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KERN•DEWENTER•VIERE <br />March 4, 2004 <br />Honorable Mayor and Council Members <br />Heather Worthington, City Administrator <br />Roland Olson, Finance Director <br />City of Falcon Heights <br />Falcon Heights, Minnesota <br />The accompanying memorandum includes suggestions for improvement of accounting <br />procedures and internal accounting control measures that came to our attention as a result of our <br />audit of the financial statements of the City of Falcon Heights, Minnesota, for the year ended <br />December 31, 2003. We considered the matters discussed herein during our audit and they do <br />not modify the opinion expressed in our Independent Auditors' Report dated March 4, 2004, on <br />such statements. <br />In planning and performing our audit of the financial statements of the City of Falcon Heights, • <br />Minnesota, for the year ended December 31, 2003, we considered its internal control in order to <br />determine our auditing procedures for the purpose of expressing our opinion on the financial <br />statements and not to provide assurance on the internal control. However, we noted a certain <br />matter involving internal control and its operation that we consider to be a reportable condition <br />under standards established by the American Institute of Certified Public Accountants. <br />Reportable conditions involve matters coming to our attention relating to significant deficiencies <br />in the design or operation of the internal control that, in our judgment, could adversely affect the <br />City's ability to record, process, summarize and report on financial data consistent with the <br />assertions of management in the financial statements. <br />A material weakness is a reportable condition in which the design or operation of one or more of <br />the internal control components does not reduce to a relatively low level the risk that errors or <br />irregularities in amounts that would be material in relation to the financial statements being <br />audited may occur and not be detected within a timely period by employees ui the normal course <br />of performing their assigned functions. <br />Our consideration of internal control would not necessarily disclose all matters in internal control <br />that might be reportable conditions and, accordingly, would not necessarily disclose all <br />reportable conditions that are also considered to be material weaknesses. However, the <br />reportable condition described is not believed to be a material weakness. <br />• <br />