VLAWMO Annual Financial Report 2009

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ABDO Oil o SICK04 & i mEuRsup Certified Public Accountants & Consultants 5201 Eden Avenue Suite 370 Edina, MN 5.5436 REPORT ON MINNESOTA LEGAL COMPLIANCE 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, 2009, and have issued our report thereon dated March 24, 2010. 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 seven main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, tax increment financing and other miscellaneous provisions. 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 applicable legal provisions. This report is intended solely for the information and use of the Board of Directors, migement and the Minnesota Office of the State Auditor, and is not intended to be and should not be used by anyone other than these specified parties. Oa) March 24, 2010 ABDO, EICK & MEYERS, LLP Minneapolis, Minnesota Certified Public Accountants 952.835.9090 • Fax 952.835 3261 www.aemepas.com -43-