From an audit conducted on P&O Ports North America, Inc. (P&O), it was found that P&O made improper calculations and underpaid its fees to the Economic Development Corporation (EDC) and the City. However, P&O complied with the other major requirements of its agreement with the EDC, such as properly charging EDC the repair and security-service expenses. Recommendations have been made to address the negative findings.
The Environmental Control Board is an administrative tibunal that provides hearings on notices of violations, which are written legal noticies that charge the recipient with violating City laws. This audit determines whether the Notice of Violation data in the Environmental Control Board were accurate and reliable.
The Department of Citywide Administrative Services has a lease agreement with the Quinn Restaurant Corporation to construct, operate, and maintain a restaurant on the Nott Avenue Pier. This audit determines whether the Corporation accurately reported its gross receipts, calculated the rent due to the City and paid rent in a timely basis, and followed with the requirements of its lease agreement.
The New York Yankees and the Department of Parks and Recreation entered a lease agreement for the use of Yankee Stadium. This audit determines whether the Yankees accurately reported their gross receipts, paid fees due to the City in a timely manner, and followed with the requirements of its lease agreement.
The New York Yankees and the Department of Parks and Recreation entered a lease agreement for the use of Yankee Stadium. Under this lease, they were required to care for Yankee Stadium and are required to notify the Comptroller's Office of all claimed maintenance credits. This audit determines whether they followed with the requirements of the lease agreement.