Financial Audit Division Report 06-09 | Released March 9, 2006 |
Key Findings:
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Audit Scope:
Programs material to the State of Minnesota’s financial statements and to federal program compliance for fiscal year 2005. Selected Audit Areas:
Background: The Department of Employment and Economic Development (DEED) recorded unemployment insurance revenues totaling $928 million and paid benefits of $678 million for fiscal year 2005. As of June 30, 2005, the department owed $82 million to the federal government.
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