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group of people in budget meeting

United as one, but maintained separately, the financials for Valley Metro and Valley Metro Rail are operated with individual revenues and expenses.

Each operating and capital budget has been prepared with the goal of delivering a fiscally prudent, balanced budget.

Comprehensive Annual Financial Reports

State statute requires that the Valley Metro Regional Public Transportation Authority issue a report on its financial position and activity, and that this report be audited by an independent firm of certified public accountants.

Single Audit Reports

The Single Audit Reports for the Valley Metro Regional Public Transportation Authority and Valley Metro Rail, Inc. are annual publications that provide information about the expenditures of Federal awards. The reports include the Auditor’s reports on internal control and compliance as well as findings and questioned costs relating to financial statements and Federal programs.