08/09/2023 - Jefferson City, MO
The Missouri
State Auditor's Office today released two audit reports on the Office of
Missouri State Treasurer. The office completed both the annual audit required
by state law, and the closeout audit that was completed to assist in the
transition for the newly-appointed treasurer. Both reports had no findings and
issued ratings of "excellent," which is the highest rating possible.
To avoid the appearance of a
conflict of interest, State Auditor Scott Fitzpatrick recused himself from
participation in both audits because he served in the role of State Treasurer
during the time period covered by both reports.
The State Auditor's Office
performs closeout audits of statewide offices to assist in transitions and
ensure that newly elected officials are aware of areas for improvement.
The annual report includes a summary of the office's
operating financial activity, cash and investment balances, and investment
income. The Missouri Constitution establishes the State Treasurer as custodian
of all state funds and funds received from the U.S. government.
The complete annual audit
report can be found here and the complete closeout
report can be found here.
