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Audit finds EDD monitors Greater SATX contract but calls for stronger validation of performance metrics
Summary
The Audit Committee on Nov. 5 accepted the Office of the City Auditor's report (AU-25-013) finding the Economic Development Department is monitoring the City's service agreement with Greater SATX but needs stronger validation of performance metrics.
The Audit Committee on Nov. 5 accepted the Office of the City Auditor's report (AU-25-013) on the Economic Development Department's service agreement with Greater SATX, finding EDD is monitoring contract terms but must improve validation of performance metrics.
Audit manager Michael Gutierrez said, "We concluded EDD is appropriately monitoring the agreements. However, there is a need for improvement on the validation of performance metrics provided by Greater SA," citing insufficient documentation support.
Why it matters: The audit identifies a control gap where Greater SATX provides quarterly numbers (job counts and capital expenditures) that EDD relies on to calculate payments. Without consistent…
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