Laserfiche WebLink
HLB <br />Tautges Redpath, Ltd. <br />Certified Public Accountants and Consultants <br />INDEPENDENT AUDITOR'S REPORT <br />To the Honorable Mayor and <br />Members of the City Council <br />City of Lino Lakes, Minnesota <br />We have audited the accompanying general purpose fmancial statements of the City of Lino Lakes, Minnesota, as of <br />and for the year ended December 31, 1997, as listed in the table of contents. These general purpose fmancial <br />statements are the responsibility of the City's management. Our responsibility is to express an opinion on these <br />general purpose financial statements based on our audit. <br />We conducted our audit in accordance with generally accepted auditing standards and Government Auditing <br />Standards as issued by the Comptroller General of the United States. Those standards require that we plan and <br />perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of <br />material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and <br />disclosures in the general purpose fmancial statements. An audit also includes assessing the accounting principles <br />used and significant estimates made by management, as well as evaluating the overall general purpose financial <br />statement presentation. We believe that our audit provides a reasonable basis for our opinion. <br />In our opinion, the general purpose fmancial statements referred to above present fairly, in all material respects, the <br />financial position of the City of Lino Lakes, Minnesota, as of December 31, 1997 and the results of its operations <br />and cash flows of its proprietary fund types for the year then ended in conformity with generally accepted <br />accounting principles. <br />In accordance with Government Auditing Standards, we have also issued a report dated June 16, 1998 on our <br />consideration of the City of Lino Lakes, Minnesota's internal control over fmancial reporting and our tests of its <br />compliance with certain provisions of laws, regulations, contracts and grants. <br />Our audit was made for the purpose of forming an opinion on the general purpose fmancial statements taken as a <br />whole. The combining and individual fund and account group fmancial statements, supplementary fmancial <br />information and statistical section listed in the table of contents are presented for purposes of additional analysis <br />and are not a required part of the general purpose fmancial statements of the City of Lino Lakes, Minnesota. Such <br />information, except for that portion marked "unaudited," on which we express no opinion, has been subjected to the <br />auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly <br />presented in all material respects in relation to the general purpose financial statements taken as a whole. <br />HLB TAUTGES REDPATH, LTD. <br />Certified Public Accountants <br />April2, 1998 <br />(except for Note 21, as to which the date is June 16, 1998) <br />4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 612 426 7000 Fax: 612 426 5004 <br />HLB Tautges Redpath, Ltd. is a member of <br />ernatienal. A wend -wide orgad¢ation of aecpurtniq rams anpt business advisers <br />21 <br />