Reporting and Transparency

The Connecticut Green Bank has always valued transparency as a management principle and a cornerstone of leadership. The organization believes that clear and publicly available data allows for transactions to be replicated with ease, thus expediting the transformation of a market. The Green Bank also believes in the responsible stewardship of ratepayer funds to achieve its mission.

The financial statements of the Connecticut Green Bank are compiled through an accounting staff and independently audited by certified public accountants. The powers of the Connecticut Green Bank are exercised by a Board of Directors. Information on both financial statements and governance are presented below. The Connecticut Green Bank presents its financial activity in two ways – Annual Comprehensive Financial Report (ACFR) and an Annual Report.

The ACFR is compiled by the accounting staff of the Connecticut Green Bank and audited by an external certified public accounting firm in accordance with generally accepted accounting principles.

The Connecticut Green Bank issues an annual report to the Connecticut Department of Energy and Environmental Protection, the Connecticut General Assembly’s Energy & Technology Committee, and all local elected officials in cities and towns throughout Connecticut.

The office of the Auditors of Public Accounts (APA) is a legislative agency of the State of Connecticut whose primary mission is to conduct audits of all state agencies, including quasi-public agencies.

Building owners, investors, contractors and municipal leaders are all using C-PACE to drive investment, improve our commercial building stock and accelerate the impact of green energy on our environment, economy and communities.

Open Connecticut centralizes state financial information to make it easier to follow state dollars. The Green Bank voluntarily submits checkbook-level vendor payment data and participates in Open Payroll.