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06-05-2023 Council Work Session Packet
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06-05-2023 Council Work Session Packet
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6/7/2023 1:56:38 PM
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6/7/2023 11:13:39 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/05/2023
Council Meeting Type
Work Session Regular
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<br /> <br /> <br />Supplementary Information <br /> <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 />combining and individual nonmajor fund financial statements and schedules are presented for <br />purposes of additional analysis and are not a required part of the basic financial statements. <br />Such information is the responsibility of management and was derived from and relates <br />directly to the underlying accounting and other records used to prepare the basic financial <br />statements. The information has been subjected to the auditing procedures applied in the <br />audit of the basic financial statements and certain additional procedures, including comparing <br />and reconciling such information directly to the underlying accounting and other records <br />used to prepare the basic financial statements or to the basic financial statements themselves, <br />and other additional procedures in accordance with auditing standards generally accepted in <br />the United States of America. In our opinion, the combining and individual nonmajor fund <br />financial statements and schedules are fairly stated, in all material respects, in relation to the <br />basic financial statements as a whole. <br /> <br />Other Information <br /> <br />Management is responsible for the other information included in the annual report. The other <br />information comprises the introductory and statistical sections but does not include the basic <br />financial statements and our auditor's report thereon. Our opinions on the basic financial <br />statements do not cover the other information, and we do not express an opinion or any form <br />of assurance thereon. <br /> <br />In connection with our audit of the basic financial statements, our responsibility is to read the <br />other information and consider whether a material inconsistency exists between the other <br />information and the basic financial statements, or the other information otherwise appears to <br />be materially misstated. If, based on the work performed, we conclude that an uncorrected <br />material misstatement of the other information exists, we are required to describe it in our <br />report. <br /> <br /> <br />16
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