Metro Transit audit reveals clean financial report and increased cash reserves

June 19, 2025 | Waukesha City, Waukesha County, Wisconsin

Thanks to Scribe from Workplace AI , all articles about Wisconsin are free for you to enjoy throughout 2025!


Metro Transit audit reveals clean financial report and increased cash reserves

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The City of Waukesha's Transit Commission meeting on June 19, 2025, kicked off with a quorum established and a pledge of allegiance. The meeting quickly moved to the approval of minutes from the previous meeting, which passed unanimously.

A significant highlight of the evening was the presentation of the 2024 financial audit by Jody Dobson from Baker Tilly. Dobson reported that the Metro Transit financial statements received a "clean" or "unmodified audit opinion," the highest level of assurance, indicating that the financial position and operations were fairly presented. This clean audit reflects well on the management and oversight of the transit system.

Dobson noted that there were no material entries or corrections needed, emphasizing the consistency of the financial information provided throughout the year. However, she stressed the importance of continued oversight from the governing body, particularly due to the small staff at the transit department.

The audit also highlighted an increase in ridership and a slight uptick in operating revenues, attributed to the effective use of federal ARPA funds. Operating expenses saw a decrease, primarily in purchased transportation costs. Notably, cash reserves for Metro Transit rose significantly from $190,000 to $690,000, providing a buffer for any unexpected future costs.

The meeting concluded with an invitation for questions, underscoring the commission's commitment to transparency and community engagement in transit operations. The positive audit results and financial highlights signal a robust outlook for Waukesha's transit services as they prepare for future challenges and opportunities.

Converted from City of Waukesha, WI - Transit Commission Meeting on 2025-06-19 5:30 PM - Jun 19, 2025 meeting on June 19, 2025
Link to Full Meeting

Comments

    View full meeting

    This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

    View full meeting

    Sponsors

    Proudly supported by sponsors who keep Wisconsin articles free in 2025

    Scribe from Workplace AI
    Scribe from Workplace AI