Honorable Mayor and
<br />Members of the City Council
<br />City of Lino Lakes
<br />Opinions
<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 Lino Lakes as of December 31, 2014,
<br />and the respective changes in financial position and, where applicable, cash flows thereof for the year
<br />then ended in accordance with accounting principles generally accepted in the United States of
<br />America.
<br />Other Matters
<br />Required Supplementary Information
<br />Accounting principles generally accepted in the United States of America require that the
<br />management's discussion and analysis, budgetary comparison information, and schedule of funding
<br />progress to postemployment benefit plan, as listed in the table of contents be presented to supplement
<br />the basic financial statements. Such information, although not a part of the basic financial statements,
<br />is required by the Governmental Accounting Standards Board who considers it to be an essential part
<br />of financial reporting for placing the basic financial statements in an appropriate operational, economic,
<br />or historical context. We have applied certain limited procedures to the required supplementary
<br />information in accordance with auditing standards generally accepted in the United States of America,
<br />which consisted of inquiries of management about the methods of preparing the information and
<br />comparing the information for consistency with management's responses to our inquiries, the basic
<br />financial statements, and other knowledge we obtained during our audit of the basic financial
<br />statements. We do not express an opinion or provide any assurance on the information because the
<br />limited procedures do not provide us with sufficient evidence to express an opinion or provide any
<br />assurance.
<br />Other Information
<br />Our audit was conducted for the purpose of forming opinions on the financial statements that
<br />collectively comprise the City of Lino Lakes' basic financial statements. The combining fund financial
<br />statements and other supplementary financial and other information, the introductory section, and
<br />statistical section are presented for purposes of additional analysis and are not a required part of the
<br />basic financial statements.
<br />The combining fund statements, special revenue fund — program recreation schedule of revenues,
<br />expenditures, and changes in fund balance — budget and actual, the combining schedule of
<br />indebtedness, schedule of deferred tax levies, schedule of insurance in force, schedule of taxable
<br />valuations, tax levies, and tax rates, and the debt service payments to maturity — all bonds schedule are
<br />the responsibility of management and were derived from and relate directly to the underlying
<br />accounting and other records used to prepare the basic financial statements. Such information has
<br />been subjected to the auditing procedures applied in the audit of the basic financial statements and
<br />certain additional procedures, including comparing and reconciling such information directly to the
<br />underlying accounting and other records used to prepare the basic financial statements or to the basic
<br />financial statements themselves, and other additional procedures in accordance with auditing
<br />standards generally accepted in the United States of America. In our opinion, the combining fund
<br />statements, special revenue fund — program recreation schedule of revenues, expenditures, and
<br />changes in fund balance — budget and actual, the combining schedule of indebtedness, schedule of
<br />deferred tax levies, schedule of insurance in force, schedule of taxable valuations, tax levies, and tax
<br />rates, and the debt service payments to maturity — all bonds schedule are fairly stated, in all material
<br />respects, in relation to the basic financial statements as a whole.
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