Transcription of EXECUTIVE SUMMARY — FINAL AUDIT REPORT …
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EXECUTIVE SUMMARY — FINAL AUDIT REPORT …
EXECUTIVE SUMMARY FINAL AUDIT REPORT IG11-34. To: Hon. Carlos A. Gimenez, Mayor, Miami-Dade County Hon. Joe A. Martinez, Chairman, Board of County Commissioners and Members, Board of County Commissioners From: Christopher Mazzella, Inspector General Date: May 31, 2012. Subject: Transmittal and EXECUTIVE SUMMARY of the OIG's FINAL REPORT of our AUDIT of the Agreements Between Miami-Dade County and Basketball Properties, Ltd., to Operate the American Airlines Arena; Ref. IG11-34. Attached please find the above-captioned FINAL AUDIT REPORT issued by the Office of the Inspector General (OIG). This AUDIT covered Miami-Dade County's (County) administration of the agreements between the County and Basketball Properties, Ltd.
EXECUTIVE SUMMARY FINAL AUDIT REPORT IG11-34 Page 2 of 4 May 31, 2012 calls for BPL to retain the first $14 million of “Arena Distributable Net Cash Flow” (Net Cash
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