Improvements could include rotating gate security employees, spot-checking beer vendors' vehicles entering the grounds and leaving the grounds at the end of the annual State Fair, and limiting hard alcohol deliveries to authorized distributors. The role of the internal auditors could be enhanced. Specifically, written inventory procedures need to be developed. Additionally, the internal auditors should be the close out point for all vendors. In the past, the Fair has had substantial financial and accounting issues.
Progress is evident.
The Fair has focused attention on improving fiscal operations and is in the process of installing a new accounting system. The budget process could be refined to provide Board members with better information on which to make critical decisions. Several improvements could be made to make the Annual Report more useful. The Fair should present all financial activity in the Annual Report, include footnotes to financial statements, and develop controls over the review process to ensure the accuracy of the information presented. The reporting of Fair transactions could be improved.