TITLE
Recommendation to receive and file the Quarterly Audit of Cash and Investments Reports for the quarters ending December 31, 2007, and March 31, 2008.
DISCUSSION
Pursuant to Section 803 of the City Charter, the Office of the City Auditor is charged with verifying cash in the City Treasury on a quarterly basis and providing a written report to the City Council. The City Auditor conducts quarterly audits of the City's cash and investments to confirm the amount and description with outside depositories and to ensure investments are in compliance with all applicable laws and policies. Attached are the quarterly audits of cash and investments for the quarters ending December 31, 2007 and March 31, 2008.
TIMING CONSIDERATIONS
This item 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