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' Page Two <br /> 1 A material weakness is a condition in which the design or operation of one or more of the internal control components does not <br /> reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements <br /> being audited may occur and not be detected within a timely period by employees in the normal course of performing their <br /> ' assigned functions. Our consideration of the internal control over fmancial reporting would not necessarily disclose all matters in <br /> the internal control that might be reportable conditions and,accordingly,would not necessarily disclose all reportable conditions <br /> that are also considered to be material weaknesses. However,we believe the reportable condition described above is not a <br /> ' material weakness. <br /> met" <br /> We also noted other matters involving the internal control over financial reporting that we have reported to management of the <br /> City in a separate letter dated April 4,2001. <br /> ' This report is intended solely for the information and use of the City Council,management and the Office of the State Auditor and <br /> is not intended to be and should not be used by anyone other than these specified parties. <br /> April 4,2001 ABDO,EICK&MEYERS,LLP <br /> Minneapolis,Minnesota Certified Public Accountants <br /> lie <br /> i <br /> 1 <br /> -46- <br />