FY2024 Proposed Budget

Transit (7150 - 7151) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

12,466,464 $

6,576,920 $

6,914,357 $

8,519,509 $

10,389,249 $

12,781,235 $

Revenues:

Use Of Money And Property Interest Revenues

$

55,502 171,000

$

103,672 152,123

$

29,829 89,102

$

24,131 149,660

$

50,000 165,000

$

55,502 171,000

Rents

Intergovernmental Federal Ingergovernmental Revenue

3,975,486

2,562,895

2,542,456

7,873,968

4,377,864

3,975,486

- -

State 28E Agreements Disaster Assistance

52,611

3,805

40,682

40,270

- -

-

-

3,356

-

578,579 40,682

Other State Grants

531,641 60,186

562,529 41,787

634,298

562,530

578,579 40,682

Local 28E Agreements

-

-

Charges For Fees And Services Transit Fees

927,000

968,974

668,695

919,435

1,012,890

927,000

Miscellaneous Charges For Services

100 719

- -

700

32

700

100 719

Refuse Charges Parking Charges

719

-

-

744,200

621,013

584,545

683,747

751,300

744,200

Miscellaneous

-

Printed Materials

15

-

-

-

-

69,000

Other Miscellaneous Revenue

61,468

74,903

67,555

69,000

69,000

Other Financial Sources Sale Of Assets

-

9

16,245

-

-

-

Sub-Total Revenues

6,562,268

5,114,607

4,614,597

10,397,584

7,029,554

6,562,268

Transfers In:

4,221,512 1,000,000 5,221,512

Transit Property Tax Levy

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

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

4,122,880 3,208,799 7,331,679

4,106,177 2,266,325 6,372,502

4,126,944 1,000,000 5,126,944

Capital Reserves

Sub-Total Transfers In

Total Revenues & Transfers In

11,783,780 $

10,156,160 $

9,869,789 $

17,729,263 $

13,402,056 $

11,689,212 $

Expenditures:

$

693,622

$

709,944

Transit Admin

$

501,285

$

559,645

$

559,999

$

684,875

7,031,781 2,203,757

Transit Operations Fleet Maintenance

5,881,294 1,372,252

4,751,461 1,286,622

5,418,725 1,792,512

6,038,368 1,632,464

6,338,309 2,254,764

214,849

Court St Transportation Center

218,120 312,957

216,728 21,785

229,585

227,809

219,597

-

Replacement Reserve Sub-Total Expenditures

4,557,328 12,558,148

-

-

10,144,009

8,285,908

6,836,241

8,583,516

9,522,614

Transfers Out:

325,000

Capital Project Fund Capital Reserves

151,894

250,000

92,575

475,000

7,575,000 1,000,000 8,575,000

1,000,000 1,325,000

1,380,922 1,532,815

1,178,397 1,428,397

3,208,799 3,301,374

2,266,325 2,741,325

Sub-Total Transfers Out

Total Expenditures & Transfers Out

11,469,009 $ 12,781,235 $ 11,065,245 1,715,990 $

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

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

15,859,522 $ 10,389,249 $

11,324,841 $ 12,466,464 $ 10,315,245 2,151,219 $

18,097,614 $ 6,372,833 $

Fund Balance, June 30

8,298,920

4,565,245

Restricted / Committed /Assigned

4,997,537

6,231,349

Unassigned Balance

1,916,820 $

2,288,160 $

2,090,329 $

1,807,588 $

% of Revenues & Transfers In

15%

19%

23%

12%

16%

15%

450