Finance - Ventura County Transportation Commission
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FINANCE
FINANCIAL REPORTS
The VCTC Finance Department strives to run an efficient and fiscally responsible department. Finance produces timely and accurate reports to provide the Commission and the public financial information about VCTC’s operations. The Finance Department is responsible for performing the day-to-day accounting functions consisting of cash management, accounts receivable, accounts payable, payroll, general ledger, financial reports and investment reports for eight funds: a general fund; five special revenue funds, Local Transportation Fund (LTF), State Transit Assistance (STA), State of Good Repair (SGR), Service Authority for Freeway Emergencies (SAFE) and Santa Paula Branch Line (SPBL), and two proprietary funds, VCTC Intercity and Valley Express. The Finance Department prepares and monitors the agency’s budget, provides budgetary assistance to project managers who monitor individual task budgets, and provides grant support and specific project support as needed. The Finance Department is also in charge of multiple audits and overseeing financial compliance with various state and federal regulations.
The Finance Department prepares and publishes several financial reports annually. The current version of each is listed below. Simply click on the title or image of the publication to download file in a .pdf format.
Fiscal Year Budgets
CURRENT BUDGET
Each year, VCTC’s Finance Department prepares a comprehensive Annual Budget itemizing revenues, expenditures, and investments for the upcoming fiscal year. Program budgets include objectives and accomplishments at the task level for each of VCTC’s six programs: Transit and Transportation, Highways, Rail, Commuter Assistance, Planning and Programming, and General Governance. The Annual Budget is presented to the Commission each April and typically adopted the following June.
Budget 2025/2026
Budget 2024/2025
Budget 2023/2024
Budget 2022/2023
Budget 2021/2022
Annual Comprehensive Financial Reports (ACFR)
CURRENT ACFR
The State of California requires the Ventura County Transportation Commission (VCTC) to prepare annual financial statements in accordance with generally accepted accounting principles (GAAP). The financial statements are then audited by independent certified public accountants. The VCTC goes beyond the minimum established requirements and produces an Annual Comprehensive Financial Report. The Annual Comprehensive Financial Report is designed to provide a complete financial picture of the agency and includes the independent auditors’ report, a management discussion, the audited financial statements as well as supplementary information including budget results and statistical information.
ACFR 2024/2025
ACFR 2023/2024
ACFR 2022/2023
ACFR 2021/2022
ACFR 2020/2021
Single Audit Reports on Federal Awards
CURRENT SINGLE AUDIT
VCTC complies with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. To comply, VCTC prepares an annual Single Audit Report on Federal Awards which is audited by an independent certified public accounting firm.
SINGLE AUDIT 2023/2024
SINGLE AUDIT 2022/2023
SINGLE AUDIT 2021/2022
SINGLE AUDIT 2020/2021
SINGLE AUDIT 2019/2020
Monthly Budget Report (including the Investment Report)
The monthly budget report is presented in a comprehensive, agency-wide format on a modified accrual basis.  The reports include a combined Balance Sheet, a Statement of Revenues, Expenditures and Changes in Fund Balance detailed by fund and an Investment Report.  There are eight funds presented consisting of the General Fund, the Local Transportation Fund (LTF), the State Transit Assistance (STA) fund, the State of Good Repair (SGR) fund, the Service Authority for Freeway Emergencies (SAFE) fund, the Santa Paula Branch Line (SPBL) fund, the VCTC Intercity fund and the Valley Express fund.  The Statement of Revenues, Expenditures and Changes in Fund Balance also includes the annual budgeted numbers that are updated as the Commission approves budget amendments or administrative budget amendments are approved by the Executive Director.  Staff monitors the revenues and expenditures of the Commission on an on-going basis.
The current agenda which includes this report can be found under the Meetings tab, Agendas and Archives, or by
clicking this link
TDA Claims Manual and Claim Forms
The Transportation Development Act (TDA) Claims Manual is intended to provide information and guidance to cities, the County, transit operators, and other claimants for submitting claims to request TDA funding from the Ventura County Transportation Commission (VCTC).  These guidelines are not intended to replace the state statutes or regulations pertaining to the TDA.  They are intended to clarify how the TDA is implemented in Ventura County and to assist eligible agencies in completing and submitting their TDA Claim Forms.
Questions regarding the information in this manual should be addressed to VCTC.  Copies of the TDA statutes and California Code of Regulations (CCR) are available on the California Department of Transportation (Caltrans), Division of Mass Transportation website at
Claims Manual
Claims Forms
SB 272 Catalog of Enterprise Systems
Approved on October 11, 2015, Senate Bill 272 adds a section to the California Public Records Act requiring local agencies to create a catalog of Enterprise Systems by July 1, 2016 with annual updates.
Government Compensation Report
The State Controller’s
Government Compensation in California
website provides information on employee pay and benefits for approximately 2 million positions at more than 5,000 public employers. Public employers annually report employee compensation to the State Controller’s Office. View and search employee job titles, build charts and graphics, and download custom reports and raw data at
publicpay.ca.gov
Local Government Financial Data
The State Controller’s
Government Finance Data
website provides annual information on revenues, spending and other financial data of local governments.  There are many reports that can be viewed and downloaded at
bythenumbers.sco.ca.gov
.  These reports include information for Cities, Counties, Special Districts, Transit Operators and Transportation Planning Agencies, etc
VENTURA COUNTY TRANSPORTATION COMMISSION SALARY SCHEDULE
Salary Schedule
Annual Range
Non-Exempt Hourly Rate
Exempt vs.
Department/ Position/ Job Responsibilities
FTE
Bottom
Top
Bottom
Top
Non-Exempt
ADMINISTRATION
Executive Director
1.0
250,190
291,033
Program Manager, Government and Community Relations
1.0
109,251
169,338
Program Manager, Information Technology
1.0
109,251
169,338
Clerk of the Board/Executive Assistant
1.0
109,251
169,338
Receptionist/Secretary
1.0
53,177
77,373
25.57
37.20
NE
Administration Subtotal
5.0
FINANCE
Finance Director
1.0
153,726
238,276
Program Manager, Accounting
1.0
109,251
169,338
Senior Accountant / Analyst
2.0
82,495
120,030
39.66
57.71
NE
Finance Subtotal
4.0
PLANNING
Planning and Sustainability Director
1.0
153,726
238,276
Program Manager, Transportation Planning
1.0
109,251
169,338
Program Manager, Transportation Data and Services
1.0
109,251
169,338
Administrative Assistant
0.1
53,177
77,373
25.57
37.20
NE
Intern (Part-time)
0.5
18.50
21.50
NE
Planning Subtotal
3.6
PROGRAMMING
Programming Director
1.0
153,726
238,276
Program Manager, Programming
2.0
109,251
169,338
Administrative Assistant
0.3
53,177
77,373
25.57
37.20
NE
Programming Subtotal
3.3
TRANSIT
Public Transit Director
1.0
153,726
238,276
Program Manager, Regional Transit Planning
1.0
109,251
169,338
Program Manager, Transit Contracts
1.0
109,251
169,338
Transit Planner
2.0
82,495
120,030
39.66
57.71
NE
Transit Information Center and Technology Specialist
1.0
53,177
77,373
25.57
37.20
NE
Administrative Assistant
0.6
53,177
77,373
25.57
37.20
NE
Customer Service Representative
2.0
45,936
66,838
22.08
32.13
NE
Intern (Part-time)
0.5
18.50
21.50
NE
Transit Subtotal
9.1
Total Budgeted Positions
25.0
*VCTC will automatically adjust any wages that do not meet California’s minimum wage or the local fair-market wage requirements.
Effective July 1, 2025