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HomeMy WebLinkAboutMINUTES - 01172006 - C.72 TO': BOARD OF SUPERVISORS _ Contra , FROM: INTERNAL OP.:ERATIONS COMMITTEE..) o' Costa DATE: DECEMBER 19 2005 �~ County srA cotiK`� SUBJECT: 2006 FINANCIAL AUDIT PLAN C 2 I SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: 1. ACCEPT report from theAuditor-Controller on the financial audit activities in 2005 and the .proposed schedule of financial audits for 2006. 2. ACKNOWLEDGE that in addition to an ambitious schedule of internal audits, the internal audit staff also spends approximately 25% of its time helping to prepare the County's annual Comprehensive Financial Report(CAFR). 3. ACKNOWLEDGE that while the County budget has grown over the years,the number of full time professional audit staff in the Auditor-Controller's Office has diminished. 4. RECOGNIZE that there will be at least two staff retirements within the Audit Division in 2006, which may hinder the department's ability to maintain perfect compliance with the 2006 schedule. 5. COMMEND the Auditor-Controller's Office - Internal Audit Division on its success in maintaining a regular and aggressive audit cycle, providing a greater level of confidence in the County's internal financial transactions and reporting procedures and systems. CONTINUED ON ATTACHMENT: YES SIGNATURE: ---------------------------------'-----------'-------------------------------------------- --- ----- �- ---------- ----- _RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA O OF BOARD COMMITTEE APPROVE OTHER (ABSENT) SIGNATURE(S): GAYa B.UILKEMA,CHAIR MARK DeSAULMER ACTION OF BOARD ON cie6 APPROVE AS RECOMMENDED �� OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN UNANIMOUS(ABSENT JAI i/y.4—i ) AND ENTERED ON THE MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE AYES: NOES SHOWN. ABSENT: ABSTAIN: ATTESTED: JANUARY 17,2006 CONTACT: JULIE ENEA(925)335-1077 JOHN SWEETEN,CLERK OF THE BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR CC: INTERNAL OPERATIONS COMMITTEE STAFF AUDITOR-CONTROLLER BY UTY 2,006 Financial Audit Schedule December 19,2005 Internal Operations Committee Page 2 BACKGROUND: On June 27, 2000, the Board of Supervisors reviewed the County's audit program and directed that each December,the County Administrator and Auditor-Controller report to the Internal Operations Committee on the proposed schedule of internal financial and management audits for the following year, including those studies requested by the Board of Supervisors. Attached is the 2006 internal audit plan proposed by Auditor-Controller. Our Committee is very pleased with the increased frequency and number of audits, and recommends approval of the 2006 plan. In addition to the Auditor-Controller's audit program, Caporicci and Larson, L.L.P.,will continue to conduct the annual single audit. Office of COUNTY AUDITOR-CONTROLLER Contra Costa County Martinez, California December 14, 2004 TO: Internal Operations Committee FROM: Stephen J. Ybarra,Auditor-Controller By: Jack B. Cooper�Jr., Chief Auditor X SUBJECT: Annual Report on the Financial Audits Program The Board of Supervisor's directive of June 27, 2000,requires the Auditor-Controller to report to the Internal Operations Committee each December on the proposed schedule of financial audits for the following year. The attached"Schedule of Recurring Audits"provides the audit schedule for 2006, and summarizes the status of the audit projects that were scheduled for completion in 2005. In 2005,the Internal Audit division again met its goal of maintaining its preferred audit cycle for recurring audit projects. All audits scheduled for 2005 either are completed or in progress,with the exception of the authorized postponement the Employment and Human Services Department. During 2005, the Chief Auditor and the Assistant Auditor-Controller performed a thorough review of existing recurring audit projects and examined potential new projects. Because of this process, a substantial number of new projects are included in the 2006 audit schedule. Some of the new projects include departmental audits that historically have not been conducted based on a risk assessment; however, Internal Audit now is including those departments in the"Schedule of Recurring Audits" in order to review their payroll and contract records. Several of the other new projects are related to federal or state grant activities. Additionally, several information system audits are included in the audit schedule due to the reemployment of the Information Systems Auditor. The new financial audit projects add more hours total than one full-time equivalent position. Since our Office does not anticipate hiring additional staff due to the County's fiscal constraints, Internal Audit will be unable to maintain its preferred audit schedule with the inclusion of the new assignments. The upcoming retirement of the Chief Auditor in March and probable imminent retirement of the most senior auditor also will directly affect the ability to meet the proposed 2006 audit schedule. The Internal Audit Division also is responsible for preparing the County's Comprehensive Annual Financial Report and providing assistance to other County departments and the County's external auditors. In addition to the internal audits conducted by the Office of the Auditor-Controller, the County's financial operations are subject to audit by a firm of independent external auditors, Caporicci Internal Operations Committee Annual Report on the Financial Audits Program' December 14, 2005 &Larson. This firm is responsible for performing an annual audit of the County's general-purpose financial statements, the County's Redevelopment Agency, the Public Financing Authority, and the Public Facilities Corporation. Caporicci &Larson also perform an annual "Single Audit" of the County's federal financial-assistance programs. Other independent auditors perform annual audits of the Contra Costa County Employees' Retirement Association, the County Housing Authority, state grant programs, and the FIRST 5 Contra Costa Children and Families' Commission. Attachment 2 J b„ N x x X x x b v, ate, wo 0 O a � U � b � a o � O y 0 0 00 N O � x y n ad " � � d• � d• �• �• CVM U a� 0 o w zzzzz a � to as v a o 0 0 0 6 0 �' WI) knk1 yx � � kr) nNr, w U U U U U .. .. 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