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8 <br />City of Elk River <br />Schedule of Findings and Questioned Costs <br />SECTION I – SUMMARY OF AUDITOR'S RESULTS <br />Financial Statements <br />Type of auditor's report issued: We issued an unmodified opinion on <br />the fair presentation of the financial <br />statements of the governmental <br />activities, business-type activities, the <br />discretely presented component unit, <br />each major fund, and the aggregate <br />remaining fund information in <br />accordance with accounting principles <br />generally accepted in the United <br />States of America (GAAP). <br />Internal control over financial reporting: <br />x Material weakness(es) identified? No <br />x Significant deficiency(ies) identified? None reported <br />Noncompliance material to financial statements <br /> noted? No <br />Federal Awards <br />Type of auditor's report issued on compliance for <br /> major programs: Unmodified <br />Internal control over major programs: <br />x Material weakness(es) identified? No <br />x Significant deficiency(ies) identified? None reported <br />Any audit findings disclosed that are required to <br /> be reported in accordance with 2 CFR 200.516(a)? No <br />Identification of Major Programs <br />Assistance Listing No.: 21.027 <br />Name of Federal Program or Cluster: Coronavirus Relief Fund – America <br />Rescue Plan <br />Dollar threshold used to distinguish <br /> between type A and type B programs: $750,000 <br />Auditee qualified as low risk auditee? Yes <br />Page 412 of 637