|Financial Audit Division Report 10-24
|Released July 1, 2010
The Department of Management and Budget’s internal controls over banking disbursements and vendor arrangements were generally adequate to ensure that the department prevented unauthorized payments from the state’s bank accounts, safeguarded state warrants, accurately paid the state’s vendors, protected not public vendor data (including bank account information), and acted in accordance with management’s authorization.
For the items tested, the Department of Management and Budget generally complied with the significant legal-related requirements.
However, the department did not adequately manage the vendor files within the state’s accounting system and had other control weaknesses. The following Findings and Recommendations provide further explanation about these control weaknesses.
|Fiscal Year 2010
We audited the department’s controls, including the state treasury’s controls, over the electronic payments made through the state’s accounting and payroll systems, the warrants issued from these two systems, and the vendor files maintained in the accounting system.