Laserfiche WebLink
A material weakness is a reportable condition in which the design or operation <br />of one more of the internai control structure elements does not reduce to a <br />relatively low level the risk that errors or irreguiarities in amounts that would <br />be material in relation to the general-purpose financial statements being audited <br />or that noncompliance with laws and regulations that would be material to a <br />federal financial assistance program may occur and not be detected within a <br />timely period by employees in the normai course of performing their assigned <br />functions. We noted no matters involving the internal control structure and its <br />operations that we consider to 6e material:weakness as defined above. <br />This report is intenaed for the information of management, the city council, and <br />applicable state and federal agencies. This r2striction is not intended to limit <br />the distribution of this report, which is a matter of public rzcord. <br />������ ¢ �. <br />March 25, 1991 <br />Minneapolis, Minnesota <br />Eide Helmeke & Co. <br />