Editor,
Given the questions raised by the recently completed double audit of Island Transit finances, it is important for the public to realize that all of these questions have been addressed by the current board and financial administration. A financial recovery plan is already being implemented. Cash flow problems have been addressed. Current projections show Island Transit operations finishing this year with an operating reserve of approximately $500,000. The draft budget for 2015 shows a similar ending reserve of $450,000 with conservative assumptions of revenues.
A recruitment plan for an interim executive director is on schedule for action in November, and a comprehensive recruitment process for a permanent director will follow with continuing board and public input. The goal has been to address all financial questions as quickly as possible first, and then to recruit and hire executive leadership needed for long-term sustainability of Island Transit, a widely treasured public service for all of Island County.
BOB CLAY
Island Transit
acting executive director
