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July 22, 1996 <br />TAUTGES. REDPATH & CO.. LTD. <br />REr n/F0 <br />'JUL 2 1996 <br />C IT'u (v-•' <br />Mary Vaske, Finance Director <br />City of Lino Lakes <br />1189 Main Street <br />Lino Lakes, MN 55014-2123 <br />Re: Proposed Audit Fees <br />Dear Mary: <br />As you requested, this letter outlines our proposed audit fees for the City of Lino Lakes for the <br />fiscal years ending December 31, 1996, 1997 and 1998. <br />The scope of our services is proposed to be the same as the prior year and includes the following: <br />• Financial audit of all funds and account groups of the City in accordance with generally <br />accepted auditing standards as set forth by the American Institute of Certified Public <br />Accountants and the standards set for financial audits in the U.S. General Accounting office's <br />(GAO) Government Auditing Standards. <br />• Opinion scope to cover the general purpose financial statements with an "in -relation -to" <br />opinion on the combining individual fund and account group financial statements. <br />• The State Legal Compliance Audit is included in the scope of service. <br />• Typing and copying of the Comprehensive Annual Financial Report. <br />The audit of 1995 reflected favorable results as compared to our contract amount as follows: <br />Year <br />Contract Actual Difference <br />1995 $21,140 $20,831 ($309) <br />The City staff has done an excellent job in completing the year-end closing process and preparing <br />for audit. The quality work has allowed us to produce favorable results compared to estimates. <br />!i r <br />u.3tiorti3l <br />