HomeMy WebLinkAboutRepresentation Letter December 31, 1990 CITY OF
OAK PARK HEIGHTS
STILLNATER, MINNESOTA 55062
Voto, Tautges, Redpath & Co., Ltd.
1310 East Highway 96
White Bear Lake, Minnesota 55110
In connection with your examination of the financial statements of the various funds and account
groups of the City of Oak Park Heights, Minnesota as of December 31, 1990 and for the year then
ended, for the purpose of expressing an opinion as to whether the financial statements present
fairly the financial position, changes in fund balance, results of operations, and changes in
financial position (where appropriate) of the various funds of the City of Oak Park Heights,
Minnesota in conformity with generally accepted accounting principles, we confirm, to the best of
our knowledge and belief, the following representations made to you during your examination.
1. We are responsible for the fair presentation in the financial statements of financial
position, changes in fund balance, results of operations and changes in financial position
in conformity with generally accepted accounting principles and/or the recorded cash
transactions.
2. We have made available to you all:
a) Financial records and related data.
b) Minutes of all meetings of the City Council.
3. There have been no:
a) Irregularities involving administration or employees who have significant roles in the
system of internal accounting control.
b) Irregularities involving other employees that could have a material effect on the
financial statements.
c) Communications from regulatory agencies concerning noncompliance with, or
deficiencies in, financial reporting practices that could have a material effect on the
financial statements.
4. The City has no plans or intentions that may materially affect the carrying value or
classification of assets and liabilities.
5. There are no:
a) Violations or possible violations of laws or regulations whose effects should be
considered for disclosure in the financial statements or as a basis for recording a loss
contingency.
b) Other material liabilities or gain or loss contingencies that are required to be accrued
or disclosed by Statement of Financial Accounting Standards No. 5, except as
disclosed in the letter from our City attorney.
Voto, Tautges, Redpath & Co., Ltd.
Representation Letter, Page 2
6. There are no unasserted claims or assessments that the City attorney has advised us are
probable of assertion and must be disclosed in accordance with Statement of Financial
Accounting Standards No. 5.
7. There are no material transactions that have not been properly recorded in the accounting
records or related data underlying the financial statements.
8. The City has satisfactory title to all owned assets, and there are no unrecorded liens or
encumbrances on such assets nor have any assets been pledged.
9. The City has complied with all aspects of contractual agreements that would have a
material effect on the financial statements in the event of noncompliance.
10. No events have occurred subsequent to the balance sheet date that would require
adjustment to, or disclosure in, the financial statements.
i / � LaVonne on, Clerk- Treasurer
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