NYC Government Publication
Audit Report on the New York Yankees Rental Credits for the Third Quarter of 2007 (FR08-114A)
An audit report was filed on June 26, 2008 on the New York Yankees rental credits for the third quarter of 2007, the period from July 1 to September 30, 2007. The Yankees are responsible for the care and upkeep of the City-owned Yankee stadium, and must pay the City rental income. Any costs incurred by the Yankees for maintaining the stadium can be offset against rental income due the City. Every dollar spent and accounted for as a maintenance credit results in a dollar-for-dollar decrease in rent due the City. It was determined that Yankee rental credits for the third quarter of 2007 were overstated by $73,838.45. It was recommended that the Yankees deduct this amount from total rental credits taken for maintenance and adjust its system for submitting rental credits. Department of Parks was recommended to enforce these recommendations.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2008-06-30