Annual_Report_1991_001 - Laserfiche WebLink

Home

For all of the internal control structure categories listed above, ve obtained an understanding of the design of relevant policies and pzocedures and determined vhether they have been placed in operation, and ve assessed control risk. Our consideration of the internal coatrol structuse vould aot aecessarily disclose all matter5 in the interaal control structure that might be reportable conditions aad, accordingly, vould not necessarily disclose all reportable conditions that are also coasidered to be material veaknesses uades standards established by the American Institute of Certified Public Accouatants. A matesial weakaess is a zeportable condition ia vhich the design or opezation of oae ar more af the iataraal eontrol structuze elements does not reduce to a relatively low level the risk that errors or irregularitias in amounts that vould be material in relation to the general-purpose financial statements beiag audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned fuactions. We noted na matters invalviag the internal conerol structure aad its operatioas that We consider to be material weakaess as defined abave. This report is intended £or the iaformatioa of maaagamant, the city council, and applicabie state and federal agencies. This restziction is not inteaded to limit the distribution of this report, which is a matter of public record. �/�i �� 1- � • liarch 25 p 1992 Kinaeapolis, Minnesota ��]