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SCRTD approves small FY2025 amendment, accepts Q2 financials showing cash on hand and capital collections
Summary
Finance staff reported a $735,215.65 cash balance and capital collections of $1,593,613.22 through Dec. 31, 2024; the board approved a net FY2025 expenditure increase of $55,667.63 and accepted the second-quarter report.
Adam Shea, the South Central Regional Transit District finance officer, told the board Jan. 29 that the FY2025 budget amendment reflects line-item adjustments across travel reimbursements, legal fees, IT services, facility lease and other accounts.
"Under expenditures ... it would call for an increase of $55,667.63," Shea said, summarizing the amendment. He listed offsetting decreases in areas such as safety and training,…
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