CCTA Wins Prestigious Financial Reporting 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.”

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.

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.” 

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.