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OAR 162-10-0230 Internal Control <br /> <br />In planning and performing our audit, we considered the Urban Renewal Agency’s internal control over <br />financial reporting as a basis for designing our auditing procedures for the purpose of expressing our <br />opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness <br />of the Urban Renewal Agency’s internal control over financial reporting. Accordingly, we do not express <br />an opinion on the effectiveness of the Urban Renewal Agency internal control over financial reporting. <br /> <br />A deficiency in internal control exists when the design or operation of a control does not allow <br />management or employees, in the normal course of performing their assigned functions, to prevent, or <br />detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination <br />of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement <br />of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A <br />significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe <br />than a material weakness, yet important enough to merit attention by those charged with governance. <br /> <br />Our consideration of internal control over financial reporting was for the limited purpose described in the <br />first paragraph of this section and was not designed to identify all deficiencies in internal control over <br />financial reporting that might be deficiencies, significant deficiencies, or material weaknesses. We did not <br />identify any deficiencies in internal control over financial reporting that we consider to be material <br />weaknesses, as defined above. <br /> <br />This report is intended solely for the information and use of the Honorable Mayor, members of the Urban <br />Renewal Agency Board, the Administrator and management of the Urban Renewal Agency of the City of <br />Eugene, Oregon and the Secretary of State, Audits Division, of the State of Oregon and is not intended to <br />be and should not be used by anyone other than those specified parties. <br /> <br /> <br />ISLER CPA <br /> <br /> <br />By: Gary Iskra, CPA, a member of the firm <br /> <br />Eugene, Oregon <br />November 30, 2018 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />46 <br />December 10, 2018, Meeting - Item 3