Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Board of Boxing

Financial Audit

For the Three Years Ended June 30, 1994;

 

Public Release Date: July 28, 1995 No. 95-34

Agency Background

The Board of Boxing (board), established pursuant to Minn. Stat. Chapter 341, is responsible for governing the conduct of boxing and providing the safety of boxing in Minnesota. The board consists of seven members. The Governor appoints two public members and five nonpublic members. Board members serve a four-year term. The board appoints an executive secretary who is its chief administrative officer. The executive secretary is responsible for directing the board's professional staff in accordance with its policies. Mr. James O'Hara is the current executive secretary of the board.

The board received annual state appropriations of approximately $63,000 per year during the audit period. The board is not required to set license fees to recover its direct and indirect operating costs. The board deposits its receipts into the state treasury.

Audited Areas and Conclusions

Our audit scope included employee payroll, administrative expenditures, and license revenue for the period July 1, 1991, through June 30, 1994.

We concluded that the board charged the approved fees for licenses. However, the board needs to improve its control structure over receipts and franchise licenses. The board needs to adequately segregate the receipt duties and revise its numbering system for franchise licenses.

We also found that the board spent its state appropriations within appropriation limits and statutory authority. Payroll, rent, and travel expenditures were reasonable and in compliance with laws and regulations.

 

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