FY 2014 Audit Reports
To view a summary of any of the following audit reports, click on the report name.
Final Audit Follow-Up of General Fund Reserves and Fund Balance (#1401)
The City has taken actions to increase the balance of the Deficiencies Fund to more appropriate levels. As of June 30, 2013, the balance was $21.4 million, with $18.8 million of that amount considered "currently available." Those amounts are not significantly below the policy amount of $23.1 million. Additionally, the City has completed and/or resolved most of the action plan steps established to address issues identified in audit report #1024.
Audit of City Projects (#1402)
The purpose of this audit was to review the status of capital and operating projects throughout the City, including the Community Redevelopment Agency (CRA), to determine whether (1) Unused monies in projects as of April 30, 2013, that have not incurred expenses since October 1, 2009 (43 months), could be reallocated for other projects or purposes. (2) Projects are classified accurately in the City’s financial system to ensure capital assets resulting from such projects and related depreciation expenses are properly accounted for and reported in the City’s financial records and reports.
We determined 36 (58%) of the 62 reviewed projects with no recent expense activity are still active viable projects with ongoing plans for continuation and completion. Those 36 projects accounted for approximately $55 million of the $57 million (96%) in total funding for the 62 projects reviewed. The remaining 26 projects were found to no longer be active viable projects and were therefore closed, releasing $2.4 million to be returned and re-appropriated and/or reallocated.
Audit Follow-Up of Selected Departments' Leave and Attendance Processes and Transactions (#1403)
This is the second follow-up on the Audit of Selected Departments' Leave and Attendance Processes and Transactions, Report #1218, issued September 5, 2012. During the original audit, we noted that overall, recorded leave and attendance transactions tested were materially accurate. However, we did note several instances of noncompliance with City policies; most of which had no monetary impact. Management developed 16 action plan steps to address the report recommendations. As of September 30, 2013, all action plan steps were due to be completed. Ten steps were completed in the prior follow-up period and three were completed during this follow-up period. The three remaining steps relate to the purchase of a new time and attendance system and training.