NYC Government Publication
Audit Report on the Administration of the Sales of Surplus City-owned Real Estate Properties by the Department of Citywide Administrative Services (FN07-100A)
An audit report was filed on June 30, 2008 on the administration of the sales of surplus City-owned real estate properties by the Department of Citywide Administrative Services (DCAS). The audit evaluated the adequacy of DCAS practices for selling surplus City-owned real estate properties and whether the revenue generated from the sale of surplus City-owned real estate properties was properly collected and accurately reported. It was determined that DCAS properly collected and accurately reported revenue from the sale of surplus City-owned properties, and appropriately processed and approved all mortgage applications. However, DCAS practices of selling said properties, as well as its tracking of new property owners' information for the Department of Finance could be improved. Recommendations were made to rectify these issues.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2008-06-30
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6291_AUDIT_REPORT_ON_THE_ADMINISTRATION_OF_THE_SALES_OF_SURPLUS_CITY_OWNED_REAL_ESTATE_PROPERTIES_BY_THE_DEPARTMENT_OF_CITYWIDE_ADMINISTRATIVE_SERVICES.pdf | 2020-05-08 | Download |