Tom Bazan has finally gotten his hands on Metro’s FY2004 CAFR (Comprehensive Annual Financial Report) and is busy trying to digest what’s inside it. He has told us that KPMG signed off on the report in January, but as we all know Metro wouldn’t allow it to be delivered until last week.
blogHOUSTON has checked Metro’s site, anxious to get a look at the report, but so far it hasn’t shown up. How long will it take Metro to make the report available online?
Inquiring minds want to see how things are going at the new Lee P. Brown Administration Building! And we don’t want to rely on press release paragraphs like this:
The FTA approval was based on a comprehensive review of METRO’s proposed projects and of the agency’s financial ability to build and operate the lines without compromising the transportation services it already offers to residents of the eight-county region.
We’d like to do our own comprehensive review of Metro’s finances, thank you very much. We already know how well Metro is (not) doing with transportation services other than light rail.
UPDATE: We have received a clarification that even though KPMG signed the report in January, there were probably still at least a couple of weeks worth of work needed before the report was ready to be delivered. But since we also know that Metro had not allowed KPMG to deliver the CAFR in the two months previous to the April 28 delivery, it sounds as though the report was most likely ready for delivery sometime in February.
