Capital Metro is
Austin, Texas, Dec. 4, 2012
– For the third consecutive year, Capital Metro has earned the Texas
Comptroller’s Gold Leadership Circle designation for the transit
authority’s commitment to financial transparency online.
recognizes local governments that strive to meet a high standard of financial
transparency by opening their books to the public and providing information in
a clear, consistent and user-friendly format. Capital Metro was the first Texas transit agency to
earn the Gold transparency rating from the Texas Comptroller.
Metro has worked hard over the past few years to get its financial house in
order and gain the public’s trust,” said Capital Metro President/CEO Linda S.
Watson. “I am pleased to have led Capital Metro on this path to greater
accountability, fiscal responsibility and transparency.”
Senator Kirk Watson, "Capital Metro has done a ton of hard work over the past
three years to transform the agency into a model of best practices. Their
financial transparency efforts demonstrate their commitment to being
accountable to the public on current and future investments in our
comprehensive transportation system."
joined by Mike Martinez, Austin
city council member and Capital Metro chairman, and Sandy Guzman, legislative director
for Senator Watson, at a press conference today to announce the award.
Metro’s strong financial position and stability enables it to invest
strategically in the region’s mobility. The transit agency is implementing a
five-year capital improvement plan, which will help build a strong
infrastructure throughout the entire five-county region. These improvements
include MetroRapid, a new high-capacity transit mode coming to Austin’s busiest streets in 2014, the
addition of more efficient and comfortable buses to the fleet, and implementation
of Positive Train Control on its commuter rail line.
may easily review Capital Metro’s financial plans and transaction at capmetro.org/transparency.
following information is readily available for viewing:
payable check register (first Texas
transit system to provide online).
card transaction register (first Texas
transit system to provide online).
budget for the current and previous four years.
payroll expenditures (new for 2012).
financial status reports that include income statements, budget variances by
department, capital expenditures and projected cash flows.
catalog record showing the status of all contracts including dates, vendors,
expenditures and percentages of completion.
Annual Financial Reports (CAFR) from the past five years.
Triennial Reviews since 2003.
Quadrennial Reviews since 2004.
Audit summary reports from the past five years.
Metro’s Watson, “We’ve made transparency and financial stability a cornerstone
of the way we do business so we will have the resources necessary to invest in
our future, a future that will give all Central Texans more transportation
ABOUT CAPITAL METRO
Metro’s mission is to connect people, jobs and communities by providing
high-quality and sustainable transportation choices for our community. Capital
Metro boasts the highest per capita ridership in Texas, providing an average of 110,000 rides
each weekday onboard its local, flyer and express bus routes and Capital
MetroRail, the region’s first commuter rail system. Capital Metro also provides
MetroAccess service for passengers with disabilities, van and carpool
coordination, and freight rail service. For more information, including
an online trip planner, visit www.capmetro.org or call (512)
MEDIA CONTACT INFORMATION:
Erica Macioge, (512) 369-6085, (512) 636-7232 cell, firstname.lastname@example.org
Francine Pares, (512) 389-7435, (949) 244-4574 cell, email@example.com