Office of the Legislative Auditor - Financial Audit Division

Report Summary

Financial-Related Audit Report

Minnesota State University Moorhead

July 1, 1996, through December 31, 1999

Minnesota State University Moorhead operated within available financial resources. Except as noted below, the university operated in compliance with applicable legal provisions and its internal controls provided reasonable assurance that assets were safeguarded and financial activities were properly recorded.

Key Findings:

• The university did not adequately restrict certain employee computer access privileges. (Finding 1, page 7)
• The university did not have a systematic process to determine the total cost of bookstore operations. (Finding 2, page 8)
• The university did not write off old uncollectible account balances. (Finding 3, page 12)

Agency Response:

It its response, Minnesota State University Moorhead agreed with the report's findings and is taking corrective action to resolve the issues.