NYC Government Publication

An audit report was filed on June 18, 2007 on the monitoring of franchise, concession, license and lease agreements by City agencies. The Comptroller's Office conducts audits of concession and franchise agreements granted by City agencies pursuant to its authority under the City Charter. These audits provide a snap shot to evaluate the performance of the entity over the scope period of the audit. It was determined that $23,804,840 million was still due the City. It was also concluded that the agencies do not adequately monitor the parties granted in their franchise and lease agreements, and lacked the appropriate attitude towards their role as the City's oversight body charged with monitoring the activities of the entities granted these agreements. Recommendations were made to rectify these issues.

Agency

• Comptroller (COMP)

Subject

• Finance and Budget

Report type

• Audit Report

Date published

• 2007-06-18

Items

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	4752_Audit_Report_on_the_Monitoring_of_Franchise__Concession__License_and_Lease_Agreements_by_City_Agencies.pdf	2020-05-08	Download