01/23/1995 Council Packet - Laserfiche WebLink

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JOHNSON, WEST & COMPANY PROFESSIONAL LIMITED LIABILITY COMPANY CERTIFIED PUBLIC ACCOUNTANTS 1400 PIONEER BUILDING 336 ROBERT STREET NORTH SAINTPAUL. MINNESOTA SSIIII RONALD I. CARLSON. C.P.A. 6I2 -727-943I MEMBERS OF AMERICAN INSTrTUTE OF CLIFFORD S. LOZINSKI. C.P.A. -- CERTIFIED PUB[IC ACCOUNTANTS PAUL M. KELNBERGER. C.P.A. TF1 ECOPIER 612-m-5138 DANIEL J. ST. MARTIN. C.P.A. STEVEN E MILLER. C.P.A. May 4, 1994 INDEPENDENT AUDITORS' REPORT Board of Directors RISE, Inc. Spring Lake Park, Minnesota We have audited the accompanying balance sheets of RISE, Inc. as of December 31, 1993 and 1992, and the related statements of support and revenue, expenses and capital additions, changes in fund balances, and cash flows for the years then ended. These financial statements are the responsibility of the Organization's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we pian 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 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 our audits provide 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 RISE, Inc. as of December 31, 1993 and 1992, and the results of its activity, changes in its fund balances, and its cash flows for the years then ended in conformity with generally accepted accounting principles. fhnson, West & Company /(2/'