tailieunhanh - Office of the State Treasurer Financial Audit Fiscal Year 1998 Statewide Audit March 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesotac_part1

Văn phòng Kiểm toán Nhà nước Thủ quỹ tài chính năm tài chính 1998 toàn tiểu bang kiểm toán Ngày phát hành: ngày 12 tháng 3 năm 1999 Bối cảnh Thủ quỹ Nhà nước là một sĩ quan hiến pháp bởi các công dân của Minnesota bầu cho một nhiệm kỳ bốn năm. Michael A. McGrath từng là Thủ quỹ Nhà nước từ tháng 1 năm 1987 cho đến tháng 1 năm 1999. | Office of the State Treasurer Financial Audit Fiscal Year 1998 Statewide Audit March 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesota 99-16 Centennial Office Building Saint Paul MN 55155 651 296-4708 SUMMARY State of Minnesota Office of the Legislative Auditor 1st Floor Centennial Building 658 Cedar Street St. Paul MN 55155 651 296-1727 FAX 651 296-4712 TDD Relay 1-800-627-3529 email auditor@ URL http Office of the State Treasurer Financial Audit Fiscal Year 1998 Statewide Audit Public Release Date March 12 1999 No. 99-16 Background The State Treasurer is a constitutional officer elected by the citizens of Minnesota to a four-year term. Michael A. McGrath served as State Treasurer from January 1987 until January 1999. On January 4 1999 Carol Johnson was sworn in as the new State Treasurer. During the November 1998 elections the voters of Minnesota approved a constitutional amendment abolishing the Office of the State Treasurer effective at the conclusion of Carol Johnson s current four-year term. The Office of the State Treasurer provides banking services for most state agencies. This function includes cash control receipt processing and warrant redemption. In addition the office makes debt service payments on outstanding general obligation bonds and collects various fees and assessments transmitted from the 87 counties. The State Treasurer also serves as a member of the State Board of Investment the Minnesota State Retirement System Board and the Executive Council. Selected Audit Areas and Conclusions Our work in the Office of the State Treasurer is completed as part of our annual Statewide Audit. Our audit scope focused on those areas material to the State of Minnesota s financial statements including state depository cash control and debt service expenditures. In addition we expanded our audit scope beyond Statewide Audit objectives to review the Office of the State Treasurer s revenue .