Roosevelt Island Operating Corporation

Controls Over Equipment and Vehicles

Roosevelt Island Operating Corporation is responsible for the development, operation, security and maintenance of a planned community on Roosevelt Island, which is located in the East River in New York City. We identified a number of weaknesses in the Corporationís controls over its equipment and vehicles. In particular, the Corporation was not performing periodic physical inventories to account for the items and update its inventory records, and the records themselves were outdated and incomplete. Corporation policies also did not provide sufficient guidance to staff on how to maintain proper controls and inventory records. We recommended that certain actions be taken to strengthen the controls over the Corporationís equipment and vehicles.

For a complete copy of Report 2007-S-13 click here.
For a copy of the 90-day response click here.
For a copy of the associated follow-up report click here.