TO:
Audit Committee
THROUGH:
Jay Fox, Executive Director
FROM:
Mike Hurst, Director Internal Audit
PRESENTER(S):
TITLE:
title
Real Estate and Transit Oriented Development Audit Report (R-24-03)
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion.
BACKGROUND:
Internal Audit conducted an audit of the Real Estate and Transit Oriented Development (“TOD) department as part of the 2024 Internal Audit Plan. The objective of the audit was to examine if accounting policies are followed in the sale and purchase of real estate, if records are properly maintained, if the role of the Board of Trustees with Real Estate and TOD is appropriate, and the sufficiency of project management of TOD projects.
DISCUSSION:
Internal Audit will report on observations and recommendations from the audit.
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
ATTACHMENTS:
R-24-03 Real Estate and Transit Oriented Development Audit