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Honorable Mayor Members of the City Cbuncil and Citizens City of Gem Lake opinions In our .opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, the businessAype activities., each major fund, and the aggregate remaining fund information of the City of `Gem Lake, Minnesota as of December 31, 2015, and the respective changes in financial position and cash flows, where applicable; thereof for the year then ended in conformity with accounting principles generally accepted in the United States af. America. Report on Summarized Comparative Information We have previously audited the City of Gem Lake's 2014 financial statements of the governmental activities, the. business -type. activities, each major fund, and the aggregate remaining fund information, and we expressed unmodified audit opinions on those. financial statements in our report dated April 29, .015. 1n our opinlori; the summarized .co.mparative information presented herein as of and. for the year ended December 31, 2014 Is consistent, in. all material respects, with the audited financial statements from which it has been derived. Oth er Matters Required Supplementary Information Accounting principles generally accepted in the United States;of America required that. the budgetary comparison information as listed in the table of contents, tie :presented to supplement the basic financial statements. Such information, although not_a.part of tine basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in ansppropriate operational, economic, or historical ' context. We have applied certain limited procedures to- the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic. financial statements, and other knowledge we obtained during our audit of.the basic financial statements. We do not express an opinion or provide. any:assurance on the information because the. limited procedures do not provide us with sufficient evil-ence to:express an opinion pr provide any assurance. Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United 'States of. America require to be presented to supplement the basic financial statements. Such missing information, although not.a part of the basic financial statements, is required lay the Governmental Accounting Standards Board who: considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operations, economic,. or historical context. Our opinion on the basic financial statements is not affected by this missing information. Supplementary Information our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The accompanying combining non -major fund financial statements, as listed in. the table of contents, are presented for purposes of additional analysis and are not a required part of the. basic financial statements, (2)