FY24 Adopted Budget

Transit (7150 - 7151) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$ 6,576,920 6,914,357 $ $ 8,519,509 10,389,249 $ $ 12,466,464 $ 12,483,062

Revenues:

Use Of Money And Property Interest Revenues

$

103,672 $

29,829 $

24,131 $

50,000 $

55,502 $

55,502 171,000

Rents

152,123

89,102

149,660

165,000

171,000

Intergovernmental

Federal Ingergovernmental Revenue

2,562,895

2,542,456

7,873,968

4,377,864

3,975,486

3,975,486

State 28E Agreements Disaster Assistance

52,611

3,805

40,682

40,270

- -

- -

-

-

3,356

-

Other State Grants

531,641 60,186

562,529 41,787

634,298

562,530

578,579 40,682

578,579 40,682

Local 28E Agreements

-

-

Charges For Fees And Services Transit Fees

968,974

668,695

919,435

1,012,890

927,000

927,000

Miscellaneous Charges For Services

- -

700

32

700

100 719

100 719

Refuse Charges Parking Charges

-

719

-

621,013

584,545

683,747

751,300

744,200

744,200

Miscellaneous

Printed Materials

15

-

-

-

-

-

Other Miscellaneous Revenue

61,468

74,903

67,555

69,000

69,000

69,000

Other Financial Sources Sale Of Assets

9

16,245

-

-

-

-

Sub-Total Revenues

5,114,607 4,614,597

10,397,584

7,029,554

6,562,268

6,562,268

Transfers In:

Transit Property Tax Levy

3,660,631 1,380,922

4,076,795 1,178,397

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

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

4,112,978 1,000,000 5,112,978

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

Capital Reserves

Sub-Total Transfers In

5,041,553 5,255,192

Total Revenues & Transfers In

$ 10,156,160 $ 9,869,789 17,729,263 $ $ 13,402,056 $ 11,675,246 $ 11,689,212

Expenditures:

Transit Admin

$

501,285 $

559,645 $

559,999 $

684,875 $

693,622 $

709,944

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

7,221,420 2,203,757

6,533,638 2,254,764

Court St Transportation Center

218,120 312,957

216,728 21,785

229,585

227,809

214,849

219,597

Replacement Reserve Sub-Total Expenditures

4,557,328 12,558,148

-

-

-

8,285,908 6,836,241

8,583,516

10,333,648

9,717,942

Transfers Out:

Capital Project Fund Capital Reserves

151,894

250,000

92,575

475,000

325,000

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

1,380,922

1,178,397

3,208,799 3,301,374

2,266,325 2,741,325

1,000,000 1,325,000

Sub-Total Transfers Out

1,532,815 1,428,397

Total Expenditures & Transfers Out

$ 9,818,723 8,264,638 $ $ 15,859,522 11,324,841 $ $ 11,658,648 $ 18,292,942 $ 6,914,357 8,519,509 $ $ 10,389,249 12,466,464 $ $ 12,483,062 $ 5,879,332

Fund Balance, June 30

Restricted / Committed /Assigned

4,997,537

6,231,349

8,298,920 10,315,245

11,065,245

4,565,245

Unassigned Balance

$ 1,916,820 2,288,160 $ $ 2,090,329 $ 2,151,219 $ 1,417,817 $ 1,314,087

% of Revenues & Transfers In

19%

23%

12%

16%

12%

11%

450