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Lars.nAllen <br />CPAs, .Cousuitant:s & _Advisors <br />www.iarsonalien.com <br />REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING <br />AND ON COMPLIANCE AND OTHER MATTERS BASED ON <br />AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN <br />ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS <br />Honorable Mayor and <br />Members of the City Council <br />City of Gem Lake, Minnesota <br />We have audited the financial statements of the governmental activities, the business -type activities, <br />each major fund, and the aggregate remaining fund information of the City of Gem Lake, Minnesota as <br />of and for the year ended December 31, 2008, which collectively comprise the City's basic financial <br />statements and have issued our report thereon dated April 24, 2009. We conducted our audit in <br />accordance with U.S. generally accepted auditing standards and the standards applicable to financial <br />audits contained in Government Auditing Standards, issued by the Comptroller General of the United <br />States. <br />Internal Control Over Financial Reporting <br />In planning and performing our audit, we considered the City's internal control over financial reporting <br />as a basis for designing our auditing procedures for the purpose of expressing our opinions on the <br />financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's <br />internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness <br />of the City's internal control over financial reporting. <br />A control deficiency exists when thedesign or operation of a control does not allow management or <br />employees, in the normal course of performing their assigned functions, to prevent or detect <br />misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of <br />control deficiencies, that adversely affects the City's ability to initiate, authorize, record, process, or <br />report financial data reliably in accordance with U.S. generally accepted accounting principles such that <br />there is more" than a remote likelihood that a misstatement of the City's financial statements that is <br />more than inconsequential will not be prevented or detected by the City's internal control over financial. <br />reporting. <br />A material weakness is a significant deficiency, or combination of significant deficiencies, that results in <br />more than a remote likelihood that a material misstatement of the financial statements will not be <br />prevented or detected by the City's internal control. <br />Our consideration of the internal control over financial reporting was for the limited purpose described <br />in the first paragraph and would not necessarily identify all deficiencies in the internal control that might <br />be significant deficiencies and. accordingly, .would notnecessarily disclose all significant deficiencies <br />that are also considered to be material weaknesses. We consider the deficiency described as item <br />2008-1 in the accompanying schedule of findings and responses to be a material weakness in internal <br />control over financial reporting. <br />al) <br />LarsonAlIcn LLIf is a member of Nc'ia International; a worldwide network of independent accounting and consulting.fiinns: <br />iNTrtt,NATIO,N A <br />