Report 2013-107 Recommendation 7 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 #7 To: University, California State

To ensure accurate reporting on its outside accounts in the future, within the next six months, CSU should develop procedures for excluding investments held by the treasury system from reported outside account balances.

60-Day Agency Response

The CSU has developed procedures for excluding investments held by the treasury system from reported outside account balances.

• Completion Date: December 2013
• Response Date: December 2013

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

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All Recommendations in 2013-107

Agency responses received are posted verbatim.