HomeMy WebLinkAboutMINUTES - 06062006 - C.71 1
TO: BOARD OF SUPERVISORS . �`''<f_. `�'��"' Contra
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FROM: William J. Pollacek, Treasurer-Tax Collector o ... �' Costa
DATE: June 6, 2006 5>A C: UK County
SUBJECT: Audit Report on the County Treasury 7
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ACCEPT the audit from the County Auditor-Controller on the activities of the County
Treasurer and the Treasury Oversight Committee as required by Government Code
Section 27134.
FISCAL IMPACT:
None.
BACKGROUND/REASON (S) FOR RECOMMENDATION (S):
Per Government Code Section 27134 and at the request of the Treasury Oversight Committee, the
County Auditor-Controller audited the County Treasury for the period January 1, 2005 through
December 31, 2005.
The audit was reviewed at the Treasury Oversight Committee meeting of May 16, 2006. The audit
had no findings or recommendations and was accepted by the County Treasurer and Treasury
Oversight Committee. No response from the County Treasury or Treasury Oversight Committee is
required. A copy of the Auditor-Controller's audit is submitted to the Board of Supervisors for review
and acceptance.
WJP.AG.mb
CONTINUED ON ATTACHMENT: L_--YES SIGNATURE: GSL
fj RECOMMENDATION OF COUNTY ADMINISTRATOR 5 ir iF7,5AT,nNkGVBOARD COMMITTEE
�-/ APPROVE OTHER
SIGNATURE(S):
1;���—
ACT OF BOAR 40L APPROVED AS RECOMMENDED
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
UNANIMOUS(ABSENT 2,p9-L-a- )
AYES: NOES:
ABSENT: ABSTAIN:
Contact: 2
Cc: Treasurer-Tax Collector's Office ATTESTED
JO CULLEN,CLERK OF THE BOARD OFSUPERVISORS
COUNTY ADMINISTRATOR
BY: DEPUTY
Office of
COUNTY AUDITOR-CONTROLLER
Contra Costa County
Martinez, California
May 3, 2006
TO: Alfred M. Granzella, Chairperson, Treasury Oversight Committee
FROM: Stephen J. Ybarra, Auditor-Controller
Audit Staff: May SM Romero, Auditor II
SUBJECT: Examination of the Activities of the County Treasurer and the Treasury Oversight
Committee as Required by Government Code Section 27134
EXECUTIVE SUMMARY
We have examined the accounts, records, and procedures of the County Treasurer (Treasurer) and
the records and procedures of the Treasury Oversight Committee (Committee) for the period of
January 1, 2005 through December 31, 2005.
We conducted the necessary audit tests. and. procedures to determine if, within our scope, the
following conditions existed:
There was compliance with Government Code Sections 27131 through 27132.4 that govern
the establishment, membership and meetings of the Committee.
There was compliance with Government Code Section 27133 that governs the establishment,
review, and monitoring of investment policy.
The quality of the Treasurer's investment portfolio complied with applicable laves and
administrative requirements governing investments, including Government Code Sections
53601-53607 and 53646 governing authorized investments and the County's Investment
Policy.
Internal controls were adequate to ensure the safeguarding of the financial assets under the
Treasurer's control.
The Treasurer has contracted with financial entities for investment services and safekeeping
and restricted investing transactions to brokers and issuers allowed by the County's
Investment Policy.
The Treasurer's Quarterly Investment Reports were accurate.
Alfred M. Granzella, Chairperson, Treasury Oversight Committee May ,200,6
y
Examination of the Activities of the County Treasurer and the Treasury Oversight
Committee as Required by Government Code Section 27134 (continued)
Based on the results of our audit tests and procedures, we concluded that, in all material respects,
these conditions existed.
We appreciate the excellent cooperation and assistance of the Treasurer staff, especially Clarissa
Javier, Brice Bins, Beverly Rellar and Aurora Lee during this audit.
STATUS OF PRIOR AUDIT RECOMMENDATION
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cc: William J. Pollacek, Treasurer-Tax Collector