TITLE
Recommendation to receive and file the Purchasing Card Audit.
DISCUSSION
The Office of the City Auditor has completed an audit of the City of Long Beach Purchasing (P-Card) Program. The objective of this audit was to verify whether P-Card transactions were in compliance with the established policies and procedures set forth in the User Guide and the City's Administrative Regulations and to evaluate the adequacy of internal controls over the Program.
Overall, the P-Card Program has been successful in reducing administrative processes for purchasing business-related goods. However, during our audit, we noted several areas within the internal control environment that could be improved. Our procedures, findings, and recommendations for improvement are discussed at length in the attached report.
We appreciate the time, information, and cooperation provided by Financial Management and other City Departments involved in the P-Card Program.
TIMING CONSIDERATIONS
Action by the City Council is not time sensitive.
FISCAL IMPACT
Approving this action would have no fiscal impact.]
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
Laura L. Doud, CPA
City Auditor