Santa Clara Valley Transportation Authority
P2505-0107, P2505-0108
Proposition 1B Bond Program
Project Numbers 0400001081 and 000020484
Date Issued: 6/11/2018
Attached is the audit report pertaining to the audit performed on the following Proposition 1B projects:
Project Name:
1-280/1-880 Interchange and 1-880/ Stevens Creek Interchange Improvements
Project Number:
0400001081
P Number:
P2505-0107
Amount Audited:
$ 36,142,930
Project Name:
US 101/Capitol Expressway-Yerba Buena Interchange Improvements
Project Number:
0400020484
P Number:
P2505-0108
Amount Audited:
$ 22,210,425
The projects' implementing agency is Santa Clara Valley Regional Transportation Authority. The projects were funded by using Proposition 1B Corridor Mobility Improvement Account funds.
As required by the Governor's Executive Order S-02-07, the expenditures of bond proceeds and outcomes are subject to audit. The audit was performed by the Department of Finance on behalf of Caltrans. Deputy Directive 100-R1, "Departmental Responses to Audit Reports" cites responsibilities of Division Chiefs relative to audits performed. The audit disclosed the following findings:
- Questioned Construction Capital and Construction Support Expenditures Amounting to $2,050,046
- Improvements Needed in Reporting Project Benefits/Outcomes
Please provide the Independent Office of Audits and Investigations a corrective action resolution audit findings within 90 days of this memorandum's date and reference the P number identified above.