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March 5,1993 <br />Tautges, Redpath & Co., Ltd. <br />4810 White Bear Parkway <br />White Bear Lake, Minnesota 55110 <br />A 41 0/ <br />In connection with your audit of the financial statements of the various funds and account groups <br />of the City of Lino Lakes, Minnesota as of December 31,1992 and for the year then ended, for the <br />purpose of expressing an opinion as to whether the financial statements present fairly the financial <br />position, changes in fund balance, results of operations, and changes in financial position (where <br />appropriate) of the various funds of the City of Lino Lakes, Minnesota in conformity with <br />generally accepted accounting principles, we confirm, to the best of our knowledge and belief, the <br />following representations made to you during your audit. <br />1. We are responsible for the fair presentation in the financial statements of financial <br />position; changes in fund balance, results of operations and changes in financial position <br />in conformity with generally accepted accounting principles. The financial statements <br />include all properly classified funds and account groups of the oversight unit required by <br />generally accepted accounting principles to be included in the financial reporting entity. <br />2. We have made available to you all: <br />a) Financial records and related data. <br />b) Minutes of all meetings of the City Council. <br />3. There have been no: <br />a) Irregularities involving administration or employees who have significant roles in the <br />system of internal accounting control. <br />b) Irregularities involving other employees that could have a material effect on the <br />financial statements. <br />c) Communications from regulatory agencies concerning noncompliance with, or <br />deficiencies in, financial reporting practices that could have a material effect on the <br />financial statements. <br />4. The City has no plans or intentions that may materially affect the carrying value or <br />classification of assets and liabilities. <br />5. There are no: <br />a) Violations or possible violations of 1pvs or regulations whose effects should be <br />considered for disclosure in the financial statements or as a basis for recording a loss <br />contingency. <br />b) Other material liabilities or gain or loss contingencies that are required to be accrued <br />or disclosed by Statement of Financial Accounting Standards No. 5, except as <br />disclosed in the letter from our City attorney. <br />c) Reservations or designations of fund equity that were not properly authorized or <br />approved. <br />er-3 <br />