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The Lower Manhattan Development Corporation, New York, NY, Generally Administered Its Disaster Recovery-Funded Program in Accordance With Applicable Requirements

We performed the 23rd review of the Lower Manhattan Development Corporation’s (LMDC) administration of the $2.783 billion in Community Development Block Grant (CDBG) Disaster Recovery funds awarded to the State of New York in the aftermath of the September 11, 2001, terrorist attacks on the World Trade Center (WTC) in New York City.  This review was performed in response to a congressional mandate that we continuously audit the administration of these funds.  The objective of the audit was to determine whether LMDC administered its Disaster Recovery-funded WTC Performing Arts Center activity under its WTC Site program in accordance with applicable requirements.  We reviewed more than $47.2 million, or 100 percent, of the funds disbursed for the activity during our audit period.

LMDC generally administered its Disaster Recovery-funded WTC Performing Arts Center activity under its WTC Site program in accordance with applicable requirements.  For the more than $47.2 million in disbursements reviewed, LMDC ensured that disbursements were for eligible and supported costs.  In addition, LMDC provided effective subrecipient and contractor oversight for the activity reviewed.

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