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Sunday, May 17, 10:30:23amLogin ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 12[3]45678910 ]
Subject: Auditors again find no problems with Sound Transit's books


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Thursday, May 1, 2003
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Date Posted: Thursday, May 01, 09:12:36am
In reply to: Newspapers reporting result--March 7 2003 SMH 's message, "Noteholders have tickets to ride" on Thursday, March 06, 08:38:56am

http://seattlepi.nwsource.com/transportation/120053_audit01.html
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Thursday, May 1, 2003
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Auditors again find no problems with Sound Transit's books
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SEATTLE POST-INTELLIGENCER STAFF
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Auditors gave high marks to Sound Transit's financial practices yesterday, and the transit agency's chief operating officer, Hugh Simpson, said that may bode well for another upcoming audit needed to get federal light rail funding.
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Examiners from the state Auditor's Office said they found no problems in the way Sound Transit handled public dollars in 2001, the latest year at which it looked.
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Auditor Chris Cortinas said it was the fifth straight year the state had found no problems.
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Simpson said the federal Transportation Department's inspector general would consider the audits as part of its own review of the agency. That inquiry will be key to Congress' decision about whether to authorize millions of dollars for light rail's starter line that will run from downtown Seattle to South 154th Street.
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Local Digest Officials sign smart-card pactWednesday, April 30, 2003 - Page updated at 01:49 p.m.while Seattle monorail officials have expressed interest. Any agency in Washington, Idaho or Oregon can join later, and cards could be used to pay for highway tolls or parking fees, Sims said.Thursday, May 01, 09:28:02am


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