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Honorable .Mayor <br />Members of the City Council and.Citiizen& <br />City of Gem Lake <br />The budgetary comparison information as listed in. the table of contents is. not a required part of the <br />basic financial statements but. is supplementary information. required by U.S.. generally accepted <br />accounting principles. We have applied certain limited procedures, which consisted principally of <br />inquires of management regarding the methods of measurement and presentation of the required <br />supplementary information.. However, we did.not audit the information and express no opinion on it.. <br />The City of Gem Lake has not presented the management's discussion and analysis that U.S. generally <br />accepted accounting principles have determined is necessary to supplement, although not required to <br />be part of, the. basic financial statements. <br />Our audit was conducted for the purpose of farming opinions on the financial statements that <br />collectively comprise the City's basic financial statements. The accompanying combining fund financial <br />statements as listed in the table of contents, are presented for purposes of additional analysis and are <br />not a required part of the basic financial statements. Such information has been subjected to the <br />auditing procedures applied in our audit of the basic fihancial statements. and, in our opinion,. is fairly <br />stated in all material respects in relation to the basic financial statements taken.as a whole. <br />Minneapolis,. Minnesota <br />June 13,. 2011 <br />1-1—to <br />LarsonAllen LLP <br />(2) <br />