The Community and Economic Development Committee on [date not specified] accepted the Office of the City Auditor’s annual performance audit of Team San Jose for fiscal year 2024–25, which found the organization met its weighted incentive fee targets and several individual performance goals.

Auditor Joe, joined by Adrian Perez, said Team San Jose exceeded targets in multiple areas: it booked 133,500 hotel room nights (the target was 117,000), produced an estimated economic impact near $95,000,000 (target ≈ $78,000,000), hosted 540 event days at cultural facilities with occupancy nearing 97 percent, and recorded customer satisfaction ratings above target. Because the audit identified no corrective recommendations, the report contains no written management response, the auditor said.

Council members responded positively. A council liaison who identified themself as a founding board member and the council’s liaison to Team San Jose praised the organization’s recovery since earlier concerns and moved to accept the audit, asking to cross‑reference the item to the January council meeting. Council Member Kamay thanked staff and urged more stretching of future performance goals as the city approaches its 250th anniversary.

The committee voted to accept the audit report; Chair Foley called the motion carried. The auditor said the performance‑based fee of $300,000 is payable under the management agreement because the targets were met.

The audit and the committee discussion do not change the underlying management agreement terms; staff noted Team San Jose will present its own annual report to the CED committee at a later meeting. The committee did not direct further action in this session.

The audit presentation and vote were procedural steps to transmit the auditor’s finding and accept the report for cross‑reference on the council agenda. The next step referenced in the meeting was Team San Jose’s scheduled presentation to the CED committee at its next annual report slot.