Attachment BHICC 90-day Follow-up 7-7-09 PPT for Audit Meeting held Jul 07, 2009 1:00PM at Pier 69

BHICC 90-day Follow-up 7-7-09 PPT

90-day Follow-up to
BHICC Internal Audit
Real Estate Division
July 7, 2009

a. Monitoring of Compensation

Management Action-
Bonus compensation plan will be reviewed and
approved during budget process

b. Cost Allocation Methodology

Management Action-
Cost allocation will be reviewed and approved
during budget process

c. Improper Advance of Public Funds

Management Action-
By end of 2006, procedures in place to tighten
controls. Only invoices directly related to
facility will be paid

d. Improper Classification of Expenses

Management Action-
Ensure that accounting transactions in
accordance with Port policy

e. Related-Party Sales Activity

Management Action-
Expanded monthly reporting to include "relatedparty"
activity, if any occurred

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