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Agenda 07/09/2013 Item #13A 7/9/2013 13.A. EXECUTIVE SUMMARY Presentation by the Clerk of the Circuit Court regarding Audit Report 2013 5 Tourism Assets, Revenues, and Expenditures Review (formerly Audit Report 2011-2). OBJECTIVE: To present to the Board of County Commissioners (Board) tike Tourism Assets, Revenues, and Expenditures Audit Report 2013-5 (formerly Audit Report 2011-2). The scope of the audit consisted of reviewing internal controls and compliance wit applicable Florida Statutes, County Ordinances and Resolutions, and County Policies and Proced res with regard to tourism related assets, revenues, and expenditures. The objectives of the audit were to verify: tourism marketing contracts adhered to th Purchasing Policy; tourism related expenditures met payment requirements; Tourist Development ax revenues were correctly calculated and allocated; the existence and accuracy of the petty cash fuPd; and fixed assets were properly recorded. CONSIDERATIONS: The Clerk of Courts initiated a planned routine audit of tourism related assets, revenues, and expenditures based on the inherently high risk associated with internal controls regarding assets, revenue, and expenditures. The Final Audit Report was presented to the Board on Wednesday, July 3, 2013 and is available electronically on the Clerk of Court's website. The PowerPoint presentation will be made to the Board at the Board meeting and available electronically after the Board meeting. Clerk of Courts website for Published Internal Audit Reports, once the reports are not confidential is: Report: http://www.col l ierclerk.com/resource-library/pdf/internal-audit-pd f/2013-5-touri sm-assets-revenues- and-expenditures Presentation: htt.://www.collierclerk.com/resource-libra /.df/internal-audit-.df/2013-5-tourism-.ssets-revenues- and-expend itures-presentation---bcc-on July-9-2013 Internal Audits do not become public record until presented to the Board by the Cler of Court's Office. GROWTH MANAGEMENT IMPACT: None FISCAL IMPACT: There may be a fiscal impact based on the audit findings. LEGAL CONSIDERATIONS: None RECOMMENDATION: The Board hear the presentation by the Clerk regarding udit Report 2013-5 Tourism Asset,Revenue, and Expenditure Review(formerly Audit Report 2011-2). Prepared by: Ron Dortch, Senior Internal Auditor, Clerk's Office Packet Page-165- 7/9/2013 13.A. COLLIER COUNTY Board of County Commissioners Item Number: 13.13.A. Item Summary: Presentation by the Clerk of the Circuit Court regarding Audit Report 2013-5 Tourism Assets, Revenues, and Expenditures Review (formerly Audit Report 2011-2). Meeting Date: 7/9/2013 Prepared By Name: BrockMaryJo Title: Executive Secretary to County Manager, CMO 6/28/2013 7:55:47 AM Submitted by Title:Executive Secretary to County Manager, CMO Name: BrockMaryJo 6/28/2013 7:55:49 AM Approved By Name: KlatzkowJeff Title: County Attorney Date: 6/28/2013 8:26:23 AM Name: KinzelCrystal Date: 6/28/2013 9:59:35 AM Name: OchsLeo Title: County Manager Date: 6/30/2013 4:25:18 PM Packet Page-166-