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SCRTD staff lays out FY2026 budget; capital grant carryovers and federal awards drive large capital program
Summary
Finance staff presented a FY2026 operating budget with $3.31 million in projected revenue and $3.22 million in operating expenditures, leaving a carryover. The presentation also outlined substantial capital carryovers and multiple federal and state grant sources including CMAQ and FTA 5339 funds.
Adam Shea, presenting the draft fiscal year 2026 budget at the May 28 board meeting, said the district expects $3,310,559.65 in revenue and proposed operating expenditures of $3,219,760.75, leaving a carryover balance of $90,798.89.
Shea summarized personnel costs at $1,890,965.95 and employee benefits at $637,542.81, the latter driven by a health‑care cost adjustment. He described other operating subtotals including travel and maintenance ($325,000), supplies ($28,000) and insurance ($52,502). Overall operating expenditures rose about 6.96% from the prior year in the draft he presented.
Shea outlined large capital carryovers and federal grant programs that underpin a much larger capital budget. He told the board that several grant lines — including CMAQ and FTA Section 5339 series funding — have significant carryover amounts and that the district will program purchases against those awards in the coming year. Shea said the district had carried over substantial FY2025 capital funds and that the capital total available in FY2026 remains large compared with typical years.
Board members discussed the fare policy and micro‑transit. David Armijo said the district recently picked up additional state funds that could add roughly $90,000 to the operating side and asked the board to consider whether to continue a partial fare waiver through December. Tim, a staff member, cautioned that micro‑transit and paratransit‑type services can have higher per‑trip costs and that fare policy for micro‑transit should be carefully reviewed before launch.
The presentation was for discussion; the board did not take a final vote on the budget at the May meeting and staff said they will return with an updated budget for approval.
