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Immo <br />City of Lino Lakes, Minnesota <br />Management Report, Page 40 <br />FEDERAL SINGLE AUDIT <br />Federal regulations require a City to obtain a federal compliance audit if the City receives over <br />$25,000 in federal funds. During 1994, the City of Lino Lakes received $43,567 of federal funds <br />as follows: <br />Grant <br />Amount <br />Oak Wilt Cooperative Suppression Program $1,695 <br />Re -Leaf Grant 13,000 <br />CDBG 29,872 <br />ICS Course Reimbursement 350 <br />Total $44,917 <br />We have completed the federal compliance audit as required and issued our reports under a <br />separate cover. The findings identified in the report are summarized below: <br />1) Each grant program requires submission of certain reports by a specified date identified in <br />the grant document. For the Oak Wilt Cooperative Suppression Program grant, the status <br />report was not submitted by the required date. <br />2) Each grant requires reports regarding fmancial activity. For two of the above grants, the <br />amounts reported to the grantor agency did not agree with the City's accounting records. <br />