Fi­nan­cial Re­port­ing Ku­dos For Re­gional Tran­sit Dis­trict

Escalon Times - - NEWS -

The Cer­tifi­cate of Achieve­ment for Ex­cel­lence in Fi­nan­cial Re­port­ing has been awarded once again to San Joaquin Re­gional Tran­sit Dis­trict (RTD) by Gov­ern­ment Fi­nance Of­fi­cers As­so­ci­a­tion of the United States and Canada (GFOA) for its Com­pre­hen­sive An­nual Fi­nan­cial Re­port (CAFR). The Cer­tifi­cate of Achieve­ment is the high­est form of recog­ni­tion in the area of gov­ern­men­tal ac­count­ing and fi­nan­cial re­port­ing, and its at­tain­ment rep­re­sents a sig­nif­i­cant ac­com­plish­ment by a gov­ern­ment and its man­age­ment.

This honor is pre­sented to the depart­ment des­ig­nated by the gov­ern­ment as pri­mar­ily re­spon­si­ble for pre­par­ing the award-win­ning CAFR. The CAFR has been judged by an im­par­tial panel to meet the high stan­dards of the pro­gram, which in­cludes demon­strat­ing a con­struc­tive “spirit of full dis­clo­sure” to clearly com­mu­ni­cate its fi­nan­cial story and mo­ti­vate po­ten­tial users and user groups to read the CAFR.

“Win­ning this pres­ti­gious recog­ni­tion 14 years in a row is a re­sult of the ded­i­ca­tion of our em­ploy­ees,” said RTD Di­rec­tor of Fi­nance, Vir­ginia Al­cayde. “The cer­tifi­cate from Gov­ern­ment Fi­nance Of­fi­cers As­so­ci­a­tion in­di­cates good use and man­age­ment of re­sources, such as fund­ing and as­sets, by RTD.”

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