Financial Reports
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, California voters approved Proposition 1, a water bond that provides $100.5 million to be administered by the Conservancy. In June 2018, voters approved Proposition 68, the Parks, Environment, and Water Bond, which allocated $226 million to be allocated by the Conservancy. On September 23, 2021, Governor Newsom signed a budget bill that includes a total of $500 million for coastal resilience to be appropriated to the State Coastal Conservancy in Fiscal Years 2022-23 and 2023-24.
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.