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Our consideration of the internal control structure would not necessarily disclose all matters m the internal <br />control structure that might be material wealmesses under standards established by the American Institute of <br />Certified Public Accountants. A material wealmess is a repottable condition in which the design or operation <br />of one or more of the specific intemal control strucrure elements does not reduce to a reJatively low level the <br />rise that enors or irregularities in amounts that would be material in reladon to the financial statement being <br />audited may occur and not be detected within a timely period by employees in the normal course of perForming <br />the'u assi�ed functions. We noted no maners inwlving the intemal control strucrure and its operation that we <br />considez to be material wealmesses as defined above. <br />This report is intended for the mformation of the management, the city council, state agencies, the federal <br />cognizant audit agency and other federal agencies. However, this report is a matter of public record and its <br />distnbution is not limited. <br />�.� �/.�� �- �°. <br />March 19, 1993 <br />Minneapolis, Minnesota <br />110 <br />