FY14 Preliminary Budget Memo
The documents below describes in detail the FY14 Preliminary Operating Budget, including the data and assumptions used to develop the budget, as well as staff recommended budget initiatives for the upcoming fiscal year.
Fiscal Year 2013 Adopted Budget
The document below describes the FY13 Budget adopted by the BART Board of Directors on June 14, 2012. The operating budget for FY13 totals $672 million. The operating budget is balanced with projected operating expenses covered by an equal amount of projected revenue. An improving revenue outlook provides funds to address on a limited basis staffing levels and other areas impacted by past budget reductions. The operating budget also commits $45.6 million to BART's Rail Car Sinking Fund to help purchase 410 new rail cars and directs $23.9M to other State of Good Repair needs. The FY13 capital budget continues to be constrained with funding needs far exceeding the $869.2 million of sources available in FY13.
Projects Funded by the American Recovery and Reinvestment Act (ARRA)
As part of the American Recovery and Reinvestment Act (ARRA) program, BART is investing more than $82 million in stimulus funding to complete 12 projects to improve service safety, reliability and comfort.
Audited Financial Report
The District's Audited Financial Report was prepared in compliance with the requirements of GASB Statement No. 34. It includes the Management's Discussion and Analysis, the Statement of Net Assets, the Statement of Revenues, Expenses and Changes in Fund Net Assets, the Statement of Cash Flows and the Notes to Financial Statements.
The BART Annual Report provides an overview of the District’s financial results and accomplishments for the fiscal year. It includes a statement of revenues, expenses and net assets, performance highlights and a description of District operations.
Short Range Transit Plan/Capital Improvement Program
The Short Range Transit Plan and Capital Improvement Program (SRTP/CIP) was prepared in compliance with the Metropolitan Transportation Commission's (MTC) guidelines and principles as required by the Federal Transit Administration and the MTC as a condition of grant funding. The SRTP/CIP provides an analysis of BART's funding needs, priorities, and funding strategies for its operations through FY 2017 and for its capital programs through FY 2032 and is a baseline to use when considering important financial decisions.
Sales Tax Revenue
|FY 2013 (Q3)||$52,798,923|
|FY 2013 (Q2)||$52,414,498|
|FY 2013 (Q1)||$52,324,601|
Reports of employee reimbursements in compliance with California Government Code 53065.5:
Gift to Agency Report
This form is for use by all state and local government agencies to disclose payments made to the agency when the payments provide a personal benefit to an official of the agency.