The Office of the Chancellor's budgetary controls provided reasonable assurance that it operated within available resources. Except as noted below, the office's internal controls provided reasonable assurance that assets were safeguarded and financial activities were properly recorded in the accounting system. In addition, the office complied with applicable legal provisions for the items tested.
The Minnesota State Colleges and Universities (MnSCU) is comprised of the 34 state universities, community colleges, and technical colleges and the Office of the Chancellor. Minn. Stat. Section 136F assigns the powers necessary to govern the state colleges and universities to the MnSCU Board of Trustees. The office employs staff to provide support to all colleges and universities within the system. James H. McCormick began his term as chancellor in July 2001.
The Office of the Chancellor is part of the Minnesota State Colleges and Universities (MnSCU) system. This audit report focused on financial management, payroll expenditures, consultant contract and capital outlay expenditures, and other administrative expenditures for the period July 1, 1998, through June 30, 2001.