FTA draft report questions Metro's use of federal funds

[JDC]

The WP has a story today about a draft FTA report raising questions regarding Metro's use of federal funds and critiquing several of its business practices. http://www.washingtonpost.com/local/tra ... story.html. The draft report is here: http://apps.washingtonpost.com/g/docume ... eview/907/

[JDC]

A follow-up WP article discusses GM Sarles' response to the FTA draft report. http://www.washingtonpost.com/blogs/dr- ... ral-money/.

Per the article, "Metro General Manager Richard Sarles told the agency’s board of directors Monday that the transit authority is “embracing” an audit report critical of Metro’s handling of federal grant money and said his formal response to the report will not dispute any of its findings."

[JDC]

Metro's response to the FTA report: http://www.wmata.com/about_metro/board_ ... lItem.pdf.

Honestly, I am pleasantly surprised how serious WMATA took the report and how it acknowledged its errors and set forth an aggressive timeline to correct the remaining open issues.