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