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County treasurer outlines $16 billion portfolio, explains audit limits and fraud‑prevention tools
Summary
San Bernardino County Auditor‑Controller‑Treasurer Ensign Mason briefed the county board on treasury operations, a new treasury portal and fraud‑warning tools, and clarified that his office cannot unilaterally audit the county board of education; board members pressed for greater transparency around payment‑processing audits.
San Bernardino County Auditor‑Controller‑Treasurer Ensign Mason told the county board that his office manages a roughly $16 billion investment portfolio that includes about half of the funds deposited by schools and school districts and yields interest that the county uses to support county services.
Mason described new public tools on the office website — including a treasury portal that lets school districts notify the treasury of large cash movements, an interactive “where do my property tax dollars go?” feature, and an early fraud‑warning form developed with Wells Fargo — and said those features are designed to increase transparency and reduce the risk of vendor‑payment scams.
“We put everything out there that can possibly be put out there…
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