Albany Parking Authority – Cash Collections (2016M-181)

Issued Date
August 05, 2016

Purpose of Audit

The purpose of our audit was to review the Authority’s cash receipt process for the period January 1, 2015 through January 31, 2016.


The Albany Parking Authority is located in the City of Albany in Albany County. The Authority, which is governed by an appointed five-member Board of Directors, was established by the State Legislature to construct, operate and maintain locations in the City for parking and storing of motor vehicles. The operating budget for 2016 totaled approximately $7.4 million.

Key Finding

  • Authority officials have developed procedures to ensure that all cash collections for parking are accounted for and deposited intact and in a timely manner.

Key Recommendations

  • There were no recommendations as a result of this audit.