Laserfiche WebLink
• ABDO <br />w. Jt IEICK <br />0414 _ MEi'ERSLLP <br />Certed Public Accountants & Consultants <br />• <br />5201 Eden Avenue <br />Suite 370 <br />Edina, MN 554.36 <br />REPORT ON INTERNAL CONTROL <br />OVER FINANCIAL REPORTING BASED ON AN AUDIT OF <br />FINANCIAL STATEMENTS <br />Board of Directors <br />Vadnais Lake Area Water Management Organization <br />Vadnais Heights, Minnesota <br />In planning and performing our audit of the financial statements of the governmental activities and each major fund of the Vadnais <br />Lake Area Water Management Organization (the Organization) as of and for the year ended December 31, 2009, in accordance <br />with auditing standards generally accepted in the United States of America, we considered the Organi7ation's internal control over <br />financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial <br />statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization's internal control over <br />financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Organisation's intemal control over <br />financial reporting. <br />Our consideration of internal control over financial reporting was for the limited purpose described in the preceding paragraph and <br />was not designed to identify all deficiencies in internal control over financial reporting that might be significant deficiencies or <br />material weaknesses and therefore, there can be no assurance that all such deficiencies have been identified. However, as <br />discussed below, we identified certain deficiencies in intemal control over financial reporting that we consider to be material <br />weaknesses and other deficiencies that we consider to be significant deficiencies. <br />A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow <br />management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct <br />misstatements on a timely basis. A material weakness is a deficiency or combination of deficiencies in internal control, such that <br />there is a reasonable possibility that a material misstatement of the Organi7ation's financial statements will not be prevented, or <br />detected and corrected on a timely basis. We consider the deficiencies presented as findings 2009-3and 2009-4 in the schedule of <br />findings and responses to be material weaknesses in internal control over financial reporting. <br />A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less <br />severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the <br />deficiencies presented as findings 2009-land 2009-2 in the schedule of findings and responses to be significant deficiencies in <br />internal control over financial reporting. <br />952.835.9090 • Fax 952.835.3261 <br />www.aemepas.com <br />-44- <br />