Stay updated on news, articles and information for the rail industry
- Short Lines & Regionals
- Passenger Rail
- Legislative & Reg.
- Rail Industry Trends
- Supplier Spotlight
- High Speed Rail
Rail News: Passenger Rail
VRE honored for financial reporting
The certificate is the highest form of recognition in governmental accounting and financial reporting, VRE officials said in a press release.
The GFOA panel determined that VRE’s financial report for fiscal years 2017 and 2018 demonstrated a “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report, according to the GFOA.
"Transparency in financial reporting is an obligation that VRE takes seriously," said Doug Allen, the commuter railroad's chief executive officer. "We are committed to ensuring that our riders, the jurisdictions that help fund our service, and anyone with an interest in VRE can understand and appreciate our financial position."
Contact Progressive Railroading editorial staff.