Financials


BART System Renewal Program Plan 2016

This document is BART's plan to repair and replace the agency's 90 miles of deteriorating rail, corroding tunnel walls and aging speed control equipment. The goal is rebuilding the 43-year old infrastructure in order to maintain BART’s excellent safety record, increase train reliability, reduce traffic and protect the environment in the years to come.  Download the plan here

For information and a educational brochure about our $3.5 billion infrastructure bond on the November 2016 ballot go to www.bart.gov/betterbart  

To help better understand the structure of BART's bond measure, we have provided an overview which includes a visualization of the bond's issuance as well as projected costs. Click here to see the document.

Read the bond resolution passed by the Board of Directors

Read the bond tax rate statement 

Read the Maintenance of Effort language

Short Range Transit Plan/Capital Improvement Program (SRTP/CIP) 

The Short Range Transit Plan / Capital Improvement Program (SRTP/CIP) provides an overview of BART’s long-term operating and capital financial outlook, and as such is a guiding document for staff and policymakers. It it helps inform BART's yearly budget process, and assesses system performance.

The most recently drafted SRTP and CIP cover 10 years and 15 years, respectively, from fiscal year 2017 through FY2031, and can be downloaded by clicking here. The board is expected to adopt a version of this document in late spring 2017.

Here are key findings from the FY 2017 SRTP/CIP:

BART’s operating financial forecast identifies revenues and expenses associated with operating and maintaining BART.  Projected operating needs over the 10-year timeframe total $10.1 billion, with a projected $326.5 million shortfall.  BART has identified potential solutions to the projected deficit and has committed to balance each future year budget.

BART’s Capital Improvement Program (CIP) is a projection of all BART’s capital needs, regardless of funding availability.  For the 15-year timeframe, $17.1 billion is needed to fully fund the CIP. Voters' passage of Measure RR in November 2016 approved $3.5 billion in general obligation bonds, part of the $11.4 billion in identified funding slated to go toward the CIP, leaving $5.7 billion unfunded through the early 2030s.

Click here for the previous FY15 SRTP/CIP.

FY18 Budget 

FY18 Preliminary Budget Memo

FY18 Budget Pamphlet

 


Adopted Budgets

The documents below describe Operating Budgets adopted by the BART Board of Directors, including the data and assumptions used to develop the budget.  The Resource Manual reflects the budget prior to adoption.
 

FY17 Adopted Budget Resolution
FY17 Resource Manual

BART's Financial and Operating Information Appendix A General Obligation Bonds (Election of 2004), 2015 Refunding Series D and Sales Tax Revenue Bonds 2015 Refunding Series A"  (09/14/15) 

 


Quarterly Report of the Controller Treasurer

Quarterly Report for the Controller Treasurer 12.31.16
Quarterly Report for the Controller Treasurer 9.30.16
Quarterly Report for the Controller Treasurer 6.30.16
Quarterly Report for the Controller Treasurer 3.31.16
Quarterly Report for the Controller Treasurer 12.31.15
Quarterly Report for the Controller Treasurer 9.30.15

 


Audited Financial Reports

The District's Audited Financial Reports were prepared in compliance with the requirements of GASB Statement No. 34. They includes the Management's Discussion and Analysis, the Statement of Net Assets, the Statement of Revenues, Expenses and Changes in Fund Net Assets, the Statement of Cash Flows and the Notes to Financial Statements.

FY16 Audited Financial Report

FY2015 Audited Financial Report

FY2014 Audited Financial Report

FY 2013 Audited Financial Report
FY 2012 Audited Financial Report
FY 2011 Audited Financial Report
FY 2010 Audited Financial Report
FY 2009 Audited Financial Report
FY 2008 Audited Financial Report
FY 2007 Audited Financial Report
FY 2006 Audited Financial Report
FY 2005 Audited Financial Report
FY 2004 Audited Financial Report
FY 2003 Audited Financial Report
FY 2002 Audited Financial Report
FY 2001 Audited Financial Report
FY 2000 Audited Financial Report

 


Sales Tax Revenue

 

 
FY2016 (Q2)$61,587,990
FY2016 (Q1)$60,236,138
FY 2015 $233,148,133
FY 2014 $221,149,315
FY 2013 $208,560,693
FY 2012$195,213,546
FY 2011$180,819,206
FY 2010$166,519,817
FY 2009$184,285,565
FY 2008$202,632,203
FY 2007$198,805,258
FY 2006$191,679,598
FY 2005$178,391,706
FY 2004$170,566,337

 


Projects Funded by the American Recovery and Reinvestment Act (ARRA)

As part of the American Recovery and Reinvestment Act (ARRA) program, BART is investing more than $82 million in stimulus funding to complete 12 projects to improve service safety, reliability and comfort.

BART ARRA-funded Projects
 


Employee Reimbursements

Reports of employee reimbursements in compliance with California Government Code 53065.5:

2016 Employee Reimbursements (7mb.xls)
2015 Employee Reimbursements (256k .xls)
2014 Employee Reimbursements (300k .xls)
2013 Employee Reimbursements (210k .xls)
2012 Employee Reimbursements (254k .xls)
2011 Employee Reimbursements (174k .xls)

2010 Employee Reimbursements (215k .xls)
2009 Employee Reimbursements (396k .xls)

 

 


Gift to Agency Report

This form is for use by all state and local government agencies to disclose payments made to the agency when the payments provide a personal benefit to an official of the agency.

Form 801: January 21, 2011

 

 


Independent Registered Municipal Advisor (IRMA) Exemption Language

IRMA Independent Registered Municipal Advisor 2016.pdf