FY27 Proposed Budget

Transit (7150 - 7151) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 12,462,467 13,531,550 $ $ 6,170,250 14,920,680 $ $ 3,925,656 $ 3,272,108

Revenues:

Use Of Money And Property Interest Revenues

581,046 171,124

608,322 175,076

100,000 179,300

100,000 179,300

152,100 191,000

152,100 191,000

Rents

Intergovernmental

Federal Ingergovernmental Revenue

4,740,051

4,333,506

3,658,600 15,284,088

8,162,100

3,949,000

Other State Grants

807,853 45,366

692,381 47,135

694,800 45,400

810,765 52,947

810,800 58,800

810,800 58,800

Local 28E Agreements

Charges For Fees And Services Transit Fees

64,504 26,924 694,087

19

-

-

-

-

Miscellaneous Charges For Services

1,173

26,900 801,400

1,900

1,200

1,200

Parking Charges

908,324

801,400

927,952

937,232

Miscellaneous Contributions & Donations

50

-

-

-

-

-

Other Miscellaneous Revenue

67,318

88,042

69,000

69,000

81,600

81,600

Sub-Total Revenues

7,198,323 6,853,978

5,575,400 17,299,400

10,385,552

6,181,732

Transfers In:

Transit Property Tax Levy Miscellaneous Transfer-In

4,058,874

4,247,200

4,331,700

4,331,700

4,515,500 1,213,800

4,678,200 1,285,000

194,540

-

1,000,000 1,000,000

Capital Reserves

1,300,000

750,000

750,000

750,000

750,000

750,000

Sub-Total Transfers In

5,553,414 4,997,200

6,081,700

6,081,700

6,479,300

6,713,200

Total Revenues & Transfers In

$ 12,751,737 11,851,178 $ $ 11,657,100 23,381,100 $ $ 16,864,852 $ 12,894,932

Expenditures:

Transit Admin

630,045

642,690

867,300

867,300

825,300

844,100

Transit Operations Fleet Maintenance

6,848,180 2,191,190

7,107,002 1,943,204 267,481 (423,329)

6,806,200 2,245,200

7,250,275 2,429,500

7,809,100 2,221,700

8,010,300 2,273,000

Court St Transportation Center

201,359 11,880

226,000

226,000

237,300

242,500

Replacement Reserve Sub-Total Expenditures

-

13,168,000

5,650,000 16,743,400

-

9,882,654 9,537,048

10,144,700 23,941,075

11,369,900

Transfers Out:

Capital Project Fund Capital Reserves

500,000

175,000 750,000 925,000

2,665,049

9,685,049

25,000 750,000 775,000

25,000 750,000 775,000

1,300,000 1,800,000

750,000

750,000

Sub-Total Transfers Out

3,415,049 10,435,049

Total Expenditures & Transfers Out

$ 11,682,654 10,462,048 $ $ 13,559,749 34,376,124 $ $ 17,518,400 $ 12,144,900

Fund Balance, June 30

13,531,550 14,920,680 12,078,715 13,252,044

4,267,601 3,925,656 2,827,366 2,006,995

3,272,108 1,353,495

4,022,140 2,103,495

Restricted / Committed /Assigned

Unassigned Balance

$ 1,452,835 1,668,636 $ $ 1,440,235 $ 1,918,661 $ 1,918,613 $ 1,918,645

% of Revenues & Transfers In

11%

14%

12%

8%

11%

15%

402