Audit prompts change at Turnpike Authority
Posted May 30, 2008 4:49 p.m. EDT
Raleigh, N.C. — 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.