Financial Audits

DPL 2014 and 2013 Financial Audit

Summary


DPL RECEIVES QUALIFIED OPINION FOR FISCAL YEARS 2014 and 2013 AUDIT 

(The following summary is based on the independent auditor’s report prepared by Deloitte & Touche and does not constitute an audit report.  Please visit OPA’s website for the full audit report.)

The Commonwealth of the Northern Mariana Islands (CNMI), Department of Public Lands (DPL) received a qualified opinion on its financial statements from an independent auditor (Auditor) for fiscal years (FY) 2014 and 2013.  This means that DPL’s financial records for these years are fairly presented with the exception of specific issues.  The auditor was unable to verify if certain financial records, including balances owed to the CNMI by DPL, were proper.

Audit Findings

Audit findings generally occur when an auditor identifies weaknesses in an organization’s procedures that could prevent management or employees from detecting a misstatement of its financial records on a timely basis.  In addition, findings can occur when the Auditor identifies noncompliance with laws, regulations, contracts, and grant agreements, which could have an effect on financial statement amounts.  For FY 2014, the Auditor cited DPL for 3 findings which were also findings in FY 2010 through FY 2013.  The deficiencies described in these findings were considered to be material weaknesses.  A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis.

Background

According to DPL’s website, its overall responsibilities include the creation and implementation of a homesteading program, the commercial leasing and permitting of idle public lands, the settling of land claims, and designating public land parcels to other government agencies for the fulfillment of the public purpose.  DPL’s mission is as follows:

The mission of the Department of Public Lands (DPL), as trustees for public lands in the Commonwealth, is to develop and adopt a strategic land use plan that promotes cultural and economic growth for the benefit of our present and future generations. The plan provides for the efficient and effective services in the management, use, disposition and development of public lands for the economic and social betterment of the Commonwealth.

The Public Lands Act of 2006 was passed on February 22, 2006, and transferred all powers and duties of the Marianas Public Land Authority to DPL.  The act also established the DPL Operations Fund which is maintained by the Department of Finance.  All revenues received by the DPL must be deposited in the Operations Fund bank accounts, and kept separate from the General Fund and other CNMI Government Fund bank accounts.

Financial Statements and Independent Auditors' Report-View

Independent Auditors' Report on Internal Control and Compliance- View

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Last Updated 6/30/2015 3:26:18 PM