CC RES 01-012 A RESOLUTION TO APPOINT A CITY PROSECUTING ATTORNEY

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• STUART J. BONNIWELL Certified Public Accountant 7101 York Avenue South- Suite 50 ° Office: (612)921-3325 Minneapolis,MN 55435 Fax: (612)921-3331 The CPA-Neer W.Oe+eslnufe The valve._ December 18, 2000 Chairman and Commissioners Housing arid Redevelopment Authority of St. Anthony City of St. Anthony 3301 Silver Lake Road St. Anthony, Minnesota 55418 I am pleased to confirm our undersLanding of the services to be provided the Housing and Redevelopment Authority of SL. Anthony, NlirinesoLa, a component unit of the City of St. Anthony, ilirrnesoLa, for- the year ended December 31, 2000. I will audit the general purpose financial staLemerlLs of the Housing and Redevelopment of St. Anthony as of and for the year ended December 31, 2000. Also, the financial report submitted to you will include conibirang statements by fund type, individual fund and account group statements LhaL v.iii be subjected to tine auditing procedures applied in the audit of Lhe general purpose financial statements. • AUDIT OBJECTIVE The objective of Lhe audiL is the eXpi•ession of an opinion as to t:hether the general Purpose financial sLaLen:errLs are fairly pr•est rnLed, in all material respects, in con- formity %.iLh 'enerally accepLed accounting principles and to report on the fairness of the additional inforniaLlorr referred to in the first paragraph when considered in relation to the 'Serrei•al purpose financial statements taken as a ti hole. The audit will be conducted in accordance with verlerall.v accepted auditing standards arrd Lhe standards for financial audits contained ill Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of tile ac- counting records of the Housir:' arrd Redevelopment Authority of St. Anthony, .Minne- sota arid other procedures considered necessary to enable me to express such an opinion. If the opinion ori Lhe serieral purpose financial statements is other than unqualified, I Will full.- discuss the reasons %,iLi: �-ou before submitting a different kind of report. If, for any reason, I and unable to complete the audit or am unable to form or have riot forined all opinion, I may decline to express an opinion or to issue a report as a resulL of this engagement. MA?NAGEIiENT RESPONSIBILITIES The management of the Housing and Redevelopment Authority of St. Anthony, Nlinnesota is responsible for establishing arid maintaining internal control and for compliance with laws, regulations, contracts, and a.greenients. In fulfilling this responsibility, estimates and ,judgments by management are required to assess the expected benefits • and related costs of Lhe controls. Tire objectives of internal control are to pro- vide management v iLh reasonable, but not absolute, assurance that assets are safe- guarded against loss from unauLhorized use or disposition, that transactions are executed in accordance k%ith mariageineriCs authorization and recorded properly to permit the preparation of Lhe general purpose financial statements in accordance with generally accepted accounting principles.