The Agency operates and reports as an enterprise and prepares financial reports, per the Financial Reporting Policy, on a monthly, quarterly and annual basis. The Comprehensive Annual Financial Report includes the Agency’s audited financial statements.
Per the Agency’s Budget Adoption Policy, the Agency adopts its budget prior to May 1 each year for the subsequent fiscal year beginning July 1. The Agency’s budget includes both an annual operating budget and a five-year forecast. The Agency’s budgeting process includes capital planning for both a 5-year and a 20-year period. The Agency’s annual budget provides a solid picture of the Agency’s expectations for the next twelve months and is an accountability tool for management and reflects its commitment to performance. The five-year forecast and long-term capital plan are used to assess the adequacy of the Agency’s rates and to plan for capital financing.
In an ongoing effort to promote transparency in government, the California State Controller’s Office created a website to make it easier for taxpayers to track revenues, expenditures, and other financial data reported by California’s 57 counties, 482 cities, and more than 4,800 special districts, joint powers authorities, and non-profit corporations.