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WINN <br />LarsonAllen' <br />CPAs, Consultants & Advisors <br />www.larsonallen.com <br />OTHER REQUIRED AUDITOR COMMUNICATIONS <br />- Honorable Mayor and <br />Members of the City Council <br />City of Lino Lakes, Minnesota <br />Dear Committee Members: <br />We have audited the financial statements of the City of Lino Lakes for the year ended December 31, <br />2004, and have issued our report thereon dated March 18, 2005. Professional standards require that <br />we provide you with the following information related to our audit. <br />Our Responsibility Under U.S. Generally Accepted Auditing Standards <br />As stated in our engagement letter dated December 20, 2004, our responsibility, as described by <br />professional standards, is to plan and perform our audit to obtain reasonable, but not absolute, <br />assurance that the financial statements are free of material misstatement and are fairly presented in <br />accordance with U.S. generally accepted accounting principles. Because an audit is designed to <br />- provide reasonable, but not absolute assurance and because we did not perform a detailed examination <br />of all transactions, there is a risk that material misstatements may exist and not be detected by us. <br />As part of our audit, we considered the internal control of the City of Lino Lakes. Such considerations <br />were solely for the purpose of determining our audit procedures and not to provide any assurance <br />concerning such intemal control. <br />Other Information in Documents Containing Audited Financial Statements <br />Our responsibility for other information in documents containing the City of Lino Lakes financial <br />- statements, including the supplementary information, does not extend beyond the information identified <br />in our report on the financial statements, and we have no professional responsibility to perform audit <br />procedures on such other information. <br />MEM <br />Significant Accounting Policies <br />Management has the responsibility for selection and use of appropriate accounting policies. In <br />accordance with the terms of our engagement letter, we will advise management about the <br />appropriateness of accounting policies and their application. The significant accounting policies used <br />by the City of Lino Lakes are described in Note 1 to the financial statements. No new accounting <br />policies were adopted and the application of existing policies was not changed during 2004. We noted <br />no transactions entered into by the City during the year that were both significant and unusual, and of <br />which, under professional standards, we are required to inform you, or transactions for which there is a <br />lack of authoritative guidance or consensus. <br />(4) <br />Larson, Allen, Weishair & Co., LLP I An Independent Member of Baker Tilly International <br />