Metro Waste Authority (MWA) has received an unqualified or "clean" opinion on its 2008-2009 financial statements, marking more than 16 consecutive years that MWA has received a clean opinion. Denman & Company, LLP, completed the audit.
“Sixteen consecutive years of clean audits says a lot about Metro Waste Authority and how we run our agency,” said Tom Hadden, MWA executive director since 1996. “Our dedicated finance department works throughout the year to make sure that MWA’s resources are used wisely and reported accurately.”
The financial statements showed that MWA’s Operating Accounts revenues totaled $22.3 million for the year ended June 30, 2009. This is a 4.2 percent increase from 2008. These revenues were generated from the Metro Park East Landfill, the Metro Park West Landfill, the Metro Transfer Station, the Metro Compost Center, the Regional Collection Center and the Curb It! curbside recycling program.
The Operating Accounts expenses for the year totaled $17 million, which is an 14 percent increase from the prior year and includes $15.7 million for operating expenses (excluding depreciation and amortization) and $1.3 million for the landfill’s closure and post-closure care costs required by state and federal regulations.
A clean audit opinion provides independent confirmation that MWA’s financial statements are presented fairly and in conformity with generally accepted accounting principles. Accurate and timely information ensures MWA’s accountability to its member communities and allows the MWA Board and staff to make informed operational, budget and policy decisions.
A copy of the audit report is available for review in either the Office of the Auditor of State or MWA’s central office.
