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15 <br /> <br /> <br /> <br />INDEPENDENT REPORT <br /> <br /> <br /> <br />Honorable Mayor and Members <br /> of the City Council <br />City of New Brighton <br />New Brighton, Minnesota <br /> <br /> <br />Report on the Financial Statements <br /> <br />We have audited the accompanying financial statements of the governmental activities, the business- <br />type activities, each major fund, and the aggregate remaining fund information of the City of New <br />Brighton, Minnesota, as of and for the year ended December 31, 2013, and the related Notes to the <br />Financial Statements, which collectively compr <br />Table of Contents. <br /> <br /> <br /> <br />Management is responsible for the preparation and fair presentation of these financial statements in <br />accordance with accounting principles generally accepted in the United States of America; this includes <br />the design, implementation and maintenance of internal control relevant to the preparation and fair <br />presentation of financial statements that are free from material misstatement, whether due to fraud or <br />error. <br /> <br /> <br /> <br />Our responsibility is to express opinions on these financial statements based on our audit. We <br />conducted our audit 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. Those standards require that we plan and <br />perform the audit to obtain reasonable assurance about whether the financial statements are free from <br />material misstatement. <br /> <br />An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in <br />judgment, including the <br />assessment of the risks of material misstatement of the financial statements, whether due to fraud or <br />error. In making those risk assessments, the auditor considers internal control relevant to the Cit <br />preparation and fair presentation of the financial statements in order to design audit procedures that are <br />appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of <br />the C n. An audit also includes evaluating <br />the appropriateness of accounting policies used and the reasonableness of significant accounting <br />estimates made by management, as well as evaluating the overall presentation of the financial <br />statements. <br /> <br />We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for <br />our audit opinions.