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CMT Association Financial Position

The CMT Association is pleased to announce the satisfactory audit completion of the CMT Association financial results for the fiscal year ending June 30th, 2011.

The CMT Association recorded:

• Total Revenues of $2,257,000
• An Operating Deficit of $24,700
• Net Assets of $1,552,000, the majority of which is comprised of cash and bank certificates of deposit.

These financial results were reviewed by our external auditors, McGladrey & Pullen. In addition, the auditors have provided a report to the CMT Association Audit Committee in relation to various internal control matters. We are pleased to report that for the fiscal year ending June 30th, 2011, there were no audit adjustments proposed to our accounting records and no recommendations for internal control improvement.

For a complete electronic version of the financial report, please contact CMT Association Controller Diana Perez at diana@mta.org or 646-652-3300.