By Bob Katzen
An audit of the MBTA from July 1, 2012 through June 30, 2015 by State Auditor Suzanne Bump’s office found that the MBTA has $1,863,103 in uncollected accounts receivable for which it has not been paid. Half of those are more than a decade past due.
“Our audit found the MBTA, an agency with chronic management and funding challenges, was not properly collecting outstanding balances, and was leaving unpaid balances on their books for an extended period of time,” Bump said. “The MBTA should take all appropriate steps to collect funds that are due to the agency, but should also realistically write-off balances that are not likely to be recouped.”
MBTA Director of Communications Joe Pesaturo responded, “Since last year, the MBTA has been actively working to reform its finances and operations to improve the reliability of the system for riders and taxpayers, correcting bad practices and closely examining all contracts to identify millions of dollars in savings opportunities. By taking steps to renegotiate prices with vendors, enforce contractual obligations, move purchases to existing statewide contractors and eliminate cash vouchers, the MBTA has already identified nearly $11 million in savings over the next two years.”