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COPTA financials: revenues exceed expenditures across divisions; parking and streetcar strong, river cruises constrained by dam work
Summary
Staff told COPTA trustees that 11-month FY25 results through May show consolidated revenues exceeding expenditures and most divisions near or under budget, though several items reflect accounting timing differences.
Staff presented COPTA’s 11-month (through May 31, 2025) financial report at the July 11 meeting, saying overall revenues exceed expenditures across the authority and that the agency is near year-end in a sound position. Key highlights staff reported: - Transportation operations: Year-to-date revenues of about $42.8 million (1% below amended budget) and expenditures about $42.0 million (5% under budget). Combined fare box and fare-media revenue is approximately 10% below forecast…
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