What is CAFR?
The CAFR consists of management’s representations concerning the finances of RTD, reported in a manner that presents the financial position and results of RTD operations. Disclosures are included to enable the reader to gain the understanding of RTD’s activities.
Who prepares the CAFR?
RTD staff prepared the CAFR.
What is the Goal of the CAFR?
The goal of CAFR is better financial reporting. RTD is required to undergo an annual audit in conformity with the provision of the Single Audit Act, U.S. Office of Management, and Budget Circular A-133 as it pertains to audits of state and local governments. State law requires that RTD publish a completed audited financial statement within six months of the close of the fiscal year in conformity with generally accepted auditing standards by a firm of certified public accountants licensed to practice in the State of California.
The Comprehensive Annual Financial Report (CAFR) documents are presented in Adobe Acrobat/PDF format. To download and install the free Acrobat Reader, please click here.