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File #: 200511.    Version: 1 Name:
Type: Discussion Item Status: Passed
File created: 11/9/2020 In control: City Commission
On agenda: 12/3/2020 Final action: 12/3/2020
Title: Audit Report - General Government Non-Pension Investments (B)
Attachments: 1. 200511_Audit Report_General Government Non-pension Investments_20201116.pdf

Title

Audit Report - General Government Non-Pension Investments (B)

 

Explanation

The General Government Non-Pension Investments Review was included in the City Auditor’s 2020 Fiscal Year Audit Plan, Resolution #190633, approved on December 5, 2019. The City Auditor’s Office conducted a review of General Government Non-Pension Investments processes and related internal controls. The objective of the engagement was to examine the internal control environment and governance of two designated non-pension investments portfolios (surplus operating funds and cemetery trust fund) and internal controls over a recently implemented Fuel Hedging Program, at management’s request.

 

Recommendation:

The Audit and Finance Committee recommends the City Commission accept the City Auditor's report.




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