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California State Auditor Report Number : 2015-008

State of California
Statement of Securities Accountability of the State Treasurer’s Office December 31, 2014

July 23, 2015 2015-008

The Governor of California
The Honorable President pro Tempore of the Senate
The Honorable Speaker of the Assembly
State Capitol
Sacramento, California 95814

Dear Governor and Legislative Leaders:

The California State Auditor presents this examination report of the State Treasurer’s Office statement of securities accountability as of December 31, 2014.

The statement of securities accountability presents securities owned by or pledged to the State directly, and securities held for safekeeping. The State Treasurer’s Office is responsible for the safekeeping of all securities held in the treasury or other depositories. It is not responsible for securities owned by or pledged to the University of California, or for securities in other depositories owned by or pledged to the Public Employees’ Retirement System, the State Teachers’ Retirement System, the Legislators’ Retirement System, or the Judges’ Retirement System. The statement is prepared solely for purposes of accountability. The dollar amounts represent various values, including par value or face value, original principal value, and current outstanding principal balances. They do not represent cost or market value and should not be used to determine the value of investments owned by, or pledged to, the State. We found that the statement presents fairly the securities accountability of the State Treasurer’s Office as of December 31, 2014.

We conducted this examination to comply with the California Government Code, Section 13299.1.

Respectfully submitted,

Deputy State Auditor

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