Limited Scope Fiscal Audit at the Housing and Community Investment Department

On April 18 & 19, 2016, the Controller’s auditors conducted surprise cash counts at three locations at Housing and Community Investment Department (HCID). The purpose of these surprise cash counts is to ensure that collections and authorized petty cash/change funds are accounted for properly and adequate controls are in place over these funds.

We counted $10,841.27 consisting of currency, coins and checks. HCID receives payments for housing programs such as the Rent Escrow Account Program (REAP), Los Angeles Seismic Retrofit Program, noncompliance housing codes and inspections fees.

We also conducted a payroll observation and analysis of mileage reimbursements for pay period # 19, and reviewed HCID’s four bank accounts that are not controlled by the Treasurer.

Our audit was performed in accordance with Generally Accepted Government Auditing Standards. Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. We believe that the evidence obtained provides a reasonable basis for our findings and conclusions based on our audit objectives.