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City of Lino Lakes, Minnesota <br />Communication With Those Charged With Governance <br /> <br />Page 2 <br /> <br /> <br /> <br />Certain financial statement disclosures are particularly sensitive because of their significance to <br />financial statement users. Determining sensitivity is subjective, however, we believe the <br />disclosures most likely to be considered sensitive are Note 6 – Long-Term Debt, Note 10A – <br />Deficit Fund Balances and Note 19 – Subsequent Events. <br /> <br />The financial statement disclosures are neutral, consistent and clear. <br /> <br />Difficulties Encountered in Performing the Audit <br /> <br /> <br />We encountered no difficulties in dealing with management in performing and completing our <br />audit. <br /> <br />Corrected and Uncorrected Misstatements <br /> <br />Professional standards require us to accumulate all known and likely misstatements identified <br />during the audit, other than those that are clearly trivial, and communicate them to the <br />appropriate level of management. There were no uncorrected misstatements that have an effect <br />on our opinion on the financial statements. There were no corrected misstatements identified <br />during the audit. <br /> <br />Disagreements with Management <br /> <br />For purposes of this letter, a disagreement with management is a financial accounting, reporting, <br />or auditing matter, whether or not resolved to our satisfaction, that could be significant to the <br />financial statements or the auditor’s report. We are pleased to report that no such disagreements <br />arose during the course of our audit. <br /> <br />Management Representations <br /> <br />We have requested certain representations from management that are included in the <br />management representation letter dated May 28, 2021. <br /> <br />Management Consultations with Other Independent Accountants <br /> <br />In some cases, management may decide to consult with other accountants about auditing and <br />accounting matters, similar to obtaining a “second opinion” on certain situations. If a <br />consultation involves application of an accounting principle to the City’s financial statements or <br />a determination of the type of auditor’s opinion that may be expressed on those statements, our <br />professional standards require the consulting accountant to check with us to determine that the <br />consultant has all the relevant facts. To our knowledge, there were no such consultations with <br />other accountants.