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Generated summaryAI-assisted
The report from the Office of the City Auditor evaluates Team San Jose's performance for FY 2023-24. Team San Jose exceeded its performance targets, achieving a gross operating result of $5.7 million, booking 121,800 hotel room nights, generating an estimated economic impact of nearly $76 million, and receiving 100% satisfaction ratings in customer surveys. As a result, Team San Jose qualifies for an incentive fee of $250,000. The report is scheduled for presentation at the November 18, 2024 meeting of the Community and Economic Development Committee.
Key points
Team San Jose has operated the San José McEnery Convention Center and other City-owned facilities since 2004.
The City Auditor's Office conducts an annual performance audit of Team San Jose.
In FY 2023-24, Team San Jose exceeded its gross operating results target and booked 121,800 hotel room nights.
The estimated economic impact of Team San Jose's activities was nearly $76 million.
Team San Jose received 100% satisfaction ratings on customer service surveys.
The report indicates that Team San Jose qualifies for an incentive fee of $250,000.
Limitations
The text contains unresolved placeholders and incomplete sections, particularly in the findings related to theater occupancy.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 28,663 chars
Office of the City Auditor Report to the City Council City of San José TEAM SAN JOSE PERFORMANCE FY 2023-24 Report 24-07 November 2024 This page was intentionally left blank Office of the City Auditor Joe Rois, City Auditor November 7, 2024 Honorable Mayor and Members Of the City Council 200 East Santa Clara Street San José, CA 95113 Team San Jose Performance FY 2023-24 Since 2004, Team San Jose, Inc. (TSJ) has operated the San José McEnery Convention Center and several other City-owned facilities on behalf of the City. Additionally, since 2009, TSJ has operated the San José Convention and Visitors Bureau (CVB). Under the terms of the management agreements between the City and TSJ, the City Auditor’s Office is required to perform an annual performance audit to determine whether TSJ achieved agreed-upon performance targets. These targets are the basis for an incentive payment from the City. Finding 1: Team San Jose Exceeded Its Weighted Incentive Fee Score and CVB Performance Targets In Fiscal Year (FY) 2023-24, Team San Jose: Exceeded its target in gross operating results, Booked 121,800 hotel room nights, Had an estimated economic impact of nearly $76 million, Held 545...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The document is a report from the City Auditor regarding Team San Jose's performance for Fiscal Year 2023-24. It outlines the background of Team San Jose's operations, the objective of the audit, and a finding that Team San Jose exceeded its performance targets. The report concludes with acknowledgments to various offices for their cooperation during the audit process.
Key points
Team San Jose has operated City-owned facilities since 2004.
Team San Jose has operated the San José Convention and Visitor’s Bureau since 2009.
The audit aimed to determine if Team San Jose met performance targets for FY 2023-24.
Team San Jose exceeded its weighted incentive fee score and CVB performance targets for FY 2023-24.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 1,307 chars
Team San Jose Performance Fiscal Year 2023-24 A report of the City Auditor Issued November 2024 http://www.sanjoseca.gov/auditor November 18, 2024, Community and Economic Development Committee, Item (d)1 Presented by Joe Rois, City Auditor and Adrian Perez, Program Performance Auditor II Office of the City Auditor, 1 Background • Since 2004, Team San Jose has operated several City-owned facilities on behalf of the City • Since 2009, Team San Jose has also operated the San José Convention and Visitor’s Bureau (CVB) • Objective of this audit was to determine whether Team San Jose achieved agreed upon performance targets during Fiscal Year 2023-24 San José McEnery Convention Center Office of the City Auditor, 2 Finding 1:Team San Jose Exceeded Its Weighted Incentive Fee Score and CVB Performance Targets for FY 2023-24 Weighted Incentive Fee Score for the Convention and Cultural Facilities Weighted Performance Score for the Convention and Visitor’s Bureau Office of the City Auditor, 3 Conclusion We would like to thank Team San Jose, the Office of Economic Development and Cultural Affairs, and the Budget Office for their time, information, insight, and cooperation during the audit...