Laserfiche WebLink
Honorable Mayor and <br /> Members of the City Council <br />City of Little Canada <br />Page 2 <br /> <br />SCHEDULE OF FINDINGS AND RESPONSES <br /> <br />2018-001 <br /> <br />Type of Finding: Minnesota Legal Compliance Finding <br /> <br />Criteria: Minnesota Statute §345.38, requires that any unclaimed property held for more than three <br />years be reported and delivered to the state. <br /> <br />Condition/Context: We noted that the City had one check on the outstanding checks listing which <br />were greater than three years old and had not been properly turned over to the state. <br /> <br />Effect: The City did not properly remit old, outstanding checks to the state and was not in compliance <br />with statutes governing unclaimed property. <br /> <br />Cause: The failure to remit the check was an oversight by City management as in the past all <br />unclaimed property has been properly and timely remitted. <br /> <br />Recommendation: We recommend the City review its procedures to ensure that all unclaimed <br />property is remitted per state statutes. <br /> <br />Views of Management: Management agrees with the finding and recommendation and will implement <br />changes to ensure all unclaimed property is properly remitted to the state.