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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, 1994


Public Release Date: March 17, 1995 No. 95-07


Examine the board's financial statements.

Review 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.


Office of the Legislative Auditor, Room 140, 658 Cedar St., St. Paul, MN 55155 : or 651‑296‑4708