Report 2012-117 Recommendation 25 Responses

Report 2012-117: State Athletic Commission: Its Ongoing Administrative Struggles Call Its Future Into Question (Release Date: March 2013)

Recommendation #25 To: Athletic Commission, State

To operate the pension plan effectively and maximize boxers' benefits, the commission should create policies and procedures for its administration to ensure that it transfers funds on a regular basis from the pension fund's state account into its investment account.

Annual Follow-Up Agency Response From October 2016

The Commission has created a policy and procedure for inclusion in the Administrative Manual for moving money to and from the Pension Investment Account.

  • Completion Date: October 2016

California State Auditor's Assessment of Annual Follow-Up Status: Fully Implemented

The commission created and provided policies and procedures related to transferring funds on a regular basis from the pension fund's state account into its investment account.


Annual Follow-Up Agency Response From September 2015

The Commission's Executive Officer is working closely with the Department of Consumer Affairs' Budget Office to create a procedure to transfer funds from the pension fund's state account into its investment account.

  • Estimated Completion Date: 12/01/2015

California State Auditor's Assessment of Annual Follow-Up Status: Not Fully Implemented


Annual Follow-Up Agency Response From September 2014

This recommendation is being performed by not moving more money than is being distributed from the investment account to the SMIF account.

  • Completion Date: June 2014

California State Auditor's Assessment of Annual Follow-Up Status: No Action Taken

The commission did not provide amended policies and procedures as we recommended. Furthermore, the commission's policies and procedures need to ensure that commission staff make transfers from the state account to the investment account.

  • Auditee did not substantiate its claim of full implementation

1-Year Agency Response

The Athletic Commission is currently drafting an Initial Statement of Reasons (ISR) for pension regulation changes. Once the regulations are in place, and the ISR finalized, the Athletic Commission will complete policies and procedures for its administration.

  • Estimated Completion Date: 1/1/2015
  • Response Date: April 2014

California State Auditor's Assessment of 1-Year Status: Pending


6-Month Agency Response

Update: We have made more progress toward the development of this policy, but it is still in the creation phase.

  • Estimated Completion Date: Feb 1, 2014
  • Response Date: September 2013

California State Auditor's Assessment of 6-Month Status: Pending


60-Day Agency Response

The Commission has yet to formalize this process. Further evaluation of distributions is in progress in order to determine a formal policy. The commission expects to have a policy developed by its six month response.

  • Response Date: March 2013

California State Auditor's Assessment of 60-Day Status: Pending


All Recommendations in 2012-117

Agency responses received after June 2013 are posted verbatim.


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