Laserfiche WebLink
<br />13 <br />The combining and individual nonmajor fund financial statements and supplemental schedules are the responsibility of <br />management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic <br />financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial <br />statements and certain additional procedures, including comparing and reconciling such information directly to the underlying <br />accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and <br />other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our <br />opinion, the combining and individual nonmajor fund financial statements and supplemental schedules are fairly stated, in all <br />material respects, in relation to the basic financial statements as a whole. <br /> <br />The schedule of indebtedness has not been subjected to the auditing procedures applied in the audit of the basic financial <br />statements, and accordingly, we do not express an opinion or provide any assurance on it. <br /> <br />Other Information <br /> <br />Management is responsible for the other information included in the annual report. The other information comprises the <br />introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our <br />opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of <br />assurance thereon. <br /> <br />In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether <br />a material inconsistency exists between the other information and the basic financial statements, or the other information <br />otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material <br />misstatement of the other information exists, we are required to describe it in our report. <br /> <br />Other Reporting Required by Government Auditing Standards <br /> <br />In accordance with Government Auditing Standards, we have also issued our report dated June 11, 2024 on our consideration <br />of the City of Lake Elmo, Minnesota’s internal control over financial reporting and on our tests of its compliance with certain <br />provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to <br />describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and <br />not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That <br />report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City of <br />Lake Elmo, Minnesota’s internal control over financial reporting and compliance. <br /> <br /> <br /> <br /> <br /> <br />SCHLENNER WENNER & CO. <br />St. Cloud, Minnesota <br />June 11, 2024 <br />