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- All Subjects: Arizona
- Creators: Valley Metro Rail
- Member of: Arizona State and Local Government Documents Collection
METRO's management is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of METRO are protected from loss, theft, or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements.
The Operating and Capital Budget is prepared with the goal of delivering a fiscally prudent, balanced budget. A Five-Year Capital and Operating Program identifies anticipated capital projects, their anticipated capital and operating costs, and funding sources.
METRO is the brand name for Valley Metro Rail Inc., a nonprofit, public corporation charged with the design, construction and operation of the region’s 57-mile high-capacity transit system. Member cities each have a representative on the METRO Board of Directors which establishes overall policies and provides general oversight of the agency and its responsibilities.
The development of a Life Cycle program began for each of the three major transportation elements identified within the Regional Transportation Plan. The RPTA is responsible for preparation of the transit component of the Life Cycle program, and METRO has been further delegated the responsibility to prepare the high capacity transit/light rail transit element.