Audit Committee Briefing
on
TKW Performance Audit
Audit Committee Mtg
2/2/10
TKW PA
Brief Background
- Talbot, Korvola & Warwick along with two other sub
consultants (TKW) performed a very limited audit in
May, 2007.
- Looked at 2 areas
1) Project Delivery Costs
2) Small Business Initiative
- With respect to the Project Delivery Costs, the
following is a brief summary:
TKW PA
Brief Summary
- The soft costs as compared to other similar public and
private organizations generally reside within the avg
percentages.
- The direct construction costs are not tracked consistently
and are not easily compared to other organizations.
- Thus, there were 21 Recommendations
1) Project Delivery; 1 thru 11 for a total
of 37 action items
2) Small Business Initiative; 12 thru 21 for a
total of 29 action items
TKW PA
Presentation today will cover the 37 Action
Items associated with Recommendations
1 thru 11
- You have received a final report with the action
item forms and respective attachments for
your review and comments.
- You have also been given the original spread
sheets which identified the action items;
the team and team leader for each; and
a schedule of completion as part of the final
report.
TKW PA
- The final report reflects the completion of all
of the items including those deferred due to
finalization of the SAO Performance Audit or
in conjunction with other on going initiatives
in the CDD.
- It should be noted that the CDD Directors
have reviewed and approved all of the
action items.  This was an iterative process
with the action item leaders and their teams.
TKW PA
- Note: even though we bring closure to
each of the specific action items for purposes
of the TKW PA, the process carries forward
indefinitely.
TKW PA
I would be happy to take any questions ?

I would like to thank all of the CDD staff
indicated on the summary spread sheets
for their efforts.