The NTTA’s four member-county judges commissioned an Independent Financial Performance Review (“County Review”) in 2011 to ensure the effectiveness of the NTTA in carrying out its mission as the regional toll provider. The review also sought to evaluate the NTTA’s financial, operating and administrative functions and assess whether the NTTA’s goals and objectives are being achieved and the stakeholder concerns or needs are being addressed.
Findings of the County Review, conducted by Alvarez & Marsal LLC, were presented Oct. 18, 2011, during a special called meeting of the NTTA Board of Directors. The report provided 82 recommendations focused on four areas: transparency, procurement, organization and finance.
. Final Report - Oct. 18, 2011
. Final Board Presentation - Oct. 18, 2011
. News Release - "Alvarez and Marsal Presents Results on NTTA Review" - Oct, 18, 2011
Statement from NTTA Chairman Kenneth Barr
Chairman Barr issued the following statement after the presentation:
“The report was reassuring and challenging. I am sure the board and the staff will rise to the occasion. NTTA will expeditiously begin a thorough review and evaluation of the recommendations and then develop a work plan with sustainable and cost-effective solutions. Our ultimate goal is to ensure the Authority is operating in the most efficient and effective manner now and in the future.
“In the meantime, the NTTA will continue to concentrate on the construction, maintenance and operation of tollways throughout North Texas, such as the long-awaited Chisholm Trail Parkway. As always, NTTA will deliver safe, well maintained roads to get hundreds of thousands of drivers to their destinations every day.”
Action Plan
The NTTA is committed to ensuring the recommendations are fully evaluated and appropriately implemented in close consultation with the Authority’s member county judges. To guide and monitor the implementation process, the NTTA developed an action plan and assigned recommendations to board committees and staff executives.
90-Day Update
Within the first 90 days, the NTTA had taken action on more than half of the County Review’s recommendations. An action plan update was presented Feb. 2 during a special called board meeting with Authority’s member-county judges.
The NTTA board and staff are committed to addressing all of the remaining action items expeditiously and in a fiscally responsible manner. Regular updates will be shared during monthly board meetings, and a six-month update will be provided in May 2012.
The charts below provide an overview and are linked to the detailed action plan for each focus area.
Status: o Pending n In Progress n Implemented n County Judges
Transparency
Covering the areas of governance, conflicts of interest and board composition
Procurement
Covering the areas of procurement policies and procedures including diversity policy compliance
Organization
Covering the areas of performance management, current business model and consultant use
Finance
Covering the areas of liquidity, debt coverage, funding and collections
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