The Minnesota State Colleges and Universities Statewide Audit Fiscal Year Ended June 30, 1998 March 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesota_part1

Thông tin nền Minnesota Cao đẳng Địa điểm: Nhà nước và các trường Đại học (MnSCU) hệ thống bắt đầu hoạt động từ ngày 1 Tháng Bảy 1995. MnSCU mới hệ thống kết hợp các hệ thống trường đại học nhà nước trước đây và hệ thống đại học cộng đồng trước đây với các trường cao đẳng kỹ thuật đã được các cơ quan chính quyền địa phương trước khi sáp nhập. | Minnesota State Colleges and Universities Statewide Audit Fiscal Year Ended June 30 1998 March 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesota 99-19 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 Minnesota State Colleges and Universities Statewide Audit - Selected Audit Areas Fiscal Year Ended June 30 1998 Public Release Date March 12 1999 No. 99-19 Background Information The Minnesota State Colleges and Universities MnSCU system began operations on July 1 1995. The new MnSCU system combined the former state university system and the former community college system with the technical colleges which had been local government entities prior to the merger. A 15-member board of trustees appointed by the Governor oversees the activities of MnSCU. Morris J. Anderson is the chancellor of the MnSCU system. Audit Objectives Our primary audit objective was to render an opinion on the State of Minnesota s financial statements. Our audit scope was limited to those MnSCU activities material to the state s general purpose financial statements for the year ended June 30 1998. Another audit objective was to determine compliance with federal requirements. Conclusions We qualified our report dated December 1 1998 on the State of Minnesota s general purpose financial statements because sufficient audit evidence did not exist to support Minnesota s disclosures with respect to the year 2000. Auditing the state s and MnSCU s year 2000 compliance efforts was not an objective of this audit. As a result we do not provide assurance that MnSCU is or will be year 2000 ready that its year 2000 remediation efforts will be successful in whole or in part or that parties with which MnSCU does business will be .