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MIMMEM <br /> MAY-2B-2003 11 : 05 CHS REGION TFREE P . 18/21 <br /> A material weakness is a condition in which the design or operation of one or more of the internal <br /> control components does not reduce to a relatively low level the risk that misstatements in amounts that <br /> would be material in relation to the financial statements being audited may occur and not be detected <br /> within a 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 do not believe <br /> that the reportable condition described above is a material weakness. However, we noted other matters <br /> involving the internal control over financial reporting that we have reported to the management of CHS, <br /> in a separate letter dated April I I , 2003. <br /> This report is intended solely for the information and use of the Board of Directors, management, federal <br /> awarding agencies, and pass-through entities and is not intended to be and should not be used by anyone <br /> other than these specified parties . <br /> April 11 , 2003 <br /> l <br /> - I4 - <br />