By GORDON DICKSON - Fort Worth Star Telegram - March 1, 2009
Accounting mistake may cost North Texas Tollway Authority
North Texas Tollway Authority officials say they overstated their assets by $105.5 million in a report late last year, an accounting error that could affect the agency’s financial health.
However, officials with the Plano-based agency, say they’ve taken steps to prevent such a mistake in the future. The agency is joining with the Texas Transportation Department to build the Southwest Parkway toll road in Fort Worth this year.
The agency misapplied a Transportation Department grant in August and September, placing it into the agency’s construction fund even though officials hadn’t yet met all the grant conditions, according to a statement released by tollway officials last week. The conditions were satisfied in November.
To provide a clearer financial picture, unaudited monthly reports will be consolidated with audited year-end statements, tollway officials said in the statement.
Read more in the Fort Worth Star Telegram
Tollway board members are eager to find a replacement for ousted Executive Director Jorge Figueredo, who departed in December, said Kenneth Barr, a board member and a former Fort Worth mayor.
In the meantime, Chief Financial Officer Janice Davis is serving as interim director. She is not a candidate for executive director, although several board members have expressed trust in her.
"Janice Davis said she will not put her name on something if it isn’t right. and I respect that," Barr said.
Davis’ career also includes stints at chief financial officer for the city of Atlanta and for the Dallas school district and as finance and budget director for Dallas/Fort Worth Airport.
Showing posts with label Southwest Parkway. Show all posts
Showing posts with label Southwest Parkway. Show all posts
Monday, March 2, 2009
Monday, July 23, 2007
NTTA Board to consider toll projects and subcontractors at July 25th meeting
By Faith Chatham - July 23, 2007http://dfwregionalconcernedcitizens.blogspot.com/
The North Texas Tollway Authority Board of Directors will hold their regularly scheduled meeting on Wednesday, July 25 at 8:00 a.m. in the Board Room of the NTTA Administrative Offices located at 5900 W. Plano Parkway, Suite 200 in Plano.
The Meeting Agenda includes items which impact transportation in the Dallas TxDOT region and the Ft. Worth TxDOT region and the public can comments on items not listed on the agenda: (TxDOT; RTC/NCTCOG; or other items)
The Consent agenda includes consideration of award of contract to Rebcon, Inc. in the amount of $617,252.00 for construction of a sand stockpile for Dallas North Tollway Phase 3 and of a contract to Rebcon, Inc. in the amount of $737,195.10 for construction of a sand stockpile under the PGBT at Alma Road . The board will also consider approval of work authorization 02283-DNT-00-PS-PD with HNTB Corporation to provide corridor-management services for Dallas North Tollway Extension, Phase 4 and Phase 5.
The board will consider approval of a Project Agreement or Term Sheet setting forth the basic elements of the Project Agreement between TxDOT and the NTTA for the NTTA’s delivery and operation of SH 121 and authorizing the negotiation and execution of work authorization MA-WA12 with HNTB Corporation in the amount of $1,300,000 for landscape architectural design services for SH 121 in Collin, Dallas and Denton counties.
Other business includes consideration of an interlocal agreement among the NTTA, TxDOT (Texas Turnpike Authority Division), Harris County (Harris County Toll Road Authority), and the Central Texas Regional Mobility Authority regarding statewide interoperability for transponder-based electronic tolling on the parties’ respective toll facilities and for a consulting services agreement with Tamer Partners, Inc., for the development, implementation, and management of NTTA customer-relations services and customer-experience initiatives.
Updates will include briefing on migration plan for conversion to all-electronic toll collection (“ETC”) on NTTA facilities and Planning Updates on SH 170, SH 360 and Trinity Parkway and Project updates/discussion on the Dallas North Tollway projects, PGBT (President George Bush Turnpike) projects, Mountain Creek Lake Bridge, Addison Airport Toll Tunnel, Lewisville Lake Toll Bridge, Southwest Parkway – northern section
The Committee will report on the Regional Transportation Council and the Executive Director will update the board on program management and his participation with the City of Carrollton on market-valuation study for Thirty five Riverside property and TxDOT’s request regarding IH 635 project.
Mr. Wageman will brief on the market-valuation process for SH 161.
Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, large print or Braille, are requested to contact Robert Andrews at (214) 461-2000 two (2) work days prior to the meeting so that appropriate arrangements can be made.
For more information contact Sam Lopez, North Texas Tollway Authority Public Information Officer - (214) 461-2065.
The North Texas Tollway Authority Board of Directors will hold their regularly scheduled meeting on Wednesday, July 25 at 8:00 a.m. in the Board Room of the NTTA Administrative Offices located at 5900 W. Plano Parkway, Suite 200 in Plano.
The Meeting Agenda includes items which impact transportation in the Dallas TxDOT region and the Ft. Worth TxDOT region and the public can comments on items not listed on the agenda: (TxDOT; RTC/NCTCOG; or other items)
The Consent agenda includes consideration of award of contract to Rebcon, Inc. in the amount of $617,252.00 for construction of a sand stockpile for Dallas North Tollway Phase 3 and of a contract to Rebcon, Inc. in the amount of $737,195.10 for construction of a sand stockpile under the PGBT at Alma Road . The board will also consider approval of work authorization 02283-DNT-00-PS-PD with HNTB Corporation to provide corridor-management services for Dallas North Tollway Extension, Phase 4 and Phase 5.
The board will consider approval of a Project Agreement or Term Sheet setting forth the basic elements of the Project Agreement between TxDOT and the NTTA for the NTTA’s delivery and operation of SH 121 and authorizing the negotiation and execution of work authorization MA-WA12 with HNTB Corporation in the amount of $1,300,000 for landscape architectural design services for SH 121 in Collin, Dallas and Denton counties.
Other business includes consideration of an interlocal agreement among the NTTA, TxDOT (Texas Turnpike Authority Division), Harris County (Harris County Toll Road Authority), and the Central Texas Regional Mobility Authority regarding statewide interoperability for transponder-based electronic tolling on the parties’ respective toll facilities and for a consulting services agreement with Tamer Partners, Inc., for the development, implementation, and management of NTTA customer-relations services and customer-experience initiatives.
Updates will include briefing on migration plan for conversion to all-electronic toll collection (“ETC”) on NTTA facilities and Planning Updates on SH 170, SH 360 and Trinity Parkway and Project updates/discussion on the Dallas North Tollway projects, PGBT (President George Bush Turnpike) projects, Mountain Creek Lake Bridge, Addison Airport Toll Tunnel, Lewisville Lake Toll Bridge, Southwest Parkway – northern section
The Committee will report on the Regional Transportation Council and the Executive Director will update the board on program management and his participation with the City of Carrollton on market-valuation study for Thirty five Riverside property and TxDOT’s request regarding IH 635 project.
Mr. Wageman will brief on the market-valuation process for SH 161.
Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, large print or Braille, are requested to contact Robert Andrews at (214) 461-2000 two (2) work days prior to the meeting so that appropriate arrangements can be made.
For more information contact Sam Lopez, North Texas Tollway Authority Public Information Officer - (214) 461-2065.
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