City of Gainesville - File #: 200511.

• File #: 200511.
• Version: 1
• 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)

Date	Ver.	Action By	Action	Result
12/3/2020	1	City Commission	Approved as Recommended
11/16/2020	1	Audit and Finance Committee	Approved as Recommended

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.