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Federal Transit Benefit Program: DOTäó»s Debit-Card Internal Controls Are Designed to Be Consistent with Federal Standards
Federal Transit Benefit Program: DOTäó»s Debit-Card Internal Controls Are Designed to Be Consistent with Federal Standards
 
Our Price: $20.00
By David J. Wise (au)
Year: 2015
Pages: 33
Binding Paperback
ISBN 978-1-4578-6947-1

Product Code: 1457869470

Description
 
The federal governmentäó»s transit benefit program was established in 1993 to expand federal employeesäó» use of public transportation by providing transit vouchers and passes for public transit. In FY 2014, 106 federal entities entered into interagency agreements with the Dept. of Transportationäó»s (DOT) Office of Transportation Services (TRANServe) to distribute about $210 million in transit benefits to their employees. In 2011, TRANServe introduced the TRANServe debit card with selected federal entities. This report describes the extent to which DOT has (1) designed internal controls to provide assurance that federal employees do not use the debit card to make non-transit-related purchases; and (2) worked with IRS to ensure its debit-card program met requirements for excludable qualified transportation fringe benefits in relevant statutes, Treasury regulations, and IRS rules. Tables and figures. This is a print on demand report.

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