One of the contracts allocated 1.75% of the lodgers tax to the bureau and expired at the end of 2003. In 2002, that amounted to nearly $4.9 million. The other contract allocated $470,000 in 2002 and $418,000 in 2003 to the bureau to promote the Colorado Convention Center.
The audit shows the bureau failed to maintain financial records in sufficient detail and in such a manner as to allow an accurate accounting of how city funds received by the bureau had been spent, specifically, whether any of those funds had been spent on alcohol. The contracts prohibit the expenditure of city funds on alcohol.
The audit does note, however, that the bureau accepted the recommendations and has made the necessary changes to comply with all recommendations in the audit findings. Gallagher says that while he was troubled that the Bureau had violated provisions of the contract, he was pleased that the necessary changes were being made.
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