10.2 2022 Audit Summary - Laserfiche WebLink

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Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Pequot Lakes, Minnesota's basic financial statements. The accompanying introductory section, combining nonmajor fund financial statements and schedule of indebtedness are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining nonmajor fund financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements.Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America.In our opinion,the combining nonmajor fund financial statements are fairly stated,in all material respects,in relation to the basic fmancial statements as a whole. The introductory section and schedule of indebtedness have not been subjected to the auditing procedures applied in the audit of the basic financial statements,and accordingly,we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated July 18,2023 on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws,regulations, contracts,and grant agreements and other matters.The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance.That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City of Pequot Lakes'internal control over financial reporting and compliance. ide41-.4-1-4‘..qt— 6. SCHLENNER WENNER&CO. St.Cloud,Minnesota July 18,2023 6