From the Times-News:
The N.C. Department of Transportation spent $740 million beyond what it planned to last year, state auditors said Tuesday as they urged stronger oversight of how DOT and its regional offices handle finances.
The performance review by State Auditor Beth Wood’s office found DOT had spent $6.68 billion on road construction and repairs and other transportation projects for the year ending June 30, 2019. The agency had budgeted $5.94 billion, 12.5% less.
The discrepancy happened because DOT cost estimates were based on past spending levels, not on the specific projects and operations for the year, according to the audit.
The DOT Chief Engineer’s Office also failed to monitor the actual spending of each of the department’s 14 regional offices, auditors said. . .