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AGENDA

• Required Reports• Review Results • Next Steps• Contacts• Questions

REQUIRED REPORTS•Agreed-Upon Procedures Report (AUP) Due Date: October 1, 2012

•Asset Transfer Assessment Forms Due Date: April 15, 2012

•Due Diligence Report Due Date: 10/01/12 – Low Mod Fund 12/17/12 – All Other Funds

ASSET TRANSFER ASSESSMENT REPORTS - STATUS AND RESULTS

REPORTS•Received 328 / 402 (82% Return Rate)•174 / 328 (53% Reported Questionable Transfers)•Asset value $9.9B •Potential Questionable Transfers $6.5B

ASSET TRANSFER REVIEW FINDINGS

• RDA assets not transferred to successor agency

• Unallowable assets transferred to city• Unallowable assets transferred to a Economic

Development Corporation or like kind

NEXT STEPS

•Asset Transfer Reviews•Collect and Review AUPs•Property Tax Audits - Hold

STATE CONTROLLER’S OFFICEDIVISION OF AUDITS

CONTACT INFORMATIONSCO Website: www.sco.ca.gov

STEVEN MAR, CHIEF LOCAL GOVERNMENT AUDITS BUREAU (916) 324-7226 SMAR@SCO.CA.GOV

BETTY MOYA, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 445-4989 BMOYA@SCO.CA.GOV

MOISES LAUREL, MANAGERLOCAL GOVERNMENT AUDITS BUREAU (916) 323-9271 MLAUREL@SCO.CA.GOV

SCOTT FREESMEIER, MANAGERLOCAL GOVERNMENT AUDITS BUREAU (323) 981-6808 SFREESMEIER@SCO.CA.GOV

QUESTIONS

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