Risk Matrix
Off Street Parking Program

"A" = Actual Control "P" = Proposed Control

            CONTROLS                                            
THREATS C-1 Gate arms. C-2 Parking attendants collecting tickets and money. C-3 Late envelopes. C-4 Numbered tickets. C-5 Prepaid parking. C-6 Periodic tour of facility. C-7 Attendants deposit used tickets in a locked box and do not compare tickets to cash receipts. C-8 FMS reports. C-9 Contractors reconcile cash receipts to FMS report. C-10 Contractors reconcile cash receipts to tickets . C-11 Fidelity bond. C-12 Separate bank account. C-13 Reconciliation by Parking Operations of FMS report to bank statements. C-14 Reconciliation by Parking Operations of the revenue from daily ticket sales, parking permit sales, deposit slips C-15 Reconciliation by Parking Operations of daily activity sheets to bank statements. C-16 Reconciliation by Parking Operations of monthly reports to bank statements. C-17 Safety features in building construction. C-18 Insurance requirements. C-19 Police patrol. C-20 Contractor's annual budget must be approved by Parking Director. C-21 Contractor is required to retain documentation for all expenses. C-22 Audit by Parking Operations. C-23 Complete and current software documentation. C-24 Periodic testing of system. C-25 Access to computer system limited to authorized personnel. C-26 Parking Operations reviews billing and collects revenues. C-27 Computerized calculation of parking fee. C-28 Customer verifies parking fee computation.
T-1 Parkers exit without paying. A A A A A A                                            
T-2 Parking attendants do not turn in their parking receipts intact.             A A A A A                                  
T-3 Ampco - contractor does not turn in its daily parking receipts intact.                     A A A A A                          
T-4 SJP - contractor does not turn in its daily parking receipts intact.                     A A A A                            
T-5 Ampco - Contractor does not turn in revenues for monthly parking intact.                     A A A A   A                        
T-6 SJP - Contractor does not turn in revenues for monthly parking.                     A A A A   A                        
T-7 Personal injury and/or property damage occurs in the parking facility.                                 A A A                  
T-8 Ampco - contractor overstates operating expenses.                                       A A A            
T-9 SJP - Contractor overstates operating expenses.                                       A A A            
T-10 Net parking revenues decrease because of contract with second parking operator.                                                        
T-11 Computer reports understate revenues.                           A                 A A A      
T-12 Underbilling of validations.                                                   A    
T-13 Wrong calculation of parking fee.                                                     A A

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