NYC Government Publication
Audit Report on the Administration of Public Purpose Funds by the New York City Economic Development Corporation (FN11-077A)
From an audit conducted on the New York City Economic Development Corporation (NYCEDC), it was found that the NYCEDC did not spend the public purpose funds that it acquired from the City. The failure to utilize these funds questions the original purpose of these funds. In addition, the Corporation failed to collect funds needed to further local community interests and did not adequately administer disbursements. Recommendations have been made to solve these issues.
- Agency
- Subject
- Report type
- Annual Report
- Date published
- 2011-09-21
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2361_Audit_Report_on_the_Administration_of_Public_Purpose_Funds_by_the_New_York_City_Economic_Development_Corporation.pdf | 2020-05-06 | Download |