Operating Budget 2025-2026

TRANSIT FUND FIVE-YEAR SUMMARY 1

Actual 2 FY 2024

Actual

Actual

Revised FY 2025

FY 2026 Adopted

FY 2022

FY 2023

Beginning Cash Balance (July 1)

9,369,847 $ 10,570,856 $ 10,281,966 $

12,651,207 $

12,925,707

$

REVENUES Federal/State Grants Virginia Tech Contract

$ 13,969,730 $ 18,572,954 $ 16,701,947 $

16,228,075 $

15,557,493 8,165,293

5,319,908

5,101,283

6,912,764

8,350,328

Christiansburg Reimbursement

382,800

503,450

656,712

665,113

718,007

Fares and passes

-

-

-

-

-

Interest

16,226 153,982

58,809 98,478

233,528 213,834

34,984 176,000

200,000 132,927

Other

Total Revenues

24,773,720

$ 19,842,646 $ 24,334,974 $ 24,718,785 $ 25,454,500 $

EXPENDITURES Administration

1,147,955 $

2,317,018 $

2,563,221 $

2,136,222 $

2,163,046

$

Communications and Customer Support

338,433 632,912

277,229 571,677

351,145 660,719

417,854 804,779

438,224 968,726

Information Technology

Operations

4,935,918

4,412,366

5,281,983

5,736,502

6,839,246

Training

316,825

404,617

631,609

756,399

665,866

Access

-

-

-

-

-

Maintenance

2,650,972 8,618,622

3,172,361 13,468,596

3,988,404 8,872,463

4,310,344 11,017,900

4,980,512 8,718,100 24,773,720

Capital

Total Expenditures

$ 18,641,637 $ 24,623,864 $ 22,349,544 $ 25,180,000 $

OTHER FINANCING SOURCES

1,201,009 *

2,369,241 *

274,500 *

Net Gain (Loss)

(288,890)

-

Ending Cash Balance

12,925,707

$ 10,570,856 $ 10,281,966 $ 12,651,207 $ 12,925,707 $

* Planned Use of Cash

1 For comparison purposes with other fund summaries, projected and budgeted expenditures are recognized on the modified accrual basis of accounting.

2 The FY 2024 Actuals are unaudited.

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