Financial and Bond Information

Financial Statements

The purpose of the fiscal audit is to provide an independent assessment that the Authority's financial statements accurately portray, based on Generally Accepted Accounting Principles, the financial activities of the Authority that occurred during the year. Our independent auditors have issued an unqualified report in that regard. In the opinion of the auditors, the financial statements present fairly, in all material respects, the financial position of the Authority. The audited financial statements for the past three years may be downloaded below.

Budget

The Authority adopts an annual budget each June, following a public hearing. The budget includes the annual operating costs for administrative functions, project oversight and management, as well as regional planning, congestion management, and transportation demand management activities. The budget also includes the program distributions to local jurisdictions for street maintenance, to transit providers for bus transit and paratransit services, and to various public agencies for carpool/vanpool programs. Annual capital project expenditures are included in the budget consistent with the adopted 2011 Measure J Strategic Plan. Finally, the budget includes the annual debt service requirements for outstanding bond obligations. The budget may be amended by Authority Board action during the year. The current budget may be downloaded below.

Other Finance Reports

The Authority Board receives and accepts other finance related reports, including interim financial statements, quarterly sales tax reports, and monthly investment reports. Reports accepted during the past 12 months can be downloaded below.

Internal (unaudited) Accounting Reports

Quarterly Sales Tax Revenue Reports

Investment Policy

Monthly Cash and Investment Reports

2010 Authority Bond Financing Program

At its meeting of September 22, 2010, the Authority Board unanimously approved
Resolution 10-38-A authorizing the execution and delivery of the Sales Tax Revenue 2010 Bonds. On October 1, 2010, the Authority issued Bonds in the par amount of $200.99 million. To view the final documents referenced in Resolution 10-38-A and other pertinent information, follow the links below:

2012 Authority Bond Financing Program

On November 14, 2012, the Contra Costa Transportation Authority approved Resolution 12-66-A authorizing the issuance of not to exceed $403,000,000 aggregate principal amount of Contra Costa Transportation Authority Sales Tax Revenue Bonds, in two separate series, including Series 2012A Bonds and Series 2012B Bonds. The Resolution and DRAFT versions of the referenced documents are available for public review either at Authority's office at 2999 Oak Road, Suite 100 in Walnut Creek, California, or online by following the links below:

Documents Related to the Authority's Interest Rate Swap

The Authority has an Interest Rate Swap with Bank of America. The purpose of the Swap is to provide a long-term hedge against variable interest rate exposure on the Authority's 2012 Series B Bonds. To obtain the major documents related to the Swap, follow the links below:

For copies or questions on the reports referenced here, please contact Randall Carlton at 925-256-4725 or by email at rcarlton@ccta.net

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