Metro's CFO Resigns In Wake Of Damning Federal Audit | WAMU 88.5 - American University Radio

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Metro's CFO Resigns In Wake Of Damning Federal Audit

Three weeks after a draft Federal Transit Administration audit uncovered deep mismanagement of grant dollars at Metro, the transit authority’s chief financial officer has announced her resignation.

Carol Kissal, Metro's CFO for the past five years, informed general manager Richard Sarles “she is resigning effective May 16, 2014 to take a position in the private sector,” according to a memo Sarles distributed to WMATA staff today.

While Metro says Kissal is leaving voluntarily, the timing of her departure is raising the question of whether she pushed out. The audit, leaked to the Washington Post last month, discovered no-bid contracts, broken contracting rules, and favored vendors at a time when Metro management is asking the public for billions more to expand its rail system.

In his memorandum today and in remarks to reporters on April 7, the day the Metro board voted unanimously to approve resolutions dealing with the audit’s findings, Sarles praised Kissal’s work in reforming the authority’s once woeful fiscal practices.

“Carol Kissal has done a good job here. She has outlined a lot of the progress that we've made over the past few years,” Sarles said. Kissal was standing right next to her general manager when he spoke those words, and she defended her record.

“I feel really confident and very proud of the work we've done. When I got here in 2008, and what was before us was a big task, so we've actually made a lot of progress. And it was all geared toward fixing the system that was put in place in 2007. And it was geared toward providing more transparency and accountability. That's what the FTA wants,” Kissal said on April 7.

A Metro spokesman declined to comment on where Kissal is going and said she is unavailable for comment.

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