Report 2013-107 Recommendation 4 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 #4 To: Treasurer, State

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

60-Day Agency Response

We have updated our policies and procedures to reflect the new requirements recommended by the State Auditor relative to developing a list of all outside accounts and to reconcile annually with the State Controller's Office.

We have developed a list of all report 14 recieved from state agencies even those that do not have a bank account outside the Centralized Treasury. We have also reconciled our list with that of the State Controller's and we will continue to do so on an annual basis.

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

All Recommendations in 2013-107

Agency responses received are posted verbatim.