The bill focuses on the financial reporting and accounting practices for the Greater Attleboro-Taunton Regional Transit Authority (GATRA) for the fiscal year ending June 30, 2024. It includes significant insertions such as the requirement for investments to be reported at fair value, the reporting of the Authority's capital assets, which increased to a net value of $25,437,495, and the total Other Post-Employment Benefits (OPEB) liability, reported at $6,377,090. The bill also details the Authority's pension plan, including a net pension liability of $1,515,830, and emphasizes the importance of maintaining accurate financial records and adhering to statutory requirements.

Additionally, the bill outlines the responsibilities of management and auditors in preparing and auditing the financial statements, highlighting the need for transparency and accountability, especially in light of the COVID-19 pandemic's impact on GATRA's operations. The financial statements reflect a recovery from the pandemic, with an increase in total current assets and operating revenues, while also detailing liabilities and capital investments. The bill aims to ensure that GATRA's financial reporting is comprehensive and accurately reflects its operational realities, providing a clear overview of its financial health and obligations.