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INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS <br />APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER <br />COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 <br />(Continued) <br />We noted certain matters involving the internal control over compliance and its operation that wee <br />consider to be reportable conditions. Reportable conditions involve matters corning to our attention relating to <br />significant deficiencies in the design or operation of the internal control over corpliance that, in our judgment„ <br />could adversely affect the City's ability to administer a major federal program in accordance with applicable <br />requirements of laws, regulations, contracts and grants. Reportable conditions are described in the accom- <br />panying Schedule of Findings and Questioned Costs as item 2002-1. <br />A material weakness is a condition in which the design or operation of one or more of the internal con- <br />trol components does not reduce to a relatively low level the risk that noncompliance with the applicable <br />requirements of laws, regulations, contracts and grants that would be material in relation to a major federaN <br />program being audited may occur and not be detected within a timely period by employees in the normaN <br />course of performing their assigned functions. Our consideration of the internal control over compliance would <br />not necessarily disclose all matters in the internal control that might be reportable conditions, and accordingly;, <br />would not necessarily disclose all reportable conditions that are considered to be material weaknesses. How•• <br />ever, we believe none of the reportable conditions described above is a material weakness. <br />This report is intended solely for the information and use of the City's management and federal award-~ <br />ing agencies and pass-through entities and is not intended to be and should not be used by anyone otherthan~ <br />these specified parties. In accordance with Indiana Code 5-11-5-1, this report is a part of the public records of <br />the State Board of Accounts and of the office examined. <br />STATE BOARD OF ACCOUNTS <br />April 29, 2003 <br />149 <br />