4.1 ERMUSR 04-14-2020 - Laserfiche WebLink

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Emphasis of Matter As discussedin Note1B, the financial statements present only theElectric andWater enterprise funds and do not purport to, and do not present fairly the financial positionof the City as of December 31,2019, thechanges in its financial position, its cash flows for theyear thenendedinaccordancewithaccounting principlesgenerallyaccepted in the United States of America.Our opinion is not modifiedwith respect to this matter. Other Matters Required Supplementary Information Accountingprinciples generally acceptedintheUnited States of America require that the Management’s Discussion and Analysis Page15and theSchedule of Employer’s Share of the NetPensionLiability, the Scheduleof Employer’s Contributionsand theSchedule of Changesin theEmployer's OPEBLiabilityand Related Ratiosstarting on page50be presented to supplement the basic financial statements. Suchinformation, although notapart of the financial statements, is required by theGovernment AccountingStandardsBoard,who considers ittobe an essential part of financial reporting for placing the financial statements in anappropriate operational,economic, or historical context.We have applied certain limited procedures to the required supplementaryinformationin accordance with auditingstandards generally accepted in the UnitedStates of America,which consisted of inquiries ofmanagement about the methods of preparing theinformation andcomparing the informationfor consistencywith management’s responses toour inquiries, the basic financial statements, and other knowledgewe obtained duringour auditof the basic financial statements.We do notexpress an opinion orprovide anyassurance ontheinformation because the limited proceduresdo not provide uswith sufficient evidence toexpressanopinion or provideany assurance. Other Information Our auditwasconducted for the purposeof forming opinionson the financial statements that collectively comprise the Utilities’ financial statements as awhole. The introductory section and supplementalinformation listedin the table of contentsare presented for the purposeof additional analysis and arenota required partof the financial statements of the Utilities. The supplemental information, except for theportion marked “unaudited”onwhichwe express no opinion,has been subjectedto the auditing procedures applied in the audits of the financial statements and, in our opinion, is fairly stated in allmaterialrespects in relationto the financial statements taken asawhole. The introductory sectionand the supplemental informationmarked “unaudited”havenot been subjected to the auditingprocedures appliedin theaudit of the financial statements and, accordingly,wedo not expressan opinionor provide any assurance on them. ABDO, EICK &MEYERS, LLP Minneapolis, Minnesota 13 103