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<br />Timeline for Implementation of Audit Responses <br />October 25, 1998 <br /> <br />. <br /> <br />10/1998 Legislative Audit Committee hearing <br />11/1998 Update LTFP by 01/01/1999 (2) <br /> Review CF statutes and recommend changes to General Assembly by 02/01/1999 (4) <br /> Consider funding for electronic imaging system by 02/01/1999 (13) <br />12/1998 Re-evaluate CF loan program workload allocation and priorities by 06/30/1999 (10- <br /> 12) <br /> Recommend new staff positions by 02/01/1999 (18) <br /> Assess time limits for project completion by 02/01/1999 (5) <br />01/1999 Implement strong internal accounting controls by 02/01/1999 (17) <br /> Propose CF section structure and staffing changes to Board by 06/30/1999 (18) <br />02/1999 Identify and collect payment on feasibility study loans by 06/30/1999 (7) <br /> Review and verify billing information by 06/30/1999 (14) <br />03/1999 Assess and adopt formal collateral policy by 06/30/1999 (9) <br /> Adopt management goals and operational objectives by 07/30/1999 (1) <br />04/1999 Complete population ofCF database by 06/30/1999 (13) <br /> Reconcile loan balances by 06/30/1999 (17) <br />05/1999 Report to the Board on efforts to improve contracting process by 06/30/1999 (16) <br /> Recommend loan collection policies to the Board by 06/30/1999 (15) <br />06/1999 Develop options to evaluate "creditworthiness" and recommend changes to the <br /> General Assembly by 01/01/2000 (8) <br />07/1999 Legislative Audit Committee hearing <br /> <br />. <br /> <br />. <br /> <br />2 <br />