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Audit

Audit

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Published by al_crespo

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Published by: al_crespo on Jul 14, 2012
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THEODOREP,GUi3A,CPA,CIA,CFE
INDEPENdENTAUDITORGENERAL
'Telephone:(305)416-2044
Telecopier:
(05)
416-2046
E~fV!ail:tguba,@}~iamigov.COrn
Date:July10,2012To:AliceBravo?P.E.,AssistantCityManager
Henry
Torre,DirectorDepartmentofPublicFacilitiesFrom:TheodoreP.Guba,
CPA,
CIA,
CPE,
IndependentAuditor
General
Office
of
theIndependentAuditor
General
Subject:Engagement.Reviewof
Grove
KeyMarina,Inc..LeaseAgreementReviewNo.12-014WehavecompletedourreviewoftheCityofMiami's(City)LeaseAgt.eeIllent(Lease)with
GroveKey
Marina,Inc.
(GKM),
whicliexpir~dJUne22,
2012..
Iris
review
wasconducted
at
the
request
of
City
management
and
fo{'it~dsoleuse.
As
such,
theobservationsand
conclusionsdescribed
herein-are,
therefore~,confidenti.'alan(l:.iareexempl'
from
Chapter
119,
FloridaStatutesCFS119).OfudOsbWatioi1Sand
conclllstoI1s'ar.e~s
fQI!1tk:,
..........,.,L:........;'/
,<,.,
·c..
,','h':"..'
e
DUtingfisca1yeart20:08(FY0.8rtlir(j",gh~EYll;'GKM
only
paidlhe
CitY$31,965.i1t.rent
related
to
its
fuel
C
s~ies'
tIt':;;::
rental
pa;yment's·
werel:Jas~<l.oi
P-i'l-ylng
th¢'Ctt'y$<9.3/gallo11in
lieu
of
10.3%ofrevenue);it-sh'OHldlve
paid~~65.,157;therefQJe~,ifference
of'$333,492
is
owedtotheCity~(Seeatt&:ohedanatysig}.
Qo
Eventhoughtermsofthelease-indicate~the¥Wi$e;'QIQv1'~'9P~~tiQIW
dQl)ot·oi:lIl
fe;>tau
exemption
from
payingrealestate
taxes,sincethe
demised,premisesis.not
forpublic:
useasdefined,
In
FloridaStatutes-l96.011(6)land,FlorldaStatutes
40),Q21
9(a)(p);assuch,
thecurrentlease
iscausingthe
:City
toforegoannualadva[6rettita~reven:lie
of
approximately
$'62,000
(See
analysis.attached).
GKM
has
notmaintainedtheleasedpremisesinordertofacilitatea"stateofattractiveappearance'
in
accordance
with
theTeaseagreement(See:analysis/photosattached),
"
OFFICEOFiNDEPENDENTAUDITORGENERAL
444
S,w,
2
0d
Avenue,Suite715IMiami,FL33126
"
\
:i''.)
',jj.
 
2
Theobjectivesofthereviewwereasfollows:TodetermineGKM'scompliancewiththetermsof
the
Lease.
o
Todeterminetheaccuracyand:completenessoftheannualsalesreponedtotheCity.,.Todeterminetheaccuracyofthepercentagetentcalculations
011
grosssalesandthetimelinessofremittancestotheCityofMiami,Weconductedthereview
in
accordancewith
Generally
Accepted
GovernmentAuditing
Standards.
Thosestandardsrequirethat
we
planandperformthereviewtoobtain
sufficient,
appropriate
evidence
inorderto
Provide.
a
reasonablebasisfor
QUI'
observationsand
I
conclusionsbasedon
our
review
objectives.
Webelievethatthe
evidenceobtainedprovides
a
reasonablebasis
for
ourobservations
and
conclusionsbased
on
out
reviewobjectives,Ifyouhaveanyquestions,pleasefeelfreetocontactmeat:305-416-2044orbyemail.Cc:LewisBlake,CPA,CIA,SeniorStaffAuditorPeterKendrick,LeasingManager,PublicFacilitiesDepartmentAuditDocumentationFile
OFfiCE,OFINDEPENDENTAUDitORGENERAL444S.W.
2'·
Avenue"'Suite715fMiami,FL331":28
 
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'p,
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!I
In.;~p~,OlJ~.~.~i~~"Witb.tlIed?~qr:!§,tQ~~'.
~£•..
Y..•
AgJ;~~~:t'1:~~fF\t~9%p~g~,.
t.ng,l~;~i1,~o,:.~~.
~i:t~·,.
from'aU
'revenues
earned
by
GI,Qi.1m'ilie
:waterft:on:t:Il:.
te}enu~.§'l
e.C).~:ned
ftO~l
gasoline)
ls$6o,orolorliO.3~p;rp~'~t~~
~'~;;<;ale!;'
perlease!yea~,'
Whi~~~~0~rs
gr~~t~~.~pwei,ier,
ortrau~iUl,i§c~{)s(;ci
.t~ata,:,rw-e~gra,~g~m:<§e;~~Ritg~
;~J')
W;rittetLbya.Cityi·emp:l9yee;(;ptOp~rtyrwd·
'wase:N{~n;tgel'hiilie:Gerreta!"~e:i'lzlee's''AtlmtrustratibIrJ'ana
..~<ldr~~e,i
1n~~'si~;"t~~~:~at<jlV'~~~~,,~t~~~"~f'W1b'
edKM
~h.Ou'kl·paytotbe'CitY
'$0
~(J3'
fer
tiac:h'
ga1:tob,o'(
~iasQliMs~14~v
tthot'il:dthat
'this
16tter,
wlsich..
made··a':Sllib&tantia:r.,J.h'auge;'
ttf';
:rne;'i([.tFlI)tll),tf
d
Feri3enta:gtl.1ltent"ldnftt®
10
theCit]',in
.t...
.theCity.topower-thesecndry'
ligh.(::sttCfth
l'iii
IYarking"facifi'ty
fCiCatecl?llt;the
ftonf6f
.•l,.e.cl.'~iran·~t9~t>~!i~~:~~~!;"frO~.~~~~.;~J"~'~~~
¥"d~nh·.ge""the
recent
ma.fDtenantl'e!i)nprmVernents·
at
the
Q::~ty.
HaU,
.Jt
$,
ti'ise:ovcJyG'tDilt'
.(,y;,
":::~1',~",.:
t7:'.,'~,'-':
"~T_,
;-<'"~."."
0,'·
,elecJricity
used
by
Jhe7Citiytt0"'POftweJj~mef,secUf,ityj1;~ightS,i'to:~tHe:'cirbIDar..
parking".fadEty
locatectatthe[rput
ot
thec'~Jxhall,,,wbiG1;l.)s:notpattof
qKM's}e~~e
area,was
0.,.;,,)_.
<'~...,.'
0

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