Auditor finds financial missteps by stadium authority

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An auditor's report finds the state panel overseeing the new Vikings stadium made some financial mistakes in its early months.

But the Office of the Legislative Auditor concluded that overall the Minnesota Sports Facilities Authority has been presenting its finances fairly.

As the Associated Press reports, the auditor found $833,000 the Vikings paid for construction planning was mistakenly reported as operating income.

The report also says the Authority, which is currently operating the Metrodome, should have verified the profits reported by the vendors that oversee concessions there.

The Star Tribune notes, though, that the auditor also concluded financial statements were "fairly presented in all material respects."

The Authority was created in August of last year and the auditor looked at its operations through the end of 2012. Find a summary of the report here.

Or read the whole thing here.

Groundbreaking for the new $975 million stadium is planned for November, but details have not been announced yet. It's scheduled to be ready for the 2016 football season. The Vikings owners and the Sports Facilities Authority finalized a lease for the new building early this month.

The state of Minnesota and city of Minneapolis together are covering nearly $500 million of the building's cost, which continues to rankle some critics -- most recently in Pittsburgh Magazine.

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