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A material weakness is a condition in which the design or operation of one or more of the internal control <br />components does not reduce to a relatively low level the risk that misstatements in amounts that would be <br />material in relation to the financial statements being audited may occur and not be detected within a <br />timely period by employees in the normal course of performing their assigned functions. Our <br />consideration of the internal control over financial reporting would not necessarily disclose all matters in <br />the internal control that might be reportable conditions and, accordingly, would not necessarily disclose <br />all reportable conditions that are also considered to be material weaknesses. However, we consider the <br />reportable condition described above as item 2002 -1 to be a material weakness. <br />This report is intended solely for the information and use of the City Council and management of the City <br />of Ramsey, federal awarding agencies, and pass- through entities, and is not intended to be, and should not <br />be, used by anyone other than these specified parties. <br />May 1, 2003 <br />zw,141,' /zelaoti4d," <br />