Audit Report Letter 1996 - Laserfiche WebLink

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February 28, 1997 Tautges, Redpath & Co., Ltd. 4810 White Bear Parkway White Bear Lake, Minnesota 55110 In connection with your audit of the financial statements of the various funds and account groups of the City of Lino Lakes, Minnesota as of December 31, 1996 and for the year then ended, for the purpose of expressing an opinion as to whether the financial statements present fairly, in all material respects, the financial position of the City of Lino Lakes, Minnesota and the results of its operations and the cash flows of its proprietary funds in conformity with generally accepted accounting principles, we confirm, to the best of our knowledge and belief, the following representations made to you during your audit. 1. We are responsible for the fair presentation in the financial statements of financial position, and results of operations of the City of Lino Lakes, Minnesota and the cash flows of its proprietary funds in conformity with generally accepted accounting principles. The financial statements include all properly classified funds and account groups of the primary government and all component units required by generally accepted accounting principles to be included in the financial reporting entity. 2. We have made available to you all: a) Financial records and related data. b) Minutes of all meetings of the City Council. 3. There have been no: a) Irregularities involving administration or employees who have significant roles in the internal accounting structure. b) Irregularities involving other employees that could have a material effect on the financial statements. c) Communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices that could have a material effect on the financial statements. 4. The City has no plans or intentions that may materially affect the carrying value or classification of assets, liabilities or fund balances. 5. The following have been properly recorded or disclosed in the financial statements: a) Joint ventures and related party transactions and related accounts receivable or payable, including revenues, expenditures, loans, transfers, lensing arrangements and guarantees.