Former JTA finance chief questioned about his part in $40M shortfall

The Jacksonville City Council’s financial audit and oversight committee met Tuesday to question former Jacksonville Transportation Authority Chief Financial Officer Raj Srinath about how the agency accumulated a $40 million deficit.Committee members grew frustrated at times, saying Srinath wasn’t directly answering their questions.Srinath pointed to the NAVI program as a major source of financial strain on JTA. He also told the committee he had not been providing financial projections to the agency’s board, saying those projections were not included in board packets he reviewed during the full year before he joined the agency.Auditors disputed that claim, saying board packets predating Srinath’s tenure did include a page showing year-to-date projections.Srinath said he first became concerned about JTA’s financial situation in fall 2024 because of issues with unbilled receivables.Council member Chris Miller, At-Large Group 5, pressed Srinath on whether he had an exit interview with JTA’