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Finance Department

Annual Budget
The San Mateo County Harbor District’s budget, as approved by the Harbor Commission, reflects resource allocations consistent with District policies, goals, and priorities.  It also communicates to our citizens and staff, an action plan for the upcoming fiscal year.

 The District’s budget process is outlined in Policy 4.9.1. and Policy 4.9.2 of the Policy Handbook. Adoption of the Preliminary Budget and Final Budget is governed by Harbor and Navigation Code Section 6093 (et. seq.).

The District’s process for preparing its annual budget begins mid-year (fiscal year) for the succeeding year’s budget. District Finance staff begins the current fiscal year’s mid-year performance to budget analysis. The Harbor Commission reviews the mid-year budget report in February. Having reviewed the current year’s performance and identified budget issues and goals for the next fiscal year, staff prepares a first draft preliminary budget which is introduced to the Harbor Commission at a public meeting in March and a final preliminary budget is adopted in April. The Harbor Commission publishes a notice pursuant to Section 6061 of the Government Code stating that the adopted preliminary budget is available for public review. The public has at least 30 days to review and provide comment prior to the adoption of the final budget. The final budget is normally adopted in June.

Financial Reports
Per the State of California Government Code section 53891 (a) a Special Districts Financial Transactions Report is required to be submitted to the State Controller’s Office within seven months after the close of the fiscal year. The report contains data from the audited financial statements prepared in accordance with generally accepted accounting principles, if this data is available.

Financial Statements
Per Harbors and Navigation Code Section 6062 the Harbor Commission is required to provide for a yearly audit of its books by a certified  public accountant or a public accountant and compile a statement of its finances. The statement shall be open to the inspection of any qualified electors of the district.

For questions, please contact the Director of Administrative Services at (650) 583-4996.