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2010 FINANCIAL STATEMENTS
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2010 FINANCIAL STATEMENTS
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11/20/2025 10:52:52 AM
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Financial/Accounting
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FIN 02620
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Financial Statements
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Honorable Mayor and <br />Members of the City Council <br />City of Gem Lake <br />Compliance and Other Matters <br />As partof obtaining reasonable assurance about whether the City's financial statements are free of <br />material misstatement, we performed tests of its compliance with certain provisions of laws, <br />regulations, contracts, and grant agreements, noncompliance with which could have a direct and <br />material effect on the determination of financial statement amounts. However, providing. an opinion on <br />compliance. with those provisions was not an objective of our audit and, accordingly, we do not express <br />such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that <br />are required to be reported under Govemment Auditing Sta►adards. <br />The City's responses to the findings identified. in our audit are described in the accompanying schedule <br />of findings .and responses. We did not audit the City's responses and, accordingly, we express no <br />opinion on them. <br />This report is intended solely for `the.info rmation and use of the City Council, management, the Office of <br />the State Auditor, and state and federal awarding agencies and is not intended to be and should. not be. <br />used by anyone other than these specified parties. <br />Minneapolis, Minnesota <br />June 1.3, 2011 <br />L,w4,AAe,, � -P <br />LarsorfAllien LLP <br />(32) <br />
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