ST. PETERSBURG - Members of Pinellas Suncoast Transit Authority’s Finance and Performance Committee listened to a review of the agency’s financial practices March 13 as representatives from the independent CPA firm of Mayer Hoffman McCann P.C. presented their report on PSTA’s 2013 annual audit.
The audit found no material weaknesses or significant deficiencies and auditors had no recommendations for improvements to PSTA’s internal controls. In a press release, Agency leaders said, “that’s a fancy way of saying that they passed with flying colors.”
Based on the auditor’s work, PSTA leaders will now be submitting their FY 2013 Comprehensive Annual Finance Report to the Government Finance Officers Association for consideration for that group’s prestigious Certificate of Achievement for Excellence in Financial Reporting Program.
During her presentation on the audit to PSTA officials, lead auditor Laura Krueger Brock said, “You guys did a great job. You should be very proud of this accomplishment.”
Agency leaders stress the importance of the audit findings being proof positive that PSTA is a good steward of taxpayer dollars.
This November, the agency will be asking Pinellas County voters to change its funding source from its current property tax to a 1 percent sales tax. If approved, PSTA will then eliminate its ad valorem tax of .7305 mils and begin implementation of transformational changes and enhancements to the county’s transit system as part of the Greenlight Pinellas Plan. That plan features improved, countywide bus service along with the installation of a future light rail system. Details, questions and answers, study data and videos can be found at www.greenlightpinellas.com.
PSTA continues record ridership
ST. PETERSBURG – Pinellas Suncoast Transit Authority reported a 2 percent increase in riders from January to February, logging the boarding of nearly 1.8 million. It was the second highest number of riders in the agency’s history.
With Spring Break in full swing, PSTA staff is working to accommodate the increased demand for service as well as adjusting routes to minimize the impact of increased tourist traffic throughout the beach communities.
“Since mid-February we’ve needed extra buses to accommodate extra riders along the beaches on the weekends,” said PSTA Director of Transportation Jeff Thompson.
For more information, visit www.PSTA.net or call the PSTA InfoLine at 540-1900. Riders are also encouraged to use PSTA’s Real Time Bus Information at www.RidePSTA.net.