At the first Coastal Conservancy meeting of the fiscal year, staff provides an annual financial report to the Coastal Conservancy Board. The financial report is an overview of the past year’s expenditures and an overall picture of the agency’s funding. The report describes the budget for the operation of the Conservancy and summarizes both funding for the implementation of Conservancy projects and grants.
At the direction of the Legislature, the Conservancy developed a long term funding plan for the operation of the agency from 2013 – 2023, assuming no new bond funds. In November 2014, Caliornia voters approved Proposition 1, a water bond that provides $100.5 million to be administered by the Conservancy. The Conservancy’s long term funding plan is a roadmap for the future and is revisited every year as part of the annual financial report.