Report 2014-135R Recommendation 10 Responses
Report 2014-135R: Magnolia Science Academies: Although the Financial Condition of These Charter Schools Has Improved, Their Financial Controls Still Need to Be Strengthened (Release Date: May 2015)
Recommendation #10 To: Magnolia Educational and Research Foundation
To hold its management accountable for meeting their responsibilities related to the payroll process, the Foundation should continue to implement its new desk procedures of requiring review and documentation of that review at each stage in the payroll process.
6-Month Agency Response
The organization has implemented the payroll desk procedure, and works with the back office service provider to ensure that all steps are followed on a bimonthly basis.
- Completion Date: October 2015
- Response Date: November 2015
California State Auditor's Assessment of 6-Month Status: Fully Implemented
60-Day Agency Response
As of June 30, 2015, the organization has implemented the payroll desk procedure, and is currently working with the back office service provider to ensure that the system is incorporated with the new process. The organization is currently drafting the new policies and procedures that will incorporate the new desk procedure to the new back office process.
- Estimated Completion Date: 07/30/2015
- Response Date: July 2015
California State Auditor's Assessment of 60-Day Status: Pending
Agency responses received are posted verbatim.