VIRGINIA BEACH, Va. - The Virginia Beach City Council was briefed Tuesday on the results of an audit of light rail expenditures in the city.
Lyndon Remias, City Auditor, briefed members during a session Tuesday afternoon.
The audit was a scheduled one, done proactively, not in response or reactive, according to Remias.
He tells News 3 the audit, which had positive outcomes, looked at three main objectives:
- Were expenditures related to light rail being fully captured.
- Is there proper supporting documentation, such as invoices, work orders and contracts, to support the expenditures.
- Were all the departments involved in light rail working together with effective reporting tools.
Through the end of the fiscal year, which ended on June 30th, Remias reports the city has spent $16,331, 979 on light rail expenditures. The majority of that money has been spent on land acquisition.
According to Remias, the audit showed the proper financial auditing and controls are in place as the light rail project progresses.
He expects to continue to monitor and stay abreast of the financial dealing of the light rail project in the years to come.