North Dakota Legislative Audit and Review Committee on May 12, 2010

NORTH DAKOTA LEGISLATIVE MANAGEMENT
Tentative Agenda
LEGISLATIVE AUDIT AND FISCAL REVIEW COMMITTEE
Wednesday, May 12, 2010
Roughrider Room, State Capitol
Bismarck, North Dakota
9:00 a.m. Call to order
Roll call
Consideration of the minutes from the February 10, 2010, meeting
PRESENTATION OF REPORTS
9:05 a.m. Presentations by the Legislative Council staff of memorandums regarding:
• The state's liability for debt of a board, commission, or commodity group
• Commodity group assessments, fund balances, and estimated expenditures -
Commodity groups
9:25 a.m. Presentation by a representative of the State Auditor's office of the internal control and
compliance report on the audit of the general purpose financial statements included in
the June 30, 2009, annual financial report for the North Dakota University System and
state of North Dakota Comprehensive Annual Financial Report
9:45 a.m. Presentation by a representative of the North Dakota University System office of the
annual financial report for the North Dakota University System for the fiscal year ended
June 30, 2009, including reasons for significant audit adjustments included in the report
and the University System's plans to prevent future adjustments
10:00 a.m. Presentation by a representative of the Office of Management and Budget of the state of
North Dakota Comprehensive Annual Financial Report for the fiscal year ended June 30,
2009
10:15 a.m. Presentation by a representative of Brady, Martz & Associates PC, Certified Public
Accountants, of the following audit reports:
• Public Finance Authority (December 31, 2009 and 2008)
• Developmentally disabled facility loan fund (December 31, 2009 and 2008)
• Community water facility loan fund (December 31, 2009 and 2008)
• Beginning farmer revolving loan fund (December 31, 2009 and 2008)
• Bank of North Dakota (December 31, 2009 and 2008)
10:45 a.m. Presentation by a representative of the State Auditor's office of the following audit
reports:
• Department of Public Instruction (June 30, 2009 and 2008)
• Department of Transportation (June 30, 2009 and 2008)
• Department of Human Services (June 30, 2009 and 2008)
• Labor Department (June 30, 2009 and 2008)
• Department of Corrections and Rehabilitation (June 30, 2009 and 2008)
• Bismarck State College (June 30, 2009 and 2008)
• Dickinson State University (June 30, 2009 and 2008)
2
• Mayville State University (June 30, 2009 and 2008)
• Minot State University (June 30, 2009 and 2008)
• Minot State University - Bottineau (June 30, 2009 and 2008)
• Valley City State University (June 30, 2009 and 2008)
• Williston State College (June 30, 2009 and 2008)
12:00 noon Luncheon recess
1:00 p.m. Presentation by representatives of the Public Employees Retirement System on the
status of its retirement funds and any proposals to address the unfunded liability
1:15 p.m. Presentation by representatives of the Teachers' Fund for Retirement on the status of
the fund and any proposals to address the unfunded liability
1:30 p.m. Presentation by a representative of the State Investment Board regarding an update on
investment returns of funds invested by the board, including the status of funds in
receivership and plans for an audit of funds under its control
1:50 p.m. Presentation by a representative of the State Auditor's office of the performance audit
report of the North Dakota University System capital projects
3:15 p.m. Comments by a representative of the North Dakota University System regarding the
performance audit
3:45 p.m. Committee discussion and staff directives
4:30 p.m. Adjourn
NOTE: In accordance with the committee's policy of allowing sufficient time to consider major audits
and audit reports containing major recommendations, the following audit reports filed with the
committee have not been placed on the agenda. The following audits may be included on the agenda
for the next meeting if requested by the committee:
Board of Pharmacy (June 30, 2009 and 2008)
Board of Occupational Therapy Practice (June 30, 2009 and 2008)
Board of Counselor Examiners (June 30, 2008 and 2007)
Real Estate Commission (June 30, 2009)
Board of Chiropractic Examiners (December 31, 2009 and December 2007)
Board of Dietetic Practice (September 30, 2009 and 2008)
Board of Registration for Professional Engineers and Land Surveyors (June 30, 2009)
Board of Veterinary Medical Examiners (June 30, 2008 and 2007)
Board of Law Examiners (June 30, 2009 and 2008)
Committee Members
Senators Randel Christmann (Chairman), Joan Heckaman, Jerry Klein, Judy Lee
Representatives Rick Berg, Merle Boucher, Jeff Delzer, Patrick R. Hatlestad, RaeAnn G. Kelsch, Jerry
Kelsh, Keith Kempenich, Gary Kreidt, Louis Pinkerton, Chet Pollert, Bob Skarphol, Blair Thoreson,
Benjamin A. Vig, Lonny Winrich
Staff Contacts: Becky Keller, Senior Fiscal Analyst
Allen H. Knudson, Legislative Budget Analyst and Auditor