State Association of County Auditors Conference
Policy & Interpretations (P & I) Committee
Six Month Update - October 2012
The P&I Committee held a teleconference, one meeting and numerous emails during this
reporting period:

July 17,2012

October 23, 2012
Membership of the Committee is as follows:
NAME
COUNTY / OFFICE
NAME
COUNTY / OFFICE
Phyllis Taynton
Chair – Solano County
Alan Minato
Santa Clara County
Peggy Scroggins
Colusa County
Donna Dunk
Sonoma County
John Naimo
Los Angeles County
Bob Minahen
Napa County
Anita Dagan
State Controller’s Office
Mark Cousineau
San Bernardino County
Jim Reisinger
State Controller’s Office
Jim Erb
San Luis Obispo
Carol Dirksen
State Controller’s Office
Julie Hagen
Santa Barbara County
Kristain Heston
State Controller’s Office
Vicki Crow
Chair – Accounting Standards
Fresno County AuditorController/Treasurer-Tax
Collector
Membership Turnover:
Bob Minahen, Napa County Asst. Auditor-Controller, joined us in September to fill the vacancy
created by Nerahoo Hemraj, Monterey County, who was reassigned due to other priorities.
Jim Erb, Asst. Auditor-Controller, San Luis Obispo County, announced that he will resign his
position at the end of the year. Jim was recently promoted to Auditor-Controller to fill the
vacancy created by Gere Sibbach’s retirement at the end of the year. Jim has staff that he would
like to replace him on the Committee.
Activities of the Committee:
During the six months, the P&I Committee was not very active. The GASB did not issue many
due process documents during this time. However, there we did respond to the following is a
list of the documents we responded to:
1.
Exposure Draft: Accounting and Reporting of Nonexchange Financial Guarantee
Transactions
2.
Teleconference with P&I members, 7 Member Advisory Committee, 10 Member
Advisory Committee Chair, Leg Committee Chair, SACA President to discuss
Update from Policy & Interpretations (P & I) Committee – October 2012
accounting and reporting of Successor Agencies. Specifically, the procedures for the
SCO Financial Transactions Reports and Successor Agencies.
After discussions, teleconference participants concurred that Successor Agencies were impacted
by AB 1484’s new “separate public entity” language only in a legal sense, but would not impact the
original guidance provided in the white paper on the accounting and reporting for Successor
Agencies due to their legislatively mandated and limited operational scope to strictly wind down
activities and pay down now dissolved redevelopment agency debt, essentially operating in a
custodial capacity. It was further proposed the Successor Agency should report as originally
recommended as an expendable Private Purpose Trust Fund in a county or city’s CAFR. Since
including the Successor Agency Trust Fund data in the SCO FTR’s would not be extractable and
rather would be “lumped” in with other fiduciary fund data due to reporting system limitations, it was
proposed the Successor Agency data not be incorporated into the SCO FTR’s as there would be
no value added and would skew the data if anything.
Upon further discussion, the State Controller’s Office concurs with the above assessment
and will request that local governments NOT include ANY Successor Agency data in the
SCO FTR’s. Therefore, Redevelopment Property Tax Trust Funds (RPTTF) as an Agency
Fund of the County, Successor Agency balance sheet information, operations activity, etc.
should NOT be reported in SCO’s reports.
We were unable to response to the following due to resource availability:
 Exposure Draft on Government Combinations and Disposals of Government
Operations (comment deadline: June 15, 2012).
Items discussed at this morning’s meeting:
2011 Realignment
OSHPD – reporting for hospitals
Prop 172 – changing the allocation for Public Safety due to new agency
County Auditors Conference
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