FY2023 Adopted Budget

Transit (7150 - 7151) Fund Summary

2019

2020

2021

2022

2023

2024

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

11,623,123 $

6,159,100 $

6,576,920 $

6,914,357 $

8,519,509 $

12,210,200 $

Revenues:

Use Of Money And Property Interest Revenues

$

50,000 165,000

$

137,651 137,562

$

103,672 152,123

$

29,829 89,102

$

50,000 130,050

$

50,000 165,000

Rents

Intergovernmental

2,043,467

Federal Ingergovernmental Revenue

1,692,952

2,562,895

2,542,456

8,590,049

2,043,467

-

State 28E Agreements

-

52,611

3,805

-

-

562,530 40,270

Other State Grants

456,467 37,749

531,641

562,529 41,787

531,640 39,140

562,530 40,270

Local 28E Agreements

60,186

Charges For Fees And Services Transit Fees

1,409,590

1,409,590

1,220,390

1,220,379

968,974

668,695

Miscellaneous Charges For Services

700

910

-

700

-

700

Parking Charges

751,300

774,165

621,013

584,545

747,110

751,300

Miscellaneous

- -

Printed Materials

-

15

- -

- -

- -

Miscellaneous Merchandise Other Miscellaneous Revenue

1,183

-

69,000

76,738

61,468

74,903

52,020

69,000

Other Financial Sources Sale Of Assets

-

23

9

16,245

-

-

Sub-Total Revenues

5,091,857

4,535,779

5,114,607

4,614,597

11,360,399

5,091,857

Transfers In:

4,106,177

Transit Property Tax Levy

3,563,749 3,152,097 6,715,846

3,660,631 1,380,922 5,041,553

4,076,795 1,178,397 5,255,192

4,142,112

4,087,833

280,000

Capital Reserves

885,433

280,000

Sub-Total Transfers In

4,386,177

5,027,545

4,367,833

Total Revenues & Transfers In

9,478,034 $

11,251,625 $

10,156,160 $

9,869,789 $

16,387,944 $

9,459,690 $

Expenditures:

$

684,875

Transit Admin

$

444,131

$

501,285

$

559,645

$

588,589

$

700,863

6,008,810 1,572,463

Transit Operations Fleet Maintenance

5,336,491 1,453,355

5,881,294 1,372,252

4,751,461 1,286,622

5,905,746 1,553,878

6,166,886 1,610,624

224,809

Court St Transportation Center

212,632

218,120 312,957

216,728 21,785

224,934

229,666

-

Replacement Reserve Sub-Total Expenditures

-

4,005,750 12,278,896

-

8,490,957

7,446,609

8,285,908

6,836,241

8,708,039

Transfers Out:

120,000 280,000 400,000

Capital Project Fund Capital Reserves

235,099

151,894

250,000

120,000 885,433

5,120,000

3,152,097 3,387,196

1,380,922 1,532,815

1,178,397 1,428,397

280,000

Sub-Total Transfers Out

1,005,433

5,400,000

Total Expenditures & Transfers Out

8,890,957 $ 12,210,200 $

10,833,805 $ 6,576,920 $

9,818,723 $ 6,914,357 $

8,264,638 $ 8,519,509 $

13,284,329 $ 11,623,123 $

14,108,039 $ 7,561,852 $

Fund Balance, June 30

6,408,312

Restricted / Committed /Assigned

3,929,573

4,997,537

6,231,349

6,128,312

1,688,312

Unassigned Balance

5,801,888 $

2,647,348 $

1,916,820 $

2,288,160 $

5,494,811 $

5,873,540 $

% of Revenues & Transfers In

61%

24%

19%

23%

34%

62%

450