5.5. SR 06-02-2008 - Laserfiche WebLink

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~' ~ABDO w~ t,E/hC~K~&~C i ~~ _ 1V1L' 1 L'll l,J LLY Certified Public Accountants & Consultants Grandv[ca'Square 5201 Eden Avevue Suite 370 Edina. h1!\ 5543G REPORT ON M WNESOTA LEGAL COMPLIANCE Honorable Mayor and Council City of Ells River, Minnesota We have audited the financial statements ofthe governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Elk River, Minnesota (the City), as of and for the year ended December 31, 2007 which collectively comprise the City's basic financial statements as listed in the table of contents. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the provisions of the Minnesota Legal Compliance Audit Caeide for Local Government, promulgated by the Minnesota Office of the State Auditor pursuant to Minnesota statute 6.65. Accordingly, the audit included such tests of the accounting reeords and such other auditing procedures as we considered necessary in the circumstances. The Minnesota Legal Compliance Audit Guide for Local Goven~ment covers seven tnain categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, tax increment financing, and miscellaneous provisions. Our study included all of the listed categories. The results of our tests indicate that for the items tested, the City complied with the material terms and conditions of applicable legal provisions. This report is intended solely for the information and use of the Council, management and the Minnesota Office of the State Auditor and is not intended to be and should not be used by anyone other than these specifcd parties. March 13, 2008 Minneapolis, Minnesota ABDO; EICK & MEN RS, LLP Ceri fed Public Accountants 952.835.9090 Fax 952.835.3261 www.aemcpas.com