AGENDA
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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 - PowerPoint PPT Presentation
Transcript of AGENDA
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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 [email protected]
BETTY MOYA, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 445-4989 [email protected]
MOISES LAUREL, MANAGERLOCAL GOVERNMENT AUDITS BUREAU (916) 323-9271 [email protected]
SCOTT FREESMEIER, MANAGERLOCAL GOVERNMENT AUDITS BUREAU (323) 981-6808 [email protected]
QUESTIONS
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