Local News

Audit prompts change at Turnpike Authority

Posted May 30, 2008 4:49 p.m. EDT

— An audit of the state Turnpike Authority released Friday says changed is needed.

The state auditor’s office found problems with end-of-year financial reports for the agency that oversees the creation of toll roads in the state.

Among the problems found were $1.7 million in unrecorded liabilities by the department. The authority did not indentify all outstanding obligations at year-end, according to the audit.

The audit also found the group did not reclassify all current year project expenditures to construction in progress.

The state auditor’s office recommended a greater emphasis be placed on year-end financial reporting.

The Turnpike Authority has agreed to put more emphasis on its financial reports.