Overall Audit Conclusion:
The Office of the State Auditor (OSA) appropriately managed its financial operations and ensured that its revenues and expenditures were accurately accounted for and in compliance with applicable legal requirements. The OSA spent its state appropriation within its appropriation authority.
Our audit scope included a review of the OSA's appropriation, audit practice revenue, personnel services, and administrative expenditures for the period from January 1, 1999, through December 31, 2000.
The OSA was established by Article V of the State Constitution and operates under Minnesota Statute Chapter 6. Minnesota voters elect the State Auditor to a four-year term. Judith Dutcher has served as State Auditor since January 1995 and is currently in her second term. The mission of the OSA is to help ensure financial integrity, accountability, and cost-effectiveness in over 4,300 governmental entities throughout the state. The State Auditor also serves on the State's Executive Council, State Board of Investment, Land Exchange Board, State Housing Finance Agency Board, Rural Finance Administration Board, the Public Employees Retirement Association Board, and the Board of Government Innovation and Cooperation.
The OSA receives support for its operations in the form of state appropriations. Minn. Stat. Section 6.58 requires the OSA to bill audit clients for the costs of audits and examinations at a rate sufficient to cover the cost of its audits. The audit practice receipts collected from clients are deposited as nondedicated receipts.