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Report of State Auditor 1999
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Report of State Auditor 1999
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6/4/2014 9:41:09 AM
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Publications
Year
1999
Title
Report of the State Auditor
CWCB Section
Finance
Description
Evalation of Actions Taken on the 1998 Colorado Water Conservation Board Construction Fund Loan Program as of December 1999
Publications - Doc Type
Tech Report
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i <br /> 28 Evaluation of Actions Taken on Colorado Water Conservation Board as of December 1999 , <br /> Office of the State Auditor's Evaluation of Actions Taken <br /> (December 1999): <br /> created a policy detailing how staff will 111 <br /> In progress. In response to our audit, the CWCB e p y g <br /> identify,address,and report collections problems. It also includes criteria for declaring bad <br /> debts and referring these cases to the Central Collections and/or Attorney General's Office. <br /> This policy appears to address the concerns noted by the audit and was implemented <br /> October 1, 1999. Because this policy had been implemented only recently, however, we <br /> could not test its use or effectiveness. <br /> Improve Contract Development, Approval, and Amendment <br /> Processes <br /> During the 1998 audit we found the Board did not use standardized contracts with borrowers. This <br /> meant that unique contracts were created for each new loan,which required individual contracts to I <br /> be reviewed and approved by both the Attorney General's Office and the State Controller's Office. <br /> We found that it took an average of two to eight months for a contract to be developed, reviewed, <br /> and approved. We also identified weaknesses in the Board's methods for ensuring that amendments <br /> and deauthorizations are processed in a timely manner. <br /> Recommendation No. 16 (September 1998): 1 <br /> The Water Conservation Board,working with the Attorney General's and State Controller's Offices, <br /> should explore the use of boilerplate contracts for the Construction Fund Loan Program. In addition, <br /> the Board should develop monitoring procedures to ensure contracts are amended and any residual <br /> funding is deauthorized in a timely manner. The Board should also consider adopting a two-phase <br /> contracting process with its borrowers. <br /> Water Conservation Board's Report Response I <br /> (September 1998): <br /> Agree. The CWCB staff has worked extensively with the Attorney General's Office to I <br /> streamline the contracting process and the contracting process has already been vastly <br /> improved. However, the diverse character of the borrowers (ranging from individuals and <br /> homeowners associations to special districts and municipalities) has limited our <br /> opportunities; passage of the TABOR Amendment further complicated this effort. The <br /> CWCB staff will summarize these efforts and complications for consideration by the Board <br /> by June 30, 1999. The deauthorization and residual funding issues will be treated as <br /> indicated in our response to Recommendation No. 5. <br /> 1 <br />
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