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<br /> <br />Grandview Square <br />5201 Eden Avenue <br />Suite 370 <br />Edina,MN 55436 <br /> <br />REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING <br />BASED ON AN AUDIT OF FINANCIAL STATEMENTS <br /> <br />Board of Trustees <br />Elk River Fire Relief Association <br />Elk River, Minnesota <br /> <br />We have audited the financial statements of the major funds and remaining fund information of the Elk River Fire Relief <br />Association, Minnesota (the Association), as of and for the year ended December 31, 2005 which collectively comprise the <br />Assopiation's basic fmancial statements and have issued our report thereon dated March 17, 2006. We conducted our audit in <br />accordance with auditing standards generally accepted in the United States of America <br /> <br />In planning and performing our audit, we considered the Association's internal control over financial reporting in order to <br />determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide an <br />opinion on the internal control over financial reporting. However, we noted certain matters involving the internal control over <br />financial reporting and its operation that we consider to be reportable conditions, reported as finding 2005-2 in the Schedule of <br />Findings. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or <br />operation of the internal control over financial reporting that, in our judgment, could adversely affect the Association's ability to <br />record, process, summarize and report financial data consistent with the assertions of management in the financial statements. <br /> <br />A material weakness is a condition in which the design or operation of one or more of the internal control components does not <br />reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements <br />being audited may occur and not be detected within a timely period by employees in the normal course of performing their <br />assigned functions. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in <br />the internal control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions <br />that are also considered to be material weaknesses. However, we believe the reportable condition described above is not a <br />material weakness. <br /> <br />This report is intended solely for the information and use of the Board of Trustees, City of Elk River, members, and the Minnesota <br />Office of the State Auditor, and is not intended to be and should not be used by anyone other than these specified parties. <br /> <br />March 17, 2006 <br />Minneapolis, Minnesota <br /> <br />C1hk 7.itk ~~) LLf <br /> <br />ABDO, EICK & MEYERS, LLP <br />Certified Public Accountants <br /> <br />-11- <br /> <br />952.835.9090 . Fax 952.835.3261 <br /> <br />www.aemcpas.com <br />