NTTA earns 17th consecutive GFOA Excellence in Financial Reporting Award

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The North Texas Tollway Authority (NTTA) held its board meeting on June 18, 2025, where several key agenda items were discussed, beginning with an important announcement regarding financial reporting excellence.

Director Casada presented the first item, highlighting that NTTA has received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the seventeenth consecutive year. This award is a significant recognition, reflecting NTTA's commitment to high standards in financial management and transparency. Casada emphasized that achieving this award is not merely a formality; it involves a rigorous review process each year, underscoring NTTA's dedication to being a responsible financial steward for the region.

The award signifies NTTA's adherence to generally accepted accounting principles and its ability to clearly communicate its financial condition to various stakeholders, including the board, bondholders, elected officials, and the public. Casada praised the efforts of CFO Horatio Porter, Comptroller Brian Wright, accounting manager Lawrence Williams, and the entire accounting team for their consistent excellence in financial reporting.

The meeting progressed with a focus on NTTA's ongoing commitment to transparency and effective financial operations, reinforcing the authority's mission to manage toll revenues responsibly. The recognition from GFOA serves as a testament to NTTA's operational integrity and its efforts to maintain an easily accessible and organized annual financial report for toll payers and the community.

Overall, the meeting highlighted NTTA's achievements in financial reporting and set a positive tone for future discussions on operational efficiency and fiscal responsibility.

Converted from North Texas Tollway Authority - Board Meetings - Jun 18, 2025 meeting on June 18, 2025
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