Mendocino County Grand Jury
• 2011-2012
• Agency Response
Response Form Grand Jury Report Title: a Report on the Teeter Plan Report Dated: March 21, 2012 Response Form Submitted*
⚠️ 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
F3
If the Bond Counsel so advises, the Board of Supervisors corrects the historical underpayment of interest to the Pool (Findings 7-11, 24-31). Treasurer-Tax Collector: As referenced in Recommendation 1, the recommendation to hire a Bond Counsel is not warranted and should not be implemented. The treasury pool correctly receives the interest apportionment rate on all accounts with a negative account balance, including the Teeter Plan debt. There has been no historical underpayment of interest to the treasury pool for the Board of Supervisors to correct; therefore, the
No recommendations for this finding
* 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.