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You are here: Home / Oversight hearing planned for Guam Regional Transit Authority

Oversight hearing planned for Guam Regional Transit Authority

· August 31, 2018 ·

Member Center:Create Account|Log InManage Account|Log Out Home News Decision 2018 Podcasts Newsletter TV Radio Weather About LIFESTYLE TV11 TV8 TVone GNN i94-FM Isla63-AM Auto Beauty & Style Entertainment Food Health Home/Family Money Pets Tech Travel VideoBytes Press Releases Oversight hearing planned for Guam Regional Transit Authority Posted: Sep 02, 2018 12:28 PM +10:00 Saturday, September 1, 2018 10:28 PM EDTUpdated: Saturday, September 1, 2018 10:27 PM EDTBy Nick It’s going to be a bumpy road ahead for the Guam Regional Transit Authority. Agency officials are scheduled to appear before the Legislature this week for an oversight hearing. Among the many topics to be discussed is the recent audit conducted by the Office of Public Accountability. Auditors found $50,000 in un-deposited bus fares, no accounting system of funds, and a lack of basic controls to address typical risks to cash, such as misuse and theft. Monthly bank reconciliations were not performed and receipts were not reconciled to ensure all bus fares were deposited in a timely manner.  The oversight hearing is scheduled for Wednesday, September 5th at three o’clock in the afternoon. NEWS HEADLINESMore>>PUC approves bid for new Harmon power plantPUC approves bid for new Harmon power plantWe’re seeing another… Read full this story

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