Comprehensive Annual Financial Report 12/31/1998

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addition to meeting the requirements of the Federal Single Audit Act of 1984 and the related U.S Office of Management and Budget's Circular A -133. Generally accepted auditing standards and — the standards set forth in the Comptroller General of the United States' Government Auditing Standards, were used by the auditors in conducting the engagement. The auditor's report on the general purpose financial statements and combining and individual fund statements and — schedules is included in the financial section of the report. The auditor's reports on internal controls and compliance with applicable laws and regulations can be found in a separately issued single audit report. CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL — REPORTING _ The Government Finance Officers Association of the United State and Canada (GFOA) awards the Certificate of Achievement for excellence in financial reporting to cities that meet certain criteria. A governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report, the contents of which conform to program requirements. The City of Lino Lakes received its third award for the year ended December 31, 1997. The City is submitting the 1998 report to GFOA for consideration of the Certificate of Achievement for Excellence in Financial Reporting. We believe our current report conforms to the program — requirements. ACKNOWLEDGMENTS — The preparation of this report could not have been accomplished without the dedicated services of the Finance Department. — We also want to express our appreciation to the Mayor and City Council for their responsible policies involving the financial operation of the City. — Respectfully submitted, — ( z?/tt d'n Linda Waite Smith City Administrator INIMIla IIMINm Illmo iLQ0 , 5L-CrLaN2--(, P aula Schloer Accountant 15