Report 2017-113 Recommendation 4 Responses
Report 2017-113: South Orange County Wastewater Authority: It Should Continue to Improve Its Accounting of Member Agencies' Funds and Determine Whether Members Are Responsible for Its Unfunded Liabilities (Release Date: March 2018)
Recommendation #4 To: South Orange County Wastewater Authority
To prevent future discrepancies in available cash balances, SOCWA should implement its improved procedures to better account for members' cash contributions and provide monthly reports of available cash balances to members.
1-Year Agency Response
The SOCWA Board of Directors has approved reporting of cash on hand by quarterly periods beginning December 6, 2018 including reporting for Q1 2018/19. The attached staff reports to the Board of Directors document the Board's adoption of quarterly reporting.
- Completion Date: December 2018
- Response Date: March 2019
California State Auditor's Assessment of 1-Year Status: Fully Implemented
6-Month Agency Response
The Finance Controller will be bringing monthly reporting to the Finance Committee in October 2018.
- Estimated Completion Date: October 2018
- Response Date: September 2018
California State Auditor's Assessment of 6-Month Status: Pending
60-Day Agency Response
Improved procedures are underway and monthly reporting and procedures will be implemented July 2018.
- Estimated Completion Date: July 2018
- Response Date: May 2018
California State Auditor's Assessment of 60-Day Status: Pending
All Recommendations in 2017-113
Agency responses received are posted verbatim.