New Audit Announcements
Audit Initiated of FTA’s Oversight of the National Transit Database in Allocating Urbanized Area Formula Funding
The Office of Inspector General plans to conduct an audit of the Federal Transit Administration’s (FTA) National Transit Database (NTD). Congress, Federal agencies, and transit industry stakeholders rely on the data from NTD to make sound planning and investment decisions, and to determine the condition of our Nation’s transit systems. FTA apportions over $6 billion annually in formula grants to nearly 2,000 urban and rural transit agencies based on NTD data. The majority of this funding goes through the Urbanized Area Formula Program to the 30 largest transit systems, which account for about 85 percent of the Nation’s transit infrastructure. Our audit objective is to evaluate FTA’s oversight of the NTD data to ensure that submissions from grant recipients and beneficiaries of transit funds for the Urbanized Area Formula Program are complete, accurate, and timely.