HomeMy WebLinkAboutMMKR 2013 AuditCity of Prior Lake Audit Report Year Ended December 31, 2013 Malloy, Montague, Karnowski, Radosevich, & Co., P.A. James H. Eichten, CPA
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Auditor’s Role
Opinion on Financial Statements
Financial Statements are Fairly Presented in Accordance with U.S. GAAP
Testing of Internal Controls and Compliance
Internal Controls over Financial Reporting
Complian
ce with Laws and Regulations related to Financial Reporting
Minnesota Legal Compliance
No Single Audit of Federal Awards for 2013
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Audit Results
Financial Statement Opinion
Unmodified
Findings - Internal Controls
None
Findings - MN Legal Compliance
Payment declaration on timesheets of volunteer firefighters
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Management Report
Audit Summary
Met Planned Scope and Timing
Significant Accounting Policies
Implemented GASB Statement No. 65
Other Required Communications
Property Taxes
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Tax Rates
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Management Report
Audit Summary
Property Taxes
Governmental Funds Overview
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General Fund Financial Position
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General Fund Revenues
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General Fund Expenditures
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Management Report
Audit Summary
Property Taxes
Governmental Funds Overview
Proprietary Funds Overview
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Utility Fund Revenue
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Environmental Services
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Environmental Services
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Management Report
Audit Summary
Property Taxes
Governmental Funds Overview
Proprietary Funds Overview
Overall Financial Analysis
Legislative Updates
Accounting and Auditing Updates
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Summary
Clean Opinion on Financial Statements
One Finding
Continue to Assess and Improve Internal Controls and Financial Reporting
Financial Results Indicate Adherence to Budget
Adherence to
General Fund Balance Policy
Improving Overall Enterprise Fund Financial Trends
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