OCTA header

Public Comments
Public comments may be submitted pursuant to the instructions noticed in the meeting agenda, which will be available at least 72 hours prior to the meeting.

Live and Archived Audio
NEW: Listen to the live and recorded Board and Committee meetings in the "Video/Audio" column below.

 
File #: 19-2213   
Type: Orange County Transportation Authority Item Status: Passed
File created: 10/30/2019 In control: Finance and Administration Committee
On agenda: 11/13/2019 Final action: 11/25/2019
Title: Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2019
Sponsors: Gabriel Tang, Janet Sutter
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Title

Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2019

 

Overview

The Internal Audit Department has completed an audit of investments for the period January 1 through June 30, 2019. Based on the audit, the Orange County Transportation Authority complied with its investment policies; however, the Internal Audit Department identified an error in the Second Quarter 2019 Investment and Debt Report and observed that the investment compliance schedule does not reflect all investments and bond indenture requirements.

 

Recommendation(s)

Direct staff to implement two recommendations provided in Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2019, Internal Audit Report No. 20-502.