Office of the Legislative Auditor - Financial Audit Division

Report Summary

Metropolitan Sports Facilities Commission

For the Year Ended December 31, 2001

Key Audit Conclusions:

• The financial statements of the Metropolitan Sports Facilities Commission for the year ended December 31, 2001, were fairly presented, in all material respects, in accordance with generally accepted accounting principles.
• We did not identify any instances of noncompliance with legal provisions that could have significantly affected the commission's financial statements.
• We did not report any written findings or recommendations to the commission for improving internal controls over financial reporting.

Background:

The Metropolitan Sports Facilities Commission operates the Hubert H. Humphrey Metrodome. The commission earned almost $33.3 million in operating revenues during 2001 and had total assets of about $65 million on December 31, 2001.