2025 Annual Comprehensive Report

compared to $21,746,737 for the preceding year, an increase of 14.6% primarily due to the recording of estimates for potential assessment and corrective action (PACA) to align with practices

encouraged by state environmental officials. 6) Greensboro Transit Advisory Commission

Charges for current services totaled $1,849,968 as compared to $2,003,231 in the preceding year, a decrease of 7.7% primarily due to the cancellation of HEAT service, a decrease in overall ridership, and several days in 2025 where weather-related cancellations affected service. Operating expenses (excluding depreciation) totaled $35,203,117 as compared to $31,990,015 in the preceding year, an increase of 10.0%, primarily due to increased personnel and operational costs. This operation is primarily funded with grants and property and motor vehicle tax. Grant funding was significantly less due to the completion of the Federal Transit Operating Assistance grant of $5,986,939 in the prior year. 7) Parking Facilities Fund Charges for current services totaled $2,877,090 as compared to $3,402,630 in the preceding year, a decrease of 15.4%. The decrease in parking fee revenue is due to the closure of the Bellemeade Street Deck in February 2025. Operating expenses (excluding depreciation) totaled $3,076,465 as compared to $4,672,643 for the preceding year, a decrease of 34.2%. This decrease is largely attributable to FY 2024 demolition to facilitate the development of the Eugene Street Parking Deck.

Figure 3 Expenses and Program Revenues – Business-Type (In thousands of dollars)

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