2017 Racing Commission

Medium
Agency: Racing Commission Report Date: March 21, 2018
Type: Operational LAFRC Date: June 27, 2018
Issued By: State Auditor Period Ending: June 30, 2017

 

 

 

 

 

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.

2017 Report Hightlight Graphic.JPG

Source: ConnectND Amounts

 

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