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Originally posted by GUICE2
The bottom line is this i feel....if ANY public funds go towards the national debt then that in of itself is unethical and should be looked upon as misappropriation of public funds. We did not vote for the deficit, we did not vote for the war and yet are expected to pay for the debt however small the contribution?
The Transit Authority had adequate procedures for recording revenue and expenses. Based on our evaluation of Transit Authority internal controls and our review of its financial records for calendar years 2001 and 2002, we are reasonably assured that revenue derived from MetroCards, tokens, subsidies, and Other Revenue (from advertising, concessions, etc.) were properly deposited in the bank and accurately recorded on Transit Authority books and records. We are also generally assured that expenses incurred by the Transit Authority were appropriate, reasonable, and properly recorded.