Financial Statements

The Authority’s basic financial statements consist of three components:

• Government-wide financial statements
• Fund financial statements
• The notes to the financial statements

The annual Financial and Compliance Reports also include supplementary information intended to furnish additional detail to support the basic financial statements themselves.

The annual Financial Statements include all of the activities that are part of the Authority reporting entity using the integrated approach as prescribed by the Governmental Accounting Standards Board (GASB). The government-wide financial statements present the financial picture of the Authority’s governmental activities from the economic resources measurement focus using the accrual basis of accounting. The governmental funds are prepared using the current financial resources measurement focus and modified accrual basis of accounting. A reconciliation of the fund financial statements to the government-wide financial statements is provided to explain the differences created by the integrated approach.

The Authority operates on a July 1 to June 30 fiscal year. Audited Financial and Compliance Reports are presented below for each year of audited financial activity commencing with the receipt of HB 2313 revenues.

• FY2024 NVTA Financial and Compliance Reports – Accepted November 14, 2024
• FY2023 NVTA Financial and Compliance Reports – Accepted November 12, 2023
• FY2022 NVTA Financial and Compliance Reports – Accepted November 10, 2022
• FY2021 NVTA Financial and Compliance Reports – Accepted November 18, 2021
• FY2020 NVTA Financial and Compliance Reports – Accepted November 12, 2020
• FY2019 NVTA Financial and Compliance Reports – Accepted November 14, 2019
• FY2018 NVTA Financial and Compliance Reports – Accepted November 8, 2018
• FY2017 NVTA Financial and Compliance Reports – Accepted November 9, 2017
• FY2016 NVTA Financial and Compliance Reports – Accepted October 13, 2016
• FY2015 NVTA Financial and Compliance Reports – Accepted November 12, 2015
• FY2014 NVTA Financial and Compliance Reports – Accepted October 24, 2014

Budget Statements

Budget statements are presented for the Regional Revenue Fund Budget, 30% Distribution Fund Budget, and the Operating Budget. Any budget amendments are presented below the appropriate budget by fiscal year.

FY2025

• FY2025 Local Distribution 30% Fund Budget – Adopted April 11, 2023
• FY2025 Regional Revenue 70% Fund Budget – Adopted April 11, 2023
• FY2025 Operating Budget – Adopted April 11, 2023

FY2024

• FY2024 Local Distribution 30% Fund Budget – Adopted March 9, 2023
• FY2024 Regional Revenue 70% Fund Budget – Adopted March 9, 2023
• FY2024 Operating Budget – Adopted March 9, 2023

FY2023

• FY2023 Local Distribution 30% Fund Budget – Adopted April 21, 2022
• FY2023 Regional Revenue 70% Fund Budget – Adopted April 21, 2022
• FY2023 Operating Budget – Adopted April 21, 2022

FY2022

• FY2022 Local Distribution 30% Fund Budget – Adopted April 8, 2021
• FY2022 Regional Revenue 70% Fund Budget – Adopted April 8, 2021
• FY2022 Operating Budget– Adopted April 8, 2021

FY2021

• FY2021 Local Distribution 30% Fund Budget – Adopted March 12, 2020
• FY2021 Regional Revenue 70% Fund Budget – Adopted March 12, 2020
• FY2021 Operating Budget – Adopted March 12, 2020

FY2020

• FY2020 Local Distribution 30% Fund Budget – Adopted April 11, 2019
• FY2020 Regional Revenue 70% Fund Budget – Adopted April 11, 2019
• FY2020 Operating Budget – Adopted April 11, 2019

FY2019

• FY2019 Local Distribution 30% Fund Budget – Adopted May 10, 2018
• FY2019 Regional Revenue 70% Fund Budget – Adopted May 10, 2018
• FY2019 Operating Budget – Adopted May 10, 2018

FY2018

• FY2018 Local Distribution 30% Fund Budget (proposed) – Adopted January 12, 2017
• FY2018 Regional Revenue 70% Fund Budget (proposed) – Adopted January 12, 2017
• FY2018 Operating Budget (proposed) – Adopted January 12, 2017

FY2017

• FY2017 Local Distribution 30% Fund Budget (proposed) – Adopted March 10, 2016
• FY2017 Regional Revenue 70% Fund Budget (proposed) – Adopted March 10, 2016
• FY2017 Operating Budget (proposed) – Adopted March 10, 2016
• FY2017 Operating Budget Revision (proposed) – Revised January 12, 2017
• FY2017 Operating Budget Revision (proposed) – Revised March 23, 2017

FY2016

• FY2016 Local Distribution 30% Fund Budget (proposed) – Adopted February 26, 2015
• FY2016 Regional Revenue 70% Fund Budget (proposed) – Adopted April 23, 2015
• FY2016 Regional Revenue 70% Fund Budget (proposed) – Revised September 24, 2015
• FY2016 Regional Revenue 70% Fund Budget (proposed) – Revised March 10, 2016
• FY2016 Operating Budget (proposed) – Adopted February 26, 2015
• FY2016 Operating Budget (proposed) – Revised March 10, 2016

FY2015

• FY2015 Local Distribution 30% Fund Budget (proposed) – Adopted May 8, 2014
• FY2015 Regional Revenue 70% Fund Budget (proposed) – Adopted May 8, 2014
• FY2015 Operating Budget (proposed) – Adopted May 8, 2014

FY2014

• FY2014 Operating Budget (proposed) – Adopted September 26, 2013