03-004 BRMC Audit Report4-last version

AUDIT OF BAYSHORE RESTAURANT MANAGEMENT CORPORATION D/B/A MONTY’S RESTAURANT FOR THE PERIOD OCTOBER 1, 2000, THROUGH SEPTEMBER 30, 2001. TABLE OF CONTENTS INTRODUCTION ....................................................................................................................... 1 SCOPE AND OBJECTIVES....................................................................................................... 3 METHODOLOGY ...................................................................................................................... 4 SUMMARY OF AUDIT FINDINGS.......................................................................................... 5 BAYSHORE RESTAURANT MANAGEMENT CORPORATION AND THE ECONOMIC DEVELOPMENT DEPARTMENT...................................................................5 UNTIMELY MONTHLY RENTAL PAYMENTS. ......................................................................................... 5 LACK OF CITY MANAGER’S APPROVAL OF THE OPERATION OF THE VALET PARKING OPERATION. ................................................................................................................................................... 6 LACK OF FORMAL WRITTEN AGREEMENT WITH MALL TENANTS.................................................. 7 BAYSHORE RESTAURANT MANAGEMENT CORPORATION AND THE ECONOMIC DEVELOPMENT DEPARTMENT................................................................................................. ...