The 2017 Joint Power Agreement established member agency funding commitments for the GSA for at least until the end of FY 2026.
The GSA Board of Directors must adopt its fiscal year budget before the end of the preceding fiscal year. Since the fiscal year begins July 1 and ends June 30, the Board must adopt the next year’s budget by June 30 of each year. The GSA maintains strict accountability of all funds and reports all receipts and disbursements on a quarterly basis. A certified public accountant audits the GSA annually.
For fiscal year 2017-2018, approximately 22% of the budget was dedicated to developing the Groundwater Sustainability Plan (GSP), as required by the SGMA. Between 2018-19 and 2021-2022, an increasingly larger portion of the budget was dedicated to the GSP as the GSA spent more time developing the Plan and less time on formational documents, like bylaws and a charter.
Beginning in 2022-23, the GSA budget will focus on implementation of the projects, programs and management actions described in the GSP.