|Public Release Date: March 9, 1994||No. 94-05|
Examine the system's financial statements.
Evaluate internal control structure: Employer and employee contributions, defined benefit annuities, and defined contribution and deferred compensation refunds and withdrawals.
Test compliance with certain finance-related legal provisions.
We issued an unqualified opinion on the financial statements which were published in the system's annual report for fiscal year 1993.
We found the internal control structure to be effective.
We found one area where the system had not complied with finance-related legal provisions:
Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155