CCP 06-08-1998 - Laserfiche WebLink

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I 't,,:O::;i'(~-:~ [' \'<<: Page Two I I~.~ . b.~ty t' t.ol(~' I A material weakness is a condition in which the design or operation of one or more of the internal control components does I not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. Our consideration of the internal control over financial reporting would not necessarily I disclose all matters in the internal control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. However, we believe the reportable condition described above is not a material weakness. I We also noted other matters involving the internal control over fmancial reporting that we have reported to management of the City in a separate letter dated May 14, 1998, This report is intended for the information of the City Council, management and the Office of the State Auditor. However, I this report is a matter of public record and its distribution is not limited. I ~ (lM, ~?~ , May 14, 1998 ABDO, ABDO, E1CK & MEYERS, LLP Minneapolis, Minnesota Certified Public Accountants I I . I I I I I I I I . I -43- -