FY26 Proposed Budget

Transit (7150 - 7151) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 10,389,249 12,462,467 $ $ 6,425,074 13,531,550 $ $ 6,170,250 $ 4,271,201

Revenues:

Use Of Money And Property Interest Revenues

287,503 172,353

581,046 171,124

100,000 174,400

100,000 174,400

100,000 179,300

100,000 179,300

Rents

Intergovernmental

Federal Ingergovernmental Revenue

4,400,483

4,740,051

5,972,500 10,925,400

3,658,600

4,073,500

Disaster Assistance Other State Grants Local 28E Agreements

399

-

-

-

-

-

659,294 42,920

807,853 45,366

659,300 42,900

659,300 42,900

694,800 45,400

694,800 45,400

Charges For Fees And Services Transit Fees

1,054,035

64,504 26,924

-

-

-

-

Miscellaneous Charges For Services

190 357

500 400

500 400

26,900

1,900

Refuse Charges Parking Charges

-

-

-

600,030

694,087

909,300

796,300

801,400

809,414

Miscellaneous Contributions & Donations

-

50

-

-

-

-

Other Miscellaneous Revenue

68,013

67,318

69,000

69,000

69,000

69,000

Other Financial Sources Sale Of Assets

5,485

-

-

-

-

-

Sub-Total Revenues

7,291,062 7,198,323

7,928,300 12,768,200

5,575,400

5,973,314

Transfers In:

Transit Property Tax Levy Miscellaneous Transfer-In

4,119,501

4,058,874

4,247,200

4,247,200

4,335,300 1,000,000

4,422,000 1,000,000

-

194,540

-

-

Capital Reserves

2,802,600

1,300,000

750,000

750,000

750,000

750,000

Sub-Total Transfers In

6,922,101 5,553,414

4,997,200

4,997,200

6,085,300

6,172,000

Total Revenues & Transfers In

$ 14,213,163 12,751,737 $ $ 12,925,500 17,765,400 $ $ 11,660,700 $ 12,145,314

Expenditures:

Transit Admin

581,077

630,045

726,050

726,050

867,300

886,781

Transit Operations Fleet Maintenance

5,851,503 1,900,526

6,848,180 2,191,190

6,553,100 2,154,600

6,569,100 2,592,950

6,806,200 2,245,200

6,995,941 2,296,955

Court St Transportation Center

232,747 310,925

201,359 11,880

237,600

243,600

226,000

230,940

Replacement Reserve Sub-Total Expenditures

2,284,200

7,500,000

-

-

8,876,778 9,882,654

11,955,550 17,631,700

10,144,700

10,410,617

Transfers Out:

Capital Project Fund Capital Reserves

460,567

500,000

2,205,500

6,745,000

2,665,049

25,000 750,000 775,000

2,802,600

1,300,000

750,000

750,000

750,000

Sub-Total Transfers Out

3,263,167 1,800,000

2,955,500

7,495,000

3,415,049

Total Expenditures & Transfers Out

$ 12,139,945 11,682,654 $ $ 14,911,050 25,126,700 $ $ 13,559,749 $ 11,185,617

Fund Balance, June 30

12,462,467 13,531,550 10,790,595 12,078,715

4,439,524 6,170,250 2,761,556 4,717,415

4,271,201 2,827,366

5,230,898 3,577,366

Restricted / Committed /Assigned

Unassigned Balance

$ 1,671,872 1,452,835 $ $ 1,677,968 $ 1,452,835 $ 1,443,835 $ 1,653,532

% of Revenues & Transfers In

12%

11%

13%

8%

12%

14%

443