LANCASTER – For the second year in a row, the Antelope Valley Transit Authority (AVTA) has been recognized for its outstanding accomplishments in financial accounting.
The Government Finance Officers Association (GFOA) recently awarded the transit agency a Certificate of Achievement for Excellence in Financial Reporting for its 2014 Comprehensive Annual Financial Report (CAFR). This award is the highest form of recognition for financial accounting.
“We are honored once again to receive this award from such a highly esteemed organization and commend our finance team for their diligent efforts,” stated Board Chair Marvin Crist. “Their dedication to our core values ensures the agency’s continued financial stability.”
AVTA’s financial report for the fiscal year ending June 30, 2014, was reviewed by members of the GFOA’s professional staff and the Special Review Committee to assure that it met the program’s high standards. These include going beyond the minimum requirements of generally accepted accounting principles and preparing comprehensive financial reports that evidence the spirit of transparency and full disclosure.
The GFOA, a nonprofit professional association serving approximately 17,500 government finance professionals, awarded AVTA the Certificate of Achievement in both 2008 and 2013.
“The AVTA finance team is to be congratulated for their outstanding achievements,” Crist stated. “The agency as a whole gets better and stronger each year, and this award is a direct reflection of the excellence of the AVTA leadership.”
AVTA provides local, commuter and dial-a-ride service to a population of more than 450,000 residents in the cities of Lancaster and Palmdale, as well as the unincorporated portions of northern Los Angeles County. Its total service area covers 1,200 square miles and it is bounded by the Kern County line to the north, the San Bernardino County line to the east, the Angeles National Forest to the south, and Interstate 5 to the West.