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Our examination was made for the purpose of forming an opinion on the combined <br />financial statements taken as a whole. The combining and individual fund financial <br />statements and schedules listed in the table of contents are presented for purposes <br />of additional analysis and are not a required part of the combined financial <br />statements of the City of St. Anthony, Minnesota. The information has been <br />subjected to the auditing procedures applied in the examination of the combined <br />financial statements and, in our opinion, is fairly stated in all material respects <br />in relation to the combined financial statements taken as a whole. Our examination <br />did not include the statistical information presented in the statistical section. <br />Certified Public Accountants <br />-5- <br />