NYC Government Publication
Audit Report on the Coney Island Development Corporation's Financial and Operating Practices and Its Compliance with Its EDC Funding Agreement (FM11-070A)
An audit report was filed on November 7, 2011 on the Coney Island Development Corporation's (CIDC) financial and operating practices and its compliance with its EDC funding agreement. This audit determined whether CIDC accurately accounted for program funds and conducted its economic activities in accordance with the funding agreement. It was determined that EDC properly accounted for CIDC's revenues and expenses and conducted economic activities in accordance with the funding agreement. However, it was found that EDC paid $20,856 in inappropriate or questionable expenditures and could enhance the controls over CIDC's operations to ensure that all transactions are properly authorized and processed in accordance with procedures. Recommendations were made to rectify these issues.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2011-11-07
Items
| Thumbnail | Title | Date Uploaded | Actions |
|---|---|---|---|
|
5114_Audit_Report_on_the_Coney_Island_Development_Corporation_s_Financial_and_Operating_Practices_and_Its_Compliance_with_Its_EDC_Funding_Agreement.pdf | 2020-05-08 | Download |