Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Budget topic
No spam. Unsubscribe anytime.
IndyGo CFO reports August revenue above budget; expenditures under budget for month
Summary
CFO Bert Brown reported Aug. 2025 federal assistance and total revenues were over budget for the month and year-to-date, while several expenditure categories remained under budget; the agency will present the budget to the full city-county council on Oct. 6.
Bert Brown, chief financial officer for the Indianapolis Public Transportation Corporation, presented the agency’s August 2025 financial summary at the Sept. 18 board meeting.
Brown said federal assistance revenue came in over budget for the month and the year-to-date, and overall agency revenue exceeded budget by $104,007.26 for August and by $3,042,229 year-to-date. Passenger service revenue was under budget for the month by $31,337 and under budget year-to-date by $259,008.61. Property tax and local income tax were reported on budget for August; early distributions for fall collections may appear in October.
On expenditures, Brown reported personal services and fringe benefits were under budget for the month by $69,215 and under budget year-to-date by roughly $3.5 million. Overtime expenses were over budget for the month by $149,007.26 and remain over budget year-to-date. Several materials-and-supplies categories (fuel, maintenance materials, tires) were under budget for the month and year-to-date. Overall, total expenditures came in under budget for the month and under budget year-to-date by approximately $20.1 million, Brown said.
Brown noted the agency presented its proposed budget to the municipal corporations committee of the city-county council the prior evening and is scheduled to appear before the full council on Oct. 6 for approval. He said staff will correct a reporting classification next month to move certain federally reimbursed voucher revenue into federal assistance.
