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6/24/2004



Rail News: Passenger Rail

Auditors report: Seattle's Sound Transit is financially sound




For the seventh-straight year, independent financial auditors have given Sound Transit a clean bill of financial health.

After reviewing the agency’s 2003 financial management and transactions — which more than doubled compared with last year because Sound Transit moved ahead with several projects — auditors found no reportable conditions involving internal control or instances of non-compliance, according to a prepared statement.


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