Research Triangle Park, N.C. – The Triangle Transit Authority (TTA) has received the Certificate of Achievement for Excellence in Financial Reporting presented by the Government Finance Officers Association (GFOA).

The award recognizes TTA for the highest standards in government accounting and financial reporting in the agency's Comprehensive Annual Financial report (CAFR).

In announcing the award, Board Chair Alice Gordon said, "TTA has been honored for its financial reporting and I am pleased that this is the 12th year that TTA has received the award.  By providing financial information in a format that is easily readable and efficiently organized, we are meeting our goal of responsibly accounting for the taxpayer dollars we receive to plan and operate a regional public transportation system."

A CAFR includes combined financial statements in a format somewhat similar to the financial statements of a business.  It also is used extensively by bond rating agencies, underwriters, and bondholders to assess the investment risk of a government agency.

TTA's Comprehensive Annual Financial Report is prepared by Accounting and Financial Reporting Administrator Geoff Powell.  This marks the fourth year that Powell has been honored for his work in preparing the CAFR for TTA.   

TTA is a regional public service provider, offering a wide variety of transit and vanpool services to North Carolina's greater Triangle Region and outlying counties.  Bus service is available to Apex, Cary, Chapel Hill, Durham, Garner, Hillsborough, RDU International Airport, Research Triangle Park and Raleigh.  The Triangle Transit Authority also    provides commuter resources and hosts GoTriangle.org, the on-line resource for public transportation in the Triangle.

TTA is the implementation agency responsible for carrying out a regional plan to build a rail transit system with stations connecting Durham, RTP, Cary and Raleigh, with shuttles linking RDU International Airport and Research Triangle Park. For more information, visit www.rideTTA.org or call (919) 549-9999.