2009 01-20 CCP - Laserfiche WebLink

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C:1'r1s,:Ctii;suiraiit 2': Advisors www. Eu rnon sl l u n.can i January 7. 2009 City Council City of Gem Lake 4707 Hwy 01 .# 253 White Bear Lake, MN 551.1O-3777 Dear Members of the City Council: Weare pleased to confirm our understanding of the services we areto provide the City of Dept Lake ("you„ or "your") for the year ender) December 31, 200B. Scope We will audit the financial statements of the governmental activities, .tltcbusiness-type activities. each niajor fund, and the aggregate.I-crnaining !chid information, which collectively comprise the entity's basic financial statements, of the City of Gem Lake as of and .for the year ended December 31. 2008. Accounting standards generally accepted in the United States provide for certain required, supplementary information (RS1). such as management's discussion and analysis (MD&A) to accompany .the City of Gem Lake':s basic financial statements As part of our engagement. we will apply certain liinitef:d procedures to .the City of. Ge.mn Lake'.s. RSI. These limited procedures will consistprincipally of inquiries of management regarding themethods of measurement .and . presentation. which management is responsible for a ffir nirng :to us nt itsrepresentation letter Unless we encounter problems with the presentation of. the RSI or with procedures relating to it, we will disclaim an opinion on it. The following. RSI is required by U.S. generally accepted accounting principles:. and will be subjected tocertain limited procedures, but will not bc audited: f Management's Discussion and Analysis: I3udggetary Comparison Schedules Supplementary information other. than RSI. such as combining and individual fund financial statements. also accompanies the City of Gera L.ake's basic financial. statements We will subject the following supplementary information to the auditing procedures applied in our audit of the basic financial statements and will provide an opinion on it in relation to thebasic financial statements Combining and lndividtial Fund Statements and Schedules The following additional information accoinpanying: the basic: financial statements will not be subjected to the. auditing procedures .applied in our audit of the financial statements. and tier which Our 'auditors' report will disclaim an opinion 1 Introductory. Section. trxmAlicu Lti' is a mwnliur r.f Ncxia hrlu+ifflI n . a Weald wick nql}ti.uk r:r intkiientkni 3ceiwhiinir wvri cnnsURiiP firms I ti'r }i IiN ASS 0NAf