The audit’s objectives were to determine whether revenues and expenses are recorded accurately, and

The City of New YorkOffice of the ComptrollerBureau of Financial AuditWILLIAM C. THOMPSON, JR.ComptrollerAudit Report on theFinancial and Operating Practices ofthe Children of Bellevue, Inc.FM01-195AApril 17, 2002The City of New YorkOffice of the ComptrollerBureau of Financial AuditAudit Report on theFinancial and Operating Practicesof the Children of Bellevue, Inc.FM01-195AEXECUTIVE SUMMARYThe Children of Bellevue, Inc., is a nonprofit organization that initiates,develops, and funds special programs and acts as an advocate for children and theirfamilies within the Bellevue Hospital Center. The Children of Bellevue is subject tothe rules and regulations adopted by the New York City Health and HospitalsCorporation (HHC). HHC rules governing the Children of Bellevue includeOperating Procedure No. 10-20, issued in July 1987, that sets forth the proceduresand regulations that must be followed by HHC “Auxiliary Organizations.” Forpurposes of this report, we refer to the Children of Bellevue as the “Auxiliary.”Among the services sponsored by the Auxiliary are a child protection anddevelopment center, which seeks to minimize the trauma of child abuse, and anearly literacy program. The Auxiliary sponsors fund-raising events and solicitsdonations to support its activities from individuals, corporations, foundations, andgovernment agencies. The Auxiliary also generates income from investments andfrom interest received on bank deposits. In calendar ...