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Recommendation 5.3 — Not Applicable <br />"We further recommend Mass Transit management and staff monitor cash bags for patterns and <br />inconsistencies(e.g., repeated over/shorts, inaccurate and incomplete trip sheets, cash bags with <br />no trip sheets, cash bags with trip sheets and no cash, invalid ticket stubs). If Mass Transit <br />discovers unexpected patterns and/or inconsistencies, they should follow up with the respective <br />bus driver or person responsible for the cash." <br /> <br />Condition and Cause <br />MTA did not monitor the relationship between ridership and revenue (ridership x fare = revenue). <br /> <br />Effect of the Condition <br />Without reliable data, MTA does not know the actual cost of riders and losses of revenue. <br /> <br />Recommendation 5.4 <br />"We further recommend Mass Transit management conduct analytical procedures and financial <br />relationship analysis to monitor controls, revenue, and budget expectations. One example of an <br />analytical procedure is comparing ridership counts to revenue (ridership x fare = revenue)." <br /> <br />Agency Action <br />MTA said they use analytical procedures to perform financial analysis to monitor <br />controls/ridership, revenue, and budget monthly and annually. <br /> <br />Audit Activity <br />We observed MTA used analytical procedures to perform financial analysis to monitor <br />controls/ridership, revenue, and budget monthly and annually. <br /> <br />Status: Implemented <br /> <br /> <br />Implementing Monitoring and Oversight 19 <br />