COMMITTEE AGENDA MEMORANDUM
Board Audit Committee
SUBJECT:
title
Discuss and Approve for Issuance the Preliminary Draft of the Real Estate Services Audit Report for Formal Comment.
End
RECOMMENDATION:
Recommendation
A. Discuss the preliminary draft of the Real Estate Services Audit Report
B. Approve for issuance the preliminary draft of the Real Estate Services Audit Report for formal comment.
Body
SUMMARY:
On February 26, 2019, the Board approved the recommendation by the Board Audit Committee (Committee) for TAP International, Inc. (TAP) to conduct three performance audits recommended by the Board Audit Committee. The three audits include performance audits of the District Counsel’s office, Construction Contract Change Order management processes, and Real Estate services.
An amendment to the Board independent auditing services agreement was initiated to increase the not-to-exceed amount from $405,000 to $1,005,000 to complete all three proposed audits and approximately three additional future audits. On June 7, 2019, the amendment was completed, therefore, TAP initiated the performance audits of the District Counsel’s office and Real Estate services.
Following initiation of the audits, the Committee shall discuss the status of on-going audits until the audits are completed.
ATTACHMENTS:
Attachment 1: Preliminary Draft Real Estate Services Audit Presentation
Attachment 2: Preliminary Draft Real Estate Services Audit Report
UNCLASSIFIED MANAGER:
Manager
Darin Taylor, 408-630-3068