08/22/2017 - Laserfiche WebLink

Home Browse Search

M KR CERTIFIED PUBLIC ACCOUNTANTS August 2, 2017 Heather Butkowski City Administrator City 0? Lauderdale 1891 Walnut Street Lauderdale, MN 55113 Dear Ms. Butkowski: PRINCIP Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA We are pleased to submit this proposal to provide auditing services for the City of Lauderdale, Minnesota (the City) for the yearending December 31.2O17.2D18.and 2O18. Our audits will be conducted in accordance with auditing standards generally accepted in the United States of America and the provisions of the Legal Compliance Audit Guide, promulgated by the Office of the State Auditor pursuant to Minnesota Statute § 6.65. If necessary, our audits will also be conducted in accordance with the standards for financial and compliance audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act; the provisions of the U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations; and any other applicable state or federal audit guide. We anticipate issuing the foliowing report Ietters in relation to the City's audit: 1. An opinion on the fair presentation of the City's basic financial statements in conformity with accounting principles generally accepted in the United States of America, with an "in relation to" opinion on the combining and individual fund financial statements and supporting schedules. 2. A report on compliance and internal control over financial reporting based on an audit of financial statements performed in accordance with Government Auditing Standards. 3. A report on compliance with Minnesota State Laws and Regulations. We understand that the City does not expect to earn more than $750,000 in federal funding during the year ending December 31, 2017 and does not expect to need a Single Audit of its Federal Awards Programs. We will also provide a management report to communicate commets and recommendations as a result of the audit. Our management report will include the formal communications to the City's audit/finance committee or its equivalent as required by Statement on Auditing Standards No. 114, The Auditor's Communication With Those Charged With Governance, including: • The auditor's responsibility under auditing standards generally accepted in the United States of America, • Planned scope and timing ofthe audit, • Significant findings from the audit, • Significant accounting policies, • Managementjudgments and accounting estimates, • Significant audit adjustments, • Other information in documents containing audited financial statements, • Disagreements with management, • Management consultation with other accountants, • Major issues discussed with management prior to retention, and • Difficulties encountered in performing the audit. -1- Malloy, Montague, Karnowski, Radosevich & Co.. P.A. 5353 Wayucu Boulevard ~ Suite 410 ~ Minneapolis, MN 55416 ~ Phone: 952-545-0424 ~ Fax: 952-545-0569 ~ www.mmkr.com