New York City Convention Center Operating Corporation

Equipment Control Practices

We examined equipment controls and security at the Jacob K.Javits Convention Center and found that improvements were needed.Perpetual inventory records were not maintained, periodic physical inventory counts were not made, and most items were not properly identified as Corporation property. We identified equipment valued at more than $115,000 that could not be accounted for. We also noted that only 16 of the 80 closed-circuit video cameras recommended by a security plan had been installed at the Center. Over athree-year period, more than $2 million in exhibitor merchandise was reported stolen. We made several recommendations for improving the inventory and security practices at the Center. 94-S-20