|Public Release Date: March 17, 1995||No. 95-07|
Examine the board's financial statements.
Review 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.
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