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.
Annual Comprehensive Financial Reports (ACFR)
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 2022, Maze and Associates, a Certified Public Accountant (CPA) firm from Pleasant Hill, California performed their FY 2021-22 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, 2022. With the unqualified opinion of the FY 2021-22 annual audit and the seventh-year issuance of the Annual Comprehensive Financial Report (ACFR), STA now has seventeenth (17) consecutive fiscal years of no reportable deficiencies or material weakness that will adversely affect its primary missions.
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to Solano Transportation Authority for its annual comprehensive financial report for the fiscal year ended June 30, 2022. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents significant accomplishment by a government and its management.