MMB also issues reports on Minnesota's economic health that are frequently cited by the media.
Later in 1971, the Loaned Executive Action Program (LEAP) convened by the late Wendell Anderson, Minnesota's 33rd governor, recommended consolidating the state's accounting and budgeting functions into a single agency under the governor's supervision in order to provide comprehensive budgetary control and financial reporting oversight of all state spending.
At the same time, the Department of the Public Examiner was abolished and its powers and duties in relation to the supervision and auditing of local government finances were transferred to the Office of the State Auditor.
The Department of Finance's responsibilities expanded further following the abolition of the state treasurer's office in 2003 by constitutional amendment.
The most recent change to MMB came in 2008, with the repeal of the Department of Employee Relations (DER) which had previously administered the state government's workforce.