City of Long Beach - File #: 08-0023

• File #: 08-0023
• Version: 1
• Name: AUDITOR - Quarterly reports
• Type: Agenda Item
• Status: Approved
• File created: 1/4/2008
• In control: City Council
• On agenda: 1/8/2008
• Final action: 1/8/2008
• Title: Recommendation to receive and file the quarterly reports of cash and investments for the quarters ending March 31, 2006, June 30, 2006 and September 30, 2006.
• Sponsors: City Auditor
• Indexes: Report

Date	Ver.	Action By	Action	Result
1/8/2008	1	City Council	approve recommendation	Pass

TITLE

Recommendation to receive and file the quarterly reports of cash and investments for the quarters ending March 31, 2006, June 30, 2006 and September 30, 2006.

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.   Attached are the Quarterly Reports of Cash and Investments for the quarters ending March 31, 2006, June 30, 2006 and September 30, 2006.

Upon taking office in July 2006, it was brought to my attention that the Quarterly Reports of Cash and Investments were delinquent.  Our office has been working diligently to comply with the City Charter, and going forward we are committed to issuing these reports on a quarterly basis.

TIMING CONSIDERATIONS

City Council action is requested on January 8, 2008.

FISCAL IMPACT

There is no fiscal impact.

SUGGESTED ACTION

Approve recommendation.

Respectfully Submitted,

LAURA L. DOUD

CITY AUDITOR