Audit of the Office of City Attorney’s Bank Accounts Not Controlled by the Office of Finance and Results of Surprise Cash Count
The Controller’s Auditing Division has completed an audit of the Office of City Attorney’s (City Attorney) bank accounts not controlled by the Office of Finance. Operational needs of City departments may require setting up stand-alone bank accounts outside the City’s regular depository bank accounts. These bank accounts typically include petty cash, revolving funds, and court-ordered trust funds and are managed by departments. Some grant funds are also deposited in separate bank accounts as required by grantors. Day-today transactions in the bank accounts are not recorded in the City’s Financial Management System (FMS). However, the bank accounts’ balances are included at fiscal year-end for financial reporting.