6.2. SR 06-02-2014 - Laserfiche WebLink

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ABDO EICK & ME 1 E W LLP Certified Public Accountants& Consultants April 14,2014 Board of Trustees and Plan Participants Elk River Fire Department Relief Association Elk River,Minnesota We have audited the financial statements of the governmental and fiduciary activities of the Elk River Fire Department Relief Association(the Association)for the years ended December 31,2013 and 2012,and have issued our report thereon dated April 14,2014.Professional standards require that we provide you with the following information related to our audit. Our Responsibility under Auditing Standards Generally Accepted in the United States of America As stated in our engagement letter,our responsibility,as described by professional standards,is to express an opinion about whether the financial statements prepared by management with your oversight are fairly presented,in all material respects,in conformity with accounting principles generally accepted in the United States of America.Our audit of the financial statements does not relieve you or management of your responsibilities. Our responsibility is to plan and perform the audits to obtain reasonable,but not absolute,assurance that the financial statements are free of material misstatement.As part of our audits,we considered the internal control of the Association. Such considerations were solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control. Significant Audit Findings In planning and performing our audits of the financial statements of the Association for the years ended December 31,2013 and 2012, in accordance with auditing standards generally accepted in the United States of America,we consider the Association's internal control over financial reporting(internal control)as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements,but not for the purpose of expressing an opinion on the effectiveness of the Association's internal control.Accordingly,we do not express an opinion on the effectiveness of the Association's internal control. Our consideration of internal control was for the limited purpose described in the preceding paragraph and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses and therefore,there can be no assurance that all such deficiencies have been identified.We did not identify any deficiencies in internal control that we consider to be significant deficiencies. A deficiency in internal control exists when the design or operation of a control does not allow management,in the normal course of performing their assigned functions,to prevent,or detect and correct misstatements on a timely basis.A material weakness is a deficiency,or combination of deficiencies,in internal control such that there is a reasonable possibility that material misstatement of the Association's financial statements will not be prevented,or detected and corrected on a timely basis.We did not identify any deficiencies in internal control that we consider to be material weaknesses. A significant deficiency is a deficiency,or combination of deficiencies,in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses,as defined above. Compliance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement,we performed tests of compliance with certain provisions of laws,regulations,contracts and grants.However,the objective of our tests was not to provide an opinion on compliance with such provisions.We noted no instances of noncompliance with Minnesota statutes. 5201 Eden Avenue,Suite 250 Edina,MN 55436 952.835.9090 1 Fax 952.835.3261 _1_