Montana Arts Council financial-compliance audit for the two fiscal years ended .. PDF
Preview Montana Arts Council financial-compliance audit for the two fiscal years ended ..
Legislative Audit Division State ofMontana Report to the Legislature Financial-Compliance Audit March 2004 For the Two Fiscal Years Ended June 30, 2003 Montana Arts Council This report contains an unqualified opinion and one recommendation relatingto noncompliancewith section 2-18-703(2), MCA. STATE DOCUMENTS COLLE Direct comments/inquiries to: MONT1A5N15A r: E Legislative Audit Division Room 160, State Capitol PO Box 201705 MT 03-23 Helena 59620-1705 Help eliminatefraud,waste, and abuse in state government. Call the Fraud Hotline at 1-800-222-4446 statewide or444-4446 in Helena. MONTANASTATELIBRARY 3 0864 1002 2305 9 FINANCIAL-COMPLIANCE AUDITS Financial-compliance audits are conducted bythe LegislativeAudit Divisionto determine ifan agency's financial operations areproperlyconducted, the financial reports arepresented fairly, andthe agencyhas complied with applicable laws and regulations. Inperformingthe audit work, the audit staffuses standards set forthbythe American InstituteofCertified Public Accountants and the United States General Accounting Office. Financial-compliance audit staffmembers hold degrees withanemphasis in accounting. Most staffmembers hold Certified Public Accountant (CPA) certificates. OMB Government Auditing Standards, the Single Audit Act Amendments of1996 and CircularA-133 requirethe auditorto issuecertain financial, internal control, and compliancereports. This individual agency audit report is not intended to complywith these reporting requirements and is therefore not intended fordistributionto federal grantoragencies. The Legislative Audit Division issues a statewide biennial SingleAudit Report which complies withthe above reporting requirements. The Single Audit Report forthetwo fiscal years endedJune 30, 2003, will be issued by March 31, 2004. The Single Audit Report forthe two fiscal years endedJune 30, 2001, was issued onMarch26, 2002. Copies ofthe Single Audit Report canbe obtained bycontacting: Single Audit Coordinator Legislative Audit Division Office ofBudget and ProgramPlanning Room 160, State Capitol State Capitol PO Box 201705 MT MT Helena 59620 Helena 59620-1705 Phone (406) 444-3616 MEMBERS OF THE LEGISLATIVE AUDIT COMMITTEE LEGISLATIVE AUDIT DIVISION Scott A. Seacat, Legislative Auditor Deputy Legislative Auditors: John W. Northey, Legal Counsel Jim Pellegrini, Performance Audit & Tori Hunthausen, IS Audit Operations James Gillett, Financial-Compliance Audit March 2004 The Legislative Audit Committee ofthe Montana State Legislature: This is our financial-compliance audit report on the Montana Arts Council fortwo fiscal years ended June 30, 2003. The report contains one recommendation where the council could enhance compliance with state law. The council's writtenresponseto the audit is included inthe back ofthe report. We thank the Executive Directorand stafffortheir cooperation and assistance throughout the audit. Respectfully submitted, *-A- Scott A. Seacat Legislative Auditor Room 160, StateCapitol BuildingPO Box 201705 Helena, MT 59620-1705 Phone(406)444-3122 FAX (406)444-9784 E-Mail [email protected] Digitized by the Internet Archive in 2010 with funding from Montana State Library http://www.archive.org/details/montanaartscounc2004mont Legislative Audit Division Financial-Compliance Audit For the Two Fiscal Years Ended June 30, 2003 Montana Arts Council Members ofthe audit staffinvolved in this audit were Danielle Gamradt, Brenda Kedish, Amber Long, and Paul O'Loughlin. Table of Contents Appointed and Administrative Officials ii Report Summary S-l Introduction 1 Introduction 1 Background 1 Prior Audit Recommendations 2 Findings and Recommendations 3 Noncompliance with State Law 3 Independent Auditor's Report & Council Financial Schedules A-l Independent Auditor's Report A-3 Schedule ofChanges in Fund Balances & Property Held in Trust forthe Fiscal Year Ended June 30, 2003 A-5 Schedule ofChanges in Fund Balances & Property Held in Trust forthe Fiscal Year Ended June 30, 2002 A-6 Schedule ofTotal Revenues & Transfers-In Forthe Fiscal Year Ended June 30, 2003 A-7 Schedule ofTotal Revenues & Transfers-In Forthe Fiscal Year EndedJune 30, 2002 A-8 Schedule ofTotal Expenditures & Transfers-Out Forthe Fiscal Year EndedJune 30, 2003 A-9 Schedule ofTotal Expenditures & Transfers-Out Forthe Fiscal Year Ended June 30, 2002 A-10 Notes to the Financial Schedules A-l 1 Council Response B-l Montana Arts Council B-3 Page Appointed and Administrative Officials Montana Arts Council Administrative Officials Report Summary This audit report is the result ofour financial-compliance Introduction audit ofthe Montana Arts Council forthetwo fiscal years endedJune 30, 2003. Therecommendation inthis report is related to noncompliancewith section2-18-703(2), MCA. We issued an unqualified opinion onthe financial schedules contained in this report. The readermayrely onthe financial informationpresented inthe financial schedules and the supporting data on the state's accounting system. The listingbelow summarizes therecommendation contained inthe report, indicates wherethe issue is presented inthe report, and provides a reference to the council's response. Recommendation#1 We recommendthe council paythe group benefit contribution forpermanentpart-time employees in accordance with state law Council response Concur. See page B-3. : Page S-l
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