Report 2016-111 Recommendation 19 Responses
Report 2016-111: City of Irwindale: It Must Exercise More Fiscal Responsibility Over Its Spending So That It Can Continue to Provide Core Services to Residents (Release Date: November 2016)
Recommendation #19 To: Irwindale, City of
To ensure that it continues to properly manage its debt, the city should prioritize developing and implementing a debt management policy.
Annual Follow-Up Agency Response From October 2018
The City approved Resolution No. 2018-65-3059 on 9/12/2018 adopting a Debt Management Policy. Copy of this resolution to be submitted via email.
- Completion Date: September 2018
California State Auditor's Assessment of Annual Follow-Up Status: Fully Implemented
1-Year Agency Response
The City agrees to implement a debt management policy. Staff will work with a consultant during the current fiscal year to develop a formal and effective Debt Policy.
- Estimated Completion Date: 06/30/2018
- Response Date: November 2017
California State Auditor's Assessment of 1-Year Status: Pending
6-Month Agency Response
The City agrees to implement a debt management policy. Staff will soon start work with a consultant to develop a formal and effective Debt Policy.
- Estimated Completion Date: 06/30/2018
- Response Date: May 2017
California State Auditor's Assessment of 6-Month Status: Pending
60-Day Agency Response
The City agrees to implement a debt management policy.
- Estimated Completion Date: 06/30/2018
- Response Date: January 2017
California State Auditor's Assessment of 60-Day Status: Pending
All Recommendations in 2016-111
Agency responses received are posted verbatim.