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VOTO, TAUTGES, REDPATH & CO., LTD.
<br />CERTIFIED PUBLIC ACCOUNTANTS
<br />Birch Lake Professional Building • 1310 E. Hwy. 96 • White Bear Lake, MN 55110 • Fax (612) 426 -5004
<br />• Phone (612) 426 -3263
<br />INDEPENDENT AUDITOR'S REPORT
<br />To the Honorable Mayor and
<br />Members of the City Council
<br />City of Lino Lakes, Minnesota
<br />ROBERT ). VOTO, CPA
<br />ROBERT G. TAUTGES, CPA
<br />JAMES S. REDPATH, CPA
<br />D. KENNETH GEORGE, CPA
<br />DAVID J. MOL, CPA
<br />We have audited the general purpose financial statements of the City of Lino Lakes, Minnesota, and the combining,
<br />individual fund, and account group financial statements of the City as of and for the year ended December 31, 1989 as
<br />listed in the table of contents. These financial statements are the responsibility of the City's management. Our
<br />responsibility is to express an opinion on these financial statements based on our audit.
<br />We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan
<br />and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
<br />misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
<br />financial statements. An audit also includes assessing the accounting principles used and significant estimates made
<br />by management, as well as evaluating the overall fmancial statement presentation. We believe that our audit
<br />provides a reasonable basis for our opinion.
<br />The City does not maintain complete accounting controls over quantities and costs of General Fixed Assets.
<br />Therefore, we were not able to obtain sufficient evidential matter to form an opinion regarding the amounts at which
<br />property, plant and equipment are recorded in the General Fixed Assets Account Group at December 31, 1989 or
<br />1988 (stated at $1,755,487 and $1,467,708 respectively). Accordingly, we do not express an opinion on this
<br />account group.
<br />In our opinion, except for the effects of such adjustments, if any, as might have been determined had we been able to
<br />obtain sufficient evidential matter regarding the City's General Fixed Assets, the general purpose fmancial statements
<br />referred to above present fairly, in all material respects, the financial position of the City of Lino Lakes, Minnesota,
<br />as of December 31, 1989, and the results of its operations and the statement of cash flows of its proprietary fund
<br />types for the year then ended in conformity with generally accepted accounting principles. Also, in our opinion,
<br />except for the effects of such adjustments, if any, as might have been determined had we been able to obtain
<br />sufficient evidential matter regarding the City's General Fixed Assets, the combining, individual fund, and account
<br />group fmancial statements referred to above present fairly, in all material respects, the fmancial position of each of
<br />the individual funds and account groups of the City of Lino Lakes Minnesota as of December 31,1989, and the
<br />results of operations of such funds and the statement of cash flows of individual proprietary funds for the year then
<br />ended in conformity with generally accepted accounting principles.
<br />Our audit was made for the purpose of forming an opinion on the general purpose fmancial statements taken as a
<br />whole, and on the combining, individual fund, and account group financial statements. The accompanying
<br />information listed as supporting exhibits and statistical information in the table of contents is presented for purposes
<br />of additional analysis and is not a required part of the financial statements of the City of Lino Lakes, Minnesota.
<br />Such information, except for that portion marked "unaudited ", on which we express no opinion, has been subjected
<br />to the auditing procedures applied in the audit of the general purpose, combining, individual fund, and account group
<br />financial statements and, in our opinion, is fairly stated in all material respects in relation to the fmancial statements
<br />of each of the respective individual funds and account groups, taken as a whole.
<br />June 6, 1990
<br />VOTO, TAUTGES, REDPATH & CO., LTD.
<br />Certified Public Accountants
<br />MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • PRIVATE COMPANIES PRACTICE SECTION
<br />MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
<br />MUNICIPAL FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL, BUSINESS OFFICIALS
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