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Honorable Mayor <br />Members of the City Council and Citizens <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 />-basio financial statements but supplementary information required by U.S. generally accepted <br />acedonting 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-informatiort: 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 the <br />Governmental Accounting. Standards Board has determined is necessaly to supplement, although not <br />4-equired to be part of, the basic financial statements. <br />Our audit was conducted for the purposeof forming. opinions on the financial statements that <br />-collectively comprise the City's basic financial Statements. The accompanying supplementary <br />information, made up .of the combining fund financial statements. listed in :the table of contents, are <br />-presented for purposes -of .additional analysis and ..are :not a required part. of the basic financial. <br />statements. Such information has been subjected to the auditing procedures applied. in our audit of the <br />basic financial statements and, in our *.op.inion, is fairly stated in. all material respects .in gelation to the <br />basic financ'ial.statements taken as a whole. <br />Minneapolis* :Minnesota <br />August 29, ZOOS <br />�i�C a.�yL�iG t <br />4Lr <br />1 <br />LarsonAJleri- LLP <br />(2) <br />