Report No. 2010-103
August 2010
Complete Audit Report
Findings in the audit of the Brentwood/Strassner Road Transportation Development District
Financial Status
The State Auditor's office (SAO) conducted an audit of the Brentwood/Strassner Road Transportation Development District (TDD) as required by Section 238.275, RSMo, to determine if the district's financial condition is such that it may be abolished prior to submitting the question of abolishing the district to a vote.
The Brentwood/Strassner Road TDD was organized in May 2004, after petition by the City of Brentwood and St. Louis County and approval of the registered voters within the district. It is located in the City of Brentwood, in St. Louis County. The district was formed for the purpose of acquiring and constructing several transportation projects with a total estimated cost of approximately $8.4 million. The City of Brentwood, St. Louis County, Metro, and the Missouri Department of Transportation were the public entities with jurisdiction over these projects.
In October 2008, a petition was filed to create the Hanley Road Corridor TDD, which includes a portion of the area encompassed by the Brentwood/Strassner Road TDD. This new TDD was subsequently organized in 2009 for the purpose of consolidating the activities and paying the costs of financing or refinancing certain transportation-related improvements of the Brentwood/Strassner Road TDD and four other local TDDs. In November 2009, the Brentwood/Strassner Road TDD Board approved a resolution formalizing its intent to dissolve the district and request an audit by the SAO as required by state law, prior to submitting the question of abolishing the district to a vote.
Our audit of the Brentwood/Strassner Road TDD concluded the district's financial condition is such that it may be abolished and the TDD's Board of Directors can proceed with the abolishment of the district.
Complete Audit Report
Missouri State Auditor's Office
moaudit@auditor.mo.gov