The VCTC Finance Department strives to run an efficient and fiscally responsible department that produces timely and accurate reports to provide the Commission and the public financial information about the Commission’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 and financial and investment reports for a general fund, a Service Authority for Freeway Emergencies (SAFE) fund, a Local Transportation Fund (LTF) and a State Transit Assistance (STA) fund. 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 for VCTC Intercity Services, Valley Express, Santa Paula Brach Line and Fare Collection, etc. 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 2015/2016 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.

Comprehensive Annual Financial Report (CAFR), Fiscal Year 2014/2015

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 a Comprehensive Annual Financial Report (CAFR). The CAFR 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.

Single Audit Report on Federal Awards for Fiscal Year 2014/2015

The Comptroller General of the United States requires that VCTC comply with OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. To comply, VCTC prepares an annual Single Audit Report on Federal Awards which is audited by an independent certified public accounting firm.

Ventura County Transportation Commission
Salary Schedule
Fiscal Year 2015-16

Level Count Title Annual Range Bottom Annual Range Top Hourly Range Bottom Hourly Range Top Total
Executive Director 1 Executive Director 0.00 235,703 0.00 113.32 $235,703
Director 4 Director, Bus Transit 109,108 140,110 52.46 67.36 $140,110
    Director, Finance 109,108 140,110 52.46 67.36 $140,110
    Director, Planning and Technology 109,108 140,110 52.46 67.36 $140,110
    Director, Programming 109,108 140,110 52.46 67.36 $140,110
Manager 6 Program Manager, GoVentura SmartCard 70,132 104,069 33.72 50.03 $104,069
    Program Manager, Rail and TDA Programs 70,132 104,069 33.72 50.03 $104,069
    Program Manager, Transportation Demand 70,132 104,069 33.72 50.03 $104,069
    Program Manager, Contracts 70,132 104,069 33.72 50.03 $104,069
    Information Technology Systems Analyst 70,132 104,069 33.72 50.03 $104,069
    Clerk of the Board/Public Information Officer 70,132 104,069 33.72 50.03 $104,069
Planner/Analyst 5 Transit Planner/Program Analyst* 50,100 83,945 24.09 40.36 $83,945
Staff Support II 5 Transit Specialist* 43,827 60,189 21.07 28.94 $60,189
    Administrative Assistant* 43,827 60,189 21.07 28.94 $60,189
    Lead Customer Service Representative* 43,827 60,189 21.07 28.94 $60,189
    Receptionist/Secretary* 43,827 60,189 21.07 28.94 $60,189
    Accounting Technician* 43,827 60,189 21.07 28.94 $60,189
Staff Support I 1 Customer Service Representative* 24,960 38,201 12.00 18.37 $38,201
    Intern* 24,960 38,201 12.00 18.37 $38,201
Executive Director compensation is set by the Commission.  All other positions' placement on salary schedule are approved by the Executive Director.  Compensation may be set at any place on the schedule between top and bottom range.
* paid on an hourly basis and eligible for overtime compensation (non-exempt status for FLSA purposes).    

Approved June 5, 2015, Amended on October 2, 2015