Overall Conclusions: - The Minnesota Veterans Home - Minneapolis operated within available resources, accurately recorded its finances in the state’s accounting system, and generally complied with applicable laws. However, we had concerns about the home’s administration of its cash collections, in-house accounting systems, and checkbook containing a portion of the residents’ personal funds.
Key Findings:
- The home did not adequately secure its cash collections.
- The home did not reconcile two of its in-house accounting systems to the state’s main accounting system.
- The home’s payroll staff did not verify that supervisors approved employee timesheets before processing the payroll.
- The home did not adequately manage the checking account containing a portion of the residents’ personal funds.
| This audit report contained eight audit findings relating to internal control and legal compliance. Four of those findings were included in our prior audit report. |
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| Audit Scope:
Audit Period:
Fiscal Years 2002 – 2004
Selected Audit Areas:
- Cost of Care Receipts
- Payroll Expenditures
- Resident Trust Accounts
- Other Administrative Expenditures
Agency Background:
The Minnesota Veterans Home – Minneapolis is one of five veterans homes operated by the Minnesota Veterans Homes Board of Trustees. In addition to a state appropriation and per diems received from the U.S. Department of Veteran Affairs, the home received room and board fees from its residents. Over the three-year audit period, the home’s total revenue averaged $16.6 million.
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