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AGENDA

AGENDA. Required Reports Review Results Next Steps Contacts Questions. REQUIRED REPORTS. Agreed-Upon Procedures Report (AUP) Due Date: October 1, 2012 Asset Transfer Assessment Forms Due Date: April 15, 2012 Due Diligence Report Due Date: 10/01/12 – Low Mod Fund

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AGENDA

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  1. AGENDA • Required Reports • Review Results • Next Steps • Contacts • Questions

  2. REQUIRED REPORTS Agreed-Upon Procedures Report (AUP) Due Date: October 1, 2012 Asset Transfer Assessment Forms Due Date: April 15, 2012 Due Diligence Report Due Date: 10/01/12 – Low Mod Fund 12/17/12 – All Other Funds

  3. ASSET TRANSFER ASSESSMENT REPORTS - STATUS AND RESULTS REPORTS • Received 328 / 402 (82% Return Rate) • 174 / 328 (53% Reported Questionable Transfers) • Asset value $9.9B • Potential Questionable Transfers $6.5B

  4. ASSET TRANSFER REVIEW FINDINGS • RDA assets not transferred to successor agency • Unallowable assets transferred to city • Unallowable assets transferred to a Economic Development Corporation or like kind

  5. NEXT STEPS Asset Transfer Reviews Collect and Review AUPs Property Tax Audits - Hold

  6. STATE CONTROLLER’S OFFICEDIVISION OF AUDITSCONTACT INFORMATION SCO Website: www.sco.ca.gov STEVEN MAR, CHIEF LOCAL GOVERNMENT AUDITS BUREAU (916) 324-7226 SMAR@SCO.CA.GOV BETTY MOYA, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 445-4989 BMOYA@SCO.CA.GOV MOISES LAUREL, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 323-9271 MLAUREL@SCO.CA.GOV SCOTT FREESMEIER, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (323) 981-6808 SFREESMEIER@SCO.CA.GOV

  7. QUESTIONS

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