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File #: 25-6148   
Type: Orange County Transportation Authority Item Status: Reported to Board - Consent
File created: 3/13/2025 In control: Finance and Administration Committee
On agenda: 3/26/2025 Final action: 3/26/2025
Title: Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2024, Internal Audit Report No. 25-511
Sponsors: Gabriel Tang, Janet Sutter
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Subject

title

Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2024, Internal Audit Report No. 25-511

overview

Overview

The Internal Audit Department has completed an audit of investments for the period July 1 through December 31, 2024. Based on the audit, the Orange County Transportation Authority complied with its debt, investment, and reporting policies and procedures; however, the Internal Audit Department made a recommendation to enhance the review of the monthly Investment and Debt Programs Reports.

recommendation

Recommendation(s)

Direct staff to implement a recommendation provided in Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2024, Internal Audit Report No. 25-511.