An Audit Report on the The Board of Architectural Examiners: A Self-Directed, Semi-Independent Agency
June 2003
Report Number 03-035
Overall Conclusion
The Board of Architectural Examiners' (Board) annual financial report for fiscal year 2002 understated the amount owed to the State's General Revenue Fund by $624,500. The State loaned these funds to the Board as start-up funds for the self-directed semi-independent agency pilot project. According to Senate Bill 736 (77th Legislature), this loan is to be repaid as funds are available. As of August 31, 2002, the Board had $831,000 in cash from which the State's General Revenue Fund could have been repaid.
The error described above and other errors cause the Board's annual financial
report to be materially inaccurate. In addition, the Board submitted materially
inaccurate performance data to the Legislature in a report that is also required
by the Self-Directed Semi-Independent Agency Project Act (Vernon's Texas Civil
Statutes, Article 8930 [8]). These errors were significant enough to give users
of both required reports an incorrect and incomplete understanding of the Board's
finances and performance.
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