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Commission staff report February net income, begin FY26 budget development after VTrans indirect rate approval
2973449 · April 11, 2025
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Summary
At the April 7 meeting staff presented February financials showing roughly $62,500 net income, accounts receivable increases, and reported VTrans approved the FY26 indirect rate at 64.84%. Staff said FY26 budget development has begun and a draft is targeted for the May meeting.
Staff presented the February profit-and-loss statement to the commission on April 7, saying the month’s P&L “reflects a net income of roughly $62,500.” Staff noted the report is largely unchanged from prior months and that specific line items remain consistent with previous reports.
Accounts receivabl…
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