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CITY OF LAKE ELMO, MINNESOTA June 23, 2025 Schlenner Wenner & Co. St. Cloud, MN 56302 This representation letter is provided in connection with your audit of the basic financial statements of the City of Lake Elmo, Minnesota (the City), as of and for the year ended December 31, 2024 for the purpose of expressing an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). We confirm, to the best of our knowledge and belief, that as of June 23, 2025: Financial Statements 1. We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated December 8, 2022, for the preparation and fair presentation of the financial statements referred to above in accordance with U.S. GAAP. 2. We acknowledge our responsibility for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. 3. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. 4. The methods, data, and significant assumptions used by us in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement, or disclosure that is reasonable in the context of U.S. GAAP, and reflect our judgment based on our knowledge and experience about past and current events, and our assumptions about conditions we expect to exist and courses of action we expect to take. 5. Related-party transactions have been recorded in accordance with the economic substance of the transaction and appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP. Types of related party transactions engaged in by the City include: a. Those with component units for which the City is accountable. b. Those with other organizations for which the nature and significance of their relationship with the City are such that exclusion would cause the City’s financial statements to be misleading or incomplete. c. Interfund transactions, including interfund accounts and advances receivable and payable, sale and purchase transactions, interfund transfers, long-term loans, leasing arrangements and guarantees. 6. All funds that meet the quantitative criteria in GASB Statement No. 34; Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, as amended, and No. 37, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments: Omnibus—an amendment of GASB Statements No. 21 and No. 34, for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial statement users.