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<br />I <br /> <br />I. <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />I. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />.. <br />I <br /> <br />I <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 ntisstatements in amounts that would be material in relation to the fmancial 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 ntigbt 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 /> <br />We also noted other matters involving the internal control over fmancial reporting that we have reported to management of the <br />City in a separate letter dated March 31, 2000. <br /> <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 /> <br />{l' 'li;, if <br /> <br />:t <br /> <br />March 31,2000 <br />Minneapolis, Minnesota <br /> <br />ABDO, ABDO, EICK & MEYERS, LLP <br />Certified Public Accountants <br /> <br />-48- <br />