Schweich audit: Hwy. 61/Route U Transportation Development District at Moscow Mills earns excellent rating

State Auditor Tom Schweich released the audit of the Highway 61/State Highway U Transportation District (TDD) located in Moscow Mills.

In the areas audited, the overall performance of this entity was excellent.

The Highway 61/State Highway U TDD was organized in November 2007.  It was formed for the purpose of constructing a new diamond interchange at the intersection of Highway 61 and State Highway U.  The project was completed in August 2010. Taxable transactions within the TDD are subject to a 3/8-cent sales tax.

The TDD is located within a tax increment financing area.  For the controls audited, state auditors identified no significant deficiencies in internal controls, no significant noncompliance with legal provisions, and no significant deficiencies in management practices and procedures.

To view the complete report, Citizens Summary and audit rating scale, visit: http://auditor.mo.gov/view.aspx?id=2012108

Posted on Monday, September 24, 2012 at 9:18 am