Workplan & Budget
Each year, the Solano Transportation Authority (STA) Board identifies and updates its priority projects. Public input is provided through the STA’s public Board meetings. Staff and stakeholder input is provided through the STA Technical Advisory Committee, the Solano Express Transit Consortium, and the STA Citizen-Based Advisory Committees.
These priority projects provide the foundation for the STA’s overall work plan for the forthcoming two fiscal years. The STA’s list of priority projects coincides with the adoption of its two-year budget. The STA Overall Work Plan (OWP) for FY 2021-22 and FY 2022-23 was approved on June 8, 2022, and includes a total of 56 work items that include priority plans, projects, and programs for the forthcoming two fiscal years.
The Solano Transportation Authority (STA) has an adopted budget policy requiring a two-year annual fiscal year budget plan for its proposed expenditures and the proposed means of financing them. The budget is usually revised mid-year and finalized at the end of the fiscal year. When necessary, these budgets are revised to provide STA the basis for appropriate budgetary control of its financial operations for the fiscal year. On July 13, 2022, the STA Board adopted the FY 2022-23 Budget Revision and FY 2023-24 Proposed Budget as part of the two-year annual fiscal year budget plan.
Comprehensive Annual Financial Reports (CAFR)
The Solano Transportation Authority (STA) is annually required to prepare an audited financial statement in accordance with Government Accounting Standards Board Statement Number 34 (GASB 34) and the Office of Management and Budget (OMB) Circular A-133 (Audits of State, Local Government, and Non-Profit Organizations).
In October 2021, Eide Bailly LLP, formerly known as Vavrinek, Trine, Day (VTD) & Co LLP, a Certified Public Accountant (CPA) firm from Palo Alto, California performed their FY 2020-21 annual financial review, funding compliance, and internal controls audit for STA. Their audit evaluation resulted in a thoroughly-prepared audit process noting no matters involving internal control over financial reporting and its operation to be considered of any material weaknesses, which resulted in their issuance of an unmodified (clean) opinion on STA’s comprehensive financial statements for the fiscal year ending June 30, 2021. With the unqualified opinion of the FY 2020-21 annual audit and the sixth-year issuance of the Annual Comprehensive Financial Report (ACFR), STA now has sixteenth (16) consecutive fiscal years of no reportable deficiencies or material weakness that will adversely affect its primary missions.
The STA’s FY 2020-21 CAFR was submitted to the Government Finance Officers Association (GFOA) for its prestigious national award recognition and conformance with the highest standards for preparation of state and local government financial reports.