07 CAFR cover FINAL.p65 - WMATA.com

Washington Metropolitan Area Transit AuthorityFY 2007 Comprehensive Annual Financial ReportComprehensive Annual Financial ReportYear Ended June 30, 2007Table of ContentsSECTION ONE - INTRODUCTORY(Unaudited)Letter of Transmittal 1Board of Directors 5Agency Oversight 6Organizational Chart and Officers 7Certificate of Achievement for Excellence in Financial Reporting 8SECTION TWO - FINANCIALIndependent Auditors' Report 9Management’s Discussion and Analysis 11Financial Statements:Statement of Net Assets 21Statements of Revenues, Expenses and Changes inNet Assets 23Statements of Cash Flows 24Notes to Financial Statements 26Required Supplementary InformationSchedules of Funding Progress 52SECTION THREE - STATISTICAL(Unaudited)Net Assets by Component 53Changes in Net Assets 54Principal Revenue Pay Categories 55Passenger Fare Structure 56Pledged-Revenue Coverage 57Ten Major Private Employers 58Authorized Employee Positions 59Operating Indicators 60Metrorail System Map 61