|Financial Audit Division Report 07-18||Released July 18, 2007|
We concluded that the commission’s financial statements for the year ended December 31, 2006, were fairly presented, in all material respects, in accordance with generally accepted accounting principles, and the commission’s internal controls over financial reporting were adequate.
The Metropolitan Sports Facilities Commission is comprised of six commissioners appointed by the Minneapolis City Council and a chair appointed by the Governor. The commission operates the Hubert H. Humphrey Metrodome sports stadium, which was originally constructed in 1982. The commission earned approximately $50 million in revenue and spent $54 million on operations during fiscal year 2006.