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BOARD01061
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Last modified
8/16/2009 2:57:36 PM
Creation date
10/4/2006 6:49:19 AM
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Template:
Board Meetings
Board Meeting Date
5/24/1999
Description
CF Section - Audit Implementation Activity Report
Board Meetings - Doc Type
Memo
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<br />~'"'1 <br /> <br />funding to upgrade its records management system (approximately $270,000). We believe the <br />rest of the recommended actions can be accomplished within existing resources. <br /> <br />. <br /> <br />Audit Implementation Plan Elements <br /> <br /> <br />Hire an Accountant <br /> <br />Hire a Contracts Compliance <br />Specialist <br /> <br />Modernize the Projects Database <br /> <br />Modernize the Management of <br />Project Records <br /> <br />Review Contract Compliance <br />Status Systematically <br /> <br />Strengthen Management of Staff <br />Workload and Allocation Priorities <br /> <br />Evaluate Pre-1993 Feasibility <br />Study Contracts for Repayment <br />Obligations <br />Review Policy Issues with Key <br />Constituencies including: <br />. Purposes of the Fund <br />. Alternative Sources of <br />Project Funding <br />. Time Limits for Project <br />Initiation <br />. Conditional Approval of <br />Loan Authorizations <br />. Evaluation of Applicant's <br />"Credit Worthiness" <br />. Adequacy of Collateral <br />. Delinquency, Default and <br />Collections <br /> <br />100% <br /> <br />50% <br /> <br />60% <br /> <br />25% <br /> <br />60% <br /> <br />50% <br /> <br />25% <br /> <br />60% <br /> <br />. <br />Division accountant hired January 1999. <br /> <br />Position filled with temporary employee. <br />Awaiting personnel action to fill permanent <br />position. <br />Temporary employees populating the <br />database. <br />$270,000 document imaging system <br />approved as part of SB99-l73, Staff <br />committee has been formed to determine <br />project design parameters. <br />Tracking ofInsUfance and UCC forms in <br />progress by temporary employee. Proposals <br />being received by financial consultants for <br />additional system assistance. <br />Section Chief position filled. Program <br />Assistant position yet to be filled. Section <br />planning seminar conducted in Sept. 1998. <br />List of projects has been identified. Review <br />of each project has commenced, <br /> <br />. <br /> <br />Workshop held at January Water Congress <br />Meeting in Northglenn. Meeting notes have <br />been compiled. On-going evaluation of <br />January comments and revisions to policy <br />guidelines. <br /> <br />. <br /> <br />2 <br />
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