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15 <br />INDEPENDENT AUDITORS’ REPORT <br />Honorable Mayor and the City Council <br />City of Little Canada <br />Little Canada, Minnesota <br />Report on the Audit of the Financial Statements <br />Opinions <br />We have audited the accompanying financial statements of the governmental activities, the business- <br />type activities, each major fund, and the aggregate remaining fund information of the City of Little <br />Canada, as of and for the year ended December 31, 2021, and the related notes to the financial <br />statements, which collectively comprise the City of Little Canada’s basic financial statements as listed <br />in the table of contents. <br />In our opinion, the financial statements referred to above present fairly, in all material respects, the <br />respective financial position of the governmental activities, the business-type activities, each major <br />fund, and the aggregate remaining fund information of the City of Little Canada, as of December 31, <br />2021, and the respective changes in financial position, and, where applicable, cash flows thereof for the <br />year then ended in accordance with accounting principles generally accepted in the United States of <br />America. <br />Basis for Opinions <br />We conducted our audit in accordance with auditing standards generally accepted in the United States <br />of America (GAAS) and the standards applicable to financial audits contained in Government Auditing <br />Standards, issued by the Comptroller General of the United States. Our responsibilities under those <br />standards are further described in the Auditors’ Responsibilities for the Audit of the Financial <br />Statements section of our report. We are required to be independent of the City of Little Canada and to <br />meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to <br />our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide <br />a basis for our audit opinions. <br />Report on Summarized Comparative Information <br />We have previously audited the City of Little Canada’s 2020 financial statements, and we expressed an <br />unmodified audit opinion on those audited financial statements in our report dated April 28, 2021. In our <br />opinion, the summarized comparative information presented herein as of and for the year ended <br />December 31, 2021, is consistent, in all material respects, with the audited financial statements from <br />which it has been derived.