Annual Financial Report 12/31/1982

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MOW MANN OEM WINN - DELAHUNT VOTO & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS Birch Lake Professional Building • 1310 E. Hwy. 96 • White Bear Lake, MN 55110 • Phone 426 -3263 To the Honorable Mayor and Members of the City Council City of Lino Lakes Lino Lakes, Minnesota RONALD J. DELAHUNT, RETIRED ROBERT J. VOTO, CPA TIMOTHY E. REARDON, CPA ROBERT G. TAUTCES, CPA We have examined the general purpose financial statements of the CITY OF LINO LAKES, MINNESOTA, and the combining, individual fund, and account group finan- cial statements of the City as of and for the year ended December 31, 1982, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances, except as stated in the following paragraph. The City does not maintain complete accounting controls over quantities and costs of general fixed assets and it was therefore impractical to audit the accompanying Statement of General Fixed Assets and, accordingly, we do not express an opinion on this account group. In our opinion, except as noted above, the general purpose financial statements referred to above present fairly the financial position of the CITY OF LINO LAKES, MINNESOTA at December 31, 1982, and the results of its operations and changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year except for the changes, with which we concur, as described in Note 10. Also, in our opinion, the combining, individual fund, and account group financial statements referred to above pre- sent fairly the financial position of the individual funds and account groups of the CITY OF LINO LAKES, MINNESOTA at December 31, 1982 and the results of opera- tions of such funds, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year except for the changes, with which we concur, as described in Note 10. Our examination was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole and on the combining, individual fund, and account group financial statements. The accompanying financial infor- mation listed as supplementary data in the table of contents is presented for purposes of additional analysis and is not a required part of the general pur- pose financial statements of the City. The information has been subjected to the auditing procedures applied in the examination of the general purpose, combining, individual fund, and account group financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. February 25, 1983 �yL4 4 16.4 .0 a- DE LA HUNT VOTO & CO., LTD. Certified Public Accountants MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • PRIVATE COMPANIES PRACTICE SECTION MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MUNICIPAL FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS