For the fourth consecutive year, The Certificate for Excellence in

Financial Reporting has been awarded to Monterey-Salinas Transit by the

Government Finance Officers Association of the United States and Canada

(GFOA) for MST’s comprehensive annual financial report (CAFR). The

Certificate of Achievement is the highest form of recognition in the area of

governmental accounting and financial reporting, and its attainment represents a

significant accomplishment by a government and its management.

The CAFR, prepared by David A. Sobotka, MST Controller, is

judged by an impartial panel to meet the high standards of the program and

includes demonstrating a constructive “spirit of full disclosure” to clearly

communicate its financial story and motivate potential users and user groups to

read the CAFR.

The GFOA is a nonprofit professional association serving approximately

16,000 government finance professionals with offices in Chicago, Illinois and