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Minnesota State leaders tell Senate panel system serves 270,000 students and maintains independent audits and financial controls
Summary
Board and system leaders described Minnesota State's governance, audit independence and recent clean financial audits, and outlined systemwide stewardship of federal relief and procurement controls at a Senate Higher Education Committee hearing.
Minnesota State Board of Trustees Chair George Soule and Chancellor Scott Olson told the Minnesota Senate Higher Education Committee that the statewide system serves roughly 270,000 students and has structured audit and finance oversight to protect public and student funds.
The board leaders and system financial officers described a multi‑layered governance model, an independent internal audit function and regular external reviews that they said have produced consecutive clean financial statement audits and strong federal program reviews.
"We are volunteers, the trustees are volunteers who are committed to the success of Minnesota State, our students, and the communities that we serve," said George Soule, chair of the Minnesota State Board of Trustees. Soule reviewed the trustees'…
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