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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Financial Audit Division

Report Summary
State Board of Investment

Financial Audit

For the Year Ended June 30, 1993


Public Release Date: May 26, 1994 No. 94-25


  • Examine the Board's Financial Statements

  • Evaluate Internal Control Structure: Investment purchases and sales, investment custody and valuation, investment income collection and allocation, and management fee payments and reimbursements.

  • Test Compliance with certain Finance-Related Legal Provisions.


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

We found the internal control structure to be effective.

We found no departures from finance-related legal provisions.