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berganKDv <br />Minnesota Legal Compliance <br />Independent Auditor's Report <br />Honorable Mayor and Members <br />of the City Council <br />City of Elk River <br />Elk River, Minnesota <br />We have audited, in accordance with auditing standards generally accepted in the United States of <br />America, and the standards applicable to financial audits contained in Government Auditing Standards, <br />issued by the Comptroller General of the United States, the financial statements of the governmental <br />activities, the business -type activities, the discretely presented component units, each major fund, and <br />the aggregate remaining fund information of the City of Elk River, Minnesota as of and for the year <br />ended December 31, 2022, and the related notes to financial statements, which collectively comprise the <br />City's basic financial statements, and have issued our report thereon dated May 25, 2023. <br />In connection with our audit, nothing came to our attention that caused us to believe that the City failed <br />to comply with the provisions of the contracting and bidding, deposits and investments, conflicts of <br />interest, public indebtedness, claims and disbursements, miscellaneous provisions, and tax increment <br />financing sections of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State <br />Auditor pursuant to Minnesota Statute § 6.65, insofar as they relate to accounting matters. However, our <br />audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had <br />we performed additional procedures, other matters may have come to our attention regarding the City's <br />noncompliance with the above referenced provisions, insofar as they relate to accounting matters. <br />The purpose of this report is solely to describe the scope of our testing of compliance and the results of <br />that testing, and not to provide an opinion on compliance. Accordingly, this communication is not <br />suitable for any other purpose. <br />13ve'toi. w. <br />Minneapolis, Minnesota <br />May 25, 2023 <br />BERGANKDV, LTD. I BERGANKDV.COM I DO MORE. 10 <br />