Board Agenda - January 15, 2008
d. Disbursement Review Services
Presenter: Richard Matkin
Purpose: A - Request decision - closure required
Time: No time limit
Description:
The disbusement review will review and analyze accounts payable transactions including vendor invoices to determine if any overpayments and/or under deductions have been made which were not previously identified by the District. If any such items are identified, the firm conducting the disbursement review will develop a claim schedule and recovery collection process.
The management team responsible for Financial Services and more specifically Accounts Payable have no reason to expect a large recovery from this review.
Recommendation:
The Administration recommends the approval of the disbursement review for transactions relating to the fiscal period ended June 30, 2007 and prior.
Business Impact:
Fee for services will be a percentage of the recovered monies.
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