DEPARTMENT OF THE TREASURY DIVISION OF …
DEPARTMENT OF THE TREASURY
DIVISION OF UNCLAIMED PROPERTY
JULY 2019
PERFORMANCE AUDIT
THE MISSION OF THE OFFICE OF THE STATE AUDITOR IS TO IMPROVE GOVERNMENT FOR THE PEOPLE OF COLORADO
LEGISLATIVE AUDIT COMMITTEE
Senator Nancy Todd ? Chair
Representative Lori Saine ? Vice-Chair
Representative Rod Bockenfeld Senator Rhonda Fields Representative Tracy Kraft-Tharp
Senator Paul Lundeen Representative Dafna Michaelson Jenet Senator Jim Smallwood
OFFICE OF THE STATE AUDITOR
Dianne E. Ray
Kerri Hunter
Brad Walcher
Ferminia Hebert
Madeline Beasley Joy Helm Brayan Velazquez-Maldonado Erica Walton
State Auditor Deputy State Auditor Audit Manager Team Leader Auditors
AN ELECTRONIC VERSION OF THIS REPORT IS AVAILABLE AT WWW.AUDITOR
A BOUND REPORT MAY BE OBTAINED BY CALLING THE OFFICE OF THE STATE AUDITOR 303.869.2800
PLEASE REFER TO REPORT NUMBER 1811P WHEN REQUESTING THIS REPORT
OFFICE
OF THE STATE AUDITOR
July 15, 2019
DIANNE E. RAY, CPA ----
STATE AUDITOR
Members of the Legislative Audit Committee:
This report contains the results of a performance audit of the Department of the Treasury's Division of Unclaimed Property (Division). The audit was conducted pursuant to Section 2-3-103, C.R.S., which authorizes the State Auditor to conduct audits of all departments, institutions, and agencies of state government. The report presents our findings, conclusions, and recommendations, and the responses of the Division.
OFFICE OF THE STATE AUDITOR
1525 SHERMAN STREET 7TH FLOOR
DENVER, COLORADO 80203
303.869.2800
CONTENTS
Report Highlights
1
CHAPTER 1
OVERVIEW
3
Unclaimed Property Claims Process
5
Unclaimed Property Division
6
Offsets to an Unclaimed Property Claim
7
Financial Information
7
New Legislation
11
Audit Purpose, Scope, and Methodology
12
CHAPTER 2
UNCLAIMED PROPERTY
15
Claims Processing
15
RECOMMENDATION 1
23
Notification to Property Owners
25
RECOMMENDATION 2
32
Accepting, Safeguarding, and Selling Unclaimed Property
36
RECOMMENDATION 3
44
Accounting for Unclaimed Property Claims
48
RECOMMENDATION 4
52
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- 2009 unclaimed property annual reporting for 2008
- pennsylvania state treasury bureau of unclaimed property
- department of the treasury division of
- unclaimed property reporting are you in
- major classification cash and related
- pennsylvania unclaimed property annual
- registered property finders pennsylvania treasury
- unclaimed funds by county and region march 2020 region
- unclaimed funds procedures us
- commonwealth of pennsylvania treasury department
Related searches
- us department of the treasury fiscal service
- department of the treasury bureau of fiscal
- department of the treasury financial management service
- department of the treasury financial man
- department of the treasury fiscal service
- department of the treasury form 7600b
- department of the treasury address
- us department of the treasury birmingha
- department of the treasury letter
- department of the treasury website
- department of the treasury financial manual
- us department of the treasury fraud letters