537.9682 Fax: 32Q2S1.1. i84 Pax: 320.252.9627