Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Minnesota Veterans Home – Silver Bay

 

Financial Audit Division Report 06-31 Released November 21, 2006

Key Findings:

The Minnesota Veterans Home – Silver Bay (Home) did not reconcile recorded resident cost of care payments with actual receipts collected and deposited.

The Home did not pursue the collection of delinquent receivable balances from former residents.

The Home did not adequately segregate incompatible duties in the area of resident accounts.

The Home did not always promptly deposit gift receipts.

The Home did not reconcile gift receipts recorded on its internal accounting system with the state’s accounting system.

The report contained six findings related to internal control and legal compliance.
   Audit Scope:

Audit Period:
July 1, 2002, through June 30, 2006

Programs Audited:
  • Cost of Care
  • Resident Trust Accounts
  • Gift Fund Activity
  • Payroll
  • Purchasing and Administrative Expenditures

Agency Background:

The Minnesota Veterans Home – Silver Bay operates as a skilled nursing care facility for eligible veterans. The Home has a capacity of 87 residents. The Home had available operating resources of $7.7 million during fiscal year 2006 and spent $7.1 million.

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