The Comptroller of Puerto Rico issued a qualified opinion on the fiscal operations of the Puerto Rico Tourism Company (Company) related to the disbursements of funds to the Corporation for the Promotion of Puerto Rico as a Destination, Inc. (Corporation), the analysis of the reports, and the evaluation of compliance with the marketing plans, among others. A qualified opinion is issued when the noncompliance, individually or in the aggregate, is significant but not pervasive.
The one-finding Report reveals that the Company did not establish a procedure to review the quarterly and annual reports that the Corporation is required to submit pursuant to Act 17-2017, the Act for the Promotion of Puerto Rico as a Destination, and the contracts formalized. From 2018 to 2020, the Corporation submitted nine quarterly reports, two annual reports, and two audited financial reports. As of January 15, 2021, after more than 34 months had elapsed, the Company had not evaluated the reports. The Comptroller's auditors evaluated the reported expenses incurred and did not detect situations to comment on.
This situation of lack of oversight of the use of the public funds transferred to the Corporation does not allow the Company to validate the use of funds, object to the expenses, and take the appropriate measures if necessary.
The Corporation has a contract with the Company for $25,000,000 annually, which was formalized on June 30, 2018, in effect until June 30, 2028. From 2018 to 2021, the Corporation had billed $63,900,00.
This Report covers the period from January 1, 2017 to June 30, 2021.
See Audit Report CP-22-06.
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