FY 14-15 Adopted Budget

Infrastructure - Greensboro Transit Authority

BUDGET SUMMARY

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

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 6,642,103 1,085,349 8,249,179 1,273,863 1,262,101

3,093,788 6,642,104 1,048,238 8,249,000 1,265,025 1,673,711 22,847,511 875,645

3,045,788 6,509,231 1,007,805 8,331,000 1,265,025 1,703,393 22,728,043 865,801

3,055,788 6,509,231

Federal & State Grants Duke Power Contribution

963,754

Ad Valorem Tax

8,435,000

Appropriated Fund Balance

863,526

Licenses and Permits

1,265,025 1,747,444 22,839,768

All Other

586,305

Subtotal

22,199,141

General Fund Contribution

0

0

0.0

0

Total

22,199,141

22,847,511

22,728,043

22,839,768

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.

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