|Financial Audit Division Report 12-22||Released November 1, 2012|
The internal controls over Petroleum Tank Release Cleanup Fund (the fund) expenditures by the Department of Commerce, the Department of Employment and Economic Development, and the Pollution Control Agency were generally adequate to ensure that they safeguarded the fund’s financial resources, accurately paid claimants and remediation costs in accordance with management’s authorization, complied with finance-related legal requirements contained in statutes, laws, rules, and agency policies, and created reliable financial data. For the items tested, the agencies generally complied with significant finance-related legal requirements.
However, the Department of Employment and Economic Development had some internal control weaknesses and instances of noncompliance, as discussed in the report’s finding.
||July 1, 2008 through March 31, 2012|
Petroleum Tank Release Cleanup Fund: