HD 5282 - Berkshire Regional Transit Authority Financial Reporting
Overview
Bill Number: HD 5282
Title: A communication from the Berkshire Regional Transit Authority (see Sections 8(g) and 12 of Chapter 161B of the General Laws) submitting financial statements, supplementary information, and a schedule of expenditures of federal awards and OMB uniform guidance auditors' reports for fiscal year ending June 30, 2025
Status: Placed on file
Introduced: November 17, 2025
Purpose and Intent
This bill is a routine communication from the Berkshire Regional Transit Authority (BRTA) to the state legislature. It submits the BRTA's financial statements, supplementary information, and auditors' reports for the fiscal year ending June 30, 2025, as required under Sections 8(g) and 12 of Chapter 161B of the Massachusetts General Laws.
The purpose is to provide transparency and accountability for the BRTA's use of public funds, including federal grant monies. The financial reporting allows the legislature and the public to review the authority's financial position, operations, and compliance with applicable laws and regulations.
Key Provisions
- Submission of the BRTA's audited financial statements for the fiscal year ending June 30, 2025
- Inclusion of supplementary information, such as management's discussion and analysis
- Provision of a schedule of expenditures of federal awards
- Submission of OMB Uniform Guidance auditors' reports, which assess compliance with federal grant requirements
Affected Parties and Impacts
- The Berkshire Regional Transit Authority is the primary entity affected, as it is required to prepare and submit the financial reports.
- The Massachusetts state legislature will receive and review the BRTA's financial information as part of its oversight responsibilities.
- Taxpayers and the general public will have access to the BRTA's financial statements, allowing for transparency and accountability in the use of public funds.
Procedural and Timeline Considerations
This bill has been placed on file, indicating that it is a routine, administrative communication and not a substantive legislative proposal. The BRTA is required to submit the financial reports annually, so this bill represents the completion of that process for the fiscal year ending June 30, 2025.
