|Agency:||Racing Commission||Report Date:||March 21, 2018|
|Type:||Operational||LAFRC Date:||June 27, 2018|
|Issued By:||State Auditor||Period Ending:||June 30, 2017|
Internal Control: We evaluated and tested high-risk areas including: revenues, expenditures (including correcting entries and purchase card transactions), safeguarding assets, and payroll.
- We did not note any deficiencies that are required to be brought to the attention of those charged with governance.
Legislative intent: We evaluated and tested high-risk areas including: the collection of bonds or letters of credit, statutory revenue rates (fees), proper use of special funds, and appropriation laws.
- We concluded there was compliance with the legislative intent.
- We did not note any significant changes to revenues or expenditures from the prior biennium.
- Fund balances have steadily increased and have enough revenue to cover expenditures.
Source: ConnectND Amounts
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