Excel City and Excel County are partners in the Excel Transportation Authority, which is a separate legal entity. Both the city and the county are obligated to fund any debt defaults or operating deficits of the authority, which is deemed to be highly unlikely. The authority has seven board members: three appointed by the city, three appointed by the county, and one appointed by Wileytown, which is in the Excel Metropolitan Area. Both Excel City and Excel County should report the Excel Transportation as O A related organization. O A jointly governed organization. A joint venture. A discretely presented component unit