VLAWMO Annual Financial Report 2007

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ABDO 0,15 IEICK & , 1VIEYERSup Grandview Square 5201 Eden Avenue Suite 370 Edina, MN 55436 REPORT ON MINNESOTA LEGAL COMPLIANCE 7 Board of Directors Vadnais Lake Area Water Management Organization Vadnais Heights, Minnesota We have audited the financial statements of the governmental activities and each major fund of the Vadnais Lake Area Water Management Organization (the Organization), Vadnais Heights, Minnesota, as of and for the year ended December 31, 2007, and have issued our report thereon dated March 19, 2008. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the provisions of the Minnesota Legal Compliance Audit Guide for Local Government, promulgated by the Minnesota Office of the State Auditor pursuant to Minnesota statute, section 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing procedures, as we considered necessary in the circumstances. - The Minnesota Legal Compliance Audit Guide for Local Government covers five main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness and claims and disbursements. Our study included all of the listed categories. The results of our tests indicate that for the items tested, the Organization complied with the material terms and conditions of 1 applicable legal provisions. This report is intended solely for the information and use of the Board of Directors, management and the Minnesota Office of the 1 State Auditor, and is not intended to be and should not be used by anyone other than these specified parties. 0.61buLivieTio,u, March 19, 2008 ABDO, EICK & MEYERS, LLP Minneapolis, Minnesota Certified Public Accountants -18- 952.835.9090 • Fax 952.835.3261 www.aemcpas.com