Key Finding and Recommendations:
This management letter addresses an internal control weakness we found during our annual audit of the State Agricultural Society. The State Agricultural Society operates Minnesota's annual state fair and maintains the state fairgrounds. The society earned about $23 million in operating revenues during fiscal year 1999 and had total assets of almost $27 million on October 31, 1999. The society's response to our recommendations is included in the report.
Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155