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<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 financial statements themselves, and other <br />additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, <br />the combining and individual nonmajor fund financial statements and supplemental schedules are fairly stated, in all material <br />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. O ur <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 basic financial statements, our responsibility is to read the other information and consider <br />whether a material inconsistency exists between the other information and the basic financial statements, or whether the other <br />information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected <br />material 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 23, 2025 on our consideration <br />of the City of Lake Elmo’s internal control over financial reporting and on our tests of its compliance with certain provisions <br />of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe th e <br />scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide <br />an opinion on the effectiveness of the City of Lake Elmo’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’s internal control over financial reporting and compliance. <br /> <br /> <br /> <br /> <br /> <br />SCHLENNER WENNER & CO. <br />St. Cloud, Minnesota <br />June 23, 2025 <br />