|Financial Audit Division Report 12-20||Released October 4, 2012|
The Minnesota Historical Society’s internal controls were generally adequate to ensure that it safeguarded its state appropriated financial resources, accurately paid employees and vendors in accordance with management’s authorization, created reliable financial data, and complied with significant finance-related legal requirements, including requirements relevant to the Arts and Cultural Heritage Fund. However, the society had some control weaknesses related to contract awards for certain technical services and its outsourced payroll and human resources services.
For the items tested, the society generally complied with finance-related legal requirements, including requirements relevant to the Arts and Cultural Heritage Fund. However, the society had some instances of noncompliance in its grant activity and contract awards for certain technical services.
The society resolved the prior audit finding related to timely depositing and recording of state-owned historic sites’ admission receipts.1
||July 1, 2009, through December 31, 2011|
1 Office of the Legislative Auditor’s Financial Audit Division Report 02-25, Minnesota Historical Society, issued May 2, 2002.