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LarsenAllerf <br />LLP <br />CPAs, Consultants & Advisors <br />www.larsonallen.com <br />REPORT ON MINNESOTA LEGAL COMPLIANCE <br />Honorable Mayor and <br />Members of the City Council <br />City of Lino Lakes, Minnesota <br />We have audited the financial statements of the governmental activities, the business -type activities, <br />each major fund, and the aggregate remaining fund information of the City of Lino Lakes, Minnesota as <br />of and for the year ended December 31, 2009, which collectively comprise the City's basic financial <br />statements and have issued our report thereon dated June 21, 2010. <br />We conducted our audit in accordance with auditing standards generally accepted in the United States <br />of America, the standards applicable to financial audits contained in Governmental Auditing Standards, <br />issued by the Comptroller General of the United States, and the provisions of the Minnesota Legal <br />Compliance Audit Guide for Local Government, promulgated by the State Auditor pursuant to <br />Minnesota Statute 6.65. Accordingly, the audit included such tests of the accounting records and such <br />other auditing procedures as we considered necessary in the circumstances. <br />The Minnesota Legal Compliance Audit Guide for Local Government covers seven main categories of <br />compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public <br />indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing. Our <br />study included all of the listed categories. <br />The results of our tests indicate that, with respect to the items tested, the City of Lino Lakes, Minnesota <br />complied with the material terms and conditions of applicable legal provisions. <br />This report is intended solely for the use of the City of Lino Lakes, Minnesota, the Office of the State <br />Auditor, and other state agencies, and is not intended to be and should not be used by anyone other <br />than these specified parties. <br />LarsonAllen LLP <br />Minneapolis, Minnesota <br />June 21, 2010 <br />( <br />An independentmember of Nexia International <br />IN'rLKNATIONAL <br />