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March 11, 1958 <br />To the Board of Trustees and Residents <br />Village of Lino Lakes <br />Anoka County, Minnesota <br />We have performed an audit of the accounting records of the Village <br />of Lino Lakes, Minnesota for the year 1957. Our examination was made in <br />accordance with generally accepted auditing standards and included such <br />checking procedures as we felt necessary under the circumstances. <br />Results of our examination are presented in the following Exhibits <br />and Comments: <br />Exhibit A 4 Fund Balances <br />Exhibit B General Fund <br />Exhibit C d Road Fund <br />Exhibit D . Snow Fund <br />Exhibit E o Gopher Fund <br />Exhibit F - Fire Fund <br />Exhibit G - Civil Defense <br />Exhibit H - Park Fund <br />Exhibit 1 @ Requirements for Debt Redemption <br />ganandat <br />Based on our observations during the course of the audit, we <br />submit the following comments and suggestions s <br />1. The July 1957 settlement from the county auditor in. <br />eluded 0162.11 for the Civil Defense Fund. This was <br />credited direct to the General Fund. We have shown <br />the amount in net transfers to the General Fund. Other <br />receipts and disbursements appear to be appropriately <br />classified. <br />20 During the first part of the year, mans disbursements <br />were made without appropriate signed claims. Following <br />the recommendation in our audit report dated April 17, <br />1957, procedures were altered, and most of the payments <br />during the last half of the year are supported by proper <br />claims. There continued to be a few exceptions, however. <br />