12-14-2020 BPU RPT 10 - Laserfiche WebLink

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W A T E R ENERGY I LIFE RIVERSIDE PUBLIC UTILITIES Board Memorandum P U B I I C U I I I I I I F S BOARD OF PUBLIC UTILITIES DATE: DECEMBER 14, 2020 ITEM NO: 10 SUBJECT: ACTION PLAN UPDATE FOR THE FISCAL YEAR 2016 PERFORMANCE ASSESSMENT AND FINANCIAL EXPENDITURE AUDIT OF RIVERSIDE PUBLIC UTILITIES BY BAKER TILLY ISSUE: Recommend that the City Council receive and file an update on the action plan for the Public Utilities Department Fiscal Year 2016 Performance Assessment and Financial Expenditure Audit by Baker Tilly. RECOMMENDATION: That the Board of Public Utilities recommend that the City Council receive and file an update on the action plan for the Fiscal Year 2016 Performance Assessment and Financial Expenditure Audit of the Public Utilities Department performed by Baker Tilly. BACKGROUND: On July 25, 2016, the Board of Public Utilities (Board), with six members present, unanimously recommended that the City Council review the findings and recommendations of the Public Utilities Department Performance Audit and Financial Review of Expenditures (Audit) performed by Baker Tilly for the three-year period ending June 30, 2015, receive staff's initial assessment of the findings and recommendations, and direct staff to return in September 2016 with an Action Plan. On July 26, 2016, the City Council received the findings and recommendations of the Public Utilities' Audit, received the initial assessment of the findings and recommendations, and directed staff to return in September 2016 with an Action Plan. On September 26, 2016, the Board, with six members present, unanimously recommended that the City Council receive and provide input on the Action Plan to implement recommendations from the Audit, and direct staff to return in six months with a status update on the Action Plan. The Board also received and provided input on the Action Plan to implement recommendations from the Assessment and directed staff to return in six months with an update on the Action Plan. On October 25, 2016, the City Council received the Action Plan to implement recommendations from the recently presented Audit and directed staff to return in six months with a status update on the Action Plan.