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Commission accepts Metro Transit’s 2024 audited financial statements; auditors issue unmodified opinion
Summary
Baker Tilly presented Metro Transit’s 2024 audited financial statements and reported an unmodified (clean) opinion after management‑led restatements to 2023. The Transportation Commission accepted the audit report unanimously Aug. 13.
Baker Tilly presented the 2024 audit of Metro Transit’s financial statements to the Madison Transportation Commission Aug. 13 and the commission voted unanimously to accept the audit report.
Jody Dobson, the audit principal for Baker Tilly, told the commission the audit work examined internal controls, revenues, disbursements, payroll and grants. After testing and discussions with management, the firm issued an unmodified — commonly called a clean — opinion that the financial statements fairly present Metro Transit’s financial position and results of operations for 2024.
Dobson said the audit process identified restatements to the 2023 transit financial statements that management…
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