For the eight year in a row, the Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Alameda County Transportation Commission (Alameda CTC) by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2019. The award signifies the highest form of recognition in the area of governmental accounting and financial reporting, and receiving it represents significant accomplishments by a government and its management. “Alameda County transportation sales tax dollars are in safe hands. Receiving the GFOA award is testimony to the excellent fiscal leadership and financial transparency that ensures the promise to Alameda County taxpayers to deliver critical transportation projects and programs is upheld,” says Alameda CTC Chair Pauline Cutter.
Alameda CTC’s CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story. “It is because of this and the steadfast leadership of Patricia Reavey, Deputy Executive Director of Finance and Administration, that Alameda CTC has been awarded the GFOA’s Certificate of Achievement for Excellence in Financial Reporting for the eighth consecutive year,” says Alameda CTC Executive Director Tess Lengyel.
The GFOA is a major professional association servicing the needs of over 20,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. Established in 1945, it provides top quality publications, training programs, services and products designed to enhance the skills and performance of those responsible for government finance policy and management.
For more detailed information, see the Press Release.