PUEBLO, Colo. – The Office of the State Auditor has completed its performance and financial audit of the Colorado State Fair. The report highlights three recommendations in light of a $380,000 lost for the fiscal year ending on June 30, 2011.
“Overall, we’re pleased with the results of the audit,” said Colorado State Fair General Manager, Chris Wiseman. “Every year we strive to provide educational opportunities to the half-million fans that attend the Fair, but that doesn’t always provide a high revenue stream; we are constantly working to balance our mission to support youth and agriculture with the need for a positive bottom line.”
Colorado State Fair Audit
The report outlines the results of a financial and compliance audit and evaluates progress in implementing prior audit recommendations. The audit also looked at those items recommended from the prior audit. Of those five recommendations, the first three have been implemented and the final two are ongoing. (page 10)
The Office of the State Auditor serves as the government watchdog for the citizens of Colorado. Audits focus on reducing costs, increasing efficiency, improving the quality of services, and ensuring the accuracy and integrity of financial information. Read the rest of this entry »
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