The Budget Committee is Salem Area Mass Transit District's fiscal planning advisory committee. The Budget Committee consists of the seven elected Board of Directors and seven appointed citizens who serve three year terms. The Budget Committee meets two to three times during the fourth quarter of the fiscal year. The fiscal year runs from July 1 to June 30.
In accordance with Oregon's Local Budget Law (ORS 294), public meetings are held by the Budget Committee to review, discuss, make changes to and approve the proposed budget presented by SAMTD staff. The approved budget goes before the Board of Directors. They hold a Budget Hearing and then deliberate. Upon completion of their deliberations, the Board adopts the budget, and sets the tax rate and amount needed to balance the budget.
Budget Committee meetings are open to the public and are held in the Senator Hearing Room at Courthouse Square, 555 Court Street NE, Salem, Oregon 97301. Meetings begin at 6:00 p.m. on May 4, May 11, May 18 and if necessary on June 1, 2017. The Budget Hearing is June 22, 2017. These meetings were publicly noticed on April 14, 2017 and on April 21, 2017.
Any person may appear at the meeting and discuss the proposed programs with the Budget Committee. A copy of the proposed budget document may be inspected or obtained on or after the first budget meeting on May 11. The budget document may be inspected or obtained at the Cherriots Administration Office between 8:00 a.m. and 5:00 p.m. at 555 Court Street NE, Suite 5230, Salem, Oregon 97301 . Please visit this webpage for further notifications for the Budget Committee meetings.
Comprehensive Annual Financial Report
Each year, Cherriots has an independent auditor review our statements of net position, statements of revenues, expenses and changes in net position, and cash flows. The audit is based on the fiscal year starting July 1 and ending June 30.