2017 Racing Commission

Report Highlights

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.

 Financial: 

• 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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