Santa Cruz County Grand Jury
• 2016-2017
• Agency Response
Response to:
Reports
Board of Supervisors*
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 1 findings
F1
Page 4
The public has not received a clear, understandable accounting of the County of Santa Cruz's total annual retirement costs and obligations in a single summary document. AGREE X PARTIALLY DISAGREE – explain the disputed portion __ DISAGREE – explain why Response explanation (required for a response other than Agree): As stated in our response to the 2014-15 Santa Cruz County Civil Grand Jury Report, those obligations are detailed in the Comprehensive Annual Financial Report (CAFR) and reporting is in accordance with standards set by the Governmental Accounting Standards Board (GASB). It is correct that the County does not provide the information in the format suggested by the Grand Jury. GASB is used as our reporting format.
Related Recommendations (1)
R1
Page 4
provide an annual summary of all retirement costs and obligations starting in FY 2016/17. HAS BEEN IMPLEMENTED - summarize what has been done X HAS NOT BEEN IMPLEMENTED BUT WILL BE IMPLEMENTED IN THE FUTURE - summarize what will be done and the timeframe __ REQUIRES FURTHER ANALYSIS – explain scope and timeframe (not to exceed six months) __ WILL NOT BE IMPLEMENTED – explain why Response explanation, summary, and timeframe: Beginning in 2016/17, a summary of County retirement costs and obligations will be provided as part of the Comprehensive Annual Financial Report (CAFR) prepared by the Auditor-Controller-Treasurer-Tax Collector. While that information is included in various locations throughout the CAFR, a summary chart, including pension, Social Security and Other Post-Employment Benefits costs and obligations, will be included in the Management Discussion and Analysis section of the 2016/17 CAFR.
* This report's PDF did not contain easily extractable text and required Optical Character Recognition (OCR) for analysis. There may be minor errors in the extracted findings and recommendations due to OCR limitations with scanned documents.