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City of Lino Lakes, Minnesota <br />Communication With Those Charged With Governance <br /> <br />Page 3 <br /> <br /> <br /> <br />Management Consultations with Other Independent Accountants <br /> <br />In some cases, management may decide to consult with other accountants about auditing <br />and 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. <br /> <br />Other Audit Findings or Issues <br /> <br />We generally discuss a variety of matters, including the application of accounting <br />principles and auditing standards, with management each year prior to retention as the City’s <br />auditors. However, these discussions occurred in the normal course of our professional <br />relationship and our responses were not a condition to our retention. <br /> <br />Receivables related to the Legacy at Woods Edge Development <br />At December 31, 2019, the balance of receivables related to the Legacy at Woods Edge <br />Development was $6,671,386. The receivables are presented in the financial statements as <br />special assessments receivable ($2,994,379) and interfund loans receivable ($3,677,007). <br />Collection of these amounts is dependent upon receiving sufficient proceeds from land sales and <br />tax increment. Management believes all amounts are collectible. <br /> <br />Other Matters <br /> <br />We applied certain limited procedures to the management’s discussion and analysis, the <br />budgetary comparison information, and the schedules of OPEB and pension information, which <br />are required supplementary information (RSI) that supplement the basic financial statements. <br />Our procedures consisted of inquiries of management regarding the methods of preparing the <br />information and comparing the information for consistency with management’s responses to our <br />inquiries, the basic financial statements, and other knowledge we obtained during our audit of the <br />basic financial statements. We did not audit the RSI and do not express an opinion or provide <br />any assurance on the RSI. <br /> <br />We were engaged to report on the combining and individual nonmajor fund financial <br />statements and schedules, which accompany the financial statements but are not RSI. With <br />respect to this supplementary information, we made certain inquiries of management and <br />evaluated the form, content, and methods of preparing the information to determine that the <br />information complies with accounting principles generally accepted in the United States of <br />America, the method of preparing it has not changed from the prior period, and the information