Apache County June 30, 2003 Report Highlights-Single Audit

Apache CountyREPORT The County Treasurer NeedsHIGHLIGHTS To Improve its Controls OverSINGLE AUDITCash and InvestmentsSubjectThe County isresponsible for preparing The primary responsibility of the County The following steps can help the Treasurer’sfinancial statements, Treasurer’s Office is to manage public and Office establish a control environment andmaintaining strongtrust monies of the County and related control procedures to safeguard its cashinternal controls, andpublic subdivisions. As of June 30, 2003, and investments:demonstratingaccountability for its use the Treasurer’s Office held over $111of public monies. As the • Implement prior audit recommendations.million in these public monies. A breakoutauditors, our job is to • Develop comprehensive written policiesof the Treasurer’s cash and investmentsdetermine whether the and procedures.for June 30, 2003, is presented in theCounty has met its • Clearly define and separate keyfigure to the right.responsibilities. responsibilities among employees.• Implement existing policies andOur Conclusion Our report indicates that the Treasurer’s procedures to help ensure accountingOffice has not established an adequate records’ accuracy.The information in thecontrol environment or effective controlfinancial statements is • Maintain computer system data andprocedures, and has not adequatelyfairly stated in all information in sufficient detail to identifymaterial respects and protected these monies from ...