USPS OIG Report: Stamps, Money Orders, and Cash – Minneapolis

Background

The Minneapolis Main Post Office is located in the Northland District of the Central Area. OIG data analytics identified Minneapolis Main Post Office as having a large stamp inventory of approximately $3 million. Our objective was to determine whether the Minneapolis Main Office properly accounted for stamps, money orders, and cash.

Findings

We determined that all stamps, money orders, and cash were properly accounted for. We found the unit properly conducted counts of all stamps, money orders, and cash inventories, and all stamp stock transfers from the unit reserve to the retail floor stock were properly conducted.

Although outside the scope of the audit, we observed lost and found items were not always properly secured or returned to the customer. Specifically, the team noted an unsecured drawer of lost and found items, which included a wallet, passports, identification cards, credit cards, stamps, and a nominal amount of cash.

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Source: USPS Office of Inspector General

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