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06-24-2019 Council Packet
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06-24-2019 Council Packet
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Honorable Mayor and Members <br /> of the City Council <br />City of Little Canada <br />Page 3 <br /> <br />Management consultations with other independent accountants <br />In some cases, management may decide to consult with other accountants about auditing and <br />accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation <br />involves application of an accounting principle to the entity’s financial statements or a determination of <br />the type of auditors’ opinion that may be expressed on those statements, our professional standards <br />require the consulting accountant to check with us to determine that the consultant has all the relevant <br />facts. To our knowledge, there were no such consultations with other accountants. <br />Significant issues discussed with management prior to engagement <br />We generally discuss a variety of matters, including the application of accounting principles and <br />auditing standards, with management each year prior to engagement as the entity’s auditors. However, <br />these discussions occurred in the normal course of our professional relationship and our responses <br />were not a condition to our engagement. <br />Other audit findings or issues <br />The following describes findings or issues arising from the audit that are, in our professional judgment, <br />significant and relevant to your oversight of the financial reporting process: <br /> In 2018 the City reported a special item related to the transfer of capital assets to Ramsey <br />County. The assets were related to the reconstruction of Little Canada Road and Centerville <br />Road. As part of agreements with the County, the City managed and oversaw the projects and <br />was subsequently reimbursed by the County. Upon completion of the projects the assets were <br />then transferred to the County in the form of a special item in the 2018 financial statements. <br /> We have provided a separate letter to you dated June 11, 2019, communicating internal control <br />related matters identified during the audit. <br />Other information in documents containing audited financial statements <br />With respect to the required supplementary information (RSI) accompanying the financial statements, <br />we made certain inquiries of management about the methods of preparing the RSI, including whether <br />the RSI has been measured and presented in accordance with prescribed guidelines, whether the <br />methods of measurement and preparation have been changed from the prior period and the reasons <br />for any such changes, and whether there were any significant assumptions or interpretations underlying <br />the measurement or presentation of the RSI. We compared the RSI for consistency with management’s <br />responses to the foregoing inquiries, the basic financial statements, and other knowledge obtained <br />during the audit of the basic financial statements. Because these limited procedures do not provide <br />sufficient evidence, we did not express an opinion or provide any assurance on the RSI. <br />With respect to the combining and individual fund statements and schedules (collectively, the <br />supplementary information) accompanying the financial statements, on which we were engaged to <br />report in relation to the financial statements as a whole, we made certain inquiries of management and <br />evaluated the form, content, and methods of preparing the information to determine that the information <br />complies with accounting principles generally accepted in the United States of America, the method of <br />preparing it has not changed from the prior period or the reasons for such changes, and the information <br />is appropriate and complete in relation to our audit of the financial statements. We compared and <br />reconciled the supplementary information to the underlying accounting records used to prepare the
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