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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 St. Anthony, Minnesota
<br />We have audited the accompanying financial statements of the governmental activities, the
<br />business -type activities, each major fund, and the aggregate remaining fund information of
<br />the City of St. Anthony, Minnesota, as of and for the year ended December 31, 2009, which
<br />collectively comprise the City of St. Anthony, Minnesota's basic financial statements as
<br />listed in the table of contents. These financial statements are the responsibility of the City of
<br />St. Anthony, Minnesota's management. Our responsibility is to express opinions on these
<br />financial statements based on our audit.
<br />We conducted our audit in accordance with auditing standards generally accepted in the
<br />United States of America and the standards applicable to financial audits contained in
<br />Government Auditing Standards, issued by the Comptroller General of the United States.
<br />Those standards require that we plan and perform the audit to obtain reasonable assurance
<br />about whether the financial statements are free of material misstatement. An audit includes
<br />examining, on a test basis, evidence supporting the amounts and disclosures in the financial
<br />statements. An audit also includes assessing the accounting principles used and significant
<br />estimates made by management, as well as evaluating the overall financial statement
<br />presentation. We believe that our audit provides a reasonable basis for our opinions.
<br />In our opinion, the financial statements referred to above present fairly, in all material
<br />respects, the respective financial position of the governmental activities, the business -type
<br />activities, each major fund, and the aggregate remaining fund information of the City of St.
<br />Anthony, Minnesota, as of December 31, 2009, and the respective changes in financial
<br />position, and cash flows, where applicable, thereof for the year then ended in conformity
<br />with accounting principles generally accepted in the United States of America.
<br />As discussed in Note 7 to the financial statements, the City of St. Anthony, Minnesota
<br />implemented Governmental Accounting Standard Board Statement No. 45, Accounting and
<br />Financial Reporting by Employers for Post -Employment Benefits Other Than Pensions, as of
<br />and for the year ended December 31, 2009. This Statement results in the City of St.
<br />Anthony, Minnesota reporting a liability for post -employment benefits that the City of St.
<br />Anthony, Minnesota provides to its employees.
<br />4810 White Bear Parkway White Dear Lake, Minnesota 55110 651 426 7000
<br />140r,uA,,, ld,au, Lid. rs i, "'h,' h¢n'i 'l' dd-�eiC a,P a afexa mg 1bmii ,, 16,sors.
<br />651 426 5004 Fax I wm'w.hllnr.com
<br />Equal Opportunity Employer
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