CATS audit reaveals $80K never made it to bank
POSTED: Monday, February 24, 2014 - 5:32pm
UPDATED: Wednesday, February 26, 2014 - 2:23pm
A new audit released by the legislative auditor’s office takes a closer look at the long-standing financial problems of Baton Rouge’s bus system. It does show, however, that the new management is making an effort to be more open with the public.
The latest report from January of 2012 to June of 2013, found that almost $80,000 in bus fares never made it to the bank. Also, CATS failed to properly manage money made from bus passes.
Auditors say the issues stem from a lack of written policies. They also say CATS improperly paid employees more than $35,000. CATS CEO Bob Mirabito, says he invited the auditors in to get a better picture of what the agency's financial picture was like when he took over; noting that there have already been changes made to fix the problems.
"Everything that the auditors received came from CATS employees and so the findings are a result of the information that we give them. So I feel very comfortable telling the people of Baton Rouge that we are going to protect your money going forward," Bob Mirabito said.
Some cats riders said they were shocked by the findings.