Operating Budget Report
The SFMTA operating budget report promotes financial transparency and integrity by providing public financial reporting on the Agency’s current-year fiscal status. It includes the Agency’s actual operating revenue and expenditures compared to current fiscal year projections and prior years’ results. All numbers are up-to the most current fiscal month in which the bulk of receipts are available.
The budget report uses fiscal year 2020-21 (FY2021) budgeted operating revenues and expenditures as the basis for projections provided in the report. Because budgeted revenues and expenditures are a summation of expected receipts for the entire year, they must be manually broken-out by fiscal month to allow for presentation on a cumulative, monthly basis. Because the SFMTA has many different operating revenues and expenditures—each with its own unique receipt schedule— projections have been manually distributed across fiscal months according to historical trends and expected time of receipt.
Projections are a reasonable “best guess” based on available information and may be adjusted from time-to-time as new information becomes available.
Budget report actuals data will be updated on approximately the 15th of each month and include prior months’ data. This schedule allows for the best approximation of the Agency’s finances given natural lags in revenue collections processing. For example, electronic transit fares (Clipper Card) can take 12 days or longer to be recorded in PeopleSoft, the City’s financial system of record that feeds this report. Each monthly data refresh will reflect the most currently available data, so users can expect that prior months’ actuals will change and become more accurate over time.
The SFMTA fiscal year runs from July 1 to June 30 of each year. For example, FY2021 runs from July 1, 2020 to June 30, 2021. July is the first fiscal month in SFMTA’s fiscal year. Operating revenue and expenditure categories depicted in report tables are the standard, top-level format that the SFMTA uses to present its budget and finances to its Board of Directors.
Please note - The expenditure projection is net of transfer and carryforward budget as well as overhead and allocations.
Prior fiscal years’ data have been adjusted to represent constant dollars.