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Infrastructure - Greensboro Transit Authority
BUDGET HIGHLIGHTS
The FY 14-15 budget for GTA is decreasing by approximately $120,000, or 0.5%.
Beginning September 1, 2014, the City will transfer the Career Express service to the Piedmont Authority for
Regional Transportation.
In order to postpone service cuts (other than transferring the Career Express) and fare increases in FY 14-
15, GTA is budgeting $865,801 in fund balance use.
The City entered into a new three year contract to provide bus services that will begin in FY 14-15. The cost
of contracted transportation in FY 14-15, under the new contract, will be over $1.1 million less than what was
in the FY 13-14 budget.
The City will continue to explore options to improve the long-term financial outlook for GTA, including the
service and fare changes initially considered for FY 14-15.
BUDGET SUMMARY
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
785,179
824,031
837,028
858,140
Maintenance & Operations
22,060,412
22,012,689
21,891,015
21,981,628
Capital Outlay
0
10,791
0.0
0
Total
22,845,590
22,847,511
22,728,043
22,839,768
Total FTE Positions
12.750
12.750
11.750
11.750
Revenues:
User Charges
3,100,241
3,093,788
3,045,788
3,055,788
Federal & State Grants
6,642,103
6,642,104
6,509,231
6,509,231
Duke Power Contribution
1,085,349
1,048,238
1,007,805
963,754
Ad Valorem Tax
8,249,179
8,249,000
8,331,000
8,435,000
Appropriated Fund Balance
1,273,863
875,645
865,801
863,526
Licenses and Permits
1,262,101
1,265,025
1,265,025
1,265,025
All Other
586,305
1,673,711
1,703,393
1,747,444
Subtotal
22,199,141
22,847,511
22,728,043
22,839,768
General Fund Contribution
0
0
0.0
0
Total
22,199,141
22,847,511
22,728,043
22,839,768
