OCA Audit Reports

Issued: August 2008

We have completed our work on the Old Pecan Street Festival (OPSF) and made comments where appropriate. Our objective was to conduct a financial assessment of OPSF for the purposes of identifying potential fiscal inefficiencies and cost cutting measures. Below are the results of our work:

• We did not identify significant fiscal inefficiency related to the Old Pecan Street Festival.
• We did not identify ways through which RoLu LLC could achieve significant cost savings.
• We did not identify additional feasible areas where significant increases in revenue can be achieved.
• Inventory and Cash handling controls should be tightened if the City wishes to continue its partnership with the Old Pecan Street Festival.
• The City could recover part of the security fees waived for RoLu LLC.
• Current fees for security may not be matching the cost of providing security.

Download the entire text of our Assistance Project- Financial Assessment of Old Pecan Street Festival (Size: 88 KB) in Adobe Acrobat. You will need Adobe's Acrobat Reader to view these files. Or request a hard copy of this audit report, No. AU08116, by submitting this audit report request form.

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