Checklist-based audit of the draft article vs. transcript and rules.

External auditors issued unmodified opinions on the systemwide financial statements and revenue fund but reported a material weakness tied to untimely cash reconciliations during Workday implementation. Single‑audit testing for federal student aid remains delayed by the OMB compliance supplement; preliminary federal findings include NSLDS reporting, Tier‑1 IP reporting and one unreported ghost student case.

The Office of Legislative Auditor told a finance subcommittee that Minnesota paid about $367 million in overtime and $37 million in shift bonuses from July 202212/2024, found seven findings across five agencies and identified $6.6 million in DHS shift bonuses paid after a programs expiration; agencies said they accept the findings and will recoup overpayments and strengthen controls.

The Audit and Compliance Committee reviewed its 2025 6 work plan, confirmed the annual financial-statement sign-off schedule (Oct. 29) and noted a planned closed session on information security for the December meeting.

Chief Auditor Galswyck told the Audit and Compliance Committee that only 15% of open high-risk audit items were remediated in the most recent period, several items remain open more than two years, and employee leaves could delay parts of the FY26 audit plan.