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County staff seek to recognize $19.88 million in delayed federal transit revenues and move funds into debt service reserve
Summary
Milwaukee County staff told the Committee on Transportation and Transit that about $19.88 million in Federal Transit Administration reimbursements budgeted for 2024 arrived in 2025; staff asked to deposit those funds into the debt service reserve to mirror the accounting treatment that would have applied had the revenue arrived in 2024.
County staff asked the Committee on Transportation and Transit to note receipt of $19,882,876 in delayed Federal Transit Administration reimbursements originally budgeted for 2024 and to authorize depositing the funds into the county’s debt service reserve.
Joe Lamers, director of the Office of Strategy, Budget and Performance, told the committee the county submitted a reimbursement request in June 2024 but did not receive the federal…
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