|Financial Audit Division Report 07-22||Released August 30, 2007|
Except for payroll expenditures, the Department of Revenue’s internal controls provided reasonable assurance that it accurately recorded financial activity in the state’s accounting system. The department generally complied with the finance-related legal requirements we tested, but the department should improve its compliance with requirements related to employee travel, protection of not public data, and contracting for professional/technical services.This report contains eight findings relating to internal control and legal compliance.
The Department of Revenue administers Minnesota’s revenue system, which manages 28 state taxes (including individual income, sales, corporate franchise, petroleum, environmental, gambling, cigarette/tobacco, alcohol, insurance, and health care provider taxes) and property taxes collected by local government. The department collected about $15.5 billion in state taxes for fiscal year 2006 and oversaw the uniform application of the property tax laws.