Archives

Follow-Up Audit of the Financial and Operating Practices of the 47th Street Business Improvement District

Audit Impact Summary of Findings This follow-up audit found that the 47th Street Business Improvement District (BID) partially implemented nine recommendations and did not implement the remaining 14 recommendations. The audit also identified new governance and compliance issues that were... Read More

Apr 1, 2024

Analysis of the Financial and Operating Practices of Business Improvement Districts, Fiscal Year 2020

IMPACT OF ANALYSIS Summary of Conclusions This analysis of business improvement districts (BIDs) identified four financial matters, which potentially point to increased financial risks and may decrease the availability of services to districts. The analysis highlights: BIDs with recurring deficits... Read More

May 5, 2023