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8. Major issues discussed with management prior to retention 9. Difficulties encountered in performing the audit 10. Results and reports ofthe Single Audit, if required, to be performed. E, Special Considerations The City of Gem lake may prepare one or more official statements in connection with the sale of debt securities which will contain -the general purpose financial statements. and. the auditor's report thereon. The auditor shall be required, if requested by the fiscal.advisor and/or the underwriter, to issue a."consent and citation of expertise" as the auditor and any necessary "comfort letters," 2. The schedule of federal financial assistance and related auditor's report (if required), as well as the reports on the internal controls and compliance, are not to be included in the Annual. Financial Report, but are. to be. issued separately. 3; Additional assistance regarding the specifics of the. future implementation and compliance with the reporting requirements mandated by GASB may be required. F. Working' Paper Retention and Access to Working Papers All working papers and. reports must be retained, at the auditor's expense, fora minimum of three (3) years, unless the firm is notified in writing by the City of Gem lake of the need to extend the retention period, The auditor will:be required to make working papers available, upon request, to the following parties or their designees: • City of Gem Lake ■ MN State Auditor's Office • U.S. General.Accounting Office (GAO) • Parties designated by the federai or state govemmentsor by the City of Gem Lake as part of an auditquality reviewprocess ■ Auditors of entities.of which the City of Gem lake is a sub -recipient of grant funds In addition; the firm shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to`matters of continuing accounting significance. 111. DESCRIPTION OF THE GOVERNMENT A; Principal Contacts The auditor's principal contact with the City of Gem Lake will be Tom Kelly, City Treasurer, or a'designated representative, who will coordinate. the assistance to be provided by the City to the auditor. The phone number for the City Treasurer is 651-747-2760. Ii