Public Comments Public comments may be submitted pursuant to the instructions noticed in the meeting agenda, which will be available at least 72 hours prior to the meeting.
Live and Archived Audio NEW: Listen to the live and recorded Board and Committee meetings in the "Video/Audio" column below.
Subject
title
Real Estate Administration, Internal Audit Report No. 25-506
overview
Overview
The Internal Audit Department of the Orange County Transportation Authority has completed an audit of real estate administration. Based on the audit, controls over real estate administration could be improved. Five recommendations have been made to develop procedures for implementing fair market adjustments, improve documentation of approval for negotiated lease rates, document reviews of insurance requirements, develop procedures for periodic inspection of leased properties, and to implement procedures for collection of late payment fees.
recommendation
Recommendation(s)
Direct staff to implement five recommendations provided in Real Estate Administration, Internal Audit Report No. 25-506.