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Audit finds financial mismanagement at Metrolink

Posted: March 9, 2013 12:45 p.m.
Updated: March 9, 2013 12:45 p.m.
 

LOS ANGELES (AP) — Auditors say that Metrolink's financial management has been so sloppy that the Southern California commuter rail system might not even be able to detect fraud in its account.

The Orange County Register reports (http://bit.ly/YhVKrm) an audit of Metrolink's books found that some accounts had not been properly reconciled and that oversight could lead to possible irregularities in the financial records, including fraud.

The report comes on the heel of an internal review that found Metrolink could not account for millions of dollars in unpaid bills, and wasn't collecting them.

Metrolink is a $194 million-a-year regional rail commuter system serving Los Angeles, Orange, Riverside, San Bernardino and Ventura counties. The counties split the costs to keep the trains running.

Metrolink officials say they're in the process of fixing the financial system.

 

Copyright 2013 The Associated Press.

 

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