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<br />\ <br /> <br />78 <br />Page 24 <br /> <br />DOWNTOWN REDWOO'D CITY <br />A Parking Management Proposal <br /> <br />,8 <br /> <br />On..sitev.rificatlonof dally receipts. <br /> <br />The most efficient way to audit performance of a facility is to <br />require on-site management to review and approve all cash <br />handling and collection procedUre$ ona daily basis. OUf clients <br />are entrusting I.;!s with the responsibility of coUecting; <br />safeguarding, and properly depositing their money, and theon1y <br />way to accomþliSh this pr~perlyis to perform what we rßfer to as <br />~Pñmary AuditS. on a dài1y basis. <br /> <br />8 <br /> <br />Internal Audit by Ampco, System Parking <br /> <br />Our internal audit staff, consisting of two f!JU, time audito~ <br />devoted exclusively to our Bay Area operations, is unmatched <br />by any othertocalparldngmanagementfirm, and truly highlights <br />our commitment to the integrity of our bùsiness. ,Our office audit <br />department "shops" tickets, reviews reports and detail tapes and <br />generally keeps a close eye on the practices and habits of all <br />on-site personnel. Our auðitorsarrive unannounced and <br />operate outside the control of ,Jocaloperationspersonnel to <br />ensure objectivity. Intemalaudits are generally performed twice <br />each year. <br /> <br />. <br /> <br />Outside Audit by Walker Parking <br /> <br />To enhanoeand complement our in-house audmng, Ampco <br />System Parking has taken the unprecedøntedstep of <br />contracting with an lndependent parking consultant to 'perfonn <br />audits at key accounts 'throughout o.urBay Area operations. <br />Unlike major accounting firms, the expertise of Walker Parking <br />is in auditing parking facilities and the cash and receivable <br />transactions they generate. They understand theprocess,the <br />correct flow .of the revenue stream, and the importance and <br />significance of the particular control systems implemented .at <br />various facUities. this acumen allows them to provide <br />knowledgeable, unbiased audits afour facilities, ~ch site visit <br />by Walker resu,lts 'in the issuance of a fonnal audit report, which <br />is sent directly to our regional headquarters, bypassing the local <br />operations staff. The report isthøn shared with branch level <br />personnel and presented to the client, along WÎth staff <br />comments and/or recommendations. <br /> <br />Am.pco Sy8ternParking <br />Page 20 <br />