Laserfiche WebLink
Wmpr A material weakness is a reportable condition in which the design or operation of one or more of <br />the internal control structure elements does not reduce to a relatively low level the risk that <br />noncompliance with laws and regulations that would be material to a federal financial assistance <br />program may occur and not be detected within a timely period by employees in the normal <br />course of performing their assigned functions. <br />Our considerations of the internal control policy and procedures used in administering federal <br />financial assistance, would not necessarily disclose all matters in the internal control structure <br />that might be reportable conditions and accordingly, would not necessarily disclose all reportable <br />conditions that are also considered to be material weaknesses as defined above. However, we <br />believe none of the reportable conditions described above is a material weakness. <br />— This report is intended for the information of the City of Lino Lakes, Minnesota and the Federal <br />Cognizant Audit Agency. However, this report is a matter of public record and its distribution is <br />not limited. <br />TAUTGES, REDPATH & CO., LTD. <br />Certified Public Accountants <br />May 23, 1996 <br />