Guess how much Capital Metro paid last month for upholstery? Well, you don’t have to guess. The information is at your fingertips on the handy Financial and Audit Information Page on our website.
For the second straight year, the Texas Comptroller of Public Accounts is recognizing Capital Metro as a leader in local government transparency. The Comptroller calls it the Leadership Circle “Gold” certification. The program 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.
Last year, Capital Metro was the first transit system in Texas and the first government agency in Austin area to receive the Gold designation.
Awards are nice, and we get to put the cool gold ball logo on our website again this year. But really what this is all about is doing what’s right. If we hold ourselves to a higher standard of openness, then you’ll have a much clearer picture of how Capital Metro does its business. And if you’re interested, you can pretty much see how every dollar is spent.
Here’s some of what you’ll be able to find online:
- Accounts payable check register (first Texas transit system to provide online)
- Purchase card transaction register (first Texas transit system to provide online)
- Annual budget for the current and previous four years (with enhanced charts added in 2011)
- Monthly financial status reports that include income statements, budget variances by department, capital expenditures and projected cash flows
- Contract catalog record showing the status of all contracts including dates, vendors, expenditures and percentages of completion
- Comprehensive Annual Financial Reports (CAFR) from the past five years
- Federal Triennial Reviews since 2003
- State Quadrennial Reviews since 2004
- Internal Audit summary reports from the past five years
- Executive staff salaries
More public entities have earned the coveted Gold ball this year. Check out the Comptroller’s site to see if your favorite public agency (or second favorite, after Capital Metro) is on the list.