Office of State Lands and Investments

Office of State Lands and Investments

WYOMING LEGISLATIVE SERVICE OFFICE

09/19/2011 Denver, CO NLPES Conference 2011

Objective, Scope & Methodology

July 31, 2009: Committee requested an audit of OSLI.

Objective: Is OSLI maximizing revenue for Wyoming's trust beneficiaries, through effective leasing and use of state trust mineral lands?

Scope: Sub-surface activities.

Included surface impact payments as a result of subsurface activities.

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Scope Limitation

Limitation: Unable to directly access primary data on five (5) separate systems.

GIS; Mineral Lease Auction, Mineral Royalty System; Mineral Lease System; and Royalty Accounting System on separate servers.

Transition to integrated system.

Eleven components (agency-wide integrated system hub or AWISH).

Increased audit risk & time to review and verify primary OSLI data.

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Area for Further Consideration

Non-trust lands.

W.S. 36-1-102.

Requires agencies to file information with OSLI related to acquisition of real property; includes non-trust land holdings acquired outside of the federally-granted trust lands of the State.

Statewide Single Audit (FYE June 30, 2009).

State does not have an effective internal control system to track and value non-trust land that it owns.

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Background

Board of Land Commissioners and OSLI constitutionally and statutorily authorized to administer the Wyoming State Land Trust:

State Trust Land; State Trust Minerals; and Permanent Land Fund.

Both entities act as trustees.

Proceeds from the use, sale, and transfer of State land assets.

Intergenerational basis for long-term protection.

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