CC PACKET 01121988 - Laserfiche WebLink

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STUART J . BONNIWELL Certified Public Accountant • 7101 York Avenue South Telephone Minneapolis, Minnesota 55435 (612) 921-3354 December 21, 1987 Mr. David M. Childs City Manager City of St. Anthony 3301 Silver Lake Road St. Anthony, MN 55418 Dear Mr. Childs: I wish to confirm my understanding of the arrangements for the services to be performed for the City of St. Anthony for the year ending December 31, 1987. If these arrangements are in accordance with your understanding, please sign this letter and return it to me in the enclosed envelope. I will examine the financial statements of the City of St. Anthony for the year ending December 31, 1987, and express an opinion on the fairness of presentation of the statements in conformity with generally accepted accounting principles. My ability to express an opinion and the wording of my opinion will depend on the facts and circumstances at the date of the report. If my opinion will be other than unqualified, I will discuss the reasons with you before submitting a different kind of report. The financial statements are the representation of management, who has the responsibility for properly recording transactions, for safeguarding assets and for establishing a system of internal control that will, among. other things, help assure the accuracy of the financial statements. My examination will be performed in accordance with generally accepted auditing standards, which will include a review of the system of internal control, analytical reviews and tests of the transactions to the extent I consider necessary. It will include selective testing of sample trans actions, but it will not include a detailed audit of transactions to the extent necessary to disclose defalcations or other irregularities should any exist.