Financial Transparency

 It is WCCTAC's desire to provide valuable information to the community in order to enhance knowledge and increase transparency. This Financial Transparency Page is one way in which WCCTAC intends to meet this goal.

 

Budget and Financial Statements 

The operating budget is WCCTAC’s service and financial plan for the next fiscal year; a legally required planning tool that matches the services desired by the community, as interpreted by the WCCTAC Board, to the estimated resources available to provide those services. The development, adoption, and implementation of the WCCTAC budget is a major decision-making process with several phases.  Beginning in February and March, the WCCTAC Executive Director consults with WCCTAC staff to develop a draft budget which is presented to the WCCTAC Board for its consideration during April-June of each year. WCCTAC’s operating revenues are derived from dues paid by member agencies, fees for managing the West County Subregional Transportation Miitigation Program (STMP) as well as from numerous grants.

WCCTAC Board Resolution adopting the current budget

 

WCCTAC is required to be audited annually by a certified public accountant appointed by the WCCTAC Board. The certified public accountant prepares an audit report for the Board's consideration.

WCCTAC's Past Audits

Independent Audit Report for the fiscal year ending XXXXX

 

700 Forms for WCCTAC Board Members