|Financial Audit Division Report 06-12||Released March 16, 2006|
Programs material to the State of Minnesota’s financial statements and to federal program compliance for fiscal year 2005.Selected Audit Areas:
The Department of Transportation maintains over $6.7 billion in state highway infrastructure and right of way assets. During the fiscal year ended June 30, 2005, expenditures for infrastructure and right of way were $466 million and $98 million, respectively. These costs are funded in part by federal grant funds.