Budget & Work Program
The Regional Transportation Commission’s (RTC) fiscal year begins on July 1 and ends on June 30. Each year, an original budget is approved by the RTC in March to allow for Transportation Development Act (TDA) recipients to budget their respective allocations in the new fiscal year, which starts July 1st. A major amendment is made in the fall to account for any carryover funds from the previous fiscal year and to reflect the actual reserve balances at the beginning of the year. The budget is amended as needed.
Transportation Development Act (TDA) funds are the major funding source for the RTC’s operations. Funds are established to account for funds which are restricted for a specific project or use. Currently, the RTC has eight funds:
- Administration, Planning & Rideshare
- Rail/Trail Authority
- Highway 1 Project Approval/Environmental Documentation (PA/ED)
- Service Authority for Freeway Emergency (SAFE)
- Freeway Service Patrol (FSP)
- RSTP Exchange
- State Transit Assistance
After the completion of each fiscal year the RTC’s finances are audited by an independent financial auditor. The final financial audit reports are submitted to the State Controller.
- Current year budget
- Prior year budget
- FY 2012 Audit Report
- FY 2012 Single Audit Report
- FY 2011 Audit Report
- FY 2010 Audit Report
The Work Program
Each year the Regional Transportation Commission (RTC) produces an annual work program along with the RTC fiscal year budget and makes amendments to the work program throughout the year as necessary. To meet federal requirements and obtain federal funds, the RTC’s work program and amendments are incorporated into the overall work program for the Association of Monterey Bay Area Governments (AMBAG).
RTC Contact – Budget
RTC Contact – Work Program