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01-13-2020 Council Packet
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01-13-2020 Council Packet
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<br /> <br /> <br />December 11, 2019 <br />Honorable Mayor, Members of the City Council, and Management <br />City of Little Canada <br />515 Little Canada Road East <br />Little Canada, MN 55117 <br /> <br />We are pleased to confirm our understanding of the terms and objectives of our engagement and the nature and <br />limitations of the audit and nonaudit services CliftonLarsonAllen LLP (“CLA,” “we,” “us,” and “our”) will provide <br />for the City of Little Canada (“you,” “your,” or “the entity”) for the year ended December 31, 2019. <br />Michelle Hoffman, CPA, is responsible for the services provided and the performance of the audit engagement. <br />Audit services <br />We will audit the financial statements of the governmental activities, the business‐type activities, each major fund, <br />and the aggregate remaining fund information, which collectively comprise the basic financial statements of the <br />City of Little Canada, as of and for the year ended December 31, 2019, and the related notes to the financial <br />statements. <br />The Governmental Accounting Standards Board (GASB) provides for certain required supplementary information <br />(RSI) to accompany the entity’s basic financial statements. The RSI will be subjected to certain limited procedures, <br />but will not be audited. The following RSI will be subjected to certain limited procedures, but will not be audited. <br />1. Management’s discussion and analysis. <br />2. Budgetary comparison schedules. <br />3. GASB Statement No. 68 schedule of propitiate share of net pension liability and schedule of employer <br />contributions. <br />We will also evaluate and report on the presentation of the supplementary information accompanying the <br />financial statements in relation to the financial statements as a whole. <br />1. Combining and individual fund financial statements. <br />2. Statement of changes in assets and liabilities – agency fund. <br /> <br /> <br />The following information other than RSI accompanying the financial statements will not be subjected to the <br />auditing procedures applied in our audit of the financial statements and our auditors’ report will not provide an <br />opinion or any assurance on that information:
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