This audit determines whether the Staten Island Yankees paid the NYC Economic Development Corporation the rent in accordance with lease provisions and whether the payments were paid on time. The audit finds that they maintained the required property and liability insurance but did not determine whether they owed the Corporation for rent due to weaknesses in their records.
This follow-up audit determines whether the Office of Actuary has implemented the 6 recommendations presented in a previous audit, Audit Report on the Financial Practices of the Office of the Actuary.
From an audit conducted on the New York City Marketing Development Corporation, it was found that the Corporation accurately reported revenue and expenses. However, proper payments still need to be made and funds need to be reported with formal procedures. Recommendations have been made to rectify these issues.
From an audit conducted on the Department of Education (DOE), it was found that the DOE is adequately administering the high school admissions process. However, the training of middle school guidance counselors can be improved, as there are weaknesses in their role in the process. Recommendations have been made to rectify these issues.
From a follow-up audit conducted on the Department of Buildings (DOB), it was found that the DOB did not implement a majority of the recommendations given to them. They have not improved their security and continue to lack a backup generator and efficient procedures. Recommendations have been made to address these issues.