Financial Documents |Sonoma-Marin Area Rail Transit
SMART Train crosses Haystack Bridge in Petaluma.

Financial Documents


Audited Financial Reports

Single Audit Report FY23

Annual Comprehensive Financial Report for Year Ended, June 30, 2023

Single Audit Report FY22

Annual Comprehensive Financial Report
For the Year Ended, June 30, 2022

Single Audit Report FY 2021

Annual Comprehensive Financial Report 
For The Year Ended June 30, 2021

Comprehensive Annual Financial Report FY 2020

Single Audit Report FY 2020

Comprehensive Annual Financial Report FY 2019

Single Audit Report FY 2019

Comprehensive Annual Financial Report FY 2018

Single Audit Report FY 2018

Comprehensive Annual Financial Report FY 2017

Single Audit Report FY 2017

Comprehensive Annual Financial Report FY 2016

Single Audit Report FY 2016

Comprehensive Annual Financial Report FY 2015

Single Audit Report FY 2015

Comprehensive Annual Financial Report FY 2014

Single Audit Report FY 2014


Approved Budgets

FY 2024-25 Draft Budget

FY 2023-24 Approved Budget

FY 2022-23 Approved Budget

FY 2021-22 Approved Budget

FY 2020-21 Amended Budget

FY 2020-21 Approved Budget and FY 2019-20 Year End Report

FY 2019-20 Approved Budget and FY 2018-19 Year End Report

FY 2018-19 Approved Budget and FY 2017-18 Year End Report

FY 2017-18 Approved Budget and FY 2016-17 Year End Report

FY 2016-17 Approved Budget and FY 2015-16 Year-End Report

FY 2015-16 Approved Budget and FY 2014-15 Year-End Report

FY 2014-15 Approved Budget and FY 2013-14 Year-End Report


Meaure Q Annual Reports

Annual Report FY 2021-22

Annual Report FY 2020 and FY 2021

Annual Report FY 2018-19

Annual Report FY 2017-18

Annual Report FY 2016-17

Annual Report FY 2015-16

Annual Report FY 2014-15

Annual Report FY 2013-14

SMART 2020A Revenue Bonds

Official Statement

S&P Rating Letter – October 2020

S&P Rating Letter – February 2021

Employee and Board Compensation

Employee Compensation Information

2019 Board of Directors Compensation

SMART Board Member Compensation Policy

SMART Board Members are provided a stipend of one hundred dollars ($100) for attending Board meetings, which is designed as both a stipend and in lieu of reimbursement for travel or personal expenses.  Any Member who must travel in excess of 150 miles round trip, from their place of residence, to attend a Board meeting, receives one hundred ($100) in addition to the meeting stipend. The Chair and Vice Chair shall also be paid, in addition to the meeting stipend, a stipend of two hundred dollars ($200) in recognition of the performance of their additional duties as Chair and Vice Chair.


Strategic Plan

2019 Strategic Plan

2014 Strategic Plan


Expenditure Plan

2020 Expenditure Plan


Additional Documents

Short-Range Transit Plan Fiscal Year 2022-Fiscal Year 2029
Annual Appropriation Limit for FY22