Finance

Overview

WRCOG’s Finance Department manages the Agency’s budgets, accounting, payroll, investments, and financial reporting while prioritizing transparency, accountability, and efficiency to support member jurisdictions.

The WRCOG Finance Department is responsible for budget management, payroll, purchasing, assets, accounting, debt management, investments, and financial reporting. Above all, the Finance Department values integrity, accountability, and transparency, and is committed to providing the highest quality support services in the most efficient and cost-effective manner to its member jurisdictions.

Financial Documents

The Annual Comprehensive Financial Report (ACFR) for WRCOG contains financial statements that have been prepared in conformity with the United States Generally Accepted Accounting Principles (GAAP) prescribed for governmental entities. The Agency’s Annual Fiscal Year Budget consists of funding information for the Agency’s various departments. WRCOG’s investment summary reflects the Agency’s investment earnings from the previous quarter. The financial statements show WRCOG’s financial position in the fiscal year through the most recent month.

WRCOG’s Strategic Plan

On January 12, 2022, the Executive Committee adopted a new Strategic Plan with specific fiscal-related goals: 1) Maintain sound, responsible fiscal policies; 2) Develop a process to vet fiscal impact(s) and potential risk(s) for all new programs and projects; and 3) Provide detailed financial statements for public review online. As staff begin to work on meeting these goals, they will seek input through WRCOG’s Committee structure and the public regarding updates and to ensure these goals are being met.

Salary & Stipends

WRCOG currently supports its member jurisdictions with 30 full-time employees. WRCOG provides stipends to its Executive Committee and Administration & Finance Committee members for regular meeting attendance, and to members who are appointed to represent WRCOG at various other agencies.

Disclosure of Reimbursements

California Government Code Section 53065.5 requires special districts to annually disclose payments made to its employees or board members for reimbursement of individual charges in excess of $100. Reports are posted for the previous fiscal year by June 30th of each year. Please see the below report for details.

Reimbursement Disclosure Report FY 2025

Monthly Payment Registers

The Payment Register is an important report providing transparency of financial transactions and payments for WRCOG activity. The Payment Register lists all checks and EFT payments made in the corresponding month.

Payment Report – December 2025

Credit Card Statements

A monthly list of purchases made via credit card, broken down by WRCOG’s General credit card and credit cards issued to each department.

WRCOG General Credit Card Statement – December 2025

WRCOG Department Credit Card Statement – December 2025

Quarterly Investment Reports

WRCOG maintains a portfolio of investments to earn interest on cash balances that are not currently required to fund operations or capital improvements. WRCOG investment policy prioritizes portfolio management goals of safety and liquidity followed by yield.

These Quarterly Investment Reports detail WRCOG’s cash and investments for the quarter. All of the investments in the portfolio are in full compliance with both WRCOG’s Investment Policy and Government Code Section 53601.