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Accept the Quarterly Review of the Statement of Assets of the Solano County Treasury as of September 30, 2023
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Auditor-Controller's Office (ACO) recommends the Board of Supervisors accept the Quarterly Review of the Statement of Assets of the Solano County Treasury as of September 30, 2023.
SUMMARY AND DISCUSSION:
Pursuant to Government Code ?26920, the County Auditor performs a quarterly review of the Treasurer's Statement of Assets in the County Treasury. The ACO's review is conducted in accordance with the International Standards for the Professional Practice of Internal Auditing as developed by the Institute of Internal Auditors. The review included (1) counting cash on hand in the County Treasury; (2) verifying the records of the Treasurer and Auditor-Controller (ACO) were reconciled pursuant to Government Code ?26905; and (3) issuing a report to the Board of Supervisors in accordance with the International Standards for the Professional Practice of Internal Auditing.
The review is substantially less in scope than an examination in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, the ACO does not express such an opinion. All information included in the Statement of Assets is the representation of the Solano County Treasurer.
The ACO is not aware of any material modification that should be made to the Statement of Assets for it to be in conformity with accounting principles generally accepted in the United States of America.
Our review noted the ACO Financial Reporting Division's reconciliation of records from the County Treasury and the Auditor-Controller's Office for September 2023 was completed 20 days after the deadline established in Government Code ?26905. The deadline for ...
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