Report 2013-107 Recommendation 2 Responses

Report 2013-107: Accounts Outside the State's Centralized Treasury System: Processes Exist to Safeguard Money, but Controls for These Accounts Need Strengthening (Release Date: October 2013)

Recommendation #2 To: Controller's Office, State

Within the next six months, the state controller should develop policies and procedures to maintain a list of all outside accounts and reconcile its list annually with the state treasurer's list.

60-Day Agency Response

The SCO, STO, and DOF began working together to strengthen all procedures and reconciliation processes in March 2013, and the SCO and the STO performed a reconcilliation in June 2013. The more formalized procedures developed by the SCO include reconciliation components and instruct staff to make weekly contact with the STO for reconcilation purpuses beginning on Spetemebr 15th of each year in order to complete the reconciliation before financial reports are issued.

California State Auditor's Assessment of 60-Day Status: Fully Implemented

All Recommendations in 2013-107

Agency responses received are posted verbatim.