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WNW <br />WRNS <br />LarsonAiled <br />CPAs, Consultants & Advisors <br />www.larsonallen.com <br />REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING <br />AND ON COMPLIANCE AND OTHER MATTERS BASED ON <br />AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN <br />ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS <br />Honorable Mayor and <br />_ Members of the City Council <br />City of Lino Lakes, Minnesota <br />We have audited the financial statements of the governmental activities, the business -type activities, <br />each major fund, and the aggregate remaining fund information of the City of Lino Lakes, Minnesota as <br />of and for the year ended December 31, 2004, which collectively comprise the City's basic financial <br />statements and have issued our report thereon dated March 18, 2005. We conducted our audit in <br />- accordance with U.S. generally accepted auditing standards and the standards applicable to financial <br />audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United <br />States. <br />Internal Control Over Financial Reporting <br />In planning and performing our audit, we considered the City of Lino Lakes, Minnesota's internal control <br />over financial reporting in order to determine our auditing procedures for the purpose of expressing our <br />opinion on the financial statements and not to provide an opinion on the intemal control over financial <br />• reporting. Our consideration of the intemal control over financial reporting would not necessarily <br />disclose all matters in the internal control over financial reporting that might be a material weakness. A <br />material weakness is a reportable condition in which the design or operation of one or more of the <br />intemal control components does not reduce to a relatively low level the risk that misstatements caused <br />by error or fraud in amounts that would be material in relation to the financial statements being audited <br />may occur and not be detected within a timely period by employees in the normal course of performing <br />their assigned functions. We noted no matters involving the internal control over financial reporting and <br />- its operations that we consider to be material weaknesses. <br />Compliance and Other Matters <br />As part of obtaining reasonable assurance about whether the City of Lino Lakes, Minnesota's financial <br />statements are free of material misstatement, we performed tests of its compliance with certain <br />_ provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have <br />a direct and material effect on the determination of financial statement amounts. However, providing an <br />opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do <br />not express such an opinion. The results of our tests disclosed no instances of noncompliance or other <br />matters that are required to be reported under Govemment Auditing Standards. <br />We also noted certain additional matters that were reported to the management of the City of Lino <br />Lakes, Minnesota in a separate letter dated March 18, 2005. <br />(1) <br />Larson, Allen, Weishair & Co., LLP 1 An Independent Member of Baker Tilly International <br />