Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Office of the State Treasurer

Financial Audit

For the Year Ended June 30, 1994;

 

Public Release Date: April 14, 1995 No. 95-13

Objectives:

Review Internal Control Structure: State depository receipts and cash control; warrant redemption and control; investment transaction processing; debt service expenditures; county fee and fine remittances; and administrative expenditures.

Test compliance with certain finance-related legal provisions.

Conclusions:

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

  • The Office of the State Treasurer made erroneous interest payments on general obligation debt during fiscal year 1994.

We found that the Office of the State Treasurer complied with finance-related legal provisions.

 

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