Home
»
Trains Magazine
»
Forums
»
Passenger
»
A possible new direction for Amtrak Long Distance

Edit post

Edit your reply below.

Post Body
Enter your post below.
On occasion an expense account will have a credit balance due to a prior period adjustment, i.e. an overpayment in the prior period is being adjusted in the current period and shows as a credit. Without access Amtrak's accounting records, as well as the project work papers, it is impossible to know for sure. In another audit report prepared by Amtrak's IG on billings from and payments to hoist railroads, including incentive payments, the auditors found several errors. I don't remember all the details nor do I intend to dig out the report, but over and under payments are common.  The accounting for the Zephyr appears to be correct, suggesting that the notion of prior period adjustment is the reason for the credit balance in the Sunset account. When people don't like the results of an audit or investigation, they look for any little mistake to discredit the report. When they find an error of fact or method, they generalize it to the whole report. They rarely offer any solid support for their views.  If one believes the report is flawed, as NARP did, they should show why with the same analytical rigor that appears to have been deployed by the IG. Claiming that the report was halfhearted without any solid support is not persuasive. What makes it doubly so is that no one posting to these forums, as far as I know, has or has had access to Amtrak's accounting records. Without that access it is difficult to build a counter case against any reports issued by Amtrak or issued by independent agencies auditing or investigating Amtrak.
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag