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Commission authorizes five auditing‑services contracts to strengthen revenue and concession oversight
Summary
The commission approved five auditing-services contracts (initial five-year term with up to two one‑year extensions) not to exceed $1.6 million to audit concession agreements and revenue-generating contracts; staff will manage the contracts through annual risk assessments and scopes of work.
The commission voted unanimously to authorize five auditing-services contracts to support fiscal and operational oversight of concession agreements and other revenue-generating contracts at the airport. The authorization covers an initial five-year term with up to two one‑year extension options and a not-to-exceed amount of $1,600,000; $200,000 of funding was reported as available in the current operating budget and remaining work will be contingent on future budget appropriations.
Deputy chief of finance Anupa Karpore said it is best practice for a large hub airport to engage professional audit firms for concession and contract audits, and she named Aoife Longmore as the airport financial manager who will lead contract management. The staff described a process in which the airport will perform an annual risk assessment, prepare scopes of work and have the contracted firms respond to individual audit projects, functioning similarly to a rotation or on-call bench for audit services.
The staff reported there were 11 proposals and five firms were selected; the solicitation review followed the city’s minority- and women-owned business procurement chapter and staff said no subcontracting opportunities existed for the scopes required.
Why it matters: independent auditing of concession and revenue contracts supports fiduciary responsibility and may strengthen compliance and revenue recovery.
The commission approved the authorization and commended staff for a competitive solicitation.
