|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|