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OAR162100230InternalControl <br />Inplanningandperformingouraudit,weconsideredtheUrbanRenewal!ŭĻƓĭǤ͸ƭinternalcontrolover <br />financialreportingasabasisfordesigningourauditingproceduresforthepurposeofexpressingour <br />opiniononthefinancialstatements,butnotforthepurposeofexpressinganopinionontheeffectiveness <br />oftheUrbanRenewalAgĻƓĭǤ͸ƭinternalcontroloverfinancialreporting.Accordingly,wedonotexpress <br />anopinionontheeffectivenessoftheUrbanRenewalAgencyinternalcontroloverfinancialreporting. <br />A deficiencyininternalcontrol existswhenthedesignoroperationofacontroldoesnotallow <br />managementoremployees,inthenormalcourseofperformingtheirassignedfunctions,toprevent,or <br />detectandcorrectmisstatementsonatimelybasis.A materialweakness isadeficiency,oracombination <br />ofdeficiencies,ininternalcontrolsuchthatthereisareasonablepossibilitythatamaterialmisstatement <br />oftheĻƓƷźƷǤ͸ƭfinancialstatementswillnotbeprevented,ordetectedandcorrectedonatimelybasis.A <br />significantdeficiency isadeficiency,oracombinationofdeficiencies,ininternalcontrolthatislesssevere <br />thanamaterialweakness,yetimportantenoughtomeritattentionbythosechargedwithgovernance. <br />Ourconsiderationofinternalcontroloverfinancialreportingwasforthelimitedpurposedescribedinthe <br />firstparagraphofthissectionandwasnotdesignedtoidentifyalldeficienciesininternalcontrolover <br />financialreportingthatmightbedeficiencies,significantdeficiencies,ormaterialweaknesses.Wedidnot <br />identifyanydeficienciesininternalcontroloverfinancialreportingthatweconsidertobematerial <br />weaknesses,asdefinedabove. <br />ThisreportisintendedsolelyfortheinformationanduseoftheHonorableMayor,membersoftheUrban <br />RenewalAgencyBoard,theAdministratorandmanagementoftheUrbanRenewalAgencyoftheCityof <br />Eugene,OregonandtheSecretaryofState,AuditsDivision,oftheStateofOregonandisnotintendedto <br />beandshouldnotbeusedbyanyoneotherthanthosespecifiedparties. <br />ISLERCPA <br />By:GaryIskra,CPA,amemberofthefirm <br />Eugene,Oregon <br />November21,2016 <br /> <br />