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CITY OF PEQUOT LAKES, MINNESOTA <br />REQUIRED COMMUNICATIONS <br /> <br /> <br />3 <br />Audit Adjustments <br />Audit adjustments have been proposed by us and recorded by the City for the purpose of adjusting year-end balances <br />for taxes receivables, compensated absences, debt, accrued interest, OPEB, and net pension balances, as well as <br />recording current year capital asset activity and depreciation, and reclassifying various revenue and expense activity. <br /> <br />Uncorrected Misstatements <br />We are not aware of any uncorrected misstatements other than misstatements that are clearly trivial. <br /> <br />Departure From the Auditor's Standard Report <br />Our Independent Auditors' Report includes several additional or non-standard paragraphs that you should be aware of <br />as follows: <br /> Other Matters related to Required Supplementary Information and Supplementary Information <br /> Other Reporting Required by Government Auditing Standards <br /> Report on Other Legal and Regulatory Requirements <br /> <br />Disagreements with Management <br />We encountered no disagreements with management over the application of significant accounting principles, the <br />basis for management’s judgments on any significant matters, the scope of the audit, or significant disclosures to be <br />included in the financial statements. <br /> <br />Consultations with Other Accountants <br />We are not aware of any consultations management had with other accountants about accounting or auditing matters. <br /> <br />Significant Issues Discussed with Management <br />No significant issues arising from the audit were discussed or were the subject of correspondence with management. <br /> <br />Significant Difficulties Encountered in Performing the Audit <br />We did not encounter any significant difficulties in dealing with management during the audit. <br /> <br />Letter Communicating Deficiencies in Internal Control Over Financial Reporting <br />We have separately communicated the material weakness and significant deficiency in internal control over financial <br />reporting identified during our audit of the financial statements, and this communication is included within the <br />compliance section of the City’s financial report for the year ended December 31, 2019. <br /> <br />Certain Written Communications Between Management and Our Firm <br />We have requested certain representations from management that are included in the management representation letter <br />dated May 22, 2020.