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Board approves FY2025 budget amendment and accepts fourth-quarter financial report
Summary
Board approved an amendment to the SCRTD FY2025 budget reflecting facility-related expenditures and capital increases, and separately adopted the district's fourth-quarter financial report showing nearly full expenditure of the year's budget and a June 30 cash balance of $211,550.72.
The South Central Regional Transit District board approved a fiscal year 2025 budget amendment and then accepted the district's fourth-quarter financial report at its July meeting.
Finance Officer Adam Shea presented the amendment, which adjusts operating and capital line items to reflect costs tied to acquisition and preparation of the Summit Park facility, equipment purchases and other year-end items. Shea told the board the revised operating expenditures total $2,998,848.96 (about 99.8% of the budgeted expenditures) and that the district's June 30 cash balance…
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