Audit of the Office of D.C. Pensions' Treasury Reconciliation Report for the Period October 1, 1997 through December 31, 2007. Audit Report.

摘要

We are pleased to transmit the attached audited Office of D.C. Pension’s (ODCP) Treasury Reconciliation Report. Under a contract issued by ODCP, Lani Eko & Company, CPAs, PLLC (Lani Eko), an independent certified public accounting firm, performed an audit of the Treasury Reconciliation Report for the period October 1997, through December 31, 2007. The contract required that the audit be performed in accordance with generally accepted government auditing standards. In its audit, Lani Eko found that the Treasury Reconciliation Report presented fairly, in all material respects, the total District benefit payments, the amounts paid by D.C.Retirement Board (DCRB) for estimated District benefit payments, and the amount due from DCRB to Treasury for District benefit payments for the period October 1, 1997, through December 31, 2007, in conformity with the cash basis of accounting and requirements of the Balanced Budget Act of 1997, as amended and as applicable; governing agreements between the ODCP, the District of Columbia government, and the DCRB; and Department of the Treasury regulations published in 31 CFR Part 29, Subpart C-Split Benefits. Lani Eko did not identify any matters in internal control over financial reporting that were considered material weaknesses. Further, Lani Eko found no instances of reportable noncompliance with laws and regulations tested. The Treasury Reconciliation Report reported that the total amount due from DCRB to Treasury for District Benefit Payments for the period October 1, 1997, through December 31, 2007, is approximately $31 million. We recommend that ODCP take action to collect the amount due from DCRB within 1 year in accordance with the governing agreements between ODCP, the District of Columbia government and the DCRB. Please be advised that this report and the related recommendation and questioned cost will be tracked in the Department’s Joint Audit Management Enterprise System (JAMES)