|Financial Audit Division Report 11-28||Released December 1, 2011|
The resident accounting records at the Minnesota Veterans Home in Minneapolis showed evidence of possible financial wrongdoing. For the period from January 2010 through June 2011, approximately $6,800 of documented receipts from 20 residents did not trace to bank deposits or resident accounting records. In addition, the home’s resident accounting records showed delays in recording approximately $16,500 of resident receipts, which could be an indication of fraud.
The Minnesota Veterans Home in Minneapolis did not have adequate internal controls to ensure that it safeguarded resident funds and accurately recorded resident account financial activity in its accounting records.
Our special review of the cashiering function and resident receipt activity at the Minnesota Veterans Home in Minneapolis covered the period from January 2010 through June 2011 and included internal controls over receipts for residents’ accounts. During the period from January 2010 through June 2011, the home recorded approximately $10.5 million as received on behalf of its residents. This was not a complete review of all financial activities at the Minnesota Veterans Home in Minneapolis.