State Audit Confirms Poor Accounting Practices at RTD
Poor accounting and contracting practices by the Southern California Rapid Transit District were confirmed in a report Wednesday by the state controller’s office.
Controller Gray Davis said the “RTD has to run a tighter ship” and address “a number of accounting irregularities.”
Davis cited deficient auditing standards, loose controls on lobbyists’ contracts, improper accounting for inventory and a potentially wasteful headquarters office lease, but said a two-month review found no misuse of state funds. He acknowledged that his staff had not conducted a thorough analysis of the RTD’s financial management.
Davis said he initiated the special review after reading a report in The Times disclosing lax controls on more than $1.2 million spent on RTD lobbyists in recent years.
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