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Feather River College auditors flag repeat treasury processing problems; college urges county oversight
Summary
Feather River College Superintendent/President Kevin Trena told the Board that external auditors issued two repeat findings tied to the county treasury: late apportionment of investment interest and delayed remittance of payroll taxes, which caused penalties and forfeited credits; FRC urged a county investment policy and a Treasury Oversight Committee.
Kevin Trena, superintendent/president of Feather River College, told the Plumas County Board of Supervisors that external auditors issued two repeat findings implicating the county treasury’s processing.
“This is the second year of these repeat findings,” Trena said, describing (1) late apportionment of quarterly investment interest that arrived after the college closed its books and (2) instances in which unemployment taxes and IRS…
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