|Financial Audit Division Report 04-38||Released September 17, 2004|
Selected Audit Areas:
MTI is a public, nonprofit corporation established to assist Minnesota companies to become more competitive through the application and development of technology. MTI operates under the provisions of Minn. Stat. Chapter 1160. MTI receives direction from a 7-member board. Fiscal year 2003 expenditures totaled $7,852,368. The Legislature appropriated $3 million in transition funding for fiscal year 2004, but did not provide base funding for any future year.