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Voto, Tautges, Redpath & Co., Ltd. <br />Representation Letter, Page 2 <br />5. There are no: <br />a) Violations or possible violations of laws or regulations whose effects should be <br />considered for disclosure in the financial statements or as a basis for recording a loss <br />contingency. <br />b) Other material liabilities or gain or loss contingencies that are required to be accrued <br />or disclosed by Statement of Financial Accounting Standards No. 5, except as <br />disclosed in the letter from our City attorney. <br />c) Reservations or designations of fund equity that were not properly authorized or <br />approved. <br />6. There are no unasserted claims or assessments that the City attorney has advised us are <br />probable of assertion and must be disclosed in accordance with Statement of Financial <br />Accounting Standards No. 5. <br />7. There are no material transactions that have not been properly recorded in the accounting <br />records or related data underlying the financial statements. <br />8 . The City has satisfactory title to all owned assets, and there are no unrecorded liens or <br />encumbrances on such assets nor have any assets been pledged. The City does not have <br />title to leased computer equipment. <br />9. All significant (material) inventories of the Proprietary Fund types have been recorded <br />and disclosure has been made with regard to valuation basis. <br />10. The City has complied with all aspects of contractual agreements that would have a <br />material effect on the financial statements in the event of noncompliance. <br />12. No events have occurred subsequent to the balance sheet date that would require <br />adjustment to, or disclosure in, the financial statements. <br />It <br />tVitedlcC <br />acher, City Administrator <br />- <br />Date <br />tt li1110(±d <br />ri) <br />Paula Romocky City Accdintant <br />--1 <br />Date <br />