RCTC takes pride in being a responsible steward of public funds, fulfilling this financial duty with the utmost diligence. We are thrilled to announce that our commitment to excellence in financial reporting has once again been recognized by the Government Finance Officers Association of the United States and Canada (GFOA). RCTC was awarded the GFOA’s prestigious Certificate of Achievement for Excellence in Financial Reporting for the Fiscal Year 2024 Annual Comprehensive Financial Report.

This award recognizes the tremendous dedication and hard work invested by RCTC’s finance department, reflecting their unwavering commitment to transparency and precision in all aspects of financial management. RCTC upholds strict financial controls to ensure accountability and uphold public trust. We are committed to the responsible stewardship of public funds.

The Certificate of Achievement is the highest honor in government accounting and financial reporting. RCTC is honored to be the recipient of this prestigious award.

The Riverside County Transportation Commission (RCTC) is proud to be a steward of public funds and takes its job seriously. The Government Finance Officers Association of the United States and Canada (GFOA) awarded RCTC the Certificate of Achievement for Excellence in Financial Reporting for its Fiscal Year 2022 Annual Comprehensive Financial Report.

RCTC has been recognized with this honor for 30 consecutive years, and this prestigious award is a testament to our finance department’s dedication to transparency and precision in financial management.

GFOA’s recognition highlights the Commission’s commitment to transparency, accuracy, and accountability in financial reporting as we continue to uphold stringent financial control and transparency measures to ensure responsible management of public funds.

The Point:  Award recognizes highest principles of governmental budgeting, fiscal responsibility

The Government Finance Officers Association presented RCTC and its Finance Department with its Distinguished Budget Presentation Award last month for its 2018/19 budget, reflecting RCTC’s commitment to fiscal responsibility.

The award represents a significant achievement by RCTC and reflects the commitment of Commissioners and staff to meet the highest principles of governmental budgeting.

To receive the award, RCTC had to satisfy four nationally recognized guidelines for effective budget presentation. These guidelines assess how well an entity’s budget serves as a policy document, financial plan, operations guide, and communication tool.

“This award recognizes the strength of RCTC’s $881 million budget, which is driven by the need to improve the quality of life for Riverside County residents, operational excellence, connecting the economy, and being a responsible partner with local, regional, and state governments,” said RCTC Chief Financial Officer Theresia Trevino. “RCTC is a responsible steward of taxpayer funds and is committed to these principles,” Trevino said.

GFOA posts its most recent budget award recipients and their corresponding budget documents on its website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governmental agencies in North America.