Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Minnesota State Arts Board

Selected Scope Financial Audit

For the Three Years Ended June 30, 1993;

 

Public Release Date: July 29, 1994 No. 94-37

Objectives

Evaluate internal control structure: Grants and aids, administrative expenses, federal grant revenue and other revenue.

Test compliance with certain finance-related legal provisions.

Conclusions

We found one area where the internal control structure needed improvement:

  • The board made errors in paying some invoices, did not properly document some payments, and did not adequately segregate purchasing functions.

We found four areas of noncompliance with finance-related legal provisions:

  • The board incurred expenses to influence legislative action.
  • The board's relationship with the Minnesota Arts Communicators, a professional organization, is unclear. It is unclear whether Minnesota Arts Communicators is a separate organization or a board project.
  • The board incorrectly deposits mail receipts, refunds, and reimbursements to its gift account.
  • Prior finding not resolved: the board maintains excessive cash balances in its federal accounts.

 

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