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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Financial Audit Division

Report Summary
Minnesota Racing Commission


Financial Audit Division Report 05-51 Released September 22, 2005

Overall Conclusion:

The Minnesota Racing Commission’s internal controls were adequate, and it generally complied with material finance-related legal provisions. However, there are legal questions concerning the allocation of card club tax revenue.


  • The commission has used two different interpretations of law to distribute Breeders’ Fund monies received from the Canterbury Park Card Club.
The report contained one finding related to legal compliance. There were no audit findings in the prior report.
   Audit Scope:

Audit Period:
July 1, 2001, to June 30, 2005

Programs Audited:
  • Pari-Mutuel Tax Revenue
  • License Fee Revenue
  • Reimbursement Revenue
  • Payroll Expenditures
  • Travel and Per Diem Expenditures
  • Contract Services
  • Breeders’ Fund Activities

Agency Background:

The Minnesota Racing Commission was established in 1983. Its primary responsibilities are to regulate horse racing in Minnesota and to regulate card club activities at Canterbury Park. Historically, the commission received General Fund appropriations to pay for its operating costs. In fiscal year 2004, the commission’s funding changed to Special Revenue Fund appropriations from its license fee collections.


More Information

Office of the Legislative Auditor, Room 140, 658 Cedar St., St. Paul, MN 55155 : or 651‑296‑4708