Alameda CTC enters second decade of financial reporting excellence recognition
For the 11th year in a row, Alameda CTC has been recognized for its excellence in financial reporting for its Annual Comprehensive Financial Report (ACFR) by the Government Finance Officers Association of the United States and Canada (GFOA.) This award, the Certificate of Achievement for Excellence in Financial Reporting, is the highest form of recognition in the area of governmental accounting and financial reporting.
Award attainment represents a significant accomplishment and means Alameda CTC’s most recent Annual Comprehensive Financial Report has been judged by an impartial panel to meet the GFOA program’s high standards. This includes demonstrating a constructive "spirit of full disclosure" to clearly communicate the agency’s financial story and motivate potential users and user groups to read the report.
Alameda CTC has an outstanding track record with regard to fiscal leadership and financial transparency. In addition to receiving the GFOA award for eleven consecutive years, the agency maintains a record of one hundred percent clean audits since its inception in 2010. To learn more about Alameda CTC’s ACFR, please visit our website page.
Agency bond ratings affirmed at highest level possible
This past April, Fitch Ratings affirmed Alameda CTC’s Measure BB Senior Sales Tax Revenue Bonds (Limited Tax Bonds) series 2022, the highest rating possible. The AAA rating reflects the minimal debt to revenue ratio maintained, limited additional borrowing plans, and the strong legal protections put in place by Alameda CTC on the bonds as well as the county’s wealthy, diverse and growing economy.
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