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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