2009 06-19 CCP - Laserfiche WebLink

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Lars•nAllen LLP CPAs, Consultants & Advisors www.itirsona Ilen.corn Honorable Mayor and Members of the City Council City of Gem. Lake Gem Lake, Minnesota We have audited the financial statements of the governmental activities, thebusiness-type activities, each major. fund, and theaggregate remaining fund information of City of Gern Lake for the year ended December 31, 2008, and have issued ourreport thereon dated April 24, 2009. Professional standards require that we provide you with the following information related to our audit. Our Responsibility Under.U.S. Generally Accepted. Auditing. Standards and Go.ver►trnejit Airditing Standards As stated in our engagement letter dated January 7, 20.09,. our responsibility, as described by professional standards, is to express opinions about whether the financial statements prepared by management with your oversight are .fairly presented, in all material respects, in conformity with ll.S, generally accepted accounting .principles, Our audit.of the financial statements does not. relieve. you or management of your responsibilities As part of our audit, we considered the internal control of City of Gem Lake. Such considerations were solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control. As part of obtaining reasonable assurance about whether the financial :.statements are free of material misstatement,we performed tests of City of Gem Lake's compliance with certain provisions of laws,regulations, contracts, and grants. However, the objective of our tests was not to provide an opinion on compliance withsuch provisions. 1. Our responsibility is to plan and perform the audit to obtain reasonable, but not absolute, assurance that the financial statements are free of material rnisstatcrnent. 2. We are responsible for communicating significant mattersrelated to theaudit that are, in our professional. judgment, .relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures specifically to identify such matters. Other Information in Documents; Containing Audited Financial Statements Our audit opinion, the audited financialstatements, and the notes to financial statements should only be used in. their entirety. Inclusion of the audited .financialstatements in a client prepared document, such as an annual report, should be done only with our prior approvaland review of the document. Our responsibility for other. information in documents containing the entity's financial statements and report does not extend beyond the financial information identified in the report. We do not have an obligation to perform any procedures to. corroborate otherinformation contained in such documents. Planned Scope and Timing of the Audit We performed the audit according to the planned scope and timing previously communicated to you in our meeting about planning matters on March 23, 2009. .. •i► LarsonAlleri I.LP is a member of International, a worldwidet' network oindepcndent.accounting and consuiiing firms. INTERNATIONAL