Office of the Legislative Auditor - Financial Audit Division

Report Summary
Department of Trade and Economic Development

Programs Selected For

Fiscal Year 1994 Statewide Audit

Objectives:

Review Internal Control Structure: Revenue and expenditures for the Community Development Block Grant; revenue, expenditures, cash and investments, loans receivable, and revenue bonds payable for the Water Pollution Control Revolving Fund; and cash, investments, loans receivable, and revenue bonds payable for the Minnesota Agricultural and Economic Development Board.

Test compliance with certain finance-related legal provisions.

Conclusions:

We found the internal control structure to be effective.

We found no departures from finance-related legal provisions.