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Report by Finance Committee (A)03232017Washington Metropolitan Area Transit AuthorityBoard Action/Information Summary ActionInformationMEAD Number: 201857Resolution: Yes Title: Approval of FY18 Operating

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What is financial and budget statements?

Financial and budget statements are documents that provide a summary of an organization's financial performance and financial position, including revenues, expenses, assets, liabilities, and cash flows.

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Businesses, non-profit organizations, government agencies, and other entities are typically required to file financial and budget statements.

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What is the purpose of financial and budget statements?

The purpose of financial and budget statements is to provide stakeholders with information about an organization's financial performance and financial position.

What information must be reported on financial and budget statements?

Financial and budget statements must report information such as revenues, expenses, assets, liabilities, and cash flows.

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