Working ST06 SINGLE AUDIT REPORT

Central Puget Sound Regional Transit Authority Single Audit Reports for the Year Ended December 31, 2006 CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY TABLE OF CONTENTS Audited Financial Statements Management’s Discussion and Analysis ..................................................................................1 Independent Auditors’ Report.................................................................................................17 Basic Financial Statements Balance Sheets..................................................................................................................19 Statements of Revenues, Expenses and Changes in Net Assets .....................................20 Statements of Cash Flows21 Notes to Financial Statements ...........................................................................................23 Single Audit Reports Independent Auditors’ Report on Compliance and on Internal Control Over Financial Reporting Based on An Audit of Financial Statements Performed in Accordance With Government Auditing Standards ..............................................................................41 Independent Auditors’ Report on Compliance With Requirements Applicable to Each Major Program and on Internal Control Over Compliance in Accordance With OMB Circular A-133 .................................................................................................43 ...