Midpen’s primary revenue source is a share of the annual total property tax collected by counties within District boundaries. Other revenue sources may include federal and state grants, interest and rental income, donations, land gifts and note issues.
Our annual accomplishments report highlights Midpen’s focused efforts on a balanced mission: land acquisition and preservation; natural resources protection and restoration; public access, education and outreach; and for the Coastside, encouraging agricultural use of land resources and preserving rural character.
- FY22 Accomplishments Report | FY22 Highlights Video
- FY21 Accomplishments Report
- FY20 Accomplishments Report | FY20 Highlights Video | FY20 Year-End Review Slides
- FY19 Accomplishments Report | FY19 Year-End Review Slides
- FY18 Accomplishments Report
- FY17 Accomplishments Report
- FY16 Accomplishments Report | FY16 Annual Report
- FY15 Accomplishments Report | FY15 Annual Report
- FY14 Accomplishments Report | FY14 Financial Profile
Budget and Action Plan
The work plan and corresponding funding plan for the coming year that embodies the mission of the Midpeninsula Regional Open Space District to acquire and preserve a regional greenbelt of open space, protect and restore the natural environment, provide opportunities for low-impact public enjoyment and education, and preserve viable agricultural land and rural character on the Coastside.
For the next 15 to 20 years and beyond, Midpen imagines a future that balances the components of our mission: land acquisition and preservation; natural resources protection and restoration; ecologically sensitive public enjoyment and education; and for the Coastside, encouraging viable agricultural use of land resources and preserving rural character. The adopted strategic plan guides decisions to achieve the most beneficial impact with the available resources.
The Measure AA bond oversight committee convenes at least once a year and takes the time required to thoroughly review annual Measure AA expenditures and Midpen’s Annual Audit and Accountability Report. Each year, the committee’s findings are presented to the board at a public meeting and are posted on our website. The MAA Bond Accountability Report measures MAA progress against each of the elements listed in the 25 MAA Porfolios as described under the MAA Expenditure Plan. Find out more about the committee.
The timeframe of this report spans from July 1, 2021 – June 30, 2022 and reflects Measure AA expenditures during this time period. The structure of this document is guided by the Measure AA Ballot language, specifically Priority Portfolio Actions by Region, which appears on page 7 of this report. See accountability reports from previous years
The Annual Comprehensive Financial Report includes introductory, financial and statistical sections and is prepared by the Finance Department, in compliance with the principles and standards for financial reporting established by the Governmental Accounting Standards Board. The financial section includes the audited financial statements and the independent auditor’s report. Prior to FY2016-17, Midpen presented an annual audited financial report.
Financial and Operational Sustainability Model
To support Midpen’s commitment to implement Measure AA projects efficiently and effectively while maintaining on-going operations and programs, the agency chose to evaluate its structure, capacity and financial sustainability. The resulting Financial and Operational Sustainability Model (FOSM) Report is a proactive effort to address the changing demands of the organization. Midpen has completed most of the strategic recommendations in the FOSM.