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Implementing Monitoring and Oversight <br /> <br />Condition and Cause <br />Receipts and daily deposits posted in PUBS were not reviewed for accuracy. <br /> <br />Effect of the Condition <br />The lack of oversight made the reconciliation of deposits difficult to monitor. <br /> <br />Recommendation 2 <br />"We recommend the Department of Water Supply management perform ongoing monitoring of <br />their internal control system as part of the normal course of operations. Ongoing monitoring <br />includes regular management and supervisory activities, daily reconciliation of adjustments and <br />cash receipts, and other routine actions. <br /> <br />Department Action <br />To meet this recommendation, DWS implemented: <br /> • Daily reconciliation of cash receipts and bank deposits <br /> • End-of-the-month reconciliation of journal entries to the general ledger and bank <br /> statements <br /> • Scheduled surprise cash counts <br /> • Monitoring and investigating variances <br /> <br />Audit Activity <br />To verify status, we conducted site visits to observe monitoring and oversight practices, including <br />reconciliations between cash receipts, bank deposits and statements, adjustments, and various <br />tracking reports, corroborated with staff, and found no exceptions. <br /> <br />Status: Implemented <br /> <br /> <br />9 Status of Recommendations <br />