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Transcripts For SFGTV 20141116

Process in relationship with the City Treasurers Office . With the City Treasurers Office in regards to our audit procedures we do confirm and evaluate the processes and the inter departmental processes. Overall i believe the process is in place and followed by the system, set by the city and county and we have looked at that, we also confirm the balances with them and evaluate the investment pools that the department, the system does rely and have on their Financial Statement captioned. Does that answer your question in yes. So you have looked at the general process . Yes. Thank you. Any other questions from commissioners in i know there were no adjustments for the materiality factor but were there any past adjustments or misstatements. No. Any other questions . Before we go to
Pamela Levin , City Treasurers Office , Treasurers Office , City County , Financial Statement , Public Comment , High Level , Financial Report , Available Office , Fiscal Years , Employer Group , Employer Group Waiver , Employer Group Waiver Program , Group Waiver , Waiver Program , Program Medicare , Medicare Pharmacy , Blue Shield , Retirement Insurance Program , Insurance Program , Million Associated , Interest Income , Million Dollars , Fiscal Year , Net Assets , June July ,

Transcripts For SFGTV 20141117

Overall i believe the process is in place and followed by the system, set by the city and county and we have looked at that, we also confirm the balances with them and evaluate the investment pools that the department, the system does rely and have on their Financial Statement captioned. Does that answer your question in yes. So you have looked at the general process . Yes. Thank you. Any other questions from commissioners in i know there were no adjustments for the materiality factor but were there any past adjustments or misstatements. No. Any other questions . Before we go to Public Comment, i would like to thank you for submitting a clean audit. Many years ago we did not have a clean audit. Thank you very much. Congratulations. Any is there any additional Public Comment . Seeing none,
Pamela Levin , City County , Financial Statement , Public Comment , High Level , Financial Report , Available Office , Fiscal Years , Employer Group , Employer Group Waiver , Employer Group Waiver Program , Group Waiver , Waiver Program , Program Medicare , Medicare Pharmacy , Blue Shield , Retirement Insurance Program , Insurance Program , Million Associated , Interest Income , Million Dollars , Fiscal Year , Net Assets , June July , Data Base , Amount Fund ,

Transcripts For SFGTV 20141115

With a publically traded company we design based on understanding of the trust as to the absence of the material in the statement in the Financial Statement and this means that we develop an audit performance materiality and we audit to that threshold so we sample transactions and analytically test accounts so we do not test all transactions. We also perform a systems compliance with regulation with laws and contracts only to the level that can have a direct material effect on the Financial Statement and last well pine on the Financial Statement and compliance based on audit results as indicated earlier. We had two clean opinions. Okay we communicate significant accounts that require judgments or estimates. We consider these areas higher inherent risk because of the significance to the
Pamela Levin , Company Design , Understanding Trust , Financial Statement , Statement Last , Health Plan , Accounting Department , Pamela Team , Team Getting , Knowledge Management , City County , Test Design , City Treasurers Office , Treasurers Office , Public Comment , High Level , Financial Report , Available Office , Fiscal Years , Employer Group , Employer Group Waiver , Employer Group Waiver Program , Group Waiver , Waiver Program , Program Medicare , Medicare Pharmacy ,

Transcripts For SFGTV 20141113

Actionary analysis for debts incurred but not reported. Our audit consist of our own actuaries analysis reviewing the method and data and as far as the audit procedure we test the underlying data that both actuaries reviewed and were reasonable and fall within the range allowable understand the standards. In terms of the audit adjustments, overall noting the department does have the materially clean and reconciled books. We have no disagreement or difficulties with management. The finance and Accounting Department were prompt with request and had knowledgeable staff and complied with all of our audit request and we appreciate the assistance of pamela and her team of getting the audit completed on time for the citys requirement. In regards to no consultation with other accountants. We note to the board that to the best of our knowledge that management has not consulted due to management not agreeing with our analysis or inte ....

Pamela Levin , Accounting Department , Pamela Team , Team Getting , Knowledge Management , City County , Financial Statement , Test Design , City Treasurers Office , Treasurers Office , Public Comment , High Level , Financial Report , Available Office , Fiscal Years , Employer Group , Employer Group Waiver , Employer Group Waiver Program , Group Waiver , Waiver Program , Program Medicare , Medicare Pharmacy , Blue Shield , Retirement Insurance Program , Insurance Program , Million Associated ,