2017 Minot State University

Medium
Agency: Minot State University Report Date: March 12, 2018
Type: Operational LAFRC Date: June 27, 2018
Issued By: State Auditor Period Ending: June 30, 2017

 

 

 

 

 

Minot State University Report Highlights

 

Bookstore:

In March 2012, Minot State University entered into a contract with Barnes and Noble to operate and provide services for the bookstore at Minot State University.  Barnes and Noble pays a commission of 11.5% of all gross sales to Minot State University on a quarterly basis.

 

Objective: Is Minot State University ensuring compliance with the Barnes and Noble contract provisions?

 

  • We did not note any deficiencies that are required to be brought to the attention of those charged with governance.

 

Dining Services:

In May 2010, Minot State University entered into a contract with Sodexo to manage and operate the food service at Minot State University for students, faculty, staff, employees, visitors and guests.  Sodexo pays Minot State University 10% of net sales for each accounting period.   

 

Objective:  Is Minot State University ensuring compliance with the Sodexo contract provisions?

 

  • We did not note any deficiencies that are required to be brought to the attention of those charged with governance.
     

Financials, Legislative Intent, and Internal Control

We evaluated and tested high risk areas of internal control, and legislative intent.  We did not note any deficiencies that are required to be brought to the attention of those charged with governance.

 

 

  

Source:  ConnectND Financials

 

[pdf] Download Report