Thursday, March 01, 2012
Other folks money
"A $182.6 million Transport Ministry book-keeping error took 10 months to be uncovered.
A Parliamentary select committee heard today that the manager responsible for the blunder in 2010 resigned after it was uncovered in 2010.
The New Zealand Transport Agency was told data in the ministry's cashflow forecasting model - also used by the agency - was wrong, leading to the error.
Cash outflow from NZTA's National Land Transport Fund had not been recorded by the ministry, meaning there was far less money in the notional account than the ministry had advised..."
Is THIS the reason for the 'show no mercy' campaign against the sin of breaking an arbitrary speed restriction?