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INIMMI
<br />VOTO, TAUTGES, REDPATH & CO., LTD.
<br />CERTIFIED PUBLIC ACCOUNTANTS
<br />VtIK
<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 J. 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, 1990 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 and Governmental Auditing Standards
<br />as issued by the Comptroller General of the United States. Those standards require that we plan and perform the
<br />audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
<br />audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
<br />statements. An audit also includes assessing the accounting principles used and significant estimates made by
<br />management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a
<br />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, 1990 or
<br />1989 (stated at $1,992,729 and $1,755,487 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, 1990, 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 financial statements referred to above present fairly, in all material respects, the financial position of each of
<br />the individual funds and account groups of the City of Lino Lakes, Minnesota as of December 31,1990, 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 financial 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 in the table of contents is presented for purposes of additional analysis and
<br />is not a required part of the financial statements of the City of Lino Lakes, Minnesota. Such information, except for
<br />that portion marked "unaudited ", on which we express no opinion, has been subjected to the auditing procedures
<br />applied in the audit of the general purpose, combining, individual fund, and account group financial statements and,
<br />in our opinion, is fairly stated in all material respects in relation to the financial statements of each of the respective
<br />individual funds and account groups, taken as a whole.
<br />May 28, 1991
<br />-74av/it- J. cep-
<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 />GOVERNMENT FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS
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