Audit of Economic Development Incentive Fund Program, April 2019

5 |  A u d i t o f E c o n o m i c D e v e l o p m e n t I n c e n t i v e F u n d P r o g r a m  A p r i l 2 0 1 9 Objectives, Scope and Methodology  The objectives of this audit were to determine if the Governmental Relations Department’s  internal controls related to application, granting, and subsequent tracking of incentive funds  are operating effectively and if they are in compliance with applicable laws, rules, regulations,  policies and procedures.  To meet the objectives of the audit, the procedures performed included, but were not limited  to, the following:   Obtained an understanding of relevant Florida Statutes, County Resolution No. 2017‐ 145, and each incentive agreement that was reviewed.   Conducted a walkthrough of the incentive fund program.   Performed inquiries of county personnel.   Reviewed and tested documentation related to the application process, fund  disbursement, and reporting requirements.   Verified compliance with relevant Florida Statutes and County Resolution No. 2017‐145,  and each specific incentive fund agreement entered into by the County.   Identified opportunities for improvement.