HomeMy WebLinkAboutMINUTES - 02141984 - 2.9 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY. CALIFORNIA
Adopted this Order on February 14, 1984 by the following vote:
AYES: Supervisors Powers , Fanden, Schroder, McPeak, Torlakson
NOES: None
ASSENT: None
ABSTAIN: None
SUBJECT: U. S . Treasury Office Audit
Requirements Changed
The Board having. received a January 16 , 1984 letter
from the Director, Office of Revenue Sharing, IT. S. Office of the
Secretary of the ,Treasury, advising that Congress recently enacted
the "Local Government Fiscal Assistance Amendments of 1983" which
changes the audit frequency requirement, and further advising that
effective for fiscal year beginning on or before October 1 , 1983
our County government will be subject to an annual audit;
IT IS BY THE BOARD ORDERED that the aforesaid letter
is REFERRED to the County Auditor-Controller and the County
Administrator.
1 hereby certify that this Is a true and correct copy of
an action taken and entered on the minutes of the
Board of Supe visors on the date shown.
ATTESTED:
J.R. OLSSON, COUNTY CLERIC
and ex officio Clcrk of the Board
By , Deputy
Orig. Dept.: Clerk of the Board
CC: County Administrator
Auditor-Controller
16.5
- OFFICE OF THE SECRETARY OF THE TREASl�2R E C E I V E D
WASHINGTON, D.C. 20226
/7h0 i
DIRECTOR
DOFFICE OF REVENUE SNARING �• ", ,
2.01 E STREET,N.W.
COLUMBIA PLAZA J. R, OLZ'SON
CLERK BOARD OF SUPERVISORS
CON .:.A COSTA CO.
BY � .....L.....Deputy
January 16, 1984
REF: 5142 - # 1
Dear Chief Executive Officer:
As you are probably aware, Congress recently enacted the
"Local Government Fiscal Assistance Amendments of 1983. " The
audit frequency requirement has been materially changed by these
Amendments for those recipient governments which receive more
than $100,000 in entitlement payments during a fiscal year.
These governments are required to provide a financial audit of
all funds, a compliance audit of Revenue Sharing funds, and an
auditor' s report on the study and evaluation of internal control
for each such year. However, if the government operates on a
biennial fiscal period , such audits may be made biennially, but
shall cover the financial statement or statements, and compliance
with the requirements, for both years. This change is effective
for fiscal years beginning on or after October 1, 1983.
An initial review of the Revenue Sharing allocations for
Entitlement Period 15 indicates that your government will be
subject "to the requirement for an annual audit. The former
requirement for audits of not less often than once every three
years will remain in effect for your government's fiscal years
beginning before October 1 , 1983.
I suggest that you bring this matter to the attention of
your auditors immediately and that any planning in connection
with your government' s financial affairs give full consideration
to this requirement.
If you have any questions concerning these matters, you may
contact the Audit Division at (202 ) 634-5230 or at the letterhead
address.
Sincerely,
tet...
f
Michael F. Hill