Contact: Eric Young, SFCTA
415-522-4816 office, 415-306-4509 cell, eric.young@sfcta.org
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 third consecutive year the agency has earned the certificate, underscoring the agency’s commitment to outstanding stewardship of taxpayer dollars.
“We thank the GFOA for this recognition, which underscores the emphasis the Transportation Authority places on transparency and accountability,” said Transportation Authority Board Chair Aaron Peskin (District 3). “Combined with our AAA bond rating, this certificate of achievement affirms the agency’s sound fiscal practices and prudent management of public funds.”
The Certificate of Achievement is for the Transportation Authority’s comprehensive annual financial report for the fiscal year beginning July 2018 (PDF). 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 motivate the public to read the comprehensive annual financial report.
“I applaud the work of our Finance and Administration staff, who consistently seek to be clear and comprehensive when reporting on our financial position,” said Tilly Chang, Executive Director of the Transportation Authority. “This latest recognition, along with 16 consecutive years of clean audits, demonstrates our commitment to excellence in financial management.”
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 $150 million annually generated from San Francisco’s half-cent transportation sales tax, the Proposition AA vehicle registration fee, Lifeline Transportation Program funds, the One Bay Area Grant County Program, and Transportation Fund for Clean Air.
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 Commissioners. Commissioner Aaron Peskin is Chair of the Board. Tilly Chang is the Transportation Authority’s Executive Director.