Transcript Slide 1

1
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 OFFICE
DIVISION OF AUDITS
CONTACT INFORMATION
SCO 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, MANAGER
LOCAL GOVERNMENT AUDITS BUREAU
(916) 323-9271 [email protected]
SCOTT FREESMEIER, MANAGER
LOCAL GOVERNMENT AUDITS BUREAU
(323) 981-6808 [email protected]
QUESTIONS
8