Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
COPTA finance staff reports $394,791 shortfall; fare-media sales and parking performing ahead of prior year
Summary
Finance staff presented the authority’s mid-year budget-to-actual report showing revenues of $22.5 million, expenditures of $22.9 million, a year-to-date personnel overrun and strong growth in fare-media sales and parking revenues.
Central Oklahoma Transportation and Parking Authority finance staff on Feb. 7 delivered a budget-to-actual review for the six months ending Dec. 31, reporting that expenditures exceed revenues by $394,791 year to date.
Finance presenter Suzanne said year-to-date revenues were $22,500,000 and year-to-date expenditures were $22,900,000; revenues were 2% ahead of budget while expenditures were essentially on budget overall. Suzanne noted the report covers the period July 1–Dec. 31 (the first six months of the fiscal year).
The presentation highlighted a strong performance in fare-media sales. Suzanne reported fare-media sales of $247,000 in FY24 and $426,000 in FY25 — an increase of $180,000, or 72% — driven in part by two half-price sales (one in July and one in December) and by expanded outreach to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
