2016 Trust Assets and Department Resources

Medium
Agency: Department of Trust Lands Report Date: March 18, 2016
Type: Performance LAFRC Date: October 13, 2016
Issued By: State Auditor Period: June 1, 2015 - March 31, 2016

 

 

 

 

[pdf] Download Report

 

Executive Summary

 

Purpose Determine whether the Department of Trust Lands is obtaining, accounting for, and using resources efficiently and effectively

 

Audit Conclusion We determined the Department was not obtaining, accounting for, and using certain resources efficiently and effectively.

 

Audit Recommendations Our audit resulted in 29 formal recommendations related to the audit objective. The Department agreed with 22 of the 29 recommendations. The recommendations and management agreement/disagreement are identified in the Appendix A of the report. There are 9 Offices of the State Auditor concluding remarks in this report.

 

Background The Board of University and School Lands (Land Board) has control of various grant and acquired lands, the minerals under sovereign lands (navigable river/lakes), and other statutory funds. The Department of Trust Lands (Department) is responsible for the supervision of trusts and assets under the control of the Land Board.

 

Findings

  • Surface and Mineral Areas - 11 Recommendations
  • Financial Areas - 6 Recommendations
  • Human Resource Areas -  7 Recommendations
  • Additional Areas Needing Improvement - 5 Recommendations

2018 Follow-Up 

Agency: Department of Trust Lands Report Date: May 25, 2018
Type: Performance Follow-Up LAFRC Date: June 27, 2018
Issued By: State Auditor Period: January 30 - May 25, 2018

 

 

 

 

 

The Office of the State Auditor conducted audit follow-ups from January 30, 2018 through May 25, 2018 on the performance audits of the Department of Trust Lands entitled:


• Unclaimed Property (report #3036(b) dated January 5, 2016)
• Trust Assets and Department Resources (report #3036(c) dated March 18, 2016)


No audit follow-up was conducted on the performance audit of the Department of Trust Lands entitled Energy Infrastructure and Impact Office (report #3036(a) dated November 6, 2015) since the only moneys appropriated to the program for the 2017-2019 biennium were earmarked by the Legislature for specific projects.

 

[pdf] Download Report