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1 <br />1 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 timely <br />period by employees in the normal course of performing their assigned functions. Our consideration of the <br />internal control over financial reporting would not necessarily disclose all matters in the internal control that <br />might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that <br />1 are also considered to be material weaknesses. However, we consider the reportable condition described <br />above as item 2000 -1 to be a material weakness. <br />1 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 />"0,411/S a_ <br />1 <br />April 19, 2001 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />