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04-25-2019 - 19-103 - Performance Audit - Franchise Fee Revenue Audit - Albuquerque Bernalillo County Water Utility Authority

The Office of Internal Audit (OIA) completed a performance audit of the Albuquerque Bernalillo County Water Utility Authority (the Authority) franchise fees for fiscal years (FYs) 2016 and 2017. This audit was added to the FY2019 audit plan following the completion of OIA’s annual risk assessment process that included an analysis of the City of Albuquerque revenue sources. The Authority was selected as it is one of the larger sources of franchise fee revenue.