09-09-1992 Council Agenda - Laserfiche WebLink

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1 1 TAUTGES, REDPATH & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS 1 i INDEPENDENT AUDITORS REPORT 1 To the Board of Directors Little Canada Firemen's Relief Association Little Canada, Minnesota 55117 We have audited the accompanying financial statements of the Little Canada Firemen's Relief Association General Fund and Special Fund (Pension Trust Fund) as of December 31, 1991 and for the year then ended as listed in the table of contents. These financial statements are the responsibility of the Relief Association's management. Our responsibility is to express an opinion on these financial statements based on our audit. 1 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 financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the 1 amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Little Canada Firemen's Relief Association, as of December 31, 1991, and the results of its operations for the year then ended in conformity with generally accepted accounting principles. Our audit was conducted for the purpose of forming an opinion on the aforementioned financial statements taken as a whole. The accompanying financial information listed as supplemental financial information in the table of contents is presented for purposes of additional analysis and is not a required part of the financial 1 statements of the Little Canada Firemen's Relief Association. Such information, except for that portion marked "unaudited ", on which we express no opinion, has been subjected to the auditing procedures applied in the audit of the General and Special Fund financial statements and, in our opinion, is fairly presented in 1 all material respects in relation to the financial statements of each of the respective individual funds, taken as a whole. February 27, 1992 TAUTGES, REDPATH & CO., LTD. 1 Certified Public Accountants 1 1 1 Page 30 4810 White Bear Parkway • Whne Bear Lake. Minnesota 55110 • 612/426 -7000 • FAX 426 -5004