Office of the Legislative Auditor - Financial Audit Division

Report Summary
Office of the State Treasurer

Financial Audit

For the Year Ended June 30, 1994

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.