Transcript Slide 1
1 AGENDA • • • • • Required Reports Review Results Next Steps Contacts Questions REQUIRED REPORTS •Agreed-Upon Procedures Report (AUP) Due Date: October 1, 2012 •Asset Transfer Assessment Forms Due Date: April 15, 2012 •Due Diligence Report Due Date: 10/01/12 – Low Mod Fund 12/17/12 – All Other Funds ASSET TRANSFER ASSESSMENT REPORTS - STATUS AND RESULTS REPORTS • Received 328 / 402 (82% Return Rate) • 174 / 328 (53% Reported Questionable Transfers) • Asset value $9.9B • Potential Questionable Transfers $6.5B ASSET TRANSFER REVIEW FINDINGS • RDA assets not transferred to successor agency • Unallowable assets transferred to city • Unallowable assets transferred to a Economic Development Corporation or like kind NEXT STEPS •Asset Transfer Reviews •Collect and Review AUPs •Property Tax Audits - Hold STATE CONTROLLER’S OFFICE DIVISION OF AUDITS CONTACT INFORMATION SCO Website: www.sco.ca.gov STEVEN MAR, CHIEF LOCAL GOVERNMENT AUDITS BUREAU (916) 324-7226 SMAR@SCO.CA.GOV BETTY MOYA, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 445-4989 BMOYA@SCO.CA.GOV MOISES LAUREL, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 323-9271 MLAUREL@SCO.CA.GOV SCOTT FREESMEIER, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (323) 981-6808 SFREESMEIER@SCO.CA.GOV QUESTIONS 8