AUDIT COMMITTEE SUMMARY
April 17, 2018
Audit of Finance Donations & Miscellaneous Gifts
Report Issued February 8, 2018
Audit Objective
Determine if monitoring and accounting for donated funds is appropriate and in accordance with City policy.
Background
City departments often receive donations from organizations and individuals to support operations. Administrative Directive (AD) - 8.8 Donations & Contributions establishes standard procedures and guidelines for accepting donations and contributions and for appropriating expenditures funded by these revenue sources. AD 8.8 also defines roles and responsibilities that are to be followed by Central Finance and by City departments.
Audit Scope & Methodology
The audit scope covered donation (unrestricted) and contribution (restricted) revenue and expense transactions from October 2015 to June 2017.
We tested revenue and expenses from five City Departments (Parks & Recreation, Department of Human Services, San Antonio Public Library, San Antonio Police Department, and Animal Care Services) based on the highest dollar amount of combined restricted and unrestricted revenues for the audit time frame.
Audit Conclusions
The Finance Department has controls in place to manage donated funds in accordance with AD 8.8 - Donations & Contributions.
As we had no findings, we made no recommendations for this audit.