Rta Audit, Safety Compliance And Real Estate Committee Minutes
The meeting agenda included a roll call, approval of the May 14, 2024 Audit Committee Minutes, and a presentation of the 2nd Quarter 2024 Internal Audit Activities report. The minutes detail discussions from the May 14, 2024, meeting covering updates on the International Internal Audit (IIA) Global Audit Standards, specifically focusing on Principles 6, 7, and 8 related to the Internal Audit Mandate, Charter, Organizational Independence, and Board Oversight. Significant time was dedicated to Railcar Replacement & Infrastructure Audit Activities, including updates on the Siemens Mobility contract, change order processes, and Federal Transit Administration (FTA) Project Management Oversight, including Buy America requirements. Completed projects reviewed included the Paratransit Contracted Services audit (rated Unsatisfactory due to contract compliance issues), Customer Communications during service interruptions (rated Marginally Satisfactory), and GCRTA Travel and Expense Reimbursement (rated Satisfactory). Ongoing projects, continuous auditing activities such as Purchasing Card and Payroll reviews, and coordination with external auditors were also discussed.