New Audit Announcements

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Audit Initiated on the Adequacy of Measures Taken To Address the Solvency of the Highway Trust Fund

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In response to a request from Senator Judd Gregg, Ranking Member of the Senate Budget Committee, the Office of Inspector General is initiating an audit to evaluate whether: (1) the Department of Transportation (DOT) has appropriate procedures for monitoring cash balances in the Highway and Mass Transit Accounts and measuring the magnitude and timing of cash shortfalls; (2) DOT’s communications with key stakeholders about cash balances or projected shortfalls are timely, comprehensive, transparent, and understandable and allow adequate time for Congress and the States to take remedial actions; and (3) any of the policies and procedures the Federal Aviation Administration uses to manage the Airport and Airway Trust Fund could be applied to HTF management.