CCTA Wins Prestigious Financial Reporting Award

CCTA Wins Prestigious Financial Reporting Award

Tuesday, July 30, 2019

Contact Information

Linsey Willis

Director, External Affairs

925.256.4728

  lwillis@ccta.net

Issued By

Contra Costa Transportation authority

CONTRA COSTA TRANSPORTATION AUTHORITY AWARDED CERTIFICATE OF EXCELLENCE IN FINANCIAL REPORTING

WALNUT CREEK, CA – The Contra Costa Transportation Authority (CCTA) consistently strives to achieve the highest standards in its governmental accounting and financial reporting. Its recent Good Government award from the Contra Costa Taxpayers Association – coupled with winning yet another Certificate of Achievement of Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) – proves once again, that CCTA is an outstanding steward of taxpayer dollars.
Graphic depicting 7 years of winning the GFOA Award

CCTA received its seventh consecutive Certificate of Achievement of Excellence in Financial Reporting from the Government Finance Officers Association of the US and Canada for its recent Comprehensive Annual Financial Report (CAFR). This CAFR, which captures the agency’s financial reporting through June 30, 2018, was judged by an impartial panel that concluded it met high standards including demonstrating a constructive “spirit of disclosure” to clearly communicate its financial story. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals.

 

 “CCTA is passionate about strategic management of our financial operations and maximizing the value Contra Costa residents receive for their transportation investment,” stated Executive Director Randy Iwasaki. “Our Board and staff are deeply committed to serving as responsible stewards of taxpayers’ dollars and are truly honored for this recognition of our work.” To view CCTA’s CAFR, click here

 

CCTA has long exemplified best practices in transparently managing taxpayer dollars. In fact, the Contra Costa Taxpayers Association honored CCTA with a Silver Medal Award for Good Government in July 2019.  The agency efficiently operates using only one percent of its annual budget for administrative costs. Additionally, CCTA has made a habit of successfully leveraging other local, regional and federal funding sources to complement the half-cent sales tax that it invests in local transportation infrastructure, mobility technology, and a variety of programs.

 

Over the past year, CCTA’s smart use of funds has helped enhance the quality of life for Contra Costa residents including the launch of Ferry Service from Richmond, the completion of the BART extension to Antioch, and helping to fund free rides for seniors and students.

About The Contra Costa Transportation Authority

The Contra Costa Transportation Authority (CCTA) is a public agency formed by Contra Costa voters in 1988 to manage the county’s transportation sales tax program and oversee countywide transportation planning efforts. With a staff of twenty people managing a multi-billion-dollar suite of projects and programs, CCTA is responsible for planning, funding and delivering critical transportation infrastructure projects and programs that connect our communities, foster a strong economy, increase sustainability, and safely and efficiently get people where they need to go. CCTA also serves as the county’s designated Congestion Management Agency, responsible for putting programs in place to keep traffic levels manageable. More information about CCTA is available at ccta.net