Report Summary
Minnesota State Arts Board
Selected Scope Financial Audit
For the Three Years Ended June 30, 1993
| Public Release Date: July 29, 1994 |
No. 94-37 |
Objectives
Evaluate internal control structure: Grants and aids, administrative
expenses, federal grant revenue and other revenue.
Test compliance with certain finance-related legal provisions.
Conclusions
We found one area where the internal control structure needed
improvement:
-
The board made errors in paying some invoices, did not properly
document some payments, and did not adequately segregate
purchasing functions.
We found four areas of noncompliance with finance-related legal
provisions:
-
The board incurred expenses to influence legislative action.
-
The board's relationship with the Minnesota Arts Communicators, a
professional organization, is unclear. It is unclear whether
Minnesota Arts Communicators is a separate organization or a board
project.
-
The board incorrectly deposits mail receipts, refunds, and
reimbursements to its gift account.
-
Prior finding not resolved: the board maintains excessive cash
balances in its federal accounts.
