Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Public Utilities Commission

 

Financial Audit Division Report 06-19 Released July 14, 2006

Overall Conclusion:

In general, the commission accurately recorded its revenues and expenditures in the state’s accounting system and adequately safeguarded its fine and assessment revenues. However, we identified several concerns that need to be addressed by the commission.

Key Findings:

  • The commission did not resolve a prior audit finding regarding the excess accumulation of funds in the Telephone Assistance Plan.  The program’s fund balance has grown to over $4 million.
  • The commission needs to improve oversight of Telephone Assistance Plan eligibility determinations and ensure the accuracy of related revenues and expenditures.
  • Three commission employees violated the state’s frequent flyer statutory provisions. 
The report contained four findings related to internal control and legal compliance. The findings include one prior audit finding.
  

Audit Scope:

Audit Period:
July 1, 2002, through June 30, 2005

Programs Audited:
  • Fines and Assessments
  • Administrative Expenditures
  • Telephone Assistance Plan Revenues and Expenditures

Agency Background:

The Public Utilities Commission is a regulatory agency with jurisdiction over electric, natural gas, and telecommunications utilities in Minnesota. Revenues and expenditures totaled $6.1 million and $5.6 million, respectively, for fiscal year 2005.

More Information

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