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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Financial Audit Division

Report Summary
Teachers Retirement Association

Financial Audit

For the Year Ended June 30, 1993

 

Public Release Date: January 21, 1994 No. 94-03

Objectives

Examine the Association's financial statements.

Evaluate internal control structure: Employee and employer contributions, annuity payments, and refunds of contributions.

Test compliance with certain finance-related legal provisions.

Conclusions

We issued an unqualified opinion on the association's financial statements.

We found the internal control structure to be effective.

We found no departures from finance-related legal provisions.