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Our consideration of the internal control structure would not necessarily disclose all matters in the intemal control <br />structure that might be material weaknesses under standards established by the American Institute of Certified Public <br />Accountanu. A material weakness is a reportable condition in which the design or operation of one or more of the <br />specific internal conhoi structure elements does not reduce to a relatively low level the rise that errors or irregularities <br />in amounu that would be material in relation to the financial statement being audited may occur and not be detected <br />within a timely period by employees in the normal course of performing their assigned functions. We noted no matters <br />involving the intemal control structure and its operation that we consider to be material weaknesses as defined above. <br />This report is intended for the information of Management, the City Council, state agencies, the Federal Cognizant <br />Audit Agency and other federal agencies. However, this report is a matter of public record and iu distribution is not <br />timited. <br />�� �-%��� � �- <br />March 25, 1994 <br />Minneapolis, Minnesota <br />iin <br />