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Independent auditors give CTA a clean 2024 opinion; board approves CIP amendment to capture FTA formula funds
Chicago Transit Authority Board · June 12, 2025
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Summary
Crowe and Adelphia issued an unmodified (clean) audit opinion for CTA's 2024 financial statements and federal-program compliance. Separately, the board approved a CIP amendment adding $3.35M in FY25 to reflect CTA's full share of FTA formula funds, bringing the five-year CIP to about $6.986B.
Independent auditors from Crowe and Adelphia (Christine Torres and Anna Austin) reported a clean (unmodified) opinion on the CTA's financial statements for the fiscal year ended Dec. 31, 2024, and on compliance for the major federal programs…
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