The document is the independent audit report and accompanying financial statements for the McAllen International Toll Bridge enterprise fund for the fiscal years ending September 30, 2012 and 2011. The auditors gave an unqualified opinion that the statements fairly present the Bridge’s financial position, results of operations, and cash flows in accordance with U.S. GAAP. The report includes a Management Discussion and Analysis and detailed schedules such as net assets, revenues, expenses, cash flows, and traffic data. Net assets grew by about $1.5 million, bringing total assets to roughly $29.1 million for FY 2012.
| Audit opinion | Unqualified – financial statements present fairly in all material respects |
| Net assets increase | $1.5 million |
| Total assets FY 2012 | $29,112,776 |
| Current assets FY 2012 | $2,161,103 |
| Restricted assets FY 2012 | $6,254,785 |
| Net capital assets FY 2012 | $6,783,654 |
| Other assets FY 2012 | $1,354,821 |
| Current liabilities FY 2012 | $163,840 |