Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
State Board of Investment

Financial Audit

For the Year Ended June 30, 1993;

 

Public Release Date: May 26, 1994 No. 94-25

Objectives

  • Examine the Board's Financial Statements

  • Evaluate Internal Control Structure: Investment purchases and sales, investment custody and valuation, investment income collection and allocation, and management fee payments and reimbursements.

  • Test Compliance with certain Finance-Related Legal Provisions.

Conclusions

We issued an unqualified opinion on the board's financial statements.

We found the internal control structure to be effective.

We found no departures from finance-related legal provisions.

 

Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155