Financial Administration of the Grand Valley Metropolitan Council

The Grand Valley Metro Council operates on fiscal year that runs from October 1 through September 30.

Each year beginning in April, GVMC management prepares a detailed budget for the upcoming year that details anticipated revenues and budgeted expenditures for all GVMC operations, including multi-modal transportation planning (the GVMC Metropolitan Planning Organization or MPO), Planning and Strategic Initiatives, General Administration and the Regional Geographic Information System (REGIS) Agency.  The ten-member GVMC Finance Committee, chaired by the GVMC Treasurer, works with executive management to review and finalize the various components of the Metro Council budget and reports their recommendations to the ten-member GVMC Executive Committee each July and the 46-member GVMC Board of Directors in August of each year for a preliminary review.  Following extensive review by the GVMC Board and posting for public review, the GVMC Board conducts a formal public hearing each year at the September GVMC Board meeting and then votes on the budget as proposed.

Throughout the fiscal year, executive management carefully monitors revenues and expenditures to ensure that the organization is operating within the authorized budget. From time to time throughout the fiscal year executive management, working with the Finance and Executive Committees, recommends budget amendments for Board approval to assure that revenues and expenditures remain in balance. 

In October of each year, GVMC contracts with an independent, outside auditing firm to analyze GVMC's financial performance for the past fiscal year, to assure that the budget has been followed and that appropriate controls are in place to protect the assets of the Grand Valley Metropolitan Council.

On September 6, 2012, following a formal public hearing, the Grand Valley Metro Council adopted – by unanimous vote – the GVMC General Fund Budget and REGIS Agency budget for Fiscal Year 2012-2013.

GVMC FY 2012/2013 GENERAL FUND BUDGET AT A GLANCE

Revenues                            Expenditures             Net Revenues Over Expenditures
$1,835,490                         $1,831,181                                     $4,309

To view the FY 2011/2012 Annual Report, please click the link.

To view the GVMC FY 2011-2012 Financial Audit, please click this link

To view and print the proposed GVMC FY 2012-2013 budget, please click this link

To view and print the entire GVMC FY 2011-2012 budget, with narratives, please click this link

To view GVMC FY 2011-2012 amended budget, please click this link

To view the GVMC FY 2010-2011 Financial Audit, please click this link

Finance Commitee: Meets as necessary

Minutes: