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mail boy0 <br />September, 2019 <br />Volume 13, Issue 4 Gem Lake News <br />Special Interest <br />Articles: <br />•Audit Complete <br />•Water Gremlin <br />Update <br />•City News Page 4 <br />•MS-4 Update <br />Upcoming Recycling <br />Dates: <br />•September 25 <br />•October 9 <br />•October 23 <br />•Tip: put out <br />your bin the <br />night before <br />for 7 a.m. <br />pick-up. <br />Gretchen Artig-Swomley, Newsletter Editor <br />Gem Lake's 2018 audit is now complete and the <br />results are fairly standard. City Council Members <br />were given a complete presentation of the results at <br />the August 20th City Council Meeting. <br />The audit was conducted by CliftonLarsonAllen LLP, <br />who also did the previous six audits. According to <br />CliftonLarsonAllen, the result was what is called an <br />unmodified report, which is good. Auditors found that <br />the financial statements of Gem Lake presented <br />fairly in all material respects the true financial <br />position of the city. <br />Management judgments and accounting estimates <br />were considered reasonable and supported. <br />Disclosures were deemed to be clear and complete. <br />According to Michelle Hoffman, a Principal for <br />CliftonLarsonAllen, no difficulties were encountered <br />in performing the audit. The audit showed that <br />management judgements and accounting estimates <br />were reasonable and supported, there were no <br />uncorrected adjustments and disclosures were <br />adequate, clear and complete. (Continued pg.2) <br />City Passes Audit with Flying Colors <br />More Contamination Found at Water Gremlin <br /> Due to contamination found on its site in White Bear <br />Township, Water Gremlin has ceased its coating <br />operations, pending site clean-up activities. <br />Contaminants found on the site are lead and the <br />chemicals TCE and DCE, which were used in the <br />coating process.(TCE is now banned.) <br />Recently, Water Gremlin attempted to subcontract its <br />coating operation to a Wisconsin company. However, <br />that potential subconstractor cancelled the contract <br />soon after a CBS news report on the activity. It is <br />unknown at this time if Water Gremlin is searing for <br />other potential subcontractors. <br />The long-term goal of Water Gremlin is to operate at <br />levels of DCE and other VoC’s that would be the level, <br />not requiring a permit from the Minnesota Pollution <br />Control Agency. To this end, Water Gremlin is testing <br />a water-based solvent to coat the battery terminals <br />they manufacture. (continued on page 2)