At NVTA, the Finance team acts as the strategic steward of the Authority’s revenue. The team’s responsibilities span revenue forecasting, budget management, fund investment, debt management, financial reporting, and ensuring compliance with legal and policy requirements. Through prudent fiscal management, the team ensures that every dollar is allocated efficiently, aligned with NVTA’s strategic priorities, and used in a transparent, accountable way.
Current Revenue Estimates
The Authority revenue estimates are monitored monthly and updated every two years in advance of each update to the Six Year Program. The revenue estimates are further refined to determine the PayGo level for the next Six Year Program. PayGo is the amount of revenue available on a cash basis to fund regional transportation projects chosen by the Authority.
Financial Statements & Budgets
For transparency and as required by relevant laws and regulations, the Authority submits its entire financial operation to an annual, external and independent audit. The audit process results in the production and certification of the annual Financial and Compliance Reports consisting of government-wide financial statements, fund financial statements, and the notes to the financial statements
Bond Holder Information
Debit Issuance Information
Below are the Authority’s current credit ratings. These ratings are based on the ratings for the Authority’s single issuance Transportation Special Tax Revenue Bonds, Series 2014. Since the Authority’s revenue stream and tax rates are set by the Virginia General Assembly, ratings standards dictate that the NVTA rating can not be as high as the Commonwealth’s current AAA. Hence the AA+ ratings are the highest possible for the Authority to obtain.