Audit Report 12/31/1958 - Laserfiche WebLink

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June 29, 1959 To the Board of Trustees and Residents Village of Lino Lakes Anoka County, Minnesota We have performed an audit of the accounting records of the Village of Lino Lakes, Minnesota for year 1958. Our examination was made in accordance with generally accepted auditing standards and included such checking procedures as we felt necessary under the circumstances. Results of our examination are presented in the following Exhibits and Comments° Exhibit A - Exhibit B - Exhibit C - Exhibit D - Exhibit E - Exhibit F - Exhibit G - Exhibit H.- Exhibit 1 - Fund Balances General Fund Road Fund Gopher Fund Fire Fund Civil Defense Fund Park Fund Debt Redemption Fund Requirements for Debt Redemption COMMITS Based on our observations during the course of the audit, we submit the following comments and suggestions: 1. A number of the claims paid during the year under examination were honored without appropriate verification forms. While these vouchers were generally supported by invoices, and appeared to be proper in other respects, they cannot be considered complete. Minnesota statutes provide as follows: Sec. 471.38 claims. ! ".....the board or officer authorized by law to audit and allow claims shall not audit or allow the claim until the person claiming payment, or his agent, reduces it to writing, in items, and signs a declaration to the effect that such account, claim, or demand is just and correct; that no part of such account, claim or demand has been paid."