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File #: 24-5536   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 2/26/2024 In control: Finance and Administration Committee
On agenda: 3/27/2024 Final action:
Title: Investments: Compliance, Controls, and Reporting, July 1 through December 31, 2023, Internal Audit Report No. 24-509
Sponsors: Jonathan Thompson, Janet Sutter
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A
Date Action ByActionResultAction DetailsMeeting DetailsVideo/Audio
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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.