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Audit finds EDD monitoring of Greater SATX but gaps in performance-metric documentation
Summary
An internal audit of the Greater SATX service agreement found the Economic Development Department is monitoring the agreement, but auditors said documentation was insufficient to validate performance metrics. Staff told the committee they have begun in-person file reviews and will formalize procedures to validate reported metrics.
The City of San Antonio Audit Committee accepted an internal audit report on the Greater SATX service agreement at its Nov. 5 meeting.
Michael GutiE9rrez, the project manager who presented the audit, said auditors concluded the Economic Development Department (EDD) is monitoring the contract but that "there [was] insufficient documentation to support the performance metrics" reported by Greater SATX. Auditors recommended that EDD establish procedures to ensure supporting documentation is retained and to validate the metrics used to trigger payments or measure performance.
Brenda Hicks of the…
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