North Dakota: Legendary. Follow the trail of legends

Financial Services Group

The Financial Services Group (FSG) is responsible for providing accounting, revenue compliance, investment and other financial services to the Department of Trust Lands (DTL).

The Accounting Division is responsible for all financial reporting, monitoring fund distributions, tracking operational expenses, preparing budget and payroll, assisting with procurement and maintaining the DTL’s general ledger.

The Revenue Compliance Division is responsible for developing and implementing procedures to assure the timely and accurate accounting of all royalties, bonuses, rents and other revenues received by the DTL. The division is also responsible for developing, implementing and monitoring the managerial and system controls used by the DTL to detect and prevent the misappropriation of trust assets and revenues.

The Investment Division is responsible for directing, implementing, coordinating and monitoring all aspects of the Land Board’s investment program. As of June 30, 2011, the total value of investment assets was just over $2 billion. The type of investment assets owned by each trust fund is determined by the nature or purpose of the fund, investment goals and objectives of the fund, and the timing and amount of distributions from the fund.

Quarterly Financial Reports

Quarterly Investment Performance Reports

Annual Financial Statements

1707 North 9th Street | PO Box 5523 | Bismarck, ND 58506-5523 | Telephone: (701)328-2800 | Fax: (701)328-3650