CONTACT: Eric Young, SFCTA; 415-522-4816 office, eric.young@sfcta.org
Reflecting its commitment to outstanding stewardship of taxpayer dollars, the San Francisco County Transportation Authority has earned a Certificate of Achievement from the Government Finance Officers Association, the highest form of recognition in the area of governmental accounting and financial reporting.
This is the fifth consecutive year the Transportation Authority has earned the certificate.
“We are grateful to the Government Finance Officers Association for this award, which highlights the Transportation Authority’s ongoing dedication to transparency and accountability,” said Transportation Authority Board Chair Rafael Mandelman (District 8). “This recognition, combined with the agency’s AAA bond rating, affirms the agency’s sound fiscal practices and astute management of public funds.”
The Certificate of Achievement was given to the Transportation Authority for its annual comprehensive financial report for the fiscal year ended June 30, 2020. The certificate was 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 the agency’s financial story and engage the public to read the annual comprehensive financial report.
“The Government Finance Officers Association recognition - along with 18 consecutive years of clean audits - affirms our agency’s continuing commitment to excellence in financial management,” said Tilly Chang, Executive Director of the Transportation Authority. “I am proud of our agency’s track record and thank staff for their thorough and accurate reporting of our activities to the public.”
The Transportation Authority plans, funds, and delivers transportation projects to improve travel choices for residents, commuters, and visitors throughout San Francisco. In its funding role, the Transportation Authority administers approximately $110 million annually generated from San Francisco’s half-cent transportation sales tax, the city’s Proposition AA vehicle registration fee ($10 per registered vehicle), Transportation Fund for Clean Air program ($4 per vehicle), and TNC Tax.
Learn more about the Transportation Authority’s funding role.
About the San Francisco County Transportation Authority (sfcta.org)
The San Francisco County Transportation Authority’s mission is to make travel safer, healthier, and easier for all. We plan, fund, and deliver local and regional projects to improve travel choices for residents, commuters, and visitors throughout the city. The Transportation Authority Board consists of the 11 members of the San Francisco Board of Supervisors, who act as Transportation Authority Board Members. Board Member Rafael Mandelman is Chair of the Board. Tilly Chang is the Transportation Authority’s Executive Director.