The Finance Department of the Ventura County Transportation Commission is tasked with managing all of the day to day accounting functions consisting of cash management, accounts receivable, accounts payable, payroll, general ledger and financial reporting.
The Finance Department also provides support and direction for the Commission’s special projects such as the Go Ventura Smartcard, the Santa Paula Branch Line and the capital/debt service management for the Lewis Road Bond.
Budget and investment reports can be found in the Commission’s monthly agenda packet and each year the Finance Department prepares and publishes a number of financial documents on behalf of the Commission including:
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The Annual Budget details the scope and complexity of the Commission’s projects as well as the core planning and administrative duties.
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A Comprehensive Annual Financial Report (CAFR) in conformity with accounting principles generally accepted in the United States (GAAP) and audited in accordance with generally accepted auditing standards by independent certified public accountants.
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A Budget Brief that summarizes the Commission’s revenue sources and expenditure types.
