Wheels Receives Excellence in Financial Reporting Award for 25th Consecutive Year
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.
About the Livermore Amador Valley Transit Authority
The Livermore Amador Valley Transit Authority (LAVTA) was created in 1985 by the cities of Dublin, Livermore and Pleasanton and Alameda County to serve area transit needs. In 2018 and 2019, LAVTA was named Transit Agency of the Year by the California Transit Association and the California Association for Coordinated Transportation, respectively. In 2020, LAVTA was named the top transit agency of its size in North America by the American Public Transportation Association.
LAVTA supports environmental sustainability by reducing vehicle trips and traffic congestion on local streets and improving air quality in the Tri-Valley region. In addition to passenger fares, the agency is supported financially by federal, state and local agencies, including the Alameda County Transportation Commission’s Measure B and BB.