Laserfiche WebLink
CITY OF SAN LEANDRO <br />MEMORANDUM ON INTERNAL CONTROL <br />JUNE 30, 2012 <br /> <br />SCHEDULE OF OTHER MATTERS <br /> <br />Review Draft 6/18/2013 5:11:57 PM <br /> <br />Effect: <br /> <br /> The fund may be disclosing a liability that the Shoreline Fund may not be able to repay. <br /> <br /> Cause: <br /> <br /> The City is experiencing sustained accumulated operating losses in the Shoreline Fund. <br /> <br /> Recommendation: <br /> <br />The City should continue to research ideas for revenue collection and to work towards a balanced <br />budget. Furthermore, the City should evaluate the collectability of this advance to the Shoreline <br />Fund. <br /> <br />Management Response: <br />There are development studies and projects currently being discussed at City Council to improve <br />the Marina Shoreline in trying to attract businesses. The Shoreline Fund produced improved <br />revenue and reduced expenditures in Fiscal Year 2011-12 to reduce the deficit approximately <br />$200,000. <br /> <br />2012-04 Support for Accounts Receivable Advance Payments (General Fund) <br /> <br />Criteria: <br /> <br />The City should be able to support amounts that are reported in the financial statements and <br />general ledger system. <br /> <br />Condition: <br /> <br />During the course of the audit we requested five samples that were selected from the detail listing <br />for general ledger account 010-220-2201, the City was unable to provide any documentation for <br />the sample. <br /> <br />Effect: <br /> <br />Information that is presented in the financial statements and amounts recorded in the City’s <br />general ledger system may be incorrect or may not be an obligation of the City. <br /> <br />Cause: <br /> <br /> These are contracts with the Engineering department that have made deposits for projects. <br /> <br /> Recommendation: <br /> <br />We recommend the City retain proper documentation for all obligations, transactions, and <br />managerial estimates. <br /> <br />