For the 25th consecutive year, the Livermore Amador Valley Transit Authority (LAVTA) has earned the prestigious Certificate of Achievement for Excellence in Financial Reporting. This award was received for LAVTA’s excellence in financial reporting in their FY2020 Comprehensive Annual Financial Report (CAFR).
The Government Finance Officers Association (GFOA) established this award in 1945 to encourage state and local government agencies to exceed the minimum requirements of generally accepted accounting principles in preparing their annual financial reports. The award program assesses whether the financial statements of participating agencies provide the detail necessary for users of the information to adequately evaluate the financial health of the organization.
Pleasanton Mayor Karla Brown, who serves as Chair of the LAVTA Board of Directors, said “It is quite an honor for LAVTA to receive this award. To have won the award for 25 consecutive years is a testament to the LAVTA staff’s efforts to be effective stewards of the public trust and ensure that our precious tax dollars are accounted for in an exemplary manner.”
For a copy of LAVTA’s FY2020 financial report, visit the “Reports” section of our website, under the “About Us” tab. For more information on GFOA, visit www.gfoa.com.