Agenda Packets - 1986/04/28 - Laserfiche WebLink

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VOTO, REARDON, TAUTGES & CO., LTD. VIM IF CERTIFIED /t1B11C ACCOUNIANTS Birch lake Professional Building a 1310 E. Hwy % a While Bear Like, MN SS110 a Rhnne 426-3263 April 30, 1986 some I. vote. CPA TI140110 A. BASOCOL CPA 9e T C. TAUTGK PA IAMB S. OWAIN. PA City of Mounds View 2401 Northeast Highway 10 Mounds View, Minnesota $5112 In accordance with your request to perform the required Pederel Compliance Audit of the Revenue Sharing program of the City of Mounds View, this letter confirms our understanding of the terms of the engagement. As a recipient of Revenue Sharing monies in excess of $25,000 per year, the City is required to have a special compliance audit eve,y Lluee yea,8. Me previous audit of the program was for the year ended December 31, 1982 and therefore, the City is required to have a compliance audit for 1985. We will perform the required compliance audit in conformance with generally accepted auditing standards and the Revenue Sharing Act as amended (Section 51.101). The audit will cover the year ended December 31, 1985. we will complete the audit And all required reports for submission to the Office of Revenue Sharing no later than August 31, 1995. We anticipate performing the audit In July or August, 1986. Our fee for service will be billed upon conclusion of the audit at our standard rates in effect. we agree to limit our fee for the engagement to $1,950 subject to the absence of significant noncompliance with the Revenue Sharing rules and regulations. Should we require an expanded scope and therefore greater fees, we will diacuss the situation with you prior to incurring cny such additional fees. If our actual hours are lean than Anticipated, we will bill the City only for those fees &ctually incurred. The audit fee is a qualifying Revenue Sharing expenditure and may be charged to the Revenue Sharing Fund. Efficient compilation of the audit requires the following information to be provided by the City: • Check numbers and supporting documentation (invoice, contract, etc.) for Revenue Sharing expenditures available for auditor's review. • Copies of report (actual use) filed with Office of Revenue Sharing. • Copies of publications of notice. • Copy of Census Bureau Form RS-S. • Copy of Revenue Sharing Budget for period under audit. • Copies of Council Mlnutmn applicable to Revenue Sharing Hearings and Budget. MfMKFS Of AAA RICAN pnIIrVtl OF CIRTIrIM / jKIC ACCOUNTANTS s PONATE COMPANIES /RACTICI SICTION MINNESOTA SMIETr OF CERTIIND TUNIC ACC04JNTAMTS 151 /`r.,r 1NA4Cfrwllr TRSASSOCIAIII/NeMP •ASSOCIA" rTE SCHOOL a1KI,era{IwrIr IALS