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HomeMy WebLinkAboutLegal Compliance Report December 31, 1994 #TAUTGES, REDPA TH & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS To the Honorable Mayor and Members of the City Council City of Oak Park Heights, Minnesota We have audited the general purpose financial statements of the City of Oak Park Heights, Minnesota, as of and for the year ended December 31, 1994, and have issued our report thereon dated February 17, 1995. We conducted our audit in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and the provisions of the Minnesota Legal Compliance Audit Guide for Local Government promulgated by the Legal Compliance Task Force pursuant to Minnesota Statutes Section 6.65. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. General Purpose Financial Statements. Compliance with laws, regulations, contracts, and grants applicable to the City of Oak Park Heights, Minnesota is the responsibility of City's management. As part of our audit, we assessed the risk that noncompliance with certain provisions of laws, regulations, contracts, and grants could cause the financial statements to be materially misstated. We concluded that the risk of such material misstatement was sufficiently low that it was not necessary to perform tests of the City's compliance with such provisions of laws, regulations, contracts, and grants. However, in connection with our audit, nothing came to our attention that caused us to believe that the City of Oak Park Heights, Minnesota had not complied, in all material respects, with the laws, regulations, contracts, and grants referred to in the preceding paragraph. Legal Compliance. The Minnesota Legal Compliance Audit Guide for Local Government covers five main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, and claims and disbursements. Our study included all of the above listed categories. The results of our tests indicate that for the items tested, the City of Oak Park Heights, Minnesota complied with the material terms and conditions of applicable legal provisions, except as described in this report. For items not tested, based on our audit and the procedures referred to above, nothing came to our attention to indicate that the City of Oak Park Heights, Minnesota had not complied with such legal provisions. This report is intended solely for the use of the City of Oak Park Heights, Minnesota and should not be used for any other purpose. This restriction is not intended to limit the distribution of this report which is a matter of public record. Respectfully submitted, -�i . TAUTGES, REDPATH & CO., LTD. Certified Public Accountants February 17, 1995 4810 White Bear Parkway • White Bear Lake, Minnesota 55110 • 612/426 -7000 • FAX /426 -5004 • Member of HLB International City of Oak Park Heights, Minnesota Legal Compliance Report, Page 2 FINDING: TJntimely Re nomng of Outstandin Obliga tions to Countv Auditor CONDITION: On or before February 1st of each year, the City of Oak Park Heights is required to report to the County auditor the total amount of outstanding obligations as of December 31st of the preceding year. The 1994 reporting form was not received from Washington County on a timely basis, which resulted in the City being unable to file before February 1, 1995. The County extended the filing date until February 13, 1995, and the City did file before the extended filing date. CRITERIA: Minnesota Statute 471.70 reads as follows: 471.70 REPORTING OF OBLIGATIONS BY CITIES, TOWNS, SCHOOL DISTRICTS, AND BODIES CORPORATE AND POLITIC For the purposes of this section "municipality" means a city, however organized, a school district, however organized; a town; or any other body corporate and politic created under Minnesota law. An 'obligation' as used in this section means an obligation as defined in chapter 475. On or before February fast each year, it shall be the duty of the principal accounting officer of each municipality to report to the auditor of each county in which such municipality is situate, the total amount of outstanding obligations, and the purpose for which issued as of December 31 of the preceding year. Such report shall be kept by the auditor of each county in a suitable record. On March fast each year, it shall be the duty of the auditor of each county to report to the state auditor of such obligations as reported to the county auditor by the principal accounting officer of the municipality, together with the amount and character of all outstanding obligations issued by the county. RECOMMENDATION: None