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Our consideration of the intemal control structure would not necessarily disciose all matters in the intemal control <br />structure that mig}tt be material weaknesses under standards established by the American Institute of Certified Public <br />Accountanu. A material weakness is a reportable condirion in which the design or opention of one or more of the <br />specific internal control swcture elements does not reduce to a relatively low level the rise that eaors or irregulariries <br />in amounu that would be materiai in relation ro the financial statement being audited may cecur 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 operarion that we consider to be material weala�esses u defined above. <br />This report is intended for the informarion 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 its distribution is not <br />limited. <br />�,� �.e�� �'u� <br />April 13, 1995 <br />Minneapolis, Minnesota <br />109 <br />