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File #: 17-327   
Type: Orange County Transportation Authority Item Status: Passed
File created: 1/30/2017 In control: Finance and Administration Committee
On agenda: 3/8/2017 Final action: 3/13/2017
Title: Budget Development, Monitoring, and Reporting, Internal Audit Report No. 16-509
Sponsors: Serena Ng, Janet Sutter
Indexes: BUDGET
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Title

Budget Development, Monitoring, and Reporting, Internal Audit Report No. 16-509

 

Overview

The Internal Audit Department has completed an audit of budget development, monitoring, and reporting. Based on the audit, controls are generally adequate; however, recommendations were made to enhance and expand written procedures, to improve controls over salary grade changes, to adhere to the Position Control Policy, and to improve estimates and explanations included with the Sole Source List.

 

Recommendation(s)

Direct staff to implement four recommendations provided in Budget Development, Monitoring, and Reporting, Internal Audit Report No. 16-509.