Houston Metro received the results of a nearly year-long
state audit that found the transit agency is practicing financially sound
policies and has adequate processes in place to manage its planned, long-term
expansion for light rail.
Areas examined by the auditors included Metro’s General
Mobility Program, which provides approximately $100 million annually to the
region for new roads and infrastructure. Others areas included financial
reporting, ridership reports and performance audit reports.
The FTA recently called Metro’s light-rail program
“innovative” in its use of private partnerships and utilization of novel
procurement methods that integrate elements of risk-sharing and streamlined project
development, construction, operation and maintenance.