- The Department of Employment and Economic Development (DEED) needs to
improve scrutiny of changes in employer accounts and detailed wage data,
and the related impact on unemployment insurance experience ratings and
- Unemployment insurance data integrity controls require improvement
to ensure the accuracy of employer tax rate calculations.
- DEED did not accurately identify and report expenditures for three federal programs.
| The audit report contained 4 audit findings relating to internal
control or legal compliance. The department resolved three findings
included in our prior report.
to the State of Minnesota’s financial statements
and to federal program compliance for fiscal year 2004.
Selected Audit Areas:
- Unemployment Insurance Fund
- Federal programs, including:
- Unemployment Insurance Administration
- Employment Services Cluster
- Workforce Investment Act Cluster
- Vocation Rehabilitation
- Social Security Disability Income
The Department of Employment and Economic Development recorded unemployment insurance
revenues totaling $939 million and benefits of $919 million for fiscal year 2004.
As of June 30, 2004, the department had a $271 million loan from the federal