Orange County Transportation Authority - File #: 24-5536

• File #: 24-5536
• Type: Orange County Transportation Authority Item
• Status: Passed
• File created: 2/26/2024
• In control: Finance and Administration Committee
• On agenda: 3/27/2024
• Final action: 3/27/2024
• Title: Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2023, Internal Audit Report No. 24-509
• Sponsors: Jonathan Thompson, Janet Sutter

Date	Action By	Action	Result
3/27/2024	Finance and Administration Committee	approved and passed	Pass

Subject

title

Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2023, Internal Audit Report No. 24-509

overview

Overview

The Internal Audit Department has completed an audit of investments for the period July 1 through December 31, 2023. Based on the audit, the Orange County Transportation Authority generally complied with its debt, investment, and reporting policies and procedures; however, the Internal Audit Department made two recommendations to improve monthly investment and Clearwater system reporting.

recommendation

Recommendation

Direct staff to implement two recommendations provided in Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2023, Internal Audit Report No. 24-509.