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<br />I <br /> <br />Ie <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Ie <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />Ie <br /> <br />I <br /> <br /> <br />Page Two <br /> <br />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 fmancial <br />statements being audited may occur and not be detected within a timely period by employees in the normal course of performing <br />their assigned functions. Our consideration of the internal control over financial reporting would not necessarily disclose all <br />matters in the internal control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable <br />conditions that are also considered to be material weaknesses. However, we believe the reportable condition described above is <br />not a material weakness. <br /> <br />We also noted other matters involving the internal control over fmancial reporting that we have reported to management ofthe <br />City in a separate letter dated April 8, 1999. <br /> <br />This report is intended for the information of the City Council, management and the Office of the State Auditor. However, this <br />report is a matter of public record and its distribution is not limited. <br /> <br />April 8, 1999 <br />Minneapolis, Minnesota <br /> <br />CLtn1JuJk JiJ. ~~ iLl <br /> <br />ABDO, ABDO, EICK & ME~E~RL~P <br />Certified Public Accountants <br /> <br />-51- <br />