|Financial Audit Division Report 10-26
|Released August 12, 2010
The Minnesota State Arts Board generally had adequate internal controls to ensure that it safeguarded its financial resources, accurately paid grantees in accordance with management authorizations, complied with finance-related legal provisions, and produced reliable financial data. For the items tested, the board generally complied with finance-related legal requirements. However, the board had not adequately assessed its internal control structure and needs to clarify finance-related legal requirements for its Arts and Cultural Heritage Fund grants. The board resolved three prior audit findings.
|July 1, 2007, through April 30, 2010