2018-2019 Adopted Budget

Infrastructure - Greensboro Transit Authority

BUDGET SUMMARY

2016-17

2017-18 Budget

2018-19 Adopted

2019-20 Projected

Actual

Expenditures:

Personnel Costs

631,383

878,868

973,804

996,118

Maintenance & Operations

20,694,282

22,729,939

22,576,837

22,203,064

Capital Outlay

123,880

0

0

0

Total

21,449,545

23,608,807

23,550,641

23,199,182

Total FTE Positions

10.750

12.000

13.000

13.000

Revenues:

User Charges

2,344,049 6,159,722

2,367,000 6,094,344

2,269,000 6,161,441

2,269,000 6,161,441

Federal & State Grants

Duke Power Contribution - Interest

915,759

915,759

863,470

863,470

Ad Valorem Tax

9,110,709

9,575,000 2,097,259 1,080,000 1,479,445 23,608,807

9,725,000 1,727,567 1,200,000 1,604,163 23,550,641

9,873,000 1,207,987 1,200,000 1,624,284 23,199,182

Appropriated Fund Balance

379,597

Licenses and Permits

1,119,392 1,671,751 21,700,979

All Other

Subtotal

General Fund Contribution

0

0

0

0

Total

21,700,979

23,608,807

23,550,641

23,199,182

BUDGET HIGHLIGHTS  The FY 18-19 Budget is decreasing by $58,166, or 0.2%.  Appropriated Fund Balance decreases from $2.1 million in FY 17-18 to $1.7 million in FY 18-19.  The FY 18-19 budget includes a 3.0% increase in contracted transportation costs. Staff is currently evaluating submittals to the recent Request for Proposals for contracted transportation providers. A selection is expected to take place in the first half of FY 18-19.  GTA added 1 FTE mid-year in FY 17-18, an apprentice position paid for through a state funded program. In FY 18-19, GTA will add 1 FTE to a non-operating grant fund. The position is a Planner funded through the Metropolitan Planning Organization (MPO).  The GTA Board is continuing to review opportunities to improve the long-term financial sustainability of GTA, including through service modifications. The Mobility Greensboro 2040 Plan will be completed in early FY 18-19 and will inform those decisions.

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