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TO: |
Audit Committee |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Mike Hurst, Director Internal Audit |
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PRESENTER(S): |
Mike Hurst, Director Internal Audit |
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David Hancock, Chief Capital Services Officer |
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Dan Hofer, Director of Capital Program and Support |
TITLE:
title
Construction Cost Audit Report (24-02)
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion.
BACKGROUND:
The 2024 Internal Audit Plan included audit engagement 24-02 Construction Cost. The project was initially conceived to be a more encompassing audit of construction contractor performance but in researching and planning, Internal Audit determined that a focus on the vendor HNTB would add the most immediate value.
The objectives of the audit were to review the invoicing and approval process, the extent that UTA relies on HNTB consultants as opposed to full-time employees, and identifying costs charged to UTA that are prohibited by federal regulation.
DISCUSSION:
Internal Audit will report on observations and recommendations from the audit.
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
Not applicable
ATTACHMENTS:
24 - 02 Construction Cost (HNTB Contract) Audit Report