TITLE
Recommendation to receive and file audit report titled Citywide Parking Audit dated September 9, 2004, and refer the report to City Manager for implementation.
DISCUSSION
Attached you will find our audit report containing 72 recommendations relating to the City's parking operations and administration for garages, surface lots, and meters. The purpose of the audit was to evaluate the adequacy of existing policies and procedures and internal controls over operations. This audit encompassed 11 garages, 19 surface lots, and approximately 3,650 parking meters. Excluded from the audit were facilities falling under a ground lease (i.e., the Queen Mary Lease), the Pike facilities, which were not operational during fiscal year 2003, and the Airport facilities, which were subject to a separate report dated August 19, 2003.
During our audit, we were asked by the Community Development Department to compile a consolidated schedule of revenue and expenses for all downtown parking in order to determine level of profit or loss resulting from such operations. This was done and is included in the report.
TIMING CONSIDERATIONS
[Timing Considerations]
FISCAL IMPACT
[Fiscal Impact]
SUGGESTED ACTION
Approve recommendation.
BODY
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Respectfully Submitted,
[Respectfully Submitted,]