FY25 Proposed Budget

Transit (7150 - 7151) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 8,519,509 10,389,249 $ $ 12,466,464 12,462,467 $ $ 6,425,074 $ 4,439,524

Revenues:

Use Of Money And Property Interest Revenues

$

24,131 $

287,503 $

55,502 $

55,502 $

100,000 $

100,000 174,400

Rents

149,660

172,353

171,000

171,000

174,400

Intergovernmental

Federal Ingergovernmental Revenue

7,873,968

4,400,483

3,975,486

9,698,184

5,972,500

4,243,500

State 28E Agreements Disaster Assistance

40,682

-

- -

- -

- -

- -

3,356

399

Other State Grants

634,298

659,294 42,920

578,579 40,682

578,579 40,682

659,300 42,900

659,300 42,900

Local 28E Agreements

-

Charges For Fees And Services Transit Fees

919,435

1,054,035

927,000

64,500

-

-

Miscellaneous Charges For Services

32

190 357

100 719

100 719

500 400

500 400

Refuse Charges Parking Charges

719

683,747

600,030

744,200

744,200

909,300

918,393

Miscellaneous

Other Miscellaneous Revenue

67,555

68,013

69,000

69,000

69,000

69,000

Other Financial Sources Sale Of Assets

-

5,485

-

-

-

-

Sub-Total Revenues

10,397,584

7,291,062 6,562,268

11,422,466

7,928,300

6,208,393

Transfers In:

Transit Property Tax Levy Miscellaneous Transfer-In

4,122,880

4,119,501

4,112,978

4,112,978

4,247,200

4,374,600

-

-

-

119,017 750,000

-

-

Capital Reserves

3,208,799

2,802,600

1,000,000 5,112,978

750,000

750,000

Sub-Total Transfers In

7,331,679 6,922,101

4,981,995

4,997,200

5,124,600

Total Revenues & Transfers In

$ 17,729,263 14,213,163 $ $ 11,675,246 16,404,461 $ $ 12,925,500 $ 11,332,993

Expenditures:

Transit Admin

$

559,999 $

581,077 $

693,622 $

696,807 $

726,050 $

742,570

Transit Operations Fleet Maintenance

5,418,725 1,792,512

5,851,503 1,900,526

7,221,420 2,203,757

6,678,827 2,262,624

6,553,100 2,154,600

6,727,224 2,204,902

Court St Transportation Center

229,585

232,747 310,925

214,849

216,007

237,600

242,741

Replacement Reserve Sub-Total Expenditures

4,557,328 12,558,148

-

5,327,589 15,181,854

2,284,200 11,955,550

-

8,876,778 10,333,648

9,917,437

Transfers Out:

Capital Project Fund Capital Reserves

92,575

460,567

325,000

6,510,000

2,205,500

25,000 750,000 775,000

3,208,799

2,802,600

1,000,000 1,325,000

750,000

750,000

Sub-Total Transfers Out

3,301,374 3,263,167

7,260,000

2,955,500

Total Expenditures & Transfers Out

$ 15,859,522 12,139,945 $ $ 11,658,648 22,441,854 $ $ 14,911,050 $ 10,692,437 $ 10,389,249 12,462,467 $ $ 12,483,062 $ 6,425,074 $ 4,439,524 $ 5,080,080

Fund Balance, June 30

Restricted / Committed /Assigned

8,298,920 10,790,595

11,065,245

4,747,256

2,761,556

3,511,556

Unassigned Balance

$ 2,090,329 1,671,872 $ $ 1,417,817 $ 1,677,818 $ 1,677,968 $ 1,568,524

% of Revenues & Transfers In

12%

12%

12%

10%

13%

14%

442