Orange County Transportation Authority - File #: 24-5780

• File #: 24-5780
• Type: Orange County Transportation Authority Item
• Status: Reported to Board - Consent
• File created: 9/4/2024
• In control: Finance and Administration Committee
• On agenda: 9/25/2024
• Final action: 9/25/2024
• Title: Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2024, Internal Audit Report No. 25-502
• Sponsors: Jonathan Thompson, Janet Sutter

Date	Action By	Action	Result
9/25/2024	Finance and Administration Committee	approved and passed	Pass

Subject

title

Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2024, Internal Audit Report No. 25-502

overview

Overview

The Internal Audit Department has completed an audit of investments for the period January 1 through June 30, 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 two recommendations to periodically update daily revenue estimates and to update the Treasury/Public Finance Debt and Investment Management Manual to reflect changes in procedures.

recommendation

Recommendation(s)

Direct staff to implement two recommendations provided in Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2024, Internal Audit Report No. 25-502.