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Board of Directors <br />La Porte Redevelopment Authority <br />Accounting principles generally accepted in the United States of America require that <br />Management's Discussion and Analysis on pages 3 through 7 and the Schedule of Revenues, <br />Expenditures, and Changes in Fund Balance — Budget and Actual — General Fund on page 21 be <br />presented to supplement the basic financial statements. Such information, although not a part of <br />the basic financial statements, is required by the Governmental Accounting Standards Board, <br />who considers it to be an essential part of financial reporting for placing the basic financial <br />statements in an appropriate operational, economic, or historical context. Wchave applied <br />certain limited procedures to the required supplementary information in accordance,with auditing <br />standards generally accepted in the United States of America, which consisted . f inquiries of <br />management about the methods of preparing the information and cort�farig the information for <br />consistency with management's responses to our inquiries, the, basic financial statements, and <br />other knowledge we obtained during our audit of the basic; fa�i6li statements. We do not <br />express an opinion or provide any assurance on the information because the limited procedures <br />do not provide us with sufficient evidence to express an opinzbn,or-provide any assurance. <br />Our audit was conducted for the purpose of forming opir ons on the financial statements that <br />collectively comprise the Authority's basic financial,-9fatements. The other supplementary <br />information is presented for purposes of additior'4.analysis and is not a required part of the basic <br />financial statements. Such information is the responsibility of management and was derived <br />from and relates directly to the underlying` -accounting and other records used to prepare the <br />financial statements. This information,'excluditng that portion marked "Unaudited" on which we <br />express no opinion or provide ary, assurace, has been subjected to the auditing procedures <br />applied in the audit of the f naddhal°rstate`ments and certain additional procedures, including <br />comparing and reconcilingr:!iu6&1information directly to the underlying accounting and other <br />records used to prepare tle;fancal statements or to the financial statements themselves, and <br />other additional procedures 'in= accordance with auditing standards generally accepted in the <br />United States of America:` In our opinion, the information is fairly stated in all material respects <br />in relation to the�f nancial statements as a whole. <br />McCall-, "son Swedlund Barfoot PLLC <br />Certified "Public Accountants <br />March 27, 2013 <br />-2- <br />