Summary
We completed our assessment of implementation of the recommendations from our February 2016 audit of the Economy and Efficiency of Cash Management in the Government of Alberta.
We found that the Department of Treasury Board and Finance has implemented four recommendations, and there was a change in circumstance in another recommendation.
IMPLEMENTED Recommendation: Evaluate cash management for efficiency and economy
CHANGED CIRCUMSTANCE Recommendation: Develop policies to prevent early payment of grants and an accumulation of large cash balances
IMPLEMENTED Recommendation: Implement and use information technology to manage cash
IMPLEMENTED Recommendation: Use leading banking and related practices and evaluate cost benefits of bank accounts
IMPLEMENTED Recommendation: Improve policies for payments