Financials Archive

Archived documents related to past budgets can be found on this page. 

Quick Links    
Fiscal Years 2023 & 2024 (July 1, 2022 -June 30, 2024)  
Fiscal Year 2022 (July 1, 2021 - June 30, 2022)  
Fiscal Year 2021 (July 1, 2020 - June 3, 2021)  
Fiscal Year 2020 (July 1, 2019 - June 30, 2020)  
Fiscal Year 2019 (July 1, 2018 - June 30, 2019)  
BART Official Statements  
Audited Financial Reports  
Quarterly Reports from the Controller Treasurer  
Employee Reimbursements

Fiscal Years 2023 & 2024 (July 1, 2022-June 30, 2024)

Quarterly Financial Reports

FY23 Q3 QFR
FY23 Q2 QFR
FY23 Q1 QFR

Adopted Budget

The Adopted Budget Report is a comprehensive report covering BART's annual operating and capital budgets, and also includes the strategic work plans and organizational charts of each BART department. California Government Code Section 7910 requires the Board of Directors to establish by resolution BART's annual appropriations limit.

FY23 & FY24 Adopted Budget Report    
FY23 & FY24 Adopted Budget Resolution    
FY23 Proposition 4 Appropriations Limit

Budget Development Process

BART’s Budget Development Process for each fiscal year (July 1 – June 30) is documented from initiation through adoption with various public reports and presentations.

FY2023 Year End Budget Revision (11/13/2023)
Fiscal Year 2023 and Fiscal Year 2024 Two-Year Annual Budget Adoption (6/9/22) 
Fiscal Year 2023 and Fiscal Year 2024 Two-Year Annual Budget (5/26/22)    
Fiscal Year 2023 Capital Program and Project Update (5/12/22)  
Rail Service Plan, Fiscal Year 2023 and Fiscal Year 2024 Operating Budget Sources and Uses (5/12/22)  
Fiscal Year 2023 and Fiscal Year 2024 Preliminary Budget Overview (4/28/22)  
FY23 & FY24 Budget Update (3/24/22)
 

Preliminary Budget

The Preliminary Budget Memo tracks BART's annual operating and capital budgets during the budget development stage and provides a starting point for annual budget discussions with the BART Board, riders, and the public. The Memo outlines BART’s current ridership and budget outlook, as well as new initiatives to help rebuild ridership, improve the rider experience, and support regional recovery. 

FY23 & FY24 Preliminary Budget Memo

Fiscal Year 2022 (July 1, 2021 - June 30, 2022)

Quarterly Financial Reports

FY22 Q4 QFR    
FY22 Q3 QFR    
FY22 Q2 QFR    
FY22 Q1 QFR

Adopted Budget

FY 22 Adopted Budget Report

Preliminary Budget

FY22 Preliminary Budget Memo

  1. April 22, 2021: FY22 Preliminary Budget Overview
  2. May 13, 2021: FY22 Budget Sources, Uses, Service Plan, and Capital Budget
  3. May 27, 2021: Public Hearing on FY22 Annual Budget
  4. May 27, 2021: FY22 Proposition 4 Appropriations Limit (for action)
  5. June 10, 2021: Resolution Approving the Fiscal Year 2022 Annual Budget (for action)

Fiscal Year 2021 (July 1, 2020 - June 30, 2021)

Quarterly Financial Reports

FY21 Q4 QFR    
FY21 Q3 QFR    
FY21 Q2 QFR    
FY21 Q1 QFR

Adopted Budget

FY21 Year-End Budget Revisions Executive Decision Document    
FY21 Adopted Budget Report    
FY21 Adopted Budget Resolution    
FY21 Adopted Annual Budget Report (Income Statement)

Budget Development Process

COVID-19 Update -- Presentation (3/25/21)    
COVID-19 Response Update (1/28/21)    
FY21 Budget Update (1/14/21)    
FY21 Budget Outlook (11/19/20)    
FY21 Budget Outlook (10/22/20)    
FY21 Budget Outlook (9/24/20)    
FY21 Budget Outlook (9/10/20)    
FY21 Budget Outlook (8/27/20)    
COVID-19 Presentation (7/23/20)    
FY21 Budget Adoption (6/25/20)    
FY21 Budget Public Hearing (6/11/20)    
Fiscal Year 2021 Budget Sources Uses Service Plan and Capital Budget (5/28/20)    
Fiscal Year 2020-2021 Budget Overview (5/14/20)

Preliminary Budget

FY21 Working Budget Memo

Fiscal Year 2020 (July 1, 2019 - June 30, 2020)

Quarterly Financial Reports

FY20 Q4 QFR    
FY20 Q3 QFR    
FY20 Q2 QFR    
FY20 Q1 QFR

Adopted Budget Summary

FY20 Year-End Budget Revisions Executive Decision Document    
FY20 Adopted Budget Report    
FY20 Adopted Budget Resolution

Preliminary Budget

FY20 Preliminary Budget Memo (Budget Pamphlet)

Fiscal Year 2019 (July 1, 2018 - June 30, 2019)

Quarterly Financial Reports

FY19 Q4 QFR    
FY19 Q3 QFR    
FY19 Q2 QFR    
FY19 Q1 QFR

Adopted Budget Summary

FY19 Year-End Budget Revisions Executive Decision Document    
FY19 Adopted Budget Report    
FY19 Adopted Budget Resolution Amendment    
FY19 Adopted Budget Resolution

Preliminary Budget

FY19 Preliminary Budget Memo (Budget Pamphlet)

BART Official Statements

Official Statements and Bond Ratings provides information in connection with District-issued government general obligation and sales tax revenue bonds, and related bond ratings by private financial agencies.

2017 Official Statement Tax Revenue Bonds 
2017 Official Statement General Obligation Bonds 
2016 Official Statement Sales Tax Revenue Bonds Refunding Series A 
2015 Official Statement Sales Tax Revenue Bonds Refunding Series A 
2013 Official Statement General Obligation Bonds 
2012 Official Statement Sales Tax Revenue Bond Refunding 
2010 Official Statement Sales Tax Revenue Bond Refunding 
2007 Official Statement General Obligation Bonds

Audited Financial Reports

An examination of BART’s financial statements is detailed in Audited Financial Reports that are prepared by an independent organization in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.

FY21 Audited Financial Report 
FY20 Audited Financial Report 
FY19 Audited Financial Report 
FY18 Audited Financial Report 
FY17 Audited Financial Report 
FY16 Audited Financial Report 
FY15 Audited Financial Report

Quarterly Reports from the Controller Treasurer

The Quarterly Report from the Controller-Treasurer to the Board contains information on employee compensation, accounts payable, accounts receivable, and financing.

December 2021/March 2022    
September 2021    
June 2021    
March 2021    
December 2020    
September 2020    
June 2020     
March 2020    
December 2019    
September 2019    
June 2019    
March 2019    
December 2018    
September 2018    
June 2018    
March 2018    
December 2017    
June 2017    
March 2017

Employee Reimbursements

Reimbursements to District employees and board members are reported in compliance with California Government Code 53065.5.

2021 Employee Reimbursements    
2020 Employee Reimbursements    
2019 Employee Reimbursements    
2018 Employee Reimbursements    
2017 Employee Reimbursements    
2016 Employee Reimbursements     
2015 Employee Reimbursements