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Local Government Property Insurance Fund

Report 09-6 | June 2009

SUMMARY

We provided unqualified opinions on the Fund’s financial statements for the fiscal years ended June 30, 2008, 2007, 2006, and 2005. We questioned the manner in which the Office charged its appropriations for the purchase of a new computer system and recommended consistent use of an approved methodology for charging costs, as well as close monitoring of the surplus balance, which was $36.7 million as of June 30, 2008.