Safety, Service and Financial Responsibility - Comprehensive Annual Financial Report - For the Fiscal Years Ended June 30, 2017 and 2016

Sep 4, 2026

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Comprehensive Annual Financial Report (CAFR) covering Washington Metropolitan Area Transit Authority’s financial performance and position for the fiscal years ended June 30, 2017 and 2016. Includes an independent auditor’s report, management’s discussion and analysis, basic financial statements (net position, revenues/expenses and cash flows), and detailed notes. Provides required supplementary schedules on pension and postemployment benefits and statistical unaudited exhibits covering financial trends, revenue capacity, debt capacity, demographic data, and operating indicators, supporting transparency and accountability in public transportation operations.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages134

Reading Time5 h 38 min

AccessFree to download

SECTION ONE – INTRODUCTORY (unaudited)

Letter of Transmittal

Board of Directors

General Manager’s Executive Leadership Team

Organizational Chart

Certificate of Achievement for Excellence in Financial Reporting

SECTION TWO – FINANCIAL

Independent Auditor’s Report

Management’s Discussion and Analysis (unaudited)

Basic Financial Statements

Notes to the Basic Financial Statements

Required Supplementary Information (unaudited)

SECTION THREE – STATISTICAL (unaudited)

Financial Trends

Revenue Capacity

Debt Capacity

Demographic and Economic Information

Operating Information

SA F ETY, S E RV IC E A N D F I NA NC IA L R ESPO NS I B I LITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEARS ENDED JUNE 30, 2017 AND 2016 WASH I N GTO N M ET RO PO LITA N A R EA T RA NS IT AUT HO R ITY Washington, D.C. SA F ETY, S E RV IC E A N D F I NA NC IA L R ESPO NS I B I LITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEARS ENDED JUNE 30, 2017 AND 2016 Dennis Anosike, Chief Financial Ofﬁcer La Toya Thomas , Comptroller Prepared by the Ofﬁce of Accounting WASH I N GTO N M ET RO PO LITA N A R EA T RA NS IT AUT HO R ITY Washington, D.C. This Comprehensive Annual Financial Report (CAFR) was prepared by: Office of the Chief Financial Officer Comptroller, Office of Accounting Washington Metropolitan Area Transit Authority 600 Fifth St. , NW Washington, D.C. 20001 (202) 962-1602 [www.wmata.com](www.wmata.com) Dennis Anosike Chief Financial Officer La Toya Thomas , CPA, CGFM Comptroller Liza Fitzgerald, CPA, CGMA Assistant Comptroller Fawzia Hafeez, FCA Assistant Comptroller Anthony Pompa Acting Assistant Comptroller CAFR Project Team: Cheryl Douglas , FCCA, CPA Financial Control Manager Lauren Han, CPA General Ledger Supervisor Lori Lloyd-Smith, CGFM Financial Analyst/ Audit Liaison Julie Barrientos , CPA Audit Readiness Support Marion Buchite, CPA Audit Liaison Comprehensive Annual Financial Report For the Fiscal Years Ended June 30, 2017 and 2016 Table of Contents Page SECTION ONE – INTRODUCTORY (unaudited) Letter of Transmittal ............................................................................................................................... vii Board of Directors ................................................................................................................................. xiv General Manager’s Executive Leadership Team ................................................................................ xvii Organizational Chart ........................................................................................................................... xviii Certificate of Achievement for Excellence in Financial Reporting ........................................................xix SECTION TWO – FINANCIAL Independent Auditor’s Report ................................................................................................................. 3 Management’s Discussion and Analysis (unaudited) ............................................................................. 5 Basic Financial Statements: Exhibit 1 – Statements of Net Position ............................................................................................ 16 Exhibit 2 – Statements of Revenues, Expenses, and Changes in Net Position ............................. 18 Exhibit 3 – Statements of Cash Flows ............................................................................................. 19 Notes to the Basic Financial Statements ......................................................................................... 21 Required Supplementary Information (unaudited) : Exhibit 4 – Schedule of Changes in the Net Pension Liability......................................................... 75 Exhibit 5 – Schedule of Employer Contributions ............................................................................. 80 Exhibit 6 – Schedule of Funding Progress – Postemployment Benefits Other Than Pensions ...... 84 Notes to the Required Supplementary Information ......................................................................... 85 SECTION THREE – STATISTICAL (unaudited) Financial Trends: Exhibit 7 – Net Position by Component ........................................................................................... 92 Exhibit 8 – Changes in Net Position ................................................................................................ 94 Revenue Cap

FAQs

What reporting period does the CAFR cover?

The report covers the fiscal years ended June 30, 2017 and 2016.

Which core financial statements are included?

It includes statements of net position, statements of revenues, expenses, and changes in net position, and statements of cash flows.

What additional information beyond the financial statements is provided?

The CAFR includes notes, required supplementary information on pension and postemployment benefits, and unaudited statistical exhibits covering trends, capacity, debt, demographics, and operating indicators.

Sep 4, 2026

Uploaded by Aditya