AVTA passes financial audit

An independent auditing firm gave the Antelope Valley Transit Authority an A+ after remarking on the vast improvement made by staff in the Finance Department over the past year.

LANCASTER – An independent audit of AVTA’s finances and internal controls found no significant findings to report, according to representatives from Windes and McClaughry Accountancy Corporation.

The auditors announced the news during the monthly meeting of the AVTA Board of Directors.

“We have come so far over the past two years and the credit goes to the AVTA’s hard working staff guided by the terrific leadership of AVTA’s Executive Director Julie Austin,” stated Chairman of the Board Norm Hickling.  “We were in dire straits in December of 2011, but now our financial books are in order and the independent audit confirms we are on the road to success.”

The auditors announced the news during the monthly meeting of the AVTA Board of Directors.

The AVTA is required by law to conduct an independent financial audit on an annual basis because it is a recipient of federal, state and local funding.

Auditors inspected financial records for the 2011/12 fiscal year which ended on June 30, 2012.

“A statement of no findings is equivalent to an A+ on a test,” said Executive Director Julie Austin. “We are extremely pleased to be moving beyond our previous state of disarray and we are looking forward to focusing our efforts on upcoming service changes that will enhance transit in the community.”

The AVTA became the focus of public scrutiny two years ago after allegations of misappropriated funds and other financial improprieties surfaced.  Three top administrators resigned their positions and the case remains under investigation by the District Attorney’s Office.

During the following year, the AVTA became the focus of numerous federal audits that reported 75 significant findings which had to be addressed.

The AVTA serves a population of more than 400,000 residents in the cities of Lancaster and Palmdale as well as the unincorporated portions of northern Los Angeles County. Its total service area covers 1,200 square miles and it is bounded by the Kern County line to the north, the San Bernardino County line to the east, the Angeles National Forest to the south, and Interstate 5 to the West.

(Information via press release from the Antelope Valley Transit Authority.)

  2 comments for “AVTA passes financial audit

  1. dumbandblind
    December 4, 2012 at 11:47 am

    Your answer is in this post: AVTA bus collides with Sheriff’s patrol car, crashes into AV Ice Cream shop by K. Enrique posted on April 5, 2012 (theavtimes)

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