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<br /> <br />We believe that the audit evidence we have obtained is sufficient and appropriate to provide a <br />basis for our audit opinions. <br />Opinions <br />In our opinion, the financial statements referred to above present fairly, in all material respects, <br />the respective financial position of the governmental activities, the business-type activities, each <br />major fund, and the aggregate remaining fund information of the City of Lino Lakes, Minnesota, <br />as of December 31, 2019, and the respective changes in financial position, and, where <br />applicable, cash flows thereof for the year then ended in accordance with accounting principles <br />generally accepted in the United States of America. <br />Other Matters <br />Required Supplementary Information <br />Accounting principles generally accepted in the United States of America require that the <br />management’s discussion and analysis, the budgetary comparison information, and the schedules <br />of OPEB and pension information, as listed in the table of contents, be presented to supplement <br />the basic financial statements. Such information, although not a part of the basic financial <br />statements, is required by the Governmental Accounting Standards Board, who considers it to be <br />an essential part of financial reporting for placing the basic financial statements in an appropriate <br />operational, economic, or historical context. We have applied certain limited procedures to the <br />required supplementary information in accordance with auditing standards generally accepted in <br />the United States of America, which consisted of inquiries of management about the methods of <br />preparing the information and comparing the information for consistency with management’s <br />responses to our inquiries, the basic financial statements, and other knowledge we obtained <br />during our audit of the basic financial statements. We do not express an opinion or provide any <br />assurance on the information because the limited procedures do not provide us with sufficient <br />evidence to express an opinion or provide any assurance. <br />Other Information <br />Our audit was conducted for the purpose of forming opinions on the financial statements that <br />collectively comprise the City of Lino Lakes, Minnesota’s basic financial statements. The <br />introductory section, combining and individual nonmajor fund financial statements and <br />schedules, statistical section and other information are presented for purposes of additional <br />analysis and are not a required part of the basic financial statements. <br />The combining and individual nonmajor fund financial statements and schedules are the <br />responsibility of management and were derived from and relate directly to the underlying <br />accounting and other records used to prepare the basic financial statements. Such information <br />has been subjected to the auditing procedures applied in the audit of the basic financial <br />statements and certain additional procedures, including comparing and reconciling such <br />information directly to the underlying accounting and other records used to prepare the basic <br />financial statements or to the basic financial statements themselves, and other additional <br />14