|Financial Audit Division Report 08-11||Released March 28, 2008|
The Department of Employment and Economic Development generally complied with and had controls to ensure compliance with provisions of laws, regulations, contracts, and grants applicable to the major federal programs we audited for fiscal year 2007. However, the department had the following weaknesses:Findings:
Programs material to the State of Minnesota’s financial statements and federal program compliance for fiscal year 2007:
1A cluster of programs is a group of closely related programs that have similar compliance requirements and are treated as a single program.
In fiscal year 2007, the Department of Employment and Economic Development recorded unemployment insurance tax revenues totaling $890 million and paid benefits totaling $736 million. The department also managed federal programs totaling approximately $199 million.