The Golden Gate Bridge District could approve its capital and operating budgets for the upcoming fiscal year later this week.

Between its operating and capital budgets, the bridge district is facing a $19.8 million budget shortfall for the 2011 fiscal year, which begins July 1. To make up that shortfall, the district has recommended transferring money from its reserves fund.

At the district’s finance committee on Thursday, the group will discuss the budget proposal, with approval action possible. If the committee recommends the budget for approval, it could receive final authorization at the full board meeting on Friday.

wreisman@sfexaminer.com