Town of Blacksburg Adopted Operating Budget FY 2027

TRANSIT FUND FIVE-YEAR SUMMARY 1

Actual 2 FY 2025

Actual FY 2023

Actual FY 2024

Budget FY 2026

FY 2027 Budget

Beginning Net Position

12,494,797 $

19,362,241 $

12,925,707 $

12,310,200

12,835,571 $

$

REVENUES Federal/State Grants Virginia Tech Contract

18,487,896 $

15,158,529 $

17,735,059 $

15,557,493 $

19,829,231 8,660,070

$

5,360,990

7,101,283

6,642,831

8,165,293

Christiansburg Reimbursement

382,800

652,437

484,135

718,007

652,937

Fares and passes

-

-

-

-

-

Interest

31,150 20,254

261,823

194,481 201,225

200,000 132,927

100,000 173,530

Other

2,231

Total Revenues

25,257,731 $ 24,773,720 $

29,415,768

$ 24,283,090 $ 23,176,303 $

EXPENSES Administration

2,099,249 $

2,881,677 $

2,889,016 $

2,163,046 $

2,481,465

$

Communications and Customer Support

379,774 571,677

545,558 673,409

458,294 819,747

438,224 968,726

463,500 924,753

Information Technology

Operations

4,412,366

7,767,276

6,150,451

6,707,391

7,578,745

Training

404,617 115,224

706,211 116,081

709,375 88,617

665,866 131,855

738,790 129,690

Access

Maintenance

3,019,740 13,621,217

4,057,955 (439,308)

3,951,536 25,476,230

4,980,512 8,718,100

4,136,383 13,122,500 29,575,826

Capital

Total Expenses

40,543,266 $ 24,773,720 $

$ 24,623,864 $ 16,308,859 $

OTHER FINANCING SOURCES

Net Gain (Loss)

(340,774)

6,867,444

(15,285,535)

-

(160,058)

Ending Net Position

4,076,706 $ 12,925,707 $

12,150,142

$ 12,494,797 $ 19,362,241 $

1 For comparison purposes with other fund summaries, projected and budgeted expenditures are recognized on the modified accrual basis of accounting. 2 The FY 2025 Actuals are unaudited.

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