Audit of City-Owned Parking Garages in Fort Worth Recovers $163,277 [NBC DFW]

An audit of city-owned parking garages in Fort Worth has uncovered lax financial controls and recouped $163,277 in money owed to the city.

Fort Worth owns nearly 8,000 parking spaces in four parking garages downtown and at the Will Rogers Memorial Center.

The lots are owned by the city but managed by a private company known as SP Plus.

The review found the vendor owed the city $163,277 in advance fees that had never been repaid as required by a contract. The money was refunded quickly after auditors asked about it, the review said.

"It's not acceptable," said city council member Cary Moon who chairs the audit committee. "We've got to do better with taxpayer money."

The audit highlighted a number of concerns, including a lack of basic data such as the number of cars going into and leaving the garages.

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