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.
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.
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.
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.
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
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 https://dot.ca.gov/programs/rail/transportation-development-act.
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.
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
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
Salary Schedule
| Department/ Position/ Job Responsibilities | Annual Range | Non-Exempt Hourly Rate | Exempt vs. | |||
|---|---|---|---|---|---|---|
| FTE | Bottom | Top | Bottom | Top | Non-Exempt | |
| ADMINISTRATION | ||||||
| Executive Director | 1.0 | 250,190 | 291,033 | E | ||
| Program Manager, Government and Community Relations | 1.0 | 109,251 | 169,338 | E | ||
| Program Manager, Information Technology | 1.0 | 109,251 | 169,338 | E | ||
| Clerk of the Board/Executive Assistant | 1.0 | 109,251 | 169,338 | E | ||
| 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 | E | ||
| Program Manager, Accounting | 1.0 | 109,251 | 169,338 | E | ||
| 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 | E | ||
| Program Manager, Transportation Planning | 1.0 | 109,251 | 169,338 | E | ||
| Program Manager, Transportation Data and Services | 1.0 | 109,251 | 169,338 | E | ||
| 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 | E | ||
| Program Manager, Programming | 2.0 | 109,251 | 169,338 | E | ||
| 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 | E | ||
| Program Manager, Regional Transit Planning | 1.0 | 109,251 | 169,338 | E | ||
| Program Manager, Transit Contracts | 1.0 | 109,251 | 169,338 | E | ||
| 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