Fiscal Audits of Transportation Planning
Within 12 months of the end of the fiscal year, the Transportation Development Act (TDA) requires regional transportation planning agencies to annually submit an audit of its accounts and records to the State Controller. Each claimant under the jurisdiction receiving an allocation must also submit a certified fiscal audit to the State Controller. All fiscal and accounting records must be maintained for a minimum of four years following the close of the fiscal year of expenditures.
Performance Audits of Transportation Planning
Performance Audits are also a requirement of the Transportation Development Act (TDA) and are to be completed by an independent auditor on a triennial basis.